FBM KLCI 1567.59 10.75 KLCI FUTURES 1565.00 7.00 STI 3124.45 10.48 RM/USD 4.1860 CPO RM2156.

4.1860 CPO RM2156.00 29.00 OIL US$59.35 1.16 GOLD US$1496.80 12.10
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM2.00

TUESDAY OCTOBER 15, 2019 ISSUE 2988/2019

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
What do carmakers expect from
National Automotive Policy 2019
8 HOME BUSINESS

1MDB-TANORE
TRIAL
Shafee accuses
Shahrol of beingg
in cahoots with
CAP ON GOVT
Jho Low
S T O RY O N PA G E 6
GUARANTEE
2

Indian buyers slash

Malaysian palm oil
NEEDED 70%
aproperty
l
purchases fearing
duty hike — traders
— AG porta
Thee proposall
Th
3 HOME BUSINESS
means an overall
AME Elite soars debt-to-GDP ceiling of 55%
upon debut on Bursa 70%, if the limit
4 HOME BUSINESS on such guarantees
Guan Eng: New is included.
RM2m tax band to Chester Tay has the
raise RM100m story on Page 3.
10
1 0 HOME BUSINESS

Trade war
rejuvenates
‘Silicon Valley’
firms
fi rms in Malaysia
18 W O R L D B U S I N E S S RM925m Pan Borneo Sabah jobs
China September
exports, imports
to be tendered out in 1Q20
5 HOME BUSINESS
contract deeper Baru Bian
 FBM KLCI 1567.59 10.75 KLCI FUTURES 1565.00 7.00 STI 3124.45 10.48 RM/USD 4.1860 CPO RM2156.00 29.00 OIL US$59.35 1.16 GOLD US$1496.80 12.10
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM2.00

TUESDAY OCTOBER 15, 2019 ISSUE 2988/2019

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
What do carmakers expect from
National Automotive Policy 2019
8 HOME BUSINESS

1MDB-TANORE
TRIAL
Shafee accuses
Shahrol of being
in cahoots with
CAP ON GOVT
Jho Low
S T O RY O N PA G E 6
GUARANTEE
2

Indian buyers slash

Malaysian palm oil
NEEDED 70%
purchases fearing
duty hike — traders
— AG
The proposal
3 HOME BUSINESS
means an overall
AME Elite soars debt-to-GDP ceiling of 55%
upon debut on Bursa 70%, if the limit
4 HOME BUSINESS on such guarantees
Guan Eng: New is included.
RM2m tax band to Chester Tay has the
raise RM100m story on Page 3.
10 H O M E B U S I N E S S

Trade war
rejuvenates
‘Silicon Valley’
firms in Malaysia
18 W O R L D B U S I N E S S RM925m Pan Borneo Sabah jobs
China September
exports, imports
to be tendered out in 1Q20
5 HOME BUSINESS
contract deeper Baru Bian
2 T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
ON EDGE T V
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New German rules
leave 5G telecoms
door open to Huawei
‘Banning Chinese vendor would add years of delay to 5G launch’
BY ANDREAS RINKE
& DOUGLAS BUSV INE
BERLIN: Germany has finalised
rules for the build-up of 5G mobile
networks that, in a snub to the US,
will not exclude China’s Huawei
Technologies Co Ltd.
Government officials confirmed
that Germany’s so-called security
catalogue foresaw an evaluation of
technical and other criteria, but that
no single vendor would be barred
in order to create a level playing
field for equipment vendors.
“We are not taking a pre-emptive
decision to ban any actor, or any
company,” German government
spokesman Steffen Seibert told a
news conference here yesterday.
HK’s top securities regulator
Alder to leave in 2020 — sources
BY KIUYAN W ONG
HONG KONG: Ashley Alder (pic),
chief executive officer of Hong Kong’s
Securities and Futures Commission
(SFC), will step down at the end of his
contract in September 2020.
The watchdog’s head announced
his decision yesterday in internal
communications, according to peo-
ple with knowledge of the matter,
who asked not to be identified be-
cause they are not authorised to
speak publicly. The government
will begin a global search for Al-
der’s replacement, the people said.
Alder has spent eight years over-
seeing one of the world’s biggest
stock markets, a financial hub which
over that period has cemented itself
as the global gateway to China. His
tenure included the start of trading
links with the mainland as well as
the controversial introduction of
Pound drops from three-month high on Brexit deal
BY RUTH CARSON
& CHAR LOTTE RYAN
SINGAPORE/LONDON: The pound
pulled back from a three-month high
and UK government bonds rallied as
traders reassessed the prospect of the
UK securing a Brexit deal this week.
Sterling dropped as much as 1.1%
against the dollar after surging 3.8%
during the previous two days amid
optimism the two sides would reach
an agreement to avoid a no-deal. The
European Union’s chief Brexit nego-
The US has piled pressure on
its allies to shut out Huawei, the
leading telecommunications (tel-
ecoms) equipment vendor with a
global market share of 28%, saying
its gear contained “back doors”
that would enable China to spy on
other countries.
German operators are all cus-
tomers of Huawei and have warned
that banning the Chinese vendor
would add years of delay and
billions of US dollars in costs to
launching 5G networks.
The Shenzhen-based compa-
ny has denied the allegations by
Washington, which imposed export
controls on Huawei in May, hob-
bling its smartphone business and
raising questions over whether the
BLOOMBERG
dual-class shares. In recent years,
his agency has focused on trying to
root out bad behaviour among the
city’s small-cap companies.
Under Alder, the SFC has “pur-
sued a set of intensive policy and
operational reforms to tackle mar-
ket risks as well as setting itself as
a tough, competent and effective
market regulator,” the commission
tiator Michel Barnier told envoys on
Sunday that UK Prime Minister Boris
Johnson’s proposals for breaking a
deadlock over the Irish border risked
leaving the bloc’s single market vul-
nerable to fraud, officials said.
“After the best two-day rally in
10 years, sterling euphoria as re-
gards the prospects of an imminent
deal is wearing off,” said Jeremy
Stretch, head of Group-of-10 cur-
rency strategy at Canadian Impe-
rial Bank of Commerce. “The pros-
pects of a deal have dimmed from
For breaking news updates go to
www.theedgemarkets.com
Chinese company can maintain its
market lead.
US officials have also argued
that, under China’s national intel-
ligence law, all citizens and com-
panies are required to collaborate
in espionage efforts.
Officials said Germany’s security
catalogue was due to be published
shortly, confirming an earlier de-
cision to keep a level playing field
for suppliers to next-generation
networks that will power ultra-fast
mobile broadband services or run
“smart” factories, offices and cities.
With billions of devices, sensors
and cameras expected to be hooked
up, 5G networks will be far more
ubiquitous than their predeces-
sors. — Reuters
said in a statement. It was Alder’s
decision to leave, it said.
Also the chairman of the Inter-
national Organization of Securi-
ties Commissions, Alder became
known for his hard-line stance
towards misbehaving firms, fin-
ing HSBC Holdings plc a record
HK$400 million (RM213.54 million)
over the sales of structured prod-
ucts linked to Lehman Brothers
Holdings Inc in Hong Kong.
In 2013, the SFC changed its rules
to make underwriters more explic-
itly accountable for the quality of
initial public offerings in the city,
and it warned firms that they could
be held criminally liable for the ac-
curacy of share-sale prospectuses.
The regulator also asked banks to
improve underwriting standards
and ask tougher questions when
examining the accounts of would-
be applicants. — Bloomberg
the extremes seen [last] Friday.”
The pound was 1% weaker at
US$1.2541 (RM5.22) as of 1.11pm
in London yesterday, after climbing
as high as US$1.2707 last Friday. UK
government bond yields fell eight ba-
sis points to 0.63%, as money markets
priced in 20 basis points (bps) of Bank
of England interest-rate cuts in De-
cember 2020 versus 17 bps last Friday.
The currency is still down
about 15% since the day before
the Brexit referendum in June
2016. — Bloomberg
IN BRIEF
‘Indian buyers slash
Malaysian palm oil buys
fearing duty hike’
MUMBAI: Indian refiners have
stopped buying Malaysian palm
oil for shipments in Novem-
ber and December fearing New
Delhi could raise import tax-
es or enforce other measures
to curtail imports from Kuala
Lumpur, five traders told Reu-
ters yesterday. Lower purchases
by India, the biggest buyer of
Malaysian palm oil so far this
year, could lead to higher in-
ventories and put pressure on
Malaysian palm oil prices, but
help rival Indonesia in raising
its shipments to India. India is
considering restricting imports
of some products from Malaysia
including palm oil in reaction to
the Southeast Asian country’s
leader criticising New Delhi for
its actions in Kashmir, Reuters
reported last Friday. “Traders
are confused on both the sides.
They don’t know how to plan
their shipments,” said Sandeep
Bajoria, chief executive of Sun-
vin Group, a Mumbai-based
vegetable oil importer. To be “on
cautious side, buyers are pre-
ferring Indonesian shipments
to avoid any possible impact
of higher duties.” For October
most of the import contracts
have already been signed, said
a Mumbai-based dealer with
another trading firm, adding
that imports would plunge from
November as new contracts are
not being signed with Malay-
sian sellers. — Reuters
Courts set date for
MyKad sale case mention
GEORGE TOWN: Two Sessions
Courts here yesterday set Oct
29 for mention of the case in-
volving five persons, includ-
ing an assistant director of the
National Registration Depart-
ment (NRD), in connection
with the issuance and sale of
MyKads and birth certificates
to foreigners. Justices Norsal-
ha Datuk Hamzah and Mazdi
Abdul Hamid set the date for
submission of forensic reports
which had yet to be obtained by
the prosecution in the case in-
volving Penang NRD assistant
director Mohd Faizul Arifin, 34;
Yap Cheng Wah, 43; Loh Chan
Cheong, 34; Chien Guan Chai,
36; and Datuk Lai Chin Wah, 56.
On Sept 12, all of them pleaded
not guilty to 14 charges under
Section 466 of the Penal Code
read together with Section 109
of the same law for falsifying
birth certificates and MyKads
on behalf of several individu-
als between January and May.
— Bernama
Trading of Yinson
stocks halted pending
material announcement
KUALA LUMPUR: Trading of
Yinson Holdings Bhd securi-
ties was suspended from 9am
yesterday, pending a material
announcement from the oil and
gas offshore services company.
Yinson, which requested the
trading halt, said the suspen-
sion will last until 5pm today.
— By Surin Murugiah
TUES DAY O CTOBE R 1 5 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 3

Cap on govt guarantee needed — AG

The proposal means an overall debt-to-GDP ceiling of 70%, if the limit on such guarantees is included
BY CH E ST E R TAY
KUALA LUMPUR: Auditor-General
(AG) Datuk Nik Azman Nik Abdul
Majid has urged Putrajaya to impose
a ceiling on guarantees the govern-
ment is allowed to provide.
“My advice, as an auditor, is that
on top of the 55% debt-to-GDP (gross
domestic product) ceiling, we could
add another 10 percentage points of
ceiling for government guarantees
to viable projects, and another five
percentage points of ceiling for risk-
ier debts from government-owned
companies. Because currently, we
have no limit to cap government
guarantees.
“So the overall debt-to-GDP ceil-
ing would be 70%, but this includes
the guarantees provided by the gov-
ernment,” he told a press conference
yesterday after briefing the Public Ac-
counts Committee (PAC) on the 2018
Auditor General’s Report — Federal
Government Financial Statement.
While the government is author-
ised to provide loan guarantees un-
der the Loan Guarantee (Corpora-
tion) Act 1965, Nik Azman said a
policy must be set up to fix a ceiling
on such guarantees, by taking into
account the country’s financial po-
sition, and the financial and project
viability of the company that applies
for such guarantees.
Asked what the overall debt-to-
GDP ratio is now, he said: “We don’t
know, because nobody has made
that calculation yet.”
As at end-2018, federal govern-
ment debt stood at RM741.049 bil-
lion, representing a debt-to-GDP
ratio of 51.8%. Total government
guaranteed loans, which has been
Government allocation on repayment of company loans
NO COMPANY LOAN AMOUNT LOAN GUARANTEE
(RM MIL) AS AT DEC 31, 2018
(RM MIL)
1 KL International Airport Bhd 3,693.77 94.38
2 GovCo Holdings Bhd 8,800.00 7,300.00
3 Asset Global Network Sdn Bhd 1,011.60 455.22
4 Jambatan Kedua Sdn Bhd 7,830.00 5,751.12
5 DanaInfra Nasional Bhd 54,740.00 52,740.00
Total 76,075.37 66,340.72
Source: 2018 Auditor General’s Report — Federal Government Financial Statement
steadily rising since 2014 — when it
was at RM172.019 billion — was at Status of federal govt guaranteed loans
RM266.468 billion.
Statutory bodies
First Emphasis of Matter issued
on govt financial statement 300 (RM bil)
Nik Azman also said this is the first 250
time the AG issued an Emphasis of 200 172.019 177.728
Matter (EOM) to the government’s
150
account, though the financial state-
ment remains true and fair. 100 133.473 137.756
“The EOM is a way for us to bring 50
the attention of readers to certain 38.546 39.972
0
parts of the financial statements. 2014 2015
Our opinion for them is still unqual-
ified,” he said.
Nik Azman said the National Au-
dit Department was able to highlight ability to repay the advances was
this for the first time because of a uncertain. The guarantees were on
more transparent disclosure in the RM76.075 billion worth of loans ob-
2018 federal government financial tained by the five, which were ap-
statement that was prepared by the proved before 2018 by the previous
Accountant-General. administration, the AG said.
In the EOM included in the AG’s “As of Dec 31, 2018, the outstand-
report, it was highlighted that the ing [amount] of these loans stood at
government paid RM2.84 billion for RM66.34 billion, which will mature
guaranteeing loans of five Minister by 2041, except for a loan of RM94.38
of Finance Inc companies, whose million that will expire in 2019.
to avoid the event of default, which
could result in the government’s
REPAYMENT GOVT ALLOCATION
OBLIGATION (RM MIL) DATE
overall repayment of loans. Pursuant
AS AT FY18 to Section 8 of the Loan Guarantee
(RM MIL) (Corporation) Act 1965, the com-
99.25 42.43 Jan 9, 2018 pany has the obligation to repay the
41.79 July 13, 2018 government for all the payments it
1,500.00 1,500.00 Aug 2, 2018
made. However, the ability of these
five companies to repay the advanc-
142.22 60.90 March 28, 2018
es is uncertain,” the report added.
342.63 150.00 March 26, 2018 The five companies are: KL Inter-
44.10 Nov 7, 2018 national Airport Bhd — which was
3,900.00 1,000.00 Sept 27, 2018 set up to raise funds for the construc-
5,984.10 2,839.22 tion of the Kuala Lumpur Interna-
tional Airport — GovCo Holdings
Bhd, Asset Global Network Sdn Bhd,
Jambatan Kedua Sdn Bhd and Da-
naInfra Nasional Bhd.
GovCo is a special-purpose ve-
hicle (SPV) that, among others, in-
Companies Total guarantee jected RM1.25 billion into Proton
Holdings Bhd in June 2016 in ex-
266.468
238.191
change for 1.25 billion units of new
redeemable convertible cumulative
187.234
preference shares. Asset Global Net-
work is also an SPV and was set up
to buy Malaysia Airlines assets and
138.534 178.553 201.898 lease it back to the airline under the
latter’s widespread assets unbun-
48.7 59.638 64.57 dling programme, which started
2016 2017 2018 in 2001. As for Jambatan Kedua, it
operates the second Penang bridge,
while DanaInfra Nasional was set
up in June 2010 as the infrastruc-
“In 2018, the government ad- ture financing entity to advise and
vanced RM2.839 billion on a se- undertake funding for the proposed
cured and mature loan repayment Mass Rapid Transit project.
on behalf of one of these compa- After the AG’s briefing, PAC chair-
nies. Of this, RM1.753 billion was man Datuk Dr Noraini Ahmad (Ba-
paid by the previous administration risan Nasional-Parit Sulong), who
while RM1.086 billion was paid by was also present at the press con-
the current administration,” the re- ference, said the committee is of the
port noted. view that the government should
“The current administration tighten rules in establishing SPVs
has continued such commitment in the future.

AME Elite gains 25 sen to close at RM1.55 on Bursa debut

BY J UST I N LI M How new listings fared this year via an offer-for-sale mechanism.
IPO OCT 14 CLOSING PRICE 1ST DAY
AME said of the total proceeds
KUALA LUMPUR: Integrated indus- DEBUT PRICE CLOSING ON LISTING PERFORMANCE raised for business expansion,
trial property solutions provider AME DATE COMPANY BOARD (RM) PRICE (RM) DAY (RM) (%) RM69.1 million will be for future
Elite Consortium Bhd soared in ac- Jan 7 DPI Holdings Bhd ACE Market 0.25 0.155 0.27 8.00 industrial property development
tive trading upon its debut on Bursa Jan 8 Gagasan Nadi Cergas Bhd ACE Market 0.3 0.25 0.299 -0.33 and investment projects including
Malaysia’s Main Market yesterday. land acquisitions, RM23 million for
May 16 Leong Hup International Bhd Main Market 1.1 0.92 1.078 -2.00
It started the day at RM1.28, down working capital for its i-Park @ Senai
two sen or 1.54% to its initial public June 12 HPMT Holdings Bhd Main Market 0.56 0.345 0.493 -11.96 Airport City development, RM9 mil-
offering (IPO) price of RM1.30, but June 13 Greatech Technology Bhd ACE Market 0.61 1.94 0.74 21.31 lion to complete the expansion of the
quickly recovered to rise to RM1.59, June 18 Mestron Holdings Bhd ACE Market 0.16 0.115 0.165 3.13 group’s precast concrete fabrication
before closing at RM1.55 — a gain of July 8 Kim Hin Joo (Malaysia) Bhd ACE Market 0.43 0.285 0.344 -20.00 capacity and the remaining RM10
25 sen or 19.23% to the offer price. July 10 UWC Bhd Main Market 0.82 1.72 1.4 70.73 million to defray listing expenses.
AME’s first-day showing is the July 17 i-Stone Group Bhd ACE Market 0.16 0.225 0.245 53.13 Lee said the group is looking to
fourth best among this year’s IPO expand its industrial property busi-
Aug 1 Tashin Holdings Bhd ACE Market 0.58 0.27 0.485 -16.38
on Bursa, behind UWC Bhd, I-Stone ness into other industrial areas such
Group Bhd and Greatech Technology Sept 25 MTAG Group Bhd ACE Market 0.53 0.45 0.44 -16.98 as those in Penang and Selangor.
Bhd (see table). AME was also among Oct 7 SDS Group Bhd ACE Market 0.23 0.215 0.255 10.87 On the precast concrete fabrica-
yesterday’s top active counters with Oct 14 AME Elite Consortium Bhd ACE Market 1.3 1.55 1.55 19.23 tion capacity expansion plan, Lee
49.75 million shares done. Data compiled as at Oct 14 Sources: Bursa Malaysia, Bloomberg said the group had secured orders
Group managing director Kelvin from Singapore taking up the up-
Lee Chai expects double-digit growth coming new supply, as well as in-
for the current financial year ending due to higher demand for its indus- into Malaysia has helped boost de- million, Lee is confident this will ternal projects.
March 31, 2020. For the first quarter trial properties resulting from Malay- mand for industrial properties. provide AME with earnings visibility Affin Hwang Capital Research
ended June 30, 2019, AME’s net profit sia’s economic growth, investments Further, he said the group is ex- for 18 months. has initiated coverage of AME with
jumped 96% to RM13.1 million, from in the manufacturing sector and the pected to benefit from plants relocat- Under the listing, AME will raise a “buy” rating at its retail IPO price
RM6.7 million a year earlier. Its rev- ongoing US-China trade tensions. ing or companies’ global expansion RM166.6 million, of which RM111.1 of RM1.30 and a target price (TP) of
enue rose 60.8% to RM94.4 million Speaking to reporters at the listing arising from the US-China trade spat. million will be for business expansion RM1.83. Rakuten Trade Sdn Bhd also
from RM58.7 million previously. ceremony yesterday, Lee said he sees Also, with the group’s strong con- purposes, and the remaining RM55.5 initiated a “buy” call on AME with a
AME said the strong results were that a rising foreign direct investment struction order book of over RM300 million for the selling shareholders TP of RM1.48.
4 HOME BUSINESS
New RM2m tax band to
raise RM100m — minister
The proposal for an increase was made by the World Bank
BY A H M AD NAQ I B I D RI S
& C A M ERON C H ON G
KUALA LUMPUR: Finance Minis-
ter Lim Guan Eng said the new 30%
income tax band for those earning
above RM2 million, which is ex-
pected to affect 2,000 individuals,
will raise about RM100 million in
tax revenue.
Lawyer Wong Sue Wan, partner
at Wong & Partners, had posed
questions on the new tax band to
the finance minister during a ques-
tion-and-answer session, which
she moderated at the Budget 2020
Forum yesterday.
Guan Eng said the proposal for
the increase in tax was made by
the World Bank.
“The World Bank figured that
our top marginal tax rate for the
country is too low compared with
other neighbouring countries and
advised us to increase it. Even by
increasing the income tax [for those
earning above RM2 million] to 30%,
we are still among the lowest,” said
the minister.
He added that the wealthy
should be able to afford the two-
percentage point increase in tax,
and said that this would contrib-
ute to economic growth, which
will in turn, grow the income of
the wealthy and hence covering
the marginal rise in tax.
“Perhaps you could let us know
how much you intend to raise [via
the new tax bracket]?” asked Wong.
“I don’t think it would be that
much. We are looking at proba-
bly around RM100 million,” said
Guan Eng.
Asked whether this would be
the first step towards higher taxes
in the future, the finance minister
did not provide a specific answer.
Guan Eng: Projections in Budget 2020 stress-tested
BY A H M AD NAQ I B I D RI S
KUALA LUMPUR: While some
have said the government is too
optimistic about its forecast of
4.8% gross domestic product
(GDP) growth for next year, Fi-
nance Minister Lim Guan Eng
emphasised the economic pro-
jections in Budget 2020 are based
on stress-tested figures.
“The projections that we have
made are all based on stress-test-
ed figures. We have managed to
keep within the projections over
the last two years and we will con-
tinue to maintain that. If there are
any contingencies, of course we
will do the necessary revisions.
“In 2018, despite many predic-
tions otherwise, we managed to
keep within the average,” he told
Guan Eng delivering his keynote address at the Budget 2020 Forum yesterday. During the question-and-answer session, he also
talked about the Government Procurement Act. Photo By Patrick Goh
However, he made it clear that there
were no wealth or inheritance taxes
in the works.
During the session, Guan Eng
also talked about the Government
Procurement Act, as Wong had
pointed out that it was first men-
tioned in Budget 2019 but it had
not been tabled and there was no
mention of it in the latest budget
either.
“The wheels of parliament move
on its own accord,” responded Guan
Eng. But he stressed that the gov-
ernment intends to do it.
Similar to the government’s shift
to accrual-based accounting from
the press, following the end of his
session at the Budget 2020 Forum
yesterday.
During the question-and-an-
swer session following his key-
note address at the event, Guan
Eng was asked if the GDP growth
forecast for 2020 is realistic. Wong
& Partners partner Wong Sue Wan,
moderating the session, pointed
out the International Monetary
Fund (IMF) is looking to revise
its numbers.
“You may have used the IMF
figures in July this year and the
IMF is due to revisit those num-
bers. Would that change your view
on Malaysia’s GDP growth?” asked
Wong.
Guan Eng said the economic
growth forecast will be contingent
on Malaysia’s performance this
the current cash-based accounting,
he said Putrajaya hopes to have
everything in place by 2021.
“This takes time not only in Ma-
laysia, as other countries also take
time to do this. In the UK, it took
them about eight years to do the
same thing.
“Investors know that the govern-
ment means business when we talk
about institutional reforms and the
various policies and amendments
it involves,” he said.
Following that, Wong moved to
the topic of Industrial Revolution
4.0 and the move towards a more
digital Malaysia, asking the min-
year up to the first quarter of next
year, adding that the government
will revise its figures if there is a
necessity to do so.
“We will not hesitate in mak-
ing revisions when necessary. We
want to be open and transparent.
“These figures are in line with
what I think other institutions
like Bank Negara [Malaysia] pro-
jects for next year. In the event of
a downturn, the fact that we have
allowed the deficit figures to wid-
en from the targeted 3% to 3.2%
would provide us with that fiscal
room to make the necessary ad-
justments,” he said.
During the tabling of Budget
2020, Guan Eng said the Malay-
sian economy is expected to grow
4.7% in 2019 and 4.8% in 2020,
with the government ready to step
T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
ister whether the members of the
administration have the capacity to
execute the transformation.
Guan Eng admitted that bureau-
cratic intricacies in place in the
government are a hurdle for ex-
ecution, which is why it is relying
on specialised agencies to deliver
on some of the initiatives.
For example, the Malaysians@
Work initiative will be executed by
the Employees Provident Fund,
while the digital stimulus pro-
gramme, which aims to encour-
age citizens to use digital payments,
will be done by Khazanah Nasional
Bhd, he said.
in with contingency measures to
provide further support or stim-
ulus to growth.
Some quarters had previously
said the target is too optimistic,
including the Socio-Economic Re-
search Centre (SERC), expecting
a 4.5% growth for 2020.
“It (the projected rate) is on the
high side, given increasing exter-
nal uncertainties from the trade
war and continuing volatility in
the financial market, amid the
still-cautious domestic business
confidence,“ said SERC executive
director Lee Heng Guie.
OCBC Bank chief economist
Selena Ling echoed a similar sen-
timent, saying even with the overt
efforts in Budget 2020 to prop up
private consumption, accounting
for nearly 60% of GDP by expend-
‘State govt can
still set property
price limit for
foreigners’
GEORGE TOWN: Each state
government can still set the
property price limit for for-
eigners based on the current
situation in their respective
states, said Housing and Local
Government Minister Zuraida
Kamaruddin.
She said the suggestion to
lower the price threshold for
foreign buyers from RM1 mil-
lion to RM600,000 announced
in Budget 2020 could be re-ex-
amined according to the needs
of each state.
“When tabling Budget 2020
last Friday, Finance Minister
Lim Guan Eng announced
that this move was to reduce
the supply overhang of con-
dominiums and apartments
amounting to RM8.3 billion
in the second quarter of 2019
and to clear the existing stock
from Jan 1 until Dec 31, 2020.
“I believe if we look at the
Penang state’s statistics, for ex-
ample, the state has a differ-
ent overview of the statistical
analysis compared to Johor
and Kedah,” she told reporters
after opening the Second Local
Authority Empowerment Con-
vention here yesterday.
Zuraida also welcomed the
Penang government’s inten-
tion to study and review the
lowering of the threshold price
for foreigners to buy condo-
miniums and apartments in
urban areas.
“I support this move in
order to determine whether
such a suggestion fits with the
Penang government’s situa-
tion. This is because the state
is more advanced and it may
have different requirements
and level of achievements,”
she said.
Earlier, state local govern-
ment committee chairman
Jagdeep Singh Deo said the
executive committee’s meeting
on Friday would decide on the
new price limit. — Bernama
iture, the overall growth target
may be hard to achieve. While
private consumption is expected
to grow at a relatively healthy rate,
she said GDP may be dragged by
other economic engines.
“Specifically, we see the invest-
ment cycle experiencing some
challenges ahead. A slump in
the capital goods imports of late
may be a sign that there is likely
a slowdown in the fixed capital
formation, comprising nearly a
quarter of the economy.
“Meanwhile, even though ex-
ports may look like they are not a
sizeable contributor to growth in
net-of-import terms, any marked
slowdown in the global trade cy-
cle would lead indirectly to em-
ployment and spending pullback,”
Ling said in a statement.
TUES DAY O CTOBE R 1 5 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 5

Hardly anything in Budget 2020 for

property sector — Rehda president
BY A H M AD N AQ I B I D RI S
Some of the
Putrajaya to tender out
three Pan Borneo Sabah
& C AM ERON C H ON G
initiatives are just
KUALA LUMPUR: Real Estate and extensions of existing
Housing Developers’ Association
(Rehda) president Datuk Soam programmes, such
as Bank Simpanan

Heng Choon is of the view that
there is not much in Budget 2020
for the property sector, as many
of the measures listed are already
in place.
Some of the initiatives are
just extensions of existing pro-
grammes, such as Bank Sim-
panan Nasional’s Youth Housing
Scheme, which has been running
since 2005, said Soam.
As for the extension of the
Home Ownership Campaign
deadline to year end, Soam said
that was already announced in
June, adding that the campaign
was first gazetted in April.
“Budget 2020 hardly has any-
thing for the property sector as it
includes existing programmes,”
he said during a panel discussion
at the Post Budget 2020 Forum
that was organised by Malayan
Banking Bhd, CGS-CIMB Secu-
rities Sdn Bhd and RHB Banking
Group yesterday.
Having said that, he viewed
positively the government’s
plan to lower the property price
threshold for foreign buyers to
RM600,000 from RM1 million for
high-rise residential properties
in urban areas, saying this would
help clear existing inventories.
As such, and noting the nega-
tive responses to the announced
measure over the weekend, Soam
said Rehda will have more en-
gagements with stakeholders on
the matter.
“I think the housing ministry is
getting a bit jittery, as they are say-
ing that maybe they would review
[this measure]. But we understand
why this [measure] is necessary
to help clear unsold stocks. The
housing industry here is a sub-
sidised model, meaning that de-
velopers will have to build a lot
of affordable and low-cost units
and this all has to be subsidised
by the other units,” he said.
While he thinks the measure
could assist the property indus-
Nasional’s Youth
Housing Scheme,
which has been
running since 2005.
try, he said it would have a “very
incremental” impact as foreign
buying in Malaysia is very low.
And the federal government can
only enforce the threshold in fed-
eral territories like Kuala Lumpur,
he noted.
“If the state governments do
not play ball, there’s nothing much
the federal government can do.
They will have to agree to this
threshold,” he added.
He also touched on the ad-
justment of the base year for the
Real Property Gains Tax (RPGT)
to 2013 from 2000, as many had
asked him why 2013 was set as
the base year.
He said when 2000 was set
as the base year for the RPGT in
Budget 2019 — which was previ-
ously zero but was brought back
as part of a series of cooling meas-
ures by the government following
a steep increase in property prices
in 2014 — there was a negative re-
sponse from many stakeholders.
“During the same year (2014),
the government actually banned
the developer interest bearing
scheme and many other cooling
measures were put in place by the
state government. From 2014 on-
wards, we saw a downward trend
in property prices, which is why
the government has now fixed
2013 as the base year.
“If today you want to sell a
property that you acquired in
2010, the tax will be based on the
property’s value in 2013. And from
2013 to today, we would see that
the price of that particular proper-
ty would not have changed much,”
Soam said.
packages in 1Q20
The jobs are worth RM925 million — minister
BY C HE S TE R TAY
KUALA LUMPUR: The government
will be opening up three work pack-
ages worth RM925 million for the
Sabah portion of the Pan Borneo
Highway in the first quarter of 2020
(1Q20).
Works Minister Baru Bian told
Dewan Rakyat yesterday that as at
Sept 21 this year, the project was
21.3% completed, behind the 44.4%
scheduled progress.
“The Pan Borneo Sabah had
three phases when the project de-
livery partner (PDP) agreement
was signed, and the 706km stretch
was divided into 35 packages,” he
said during the Ministerial Ques-
tion Time.
“As at Sept 21, 2019, when the
PDP was terminated, only 12 pack-
ages were awarded. One of them
[was] terminated due to financial
difficulties faced by the contractor. Baru: As at Sept 21, the project was 21.3% completed, behind the 44.4% scheduled
This was package 15 [for the stretch] progress. The Edge file photo
from Tawau to Semporna, while
progress of the remaining 11 pack-
ages were 6% to 60% completed.” Hassan (Warisan-Papar) who had specifying the value of the works
Now, the government has agreed asked the government to state the to be done.
to award another three packages — number of work packages for the At the time, the ministry also
28, 29 and 30 — in 1Q20, involving Pan Borneo project that had yet to confirmed Prime Minister Tun Dr
upgrading works at the Telupid be implemented when the supervi- Mahathir Mohamad’s announce-
and Beluran exits, spanning almost sory responsibility was handed to ment that it was taking over the
60km and costing RM925 million, Sabah’s ministry of infrastructure implementation of the Sabah por-
Baru said. development. tion of the highway, and that the
“The remaining 20 packages are Baru’s ministry first announced cabinet had decided to implement
expected to be tendered in the 12th in April this year that the govern- the project “conventionally”, in
Malaysia Plan, between 2021 and ment would tender out three more line with the government opti-
2025, provided it is approved by work packages under the Sabah mising the costs of projects that
the federal government.” portion of the Pan Borneo Highway have high financial implications
Baru was responding to Ahmad project “in the near future”, without for the country.

Malaysia’s 2020 fiscal deficit of 3.2% All FICSB board members

in line with expectations — S&P
KUALA LUMPUR: Malaysia’s fis-
cal deficit projection of 3.2% of
gross domestic product (GDP)
for 2020 is broadly in line with
expectations, given the difficult
external environment and vari-
ous constraints against boosting
revenues, S&P Global Ratings said
yesterday.
“We will continue to closely
observe fiscal consolidation pro-
gress in Malaysia, especially in the
context of the containment and
reduction of government debt
ratios, and following relatively
higher deficits in 2018 and 2019,”
S&P analyst Andrew Wood said in
a statement.
In July, S&P affirmed Malay-
sia’s issuer credit rating at A- with
a stable outlook, while Fitch Rat-
ings also confirmed Malaysia’s
sovereign credit ratings at A- with
a stable outlook.
S&P said the government is on
track to achieve the target deficit
of 3.4% of GDP this year.
In Budget 2020 tabled last Fri-
day, the fiscal target was revised
to 3.2% of GDP in 2020 from 3%
previously, but it remains on track
to average at 2.8% of GDP in the
medium term.
Finance Minister Lim Guan
Eng earlier yesterday reiterated
that the government is on the right
course to put the country back
on its fiscal track and restore the
economy as espoused in its three-
year financial road map despite
entrenched uncertainties brought
about by the US-China trade war
which has reoriented the global
supply chain. — Bernama
must follow company’s M&A
KUALA LUMPUR: The High Court
heard that all Felda Investment
Corp Sdn Bhd (FICSB) board mem-
bers should act in accordance with
the company’s memorandum and
articles of association (M&A).
Former FICSB company secre-
tary Cheong Choon Yin, 48, said the
board members were former Felda
chairman Tan Sri Mohd Isa Abdul
Samad, Datuk Faizoulli Ahmad, Da-
tuk Dr Omar Salim, Datuk Noor Eh-
sanuddin Mohd Harun Narrashid,
Datuk Nik Azman Mohd Zain, Tan
Sri Dr Mohd Irwan Serigar Abdullah
and Mohd Zaid Abdul Jalil.
“As an FICSB board member,
Tan Sri [Mohd] Isa had a respon-
sibility towards FICSB, a subsidi-
ary of Felda,” said the ninth pros-
ecution witness when reading a
witness statement on the fourth
day of Mohd Isa’s trial for crimi-
nal breach of trust and corruption
involving more than RM3 million
in the purchase of Merdeka Palace
Hotel and Suites in Kuching.
Meanwhile, former FICSB sec-
retary Shahniza Anom Elias, who
replaced Cheong, testified that the
FICSB company secretary’s job re-
quirements were to provide cor-
porate secretarial services includ-
ing providing documentation for
the purpose of registering a newly
formed company to the Companies
Commission of Malaysia under the
FICSB management’s direction.
“The FICSB secretary’s duties are
also to file the company’s annual
financial report upon the approval
of the board of directors and share-
holders, issuing board meeting no-
tices and recording the minutes of
the board meetings,” said the 10th
prosecution witness, who held the
post from March 30, 2015 to Oct
20, 2017.
On Dec 14, 2018, Mohd Isa
pleaded not guilty to one count
of breach of trust and nine counts
of receiving bribes of more than
RM3 million.
The offences were allegedly com-
mitted at Menara Felda, Platinum
Park, Persiaran KLCC between
April 29, 2014 and Dec 11, 2015.
The hearing before Justice Mohd
Nazlan Mohd Ghazali continues
today. — Bernama
6 HOME BUSINESS
Shafee accuses Shahrol of
being in cahoots with Jho Low
Witness says he believed at the time Jho Low was only relaying ex-PM’s instructions
BY EM I R ZA I N U L
KUALA LUMPUR: Lead defence
counsel Tan Sri Muhammad Sha-
fee Abdullah has alleged that former
1Malaysia Development Bhd (1MDB)
chief executive officer (CEO) Datuk
Shahrol Azral Ibrahim Halmi (pic)
had conspired with alleged “pup-
petmaster” Low Taek Jho (Jho Low)
to obstruct an audit by the Nation-
al Audit Department (NAD) of the
state-owned fund in 2010.
Throughout cross-examination
of the prosecution’s ninth witness
yesterday, Shahrol claimed that he
was acting on the instructions of Jho
Low to restrict certain documents
from being accessed by the NAD for
the purposes of the audit.
Shahrol admitted, after being
grilled by Muhammad Shafee, that
had the NAD proceeded with the audit
of 1MDB — then known as Terengga-
nu Investment Authority (TIA) — the
authority would have unearthed Jho
Low’s misappropriation of funds from
the issuance of RM5 billion Islamic
Medium Term Notes (IMTN).
1MDB had transferred US$700
million into Good Star Ltd, a com-
pany that was initially represented as
belonging to 1MDB’s partner Petro-
Saudi International Ltd but was even-
tually revealed to belong to Jho Low.
After producing a series of docu-
ments, Muhammad Shafee implied
that Shahrol could not have been so
naive to solely follow Jho Low, to the
point that he disregarded the NAD’s
requests for documents.
However, Shahrol defended his
stand at the time, as he believed that
Jho Low was only relaying instruc-
tions to him from former prime min-
ister (PM) Datuk Seri Najib Razak,
who was the chairman of the board
Decision on Sri Ram's appointment in 1MDB-Tanore case likely today
BY H AF I Z YATI M
KUALA LUMPUR: The Federal
Court in Putrajaya is expected to
decide today whether appointed
senior Deputy Public Prosecutor
(DPP) Datuk Seri Gopal Sri Ram,
the Attorney-General’s Chambers
(AGC) and government can appeal
against the appellate court’s deci-
sion that granted leave to Datuk
Seri Najib Razak and lawyer Tan
Sri Muhammad Shafee Abdullah
to challenge the appointment of
Sri Ram as a prosecutor in the case.
This follows five questions of law
that had been posed by the AGC and
the government over the Court of Ap-
peal’s decision on Aug 26 that allow
Najib and Muhammad Shafee — who
are each facing trials of their own in
relation to 1Malaysia Development
Bhd (1MDB) — to challenge Sri Ram’s
appointment to conduct the trials.
The 1MDB-Tanore trial involving
Najib is already entering its 22nd day
1MDB-TANORE
TRIAL
of advisors of 1MDB at the time.
Muhammad Shafee retorted that
it should have been Shahrol’s re-
sponsibility, as the CEO of 1MDB, to
check with the shareholders, board
of directors and the board of ad-
visors whether the orders indeed
came from Najib.
Shahrol disagreed.
The witness said Jho Low had told
him that the NAD’s audit of 1MDB
would pose a political risk to Najib, as
the opposition was already playing up
the RM5 billion IMTN issue at the time.
After TIA was acquired by Min-
ister of Finance Inc in 2009, Shahrol
said he wrote a letter to the NAD
stating that Najib did not consider
the audit necessary and that Ernst
and Young would be appointed as
external auditors.
Shahrol signed the letter but con-
tended that the contents were pre-
pared by Jho Low.
“The letter stated that the takeo-
ver of Terengganu Investment Au-
thority to become 1MDB was done
on an ‘as is where is’ basis, and be-
cause of that, it would not have to
be audited or [have] a due diligence
conducted by the National Audit
Department,” said Shahrol in his
witness statement.
Muhammad Shafee: I have
shown by contemporaneous docu-
ments that the [former] PM (Najib)
today, as it began on Aug 28 with Sri
Ram, a former Federal Court judge,
leading the prosecution team, which
comprises 12 other DPPs.
The hearing of Najib and Mu-
hammad Shafee’s merits, which
has been fixed by the High Court
for Oct 25, will only go on if the AGC
and government lose the appeal.
The five questions of law posed
before the apex court as sighted by
The Edge Financial Daily are:
i) Whether an accused in a crim-
inal trial, having unsuccessfully ap-
plied to the trial judge for an order
to disqualify Sri Ram from leading
the prosecution against the accused,
and whose appeals thereafter to the
Court of Appeal and Federal Court
failed, is entitled to apply for a simi-
lar order to disqualify the senior DPP
simultaneously in civil proceedings;
ii) Whether in such circumstanc-
es, the accused has any right to ap-
ply for a judicial review to secure
a similar or substantially similar
was never the person who obstructed
the due diligence and audit of 1MDB.
Shahrol: I have no comment on
that.
Muhammad Shafee: I am put-
ting it to you that the [former] PM
has no interest to obstruct the due
diligence and the auditing of 1MDB.
Shahrol: I have no comment
on that.
Muhammad Shafee: I am fur-
ther putting it to you that the only
interest that is visible is that of Jho
Low — acting in tandem with some
personnel in 1MDB — were the only
people with the interest of never
wanting to do the auditing of 1MDB
beyond July 1.
Shahrol: I have no comment.
Muhammad Shafee: The reason
why they were so bent on not al-
lowing the Auditor-General (AG) to
come in was because it will unravel
the cheating and misappropriating
in the IMTN issuance.
Shahrol: No comment.
Muhammad Shafee: It would
also unravel, among other things,
the US$700 million payment to Good
Star which was Jho Low’s company.
Shahrol: No comment.
Muhammad Shafee: In view of
the crystal-clear evidence, it will
show that you could not be that
naive in believing Jho Low all the
time. There has to be a time that you
felt that this was going into treach-
erous waters.
Shahrol: No comment.
Muhammad Shafee: In this epi-
sode, as early as that, you were very
much in cahoots with Jho Low. You
were not blind, but your eyes were
fully open.
Shahrol: I disagree.
The NAD eventually conducted
an audit of 1MDB, but only later in
order to disqualify the DPP;
iii) Whether the doctrines of res
judicata (judged matter) and issue
estoppel, in any event preclude the
accused from filing a second appli-
cation which, if granted, would have
the effect of disqualifying the DPP;
iv) Whether the accused by filing
a second application which, if grant-
ed, would have the effect of disqual-
ifying the DPP, is thereby acting in
abuse of process and consequently
barred from so applying; and
v) Whether the test laid down in
the Court of Appeal of England in R
(Grace) vs Secretary of State for the
Home Department that judicial re-
view cases which are “totally without
merit” or “doomed or bound to fail”
should not be given leave to proceed to
its merits should be accepted as good
law in Malaysia for hopeless cases, like
the instant judicial review application.
If leave is granted, then the apex
court would fix a hearing date to
hear the merits of the appeal based
T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
2015 after much pressure from the
opposition and civil society follow-
ing reports that RM2.6 billion had
been deposited into Najib’s personal
bank accounts.
However, the report was classi-
fied under the Official Secrets Act.
It was only declassified last year.
Following that, Tan Sri Dr Mad-
inah Mohamad, who was the AG
then, issued a statement confirm-
ing that the original audit report
on 1MDB issued in 2016 has been
altered, and that orders to tamper
with the report first came from Najib.
Among the alterations done, prior
to the audit report being presented to
the Public Accounts Committee on
March 4, 2016, was the removal of the
mention of Jho Low’s attendance in
a 1MDB board meeting.
According to Madinah, others
involved in the tampering were Na-
jib’s former chief private secretary
Tan Sri Shukry Mohd Salleh, former
1MDB president and CEO Arul Kan-
da Kandasamy, former chief secre-
tary to the government Tan Sri Dr
Ali Hamsa and former AG Tan Sri
Ambrin Buang.
PHOTO BY SHAHRIN YAHYA
on the questions posed above,
which may be refined by the court.
It was previously reported that
Najib had sought to remove Sri Ram
from leading the prosecution, the
application which trial Justice Col-
lin Lawrence Sequerah dismissed.
The application had been up-
held by the Court of Appeal and the
Federal Court but the apex court
ordered the appointment letter be
shown to the defence.
At the same time, Najib and Mu-
hammad Shafee filed a judicial review
application aiming to remove Sri Ram.
It was dismissed by then High
Court Justice Datuk Azizah Nawawi
(who is now with the Court of Ap-
peal) on the grounds it amounted
to duplicity of action, but on Aug
26, a three-member bench led by
Justice Datuk Hasnah Mohamed
Hashim allowed the appeal.
Hence the present appeal by the
AGC and the government along
with Sri Ram.
Najib, Rosmah
to identify seized
items through
photos in 1MDB
forfeiture suit
BY E MIR Z A IN UL
KUALA LUMPUR: Colour pho-
tographs of the items seized in
the 1Malaysia Development Bhd
(1MDB) civil forfeiture suit against
former prime minister Datuk Seri
Najib Razak and his wife Datin Seri
Rosmah Mansor will be shown to
them to be identified.
The plaintiffs of the case, led
by Deputy Public Prosecutor
Fatnin Yusof, were told by High
Court Justice Mohamed Zaini
Mazlan yesterday to share the
colour photographs and prop-
er descriptions of the items for
Najib and Rosmah to identify
whether they were personally
purchased or gifted by the duo’s
acquaintances.
The clients were also to be
consulted whether the pho-
tos would be sufficient for the
purpose of identification. The
applicants had no objections
to the order.
Counsels for the applicants,
led by Tan Sri Muhammad Sha-
fee Abdullah (for Najib) and
Iskandar Shah Ibrahim (for
Rosmah), had initially request-
ed for the items to be inspected
physically by their clients.
However, Fatnin insisted
that the application should be
dropped as the sharing of pho-
tographs should be sufficient for
the purpose of identification.
As such, Muhammad Shafee
and Iskandar had requested that
their clients be given two weeks
to identify the items through
photographs. The case is set
for another mention on Nov 15.
On May 8, the government
and the Royal Malaysia Po-
lice filed a civil forfeiture suit
against Najib, Rosmah and sev-
eral others in relation to jewel-
lery, cash, handbags and lux-
ury vehicles said to have been
bought using 1MDB funds.
The notice of motion was to
seize RM31 million worth of
items, including 27 luxury cars,
cash including in foreign cur-
rencies, 29 bank accounts, as
well as more watches and bags.
Last year, the police conduct-
ed a raid on several residences
and offices linked to Najib to
retrieve various valuables.
It was reported that the cumu-
lative value of the items seized
from the raids was estimated at be-
tween RM900 million and RM1.1
billion, making it the biggest sei-
zure in the country’s history.
The items are currently in
the custody of Bank Negara
Malaysia.
Follow the
trial live as
it unfolds at
theedgemarkets.
com/najibs-
1mdb-trial-
reporting or
by scanning this
QR code
TUES DAY O CTOB E R 1 5 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Ku Nan ordered to enter
defence in corruption trial
Former federal territories minister will testify from the witness stand, say his lawyers
BY H A F I Z YAT I M
KUALA LUMPUR: The High Court
yesterday ordered former feder-
al territories minister Datuk Seri
Tengku Adnan Tengku Mansor to
enter his defence in his RM2 mil-
lion graft trial.
Justice Mohamed Zaini Mazlan
said the prosecution has proven a
prima facie case against the ex-min-
ister, notwithstanding his claim that
the RM2 million was a donation
supported by a receipt.
The judge said although Tan Sri
Chai Kin Kong, the managing di-
rector of property developer Aset
Kayamas Sdn Bhd, had produced
the receipt, which was dated two
days after the cheque was issued,
the court had to scrutinise the mys-
terious circumstances of the cheque
issuance, which was done without
the knowledge of the prosecution
or the Malaysian Anti-Corruption
Commission (MACC) investigators.
Justice Mohamed Zaini said al-
though the court accepted the re-
ceipt as evidence, it had to discount
the evidence as the prosecution had
shown that no payment was made
from Tadmansori Holdings Sdn Bhd
— in which Tengku Adnan has an
interest — to Umno.
“I had analysed and consid-
ered the testimonies from Chai
and MACC investigating officer Mu-
hammad Saad Bordani. I therefore
hold that the receipt is not an evi-
dence that Umno had received the
RM2 million from Aset Kayamas.
“It is proven that the accused owns
Tadmansori, being the largest share-
holder. Evidence also shows that the
accused is the decision maker. He is
the alter ego [of the company]. The
prosecution has also managed to
establish there were no payments
made [from] Tadmansori to Umno
and evidence shows Tadmansori has
never had any dealings with Umno.
“The court is inclined to believe
Tengku Adnan is charged under Section 165
of the Penal Code. Photo by Shahrin Yahya
that the RM2 million benefitted the
accused and that it was received
without valuable consideration
which therefore fulfils one of the
elements in the prosecution case,”
said Justice Mohamed Zaini.
HOME BUSINESS 7
The judge added that the prose-
cution also proved the other three el-
ements related to the charge, name-
ly that Tengku Adnan was a public
servant, that Aset Kayamas has no
business dealings with Tadmansori
and that the accused knew Chai in
connection with his function.
“Furthermore, Aset Kayamas
has dealings with Kuala Lumpur
City Hall in the sale and develop-
ment of the KL land. This shows the
accused is involved in the matter
from its inception.
Testifying from the witness
stand
Tengku Adnan, 68, is charged un-
der Section 165 of the Penal Code
which carries up to two years’ im-
prisonment or a fine or both upon
conviction for receiving a RM2 mil-
lion bribe as a public officer, name-
ly the federal territories minister.
The former Umno and Barisan
Nasional secretary-general is al-
leged to have received from Chai
the RM2 million that was deposit-
ed into the CIMB Bank account of
Tadmansori, in which he had an
interest, when it was known that
Aset Kayamas had connection with
his official duties.
Following yesterday’s ruling,
Tengku Adnan’s lawyers Datuk Tan
Hock Chuan and Datuk SS Ruban
told Justice Mohamed Zaini that
their client will testify under oath
from the witness stand, and that the
defence has five other witnesses.
While Justice Mohamed Zaini
wanted the proceedings to resume
in December, Tan and Ruban could
not accommodate the dates.
The court then fixed Jan 10-17
and 20-21 next year as hearing dates.
Justice Mohamed Zaini im-
pressed on Tan and Ruban that
he also wanted at least two or three
days in December to start and hear
the case, and the lawyers said they
will inform the court later.
8 HOME BUSINESS
What do carmakers expect from
National Automotive Policy 2019
The long awaited National Automotive Policy (NAP)
2019 is a master plan that will chart the future
direction of the local car industry, which is a major
contributor to the country’s tax revenue.
There are expectations and high hopes of the NAP
as it is the first crafted by the new government.
Our writer Arjuna Chandran Shankar spoke to
major carmakers on the matter.
Dr Li Chunrong
Proton Holdings Bhd chief
executive officer (CEO)
Consumers are becoming increas-
ingly tech-centred. While energy
efficiency and occupant safety will
always take primacy, the application
of connectivity is also significant.
Within the topic of innovative en-
hancements, another pertinent area
to note is autonomous technology
which will be a key inflection point
for the industry. We believe the suc-
cess of the local industry hinges on
new technology investments. While
Proton is committed to investment
in new technology, we believe the
industry needs to cohesively take a
similar approach so that we can grow
our competitiveness as a whole. We
hope that the NAP will help address
some of these critical issues and help
grow the pie for the industry.
We believe the NAP 2019 will map
out a very detailed policy to nurture
the local automotive industry. Its im-
plementation, however, needs to be
pragmatic in order to make Malaysia
attractive for investors, if we are to
reach any sort of regional compet-
itiveness. Key areas of concern are
the lead time for implementation,
investment capacity for continu-
ous technology development, over-
all research and development pro-
grammes related to new technology,
and improvement in customer sat-
isfaction. In addition, guidelines for
special incentives, especially in tech-
nological investments, are equally
crucial. It would also be great to see
new energy strategies and how the
policy intends to implement these
strategies, if any.
In order to produce quality
next-generation vehicles, hybrid,
and energy-efficient vehicles (EEV),
two core factors should be consid-
ered: time and funding for techno-
logical research. A sufficient time
frame is crucial for Proton to make
adjustments to our operations and
business plans. Beyond that, the
provision for financial support
must also be strongly considered
as investments in new technolo-
gies, and research and development
programmes will significantly aid in
elevating not just Proton’s capabil-
ities and market but of the industry
as well. New models and upgraded
products from Proton have as much
as possible aligned with the possible
enhancement of the NAP. Continui-
ty of such technologies is necessary
for Proton to develop cohesive pro-
grammes with its business partners
and key stakeholders.
One pertinent area highlighted
in the policy’s current iteration is to
increase value-added activities in
a sustainable way. Proton contin-
ues to engage with the relevant or-
ganisations including government
bodies to maximise active partici-
pation in the ecosystem, such as:
i) vendor development in quality,
cost, productivity and technical
capabilities;
ii) dealer upgrading to 3S and 4S
integrated services;
iii) vehicle inspection services; and
iv) tertiary-learning institutions
and skill-development centres
An area that needs more focus
is the development of Malaysia as
an EEV hub. While the awareness
of EEV and sales of EEV-certified
cars have significantly increased
over the last five years, the local
industry’s capability of developing
and manufacturing related critical
components or sub-systems remain
arguably low.
In order to become an EEV hub in
the region, the local industry must be
equipped with capabilities to design
and develop our own engine or pow-
ertrain system(s). Since 2004, Proton
has been developing its own engines
that have evolved over a series of im-
provements. In order to offer engines
that comply with stricter regulatory
standards (such as those set for EEV),
new technologies and development
measures are necessary.
Dr Claus Weidner
Mercedes-Benz Malaysia
president & CEO
As a long-term and committed inves-
tor in the country, Mercedes-Benz
Malaysia sees much potential in the
country’s automotive sector. We re-
main optimistic that the NAP will look
at the entire ecosystem and imple-
ment policies to promote progress of
the automotive industry sustainably.
Datuk Francis Lee Kok Chuan
Bermaz Auto Bhd CEO
Being a major car exporter in Ma-
laysia, what we would like to see is
that the government gives us the
support for Mazda to invest more
in Malaysia. We hope that the gov-
ernment takes this into account
when it comes to excise tax. This is
our wish. We are one of the biggest,
if not the biggest, exporters of cars
in Malaysia over the last three years.
We hope the government recognises
this when it comes to incentives for
local car manufacturers, especially
players like us which use Malaysia
as a production hub in the region.
On how much excise duty do we
think is reasonable? We leave it to the
Dr Li Chunrong
Harald Hoelzl
government to decide. Last year, we
exported 12,000 units of CX-5 alone.
Basically, what we are trying to say
is, “Please give us a pat on the back.”
Hopefully, the government can
encourage more car manufacturers
to set up shops in Malaysia and ex-
port to the Asean region. As for us,
we are already exporting to Thai-
land, Indonesia, the Philippines,
Cambodia and Myanmar.
The excise duty ranges from 75%
to 105%. The more localised your
car is, the more rebate you will get.
Of course, there must be a certain
threshold that the excise tax cannot
go below. It cannot be zero.
But again, I think it is not fair for
me to say the quantum that I want.
It is more about how we are going to
encourage the Japanese to set up joint
ventures with local vendors to create
more jobs and employment opportu-
nities. In my opinion, the more I do
that (localised cars), the more excise
duty rebate I should be getting.
Harald Hoelzl
BMW Group Malaysia
managing director
At BMW Group, we have always be-
lieved that the future of mobility is
electric. That conviction echoes at
BMW Group Malaysia and we are
proud to be at the forefront of electri-
fied mobility in Malaysia since 2015.
In just five years, we are proud to
have delivered advanced electrified
technology locally and begun the
foundations to propel our automotive
industry towards electro mobility.
Premium electrified vehicles already
make up more than 57% of the vehi-
cles we deliver in Malaysia and we
are only behind Norway, the lead-
ing country which is spearheading
electro mobility in this achievement.
T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
Dr Claus Weidner
Datuk Francis Lee Kok Chuan
As per discussed by Malay-
sia Automotive Robotics and
IoT Institute (MARii) CEO Da-
tuk Madani Sahari recently, the
NAP 2019 will include efforts to
make Malaysia a hybrid and EEV
manufacturer. This is a very wel-
coming direction for the future of
the automotive industry in Malay-
sia. The world is moving towards
electrified vehicles and it is only
right that Malaysia does so as well.
The innovation in electrified
vehicles is very new and changes
the game in an industry that has
been around for more than a hun-
dred years now, so it is important
that there is awareness created
of the new innovation offered
and its capabilities and benefits
to the customer and across the
business ecosystem as well.
Often, new innovation requires
tremendous support from gov-
ernments for it to grow, not only
in the minds of customers but
also for strong business cases for
companies to kick-start initiatives.
The NAP 2019 and Budget 2020
are in the driver’s seat to create
this change.
While electrified vehicles are
already in Malaysia, more needs
to be done for the infrastructure
and the ecosystem to support
electric vehicles. We believe that
some focus on the charging infra-
structure as well as on the pro-
duction of components for the
technology is needed to raise our
profile as one of the leading na-
tions for future technologies in
the automotive industry.
More can be done with the help
of the Malaysian government and
this is what we hope the NAP 2019
and Budget 2020 will address.
Dr M: Change
business
strategy
to remain
competitive
PETALING JAYA: There is a
need for Malaysian business-
es to change their business
strategy to remain competi-
tive, including focusing more
on research and development
(R&D), said Prime Minister Tun
Dr Mahathir Mohamad.
He noted that sometimes
they are too operation-orient-
ed in delivering results and too
conservative in diversifying
their businesses and develop-
ing their products.
“This kind of business men-
tality and culture has to change.
Malaysian businesses need to
seriously start investing much
more in R&D to increase and up-
grade their products and service
development, business process-
es and integrated technologies.
“We need to change our
strategy from being technology
traders and users to becoming
technology creators,” said Dr
Mahathir said when officiating
at the International Conference
on Industry 4.0 yesterday.
The premier stressed that
Industry 4.0 will transform the
labour market into a skill-cen-
tric work environment with
the consolidation of operation
technology and information
technology, data analytics, pro-
cess understanding, and the
ability to work with disruptive
technologies.
“Technologies such as the
Internet of Things, advanced
robotics, artificial intelligence
and additive manufacturing
are contributing factors to
generate an increase in net
productivity,” he said.
Dr Mahathir noted that the
national policy on Industry 4.0 or
Industry4WRD launched a year
ago was Malaysia’s response to
Industry 4.0 and beyond.
“With the policy in place, we
aim to drive Malaysia towards
becoming the Industry 4.0 hub in
Southeast Asia — an opportunity
for us to regain our status as an
Asian Tiger,” said Dr Mahathir.
He said Industry 4.0 trans-
formation has to be taken se-
riously for Malaysia to remain
competitive and relevant in the
international equation.
Dr Mahathir also said that
the Malaysian education sys-
tem is currently being tweaked
to fulfil the needs of the nation’s
economy, with the focus on the
teaching of industrial skills.
Graduates from tertiary
educational institutions, he
said, should be able to meet
the demands of the employ-
ment market.
“There is a need to trans-
form our human capital, both
the existing workforce and stu-
dents, with new skills, innovative
thinking and multidisciplinary
knowledge,” he said, adding that
local universities need to start
focusing on developing their
R&D capabilities. — Bernama
TUES DAY O CTOBE R 1 5 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Age, skill diversity
crucial in 21st century
corporate boards
This is in view of demands of today’s reality — ICDM
BY W O N G SWEE MAY
& TAN XUE Y I N G
KUALA LUMPUR: Corporates
should look at other aspects of di-
versity such as age and skill when
considering their boards of direc-
tors’ composition, given demands
of today’s reality, amid technological
disruptions, according to the Insti-
tute of Corporate Directors Malay-
sia (ICDM).
ICDM chairman Tan Sri Zarinah
Anwar said new responsibilities
now require corporate boards to
be diverse and inclusive in every
aspect, be it gender, age, national-
ity, skill, experience or professional
background.
This is because corporates now
operate in an era of uncertainties,
resulting in a rapid expansion of
boards’ traditional responsibilities
to include new areas of potential
risks that they are increasingly ex-
pected to address, but in which they
have little or no experience.
“We operate today in an era of
uncertainties, tougher competition,
great operational complexity and
disruption of legal business models
... The emergence of revolutionary
technologies, disruptive business
models and paramount shifts in
stakeholders’ expectations in recent
years have fundamentally changed
the way we do business.
“Boards must contin-
ually assess the skills
and experience they
require to remain
competitive,” Zari-
nah said.
In particular,
Zarinah said there
is space for young
b l o o d : “ Mi n d -
sets need to
change. The
rules of suc-
cess have
altered
Axis REIT to buy property in Johor for RM65m
BY W O N G EE L I N
KUALA LUMPUR: Axis Real Estate
Investment Trust (REIT) plans to buy
a single-storey warehouse-cum-of-
fice building in Johor for RM65 mil-
lion from Rancak Beta Sdn Bhd.
In a Bursa Malaysia filing yester-
day, Axis REIT said the proposed
purchase will be funded by existing
bank financing. It will not assume
any liabilities in the transaction.
The proposed debt financing will
raise Axis REIT’s gearing to 38.7%
significantly and millennials have
things to teach the baby boomers
too. Younger directors bring increas-
ingly non-traditional backgrounds
and skills to the table, and are more
likely to support impact investing
and care about sustainable prod-
ucts. Additionally, an increasing age
diversity seems to have a positive
impact on achieving better gender
diversity in the boardroom.”
She was speaking yesterday at the
inaugural International Directors
Summit 2019, a two-day region-
al summit where global corporate
leaders and directors exchange in-
sights into important issues facing
today’s boardrooms. The event is
organised by ICDM.
During a panel session, Bur-
sa Malaysia Bhd chairman Datuk
Shireen Ann Zaharah Muhiudeen
highlighted that skills in human re-
sources (HR), technology and enter-
prise risk management are aspects
of board diversity often overlooked
by corporates.
“Having a board member with
HR experience [is] because of all
the changes that are happening. We
are going to have a lot more train-
ing, [re]look skill sets, and without
somebody at the board level with
that expertise, it is going to be chal-
lenging.
“Going forward, that sort of ex-
pertise is critical — especially for
big organisations — because
of technological changes.
You’re going to have to
train, or in the worst case,
Zarinah: Younger
directors bring
increasingly
non-traditional
backgrounds and
skills to the
table. Photo by
Suhaimi Yusuf
of audited total assets as at Dec 31,
2018. The property, together with an-
cillary buildings, currently occupies
a portion of leasehold land, with an
unexpired 35 years and five months
sub-lease term, the REIT said.
The property, within the Pela-
buhan Tanjung Pelepas Free Trade
Zone, is about 41km from Senai In-
ternational Airport and 40km from
the Port of Singapore Authority.
The lessee, Schenker Logistics
(M) Sdn Bhd, is a one-stop logistics
provider offering total integrated
release people. There is a massive
ongoing process that we are see-
ing,” she said.
IMD World Competitiveness
Centre founder and World Econom-
ic Forum’s former managing director
Stéphane Garelli echoed Zarinah’s
sentiment that companies include
the young, especially those from
different industries, and to adopt
the “reverse mentoring” method.
“They bring a lot of added value
if they are from another sector, pro-
vided the management is ready to
listen. Instead of having an old per-
son mentoring the young, we now
have young people mentoring old
managers ... I think more companies
should do that. Try to listen to the
young,” he said.
Another way to obtain young
people’s input, if not by having them
on boards, is through committees
or sub-level focus groups, accord-
ing to Zaid Ibrahim & Co executive
chairman Datuk Seri Dr Nik Norzrul
Thani.
Diversity aside, Securities Com-
mission Malaysia chairman Da-
tuk Syed Zaid Albar, also present
yesterday, stressed it is critical that
corporate boards maintain their in-
dependence of mind and position,
to enable an effective oversight of
management.
“Boards must understand the
disruptive trends emerging in busi-
nesses today. You must be able to
challenge assumptions, underscore
[the] management, strategy and
help [the] management identify new
growth parts.
“While doing so ... all directors
are expected to exercise their powers
for proper purposes, in good faith
[and] in the company's best inter-
est. Whenever a conflict situation
arises, directors must be able to do
their best judgement in exercising
what is good for the company and
not what is good for their own per-
sonal interests,” he added.
logistic services to local and glob-
al customers, and also one of Axis
REIT’s existing top ten tenants in
the portfolio in terms of revenue
contribution to the fund.
On some 8.177-acre (3.31ha)
land, the property has a net letta-
ble area of 222,723.20 sq ft. Its net
book value was RM34.88 million as
at June 30, 2018. The proposed buy
is only expected to contribute posi-
tively to Axis REIT’s earnings upon
completion, targeted by the first half
of 2020, Axis REIT said.
HOME BUSINESS 9
MGRC plans 22 sen
dividend after selling
main revenue contributor
BY TAN XUE Y IN G
KUALA LUMPUR: Malaysian
Genomics Resource Centre
Bhd (MGRC) shareholders
stand to receive a special cash
dividend of 22 sen per share
following the group’s proposed
disposal of its entire clinical
pathology services business.
MGRC plans to dispose of
the business, held under Mpath
Sdn Bhd, to Gribbles Pathology
(Malaysia) Sdn Bhd, indirectly
owned by Singapore-based Pa-
thology Asia Holdings Pte Ltd.
MGRC told Bursa Malaysia
yesterday that the proposed
disposal for RM42 million pro-
vides an opportunity for the
group to unlock the value of
its investment in Mpath Group,
from which it will net a disposal
gain of some RM21.92 million,
after accounting for estimated
expenses. Its cost of investment
in Mpath Group, from May 2012
to September this year, totalled
RM20.54 million.
The group said it is still de-
liberating on the use of the
disposal proceeds, but said
the board has proposed a spe-
cial cash dividend of 22 sen a
share on an entitlement date
to be determined later.
Mpath contributed RM27.46
million or 99% of MGRC’s revenue
for the financial year ended June
30, 2019. The group’s net profit
during the year was RM229,000.
Clini (left) is replacing Akiskalos as Carlsberg Malaysia MD. The former’s portfolio will include
managing the company’s operations in Malaysia and Singapore
Carlsberg Malaysia appoints
Stefano Clini as new MD
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Carlsberg Brew-
ery Malaysia Bhd has appointed Ste-
fano Clini as its managing director
(MD) effective Oct 26. The 53-year-
old Italian national will succeed
outgoing MD Ted Akiskalos, the
group said in a statement yesterday.
Clini’s portfolio will include
managing the company’s opera-
tions in Malaysia and Singapore, as
well as representing the company
in Lion Brewery (Ceylon) PLC, Sri
Lanka as a board member.
MGRC said it intends to
refocus on growing its exist-
ing genetic screening services
(GSS) and genome sequencing
and analysis (GSA) businesses.
The GSS business, under the
brand Dtect, screens a patient’s
deoxyribonucleic acid (DNA)
for genetic markers and is as-
sociated with various diseases
or health conditions.
“While the MGRC group
currently does not active-
ly market products under its
GSA business, its GSA know-
how and laboratory equipment
are now used in processing its
Dtect tests, and in the design
and development of new ge-
netic tests and other clinical
tests,” it said.
Upon the disposal, MGRC’s
remaining revenue from its
GSS and GSA businesses con-
tribute less than 5% of MGRC’s
share capital, which may trig-
ger the affected listed corpo-
ration status pursuant to Rule
8.03A of the listing require-
ments.
However, the group said it
intends to maintain its listing
status and that it may seek a
waiver from being classified
as a cash company under the
Guidance Note 2.
MGRC shares closed one
and a half sen higher yester-
day at 30.5 sen, with a market
capitalisation of RM30.02 mil-
lion.
Currently, Clini is also Carls-
berg Vietnam Breweries Ltd MD,
a position he held since Septem-
ber 2017.
“Under his leadership, Carls-
berg Vietnam has had a successful
turnaround with record growth
in the top and bottom lines,” the
group said.
Before joining Carlsberg Vi-
etnam, Clini was British Ameri-
can Tobacco Malaysia Bhd MD,
responsible for the Malaysia and
Singapore operations from 2013
to 2016.
10 H O M E B U S I N E S S
Trade war rejuvenates
‘Silicon Valley’ firms
in Malaysia
This leads to Penang’s resurgence after ‘a decade of sleepiness’
BY L I Z L EE & KRI SHN A N DAS
PENANG: Years after resisting pres-
sure to move to China, Datuk Lee
Hung Lung says his bet has paid off.
Sales at his Malaysia-based Hotayi
Electronic (M) Sdn Bhd are surging,
it is hiring more workers, consider-
ing an expansion, and picking and
choosing orders.
Lee is the founder and chief exec-
utive officer (CEO) of Hotayi, whose
two factories manufacture and as-
semble circuit boards and other elec-
tronics products. The plants are lo-
cated in the coastal state of Penang,
once called the “Silicon Valley of the
East” for its massive 47-year-old elec-
trical and electronics (E&E) industry
before it lost its shine to China.
Then came the trade war be-
tween the world’s biggest two econ-
omies, pushing mostly US compa-
nies to look for factories outside
China to escape retaliatory tariffs,
and leading to Penang’s resurgence
after what a fund manager de-
scribed as “a decade of sleepiness”.
Penang is just one of the areas
across Asia competing for supply
chains seeking a new location and
lower tariffs.
But its two industrial zones have
the advantage of a long-established
ecosystem of suppliers and custom-
ers in one place and cheaper labour
than regional rival Singapore. The
two zones are connected by a 24km
bridge over the Strait of Malacca.
The other factor going for Penang
is that many semiconductor and
other electronics products from
Malaysia do not attract US tariffs,
unlike the 25% rate for China.
In June, Hotayi opened its sec-
ond plant — which at 350,000 sq ft
is five times the first one. On a visit
this month, employees were test-
ing equipment that will help build
products for clients that include
Samsung, LG and Sharp.
“Around 2007, I was facing big
pressure even from my management
because China was cheaper than Ma-
laysia — up to 30% in labour costs,”
said Taiwan-born Lee, taking off his
striped white factory suit as he settled
down for an interview in a conference
room still smelling of paint.
“I instead decided to go for more
smart, which means more invest-
ment in IT, software. Today Hotayi is
becoming more, more and more big,”
he said. “Because of the trade war,
customers are transferring their com-
plete production lines from China.”
Intel’s first foreign plant
Foreign direct investment into
Penang leaped elevenfold to about
US$2 billion in the first half of this
year — much more than it has attract-
ed in any other full year. The govern-
An employee of automated test equipment designer and solution provider Aemulus
Holdings Bhd inspecting a printed circuit board at a production facility in Penang
recently. US companies are also building factories in Penang. Photo by Reuters
ment expects second-half numbers
to be as strong, but declined to give
any estimate of jobs generated.
In its federal budget for next year
presented last Friday, Malaysia said
it would provide tax incentives to
further promote high value-added
activities in its E&E industry.
US companies such as chipmaker
Micron Technology and iPhone sup-
plier Jabil Inc are building factories
in Penang. The state is urgently free-
ing up more land, including through
reclamation, to make space for new
plants, said its top elected official,
Chief Minister Chow Kon Yeow.
Penang shot to the limelight in
1972 when Intel built its first inter-
national manufacturing plant there.
Intel was followed by many other
big US names such as Broadcom,
Dell and Motorola.
But investments largely stayed flat
for more than a decade starting 2005,
government data shows, as China
lured away companies. Intel opened
a factory in the Chinese city of Cheng-
du the same year, prompting some
Malaysian suppliers to move as well.
“Penang became more of a
sleepy town after that,” said Geof-
frey Ng, director of strategic invest-
ments at Malaysian asset manage-
ment firm Fortress Capital.
“It’s almost like a new renais-
sance for Penang. Penang is starting
to see a second wave of investments
after so many years of having lost
its shine to China.”
Micron this year pledged to in-
vest RM1.5 billion in Malaysia over
the next five years. Hotayi, which
spent RM1 billion to build its new
facility, could spend another RM1
billion in the next one or two years
to expand production, managing
director Goh Guek Eng said.
Its sales are set to jump by up to
40% to US$100 million (RM418 mil-
lion) this year — the best ever and
compared with an average growth
of 20%. A labour shortage, which
forced Hotayi to decline an order
recently, could however limit Ma-
laysia’s E&E growth, she added.
‘Quick transfer’
Among other companies in the
Penang zones, Qdos, which makes
flexible printed circuits that it
supplies to companies including
Hotayi, expects to benefit from the
trade war only next year when some
customers who cut back on inven-
tory place new orders.
Globetronics Technology Bhd,
which exited China in 2011 as pro-
duction costs rose and focused on
its decades-old Malaysian opera-
tion, said it had gained more than
10% additional market share this
year for its sensor products and was
expanding production capacity.
CEO Datuk Heng Huck Lee said
several of their potential clients were
“mainly looking at a quick transfer
and start up by renting ready facility
and transferring some of their exist-
ing mature operations to Malaysia”.
Pentamaster Corp Bhd, a Malay-
sian manufacturer of factory auto-
mation systems, said it completed its
second production plant in Penang
last year and is now expanding the
floor space of its first plant by anoth-
er 10% to 15%. It said it was looking
to sell more to China since some
companies there are barred from
buying certain high-tech equipment
from the US.
Malaysia’s January to August E&E
exports rose 0.7% on-year to RM247.6
billion, while total exports slipped
0.4% to RM650.8 billion. Electronics
exports from other countries such
as South Korea and Singapore have
plunged in recent months.
“We sense Malaysia’s relative
strength as a move up the electron-
ics value chain,” ING Asia economist
Prakash Sakpal said. “And if so, the
outperformance should continue even
if recent strength wears off in an en-
trenched global downturn.” — Reuters
T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
Foreign selling slows to
RM276.6m — MIDF
BY SURIN MURUGIAH
KUALA LUMPUR: Last week,
offshore investors continued to
reduce their exposure on stocks
listed on Bursa Malaysia for the
fourth consecutive week, which
saw net foreign selling narrow-
ing to RM276.6 million as op-
posed to RM770.8 million in
the prior week.
According to MIDF Amanah
Investment Bank Bhd Research’s
Adam M Rahim, Bursa had a
slightly rough start for the week
as foreign investors disposed of
RM65.5 million net last Monday,
as sentiment was dampened be-
cause Chinese officials appeared
reluctant to agree to a broad trade
deal with the US, ahead of nego-
tiations last Thursday.
“The level of foreign net sell-
ing on [last] Tuesday and [last]
Wednesday almost doubled to
reach RM113.5 million net and
RM112.7 million net.
“The tensions between the
US and China grew further as
President [Donald] Trump
blacklisted eight Chinese tech-
nology giants, citing the com-
panies’ involvement in China’s
crackdown on Muslim minor-
ities in Xinjiang,” Adam said in
his weekly fund flow report.
The outflow momentum
then slowed when Thursday
came, with international funds
selling only RM40.6 million net
of local equities, which Adam
said was due to the possibility
that the US and China might
reach a partial trade deal.
“Foreign investors then took
a breather from selling activi-
ties as they snapped up RM55.6
million net of local equities [last
Friday], lifting the local bourse
up by 0.3% to settle at 1,556.8
points. This is the first foreign
net inflow in 11 trading days,”
he said.
Besides Trump’s comments
Malaysian M&A deals to increase
to 221 in 2020 — report
KUALA LUMPUR: Malaysia’s deal
activity outlook is brightening,
with research and analysis con-
sultancy Oxford Economics ex-
pecting the number of merger and
acquisition (M&A) transactions in
Malaysia to increase to 221 deals in
2020, from an expected 218 deals
in 2019.
“But the value of these deals [is
expected] to fall to US$6.5 billion
from US$8.9 billion,” according to
law firm Wong & Partners’ fifth an-
nual Global Transactions Forecast
report, which is produced in con-
junction with Oxford Economics
released yesterday.
Commenting on the report, Wong
& Partners deputy managing partner
from the corporate, commercial and
securities practice group Munir Ab-
dul Aziz expects the M&A and capital
market activities in the country in
2019 and 2020 to be driven by three
principal factors, namely:
Weekly net flow of foreign funds into
Malaysian equities since Jan 2018
(RM mil)
1,500
1,000
500
0
-500
-1,000
-1,500
-2,000
-2,500
-3,000
Jan Dec Oct
2018 2018 2019
Sources: Bursa Malaysia statistics,
MIDF Research
that the first day of high-level trade
negotiations went very well, opti-
mism in the market was stemmed
from the tabling of Budget 2020
in parliament last week.
“On a year-to-date basis, in-
ternational funds have taken out
RM8.88 billion worth of local eq-
uities from Bursa, making up 76%
of last year’s foreign outflow of
RM11.69 billion.
“In terms of participation,
foreign investors were the only
group that experienced a weekly
drop in the average daily traded
value of 6% to remain below the
RM1 billion mark for the third
week running,” he said.
Globally, Adam said the ma-
jority of equity markets were in
the black last week, with much
of the positive vibes stoked by
the latest high-level trade talks
between the US and China.
In Asia, Adam said foreign in-
vestors made a moderate return
to markets here last week after
the massive sell-off observed in
the week prior.
“Based on the provisional ag-
gregate data for the seven Asian
exchanges that we track, investors
classified as ‘foreign’ acquired
US$92.9 million (RM388.32 mil-
lion) net last week compared with
the US$1.15 billion net sold in the
preceding week,” he said.
“The continued rationalisa-
tion and streamlining of assets
and businesses held by govern-
ment-linked corporations and pen-
sion and investment funds; invest-
ments and divestments by private
equity sponsors, as well as valua-
tion arbitrage arising from buy-outs
of undervalued businesses within
listed corporations,” he said.
Munir also anticipated that Ma-
laysia would be a beneficiary of
the realignment of supply chains
arising from the trade tensions
between the US and China.
“This is because multinationals
take advantage of Malaysia’s strate-
gic position at the heart of South-
east Asia, an open trading economy
in which it is relatively easy to do
business, and a commitment by a
new government that is beginning
to undertake structural reforms of
institutions and bottlenecks in the
economy,” he said. — Bernama
TUES DAY O CTOBE R 1 5 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Foreign holdings of local
bonds rise in September
This comes as Malaysian bonds are retained in FTSE Russell’s World Govt Bond Index
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Foreign holdings
of local bonds increased in Septem-
ber thanks to FTSE Russell’s deci-
sion to retain Malaysian bonds in
its World Government Bond Index
despite keeping them on its watch
list, said Malaysian Rating Corp
Bhd (MARC).
During the month, the local
bond market was also supported
by heightened expectations of an
overnight policy rate cut in No-
vember, said MARC chief econ-
G3 says yet to receive decision from TPM on bid
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: G3 Global Bhd
said it had submitted a tender offer
to Technology Park Malaysia (TPM)
for the development of a piece of land
there, but has yet to receive any offi-
cial decision on the matter.
The tender was submitted on
June 14, the artificial intelligence
(AI) group said in a filing with Bur-
sa Malaysia.
It was responding to a report in
The Star newspaper yesterday which
said G3 and its partners had secured
‘WeWork mulls bailout that hands control to SoftBank’ World’s first major co-living fund
BY GILLIAN TAN, MICHELLE F DAVIS
& DAVIDE SCIGLIUZZO
NEW YORK: WeWork is considering
a bailout that will hand control of
the co-working giant to SoftBank
Group Corp, according to a per-
son familiar with the matter, one
of two main options to rescue the
once high-flying start-up.
The Japanese investment pow-
erhouse controlled by billionaire
Masayoshi Son is convinced it can
turn around the cash-strapped
American company with the right
financial controls in place, the per-
son said, asking not to be identified
talking about internal deliberations.
WeWork’s board and backers, how-
ever, are also weighing another
option: JPMorgan Chase & Co is
leading discussions about a US$5
billion (RM20.9 billion) debt pack-
age, Bloomberg reported.
Either rescue package would
ease a cash crunch that could leave
the office-sharing company short of
funds as soon as next month. The
office-sharing start-up had been
headed towards one of the year’s
most hotly anticipated initial public
omist Nor Zahidi Alias.
He said foreign investors raised
their local bond holdings to
RM189.1 billion during the month,
from RM188.2 billion in August.
However, the proportion of for-
eign holdings of local bonds re-
mained around 12.6% as total out-
standing local bonds fell due to large
volume of matured Government
Investment Issue (GII) papers.
Total foreign holdings of Ma-
laysian Government Securities
(MGS) rose to RM154.2 billion in
September from RM153.7 billion
a piece of land in TPM to build their
iconic AI park. The report quoted an
unnamed property industry execu-
tive as saying that TPM made a de-
cision last week to award the piece
of land to G3.
In April, G3 inked a memorandum
of understanding with SenseTime
Group Ltd and China Harbour En-
gineering Co Ltd (CHEC) to set up
the AI park in Malaysia, with a total
investment of US$1 billion.
G3 said the park would serve as
a platform for the development of
AI solutions in areas of computer
WeWork had been counting on a stock listing — and a US$6 billion loan contingent on
a successful IPO — to meet its cash needs. Photo by Bloomberg
offerings (IPOs) before prospective
investors balked at certain financial
metrics and flawed governance,
turning the American giant into a
cautionary tale of private market
exuberance and costing the com-
pany’s top executive his job.
The fast-growing, money-losing
start-up had been counting on a
stock listing — and a US$6 billion
in August, while foreign share of
the total outstanding fell slightly
to 37.5% as gross issuance slowed.
“Year to date (YTD), cumulative
flows into local bonds for the first
nine months surged to RM4.3 bil-
lion compared with RM3.4 billion
registered in the first eight months
of the same year,” Nor Zahidi said
in a statement.
“By instrument, cumulative for-
eign flows into MGS stood at RM8
billion while cumulative foreign
flows into other instrument types
remained negative,” he added.
vision, speech recognition, natural
language and humanoids/robots.
It could also become a place for
talents to be trained in AI and ma-
chine learning.
G3 will primarily be involved in
promoting, managing and executing
all business development activities
for SenseTime’s products and tech-
nologies within Malaysia.
SenseTime, which recently be-
came the world’s most valuable AI
start-up with a valuation of more than
US$4.5 billion (RM18.81 billion), will
provide G3 its industry expertise and
loan contingent on a successful IPO
— to meet its cash needs.
The Wall Street Journal first re-
ported that SoftBank might be dis-
cussing a deal to gain control of
WeWork. Representatives of the
Japanese company were not im-
mediately available for comment
yesterday, a national holiday. —
Bloomberg
H O M E B U S I N E S S 11
Nor Zahidi said outstanding
MGS and GII papers fell to RM766
billion in September from RM768.5
billion in August, due to higher vol-
ume of matured papers, pushing
net issuance into negative territory
for the month.
“Gross issuance also fell during
the month, totalling RM5.5 billion
(August: RM10 billion) with GIIs
contributing to most of the decline.
YTD, overall gross issuance of MGS/
GIIs grew by 3.9% year-on-year to
RM93 billion (2018 YTD: RM89.5
billion),” he said.
knowledge, including technology
and technical support, product and
technology training, as well as peri-
odic updates on new technologies.
Meanwhile, CHEC’s role in the
venture is to provide infrastruc-
ture engineering and construction
services.
G3’s share price has more than
doubled since the announcement
on April 26, having climbed steadily
from RM1.62. It closed four sen or
1.18% higher at RM3.42 yesterday,
giving the group a market capitali-
sation of RM1.42 billion.
seeks £650m in pledges
BY JACK SIDDERS
LONDON: Real estate investment
manager DTZ Investors and co-liv-
ing developer the Collective have
started the world’s first fund to buy
and build communal housing in
London, betting lonely renters and
sky-high house prices will make the
niche sector mainstream.
The venture is seeking £650
million (RM3.42 billion) in com-
mitments and plans to invest in
six to 10 projects in London, ac-
cording to a statement yesterday.
The fund has £70 million of seed
capital and its managers aim to
build a portfolio valued at about
£1 billion over its 10-year life, with
returns of 8% to 10%.
“We definitely expect a
first-mover advantage,” Chris
Cooper, chief executive officer
(CEO) of DTZ Investors, said in
an interview. The fund manag-
er invested in UK student-hous-
ing landlord Unite Group plc
in 2005, a time when pur-
pose-built apartments for students
were in their infancy. That bet
Ni Hsin plans
RM10m
investment in
Satumarin
BY N A Z UIN Z UL A IK H A
KAMARULZAMAN
KUALA LUMPUR: Stainless steel
cookware maker Ni Hsin Resourc-
es Bhd plans to invest RM10 mil-
lion in Satumarin Sdn Bhd to ex-
pand into the marine and oil and
gas (O&G) sectors.
The expansion announcement
came after the group agreed to buy
a 49% stake for RM735,000 in Sat-
umarin, which is in the business of
providing offshore marine servic-
es and logistics support, besides
project management and marine
technical consultancy services to
the O&G industry.
Ni Hsin inked an agreement
with Satumarin yesterday to effect
the deal. The company, Ni Hsin
said in a statement, also holds
the licence to supply products/
services to exploration and O&G
companies in Malaysia issued by
Petroliam Nasional Bhd.
Upon successful transfer of the
shares to Ni Hsin, Ni Hsin would
subscribe to up to 9.265 million
redeemable preference shares
for RM9.265 million in Satumarin
within five years, Ni Hsin said.
The venture opens up new op-
portunities for Ni Hsin to expand
into the marine and O&G sectors
in Malaysia, the Asean region and
beyond, said Ni Hsin group chair-
man Sofiyan Yahya. “Ni Hsin is
already familiar with the global
market, and hence will further
enhance Satumarin’s global aspi-
rations,” he added. Ni Hsin shares
closed two sen or 10.81% lower at
16.5 sen yesterday, with a market
value of RM56.34 million.
P R O P E RT Y
has paid off handsomely.
Co-living developments pro-
vide small bedrooms or apart-
ments with large common areas,
selling customers on a sense of
community and access to a wide
range of amenities. The handful
of brands emerging in the UK and
the US typically target young pro-
fessionals who are priced out of
buying their own homes.
The fund’s first investment
is a 222-room building in Lon-
don’s Harrow section that is due
to be completed in 2021. As well
as funding new projects, the ven-
ture, called Coliv, will buy existing
properties that have been oper-
ated by the Collective during its
four-year investment period.
The Collective currently has
about 1,650 rooms and is in the
process of developing 8,000 more
in the UK, Ireland, Germany and
the US, according to CEO Reza
Merchant. The average age of its
customers is 33 and the average
yearly salary of tenants at its prop-
erty in London’s Old Oak is about
£34,000, he said. — Bloomberg
12 H O M E
‘Mobilise women to work’
Close the gender gap in economic opportunities, says Wan Azizah
PUTRAJAYA: The female labour force
in Malaysia must be mobilised to help
the nation attain high-income status,
said Deputy Prime Minister Datuk
Seri Dr Wan Azizah Wan Ismail.
She said the latest data showed
that women’s participation in the
labour market was at 55.2% last
year compared to 80.4% for men.
“This clearly shows that there
are many women who are capable
but whose talents are not utilised,”
Wan Azizah, who is also minister
of women, family and community
development, said.
“Many studies have found that
there is a big gap in economic op-
portunities between women and
men,” she said in her speech at
the launch of the 2019 National
Women and Family Convention
here yesterday.
The text of her speech was read
‘Speaking
English does not
mean forgetting
our traditions’
KUANTAN: Speaking English
does not mean we are forget-
ting our traditions, nor does
it mean that we are leaving
behind our identity, Raja Per-
maisuri Agong Tunku Hajah
Azizah Aminah Maimunah
Iskandariah said.
She said that one can still
keep the important values and
grow to be a global citizen that
Malaysia can be proud of and
at the same time be fluent in
English.
Improving the ability to
use English would also open
up more opportunities in
personal and profession-
al life, which would enable
a person to compete in this
fast-changing global econo-
my, the Queen said.
“For Malaysia to prosper,
we must communicate and
engage with our neighbours.
We can’t be a closed society,
nor would we ever want to be.
We rightfully take enormous
pride in our nation and our
culture.
“It is our duty to share our
knowledge, customs and cul-
tures with the wider world com-
munity,” she said in her speech
at the Pahang Fulbright English
Teaching Assistant Showcase
2019 here yesterday.
Also gracing the event was
Yang di-Pertuan Agong Al-Sul-
tan Abdullah Ri’ayatuddin
Al-Mustafa Billah Shah.
The programme, which be-
gan in 2012, is a collaboration
between the Malaysian and the
US government to create more
opportunities for students to
learn English in an exciting
way. — Bernama
out by her deputy minister, Han-
nah Yeoh.
Wan Azizah said a woman could
be the sole breadwinner in her fam-
ily or a multi-talented entrepreneur.
“We are good at multitasking.
Give full commitment to using
Bahasa Melayu, says Anwar
MELAKA: Government councils
must use the Malay language as
a medium of communication as
part of the effort to uphold it as a
language of knowledge, said Port
Dickson member of Parliament
Datuk Seri Anwar Ibrahim.
The PKR president said the
protests and doubts from certain
parties should not stop efforts to
uphold Bahasa Melayu as the of-
ficial language of the country, but
the current leaders and Pakatan
Harapan government must give
their undivided commitment to
the effort.
“Recently, I was at a conference
Maria Chin told to answer contempt
charge before Syariah High Court
BY HAF IZ YATIM
KUALA LUMPUR: Federal lawmak-
er Maria Chin Abdullah has been
ordered by the Syariah High Court
here to answer a contempt charge
on Dec 2 made against her by Naza
Group executive chairman Datuk
SM Faisal SM Nasimuddin.
This follows the leave granted by
Syariah High Court Judge Mohamad
Fouzi Mokhtar to SM Faisal to initiate
contempt proceedings against the
Petaling Jaya member of Parliament,
whom the court found had brought
the court to disrepute.
“Her statement was scandalous
and contemptuous. This has affected
the integrity of the Syariah Court,”
Judge Mohamad Fouzi said in his
ruling yesterday.
He also ordered Maria to ap-
pear before him on Dec 2, to an-
Wan Azizah: Many
studies have found
that there is a big
gap in economic
opportunities
between women
and men. Photo by
Reuters
We all know the joy and pain of
performing diverse roles,” she said.
Wan Azizah also said her min-
istry viewed seriously the issues
of abuse and suppression faced
by women.
organised by a ministry, where
there were ambassadors from
other countries, from the very
beginning, the whole conference
was in English, including the doa.
“I commented to the minis-
ter that we should change this
approach because government
events, especially national events
held within the country, should
be conducted in Malay,” he said
in Ayer Keroh here yesterday.
Anwar said this in his keynote
address at the closing ceremony
of the Malay Archipelago Lan-
guage and Letters Congress, Mel-
aka level, which was launched
swer the charge against her.
SM Faisal’s lawyer, Datuk Ak-
berdin Abdul Kader, confirmed the
court’s decision on the matter when
contacted by theedgemarkets.com.
SM Faisal filed an application to
obtain the court’s leave to initiate
contempt proceedings against Ma-
ria for issuing a statement that he
allegedly had criticised the Syariah
Court’s decision last month.
The court had ordered his ex-wife
Emilia Hanafi to be jailed seven days
for not abiding by the visitation rights
given to their father for their three
children, and rescheduling those
visits on her own.
Maria, a former Bersih 2.0 chair-
person, had questioned the jail sen-
tence imposed on Emilia, whose
punishment had been deferred
pending her appeal to the Syariah
Court of Appeal, which is the final
T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
On Budget 2020 tabled by Fi-
nance Minister Lim Guan Eng last
Friday, Wan Azizah said there were
many new initiatives which had
a direct or indirect effect on the
well-being of women and their
families.
“Today, the fertility rate in Ma-
laysia has dropped drastically from
4.9 birth rate in the 70s to 1.9 birth
rate per woman.
“To help a couple get fertility
treatment, the Employees Prov-
ident Fund will introduce a new
withdrawal category to enable them
to undergo fertility treatment such
as in-vitro fertilisation,” she said.
With Budget 2020, which is bal-
anced and comprehensive, the ob-
jective of increasing women partic-
ipation in economics and closing
the gender gap could be achieved,
she said. — Bernama
by Melaka Chief Minister Adly
Zahari.
Anwar said there were also
press conferences held by leaders
and organised by the government
where the language used was a
mixture of Malay and English,
which does not mirror the Paka-
tan government’s stand to uphold
the Malay language.
“I urge that all who want to
have a press conference to do it all
in Malay, and if there is a need to
answer a question in English, or
it is an international conference,
then you can talk in English,” he
said. — Bernama
level of appeal in the syariah court
system. Pending her appeal, Emilia
was granted bail of RM5,000.
The issue arose after the lawmak-
er issued a press statement entitled
“Emilia Faisal Hanifi’s sentencing
proves injustice against Muslim
women still exists in the legal system”.
In the Sept 5 statement, Maria
alleged that the syariah legal system
still discriminated against Muslim
women and referred to Emilia’s sev-
en-day jail sentence.
Akberdin, in his show-cause sub-
mission on Maria, said her comments
had cast aspersions on the syariah
judicial system as she is a politician
and holds public office as an elected
representative.
Married in 2002, SM Faisal, 40,
and Emilia, divorced 14 years later
in 2016. The couple has three sons
aged five to 12.
IN BRIEF
Dr Dzul: Enforcement
of vaping ban
still under study
KUALA LUMPUR: The en-
forcement of the ban on the
sale of electronic cigarettes
(e-cigarettes) or vape that use
liquid solutions without nico-
tine is still under discussion,
the Dewan Rakyat was told
yesterday. Health Minister Da-
tuk Seri Dr Dzulkefly Ahmad
said his ministry and the do-
mestic trade and consumer
affairs ministry are still stud-
ying the matter in-depth and
that new legislation on vaping
(using e-cigarettes) is currently
being reviewed by the attor-
ney-general’s chambers. He
said this in reply to a question
from Ahmad Marzuk Shaary
(PAS-Pengkalan Chepa). —
Bernama
Waytha suit against
Ibrahim Ali to
be heard next year
KUALA LUMPUR: The High
Court has fixed three days,
from June 8 to 10 next year,
to hear the defamation suit
filed by Minister in the Prime
Minister’s Department P Way-
tha Moorthy against Perkasa
president Datuk Dr Ibrahim
Ali. The suit was related to
Ibrahim’s speech during Per-
kasa’s annual general assem-
bly here on Dec 2 last year.
Waytha’s lawyer, K Kanagavali,
told reporters yesterday the
dates were fixed by judicial
commissioner Datuk Seri Lat-
ifah Mohd Tahar in chambers
during case management. —
Bernama
Zuraida: Govt to extend
service of council
members to one term
GEORGE TOWN: The govern-
ment intends to extend the
term of service of local au-
thority council members to
one term instead of one or
two years as currently prac-
tised, said Housing and Lo-
cal Government Minister Zu-
raida Kamaruddin. She said
the tenure of a term or five
years was the same as that
held by state assemblymen
and members of Parliament.
“Some states offer one year,
others two years, and then the
council members change,” she
told reporters after opening
the 2nd Local Authority Em-
powerment Convention here
yesterday. — Bernama
Yeoh: Women abusing
maternity leave a myth
PUTRAJAYA: The thought that
women will abuse their ma-
ternity leave by spending it on
holidays is a just a myth, said
Deputy Women, Family and
Community Development Min-
ister Hannah Yeoh. She said
maternity leave for mothers is
to ensure babies and mothers
spend bonding time together
and that the babies would be
exclusively breastfed. She said
this to the media on the side-
lines of the National Conven-
tion of Women and Family 2019
here yesterday. — Bernama
14 B R O K E R S’ C A L L
Gamuda seen seeking new
ops with recurring incomes
Gamuda Bhd
(Oct 14, RM3.77)
Maintain underweight with an un-
changed fair value (FV) of RM2.84:
We maintained our “underweight”
call, forecasts and FV of RM2.84
based on Gamuda Bhd’s sum-of-
parts (SoP), valuing its construction
business at 10 times forward earn-
ings, in line with our benchmark
forward target price-earnings of
10 times for large-cap construc-
tion stocks.
During the Budget 2020 an-
nouncement last Friday, Finance
Minister Lim Guan Eng, in his
budget speech, said “the Cabinet
had approved the proposed offer
to acquire four Klang Valley high-
ways — the Shah Alam Expressway,
Damansara-Puchong Expressway,
Sprint Expressway and SMART Tun-
nel — to be funded via govern-
ment-guaranteed borrowings”.
Our forecasts had assumed the
sale of these Gamuda toll road
assets to the government to be
completed in January 2020, hence
Gamuda only recognises con-
tributions for six months from
the highways in financial year
2020 forecasts (FY20F), and none
from FY21F. Our SoP valuation for
Gamuda also reflected proceeds of
RM2.36 billion that the company
Better prospects expected for F&N’s
with upstream fresh milk venture
Fraser & Neave Holdings Bhd
(Oct 14, RM34.46)
Maintain market perform with
an unchanged target price of
RM36.60: Fraser & Neave Holdings
Bhd (F&N) had earlier entered into
a conditional agreement with MSM
Malaysia Holdings Bhd to acquire
the approximately 4,453.92ha La-
dang Chuping in Perlis for a cash
consideration of RM156 million.
Last Friday, F&N elaborated that
the land would be utilised for its
upstream insourcing of fresh milk
with an estimated financial com-
mitment of RM650 million, inclu-
sive of land purchase and clearance
costs for Phase 1.
For the first phase, 4,000 milk-
ing cows will be imported, yield-
ing a potential output of 40 mil-
lion litres of fresh milk a year
with subsequent phases to take
place upon stabilising the first.
The parcel can host up to 20,000
milking cows, yielding a poten-
tial output of 200 million litres of
fresh milk a year.
The land acquisition is anticipat-
ed to be completed in 2020, with
the upstream milk insourcing com-
mencement earmarked within 24
months after the land acquisition.
Hence, we view this poses a mini-
mal impact on the group’s sales and
T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
AME Elite’s
strength seen
in its niche
development
projects
AME Elite Consortium Bhd
(Oct 14, RM1.55)
Initiate coverage with buy
Gamuda Bhd construction stocks’ valuations, in- and a target price (TP) of
cluding Gamuda’s, have run ahead RM1.83: AME Elite Consor-
FYE JULY (RM MIL) 2019 2020F 2021F 2022F of their fundamentals amid the tium Bhd provides integrated
Revenue 4,565.1 4,185.4 4,401.4 4,049.4 euphoria sparked by the recent and comprehensive solutions
Core net profit 682.7 536.5 476.2 404.2 revival of the East Coast Rail Link encompassing the design and
(ECRL) and Bandar Malaysia pro- construction of customised
FD core EPS (sen) 27.7 21.0 18.9 16.3
jects, more so when Gamuda may large manufacturing plants,
FD core EPS growth (%) (18.5) (24.1) (10.2) (13.4) not even participate in the ECRL industrial park developments,
Consensus net profit - 656.1 627.9 573.0 project. and the sale and lease of in-
DPS (sen) 12.0 12.0 12.0 12.0 We believe with the still-elevated dustrial factory units. It has a
PER (x) 13.6 17.9 19.9 23.0 national debt, the government has proven track record of com-
EV/Ebitda (x) 15.1 12.3 13.3 14.4 no choice but be remain commit- pleting about 200 large manu-
Dividend yield (%) 3.2 3.2 3.2 3.2 ted to fiscal prudence, meaning the facturing and industrial build-
ECRL project’s revival could be a ings for various industries, as
ROE (%) 9.0 6.5 5.7 4.7
“zero-sum game” as it impedes the well as four industrial parks
Net gearing (%) 45.7 13.9 11.2 9.3 government’s ability to implement in Johor.
Source: AmInvestment Bank other public infrastructure projects. AME has a high remain-
We are sensing Gamuda’s high ing construction and engi-
is to receive from the disposal. to fill the vacuum, believing the “concentration risk” in the PTMP neering services order book
To recap, while we believe RM46 billion Penang Transport project as well. That is if the pro- of RM376.9 million, equiva-
Gamuda is getting a fair deal con- Master Plan (PTMP) is a good fit ject fails to get off the ground in a lent to 1.4 times financial year
cerning the disposal — with the as it could generate a recurring timely manner — in the second half 2019 revenue, to be complet-
discounted cash flow valuation at project delivery partner (PDP) fee of 2020 as guided — or Gamuda ed by the second quarter of
a discount of about 6% based on for more than a decade. given a reduced role in the project calendar year 2021 (2QCY21).
our estimates, we are mindful of Unfortunately, the PTMP project considering the PDP model is no For the property development
a change in Gamuda’s earnings was not mentioned in the Budget longer favoured by the federal gov- division, it has remaining in-
profile after the disposal. With re- 2020 speech, meaning slim chanc- ernment, as manifested in the PDP dustrial land with a gross de-
duced recurring toll road earnings es of it getting the federal govern- model’s cancellation in construct- velopment value (GDV) of
that make up about 35% to 40% of ment’s financial assistance, and ing the Light Rail Transit 3, MRT2 RM1.61 billion, mainly in two
Gamuda’s total earnings, the com- neither the Mass Rapid Transit 3 and Pan Borneo Highway. We are of its industrial parks in Jo-
pany’s earnings’ defensiveness will (MRT3) project that should have also mindful of the potential hefty hor — the i-Park@Indahpu-
be eroded, resulting in a higher risk sustained Gamuda’s construction initial “school fees” that Gamuda ra and i-Park@Senai Airport
premium. earnings after the MRT2’s comple- may have to pay to gain a foothold City (SAC). The RM150 mil-
Gamuda is searching for new tion in 2022. in the Australian construction mar- lion acquisition of a 77-acre
businesses with recurring incomes We maintained our view that ket. — AmInvestment Bank, Oct 14 (31.16ha) land for i-Park@
SAC’s Phase 3 expansion add-
ed another RM555 million to
the total GDV.
AME’s initial
public offering
price is attractive
compared with
earnings in the immediate term. Fraser & Neave Holdings Bhd
Additionally, as the group would
our construction
still be in a comfortable net cash FYE SEPT (RM MIL) 2018A 2019E 2020E sector’s weighted
position after the acquisition, we Turnover 4,109.9 4,351.1 4,657.6 average core PER
do not anticipate any meaningful Ebit
upticks to interest expenses. More-
422.3 554.4 569.5 of 13.8 times.
PBT 422.7 556.9 573.1
over, assuming a 10% depreciation
per year, the incremental depre- Net profit (NP) 385.1 434.4 447.1
ciation rate from the new parcel Core NP 396.9 434.4 447.1
would only marginally dampen Consensus (NP) - 430.2 447.7 We initiate our coverage
our financial year 2020 estimated Core EPS (sen) 108.3 118.5 122.0 of AME with a “buy” call and
earnings by 1% to 2%, which we Core EPS growth (%) -1.9 9.4 2.9 TP of RM1.83, based on a 30%
find immaterial. NDPS (sen) 57.5 66.0 70.0 discount to the revalued net
For the longer term, we are pos- asset valuation. Its CY20 es-
BVPS (RM) 6.3 6.8 7.4
itive about F&N’s upstream fresh timated core price-earnings
milk venture. This should ease the Core PER (x) 31.6 28.9 28.1 ratio (PER) of 9.5 times based
group’s dependency on milk im- Price/BV (x) 5.4 5.0 4.7 on AME’s initial public offer-
ports and partially shield it from Net gearing (x) (0.1) (0.1) (0.1) ing price is attractive com-
drastic fluctuations in dairy prices Net dividend yield (%) 1.7 1.9 2.0 pared with our construction
and foreign exchange. All in, this Source: Kenanga Research sector’s — excluding Gamuda
should give the group a firmer Bhd, IJM Corp Bhd and Ma-
grasp on its fresh milk manufactur- laysian Resources Corp Bhd
ing margins. It will better comple- — weighted average core PER
ment its existing downstream pro- of 13.8 times.
duction and distribution of fresh We like AME for its niche
milk, and the added capabilities F&N’s upstream gated and guarded industrial
would also boost its competitive fresh milk park development projects,
strength against peers. venture should being a total solutions provid-
Nonetheless, we reiterate our ease the group’s er for local and multinational
view that this new venture is a dependency on companies to build manu-
booster for F&N’s longer-term milk imports. facturing plants and logistic
prospects. As such, we have ruled warehouses, and its value en-
out any earnings-accretive devel- gineering expertise to reduce
opments over the next two years. construction costs. — Affin
— Kenanga Research, Oct 14 Hwang Capital, Oct 10
TUES DAY O CTOBE R 1 5 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
B R O K E R S’ C A L L 15

Long-term impact from possible India

palm oil curb seen less detrimental
Plantation sector Plantation sector peer comparison
Maintain underweight: The In- PRICE TP UPSIDE +/- PER (X) P/B (X) ROE (%) YIELD (%)
dian government is considering (RM) (RM) (%) RATING FY18 FY19 FY20 FY18 FY19 FY20 FY19 FY19
restricting imports of palm oil and Large mkt cap
other goods from Malaysia, in an FGV 1.020 0.97 -4.9 Hold -16.5 -41.8 527.2 0.8 0.8 0.9 -2.0 1.0
attempt to send a signal of its dis-
IOI Corp 4.220 3.84 -9.0 Hold 24.4 37.1 32.9 2.9 2.8 2.7 7.7 1.7
pleasure to Malaysian authorities.
India is Malaysia’s largest palm oil KLK 21.440 22.84 6.5 Hold 31.9 36.0 31.3 2.3 2.2 2.2 6.1 2.1
export destination, which account- Sime Darby Plantation 4.600 3.66 -20.4 Sell 26.0 435.8 77.4 2.3 2.4 2.5 0.6 1.1
ed for 28% of the latter’s palm oil Small-mid cap
exports in the first nine months CBIP 0.810 0.78 -3.7 Sell 6.4 13.7 13.0 0.5 0.5 0.5 3.9 4.9
of 2019 (9M19) (versus 16.5% in
IJM Plantations 1.500 1.21 -19.3 Sell 19.0 -105.1 67.2 0.8 0.9 0.9 -0.8 1.3
9M18). If it materialises, the news
is negative for Malaysian planters Hap Seng Plantations 1.460 1.48 1.4 Hold 23.3 65.9 40.8 0.6 0.6 0.6 0.9 1.4
in the near term, as it would take Genting Plantations 10.080 8.67 -14.0 Sell 57.0 55.1 44.1 2.0 2.0 1.9 1.9 1.2
time for Malaysian planters to find TSH Resources 0.900 0.79 -12.2 Sell 11.5 23.4 36.3 0.9 0.8 0.8 2.3 1.1
other replacement markets to fill Source: Hong Leong Investment Bank Research
the vacuum from India.
Over the longer term, we be-
lieve the impact will be less det- of RM2,100/tonne for 2019 and from countries such as Indonesia, At the time of writing, the Malay- of RM2,100/tonne for 2019 and
rimental, as it is unlikely for India RM2,200/tonne for 2020, as well as Argentina and Ukraine. sian government had yet to receive RM2,200/tonne for 2020.
to ignore Malaysian palm oil com- “underweight” stance on the sector. India is the world’s largest im- an “official confirmation” from In- We maintain our “underweight”
pletely, given its sheer demand for According to news reports, India porter of edible oils (of which palm dia of the above-mentioned news. stance on the sector, given its pricey
edible oil. We are maintaining our is planning to substitute Malaysian oil accounts for nearly two-thirds We maintain our projected valuations. — Hong Leong Invest-
average CPO price assumptions palm oil with supplies of edible oils of its total edible oil imports). average CPO price assumptions ment Bank Research, Oct 14

Small-capacity car models seen Very strong tanker freight rates

benefitting from Budget 2020
Automotive sector
Maintain neutral: The fuel subsidy
programme that was initially an-
nounced by the domestic trade and
consumer affairs ministry recently
was targeted for the BSH (Bantuan
Sara Hidup) recipient group — which
involves about 2.9 million vehicle
owners (comprising 1.1 million cars).
Under Budget 2020, the scheme is
expanded to include non-BSH recip-
ients, with similar vehicle criteria. All
luxury vehicles will not be qualified.
The subsidy for non-BSH recip-
ients is set at 30 sen/litre, up to a
maximum of 100 litres/month for
cars and 40 litres/month for motor-
cycles. Qualified vehicle owners will
be given a “Kad95” and the subsidy
received is based on actual usage at
the pump.
The fuel subsidy scheme is only
applicable if the RON95 Automatic
Pricing Mechanism is above RM2.08/
litre. No subsidy will be given if the
RON95 price falls below RM2.08/
litre. The government is allocating
RM2.2 billion for the fuel subsidy
programme.
As highlighted in our recent sector
report dated Oct 8, 2019, and further
underpinned by expansion of the
target group to include non-BSH ve-
hicle owners under Budget 2020, we
Automotive sector peer comparison
SHR PRICE
COMPANIES RATING
Bermaz Auto Buy
Tan Chong Neutral
UMW Neutral
MBM Buy
Sources: Company, MIDF Research
think demand could gradually gravi-
tate towards lower-capacity models.
For the car market, the lower-priced
(and below 1.6 litre engine capaci-
ty) segment of the market is largely
dominated by Perodua and Proton
along with a few key Japanese and
Korean models such as Mazda 2, Kia
Picanto/Rio, Nissan Almera, Honda
Jazz/City/BRV and Toyota Vios/Yaris/
Avanza/Rush/Sienta. Luxury mod-
els are not qualified for the subsidy
scheme, though this has yet to be
clearly defined (perhaps, to be based
on a certain price ceiling).
The scheme is expected to imme-
diately benefit a total of over eight
million vehicle owners (including
2.9 million under the BSH-recipient
group). Against a total private car
PE (X)
(RM) CY18 CY19F
2.19 11.7 9.9
1.48 8.0 11.8
5.04 17.2 16.2
3.99 9.3 7.7
could be seen for MISC
MISC Bhd
(Oct 14, RM8.40)
Maintain hold with a higher While new shipyard
target price (TP) of RM8.61: The
The lower-
tanker rate rally is being driven
orders are expected
priced (and to balloon quickly,
by expected factors such as the
below 1.6
litre engines
refinery ramp-up in utilisation most new buildings
for winter demand and the pro-
capacity)
duction of International Mar-
will not be delivered
segment is until 2022.
itime Organisation 2020-com-
dominated
pliant fuels, tankers removed
by Perodua,
from service for scrubber in-
Proton, some
stallation, rising long-haul US
Japanese and
crude oil exports and the thin
Korean models.
tanker order book.
However, very large crude car- But rates may remain elevat-
rier (VLCC) rates would not have ed throughout 2020-2021, as the
population of 12.8 million and a total exceeded US$300,000/day last avoidance of Cosco Dalian and
private car-plus-private motorcycle Friday (average of US$21,000/ Venezuelan-calling vessels has
population of 25.5 million in Penin- day during the first nine months removed about 14% of the global
sular Malaysia (based on statistics as of 2019) if not for a confluence VLCC fleet and 20% of the glob-
of the end of the first quarter of 2019), of unexpected events, including al Suezmax fleet from commer-
this suggests a relatively large pool of the drone attacks on Saudi Ara- cial trading. While new shipyard
potential consumers that may switch bia on Sept 14, the US sanctions orders are expected to balloon
to lower-capacity models. on Cosco Dalian’s ships from quickly, most new buildings will
The national cars (Perodua and Sept 25, the avoidance of ships not be delivered until 2022. As
Proton) are potentially key bene- that had called on Venezuela such, average tanker rates in
ficiaries, other than key Japanese in the past 12 months by major 2020 may exceed the averages
marques Toyota (UMW — “neu- charterers from early October, achieved in the last tanker up-
tral”; target price [TP]: RM5.35), Nis- and the missile attack on one turn in 2015. But tanker rates are
san (Tan Chong — “neutral”; TP: Iranian VLCC on Oct 11. also subject to the decisions of
RM1.50) and Mazda (Bermaz Auto VLCC time charter equiva- one man — the US president —
— “buy”; TP: RM2.85). MBM (“buy”; lent rates have spiked 12 times who can with a swing of his hand
TP: RM4.55), via its 22.6% stake, is from a month ago, Suezmax rates remove sanctions on Venezuela,
a key proxy to Perodua, which ac- have risen 10-fold, while Afra- Iran and Cosco Dalian, causing
counts for more than 60% of group max rates have tripled. tanker rates to plummet.
earnings. — MIDF Research, Oct 14 We expect extremely strong Our new TP implies a forecast
tanker freight rates to last for the calendar year 2020 price-to-book
next six months due to season- value multiple of 1.03 times. While
al winter demand, the ongoing this is lower than the peak of 1.4
P/BV ROE DIV YIELD TARGET TOTAL rush to retrofit scrubbers and times achieved in the last tanker
(X) (%) (%) PRICE (RM) UPSIDE (%) the shock of recent geopolitical market upcycle of 2015, we argue
4.82 40.8 8.1 2.85 38.3 events. Tanker rates may soften that our TP is reasonable in light
0.34 2.9 2.7 1.50 4.1 after the first quarter of 2020 as of the derating of MISC Bhd’s re-
the winter impact subsides, and turn on equity as a result of the
1.64 10.5 1.5 5.35 7.7
as the Cosco group attempts to expiry of lucrative, legacy LNG
0.87 10.6 5.8 4.55 19.8 convince charterers to employ shipping contracts since 2015.
non-Cosco Dalian vessels. — CGS-CIMB Research, Oct 14
16 C O M M E N T
Europe does not need
another currency crisis
Leaders should not wait for the next disaster before addressing the euro’s flaws
BY T H E ED I TORS
A
fter eight difficult
years doing whatev-
er it took to support
Europe’s economies,
Mario Draghi is about
to step down as the
president of the European Cen-
tral Bank (ECB). In taking up this
challenge, his successor, Christine
Lagarde (pic), faces the same under-
lying problem: The currency union
at the centre of the European project
is unfinished work.
From the beginning, the euro has
been incomplete by design. Its cre-
ators knew that to share a currency,
countries must also share risks —
as, for example, states in the US do
through federal institutions such as
a common budget, social safety net
and financial backstops. Otherwise,
the centrifugal forces of divergent
economies would threaten to tear the
union apart. These essential mecha-
nisms were left out, because member
nations were not ready for the loss of
sovereignty they would entail.
Visionaries such as Jean Mon-
net and Tommaso Padoa-Schioppa
thought that the resulting crises would
push Europe in the right political di-
rection. To some extent, this has hap-
pened. The sovereign debt debacle
that began earlier this decade — and
that brought Greece to the brink of
abandoning the common curren-
cy — compelled Europe’s leaders to
take steps towards deeper integra-
Does public banking work?
BY K AT HA RI N A PI STOR
THREE decades after the fall of the
Berlin Wall, the US is finally embrac-
ing public banking. In the summer
of 1989, political theorist Francis
Fukuyama famously suggested that
American-style free-market capital-
ism would become the default mode
for organising economies around
the world. But now policymakers
in that model’s very heartland are
looking for alternatives.
Unlike many other countries
around the world, the US has never
had a sizable public banking sector.
But as of this month, public banks
are legal in California, making it the
second (after North Dakota) and
largest state to have embraced the
idea. California lawmakers recently
enacted legislation that officially au-
thorises “public ownership of public
banks for the purpose of achieving
cost savings, strengthening local
economies, supporting community
economic development, and ad-
tion. They established elements of a
banking union, for example, including
centralised entities with the power to
supervise, take over and shore up the
region’s financial institutions.
What remains to be done, though,
dwarfs the progress that has been
made so far. Efforts to create a eu-
ro-area budget to mitigate recessions
— as federal transfers do for states in
the US — have gone nowhere. And the
banking union has stopped short of
real risk-sharing: It won’t spend joint
public funds on recapitalisations, and
its “third pillar” — a mutual depos-
it-insurance system — is still only a
proposal. As a result, measured by
cross-border lending, financial inte-
gration in Europe has stalled.
The flaws in the euro’s structure
have taken a heavy human, econom-
ic and political toll. Greece endured
a depression and untold suffering
that, in a proper risk-sharing union,
would have been largely unnecessary.
Draghi’s extraordinary efforts to hold
the currency together — necessary
as they were — depleted the ECB’s
resources, leaving it ill-prepared to
fight the next recession.
The UK’s bid to exit the Europe-
an Union should be seen as a warn-
ing: If the next country to leave is a
member of the euro area, the whole
enterprise could fall apart. The strat-
egy of forging closer union through
successive crises has reached its lim-
its, achieving too little at far too great
a cost, and undermining rather than
building support.
dressing infrastructure and housing
needs for localities”.
Judging by the text of the law,
California’s public banks will be
more limited in scope than public
banking sectors elsewhere. They
will be local, not-for-profit entities
with a designated public purpose.
Some may operate as commercial
banks, accepting deposits and mak-
ing loans; and others may serve as
industrial banks with a focus on
infrastructure investments.
In any case, California’s public
banks will establish a funding base
through deposits or loans from local
governments. As public institutions,
they will be exempt from taxes and
certain disclosure requirements.
But in all other respects, they will
be treated like ordinary banks. They
must obtain a banking licence and
deposit insurance, and they will be
required to appoint management
with the requisite knowledge and
expertise to run a bank.
Will it work? The global and histor-
ical experience with public banking
suggests that, just as in the private
sector, some public banks will achieve
BLOOMBERG
This leaves Europe’s leaders with
just one safe course: Find the will
to act in relatively benign times, so
that the next crisis will not happen
in the first place, or will not be quite
so painful if it does.
Now would be a good moment.
Lagarde, who takes over from Draghi
next month, knows from bitter ex-
perience what needs fixing in the
euro area. In a way, Brexit helps too
— both by highlighting the costs of
disunity and by sidelining a reflexive
opponent of European integration.
Slow economic growth underscores
the need for coordinated fiscal pol-
icy. And the abrupt change in US
trade policy from promoting global
commerce to throttling it challenges ○ Share more fiscal risks. Create
Europe’s nations to stand together
most of their goals while others will
underperform or even fail. Public
ownership does not lead to bad out-
comes; nor has privatisation prov-
en to be the panacea that its boost-
ers promised. Checks and balances
are needed to keep management on
track, and the managers themselves
must have the right skill set.
But whether public banks will
work is not really the right question
to ask. More important is whether
they will stay on mission. As Kent
State’s Mark K Cassell shows, “mis-
sion shift” within public banks has
been common historically, and a
failure to prevent it, or to adapt the
governance regime accordingly, can
create disruptions that result in crises.
America’s own history of public
banking offers evidence of this ten-
dency. Consider the fate of Fannie
Mae. In 1968, Congress amended
Fannie’s charter and privatised it.
Thenceforth, it had a public mission
(ensuring affordable home owner-
ship), but was owned by profit-seek-
ing shareholders and indirectly sub-
sidised by an implicit government
guarantee that lowered its cost of debt
T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
and defend their interests.
Naturally, obstacles abound —
particularly in Germany, where poli-
ticians see any moves towards greater
risk-sharing as anathema. That said,
the incoming president of the Eu-
ropean Commission, long-serving
German cabinet member Ursula von
der Leyen, is better-placed than her
predecessors to navigate her coun-
try’s politics.
Pretty much everybody recognis-
es what needs to be done. Here are
the main elements, borrowed from a
recent proposal by a group of French
and German economists:
○ Complete the banking union. In-
stitute mutual deposit insurance
and jointly pledge ample public
funds to recapitalise banks when
necessary, so that people will per-
ceive a euro deposited in Germany
as equivalent to a euro deposit-
ed in, say, Greece or Italy. To en-
sure that such backstops are not
abused, require banks to operate
with ample loss-absorbing capital
and limit their investments in the
bonds of their own governments.
Grant more power and independ-
ence to the entities responsible for
the financial system — such as
the Single Resolution Board — so
Europe’s leaders will not have to
convene an emergency summit
every time a bank gets into trouble.
a euro-area stabilisation fund,
finance. This did not end well. Fannie
Mae — together with its younger sib-
ling, Freddie Mac (the Federal Home
Loan Mortgage Corp) — had to be
put on life support in 2008.
Similarly, many of Germany’s
Landesbanken, which date back two
centuries, required government bail-
outs in the 2008 crisis. Each bank’s
operations were confined to the
boundaries of its state (or Land).
After World War II, they were recon-
stituted as regional banks and tasked
with assisting post-war reconstruc-
tion and development efforts.
As with Fannie Mae, the Landes-
banken embarked on a mission shift
which left them with a completely
inadequate governance structure.
The problems stemmed not so much
from a legal change as from manage-
rial ambition. Some Landesbanken
began to internationalise in the 1980s
and invest in fancy financial prod-
ucts, and the others soon followed
suit. Regulation remained as lax as
before, and politicians continued
to populate Landesbanken boards.
In the end, this left them even more
vulnerable to the crisis, and helped
which would gather contribu-
tions in boom times and provide
emergency funds to members
experiencing severe recessions.
To enforce prudent policies, set
up an independent council to
establish spending caps, beyond
which governments would have
to finance expenditures with risk-
ier junior bonds, creating market
pressure to keep their finances
in line. Finally, institute a sover-
eign bankruptcy mechanism that
imposes losses automatically, to
prevent public euro-area funds
from being used to bail out pri-
vate creditors (as happened in
Greece).
○ Break down barriers to the free
flow of capital across Europe.
Empower the European Secu-
rities and Markets Authority to
harmonise financial, bankrupt-
cy, accounting and other relevant
rules, with the goal of encouraging
people to invest — and hence di-
versify risk — across borders.
No doubt, this is a tall order, es-
pecially for a Europe whose people
and leaders are suffering from crisis
fatigue. Regardless, they need to
rouse themselves. In the next crisis,
Lagarde will not be able to do what
is required on her own. Better that
governments overcome this inertia
now than during a new emergency
that might just test the European
project to destruction. — Bloomberg
increase the price tag for their bail-
outs relative to private banks.
The main lessons, then, are that
public purpose does not mesh well
with profit maximisation, and a one-
time commitment to public owner-
ship and/or a public purpose is not
enough. The banks must be gov-
erned well to stay on mission, and
the governance regime itself must be
monitored to ensure that it remains
both effective and complementary
to that mission.
At the end of the day, mission
drift may be unavoidable. But de-
tecting it and instituting the nec-
essary governance reforms is well
within governments’ power. It
would be a tragic mistake to as-
sume that passing a public banking
law amounts to “mission accom-
plished”. The mission has only just
begun. — Project Syndicate
Katharina Pistor is professor of
comparative law at Columbia Law
School and the author of The Code
of Capital: How the Law Creates
Wealth and Inequality.
TUES DAY O CTOBE R 1 5 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Australia calls
for new loan
pricing probe
BY SO N A L I PAU L
& PAU L I N A DU RA N
MELBOURNE: The Australian
government has ordered the
competition watchdog, Aus-
tralian Competition and Con-
sumer Commission (ACCC), to
investigate why banks failed to
fully pass on three official in-
terest rate cuts this year, less
than a year after a public in-
quiry exposed the industry for
cheating customers.
The ACCC has been asked
to investigate prices charged
for residential mortgages by
all lenders and how they
make pricing decisions, in-
cluding passing on changes
in the official cash rate by the
central bank.
The inquiry will also look at
differences in prices paid by
new and existing customers
and barriers that may deter cus-
tomers from switching lenders.
Australia’s Big Four lenders
— Australia and New Zealand
Banking Group, Westpac Bank-
ing Corp, National Australia
Bank and Commonwealth
Bank of Australia — domi-
nate about 80% of the country’s
A$1.7 trillion (RM4.81 trillion)
residential mortgage market.
They remain some of the most
profitable banks in the world.
The ACCC is due to deliver
its preliminary report by March
30 and a final report by Sept 30,
2020. — Reuters
Santos eyes Asian
LNG growth with
Conoco deal
BY JAMES THORNHILL
SYDNEY: Santos Ltd has agreed
to buy ConocoPhillips’ north-
ern Australia business for
US$1.4 billion (RM5.85 billion)
in a deal that will boost the oil
and gas (O&G) producer’s posi-
tion in the growing Asian lique-
fied natural gas (LNG) market.
The transaction may allow it
to become the country’s largest
independent energy producer
and capitalise on a push by
Asian consumers to switch to
cleaner burning natural gas
away from coal.
Conoco is selling its interests
in the Darwin LNG process-
ing plant and the Bayu-Un-
dan, Barossa and Poseidon
gas fields.
In a statement, its chief ex-
ecutive officer, Kevin Gallagher,
said Santos has been expand-
ing its position in the Austral-
ian O&G market, having ac-
quired Quadrant Energy for
about US$2.15 billion in 2018.
Conoco is also operator of
the Australia Pacific LNG ex-
port facility in Queensland,
which is not part of the San-
tos deal. — Bloomberg
Singapore eases monetary
policy for first time in three years
The city state’s bellwether economy narrowly dodges recession in 3Q
BY JOHN GEDDIE & JOE BRO C K
SINGAPORE: Singapore’s central
bank, the Monetary Authority of
Singapore (MAS), eased monetary
policy for the first time in three
years yesterday, as widely expected,
as the city state’s bellwether econ-
omy narrowly dodged recession.
Like other trade-reliant Asian
economies, Singapore’s economy
has been hit hard by the escalating
US-China trade war and a broad-
er global slowdown, pushing its
manufacturing sector into con-
traction and weighing on business
confidence.
Singapore Exchange weighs
smaller deals as mergers implode
BY JOANNA OSSINGER
& ISHIKA M OOKER JEE
SINGAPORE: As global bourses
come to terms with the failure of
the latest mega-merger, Singapore
Exchange Ltd (SGX) is sticking to
its incremental approach.
SGX, which tried to buy ASX Ltd
in a deal rejected by the Australian
government in 2011, still wants to
strike deals, though another block-
buster expedition is unlikely. In-
stead, it is eyeing potential acqui-
sitions in financial technology as
well as of firms that complement
existing capabilities, according to its
recently appointed equities head.
“It is very difficult to persuade
another exchange that you want to
buy them. That is very hard to do in
very regulated marketplaces,” Mi-
chael Syn (pic), who oversees both
the stock and futures markets, said
in a recent interview.
The central bank manages mon-
etary policy through exchange rate
settings, rather than through in-
terest rates as other central banks
do, letting the Singapore dollar rise
or fall against the currencies of its
main trading partners within an
undisclosed policy band.
MAS said it would “reduce
slightly” the slope of the Singa-
pore dollar’s policy band, using
wording that suggested a shallower
easing than some had expected.
The width and level at which the
band was centred was unchanged.
Eleven economists polled by
Reuters had all expected Singapore
The softly-softly strategy may
make it hard for SGX to catch up
with other Asia-Pacific players,
especially Hong Kong Exchanges
& Clearing Ltd (HKEX), which has
a market capitalisation about six
times larger than its Singapore rival.
However, HKEX has lost a
chance to jump even further ahead
with its decision last week to aban-
don a £29.6 billion (RM154.24 bil-
lion) takeover bid for London
Stock Exchange Group plc.
As well as scouting
for suitable acquisi-
tions, Syn said, SGX is
working on a number
of projects that play to
its strengths as a stable,
higher-yielding
market at a time
of weakening
global econom-
ic growth.
Syn said he
PHOTO BY BLOOMBERG
W O R L D B U S I N E S S 17
to ease — its first such move since
April 2016.
Singapore’s economy grew less
than expected in the third quar-
ter (3Q) but avoided slipping into
a technical recession, flash data
showed yesterday.
MAS increased the slope of the
policy band twice last year in efforts
to control rising price pressures and
strengthen its currency, in its first
such tightening moves in six years.
But a prolonged tariff dispute
between the US and China — two
of Singapore’s biggest export mar-
kets — has disrupted global sup-
ply chains in many trade-reliant
views delistings and the lack of
big initial public offerings (IPOs)
here as part of the natural market
cycle, though both these factors
have been seen as constraining
the growth of the equity market.
Just this month, Southeast Asia’s
biggest property portal Property-
Guru Pte kick-started plans to list
on the Australian stock exchange,
more than 10 years after being
founded in Singapore.
An IPO “is not a hunting ex-
ercise,” said Syn.
Most of the process is
driven by the issuer and the
bankers, so the job of the
exchange “is to make sure
that your platform is ready,
that you have the
right to play and
the right to win
when someone
comes along.” —
Bloomberg
economies, including the city state.
Manufacturing has been hit par-
ticularly hard, buffeted by the trade
tensions and a cyclical downturn
in the electronics sector.
The Singapore government is ex-
pected to roll out a generous budget
next year as polls loom and the rul-
ing party seeks to appease voters
who are feeling the pinch from the
economic downturn.
MAS expects full-year growth to
come in around the mid-point of
its 0-1% forecast range, and to “im-
prove modestly” in 2020. However,
economists see room for further
easing next year. — Reuters
Bamboo
Airways expects
US$1b market
cap at listing
BY N G UY E N K IE U G IA N G
HANOI: Vietnam’s Bamboo
Airways expects a market cap-
italisation of as much as US$1
billion (RM4.18 billion) at its
planned listing in the first quar-
ter next year.
The start-up carrier plans
to list about 400 million shares
on either the Ho Chi Minh City
Stock Exchange or Hanoi Stock
Exchange as early as January,
deputy chief executive officer
Nguyen Khac Hai said in a
phone interview here.
Bamboo Airways expects to
set the initial price for its trad-
ing debut in the range of 50,000
dong (RM9.02) to 60,000 dong
per share, he added.
“We expect the stock market
to do well from now until next
year,” he said.
In Vietnam, companies of-
ten sell shares months before a
listing in an exchange. Bamboo,
however, plans to list shortly
after the share sale.
Bamboo Airways chair-
man Trinh Van Quyet said
last month that the company
expects to raise about US$100
million from the initial public
offering.
The carrier’s registered cap-
ital will increase to about four
trillion dong from 2.2 trillion
dong after the share sale, ac-
cording to Hai.
The airline, which joined
Vietnam’s crowded skies last
January, seeks to tap into the
nation’s growing middle class.
The country’s airports han-
dled 106 million passengers in
2018, up about 13% from the
previous year, according to the
Civil Aviation Authority of Vi-
etnam. — Bloomberg
18 W O R L D B U S I N E S S
China September exports,
imports contract deeper
Pressure from US tariffs takes its toll as figures suggest global demand softened
BY YAW E N C H EN
& G AB R I EL C ROSSL EY
BEIJING: A slide in China’s exports
picked up pace in September while
imports contracted for a fifth straight
month, pointing to further weakness
in the economy and underlining
the need for more stimulus as the
Sino-US trade war drags on.
Analysts say it could take time
for Chinese exports to recover amid
slowing global growth despite ten-
tative signs of a thaw in tense trade
relations between the world’s top
two economies.
Last Friday, US President Don-
ald Trump outlined the first phase
of a deal to end the trade war with
China and suspended a threatened
tariff hike set for today. But existing
tariffs remain in place and officials
on both sides said much more work
needs to be done.
September exports fell 3.2% from
a year earlier, the biggest fall since
February, customs data showed
yesterday. Analysts had expected
a 3% decline in a Reuters poll after
August’s 1% drop.
“The headline figures suggest
that global demand softened last
month, adding to the pressure from
the US tariffs that went into effect in
September,” said analysts at Capital
Economics.
Economists also attributed the ex-
port slowdown to a fading “front-load-
ing” effect. Some Chinese firms had
UK employers slam
US$249b cost of labour
renationalisation plans
BY DAVI D MI L L I KEN
LONDON: A British employ-
ers’ group criticised yesterday
what it said would be the “be-
yond eye-watering” cost of the
opposition Labour Party’s plans
to return utilities, train compa-
nies and the Royal Mail to public
ownership.
The Labour Party has moved
sharply to the left under its leader
Jeremy Corbyn, and although it
lags the ruling Conservatives in
opinion polls, Brexit turmoil and
the likelihood of an early election
could see it take power.
The Confederation of British
Industry (CBI) said Labour’s plans
would have an upfront cost of £196
billion (US$249 billion or RM1.04
trillion), assuming Labour paid
the full market value of compa-
nies involved — similar to a £176
billion estimate made last year by
the pro-privatisation Centre for
An employee transporting
tyres outside a warehouse
of a factory in Xingtai, Hebei
province, China for export.
Analysts say it could take
time for Chinese exports to
recover amid slowing global
growth. Photo by Reuters
rushed to ship goods to the US ahead
of the September deadline, support-
ing overall July and August export
readings.
“We expect shrinking exports
will likely be one of the biggest
drags on China’s economic growth
in the coming months, as the tar-
iff impact will be further in place,
along with the payback effects,” said
Ting Lu, chief China economist at
Nomura Holdings.
Policy Studies think tank.
“The price tag of Labour’s re-
nationalisation plans is beyond
eye-watering,” CBI chief econo-
mist Rain Newton-Smith said.
“Firms want politicians to in-
vest in major infrastructure pro-
jects rather than undermine con-
fidence in our economy and waste
time, energy and public money in
a renationalisation project with no
clear benefits,” she added.
Labour described the CBI’s
estimate as “incoherent scare-
mongering” and said it overval-
ued the assets of utilities owned
by privately held companies by
applying a 30% premium to their
book value.
“It is disappointing that the
CBI seems incapable of having
a grown-up conversation about
public ownership — which is
hugely popular and common
across Europe,” a party spokes-
person said. — Reuters
Total September imports fell
8.5% after August’s 5.6% decline,
the lowest since May, and were
expected to fall 5.2%.
Some sectors held a silver lining.
China’s industrial metal imports, in-
cluding iron ore and copper, surged
in September, fuelled by firm de-
mand at steel mills.
But analysts at Australia and
New Zealand Banking Group Ltd
noted volumes were buoyed by
British firms to cut costs and hiring
in next 12 months — survey
BY K ATE HO LTO N
LONDON: Prolonged political un-
certainty in Britain is forcing finance
directors to cut costs and hold off
hiring to help companies prepare
for an unpredictable year ahead,
according to a survey by Deloitte.
The audit of 91 chief financial
officers (CFOs) of some of Britain’s
largest companies showed that a
renewed focus on cost control will
be a strong priority for six in 10 of
respondents over the next year, the
highest level in 10 years.
According to seven in 10 of the
CFOs, hiring will reduce in the next
12 months, while almost half will
focus on trying to increase their
cash flow.
“Perceptions of uncertainty are
elevated and corporate risk appetite
is vanishingly low,” said Ian Stew-
art, chief economist at Deloitte.
“The priority appears to be curbing
costs, not expansion.”
Britain’s economy has been
buffeted by Brexit. Output shrank
in the second quarter when busi-
nesses found themselves holding
unnecessary stock that had built
T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
recovery from recent disruptions
in Australia and Brazil, and may
also have been lifted by restocking
ahead of China’s 70th anniversary
celebrations, suggesting that overall
demand remained weak.
Nomura’s Lu pointed to sub-
dued imports in the raw material
processing sector and softening
global commodity prices possibly
playing a role in depressing overall
imports. — Reuters
up before the original leaving date.
The Deloitte report said the
resulting uncertainty is now en-
trenched while domestic economic
factors such as weak productivity
and competitiveness are growing
concerns.
With weak demand in Britain
becoming the second-biggest risk
facing companies, expectations of
an interest rate cut are also growing.
“With Brexit cited as the big-
gest risk businesses face, the last
quarter also saw heightened con-
cern over slowing growth in the
UK and eurozone, and CFOs are
tightening their purse strings in
response,” Stewart said. The fate
of Britain’s departure from the Eu-
ropean Union will become clearer
in the next three weeks, ahead of
the new Brexit deadline on Oct 31.
British Prime Minister Boris
Johnson has promised to deliver
Brexit by that date, meaning the
world’s fifth-largest economy will
either leave with a transition deal,
ask for a further delay, or leave with-
out a deal, a move that will likely
spark huge economic disruption.
— Reuters
IN BRIEF
Emirates president says
he does not expect to take
any Boeing 777s in 2020
DUBAI: Emirates doubts it will
receive any of the 115 Boeing
777-9s it has ordered next year,
its president said yesterday, as
the US plane-maker grapples
with challenges in building the
jet. Emirates, a launch customer
of the world’s biggest twin-en-
gine jet, was to receive its first
777-9 in 2020 but the manufac-
turer has suspended load-test-
ing of the plane. “By the end of
next year, we were to have eight
of them. Now, it doesn’t look
like we will have any,” Tim Clark
said in Dubai. Boeing suspend-
ed load-testing of the plane in
September when media reports
said a cargo door had failed a
ground stress test. — Reuters
Emirates warns US-EU
jet tariff war will
drive up travel costs
DUBAI: A face-off between the
US and European Union (EU)
over jetliner tariffs will make
travel costlier for passengers,
the world’s biggest long-haul
airline has warned. A tit-for-
tat imposition of import duties
on Boeing Co and Airbus SE
planes would ultimately in-
crease the cost of planes and
hence ticket prices, Emirates
president Tim Clark said yes-
terday in Dubai, where the car-
rier is based. The US has said
it will introduce a 10% levy on
European jetliners following a
World Trade Organization rul-
ing that Airbus benefitted from
illegal state aid. — Bloomberg
Total makes US$600m
bet on India gas
with Adani stake
NEW DELHI/SINGAPORE:
French energy giant Total SA
is spending US$600 million
(RM2.51 billion) to expand its
presence in one of the world’s
fastest-growing natural gas mar-
kets. Total agreed to purchase
a 37.4% stake in India’s Adani
Gas Ltd, a distributor of the fuel
that is developing import ter-
minals and a national chain of
vehicle-filling outlets. The deal
gives the world’s second-largest
liquefied natural gas (LNG) play-
er a footprint in a market where
annual LNG demand will hit 28
million tonnes by 2023, making
it the fourth-biggest importer of
the fuel. — Bloomberg
200% stock surge makes
Li Ning world’s hottest
sportswear firm
HONG KONG: The hottest
sportswear brand in the world
right now — at least in the stock
market — is a Chinese firm
founded by former Olympic gym-
nast Li Ning. The eponymous
company has more than tripled
in Hong Kong trading this year,
making it the top performer on
the MSCI Asia-Pacific Index and
the best gainer among apparel
firms globally. The company is
benefitting from growing popu-
larity of sports fashion in China,
said Morgan Stanley, raising its
rating on the stock to overweight
last week. — Bloomberg
20 W O R L D B U S I N E S S
Lamborghini review marks
step in VW’s march to US$220b
Diess is working on a plan to transform the world’s top carmaker
BY C H R I S TOPH RAU WA L D
FRANKFURT: Volkswagen AG’s
(VW) plan to review options for
its Lamborghini supercar division
marks a further step in chief exec-
utive officer (CEO) Herbert Diess’s
campaign to transform the world’s
biggest automaker and more than
double its market value.
The German manufacturer is
weighing a potential sale or stock
listing for the Italian brand, ac-
cording to people familiar with
the matter, as Diess channels re-
sources to the main VW, Porsche
and Audi units. No decision has
been made and an earlier plan to
move Lamborghini from under the
Audi umbrella to Porsche remains
an option, they said.
Structural change is always a
challenge at VW because of the
multiple power bases that play
a role in major decisions. Diess
has been sounding out support
for ideas to reshape VW as part
of a broad strategy review ahead
of an expected industry shake-
out. His goal is to reach a mar-
ket value of €200 billion (US$220
billion/RM923.47 billion), the
people said.
The company has started prepa-
rations to fold Lamborghini into a
separate legal entity and the pro-
cess might conclude towards the
end of next year, the people said,
asking not to be identified because
Sophos accepts US$3.8b
Thoma Bravo bid
BY G I L ES TU RN ER
LONDON: Private equity firm
Thoma Bravo agreed to buy
Sophos Group plc for US$3.8 bil-
lion (RM15.88 billion), potentially
adding another UK tech firm to a
list of those bought by overseas
investors.
Thoma Bravo offered US$7.40
in cash for each share of the cy-
bersecurity firm, or 583 pence
(RM30.69) per share, a premium
of 37.1% to the closing price at
the end of trading last Friday, ac-
cording to a statement yesterday.
The offer values Sophos at
US$3.8 billion, making it one of
the largest take-private UK tech
deals in recent years. The Sophos
directors intend to recommend in
favour of the deal. Shares in the
company rose as much as 38%
in early trading in London, the
most on record. Earlier this year,
Sophos blamed a challenging 2018
comparable for its “continued
subdued” performance, causing
the Abingdon, England-based
The ‘Sian’ is Lamborghini’s first hybrid.
The German manufacturer is weighing
a potential sale or stock listing for
the Italian brand, according to people
familiar with the matter, as Diess
channels resources to the main VW,
Porsche and Audi units. Photo by
Bloomberg
the deliberations are confidential.
Restructuring the super-lux-
ury brand would fit with Diess’s
goal to channel resources more
efficiently and avoid duplicated
efforts. VW signalled on Sunday
that any decision is likely a ways
off, saying it has no plans for a
Lamborghini sale or initial pub-
lic offering.
Diess, 60, has been pushing an
overhaul of VW since he became
CEO 18 months ago — investing
billions in electrification, selling
a stake in truck maker Traton SE,
and putting industrial-transmis-
sion and diesel-engine units up
for sale. He has also forged an alli-
ance with Ford Motor Co to share
the costs of developing commer-
cial vans, e-cars and autonomous
driving.
“We shouldn’t spread ourselves
too thin,” Diess said in an inter-
view published over the weekend
in Germany’s Sueddeutsche Zei-
tung newspaper. “That might be
hard in some cases, but it’s the
only viable way.” — Bloomberg
company’s stock to plunge as
much as 27%, the lowest in al-
most two years.
Sophos provides information
technology security to a range of
clients as small as dentists and
neighbourhood stores. Its prod-
ucts are aimed at medium-mar-
ket businesses with as many as
5,000 employees, but also include
very small companies that need
to protect against cyberattacks.
The deal, if successful, would
mark another UK tech firm
snapped up by a foreign buyer.
Both ARM Group and Imagina-
tion Technologies — once flag-
ship UK-listed companies — have
been bought by foreign investors.
A weak UK pound has also
fed into foreign buyers targeting
local companies. Mergers and
acquisition for publicly trad-
ed UK companies have jumped
more than sixfold to US$32.2 bil-
lion since the start of June, as of
late August, according to data
compiled by Bloomb erg. —
Bloomberg
India court halts US$2.8b Bhushan
Power sale to JSW Steel
BY U PM ANY U TRI V E DI
& S WANSY AFO NS O
NEW DELHI/MUMBAI: An Indi-
an court temporarily halted JSW
Steel Ltd’s US$2.8 billion (RM11.7
billion) purchase of insolvent Bhu-
shan Power & Steel Ltd, a move
that hurts the South Asian nation’s
effort to clean up the world’s worst
bad-debt pile.
The National Company Law
Appellate Tribunal (NCLAT) or-
dered a freeze on payment by the
Sajjan Jindal-led mill and took
objection to the Enforcement Di-
rectorate, the federal anti-money
laundering agency, taking over the
assets of the bankrupt steel mill.
The agency is investigating alle-
gations of money laundering by
former owners of Bhushan Power.
“No one will come to invest,”
Justice SJ Mukhopadhaya, who
headed the bench, said in court
while hearing the plea by JSW Steel
seeking immunity from future li-
abilities on the Bhushan Power
deal. The bankruptcy law will be
“redundant”, the judge warned.
Time-bound resolutions under
bankruptcy law are key to Prime
T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
Minister Narendra Modi’s effort to
kick-start Asia’s third-largest econo-
my that is expanding at the slowest
pace in six years. Until March 31,
under the new law, lenders have
recovered the equivalent of about
US$11 billion, or about 43%, of the
US$25 billion in dues admitted by
courts, according to a Crisil report.
The NCLAT also asked the in-
vestigating agency to release the
40.25 billion rupees (US$567 mil-
lion/RM2.37 billion) of Bhushan
Power’s assets that it seized last
weekend and also barred it from
attaching any more of the stressed
mill’s facilities until the hearing in
the case is concluded. The next date
of hearing is on Oct 25.
The investigating agency had
taken over the land, building and
other assets of Bhushan Power in
Odisha state under the Preven-
tion of Money Laundering Act.
JSW Steel had appealed to the
company court seeking immunity
against future litigation after Bhu-
shan Power was named in alleged
accounting frauds totalling about
56 billion rupees by state-run Alla-
habad Bank and Punjab National
Bank. — Bloomberg
‘KKR, Deutsche
Bank, Varde
discount
Latitude IPO’
BY PAUL IN A D UR A N
SYDNEY: US private equity firm
KKR & Co and its partners have
lowered the initial public offer-
ing (IPO) price of their Austral-
ian non-bank lender, Latitude
Financial, by up to 20.9% ahead
of its expected listing on Friday,
two sources told Reuters.
The owners will seek to raise
about A$1 billion (RM2.83 bil-
lion) in exchange for about 33%
of the company, down from
the previously planned 35%,
the sources with direct knowl-
edge of the situation said, in the
largest IPO in Australia since
July 2018, according to Refin-
itiv data.
The new price is about
A$1.78 per share, giving the
company a market valuation
of about A$3.1 billion, between
11% and 20.9% lower than the
previous pricing range, the
sources said. The sources asked
not to be identified because
they were not allowed to talk
to the media.
It is the second attempt to
list Latitude by KKR, Deutsche
Bank and Varde Partners. —
Reuters
Netmarble
branches out
with proposed
Coway deal
BY J IN H Y UN -J O O
& PA R K J U- MIN
SEOUL: South Korea’s Net-
marble was named the pre-
ferred bidder yesterday for a
stake in water purifier rental
firm Woongjin Coway valued at
US$1.3 billion (RM5.43 billion),
as the gaming company seeks
to diversify its revenue streams.
Netmarble said the pur-
chase of a 25% stake in Woong-
jin Coway would help generate
a stable cash flow amid a dearth
of attractive gaming firm targets
with stable profits and devel-
oping capabilities.
The proposed deal would
be Netmarble’s first major deal
this year since an attempt to
buy cross-town gaming rival
Nexon faltered in July.
It is also the latest move by
Netmarble, the world’s No 5
mobile gaming firm by revenue,
to find new growth outside its
core business against the back-
drop of slowing mobile gaming
growth and a block on exports of
South Korean games to China.
Market research firm Eu-
romonitor said global mobile
game growth slowed to 15%
last year, from a 24% growth
in 2017, although Netmarble
played down that factor. —
Reuters
TUES DAY O CTOBE R 1 5 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
US gets final OK
to hit EU with
US$7.5b Airbus
sanction
BY B RYC E B A SC H U K
GENEVA: The World Trade Or-
ganization (WTO) yesterday
formally authorised the US to
impose tariffs on about US$7.5
billion (RM31.35 billion) worth
of European exports annually in
retaliation for illegal government
aid to Airbus SE.
Members approved this
month’s arbitration award —
the largest in the trade organ-
isation’s history — at a spe-
cial meeting of the dispute
settlement body at the WTO’s
headquarters in Geneva. The
development marks the final
procedural hurdle before the
US can retaliate against Euro-
pean goods, which it plans to
do on Friday.
The European Union (EU)
made a last-ditch appeal to the
US over the weekend to thwart
the tariffs, seeking a negotiated
settlement that would avoid
the economic harm a tit-for-tat
escalation would cause both
parties.
European Trade Commis-
sioner Cecilia Malmstrom told
her US counterpart, Robert Ligh-
thizer, that his tariff plan would
compel the EU to apply coun-
termeasures in a parallel law-
suit over aid the US provided to
Boeing Co. — Bloomberg
Rescuers
battle floods
in typhoon-hit
Japan
BY K WI YEON HA
& K Y U N G HOON KI M
NAGANO (Japan): Rescue
workers waded through mud-
dy, waist-high waters yesterday
searching for missing people af-
ter one of the worst typhoons to
hit Japan in recent history, while
rain fell again in some affected
areas, stoking fears of further
flooding.
Prime Minister Shinzo Abe
said vast areas had been struck
by the storm and called for ur-
gent support to the affected.
At least 43 people were killed
in the typhoon that left vast sec-
tions of towns in central and
eastern Japan under water, with
another 16 missing and 202 in-
jured, public broadcaster NHK
said.
Tens of thousands of rescue
workers and a fleet of helicopters
have fanned out in the affected
areas, officials said.
Groups of rescuers wearing
goggles and snorkels searched
for survivors while making their
way in waist-high water in Naga-
no, central Japan, where the Chi-
kuma River inundated swaths of
land. — Reuters
Hong Kong violence
‘life-threatening’
Police cite explosion of small bomb, stabbing of police officer
BY JESSIE PANG, ANNE M ARI E
ROANTR EE & DONNY KWO K
HONG KONG: Hong Kong po-
lice said yesterday that violence
in the Asian financial hub had
escalated to a “life-threatening
level”, citing the explosion of a
small bomb and the stabbing of
a police officer in clashes with
protesters overnight.
Peaceful rallies descended into
chaos on Sunday with running skir-
mishes between protesters and
police in shopping malls and on
the streets.
Black-clad activists threw 20 pet-
rol bombs at one police station,
Anti-government demonstrators marching in protest against the invocation of the emergency laws in Hong Kong, China yesterday.
Photo by Reuters
Queen Elizabeth sets out PM
Johnson’s Oct 31 Brexit priority
BY WILLIAM JAMES
& ELIZABETH P IP ER
LONDON: Queen Elizabeth set out
Prime Minister Boris Johnson’s agen-
da for his government yesterday,
including an Oct 31 Brexit, a new
deal with the European Union (EU),
and a host of domestic policies de-
signed to win over voters ahead of
an expected election.
The so-called Queen’s Speech is
the highlight of a day of elaborate
pageantry in Westminster and is
used to detail all the bills the govern-
ment wants to enact in the coming
year. It is written for the 93-year old
monarch by the government.
while others trashed shops and
metro stations.
A crude explosive device, which
police said was similar to those used
in “terrorist attacks”, was remotely
detonated as a police car drove past
and officers were clearing roadblocks
in Kowloon district on Sunday night.
A police officer also had his neck
slashed by a protester.
“Violence against police has
reached a life-threatening level,”
said Deputy Commissioner of Po-
lice Tang Ping-keung.
“They are not protesters, they
are rioters and criminals. Whatever
cause they are fighting for it never
justifies such violence.”
But, with Brexit in the balance
before a crucial week of talks, and
an unpredictable election likely in
the near future, rival parties said
Johnson was misusing the political-
ly-neutral queen by asking her to set
out his election agenda.
The speech and accompanying
notes set out an overview of more
than 20 bills, including the legislation
that is required to implement a Brex-
it deal — if Johnson is able to reach
agreement with the EU this week.
“My government’s priority has
always been to secure the United
Kingdom’s departure from the Eu-
ropean Union on Oct 31,” the queen
said from parliament’s gilded House
Xi has warned any attempt to
divide China will be crushed.
“Anyone attempting to split Chi-
na in any part of the country will
end in crushed bodies and shat-
tered bones,” Xi said in a meeting
on Sunday with leaders in Nepal,
where he was visiting, according
to China’s state broadcaster CCTV.
China rejects complaints it is
stifling the city’s freedoms and
stresses its commitment to the “one
country, two systems” formula for
autonomy set-up when the city re-
turned to its rule.
China also accuses Western
countries of stirring up trouble in
Hong Kong. — Reuters
of Lords debating chamber.
“My government intends to work
towards a new partnership with the
European Union, based on free trade
and friendly cooperation.”
The government’s plans included
an outline of Johnson's proposed
post-Brexit immigration system,
criminal justice reforms, health-
care changes, and a promise to in-
vest more from the public purse to
stimulate growth.
“People are tired of stasis, gridlock
and waiting for change,” Johnson
said in a written statement accom-
panying the speech. “And they don’t
want to wait any longer to get Brexit
done.” — Reuters
W O R L D 21
IN BRIEF
Russia takes part in
talks between Syria and
Kurdish-led SDF
BEIRUT/QAMISHLI (Syria):
The Syrian government and the
Kurdish-led Syrian Democratic
Forces (SDF) have been hold-
ing negotiations with Russian
participation, a Syrian Kurdish
politician said on Sunday, ex-
pressing hope for a deal that
would halt a Turkish attack.
Ahmed Suleiman, a senior
member of the Kurdish Demo-
cratic Progressive Party in Syria,
said the talks were being held
at Russia’s Hmeimim airbase
in Latakia, although a source
close to the Syrian government
said they were taking place in
Damascus. Suleiman did not
say if he or his party — which
is independent from the SDF
— had a role in the process.
— Reuters
South Korea’s Moon
apologises after justice
minister resigns
SEOUL: South Korean Presi-
dent Moon Jae-in apologised
after his justice minister — and
close confidant — offered to re-
sign just five weeks after taking
the job. Moon told a meeting of
top secretaries yesterday that
he felt regret for having “caused
so much friction between the
people” after weeks of protest
against his appointment of Cho
Kuk as justice minister. Cho
said earlier that he was ten-
dering his resignation to re-
lieve pressure on Moon and
improve the environment for
reforms of the national pros-
ecution system. — Bloomberg
EU must consider Turkish
arms embargo over Syria
— France foreign minister
LUXEMBOURG: European
Union (EU) foreign ministers
must again condemn Tur-
key’s offensive in Syria, call
for an arms embargo on An-
kara and request that the US
hold a meeting of the coalition
against Islamic State, France’s
foreign minister said yester-
day. The EU, which Turkey still
aspires to join, had already
condemned the Turkish air
and artillery strikes on Kurdish
militia in northeast Syria but
has been infuriated by Presi-
dent Tayyip Erdogan’s threats
to send refugees to Europe.
— Reuters
Ex-Catalan vice president
jailed for 13 years
MADRID: Catalan separatists
who tried to break away from
Spain in 2017 were handed jail
sentences of up to 13 years by
the Supreme Court in a ruling
that marks a watershed in rela-
tions with the troubled region.
Former Catalan vice president
Oriol Junqueras was handed
the stiffest sentence while eight
other activists were given lesser
terms of between nine and 12
years. Carles Puigdemont, the
regional leader who was the
figurehead of the movement,
remains in exile in Brussels
after fleeing Spain two years
ago. — Bloomberg
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Personal
ASSISTANT
CO M PI L ED BY L A KSHM I SEKHAR
WORK. LIFE. BALANCE
MALAYSIAN painter Yau Bee Ling presents her
fourth solo exhibition in her 25-year career
named Interwoven Terrains. An extension of
her everyday journey, her works often touch
on the various changes in emotional states in
life. Her new exhibit is a turning point, which
shows a shift in her world with trepidation and
a cathartic awakening. Ling’s paintings illus-
trate landscapes that are influenced by nature.
Interwoven Terrains is on until Nov 3 at Weiling
Contemporary, RT01, Sixth Floor, The Gardens
Mall, Kuala Lumpur. The gallery is open from
Tuesday to Sunday from 11am to 7pm. For more
information, visit weiling-gallery.com.
WANT to prove that you are a quiz legend?
Head to The Bee’s Quiz Night which happens
every Tuesday fortnightly. All you need is a
team of one to five people to stand a chance
to win some incredible prizes. The third prize
is a round of beer for the table, the second
prize is GA tickets to any show at The Bee and
a bucket of beer, and the first prize is special
Bee tickets to any show and a liquor bottle.
Finally, the grand prize for the team that wins
the most quiz nights over the season is a four-
day/three-night accommodation and flights
to Bali for your entire team. Come down for
happy hour at 6pm to 8pm and registration
at 8pm. The quiz starts at 8.30pm. Go to The
Bee, 36B, Block C, Level G2, Publika, Solaris
Dutamas, Jalan Dutamas 1, Kuala Lumpur. To
sign up, visit the Facebook page @TheBeeMY.
ENJOY an
evening of
beautiful classi-
cal music at the
Malaysian Phil-
harmonic Or-
chestra’s (MPO)
Chamber Concert VII. The MPO’s chamber
series allows the musicians to perform in small
ensembles. Tonight’s line-up includes Debussy’s
Violin Sonata in G minor with Ionut Mazareanu
on the violin and pianist Ng Chong Lim; Wax-
man’s Carmen Fantasie for violin and piano,
performed by violinist Ming Goh and Akiko
Danis on the piano; and Schubert’s Piano Trio
No 2 in E-flat major with pianist Loo Bang Hean,
violinist Liang Zhenzhen and Csaba Körös on
the cello. Tickets are RM28 and the show begins
at 6.30pm. Go to Dewan Filharmonik Petronas,
Level Two, Tower Two, Petronas Twin Towers,
Kuala Lumpur City Centre, Kuala Lumpur. For
tickets, visit mpo.com.my or call (03) 2331 7007.
T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
SWATCH GROUP’S HQ IS
NEW-ERA ARCHITECTURE
Inside the Shigeru Ban-
designed new building
is an ambassador of
emotionality for the
digital age
BY MARI O N HALFTE RM E Y E R
S
watch Group AG opened the
doors to its new headquarters
(HQ) in Biel, Switzerland, on
Oct 3, unveiling the Swatch
brand centre, an innovative,
five-floor, 240m-long build-
ing, and the Cité du Temps, a 28m-high
structure with approximately 1.5 mil-
2
lion mosaic tiles on its facade. The latter
houses both Planet Swatch and Omega
museums that detail their respective 36-
year and 171-year histories. Some 6,234
Swatch watches, of the 9,154 produced
since its inception in 1983, are displayed.
Biel/Bienne is a town that few know. It
lies about 30 minutes by train north-west
of Bern. Chief executive officer (CEO) Nick
Hayek Jr hopes the new building puts it
on the map for international architecture
and watch fans. The Swatch building, de-
signed by star Japanese architect Shigeru
Ban, with its striking honeycomb design
and forests of timber, “heralds in a new
chapter in the history of the brand”, said
Nick as it confronts a changing industry.
With ceiling panels that feature the
Swiss cross, Swatch Group chairman
Nayla Hayek calls it “a memorial to Biel,
3
Swatch and the history of Swatch, which
has the history, fantasy and name of Swit- At the unveiling, the CEO trumpeted praising Ban for remaining humble, lis-
zerland ... the DNA is in the building”. that the HQ — finished on time and with- tening, and his ability to compromise
It also embodies the spirit of the chair- in the 220 million Swiss francs (RM924.62 during the project’s conception and
man and CEO’s late father, Nicolas G million) budget — is a strong contrast execution.
Hayek, who initiated the project in 2004 to the coldness of automation that other “This is my lifetime project,” Ban said,
but passed away in 2010 before he could architects might use. “We need emotion- adding that it took 8.5 years from concept
see the building completed. al architects,” the younger Hayek said, initiation to completion. — Bloomberg
 live it! 23
TUES DAY O CTOB E R 1 5 , 20 1 9 • T HEED G E FINA NCIA L DA ILY

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

PHOTOS BY BLOOMBERG

01. Nick hopes the new building will put Swatch Group on
the map for international architecture and watch fans.

02. Nayla (left) and Nick cutting a ribbon during the

4
unveiling ceremony. Their late father conceived
the project in 2004, but the plan did not get well
under way until 2011. Once construction started,
it took five years to build.

03. A tour guide says Swatch will probably need to

hire professional climbers to clean the building’s
exterior, given its curved facade.

04. Swatch Group brands may be more than a

century old, but the office feels as modern as
any in technology. Beneath the honeycomb shell
lie multi-tiered floors and lots of open space,
including five black olive trees. All desks convert
into standing desks.

05. Individual padded booths allow workers to roam

productively.

06. A meeting table sitting by access to an outside

balcony. Ban included the balconies because he
noticed that Nick enjoyed stepping outside to
smoke cigars.

07. Some 6,234 Swatch watches, about two-thirds of

all models produced since the brand’s inception
38 years ago, are on display.
5 6

7
2 4 S P O RT S
Tencent airs NBA games as
China TV blackout persists
The Internet giant risks billions of dollars in ad, subscription revenue
BY JI N SH A N HON G, LU LU YILUN
C H EN & GAO Y UA N
HONG KONG/BEIJING: Tencent
Holdings Ltd live-streamed two
National Basketball Association
(NBA) games played outside of
China yesterday, even as the na-
tion’s top broadcaster shuns the
league because of a controversy
around Hong Kong’s pro-democ-
racy movement.
The Chinese social media giant
aired a game between the Chicago
Bulls and Toronto Raptors and an-
other between Maccabi Tel Aviv and
Minnesota Timberwolves, accord-
ing to its official programme. That
Bale (centre) scoring Wales’ equalising goal of the Euro 2020 qualifier Group E
match against Croatia at the Cardiff City Stadium in Cardiff, Wales on Sunday.
Photo by Reuters
Wales hold Croatia to keep
Euro 2020 hopes alive
BY ZO R A N MI LOSAVL JE V IC
CARDIFF: Wales kept alive their
flagging hopes of reaching Euro
2020 by holding Croatia to a 1-1
home draw after Gareth Bale can-
celled out an early Nikola Vlasic
opener for the visitors in a bruis-
ing Group E qualifier on Sunday.
The result left Croatia top of
the group on 14 points from seven
games, two more than Hungary
who ground out a fortuitous 1-0
home win over Azerbaijan in the
day’s early fixture.
Third-placed Slovakia have
10 points from six games and
Wales in fourth have eight from
six. Bottom team Azerbaijan are
on one point from six matches.
Vlasic fired Croatia ahead
in the ninth minute after Josip
Brekalo’s jinking run allowed Bru-
no Petkovic to tee up the ball for
the midfielder, who beat keeper
Wayne Hennessey with a crisp low
shot which went in off the post.
Hennessey kept Wales afloat
was despite the WeChat operator
last week freezing broadcasts of two
preseason games played in China:
a pair of high-profile matchups be-
tween the Los Angeles Lakers and
Brooklyn Nets in Shanghai and
Shenzhen last week. China Central
Television — the government’s flag-
ship broadcaster — announced its
boycott around the same time and
has so far not resumed televising.
A Tencent representative did
not respond to emailed requests
for comment. At stake for the In-
ternet giant is billions of dollars
in ad and subscription revenue,
along with its strategy of becom-
ing a go-to destination for NBA
with a superb save which denied
Ivan Perisic before Bale capital-
ised on good work by Ben Davies
in first-half stoppage time, as he
rounded Dejan Lovren before
driving the ball past goalkeeper
Dominik Livakovic.
The equaliser came after a chill-
ing moment midway through the
first half, when Wales winger Dan-
iel James suffered a concussion
as a result of a reckless tackle by
Croatia centre back Domagoj Vida.
Then early in the second half,
Wales midfielder Ethan Ampadu
had to be helped off the pitch by
team doctors and was substituted
by Joseff Morrell after a clumsy
aerial challenge from Petkovic left
him out for the count on the turf
of Cardiff City’s stadium.
Livakovic smothered a James
shot before a dangerous Wales
raid left three players from either
side lying on the pitch following
a series of crunching collisions,
with Croatia captain Luka Modric
unable to carry on. — Reuters
broadcasts online. The social me-
dia giant has just inked a US$1.5
billion (RM6.27 billion), five-year
deal to stream league games on-
line in China. It drew almost half
a billion basketball aficionados to
its streams last season — an audi-
ence now in jeopardy.
Tensions flared after Houston
Rockets general manager Daryl
Morey tweeted support for Hong
Kong’s protests, which some in
China view as a secessionist move-
ment, triggering a backlash from
companies and fans. By allowing
games in China to go forward last
week, however, Beijing signalled it
might be winding down its harsh
American sensation Gauff
wins first WTA title at age 15
BY HARDI K V YAS
BENGALURU: American teen-
age sensation Coco Gauff (pic)
became the youngest player to
win a WTA title in 15 years as she
beat former French Open cham-
pion Jelena Ostapenko in the Linz
Open final on Sunday.
The 15-year-old Gauff, who
started the season ranked well
outside the world’s top 600, beat
Latvia’s Ostapenko 6-3, 1-6, 6-2
in a topsy-turvy contest.
She becomes the
youngest WTA singles title
holder since Nicole Vaidis-
ova of the Czech Repub-
lic claimed her maiden
crown in Tashkent at the
age of 15 in 2004.
Gauff raced to a 5-0
lead in the final set before
Ostapenko rediscovered her
rhythm to save two match points
and hold on for 5-1.
REUTERS
T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
response to the tweet, which was
deleted but inflamed by NBA com-
missioner Adam Silver defending
Morey’s right to free speech.
There were other signs too: The
New York Times reported that ed-
itors at state-run news outlets had
told reporters to stop emphasising
the NBA issue, fearing it might get
overheated.
According to Tencent Sports’
app, other preseason games will
only be streamed in text and imag-
es. Video-streaming is scheduled
to return on Oct 23 as the regular
season starts. The company’s shares
gained 1.1% alongside other Chi-
nese shares. — Bloomberg
Ostapenko went on to break
Gauff at love to make it 5-2 but the
American held her nerve to seal
victory on her third match point.
It concluded a remarkable week
for Gauff, who went from failing to
win her qualifier to entering the
main draw as a lucky loser.
Gauff made her opportunity count
by beating Stefanie Vogele, Katery-
na Kozlova, top seed
Kiki Bertens, and
Andrea Petkovic
to reach the final.
— Reuters
IN BRIEF
Kipchoge yet to make
Tokyo 2020 plans,
targets full recovery
BENGALURU: Kenyan Eliud
Kipchoge said he needs time
to recover physically and men-
tally after becoming the first
person to run a marathon in
under two hours and has yet to
decide if he will defend his title
at next year’s Tokyo Olympics.
World record holder Kipchoge
smashed the two-hour barrier
on a special course in Vienna
on Saturday, finishing in one
hour, 59 minutes and 40 sec-
onds in an unofficial attempt.
“I’m concentrating purely on
recovery and I have not giv-
en any thought [on] any oth-
er challenge. It’s too early to
tell [about the Olympics],” he
said. “I’ve never said that I’ll
no longer run [a marathon]
but I’m going to first recover
and then decide which race
to run.” — Reuters
Fresh off world record
run, Kosgei thinks
women can go even faster
CHICAGO: Like any true com-
petitor, Kenya’s Brigid Kosgei
does not plan to coast on her
latest accomplishment — even
if that happens to be running
the fastest-ever women’s mar-
athon. Hours after shattering
Paula Radcliffe’s 16-year-old
world record, running the Chi-
cago Marathon in two hours, 14
minutes and four seconds, the
25-year-old said she believes
any number of competitors
could beat her. “If a lady can
prepare good and they have
no injury ... they can reduce
to [two hours and 12 minutes]
or one minute to [two hours
and 13 minutes],” Kosgei told
a news conference. — Reuters
Wiesberger claims third
victory of the season
BENGALURU: Austrian Bernd
Wiesberger held off a spirited
challenge from England’s Mat-
thew Fitzpatrick to claim his
third European Tour title of the
season at the Italian Open in
Rome on Sunday. Wiesberger
carded six-under-par 65 in the
final round at the Olgiata Club
for a 16-under total to overturn
a three-shot deficit and beat
overnight leader Fitzpatrick by
one stroke. Fitzpatrick signed
for a round of 69 for a total of
15-under as he finished run-
ner-up for the fourth time this
season. — Reuters
Peterson defeats Watson
to win Tianjin Open
BENGALURU: Sweden’s Re-
becca Peterson won her second
title of the 2019 Asian swing as
she defeated Britain’s Heather
Watson 6-4, 6-4 in the Tianjin
Open final on Sunday. Both
players waited through a five-
hour rain delay, with adverse
weather during the warm-up
then forcing a switch to an in-
door facility. Peterson recov-
ered from a breakdown in each
set, overturning a 2-0 deficit on
both occasions to seal victory
in an hour and 37 minutes. —
Reuters
TUES DAY O CTOBE R 1 5 , 20 1 9 • 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)
0.940 0.410 0.910 0.860 8966 PRLEXUS 0.900 0.020 1673.2 0.888 26.01 1.67 162.9
Sectorial Movement 0.290 0.190 0.210
0.907 0.677 0.735
0.200
0.735
0186
7134
PTRANS
PWF
0.205
0.735
UNCH
UNCH
2369.3
3.8
0.205
0.735
7.98
9.72
4.63
3.40
291.7
127.9
2.140 1.319 2.130 2.070 7237 PWROOT 2.130 0.030 408.7 2.111 26.73 3.90 860.3
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 7.575 5.986 7.200 7.150 7084 QL 7.200 0.060 227.5 7.187 52.25 0.63 11,681.6
FBM KLCI 1,567.59 10.75 0.69 CONSTRUCTION 209.82 0.19 0.09 0.420 0.260 — — 9946 REX 0.290 — — — — — 71.5
0.238 0.165 0.170 0.165 0037 RGB 0.170 UNCH 1109.2 0.170 7.69 4.12 263.2
FBM ACE 4,649.20 30.07 0.65 CONSUMER PRODUCTS & SERVICES 642.75 2.72 0.42 0.845 0.652 0.695 0.660 5278 RHONEMA 0.695 0.030 8 0.670 14.10 4.32 126.9
FBM TOP 100 10,967.99 72.55 0.67 ENERGY 1,162.83 19.39 1.70 0.900 0.276 0.900 0.830 0183 SALUTE 0.900 0.070 10431 0.872 — 2.67 349.2
FBM EMAS 11,151.01 73.20 0.66 FINANCIAL SERVICES 15,133.92 143.59 0.96 0.285 0.160 0.175 0.170 5252 SASBADI 0.175 0.005 220 0.170 92.11 — 73.3
0.370 0.240 0.240 0.240 5157 SAUDEE 0.240 UNCH 35 0.240 70.59 — 33.0
FBM MID 70 14,025.74 81.77 0.59 HEALTH CARE 1,249.73 7.76 0.62 0.675 0.592 — — 9792 SEG 0.640 — — — 18.50 4.30 809.3
FBM MIDS CAP 14,514.92 104.45 0.72 INDUSTRIAL PRODUCTS & SERVICES 150.88 0.45 0.30 1.560 1.199 1.460 1.450 5250 SEM 1.450 UNCH 363.5 1.450 30.27 1.66 1,788.4
FBM SMALL CAP 13,385.47 73.55 0.55 PLANTATION 6,600.23 59.34 0.91 0.805 0.440 0.785 0.760 7180 SERNKOU 0.775 0.010 247 0.767 16.08 — 186.0
5.900 4.770 5.090 5.000 5517 SHANG 5.000 -0.140 55.7 5.017 35.64 3.00 2,200.0
FBM FLEDGLING 14,231.40 60.32 0.43 PROPERTY 772.21 2.39 0.31 0.685 0.415 — — 7412 SHH 0.500 — — — — — 25.0
FTSE4GOOD BURSA M’SIA 875.05 6.12 0.70 REAL ESTATE INVESTMENT TRUSTS 988.90 0.06 0.01 0.565 0.315 0.480 0.460 7246 SIGN 0.460 -0.025 159.4 0.471 46.00 3.26 110.5
FBM PALM OIL PLANTATION MYR 11,765.85 136.79 1.18 TECHNOLOGY 37.30 0.29 0.78
2.497 1.952 2.290 2.250 4197 SIME 2.280 0.020 3005.8 2.273 16.29 3.95 15,505.9
0.445 0.140 0.150 0.150 8532 SINOTOP 0.150 0.005 10 0.150 125.00 — 59.2
FBM EMAS SHARIAH 11,782.93 66.56 0.57 TELECOMMUNICATION & MEDIA 694.88 3.61 0.52 0.250 0.105 0.145 0.140 9776 SMCAP 0.145 UNCH 330.9 0.144 — — 31.0
FBM HIJRAH SHARIAH 13,026.97 80.57 0.62 TRANSPORTATION & LOGISTICS 785.35 1.83 0.23 0.295 0.200 — — 7943 SNC 0.240 — — — — — 15.8
0.375 0.200 0.360 0.310 5242 SOLID 0.310 -0.040 5890.4 0.338 53.45 0.65 121.7
FBM MIDS CAP SHARIAH 13,789.78 85.87 0.63 UTILITIES 984.81 1.80 0.18
2.400 1.965 2.210 2.210 7103 SPRITZER 2.210 -0.060 1.6 2.210 17.61 1.58 464.1
0.680 0.582 — — 0301 SUPREME 0.680 — — — 15.70 0.62 81.6
0.775 0.500 0.640 0.625 7186 SWSCAP 0.640 -0.010 76.9 0.631 — — 116.7

Bursa Malaysia Main Market 0.253 0.170 0.205

0.420 0.240
1.702 1.294 1.350
—
0.200
—
1.310
7082
7211
4405
SYF
TAFI
TCHONG
0.205
0.240
1.320
0.010

UNCH
—
410.8
—
216.7
0.200
—
1.326
—
—
6.90
6.10
—
3.03
126.9
19.2
887.0
1.550 0.695 1.010 1.010 7439 TECGUAN 1.010 UNCH 21 1.010 4.01 — 40.5
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 0.335 0.210 0.275 0.260 7200 TEKSENG 0.260 -0.015 464.6 0.270 — — 90.5
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 1.391 0.697 1.170 1.160 7252 TEOSENG 1.170 UNCH 783.7 1.169 6.81 4.70 351.0
CONSUMER PRODUCTS & SERVICES 1.260 0.866 1.260 1.260 9369 TGL 1.260 0.010 2.4 1.260 8.17 3.97 51.3
0.985 0.700 0.805 0.790 0012 3A 0.790 -0.025 202.1 0.797 10.91 2.53 388.7 0.588 0.430 — — 7230 TOMEI 0.440 — — — 10.48 2.27 61.0
0.315 0.150 0.160 0.155 5238 AAX 0.160 UNCH 1850.8 0.157 — — 663.7 0.460 0.295 0.310 0.295 7176 TPC 0.310 UNCH 57.9 0.305 5.50 — 72.5
0.485 0.335 0.410 0.395 7120 ACOSTEC 0.405 0.005 706.2 0.402 — — 78.8 5.988 4.177 4.700 4.650 4588 UMW 4.650 -0.010 21.4 4.656 15.18 1.61 5,432.6
1.881 1.345 1.540 1.510 6599 AEON 1.530 0.010 903.3 1.524 17.98 2.61 2,148.1 2.300 1.977 — — 7757 UPA 2.210 — — — 17.21 3.62 175.9
0.185 0.115 0.120 0.120 7315 AHB 0.120 UNCH 70.5 0.120 13.95 — 21.1 0.970 0.770 0.955 0.930 7240 VERTICE 0.930 -0.025 2500.2 0.939 — — 175.5
2.404 1.950 2.270 2.200 7090 AHEALTH 2.250 UNCH 203.5 2.243 18.75 1.53 1,061.4 1.253 0.900 0.920 0.900 7203 WANGZNG 0.920 0.005 41 0.903 13.53 4.35 147.2
2.157 1.309 1.750 1.710 5099 AIRASIA 1.750 0.040 3425 1.732 10.18 13.71 5,848.5 2.268 1.950 — — 5016 WARISAN 1.950 — — — — 2.05 131.0
20.820 15.920 16.200 15.920 2658 AJI 15.920 -0.100 30.9 15.99 16.37 2.95 967.9 0.135 0.070 — — 5156 XDL 0.080 — — — 9.64 — 144.4
6.765 5.391 5.820 5.650 6351 AMWAY 5.650 0.040 14 5.677 13.62 3.54 928.8 0.510 0.320 0.375 0.365 7121 XIANLNG 0.375 0.005 76.7 0.368 — — 30.0
0.030 0.005 0.010 0.010 5194 APFT 0.010 0.005 1200 0.010 0.81 — 13.4 2.340 1.769 — — 5584 YEELEE 2.180 — — — 13.12 1.83 417.7
4.050 3.550 3.850 3.850 6432 APOLLO 3.850 -0.020 0.5 3.850 18.72 5.19 308.0 1.206 0.924 — — 5159 YOCB 0.990 — — — 6.93 4.55 158.4
0.160 0.105 0.135 0.130 1481 ASB 0.130 UNCH 397.2 0.130 — 1.92 120.8 3.021 2.210 2.300 2.250 7178 YSPSAH 2.260 0.010 41.4 2.261 12.80 3.10 315.5
0.570 0.325 — — 7722 ASIABRN 0.500 — — — 10.64 — 116.3 1.670 1.135 1.650 1.620 5131 ZHULIAN 1.650 0.020 123.8 1.630 12.32 4.85 759.0
2.552 2.250 — — 7129 ASIAFLE 2.350 — — — 9.24 5.96 457.7 INDUSTRIAL PRODUCTS & SERVICES
4.740 3.871 4.100 4.100 7048 ATLAN 4.100 UNCH 1 4.100 26.27 4.88 1,040.0 0.095 0.065 0.070 0.065 7086 ABLEGRP 0.065 UNCH 12 0.068 — — 17.2
0.325 0.115 0.125 0.120 8885 AVI 0.125 0.005 45.8 0.123 — — 118.1 0.605 0.350 — — 7191 ADVENTA 0.525 — — — — — 80.2
0.170 0.160 — — 0301 BABA 0.170 — — — 3.92 — 38.2 2.250 1.740 2.130 2.070 9148 ADVPKG 2.130 0.050 5.7 2.085 208.8 2.82 43.7
37.306 17.220 17.640 17.260 4162 BAT 17.600 0.360 1419.5 17.49 11.77 8.13 5,025.3 0.140 0.080 0.100 0.100 7146 AEM 0.100 UNCH 50 0.100 — — 32.9
2.730 1.629 2.220 2.190 5248 BAUTO 2.200 0.010 2785.7 2.200 9.79 6.82 2,559.4 0.710 0.385 — — 5198 AFUJIYA 0.550 — — — 20.30 — 99.0
1.799 1.264 1.440 1.410 5196 BJFOOD 1.430 -0.010 26.8 1.422 23.10 2.80 546.5 0.335 0.200 0.220 0.220 2682 AISB 0.220 UNCH 6.7 0.220 — — 31.8
0.305 0.150 0.200 0.190 4219 BJLAND 0.195 -0.005 7221.7 0.197 7.65 — 975.1 0.615 0.395 0.410 0.405 7609 AJIYA 0.410 0.005 135.4 0.409 5.68 — 124.9
2.780 1.908 2.620 2.550 1562 BJTOTO 2.560 0.020 2283 2.578 19.47 6.25 3,458.6 0.650 0.420 0.445 0.445 2674 ALCOM 0.445 UNCH 16 0.445 21.71 — 59.8
0.353 0.201 0.250 0.240 9288 BONIA 0.250 0.015 115.1 0.243 10.82 2.00 201.6 1.234 0.920 1.100 1.100 7083 ANALABS 1.100 UNCH 16 1.100 25.35 1.82 132.1
0.280 0.055 0.195 0.175 9474 BRAHIMS 0.175 -0.005 3587.3 0.186 — — 41.3 0.587 0.440 0.485 0.475 4758 ANCOM 0.485 0.010 76.6 0.480 9.05 — 116.8
0.764 0.400 0.455 0.445 7174 CAB 0.450 -0.010 300.7 0.451 22.84 1.11 296.6 1.814 1.110 1.170 1.140 6556 ANNJOO 1.140 -0.020 382.7 1.152 26.45 10.53 638.3
0.595 0.320 0.455 0.420 7154 CAELY 0.455 0.030 548 0.445 72.22 1.10 74.7 0.055 0.015 0.030 0.015 9342 ANZO 0.025 UNCH 49853 0.022 — — 22.0
0.295 0.200 — — 7128 CAMRES 0.235 — — — 18.22 — 46.2 0.835 0.465 0.480 0.465 5568 APB 0.465 -0.015 1.5 0.475 — — 52.5
2.300 1.500 2.200 2.170 5245 CARING 2.200 0.060 15.5 2.189 23.08 2.73 479.0 3.151 2.240 2.270 2.260 5015 APM 2.270 0.020 28.1 2.268 11.38 5.29 457.6
27.800 16.463 27.660 27.280 2836 CARLSBG 27.320 -0.060 16.4 27.45 29.28 3.39 8,353.0 0.630 0.475 0.500 0.490 7214 ARANK 0.490 0.005 57.5 0.499 6.77 4.73 83.1
1.990 1.230 1.350 1.280 2925 CCB 1.350 0.080 7 1.308 — — 136.0 0.605 0.205 0.320 0.315 7181 ARBB 0.315 UNCH 1637.8 0.319 1.68 — 74.1
0.798 0.355 0.505 0.500 7035 CCK 0.500 UNCH 817.9 0.504 13.40 2.50 315.4 0.749 0.581 0.690 0.690 7162 ASTINO 0.690 UNCH 71 0.690 7.93 1.45 189.1
0.380 0.270 — — 7209 CHEETAH 0.305 — — — 95.31 1.31 38.9 1.826 1.301 1.480 1.400 8176 ATAIMS 1.440 -0.050 663.9 1.439 15.64 2.28 1,734.3
1.850 1.210 1.530 1.420 2828 CIHLDG 1.530 0.110 34.2 1.474 13.01 5.23 247.9 0.810 0.400 0.415 0.400 7099 ATTA 0.415 0.010 58 0.407 17.58 — 88.5
0.095 0.055 0.065 0.055 5104 CNI 0.065 0.005 353.7 0.059 — 4.62 46.8 0.883 0.580 0.590 0.580 7579 AWC 0.580 -0.010 646.9 0.584 8.16 1.29 172.0
0.065 0.025 — — 5188 CNOUHUA 0.040 — — — — — 26.7 0.367 0.255 0.300 0.285 5021 AYS 0.300 UNCH 110.3 0.288 10.95 6.67 114.1
2.140 1.800 2.030 2.000 7205 COCOLND 2.030 UNCH 7.2 2.025 13.81 2.96 464.5 1.400 1.120 1.280 1.260 8133 BHIC 1.280 UNCH 10.8 1.264 — 2.73 318.0
0.085 0.005 — — 0301 CRG 0.060 — — — 11.11 — 48.3 0.515 0.260 — — 7005 BIG 0.300 — — — 15.15 — 14.4
1.172 0.981 1.030 1.000 7202 CSCENIC 1.000 -0.020 118 1.003 15.48 7.00 120.5 0.150 0.110 0.120 0.120 6998 BINTAI 0.120 UNCH 132 0.120 3.03 — 34.8
0.540 0.400 — — 9423 CWG 0.455 — — — 11.07 3.30 57.5 0.325 0.225 0.240 0.235 3395 BJCORP 0.235 -0.005 3214.2 0.238 — — 1,225.5
0.035 0.025 0.030 0.030 7179 DBE 0.030 UNCH 320 0.030 — — 80.3 0.766 0.485 0.635 0.615 0168 BOILERM 0.620 UNCH 200.9 0.622 11.38 3.23 319.9
1.060 0.760 1.060 1.050 7119 DEGEM 1.060 0.020 19 1.050 34.75 0.94 142.0 0.060 0.040 0.045 0.040 7036 BORNOIL 0.045 UNCH 971.1 0.043 — — 240.3
3.208 2.062 2.520 2.520 5908 DKSH 2.520 UNCH 16 2.520 12.92 3.97 397.3 1.350 0.865 1.180 1.110 6297 BOXPAK 1.110 0.010 6 1.111 — — 133.3
64.500 56.200 57.900 57.780 3026 DLADY 57.780 -0.120 2.4 57.80 31.97 1.73 3,697.9 1.128 0.833 1.000 1.000 5100 BPPLAS 1.000 0.005 19 1.000 8.97 5.50 187.7
1.480 0.898 1.400 1.370 7148 DPHARMA 1.380 -0.020 347.3 1.385 16.65 3.62 938.5 0.220 0.140 — — 9938 BRIGHT 0.180 — — — — — 37.0
2.962 1.580 2.440 2.400 1619 DRBHCOM 2.400 -0.040 1960.5 2.410 19.69 1.25 4,639.8 0.445 0.260 0.320 0.315 7221 BSLCORP 0.320 0.005 15.1 0.320 23.88 — 31.4
0.150 0.075 0.085 0.080 2097 EASTLND 0.080 UNCH 85.2 0.085 — — 23.6 1.825 0.945 0.990 0.970 2771 BSTEAD 0.970 -0.015 323.7 0.976 — 5.15 1,966.2
0.652 0.512 — — 5081 EIG 0.545 — — — 14.05 5.50 129.3 0.175 0.070 0.095 0.095 7188 BTM 0.095 UNCH 3.2 0.095 — — 13.4
0.075 0.035 0.050 0.045 7182 EKA 0.045 UNCH 23.1 0.045 — — 14.0 3.941 1.807 3.200 3.180 5105 CANONE 3.200 0.010 38.4 3.193 4.10 1.25 614.9
0.205 0.150 0.150 0.150 9091 EMICO 0.150 UNCH 10.4 0.150 12.82 — 15.8 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
0.130 0.090 0.130 0.130 0302 ENEST 0.130 UNCH 103.5 0.130 18.84 — 60.5 1.354 0.800 0.810 0.805 7076 CBIP 0.805 -0.005 65.9 0.809 22.42 4.97 433.3
1.120 0.797 — — 7149 ENGKAH 1.030 — — — 9.41 5.83 72.9 2.168 1.480 1.650 1.600 2879 CCM 1.600 -0.050 12.5 1.613 11.97 3.75 268.3
0.195 0.155 — — 0302 ETH 0.190 — — — — — 46.7 0.845 0.400 — — 8435 CEPCO 0.530 — — — — — 39.6
0.200 0.080 0.090 0.085 7208 EURO 0.090 UNCH 93 0.090 — — 24.1 0.290 0.260 — — 0302 CETECH 0.285 — — — 17.70 0.35 98.6
0.660 0.320 0.360 0.360 7094 EUROSP 0.360 -0.050 1 0.360 — — 16.0 1.360 0.900 — — 8044 CFM 1.110 — — — — — 45.5
36.651 28.688 34.500 33.640 3689 F&N 34.460 0.240 268.5 34.35 29.86 1.67 12,639.2 0.660 0.420 — — 8052 CGB 0.525 — — — — — 47.3
0.959 0.610 0.620 0.610 2755 FCW 0.620 UNCH 9.5 0.618 43.66 16.13 155.0 0.425 0.265 — — 7187 CHGP 0.275 — — — 39.86 — 81.7
0.505 0.428 0.490 0.490 6939 FIAMMA 0.490 UNCH 28 0.490 7.21 4.59 249.9 0.898 0.610 0.755 0.755 5273 CHINHIN 0.755 -0.005 20 0.755 17.28 3.31 420.1
0.523 0.277 — — 8605 FIHB 0.365 — — — 4.74 — 39.8 1.930 1.508 1.670 1.670 5007 CHINWEL 1.670 UNCH 15 1.670 8.52 4.70 500.2
1.955 1.247 1.610 1.570 9172 FPI 1.610 0.010 1639.4 1.587 10.04 6.21 398.2 1.652 1.320 — — 5797 CHOOBEE 1.380 — — — 13.44 3.62 181.7
3.460 0.680 3.460 3.310 7184 G3 3.420 0.040 515.2 3.402 — — 1,419.9 0.500 0.221 0.375 0.375 7016 CHUAN 0.375 0.005 13.8 0.375 6.65 2.93 63.3
4.720 1.998 4.680 4.530 5102 GCB 4.560 -0.110 452.9 4.602 9.82 0.66 2,299.0 0.045 0.035 — — 7018 CME 0.035 — — — — — 20.4
0.500 0.400 — — 5592 GCE 0.470 — — — — 4.26 92.6 3.824 2.260 2.460 2.420 2852 CMSB 2.430 0.040 1158 2.441 12.19 3.05 2,610.7
4.501 2.604 3.090 3.040 4715 GENM 3.050 UNCH 5737.4 3.059 — 3.61 18,111 0.530 0.365 — — 7986 CNASIA 0.460 — — — 30.87 — 23.0
7.634 5.590 5.730 5.610 3182 GENTING 5.650 0.040 3953 5.655 14.13 2.57 21,904 1.370 0.735 0.970 0.940 5071 COASTAL 0.965 0.025 160.2 0.960 35.09 — 513.3
0.415 0.100 0.190 0.155 5079 GETS 0.180 0.025 10531 0.174 — — 22.7 0.175 0.045 — — 7195 COMCORP 0.070 — — — — — 9.8
0.165 0.105 0.125 0.120 0136 GREENYB 0.125 UNCH 40.5 0.120 8.74 — 41.7 0.981 0.741 0.775 0.770 2127 COMFORT 0.770 -0.005 327.1 0.773 13.53 1.95 448.9
3.564 2.110 2.280 2.260 7668 HAIO 2.270 0.010 110.4 2.269 14.82 5.73 681.7 0.030 0.015 0.020 0.020 5037 COMPUGT 0.020 UNCH 112 0.020 — — 49.5
3.780 3.227 — — 5008 HARISON 3.630 — — — 10.63 5.51 248.6 1.155 0.939 1.000 0.985 5094 CSCSTEL 0.995 0.015 49.5 0.992 20.26 4.02 378.1
0.135 0.055 0.065 0.065 5187 HBGLOB 0.065 UNCH 165 0.065 1.96 — 30.4 0.605 0.350 — — 7157 CYL 0.395 — — — 493.7 — 39.5
24.763 16.724 24.560 24.400 3255 HEIM 24.440 0.200 35.6 24.48 24.83 3.93 7,383.3 0.400 0.280 0.280 0.280 5082 CYMAO 0.280 UNCH 10 0.280 — — 21.0
11.600 8.153 10.600 10.480 3301 HLIND 10.480 0.020 10.8 10.51 10.06 3.82 3,436.4 1.736 1.250 1.410 1.370 5184 CYPARK 1.400 0.040 1820.9 1.396 8.22 2.79 654.4
0.727 0.545 0.660 0.650 5160 HOMERIZ 0.655 UNCH 156 0.653 8.21 5.34 196.5 2.370 1.550 2.060 1.940 8125 DAIBOCI 1.990 0.050 227.3 2.029 59.76 1.68 652.5
1.025 0.871 0.905 0.900 5024 HUPSENG 0.905 0.005 145.8 0.901 17.21 6.63 724.0 0.655 0.361 0.500 0.495 5276 DANCO 0.500 UNCH 75 0.499 9.43 3.50 152.0
0.375 0.235 0.300 0.300 8478 HWATAI 0.300 UNCH 10 0.300 — — 22.4 0.355 0.120 0.205 0.200 7212 DESTINI 0.200 -0.005 1815.1 0.201 — — 231.0
0.490 0.260 0.315 0.300 9113 ICONIC 0.305 0.005 1048.2 0.307 — — 98.7 0.755 0.325 0.390 0.385 7114 DNONCE 0.390 0.020 70 0.386 — — 101.9
0.080 0.020 0.030 0.025 7243 IMPIANA 0.025 -0.005 9132 0.025 — — 139.9 0.280 0.080 0.165 0.165 5835 DOLMITE 0.165 UNCH 47 0.165 — — 47.0
1.490 0.770 — — 5107 IQGROUP 0.795 — — — — — 70.0 0.170 0.070 0.100 0.090 5265 DOLPHIN 0.100 0.015 1137.1 0.095 — — 24.4
0.070 0.030 0.060 0.055 7223 JADI 0.055 0.005 5438 0.055 11.00 — 57.0 1.300 1.162 1.280 1.280 7169 DOMINAN 1.280 UNCH 3 1.280 9.27 5.47 211.5
1.140 0.770 1.100 1.080 7152 JAYCORP 1.090 -0.010 41.9 1.088 7.46 5.05 149.6 3.030 1.823 3.030 2.850 7233 DUFU 3.030 0.190 3018.5 2.950 16.53 1.18 797.5
0.420 0.310 0.320 0.320 8931 JERASIA 0.320 UNCH 14.9 0.320 11.59 3.13 26.3 2.000 0.485 0.520 0.520 7165 DWL 0.520 UNCH 66.6 0.520 — — 121.1
1.555 0.788 1.390 1.290 7167 JOHOTIN 1.300 -0.080 4723.1 1.330 8.77 5.00 403.6 0.380 0.075 0.080 0.075 5178 DYNACIA 0.075 UNCH 611.9 0.079 — — 36.0
0.380 0.260 — — 8672 KAMDAR 0.275 — — — — — 54.4 3.459 2.196 3.410 3.330 1368 EDGENTA 3.340 -0.030 4 3.364 18.21 4.19 2,777.6
0.708 0.375 0.430 0.425 5247 KAREX 0.430 0.010 1301.3 0.425 165.38 2.33 431.0 0.260 0.165 — — 0064 EFFICEN 0.165 — — — — — 117.0
2.064 1.180 1.290 1.270 7216 KAWAN 1.290 0.030 63.3 1.284 27.27 1.94 463.8 0.520 0.355 0.405 0.395 8907 EG 0.405 0.010 1634.2 0.399 8.44 — 111.4
0.225 0.080 0.150 0.140 8303 KFM 0.145 -0.005 138 0.145 — — 9.9 1.565 1.158 1.380 1.380 5208 EITA 1.380 -0.020 12 1.380 8.62 4.35 179.4
0.656 0.165 0.270 0.260 6203 KHEESAN 0.260 -0.010 755 0.265 5.83 3.85 29.7 0.990 0.710 — — 9016 EKSONS 0.750 — — — — 6.67 123.2
1.760 1.400 — — 7062 KHIND 1.540 — — — 32.63 — 61.7 0.500 0.340 0.355 0.345 7217 EMETALL 0.350 0.005 98 0.350 97.22 — 65.9
1.940 1.566 1.930 1.860 0002 KOTRA 1.900 0.050 32.5 1.891 11.79 3.89 273.8 0.961 0.560 0.580 0.565 5056 ENGTEX 0.565 -0.005 729.8 0.570 — 1.33 250.5
1.000 0.295 1.000 0.995 7130 KPOWER 1.000 0.005 1618 0.995 476.19 — 76.1 0.470 0.310 0.345 0.325 7773 EPMB 0.345 UNCH 5.1 0.325 — — 57.3
0.120 0.055 0.095 0.090 5172 KSTAR 0.095 0.005 33.3 0.092 — — 40.5 0.525 0.245 0.260 0.260 5101 EVERGRN 0.260 UNCH 232.6 0.260 — 1.85 220.1
0.195 0.050 0.090 0.080 4847 KTB 0.085 0.010 4944 0.086 — — 34.2 1.380 1.050 1.290 1.290 2984 FACBIND 1.290 UNCH 10 1.290 97.73 — 109.9
0.630 0.410 — — 1643 LANDMRK 0.470 — — — — — 248.6 2.850 2.091 2.700 2.700 7229 FAVCO 2.700 UNCH 1 2.700 7.31 5.00 602.4
4.065 2.700 2.790 2.760 7006 LATITUD 2.790 0.010 59.5 2.763 14.03 2.15 271.2 0.320 0.305 — — 0302 FBBHD 0.320 — — — 26.67 — 69.1
0.540 0.325 0.455 0.440 9385 LAYHONG 0.445 UNCH 3585.3 0.447 33.97 1.12 293.8 0.580 0.330 0.350 0.350 0149 FIBON 0.350 UNCH 7 0.350 12.11 2.06 34.3
1.051 0.575 0.620 0.615 8079 LEESK 0.615 UNCH 56.8 0.615 10.08 4.07 103.2 1.886 1.630 1.750 1.740 3107 FIMACOR 1.740 -0.010 26 1.746 7.57 7.18 426.8
1.161 0.702 0.930 0.910 6633 LHI 0.920 UNCH 1024 0.922 18.47 — 3,358.0 0.560 0.365 0.415 0.395 9318 FITTERS 0.395 -0.020 2662.5 0.400 10.51 — 189.8
3.190 2.438 3.150 3.120 7089 LIIHEN 3.150 0.020 79.2 3.139 7.92 4.92 567.0 1.810 1.000 1.140 1.100 5197 FLBHD 1.120 0.020 87.8 1.125 6.95 12.95 119.6
0.630 0.090 0.095 0.095 7126 LONBISC 0.095 -0.005 555.9 0.095 30.65 — 27.6 0.465 0.199 0.450 0.430 5277 FPGROUP 0.440 UNCH 7426.1 0.438 19.30 2.27 232.4
1.378 0.768 — — 7085 LTKM 1.320 — — — 7.35 1.52 171.7 0.900 0.415 — — 7197 GESHEN 0.460 — — — — — 36.8
2.650 1.389 2.650 2.560 7087 MAGNI 2.600 0.080 1148.7 2.609 3.81 5.38 1,128.3 0.545 0.350 0.365 0.355 5220 GLOTEC 0.365 UNCH 233.1 0.364 — — 98.2
2.880 1.659 2.820 2.770 3859 MAGNUM 2.780 0.030 923.9 2.789 28.93 6.12 3,996.9 0.285 0.145 0.210 0.205 7192 GOODWAY 0.210 UNCH 515.6 0.210 — — 25.5
0.135 0.110 0.110 0.110 3514 MARCO 0.110 -0.005 20 0.110 8.33 2.73 116.0 0.145 0.080 — — 7096 GPA 0.100 — — — — — 98.0
1.320 0.748 — — 5886 MBG 1.310 — — — — 1.15 79.6 0.259 0.160 — — 5649 GPHAROS 0.180 — — — 85.71 7.06 24.6
4.470 1.774 4.010 3.980 5983 MBMR 3.980 -0.010 455.2 4.000 6.74 3.77 1,555.7 0.573 0.400 0.475 0.475 3247 GUH 0.475 0.005 24.2 0.475 62.50 — 132.0
0.480 0.185 0.480 0.410 7234 MESB 0.475 0.055 2666.6 0.461 9.01 — 38.9 10.180 8.946 9.850 9.730 3034 HAPSENG 9.850 0.050 163.7 9.820 38.63 3.55 24,523.4
0.235 0.177 — — 0301 MFGROUP 0.235 — — — 391.6 — 75.2 6.382 4.486 5.240 5.180 5168 HARTA 5.240 0.040 1933.6 5.212 41.13 1.56 17,614.1
0.877 0.435 0.625 0.605 3662 MFLOUR 0.610 -0.010 3823 0.615 14.06 3.61 612.1 6.480 4.290 4.490 4.390 4324 HENGYUAN 4.410 -0.040 94.9 4.433 — — 1,323.0
0.820 0.600 — — 7935 MILUX 0.800 — — — — — 43.5 0.784 0.490 0.505 0.495 5095 HEVEA 0.505 0.005 136.6 0.500 21.13 9.50 284.2
0.120 0.035 0.075 0.065 5166 MINDA 0.065 -0.010 391.3 0.070 — — 80.6 1.050 0.650 — — 5151 HEXTAR 0.720 — — — — — 590.9
3.420 0.950 1.040 0.995 5202 MSM 1.010 UNCH 1231.5 1.010 55.49 — 710.0 0.806 0.645 0.750 0.750 3298 HEXZA 0.750 -0.010 13 0.750 18.75 6.67 150.3
0.025 0.005 0.015 0.010 5150 MSPORTS 0.015 0.005 1374.9 0.010 — — 9.1 0.377 0.180 0.185 0.180 5072 HIAPTEK 0.180 -0.005 1069 0.184 9.52 2.78 242.0
0.255 0.145 0.200 0.195 3891 MUIIND 0.200 0.010 854.4 0.198 — — 586.5 1.300 0.760 0.960 0.935 5199 HIBISCS 0.935 -0.020 8151.7 0.944 6.46 — 1,485.0
2.650 1.620 2.070 2.040 3905 MULPHA 2.070 -0.020 44.1 2.064 — — 661.6 1.655 1.030 1.030 1.030 7033 HIGHTEC 1.030 UNCH 2 1.030 15.58 3.40 41.8
1.519 1.311 1.350 1.330 5275 MYNEWS 1.350 -0.030 75.4 1.350 30.96 1.11 920.9 0.634 0.447 0.530 0.510 8443 HIL 0.525 0.020 1482.6 0.520 12.35 3.33 175.4
148.98 140.07 144.30 143.20 4707 NESTLE 144.300 0.400 25 144.09 51.78 1.94 33,838.4 0.810 0.400 0.650 0.600 5165 HOKHENG 0.620 0.025 459.8 0.630 — — 54.6
2.860 2.437 — — 7060 NHFATT 2.730 — — — 14.44 3.66 225.7 0.572 0.316 0.355 0.345 5291 HPMT 0.345 -0.010 123 0.349 — — 113.3
0.065 0.020 0.055 0.050 7139 NICE 0.050 -0.005 302 0.050 — — 35.1 1.290 0.735 0.880 0.835 0185 HSSEB 0.840 -0.035 1553 0.847 — — 416.5
0.267 0.145 0.190 0.165 7215 NIHSIN 0.165 -0.020 5327.2 0.180 — — 53.0 0.300 0.115 0.130 0.120 2739 HUAAN 0.125 0.005 4102.8 0.124 14.20 — 140.3
0.537 0.376 0.480 0.465 5066 NTPM 0.475 UNCH 327.6 0.474 226.1 3.37 533.5 1.690 0.456 1.080 1.070 5000 HUMEIND 1.070 0.010 263.6 1.071 — — 528.2
0.580 0.300 — — 5533 OCB 0.420 — — — — — 43.2 0.135 0.070 0.080 0.075 9601 HWGB 0.080 0.005 65.1 0.075 — — 28.6
0.531 0.395 0.430 0.410 0049 OCNCASH 0.430 UNCH 10.1 0.410 18.22 2.12 105.5 2.330 1.850 2.160 2.000 7222 IMASPRO 2.130 -0.030 711.3 2.027 100.9 1.64 170.4
0.888 0.623 0.650 0.645 7107 OFI 0.645 -0.005 99.3 0.648 11.88 3.10 154.8 0.575 0.370 0.370 0.370 5673 IPMUDA 0.370 -0.015 2 0.370 — — 26.8
0.135 0.090 0.110 0.100 3018 OLYMPIA 0.110 0.005 163.7 0.103 15.94 — 112.6 0.160 0.075 — — 7183 IRETEX 0.100 — — — 1.37 — 18.5
6.670 5.528 6.600 6.590 4006 ORIENT 6.600 0.010 110.7 6.600 10.25 3.03 4,094.6 1.250 0.950 1.200 1.180 7043 JADEM 1.190 UNCH 334 1.188 — — 150.9
0.875 0.460 0.545 0.525 5260 OWG 0.535 0.010 465.9 0.535 — — 152.5 0.125 0.100 — — 8648 JASKITA 0.100 — — — — — 45.0
5.649 3.066 3.740 3.700 7052 PADINI 3.700 -0.010 265.5 3.709 15.19 2.70 2,434.3 1.606 1.304 1.460 1.460 0058 JCBNEXT 1.460 UNCH 2 1.460 17.00 2.74 201.2
39.072 35.184 37.700 37.600 3719 PANAMY 37.600 -0.100 5.9 37.65 21.13 6.01 2,284.0 0.215 0.120 — — 9083 JETSON 0.135 — — — — — 28.6
0.460 0.291 0.370 0.325 5022 PAOS 0.370 0.035 30.7 0.339 90.24 4.32 67.0 0.175 0.115 0.130 0.125 0054 KARYON 0.130 UNCH 274.4 0.125 15.29 3.46 61.8
0.350 0.230 0.275 0.275 9407 PARAGON 0.275 UNCH 1.4 0.275 — — 19.3 0.630 0.480 — — 7199 KEINHIN 0.485 — — — 16.28 2.06 52.8
0.355 0.195 0.205 0.200 5657 PARKSON 0.205 -0.005 294.2 0.205 — — 224.2 1.707 1.337 1.560 1.560 6491 KFIMA 1.560 UNCH 9.5 1.560 7.37 5.77 440.3
0.635 0.185 0.440 0.405 6068 PCCS 0.430 0.020 7314.9 0.429 5.78 2.33 90.3 1.399 0.873 1.320 1.290 0151 KGB 1.310 -0.010 619 1.303 17.61 1.37 408.0
0.550 0.285 0.320 0.315 5231 PELIKAN 0.315 -0.020 154.4 0.317 21.88 — 191.6 0.300 0.130 0.200 0.200 6211 KIALIM 0.200 -0.015 11 0.200 — — 12.4
0.590 0.300 — — 9997 PENSONI 0.400 — — — 93.02 — 51.9 1.360 1.000 1.080 1.080 5371 KIMHIN 1.080 0.030 5.6 1.080 — 4.63 168.1
0.695 0.230 0.695 0.655 7080 PERMAJU 0.670 UNCH 2926.1 0.677 — — 131.3 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
27.850 21.069 23.480 23.060 5681 PETDAG 23.300 0.260 199.2 23.30 29.64 3.00 23,147 1.520 0.775 1.440 1.410 9466 KKB 1.440 -0.010 62.3 1.421 15.96 2.78 371.2
0.165 0.125 — — 4081 PMCORP 0.135 — — — — — 104.4 0.440 0.070 0.400 0.390 7164 KNM 0.395 0.005 27267 0.395 — — 1,033.3
0.120 0.035 0.060 0.060 1287 PMHLDG 0.060 UNCH 1 0.060 — — 55.7 0.800 0.350 0.600 0.580 5035 KNUSFOR 0.600 UNCH 43 0.599 — — 59.8
0.555 0.431 0.495 0.495 5080 POHKONG 0.495 UNCH 9 0.495 7.84 2.02 203.1 1.730 1.180 1.590 1.590 6971 KOBAY 1.590 UNCH 89 1.590 8.70 — 162.3
1.600 1.250 1.540 1.520 7088 POHUAT 1.520 -0.010 84 1.527 5.88 2.63 367.1 0.390 0.120 0.290 0.280 7017 KOMARK 0.285 -0.005 6862.1 0.289 — — 52.5
19.516 16.607 17.960 17.800 4065 PPB 17.940 0.040 265 17.91 25.79 1.56 25,521 4.529 3.543 4.230 4.200 7153 KOSSAN 4.210 -0.030 543.5 4.212 23.70 1.43 5,384.3
0.434 0.320 — — 7190 PPG 0.320 — — — 49.23 1.56 32.0 1.269 0.645 0.735 0.705 5843 KPS 0.715 0.025 2047.4 0.717 — 5.94 384.2
1.300 0.565 0.960 0.805 7168 PRG 0.955 0.170 9854.4 0.882 — — 346.7
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I 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)
0.565 0.470 — — 9121 KPSCB 0.475 — — — 9.30 — 70.2 6.382 4.486 5.240 5.180 5168 HARTA 5.240 0.040 1933.6 5.212 41.13 1.56 17,614.1
4.937 3.900 4.820 4.770 3476 KSENG 4.770 -0.030 14.2 4.793 22.75 2.10 1,724.2 5.950 4.517 5.770 5.640 5225 IHH 5.770 0.120 351.9 5.725 83.74 0.52 50,625.9
0.590 0.281 0.420 0.420 5192 KSSC 0.420 -0.010 2 0.420 — 1.19 40.3 4.529 3.543 4.230 4.200 7153 KOSSAN 4.210 -0.030 543.5 4.212 23.70 1.43 5,384.3
0.530 0.225 0.325 0.315 6874 KUB 0.315 -0.005 280.1 0.319 — 3.17 175.3 1.940 1.566 1.930 1.860 0002 KOTRA 1.900 0.050 32.5 1.891 11.79 3.89 273.8
0.400 0.220 — — 8362 KYM 0.295 — — — 38.31 — 44.2 1.112 0.865 0.925 0.900 5878 KPJ 0.920 0.020 2907.1 0.916 22.01 2.17 4,083.7
0.583 0.427 0.470 0.470 9326 LBALUM 0.470 UNCH 10 0.470 8.29 3.19 116.8 2.947 1.931 2.330 2.300 7081 PHARMA 2.320 UNCH 116.8 2.321 12.49 6.68 606.1
4.718 2.460 2.650 2.590 5284 LCTITAN 2.600 -0.020 211.4 2.605 15.36 6.54 6,000.3 0.135 0.075 0.075 0.075 0302 SMILE 0.075 -0.005 63.5 0.075 25.86 1.60 71.2
0.580 0.387 0.445 0.445 5232 LEONFB 0.445 -0.030 30 0.445 7.24 3.37 138.0 2.005 1.400 1.520 1.490 7106 SUPERMX 1.520 0.030 3159.9 1.507 16.10 2.39 2,067.7
0.250 0.100 0.200 0.180 8745 LEWEKO 0.185 0.005 695.4 0.189 — — 59.6 0.820 0.635 0.660 0.645 0101 TMCLIFE 0.645 0.005 716.2 0.650 34.13 0.28 1,123.5
0.160 0.085 — — 7170 LFECORP 0.125 — — — — — 25.6 6.246 4.260 4.370 4.260 7113 TOPGLOV 4.270 -0.020 3700.7 4.277 29.45 1.76 10,933.7
0.775 0.375 — — 8486 LIONFIB 0.385 — — — 9.67 — 89.2 0.545 0.228 — — 0301 TOPVISN 0.545 — — — 53.43 — 139.3
0.830 0.375 0.400 0.390 4235 LIONIND 0.395 UNCH 1496.1 0.397 — — 283.6 3.021 2.210 2.300 2.250 7178 YSPSAH 2.260 0.010 41.4 2.261 12.80 3.10 315.5
0.375 0.250 0.285 0.285 9881 LSTEEL 0.285 UNCH 5 0.285 — — 36.5 FINANCIAL SERVICES
0.095 0.065 0.075 0.070 5068 LUSTER 0.075 0.005 7157.5 0.075 12.71 — 148.2 4.248 2.570 2.820 2.720 2488 ABMB 2.820 0.120 3208.8 2.766 9.12 5.92 4,365.7
0.586 0.470 0.480 0.475 5143 LUXCHEM 0.480 UNCH 155.6 0.478 10.93 4.69 429.3 17.114 14.000 15.500 15.360 5139 AEONCR 15.400 0.120 84.6 15.406 13.62 2.90 3,905.4
2.775 2.191 — — 9199 LYSAGHT 2.390 — — — 11.52 2.93 99.4 2.378 1.930 1.950 1.940 5185 AFFIN 1.950 0.010 70.6 1.948 6.58 2.56 3,872.7
0.590 0.340 0.385 0.375 5098 MASTEEL 0.375 -0.005 1109.2 0.378 — — 160.4 14.980 11.361 14.000 13.800 1163 ALLIANZ 13.800 -0.160 18.6 13.847 7.28 2.90 2,441.0
1.480 0.560 1.430 1.350 7029 MASTER 1.420 0.070 1352.2 1.398 8.04 2.46 77.6 4.482 3.533 3.920 3.830 1015 AMBANK 3.840 -0.010 2170.5 3.863 7.46 5.21 11,574.5
1.400 0.873 1.200 1.180 5152 MBL 1.190 UNCH 51.5 1.192 6.96 3.78 127.1 1.058 0.780 — — 5088 APEX 0.800 — — — 15.97 — 170.9
0.750 0.435 — — 7004 MCEHLDG 0.615 — — — — — 27.3 4.750 3.252 4.150 4.050 5258 BIMB 4.120 0.030 452.4 4.111 9.37 3.76 7,268.8
4.570 1.800 2.820 2.800 3794 MCEMENT 2.810 -0.010 42.9 2.811 — — 2,387.6 7.538 5.817 6.150 6.100 1818 BURSA 6.150 0.070 627.9 6.122 25.52 3.58 4,972.3
0.190 0.090 0.130 0.125 3778 MELEWAR 0.130 0.005 28.8 0.130 1.56 — 46.7 5.749 4.802 4.950 4.890 1023 CIMB 4.920 0.060 7501.8 4.916 9.40 5.28 47,858.9
0.700 0.435 — — 5223 MENTIGA 0.555 — — — — — 38.9 0.340 0.230 0.250 0.240 2143 ECM 0.250 0.020 20 0.244 — — 120.0
1.738 1.487 — — 6149 METROD 1.520 — — — 26.30 3.95 182.4 1.700 1.088 1.650 1.630 5228 ELKDESA 1.640 UNCH 128.2 1.639 14.19 4.27 487.1
0.380 0.220 0.285 0.285 5001 MIECO 0.285 UNCH 63 0.285 — — 149.6 21.497 15.820 16.500 16.220 5819 HLBANK 16.500 0.280 1770 16.387 12.66 3.03 35,767.4
0.070 0.045 — — 7219 MINETEC 0.055 — — — — — 50.7 10.100 7.327 — — 5274 HLCAP 9.600 — — — 34.04 2.29 2,370.2
0.376 0.227 0.265 0.255 5576 MINHO 0.255 0.005 34.4 0.262 9.41 4.51 86.8 19.819 15.920 16.360 16.040 1082 HLFG 16.320 0.280 50.6 16.244 11.84 2.57 18,727.5
0.998 0.780 0.805 0.805 5916 MSC 0.805 -0.005 16 0.805 7.39 2.48 322.0 0.900 0.645 0.815 0.805 3379 INSAS 0.815 0.005 369.8 0.811 6.60 2.45 565.1
0.105 0.045 0.050 0.045 0043 MTRONIC 0.050 UNCH 3120.3 0.050 — — 56.6 0.115 0.065 0.075 0.075 3441 JOHAN 0.075 0.005 5 0.075 — — 46.7
2.147 1.457 1.540 1.530 3883 MUDA 1.530 -0.010 115.6 1.531 6.14 2.94 466.7 0.691 0.485 — — 6483 KENANGA 0.490 — — — 51.58 2.24 354.1
0.390 0.225 0.280 0.260 5087 MYCRON 0.280 0.015 56.5 0.269 — — 91.6 2.150 1.540 1.690 1.650 2186 KUCHAI 1.690 0.040 31 1.657 93.37 0.83 209.1
0.640 0.355 0.395 0.385 7241 NGGB 0.390 -0.005 1627.5 0.389 — — 196.6 16.288 14.641 15.500 15.440 8621 LPI 15.500 UNCH 16.1 15.470 19.07 4.45 6,174.9
0.145 0.060 0.095 0.090 5025 NWP 0.095 UNCH 191 0.093 — — 40.6 1.003 0.375 0.795 0.790 1198 MAA 0.790 -0.005 89 0.791 — 11.39 216.1
0.709 0.555 0.595 0.585 4944 NYLEX 0.595 0.005 65.7 0.588 — 3.36 115.6 2.850 2.244 — — 1058 MANULFE 2.480 — — — 16.08 2.82 501.9
0.745 0.539 0.650 0.645 7140 OKA 0.645 0.005 109.5 0.649 14.30 5.74 158.3 9.113 8.261 8.570 8.480 1155 MAYBANK 8.530 0.090 4910.9 8.533 11.72 6.68 95,888.8
1.171 0.858 0.910 0.900 5065 ORNA 0.900 UNCH 43 0.904 7.10 2.78 67.7 1.025 0.820 0.840 0.820 1171 MBSB 0.840 0.010 5748.6 0.832 12.32 5.95 5,639.3
0.075 0.045 0.055 0.055 7225 PA 0.055 UNCH 2340 0.055 22.00 — 102.9 1.290 0.845 1.090 1.080 6459 MNRB 1.090 UNCH 87.4 1.086 7.55 — 836.1
0.625 0.421 0.575 0.560 8419 PANSAR 0.565 UNCH 2616.2 0.569 44.14 1.77 261.0 1.200 0.985 1.100 1.090 5237 MPHBCAP 1.100 -0.010 36 1.100 22.27 — 786.5
0.591 0.391 0.500 0.495 5125 PANTECH 0.500 UNCH 732.9 0.500 8.42 3.96 375.3 0.975 0.922 0.975 0.970 6009 P&O 0.975 UNCH 18 0.971 — 5.98 279.8
9.845 6.750 7.330 7.220 5183 PCHEM 7.280 0.050 2397 7.283 12.99 3.98 58,240.0 24.390 19.080 19.240 19.120 1295 PBBANK 19.160 0.080 1673.4 19.175 13.46 3.65 74,381.8
1.300 0.651 1.200 1.190 5271 PECCA 1.200 UNCH 136.5 1.195 13.26 4.58 225.6 1.667 1.304 1.550 1.520 9296 RCECAP 1.550 0.020 177.9 1.537 5.49 5.81 571.8
4.879 4.175 4.600 4.600 5436 PERSTIM 4.600 0.120 2 4.600 11.27 6.52 456.8 5.833 4.824 5.730 5.650 1066 RHBBANK 5.690 0.070 2714.1 5.679 9.56 4.48 22,817.2
1.530 0.950 1.390 1.340 5219 PESTECH 1.340 -0.030 502.5 1.353 12.77 — 1,024.2 0.665 0.537 0.625 0.620 4898 TA 0.620 -0.010 162.8 0.622 — 6.61 1,061.4
19.386 14.596 16.700 16.400 6033 PETGAS 16.680 0.280 179.5 16.585 17.97 4.32 33,005.2 7.180 3.348 6.280 6.060 6139 TAKAFUL 6.200 -0.100 1303.3 6.189 14.53 2.42 5,126.1
7.580 4.930 5.080 4.970 3042 PETRONM 4.970 0.010 172.7 4.997 7.72 4.02 1,341.9 0.765 0.502 0.580 0.550 5230 TUNEPRO 0.580 0.030 1635.6 0.567 8.87 5.17 436.0
1.200 0.880 0.960 0.960 3611 PGLOBE 0.960 0.010 3 0.960 171.43 — 179.2 PROPERTY
0.160 0.090 0.115 0.115 7201 PICORP 0.115 0.005 56.2 0.115 63.89 4.35 75.7 0.300 0.225 — — 7131 ACME 0.240 — — — 5.99 — 57.3
1.703 1.070 1.390 1.370 7095 PIE 1.390 0.010 340.6 1.378 14.15 1.73 533.8 0.587 0.450 0.475 0.475 1007 AMPROP 0.475 UNCH 11.7 0.475 12.24 6.32 348.1
0.325 0.100 — — 7163 PJBUMI 0.160 — — — 12.50 — 13.1 1.280 0.870 1.140 1.120 5959 AMVERTON 1.120 UNCH 56.9 1.127 5.80 — 408.9
4.254 3.040 3.200 3.170 7172 PMBTECH 3.170 0.010 5.9 3.189 53.46 0.63 664.4 0.650 0.270 — — 7007 ARK 0.270 — — — — — 13.1
4.963 3.958 4.750 4.670 8869 PMETAL 4.710 0.030 1372.4 4.703 35.41 1.27 19,019.5 0.170 0.110 0.120 0.115 4057 ASIAPAC 0.120 UNCH 242.1 0.118 3.56 — 124.5
0.570 0.450 0.540 0.535 6637 PNEPCB 0.535 UNCH 408.1 0.535 — — 70.4 4.956 4.000 — — 2305 AYER 4.000 — — — 19.54 1.25 299.4
0.480 0.260 0.340 0.340 8117 POLY 0.340 -0.050 4 0.340 10.79 — 54.4 0.385 0.220 0.265 0.250 6602 BCB 0.260 0.015 48 0.259 2.66 — 107.3
0.690 0.390 0.645 0.620 8273 PPHB 0.640 0.015 47.5 0.630 5.86 — 120.7 0.585 0.285 — — 6173 BDB 0.340 — — — — — 103.3
0.778 0.400 0.410 0.405 9873 PRESTAR 0.410 0.005 58.2 0.407 — 3.66 84.0 0.300 0.110 — — 9814 BERTAM 0.185 — — — — — 38.2
0.080 0.035 0.055 0.050 7123 PWORTH 0.055 UNCH 11288 0.055 — — 225.2 0.340 0.245 0.300 0.295 3239 BJASSET 0.300 -0.005 190.1 0.298 — — 767.4
0.850 0.710 — — 7544 QUALITY 0.800 — — — — — 46.4 1.580 1.090 — — 5738 CHHB 1.380 — — — 4.20 — 380.5
0.310 0.190 — — 7498 RALCO 0.230 — — — — — 10.6 1.405 1.150 1.200 1.200 6718 CRESNDO 1.200 0.010 21 1.200 8.58 5.00 336.6
0.460 0.165 0.200 0.190 5256 REACH 0.195 0.005 2432.1 0.194 — — 213.8 1.590 1.108 — — 5049 CVIEW 1.310 — — — 1.72 3.82 131.0
0.350 0.241 0.320 0.315 7232 RESINTC 0.315 UNCH 169 0.320 10.36 7.94 43.2 0.565 0.220 0.415 0.400 3484 DBHD 0.415 0.010 99.4 0.400 5.70 — 132.1
0.245 0.120 0.140 0.140 9954 RGTBHD 0.140 UNCH 299 0.140 13.33 — 80.8 0.095 0.050 0.055 0.055 7198 DPS 0.055 -0.005 364.9 0.055 — — 32.3
0.992 0.491 0.530 0.525 9741 ROHAS 0.525 UNCH 653.6 0.526 15.91 4.76 248.1 1.212 0.640 0.670 0.665 3417 E&O 0.670 0.005 461.4 0.669 17.40 4.48 976.2
0.565 0.412 0.565 0.540 7803 RUBEREX 0.565 0.015 49.2 0.540 22.33 3.54 142.5 0.350 0.285 0.345 0.340 3557 ECOFIRS 0.345 0.005 117.8 0.341 12.19 — 279.0
3.925 3.531 3.800 3.560 5134 SAB 3.560 UNCH 4 3.577 24.86 1.40 487.5 1.130 0.625 0.670 0.650 8206 ECOWLD 0.655 UNCH 9517 0.660 10.12 — 1,928.6
8.640 6.949 8.200 8.000 9822 SAM 8.100 0.050 4.1 8.089 13.83 2.15 1,094.9 0.480 0.270 — — 6076 ENCORP 0.290 — — — — — 88.9
0.831 0.550 0.580 0.575 5147 SAMCHEM 0.580 0.010 177.7 0.577 7.73 5.17 157.8 1.998 0.882 — — 8613 ENRA 1.200 — — — — 2.50 163.4
0.784 0.654 0.710 0.700 7811 SAPIND 0.710 UNCH 3.1 0.707 11.08 7.04 51.7 0.785 0.550 0.635 0.630 6815 EUPE 0.630 -0.005 94 0.633 2.40 — 80.6
0.510 0.205 0.240 0.230 5170 SCABLE 0.235 -0.010 104.6 0.233 — — 74.5 0.735 0.491 0.660 0.630 7249 EWEIN 0.630 -0.020 2039.4 0.644 4.16 0.79 190.0
1.350 0.760 1.260 1.190 7247 SCGM 1.250 0.070 1857.5 1.231 — 1.00 242.0 0.985 0.600 0.775 0.760 5283 EWINT 0.775 0.020 1452.2 0.770 13.41 — 1,860.0
1.270 0.300 1.170 1.090 9237 SCIB 1.160 0.060 248.4 1.121 — — 99.6 0.400 0.325 0.340 0.330 6041 FARLIM 0.340 UNCH 113.6 0.338 — — 57.3
1.743 0.733 0.925 0.910 0099 SCICOM 0.920 0.005 1924.1 0.918 16.17 5.98 327.0 0.409 0.345 0.365 0.355 5020 GLOMAC 0.365 UNCH 106.5 0.364 16.67 2.19 292.0
9.300 7.998 9.300 8.970 4731 SCIENTX 9.090 -0.140 635.1 9.121 13.72 2.20 4,683.7 0.350 0.235 — — 9962 GMUTUAL 0.255 — — — 16.24 1.96 95.8
0.225 0.105 0.140 0.140 7239 SCNWOLF 0.140 UNCH 17.6 0.140 — — 13.5 0.205 0.155 0.200 0.185 1147 GOB 0.195 0.005 183.7 0.188 — — 88.7
0.400 0.155 0.205 0.195 7073 SEACERA 0.205 0.005 11234.5 0.201 — — 98.5 0.220 0.135 0.175 0.175 7077 GSB 0.175 UNCH 39.4 0.175 159.09 — 96.7
0.495 0.090 0.455 0.440 5145 SEALINK 0.445 -0.010 2465.7 0.445 — — 222.5 0.829 0.645 0.660 0.650 1503 GUOCO 0.655 0.005 61 0.653 — 3.05 458.8
0.550 0.180 0.550 0.510 5163 SEB 0.525 0.025 433.5 0.526 — — 42.0 1.300 1.200 1.240 1.220 7105 HCK 1.230 UNCH 215.1 1.231 47.13 — 520.6
0.990 0.781 0.925 0.925 5181 SIGGAS 0.925 UNCH 18.3 0.925 82.59 0.54 173.4 0.715 0.520 — — 7010 HOOVER 0.530 — — — — — 21.2
0.690 0.410 — — 7115 SKBSHUT 0.500 — — — 6.30 — 20.0 0.465 0.300 0.340 0.335 5062 HUAYANG 0.340 0.005 180.7 0.338 — — 119.7
1.390 0.912 1.130 1.080 7155 SKPRES 1.120 0.050 2478 1.115 15.66 3.43 1,400.2 0.452 0.280 0.300 0.295 4251 IBHD 0.300 0.005 184.7 0.295 10.91 5.83 304.4
1.420 0.809 1.300 1.230 7248 SLP 1.250 -0.040 102.2 1.245 15.66 4.40 396.2 0.734 0.147 0.535 0.530 5084 IBRACO 0.530 -0.005 102.8 0.532 8.13 4.25 263.1
0.530 0.330 — — 7132 SMISCOR 0.370 — — — — — 16.6 1.530 0.990 1.410 1.390 9687 IDEAL 1.390 0.010 168 1.391 4.28 0.72 644.6
1.260 0.720 0.875 0.830 5665 SSTEEL 0.850 -0.025 307.5 0.846 — 4.12 368.6 2.868 2.176 2.790 2.790 5606 IGBB 2.790 UNCH 2 2.790 7.85 0.36 1,924.6
0.800 0.390 0.395 0.395 6904 SUBUR 0.395 0.005 5 0.395 — — 82.6 1.685 1.081 1.150 1.130 5249 IOIPG 1.140 0.010 1240.2 1.141 9.49 2.63 6,277.0
1.053 0.489 0.905 0.885 7207 SUCCESS 0.885 -0.010 343 0.894 13.79 3.05 220.6 0.265 0.175 0.180 0.180 5175 IVORY 0.180 UNCH 25 0.180 — 13.89 88.2
1.720 1.280 1.700 1.680 5211 SUNWAY 1.680 UNCH 4300.9 1.684 12.02 2.93 8,289.0 1.320 0.365 0.960 0.920 1589 IWCITY 0.920 0.010 13325.8 0.934 — — 770.4
1.370 0.740 0.965 0.940 7235 SUPERLN 0.955 -0.010 1062.8 0.949 15.28 2.41 152.8 0.360 0.250 0.320 0.320 8923 JIANKUN 0.320 UNCH 100 0.320 26.45 — 53.4
2.005 1.400 1.520 1.490 7106 SUPERMX 1.520 0.030 3159.9 1.507 16.10 2.39 2,067.7 0.090 0.070 0.070 0.070 6769 JKGLAND 0.070 UNCH 52.5 0.070 17.07 1.43 159.2
0.360 0.180 0.240 0.235 5149 TAS 0.235 UNCH 13.8 0.240 10.35 — 42.3 0.125 0.075 0.105 0.105 3115 KBUNAI 0.105 UNCH 744.9 0.105 116.67 — 606.5
6.800 4.050 5.350 5.350 4448 TASEK 5.350 -0.010 2 5.350 — — 661.4 0.761 0.537 — — 7323 KEN 0.580 — — — — 2.59 111.2
0.235 0.100 0.115 0.105 7097 TAWIN 0.110 UNCH 1505.9 0.110 28.21 — 39.3 0.960 0.675 0.785 0.770 5038 KSL 0.785 0.010 752.1 0.776 3.28 — 814.4
0.992 0.642 0.700 0.695 5289 TECHBND 0.700 UNCH 58.7 0.700 22.73 — 161.0 0.159 0.122 0.150 0.140 3174 L&G 0.145 UNCH 523.5 0.145 10.00 6.90 431.1
0.800 0.365 0.415 0.400 8702 TEXCHEM 0.400 -0.035 43.9 0.411 — 25.00 49.6 0.784 0.416 0.645 0.645 8494 LBICAP 0.645 UNCH 9 0.645 5.13 7.75 65.5
2.950 2.004 2.920 2.840 7034 TGUAN 2.860 0.040 364.9 2.867 7.68 2.80 524.2 0.717 0.485 0.505 0.490 5789 LBS 0.495 0.005 864.5 0.496 11.07 3.64 775.7
1.399 0.983 — — 7374 TIENWAH 1.230 — — — — 6.50 178.0 0.350 0.220 0.250 0.250 3573 LIENHOE 0.250 -0.005 92.5 0.250 — — 90.4
0.680 0.396 — — 7854 TIMWELL 0.570 — — — 8.48 3.51 50.8 1.250 0.800 0.930 0.930 7617 MAGNA 0.930 -0.005 3 0.930 — — 311.5
0.735 0.430 0.510 0.505 7285 TOMYPAK 0.505 -0.005 291.8 0.506 — 0.59 212.0 0.997 0.745 0.805 0.775 8583 MAHSING 0.785 0.025 5511.4 0.793 12.76 5.73 1,905.7
4.066 2.470 2.530 2.500 5010 TONGHER 2.500 UNCH 210.7 2.505 10.68 8.00 393.6 0.695 0.390 0.490 0.475 6181 MALTON 0.480 UNCH 1115.4 0.482 9.43 4.17 253.5
6.246 4.260 4.370 4.260 7113 TOPGLOV 4.270 -0.020 3700.7 4.277 29.45 1.76 10,933.7 1.959 1.720 1.900 1.890 5236 MATRIX 1.900 0.020 100.7 1.894 6.45 6.45 1,563.3
1.009 0.558 — — 7173 TOYOINK 0.640 — — — 17.98 3.13 68.5 1.827 1.360 1.610 1.610 7189 MBWORLD 1.610 0.010 3 1.610 5.27 5.03 253.4
0.814 0.543 — — 5167 TURBO 0.645 — — — 13.22 3.10 69.7 0.770 0.195 0.215 0.205 5182 MCT 0.205 -0.005 224.7 0.209 4.33 — 298.7
2.963 2.303 2.780 2.660 7100 UCHITEC 2.680 -0.100 1352.4 2.709 16.36 5.22 1,208.4 0.480 0.290 0.335 0.305 1694 MENANG 0.310 0.005 37.4 0.316 — — 149.0
0.800 0.385 0.500 0.490 7133 ULICORP 0.495 UNCH 42 0.492 — — 107.8 0.420 0.065 0.065 0.065 5040 MERIDIAN 0.065 UNCH 361 0.065 — — 34.0
2.494 1.820 — — 7137 UMS 1.880 — — — 24.80 3.19 76.5 0.320 0.180 0.225 0.210 8141 MJPERAK 0.215 0.005 141.5 0.218 14.24 — 55.3
1.068 0.850 — — 7227 UMSNGB 0.880 — — — 11.52 3.41 70.4 1.410 1.110 1.220 1.210 6114 MKH 1.220 0.020 154 1.217 9.15 2.87 715.6
1.450 0.905 1.260 1.260 7091 UNIMECH 1.260 0.010 65.9 1.260 9.78 3.02 200.0 0.210 0.160 0.170 0.165 8893 MKLAND 0.170 0.005 71.3 0.169 32.69 — 205.2
0.575 0.280 — — 4995 VERSATL 0.315 — — — — — 44.7 0.165 0.070 — — 6548 MPCORP 0.090 — — — — — 25.9
1.618 0.610 1.310 1.280 6963 VS 1.300 0.010 6303.8 1.293 14.71 2.77 2,410.3 1.125 0.558 0.770 0.730 1651 MRCB 0.735 -0.025 6446.6 0.746 90.74 2.38 3,242.9
1.010 0.595 0.860 0.790 5142 WASEONG 0.855 0.070 8031.3 0.827 12.21 — 662.5 0.540 0.350 — — 9539 MUH 0.400 — — — — — 22.6
0.950 0.365 — — 7226 WATTA 0.500 — — — — — 42.2 0.260 0.160 0.175 0.170 3913 MUIPROP 0.175 0.005 761.3 0.171 7.61 — 133.7
1.277 1.068 1.170 1.160 7231 WELLCAL 1.170 0.020 121 1.161 15.77 4.79 582.6 1.440 0.430 1.100 0.995 5073 NAIM 1.050 0.040 29353.1 1.050 3.21 — 539.5
0.700 0.460 — — 7692 WIDETEC 0.565 — — — 17.49 — 25.3 2.187 1.907 — — 5827 OIB 2.100 — — — 5.72 3.81 325.2
0.824 0.425 0.490 0.435 7050 WONG 0.455 -0.045 102.1 0.448 16.61 3.30 52.1 0.990 0.792 0.960 0.950 5053 OSK 0.960 0.010 444 0.956 5.11 5.21 2,011.5
0.830 0.540 — — 7025 WOODLAN 0.600 — — — 61.22 — 24.0 1.752 1.261 1.320 1.310 1724 PARAMON 1.310 -0.010 428.6 1.311 10.21 4.80 794.8
1.700 1.020 — — 5009 WTHORSE 1.140 — — — — — 273.6 0.460 0.300 0.355 0.350 6912 PASDEC 0.350 -0.010 13 0.352 — — 140.1
0.696 0.404 0.470 0.450 4243 WTK 0.470 0.015 294 0.463 — 3.19 226.2 0.015 0.005 0.010 0.005 4464 PHB 0.010 UNCH 1140 0.010 — — 72.0
0.410 0.160 0.275 0.250 7245 WZSATU 0.270 0.005 7189.1 0.262 — — 125.6 1.580 0.980 — — 7055 PLB 1.070 — — — 109.18 — 120.3
0.695 0.530 0.600 0.600 5048 YILAI 0.600 UNCH 50 0.600 — — 87.3 1.580 1.300 1.340 1.320 5075 PLENITU 1.340 0.020 25.5 1.326 12.18 3.36 511.3
0.205 0.090 0.100 0.100 7020 YKGI 0.100 UNCH 293.3 0.100 — — 35.1 6.100 5.210 6.030 5.980 7765 RAPID 6.030 0.050 82.6 6.002 192.65 — 644.6
0.335 0.200 0.205 0.205 7014 YLI 0.205 UNCH 10 0.205 — — 21.1 0.840 0.540 — — 4596 SAPRES 0.540 — — — — — 75.4
CONSTRUCTION 0.550 0.380 — — 5207 SBCCORP 0.415 — — — 6.88 2.41 107.1
0.485 0.241 0.455 0.425 5281 ADVCON 0.445 0.020 8477.9 0.444 18.09 2.25 179.3 0.732 0.582 0.600 0.595 2224 SDRED 0.595 UNCH 64 0.599 9.93 3.36 253.5
1.590 1.270 1.590 1.270 5293 AME 1.550 0.250 49751 1.436 — — 662.0 0.400 0.285 0.310 0.295 4286 SEAL 0.310 UNCH 11.3 0.295 3.71 — 75.3
0.575 0.274 0.380 0.370 7078 AZRB 0.380 0.010 455 0.374 27.94 2.34 227.2 2.426 2.038 2.290 2.270 6017 SHL 2.270 -0.020 21.9 2.284 9.69 7.05 549.6
0.230 0.140 0.145 0.140 5190 BENALEC 0.145 UNCH 129 0.143 — — 125.0 1.185 0.781 0.830 0.800 5288 SIMEPROP 0.805 -0.010 6761.5 0.808 36.76 2.48 5,474.7
0.295 0.120 0.125 0.120 5932 BPURI 0.125 UNCH 310 0.123 113.64 — 47.8 0.215 0.130 0.135 0.135 4375 SMI 0.135 UNCH 2 0.135 42.19 — 28.3
0.800 0.706 0.790 0.790 8761 BREM 0.790 UNCH 100 0.790 15.05 5.06 272.9 0.495 0.190 0.210 0.205 5213 SNTORIA 0.210 UNCH 1176.7 0.210 11.17 — 119.1
1.156 0.755 0.950 0.940 8591 CRESBLD 0.950 UNCH 66.8 0.944 2.49 4.74 168.1 2.562 1.310 1.380 1.320 8664 SPSETIA 1.330 0.010 4000.8 1.342 23.46 6.43 5,376.5
1.808 1.572 — — 7528 DKLS 1.700 — — — 34.55 1.76 157.6 0.950 0.580 0.650 0.650 3743 SUNSURIA 0.650 -0.030 65.1 0.650 3.73 — 582.3
0.880 0.360 0.775 0.740 5253 ECONBHD 0.755 0.015 23005 0.761 39.74 2.12 1,009.8 0.439 0.312 0.390 0.380 1538 SYMLIFE 0.385 0.005 101.9 0.386 1.87 2.60 227.3
1.040 0.411 0.845 0.815 8877 EKOVEST 0.815 0.005 31845 0.827 12.83 1.23 2,163.7 0.330 0.190 0.290 0.270 4022 TADMAX 0.285 0.010 3014.4 0.281 12.13 — 223.4
0.520 0.300 0.375 0.365 7047 FAJAR 0.365 -0.010 299.5 0.369 9.46 4.11 136.5 0.264 0.222 0.235 0.225 5158 TAGB 0.225 -0.005 1081 0.230 23.44 7.11 1,197.4
0.960 0.475 0.695 0.670 9261 GADANG 0.675 -0.005 4093.1 0.680 10.14 1.78 491.4 0.055 0.025 0.035 0.030 2259 TALAMT 0.030 -0.005 764.1 0.034 8.82 — 128.9
3.978 1.918 3.810 3.740 5398 GAMUDA 3.770 0.020 4271.6 3.768 13.18 3.18 9,323.8 0.806 0.666 0.745 0.740 5191 TAMBUN 0.745 0.010 81.5 0.743 6.36 6.58 322.9
1.540 0.658 1.300 1.260 5226 GBGAQRS 1.280 -0.030 816.5 1.274 13.02 3.06 633.1 0.085 0.040 0.055 0.055 2429 TANCO 0.055 UNCH 1670.7 0.055 — — 44.4
1.354 0.703 1.120 1.050 3204 GKENT 1.060 -0.010 2589.6 1.082 8.91 — 597.1 0.280 0.175 0.185 0.185 7889 THRIVEN 0.185 UNCH 170.3 0.185 3.50 — 101.2
0.695 0.280 0.515 0.505 5169 HOHUP 0.505 -0.010 354.9 0.510 8.02 — 189.3 0.100 0.030 0.050 0.050 7079 TIGER 0.050 UNCH 1101 0.050 250.00 — 64.6
1.575 1.262 1.340 1.330 6238 HSL 1.330 UNCH 29 1.331 12.98 1.80 775.0 0.345 0.285 0.295 0.290 5239 TITIJYA 0.295 UNCH 1001.9 0.293 11.35 0.85 397.0
2.510 1.361 2.300 2.240 3336 IJM 2.270 UNCH 1294.3 2.266 19.72 1.76 8,261.2 0.868 0.754 0.835 0.825 5401 TROP 0.830 UNCH 138.1 0.830 7.24 3.25 1,220.4
0.290 0.070 0.090 0.085 5268 IKHMAS 0.085 -0.005 1527.8 0.086 — — 50.0 1.020 0.620 0.685 0.670 5148 UEMS 0.670 0.005 900.7 0.678 27.24 — 3,040.1
0.630 0.444 — — 8834 IREKA 0.490 — — — — 4.08 91.5 2.350 1.733 2.010 1.980 5200 UOADEV 2.010 0.040 395.6 1.999 8.93 6.97 3,954.0
1.030 0.405 1.020 0.925 4723 JAKS 0.990 0.055 39548 0.976 11.53 — 636.7 0.170 0.070 0.080 0.075 6378 WMG 0.080 UNCH 7.6 0.078 — — 34.1
1.490 0.975 1.390 1.330 7161 KERJAYA 1.370 UNCH 101.1 1.370 11.98 2.55 1,701.5 0.995 0.650 0.850 0.850 7003 Y&G 0.850 UNCH 1.2 0.850 21.79 — 169.5
1.460 0.972 1.260 1.220 5171 KIMLUN 1.250 0.040 113.4 1.240 6.02 2.96 424.8 2.800 1.040 2.500 2.460 3158 YNHPROP 2.500 0.020 21.4 2.495 66.14 — 1,322.5
1.060 0.735 — — 9628 LEBTECH 0.900 — — — — — 122.8 0.705 0.165 0.175 0.165 7066 YONGTAI 0.170 UNCH 922.2 0.170 — — 117.2
0.622 0.360 — — 5129 MELATI 0.390 — — — 52.00 2.56 46.8 0.420 0.265 0.290 0.280 2577 YTLLAND 0.285 0.005 1700.6 0.283 — — 240.6
1.010 0.680 — — 8192 MERCURY 0.745 — — — 7.70 — 29.9 TRANSPORTATION & LOGISTICS
1.810 0.420 — — 5006 MERGE 0.920 — — — — — 61.6 8.860 6.481 8.840 8.660 5014 AIRPORT 8.740 UNCH 1298 8.762 32.32 1.60 14,501.3
0.895 0.605 0.630 0.625 7595 MGB 0.625 -0.010 22 0.627 16.23 — 311.2 1.400 1.120 1.280 1.260 8133 BHIC 1.280 UNCH 10.8 1.264 — 2.73 318.0
0.432 0.216 0.280 0.275 9571 MITRA 0.275 -0.005 235 0.278 — 5.45 246.4 4.962 3.550 3.980 3.950 5032 BIPORT 3.950 -0.030 18 3.955 11.18 4.05 1,817.0
0.250 0.115 0.165 0.165 5924 MTDACPI 0.165 UNCH 0.1 0.165 — — 38.2 0.425 0.265 — — 7187 CHGP 0.275 — — — 39.86 — 81.7
0.455 0.180 0.185 0.180 5085 MUDAJYA 0.185 UNCH 134 0.185 — — 112.0 0.600 0.360 0.410 0.395 7117 CJCEN 0.395 UNCH 225 0.398 — 1.90 155.7
3.108 2.330 2.430 2.360 5703 MUHIBAH 2.390 0.010 35.3 2.384 8.25 3.14 1,159.5 0.930 0.449 0.700 0.690 5136 COMPLET 0.700 0.015 38.6 0.692 9.07 — 88.9
0.370 0.220 0.270 0.260 7071 OCR 0.270 0.005 1376.1 0.267 — — 88.6 0.570 0.310 0.415 0.405 5259 EATECH 0.405 -0.005 386.9 0.410 — — 204.1
0.900 0.730 0.795 0.790 5622 PEB 0.795 UNCH 38.1 0.795 — — 55.0 0.718 0.497 0.615 0.610 7210 FREIGHT 0.610 -0.005 15.3 0.614 12.53 5.74 170.3
0.269 0.163 0.225 0.220 8311 PESONA 0.225 -0.010 635.8 0.224 13.64 4.44 156.4 0.410 0.255 0.290 0.280 0078 GDEX 0.285 0.005 1772.1 0.285 48.31 0.70 1,607.8
0.361 0.183 0.265 0.255 5070 PRTASCO 0.255 0.005 405 0.260 — 2.35 126.3 0.420 0.265 0.325 0.315 7676 GUNUNG 0.325 0.010 10 0.315 — — 76.8
0.170 0.095 0.105 0.100 7145 PSIPTEK 0.105 UNCH 1853.1 0.105 12.35 — 45.6 0.760 0.560 0.610 0.600 2062 HARBOUR 0.610 -0.025 6.7 0.600 10.57 1.64 244.2
3.430 1.986 3.300 3.270 9598 PTARAS 3.290 0.040 47.3 3.287 20.85 6.08 545.7 0.065 0.030 0.050 0.045 7013 HUBLINE 0.050 UNCH 330 0.046 38.46 — 191.0
0.500 0.255 0.275 0.265 6807 PUNCAK 0.265 -0.010 299.3 0.270 — 1.89 119.1 0.540 0.270 0.345 0.340 5614 ILB 0.345 0.005 34.9 0.344 — — 67.3
0.800 0.375 0.395 0.390 5205 SENDAI 0.390 0.005 515.4 0.390 5.53 — 304.6 4.891 3.516 4.870 4.740 6645 LITRAK 4.810 0.150 941.5 4.815 10.21 5.20 2,553.6
2.156 1.246 2.040 2.010 5263 SUNCON 2.020 0.020 263 2.021 19.02 3.47 2,611.7 0.110 0.055 0.070 0.070 5078 M&G 0.070 -0.005 130 0.070 — — 50.7
0.285 0.210 0.225 0.225 9717 SYCAL 0.225 -0.005 95.9 0.225 66.18 — 93.7 0.785 0.410 0.720 0.690 5077 MAYBULK 0.695 -0.010 1514.3 0.701 1.69 — 695.0
0.741 0.431 0.520 0.495 5054 TRC 0.500 UNCH 1699.5 0.505 7.86 3.80 240.2 8.630 5.244 8.630 8.300 3816 MISC 8.400 0.120 4539.8 8.502 23.60 3.57 37,495.9
0.595 0.295 — — 5042 TSRCAP 0.370 — — — — — 64.5 1.250 0.780 1.060 1.040 2194 MMCCORP 1.040 -0.010 537.4 1.044 11.27 3.85 3,166.9
0.895 0.180 — — 0301 UNIWALL 0.895 — — — 32.31 0.02 327.3 0.360 0.160 0.165 0.160 9806 NATWIDE 0.160 -0.020 20 0.161 — — 19.7
1.170 0.800 0.900 0.880 7070 VIZIONE 0.880 -0.020 883.9 0.885 7.47 — 494.8 0.045 0.025 0.035 0.030 6254 PDZ 0.035 0.005 3772.4 0.030 — — 23.9
0.710 0.420 0.485 0.420 3565 WCEHB 0.425 -0.060 3241.9 0.444 20.94 — 426.2 3.340 1.191 1.730 1.670 4634 POS 1.690 -0.020 1054.2 1.701 — 2.37 1,322.9
1.220 0.647 0.960 0.925 9679 WCT 0.930 -0.025 838.1 0.936 14.72 3.16 1,318.8 0.595 0.295 — — 8346 PRKCORP 0.350 — — — — — 35.0
0.410 0.150 0.330 0.315 7028 ZECON 0.320 0.005 1896.5 0.323 — — 46.1 0.495 0.090 0.455 0.440 5145 SEALINK 0.445 -0.010 2465.7 0.445 — — 222.5
0.125 0.025 0.080 0.075 2283 ZELAN 0.080 0.005 374.6 0.075 — — 67.6 0.980 0.795 — — 7053 SEEHUP 0.810 — — — — 3.89 65.1
HEALTH CARE 1.500 1.176 1.430 1.400 6521 SURIA 1.420 UNCH 19.3 1.401 9.96 3.82 491.1
0.605 0.350 — — 7191 ADVENTA 0.525 — — — — — 80.2 0.345 0.225 0.240 0.235 5173 SYSCORP 0.240 0.005 10 0.236 — — 288.0
2.404 1.950 2.270 2.200 7090 AHEALTH 2.250 UNCH 203.5 2.243 18.75 1.53 1,061.4 0.360 0.180 0.240 0.235 5149 TAS 0.235 UNCH 13.8 0.240 10.35 — 42.3
1.480 0.898 1.400 1.370 7148 DPHARMA 1.380 -0.020 347.3 1.385 16.65 3.62 938.5 1.692 0.968 1.070 1.070 5140 TASCO 1.070 -0.010 8 1.070 23.06 4.67 214.0
0.935 0.420 0.495 0.480 8397 TNLOGIS 0.480 -0.015 257.6 0.487 — — 221.2
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
TUES DAY O CTOBE R 1 5 , 20 1 9 • 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)
1.150 0.430 0.500 0.500 7218 TOCEAN 0.500 UNCH 1.4 0.500 — — 20.5 0.970 0.495 0.945 0.905 5186 MHB 0.920 0.020 1730.2 0.923 — — 1,472.0
4.300 3.172 4.290 4.170 5246 WPRTS 4.190 0.010 5085.4 4.205 24.05 3.12 14,287.9 1.580 0.334 1.560 1.460 5133 PENERGY 1.500 -0.010 906.1 1.515 49.02 1.33 482.6
0.921 0.243 0.505 0.485 5267 XINHWA 0.485 UNCH 3035 0.494 36.19 2.06 104.8 0.540 0.175 0.370 0.335 7108 PERDANA 0.355 0.015 31377 0.357 — — 276.4
PLANTATION 0.040 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3
0.210 0.110 — — 7054 AASIA 0.110 — — — — — 72.6 7.580 4.930 5.080 4.970 3042 PETRONM 4.970 0.010 172.7 4.997 7.72 4.02 1,341.9
17.332 15.400 15.700 15.700 1899 BKAWAN 15.700 -0.040 1 15.700 18.51 3.50 6,844.4 0.460 0.165 0.200 0.190 5256 REACH 0.195 0.005 2432.1 0.194 — — 213.8
7.540 5.700 — — 5069 BLDPLNT 5.720 — — — — — 534.8 0.398 0.251 0.275 0.265 5218 SAPNRG 0.265 -0.005 107441 0.269 — — 4,234.5
1.069 0.610 0.625 0.610 5254 BPLANT 0.625 UNCH 168.2 0.616 49.60 8.80 1,400.0 0.145 0.040 0.080 0.070 7158 SCOMI 0.070 -0.005 9133.2 0.074 — — 76.6
0.736 0.490 0.505 0.500 8982 CEPAT 0.505 -0.005 33.8 0.505 — 2.97 160.8 0.140 0.030 0.100 0.085 7045 SCOMIES 0.090 -0.010 11787 0.089 — — 210.8
6.986 6.030 6.300 6.300 1929 CHINTEK 6.300 UNCH 1 6.300 15.44 2.54 575.6 4.529 3.453 4.350 4.250 5279 SERBADK 4.250 UNCH 1810 4.279 14.22 2.11 6,241.1
0.499 0.394 0.420 0.405 3948 DUTALND 0.420 0.010 133.1 0.410 155.5 — 355.4 0.045 0.005 0.015 0.010 1201 SUMATEC 0.010 -0.005 9209.5 0.010 — — 42.5
2.976 2.501 2.690 2.680 5029 FAREAST 2.680 0.030 82 2.683 — 1.12 1,591.5 0.579 0.297 0.465 0.450 7228 T7GLOBAL 0.455 UNCH 250.3 0.454 50.00 1.10 228.2
1.440 0.630 1.050 0.980 5222 FGV 1.030 0.030 12070 1.019 — — 3,757.6 0.075 0.025 0.070 0.060 7206 THHEAVY 0.065 0.005 8967.5 0.065 0.67 — 72.9
10.631 8.935 10.000 9.720 2291 GENP 9.840 -0.180 224.6 9.821 79.29 1.19 8,830.0 1.380 0.550 1.080 0.995 7250 UZMA 1.050 0.065 30791.1 1.045 11.31 — 336.0
0.450 0.335 0.420 0.420 7382 GLBHD 0.420 UNCH 3 0.420 — — 93.6 0.340 0.165 0.340 0.320 5243 VELESTO 0.330 0.010 40597.7 0.332 — — 2,711.1
0.747 0.530 — — 2135 GOPENG 0.710 — — — 47.33 3.52 191.0 1.010 0.595 0.860 0.790 5142 WASEONG 0.855 0.070 8031.3 0.827 12.21 — 662.5
0.800 0.340 — — 7501 HARNLEN 0.615 — — — — — 114.1 7.208 4.018 — — 7293 YINSON 6.840 — — — 39.15 0.88 7,483.0
2.139 1.400 1.470 1.450 5138 HSPLANT 1.470 -0.010 200.1 1.468 119.51 1.02 1,176.0
2.270 1.283 1.500 1.500 2216 IJMPLNT 1.500 0.010 137.1 1.500 — 1.33 1,320.9
0.694 0.550 — — 2607 INCKEN 0.610 — — — — 1.75 256.7
0.798 0.580 0.620 0.590 6262 INNO 0.620 0.020 22 0.595 62.63 1.61 296.9
4.698 4.064 4.250 4.180 1961 IOICORP 4.200 -0.010 1638.3 4.207 41.79 1.90 26,395.5
0.685 0.430 0.505
25.611 20.900 21.540 21.340
3.854 3.100 3.350
0.495

3.350
4383
2445
2453
JTIASA
KLK
KLUANG
0.505
21.420
3.350
0.015
0.020
-0.020
582.1
494.4
1.1
0.500 —
21.43 41.89
3.350 —
0.99
2.10
0.30
491.7
22,866.0
211.6
Ace Market
1.276 1.080 — — 5027 KMLOONG 1.160 — — — 24.12 5.17 1,085.1 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
0.425 0.345 0.360 0.355 1996 KRETAM 0.360 UNCH 187.1 0.359 — — 837.9 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.080 0.620 — — 6572 KWANTAS 0.620 — — — — — 193.2
0.950 0.675 0.675 0.675 4936 MALPAC 0.675 -0.005 5 0.675 — 14.81 50.6 CONSUMER PRODUCTS & SERVICES
0.702 0.546 0.570 0.570 5026 MHC 0.570 0.010 42 0.570 712.5 2.63 112.0 0.740 0.325 0.490 0.475 0098 BAHVEST 0.475 -0.020 5054.2 0.478 54.60 — 581.8
2.000 1.680 — — 5047 NPC 1.880 — — — — — 225.6 0.260 0.190 0.195 0.190 0179 BIOHLDG 0.195 0.005 1266.5 0.190 16.25 0.56 167.7
3.490 3.082 — — 2038 NSOP 3.330 — — — — 1.80 233.8 0.350 0.145 0.155 0.145 0205 DPIH 0.155 0.005 328.6 0.153 7.14 — 75.4
0.465 0.245 0.250 0.245 1902 PINEPAC 0.245 -0.005 32.1 0.250 — — 36.7 0.395 0.095 0.370 0.360 0116 FOCUS 0.360 -0.005 8681.2 0.366 — — 735.7
0.477 0.113 0.365 0.335 0157 FOCUSP 0.335 -0.030 181.4 0.353 7.30 5.61 73.7
1.310 0.645 0.725 0.715 9695 PLS 0.715 -0.025 44 0.718 — — 250.8 0.125 0.075 0.095 0.095 0074 GOCEAN 0.095 Unch 230 0.095 — — 27.5
0.290 0.120 0.135 0.125 5113 RSAWIT 0.130 -0.005 893.1 0.130 — — 184.4 0.090 0.035 0.070 0.065 0170 KANGER 0.070 Unch 300 0.065 10.14 — 76.6
3.454 2.732 — — 2542 RVIEW 2.830 — — — 658.1 1.41 183.5 0.428 0.241 0.290 0.285 0210 KHJB 0.285 -0.010 109 0.287 10.92 — 108.3
3.178 2.740 — — 2569 SBAGAN 2.900 — — — — 0.69 192.4 0.200 0.130 0.155 0.150 0180 KTC 0.155 0.005 683 0.155 6.65 — 79.1
0.450 0.235 — — 4316 SHCHAN 0.235 — — — — — 31.0 0.165 0.090 0.110 0.095 0182 LKL 0.110 0.015 923.2 0.106 — — 47.2
5.299 3.934 4.840 4.650 5285 SIMEPLT 4.800 0.180 935.2 4.748 94.49 2.14 33,046.0 0.250 0.100 0.130 0.125 0140 MACPIE 0.125 -0.010 80 0.126 — — 44.2
2.791 1.919 2.140 2.130 5126 SOP 2.130 -0.020 3.5 2.133 33.86 2.35 1,216.0 0.640 0.277 0.640 0.605 0201 NOVA 0.635 0.025 3272.6 0.630 17.21 0.79 201.8
1.844 1.310 — — 5135 SWKPLNT 1.470 — — — 23.33 3.40 411.6 0.150 0.100 — — 0153 OVERSEA 0.115 — — — — — 28.3
2.720 1.882 2.300 2.250 5012 TAANN 2.260 -0.040 101.5 2.269 14.08 4.42 1,005.3 0.125 0.060 0.075 0.070 0022 PARLO 0.070 Unch 510.2 0.074 — — 25.5
0.240 0.145 0.175 0.170 2054 TDM 0.175 0.005 230.5 0.171 — — 294.5 0.400 0.185 0.185 0.185 0171 PLABS 0.185 Unch 224.5 0.185 10.28 — 39.7
0.680 0.290 0.315 0.310 5112 THPLANT 0.315 0.005 1723.9 0.310 — — 278.4 0.539 0.434 0.500 0.500 0158 SCC 0.500 Unch 10 0.500 11.39 6.80 70.6
1.177 0.865 0.910 0.895 9059 TSH 0.910 -0.010 19.6 0.898 32.97 1.10 1,257.4 0.270 0.205 0.220 0.205 0212 SDS 0.215 -0.010 21802 0.214 — — 87.3
5.849 5.000 5.080 5.080 2593 UMCCA 5.080 -0.020 1 5.080 64.88 1.57 1,065.2 0.205 0.075 0.155 0.130 0148 SUNZEN 0.130 -0.020 352 0.137 — — 69.6
27.000 24.006 25.040 25.000 2089 UTDPLT 25.000 -0.020 10 25.02 15.86 1.60 5,203.4 0.378 0.255 0.275 0.260 0197 WEGMANS 0.275 0.015 300.2 0.267 8.73 1.82 137.5
TELECOMMUNICATIONS & MEDIA 0.235 0.120 0.215 0.210 0095 XINGHE 0.215 0.005 408.8 0.214 — — 120.8
0.180 0.100 — — 0159 AMEDIA 0.135 — — — — — 32.3 INDUSTRIAL PRODUCTS & SERVICES
0.700 0.605 0.615 0.615 7031 AMTEL 0.615 UNCH 1 0.615 9.40 — 33.3 0.300 0.210 — — 0122 AIM 0.260 — — — — — 69.2
1.633 0.986 1.400 1.370 6399 ASTRO 1.370 -0.010 389.4 1.380 11.64 5.84 7,143.6 0.095 0.055 0.070 0.070 0105 ASIAPLY 0.070 Unch 630 0.070 — 7.14 31.9
5.280 3.161 4.330 4.280 6888 AXIATA 4.300 0.010 1381 4.302 — 2.21 39,253.3 0.070 0.040 0.070 0.065 0072 AT 0.070 0.005 14648 0.070 — — 32.5
0.375 0.100 0.185 0.185 6025 BJMEDIA 0.185 UNCH 0.1 0.185 — — 43.5 0.230 0.135 0.150 0.140 0187 BCMALL 0.145 0.005 2225.7 0.145 10.00 1.38 61.1
5.050 3.852 4.750 4.690 6947 DIGI 4.720 0.030 1097.5 4.716 24.39 4.05 36,698.0 0.245 0.130 0.140 0.135 0163 CAREPLS 0.135 -0.005 392 0.139 — — 71.7
0.315 0.180 0.190 0.190 0059 ECOHLDS 0.190 UNCH 100 0.190 12.26 — 59.6 0.150 0.075 — — 0102 CONNECT 0.085 — — — — — 28.0
0.775 0.300 0.755 0.720 0082 GPACKET 0.740 0.025 21701 0.739 — — 679.9 0.260 0.180 — — 0190 ESAFE 0.220 — — — 40.00 8.18 52.9
5.756 4.964 5.450 5.380 6012 MAXIS 5.410 0.020 917.3 5.408 26.65 3.70 42,308.9 0.200 0.099 0.165 0.165 0100 ESCERAM 0.165 Unch 65 0.165 44.59 3.64 33.9
0.600 0.325 0.410 0.390 4502 MEDIA 0.395 -0.015 458.1 0.396 — — 438.1 0.548 0.320 0.365 0.330 0039 GFM 0.360 0.035 5639.9 0.348 13.24 3.06 169.7
0.265 0.165 0.175 0.175 5090 MEDIAC 0.175 UNCH 285.3 0.175 — 6.69 295.3 0.200 0.105 0.135 0.130 0175 HHGROUP 0.135 0.005 703 0.132 — — 45.8
0.665 0.400 0.635 0.610 0172 OCK 0.615 UNCH 10386 0.621 19.71 — 536.0 0.155 0.080 0.105 0.100 0160 HHHCORP 0.105 0.005 415 0.100 12.07 — 35.0
0.434 0.320 — — 7190 PPG 0.320 — — — 49.23 1.56 32.0 0.260 0.115 — — 0188 HLT 0.195 — — — — — 99.8
0.285 0.160 0.175 0.170 5252 SASBADI 0.175 0.005 220 0.170 92.11 — 73.3 0.085 0.035 0.040 0.035 0024 JAG 0.035 Unch 442.4 0.035 — — 53.1
0.700 0.450 — — 9431 SJC 0.510 — — — — — 20.7 0.500 0.178 0.500 0.485 0193 KAB 0.490 -0.005 911.6 0.493 21.97 2.04 173.5
0.837 0.510 0.515 0.510 6084 STAR 0.510 -0.005 226.2 0.513 — 5.88 376.7 0.145 0.080 — — 0167 MCLEAN 0.125 — — — — — 22.3
9.350 7.329 9.010 8.980 5031 TIMECOM 9.000 -0.020 549.1 9.000 16.60 1.03 5,269.8 0.225 0.090 0.100 0.100 0081 MEGASUN 0.100 Unch 17.1 0.100 38.46 — 25.0
4.680 2.097 3.750 3.590 4863 TM 3.720 0.150 6682.6 3.709 44.50 0.54 14,008.0 0.210 0.105 0.120 0.105 0207 MESTRON 0.115 0.010 5183.5 0.113 — — 90.9
TECHNOLOGY 0.700 0.405 0.465 0.445 0213 MTAG 0.450 -0.005 25722 0.457 8.38 — 306.7
0.700 0.605 0.615 0.615 7031 AMTEL 0.615 UNCH 1 0.615 9.40 — 33.3 0.100 0.040 — — 0177 PASUKGB 0.040 — — — — — 32.6
0.170 0.115 0.125 0.125 5195 CENSOF 0.125 UNCH 175 0.125 416.67 — 62.7 0.175 0.105 — — 0038 PTB 0.115 — — — — — 21.4
0.265 0.160 0.175 0.165 0051 CUSCAPI 0.175 0.010 2345.4 0.171 — — 150.4 0.350 0.165 0.185 0.175 0196 QES 0.185 0.005 3719.4 0.180 18.14 — 140.3
0.180 0.040 0.050 0.045 0133 SANICHI 0.050 Unch 31767 0.049 — — 55.4
0.921 0.490 0.620 0.605 7204 D&O 0.610 UNCH 5257.2 0.611 21.40 1.64 678.6 0.160 0.090 — — 0161 SCH 0.100 — — — — — 55.6
0.270 0.160 0.170 0.165 8338 DATAPRP 0.170 0.005 379.3 0.165 — — 74.4 0.982 0.429 0.860 0.830 0001 SCOMNET 0.835 0.005 1997.4 0.844 32.12 1.20 536.9
0.070 0.040 0.045 0.040 0029 DIGISTA 0.045 UNCH 60 0.044 — — 29.6 0.290 0.115 0.145 0.145 0028 SCOPE 0.145 -0.005 10 0.145 — 3.45 89.8
0.388 0.192 0.290 0.275 4456 DNEX 0.275 -0.005 17901 0.281 15.45 1.82 483.5 0.120 0.075 — — 0055 SERSOL 0.080 — — — — — 17.2
0.960 0.277 0.955 0.910 5216 DSONIC 0.945 0.035 15735 0.940 29.53 2.38 1,275.8 0.580 0.260 0.275 0.265 0211 TASHIN 0.270 0.005 340.1 0.268 7.14 — 94.2
0.660 0.380 0.430 0.420 5036 EDARAN 0.420 -0.005 143 0.426 — — 25.2 0.439 0.237 0.380 0.350 0084 TECFAST 0.370 0.005 3954.7 0.361 26.06 2.70 84.4
0.739 0.367 0.650 0.630 0065 EFORCE 0.650 0.015 13994 0.645 42.21 1.92 400.0 0.589 0.330 0.340 0.330 0089 TEXCYCL 0.330 -0.010 837.8 0.335 12.89 1.82 84.5
1.414 0.747 1.040 1.000 0090 ELSOFT 1.020 0.020 8022.4 1.021 21.98 4.41 681.4 0.355 0.215 0.330 0.315 0162 WIDAD 0.325 Unch 10303 0.324 32.83 — 797.8
1.800 0.566 1.750 1.700 0128 FRONTKN 1.720 -0.010 4713.3 1.724 27.39 1.05 1,811.9 0.170 0.110 0.120 0.110 0025 YBS 0.120 0.010 70 0.117 16.44 — 29.0
0.210 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 TECHNOLOGY
1.800 1.240 1.440 1.380 0021 GHLSYS 1.380 0.010 950.2 1.419 37.81 — 1,033.9 0.345 0.175 0.290 0.285 0181 AEMULUS 0.285 0.005 1912.6 0.286 190.0 0.70 156.6
0.775 0.300 0.755 0.720 0082 GPACKET 0.740 0.025 21701 0.739 — — 679.9 0.150 0.075 0.095 0.090 0119 APPASIA 0.090 -0.005 39.2 0.093 — — 31.1
0.300 0.176 0.280 0.275 0056 GRANFLO 0.275 -0.005 146.2 0.277 13.41 1.82 132.9 0.300 0.135 0.150 0.135 0068 ASDION 0.135 -0.015 136 0.144 — — 17.3
2.403 1.350 2.110 2.030 7022 GTRONIC 2.030 -0.030 1233.5 2.059 23.85 1.35 1,359.0 0.430 0.200 0.415 0.315 0195 BINACOM 0.395 0.090 30551 0.377 19.17 2.53 102.7
1.440 0.340 1.170 1.110 5028 HTPADU 1.120 -0.020 2601.3 1.130 — — 113.4 0.313 0.180 0.210 0.210 0191 CABNET 0.210 Unch 5 0.210 8.14 3.81 37.5
2.175 1.184 2.030 1.970 0166 INARI 2.000 0.010 10468 1.994 33.17 2.60 6,359.8 0.170 0.090 0.105 0.095 0152 DGB 0.105 Unch 139.9 0.097 — — 79.4
0.328 0.242 0.270 0.265 0192 INTA 0.270 0.005 645.6 0.266 5.76 2.78 144.5 0.105 0.065 0.090 0.090 0131 DGSB 0.090 Unch 1173.6 0.090 36.00 — 67.1
0.130 0.070 — — 9393 ITRONIC 0.090 — — — — — 12.0 0.025 0.005 0.015 0.010 0154 EAH 0.015 0.005 1680 0.014 — — 76.1
0.280 0.155 0.195 0.180 5161 JCY 0.185 UNCH 3661.1 0.185 — 2.70 384.2 0.069 0.014 0.040 0.030 0107 EDUSPEC 0.035 0.005 16239 0.035 — — 44.4
14.345 6.660 7.750 7.640 9334 KESM 7.650 0.100 43.5 7.668 52.76 2.42 329.1 2.015 1.040 1.220 1.100 0104 GENETEC 1.200 Unch 33.7 1.163 40.40 4.17 50.7
0.160 0.065 0.070 0.070 0143 KEYASIC 0.070 UNCH 1296 0.070 — — 66.5 0.100 0.045 0.065 0.060 0045 GNB 0.065 Unch 395.1 0.060 — — 18.8
0.405 0.310 — — 0302 MCOM 0.405 — — — 36.82 — 76.4 1.960 0.635 1.960 1.810 0208 GREATEC 1.940 0.140 6314.9 1.895 25.39 — 1,214.4
2.838 1.442 2.470 2.400 5286 MI 2.470 0.060 2437.8 2.447 27.20 2.43 1,235.0 0.035 0.015 — — 0174 IDMENSN 0.025 — — — — — 6.8
1.134 0.576 0.845 0.780 0113 MMSV 0.845 0.070 5629.9 0.810 25.30 2.37 172.2 0.506 0.180 0.305 0.280 0023 IFCAMSC 0.285 Unch 7762.4 0.291 15.66 3.51 173.4
12.273 8.330 10.320 9.990 3867 MPI 10.000 -0.020 148 10.06 14.81 2.70 2,098.8 0.120 0.045 0.065 0.055 0094 INIX 0.065 0.005 606.2 0.059 — — 17.6
1.930 0.950 — — 5011 MSNIAGA 1.030 — — — — — 62.2 0.195 0.125 0.155 0.145 0010 IRIS 0.150 Unch 11303 0.150 13.64 — 444.9
1.725 0.779 1.460 1.430 0138 MYEG 1.440 0.010 8606.3 1.443 60.00 1.32 5,193.1 0.275 0.150 0.235 0.200 0209 ISTONE 0.225 0.030 86237 0.218 18.29 — 274.8
0.257 0.160 0.170 0.170 0041 MYSCM 0.170 UNCH 264.4 0.170 — — 54.2 0.970 0.640 0.840 0.820 0146 JFTECH 0.840 0.015 38.2 0.828 52.83 0.60 176.4
0.755 0.460 0.755 0.705 0083 NOTION 0.725 0.025 10664 0.734 6.85 1.38 241.6 1.400 0.805 1.380 1.350 0127 JHM 1.380 0.020 985 1.368 20.81 1.45 769.5
0.450 0.320 0.415 0.400 9008 OMESTI 0.415 0.005 253.5 0.407 — — 198.6 0.292 0.185 0.210 0.200 0111 K1 0.205 Unch 1296.7 0.206 18.14 — 149.4
4.920 1.532 4.730 4.580 7160 PENTA 4.690 0.170 3791.5 4.655 29.68 — 2,227.2 0.080 0.030 0.030 0.030 0036 KGROUP 0.030 Unch 8.7 0.030 — — 15.6
0.855 0.255 0.490 0.480 5204 PRESBHD 0.490 0.010 15041 0.486 — 3.47 237.2 0.684 0.496 0.670 0.640 0176 KRONO 0.645 Unch 7997.8 0.651 13.78 3.10 315.6
0.535 0.240 0.455 0.450 9075 THETA 0.455 UNCH 33.3 0.452 — — 48.8 0.160 0.045 0.055 0.045 0018 LAMBO 0.050 Unch 1596.2 0.050 6.49 — 105.1
0.025 0.010 0.015 0.010 0118 TRIVE 0.015 UNCH 1979.9 0.012 — — 35.2 0.545 0.275 0.340 0.330 0075 LYC 0.340 Unch 1316.7 0.333 — — 113.2
0.200 0.100 0.100 0.100 4359 TURIYA 0.100 -0.020 5 0.100 — — 22.9 0.065 0.035 0.045 0.045 0017 M3TECH 0.045 0.005 72 0.045 — — 26.4
3.233 1.910 2.630 2.550 5005 UNISEM 2.590 0.050 836.8 2.594 23.81 3.19 1,900.6 0.425 0.205 0.350 0.305 0155 MGRC 0.305 0.015 447.7 0.318 — — 31.6
1.750 1.100 1.750 1.670 5292 UWC 1.720 0.060 6016 1.711 17.41 — 630.9 0.700 0.305 0.595 0.540 0126 MICROLN 0.560 0.010 25 0.562 32.75 — 93.7
0.290 0.175 0.200 0.195 0112 MIKROMB 0.195 -0.010 145.7 0.198 19.90 4.10 114.9
8.400 5.667 8.040 7.730 0097 VITROX 7.900 -0.100 181.6 7.874 35.24 0.73 3,720.9 0.065 0.035 0.040 0.035 0085 MLAB 0.035 Unch 98 0.036 — — 23.5
1.090 0.884 1.030 1.030 5162 VSTECS 1.030 UNCH 54 1.030 6.96 4.85 185.4 0.380 0.200 0.380 0.365 0034 MMAG 0.380 0.015 3615.6 0.372 — — 270.3
0.513 0.325 0.420 0.410 0008 WILLOW 0.415 0.005 82.3 0.412 14.31 2.41 205.8 0.125 0.025 0.030 0.025 0103 MNC 0.030 0.005 2469.7 0.030 — — 25.6
UTILITIES 0.145 0.090 0.110 0.100 0156 MPAY 0.100 -0.005 3250.2 0.103 — — 71.0
0.195 0.090 0.145 0.135 7471 EDEN 0.135 -0.005 1778.7 0.138 — — 54.5 0.050 0.020 0.025 0.020 0070 MQTECH 0.025 Unch 260 0.020 — — 16.1
2.908 2.541 2.840 2.810 5209 GASMSIA 2.820 UNCH 200.6 2.820 19.86 4.89 3,620.9 0.130 0.050 0.115 0.105 0092 MTOUCHE 0.105 Unch 8749 0.109 — — 53.4
0.923 0.695 0.840 0.835 5264 MALAKOF 0.835 UNCH 295.6 0.836 14.20 7.11 4,175.0 1.119 0.691 0.720 0.710 0108 N2N 0.715 Unch 205 0.712 28.83 2.80 427.5
4.320 2.973 4.300 4.260 3069 MFCB 4.300 0.040 1149.1 4.279 13.76 0.93 1,833.7 0.025 0.005 0.025 0.015 0020 NETX 0.025 0.005 271804 0.020 — — 81.8
1.248 1.002 1.160 1.120 5041 PBA 1.120 UNCH 54.9 1.130 — 3.13 371.0 0.025 0.010 0.015 0.010 0096 NEXGRAM 0.015 Unch 2330.1 0.015 — — 31.1
19.386 14.596 16.700 16.400 6033 PETGAS 16.680 0.280 179.5 16.58 17.97 4.32 33,005.2 0.175 0.075 0.090 0.080 0026 NOVAMSC 0.080 -0.005 3620.2 0.080 — — 60.1
1.440 0.656 1.240 1.210 5272 RANHILL 1.220 -0.020 204.5 1.217 26.64 3.55 1,300.5 0.840 0.435 0.840 0.795 0035 OPCOM 0.815 0.040 41766 0.817 — 3.99 131.4
0.298 0.211 0.230 0.225 8567 SALCON 0.225 -0.005 748.6 0.226 53.57 — 190.6 0.355 0.267 0.340 0.335 0040 OPENSYS 0.335 -0.005 159.4 0.339 10.06 3.73 99.8
1.013 0.845 0.930 0.920 8524 TALIWRK 0.925 0.005 66 0.921 20.79 5.19 1,864.6 0.230 0.075 0.095 0.090 0079 ORION 0.090 Unch 1001.6 0.090 28.13 — 63.6
14.415 10.994 13.940 13.760 5347 TENAGA 13.800 -0.080 2798.1 13.81 25.80 3.84 78,479.1 0.645 0.240 — — 0006 PINEAPP 0.300 — — — — — 14.6
1.250 0.910 0.965 0.950 4677 YTL 0.960 0.005 687 0.958 39.51 4.17 10,557.1 0.090 0.045 0.055 0.055 0123 PRIVA 0.055 Unch 247.3 0.055 — — 30.7
1.010 0.685 0.750 0.740 6742 YTLPOWR 0.745 0.010 3277.3 0.745 12.44 6.71 6,077.9 1.730 0.867 1.640 1.560 0200 REVENUE 1.620 0.090 7925 1.598 41.75 — 378.5
CLOSED-END FUNDS 0.750 0.525 0.665 0.640 0106 REXIT 0.640 0.020 65.8 0.652 14.58 4.69 121.2
2.760 2.300 2.410 2.400 5108 ICAP 2.410 0.010 17.1 2.406 79.02 — 337.4 0.335 0.200 0.285 0.270 0202 RGTECH 0.280 0.010 3159.5 0.279 49.12 — 147.1
EXCHANGE TRADED FUNDS 0.310 0.090 0.180 0.155 0178 SEDANIA 0.160 Unch 10605 0.168 — — 39.7
1.222 1.100 1.216 1.216 0800EA ABFMY1 1.216 UNCH 2.5 1.216 — 1.92 1,572.2 0.610 0.370 0.495 0.400 0203 SMETRIC 0.495 0.030 15.3 0.444 150.0 — 120.6
6.140 5.220 5.640 5.610 0829EA CHINAETF-MYR 5.620 0.070 10 5.629 — — 9.2 0.145 0.090 0.095 0.090 0117 SMRT 0.095 Unch 261 0.090 — — 38.7
1.345 1.345 — — 0829EB CHINAETF-USD 1.345 — — — — — 0.9 0.280 0.055 0.190 0.150 0169 SMTRACK 0.170 -0.025 6282.1 0.173 — — 27.8
1.900 1.670 1.680 1.675 0820EA FBMKLCI-EA 1.675 UNCH 2.3 1.676 — 1.97 2.8 0.130 0.080 0.090 0.085 0093 SOLUTN 0.090 Unch 117.9 0.085 — — 27.6
1.050 0.940 — — 0826EA METFAPA 0.945 — — — — — 17.0 0.340 0.195 0.225 0.215 0129 SRIDGE 0.220 0.005 860.1 0.221 — — 30.9
1.000 0.790 — — 0825EA METFSID 0.820 — — — — 2.43 72.2 0.285 0.155 0.170 0.165 0050 SYSTECH 0.170 0.010 354.6 0.169 — 1.18 59.1
1.180 0.900 — — 0827EA METFUS50 1.110 — — — — — 14.4 0.125 0.045 0.055 0.055 0132 TDEX 0.055 Unch 561.8 0.055 — — 32.5
1.140 1.020 1.070 1.070 0821EA MYETFDJ 1.070 -0.005 0.1 1.070 — 2.28 293.1 0.145 0.070 0.080 0.070 0145 TFP 0.070 Unch 361.1 0.071 — — 14.6
1.185 1.040 — — 0824EA MYETFID 1.100 — — — — 2.51 43.6 0.335 0.125 0.140 0.130 0005 UCREST 0.130 Unch 1665.3 0.135 8.78 — 60.3
1.950 1.750 — — 0822EA PAM-A40M 1.780 — — — — 3.85 4.8 0.330 0.108 0.150 0.145 0060 VC 0.150 Unch 315.6 0.150 — — 58.5
1.690 1.450 — — 0823EA PAM-C50 1.530 — — — — — 10.9 0.633 0.305 0.450 0.435 0120 VIS 0.440 -0.005 1869.7 0.441 17.19 2.27 74.4
REAL ESTATE INVESTMENT TRUSTS 0.030 0.015 0.015 0.015 0069 VIVOCOM 0.015 Unch 793 0.015 — — 85.0
0.820 0.654 0.800 0.780 4952 AHP 0.795 0.020 15.5 0.800 12.05 7.33 174.9 0.255 0.055 0.065 0.055 0066 VSOLAR 0.055 Unch 36350 0.061 — — 21.2
1.550 1.135 1.490 1.470 5116 ALAQAR 1.480 UNCH 12.3 1.480 11.97 5.98 1,089.3 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
0.919 0.719 — — 5269 ALSREIT 0.870 — — — 12.02 6.20 504.6 0.145 0.100 0.110 0.110 0086 YGL 0.110 0.005 20 0.110 — — 25.6
0.543 0.475 0.490 0.480 5120 AMFIRST 0.490 0.005 232.8 0.488 15.86 8.04 336.3 TELECOMMUNICATIONS & MEDIA
0.834 0.755 0.780 0.770 5127 ARREIT 0.780 0.015 97.7 0.772 33.77 7.40 447.1 0.430 0.200 0.415 0.315 0195 BINACOM 0.395 0.090 30551 0.377 19.17 2.53 102.7
1.215 1.030 1.040 1.030 5130 ATRIUM 1.040 0.010 21.5 1.031 11.97 7.05 212.8 0.720 0.400 — — 0147 INNITY 0.425 — — — 27.78 — 59.1
1.990 1.349 1.840 1.790 5106 AXREIT 1.790 -0.050 1129 1.800 14.51 5.31 2,214.7 0.065 0.035 0.045 0.045 0017 M3TECH 0.045 0.005 72 0.045 — — 26.4
0.125 0.025 0.030 0.025 0103 MNC 0.030 0.005 2469.7 0.030 — — 25.6
1.110 0.919 1.080 1.060 5180 CMMT 1.080 0.030 92.4 1.063 24.88 6.23 2,215.9 0.130 0.050 0.115 0.105 0092 MTOUCHE 0.105 Unch 8749 0.109 — — 53.4
1.116 0.955 0.985 0.970 5121 HEKTAR 0.985 0.005 351 0.974 14.99 8.47 455.0 0.025 0.010 0.015 0.010 0096 NEXGRAM 0.015 Unch 2330.1 0.015 — — 31.1
2.100 1.534 2.000 1.960 5227 IGBREIT 1.960 -0.040 1400.5 1.971 20.29 4.71 6,949.8 0.840 0.435 0.840 0.795 0035 OPCOM 0.815 0.040 41766 0.817 — 3.99 131.4
0.863 0.698 0.850 0.840 5280 KIPREIT 0.845 0.015 82.4 0.844 12.54 7.14 427.0 0.090 0.045 0.055 0.055 0123 PRIVA 0.055 Unch 247.3 0.055 — — 30.7
8.388 7.136 8.060 7.950 5235SS KLCC 8.000 -0.010 924.7 8.001 19.80 4.37 14,442.7 0.165 0.055 0.065 0.055 0007 PUC 0.060 Unch 9316 0.060 13.64 — 133.9
1.080 1.000 1.020 1.010 5123 MQREIT 1.020 0.010 31 1.014 16.94 7.07 1,093.2 0.595 0.146 0.595 0.570 0032 REDTONE 0.580 0.005 7212.4 0.580 23.77 — 440.1
1.900 1.447 1.810 1.780 5212 PAVREIT 1.790 UNCH 2687.9 1.786 18.68 4.94 5,443.6 0.300 0.130 0.135 0.135 0173 REV 0.135 Unch 14.5 0.135 — — 18.2
1.980 1.534 1.900 1.870 5176 SUNREIT 1.890 0.010 3557.2 1.882 14.30 5.07 5,566.2 0.310 0.090 0.180 0.155 0178 SEDANIA 0.160 Unch 10605 0.168 — — 39.7
0.909 0.813 0.860 0.860 5111 TWRREIT 0.860 0.010 1 0.860 26.14 6.90 241.2 0.340 0.195 0.225 0.215 0129 SRIDGE 0.220 0.005 860.1 0.221 — — 30.9
1.425 1.187 1.230 1.210 5110 UOAREIT 1.210 UNCH 20.9 1.221 14.15 7.55 511.7 0.065 0.040 0.055 0.045 0165 XOX 0.050 Unch 3310.5 0.050 — — 54.6
1.390 1.073 1.340 1.310 5109 YTLREIT 1.310 -0.010 643.2 1.320 21.30 5.90 2,232.7 FINANCIAL SERVICES
SPAC 0.075 0.040 0.055 0.050 0150 FINTEC 0.050 0.005 4956.9 0.050 1.85 — 31.7
0.51 0.480 — — 5270 RSENA 0.505 — — — — — 505.0 0.600 0.390 0.415 0.405 0053 OSKVI 0.415 Unch 0.3 0.408 — — 82.0
ENERGY HEALTH CARE
0.155 0.056 0.100 0.090 5115 ALAM 0.090 UNCH 8553.1 0.095 — — 88.2 0.245 0.130 0.140 0.135 0163 CAREPLS 0.135 -0.005 392 0.139 — — 71.7
0.515 0.145 0.415 0.385 5210 ARMADA 0.415 0.030 167584 0.403 — — 2,438.8 0.165 0.090 0.110 0.095 0182 LKL 0.110 0.015 923.2 0.106 — — 47.2
0.145 0.025 0.035 0.030 7251 BARAKAH 0.035 UNCH 765.5 0.031 — — 29.3 0.425 0.205 0.350 0.305 0155 MGRC 0.305 0.015 447.7 0.318 — — 31.6
1.350 0.212 1.350 1.230 5257 CARIMIN 1.320 0.110 15572 1.287 10.71 2.27 308.7 0.640 0.277 0.640 0.605 0201 NOVA 0.635 0.025 3272.6 0.630 17.21 0.79 201.8
1.370 0.735 0.970 0.940 5071 COASTAL 0.965 0.025 160.2 0.960 35.09 — 513.3 TRANSPORTATION & LOGISTICS
0.025 0.005 0.010 0.005 0091 DAYA 0.010 UNCH 405.6 0.009 — — 20.4 0.110 0.050 — — 0048 ANCOMLB 0.060 — — — — — 28.4
2.160 0.500 2.160 1.970 5141 DAYANG 2.130 0.160 24307 2.083 10.63 — 2,055.0 0.285 0.195 0.225 0.215 0080 STRAITS 0.225 0.005 1993.2 0.220 21.23 — 146.4
1.223 0.786 1.080 1.050 5132 DELEUM 1.070 UNCH 399.2 1.062 15.29 3.41 429.7 0.500 0.295 — — 0199 TRIMODE 0.335 — — — 16.11 2.99 55.6
3.570 2.703 3.440 3.390 7277 DIALOG 3.410 0.010 8428.9 3.412 35.86 1.11 19,238.0 CONSTRUCTION
0.510 0.275 0.365 0.360 7253 HANDAL 0.360 UNCH 72.6 0.362 — — 78.8 0.365 0.205 0.365 0.345 0198 GDB 0.350 -0.005 2388.7 0.355 8.24 5.71 218.8
6.480 4.290 4.490 4.390 4324 HENGYUAN 4.410 -0.040 94.9 4.433 — — 1,323.0 0.392 0.230 0.250 0.245 0206 NADIBHD 0.250 0.005 84.8 0.245 5.92 — 188.3
1.300 0.760 0.960 0.935 5199 HIBISCS 0.935 -0.020 8151.7 0.944 6.46 — 1,485.0 0.050 0.010 0.030 0.030 0109 SCBUILD 0.030 Unch 0.3 0.030 16.67 — 26.5
0.300 0.115 0.130 0.120 2739 HUAAN 0.125 0.005 4102.8 0.124 14.20 — 140.3 PLANTATION
0.145 0.035 0.040 0.040 5255 ICON 0.040 UNCH 2329 0.040 — — 47.1 0.080 0.065 0.070 0.065 0189 MATANG 0.065 Unch 324 0.067 72.22 3.08 117.7
0.440 0.070 0.400 0.390 7164 KNM 0.395 0.005 27267 0.395 — — 1,033.3 UTILITIES
0.347 0.172 0.215 0.215 0011 BTECH 0.215 Unch 73.1 0.215 13.19 7.44 54.2
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I 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 YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
Main Market & Ace Market Warrants 0.165 0.005 0.005 0.005 318268 GENTINGC68 0.005 Unch 1500 1.425 6.600 364.91 29/11/2019
0.130 0.020 0.020 0.020 318270 GENTINGC70 0.020 Unch 166 5.650 6.700 21.06 30/04/2020
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.150 0.020 0.030 0.020 318272 GENTINGC72 0.025 0.005 2677.2 5.650 6.680 20.88 14/02/2020
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.130 0.040 0.045 0.040 318273 GENTINGC73 0.040 Unch 94.5 5.650 6.880 24.81 31/03/2020
0.470 0.095 0.135 0.130 70340 A50CHIN-C40 0.130 0.035 34.8 8.122 8.434 7.05 26/11/2019 0.130 0.050 0.055 0.050 318274 GENTINGC74 0.050 Unch 270 5.650 6.500 19.47 31/03/2020
0.555 0.220 0.365 0.340 70342 A50CHIN-C42 0.345 0.035 4586 8.122 8.007 4.96 31/12/2019 0.100 0.060 0.060 0.060 318275 GENTINGC75 0.060 Unch 2270 5.650 6.300 17.88 15/05/2020
0.150 0.110 0.125 0.115 70344 A50CHIN-C44 0.125 0.015 30 8.122 8.968 15.03 20/02/2020 0.095 0.050 0.055 0.050 318277 GENTINGC77 0.050 -0.005 0.2 5.650 6.300 16.81 27/04/2020
0.410 0.020 0.385 0.360 70350 A50CHIN-C50 0.385 0.050 4988 8.122 8.274 8.98 31/03/2020 0.115 0.095 0.105 0.100 318278 GENTINGC78 0.100 0.005 207 5.650 5.750 10.62 30/07/2020
0.315 0.215 0.315 0.315 70352 A50CHIN-C52 0.315 0.045 94 8.122 8.808 14.26 29/04/2020 0.245 0.085 0.105 0.090 0039WC GFM-WC 0.100 0.010 4697.7 0.360 0.380 33.33 28/01/2022
0.325 0.235 0.250 0.235 70337 A50CHIN-H37 0.235 -0.045 30 8.122 7.473 -3.65 29/04/2020 0.170 0.040 0.055 0.050 5220WA GLOTEC-WA 0.055 0.005 115.7 0.365 0.720 112.33 17/12/2021
0.080 0.005 0.015 0.010 5238WA AAX-WA 0.010 Unch 620.7 0.160 0.460 193.75 08/06/2020 0.011 0.001 — — 1147WA GOB-WA 0.005 — — 0.195 0.800 312.82 24/12/2019
0.225 0.075 0.100 0.100 6599CR AEON-CR 0.100 Unch 10 1.530 1.450 7.84 31/03/2020 0.315 0.050 0.315 0.295 0082WB GPACKET-WB 0.315 0.020 172934 0.740 0.400 -3.38 24/11/2023
0.045 0.040 0.040 0.040 6599CV AEON-CV 0.040 Unch 1000 1.530 1.800 25.49 15/05/2020 0.070 0.015 0.045 0.045 7096WA GPA-WA 0.045 Unch 1296.4 0.100 0.100 45.00 03/06/2025
0.265 0.075 0.095 0.095 509984 AIRASIAC84 0.095 0.015 50 1.750 1.642 4.98 28/02/2020 0.205 0.065 0.185 0.160 7022C1 GTRONIC-C1 0.160 -0.010 939.4 2.030 1.880 8.37 14/02/2020
0.275 0.070 0.090 0.085 509985 AIRASIAC85 0.090 0.005 430 1.750 1.711 7.60 20/12/2019 0.125 0.065 0.105 0.095 7022CX GTRONIC-CX 0.095 -0.010 1050 2.030 2.080 16.50 06/01/2020
0.145 0.020 0.025 0.025 509987 AIRASIAC87 0.025 0.005 450 1.750 2.326 35.38 31/01/2020 0.185 0.120 0.150 0.150 7022CY GTRONIC-CY 0.150 -0.005 199.9 2.030 1.700 5.91 23/01/2020
0.100 0.025 0.030 0.030 509988 AIRASIAC88 0.030 Unch 80 1.750 2.053 21.40 29/05/2020 0.095 0.030 0.040 0.040 7676WB GUNUNG-WB 0.040 Unch 4.5 0.325 0.400 35.38 02/10/2020
0.090 0.050 0.060 0.060 509992 AIRASIAC92 0.060 Unch 1177.6 1.750 1.950 20.34 31/03/2020 0.150 0.020 — — 2062WC HARBOUR-WC 0.030 — — 0.610 1.560 160.66 03/04/2021
0.090 0.075 0.085 0.085 509993 AIRASIAC93 0.085 Unch 50 1.750 1.800 12.57 30/07/2020 0.125 0.070 0.070 0.070 7501WB HARNLEN-WB 0.070 -0.040 1.5 0.615 0.600 8.94 19/09/2026
0.205 0.120 0.160 0.160 501410 AIRPORT-C10 0.160 0.005 17.7 8.740 8.200 6.64 31/01/2020 0.080 0.040 0.050 0.050 516828 HARTA-C28 0.050 Unch 100 5.240 5.500 10.69 30/04/2020
0.205 0.035 0.055 0.050 5014C6 AIRPORT-C6 0.055 0.005 307.1 8.740 8.300 0.63 23/10/2019 0.295 0.200 0.240 0.235 7105WA HCK-WA 0.235 Unch 40 1.230 0.960 -2.85 26/09/2027
0.200 0.050 0.160 0.150 5014C8 AIRPORT-C8 0.160 0.010 308 8.740 8.000 2.52 29/11/2019 0.610 0.230 0.230 0.230 5095WB HEVEA-WB 0.230 -0.005 10 0.505 0.250 -4.95 28/02/2020
0.185 0.100 0.145 0.145 5014C9 AIRPORT-C9 0.145 0.020 20 8.740 8.000 4.81 30/04/2020 0.160 0.035 0.040 0.035 5072WB HIAPTEK-WB 0.040 0.005 23.2 0.180 0.500 200.00 23/06/2021
0.070 0.035 0.050 0.040 5115WA ALAM-WA 0.050 0.005 8951.6 0.090 0.120 88.89 28/03/2022 0.065 0.040 0.045 0.045 5199C6 HIBISCS-C6 0.045 Unch 150 0.935 1.100 29.68 30/04/2020
0.005 0.005 — — 9342WA ANZO-WA 0.005 — — 0.025 0.250 920.00 19/11/2019 0.100 0.065 0.070 0.070 5199C7 HIBISCS-C7 0.070 Unch 128.5 0.935 1.000 21.93 30/06/2020
0.035 0.015 0.020 0.015 9342WB ANZO-WB 0.020 0.005 788.2 0.025 0.250 980.00 25/08/2023 0.155 0.095 0.100 0.095 5199C8 HIBISCS-C8 0.095 -0.005 130 0.935 1.000 23.21 31/03/2020
0.015 0.005 — — 9342WC ANZO-WC 0.005 — — 0.025 0.200 720.00 18/06/2020 0.665 0.255 0.280 0.265 5199WC HIBISCS-WC 0.265 -0.010 3093 0.935 1.060 41.71 19/03/2021
0.080 0.030 0.040 0.035 0119WA APPASIA-WA 0.040 Unch 124.2 0.090 0.130 88.89 23/12/2024 0.350 0.100 0.195 0.170 8443WB HIL-WB 0.180 0.020 2.5 0.525 1.080 140.00 25/10/2027
0.090 0.090 — — 7007WB ARK-WB 0.090 — — 0.270 1.000 303.70 30/06/2021 0.080 0.003 — — 5819CO HLBANK-CO 0.005 — — 2.358 22.000 836.17 23/10/2019
0.385 0.090 0.385 0.350 521051 ARMADA-C51 0.375 0.045 380 0.415 0.235 1.81 30/06/2020 0.090 0.080 0.090 0.090 5819CP HLBANK-CP 0.090 0.010 20 16.500 17.280 12.91 30/09/2020
0.180 0.065 0.180 0.175 521052 ARMADA-C52 0.180 0.020 250 0.415 0.300 15.66 11/02/2020 0.170 0.015 0.020 0.020 5160WA HOMERIZ-WA 0.020 Unch 114.2 0.655 0.920 43.51 09/07/2020
0.175 0.075 0.175 0.155 521053 ARMADA-C53 0.170 0.020 1253.7 0.415 0.280 8.43 27/04/2020 0.315 0.125 0.195 0.185 5160WB HOMERIZ-WB 0.195 Unch 1256.3 0.655 0.540 12.21 03/07/2022
0.285 0.140 0.150 0.145 7579WA AWC-WA 0.145 Unch 75 0.580 0.880 76.72 25/12/2023 0.350 0.140 0.175 0.165 0185WA HSSEB-WA 0.175 0.005 104 0.840 1.700 123.21 15/03/2023
0.295 0.085 0.095 0.095 688836 AXIATA-C36 0.095 0.005 152 4.300 3.750 -0.64 23/10/2019 0.005 0.003 — — 7013WA HUBLINE-WA 0.005 — — 0.050 3.160 6,230 04/11/2019
0.180 0.050 0.055 0.050 688839 AXIATA-C39 0.055 0.005 60.2 4.300 4.880 21.80 31/01/2020 0.025 0.010 0.025 0.020 7013WC HUBLINE-WC 0.025 Unch 205 0.050 0.055 60.00 17/12/2023
0.100 0.030 0.030 0.030 688844 AXIATA-C44 0.030 Unch 500 4.300 5.380 29.30 14/02/2020 0.055 0.010 0.020 0.020 9601WD HWGB-WD 0.020 Unch 4 0.080 0.320 325.00 15/03/2021
0.145 0.130 0.135 0.135 688846 AXIATA-C46 0.135 Unch 14.5 4.300 4.000 11.86 31/03/2020 0.670 0.290 0.355 0.350 9687WB IDEAL-WB 0.350 Unch 25.5 1.390 1.000 -2.88 30/03/2021
0.115 0.110 0.115 0.115 688847 AXIATA-C47 0.115 Unch 120.4 4.300 4.500 18.02 26/06/2020 0.015 0.005 — — 0174WA IDMENSN-WA 0.005 — — 0.025 0.200 720.00 14/07/2020
0.330 0.085 0.175 0.170 7078WA AZRB-WA 0.175 0.015 19 0.380 0.630 111.84 13/05/2024 0.170 0.090 0.105 0.090 522514 IHH-C14 0.090 -0.015 159.9 5.770 5.400 1.39 31/03/2020
0.485 0.170 0.300 0.285 0098WA BAHVEST-WA 0.285 -0.015 4402.8 0.475 0.430 50.53 20/08/2024 0.210 0.075 0.100 0.100 333630 IJM-C30 0.100 -0.005 80.2 2.270 2.000 1.32 29/11/2019
0.095 0.030 0.040 0.030 4162CP BAT-CP 0.040 0.010 1251.9 17.600 23.500 39.20 15/05/2020 0.170 0.075 0.110 0.100 333632 IJM-C32 0.100 0.005 90 2.270 2.280 9.25 14/02/2020
0.140 0.070 0.075 0.075 4162CQ BAT-CQ 0.075 0.005 250 17.600 20.000 30.68 28/08/2020 0.480 0.125 0.455 0.445 16633 INARI-C33 0.450 -0.010 202.4 2.000 1.300 -1.25 31/10/2019
0.120 0.105 0.110 0.105 4162CR BAT-CR 0.110 0.005 800 17.600 22.000 40.63 30/10/2020 0.180 0.040 0.165 0.155 16637 INARI-C37 0.155 Unch 400 2.000 1.700 0.50 31/12/2019
0.080 0.070 0.080 0.080 4162CS BAT-CS 0.080 0.010 1320 17.600 19.800 26.14 22/05/2020 0.070 0.035 0.040 0.040 16641 INARI-C41 0.040 0.005 0.2 2.000 2.050 9.50 23/12/2019
0.395 0.115 0.270 0.250 5258WA BIMB-WA 0.265 0.015 1231.9 4.120 4.720 21.00 04/12/2023 0.125 0.065 0.100 0.095 16642 INARI-C42 0.095 -0.005 1800.1 2.000 1.900 6.87 23/01/2020
0.060 0.015 0.015 0.015 6998WA BINTAI-WA 0.015 -0.005 16.5 0.120 0.200 79.17 15/06/2020 0.245 0.120 0.230 0.230 16644 INARI-C44 0.230 0.005 32 2.000 1.500 4.90 31/01/2020
0.120 0.055 0.060 0.060 0179WA BIOHLDG-WA 0.060 Unch 10 0.195 0.220 43.59 05/01/2022 0.175 0.100 0.170 0.165 16645 INARI-C45 0.165 Unch 1299.7 2.000 1.880 18.75 30/06/2020
0.070 0.025 0.030 0.025 3395WB BJCORP-WB 0.030 -0.005 22 0.235 1.000 338.30 22/04/2022 0.155 0.050 0.145 0.130 16646 INARI-C46 0.135 Unch 265.2 2.000 1.800 6.87 28/02/2020
0.095 0.050 — — 3395WC BJCORP-WC 0.055 — — 0.235 1.000 348.94 29/05/2026 0.135 0.055 0.130 0.120 16647 INARI-C47 0.120 Unch 239.7 2.000 1.780 7.00 30/04/2020
0.200 0.080 0.090 0.090 1562CZ BJTOTO-CZ 0.090 0.005 30 2.560 2.600 8.59 28/02/2020 0.150 0.070 0.150 0.140 16648 INARI-C48 0.145 0.005 2888 2.000 1.850 12.80 31/03/2020
0.025 0.010 0.020 0.015 7036WC BORNOIL-WC 0.020 Unch 1012 0.045 0.070 100.00 08/11/2025 0.170 0.110 0.160 0.150 16649 INARI-C49 0.150 -0.005 1577 2.000 1.650 5.00 27/04/2020
0.025 0.015 0.020 0.015 7036WD BORNOIL-WD 0.020 Unch 7.8 0.045 0.070 100.00 29/05/2027 0.150 0.100 0.130 0.120 16650 INARI-C50 0.125 Unch 1580.5 2.000 2.080 20.25 30/04/2020
0.045 0.005 — — 7188WA BTM-WA 0.005 — — 0.095 0.940 894.74 20/12/2019 1.750 0.710 1.490 1.430 0166WB INARI-WB 1.450 Unch 716.9 2.000 0.533 -0.84 17/02/2020
0.590 0.210 0.260 0.260 7174WA CAB-WA 0.260 0.005 8.8 0.450 0.170 -4.44 08/02/2020 0.150 0.025 0.040 0.040 3379WB INSAS-WB 0.040 0.005 10 0.815 1.000 27.61 25/02/2020
0.380 0.150 0.265 0.245 7154WA CAELY-WA 0.265 0.015 131 0.455 0.190 0.00 22/04/2021 0.100 0.040 0.040 0.040 196122 IOICORP-C22 0.040 -0.005 15.4 4.200 4.300 6.19 31/03/2020
0.130 0.005 — — 7076WA CBIP-WA 0.005 — — 0.485 2.400 395.88 06/11/2019 0.080 0.045 0.055 0.055 5249CW IOIPG-CW 0.055 0.005 100 1.140 1.280 21.93 30/04/2020
0.175 0.070 0.090 0.090 7035WA CCK-WA 0.090 -0.005 31.2 0.500 0.900 98.00 18/06/2023 0.685 0.150 0.680 0.605 4723WB JAKS-WB 0.670 0.055 1693.1 0.990 0.640 32.32 13/12/2023
0.110 0.030 0.035 0.035 102348 CIMB-C48 0.035 0.005 180 4.920 5.200 9.96 31/01/2020 0.170 0.050 0.085 0.080 0111WC K1-WC 0.085 0.005 407.5 0.205 0.300 87.80 30/12/2021
0.075 0.005 — — 102349 CIMB-C49 0.005 — — 0.839 5.880 603.81 04/11/2019 0.040 0.010 0.025 0.020 0170WA KANGER-WA 0.025 0.005 292 0.070 0.100 78.57 13/04/2020
0.105 0.025 0.025 0.025 102351 CIMB-C51 0.025 -0.050 0.2 4.920 5.500 14.33 23/12/2019 0.030 0.015 0.025 0.025 3115WC KBUNAI-WC 0.025 Unch 255.5 0.105 0.131 48.57 20/10/2023
0.110 0.020 0.020 0.020 102353 CIMB-C53 0.020 -0.010 10 4.920 5.250 8.74 29/11/2019 0.345 0.140 0.255 0.245 7161WB KERJAYA-WB 0.255 0.010 70.7 1.370 1.600 35.40 28/02/2023
0.125 0.105 0.105 0.105 102355 CIMB-C55 0.105 Unch 30 4.920 5.080 13.92 28/08/2020 0.025 0.005 — — 0036WB KGROUP-WB 0.005 — — 0.030 0.200 583.33 01/05/2020
0.060 0.015 0.020 0.020 285216 CMSB-C16 0.020 0.005 15 2.430 3.350 39.92 20/02/2020 0.400 0.200 0.280 0.260 5171WA KIMLUN-WA 0.280 0.020 34.3 1.250 1.680 56.80 12/03/2024
0.090 0.010 0.020 0.015 285217 CMSB-C17 0.015 -0.005 558 2.430 3.150 31.48 14/02/2020 0.315 0.010 0.140 0.125 7164WB KNM-WB 0.125 -0.005 9995.8 0.395 1.000 184.81 21/04/2020
0.430 0.110 0.300 0.235 8125WB DAIBOCI-WB 0.300 0.055 14.1 1.990 2.500 40.70 19/06/2022 0.100 0.010 0.055 0.050 7017WB KOMARK-WB 0.050 -0.005 155 0.285 0.230 -1.75 21/01/2020
0.440 0.175 0.235 0.230 5276WA DANCO-WA 0.235 0.010 83 0.500 0.300 7.00 22/05/2022 0.040 0.030 0.040 0.040 5878CV KPJ-CV 0.040 0.005 20 0.920 0.980 15.22 29/05/2020
0.255 0.165 0.255 0.255 5141CX DAYANG-CX 0.255 0.065 10 2.130 1.680 14.79 30/10/2020 0.030 0.005 0.015 0.015 5172WA KSTAR-WA 0.015 -0.005 30 0.095 0.080 0.00 10/04/2021
0.235 0.150 0.235 0.200 5141CY DAYANG-CY 0.235 0.040 481 2.130 1.880 21.36 30/10/2020 0.035 0.005 0.010 0.010 0018WB LAMBO-WB 0.010 0.005 1050 0.050 0.160 240.00 29/04/2024
0.015 0.005 0.005 0.005 7179WB DBE-WB 0.005 Unch 11.6 0.030 0.050 83.33 22/01/2022 0.245 0.125 0.165 0.160 9385WA LAYHONG-WA 0.160 Unch 715.3 0.445 0.400 25.84 13/10/2021
0.140 0.030 0.065 0.055 3484WA DBHD-WA 0.065 0.005 283.7 0.415 0.580 55.42 27/11/2020 0.260 0.135 0.140 0.140 8494WB LBICAP-WB 0.140 Unch 60 0.645 0.500 -0.78 24/06/2024
0.135 0.060 0.065 0.060 727748 DIALOG-C48 0.060 -0.005 0.2 3.410 3.700 14.66 23/01/2020 0.350 0.040 0.055 0.045 5789WB LBS-WB 0.050 Unch 161.5 0.495 0.560 23.23 04/10/2020
0.105 0.075 0.080 0.075 727750 DIALOG-C50 0.075 Unch 0.2 3.410 3.380 10.12 08/05/2020 0.060 0.010 0.040 0.035 6633CK LHI-CK 0.040 Unch 300 0.920 0.950 11.96 28/02/2020
0.055 0.005 0.055 0.050 727751 DIALOG-C51 0.050 -0.005 0.2 3.410 3.680 15.25 30/04/2020 0.255 0.170 0.250 0.240 6633CL LHI-CL 0.250 Unch 285.4 0.920 0.750 8.70 28/08/2020
0.140 0.060 0.085 0.085 694730 DIGI-C30 0.085 Unch 100 4.720 4.600 8.26 30/04/2020 0.110 0.070 0.105 0.100 6633CM LHI-CM 0.105 Unch 229.8 0.920 0.900 13.80 30/04/2020
0.040 0.015 — — 0029WB DIGISTA-WB 0.015 — — 0.045 0.260 511.11 04/04/2023 0.082 0.005 — — 7126WA LONBISC-WA 0.005 — — 0.095 0.800 747.37 26/01/2020
0.135 0.045 0.070 0.060 4456WD DNEX-WD 0.065 Unch 8315.2 0.275 0.500 105.45 30/07/2021 0.040 0.015 0.025 0.020 5068WA LUSTER-WA 0.025 0.005 212.5 0.075 0.100 66.67 03/06/2022
0.060 0.015 0.020 0.020 5265WA DOLPHIN-WA 0.020 0.005 30 0.100 0.800 720.00 29/03/2021 0.050 0.020 0.030 0.025 5068WB LUSTER-WB 0.030 Unch 321.5 0.075 0.100 73.33 26/05/2023
0.050 0.015 0.025 0.025 7198WB DPS-WB 0.025 Unch 80 0.055 0.100 127.27 15/01/2025 0.055 0.005 — — 0140WA MACPIE-WA 0.010 — — 0.125 0.480 292.00 17/02/2021
0.330 0.065 0.155 0.150 161975 DRBHCOMC75 0.150 -0.010 238 2.400 2.000 2.08 31/12/2019 0.125 0.035 0.055 0.045 858321 MAHSING-C21 0.050 0.015 504.1 0.785 0.880 18.47 28/08/2020
0.320 0.110 0.135 0.130 161977 DRBHCOMC77 0.130 -0.005 1870.2 2.400 2.100 3.75 26/11/2019 0.065 0.005 0.010 0.005 8583WC MAHSING-WC 0.005 Unch 2293.8 0.400 2.100 426.25 21/02/2020
0.285 0.060 0.120 0.115 161979 DRBHCOMC79 0.115 -0.005 724 2.400 2.200 6.04 28/02/2020 0.235 0.035 0.045 0.045 5236WA MATRIX-WA 0.045 -0.010 20 1.900 2.400 28.68 20/07/2020
0.215 0.050 0.065 0.065 161981 DRBHCOMC81 0.065 Unch 560 2.400 2.700 20.08 20/12/2019 0.090 0.030 0.030 0.030 601210 MAXIS-C10 0.030 Unch 184.9 5.410 5.600 6.28 31/12/2019
0.310 0.090 0.125 0.120 161982 DRBHCOMC82 0.120 -0.005 155.2 2.400 2.100 2.50 29/11/2019 0.140 0.055 0.060 0.055 601212 MAXIS-C12 0.055 -0.010 85.3 5.410 5.400 4.90 29/11/2019
0.260 0.115 0.135 0.135 161983 DRBHCOMC83 0.135 -0.005 80 2.400 2.100 10.00 29/05/2020 0.065 0.005 — — 115552 MAYBANKC52 0.005 — — 2.874 9.500 231.77 29/11/2019
0.180 0.050 0.060 0.060 161985 DRBHCOMC85 0.060 Unch 196 2.400 2.880 27.50 28/02/2020 0.060 0.015 0.020 0.020 115559 MAYBANKC59 0.020 Unch 100 8.530 9.000 7.62 30/04/2020
0.195 0.055 0.075 0.065 161986 DRBHCOMC86 0.065 -0.005 1192.1 2.400 3.080 35.92 31/03/2020 0.150 0.105 0.110 0.110 115560 MAYBANKC60 0.110 Unch 50 8.530 8.880 10.55 31/03/2020
0.265 0.105 0.125 0.115 161987 DRBHCOMC87 0.115 -0.005 73.8 2.400 2.480 17.71 30/04/2020 0.500 0.180 0.310 0.310 5983CI MBMR-CI 0.310 -0.005 199.6 3.980 3.880 13.07 11/02/2020
0.210 0.070 0.085 0.080 161988 DRBHCOMC88 0.080 Unch 62.8 2.400 2.880 30.00 08/05/2020 0.365 0.130 0.250 0.245 5983CJ MBMR-CJ 0.250 0.005 122 3.980 3.180 5.03 30/04/2020
0.190 0.060 0.080 0.080 161989 DRBHCOMC89 0.080 Unch 110.2 2.400 2.700 22.50 30/06/2020 0.185 0.110 0.110 0.110 5983CK MBMR-CK 0.110 Unch 60 3.980 4.600 28.02 31/03/2020
0.125 0.090 0.105 0.105 161991 DRBHCOMC91 0.105 0.015 200 2.400 2.880 33.13 28/08/2020 0.200 0.145 0.145 0.145 5983CL MBMR-CL 0.145 Unch 22.9 3.980 4.380 24.62 27/04/2020
0.145 0.110 0.125 0.125 161992 DRBHCOMC92 0.125 -0.005 1000 2.400 2.300 13.02 16/03/2020 0.070 0.025 0.030 0.030 117125 MBSB-C25 0.030 Unch 50 0.840 0.880 9.23 28/02/2020
0.125 0.105 0.125 0.120 161994 DRBHCOMC94 0.125 Unch 902.6 2.400 2.600 22.92 30/04/2020 0.105 0.045 — — 5040WA MERIDIAN-WA 0.085 — — 0.065 0.500 800.0 13/08/2021
0.470 0.050 0.450 0.435 5216WA DSONIC-WA 0.445 0.010 4249.8 0.945 1.090 62.43 05/07/2023 0.030 0.005 0.005 0.005 5040WB MERIDIAN-WB 0.005 -0.005 2.5 0.065 0.900 1,293 22/04/2022
0.850 0.160 0.190 0.180 7165WA DWL-WA 0.190 -0.005 14 0.520 0.600 51.92 07/04/2021 0.035 0.005 — — 5040WC MERIDIAN-WC 0.015 — — 0.065 0.800 1,154 24/08/2024
0.090 0.025 0.035 0.030 5178WA DYNACIA-WA 0.035 Unch 119 0.075 0.120 106.67 26/12/2023 0.280 0.050 0.280 0.205 7234WA MESB-WA 0.280 0.075 1112 0.475 0.300 22.11 27/12/2022
0.010 0.005 — — 0154WD EAH-WD 0.005 — — 0.015 0.050 266.67 25/10/2022 0.205 0.145 0.195 0.195 3069CF MFCB-CF 0.195 0.005 250 4.300 3.880 8.37 16/03/2020
0.015 0.005 0.005 0.005 0154WE EAH-WE 0.005 Unch 2307.8 0.015 0.035 166.67 22/04/2023 2.080 1.010 2.070 2.010 3069WA MFCB-WA 2.050 0.050 800.3 4.300 2.220 -0.70 08/04/2020
0.320 0.070 0.205 0.195 5253WA ECONBHD-WA 0.195 Unch 3051.2 0.755 1.250 91.39 02/01/2023 0.570 0.125 0.295 0.290 3662WC MFLOUR-WC 0.295 Unch 248.2 0.610 0.680 59.84 23/01/2024
0.030 0.005 0.015 0.010 8206CV ECOWLD-CV 0.010 Unch 10.1 0.655 0.880 37.40 30/04/2020 0.160 0.095 0.115 0.110 518614 MHB-C14 0.110 0.005 600 0.920 0.880 19.57 11/02/2020
0.300 0.120 0.155 0.145 8206WA ECOWLD-WA 0.155 0.005 347 0.655 2.080 241.22 26/03/2022 0.230 0.025 0.085 0.080 5286CD MI-CD 0.085 0.010 210 2.470 2.250 6.58 26/11/2019
0.080 0.030 0.045 0.045 7471WB EDEN-WB 0.045 Unch 74.8 0.135 0.300 155.56 13/08/2021 0.010 0.005 — — 7219WA MINETEC-WA 0.005 — — 0.055 0.150 181.82 27/11/2019
0.145 0.105 0.140 0.125 1368CH EDGENTA-CH 0.140 Unch 100 3.340 3.300 11.38 29/05/2020 0.091 0.030 0.045 0.040 5576WC MINHO-WC 0.045 Unch 21.9 0.255 0.320 43.14 02/08/2021
0.015 0.010 0.015 0.010 0107WB EDUSPEC-WB 0.015 0.005 4728.3 0.035 0.050 85.71 30/09/2024 0.180 0.050 0.180 0.180 381623 MISC-C23 0.180 0.025 10 8.400 7.500 4.29 29/05/2020
0.220 0.060 0.075 0.075 8907WC EG-WC 0.075 Unch 230 0.405 0.500 41.98 03/11/2020 0.240 0.160 0.240 0.230 381624 MISC-C24 0.230 0.015 236.4 8.400 7.250 5.48 29/05/2020
0.150 0.075 0.110 0.095 8877C1 EKOVEST-C1 0.095 -0.005 1362 0.815 0.950 34.05 31/03/2020 0.070 0.010 — — 9571WD MITRA-WD 0.020 — — 0.275 0.940 249.09 23/08/2020
0.130 0.090 0.105 0.105 8877C2 EKOVEST-C2 0.105 0.010 230 0.815 0.980 46.01 28/08/2020 0.140 0.050 0.070 0.065 9571WE MITRA-WE 0.070 Unch 101 0.275 0.940 267.27 17/04/2023
0.095 0.020 0.035 0.030 8877CU EKOVEST-CU 0.030 Unch 653 0.815 1.100 43.80 20/12/2019 0.025 0.005 — — 0085WA MLAB-WA 0.010 — — 0.035 0.090 185.71 24/04/2020
0.130 0.040 0.050 0.050 8877CW EKOVEST-CW 0.050 0.010 100 0.815 0.980 44.79 09/12/2019 0.160 0.055 0.145 0.145 0034WB MMAG-WB 0.145 Unch 112.5 0.380 0.200 -9.21 27/11/2022
0.145 0.065 0.100 0.080 8877CX EKOVEST-CX 0.080 -0.005 2421.6 0.815 0.880 27.61 30/04/2020 0.014 0.005 — — 219413 MMCCORPC13 0.005 — — 0.177 1.380 685.31 14/10/2019
0.155 0.075 0.115 0.100 8877CY EKOVEST-CY 0.100 Unch 2048.2 0.815 0.830 26.38 29/05/2020 0.025 0.005 0.010 0.005 0103WA MNC-WA 0.005 -0.005 739.2 0.030 0.100 250.00 05/11/2021
0.085 0.045 0.065 0.055 8877CZ EKOVEST-CZ 0.055 Unch 2400 0.815 1.000 38.90 11/02/2020 0.070 0.015 0.020 0.015 0103WB MNC-WB 0.015 -0.005 864.6 0.030 0.060 150.00 05/09/2024
0.215 0.115 0.205 0.190 7249WB EWEIN-WB 0.195 -0.005 2098.1 0.630 0.800 57.94 24/09/2022 0.025 0.005 0.005 0.005 0070WA MQTECH-WA 0.005 -0.005 10 0.025 0.100 320.00 21/11/2021
0.250 0.090 0.120 0.115 5283WA EWINT-WA 0.120 Unch 1558.5 0.775 1.450 102.58 04/04/2022 0.375 0.010 0.020 0.015 165141 MRCB-C41 0.020 -0.005 581 0.735 0.800 11.56 29/11/2019
0.080 0.005 — — 06507A FBMKLCI-C7A 0.005 — — 323.53 1,650 411.08 31/10/2019 0.165 0.005 0.010 0.005 165146 MRCB-C46 0.005 Unch 580.3 0.735 1.000 37.07 31/01/2020
0.110 0.005 0.010 0.010 06507B FBMKLCI-C7B 0.010 0.005 100 638.62 1,625 155.55 29/11/2019 0.145 0.030 0.030 0.030 165147 MRCB-C47 0.030 -0.005 10 0.735 0.955 38.10 31/03/2020
0.215 0.040 0.050 0.045 06507E FBMKLCI-C7E 0.050 0.005 65 1,567 1,660 7.49 31/01/2020 0.115 0.065 0.085 0.075 165154 MRCB-C54 0.075 -0.010 1440 0.735 0.830 26.19 31/03/2020
0.040 0.010 0.010 0.010 06507H FBMKLCI-C7H 0.010 Unch 99 544.71 1,700 213.38 31/01/2020 0.105 0.075 0.090 0.075 165155 MRCB-C55 0.075 -0.015 2708 0.735 0.780 21.43 27/04/2020
0.070 0.035 0.040 0.040 06507L FBMKLCI-C7L 0.040 0.005 210 1,567 1,600 3.85 28/02/2020 0.370 0.180 0.235 0.220 1651WB MRCB-WB 0.225 -0.005 836.2 0.735 1.250 100.68 29/10/2027
0.205 0.150 0.165 0.165 06507N FBMKLCI-C7N 0.165 0.010 980 1,567 1,640 7.78 31/03/2020 0.025 0.005 0.005 0.005 0092WB MTOUCHE-WB 0.005 Unch 100 0.105 0.480 361.90 16/03/2020
0.050 0.035 0.050 0.045 06507O FBMKLCI-C7O 0.050 0.005 465 1,567 1,590 3.66 31/03/2020 0.045 0.005 0.025 0.015 0092WC MTOUCHE-WC 0.020 -0.005 738 0.105 0.200 109.52 02/11/2020
0.250 0.030 0.120 0.120 06508C FBMKLCI-H8C 0.120 -0.025 6 1,567 1,650 10.62 31/10/2019 0.040 0.010 0.015 0.010 0043WA MTRONIC-WA 0.015 Unch 138 0.050 0.080 90.00 16/04/2022
0.145 0.035 0.100 0.100 06508D FBMKLCI-H8D 0.100 -0.010 50 1,567 1,625 8.13 29/11/2019 0.390 0.115 0.195 0.195 13860 MYEG-C60 0.195 0.025 0.1 1.440 1.100 3.47 29/11/2019
0.330 0.210 0.275 0.270 06508F FBMKLCI-H8F 0.275 -0.015 540 1,567 1,610 7.97 31/12/2019 0.240 0.065 0.080 0.080 13863 MYEG-C63 0.080 Unch 250 1.440 1.200 0.00 23/10/2019
0.220 0.120 0.190 0.190 06508G FBMKLCI-H8G 0.190 -0.010 725 1,567 1,640 10.69 31/01/2020 0.165 0.025 0.030 0.030 13869 MYEG-C69 0.030 0.005 3 1.440 1.650 20.83 31/01/2020
0.190 0.070 0.170 0.170 06508H FBMKLCI-H8H 0.170 -0.015 56 1,567 1,670 14.12 31/12/2019 0.240 0.090 0.100 0.095 13871 MYEG-C71 0.095 Unch 147.4 1.440 1.350 6.94 29/11/2019
0.175 0.105 0.155 0.150 06508K FBMKLCI-H8K 0.155 -0.005 203.2 1,567 1,689 17.64 30/06/2020 0.150 0.050 0.050 0.050 13873 MYEG-C73 0.050 Unch 267.1 1.440 1.500 18.06 30/04/2020
0.130 0.065 0.095 0.095 06508L FBMKLCI-H8L 0.095 -0.010 51.5 1,567 1,589 7.43 30/06/2020 0.140 0.075 0.080 0.080 13877 MYEG-C77 0.080 Unch 330 1.440 1.750 37.08 31/03/2020
0.115 0.080 0.110 0.105 06508N FBMKLCI-H8N 0.110 -0.005 27 1,567 1,600 6.98 28/02/2020 0.075 0.040 0.065 0.065 13878 MYEG-C78 0.065 Unch 2399.9 1.440 1.980 51.04 28/02/2020
0.125 0.105 0.105 0.105 06508Q FBMKLCI-H8Q 0.105 -0.010 152.7 1,567 1,590 6.12 31/03/2020 0.095 0.045 0.045 0.045 13879 MYEG-C79 0.045 Unch 4000 1.440 2.080 53.19 31/03/2020
0.575 0.055 0.235 0.190 522267 FGV-C67 0.235 0.035 130 1.030 0.800 0.49 31/10/2019 0.115 0.095 0.105 0.105 13882 MYEG-C82 0.105 0.005 2341 1.440 1.450 21.11 31/03/2020
0.160 0.005 0.005 0.005 522270 FGV-C70 0.005 -0.005 507 0.498 1.300 162.55 29/11/2019 0.305 0.170 0.185 0.185 0108WB N2N-WB 0.185 Unch 1 0.715 0.830 41.96 08/01/2024
0.150 0.015 0.030 0.025 522276 FGV-C76 0.030 Unch 887.1 1.030 1.150 17.48 28/02/2020 0.005 0.003 0.005 0.005 0096WA NEXGRAM-WA 0.005 Unch 300 0.015 0.100 600.00 16/05/2022
0.085 0.015 0.035 0.030 522278 FGV-C78 0.035 Unch 1257 1.030 1.180 23.74 31/01/2020 0.010 0.005 0.010 0.005 0096WB NEXGRAM-WB 0.010 0.005 150.1 0.015 0.260 1,700 21/07/2023
0.050 0.020 0.025 0.025 522279 FGV-C79 0.025 Unch 10 1.030 1.400 42.72 31/03/2020 0.010 0.005 0.005 0.005 0096WC NEXGRAM-WC 0.005 Unch 20 0.015 0.100 600.00 15/01/2024
0.130 0.045 0.085 0.080 522280 FGV-C80 0.085 -0.005 240 1.030 1.050 14.32 30/06/2020 0.335 0.100 0.125 0.125 7241WA NGGB-WA 0.125 -0.005 55 0.390 0.600 85.90 18/10/2020
0.170 0.085 0.170 0.135 522281 FGV-C81 0.160 0.015 3330.2 1.030 0.950 13.98 31/03/2020 0.045 0.010 0.025 0.025 7139WB NICE-WB 0.025 -0.005 350 0.050 0.060 70.00 22/01/2024
0.115 0.065 0.115 0.090 522282 FGV-C82 0.105 0.010 3039.8 1.030 1.080 20.15 13/04/2020 0.095 0.045 0.060 0.055 7215WB NIHSIN-WB 0.055 -0.005 1031.5 0.165 0.138 16.97 13/05/2022
0.145 0.085 0.145 0.120 522283 FGV-C83 0.140 0.015 82.6 1.030 0.950 12.62 30/07/2020 0.375 0.150 0.300 0.280 0083WC NOTION-WC 0.285 0.005 681.4 0.725 0.840 55.17 14/03/2023
0.120 0.075 0.120 0.100 522284 FGV-C84 0.115 0.010 2719.2 1.030 0.980 17.48 30/10/2020 0.150 0.060 0.125 0.115 0172WA OCK-WA 0.115 Unch 7174.5 0.615 0.710 34.15 15/12/2020
0.035 0.015 0.015 0.015 0150WB FINTEC-WB 0.015 Unch 10 0.050 0.150 230.00 03/12/2022 0.125 0.045 0.060 0.060 7071WD OCR-WD 0.060 Unch 446.9 0.270 0.220 3.70 18/02/2022
0.195 0.125 0.180 0.175 0128CA FRONTKN-CA 0.180 Unch 2030 1.720 1.380 11.63 30/06/2020 0.145 0.030 0.060 0.055 0079WA ORION-WA 0.060 Unch 495.1 0.090 0.170 155.56 26/07/2022
0.145 0.090 0.130 0.125 0128CB FRONTKN-CB 0.130 Unch 2312.6 1.720 1.680 20.35 30/06/2020 0.100 0.020 0.025 0.025 5053WC OSK-WC 0.025 Unch 7.3 0.960 1.200 27.60 22/07/2020
0.110 0.070 0.085 0.085 0128CD FRONTKN-CD 0.085 -0.005 20 1.720 1.880 24.13 31/03/2020 0.265 0.100 0.170 0.165 5260WA OWG-WA 0.170 0.005 113.6 0.535 0.800 81.31 29/09/2023
0.125 0.080 0.080 0.080 0128CE FRONTKN-CE 0.080 -0.005 0.2 1.720 1.750 15.70 26/03/2020 0.150 0.045 0.075 0.075 5125WA PANTECH-WA 0.075 -0.010 218 0.500 0.500 15.00 21/12/2020
0.100 0.075 0.080 0.080 0128CF FRONTKN-CF 0.080 Unch 400 1.720 2.180 40.70 16/03/2020 0.305 0.185 0.195 0.190 1724WA PARAMON-WA 0.195 Unch 295 1.310 1.790 51.53 28/07/2024
0.145 0.130 0.135 0.130 0128CG FRONTKN-CG 0.130 -0.005 104.4 1.720 1.600 15.70 26/06/2020 0.110 0.040 — — 6912WA PASDEC-WA 0.040 — — 0.350 1.000 197.14 03/07/2023
3.280 0.580 3.280 3.200 7184WA G3-WA 3.250 0.050 22 3.420 0.100 -2.05 02/10/2022 0.055 0.025 0.030 0.030 7225WB PA-WB 0.030 0.005 1.5 0.055 0.060 63.64 17/12/2022
0.450 0.075 0.215 0.205 9261WB GADANG-WB 0.210 Unch 1054.4 0.675 1.060 88.15 29/11/2021 0.150 0.005 — — 129530 PBBANK-C30 0.005 — — 2.332 26.500 1,040 23/10/2019
0.280 0.110 0.210 0.200 539867 GAMUDA-C67 0.200 Unch 210.4 3.770 3.000 0.80 31/01/2020 0.100 0.005 0.005 0.005 129533 PBBANK-C33 0.005 Unch 439.9 6.707 23.000 244.04 31/01/2020
0.260 0.120 0.155 0.150 539869 GAMUDA-C69 0.155 Unch 80.3 3.770 3.250 2.65 29/11/2019 0.125 0.005 0.005 0.005 129534 PBBANK-C34 0.005 -0.005 40.4 1.759 23.500 1,240 23/12/2019
0.215 0.130 0.155 0.155 539870 GAMUDA-C70 0.155 0.020 7.3 3.770 3.500 13.40 29/05/2020 0.150 0.065 0.070 0.070 129538 PBBANK-C38 0.070 Unch 610 19.160 20.500 11.38 15/05/2020
0.110 0.055 0.080 0.080 539874 GAMUDA-C74 0.080 Unch 520 3.770 3.880 11.41 14/02/2020 0.085 0.035 0.035 0.035 129539 PBBANK-C39 0.035 Unch 400 19.160 22.000 17.01 29/05/2020
0.105 0.065 0.075 0.075 539875 GAMUDA-C75 0.075 Unch 200 3.770 4.500 27.32 28/02/2020 0.315 0.035 0.160 0.145 6068WA PCCS-WA 0.160 0.015 7205.5 0.430 0.600 76.74 25/12/2022
0.125 0.100 0.120 0.115 539876 GAMUDA-C76 0.115 Unch 630 3.770 4.000 19.83 30/04/2020 0.200 0.005 — — 518330 PCHEM-C30 0.005 — — 2.487 8.900 259.17 23/10/2019
0.400 0.125 0.290 0.270 5398WE GAMUDA-WE 0.275 -0.005 947.4 3.770 4.050 14.72 06/03/2021 0.085 0.005 0.010 0.005 518333 PCHEM-C33 0.010 0.005 48.6 7.280 8.880 23.21 31/01/2020
0.520 0.135 0.390 0.370 5226WB GBGAQRS-WB 0.380 -0.015 2088 1.280 1.120 17.19 26/09/2023 0.170 0.090 0.120 0.120 518338 PCHEM-C38 0.120 0.005 340 7.280 6.950 8.65 15/05/2020
0.225 0.130 0.220 0.200 5102CG GCB-CG 0.205 -0.015 209.8 4.560 4.100 12.39 15/05/2020 0.120 0.075 0.080 0.075 518339 PCHEM-C39 0.075 -0.005 0.2 7.280 7.600 12.64 29/05/2020
0.195 0.110 0.195 0.175 5102CH GCB-CH 0.175 -0.005 228.2 4.560 4.380 14.09 31/03/2020 0.185 0.110 0.130 0.125 518340 PCHEM-C40 0.130 0.005 110 7.280 7.300 10.99 31/03/2020
0.200 0.110 0.190 0.180 5102CI GCB-CI 0.180 -0.015 226.1 4.560 4.100 9.65 13/04/2020 0.085 0.070 0.080 0.080 518342 PCHEM-C42 0.080 0.010 40 7.280 7.700 11.26 30/07/2020
0.045 0.040 0.045 0.045 0078CR GDEX-CR 0.045 0.005 50 0.285 0.310 24.56 26/06/2020 0.015 0.005 0.010 0.010 6254WB PDZ-WB 0.010 0.005 2130 0.035 0.100 214.29 29/01/2023
0.170 0.020 0.025 0.025 0078WB GDEX-WB 0.025 0.005 50 0.285 0.383 42.98 05/02/2020 0.540 0.195 0.525 0.500 7160CA PENTA-CA 0.515 0.020 9.3 4.690 2.700 1.49 29/05/2020
0.300 0.010 0.015 0.010 471550 GENM-C50 0.010 -0.010 1201 2.034 3.077 52.69 31/10/2019 0.450 0.160 0.405 0.405 7160CC PENTA-CC 0.405 0.030 0.5 4.690 3.400 2.72 31/01/2020
0.250 0.045 0.055 0.055 471557 GENM-C57 0.055 Unch 711.6 3.050 3.300 15.41 28/02/2020 0.335 0.115 0.295 0.280 7160CD PENTA-CD 0.295 0.025 312 4.690 3.500 2.93 20/02/2020
0.100 0.055 0.060 0.060 471560 GENM-C60 0.060 0.005 50 3.050 4.280 47.41 31/03/2020 0.420 0.125 0.375 0.355 7160CE PENTA-CE 0.375 0.035 313 4.690 3.400 4.48 28/02/2020
0.150 0.110 0.115 0.110 471563 GENM-C63 0.110 -0.010 1589 3.050 3.400 25.18 30/04/2020 0.350 0.110 0.310 0.290 7160CF PENTA-CF 0.300 0.020 1413 4.690 3.880 5.12 16/03/2020
0.090 0.055 0.060 0.055 471564 GENM-C64 0.055 -0.005 436 3.050 3.400 18.69 15/05/2020 0.370 0.145 0.315 0.295 7160CG PENTA-CG 0.310 0.025 1246.4 4.690 4.080 8.81 13/03/2020
0.145 0.105 0.115 0.110 471565 GENM-C65 0.110 Unch 1471 3.050 2.900 9.51 29/05/2020 0.285 0.205 0.250 0.235 7160CH PENTA-CH 0.245 0.025 517.6 4.690 4.800 20.63 30/04/2020
0.188 0.005 0.005 0.005 318265 GENTINGC65 0.005 Unch 80 0.840 7.880 839.29 04/11/2019 0.160 0.135 0.160 0.145 7160CI PENTA-CI 0.160 0.015 1320 4.690 4.880 21.11 22/05/2020
TUES DAY O CTOB E R 1 5 , 20 1 9 • 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 rise over 1% on trade
war truce but concerns over deal
durability
SHANGHAI: China’s key benchmarks rose
more than 1% yesterday, led by technology
and financial shares as investors cheered
signs of progress in the US-China trade talks,
although doubts over a durable deal between
the two economic powerhouses and China’s
economic health capped the upside.
The blue-chip CSI 300 Index gained
1.06% to 3,911.73 points, while the Shanghai
Composite Index rose 1.15% to 3,007.88.
Investors welcomed signs of an improvement
in trade relations between Washington and
Beijing after US President Donald Trump last
Friday outlined the first phase of a deal to end
the trade war with China and suspended a
threatened tariff hike due to take effect today.
The emerging deal, covering agriculture,
currency and some aspects of intellectual
property protections, would represent
the biggest step by the two countries in 15
months to end the tit-for-tat tariff war, though
Trump said it could take up to five weeks to
get a pact written.
“It’s a shot in the arm for the market,”
Guosheng Securities analyst Zhang Qiyao
wrote, describing the limited deal as “better
than expected”.
JP Morgan Asset Management’s chief
market strategist Asia, Tai Hui, said the market
optimism might not be well supported by
economic reality.
“We have seen a truce established and
then broken before,” Tai wrote. “Chief
executive officers are not going to restart
investing again merely because of the latest
round of agreement between the two sides.
The fundamental outlook for global growth
has not changed on the back of the latest
announcement.”
Nomura strategist Ting Lu said that the
near-term agreement did little to suggest
that the two sides had bridged fundamental
differences on trade, China’s structural
policies and national security that have
been growing challenges in recent years.
“We still see high uncertainty in officially
reaching the ‘phase one’ deal,” Lu wrote in
note.
Investors now wait for a slew of economic
data this week, including gross domestic
product (GDP) growth, inflation, industrial
output and trade figures, for further clues
about the local economy.
China’s exports fell at a faster pace in
September, while imports contracted for
a fifth straight month, pointing to further
weakness in the economy and underlining
the need for more stimulus as the US-China
trade war drags on.
Normura’s Lu, who expects China’s
GDP growth to drop to 5.9% year-on-year
in the third quarter and 5.8% in the fourth,
from 6.2% in the second quarter, said “the
truce between US and China might boost
sentiment, but we maintain our view that
the worst is yet to come”.
Financial firms led the gains, as China
launched timetable for full financial sector
opening. Tech shares also posted solid gains.
Hong Kong stocks rose yesterday on
signs of progress in US-China trade talks, but
the gains were capped by doubts over the
durability of a partial preliminary deal, and
lingering worries about China’s economy.
The Hang Seng Index rose 213.41 points
or 0.81% to 26,521.85, while the Hang Seng
China Enterprises Index gained 55.27 points
or 0.53% to 10,507.85.
Australia — Shares gain for third day on
trade talk optimism
SYDNEY: Australian shares ended higher
for a third straight session yesterday, aided
mainly by gains in financials and energy
stocks, as signs of headway in US-China
trade talks prompted investors to move back
into riskier assets.
The S&P/ASX 200 Index closed up 35.800
points or 0.54% at 6,642.6, following a 0.9%
gain last Friday.
Renewed geopolitical tensions in the
Middle East boosted energy firms, as the
index gained about 3%, the most it has put
on in nearly a month.
Santos Ltd was the top percentage gainer
among energy firms, climbing 5.7% after
saying it would buy ConocoPhillips’ northern
Australian business for US$1.39 billion in a
deal that would boost the Australian oil and
gas group’s output by 25%.
The “big four” banks rose between 0.4%
and 0.7% despite a government decision to
direct Australia’s competition regulator to
conduct an inquiry into why banks did not
pass on recent rate cuts in full.
“The problem is the regulators have set
the banks free from the Reserve Bank of
Australia so it’s very hard to complain now,”
said Henry Jennings, senior analyst and
portfolio manager at Marcustoday Financial
Newsletter.
“Any action is just really a peripheral issue
for the banks. The remediation costs are the
bigger problem and quantifying those is a
positive for the sector,” he said, adding that
the focus is now shifting to bank earnings
at the end of the month.
Australia and New Zealand Banking
Group and National Australia Bank have
already reported expected remediation
costs to compensate customers for past
wrongdoings.
Miners also advanced on the day, with
diversified players and index heavyweights
BHP Group and Rio Tinto adding about 2%
and 2.2% respectively.
The New Zealand benchmark ended
about 1% higher at 11,026.6 points, its highest
closing level since Sept 10.
SKY Network Television finished as the
top percentage performer, gaining more
than 19%, after signing a broadcast deal with
some rugby unions, while Fisher & Paykel
Healthcare hit a record high on upgraded
guidance. — Reuters

Shanghai Composite Hang Seng ASX 200 FT Straits Times

Index points Index points
Index points Index points
5800 33800 6900
3,007.88 26,521.85 3700
+34.23 +213.41 2,774.06
29305 21,056.93
(+1.15%) (+0.81%)
4825 6040 3375

3850 24810 5180 3050

3,087.842 6,642.60
+35.80
2875 20315 4320 (+0.54%)
2725 3,124.45
+10.48
4,686.53 (+0.34%)
1900 15820 3460 2400
Mar 1, 2010 Oct 14, 2019 Mar 1, 2010 Oct 14, 2019 Mar 1, 2010 Oct 14, 2019 Mar 1, 2010 Oct 14, 2019

Bursa Malaysia Equity Derivatives

Main Market & Ace Market Warrants
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
0.095 0.005 0.015 0.010 8311WC PESONA-WC 0.010 -0.005 2772.4 0.225 0.250 15.56 27/01/2020 0.105 0.060 0.060 0.060 710672 SUPERMX-C72 0.060 -0.015 50 1.520 1.600 17.11 29/05/2020
0.100 0.020 0.030 0.030 5681CY PETDAG-CY 0.030 0.005 103 23.300 25.000 11.16 31/01/2020 0.090 0.040 0.045 0.040 710674 SUPERMX-C74 0.040 -0.025 2 1.520 1.780 22.37 08/05/2020
0.120 0.015 0.035 0.030 6033CT PETGAS-CT 0.035 0.005 3.3 16.680 17.880 10.34 31/01/2020 0.140 0.090 0.095 0.090 710675 SUPERMX-C75 0.095 Unch 1069.8 1.520 1.500 15.56 31/03/2020
0.140 0.050 0.135 0.130 6033CU PETGAS-CU 0.135 0.010 2.5 16.680 16.000 4.02 30/06/2020 0.040 0.005 — — 7082WB SYF-WB 0.005 — — 0.205 0.700 243.90 11/11/2019
0.080 0.015 — — 7163WA PJBUMI-WA 0.025 — — 0.160 0.500 228.13 05/07/2022 0.045 0.015 0.020 0.020 1538WB SYMLIFE-WB 0.020 -0.005 150 0.385 0.790 110.39 11/11/2020
0.105 0.005 0.005 0.005 463434 POS-C34 0.005 -0.005 39 1.690 2.380 42.01 29/11/2019 0.320 0.065 0.145 0.135 6139CE TAKAFUL-CE 0.140 -0.015 301 6.200 5.300 -0.97 31/01/2020
0.115 0.025 0.035 0.035 463435 POS-C35 0.035 -0.005 2780 1.690 1.900 20.71 20/12/2019 0.045 0.025 0.040 0.040 6139CH TAKAFUL-CH 0.040 Unch 2 6.200 6.680 12.26 08/05/2020
0.150 0.105 0.120 0.115 463437 POS-C37 0.115 -0.005 653.5 1.690 1.600 15.09 27/04/2020 0.150 0.110 0.145 0.140 6139CJ TAKAFUL-CJ 0.145 Unch 30 6.200 6.200 11.69 31/03/2020
0.130 0.105 0.125 0.115 463438 POS-C38 0.115 -0.005 740 1.690 1.700 21.01 31/03/2020 0.115 0.090 0.105 0.100 6139CK TAKAFUL-CK 0.105 -0.010 160 6.200 6.000 6.94 30/07/2020
0.225 0.190 0.200 0.200 463439 POS-C39 0.200 -0.010 24 1.690 1.300 12.43 30/04/2020 0.055 0.030 0.050 0.045 7097WA TAWIN-WA 0.050 Unch 5981 0.110 0.200 127.27 05/08/2022
0.080 0.065 0.070 0.070 463440 POS-C40 0.070 Unch 4400 1.690 1.880 27.81 13/04/2020 0.125 0.015 0.040 0.030 7200WA TEKSENG-WA 0.035 -0.010 925.5 0.260 0.250 9.62 29/01/2020
0.075 0.070 0.070 0.070 463442 POS-C42 0.070 -0.005 1088 1.690 2.300 46.45 30/04/2020 0.170 0.030 0.155 0.095 534757 TENAGA-C57 0.095 -0.055 332 13.800 12.600 -1.81 31/01/2020
0.130 0.110 0.120 0.115 463443 POS-C43 0.115 -0.005 393.6 1.690 1.700 21.01 26/06/2020 0.165 0.105 0.115 0.115 534760 TENAGA-C60 0.115 -0.030 12 13.800 12.800 1.09 30/04/2020
0.270 0.040 0.245 0.225 8966WA PRLEXUS-WA 0.235 0.010 2338.9 0.900 1.200 59.44 14/06/2021 0.460 0.040 0.060 0.060 7252WA TEOSENG-WA 0.060 -0.005 60 1.170 1.350 20.51 29/01/2020
0.100 0.035 0.055 0.050 5070WA PRTASCO-WA 0.050 Unch 321.7 0.255 0.750 213.73 25/04/2023 0.105 0.030 — — 7889WB THRIVEN-WB 0.040 — — 0.185 0.480 181.08 05/10/2020
0.080 0.005 0.010 0.005 7145WA PSIPTEK-WA 0.005 -0.005 3685.8 0.105 0.100 0.00 16/11/2019 0.025 0.005 0.010 0.010 7079WC TIGER-WC 0.010 -0.005 39.8 0.050 0.320 560.00 11/02/2021
0.125 0.025 0.035 0.030 0186WA PTRANS-WA 0.030 -0.005 700 0.205 0.235 29.27 19/09/2020 0.255 0.025 0.060 0.050 486342 TM-C42 0.060 0.005 827.6 3.720 3.580 4.30 04/11/2019
0.120 0.035 0.040 0.040 0007WA PUC-WA 0.040 Unch 351.6 0.060 0.100 133.33 25/12/2024 0.485 0.170 0.270 0.240 486343 TM-C43 0.270 0.040 76 3.720 2.800 4.30 31/03/2020
0.760 0.210 0.625 0.600 7237WA PWROOT-WA 0.615 0.005 163 2.130 1.540 1.17 24/07/2023 0.520 0.195 0.295 0.275 486344 TM-C44 0.295 0.025 26.4 3.720 2.680 3.76 30/04/2020
0.070 0.005 — — 7498WB RALCO-WB 0.005 — — 0.230 1.000 336.96 13/12/2019 0.470 0.185 0.235 0.235 486345 TM-C45 0.235 0.040 5 3.720 2.950 4.57 20/12/2019
0.075 0.030 0.035 0.035 5272CC RANHILL-CC 0.035 -0.005 20 1.220 1.380 21.72 16/03/2020 0.270 0.060 0.095 0.085 486347 TM-C47 0.095 0.015 3115 3.720 4.000 19.02 31/01/2020
0.120 0.040 0.050 0.045 5256WA REACH-WA 0.050 0.005 2377.6 0.195 0.750 310.26 12/08/2022 0.230 0.040 0.075 0.065 486348 TM-C48 0.075 0.015 615.6 3.720 3.750 10.89 30/04/2020
0.730 0.330 0.705 0.660 0200WA REVENUE-WA 0.690 0.040 12027.3 1.620 1.250 19.75 14/01/2024 0.210 0.035 0.055 0.055 486350 TM-C50 0.055 Unch 535 3.720 4.600 30.31 31/01/2020
0.200 0.065 0.070 0.065 9954WB RGTBHD-WB 0.065 Unch 205.2 0.140 0.100 17.86 14/05/2023 0.170 0.060 0.080 0.080 486351 TM-C51 0.080 0.020 2 3.720 4.580 36.02 30/06/2020
0.115 0.015 0.040 0.035 106613 RHBBANKC13 0.035 0.005 270 5.690 5.600 1.49 29/11/2019 0.175 0.035 0.040 0.040 486352 TM-C52 0.040 Unch 250 3.720 4.900 37.10 20/02/2020
0.105 0.055 0.065 0.060 8567WB SALCON-WB 0.065 Unch 1040.3 0.225 0.300 62.22 19/07/2025 0.150 0.010 0.020 0.020 486353 TM-C53 0.020 Unch 8207.9 3.720 4.680 28.49 28/02/2020
0.055 0.030 0.030 0.030 521878 SAPNRGC78 0.030 -0.005 3000 0.265 0.380 54.72 11/02/2020 0.170 0.065 0.085 0.085 486355 TM-C55 0.085 0.020 2 3.720 4.300 27.02 26/03/2020
0.145 0.040 0.100 0.100 521879 SAPNRGC79 0.100 Unch 80 0.265 0.300 32.08 31/07/2020 0.135 0.055 0.075 0.075 486356 TM-C56 0.075 0.020 2 3.720 4.200 22.98 30/06/2020
0.080 0.055 0.060 0.060 521880 SAPNRGC80 0.060 Unch 116 0.265 0.280 28.30 28/08/2020 0.125 0.075 0.110 0.105 486357 TM-C57 0.110 0.005 335.6 3.720 3.880 19.09 15/05/2020
0.180 0.085 0.125 0.115 5218WA SAPNRG-WA 0.115 Unch 16481.5 0.265 0.490 128.30 23/01/2026 0.100 0.060 0.095 0.090 486358 TM-C58 0.095 0.005 214 3.720 4.180 25.13 29/05/2020
0.010 0.005 0.005 0.005 0109WB SCBUILD-WB 0.005 Unch 1 0.030 0.050 83.33 06/11/2019 0.175 0.120 0.175 0.155 486359 TM-C59 0.170 0.015 699.5 3.720 3.550 15.99 31/03/2020
0.170 0.015 0.150 0.135 7247WA SCGM-WA 0.150 0.020 66.7 1.250 3.960 228.80 31/07/2020 0.200 0.035 0.035 0.035 711355 TOPGLOV-C55 0.035 Unch 220 4.270 4.500 9.48 28/02/2020
0.065 0.020 0.025 0.025 0161WA SCH-WA 0.025 Unch 20 0.100 0.100 25.00 04/12/2021 0.145 0.080 0.080 0.080 711361 TOPGLOV-C61 0.080 -0.005 60 4.270 4.680 18.97 28/02/2020
0.085 0.010 0.065 0.055 4731CF SCIENTX-CF 0.055 -0.005 149 9.090 8.880 2.53 29/11/2019 0.055 0.050 0.055 0.050 711363 TOPGLOV-C63 0.050 -0.005 510 4.270 4.750 17.10 30/07/2020
0.200 0.120 0.200 0.185 4731CG SCIENTX-CG 0.185 -0.005 593.3 9.090 8.200 6.49 29/05/2020 0.260 0.075 0.090 0.085 7173WB TOYOINK-WB 0.085 -0.005 242.5 0.640 1.500 147.66 06/11/2023
0.065 0.005 0.030 0.025 7158WB SCOMI-WB 0.030 Unch 341 0.070 0.210 242.86 18/02/2023 0.010 0.005 — — 0118WB TRIVE-WB 0.005 — — 0.015 0.090 533.33 28/08/2020
0.540 0.370 0.510 0.500 0001WA SCOMNET-WA 0.500 -0.005 40.3 0.835 0.650 37.72 19/06/2024 0.110 0.030 0.030 0.030 514868 UEMS-C68 0.030 -0.040 50 0.670 0.865 38.06 31/03/2020
0.060 0.010 0.025 0.020 7073WC SEACERA-WC 0.020 -0.005 306 0.205 1.000 397.56 21/01/2021 0.085 0.030 0.030 0.030 514871 UEMS-C71 0.030 -0.005 1600 0.670 0.780 23.13 28/02/2020
0.170 0.050 0.065 0.050 5279CT SERBADK-CT 0.065 0.005 410 4.250 4.150 3.76 31/10/2019 0.085 0.015 0.045 0.040 500516 UNISEM-C16 0.040 Unch 488.8 2.590 3.500 39.77 06/01/2020
0.150 0.095 0.095 0.095 5279CU SERBADK-CU 0.095 Unch 500 4.250 4.680 19.06 31/01/2020 0.090 0.030 0.040 0.035 0060WB VC-WB 0.035 -0.005 299.5 0.150 0.150 23.33 06/05/2024
0.130 0.095 0.105 0.105 5279CV SERBADK-CV 0.105 0.010 1.5 4.250 4.280 15.53 30/04/2020 0.055 0.050 0.055 0.050 524329 VELESTO-C29 0.050 -0.100 765 0.330 0.400 42.42 13/04/2020
0.180 0.125 0.130 0.130 5279CW SERBADK-CW 0.130 0.005 50 4.250 4.580 18.47 31/03/2020 0.170 0.050 0.130 0.115 5243WA VELESTO-WA 0.125 0.005 21572 0.330 0.395 57.58 18/10/2024
0.420 0.185 0.390 0.390 7180WA SERNKOU-WA 0.390 0.030 5 0.775 0.400 1.94 20/03/2023 0.600 0.410 0.540 0.530 7240WA VERTICE-WA 0.530 -0.050 90 0.930 0.500 10.75 31/03/2024
0.055 0.030 — — 0055WA SERSOL-WA 0.035 — — 0.080 0.180 168.75 18/04/2023 0.280 0.100 0.160 0.150 0120WB VIS-WB 0.155 -0.005 848.1 0.440 0.750 105.68 16/11/2022
0.090 0.040 0.055 0.050 7246WA SIGN-WA 0.050 -0.005 553 0.460 0.970 121.74 21/04/2021 0.010 0.005 — — 0069WC VIVOCOM-WC 0.005 — — 0.015 0.070 400.00 22/01/2020
0.135 0.070 0.090 0.090 5285CL SIMEPLT-CL 0.090 0.015 60 4.800 4.650 6.25 30/04/2020 0.005 0.001 — — 0069WD VIVOCOM-WD 0.005 — — 0.015 0.070 400.00 08/07/2020
0.070 0.010 0.010 0.010 5288CO SIMEPROP-CO 0.010 -0.005 100 0.805 1.120 40.99 30/04/2020 0.010 0.005 0.005 0.005 0069WE VIVOCOM-WE 0.005 Unch 54.1 0.015 0.050 266.67 22/08/2023
0.175 0.040 — — 5213WB SNTORIA-WB 0.140 — — 0.210 0.600 252.38 09/01/2025 0.670 0.310 0.390 0.380 7070WC VIZIONE-WC 0.380 -0.010 207 0.880 0.700 22.73 05/02/2022
0.145 0.040 0.120 0.100 5242WA SOLID-WA 0.110 -0.005 8477.3 0.310 0.210 3.23 16/12/2020 0.135 0.075 0.105 0.100 696319 VS-C19 0.100 Unch 1540 1.300 1.250 15.38 31/01/2020
0.055 0.025 0.035 0.035 0093WA SOLUTN-WA 0.035 0.010 10 0.090 0.200 161.11 04/07/2021 0.155 0.080 0.120 0.120 696320 VS-C20 0.120 Unch 44.4 1.300 1.280 16.92 30/06/2020
0.045 0.030 0.035 0.035 866420 SPSETIA-C20 0.035 -0.010 100.3 1.330 1.880 47.93 30/04/2020 0.105 0.075 0.080 0.080 696323 VS-C23 0.080 Unch 60 1.300 1.400 24.31 30/04/2020
0.130 0.040 0.050 0.045 0129WA SRIDGE-WA 0.050 Unch 164.9 0.220 0.180 4.55 24/02/2023 0.170 0.065 0.065 0.065 967920 WCT-C20 0.065 -0.010 5.5 0.930 1.060 27.96 29/05/2020
0.185 0.090 0.120 0.120 0080WA STRAITS-WA 0.120 0.005 1414.9 0.225 0.115 4.44 10/08/2022 0.200 0.045 0.065 0.055 9679WE WCT-WE 0.060 -0.005 4076.3 0.930 2.080 130.11 27/08/2020
0.040 0.005 0.010 0.010 1201WA SUMATEC-WA 0.010 Unch 90 0.010 0.320 3,200 03/03/2021 0.180 0.085 0.100 0.090 0197WA WEGMANS-WA 0.100 0.010 228.2 0.275 0.300 45.45 13/01/2022
0.350 0.005 0.025 0.010 3743WA SUNSURIA-WA 0.025 Unch 97.2 0.650 1.500 134.62 22/07/2020 0.170 0.050 0.095 0.085 0162WA WIDAD-WA 0.090 Unch 2908.8 0.325 0.350 35.38 05/08/2023
0.105 0.090 0.090 0.090 5211CU SUNWAY-CU 0.090 -0.010 10 1.680 1.600 5.95 08/05/2020 0.165 0.070 0.140 0.125 7245WA WZSATU-WA 0.140 0.005 3206 0.270 0.380 92.59 28/10/2024
0.450 0.210 0.390 0.385 5211WB SUNWAY-WB 0.390 0.010 251 1.680 1.720 25.60 03/10/2024 0.150 0.005 — — 7003WA Y&G-WA 0.005 — — 0.045 1.000 2,133 16/11/2019
0.060 0.005 0.035 0.025 0148WB SUNZEN-WB 0.035 -0.005 387 0.130 0.250 119.23 25/02/2021 0.035 0.005 — — 7020WB YKGI-WB 0.005 — — 0.100 0.500 405.00 28/05/2020
0.200 0.075 0.080 0.080 710669 SUPERMX-C69 0.080 Unch 140 1.520 1.450 5.92 28/02/2020 0.415 0.025 0.025 0.025 7066WA YONGTAI-WA 0.025 Unch 485.5 0.170 0.500 208.82 24/06/2020
0.080 0.020 0.025 0.020 710671 SUPERMX-C71 0.020 -0.020 200 1.520 1.880 26.97 06/01/2020
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets T UESDAY OC TOB ER 1 5 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on October 11, 2019) 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. Amsterdam-Rotterdam-Antwerp fuel oil stocks
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE In ‘000 tonnes.
ALLIANCE BANK MALAYSIA (800,000) EMPLOYEES PROVIDENT FUND BOARD 203,929,940 8/10
AMLEX 700,000 LIM SAY SOON 80,393,000 9/10
AXIS REAL ESTATE 2,965,400 KUMPULAN WANG PERSARAAN 147,505,537 10/10
INVESTMENT TRUST (DIPERBADANKAN)
BIMB 427,700 EMPLOYEES PROVIDENT FUND BOARD 218,213,501 8/10
CARIMIN PETROLEUM (250,000) TAN SRI DATO’ KAMARUZZAMAN SHARIFF 2,750,000 9/10
COMFORT GLOVES 197,900 DATO LAU ENG GUANG 132,352,000 10/10
DIALOG GROUP (2,087,100) EMPLOYEES PROVIDENT FUND BOARD 462,721,516 8/10
DUOPHARMA BIOTECH (192,700) EMPLOYEES PROVIDENT FUND BOARD 49,993,648 8/10
GAMUDA (234,000) KUMPULAN WANG PERSARAAN 174,180,234 10/10
(DIPERBADANKAN)
GLOBETRONICS TECHNOLOGY 1,307,000 EMPLOYEES PROVIDENT FUND BOARD 84,625,830 8/10
GOODWAY INTEGRATED (3,000,000) TAI BOON WEE 19,984,885 9/10
INDUSTRIES
HONG LEONG BANK (500,000) EMPLOYEES PROVIDENT FUND BOARD 257,622,921 8/10
HPMT 188,100 KU HE @ KHOO YEE HER 210,402,300 9/10
IGB (440,000) WANG TAK COMPANY LTD., HK 39,503,851 10/10
IGB REAL ESTATE (1,962,000) EMPLOYEES PROVIDENT FUND BOARD 326,304,366 8/10
INVESTMENT TRUST
IGB REAL ESTATE 1,915,100 KUMPULAN WANG PERSARAAN 190,606,600 10/10
INVESTMENT TRUST (DIPERBADANKAN)
INARI AMERTRON (2,659,500) EMPLOYEES PROVIDENT FUND BOARD 232,281,600 8/10
KELINGTON GROUP (6,000,000) PALACE STAR 67,533,490 11/10 China’s imports of US energy
KNM GROUP 864,000 INTER MERGER 246,638,445 9/10
KNM GROUP 2,000,000 IR LEE SWEE ENG 44,408,838 9/10 China imports of coal, liquefied natural gas, and crude oil from the US.
KPJ HEALTHCARE (502,300) EMPLOYEES PROVIDENT FUND BOARD 477,770,280 7/10
KUALA LUMPUR KEPONG 981,802 EMPLOYEES PROVIDENT FUND BOARD 157,864,488 8/10
LBS BINA GROUP (500,600) KUMPULAN WANG PERSARAAN 175,907,080 10/10
(DIPERBADANKAN)
LBS BINA GROUP 500,000 DATO’ LIM MOOI PANG 5,111,903 9/10
LIEN HOE CORPORATION 1,221,500 CHRISTINE HOLDING 196,115,298 9 & 10/10
M N C WIRELESS (21,970,800) CITA REALITI 97,633,733 8 & 9/10
MBM RESOURCES (500,000) EMPLOYEES PROVIDENT FUND BOARD 37,179,591 8/10
MISC (4,638,300) EMPLOYEES PROVIDENT FUND BOARD 246,392,411 24 -27
& 30/9
OMESTI 180,000 MONTEIRO GERARD CLAIR 89,518,300 9/10
PETRONAS CHEMICALS GROUP (532,700) EMPLOYEES PROVIDENT FUND BOARD 571,085,000 8/10
PETRONAS CHEMICALS GROUP 1,510,700 AMANAHRAYA TRUSTEE 427,221,600 9/10
- AMANAH SAHAM BUMIPUTERA
PPB GROUP 249,700 EMPLOYEES PROVIDENT FUND BOARD 175,437,049 8/10
PRICEWORTH INTERNATIONAL (3,600,000) MAHA GAYABINA 258,989,412 9/10
PUBLIC BANK (488,700) EMPLOYEES PROVIDENT FUND BOARD 497,993,100 8/10
PUC (60,000,000) REDHOT MEDIA INTERNATIONAL LTD 369,141,402 8/10
RHB BANK 200,000 EMPLOYEES PROVIDENT FUND BOARD 1,659,394,604 8/10
S P SETIA 200,000 KUMPULAN WANG PERSARAAN 322,515,316 10/10
(DIPERBADANKAN)
SCICOM (MSC) 229,100 EMPLOYEES PROVIDENT FUND BOARD 21,564,700 8/10
SERBA DINAMIK (1,197,200) EMPLOYEES PROVIDENT FUND BOARD 93,118,700 8/10
SERBA DINAMIK 1,500,000 KUMPULAN WANG PERSARAAN 106,707,800 10/10
(DIPERBADANKAN)
SIME DARBY 7,500,000 AMANAHRAYA TRUSTEE 2,838,501,700 9/10
- AMANAH SAHAM BUMIPUTERA
SIME DARBY PROPERTY 1,150,000 KUMPULAN WANG PERSARAAN 346,324,612 10/10 Stocks closest to year high Stocks closest to year low
(DIPERBADANKAN)
SUNWAY REAL ESTATE 150,000 KUMPULAN WANG PERSARAAN 175,423,500 10/10 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
(RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
INVESTMENT TRUST (DIPERBADANKAN)
SYARIKAT TAKAFUL (150,000) EMPLOYEES PROVIDENT FUND BOARD 50,184,847 8/10 BAT-CS 0.080 0.080 0.080 1320 IHH-C14 0.105 0.090 0.090 159.9
MALAYSIA KELUARGA SALUTE 0.900 0.830 0.900 10431.1 IOICORP-C22 0.040 0.040 0.040 15.4
TENAGA NASIONAL (235,400) EMPLOYEES PROVIDENT FUND BOARD 863,994,682 8/10 MESB-WA 0.280 0.205 0.280 1112 TEXCYCL 0.340 0.330 0.330 837.8
TENAGA NASIONAL 160,000 KUMPULAN WANG PERSARAAN 308,862,625 10/10
DAYANG-CY 0.235 0.200 0.235 481 MRCB-C47 0.030 0.030 0.030 10
(DIPERBADANKAN)
MESB 0.480 0.410 0.475 2666.6 SUPERMX-C74 0.045 0.040 0.040 2
TIGER SYNERGY 1,041,300 MISS TAN LEE CHIN 8,760,975 8/10
TIME DOTCOM 189,000 EMPLOYEES PROVIDENT FUND BOARD 58,540,000 8/10 GREATEC 1.960 1.810 1.940 6314.9 HIAPTEK-LA 0.215 0.215 0.215 1.2
TOP GLOVE CORPORATION 2,000,000 EMPLOYEES PROVIDENT FUND BOARD 185,460,222 8/10 DAYANG 2.160 1.970 2.130 24307.8 PCHEM-C39 0.080 0.075 0.075 0.2
TUNE PROTECT GROUP (1,200,000) KUMPULAN WANG PERSARAAN 44,233,400 10/10 DUFU 3.030 2.850 3.030 3018.5 GENTINGC77 0.055 0.050 0.050 0.2
(DIPERBADANKAN) CARIMIN 1.350 1.230 1.320 15572.8 AJI 16.200 15.920 15.920 30.9
TUNE PROTECT GROUP (474,600) RIVER AND MERCANTILE 42,244,000 9 & 10/10
DEGEM 1.060 1.050 1.060 19 DIALOG-C48 0.065 0.060 0.060 0.2
ASSET MANAGEMENT LLP., UK
ARMADA-C51 0.385 0.350 0.375 380 SUPERMX-C75 0.095 0.090 0.095 1069.8
UNITED PLANTATIONS 500,000 MAXIMUM VISTA 90,607,800 10/10
WESTPORTS (223,600) EMPLOYEES PROVIDENT FUND BOARD 176,103,600 8/10 AME 1.590 1.270 1.550 49751.5 SUPERMX-C71 0.025 0.020 0.020 200
WIDAD GROUP (24,000,000) WIDAD BUSINESS GROUP 1,562,458,695 9/10 ARMADA-C53 0.175 0.155 0.170 1253.7 SUNWAY-CU 0.090 0.090 0.090 10
YINSON (932,800) EMPLOYEES PROVIDENT FUND BOARD 128,106,600 8/10 MISC-C23 0.180 0.180 0.180 10 CNI 0.065 0.055 0.065 353.7
YINSON (300,000) KUMPULAN WANG PERSARAAN 105,188,100 10/10 VELESTO-C29 0.055 0.050 0.050 765 WCEHB 0.485 0.420 0.425 3241.9
(DIPERBADANKAN)
FGV-C83 0.145 0.120 0.140 82.6 STAR 0.515 0.510 0.510 226.2
YTL POWER INTERNATIONAL 9,800,000 EMPLOYEES PROVIDENT FUND BOARD 394,378,807 8/10
FGV-C84 0.120 0.100 0.115 2719.2 FCW 0.620 0.610 0.620 9.5
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with FGV-C82 0.115 0.090 0.105 3039.8 VELESTO-C29 0.055 0.050 0.050 765
Bursa Malaysia. Note: * denotes Ace Market FGV-C81 0.170 0.135 0.160 3330.2 PINEPAC 0.250 0.245 0.245 32.1
OPCOM 0.840 0.795 0.815 41766.5 IPMUDA 0.370 0.370 0.370 2
ARMADA-C52 0.180 0.175 0.180 250 HSI-H6V 0.265 0.250 0.265 20

Local event to watch out for today GPACKET-WB

UWC
0.315
1.750
0.295
1.670
0.315
1.720
172934
6016
FRONTKN-CE
HSI-H6S
0.080
0.065
0.080
0.045
0.080
0.055
0.2
36095.9
DAYANG-CX 0.255 0.255 0.255 10 BPLANT 0.625 0.610 0.625 168.2
• Nil 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 $ 0.570 0.629 0.626 0.501 0.831 0.861 0.861 0.931 2.6355 4.448 53.270 4.259 2.310 8,891 44.803 68.045 5.732 32.438 2.290 2.359 6.191 19.115 4.934
EURO 1.753 1.103 1.098 0.878 1.457 1.510 1.510 1.633 4.6212 7.800 93.406 7.469 4.051 15,590 78.560 119.312 10.050 56.878 4.015 4.137 10.856 33.518 8.651
US $ 1.590 0.907 0.995 0.796 1.321 1.369 1.369 1.480 4.1900 7.072 84.690 6.772 3.673 14,135 71.229 108.179 9.113 51.571 3.640 3.751 9.843 30.390 7.844
SWISS FR 1.597 0.911 1.005 0.800 1.327 1.376 1.376 1.487 4.2098 7.105 85.090 6.804 3.690 14,202 71.566 108.690 9.156 51.815 3.657 3.768 9.889 30.534 7.881
STERLING £ 1.997 1.139 1.256 1.250 1.659 1.719 1.719 1.859 5.2622 8.882 106.362 8.505 4.613 17,753 89.457 135.862 11.445 64.768 4.571 4.710 12.361 38.167 9.851
CANADA $ 1.204 0.686 0.757 0.754 0.603 1.036 1.036 1.121 3.1721 5.354 64.116 5.127 2.781 10,701 53.925 81.899 6.899 39.043 2.756 2.840 7.451 23.007 5.938
BRUNEI $ 1.161 0.662 0.730 0.727 0.582 0.965 1.000 1.081 3.0604 5.165 61.858 4.946 2.683 10,325 52.026 79.015 6.656 37.668 2.659 2.740 7.189 22.197 5.729
SINGAPORE $ 1.161 0.662 0.730 0.727 0.582 0.965 1.000 1.081 3.0604 5.165 61.858 4.946 2.683 10,325 52.026 79.015 6.656 37.668 2.659 2.740 7.189 22.197 5.729
AUSTRALIA $ 1.074 0.612 0.675 0.672 0.538 0.892 0.925 0.925 2.8303 4.777 57.207 4.574 2.481 9,548 48.115 73.074 6.156 34.836 2.459 2.534 6.649 20.528 5.298
MALAYSIA RM 0.379 0.216 0.239 0.238 0.190 0.315 0.327 0.327 0.353 1.0000 1.688 20.212 1.616 0.877 3,374 17.000 25.818 2.175 12.308 0.869 0.895 2.349 7.253 1.872
100 CHINESE RMB 22.481 12.821 14.141 14.074 11.259 18.678 19.360 19.360 20.934 59.2490 1,198 95.756 51.937 199,882 1,007.225 1,530 128.858 729.245 51.472 53.037 139.180 429.733 110.917
100 BANGLAD’H TAKA 1.877 1.071 1.181 1.175 0.940 1.560 1.617 1.617 1.748 4.9475 8.350 7.996 4.337 16,691 84.106 127.736 10.760 60.894 4.298 4.429 11.622 35.884 9.262
100 DANISH KRONER 23.478 13.389 14.767 14.698 11.758 19.506 20.218 20.218 21.862 61.8750 104.43 1,251 54.239 208,741 1,051.87 1,598 134.57 761.57 53.75 55.39 145.35 448.78 115.83
100 UAE DIRHAM 43.285 24.686 27.226 27.098 21.679 35.963 37.276 37.276 40.306 114.0788 192.54 2,306 184.37 384,855 1,939 2,945 248.11 1,404 99.10 102.12 267.98 827.41 213.56
1000 INA RUPIAH 0.011 0.006 0.007 0.007 0.006 0.009 0.010 0.010 0.010 0.0296 0.050 0.599 0.048 0.026 0.504 0.765 0.064 0.365 0.026 0.027 0.070 0.215 0.055
100 INDIA RUPEE 2.232 1.273 1.404 1.397 1.118 1.854 1.922 1.922 2.078 5.8824 9.928 118.897 9.507 5.156 19,845 151.874 12.793 72.401 5.110 5.266 13.818 42.665 11.012
100 JAPAN YEN 1.470 0.838 0.924 0.920 0.736 1.221 1.266 1.266 1.368 3.8732 6.537 78.287 6.260 3.395 13,067 65.844 8.424 47.672 3.365 3.467 9.098 28.092 7.251
100 NORWEGIAN KRONER 17.446 9.950 10.974 10.922 8.738 14.495 15.024 15.024 16.246 45.9800 77.605 929 74.311 40.305 155,118 781.654 1,187 565.929 39.944 41.159 108.010 333.493 86.077
100 PHILIPPINE PESO 3.083 1.758 1.939 1.930 1.544 2.561 2.655 2.655 2.871 8.1247 13.713 164.220 13.131 7.122 27,409 138.119 209.767 17.670 7.058 7.273 19.086 58.928 15.210
100 QATAR RIYAL 43.677 24.909 27.473 27.343 21.875 36.288 37.613 37.613 40.671 115.1099 194.282 2,327 186.036 100.904 388,334 1,957 2,972 250.348 1,417 103.041 270.401 834.892 215.492
100 SAUDI RIYAL 42.388 24.174 26.662 26.536 21.229 35.217 36.503 36.503 39.470 111.7125 188.547 2,258 180.545 97.926 376,872 1,899 2,884 242.959 1,375 97.049 262.421 810.251 209.132
100 SWEDISH KRONOR 16.153 9.212 10.160 10.112 8.090 13.420 13.910 13.910 15.041 42.5700 71.849 860.442 68.800 37.316 143,614 723.684 1,099 92.584 523.958 36.982 38.107 308.760 79.693
100 THAI BAHT 5.231 2.984 3.291 3.275 2.620 4.346 4.505 4.505 4.871 13.7874 23.270 278.676 22.283 12.086 46,513 234.384 355.969 29.986 169.697 11.978 12.342 32.388 25.811
100 HK$ 20.268 11.559 12.749 12.689 10.151 16.840 17.454 17.454 18.873 53.4173 90.157 1,079.692 86.331 46.825 180,208 908.087 1,379 116.175 657.468 46.405 47.817 125.481 387.436
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.
TUES DAY O CTOBE R 1 5 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

Long Rolls - KLCI futures US Dollar Klibor
FKLI
Index points Open Interest Index points USD Index Implied interest rate (%)
1980 18.00 105.0
90000 0.00
1,565.00 4.5
3.60
(+7.00) (-0.50)
(Unch)
1785 68000 4.75 96.5
3.5

1590 46000 -8.50 88.0

98.456
(+0.155) 2.5
1395 24000 -21.75
79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Oct 14, 2019 Jan 4, 2010 Oct 14, 2019 Oct 2, 2006 Oct 14, 2019 Oct 1, 2000 Oct 14, 2019

KLCI futures gain with firmer FBM KLCI futures Safe havens gain as US- Klibor
underlying cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
China trade deal hopes ebb MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,567.59 10.75 78.6M Safe-haven currencies including the US OCT9 96.40 — — —
DEC9 96.40 — — —
Malaysia Derivatives ended higher yesterday OCT 19 1,565.00 7.00 4,344 29,815 -83 dollar gained yesterday as optimism over a MAR0 96.40 — — —
in line with the firmer underlying cash NOV 19 1,564.50 6.00 139 543 13
trade deal between the US and China ebbed. JUN0 96.40 — — —
DEC 19 1,567.00 5.50 77 759 12
market. MAR 20 1,567.00 7.00 35 261 5
The greenback, Swiss franc and Japanese SEP0 96.40 — — —
At the closing bell, spot months October TOTAL yen all weakened last Friday as optimism DEC0 96.40 — — —
4,595 31,378 -53
MAR1 96.40 — — —
2019 and March 2020 advanced seven over the trade talks, together with the JUN1 96.40 — — —
points each to 1,565 and 1,567 respectively; FUTURES
OCT/NOV
ROLL OVER BID
0.5
OFFER
0.0
CLOSE
0.0
European Union and Britain restarting SEP1 96.40 — — —
November 2019 increased six points to Brexit negotiations, encouraged investors DEC1 96.40 — — —
1,564.5 and December 2019 added 5.5 points FUTURES FAIR VALUE into riskier assets. MAR2 96.40 — — —
CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE JUN2 96.40 — — —
to 1,567. OCT 19 18 2.31 0.73 1.58
US President Donald Trump last Friday SEP2 96.40 — — —
Turnover reduced to 4,595 lots from 4,812 NOV 19 47 6.26 3.82 2.44 outlined the first phase of a deal to end the DEC2 96.40 — — —
lots last Friday, while open interest narrowed ROLL’S FAIR 0.86 trade war and suspended a threatened tariff MAR3 96.40 — — —
to 31,378 contracts from 31,412 contracts. hike, but officials on both sides said much JUN3 96.40 — — —
SEP3 96.40 — — —
At 5pm, the benchmark KLCI was 10.75 more work needed to be done before an
DEC3 96.40 — — —
points higher at 1,567.59. accord could be agreed. MAR4 96.40 — — —
Southeast Asian stocks finished in The US Dollar Index against a basket of JUN4 96.40 — — —
the black yesterday, riding the optimism six major currencies gained 0.2% to 98.456, JAN-00 — — — —
surrounding the US-China trade talks, largest trading partner, capped further gains. up from a three-week low of 98.197 reached JAN-00 — — — —
TOTAL 0 0
while weak data from China, the region’s — Agencies last Friday. — 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

CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 6400 0.700 155.00 1980
200000
2,156 1,496.80
(-29) (+12.10)
3450 5075 1660
152500 0.3015 0.525 121.25
(RM2,782/tonne)
2700 3750
53.56 1340
105000 0.350 87.50 (-1.14)

1950 57500 2425 0.175 53.75 1020

2,156
1200 10000
700
1100 (-29) 0.000 20.00
Jan 6, 2008 Oct 14, 2019 Apr 10, 2007 Oct 14, 2019 Aug 31, 2008 Oct 14, 2019
Jan 6, 2008 Oct 14, 2019

Palm oil falls on worries over CPO futures Oil falls due to caution over 1st Commodities

import restrictions by India CONTRACT

OCT-19
LAST
2,073
CHANGE
-45
VOLUME
2
OPEN CHANGE IN
INTEREST OPEN INTEREST
1,018 -192
phase of US-China trade deal AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,156 -29
RUBBER SEN/KG MRB 538.50 -0.50
NOV-19 2,119 -30 1,284 9,448 -560
Malaysian palm oil futures closed lower Oil prices fell more than 2% yesterday as CORN USC/BSH CBOT 395.50 -2.25
DEC-19 2,156 -29 19,458 48,758 -282
SOYBEANS USC/BSH CBOT 937.50 1.50
yesterday as traders fretted about likely JAN-20 2,204 -29 11,885 50,757 2,073 scant details about the first phase of a trade
WHEAT USC/BSH CBOT 508.75 0.75
import restrictions by top buyer India, and FEB-20 2,251 -25 3,474 19,503 -264 deal between the US and China undercut LIVE CATTLE USC/IBS CME 112.75 0.60
tracking weakness in related edible oils. CPO FUTURES CPO/SOYOIL optimism over a US-China thaw that had COCOA US$/TON NYBOT 2,501 -22
The benchmark palm oil contract for INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) helped lift crude markets by 2% at the end COFFEE USC/IBS NYBOT 97.50 0.15
OCT/NOV -46 -97.85
December delivery on Bursa Malaysia OCT/DEC -83 3 MONTHS AVERAGE -112.20
of last week. SUGAR USC/IBS NYBOT 12.57 0.06
Derivatives ended RM29 or 1.3% lower at OCT/JAN Brent crude fell US$1.16 to US$59.35 a COTTON USC/IBS NYC 64.80 -0.01
-131 6 MONTHS AVERAGE -113.23
RM2,156, the lowest since Oct 4. NOV/DEC -37 barrel, while US West Texas Intermediate METAL & PRECIOUS METALS
TIN US$/TON KLTM 16,400 -301
Malaysian palm oil futures have been SGS & ITS EXPORT ESTIMATES (TONNES) crude lost US$1.14 to US$53.56 a barrel. COPPER USC/IBS CMX 2.6000 -0.0280
weaker since last Friday, after five days of SHIPMENT DAYS JUL’19 AUG’19 SEP’19 Last Friday, the US and China outlined GOLD US$/TROY OZ CMX 1,496.80 12.10
consecutive gains, following news that India is 1 - 10TH DAYS 366/368 476/512 338/393 the first stage of a trade deal and suspended PLATINUM US$/TROY OZ NYMEX 891.80 3.50
considering restricting imports from Malaysia 1 - 15TH DAYS 658/656 752/765 701/670
this week’s scheduled US tariff hikes. But PALLADIUM US$/TROY OZ NYMEX 1,661.50 0.60
in reaction to the Malaysian prime minister 11 -- 20TH DAYS
25TH DAYS
926/909
1,151/1,124
984/1028 945/917
1,379/1,365 1,103/1,097
existing tariffs remain in place and officials SILVER USC/TROY OZ CMX 17.58 0.09
criticising New Delhi’s actions in Kashmir. FULL MONTH on both sides said much more work was ALUMINIUM RMB/TON SHF 13,735 -85
1,438/1,380 1,662/1,645 1,328/1,304
ZINC RMB/TON SHF 18,925 -45
Reuters reported after markets closed MALAYSIAN PALM OIL BOARD needed before an accord could be agreed.
yesterday that Indian refiners have stopped JUN’19 JUL’19 AUG’19 SEP’19 “The oil market is taking a cautious stance ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 53.56 -1.14
buying Malaysian palm oil for shipments in PRODUCTION 1,519 1,738 1,822 1,842 as to what comes next given that the thorny HEATING OIL USC/GAL NYMEX 1.9122 -0.0286
November and December fearing New Delhi EXPORT STOCKS
1,383
2,424
1,485
2,391
1,733
2,252
1,409
2,448
issues of industrial policy, intellectual property NATURAL GAS US$/MMBTU NYMEX 2.512 0.055
could raise import taxes or enforce other rights, technology transfer among others were BRENT CRUDE US$/BBL ICE 59.35 -1.16
MPOB palm oil physical
measures to curtail imports from Kuala Lumpur. not addressed,” an oil strategist said. — Reuters GAS OIL US$/TON ICE 584.50 -11.25
“Indian importers would divert their (IN RM/TON) OCT’19 NOV’19 DEC’19

demand to Indonesian origin now in view CPO DELD

PK EX-MILL
2,073.00 NO TRADE
1,120.00 NO TRADE NO TRADE
2,105.00 Centrifuged Latex Rubber - M’sia SMR 20
of India’s possible restriction on Malaysian CPKO DELD NO TRADE NO TRADE 2,356.00 Sen/Kg
Sen/Kg
origins,” said Anilkumar Bagani, research RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
head of Sunvin Group, a Mumbai-based RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
vegetable oil broker. RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 421.00 1475 538.50
(+1.00)
Malaysian Prime Minister Tun Dr MPOB FFB REF PRICE (MILL GATE PRICE) (-0.50)

Mahathir Mohamad said he had not received REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
“anything official” from India. NORTH 20.00% 410 19.00% 390 18.00% 370
Meanwhile, a Kuala Lumpur-based SOUTH 20.00% 417 19.00% 397 18.00% 376
500 625
trader also told Reuters that weaker related CENTRAL 20.00% 415 19.00% 394 18.00% 374
vegetable oils and a stronger ringgit weighed EAST COAST 20.00% 413 19.00% 392 18.00% 372 300 200
SABAH 22.00% 401 21.00% 383 20.00% 364 Jan 7, 2007 Oct 14, 2019 Jan 7, 2007 Oct 14, 2019
on the market. — Reuters SARAWAK 22.00% 404 21.00% 386 20.00% 367
 Markets
32 T U ESDAY OC TOB ER 1 5 , 2 0 1 9 • TH E EDGE F I 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 PA G E 2 9
RESEARCH: TAI TS [tai@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 1,567.59 10.75 FBM ACE 4,649.20 30.07 FTSTI 3,124.45 10.48 NIKKEI 21,798.87 246.89 HANG SENG 26,521.85 213.41 DOW JONES 26,816.59 319.92

Don’t try to solve serious matters in the Market movers

middle of the night. — Philip K Dick
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 NETX 271,804.7 0.005 25.00 0.025 — 0.00
('000) (%) (RM) (RM) (RM) (RM) GPACKET-WB 172,934.0 0.020 6.78 0.315 — 0.00
Index point
1569.0 NETX 271,805 25.00 0.005 0.025 0.025 0.015 ARMADA 167,584.0 0.030 7.79 0.415 — 1.07
1568.3 GPACKET-WB 172,934 6.78 0.020 0.315 0.315 0.295 SAPNRG 107,441.9 -0.005 -1.85 0.265 — 2.44
1567.6 1,567.59 ISTONE 86,237 15.38 0.030 0.225 0.235 0.200 ISTONE 86,237.2 0.030 15.38 0.225 15.85 0.00
KL Composite Index (+10.75)
HSI-C7F 58,076 0.00 0.000 0.315 0.345 0.295 HSI-C7F 58,075.8 -0.020 -5.97 0.315 — 0.00
1566.9
1566.2 ANZO 49,854 0.00 0.000 0.025 0.030 0.015 ANZO 49,853.7 UNCH UNCH 0.025 — 0.00
AME 49,752 0.00 0.000 1.550 1.590 1.270 AME 49,751.5 0.250 19.23 1.550 — 0.00
1565.5
KLCI futures HSI-H8B 41,885 -10.91 -0.030 0.245 0.270 0.230 HSI-H8B 41,884.7 0.010 4.26 0.245 — 0.00
1564.8
VELESTO 40,598 3.13 0.010 0.330 0.340 0.320 OPCOM 41,766.5 0.040 5.16 0.815 — 4.19
1564.1 HSI-H6S 36,096 -26.67 -0.020 0.055 0.065 0.045 VELESTO 40,597.7 0.010 3.13 0.330 — 0.00
1563.4 PERDANA 31,377 4.41 0.015 0.355 0.370 0.335 JAKS 39,548.9 0.055 5.88 0.990 10.88 0.00
1562.7 1,565.00
(+7.00) BINACOM 30,551 29.51 0.090 0.395 0.415 0.315 VSOLAR 36,350.6 UNCH UNCH 0.055 — 0.00
1562.0 HSI-H8E 28,792 -8.00 -0.020 0.230 0.245 0.220 HSI-H6S 36,095.9 UNCH UNCH 0.055 — 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
ECONBHD 23,006 2.03 0.015 0.755 0.775 0.740 EKOVEST 31,845.3 0.005 0.62 0.815 12.76 1.23
GPACKET 21,701 3.50 0.025 0.740 0.755 0.720 SANICHI 31,767.5 UNCH UNCH 0.050 — 0.00
Daily FBM KLCI VELESTO-WA 21,572 4.17 0.005 0.125 0.130 0.115 PERDANA 31,377.1 0.015 4.41 0.355 — 0.00
DNEX 17,902 -1.79 -0.005 0.275 0.290 0.275 UZMA 30,791.1 0.065 6.60 1.050 10.61 0.00
BINACOM 30,551.4 0.090 29.51 0.395 14.81 3.28
KL Composite Index Moving average - 20-day Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
NAIM 29,353.1 0.040 3.96 1.050 3.09 0.00
2030.0 1,567.59 traded for a particular counter on the previous trading day is more than triple the average volume for the
(+10.75) 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

1,578.24 KLCI gains as investors cheer UP

CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

Budget 2020, partial trade deal

1425.0 NESTLE 144.300 0.400 HSI-H6Z 0.730 -0.300
BAT 17.600 0.360 GENP 9.840 -0.180
HLFG 16.320 0.280 HSI-H8G 0.975 -0.165
1122.5
HLBANK 16.500 0.280 ALLIANZ 13.800 -0.160
KUALA LUMPUR: The FBM KLCI closed 10.75 points or PETGAS 16.680 0.280 SCIENTX 9.090 -0.140
820.0 0.69% higher at 1,567.59 points yesterday, buoyed by positive PETDAG 23.300 0.260 SHANG 5.000 -0.140
Jan 2, 2008 Oct 14, 2019
sentiments brought on by the newly-announced Budget F&N 34.460 0.240 DLADY 57.780 -0.120
2020 and progress of trade talks between the US and China. HEIM 24.440 0.200 GCB 4.560 -0.110
900 Trading was in the positive territory all day and hit DUFU 3.030 0.190 HSI-H6W 0.690 -0.105
SIMEPLT 4.800 0.180 VITROX 7.900 -0.100
an intra-day high of 1,568.96 points. Nevertheless, the
600 PENTA 4.690 0.170 AJI 15.920 -0.100
benchmark index remained below the 1,600 psychological PRG 0.955 0.170 PANAMY 37.600 -0.100
300 level.
Market breadth was positive, with more gainers than Top gainers and losers (ranked by%age)
0 losers at 487 versus 367 as trading wrapped up for the day,

 
Volume (’mil) with a total turnover of 2.99 billion shares worth RM1.84 UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
billion.
FBM KLCI futures Malacca Securities Sdn Bhd senior analyst Kenneth Leong APFT 0.010 100.00 CIMB-C51 0.025 -66.67
LAMBO-WB 0.010 100.00 VELESTO-C29 0.050 -66.67
CONTRACT SETTLEMENT CHANGE HIGH LOW
told theedgemarkets.com that besides tracking regional
NEXGRAM-WB 0.010 100.00 UEMS-C68 0.030 -57.14
OCT 19 1,565.00 7.00 1,568.00 1,563.00 markets, gains in the KLCI yesterday were underpinned by FBMKLCI-C7B 0.010 100.00 MQTECH-WA 0.005 -50.00
NOV 19 1,564.50 6.00 1,568.00 1,563.50 the more rosy Budget 2020 announcement last Friday that HSI-C5S 0.010 100.00 MNC-WA 0.005 -50.00
DEC 19 1,567.00 5.50 1,572.00 1,567.00
saw a higher allocation in development expenditure at RM56 PCHEM-C33 0.010 100.00 PBBANK-C34 0.005 -50.00
billion, versus RM54.7 billion under Budget 2019. PDZ-WB 0.010 100.00 POS-C34 0.005 -50.00
FBM KLCI sensitivity* “Market sentiment was also upbeat on the positive HSI-C7H 0.035 75.00 GENM-C50 0.010 -50.00
EAH 0.015 50.00 MERIDIAN-WB 0.005 -50.00
KLCI CHANGE CLOSE VOLUME progress from the US and China’s trade negotiations as both
POINTS (RM) (RM) ('000) MSPORTS 0.015 50.00 FGV-C70 0.005 -50.00
SIME DARBY PLANTATION 1.94 0.180 4.800 935.2
parties are ready to outline phase 1 of their trade deal. As it EDUSPEC-WB 0.015 50.00 SUPERMX-C71 0.020 -50.00
IHH HEALTHCARE 1.65 0.120 5.770 351.9 is, all 13 major sectors finished in the green yesterday. MAHSING-C21 0.050 42.86 PSIPTEK-WA 0.005 -50.00
MAYBANK 1.58 0.090 8.530 4910.9 “Moving forward, the FBM KLCI might see some quick
HONG LEONG BANK 0.95 0.280 16.500 1770.0 profit-taking after three consecutive days of gains before Top gainers and losers - warrants (ranked by%age)
CIMB GROUP 0.91 0.060 4.920 7501.8 recovering towards the 1,580 resistance level. On the
PETRONAS GAS 0.87 0.280 16.680 179.5 UP CHANGE DOWN CHANGE
MISC 0.84 0.120 8.400 4539.8
downside, the support is located at the 1,550 level,” said CLOSE (%) CLOSE (%)
PETRONAS CHEMICAL 0.63 0.050 7.280 2397.0 Leong. — by Tan Xue Ying LAMBO-WB 0.010 100.00 CIMB-C51 0.025 -66.67
HONG LEONG FINANCIAL 0.50 0.280 16.320 50.6
World equity indices NEXGRAM-WB 0.010 100.00 VELESTO-C29 0.050 -66.67
PUBLIC BANK 0.49 0.080 19.160 1673.4 FBMKLCI-C7B 0.010 100.00 UEMS-C68 0.030 -57.14
RHB BANK 0.44 0.070 5.690 2714.1 CLOSE CHANGE CLOSE CHANGE HSI-C5S 0.010 100.00 MQTECH-WA 0.005 -50.00
PETRONAS DAGANG 0.40 0.260 23.300 199.2
DOW JONES 26,816.59 319.92 INDONESIA 6,126.88 21.08 PCHEM-C33 0.010 100.00 MNC-WA 0.005 -50.00
DIGI.COM 0.37 0.030 4.720 1097.5
S&P 500 2,970.27 32.14 JAPAN 21,798.87 246.89 PDZ-WB 0.010 100.00 PBBANK-C34 0.005 -50.00
MAXIS 0.24 0.020 5.410 917.3
NASDAQ 100 7,843.88 103.51 KOREA 2,067.40 22.79 HSI-C7H 0.035 75.00 POS-C34 0.005 -50.00
GENTING 0.24 0.040 5.650 3953.0
FTSE 100 7,247.08 60.72 PHILIPPINES 7,884.29 34.35 EDUSPEC-WB 0.015 50.00 GENM-C50 0.010 -50.00
TENAGA NASIONAL -0.71 -0.080 13.800 2798.1
AUSTRALIA 6,642.60 35.80 SINGAPORE 3,124.45 10.48 MAHSING-C21 0.050 42.86 MERIDIAN-WB 0.005 -50.00
SUB-TOTAL 11.34
CHINA 3,007.88 34.23 TAIWAN 11,066.95 176.99 SOLUTN-WA 0.035 40.00 FGV-C70 0.005 -50.00
OTHERS -0.59
HONG KONG 26,521.85 213.41 THAILAND 1,626.00 18.50 A50CHIN-C40 0.130 36.84 SUPERMX-C71 0.020 -50.00
GRAND TOTAL 10.75
INDIA 38,214.47 87.39 VIETNAM 993.57 1.73 MESB-WA 0.280 36.59 PSIPTEK-WA 0.005 -50.00
* How stock price changes affected the index on the previous trading day

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