FBM KLCI 1782.70 14.11 KLCI FUTURES 1794.00 9.00 STI 3430.30 27.38 RM/USD 4.0180 CPO RM2532.

D 4.0180 CPO RM2532.00 29.00 OIL US$66.81 0.06 GOLD US$1313.70 4.40
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50 3000 Foreign participation on Bursa: Daily average
for the week since January 2016 (RM mil)
WEDNESDAY JANUARY 3, 2018 ISSUE 2563/2018 2500

FINANCIAL
2000

1500

1000

DAILY
500

0
MAKE Jan 1, 2016 Dec 15, 2017
BETTER
DECISIONS Malaysia sees first annual foreign
www.theedgemarkets.com net inflow since 2013 3 H O M E B U S I N E S S
2 BLOOMBERG

MPCorp in talks
to redevelop
Wisma MPL
6 HOME BUSINESS

Price war to ease

among telcos as
players move to
defend Arpu
7 HOME BUSINESS E N T E R
PNB hopes for
corporate earnings NOW!

PHILIPPINES’
growth to come in
above 6.9% in 2018
8 HOME BUSINESS

AYALA LAND
T7 Global bags
contracts worth
RM260m
12 HOME

Rela members not

seeks control of MCT
eligible for postal This will trigger a mandatory general offer as its
voting — EC shareholding crosses the 33% threshold.
2 0  2 1 L I VE I T ! Chester Tay has the story on Page 3.
Some of our
favourite spirits
MB World to develop RM1.46b
waterfront in Johor 4 HOME BUSINESS
 FBM KLCI 1782.70 14.11 KLCI FUTURES 1794.00 9.00 STI 3430.30 27.38 RM/USD 4.0180 CPO RM2532.00 29.00 OIL US$66.81 0.06 GOLD US$1313.70 4.40
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50 3000 Foreign participation on Bursa: Daily average
for the week since January 2016 (RM mil)
WEDNESDAY JANUARY 3, 2018 ISSUE 2563/2018 2500

FINANCIAL
2000

1500

1000

DAILY
500

0
MAKE Jan 1, 2016 Dec 15, 2017
BETTER
DECISIONS Malaysia sees first annual foreign
www.theedgemarkets.com net inflow since 2013 3 H O M E B U S I N E S S
2 BLOOMBERG

MPCorp in talks
to redevelop
Wisma MPL
6 HOME BUSINESS

Price war to ease

among telcos as
players move to
defend Arpu
7 HOME BUSINESS

PNB hopes for

corporate earnings

PHILIPPINES’
growth to come in
above 6.9% in 2018
8 HOME BUSINESS

AYALA LAND
T7 Global bags
contracts worth
RM260m
12 H O M E

Rela members not

seeks control of MCT
eligible for postal This will trigger a mandatory general offer as its
voting — EC shareholding crosses the 33% threshold.
2 0  2 1 L I VE I T ! Chester Tay has the story on Page 3.
Some of our
favourite spirits
MB World to develop RM1.46b
waterfront in Johor 4 HOME BUSINESS
2 WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
www.theedgemarkets.com
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(266980-X)
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BUSINESS DEVELOPMENT
Senior Manager Elizabeth Lay
MPCorp in talks to
redevelop Wisma MPL
Negotiation is in final stage; JV agreement has been served to T21
KUALA LUMPUR: Malaysia Pacific
Corp Bhd (MPCorp) said it is nego-
tiating with the 21st Metallurgical
Development (M) Sdn Bhd (T21)
for the redevelopment of Wisma
MPL in Jalan Raja Chulan here.
“T21 and the company have
agreed to incorporate a joint-ven-
ture (JV) company to acquire the
company’s shop lot and office units
in Wisma MPL,” it said in a filing
with Bursa Malaysia yesterday.
MPCorp said it and T21 intend
to subscribe for shares in the JV
company and to regulate their
rights as shareholders in accord-
ance with the JV agreement’s terms
and conditions. “The negotiation is
currently in the final stage and the
final JV agreement has been served
to T21 for its execution,” it added.
Wisma MPL is one of MPCorp’s
two core assets, besides the 490-
acre (198ha) tract it owns in Johor.
Completed in 1973, it was known
as Wisma MPI and then Wisma
CHALLENGING TIMES ... The cost of living is rising for Saudis this year as the government raises gasoline prices and
introduces value-added taxation to plug the budget deficit. The central bank forecasts inflation to average 5.7% in 2018 from a negative rate of
0.1% last year. Domestic gasoline prices are expected to reach parity with international levels between 2018 and 2025, later than the previous
target of 2020 as authorities seek to offset the impact of measures to repair public finances on consumers and businesses. — Bloomberg
Khazanah acquires 3% stake in Dubai’s GEMS Menasa
KUALA LUMPUR: Khazanah Na-
sional Bhd has acquired a 3% stake
in Dubai’s education group GEMS
Menasa Holdings Ltd.
In a statement to Nasdaq Du-
bai yesterday, GEMS Menasa’s
unit, GEMS Menasa Cayman Ltd
(GEMS), said the stake was ac-
quired from Varkey Group (VG),
the majority owner of GEMS.
“The investment adds to Khaz-
anah’s existing indirect interest in
GEMS, via its shareholding in Fajr
Capital, the Dubai-based private
equity investor that led the 2014
HLA, and Wisma MPL thereafter.
Last month, MPCorp an-
nounced that the second auction
obtained by creditor RHB Bank
Bhd on July 10 was called off as
there was no bidder. It added that
RHB Bank, on Nov 2, filed a fresh
application for auction.
It was reported the loss-mak-
ing property outfit had first an-
nounced its intention to sell the
23-storey office-cum-shopping
building in November 2013, val-
ued at RM320 million back then,
to scrounge up cash to meet its
obligation following the default
on repayment of banking facilities
provided by RHB Bank.
Adding to its troubles, the
group was designated a Practice
Note 17 status in December 2014
after its external auditor Messrs
UHY expressed a disclaimer opin-
ion on its audited accounts for
the financial year ended June 30,
2014 (FY14), and subsequently
acquisition of a minority stake
in GEMS by an investor consor-
tium, including Bahrain’s sover-
eign wealth fund Mumtalakat and
Blackstone,” it said.
GEMS said Khazanah’s invest-
ment is structured as a purchase
of existing shares in its parent en-
tity, GEMS Menasa Holdings Ltd,
from VG.
“Following the sale, VG remains
the largest shareholder in the com-
pany and committed to holding a
majority controlling stake in GEMS.
GEMS will receive no proceeds
For breaking news updates go to
www.theedgemarkets.com
for FY15 and FY16 as well.
In July last year, MPCorp en-
tered into a memorandum of un-
derstanding with Singapore-based
Terra Pontus Pte Ltd for the sale of
a part of Wisma MPL for RM250
million, after the group sold some
of the units in the complex.
However, the sale was aborted
in September, after not receiv-
ing any earnest deposit from the
purchaser.
Zitron (M) Sdn Bhd also ex-
pressed interest in the property
last year and even paid an earnest
deposit of RM5 million, before
backing out of the deal.
In August 2016, the Kuala Lum-
pur High Court made an order
for sale of the property and fixed
Nov 21, 2016 as the auction date
for Wisma MPL.
MPCorp shares closed un-
changed at 11 sen yesterday,
with a market capitalisation of
RM31.64 million.
from the sale,” it said.
GEMS Education (Menasa) chief
executive officer Dino Varkey said
Khazanah had been indirectly in-
vesting in GEMS since 2014 and this
strategic transaction reinforces its
relationship with a leading global
sovereign wealth fund.
GEMS recently announced its
full-year results for the year to Aug
31, 2017, with adjusted earnings
before interest, taxes, deprecia-
tion and amortisation of US$261.6
million and revenues of US$926.2
million. — Bernama
IN BRIEF
Prestariang’s MoU with
KMP to develop tertiary
education facility lapses
KUALA LUMPUR: Prestariang
Bhd said its memorandum of
understanding (MoU) with
Kumpulan Modal Perdana
Sdn Bhd (KMP) to help de-
velop a tertiary education fa-
cility has lapsed. “The company
wishes to inform that the MoU
lapsed on Dec 31, 2017,” the
information and communica-
tions technology firm said in a
Bursa Malaysia filing yesterday.
KMP, incorporated as a ven-
ture capital company in 2001,
is wholly owned by the minis-
try of finance. In January 2013,
KMP entered into the MoU with
Universiti Malaysia of Com-
puter Science and Engineering
(UniMY), a tertiary education
facility established under Pre-
stariang Education Sdn Bhd,
a wholly-owned subsidiary of
Prestariang. Under the MoU,
UniMY was to also collaborate
with several other entities to
support UniMY’s aspiration
to develop a tertiary education
facility focusing on computer
science and engineering. Pre-
stariang’s share price closed
unchanged at RM1.52 yester-
day, with a market capitalisa-
tion of RM733.09 million. — By
Neily Syafiqah Eusoff
Anwar files suit to restore
King’s power over laws
KUALA LUMPUR: Pakatan
Harapan leader Datuk Seri An-
war Ibrahim has filed a suit to
restore the King’s power to give
the final assent to laws passed
by Parliament. His lawyer N
Surendran filed the application
at the Federal Court to nulli-
fy three laws passed without
the King’s assent, news sites
reported yesterday. The suit
seeks to annul Article 66(4A) of
the Constitution, amended in
1994 to make a bill become law
30 days after it was presented
to the King, without royal as-
sent, the reports said. Anwar
is seeking leave under Article
4(4) of the Federal Constitu-
tion to question the validity
of amendments made in 1983,
1984 and 1994 that removed the
King’s powers to give the final
approval for bills passed by the
Dewan Rakyat, The Malaysian
Insight said.
M&S sells Hong Kong
business to Al-Futtaim
LONDON: Marks & Spencer
(M&S) has sold its retail busi-
ness in Hong Kong and Macau to
its franchise partner Al-Futtaim
as it retreats from internation-
al markets to focus on its core
business in Britain, the company
said yesterday. Al-Futtaim, al-
ready operating 72 M&S stores
across 11 markets in Asia and
the Middle East, purchased 27
shops in the deal, completed on
Saturday, M&S said. The move
follows M&S’ strategic review
in November 2016, where the
company laid out plans to shut
more than 80 stores at home and
abroad as well as to seek joint
ventures and franchise partner-
ships. — Reuters
WED N ES DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Philippines’ Ayala Land
seeks control of MCT
This will trigger a mandatory general offer as its shareholding crosses the 33% threshold
BY CH E ST E R TAY
KUALA LUMPUR: Philippine-listed
Ayala Land Inc will invest RM202.5
million to raise its stake in MCT
Bhd to 50.19%, which will trigger a
mandatory takeover offer for the re-
maining shares at 88 sen per share.
The takeover price is a 12.8% pre-
mium over MCT’s last traded price
of 78 sen yesterday before trading
of its shares was halted at 2.49pm
for one hour with a 6% premium
over the stock’s closing price of 83
sen, with a market capitalisation of
RM1.1 billion.
Ayala Land said the increase in
ownership of MCT will provide it
with greater opportunity to take
advantage of the growth potential
and long-term prospects of the real
estate sector in Malaysia and will
affirm Ayala Land as a key player
in the Asean property sector.
In a filing with Bursa Malaysia
yesterday, MCT said it has received
a letter of notification from Regent
Wise Investments Ltd (RWIL), a
wholly-owned subsidiary of Ayala
Land, that it had entered into a con-
ditional share purchase agreement
(SPA) with MCT’s non-executive
director Tan Sri Goh Ming Choon
to acquire 230.12 million shares or
a 17.24% stake in MCT for RM202.5
million in cash or 88 sen per share.
Upon completion of the pro-
posed acquisition, RWIL’s share-
holding in MCT will increase from
32.95% to 50.19%.
Upon fulfilment of the condition
precedent under the SPA, RWIL will
be obliged to extend a mandatory
takeover offer to buy the outstand-
ing shares in MCT for 88 sen per
‘First annual foreign net inflow since 2013’
BY C H E STER TAY
KUAL A LUMPUR : Foreign
funds bought RM10.33 billion
(US$2.36 billion) worth of eq-
uities listed on Bursa Malaysia
in 2017, marking the first annual
net inflow of funds since 2013,
said MIDF Research.
The research house’s analyst
Adam M Rahim said the 2017 net
inflow offset some 35% of the
total outflow of RM29.43 billion
(US$7.63 billion) from 2014 to
2016. This amount is based on
net transactions on the open
market, excluding off-market
deals.
In his fund flow report re-
leased yesterday, Adam said the
RM10.33 billion inflow was the
highest among the four South-
east Asian markets — Malaysia,
share as its shareholding crosses
the 33% threshold.
“The condition precedent in-
volves obtaining a waiver from Bur-
sa Malaysia Securities Clearing Sdn
Bhd to allow for 51% of the cash con-
sideration to be settled in tranches
to the vendor,” said MCT.
MCT added that it will appoint
an independent adviser upon re-
ceipt of the notice of the offer to
advise the board of directors and
shareholders.
This confirmed a report by The
Edge Malaysia weekly in July last
year, saying Ayala was planning to
tighten its grip on MCT by buying
a controlling stake from the group’s
co-founders — Goh and Datuk Seri
Tong Seech Wi.
The article also mentioned that
the acquisition would lead to a man-
datory general offer (MGO).
However, MCT had then denied
the report, saying “there is no dis-
cussion among shareholders for a
MGO or buyout”.
In a separate filing with the Phil-
Thailand, Indonesia and the Phil-
ippines — that MIDF Research
tracks.
“This was the first annual net
inflow recorded since the elec-
tion year of 2013 and the biggest
since 2012 which experienced an
inflow of US$4.75 billion net,” he
said. “Foreign funds were rather
aggressive buyers in 2017, when
Bursa recorded a net injection in
35 out of 52 weeks of trading dur-
ing the year.”
Adam said from early February
to June, foreign funds were net
buyers for 18 straight weeks, the
longest buying streak recorded
since 2013 which had 21 weeks.
“The most outstanding day was
on March 17, 2017 when foreign
investors loaded up RM816.1 mil-
lion net, coinciding with the FBM
KLCI closing above the 1,740 level
ippines Stock Exchange, Ayala Land
chief financial officer Augusto D
Bengzon said the increase in own-
ership of MCT will strengthen Aya-
la Land’s commitment to enhance
MCT operations and expand its
business further.
“With Ayala Land’s solid track
record in developing large-scale, in-
tegrated, mixed-use and sustainable
estates across the Philippines and in
growing its diversified product lines,
we believe it is in a highly capable
position to boost the performance
and enhance the value of MCT.”
MCT chief executive officer Jose
Juan Z Jugo told The Edge Financial
Daily in an email yesterday that the
group will have greater access to
the best practices, procedures and
expertise of its major shareholder,
Ayala Land, upon completion of
the proposed acquisition.
“This will allow MCT to better
tap into Ayala’s vast experience and
knowledge in property develop-
ment, as we work on achieving our
own goals in Malaysia. With one of
Malaysia Annual foreign
net inflow/outflow
INFLOW/ INFLOW/
OUTFLOW OUTFLOW
YEAR (RM BIL) (US$ BIL)
2012 14.64 4.75
2013 3.03 1.28
2014 -6.93 -2.03
2015 -19.50 -5.00
2016 -3.00 -0.60
2017 10.33 2.36
for the first time since June 2015,
resulting in a monthly inflow of
RM4.37 billion net for March 2017
amid election rumours.”
However, from August to No-
vember, Adam said foreigners re-
treated from Bursa as they dumped
RM1.22 billion net during that pe-
riod, due to escalating tensions in
HOME BUSINESS 3
Asean’s largest property developers
as our controlling shareholder, I
expect MCT to evolve much better
and much faster in the local mar-
ket,” he said.
Jugo also said Ayala’s decision
to increase its shareholding is a
“clear signal” of the latter’s confi-
dence in MCT.
“Ayala Land is determined in ex-
panding its presence regionally, and
it has chosen to make us a bigger
part of that mission. As a subsidiary
of Ayala Land, our internal goals will
have to support the overall objec-
tives of our parent company. Being
part of a much larger and much
older organisation can only bring
good things to MCT as we ourselves
move towards growth in Malaysia.”
MCT was listed on the Main Mar-
ket of Bursa Malaysia in April 2015
following a reverse takeover of GW
Plastics Holdings Bhd, whose core
business was sold to industrial pack-
aging maker Scientex Bhd.
Ayala Land surfaced as a sub-
stantial shareholder in MCT with a
9.17% stake in April 2015, and raised
its interest to the current 32.95% in
October 2015.
For the first financial quarter
ended Sept 30, 2017 (1QFY18),
MCT’s net profit fell 34.3% to
RM10.55 million from RM16.06 mil-
lion a year ago. Revenue dropped
39.4% to RM94.04 million from
RM155.27 million in 1QFY17, as
most of the projects were nearing
the completion stage and there were
no new launches in the current
quarter under review.
The property development seg-
ment contributed 87% of the group’s
total business in 1QFY18.
the Korean peninsula.
“Interestingly, the significant
progress made for the US tax
overhaul plan saw foreign funds
making a comeback in Decem-
ber as they acquired RM959.9
million net,” he said.
After such heavy buying in
2017, Adam opines that foreign
fund inflows would continue in
2018, especially after the 14th
general election, as investors
favour certainty in the market.
“Meanwhile, we also note
that other external factors such
as foreign investors’ views on
external monetary policies
could prompt the outflow of
cheap money used by inves-
tors to enter emerging markets.
However, we reckon the impact
on the latter is expected to be
minimal.”
BMedia yet to
formulate a
regularisation
plan
BY TA N XUE Y IN G
KUALA LUMPUR: Berjaya Me-
dia Bhd (BMedia) said it is still
looking into formulating a plan
to regularise its financial condi-
tion, after being classified as an
affected listed issued under Prac-
tice Note 17 (PN17) last June.
At this juncture, no suitable or
viable proposal has been short-
listed for consideration, the com-
pany said in a filing with Bursa
Malaysia yesterday.
BMedia now has about five
and a half months left to submit
its regularisation plan to the au-
thorities for approval.
“The company will make the
necessary announcement on its
feasible regularisation plan in ac-
cordance with the requirements
under PN17 in due course,” read
the filing.
In the second financial quar-
ter ended Oct 31, 2017 (2QFY18),
BMedia’s net loss widened to
RM2.54 million from RM497,000
in the corresponding quarter a
year ago, as revenue fell 31%
year-on-year (y-o-y) to RM8.35
million from RM12.10 million.
The company attributed the
drop in earnings to lower adver-
tising income from its principal
operating subsidiary, Sun Media
Corp Sdn Bhd, which publishes
TheSun newspaper.
For the first half of FY18
(1HFY18), BMedia’s net loss
grew to RM4.02 million from
RM2.62 million in 1HFY17. BMe-
dia slipped into PN17 status in
June 2017, after its sharehold-
ers’ equity fell short of listing
requirements.
Paramount sells
Kota Damansara
land for RM92m
BY TA N XUE Y IN G
KUALA LUMPUR: Paramount
Corp Bhd is disposing of two par-
cels of industrial land in Kota
Damansara to an indirect whol-
ly-owned subsidiary of Alumin-
ium Company of Malaysia Bhd
(Alcom) for RM92.13 million.
In a filing with Bursa Malaysia,
Paramount said its wholly-owned
unit Seleksi Megah Sdn Bhd is
selling the two lots totalling 9.4
acres (3.8ha) to EM Hub Sdn Bhd,
a property and construction firm.
Seleksi Megah acquired the
leasehold parcels adjacent to
Taman Sains Selangor for a to-
tal of RM39.93 million in 2007
and 2008.
“The proposed disposal pro-
vides an opportunity for Para-
mount to unlock the value of the
land, and to utilise the cash pro-
ceeds to acquire new land bank,”
said the group.
Paramount’s share price
closed two sen or 1.13% up at
RM1.79 yesterday, with a mar-
ket capitalisation of RM759.49
million.
4 HOME BUSINESS
Manufacturing sector growth
to continue — analysts
This is despite the latest Nikkei PMI indicating the sector stagnated at end-2017
BY SA N G EETHA A MA RTHALINGAM
KUALA LUMPUR: Malaysia’s manu-
facturing sector is expected to con-
tinue expanding this year after a
growth of 5.7% in 2017, analysts said,
supported by China’s inventory re-
building and strong demand from
Europe and the US.
This is despite the headline Nik-
kei Malaysia Manufacturing Pur-
chasing Managers’ Index (PMI), a
composite indicator of manufactur-
ing performance, falling to 49.9 in
December 2017 from a reading of 52
in the previous month, the strong-
est growth in over three-and-a-half
years. This signalled a stagnation
in business conditions in the local
manufacturing sector at end-2017.
A PMI reading under 50 represents
a contraction.
“The fall in the headline PMI
was driven by a contraction in new
orders,” IHS Markit, which com-
piles the survey, said in a statement
yesterday.
CIMB Investment Bank Bhd head
of economics Michelle Chia said
there is no cause for alarm over the
Nikkei PMI’s December data and she
doesn’t see the downward pressure
persisting.
“The decline in PMI is unlikely
to persist as it was mainly driven
by a contraction in new orders as
there were no smartphone or iPhone
launches in September, October and
November. The indicators are still
positive going into 2018,” she told
The Edge Financial Daily.
“It is also a seasonally weak pe-
riod heading towards the Chinese
New Year. We should ride through
this stagnation [period]. The fluctu-
ations [in growth] would be driven
by product launches.”
Affin Hwang Investment Bank
Bhd chief economist Alan Tan said
November’s PMI of 52 and the Sem-
MB World to develop RM1.46b waterfront in Johor
BY SA MA NTHA H O
KUALA LUMPUR: MB World Group
Bhd will develop an integrated wa-
terfront in Telok Permata, Johor, with
an estimated gross development
value (GDV) of RM1.46 billion.
This follows the signing of a de-
velopment right agreement (DRA)
between MB World’s wholly-owned
subsidiary Danga Palm Sdn Bhd and
PIJ Property Development Sdn Bhd
(PPDSB), a wholly-owned unit of PIJ
Holdings Sdn Bhd, on Dec 31, 2017.
MB World said the DRA grants
it the development rights to 49.62
acres (20.08ha) of land bank in Telok
Permata, with an estimated GDV
of RM1.46 billion, as opposed to
an outright purchase of land bank
iconductor Equipment and Mate-
rials International’s (Semi) figures
strongly indicate manufacturing
growth going forward, but unlike the
comparative high base in 2017, the
growth would normalise this year.
According to Semi, a 30% rise in
manufacturing equipment billings
in the third quarter of 2017 (3Q17)
will continue to buoy Malaysia’s
manufacturing figures this year.
“Having said that, the Interna-
tional Monetary Fund’s global econ-
omy forecast for 2018 was raised to
3.7% from 3.6% in 2017,” he said. “In
Malaysia, we expect the manufac-
turing sector to grow slower due to
a slowdown in China’s inventory
rebuilding unlike that seen in 2017.”
Slower imports are expected in
China following the government’s
move to place controls on grow-
ing debts that led to slowed credit
growth. This is likely to dampen
inventory build-ups in palm oil,
electrical and electronics (E&E) and
other raw materials.
“For us, the slowdown in 2018
would not be sharp as it will be cush-
ioned by strong domestic consump-
tion in consumer-related industries
including food, transportation and
construction,” said Tan.
“On the supply side, we are ex-
pecting a 5% growth. This compris-
es the agriculture, mining [involv-
ing chemical and petroleum-based
products] and E&E segments. De-
mand for E&E products could come
from the robust automotive seg-
ment.”
Tan said 2017 was an exception-
al year vis-a-vis Malaysia’s growth
of 4.9% in 2015, and 4.4% in 2016.
Based on the Nikkei PMI, Tan said
Malaysia would benefit from sus-
tained new export orders as do-
mestic manufacturers turn slightly
more positive in line with improving
business conditions in the global
requiring a significant cash outlay.
“PPDSB had applied for and ob-
tained the relevant approval for the
conversion and usage of the de-
velopment land for building pur-
poses. This will allow the group to
commence with the development
project in a short period,” it said in a
filing with Bursa Malaysia yesterday.
“This is consistent and in line
with the group’s strategic direc-
tion to focus on property develop-
ment activities to sustain its growth
through acquisitions, joint ven-
tures, or other arrangements with
land owners,” it added.
The 49.62-acre land includes 15
acres belonging to the government.
The development land is located off
an internal service road of Kam-
Nikkei Malaysia Manufacturing PMI
50 = no change on previous month, S Adj
60
Increasing rate of expansion
55
50
45
Increasing rate of contraction
40
2012 2013 2014 2015 2016 2017
Sources: Nikkei, IHS Markit
manufacturing sector.
“We expect Malaysia to benefit
from sustained new export orders
from abroad, though at a slower pace
compared with that in 2017, espe-
cially in the E&E sector,” he added.
The international trade and in-
dustry ministry also revealed that
total trade in October 2017 surged
19.8% to RM154.26 billion year-on-
year (y-o-y), while exports broke the
RM80 billion mark for the third time
in 2017, climbing 18.9% to RM82.41
billion. Trade growth was mainly
supported by Asean, China, the US,
Hong Kong, Japan, the European
Union (EU) and Taiwan.
Exports of manufactured goods
grew 19.5% or RM11.11 billion to
RM68.07 billion, representing 82.6%
of Malaysia’s total exports, mainly
due to higher exports of E&E and pe-
troleum products, making up 54.8%
of the total manufactured exports.
Between January and October
2017, exports grew 21.1% y-o-y,
mainly driven by healthy glob-
al demand which boosted export
volumes and a recovery in com-
modity prices.
An economist with an investment
bank here said the weak technology
line-up going into 2018 may slight-
pung Teluk Jawa, some 15km north-
east of the Johor Baru city centre.
MB World said it will develop the
land in several staggered phases as a
mixed development with commer-
cial and residential components.
They include serviced apartments,
affordable houses, townhouses,
shop offices and a mall.
It added that the development’s
first phase will feature Taman Per-
badanan Islam Telok Permata, an
affordable housing project under the
Rumah Mampu Milik Johor initiative
on the 15-acre government land.
Under the DRA, PPDSB will be
entitled to receive from MB World
an amount equivalent to 7% of
the project’s GDV, or not less than
RM100 million.
WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
ly dampen the E&E manufacturing
growth prospects for Malaysia.
“Relatively, 2018 would be good
despite a moderation from 2017 —
a high benchmark. That does not
mean external demand would drop
because the demand for Internet
of Things and a surge in electronic
automotive parts would continue
to support our E&E manufacturing
sector,” the economist said.
Growth is also expected from
continued diversification and facili-
ty expansion by Petroliam Nasional
Bhd of its downstream segment at
the Refinery and Petrochemical In-
tegrated Development project, the
economist added.
On China’s credit control, the
economist does not believe it would
take an extremely stern stand that
could injure trade. “China has al-
ways been careful not to ‘over’ tight-
en policies. There would be some
moderation and demand from there.
“However, the slowdown in Chi-
na would be offset by other Asian
nations as their gross domestic prod-
uct remain strong going forward,”
the economist noted.
Nevertheless, the economist
highlights increasing labour costs
and higher oil prices as downside
risks that could impact the cost of
doing business in Malaysia, particu-
larly for small and medium enter-
prises (SMEs).
For Tan, the downside risks in-
volve geopolitical risks from Saudi
Arabia’s political turmoil due to graft
investigations and its disengage-
ment with Iran, and North Korea’s
war threats.
These are exacerbated by the
uncertainty of Brexit, as well as
elections in several European na-
tions that could impact the econo-
my along with the monetary policy
decisions in the US and China.
“We are not sure if [the] incoming
MB World is also responsible to
pay the cost of the land premium
to the relevant authorities for the
government land amounting to
RM6.54 million on behalf of PPDSB.
The 49.62-acre development
land, with a leasehold tenure of 99
years, has obtained a planning per-
mission for mixed development with
a development plot ratio of 1:6:0. The
development has been approved by
the Johor Baru City Council.
MB World will complete the pro-
ject within 10 years from the date of
the DRA. “The DRA is not expect-
ed to have a material effect on MB
World’s earnings and earnings per
share for the financial year ended
Dec 31, 2017.
“However, the DRA is expect-
US Federal Reserve (Fed) chairman
Jerome Powell will continue with
(former Fed chair) Janet Yellen’s
policy of gradually increasing the
interest rate. If the US increases the
rate aggressively, we can expect high
capital outflows,” he said.
“We are also unsure of Bank of
China’s credit limit measures as
that would affect growth expansion.
These are some of the risks that we
expect to encounter next year.”
Tan has a “neutral” call on the
technology sector, expecting it to
benefit from the demand of val-
ue-adding in the smartphones seg-
ment. He believes the construction
and oil and gas segments would ben-
efit from a steady economic growth
due to positive improvements in
commodity prices.
On the tech sector, MIDF Aman-
ah Investment Bank Bhd analyst
Martin Foo finds that sales growth
momentum from China would re-
main robust in the foreseeable term.
“This is in tandem with the antic-
ipated heavy investment in fabrica-
tion equipment in upcoming years.
In the immediate term, we expect
the global semiconductor sales to
continue recording positive sales
growth on a year-over-year basis.
“Our view corroborates with the
recent upgrade in sales forecasts by
the World Semiconductor Trade
Statistics (WSTS) organisation,” he
said in a Dec 6 note to clients.
Foo said WSTS recently revised
its 2017 sales figure upwards to
US$408.7 million (RM1.64 billion)
from US$377.8 million, an upside
of 8.2%. “Although capital spend-
ing on semiconductor equipment
in North America has been posting
double-digit growth for more than
a year since October 2016, billings
have been tapering off for the past
four consecutive months, in line
with seasonal weakness.”
ed to contribute positively to MB
World Group’s future earnings. Any
profit attributable to MB World
Group would be realised in stages
over the project’s tenure based on
its progress,” it said.
MB World’s quarterly earnings
have risen year-on-year throughout
2017, with a net profit for the third
quarter ended Sept 30, 2017 grow-
ing 42.4% to RM6.59 million from
RM4.63 million the year before.
This was largely due to a 91.3%
jump in its revenue to a record
RM60.61 million due to improved
contributions from its property
development division. MB World
shares closed unchanged at RM2
yesterday, with a market capitali-
sation of RM314.75 million.
6 HOME BUSINESS
Price war to ease as telcos
move to defend Arpu
The battlefield is shifting from pricing to customer experience
BY C H E ST ER TAY
KUALA LUMPUR: Some quarters
think that the price war among tele-
communication companies (telcos)
abated somewhat last year when
compared to 2016, but analysts be-
lieve otherwise. The competition
has been no less intense, they say.
The difference is the gradual shift
of the battlefield from pricing to cus-
tomer experience, MIDF Research
analyst Martin Foo told The Edge
Financial Daily when contacted.
“Not to say that the industry has
been boring last year (2017). Com-
petition is still there, and partly, they
have been preparing for this year
(2018). To differentiate themselves,
telcos’ current key focus is customer
experience — their service quality
— more than just networks,” he said.
“If we look at the second half [of
2017], the launches or revision of
packages were slowing down. Even
the latest one that Maxis Bhd did,
they were just adding another 10GB
to their plan — it was not something
like a redesign of the entire pack-
age. Even DiGi.Com Bhd’s Infinite
Plans have got nothing surprising,”
he commented.
Meanwhile, RHB Research ana-
lyst Jeffrey Tan predicts that telcos
will continue to differentiate and
innovate via customer service and
lifestyle propositions, to position
themselves as their customers’ key
digital lifestyle partner.
“The focus will continue to be
on wallet share. Competition has
remained tight in 2017, although the
competitive intensity has moderated
somewhat. The industry continues
to be impacted by SIM consolidation
and the sluggish prepaid market,
with telcos striving to more effec-
tively drive mobile Internet take-up
and monetisation opportunities,” he
said in an email response.
Among the three public-listed
mobile network operators (MNOs)
in the telco segment, Foo said Max-
is would be the relatively stable one
in 2018 in terms of financial perfor-
mance, despite an upcoming change
in chief executive officer (CEO).
In early November last year,
Maxis announced that its CEO
Morten Lundal will be leaving the
group upon the expiry of his con-
Rhone Ma to sell CEVA’s swine-related animal health products in Malaysia
BY SA M A N THA H O
KUALA LUMPUR: Rhone Ma Hold-
ings Bhd has secured rights for the ex-
clusive distribution of France-based
CEVA Sante Animale S A’s swine-re-
lated animal health products.
Rhone Ma Malaysia Sdn Bhd
(RMM), a wholly-owned subsidiary
of the animal healthcare provider,
Postpaid Arpu
(RM) Maxis Celcom DiGi
110
100
90
80
70
1Q 3Q 1Q 3Q 1Q
FY15 FY16 FY17
Prepaid Arpu
(RM) Maxis Celcom DiGi
45
40
35
30
25
1Q 3Q
FY15
1Q 3Q
FY16
1Q
FY17
tract on March 31, 2018.
“As long as they (Maxis) execute
their strategy as it is, they will be
okay. In terms of improvement, Cel-
com Axiata Bhd made the most im-
provement in 2017,” Foo said.
“If you look at the revenue for the
third quarter ended Sept 30, 2017
(3QFY17), Maxis and Celcom’s have
gone up, only DiGi’s fell. Perhaps be-
cause of that, DiGi recently increased
their entry point for post-paid: their
lowest entry last year was about
RM50, but that has been changed
to RM58, to defend their average
revenue per user (Arpu),” he added.
Over the cumulative nine months
ended Sept 30, 2017 (9MFY17), Maxis
has maintained its post-paid Arpu at
RM102, while DiGi’s post-paid Arpu
has slid 4.94% from RM81 to RM77 in
the same period. Celcom’s, on the oth-
er hand, rose 5% from RM80 to RM84.
While DiGi did not seem to shine
in 2017, JF Apex Securities Bhd’s re-
search analyst Lee Cherng Wee said
the group is beginning to focus on
growing its post-paid segment.
inked a distribution agreement with
CEVA Sante Animale and CEVA
Animal Health Malaysia Sdn Bhd
on Monday, the group said in a fil-
ing with Bursa Malaysia yesterday.
The agreement, which is valid
until Dec 31, 2020, allows RMM to
distribute, promote and sell CEVA’s
animal health products related to
swine in Malaysia.
Postpaid subscriber
(Million) Maxis Celcom
3.0
2.5
2.0
1.5
3Q 1Q 3Q 1Q 3Q 1Q
FY15 FY16 FY17
Prepaid subscriber
(Million) Maxis Celcom
12
10
8
3Q
6
1Q 3Q
FY15
1Q 3Q
FY16
1Q
FY17
“Having said that, Maxis re-
mained a post-paid stronghold.
Consumers know them for having
a reliable network. You can see from
their number of subscribers that de-
spite DiGi gaining market share in
the post-paid segment, Maxis’s sub-
scribers have still increased,” he said.
In 9MFY17, Maxis’ postpaid sub-
scriber base grew by 3.43% to 2.81
million subscribers, while DiGi’s
post-paid customers climbed 14.1%
to 2.4 million subscribers. In com-
parison, Celcom appeared to be on
the losing end, as its post-paid sub-
scriber base fell 3.28% to 2.86 million
subscribers in 9MFY17.
Nevertheless, in his research re-
port dated Dec 4, AmInvestment
Bank research analyst Alex Goh said
DiGi retained its top spot with the
biggest subscriber market share at
36%, ahead of Maxis’ 34%, while Cel-
com remained in third place at 29%.
“DiGi’s pole position stemmed
largely from its strength in the prepaid
segment, underpinned by the migrant
population. As such, DiGi’s revenue
“The distribution agreement
with CEVA shall be renewed and
continued for a successive peri-
od of one year, unless and until
either party gives to the other, a
written notice of termination at
least three months prior to the end
of the term,” Rhone Ma said.
CEVA Sante Animale is an inter-
national corporation engaged in re-
WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
market share is only 29% versus Max-
is’ 41% and Celcom’s 30%,” he said.
DiGi While there is no disclosed data
about U Mobile Sdn Bhd’s subscrib-
er base, JF Apex’s Lee said that the
fourth largest mobile network oper-
ator in Malaysia is unlikely to initiate
a price war in 2018 just for the sake
of market share.
“We don’t think there will be a
crazy price war like from end-2015
to 2016. Because if any of them start
the fire now, it will burn down the
whole village (industry). We don’t
3Q
think anyone would risk that, in-
cluding U Mobile,” Lee said.
In his note to investors dated Dec
5, CIMB Research analyst Foong
DiGi Choong Chen also observed that
competition among telcos has been
stabilising, with some aiming at the
higher Arpu segment.
“Post-paid market activity levels
picked up between September and
November, with several attractive
new promos from Celcom and U
Mobile, but they were aimed at the
higher-Arpu segments. The prepaid
market stayed active, with some new
3Q
headline-grabbing products and
plan enhancements and tweaks.
However, competition did not sub-
stantially intensify,” Foong said.
JF Apex’s Lee, meanwhile, said his
top pick for the overall telco sector
for 2018 would be Telekom Malay-
sia Bhd (TM), due to its dominant
position in the broadband market.
“They are relatively stable because
their exposure to price war is not high,
plus there will be population growth
and existing customers might up-
grade their packages — these could
be TM’s growth driver,” he said.
MIDF’s Foo concurred, as he no-
ticed that TM’s marketing campaign
has been more aggressive since the
change in leadership.
RHB’s Tan, on the other hand,
said 2018 will be a year of execu-
tion for TM.
“Brand consolidation is almost
done (webe to be fully rebranded
as UniFi Mobile by the first quar-
ter of 2018 [1Q18]) and its network
coverage should be on a par with
peers. They will look to accelerate
their convergence or bundling as-
pirations via a single brand (UniFi)
and step up the enterprise business
(TM One),” he said.
search, development, production and
marketing of pharmaceutical prod-
ucts and vaccines for companion an-
imal, poultry, ruminants and swine.
The agreement is expected to
contribute positively towards the
group’s earnings and net assets per
share for the financial year ending
Dec 31, 2018.
“The contribution from the dis-
Ancom’s MD
Siew Ka Wei
now chairman
BY SANGEETHA AMARTHALINGAM
KUALA LUMPUR: Ancom Bhd
has redesignated its substantial
shareholder and managing direc-
tor (MD) Datuk Siew Ka Wei as its
executive chairman, while non-ex-
ecutive chairman Datuk Ahmad
Johari Abdul Razak is redesignated
as an executive director.
The group also appointed
43-year-old Lee Cheun Wei as its
chief executive officer, according
to its filings with Bursa Malaysia.
The changes took effect yesterday.
Siew, 62, joined the board on
Oct 23, 1985 and was appointed
the deputy group MD on Oct 17,
1995, before becoming Ancom MD
on July 30, 2003. He owns 20.387%
in Ancom.
Meanwhile, 63-year-old law-
yer Ahmad Johari, who is Prime
Minister Datuk Seri Najib Razak’s
brother, had a 0.22% direct stake
in Ancom as at Sept 5, 2017. Ah-
mad Johari retired from Shearn
Delamore & Co on Dec 31, 2017.
He joined Ancom’s board on
Nov 27, 1992.
Lee, who holds a MSc in Fi-
nance, is the MD for Ancom Crop
Care Sdn Bhd, a subsidiary of
Ancom. He was also Ancom’s
chief financial officer from 2009
to 2014.
Rapid Rail
gets a new CEO
KUALA LUMPUR: Prasarana Ma-
laysia Bhd yesterday announced
the appointment of Muhammad
Isom Azis as the acting chief ex-
ecutive officer (CEO) of Rapid
Rail Sdn Bhd, replacing Datuk
Zohari Sulaiman, who has joined
Mass Rapid Transit Corp Sdn
Bhd (MRT Corp) as the project
director for the mass rapid transit
(MRT) Line 3.
Rapid Rail is a subsidiary of
Prasarana.
In a statement, Prasarana said,
previously, Muhammad Isom was
the chief operating officer of the
MRT Sungai Buloh-Kajang Line.
Muhammad Isom said the main
focus of Rapid Rail would be to fur-
ther promote its services as cool,
convenient and safe for city folks
and woo higher ridership especial-
ly during off-peak hours.
“We will continue to work closely
with our stakeholders especially in
the private sector to inject more life
and to rejuvenate our stations and
services,” he added. — Bernama
tribution agreement is expected to
mitigate the impact of the loss of
revenue from the cessation of dis-
tribution of swine products from
RMM’s previous supplier,” Rhone
Ma added.
Shares in Rhone Ma settled at
RM1 yesterday, up 3.5 sen or 3.63%,
to give the group a market capital-
isation of RM162.68 million.
WED N ES DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
PNB hopes for over 6.9% 2018
corporate earnings growth
Its chairman says this is important to generate higher total shareholder return
BY B I L LY TOH
KUALA LUMPUR: Permoda-
lan Nasional Bhd (PNB) hopes
earnings growth for Malaysian
corporates this year will come
in higher than the 6.9% forecast.
This comes on the back of the
consensus 2017 listed compa-
nies’ earnings growth of 5.7%,
which is below PNB’s earlier
expectation, said its chairman
Tan Sri Abdul Wahid Omar.
In his New Year message is-
sued yesterday, Abdul Wahid
highlighted some of the priori-
ties in the PNB Strategic Plan for
2018, which include ensuring
PNB’s strategic companies fo-
cus on improving their business
fundamentals, earnings and div-
idend payouts, which will lead
to improved total shareholder
return (TSR), implementing its
strategic asset allocation to en-
hance PNB returns sustainably
and within its risk tolerance.
“This will include increasing
our exposure to private invest-
ments both domestically and
internationally, subject to the
right opportunities,” he said.
The third is to engage with
PNB’s core companies where it
has at least a 10% shareholding
or RM1 billion in value to drive
better performance.
“It is important for Malay-
sian corporates to improve their
DNeX to offer EC-
Council cybersecurity
services in Malaysia
BY S AM A N T HA H O
KUALA LUMPUR: Dagang NeX-
change Bhd (DNeX) has signed
an exclusive brand licence agree-
ment with EC-Council Interna-
tional Ltd to offer cybersecurity
services in Malaysia.
Under the agreement, DNeX,
through its wholly-owned sub-
sidiary DNeX Technology Sdn
Bhd, will provide cybersecu-
rity consultancy and advisory
services based on the delivery
model, methodology and brand
of EC-Council Global Services
(EGS).
EGS is a division of EC-Coun-
cil that offers comprehensive
cybersecurity services, and is
dedicated to help organisations
understand and manage their
cybersecurity risk posture ef-
fectively.
“EC-Council with its leading
HOME BUSINESS 7
earnings growth to generate shares where the dividend income lion. According to Abdul Wahid, the bonus payments) for ASB to 8.25%
higher TSR,” he added. can be traced or ‘ring-fenced’ from same concept can be replicated for for the first 10,000 units and 7.25%
Abdul Wahid reiterated the Maybank Islamic and Maybank’s CIMB, RHB and even Bursa itself, for the remaining balance held by
need to designate a portion of other syariah-compliant activities,” where 60% of the counters listed each ASB unitholder,” he said.
shares in Malaysian banks (such he said. (based on market capitalisation) Another one is the successful
as Malayan Banking Bhd, CIMB He a d d e d t h a t b a s e d o n are syariah-compliant. transformation of strategic com-
Group Holdings Bhd and RHB Maybank’s current market capi- Abdul Wahid also addressed panies, resulting in a significant
Bank Bhd) that have a sizeable talisation of RM100 billion, the some of PNB’s achievements dur- increase in the market capitalisa-
Islamic finance business as “Is- Maybank “I” shares will potential- ing 2017, which included a 7.1% tion of PNB’s strategic companies
lamic” or “I” shares to overcome ly have a market capitalisation of increase in net income to RM15.4 in 2017 by RM39 billion. This rep-
the lack of syariah-compliant RM20 billion, which is three times billion. “This enabled us to increase resents a weighted average TSR of
stocks or equity instruments in larger than the market capitalisation total income distribution (compris- 26%, double the returns on the FBM
financial services. of BIMB Holdings Bhd of RM7 bil- ing dividend, bonus and special KLCI of 13.2%
“We were hoping for the ‘I’
share initiative to be approved
in 2017, but unfortunately this
has yet to materialise. We will
continue to engage with relevant
stakeholders to hopefully make
this a reality in 2018,” he said.
Abdul Wahid had proposed
for 20% of Maybank shares to
be categorised as “I” shares in
August last year.
Ab d u l Wa h i d a l s o e x-
plained that it is not possible
for Maybank Islamic, which is
wholly owned by Maybank, to
be listed separately on Bursa
Malaysia.
“This is not possible as
Maybank Group adopts an ‘Is-
lamic First’ strategy where the
Islamic finance operations are
an integral part of Maybank
with common infrastructure
and distribution channels. What
is possible is to designate, say,
20% of Maybank shares as ‘I’
edge experience and impressive
list of clients can give a boost to
our existing cybersecurity servic-
es offerings,” said DNeX executive
deputy chairman Datuk Samsul
Husin in a statement yesterday.
He added that DNeX will be
able to have access to EC-Coun-
cil’s methodologies and learn
cybersecurity implementation
in key global economies.
“EGS uses a four-phased cy-
bersecurity methodology to as-
sess, block, correct and defend
cybersecurity in a client envi-
ronment. With this licensing
deal, DNeX will offer the holis-
tic approach to cybersecurity of
EGS and develop a cybersecurity
framework that helps in identi-
fication, protection, detection,
response and recovery to cyber-
threats to clients in Malaysia,”
said EC-Council group president
Jay Bavisi.
8 ST O C KS W I T H M O M E N T U M
CABNET HOLDINGS BHD (-ve)
SHARES in CabNet Holdings Bhd (funda-
mental: -/3, valuation: -/3), which is mainly
in building management solutions, triggered
our momentum algorithm yesterday for the
first time since its ACE Market debut last May.
The stock closed unchanged at 65 sen, after
154,000 shares were traded, compared with its
200-day average trading volume of 585,165.
In its third quarter ended Sept 30, 2017,
CabNet’s net profit was RM1.71 million, with
revenue at RM17 million; its net profit for
CABNET HOLDINGS BHD
COMPUGATES HOLDINGS BHD (+ve)
SHARES in consumer electronics distributor
Compugates Holdings Bhd (fundamental:
0.8/3, valuation: 0.9/3) closed unchanged at
three sen yesterday after 55.79 million shares
were traded, versus the counter’s 200-day av-
erage trading volume of 5.82 million shares.
On Dec 22, 2017, Compugates announced
its plan to place out up to 25% of its shares to
independent investors to be identified later, to
raise up to RM14.67 million, mainly to fund
its working capital.
COMPUGATES HOLDINGS BHD
INIX TECHNOLOGIES HOLDINGS BHD (-ve)
SHARES in Inix Technologies Holdings Bhd
(fundamental: 1.85/3, valuation: 0.9/3) closed
half a sen or 3.85% higher at 13.5 sen yesterday.
The counter saw 32.74 million shares ex-
changed, versus its 200-day average trading
volume of 3.92 million shares.
The group is involved in software devel-
opment, system integration, information
technology management consultancy, and
the selling of e-books.
It announced that it turned in a lower net
loss of RM740,000 for the first quarter ended
Oct 31, 2017 on lower expenses, compared
INIX TECHNOLOGIES HOLDINGS BHD
WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and first appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specific investment needs. We are not responsible for your investment decisions.
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Our shareholders, directors and employees may have positions in any of the stocks mentioned.
HOME BUSINESS
the first nine months of financial year 2017
came in at RM4.12 million, on a revenue of
RM39.08 million.
It said existing and potential order book
from current sales pipeline remains positive,
T7 Global bags contracts
but plans to pursue opportunities for more
projects outside Johor. It also warned of rising
cost going forward, with the expiry of pioneer
worth RM260m
status for its subsidiary granted by the minis-
try of international trade and industry, which BY TAN XU E Y I NG
means an end to its tax exemption benefit.
KUALA LUMPUR: T7 Global Bhd has
We are making good
Valuation score* - bagged six contracts worth a combined progress in replenishing
Fundamental score** - RM260 million. our work orders. We are
TTM P/E (x) - In a statement yesterday, the oil and
gas service provider said Tanjung Offshore
reasonably optimistic
TTM PEG (x) -
P/NAV (x) 1.97 Services Sdn Bhd (TOS) received a service about building up our
TTM Dividend yield (%) 0.77
order from Malaysia Marine and Heavy order book and are actively
Market capitalisation (mil) 84.50
Engineering Sdn Bhd for subcontracting
work for insulation work for Package 14 of
bidding for projects.
Shares outstanding (ex-treasury) mil 130.00 the refinery and petrochemical integrated
Beta 1.86 development project in Johor.
12-month price range 0.59-0.72 TOS also received a letter of award
*Valuation score - Composite measure of historical return & valuation from Repsol Oil & Gas Malaysia Ltd on an extension option of one year, to supply
**Fundamental score - Composite measure of balance sheet strength Nov 9, 2017 to provide blasting and paint- single buoy mooring hoses until 2019.
& profitability ing services for a primary period of two Petronas Technical Services Sdn Bhd
Note: A score of 3.0 is the best to have and 0.0 is the worst to have years, with an extension option of one also awarded a contract to Wenmax on
year; tentatively from November 2017 Aug 14, 2017 for engineering, procure-
until October 2019. ment, fabrication and commissioning of
Additionally, Repsol awarded two more
contracts to Wenmax Sdn Bhd, another
crude transfer metering system package
for Pengerang Deepwater Terminal 2.
The gross proceeds are also to repay the subsidiary of T7 Global. “We are making good progress in re-
group’s trade creditors and outstanding bank On Dec 7, 2017, Wenmax received a plenishing our work orders. We are rea-
acceptance, and to fund operational expenses. four-year contract, with an extension op- sonably optimistic about building up our
The placement will involve up to 586.93 mil- tion of four years, to supply carbon diox- order book and are actively bidding for
lion new shares that will be issued at a price to ide gas separation membrane elements projects,” T7 Global chairman Datuk Seri
be fixed. Compugates mainly trades and dis- and consumables; and a one-off supply Dr Nik Norzul Thani N Hassan Thani in a
tributes imaging, information technology and contract on Dec 11, 2017 to provide MRU statement yesterday.
communication-based products like cellular absorbent materials for gas MRU field trial. In a filing with Bursa Malaysia, T7
phones, calculators and digital cameras. It is Wenmax also received a purchase order Global said the contracts are expected to
also involved in timber concession, gaharu on Sept 13, 2017 from Sabah Shell Petro- contribute positively towards the group’s
plantation and renewable energy. leum Co Ltd. This is a partial order from a earnings and net assets per share for the fi-
five-year price agreement contract, with nancial year ending Dec 31, 2018 onwards.
Valuation score* 0.90
Fundamental score** 0.80
TTM P/E (x) -
TTM PEG (x)
P/NAV (x)
-
0.64
Noorazman Abd Aziz succeeds Ahmad
TTM Dividend yield (%)
Market capitalisation (mil)
-
70.43
Tajuddin as chairman of UEM Group
Shares outstanding (ex-treasury) mil 2,347.72 BY S ANG E E THA AM ART H A L IN G A M Prior to this, he held a succession of
Beta 0.12 international banking and finance po-
12-month price range 0.02-0.04 KUALA LUMPUR: UEM Group Bhd has sitions including with Citigroup, Bank
*Valuation score - Composite measure of historical return & valuation appointed Datuk Noorazman Abd Aziz as Islam Malaysia Bhd, Kuala Lumpur Stock
**Fundamental score - Composite measure of balance sheet strength chairman of the company effective im- Exchange and the Labuan Offshore Fi-
& profitability mediately, replacing Tan Sri Dr Ahmad nancial Services Authority.
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Tajuddin Ali, 69, who has retired after “I would like to record our utmost
serving the group for more than 10 years. appreciation to Tan Sri Dr Ahmad Ta-
In a statement yesterday, UEM Group, juddin who has been the chairman and
a wholly-owned subsidiary of Khazan-
ah Nasional Bhd, said Noorazman is
chief steward of UEM Group for more
than 10 years," said Khazanah manag-
with a net loss of RM2.69 million in the corre- a long-standing board member of the ing director Tan Sri Azman Mokhtar in
sponding quarter a year ago. Quarterly reve- group. the statement.
nue jumped to RM863,000 from RM103,000. He joined the board of UEM Group "Tan Sri Taj, as we fondly call him, led
The ACE Market-listed group said its ac- on Nov 15, 2010 and was subsequently and guided UEM Group through a very
quisition of Galactic Maritime (M) Sdn Bhd named deputy chairman on April 14, important period of its 51-year history,
for the group’s diversification into dredg- 2017. He is currently an executive direc- a period that coincided with the GLC
ing and land reclamation services industry tor of investments at Khazanah. Transformation Programme and UEM
will provide alternative income stream in Noorazman joined Khazanah in May Group’s own period of consolidation and
the future. 2010 after having spent two-and-a-half renewed growth. As a 100% subsidiary
Last January, Inix bought an additional years as managing director of Fajr Cap- of Khazanah, we are particularly thank-
19% interest in Galactic Maritime for RM4.56 ital Ltd, a Khazanah investee company. ful for all his contributions,” he added.
million, in line with its plan to reduce depend-
ency on its existing IT business.
Valuation score*
Fundamental score**
0.90
1.85
Alcom chairman resigns
TTM P/E (x) -
TTM PEG (x) - BY S AM ANTHA HO with Bursa Malaysia today.
P/NAV (x) 0.87 Tunku Imran, 69, also resigned as a
KUALA LUMPUR: Tunku Tan Sri Imran member of Alcom’s audit and risk man-
TTM Dividend yield (%) -
Tuanku Ja’afar has resigned as independ- agement committee, with an addition-
Market capitalisation (mil) 32.91 ent and non-executive chairman of the al member to be appointed within three
Shares outstanding (ex-treasury) mil 253.15 Aluminium Co of Malaysia Bhd (Alcom), months from Dec 31, 2017, the group said.
Beta 0.82 after holding the post for over 30 years. Tunku Imran had been the chairman of
12-month price range 0.06-0.13 “After many years at the helm of Alcom, Alcom since 1987. Shares in Alcom settled
*Valuation score - Composite measure of historical return & valuation Tunku Imran felt it is the right time for one sen lower at 85 sen yesterday, after
**Fundamental score - Composite measure of balance sheet strength him to resign as director and chairman 114,900 shares were traded. The group has a
& profitability of the company,” Alcom said in a filing market capitalisation of RM115.53 million.
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
WED N ES DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
UK’s biggest house-
price jumps come
from outside London
An English spa town, two coastal areas see the highest rise
BY DAVI D G OOD MA N
LONDON: An English spa town
and two coastal areas saw the
biggest house-price increases
in the UK last year, outstripping
gains in London’s hotspots.
Cheltenham in south-west
England saw a 13% jump in pric-
es in 2017, almost five times the
national increase of 2.7%, Bank
of Scotland Plc’s Halifax divi-
sion said yesterday. The average
house in the town, famous for
its annual horse-racing festival,
rose to £313,150 (RM1.7 million).
on web + mobile
Bournemouth and Brighton,
both on England’s south coast,
saw the next highest gains, with
prices rising more than 11% in
each.
House-price growth has
slowed this year, with London
a particular weak spot, thanks
to a sluggish economy and a
squeeze on consumers in the
wake of the vote to leave the
European Union. The situa-
tion isn’t expected to improve
soon, with forecasts released
last month by the Royal Institu-
tion of Chartered Surveyors and
Nationwide Building Society
predicting a broadly flat 2018.
Unlike 2016, “the top per-
formers are not exclusive to
London and the southeast”, said
Halifax managing director Rus-
sell Galley.
The top performer in the UK
capital was the eastern borough
of Newham, which had a 10%
increase. Two of the three ar-
eas with the biggest declines
were in Scotland: Perth and
Paisley. In all, 13 towns end-
ed the year with lower prices.
— Bloomberg
A chat with The Edge journalists on the story
Anytime, anywhere on www.theedgemarkets.com
House prices in Sydney slipped 0.9% last December and pulled annual growth down to
just 3.1%, a far cry from the peak of 17% seen early in the year. Photo by Reuters
Australian home
prices slip in December
as Sydney slows
BY WAY NE CO L E
SYDNEY: Home prices across Aus-
tralia’s major cities fell last month
as the once red-hot Sydney market
continued to cool in the face of
tighter rules on investment lending,
a relief to regulators but a potential
drag on consumer spending power.
Property consultant CoreLogic
said its index of home prices for
the combined capital cities dipped
0.4% in December from November.
Annual growth in prices slowed
to 4.3%, from 5.2% in November
and 10.5% in the middle of 2017.
Prices in Sydney slipped 0.9%
last December and pulled annual
growth down to just 3.1%, a far cry
from the peak of 17% seen early in
the year. Sydney dwelling values are
still up 71% on the cyclical low hit
in February 2012.
Melbourne fared somewhat bet-
ter, thanks in part to rapid popula-
tion growth, with prices easing 0.2%
last December to be 8.9% higher
for the year.
Home prices outside the major
cities edged up 0.2% last Decem-
behind their stories each week.
Uploaded on Monday @ 1.30pm
P R O P E RT Y 9
ber to be 3.8% higher on the year.
A slowdown has been much de-
sired by the country’s bank watch-
dog which tightened standards on
investment and interest-only loans,
leading banks to raise rates on some
mortgage products.
The Reserve Bank of Austral-
ia has also been concerned that
debt-fuelled speculation in proper-
ty could ultimately hurt both con-
sumers and banks.
The inexorable rise of prices in the
major cities had put homes out of the
reach of many first-time buyers and
had become a political hot potato.
Yet the boom has also been a
boon for household wealth with the
government statistician estimating
the housing stock was worth a cool
A$6.8 trillion (RM21.3 trillion) at
the end of the third quarter — four
times the size of annual gross do-
mestic product.
The explosion in wealth had
helped offset weakness in wages,
so any lasting downturn in home
prices could now act as a drag on
consumer confidence and spend-
ing. — Reuters
10 B R O K E R S’ C A L L
M’sia’s debt profile
remains healthy
Banking sector
Maintain overweight: The bank-
ing sector continues to surprise
us on several fronts. Loan growth
has not risen strongly in tandem
with gross domestic product (GDP).
Business loans remain soft despite
improvements in optimism. Con-
sumer asset quality, too, remains
resilient, defying expectations of
some deterioration.
While consumer loans reg-
istered a decent growth, weak-
er-than-expected loan growth
was underpinned by softer busi-
ness loans, which we believe were
likely driven by repayments. In
the meantime, the banking sys-
tem’s asset quality remains intact,
backed by an unchanged gross
impaired loans (GIL) ratio of 1.2%
and liquidity coverage ratio (LCR)
in excess of 100%.
We believe the overall debt pro-
file for the country remains healthy.
Other drivers for earnings growth
include potential hikes in the over-
night policy rate (OPR) this year,
which would lead to margin ex-
pansion. We expect the increase in
rates to augur well for the banking
sector as margins are compressed
by competitive pressures.
Despite broad-based strength
in the economy, loan growth has
remained unexpectedly weak and
should fall short of our assumption
of 5.6%. We also believe the 2017
loan growth targets for most of the
banking groups under our coverage
may not have been met. Last No-
vember, total loans and advances
broadened by 3.9% (+0.3% month-
on-month [m-o-m]).
We note that while consumer
loans remained resilient, business
loans continued to disappoint. By
segment, consumer loans acceler-
ated by 5.6% year-on-year (y-o-y)
(+0.7% m-o-m), while business
loans broadened by only 2% y-o-y
(-0.2% m-o-m). We estimate that
SME loans widened at an even soft-
Higher profit seen for Cypark’s renewable energy unit
Cypark Resources Bhd
(Jan 2, RM2.48)
Upgrade to outperform with an
unchanged target price (TP) of
RM2.62: Cypark Resources Bhd
reported a fourth quarter ended
Oct 31, 2017 (4QFY17) net profit of
RM18.2 million (+40.3% year-on-
year [y-o-y]), bringing its full-year
FY17 net profit to RM57.6 million
(+11.4% y-o-y).
FY17 revenue increased by 6.6%
y-o-y mainly driven by higher con-
tribution from its environment en-
gineering-related segment (+13.7%
y-o-y) to RM222.3 million due to
newly secured projects in the di-
vision.
Nevertheless, it was partially
offset by lower contributions from
the landscaping and infrastruc-
er pace of 1.9% y-o-y (versus +3.9%
y-o-y last October), while other
business loans contracted for the
third straight month; (-0.1% m-o-m,
+2.1% y-o-y).
By subsegment, we note that
yearly demand for working capital
decelerated to 2.2% y-o-y (versus
+4.3% y-o-y last October). By sec-
tor, sustained contraction in min-
ing and quarrying (-23.4% y-o-y;
-12.2% m-o-m) as well as softer
loans to manufacturing, wholesale
and retail trade, construction, and
finance, insurance and business
activities underpinned softer busi-
ness loans. Y-o-y, loans to transport,
storage and communications were
also easier during the month (+1.4%
y-o-y; +0.8% m-o-m).
Consumer loans continued to
broaden on the back of stronger
drawdowns for residential mort-
gages (+8.9% y-o-y; +0.8% m-o-m).
Advances for credit cards also wid-
ened at a healthier pace of 2.8%
y-o-y (+1.8% m-o-m).
Loans for the purchase of pas-
senger cars resumed its downward
momentum, contracting 1% y-o-y
(unchanged m-o-m). Meanwhile,
loans taken for the purchase of se-
curities rose at a softer pace of 1%
y-o-y (+1% m-o-m) versus a growth
of 2.4% y-o-y (+0.9% m-o-m) last
October.
Loan applications surged
again last November (+15.8%
y-o-y; +6% m-o-m). Supporting
growth, applications for business
loans accelerated by 16.3% y-o-y
(+8.3% m-o-m). Applications in
the consumer segment climbed
at a stronger pace of 15.4% y-o-y
(+3.9% m-o-m). Compared to a
year ago, applications for the pur-
chase of securities ballooned by
49.4% y-o-y (+41% m-o-m). Appli-
cation for credit cards and loans
to buy passenger cars, however,
slipped y-o-y, falling 1.1% and 6.5%
respectively. Meanwhile, applica-
tions for the purchase of residential
Cypark Resources Bhd
FYE OCT (RM MIL) 2016A
Revenue 282.9
Operating profit 71.5
Pre-tax profit 58.7
Core net profit 50.7
EPS (sen) 20.0
PER (x) 11.8
DPS (sen) 5.2
Dividend yield (%) 2.2
Sources: Company, PublicInvest Research estimates
ture segment, which declined by
32.3% y-o-y to RM26.4 million due
to completion of projects since
3QFY17 and lower work activities
for new projects.
FY17 net profit jumps by 11.4%
mortgages remained healthy, wid-
ening 18.3% y-o-y (-1.4% m-o-m).
The growth momentum for loan
approvals rebounded after con-
tracting for two straight months.
Total loans approved last November
surged 22.3% y-o-y. M-o-m, growth
was encouraging, up another 10.5%
following a healthy 13.6% m-o-m
increase last October.
Better loan approvals were un-
derpinned by increases in both
the business (+25.7% y-o-y; +8.5%
m-o-m) and consumer segments.
Consumer approvals resumed its
upward momentum, rising 19.5%
y-o-y (+12.3% m-o-m).
Maintaining a healthy momen-
tum, yearly repayments climbed for
the 10th consecutive month last
November, up 9.9% y-o-y (-4.5%
m-o-m). The banking system’s net
impaired loans ratio stood un-
changed at 1.2%, while loan loss
provisions climbed to 84% from
82.1% in October. During the
month, GIL ratios for residential
properties, purchase of passen-
ger cars, credit cards and person-
al loans stood unchanged at 1.1%,
0.8%, 1.2% and 2.2%. Meanwhile,
the impairment ratio for non-res-
idential properties improved by
10bps (basis points) to 1.1%.
Total deposits (excluding repur-
chase agreements) advanced by
4.7% y-o-y (+0.3% m-o-m). Cur-
rent account and savings account
(Casa) balances in commercial
banks maintained its upward mo-
mentum for the 14th month, in-
creasing 8.1% y-o-y (-0.3% m-o-m).
The Casa ratio climbed to 27% from
26.2% a year ago.
The loan to deposit (LD) ratio
stood at 89.6% (November 2016:
90.3%), while the LCR strength-
ened to 139% from 116% a year ago.
Elsewhere, the banking system’s
capital buffers remained ample
with Core Tier 1 (CET1) and Total
Capital ratios of 13.3% and 17%. —
TA Securities, Jan 2
2017A 2018F 2019F 2020F CAGR (%)
301.7 371.2 391.6 391.6 8.5
86.6 112.1 112.1 112.1 11.9
69.6 90.9 94.1 97.4 13.5
62.8 79.4 83.2 85.6 14.0
22.5 31.4 32.9 33.9 14.0
10.5 7.6 7.2 7.0
0.0 9.4 9.9 10.2
0.0 4.0 4.2 4.3
y-o-y mainly due to better margins
generated from new projects.
Excluding one-off Esos (em-
ployee stock option scheme)
expense of RM5.2 million in
2QFY17, full-year FY17 net profit
WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
Tax issue not seen to negatively
impact MMC
MMC Corp Bhd
(Jan 2, RM2)
Maintain outperform with an
unchanged target price (TP)
of RM2.85: MMC Corp Bhd an-
nounced receiving Notices of As-
sessment from the Inland Revenue
Board (IRB) for additional income
tax and penalties, summing up to
RM45.9 million. This is pursuant to a
tax audit for the years 2011 to 2013.
The company believes that there
are reasonable grounds to chal-
lenge the notices raised by the IRB
upon consulting with its tax coun-
sel. As such, MMC Corp intends
to file the notices to the Special
Commissioners of Income Tax,
and to take all steps necessary to
challenge the disputed notices.
Nevertheless, MMC Corp will still
be making full payment without
prejudice to the IRB.
We believe the announcement
to negatively impact the compa-
ny. With full payment made, the
aforementioned sum of RM45.9
million represents 14% (or 10%)
of our financial year ended Dec 31,
MMC Corp Bhd
FYE DEC (RM MIL) 2016A
Revenue 4,627.4
Ebit 1,160.8
PBT 672.7
Net profit (NP) 549.7
Core NP (CNP) 512.3
Consensus (NP)
Core EPS (sen) 16.8
CNP growth (%) 223.5
DPS (sen) 4.0
BVPS (RM) 3.13
Core PER (x) 12.2
P/BV (x) 0.7
Net gearing (x) 0.8
Dividend yield (%) 2.0
Source: Kenanga Research
jumped by 21.5% y-o-y, contribut-
ed by the environment engineer-
ing segment with segmental mar-
gin increased to 65%, compared
to 61% in FY16. Effective tax rate
during the year was higher at 17%
(versus 14% in FY16), due to ad-
ditional tax provision made for
projects without tax exemptions
during the year.
The reported numbers were
above ours and consensus ex-
pectations, accounting for 121%
and 125% of net profit estimates
respectively. Earnings came in
higher than our forecast due to
lower-than-expected finance cost
and higher-than-expected other
incomes.
We expect Cypark’s earnings
under its Renewable Energy (RE)
MMC believes
that there are
reasonable
grounds to
challenge the
notices raised by
the IRB.
2017 (FY17) or FY18 core earnings
forecast.
However, given that it will most
probably be a one-off expense, we
reckon that it would not signif-
icantly affect our earnings fore-
casts at the core-level. Likewise,
we believe the penalties will not
bear any significant impact on
its balance sheet as well, with its
net-gearing level of 0.8 times to 0.7
times remaining most likely intact.
With no changes made to
our earnings forecasts, we are
also keeping our sum-of-parts
(SoP)-derived TP of RM2.85 un-
changed. Our “outperform call”
is premised on MMC Corp being
a compelling SoP-valuation play,
with a spin-off listing of its ports
operations to potentially act as a
rerating catalyst.
Risks to our call include low-
er-than expected ports activities,
slower-than-expected construc-
tion progress, and de-rating of its
associates Malakoff Corp Bhd and
Gas Malaysia Bhd. — Kenanga Re-
search, Jan 2
2017E 2018E
3,990.3 4,592.3
857.8 1,024.1
397.0 555.8
217.9 452.2
332.3 452.2
342.0 437.7
10.9 14.9
-35.1 36.1
2.5 3.5
3.22 3.34
18.8 13.8
0.6 0.6
0.8 0.7
1.2 1.7
segment to improve from FY18
onwards, coming from additional
biomass and biogas income follow-
ing the completion of its Ladang
Tanah Merah project. As such, we
forecast FY18 earnings to expand
by 26.3% y-o-y, from the sale of
electricity of through its 20mw bi-
omass and 5mw biogas capacities
upon completion of the project by
the end of CY17.
Going forward, we also expect
further improvements in the RE
division from the recent accept-
ance of the 30mwac large-scale
solar project through a consor-
tium with Revenue Vantage Sdn
Bhd. This has yet to be accounted
for, pending further clarity on the
terms of project. — PublicInvest
Research, Jan 2
WED N ES DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
B R O K E R S’ C A L L 11

2018 crude oil price Sunway REIT sees diversified,

defensive rental stream

projected to be Sunway Real Estate Investment

Trust
(Jan 2, RM1.70)
Maintain buy with a lower tar-
Sunway Pyramid (from 5%), in
view of the weak prevailing re-
tail market conditions, and lower
interest costs of 4.1% to 4.2% for

US$55 to US$60
Oil and gas sector
Maintain neutral: West Texas Inter-
mediate (WTI) crude oil prices final-
ly breached the US$60 (RM241.20)
per barrel threshold, up 5% since
the beginning of December 2017,
as Brent moved in tandem, rising by
7% to US$67 per barrel. This is a key
milestone as market concerns turn
towards an acceleration in US shale
production, which accounts for over
half of the country’s oil output.
Even with the extension of Opec
production quotas until the end of
2018, US crude oil production still re-
mains elevated at the near all-time high
of 9.8 million barrels per day. Howev-
er, this exuberance is dampened by a
slight drop of two rigs to 929 rigs for US
oil and gas (O&G) rigs, which is still 2.3
times up from the May 2016 low of 404,
with the trajectory inching higher as
this is less than half of the 2011 peak of
2,026. Barring a further deterioration
shift in geopolitical tensions, we view
the current price dynamics at a pre-
carious position given the persistent
supply-demand imbalance.
Our earlier 2017 crude oil pro-
jection of US$50 to US$55 per bar-
rel has proven to be spot on as the
Brent crude oil spot has averaged at
US$54 per barrel and WTI at US$50
per barrel for the year.
Our 2018 crude oil projection
of US$55 to US$60 per barrel is
maintained, given that the recent
optimism stems from post-contin-
uation of Opec’s production quota
and geopolitical concerns in the
Middle East amid concerns over a
US shale oil resurgence. As a com-
parison, the US Energy Information
Administration projects crude oil
prices at US$57 per barrel for 2018.
Contract awards have declined by
15% year-on-year (y-o-y) to RM7.6
billion in 2017, even though the
fourth quarter of 2017 (4Q17) rose
20% quarter-on-quarter (q-o-q) to
RM1.6 billion mainly on the 2018
pan-Malaysian transport and installa-
tion/maintenance, construction and
modification jobs to Sapura Energy.
This was a hefty surge of 14 times
y-o-y, versus only RM112 million in
4Q16. As these Pan-Malaysian um-
brella scopes of work are mainly de-
termined on a call-up basis, we still
expect Petronas to maintain a cau-
tious approach to upstream explora-
tion and development expenditures.
Hence, for Malaysian operators
which operate wholly offshore, these
weak capital expenditure (capex)
roll-out prospects forebode that the
worst can stretch for quite a while for
those struggling with high gearing,
such as Bumi Armada Bhd, Alam
Maritim Resources Bhd and UMW
Oil & Gas Corp Bhd.
The oil price trend clarity is mud-
dled by the ability of Opec to ensure
quota compliance as prices stabilise;
significant capex reductions which
signal under-investment for future
needs; an increasing proportion
of renewable sources for electric-
ity generation and growing adop-
tion of fuel-efficient-cum-electric
vehicles which could reduce liquid
consumption and lead to “peak oil
demand”; the pace of US deregula-
tion under the Trump administration
that could further accelerate crude
output growth; and the commitment
by major countries, excluding the US,
towards the Paris climate agreement.
The recent decision to exclude
O&G stocks from Norway-based
Norges Bank Investment Manage-
ment’s US$1 trillion fund may be an
get price (TP) of RM1.90: Sun- FY18 to FY20 (from 4.1% to 4.3%),
way Real Estate Investment Trust given Sunway REIT’s proactive
(REIT) has a good mix of quality hedging strategy (82% of current
assets including retail assets (70% borrowings are at a fixed rate).
of net property income [NPI]) that We reiterate our “buy” rat-
enjoy consistent, high occupancy ing on Sunway REIT, with a
rates; hotels (20%) that are seeing lower dividend discount model
better demand; a medical centre (DDM)-derived TP of RM1.90
indicator of trends for other global (5%) where rental is covered by (from RM2.05) after lowering
funds in their commitment towards a triple net lease agreement; and our retail growth forecasts and
compliance with environment, social offices (5%). raising our cost of equity to 7.9%
and corporate governance policies. Sunway REIT’s diversified, de- (from 7.6%).
We may upgrade the sector if the fensive rental stream is a virtue in Sunway REIT is our preferred
visibility improves for a faster pace prevailing property market con- pick among MREITs for its diver-
of upstream capex roll-outs, which ditions, where offices are facing sified asset portfolio. At a 5.4% dis-
ultimately hinges on higher crude oil a supply glut and retail malls are tribution yield for 2018, its valua-
price sustainability. In our view, the seeing lower occupancy or weaker tion looks attractive, considering
catalysts would be a stronger global rental revisions. The retail-cen- its lower earnings risk (vis-à-vis
economy to drive increased oil con- tric Malaysian REITs (MREITs) other MREITs) and attractive asset
sumption, deteriorating geopolitical have seen a rising equity beta in injection pipeline from its sponsor
tensions in the Middle East and West recent years, partly due to the (Sunway Bhd).
Africa, and US crude oil production weak retail mall market. In con- The downside risks to our pos-
growth constraints set to exceed the trast, diversified MREITs (such as itive view on Sunway REIT in-
all-time peak of 9.6 million barrels KLCCP Stapled Group [KLCCSS]) clude rapid, successive interest
in March 2015. and manufacturing/logistic peers rate hikes (we pencil in an over-
On the other hand, we may (such as Axis REIT) have seen a night policy rate [OPR] hike for
downgrade the sector on the pros- lower equity beta. 2018), further deterioration in
pect of an expanding oil glut due to We tweaked our financial year the retail mall market, leading to
continuation of US crude inventory ending June 30, 2018 (FY18)/FY19/ weaker-than-expected earnings,
expansion, slower-than-expect- FY20 earnings per unit (EPU) fore- and lower-than-expected occu-
ed global economic growth, and casts by -3%/+0.3%/+0.5%, imput- pancy rates at its hotels. — Affin
non-compliance by Opec members ing 3% annual rental revisions for Hwang Capital, Jan 2
with their agreed quotas, which will
again lead to aggressive measures
to regain market share. Sunway Real Estate Investment Trust
Our top picks are companies
with stable and recurring earnings, FYE JUNE 2016A 2017A 2018E 2019E 2020E
such as Dialog Group Bhd and Yin- Revenue 507.0 522.9 554.4 564.2 583.3
son Holdings Bhd. Dialog’s earn- Net property income 373.9 388.8 413.7 419.9 434.4
ings visibility is secured largely by Reported net profit 323.7 424.5 275.2 274.5 285.2
the Pengerang Deepwater Termi- EPU (sen) 11.0 14.4 9.3 9.3 9.7
nal project with its enlarged buffer
Distributable profit 272.0 272.3 275.5 274.8 285.3
zone, while Yinson’s Ghana floating
production, storage and offloading Realised net profit 262.5 270.6 275.2 274.5 285.2
vessel project will provide earnings Realised EPU (sen) 8.9 9.2 9.3 9.3 9.7
momentum over the next two years. Realised EPU growth (%) 8.2 3.0 1.7 -0.2 3.9
We maintain “hold” on Petronas Realised PER (x) 19.2 18.6 18.3 18.3 17.7
Gas Bhd due to the upcoming im- DPU (sen) 9.2 9.2 9.3 9.3 9.6
plementation of the incentive-based DPU yield (%) 5.4 5.4 5.4 5.4 5.6
regulatory tariff setting mechanism
P/NAV (x) 1.24 1.20 1.19 1.19 1.19
in January. Our other “hold” calls are
for Sapura Energy Bhd, MISC Bhd, Chg in realised EPU (%) -3.0 0.3 0.5
Bumi Armada and UMW Oil & Gas Affin/Consensus (x) 1.0 0.9 0.9
Corp. — AmInvestment Bank, Jan 2 Sources: Company, Bloomberg

AirAsia to unlock IAA’s value via Indonesia listing

AirAsia Bhd of IAA perpetual securities amount- AirAsia Bhd
(Jan 2, RM3.34) ing to 1.3 trillion rupiah to AAID, this
Maintain buy with an unchanged transaction translated into a 47.7% FYE DEC (RM MIL) 2015 2016 2017F 2018F 2019F
target price (TP) of RM4.02: In a shareholding in the listed AAID. Revenue 6,297.7 6,946.4 8,691.2 8,744.1 8,872.6
Bursa Malaysia filing last week, IAA’s listing on the Indonesia Ebitda 2,739.9 2,800.8 2,415.7 2,335.1 2,364.8
AirAsia Bhd announced the com- Stock Exchange (IDX) would allow
Ebit 2,036.6 2,055.6 1,585.4 1,526.5 1,547.5
pletion of its Indonesian arm In- it to tap into the Indonesian equity
donesia AirAsia’s (IAA) listing via market for funding. We opine that PBT 215.2 2,170.2 1,475.3 1,422.0 1,441.5
a reverse takeover exercise with PT this would reduce its reliance on Net profit 541.3 2,033.6 1,356.3 1,362.9 1,368.2
Indonesia AirAsia (AAID). This was AirAsia. At the same time, it would Core net profit 724.9 1,372.1 1,356.3 1,362.9 1,368.2
pursuant to AAID’s acquisition of also allow AirAsia to unlock the val- Core EPS (sen) 16.8 40.9 36.9 39.4 40.7
a 57.3% stake in IAA. ue of IAA as a listed entity. Core EPS growth (%) 197.1 143.5 (9.7) 6.7 3.4
Prior to the acquisition exercise, We note that the listing of IAA PER (x) 19.9 8.2 9.1 8.5 8.2
AAID had completed a rights issue, followed the listing of AirAsia busi-
Net dividend (sen) 4.0 12.0 12.0 13.0 13.0
raising 3.4 trillion rupiah (RM1.1 bil- ness entities in the stock markets of
lion), while at the same time divested Malaysia and Thailand. Following Net dividend yield (%) 1.2 3.6 3.6 3.9 3.9
its coal trading and transportation this, management indicated that Source: MIDF Research
business for 26 billion rupiah. It was the listing of its Philippine arm will
noted that the proceeds will be used possibly take place in the financial a forward price-earnings ratio of 10 ital offerings to ensure that it stays conservative available seat kilo-
for working capital purposes. year ending Dec 31, 2018 (FY18). times FY18 earnings per share (EPS). relevant in a highly competitive in- metre expansion of +10%, as well
We note that AirAsia Investment As we are positive on the news, we We like AirAsia because of the dustry. AirAsia remains our top pick as new areas of growth in AirAsia
Ltd continues to hold a 20.95% direct maintain our “buy” recommendation company’s continuous efforts to for the aviation sector predicated India and AirAsia Japan. — MIDF
interest in IAA. Following the transfer for AirAsia. Our TP is derived from reinvent itself, introducing new dig- on stable demand growth with a Research, Jan 2
12 H O M E
Rela members not eligible
for postal voting — EC
It is only for those performing their duties on polling day
PUTRAJAYA: People’s Volunteer
Corps (Rela) members are not in
the same category as Royal Malay-
sian Police Volunteers (PVR) and
are not eligible to apply for post-
al voting, said Election Commis-
sion (EC) chairman Tan Sri Mohd
Hashim Abdullah.
He said the EC refutes allega-
tions that almost four million postal
voters are going to cast their ballots
in the upcoming 14th general elec-
tion, including most Rela members
misunderstood to belong to the
PVR category.
Floods close schools in Pahang, Johor, Sarawak
KUALA LUMPUR: Floods disrupted
the opening of the school year in
Pahang, Johor and Sarawak, and the
weatherman warned of more rain
and strong winds today. In Pahang,
rising waters forced 11 schools to
postpone their first day yesterday.
Pahang acting director of edu-
cation Dr Tajuddin Mohd Yunus
said the schools in Kuantan, Pekan
and Jerantut were either flooded or
the access roads were submerged.
“In Kuantan alone, nine schools,
with over 1,000 students and 140
teachers, were unable to begin the
new school year today (yesterday),”
he said.
Tajuddin said the 11 schools had
been given emergency leave for
security reasons and the teachers
had been instructed to report to
the nearest schools.
The number of flood victims in
Pahang rose to 677 as at noon yes-
Putrajaya schools abolish class streaming
PUTRAJAYA: Schools in Putrajaya
are no longer streaming students
according to their level of aca-
demic achievement in the 2018
school year, Putrajaya Federal Ter-
ritory Education Director Roaini
Jaafar said.
She said the concept is accept-
ed by parents, as students were
grouped in the same class to im-
prove the teaching and learning
process. The new practice, in line
with 21st century learning meth-
ods, is being implemented in 14
national schools and 26 second-
ary schools.
“This enables excellent students
who master reading, calculating
and writing to cooperate with and
guide less able students and to help
one another. We are no longer sep-
arating them because we do not
want to emphasise on academic
achievement only.
“Education has many aspects,
“In this regard, the EC wants
to emphasise the allegations are
untrue and intended to confuse
the people,” he said in a statement
yesterday.
He said Article 3 (1) to (4) of the
Election Regulations (Postal Voting)
2003 stipulates that citizens who
had registered as voters could vote
by post provided they belong to
one of the categories set by the EC.
“The postal voting facilities
granted to these voter categories
are not automatically given to all
members but are only subject to
terday, and they were being housed
at 13 relief centres in Rompin and
Kuantan.
The stretch between Jalan Kuan-
tan and Sungai Lembing was cut
off at several places and passable
only to heavy vehicles while four
roads were closed to all vehicles
in Rompin after being inundated
under a metre of floodwaters. The
affected roads were Jalan Selen-
dang, Jalan Kota Bahagia-Kampung
Meripoh, Jalan Kampung Lubuk
Batu-Keratong and Jalan Sungai
Mok-Bukit Mok.
The publicinfobanjir.water.
gov.my website reported that as
at 1.30pm, Sungai Lembing in Kua-
la Tahan breached the danger level
of 68m to 68.15m. Sungai Belat in
Sri Damai also exceeded the 5m
danger level to 5.69m.
Sungai Kuantan in Pasir Kemu-
di, Sungai Lepar at Gelugor Bridge,
such as cooperation, communica-
tion, collaboration and creativity
that children must be exposed to
and we want them to help one an-
other,” she said after visiting the
first-day school session at Sekolah
Kebangsaan Putrajaya Presint 11
(1) here yesterday.
Director-General of Education
Datuk Dr Amin Senin recently said
class streaming practice in accord-
ance with the academic level of
pupils and controlled schools had
been stopped, while formal iso-
lation methods such as the Year
One Entrance Test also needs to be
completely abolished from 2019.
He was reported as saying the
practice was not an education pol-
icy but adopted by the schools to
improve academic achievement in
line with the school average grade.
Roaini said forms four and five
students were separated as they
depended on subject selection and
members required to perform their
duties on polling day.
“They must apply as postal vot-
ers with an endorsement by their
respective department heads when
the application period is opened
by the EC through official notifi-
cation. Those who do not apply
are not eligible to vote as postal
voters,” he said.
Mohd Hashim said the actual
number of members in the cate-
gories involved in the postal voting
would only be known after the ap-
plications are opened and received.
Kuantan, as well as Sungai Pahang
at Sungai Yap, Jerantut, have hit the
alert level.
In Sarawak, 330 pupils from
three primary schools were un-
able to attend the first day of the
new school year, the Sarawak State
Disaster Management Committee
said in a statement.
In Johor, 379 people in Mersing
and Kota Tinggi were at nine relief
centres as of yesterday afternoon.
“Seven relief centres were opened
in Mersing, sheltering 345 flood
evacuees,” State Health, Environ-
ment, Education and Informa-
tion Committee chairman Datuk
Ayub Rahmat said in a statement.
Ayub said two relief centres were
opened in Kota Tinggi, housing
34 people.
The Kelantan Drainage and Irri-
gation Department expects floods
to strike Gua Musang, Kuala Krai,
SK Putrajaya Presint 11 (1)’s Year
One pupils having fun with animated
TV show Upin dan Ipin’s costumed
characters who dropped in on the
first day of school yesterday. Photo
by Bernama
streaming, and separation was not
based on academic achievements
but students’ inclinations.
SK Putrajaya Presint 11 (1) Par-
ent Teacher Association (PIBG)
president Mohd Shahizan Abdul-
lah said the council welcomes the
recommendations made at the
school, and parents agreed and
understood the positive steps in
improving the effectiveness of
learning.
“I hope the practice is success-
ful and effective where excellent
students can help weak students,”
he said. — Bernama
WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
“The EC will review all the postal
voting applications to ensure only
eligible persons as stipulated are
given the postal voting facility.”
On the recommendation that
the EC practised the early counting
of the ballot on the same day after
the polls as is done by other coun-
tries, he said the EC opines that it
is impractical as it would affect the
voting pattern on polling day.
“If some of the results are known
earlier, it is feared it will affect some
parties’ sentiments and the voting
pattern,” he added. — Bernama
Machang, Pasir Mas, Tanah Merah
and Tumpat in the state’s river basin
at about 1am today, said director
Kamal Mustapha.
He said the department came
out with the forecast after over
240mm of rain fell in the Gunung
Gagau area of Gua Musang over
the past two days.
Heavy rain and strong winds are
expected to persist in Pekan and
Rompin in Pahang, and Mersing
in Johor until today, according to
the meteorological department.
It said in a statement that bad
weather is expected in Kemaman,
Terengganu; Kuantan, Pahang; and
Segamat, Kluang and Kota Tinggi
in Johor, also until today.
In Sabah, Kudat, Sandakan, West
Coast, Penampang, Kota Kinabalu,
Tuaran, Kota Belud and Ranau are
expected to face similar conditions
as well. — Bernama
Works for IIBD
to begin in
mid-year, after
tender process
JOHOR BARU: The construction
of elevated intersections, pedes-
trian walkways and road repair
works in the city centre, under the
Infrastructure Integrated Plan of
the Ibrahim International Busi-
ness District (IIBD) Master Plan,
is expected to start in the middle
of this year.
Johor Baru Mayor Amran Ab-
dul Rahman said the construction
works would commence after the
tender process’ completion. “We
expect the construction works to
begin after the opening of the pro-
jects’ tenders early this year,” he
told reporters here yesterday.
Amran said the infrastruc-
ture projects, which obtained
RM250 million in facilitation
funds from the federal govern-
ment via the Public Private Part-
nership Unit, would take two
years to complete.
“Normally, government pro-
jects will take two years [to be
completed], including this pro-
ject. The road repair and upgrad-
ing works will cover Jalan Gereja,
Jalan Tun Sri Lanang, Jalan Salim,
Jalan Trus and Jalan Sulaiman,”
he said.
Amran said the Johor Baru
City Council (MBJB) would em-
bark on adding more parking
areas to solve parking problems
in the city.
Some 330 parking lots would
be made available in an area
near the Foh Chong Building
here through the allocation from
MBJB, he added.
Amran also said the Iskandar
Regional Development Authority’s
landscape beautification works
in the Sungai Segget area would
commence early this year with an
allocation of RM40 million from
the federal government.
“The type of landscape has
been decided and the beautifi-
cation works will start early this
year.” — Bernama
WED N ES DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Chinese consumers rule the world
Get used to it now; it is no longer the ‘world’s factory’ as Singles’ Day blows away Black Friday
BY TRACY CHEN
I
t is way past time to stop call-
ing China the world’s factory.
The country is increasingly
the world’s consumer. Forget
the old investment and ex-
port-focussed growth model.
Even more important is the chang-
ing nature of consumption, which
no longer revolves around staples:
Increasing sums are being ploughed
into movies, tourism and healthcare.
Investors ignore this seismic shift at
their peril.
According to the latest official
data, China’s final consumption
accounted for 63.4% of gross do-
mestic product. Household con-
sumption experienced exponential
growth and climbed to US$4.5 tril-
lion (RM18.09 trillion). Retails sales
have been growing at healthy pace
of about 10%. Spending on Singles’
Day last year (Nov 11), was impres-
sive, registering US$25 billion, almost
double US Black Friday online sales
of US$14 billion.
The details are revealing. Chinese
consumers are becoming older and
richer, generating an upgrade in the
products they purchase.
First, there has already been
a shift from necessities to choice
goods. Apparel and staple foods are
No idea what MiFID stands for? Here is what you need to know
BY S AR AH J ONES, WI L L HA DFIELD
& SILLA BRUSH
EVERYONE in European finance
has been abuzz over an obscure ac-
ronym — MiFID II — that is about
to radically change how assets from
stocks to commodities are traded
and investors’ money is managed.
Banks and asset managers across
the European Union (EU) have spent
more than US$2 billion (RM8.04 bil-
lion) preparing for it. Regulators say
it will protect investors, boost trans-
parency and rebuild trust that was
tarnished by the 2008 global crash.
The industry has even spent months
finding ways to sidestep parts of it.
But you would be forgiven for
not paying attention: MiFID II is a
law that enters into force today that,
according to one count, is already
close to 7,000 pages in length with
all its addendums. That is five times
longer than Tolstoy’s War and Peace
— and vastly less readable.
It has taken seven years to get
the second iteration of the Markets
in Financial Instruments Directive
into shape because of its wide scope.
For starters, it alters how investment
research is paid for, how trades are
documented and executed, and how
brokers share information, find the
best prices and pay one another.
“It’s all about casting light in areas
of the market that were previously
declining as a share of consump-
tion, while health and green foods,
smartphones and tablets, sporting
goods and equipment, trendy and
personalised household products,
vehicles, and beauty products ac-
count for increasing shares of the pie.
Second, low-end mass prod-
ucts are out and high-end premi-
um brands are in. Chinese favour
foreign brands, due to a lack of trust
in domestic products that are prone
to counterfeiting or knock-offs. They
regard expensive foreign brands as a
symbol of wealth and social status.
dark, transparency and ultimately
treating the investor at all times in
a fair manner,” said Ronan Brennan,
Dublin-based chief product officer
at Compliance Solutions Strategies,
which is working with firms to help
them meet MiFID’s many demands.
Here is a look at what MiFID II
will mean for European finance.
1) What is all the fuss about
changes to research?
Fund managers now have to pay for
the research they use. They can no
longer call up their favourite analyst
for free for the lowdown on what
stocks are hot or how the latest twist
in Brexit negotiations will affect their
portfolios. They may not even be able
to access the hundreds of research
reports that have long inundated
their email inboxes daily unless they
intend to pay.
That is because MiFID II forces
investment banks to charge sepa-
rately for research and brokerage
services to avoid conflicts of inter-
est. Up to now, the cost of research
was built into the fees that the likes
of Goldman Sachs or Morgan Stan-
ley get paid to execute trades. That
worried regulators because it opened
the way for commissions to go to
banks that offered the best tips and
access, rather than the best prices
for putting through a client’s trades.
As fund managers get choosier, it
COMMENT 13
BLOOMBERG
And third, consumers will spend shopping. The recent fast adoption and services will increase. This mar-
less on a relative basis on physical of Internet and mobile-phone tech- ket will be more and more attractive
goods and more on experiences and nology leapfrogged some developed to multinational firms and investors.
services, including healthcare, box countries. Shoppers attach great im- One significant by-product: Chi-
office, education, concerts, gyms, fi- portance to comparing prices, read- na’s politically-sensitive trade surplus
nancial planning and tourism (both ing reviews and relying more on rec- will continue to shrink and the current
domestic and overseas). Chinese are ommendations from social media, account surplus, the broadest meas-
travelling abroad more often, bene- thanks to a lack of trust in merchants. ure of capital flows, might contract
fiting not only Asian countries, but They are also more demanding and even more. This, in turn, may exert
developed countries like Australia, require more hand-holding. downward pressure on the yuan.
the US, Canada, New Zealand and As China’s expansion increasingly These trends are in their infancy.
European Union members. depends on consumption, its growth There is plenty of room to run, espe-
All of this will increasingly take will be not only more internally driven, cially as China’s population becomes
place via omni-channel shopping, but also less resource- and credit-in- even more urbanised. Investors are
including mobile, online and offline tensive. Imports of premium goods buying this story. — Bloomberg
is widely expected the prices being place beyond the public gaze for • Institutions must report infor-
quoted for access to research will orders that are too small for dark mation about most trades immedi-
drop in 2018, and some analysts pools but too big to risk placing on ately, including price and volume
could lose their jobs. a stock exchange: • Traders of EU securities must
• The most contentious is called a hand over personal identification,
2) How will MiFID make stock systematic internaliser. It is the new such as passport numbers, to every
markets more transparent? name that banks and trading firms venue they trade on
MiFID II clamps down on so-called will go by when they fill their clients’ • Brokers need to synchronise
dark pools. Unlike public, or “lit” buy or sell orders directly using their their clocks and time-stamp all
markets, such as the London Stock own capital. trades
Exchange, dark pools are private • Public exchanges and some • Bond traders — for the first time
markets that allow investors to buy other trading venues will also hold — need to tell the market about deals
and sell large blocks of shares with- periodic auctions which hide the they have done within 15 minutes
out revealing beforehand the size order size for a stock until sufficient of them taking place
of the orders or the price they paid. volume has been accumulated to • Brokers and investment man-
Even regulators acknowledge that trigger a sale. agers will have to record all conver-
they serve an important market func- “We are likely to see a distinct sations related to a deal and store
tion. Say a fund manager were to drop in dark trading once the caps them for at least five years.
take a huge order for a stock, like two are in force,” said Anish Puaar, Eu-
million shares, to a public exchange. ropean market structure analyst at 5) What is in store today
On seeing the order, high-frequency Rosenblatt Securities. “Ultimately — and 2018?
traders, who use algorithms to spot most of the trading will move to pe- Implementing the technology need-
block orders, could trade against riodic auctions and eventually sys- ed to comply with MiFID II has some
them almost instantly. tematic internalisers. Some volume in the industry likening Jan 3 (today)
But stock exchanges have com- may shift to the SIs on day one, but to Jan 1, 2000 — or Y2K — when
plained for years that too much trad- many buy-side firms are still getting many feared the transition into the
ing takes place on dark pools, de- to grips with how they work.” new century would create havoc on
priving investors of the best prices computer systems around the world.
and them of juicy trading fees. So 4) How does MiFID II subject Whether there are IT malfunc-
MiFID II imposes limits: only 8% traders to greater surveillance? tions or not, trading volumes are
of volume in any stock can change Regulators want to be able to spot projected to drop across Europe in
hands this way. risks early and quickly reconstruct January as everyone adjusts to the
events when something suspicious new MiFID world. Given the enor-
3) Will the industry keep trading happens, so MiFID II will force the mity of the changes, regulators are
in the dark anyway? investment community to keep not likely to slap fines on companies
The short answer: yes. There are tabs of almost everything. Here is for failing to be in full compliance,
two key ways trading will still take a sampling: at least not at first. — Bloomberg
14 W O R L D B U S I N E S S
S’pore 4Q growth solid
This has bolstered expectations that the central bank could tighten policy
BY M A SAY U KI K I TA NO
SINGAPORE: Singapore’s economic
growth slowed in the fourth quar-
ter (4Q) as factories lost steam,
but a services sector recovery has
bolstered expectations the central
bank could tighten monetary policy
as early as April, sending the local
currency higher.
The economy expanded 3.1% in
the October to December quarter
from a year earlier, advance esti-
mates from the trade and industry
ministry showed yesterday, slowing
from 3Q’s upwardly revised 5.4%
growth, which was the fastest year-
on-year growth in nearly four years.
On an annualised and season-
ally-adjusted basis, gross domestic
product expanded 2.8%, well down
from a revised growth of 9.4% in 3Q.
While the quarter-on-quarter
growth figure was slightly below
the median expectation in a Reu-
ters poll of economists, growth seen
in the services sector has fanned
market expectations the Monetary
Authority of Singapore (MAS) could
tighten policy in 2018.
“The details looked a bit better,
such as the upward revisions to 3Q,”
Vietnamese detained in S’pore seeks passage to Germany
BY JO H N GED DI E
SINGAPORE: A Vietnamese prop-
erty developer detained in Singa-
pore is seeking passage to Ger-
many to avoid being sent back
home, where he could face the
death penalty amid a crackdown
on corruption, his lawyers said
yesterday.
Phan Van Anh Vu, 42, who is
wanted in Vietnam for revealing
state secrets, according to media,
was detained in Singapore last
Thursday as he tried to leave for
LeEco founder defies Beijing return
order, stays in US for car fundraising
BY B R ENDA GOH
SHANGHAI: The founder of
debt-laden tech conglomerate LeE-
co has defied orders from Chinese
regulators to return to the country
before end-2017, saying he needed
to stay in the US as a fundraising for
his electric car start-up was mak-
ing progress.
The Beijing branch of the China
Securities Regulatory Commission
issued a notice last week ordering
LeEco chief executive officer Jia
Yueting to return to China to sort out
a mounting debt pile linked to his
firms and protect investors’ rights.
Jia said in a statement that he
had asked his brother, Jia Yuemin,
to meet the regulator face-to-face
last Friday to provide a report after
the notice was issued.
said Vishnu Varathan, the head of
economics and strategy for Mizuho
Bank in Singapore.
“There is a sense of a little bit of
a broadening recovery and I think
markets ... are growing more confi-
dent of April rather than [the] Oc-
tober MAS move,” Varathan said.
The firmer views on central
Malaysia, said Remy Choo, one
of at least three lawyers engaged
by Vu’s family to represent him.
Choo and another lawyer in
Singapore, Foo Chow Ming, said
they had been unable to contact
Vu, and yesterday filed an appli-
cation in Singapore’s High Court
to try to gain access to their client.
A third lawyer said he had filed
an application to German author-
ities to allow him to go there.
“I have made an application
for Germany to accept him,” said
Victor Pfaff, a lawyer in Frankfurt.
“I am deeply sorry and blame
myself for the negative impact of
LeEco’s debt crisis,” he said in the
statement that was posted on his
official WeChat account yesterday.
“The fundraising for Faraday Fu-
ture in the United States is making
significant progress and there are
many tasks I need to push forward
in order to ensure the production
and timely delivery of the FF91,” he
said, referring to a luxury electric
vehicle that LeEco is developing
with Faraday Future.
Questions have been raised
about the outlook for the FF91,
given LeEco’s spiralling cash prob-
lems as well as its decision to pull
out of a joint project with British
sports carmaker Aston Martin to
develop the RapidE electric car.
— Reuters
bank policy helped send the Sin-
gapore dollar up 0.5% to S$1.3307
(RM4.03) per US dollar at one point,
its strongest level in two and a half
years. The local currency, on track
for its biggest one-day gain since
Nov 22, was also supported by a
broadly weaker greenback.
For the whole of 2017, the city
Germany’s foreign office did not
immediately respond to a request
for comment.
Singapore has no extradition
treaty with Vietnam, but its im-
migration authority has the power
to repatriate people under certain
circumstances, according to the
city-state’s Immigration Act.
“My client’s family is concerned
there is an imminent risk of repa-
triation to Vietnam,” said Choo.
Vietnam’s Ministry of Public Se-
curity said last month it was seek-
ing the arrest of Vu, a developer
China factory activity accelerated
in December — Caixin
BEIJING: Chinese factory activity
accelerated in December, accord-
ing to independent data released
yesterday, a positive indicator for
the world’s second-largest econ-
omy to kick off the new year.
The Caixin Purchasing Manag-
ers Index (PMI) — an indicator of
conditions at small manufactur-
ers — rose to 51.5 in December,
up from 50.8 in November and
the highest reading since August.
The official PMI indicator of
51.6 for December was released
on Sunday by China’s National
Bureau of Statistics and showed a
slight deceleration from Novem-
ber, although it largely maintained
momentum.
A PMI figure above 50 repre-
sents growth, while anything be-
low points to contraction.
WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
A file pic of a
container ship
arriving at a port
in Singapore.
Singapore’s
economy
expanded 3.1%
in the October
to December
quarter from
a year earlier.
Photo by Reuters
state’s trade-reliant economy grew
3.5%, at the top end of the govern-
ment’s official 3% to 3.5% forecast
range. This was the fastest pace
in three years and helped by im-
proved global demand, particularly
for electronic products and com-
ponents such as semiconductors.
— Reuters
in the communist state’s central
city of Danang, where the local
leadership was shaken up after
corruption accusations last year.
Vietnamese media quoted po-
lice as saying Vu was wanted for
revealing state secrets. They did
not say what these related to or
whether that was linked to his role
as a property developer.
Singapore’s Immigration and
Checkpoints Authority and its
Ministry of Home Affairs did not
respond immediately to a request
for comment. — Reuters
Caixin’s index focuses on eco-
nomic activity at small- and me-
dium-sized enterprises, and its
continued strength may reflect
the resilient global demand for
many of these exporting firms.
China’s exports saw solid
growth during the final months
of last year.
“Manufacturing production
continued to increase across Chi-
na at the end of 2017,” Caixin said
in a statement with data compiler
IHS Markit.
“Manufacturing operating
conditions improved in Decem-
ber, reinforcing the notion that
economic growth has stabilised
in 2017 and has even performed
better than expected,” Caixin an-
alyst Zhengsheng Zhong wrote.
— AFP
IN BRIEF
Jakarta launches
first airport train to
tackle gridlock
JAKARTA: Jakarta launched the
first train connecting its interna-
tional airport to the city centre
yesterday as the sprawling Indo-
nesian capital moves to tackle
the gridlock that can make the
trip an hours-long headache.
The new system links the Soeka-
rno-Hatta International Airport
on the outskirts of Jakarta to
downtown in 55 minutes, cut-
ting driving time by half or more.
President Joko Widodo (Jokowi)
inaugurated the new system
that officials hope will convince
travellers to make the switch
from private to public trans-
portation on the 38km route.
Jakarta is also building its first
subway and light-rail systems,
with service expected to start
in 2019. — AFP
Tencent’s WeChat
denies storing users’
chat histories
HONG KONG: Tencent Hold-
ings’ WeChat, China’s most pop-
ular messenger app, yesterday
denied storing users’ chat his-
tories after a top businessman
was quoted in media reports
as saying he believed Tencent
was monitoring everyone’s ac-
count. “WeChat does not store
any users’ chat history. That is
only stored in users’ mobiles,
computers and other termi-
nals,” WeChat said in a post
on the social media platform.
“WeChat will not use any con-
tent from user chats for big data
analysis. Because of WeChat’s
technical model that does not
store or analyse user chats, the
rumour that we are watching
your WeChat everyday is pure
misunderstanding.” — Reuters
‘India power tariffs could
rise 62-93 paise/kWh’
NEW DELHI: Electricity tar-
iffs across India are expected
to rise by 62 paise (0.02 sen)
to 93 paise per kilowatt-hour
(kWh) during the first year of
upgrades to coal-fired power
plants, Power Minister RK Sin-
gh told lawmakers yesterday.
The estimate of tariff increases
of up to nearly 20% on average
power fees comes amid rising
levels of smog in the capital
and other major cities, which
has put pressure on the govern-
ment and generators to tackle
a growing public health crisis.
— Reuters
Indonesia’s Sumatra
coffee exports drop 71%
y-o-y in December
JAKARTA: Indonesia exported
8,649.1 tonnes of coffee beans
from the Lampung province
in December, local govern-
ment data showed yesterday,
a 71% drop from a year earlier.
Lampung, Indonesia’s main
coffee growing area, shipped
29,694.8 tonnes in December
2016. The monthly coffee data
is released by the Lampung
trade office in Sumatra. Fig-
ures are often revised as more
complete data becomes avail-
able. — Reuters
WED N ES DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Eurozone bond
yields hit two-
month highs as
ECB cuts back
stimulus
BY D H AR A RA N A SI N GHE
LONDON: Bond yields in Ger-
many and Italy, two of the eu-
rozone’s biggest debt markets,
hit two-month highs yester-
day as a cut in monthly Eu-
ropean Central Bank (ECB)
asset purchases became a re-
ality and hawkish comments
from a top official hurt senti-
ment on the first trading day
of 2018.
Benoit Coeure, the French-
man in charge of carrying out
the ECB’s bond purchases,
sees “a reasonable chance”
the €2.55 trillion (RM12.37
trillion) stimulus programme
will not be extended again
when it expires in September,
he told a Chinese financial
magazine at the weekend.
The comments highlight
that the days of extraordinary
monetary stimulus are near-
ing an end given stronger eco-
nomic conditions and signs of
a pickup in inflation.
Data last Friday showed in-
flation in Germany, Europe’s
biggest economy, hit its high-
est level in five years in 2017.
ECB monthly bond pur-
chases, which have long un-
derpinned low borrowing
costs, have fallen to €30 bil-
lion from €60 billion.
That cut in purchases from
the start of January, unveiled
last year, comes just as inves-
tors brace for a hefty month of
supply — a potentially pow-
erful headwind for regional
bond markets.
“While the cut in ECB asset
purchases is not a surprise,
there is some uncertainty as
to how the markets will adjust
to this in an unusually heavy
month for supply,” said Rainer
Guntermann, a rate strategist
at Commerzbank in Frankfurt.
“The more hawkish com-
mentary from the ECB is also
weighing on markets.”
Germany’s benchmark 10-
year bond yields rose 2.5 ba-
sis points (bps) to 0.46%, the
highest level since late October.
German 30-year bond
yields jumped almost 5bps to
1.3%, their highest level since
mid-November. — Reuters
Australian IPOs set to rebound this year, raise up to A$10b — bankers
BY PAU L I N A D U RA N
SYDNEY: Australian initial public
offering (IPO) fundraising could
double this year to around A$10
billion (RM31.5 billion) from five-
year lows in 2017, with firms such
as Deutsche Bank-backed Lati-
tude Financial poised to capitalise
on rallying markets and investor
craving for big deals.
2017 ‘safest year’
for air travel
Airlines record zero accident deaths in commercial passenger jets
BY DAV ID SHEPARDSON
WASHINGTON: Airlines record-
ed zero accident deaths in com-
mercial passenger jets last year,
according to a Dutch consulting
firm and an aviation safety group
that tracks crashes, making 2017
the safest year on record for com-
mercial air travel.
Dutch aviation consulting firm
To70 and the Aviation Safety Net-
work both reported on Monday
there were no commercial passen-
ger jet fatalities in 2017. “2017 was
the safest year for aviation ever,”
said Adrian Young of To70.
To70 estimated that the fatal
accident rate for large commercial
Hyundai, Kia flag slow sales
recovery in 2018
BY HYUNJOO JIN & JOYC E LE E
SEOUL: South Korea’s Hyundai
Motor and Kia Motors yesterday
flagged 4% sales growth in 2018,
suggesting a slow recovery from a
slump linked to their lack of sport
utility vehicles (SUVs) in the US and
diplomatic tensions with China.
Hyundai and smaller affiliate Kia
said demand was expected to soften
in the US and Chinese markets as they
unveiled a combined sales target of
7.55 million vehicles this year, from
7.25 million vehicles last year.
“The market environment is
expected to be difficult due to a
slowdown in major markets like
the US and China, prolonged low
growth in the global economy
and trade protectionism in major
countries,” Hyundai Motor said
in a statement.
Sales slumped 7% last year from
2016, falling well short of the firms’
target of 8.25 million vehicles and
marking their third consecutive
annual miss, as buyers in China
and the US increasingly shunned
sedans for SUVs.
Bankers around the world are
looking to the global stock market ral-
ly of the past year to kick-start a series
of big floats and spin-offs, following
years of caution and balance-sheet
repair by companies that led to a
lacklustre market for IPOs.
New floats in Sydney last year
raised just US$3.9 billion — the
lowest since 2012, Thomson Reu-
ters data shows as debt-fuelled
passenger flights is 0.06 per mil-
lion flights, or one fatal accident
for every 16 million flights.
The Aviation Safety Network
also reported there were no com-
mercial passenger jet deaths in
2017, but 10 fatal airliner accidents
resulting in 44 fatalities onboard
and 35 persons on the ground, in-
cluding cargo planes and commer-
cial passenger turboprop aircraft.
That figure includes 12 people
killed on Dec 31 when a Nature
Air Cessna 208B Grand Caravan
aircraft crashed minutes after take-
off into a mountainous area off
the beach town of Punta Islita,
Costa Rica.
In comparison, there were 16
A Hyundai
Sonata sedan
being displayed
during the 2017
North American
International
Auto Show
in Detroit,
Michigan, on Jan
10, 2017. Sales
slumped 7%
last year from
2016 as buyers
in China and the
US increasingly
shunned sedans
for SUVs.
Photo by AFP
A diplomatic row between China
and South Korea over Seoul’s de-
ployment of a US missile defence
system also hit the carmakers’ sales
in the world’s biggest auto market,
although two countries recently
agreed to normalise ties.
foreign buyers snapped up com-
panies that could otherwise have
pursued a listing.
“We could reach the A$8 bil-
lion to A$10 billion mark,” said
Richard Sleijpen, UBS head of
equity capital markets, of the 2018
pipeline. “Speculated, announced
and strategic review processes
suggest very strong IPO volumes
for this year.”
W O R L D B U S I N E S S 15
accidents and 303 deaths in 2016
among airliners.
The deadliest incident last year
occurred in January when a Turk-
ish cargo jet smashed into a village
in Kyrgyzstan as it tried to land at a
nearby airport in dense fog, killing 35
on the ground and all four onboard.
The Aviation Safety Network said
2017 was “the safest year ever, both
by the number of fatal accidents as
well as in terms of fatalities”.
Over the last two decades, avia-
tion deaths around the world have
been steadily falling. As recently
as 2005, there were 1,015 deaths
aboard commercial passenger
flights worldwide, the Aviation
Safety Network said. — Reuters
“This year’s target for Hyundai
and Kia is lower than expected. It
seems to be a conservative target,
reflecting a slow recovery in China
and ongoing US difficulties,” Kim
Jin-woo, an analyst at Korea Invest-
ment & Securities said. — Reuters
Expected deals include mort-
gage provider Latitude Financial,
partly owned by Deutsche Bank
and KKR & Co LP.
The company is valued at about
A$5 billion and last month ap-
pointed lead managers to help
raise about A$2 billion, according
to two sources who declined to be
identified because the plans are
private. — Reuters
IN BRIEF
Davis: Britain wants
financial services
included in EU trade deal
LONDON: Britain wants to
include financial services in a
trade deal with the European
Union (EU), which covers a
full sweep of economic are-
as, Brexit Minister David Da-
vis said yesterday. Davis said
that any deal that left finance
out would be “cherry-picking”
after the EU’s Brexit negotia-
tor Michel Barnier cast doubt
on the inclusion of financial
services in a free-trade deal.
“We are looking at the full
sweep of economic coopera-
tion that currently exists and
determining how that can be
maintained with the minimum
additional barriers or friction,”
Davis wrote in The Daily Tele-
graph. — Reuters
Brambles estimates
one-time benefit from
US tax reform
BENGALURU: Australian pal-
lets and container company
Brambles Ltd said yesterday
it estimated a US$125 million
(RM502.5 million) to US$155
million one-time benefit due
to the passing of the Tax Cuts
and Jobs Act in the US. The
one-time non-cash benefit to
its income tax expense as at
Dec 31, 2017 would be due to
a lower deferred tax liability in
the US, the company said in a
statement. Brambles also said
that, apart from the tax rate re-
duction, there were a “number
of measures” that could affect
the company negatively. It did
not elaborate. — Reuters
US medical-device tax
back after two years
NEW YORK: A 2.3% tax on the
sale of medical devices went
back into effect on Monday
after a two-year suspension,
despite opposition by US law-
makers and the medical man-
ufacturing industry. The excise
tax on catheters, pacemakers
and other healthcare prod-
ucts was among several fees
and taxes imposed in January
2013 to help fund the Afforda-
ble Care Act, also known as
Obamacare. It was projected
to raise roughly US$30 billion
over a decade. The suspension
expired on New Year’s Day after
unsuccessful last-ditch efforts
by Republicans. — Reuters
BP expects US earnings
uplift from tax reform
BENGALURU: British energy
company BP expects a posi-
tive impact on future post-tax
earnings from the US after the
changes to US corporate taxes,
it said yesterday. The compa-
ny said the lowering of the US
tax rate requires revaluation
of BP’s US deferred tax assets
and liabilities and estimated
a one-off non-cash charge of
about US$1.5 billion (RM6.03
billion) on 2017 fourth-quarter
results. BP said details of the
final charge are expected to be
disclosed in its fourth-quarter
results announcement, due on
Feb 6. — Reuters
16 FO CU S
City Developments is expected to launch
the 190-unit South Beach Residences
this year. Photo by Samuel Isaac Chua
Residential outlook for 2018
What will this year bring in terms of new launches? Singapore property consultants offer insights
BY C EC I LI A C H OW
M
ost property consultants
are expecting new-home
sales to ring in at roughly
11,000 units for 2017. This
is a 38% increase from the
7,972 units registered in
2016, says Tricia Song, Colliers International
head of research for Singapore.
Last year, 18 private residential pro-
jects with an estimated 6,000 units were
launched for sale, says Ong Teck Hui, JLL
national director of research. He foresees
about 20 projects being launched this year,
yielding 8,000 to 9,000 units. Ong’s fore-
cast for new-home sales in 2018 is 11,000
to 12,000 units.
Colliers’ Song forecasts that new-home
sales in 2018 will hit 12,600 units. “We ex-
pect new-home sales to remain healthy
next (this) year amid the more positive
economic outlook, rising market confi-
dence and pent-up demand,” she says.
Given the spate of collective sales since
2016, Song expects a “bumper crop of new
launches” in late 2018 to 2019.
Taking into account both collective sale
sites and land sold via public tenders, in-
cluding projects waiting on the sidelines
such as the New Futura, South Beach Res-
idences and 8 St Thomas, Song estimates
there will be 25 new private residential
project launches this year, yielding a total
WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
pared with the range of 7,901 to 8,406 units
in 2016. Resales include developers’ sale of
balance units in completed projects such
as Amber Skye, Gramercy Park, Leedon
Residence and Marine Blue.
“The projects launched a few years ago
will benefit, as the unsold stock is likely to
be compressed further,” notes Desmond
Sim, head of research for CBRE Singapore
and Southeast Asia.
In a typical year, the transaction vol-
ume of new-home sales tends to be on
a par with that of resales, observes Alan
Cheong, head of research for Savills Sin-
gapore. The fact that resales far exceed
new-home sales in 2017 is a reflection
of a dearth of new launches as a result of
a moderation in the supply of new sites
under the government land sales (GLS)
programme in recent years, he says.
The government releases sites for pub-
lic tender every six months through the
GLS programme, offering sites for sale
on both the Confirmed and Reserve Lists.
From 2H10 to 2H13, the government re-
leased 23 to 30 sites with the potential to
The last major launch of 2017 was Parc Botannia. Analysts expect the year to end with 11,000 new homes sold. yield 14,000 to 14,300 housing units. From
Photo by Sing Holdings 2H15 to 2H17, the number of new sites re-
leased through the GLS programme was
reduced to 12 to 15, with the capacity to
of 15,000 to 16,000 new units. Her assump- Resales to exceed new-home sales produce 7,420 to 8,125 units (see charts).
tion is that only collective sales transact- Both Colliers and JLL have similar projec- The tapering of supply was in reaction to
ed before August 2017 will be in time for tions for resale volume: 13,000 to 13,500 the slowdown in housing demand, owing
launch in 2018 (see tables). units in 2017, a jump of 55% to 71% com- CON T I N UES N EX T PAGE
WED N E S DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
FO CU S 17

Sales momentum to build up in 1H2018

COLLIERS INTERNATIONAL RESEARCH

Residential Confirmed and Reserve Lists (number of housing units)

COLLIERS INTERNATIONAL RESEARCH

Residential Confirmed and Reserve Lists (number of sites)

New launches from government land sale sites

NO SITE DEVELOPER SITE AREA SITE TENURE GROSS FLOOR NO OF

(SQ FT) AREA (SQ FT) UNITS**
Riding on the sales momentum, Bukit Sembawang 1 Rivercove Residences, Anchorvale Lane # Hoi Hup Realty and Sunway Developments 226,199 99-year 678,598 635
is expected to launch 8 St Thomas next year. Photo 2 Margaret Drive MCL Land 51,773 99-year 238,907 275
by Bukit Sembawang Estates 3 Toh Tuck Road S P Setia International 201,517 99-year 282,124 327
4 Perumal Road Residences Low Keng Huat 41,418 99-year 173,957 200
5 Twin Vew, West Coast Vale CSC Land* 176,296 99-year 493,637 520
FROM PR EV I O U S PAG E
to the seven rounds of property cooling 6 Tampines Ave 10 (Parcel C) City Developments 233,579 99-year 654,559 861
measures and the impact of the total debt 7 Stirling Road Nanshan Group and Logan Property (Singapore) 227,223 99-year 954,336 1,100
servicing ratio (TDSR) loan framework. 8 Bidadari site (mixed-use development) Singapore Press Holdings and Kajima Development 273,836 99-year 958,450 >600
“Developers that purchased sites 9 Woodleigh Lane Chip Eng Seng, Heeton Holdings and KSH Holdings 210,404 99-year 631,212 >800
f ro m 1 H 1 0 t o 2 H 1 3 hav e a l re a d y 10 Serangoon North Avenue 1 Keppel Land and Wing Tai Holdings 185,023 99-year 462,561 613
l au n c h e d a n d s o l d t h e i r p ro j e c t s #Executive condo *CSC Land is the property development arm of China Construction **Estimated number of residential units
and received their sales proceeds,” says
Source: URA, developers, Colliers International, JLL, Knight Frank
Savills’ Cheong. With the emergence of
new developers and the fewer number of
sites released under the GLS programme, New launches from collective sale/en bloc sites
Cheong notes that there has been aggres-
sive bidding for land sites and, because NO SITE DEVELOPER SITE AREA SITE TENURE GROSS FLOOR NO OF
fewer GLS sites were launched, some de- (SQ FT) AREA (SQ FT) UNITS*
velopers turned to collective sale sites as 1 45 Amber Road UOL Group 69,858 Freehold 146,702 139
an alternative. This was seen in 2016. 2 Shunfu Ville (former HUDC estate) Qingjian Realty 408,927 99-year 1,200,996 1,000
3 Harbour View Garden Roxy-Pacific Holdings 30,742 Freehold 43,034 57
‘Bank of mum and dad’
4 Raintree Gardens (former HUDC estate) UOL Group and United Industrial Corp 201,405 99-year 563,941 728
Even as prices of land are being pushed
5 Rio Casa (former HUDC estate) Consortium led by Oxley Holdings 396,231 99-year 1,109,447 1,475
up, the real test will come when devel-
opers launch the projects off-plan, says 6 Serangoon Ville (former HUDC estate) Consortium led by Oxley Holdings 296,913 99-year 831,356 1,200
Cheong. With demand mainly fuelled by 7 Eunosville (former HUDC estate) MCL Land 376,712 99-year 1,054,479 1,399
domestic buyers, and the TDSR and other 8 1 Draycott Park SDB (Selangor Dredging) 17,442 Freehold 48,838 >60
property cooling measures still in place, *Estimated number of residential units
young people will be depending on “the Source: Colliers International, JLL, Knight Frank, developers’ financial reports
bank of mum and dad” to fund their new-
home purchases, he reckons. “But how
deep are the reserves of that bank? That moved have been those priced reasonably New launches held back from before
remains to be seen.” at S$2 million (RM6.06 million), which is
NO PROJECT NAME DEVELOPER SITE TENURE GROSS FLOOR NO OF
Sales momentum is likely to build up still “the sweet spot”, he adds. AREA (SQ FT) UNITS
in the first three quarters of 2018, Cheong
Prices projected to increase 8% to 10% 1 8 St Thomas Bukit Sembawang Estates Freehold 291,166 250
adds. “If the new sale prices are deemed
to be high, demand will spill over to the Sim forecasts an 8% to 10% rise next year on a 2 New Futura City Developments Freehold 248,035 124
resale market. He therefore foresees resale psf basis. He sees higher land prices starting 3 South Beach Residences City Developments 99-year 391,164 190
transactions once again overtaking new- to come into play this year as developers try Source: Colliers International, JLL, Knight Frank
home sales in 2018. to keep the majority of units in their new
Last year, overall sentiment in the res- projects at the sweet spot, which means
idential market improved. “Some home- smaller units and higher price psf. strong and home transactions have picked of the [roughly] 18,000 unsold units that
buyers have entered the market out of fear Tempering the market, the Ministry up, “there is a large potential supply of already have planning approval”. In ad-
of missing out, while others want to lock of National Development noted in its around 20,000 units from awarded en dition, more than 30,000 private housing
in interest rates before they rise further,” release on Dec 13 that, while demand bloc sale and GLS sites that have not yet units remain vacant, according to MND.
notes CBRE’s Sim. The new units that have for sites by property developers is still been granted planning approval, on top — The Edge Singapore
18 W O R L D B U S I N E S S
Oil posts strongest year
opening since 2014
This is due to anti-government rallies in Iran, ongoing supply cuts by Opec, Russia
BY H E N NI N G GLOYSTEI N
SINGAPORE: Oil prices posted their
strongest opening to a year since
2014 yesterday, with crude rising to
mid-2015 highs amid large anti-gov-
ernment rallies in Iran and ongoing
supply cuts led by Opec and Russia.
US West Texas Intermedi-
ate (WTI) crude futures were at
US$60.63 (RM243.73) a barrel at
0747 GMT, up 21 cents, or 0.4%,
after hitting US$60.74 earlier in the
day, the highest since June 2015.
North Korean
hackers hijack
computers
to mine
cryptocurrencies
BY SA M KI M
SEOUL: North Korean hack-
ers are hijacking computers to
mine cryptocurrencies as the
regime in Pyongyang widens
its hunt for cash under tougher
international sanctions.
A hacking unit called
Andariel seized a server at
a South Korean company in
the summer of 2017 and used
it to mine about 70 Monero
coins worth about US$25,000
(RM100,500) as of last Friday,
according to Kwak Kyoung-ju,
who leads a hacking analy-
sis team at the South Korean
government-backed Financial
Security Institute.
The case underscores cy-
berattackers’ increasing appe-
tite for digital currencies as a
source of income for the Kim
Jong-un regime. North Korea is
accelerating its pursuit of cash
abroad as the world tightens
its stranglehold on its conven-
tional sources of money with
sanctions such as cutting oil
supplies and other trade bans.
“Andariel is going after any-
thing that generates cash these
days,” said Kwak. “Dust gathered
over time builds a mountain.”
The hackers may have seized
other computers to mine cryp-
tocurrencies and appear to pre-
fer Monero because the curren-
cy is more focused on privacy
and easier to hide and launder
than bitcoin, Kwak said, cit-
ing the analysis of the server.
Andariel was able to take con-
trol of the server undetected by
its operator, he said.
South Korean investiga-
tors are looking at North Ko-
rea among their suspects. —
Bloomberg
Brent crude futures, the interna-
tional benchmark, were at US$67.18
a barrel, up 31 cents, or 0.5%, after
hitting a May 2015 high of US$67.29
a barrel earlier in the day.
It was the first time since Jan-
uary 2014 that the two crude oil
benchmarks opened the year above
US$60 per barrel.
“Growing unrest in Iran set the
table for a bullish start to 2018,” the
US-based Schork Report said in a
note to clients yesterday.
Anti-government protesters
Russia tightens oil grip in top market
as China opens second pipeline
BY P HILIP GLAM AN N
SHANGHAI: A second Sino-Rus-
sian oil pipeline began operations
on New Year’s Day, doubling Chi-
na’s capacity to import crude from
the East Siberia-Pacific Ocean
(Espo) system.
China can now import 30 mil-
lion tonnes annually, or about
600,000 barrels a day, of Russian
Espo crude via the pipeline, up
from 15 million tonnes before the
Bitcoin starts new year by declining, first time since 2015
BY M ATTHEW LEISING
LOS ANGELES: Bitcoin is already
having a bad year. For the first time
since 2015, the cryptocurrency
began a new year by declining,
extending its slide from a record
US$19,511 (RM78,434.22) reached
on Dec 18.
The virtual coin fell to
demonstrated in Iran on Sunday
in defiance of authorities’ warning of
a crackdown, extending for a fourth
day one of the most audacious chal-
lenges to the clerical leadership since
pro-reform unrest in 2009.
Even without the unrest in Iran,
a major oil exporter, market senti-
ment was bullish. “Falling invento-
ries globally and strong economic
growth offset the restart of the For-
ties pipeline and the resumption
of production following a pipeline
outage in Libya,” futures brokerage
second branch opened, the offi-
cial Xinhua news agency reported
on Monday. The two lines run par-
allel to each other between Mohe
at China’s border and Daqing in
northeast Heilongjiang Province,
the state media organisation said.
Russia pipped Saudi Arabia
most of last year as the top crude
supplier to China, the world’s big-
gest buyer. The ESPO system, a
key piece of Russia’s efforts to ex-
port more energy to Asia, pumps
US$13,624.56 as of 5pm in New
York on Monday, down 4.8% from
last Friday, according to data
compiled by Bloomberg. That’s
also a drop from the US$14,156
which it hit on Sunday, according
to coinmarketcap.com, tracking
daily prices. The cryptocurrency
fluctuated in Asian trading yes-
terday, trading 1.9% lower as of
WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
Oanda senior market analyst Jeffrey
Halley said in Singapore.
The 450,000 barrels per day
(bpd) capacity Forties pipeline
system in the North Sea returned
to full operations on Saturday after
an unplanned shutdown.
Strong demand growth, espe-
cially from China, has also been
supporting crude. Only rising US
production, on the verge of break-
ing through 10 million bpd, is some-
what hampering the outlook into
2018. — Reuters
crude directly to China via the two
links and to the far eastern Pacif-
ic port of Kozmino for seaborne
shipments.
The project is intended to
deepen energy cooperation be-
tween the countries and serve the
China-proposed Belt and Road
initiative, according to Xinhua.
Russia also aims to start natural
gas sales via the Power of Siberia
pipeline by December 2019. —
Bloomberg
3.22pm in Hong Kong.
Bitcoin got off to a much
stronger start last year, and then
kept that momentum going, help-
ing to create a global frenzy for
cryptocurrencies. It rose 3.6% on
the first day of 2017 to US$998,
data from coinmarketcap.com
show. It ended the year up more
than 1,300%. — Bloomberg
IN BRIEF
Oman projects a budget
deficit in 2018 on low
oil price
MUSCAT: The Gulf state of
Oman adopted on Monday its
2018 budget projecting a defi-
cit of US$7.8 billion (RM31.36
billion) due to low oil pric-
es, but said the shortfall is
declining. Revenues in 2018
are estimated at US$24.7 bil-
lion, up just 3% on last year,
with spending projected at
US$32.5 billion, 7% higher,
according to a finance minis-
try’s statement. Despite meas-
ures to reduce dependence on
oil, income from crude is es-
timated to account for 70% of
total revenues, the ministry
said. To finance the budget
deficit, Oman last year raised
US$11.2 billion in debt in the
form of bonds, Islamic sukuk
and loans. It plans to raise
US$6.5 billion this year, the
ministry said. About one-
third of the budget spend-
ing this year has been ear-
marked for social services,
education and health, the
statement said. — AFP
S Korea says will take action
in FX market if needed as
won hits 3-year high
SEOUL: South Korea’s finance
minister yesterday said the
government will take action
to stabilise the foreign ex-
change (FX) market as its cur-
rency soared to a more than
three-year high. “[Curren-
cy markets] should be mar-
ket-oriented, but we will act
if needed,” Kim Dong-yeon
told reporters, responding to
a question about the won’s
strength. The won was trading
at 1,062.0 per dollar as of 0602
GMT, after reaching as high
as 1,061.2 earlier yesterday,
the strongest since October
2014. — Reuters
‘Decision on further
tightening shouldn’t be
linked to term-end’
SEOUL: South Korea’s central
bank chief yesterday said a de-
cision on any further monetary
policy tightening should not be
related to the coming end of his
term. “As I said earlier, I asked
not to relate the timing of my
term ending with policy interest
rate hikes,” Bank of Korea gover-
nor Lee Ju-yeol told reporters in
Seoul. Any further interest rate
adjustment will come only after
carefully considering trends of
economic data and the growth
path, Lee said. — Reuters
Steinhoff says 2015
accounts will have to be
restated
JOHANNESBURG: Steinhoff
said yesterday its 2015 results
would have to be restated,
underscoring the extent of an
accounting scandal that has
wiped billions of dollars off the
South African retailer’s market
value. Steinhoff has delayed its
2017 annual results and said its
2016 results could no longer
be relied upon after discover-
ing what it called accounting
irregularities. — Reuters
WED N ES DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Pakistan
summons US
ambassador over
Trump tweet
BY NASIR JAFFRY
ISLAMABAD: Pakistan has sum-
moned the US ambassador, an
embassy spokesman said yes-
terday, a rare public rebuke af-
ter Donald Trump lashed out at
Islamabad with threats to cut
aid over “lies” about militancy.
Ambassador David Hale was
asked to go to the foreign of-
fice in the Pakistani capital on
Monday night, after Islamabad
responded angrily to the US
President’s allegations that it
provided safe havens for mil-
itants in the latest spat to rock
their alliance.
A US embassy spokesman
confirmed Hale met officials.
Trump used his first tweet
of 2018 to tear into Islamabad.
“The United States has fool-
ishly given Pakistan more than
33 billion dollars in aid over the
last 15 years, and they have given
us nothing but lies and deceit,
thinking of our leaders as fools,”
Trump said in the early morning
of New Year’s Day tweet.
“They give safe havens to the
terrorists we hunt in Afghani-
stan, with little help. No more!”
Pakistan hit back swiftly, say-
ing it had done much for the US,
helping it to “decimate” al-Qae-
da, while getting only “invective
and mistrust” in return in angry
comments from its foreign and
defence ministers.
Islamabad has repeatedly
denied the accusations of turn-
ing a blind eye to militancy,
lambasting the US for ignoring
the thousands who have been
killed on its soil and the billions
spent fighting extremists.
After the Sept 11, 2001 terror
attacks in the US, Washington
forged a strategic alliance with
Islamabad to help in its fight
against militancy. — AFP
Two dead, thousands flee storm in
Philippines
MANILA: Two people were killed
and thousands fled strong winds
and floods as a tropical depres-
sion hit the central Philippines
yesterday, following deadly
back-to-back storms during the
Christmas season.
The deaths were reported on
the Cebu island, where an elder-
ly woman was killed in a land-
slide, while a man died after he
hit his head on the pavement
as the storm cut off electricity
in the area.
Tropical Storm Kai-Tak killed
47 people in the central Philip-
pines last month, while Tropical
Storm Tembin killed 240 on the
southern island of Mindanao.
The state weather service
warned the new disturbance was
poised to hit the western tourist
island of Palawan with gusts of
65km per hour later yesterday.
“The residents are really sad.
It is tough that we have three
Nine dead as fresh
protests hit Iran
Activities are in towns and cities, with small ones in Tehran
BY ERIC R ANDOLP H
TEHRAN: Nine people were killed as
fresh unrest hit Iran overnight, state
television said yesterday, with pro-
testers trying to storm a police station
despite attempts to crack down on
the biggest demonstrations in years.
The attack on the police station
in the town of Qahderijan, in the
central province of Isfahan, led to
violence that claimed the lives of
six protesters, the state broadcast-
er reported.
A young member of the Revolu-
tionary Guards and a passer-by were
also reported dead in towns near the
cultural hub of the Isfahan city, while
TV had earlier confirmed the death
of a policeman in nearby Najafabad,
shot dead with a hunting rifle.
That brings the estimated death
toll to 21 in five days of unrest that
represent the biggest challenge to the
Islamic regime since mass demon-
strations in 2009.
Protests remain focused on pro-
vincial towns and cities, with only
small and sporadic protests report-
ed in Tehran on Monday evening
where a heavy police presence was
reported.
The latest violence came despite
President Hassan Rouhani’s vow that
the nation would deal with “rioters
and lawbreakers”.
Ali Shamkhani, secretary of Iran’s
Supreme National Security Council,
described the unrest — the biggest
challenge to the regime since mass
protests in 2009 — as a “proxy war
against the Iranian people”.
“Hashtags and messages about
the situation in Iran come from the
storms coming one after anoth-
er. People have lost their liveli-
hood and have had no rest since
Christmas,” Gil Acosta, the in-
formation officer of the island,
told AFP.
Palawan accounted for 37 of
the recorded Tembin deaths,
with 60 other people still miss-
ing, Acosta added.
About 4,000 people across the
central Philippines had moved
to safer ground to escape high
winds and flooding, the national
disaster agency in Manila said.
“There is continuous flood-
ing in some towns where the
floodwater from the previous
storm has yet to subside,” pro-
vincial disaster information of-
ficer Julius Regner told AFP by
telephone from Cebu City.
The Philippines is battered
by 20 major storms each year
on average, many of them dead-
ly. — AFP
United States, Britain and Saudi Ara-
bia,” he told local media.
Iran’s intelligence ministry re-
leased a statement saying “instiga-
tors” have been identified “and will
be dealt with seriously soon”.
The Revolutionary Guards have
yet to fully intervene against the pro-
testers, but published photos on
Monday of three wanted people and
called on the public to report any
“seditionist elements”.
Rouhani has tried to play down
the unrest, which began over eco-
nomic grievances in second city
Mashhad last Thursday but quickly
turned against the Islamic regime
as a whole with chants of “Death
Hollywood’s anti-
harassment initiative
BY BRI AN K NO WLTO N
WASHINGTON: More than 300 top
women in Hollywood — from Mer-
yl Streep and Jennifer Lawrence to
Emma Thompson and Cate Blan-
chett — unveiled an initiative on
Monday to tackle pervasive sexual
harassment in workplaces, calling
special attention to their “sisters” in
less than glamorous blue-collar jobs.
The initiative, dubbed Time’s
Up, caps a year in which the Har-
vey Weinstein sexual misconduct
scandal touched off a deluge of alle-
gations that brought down powerful
men in entertainment, politics and
the media, prompting companies,
government agencies and even the
US federal court system to re-exam-
ine harassment policies.
But in an open letter printed in
The New York Times, the new initi-
to the dictator”.
“This is nothing,” Rouhani said
in a statement on the presidency
website.
“Our nation will deal with this
minority who chant slogans against
the law and people’s wishes, and
insult the sanctities and values of
the revolution.”
Pro-regime rallies were held
across several towns and cities — re-
flecting continued support among a
large conservative section of society.
Reporting restrictions remained
tight, but videos on social media
continued to show widespread an-
ti-government protests in many ar-
eas. — AFP
ative lends the star power of its A-list
members to the cause of women in
less prominent fields, urging sup-
port and respect for farmworkers
and others whose humble positions
leave them vulnerable and voiceless.
“We fervently urge the media cov-
ering the disclosures by people in
Hollywood to spend equal time on
the myriad experiences of individu-
als working in less glamourised and
valorised trades,” the group said in
its full-page ad.
“To every woman employed in
agriculture who has had to fend off
unwanted sexual advances from her
boss, every housekeeper who has
tried to escape an assaultive guest,
every janitor trapped nightly in a
building with a predatory supervisor,
every waitress grabbed by a customer
and expected to take it with a smile...
we stand with you.” — AFP
W O R L D 19
IN BRIEF
New Year car torching
up in France
PARIS: France saw a jump in ar-
rests on New Year’s Eve as well
as an increase in the number of
cars torched by vandals, a ritual
among revellers in the country’s
high-rise suburbs. The number
of vehicles set alight on the night
of Dec 31 climbed from 935 a
year ago to 1,031, while arrests
rose from 456 to 510, the interior
ministry said on Monday. Vio-
lence also marred celebrations
in the Paris suburb of Cham-
pigny-sur-Marne, where two
police officers were attacked
by a large group of people at
a party. French President Em-
manuel Macron took to Twit-
ter to denounce the “cowardly
and criminal lynching of police
officers doing their duty” and
warned that the culprits would
be “found and arrested”. — AFP
US boy accused of
gunning down his family
NEW YORK: A teenage boy in
the US state of New Jersey was
in police custody on Monday
after being accused of gun-
ning down his family on New
Year’s Eve with a semi-auto-
matic rifle, authorities said.
Police were called to a home in
the city of Long Branch, about
90km south of New York, at
11.43pm on Sunday in re-
sponse to a report of shots fired
and found four people dead,
Monmouth County Prosecu-
tor Christopher Gramiccioni
said in a statement. The victims
were the suspect’s father Ste-
ven Kologi, 44; mother Linda
Kologi, 42; sister Brittany Kolo-
gi, 18; and family friend Mary
Schultz, 70. — AFP
‘At least nine dead in
Brazil prison riot’
SAO PAULO: At least nine peo-
ple were killed and 14 others
wounded on Monday in a pris-
on riot in the central Brazilian
state of Goias that ended in a
blaze — and the escape of more
than 100 inmates, local media
reported. Authorities said that
a group of prisoners invaded
a wing of the facility populat-
ed by members of a rival gang
shortly after midday, sparking
the riot that led to the deadly
fire, according to the G1 news
portal. — AFP
Even penguins come out
of the cold in Canada
MONTREAL: Just how cold is
it in Canada? Ask the penguins
at the Calgary zoo: Even they
have had to take shelter. King
penguins — one of five species
at the zoo in the western Al-
berta province — are certainly
accustomed to chilly weather,
more so than species like the
Humboldt that prefer some-
what warmer climes, said zoo
curator Malu Celli. But with
a cold snap pushing temper-
atures below -30°C on New
Year’s Eve and with one five-
month-old penguin chick still
maturing, zoo officials decided
to draw a line in the snow on
Sunday, setting -25°C as the
birds’ limit. — AFP
20
live it!
WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE

Personal
ASSISTANT
CO M PI L ED BY CL A RI ECE LEONG

WORK. LIFE. BALANCE

REFRESH yourself this new year with Open

Mic Malaysia at Grind 22. Join in for a night of
poetry and music performances while you sit
back with a cup of coffee, or if you are looking
to boost your confidence this year, there’s no
harm in taking the mic yourself. Grind 22 is
located on Lorong Maarof, Bangsar Park,
Kuala Lumpur, and the open mic session
begins at 8pm tonight. For registration or
enquiries, email us@openmicmalaysia.org.

FANS of Japanese products will be thrilled SOME OF OUR

FAVOURITE SPIRITS
with the Hokkaido Fair at Ben’s Independent
Grocer in Publika. The fair boasts a gener-
ous spread of your favourite goodies from
the Northern Japanese island, as well as a
Bento Workshop at 10.30am on Jan 6, and
an Origami Geisha Doll Workshop at 1.30pm
on Jan 13. Don’t hold back with the shop-
ping, as spending a minimum of RM200 in
a single receipt gives you a shot in the lucky
draw to win a pair of tickets to Hokkaido, racing colt. This rich, powerful whiskey is Scotch. With the Extravaganza, Glaser
Japan. The Hokkaido Fair is on until Jan 14
Each bottle on this list is distilled out of the Killbeggan Distillery created something very similar to the
at the flagship store of Ben’s Independent and spends a minimum of 16 years in original, but this time augmented with
Grocer in Publika, Jalan Dutamas 1, Solaris
worthy of an unforgettable ex-bourbon barrels. The long finish and old sherried single malts that resulted
Dutamas, Kuala Lumpur. To register for the deep complexity are enhanced with just in a lovely balance of complex spiciness
workshops or the lucky draw, visit the B.I.G.
investigation a small splash of water. and round sweetness.
Helpdesk in Publika. For further enquiries, Compass Box Spice Tree Extravaganza, One of the strangest and most deli-
email contactus@big.com.my. BY J O HN DE BARY from master Scotch blender John Glaser, cious releases last year was Akashi Ume,

IF your new year’s resolution is to either boost
your confidence, pick up a new skill, or just
to learn to relax and have some fun, then
Sid’s Pub in Bangsar South is the place for
you tonight. Enjoy social dancing with Blues
Dancing KL’s Wednesday Night Blues, where
you’ll find yourself swinging and moving to
upbeat blues music all night long. Don’t
worry even if you are a beginner, for all you
have to do is join in the taster class at 9pm
to get into the groove. Sid’s Pub is located
in The Village, Bangsar South, Jalan 1/112H,
Off Jalan Kerinchi, Kuala Lumpur. Register
for taster classes at the counter by 9pm. Ad-
mission is free, although patrons are encour-
aged to purchase drinks or food. For more
information, call (03) 2287 7437.
N
was released last year to celebrate the 10- a bottle that combines Akashi’s “White
o matter how you choose to year anniversary of the Scotch Whisky Oak” whisky blend with macerated Jap-
remember the year 2017, Association banning his original Spice anese Ume plums. It’s a lot sweeter than
it was a banner 12-month Tree — it used fresh oak staves from most whiskies, and some drinkers might
run for drinking connois- France during ageing, a big no-no for CON T I N U ES N EX T PAGE
seurs. Here, we’ve collect-
ed a sampling of liquors
that came into the world last year — spir-
its that are either delightfully delicious,
distractingly daring, or both.
If you’re looking for some fresh ideas
to start off 2018, each bottle on this list is
worthy of an unforgettable investigation.
The brown liquors
Consider Little Book a newborn sibling
to the blockbuster that is Booker’s. This
is the first release by Freddie Noe, the
30-year-old, eighth-generation descend-
ant of Jim Beam founder Jacob Beam,
who has crafted a blend of four-year-
old straight bourbon, 13-year-old corn
whiskey, plus malt and rye whiskeys.
The result is a unique American sipper
with heavy notes of vanilla coupled with
tropical fruits and floral hints.
Also new from spirits giant Beam
Suntory is the 16-year-old version of
Tyrconnell, named after a famous Irish
1

WED N E S DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
01. (From left) Little Book, Tyrconnell 16,
Compass Box Spice Tree Extravaganza,
and Akashi Ume.
02. (From left) Polugar No 3 vodka, La
Gritona tequila, Street Pumas gin,
Arette Artesenal Suave tequila, and
Mezcal de Leyenda Grandes Unicos.
03. (From left) Lustau Vermut Blanco, Two
James Doctor Bird rum, Singani 63,
and Arcane Fernet.
F ROM P RE V I O U S PAG E
be tempted to consider this a liqueur. But
at 30.5% alcohol by volume (ABV) with vi-
brant acidity, Akashi Ume can stand alone
on the rocks or with a splash of soda. It
also mixes well in a simple highball or a
sour cocktail.
The clear choices
Vodka is often the odd man out in the cur-
rent craze for artisanal spirits. Polugar, an
ancient type of spirit more akin to Russian
“bread wine”, isn’t even technically vodka:
It’s more often thought of as its forefather,
and a brother to whiskey. Though released
in 2014, the brand’s line of infused spirits
started gaining traction last year. Polugar
No 3 is distilled from a base of rye and then
redistilled with caraway and coriander.
Think of it as a love child between unaged
whiskey, vodka, and aquavit that works
best in a Bloody Mary, martini, negroni,
or just on the rocks.
Distilled in the highlands of Jalisco by
Melly Cardenas, one of the few female te-
quila distillers, La Gritona tequila might
look a bit paler in colour than many others
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
on the market. That’s due in part to the
fact that she lightly re-chars the bourbon
barrels before resting the tequila for eight
months. This reposado allows refreshing
and vegetal notes of the agave to shine
through, making it excellent for sipping
but also versatile in cocktails, whether a
traditionally tequila concoction such as a
Paloma or a refreshing take on the negroni.
Last year may be remembered as the
year that well spirits started to go high-
end. Case in point: The new well line
Street Pumas, custom-distilled in Spain
with juniper, coriander, angelica, lemon
peel, sweet orange peel, and bitter orange
peel, blows the cheap stuff out of the wa-
ter. The bottles even come with a comic
book-inspired label created by artist Zak
Hartong and designed by William Bahan.
The well-established lowland producer
Arette has been making excellent tequila
for years, but 2017 was the year that its Ar-
tesanal Suave Tequila Blanco was released
in the US. The herbal, vegetal, somewhat
savory blanco is best for sipping with a
small ice cube, but it would bring a lovely
earthiness to your next margarita.
Made from the rare and wild Montana
agave varietal, only 369 bottles of the fan-
tastically complex Mezcal de Leyenda
Grandes Unicos exist in the world. This
mezcal has smokiness that is also sur-
prisingly slightly peaty, with dark green
herbal overtones. Sipping neat is the only
way to go with this one.
The avant-garde options
Lustau has been making sherries for
over a century, but this year, the Jerez,
Spain-based winery released Lustau
Vermut Blanco, a white vermouth that
rivals similar offerings from France and
Italy. Fino sherry and Moscatel wine
are infused with wormwood, gentian,
rosemary, orange peel, marjoram and
chamomile; the result is unlike anything
you’ve ever tasted in your dry martini.
This one might even be best appreciated
with minimal mixing — at most some ice
and a splash of soda.
When talking rum, the word “funky”
gets thrown around a lot. Two James Doc-
tor Bird, distilled in Jamaica and finished
in Moscatel barrels in Detroit, is one of
live it! 21
PHOTOS BY BLOOMBERG
the few that really earns that description.
A wine-barrel finish gives it a bouquet of
otherworldly tropical fruit notes that will
reward the more adventuresome sippers
among us. But at 50% ABV, this is also a
rum that begs to be mixed into tropical
and tiki cocktails.
Singani 63 has been produced in the
Bolivian Andes for nearly five centuries.
But it hasn’t been widely available in the
US until now. Distilled from the thick-
skinned muscat grape and rested in stain-
less steel for nine months, this fresh, spicy
floral spirit lends itself perfectly to bright,
citrusy cocktails. Try subbing it for gin in
a Corpse Reviver #2.
Many traditional digestives can be
cloying and overpoweringly bitter, ren-
dering them largely inaccessible to more
sensitive palates. Arcane Fernet trades
the sugar for peppermint and adds three
varieties of hop flowers — as well as an
equal number of citrus types — for an
added dimension of bright bitterness. The
Brooklyn-made spirit only has a glancing
similarity to Fernet Branca. And that’s a
good thing. — Bloomberg
22 F E AT U R E
Asian factories end 2017
on mixed note
Central banks seen hiking slowly as a synchronised global growth looks set to continue
BY M A R IU S ZA H A RI A
A
sia’s factories end-
ed a strong 2017 on
a mixed note, with
activity at multi-year
highs in Taiwan and
surprisingly pick-
ing up in China, but contracting
in some economies in a sign that
any interest rate hikes in the region
will be slow and gradual. A trend
of synchronised global growth that
became apparent last year looks set
to continue, with activity surveys
in the eurozone and the US later
in the day expected to post strong
readings.
In China, manufacturing growth
unexpectedly picked up to a four-
month high in December amid a
surge in new orders, suggesting
continued strength in global trade.
The Caixin/Markit Manufacturing
Purchasing Managers’ Index (PMI)
rose to 51.5 last month, from 50.8
in November, and far outpaced
economists’ expectations of a dip
to 50.6. The 50-mark divides expan-
sion from contraction on a month-
ly basis.
N Korea’s Olympic overture seen as blunting int’l pressure
BY JO S H SMI TH
& DAVID BRUNNSTROM
AFTER a year of threats and weap-
on advances, North Korea’s leader
appears to be using the upcoming
Winter Olympic Games in South
Korea as a tool to blunt growing in-
ternational pressure on his regime
while leaving his nuclear arsenal
untouched. Kim Jong-un, in his an-
nual New Year’s Day speech, called
for reduced tensions on the Korean
peninsula and flagged the North’s
possible participation in the Games
next month, just across the border
in Pyeongchang.
South Korea has been eager to
involve North Korea to ensure the
Games are not disrupted by any fur-
ther nuclear or missile tests and as a
way of re-establishing dialogue with
the reclusive state. Analysts say Kim’s the full cooperation of China, Rus-
gambit is aimed at driving a wedge
between Seoul and Washington,
which has advocated a strategy of
maximum pressure and insisted
that all options, including military
ones, are on the table.
However, the move also targets
the broader international consen-
sus involving major players China,
Russia and Japan that has tightened
sanctions and deepened isolation ‘Absurd overture’
for North Korea in recent months. South Korea’s government publicly
“A major part of the Kim family play- welcomes Kim’s overture, and Pres-
Yesterday’s survey, which
pushed Asian shares to their high-
est in a decade, was somewhat at
odds with a much larger official
China PMI survey on Sunday. It
showed a slowdown in growth
amid a crackdown on pollution
and measures to curb risky financ-
ing and cool the housing market.
Analysts say the difference stems
from the Caixin/PMI index that
tracks smaller private firms, more
sensitive to exports.
A China slowdown
China is expected to have grown
close to 7% in 2017, but the world’s
second-largest economy is like-
ly to slow in the new year due to
the aforementioned measures as
policy priorities at October’s key
Communist Party congress. Beijing
is expected to target 2018 growth
at around 6.5%. “We anticipate
further weakness in the coming
quarters as tighter monetary con-
ditions continue to weigh on eco-
nomic activity,” Capital Econom-
ics senior China economist Julian
Evans-Pritchard said. For the rest
of Asia, the pace of rate increases
is unlikely to match that of the US
Federal Reserve (Fed), seen hiking
two or three times in 2018.
book is to exploit and widen the di-
vergences in the interests, in the first
instance between the US and South
Korea, but more broadly among the
five major neighbours,” said Daniel
Russel, top US diplomat for East Asia
until last April and is now based at
the Asia Society Policy Institute.
North Korea has long followed
such a strategy of intense provo-
cations before conciliatory phas-
es aimed at exposing rifts, he said.
“This is a classic ‘united we stand,
divided we fall’ situation,” Russel
said. “It’s always easier to maintain
a five-party solidarity when North
Korea is behaving badly.”
US President Donald Trump has
led a drive to step up global sanctions
on North Korea as it seeks to devel-
op nuclear-tipped missiles capable
of hitting the US. Washington says
sia and other countries is vital to the
success of this effort, which includes
significant restrictions on trade and
other ties with North Korea. China,
which remains North Korea’s major
partner, has curtailed trade in line
with the United Nations’ sanctions,
but Washington has called for it to
do more to isolate Pyongyang.
A filepic of workers at a factory in the Keihin industrial zone in Kawasaki. For the rest of
Asia, the pace of rate increases is unlikely to match that of the Fed. Photo by Reuters
Lagging the Fed?
“Monetary policy will likely lag the
Fed’s for a while, with only a few
rate hikes here and there across
the region over two years,” HSBC
analysts said in a note. In Novem-
ber, the Bank of Korea raised inter-
est rates for the first time in more
than six years to 1.5%, becoming
the first major Asian central bank
Analysts say Kim’s
gambit is aimed
at driving a wedge
between Seoul and
Washington.
ident Moon Jae-in has pushed to
ease tensions ahead of the Games
by postponing joint military drills
with American troops until after the
Olympics. Moon also said yesterday
the improvement of inter-Korean
ties is linked to resolving North Ko-
rea’s nuclear programme. The White
House has yet to make a detailed
response. However, powerful Sena-
tor Lindsey Graham suggested that
the US would boycott the Games if
North Korea attends.
“Allowing Kim Jong-un’s North
Korea to participate in the Winter
Olympics would give legitimacy to
the most illegitimate regime on the
planet,” Graham said on Twitter. “I’m
confident South Korea will reject this
absurd overture and fully believe that
if North Korea goes to the Winter
Olympics, we do not.” Graham un-
successfully called for a boycott of
the previous Winter Olympics in So-
chi over Russia’s granting of asylum
WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
to hike since 2014. It is expected to
be joined by Malaysia and the Phil-
ippines early this year and Australia
and New Zealand later on.
Riding a tech boom
On Sunday, South Korea’s central
bank chief said monetary policy
should remain accommodative
as inflationary pressures remain
to the US National Security Agency
leaker Edward Snowden.
The spectacle of North Korean
athletes and officials participating
in Olympic events may create some
awkward moments for internation-
al leaders who have spent months
painting the country as a pariah state,Kim vowed he would spend 2018
South Korea’s Pusan National Uni-
versity professor Robert Kelly said.
“It puts the South Koreans in a weird to the efforts for deploying them for
position because it potentially cre-
ates tension between the US and
Japan which have gone to lengths
to isolate the regime,” he said. Ja-
pan’s relationship with South Ko-
rea is already seen as under some
strain, with one former Japanese
diplomat saying Tokyo is suffering
from “fatigue” with Seoul and lack-
ing confidence in Moon.
Still, analysts are sceptical Kim’sdeployment, and increased readi-
gambit would do lasting damage
to the alliance between Seoul and
Washington, or to the international
push for sanctions. “I doubt there
will be a substantial reversal in glob-in testing as a precondition for talks,
al economic and political isolation
measures in the near term,” the US
think tank Council on Foreign Re-
lations director of US-Korea policy
Scott Snyder said.
More missile tests
At the heart of analysts’ scepticism unbridled North Korean weapon
is Kim’s apparent lack of appetite for development continues.” — Reuters
weak. Factory activity, riding a
global tech boom, contracted in
December, dropping from a 4½-
year high in November, the Nikkei/
Markit survey showed. Another ma-
jor technology producer, Taiwan,
saw manufacturing activity hitting
its highest since April 2011 at 56.6
last month, according to a survey.
Singapore, emerging last year as
a player in the electronics industry,
yesterday posted slower econom-
ic growth in the fourth quarter as
manufacturing shrank 11.5% fol-
lowing an eye-popping 38% jump
in the previous three months. Full-
year growth, however, was still the
fastest in three years at 3.5%, rais-
ing the possibility that the Mone-
tary Authority of Singapore (MAS)
could tighten its exchange rate-
based policy this year. “Given ro-
bust GDP (gross domestic product)
growth and inflation upside risk,
we think MAS will shift and tight-
en to a ‘mild appreciation bias’ at
the April meeting,” Maybank Kim
Eng economist Chua Hak Bin said.
December factory activity ac-
celerated in Vietnam, but shrank
marginally in Malaysia and Indo-
nesia. A similar survey for India
was published late yesterday. —
Reuters
compromise on the main points of
nuclear weapons, missile testing,
or human rights. “Participation in
things like the Olympics are pseu-
do-concessions, because the North
doesn’t actually have to give up an-
ything,” Kelly said. In his speech,
“mass-producing nuclear warheads
and ballistic missiles” to “give a spur
action”.
That means further missile tests
are almost certain, with more focus
on “realistic” exercises than devel-
opmental tests, Middlebury Insti-
tute of International Studies senior
researcher Joshua Pollack said in
California. “The major theme here
for strategic forces is shifting from
development to serial production,
ness,” he said.
If the US wants to take advantage
of any possible easing in tensions, it
needs to drop its demands for a halt
Northeast Asia Cooperative Securi-
ty Project director Leon Sigal said in
New York. “The most important re-
ciprocal step would be to scale back
— not [just] postpone — the spring
joint exercises,” he said. “Failure to
try these steps will only ensure that
WED N ES DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Man Utd lifts Mourinho
Liverpool leaves it late to snatch victory at Burnley
BY S T EVEN G RI FFI THS
LONDON: Manchester United put a
smile back on Jose Mourinho’s face
as fine goals from Anthony Martial
and Jesse Lingard sealed a 2-0 win
over Everton, while Liverpool left it
late to snatch a 2-1 victory at Burn-
ley on Monday.
Martial started in the absence of
the injured Romelu Lukaku and the
United forward broke the deadlock
in the 57th minute at Goodison Park.
Paul Pogba teed up Martial on
the edge of the area and he stroked
a sublime finish into the top corner
for his ninth goal of the season.
Having struggled towards the
end of 2017, United was more com-
manding in its first match of the
new year and Lingard wrapped up
the points with a superb solo strike
in the 81st minute.
The winger beat several Everton
players before curling home from
20 yards (18.29m) for his fourth
goal in his last five appearances.
It was a welcome tonic for Mour-
inho amid reports the United man-
ager was beginning to lose the sup-
port of his players after branding
them “childish” and “immature”
and admitting the squad needs
major investment to catch City.
United moved back into second
place in the Premier League after
Klopp quashes renewed
talk of Coutinho sale
BY T I M OT H Y A B RA H A M
BURNLEY: Jurgen Klopp insists
Philippe Coutinho was genuinely
injured for Liverpool’s 2-1 win at
Burnley as he laughed off talk of the
Brazil forward joining Barcelona.
Coutinho missed Monday’s Pre-
mier League fixture at Turf Moor
with a thigh injury amid a back-
drop of speculation over a move
to the Nou Camp in the January
transfer window.
The rumours were fuelled fur-
ther by pictures — subsequently
removed — of a Barcelona shirt with
Coutinho’s name appearing on the
Wenger promises star duo will be
replaced by class acts
LONDON: Arsene Wenger moved
to allay the fears of Arsenal fans
yesterday saying he would replace
both Alexis Sanchez and Mesut Ozil
with world-class players should
they end up leaving.
Both Sanchez, who came close to
moving to Manchester City on the
final day of the last transfer window
in August, and Ozil’s contracts are
up at the end of the present season.
Sanchez’s attitude and com-
Martial (left) watching his shot go into the net for United’s first goal of the Premier League match between Everton and United at the
Goodison Park stadium in Liverpool, the UK on Monday. Photo by Reuters
ending a frustrating run of three
successive draws during the con-
gested Christmas period.
With Philippe Coutinho and Mo-
hamed Salah missing due to thigh
and groin injuries respectively and
Roberto Firmino left on the bench,
Sadio Mane was the lone member
of Liverpool’s “Fab Four” to start at
rain-lashed Turf Moor.
Senegal winger Mane showed
Liverpool could thrive without his
website of Nike, the Catalan club’s
kit manufacturer, over the weekend.
However, Reds boss Klopp
claimed there was nothing un-
toward behind the 25-year-old’s
absence from Liverpool’s squad
at Turf Moor as he responded to
questions about the Nike pictures.
“I heard about it. Somebody
told me and I thought ‘wow’. But
I couldn’t be less interested in an-
ything in the world!” Klopp said.
“Him (Coutinho) and Mohamed
[Salah] are injured, not massively
but enough for today (Monday),
no chance and at least a doubt for
Everton.” — AFP
mitment to the club have been
questioned by fans and some of
his teammates did not congrat-
ulate the 29-year-old Chilean af-
ter he scored a double in the 3-2
Premier League win over Crystal
Palace last Thursday.
Wenger, whose transfer dealings
have been a sore point with sections
of the Arsenal support, said he would
also be on the lookout for players in
the present transfer window. — AFP
star teammates as he opened the
scoring in the 61st minute, hammer-
ing home from the edge of the area
for his eighth club goal this season.
Burnley equalised with just three
minutes left as Sam Vokes flicked
on and Johann Gudmundsson
pounced to slot home.
But Liverpool’s Dejan Lovren
headed on a free kick four minutes
into stoppage time and Estonia
defender Ragnar Klavan poked
European football’s spending
splurge will intensify
BY LI AM P RO U D
LONDON: Football fans have
found a topic as contentious as
refereeing decisions: eye-wa-
tering transfer fees. The €222
million that Paris St Germain
paid Barcelona for Brazilian
star Neymar in August — a sum
described by Arsenal manag-
er Arsène Wenger as “beyond
rationality” — may not be sur-
passed in 2018. Nonetheless,
clubs will have good reason to
open their chequebooks even
wider.
Talk of a bubble is under-
standable. The 20 clubs in Eng-
land’s Premier League splashed
out £1.4 billion on players in
the summer of 2017, according
to accountancy firm Deloitte
— almost a quarter more than
in the previous year. Fifa, the
sport’s governing body, reckons
clubs worldwide spent US$4.7
billion between June and the
end of August, almost equal to
the whole of 2016.
Wasteful spending, mean-
while, seems to be rife across
leagues in England, Spain, Ger-
many, Italy, and France. Con-
sultants at 21st Club reckon just
56% of the players who became
their club’s most expensive sign-
ing went on to become a “core”
member of the squad, which
means starting more than half of
home from close range.
Liverpool’s third successive win
extended its unbeaten league run
to 13 games as it cemented its place
in the top four.
“A very difficult game, the weath-
er made it so hard, windy, rainy,”
Klopp said.
“This is one of the toughest plac-
es to play all season. Did we de-
serve to win? I don’t care. We got
the three points.” — AFP
matches in the subsequent season.
But the largesse is grounded
in commercial logic. The Premier
League’s gross player spending in
the summer was 31% of estimated
full-year revenue. That’s not much
higher than the average of 27%
since 2003 — including the more
modest amounts clubs spend in
January. Utilities and entertain-
ment-software companies deploy
similar proportions of their sales
on capital expenditure, according
to New York University data.
Income from broadcasting
rights, meanwhile, keeps soar-
ing. Media and telecom groups
have long been locked in a battle
for exclusive TV content. Some
combatants, like Britain’s BT and
Altice in France, are fighting with
diminished resources. But tech gi-
ants, eager to attract eyeballs, may
open a new digital front. Amazon
recently beat Sky for the right to
broadcast ATP World Tour tennis
matches, while Facebook made an
ultimately unsuccessful US$600
million (RM2.41 billion) bid for an
Indian cricket tournament.
The prospect of deep-pocketed
tech giants entering the battle for
football rights is not lost on clubs:
Manchester United executive Ed
Woodward said on a recent call
clubs would “welcome the inter-
est”. That gives them little reason
to slow their spending splurge in
2018. — Reuters
S P O RT S 2 3
IN BRIEF
Mourinho hits back
at former player Scholes
over Pogba criticism
LIVERPOOL: Jose Mourinho
lashed out at Manchester Unit-
ed great Paul Scholes on Mon-
day after the former player’s
recent criticism of Paul Pog-
ba and said the France mid-
fielder always gave everything
even if it did not always pay
dividends. Scholes criticised
Pogba for “strolling” during
United’s drab goalless draw
with Southampton on Satur-
day. “Paul tries to do his best
all the time and sometimes
he plays very well, sometimes
he plays well, sometimes he
doesn’t play so well, but it’s
not Paul’s fault that he makes
much more money than Paul
Scholes,” Mourinho told a
news conference. — Reuters
Lukaku set to return
for FA Cup opener
against Derby
BENGALURU: Manchester
United striker Romelu Luka-
ku could return to action for the
club’s opening FA Cup fixture
at home against Derby County
on Friday, the Premier League
side’s manager Jose Mourin-
ho has said. The 24-year-old
missed United’s 2-0 league win
at Everton on Monday after sus-
taining a head injury during last
weekend’s goalless draw with
Southampton. “Maybe Romelu
can play [against Derby]. It was
a precaution by the doctor, it
was following the rules to pro-
tect the situation,” Mourinho
told reporters after the win at
Goodison Park.
Leicester manager
to ask Mahrez to
clarify future
LONDON: Leicester City’s Alge-
rian star Riyad Mahrez is to be
asked by club manager Claude
Puel where he believes his fu-
ture lies. The 26-year-old’s per-
formance in the 3-0 Premier
League win over Huddersfield
Town on Monday, in which he
opened the scoring and set up
Islam Slimani for the second,
had Puel purring. “It was a fan-
tastic game for Riyad,” said Puel
of Mahrez’s performance agi-
anst Huddersfield. “I like this
player and I’d like to keep our
best players. We will ask him
the question,” added Puel re-
garding his future plans. — AFP
Jesus faces long
Man City lay-off with
ligament injury
LONDON: Manchester City
striker Gabriel Jesus could be
facing up to three months on
the sidelines after the club re-
vealed he had suffered a knee
ligament injury in Sunday’s
draw with Crystal Palace. The
20-year-old Brazilian — who
sat out two months of last sea-
son with a metatarsal injury
— will undergo a scan to as-
certain the severity of the lig-
ament damage. Serious liga-
ment injuries can see players
miss three months with less
serious ones requiring three to
six weeks to heal. — AFP
2 4 S P O RT S
South Korea offers talks with
North ahead of Olympics
But Kim will still push ahead with ‘mass producing’ nuclear warheads
BY C H R I S T I NE KI M
SEOUL: South Korea yesterday of-
fered talks with North Korea amid
a stand-off over its weapon pro-
grammes, a day after North Korean
leader Kim Jong-un said he was open
to negotiations but that his country
would push ahead with “mass pro-
ducing” nuclear warheads.
“We look forward to candidly
discussing interests from both sides
face-to-face with North Korea along
with the North’s participation in the
Pyeongchang Winter Olympics,”
Unification Minister Cho Myong-
gyon told reporters.
“I repeat, the government is open
to talking with North Korea, regard-
less of time, location and form.”
Cho said he expects the dialogue
at the border village of Panmunjom,
if it happens, to be focused on North
Korea’s participation at the Olym-
pics in February, but other issues
would likely arise, including the
denuclearisation of North Korea.
Should the talks be held next
Tuesday, it would be the first such
dialogue since a vice-ministerial
meeting in December 2015.
The offer landed after a New
Year’s Day speech by Kim who
said he was “open to dialogue” with
Seoul, and for North Korean athletes
to possibly take part in the Winter
Games, but he persistently declared
North Korea a nuclear power.
After welcoming Kim’s address,
South Korean President Moon Jae-
in had asked his government ear-
lier in the day to move as quickly
as possible to bring North Korea to
Brisbane too hot — Muguruza, Murray withdraw
BRISBANE: World No 2 Garbine
Muguruza suffered a fitness scare
ahead of this month’s Australian
Open when she was forced to retire
from the Brisbane International
yesterday with severe cramping.
Wimbledon champion Mugu-
ruza was ahead 2-1 in the decid-
ing set against Serbia’s Aleksandra
Krunic in the second round of
the warm-up tournament for the
season’s first Grand Slam event,
when she collapsed to the ground
Top seed Thiem wins opening match in Qatar
DOHA: Qatar Open top seed, Austria’s
Dominic Thiem, won a hard-fought
opening-round match in Doha on
Monday, beating Russia’s Evgeny
Donskoy in straight sets 7-6 (7/3), 6-3.
The world No 5 was pushed hard
by his opponent, especially in the
first set where Donskoy threatened
an early upset.
the Olympics.
The offer for high-level talks
next Tuesday had been discussed
with the US, the South’s unification
minister said, while a decision on
following a serve.
The Spanish top seed was un-
able to continue and handed the
match to Krunic 5-7, 7-6 (7/3), 2-1.
“I felt in trouble in the second
set when I was 2-0 up,” Muguruza
said. “I started to feel my calves
were cramping.”
Muguruza had won a tight first
set and appeared heading for a
straight sets win over Krunic when
she opened up a 5-2 lead in the
second.
But he won in a tiebreak, before
breaking the Russian’s serve twice
in the second set, in the sixth and
ninth games, to claim victory.
Thiem, one of the players pre-
dicted to break through this year
amid injury concerns for the game’s
traditional big stars, hit more than
30 winners to secure his passage
whether to push back a massive
joint military drill between South
Korea and the US until after the
Winter Olympics was pending.
Kim said in his speech on Monday
However, she began to strug-
gle in the 30°C (86°F) heat and
oppressive humidity as Krunic
fought back to win the second set
on a tiebreak.
Muguruza received treatment
from the physio on court before the
start of the decider and broke Kru-
nic only to collapse while serving
to consolidate the service break.
“I continued to think that with
the match they (cramps) might
go away, and then they were in-
into the second round.
Afterwards, he denied there was
more pressure on players such as
himself to succeed this year, be-
cause of injuries to Rafa Nadal,
Novak Djokovic and Andy Murray
and an ageing Roger Federer.
“It was the same situation last year,
and then Roger and Rafa came out
WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY
he would consider sending a delega-
tion to the Olympics but would focus
in 2018 on “mass-producing nuclear
warheads and ballistic missiles for
operational deployment”. — Reuters
creasing, increasing. And then I
had a lot of my body cramping,”
Muguruza said.
The loss ends any hope Mugu-
ruza had of leapfrogging Simona
Halep and becoming world No 1
before the seedings are decided for
the Australian Open, which begins
on Jan 15.
Krunic will now play Anastasija
Sevastova after the seventh-seeded
Latvian crushed Sorana Cirstea of
Romania 6-2, 6-1. — AFP
like rockets and dominated the sea-
son,” the 24-year-old told reporters.
“I think it can happen the same
this year. If they come back strong,
it can happen the same.
“I want to do the best for myself
and also watch out that I avoid the
injuries myself and don’t look too
much who is out or who is in.” — AFP
IN BRIEF
Sock injured, veteran
Cash back on court in
chaotic Hopman match
PERTH: World No 8 Jack Sock’s
Australian Open preparation
suffered a setback when he was
injured at the Hopman Cup in
Perth yesterday, resulting in a
surprise call-up for Australian
veteran Pat Cash as a substi-
tute. On a chaotic day, Sock
retired early in the second set
of his men’s singles clash with
Yuichi Sugita, having injured
his hip during his loss in the
first set tiebreaker at the mixed
teams tournament. Earlier, Ja-
pan’s Naomi Osaka had with-
drawn from her singles match
with CoCo Vandeweghe due to
illness. The injury and illnesses
meant the US were awarded
the match 2-1 via two walkover
wins in the women’s singles
and mixed doubles. — AFP
French Open champ
Ostapenko suffers
defeat in Shenzhen
SHENZHEN: French Open
champion Jelena Ostapenko
slumped to a shock defeat in
the first round of the Shenzhen
Open yesterday only days after
beating Serena Williams in the
American’s comeback match.
No 2 seed Ostapenko of Latvia
lost to the big-serving Czech
Krystina Pliskova 6-1, 6-4 in just
an hour and 20 minutes. Os-
tapenko had beaten Williams
via a super tiebreak 6-2, 3-6,
10-5 in Abu Dhabi last Satur-
day, but she had no answer to
the power of Pliskova, identi-
cal twin sister of former world
No 1 Karolina. Pliskova, third
on the WTA Tour’s ace charts
last season, raced out to a 5-0
lead to start the match. — AFP
Gionta, Bourque to lead
Team USA in Pyeongchang
LOS ANGELES: Former New
Jersey Devil forward Brian
Gionta will lead a group of
journeymen players who will
compete for the US in the 2018
Winter Olympic men’s hockey
tournament next month. Gion-
ta, who competed in the 2006
Winter Olympics, was named
captain of the American team
for the Pyeongchang Winter
Games, which will be the first
without players from the Na-
tional Hockey League since
1994. Team USA, which will be
coached by former NHL play-
er Tony Granato, was official-
ly named on Monday. — AFP
Wozniacki cruises in Auck-
land, other seeds struggle
AUCKLAND: Top seed Caroline
Wozniacki cruised through to
the second round of the WTA
Auckland Classic yesterday but
other seeded players struggled
in their opening matches of the
new year. The third and fourth
seeds Barbora Strycova and Ag-
nieszka Radwanska were both
pushed to three sets, as was
No 2 seed Julia Goerges on the
rain-disrupted previous day.
The other four seeds, including
defending champion and fifth
seed Lauren Davis, were all elim-
inated in the first round. — AFP
WED N ES DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.495 0.065 0.370 0.360 9954 AKNIGHT 0.360 UNCH 10.1 0.361 — — 20.9
Sectorial Movement 1.694 0.850 0.865 0.850 2674 ALCOM 0.850 -0.010 114.9 0.860 7.35 24.12 114.2
1.070 0.320 0.545 0.525 4758 ANCOM 0.540 0.010 516.1 0.537 6.50 — 118.2
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 3.980 2.046 3.930 3.870 6556 ANNJOO 3.900 0.040 814 3.896 10.02 2.69 2,099.4
0.551 0.075 0.090 0.085 9342 ANZO 0.090 0.005 5169.3 0.085 150.0 — 79.3
KLSE COMPOSITE 1,782.70 -14.11 -0.79 TECHNOLOGY 42.09 0.23 0.55
1.160 0.855 — — 5568 APB 0.945 — — — 27.96 6.88 106.7
KLSE INDUSTRIAL 3,269.52 -11.18 -0.34 FTSE BURSA 100 12,488.41 -125.79 -1.00 4.090 3.272 3.650 3.650 5015 APM 3.650 0.060 1 3.650 17.24 3.97 735.8
CONSUMER PRODUCT 638.83 -7.64 -1.18 FTSE BURSA MID 70 15,835.27 -250.27 -1.56 1.194 0.865 0.880 0.870 7214 ARANK 0.875 UNCH 184.8 0.878 7.06 3.71 105.0
1.290 0.676 1.010 0.990 7162 ASTINO 1.010 UNCH 750.4 0.997 7.19 0.99 276.9
INDUSTRIAL PRODUCT 176.49 1.65 0.94 FTSE BURSA SMALL CAP 17,125.47 74.60 0.44
1.185 0.483 0.930 0.905 7099 ATTA 0.915 0.005 1007.7 0.917 3.87 8.63 139.8
CONSTRUCTION 309.57 -2.96 -0.95 FTSE BURSA FLEDGLING 18,645.64 120.70 0.65 0.625 0.230 0.235 0.235 7181 ATURMJU 0.235 0.005 186.7 0.235 — — 14.4
TRADE & SERVICES 233.39 -0.19 -0.08 FTSE BURSA EMAS 12,826.96 -115.61 -0.89 2.522 1.710 1.790 1.710 8133 BHIC 1.750 -0.080 38.9 1.753 4.86 2.86 434.8
0.570 0.350 0.395 0.385 7005 BIG 0.395 0.035 19.7 0.389 — — 19.0
KLSE FINANCIAL 16,811.60 -49.78 -0.30 FTSE BUR M’SIA ACE 6,712.03 108.48 1.64
0.580 0.110 0.495 0.480 7187 BKOON 0.480 -0.005 134 0.484 150.0 — 137.6
KLSE PROPERTY 1,205.05 -21.81 -1.78 FTSE BUR EMAS SHARIAH 13,173.59 -129.33 -0.97 1.091 0.742 0.825 0.815 0168 BOILERM 0.815 -0.010 137.7 0.815 18.78 1.84 420.5
KLSE PLANTATION 7,914.38 11.01 0.14 FTSE BUR HIJRAH SHARIAH 14,335.84 -192.35 -1.32 2.163 1.200 — — 6297 BOXPAK 1.250 — — — — — 150.1
1.531 1.080 1.110 1.100 5100 BPPLAS 1.110 0.010 20.2 1.108 15.59 7.21 208.3
KLSE MINING 575.50 Unch Unch FTSE/ASEAN 40 11,551.10 48.02 0.42
0.316 0.237 0.255 0.245 9938 BRIGHT 0.255 UNCH 188 0.250 — — 52.4
0.800 0.285 0.740 0.705 7221 BSLCORP 0.705 -0.025 14 0.713 20.20 — 69.1
0.365 0.230 — — 7188 BTM 0.245 — — — 45.37 — 31.5
3.489 2.660 2.900 2.700 5105 CANONE 2.900 0.010 110.3 2.856 7.87 1.38 557.2
0.035 0.005 — — 5229 CAP 0.010 — — — — — 13.6
2.168 1.730 1.800 1.760 7076 CBIP 1.760 -0.040 171 1.778 9.64 3.41 947.3

Bursa Malaysia Main Market 2.134 1.005 1.900

1.750 1.380
1.240 1.020
—
—
1.830
—
—
2879
8435
8044
CCM
CEPCO
CFM
1.860
1.460
1.130
0.010
—
—
415.8
—
—
1.861
—
—
37.73
—
—
8.06
—
—
311.9
65.4
46.3
1.896 1.452 1.830 1.790 5007 CHINWEL 1.790 -0.040 154.3 1.794 10.26 3.80 536.2
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 2.550 1.584 2.500 2.380 5797 CHOOBEE 2.500 0.120 548.1 2.456 7.66 2.40 274.8
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 1.150 0.920 — — 8052 CICB 1.030 — — — 24.58 — 51.5
CONSUMER PRODUCTS 0.075 0.040 0.045 0.045 7018 CME 0.045 0.005 0.1 0.045 — — 21.8
0.725 0.380 0.485 0.460 7120 ACOSTEC 0.465 -0.010 514.9 0.470 — — 82.7 4.628 3.300 3.850 3.770 2852 CMSB 3.850 -0.050 64.1 3.816 16.47 1.64 4,136.3
5.800 4.145 5.430 5.430 7090 AHEALTH 5.430 -0.170 1 5.430 16.56 2.12 636.1 0.600 0.280 — — 7986 CNASIA 0.495 — — — 0.97 — 22.5
24.759 12.716 21.460 21.100 2658 AJI 21.200 0.100 28.8 21.22 6.90 1.98 1,288.9 1.507 1.141 1.290 1.260 5071 COASTAL 1.270 UNCH 594.4 1.276 13.67 1.57 675.1
0.390 0.220 — — 7051 AMTEK 0.335 — — — — — 16.7 1.150 0.670 0.740 0.710 7195 COMCORP 0.730 0.020 775.6 0.726 9.52 — 102.2
5.202 4.400 4.450 4.430 6432 APOLLO 4.430 -0.020 7.8 4.443 22.98 5.64 354.4 1.220 0.645 1.190 1.170 2127 COMFORT 1.180 -0.010 3027.7 1.179 18.10 — 659.4
1.110 0.800 — — 7722 ASIABRN 0.835 — — — — — 66.1 2.156 1.470 1.570 1.540 5094 CSCSTEL 1.570 0.030 164.4 1.559 11.33 6.37 596.6
3.459 2.880 2.910 2.880 7129 ASIAFLE 2.900 0.010 73.7 2.892 9.02 — 564.8 0.829 0.645 0.660 0.660 7157 CYL 0.660 -0.005 33 0.660 52.80 6.06 66.0
48.735 34.060 38.700 37.540 4162 BAT 37.940 -2.060 192.3 37.96 15.45 5.35 10,833.0 0.405 0.305 0.315 0.310 5082 CYMAO 0.310 -0.005 31.3 0.313 — — 23.3
0.120 0.045 0.055 0.050 7243 BIOOSMO 0.055 0.005 4904.4 0.050 — — 43.7 2.348 1.782 2.290 2.260 8125 DAIBOCI 2.280 -0.010 26.6 2.272 31.15 1.91 747.6
0.718 0.485 0.530 0.510 9288 BONIA 0.525 0.020 1169.4 0.523 17.05 2.38 423.3 1.660 0.400 1.500 1.450 8176 DENKO 1.450 -0.030 216.6 1.469 — — 166.6
1.110 0.483 0.975 0.960 7174 CAB 0.965 0.015 674.5 0.964 6.45 0.33 601.9 0.460 0.220 0.365 0.355 7114 DNONCE 0.360 -0.005 185.2 0.358 29.27 — 66.4
0.860 0.380 0.840 0.810 7154 CAELY 0.825 -0.005 1635.9 0.820 37.67 1.21 66.0 0.435 0.185 0.220 0.210 5835 DOLMITE 0.210 0.010 39 0.212 — — 59.8
0.415 0.260 0.390 0.375 7128 CAMRES 0.375 -0.015 281.8 0.377 18.12 2.67 73.8 0.435 0.150 0.190 0.170 5265 DOLPHIN 0.190 0.015 1317.2 0.182 — — 46.4
16.000 13.190 15.240 15.180 2836 CARLSBG 15.180 -0.120 37.8 15.20 21.27 5.07 4,641.3 1.320 1.108 1.320 1.290 7169 DOMINAN 1.320 0.020 70.4 1.296 9.30 4.55 218.1
1.230 0.607 1.110 1.100 7035 CCK 1.100 UNCH 283.6 1.104 11.97 1.82 346.9 2.280 1.093 2.280 1.830 1619 DRBHCOM 2.260 0.430 62073.7 2.107 7.39 0.44 4,369.1
2.650 1.842 2.650 2.590 7148 CCMDBIO 2.620 0.090 692.1 2.612 18.65 2.48 730.9 1.582 0.652 1.240 1.170 7233 DUFU 1.230 0.060 1388 1.208 6.11 4.47 215.8
2.549 2.070 2.250 2.200 2828 CIHLDG 2.200 -0.080 40.5 2.220 10.78 3.64 356.4 0.866 0.640 0.675 0.665 8907 EG 0.670 0.005 397.7 0.671 6.23 — 178.5
0.130 0.020 0.130 0.120 5188 CNOUHUA 0.130 0.005 5618.3 0.127 — — 86.8 1.070 0.780 0.780 0.780 9016 EKSONS 0.780 -0.005 32 0.780 — — 128.1
3.200 1.927 2.620 2.620 7205 COCOLND 2.620 0.010 3.1 2.620 14.85 5.92 599.5 0.870 0.535 0.760 0.745 7217 EMETALL 0.750 0.005 692.8 0.752 7.55 3.33 141.2
1.906 1.600 1.690 1.640 7202 CSCENIC 1.640 -0.010 33.1 1.646 16.11 6.10 197.6 0.885 0.385 — — 7773 EPMB 0.500 — — — — — 83.0
0.095 0.010 — — 5214 CSL 0.010 — — — 1.27 — 12.4 0.997 0.645 0.675 0.660 5101 EVERGRN 0.665 0.015 2916 0.668 11.37 3.01 562.9
0.773 0.481 — — 9423 CWG 0.535 — — — 3.52 2.80 67.6 1.520 1.050 1.520 1.480 2984 FACBIND 1.510 0.030 181 1.508 14.76 2.65 128.6
0.050 0.025 0.035 0.030 7179 DBE 0.030 -0.005 23561.2 0.030 — — 80.3 2.862 2.236 2.690 2.630 7229 FAVCO 2.650 -0.080 49 2.648 8.08 5.66 586.7
1.040 0.807 — — 7119 DEGEM 1.040 — — — 13.02 2.40 139.4 0.780 0.507 0.600 0.600 0149 FIBON 0.600 UNCH 25 0.600 12.40 1.83 58.8
62.000 51.497 61.000 59.780 3026 DLADY 60.800 -1.200 2.2 60.68 28.92 1.64 3,891.2 2.221 1.871 2.070 2.050 3107 FIMACOR 2.050 -0.030 34 2.060 17.86 6.10 502.8
0.110 0.060 0.090 0.085 7182 EKA 0.085 UNCH 110 0.087 — — 26.5 1.870 1.220 1.260 1.250 5197 FLBHD 1.250 UNCH 113.5 1.250 6.82 — 129.0
0.360 0.220 0.235 0.230 9091 EMICO 0.235 UNCH 207 0.234 — — 22.5 0.679 0.480 0.500 0.480 5277 FPGROUP 0.480 -0.020 2119.2 0.488 22.97 1.48 248.6
1.823 1.300 — — 7149 ENGKAH 1.310 — — — 77.51 4.58 92.7 1.510 1.310 1.490 1.480 3611 GBH 1.480 -0.010 20 1.485 77.08 — 276.2
0.270 0.150 0.160 0.160 7208 EURO 0.160 UNCH 95 0.160 — — 42.8 2.620 1.540 1.680 1.660 7197 GESHEN 1.680 UNCH 56.1 1.669 8.57 — 134.4
0.760 0.625 0.730 0.670 7094 EUROSP 0.725 -0.005 28 0.706 58.00 — 32.2 0.085 0.040 0.050 0.045 5220 GLOTEC 0.050 UNCH 8607 0.045 — — 269.1
27.020 22.336 27.020 26.840 3689 F&N 26.860 -0.140 595.6 26.88 30.43 2.14 9,851.7 0.695 0.185 0.190 0.185 7192 GOODWAY 0.185 -0.010 6.2 0.189 — — 20.4
1.070 0.815 0.850 0.850 2755 FCW 0.850 UNCH 0.8 0.850 — 1.76 212.5 0.135 0.085 — — 7096 GPA 0.090 — — — — — 88.2
0.850 0.520 0.540 0.530 8605 FFHB 0.535 -0.010 54.9 0.537 12.53 2.24 58.3 0.425 0.260 0.265 0.260 5649 GPHAROS 0.265 UNCH 41 0.265 — — 35.7
1.980 0.809 1.980 1.760 9172 FPI 1.920 0.200 2422.7 1.899 13.85 3.13 474.9 0.250 0.175 0.205 0.195 0136 GREENYB 0.200 UNCH 18 0.196 — 1.50 66.7
1.100 0.800 0.830 0.800 7184 G3 0.830 0.010 92.3 0.816 — — 342.4 1.005 0.630 0.690 0.690 3247 GUH 0.690 -0.010 5.2 0.690 18.80 4.88 191.8
2.190 0.869 2.150 2.100 5102 GCB 2.140 0.010 284.3 2.125 16.76 1.17 1,027.5 1.180 0.250 0.945 0.920 5151 HALEX 0.920 UNCH 36.5 0.936 — — 97.5
3.050 2.334 2.960 2.960 5606 GOLDIS 2.960 UNCH 8 2.960 10.50 0.68 1,810.0 11.400 4.457 10.700 10.460 5168 HARTA 10.660 -0.020 533.7 10.57 48.02 0.94 17,620.0
0.135 0.030 0.095 0.095 5187 HBGLOB 0.095 0.005 10 0.095 19.39 — 44.5 19.200 2.020 18.000 16.300 4324 HENGYUAN 17.960 1.660 6275.2 17.22 5.77 — 5,388.0
19.500 14.938 19.040 18.900 3255 HEIM 19.040 0.140 43.3 18.95 20.46 6.04 5,751.9 1.727 1.130 1.200 1.160 5095 HEVEA 1.160 -0.030 1680.8 1.172 7.68 6.64 648.0
10.440 8.780 9.850 9.700 3301 HLIND 9.750 0.060 33.2 9.771 25.02 3.59 3,197.1 1.136 0.800 0.820 0.805 3298 HEXZA 0.815 -0.010 123.1 0.813 — 6.13 163.3
1.008 0.900 0.905 0.900 5160 HOMERIZ 0.905 UNCH 150 0.905 8.78 3.54 271.5 0.450 0.280 0.425 0.410 5072 HIAPTEK 0.420 0.010 4435.1 0.417 — — 554.3
0.380 0.240 0.380 0.375 7213 HOVID 0.375 UNCH 1033 0.375 — — 307.8 0.935 0.375 0.935 0.895 5199 HIBISCS 0.925 0.030 45112.3 0.921 36.27 — 1,428.1
1.237 1.061 1.090 1.090 5024 HUPSENG 1.090 UNCH 54.8 1.090 18.96 3.67 872.0 1.253 0.829 — — 7033 HIGHTEC 1.130 — — — 7.08 3.10 45.9
0.630 0.380 0.420 0.380 8478 HWATAI 0.420 0.035 1.2 0.387 150.00 — 31.4 1.020 0.680 — — 8443 HIL 0.790 — — — 15.71 1.58 263.9
4.760 1.756 2.020 1.940 5107 IQGROUP 1.980 -0.010 96.3 1.968 10.12 5.56 174.3 0.715 0.280 0.485 0.465 5165 HOKHENG 0.480 0.010 151.9 0.476 33.57 — 38.4
1.546 1.121 1.400 1.390 7152 JAYCORP 1.390 -0.010 44.9 1.395 7.59 7.91 190.8 0.465 0.020 0.435 0.405 2739 HUAAN 0.420 0.030 101040.5 0.419 — — 471.4
0.740 0.490 0.500 0.495 8931 JERASIA 0.500 0.005 57 0.499 13.89 — 41.0 2.869 2.100 2.160 2.110 5000 HUMEIND 2.150 -0.010 33.9 2.135 92.67 0.93 1,030.1
1.715 1.160 1.220 1.190 7167 JOHOTIN 1.200 -0.010 426 1.201 8.65 2.82 372.6 0.085 0.045 0.070 0.065 9601 HWGB 0.065 UNCH 2197.9 0.068 — — 64.9
2.501 1.200 1.300 1.280 5247 KAREX 1.290 -0.010 235.3 1.290 53.75 0.78 1,293.1 2.025 1.634 — — 7222 IMASPRO 1.810 — — — 33.64 1.93 144.8
3.800 2.900 3.010 2.940 7216 KAWAN 3.010 0.070 1.1 2.946 35.54 0.62 1,082.2 0.300 0.140 0.160 0.150 7183 IRETEX 0.155 0.005 475 0.154 — — 21.4
0.255 0.130 0.180 0.155 8303 KFM 0.155 -0.010 15.2 0.167 — — 10.6 0.085 0.050 0.060 0.055 7223 JADI 0.060 0.005 476.5 0.056 — — 56.5
0.920 0.700 — — 6203 KHEESAN 0.735 — — — 24.10 1.36 76.4 0.175 0.135 0.140 0.135 8648 JASKITA 0.135 -0.005 141 0.136 — 7.41 60.7
2.550 2.020 — — 7062 KHIND 2.020 — — — 36.53 0.50 80.9 1.120 0.920 1.040 1.020 7043 JMR 1.020 0.020 80 1.028 182.14 2.94 129.3
2.184 1.022 1.800 1.800 0002 KOTRA 1.800 UNCH 0.1 1.800 16.38 2.22 240.5 1.715 1.160 1.220 1.190 7167 JOHOTIN 1.200 -0.010 426 1.201 8.65 2.82 372.6
0.140 0.050 0.105 0.100 5172 KSTAR 0.100 -0.005 2741.4 0.100 — — 29.3 0.310 0.180 0.245 0.235 0054 KARYON 0.235 -0.005 500 0.236 21.36 1.28 111.8
5.839 4.000 4.360 4.260 7006 LATITUD 4.340 -0.030 53.9 4.346 6.66 2.76 421.9 0.772 0.565 — — 7199 KEINHIN 0.570 — — — 10.94 2.39 62.1
1.090 0.785 1.000 0.955 9385 LAYHONG 0.970 -0.030 266 0.972 19.09 0.52 590.5 0.500 0.300 0.370 0.350 6211 KIALIM 0.355 0.005 75.8 0.355 — — 22.0
0.395 0.266 0.375 0.350 8079 LEESK 0.370 0.020 663.4 0.364 12.09 2.70 62.1 3.080 2.860 3.000 2.990 3522 KIANJOO 2.990 -0.010 65 2.992 19.11 1.34 1,328.1
4.303 2.896 3.600 3.540 7089 LIIHEN 3.560 -0.040 357.8 3.563 8.30 4.49 640.8 2.315 1.370 1.430 1.410 5371 KIMHIN 1.430 0.010 134 1.421 9.57 4.20 222.5
0.820 0.650 0.690 0.650 7126 LONBISC 0.655 -0.010 229.8 0.657 14.18 — 122.2 0.075 0.005 0.010 0.005 5060 KINSTEL 0.005 -0.005 7303.2 0.009 — — 5.2
1.866 1.020 1.070 1.060 7085 LTKM 1.070 UNCH 5.1 1.070 27.23 2.80 139.2 1.450 0.800 0.970 0.950 9466 KKB 0.970 0.020 60.8 0.957 — — 250.1
7.728 3.936 5.700 5.630 7087 MAGNI 5.690 UNCH 217.6 5.671 8.56 2.46 925.9 0.380 0.220 0.230 0.220 7164 KNM 0.225 UNCH 7542.2 0.227 — — 533.1
0.045 0.010 0.020 0.015 5189 MAXWELL 0.020 0.005 210.5 0.015 — — 8.0 1.120 0.830 0.865 0.860 6971 KOBAY 0.865 UNCH 22.4 0.861 14.16 — 88.3
1.266 0.974 1.010 1.010 5886 MBG 1.010 -0.010 3.2 1.010 — 2.97 61.4 0.266 0.180 0.220 0.195 7017 KOMARK 0.200 0.005 409.6 0.209 — — 33.2
2.464 1.285 1.950 1.900 3662 MFLOUR 1.900 -0.010 65.9 1.912 12.56 3.42 1,045.5 8.500 5.529 8.260 8.010 7153 KOSSAN 8.090 -0.020 71.1 8.080 28.98 1.36 5,173.3
0.960 0.760 — — 7935 MILUX 0.820 — — — — — 44.6 1.110 0.345 — — 7130 KPOWER 0.760 — — — — — 57.9
5.005 3.760 — — 5202 MSM 4.100 — — — — 3.41 2,882.2 5.098 4.500 4.610 4.600 3476 KSENG 4.610 0.010 61 4.601 21.31 2.17 1,666.4
0.035 0.030 — — 5150 MSPORTS 0.035 — — — — — 21.2 0.580 0.370 — — 5192 KSSC 0.405 — — — 8.82 3.70 38.9
1.826 1.184 1.290 1.280 3921 MWE 1.280 -0.020 21 1.282 2.15 1.56 296.4 0.775 0.295 — — 8362 KYM 0.490 — — — 70.00 — 73.4
103.200 71.800 102.600 100.500 4707 NESTLE 101.100 -2.100 120.6 101.10 40.93 2.67 23,708.0 7.400 5.060 6.180 6.150 3794 LAFMSIA 6.160 -0.040 190.7 6.153 — 3.25 5,234.1
4.838 3.062 — — 7060 NHFATT 3.380 — — — 11.38 3.25 254.0 0.910 0.580 0.630 0.615 9326 LBALUM 0.630 0.020 282.1 0.624 12.68 3.97 156.5
0.130 0.055 0.060 0.055 7139 NICE 0.060 0.005 12.8 0.059 — — 20.0 0.601 0.425 0.540 0.535 5092 LCTH 0.540 UNCH 296.6 0.538 15.84 4.63 194.4
0.310 0.225 0.225 0.225 7215 NIHSIN 0.225 -0.005 375.7 0.225 64.29 — 58.3 6.530 4.140 4.800 4.700 5284 LCTITAN 4.750 0.050 1676.1 4.752 8.86 — 10,962.0
0.882 0.600 0.630 0.620 5066 NTPM 0.620 -0.015 155.9 0.624 15.90 3.87 696.4 0.970 0.451 0.970 0.910 5232 LEONFB 0.940 0.030 8946.9 0.947 4.66 1.60 291.4
0.690 0.430 0.555 0.530 7071 OCR 0.550 -0.005 144.5 0.546 30.22 — 160.8 0.440 0.100 0.320 0.310 8745 LEWEKO 0.315 -0.005 160.6 0.314 — — 101.4
1.765 1.300 — — 7107 OFI 1.370 — — — 20.09 2.92 328.8 0.080 0.025 0.040 0.035 2887 LIONDIV 0.035 UNCH 390 0.040 — — 48.7
6.768 6.258 6.560 6.530 4006 ORIENT 6.540 -0.010 650.4 6.540 9.21 3.06 4,057.4 1.670 0.400 1.470 1.420 4235 LIONIND 1.470 0.050 5955.2 1.451 7.40 — 1,055.3
5.500 2.196 5.300 5.150 7052 PADINI 5.200 -0.080 196.3 5.198 21.38 1.92 3,421.1 0.740 0.390 0.515 0.500 9881 LSTEEL 0.505 0.005 662.1 0.505 11.85 — 64.7
40.631 29.196 38.520 38.400 3719 PANAMY 38.520 -0.440 3.1 38.44 19.35 3.04 2,339.9 0.160 0.050 0.110 0.105 5068 LUSTER 0.105 UNCH 2067.5 0.105 — — 207.5
0.654 0.425 — — 5022 PAOS 0.435 — — — 52.41 3.68 78.8 4.110 3.336 4.030 3.970 9199 LYSAGHT 4.020 0.080 18.7 4.016 8.39 1.74 167.2
0.650 0.350 0.430 0.430 9407 PARAGON 0.430 0.030 5 0.430 — — 30.1 1.810 0.622 1.810 1.690 5098 MASTEEL 1.810 0.100 5823.8 1.760 7.89 — 571.3
0.401 0.210 0.230 0.225 6068 PCCS 0.225 -0.005 1313 0.226 5.06 — 47.3 0.841 0.467 0.645 0.640 7029 MASTER 0.645 0.005 29.5 0.642 8.60 1.55 35.2
1.030 0.790 — — 5231 PELIKAN 0.860 — — — 20.62 — 475.8 1.430 0.983 1.250 1.200 5152 MBL 1.230 -0.020 615.9 1.225 8.20 3.25 113.2
0.707 0.561 0.605 0.600 9997 PENSONI 0.605 UNCH 19.6 0.605 9.79 3.31 78.4 0.870 0.663 — — 7004 MCEHLDG 0.800 — — — 31.37 1.88 35.5
0.235 0.145 0.175 0.170 4081 PMCORP 0.175 -0.005 92.2 0.174 — — 135.3 0.415 0.230 0.245 0.235 3778 MELEWAR 0.245 0.005 80.2 0.240 — — 55.3
0.795 0.446 0.620 0.610 5080 POHKONG 0.620 0.005 483.5 0.613 7.68 1.61 254.4 0.789 0.493 — — 5223 MENTIGA 0.660 — — — — 1.52 46.2
2.048 1.649 1.810 1.730 7088 POHUAT 1.750 -0.040 156.1 1.764 6.70 4.57 407.8 1.837 1.596 — — 6149 METROD 1.750 — — — 13.69 3.43 210.0
17.600 15.539 17.240 17.040 4065 PPB 17.080 -0.160 256.7 17.09 15.28 1.46 20,248.3 1.260 0.750 0.775 0.750 5001 MIECO 0.760 -0.015 2345 0.762 4.93 5.26 399.0
0.720 0.480 0.480 0.480 7190 PPG 0.480 -0.005 10.8 0.480 15.89 2.88 48.0 0.170 0.090 0.140 0.135 7219 MINETEC 0.135 UNCH 630 0.135 — — 98.8
1.644 0.760 0.790 0.760 8966 PRLEXUS 0.760 -0.100 2580 0.771 7.06 2.96 136.8 0.660 0.435 0.475 0.475 5576 MINHO 0.475 -0.005 16 0.475 6.79 — 104.4
1.156 0.677 1.030 0.980 7134 PWF 0.985 -0.025 929.8 0.997 8.67 3.92 168.4 4.237 3.250 3.330 3.300 5916 MSC 3.310 -0.030 36.5 3.307 10.47 2.42 331.0
2.615 1.793 1.900 1.880 7237 PWROOT 1.900 0.020 31.6 1.884 17.43 6.05 627.3 1.766 1.280 1.350 1.330 3883 MUDA 1.350 0.020 89.8 1.340 10.12 2.22 411.8
4.390 3.820 4.350 4.330 7084 QL 4.340 -0.010 66 4.340 34.78 0.75 7,041.4 1.100 0.495 0.545 0.530 5087 MYCRON 0.540 0.005 203.6 0.540 5.02 — 153.1
0.628 0.530 0.600 0.570 9946 REX 0.590 0.020 236.1 0.587 58.42 0.85 145.5 0.240 0.005 — — 7002 NAKA 0.010 — — — — — 0.6
1.890 1.240 1.430 1.350 0183 SALUTE 1.350 -0.110 649 1.367 25.86 1.78 523.8 0.265 0.120 0.125 0.120 5025 NWP 0.120 -0.005 395.7 0.122 — — 45.9
1.069 0.550 0.620 0.575 5252 SASBADI 0.580 0.010 1409.5 0.593 30.21 2.59 243.1 1.163 0.523 0.865 0.860 4944 NYLEX 0.865 0.005 85 0.862 7.70 2.31 168.1
0.590 0.285 — — 5157 SAUDEE 0.460 — — — 45.54 — 55.2 1.925 1.119 1.710 1.670 7140 OKA 1.700 0.060 199.3 1.691 9.59 3.24 278.0
1.490 1.000 1.440 1.420 7180 SERNKOU 1.420 -0.060 75 1.428 56.80 — 170.4 1.604 0.919 1.370 1.350 5065 ORNA 1.370 0.030 126.9 1.365 8.50 1.82 103.1
0.845 0.590 0.615 0.615 7165 SGB 0.615 0.005 3 0.615 — — 121.1 0.075 0.043 0.075 0.055 7225 PA 0.070 0.015 151747.3 0.068 — — 119.3
1.672 1.192 1.260 1.250 7412 SHH 1.250 0.010 25 1.252 11.87 4.00 62.5 7.860 6.638 7.860 7.680 5183 PCHEM 7.850 0.150 6015 7.753 15.29 3.06 62,800.0
1.034 0.690 0.700 0.690 7246 SIGN 0.690 -0.015 159.1 0.695 8.47 3.62 165.8 1.667 1.255 1.550 1.520 5271 PECCA 1.530 -0.020 157 1.534 22.08 3.27 287.6
0.915 0.473 0.750 0.630 8532 SINOTOP 0.640 0.010 407.8 0.673 87.67 — 252.7 7.901 4.000 4.080 4.000 5436 PERSTIM 4.080 0.050 16 4.062 11.11 9.80 405.2
0.865 0.505 0.545 0.520 9776 SMCAP 0.520 -0.025 20 0.533 — — 31.8 20.979 15.820 17.520 17.160 6033 PETGAS 17.520 0.040 411.7 17.49 19.57 3.77 34,667.4
0.385 0.220 0.280 0.270 7943 SNC 0.280 0.010 7 0.276 — — 18.5 15.060 3.961 14.160 13.260 3042 PETRONM 13.900 0.360 738.9 13.90 8.97 1.58 3,753.0
2.548 2.130 2.350 2.320 7103 SPRITZER 2.320 -0.030 14.5 2.331 18.69 2.50 487.2 2.466 1.634 1.950 1.910 7095 PIE 1.920 -0.030 160.6 1.944 15.55 1.25 737.4
1.440 1.050 1.220 1.210 7186 SWSCAP 1.220 0.010 89 1.210 20.78 0.82 178.0 5.466 1.492 4.250 4.050 7172 PMBTECH 4.110 -0.140 171.7 4.084 27.88 0.97 328.8
0.669 0.380 0.390 0.380 7082 SYF 0.390 UNCH 1316.1 0.384 9.58 3.85 241.5 5.448 2.506 5.390 5.280 8869 PMETAL 5.310 -0.080 3995.5 5.304 34.48 1.13 20,352.1
0.505 0.330 0.400 0.400 7211 TAFI 0.400 UNCH 1 0.400 — — 32.0 0.575 0.470 0.505 0.505 6637 PNEPCB 0.505 -0.015 10 0.505 20.28 — 66.4
1.928 1.290 1.400 1.380 4405 TCHONG 1.380 -0.030 12.9 1.399 — 1.45 927.4 0.995 0.270 0.465 0.440 8117 POLY 0.445 UNCH 168.3 0.450 2.12 — 71.2
0.800 0.375 0.390 0.390 7200 TEKSENG 0.390 -0.005 411 0.390 — 5.13 135.8 0.973 0.660 0.675 0.665 8273 PPHB 0.665 -0.005 200.9 0.670 7.07 — 125.4
1.250 0.850 0.900 0.890 7252 TEOSENG 0.895 -0.105 359 0.896 — 1.68 268.5 0.350 0.250 — — 9458 PREMIER 0.275 — — — 916.6 — 92.7
1.455 1.160 — — 9369 TGL 1.260 — — — 13.86 3.97 51.3 1.458 0.823 1.080 1.040 9873 PRESTAR 1.070 0.030 1883.7 1.059 4.63 3.74 218.9
1.020 0.400 0.720 0.715 7230 TOMEI 0.720 0.005 37.8 0.717 8.29 — 99.8 1.110 0.730 0.965 0.965 7168 PRG 0.965 0.005 9 0.965 209.78 0.52 291.9
0.530 0.370 0.380 0.380 7176 TPC 0.380 -0.005 10 0.380 — — 88.8 0.330 0.105 0.260 0.250 7123 PWORTH 0.255 UNCH 11662.3 0.255 38.64 — 244.7
6.080 4.089 5.150 5.040 4588 UMW 5.090 -0.110 34.7 5.074 — — 5,946.6 1.290 0.920 0.920 0.920 7544 QUALITY 0.920 -0.080 1.9 0.920 — — 53.3
2.680 1.935 — — 7757 UPA 2.460 — — — 3.21 3.25 195.8 0.750 0.510 — — 7498 RALCO 0.530 — — — — — 22.2
2.470 0.746 2.470 1.930 7203 WANGZNG 2.000 0.090 4753.3 2.174 22.03 2.00 320.0 5.840 5.310 5.690 5.500 7765 RAPID 5.690 -0.010 84 5.599 517.27 — 608.2
0.325 0.080 0.290 0.285 5156 XDL 0.290 UNCH 339.4 0.287 19.33 — 195.4 0.725 0.285 0.420 0.410 5256 REACH 0.420 0.010 3647.6 0.415 323.08 — 460.5
0.665 0.365 0.615 0.615 7121 XIANLNG 0.615 -0.005 10 0.615 — — 49.2 0.655 0.365 0.370 0.370 7232 RESINTC 0.370 UNCH 12 0.370 6.32 3.24 50.8
0.125 0.020 — — 5155 XINQUAN 0.055 — — — — — 26.7 1.510 0.626 1.500 1.470 9741 ROHAS 1.470 -0.030 123.5 1.480 — 0.68 694.8
2.822 2.100 2.210 2.180 5584 YEELEE 2.180 UNCH 20 2.181 10.90 2.06 417.7 0.850 0.650 0.675 0.670 7803 RUBEREX 0.675 UNCH 43 0.673 9.31 2.59 170.2
1.522 1.009 1.180 1.180 5159 YOCB 1.180 -0.020 24.7 1.180 8.53 4.24 188.8 5.194 3.878 4.250 4.250 5134 SAB 4.250 -0.010 2.8 4.250 13.10 1.18 582.0
3.190 1.822 2.770 2.700 7178 YSPSAH 2.750 0.060 79.2 2.747 13.63 2.55 376.1 8.490 4.773 7.520 7.390 9822 SAM 7.500 0.110 72.6 7.468 17.94 1.37 1,013.8
1.990 1.133 1.820 1.760 5131 ZHULIAN 1.800 0.030 228.2 1.796 13.40 3.33 828.0 0.957 0.824 — — 7811 SAPIND 0.870 — — — 44.16 5.75 63.3
INDUSTRIAL PRODUCTS 1.237 0.700 0.715 0.700 5170 SCABLE 0.715 0.005 305.1 0.703 — 4.20 226.7
1.393 0.985 1.000 0.995 0012 3A 0.995 -0.005 241.3 0.998 11.71 1.81 489.5 3.400 2.560 2.620 2.600 7247 SCGM 2.600 -0.030 28.9 2.601 19.62 2.31 503.4
0.210 0.085 0.130 0.125 7086 ABLEGRP 0.130 UNCH 203.5 0.129 — — 34.3 0.740 0.500 — — 9237 SCIB 0.520 — — — 13.40 — 44.7
0.430 0.200 — — 7131 ACME 0.320 — — — 15.53 — 69.9 9.738 6.559 8.700 8.650 4731 SCIENTX 8.690 0.030 127.5 8.668 14.88 1.84 4,203.4
0.975 0.585 0.600 0.595 7191 ADVENTA 0.595 -0.005 15 0.597 175.00 — 90.9 0.345 0.250 0.285 0.275 7239 SCNWOLF 0.285 0.010 6 0.276 150.00 — 24.9
2.307 1.971 — — 9148 ADVPKG 2.020 — — — 23.11 2.97 41.4 0.525 0.160 0.250 0.245 7366 SCOMIEN 0.250 0.005 443.9 0.250 — — 85.5
0.220 0.135 0.150 0.150 7146 AEM 0.150 UNCH 407.1 0.150 187.50 — 44.9 1.660 0.690 0.895 0.845 7073 SEACERA 0.875 -0.020 992.1 0.863 67.31 — 308.9
0.500 0.375 0.410 0.410 5198 AFUJIYA 0.410 -0.070 2 0.410 15.13 — 73.8 0.215 0.125 0.140 0.135 5145 SEALINK 0.140 0.010 223.5 0.136 — — 70.0
0.595 0.380 0.390 0.390 2682 AISB 0.390 UNCH 2.6 0.390 4.85 — 56.3 0.765 0.280 0.470 0.470 5163 SEB 0.470 -0.005 39.7 0.470 6.59 — 37.6
0.913 0.580 0.605 0.595 7609 AJIYA 0.600 UNCH 187.8 0.598 10.83 3.33 182.8 1.410 0.388 1.090 1.050 5181 SIGGAS 1.060 -0.020 1509 1.064 44.73 1.13 198.8
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.040 0.630 — — 7115 SKBSHUT 0.760 — — — 9.28 — 30.4 5.590 2.508 5.500 5.360 7668 HAIO 5.500 0.140 339.1 5.393 21.77 2.61 1,650.6
2.320 1.199 2.280 2.210 7155 SKPRES 2.220 -0.060 2261.8 2.229 20.27 1.87 2,775.4 0.335 0.200 0.230 0.230 7253 HANDAL 0.230 UNCH 3 0.230 — — 36.8
2.201 1.610 — — 7248 SLP 1.820 — — — 23.27 2.16 576.9 9.790 8.178 9.650 9.500 3034 HAPSENG 9.580 0.030 172.5 9.608 22.37 3.65 23,851.1
0.700 0.510 — — 7132 SMISCOR 0.510 — — — — — 22.8 0.876 0.646 0.800 0.785 2062 HARBOUR 0.785 -0.015 295.6 0.786 10.69 1.91 314.3
2.580 1.129 2.300 2.240 5665 SSTEEL 2.290 0.040 1031 2.279 7.65 1.31 991.4 4.200 3.013 3.950 3.920 5008 HARISON 3.950 0.050 9.4 3.939 12.15 6.33 270.5
0.300 0.065 0.200 0.190 7143 STONE 0.200 0.010 209.8 0.190 — — 18.0 1.490 0.391 1.480 1.430 0185 HSSEB 1.440 -0.040 344.1 1.445 28.29 0.55 459.5
1.550 1.170 1.260 1.260 6904 SUBUR 1.260 0.020 2.2 1.260 — — 263.3 0.195 0.050 0.145 0.115 7013 HUBLINE 0.140 0.020 142632 0.134 — — 300.7
2.128 0.995 1.270 1.200 7207 SUCCESS 1.270 0.070 251.2 1.209 7.37 1.97 315.6 0.480 0.210 0.245 0.230 5255 ICON 0.245 0.015 3141.6 0.238 — — 288.4
2.945 1.756 2.070 2.030 7235 SUPERLN 2.030 UNCH 413.9 2.043 16.28 1.23 324.8 6.418 5.420 5.940 5.830 5225 IHH 5.900 0.040 2742.4 5.901 60.02 0.51 48,610.7
2.120 1.664 2.010 1.940 7106 SUPERMX 1.940 -0.060 975.1 1.965 17.18 2.84 1,319.5 0.915 0.600 0.650 0.630 5614 ILB 0.650 0.050 56 0.639 — — 126.8
4.153 3.344 3.580 3.560 5012 TAANN 3.580 -0.080 16.3 3.568 12.46 4.19 1,592.5 0.900 0.670 — — 5673 IPMUDA 0.890 — — — — — 64.5
0.415 0.250 0.300 0.290 5149 TAS 0.300 0.010 84 0.292 — — 54.0 2.166 1.650 1.750 1.740 0058 JCBNEXT 1.750 UNCH 7 1.742 30.28 1.14 244.4
13.373 11.949 — — 4448 TASEK 12.080 — — — 162.15 9.93 1,493.3 0.400 0.290 0.350 0.290 8672 KAMDAR 0.350 UNCH 2.2 0.343 11.55 — 69.3
0.290 0.105 0.170 0.160 5178 TATGIAP 0.165 -0.010 523.5 0.164 — — 28.2 1.862 1.560 1.600 1.570 6491 KFIMA 1.600 0.030 77 1.585 20.67 5.63 451.6
1.480 0.320 1.160 1.150 7097 TAWIN 1.160 -0.010 838.7 1.159 6.56 — 74.6 0.900 0.276 0.870 0.830 0151 KGB 0.865 0.035 3017.2 0.858 15.81 1.16 198.8
2.690 1.300 1.370 1.370 7439 TECGUAN 1.370 -0.030 6 1.370 — — 54.9 1.680 0.850 — — 5035 KNUSFOR 0.925 — — — — — 92.2
4.803 4.010 4.230 4.160 7034 TGUAN 4.160 -0.070 101.4 4.182 9.32 2.88 562.7 1.140 0.900 0.985 0.970 5878 KPJ 0.980 0.010 270.7 0.977 22.69 1.82 4,195.8
2.140 1.500 1.540 1.540 7374 TIENWAH 1.540 UNCH 2 1.540 9.42 6.49 222.9 1.678 1.080 1.300 1.280 5843 KPS 1.300 UNCH 47 1.284 17.06 4.81 648.7
0.800 0.550 — — 7854 TIMWELL 0.620 — — — 140.91 — 55.2 0.570 0.495 0.515 0.510 9121 KPSCB 0.510 UNCH 72 0.511 8.90 — 75.4
1.069 0.935 0.975 0.960 7285 TOMYPAK 0.975 UNCH 260.5 0.969 16.64 3.28 409.1 0.225 0.125 0.135 0.135 4847 KTB 0.135 UNCH 280.6 0.135 — — 54.4
4.292 1.793 4.060 3.980 5010 TONGHER 4.020 UNCH 21.4 4.028 10.04 9.45 632.9 0.628 0.370 0.430 0.385 6874 KUB 0.430 0.040 6426.7 0.414 9.64 2.33 239.3
8.190 4.512 7.980 7.880 7113 TOPGLOV 7.970 -0.020 1698.1 7.909 27.69 1.82 10,020.9 0.380 0.220 0.220 0.220 7170 LFECORP 0.220 UNCH 150 0.220 — — 40.9
0.850 0.495 0.630 0.570 7173 TOYOINK 0.630 0.050 45 0.591 — — 67.4 0.835 0.435 0.705 0.695 8486 LIONFIB 0.700 0.010 12.4 0.699 5.87 — 162.1
0.230 0.150 0.190 0.190 4359 TURIYA 0.190 UNCH 20 0.190 950.00 — 43.5 0.890 0.720 0.765 0.740 5143 LUXCHEM 0.750 -0.005 632.4 0.749 13.86 3.11 633.6
3.410 1.595 3.300 3.210 7100 UCHITEC 3.250 -0.060 1050.6 3.246 22.23 4.62 1,459.9 0.372 0.165 0.185 0.180 5078 M&G 0.180 -0.010 317.1 0.181 — 27.78 130.3
4.930 3.350 3.480 3.350 7133 ULICORP 3.400 UNCH 17.9 3.405 20.44 3.53 493.7 2.114 1.605 1.750 1.730 3859 MAGNUM 1.740 UNCH 301.6 1.739 12.52 7.47 2,501.7
1.347 1.080 1.120 1.120 7227 UMSNGB 1.120 0.020 2 1.120 11.18 2.68 89.6 1.338 0.860 0.915 0.885 5264 MALAKOF 0.890 -0.090 10938.1 0.895 1.82 6.74 4,450.0
1.680 0.640 0.680 0.650 4995 VERSATL 0.665 0.015 747.9 0.657 43.18 — 78.0 0.179 0.135 0.135 0.135 3514 MARCO 0.135 -0.005 350 0.135 8.82 3.70 142.3
3.160 1.330 3.020 2.990 6963 VS 3.000 -0.010 2688.3 3.000 21.63 2.07 3,871.5 6.437 5.387 6.030 5.940 6012 MAXIS 6.000 -0.010 2491 5.996 21.34 3.33 46,863.4
1.250 0.785 1.110 1.060 5142 WASEONG 1.090 -0.020 1392.1 1.080 — 0.46 844.6 0.955 0.670 0.815 0.800 5077 MAYBULK 0.815 UNCH 193.2 0.804 — — 815.0
0.465 0.320 — — 7226 WATTA 0.320 — — — — — 27.0 2.576 2.010 2.230 2.200 5983 MBMR 2.230 0.030 59 2.215 17.26 2.02 871.7
2.210 1.714 1.900 1.870 7111 WEIDA 1.870 -0.040 83 1.888 20.28 1.60 249.3 1.232 0.580 0.745 0.705 4502 MEDIA 0.730 -0.030 5194 0.730 — 10.96 809.7
1.639 1.125 1.500 1.490 7231 WELLCAL 1.490 -0.010 49.5 1.493 20.52 4.14 741.9 0.603 0.370 0.405 0.390 5090 MEDIAC 0.400 0.005 273.9 0.398 1.76 6.25 674.9
1.420 0.600 1.180 1.140 7050 WONG 1.150 -0.010 245.8 1.158 17.24 — 105.4 0.739 0.297 0.540 0.520 7234 MESB 0.535 -0.005 32 0.540 — — 43.8
0.700 0.500 — — 7025 WOODLAN 0.535 — — — 26.23 — 21.4 3.978 2.101 3.740 3.670 3069 MFCB 3.690 0.020 106.5 3.701 9.29 1.36 1,515.8
1.968 1.871 1.920 1.920 5009 WTHORSE 1.920 -0.020 5 1.920 17.33 5.21 460.8 1.160 0.625 0.820 0.790 5186 MHB 0.820 -0.005 567 0.807 — — 1,312.0
1.037 0.690 0.715 0.700 4243 WTK 0.715 0.005 288 0.707 — 2.80 344.2 7.679 6.960 7.440 7.210 3816 MISC 7.420 UNCH 428.3 7.416 13.57 4.18 33,121.3
1.380 0.975 0.990 0.975 7245 WZSATU 0.975 -0.025 251.5 0.981 13.34 2.05 340.2 2.606 1.770 2.040 1.940 2194 MMCCORP 2.000 -0.050 526.3 2.009 14.95 2.00 6,090.1
0.845 0.720 0.775 0.770 5048 YILAI 0.770 -0.005 12.1 0.774 — — 123.2 0.430 0.215 0.415 0.390 0059 MMODE 0.405 0.010 2953.3 0.402 — — 65.9
0.285 0.155 0.170 0.165 7020 YKGI 0.170 0.005 291.7 0.167 — — 59.2 0.100 0.040 0.055 0.050 0043 MTRONIC 0.055 0.005 365 0.052 — — 52.2
0.692 0.380 0.420 0.380 7014 YLI 0.420 0.030 125.1 0.380 — 1.19 43.2 0.280 0.120 0.235 0.225 3891 MUIIND 0.230 UNCH 9852.3 0.231 — — 674.5
CONSTRUCTION 3.050 2.090 2.580 2.570 3905 MULPHA 2.570 -0.020 86.6 2.576 3.40 — 821.4
1.210 0.728 0.870 0.855 5281 ADVCON 0.855 UNCH 436.8 0.861 12.11 — 343.8 2.370 1.950 2.240 2.190 0138 MYEG 2.230 UNCH 3859.3 2.219 37.29 0.76 8,042.1
0.750 0.290 — — 7007 ARK 0.400 — — — — — 19.5 1.610 1.340 1.440 1.410 5275 MYNEWS 1.430 -0.010 65.3 1.425 30.30 0.70 975.5
1.200 0.609 0.955 0.950 7078 AZRB 0.955 UNCH 427.4 0.955 12.09 1.57 507.6 0.910 0.610 0.620 0.610 9806 NATWIDE 0.620 0.010 5.2 0.618 — — 74.5
0.625 0.361 0.395 0.380 5190 BENALEC 0.395 0.010 808.5 0.388 64.75 1.01 320.7 0.495 0.350 0.375 0.370 7241 NGGB 0.375 UNCH 114 0.373 — — 171.9
0.485 0.325 0.345 0.335 5932 BPURI 0.340 UNCH 458 0.340 45.33 — 90.8 0.140 0.050 0.065 0.060 4464 NICORP 0.060 -0.005 964.9 0.060 — — 52.6
1.140 0.777 — — 8761 BREM 1.090 — — — 19.60 1.38 376.6 0.828 0.620 0.620 0.620 5533 OCB 0.620 UNCH 5.2 0.620 26.38 1.61 63.8
1.220 0.849 0.895 0.875 8591 CRESBLD 0.880 -0.025 819.8 0.881 6.40 4.55 155.7 0.985 0.750 0.905 0.900 0172 OCK 0.900 UNCH 52.1 0.901 26.55 1.11 784.3
2.086 1.437 1.710 1.710 7528 DKLS 1.710 0.010 1 1.710 3.66 1.75 158.5 3.407 1.782 3.100 3.090 5201 OLDTOWN 3.090 UNCH 93.8 3.091 21.33 2.27 1,431.4
1.270 1.180 1.240 1.190 5253 ECONBHD 1.210 UNCH 2004.8 1.211 18.94 1.49 1,618.4 0.210 0.075 0.125 0.120 3018 OLYMPIA 0.120 UNCH 1740.9 0.120 3.83 — 122.8
1.488 0.871 0.935 0.925 8877 EKOVEST 0.925 UNCH 8092 0.930 17.23 2.16 1,978.8 2.390 1.120 1.410 1.230 5260 OWG 1.400 0.180 6086.3 1.346 53.85 — 360.5
0.992 0.540 0.805 0.795 7047 FAJAR 0.800 -0.005 531.6 0.802 7.35 3.13 298.1 0.498 0.380 0.395 0.395 8419 PANSAR 0.395 -0.005 10.3 0.395 17.40 2.53 110.6
1.335 0.994 1.140 1.110 9261 GADANG 1.140 0.030 568.1 1.124 6.44 2.63 750.9 0.734 0.431 0.650 0.635 5125 PANTECH 0.650 0.005 204.6 0.645 11.38 2.77 484.0
5.459 4.630 4.980 4.880 5398 GAMUDA 4.900 -0.060 4244.4 4.923 18.58 2.45 12,032.2 0.735 0.505 0.515 0.510 5657 PARKSON 0.510 -0.005 663 0.512 — — 557.9
2.010 0.876 1.960 1.940 5226 GBGAQRS 1.950 0.020 881.1 1.947 19.10 0.26 880.4 1.288 1.086 1.180 1.170 5041 PBA 1.170 -0.030 16 1.171 6.83 3.42 387.6
0.920 0.510 0.565 0.530 5169 HOHUP 0.560 0.030 336.8 0.554 5.19 — 209.9 0.340 0.130 0.145 0.135 6254 PDZ 0.145 0.010 3198.7 0.138 — — 31.5
1.736 1.390 1.430 1.400 6238 HSL 1.430 UNCH 60.9 1.409 18.03 1.68 833.2 1.250 0.740 0.820 0.810 5133 PENERGY 0.810 -0.015 88 0.813 — 2.47 260.6
3.518 2.700 3.050 3.000 3336 IJM 3.010 -0.040 628.3 3.010 17.78 2.49 10,922.1 0.660 0.285 0.330 0.315 7108 PERDANA 0.320 -0.005 9992.8 0.325 — — 249.1
0.740 0.525 0.560 0.560 5268 IKHMAS 0.560 UNCH 60 0.560 21.29 0.89 297.0 0.100 0.025 0.035 0.030 0047 PERISAI 0.030 UNCH 1365 0.031 — — 37.8
0.405 0.275 0.365 0.360 0192 INTA 0.360 -0.005 3451.6 0.360 0.86 — 192.7 0.420 0.125 0.260 0.250 7080 PERMAJU 0.255 UNCH 866.9 0.255 — — 50.0
0.680 0.532 0.650 0.625 8834 IREKA 0.650 0.010 215.5 0.641 — 3.08 121.4 1.770 1.510 1.720 1.690 5219 PESTECH 1.700 -0.050 1090.1 1.701 16.63 — 1,299.3
1.790 0.995 1.530 1.470 4723 JAKS 1.530 0.040 1689.8 1.511 — — 753.9 24.890 20.824 24.580 24.200 5681 PETDAG 24.360 0.100 301.2 24.35 22.22 3.20 24,200.5
0.500 0.240 0.275 0.260 9083 JETSON 0.270 0.005 586.2 0.268 — — 55.8 0.250 0.030 — — 7027 PETONE 0.055 — — — 3.53 — 2.8
4.110 2.065 4.040 4.010 7161 KERJAYA 4.030 -0.030 94.1 4.025 17.13 1.36 2,275.1 5.104 3.650 4.580 4.310 7081 PHARMA 4.330 -0.270 53.7 4.330 35.99 3.70 1,125.0
2.430 2.000 2.230 2.200 5171 KIMLUN 2.200 -0.020 37.4 2.215 9.88 2.95 705.2 0.189 0.120 0.125 0.125 7201 PICORP 0.125 -0.005 23.5 0.125 — 4.88 82.3
1.500 1.390 — — 9628 LEBTECH 1.400 — — — 83.33 — 191.1 0.420 0.230 — — 7163 PJBUMI 0.270 — — — — — 22.1
1.000 0.710 — — 5129 MELATI 0.800 — — — 39.41 1.25 96.0 5.665 3.744 5.360 5.220 4634 POS 5.300 0.050 788.4 5.245 41.37 2.02 4,148.7
2.560 1.200 1.940 1.930 8192 MERCURY 1.930 -0.030 12 1.935 6.66 6.22 77.6 2.416 1.190 1.540 1.510 5204 PRESBHD 1.520 UNCH 986 1.523 49.19 1.97 735.7
0.575 0.280 0.340 0.340 5006 MERGE 0.340 UNCH 61.7 0.340 — — 22.8 2.180 1.270 1.300 1.270 8346 PRKCORP 1.280 UNCH 7.2 1.281 — — 128.0
1.407 0.740 0.825 0.795 9571 MITRA 0.805 -0.165 1888.1 0.808 5.00 6.21 555.0 0.871 0.685 0.735 0.720 5272 RANHILL 0.720 -0.080 664.6 0.722 8.60 9.72 639.6
1.770 0.830 1.750 1.700 7595 MLGLOBAL 1.750 -0.020 799.3 1.737 29.22 — 860.7 0.360 0.255 0.290 0.280 0037 RGB 0.280 UNCH 4559.7 0.282 13.86 2.14 375.4
0.425 0.210 0.240 0.240 5924 MTDACPI 0.240 UNCH 15 0.240 — — 55.6 1.447 0.755 1.050 0.960 5278 RHONEMA 1.000 0.035 353.3 1.004 17.89 4.00 166.0
1.670 0.780 0.925 0.910 5085 MUDAJYA 0.915 -0.015 140.1 0.915 — — 554.0 0.687 0.390 0.470 0.445 8567 SALCON 0.470 0.030 6930.3 0.456 — — 318.5
2.980 2.183 2.880 2.840 5703 MUHIBAH 2.850 0.010 818.7 2.851 10.74 1.93 1,374.0 1.122 0.754 1.070 1.040 5147 SAMCHEM 1.050 0.020 927.9 1.053 14.00 3.57 285.6
0.724 0.435 0.460 0.445 8311 PESONA 0.460 0.010 165.2 0.457 14.20 4.35 319.6 0.315 0.115 0.195 0.190 9113 SANBUMI 0.195 UNCH 86.5 0.191 — — 44.1
1.254 0.924 1.080 1.060 5070 PRTASCO 1.070 0.020 172.6 1.065 20.74 5.61 454.4 2.100 0.665 0.705 0.665 5218 SAPNRG 0.675 -0.035 104102 0.680 — 1.48 4,044.7
0.215 0.095 0.145 0.140 7145 PSIPTEK 0.145 0.010 707 0.140 13.18 — 50.6 2.338 1.580 1.720 1.680 0099 SCICOM 1.700 0.020 124.1 1.700 13.40 5.29 604.3
4.137 3.209 3.720 3.700 9598 PTARAS 3.720 UNCH 77.3 3.719 22.82 5.38 614.2 0.215 0.100 0.165 0.155 7158 SCOMI 0.165 0.010 2782 0.159 — — 316.4
1.140 0.600 0.640 0.620 6807 PUNCAK 0.630 0.010 720.9 0.634 — — 283.0 0.270 0.090 0.125 0.120 7045 SCOMIES 0.125 0.005 725 0.120 — — 292.7
1.390 0.505 0.855 0.840 5205 SENDAI 0.845 -0.020 2527.5 0.845 — — 660.0 1.160 0.930 — — 7053 SEEHUP 1.150 — — — — — 77.5
2.530 1.620 2.510 2.420 5263 SUNCON 2.460 -0.050 571.9 2.455 23.03 2.24 3,180.5 0.730 0.598 0.680 0.665 9792 SEG 0.670 -0.015 99.5 0.670 22.48 5.22 847.0
0.415 0.240 0.250 0.240 9717 SYCAL 0.245 UNCH 501.3 0.245 16.01 — 85.1 1.750 1.120 1.560 1.540 5250 SEM 1.550 0.010 129.7 1.544 39.44 1.48 1,911.7
0.860 0.364 0.630 0.610 5054 TRC 0.630 UNCH 75.6 0.622 9.01 3.02 302.7 3.290 1.465 3.220 3.140 5279 SERBADK 3.220 -0.020 980 3.182 12.17 — 4,298.7
2.450 1.500 2.330 2.300 5622 TRIPLC 2.320 -0.030 59.4 2.309 10.55 — 160.0 2.366 2.040 2.230 2.190 4197 SIME 2.220 0.010 7462.5 2.209 9.51 10.36 15,097.9
0.825 0.450 0.485 0.485 5042 TSRCAP 0.485 UNCH 15.1 0.485 12.53 — 84.6 0.720 0.600 — — 9431 SJC 0.620 — — — — 1.61 25.1
0.175 0.110 0.160 0.150 7070 VIZIONE 0.155 -0.005 12078.3 0.155 96.88 — 548.5 0.588 0.320 0.350 0.350 5242 SOLID 0.350 0.010 5 0.350 29.66 0.97 136.8
1.680 0.895 1.200 1.170 3565 WCEHB 1.180 -0.010 478.8 1.179 32.42 — 1,183.2 2.151 1.310 1.530 1.460 6084 STAR 1.470 -0.180 862.9 1.474 4.17 10.20 1,085.7
2.467 1.460 1.630 1.590 9679 WCT 1.610 -0.010 1102.7 1.603 21.96 — 2,279.1 3.079 2.312 2.440 2.440 9865 SUIWAH 2.440 -0.070 6.4 2.440 12.79 0.41 148.8
0.805 0.535 0.685 0.675 7028 ZECON 0.675 -0.010 17 0.676 6.41 — 88.4 0.100 0.045 0.055 0.045 1201 SUMATEC 0.050 UNCH 44697.3 0.050 — — 212.6
0.185 0.095 0.110 0.105 2283 ZELAN 0.110 0.005 190 0.105 — — 92.9 1.918 1.580 1.710 1.630 5211 SUNWAY 1.700 0.070 3850.5 1.686 12.70 2.76 8,361.4
TRADING SERVICES 2.257 1.820 1.850 1.840 6521 SURIA 1.840 -0.010 2.7 1.844 10.10 3.80 530.3
0.550 0.325 0.370 0.340 5238 AAX 0.355 0.025 33533.2 0.355 47.33 — 1,472.6 0.345 0.220 0.230 0.220 5173 SYSCORP 0.225 UNCH 459.8 0.223 22.73 — 270.0
0.290 0.135 0.210 0.200 5166 AEGB 0.210 0.005 3990.2 0.205 — — 260.4 0.490 0.315 0.425 0.405 7228 T7GLOBAL 0.420 0.010 5343.4 0.421 14.63 — 176.2
2.664 1.640 1.720 1.670 6599 AEON 1.680 -0.080 402.4 1.683 28.19 1.79 2,358.7 1.691 1.002 1.130 1.090 8524 TALIWRK 1.110 0.010 1190.1 1.118 24.61 7.21 1,342.5
0.435 0.160 0.280 0.260 7315 AHB 0.275 0.005 609.3 0.272 4.94 — 48.4 2.667 1.467 2.160 2.080 5140 TASCO 2.160 0.080 35.2 2.116 13.20 2.08 432.0
3.530 2.014 3.360 3.310 5099 AIRASIA 3.340 -0.010 2608 3.338 6.06 5.39 11,162.2 15.440 12.465 15.340 15.120 5347 TENAGA 15.220 -0.040 4793.3 15.25 12.47 4.01 86,236.3
9.336 5.858 8.790 8.610 5014 AIRPORT 8.690 -0.100 847.5 8.658 78.36 1.27 14,418.4 1.404 0.829 0.930 0.930 8702 TEXCHEM 0.930 -0.005 14.5 0.930 35.50 10.75 115.4
0.370 0.110 0.185 0.170 5115 ALAM 0.180 UNCH 3255.3 0.177 — — 166.4 0.180 0.045 0.105 0.095 7206 THHEAVY 0.100 -0.005 2984.2 0.100 — — 112.1
0.140 0.070 0.095 0.090 0159 AMEDIA 0.090 -0.005 266 0.094 — — 21.6 6.586 5.601 6.200 6.140 4863 TM 6.170 -0.130 905.7 6.171 28.68 3.50 23,186.5
7.964 6.953 7.380 7.350 6351 AMWAY 7.370 -0.010 7 7.369 23.91 2.71 1,211.5 0.985 0.730 0.870 0.845 0101 TMCLIFE 0.845 -0.010 486.1 0.860 56.33 0.20 1,467.2
2.340 2.120 — — 7083 ANALABS 2.130 — — — 13.40 1.53 127.9 1.806 1.290 1.340 1.310 8397 TNLOGIS 1.330 -0.010 99.4 1.326 8.24 1.50 612.2
0.055 0.015 0.025 0.020 5194 APFT 0.025 UNCH 320 0.020 — — 31.0 1.060 0.410 — — 7218 TOCEAN 0.580 — — — — — 23.8
0.825 0.595 0.765 0.755 5210 ARMADA 0.760 -0.005 7219.8 0.762 — — 4,458.4 1.000 0.730 — — 5167 TURBO 0.780 — — — 20.05 — 84.2
0.220 0.100 0.145 0.140 1481 ASB 0.145 UNCH 82.7 0.141 43.94 1.72 98.3 2.892 2.400 — — 7137 UMS 2.730 — — — 19.85 2.20 111.1
2.906 2.415 2.650 2.570 6399 ASTRO 2.590 -0.060 5385.5 2.616 18.38 4.44 13,504.0 0.915 0.270 0.325 0.305 5243 UMWOG 0.325 0.020 50991.5 0.317 — — 2,274.6
4.780 3.954 4.260 4.170 7048 ATLAN 4.250 -0.040 11.1 4.244 21.44 2.59 1,078.0 1.294 0.995 1.020 1.010 7091 UNIMECH 1.020 UNCH 32.1 1.020 14.72 2.94 133.8
0.365 0.280 0.325 0.325 8885 AVI 0.325 -0.010 20 0.325 — — 279.0 0.730 0.350 — — 5754 UTUSAN 0.380 — — — — — 42.1
1.168 0.880 0.900 0.885 7579 AWC 0.885 -0.005 102.3 0.891 10.87 2.26 240.4 1.980 1.270 1.360 1.280 7250 UZMA 1.310 0.030 783.2 1.335 12.52 — 419.2
5.490 4.175 5.480 5.370 6888 AXIATA 5.390 -0.100 5778.3 5.399 83.70 1.48 48,768.5 1.240 0.600 1.100 1.060 7240 VERTICE 1.100 0.010 183.2 1.079 — — 159.7
0.653 0.319 0.450 0.435 5021 AYS 0.450 0.015 637.6 0.444 7.00 5.56 171.2 2.140 1.655 — — 5016 WARISAN 2.000 — — — 38.68 1.50 134.4
0.740 0.285 0.290 0.285 7251 BARAKAH 0.285 -0.005 1819.2 0.287 — — 235.5 0.620 0.435 — — 7692 WIDETEC 0.575 — — — 23.96 — 25.7
2.240 1.823 2.190 2.100 5248 BAUTO 2.180 -0.020 1318.2 2.178 28.39 4.13 2,521.3 4.205 3.340 3.790 3.620 5246 WPRTS 3.790 0.090 224.9 3.756 21.71 3.45 12,923.9
0.280 0.160 0.180 0.170 6998 BINTAI 0.180 0.005 295.1 0.174 — — 52.1 1.448 1.020 1.270 1.200 5267 XINHWA 1.250 0.040 967.5 1.244 26.32 0.80 270.0
6.278 5.662 6.180 5.950 5032 BIPORT 6.180 0.230 0.6 5.988 18.67 3.40 2,842.8 0.075 0.020 — — 7122 YFG 0.030 — — — — — 18.3
0.415 0.320 0.340 0.335 3395 BJCORP 0.340 0.005 6102.4 0.338 — — 1,674.0 4.050 2.824 4.040 3.900 7293 YINSON 4.000 -0.050 135.6 3.992 15.21 1.00 4,371.2
1.943 1.371 1.830 1.800 5196 BJFOOD 1.800 -0.050 15.3 1.804 53.73 2.59 686.4 1.489 1.090 1.350 1.320 4677 YTL 1.340 -0.030 5311 1.336 17.99 3.73 14,620.1
0.700 0.350 0.365 0.350 4219 BJLAND 0.360 UNCH 353.9 0.353 33.64 — 1,800.1 FINANCE
0.470 0.185 0.320 0.260 6025 BJMEDIA 0.320 0.035 30.2 0.300 — — 75.2 4.302 3.539 4.080 4.040 2488 ABMB 4.060 -0.020 296.5 4.061 12.33 3.94 6,285.3
2.884 2.213 2.260 2.240 1562 BJTOTO 2.260 0.020 430.6 2.257 12.07 6.19 3,053.3 14.600 11.782 13.780 13.480 5139 AEONCR 13.780 0.320 203.8 13.65 68.56 3.11 3,415.4
0.135 0.080 0.090 0.085 7036 BORNOIL 0.090 0.005 8545.8 0.087 9.57 — 455.6 2.888 2.193 2.340 2.280 5185 AFFIN 2.340 0.030 197.4 2.316 8.86 2.99 4,546.5
0.875 0.400 0.485 0.460 9474 BRAHIMS 0.460 -0.005 69.2 0.471 — — 108.7 15.600 9.908 — — 1163 ALLIANZ 13.500 — — — 8.06 0.67 2,356.9
3.038 2.457 2.900 2.870 2771 BSTEAD 2.900 0.010 158.6 2.894 11.49 4.14 5,878.3 5.485 4.011 4.450 4.350 1015 AMBANK 4.450 0.040 1364.2 4.423 10.22 3.96 13,413.1
0.620 0.280 0.365 0.355 5257 CARIMIN 0.360 0.005 1345.6 0.360 — — 84.2 1.950 1.263 1.480 1.480 5088 APEX 1.480 0.050 3 1.480 21.36 3.38 316.1
2.200 1.278 2.130 2.080 5245 CARING 2.080 -0.050 39 2.091 28.93 1.44 452.8 4.461 4.074 4.280 4.280 5258 BIMB 4.280 -0.120 30.3 4.280 11.39 3.27 7,009.5
3.063 1.980 — — 2925 CCB 2.180 — — — 28.68 2.29 219.6 10.760 7.782 10.200 10.020 1818 BURSA 10.120 UNCH 940.9 10.12 24.89 3.66 5,439.5
1.440 0.865 1.030 1.010 7117 CENTURY 1.020 0.010 234.5 1.019 22.03 2.94 400.7 6.937 4.305 6.560 6.470 1023 CIMB 6.500 -0.040 8968.5 6.503 13.60 3.85 59,966.1
0.538 0.376 0.500 0.445 7209 CHEETAH 0.470 0.040 149.6 0.480 82.46 1.28 60.0 0.705 0.325 0.505 0.505 2143 ECM 0.505 -0.025 0.3 0.505 180.36 — 144.7
1.468 0.829 1.200 1.180 5273 CHINHIN 1.190 -0.020 253.6 1.187 15.54 3.36 662.1 1.220 1.150 1.210 1.190 5228 ELKDESA 1.200 0.010 147 1.207 12.18 5.63 358.1
0.675 0.437 0.480 0.480 7016 CHUAN 0.480 UNCH 12.5 0.480 12.03 3.75 81.0 17.100 12.647 17.080 16.800 5819 HLBANK 17.020 0.020 346.8 17.01 15.54 2.64 36,894.6
0.150 0.065 0.135 0.125 5104 CNI 0.125 -0.005 5314 0.129 — — 90.0 10.100 7.327 — — 5274 HLCAP 9.790 — — — 29.92 1.94 2,417.1
1.240 0.655 0.700 0.680 5136 COMPLET 0.680 -0.005 40 0.685 11.93 — 84.2 17.960 13.782 17.960 17.460 1082 HLFG 17.880 UNCH 133.5 17.86 12.98 2.13 20,517.6
0.040 0.020 0.035 0.025 5037 COMPUGT 0.030 UNCH 55786 0.030 — — 70.4 1.140 0.691 0.940 0.930 3379 INSAS 0.940 0.005 616.8 0.934 3.85 1.06 651.7
2.820 2.005 2.480 2.430 5184 CYPARK 2.480 0.110 342 2.459 12.44 2.10 647.8 0.400 0.160 0.395 0.360 3441 JOHAN 0.375 -0.015 7737.9 0.377 — — 233.6
0.865 0.410 — — 5276 DANCO 0.425 — — — 10.07 3.53 126.7 0.690 0.419 0.550 0.550 6483 KENANGA 0.550 0.005 57 0.550 27.78 4.09 397.4
0.105 0.055 0.080 0.075 0091 DAYA 0.075 UNCH 899.2 0.075 — — 153.2 19.302 15.615 18.200 18.120 8621 LPI 18.140 -0.020 22.9 18.136 19.29 4.52 6,022.2
0.837 0.535 0.715 0.660 5141 DAYANG 0.705 0.025 5391 0.689 — — 680.2 0.857 0.765 0.770 0.770 1198 MAA 0.770 UNCH 50 0.770 8.58 11.69 210.6
1.076 0.746 0.940 0.935 5132 DELEUM 0.940 UNCH 139 0.938 13.11 3.46 376.2 3.320 2.895 — — 1058 MANULFE 3.300 — — — 13.50 3.18 667.8
0.840 0.425 0.575 0.520 7212 DESTINI 0.570 0.050 25003.4 0.558 17.92 — 658.5 9.800 7.438 9.680 9.590 1155 MAYBANK 9.660 -0.140 5283.6 9.638 12.74 5.69 104,175.0
2.540 1.492 2.520 2.490 7277 DIALOG 2.500 -0.010 7026.7 2.504 30.53 1.06 14,104.1 1.380 0.879 1.140 1.040 1171 MBSB 1.130 0.090 20757.6 1.096 19.45 2.65 6,694.6
5.292 3.940 4.050 3.940 5908 DKSH 4.040 0.060 17 4.029 12.80 2.35 636.9 2.840 2.190 2.340 2.300 6459 MNRB 2.300 UNCH 33 2.328 6.89 — 735.1
0.683 0.243 0.535 0.485 4456 DNEX 0.530 0.045 93415.2 0.514 12.59 0.94 930.3 1.830 1.210 1.240 1.210 5237 MPHBCAP 1.240 0.020 775.1 1.221 13.33 — 886.6
1.335 1.023 1.180 1.140 5216 DSONIC 1.180 0.020 1955.1 1.158 26.05 3.39 1,593.0 1.300 1.210 1.280 1.240 6009 P&O 1.240 UNCH 21 1.246 38.39 6.85 305.0
0.295 0.135 0.135 0.135 2097 EASTLND 0.135 UNCH 138.7 0.135 — — 33.2 21.080 19.030 20.800 20.620 1295 PBBANK 20.760 -0.020 1872.9 20.75 14.66 2.84 80,593.2
0.735 0.350 0.390 0.380 5259 EATECH 0.390 0.015 202.5 0.382 — — 196.6 1.887 1.317 1.510 1.480 9296 RCECAP 1.500 UNCH 469.6 1.496 5.89 2.00 533.4
0.825 0.210 0.545 0.520 5036 EDARAN 0.545 0.025 96.5 0.532 — — 32.7 5.495 4.536 5.070 4.930 1066 RHBBANK 5.060 0.060 650.6 5.038 11.58 2.37 20,290.8
0.290 0.170 0.180 0.175 7471 EDEN 0.180 0.005 96.8 0.180 — — 56.0 0.708 0.432 0.610 0.600 4898 TA 0.610 0.005 974.4 0.604 2.86 2.79 1,044.3
3.266 2.213 2.460 2.460 1368 EDGENTA 2.460 -0.040 2.2 2.460 20.87 3.25 2,045.8 4.080 3.226 3.650 3.600 6139 TAKAFUL 3.650 0.040 65.2 3.632 15.82 4.11 3,004.5
0.590 0.235 0.340 0.320 0064 EFFICEN 0.335 0.010 1513.4 0.331 — — 237.6 1.620 0.980 1.080 1.050 5230 TUNEPRO 1.080 0.030 621.3 1.064 14.98 4.81 811.9
0.955 0.631 — — 5081 EIG 0.700 — — — 19.55 4.29 166.0 PROPERTIES
2.087 1.100 1.640 1.610 5208 EITA 1.610 0.010 1.1 1.624 10.50 2.48 209.3 0.852 0.720 0.745 0.745 1007 AMPROP 0.745 0.005 103 0.745 12.87 4.03 453.5
1.508 1.070 1.110 1.090 5056 ENGTEX 1.100 UNCH 801.1 1.101 6.63 0.68 487.7 0.409 0.333 0.355 0.350 1007PA AMPROP-PA 0.355 -0.005 9.8 0.353 — 5.63 102.9
0.605 0.370 0.510 0.505 6939 FIAMMA 0.505 -0.010 500 0.507 11.50 2.97 267.7 1.850 0.990 — — 5959 AMVERTON 1.400 — — — 29.35 — 511.1
0.440 0.355 — — 9318 FITTERS 0.405 — — — — — 194.6 0.230 0.150 0.165 0.155 4057 ASIAPAC 0.160 UNCH 1622 0.158 10.19 — 165.1
1.423 1.050 1.280 1.260 7210 FREIGHT 1.270 0.020 34.8 1.268 10.74 3.94 236.4 0.525 0.420 0.490 0.470 6602 BCB 0.490 -0.010 17.6 0.475 23.56 — 202.1
0.495 0.158 0.490 0.460 0128 FRONTKN 0.480 0.020 14546.6 0.480 16.22 1.04 505.6 0.793 0.595 0.610 0.600 6173 BDB 0.610 0.010 26 0.603 7.16 7.38 185.4
0.295 0.160 — — 9377 FSBM 0.230 — — — — — 32.5 0.610 0.375 0.410 0.385 9814 BERTAM 0.410 UNCH 59.9 0.392 1.66 — 84.8
3.054 2.352 2.860 2.850 5209 GASMSIA 2.860 -0.030 27.1 2.853 21.70 4.50 3,672.2 0.700 0.405 0.470 0.450 3239 BJASSET 0.455 -0.010 1577.1 0.459 7.04 — 1,164.0
0.820 0.575 0.615 0.605 0078 GDEX 0.610 0.005 1460.5 0.610 92.42 0.41 3,401.5 1.500 1.140 — — 5738 CHHB 1.300 — — — — — 358.4
6.259 4.379 5.780 5.550 4715 GENM 5.780 0.150 4636.5 5.707 13.64 1.76 34,321.9 1.673 1.363 1.500 1.470 6718 CRESNDO 1.500 0.040 2 1.484 9.52 4.00 420.7
9.960 7.695 9.310 9.090 3182 GENTING 9.310 0.110 973.3 9.274 14.58 1.24 35,860.1 1.720 1.339 1.520 1.510 5049 CVIEW 1.510 -0.010 13.5 1.512 5.36 9.93 151.0
0.330 0.185 — — 5079 GETS 0.205 — — — — — 25.8 2.375 2.063 2.220 2.200 5355 DAIMAN 2.200 -0.030 18 2.205 21.89 2.50 466.8
3.670 2.689 3.530 3.470 3204 GKENT 3.500 -0.010 399.1 3.489 17.22 2.05 1,971.4 0.993 0.477 0.520 0.510 3484 DBHD 0.515 UNCH 108.6 0.514 — — 159.8
0.555 0.360 0.380 0.370 7676 GUNUNG 0.380 0.010 36.2 0.373 — — 89.7 0.115 0.075 0.085 0.080 7198 DPS 0.080 -0.005 1570 0.085 — — 47.0

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
WED N E S DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
2.089 1.350 1.430 1.420 3417 E&O 1.430 UNCH 753.4 1.426 15.08 2.10 1,897.2 6.520 1.736 6.270 6.150 0097 VITROX 6.220 0.010 427 6.187 35.91 0.56 2,924.4
0.325 0.255 0.305 0.295 3557 ECOFIRS 0.305 UNCH 232.2 0.301 13.03 — 245.0 1.750 0.729 1.180 1.150 0008 WILLOW 1.180 0.050 425.3 1.164 13.80 1.69 292.6
1.720 1.340 1.440 1.380 8206 ECOWLD 1.390 0.010 767.8 1.404 18.89 — 4,092.7 INFRASTRUCTURE PROJECT COMPANIES
0.920 0.575 0.645 0.610 6076 ENCORP 0.645 UNCH 3 0.622 12.40 — 189.6 5.100 4.360 4.930 4.850 6947 DIGI 4.890 -0.210 2650.5 4.883 25.48 2.90 38,019.8
3.180 1.940 — — 8613 ENRA 2.890 — — — 37.58 1.04 393.6 6.000 5.400 5.570 5.400 6645 LITRAK 5.490 -0.060 445.9 5.503 13.36 5.46 2,897.1
1.300 0.765 1.120 1.070 6815 EUPE 1.100 0.040 112.2 1.082 — — 140.8 9.900 7.607 9.150 9.020 5031 TIMECOM 9.100 UNCH 401.9 9.100 22.73 2.19 5,291.2
0.863 0.400 0.440 0.430 7249 EWEIN 0.440 UNCH 39.2 0.430 9.87 1.14 132.7 1.443 1.110 1.270 1.260 6742 YTLPOWR 1.270 -0.020 512.3 1.263 14.87 3.94 10,358.1
1.360 0.955 1.030 1.010 5283 EWINT 1.030 UNCH 407.2 1.025 — — 2,472.0 CLOSED-END FUNDS
0.617 0.468 0.510 0.490 6041 FARLIM 0.490 -0.010 94 0.495 7.53 4.08 68.8 2.860 2.390 — — 5108 ICAP 2.840 — — — 178.62 — 397.6
0.712 0.580 0.610 0.600 5020 GLOMAC 0.610 UNCH 19 0.604 55.45 4.92 444.0 EXCHANGE TRADED FUNDS
0.511 0.363 0.400 0.385 9962 GMUTUAL 0.400 0.005 10.1 0.390 10.26 5.00 150.2 1.140 1.100 — — 0800EA ABFMY1 1.140 — — — — 4.98 1,442.6
0.470 0.300 0.330 0.320 1147 GOB 0.325 UNCH 375.4 0.325 23.72 1.54 147.8 2.210 1.790 1.965 1.965 0822EA CIMBA40 1.965 0.005 0.5 1.965 — 3.76 5.3
0.150 0.090 0.110 0.110 7077 GSB 0.110 -0.005 400 0.110 — — 58.1 1.720 1.340 1.675 1.665 0823EA CIMBC50 1.675 0.015 30 1.670 — — 16.3
1.426 1.092 1.150 1.130 1503 GUOCO 1.150 0.020 93.1 1.135 6.28 1.74 805.5 1.865 1.700 1.850 1.850 0820EA FBMKLCI-EA 1.850 0.005 4 1.850 — 1.78 3.1
1.430 0.829 1.320 1.310 7105 HCK 1.320 0.020 68.1 1.319 101.54 — 555.9 1.760 1.705 — — 0828EA GOLDETF 1.755 — — — — — 32.6
1.210 0.380 — — 7010 HOOVER 0.750 — — — 120.97 — 30.0 1.100 0.982 — — 0826EA METFAPA 1.060 — — — — — 20.1
1.160 0.595 0.615 0.605 5062 HUAYANG 0.610 UNCH 336.5 0.610 9.59 6.56 214.7 0.952 0.886 — — 0825EA METFSID 0.900 — — — — 2.60 47.7
0.648 0.510 0.530 0.515 4251 IBHD 0.530 0.015 202.5 0.522 7.53 3.55 534.3 1.140 1.060 1.135 1.120 0821EA MYETFDJ 1.135 -0.005 180 1.125 — 1.96 313.6
1.020 0.755 — — 5084 IBRACO 0.815 — — — 31.47 2.45 404.6 1.140 1.015 1.135 1.120 0824EA MYETFID 1.135 -0.005 188 1.125 — 1.34 54.5
0.890 0.595 0.675 0.675 9687 IDEAL 0.675 UNCH 1 0.675 3.99 — 74.6 REITS
2.980 2.318 2.970 2.960 1597 IGB 2.960 UNCH 901.6 2.962 13.25 3.38 4,041.3 0.963 0.830 0.830 0.830 4952 AHP 0.830 -0.005 2 0.830 78.30 5.06 182.6
2.158 1.790 1.860 1.830 5249 IOIPG 1.840 -0.010 742.2 1.840 10.29 3.26 10,131.3 1.615 1.350 1.410 1.390 5116 ALAQAR 1.390 -0.040 11.5 1.392 16.43 5.43 1,012.2
0.620 0.315 0.320 0.320 5175 IVORY 0.320 UNCH 106 0.320 14.35 — 156.8 1.040 0.965 0.970 0.970 5269 ALSREIT 0.970 -0.030 1.1 0.970 11.59 6.44 562.6
3.290 0.800 1.450 1.410 1589 IWCITY 1.420 -0.010 2463.7 1.426 42.26 — 1,189.1 0.799 0.675 0.680 0.675 5120 AMFIRST 0.675 UNCH 269.4 0.675 18.80 6.30 463.3
0.310 0.240 0.305 0.290 8923 JIANKUN 0.305 0.005 262.2 0.298 — — 50.9 0.949 0.900 0.910 0.905 5127 ARREIT 0.905 -0.005 126.2 0.906 13.15 6.15 518.8
0.143 0.085 0.090 0.090 6769 JKGLAND 0.090 UNCH 245 0.090 13.24 2.56 204.7 1.189 1.007 — — 5130 ATRIUM 1.110 — — — 21.81 6.44 135.2
0.085 0.045 0.065 0.060 3115 KBUNAI 0.065 0.005 66 0.060 12.50 — 375.5 1.645 1.440 1.500 1.470 5106 AXREIT 1.470 -0.030 74.7 1.477 15.86 5.95 1,811.5
1.100 0.818 0.920 0.880 7323 KEN 0.890 -0.030 30.5 0.890 3.81 2.81 170.6 1.830 1.390 1.470 1.430 5180 CMMT 1.430 -0.400 370.4 1.442 19.27 5.85 2,914.0
1.330 0.995 1.080 1.050 5038 KSL 1.060 -0.010 124.4 1.066 3.72 — 1,099.8 1.532 1.140 1.190 1.170 5121 HEKTAR 1.190 -0.110 433 1.186 14.95 9.61 549.7
0.268 0.205 0.215 0.210 3174 L&G 0.210 -0.005 1247.9 0.211 6.75 — 615.2 1.800 1.550 1.700 1.610 5227 IGBREIT 1.610 -0.190 1960.6 1.643 19.01 5.39 5,656.7
1.287 1.000 1.020 1.000 8494 LBICAP 1.010 UNCH 38.5 1.004 531.58 10.40 81.5 0.991 0.830 0.865 0.850 5280 KIPREIT 0.865 UNCH 171.3 0.858 13.95 4.53 437.1
2.370 1.533 2.370 2.330 5789 LBS 2.370 0.020 376.8 2.351 14.45 1.69 1,625.8 8.640 7.419 8.120 7.890 5235SS KLCC 7.910 -0.730 386.5 7.929 16.24 4.51 14,280.2
0.460 0.235 0.325 0.325 3573 LIENHOE 0.325 -0.010 0.7 0.325 — — 117.6 1.320 1.155 1.240 1.240 5123 MQREIT 1.240 -0.010 157.2 1.240 15.86 10.23 1,324.3
1.690 1.180 1.300 1.190 7617 MAGNA 1.300 0.030 66 1.274 — 4.62 435.4 1.866 1.590 1.650 1.620 5212 PAVREIT 1.620 0.010 128.5 1.637 16.40 4.96 4,908.8
1.590 1.319 1.470 1.450 8583 MAHSING 1.460 0.010 292.2 1.456 10.93 4.45 3,542.0 1.900 1.575 1.750 1.700 5176 SUNREIT 1.700 -0.200 1103.3 1.715 11.38 5.64 5,006.6
1.892 0.634 0.945 0.925 6181 MALTON 0.935 UNCH 1385.7 0.933 5.77 2.67 493.7 1.220 1.095 — — 5111 TWRREIT 1.220 — — — 18.29 5.68 342.2
2.258 1.765 2.200 2.180 5236 MATRIX 2.200 0.010 295 2.192 8.68 5.30 1,634.7 1.796 1.600 1.620 1.620 5110 UOAREIT 1.620 UNCH 8 1.620 15.64 5.83 685.1
2.020 0.975 2.000 2.000 7189 MBWORLD 2.000 UNCH 15.3 2.000 8.05 1.75 314.8 1.280 1.018 1.240 1.210 5109 YTLREIT 1.210 -0.070 1486.6 1.218 54.75 5.30 2,062.3
1.200 0.755 0.845 0.780 5182 MCT 0.830 0.020 542.7 0.830 17.85 — 1,107.9 SPAC
0.525 0.395 0.480 0.480 5040 MEDAINC 0.480 0.010 2 0.480 — — 236.4 0.720 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3
1.020 0.745 0.905 0.880 1694 MENANG 0.890 0.015 398.9 0.895 21.87 — 237.7 0.475 0.430 0.470 0.465 5270 RSENA 0.465 -0.005 3145 0.470 — — 465.0
0.605 0.255 0.355 0.345 8141 MJPERAK 0.355 UNCH 64.9 0.351 — 6.03 91.3 0.480 0.475 — — 5241 SONA 0.475 — — — — — 670.1
2.539 1.583 1.680 1.640 6114 MKH 1.680 0.050 492.7 1.672 5.93 2.98 984.0
0.360 0.235 0.240 0.235 8893 MKLAND 0.235 -0.005 465.2 0.236 15.46 — 283.7
0.215 0.095 0.110 0.110 6548 MPCORP 0.110 UNCH 30 0.110 — — 31.6
1.536 0.870 1.170 1.110 1651 MRCB 1.160 0.040 26369.1 1.151 11.35 2.07 5,088.6
1.080 0.525 0.590 0.590 9539 MUH 0.590 -0.005 14.9 0.590 — — 33.3
0.365 0.245
1.900 1.020
—
1.270
—
1.210
3913
5073
MUIPROP
NAIM
0.270
1.230
—
-0.190
—
801
—
1.242
225.00
—
—
—
206.3
307.5
Ace Market
2.881 2.192 2.390 2.380 5827 OIB 2.380 UNCH 16.6 2.386 8.82 2.94 344.8 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
1.116 1.020 1.050 1.030 5053 OSK 1.040 -0.030 516.7 1.034 5.19 4.81 2,179.1 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.849 1.304 1.790 1.770 1724 PARAMON 1.790 0.020 63.5 1.781 5.45 4.75 759.5
0.695 0.490 0.580 0.575 6912 PASDEC 0.575 -0.005 26 0.576 — — 164.4 CONSUMER PRODUCTS
1.983 0.901 1.820 1.780 7055 PLB 1.820 0.040 7.9 1.791 49.59 0.44 204.6 0.285 0.205 0.255 0.245 0179 BIOHLDG 0.250 Unch 4261.5 0.250 28.41 0.40 202.3
1.766 1.495 — — 5075 PLENITU 1.560 — — — 10.23 2.88 595.2 0.300 0.190 0.205 0.200 0170 KANGER 0.205 Unch 1488.1 0.204 19.71 — 163.7
0.425 0.240 0.375 0.375 2208 PTGTIN 0.375 UNCH 2 0.375 — — 129.8 0.295 0.195 0.210 0.210 0182 LKL 0.210 0.005 4 0.210 95.45 1.67 90.0
1.270 0.800 0.870 0.800 4596 SAPRES 0.800 -0.080 12 0.858 8.48 3.75 111.7 0.450 0.200 0.310 0.280 0148 SUNZEN 0.300 -0.010 25 0.292 28.57 1.00 144.7
0.820 0.545 0.570 0.555 5207 SBCCORP 0.560 0.005 218.1 0.559 — — 131.5 0.065 0.030 0.045 0.040 0095 XINGHE 0.045 Unch 837 0.042 4.25 — 105.7
1.139 0.788 1.070 1.040 2224 SDRED 1.070 0.040 216.3 1.051 8.44 2.34 456.0 INDUSTRIAL PRODUCTS
0.580 0.375 0.425 0.410 4286 SEAL 0.425 UNCH 156.2 0.416 — — 103.3 0.192 0.105 0.135 0.130 0105 ASIAPLY 0.135 Unch 1084.6 0.130 14.84 3.70 45.0
2.860 2.680 2.700 2.680 6017 SHL 2.700 UNCH 12 2.695 8.06 — 653.7 0.130 0.090 0.115 0.105 0072 AT 0.115 0.010 1865.6 0.110 — — 48.5
1.780 1.040 1.500 1.440 5288 SIMEPROP 1.460 -0.320 6041.7 1.465 1.64 — 9,929.2 0.445 0.250 0.325 0.315 0163 CAREPLS 0.315 -0.010 776 0.320 225.00 — 159.5
0.330 0.120 0.230 0.210 0102 CONNECT 0.220 0.010 2883.2 0.222 23.91 — 70.9
0.305 0.140 0.200 0.200 4375 SMI 0.200 UNCH 20 0.200 1.55 — 42.0 0.443 0.320 0.325 0.320 0190 ESAFE 0.325 Unch 29.3 0.324 47.79 — 78.2
0.907 0.599 0.675 0.630 5213 SNTORIA 0.670 -0.025 66 0.670 9.56 — 380.1 0.505 0.235 0.300 0.290 0100 ESCERAM 0.290 -0.010 26 0.292 11.98 2.07 59.6
5.500 4.211 4.830 4.830 1783 SPB 4.830 -0.070 7.2 4.830 17.92 2.48 1,659.7 0.370 0.215 0.280 0.270 0175 HHGROUP 0.270 -0.015 408.5 0.276 37.50 — 83.3
4.151 2.869 3.470 3.340 8664 SPSETIA 3.370 -0.630 1887.9 3.374 11.32 5.78 11,551.6 0.145 0.075 0.105 0.105 0160 HHHCORP 0.105 Unch 50 0.105 19.09 — 35.0
1.590 0.970 1.300 1.300 3743 SUNSURIA 1.300 UNCH 4 1.300 11.45 — 1,038.5 0.355 0.222 0.285 0.270 0188 HLT 0.285 -0.005 1487.2 0.280 — — 113.5
1.035 0.609 0.720 0.715 1538 SYMLIFE 0.720 UNCH 114.5 0.718 5.29 4.17 223.2 0.555 0.205 0.410 0.405 0162 IJACOBS 0.410 -0.005 576.9 0.406 34.75 — 56.1
0.510 0.280 0.300 0.295 4022 TADMAX 0.300 UNCH 2340.9 0.299 — — 161.6 0.153 0.090 0.100 0.095 0024 JAG 0.100 Unch 754.1 0.095 13.33 0.90 137.8
0.410 0.245 0.365 0.350 5158 TAGB 0.365 0.010 1977.2 0.360 6.33 1.10 1,942.4 0.250 0.130 0.205 0.190 0025 LNGRES 0.205 0.010 909.6 0.198 22.78 — 49.6
7.600 6.300 — — 2305 TAHPS 6.700 — — — 32.01 0.75 501.5 0.115 0.040 0.065 0.060 0070 MQTECH 0.065 0.005 1658.3 0.062 — — 27.0
0.055 0.035 0.045 0.040 2259 TALAMT 0.040 UNCH 243.8 0.040 — — 168.8 0.848 0.390 0.710 0.695 0049 OCNCASH 0.700 0.005 153.1 0.701 14.49 1.14 156.1
1.465 0.995 1.040 1.010 5191 TAMBUN 1.020 UNCH 767.4 1.025 4.26 9.80 442.0 0.610 0.140 0.275 0.275 0038 PTB 0.275 Unch 74.7 0.275 — — 41.4
0.165 0.060 0.165 0.145 2429 TANCO 0.155 UNCH 4884.1 0.156 — — 102.6 0.175 0.100 0.115 0.105 0133 SANICHI 0.110 0.005 1394.1 0.110 — — 34.3
0.315 0.170 — — 7889 THRIVEN 0.215 — — — — — 81.0 0.060 0.025 0.045 0.040 0109 SCBUILD 0.040 0.005 7113.8 0.040 — — 35.3
0.085 0.040 0.045 0.040 7079 TIGER 0.045 0.005 5510 0.041 — — 74.3 0.425 0.125 0.415 0.395 0001 SCOMNET 0.410 0.010 3873.5 0.406 40.59 — 99.6
0.910 0.650 0.710 0.675 5239 TITIJYA 0.690 -0.010 408 0.692 6.98 0.36 927.7 0.289 0.142 0.215 0.190 0028 SCOPE 0.195 -0.005 280 0.197 26.71 2.56 109.3
1.060 0.880 0.920 0.905 5401 TROP 0.915 UNCH 317.3 0.912 8.88 2.19 1,345.4 0.290 0.140 0.180 0.170 0055 SERSOL 0.175 0.005 408.1 0.174 — — 37.7
1.360 1.010 1.110 1.040 5148 UEMS 1.100 0.060 5651.2 1.077 16.90 — 4,991.2 0.875 0.137 0.605 0.590 0084 TECFAST 0.595 -0.010 1905 0.595 31.65 0.64 135.7
2.700 2.181 2.420 2.390 5200 UOADEV 2.420 0.030 39.8 2.411 6.09 6.20 4,196.9 TECHNOLOGY
0.525 0.210 0.220 0.220 6378 WMG 0.220 UNCH 78.9 0.220 — — 93.8 0.995 0.285 — — 0018 ACCSOFT 0.605 — — — 28.54 — 503.8
1.190 0.950 — — 7003 Y&G 1.000 — — — 35.71 — 199.4 0.750 0.205 0.680 0.640 0181 AEMULUS 0.665 0.010 4512.5 0.662 38.66 — 291.8
0.455 0.310 0.380 0.365 0119 APPASIA 0.380 0.015 974.1 0.379 — — 131.2
1.620 1.300 1.420 1.390 3158 YNHPROP 1.420 0.020 99.2 1.412 25.72 — 751.2
0.450 0.120 0.160 0.145 0068 ASDION 0.145 -0.010 62.4 0.148 — — 16.9
1.680 1.210 1.550 1.500 7066 YONGTAI 1.540 0.020 2935.1 1.526 38.21 — 740.2 1.050 0.580 0.670 0.650 0098 BAHVEST 0.665 0.015 236.2 0.659 — — 400.2
0.670 0.500 0.515 0.510 2577 YTLLAND 0.510 -0.005 46.2 0.513 8.16 — 430.6 0.764 0.585 0.660 0.650 0191 CABNET 0.650 Unch 154 0.652 12.67 — 84.5
MINING 0.195 0.030 0.190 0.175 0152 DGB 0.180 Unch 33055.1 0.185 128.57 — 97.1
1.630 1.150 1.420 1.390 2186 KUCHAI 1.420 UNCH 60.5 1.405 3.54 0.68 175.7 0.145 0.025 0.145 0.135 0131 DGSB 0.140 0.010 72021.8 0.139 1400.0 — 189.8
PLANTATIONS 0.068 0.028 0.045 0.040 0154 EAH 0.040 Unch 8768.4 0.042 28.57 — 139.1
0.285 0.190 — — 7054 AASIA 0.200 — — — — — 132.0 0.220 0.115 0.140 0.135 0107 EDUSPEC 0.135 Unch 46 0.139 — — 135.2
20.100 17.722 19.800 19.760 1899 BKAWAN 19.800 0.200 6.8 19.789 13.66 3.03 8,631.8 0.500 0.080 0.430 0.410 0116 FOCUS 0.415 -0.015 1517.7 0.417 — — 324.6
8.639 8.340 — — 5069 BLDPLNT 8.340 — — — 36.50 0.48 779.8 1.750 0.820 1.220 1.180 0104 GENETEC 1.210 0.030 207.4 1.201 — — 42.9
1.704 1.427 1.660 1.640 5254 BPLANT 1.650 UNCH 364.3 1.651 3.89 7.27 2,640.0 0.090 0.035 — — 0045 GNB 0.035 — — — — — 10.1
1.000 0.776 0.815 0.810 8982 CEPAT 0.815 0.010 146.4 0.811 8.71 1.84 259.5 0.195 0.075 0.165 0.165 0074 GOCEAN 0.165 Unch 100 0.165 — — 47.8
8.244 7.360 7.550 7.550 1929 CHINTEK 7.550 UNCH 1.3 7.550 17.02 2.52 689.8 0.100 0.040 0.070 0.065 0174 IDMENSN 0.065 -0.005 4780.6 0.067 65.00 — 35.4
0.735 0.395 0.550 0.540 3948 DUTALND 0.545 -0.005 576.1 0.545 160.29 — 461.1 0.533 0.252 0.385 0.375 0023 IFCAMSC 0.380 0.005 4741.7 0.381 20.00 1.32 231.2
9.693 7.821 9.000 8.860 5029 FAREAST 9.000 0.120 3.6 8.977 9.41 3.33 1,272.5 0.140 0.060 0.140 0.125 0094 INIX 0.135 0.005 32740.3 0.131 — — 34.2
2.108 1.450 1.820 1.680 5222 FGV 1.800 0.110 23300 1.762 32.97 0.56 6,566.7 0.220 0.105 0.190 0.175 0010 IRIS 0.190 0.005 24198.2 0.186 — — 469.7
11.614 10.200 10.600 10.360 2291 GENP 10.500 UNCH 111.7 10.51 19.77 1.29 8,435.7 1.450 0.266 1.390 1.280 0146 JFTECH 1.300 -0.080 569.5 1.310 37.90 0.92 273.0
0.658 0.550 0.590 0.585 7382 GLBHD 0.590 UNCH 50.5 0.587 393.33 1.69 131.5 3.398 0.788 3.020 2.980 0127 JHM 3.000 Unch 387 3.007 24.96 0.50 788.4
1.430 1.105 1.370 1.370 2135 GOPENG 1.370 0.010 20 1.370 48.58 2.92 245.7 0.270 0.150 0.200 0.190 0111 K1 0.200 0.010 910 0.195 — — 103.8
0.890 0.605 — — 7501 HARNLEN 0.620 — — — 18.56 — 115.0 0.460 0.100 0.155 0.145 0036 KGROUP 0.155 0.005 11851.2 0.150 — — 66.3
2.700 2.343 2.550 2.550 5138 HSPLANT 2.550 UNCH 391.6 2.550 15.23 5.69 2,040.0 1.280 0.305 0.940 0.900 0176 KRONO 0.905 -0.020 8569.9 0.915 21.24 — 296.8
3.519 2.700 2.720 2.710 2216 IJMPLNT 2.710 -0.030 96 2.712 33.21 2.58 2,386.4 0.170 0.045 0.145 0.135 0017 M3TECH 0.140 0.005 4000.8 0.140 — — 82.2
0.650 0.225 0.605 0.575 0075 MEXTER 0.590 0.010 1754.4 0.589 — — 142.7
0.734 0.650 0.695 0.675 2607 INCKEN 0.695 0.005 1.4 0.689 — 1.61 292.4 0.550 0.350 — — 0155 MGRC 0.350 — — — — — 36.2
1.452 1.026 1.170 1.170 6262 INNO 1.170 UNCH 5 1.170 15.00 1.71 560.3 1.200 0.610 0.760 0.740 0126 MICROLN 0.760 0.010 139 0.749 12.32 — 127.2
4.757 4.310 4.560 4.500 1961 IOICORP 4.540 UNCH 1908.7 4.538 29.12 2.09 28,528.7 0.583 0.430 0.470 0.460 0112 MIKROMB 0.460 -0.010 427 0.465 19.33 3.11 198.2
1.460 1.000 1.120 1.080 4383 JTIASA 1.100 0.020 1739.4 1.100 50.23 0.45 1,071.1 0.465 0.065 0.090 0.085 0085 MLAB 0.090 0.010 7561.9 0.085 — — 51.3
25.137 22.521 24.900 24.640 2445 KLK 24.720 -0.280 242.4 24.72 26.18 2.02 26,388.7 0.268 0.153 0.215 0.200 0034 MMAG 0.210 0.010 15964.5 0.208 — — 95.7
3.690 2.982 3.500 3.500 2453 KLUANG 3.500 -0.050 11.8 3.500 52.55 0.29 221.1 2.028 0.512 1.800 1.730 0113 MMSV 1.780 0.040 611.7 1.767 13.75 1.12 290.1
4.900 3.209 4.390 4.290 5027 KMLOONG 4.340 0.080 76.7 4.340 14.02 3.92 1,353.2 0.130 0.055 0.090 0.080 0103 MNC 0.090 0.005 6711.7 0.085 — — 43.1
0.682 0.515 0.540 0.535 1996 KRETAM 0.535 -0.005 200 0.538 35.91 1.87 1,245.3 0.310 0.165 0.230 0.220 0156 MPAY 0.225 0.005 2433.5 0.224 — — 159.9
1.750 1.350 1.410 1.410 6572 KWANTAS 1.410 UNCH 5 1.410 11.06 — 439.5 0.684 0.121 0.170 0.155 0092 MTOUCHE 0.165 0.010 4464.5 0.163 23.91 — 83.9
1.500 1.200 — — 4936 MALPAC 1.200 — — — — — 90.0 1.140 0.616 0.935 0.900 0108 N2N 0.920 Unch 1104.4 0.913 20.40 2.17 439.0
0.949 0.790 0.830 0.830 5026 MHC 0.830 -0.060 15.6 0.830 10.30 1.81 163.1 0.110 0.020 0.045 0.040 0020 NETX 0.040 Unch 28704.5 0.043 16.00 — 79.0
2.388 1.700 — — 5047 NPC 1.950 — — — 6.54 0.51 234.0 0.055 0.030 0.040 0.035 0096 NEXGRAM 0.040 0.005 731 0.037 — — 75.3
4.206 3.671 — — 2038 NSOP 3.800 — — — 30.77 1.58 266.8 0.145 0.070 0.145 0.130 0026 NOVAMSC 0.145 0.015 32166.8 0.139 — — 99.1
0.315 0.185 0.200 0.190 1902 PINEPAC 0.200 0.010 30 0.191 — — 30.0 0.662 0.355 0.375 0.365 0035 OPCOM 0.365 Unch 128.6 0.372 21.35 10.96 58.9
1.380 0.850 — — 9695 PLS 0.850 — — — — — 277.7 0.379 0.280 0.290 0.290 0040 OPENSYS 0.290 Unch 96.1 0.290 18.35 3.45 86.4
0.550 0.365 0.375 0.370 5113 RSAWIT 0.375 -0.010 48.5 0.375 — — 531.9 0.380 0.115 0.120 0.115 0079 ORION 0.120 Unch 2013.8 0.115 — — 71.9
3.914 3.341 — — 2542 RVIEW 3.850 — — — 14.35 2.08 249.7 0.015 0.005 — — 0022 PARLO 0.050 — — — — — 0.5
3.259 2.891 3.080 3.060 2569 SBAGAN 3.080 0.020 5 3.072 — 0.65 204.3 0.230 0.135 0.160 0.150 0123 PRIVA 0.160 0.005 690.6 0.154 — — 89.3
0.720 0.510 — — 4316 SHCHAN 0.600 — — — — — 72.0 0.944 0.535 0.780 0.750 0106 REXIT 0.780 0.050 946.6 0.767 17.97 3.85 147.7
6.000 4.580 5.580 5.480 5285 SIMEPLT 5.490 -0.510 9040.3 5.499 10.23 — 37,336.6 0.430 0.261 0.335 0.320 0178 SEDANIA 0.325 Unch 722.1 0.327 75.58 3.08 73.4
0.190 0.055 0.090 0.080 0060 SKH 0.085 -0.005 5367.8 0.085 35.42 — 47.1
4.720 3.480 3.990 3.900 5126 SOP 3.960 0.060 52.9 3.973 9.72 1.26 2,260.4
0.275 0.120 0.235 0.215 0169 SMTRACK 0.215 -0.020 3885.9 0.221 — — 29.2
1.870 1.520 1.760 1.730 5135 SWKPLNT 1.750 -0.050 120.4 1.749 14.14 — 490.0 0.343 0.205 0.225 0.220 0093 SOLUTN 0.225 Unch 446.3 0.224 7.71 4.44 69.0
0.730 0.435 0.460 0.445 2054 TDM 0.460 0.010 767.1 0.452 418.18 1.09 762.6 0.360 0.115 0.180 0.175 0129 SRIDGE 0.180 0.010 4117 0.178 — — 21.8
1.184 1.020 1.060 1.040 5112 THPLANT 1.060 -0.090 104.6 1.055 5.96 1.51 936.9 0.470 0.220 0.355 0.330 0050 SYSTECH 0.350 0.025 6225 0.344 66.04 0.86 121.7
1.918 1.560 1.670 1.650 9059 TSH 1.660 0.010 173.7 1.655 32.11 1.20 2,293.8 0.180 0.130 0.140 0.135 0132 TDEX 0.140 0.005 80 0.136 116.67 — 69.2
7.080 5.580 6.520 6.510 2593 UMCCA 6.520 0.010 6 6.520 16.67 2.76 1,366.6 0.515 0.055 0.455 0.435 0005 UCREST 0.445 0.010 7286.8 0.445 51.74 — 152.4
28.400 25.474 28.060 28.040 2089 UTDPLT 28.040 -0.040 1.3 28.05 14.55 1.43 5,836.1 0.965 0.224 0.635 0.615 0120 VIS 0.620 Unch 601.5 0.624 15.46 0.53 104.5
HOTELS 0.190 0.115 0.140 0.130 0069 VIVOCOM 0.140 0.010 37489.2 0.135 33.33 — 475.1
0.628 0.505 0.525 0.520 5592 GCE 0.525 0.005 7 0.524 — 3.81 103.4 0.155 0.070 0.140 0.130 0066 VSOLAR 0.140 0.010 5176.7 0.139 — — 54.0
1.000 0.685 0.855 0.805 1643 LANDMRK 0.850 0.055 1384 0.842 — — 449.6 0.070 0.020 — — 0141 WINTONI 0.035 — — — — — 18.0
0.230 0.125 0.155 0.145 1287 PMHLDG 0.155 0.005 807 0.153 387.50 — 144.0 0.275 0.090 0.190 0.180 0086 YGL 0.190 0.010 221 0.182 — — 44.1
5.588 4.832 5.050 5.020 5517 SHANG 5.020 -0.050 2 5.035 28.67 2.79 2,208.8 TRADING SERVICES
TECHNOLOGY 0.400 0.210 0.250 0.235 0122 AIM 0.250 -0.005 1190 0.249 — — 66.5
0.880 0.600 — — 7031 AMTEL 0.665 — — — — — 32.8 0.165 0.065 0.110 0.105 0048 ANCOMLB 0.105 -0.005 30.5 0.110 — — 49.7
0.420 0.200 0.275 0.245 5195 CENSOF 0.275 0.025 2897.8 0.266 — — 138.0 0.250 0.155 0.165 0.160 0187 BCMALL 0.165 0.005 1774.6 0.165 27.97 — 69.5
0.615 0.110 0.615 0.550 0051 CUSCAPI 0.600 0.055 31502.1 0.587 — — 297.9 0.392 0.285 — — 0011 BTECH 0.290 — — — 18.35 5.52 73.1
0.790 0.293 0.790 0.745 7204 D&O 0.785 0.040 19086.9 0.776 51.64 — 788.2 0.235 0.118 0.160 0.155 0150 FINTEC 0.160 Unch 13049.8 0.159 0.98 — 74.4
0.710 0.130 0.335 0.295 8338 DATAPRP 0.330 0.035 19735.2 0.318 — — 139.1 0.320 0.180 — — 0157 FOCUSP 0.190 — — — — — 31.4
0.235 0.120 0.125 0.120 0029 DIGISTA 0.120 -0.005 510.8 0.122 — — 79.0 0.759 0.430 0.510 0.500 0039 GFM 0.510 0.010 60.8 0.501 20.82 2.84 218.3
1.543 1.210 1.250 1.220 5162 ECS 1.250 0.030 52.7 1.226 8.23 4.40 225.0 0.900 0.600 0.640 0.610 0147 INNITY 0.640 -0.010 11 0.613 — — 88.6
1.670 0.563 1.570 1.530 0065 EFORCE 1.550 -0.050 677 1.546 98.10 0.81 641.3 0.330 0.245 0.305 0.290 0193 KAB 0.300 Unch 7337.4 0.298 10.31 — 96.0
2.895 1.324 2.710 2.690 0090 ELSOFT 2.710 0.010 94.5 2.695 24.15 1.85 746.3 0.310 0.170 0.185 0.175 0180 KTC 0.185 0.005 253.9 0.179 97.37 — 94.4
0.350 0.135 0.175 0.170 0167 MCLEAN 0.170 -0.010 26.7 0.174 — — 30.4
1.870 0.855 1.570 1.410 0021 GHLSYS 1.540 0.020 549.7 1.528 50.33 0.32 1,015.5 0.440 0.200 0.210 0.210 0081 MEGASUN 0.210 -0.005 30 0.210 10.55 — 46.1
0.575 0.230 0.575 0.545 0082 GPACKET 0.570 0.020 22169.5 0.564 — — 432.5 0.280 0.170 0.175 0.175 0153 OVERSEA 0.175 -0.015 3.1 0.175 — — 43.1
0.280 0.175 — — 0056 GRANFLO 0.240 — — — 16.55 — 115.9 0.200 0.115 0.150 0.145 0177 PASUKGB 0.145 Unch 2678.1 0.149 — — 117.7
6.900 3.374 6.600 6.560 7022 GTRONIC 6.590 -0.010 858 6.582 57.40 0.61 1,880.2 0.450 0.260 — — 0006 PINEAPP 0.385 — — — 68.75 — 18.7
0.940 0.508 0.700 0.685 5028 HTPADU 0.700 UNCH 54.7 0.694 8.27 7.14 70.9 0.375 0.235 0.305 0.290 0171 PLABS 0.300 0.010 546.7 0.294 18.07 2.33 64.4
3.480 1.938 3.450 3.390 0166 INARI 3.430 0.030 5800.3 3.431 27.22 2.51 7,037.5 0.350 0.123 0.290 0.280 0186 PTRANS 0.285 0.005 2490 0.285 12.61 2.56 358.4
0.435 0.115 0.150 0.150 9393 ITRONIC 0.150 0.005 30 0.150 — — 15.4 0.355 0.060 0.340 0.325 0007 PUC 0.340 0.010 56458.4 0.335 200.0 — 476.8
0.668 0.415 0.435 0.415 5161 JCY 0.430 0.010 1670.3 0.426 20.28 8.72 893.0 0.005 0.005 — — 0110 RA 0.005 — — — 10.00 — 4.8
20.500 9.402 19.800 19.100 9334 KESM 19.620 0.120 39.5 19.48 18.60 0.64 843.9 0.615 0.280 0.425 0.410 0032 REDTONE 0.410 -0.015 584.2 0.415 — — 310.9
0.340 0.075 0.250 0.235 0143 KEYASIC 0.245 UNCH 21196 0.246 — — 218.2 0.635 0.380 0.420 0.400 0173 REV 0.410 0.010 964.7 0.412 1.04 — 55.2
14.410 7.208 12.500 12.220 3867 MPI 12.320 -0.300 27.9 12.32 13.41 2.35 2,585.8 0.698 0.452 0.510 0.510 0158 SCC 0.510 Unch 12.3 0.510 11.70 6.12 72.0
1.467 0.965 1.230 1.230 5011 MSNIAGA 1.230 UNCH 10 1.230 13.03 4.07 74.3 0.275 0.165 0.200 0.195 0161 SCH 0.200 0.005 504.3 0.197 47.62 4.25 82.4
1.327 0.443 0.640 0.610 0083 NOTION 0.630 -0.005 1655.8 0.620 13.79 4.37 208.3 0.300 0.145 0.180 0.175 0117 SMRT 0.180 Unch 319 0.180 — — 65.1
0.605 0.435 0.535 0.525 9008 OMESTI 0.530 UNCH 353.1 0.530 — — 228.4 0.265 0.100 0.265 0.245 0140 STERPRO 0.265 0.020 7175.6 0.261 — — 75.9
0.375 0.225 0.255 0.245 0041 PANPAGE 0.255 0.010 708 0.249 — — 67.7 0.295 0.109 0.280 0.270 0080 STRAITS 0.275 0.015 5770.3 0.273 36.67 — 101.2
3.140 0.614 3.060 2.920 7160 PENTA 2.940 -0.090 5847.4 3.002 26.25 — 930.8 0.907 0.750 0.790 0.790 0089 TEXCYCL 0.790 -0.030 24.5 0.790 10.66 0.51 202.4
0.675 0.250 0.480 0.460 9075 THETA 0.480 0.020 360.1 0.471 — — 51.5 0.230 0.105 0.145 0.145 0145 TFP 0.145 Unch 80 0.145 — — 29.7
0.232 0.040 0.050 0.040 0118 TRIVE 0.050 0.005 11427 0.045 23.81 — 86.9 0.145 0.095 0.105 0.100 0165 XOX 0.105 0.005 3698.7 0.103 16.41 — 98.4
4.158 2.243 3.660 3.540 5005 UNISEM 3.660 0.010 315.8 3.616 15.02 3.01 2,685.8 FINANCE
0.965 0.415 0.660 0.600 0053 OSKVI 0.650 -0.010 56.9 0.610 3.72 3.08 128.4
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(‘000)
EXE
PRICE PRICE
PR’M
(%)
EXPIRY
DATE
0.340 0.180 0.275 0.265 5168C4 HARTA-C4 0.275 -0.005 1147 10.660 9.400 8.82 24/08/2018
Main Market & Ace Market Warrants 0.355 0.275 0.285 0.275 5168C5 HARTA-C5 0.275 -0.010 30 10.660 10.00 10.58 25/06/2018
0.670 0.070 0.555 0.555 5168CZ HARTA-CZ 0.555 -0.055 10 10.660 7.500 -1.01 12/02/2018
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 1.710 0.310 1.500 1.410 4324CA HENGYUAN-CA 1.500 0.160 268.1 17.960 6.000 0.22 22/02/2018
1.810 0.270 1.550 1.450 4324CB HENGYUAN-CB 1.550 0.160 45 17.960 8.800 0.78 28/02/2018
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 1.540 0.255 1.380 1.200 4324CD HENGYUAN-CD 1.380 0.190 1394.9 17.960 7.000 0.45 19/03/2018
1.170 0.170 1.040 0.915 4324CE HENGYUAN-CE 1.030 0.180 655.3 17.960 8.800 0.61 19/03/2018
0.315 0.155 0.255 0.255 70310 A50CHIN-C10 0.255 0.035 160 7.956 8.035 5.80 28/03/2018 1.080 0.175 0.930 0.820 4324CF HENGYUAN-CF 0.930 0.175 464 17.960 8.880 1.22 22/03/2018
0.110 0.025 0.045 0.035 523810 AAX-C10 0.035 0.005 139.9 0.355 0.400 22.54 26/04/2018 1.280 0.265 1.170 1.020 4324CG HENGYUAN-CG 1.170 -0.060 32.9 17.960 7.000 4.12 30/03/2018
0.120 0.035 0.055 0.045 523811 AAX-C11 0.050 0.015 2075.1 0.355 0.380 21.13 21/06/2018 0.995 0.125 0.910 0.750 4324CH HENGYUAN-CH 0.910 0.160 7997.9 17.960 8.000 5.35 29/06/2018
0.095 0.025 0.045 0.035 523812 AAX-C12 0.040 0.010 1885 0.355 0.360 14.93 30/03/2018 0.620 0.145 0.560 0.480 4324CI HENGYUAN-CI 0.555 0.065 3437.5 17.960 7.880 5.68 29/06/2018
0.310 0.145 0.185 0.160 5238WA AAX-WA 0.180 0.025 10605.5 0.355 0.460 80.28 08/06/2020 0.595 0.125 0.540 0.445 4324CJ HENGYUAN-CJ 0.540 0.115 10588 17.960 8.580 7.91 29/06/2018
0.110 0.085 0.100 0.100 2488CU ABMB-CU 0.100 -0.010 20 4.060 3.880 10.34 31/07/2018 0.850 0.150 0.760 0.590 4324CK HENGYUAN-CK 0.755 0.165 6581 17.960 10.500 34.13 24/07/2018
0.330 0.060 0.135 0.120 7315WB AHB-WB 0.130 0.005 613 0.275 0.200 20.00 28/08/2019 0.830 0.280 0.730 0.635 4324CL HENGYUAN-CL 0.730 0.110 416.9 17.960 10.600 7.80 31/07/2018
0.200 0.055 0.065 0.060 509953 AIRASIAC53 0.065 Unch 1129 3.340 3.200 1.65 02/02/2018 0.670 0.330 0.580 0.480 4324CM HENGYUAN-CM 0.580 0.120 9134 17.960 12.300 10.47 25/06/2018
0.185 0.095 0.115 0.115 509958 AIRASIAC58 0.115 -0.005 50 3.340 3.300 12.57 26/04/2018 1.550 0.920 0.940 0.940 5095WB HEVEA-WB 0.940 -0.030 4 1.160 0.250 2.59 28/02/2020
0.510 0.130 0.295 0.285 5014CS AIRPORT-CS 0.290 -0.040 230.1 8.690 7.350 -0.40 02/02/2018 0.225 0.075 0.180 0.175 5072WB HIAPTEK-WB 0.180 0.005 2726.7 0.420 0.500 61.90 23/06/2021
0.275 0.065 0.095 0.095 5014CT AIRPORT-CT 0.095 -0.040 20 8.690 8.200 0.92 25/01/2018 0.140 0.120 0.140 0.120 0188WA HLT-WA 0.135 Unch 4621.3 0.285 0.200 17.54 27/12/2022
0.165 0.010 0.010 0.010 5014CU AIRPORT-CU 0.010 -0.015 3.3 3.468 9.500 175.23 22/01/2018 0.530 0.125 0.200 0.140 5169WA HOHUP-WA 0.195 0.050 89 0.560 0.600 41.96 21/12/2018
0.145 0.030 0.065 0.055 5014CV AIRPORT-CV 0.065 -0.010 116.3 8.690 8.800 6.50 30/04/2018 0.385 0.220 0.235 0.230 5160WA HOMERIZ-WA 0.230 -0.010 5 0.905 0.920 27.07 09/07/2020
0.195 0.165 0.175 0.165 5014CX AIRPORT-CX 0.175 -0.005 100.1 8.690 8.580 10.82 30/08/2018 0.225 0.115 0.195 0.195 7213WB HOVID-WB 0.195 Unch 499 0.375 0.180 0.00 05/06/2018
0.420 0.165 0.190 0.185 7609WA AJIYA-WA 0.190 -0.005 182.8 0.600 0.920 85.00 28/08/2021 0.055 0.010 0.030 0.025 7013WA HUBLINE-WA 0.030 Unch 1899.7 0.140 3.200 2,208 04/11/2019
0.135 0.010 0.025 0.020 1015C1 AMBANK-C1 0.025 Unch 569.9 4.450 5.000 14.04 30/04/2018 0.105 0.020 0.085 0.075 7013WB HUBLINE-WB 0.080 0.010 3318.2 0.140 0.200 100.00 20/12/2020
0.090 0.070 0.075 0.075 1015C4 AMBANK-C4 0.075 -0.005 40 4.450 4.580 13.03 31/07/2018 0.050 0.015 0.040 0.035 9601WD HWGB-WD 0.040 Unch 2862.5 0.065 0.080 84.62 15/03/2021
0.200 0.080 0.160 0.140 1015C5 AMBANK-C5 0.160 -0.040 744.6 4.450 4.300 5.62 28/09/2018 0.235 0.105 0.155 0.120 4251WA IBHD-WA 0.155 -0.005 54 0.530 1.410 195.28 08/10/2019
0.240 0.110 0.195 0.180 6556CE ANNJOO-CE 0.185 Unch 647.1 3.900 3.100 0.83 02/02/2018 0.380 0.155 0.180 0.180 9687WB IDEAL-WB 0.180 -0.020 1 0.675 1.000 74.81 30/03/2021
0.170 0.095 0.125 0.120 6556CF ANNJOO-CF 0.120 Unch 823.1 3.900 4.000 15.79 30/04/2018 0.055 0.015 0.035 0.035 0174WA IDMENSN-WA 0.035 Unch 1458 0.065 0.100 107.69 14/07/2020
0.115 0.065 0.080 0.080 6556CG ANNJOO-CG 0.080 Unch 55 3.900 4.380 21.13 14/05/2018 0.145 0.070 0.145 0.140 5225C6 IHH-C6 0.145 0.005 40 5.900 5.700 3.98 31/07/2018
0.155 0.090 0.135 0.130 6556CH ANNJOO-CH 0.130 0.005 1125.7 3.900 4.000 19.90 24/07/2018 0.105 0.035 0.045 0.045 333611 IJM-C11 0.045 -0.005 11.9 3.010 3.300 12.25 31/07/2018
0.130 0.085 0.130 0.115 6556CI ANNJOO-CI 0.115 -0.010 369 3.900 3.880 17.18 31/07/2018 0.023 0.003 0.005 0.005 3336C7 IJM-C7 0.005 Unch 50 1.495 3.800 155.18 12/02/2018
0.275 0.030 0.045 0.045 9342WA ANZO-WA 0.045 Unch 30 0.090 0.250 227.78 19/11/2019 0.160 0.130 0.145 0.145 16610 INARI-C10 0.145 0.005 12.5 3.430 3.800 23.47 31/07/2018
0.265 0.040 0.050 0.050 9342WB ANZO-WB 0.050 0.005 27 0.090 0.250 233.33 25/08/2023 0.380 0.080 0.370 0.365 0166C3 INARI-C3 0.370 0.005 158.7 3.430 2.600 0.61 30/01/2018
0.070 0.030 0.035 0.035 9342WC ANZO-WC 0.035 -0.005 583.6 0.090 0.200 161.11 18/06/2020 0.335 0.080 0.315 0.315 0166C4 INARI-C4 0.315 -0.005 4.6 3.430 2.500 0.44 26/04/2018
0.335 0.180 0.265 0.255 0119WA APPASIA-WA 0.260 0.005 1106.8 0.380 0.130 2.63 23/12/2024 0.540 0.095 0.535 0.525 0166C6 INARI-C6 0.535 0.020 59 3.430 2.400 1.17 30/04/2018
0.100 0.005 0.010 0.005 521027 ARMADA-C27 0.005 Unch 292 0.380 0.835 121.05 02/02/2018 0.150 0.070 0.145 0.135 0166C7 INARI-C7 0.145 0.010 5025.4 3.430 3.500 14.72 14/05/2018
0.100 0.030 0.040 0.035 521028 ARMADA-C28 0.035 -0.005 500 0.760 0.750 3.75 30/01/2018 2.650 1.300 2.640 2.610 0166WB INARI-WB 2.620 -0.010 65.4 3.430 0.800 -0.29 17/02/2020
0.155 0.085 0.100 0.100 521029 ARMADA-C29 0.100 -0.005 695 0.760 0.750 8.55 29/06/2018 0.115 0.020 0.115 0.095 0094WA INIX-WA 0.110 0.010 12907 0.135 0.100 55.56 16/11/2020
0.145 0.100 0.120 0.115 521032 ARMADA-C32 0.115 Unch 3875 0.760 0.670 7.83 29/06/2018 0.545 0.165 0.310 0.305 3379WB INSAS-WB 0.310 Unch 669 0.940 1.000 39.36 25/02/2020
0.060 0.040 0.045 0.045 521033 ARMADA-C33 0.045 Unch 1503 0.760 0.800 15.92 24/07/2018 0.120 0.085 0.120 0.105 196115 IOICORP-C15 0.115 Unch 30 4.540 4.550 5.92 31/07/2018
0.350 0.030 0.040 0.040 0068WB ASDION-WB 0.040 -0.005 270 0.145 0.500 272.41 24/03/2019 0.040 0.015 0.015 0.015 5249CP IOIPG-CP 0.015 -0.005 20 1.840 2.180 20.92 30/04/2018
0.121 0.035 0.060 0.060 0105WA ASIAPLY-WA 0.060 0.005 0.1 0.135 0.100 18.52 13/12/2020 0.160 0.070 0.125 0.120 8834WB IREKA-WB 0.125 0.015 18.9 0.650 1.000 73.08 25/06/2019
0.060 0.045 0.060 0.050 0105WB ASIAPLY-WB 0.060 0.010 7893.9 0.135 0.100 18.52 12/12/2022 0.070 0.020 0.040 0.040 7183WA IRETEX-WA 0.040 Unch 100 0.155 0.800 441.94 10/06/2019
0.060 0.055 0.055 0.055 6399C6 ASTRO-C6 0.055 -0.005 10 2.590 3.100 23.94 25/06/2018 0.063 0.023 0.035 0.035 0024WA JAG-WA 0.035 Unch 280 0.100 0.100 35.00 14/08/2019
0.664 0.095 0.270 0.255 7099WB ATTA-WB 0.265 -0.005 349.4 0.915 0.870 24.04 09/05/2022 0.045 0.020 0.030 0.025 0024WB JAG-WB 0.030 Unch 331.6 0.100 0.150 80.00 15/11/2020
0.608 0.145 0.260 0.250 7099WC ATTA-WC 0.260 -0.005 23.8 0.915 0.870 23.50 18/11/2024 0.095 0.015 0.020 0.015 5161C5 JCY-C5 0.020 Unch 360 0.430 0.550 32.56 29/06/2018
0.045 0.020 0.030 0.025 0072WA AT-WA 0.030 0.005 1102.9 0.115 0.270 160.87 28/01/2019 0.080 0.020 0.020 0.020 5161C6 JCY-C6 0.020 Unch 50 0.430 0.585 40.70 29/06/2018
0.120 0.040 0.055 0.055 0072WB AT-WB 0.055 -0.005 60 0.115 0.090 26.09 17/10/2019 0.170 0.050 0.055 0.055 9083WB JETSON-WB 0.055 -0.005 50 0.270 0.750 198.15 06/02/2019
0.100 0.045 0.060 0.060 688820 AXIATA-C20 0.060 -0.025 116.6 5.390 5.200 0.93 28/02/2018 0.110 0.065 0.085 0.075 8923WA JIANKUN-WA 0.085 0.005 807.5 0.305 0.320 32.79 23/12/2021
0.180 0.155 0.165 0.160 688822 AXIATA-C22 0.165 -0.010 516.7 5.390 5.000 8.07 29/06/2018 0.190 0.100 0.110 0.110 0170WA KANGER-WA 0.110 Unch 20 0.205 0.100 2.44 13/04/2020
0.730 0.230 0.450 0.450 7078WA AZRB-WA 0.450 Unch 80.2 0.955 0.700 20.42 13/05/2024 0.155 0.015 0.025 0.020 5247C4 KAREX-C4 0.025 0.005 56.7 1.290 1.550 23.06 30/04/2018
0.330 0.180 0.305 0.300 0098WA BAHVEST-WA 0.305 Unch 321 0.665 0.870 76.69 20/08/2024 0.225 0.120 0.180 0.170 7161CD KERJAYA-CD 0.180 0.010 161 4.030 3.400 0.00 25/01/2018
0.085 0.030 0.040 0.035 4162CJ BAT-CJ 0.040 0.005 500 37.94 43.50 17.29 31/07/2018 0.265 0.155 0.205 0.190 7161CE KERJAYA-CE 0.205 0.010 439 4.030 3.600 4.59 22/02/2018
0.450 0.260 0.295 0.290 5258WA BIMB-WA 0.290 Unch 497.4 4.280 4.720 17.06 04/12/2023 0.490 0.090 0.430 0.395 0151WA KGB-WA 0.420 0.025 687.9 0.865 0.500 6.36 12/06/2019
0.155 0.065 0.085 0.085 6998WA BINTAI-WA 0.085 Unch 65.8 0.180 0.200 58.33 15/06/2020 0.140 0.010 0.020 0.020 0036WA KGROUP-WA 0.020 Unch 362.5 0.155 0.400 170.97 02/07/2018
0.230 0.095 0.150 0.130 0179WA BIOHLDG-WA 0.140 0.005 2861.7 0.250 0.220 44.00 05/01/2022 0.120 0.035 0.045 0.040 0036WB KGROUP-WB 0.040 -0.010 113.8 0.155 0.200 54.84 01/05/2020
0.193 0.015 0.015 0.015 3239WA BJASSET-WA 0.015 Unch 60 0.455 1.000 123.08 16/03/2018 0.135 0.050 0.060 0.055 7164WB KNM-WB 0.060 0.005 106 0.225 1.000 371.11 21/04/2020
0.095 0.045 0.045 0.045 3395C5 BJCORP-C5 0.045 Unch 571.8 0.340 0.350 16.18 24/07/2018 0.095 0.049 0.070 0.070 7017WB KOMARK-WB 0.070 0.010 118 0.200 0.300 85.00 21/01/2020
0.070 0.030 0.030 0.030 3395C6 BJCORP-C6 0.030 -0.005 460.4 0.340 0.420 32.35 31/07/2018 0.165 0.065 0.120 0.105 7153CV KOSSAN-CV 0.120 0.010 55.6 8.090 7.700 5.56 19/03/2018
0.160 0.060 0.090 0.085 3395WB BJCORP-WB 0.090 Unch 37 0.340 1.000 220.59 22/04/2022 0.215 0.140 0.200 0.190 7153CW KOSSAN-CW 0.200 -0.005 500 8.090 8.000 14.96 24/08/2018
0.175 0.050 0.115 0.110 3395WC BJCORP-WC 0.115 0.005 417 0.340 1.000 227.94 29/05/2026 0.810 0.465 0.635 0.630 9385WA LAYHONG-WA 0.630 -0.005 60 0.970 0.400 6.19 13/10/2021
0.370 0.045 0.285 0.280 7187WA BKOON-WA 0.285 Unch 28.3 0.480 0.200 1.04 07/07/2023 0.130 0.040 0.100 0.100 5789CB LBS-CB 0.100 Unch 40 2.370 2.400 9.70 09/04/2018
0.066 0.025 0.025 0.025 7036WB BORNOIL-WB 0.025 Unch 48.2 0.090 0.060 -5.56 28/02/2018 1.350 0.620 1.330 1.320 5789WA LBS-WA 1.330 0.030 134.9 2.370 1.000 -1.69 11/06/2018
0.071 0.035 0.040 0.035 7036WC BORNOIL-WC 0.035 -0.005 1529.6 0.090 0.070 16.67 08/11/2025 1.100 0.400 1.100 1.070 5789WB LBS-WB 1.100 0.030 55 2.370 1.250 -0.84 04/10/2020
0.065 0.035 0.040 0.040 7036WD BORNOIL-WD 0.040 Unch 32.5 0.090 0.070 22.22 29/05/2027 0.265 0.005 0.005 0.005 5284CD LCTITAN-CD 0.005 Unch 18 0.715 6.500 811.19 30/01/2018
0.135 0.029 0.080 0.080 9938WB BRIGHT-WB 0.080 Unch 205.1 0.255 0.650 186.27 12/01/2019 0.465 0.005 0.020 0.005 5284CE LCTITAN-CE 0.010 -0.005 315.5 2.395 5.500 130.90 30/01/2018
0.235 0.110 0.140 0.140 7188WB BTM-WB 0.140 Unch 30 0.245 0.200 38.78 23/10/2024 0.300 0.055 0.180 0.180 8745WB LEWEKO-WB 0.180 -0.010 34.9 0.315 0.200 20.63 08/09/2020
0.150 0.020 0.040 0.035 181813 BURSA-C13 0.035 -0.005 290 10.12 10.50 5.48 30/03/2018 0.095 0.025 0.050 0.050 5068WA LUSTER-WA 0.050 0.005 120 0.105 0.100 42.86 03/06/2022
0.115 0.055 0.095 0.085 181814 BURSA-C14 0.090 -0.005 842.1 10.12 10.00 4.15 29/06/2018 0.080 0.015 0.065 0.060 0017WA M3TECH-WA 0.065 0.005 4532.3 0.140 0.100 17.86 21/08/2019
0.920 0.303 0.785 0.785 7174WA CAB-WA 0.785 0.005 22.3 0.965 0.170 -1.04 08/02/2020 0.120 0.015 0.020 0.015 3859C2 MAGNUM-C2 0.020 -0.010 900 1.740 1.800 5.75 22/01/2018
0.470 0.225 0.245 0.225 7076WA CBIP-WA 0.245 -0.045 105 1.760 2.400 50.28 06/11/2019 0.105 0.030 0.030 0.030 858311 MAHSING-C11 0.030 -0.005 70 1.460 1.600 11.64 30/04/2018
0.220 0.050 0.120 0.100 5195WB CENSOF-WB 0.120 0.015 3142.4 0.275 0.460 110.91 07/10/2019 0.060 0.060 0.060 0.060 858313 MAHSING-C13 0.060 -0.090 80 1.460 1.600 17.81 25/06/2018
0.240 0.150 0.230 0.220 102328 CIMB-C28 0.220 -0.010 1045.2 6.500 6.000 5.85 30/04/2018 0.240 0.050 0.060 0.050 8583WB MAHSING-WB 0.055 -0.005 1230.2 1.460 1.440 2.40 16/03/2018
0.225 0.140 0.210 0.210 102330 CIMB-C30 0.210 -0.005 925.8 6.500 6.700 13.42 29/06/2018 0.170 0.085 0.110 0.100 8583WC MAHSING-WC 0.110 0.010 185.9 1.460 2.100 51.37 21/02/2020
0.205 0.045 0.140 0.125 0102WA CONNECT-WA 0.130 0.010 250.1 0.220 0.100 4.55 17/09/2021 0.160 0.020 0.030 0.025 5264C2 MALAKOF-C2 0.025 Unch 300.1 0.890 1.050 20.79 30/04/2018
0.205 0.050 0.140 0.110 0102WB CONNECT-WB 0.120 -0.005 386.2 0.220 0.100 0.00 07/06/2021 0.090 0.015 0.030 0.015 5264C3 MALAKOF-C3 0.030 Unch 1360.1 0.890 1.000 19.10 19/03/2018
0.320 0.025 0.320 0.290 0051WA CUSCAPI-WA 0.310 0.020 14671.5 0.600 0.270 -3.33 24/04/2018 0.090 0.030 0.035 0.030 5264C4 MALAKOF-C4 0.035 Unch 1035 0.890 0.950 14.61 19/04/2018
0.810 0.305 0.500 0.500 8125WB DAIBOCI-WB 0.500 -0.010 4.4 2.280 2.500 31.58 19/06/2022 0.085 0.025 0.025 0.025 5264C5 MALAKOF-C5 0.025 Unch 550 0.890 1.150 33.43 29/06/2018
0.035 0.005 0.020 0.015 7179WB DBE-WB 0.020 0.005 1404 0.030 0.050 133.33 22/01/2022 0.990 0.095 0.230 0.210 6181WB MALTON-WB 0.220 0.005 5904.6 0.935 1.000 30.48 29/06/2018
0.220 0.120 0.155 0.150 3484WA DBHD-WA 0.155 0.005 64.5 0.515 0.580 42.72 27/11/2020 0.500 0.278 0.335 0.310 5236WA MATRIX-WA 0.335 -0.005 90.1 2.200 2.400 24.32 20/07/2020
0.150 0.055 0.145 0.135 727718 DIALOG-C18 0.140 -0.005 500 2.500 2.300 4.88 30/03/2018 0.190 0.035 0.115 0.090 115531 MAYBANKC31 0.110 0.010 2181.8 9.660 9.500 1.76 28/02/2018
0.245 0.115 0.230 0.220 727723 DIALOG-C23 0.225 -0.005 380 2.500 2.300 5.50 30/08/2018 0.245 0.125 0.245 0.215 115534 MAYBANKC34 0.240 0.020 1578.1 9.660 9.250 1.97 30/08/2018
0.100 0.075 0.085 0.085 727725 DIALOG-C25 0.085 -0.005 90 2.500 2.900 23.48 31/07/2018 0.160 0.130 0.150 0.150 115535 MAYBANKC35 0.150 0.005 168 9.660 9.600 6.37 25/09/2018
0.100 0.005 0.020 0.020 694719 DIGI-C19 0.020 Unch 70 3.094 5.100 66.13 02/02/2018 0.120 0.090 0.120 0.120 115536 MAYBANKC36 0.120 0.010 89.5 9.660 9.400 4.76 23/08/2018
0.150 0.035 0.140 0.130 694721 DIGI-C21 0.135 0.030 400.3 4.890 5.000 6.39 31/07/2018 0.705 0.400 0.550 0.540 5152WA MBL-WA 0.550 Unch 271.3 1.230 0.800 9.76 28/11/2022
0.165 0.050 0.060 0.060 0029WB DIGISTA-WB 0.060 -0.010 290 0.120 0.260 166.67 04/04/2023 0.230 0.005 0.010 0.005 1171C2 MBSB-C2 0.010 Unch 2159.1 0.707 1.300 85.29 02/02/2018
0.370 0.050 0.240 0.210 4456WD DNEX-WD 0.235 0.025 99615.7 0.530 0.500 38.68 30/07/2021 0.105 0.010 0.020 0.015 1171C3 MBSB-C3 0.020 0.005 300 1.130 1.350 23.01 28/02/2018
0.280 0.060 0.190 0.180 7114WA DNONCE-WA 0.185 -0.005 1017.2 0.360 0.250 20.83 25/11/2020 0.115 0.030 0.060 0.045 1171C4 MBSB-C4 0.060 0.020 5334.2 1.130 1.250 15.93 29/06/2018
0.145 0.050 0.065 0.060 5265WA DOLPHIN-WA 0.060 Unch 482.3 0.190 0.800 352.63 29/03/2021 0.105 0.050 0.070 0.055 1171C5 MBSB-C5 0.070 0.015 53872 1.130 1.050 11.50 30/04/2018
0.340 0.185 0.250 0.210 7169WA DOMINAN-WA 0.250 0.035 35 1.320 1.300 17.42 10/09/2020 0.065 0.015 0.035 0.015 1171C6 MBSB-C6 0.030 0.010 14719.5 1.130 1.400 29.20 14/05/2018
0.070 0.035 0.050 0.045 7198WB DPS-WB 0.050 0.005 379.8 0.080 0.100 87.50 15/01/2025 0.155 0.090 0.150 0.105 1171C7 MBSB-C7 0.140 0.035 3917.7 1.130 1.100 9.73 28/09/2018
0.245 0.040 0.245 0.070 161937 DRBHCOMC37 0.240 0.170 133437.2 2.260 1.850 3.10 30/03/2018 0.085 0.050 0.075 0.070 1171C8 MBSB-C8 0.075 0.020 310 1.130 1.200 19.47 31/07/2018
0.185 0.035 0.185 0.070 161938 DRBHCOMC38 0.185 0.130 4492.3 2.260 1.780 -0.77 30/01/2018 0.260 0.040 0.075 0.055 0167WB MCLEAN-WB 0.075 0.010 30.1 0.170 0.250 91.18 07/10/2020
0.160 0.045 0.160 0.090 161939 DRBHCOMC39 0.160 0.105 1855 2.260 1.880 4.42 30/03/2018 0.115 0.040 0.075 0.075 5040WA MEDAINC-WA 0.075 0.015 1 0.480 0.500 19.79 13/08/2021
0.125 0.030 0.125 0.075 161940 DRBHCOMC40 0.125 0.085 2466 2.260 2.000 5.09 30/03/2018 0.050 0.003 0.015 0.005 4502CK MEDIA-CK 0.010 Unch 1560.6 0.730 1.000 39.73 28/02/2018
0.100 0.020 0.100 0.035 161941 DRBHCOMC41 0.100 0.075 18562.4 2.260 2.150 8.41 30/03/2018 0.365 0.140 0.150 0.145 1694WB MENANG-WB 0.150 Unch 213.2 0.890 1.000 29.21 09/07/2019
0.340 0.095 0.340 0.155 161942 DRBHCOMC42 0.340 0.190 14042.2 2.260 1.650 3.10 31/05/2018 0.515 0.100 0.450 0.425 0075WA MEXTER-WA 0.445 0.015 535.5 0.590 0.130 -2.54 17/09/2018
0.235 0.085 0.235 0.115 161943 DRBHCOMC43 0.235 0.120 8821.8 2.260 1.600 1.99 30/03/2018 0.145 0.030 0.030 0.030 3069CA MFCB-CA 0.030 -0.005 300 3.690 3.950 10.70 02/02/2018
0.220 0.075 0.220 0.095 161944 DRBHCOMC44 0.220 0.125 33845.8 2.260 2.000 7.96 09/04/2018 2.330 0.620 2.110 2.050 3069WA MFCB-WA 2.100 0.010 170.1 3.690 2.220 17.07 08/04/2020
0.230 0.080 0.230 0.100 161945 DRBHCOMC45 0.230 0.125 22337 2.260 1.950 8.67 29/06/2018 0.090 0.005 0.015 0.010 5186C3 MHB-C3 0.015 Unch 187.2 0.820 0.900 13.41 25/01/2018
0.265 0.135 0.265 0.165 161946 DRBHCOMC46 0.265 0.115 2851 2.260 1.650 8.19 27/07/2018 0.100 0.025 0.040 0.040 5186C5 MHB-C5 0.040 Unch 1812.2 0.820 0.900 19.51 14/05/2018
0.065 0.060 0.065 0.065 5216C5 DSONIC-C5 0.065 Unch 592.2 1.180 1.290 20.34 31/07/2018 0.225 0.110 0.155 0.150 5186C6 MHB-C6 0.155 -0.010 212.2 0.820 0.800 12.68 30/08/2018
0.320 0.060 0.125 0.095 3417WB E&O-WB 0.125 0.020 150.2 1.430 2.600 90.56 21/07/2019 0.055 0.045 0.055 0.055 5186C9 MHB-C9 0.055 0.010 10 0.820 1.000 42.07 25/06/2018
0.033 0.010 0.020 0.020 0154WB EAH-WB 0.020 Unch 20 0.040 0.090 175.00 24/02/2019 0.070 0.020 0.045 0.045 7219WA MINETEC-WA 0.045 Unch 700 0.135 0.150 44.44 27/11/2019
0.033 0.013 0.020 0.020 0154WC EAH-WC 0.020 Unch 4.9 0.040 0.070 125.00 18/06/2019 0.270 0.130 0.155 0.140 5576WC MINHO-WC 0.155 0.015 173.2 0.475 0.500 37.89 02/08/2021
0.030 0.020 0.025 0.020 0154WD EAH-WD 0.020 Unch 703.6 0.040 0.050 75.00 25/10/2022 0.115 0.020 0.050 0.035 381612 MISC-C12 0.050 0.005 872.8 7.420 7.500 3.10 30/03/2018
0.195 0.095 0.115 0.115 3557WC ECOFIRS-WC 0.115 Unch 12.2 0.305 0.300 36.07 10/09/2019 0.195 0.115 0.195 0.165 381614 MISC-C14 0.195 0.005 128.4 7.420 7.050 2.24 28/09/2018
0.185 0.100 0.140 0.125 5253CF ECONBHD-CF 0.135 0.005 1410.1 1.210 1.180 10.91 22/03/2018 0.600 0.200 0.250 0.240 9571WD MITRA-WD 0.240 -0.025 25 0.805 1.090 65.22 23/08/2020
0.170 0.080 0.080 0.080 5253CG ECONBHD-CG 0.080 -0.010 100 1.210 1.240 10.41 30/03/2018 0.105 0.016 0.045 0.040 0085WA MLAB-WA 0.045 Unch 483 0.090 0.090 50.00 24/04/2020
0.095 0.075 0.085 0.080 5253CI ECONBHD-CI 0.085 0.010 270 1.210 1.340 21.42 24/07/2018 0.070 0.025 0.030 0.030 0085WB MLAB-WB 0.030 Unch 91 0.090 0.150 100.00 10/09/2020
0.100 0.055 0.065 0.060 8206CK ECOWLD-CK 0.065 0.010 800 1.390 1.500 17.27 31/07/2018 1.200 0.335 1.180 1.150 7595WA MLGLOBAL-WA 1.180 Unch 86.2 1.750 0.500 -4.00 27/10/2019
0.070 0.060 0.070 0.070 8206CN ECOWLD-CN 0.070 0.010 400 1.390 1.650 28.78 25/06/2018 0.085 0.055 0.085 0.070 0034WB MMAG-WB 0.080 0.010 63116.1 0.210 0.200 33.33 27/11/2022
0.710 0.340 0.365 0.350 8206WA ECOWLD-WA 0.365 0.010 162.1 1.390 2.080 75.90 26/03/2022 0.115 0.005 0.015 0.015 2194C6 MMCCORP-C6 0.015 Unch 1100 2.000 2.450 24.00 30/04/2018
0.095 0.020 0.035 0.035 0107WA EDUSPEC-WA 0.035 Unch 238.9 0.135 0.180 59.26 24/12/2018 0.170 0.055 0.115 0.095 2194C8 MMCCORP-C8 0.115 Unch 686 2.000 2.000 8.63 31/07/2018
1.360 0.360 1.220 1.190 0065WA EFORCE-WA 1.200 Unch 443.1 1.550 0.340 -0.65 17/07/2019 0.055 0.020 0.035 0.035 0103WA MNC-WA 0.035 Unch 1390.4 0.090 0.100 50.00 05/11/2021
0.557 0.283 0.395 0.390 8907WC EG-WC 0.390 Unch 105.3 0.670 0.500 32.84 03/11/2020 0.105 0.030 0.035 0.030 5237CI MPHBCAP-CI 0.035 Unch 900 1.240 1.500 26.61 31/05/2018
0.030 0.010 0.015 0.015 7182WA EKA-WA 0.015 Unch 200 0.085 0.200 152.94 22/01/2019 0.105 0.055 0.085 0.085 3867CH MPI-CH 0.085 -0.005 200 12.32 13.50 18.55 29/06/2018
0.110 0.010 0.020 0.015 8877CD EKOVEST-CD 0.015 -0.010 2842 0.925 1.150 27.57 22/02/2018 0.060 0.020 0.030 0.030 0070WA MQTECH-WA 0.030 Unch 240 0.065 0.100 100.00 21/11/2021
0.080 0.030 0.045 0.035 8877CE EKOVEST-CE 0.040 -0.005 849.5 0.925 1.200 39.68 29/06/2018 0.110 0.015 0.020 0.020 165118 MRCB-C18 0.020 Unch 445.7 1.160 1.484 30.90 28/02/2018
0.130 0.085 0.095 0.095 8877CF EKOVEST-CF 0.095 Unch 524.2 0.925 1.000 27.62 29/06/2018 0.060 0.020 0.040 0.040 165120 MRCB-C20 0.040 0.005 50 1.160 1.484 33.91 30/04/2018
1.350 0.475 0.555 0.540 8877WB EKOVEST-WB 0.545 Unch 755 0.925 0.480 10.81 25/06/2019 0.090 0.010 0.090 0.045 165121 MRCB-C21 0.085 0.040 22823.4 1.160 1.222 14.91 30/04/2018
0.450 0.200 0.215 0.210 5283WA EWINT-WA 0.215 Unch 306.4 1.030 1.450 61.65 02/04/2022 0.100 0.040 0.085 0.065 165123 MRCB-C23 0.080 0.010 1944.7 1.160 1.134 9.83 19/03/2018
0.570 0.145 0.420 0.420 7047WB FAJAR-WB 0.420 -0.005 105.9 0.800 0.700 40.00 24/09/2019 0.120 0.055 0.105 0.085 165124 MRCB-C24 0.105 0.015 9803 1.160 1.047 9.23 30/03/2018
0.040 0.005 0.015 0.010 06503B FBMKLCI-C3B 0.015 0.005 297 889.94 1,800 103.44 02/02/2018 0.055 0.020 0.045 0.030 165125 MRCB-C25 0.045 0.010 4372.9 1.160 1.309 20.97 30/03/2018
0.095 0.005 0.065 0.050 06503E FBMKLCI-C3E 0.065 0.015 636.4 1,782 1,770 1.11 28/02/2018 0.190 0.050 0.190 0.145 165126 MRCB-C26 0.185 0.040 4569.9 1.160 1.056 8.42 29/06/2018
0.060 0.005 0.055 0.055 06503F FBMKLCI-C3F 0.055 -0.005 243.2 1,782 1,780 1.39 30/03/2018 0.125 0.043 0.050 0.045 1651WA MRCB-WA 0.050 Unch 14875.4 1.160 1.680 49.14 14/09/2018
0.100 0.020 0.100 0.090 06503I FBMKLCI-C3I 0.100 0.010 320 1,782 1,755 1.25 30/04/2018 0.425 0.295 0.425 0.380 1651WB MRCB-WB 0.415 0.030 13732 1.160 1.250 43.53 29/10/2027
0.115 0.035 0.115 0.115 06503J FBMKLCI-C3J 0.115 0.005 16 1,782 1,740 0.83 31/05/2018 0.193 0.035 0.055 0.050 0092WB MTOUCHE-WB 0.050 -0.005 89.8 0.165 0.480 221.21 16/03/2020
0.110 0.030 0.105 0.100 06503K FBMKLCI-C3K 0.100 -0.010 638 1,782 1,750 0.97 29/06/2018 0.090 0.060 0.080 0.070 0092WC MTOUCHE-WC 0.075 -0.005 2692.2 0.165 0.200 66.67 02/11/2020
0.450 0.370 0.450 0.450 06503M FBMKLCI-C3M 0.450 0.055 0.9 1,782 1,780 4.90 29/06/2018 0.255 0.060 0.105 0.095 13816 MYEG-C16 0.105 -0.005 196 2.230 2.000 -0.90 02/02/2018
0.145 0.030 0.035 0.030 06504D FBMKLCI-H4D 0.030 -0.010 433.3 1,782 1,800 2.15 02/02/2018 0.060 0.030 0.045 0.045 13823 MYEG-C23 0.045 0.015 1 2.230 2.700 27.13 26/02/2018
0.170 0.035 0.040 0.035 06504G FBMKLCI-H4G 0.035 -0.005 320 1,558 1,770 14.72 28/02/2018 0.120 0.055 0.085 0.080 13824 MYEG-C24 0.085 0.005 1084.6 2.230 2.100 4.08 28/02/2018
0.215 0.060 0.070 0.060 06504H FBMKLCI-H4H 0.060 -0.010 160 1,782 1,780 1.53 30/03/2018 0.180 0.090 0.150 0.140 13825 MYEG-C25 0.140 Unch 54.5 2.230 2.000 3.81 29/06/2018
0.180 0.050 0.050 0.050 06504K FBMKLCI-H4K 0.050 -0.005 80 1,782 1,755 -0.15 30/04/2018 0.235 0.165 0.210 0.210 13826 MYEG-C26 0.210 0.005 20 2.230 1.700 4.48 29/06/2018
0.170 0.055 0.070 0.055 06504L FBMKLCI-H4L 0.055 -0.010 200 1,782 1,740 -0.85 31/05/2018 0.130 0.090 0.120 0.120 13828 MYEG-C28 0.120 -0.010 30 2.230 2.550 25.11 25/09/2018
0.205 0.080 0.085 0.085 06504M FBMKLCI-H4M 0.085 Unch 20 1,782 1,750 0.55 29/06/2018 0.170 0.090 0.140 0.140 13829 MYEG-C29 0.140 Unch 7 2.230 2.200 9.64 28/09/2018
0.330 0.315 0.320 0.315 06504N FBMKLCI-H4N 0.315 -0.015 250 1,782 1,730 0.58 29/06/2018 0.065 0.010 0.025 0.025 0020WB NETX-WB 0.025 Unch 1772.4 0.040 0.050 87.50 08/06/2019
0.155 0.005 0.010 0.005 522228 FGV-C28 0.010 0.005 2495.5 1.800 2.050 15.28 02/02/2018 0.030 0.015 0.020 0.020 0096WA NEXGRAM-WA 0.020 0.005 5 0.040 0.100 200.00 16/05/2022
0.150 0.065 0.140 0.065 522231 FGV-C31 0.125 0.060 32348.6 1.800 1.630 7.92 30/03/2018 0.025 0.010 0.015 0.010 0096WB NEXGRAM-WB 0.015 Unch 97.2 0.040 0.260 587.50 21/07/2023
0.150 0.055 0.090 0.055 522232 FGV-C32 0.090 0.030 4437.5 1.800 1.650 4.17 30/01/2018 0.035 0.015 0.020 0.015 0096WC NEXGRAM-WC 0.020 Unch 350.1 0.040 0.100 200.00 15/01/2024
0.115 0.075 0.075 0.075 522233 FGV-C33 0.075 -0.005 80 1.800 1.800 12.50 30/03/2018 0.170 0.085 0.090 0.085 7241WA NGGB-WA 0.090 Unch 53.6 0.375 0.600 84.00 18/10/2020
0.100 0.060 0.065 0.060 522234 FGV-C34 0.060 -0.030 240 1.800 1.880 14.44 30/03/2018 0.100 0.015 0.025 0.015 7215WA NIHSIN-WA 0.020 -0.005 1155.8 0.225 0.200 -2.22 11/02/2018
0.110 0.025 0.040 0.025 522237 FGV-C37 0.040 0.010 2713.2 1.800 1.900 10.67 30/01/2018 0.415 0.195 0.260 0.255 0172WA OCK-WA 0.255 -0.005 490 0.900 0.710 7.22 15/12/2020
0.130 0.060 0.065 0.060 522238 FGV-C38 0.065 Unch 150 1.800 1.850 11.81 19/04/2018 0.255 0.075 0.125 0.120 7071WC OCR-WC 0.125 Unch 144.6 0.550 0.500 13.64 24/07/2021
0.205 0.100 0.165 0.120 522239 FGV-C39 0.165 0.045 4092.7 1.800 1.750 13.26 31/07/2018 0.200 0.050 0.120 0.120 5201CA OLDTOWN-CA 0.120 -0.005 80 3.090 2.800 2.27 02/02/2018
0.095 0.050 0.075 0.050 522240 FGV-C40 0.070 0.015 34971.3 1.800 2.200 31.17 29/06/2018 0.280 0.045 0.115 0.100 9008WB OMESTI-WB 0.110 0.005 1305.2 0.530 0.500 15.09 30/05/2018
0.100 0.075 0.100 0.090 522241 FGV-C41 0.100 0.025 9390.4 1.800 2.000 23.33 25/06/2018 0.060 0.040 0.050 0.045 0079WA ORION-WA 0.050 Unch 882.2 0.120 0.170 83.33 26/07/2022
0.110 0.045 0.055 0.055 0150WA FINTEC-WA 0.055 -0.005 417.5 0.160 0.300 121.88 19/04/2024 0.247 0.160 0.170 0.160 5053WC OSK-WC 0.165 -0.010 94.4 1.040 1.200 31.25 22/07/2020
0.090 0.060 0.075 0.075 0150WB FINTEC-WB 0.075 -0.005 42.8 0.160 0.150 40.63 03/12/2022 0.520 0.155 0.445 0.425 7052CM PADINI-CM 0.440 -0.020 200 5.200 3.750 1.73 22/02/2018
0.425 0.035 0.360 0.355 0116WC FOCUS-WC 0.355 -0.010 794.4 0.415 0.050 -2.41 06/11/2019 0.290 0.105 0.240 0.235 7052CN PADINI-CN 0.235 -0.010 33 5.200 4.500 4.62 29/06/2018
0.095 0.035 0.045 0.045 9377WA FSBM-WA 0.045 Unch 2 0.230 0.300 50.00 16/05/2022 0.180 0.150 0.155 0.150 7052CR PADINI-CR 0.155 -0.005 800 5.200 5.350 20.77 24/08/2018
0.740 0.365 0.435 0.420 9261WB GADANG-WB 0.425 0.005 743.9 0.425 1.060 249.41 29/11/2021 0.300 0.105 0.215 0.200 5125WA PANTECH-WA 0.200 -0.015 264.3 0.650 0.500 7.69 21/12/2020
0.110 0.025 0.035 0.035 539839 GAMUDA-C39 0.035 -0.005 1038.1 4.900 5.350 11.33 31/05/2018 0.300 0.105 0.225 0.205 5125WB PANTECH-WB 0.210 -0.005 48.4 0.650 0.500 9.23 21/12/2021
0.120 0.095 0.115 0.115 539842 GAMUDA-C42 0.115 Unch 115 4.900 4.800 9.69 27/07/2018 0.045 0.020 0.045 0.030 7225WB PA-WB 0.040 0.010 174954.5 0.070 0.060 42.86 17/12/2022
0.150 0.120 0.140 0.140 539843 GAMUDA-C43 0.140 -0.010 452.8 4.900 5.000 12.04 31/07/2018 0.165 0.040 0.125 0.125 129515 PBBANK-C15 0.125 Unch 89.9 20.76 20.30 0.79 30/04/2018
0.160 0.150 0.155 0.155 539844 GAMUDA-C44 0.155 -0.005 500 4.900 5.000 13.11 25/06/2018 0.155 0.110 0.135 0.135 518311 PCHEM-C11 0.135 -0.015 550 7.850 7.150 -0.32 30/01/2018
1.480 1.060 1.170 1.160 5398WE GAMUDA-WE 1.170 -0.010 411.7 4.900 4.050 6.53 06/03/2021 0.245 0.130 0.245 0.215 518313 PCHEM-C13 0.245 0.030 512 7.850 7.000 0.10 31/05/2018
0.650 0.125 0.640 0.615 5226WA GBGAQRS-WA 0.630 0.015 2625.3 1.950 1.300 -1.03 20/07/2018 0.185 0.140 0.185 0.185 518314 PCHEM-C14 0.185 Unch 3.5 7.850 7.300 4.78 29/06/2018
0.490 0.300 0.480 0.480 3611WA GBH-WA 0.480 -0.010 60 1.480 1.000 0.00 07/04/2020 0.105 0.075 0.105 0.100 518315 PCHEM-C15 0.105 0.005 17 7.850 8.000 8.60 14/05/2018
0.125 0.005 0.010 0.005 0078CF GDEX-CF 0.010 Unch 33 0.610 0.650 9.02 02/02/2018 0.290 0.200 0.210 0.210 9997WB PENSONI-WB 0.210 Unch 38 0.605 0.600 33.88 20/01/2024
0.080 0.055 0.055 0.055 0078CI GDEX-CI 0.055 Unch 251.8 0.610 0.700 26.48 29/06/2018 0.485 0.235 0.245 0.240 8311WC PESONA-WC 0.240 Unch 285 0.460 0.250 6.52 27/01/2020
0.070 0.045 0.050 0.050 0078CJ GDEX-CJ 0.050 -0.005 490 0.610 0.700 24.59 31/07/2018 0.085 0.050 0.055 0.055 5219CA PESTECH-CA 0.055 0.005 60 1.700 1.880 17.06 31/05/2018
0.572 0.350 0.400 0.390 0078WB GDEX-WB 0.390 0.005 111 0.610 0.383 26.64 05/02/2020 0.050 0.025 0.030 0.030 5219CB PESTECH-CB 0.030 Unch 50 1.700 1.880 14.12 31/05/2018
0.180 0.005 0.030 0.030 471526 GENM-C26 0.030 0.005 520 5.780 5.900 4.41 02/02/2018 0.130 0.020 0.070 0.065 5681CS PETDAG-CS 0.070 Unch 281.7 24.360 24.100 1.81 30/03/2018
0.165 0.065 0.165 0.130 471529 GENM-C29 0.165 0.035 317.8 5.780 5.500 6.57 31/07/2018 0.145 0.050 0.100 0.095 6033CP PETGAS-CP 0.100 -0.005 236.7 17.520 18.000 7.59 31/07/2018
0.240 0.100 0.240 0.200 471530 GENM-C30 0.240 0.030 1559.8 5.780 6.000 14.19 31/07/2018 0.160 0.100 0.160 0.160 6033CQ PETGAS-CQ 0.160 0.010 50 17.520 17.000 7.99 24/08/2018
0.135 0.070 0.135 0.125 471531 GENM-C31 0.135 0.015 290 5.780 5.800 11.56 24/07/2018 0.545 0.180 0.465 0.415 3042CD PETRONM-CD 0.455 0.035 1319 13.900 8.500 0.43 22/02/2018
0.120 0.050 0.090 0.090 318246 GENTINGC46 0.090 Unch 129 9.310 9.850 10.63 31/07/2018 0.535 0.250 0.460 0.410 3042CE PETRONM-CE 0.440 0.020 502.2 13.900 10.880 9.93 30/04/2018
0.125 0.075 0.090 0.090 318247 GENTINGC47 0.090 -0.010 5 9.310 9.990 14.07 31/07/2018 0.385 0.140 0.315 0.315 3042CF PETRONM-CF 0.315 0.030 20 13.900 11.000 6.33 09/04/2018
1.950 1.380 1.510 1.470 3182WA GENTING-WA 1.510 0.030 473.6 9.310 7.960 1.72 18/12/2018 0.305 0.140 0.265 0.245 3042CG PETRONM-CG 0.245 0.015 229 13.900 9.880 6.33 29/06/2018
0.195 0.090 0.165 0.155 3204CA GKENT-CA 0.160 -0.015 666.2 3.500 2.880 5.14 31/05/2018 0.270 0.125 0.235 0.220 3042CH PETRONM-CH 0.220 -0.010 402 13.900 10.880 9.93 29/06/2018
0.130 0.070 0.100 0.095 3204CD GKENT-CD 0.095 -0.005 102.5 3.500 3.700 16.57 31/05/2018 0.305 0.110 0.255 0.240 3042CJ PETRONM-CJ 0.245 0.015 921.2 13.900 13.000 19.96 24/07/2018
0.230 0.075 0.110 0.095 1147WA GOB-WA 0.110 Unch 6.4 0.325 0.800 180.00 24/12/2019 0.290 0.165 0.235 0.215 3042CK PETRONM-CK 0.225 0.015 2580.3 13.900 12.500 14.21 11/06/2018
0.055 0.025 0.035 0.035 7096WA GPA-WA 0.035 Unch 86.5 0.090 0.100 50.00 03/06/2025 0.425 0.095 0.410 0.395 8869C1 PMETAL-C1 0.395 -0.015 311.7 5.310 3.800 1.32 29/06/2018
0.210 0.170 0.170 0.170 7022CI GTRONIC-CI 0.170 -0.010 50 6.590 5.700 4.55 28/02/2018 0.325 0.125 0.300 0.300 8869C2 PMETAL-C2 0.300 -0.005 20 5.310 4.100 5.46 29/06/2018
0.130 0.085 0.115 0.115 7022CM GTRONIC-CM 0.115 Unch 60 6.590 6.600 14.98 24/07/2018 0.270 0.150 0.255 0.245 8869C3 PMETAL-C3 0.245 -0.020 669.9 5.310 4.300 4.05 14/05/2018
0.285 0.110 0.235 0.235 7668CA HAIO-CA 0.235 Unch 70 5.500 4.380 1.00 31/05/2018 0.270 0.145 0.240 0.225 8869C4 PMETAL-C4 0.230 -0.010 1706.8 5.310 5.000 11.49 29/06/2018
0.195 0.110 0.125 0.125 7668CD HAIO-CD 0.125 Unch 50 5.500 5.500 9.09 30/04/2018 0.215 0.140 0.200 0.195 8869C5 PMETAL-C5 0.195 -0.015 80 5.310 5.350 17.28 24/07/2018
0.195 0.085 0.150 0.150 3034CV HAPSENG-CV 0.150 -0.010 60 9.580 9.000 1.77 30/04/2018 0.220 0.085 0.200 0.190 8869C6 PMETAL-C6 0.200 Unch 234.3 5.310 5.000 9.23 28/09/2018
0.530 0.245 0.420 0.400 5168C3 HARTA-C3 0.420 -0.015 85 10.660 9.600 9.76 31/07/2018 0.870 0.220 0.835 0.815 8869CT PMETAL-CT 0.815 -0.030 800 5.310 2.900 0.66 30/04/2018
WED N E S DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Markets 2 9
G L O B A L M A R K E T S . B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

China — Stocks rally on stronger-than-
expected factory activity
SHANGHAI: China stocks started 2018 on
a bullish note following a survey showing
better-than-expected manufacturing activity
in December.
A private business survey showed
growth in China’s manufacturing sector
unexpectedly rose to to a four-month high in
December thanks to a surge in new orders.
The Caixin/Markit Manufacturing
Purchasing Managers’ Index (PMI) rose to
51.5 from 50.8 in November, and far outpaced
expectations in a Reuters poll for a dip to 50.6.
The China PMI, which pushed Asian
shares to their highest in a decade, was
somewhat at odds with a much larger official
China PMI survey on Sunday. It showed
a slowdown in growth amid a crackdown
on pollution and measures to curb risky
financing and cooling the housing market.
The difference, analysts say, stems from
the fact that the Caixin/PMI tracks smaller,
private firms, more sensitive to exports.
China is expected to have grown by
close to 7% in 2017, but the world’s second
largest economy is likely to slow in the
new year on the back of those measures,
highlighted as policy priorities at last
October’s key Communist Party congress.
Beijing is expected to target 2018 growth
at around 6.5%.
The Shanghai Composite Index (SSEC)
closed up 41.15 points or 1.24% at 3,348.33.
The blue-chip CSI300 index was up
1.4%, with its financial sector sub-index
higher by 2.05%, the consumer staples
sector up 0.51%, the real estate index up
3.79% and healthcare sub-index up 0.03%.
The smaller Shenzhen Index ended
1.05% up and the start-up board ChiNext
Composite Index was higher by 0.77%.
The largest percentage gainers in the
main SSEC were Fujian Cement Inc up
10.04%, followed by Shandong Lubei
Chemical Co Ltd gaining 10.03% and China
Jushi Co Ltd up by 10.01%.
The largest percentage losers were BOCO
Inter-Telecom Co Ltd down 5.03%, followed
by Jiangsu Protruly Vision Technology Group
Co Ltd down 4.96% and HUAYU Automotive
Systems Co Ltd down by 4.65%.
Hong Kong stocks rose the most in
three months to a decade-high yesterday,
led by mainland companies listed in the city,
after Beijing kicked off H-share convertibility
reform.
The Hang Seng Index was up 596.16
points or 1.99% at 30,515.31 and the Hang
Seng China Enterprises Index rose 3.07%
or 359.69 points to 12,068.99.
The sub-index of the Hang Seng tracking
energy shares rose 2.9%, while the IT
sector rose 2.65%, the financial sector up
2.42% and the property sector rose 2.16%.
The top gainer on the Hang Seng was
Sunny Optical Technology Group Co Ltd up
9.61%, while the biggest loser was Galaxy
Entertainment Group Ltd which lost 3.83%.
Australia — Shares inch down slightly
SYDNEY: Australian shares ended
marginally lower yesterday in lacklustre
trade as several major financial markets
worldwide remained closed for the New
Year holiday.
The S&P/ASX 200 Index ended down
0.06% or 3.8 points at 6,061.3, the lowest
close since Dec 21.
“We had anticipated the market to be
down a bit more than where we are...
there’s a bit of buying coming back in, but
the volumes are non-existent,” said Chris
Weston, institutional dealer at IG Markets.
“Everyone’s looking ahead and trying to
find out what the trends are going to be ...
the immediate catalysts are probably going
to come from European and US data.”
Financials led the losses on the index,
with the “big four” lenders shedding between
0.2% and 0.6%.
Healthcare stocks also fell, with Ramsay
Health Care Ltd and CSL Ltd sliding 1.1%
and 0.5% respectively.
Meanwhile, materials stocks lent support
to the index, as heavyweights iron ore
miners BHP Billiton and Rio Tinto Ltd
gained 0.4% and 0.9% respectively.
Rio touched its highest since August
2011, and was set for its 10th straight
session of gains, while BHP headed for
its sixth session on top.
“If you look at the last three months or
so, materials and energy stocks were the
place to be, and it looks like that’s spilling
over into the new year,” said Weston.
Shares of Brambles rose 1.8% in their
biggest single-day spike in almost six weeks
after the pallets and container company
said it estimates a US$125 million to
US$155 million one-time benefit due to
the passing of new US tax laws.
Australian initial public offerings (IPOs)
fundraising could double this year to around
A$10 billion from five-year lows in 2017,
with firms such as Deutsche Bank-backed
Latitude Financial poised to capitalise on
rallying markets and investor craving for
big deals.
Bankers around the world are looking
to the global stock market rally of the past
year to kick-start a series of big floats and
spin-offs, following years of caution and
balance sheet repair by companies that
led to a lacklustre market for IPOs.
New floats in Sydney last year raised
just US$3.9 billion — the lowest since 2012.
Thomson Reuters data shows debt-fuelled
foreign buyers snapped up companies that
could otherwise have pursued a listing.
“We could reach the A$8 billion to A$10
billion mark,” said Richard Sleijpen, UBS
head of equity capital markets, of the 2018
pipeline. “Speculated, announced and
strategic review processes suggest very
strong IPO volumes for this year.”
New Zealand is closed for a public
holiday, with the financial market reopening
for trade today. — Reuters

Shanghai Composite Hang Seng ASX 200 FT Straits Times

Index points Index points
Index points Index points
5800 30500 6100.0 3600
3,348.33
+41.15 2,774.06
(+1.24%)
4825 26830 21,056.93 5437.5 3300

3850 23160 4775.0 3000

3,087.842 6,061.300
-3.800
2875 19490 4112.5 (-0.06%) 2700 3,430.30
30,515.31 +27.38
+596.16 4,686.53 (+0.80%)
1900 15820 (+1.99%) 3450.0 2400
Mar 1, 2010 Jan 2, 2018 Mar 1, 2010 Jan 2, 2018 Mar 1, 2010 Jan 2, 2018 Mar 1, 2010 Jan 2, 2018

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(‘000)
EXE
PRICE PRICE
PR’M
(%)
EXPIRY
DATE
0.165 0.090 0.130 0.120 710632 SUPERMX-C32 0.120 -0.010 1201 1.940 1.800 11.34 24/07/2018
Main Market & Ace Market Warrants 0.150
0.220
0.085
0.085
0.115
0.090
0.110
0.085
710633
7082WB
SUPERMX-C33
SYF-WB
0.110
0.085
-0.010
-0.005
70
296
1.940 1.880 13.92 24/07/2018
0.390 0.700 101.28 11/11/2019
0.160 0.075 0.075 0.075 4898CH TA-CH 0.075 Unch 70 0.610 0.655 19.67 31/05/2018
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.330 0.065 0.080 0.080 8524WB TALIWRK-WB 0.080 0.005 20.5 1.110 1.700 60.36 11/11/2018
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.130 0.045 0.050 0.050 0132WA TDEX-WA 0.050 Unch 45 0.140 0.110 14.29 21/09/2018
0.640 0.170 0.230 0.220 7200WA TEKSENG-WA 0.230 0.010 18.4 0.390 0.250 23.08 29/01/2020
0.220 0.050 0.200 0.185 534739 TENAGA-C39 0.195 Unch 1285.9 15.220 14.600 2.33 29/06/2018
0.615 0.170 0.585 0.585 8869CU PMETAL-CU 0.585 -0.015 50 5.310 3.000 0.56 19/03/2018 0.090 0.055 0.065 0.065 534740 TENAGA-C40 0.065 -0.005 1735 15.220 16.000 9.40 24/07/2018
0.545 0.160 0.515 0.515 8869CV PMETAL-CV 0.515 -0.015 10 5.310 3.300 0.94 22/03/2018 0.210 0.095 0.190 0.190 534741 TENAGA-C41 0.190 -0.010 90 15.220 15.500 7.46 29/06/2018
5.010 2.200 4.840 4.760 8869WC PMETAL-WC 4.840 -0.120 21.2 5.310 0.390 -1.51 22/08/2019 0.490 0.215 0.290 0.290 7252WA TEOSENG-WA 0.290 0.010 30 0.895 1.350 83.24 29/01/2020
1.050 0.750 0.790 0.770 7088WB POHUAT-WB 0.770 -0.020 168.1 1.750 1.000 1.14 21/10/2020 3.350 2.490 2.750 2.700 7034WA TGUAN-WA 2.700 -0.040 12.5 4.160 1.500 0.96 09/10/2019
0.185 0.055 0.100 0.070 463411 POS-C11 0.090 0.015 6892 5.300 5.300 7.64 30/04/2018 0.025 0.005 0.005 0.005 7079WB TIGER-WB 0.005 Unch 100 0.045 0.170 288.89 23/12/2018
0.120 0.075 0.090 0.080 463413 POS-C13 0.090 0.010 933.6 5.300 6.000 25.94 29/06/2018 0.040 0.010 0.025 0.020 7079WC TIGER-WC 0.025 0.005 250.4 0.045 0.080 133.33 11/02/2021
0.100 0.100 0.100 0.100 463414 POS-C14 0.100 -0.050 50 5.300 5.400 13.21 30/08/2018 0.130 0.025 0.025 0.025 5031CO TIMECOM-CO 0.025 -0.005 150 9.100 9.750 9.07 30/04/2018
0.710 0.200 0.240 0.200 8966WA PRLEXUS-WA 0.215 -0.040 831 0.760 1.200 86.18 14/06/2021 0.125 0.040 0.080 0.080 486320 TM-C20 0.080 0.010 20 6.170 6.400 6.32 31/05/2018
0.145 0.045 0.090 0.080 7145WA PSIPTEK-WA 0.090 0.005 616.1 0.145 0.100 31.03 16/11/2019 0.280 0.125 0.180 0.180 0101WB TMCLIFE-WB 0.180 Unch 558.5 0.845 0.750 10.06 21/06/2019
0.215 0.100 0.145 0.135 0186WA PTRANS-WA 0.140 0.005 2777.4 0.285 0.235 31.58 19/09/2020 0.810 0.330 0.370 0.370 8397WC TNLOGIS-WC 0.370 Unch 22 1.330 1.000 3.01 26/12/2018
0.260 0.025 0.235 0.225 0007WA PUC-WA 0.230 Unch 4721.2 0.340 0.100 -2.94 25/12/2024 0.485 0.135 0.420 0.405 7285WA TOMYPAK-WA 0.420 -0.005 118 0.975 0.930 38.46 21/06/2021
0.245 0.015 0.220 0.215 0007WB PUC-WB 0.215 Unch 15549.3 0.340 0.100 -7.35 15/02/2019 0.420 0.080 0.375 0.365 711319 TOPGLOV-C19 0.365 -0.005 50.1 7.970 6.100 -0.56 12/02/2018
0.170 0.065 0.120 0.115 5256WA REACH-WA 0.120 0.005 1502 0.420 0.750 107.14 12/08/2022 0.350 0.090 0.320 0.315 711320 TOPGLOV-C20 0.320 0.005 485.2 7.970 5.800 0.88 30/04/2018
0.110 0.005 0.010 0.010 1066C2 RHBBANK-C2 0.010 -0.005 90 2.530 5.600 122.53 28/02/2018 0.735 0.280 0.650 0.645 711321 TOPGLOV-C21 0.645 -0.025 13.7 7.970 5.650 -0.78 31/07/2018
0.170 0.065 0.145 0.105 1066C3 RHBBANK-C3 0.145 0.035 120.1 5.060 5.000 7.41 29/06/2018 0.460 0.170 0.405 0.390 711322 TOPGLOV-C22 0.390 -0.010 372.5 7.970 6.800 4.40 31/05/2018
0.090 0.035 0.055 0.045 5270WA RSENA-WA 0.045 Unch 17670.2 0.465 0.500 17.20 01/12/2023 0.425 0.135 0.375 0.360 711323 TOPGLOV-C23 0.370 0.005 586 7.970 6.500 2.45 28/09/2018
0.150 0.030 0.035 0.035 0133WD SANICHI-WD 0.035 Unch 218.3 0.110 0.300 204.55 21/07/2019 0.255 0.125 0.220 0.220 711324 TOPGLOV-C24 0.220 Unch 76 7.970 7.000 7.43 24/07/2018
0.075 0.005 0.005 0.005 521848 SAPNRGC48 0.005 Unch 55 0.675 1.980 194.81 30/03/2018 0.200 0.095 0.175 0.175 711325 TOPGLOV-C25 0.175 -0.005 188 7.970 6.880 8.28 31/07/2018
0.145 0.010 0.010 0.010 521850 SAPNRGC50 0.010 -0.005 2009.8 0.675 1.600 140.00 29/06/2018 0.320 0.155 0.285 0.275 711326 TOPGLOV-C26 0.280 0.010 310.5 7.970 7.000 5.40 11/06/2018
0.080 0.005 0.010 0.005 521852 SAPNRGC52 0.010 Unch 2100.1 0.675 1.580 138.52 29/06/2018 0.100 0.010 0.010 0.010 7173WA TOYOINK-WA 0.010 -0.005 218.8 0.630 1.500 139.68 20/04/2018
0.065 0.005 0.005 0.005 521853 SAPNRGC53 0.005 Unch 700 0.675 1.780 165.93 29/06/2018 0.060 0.017 0.025 0.020 0118WB TRIVE-WB 0.025 Unch 822.4 0.050 0.090 130.00 28/08/2020
0.140 0.010 0.010 0.010 521854 SAPNRGC54 0.010 -0.005 220 0.675 1.500 125.93 31/05/2018 0.360 0.200 0.210 0.210 5401WA TROP-WA 0.210 Unch 45 0.915 1.000 32.24 06/12/2019
0.090 0.010 0.015 0.010 521855 SAPNRGC55 0.010 -0.005 5363.2 0.675 1.550 134.07 24/07/2018 0.460 0.025 0.410 0.390 0005WA UCREST-WA 0.395 -0.005 1425.5 0.445 0.040 -2.25 20/03/2018
0.060 0.040 0.045 0.040 521857 SAPNRGC57 0.045 -0.010 6038.1 0.675 1.450 131.48 25/06/2018 0.060 0.005 0.020 0.010 514846 UEMS-C46 0.020 0.015 1605.9 1.100 1.300 20.45 30/03/2018
0.315 0.065 0.180 0.175 5157WA SAUDEE-WA 0.180 -0.005 41.2 0.460 0.500 47.83 31/03/2021 0.150 0.035 0.070 0.035 514847 UEMS-C47 0.065 0.025 2070.3 1.100 1.000 2.73 30/01/2018
0.025 0.005 0.015 0.010 0109WB SCBUILD-WB 0.015 0.005 18032.3 0.040 0.050 62.50 06/11/2019 0.075 0.025 0.030 0.025 514848 UEMS-C48 0.030 -0.020 320 1.100 1.300 23.64 30/04/2018
0.605 0.295 0.330 0.330 7247WA SCGM-WA 0.330 Unch 0.2 2.600 3.960 65.00 31/07/2020 0.045 0.020 0.025 0.020 514849 UEMS-C49 0.025 Unch 330 1.100 1.380 30.00 30/04/2018
0.185 0.075 0.100 0.100 0161WA SCH-WA 0.100 Unch 565.5 0.200 0.100 0.00 04/12/2021 0.085 0.020 0.025 0.020 514850 UEMS-C50 0.025 Unch 40 1.100 1.240 17.27 26/04/2018
0.785 0.200 0.345 0.320 7073WB SEACERA-WB 0.320 -0.010 50 0.875 1.000 50.86 29/05/2019 0.075 0.010 0.025 0.015 514851 UEMS-C51 0.015 Unch 725.9 1.100 1.200 11.82 22/02/2018
0.330 0.090 0.305 0.300 5279CB SERBADK-CB 0.300 Unch 38 3.220 2.500 0.93 26/02/2018 0.160 0.040 0.075 0.050 514852 UEMS-C52 0.070 0.025 5190.5 1.100 1.100 7.95 31/05/2018
0.405 0.120 0.370 0.365 5279CC SERBADK-CC 0.365 -0.025 62 3.220 2.150 0.78 26/04/2018 0.045 0.020 0.030 0.020 514853 UEMS-C53 0.030 0.010 237.6 1.100 1.250 19.64 30/04/2018
0.170 0.120 0.160 0.160 5279CF SERBADK-CF 0.160 0.005 30 3.220 2.580 9.94 31/07/2018 0.050 0.045 0.050 0.045 514854 UEMS-C54 0.045 Unch 100 1.100 1.400 33.41 11/06/2018
0.150 0.085 0.125 0.125 5279CG SERBADK-CG 0.125 -0.005 100 3.220 2.880 12.73 31/07/2018 0.270 0.095 0.170 0.155 5243WA UMWOG-WA 0.170 0.010 26520.2 0.325 0.395 73.85 18/10/2024
0.185 0.165 0.175 0.170 5279CI SERBADK-CI 0.170 -0.005 91.1 3.220 3.400 24.07 31/07/2018 0.195 0.035 0.045 0.045 7091WA UNIMECH-WA 0.045 Unch 100 1.020 1.500 51.47 18/09/2018
0.215 0.090 0.105 0.100 0055WA SERSOL-WA 0.100 0.005 250 0.175 0.180 60.00 18/04/2023 0.335 0.200 0.280 0.270 0120WB VIS-WB 0.275 -0.010 301.6 0.620 0.750 65.32 16/11/2022
0.205 0.060 0.185 0.180 7165WA SGB-WA 0.185 0.010 65 0.615 0.600 27.64 07/04/2021 0.320 0.115 0.280 0.280 0097CD VITROX-CD 0.280 -0.005 40 6.220 4.800 4.18 19/04/2018
0.205 0.060 0.185 0.180 7165WA SGB-WA 0.185 0.010 65 0.615 0.600 27.64 07/04/2021 0.315 0.130 0.235 0.235 0097CE VITROX-CE 0.235 -0.020 30 6.220 5.000 3.05 09/04/2018
0.350 0.150 0.155 0.155 7246WA SIGN-WA 0.155 0.005 133 0.690 0.970 63.04 21/04/2021 0.265 0.095 0.210 0.210 0097CG VITROX-CG 0.210 -0.030 100 6.220 4.800 4.18 30/04/2018
0.055 0.005 0.030 0.025 419715 SIME-C15 0.025 0.005 613.2 2.220 10.00 356.08 19/03/2018 0.225 0.135 0.195 0.185 0097CH VITROX-CH 0.185 -0.015 106 6.220 6.500 22.35 31/07/2018
0.140 0.085 0.120 0.110 419716 SIME-C16 0.120 Unch 1120 2.220 2.500 23.42 31/07/2018 0.090 0.025 0.040 0.035 0069WB VIVOCOM-WB 0.040 Unch 18878.3 0.140 0.200 71.43 07/09/2018
0.285 0.195 0.250 0.245 419717 SIME-C17 0.250 -0.010 70.3 2.220 1.880 7.21 30/08/2018 0.125 0.050 0.085 0.075 0069WC VIVOCOM-WC 0.085 0.005 1882.3 0.140 0.100 32.14 22/01/2020
0.245 0.160 0.210 0.200 419718 SIME-C18 0.210 -0.010 78 2.220 2.000 9.01 30/08/2018 0.115 0.055 0.085 0.080 0069WD VIVOCOM-WD 0.085 0.005 4493 0.140 0.100 32.14 08/07/2020
0.160 0.130 0.155 0.150 5285CA SIMEPLT-CA 0.150 -0.010 99.8 5.490 5.650 13.84 30/08/2018 0.055 0.020 0.040 0.040 7070WB VIZIONE-WB 0.040 0.005 150 0.155 0.160 29.03 20/06/2018
0.140 0.035 0.130 0.115 5288CA SIMEPROP-CA 0.115 -0.015 2467.8 1.460 1.450 15.07 30/08/2018 0.125 0.030 0.110 0.105 7070WC VIZIONE-WC 0.105 Unch 1207.4 0.155 0.100 32.26 05/02/2022
0.190 0.120 0.165 0.150 5288CB SIMEPROP-CB 0.150 -0.030 186.6 1.460 1.680 25.34 30/08/2018 0.190 0.115 0.145 0.140 6963CS VS-CS 0.145 -0.005 983.9 3.000 2.680 8.67 29/06/2018
0.740 0.120 0.680 0.680 7155CE SKPRES-CE 0.680 -0.035 140 2.220 1.200 0.00 25/01/2018 0.280 0.205 0.215 0.210 6963CT VS-CT 0.210 -0.015 285 3.000 2.800 10.83 29/06/2018
0.450 0.110 0.425 0.410 7155CF SKPRES-CF 0.410 -0.015 51.6 2.220 1.400 0.00 08/01/2018 0.120 0.065 0.075 0.070 6963CU VS-CU 0.070 -0.005 534.9 3.000 3.500 23.67 31/05/2018
0.275 0.145 0.255 0.235 7155CG SKPRES-CG 0.240 -0.010 1314.7 2.220 1.900 9.37 29/06/2018 0.085 0.055 0.055 0.055 6963CV VS-CV 0.055 -0.015 10 3.000 3.600 27.33 14/05/2018
0.235 0.160 0.195 0.195 7155CI SKPRES-CI 0.195 -0.015 50 2.220 2.100 12.16 11/06/2018 0.110 0.080 0.095 0.090 6963CW VS-CW 0.090 -0.005 60 3.000 3.300 20.50 24/07/2018
0.245 0.040 0.050 0.050 9776WB SMCAP-WB 0.050 0.005 2 0.520 1.000 101.92 13/07/2018 1.510 0.245 1.330 1.290 6963WA VS-WA 1.320 Unch 2620.8 3.000 1.650 -1.00 06/01/2019
0.285 0.100 0.115 0.115 0093WA SOLUTN-WA 0.115 Unch 10 0.225 0.200 40.00 04/07/2021 0.150 0.045 0.080 0.075 9679C3 WCT-C3 0.075 -0.005 1488 1.610 1.700 13.74 29/06/2018
0.160 0.045 0.085 0.060 8664C2 SPSETIA-C2 0.060 -0.025 933.7 3.370 3.507 8.39 30/03/2018 0.080 0.030 0.045 0.045 9679C4 WCT-C4 0.045 -0.005 50 1.610 1.850 21.34 30/04/2018
0.140 0.050 0.070 0.065 0129WA SRIDGE-WA 0.070 0.005 345.3 0.180 0.180 38.89 24/02/2023 0.065 0.025 0.035 0.025 9679C5 WCT-C5 0.035 0.005 341.1 1.610 2.200 42.08 14/05/2018
0.125 0.020 0.070 0.070 0140WA STERPRO-WA 0.070 0.005 4071.9 0.265 0.480 107.55 17/02/2021 0.570 0.175 0.270 0.260 9679WE WCT-WE 0.260 -0.005 463 1.610 2.080 45.34 27/08/2020
0.150 0.020 0.025 0.025 7143WA STONE-WA 0.025 Unch 100 0.200 0.300 62.50 21/06/2020 0.220 0.020 0.120 0.105 5156WC XDL-WC 0.120 Unch 30.7 0.290 0.160 -3.45 02/07/2018
0.180 0.095 0.170 0.165 0080WA STRAITS-WA 0.165 0.010 4217.3 0.275 0.115 1.82 10/08/2022 0.020 0.005 0.010 0.010 0095WA XINGHE-WA 0.010 Unch 200 0.045 0.100 144.44 22/03/2019
0.065 0.015 0.035 0.030 1201WA SUMATEC-WA 0.030 Unch 160.1 0.050 0.320 600.00 03/03/2021 0.110 0.040 0.045 0.045 0165WA XOX-WA 0.045 -0.005 107.9 0.105 0.200 133.33 10/02/2019
0.060 0.015 0.020 0.015 1201WB SUMATEC-WB 0.020 0.005 472.1 0.050 0.175 290.00 13/11/2018 0.180 0.095 0.140 0.135 7293CN YINSON-CN 0.135 Unch 460 4.000 3.600 3.50 22/03/2018
0.505 0.180 0.340 0.300 3743WA SUNSURIA-WA 0.340 -0.010 4.9 1.300 1.500 41.54 22/07/2020 0.110 0.035 0.045 0.045 7020WB YKGI-WB 0.045 Unch 658.7 0.170 0.500 220.59 28/05/2020
0.735 0.305 0.600 0.575 5211WB SUNWAY-WB 0.600 0.030 547.8 1.700 1.860 44.71 03/10/2024 1.130 0.825 1.040 1.000 7066WA YONGTAI-WA 1.040 0.030 558.1 1.540 0.500 0.00 24/06/2020
0.235 0.065 0.130 0.120 0148WB SUNZEN-WB 0.130 0.015 132.5 0.300 0.250 26.67 25/02/2021 0.090 0.020 0.085 0.075 467712 YTL-C12 0.075 0.010 596.4 1.340 1.350 6.34 29/06/2018
0.155 0.010 0.045 0.030 710627 SUPERMX-C27 0.030 -0.020 4591.2 1.940 2.000 6.19 02/02/2018 0.050 0.010 0.025 0.025 467713 YTL-C13 0.025 0.005 624.4 1.340 1.471 13.40 09/04/2018
0.065 0.005 0.015 0.005 710628 SUPERMX-C28 0.010 -0.005 993.8 1.940 2.200 14.69 22/01/2018 0.165 0.120 0.165 0.160 467714 YTL-C14 0.160 0.010 80 1.340 1.250 11.19 23/08/2018
0.090 0.020 0.050 0.030 710629 SUPERMX-C29 0.030 -0.020 10043.8 1.940 1.900 2.73 30/01/2018 0.435 0.100 0.150 0.140 6742WB YTLPOWR-WB 0.150 Unch 101.7 1.270 1.110 -0.79 11/06/2018
0.340 0.090 0.290 0.250 710630 SUPERMX-C30 0.250 -0.040 792.3 1.940 1.850 8.25 29/06/2018 0.095 0.025 0.035 0.030 2283WA ZELAN-WA 0.035 Unch 180.7 0.110 0.250 159.09 25/01/2019
0.155 0.065 0.120 0.105 710631 SUPERMX-C31 0.105 -0.020 377.2 1.940 2.100 19.07 29/06/2018
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE F I N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on Dec 29, 2017) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook. US Food and Drug Administration’s drug approvals
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE US drug approvals bounced back in 2017.
ASIA FILE CORPORATION (250,000) AMANAHRAYA TRUSTEES 38,750,000 27/12
- SKIM AMANAH SAHAM BUMIPUTERA
ASTRO MALAYSIA 925,300 EMPLOYEES PROVIDENT FUND BOARD 359,866,100 27/12
AXIATA GROUP 17,820,415 EMPLOYEES PROVIDENT FUND BOARD 1,460,432,491 11,13
14,15,18 & 19/12
BERMAZ AUTO 279,700 KUMPULAN WANG PERSARAAN 66,416,820 28/12
(DIPERBADANKAN)
BIMB 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 208,221,701 26/12
BIOALPHA 500,000 HON TIAN KOK @ WILLIAM 136,936,350 29/12
BOUSTEAD 465,000 LEMBAGA TABUNG ANGKATAN TENTERA 1,185,784,818 26 & 27/12
BUMI ARMADA (5,000,000) AMANAHRAYA TRUSTEES 484,697,200 27/12
- SKIM AMANAH SAHAM BUMIPUTERA
CAHYA MATA SARAWAK (681,700) DATO SRI MAHMUD ABU BEKIR TAIB 28,069,255 28/12
CHEETAH (5,500,000) LEMBAGA TABUNG HAJI 27/12
CIMB GROUP 6,380,200 EMPLOYEES PROVIDENT FUND BOARD 1,319,286,042 20 - 22/12
CIMB GROUP (2,571,800) KUMPULAN WANG PERSARAAN 568,004,198 22, 26
(DIPERBADANKAN) & 28/12
DESTINI 10,000,000 DATO’ ROZABIL @ ROZAMUJIB 293,424,612 28/12
ABDUL RAHMAN
DIALOG GROUP (1,107,500) EMPLOYEES PROVIDENT FUND BOARD 565,066,150 26/12
DIGI.COM 902,400 EMPLOYEES PROVIDENT FUND BOARD 1,133,947,072 26/12
DRB-HICOM 758,500 EMPLOYEES PROVIDENT FUND BOARD 114,332,641 26/12
FRASER & NEAVE 420,200 EMPLOYEES PROVIDENT FUND BOARD 44,964,823 22 & 26/12
GLOBETRONICS TECHNOLOGY 426,500 EMPLOYEES PROVIDENT FUND BOARD 29,771,600 26/12
HONG LEONG BANK 365,300 EMPLOYEES PROVIDENT FUND BOARD 270,628,821 26/12
HUBLINE 2,010,000 IBRAHIM BAKI 251,797,100 26/12
IHH HEALTHCARE (361,000) EMPLOYEES PROVIDENT FUND BOARD 711,989,090 26/12 Oil price January opening values
INARI AMERTRON 257,500 EMPLOYEES PROVIDENT FUND BOARD 106,366,300 26/12
INARI AMERTRON (1,011,800) KUMPULAN WANG PERSARAAN 201,016,950 28/12 Brent crude futures and US West Texas Intermediate (WTI) futures opened 2018 above US$60 per
(DIPERBADANKAN) barrel for the first time since 2014.
KOSSAN RUBBER INDUSTRIES 412,200 EMPLOYEES PROVIDENT FUND BOARD 55,816,700 20 & 21/12
KUMPULAN POWERNET 1,080,700 SSF HOME BUILDER S/B 10,075,541 26/12
LBS BINA GROUP 268,300 KUMPULAN WANG PERSARAAN 81,428,800 28/12
(DIPERBADANKAN)
LEE SWEE KIAT GROUP 4,000,000 DATO’ LEE KONG SIM 11,250,000 27/12
MAH SING GROUP 1,000,000 EMPLOYEES PROVIDENT FUND BOARD 223,149,761 27/12
MALAYAN BANKING 3,000,000 AMANAHRAYA TRUSTEES 3,666,421,211 27/12
- SKIM AMANAH SAHAM BUMIPUTERA
MALAYAN BANKING 5,143,100 EMPLOYEES PROVIDENT FUND BOARD 1,345,292,461 26/12
MEDIA PRIMA 2,980,900 MORGAN STANLEY & CO. LLC. US 134,093,300 27/12
MISC (1,414,100) EMPLOYEES PROVIDENT FUND BOARD 263,887,811 18 - 22/12
MYNEWS 300,000 KUMPULAN WANG PERSARAAN 45,019,800 28/12
(DIPERBADANKAN)
PENTAMASTER CORPORATION 498,900 KUMPULAN WANG PERSARAAN 31,039,604 28/12
(DIPERBADANKAN)
PESTECH INTERNATIONAL (1,930,000) LIM PAY CHUAN 154,705,160 28/12
PETRONAS CHEMICALS GROUP (742,100) EMPLOYEES PROVIDENT FUND BOARD 646,881,800 26/12
PUBLIC BANK 1,171,500 EMPLOYEES PROVIDENT FUND BOARD 571,182,300 26/12
S P SETIA 223,000 KUMPULAN WANG PERSARAAN 238,828,196 28/12
(DIPERBADANKAN)
SAPURA ENERGY (1,481,100) EMPLOYEES PROVIDENT FUND BOARD 689,083,944 22 & 26/12
SCGM 300,000 KUMPULAN WANG PERSARAAN 15,098,331 28/12
(DIPERBADANKAN)
SIME DARBY PROPERTY 1,800,000 AMANAHRAYA TRUSTEES 2,899,640,700 27/12
- SKIM AMANAH SAHAM BUMIPUTERA
SKP RESOURCES 4,249,500 KUMPULAN WANG PERSARAAN 152,980,200 28/12
(DIPERBADANKAN) Stocks closest to year high Stocks closest to year low
SUNWAY 266,388 EMPLOYEES PROVIDENT FUND BOARD 268,595,902 20 & 26/12
STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
SUNWAY REAL ESTATE (1,080,100) AMANAHRAYA TRUSTEES 161,852,100 27/12 (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
INVESTMENT TRUST - SKIM AMANAH SAHAM BUMIPUTERA
DRBHCOMC42 0.340 0.155 0.340 14042.2 LITRAK 5.570 5.400 5.490 445.9
SUNWAY REAL ESTATE 1,538,700 EMPLOYEES PROVIDENT FUND BOARD 410,935,500 21/12
INVESTMENT TRUST DRBHCOMC39 0.160 0.090 0.160 1855 FBMKLCI-H4L 0.070 0.055 0.055 200
TELEKOM MALAYSIA (383,400) AMANAHRAYA TRUSTEES 430,264,000 26/12 DRBHCOMC41 0.100 0.035 0.100 18562.4 LONBISC 0.690 0.650 0.655 229.8
- SKIM AMANAH SAHAM BUMIPUTERA DRBHCOMC46 0.265 0.165 0.265 2851 SYSCORP 0.230 0.220 0.225 459.8
TOP GLOVE CORPORATION 736,600 EMPLOYEES PROVIDENT FUND BOARD 75,681,844 26/12 DRBHCOMC37 0.245 0.070 0.240 133437.2 HSI-H2W 0.535 0.460 0.460 476.8
UEM SUNRISE 240,000 LEMBAGA TABUNG HAJI 337,077,600 27/12 DRBHCOMC40 0.125 0.075 0.125 2466 HSI-H2U 0.225 0.205 0.205 700
V.S.INDUSTRY 2,303,900 KUMPULAN WANG PERSARAAN 108,943,400 28/12 DRBHCOMC44 0.220 0.095 0.220 33845.8 CBIP-WA 0.245 0.225 0.245 105
(DIPERBADANKAN)
DRBHCOMC45 0.230 0.100 0.230 22337 POS-C14 0.100 0.100 0.100 50
WCT (695,000) KUMPULAN WANG PERSARAAN 89,016,926 28/12
FGV-C41 0.100 0.090 0.100 9390.4 HSI-H2R 0.070 0.070 0.070 100
(DIPERBADANKAN)
YINSON 1,000,000 KUMPULAN WANG PERSARAAN 152,996,500 28/12 DRBHCOMC43 0.235 0.115 0.235 8821.8 EG-PA 0.675 0.665 0.665 153
(DIPERBADANKAN) DRBHCOM 2.280 1.830 2.260 62073.7 HSI-H2X 0.480 0.440 0.440 20
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder PCHEM-C15 0.105 0.100 0.105 17 HSI-H2Y 0.790 0.675 0.675 465.3
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with ATTA-PA 0.180 0.155 0.175 22196.5 SAPRES 0.870 0.800 0.800 12
Bursa Malaysia. Note: * denotes Ace Market MASTEEL 1.810 1.690 1.810 5823.8 WZSATU 0.990 0.975 0.975 251.5
PCHEM 7.860 7.680 7.850 6015 UEMS-C48 0.030 0.025 0.030 320
DRBHCOMC38 0.185 0.070 0.185 4492.3 FGV-C34 0.065 0.060 0.060 240

Local event to watch out for today HSI-C1Y

GENM-C30
0.755
0.240
0.665
0.200
0.755
0.240
665.8
1559.8
ULICORP
BJLAND
3.480
0.365
3.350
0.350
3.400
0.360
17.9
353.9
POS-C14 0.100 0.100 0.100 50 HSI-H4A 0.775 0.735 0.735 234.7
• HIL Industries Bhd’s extraordinary general meeting at Bukit Kemuning Golf and Coun-
try Resort, Lot 6031, Batu 7, Bukit Kemuning, Shah Alam, Selangor at 11am. This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
profit-taking activities could set in later. bargain hunting could set in later.

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 $ 0.590 0.712 0.691 0.526 0.893 0.951 0.946 0.909 2.8646 4.624 58.881 4.393 2.617 9,628 45.249 79.896 5.782 35.464 2.593 2.672 5.803 23.096 5.567
EURO 1.695 1.208 1.172 0.891 1.513 1.612 1.603 1.541 4.8554 7.837 99.801 7.445 4.435 16,320 76.695 135.421 9.801 60.111 4.395 4.528 9.837 39.148 9.436
US $ 1.404 0.828 0.970 0.738 1.253 1.335 1.328 1.276 4.0210 6.490 82.650 6.166 3.673 13,515 63.515 112.149 8.117 49.781 3.640 3.750 8.146 32.420 7.814
SWISS FR 1.447 0.853 1.031 0.761 1.292 1.376 1.368 1.315 4.1437 6.688 85.172 6.354 3.785 13,927 65.453 115.571 8.364 51.300 3.751 3.865 8.395 33.409 8.053
STERLING £ 1.902 1.122 1.355 1.315 1.698 1.809 1.799 1.729 5.4481 8.793 111.984 8.354 4.977 18,312 86.057 151.952 10.997 67.449 4.932 5.081 11.037 43.926 10.587
CANADA $ 1.120 0.661 0.798 0.774 0.589 1.065 1.059 1.018 3.2081 5.178 65.941 4.919 2.930 10,783 50.674 89.477 6.476 39.717 2.904 2.992 6.499 25.866 6.234
BRUNEI $ 1.051 0.620 0.749 0.727 0.553 0.939 0.995 0.956 3.0120 4.861 61.910 4.619 2.751 10,124 47.577 84.007 6.080 37.289 2.727 2.809 6.102 24.285 5.853
SINGAPORE $ 1.057 0.624 0.753 0.731 0.556 0.944 1.005 0.961 3.0283 4.888 62.245 4.644 2.766 10,178 47.834 84.462 6.113 37.491 2.741 2.824 6.135 24.416 5.885
AUSTRALIA $ 1.100 0.649 0.784 0.761 0.578 0.982 1.046 1.041 3.1517 5.087 64.782 4.833 2.879 10,593 49.784 87.904 6.362 39.019 2.853 2.939 6.385 25.411 6.125
MALAYSIA RM 0.349 0.206 0.249 0.241 0.184 0.312 0.332 0.330 0.317 1.0000 1.614 20.555 1.533 0.913 3,361 15.796 27.891 2.019 12.380 0.905 0.933 2.026 8.063 1.943
100 CHINESE RMB 21.628 12.760 15.408 14.952 11.372 19.313 20.570 20.459 19.658 61.9570 1,274 95.004 56.595 208,245 978.660 1,728 125.065 767.041 56.086 57.783 125.521 499.540 120.402
100 BANGLAD’H TAKA 1.698 1.002 1.210 1.174 0.893 1.517 1.615 1.607 1.544 4.8651 7.852 7.460 4.444 16,352 76.848 135.692 9.821 60.231 4.404 4.537 9.856 39.226 9.454
100 DANISH KRONER 22.766 13.431 16.219 15.738 11.970 20.328 21.652 21.535 20.692 65.2150 105.26 1,340 59.571 219,195 1,030.12 1,819 131.64 807.38 59.04 60.82 132.12 525.81 126.73
100 UAE DIRHAM 38.216 22.547 27.226 26.420 20.094 34.124 36.346 36.150 34.735 109.4745 176.69 2,250 167.87 367,957 1,729 3,053 220.98 1,355 99.10 102.10 221.79 882.66 212.74
1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.010 0.010 0.009 0.0298 0.048 0.612 0.046 0.027 0.470 0.830 0.060 0.368 0.027 0.028 0.060 0.240 0.058
100 INDIA RUPEE 2.210 1.304 1.574 1.528 1.162 1.973 2.102 2.091 2.009 6.3308 10.218 130.127 9.708 5.783 21,279 176.572 12.779 78.377 5.731 5.904 12.826 51.043 12.303
100 JAPAN YEN 1.252 0.738 0.892 0.865 0.658 1.118 1.190 1.184 1.138 3.5854 5.787 73.696 5.498 3.275 12,051 56.634 7.237 44.388 3.246 3.344 7.264 28.908 6.968
100 NORWEGIAN KRONER 17.294 10.203 12.320 11.955 9.093 15.442 16.448 16.359 15.719 49.5400 79.959 1,018 75.964 45.253 166,510 782.524 1,382 613.316 44.846 46.202 100.365 399.426 96.272
100 PHILIPPINE PESO 2.820 1.664 2.009 1.949 1.483 2.518 2.682 2.667 2.563 8.0774 13.037 166.028 12.386 7.378 27,149 127.589 225.286 16.305 7.312 7.533 16.364 65.126 15.697
100 QATAR RIYAL 38.563 22.751 27.473 26.659 20.276 34.434 36.676 36.478 35.050 110.4670 178.296 2,271 169.389 100.907 371,293 1,745 3,081 222.985 1,368 103.025 223.799 890.662 214.673
100 SAUDI RIYAL 37.431 22.083 26.666 25.876 19.681 33.423 35.599 35.407 34.021 107.2238 173.062 2,204 164.416 97.944 360,392 1,694 2,991 216.439 1,327 97.064 217.228 864.513 208.370
100 SWEDISH KRONOR 17.231 10.166 12.276 11.912 9.060 15.386 16.388 16.300 15.661 49.3600 79.668 1,014.575 75.688 45.088 165,905 779.680 1,377 99.637 611.088 44.683 46.035 397.975 95.922
100 THAI BAHT 4.330 2.554 3.085 2.993 2.277 3.866 4.118 4.096 3.935 12.4028 20.018 254.935 19.018 11.329 41,687 195.912 345.925 25.036 153.549 11.228 11.567 25.127 24.103
100 HK$ 17.964 10.598 12.797 12.418 9.445 16.040 17.084 16.992 16.327 51.4583 83.055 1,057.705 78.906 47.005 172,957 812.825 1,435 103.872 637.065 46.583 47.991 104.251 414.893
Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
WED N ES DAY JA N UA RY 3 , 20 1 8 • T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

FKLI Long Rolls - KLCI futures EURO Klibor
Index points Open Interest Index points Euro/USD Implied interest rate (%)
1980 90000 18.00 -2.00 1.58 4.5
1,794.00 (Unch) 3.50
(+9.00) (Unch)
1785 68000 4.75 1.44
3.5
1.2060
1590 46000 -8.50 1.30 (+0.0052)

2.5
1395 24000 -21.75 1.16

1200 2000 -35.00 1.02 1.5

Jan 4, 2010 Jan 2, 2018 Jan 4, 2010 Jan 2, 2018 Jan 2, 2006 Jan 2, 2018 Oct 1, 2000 Jan 2, 2018

FBM KLCI futures end firmer FBM KLCI futures Euro hits four-month high Klibor
despite soft cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
on weaker US dollar MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,782.70 -14.11 145.4M The euro traded close to its highest level JAN8 96.55 — — —
FEB8 96.53 — — —
Malaysia Derivatives ended firmer yesterday, JAN 18 1,794.00 9.00 5,004 27,101 598 in three years against a broadly weaker US MAR8 96.50 — — —
FEB 18 1,793.00 8.00 105 105 -
despite a softer underlying cash market. dollar yesterday, the first trading day of 2018, JUN8 96.45 — — —
MAR 18 1,789.00 8.00 95 505 289
At close, January 2018 was nine points JUN 18 1,784.00 5.00 37 163 126
on optimism over a brightening economic SEP8 96.45 — — —
better at 1,794; February 2018 and March TOTAL picture in the eurozone. DEC8 96.45 — — —
5,241 27,874 1,013
MAR9 96.45 — — —
2018 gained eight points to 1,793 and 1,789 It finished 2017 with its best year against JUN9 96.45 — — —
respectively; while June 2018 bagged five FUTURES JAN/FEB
ROLL OVER BID
-1.0
OFFER
-2.0
CLOSE
-2.0
the US dollar since 2003 as European SEP9 96.45 — — —
points to 1,784. Turnover decreased to 5,241 economies strengthened and expectations DEC9 96.45 — — —
lots from last Friday’s 7,927 lots, while open FUTURES FAIR VALUE the European Central Bank will wind down its MAR0 96.45 — — —
JUN0 96.45 — — —
interest narrowed to 27,874 contracts from CONTRACTJAN 18
DAYS TO EXPIRY
29
KLIBOR DIVIDEND FAIR VALUE
4.38 0.00 4.54
monetary stimulus grew, boosting demand SEP0 96.45 — — —
34,024 contracts, previously. FEB 18 58 8.92 5.36 3.56 for the single currency. DEC0 96.45 — — —
The underlying benchmark FBM KLCI ROLL’S FAIR -0.98 The euro started the year by adding to MAR1 96.45 — — —
finished 14.11 points lower at 1,782.7. those gains, and climbing as much as 0.6% JUN1 96.45 — — —
SEP1 96.45 — — —
Singapore shares climbed nearly 1% to a four-month high of US$1.206, within
DEC1 96.45 — — —
yesterday, buoyed by data showing the city- sights of the US$1.2092 it hit in September, MAR2 96.45 — — —
state’s economy grew last year at its fastest pace the highest since early 2015. JUN2 96.45 — — —
since 2014, while Indonesia reversed course The single currency was also higher SEP2 96.45 — — —
to end lower after touching a record high. since Dec 14, with financials leading the against the Japanese yen at ¥135.64, reaching DEC2 96.45 — — —
TOTAL 0 0
The Singapore index closed at its highest gainers. — Agencies levels not seen since late 2015. — Reuters

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

CPO & Open Interest CPO vs Soyoil Crude Oil Gold

US$/troy oz
CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl
1980
4200 200000 6400 0.700 155.00

0.3339 0.525 121.25

1660
3450 152500 5075
(RM2,977/tonne) 1,313.70
(+4.40)
2700 87.50 1340
105000 3750 0.350
60.37
(-0.05)
1950 53.75 1020
2,532 57500 2425 0.175
(+29) 2,532
1200 10000 (+29) 700
20.00
1100 0.000
Jan 6, 2008 Jan 2, 2018 Apr 10, 2007 Jan 2, 2018 Aug 31, 2008 Jan 2, 2018
Jan 6, 2008 Jan 2, 2018

Palm oil climbs on strong CPO futures Oil trades near strongest Commodities
AGRICULTURE
exports; gains in related oils CONTRACT
JAN-18
LAST
2,469
CHANGE
25
VOLUME
97
OPEN CHANGE IN
INTEREST OPEN INTEREST
2,136 -458
levels since mid-2015 CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,532 29
RUBBER SEN/KG MRB 581.00 -9.00
FEB-18 2,510 29 2,422 28,056 -34
Malaysian palm oil futures rose more than 1% Oil prices posted their strongest opening to a CORN USC/BSH CBOT 369.75 2.50
MAR-18 2,532 29 17,405 61,165 1,362
SOYBEANS USC/BSH CBOT 968.75 7.00
yesterday evening, tracking related edible oils APR-18 2,548 27 3,157 38,916 -170 year since 2014 yesterday, with crude rising to
WHEAT USC/BSH CBOT 434.75 7.75
and supported by improving export demand. MAY-18 2,560 30 3,154 50,335 95 mid-2015 highs amid large anti-government LIVE CATTLE USC/IBS CME 122.85 1.30
The benchmark palm oil contract for CPO FUTURES CPO/SOYOIL rallies in Iran and ongoing supply cuts led COCOA US$/TON NYBOT 1,903 10
March delivery on Bursa Malaysia Derivatives INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) by Opec and Russia. COFFEE USC/IBS NYBOT 129.00 0.45
JAN/FEB -41 -74.29
rose 1.2% or RM29 to RM2,532 a tonne. It JAN/MAR -63 3 MONTHS AVERAGE -96.51
US West Texas Intermediate crude futures SUGAR USC/IBS NYBOT 15.00 -0.02
earlier hit RM2,548, its highest since Dec 18. JAN/APR was down five US cents to US$60.37 after COTTON USC/IBS NYC 79.11 -0.13
-79 6 MONTHS AVERAGE -90.50
“Hefty gains in Dalian and soybean oil FEB/MAR -22 hitting US$60.74 earlier in the day, their METAL & PRECIOUS METALS
TIN US$/TON KLTM 20,000 330
may lend support and uplift palm futures SGS & ITS EXPORT ESTIMATES (TONNES) highest since June 2015. COPPER USC/IBS CMX 3.2860 -0.0145
market sentiment,” a trader said, referring SHIPMENT DAYS OCT’17 NOV’17 DEC’17 Brent crude futures, the international GOLD US$/TROY OZ CMX 1,313.70 4.40
to overnight soyoil on the Chicago Board 1 - 10TH DAYS 462/448 440/437 339/364 benchmark, lost six US cents to US$66.81 PLATINUM US$/TROY OZ NYMEX 934.00 -0.70
of Trade (CBoT) and related edible oils on 1 - 15TH DAYS 709/690 651/660 581/597
after hitting a May 2015 high of US$67.29 a PALLADIUM US$/TROY OZ NYMEX 1,058.70 6.65
China’s Dalian Commodity Exchange (DCE). 11 -- 20TH DAYS
25TH DAYS
968/951
1,197/1,178
883/892 865/874
1,094/1,079 1,108/1,091
barrel earlier in the day. SILVER USC/TROY OZ CMX 17.09 -0.01
The market is also reacting to strong FULL MONTH It was the first time since January 2014 ALUMINIUM RMB/TON SHF 15,175 -60
1,417/1,407 1,311/1,332 1,439/1,422
ZINC RMB/TON SHF 25,855 200
exports, said another trader in Kuala Lumpur. MALAYSIAN PALM OIL BOARD that the two crude oil benchmarks opened
Palm oil shipments from Malaysia, the AUG’17 SEP’17 OCT’17 NOV’17 the year above US$60 per barrel. ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 60.37 -0.05
world’s second-largest producer behind PRODUCTION 1,810 1,780 2,009 1,943 “Growing unrest in Iran set the table for HEATING OIL USC/GAL NYMEX 2.0404 -0.0034
Indonesia, gained 6.7% month on month EXPORT STOCKS
1,487
1,942
1,515
2,019
1,549
2,190
1,354
2,557
a bullish start to 2018,” the US-based Schork NATURAL GAS US$/MMBTU NYMEX 2.942 0.036
in December on stronger demand from Report said in a note to clients yesterday. BRENT CRUDE US$/BBL ICE 66.81 -0.06
MPOB Palm oil physical
Europe and India, according to data from — Reuters GAS OIL US$/TON ICE 604.00 2.25
cargo surveyor Intertek Testing Services. (IN RM/TON) JAN’18 FEB’18 MAR’18

Another cargo surveyor, Societe Generale CPO DELD 2,460.50 NO TRADE NO TRADE Centrifuged Latex Rubber - M’sia SMR 20
PK EX-MILL 2,350.00 NO TRADE NO TRADE
de Surveillance, reported a 9.8% gain in CPKO DELD NO TRADE NO TRADE NO TRADE Sen/Kg
Sen/Kg
exports for the same period. RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
The market is also forecasting gains in RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
475.00
demand from key consumer China as it RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 (+12.50) 1475 581.00
stocks up ahead of the Lunar New Year MPOB FFB REF PRICE (MILL GATE PRICE) (-9.00)

celebrations when palm oil consumption REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
is higher for cooking purposes. NORTH 20.00% 553 19.00% 529 18.00% 505
In related oils, the March soybean oil SOUTH 500 625
20.00% 549 19.00% 525 18.00% 502
contract on the CBoT saw strong overnight CENTRAL 20.00% 542 19.00% 518 18.00% 494
300
gains of 1.7% last Friday before closing for EAST COAST 20.00% 545 19.00% 521 18.00% 498 200
SABAH 22.00% 528 21.00% 507 20.00% 485 Jan 7, 2007 Jan 2, 2018 Jan 7, 2007 Jan 2, 2017
public holidays. — Reuters SARAWAK 22.00% 534 21.00% 512 20.00% 490
 Markets
32 WEDN ESDAY JAN UARY 3 , 2 0 1 8 • TH EEDGE FI N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S . B U R SA M A L AY S I A E Q U I T Y D E R I VAT I V E S PA G E 2 9
RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com] M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5

KLCI 1,782.70 14.11 FBM ACE 6,712.03 108.48 FTSTI 3,430.30 27.38 NIKKEI 22,764.94 19.04 HANG SENG 30,515.31 596.16 DOW JONES 24,719.22 118.29

Man is able to do what he is unable to imagine. Market movers

— Rene Char
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES TURNOVER CHANGE CHANGE PRICE PE DIVIDEND
FBM KLCI & KLCI futures intraday (‘000) (RM) (%) (RM) RATIO YIELD (%)
STOCK VOLUME CHANGE CHANGE CLOSE HIGH LOW PA-WB 174,954.5 0.010 33.33 0.040 — 0.00
1,794.00 ('000) (%) (RM) (RM) (RM) (RM) PA 151,747.3 0.015 27.27 0.070 — 0.00
Index point
1795.0 (+9.00) PA-WB 174,955 33.33 0.010 0.040 0.045 0.030 HUBLINE 142,632.6 0.020 16.67 0.140 — 0.00
1792.6 PA 151,747 27.27 0.015 0.070 0.075 0.055 DRBHCOMC37 133,437.2 0.170 242.86 0.240 — 0.00
1790.2 KLCI futures HUBLINE 142,633 16.67 0.020 0.140 0.145 0.115 SAPNRG 104,102.7 -0.035 -4.93 0.675 — 1.41
1787.8 DRBHCOMC37 133,437 242.86 0.170 0.240 0.245 0.070 HUAAN 101,040.5 0.030 7.69 0.420 — 0.00
1785.4 DNEX-WD 99,616 11.90 0.025 0.235 0.240 0.210 DNEX-WD 99,615.7 0.025 11.90 0.235 — 0.00

1783.0 1,782.70 DNEX 93,415 9.28 0.045 0.530 0.535 0.485 DNEX 93,415.2 0.045 9.28 0.530 11.52 1.03
(-14.11) MMAG-WB 63,116 14.29 0.010 0.080 0.085 0.070 DGSB 72,021.8 0.010 7.69 0.140 1,300.00 0.00
1780.6
DRBHCOM 62,074 23.50 0.430 2.260 2.280 1.830 MMAG-WB 63,116.1 0.010 14.29 0.080 — 0.00
1778.2 KL Composite Index
COMPUGT 55,786 0.00 0.000 0.030 0.035 0.025 DRBHCOM 62,073.7 0.430 23.50 2.260 5.98 0.55
1775.8 MBSB-C5 53,872 27.27 0.015 0.070 0.070 0.055 PUC 56,458.4 0.010 3.03 0.340 194.12 0.00
1773.4 MMAG-PA 48,138 11.76 0.010 0.095 0.105 0.095 COMPUGT 55,786.0 UNCH UNCH 0.030 — 0.00
1771.0 VIVOCOM 37,489 7.69 0.010 0.140 0.140 0.130 MBSB-C5 53,872.0 0.010 16.67 0.070 — 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
FGV-C40 34,971 27.27 0.015 0.070 0.075 0.050 UMWOG 50,991.5 0.020 6.56 0.325 — 0.00
DRBHCOMC44 33,846 131.58 0.125 0.220 0.220 0.095 MMAG-PA 48,137.5 0.010 11.76 0.095 — —
Daily FBM KLCI AAX 33,533 7.58 0.025 0.355 0.370 0.340 HIBISCS 45,112.3 0.030 3.35 0.925 35.10 0.00
FGV-C31 32,349 92.31 0.060 0.125 0.140 0.065 SUMATEC 44,697.3 UNCH UNCH 0.050 — 0.00
KL Composite Index Moving average - 20-day VIVOCOM 37,489.2 0.010 7.69 0.140 30.95 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 FGV-C40 34,971.3 0.010 16.67 0.070 — 0.00
1,782.70 traded for a particular counter on the previous trading day is more than triple the average volume for the
(-14.11) last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5
UP
1425.0
1,746.62 FBM KLCI falls as investors CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

take profit after last week’s gain HENGYUAN

DRBHCOM
17.960
2.260
1.660
0.430
NESTLE
BAT
101.100
37.940
-2.100
-2.060
1122.5 HSI-C1Q 1.710 0.390 DLADY 60.800 -1.200
PETRONM 13.900 0.360 KLCC 7.910 -0.730
KUALA LUMPUR: The FBM KLCI fell as much as 24.81 AEONCR 13.780 0.320 SPSETIA 3.370 -0.630
820.0 points or 1.38% to an intra-day low of 1,772 points yesterday, DIN040000223 99.800 0.300 SIMEPLT 5.490 -0.510
Jan 2, 2008 Jan 2, 2018 as investors take profit after the index climbed for three HENGYUAN-CC 1.150 0.275 PANAMY 38.520 -0.440
consecutive days last week. BIPORT 6.180 0.230 CMMT 1.430 -0.400
900
At 5pm, the benchmark index pared some losses and HSI-C1P 1.130 0.205 SIMEPROP 1.460 -0.320
BKAWAN 19.800 0.200 MPI 12.320 -0.300
600
closed at 1,782.7 points, still down 14.11 points or 0.79%
FPI 1.920 0.200 KLK 24.720 -0.280
from last Friday’s close. DRBHCOMC42 0.340 0.190 PHARMA 4.330 -0.270
300 Malacca Securities Sdn Bhd senior research analyst
Kenneth Leong told theedgemarkets.com that local trading Top gainers and losers (ranked by percentage)
0
sentiment was also affected by softer Nikkei Malaysia

 
Volume (’mil)
Manufacturing Purchasing Managers’ Index which UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
contracted to 49.9 points in December 2017, as business
FBM KLCI futures conditions in the sector broadly stagnated. DRBHCOMC41 0.100 300.00 HSI-H2R 0.070 -61.11

CONTRACT SETTLEMENT CHANGE HIGH LOW

“The FBM KLCI was trading in the negative territory UEMS-C46 0.020 300.00 AIRPORT-CU 0.010 -60.00
DRBHCOMC37 0.240 242.86 MAHSING-C13 0.060 -60.00
JAN 18 1,794.00 9.00 1,794.00 1,779.50 throughout the entire trading session today (yesterday), as DRBHCOMC38 0.185 236.36 HSI-H2Q 0.015 -50.00
FEB 18 1,793.00 8.00 1,793.00 1,777.00 it erased most of its previous [week’s] gains. Weaknesses DRBHCOMC40 0.125 212.50 KINSTEL 0.005 -50.00
MAR 18 1,788.00 8.00 1,788.00 1,774.50
were mainly due to soft manufacturing data, coupled with DRBHCOMC39 0.160 190.91 UEMS-C48 0.030 -40.00
a quick-profit taking, following three consecutive days of DRBHCOMC44 0.220 131.58 SUPERMX-C27 0.030 -40.00
FBM KLCI sensitivity* gains,” Leong said. “This week, we might see further profit DRBHCOMC42 0.340 126.67 SUPERMX-C29 0.030 -40.00

KLCI CHANGE CLOSE VOLUME taking, but it would be mild. But any minor pullback will be DRBHCOMC45 0.230 119.05 EKOVEST-CD 0.015 -40.00
POINTS (RM) (RM) ('000) DRBHCOMC43 0.235 104.35 HSI-H2S 0.140 -37.78
PETRONAS CHEMICAL 1.95 0.150 7.850 6015.0
healthy for the FBM KLCI. Investors may need some time FGV-C28 0.010 100.00 A50CHIN-H6 0.150 -34.78
GENTING MALAYSIA 1.45 0.150 5.780 4636.5 to digest earlier gains.” FGV-C31 0.125 92.31 RHBBANK-C2 0.010 -33.33
GENTING 0.69 0.110 9.310 973.3 Nonetheless, market breadth was largely positive
IHH HEALTHCARE 0.53 0.040 5.900 2742.4 yesterday, with 530 gainers versus 490 losers, while 327 Top gainers and losers - warrants (ranked by percentage)
RHB BANK 0.39 0.060 5.060 650.6 counters remained unchanged.
K.LUMPUR KEPONG -0.48 -0.280 24.720 242.4 UP CHANGE DOWN CHANGE
PRESS METAL -0.50 -0.080 5.310 3995.5
Total trading volume on the open market was 3.7 billion CLOSE (%) CLOSE (%)
YTL CORPORATION -0.53 -0.030 1.340 5311.0 shares, worth some RM2.11 billion. — by Chester Tay DRBHCOMC41 0.100 300.00 HSI-H2R 0.070 -61.11
CIMB GROUP -0.60 -0.040 6.500 8968.5
World equity indices UEMS-C46 0.020 300.00 AIRPORT-CU 0.010 -60.00
TELEKOM MALAYSIA -0.79 -0.130 6.170 905.7 DRBHCOMC37 0.240 242.86 MAHSING-C13 0.060 -60.00
NESTLE (M) -0.80 -2.100 101.100 120.6 CLOSE CHANGE CLOSE CHANGE DRBHCOMC38 0.185 236.36 HSI-H2Q 0.015 -50.00
AXIATA GROUP -1.47 -0.100 5.390 5778.3
DOW JONES 24,719.22 -118.29 INDONESIA 6,339.24 -16.42 DRBHCOMC40 0.125 212.50 UEMS-C48 0.030 -40.00
KLCC PROP REIT -2.14 -0.730 7.910 386.5
S&P 500 2,673.61 -13.93 JAPAN 22,764.94 -19.04 DRBHCOMC39 0.160 190.91 SUPERMX-C27 0.030 -40.00
MAYBANK -2.45 -0.140 9.660 5283.6
NASDAQ 100 6,396.42 -45.00 KOREA 2,479.65 12.16 DRBHCOMC44 0.220 131.58 SUPERMX-C29 0.030 -40.00
DIGI.COM -2.65 -0.210 4.890 2650.5
FTSE 100 7,687.77 64.89 PHILIPPINES 8,558.42 23.33 DRBHCOMC42 0.340 126.67 EKOVEST-CD 0.015 -40.00
SIME DARBY PLANTATION -5.63 -0.510 5.490 9040.3
AUSTRALIA 6,061.28 -3.85 SINGAPORE 3,430.30 27.38 DRBHCOMC45 0.230 119.05 HSI-H2S 0.140 -37.78
SUB-TOTAL -13.03
CHINA 3,348.33 41.15 TAIWAN 10,710.73 67.87 DRBHCOMC43 0.235 104.35 A50CHIN-H6 0.150 -34.78
OTHERS -1.08
HONG KONG 30,515.31 596.16 THAILAND 1,753.71 10.42 FGV-C28 0.010 100.00 RHBBANK-C2 0.010 -33.33
GRAND TOTAL -14.11
INDIA 33,812.26 -0.49 VIETNAM 995.77 11.53 FGV-C31 0.125 92.31 MAGNUM-C2 0.020 -33.33
* How stock price changes affected the index on the previous trading day

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