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MONDAY FEBRUARY 18, 2019 ISSUE 2829/2019

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

1 4 C O M M E N T

1 9 F E AT U R E

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

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

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

Developers in Catch-22 situation over IBS adoption

Trump’s ‘national emergency’is a dangerous fraud

Singapore plans cautious budget with an eye on election

Syarikat Takaful shines among insurance stocks

TNB to extend Leo Moggie’s term as chairman — source

Bumi Armada meets with cold shoulder on debt refi nancing

Huge turnout at launch of Dasar Komuniti Negara PA G E 2

PM: Developers’ participation crucial to achieve target of one million aff ordable homes

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

Banking and plantation sectors projected to perform better.

Justin Lim has the story on Page 5.

SINGLE-DIGIT CORPORATE

EARNINGS GROWTH

SEEN FOR 2019

2 MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY

For breaking news updates go towww.theedgemarkets.com

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Huge turnout at launch of Dasar Komuniti NegaraDr M: We wish to build aff ordable houses that are suitable for families

KUALA LUMPUR: More than 5,000 people witnessed the offi cial launch of Dasar Komuniti Negara (DKN) or the National Commu-nity Policy yesterday in Puchong Indah, near here, by Prime Min-ister Tun Dr Mahathir Mohamad.

DKN is an initiative under the National Housing Policy 2.0 to im-prove the lives of PPR (Program Perumahan Rakyat) residents.

It is formulated by the Min-istry of Housing and Local Gov-ernment (KPKT) and supported by the Subang Jaya Municipal Council and EdgeProp.my.

In his speech, Dr Mahathir said the government is aiming to build one million affordable houses now but it will need the support of the private sector and the people.

“We wish to build aff ordable houses that are comfortable and suitable for families to stay in. It is pointless if the country is mov-ing forward but our people live in a poor environment,” he said.

One of the objectives of DKN is to improve the living environ-ment of the people, especially the Bottom 40% group, said KPKT

KUALA LUMPUR: Residents of several People’s Housing Projects (PPRs) in the country will soon benefi t from various corporate social responsibility (CSR) ini-tiatives by private sector com-panies under the government’s National Community Policy or Dasar Komuniti Negara (DKN).

To start the ball rolling, eight property developers and one property management firm, namely Country Garden Paci-fi cview Sdn Bhd, Gamuda Land Sdn Bhd, Mah Sing Group Bhd, MKH Bhd, OSK Property, Sun-suria Bhd, Sunway Group, UEM Sunrise Bhd and Henry Butcher Malaysia (Mont’Kiara) Sdn Bhd, have committed themselves to help the Bottom 40% (B40) group and PPR residents.

Thanks to them, selected PPRs will enjoy new facilities such as community library and even a children daycare centre while others will see their resi-dents being off ered food aid, job internship opportunities, free tuition classes and badminton courses.

Hoping to contribute to the success of DKN initiated by the Housing and Local Government

BY R A C H E L C H E W

o f Ed g e Pr o p . m y

BY S H AW N N G

o f Ed g e Pr o p . m y

minister Zuraida Kamaruddin.“Th e fi rst objective of DKN is

to empower the local communi-ties and encourage the people to involve themselves more in com-munity activities such as to manage and take care of the public assets in the community,” she added at the launch.

Some 32 DKN activities are cur-rently ongoing in Lembah Subang 2 communities under the first phase of the programme.

KPKT aims to extend the pro-gramme to 20 more PPRs out of a total 133 in the country by this year.

Under DKN, KPKT is working with the private sector, including property developers, to upgrade the lives and living environment of PPR communities through corporate so-cial responsibility (CSR) initiatives.

Some of the property develop-ers involved are Gamuda Land Sdn Bhd, Mah Sing Group Bhd, MKH Bhd and OSK Property.

Firms make CSR commitments to enhance lives of PPR residents

Ministry (KPKT), each of them has or will adopt selected PPRs across the country and implement CSR activities aimed at enhancing the lives of PPR residents.

The collaborations between the public and private sectors for the CSR programme under DKN were facilitated by EdgeProp.my. Th e property portal has also cre-ated a dedicated website to raise awareness and educate the pub-lic about the policy and needs of PPR residents. Th e website, www.EdgeProp.my/DKN, provides a

summary of DKN’s objectives, why it is needed and how the public and companies can help.

Th e DKN, which was launched yesterday by Prime Minister Tun Dr Mahathir Mohamad, aims to empower the B40 group and PPR communities and improve their living environment. In conjunc-tion with the launch, the Subang Jaya Municipal Council organised a Community Carnival in Puchong. Edgeprop.my and the nine par-ticipating companies showcased their proposed CSR commitments

to their respective PPRs. Repre-sentatives of the companies also received certifi cates of apprecia-tion at the launch event.

Country Garden Pacificview will be adopting two projects in Johor — PPR Tampoi and the fi rst phase of PPR Sungai Melana — and aims to enhance the livelihood and community engagement of the residents.

It plans to uplift the standard of living at the PPR projects by car-rying out road building and got-ong-royong activities at both sites. Th ere are also plans to repair the playground and sports facilities at PPR Sungai Melana while at PPR Tampoi, it wants to set up a chil-dren’s daycare centre.

Meanwhile, Gamuda Land has started its CSR eff ort at PPR Lem-bah Subang in Petaling Jaya with mural painting and a facility up-grade activity, which aims to turn one of the communal spaces into a learning centre for children.

UEM Sunrise has set up a com-munity library dubbed BookHub at the PPR that they adopted, which is the newly-completed PPR Uda Utama in Johor. Housing a commu-nal space in the PPR, the library, which off ers about 500 books, is completed and handed over to the residents on Feb 15.

Dr Mahathir with some 5,000 people who turned out to witness the launch of Dasar Komuniti Negara yesterday. Photo by Low Yen Yeing/EdgeProp.my

EdgeProp.my is also supporting DKN by helping facilitate the part-nership between the public and private sectors to empower and improve the lives of PPR residents.

It also wants to raise aware-ness and educate the public about the policy and PPR needs through news coverage and oth-er articles as well as a dedicated website on the DKN.

A full-day carnival was held at the public field in Puchong Indah in conjunction with the launch of DKN.

Some of the activities of the day were a community cycling event, aerobics, kids’ soccer match, tug of war, colouring contest, an eco market and food trucks.

Th e public also had a chance to visit more than 40 booths showcasing the CSR works among PPRs by the participat-ing developers and EdgeProp.my as well as several non-govern-mental organisations and public service bodies.

This article was first published in www.EdgeProp.my. Check out the website for the latest property news and listings

The Edge Media Group chairman Datuk Tong Kooi Ong (third from right) receiving a token of appreciation from Dr Mahathir during the launch of the Dasar Komuniti Negara yesterday. Looking on are (from left) Health Minister Datuk Seri Dr Dzulkefl y Ahmad, Selangor Menteri Besar Amirudin Shari, Housing and Local Government Minister Zuraida Kamaruddin and the ministry’s secretary-general Datuk Seri Mohammad Mentek. Photo by Sam Fong

CONTINUES NEXT PAGE

H O M E B U S I N E S S 3MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY

Bumi Armada meets with cold shoulder on debt refi nancingBanks remain reluctant to increase exposure to the oil and gas sector — sources

BY A D A M A Z I Z

(From left) Selangor Local Government, Public Transportation and New Village Development committee chairman Ng Sze Han, Health Minister Datuk Seri Dr Dzulkefl y Ahmad, Selangor Menteri Besar Amirudin Shari, Dr Mahathir, Housing and Local Government Minister Zuraida Kamaruddin, Housing and Local Government Ministry secretary-general Datuk Seri Mohammad Mentek and Communications and Multimedia Minister Gobind Singh Deo at the launch of the DKN in Kuala Lumpur yesterday. Photo by Low Yen Yeing/EdgeProp.my

Mah Sing, through the Mah Sing Foundation, has been carrying out a food aid programme at PPR Enggang in Puchong, Selangor and education programme at Sekolah Kebangsaan Kampung Batu, where most of the students are living in PPR Batu Muda and PPR Pekan Batu in Kuala Lumpur.

Th e foundation is also working with non-governmental organisa-tions and relevant authorities to create community gardens within selected PPRs to off er spots of re-laxation for residents and where they can try their hand at growing vegetables.

Meanwhile, MKH is rolling out a Badminton Outreach Programme for PPR Lembah Subang 2 that is designed to promote healthy life-style among the PPR community through badminton. With the aim of ensuring long-term sustainabili-ty, the programme promotes sports leadership and social responsibility through training adults into com-munity coaches, who will further lead training for youths within the community.

Another developer, Sunsuria, will off er internship opportunities in job areas such as landscaping, general and clerical work, building mainte-nance and asset management, to res-idents of PPR projects located near the developer’s projects or offi ces.

FROM PREVIOUS PAGE As for OSK Property, it is going to support the maintenance of PPR homes and promote a sense of neighbourliness among the res-idents at PPR Jalan Thamby in Penang. The developer will be working with the residents to car-ry out repainting activity at the vandalised areas in the fl at and rolling out community bonding activities such as gotong-royong and education programme.

Sunway Group will assist res-idents at PPR Pudu Ulu and PPR Muhibah, Jalan Puchong through a food programme, which is ex-pected to be rolled out in April. The integrated group has been providing food aid to the residents via the Sunway Food Programme over the past few years.

To tackle the issue of cleanli-ness in PPR projects, an aspect of building maintenance, Henry Butcher Malaysia (Mont’Kiara) will implement a 12-month clean-liness programme which consists of gotong-royong, cleanliness awareness talks, recycling trash-to-cash programme, among oth-er activities, at PPR Sungai Putat, Batu Berendam in Melaka starting next month.

Th e fi rm also plans to distrib-ute an information kit to PPR resi-dents to educate them about stra-ta living.

Companies makeCSR commitments

KUALA LUMPUR: Bumi Armada Bhd’s eff orts to restructure some of its unsecured short-term loans of around US$380 million (RM1.55 billion) seem to have met with cold shoulders as banks remain reluc-tant to increase exposure to the oil and gas sector.

The existing banks are not keen on granting the refi nancing schemes for Asia’s leading off shore service vessel and fl oating produc-tion storage and offl oading (FPSO) owner, according to sources.

Th e loans were initially due in May 2019, according to previous ar-rangements. Th e group has already missed the deadline on Dec 31, 2018. Failure to obtain the bank’s support could potentially drive Bumi Armada to further extend its renegotiation deadline from the fi rst quarter 2019 (1Q19) presently.

When asked about the matter, in an email reply, Bumi Armada told Th e Edge Financial Daily, “We are unable to provide any information given that the group is currently

KUALA LUMPUR: Prime Minis-ter Tun Dr Mahathir Mohamad has urged the private sector to give back to society by working together with the government to build more aff ordable homes for Malaysians.

“The Pakatan Harapan gov-ernment has promised to build one million affordable homes in 10 years. We (government) might not have enough resourc-es to build this amount of houses

working on the refi nancing of our debt, and fi nalising FY18 (the fi -nancial year ended Dec 31, 2018) fi nancial results.”

“We will make the appropriate disclosures at the appropriate time,” the group said.

Nonetheless, there could be a lifesaver for Bumi Armada to ease its fi nancial stress — the potential of winning hefty compensation over the Armada Claire case.

Th e compensation over the pre-mature contract termination of its FPSO vessel Armada Claire is in the tune of US$283 million. A hearing will be held at Western Australia’s Supreme Court tomorrow.

Meanwhile, it still has its US$1.5 billion euro medium-term note programme, which analysts said is more appropriate if utilised to fund new projects. As at Nov 23, 2018, the programme had remained untouched.

Th at said, most analysts viewed that Bumi Armada could get the nod from lenders to shift the deadline again, having done it once in 4Q18.

“Th e downside is that interest

rates would be higher, although we can take note of the smaller princi-pal remaining [from US$500 million in October 2018],” an analyst shared with Th e Edge Financial Daily.

“But I am more concerned about the cash flow. There is no news on the contract bids for its sub-sea vessels [Armada] Installer and Constructor that are idle now,” he added.

Indeed, there has been specula-tion for long on how Bumi Armada will recapitalise its balance sheet.

Rough waters in the Caspian SeaTo recap, the chartered contracts for the two subsea vessels in the Cas-pian Sea were in June and October 2018 respectively. Th e absence of contribution from there has resulted in lower earnings generated in the offshore marine services (OMS) division in the third quarter ended Sept 30, 2018 (3QFY18). Further de-cline is likely in 4QFY18, according to analysts.

In the 3QFY18, Bumi Armada booked a net loss of RM502.83 mil-lion on the back of RM588.05 mil-

lion in revenue. Quarter-on-quarter, revenue fell 10% against RM654.04 million in 2QFY18, as contribution from both fl oating production and operation (FPO) and OMS segments fell.

Th e FPO segment revenue may rise, which in turn will stabilise in 4QFY18, as it has managed to win a contract extension for Armada TGT1 in last August.

However, that alone cannot sus-tain its debt burden if no new subsea vessel jobs come in, commented UOB Kay Hian Research in a note dated Jan 7, 2019.

Of Bumi Armada’s RM11 billion worth of borrowings, UOB Kay Hian Research estimated that around RM5 billion was “mostly incurred to support the group’s OMS expan-sion in the past”.

Taking the debt and the troubled OMS segment into account, UOB Kay Hian has lowered its target price (TP) per Bumi Armada share to 10 sen — the lowest of the lot.

On the contrary, CGSCIMB Re-search, which pegs the TP of 70 sen among the highest, is optimistic

about Bumi Armada securing fresh contracts for the subsea vessels.

“In any case, with the only other vessel in the Caspian Sea locked up for long periods working in Azerbai-jan, Bumi Armada’s subsea vessels are the only ones available, which virtually guarantees work in one form or other,” explained the re-search house in a note dated Jan 17.

That said, some are also con-cerned about impairment risks.

Kenanga Research in a note dat-ed Nov 26, 2018 opined that market prices for many of Bumi Armada’s assets were still “greatly below its book-carrying amount”.

Th is is despite Bumi Armada hav-ing already impaired slightly over RM1 billion combined for its FPSO and OMS segments in the fi rst nine months of 2018.

“We still fi nd Bumi Armada’s as-set turnover ratio to vastly lag behind pre-2014 levels before the oil price plunge, hence implying bloated as-set-carrying values, and thus further impairment risks moving forward,” said the research house, which has set a TP of 15 sen for the company.

PM: Developers’ participation crucial to achieve target of one million aff ordable homes

in 10 years, so it’s crucial to work with the private sector to achieve this target,” he said in his speech during the launching ceremony of the National Community Policy or Dasar Komuniti Negara (DKN) yesterday.

To achieve the target effi cient-ly, the government will look at potential locations for aff ordable housing and work with developers to build houses of diff erent price ranges for homebuyers.

Dr Mahathir said the current annual target of 100,000 houses is achievable.

“Aff ordable homes are not only about pricing, the comfort is equal-ly important as it refl ects our gen-eral living standards,” he added.

He also advised People’s Hous-ing Project (PPR) residents who have talent in cooking or baking to start small businesses and leverage on social media or the Internet to market their products to increase their income.

“With increased income, one day they might upgrade to better houses which, in turn, become potential customers for private developers,” he said.

BY TA N A I L E N G

o f Ed g e Pr o p . m y

4 H O M E B U S I N E S S MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY

KUALA LUMPUR: Th e board of directors at Tenaga Nasional Bhd (TNB) has extended Tan Sri Leo Moggie’s term as the utility gi-ant’s chairman for another year, a source close to the matter told Th e Edge Financial Daily.

Th e former energy minister and former Parti Bansa Dayak Sarawak president was appointed to the post in 2004 by the Minister of Finance Inc (MoF Inc) and has held it since. His current tenure as TNB chairman will come to an end next month.

It is interesting that the new Pa-katan Harapan government is re-taining Moggie as TNB chairman, given the wave of changes seen in the leadership of some govern-

Syarikat Takaful shines among insurance stocks

TNB to extend Leo Moggie’s termTh e utility giant to lengthen chairman’s tenure by another year — sources

BY S A M A N T H A H O

million

Source: Bloomberg

Syarikat Takaful Malaysia Keluarga Bhd quarterly net profit

0

20

40

60

80

100

20141Q 2Q 3Q 4Q

35.0

7

42.4

4

33.2

6

29.7

5

46.2

2

38.9

5

34.4

2

36.3

8

46.6

2

45.5

3

44.8

6

39.2

6

56.7

5

45.0

7

48.5

7

56.3

0

69.9

8

50.4

2

83.9

6

90.5

7

20151Q 2Q 3Q 4Q

20161Q 2Q 3Q 4Q

20171Q 2Q 3Q 4Q

20181Q 2Q 3Q 4Q

RM

3.0

3.4

3.8

4.2

4.6

Jan 23, 2018 Feb 15, 2019

Syarikat Takaful Malaysia Keluarga Bhd

RM4.44

KUALA LUMPUR: While gener-al insurance players are expected to continue seeing their margins squeezed in the near future, takaful operator Syarikat Takaful Malaysia Keluarga Bhd has emerged as a bright spot in the industry.

Of the nine listed insurance pro-viders on Bursa Malaysia, Syarikat Takaful is the only pure takaful op-erator. And it has been on a winning streak, posting a record net profi t of RM294.92 million for its fi nancial year ended Dec 31, 2018 (FY18), a 43% jump from the previous year.

Following the results announce-ment on Jan 24, the group’s share price rallied and reached its all-time high of RM4.60 last Wednesday, af-ter rising 62 sen or 15.6%. Th e stock has pared some gains after that and closed at RM4.40 last Friday, giving it a market capitalisation of RM3.66 billion.

Th e stock remains on the “buy” list of all analysts covering it, ac-cording to Bloomberg data. Th e con-sensus 12-month target price (TP) among the fi ve latest forecasts for Syarikat Takaful is RM5.10, a pre-mium of 15.9% to its latest closing price. In the past 12 months, the stock has climbed 44.2%.

“Syarikat Takaful has achieved a strong underwriting performance, which is in line with the takaful in-dustry’s growth trend,” said Khoo Zhen Ye, an analyst at MIDF Re-search, adding that the achieve-ment was primarily driven by the group’s family takaful segment, which makes up about 70% of the group’s gross earned contributions.

Keith Wee at UOB Kay Hian, who noted that the group’s net profi t for its fourth quarter of FY18 came in above expectations, said it was supported by improvements in management expenses and claims

ratio. The group’s earnings have also shown stronger-than-expected growth in overall premiums.

UOB KayHian has the highest TP of RM5.82 for Syarikat Takaful.

“Th e group is likely to sustain its strong premiums growth into 2019 as it will mark the full-year contribution of its recent bancas-surance tie-up with Bank Rakyat as a preferred bancassurance partner,” Wee said in a Jan 25 report.

He noted that bancassurance represents 55% of Syarikat Takaful’s family takaful premiums and 43% of group premiums.

On top of that, the group has gained from a growing traction in online sales, Wee said, which has resulted in lower agency commis-sions having to be paid out.

Th is represents an advantage for Syarikat Takaful in an increasingly competitive environment, which sees insurance players striving to distinguish themselves via their distribution channels.

MIDF’s Khoo, meanwhile, told Th e Edge Financial Daily that digi-tal technology would play a signif-icant role in the insurance sector’s underwriting business and would

be one of the main focuses in FY19, due to the adoption of risk-based pricing following the detariffi cation of motor and fi re insurance in 2019.

“One of the main challenges for insurers this year will be to cope with increased regulation,” he said, pointing to the minimum alloca-tion rate (MAR) required for in-vestment-linked products starting this year.

Th is may further compress mar-gins for insurance players as it re-quires them to retain a higher por-tion of premiums to customers’ funds, Khoo noted.

“We are of the view that the MAR impact will be more signifi cant on life insurance companies compared to the takaful operations, as invest-ment-linked products account for most of the new premiums in the life insurance sector,” he said.

Insurers also recently had to account for an increase in im-pairments under the Malaysian Financial Reporting Standards (MFRS) 9. However, it is the imple-mentation of the MFRS 17 in Jan-uary 2021 that will be even more game-changing for the sector, par-ticularly life insurers. For it will change the way they recognise revenue and profi ts from custom-ers, spreading it over the lifespan of the insurance policies.

At present, general insurance players including LPI Capital Bhd, Allianz Malaysia Bhd and Tune Pro-tect Group Bhd have been seeing slight growth.

“Th e general insurance growth rate for the first nine months of 2018 was marginal [at about 1.5%], so we expect the earnings growth of LPI Capital and Tune Protect to be fl at in 2018, compared to takaful operators,” Khoo said.

On Jan 29, LPI Capital posted a 1.2% rise in net profi t to RM84 mil-lion for its fourth quarter ended Dec 31, 2018, although net profi t was fl at for the full year at RM314.05 million despite revenue climbing 2.9% to RM1.51 billion — largely contributed by its general insur-ance segment.

Trading at RM16.38 a share, LPI Capital has climbed 6.6% in the past one year, while Allianz is up near 6% at RM13.50; Tune Protect, how-ever, has retreated 35% to 65 sen.

Potential boost from mySalam?The government’s introduction of the mySalam health protection scheme for the bottom 40% (B40) of the population is seen by some as a potential boost for the sector.

Launched on Jan 23, the pro-gramme is currently supported by RM2 billion contributed by Great

Eastern Life Malaysia for an initial fi ve-year period. Th e government has called for more insurers to con-tribute towards the scheme, and MIDF’s Khoo views it as a good starting point to educate and spread awareness of the role of insurance among the B40.

“We view the focus by the gov-ernment on the insurance penetra-tion rate among B40 to be positive for insurers as it forces the insurers to come up with innovative distri-bution platforms and products to tap into this largely underserved market and can contribute to its bottom line as well in the long run,” he said.

However, not all analysts are as positive on further growth from the initiative.

AmInvestment Bank’s Kelvin Ong, for one, does not think the initiative will have a signifi cant im-pact on insurers, as their off erings for the lower-income segment are already cheap.

“Plain protection policies are al-ready in place by most insurers, so I don’t think the focus on B40 will aff ect existing players,” he told the Th e Edge Financial Daily.

It is worth noting that the cen-tral bank and various insurance associations have long striven to make insurance more aff ordable for Malaysians. This has includ-ed the launch of the Perlindun-gan Tenang initiative, which was launched in November 2017 and saw 10 aff ordable protection plans made available to the B40.

“At this juncture, we believe the growth of the industry will continue to be led by the higher take-up rate of takaful products due to wider awareness and favourable demo-graphic pattern in the domestic market. As such, our top pick re-mains Syarikat Takaful, with a TP of RM4.75,” Khoo added.

BY B I L LY TO H

Moggie, 77, himself is keeping mum over his extension.

ment-linked companies following the 14th general election (GE14). Some prominent fi gures who have either resigned or been re-moved from their po-sitions include Tele-kom Malaysia Bhd’s Datuk Seri Moham-med Shazalli Ram-ly and Tan Sri Ha-bibul Rahman, who was on the board of Malaysia Airlines.

L a s t year,

TNB also saw two of its directors — Datuk Abdul Manad Hashim and Datuk Sakthivel Alagappan — choosing not to seek re-elec-tion during the group’s annual

general meeting as the two felt they might be seen as politi-cally linked.

Moggie, 77, himself is keeping mum over his ex-tension. He declined to com-ment when asked about the matter during TNB’s Chinese New Year celebration last

Th ursday.Prior to his ap-

pointment as TNB chairman, Moggie

was an elected member of parlia-ment for Kanowit between 1974 and 2004. Among some of the po-sitions he has held include: en-ergy, communications and mul-timedia minister (1998 to 2004), works minister (1989 to 1995), and energy, telecommunications and posts minister (1978 to 1989 and 1995 to 1998).

He fi rst rose to prominence dur-ing Tun Dr Mahathir Mohamad’s fi rst 22-year stint as the country’s prime minister in the 1980s. Last July, Dr Mahathir attended Mog-gie’s grandchild’s wedding in Sar-awak during his fi rst offi cial visit to the state following his return to power as the country’s seventh prime minister.

Khazanah Nasional Bhd is the largest shareholder of TNB with a

28.8% stake, followed by the Em-ployees Provident Fund with 13.2%, according to Bloomberg data.

In return to queries from Th e Edge Financial Daily, a spokesman for MoF Inc said there is no state-ment regarding Moggie’s extension as at press time. An offi cer at the Prime Minister’s Offi ce also said they are not aware of the matter. Khazanah, when contacted, de-clined to comment. TNB, mean-while, said they are unaware of the chairman’s future and that any announcements pertaining to that will be fi led with Bursa Malaysia.

It is worth noting that TNB’s share price was trading at RM16.06 prior to GE14 but has since fallen by 18.8% to close at RM13.04 last Friday. Year to date, the utility gi-ant’s share price is down 4.1%.

H O M E B U S I N E S S 5MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY

Single-digit corporate earnings growth seen for 2019Banking and plantation sectors projected to perform better

S TO R I E S BY J U S T I N L I M

KUALA LUMPUR: Corporate earn-ings in Malaysia are expected to remain low in 2019, albeit slight-ly better than 2018, say analysts.

Th ey say that growth is expect-ed to be in the single-digit levels, on the back of a better showing by the banking sector and a recovery in palm oil and crude oil prices.

RHB Research Institute head of Malaysian research Alexander Chia’s corporate earnings projec-tion for 2019 is 3% (compared with a 1% growth forecast for 2018), mainly driven by the banking sector.

“Th e FBM KLCI is trading at a price-to-earnings of 17 times. Th e valuation is rich given that the earnings growth is weak,” Chia told Th e Edge Financial Daily.

“Earnings risk is on the down-side,” he said, adding that the country is getting closer to the next recession.

Th e benchmark index dived to a two-year low of 1,635.31 on Dec 18 last year, but has since re-covered, closing at 1,688.83 last Friday. Over the past one year, the KLCI has fallen by 9.07%.

MIDF head of research Mohd Redza Abdul Rahman is somewhat more optimistic.

He expects the earnings growth

in 2019 to improve to 7.2%, up from a forecast 4.5% for 2018.

He said the sectors that are likely to see earnings improvement include plantation and automotive as well as consumer-related sectors such as food and beverage, banking, avia-tion, healthcare, insurance and con-struction.

“Arising from the recovery of com-modity prices, we expect better re-sults from the plantation sector with CPO (crude palm oil) price assump-tion at an average of RM2,280 per tonne,” he added.

Th e Malaysian Palm Oil Board (MPOB) expects the average price of CPO to rise above RM2,500 per tonne in 2019, from RM2,250 in 2018.

“We are also expecting a slightly higher infl ation rate for 2019 at 2.2%,” said Mohd Redza.

“Th erefore that is rather accom-modative to auto sectors as well as consumer-related sectors such as food and beverage, banks and avia-tion, where distributive trade num-bers are expected to be strong.”

“Healthcare (hospitals and gloves) and insurance will likely do well over the good operational numbers, improving production effi ciencies as well as [benefi t from the] introduction of government initiatives [like the mySalam insur-ance scheme]. So we continue to like

especially IHH Healthcare Bhd and Tune Protect Group Bhd,” he added.

Earnings contraction seen for 4Q18Meanwhile, following the lacklustre corporate earnings in the third quar-ter of 2018 (3Q18), the expectations for 4Q18 are generally low.

Most companies that have al-ready released their 4Q18 results, such as Lotte Chemical Titan Hold-ing Bhd and Bursa Malaysia Bhd, have indeed seen a contraction in their earnings.

UOB Kay Hian Malaysia head of research Vincent Khoo told Th e Edge

Financial Daily that the overall cor-porate earnings growth for 4Q18 is seen to be subdued amid a cautious investment and consumer sentiment.

“Market expectation for the Octo-ber-December earnings is quite low,” RHB Research’s Chia concurred, adding: “We are looking at very fl at [number] of around 1% growth for the full-year 2018 corporate earnings in the KLCI stocks.”

Off ering a similar forecast, MIDF’s Mohd Redza said: “We should not be expecting much of a turnaround of corporate results [in 4Q18] as the eff ects seen during the third quarter still persisted.

“Issues such as the property overhang and [declining] palm oil and crude oil prices still remained. Plus, there are also concerns over the ongoing trade war that resulted in a decline in demand for manu-factured goods exports.”

Th e plantation sector and the technology segment related to the Apple supply chain are expected to witness earnings contraction in 4Q18, mainly dragged by the lower CPO prices and iPhone sales in China.

Th e oil and gas sector, particu-larly for the upstream segment, would still be a challenge, due to lesser contract wins and also debt issues.

Th e construction sector is also expected to report muted earnings for 4Q18 due to the slowdown in billings and reduced job wins.

However, not all sectors look bad, said Mohd Redza, citing con-sumer-related stocks in the food and beverage and aviation sectors which are expected to show better performance.

“Th e healthcare and rubber glove sectors should also see decent per-formances due to better operational effi ciency and unabated demand,” he said, adding that banks should also do well on the back on decent loan growth numbers.

Sectoral performance projections for 4Q18Plantation: Disappointing earnings seen Th e continued fall in crude palm oil (CPO) price is expected to weigh down on plantation play-ers’ earnings.

Th e benchmark third month palm oil contract price settled at RM2,279 per tonne last Friday. Over the past one year, the price has come down by 8.95% from RM2,503 per tonne.

“Plantation counters are likely to deliver disappointing earnings for fourth quater of 2018 (4Q18) due to the low-er external demand as well as the sharp decline in CPO price. Hence, we are likely to see poor earnings to be delivered by the plantation counters,” said Fund-supermart Research analyst Jer-ry Lee Chee Yeong.

“However, we believe much of this negatives have been fac-tored in the share price, as the plantation sector as represented by Bursa Malaysia Plantation Index, tumbled by close to 10% in the last quarter of 2018,” Lee added.

Technology: Mixed outlookOn Jan 29, Apple reported that the revenue from its iPhone business, which accounts for most of the company’s profi ts, dropped 15% during its fi rst quarter ended Dec 29, 2018 due to weak sales in China.

According to RHB Research In-stitute head of Malaysian research Alexander Chia, Apple’s supply chains are badly hit because of the bad news about its performance in China. Hence, he expects companies that are related to the Apple supply chains, such as Inari Amertron Bhd, to continue to face challenging times.

Inari’s earnings results for its fi rst fi nancial quarter ended Sept 30, 2018 (1QFY19) already refl ected the softer outlook as its net profi t shrank 12% to RM60.16 million, while its revenue was down 12.7% to RM325.72 million.

Th is weaker performance was due to lower volume loading on a major sensor product and the disposal of assets by a 51%-owned subsidiary, said Inari.

However, not all technology companies will be badly hit. Lee be-lieves the local technology players,

especially semi-conductor fi rms, are likely to deliver better 4Q18 earnings due to the stronger external demand as refl ected in Malaysia’s electrical and electronics (E&E) exports for the last quarter of 2018, which saw two months of double-digit growth.

In 2018, E&E products held the biggest share of Malaysia’s exports composition, at 38.2% or RM380.1 billion, rising by 11% or RM 37.74 billion.

On top of that, the weaker ring-git in 4Q18 compared with 3Q18 would also benefi t the tech players.

Banking: Healthy earnings growth seenFundsupermart’s Lee expects the banking industry to report a healthy earnings growth as it continued to benefi t from a positive loan growth in 4Q18.

“Th e higher net interest margin on year-on-year (y-o-y) basis, due to the interest rate hike early this year, will also help to lift banks’ earnings for the last quarter of 2018,” he said.

But the downside risks — high-er provisions as well as operational expenses — would weigh on the

net earnings, Lee added.Chia agreed that the banking

sector will continue to deliver sta-ble earnings growth in 2019 with loans growing at 4-5%.

“Looking at the KLCI, the growth elsewhere is bad,” he added.

Kenanga Investment Research, in a note dated Feb 4, said loan growth for 2018 ended at 5.6% y-o-y to RM1,665 billion, above its estimate of 5-5.4% y-o-y growth, due to a strong performance in December 2018.

Going forward, the research house expects loan growth to be challenging with the prevailing un-certainties. However, loans should be supported by resilient households on account of accommodative in-terest rates and stable asset quality.

“We expect 2019 loan growth to be less than 5%. Household de-mand will be supported by stable employment and wages with infl a-tion looking subdued. Th e consist-ently improving asset quality will, in our opinion, see banks having a healthier appetite for household loans and we would not be sur-prised if competitive lending rates resurface [in order to prop up de-

mand] putting downside pressure on net interest margin,” it added.

Rubber glove: Stable earnings growth expectedTwo leading rubber glove players reported positive earnings growth in 4Q18. Hartalega Holdings Bhd and Supermax Corp Bhd posted 6% and 6.2% growth in net profi t to RM119.76 million and RM38.14 million, respectively.

Chia said rubber glove will con-tinue to report stable y-o-y earn-ings growth on stronger production growth despite some concerns on margin compression mainly due to price war.

He expects the rubber glove companies to raise their capacity by 14% for 2019, outstripping the expected annual glove demand growth of 8-9%. However, he be-lieves this will not create an over-capacity issue as the demand for gloves remains robust.

Chia said he continues to like Hartalega as the company is a lead-er in rubber glove innovation and its ability to deliver above-average industry margins.

The plantation sector is expected to witness earnings contraction in 4Q18, mainly dragged by the lower CPO prices.

6 H O M E B U S I N E S S MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY

Developers in Catch-22 situation over IBS adoptionMany say it is diffi cult to cope with IBS’ high start-up cost amid demands to lower property prices

BY W O N G E E L I N

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

KUALA LUMPUR: Loss-making Merge Energy Bhd, which recently saw a shake-up in its management after the close of an unconditional mandatory takeover off er last month that saw some key people linked to Matrix Concepts Holdings Bhd taking control of the group, is anticipating to make a fresh start come the be-ginning of its fi nancial year ending March 31, 2020 (FY20).

Executive chairman Datuk Mo-hamad Haslah Mohamad Amin, who was one of three ultimate off errors in the deal and now holds a 6.61% stake in the company, said the manage-ment is now in the process of clean-ing up Merge Energy’s books and re-structuring its businesses. Mohamad Haslah, who is also the non-executive chairman of Matrix Concepts, was redesignated to the current post in Merge Energy last November.

Merge Energy, listed on the Main Market of Bursa Malaysia in Novem-ber 1998, is primarily involved in the construction and project manage-ment of water treatment plants. With a small paid-up capital of 67 million shares, the company has been in a weak financial position, said Mo-hamad Haslah, who also noted it has accumulated losses of some RM20 million.

KUALA LUMPUR: Plenty has been said about the industrialised build-ing system (IBS) in Malaysia over the years, but adoption in the private sector remains slow as developers lament they have been caught in a Catch-22 situation.

For while the government is push-ing for greater adoption of IBS on one hand, which requires a high start-up cost, it is also urging developers to lower property prices at the same time, in the face of the aff ordable housing conundrum.

According to the Construction In-dustry Development Board, adoption in the private sector stood at 35% as at January this year, while the target set to be achieved by 2020 — which is just 10 months away — is 50%.

In contrast, over 70% of govern-ment projects have adopted the sys-tem, an achievement boosted by the requirement that projects exceeding RM10 million must have a minimum IBS score of 70.

Paramount Property Develop-ment Sdn Bhd chief executive offi cer Beh Chun Chong told Th e Edge Fi-nancial Daily that the key issue for developers in adopting IBS is that most developers do not have the

But Merge Energy, despite being small, presents an opportunity for its shareholders to grow it, he said.

“While this is a small company, it does not have much baggage,” said Mohamad Haslah, adding that the company should see a clean slate by end-FY19.

Asked if Merge Energy will be parked under Matrix Concepts, he dismissed the notion and said it will be two separate entities.

As at Sept 30, 2018, Merge Energy is in a net debt position, with cash and bank balances of RM8.22 mil-lion, while total borrowings stood at RM9.09 million. Th e company is now looking for ways to rationalise its assets by disposing of some of its non-core assets which it expects to bring in up to some RM40 million. he said.

Th e company has also decided it will retain two of its existing business-es in which it sees potential. One is the water treatment plant construction business undertaken via its primary subsidiary Mewah Kota Sdn Bhd — a licensed water treatment plant con-tractor. Th e other is the provision of solution to all industrial water needs in the oil and gas industry that is un-dertaken by its subsidiary Iris Syner-gy Sdn Bhd.

“If these companies are still con-tributing sustainable earnings, why

Merge Energy to start anew, eyes turnaround in FY20

economies of scale to eff ectively use the construction system, which in turn increases development cost.

Country Garden Pacifi cview Sdn Bhd, for example, uses IBS intensive-ly in the Forest City development and even set up its own facility for the particular project. Th e company, which is a unit of one of the largest developers in China, managed to complete several buildings under the development within three years — a testament to the effi ciency that can be achieved with IBS.

It is possible for Country Garden to take advantage of the cost and time savings due to the hundreds of thousands of units planned for the entire project. But it is a diff erent story for smaller developments and developers.

“If a developer has a standalone project on a plot of land with one or two buildings, it would be about 15% more expensive to construct the project with IBS.

“On the other hand, the Malay-sian residential market is facing an aff ordability problem currently and developers have been asked to lower their selling prices. One of the big-gest cost components in developing property is the construction cost, so it would be diffi cult to use IBS while

also keeping prices low,” said Beh.“As it is, there is a greater urgency

to reduce the price of homes rath-er than adopting IBS, which could increase prices instead,” he added.

The works ministry previously suggested that private companies bundle their projects to achieve economies of scale by collaborat-ing with the ministry of housing and local government.

Beh thinks the ministry’s sug-gestion might work, so Paramount is aiming to do just that going for-ward. While Paramount has yet to adopt IBS in its projects, Beh agreed that the system does bring benefi t to the industry in terms of labour cost savings.

Hence, the company is now looking at standardising the units of diff erent developments in order to achieve economies of scale.

“If we have a better grasp of what kind of units are in demand, in terms of size and specification, we can standardise our units so we could replicate similar units in diff erent projects.

“In order for IBS to be adopted in a meaningful way, early planning is needed. It needs to begin from the designing stage. As soon as a developer acquires a piece of land,

they must already have IBS in mind,” Beh said.

Adoption, said Beh, will defi nitely increase in the coming years amid the worker shortage issue. “But cur-rently, standalone developers can’t do it yet. Th e cost of hiring manual labour currently is still cheaper than using IBS,” he said.

MGB Bhd, which has partnered Sany Construction Industry Develop-ment (M) Sdn Bhd to set up a precast concrete plant, said the demand for IBS components and adoption has been increasing over the years, albeit at a rather slow rate.

“Th e slow adoption is related to the high set-up cost and low demand. Industry players are still opting for conventional construction. As the cost of labour is rising, it is a good time to adopt IBS as it would require less labour.

“With the increasing familiarity and demand, the cost would also be lower in the future,” said Tan Sri Lim Hock San, the group managing director of MGB as well as its parent, LBS Bina Holdings Sdn Bhd.

Asked if there should be any in-centives given to developers to en-courage adoption, Lim said no need as he believes demand for IBS will gradually increase. Having said that,

he acknowledged that incentives could speed up adoption.

The key IBS driverGamuda IBS Sdn Bhd general man-ager Tan Ek Khai said the govern-ment’s policy of reducing reliance on foreign workers and the need to cleanse the workforce of illegal for-eign workers will be the key driver of IBS adoption.

Gamuda IBS currently can pro-duce up to 10,000 IBS-built units per year following the completion of its second IBS facility in Banting last year to complement its fi rst plant in Sepang, which has been operating since 2016.

He said the use of a fully integrat-ed digital system — combining the use of building information mod-elling and IBS to provide a smooth end-to-end process of property de-velopment — could reduce reliance on foreign workers by 70% and bring local Technical and Vocational Ed-ucation and Training back into the industry.

“Th is demand for IBS comes nat-urally when it remains the best way to build, like in Europe and Singa-pore. Gamuda IBS stands ready to work with all developers to realise the future of homebuilding,” he said.

should we lose the track record and licenses,” he said. In the second half of FY19, Merge Energy’s cumulative revenue jumped 107% year-on-year to RM23.67 million, mainly due to contribution from Mewah Kota’s new water treatmet plant project — the Loji Rawatan Air Pagoh.

In the mean time, Merge Energy will also be reactivating two other businesses — its property develop-ment and construction business, said Mohamad Haslah.

Mohamad Haslah also said the new management is eyeing to turn the company around in FY20, but did not wish to elaborate, other than pointing to the new management’s expertise.

On Jan 30, Datuk Abdul Jalil Abdul Karim resigned as the company chief executive

officer (CEO) to pursue other in-terests. Abdul Jalil has been Merge Energy CEO since February 2011.

Also resigning on the same day were executive director Raizita Ah-mad @ Harun, and independent and non-executive directors Datuk Teng-ku Rozanna Petri Tengku Mohamed Nasrun and Datuk Sheah Kok Fah.

In their stead, Datuk Lee Tian Hock and Czarina Alia Abdul Razak were appointed non-independent and non-executive directors. Tian Hock, who owns some 33.5% stake in the company and was an off eror in the recent takeover deal, is also the founder and executive deputy chairman of property developer Ma-trix Concepts. He is also the brother of Lee Tian Huat, who has an 8.06%

stake in Merge Energy and is the second ultimate of-

feror in the takeover deal. The third is Datuk Tan Gee Swan @ Tan Suan Ching, the controlling shareholder and a direc-tor of Westiara Devel-

opment, whose back-ground is also in

construction and prop-erty devel-opment.

Czarina, meanwhile,

is a former Majlis Amanah Rakyat board member (2010 to 2011) and has over 20 years of experience in human capital consulting with Kelly Services (M) Sdn Bhd.

Registering net losses for six con-secutive quarters, Merge Energy’s net loss stood at RM1.94 million for the six months ended Sept 30, 2018, ver-sus a net loss of RM2.02 million pre-viously. Th ough revenue grew 107% to RM23.67 million from RM11.41 million, the company was still in the red due to lower profi t margin and higher administration operat-ing costs.

While Mohamad Haslah also hint-ed at new potential businesses that Merge Energy may consider going into, given the challenging business environment for the construction in-dustry now, a quick look at the three ultimate off erors’ background sug-gests that Merge Energy may not di-verge too far from the property devel-opment and construction business.

In line with its less-than-encour-aging past earnings, Merge Energy shares have been rather thinly traded. Over the past four years, the counter had largely remained 40 sen a share. Th e counter closed at 86 sen last Fri-day — two sen lower than the 88 sen a share off ered in the takeover deal — giving the company a market value of RM57.62 million.

Mohamad Haslah: While this is a small company, it does not have much baggage. Photo by Mohd Izwan Mohd Nazam

ST O C KS W I T H M O M E N T U M 7MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY

www.theedgemarkets.com

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

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

P RO P E RT Y

DOHA/DUBAI: Qatar’s Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when fi nished in 2012 amid a Gulf-wide real estate boom, but today about half of its 46 fl oors are empty.

Th e offi ce tower, now a familiar part of the capital’s high-rise skyline, has run foul of what real estate brokers, bankers and analysts say is an oversupplied Qa-tar property market ahead of the 2022 World Cup that mirrors a real estate downturn in the wider Gulf region after a drop in oil prices.

Qatar has the added challenge of a diplomatic, trade and transport boy-cott imposed on the Gulf Arab state by Saudi Arabia, the United Arab Emir-ates, Bahrain and Egypt over allegations that Doha supports Islamist militants, a charge Qatar denies.

Th e protracted row has made it tough to lure would-be foreign buyers of resi-dential or commercial space.

Residential prices are down about 10% from June 2017, when the boycott began, and offi ce prices have fallen by a similar rate, according to analysts and economists. Rents are down 20% from three years ago, they say.

“Qatar’s property sector has been one of the main casualties from the blockade that was imposed in mid-2017,” Jason Tuvey, an economist at Capital Economics, said.

Th e property downturn has so far not translated into bad loans, as bankers say borrowers holding sluggish real estate assets tend to be among the country’s wealthiest.

“Th ey have capacity to withstand the market ... I don’t see a major threat,” Doha Bank chief executive offi cer Ragha-van Setharaman said, when asked about his view of the real estate market.

A banker at Al-Khalij Commercial Bank said banks like his have been restructuring many property loans in recent months, ex-tending them to 20-year payment periods from 10 in some cases, to keep business moving for developers hit by slow demand.

But with the World Cup edging clos-er, real estate experts say long-planned projects are now set to fl ood the market, even as buildings in prime locations,

Qatar’s real estate market faces reality check ahead of World CupBY E R I C K N EC H T & T U Q A K H A L I D like Doha Tower, sit idle.

“It’ll be interesting to see what hap-pens when they (real estate prices) are really put under pressure in a year’s time, when a lot of new supply hits the market,” Johnny Archer, Associate Director of DTZ, a Doha-based real estate fi rm, said.

World Cup frenzyTiny but wealthy Qatar, the world’s top liquefi ed natural gas exporter, plans to increase residential space by about 50% and offi ce space by 40% in the next three years, partly on expected demand from the World Cup, according to a report published last week by real estate company DTZ.

Th e lion’s share in construction un-derway is for high-end residential tow-ers, white-collar offi ce space, and luxury hotels and shopping malls.

Fifa requires Qatar have at least 60,000 ho-tel rooms in place for the month-long World Cup tournament, which Qatar estimates will draw about 1.5 million fans — more than half of its roughly 2.6 million population.

Qatar has about 26,500 rooms and will add another 15,000 by 2022, DTZ’s report estimated. Th e rest will be met by rooms aboard cruise ships and in desert camps, according to the local World Cup organis-ing committee. Th ese camps are expected to be bedouin-style accommodation to give visitors a taste of desert life.

Much of the building is in an entirely new city, Lusail, a 38 sq km stretch just north of Doha dotted by commercial tow-ers, hotels, and shopping centres at various stages of construction.

Lusail is being developed by state-con-trolled Qatari Diar Real Estate Compa-ny, which envisions it hosting 200,000 residents and 170,000 employees. It is anchored by Qatar’s largest World Cup stadium, an 80,000 seat venue that will host the opening and closing matches.

Colliers International, whose offi ce was an early entrant to Lusail, says getting com-panies to fi ll a rush of towers coming on-line ahead of 2022 will be a daunting task.

“Th ere is signifi cant offi ce oversupply and while the 2022 Fifa World Cup will help absorb space, new industries are required to bring large offi ce occupiers in the me-dium to long term,” said Colliers’ Qatar country director Adrian Camps. — Reuters

SILVER RIDGE HOLDINGS BHD (-ve)

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

0.001.20

46.78-

4.74-

43.65136.39

0.830.16-0.32

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

CAN-ONE BHD (-ve)

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

1.800.80

10.06(0.36)

0.631.49

514.97192.15

0.491.91-2.81

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

FAJARBARU BUILDER GROUP BHD (-ve)

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

2.401.007.40

(0.14)0.493.95

141.65372.77

1.440.30-0.79

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

TRADING of shares in Can-One Bhd (fun-damental: 0.8/3, valuation: 1.8/3) triggered our momentum algorithm last Friday for the third time this year.

Th e stock closed unchanged at RM2.68, with 298,000 shares done, much higher than its 200-day average of 69,451 shares.

At the group’s extraordinary general meeting last Th ursday, the shareholders agreed to go

ahead with the proposed mandatory general off er for its 32.9%-owned associate Kian Joo Can Factory Bhd at RM3.10 per share.

Th is is despite concerns about Can-One’s risk of gearing up to take control of Kian Joo, whose earnings and dividend payouts have been declining in recent years.

Can-One is currently trading at 0.63 times its net book value.

TRADING of shares in Fajarbaru Builder Group Bhd (fundamental: 1/3, valuation: 2.4/3) triggered our momentum algorithm last Friday for the fi rst time this year.

Th e stock closed up half a sen or 1.32% at 38.5 sen, with 4.4 million shares done, sig-nifi cantly higher than the counter’s 200-day average of 1.34 million shares.

Th e group said last December it will be launching a RM450 million gross develop-ment value residential project in Puchong

by the end of this year, marking its second property development project in Malaysia.

Th e project, Rica Residence Kinrara, is a high-rise residential project located on 2.71ha in Puchong.

Altogether, the group will be launching over 600 units, with 30% of them to be priced at around RM300,000, while the rest will be in the mid-to-high price range.

Fajarbaru is currently trading at 0.49 times its net book value.

TRADING of shares in Silver Ridge Holdings Bhd (fundamental: 1.2/3, valuation: 0/3) also made it to our stocks with momentum list last Friday for the fi rst time this year.

Th e stock closed down 1.5 sen or 4.69% to 30.5 sen, after 9.12 million shares were done, near four times the counter’s 200-day average of 2.33 million shares.

On Jan 16, the group said it has bagged two contracts from Telekom Malaysia Bhd (TM) with a combined value of RM5.7 mil-

lion to provide maintenance and support services for Huawei. Its wholly-owned sub-sidiary Silver Ridge Sdn Bhd accepted the letters of award from TM on Jan 15.

Th e fi rst contract, valued at RM2.58 mil-lion, ends on Dec 31, 2020, with an option to extend by one year. Th e second contract, valued at RM3.11 million, is for three years until Dec 31, 2021.

Silver Ridge Holdings is currently trad-ing at 3.8 times its net book value.

Filepic of towers under construction seen in Doha, Qatar. Photo by Reuters

1 0 H O M E MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY

We will seek new water deal — PMSaifuddin to lead talks to revise price with Singapore

KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad said PAS leaders told him they will not support Umno at the Semenyih state by-election because Paka-tan Harapan (PH) did not field a DAP candidate.

He said at (a meeting at the Al-Bukhary Foundation on Friday) with PAS president Datuk Seri Abdul Hadi Awang and two other leaders, namely, secretary-gen-eral Datuk Takiyuddin Hassan and Terengganu Menteri Besar Dr Ahmad Samsuri Mokhtar, it was not mentioned if PAS would back Bersatu or Pakatan at the by-election on March 2.

“I am only forced to say that they (Abdul Hadi, Takiyuddin and

Ahmad Samsuri) admitted that they will not support Umno this time because the opponent this time is not DAP. They stated that they will not support Umno but they will not declare it.

“(But) when I hear a denial, I am forced to mention what had transpired ... their admission, this time they will not support Umno but they did not say whether they will support Bersatu or PH and they (PAS) will not be present (during the nomination) but we see they still turned up,” he told a media conference after launching the National Community Policy here yesterday.

He said the PAS leaders had handed over a letter which was

signed by Takiyuddin, that con-tained the admission.

Dr Mahathir said during the meeting too the PAS leaders stated their support for his leadership as prime minister.

“But as we know, they don’t often support me,” he added.

He said the meeting was more focused towards the co-ordina-tion of work between the federal government and the state gov-ernment.

“They sought to have a repre-sentative from the party in certain government agencies and we also requested that a PH leader be giv-en a place in the state government where we don’t have a represent-ative,” he said. — Bernama

Candidate not from DAP, so PAS will not back Umno — Dr M

Sabah DAP backs Shafi e on Bersatu’s entry into stateKOTA KINABALU: Sabah DAP will back Chief Minister Datuk Seri Mohd Shafi e Apdal as the head of the state government and will support whatever deci-sion made regarding the stand of Parti Pribumi Bersatu Ma-laysia (Bersatu) to spread its wings to Sabah.

Sabah DAP chairman Datuk Stephen Wong Tien Fatt said his party believes that Mohd Shafi e, who is also Parti War-isan Sabah president (War-isan), can handle the issue well.

“We know Mohd Shafi e is capable of handling this issue and we will certainly support him (on Bersatu’s entry into Sabah),” he said.

Wong, who is also Sabah’s Health and Wellbeing Minister, said this when met by report-ers after attending the Chinese New Year Open House organ-ised by Kota Kinabalu DAP here yesterday.

He was asked to comment on the announcement by Ber-satu chairman Tun Dr Mahathir Mohamad on Bersatu’s agree-ment to set up branches in Sa-bah.

Last Friday, Dr Mahathir, who is also prime minister, said the decision was made after members of Sabah Umno quit the party but did not want to join Warisan which is the ally of Pakatan Harapan (PH).

Wong added that Bersatu’s entry into Sabah is seen as able to have an impact on Pakatan, but DAP realised that Bersatu’s decision to set up branches in the state could not be stopped as it was their right to do so.

However, Wong said Sabah DAP does not agree with Ber-satu’s actions in accepting for-mer Umno leaders to join the party. — Bernama

WELCOME HOME ... It was an emotional scene at the Kuching International Airport yesterday afternoon for the families of 40 workers from Sarawak who had been detained in Cambodia for over two months. The workers had been allegedly recruited for an illegal online gambling operation. Photo by Bernama

I N BR I E F

Papagomo detained over alleged assaultKUALA LUMPUR: Police de-tained controversial blogger Papagomo in Wangsa Maju yes-terday to assist investigations into the alleged assault involv-ing Youth and Sports Minister Syed Saddiq Syed Abdul Rah-man. Selangor CID chief SAC Fadzil Ahmat when contact-ed confi rmed the arrest of Pa-pagomo or his real name Mu-hammad Azri Wan Deris. He said Papagomo was detained at 3pm and the investigations were ongoing. On Saturday, two police reports on the in-cident involving Syed Saddiq, who is also Muar member of Parliament, were lodged after the nomination process for the Semenyih by-election and in-vestigations were being carried out under Section 353, Section 147 and Section 323 of the Pe-nal Code. — Bernama

Talks on Azmin and Zuraida’s expulsion just rumours: SaifuddinKUANTAN: Claims for the past several days that PKR deputy president Datuk Seri Mohamed Azmin Ali and vice-president Zuraida Kamaruddin had been ex-pelled from the party were merely rumours. A member of the party’s central leader-ship council, Datuk Saifuddin Abdullah, said they possibly could have been made by peo-ple who had certain agendas. “Th ey are still with us (PKR), ” he said at a Chinese New Year celebration organised by the Kuantan Chinese Association, near here yesterday. — Bernama

Healthy EPF dividend proof economy is onpositive path – Guan EngBUTTERWORTH: The an-nouncement of a favourable set of dividends for conven-tional and shariah savings for 2018 by the Employees Provi-dent Fund (EPF) on Saturday proves that the country’s eco-nomic position is healthy, says Finance Minister Lim Guan Eng. He said the 6.15% rate for conventional savings is ex-traordinary. “I feel that this is an exemplary performance, beyond the expectation of all parties,” he told reporters here yesterday after attending a Chinese New Year celebra-tion organised by the Pulau Pinang Royal Customs De-partment. — Bernama

Ministry denies claims of neglectPUTRAJAYA: Th e health minis-try has denied allegations that it neglected the welfare of pa-tients and staff of Mawar Medi-cal Centre and only focused on the legal aspects following the closure of the premises on Feb 14. In a statement yesterday, Minister Datuk Seri Dr Dzu-lkefl y Ahmad said the licensing issue faced by the Mawar Med-ical Centre was due to internal problems . — Bernama

PUCHONG: Foreign Minis-ter Datuk Saifuddin Abdul-lah will lead a group of Ma-

laysian offi cials in the talks on the revision of raw water prices sold to Singapore, said Prime Minister Tun Dr Ma-

hathir Mohamad (pic).Without disclosing the de-

tails of when the talks will take place, Dr Mahathir

said the negotiating team is “working on

it” and will include relevant offi cials from Johor.

“We are of the view that the price of

three sen for 1,000 gallons of raw water was decided in 1926. At that time, the value of one sen could buy a lot of goods, but now with one sen we can’t buy anything, even with three cents we can’t buy anything.

“By right, price of goods should be current. Today we are not talking about millionaire, but billionaire because income has increased tre-mendously. So, do you think that the price set in 1926 still remains until the year 3000?

“Another millennium? Is it rea-sonable? I feel it is unreasonable. Until when...?,” he told reporters after launching the National Com-munity Policy here yesterday.

Th e issue on the water deal re-

surfaced in the middle of last year when Dr Mahathir described the price of raw water sold to Singa-pore as ‘unreasonable’ and said he planned to renegotiate the terms of the deal.

The water deal, which ends in 2061, entitles Singapore to re-ceive up to 250 million gallons a day (mgd) of raw water from Sun-gai Johor.

Singapore pays three sen for every 1,000 gallons of raw water, and resells treated water to Johor at 50 sen for every 1,000 gallons. Johor acquired daily supply of treat-ed water up to 2% or 5mgd of raw water supplied to the republic. — Bernama

PATRICK GOH

B R O K E R S’ C A L L 1 1MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY

Sunway REIT 1H19 results within expectations

Yinson Holdings Bhd(Feb 15, RM4.20)Maintain buy with a target price (TP) of RM5.42: Yinson Holdings Bhd announced last Th ursday that it had accepted a letter of award from JX Nippon to undertake a contract to provide operation and maintenance (O&M) works to FPSO Layang. Th e contract is for a fi rm period of eight years, with options for 10-year extensions and a yearly renewal option. Th e aggre-gate value of the contract is US$578 million (RM2.36 billion). We regard this as positive, as it provides the company with another recurring earnings base for the long term.

Annual revenue contribution is expected to be RM133 million per annum, with impact on earnings estimated at about RM50 million.

We raise financial year 2020 forecast earnings by 15% as we factor in the O&M earnings con-tribution from FPSO Layang. As a result, our sum-of-parts-based TP rises to RM5.42 from RM5.20. We reiterate our “buy” call as we

believe the company is in an opti-mal position to secure at least one more major fl oating production storage and offl oading (FPSO) con-tract in 2019 due to the strength of its balance sheet. Adding to that, the only project management risk that it currently faces is only on the FPSO Layang — and based on its track record, we believe Yinson has more than enough capacity to take up another major project this year.

We are maintaining our val-uations, despite delays in the fi -nalisation of the contract. Th is is mainly due to our expectation that Yinson will secure another potential contract from Mexico or Brazil in 2019, as most of its competitors have their hands full with orders in hand.

Downside risks to our call in-clude delays in FPSO Layang com-mencing works, the cancellation of a potential FPSO Nigeria contract (which could drop our TP by 76 sen), and delays in Brazil and Mex-ico’s FPSO contract awards in 2019. — RHB Research Institute, Feb 15

Yinson expected to win at least one more major FPSO contract in 2019

Sunway Real Estate Investment Trust(Feb 15, RM1.75)Maintain hold with a target price (TP) of RM1.88: Sunway Real Es-tate Investment Trust (Sunway REIT) posted a realised net profi t of RM139.5 million in fi rst half of fi nancial year 2019 (1HFY19). Re-sults came in within expectations, accounting for 47% and 49% of our and consensus full-year estimates respectively.

A distribution per unit (DPU) of 2.25 sen (-5.5% year-on-year [y-o-y]) was declared for this quar-ter, bringing the total year-to-date FY19 DPU to 4.73 sen (-6.3% y-o-y). Th is translates into an annualised distribution yield of 5.4%, based on last Friday’s closing price.

In comparison, Sunway REIT’s 1HFY19 net property income (NPI) widened 0.2% to RM214.7 million, in tandem with a 0.2% increase in revenue. Th e slightly better per-

formance was mainly attributed to the higher performance of all segments but partially off set by a weaker performance from the ho-tel segment.

However, the 1HFY19 realised net profi t fell 6.3% y-o-y to RM139.4 million, largely impacted by high-er fi nance cost (+19.7%) due to a drawdown of loans for new acqui-sitions and capital expenditure, as well as the higher average cost of debt following the increase in the overnight policy rate by 25 basis points in January 2018.

In terms of segmental perfor-mance, the retail segment’s NPI increased 3% y-o-y as revenue ad-vanced by 1.4% y-o-y. Th e higher NPI was attributable to lower ad-vertising and promotional expens-es at Sunway Pyramid. Sunway Pyramid recorded revenue growth of 3.4% y-o-y as the mall achieved better turnover rent during the pe-riod under review. However, Sun-

Power sectorMaintain neutral on respective sectors: It has been reported that the Energy Commission is request-ing proposals for the development of its third round of large-scale so-lar (LSS) projects. Capacity to be tendered will be between 1mw and 100mw, with a target aggregate ca-pacity of 500mw in Peninsular Ma-laysia. Commissioning is expected in 2021. Undoubtedly a positive development considering the gov-ernment’s plan to signifi cantly in-crease the country’s electricity from renewable sources from the cur-rent 2% of the total generation mix, this will open up many more op-portunities to incumbents and/or new entrants, with fi nancial impact likely to be more noticeable on the smaller players. We maintain our “neutral” call on the sector.

Th e government has set a target of 20% of the country’s electricity to be generated from renewable sourc-es by 2025, an increase from the 2% mix currently. In order to achieve the 20% target, about 3,991mw of new energy capacity will be required for addition to the grid. Other than LSS projects, the government also plans to increase electricity generation

Sunway Real Estate Investment Trust

FYE JUNE (RM MIL) 2017 2018 2019F 2020F 2021F

Gross rental income 522.9 560.4 598.3 659.2 686.9Net property income 388.8 419.9 452.4 506.2 526.5NPI margins 74.4 74.9 75.6 76.8 76.7Adj. pretax profit 272.4 284.0 294.1 325.4 342.8Reported net profit 272.4 284.0 294.1 325.4 342.8Realised net profit 270.6 281.9 294.1 325.4 342.8EPU (sen) 9.2 9.6 10.0 11.0 11.6EPU growth (%) 3.7 4.3 3.5 10.6 5.4PER (x) 18.8 18.0 17.4 15.7 14.9DPU (sen) 9.2 9.6 10.0 11.0 11.6Dividend yield (%) 5.3 5.5 5.7 6.3 6.7ROE (%) 6.6 6.6 6.8 7.5 7.9Source: TA Securities

Yinson Holdings Bhd

FYE DEC (RM MIL) 2017 2018 2019F 2020F 2021F

Total turnover 543.3 910.2 776.6 798.7 1,035.9Net profit 216.0 292.0 227.8 230.6 311.8Net profit growth (%) 48.5 35.2 (22.0) 1.2 35.2Recurring EPS (RM) 0.21 0.28 0.22 0.22 0.30Recurring PER (x) 19.5 14.4 18.5 18.3 13.5P/B (x) 1.8 1.6 1.5 1.4 1.3P/CF (x) 26.8 4.5 8.4 8.2 5.7Dividend yield (%) 0.5 0.4 0.6 0.9 1.1EV/Ebitda (x) 26.8 10.4 7.8 9.2 7.5ROAE (%) 9.0 10.9 7.9 7.5 9.3Net debt to equity (%) 1.1 0.7 0.6 0.6 0.8Sources: Company data, RHB

Power sector

DIVIDEND PRICE (RM) EPS (SEN) EPS GROWTH (%) PER (X) ROE (%) YIELD (%)COMPANY @ 14 FEB 2017 2018F 2017 2018F 2017 2018F 2017 2018F 2017 2018F

Tenaga Nasional 13.02 121.5 119.7 -6.6 -1.5 10.7 10.9 12.1 11.2 4.7 4.6Malakoff 0.85 6.2 3.8 -12.8 -38.4 13.7 22.2 4.5 2.8 7.3 4.5Cypark 1.65 13.7 15.4 21.5 12.1 12.0 10.7 11.4 10.9 3.4 -Mega First 3.89 28.9 31.7 -8.5 9.7 13.5 12.3 11.5 9.4 1.0 1.0Source: PublicInvest Research estimates

way Putra Mall’s revenue dipped 2.2% y-o-y due to attractive rental packages off ered to selected ten-ants as a strategy to maintain the vibrancy of the mall.

The hospitality segment rev-

enue and NPI decreased 12.5% y-o-y and 17.2% respectively, pri-marily due to lower overall aver-age occupancy rate on the back of the soft market condition within the hospitality industry. Notably,

Sunway Resort Hotel & Spa’s rev-enue and NPI plunged 67% and 69% respectively in 1HFY19 which was largely due to a lower average occupancy rate of 64.2% versus 82.1% a year ago. Th is follows the closure of the hotel’s grand ball-room, meeting and function rooms for refurbishment.

The office segment’s revenue and NPI increased by 16% y-o-y and 34.4% y-o-y respectively in 1HFY19. Th e better performance was mainly contributed by Menara Sunway and Sunway Putra Tower with higher occupancy rates.

Th ere is no change to our divi-dend discount model-derived TP of RM1.88 per share. Sunway RE-IT’s share price has appreciated 6.1% since we upgraded the stock to “buy” in December 2018. With a potential upside of only 8%, we downgrade Sunway REIT to “hold” from “buy” previously. — TA Secu-ritie, Feb 15

Power sector to gain from govt plan to expand use of renewable sources

through the various other feed-in-tariff sources, namely biogas, bio-mass, geothermal mini-hydro as well as solar and net-energy-metering mechanisms (that is energy con-sumer to sell surplus solar energy to the grid).

Th e capacity for this new tender of LSS development will be between 1mw and 100mw with a target aggre-gate capacity of 500mw in Peninsular Malaysia. Th e various projects are expected to be commissioned by 2021. We believe this could benefi t Cypark Resources given its tech-nical expertise and experience as the developer and operator of so-

lar parks. Mega First Corp has also voiced intentions of venturing into the renewable energy space after the successful operation of its Don Sa-hong hydropower plant in Vietnam. Other benefi ciaries may be Malakoff Corp Bhd, YTL Power International Bhd, Tenaga Nasional Bhd and Ra-nhill Holdings Bhd.

Th e fi rst two cycles of LSS pro-jects have a total installed capacity of 958mw. To date, we believe fi ve pro-jects with capacities of 131mw have reached their commercial operation status, with the remaining having a commission operation date in 2019-2020. — PublicInvest Research, Feb 15

The various projects are expected to be commissioned by 2021. It is believed this could benefi t Cypark Resources given its technical expertise and experience as the developer and operator of solar parks. The Edge fi le photo

1 2 B R O K E R S’ C A L L MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY

Contingency write-backs seen for Dialog

Gas Malaysia Bhd(Feb 15, RM2.80)Maintain buy with a target price (TP) of RM 3.50: Gas Malaysia Bhd (GMB)’s 4QFY18 reported earnings declined by -16.7% year-on-year (y-o-y) to RM51.1 million versus RM61.3 million in 4QFY17. Th is brings the company’s cumu-lative FY18 earnings to come in broadly within ours and consen-sus expectations at RM180.4 mil-lion, making up 93% and 96% of our and consensus FY18 earnings estimates respectively.

Th e decline is mainly due to lower gas contribution margin recognised during the quarter as a result of a one-off catch up gas cost pass-through (GCPT) adjustment made in the preced-ing quarter. Th at said, earnings during the quarter were sup-ported by revenue which ex-panded by +19.4% y-o-y largely due to the higher volume of nat-ural gas sold and higher natural gas tariff .

We reiterate our view that we opine gas sales volume for FY19 will continue to sustain and reg-ister year-over-year growth. Our current gas volume growth pro-jection is between 6-6.5%. Our assumption is premised on re-silient national gross domestic product (GDP) growth of 4.9% for 2019. Moving forward, we believe

Stronger FY19 gas sales volume expected for Gas Malaysia

Dialog Group Bhd(Feb 15, RM3.15)Maintain buy with fair value (FV) of RM 3.66: We reiterate our “buy” recommendation on Dialog Group with an unchanged sum-of-parts-based (SOP) fair value of RM3.66/share, which implies an FY20F (forecast) price-to-earnings (PE) of 38 times — 17% below its fi ve-year peak of 46 times. Our SOP values the 650-acre (263.05ha) buffer land in Pengerang at RM80 per sq ft (psf.).

We maintain Dialog’s FY19F-FY20F earnings as its 1HFY19 net profi t of RM251 million was largely in line with our expectations, ac-counting for 51% of our FY19F net profi t but 54% of consensus.

As 2QFY19 results included lumpy cost contingency write-backs for the construction of the RM6.3 billion Pengerang Deepwa-ter Terminal (PDT) Phase 2, there is a likelihood that we may raise our FY19F earnings forecast if 3QFY19 results remain as strong.

As a comparison, 1HFY16-1QFY18 earnings accounted for 41-48% of their respective years. For comparison of core earnings, we have excluded the 2QFY18 ex-ceptional fair value gain of RM66 million from the acquisition of an eff ective 36% equity stake in the Tanjung Langsat tank terminals in Johor for RM137 million cash from MISC.

Notwithstanding Dialog’s Ma-laysian revenue dropping by 14% quarter-on-quarter (q-o-q), its 2QFY19 net profi t rose 19% q-o-q to RM137 million mainly due to the reversal of project contingen-

Dialog Group Bhd

FYE JUNE (RM MIL) 2018 2019F 2020F 2021F

Revenue 3,110.6 3,586.4 3,786.7 4,006.7Core net profit 444.8 473.5 547.4 604.8FD core EPS (sen) 7.9 8.4 9.7 10.7FD core EPS growth (%) 20.0 6.4 15.6 10.5Consensus net profit - 464.6 543.0 572.7DPS (sen) 3.2 3.5 3.7 4.2PER (x) 37.9 35.6 30.8 27.9EV/Ebitda (x) 32.8 34.1 32.4 30.2Dividend yield (%) 1.1 1.2 1.3 1.5ROE (%) 15.4 13.0 13.9 14.1Net gearing (%) 9.9 10.2 9.9 9.8Source: AmInvestment Bank

cies for PDT Phase 2, as Phase 2A was completed in November 2018. Th is also drove contributions from associates/JV to rise 32% q-o-q to RM41 million. With the completion of Phase 2B by June this year, we expect further write-backs of cost contingencies in 2HFY19. Addi-tionally, the group benefi ted from stronger 2QFY19 overseas contri-butions, which climbed 37% q-o-q to RM22 million.

Despite Dialog’s extensive over-seas operations, the group’s main earnings driver still stems from do-mestic operations which account for 88% of 1HFY19 pre-tax profi t.

Th e group has already reached progress stage of 30% for land rec-lamation of Pengerang Phase 3, which involves the construction of petroleum/petrochemical storage and a third jetty at an indicative in-itial cost of RM2.5 billion, in which Dialog will have an 80% equity stake and the Johor state 20%.

We expect any co-investments in petrochemical operations with multinational players to be associ-ate-level, value-enhancing and in-ternally funded without any equity raising requirements.

Th is will be part of a 500-acre zone comprising further reclaim-able land and the adjoining buff er zone. Additionally, Dialog will be expanding its dormant Langsat Terminal 3 into a 300,000 m3 stor-age facility.

Dialog trades at a FY20F PE of 32x, below its fi ve-year peak of 46x. We view its higher-than-peer pre-mium as justifi ed given Dialog’s long-term recurring cash fl ow-gen-erating businesses, which are large-ly cushioned from volatile crude oil price cycles, and further under-pinned by the Pengerang develop-ment’s multi-year value rerating bonanza together with healthy net cash balance. — AmInvestment Bank, Feb 15

Carlsberg Brewery Malaysia Bhd(Feb 15, RM21.92)Upgrade to add with a target price (TP) of RM24.50: Bloomberg consen-sus estimates that Carlsberg’s FY18 core net profi t of RM272.5 million came in above expectations, at 107% of our and 103% Bloomberg consen-sus estimates.

Th e 4QFY18 revenue rose by 6.7% year-on-year (y-o-y) to RM525.7 mil-lion, while core net profi t ticked up 3.8% y-o-y to RM67.4 million. Th is brought Carlsberg’s (CAB) full-year FY18 core net earnings (stripping out a one-off insurance claim for its Sri Lanka associate of RM4.7 million) to RM272.5 million, beating our and market estimates at 107% and 103%, respectively. CAB also declared a fi -nal 4Q18 dividend per share (DPS) of 22.4 sen and a special DPS of 9.3 sen, bringing FY18 DPS to 100 sen (versus FY16: 87 sen). Th e 110% net profi t payout was above expectations.

The higher-than-expected 4QFY18 net profi t of RM67.4 mil-lion (5.7% y-o-y and 3.8% quar-

Carlsberg premium beers seen to boost salesCarlsberg Brewery Malaysia Bhd

FYE DEC (RM MIL) 2017A 2018A 2019F 2020F 2021F

Revenue 1,768 1,982 2,168 2,337 2,511Operating Ebitda 350.3 387.8 410.8 444.4 478.6Net profit 221.2 277.2 291.9 313.5 337.2Core EPS (RM) 0.76 0.89 0.95 1.03 1.10Core EPS growth (%) 13.6 17.0 7.1 7.4 7.6FD core PER (x) 28.34 24.22 22.60 21.04 19.57DPS (RM) 0.77 1.00 0.95 1.03 1.10Dividend yield (%) 3.58 4.63 4.42 4.75 5.11EV/Ebitda (x) 18.52 16.80 15.86 14.66 13.59P/FCFE (x) 19.98 16.88 22.83 21.26 19.28Net gearing (%) (18.6) (11.9) (16.3) (20.6) (28.9)P/BV (x) 22.07 39.01 39.01 39.01 39.01ROE (%) 75 116 173 185 199% change in core EPS estimates 8.8 10.6CIMB/consensus EPS (x) 1.03 1.03Sources: CIMB Research, company reports

ter-on-quarter [q-o-q]) was due to stronger sales volume in the premi-um segment, higher associate profi ts, and a lower tax rate.

We earlier expected weak sales in 4Q18 as clients stocked up in 3Q18 prior to sales and service tax (SST) on Sept 1, 2018. Yet, CAB still posted strong sales in 4Q18 as demand re-mained robust and there were pos-itive government eff orts to reduce illicit trade.

Heading into 2019, we see two growth drivers for CAB. We expect Singapore operations to improve with better inventory management and restructuring of its operations

CAB highlighted that it is expect-ing higher production costs in tan-dem with the recent increase in raw material prices (5-10% y-o-y). How-ever, it has forward hedged bulk of its necessary raw material require-ments and is confi dent of mitigating cost pressures with ongoing cost ef-fi ciency eff orts.

Therefore, with FY18 results beating expectations, we raise our FY19-20F earnings per share (EPS) estimates by 8.8-10.6% to factor in higher premium segment sales. We also introduce our FY21 estimates.

Our dividend discount mod-el (DDM)-based TP is raised to RM24.30 while we also roll forward our valuation base year to 2019. Our rating is upgraded to “add” from “hold” given optimism on strong sales volume, growing profi tability via premiumisation and cheaper proxy to consumer sector (trading at 34% discount to current consumer sector CY20 weighted average price-to-earnings. — CGSCIMB Research, Feb 14

since 2H18. Also, we expect CAB to continue to record stronger sales volume, especially in the premium segment (Asahi, 1664 Blanc, etc)

which off er better margins vs main-stream beers (Carlsberg, etc). Th is is in line with CAB’s ongoing strategy of premiumisation.

4QFY18 revenue rose by 6.7% y-o-y to RM525.7 million, while core net profi t ticked up 3.8% y-o-y

to RM67.4 million.

Gas Malaysia Bhd

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

Revenue 3,619.0 4,053.0 5,315.3 6,233.2 6,049.8Ebit 151.1 203.2 220.3 246.4 287.1Pre-tax profit 143.6 212.8 214.7 234.1 280.6Net profit 106.2 165.1 160.7 180.4 218.9EPS (sen) 8.3 12.9 12.6 14.0 17.0EPS growth (%) -36.4 54.9 17.9 12.0 10.4PER (x) 34.1 22.0 18.7 20.1 16.6Net dividend (sen) 8.0 12.9 13.0 9.0 13.6Net dividend (%) 2.8 4.6 4.6 3.2 4.8Source: MIDF Research

that the growth in the gas sales volume will be primarily driven by rubber, oleochemical, con-sumer products and glass man-ufacturing industry supported by 2019 GDP growth of approx-imately 4.9%.

Th e incentive-based regula-tion (IBR) framework is clearly having a positive impact on the group revenue and earnings as its regulated assets continue to increase. In addition, the IBR will provide fi nancial neutrality to the company with respect to any gas cost fl uctuations.

Management guided that the increase in volume of gas sold and rise in new customers ac-quisition are likely to sustain throughout 2018. — MIDF Re-search, Feb 15

1 4 C O M M E N T MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY

Trump’s ‘national emergency’is a dangerous fraudDeclaring a bogus one to overrule Congress on public spending is an aff ront to the Constitution

BY T H E E D I TO R S

THE world has witnessed many sharp economic declines over the years, but Venezuela’s is surely one of the worst to date. The coun-try has experienced a loss of real (inflation-adjusted) GDP greater than that of most war-ravaged countries during World War II, and its inflation rate is expected to reach 10,000,000% this year. At well over 100 times the black market rate, the official exchange rate depreciates so rapidly that a quote has lost its meaning by the time it is published.

Under these conditions, food — 90% of which must be import-ed — is so scarce that the average Venezuelan is estimated to have lost 24 pounds (10.9kg); and an estimated three million Venezue-lans (representing around 10% of the population) have fled. Pow-er outages, water and medicine shortages, and near-famine have been persistent features of Presi-dent Nicolas Maduro’s brutal and incompetent reign.

Until the 1960s, Venezuela’s per capita GDP was the highest in Latin America, at around 80% that of the US. Today, it is under 30%, and also well below that of Chile,

BY A N N E O K R U EG E R

What next for Venezuela? Brazil, Mexico, and Colombia. For comparison, in 1990, Colombia’s per capita GDP was about half that of Venezuela.

With the world’s largest oil re-serves, Venezuela counts on hy-drocarbons for over 90% of its export earnings. But its oil output has fallen from a peak of about 3.5 million barrels per day in the late 1990s to around 1.3 million in 2018, with production expected to decline to 700,000 in the next couple of years.

In fact, even when the oil price has been rising, the country’s out-put has declined, owing to a lack of maintenance and investment, theft of material, Maduro’s ap-pointment of inexperienced mil-itary allies as managers, and the outmigration of oil workers who can earn much more elsewhere. An oil worker at Petróleos de Ven-ezuela, SA (PDVSA), the state-owned oil company, recently told the Wall Street Journal that he earns around US$8 (RM32.72) per month, adjusted for purchasing power parity.

Venezuela’s plight is largely self-inflicted. Despite rising oil prices, the Chavist regime allowed fiscal deficits to bulge to 24% of GDP in 2014. And since oil prices were still near their peak that year, those deficits have been financed by printing money, leading to ac-

celerating inflation. Making mat-ters worse, the government has imposed price controls so severe that retailers are required to sell their goods at a loss.

Beyond these clumsy attempts to regulate economic activity, the regime’s increasingly brutal crack-down on dissent and erosion of the country’s democratic insti-tutions have made matters even worse. Under Maduro’s watch, ba-sic services have ceased function-ing. In 2016, government workers were told to show up for just two days per week, in order to con-serve electricity; the country suf-fered mass power outages anyway.

In January, Maduro held his second inauguration, after win-ning a fraudulent presidential election last May. In response, many Latin American countries, along with Canada, the US, and some European Union member states, have recognised the speak-er of the National Assembly, Juan Guaido, as Venezuela’s legitimate president, in accordance with the country’s constitutional line of succession. In addition, the US, a major market for Venezuelan oil exports, has sanctioned the Maduro regime, frozen its bank accounts, and directed payments by US companies for Venezuelan oil into a new account that will be made available to Guaido.

In the face of mass protests, Maduro has continued to resort to the intimidation, imprison-ment, and starvation of opposi-tion figures, while bribing military leaders for their support. Yet the question is not whether Maduro can hang on, but for how long. His regime cannot last indefinitely, and when it falls, Venezuela will have pressing needs.

For starters, the country will require humanitarian aid on a vast scale. Hospitals must be re-supplied, schools reopened, and public transportation and oth-er vital services restored. And food must be made available to a severely undernourished pop-ulation.

At the same time, Venezuela will need reforms to end ram-paging inflation, restore macro-economic stability, and revive economic activity. It will also re-quire financial support to import supplies and repair machinery and equipment. This applies not just to oil production, but to all economic sectors.

Rebuilding Venezuela will be a long process. In wartime, pro-duction tends to fall because the enemy disables key infrastructure such as railroad junctions and power-generation facilities. In Venezuela, it is as if the country has been waging total war on it-

self: vital operational centres are malfunctioning because routine maintenance has been neglected and investment discouraged for more than a decade.

The challenge, then, is to re-store a stable macroeconomic environment and business climate while simultaneously improving the lot of Venezuelan citizens, so that they will continue to support political reforms. This would not be easy even in a country that has been far less ravaged than Venezuela.

One hopes that Venezuela’s next leaders and the international community understand the nature of the challenge, and will take the steps needed to maintain social peace during the reconstruction. Venezuelans can finally see light at the end of the tunnel. But dif-ficult days lie ahead. — Project Syndicate

Anne O Krueger, a former World Bank chief economist and former first deputy managing director of the International Monetary Fund, is senior research professor of inter-national economics at the School of Advanced International Studies, Johns Hopkins University, and sen-ior fellow at the Center for Inter-national Development, Stanford University.

US President Donald Trump has followed through on his ear-lier threat to declare a national emergen-cy over border secu-

rity, and use executive authority to spend more than Congress has allowed on his so-called wall. This is an abuse of his office. Trump is letting the country down — and so are the Republicans in Congress who have said they will go along.

To begin with, there is no emer-gency at the border. Th ere is an on-going problem of illegal crossings — but on the whole it is less seri-ous now than in previous years.

Securing the border does mat-ter: Trump is right about that, and Democrats look foolish when they seem to deny it. But spending billions more on a wall built to Trump’s specifi cations is not the answer. Th e compromise spend-ing bill that Congress and the president just agreed to includes US$1.375 billion (RM5.62 billion) on additional barriers and other border-security measures. The

idea that the country is imper-iled by the failure to spend an additional US$6 billion and up, on a wall that is mainly intended to save Trump’s face, is risible.

Making his announcement, the president said that national emer-gencies are no big deal. “It’s been signed by other presidents,” he said. “Th ere’s rarely been a prob-lem. Th ey sign it, nobody cares.” It is true that many declarations of emergency are currently on the books, but this ignores the central point. Th e proper use of these measures is to speed the urgent deployment of resources when ordinary budget procedures cannot move quickly enough. It is emphatically not to provide re-sources for purposes that Con-gress — granted the power of the purse by the Constitution — has overtly rejected.

Th is is why Trump’s use of the emergency power is in fact a big deal: It is an assault on the divi-sion of powers.

His action is certain to face le-gal challenge on multiple fronts, as the president wearily acknowl-edged. In the end, the courts may

grant him some fl exibility to repur-pose funds already appropriat-ed, and could even grant him some circumscribed version of

emergency authority. It is likely, though, that Trump does not actu-ally care. For the moment, he can claim that he is doing all he can,

and if the law tells him to stop, he can hardly be blamed for failing. In other words, this initiative may in the end prove to be just more pointless, divisive theatre, rather than a conscientious attempt to seize illegal power.

Even if that is true, the action is grossly irresponsible — because it does challenge the Constitution’s division of powers as though this is a small matter. It is shocking that Senate Republican leader Mitch McConnell says he backs Trump’s initiative. (Some Repub-licans, to their credit, have refused to go along with this.) McConnell’s position is both disgraceful and ill-advised, because if Trump does somehow succeed in expanding the scope of executive authority, the next Democratic president will be equally empowered to override Congress’s spending priorities.

The president’s carelessness over constitutional propriety is an insult to history. But so, too, is the failure of Republicans in Congress to discharge their duties under the Constitution — and to defend the prerogatives of their branch of government. — Bloomberg

Trump’s action is grossly irresponsible because it does challenge the Constitution’s division of powers. Photo by Bloomberg

W O R L D B U S I N E S S 1 5MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY

Elon Musk left OpenAI on disagreements about company directionHONG KONG: Elon Musk de-cided to exit OpenAI, an artifi -cial intelligence (AI) research group, over disagreements about the company’s devel-opment, Tesla Inc chief exec-utive offi cer said in a twitter post. Musk has to focus on “a painfully large number of en-gineering and manufacturing problems” at Tesla & SpaceX, he said, adding that he has not “been involved closely” with OpenAI for more than a year. Musk left the company’s board in February last year. Ope-nAI, co-founded by billion-aire Musk in 2016, this week demonstrated software able to generate authentic-looking fake news based on a few piec-es of information. Th e com-pany decided not to publish or release the most sophisti-cated versions of the software because of misuse concerns, though it created a tool to let users experiment with the al-gorithm. — Bloomberg

India raises import taxes on Pakistan goods after terror attackMUMBAI: India raised duties on all goods imported from Pa-kistan following the withdrawal of most-favoured nation status to its neighbour after a terror attack last week killed dozens of Indi-an soldiers. Th e basic customs duty on all Pakistan exports to India will be increased to 200% immediately, Finance Minister Arun Jaitley said in a post on Twitter. Withdrawing the status to Pakistan could aff ect US$2.61 billion worth of bilateral trade, an Indian government offi cial said last Friday. Imports from Pakistan include fruit, salt, fuel and fertiliser, according to the International Trade Centre. — Bloomberg

China to lure foreign investment in state giants — regulatorBEIJING: China will seek to at-tract foreign investment in its larger state-owned enterprises (SOEs), which are undergoing reforms to make them more competitive, the head of the country’s state asset regulator said. China began a new round of reforms in 2016 aimed at streamlining its lumbering SOEs by introducing private capital, curbing overcapaci-ty, shutting down “zombie” subsidiaries and restructuring assets. — Reuters

I N BR I E FHong Kong’s growth halved in 4QTh e economy was hit by trade war, slowing retail sales

TOKYO: A Nissan Motor gov-ernance committee will rec-ommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralise power at the top level, the Nikkei business daily reported yesterday.

Under Nissan’s current corporate charter, the posi-tion of board chair is auto-matically appointed to head the company board, the Nik-kei said, citing a source. For-mer chairman Carlos Ghosn had filled both roles prior to his arrest in November for under-reporting his salary for eight years.

The issue of Nissan’s chair-manship is now particularly important after the Japanese firm identified the concentra-tion of power in one executive as one of the reasons Ghosn was able to carry out his al-leged fiscal misconduct.

Speculation has swirled about whether the newly ap-pointed chairman of France’s Renault, Jean-Dominique Senard, would assume the chairmanship of the Japanese automaker.

The Nikkei report comes after the governance com-mittee said in a statement that the separation between operation and oversight was among topics discussed last Friday at the committee’s third meeting since it was formed in December after Ghosn’s arrest.

The panel, comprising three Nissan external board directors and four third-par-ty members, is scheduled to make recommendations to Nissan’s board in March on how to tighten lax governance and approval processes for matters including director compensation and chairman selection. — Reuters

Nissan panel to recommend outside director to chair board — paper

BY E R I C L A M

HONG KONG: The trade war between the US and China and slowing retail sales dragged Hong Kong’s economy growth down at the end of last year, with exports showing almost “zero growth”.

Gross domestic product in the fourth quarter (4Q) was “less than 1.5%,” according to a blog post yes-terday from Financial Secretary Paul Chan. Th e “signifi cant slow-down” was well below the 2.9% seen in the previous three months.

Hong Kong, a key fi nancial and trade hub for Asia, has been hit hard by the ongoing US-China trade war. Exports fell more than expected in December, the fi rst time sales abroad contracted in consecutive months

JAKARTA: Bank Indonesia (BI) is weighing the use of sukuk issued by other countries in its mone-tary operations as demand for sya-riah-compliant securities surge among lenders in the world’s largest Muslim-majority country.

Th e central bank is discussing whether to add more foreign sover-eign sukuk to its reserves to be used as an underlying asset for sukbi, a monetary instrument for liquidity operations, according to deputy governor Dody Budi Waluyo. BI’s ef-

since 2016. Retail sales also missed estimates in De-cember, despite a surge in mainland traffi c.

“Th e economic slow-down was very obvious,”

Chan said. “Th e impact of China-US trade friction on Hong Kong’s exports of

goods has clearly emerged at the end of last year.”

T h e s l o w d o w n means that the expan-sion for the whole year will be about 3%, the low end of the gov-

Bank Indonesia mulls accumulating global sukuk as syariah buff erBY R I E K A R A H A D I A N A

& V I R I YA S I N G G I H

forts to deepen the fi nancial market and ensure stability are hampered by inadequate syariah securities at its disposal, he said.

BI is increasingly relying on its money market operations to ensure liquidity for banks after raising rates by a total of 175 points since May to counter a sell-off in its curren-cy triggered by rising US interest rates. With the risks of a prolonged US-China trade war lingering, the central bank has been intervening in the currency and bond market to quell volatility.

Th e central bank began off ering a sovereign sukuk-backed securi-

ties, known as sukbi, to conven-tional and syariah banks from last year and the instrument has found favour with the banks. Th e bank sold four trillion rupiah (RM1.15 billion) of seven- and 14-day tenors in its latest auction last Wednesday.

Th e purchase of foreign global sukuk would be limited to top rat-ed securities, said Nanang Hendar-sah, executive director for monetary management at BI. “We have some in our foreign reserves and we are waiting for an endorsement from the National Shariah Board” to approve the plan to use them as underlying assets in sukbi. — Bloomberg

MANILA: Th e Philippines’ tax agen-cy is setting its sights on more than 50 companies operating online casi-nos catering to Chinese punters and their thousands of Chinese workers.

Th e companies in question must register with the Bureau of Inter-

ernment’s forecast, Chan said in the post, which is in Chinese. Th at is also lower than the 3.2% growth projected in November.

Th e budget surplus for the nine months through the end of 2018 was HK$59 billion (RM30.7 billion), Chan said in his post. Th at compares with the HK$138 billion surplus for the whole of the previous fi nancial year. Chan will provide a revised surplus estimate for the full year, along with economic growth data for the 4Q of 2018 and a forecast for 2019 when he announces his latest budget on Feb 27. — Bloomberg

The slowdown means that the expansion for the whole year will be about 3%, the low end of the government’s forecast, Chan said in the post, which is in Chinese. Photo by Bloomberg

BY M A K I KO YA M A Z A K I

Speculation has swirled about whether the newly appointed chairman Senard would assume the chairmanship of the Japanese automaker. Photo by Reuters

Philippines tax agency sets sights on online casinos for Chinese

BY C L A R I S S A B AT I N O nal Revenue before the Philippine Amusement and Gaming Corp will renew their licences, the Depart-ment of Finance said in a state-ment yesterday. The tax bureau also wants to join an inter-agency team monitoring the number of Chinese nationals working in the online gaming industry.

More than 50 companies, re-ferred to as Philippines-based off shore gaming operators (Pog-os), have set up businesses since President Rodrigo Duterte’s gov-ernment began awarding licences in 2016, triggering the migration of tens of thousands of Chinese workers. Of the more than 115,000

permits given to foreign workers from 2015 to 2017, 51,000 were is-sued to Chinese nationals, a labour ministry offi cial said in November.

More than three million Chinese have entered the Philippines from 2016 and many of them have ap-plied for work permits, the labour ministry offi cial said. — Bloomberg

1 6 W O R L D B U S I N E S S MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY

HONG KONG: Deutsche Bank AG’s top investor, HNA Group Co, continued to reduce its stake in the German lender as the debt-laden Chinese conglomerate prepares to exit one of its most high-profile purchases.

HNA’s C-Quadrat unit exer-cised options to sell 26.8 mil-lion Deutsche Bank shares for €363.4 million (RM1.68 billion), reducing its ownership to 6.3%, according to a fi ling with the Securities and Exchange Com-mission. Th e shares were sold at prices ranging from €11.45 to €16.70 apiece, far above cur-rent market prices, because the Chinese group had hedged its investment in Deutsche Bank with put options. Deutsche Bank shares closed at €7.752 in Frankfurt last Friday.

Th e deal marks the latest dis-posal for HNA, which was one of China’s most acquisitive com-panies until it began facing li-quidity challenges and pressure from the government. Since last year, the Chinese conglomerate has agreed to sell more than US$20 billion (RM81.8 billion) of assets ranging from property to big shareholdings.

HNA plans to dispose of its entire stake in Germany’s larg-est lender, people briefed on the matter have said. Th e Chi-nese group once held almost 10% of Deutsche Bank. In July of last year C-Quadrat trans-ferred options on more than 26 million of its Deutsche Bank shares to JPMorgan Securities plc. — Bloomberg

Didi plans Chile, Peru launches to take on UberIt is recruiting managers in some of Latin America’s fastest-growing markets

HNA cuts Deutsche Bank stake as Chinese group plans exit

Ryanair CEO’s €100m bonus is within reach

BY A N A I S A B E L M A R T I N E Z

& D AV I D A L I R E G A R C I A

BY YO U N G - S A M C H O

BY A I S L I N N L A I N G

& A D A M J O U R D A N

BY A I M E E D O N N E L L A N

LONDON: British regional airline fl ybmi announced last Saturday it had ceased operations and was fi ling for administration, blaming spikes in fuel and carbon costs and uncertainty over Brexit.

Parent company British Midland Regional Limited said it had can-celled all fl ights with immediate eff ect, and would not be able to pur-chase, rearrange or reschedule any bookings on behalf of customers.

fl ybmi, based in the East Mid-lands region of England, operated 17 aircraft on routes to 25 Europe-an cities, and had 376 employees based in Britain, Germany, Sweden and Belgium.

“It is with a heavy heart that we have made this unavoidable an-nouncement today,” a company spokesperson said in a statement posted on its website.

“Th e airline has faced several diffi culties, including recent spikes in fuel and carbon costs.

“Current trading and future prospects have also been seriously aff ected by the uncertainty created by the Brexit process,” the spokes-person added.

fl ybmi had been unable to se-cure post-Brexit fl ying contracts in Europe and feared it may not

UK airline fl ybmi collapses under fuel costs, Brexit pressures

SANTIAGO/BUENOS AIRES: Chi-nese ride-hailing giant Didi Chux-ing is planning to take on US rival Uber in some of Latin America’s fastest-growing markets, recruiting managers in Chile, Peru and Co-lombia, according to job postings and a company offi cial.

Didi has moved senior exec-utives from China to lead its ex-pansion in markets like Chile and Peru, and began in recent weeks advertising for driver operations, crisis management, marketing and business development personnel

in those countries, an analysis of LinkedIn postings show.

Didi’s widening expansion, if successful, could make for a bump-ier ride for San Francisco-based Uber Technologies Inc in Latin America, one of its fastest growth regions, as it gets ready to go public as soon as later this year.

Th e two fi rms are already bat-tling in Brazil, where Didi bought local start-up 99 in January last year, and Mexico, where the Chinese fi rm lured drivers with higher pay and bonuses for signing up other drivers and passengers.

Didi is China’s dominant ride-hailing fi rm and is backed by

investors including Japan’s Soft-Bank Group Corp. In 2016, Didi bought Uber’s local Chinese op-erations following a bruising two-year battle for domination in China.

Th e push comes as Didi is laying off staff in China as it grapples with regulatory scrutiny, reportedly sig-nifi cant fi nancial losses and public backlash over the murder of two of its customers, sources told Reuters.

Th e fi rm’s new Chile public aff airs manager, Felipe Contreras, who was previously Uber’s corporate commu-nications chief in Chile, confi rmed reports Didi was looking to hire a senior executive from Chilean cel-lular phone company WOM to lead

its engagement with government and public policy operations.

“We haven’t announced a date; this is internal to the company,” he said when asked about the timing of the hiring.

Contreras confi rmed the launch plans and told Reuters that the com-pany’s aim was to be a “market lead-er” in Chile based on “quality”, in a market where Uber, Spain’s Cabify and Greece’s Beat already transport thousands of passengers a day.

Didi is still mulling the “best time” to launch its local service, he said, saying: “We are still in the planning and recruitment phase.” — Reuters

LONDON: Ryanair is notorious for keeping costs low, but its chief executive’s (CEO) new incentive scheme is anything but frugal. Th e budget airline has granted Michael O’Leary (pic) share op-tions that could be worth almost €100 million if he doubles Rya-nair’s net profi t or share price by 2024. Th ough the target looks de-manding, it’s well within reach.

Th e €13 billion company has been losing altitude for over a year. A botched pilot rota in 2017 led to a wave of strikes that blunt-ed Ryanair’s competitive edge. O’Leary has issued two profit warnings since October and cut winter fares by 7%. Ryanair shares are down about 40% from their August 2017 high of €19.23.

Th at makes O’Leary’s bonus look a stretch. Ryanair has grant-ed him options over 10 million shares which he can exercise at €11.12 if the airline’s net income reaches €2 billion — from an ex-pected €1 billion in the current fi -nancial year — or the share price rises above €21. If exercised, the options would lift O’Leary’s stake to over 5%, making him Ryanair’s largest shareholder.

Yet the targets are not as out-landish as they may seem. Ryanair already plans to boost passenger numbers to 200 million by 2024, from an expected 142 million in the year to March 2019. Lower fares and labour disputes probably dragged net profi t per passenger down to about €7 this year. But if that fi gure recovers to €10 — less than Ryanair has achieved in the past — and the company hits its passenger targets, O’Leary will collect his reward.

Ryanair can argue that the package is good for sharehold-ers. At €21 per share, investors would be more than €11 billion better off than they were on Feb 8, when O’Leary was handed the options. Th e question, however, is how much of this is within his control. In the cyclical airline industry, earnings are highly de-pendent on the price of oil and the success or failure of rivals. Ryanair’s management deserves much of the blame for staff strikes that led to widespread fl ight can-cellations. A recovery may be less challenging than it looks. — Reuters

PHOTO BY BLOOMBERG

MEXICO CITY: Mexico will inject US$3.9 billion (RM15.95 billion) into ailing state oil company Pemex, offi cials said last Friday, promising to strengthen its fi nances and pre-vent a further credit downgrade, although investors saw the plan

Mexico to inject US$3.9b in Pemex to prevent downgradeas only a short-term fi x.

Falling oil output, corruption and high labour costs have contrib-uted to the decline of the company that was once a symbol of national pride. It now holds roughly US$106 billion in fi nancial debt, the high-est of any national oil company in Latin America. Fitch and Moody’s rate its credit one notch above junk.

Fitch said last Friday that the plan, which includes additional tax cuts, more government spending on the company and debt refi nancing, would likely not be enough to pre-vent “continued deterioration” in Pemex’s credit quality. Th e agency cited an ongoing “signifi cant level of underinvestment” for Pemex. — Reuters

be able to continue serving des-tinations on the continent after Britain leaves the EU on March 29, according to the statement.

“Against this background, it has become impossible for the airline’s shareholders to continue their ex-tensive programme of funding into the business, despite investment totalling over £40 million in the last six years,” it said.

Th e airline, which said it carried

522,000 passengers on 29,000 fl ights last year, operated under codeshare agreements with a host of Europe-an partners, including Lufthansa, Turkish Airlines and Air France.

Its fl ights operated out of Aber-deen, Bristol, East Midlands, Lon-don Stansted, Newcastle and Derry in Britain as well as a host of Euro-pean airports, including Frankurt, Milan Bergamo, Munich, and Paris Charles de Gaulle. — AFP

fl ybmi, based in the East Midlands region of England, operated 17 aircraft on routes to 25 European cities. Photo by Bloomberg

W O R L D 1 7MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY

Two hundred evacuated from mine in BrazilSAO PAULO: Vale SA has evac-uated 200 people as a precau-tionary measure in an area near one of its dams in Minas Gerais state, Brazil, the company said in an emailed statement. Th e people near the B3/B4 dam in the Mar Azul mine, about 25km from the state capital, were evacuated to a commu-nity centre on Saturday night and will be accommodated in hotels, the company said in a statement. Th e embattled min-er evacuated about 500 people near Gongo Soco mine as a pre-caution on Feb 8. Th e miner’s operations have fallen under stricter government scrutiny after more than 150 people were killed in a collapse of a structure in Brumadinho, Minas Gerais, in January. — Bloomberg

Macron’s approval rating rises to 28% — pollPARIS: French President Emma-nuel Macron’s approval rating has inched one point higher from last month, to 28%, ac-cording to a poll carried out by Ifop for Le Journal du Diman-che newspaper. Th is marks the second monthly rise for the president, who launched a se-ries of national debates in an eff ort to respond to the griev-ances of France’s “ Yellow Vest” protesters after his popularity touched a low of 23% in De-cember. Saturday marked the 14th consecutive week of pro-tests, though the number of par-ticipants dwindled by about 10,000 from last weekend to some 41,500, according to In-terior Ministry fi gures cited by AFP. An Elabe poll published last Wednesday showed for the fi rst time that a majority of peo-ple, or 56%, want the protests to stop. — Bloomberg

Australian PM to toughen border protection SYDNEY: Australian Prime Min-ister (PM) Scott Morrison said he would strengthen the country’s maritime border protection, af-ter warning that new laws passed in parliament last week would weaken its boundaries and raise national security concerns.“Th e Australian government has zero tolerance for people smuggling and illegal boat travel to Aus-tralia,” Morrison said in a video message. “No one who attempts an illegal boat journey to Aus-tralia will ever be allowed to set-tle here.” — Bloomberg

Zimbabwean rescuers pull 22 bodies from mineBATTLEFIELDS (Zimbabwe): Zimbabwean rescuers pulled the bodies of at least 22 illegal gold miners out of shafts west of Harare that were fl ooded earlier in the week, and rescued eight more alive, offi cials and wit-nesses said on Saturday. Th e ac-cident involving about 70 min-ers in Battlefi elds, 175km west of the capital, happened last Tuesday night and has shone a light on the risks run by illegal gold miners. — Reuters

I N BR I E FTwo witnesses back account of taping TrumpRosenstein considered recording interactions with president

BY B I L LY H O U S E

BY M A R G A R E T TA L E V

BY J A M E S LU D D E N

BY C L A R I S S A B AT I N O

& A N D R EO C A LO N ZO

WASHINGTON: The explosive assertion that Deputy Attorney General Rod Rosenstein (pic) considered secretly recording US President Donald Trump has been backed up in private testimony to Congress by two Federal Bureau of Investigation (FBI) lawyers.

Both officials also told law-makers that there was si-multaneous talk in the s p r i n g o f 2017, just

months after Trump’s inau-

guration, that two unidentified

cabinet officials were on board

NEW YORK: Prime Minister Th eresa May launched a desperate appeal to her Conservative Party lawmak-ers to unite behind her in driving through a Brexit agreement that might be palatable to European Union (EU) leaders.

In a letter to her members of par-liament, May said she is planning to return to Brussels for further talks with European Commission Presi-dent Jean-Claude Juncker next week and plans to speak to the leader of every EU member state in the days ahead. Gaining headway in Brussels will depend largely on whether she

WASHINGTON: US President Don-ald Trump demanded that Europe-an nations take back their citizens who joined Islamic State (IS) and were captured by US-allied forces in Syria and Iraq, warning the pris-oners would otherwise be released.

“Time for others to step up and do the job that they are so capable of doing,” Trump said in a subsequent tweet, adding that the US is “pulling back” once it can claim a “100% Caliphate victory.”

Trump has frequently ha-rangued US allies for what he considers their inadequate con-tribution to North Atlantic Treaty Organization and other mutual defence arrangements. US of-fi cials have estimated there are about 800 prisoners from four dozen countries at a series of Kurdish-run prisons and holding facilities across northern Syria. Kurdish offi cials have estimated the number of family members of captured fi ghters may top 4,000.

As Trump seeks to withdraw the US military from Syria, there is concern that the Kurds — fac-ing the threat of a Turkish attack in the absence of their American allies — may be unable or unwill-ing to hold the prisoners. Th at risks IS fi ghters being released to again take up arms.

Another potential fate for the militant captives is that they end up in the custody of Syrian Pres-ident Bashar al-Assad’s regime. Th e US preference has been for countries that the IS fi ghters orig-inally came from to take respon-sibility for them. — Bloomberg

MANILA: Philippine President Rodrigo Duterte signed into law last Friday key economic meas-ures that are seen to help lower rice prices, strengthen the central bank and bolster state revenues.

Duterte signed a bill that would remove caps on rice imports and boost supply of the staple grain, according to Executive Secretary Salvador Medialdea. Th e measure is expected to help cool infl ation, which in 2018 accelerated to the fastest pace in nine years.

The president approved amendments to the central bank charter that would expand its pow-ers, restore the institution’s abil-ity to issue debt to give it greater fl exibility in monetary operations, and pave the way for the injection of additional government capital.

Th e new law gives the central bank “an enhanced legal and reg-ulatory framework in providing a steadying hand to the fi nancial system,” governor Nestor Espe-nilla said in a statement on Sat-urday. — Bloomberg

with the idea of invoking the 25th Amendment to remove Trump as president.

Sally Moyer, who worked in the FBI’s Office of General Counsel, was not in the room when Rosen-stein allegedly raised the idea of wearing a wire in order to secretly record interactions with Trump. But she testified behind closed doors in October 2018 of being told that the conversation had taken place during a high-level Justice Department (DoJ) meet-ing in the days after Trump fired FBI director James Comey on May 9, 2017.

Rosenstein, who plans to leave his DoJ post soon, has denied that he ever “pursued or authorised recording the president,” and DoJ officials have presented the epi-sode as a passing, sarcastic refer-ence. Yet former FBI deputy di-

rector Andrew McCabe, who was also fired, said in an interview to be broadcast on CBS’s 60 Minutes yesterday that Rosenstein repeat-ed the idea more than once, and that the suggestion was taken so seriously that it was brought to lawyers at the FBI.

A review of the unreleased transcript of Moyer’s closed-door testimony to members of two House committees from Oct 23, 2018, buttresses McCabe’s ver-sion.

So, too, does the testimony of former FBI General Counsel James Baker, who discussed with the Oversight and Judiciary commit-tees during two days of closed-door questioning — on Oct 3 and 18, 2018 — what he had been told contemporaneously of Rosen-stein’s suggestions about taping Trump. — Bloomberg

May makes another plea for unity to get Brexit deal

May (right) speaking in parliament, London, Britain, last Wednesday. May said she is planning to return to Brussels for further talks with Juncker next week. Photo by Reuters

can show a united front at home.May urged her party to “move

beyond what divides us” and sac-rifice “personal preferences” to unite in the “higher service of the national interest.”

Th e Times newspaper suggest-ed May’s rhetoric will not work. It reported that Steve Baker, deputy chairman of the eurosceptic Euro-pean Research Group, told his col-leagues that Brussels and London were pretending to negotiate while running down the clock so May’s Brexit deal can be forced through parliament.

Lawmakers rejected her deal by a huge margin last Friday, and

another vote last week failed after a hard-line group of Brexit-backing members of parliament shot down any hopes May had of getting it ap-proved. Getting that bloc, while in the minority of the parliamentary party, to break bread with moder-ates has proved elusive to the point of hopeless since May triggered the Article 50 exit clause almost two years ago.

One senior member of May’s administration has said she proba-bly has two weeks to save her deal before the House of Commons takes the process out of her hands, in a vote scheduled for Feb 27. — Bloomberg

Trump: Europe must take IS prisoners

Duterte signs bills to ease infl ation, bolster revenues

REUTERS

1 8 W O R L D MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY

HANOI: North Korean leader Kim Jong-un will arrive in Vietnam on Feb 25 in advance of a planned second summit with US President Donald Trump, three sources with direct knowledge of his schedule told the Reuters news agency on Saturday.

Trump and Kim are due to meet in Hanoi on Feb 27 and Feb 28 fol-lowing their historic fi rst meeting last June in Singapore.

US Secretary of State Mike Pompeo said last Th ursday Wash-ington aims to “get as far down the road as we can” at the summit.

Kim will also meet with Viet-namese offi cials when he arrives in Hanoi, said the sources, who requested anonymity citing the sensitivity and secrecy surround-ing the movements of the North Korean leader.

He will also visit the Vietnam-ese manufacturing base of Bac Ninh and the industrial port town of Hai Phong, one source said.

Vietnam’s President and gener-

al-secretary of the ruling Commu-nist Party, Nguyen Phu Trong, will meet Kim before a planned trip by Trong to neighbouring Laos, one of the sources told Reuters.

A Reuters witness saw Kim’s close aide, Kim Chang-son, in Ha-noi on Saturday visiting a govern-ment guesthouse and the Metro-pole and Melia hotels in the centre of the capital.

Reuters was fi rst to report last month that Hanoi was preparing to receive Kim for a state visit this month.

Communist-ruled Vietnam, which has embraced economic reforms and developed close dip-lomatic ties with its former foe the US, has been widely touted as a model of reform for isolated and impoverished North Korea.

The former Cold War allies, which share a similar socialist ideology and exchanged military and political support during the Vietnam War, are eyeing a new chapter in relations following Ha-noi’s opening up and embrace of the West. — Reuters

Saudi crown prince seeks contracts, allies on Asia tour

Nuclear fears haunt leaders with US-Russian pact’s demise

Challenges to Trump emergency declaration face uphill battleConservative-majority Supreme Court likely to decide showdown

BY A L I S O N F R A N K E L & TO M H A L S

BY H E N RY M E Y E R

& M A R C C H A M P I O N

BY J A M E S P E A R S O N

WILMINGTON (Delaware)/NEW YORK: Democratic lawmakers, states and others mulling legal challenges to President Donald Trump’s national emergency dec-laration to obtain funds to build a US-Mexico border wall face an up-hill and probably losing battle in a showdown likely to be decided by the conservative-majority Supreme Court, legal experts said.

After being rebuff ed by the US Congress in his request for US$5.7 billion (RM23.31 billion) to help build the wall that was a signature 2016 campaign promise, Trump on Friday invoked emergency pow-ers given to the president under a 1976 law. Th e move, according to the White House, enables Trump to bypass lawmakers and redirect money already appropriated by Congress for other purposes and use it for wall construction.

Peter Shane, a professor at Ohio State University’s Moritz College of

Law, said challenges to the emer-gency declaration could end up as a replay of the legal battle against Trump’s travel ban targeting people from several Muslim-majority na-tions. Th e Supreme Court last year upheld the travel ban after lower courts had ruled against Trump, with the justices giving the pres-ident deference on immigration and national security issues.

Trump has painted illegal immi-gration and drug traffi cking across the border as a national security threat.

“Courts are reluctant to sec-ond-guess the president on matters of national security,” Shane said.

Democrats, state attorneys general and at least one advoca-cy group have vowed to take the Republican president to court over the declaration.

“I’ll sign the fi nal papers as soon as I get into the Oval Offi ce and we’ll have a national emergency and then we’ll be sued,” Trump said at the White House.

Th e National Emergencies Act of 1976 has been invoked dozens of times by presidents without a single successful legal challenge. Congress never defi ned a national emergency in the law.

Th e legal experts said Trump’s declaration could be challenged on at least two fronts: that there is no genuine emergency and that Trump’s action overstepped his powers because under the US Con-stitution, Congress has authority over federal appropriations, not the president.

Trump made the declaration af-ter asking Congress to appropriate US$5.7 billion for wall construction and lawmakers gave him none.

Th e Supreme Court has a 5-4 conservative majority that includes two justices appointed by Trump — Brett Kavanaugh and Neil Gorsuch.

Chief Justice John Roberts has emerged as the court’s swing vote, and the decision on the legality of Trump’s action could come down to him.— Reuters

MUNICH: US President Donald Trump’s decision to pull out of a landmark arms control treaty with Russia is turning the worst fears of a dangerous weapons race into reality.

Th e US and its allies are laying the groundwork to deploy new in-termediate-range missiles in Europe for the fi rst time since they were banned in a 1987 treaty, a move that would prompt a tit-for-tat Russian response. With a second nuclear pact likely to expire in two years, the risks of confrontation are growing.

Jens Stoltenberg, North Atlantic Treaty Organisation’s top civilian, cited recent Russian deployments and evoked a Cold War-style threat of nuclear destruction at a global conference of security and defence offi cials this weekend in Munich, the baroque German metropolis that is one of Europe’s richest cities.

“Th ese missiles are mobile, easy to hide and nuclear-capable. Th ey can reach European cities, like Munich, with little warning,” Stoltenberg said.

As US offi cials accused Russia of provoking the crisis by violating the accord, German Chancellor Angela Merkel voiced a sense of alarm that’s spreading in Europe

as the two big powers trade blame.“We’re stuck with the conse-

quences. At the same time, blind rearmament can’t be the answer,” she said.

Th e looming standoff puts Wash-ington and Moscow on a path back to the era of the 1950s and 1960s when the two superpowers were rapidly building up their strategic forces. It risks destroying decades of arms control eff orts under which the rivals accepted limits on their arsenals in the wake of the 1962 Cuban missile crisis, which took them to the brink of a nuclear clash.

“Are we getting closer to the 60s

when we had an uncontrolled Cold War?” said Finnish President Sauli Niinisto.

“Are we heading to a situation where we must see that it’s the end of diplomacy?”

Poland, which already hosts US missile-defence systems that have angered Russia, is seen as a po-tential site to host the American weapons, along with the ex-Soviet Baltic countries and other neigh-bours. Polish Foreign Minister Ja-cek Czaputowicz said any missile deployment in his country would be decided “collectively by allies.” — Bloomberg

ISLAMABAD: Saudi Arabia’s power-ful crown prince arrived in Pakistan yesterday, the start of an Asian tour during which he will seek lucrative contracts.

Mohammed bin Salman, wide-ly known as “MBS”, is expected to land in the capital Islamabad and will stay in Pakistan until today.

His trip comes amid high ten-sions in the region: India and Sau-di Arabia’s arch-rival Iran — both bordering Pakistan — have ac-cused Islamabad of backing mil-itant groups which have carried out bloody suicide attacks on their soil in recent days.

After Pakistan, MBS will travel to India, where he will meet Prime Minister Narendra Modi and Pe-troleum Minister Dharmendra Pradhan.

He is expected to fi nish the trip with a visit to China on Th ursday and Friday.

Two short stops initially sched-uled for yesterday and today in Indonesia and Malaysia were postponed on Saturday without explanation.

Th e Asia trip comes fi ve months after the murder of journalist Jamal Khashoggi, a fi erce critic of MBS, at the Saudi consulate in Istanbul ignited a diplomatic crisis.

Turkey said last Friday it has not yet revealed all the information it has uncovered in the extraor-dinary case, which launched a global wave of revulsion and has profoundly tarnished the image of the kingdom, especially that of the crown prince.

But for analysts, the Asia tour — the largest outing on the in-ternational scene for the crown prince since his participation in the Group of 20 summit in Argen-tina last December — is a timely demonstration to the West that he still has friends in rising Asia. — AFP

TOKYO: Japanese Prime Minister Shinzo Abe nominated US Pres-ident Donald Trump for the No-bel Peace Prize last autumn after receiving a request from the US government to do so, the Asahi newspaper reported yeserday.

The report follows Trump’s claim on Friday that Abe had nominated him for the Nobel Peace Prize for opening talks and easing tensions with North Korea.

The Japanese leader had given him “the most beautiful copy” of a five-page nomination letter, Trump said at a White House news conference.

The US government had sounded Abe out over the No-ble Peace Prize nomination af-ter Trump’s summit in June last year with North Korean leader Kim Jong-un, the first meeting between a North Korean leader and a sitting US president, the Asahi said, citing an unnamed Japanese government source.

A spokesman for Japan’s For-eign Ministry here said the min-istry was aware of Trump’s re-marks, but “would refrain from commenting on the interaction between the two leaders”.

The White House had no im-mediate comment. — Reuters

Kim to arrive in Vietnam on Feb 25 ahead of Trump summit

BY A M É L I E H E R E N S T E I N

Abe nominated Trump for Nobel Peace Prize on US request — AsahiFilepic of Russian Yars RS-24 intercontinental ballistic missile systems roll along Red

Square during a rehearsal. Photo by AFP

F E AT U R E 1 9MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY

Singapore plans cautious budget with an eye on electionFamiliar policy priorities include infrastructure spending, healthcare and digital economy support

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

Singapore Finance Min-ister Heng Swee Keat will aim to strike a del-icate balance in today’s budget: preaching fiscal prudence while doling

out more social spending ahead of elections that could come as early as this year.

While not expected to be as head-line-grabbing as last year — when Heng fl agged a hike in the goods and services tax (GST) — the 2019 budget will cover a range of famil-iar policy priorities. Infrastructure spending, more healthcare support for a rapidly ageing population, and help for fi rms transitioning in a dig-ital economy were top-of-mind for Heng in a Jan 22 interview.

The global backdrop calls for more caution. Weaker demand and US-China trade tensions saw Sin-gapore’s export-reliant economy grow at a slower pace than expected in the fourth quarter, data showed last Friday.

“Expectations for a spending spree are high on past surplus-es, likely elections and downside economic risks,” Mohamed Faiz Nagutha, an economist at Bank of America Merrill Lynch here, said before the data was released. Th ose expectations should be reined in since the economy “is not in a cri-sis,” he said.

The budget deficit could be smaller than projected, thanks to

improved tax collection. Nagutha sees a shortfall of 0.6% of gross do-mestic product (GDP) in the prima-ry balance, versus the government’s 1.6% estimate.

Here’s what else to look out for in the Singapore budget announce-ment:

Healthcare“Merdeka” will be the word of the day. Th at refers to a big portion of the population that came of age during Singapore’s independence era in the 1960s, and which the government plans to support through insurance subsidies, top-ups for medical sav-ings programmes, long-term care funding and other goodies.

Having already rolled out simi-lar assistance for the elder Pioneer Generation in fi scal 2014, the larger Merdeka Generation of almost a half-million citizens could benefi t from about S$8 billion (RM24.13 billion) in fresh spending, accord-ing to an estimate by economists at Maybank Kim Eng Research Pte. in Singapore.

Th e support is in line with the government’s messaging on en-suring the city state thrives even as its population ages at one of the fastest rates in Asia.

InfrastructureHeng and other offi cials have reiter-ated that they’re “not done building Singapore.” Last year’s infrastruc-ture component of the budget was quite broad, including the forma-

tion of a new government agency dedicated to acting as a broker for the region’s much-needed devel-opment projects.

This year, we are likely to see more housing than road-and-rail: Lee has already fl agged more spending to revamp public hous-ing, and the budget might build on those schemes. Since the intro-duction of housing curbs in mid-2018 to damp price increases, some homeowners have found it diffi cult to sell their properties. Look for some form of resale support, Citi-group Inc said Feb 7.

National securityNational security could make up a growing slice of the spending pie. While maritime skirmishes with neighbouring Malaysia have grabbed attention since the start of this year, Singapore officials may also boost defence spend-ing because of the rising threat of cybersecurity breaches and terrorism.

Defence spending is also over-due for an increase, having grown at less than half the pace of social or economic development, accord-ing to Barnabas Gan, an economist

at United Overseas Bank Ltd here. Th ere may also be further confi r-mation of a purchase of some F-35 fi ghter jets made by US defence giant Lockheed Martin Corp, the Maybank analysts suggest.

Digital businessHeng said last month that the budget will reserve some focus on helping small businesses adapt to a digital economy, so look for re-search and development incen-tives or other credits to help boost those fi rms.

The government could offer some support for firms looking to expand overseas, such as a fast track for grant approval in high-growth industries or more support for trade associations abroad, said Irvin Seah, an econ-omist at DBS Group Holdings Ltd in Singapore.

Tax tweaksHaving already announced an in-crease in the GST to 9% from 7% sometime in the 2021-25 period, there may be more detail on the plan in this year’s budget. Also pos-sible is further guidance on how Singapore plans to tax digital pur-chases, given last year’s announce-ment that a GST on imported ser-vices would take eff ect at the start of 2020.

And do not count out the possi-bility of a sugar tax amid the govern-ment’s long-time diabetes-aware-ness campaign. — Bloomberg

IF China and the US are in the midst of a divorce, Europeans look increas-ingly like the children.

Th at was the impression given by a series of back-to-back appear-ances on Saturday, from US Pres-ident Mike Pence, Chinese polit-buro member Yang Jiechi, Russian Foreign Minister Sergei Lavrov and German Chancellor Angela Merkel. The speeches put growing great power rivalries on display, but with Europe more the object of a custody battle than a participant.

Speaking at the annual Munich Security Conference, Yang looked like he was trying to drive a wedge between the US and its European Union (EU) allies, singling out trans-atlantic diff erences over multilater-alism and technology investment.

He spent much of his speech ex-tolling the virtues of cooperation, international organisations and free trade, popular in Europe, and at-tacked the dangers of “protection-ism,” as well as “hegemony and pow-

China, Russia team up for push to split US from Nato alliesBY M A R C C H A M P I O N er politics.” Th e US was not named,

but the target was clear.Yang disputed Pence’s warnings

that Chinese technology giant Hua-wei Technologies Co would expose European 5G networks to the risk of espionage and suggested that Euro-peans deserve more respect from their traditional ally.

“I hope some Americans will have a bit more confi dence in themselves and be a little more respectful to peo-ple, people in the so-called old world,’’ said Yang, a former Chinese ambas-sador to the US, using a common American euphemism for Europe. “People all know where their interests lie, so let there be fewer lecturers.’’

Tensions with USLavrov invited the EU to create an integrated economic space in Eur-asia with Russia and echoed Presi-dent Vladimir Putin’s recent public endorsement of French-led plans to build a European army.

“Whether the EU will be allowed to do that is another matter,’’ he added caustically.

Th ere is no shortage of tension in the EU-US alliance for potential rivals to exploit.

Pence repeated his demand for Europe to fall in line with more ag-gressive US policies towards Iran and accused the EU of undermining its eff orts to isolate the government in Tehran by creating a vehicle to help investors avoid US sanctions. He also drew a comparison between Iran and Nazi Germany, following a trip to the Auschwitz death camp site on Friday.

“One lesson of that dark chap-ter of human history is that when authoritarian regimes breathe out vile anti-Semitic hatred and threats of violence, we must take them at their word,” Pence said.

Syria withdrawalMerkel had restated German sup-port for the Iran nuclear deal only minutes before. She also appealed for the US to consult its allies before any new decision on deployments in Afghanistan, where Germany has more than 1,000 troops. European offi cials were dismayed by Trump’s

failure to consult them on his deci-sion to withdraw US forces from Syria.

“Is it a good thing to withdraw troops immediately from Syria, or will that strengthen Iran’s hand and Russia’s hand?” Merkel said through a translator. “We need to talk about that.”

Still, she reserved her most ag-grieved language for the potential US imposition of tariff s on imports of European automobiles and parts. Echoing industry expectations that a US Treasury report due yesterday will fi nd auto imports to be a threat to US national security, she said she was “shocked’’ by the idea that the US would consider German cars a threat, noting that the biggest plant produc-ing BMWs was in South Carolina.

American leadershipFor all these disputes, there was little sign that either the US or Europeans were ready to break the 70-year alli-ance built around the North Atlan-tic Treaty Organisation (Nato) with more American troops and armour engaged in European defence than

during the Obama administration. A record bipartisan delegation of US Congress people and former offi -cials, including Pence’s predecessor as vice president, Joe Biden, sought to reassure allies that US President Donald Trump’s American First pol-icies were an aberration.

“Th e America I see does not want to turn its back on the world, or its allies,’’ Biden said, in what amount-ed to a domestic US rebuttal to Pence’s speech. “Th is too shall pass. We will be back.’’

Pence in his speech sought to show the US has not actually gone away and remains the unchallenged leader of the West. He used ver-sions of the word “lead’’ 19 times and argued that increased defence spending among Nato members and the international recognition of National Assembly leader Juan Guaido as Venezuela’s president show the world is still prepared to follow Trump’s initiative.

“And so,’’ said Pence, “America is leading the free world once again.’’ — Bloomberg

Heng said last month that the budget will reserve some focus on helping small businesses adapt to a digital economy. Photo by Bloomberg

2 0 H O M E B U S I N E S S MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY

WEEK IN FOCUS

1 Primary Industries Minister Teresa Kok (left) and Indonesia Deputy Minister for Food and Agriculture, Coordinating Ministry of Economic Affairs Musdhal-ifah Machmud speaking at a press con-ference in Putrajaya on Feb 12. Kok said that Malaysia is mulling over establishing a fund to help contain price fluctuations of biodiesel to ensure the fuel remains attractive to domestic consumers. Photo by Shahrin Yahya

2CIMB Group chief marketing officer Mo-hamed Adam Wee Abdullah (right), head of consumer banking Malaysia Daniel Cheong (third from right), head of group cards issuing business Lim Gaik Lin (left),

together with the top three winners of CIMB’s Live Your Dream Campaign at a prize-giving ceremony in Kuala Lumpur recently. The grand prize winner walked away with a Savio by Riana Dutamas ser-viced apartment while the second- and third-prize winners were presented with a BMW 318i car each. The campaign re-warded CIMB credit card holders who had spent a minimum of RM50 with their card.

3(From left) Allianz Life Insurance Ma-laysia Bhd chief operations officer Stefan Ritz, Allianz Malaysia Bhd chief executive officer (CEO) Zakri Khir, Allianz General Insurance Co (Malaysia) Bhd chief sales

officer (CSO) Horst Habbig, Allianz Life Insurance Malaysia deputy CSO Ray-mond Cheah, and Allianz Life Insurance Malaysia CEO Joseph Gross celebrating the Chinese New Year festival with a lion dance performance at the Menara Alli-anz Sentral in Kuala Lumpur on Feb 12.

4 Celcom Axiata Bhd chief executive of-ficer Idham Nawawi distributing red packets to staff during the company’s Chinese New Year celebration at the new headquarters @celcom in Petaling Jaya, Selangor on Feb 13.

5 (From left) Saujana Hotels and Resorts vice-president of operations Peter Hou-

rigan, Carlsberg Brewery Malaysia cor-porate communications and corporate social responsibility director Pearl Lai, ATG Watch chief executive officer (CEO) Tham Onn Chuan, Mercedes-Benz Ma-laysia president and CEO Dr Claus Weid-ner, Mercedes-Benz Financial Services head of sales and marketing Paul Wong, Kingslager CEO and co-founder Niels Strohkirch, TaylorMade marketing man-ager Awang Zekree, and Crest Link man-aging director Raymond Yee at a press conference announcing the return of the MercedesTrophy for the 29th year in Malaysia in Kuala Lumpur on Feb 12. The MercedesTrophy is an exclusive international invitational tournament

1 2

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SPREADING FESTIVE JOY ... Malayan Banking Bhd chairman Datuk Mahaiyani Shamsudin (back row, fi fth from left), chief executive offi cer Datuk Abdul Farid Alias (back row, fourth from left), and members of the group’s board of directors and senior management celebrating Chinese New Year together with 100 guests from House of Joy, Sunteck Handicapped Welfare Home and SJK(C) Chiao Nan at Menara Maybank in Kuala Lumpur recently.

H O M E B U S I N E S S 2 1MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY

series for Mercedes-Benz Malaysia’s cus-tomers who are golf enthusiats. —Photo by Shahrin Yahya

6 (From left) Kota Bumi Sdn Bhd director Carlwin Yee, managing director (MD) Herman Yee, and Volkswagen Passen-ger Cars Malaysia MD Erik Winter at the official launch of the Volkswagen Kota Bumi 3S centre in Inanam, Sabah on Feb 14. It is the only authorised Volkswagen dealership in Sabah, bring-ing the total of nationwide Volkswagen 3S centres to 18.

7 Carlsberg Brewery Malaysia Bhd (Carls-berg Malaysia) managing director Lars

Lehmann (left) and chief financial officer Lim Chee Keat at the press and analyst briefing for the group’s financial results in Kuala Lumpur on Feb 14. Carlsberg Ma-laysia’s net profit for the fourth quarter of financial year 2018 (FY18) rose 34.9% to RM67.45 million or 22.06 sen per share, from RM50 million or 16.36 sen per share a year ago, and will pay out a record high dividend of 100 sen for FY18. —Photo by Shahrin Yahya

8 AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir (right) and business banking managing director Christopher Yap together with the “Best SME Bank Malaysia 2018” award present-

ed by Global Banking & Finance Review, a leading UK-based financial portal and print magazine recently.

9 Kerjaya Prospek Group Bhd executive chairman Datuk Tee Eng Ho (right) and HCK Capital Group Bhd controlling shareholder Tan Sri Clement Hii, also SEG International Bhd group managing director, at a contract signing ceremo-ny in Kuala Lumpur on Feb 12. Kerjaya Prospek (M) Sdn Bhd, wholly-owned subsidiary of Kerjaya Prospek Group, accepted a letter of award worth RM280 million from HCK Builders Sdn Bhd, subsidiary of HCK Capital Group, to undertake main building works for a

proposed project located in Subang Jaya, Selangor.

10 Allianz Malaysia Bhd chief executive offi cer (CEO) Zakri Khir (left) and

Allianz Life Insurance Malaysia CEO Joseph Gross at the launch of Allianz Junior Football Camp (AJFC) Malaysia League in Kuala Lumpur on Feb 13. Th e programme, open to aspiring footballers aged between 14 and 16 years, will once again off er young Malaysian footballers the chance to be part of AJFC in Mu-nich, Germany and to train at Säbener Strasse — home of reigning Bundesliga champions and one of Europe’s football powerhouses FC Bayern Munich.

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

MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY

PersonalASSISTANTC O M P I L E D BY S O P H I YA S A B A PAT H Y

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

READ Power of Moments: Why Certain Expe-riences Have Extraordinary Impact by Chip Heath. This book is a New York Times Best-seller and is said to be beautifully written and brilliantly researched. It is fi lled with remarkable tales and practical insights. For RM57.69, this book is available on malaysia.kinokuniya.com.

WATCH Russian Doll on Netfl ix which fol-lows a cynical young woman based in New York City who keeps dying and returning to her birthday party. She tries to fi nd a way to break the cycle of this strange time loop. Available for viewing at netfl ix.com.

TREAT yourself to a body lotion which will mois-turise and scent your skin with the fragrance of Swiet-enia. With notes of Mahog-any fl ower combined with hints of orange flower and bigarade leaf, this cream embodies ultimate freshness. Grab one for RM83 today at thebod-yshop.com.my.

Here are some of the

road rockets currently

being made

BY I R E N E G A R C I A P E R E Z

CRAZY-EXPENSIVE SUPERCARS

ONCE super rare, supercars have multiplied since the global fi nancial crisis, and today there are more crazy-fast crazy-expensive road rockets than ever. With their cutting-edge technology, race-inspired design, and high-end materials, the cars are equal parts engineering and artistry — and as such, frequently spend far more time in collectors’ garages than on roads or tracks. And because they are often sold before the fi rst metal is bent or screws are turned, prices for second-hand models can be almost twice what they cost new. Here are some currently being made. — Bloomberg

ASTON MARTIN DB4 GT CONTINUATIONMade in 2018 based on a 1960s model, the new version of what was once Britain’s fastest passenger sports car is not street-legal and can be used only on the track.• Price: US$1.9 million (RM7.77 million)• Units: 25• Made in: Newport Pagnell, the UK• Acceleration 0-60mph (97kph): 6.5 seconds• Cylinders: six• Top speed: 150mph

ASTON MARTIN VALKYRIEThis all carbon-fi bre hybrid model has gull-wing doors and a removable steering wheel to make it easier to get in and out.• Price: US$3.2 million

• Units: 150• Made in: Gaydon, the UK• Acceleration 0-62 mph: 2.5 seconds• Cylinders: 12• Top speed: 250 mph

live it! 23

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

MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY

BUGATTI CHIRONNamed after racer Louis Chiron, the car features a diamond membrane on its speakers.• Price: US$2.8 million• Units: 500• Made in: Molsheim, France• Acceleration 0-62mph: 2.5 seconds• Cylinders: 16• Top speed: 261mph

BUGATTI VEYRON 16.4This coupe achieved a land-speed world record for a production series car. • Price: US$1.8 million• Units: 300

• Made in: Molsheim, France• Acceleration 0-62mph: 2.5 seconds • Cylinders: 16• Top speed: 258mph

FERRARI MONZA SP2 AND SP1Inspired by the 1950s Ferrari racing “barchetta”, which won the Le Mans 24 Hour Race six times between 1949 and 1962, the models have no roofs — so you will only want to take them out in fair weather.

• Price: US$1.8 million• Units: 499 (combined)• Made in: Maranello, Italy• Acceleration 0-62mph: 2.5 seconds• Cylinders: 12• Top speed: 186mph

MCLAREN SENNAA tribute to the legendary Brazilian Formula One racer Ayrton Senna, this car is street-legal but is designed for the track.• Price: from US$965,000

• Units: 500• Made in: Woking, the UK• Acceleration 0-62mph: 2.8 seconds• Cylinders: eight• Top speed: 208mph

MERCEDES-AMG PROJECT ONEThe model features an eight-speed transmission, a high-performance carbon ceramic braking system, and four electric motors.• Price: US$2.6 million• Units: 275

• Made in: Aff alterbach, Germany and Brixworth and Brackley, the UK• Acceleration 0-124mph: six seconds• Cylinders: six• Top speed: 200mph

PAGANI HUAYRANamed after a Quechua wind god, the Huayra features a removable carbon fi bre roof and an exposed shifting mechanism.• Price: US$1.3 million

• Units: 100• Made in: San Cesario sul Panaro, Italy• Acceleration 0-62mph: 3.2 seconds• Cylinders: 12• Top speed: 235mph

PORSCHE 918 SPYDERThe plug-in hybrid model features an electric motor on each axle. • Price: US$1 million• Units: 918

• Made in: Stuttgart, Germany• Acceleration 0-62mph: 2.6 seconds• Cylinders: eight• Top speed: 214mph

KOENIGSEGG REGERAThe latest Koenigsegg model includes proximity sensors to keep its hydraulic doors from striking nearby objects. • Price: US$2 million• Units: 80• Made in: Angelholm, Sweden• Acceleration 0-249mph: 20 seconds • Cylinders: eight• Top speed: 249mph

2 4 S P O RT S MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY

ADELAIDE: Nelly Korda added to an amazing family tradition of winning top titles Down Under by claiming the LPGA Australi-an Open here by two shots and celebrating with a scissors kick yesterday.

Th e world No 16 American has been the form player of recent months, scoring two wins and two other top-three fi nishes in her last fi ve events.

In carding a 17-under-par 271, holding off South Korean chal-lenger Ko Jin-young, Korda joined her father, sister and brother in being crowned an Open cham-pion on Australian soil.

Dad Petr got the ball rolling by winning the Australian Open tennis Grand Slam in 1998, beat-ing Marcelo Rios, and celebrated with his trademark scissor kick.

Her sister Jessica then won the Australian Open golf in 2012, du-plicating her father’s celebration, as did brother Sebastian when he took out the Australian Open tennis boys’ title last year.

Manchester City end Newport’s Cup dream Foden scored twice in an ultimately comfortable 4-1 victory

BY M A R T Y N H E R M A N

I N BR I E F

Lawyer for Kaepernick says quarterback still wants to play in NFLLOS ANGELES: Th e lawyer for Colin Kaepernick said his cli-ent “absolutely wants to play” in the National Football League (NFL) again and that the New England Patriots and Carolina Panthers would be good fits for him. Mark Geragos spoke with the US media a day after Kaepernick reached a settle-ment with the NFL concerning a collusion grievance he fi led against it. Th e former San Fran-cisco 49ers quarterback helped spark a wave of protests about US racial injustice in 2016 by kneeling while the American national anthem played during NFL games. — AFP

Cole scores fi rst FA Cup goal but Derby exitLONDON: Former Chelsea and England defender Ashley Cole scored his fi rst ever goal in the FA Cup but it was not enough for Championship side Derby County as they were beaten 2-1 by Brighton and Hove Albion in the fi fth round on Saturday. Substitute Cole, who had not scored in English football since 2012, struck late on after Premier League Brighton had moved in to a two-goal lead thanks to fi rst-half goals by Anthony Knock-aert and Juergen Locadia. Th e veteran left back, a seven-times FA Cup winner, joined Derby, managed by his former Chel-sea teammate Frank Lampard, in January having left LA Galaxy last year. — Reuters

Di Grassi seizes Mexico Formula E win at the lineMEXICO CITY: Brazilian Lu-cas Di Grassi seized a last-gasp victory in a wild finish to the Mexico City ePrix on Saturday, with Belgian Je-rome d’Ambrosio returning to the top of the all-electric Formula E standings. Germa-ny’s Pascal Wehrlein had led from pole position in a race that was red-fl agged after less than fi ve minutes when Bra-zilian Nelson Piquet Jr had a big smash. Wehrlein led from the restart but used too much energy defending on the last lap against Di Grassi and ran out of power within metres of the fi nish line as he sped past to win for Audi. — Reuters

Wawrinka reaches second Rotterdam fi nalROTTERDAM: Three-time Grand Slam title winner Stan Wawrinka reached his second Rotterdam Open fi nal on Satur-day by knocking out top seed Kei Nishikori 6-2, 4-6, 6-4. Switzer-land’s 2015 champion needed al-most two and a quarter hours to defeat the Japanese star who was playing at the Dutch event for the fi rst time. Wawrinka will face off for his fi rst title since Geneva in May 2017 when he would have played against good friend Gael Monfi ls in yesterday’s fi nal. Th e French showman returned to the fi nal as he overhauled Daniil Medvedev 4-6, 6-3, 6-4. — AFP

LONDON: Manchester City en-dured some anxious moments but escaped from fourth-tier Newport County with their FA Cup hopes intact as Phil Foden scored twice in an ultimately comfortable 4-1 fi fth-round victory on Saturday.

Newport, 82 rungs below City on the English football ladder, rat-tled Pep Guardiola’s aristocrats in the fi rst half and Tyreeq Bakinson almost gave them the lead at a

rocking Rodney Parade.But City’s class showed in the

second half and once Leroy Sane’s powerful shot from a tight angle put them in front after 51 minutes the chances of a seismic Cup shock faded away.

Foden’s 75th-minute shot crept in at the near post to subdue the home fans but when Padraig Amond main-tained his run of scoring in every round with an 88th minute lob it seemed possible Newport’s fairytale might have a late twist.

But a second goal for youngster Foden arrived 71 seconds later be-fore Riyad Mahrez rubbed salt into Newport’s wounds with virtually the last kick of the game as City claimed a 12th win in 13 matches in all competitions.

“It was a really tough game and it was lucky that Phil got the third goal,” Guardiola, whose side are still chasing silverware on four fronts, said.

“Newport used their strengths and we are not used to playing

against that every week. Th at’s why the Cup is so special.”

In the day’s other ties Brighton and Hove Albion shrugged off their poor Premier League form to beat Frank Lampard’s Derby County 2-1 thanks to fi rst-half goals by Anthony Knockaert and Juergen Locadia.

Millwall booked their place in the quarter-fi nals with a 1-0 vic-tory over an AFC Wimbledon side who had outclassed top-fl ight West Ham United in the previous round. — Reuters

Nelly Korda wins Australian Open

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

DOHA: Belgium’s Elise Mertens claimed the biggest win of her ca-reer on Saturday, surprisingly com-ing from a set down to beat world No 3 Simona Halep and clinch the Qatar Open.

Th e world No 21 won 3-6, 6-4, 6-3, despite being outclassed in the fi rst set, overcoming an eight-minute medical time-out for back pain in the second set, and losing 18 consecu-tive points at one stage in the match.

“It’s a big moment for me, getting that victory,” said a jubilant Mertens, 23, afterwards.

“I think this one would be, espe-cially also with my tennis I played,

BY R A P H A E L L E P E LT I E R

& R E B EC C A F R A S Q U E T

PARIS: Tobacco giants Philip Mor-ris International (PMI) and Brit-ish American Tobacco (BAT) have formed partnerships with their scientifi c research subsidiaries and Formula 1 (F1) teams Ferrari and McLaren more than a decade after cigarette advertising was banned from the sport.

US giant PMI, whose Marlboro brand was long associated with

Mertens beats Halep for Qatar Open title

Not to be outdone, Nelly also nailed the “Korda Kick” after her fi nal round 67.

Just minutes after tapping in a par putt at the 18th hole, she was handed a phone and her elder sister was looking at her through Facetime.

Korda put it in context: “I’m fi -nally a part of the club.

“She was pretty much screaming congratulations, she was so happy for me. I mean this win was really special for my family,” she added.

“I think there’s something in the air here, we love coming Down Under.

“I just got off the phone with my dad and he said ‘well, congrat-ulations, you’re part of the Korda Slam now’.”

Korda was the overnight leader and held her nerve despite

a bogey on the 15th to beat Ko by two and Tai-wan’s Hsu Wei-ling by fi ve. — AFP

the nicest one, nicest victory.”Her win, in a little over two hours,

was her third victory over a top ten player in Doha this week, and her second over a Grand Slam cham-pion.

Halep is the reigning French Open champion and Angelique Ker-ber, whom she beat in the semi-fi -nals, holds the Wimbledon title.

Qatar is the fi fth title of Mertens’ career but notably her fi rst at a pre-mier-level event.

She said it outshone her achieve-ment in getting to the Australian Open semi-fi nals in 2018.

Mertens started nervously, lost her opening service game, and the fi rst set in just 32 minutes. — AFP

Mertens (centre) posing on the podium with Qatar Airways attendants after her victory in the WTA Qatar Open fi nal tennis match in Doha on Saturday. Photo by AFP

Nelly doing the ‘Korda Kick’ with the winner’s trophy following her victory on the fi nal day of the women’s LPGA Tour-sanctioned Australian Open golf championship at the Grange Golf Club in Adelaide yesterday. Photo by AFP

Tobacco companies return to F1

Ferrari, re-entered the sport last October, branding Ferrari cars with “Mission Winnow” and a logo that hints at the white-on-red triangles of the old Marlboro packs.

“Mission Winnow is aimed at illustrating our commitment to constant development. Th is initi-ative shines light on the new Philip Morris and our partners and our commitment and common desire to develop for the best,” the group’s communications director Tomma-so di Giovanni explained. — AFP

2 5

MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY

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

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

Bursa Malaysia

FBM KLCI 1,688.83 -0.23 -0.01FBM ACE 4,646.59 5.73 0.12FBM TOP 100 11,612.90 6.49 0.06FBM EMAS 11,750.27 4.70 0.04FBM MID 70 14,028.19 41.35 0.30FBM MIDS CAP 13,214.72 -32.91 -0.25FBM SMALL CAP 12,670.18 -36.07 -0.28FBM FLEDGLING 15,145.53 -64.51 -0.42FTSE4GOOD BURSA M’SIA 944.57 -0.21 -0.02FBM PALM OIL PLANTATION MYR 13,429.57 63.00 0.47FBM EMAS SHARIAH 11,663.60 39.39 0.34FBM HIJRAH SHARIAH 13,184.10 48.23 0.37FBM MIDS CAP SHARIAH 12,658.52 -17.53 -0.14

INDICES CLOSE +/- %CHGCONSTRUCTION 177.65 -0.21 -0.12CONSUMER PRODUCTS & SERVICES 684.48 1.66 0.24ENERGY 950.01 0.48 0.05FINANCIAL SERVICES 17,632.56 -87.00 -0.49HEALTH CARE 1,268.74 -5.44 -0.43INDUSTRIAL PRODUCTS & SERVICES 163.13 0.40 0.25PLANTATION 7,335.43 47.36 0.65PROPERTY 936.12 4.19 0.45REAL ESTATE INVESTMENT TRUSTS 960.23 -2.94 -0.31TECHNOLOGY 32.09 0.17 0.53TELECOMMUNICATION & MEDIA 667.72 -2.27 -0.34TRANSPORTATION & LOGISTICS 768.36 0.94 0.12UTILITIES 985.32 4.79 0.49

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS & SERVICES 1.132 0.700 0.845 0.830 0012 3A 0.830 -0.015 108.1 0.835 12.37 2.41 408.4 0.450 0.205 0.285 0.275 5238 AAX 0.275 -0.010 13861.6 0.280 — — 1,140.7 0.490 0.300 0.425 0.410 7120 ACOSTEC 0.420 UNCH 646.1 0.417 — — 81.7 2.606 1.390 1.520 1.510 6599 AEON 1.520 0.010 1793.2 1.519 21.47 2.63 2,134.1 0.255 0.115 0.140 0.135 7315 AHB 0.140 UNCH 151.8 0.138 — — 24.6 8.870 4.799 8.650 8.470 7090 AHEALTH 8.480 UNCH 409.8 8.484 18.21 1.53 997.5 3.974 1.997 3.080 3.050 5099 AIRASIA 3.050 -0.040 3913.4 3.066 3.64 7.87 10,193.0 24.942 17.740 18.740 18.600 2658 AJI 18.700 -0.040 6.5 18.65 19.41 2.49 1,136.9 0.360 0.140 0.275 0.275 7051 AMTEK 0.275 UNCH 12.3 0.275 — — 13.7 8.344 5.600 5.750 5.750 6351 AMWAY 5.750 UNCH 0.1 5.750 20.53 3.48 945.2 0.035 0.005 0.025 0.020 5194 APFT 0.020 UNCH 45308.5 0.020 — — 26.8 4.339 3.550 3.920 3.880 6432 APOLLO 3.920 0.120 16.9 3.881 24.67 5.10 313.6 0.240 0.105 0.130 0.125 1481 ASB 0.130 0.005 4281.1 0.127 — 1.92 120.8 0.731 0.325 — — 7722 ASIABRN 0.380 — — — — — 88.4 2.815 2.353 2.580 2.580 7129 ASIAFLE 2.580 -0.020 6.9 2.580 9.34 5.81 502.5 4.493 3.919 4.400 4.350 7048 ATLAN 4.400 -0.010 0.8 4.369 18.46 4.55 1,116.1 0.425 0.200 — — 8885 AVI 0.260 — — — — — 223.2 38.680 21.708 36.600 36.280 4162 BAT 36.420 0.120 200.6 36.42 24.00 4.15 10,399.0 2.336 1.766 2.240 2.220 5248 BAUTO 2.230 -0.010 2853 2.230 11.66 4.87 2,593.6 0.070 0.030 0.060 0.055 7243 BIOOSMO 0.060 UNCH 4630.3 0.060 — — 47.7 1.802 1.280 1.450 1.440 5196 BJFOOD 1.450 0.010 56.1 1.449 161.11 2.76 553.7 0.365 0.180 0.285 0.280 4219 BJLAND 0.280 -0.005 1138.6 0.283 — — 1,400.1 2.487 1.918 2.310 2.280 1562 BJTOTO 2.300 0.020 477.4 2.296 12.86 6.96 3,107.4 0.396 0.205 0.260 0.250 9288 BONIA 0.260 0.005 80.4 0.254 14.94 4.81 209.6 0.505 0.160 0.230 0.225 9474 BRAHIMS 0.225 -0.005 94.2 0.226 — — 53.2 1.020 0.495 0.630 0.590 7174 CAB 0.620 0.020 4622.5 0.618 12.97 0.81 400.9 1.279 0.609 — — 7154 CAELY 1.010 — — — 43.72 0.99 82.0 0.365 0.220 — — 7128 CAMRES 0.235 — — — 17.03 — 46.2 2.000 1.403 2.000 1.980 5245 CARING 2.000 0.020 84.2 1.989 20.86 2.50 435.4 22.280 15.324 22.280 21.620 2836 CARLSBG 21.920 0.340 715.4 22.00 25.81 4.14 6,702.0 2.180 1.440 1.590 1.560 2925 CCB 1.580 -0.010 10 1.579 195.06 — 159.2 1.010 0.365 0.590 0.555 7035 CCK 0.560 0.010 14569.4 0.575 10.85 2.68 353.2 1.463 0.925 1.030 1.010 7148 CCMDBIO 1.020 0.010 678.9 1.020 14.70 3.99 675.1 0.495 0.290 0.290 0.290 7209 CHEETAH 0.290 -0.020 1.5 0.290 80.56 1.38 37.0 2.078 1.500 — — 2828 CIHLDG 1.600 — — — 10.15 6.25 259.2 0.120 0.060 0.065 0.065 5104 CNI 0.065 UNCH 119 0.065 216.67 — 46.8 0.135 0.035 0.065 0.055 5188 CNOUHUA 0.060 0.005 3263 0.059 — — 40.1 2.541 1.830 2.060 2.040 7205 COCOLND 2.050 0.020 76.5 2.043 14.95 2.93 469.0 0.085 0.005 0.050 0.045 0301 CRG 0.050 0.005 10.1 0.045 10.64 — 40.3 1.553 1.050 1.130 1.100 7202 CSCENIC 1.130 0.010 11.3 1.110 17.94 6.19 136.2 0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.540 0.415 — — 9423 CWG 0.450 — — — 9.04 3.33 56.8 0.040 0.025 0.030 0.030 7179 DBE 0.030 UNCH 250 0.030 — — 80.3 1.090 0.912 — — 7119 DEGEM 1.050 — — — 13.04 0.95 140.7 4.309 2.140 2.550 2.480 5908 DKSH 2.510 0.020 383.5 2.521 7.96 3.98 395.7 74.652 55.645 63.380 62.480 3026 DLADY 62.700 0.240 3.5 62.66 33.39 1.59 4,012.8 2.681 1.600 1.810 1.700 1619 DRBHCOM 1.740 0.040 5300.2 1.768 — 1.72 3,363.8 0.275 0.095 0.115 0.110 2097 EASTLND 0.110 -0.005 1262.2 0.110 — — 27.0 0.655 0.509 — — 5081 EIG 0.600 — — — 25.10 5.00 142.3 0.100 0.050 0.065 0.065 7182 EKA 0.065 UNCH 135 0.065 — — 20.3 0.240 0.150 — — 9091 EMICO 0.200 — — — — — 20.2 1.415 0.935 — — 7149 ENGKAH 1.080 — — — 9.83 2.78 76.4 0.365 0.125 0.155 0.150 7208 EURO 0.155 -0.005 315.8 0.151 — — 41.4 0.750 0.450 — — 7094 EUROSP 0.450 — — — — — 20.0 39.629 28.929 34.720 33.560 3689 F&N 34.440 0.640 87.9 34.46 31.48 1.67 12,631.9 0.950 0.730 0.730 0.730 2755 FCW 0.730 UNCH 14.4 0.730 187.18 — 182.5 0.570 0.430 0.505 0.505 6939 FIAMMA 0.505 -0.005 15 0.505 7.84 4.46 267.7 0.487 0.280 0.345 0.330 8605 FIHB 0.345 -0.005 105.6 0.335 7.45 2.26 37.6 2.040 1.150 2.030 2.000 9172 FPI 2.010 -0.010 1532.8 2.021 12.73 3.98 497.2 0.950 0.600 — — 7184 G3 0.785 — — — — — 323.8 3.590 1.308 3.450 3.400 5102 GCB 3.450 UNCH 303 3.420 10.37 0.87 1,656.5 0.580 0.400 0.445 0.435 5592 GCE 0.435 -0.015 34 0.438 — 4.60 85.7 5.325 2.760 3.340 3.310 4715 GENM 3.340 0.010 5169.5 3.328 — 3.29 19,833.1 9.013 5.910 7.150 7.080 3182 GENTING 7.100 -0.040 4912.9 7.105 29.83 2.04 27,526.0 0.245 0.100 0.125 0.125 5079 GETS 0.125 UNCH 14.7 0.125 — — 15.8 0.230 0.105 0.120 0.120 0136 GREENYB 0.120 UNCH 87.5 0.120 42.86 2.50 40.0 5.192 2.480 2.920 2.890 7668 HAIO 2.900 UNCH 67.9 2.898 14.64 6.21 870.9 3.888 3.400 3.880 3.800 5008 HARISON 3.800 -0.080 17 3.814 10.54 5.26 260.3 0.370 0.055 0.075 0.065 5187 HBGLOB 0.070 0.005 1518 0.070 2.40 — 32.8 23.548 17.420 21.800 21.300 3255 HEIM 21.700 0.420 535.3 21.59 23.74 4.15 6,555.5 12.115 8.420 9.380 9.340 3301 HLIND 9.350 -0.010 11.6 9.354 9.02 3.96 3,065.9 0.790 0.578 0.640 0.630 5160 HOMERIZ 0.640 0.010 46.6 0.633 9.77 3.91 192.0 1.154 0.940 1.040 1.030 5024 HUPSENG 1.040 UNCH 31.5 1.030 18.64 5.77 832.0 0.420 0.280 — — 8478 HWATAI 0.350 — — — — — 26.2 2.070 1.089 1.240 1.240 5107 IQGROUP 1.240 -0.010 4 1.240 — 8.06 109.2 0.070 0.030 0.035 0.030 7223 JADI 0.030 -0.005 33.3 0.034 — — 28.3 1.229 0.709 0.870 0.850 7152 JAYCORP 0.850 UNCH 10 0.851 10.68 5.88 116.7 0.487 0.330 0.350 0.350 8931 JERASIA 0.350 -0.015 50.2 0.350 3.73 2.86 28.7 1.320 0.823 1.280 1.250 7167 JOHOTIN 1.260 -0.010 1061.2 1.264 16.28 3.17 391.2 0.400 0.280 0.305 0.305 8672 KAMDAR 0.305 0.015 5 0.305 — — 60.4 1.149 0.375 0.440 0.420 5247 KAREX 0.425 -0.005 12344.3 0.430 53.13 1.18 426.0 2.708 1.640 1.740 1.720 7216 KAWAN 1.720 -0.020 8 1.733 26.83 2.27 618.4 0.180 0.080 — — 8303 KFM 0.130 — — — — — 8.9 0.720 0.540 — — 6203 KHEESAN 0.600 — — — 13.36 2.50 62.4 1.960 1.400 — — 7062 KHIND 1.700 — — — 29.31 0.59 68.1 1.868 1.573 — — 0002 KOTRA 1.700 — — — 11.83 2.94 244.3 0.730 0.330 — — 7130 KPOWER 0.390 — — — — — 29.7 0.145 0.080 0.085 0.080 5172 KSTAR 0.085 UNCH 140.1 0.085 — — 32.4 0.160 0.050 0.075 0.075 4847 KTB 0.075 0.005 32 0.075 — — 30.2 0.870 0.450 0.490 0.475 1643 LANDMRK 0.475 -0.015 18 0.484 — — 251.2 4.096 2.953 3.900 3.850 7006 LATITUD 3.880 UNCH 11.2 3.855 38.42 1.55 377.2 0.985 0.325 0.470 0.445 9385 LAYHONG 0.450 UNCH 15690.4 0.457 23.44 1.11 297.1 1.090 0.443 0.955 0.950 8079 LEESK 0.955 UNCH 21.8 0.954 15.43 1.57 160.3 3.265 2.135 2.820 2.750 7089 LIIHEN 2.800 -0.020 48 2.790 10.16 4.46 504.0 0.630 0.366 0.585 0.555 7126 LONBISC 0.570 -0.020 9552.9 0.571 9.81 — 146.2 1.340 0.780 1.330 1.280 7085 LTKM 1.280 -0.050 83.2 1.302 20.68 1.56 166.5 5.340 3.833 4.470 4.420 7087 MAGNI 4.470 0.050 91.7 4.424 7.54 3.13 727.4 2.257 1.658 2.190 2.140 3859 MAGNUM 2.180 0.030 1116.2 2.172 36.45 5.05 3,134.3 0.145 0.115 0.130 0.125 3514 MARCO 0.130 0.005 200 0.127 10.57 3.85 137.1 0.050 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 1.041 0.800 — — 5886 MBG 0.800 — — — 65.57 3.75 48.6 2.688 1.838 2.580 2.550 5983 MBMR 2.570 UNCH 356.7 2.570 — 2.33 1,004.6 0.425 0.185 — — 7234 MESB 0.255 — — — — — 20.9 0.220 0.177 — — 0301 MFGROUP 0.220 — — — 23.91 — 70.4 1.720 0.452 0.585 0.565 3662 MFLOUR 0.565 -0.020 7252.9 0.572 62.78 9.31 520.7 0.860 0.600 — — 7935 MILUX 0.680 — — — — — 37.0 0.245 0.040 0.050 0.050 5166 MINDA 0.050 UNCH 60 0.050 — — 62.0 4.120 2.100 2.380 2.380 5202 MSM 2.380 UNCH 5.5 2.380 28.30 — 1,673.1 0.040 0.005 — — 5150 MSPORTS 0.010 — — — — — 6.1 0.230 0.145 0.190 0.185 3891 MUIIND 0.185 -0.005 682.9 0.186 — — 542.5 2.297 1.620 1.880 1.820 3905 MULPHA 1.860 0.050 71.4 1.858 2.12 — 594.5 1.788 1.252 1.410 1.380 5275 MYNEWS 1.400 UNCH 126.5 1.400 36.08 0.71 955.0 159.79 114.01 149.00 147.70 4707 NESTLE 148.600 -0.300 48.9 148.39 52.12 1.85 34,846.7 3.254 2.500 2.780 2.650 7060 NHFATT 2.650 -0.120 1.9 2.732 13.13 3.88 219.1 0.060 0.035 0.045 0.040 7139 NICE 0.045 0.005 8729.5 0.040 9.18 — 31.6 0.345 0.150 0.340 0.325 7215 NIHSIN 0.330 -0.010 4607.2 0.332 19.88 — 106.1 0.630 0.472 0.510 0.505 5066 NTPM 0.510 0.005 28.4 0.505 26.70 4.71 572.8 0.650 0.300 — — 5533 OCB 0.350 — — — — — 36.0 0.611 0.381 0.460 0.455 0049 OCNCASH 0.455 -0.005 19.7 0.458 13.38 2.00 111.6 1.115 0.635 0.700 0.685 7107 OFI 0.685 -0.010 13 0.690 17.47 3.65 164.4 0.135 0.090 0.105 0.105 3018 OLYMPIA 0.105 -0.005 138 0.105 6.29 — 107.5 6.690 5.742 6.670 6.600 4006 ORIENT 6.640 0.030 78.7 6.647 8.14 3.01 4,119.4 1.235 0.460 0.640 0.595 5260 OWG 0.595 -0.025 560.6 0.612 28.74 — 164.9 6.119 3.150 3.400 3.360 7052 PADINI 3.360 -0.040 1342.1 3.368 13.40 2.98 2,210.6 39.301 30.953 38.100 38.000 3719 PANAMY 38.100 UNCH 6.8 38.07 18.28 3.88 2,314.4 0.422 0.300 0.335 0.320 5022 PAOS 0.335 0.015 9.5 0.330 50.00 2.39 60.7 0.380 0.230 — — 9407 PARAGON 0.280 — — — — — 19.6 0.650 0.225 0.240 0.235 5657 PARKSON 0.240 0.005 997.5 0.236 — — 262.5 0.337 0.185 0.225 0.215 6068 PCCS 0.215 -0.010 140 0.218 5.00 4.65 45.2 0.880 0.290 0.400 0.390 5231 PELIKAN 0.390 -0.020 31 0.394 40.63 — 215.8 0.640 0.350 0.385 0.385 9997 PENSONI 0.385 -0.015 20 0.385 — — 49.9 0.450 0.195 0.385 0.375 7080 PERMAJU 0.385 0.010 8170 0.383 — — 75.4 28.181 22.720 26.700 26.160 5681 PETDAG 26.560 0.320 359.2 26.52 24.40 3.46 26,386.1 0.180 0.140 0.155 0.140 4081 PMCORP 0.145 -0.010 761.8 0.145 53.70 — 112.1 0.210 0.060 0.065 0.065 1287 PMHLDG 0.065 UNCH 10925.4 0.065 — — 60.4 0.613 0.431 0.490 0.490 5080 POHKONG 0.490 UNCH 0.5 0.490 9.50 2.04 201.1 1.590 1.093 1.570 1.550 7088 POHUAT 1.570 0.020 279 1.559 7.31 4.46 366.2 18.900 16.860 18.340 18.000 4065 PPB 18.200 0.040 817.3 18.20 21.06 1.45 25,891.3 0.518 0.330 — — 7190 PPG 0.370 — — — 75.51 1.35 37.0 0.925 0.700 0.750 0.740 7168 PRG 0.750 UNCH 247 0.747 — — 233.9 0.842 0.495 0.580 0.575 8966 PRLEXUS 0.575 -0.020 10 0.580 14.63 2.61 103.7

0.315 0.220 0.250 0.235 0186 PTRANS 0.245 0.005 8515.5 0.242 8.94 3.88 348.6 1.010 0.686 0.795 0.795 7134 PWF 0.795 -0.015 5 0.795 11.59 3.77 138.3 1.653 0.920 1.460 1.410 7237 PWROOT 1.410 UNCH 1297.6 1.441 43.12 4.18 567.2 7.630 4.244 6.900 6.770 7084 QL 6.800 -0.120 3010.8 6.826 52.88 0.66 11,032.6 0.585 0.340 — — 9946 REX 0.410 — — — — — 101.1 0.265 0.180 0.240 0.230 0037 RGB 0.235 UNCH 2724.6 0.235 10.93 2.60 361.7 0.868 0.669 0.780 0.730 5278 RHONEMA 0.780 0.030 8.7 0.739 12.54 4.19 142.4 0.816 0.350 0.410 0.400 0183 SALUTE 0.405 -0.005 260.9 0.407 21.66 5.93 157.1 0.445 0.115 0.345 0.340 9113 SANBUMI 0.340 -0.005 1128.1 0.344 — — 84.7 0.530 0.200 0.230 0.225 5252 SASBADI 0.225 UNCH 1783.1 0.225 46.88 2.98 94.3 0.475 0.280 0.320 0.310 5157 SAUDEE 0.310 -0.005 16.9 0.313 — — 41.0 0.675 0.577 — — 9792 SEG 0.640 — — — 17.83 4.30 809.3 1.570 1.250 1.460 1.440 5250 SEM 1.450 UNCH 208.2 1.450 29.96 1.86 1,788.4 0.700 0.480 0.565 0.560 7180 SERNKOU 0.560 -0.030 10 0.563 14.93 — 134.4 6.336 4.581 5.780 5.550 5517 SHANG 5.780 0.150 81.7 5.772 31.43 2.60 2,543.2 1.180 0.470 — — 7412 SHH 0.525 — — — — 9.52 26.2 0.649 0.315 0.365 0.355 7246 SIGN 0.355 UNCH 347.2 0.357 13.30 4.23 85.3 2.863 2.040 2.240 2.170 4197 SIME 2.210 0.030 7045.3 2.200 26.15 2.71 15,029.9 0.600 0.200 0.280 0.280 8532 SINOTOP 0.280 UNCH 50.5 0.280 28.00 — 110.6 0.418 0.105 0.185 0.175 9776 SMCAP 0.180 -0.005 1935.1 0.181 1.11 — 38.5 0.320 0.225 — — 7943 SNC 0.290 — — — — — 19.1 0.370 0.290 0.305 0.300 5242 SOLID 0.305 -0.010 12.5 0.301 51.69 0.66 119.6 2.460 2.000 2.110 2.100 7103 SPRITZER 2.100 UNCH 32.6 2.101 15.28 2.62 441.0 2.830 1.920 2.690 2.670 9865 SUIWAH 2.690 0.020 8.5 2.679 17.25 0.37 164.1 0.680 0.582 — — 0301 SUPREME 0.680 — — — 17.75 — 81.6 1.051 0.590 0.720 0.680 7186 SWSCAP 0.690 -0.020 107.4 0.704 — — 125.8 0.347 0.197 0.235 0.235 7082 SYF 0.235 0.005 143 0.235 — 5.32 145.5 0.420 0.280 — — 7211 TAFI 0.290 — — — — — 23.2 1.877 1.330 1.450 1.430 4405 TCHONG 1.450 0.040 3.5 1.436 22.38 2.07 974.4 1.300 0.695 0.855 0.855 7439 TECGUAN 0.855 -0.005 1.9 0.855 — — 34.3 0.416 0.220 0.255 0.250 7200 TEKSENG 0.255 0.005 136 0.255 — 7.84 88.8 1.220 0.735 1.220 1.160 7252 TEOSENG 1.210 0.050 1134.7 1.192 14.02 — 363.0 1.104 0.837 1.060 1.050 9369 TGL 1.060 0.010 4.9 1.050 7.21 4.72 43.2 0.709 0.475 0.550 0.520 7230 TOMEI 0.550 -0.010 5.2 0.521 16.18 1.82 76.2 0.420 0.300 0.400 0.385 7176 TPC 0.390 -0.010 55 0.391 — — 91.2 6.897 4.200 5.940 5.780 4588 UMW 5.850 -0.010 1208.2 5.882 13.25 0.85 6,834.5 2.478 2.050 2.110 2.070 7757 UPA 2.110 0.040 1.2 2.103 16.69 3.79 167.9 1.130 0.750 0.900 0.900 7240 VERTICE 0.900 UNCH 5 0.900 — — 168.2 1.674 0.995 1.200 1.170 7203 WANGZNG 1.200 -0.070 37.4 1.194 18.75 3.33 192.0 2.339 1.961 2.110 2.110 5016 WARISAN 2.110 0.010 1 2.110 21.21 1.90 141.8 0.210 0.095 0.125 0.115 5156 XDL 0.120 UNCH 11373.5 0.120 15.38 — 216.6 0.615 0.400 0.455 0.455 7121 XIANLNG 0.455 UNCH 200 0.455 1516.6 — 36.4 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7 2.307 1.800 1.870 1.840 5584 YEELEE 1.870 0.010 27.6 1.849 8.81 2.41 358.3 1.284 0.950 1.080 1.060 5159 YOCB 1.080 0.030 45.3 1.066 6.49 3.70 172.8 3.390 2.267 2.750 2.740 7178 YSPSAH 2.750 UNCH 8 2.743 13.20 2.55 380.4 1.610 1.165 1.330 1.330 5131 ZHULIAN 1.330 -0.030 8.2 1.330 11.69 6.02 611.8INDUSTRIAL PRODUCTS & SERVICES 0.135 0.070 0.075 0.075 7086 ABLEGRP 0.075 -0.005 253.3 0.075 — — 19.8 0.625 0.350 — — 7191 ADVENTA 0.355 — — — 34.47 — 54.2 2.068 1.744 2.000 1.980 9148 ADVPKG 2.000 UNCH 5 1.992 30.12 4.50 41.0 0.185 0.110 0.120 0.120 7146 AEM 0.120 0.005 25 0.120 — — 35.9 0.740 0.370 — — 5198 AFUJIYA 0.510 — — — 16.24 — 91.8 0.395 0.200 — — 2682 AISB 0.260 — — — 31.33 — 37.5 0.640 0.491 0.555 0.555 7609 AJIYA 0.555 -0.015 10 0.555 6.77 1.80 169.0 0.905 0.420 0.515 0.500 2674 ALCOM 0.515 0.015 8 0.508 22.59 — 69.2 1.414 1.006 — — 7083 ANALABS 1.240 — — — 14.17 1.61 148.9 0.682 0.366 0.475 0.465 4758 ANCOM 0.465 -0.010 92.1 0.470 4.58 — 112.0 3.556 1.150 1.470 1.420 6556 ANNJOO 1.420 -0.020 464 1.437 4.30 13.38 795.1 0.085 0.035 0.045 0.045 9342 ANZO 0.045 UNCH 30 0.045 — — 39.6 0.917 0.750 0.760 0.755 5568 APB 0.755 0.005 5 0.756 — 3.97 85.2 3.695 2.680 3.000 2.780 5015 APM 2.880 0.130 4.1 2.834 16.47 4.69 580.6 0.630 0.469 0.530 0.520 7214 ARANK 0.520 UNCH 6 0.520 6.55 4.46 88.1 1.099 0.590 0.680 0.680 7162 ASTINO 0.680 -0.005 80 0.680 8.23 1.47 186.4 1.880 1.340 1.780 1.760 8176 ATAIMS 1.760 UNCH 256.8 1.763 20.85 — 2,018.8 1.025 0.545 — — 7099 ATTA 0.595 — — — 2.29 13.45 126.9 0.600 0.074 0.300 0.280 7181 ATURMJU 0.280 -0.005 720.7 0.285 — — 19.8 0.924 0.596 0.705 0.685 7579 AWC 0.685 -0.005 1031.7 0.688 8.15 0.73 197.1 0.425 0.313 0.345 0.340 5021 AYS 0.340 UNCH 53.6 0.340 5.29 7.35 129.3 1.930 1.182 1.310 1.310 8133 BHIC 1.310 UNCH 1.3 1.310 — 2.67 325.5 0.400 0.260 0.340 0.330 7005 BIG 0.335 -0.010 56 0.335 — — 16.1 0.195 0.115 0.140 0.135 6998 BINTAI 0.135 -0.005 579.6 0.137 10.38 — 39.1 0.395 0.260 0.285 0.280 3395 BJCORP 0.280 UNCH 5240 0.281 — — 1,378.6 0.778 0.500 0.590 0.570 0168 BOILERM 0.570 -0.010 65 0.581 13.64 3.07 294.1 0.090 0.040 0.045 0.045 7036 BORNOIL 0.045 UNCH 2722.4 0.045 — — 240.3 1.280 0.865 1.280 1.230 6297 BOXPAK 1.250 -0.030 12.1 1.272 — — 150.1 1.149 0.818 1.080 1.060 5100 BPPLAS 1.070 -0.010 86.8 1.073 11.15 3.74 200.8 0.285 0.140 0.190 0.185 9938 BRIGHT 0.190 0.005 10.6 0.185 — — 39.0 0.680 0.260 0.420 0.400 7221 BSLCORP 0.420 0.010 196.6 0.414 84.00 — 41.2 2.800 1.340 1.480 1.470 2771 BSTEAD 1.470 -0.010 226.2 1.475 41.41 5.10 2,979.7 0.300 0.070 0.125 0.115 7188 BTM 0.125 UNCH 10.5 0.116 — — 17.7 2.880 1.830 2.720 2.670 5105 CANONE 2.680 UNCH 298 2.698 10.06 1.49 515.0 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6 1.722 0.960 1.120 1.080 7076 CBIP 1.090 0.010 297.3 1.096 12.41 4.59 586.7 2.355 1.515 1.880 1.880 2879 CCM 1.880 -0.020 15.1 1.880 31.86 3.72 315.3 0.869 0.630 — — 8435 CEPCO 0.630 — — — — — 47.0 1.360 0.900 — — 8044 CFM 1.230 — — — — — 50.4 0.490 0.330 — — 7187 CHGP 0.350 — — — 17.68 — 104.0 1.120 0.630 0.730 0.720 5273 CHINHIN 0.730 0.010 75.8 0.728 17.38 4.79 406.2 2.000 1.446 1.730 1.720 5007 CHINWEL 1.720 -0.010 35 1.729 8.50 4.65 515.2 2.183 1.410 1.660 1.650 5797 CHOOBEE 1.660 -0.030 46.2 1.657 4.97 3.01 218.6 0.493 0.230 0.345 0.345 7016 CHUAN 0.345 0.040 4 0.345 — 3.19 58.2 0.880 0.430 0.500 0.500 8052 CICB 0.500 0.060 12.3 0.500 28.41 1.94 45.0 0.060 0.035 — — 7018 CME 0.040 — — — — — 23.4 4.334 1.740 3.040 2.970 2852 CMSB 3.000 -0.020 1412.6 3.001 11.82 2.67 3,223.1 0.900 0.400 0.435 0.435 7986 CNASIA 0.435 UNCH 4 0.435 12.29 — 19.7 1.350 0.735 1.030 1.000 5071 COASTAL 1.000 -0.010 230.2 1.005 — 2.00 531.6 0.327 0.080 0.140 0.130 7195 COMCORP 0.140 0.005 99.9 0.131 — — 19.6 1.149 0.684 0.880 0.850 2127 COMFORT 0.860 -0.015 244.6 0.870 20.67 1.16 483.3 0.035 0.020 0.025 0.020 5037 COMPUGT 0.025 UNCH 10725 0.025 — — 58.7 1.550 0.975 1.190 1.150 5094 CSCSTEL 1.180 0.010 107.6 1.172 11.23 8.47 448.4 0.667 0.470 0.560 0.560 7157 CYL 0.560 UNCH 1.3 0.560 — 7.14 56.0 0.410 0.295 — — 5082 CYMAO 0.360 — — — — — 27.0 1.780 1.333 1.670 1.640 5184 CYPARK 1.670 0.020 220 1.658 9.45 2.23 764.9 2.373 1.560 1.600 1.600 8125 DAIBOCI 1.600 -0.010 30.6 1.600 21.19 2.59 524.6 0.585 0.320 0.525 0.500 5276 DANCO 0.510 -0.015 999.8 0.512 11.59 2.94 152.0 0.645 0.120 0.245 0.235 7212 DESTINI 0.240 -0.005 4110.6 0.238 53.33 — 277.3 0.755 0.270 0.585 0.560 7114 DNONCE 0.560 -0.020 368.5 0.570 30.27 — 136.3 0.295 0.100 — — 5835 DOLMITE 0.110 — — — — — 31.3 0.160 0.070 0.130 0.125 5265 DOLPHIN 0.130 UNCH 790.3 0.130 — — 31.7 1.369 1.156 1.260 1.250 7169 DOMINAN 1.260 UNCH 4.3 1.257 6.51 5.56 208.2 2.713 0.598 1.750 1.720 7233 DUFU 1.730 -0.010 1514 1.734 9.81 2.70 455.3 2.920 1.818 2.920 2.850 1368 EDGENTA 2.910 0.060 684 2.875 18.13 3.78 2,420.0 0.320 0.170 0.175 0.175 0064 EFFICEN 0.175 UNCH 312.8 0.175 — — 124.1 0.640 0.430 0.480 0.465 8907 EG 0.470 0.010 1229.1 0.470 7.57 — 127.2 1.687 1.095 1.480 1.450 5208 EITA 1.450 -0.030 63 1.452 9.38 3.45 188.5 0.990 0.634 0.815 0.790 9016 EKSONS 0.800 0.010 65 0.802 — 6.25 131.4 0.780 0.370 0.450 0.440 7217 EMETALL 0.450 UNCH 92.8 0.441 10.79 5.56 84.7 1.230 0.805 0.860 0.845 5056 ENGTEX 0.850 0.005 49.5 0.848 12.01 1.76 376.8 0.510 0.365 — — 7773 EPMB 0.400 — — — — — 66.4 0.625 0.335 0.395 0.390 5101 EVERGRN 0.390 -0.005 203.1 0.393 8.88 3.54 330.1 1.640 1.050 1.300 1.260 2984 FACBIND 1.260 0.010 26.6 1.272 62.69 3.17 107.3 2.550 2.200 2.530 2.500 7229 FAVCO 2.510 -0.010 14.3 2.509 10.38 5.38 555.7 0.609 0.403 0.460 0.450 0149 FIBON 0.450 -0.010 82.1 0.456 21.33 1.67 44.1 1.960 1.703 1.890 1.880 3107 FIMACOR 1.880 UNCH 94.8 1.881 8.95 6.65 461.1 0.495 0.365 0.480 0.470 9318 FITTERS 0.475 -0.005 2063.4 0.475 23.17 — 228.2 1.870 0.914 1.870 1.830 5197 FLBHD 1.830 -0.030 298.2 1.838 8.52 — 193.1 0.455 0.177 0.310 0.295 5277 FPGROUP 0.305 -0.005 3434.4 0.303 20.75 3.28 158.2 1.650 0.605 0.745 0.740 7197 GESHEN 0.745 0.005 3.3 0.742 11.94 — 59.6 0.545 0.420 0.500 0.485 5220 GLOTEC 0.495 0.005 857 0.494 — — 133.2 0.330 0.170 0.235 0.225 7192 GOODWAY 0.230 UNCH 616.4 0.233 9.75 — 25.4 0.110 0.080 — — 7096 GPA 0.085 — — — 425.00 — 83.3 0.325 0.170 — — 5649 GPHAROS 0.210 — — — 5.44 — 28.5 0.745 0.420 0.485 0.485 3247 GUH 0.485 UNCH 3.1 0.485 — — 134.8 1.120 0.670 — — 5151 HALEX 0.900 — — — — — 95.4 10.000 8.703 9.930 9.810 3034 HAPSENG 9.880 UNCH 505.2 9.862 21.70 3.54 24,598.1 7.383 4.920 5.510 5.430 5168 HARTA 5.430 -0.020 4326.9 5.470 37.50 1.58 18,098.3 15.646 4.510 5.320 5.180 4324 HENGYUAN 5.210 0.010 507.2 5.234 6.65 0.38 1,563.0 0.995 0.525 0.655 0.645 5095 HEVEA 0.650 -0.005 368.4 0.650 13.98 9.23 364.4 0.806 0.609 0.700 0.700 3298 HEXZA 0.700 -0.015 30 0.700 18.37 7.14 140.3 0.518 0.215 0.305 0.300 5072 HIAPTEK 0.300 -0.005 1464.7 0.302 17.75 1.67 403.3 1.360 0.705 1.090 1.050 5199 HIBISCS 1.070 0.010 45551 1.070 5.79 — 1,699.4 1.680 1.110 1.300 1.300 7033 HIGHTEC 1.300 0.020 1.9 1.300 13.33 2.69 52.8 0.815 0.465 0.495 0.485 8443 HIL 0.485 0.005 4 0.488 11.66 3.61 162.0 0.620 0.335 — — 5165 HOKHENG 0.495 — — — 117.86 — 39.6 1.910 0.445 1.030 1.000 0185 HSSEB 1.010 0.010 423.3 1.016 17.94 0.76 500.8 0.620 0.130 0.215 0.205 2739 HUAAN 0.205 -0.010 9623.6 0.207 5.68 — 230.1 2.010 0.465 0.545 0.540 5000 HUMEIND 0.545 UNCH 176 0.542 — 3.67 261.1 0.130 0.090 0.110 0.105 9601 HWGB 0.105 -0.005 278.3 0.110 — — 34.1 2.308 1.709 2.220 2.120 7222 IMASPRO 2.220 -0.010 1146.8 2.218 160.87 1.58 177.6 0.905 0.430 — — 5673 IPMUDA 0.520 — — — — — 37.7 0.290 0.100 0.125 0.125 7183 IRETEX 0.125 UNCH 80 0.125 — — 18.2 0.150 0.110 — — 8648 JASKITA 0.110 — — — — — 49.5 1.746 1.340 1.520 1.510 0058 JCBNEXT 1.510 -0.010 10 1.512 22.71 2.98 208.1 0.255 0.165 0.190 0.185 9083 JETSON 0.190 UNCH 172 0.189 — — 40.2 1.080 0.950 — — 7043 JMR 0.995 — — — — — 126.2 0.235 0.125 0.150 0.145 0054 KARYON 0.150 UNCH 782.2 0.148 7.54 2.00 71.4 0.588 0.446 — — 7199 KEINHIN 0.530 — — — 32.92 1.89 57.7 1.667 1.364 1.610 1.590 6491 KFIMA 1.590 -0.010 34.3 1.599 7.64 5.66 448.7 1.280 0.584 1.280 1.240 0151 KGB 1.260 0.010 1890.9 1.255 17.33 0.79 352.8 0.400 0.200 0.230 0.230 6211 KIALIM 0.230 -0.005 19.8 0.230 — — 14.2 3.020 2.000 3.020 3.010 3522 KIANJOO 3.020 0.020 1437.5 3.014 20.32 1.32 1,341.4 1.557 1.090 1.240 1.210 5371 KIMHIN 1.240 -0.010 5.2 1.235 — 4.03 193.0 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2 1.070 0.780 1.070 1.030 9466 KKB 1.040 -0.030 213.5 1.043 17.48 1.92 268.1 0.245 0.070 0.115 0.110 7164 KNM 0.115 0.005 33563 0.111 — — 272.5 0.890 0.420 — — 5035 KNUSFOR 0.420 — — — — — 41.9 1.700 0.830 1.450 1.450 6971 KOBAY 1.450 0.010 5 1.450 9.77 — 148.0 0.245 0.120 0.215 0.200 7017 KOMARK 0.200 -0.005 6395.9 0.206 — — 32.9 4.683 3.140 3.800 3.780 7153 KOSSAN 3.800 UNCH 288.8 3.788 26.08 1.58 4,860.0 0.880 0.470 0.510 0.510 9121 KPSCB 0.510 UNCH 20 0.510 5.44 — 75.4 4.780 3.665 4.700 4.650 3476 KSENG 4.700 0.050 48 4.688 45.24 2.13 1,698.9 0.724 0.285 0.315 0.315 5192 KSSC 0.315 0.005 10 0.315 7.82 6.35 30.2

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

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

2 6 MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY

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

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

0.530 0.225 0.470 0.430 6874 KUB 0.430 -0.020 15521.7 0.451 12.72 3.49 239.3 0.520 0.250 0.340 0.340 8362 KYM 0.340 0.005 0.1 0.340 — — 51.0 5.390 1.800 1.850 1.820 3794 LAFMSIA 1.830 0.010 425 1.825 — — 1,554.9 0.673 0.440 0.500 0.500 9326 LBALUM 0.500 UNCH 55 0.500 19.69 2.00 124.2 6.192 4.110 4.640 4.510 5284 LCTITAN 4.590 0.090 5123.3 4.583 13.27 5.01 10,592.8 0.957 0.400 — — 5232 LEONFB 0.500 — — — 3.02 3.00 155.0 0.305 0.100 0.145 0.145 8745 LEWEKO 0.145 -0.005 44.2 0.145 — — 46.7 0.225 0.085 — — 7170 LFECORP 0.095 — — — — — 17.7 0.775 0.405 0.430 0.430 8486 LIONFIB 0.430 0.005 10 0.430 10.34 — 99.6 1.390 0.450 0.590 0.560 4235 LIONIND 0.560 -0.010 6624.4 0.575 2.33 — 402.0 0.560 0.250 0.275 0.270 9881 LSTEEL 0.275 UNCH 50.1 0.275 4.09 — 35.2 0.115 0.075 0.085 0.080 5068 LUSTER 0.080 -0.005 440 0.081 19.05 — 158.1 0.745 0.500 0.565 0.535 5143 LUXCHEM 0.540 -0.025 457.6 0.547 11.92 4.63 466.3 4.062 2.250 2.730 2.720 9199 LYSAGHT 2.730 0.030 4 2.723 11.48 2.56 113.5 1.381 0.340 0.520 0.500 5098 MASTEEL 0.510 UNCH 2450.6 0.508 5.26 1.76 217.9 0.730 0.531 0.630 0.620 7029 MASTER 0.625 0.010 158 0.628 6.68 3.20 34.1 1.266 0.905 1.060 1.060 5152 MBL 1.060 -0.020 57.4 1.060 9.69 0.94 109.2 0.830 0.435 — — 7004 MCEHLDG 0.580 — — — — — 25.8 0.280 0.090 0.125 0.115 3778 MELEWAR 0.125 0.010 873.7 0.116 — — 44.9 0.715 0.440 — — 5223 MENTIGA 0.455 — — — 7.25 — 31.9 1.750 1.540 — — 6149 METROD 1.600 — — — 18.78 3.75 192.0 0.681 0.240 0.295 0.290 5001 MIECO 0.290 -0.005 130 0.290 — 3.45 152.3 0.125 0.045 0.050 0.050 7219 MINETEC 0.050 UNCH 118 0.050 — — 46.1 0.424 0.244 0.295 0.285 5576 MINHO 0.285 -0.005 219.4 0.286 8.05 1.68 97.1 0.917 0.667 0.795 0.780 5916 MSC 0.790 0.010 120.1 0.790 57.25 1.27 316.0 0.115 0.060 0.095 0.095 0043 MTRONIC 0.095 -0.005 1.2 0.095 — — 30.5 2.884 1.115 2.080 2.060 3883 MUDA 2.070 UNCH 356.1 2.069 7.16 1.69 631.5 0.555 0.225 0.270 0.265 5087 MYCRON 0.265 -0.005 26.6 0.268 6.40 — 86.7 0.640 0.330 0.520 0.490 7241 NGGB 0.500 -0.015 3765.7 0.505 138.89 — 229.2 0.355 0.065 0.070 0.070 5025 NWP 0.070 UNCH 510 0.070 — — 27.5 0.816 0.563 0.685 0.670 4944 NYLEX 0.670 -0.005 42.3 0.672 9.19 2.99 130.2 0.984 0.555 0.625 0.610 7140 OKA 0.615 -0.005 129 0.612 7.78 5.97 150.9 1.738 0.880 1.010 1.010 5065 ORNA 1.010 0.010 29.8 1.010 6.55 4.95 76.0 0.100 0.045 0.055 0.055 7225 PA 0.055 UNCH 1535 0.055 — — 102.9 1.219 0.700 0.860 0.840 8419 PANSAR 0.850 UNCH 1032.8 0.851 32.20 1.76 261.8 0.636 0.410 0.485 0.475 5125 PANTECH 0.480 -0.005 454 0.482 7.50 4.17 359.0 10.200 7.719 8.560 8.470 5183 PCHEM 8.510 0.040 6670 8.496 14.53 3.41 68,080.0 1.344 0.669 0.925 0.915 5271 PECCA 0.915 UNCH 245.1 0.917 15.48 5.46 172.0 5.292 3.280 4.840 4.830 5436 PERSTIM 4.840 0.010 3.5 4.836 10.38 6.20 480.6 1.950 0.950 1.260 1.240 5219 PESTECH 1.250 UNCH 59.6 1.249 16.82 — 955.4 20.000 16.580 18.260 17.960 6033 PETGAS 18.120 0.020 1199.4 18.09 18.12 3.81 35,854.6 11.844 6.010 7.330 7.160 3042 PETRONM 7.170 -0.010 194.9 7.251 5.54 3.49 1,935.9 1.500 1.000 1.050 1.000 3611 PGLOBE 1.050 0.020 8.5 1.019 — — 196.0 0.218 0.090 0.125 0.120 7201 PICORP 0.120 UNCH 217.8 0.121 52.17 1.25 79.0 1.770 1.186 1.650 1.620 7095 PIE 1.630 -0.030 458.3 1.630 13.56 1.47 626.0 0.245 0.100 0.150 0.150 7163 PJBUMI 0.150 0.020 1 0.150 — — 12.3 4.280 3.090 3.200 3.200 7172 PMBTECH 3.200 0.010 60.1 3.200 50.24 0.78 517.2 5.705 3.753 4.130 4.080 8869 PMETAL 4.100 0.010 1450.9 4.098 25.71 1.59 16,243.0 0.570 0.460 0.520 0.515 6637 PNEPCB 0.520 -0.030 14.5 0.518 179.31 — 68.4 0.590 0.260 — — 8117 POLY 0.445 — — — 12.46 — 71.2 0.770 0.390 0.555 0.540 8273 PPHB 0.545 -0.005 532.5 0.548 5.74 — 102.8 1.055 0.492 0.585 0.570 9873 PRESTAR 0.570 -0.025 49.1 0.579 5.53 7.02 116.8 0.101 0.035 0.050 0.045 7123 PWORTH 0.045 -0.005 69027.9 0.045 0.08 — 184.3 0.960 0.705 — — 7544 QUALITY 0.815 — — — — — 47.2 0.580 0.200 — — 7498 RALCO 0.200 — — — — — 9.2 0.520 0.210 0.350 0.330 5256 REACH 0.330 -0.005 7563.2 0.339 — — 361.8 0.338 0.241 — — 7232 RESINTC 0.300 — — — 26.32 8.33 41.2 0.250 0.160 0.215 0.205 9954 RGTBHD 0.210 0.005 6558.1 0.207 — — 121.2 1.495 0.560 0.625 0.610 9741 ROHAS 0.620 -0.005 140.1 0.615 12.06 3.23 293.0 0.687 0.435 0.465 0.460 7803 RUBEREX 0.460 -0.005 92 0.465 8.26 3.80 116.0 4.118 3.580 — — 5134 SAB 3.680 — — — 14.59 1.36 503.9 8.480 5.708 7.500 7.430 9822 SAM 7.450 -0.090 40.5 7.451 13.53 1.88 1,007.0 1.201 0.640 0.705 0.680 5147 SAMCHEM 0.680 -0.010 646.7 0.695 8.48 5.88 185.0 0.869 0.680 — — 7811 SAPIND 0.700 — — — 7.50 5.71 50.9 0.700 0.205 0.270 0.260 5170 SCABLE 0.260 -0.005 246.5 0.263 — — 82.4 2.334 1.000 1.240 1.230 7247 SCGM 1.230 -0.010 4.6 1.239 28.74 3.25 238.1 0.810 0.300 0.530 0.490 9237 SCIB 0.490 UNCH 42.2 0.503 — — 42.1 2.074 0.900 1.230 1.200 0099 SCICOM 1.210 -0.010 99.5 1.212 16.26 7.44 430.1 9.377 6.350 8.840 8.800 4731 SCIENTX 8.830 0.010 382.2 8.820 15.88 2.27 4,319.9 0.350 0.140 — — 7239 SCNWOLF 0.140 — — — — — 13.5 0.805 0.155 0.365 0.325 7073 SEACERA 0.330 -0.020 62306.4 0.345 — — 139.0 0.190 0.090 0.145 0.130 5145 SEALINK 0.135 0.010 4713.1 0.140 — — 67.5 0.520 0.180 0.260 0.260 5163 SEB 0.260 0.005 43 0.260 — — 20.8 0.910 0.655 — — 7165 SGB 0.725 — — — — — 144.0 1.067 0.750 — — 5181 SIGGAS 0.880 — — — 40.37 0.91 165.0 0.665 0.410 — — 7115 SKBSHUT 0.500 — — — 44.25 — 20.0 1.859 0.945 1.350 1.310 7155 SKPRES 1.330 0.020 1759.8 1.327 14.66 3.81 1,662.8 1.449 0.778 1.320 1.290 7248 SLP 1.320 -0.010 46.3 1.303 19.64 3.41 418.4 0.540 0.370 — — 7132 SMISCOR 0.530 — — — — — 23.7 2.329 0.720 0.885 0.870 5665 SSTEEL 0.880 0.005 76.7 0.878 2.39 3.98 381.6 0.230 0.095 0.120 0.110 7143 STONE 0.120 -0.005 234.2 0.110 — — 10.8 1.140 0.400 — — 6904 SUBUR 0.530 — — — — — 110.8 1.062 0.520 0.590 0.560 7207 SUCCESS 0.560 -0.030 392.3 0.566 25.34 1.79 139.2 1.650 1.350 1.630 1.590 5211 SUNWAY 1.600 UNCH 1219.5 1.603 11.97 4.06 7,879.1 1.812 0.978 1.310 1.290 7235 SUPERLN 1.300 UNCH 115.8 1.301 16.97 1.46 208.0 2.285 1.430 1.640 1.610 7106 SUPERMX 1.620 0.010 4565.3 1.627 18.20 2.24 2,203.7 0.395 0.180 0.300 0.270 5149 TAS 0.290 0.025 1336.4 0.287 21.64 — 52.2 8.971 4.050 4.700 4.660 4448 TASEK 4.700 UNCH 17.7 4.672 — 8.51 581.0 0.380 0.065 0.105 0.095 5178 TATGIAP 0.095 -0.005 74590.9 0.100 — — 35.5 1.030 0.415 0.475 0.470 7097 TAWIN 0.475 UNCH 28.2 0.473 — — 37.8 1.020 0.805 0.945 0.880 5289 TECHBND 0.885 -0.050 8095.8 0.910 — — 203.6 0.960 0.635 0.640 0.635 8702 TEXCHEM 0.640 UNCH 74.7 0.640 — 15.63 79.4 3.836 2.070 2.340 2.310 7034 TGUAN 2.340 UNCH 44 2.320 11.61 3.42 319.3 1.600 1.040 — — 7374 TIENWAH 1.140 — — — — 5.26 165.0 0.660 0.410 — — 7854 TIMWELL 0.660 — — — 14.70 1.52 58.8 0.985 0.525 0.640 0.620 7285 TOMYPAK 0.620 -0.020 541.4 0.629 106.90 3.39 260.3 4.190 2.476 4.100 4.000 5010 TONGHER 4.100 0.040 83.4 4.063 9.52 6.34 645.5 6.297 4.610 4.940 4.900 7113 TOPGLOV 4.930 0.020 4548 4.927 28.81 1.72 12,623.7 1.115 0.503 0.640 0.630 7173 TOYOINK 0.630 -0.020 66 0.634 19.87 1.59 67.4 0.780 0.620 0.725 0.700 5167 TURBO 0.725 0.015 149 0.711 16.67 1.38 78.3 3.070 1.953 2.780 2.740 7100 UCHITEC 2.780 0.040 561.8 2.765 18.40 5.40 1,253.2 1.963 0.480 0.590 0.580 7133 ULICORP 0.585 -0.005 46 0.585 30.47 5.69 127.4 2.750 2.000 2.550 2.460 7137 UMS 2.550 0.050 16 2.464 17.77 2.35 103.8 1.096 0.810 — — 7227 UMSNGB 1.040 — — — 10.68 2.88 83.2 1.078 0.871 1.030 0.985 7091 UNIMECH 1.020 UNCH 9.1 1.025 8.35 2.21 161.9 0.750 0.355 0.405 0.385 4995 VERSATL 0.385 UNCH 107.6 0.395 — — 49.7 2.358 0.623 0.955 0.925 6963 VS 0.935 -0.010 35535.2 0.941 10.73 4.17 1,697.5 1.710 0.595 0.855 0.840 5142 WASEONG 0.845 -0.010 250 0.847 4.64 — 654.8 0.850 0.240 0.850 0.785 7226 WATTA 0.850 0.005 203.3 0.846 17.21 — 71.8 1.544 1.122 1.250 1.250 7231 WELLCAL 1.250 UNCH 1 1.250 19.62 4.36 622.4 0.655 0.460 — — 7692 WIDETEC 0.530 — — — 12.30 — 23.7 0.962 0.559 0.635 0.635 7050 WONG 0.635 0.075 0.1 0.635 8.38 — 72.8 0.680 0.500 — — 7025 WOODLAN 0.630 — — — — — 25.2 1.929 1.390 — — 5009 WTHORSE 1.400 — — — — 5.00 336.0 0.756 0.415 0.510 0.505 4243 WTK 0.510 UNCH 327.1 0.510 2.25 1.96 245.5 0.634 0.160 0.320 0.310 7245 WZSATU 0.320 -0.010 677 0.317 — 4.69 148.9 0.035 0.005 — — 7122 YFG 0.005 — — — — — 3.0 0.760 0.545 — — 5048 YILAI 0.620 — — — — — 99.2 0.455 0.090 0.140 0.135 7020 YKGI 0.140 UNCH 470.6 0.140 — — 49.1 0.445 0.200 — — 7014 YLI 0.260 — — — — — 26.8CONSTRUCTION 0.772 0.241 0.320 0.315 5281 ADVCON 0.320 UNCH 285 0.317 15.09 3.13 128.7 0.775 0.274 0.405 0.385 7078 AZRB 0.390 UNCH 8827.8 0.396 15.73 2.28 233.2 0.405 0.155 0.195 0.190 5190 BENALEC 0.190 -0.005 623.9 0.192 — 2.11 163.7 0.385 0.165 0.205 0.195 5932 BPURI 0.205 UNCH 8955.4 0.200 14.64 — 78.3 0.938 0.725 — — 8761 BREM 0.755 — — — 10.05 2.65 260.8 1.100 0.790 0.950 0.930 8591 CRESBLD 0.950 0.010 333.5 0.939 2.64 4.21 168.1 1.840 1.535 — — 7528 DKLS 1.800 — — — 23.78 1.67 166.9 1.232 0.360 0.485 0.460 5253 ECONBHD 0.460 -0.020 7355.3 0.474 7.60 3.48 615.3 1.026 0.411 0.560 0.545 8877 EKOVEST 0.545 -0.010 4127.9 0.550 9.86 1.83 1,165.9 0.794 0.300 0.400 0.385 7047 FAJAR 0.385 0.005 4404.6 0.395 8.35 3.90 143.9 1.050 0.475 0.590 0.575 9261 GADANG 0.585 0.005 1204.4 0.581 4.61 5.13 387.1 5.008 1.948 2.800 2.740 5398 GAMUDA 2.790 0.030 2841.1 2.782 14.21 4.30 6,885.9 1.852 0.595 1.040 1.020 5226 GBGAQRS 1.020 -0.020 2208.3 1.026 6.80 4.17 504.5 4.257 0.741 1.120 1.090 3204 GKENT 1.090 -0.010 2944.5 1.097 5.16 3.21 614.0 0.560 0.280 0.350 0.340 5169 HOHUP 0.340 -0.005 19.1 0.345 4.20 — 127.5 1.615 1.272 1.530 1.520 6238 HSL 1.520 UNCH 30 1.522 14.69 1.58 885.7 2.895 1.373 1.850 1.810 3336 IJM 1.820 -0.010 1561.5 1.824 33.52 2.75 6,617.0 0.540 0.090 0.175 0.155 5268 IKHMAS 0.165 0.005 19012.8 0.169 — — 90.0 0.690 0.444 0.530 0.530 8834 IREKA 0.530 -0.030 1.7 0.530 58.89 3.77 99.0 1.840 0.405 0.570 0.550 4723 JAKS 0.550 -0.005 10924.5 0.563 2.08 — 321.6 1.785 0.990 1.280 1.260 7161 KERJAYA 1.270 -0.010 224.7 1.269 13.35 1.57 1,577.3 2.104 1.000 1.190 1.160 5171 KIMLUN 1.160 -0.030 119 1.171 6.00 4.74 385.0 1.220 0.750 — — 9628 LEBTECH 0.855 — — — — — 116.7 0.769 0.435 — — 5129 MELATI 0.495 — — — 24.75 2.02 59.4 1.771 0.880 0.880 0.880 8192 MERCURY 0.880 UNCH 10 0.880 23.66 4.55 35.4 0.905 0.240 0.860 0.860 5006 MERGE 0.860 UNCH 2.3 0.860 — — 57.6 1.740 0.665 0.690 0.675 7595 MGB 0.685 UNCH 52 0.683 9.62 — 340.4 0.794 0.225 0.325 0.315 9571 MITRA 0.320 UNCH 803.2 0.320 4.64 6.25 286.8 0.280 0.115 0.160 0.145 5924 MTDACPI 0.150 UNCH 174.8 0.151 6.15 — 34.7 0.900 0.265 0.320 0.315 5085 MUDAJYA 0.315 -0.005 277.7 0.317 — — 190.7 3.200 2.452 2.950 2.920 5703 MUHIBAH 2.920 UNCH 399.1 2.929 9.79 2.40 1,411.9 0.525 0.246 0.270 0.250 7071 OCR 0.270 0.015 2820.1 0.259 49.09 — 86.9 0.845 0.730 0.820 0.810 5622 PEB 0.820 0.010 61.9 0.816 2.82 — 56.7 0.400 0.170 0.225 0.215 8311 PESONA 0.220 -0.005 440.6 0.219 11.52 4.55 152.9 0.862 0.190 0.265 0.255 5070 PRTASCO 0.255 -0.010 2049.6 0.257 46.36 19.88 126.3 0.180 0.095 0.135 0.125 7145 PSIPTEK 0.135 UNCH 777.7 0.130 18.75 — 47.1 3.463 2.167 — — 9598 PTARAS 2.300 — — — 26.23 8.70 381.5 0.689 0.315 0.405 0.390 6807 PUNCAK 0.395 0.010 1417.2 0.399 — 1.27 177.5 1.090 0.455 0.590 0.570 5205 SENDAI 0.575 -0.015 4862.9 0.579 5.62 — 449.1 2.391 1.300 1.580 1.560 5263 SUNCON 1.570 0.020 2118.6 1.571 14.50 4.78 2,029.9 0.295 0.210 0.225 0.225 9717 SYCAL 0.225 -0.010 150 0.225 52.33 — 93.7 0.705 0.405 0.585 0.565 5054 TRC 0.570 UNCH 7972 0.576 13.90 4.91 273.9 0.580 0.295 — — 5042 TSRCAP 0.400 — — — 35.71 — 69.8 0.280 0.180 — — 0301 UNIWALL 0.280 — — — 24.56 — 102.4 1.030 0.770 0.995 0.950 7070 VIZIONE 0.980 0.005 1350.9 0.967 8.88 — 548.1 1.210 0.465 0.565 0.560 3565 WCEHB 0.560 -0.005 22 0.560 65.12 — 561.5 1.593 0.660 0.845 0.830 9679 WCT 0.840 0.005 2630.4 0.837 7.06 3.57 1,189.8 0.710 0.150 0.260 0.250 7028 ZECON 0.255 0.005 182 0.253 14.09 — 33.4 0.130 0.025 0.065 0.060 2283 ZELAN 0.065 UNCH 337.5 0.060 — — 54.9HEALTH CARE 0.625 0.350 — — 7191 ADVENTA 0.355 — — — 34.47 — 54.2 8.870 4.799 8.650 8.470 7090 AHEALTH 8.480 UNCH 409.8 8.484 18.21 1.53 997.5 1.463 0.925 1.030 1.010 7148 CCMDBIO 1.020 0.010 678.9 1.020 14.70 3.99 675.1

7.383 4.920 5.510 5.430 5168 HARTA 5.430 -0.020 4326.9 5.470 37.50 1.58 18,098.3 6.388 4.540 5.730 5.550 5225 IHH 5.610 -0.160 3457.9 5.596 346.30 0.53 49,195.8 4.683 3.140 3.800 3.780 7153 KOSSAN 3.800 UNCH 288.8 3.788 26.08 1.58 4,860.0 1.868 1.573 — — 0002 KOTRA 1.700 — — — 11.83 2.94 244.3 1.170 0.840 1.080 1.060 5878 KPJ 1.060 UNCH 9278.5 1.066 24.26 1.89 4,687.8 4.120 2.645 2.750 2.740 7081 PHARMA 2.740 -0.010 181.7 2.743 11.90 7.30 713.8 2.285 1.430 1.640 1.610 7106 SUPERMX 1.620 0.010 4565.3 1.627 18.20 2.24 2,203.7 0.845 0.695 0.740 0.730 0101 TMCLIFE 0.730 -0.015 473.4 0.734 44.51 0.25 1,267.6 6.297 4.610 4.940 4.900 7113 TOPGLOV 4.930 0.020 4548 4.927 28.81 1.72 12,623.7 0.385 0.230 — — 0301 TOPVISN 0.380 — — — 45.78 — 97.1 3.390 2.267 2.750 2.740 7178 YSPSAH 2.750 UNCH 8 2.743 13.20 2.55 380.4FINANCIAL SERVICES 4.350 3.678 4.170 4.140 2488 ABMB 4.160 0.010 280.2 4.162 12.59 3.68 6,440.1 16.760 11.741 16.640 16.300 5139 AEONCR 16.500 -0.100 293.1 16.51 11.15 2.56 4,138.2 2.574 2.153 2.290 2.250 5185 AFFIN 2.250 -0.040 99.1 2.265 8.11 2.22 4,468.5 14.274 10.137 13.580 13.500 1163 ALLIANZ 13.500 -0.080 3.7 13.54 6.51 2.96 2,386.3 4.590 3.278 4.480 4.420 1015 AMBANK 4.430 -0.020 2132.7 4.432 11.41 3.39 13,352.8 1.600 0.900 0.995 0.990 5088 APEX 0.990 -0.010 30 0.992 23.86 — 211.4 4.180 3.252 4.180 4.100 5258 BIMB 4.180 0.060 908.5 4.143 10.46 3.71 7,374.7 7.839 6.609 7.250 7.090 1818 BURSA 7.090 -0.060 295 7.145 25.57 3.61 5,725.0 7.206 5.101 5.800 5.680 1023 CIMB 5.700 -0.080 5196.7 5.700 9.57 4.39 54,517.4 0.400 0.240 — — 2143 ECM 0.325 — — — 69.15 — 156.0 1.350 1.114 1.340 1.310 5228 ELKDESA 1.310 -0.020 147.2 1.310 11.94 5.34 404.8 21.380 17.289 21.120 20.960 5819 HLBANK 20.980 UNCH 611.7 20.97 15.86 2.29 45,478.7 10.100 7.327 — — 5274 HLCAP 9.600 — — — 30.64 1.98 2,370.2 19.952 17.251 19.740 19.580 1082 HLFG 19.700 -0.020 260.6 19.68 11.51 2.03 22,606.1 0.913 0.645 0.880 0.860 3379 INSAS 0.870 0.010 2583.9 0.871 7.42 2.30 603.2 0.345 0.070 0.100 0.090 3441 JOHAN 0.100 0.005 625 0.096 — — 62.3 0.780 0.555 0.575 0.570 6483 KENANGA 0.570 UNCH 114.2 0.571 11.13 5.26 412.0 2.703 1.570 1.660 1.650 2186 KUCHAI 1.650 -0.020 28.9 1.650 4.52 0.61 204.2 16.803 15.250 16.400 16.360 8621 LPI 16.380 -0.040 64.2 16.38 20.78 4.15 6,525.5 0.773 0.400 0.545 0.535 1198 MAA 0.540 0.015 122.8 0.539 — 11.11 147.7 3.217 2.300 — — 1058 MANULFE 2.350 — — — 18.29 3.40 475.6 10.451 8.458 9.570 9.440 1155 MAYBANK 9.470 -0.080 10588.1 9.473 12.97 6.02 104,640 1.254 0.890 1.030 1.020 1171 MBSB 1.020 UNCH 732.5 1.024 9.48 4.90 6,516.9 2.062 0.845 1.090 1.080 6459 MNRB 1.090 UNCH 388.3 1.081 3.73 — 836.1 1.600 1.010 1.050 1.010 5237 MPHBCAP 1.020 -0.030 548.3 1.026 12.48 — 729.3 1.094 0.980 — — 6009 P&O 1.000 — — — — 5.20 286.9 26.160 21.244 25.020 24.880 1295 PBBANK 24.920 -0.020 6091.8 24.96 17.00 2.65 96,742.9 1.720 1.008 1.620 1.610 9296 RCECAP 1.620 0.010 147.6 1.612 5.97 4.94 582.9 5.795 4.826 5.680 5.560 1066 RHBBANK 5.580 UNCH 3382.4 5.582 10.19 3.14 22,376.1 0.695 0.461 0.660 0.650 4898 TA 0.655 -0.005 159.4 0.654 5.03 6.26 1,121.3 4.680 3.050 4.580 4.400 6139 TAKAFUL 4.440 -0.060 1160.9 4.488 12.40 3.38 3,659.5 1.001 0.525 0.655 0.640 5230 TUNEPRO 0.645 -0.010 455 0.648 10.29 4.65 484.9PROPERTY 0.380 0.230 — — 7131 ACME 0.230 — — — 12.23 — 54.9 0.714 0.490 0.535 0.515 1007 AMPROP 0.515 -0.005 193.9 0.521 2.55 7.77 313.9 0.396 0.220 0.250 0.250 1007PA AMPROP-PA 0.250 UNCH 0.7 0.250 — 8.00 72.1 1.270 0.870 1.000 0.945 5959 AMVERTON 0.985 0.075 47 0.949 10.74 — 359.6 0.650 0.280 — — 7007 ARK 0.450 — — — — — 21.9 0.175 0.110 0.125 0.115 4057 ASIAPAC 0.120 0.005 378 0.120 4.72 — 124.5 6.741 4.230 — — 2305 AYER 4.230 — — — 23.17 1.18 316.6 0.475 0.220 0.300 0.295 6602 BCB 0.300 0.010 14 0.297 4.08 — 123.8 0.630 0.285 0.335 0.315 6173 BDB 0.335 0.015 103 0.324 — — 101.8 0.430 0.180 0.255 0.255 9814 BERTAM 0.255 UNCH 470 0.255 — — 52.7 0.539 0.245 0.305 0.285 3239 BJASSET 0.305 0.020 1043.1 0.297 — — 780.2 1.580 0.963 1.540 1.490 5738 CHHB 1.490 -0.060 44 1.515 3.43 — 410.8 1.367 1.190 1.230 1.220 6718 CRESNDO 1.220 -0.080 13.6 1.227 11.90 4.92 342.2 1.590 1.108 1.450 1.370 5049 CVIEW 1.400 -0.050 3.2 1.393 1.99 3.57 140.0 2.980 1.918 2.980 2.980 5355 DAIMAN 2.980 UNCH 50 2.980 18.22 1.68 632.3 0.57 0.220 0.420 0.390 3484 DBHD 0.390 -0.025 1093.9 0.406 6.79 — 124.2 0.100 0.050 0.065 0.060 7198 DPS 0.065 UNCH 401 0.060 — — 38.2 1.656 0.850 0.885 0.870 3417 E&O 0.885 -0.005 7221 0.879 13.21 3.32 1,174.1 0.325 0.280 0.300 0.295 3557 ECOFIRS 0.300 UNCH 121 0.297 10.49 — 240.9 1.450 0.890 0.930 0.920 8206 ECOWLD 0.925 0.010 225.7 0.921 16.43 — 2,723.5 0.830 0.350 0.430 0.400 6076 ENCORP 0.430 UNCH 14.5 0.401 — — 126.4 2.739 1.520 — — 8613 ENRA 1.550 — — — — 2.90 211.1 0.960 0.550 0.570 0.560 6815 EUPE 0.570 -0.010 130 0.562 3.93 — 73.0 0.885 0.303 0.670 0.630 7249 EWEIN 0.650 0.020 7525.9 0.655 5.72 0.77 196.0 1.150 0.665 0.755 0.745 5283 EWINT 0.750 -0.005 271.9 0.747 51.02 — 1,800.0 0.445 0.340 0.370 0.370 6041 FARLIM 0.370 -0.005 10 0.370 925.00 — 62.3 0.520 0.361 0.375 0.370 5020 GLOMAC 0.375 UNCH 42 0.372 9.95 4.00 300.0 0.394 0.240 0.320 0.320 9962 GMUTUAL 0.320 0.040 0.1 0.320 7.66 1.56 120.2 0.315 0.170 0.200 0.195 1147 GOB 0.200 UNCH 69 0.198 — — 90.9 0.255 0.085 0.170 0.165 7077 GSB 0.165 -0.005 221.9 0.165 91.67 — 91.2 1.043 0.722 0.770 0.755 1503 GUOCO 0.755 -0.020 22.3 0.762 19.11 2.65 528.8 1.370 1.150 1.280 1.260 7105 HCK 1.270 UNCH 313.3 1.267 96.95 — 535.2 0.835 0.500 — — 7010 HOOVER 0.670 — — — — — 26.8 0.605 0.300 0.405 0.400 5062 HUAYANG 0.400 -0.010 239 0.403 11.98 — 140.8 0.534 0.360 0.435 0.425 4251 IBHD 0.430 -0.005 89 0.430 6.51 4.95 435.3 0.787 0.150 0.600 0.600 5084 IBRACO 0.600 UNCH 45 0.600 14.53 4.58 297.8 1.860 0.550 1.240 1.210 9687 IDEAL 1.210 -0.030 35.6 1.224 2.94 — 133.7 3.166 2.200 2.500 2.500 5606 IGBB 2.500 UNCH 50 2.500 7.84 0.80 1,723.8 1.988 1.210 1.610 1.580 5249 IOIPG 1.610 0.020 430.7 1.609 13.59 3.11 8,864.9 0.344 0.195 0.220 0.215 5175 IVORY 0.220 UNCH 141.1 0.219 — 11.36 107.8 1.440 0.365 0.485 0.465 1589 IWCITY 0.465 -0.015 2892.1 0.472 55.36 — 389.4 0.500 0.250 — — 8923 JIANKUN 0.325 — — — — — 54.2 0.100 0.070 0.080 0.075 6769 JKGLAND 0.080 0.005 161.2 0.079 38.10 1.25 182.0 0.125 0.070 0.105 0.100 3115 KBUNAI 0.105 UNCH 3349.4 0.101 15.44 — 606.5 0.940 0.555 0.740 0.720 7323 KEN 0.720 0.010 6.2 0.721 2.78 3.47 138.0 1.050 0.675 0.845 0.835 5038 KSL 0.835 -0.010 178.1 0.837 3.80 — 866.3 0.189 0.130 0.155 0.150 3174 L&G 0.155 UNCH 766.6 0.150 18.02 9.68 460.8 1.211 0.630 — — 8494 LBICAP 0.705 — — — 7.19 4.26 57.9 1.090 0.600 0.695 0.685 5789 LBS 0.690 0.005 907.6 0.689 10.97 3.19 1,075.7 0.480 0.280 0.285 0.280 3573 LIENHOE 0.280 -0.005 10 0.283 14.14 — 101.3 1.270 0.840 0.915 0.895 7617 MAGNA 0.915 0.020 50 0.908 13.28 — 306.4 1.270 0.890 0.965 0.955 8583 MAHSING 0.955 UNCH 554.1 0.959 10.88 6.81 2,318.4 0.941 0.390 0.505 0.490 6181 MALTON 0.500 -0.005 766.1 0.497 8.61 4.00 264.1 2.081 1.734 2.020 2.000 5236 MATRIX 2.000 UNCH 107.6 2.002 6.82 6.75 1,505.6 2.152 1.480 1.700 1.700 7189 MBWORLD 1.700 0.080 0.1 1.700 4.04 4.06 267.5 0.965 0.600 — — 5182 MCT 0.650 — — — 9.07 — 947.0 0.510 0.265 0.305 0.300 5040 MEDAINC 0.300 -0.010 211 0.302 — — 147.8 0.545 0.340 — — 1694 MENANG 0.385 — — — 11.06 — 185.1 0.370 0.190 0.230 0.215 8141 MJPERAK 0.230 0.010 108.2 0.217 12.57 — 59.1 1.623 1.110 1.230 1.220 6114 MKH 1.230 0.010 623.8 1.223 10.31 2.85 721.5 0.280 0.160 0.200 0.190 8893 MKLAND 0.195 0.010 1395.1 0.195 10.37 — 235.4 0.105 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9 1.175 0.534 0.740 0.725 1651 MRCB 0.725 -0.010 6298.9 0.733 13.11 2.41 3,189.9 0.640 0.390 0.460 0.460 9539 MUH 0.460 0.030 21 0.460 — — 26.0 0.320 0.190 0.205 0.195 3913 MUIPROP 0.200 UNCH 5761.4 0.196 18.52 — 152.8 1.080 0.430 0.715 0.680 5073 NAIM 0.685 -0.035 1883.8 0.695 — — 352.0 2.280 1.883 — — 5827 OIB 2.020 — — — 7.35 3.47 312.8 1.028 0.835 0.955 0.945 5053 OSK 0.950 0.005 236.4 0.950 7.67 5.79 1,990.5 2.260 1.692 2.150 2.130 1724 PARAMON 2.140 0.010 127.4 2.140 10.20 3.97 916.5 0.571 0.300 0.450 0.420 6912 PASDEC 0.450 0.020 276 0.426 — — 180.2 0.045 0.015 0.020 0.020 4464 PHB 0.020 UNCH 5450 0.020 — — 36.0 1.800 1.210 1.250 1.210 7055 PLB 1.250 UNCH 1 1.230 — — 140.5 1.595 1.305 — — 5075 PLENITU 1.490 — — — 12.96 3.02 568.5 6.150 5.210 5.810 5.640 7765 RAPID 5.810 0.070 1867.6 5.735 358.64 — 621.1 1.120 0.600 0.655 0.655 4596 SAPRES 0.655 0.010 1 0.655 8.62 — 91.4 0.630 0.400 — — 5207 SBCCORP 0.500 — — — 15.58 — 129.1 0.930 0.600 — — 2224 SDRED 0.650 — — — 3.11 3.85 277.0 0.470 0.285 0.320 0.320 4286 SEAL 0.320 -0.010 10 0.320 2.80 — 77.7 2.617 2.180 2.350 2.350 6017 SHL 2.350 -0.010 1.5 2.350 8.23 9.36 569.0 1.473 0.905 1.120 1.070 5288 SIMEPROP 1.110 0.020 1073.6 1.095 27.07 5.41 7,548.9 0.250 0.135 0.155 0.155 4375 SMI 0.155 -0.005 1 0.155 — — 32.5 0.670 0.345 0.450 0.385 5213 SNTORIA 0.450 0.030 1.1 0.403 9.00 — 255.3 6.210 3.950 6.210 6.200 1783 SPB 6.200 UNCH 80.5 6.201 — 1.94 2,130.4 3.247 1.930 2.590 2.540 8664 SPSETIA 2.590 0.020 1060.7 2.552 8.91 5.98 10,252.7 1.340 0.580 0.660 0.630 3743 SUNSURIA 0.630 UNCH 155.5 0.639 4.96 — 503.3 0.751 0.320 0.395 0.385 1538 SYMLIFE 0.385 -0.005 201.1 0.390 2.48 — 227.3 0.300 0.165 0.295 0.275 4022 TADMAX 0.285 0.010 2780.4 0.286 — — 223.4 0.358 0.240 0.270 0.265 5158 TAGB 0.270 -0.005 636.4 0.269 5.18 2.22 1,436.9 0.045 0.025 — — 2259 TALAMT 0.025 — — — — — 105.5 1.023 0.673 0.770 0.760 5191 TAMBUN 0.765 -0.010 220.2 0.767 5.66 8.76 331.5 0.112 0.045 0.065 0.060 2429 TANCO 0.065 0.010 804 0.060 — — 44.9 0.485 0.131 0.240 0.215 7889 THRIVEN 0.225 0.005 4078.3 0.233 5.17 — 115.7 0.120 0.045 0.080 0.075 7079 TIGER 0.075 UNCH 1679.8 0.078 — — 83.7 0.685 0.285 0.320 0.315 5239 TITIJYA 0.320 UNCH 325.4 0.317 6.06 0.78 430.2 0.898 0.778 0.880 0.870 5401 TROP 0.880 UNCH 176 0.877 6.95 3.16 1,294.0 1.144 0.620 0.785 0.770 5148 UEMS 0.780 0.010 1349.4 0.779 12.19 1.28 3,539.2 2.549 1.840 2.350 2.300 5200 UOADEV 2.300 -0.020 46.1 2.318 9.27 6.52 4,243.2 0.255 0.105 — — 6378 WMG 0.125 — — — — — 53.3 1.000 0.910 — — 7003 Y&G 0.910 — — — 17.30 — 181.4 1.660 1.040 1.260 1.230 3158 YNHPROP 1.230 -0.020 6819 1.242 20.95 0.57 650.7 1.590 0.300 0.360 0.350 7066 YONGTAI 0.350 -0.010 4215 0.355 21.34 — 170.0 0.525 0.370 0.410 0.410 2577 YTLLAND 0.410 UNCH 43 0.410 — — 346.2TRANSPORTATION & LOGISTICS 9.926 7.260 7.960 7.840 5014 AIRPORT 7.940 0.060 1833.7 7.921 19.68 1.64 13,174.0 1.930 1.182 1.310 1.310 8133 BHIC 1.310 UNCH 1.3 1.310 — 2.67 325.5 5.909 4.410 4.500 4.450 5032 BIPORT 4.450 UNCH 3.8 4.482 19.65 3.15 2,047.0 0.490 0.330 — — 7187 CHGP 0.350 — — — 17.68 — 104.0 0.890 0.385 0.500 0.495 7117 CJCEN 0.500 -0.005 312.6 0.497 15.58 3.00 197.1 0.810 0.535 0.790 0.785 5136 COMPLET 0.785 0.005 6.1 0.785 8.41 — 97.5 0.605 0.280 0.500 0.480 5259 EATECH 0.480 -0.010 2788.5 0.490 2.10 — 241.9 0.791 0.505 0.575 0.560 7210 FREIGHT 0.575 -0.005 471.7 0.562 8.23 5.79 160.6 0.630 0.255 0.325 0.310 0078 GDEX 0.315 -0.005 2512.9 0.319 76.83 0.63 1,764.8 0.450 0.280 0.350 0.345 7676 GUNUNG 0.350 -0.010 51.6 0.350 18.23 — 82.7 0.784 0.611 0.700 0.670 2062 HARBOUR 0.700 0.010 12.1 0.670 7.56 1.43 280.3 0.130 0.030 0.060 0.055 7013 HUBLINE 0.055 -0.005 5016.7 0.055 27.50 — 210.0 0.790 0.430 0.440 0.435 5614 ILB 0.440 UNCH 14.9 0.436 — — 85.8 5.781 3.557 — — 6645 LITRAK 4.500 — — — 10.37 4.44 2,375.9 0.195 0.055 0.085 0.080 5078 M&G 0.080 -0.005 444.8 0.081 — 62.50 57.9 0.710 0.410 0.655 0.620 5077 MAYBULK 0.635 0.010 515.2 0.637 — — 635.0 7.134 4.917 6.900 6.780 3816 MISC 6.850 0.050 1350.2 6.848 29.36 4.38 30,577.0 1.934 0.810 0.895 0.880 2194 MMCCORP 0.890 0.010 1211.5 0.887 14.38 4.49 2,710.1 0.520 0.200 — — 9806 NATWIDE 0.300 — — — — — 37.0 0.090 0.025 0.040 0.035 6254 PDZ 0.035 -0.005 401.2 0.035 — — 23.9 4.957 1.550 1.970 1.940 4634 POS 1.940 UNCH 551.5 1.949 56.40 4.12 1,518.6 1.220 0.295 0.400 0.400 8346 PRKCORP 0.400 0.005 10 0.400 — — 40.0 0.190 0.090 0.145 0.130 5145 SEALINK 0.135 0.010 4713.1 0.140 — — 67.5 1.283 0.920 0.920 0.920 7053 SEEHUP 0.920 UNCH 6 0.920 — 3.42 74.0 1.535 1.203 1.490 1.470 6521 SURIA 1.490 UNCH 10 1.472 8.22 1.96 515.3 0.405 0.210 0.290 0.290 5173 SYSCORP 0.290 0.005 70 0.290 17.37 — 348.0

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

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

2 7

MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY

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

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

0.395 0.180 0.300 0.270 5149 TAS 0.290 0.025 1336.4 0.287 21.64 — 52.2 1.967 0.990 1.400 1.330 5140 TASCO 1.400 0.070 41.9 1.372 13.32 3.21 280.0 1.170 0.700 0.730 0.725 8397 TNLOGIS 0.730 0.005 11 0.730 12.37 2.74 336.4 1.150 0.350 0.765 0.765 7218 TOCEAN 0.765 -0.035 1.5 0.765 — — 31.4 3.950 3.050 3.890 3.820 5246 WPRTS 3.850 0.010 541.7 3.862 24.62 3.05 13,128.5 1.170 0.620 0.830 0.815 5267 XINHWA 0.820 -0.040 845 0.821 23.77 1.22 177.1PLANTATION 0.215 0.140 — — 7054 AASIA 0.155 — — — — — 102.3 18.988 16.200 17.300 17.300 1899 BKAWAN 17.300 -0.020 33.7 17.300 14.93 3.18 7,542.0 8.269 6.700 — — 5069 BLDPLNT 6.900 — — — 126.84 0.43 645.2 1.295 0.655 0.960 0.945 5254 BPLANT 0.950 UNCH 255.8 0.949 — 10.38 2,128.0 0.808 0.530 0.610 0.600 8982 CEPAT 0.600 0.005 55 0.606 13.99 3.33 191.1 7.833 6.343 6.900 6.720 1929 CHINTEK 6.720 -0.080 2 6.810 9.00 2.68 614.0 0.595 0.435 0.505 0.490 3948 DUTALND 0.490 -0.010 419.9 0.495 — — 414.6 3.459 1.973 2.860 2.860 5029 FAREAST 2.860 UNCH 0.2 2.860 1.46 1.60 1,698.4 2.070 0.630 1.180 1.110 5222 FGV 1.130 UNCH 31687.5 1.147 — 4.65 4,122.4 10.520 9.002 10.520 10.300 2291 GENP 10.500 0.140 1692.7 10.43 31.44 1.36 8,475.8 0.570 0.335 0.375 0.375 7382 GLBHD 0.375 -0.025 1 0.375 — 2.67 83.6 1.100 0.550 0.740 0.740 2135 GOPENG 0.740 0.080 0.1 0.740 35.92 3.61 199.1 0.650 0.340 — — 7501 HARNLEN 0.470 — — — — — 87.2 2.545 1.610 1.890 1.890 5138 HSPLANT 1.890 -0.010 11.7 1.890 21.90 3.97 1,512.0 2.610 1.300 1.800 1.790 2216 IJMPLNT 1.800 UNCH 184.7 1.800 — 2.78 1,585.0 0.754 0.610 0.630 0.620 2607 INCKEN 0.630 UNCH 658 0.624 — 1.73 265.1 1.120 0.605 0.760 0.760 6262 INNO 0.760 UNCH 13 0.760 17.80 6.58 363.9 4.757 4.100 4.630 4.560 1961 IOICORP 4.600 0.060 2784.5 4.598 28.01 1.96 28,909.0 1.098 0.430 0.620 0.610 4383 JTIASA 0.615 0.005 866 0.614 — 0.81 598.8 25.809 23.106 24.820 24.740 2445 KLK 24.800 0.100 1220.3 24.78 35.06 1.81 26,474.1 4.432 3.496 3.620 3.580 2453 KLUANG 3.620 0.040 3.5 3.607 88.73 0.27 228.7 1.453 1.130 1.280 1.260 5027 KMLOONG 1.280 0.010 50.1 1.275 17.58 4.69 1,197.3 0.880 0.365 0.400 0.400 1996 KRETAM 0.400 -0.005 195.2 0.400 — 2.50 931.1 1.550 0.800 — — 6572 KWANTAS 0.900 — — — — — 280.5 1.022 0.760 — — 4936 MALPAC 0.840 — — — — 11.90 63.0 0.823 0.560 0.640 0.640 5026 MHC 0.640 -0.005 96.6 0.640 11.92 3.13 125.8 2.000 1.780 — — 5047 NPC 1.830 — — — — 0.55 219.6 3.859 3.110 — — 2038 NSOP 3.230 — — — 9.84 1.86 226.8 0.690 0.140 0.350 0.330 1902 PINEPAC 0.340 -0.010 20 0.342 — — 50.9 1.120 0.650 0.900 0.900 9695 PLS 0.900 0.150 1 0.900 — — 294.0 0.365 0.140 0.210 0.200 5113 RSAWIT 0.200 -0.005 861.5 0.202 — — 283.7 3.954 2.981 — — 2542 RVIEW 3.100 — — — 33.81 1.94 201.0 3.461 2.740 3.000 3.000 2569 SBAGAN 3.000 UNCH 17.5 3.000 26.50 0.67 199.0 0.610 0.320 — — 4316 SHCHAN 0.400 — — — — — 52.7 5.596 3.950 5.160 5.070 5285 SIMEPLT 5.160 0.040 1789.4 5.155 42.64 — 35,524.4 3.807 1.960 2.640 2.610 5126 SOP 2.620 UNCH 35.2 2.622 14.49 2.29 1,495.7 1.800 1.455 — — 5135 SWKPLNT 1.560 — — — — 3.21 436.8 3.287 1.882 2.450 2.410 5012 TAANN 2.410 -0.030 48 2.424 14.59 4.15 1,072.1 0.441 0.145 0.200 0.185 2054 TDM 0.195 0.005 3075.2 0.194 — 2.56 328.1 0.991 0.455 0.590 0.580 5112 THPLANT 0.590 -0.010 5 0.584 — 6.10 521.5 1.574 0.960 — — 9059 TSH 1.120 — — — 29.32 1.79 1,547.6 6.505 5.101 5.500 5.450 2593 UMCCA 5.450 -0.050 11 5.476 50.60 1.47 1,142.8 28.062 25.000 26.340 26.000 2089 UTDPLT 26.080 0.060 11 26.03 14.00 1.53 5,428.1TELECOMMUNICATIONS & MEDIA 0.175 0.075 0.160 0.155 0159 AMEDIA 0.160 UNCH 271.3 0.159 — — 38.3 0.700 0.610 0.655 0.655 7031 AMTEL 0.655 UNCH 1 0.655 327.50 — 35.5 2.433 1.026 1.600 1.560 6399 ASTRO 1.600 0.030 1899.6 1.593 15.86 7.19 8,342.9 5.653 3.200 3.950 3.880 6888 AXIATA 3.940 -0.010 7062.3 3.928 — 2.16 35,742.0 0.375 0.120 0.170 0.170 6025 BJMEDIA 0.170 -0.080 3.8 0.170 — — 40.0 4.784 3.844 4.660 4.590 6947 DIGI 4.610 0.030 3503.8 4.607 23.26 4.25 35,842.8 0.405 0.180 0.260 0.255 0059 ECOHLDS 0.260 0.005 183 0.257 — — 42.3 0.510 0.280 0.425 0.415 0082 GPACKET 0.415 -0.005 12539.4 0.420 — — 374.0 5.929 5.102 5.760 5.580 6012 MAXIS 5.630 -0.070 1122.2 5.648 21.21 3.55 44,007.7 0.635 0.250 0.415 0.390 4502 MEDIA 0.395 -0.010 2840.3 0.398 — — 438.1 0.465 0.181 0.250 0.240 5090 MEDIAC 0.240 UNCH 2509.5 0.244 1.05 6.29 404.9 0.850 0.400 0.575 0.560 0172 OCK 0.560 -0.015 2316.1 0.567 20.22 1.79 488.0 0.518 0.330 — — 7190 PPG 0.370 — — — 75.51 1.35 37.0 0.530 0.200 0.230 0.225 5252 SASBADI 0.225 UNCH 1783.1 0.225 46.88 2.98 94.3 0.860 0.530 — — 9431 SJC 0.650 — — — 55.56 — 26.3 1.314 0.620 0.740 0.730 6084 STAR 0.735 UNCH 91.6 0.734 — 16.33 542.8 8.510 7.060 8.250 8.090 5031 TIMECOM 8.190 UNCH 15.3 8.175 17.92 0.65 4,780.5 6.059 2.110 2.910 2.880 4863 TM 2.900 UNCH 5111.7 2.898 30.30 7.41 10,898.0 0.510 0.085 0.260 0.200 5754 UTUSAN 0.220 -0.030 422.3 0.221 — — 24.4TECHNOLOGY 0.700 0.610 0.655 0.655 7031 AMTEL 0.655 UNCH 1 0.655 327.50 — 35.5 0.265 0.120 0.160 0.155 5195 CENSOF 0.155 -0.005 465.2 0.155 — — 77.8 0.600 0.130 0.220 0.215 0051 CUSCAPI 0.215 -0.010 1806.9 0.217 — — 184.7 0.993 0.542 0.765 0.745 7204 D&O 0.745 -0.010 1289.5 0.749 25.00 1.11 821.9 0.295 0.175 0.230 0.215 8338 DATAPRP 0.220 UNCH 607.9 0.218 — — 92.7 0.120 0.040 0.050 0.050 0029 DIGISTA 0.050 0.005 370 0.050 — — 32.9 0.485 0.195 0.320 0.305 4456 DNEX 0.305 -0.010 12075 0.312 10.74 1.64 536.2 1.079 0.285 0.500 0.485 5216 DSONIC 0.490 -0.010 3250.6 0.491 13.76 7.14 661.5 0.840 0.335 0.630 0.585 5036 EDARAN 0.590 -0.015 2987.8 0.610 4.79 — 35.4 1.363 0.324 0.540 0.525 0065 EFORCE 0.525 -0.005 1039.8 0.532 31.82 2.86 217.6 1.476 0.895 1.140 1.120 0090 ELSOFT 1.120 -0.020 354.5 1.127 17.55 2.97 745.7 0.983 0.341 0.955 0.925 0128 FRONTKN 0.940 -0.010 11557.3 0.938 22.71 0.74 990.2 0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 1.860 1.030 1.700 1.680 0021 GHLSYS 1.700 0.020 42.1 1.684 53.13 — 1,254.6 0.510 0.280 0.425 0.415 0082 GPACKET 0.415 -0.005 12539.4 0.420 — — 374.0 0.238 0.180 0.205 0.205 0056 GRANFLO 0.205 UNCH 179.6 0.205 10.57 2.93 99.0 2.859 1.390 2.090 2.030 7022 GTRONIC 2.070 0.050 1166.2 2.064 18.85 0.97 1,384.9 1.160 0.340 0.855 0.830 5028 HTPADU 0.835 -0.010 1250.1 0.840 — — 84.5 2.506 1.220 1.690 1.650 0166 INARI 1.690 0.040 7708.1 1.669 19.67 3.83 5,351.8 0.420 0.250 0.290 0.280 0192 INTA 0.285 0.005 1500.8 0.283 1.79 — 152.5 0.205 0.070 — — 9393 ITRONIC 0.100 — — — — — 10.3 0.420 0.155 0.225 0.210 5161 JCY 0.215 0.005 3195.1 0.215 — 2.33 446.5 20.573 7.360 9.300 9.200 9334 KESM 9.300 -0.090 30.3 9.272 13.08 1.99 400.0 0.245 0.095 0.115 0.110 0143 KEYASIC 0.110 -0.005 2631.4 0.113 22.00 — 104.6 3.341 1.358 2.450 2.410 5286 MI 2.440 -0.010 453.6 2.434 18.63 — 1,220.0 1.361 0.660 0.885 0.860 0113 MMSV 0.860 -0.025 271.2 0.878 15.52 1.86 175.2 13.087 7.363 10.160 9.980 3867 MPI 9.980 -0.020 166.7 10.03 12.77 2.91 2,094.6 1.930 0.950 1.790 1.760 5011 MSNIAGA 1.790 -0.010 121 1.787 8.76 2.79 108.1 3.030 0.655 1.070 1.020 0138 MYEG 1.030 UNCH 37289.7 1.048 49.05 1.65 3,714.5 0.778 0.507 0.635 0.620 0083 NOTION 0.625 UNCH 1489.6 0.628 4.34 1.60 208.2 0.520 0.335 0.380 0.375 9008 OMESTI 0.380 -0.005 163 0.379 — — 181.5 0.315 0.190 0.240 0.235 0041 PANPAGE 0.235 -0.010 155.1 0.238 — — 62.4 3.870 1.700 3.210 3.170 7160 PENTA 3.200 0.010 1686.3 3.195 20.82 — 1,013.1 1.760 0.255 0.470 0.440 5204 PRESBHD 0.440 -0.025 26231.9 0.454 43.56 3.86 213.0 0.470 0.240 0.385 0.360 9075 THETA 0.365 0.005 390.7 0.377 — — 39.1 0.045 0.010 0.020 0.015 0118 TRIVE 0.020 UNCH 201.1 0.015 — — 46.9 0.200 0.105 0.150 0.145 4359 TURIYA 0.145 -0.005 40 0.146 — — 33.2 3.300 1.574 3.080 3.040 5005 UNISEM 3.080 0.030 91.4 3.052 21.58 2.76 2,260.2 8.492 5.046 6.930 6.780 0097 VITROX 6.880 0.120 382.7 6.876 33.45 0.69 3,237.6 1.253 0.907 1.000 0.990 5162 VSTECS 0.990 -0.010 12.1 0.990 6.38 5.05 178.2 0.648 0.415 0.475 0.460 0008 WILLOW 0.475 0.010 374.4 0.464 18.92 2.11 235.6UTILITIES 0.444 0.090 0.130 0.110 7471 EDEN 0.120 0.010 20027 0.122 — — 46.8 2.960 2.553 2.880 2.800 5209 GASMSIA 2.800 -0.020 1119.9 2.822 17.42 4.82 3,595.2 2.060 1.051 1.380 1.320 5843 KPS 1.370 0.050 659.8 1.353 — 3.10 736.2 1.012 0.745 0.855 0.845 5264 MALAKOF 0.855 0.005 1516.2 0.850 1.74 6.78 4,275.0 3.990 2.990 3.910 3.840 3069 MFCB 3.910 0.020 126.2 3.890 12.35 1.02 1,632.3 1.275 1.020 1.190 1.180 5041 PBA 1.180 -0.010 52 1.189 11.13 3.39 390.9 20.000 16.580 18.260 17.960 6033 PETGAS 18.120 0.020 1199.4 18.09 18.12 3.81 35,854.6 1.309 0.608 1.270 1.240 5272 RANHILL 1.260 UNCH 1030.1 1.256 16.69 6.35 1,119.3 0.356 0.220 0.250 0.240 8567 SALCON 0.245 0.005 1827.6 0.245 — 3.27 207.5 0.883 0.417 0.880 0.860 8524 TALIWRK 0.875 0.005 518.5 0.870 40.70 5.49 1,763.8 15.787 12.520 13.080 12.960 5347 TENAGA 13.040 0.020 1678.2 13.04 12.53 5.09 74,157.0 1.446 0.882 1.110 1.080 4677 YTL 1.110 0.010 2885.7 1.095 33.94 3.60 12,110.7 1.208 0.694 0.900 0.890 6742 YTLPOWR 0.900 UNCH 410.8 0.897 11.64 5.56 7,342.4CLOSED-END FUNDS 2.850 2.340 2.450 2.430 5108 ICAP 2.450 0.040 56 2.445 34.41 — 343.0EXCHANGE TRADED FUNDS 1.190 1.147 1.168 1.168 0800EA ABFMY1 1.168 0.002 10 1.168 — 3.98 1,445.9 5.510 5.260 — — 0829EA CHINAETF-MYR 5.510 — — — — — 8.2 2.100 1.735 — — 0822EA CIMBA40 1.885 — — — — 3.61 5.1 1.720 1.450 1.580 1.580 0823EA CIMBC50 1.580 -0.010 2.1 1.580 — — 11.3 1.960 1.750 1.790 1.790 0820EA FBMKLCI-EA 1.790 UNCH 1 1.790 — 1.84 3.0 1.775 1.600 1.755 1.755 0828EA GOLDETF 1.755 0.010 10 1.755 — — 44.9 1.075 0.940 — — 0826EA METFAPA 1.050 — — — — — 18.9 0.880 0.795 — — 0825EA METFSID 0.820 — — — — 1.84 72.2 1.100 0.900 — — 0827EA METFUS50 1.020 — — — — — 13.3 1.250 1.060 — — 0821EA MYETFDJ 1.100 — — — — 2.17 303.5 1.210 1.085 — — 0824EA MYETFID 1.175 — — — — 2.39 50.3REAL ESTATE INVESTMENT TRUSTS 0.830 0.675 0.810 0.790 4952 AHP 0.810 -0.005 40.3 0.797 14.44 6.95 178.2 1.400 1.008 1.350 1.340 5116 ALAQAR 1.350 -0.020 485.2 1.349 11.53 5.34 993.6 0.889 0.743 — — 5269 ALSREIT 0.830 — — — 12.77 6.45 481.4 0.611 0.510 0.530 0.515 5120 AMFIRST 0.520 -0.005 162.6 0.520 39.69 7.60 356.9 0.863 0.778 0.840 0.835 5127 ARREIT 0.835 -0.005 146.5 0.838 3.28 7.31 478.6 1.150 0.978 1.120 1.120 5130 ATRIUM 1.120 -0.010 32.6 1.120 11.74 7.23 136.4 1.780 1.115 1.700 1.670 5106 AXREIT 1.680 -0.020 1380.4 1.680 13.37 5.20 2,078.6 1.193 0.907 1.090 1.070 5180 CMMT 1.090 UNCH 2577.8 1.085 16.39 7.25 2,228.2 1.218 1.090 1.130 1.120 5121 HEKTAR 1.130 UNCH 796.2 1.123 12.34 8.85 522.0 1.790 1.358 1.790 1.750 5227 IGBREIT 1.790 0.030 786.4 1.765 18.90 5.13 6,336.3 0.842 0.624 0.815 0.805 5280 KIPREIT 0.805 UNCH 394.4 0.810 11.18 8.14 406.8 7.900 6.447 7.770 7.750 5235SS KLCC 7.750 -0.020 47.5 7.753 19.30 4.39 13,991.3 1.119 0.919 1.080 1.070 5123 MQREIT 1.070 -0.010 142.5 1.075 15.67 7.39 1,146.8 1.730 1.243 1.710 1.680 5212 PAVREIT 1.690 -0.020 94.9 1.695 17.77 5.20 5,132.0 1.800 1.403 1.760 1.740 5176 SUNREIT 1.750 0.010 2146.1 1.750 12.25 5.06 5,153.9 1.126 0.876 0.900 0.900 5111 TWRREIT 0.900 UNCH 9.5 0.900 48.13 4.56 252.5 1.422 1.228 1.320 1.320 5110 UOAREIT 1.320 UNCH 2 1.320 9.70 6.92 558.2 1.290 1.017 1.280 1.280 5109 YTLREIT 1.280 -0.010 242.9 1.280 9.16 5.95 2,181.6SPAC 0.72 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3 0.510 0.460 — — 5270 RSENA 0.505 — — — — — 505.0ENERGY 0.195 0.060 0.120 0.110 5115 ALAM 0.110 -0.005 4245.5 0.113 — — 101.7 0.950 0.145 0.250 0.235 5210 ARMADA 0.235 -0.010 193170.5 0.241 — — 1,379.7 0.290 0.040 0.145 0.130 7251 BARAKAH 0.130 -0.015 34992.7 0.137 — — 108.7 0.945 0.205 0.890 0.850 5257 CARIMIN 0.860 -0.025 4312.7 0.867 — — 201.1 1.350 0.735 1.030 1.000 5071 COASTAL 1.000 -0.010 230.2 1.005 — 2.00 531.6 0.085 0.005 0.015 0.010 0091 DAYA 0.015 0.005 16747.4 0.010 — — 30.6 0.920 0.500 0.840 0.790 5141 DAYANG 0.805 -0.025 20203.6 0.814 68.80 — 776.7 1.340 0.886 1.170 1.110 5132 DELEUM 1.110 -0.040 752.4 1.136 13.41 4.05 445.2 3.637 2.440 3.240 3.080 7277 DIALOG 3.150 0.160 25717.2 3.158 36.59 1.02 17,771.2 0.535 0.235 0.365 0.355 7253 HANDAL 0.355 -0.005 90.9 0.358 — — 56.8 15.646 4.510 5.320 5.180 4324 HENGYUAN 5.210 0.010 507.2 5.234 6.65 0.38 1,563.0

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

1.360 0.705 1.090 1.050 5199 HIBISCS 1.070 0.010 45551.5 1.070 5.79 — 1,699.4 0.620 0.130 0.215 0.205 2739 HUAAN 0.205 -0.010 9623.6 0.207 5.68 — 230.1 0.255 0.060 0.120 0.110 5255 ICON 0.110 UNCH 4431.4 0.113 — — 129.5 0.245 0.070 0.115 0.110 7164 KNM 0.115 0.005 33563.8 0.111 — — 272.5 0.865 0.495 0.700 0.665 5186 MHB 0.695 0.035 3485.7 0.682 — 4.32 1,112.0 0.795 0.315 0.450 0.415 5133 PENERGY 0.415 -0.015 40.9 0.420 — 4.82 133.5 0.360 0.175 0.290 0.275 7108 PERDANA 0.275 -0.010 4883.8 0.281 — — 214.1 0.065 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3 11.844 6.010 7.330 7.160 3042 PETRONM 7.170 -0.010 194.9 7.251 5.54 3.49 1,935.9 0.520 0.210 0.350 0.330 5256 REACH 0.330 -0.005 7563.2 0.339 — — 361.8 0.910 0.255 0.320 0.300 5218 SAPNRG 0.305 UNCH 314020.1 0.308 — — 4,873.6 0.210 0.040 0.050 0.045 7158 SCOMI 0.045 UNCH 4856.2 0.045 — — 49.2 0.130 0.030 0.055 0.050 7045 SCOMIES 0.050 -0.005 593 0.051 — — 117.1 4.256 2.815 3.900 3.840 5279 SERBADK 3.840 UNCH 3491.7 3.872 15.32 1.90 5,639.0 0.090 0.005 0.010 0.005 1201 SUMATEC 0.010 UNCH 46131.4 0.010 — — 42.5 0.645 0.300 0.460 0.440 7228 T7GLOBAL 0.460 0.005 179 0.449 42.99 — 192.9 0.105 0.025 0.045 0.040 7206 THHEAVY 0.045 UNCH 2633.7 0.043 — — 50.5 1.570 0.550 0.905 0.850 7250 UZMA 0.855 -0.025 4693.6 0.878 17.96 — 273.6 0.345 0.165 0.230 0.220 5243 VELESTO 0.220 -0.005 6875.2 0.225 — — 1,807.4 1.710 0.595 0.855 0.840 5142 WASEONG 0.845 -0.010 250 0.847 4.64 — 654.8 4.905 3.597 4.320 4.200 7293 YINSON 4.200 0.120 556.9 4.228 19.52 1.43 4,591.6

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

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

CONSUMER PRODUCTS & SERVICES 0.725 0.325 0.520 0.500 0098 BAHVEST 0.510 0.010 2706.7 0.510 32.69 — 623.1 0.275 0.190 0.215 0.210 0179 BIOHLDG 0.210 -0.005 1263 0.210 13.21 0.52 180.6 0.350 0.210 0.240 0.235 0205 DPIH 0.235 Unch 566.1 0.235 7.53 — 114.4 0.310 0.120 0.150 0.145 0116 FOCUS 0.145 Unch 6681.7 0.146 — — 296.1 0.259 0.160 0.220 0.200 0157 FOCUSP 0.200 Unch 11 0.202 9.26 5.00 33.0 0.165 0.085 0.110 0.105 0074 GOCEAN 0.105 0.005 160 0.108 — — 30.4 0.145 0.035 0.050 0.050 0170 KANGER 0.050 Unch 2926.3 0.050 8.93 — 44.7 0.205 0.125 0.180 0.165 0180 KTC 0.165 -0.005 2124.2 0.172 — — 84.2 0.210 0.105 0.115 0.115 0182 LKL 0.115 -0.005 342.8 0.115 — 3.04 49.3 0.780 0.280 0.490 0.480 0201 NOVA 0.480 -0.015 272.9 0.486 18.05 3.75 152.5 0.200 0.110 — — 0153 OVERSEA 0.130 — — — — — 32.0 0.180 0.070 0.080 0.070 0022 PARLO 0.080 0.005 255 0.073 0.50 — 29.1 0.335 0.235 — — 0171 PLABS 0.310 — — — 16.85 1.94 66.6 0.560 0.433 0.530 0.530 0158 SCC 0.530 0.010 29 0.530 10.29 6.42 74.8 0.300 0.135 — — 0140 STERPRO 0.185 — — — — — 59.4 0.295 0.130 0.175 0.170 0148 SUNZEN 0.170 Unch 179.8 0.173 77.27 1.76 89.4 0.393 0.190 0.350 0.340 0197 WEGMANS 0.340 -0.010 1009.5 0.345 17.26 1.47 170.0 0.065 0.030 0.040 0.030 0095 XINGHE 0.035 -0.005 32589.2 0.035 — — 90.1INDUSTRIAL PRODUCTS & SERVICES 0.300 0.210 — — 0122 AIM 0.280 — — — — — 74.5 0.147 0.060 0.085 0.080 0105 ASIAPLY 0.085 -0.005 290.8 0.082 283.33 5.88 38.0 0.105 0.045 0.050 0.050 0072 AT 0.050 Unch 433.9 0.050 — — 23.2 0.250 0.140 0.220 0.210 0187 BCMALL 0.215 Unch 2461.2 0.214 13.11 — 90.6 0.300 0.185 0.195 0.190 0163 CAREPLS 0.190 Unch 532 0.194 — — 101.0 0.195 0.105 — — 0102 CONNECT 0.120 — — — — — 39.5 0.346 0.170 0.260 0.225 0190 ESAFE 0.260 0.050 68 0.228 50.98 6.92 62.6 0.237 0.105 0.155 0.150 0100 ESCERAM 0.155 Unch 145.1 0.155 — 3.87 31.9 0.547 0.336 0.520 0.505 0039 GFM 0.515 -0.005 1312.2 0.514 23.30 1.79 242.5 0.255 0.115 0.135 0.135 0175 HHGROUP 0.135 Unch 20 0.135 — — 45.8 0.125 0.080 0.105 0.090 0160 HHHCORP 0.100 0.010 1747.2 0.097 18.87 — 33.3 0.280 0.130 0.130 0.130 0188 HLT 0.130 Unch 10 0.130 — — 66.6 0.095 0.035 0.085 0.075 0024 JAG 0.080 Unch 43637.1 0.080 44.44 2.38 121.3 0.304 0.185 0.225 0.215 0193 KAB 0.225 0.005 95.9 0.215 8.21 4.44 72.0 0.180 0.105 — — 0167 MCLEAN 0.110 — — — — — 19.7 0.260 0.135 0.175 0.170 0081 MEGASUN 0.170 -0.005 206.3 0.174 19.32 — 37.8 0.165 0.050 0.065 0.060 0177 PASUKGB 0.065 Unch 556.6 0.060 — — 52.8 0.300 0.120 0.140 0.135 0038 PTB 0.135 Unch 86.1 0.135 — — 25.2 0.380 0.165 0.260 0.240 0196 QES 0.250 0.015 36581 0.249 12.82 — 189.6 0.180 0.055 0.065 0.060 0133 SANICHI 0.065 Unch 85.1 0.061 — — 72.1 0.225 0.090 0.140 0.140 0161 SCH 0.140 -0.005 65.5 0.140 — — 77.8 0.890 0.280 0.890 0.820 0001 SCOMNET 0.890 0.040 3577.9 0.856 45.18 — 572.3 0.188 0.115 0.145 0.140 0028 SCOPE 0.140 -0.005 14 0.144 — 3.57 78.5 0.180 0.080 0.100 0.095 0055 SERSOL 0.100 0.005 74.9 0.095 — — 21.5 0.559 0.254 0.340 0.330 0084 TECFAST 0.340 0.015 481.9 0.336 19.65 2.94 77.6 0.768 0.510 0.555 0.555 0089 TEXCYCL 0.555 0.005 50 0.555 13.91 1.80 142.2 0.405 0.220 0.335 0.320 0162 WIDAD 0.330 Unch 3452.4 0.329 — — 810.0 0.195 0.125 0.145 0.145 0025 YBS 0.145 -0.005 168.7 0.145 18.13 — 35.1TECHNOLOGY 0.455 0.190 0.250 0.240 0181 AEMULUS 0.245 Unch 244.6 0.244 25.52 0.82 134.5 0.360 0.090 0.115 0.105 0119 APPASIA 0.110 0.005 1885.3 0.111 91.67 — 38.0 0.535 0.130 0.230 0.225 0068 ASDION 0.230 Unch 653.8 0.227 — — 26.7 0.519 0.351 0.410 0.405 0195 BINACOM 0.405 Unch 374.1 0.405 10.00 2.47 105.3 0.484 0.200 0.225 0.220 0191 CABNET 0.220 -0.005 54.6 0.223 9.82 4.32 39.3 0.185 0.098 0.135 0.130 0152 DGB 0.130 -0.005 3880.8 0.135 — — 98.3 0.250 0.080 0.090 0.085 0131 DGSB 0.085 Unch 1064.6 0.085 — — 63.4 0.040 0.010 0.020 0.015 0154 EAH 0.020 Unch 2877.3 0.020 — — 101.4 0.180 0.015 0.030 0.020 0107 EDUSPEC 0.030 0.010 40458.3 0.026 — — 33.1 2.040 1.130 1.910 1.880 0104 GENETEC 1.900 0.020 185.5 1.896 9.33 1.32 79.7 0.100 0.045 — — 0045 GNB 0.055 — — — — — 15.9 0.120 0.020 0.025 0.025 0174 IDMENSN 0.025 Unch 34 0.025 — — 6.8 0.388 0.185 0.235 0.225 0023 IFCAMSC 0.230 -0.005 945.1 0.229 20.72 2.17 139.9 0.120 0.055 0.100 0.090 0094 INIX 0.095 Unch 12067.6 0.095 — — 24.6 0.205 0.115 0.140 0.130 0010 IRIS 0.130 -0.005 3656.8 0.135 — — 385.6 1.030 0.590 0.780 0.780 0146 JFTECH 0.780 Unch 20 0.780 109.86 1.54 163.8 1.612 0.696 1.080 1.040 0127 JHM 1.040 -0.030 874.6 1.047 17.54 1.63 579.9 0.292 0.108 0.245 0.240 0111 K1 0.245 0.005 980.2 0.241 245.00 — 178.6 0.120 0.040 0.045 0.045 0036 KGROUP 0.045 Unch 297.5 0.045 — — 23.4 0.835 0.430 0.660 0.635 0176 KRONO 0.640 Unch 4775.5 0.648 14.13 — 255.2 0.270 0.115 0.140 0.130 0018 LAMBO 0.135 0.005 4985.7 0.135 14.06 — 283.8 0.580 0.310 0.380 0.375 0075 LYC 0.380 -0.020 39.5 0.380 — — 123.4 0.145 0.045 0.050 0.050 0017 M3TECH 0.050 -0.005 55.9 0.050 — — 29.3 0.340 0.205 — — 0155 MGRC 0.255 — — — — — 26.4 0.680 0.335 0.490 0.470 0126 MICROLN 0.490 0.005 21.5 0.478 — — 82.0 0.392 0.190 — — 0112 MIKROMB 0.235 — — — 22.38 4.26 101.3 0.075 0.035 0.050 0.045 0085 MLAB 0.045 -0.005 288.8 0.045 — — 30.2 0.310 0.160 — — 0034 MMAG 0.230 — — — — — 157.0 0.090 0.040 0.050 0.045 0103 MNC 0.050 Unch 60 0.046 — — 23.9 0.225 0.100 0.120 0.115 0156 MPAY 0.115 -0.005 1179.8 0.120 — — 81.7 0.070 0.025 0.030 0.025 0070 MQTECH 0.030 Unch 17.5 0.030 — — 14.9 0.175 0.070 0.075 0.070 0092 MTOUCHE 0.070 -0.005 2208.4 0.070 — — 35.6 1.274 0.623 0.955 0.945 0108 N2N 0.950 -0.010 296.2 0.951 29.97 4.21 568.0 0.045 0.010 0.020 0.015 0020 NETX 0.015 Unch 763.6 0.018 — — 42.0 0.070 0.010 0.020 0.015 0096 NEXGRAM 0.020 Unch 215 0.020 — — 41.4 0.205 0.080 0.125 0.120 0026 NOVAMSC 0.120 Unch 4406.3 0.120 52.17 — 90.2 1.152 0.320 0.735 0.650 0035 OPCOM 0.700 0.050 10690.8 0.706 12.94 4.64 112.9 0.375 0.256 0.340 0.330 0040 OPENSYS 0.335 -0.005 528.6 0.333 10.24 3.73 99.8 0.185 0.040 0.170 0.165 0079 ORION 0.170 Unch 1599.8 0.167 — — 101.8 0.730 0.240 — — 0006 PINEAPP 0.270 — — — 245.4 — 13.1 0.150 0.045 0.070 0.065 0123 PRIVA 0.065 0.005 2012.1 0.065 — — 36.3 1.504 0.474 1.280 1.260 0200 REVENUE 1.260 -0.020 801.5 1.262 36.73 — 280.8 0.729 0.525 0.600 0.600 0106 REXIT 0.600 Unch 66 0.600 13.76 5.00 113.6 0.650 0.230 0.250 0.245 0202 RGTECH 0.250 0.005 1075.2 0.249 22.12 — 131.3 0.345 0.090 0.130 0.130 0178 SEDANIA 0.130 Unch 178.5 0.130 — 7.69 29.4 0.560 0.370 0.510 0.490 0203 SMETRIC 0.495 -0.010 1203.1 0.494 20.04 — 120.6 0.225 0.095 — — 0117 SMRT 0.120 — — — 0.47 — 48.8 0.235 0.055 0.065 0.065 0169 SMTRACK 0.065 Unch 216.2 0.065 — — 9.5 0.230 0.080 0.100 0.100 0093 SOLUTN 0.100 -0.005 20 0.100 — — 30.6 0.340 0.150 0.340 0.305 0129 SRIDGE 0.305 -0.015 9120.8 0.325 20.75 — 41.6 0.345 0.180 0.235 0.230 0050 SYSTECH 0.230 -0.010 22 0.233 41.82 — 80.0 0.145 0.085 0.090 0.085 0132 TDEX 0.090 Unch 2230.1 0.087 — — 53.1 0.210 0.085 0.100 0.100 0145 TFP 0.100 -0.005 115.2 0.100 — — 20.5 0.455 0.200 0.275 0.260 0005 UCREST 0.265 Unch 6151.6 0.267 5.80 — 123.0 0.220 0.130 0.155 0.155 0060 VC 0.155 -0.005 352 0.155 70.45 — 47.3 0.795 0.290 0.490 0.480 0120 VIS 0.485 -0.005 597.8 0.487 10.00 — 82.0 0.092 0.015 0.025 0.020 0069 VIVOCOM 0.020 Unch 4022.4 0.020 — — 113.3 0.175 0.085 0.160 0.155 0066 VSOLAR 0.160 0.005 8475.1 0.160 — — 61.8 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0 0.180 0.100 0.120 0.120 0086 YGL 0.120 0.005 46 0.120 — — 27.9TELECOMMUNICATIONS & MEDIA 0.519 0.351 0.410 0.405 0195 BINACOM 0.405 Unch 374.1 0.405 10.00 2.47 105.3 0.880 0.530 — — 0147 INNITY 0.630 — — — 38.65 — 87.4 0.145 0.045 0.050 0.050 0017 M3TECH 0.050 -0.005 55.9 0.050 — — 29.3 0.090 0.040 0.050 0.045 0103 MNC 0.050 Unch 60 0.046 — — 23.9 0.175 0.070 0.075 0.070 0092 MTOUCHE 0.070 -0.005 2208.4 0.070 — — 35.6 0.070 0.010 0.020 0.015 0096 NEXGRAM 0.020 Unch 215 0.020 — — 41.4 1.152 0.320 0.735 0.650 0035 OPCOM 0.700 0.050 10690.8 0.706 12.94 4.64 112.9 0.150 0.045 0.070 0.065 0123 PRIVA 0.065 0.005 2012.1 0.065 — — 36.3 0.290 0.090 0.100 0.095 0007 PUC 0.095 -0.005 3743.5 0.097 — — 193.2 0.335 0.150 0.200 0.200 0032 REDTONE 0.200 0.005 153.7 0.200 17.54 — 151.6 0.435 0.160 0.230 0.220 0173 REV 0.220 -0.010 102.6 0.225 — — 29.6 0.345 0.090 0.130 0.130 0178 SEDANIA 0.130 Unch 178.5 0.130 — 7.69 29.4 0.340 0.150 0.340 0.305 0129 SRIDGE 0.305 -0.015 9120.8 0.325 20.75 — 41.6 0.110 0.050 0.060 0.055 0165 XOX 0.055 Unch 292.4 0.055 — — 60.1FINANCIAL SERVICES 0.145 0.045 0.060 0.055 0150 FINTEC 0.055 Unch 212 0.056 — — 33.6 0.630 0.455 0.520 0.495 0053 OSKVI 0.520 0.010 0.5 0.500 — 9.62 102.8HEALTH CARE 0.300 0.185 0.195 0.190 0163 CAREPLS 0.190 Unch 532 0.194 — — 101.0 0.210 0.105 0.115 0.115 0182 LKL 0.115 -0.005 342.8 0.115 — 3.04 49.3 0.340 0.205 — — 0155 MGRC 0.255 — — — — — 26.4 0.780 0.280 0.490 0.480 0201 NOVA 0.480 -0.015 272.9 0.486 18.05 3.75 152.5TRANSPORTATION & LOGISTICS 0.135 0.060 0.090 0.090 0048 ANCOMLB 0.090 Unch 2 0.090 — — 42.6 0.285 0.210 0.225 0.220 0080 STRAITS 0.225 0.005 113.7 0.220 24.73 — 126.1 0.559 0.295 0.475 0.475 0199 TRIMODE 0.475 Unch 10 0.475 15.22 2.11 78.9CONSTRUCTION 0.438 0.220 0.265 0.260 0198 GDB 0.265 0.005 1096.7 0.261 5.05 3.77 165.6 0.400 0.235 0.275 0.260 0206 NADIBHD 0.260 -0.015 1565.6 0.266 3.20 — 195.8 0.035 0.010 0.030 0.025 0109 SCBUILD 0.030 Unch 99.7 0.027 21.43 — 26.5PLANTATION 0.105 0.065 0.075 0.070 0189 MATANG 0.070 Unch 430 0.073 46.67 2.86 126.7UTILITIES 0.345 0.199 0.245 0.235 0011 BTECH 0.245 0.015 160.3 0.241 14.85 6.53 61.7

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

MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY 2 8

Bursa Malaysia Equity Derivatives

0.395 0.015 0.060 0.050 70322 A50CHIN-C22 0.050 -0.025 1071 6.649 7.275 10.55 29/03/2019 0.365 0.185 0.310 0.310 70326 A50CHIN-C26 0.310 -0.045 80 6.649 6.132 6.21 25/06/2019 0.185 0.085 0.165 0.165 70328 A50CHIN-C28 0.165 -0.020 17.5 6.649 7.171 15.30 25/06/2019 0.210 0.075 0.190 0.155 70330 A50CHIN-C30 0.160 -0.045 24597 6.649 7.535 16.94 28/06/2019 0.495 0.190 0.440 0.390 70332 A50CHIN-C32 0.395 -0.080 213 6.649 6.496 6.61 28/06/2019 0.725 0.725 — — 70334 A50CHIN-C34 0.725 — — 6.649 5.612 6.22 30/08/2019 0.300 0.020 0.030 0.025 70323 A50CHIN-H23 0.030 0.010 100.8 4.405 5.716 30.79 29/03/2019 0.505 0.170 — — 70327 A50CHIN-H27 0.170 — — 6.649 6.236 -2.38 28/06/2019 0.210 0.045 0.070 0.065 5238WA AAX-WA 0.070 0.005 981.1 0.275 0.460 92.73 08/06/2020 0.110 0.010 — — 2488CX ABMB-CX 0.010 — — 4.160 4.280 4.33 27/02/2019 0.110 0.015 — — 6599CN AEON-CN 0.015 — — 1.520 2.500 68.42 28/02/2019 0.175 0.035 0.045 0.045 6599CO AEON-CO 0.045 Unch 100 1.520 1.650 14.47 31/07/2019 0.130 0.050 — — 6599CP AEON-CP 0.050 — — 1.520 1.700 21.71 30/05/2019 0.120 0.010 0.015 0.010 7315WB AHB-WB 0.015 Unch 1288.6 0.140 0.200 53.57 28/08/2019 0.200 0.025 — — 509959 AIRASIAC59 0.025 — — 3.050 4.516 50.19 30/04/2019 0.150 0.010 0.010 0.010 509965 AIRASIAC65 0.010 -0.010 1849.3 1.535 3.126 105.37 28/02/2019 0.270 0.035 0.205 0.205 509967 AIRASIAC67 0.205 0.005 30 3.050 2.605 2.93 30/04/2019 0.175 0.020 0.040 0.040 509968 AIRASIAC68 0.040 -0.005 200 3.050 3.387 14.91 29/03/2019 0.135 0.025 0.095 0.095 509969 AIRASIAC69 0.095 -0.010 250 3.050 2.953 5.73 29/03/2019 0.180 0.030 0.155 0.150 509971 AIRASIAC71 0.150 -0.010 310.8 3.050 2.822 5.35 31/07/2019 0.280 0.085 0.250 0.250 509972 AIRASIAC72 0.250 -0.005 210 3.050 2.518 7.48 28/06/2019 0.325 0.130 0.295 0.290 509973 AIRASIAC73 0.290 -0.010 111.4 3.050 2.432 4.50 20/05/2019 0.440 0.180 0.385 0.380 509974 AIRASIAC74 0.380 -0.020 200 3.050 2.171 3.64 28/06/2019 0.215 0.135 0.190 0.190 509975 AIRASIAC75 0.190 -0.005 180 3.050 2.692 9.91 13/06/2019 0.120 0.105 0.105 0.105 509976 AIRASIAC76 0.105 -0.005 200 3.050 3.050 17.21 31/07/2019 0.150 0.125 0.125 0.125 509977 AIRASIAC77 0.125 -0.005 4500 3.050 3.400 22.54 31/07/2019 0.130 0.025 — — 5014C2 AIRPORT-C2 0.025 — — 7.940 10.200 31.61 26/03/2019 0.105 0.050 0.060 0.050 5014C4 AIRPORT-C4 0.060 0.010 36 7.940 8.350 11.96 30/09/2019 0.145 0.075 0.080 0.075 5014C5 AIRPORT-C5 0.075 -0.005 219.6 7.940 9.300 23.27 28/06/2019 0.205 0.135 — — 5014C6 AIRPORT-C6 0.140 — — 7.940 8.300 20.40 23/10/2019 0.165 0.110 0.110 0.110 5014C7 AIRPORT-C7 0.110 Unch 0.4 7.940 8.180 14.11 28/06/2019 0.185 0.085 — — 7609WA AJIYA-WA 0.115 — — 0.555 0.920 86.49 28/08/2021 0.235 0.050 0.180 0.170 101510 AMBANK-C10 0.170 -0.010 92.1 4.430 4.200 4.40 31/05/2019 0.210 0.160 — — 101511 AMBANK-C11 0.180 — — 4.430 4.100 8.80 31/05/2019 0.185 0.110 0.135 0.135 101512 AMBANK-C12 0.135 -0.005 96.3 4.430 4.250 8.13 30/05/2019 0.115 0.095 — — 101513 AMBANK-C13 0.095 — — 4.430 5.000 20.37 31/07/2019 0.035 0.005 — — 9342WA ANZO-WA 0.005 — — 0.045 0.250 466.67 19/11/2019 0.045 0.015 0.025 0.025 9342WB ANZO-WB 0.025 0.005 48 0.045 0.250 511.11 25/08/2023 0.035 0.005 0.005 0.005 9342WC ANZO-WC 0.005 -0.005 1000 0.045 0.200 355.56 18/06/2020 0.255 0.030 0.055 0.050 0119WA APPASIA-WA 0.055 0.005 424 0.110 0.130 68.18 23/12/2024 0.110 0.005 — — 521046 ARMADA-C46 0.005 — — 0.235 0.650 178.72 28/06/2019 0.025 0.005 — — 521047 ARMADA-C47 0.005 — — 0.235 0.700 200.64 30/04/2019 0.030 0.005 0.010 0.005 521048 ARMADA-C48 0.005 -0.005 1070.1 0.235 0.555 140.43 30/05/2019 0.045 0.010 0.020 0.020 521049 ARMADA-C49 0.020 Unch 7300 0.235 0.500 129.79 17/06/2019 0.150 0.005 0.040 0.035 521050 ARMADA-C50 0.035 -0.005 2192.8 0.235 0.400 97.02 28/06/2019 0.170 0.005 — — 0068WB ASDION-WB 0.005 — — 0.230 0.500 119.57 24/03/2019 0.085 0.035 — — 4057WB ASIAPAC-WB 0.050 — — 0.120 0.250 150.00 25/05/2022 0.070 0.020 0.035 0.030 0105WB ASIAPLY-WB 0.035 0.005 566.8 0.085 0.100 58.82 12/12/2022 0.170 0.080 — — 639910 ASTRO-C10 0.130 — — 1.600 1.500 14.06 25/06/2019 0.150 0.070 0.120 0.120 639911 ASTRO-C11 0.120 0.005 38.3 1.600 1.600 22.50 17/06/2019 0.130 0.050 0.105 0.105 639912 ASTRO-C12 0.105 0.005 70 1.600 1.500 13.44 31/05/2019 0.040 0.005 — — 0072WB AT-WB 0.005 — — 0.050 0.090 90.00 17/10/2019 0.250 0.140 0.195 0.180 7579WA AWC-WA 0.185 -0.010 2309.9 0.685 0.880 55.47 25/12/2023 0.155 0.010 — — 688828 AXIATA-C28 0.015 — — 3.940 4.750 22.08 31/05/2019 0.200 0.135 0.155 0.155 688833 AXIATA-C33 0.155 Unch 270 3.940 3.600 11.04 28/06/2019 0.180 0.095 0.145 0.140 688834 AXIATA-C34 0.140 -0.005 0.4 3.940 3.450 5.33 30/08/2019 0.180 0.115 0.135 0.135 688835 AXIATA-C35 0.135 0.010 0.4 3.940 4.200 20.30 17/06/2019 0.195 0.145 0.165 0.165 688836 AXIATA-C36 0.165 Unch 903.7 3.940 3.750 18.21 23/10/2019 0.348 0.085 0.165 0.160 7078WA AZRB-WA 0.160 Unch 484.1 0.390 0.630 102.56 13/05/2024 0.550 0.170 0.320 0.305 0098WA BAHVEST-WA 0.310 Unch 418.8 0.510 0.430 45.10 20/08/2024 0.270 0.075 — — 4162CM BAT-CM 0.155 — — 36.420 32.500 2.00 29/03/2019 0.225 0.190 — — 4162CN BAT-CN 0.195 — — 36.420 40.000 28.57 23/10/2019 0.110 0.070 0.090 0.085 5248C1 BAUTO-C1 0.090 -0.005 270.2 2.230 2.200 10.76 31/05/2019 0.215 0.140 — — 5248CZ BAUTO-CZ 0.190 — — 2.230 2.000 6.73 25/06/2019 0.295 0.115 0.280 0.270 5258WA BIMB-WA 0.280 Unch 990.7 4.180 4.720 19.62 04/12/2023 0.100 0.025 — — 6998WA BINTAI-WA 0.055 — — 0.135 0.200 88.89 15/06/2020 0.150 0.075 0.095 0.090 0179WA BIOHLDG-WA 0.095 0.005 625 0.210 0.220 50.00 05/01/2022 0.150 0.045 0.060 0.055 3239WB BJASSET-WB 0.060 0.005 479.7 0.305 0.350 34.43 10/06/2023 0.240 0.020 — — 339510 BJCORP-C10 0.025 — — 0.280 0.350 34.82 30/04/2019 0.100 0.035 — — 3395WB BJCORP-WB 0.050 — — 0.280 1.000 275.00 22/04/2022 0.140 0.060 0.080 0.080 3395WC BJCORP-WC 0.080 Unch 1537.5 0.280 1.000 285.71 29/05/2026 0.100 0.065 — — 1562CW BJTOTO-CW 0.070 — — 2.300 2.400 13.48 28/06/2019 0.070 0.070 — — 1562CX BJTOTO-CX 0.070 — — 2.300 2.450 15.65 23/10/2019 0.040 0.010 0.020 0.015 7036WC BORNOIL-WC 0.020 Unch 226 0.045 0.070 100.00 08/11/2025 0.045 0.015 0.020 0.020 7036WD BORNOIL-WD 0.020 Unch 10 0.045 0.070 100.00 29/05/2027 0.155 0.115 — — 181821 BURSA-C21 0.135 — — 7.090 7.500 17.21 23/10/2019 0.120 0.080 0.095 0.090 181822 BURSA-C22 0.090 -0.020 174.8 7.090 7.700 16.22 30/08/2019 0.120 0.030 — — 0191WA CABNET-WA 0.050 — — 0.220 0.500 150.00 02/07/2021 0.830 0.300 0.440 0.420 7174WA CAB-WA 0.440 0.030 34 0.620 0.170 -1.61 08/02/2020 0.925 0.370 — — 7154WA CAELY-WA 0.600 — — 1.010 0.380 -2.97 22/04/2021 0.255 0.015 0.025 0.025 7076WA CBIP-WA 0.025 Unch 378 1.090 2.400 122.48 06/11/2019 0.330 0.070 0.150 0.135 7035WA CCK-WA 0.140 Unch 6808.9 0.560 0.900 85.71 18/06/2023 0.110 0.005 0.010 0.010 5195WB CENSOF-WB 0.010 Unch 575 0.155 0.460 203.23 07/10/2019 0.285 0.150 — — 7187WA CHGP-WA 0.205 — — 0.350 0.200 15.71 07/07/2023 0.500 0.280 0.460 0.430 5738WB CHHB-WB 0.460 0.030 27.7 1.490 1.200 11.41 20/12/2023 0.155 0.050 — — 102338 CIMB-C38 0.050 — — 5.700 5.900 9.65 27/02/2019 0.130 0.055 0.055 0.055 102342 CIMB-C42 0.055 Unch 1 5.700 6.380 17.72 31/05/2019 0.145 0.075 — — 102344 CIMB-C44 0.080 — — 5.700 6.500 21.05 20/05/2019 0.170 0.110 0.115 0.110 102345 CIMB-C45 0.110 -0.005 255 5.700 5.700 11.58 28/06/2019 0.145 0.130 0.130 0.130 102346 CIMB-C46 0.130 -0.010 0.4 5.700 6.000 15.53 30/08/2019 0.045 0.025 0.030 0.025 7018WA CME-WA 0.030 -0.005 150.1 0.040 0.010 0.00 01/05/2028 0.145 0.040 — — 285213 CMSB-C13 0.085 — — 3.000 3.650 33.00 01/03/2019 0.505 0.190 0.205 0.190 8125WB DAIBOCI-WB 0.205 -0.005 1.6 1.600 2.500 69.06 19/06/2022 0.340 0.100 0.260 0.240 5276WA DANCO-WA 0.250 -0.005 429 0.510 0.300 7.84 22/05/2022 0.020 0.005 — — 7179WB DBE-WB 0.010 — — 0.030 0.050 100.00 22/01/2022 0.160 0.030 0.085 0.075 3484WA DBHD-WA 0.080 -0.005 311 0.390 0.580 69.23 27/11/2020 0.075 0.030 — — 0152WB DGB-WB 0.040 — — 0.130 0.120 23.08 27/06/2021 0.200 0.010 0.035 0.010 727733 DIALOG-C33 0.025 0.010 966.2 3.150 3.400 9.92 29/03/2019 0.115 0.005 — — 727735 DIALOG-C35 0.005 — — 0.377 4.000 965.65 29/03/2019 0.125 0.040 0.055 0.050 727736 DIALOG-C36 0.055 0.005 400 3.150 3.550 21.43 28/06/2019 0.145 0.025 0.060 0.040 727737 DIALOG-C37 0.055 0.020 352.3 3.150 3.500 16.35 31/07/2019 0.035 0.025 — — 727738 DIALOG-C38 0.025 — — 3.150 3.800 23.41 30/05/2019 0.135 0.035 0.065 0.055 727739 DIALOG-C39 0.055 0.015 3026.8 3.150 3.500 17.22 20/05/2019 0.220 0.075 0.130 0.105 727740 DIALOG-C40 0.115 0.025 2681.5 3.150 3.300 14.98 28/06/2019 0.125 0.070 0.120 0.100 727741 DIALOG-C41 0.105 0.025 10020.6 3.150 3.250 14.84 25/06/2019 0.150 0.025 0.050 0.050 694724 DIGI-C24 0.050 0.005 0.6 4.610 4.750 6.29 31/05/2019 0.185 0.085 — — 694725 DIGI-C25 0.105 — — 4.610 4.700 11.06 31/05/2019 0.145 0.100 0.125 0.125 694726 DIGI-C26 0.125 0.005 199.9 4.610 4.500 8.46 25/06/2019 0.145 0.110 — — 694727 DIGI-C27 0.135 — — 4.610 4.880 16.11 17/06/2019 0.190 0.055 0.095 0.085 4456WD DNEX-WD 0.090 Unch 4774.9 0.305 0.500 93.44 30/07/2021 0.055 0.015 0.035 0.030 5265WA DOLPHIN-WA 0.030 Unch 159 0.130 0.800 538.46 29/03/2021 0.055 0.015 0.025 0.025 7198WB DPS-WB 0.025 Unch 1 0.065 0.100 92.31 15/01/2025 0.215 0.020 — — 161959 DRBHCOMC59 0.030 — — 1.740 2.000 21.84 27/02/2019 0.265 0.020 0.030 0.025 161960 DRBHCOMC60 0.030 0.010 959.3 1.740 1.950 17.24 30/04/2019 0.015 0.002 — — 161961 DRBHCOMC61 0.005 — — 0.156 2.700 1,640 18/02/2019 0.195 0.005 0.005 0.005 161962 DRBHCOMC62 0.005 Unch 10 0.430 2.650 519.77 29/03/2019 0.155 0.050 — — 161963 DRBHCOMC63 0.055 — — 1.740 2.500 57.90 26/03/2019 0.160 0.005 0.005 0.005 161964 DRBHCOMC64 0.005 Unch 166 0.830 2.400 190.96 31/05/2019 0.090 0.005 — — 161966 DRBHCOMC66 0.005 — — 0.865 3.000 248.73 30/04/2019 0.140 0.015 0.020 0.015 161967 DRBHCOMC67 0.020 0.005 133 1.740 2.180 28.74 15/04/2019 0.185 0.070 0.090 0.075 161968 DRBHCOMC68 0.080 0.010 4949.1 1.740 1.900 24.37 28/06/2019 0.125 0.120 0.125 0.120 161969 DRBHCOMC69 0.120 -0.030 2748.3 1.740 1.750 24.71 30/08/2019 0.130 0.095 0.130 0.105 161970 DRBHCOMC70 0.125 0.015 2938.6 1.740 1.800 17.82 31/10/2019 0.300 0.050 0.090 0.085 5216WA DSONIC-WA 0.090 Unch 723 0.490 1.090 140.82 05/07/2023 0.120 0.035 0.040 0.040 3557WC ECOFIRS-WC 0.040 -0.010 81 0.300 0.300 13.33 10/09/2019 0.310 0.070 0.125 0.115 5253WA ECONBHD-WA 0.120 -0.005 887.9 0.460 1.250 197.83 02/01/2023 0.035 0.030 — — 8206CS ECOWLD-CS 0.035 — — 0.925 1.500 71.24 30/04/2019 0.350 0.165 0.210 0.200 8206WA ECOWLD-WA 0.210 0.005 95 0.925 2.080 147.57 26/03/2022 0.150 0.030 0.055 0.050 7471WB EDEN-WB 0.050 Unch 2364.2 0.120 0.300 191.67 13/08/2021 1.030 0.110 0.190 0.170 0065WA EFORCE-WA 0.180 -0.005 886.6 0.525 0.340 -0.95 17/07/2019 0.355 0.130 0.155 0.150 8907WC EG-WC 0.150 0.005 192 0.470 0.500 38.30 03/11/2020 0.075 0.035 0.055 0.055 8877CT EKOVEST-CT 0.055 -0.005 950 0.545 0.500 11.93 30/04/2019 0.660 0.045 0.090 0.080 8877WB EKOVEST-WB 0.085 -0.005 2528.1 0.545 0.480 3.67 25/06/2019 0.340 0.100 0.150 0.140 5283WA EWINT-WA 0.140 -0.005 431 0.750 1.450 112.00 02/04/2022 0.455 0.030 0.055 0.045 7047WB FAJAR-WB 0.045 Unch 3791.2 0.385 0.700 93.51 24/09/2019 0.365 0.160 0.160 0.160 06505M FBMKLCI-C5M 0.160 Unch 45 1,688 1,770 7.65 30/04/2019 0.545 0.390 0.395 0.395 06505Q FBMKLCI-C5Q 0.395 Unch 100 1,688 1,650 4.72 31/05/2019 0.080 0.060 0.060 0.060 06505R FBMKLCI-C5R 0.060 -0.005 1 1,688 1,690 2.56 31/07/2019 0.345 0.300 0.300 0.300 06505T FBMKLCI-C5T 0.300 -0.030 11 1,688 1,710 6.59 31/07/2019 0.225 0.070 0.135 0.135 06506H FBMKLCI-H6H 0.135 Unch 12 1,688 1,780 11.00 28/02/2019 0.495 0.260 0.275 0.270 06506J FBMKLCI-H6J 0.270 -0.015 380 1,688 1,760 9.01 28/02/2019 0.185 0.105 0.130 0.130 06506L FBMKLCI-H6L 0.130 Unch 41 1,688 1,788 13.57 31/05/2019 0.190 0.065 0.080 0.070 06506P FBMKLCI-H6P 0.080 0.005 854.5 1,688 1,680 2.80 31/05/2019 0.435 0.295 0.295 0.295 06506R FBMKLCI-H6R 0.295 -0.020 10 1,688 1,610 0.58 31/05/2019 0.115 0.095 0.110 0.110 06506T FBMKLCI-H6T 0.110 -0.005 100 1,688 1,690 4.63 31/07/2019

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

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

0.295 0.295 0.295 0.295 06506U FBMKLCI-H6U 0.295 -0.005 10 1,688 1,560 -2.38 31/07/2019 0.100 0.003 0.010 0.005 522255 FGV-C55 0.010 Unch 101 1.130 1.500 34.51 30/04/2019 0.120 0.005 0.035 0.035 522261 FGV-C61 0.035 Unch 30 1.130 1.350 28.76 30/04/2019 0.100 0.030 0.100 0.085 522262 FGV-C62 0.090 Unch 693.9 1.130 1.200 30.09 23/10/2019 0.180 0.040 0.180 0.160 522263 FGV-C63 0.170 0.005 24693.1 1.130 0.950 11.15 28/06/2019 0.240 0.120 0.240 0.220 522264 FGV-C64 0.225 Unch 7774.4 1.130 0.780 8.85 30/08/2019 0.195 0.110 0.195 0.175 522265 FGV-C65 0.180 Unch 3679.3 1.130 0.950 12.74 02/08/2019 0.290 0.185 0.290 0.275 522266 FGV-C66 0.285 0.005 235 1.130 0.800 8.63 31/07/2019 0.425 0.220 0.425 0.375 522267 FGV-C67 0.390 Unch 627.7 1.130 0.800 5.31 31/10/2019 0.060 0.020 0.020 0.020 0150WB FINTEC-WB 0.020 Unch 6 0.055 0.150 209.09 03/12/2022 0.090 0.015 0.045 0.040 9318WB FITTERS-WB 0.045 Unch 568.5 0.475 1.000 120.00 12/10/2019 0.405 0.075 0.120 0.120 9261WB GADANG-WB 0.120 Unch 322 0.585 1.060 101.71 29/11/2021 0.105 0.050 0.075 0.075 539858 GAMUDA-C58 0.075 Unch 20 2.790 2.800 16.49 30/04/2019 0.130 0.065 0.105 0.105 539860 GAMUDA-C60 0.105 Unch 1500 2.790 2.880 22.04 17/06/2019 0.105 0.045 0.090 0.085 539861 GAMUDA-C61 0.090 Unch 393.6 2.790 3.200 27.60 31/05/2019 1.250 0.125 0.255 0.250 5398WE GAMUDA-WE 0.250 0.005 1171.8 2.790 4.050 54.12 06/03/2021 0.410 0.135 0.275 0.260 5226WB GBGAQRS-WB 0.265 -0.010 1854.3 1.020 1.120 35.78 26/09/2023 0.285 0.175 0.255 0.250 5102CA GCB-CA 0.255 Unch 377.5 3.450 2.800 10.72 30/08/2019 0.415 0.035 0.055 0.045 0078WB GDEX-WB 0.055 Unch 959.1 0.315 0.383 38.89 05/02/2020 0.085 0.005 0.005 0.005 471541 GENM-C41 0.005 Unch 60 1.600 5.050 217.19 31/07/2019 0.125 0.030 0.040 0.040 471542 GENM-C42 0.040 -0.005 50 3.340 4.600 43.11 28/06/2019 0.085 0.040 0.055 0.055 471543 GENM-C43 0.055 0.005 1 3.340 3.900 25.00 25/06/2019 0.085 0.050 0.065 0.065 471544 GENM-C44 0.065 -0.005 48 3.340 4.000 29.49 28/06/2019 0.150 0.100 0.135 0.130 471546 GENM-C46 0.135 Unch 1742.7 3.340 3.400 22.01 31/07/2019 0.135 0.105 0.120 0.120 471548 GENM-C48 0.120 Unch 50.4 3.340 3.180 14.97 02/08/2019 0.215 0.170 0.190 0.190 471549 GENM-C49 0.190 Unch 950 3.340 3.100 15.57 31/07/2019 0.175 0.145 0.170 0.170 471550 GENM-C50 0.170 0.010 130.2 3.340 3.150 9.58 31/10/2019 2.650 1.490 2.600 2.550 2291WA GENP-WA 2.580 0.080 20.9 10.500 7.750 -1.62 17/06/2019 0.175 0.010 0.130 0.130 318257 GENTINGC57 0.130 -0.005 660 7.100 7.700 17.61 28/06/2019 0.105 0.025 0.080 0.080 318258 GENTINGC58 0.080 -0.005 105 7.100 7.250 10.00 30/09/2019 0.130 0.090 0.125 0.125 318259 GENTINGC59 0.125 -0.005 600 7.100 7.200 11.97 25/06/2019 0.165 0.085 0.155 0.155 318260 GENTINGC60 0.155 -0.005 0.4 7.100 7.180 13.13 28/06/2019 0.160 0.065 0.140 0.140 318261 GENTINGC61 0.140 -0.005 150 7.100 6.600 6.76 13/06/2019 0.225 0.120 0.225 0.210 0039WC GFM-WC 0.215 -0.005 2978.2 0.515 0.380 15.53 28/01/2022 0.170 0.050 0.085 0.085 5220WA GLOTEC-WA 0.085 0.005 95.1 0.495 0.720 62.63 19/12/2021 0.050 0.005 0.005 0.005 0074WA GOCEAN-WA 0.005 Unch 100 0.105 0.340 228.57 07/08/2019 0.130 0.050 0.115 0.100 0082WB GPACKET-WB 0.105 -0.005 10037.9 0.415 0.400 21.69 24/11/2023 0.040 0.015 0.020 0.020 7096WA GPA-WA 0.020 -0.005 30 0.085 0.100 41.18 03/06/2025 0.130 0.055 0.130 0.130 7022CV GTRONIC-CV 0.130 0.005 188.2 2.070 2.000 21.74 23/10/2019 0.170 0.040 0.060 0.060 7676WB GUNUNG-WB 0.060 -0.005 94.8 0.350 0.400 31.43 02/10/2020 0.100 0.010 0.015 0.010 516818 HARTA-C18 0.015 Unch 102.9 5.430 7.000 30.85 31/07/2019 0.120 0.080 0.090 0.090 516819 HARTA-C19 0.090 -0.005 18 5.430 6.500 31.31 30/08/2019 0.170 0.125 0.130 0.125 516820 HARTA-C20 0.125 Unch 735.8 5.430 5.800 20.63 31/07/2019 0.105 0.035 0.040 0.040 4324C6 HENGYUAN-C6 0.040 0.005 151 5.210 6.850 42.99 30/05/2019 0.780 0.350 0.400 0.385 5095WB HEVEA-WB 0.385 -0.090 40 0.650 0.250 -2.31 28/02/2020 0.305 0.060 0.090 0.085 5072WB HIAPTEK-WB 0.085 -0.005 665 0.300 0.500 95.00 23/06/2021 0.195 0.020 0.040 0.035 5199CJ HIBISCS-CJ 0.035 0.005 474.6 1.070 1.000 1.64 27/02/2019 0.195 0.015 0.050 0.045 5199CL HIBISCS-CL 0.045 Unch 2158.6 1.070 0.980 2.10 01/03/2019 0.245 0.050 0.115 0.105 5199CM HIBISCS-CM 0.105 Unch 450 1.070 1.100 22.43 28/06/2019 0.125 0.040 0.090 0.085 5199CN HIBISCS-CN 0.085 Unch 3381.5 1.070 1.100 22.66 25/06/2019 0.130 0.050 0.095 0.095 5199CO HIBISCS-CO 0.095 0.015 1020 1.070 1.200 34.35 27/08/2019 0.070 0.035 0.070 0.070 5199CP HIBISCS-CP 0.070 0.005 400 1.070 1.200 28.50 13/06/2019 0.145 0.105 0.145 0.135 5199CQ HIBISCS-CQ 0.135 -0.005 1320.5 1.070 0.900 15.65 30/08/2019 0.135 0.095 0.135 0.125 5199CR HIBISCS-CR 0.125 Unch 18583.9 1.070 1.080 24.30 02/08/2019 0.120 0.095 0.120 0.120 5199CS HIBISCS-CS 0.120 0.005 900 1.070 1.180 32.71 31/07/2019 0.665 0.200 0.535 0.515 5199WC HIBISCS-WC 0.515 -0.005 13677.3 1.070 1.000 41.59 19/03/2021 0.700 0.140 0.200 0.195 0185WA HSSEB-WA 0.195 Unch 25 1.010 1.700 87.62 15/03/2023 0.075 0.005 0.005 0.005 7013WB HUBLINE-WB 0.005 -0.005 26.9 0.055 0.200 272.73 20/12/2020 0.025 0.010 0.020 0.020 7013WC HUBLINE-WC 0.020 -0.005 300 0.055 0.055 36.36 17/12/2023 1.000 0.100 0.420 0.420 9687WB IDEAL-WB 0.420 Unch 20 1.210 1.000 17.36 30/03/2021 0.155 0.060 0.115 0.110 522510 IHH-C10 0.110 -0.005 290 5.610 5.400 8.02 28/06/2019 0.175 0.045 0.065 0.065 333620 IJM-C20 0.065 -0.005 600 1.820 1.880 14.01 29/03/2019 0.130 0.105 0.120 0.120 333624 IJM-C24 0.120 -0.010 0.4 1.820 1.880 23.08 02/08/2019 0.105 0.020 0.060 0.060 16626 INARI-C26 0.060 0.005 113 1.690 1.850 20.12 30/09/2019 0.120 0.025 0.060 0.060 16627 INARI-C27 0.060 Unch 1550 1.690 1.900 23.79 28/06/2019 0.105 0.050 0.100 0.095 16629 INARI-C29 0.095 Unch 2 1.690 1.900 29.29 28/06/2019 0.155 0.095 0.155 0.150 16631 INARI-C31 0.155 0.005 2600.4 1.690 1.280 7.84 02/08/2019 0.170 0.105 0.170 0.165 16632 INARI-C32 0.170 0.005 2000 1.690 1.500 16.92 31/07/2019 0.110 0.090 0.110 0.110 16634 INARI-C34 0.110 Unch 2800 1.690 1.500 14.79 31/07/2019 2.010 0.710 1.160 1.140 0166WB INARI-WB 1.150 0.020 245.3 1.690 0.533 -0.40 17/02/2020 0.070 0.020 0.025 0.025 0094WA INIX-WA 0.025 -0.005 65 0.095 0.100 31.58 16/11/2020 0.310 0.040 0.130 0.115 3379WB INSAS-WB 0.115 -0.005 1586.1 0.870 1.000 28.16 25/02/2020 0.110 0.035 0.075 0.075 196119 IOICORP-C19 0.075 0.010 30.7 4.600 4.550 3.80 31/05/2019 0.155 0.005 0.005 0.005 8834WB IREKA-WB 0.005 -0.005 100 0.280 1.000 258.93 25/06/2019 0.105 0.005 0.010 0.005 7183WA IRETEX-WA 0.005 -0.005 290 0.125 0.800 544.00 10/06/2019 0.035 0.005 0.005 0.005 0024WA JAG-WA 0.005 Unch 300 0.080 0.100 31.25 14/08/2019 0.030 0.005 0.015 0.015 0024WB JAG-WB 0.015 -0.005 1298.3 0.080 0.150 106.25 15/11/2020 0.355 0.150 0.330 0.320 4723WB JAKS-WB 0.320 Unch 322.8 0.550 0.640 74.55 13/12/2023 0.110 0.050 0.105 0.100 0111WC K1-WC 0.100 -0.010 625.4 0.245 0.300 63.27 30/12/2021 0.080 0.015 0.025 0.015 0170WA KANGER-WA 0.020 Unch 522.8 0.050 0.100 140.00 13/04/2020 0.040 0.015 0.025 0.020 3115WC KBUNAI-WC 0.025 Unch 9173.2 0.105 0.131 48.57 20/10/2023 0.030 0.010 0.020 0.010 7161CJ KERJAYA-CJ 0.015 -0.005 12.3 1.270 1.550 25.59 04/04/2019 0.765 0.200 0.750 0.735 0151WA KGB-WA 0.740 0.005 630 1.260 0.500 -1.59 12/06/2019 0.640 0.210 0.300 0.300 5171WA KIMLUN-WA 0.300 Unch 18 1.160 1.680 70.69 12/03/2024 0.605 0.160 0.275 0.270 5027WB KMLOONG-WB 0.275 -0.060 13 1.280 1.400 30.86 10/04/2025 0.065 0.010 0.025 0.020 7164WB KNM-WB 0.025 0.005 824 0.115 1.000 791.30 21/04/2020 0.095 0.010 0.040 0.030 7017WB KOMARK-WB 0.030 -0.010 803.1 0.200 0.230 30.00 21/01/2020 0.085 0.010 0.015 0.015 5172WA KSTAR-WA 0.015 Unch 6.1 0.085 0.080 11.76 10/04/2021 0.780 0.125 0.215 0.200 9385WA LAYHONG-WA 0.205 Unch 5648 0.450 0.400 34.44 13/10/2021 0.560 0.200 0.245 0.235 5789WB LBS-WB 0.240 -0.005 45 0.690 0.560 15.94 04/10/2020 0.157 0.039 0.065 0.055 7126WA LONBISC-WA 0.055 -0.010 238.9 0.570 0.800 50.00 26/01/2020 0.400 0.160 0.200 0.200 7617WB MAGNA-WB 0.200 0.005 18 0.915 0.900 20.22 04/09/2020 0.125 0.010 0.025 0.020 8583WC MAHSING-WC 0.020 Unch 404.1 0.955 2.100 121.99 21/02/2020 0.080 0.020 0.020 0.020 526416 MALAKOFC16 0.020 Unch 50 0.855 0.950 14.62 29/03/2019 0.105 0.040 0.045 0.045 526418 MALAKOFC18 0.045 Unch 2170 0.855 0.900 13.16 25/06/2019 0.340 0.105 0.175 0.170 5236WA MATRIX-WA 0.175 Unch 42.8 2.000 2.400 28.75 20/07/2020 0.180 0.080 0.090 0.080 115543 MAYBANKC43 0.085 -0.015 140 9.470 9.000 1.32 30/04/2019 0.115 0.035 0.035 0.035 115547 MAYBANKC47 0.035 -0.005 2600 9.470 10.300 11.72 24/04/2019 0.155 0.120 0.125 0.120 115549 MAYBANKC49 0.120 -0.005 3725 9.470 9.500 8.55 31/07/2019 0.135 0.105 0.115 0.105 115550 MAYBANKC50 0.110 -0.005 3650 9.470 9.200 5.28 25/06/2019 0.150 0.110 0.110 0.110 115551 MAYBANKC51 0.110 -0.010 700.4 9.470 9.500 7.87 28/06/2019 0.075 0.005 0.005 0.005 117114 MBSB-C14 0.005 Unch 77 1.020 1.250 24.02 28/02/2019 0.160 0.060 0.065 0.060 0081WA MEGASUN-WA 0.065 0.005 35 0.170 0.100 -2.94 29/04/2019 0.165 0.050 0.080 0.080 7234WA MESB-WA 0.080 Unch 188 0.255 0.300 49.02 27/12/2022 1.940 1.010 1.800 1.740 3069WA MFCB-WA 1.780 -0.030 82.7 3.910 2.220 2.30 08/04/2020 0.215 0.125 0.210 0.195 3662WC MFLOUR-WC 0.200 -0.010 4037.9 0.565 0.680 55.75 23/01/2024 0.060 0.010 0.015 0.015 518613 MHB-C13 0.015 Unch 200 0.695 0.800 20.07 29/03/2019 0.185 0.150 0.180 0.180 5286CD MI-CD 0.180 -0.005 200 2.440 2.250 25.41 26/11/2019 0.106 0.035 0.080 0.075 5576WC MINHO-WC 0.075 -0.010 35 0.285 0.320 38.60 02/08/2021 0.210 0.050 0.080 0.075 9571WE MITRA-WE 0.080 0.005 61.5 0.320 0.940 218.75 17/04/2023 0.045 0.005 0.015 0.010 0085WA MLAB-WA 0.010 -0.005 922.3 0.045 0.090 122.22 24/04/2020 0.035 0.005 0.010 0.005 0085WB MLAB-WB 0.010 Unch 8 0.045 0.150 255.56 10/09/2020 0.035 0.005 0.010 0.010 0070WA MQTECH-WA 0.010 Unch 1100 0.030 0.100 266.67 21/11/2021 0.115 0.035 0.045 0.045 165136 MRCB-C36 0.045 Unch 500 0.725 0.750 15.86 04/04/2019 0.140 0.045 0.070 0.065 165137 MRCB-C37 0.070 Unch 345.1 0.725 0.700 15.86 30/04/2019 0.105 0.085 0.105 0.105 165139 MRCB-C39 0.105 Unch 2090.4 0.725 0.630 15.86 02/08/2019 0.375 0.180 0.245 0.240 1651WB MRCB-WB 0.245 Unch 400.4 0.725 1.250 106.21 29/10/2027 0.085 0.015 0.015 0.015 0092WC MTOUCHE-WC 0.015 Unch 65 0.070 0.200 207.14 02/11/2020 0.470 0.060 0.100 0.100 13844 MYEG-C44 0.100 0.015 20 1.030 1.000 16.50 29/03/2019 0.135 0.005 0.005 0.005 13851 MYEG-C51 0.005 -0.010 250 1.030 1.950 91.26 24/04/2019 0.135 0.050 0.080 0.070 13855 MYEG-C55 0.070 -0.005 13439.4 1.030 1.200 36.89 28/06/2019 0.315 0.230 0.260 0.250 13856 MYEG-C56 0.250 Unch 1072 1.030 0.950 28.64 31/07/2019 0.165 0.110 0.130 0.120 13857 MYEG-C57 0.120 -0.005 4511.6 1.030 1.000 26.21 30/08/2019 0.090 0.065 0.080 0.075 13858 MYEG-C58 0.075 Unch 3068.2 1.030 1.200 38.35 02/08/2019 0.305 0.235 0.275 0.275 0108WB N2N-WB 0.275 -0.005 48.5 0.950 0.830 16.32 08/01/2024 0.025 0.005 0.005 0.005 0020WB NETX-WB 0.005 Unch 300 0.015 0.050 266.67 08/06/2019 0.025 0.005 0.005 0.005 0096WB NEXGRAM-WB 0.005 Unch 300 0.020 0.260 1,225 21/07/2023 0.030 0.005 0.005 0.005 0096WC NEXGRAM-WC 0.005 Unch 100 0.020 0.100 425.00 15/01/2024 0.335 0.050 0.215 0.190 7241WA NGGB-WA 0.195 -0.015 2396.9 0.500 0.600 59.00 18/10/2020 0.020 0.010 0.020 0.010 7139WB NICE-WB 0.010 -0.005 10307.3 0.045 0.060 55.56 22/01/2024 0.410 0.200 0.275 0.265 0083WC NOTION-WC 0.270 Unch 120.5 0.625 0.840 77.60 14/03/2023 0.265 0.065 0.105 0.100 0172WA OCK-WA 0.105 Unch 1382.9 0.560 0.710 45.54 15/12/2020 0.145 0.025 0.030 0.030 7071WC OCR-WC 0.030 -0.005 25.1 0.270 0.500 96.30 24/07/2021 0.095 0.015 0.090 0.080 0079WA ORION-WA 0.080 -0.005 2202.3 0.170 0.170 47.06 26/07/2022 0.210 0.035 0.055 0.050 5053WC OSK-WC 0.055 Unch 484.5 0.950 1.200 32.11 22/07/2020 0.365 0.100 0.175 0.155 5260WA OWG-WA 0.160 -0.005 1520.9 0.595 0.800 61.34 29/09/2023 0.420 0.245 0.320 0.320 8419WA PANSAR-WA 0.320 Unch 225 0.850 0.950 49.41 06/06/2023 0.210 0.045 0.090 0.090 5125WA PANTECH-WA 0.090 Unch 50 0.480 0.500 22.92 21/12/2020 0.215 0.060 0.110 0.100 5125WB PANTECH-WB 0.110 Unch 64.9 0.480 0.500 27.08 21/12/2021 0.100 0.030 0.050 0.040 5022WA PAOS-WA 0.050 0.015 212.9 0.335 0.500 64.18 14/12/2021 0.075 0.025 0.040 0.035 7225WB PA-WB 0.035 Unch 647.6 0.055 0.060 72.73 17/12/2022 0.195 0.180 0.185 0.185 129531 PBBANK-C31 0.185 Unch 920 24.920 25.300 8.95 31/07/2019 0.130 0.010 0.050 0.045 6068WA PCCS-WA 0.050 Unch 82.9 0.215 0.600 202.33 25/12/2022 0.060 0.005 0.005 0.005 518324 PCHEM-C24 0.005 Unch 200.1 4.215 10.000 138.43 28/06/2019 0.050 0.005 0.015 0.010 6254WB PDZ-WB 0.015 Unch 232.4 0.035 0.100 228.57 29/01/2023 0.235 0.030 0.060 0.055 8311WC PESONA-WC 0.060 Unch 403.2 0.220 0.250 40.91 27/01/2020 0.190 0.030 0.035 0.035 5681CW PETDAG-CW 0.035 0.005 1 26.560 28.800 10.41 26/03/2019 0.125 0.055 0.090 0.085 5681CX PETDAG-CX 0.090 0.010 1.9 26.559 26.500 6.56 30/09/2019 0.135 0.035 0.040 0.040 3042CS PETRONM-CS 0.040 0.005 30 7.170 8.880 35.01 28/06/2019 0.450 0.055 0.055 0.055 3611WA PGLOBE-WA 0.055 -0.025 1 1.050 1.000 0.48 07/04/2020

Main Market & Ace Market Warrants

MarketsG L O B A L M A R K E T S . B U R S A M A L A Y S I A E Q U I T Y D E R I V A T I V E S

MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY 2 9

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

Wall Street ahead — US stocks rallies on trade optimism

NEW YORK: Wall Street rallied last Friday, with the Dow Jones Industrial Average and the Nasdaq Composite Index posting their eighth consecutive weekly gains as investors grew hopeful that the US and China would hammer out an agreement resolving their protracted trade war. All three major US indices ended the session higher, and for the fourth straight session, the S&P 500 Index held above its 200-day moving average, a key technical level. Talks between the US and China will resume in Washington this week, with both sides saying progress has been made towards resolving the two countries’ contentious trade dispute. Tariff -vulnerable industrials provided the biggest lift to the blue-chip Dow, led by bellwethers Boeing Co, 3M Co, United Technologies Inc and Caterpillar Inc. “Th is may be just false hope with the tariff situation as thorny details still need to be agreed upon,” said David Carter, chief investment offi cer at Lenox Wealth Advisors in New York. “It’s good news but its not over yet.” Indeed, the trade row’s eff ects were refl ected in Deere & Co’s earnings report, which came in below analyst estimates in part because of slowing international trade. Th e agricultural equipment manufacturer’s shares fell 2.1%. “Solving the trade issue could give global growth the boost it needs,” he added. “Absent a tariff solution, growth will continue to slow.”

With nearly 80% of S&P 500 companies having reported, fourth-quarter (4Q) earnings season is largely in the rearview mirror. Analysts now see a profi t increase of 16.2% for the quarter, according to Refi nitiv data. Going forward, however, the outlook continues to worsen. 1Q earnings are currently seen falling by 0.5%, the fi rst year-on-year decline since mid-2016. Th e Dow rose 1.74% to 25,883.25 points; the S&P 500 gained 1.09% to 2,775.6 and the Nasdaq Composite added 0.61% to 7,472.41. All 11 major sectors in the S&P 500 ended the session in the black. Th e rate-sensitive fi nancial sector led the S&P 500’s advance, bouncing back from last Th ursday’s sell-off as US Treasury yields crept back up. Shares of PepsiCo were up 3.1% even after the snack and beverage company forecast a surprise drop in full-year profi t. Nvidia Corp rose 1.8% following the company’s forecasts for its current fi scal year topped Wall Street expectations. Th e chipmaker gave the second-largest boost to the closely-watched Philadelphia SE Semiconductor index, which was up 0.5%. Th e index has jumped nearly 18% so far this year. Amazon.com shares were down 0.9% after scrapping its plans for a New York headquarters. In fact, each of Amazon’s fellow FAANG members, a group of momentum stocks which also includes Facebook Inc, Apple Inc, Netfl ix Inc and Google parent Alphabet Inc also ended the session in the red.

Global markets — Philippines leads losses as all fall; Vietnam outperforms for week

BENGALURU: Philippines led falls across Southeast Asian stock markets, which ended lower last Friday following a string of disappointing economic data in the region, amid continued focus on US-China trade talks. Softer infl ation data from China sullied risk appetite as investors fretted over weakening demand from the region’s biggest trading partner. Locally, Singapore saw weaker than expected fourth-quarter (4Q) gross domestic product (GDP) growth, while Indonesia’s trade defi cit widened. Th e Philippine index ended about 1% down at a one-month low, with fi nancial stocks leading broader losses. Th e index lost for four out of fi ve days this week, and shed 2% in the period. BDO Unibank ended nearly 5% lower, and was the biggest drag on the benchmark. Th ai markets ended nearly 1% lower in broad-based losses ahead of the country’s 1Q economic data today. A Reuters poll saw the country’s GDP likely picking up for the quarter, although a number of participants saw growth slowing in 2019. Singapore’s stock index closed 0.4% down in mostly broad-based losses, although consumer stocks lent some support. Th ai Beverage closed around 13% higher

after its 1Q net profi t more than doubled. Th e index gained about 1.2% for the week, with banks seeing heavy buying ahead of their results this week. Singapore’s banks, such as DBS Group and United Overseas Bank are among the largest in Southeast Asia, and are usually bought for their reliable returns. Investors also awaited Singapore’s 2019 budget, due today. The Indonesian benchmark ended 0.5% lower, with all sectors barring telecommunication and financial stocks in the red. An index of the country’s 45 most liquid stocks closed about 0.6% down. Th e Vietnam index snapped a four-day rally and ended about 0.2% down, but outperformed regional peers for the week with a near 5% gain. Increased liquidity at the start of the year is benefi cial to the country’s index, which has outpaced its regional peers this year. China stocks retreated last Friday, after latest offi cial data raised defl ation fears, while investors were worried about uncertainties over the US-China trade negotiations.Th e blue-chip CSI 300 Index lost 1.9%, while the Shanghai Composite Index dropped 1.9%. MSCI’s gauge of stocks across the globe gained 0.82%. Th e index is up nearly 10% for the year. Europe’s broad Stoxx 600 Index rallied 1.4%. Emerging markets were set for their first back-to-back weekly loss since late last year. Th e MSCIEF Index of emerging- market stocks dropped 0.7%, leaving it up approximately 7.6% for the year. — Reuters

Dow JonesIndex points

10,403.79

Mar 1, 2010 Feb 15, 2019

25,883.25+443.86(+1.74%)

9600

14075

18550

23025

27500

Euro STOXX 50 IndexIndex points

2,772.70

Mar 1, 2010 Feb 15, 2019

3,241.25+58.59

(+1.84%)1960

2445

2930

3415

3900

FT Straits TimesIndex points

Mar 1, 2010

2,774.06

3,239.74-13.42

(-0.41%)

Feb 15, 2019

2400

2725

3050

3375

3700

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 Feb 15, 20191900

2875

3850

4825

58002,682.39

-37.31(-1.37%)

Bursa Malaysia Equity Derivatives

0.100 0.030 0.035 0.035 7163WA PJBUMI-WA 0.035 0.005 4 0.150 0.500 256.67 05/07/2022 2.260 0.795 1.450 1.440 7172WA PMBTECH-WA 1.440 -0.010 12 3.200 3.010 39.06 12/07/2023 0.205 0.035 0.040 0.035 886915 PMETAL-C15 0.035 -0.005 68 4.100 4.200 7.56 30/04/2019 0.140 0.020 0.020 0.020 886920 PMETAL-C20 0.020 Unch 500 4.100 5.000 24.39 31/07/2019 5.380 3.330 3.700 3.450 8869WC PMETAL-WC 3.660 -0.010 66 4.100 0.390 -1.22 22/08/2019 0.620 0.300 0.585 0.560 7088WB POHUAT-WB 0.560 0.010 53.8 1.570 1.000 -0.64 21/10/2020 0.130 0.080 0.105 0.105 463431 POS-C31 0.105 Unch 40 1.940 2.000 24.74 31/07/2019 0.165 0.130 0.150 0.150 463433 POS-C33 0.150 0.005 0.4 1.940 2.000 18.56 31/10/2019 0.600 0.315 0.335 0.335 7168WA PRG-WA 0.335 Unch 66 0.750 0.375 -5.33 06/07/2019 0.280 0.075 0.090 0.085 8966WA PRLEXUS-WA 0.085 -0.005 76.1 0.575 1.200 123.48 14/06/2021 0.220 0.035 0.065 0.065 5070WA PRTASCO-WA 0.065 Unch 153.4 0.255 0.750 219.61 25/04/2023 0.115 0.010 0.030 0.030 7145WA PSIPTEK-WA 0.030 Unch 100 0.135 0.100 -3.70 16/11/2019 0.180 0.045 0.065 0.060 0186WA PTRANS-WA 0.060 -0.005 1942.5 0.245 0.235 20.41 19/09/2020 0.205 0.055 0.070 0.065 0007WA PUC-WA 0.070 0.005 110.5 0.095 0.100 78.95 25/12/2024 0.535 0.120 0.230 0.230 7134WA PWF-WA 0.230 0.005 0.6 0.795 0.620 6.92 20/07/2021 0.550 0.210 0.300 0.300 7237WA PWROOT-WA 0.300 Unch 47 1.410 1.540 30.50 24/07/2023 0.135 0.055 0.085 0.075 5256WA REACH-WA 0.075 -0.005 4556.4 0.330 0.750 150.00 12/08/2022 0.480 0.330 0.480 0.465 0200WA REVENUE-WA 0.465 -0.015 1592.8 1.260 1.250 36.11 14/01/2024 0.200 0.040 0.155 0.150 9954WB RGTBHD -WB 0.155 0.005 1115.1 0.210 0.100 21.43 14/05/2023 0.265 0.040 0.110 0.090 1066C8 RHBBANK-C8 0.090 -0.005 216.2 5.580 5.300 -0.18 28/02/2019 0.180 0.055 0.085 0.075 8567WB SALCON-WB 0.080 Unch 3119.1 0.245 0.300 55.10 19/07/2025 0.030 0.015 0.030 0.025 0133WE SANICHI-WE 0.030 0.005 2273.1 0.065 0.100 100.00 13/12/2021 0.095 0.005 0.010 0.010 521869 SAPNRGC69 0.010 Unch 20 0.305 0.550 86.89 30/04/2019 0.205 0.045 0.060 0.055 521870 SAPNRGC70 0.055 Unch 800 0.305 0.380 42.62 31/05/2019 0.100 0.020 0.030 0.030 521873 SAPNRGC73 0.030 Unch 5900.5 0.305 0.400 45.90 31/05/2019 0.055 0.020 0.035 0.035 521874 SAPNRGC74 0.035 Unch 1485 0.305 0.409 51.55 28/06/2019 0.180 0.085 0.105 0.095 5218WA SAPNRG-WA 0.100 Unch 50817.7 0.305 0.490 93.44 23/01/2026 0.235 0.090 0.110 0.105 5157WA SAUDEE-WA 0.105 -0.010 20 0.310 0.500 95.16 31/03/2021 0.015 0.005 0.005 0.005 0109WB SCBUILD-WB 0.005 Unch 100 0.030 0.050 83.33 06/11/2019 0.130 0.020 0.050 0.050 0161WA SCH-WA 0.050 Unch 150 0.140 0.100 7.14 04/12/2021 0.125 0.005 0.015 0.010 7158WB SCOMI-WB 0.010 -0.005 225.6 0.045 0.210 388.89 18/02/2023 0.220 0.005 0.015 0.005 7073WB SEACERA-WB 0.010 -0.005 2074.7 0.330 0.930 184.85 29/05/2019 0.210 0.020 0.060 0.040 7073WC SEACERA-WC 0.045 -0.010 34223.4 0.330 1.000 216.67 21/01/2021 0.140 0.030 0.030 0.030 5279CO SERBADK-CO 0.030 Unch 400 3.840 4.050 9.38 15/03/2019 0.105 0.075 0.090 0.085 5279CP SERBADK-CP 0.085 Unch 0.8 3.840 4.500 28.26 28/06/2019 0.165 0.135 0.165 0.155 5279CR SERBADK-CR 0.160 -0.005 405 3.840 3.880 17.71 31/07/2019 0.125 0.010 0.015 0.015 419727 SIME-C27 0.015 0.005 665.2 2.210 2.600 19.34 31/05/2019 0.135 0.010 0.015 0.010 419728 SIME-C28 0.015 Unch 2000 2.210 2.780 27.49 24/04/2019 0.085 0.045 0.050 0.045 419730 SIME-C30 0.050 0.005 1097 2.210 2.700 28.96 31/07/2019 0.070 0.040 0.045 0.045 419731 SIME-C31 0.045 0.005 0.4 2.210 3.000 40.23 02/08/2019 0.080 0.045 0.065 0.060 7155CO SKPRES-CO 0.060 Unch 1450 1.330 1.350 15.04 30/05/2019 0.145 0.050 0.090 0.085 9776WC SMCAP-WC 0.090 Unch 420.6 0.180 0.200 61.11 29/08/2023 0.220 0.060 0.070 0.065 5213WB SNTORIA-WB 0.070 0.005 60.2 0.450 0.600 48.89 09/01/2025 0.120 0.030 0.040 0.035 0093WA SOLUTN-WA 0.040 0.005 58.1 0.100 0.200 140.00 04/07/2021 0.105 0.015 0.045 0.045 866410 SPSETIA-C10 0.045 -0.005 0.4 2.590 2.800 13.32 28/06/2019 0.180 0.100 0.165 0.165 866411 SPSETIA-C11 0.165 Unch 619 2.590 2.300 7.92 25/06/2019 0.225 0.175 0.215 0.215 866414 SPSETIA-C14 0.215 Unch 0.4 2.590 2.150 3.76 31/10/2019 0.130 0.040 0.130 0.105 0129WA SRIDGE-WA 0.110 0.005 2216.7 0.305 0.180 -4.92 24/02/2023 0.175 0.095 0.105 0.105 0080WA STRAITS-WA 0.105 Unch 349 0.225 0.115 -2.22 10/08/2022 0.070 0.005 0.005 0.005 1201WA SUMATEC-WA 0.005 -0.005 0.2 0.010 0.320 3,150 03/03/2021 0.530 0.210 0.290 0.285 5211WB SUNWAY-WB 0.285 0.005 395.5 1.600 1.790 29.69 03/10/2024 0.185 0.030 0.060 0.060 0148WA SUNZEN-WA 0.060 Unch 60 0.170 0.100 -5.88 14/04/2019 0.135 0.025 0.035 0.030 0148WB SUNZEN-WB 0.030 Unch 120 0.170 0.250 64.71 25/02/2021 0.220 0.040 0.060 0.055 710652 SUPERMX-C52 0.055 Unch 197.4 1.620 1.650 10.34 29/03/2019 0.230 0.085 0.090 0.085 710654 SUPERMX-C54 0.085 -0.050 200.6 1.620 1.750 21.14 31/05/2019 0.225 0.055 0.065 0.065 710655 SUPERMX-C55 0.065 -0.005 152.6 1.620 1.750 16.05 31/07/2019

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

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

0.310 0.105 0.145 0.140 710656 SUPERMX-C56 0.140 0.005 1686 1.620 1.400 8.02 30/05/2019 0.305 0.110 0.135 0.130 710657 SUPERMX-C57 0.130 Unch 110 1.620 1.400 6.48 30/04/2019 0.250 0.070 0.095 0.095 710658 SUPERMX-C58 0.095 Unch 20.4 1.620 1.650 16.51 20/05/2019 0.260 0.080 0.110 0.105 710659 SUPERMX-C59 0.110 0.005 240 1.620 1.500 9.57 30/08/2019 0.105 0.075 0.100 0.095 710662 SUPERMX-C62 0.100 0.005 2850 1.620 1.950 35.80 30/09/2019 0.116 0.022 0.035 0.030 1538WB SYMLIFE-WB 0.035 Unch 768.7 0.385 0.790 114.29 11/11/2020 0.050 0.020 0.025 0.025 2429WB TANCO-WB 0.025 0.005 15.6 0.065 0.050 15.38 23/08/2021 0.090 0.030 0.040 0.040 5178WA TATGIAP-WA 0.040 Unch 2940 0.095 0.120 68.42 26/12/2023 0.255 0.065 0.085 0.070 7200WA TEKSENG-WA 0.080 -0.005 340.7 0.255 0.250 29.41 29/01/2020 0.190 0.065 0.065 0.065 534750 TENAGA-C50 0.065 Unch 50 13.040 14.400 16.41 28/06/2019 0.140 0.045 0.050 0.045 534751 TENAGA-C51 0.045 Unch 610.9 13.040 14.000 10.81 30/08/2019 0.105 0.035 0.035 0.035 534752 TENAGA-C52 0.035 Unch 400 13.040 15.500 21.55 25/06/2019 0.345 0.100 0.335 0.320 7252WA TEOSENG-WA 0.330 -0.005 193.8 1.210 1.350 38.84 29/01/2020 2.450 0.705 0.820 0.820 7034WA TGUAN-WA 0.820 -0.010 31.3 2.340 1.500 -0.85 09/10/2019 0.264 0.018 0.090 0.085 7889WB THRIVEN-WB 0.090 0.010 520 0.225 0.480 153.33 05/10/2020 0.080 0.005 0.020 0.020 7079WC TIGER-WC 0.020 Unch 100 0.075 0.320 353.33 11/02/2021 0.055 0.020 0.045 0.045 486334 TM-C34 0.045 0.005 50 2.900 3.200 15.00 31/07/2019 0.205 0.120 0.195 0.195 486336 TM-C36 0.195 Unch 29 2.900 2.200 6.12 28/06/2019 0.260 0.115 0.260 0.260 486337 TM-C37 0.260 Unch 131.8 2.900 2.150 1.03 30/09/2019 0.200 0.160 0.190 0.190 486339 TM-C39 0.190 Unch 860 2.900 2.600 12.59 31/07/2019 0.190 0.025 0.030 0.030 0101WB TMCLIFE-WB 0.030 Unch 286.2 0.730 0.750 6.85 21/06/2019 0.430 0.170 0.205 0.195 7285WA TOMYPAK-WA 0.205 Unch 66.2 0.620 0.930 83.06 21/06/2021 0.405 0.005 0.020 0.005 711333 TOPGLOV-C33 0.005 -0.015 3856.1 1.233 5.500 347.49 29/03/2019 0.180 0.025 0.030 0.030 711341 TOPGLOV-C41 0.030 Unch 80 4.930 6.000 24.75 28/06/2019 0.245 0.060 0.065 0.060 711342 TOPGLOV-C42 0.060 Unch 1572.7 4.930 5.800 24.34 31/05/2019 0.275 0.070 0.080 0.075 711343 TOPGLOV-C43 0.075 Unch 590.4 4.930 5.880 26.88 17/06/2019 0.145 0.055 0.060 0.060 711344 TOPGLOV-C44 0.060 Unch 2984.6 4.930 6.600 40.57 31/07/2019 0.145 0.125 0.135 0.135 711345 TOPGLOV-C45 0.135 Unch 30 4.930 4.600 12.47 31/07/2019 0.150 0.130 0.130 0.130 711346 TOPGLOV-C46 0.130 -0.005 1500 4.930 5.300 22.01 31/07/2019 0.155 0.150 0.155 0.155 711347 TOPGLOV-C47 0.155 Unch 1200 4.930 5.200 21.20 30/08/2019 0.260 0.080 0.115 0.105 7173WB TOYOINK-WB 0.105 -0.010 270.6 0.630 1.500 154.76 06/11/2023 0.025 0.005 0.005 0.005 0118WB TRIVE-WB 0.005 Unch 255 0.020 0.090 375.00 28/08/2020 0.190 0.040 0.045 0.040 5401WA TROP-WA 0.040 -0.010 20 0.880 1.000 18.18 06/12/2019 0.090 0.040 0.070 0.065 514865 UEMS-C65 0.070 0.005 108 0.780 0.750 14.10 28/06/2019 0.260 0.105 0.235 0.235 458813 UMW-C13 0.235 0.005 1.6 5.850 4.700 4.44 30/08/2019 0.260 0.155 0.240 0.230 458815 UMW-C15 0.235 Unch 180 5.850 4.800 6.15 28/06/2019 0.160 0.115 0.145 0.140 458816 UMW-C16 0.140 -0.020 345 5.850 5.800 13.50 25/06/2019 0.160 0.115 0.145 0.140 458817 UMW-C17 0.140 Unch 207.5 5.850 6.300 20.14 31/07/2019 0.055 0.050 0.055 0.050 524326 VELESTO-C26 0.050 -0.100 92 0.220 0.320 56.82 28/06/2019 0.165 0.050 0.085 0.080 5243WA VELESTO-WA 0.085 Unch 735.1 0.220 0.395 118.18 18/10/2024 0.355 0.100 0.180 0.180 0120WB VIS-WB 0.180 Unch 75 0.485 0.750 91.75 16/11/2022 0.040 0.005 0.005 0.005 0069WC VIVOCOM-WC 0.005 Unch 60 0.020 0.070 275.00 22/01/2020 0.023 0.003 0.010 0.005 0069WD VIVOCOM-WD 0.010 Unch 200.1 0.020 0.070 300.00 08/07/2020 0.500 0.310 0.500 0.405 7070WC VIZIONE-WC 0.410 -0.040 342.2 0.980 0.700 13.27 05/02/2022 0.100 0.070 0.100 0.095 696310 VS-C10 0.095 Unch 10121.8 0.935 1.200 53.74 31/07/2019 0.040 0.005 0.005 0.005 6963C7 VS-C7 0.005 Unch 40 0.935 2.000 115.78 20/05/2019 0.160 0.120 0.160 0.155 6963C8 VS-C8 0.155 -0.005 10606.4 0.935 0.770 23.80 30/08/2019 0.130 0.095 0.130 0.125 6963C9 VS-C9 0.125 -0.005 2931.4 0.935 0.880 27.54 02/08/2019 0.265 0.045 0.085 0.080 9679WE WCT-WE 0.085 0.005 1202.9 0.840 2.080 157.74 27/08/2020 0.175 0.095 0.175 0.160 0197WA WEGMANS-WA 0.165 Unch 2399.7 0.340 0.300 36.76 13/01/2022 0.180 0.085 0.125 0.110 0162WA WIDAD-WA 0.120 0.005 2340.6 0.330 0.350 42.42 05/08/2023 0.319 0.070 0.120 0.110 7245WA WZSATU-WA 0.120 0.010 128.4 0.320 0.380 56.25 28/10/2024 0.030 0.015 0.020 0.020 5156WD XDL-WD 0.020 Unch 1535 0.120 0.180 66.67 17/01/2022 0.130 0.015 0.025 0.015 7293CT YINSON-CT 0.015 Unch 500.1 4.200 4.680 13.04 31/05/2019 1.090 0.130 0.155 0.135 7066WA YONGTAI-WA 0.145 Unch 560.7 0.350 0.500 84.29 24/06/2020 0.200 0.050 0.050 0.050 467722 YTL-C22 0.050 -0.005 229.8 1.110 1.180 15.32 29/03/2019 0.085 0.050 0.070 0.070 6742C6 YTLPOWR-C6 0.070 Unch 80 0.900 0.950 17.22 31/07/2019

Main Market & Ace Market Warrants

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

MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY 3 0

Local events to watch out for today

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

AEON CO (M) (57,200) EMPLOYEES PROVIDENT FUND BOARD 180,993,100 7/2ALLIANCE BANK MALAYSIA (156,200) EMPLOYEES PROVIDENT FUND BOARD 188,712,840 7/2ASTRO MALAYSIA (50,000) RENZO CHRISTOPHER VIEGAS 50,000 12/2AXIS REAL ESTATE (13,000) KUMPULAN WANG PERSARAAN 134,570,717 11/2INVESTMENT TRUST (DIPERBADANKAN)AXIS REAL ESTATE (976,100) AMANAHRAYA TRUSTEE 119,023,900 8/2INVESTMENT TRUST - AMANAH SAHAM BUMIPUTERAAXIS REAL ESTATE (916,200) EMPLOYEES PROVIDENT FUND BOARD 199,166,012 7/2 INVESTMENT TRUSTBIMB 1,022,921 AMANAHRAYA TRUSTEE 97,234,641 8/2 - AMANAH SAHAM BUMIPUTERACOASTAL CONTRACTS 33,800 NG CHIN HENG 240,738,901 11/2CRG INCORPORATED 50,000 DATO’ SRI CHIANG FONG YEE 137,153,840 11/2DIALOG GROUP (1,380,700) EMPLOYEES PROVIDENT FUND BOARD 496,727,716 7/2DIGI.COM 665,900 EMPLOYEES PROVIDENT FUND BOARD 1,118,629,750 7/2ELK-DESA RESOURCES 80,000 TEOH HOCK CHAI @ TEW HOCK CHAI 116,730,000 11/2GAMUDA (379,400) EMPLOYEES PROVIDENT FUND BOARD 294,491,705 7/2GENTING PLANTATIONS (40,000) EMPLOYEES PROVIDENT FUND BOARD 67,529,200 7/2HARTALEGA 718,700 EMPLOYEES PROVIDENT FUND BOARD 202,476,300 7/2HONG LEONG BANK 6,900 EMPLOYEES PROVIDENT FUND BOARD 251,846,821 7/2IGB REAL ESTATE (173,600) EMPLOYEES PROVIDENT FUND BOARD 372,082,566 7/2INVESTMENT TRUSTIHH HEALTHCARE 368,800 EMPLOYEES PROVIDENT FUND BOARD 653,102,400 7/2IMASPRO CORPORATION (620,500) YU KUAN CHON 14,927,504 11/2INARI AMERTRON (280,000) EMPLOYEES PROVIDENT FUND BOARD 223,097,345 7/2IOI CORPORATION (507,800) EMPLOYEES PROVIDENT FUND BOARD 757,410,573 7/2KESM INDUSTRIES 6,500 KUMPULAN WANG PERSARAAN 2,675,300 11/2 (DIPERBADANKAN)KUALA LUMPUR KEPONG (880,500) EMPLOYEES PROVIDENT FUND BOARD 121,141,757 7/2LAFARGE MALAYSIA 296,200 EMPLOYEES PROVIDENT FUND BOARD 54,195,975 7/2MALAYAN BANKING (857,600) EMPLOYEES PROVIDENT FUND BOARD 1,393,252,996 7/2MALAYAN BANKING 2,000,000 AMANAHRAYA TRUSTEE 3,870,784,081 8/2 - AMANAH SAHAM BUMIPUTERAMALAYSIA AIRPORTS 184,300 EMPLOYEES PROVIDENT FUND BOARD 178,843,792 7/2MAXIS (567,900) EMPLOYEES PROVIDENT FUND BOARD 868,584,614 7/2MBM RESOURCES (75,700) EMPLOYEES PROVIDENT FUND BOARD 56,427,491 7/2MENANG CORPORATION (M) 86,700 DATO LEE CHIN HWA 23,719,040 11/2MICROLINK SOLUTIONS 34,000 OMESTI 102,937,793 8/2MISC 129,900 EMPLOYEES PROVIDENT FUND BOARD 274,731,611 7/2PADINI (110,000) EMPLOYEES PROVIDENT FUND BOARD 50,317,600 7/2PANASONIC MANUFACTURING 12,000 KUMPULAN WANG PERSARAAN 3,353,700 11/2MALAYSIA (DIPERBADANKAN) PELIKAN INTERNATIONAL 20,700 LOO HOOI KEAT 96,652,251 7/2CORPORATIONPENTAMASTER CORPORATION (31,000) KUMPULAN WANG PERSARAAN 37,849,700 7/2 (DIPERBADANKAN) PETRONAS CHEMICALS GROUP (2,495,000) EMPLOYEES PROVIDENT FUND BOARD 638,096,000 7/2POS MALAYSIA 100,000 EMPLOYEES PROVIDENT FUND BOARD 74,932,529 7/2PPB GROUP (164,500) EMPLOYEES PROVIDENT FUND BOARD 152,959,454 7/2RIMBUNAN SAWIT (150,000) TIONG KIONG KING 20,177,300 12/2S P SETIA 5,800 EMPLOYEES PROVIDENT FUND BOARD 430,057,497 7/2SERBA DINAMIK (64,700) KUMPULAN WANG PERSARAAN 110,211,000 11/2 (DIPERBADANKAN)SIME DARBY (20,000,000) AMANAHRAYA TRUSTEE 2,920,142,900 7/2 - AMANAH SAHAM BUMIPUTERASIME DARBY 224,700 EMPLOYEES PROVIDENT FUND BOARD 664,619,875 30 & 31/1SIME DARBY PLANTATION (325,100) EMPLOYEES PROVIDENT FUND BOARD 957,120,491 7/2SKP RESOURCES 164,700 KUMPULAN WANG PERSARAAN 171,751,333 11/2 (DIPERBADANKAN)TA ANN 23,500 EMPLOYEES PROVIDENT FUND BOARD 29,995,643 4/2TA ENTERPRISE 137,800 DATUK TIAH THEE KIAN 691,556,300 12/2TENAGA NASIONAL 130,000 KUMPULAN WANG PERSARAAN 311,327,225 11/2 (DIPERBADANKAN)TIGER SYNERGY 6,000,000 DATIN SEK CHIAN NEE 240,254,175 11/2TIME DOTCOM (100,000) KUMPULAN WANG PERSARAAN 65,526,348 11/2 (DIPERBADANKAN)TOP GLOVE CORPORATION 799,500 EMPLOYEES PROVIDENT FUND BOARD 144,031,722 7/2UMW (110,000) KUMPULAN WANG PERSARAAN 75,985,567 11/2 (DIPERBADANKAN)V.S. INDUSTRY (1,000,000) KUMPULAN WANG PERSARAAN 207,421,275 11/2 (DIPERBADANKAN) YINSON (9,100) KUMPULAN WANG PERSARAAN 139,283,900 11/2 (DIPERBADANKAN)YNH PROPERTY (1,250,000) DATO DR YU KUAN CHON 172,302,757 12/2

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

Insider moves (Filings on February 12, 2019)Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook.

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

Foreign exchange rates NZ EURO US SWISS BRIT CANADA BRUNEI S’PORE AUST M’SIA CHINA BANGL’H DENM’K UAE INA INDIA JAPAN NORWAY PHIL QATAR SAUDI SWEDEN THAI HK

NZ $ 0.608 0.687 0.690 0.532 0.909 0.932 0.932 0.961 2.8070 4.648 57.768 4.535 2.523 9,712 48.984 75.879 5.929 35.920 2.500 2.576 6.367 21.470 5.390

EURO 1.645 1.130 1.135 0.876 1.496 1.533 1.533 1.580 4.6175 7.647 95.028 7.459 4.150 15,976 80.578 124.821 9.754 59.089 4.112 4.237 10.473 35.318 8.866

US $ 1.456 0.885 1.005 0.775 1.324 1.357 1.357 1.399 4.0870 6.768 84.110 6.602 3.673 14,140 71.320 110.480 8.633 52.300 3.640 3.750 9.270 31.260 7.848

SWISS FR 1.449 0.881 0.995 0.771 1.317 1.350 1.350 1.392 4.0667 6.734 83.692 6.570 3.655 14,070 70.966 109.932 8.590 52.040 3.622 3.732 9.224 31.105 7.809

STERLING £ 1.878 1.142 1.290 1.296 1.708 1.750 1.750 1.804 5.2718 8.730 108.493 8.517 4.738 18,240 91.995 142.508 11.136 67.462 4.695 4.837 11.957 40.322 10.123

CANADA $ 1.100 0.669 0.755 0.759 0.586 1.025 1.025 1.057 3.0871 5.112 63.532 4.987 2.774 10,681 53.871 83.451 6.521 39.505 2.749 2.833 7.002 23.612 5.928

BRUNEI $ 1.073 0.652 0.737 0.741 0.572 0.976 1.000 1.031 3.0129 4.989 62.005 4.867 2.708 10,424 52.577 81.445 6.364 38.555 2.683 2.765 6.834 23.045 5.785

SINGAPORE $ 1.073 0.652 0.737 0.741 0.572 0.976 1.000 1.031 3.0129 4.989 62.005 4.867 2.708 10,424 52.577 81.445 6.364 38.555 2.683 2.765 6.834 23.045 5.785

AUSTRALIA $ 1.041 0.633 0.715 0.718 0.554 0.946 0.970 0.970 2.9218 4.838 60.130 4.720 2.626 10,109 50.987 78.983 6.172 37.389 2.602 2.681 6.627 22.348 5.610

MALAYSIA RM 0.356 0.217 0.245 0.246 0.190 0.324 0.332 0.332 0.342 1.0000 1.656 20.580 1.615 0.899 3,460 17.450 27.032 2.112 12.797 0.891 0.918 2.268 7.649 1.920

100 CHINESE RMB 21.513 13.078 14.775 14.849 11.455 19.561 20.043 20.043 20.668 60.3870 1,243 97.554 54.267 208,930 1,053.782 1,632 127.560 772.756 53.782 55.412 136.963 461.879 115.953

100 BANGLAD’H TAKA 1.731 1.052 1.189 1.195 0.922 1.574 1.613 1.613 1.663 4.8591 8.047 7.850 4.367 16,812 84.794 131.352 10.264 62.181 4.328 4.459 11.021 37.166 9.330

100 DANISH KRONER 22.052 13.406 15.146 15.221 11.742 20.052 20.545 20.545 21.186 61.9010 102.51 1,274 55.628 214,168 1,080.20 1,673 130.76 792.13 55.13 56.80 140.40 473.46 118.86

100 UAE DIRHAM 39.643 24.099 27.227 27.363 21.108 36.046 36.934 36.934 38.085 111.2775 184.27 2,290 179.77 385,003 1,942 3,008 235.06 1,424 99.11 102.11 252.39 851.12 213.67

1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.010 0.010 0.010 0.0289 0.048 0.595 0.047 0.026 0.504 0.781 0.061 0.370 0.026 0.027 0.066 0.221 0.055

100 INDIA RUPEE 2.042 1.241 1.402 1.409 1.087 1.856 1.902 1.902 1.961 5.7305 9.490 117.933 9.258 5.150 19,827 154.908 12.105 73.332 5.104 5.258 12.997 43.831 11.003

100 JAPAN YEN 1.318 0.801 0.905 0.910 0.702 1.198 1.228 1.228 1.266 3.6993 6.126 76.131 5.976 3.324 12,799 64.555 7.814 47.339 3.295 3.395 8.390 28.295 7.103

100 NORWEGIAN KRONER 16.865 10.252 11.583 11.641 8.980 15.335 15.712 15.712 16.202 47.3400 78.394 974 76.477 42.542 163,789 826.106 1,280 605.797 42.162 43.440 107.371 362.087 90.900

100 PHILIPPINE PESO 2.784 1.692 1.912 1.922 1.482 2.531 2.594 2.594 2.675 7.8145 12.941 160.822 12.624 7.023 27,037 136.367 211.243 16.507 6.960 7.171 17.724 59.770 15.005

100 QATAR RIYAL 40.000 24.316 27.473 27.610 21.298 36.371 37.266 37.266 38.428 112.2802 185.934 2,311 181.387 100.901 388,472 1,959 3,035 237.178 1,437 103.030 254.661 858.792 215.596

100 SAUDI RIYAL 38.824 23.601 26.665 26.798 20.672 35.301 36.170 36.170 37.298 108.9779 180.466 2,243 176.052 97.933 377,047 1,902 2,946 230.203 1,395 97.059 247.171 833.534 209.255

100 SWEDISH KRONOR 15.707 9.548 10.788 10.842 8.363 14.282 14.634 14.634 15.090 44.0900 73.012 907.368 71.227 39.622 152,545 769.392 1,192 93.135 564.208 39.268 40.458 337.229 84.660

100 THAI BAHT 4.658 2.831 3.199 3.215 2.480 4.235 4.339 4.339 4.475 13.0742 21.651 269.066 21.121 11.749 45,235 228.151 353.424 27.618 167.307 11.644 11.997 29.653 25.105

100 HK$ 18.553 11.279 12.743 12.806 9.879 16.870 17.285 17.285 17.824 52.0790 86.242 1,071.781 84.133 46.801 180,185 908.804 1,408 110.011 666.441 46.383 47.789 118.120 398.334

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

TOPGLOV-C33 0.020 0.005 0.005 3856.1AIRASIAC76 0.105 0.105 0.105 200TDEX 0.090 0.085 0.090 2230.1PGLOBE-WA 0.055 0.055 0.055 1FBMKLCI-C5T 0.300 0.300 0.300 11CHEETAH 0.290 0.290 0.290 1.5FBMKLCI-H6R 0.295 0.295 0.295 10A50CHIN-H25 0.050 0.050 0.050 44.4DRBHCOMC69 0.125 0.120 0.120 2748.3FBMKLCI-H6U 0.295 0.295 0.295 10FBMKLCI-C5R 0.060 0.060 0.060 1MAYBANKC49 0.125 0.120 0.120 3725CIMB-C46 0.130 0.130 0.130 0.4TEXCHEM 0.640 0.635 0.640 74.7MAYBANKC50 0.115 0.105 0.110 3650MAYBANKC51 0.110 0.110 0.110 700.4KERJAYA-CJ 0.020 0.010 0.015 12.3SUPERMX-C54 0.090 0.085 0.085 200.6PARLO 0.080 0.070 0.080 255MAYBANKC47 0.035 0.035 0.035 2600VELESTO-C26 0.055 0.050 0.050 92YTL-C22 0.050 0.050 0.050 229.8MYEG-C51 0.005 0.005 0.005 250

This table shows stocks that are trading near their year low. This could suggest a build-up in selling momentum, or the possibility that bargain hunting could set in later.

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

SCOMNET 0.890 0.820 0.890 3577.9TEOSENG 1.220 1.160 1.210 1134.7EDGENTA 2.920 2.850 2.910 684BIMB 4.180 4.100 4.180 908.5CARING 2.000 1.980 2.000 84.2WATTA 0.850 0.785 0.850 203.3DRBHCOMC69 0.125 0.120 0.120 2748.3SANICHI-WE 0.030 0.025 0.030 2273.1DRBHCOMC70 0.130 0.105 0.125 2938.6FBMKLCI-H6U 0.295 0.295 0.295 10FGV-C64 0.240 0.220 0.225 7774.4FGV-C67 0.425 0.375 0.390 627.7FGV-C65 0.195 0.175 0.180 3679.3FGV-C62 0.100 0.085 0.090 693.9GFM-WC 0.225 0.210 0.215 2978.2VIZIONE-WC 0.500 0.405 0.410 342.2WEGMANS-WA 0.175 0.160 0.165 2399.7SRIDGE 0.340 0.305 0.305 9120.8CARLSBG 22.280 21.620 21.920 715.4HIBISCS-CP 0.070 0.070 0.070 400HIBISCS-CR 0.135 0.125 0.125 18583.9SRIDGE-WA 0.130 0.105 0.110 2216.7HIBISCS-CQ 0.145 0.135 0.135 1320.5

This table shows stocks that are trading near their year high. This could suggest a build-up in buying momentum, or the possibility that profi t-taking activities could set in later.

Trading themes

Stocks closest to year high Stocks closest to year low

Jet Airways’ sinking market cap

• Rubberex Corp (M) Bhd’s extraordinary gen-eral meeting (EGM) at Impiana Hotel Ipoh, Jalan Raja Dr Nazrin Shah, Perak at 10am.

• Vertice Bhd’s EGM at Hotel Armada Pet-aling Jaya, Lot 6, Lorong Utara C, Section 52, Petaling Jaya at 2.30pm.

Average prices of Cullinan mine diamonds

Nearly 70% wiped out in 2018.

Sales of high value stones boost average price per carat.

MarketsF U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S

3 1

MONDAY FEBRUARY 18, 2019 • THEED G E FINANCIAL DAILY

Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

FEB/MAR -4.5 -5.0 -4.5

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

Money market

Commodities

FEB/MAR -1FEB/APR -53FEB/MAY -72MAR/APR -52

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -74.293 MONTHS AVERAGE -72.716 MONTHS AVERAGE -85.37

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

MAR-19 2,201 -31 1,531 9,866 -591APR-19 2,253 -24 11,065 52,913 -430MAY-19 2,272 -21 10,781 48,259 2,670JUN-19 2,278 -20 3,573 25,552 894JUL-19 2,280 -19 929 16,285 -11

Palm oil declines over 1% on weaker US soyoil

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

Oil rises over 2% to 2019 highs on tightening supplies

METAL & PRECIOUS METALSTIN US$/TON KLTM 21,030 UNCHCOPPER USC/IBS CMX 2.8025 0.0240GOLD US$/TROY OZ CMX 1,319.10 7.80PLATINUM US$/TROY OZ NYMEX 806.90 17.70PALLADIUM US$/TROY OZ NYMEX 1,399.80 21.90SILVER USC/TROY OZ CMX 15.74 0.22ALUMINIUM RMB/TON SHF 13,505 90ZINC RMB/TON SHF 21,625 460

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 55.59 1.18HEATING OIL USC/GAL NYMEX 2.0167 0.0493NATURAL GAS US$/MMBTU NYMEX 2.656 0.046BRENT CRUDE US$/BBL ICE 64.57 0.96GAS OIL US$/TON ICE 597.25 2.75

CRUDE PALM OIL RM/TON MDEX 2,253 -24RUBBER SEN/KG MRB 548.00 3.00CORN USC/BSH CBOT 374.75 UNCHSOYBEANS USC/BSH CBOT 907.50 4.00WHEAT USC/BSH CBOT 504.25 -2.75LIVE CATTLE USC/IBS CME 127.175 -0.200COCOA US$/TON NYBOT 2,339 69COFFEE USC/IBS NYBOT 101.10 -0.35SUGAR USC/IBS NYBOT 13.10 0.68COTTON USC/IBS NYC 73.33 0.26

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 Feb 15, 2019

200

625

1050

1475

1900

548.00(+3.00)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

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

NOV’18 DEC’18 JAN’19

352/307 312/299 466/458 552/549 600/524 647/607 823/793 879/847 963/930 1,074/1,040 1,078/974 1,208/1,213 1,241/1,250 1,340/1,273 1,454/1,471

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1200

1395

1590

1785

1980 1,686.50(+2.00)

Feb 15, 2019

Klibor

Implied interest rate (%)

Oct 1, 2000

3.78(Unch)

Feb 15, 20191.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

408.00(+2.50)

Feb 15, 2019

300

500

700

900

1100

CPO futures

FBM KLCI futures

MAR9 96.22 — — —JUN9 96.22 — — —SEP9 96.22 — — —DEC9 96.22 — — —MAR0 96.22 — — —JUN0 96.22 — — —SEP0 96.22 — — —DEC0 96.22 — — —MAR1 96.22 — — —JUN1 96.22 — — —SEP1 96.22 — — —DEC1 96.22 — — —MAR2 96.22 — — —JUN2 96.22 — — —SEP2 96.22 — — —DEC2 96.22 — — —MAR3 96.22 — — —JUN3 96.22 — — —SEP3 96.22 — — —JAN-00 — — — —JAN-00 — — — —JAN-00 — — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian palm oil futures fell over 1% last Friday, recording a fi fth session of declines in six, tracking weakness in soyoil on the US Chicago Board of Trade (CBoT). The benchmark palm oil contract for April delivery on Bursa Malaysia Derivatives Exchange was down RM24 or 1.1% at RM2,253 a tonne at the close of trade, its sharpest daily decline in a week. Th e contract also lost 1.6% last week in its second straight weekly decline. “Palm oil fell tracking CBoT soyoil, which slumped overnight,” said a Kuala Lumpur-based futures trader. Palm oil prices are aff ected by movements in soyoil rates, as they compete for a share in the global vegetable oil market. Exports in the fi rst half of February likely rose from a month earlier, but the demand may not be sustained throughout the month, the trader said. “Seasonally, exports in February should be lower... but we could also see some (demand) spillover from January.” In other related oils, the CBoT March soybean oil contract was down 0.2% after shedding 0.3% in the previous session. CBoT grains and soybean futures tumbled last Th ursday on news that China and other buyers had cancelled a fl urry of US soybean orders in early January and Argentina’s soy crop could be larger than previously expected, traders said. — Reuters

OCT’18 NOV’18 DEC’18 JAN’19

1,965 1,845 1,808 1,737 1,571 1,375 1,383 1,676 2,722 3,007 3,215 3,001

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 425 19.00% 404 18.00% 384SOUTH 20.00% 430 19.00% 410 18.00% 389CENTRAL 20.00% 427 19.00% 407 18.00% 386EAST COAST 20.00% 426 19.00% 406 18.00% 385SABAH 22.00% 414 21.00% 395 20.00% 376SARAWAK 22.00% 420 21.00% 401 20.00% 382

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

(IN RM/TON) FEB’19 MAR’19 APR’19

CPO DELD 2,104.50 2,174.50 NO TRADEPK EX-MILL 1,315.00 NO TRADE NO TRADECPKO DELD NO TRADE 2,756.00 NO TRADERBD P.OIL FOB NO TRADE NO TRADE NO TRADERBD P.OLEIN FOB NO TRADE NO TRADE NO TRADERBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE

MPOB palm oil physical

Oil prices rose more than 2% to their highest this year last Friday after an outage at Saudi Arabia’s offshore oilfield boosted expectations for tightening supply, while progressing US-China trade talks strengthened demand sentiment. The international benchmark Brent crude futures were up US$1.68 or 2.6% to settle at US$66.25 a barrel, its highest since November. US West Texas Intermediate (WTI) crude futures increased US$1.18 or 2.2% to US$55.59 a barrel, and hit their highest this year in post-settlement trade at US$55.80. For the week, Brent ended more than 6% higher and WTI gained more than 5%, partly on tightening supplies since the Opec and its allies led by Russia started voluntary production cuts last month. — Reuters

Commodities

last year despite external uncertainties. — Bernama

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 Feb 15, 2019

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(-24)2,253

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 Feb 15, 2019

0.3064(RM2,758/tonne)

2,253(-24)

0.000

0.175

0.350

0.525

1100

2425

3750

5075

6400 0.700

Th e US dollar dropped last Friday after San Francisco Federal Reserve Bank president Mary Daly suggested the central bank may hold off on raising interest rates in 2019, bolstering risk appetite in the currency market. Th e US Federal Reserve probably will not need to raise rates this year, given a slowdown in economic growth and muted infl ation, Daly told Th e Wall Street Journal in an interview published on Friday. “If the economy evolves as I just said I expect it to — 2% growth, 1.9% infl ation, no sense that (price pressures are) going up, no sense that we have any acceleration — then I think the case for a rate increase isn’t there” this year, the paper quoted Daly as saying. Th e US dollar index lost 0.1% to 96.904, after a week that included several weak data reports, including dismal US retail sales. — Reuters

Dovish Fed talk sends US dollar lower, euro recovers

Th e FBM KLCI futures contracts on Bursa Malaysia Derivatives closed higher last Friday on mild buying. Th e underlying benchmark KLCI ended 0.23 of-a-point lower at 1,688.83. February 2019 added two points to 1,686.5; March 2019 rose one point to 1,681.5, while June 2019 gained half-a-point to 1,669.5. September 2019 remain unchanged at 1,675. Turnover increased to 4,357 lots from last Th ursday’s 4,084 lots, while open interest widened to 24,948 contracts from 24,799 contracts. Phillip Capital Management senior vice-president (investment) Datuk Dr Nazri Khan Adam Khan said the KLCI is expected to continue its bullish bias that started since Dec 18 last year despite external uncertainties. He said the KLCI is expected to continue its bullish bias that started since Dec 18

KLCI futures close higher on mild buying

Crude Oil

US$/bbl

Apr 10, 2007 Feb 15, 2019

55.59(+1.18)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 Feb 15, 2019

700

1020

1340

1660

1980

1,319.10(+7.80)

Long Rolls - KLCI futures

Index points

Jan 4, 2010

-4.50(-0.50)

Feb 15, 2019

-35.00

-21.75

-8.50

4.75

18.00

US Dollar

USD Index

Oct 2, 2006

71.0

79.5

88.0

96.5

105.0

96.904(-0.074)

Feb 15, 2019

FBMKLCI 1,688.83 -0.23 100.8M FEB 19 1,686.50 2.00 4,166 23,525 -124MAR 19 1,681.50 1.00 144 1,126 11JUN 19 1,675.00 UNCH 24 236 -3SEP 19 1,669.50 0.50 23 61 4TOTAL 4,357 24,948 -112

FEB 19 14 2.06 1.45 0.61MAR 19 43 6.67 9.38 -2.71ROLL’S FAIR -3.33

MONDAY FEBRUARY 18, 2019 • THEEDGE FINANCIAL DAILY 3 2

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

RESEARCH: TAI TS [tai@bizedge.com]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)DIALOG GROUP 1.42 0.160 3.150 25717.2IOI CORPORATION 0.59 0.060 4.600 2784.5PETRONAS CHEMICAL 0.50 0.040 8.510 6670.0PETRONAS DAGANG 0.50 0.320 26.560 359.2SIME DARBY PLANTATION 0.43 0.040 5.160 1789.4DIGI.COM 0.37 0.030 4.610 3503.8MISC 0.35 0.050 6.850 1350.2SIME DARBY 0.32 0.030 2.210 7045.3TENAGA NASIONAL 0.18 0.020 13.040 1678.2K.LUMPUR KEPONG 0.17 0.100 24.800 1220.3MALAYSIA AIRPORT 0.16 0.060 7.940 1833.7GENTING -0.24 -0.040 7.100 4912.9MAXIS -0.86 -0.070 5.630 1122.2CIMB GROUP -1.20 -0.080 5.700 5196.7MAYBANK -1.39 -0.080 9.470 10588.1IHH HEALTHCARE -2.20 -0.160 5.610 3457.9SUB-TOTAL -0.91 OTHERS 0.68 GRAND TOTAL -0.23

1,688.50 1,682.00 1,683.50 1,679.00 1,676.50 1,671.50

Market movers

DOW JONES 25,439.39 -103.88S&P 500 2,745.73 -7.30NASDAQ 100 7,022.42 6.54FTSE 100 7,197.01 6.17AUSTRALIA 6,066.10 6.70CHINA 2,682.39 -37.32HONG KONG 27,900.84 -531.21INDIA 35,808.95 -67.27

INDONESIA 6,389.09 -30.93JAPAN 20,900.63 -239.08KOREA 2,196.09 -29.76PHILIPPINES 7,908.89 -82.36SINGAPORE 3,239.74 -13.42TAIWAN 10,064.78 -24.23THAILAND 1,636.94 -15.70VIETNAM 950.89 -1.45

CLOSE CHANGE CLOSE CHANGE

World equity indices

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

Daily top 20 active stocks

F&N 34.440 0.640HEIM 21.700 0.420CARLSBG 21.920 0.340PETDAG 26.560 0.320DLADY 62.700 0.240HSI-H4U 0.705 0.165DIALOG 3.150 0.160SHANG 5.780 0.150PLS 0.900 0.150APM 2.880 0.130GENP 10.500 0.140VITROX 6.880 0.120

NESTLE 148.600 -0.300IHH 5.610 -0.160HSI-C3X 0.660 -0.150HSI-C5I 0.955 -0.145HSI-C5F 0.800 -0.140HSI-C5K 0.840 -0.135HSI-C5H 0.605 -0.130NHFATT 2.650 -0.120QL 6.800 -0.120HSI-C5E 0.530 -0.110HSI-C5B 0.555 -0.105AEONCR 16.500 -0.100

Top gainers and losers (ranked by RM)

 DIALOG-C33 0.025 66.67DIALOG-C37 0.055 57.14DAYA 0.015 50.00EDUSPEC 0.030 50.00HSI-H4S 0.060 50.00HSI-H4T 0.270 50.00A50CHIN-H23 0.030 50.00DRBHCOMC60 0.030 50.00SIME-C27 0.015 50.00PAOS-WA 0.050 42.86DIALOG-C39 0.055 37.50HSI-H6H 0.200 33.33

TOPGLOV-C33 0.005 -75.00MYEG-C51 0.005 -66.67VELESTO-C26 0.050 -66.67HSI-C3T 0.035 -61.11SUMATEC-WA 0.005 -50.00AIRASIAC65 0.010 -50.00ARMADA-C48 0.005 -50.00HUBLINE-WB 0.005 -50.00IRETEX-WA 0.005 -50.00IREKA-WB 0.005 -50.00ANZO-WC 0.005 -50.00SUPERMX-C54 0.085 -37.04

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by percentage)

FBM KLCI & KLCI futures intraday

Daily FBM KLCI

FBM KLCI sensitivity*

FBM KLCI futures

DIALOG-C33 0.025 66.67DIALOG-C37 0.055 57.14HSI-H4S 0.060 50.00HSI-H4T 0.270 50.00A50CHIN-H23 0.030 50.00DRBHCOMC60 0.030 50.00SIME-C27 0.015 50.00PAOS-WA 0.050 42.86DIALOG-C39 0.055 37.50HSI-H6H 0.200 33.33DRBHCOMC67 0.020 33.33DIALOG-C41 0.105 31.25

TOPGLOV-C33 0.005 -75.00MYEG-C51 0.005 -66.67VELESTO-C26 0.050 -66.67HSI-C3T 0.035 -61.11SUMATEC-WA 0.005 -50.00AIRASIAC65 0.010 -50.00ARMADA-C48 0.005 -50.00HUBLINE-WB 0.005 -50.00IRETEX-WA 0.005 -50.00IREKA-WB 0.005 -50.00ANZO-WC 0.005 -50.00SUPERMX-C54 0.085 -37.04

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

TATGIAP 74,591 -5.00 -0.005 0.095 0.105 0.095PWORTH 69,028 -10.00 -0.005 0.045 0.050 0.045HSI-C3W 61,074 -26.25 -0.105 0.295 0.370 0.280HSI-H4Y 59,975 22.92 0.055 0.295 0.305 0.245SAPNRG-WA 50,818 0.00 0.000 0.100 0.105 0.095SUMATEC 46,131 0.00 0.000 0.010 0.010 0.005APFT 45,309 0.00 0.000 0.020 0.025 0.020EDUSPEC 40,458 50.00 0.010 0.030 0.030 0.020QES 36,581 6.38 0.015 0.250 0.260 0.240SEACERA-WC 34,223 -18.18 -0.010 0.045 0.060 0.040HSI-H6F 32,650 14.61 0.065 0.510 0.515 0.455XINGHE 32,589 -12.50 -0.005 0.035 0.040 0.030HSI-H4X 28,141 16.67 0.020 0.140 0.150 0.120DIALOG 25,717 5.35 0.160 3.150 3.240 3.080FGV-C63 24,693 3.03 0.005 0.170 0.180 0.160A50CHIN-C30 24,598 -21.95 -0.045 0.160 0.190 0.155

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

Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares traded for a particular counter on the previous trading day is more than triple the average volume for the last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of market expectations for these counters.

UNUSUAL MARKET ACTIVITIES

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

Moving average - 20-dayKL Composite Index

Volume (’mil)

Jan 2, 2008 Feb 15, 2019

1,688.83(-0.23)

1,688.54

820.0

1122.5

1425.0

1727.5

2030.0

0

300

600

900

1680.0

1681.4

1682.8

1684.2

1685.6

1687.0

1688.4

1689.8

1691.2

1692.6

1694.0

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

Index point

KL Composite Index

KLCI futures

1,686.50(+2.00)

1,688.83(-0.23)

Published by The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia.Printed by Ultimate Print Sdn Bhd (62208-H) Lot 2, Jalan Sepana 15/3, Off Persiaran Selangor, Seksyen 15, 40200 Shah Alam, Selangor, Malaysia.

FEB 19 1,686.50 2.00MAR 19 1,681.50 1.00JUN 19 1,675.00 UNCH

It is not the mountain that we conquer but ourselves. — Sir Edmund Percival Hillary

SAPNRG 314,020.1 UNCH UNCH 0.305 — 2.44ARMADA 193,170.5 -0.010 -4.08 0.235 — 1.07TATGIAP 74,590.9 -0.005 -5.00 0.095 — 0.00PWORTH 69,027.9 -0.005 -10.00 0.045 0.09 0.00SEACERA 62,306.4 -0.020 -5.71 0.330 — 0.00HSI-C3W 61,073.6 -0.010 -3.28 0.295 — 0.00HSI-H4Y 59,975.4 0.005 1.72 0.295 — 0.00SAPNRG-WA 50,817.7 UNCH UNCH 0.100 — 0.00SUMATEC 46,131.4 UNCH UNCH 0.010 — 0.00HIBISCS 45,551.5 0.010 0.94 1.070 5.73 0.00APFT 45,308.5 UNCH UNCH 0.020 — 0.00JAG 43,637.1 UNCH UNCH 0.080 44.44 2.38EDUSPEC 40,458.3 0.010 50.00 0.030 — 0.00MYEG 37,289.7 UNCH UNCH 1.030 49.05 1.65QES 36,581.0 0.015 6.38 0.250 12.05 0.00VS 35,535.2 -0.010 -1.06 0.935 10.85 4.13BARAKAH 34,992.7 -0.015 -10.34 0.130 — 0.00SEACERA-WC 34,223.4 -0.010 -18.18 0.045 — 0.00KNM 33,563.8 0.005 4.55 0.115 — 0.00HSI-H6F 32,649.7 0.010 2.00 0.510 — 0.00

1,688.83 0.23 4,646.59 5.73 3,239.74 13.42 20,900.63 239.08 27,900.84 531.21 25,883.25 443.861,688.83 0.23 4,646.59 5.73 3,239.74 13.42 20,900.63 239.08 27,900.84 531.21 25,883.25 443.86KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES1,688.83 0.23 4,646.59 5.73 3,239.74 13.42 20,900.63 239.08 27,900.84 531.21 1,688.83 0.23 4,646.59 5.73 3,239.74 13.42 20,900.63 239.08 27,900.84 531.21

KUALA LUMPUR: Th e FBM KLCI reversed earlier gains to end 0.01% lower, along with key Asian markets last Friday, amid foreign selling of local equities. At 5pm, the benchmark index closed at 1,688.83, down 0.23 of a point from last Th ursday’s close of 1,689.06. Earlier in the day, the KLCI hit an intraday high of 1,693.85 after opening 3.23 points higher at 1,692.29. CNBC reported that major Asian stock markets closed lower last Friday, following the release of US retail data overnight, which raised concerns over a slowing American economy. Investors await developments from the ongoing US-China trade negotiations in Beijing. Back to the local equity market, TA Securities technical analyst Steven Soo told theedgemarkets.com that the KLCI had been trading sideways lasday, as foreign selling pressure weighs on Malaysian blue chips. He expects the benchmark index to continue to be range-bound in the near term, pending positive catalysts that could push the KLCI through the 1,705-point resistance level. — by Justin Lim

KLCI reverses early gains to close lower as foreign selling weighs

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

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

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

M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5