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Bank Negara sets up RM1 billion fundto help low-income earners own homes

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

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M A K E B E T T E RDECISIONS

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

WEDNESDAY JANUARY 30, 2019 ISSUE 2820/2019

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

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

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1 6 1 7 F O C U S

New era for Malaysia ‘but we have not seen the sunlight’ — economist

Rapper fi ghts US forfeiture complaint over 1MDB — report

Most accountants confi dent about economic, anti-graft policies

Happy ending to Genting-Wynn dispute

‘Redefi ne 40-year-old poverty rate’

Huawei blocked in US but its chips power many cameras

China woos Malaysia with song as ECRL project hangs in the balance4 H O M E B U S I N E S S

Largely focused on the public sector, it features

115 initiatives to be implemented by 2023.

Ahmad Naqib Idris has the story on Page 3.

NEW ANTI-GRAFT PLAN LAUNCHED

after torrent of scandals

2 WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY

For breaking news updates go towww.theedgemarkets.com

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www.theedgemarkets.com

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DoJ offi cials try to recover about US$38 million from Michel

KUALA LUMPUR: American rap-per Pras, who is a founding mem-ber of 1990s hip-hop group Th e Fugees, is fi ghting the US govern-ment over a multimillion-dollar forfeiture complaint concern-ing 1Malaysia Development Bhd (1MDB), the Associated Press (AP) reported.

The report stated that Pras, whose real name is Prakazrel Samuel Michel (pic), faces alle-gations in a civil forfeiture claim that he aided a scheme to try to get the US Department of Justice (DoJ) to drop an investigation into the embezzlement from 1MDB.

The complaint states that Michel was engaged by the broth-

Rapper fi ghts US forfeiture complaint over 1MDB — report

er of fugitive businessman Low Taek Jho, or better known as Jho Low, to join the illicit lobbying ef-fort, and that Michel had helped by opening bank accounts under false pretenses to fi nance the scheme, AP reported.

Th e report added that the DoJ offi cials are trying to recover rough-ly US$38 million (RM156 million) from Michel that they say can be connected to that eff ort.

Barry Pollack, the rapper’s law-yer, had asked for the complaint to be dismissed.

AP reported that Pollack said that the DoJ had failed to present suffi cient allegations of bank fraud, conspiracy and false statements, or that the funds in the accounts the government wants to seize

were proceeds of fraud.He then requested for a hearing

on his arguments.Meanwhile, Michel has denied

any wrongdoing.AP reported that a former DoJ

official, George Higginbotham, pleaded guilty in November for his role in that lobbying, marking the fi rst public acknowledgement of a secret attempt to pressure Amer-ican offi cials to drop their probe into 1MDB.

Prosecutors say Higginbotham, who worked on the congressional affairs staff in the DoJ’s Office of Justice Programs, helped open bank accounts and created false loan documents for shell com-panies as part of the scheme, AP reported.

KUALA LUMPUR: Shareholders of Red Sena Bhd will receive the fi rst distribution of the monies held in its cash trust account on Feb 14.

In a fi ling with Bursa Malaysia yesterday, the unsuccessful food and beverage special-purpose ac-quisition company (SPAC) said the liquidators will be making the fi rst distribution representing 99.8% of the monies held in the cash trust account as at Feb 13, 2019 to the entitled shareholders.

Red Sena shareholders will re-ceive 50.793 sen for every one share held in the company.

However, based on the record of depositors at Bursa Malaysia Depository Sdn Bhd as at Jan 15, 2019, the management team of Red Sena, comprising Tan Sri Koh Kin Lip, Datuk Tan Ang Meng, Ismail Abd Halim, Tan Eng Guan, Yoong Kah Yin and Ong Kuee Hwa and persons connected to them, will not participate in the distribution of the cash trust account.

As at Dec 17, 2018, the cash trust assets and the non-cash trust as-sets stood at RM404.46 million and RM16.91 million respectively.

Trading of Red Sena shares was suspended on Jan 16, after the SPAC failed to secure a qualifying acqui-sition by its Dec 10, 2018 deadline.

Th e SPAC, which was listed on Bursa Malaysia on Dec 10, 2015, had previously attributed its failure to sign a conditional sale and purchase agreement to concerns with deal certainty and unrealistic valuation.

Red Sena shareholders to receive fi rst distribution on Feb 14

KUALA LUMPUR: CapitaLand Ma-laysia Mall Trust (CMMT) closed 2018 with a lower net property in-come of RM214.97 million, down 9.4% from RM237.15 million in 2017.

Revenue came in 5.1% lower at RM350.15 million for the 12 months ended Dec 31, 2018 (FY18) compared with RM368.93 million for FY17.

In the new year, CMMT is bank-ing on Sungei Wang’s new fi ve-sto-rey annexe block to boost rental contribution in FY19, in addition to continued strong performance of its malls outside of the Klang Valley — Gurney Plaza in Penang and East Coast Mall in Kuantan, Pahang.

At a press briefi ng here yester-day, Low Peck Chen, chief exec-utive offi cer of CMMT’s manager CapitaLand Malaysia Mall REIT Management Sdn Bhd, said the “numbers should be better this year than those in FY18”.

She expects contribution from the annexe block to kick in from the second half of FY19 when it is open to shoppers in early June.

“Th e [rental] renewals are stag-gered throughout each quarter, depending on the malls, but it (the stronger performance this year) is particularly so because of the completion of our asset enhance-ment initiatives (AEIs) in the fi rst half [of 2019] and we can enjoy the upside in the second half from the rental contribution,” she said, referring to its 62%-owned Sungei Wang property.

Low said about 30% of the ten-

CapitaLand Malaysia sees better 2019 with DPU in region of 8 sen

ants at Sungei Wang’s new annexe block, branded as “Jumpa”, have been secured, including mini-an-chor Camp5 Plus, food and bev-erage (F&B) as well as fashion accessories tenants.

“Realistically speaking, for Sungei Wang, given the current competitive landscape, I wouldn’t say [contribution] would sudden-ly spike; it will be a gradual im-provement in that sense.”

Low said there will also be AEI works at Gurney Plaza over FY19 and FY20, with capital expendi-ture estimated at RM15 million.

CMMT will also focus on ramp-ing up occupancy at 3 Damansara in Petaling Jaya and Th e Mines in Seri Kembangan this year by bringing in more F&B tenants, she said.

Low viewed the retail land-scape in the Klang Valley as com-petitive given the incoming retail stock supply seen to be “overpow-ering” demand.

Overall, consumer sentiments are expected to remain cautious in the first half of this year [as the people are] awaiting better clarity from the Pakatan Hara-pan-led government’s policies in promoting the domestic econo-my, she added.

On acquisitions, Low said there

is a “keen interest” to acquire quality and mature sponsor as-sets such as Queensbay Mall in Penang or other third-party as-sets, should there be an off er.

“We want to hit a distribution per unit (DPU) in the region of eight sen, for the full year. Our highest DPU so far was 8.9 sen in 2014. If there is any acquisition, it will be key to CMMT. We are always on the lookout.”

Yesterday, CMMT announced a 35% drop in its net profi t for the fourth quarter ended Dec 31, 2018 (4QFY18) to RM34.63 million, from RM53.65 million a year ago, impacted by lower contributions from its Klang Valley malls.

Net property income fell 8.2% to RM52.83 million from RM57.57 million in 4QFY17.

Revenue also contracted 5.5% to RM86.91 million, from RM92.01 million in 4QFY17.

CMMT, in its fi ling with Bursa Malaysia, attributed the weaker quarterly performance to a lower occupancy at Sungei Wang, Th e Mines and 3 Damansara; a down-time from AEI works at Sungei Wang; as well as lower rental rates at Sungei Wang and Th e Mines.

It is proposing a fi nal income distribution of RM79.3 million or 3.88 sen per unit, payable on March 8. Th is brings its full-year DPU to 7.90 sen, lower than 8.22 sen in FY17.

For FY18, CMMT turned in a 16.3% decline in net profi t to RM135.63 million from RM162.10 million in FY17. Revenue came in 5.1% lower at RM350.15 million from RM368.93 million.

AFP

Consumer sentiments are expected to

remain cautious in the fi rst half of this year.

H O M E B U S I N E S S 3WEDNESDAY JANUARY 30, 2019 • THEED G E FINANCIAL DAILY

New anti-graft plan after slew of scandalsLargely focused on the public sector, it features 115 initiatives

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

Political governance1. New legislation on governing political funding2. A proper asset declaration system for members of the administration

and parliament3. Policy improvement on acceptance of gifts, entertainment and

payment by members of the administration4. Prohibition of supporting letter issuances for projects or

applications5. Introduction of a prime minister’s directive in governing

demarcation of power between ministers and secretaries-general6. Policy on appointing politicians as chairpersons or members as

directors of statutory bodies, state-owned enterprises (SOEs) and government established companies limited by guarantee (CLBGs) based strictly on academic and professional qualifi cations

Public sector administration7. Strengthening the mechanism to enforce mandatory job rotation

for public servants holding sensitive posts8. Managing the involvement and appointment of senior government

offi cials as directors and CEOs in all SOEs and statutory bodies9. Strengthening the process of integrity vetting for public offi cials

holding positions with high risk or responsibility10. Introduction of a guideline on appointment of special offi cers and

political, private and media secretaries for ministers and deputy ministers

11. Governing the power of any highly infl uential person on local authority performance and decision-making

Public procurement12. Ensuring all client departments and regulators execute projects

based on the recommendation of technical departments13. Creating accountability and transparency in defi ning the power

of ministers as stipulated in legal provisions, especially in procurement and the fi nancial system

14. Introduction of standard clauses in undertakings of project procurement to protect the government’s interest in projects and contracts

Legal and judicial15. Promoting clear separation of powers and impartiality16. Prioritisation for corruption cases to be handled by judges and

public prosecutors who are trained or experienced in such cases

Law enforcement17. Integration of relevant agencies for better border control18. Improving the existing foreign workers’ centralised management

system19. Transforming the Enforcement Agency Integrity Commission

(EAIC) into the Independent Police Complaints and Misconduct Commission (IPCMC) to address misconducts among members of the Royal Malaysia Police

20. Introduction of a new provision in the MACC Act for off ences against any commercial organisation or person selling off a government project or tender to another party for monetary gains without undertaking the project or tender

Corporate governance21. Introduction of the integrity vetting requirement as a selection criterion

of top management positions in statutory bodies, SOEs and CLBGs22. Imposition of a conditional approach on the purpose and utilisation

of funds provided by the government to all statutory bodies, SOEs and CLBGs

Source: National Anti-Corruption Plan 2019-2023

The NACP’s 22 key initiatives

PUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad vowed yester-day that the government “will fi nd a way” to regulate political funding in the country, after launching the fi ve-year National Anti-Corruption Plan (NACP).

Under the plan, one of the key initiatives of the 115 outlined is to introduce a legislation to govern political funding, which will classify lobbying as a punishable off ence.

Dr Mahathir said the govern-

Dr M vows Malaysia ‘will fi nd a way’ to regulate political fundingBY S YA H I R A H S Y E D J A A FA R ment is now discussing how po-

litical funding can be regulated to ensure it would not be regarded as a bribe for political parties and the government.

“Political parties need funding, if not they cannot function. Th ese days, the cost of being involved in politics is quite high. So we must have a source of funding, and en-sure it is legitimate and recognised by the government.

“It is a diffi cult process but we will fi nd a way,” Dr Mahathir told reporters after the launch.

Th e Governance, Integrity and Anti-Corruption Centre (GIACC) director-general Tan Sri Abu Kas-sim Mohamed reiterated that dis-cussions are underway on the pro-posed law with all stakeholders, including political parties.

“Among the concerns consid-ered is, ‘Can a person receive a do-nation individually because some-one [else] wanted to donate to him or her, and not necessarily to the party?’ We are also looking into is-sues of amount as well as processes.

“Th ere will also be a punitive

clause for situations like if you don’t disclose the funding and so on. It is all being discussed,” Abu Kassim told reporters separately.

Also being discussed is wheth-er foreign donations should be al-lowed.

He expects a few more meetings to be convened before presenting the feedback to the cabinet. Th e drafting of the law will be left to the Attorney-General’s Chambers, he added.

Asked for a time frame, he said he is hoping to conclude discus-

sions on the proposed law “as soon as possible”.

“Political parties have been very cooperative in terms of discussion and giving suggestions. In principle, they agree to have this legislation in place to ensure discipline and transparency,” Abu Kassim added.

The NACP, developed by the GIACC in cooperation with other government agencies, is a com-prehensive fi ve-year plan detailing the government’s overall planned eff orts to overcome issues of gov-ernance, integrity and corruption.

PUTRAJAYA: Amid the slew of fi nan-cial scandals seen since the change in regime last year, such as the ones involving 1Malaysia Development Bhd, Lembaga Tabung Haji and the Federal Land Development Authori-ty, the Pakatan Harapan government yesterday launched a fi ve-year ac-tion plan to stem similar misdeeds in the future.

During his opening speech, Prime Minister Tun Dr Mahathir Moham-ad pointed to the previous National Integrity Plan introduced in 2004, aimed at inculcating a culture of in-tegrity among the people, which he said did not really help in curbing corruption.

“In fact, the problem became worse between the time the plan was introduced and a few years ago when the country was perceived as a kleptocracy, a very shameful label, which means that the government was being led by the corrupt and thieves that exploited the country and its people’s resources for personal gain,” said Dr Mahathir.

“While the new government has taken action to bring the corrupt to justice, subsequent measures need to be taken to ensure the widespread culture of bribery and corruption does not continue. Th is is the context in which the National Anti-Corrup-tion Plan (NACP) has been created,” he said.

In formulating the plan, the gov-ernment assessed various data, in-cluding reviews by the United Nations Convention against Corruption, glob-al anti-corruption models, corrup-tion perception surveys, data from various government agencies, input from stakeholders and the public and recommendations from other entities such as Asean Development Bank and Transparency Internation-al Malaysia.

Th e NACP outlines 115 initiatives to be implemented by 2023, as the government looks to root out corrup-tion over the next fi ve years.

Th e plan is largely focused on the public sector, in line with the fi nd-ings from surveys by Transparency International and the Governance, Integrity and Anti-Corruption Centre (GIACC), which found that about half of Malaysian respondents perceive lawmakers, government officials, local councillors, tax collectors and police offi cers as the most involved in corruption.

Meanwhile, 23% of respondents said they had bribed public offi cials in public schools, hospitals, utilities services, the police force and courts over the course of a year, while the Malaysian Anti-Corruption Com-mission highlighted that 63.3% of corruption complaints involve the public sector.

“It can be said that the civil service is a segment that is exposed to brib-ery, especially those that are involved in the delivery of public service and procurement. A study found that civil servants have a lack of understand-ing of bribery.

“We hope that the NACP can im-prove the image and quality of public service as well as the perception of the people towards the civil service,” said Chief Secretary to the Government Datuk Seri Dr Ismail Bakar.

Key initiatives to be implementedOut of the 115 initiatives, the plan highlighted 22 priority initiatives aimed at addressing six key areas where corruption is rampant, namely in political governance, public-sector administration, public procurement, legal and judicial, law enforcement and corporate governance.

Under political governance, the government intends to introduce new legislation on governing political funding which will include an off ence on lobbying as well as to implement a proper asset declaration system for members of the administration and members of parliament.

Other initiatives include a bet-ter policy on acceptance of gifts and the prohibition of the issuance of supporting letters by members of

the administration or any highly in-fl uential persons for any projects or applications.

To address issues in public-sector administration, the government’s plans include the strengthening of the mechanism in enforcing man-datory job rotation for public serv-ants holding sensitive posts and the management of the involvement of senior government officials as di-rectors and chief executive offi cers of all state-owned enterprises and statutory bodies.

A transparent guideline on the appointment of special offi cers, po-litical, private and media secretaries for ministers and deputy ministers will also be implemented.

In terms of procurement, the NACP seeks to ensure that all de-partments and regulators execute projects based on the advice and recommendation of technical de-partments such as the Public Works Department and to create account-ability and transparency in defi n-ing the powers of a minister in legal provisions.

For the legal and judicial system, the government wants to promote a clear separation of powers and im-partiality, such as the separation of the powers of the attorney-general and the public prosecutor, as well as to prioritise for corruption cases to be handled by judges and public prosecutors who are experienced in such cases.

In terms of law enforcement, the key initiatives include the integration of relevant agencies to improve bor-der control and the transformation of the Enforcement Agency Integrity Commission into the Independent Police Complaints and Misconducts Commission to address integrity is-sues among the members of the Royal Malaysia Police.

All of these initiatives are expected to be implemented within one to fi ve years’ time with the GIACC acting as the secretariat, evaluating the yearly performance and eff ectiveness of the initiatives.

4 H O M E B U S I N E S S WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY

DRB-Hicom unit, China fi rm to jointly develop car parts here

KUALA LUMPUR: China is hop-ing a song will remind Malaysia of warmer relations in the past, as an RM81 billion project it backs in the Southeast Asian nation hangs in the balance, according to Bloomberg.

The Chinese embassy here released the song on its Facebook page to commemorate 45 years of diplomatic relations between the two coun-tries. Titled Bahu Kiri or left shoulder in Ma-lay and sung in Man-darin, the lyrics speak of a friendship against all odds while harking to the South China Sea as “heart-rending” and re-minding both nations that they share one shoreline, reported the foreign newswire.

“My right shoulder protects you from the wind and the rain, my left shoulder is for you to hang on to,” the song goes.

Th e song was released on Sun-day, a day after Economic Aff airs Minister Datuk Seri Mohamed Azmin Ali revealed that the cab-inet had decided to cancel the the East Coast Rail Link (ECRL)

project with China Communica-tions Construction Co (CCCC) as the main contractor.

CCCC took steps last Th urs-day to rationalise its workforce following the Malaysian fi nance ministry’s instruction last year to suspend related contracts.

But Free Malaysia Today reported Prime Minister Tun Dr Ma-hathir Mohamad as say-ing yesterday evening that the government has yet to decide on the project, and that there might be more negoti-

ations on it.“At this mo-

ment no fi nal de-cision has been

made. Some decisions were made but now we have to fi nd a better solution. We are still negotiating. Give time to both sides to come up with a solution,” he said in the report.

Dr Mahathir further said he would leave it to Finance Minister Lim Guan Eng to announce the decision once “he has completed negotiations”.

Meanwhile, the Chinese em-bassy has said it would be re-leasing the Malay version of the song soon.

PUTRAJAYA: The fate of the controversial RM81 billion East Coast Rail Link (ECRL) project will be known soon as Finance Minister Lim Guan Eng is due to issue a statement on the mat-ter, says Prime Minister Tun Dr Mahathir Mohamad.

Th e premier, however, ac-knowledged that an error had occurred during the dissemi-nation of information on the project over the weekend.

“Sometimes some ministers make announcements before they are due. I admit that a mistake was made and we are going to correct that mistake,” he told a press conference after the launch of the National An-ti-Corruption Plan yesterday.

“Th e fi nance minister will soon give a clear explanation as to what had happened,” he added.

On Saturday, Economic Af-fairs Minister Datuk Seri Mo-hamed Azmin Ali revealed that the cabinet had decided to can-cel the ECRL after reviewing the costs which were deemed too high and beyond the govern-ment’s fi nancial capabilities for the time being. “If the pro-ject is not terminated, the gov-ernment will have to bear the interest rate of about RM500 million a year,” he had said.

Just hours after Mohamed Azmin’s announcement, Guan Eng was reported as saying at

another function that he was shocked by Mohamed Azmin’s announcement.

Yesterday, Dr Mahathir explained that Malaysia can-not just take on the multibil-lion ringgit project due to the country’s current heavy debt burden. “We have to cut back on some of the expenditure incurred by the previous gov-ernment. It is not because we don’t want to honour our con-tracts but we just cannot pay [them],” he added.

The prime minister also noted that the ECRL contract “will impoverish” Malaysia and seeks the understanding of the parties concerned regarding the country’s current fi nancial position.

Asked whether the com-pensation sum to be paid if the China-backed project is called off is a concern to the government, Dr Mahathir said the amount will not be as big as the cost of the contract, which will be carried over the next 30 years.

In a separate event yester-day, Guan Eng said he has been advised by Dr Mahathir during a meeting earlier not to make any further statement on the ECRL for now.

“So, wait for the statement,” he told reporters after launch-ing a RM1 billion fund estab-lished by Bank Negara Malay-sia to facilitate lower income earners to purchase aff ordable homes nationwide.

New era for Malaysia ‘but we have not seen the sunlight’Economist says greater clarity on policies will reduce market confusion

BY W O N G E E L I N

To listen to the song, scan the QR code above

Wait for my statement on ECRL, says Guan EngBY A H M A D N A Q I B I D R I S

& C H E S T E R TAY

China woos Malaysia with song as ECRL project hangs in the balance

KUALA LUMPUR: Malaysia is seen lacking in concrete ideas and clarity on economic policies amid administrative flip-flops eight months after the Pakatan Hara-pan took over the government.

Alliance Bank Malaysia Bhd chief economist Manokaran Mot-tain (pic) said greater clarity on pol-icies will reduce market confusion.

“In Malaysia, we came into a new era ... dawn of a new era. It’s been eight months but we have not seen the sunlight,” he told report-ers on the sidelines of the Kings-ley Strategic Institute’s Malaysia Economic and Strategic Outlook Forum 2019 here yesterday.

“Much can be done. Th ere is no clear direction on the construction sector, for instance. Th ere is too much divergence from the min-isters. Hopefully, they can come out with some changes in the eco-nomic environment given that we are going through a tough time,” Manokaran said.

Nevertheless, he expects the country to see fi rmer economic policies by May this year.

“Hopefully they can come out with some changes in the eco-nomic environment given that we are going through a tough time,” added Manokaran.

He also noted a need for com-munication between the govern-ment and the investing fraternity.

With more clarity on policies, this will reduce the confusion in the market, which will then

prevent the market from further dampening, he said.

Earlier at a panel discussion, Manokaran highlighted that the current slow wage growth is still in-suffi cient to help Malaysia achieve high-income nation status by 2023, adding that the labour productivity is still below par.

He said there is a need for wage growth to be more than 3% com-pared with the current average 2.4%.

Noting the need for highly skilled labour in Malaysia, Ma-nokaran said the high-skilled jobs are around 25% in Malaysia, com-pared with 50% in the US.

“We need more initiatives from the government. People look into more incentives on how to trans-form job structure from the low-skilled jobs to high-skilled. We talk about it, but no action has been taken,” he said, adding that Malay-sia has to reduce its dependence on foreign labour.

Meanwhile, International Trade

and Industry Minister Datuk Darell Leiking said he is hopeful that the ongoing negotiations on the Re-gional Comprehensive Economic Partnership will be concluded by the end of the year.

Th e negotiations are progress-ing well and are more than 50% completed currently, he said.

Leiking, however, stressed that certain unforeseen issues that had emerged may delay the talks.

He said the Asean countries are working to include the best terms for each country in order to come out with a “high standard” agreement.

“The agreement will encom-pass various issues such as the trade war, and it will be of a much higher standard than many other agreements that we have entered into before,” said Leiking.

When asked about government adviser Tun Daim Zainuddin’s pro-posal for a merger of the interna-tional trade and industry and the foreign aff airs ministries, Leiking said: “It is always good that there is an innovative proposal, but it doesn’t mean that it is going to happen. It can only [be decided by] the prime minister”.

“I don’t know the intrinsic in-formation over the proposal. But I look at it this way. Look at the cabinet as a singular unit that we are together with the prime min-ister presiding over all ministers.

“I think both ministries are do-ing very well with their respective duties,” said Leiking, when asked whether he is open to the idea.

KUALA LUMPUR: DRB-Hicom Bhd’s 51%-owned indirect sub-sidiary Hicom-Teck See Manufac-turing Malaysia Sdn Bhd (HTS) is partnering Shanghai-listed Jiangsu Xinquan Automotive Trim Co Ltd (XQ) to jointly design, develop and manufacture instrument panels, fl oor consoles and door trims and related components for vehicles, in Malaysia.

In a fi ling with Bursa Malaysia yesterday, DRB-Hicom said HTS had entered into a shareholders’ agreement with XQ to form a joint venture (JV) company in Malaysia called Xinquan-Hicom Malaysia Sdn Bhd for the purpose.

XQ will hold a controlling 51% stake in the JV company, while

HTS will own the remaining 49%.“Via the participation of HTS in

the JV company, the DRB-Hicom group will be able to continue sup-porting Proton’s business, which includes expansion into the Ase-an market.

“Th e JV company is also target-ing to penetrate the Asean market with products manufactured using new technology,” said DRB-Hicom.

It added that HTS proposes to fund its initial capital contribution for the JV company from its inter-nal funds and bank borrowings.

HTS is a 51%-owned subsidiary of Hicom Holdings Bhd, which in turn is a wholly-owned unit of DRB-Hicom. Th e company is in-volved in the manufacturing and

sales of thermo plastic and thermo setting products.

Meanwhile, XQ’s principal ac-tivity is manufacturing and sales of automotive body parts.

“Upon receipt of the relevant approvals from the Chinese gov-ernment for overseas investment, XQ will assign its rights and obli-gations under the shareholders’ agreement to Xinquan Develop-ment Hong Kong Ltd, a whol-ly-owned subsidiary to be in-corporated in Hong Kong,” said DRB-Hicom.

“Barring any unforeseen cir-cumstances, the proposed JV is expected to contribute positively to the future earnings of the group,” it added.

PHOTO BY SAM FONG

H O M E B U S I N E S S 5WEDNESDAY JANUARY 30, 2019 • THEED G E FINANCIAL DAILY

RM1b fund to help low-income earners own homesBank Negara fund has a lower lending rate of up to 3.5%

BY C H E S T E R TAY

KUALA LUMPUR: Bank Nega-ra Malaysia (BNM) has launched an RM1 billion Aff ordable Home Fund (AHF) to help lower-income earners nationwide own their fi rst homes. Th e programme was fi rst announced by Putrajaya during the tabling of Budget 2019 last year.

Speaking at the AHF’s launch yesterday, central bank gover-nor Datuk Nor Shamsiah Mohd Yunus said AHF had a lower in-terest rate of up to 3.5% and is expected to lower the monthly housing instalment by 23%, com-pared with available fi nancing options in the market.

“Nevertheless, the lower fi -nancing rate under AHF should be seen as a temporary facility, which is only meant for a limited time, and be executed prudently.

“Th is is to ensure that home fi nancing will remain sustainable, where home fi nancing rates have to refl ect the actual cost of risks faced by fi nancial institutions, and by taking into consideration cost of fund, administrative costs and liquidity risks,” she said.

Th e programme is available for two years starting from Jan 2 this year. It is meant for Malaysians with a maximum monthly house-hold income of RM2,300, with no record of impaired fi nancing for the past 12 months. Loan tenures will be off ered up to 40 years, or 70 years of the applicant’s age, whichever is shorter.

Th e maximum property price permitted under the scheme is RM150,000, and only those from the

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

KUALA LUMPUR: Th e specifi -cations for developers to build aff ordable homes that are larg-er than the current norm under a new National Housing Policy (NHP) 2018-2025 could erode profi t margins of property de-velopers, say analysts.

CIMB Research said at present, the sizes of aff ordable homes range from 700 to 800 sq ft, with the Kuala Lumpur City Hall setting the min-imum requirement at 700 sq ft.

“We think larger aff ordable homes could further erode de-velopers’ margins if no incentives or subsidies are given to private developers,” the fi rm said in a note to clients yesterday.

According to a report by Edge-Prop.my on Monday, the NHP off ers a clear guideline under the aff orda-ble housing policy for developers to build quality aff ordable homes for the Bottom 40% (B40) group.

The specifications include built-ups of not less than 900 sq ft and types of facilities and infra-structure that need to be included in the development. It was also reported that these homes are to be priced below RM300,000.

AllianceDBS Research concurred on the higher costs for the property sector and noted that there are still structural challenges for developers with the unveiling of the NHP.

“Intense competition for af-fordable housing is likely to con-tinue as home ownership for the B40 remains the priority of the government’s agenda.

“We believe there will be strict-er government enforcement on future approvals for new property developments. An increasing cost burden is expected to persist for developers which will pressure their profi t margins,” the research fi rm said in a note yesterday.

Under the NHP, the government is targeting to build one million aff ordable homes over the next 10 years, with the target broken down to 100,000 homes per year.

On this, CIMB Research said as of the fi rst half of last year, 31% of the unsold residential units were priced less than RM250,000.

“Th e upcoming one million units of aff ordable homes could pose a threat to the property mar-ket if the issue of oversupply and aff ordability are not tackled ac-cordingly,” it added.

Developers’ margins seen to be hit by new policy

Th e Institute for Democracy and Economic Aff airs (IDEAS) senior fellow Dr Carmelo Ferli-to questioned if there is a need for more aff ordable houses.

“On the specifi c issue of the 900 sq ft houses to be sold at [below] RM300,000, the fi nal outcome will depend on how the plans are going to be im-plemented,” he told Th e Edge Financial Daily via email.

“Margins for developers can be preserved only in two ways, with subsidies [and therefore] further costs for the govern-ment that are to be borne by taxpayers, or with the choice of lower quality materials.

“I do not see who is going to win in such a game, given also the fact that the number of unsold units below RM 250,000 is on the rise,” added Ferlito.

Ferlito is of the view that house prices cannot simply be fi xed by a central authority or a pool of experts.

“How is it possible to know that a 900-sq ft house [priced] at RM300,000, and in a certain quantity, is what the market needs? Such information can only be generated in the mar-ket. A central plan, on the oth-er hand, is quite the opposite.

“To believe that prices are simply a function of costs is not to understand the true nature of prices, which is the synthe-sis result of billion of subjective evaluations. A price not result-ing from the interplay of mar-ket forces is just a meaningless number, which will impede to appreciate the profi tability, or not, of a certain project,” he said.

Meanwhile, AmInvestment Bank, in its note on the prop-erty sector yesterday, said it is positive on the National Home Ownership Campaign, which is a programme under the NHP where 180 developers will off er 22,000 housing units worth a to-tal of RM22.5 billion with at least a 10% discount at an exposition planned from March 1 to 3.

“Th is will help developers clear unsold stock while at the same time generate cash fl ows from these inventories [albeit with] lower margins, thus pro-viding them huge savings on fi nancing costs and alleviating the [property] overhang situa-tion,” it said.

primary market — meaning homes that are sold by property developers — including homes under construction.

Applicants are also required to first participate in a mandatory financial education programme under the Credit Counselling and Debt Management Agency (AKPK), called “Rumahku”. It is an online learning programme crafted to ed-ucate borrowers on how much they can borrow, and their financial obligations and responsibilities.

Applicants will be required to provide the certifi cate number of the completed online learning pro-gramme before their fi nancing ap-plications are processed.

Participating fi nancial institu-tions (PFIs) under AHF include AMMB Holdings Bhd (Ambank), Bank Simpanan Nasional, CIMB Group Holdings Bhd, Malayan Banking Bhd and RHB Bank Bhd.

CIMB Group chief executive of-fi cer Tengku Datuk Seri Zafrul Aziz, who was at the launch, said the bank looks forward to more collaborations with the government and BNM.

“Having decent housing is a ba-sic human right and helping the B40 and M40 (bottom 40% and middle 40%) own homes is the fi rst step towards elevating their fi nan-cial standing. We look forward to working with the government and BNM on this and future initiatives to help the deserving improve their socio-economic well-being, which will also benefit the Malaysian economy in the long run,” he said.

Borrowers are not allowed to sell their homes within the fi rst fi ve years from the date of the last loan disburse-ment. If they do so, a 2% penalty on

the outstanding fi nancing will be im-posed by the PFIs on the borrowers.

Under the programme, par-ticipants can also seek for down payment support, where the sum will be made part of the fi nancing sought — meaning a 100% loan — subject to the PFI’s assessment.

Th ere is also no fi nancing ap-plication processing fee under this programme, and purchasers can enjoy stamp duty exemptions.

Finance Minister Lim Guan Eng, who officiated the programme’s launch, said since it has been made available on Jan 2, BNM has re-ceived 16 applications, of which fi ve have been approved, and 11 are still being processed.

“We will keep thinking of creative ways to bridge the last mile of home ownership because many people cannot get loans. I always argue this with the bankers — they always say [the] loan rejection rate is below 30%, but I told them these were those who applied — there are many more out there who are not even eligible to submit an application,” he said.

Programme to boost demand for properties below RM150,000Real Estate & Housing Developers’ Association Malaysia (Rehda) pres-ident Datuk Soam Heng Choon, who was also present, said AHF is expected to boost demand for properties below RM150,000.

“Th is new fund will defi nitely be useful in helping fi rst-time homebuy-ers, especially for properties below RM150,000. Of course, the question being raised now is ‘are there prop-erties below RM150,000?’ Defi nite-

ly, there are. Even in Selangor, we have the Rumah Selangorku [pro-gramme], where we have diff erent categories of houses — and there is a category below RM150,000.

“Rumah Mampu Milik Johor also has [it], [so do] Kedah, Per-lis, Pahang, Kelantan, Terengga-nu, and even in Penang. These are the states that have diff erent categories of aff ordable housing.

“We hope that with this new scheme, it will help to spur the in-dustry, given that it has been qui-et for a while now,” Soam added.

Soam also pointed out that loca-

tion is no longer the sole factor that determines the success of a prop-erty development project today.

“Th e overhang may be because of [the] wrong location, product and pricing. Today, properties are no more ‘location, location, location’. It is [the] ‘location, price and product’, these three things have to match to be successful,” he explained.

“If people want landed homes [in one place] and you build a high rise, people won’t buy. If you build a house that is RM1 million where people are earning RM3,000 month-ly, nobody will buy either,” he added.

Guan Eng (centre) launching the Aff ordable Home Fund yesterday. Also present were Housing and Local Government Minister Zuraida Kamaruddin (second from left), Deputy Finance Minister Datuk Amiruddin Hamzah (left), Nor Shamsiah (second from right) and AKPK chairman Anuar Mohd Hassan. Photo by Bernama

6 H O M E B U S I N E S S WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY

Accountants confi dent about economic, anti-graft policiesMost of them expect a positive impact on the economy, businesses — survey

Pavilion REIT 4Q net property income up 13%

Eita Resources forms 70:30 JV with police cooperative

BY J U S T I N L I M

BY A R J U N A C H A N D R A N S H A N K A R

BY C H E S T E R TAY

KUALA LUMPUR: Uzma Bhd plans to buy another 15% stake in Seteg-ap Ventures Petroleum Sdn Bhd for RM36 million cash.

Uzma said the proposed acquisi-tion allows the group to increase its equity interest in Setegap Ventures, as well as to consolidate a higher percentage of the latter’s earnings.

“With Setegap Ventures, the group is able to provide a more compre-hensive and integrated solutions to customers,” it added.

In a fi ling with Bursa Malaysia yes-terday, Uzma said its wholly-owned subsidiary Tenggara Analisis Sdn Bhd had entered into a condition-al share sale agreement with Nasri Nasrun Ventures Sdn Bhd (NNVSB) to acquire 694,350 shares in Setegap Ventures.

Uzma already owns 49% of Seteg-ap Ventures via Tenggara. NNVSB owns a 15% stake, Datuk Nasri Nas-run (22%) and Mohd Zulhaizan Mohd Noor the remaining 14%. Nasri is the sole director and shareholder of NNVSB and also Setegap Ventures’ managing director and director.

The proposed acquisition will raise Uzma’s stake to 64% in Seteg-ap Ventures – which provides support services to the oil and gas (O&G) industry such as well pumping and coil tubing. “Such services are com-

plementary to the existing services of Uzma and its subsidiaries such as geoscience and reservoir engi-neering, drilling as well as project and operation services for the O&G industry,” said Uzma.

Setegap Ventures has been con-tributing positively to Uzma’s earn-ings since Tenggara's acquisition of 30.02% and 18.98% equity interest in the company in January 2012 and January 2015 respectively.

For the 18-month fi nancial period ended June 30, 2018, Setegap Ven-tures contributed RM10.39 million to the group's pre-tax profi t.

“Despite a downturn in the local O&G sector, Setegap Ventures actu-ally expanded its operations, evident from the doubling of its workforce from 166 as at Dec 31, 2015 to 317 as at Dec 31, 2018,” said Uzma, adding that Setegap Ventures has plans to expand its off erings of other support services for the O&G industry.

“With a recent uptick in explora-tion and production activities fol-lowing the rebound in crude oil pric-es since early 2016, coupled with the business initiatives undertaken by Setegap Ventures, its prospects appear positive moving forward,” it added. Th e proposed acquisition is expected to be completed by the fi rst quarter of 2019.

KUALA LUMPUR: Pavilion Real Estate Investment Trust’s (REIT) total net property income (NPI) increased 13.4% to RM100.98 mil-lion in the fourth quarter end-ed Dec 31, 2018 (4QFY18) from RM89.06 million a year ago, on higher revenue. Th is resulted in an improved earnings per share of 3.3 sen for 4QFY18 compared with 2.73 sen for 4QFY17.

Quarterly revenue was up 13.6% to RM147.06 million from RM129.45 million a year ago, which the REIT attributed to in-

Uzma to buy another 15% stake in Setegap Ventures

EDITOR’S PICKS FROMtheedgemarkets.com

come contribution from its new property Elite Pavilion Mall acquired at end-April 2018; a higher rental in-come from Pavilion Kuala Lumpur Mall after a repositioning exercise; and a higher occupancy rate at the Intermark Mall.

However, this revenue was off set by a lower occupancy rate at the Da Men Mall, said Pavilion REIT. It also declared a fi nal income dis-tribution of 4.44 sen per unit for FY18, payable on Feb 28.

For FY18, Pavilion REIT's total NPI rose 16.1% to RM374.79 mil-lion from RM322.91 million in the previous year. Revenue grew 13.3%

KUALA LUMPUR: Most account-ants and fi nancial professionals in a survey are expecting government policies addressing economic is-sues and combating corruption to have a positive impact on local businesses’ performance.

With 399 participants, the survey was jointly commissioned by the Malaysian Institute of Account-ants (MIA) and the Association of Chartered Certifi ed Accountants (ACCA).

Th e survey’s fi ndings were re-vealed in the MIA and ACCA’s in-augural business and econom-ic outlook 2019 report launched yesterday to provide insights from the collective view of accountants and fi nance professionals in the country.

Two-thirds or 68% of them picked confi dence in government policies addressing economic issues and corruption as a key factor that will positively impact Malaysia’s business and economic perfor-mance for 2019.

Other main domestic drivers seen are the country’s sustainable

indicator of manufacturing per-formance — recorded 46.8 in De-cember 2018, its lowest level since the survey started in July 2012,” the report noted.

Many are positive on China's Belt and Road InitiativeOn external factors, despite the controversies concerning China’s Belt and Road Initiative, over half or 53% of the respondents believe it could have a positive impact on the Malaysian economy, with only

less than 10% concerned about a possible negative impact.

Meanwhile, 34% of the respond-ents see Asean’s strong growth po-tential as a signifi cant positive for the economy in 2019.

In terms of external headwinds, only 27% of the respondents are wary of the US-China trade war’s impact on local businesses. How-ever, among fi nance directors and chief fi nance offi cers, the rate is 31%, refl ecting a stronger recog-nition of much larger implications

Key factors that will have a positive impact on Malaysia’sbusiness and economic performance for 2019

Source: MIA and ACCA’s Business and Economic Outlook 2019 report

economic growth (40%), a weak ringgit seen boosting exports and dollar-denominated revenue (40%), and buoyant consumer spending (35%).

On impediments seen, 33% of the respondents are concerned that changes in government policies could have a detrimental impact on Malaysia’s business and economic performance.

However, the biggest impedi-ment to growth chosen is the rising cost of living (61%). Th is is followed by a high government debt-reduc-ing public sector investment ex-penditure (43%), and the scaling down of large public-private and infrastructure projects (28%).

As to whether the local econ-omy’s performance would aff ect businesses this year, 41% of re-spondents — the largest group — expect things to remain unchanged.

However, a sizeable 34% pre-dicts their businesses will be neg-atively aff ected. “Th ese concerns appear supported by recent meas-ures of manufacturing activities and business confi dence. Th e headline Nikkei Malaysia Manufacturing Purchasing Managers’ Index — an

from any escalation of the US-Chi-na tensions.

On the industries with the great-est growth potential, information technology (IT) or telecommuni-cations comes first, with 47% of respondents choosing it; followed by healthcare and medical (35%); and hospitality and tourism (34%).

Construction tops the list of the most challenging industries for the year, according to 54% of the re-spondents, followed by property (50%) and manufacturing (29%).

“Th e reading about IT, technol-ogy and telecommunications [with the greatest growth potential in 2019] is consistent with world and regional readings,” said ACCA re-gional policy consultant Sharath Martin.

Th e survey was conducted on-line between Nov 23 and Dec 9, 2018. More than 78% of the re-spondents are from the corporate and public practice sectors.

Nearly 50% of the respondents are from fi rms with over 300 em-ployees — listed and non-listed — and top and middle managements are well represented, according to the MIA and ACCA.

KUALA LUMPUR: Eita Resourc-es Bhd has formed a 70:30 joint venture (JV) with Royal Malaysia Police Cooperative Bhd's unit KOP Mantap Bhd to provide mainte-nance, repair and upgrade of and modernise lifts, escalators and elevators to third parties.

In a fi ling with Bursa Malaysia, Eita said its wholly-owned sub-

to RM554.98 million from RM490 million in FY17.

Pavilion REIT said the retail market conditions are fl attish for the fi rst half of 2019 due to geo-political tensions, uncertain in-vestment activities, volatile com-modity prices, as well as a lack of positive catalysts.

“Th e manager [Pavilion REIT Management Sdn Bhd] will con-tinue exploring improvements to its tenant mix, cost management and off er shopping experiences to attract [more] shoppers to en-sure Pavilion REIT’s results are sustainable,” it added.

sidiary Eita Elevator (M) Sdn Bhd (EEM) had entered into a share-holders agreement with KOP Man-tap to form the JV called Eita KOP Sdn Bhd.

Under the agreement, KOP Mantap is responsible in secur-ing jobs or contracts from the gov-ernment or the Royal Malaysia Police or such other bodies at an initial estimated contract value of RM100 million within 45 days of

executing the said agreement.In return, EEM will be tasked

to manage the JV's daily opera-tions, provide relevant training and syllabus in relation to lift and escalator studies to Kolej Unikop's students, and to provide graduates with job opportunities.

EEM has also agreed to pro-vide scholarships, each valued at RM20,000, to fi ve eligible children of police personnel.

H O M E B U S I N E S S 7WEDNESDAY JANUARY 30, 2019 • THEED G E FINANCIAL DAILY

Happy ending to Genting-Wynn disputeResorts World Las Vegas to make some changes to project design

BY G I G I C H UA

BY G I G I C H UA

SC raps 3 auditors for not complying with international standards

N E W S I N B R I E F

BY A R J U N A C H A N D R A N S H A N K A R

BY G I G I C H UA

BY A R J U N A C H A N D R A N S H A N K A R

KUALA LUMPUR: Sunway Bhd has set up a sukuk programme to raise up to RM10 billion in nominal value to fi nance its in-vestment activities, capital ex-penditure and working capital.

In a fi ling with Bursa Malaysia, Sunway said the proceeds will also be used to fund general corporate expenses and for the repayment of existing or future borrowings.

It said the seven-year Islamic Commercial Papers/Islamic Me-dium-Term Notes Programme under the syariah principle of Mudharabah is set up via its indi-

KUALA LUMPUR: Sime Darby Plantation Bhd (SDP) and Sarawak Land Consolidation and Rehabil-itation Authority (Salcra) signed a memorandum of understanding (MoU) yesterday to form a collab-orative framework to establish, strengthen and encourage syn-ergistic commercial cooperation along the palm oil value chain.

According to SDP’s Bursa Ma-laysia fi ling, the collaboration is intended to “uplift Sarawak’s palm oil industry standards in terms of operational effi ciency and pro-

KUALA LUMPUR: Maybank In-vestment Bank Bhd has issued eight European-style cash-set-tled call warrants over the ordi-nary shares of AirAsia Group Bhd, Gamuda Bhd, Genting Malaysia Bhd, Hibiscus Petroleum Bhd, In-ari Amertron Bhd, Mi Technova-tion Bhd, Serba Dinamik Holdings Bhd and Top Glove Corp Bhd.

Th e call warrants were listed on Jan 28, with an issue size of 100 million each and a tenure

KUALA LUMPUR: Th e Securi-ties Commission Malaysia’s (SC) Audit Oversight Board (AOB) has reprimanded three auditors — Gary Yong Yoon Shing, Jason Sia Sze Wan and Lye Ghee Kang — for failing to comply with the International Standards on Audit-ing when auditing their respec-tive public-listed clients.

In a statement yesterday, the SC said Yong and Sia are partners of Nexia SSY, while Lye is a partner of CAS Malaysia PLT.

“Th e auditors failed to design and perform audit procedures to obtain suffi cient appropriate au-

Sunway sets up sukuk programmeto raise up to RM10b

Sime Darby Plantation inks palm oil collaboration with Salcra

Maybank IB issues 8 new call warrants

rect wholly-owned unit, Sunway Treasury Sukuk Sdn Bhd.

Sunway said the fi rst issuance under the programme, which is guaranteed by the group by way of a Kafalah guarantee in favour of the sukuk trustee, is expected to be made in the fi rst quarter of this year.

Sukuks issued under the pro-gramme are unsecured and shall be transferable and tradeable in the secondary market, it said.

The sukuk programme has been assigned an indicative rat-ing of MARC-1IS(cg)/AA- IS(cg) by Malaysian Rating Corp Bhd (MARC), said Sunway.

ductivity through best agronomic practices and to inculcate and en-hance sustainability awareness for higher operational performance and bottom-line achievement”.

Under the MoU, dedicated SDP and Salcra teams intend to com-bine their resources and expertise to jointly collaborate, evaluate and research on matters relating to the palm oil value chain.

Th e MoU also includes any other activities that are mutually benefi cial to both companies, like logistics and activities connected to rubber plantation and other agricultural businesses.

of approximately six months, the investment bank said in a state-ment yesterday.

“Th is tranche of call warrants includes underlying companies in the oil and gas, technology, gloves, gaming, construction and transportation sectors.

“Sophisticated investors who are interested in participating in these sectors may consider invest-ing via the warrants issued in this tranche,” it added. — Bernama

dit evidence to support the audit opinion for their clients.

“In respect of Gary Yong Yoon Shing and Jason Sia Sze Wan, the off ence was for two audit clients for the fi nancial year ended Dec 31, 2012, and in respect of Lye Ghee Kang it was for an audit cli-ent for the fi nancial year ended April 30, 2017,” it said.

Th e regulator said compliance with auditing standards when au-diting the fi nancial statements of a public interest entity is a condition of registration for AOB registrants.

“Failure to comply with AOB’s conditions of registration will result in breach of section 31Z of the Se-curities Commission Malaysia Act.”

KUALA LUMPUR: Resorts World Las Vegas (RWLV) and Wynn Re-sorts Holdings LLC jointly an-nounced on Monday that they have reached a settlement agree-ment on a dispute involving trade dress and copyright infringement claims surrounding the design of the US$4 billion (RM16.45 billion) RWLV project.

RWLV is an indirect whol-ly-owned subsidiary of Genting Bhd.

“Genting’s RWLV project will be the launching point for the next generation of integrated resorts, and the aesthetics of the project will play an important role in its future success. While the compa-ny believes the design to have had diff erences with Wynn and Encore’s once fully realised, after further consideration and conversations with the Wynn team, we have di-

rected our design team to make several changes that will clearly diff erentiate the two properties,” said Genting senior vice president of public aff airs and development, Michael Levoff , in a statement.

Levoff said the mutually benefi -cial settlement will allow Genting to continue to develop RWLV with minimal impact to cost and the overall project timeline.

US-based casino operator Wynn had, in December last year, fi led a fi ve-count trademark infringe-ment and unfair competition law-suit against RWLV, claiming similar architectural design in RWLV’s ho-tel and casino to Wynn Las Vegas, Encore and Wynn Macau.

It was reported that Wynn used a concave facade with curved bronze glass, coupled with horizontal cream-coloured banding above and between the lines of glass panes on its properties in Las Vegas, Ma-

cau and Everett, Massachusetts.As recently as Jan 19, Genting

was reported as saying it remained confident of defeating Wynn’s claims against RWLV, with addi-tional evidence to support its case to be presented yesterday.

Following the settlement of the suit, Wynn chief communications offi cer Michael Weaver said Wynn’s world-renowned signature archi-tecture and design are among the elements that have built its brand’s reputation for excellence.

“RWLV’s initial design had ele-ments which had similarity to our resorts in Las Vegas, Macau and Boston. Th e new design changes off ered by Genting will resolve the concerns we expressed about the similarity of the design.

“We welcome and look forward to RWLV’s opening. Th eir future success will benefi t all of Las Ve-gas,” Weaver added.

KUALA LUMPUR: CIMB Group for-mally launched its banking business in the Philippines yesterday, seeking to become the fi rst all-digital and mobile-fi rst bank in the country.

CIMB Bank Philippines Inc prom-ises to make banking simpler, more convenient and hassle-free, the group said in a statement yesterday.

Deputy governor of the central bank of the Philippines, Chuchi G Fonacier, and CIMB Group chair-man Datuk Mohd Nasir Ahmad graced the launch in Manila.

“Th is completes CIMB’s operat-ing footprint in Asean and we look forward to bringing a truly diff er-entiated and digital proposition to the market,” the group’s chief executive offi cer (CEO) of group ventures and partnerships, Eff endy Shahul Hamid, said at the launch.

Noting that the Internet and mo-bile penetration in the Philippines remains as one of the highest in the world, Eff endy said, “it is a clear sign of the progressive and modern society we hope to serve.”

CIMB Philippines CEO Vijay Manoharan shared details on how the bank aims to provide a new banking experience for Filipinos.

“Consumers of today and tomor-row need innovative fi nancial solu-tions that are relevant to their needs as well as help them get ahead and advance their fi nancial wellbeing, but they don’t necessarily need a physical bank.

“By off ering most of our prod-ucts via the OCTO app securely,

CIMB launches banking presence in the Philippines

we are off ering the next-level any day, any time convenience for our customers by enabling them to ef-fectively ‘carry’ our bank branch in the palm of their hands,” he said.

Th e OCTO app — which can be downloaded from the Apple App store or Google Play — will aid CIMB Philippines’ retail banking convenience.

CIMB Philippines’ partners in-clude 7-Eleven and DragonPay, with a total of 8,000 convenient customer touchpoints nationwide.

Th e CIMB Bank VISA-powered debit card is accepted at any of the 20,000 Bancnet, VISA, and VISA Plus ATMs nationwide, and two million VISA and VISA Plus ATMs worldwide.

Th e bank also off ers the UpSave Account which caters to those who

wish to start preparing and save for the future, by allowing greater savings with its high interest rate of 2% per annum, which it said is eight times higher than other banks.

In conjunction with the launch of CIMB Philippines, CIMB Group also announced that it had received regulatory approval from the Secu-rities and Exchange Commission of the Philippines for its investment banking joint-venture, CIMB Ban-com Capital Corp, in the country.

Eff endy said CIMB Bancom “will look to deliver value-added advisory and cross-border capital market ser-vices to Philippine corporates looking to expand and grow across Asean, as well as capitalise on CIMB’s strong presence in the region to originate inbound deals to the Philippines.”

Mohd Nasir (third from left), Fonacier (fourth from left) and other offi cials at the announcement of the formal launch of CIMB’s banking presence in the Philippines in Manila yesterday.

8 ST O C KS W I T H M O M E N T U M WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY

XIN HWA HOLDINGS BHD (-ve)

XIN HWA 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

0.500.60

23.67(0.83)

1.19-

176.04216.00

0.180.64-1.21

*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

MEGA FIRST CORP BHD (-ve)

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

0.801.45

12.18(0.58)

1.081.07

1,456.74396.93

0.723.03-3.72

*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

KOMARKCORP BHD (+ve)

KOMARKCORP 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

0.900.55

--

0.50-

28.33153.13

1.080.13-0.22

*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

Public Bank founder Teh Hong Piow conferred honorary doctorate

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H O M E BU S I N E S S

KUALA LUMPUR: General insurer LPI Capital Bhd posted a marginal 1.2% growth in net profi t to RM84 million for the fourth quarter ended Dec 31, 2018 (4QFY18) from RM83 million a year ago, mainly contributed by its investment holding segment.

Th is resulted in improved earnings per share of 21.09 sen for 4QFY18 compared with 20.83 sen for 4QFY17.

Quarterly revenue also rose 7% to RM389.03 million from RM363.49 million in 4QFY17, which the group’s founder and chairman Tan Sri Dr Teh Hong Piow attributed the increase to higher premium written by its whol-ly-owned insurance subsidiary Lonpac Insurance Bhd.

It declared a second interim dividend of 42 sen for FY18, payable on Feb 27.

For the full FY18, LPI Capital post-ed a fl at net profi t at RM314.05 million compared with RM313.79 million in the previous year, while overall revenue for FY18 was up 2.9% to RM1.51 billion from RM1.47 billion in FY17.

The growth in revenue was largely contributed by the general insurance segment, which registered an increase of 2.9% to RM1.48 billion compared with RM1.44 billion in FY17.

“Lonpac, in FY18, improved its market position despite the highly competitive market conditions and slower demand for insurance. Its gross premium income for the year increased by 3.4% to RM1.47

billion from RM1.42 billion written in the previous year,” said Teh.

He added that Lonpac continued to strengthen its position as the market leader in the preferred fi re portfolio, with its written premium for fi re insurance registering a growth of 11.1% over the previous year.

“Fire insurance remains the core port-folio of business contributing 42.4% of its total written premium.

“During the year, both motor and medi-cal insurance portfolio also reported strong growth whereas engineering insurance suff ered a decline in written premium, aff ected by the slowdown in the number of project risks and termination of gov-ernment infrastructure projects,” said Teh.

Going forward, LPI Capital said the group will continue to systematically execute its business plans, which pri-oritise prudential risk management, or-ganic growth and customer-centric focus with the aim to maximise shareholders’ value creation.

KUALA LUMPUR: Tan Sri Dr Teh Hong Piow (pic), the founder, chairman emer-itus, director and adviser of Public Bank Bhd, has been conferred an Honorary Doctor of the University by Sunway Uni-versity.

In a statement yesterday, Public Bank said the conferment is in recognition of Teh’s outstanding contribution in over-seeing the evolution of the bank into a modern and integrated fi nancial institu-tion and for his outstanding contribution to the growth of the banking and fi nance industry in Malaysia.

“Sunway University is very pleased to be associated with Tan Sri Teh, a man of great stature, who built Public Bank from ground up in 1966. Public Bank has not only become a household name, it has held the record of over 50 years of unbro-ken profi tability,” said Sunway Universi-ty chancellor Tan Sri Dr Jeff rey Cheah.

“Tan Sri Teh and I share many simi-larities. Both of us built our companies from scratch. We both had a dream and a vision, and worked hard to make it a re-ality. Both of us came from backgrounds that shape our values and who we are today. And one of these values that he holds, of which I regard highly, is integ-rity,” he added.

Teh in acknowledging the award said:

“I am deeply honoured and touched to be conferred such a high honour and because it is not always that a man of 89 years of age gets to receive awards, let alone be conferred an honorary doctorate.”

“In banking, I found my true voca-tion. For me, it was never just a job. It is therefore an uplifting experience for me to be recognised and rewarded for do-ing the things that I truly enjoy. I guess there may be some truth to the saying that ‘pleasure in the job puts perfection in the work’,” he added.

With this latest award, Teh has amassed 43 personal-to-holder awards of lifetime excellence and achievements and exem-plary leadership.

LPI Capital ends 2018 with fl at net profi t, declares 42 sen dividend

BY S A M U E L L I M

TRADING of shares in Mega First Corp Bhd (fundamental: 1.45/3, valuation: 0.8/3) trig-gered our momentum algorithm yesterday for the fi rst time this year.

At the closing bell yesterday, Mega First’s share price settled 16 sen or 4.36% higher at RM3.83, giving the counter a market capital-isation of RM1.52 billion. A total of 1.16 mil-lion shares were traded, versus the 200-day average trading volume of 96,785.5 shares.

For third quarter ended Sept 30, 2018, the

group’s revenue grew by 4.6% to RM219.06 million from RM209.34 million a year ago. Th e higher revenue was mainly attributable to improved performance in its resources division. Revenue generated from the divi-sion increased by RM8.5 million to RM36.4 million, with a marginal increase of RM1 mil-lion to RM164 million in construction reve-nue from Don Sahong Hydropower Project.

As at yesterday, its shares were trading at 1.11 times their net book value.

TRADING of shares in Komarkcorp Bhd (fundamental: 0.55/3, valuation: 0.9/3) trig-gered our momentum algorithm yesterday for the fi rst time this year.

Th e counter gained half a sen or 2.7% to 19 sen yesterday, with 2.57 million shares done, giving it a market capitalisation of RM29.1 million.

For the second fi nancial quarter ended Oct 31, 2018, the group’s revenue fell 12.4% to

RM12.47 million from RM14.24 million a year ago, mainly due to the loss of market share. Its pre-tax loss narrowed to RM1.98 million from RM3.66 million a year ago due to lower operating expenditures and the RM222,000 unrealised foreign currency exchange gain. Th e company incurred unrealised foreign currency loss of RM623,000 a year ago.

At the current share price, Komarkcorp is trading at 0.56 times its book value.

TRADING of shares in Xin Hwa Holdings Bhd (fundamental: 0.6/3, valuation: 0.5/3) triggered our momentum algorithm yester-day for the fourth time this year.

Th e stock price went up three sen or 3.68% to 84.5 sen, with a market capitalisation of RM182.52 million. Some 2.5 million shares changed hands compared with the stock’s 200-day average volume of 168,637 shares traded.

For the second fi nancial quarter ended Sept 30, 2018 (2QFY19), the group’s net profi t

declined by 32.5% to RM2.03 million from RM3.01 million a year ago, mainly due to a gain on disposal of property of RM700,000 in 2QFY18. Th ere was also an increase in staff salaries of RM620,000 as a result of annual increments, as well as increased bank bor-rowing cost of RM490,000 during the quarter under review.

However, quarterly revenue grew 5.9% to RM29.56 million from RM27.9 million in 2QFY18, thanks to new contracts awarded for cargo transportation services.

Lonpac, in FY18, improved its market position despite the

highly competitive market conditions and slower demand for insurance.

P R O P E RT Y 9WEDNESDAY JANUARY 30, 2019 • THEED G E FINANCIAL DAILY

Unloved malls plague top UK property fundsMom-and-pop investors are fl eeing funds at fastest pace in over two years

BY LUCCA DE PAOLI & JACK SIDDERS

BY N OA H B U H AYA R & SY D N E Y M A K I

BY Z A I N A B FAT TA H

LONDON: Mom-and-pop inves-tors are fl eeing UK property funds at the fastest pace in more than two years, roiling an almost US$24 billion (RM98.64 billion) corner of the money management industry.

Withdrawals from the biggest UK property funds accelerated in the fi nal months of 2018 as the global equity market rout added to worries about Brexit and the fl oundering retail sector. Th at is forcing several funds, including those managed by Standard Life Aberdeen plc and Nuveen LLC, to sell real estate to meet client redemptions. Trouble is, many of the fi rms have already sold the family silver and now are left with assets few want.

The pressure on the firms to quickly bolster their cash buff ers exposes the inherent weakness in the structure of these funds — their money is tied up in real estate, which takes months if not years to exit profi tably, while their custom-ers are free to withdraw any day.

Investors’ growing anxiety about the UK potentially crashing out of the European Union without a deal

DUBAI: Dubai’s homeowners will have to wait at least a couple more years for a long-running property slump to hit the bottom as devel-opers put a record number of new residences on the market this year.

About 31,500 homes will prob-

SEATTLE/NEW YORK: As the US grapples with a housing aff ordabil-ity crisis, a new analysis by Zillow shows 38% of homebuyers earned more than US$100,000 in 2017.

Th at is up eight percentage points from 2012 and refl ects the fact that home values have risen at a much faster clip than wages, making pur-chases accessible only to those at the top of the income ladder. Th e fi gure has climbed quickly in some pre-dictable locations like Seattle, which saw some of the swiftest home-value growth in the nation, Zillow found. But the trend is also pronounced in places such as San Antonio and Minneapolis, which saw increases at double the national rate.

All this is bad news for the wid-ening gulf between the rich and the poor in the US, since households of-ten build wealth through their homes, Aaron Terrazas, a senior economist of Zillow, wrote in a statement ac-companying the fi ndings. Between 2012 and 2017, the share of home-buyers earning between US$50,000 and US$100,000 stayed constant. Th ose making US$50,000 or less fell eight percentage points, Zillow found.

“If becoming a homeowner trends further towards the exclu-sive domain of society’s most for-tunate, wealth inequality could see an acceleration in the years ahead,” Terrazas wrote. — Bloomberg

is making it imperative for these property funds’ managers to pre-pare for another exodus of cash.

While some funds are trying to offl oad assets, others are making it less attractive for customers to pull out. All have so far held off on blocking investors from the exit, as they did in the aftermath of the Brexit referendum, to avoid a far

bigger blow to confi dence.Th e problem many funds face is

that they would sell some of their most attractive assets — London offi ces and warehouses — to meet redemption requests in the pan-ic that ensued after the June 2016 vote. That has left them heavily exposed to the shopping malls and stores that have found few

takers amid a slump in the UK retail property market.

“What everyone is doing at the moment is looking at their portfo-lios and working out how we re-capitalise,” said Richard Peacock, a fund manager of Kames Capital. “We are pricing our fund on the ba-sis that we are sellers, not buyers, of buildings.” — Bloomberg

In Dubai, avalanche of new homes extends property slumpably be completed this year, more than twice the city’s average annual demand over the last fi ve years, ac-cording to Craig Plumb, the head of Middle East research of broker Jones Lang Lasalle. Th at compares with the 22,000 homes fi nished in 2018.

The Dubai property market’s long decline since a peak in Octo-

ber 2014 has defi ed all predictions of a rebound over the last several years. While an oil price slump, fi s-cal austerity in Saudi Arabia and a strong US dollar have driven away potential buyers, construction — much of it by state-controlled de-velopers — has not slowed to meet the weaker demand.

Dubai’s residential values have slid about 25% from the 2014 peak, including a 10% drop last year. JLL expects values to decline by 5% to 10% this year.

Plumb said he does not expect the market to hit the bottom un-til 2021, with the city getting a lift from the World Expo 2020 and the

state offi cials possibly taking steps to stabilise the market by reining in construction. Th e government owns the developer of man-made islands, Nakheel PJSC and Dubai Properties Group. It also holds 29% of builder Emaar Properties PJSC, which built the world’s tallest tower in the city. — Bloomberg

Buying a house in US? Odds are rising you have a six-fi gure income

1 0 H O M E WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY

More than 300,000 bankruptcy cases until December

‘Redefi ne 40-year-old poverty rate’Th e amount should be at least three times more — Royal Ungku Aziz chair

PUTRAJAYA: Th e 303,415 bankrupt-cy cases handled by the Insolvency Department last year are a big loss to the nation, said Minister in the Prime Minister’s Department Datuk Liew Vui Keong. He said this could aff ect the productivity and revenue of the country in the long term.

“Th e department should handle them more effi ciently,” he said in a statement following his working visit to Ipoh on Monday to look at the need to improve infrastructural facilities at the Legal Aid Depart-ment, the Malaysian Insolvency De-partment and the Ipoh High Court.

Liew said among the measures that could be taken are updating records and meeting the debtors to

fi nd out their problems and guiding them on how to settle their debts.

On debtors who had passed away, Liew said their family mem-bers should inform the Insolvency Department, so that their records could be updated.

He said this resulted in confu-sion in the past as the family mem-bers were said to bear the burden of paying the debts. The confis-cation of the deceased’s property had also occurred. He urged the family members to provide the lat-est information to the Insolvency Department.

In the same statement, Insolven-cy director-general Datuk Anas Ah-mad Zakie said from 2014 to 2018,

the department handled 95,105 bankruptcy cases.

He said among the main causes of bankruptcy are personal loans at 27.76%, hire purchase of vehicles (24.73%), housing loans (14.09%) and credit cards (9.91%).

The highest number of bank-ruptcy cases during the same pe-riod were Johor (13,346 cases), Selangor (24,648), Kuala Lumpur (11,774), Penang (6,832) and Per-ak (5,809), he added. — Bernama

KUALA LUMPUR: A group of sev-en smokers has obtained leave to challenge the smoking ban in eateries that the health ministry enforced from Jan 1. High Court Judge Datuk Azizah Nawawi made the decision in chambers when the case came for mention.

Lawyer Mohamed Haniff Kha-tri Abdulla, representing the seven persons calling themselves sup-porters of the “Pro-Tem Perta-hankan Hak Perokok” (Smokers’ Rights Club), said however the court dismissed his clients’ appli-cation for an order to suspend the smoking ban. Th e court said it had no jurisdiction to suspend a de-cision involving legal operations.

Th e application to suspend the smoking ban was also irrelevant as the health ministry had issued a notice that enforcement of the ban would be implemented after six months, he told reporters after the proceedings.

On Jan 2, the health ministry issued a statement stating no com-pound notice would be issued to off enders during the fi rst six months of the smoking ban, but a warning notice would be given. Th e court set Feb 12 for further case management. — Bernama

Smokers get leave for judicial review of smoking ban

KUALA LUMPUR: Th e police are setting up a committee to assist the Royal Commission of Inquiry (RCI) in its investigation into the human traffi cking camps and graves un-covered three years ago in Wang Kelian in Perlis, at the common border with Th ailand.

Inspector-General of Police Tan Sri Mohamad Fuzi Harun said the police are making the appro-

priate preparations for the RCI.“Members have been appointed

by the government and it is neces-sary to obtain the consent of the Yang di-Pertuan Agong,” he said at a press conference at the Police Training Centre here.

On Sunday, the government agreed to set up the RCI. The RCI is expected to present its report in about six months after start-

ing its investigation.In a statement, the Malaysian

Bar urged the RCI to conduct an impartial and comprehensive in-quiry into all the facts and cir-cumstances surrounding the mass graves, death camps and the hu-man trafficking they point to, as well as allegations of a cover-up, collusion, and corruption of law enforcement agencies.

“A report of the RCI’s investiga-tions and conclusions must be pro-duced and published in the inter-est of openness, transparency and accountability in this undoubtedly weighty public interest matter,” Bar president George Varughese said.

In May 2015, the police reported the discovery of human traffi cking camps and graves in a hilly area of Wang Kelian. — Bernama

Police to help RCI on Wang Kelian camps, graves

Note: Poverty line = US$4.00 at 2011 PPP (20% poverty rate in 1984)Source: Ravallion, 2019

Progress of Malaysia’s mean household income vs floor

30

25

20

15

10

5

0

Mean or floor (US$ per person per day; 2011 PPP)

Overall mean householdincome per capita

Floor (based on weighted mean income of the poor)

US$27.95

US$3.00

US$12.45

US$2.30

1984 1988 1992 1996 2000 2004 2008 2012 2016

BY S A M A N T H A H O

KUALA LUMPUR: Malaysia must redefi ne its poverty line, still stag-nant at a paltry RM7 a day for over 40 years, according to Royal Un-gku Aziz chair Professor Martin Ravallion.

“It should be three times that amount or more — it is currently too low,” said Ravallion, who proposed the US$1 (RM4.11)-a-day poverty measure used by the World Bank.

He was speaking to reporters after a public lecture on the chal-lenges of measurement and poli-cy-making concerning income inequality at the University of Ma-laya here yesterday.

Ravallion said social protection eff orts may also be failing to reach the poorest in society. While pro-grammes to address income ine-quality have focused on the bottom 40% (B40) income group, Ravallion pointed out many Malaysians may still be living in poverty.

“Lifting the fl oor [those at the very bottom] is crucial,” he said. In this aspect, Malaysia has made only modest progress, according to Ravallion’s calculations (see chart).

However, the nation has done well in reducing its absolute and relative poverty rates. Even relative

inequality has been trending downwards, Ravallion said.

He noted Malaysians, overall, appeared to have a positive attitude towards the underprivileged, show-

ing sympathy for their situation.A key diffi culty for researchers to

properly assess poverty and inequal-ity in Malaysia is a lack of access to data, Ravallion said, making it diffi -cult to have properly informed pub-lic discussions about these issues.

Th is is also a roadblock in as-sessing the eff ectiveness of existing national policies, including “Ban-tuan Sara Hidup”, or the cost of liv-ing aid introduced by the current government.

“I do not know how eff ective it is. Nobody knows whether it is eff ec-tive or not,” said Ravallion, pointing to a lack of microdata available for researchers to understand poverty and income inequality in Malaysia.

He called for greater public ac-cess to the complete microdata, es-pecially from the household income surveys compiled by the Depart-ment of Statistics Malaysia (DoSM).

Malaysia is one of the last coun-tries to off er a more comprehen-sive open data, with neighbouring

countries such as Indonesia mak-ing signifi cant progress in giving researchers access to data, he said.

“Th e concern is being able to analyse and process that microdata requires a lot of training. But that training will come when there is access,” Ravallion said. In this re-spect, the DoSM can go much fur-ther in making more granular data available for public use, he added.

Also, before the new government can pat itself on the back for intro-ducing a more targeted cost of living aid scheme, it should also ensure its outcomes are properly meas-ured. “Monitoring and evaluation are crucial, but I see almost none of that in Malaysia,” Ravallion said.

He also stressed the importance of the government being transpar-ent about and learning from its mistakes. “Citizens should hold their governments accountable to [those] standards.”

Ravallion supports minimum wage policies, but said the gov-ernment should not try to push this too far above what business-es are able and willing to pay em-ployees. In this respect, he opined that market forces should not be ignored in determining the equi-librium wage.

Ravallion: Many Malaysians may still be living in poverty. Photo by Kenny Yap

Liew. The bankruptcy cases could aff ect the productivity and revenue of the country in the long term. Photo by Suhaimi Yusuf

B R O K E R S’ C A L L / T E C H N I C A L S 1 1WEDNESDAY JANUARY 30, 2019 • THEED G E FINANCIAL DAILY

Dagang NeXchange Bhd(Jan 29, 25.5 sen)Downgrade to hold with a lower target price of 29 sen: Dagang NeX-change Bhd (DNeX) has moved to-wards strengthening its IT business by setting up the Asian Single Win-dow (ASW) ahead of the liberalisa-tion of Malaysia’s National Single Window service (that is UCustoms) in September 2019 and acquiring Genaxis — an accounting-based consulting fi rm. Th e ASW is envi-sioned as a one-stop platform for custom related approval as well as providing DNeX an Asean+ platform with a presence in China, Th ailand, and the Philippines. While we view these initiatives positively, we expect limited earnings contribution in the near term. Acquisition of Genaxis has led to higher overhead costs as we estimate DNeX’s operating ex-penditure (opex) rose 38% year-on-year to RM54 million in the fi rst nine months of 2018 (9M18).

OGPC’s portable container sys-tem (PCS) installation project has been delayed due to backlogs in site preparation by the main contractor, Petro Teguh. We expect OGPC to de-liver only 40 PCS units over 2018 and

The FBM KLCI rose for the third week and climbed a fresh one-month high as market confidence is starting to see some traction

especially from foreign institu-tions. The index increased 0.5% in a week to 1,701.03 points last Friday on firm volume. The index pulled back this week and closed at 1,690.41 points yesterday.

Trading volume was fi rm last week compared with the previous week. Th e average daily trading volume stayed at 2.6 billion, al-most the same as the previous week. However, the average daily trading value increased to RM2.1 billion from RM1.9 billion. Th is in-dicated that more higher-capped stocks, which are favoured among the institutions, were the focus.

Foreign institutions continued to be net buyers on Bursa Ma-laysia. Net buy from foreign in-stitutions was RM455.6 million. Meanwhile, net sells from local in-stitutions and retail were RM417.8 million and RM37.8 million re-spectively.

For the KLCI, gainers beat de-cliners 19 to eight. Th e top three gainers were Hartalega Holdings Bhd (+8.3% in a week to RM5.74), Petronas Dagangan Bhd (+4.4% to RM26.10) and PPB Group Bhd (+2.8% to RM18.08). Th e top three

Market to climb higher

Dagang NeXchange’s energy unit seen to return to the black UMW Holdings Bhd

(Jan 29, RM5.90)Downgroade to hold with a lower target price (TP) of RM6.10: We hosted a meeting between UMW Holdings Bhd and 20 analysts and fund managers last Friday. During the meeting, the group highlighted that its new vehicle sales in fourth quarter of 2018 (4Q18) were par-tially impacted by the run-out of Vios and Camry models, delay in getting approval for the new mod-els’ pricing from the authorities, and higher sales captured during tax holiday period between June and August 2018. Toyota and Lex-us sales fell 39% quarter-on-quar-ter (q-o-q) in 4Q18 while Perodua posted a stronger sales recovery (+15.5% q-o-q), partly driven by improving Myvi supply.

In addition, we are encouraged to learn that UMW’s latest produc-tion facility in Bukit Raja started delivery of the new Toyota Vios in early January. Th e new plant has a total production capacity of 50,000 units per annum on a single-shift operation. We believe the Bukit Raja plant will allow UMW to pro-duce more exciting new completely knocked down models at compet-itive prices relative to their peers. Meanwhile, we expect the group

to reduce Shah Alam plant’s pro-duction capacity to a single shift to 35,000 units per annum.

UMW expects to deliver 75,000 unit sales volume in 2019 (+12.7% year-on-year [y-o-y]), driven by the launch of new models, such as the new Vios, Hilux, C-HR and Rush, and the introduction of a new B-segment model, Yaris. Meanwhile, we expect another strong year for Perodua in 2019, driven by the new Aruz SUV and Myvi. Aruz received 5,700 book-ings in the fi rst three weeks of 2019. Overall, Perodua targets 231,000 unit sales in 2019 (+2% y-o-y).

In spite of its attractive growth prospects in automotive, UMW will be impacted by depreciation expenses from its Bukit Raja plant and higher coupon payments re-lated to its RM1.1 billion perpetu-al sukuk issued in April 2018. Th e group will incur RM70 million annual coupon payments for the sukuk. Hence, we cut our fi nancial year 2019 (FY19)-FY20 earnings per share forecasts by 4%-5%.

UMW’s strong earnings prospect is already refl ected in its share price, which has risen 42% since October, its lowest in 2018. Following our earnings revisions, we downgrade the stock to “hold”, with a lower TP of RM6.10. — CGSCIMB, Jan 29

Perodua’s expected strong year should boost UMW’s performance

BY B E N N Y L E E

Daily FBM KLCI chart as at January 25, 2018.

decliners were Genting Malaysia Bhd (-3.6% to RM3.18), Press Met-al Aluminium Holdings Bhd (-2.7% to RM4.33) and IHH Healthcare Bhd (-2.3% to RM5.57).

Markets were generally slightly bullish last week. In Asia, Hong Kong led the increase with a 1.8% weekly gain. However, Singapore declined marginally. Th e US mar-ket closed almost unchanged while European markets closed higher. However, London’s FTSE 100 fell 2.1% in a week.

Th e US dollar found weakness last week against major currencies. Th e US Dollar Index fell to 95.8 points last Friday from 96.4 points in the previous week. Hence, the ringgit weakened to RM4.12 against the US dollar compared with RM4.11.

Uncertainty in global equity market has pushed gold prices higher and continued its bullish rally after a pullback two weeks ago. Gold (Comex) increased 1.4% in a week to US$1,298.60 (RM5,337) an ounce last Fri-day. Crude oil (Brent) snapped a three-week gain and fell 1.8% to US$61.51 per barrel. Crude palm oil continued its bullish rally and increased 3.1% to RM2,292 per tonne last Friday.

Th e KLCI is now at the resist-ance level of 1,702 points. Im-mediate support level is at 1,667 points. A breakout above this level could bring the index to the next resistance level of 1,740 points.

Technically, the KLCI is bullish above the short-term 30-day mov-

ing average. Th e index remained in the Ichimoku Cloud indicator and a breakout above the upper band of the Cloud at 1,710 points indicates that the trend is bullish in the short term.

Momentum indicators con-tinued to rise and this indicat-ed that the bullish momentum was strengthening. The Relative Strength Index and momentum oscillator continued to climb to multi-week high and the moving average convergence divergence

was turning strongly bullish as it climbed above its 0 line, which was also an indication of the 12-day ex-ponential moving average (EMA) crossing over the 26-day EMA.

Th e bullish sentiment contin-ued to be stronger. Bullish glob-al markets and accumulation from foreign institutional inves-tors boosted market confi dence. Based on the current momentum, the index is likely to break above 1,702 points and climb towards the next resistance level of 1,740

points. Th is can happen if the index can stay above the new immedi-ate support level at 1,680 points.

Th e above commentary is solely used for educational purposes and is the contributor’s point of view using technical analysis. Th e com-mentary should not be construed as an investment advice or any form of recommendation. Should you need investment advice, please consult a licensed investment adviser.

2019 compared with 100 units agreed. Meanwhile, DNeX Oilfi eld remains in the red amid a poor order book replenishment and tight margins. Nonetheless, we expect its energy division to be back in the black ow-ing to Anasuria’s contribution (via Ping). Management also expects to receive its maiden dividend from

Ping in 2019; proceeds would go towards meeting its rising working capital requirements.

We lower 2018 earnings forecast by 30% to refl ect the poor 9M18 per-formance and reduce 2019/2020 forecasts by 36%/35% to refl ect de-lays in PCS project and higher opex. — BIMB Securities Research, Jan 29

Dagang NeXchange Bhd

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

Turnover 178.5 203.9 260.6 243.8 213.1Ebitda 31.5 52.8 66.5 38.8 29.5Assoc 117.4 22.2 27.1 43.3 51.3Pre-tax profit 134.8 66.6 78.4 67.6 66.9Core profit 20.8 51.8 47.9 53.4 61.1Consensus NP 56.6 68.1 66.9EPS (sen) 1.8 3.0 2.7 3.0 3.5PER (x) 14.6 8.8 9.5 8.5 7.5DPS (sen) 1.5 0.5 0.0 0.0 0.0Dividend yield (%) 5.8 1.9 0.0 0.0 0.0P/B (x) 0.8 1.1 1.0 0.9 0.8

Key ratios (%)ROE 8.4 12.7 10.6 10.6 10.9Ebitda margin 17.7 25.9 25.5 15.9 13.8Pre-tax margin 75.5 32.7 30.1 27.7 31.4Net margin 11.6 25.4 18.4 21.9 28.7Sources: Bloomberg, BIMB Securities

1 2 B R O K E R S’ C A L L WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY

Larger aff ordable homes seen to further erode developers’ margins

Genting Bhd(Jan 29, RM6.89)Maintain buy with a higher target price of RM8.83 from RM8.40: Thirty per cent up-side with 3% fi nancial year 2019 (FY19) forecast yield. Genting Bhd is trading at a trough enter-prise value/earnings before inter-est, taxes, depreciation and amor-tisation of 5.7 times (-2 standard deviation) versus its five-year mean of 7.3 times and the re-gional peer average of 11.2 times. Its latest foreign shareholding stands at a low of 43% (as of Dec 14, 2018) since 2015. Genting is our top pick for the sector as it is a cheaper proxy to Genting Malaysia Bhd and Genting Sin-gapore Ltd’s core operations. It is trading at a high holding com-pany discount of 42% (average: 33%). We expect to see a mean reversion in the stock price after it underperformed the market in 2018, and also on the expect-ed recovery of Genting Malay-sia. Meanwhile, the outlook for Genting Singapore’s operations remains steady.

Singapore and Malaysia at the fore. Despite the overall nega-tive developments for its Malay-sia subsidiary, core operations remain stable as the facilities opened under the Genting In-tegrated Tourism Plan will con-tinue to yield strong results. A stronger-than-expected perfor-mance can be expected, given the milder-than-anticipated tax impact (VIP is taxed at a lower rate) alongside cost-cutting initi-atives by its Malaysia subsidiary. There is also potential upside from news fl ow on the recent-ly fi led judicial review, outdoor theme park dispute and develop-ments on Mashpee Wampanoag

Genting’s core operations expected to remain stable amid challenge

Property development sectorWe maintain neutral. With the launch of the National Housing 2.0 yesterday, the housing and local gov-ernment ministry (KPKT) revealed that the National Housing Policy 2018-2025 (NHP 2.0) outlines fi ve focuses, 16 strategies and 57 action plans. Th e fi ve focuses are: i) provid-ing quality housing for all; ii) enhanc-ing accessibility and aff ordability of home ownership; iii) cohesive neigh-bourhoods; iv) improving coordina-tion between housing development and transportation; and v) strength-ening institutional capability to en-sure the smooth implementation of the NHP 2.0.

Th e National Aff ordable Housing Policy (NAHP) will be a sub-policy under the NHP 2.0 to provide guide-lines on the development of aff orda-ble homes. KPKT Minister Zuraida Kamaruddin said the NAHP aims to provide quality aff ordable houses to the bottom 40% (B40) income group. She also said that aff ordable homes must be at least 900 sq ft and priced below RM300,000.

Th e ministry also aims to build one million units of aff ordable homes for the B40 within the next 10 years, and

Malaysian Resources Corp Bhd(Jan 29, 69.5 sen)We maintain market perform with a target price (TP) of 75 sen: Yes-terday, Malaysian Resources Corp Bhd (MRCB) announced that it had bagged a contract award amounting to RM323 million from Turnpike Synergy Sdn Bhd for the construc-tion works of the SUKE highway under work package CA2. Th e con-struction works for this portion are expected to be completed in April 2020. Th is marks MRCB’s fi rst con-struction win for the year.

However, we are “neutral” on the contract win of RM323 million as it is within our financial year 2019 earnings(FY19) order book replenishment of RM1.5 billion. Assuming a conservative pre-tax margin of 5%, this job is expected to contribute about RM9.7 million to its bottom line in FY19.

Going forward, management is targeting sales of RM1 billion for FY19 with planned launches of RM900 million for the year of which RM500 million is from its Australian project in Docklands. Its existing outstanding order book stands at a massive value of about RM21.3 billion with a visibility of more than fi ve years. However, we are much more prudent with our sales target as we are only expecting

Property sector comparison

SHARE TARGET MARKET 3-YEAR RECURRING DIVIDEND PRICE PRICE CAP CORE PER (X) EPS P/BV (X) ROE (%) YIELD (%)COMPANY REC (LC*) (LC*) (US$ MIL) CY18F CY19F CAGR (%) CY18F CY19F CY18F CY19F CY18F CY19F

Eastern & Oriental Hold 1.09 1.20 347 13.0 22.1 -15.0 0.76 0.75 5.9 3.4 2.8 2.7Eco World DevelopmentGroup Bhd Hold 0.94 1.08 670 16.0 12.8 20.5 0.62 0.59 3.9 4.7 0.0 0.0Eco World International Add 0.74 1.00 429 22.5 5.5 na 0.69 0.59 3.1 11.6 0.0 0.0LBS Bina Group Add 0.68 0.98 258 10.2 9.6 -22.3 0.74 0.71 7.6 7.6 3.0 3.1Mah Sing Group Add 0.93 1.35 549 11.0 8.9 -6.7 0.63 0.60 5.8 6.9 4.3 5.4S P Setia Hold 2.58 2.25 2,484 24.0 16.7 -6.5 0.82 0.80 3.4 4.9 3.3 4.2UOA Development Hold 2.38 2.35 1,067 12.7 10.7 -3.0 0.92 0.90 7.5 8.8 5.1 6.1UEM Sunrise Bhd Add 0.77 1.00 850 15.5 13.7 0.2 0.48 0.47 3.2 3.5 1.3 1.3Sime Darby Property Bhd Add 1.18 1.29 1,952 34.8 31.5 na 0.87 0.87 3.0 2.8 2.6 2.2Average 22.2 17.8 -2.3 0.77 0.75 4.1 5.1 2.7 3.1*LC: Local currency

Sources: CIMB Research, company reports

is exploring the possibility of develop-ing aff ordable homes on wakaf land.

As larger aff ordable homes could be negative for developers, the size of aff ordable homes is in the range of 700-800 sq ft (Kuala Lumpur City Hall minimum requirement is about 700 sq ft). We think larger aff ordable homes could further erode develop-ers’ margins if no incentives or subsi-dies are given to private developers.

According to the New Straits Times

article dated May 25, 2017, bumiput-era developers that are developing wakaf land (inalienable endowment land in Islamic jurisprudence) off er properties at 20% below the market value, specifi cally for Muslim buy-ers. Th is could benefi t niche devel-opers such as UDA Holdings Bhd (not rated), which has expertise in developing wakaf land, and could lower house prices due to cheaper land cost, in our view.

Th e home sales exposition, which will be held in March 2019, aims to clear the backlog of unsold residential properties. Th is campaign could cre-ate a feel-good factor for the property sector in the short term, but aff orda-bility is still the main issue.

We do not see any extra perks for buyers to purchase properties at the campaign, unless there are extra in-centives or lucrative markdowns in property prices. We gathered that the

majority of developers already off er about 10 to 15% discounts/rebates for the developer’s unit.

Our top pick for the sector is Sime Darby Property Bhd (target price RM1.29). We see continuous improvement in its property devel-opment division and new property sales. We believe its massive land bank is an advantage in addressing any change in future product de-mand. — CGSCIMB, Jan 29

Long-term outlook for MRCB deemed relatively stable

Malaysian Resources Corp Bhd

FYE DEC (RM MIL) 2017A 2018E 2019E

Turnover 2,823.7 1,784.5 2,009.2Ebit 338.4 130.8 130.8PBT 247.3 124.4 138.6Net profit (NP) 167.6 86.1 96.0Core net profit 101.3 86.1 96.0Consensus (NP) na 93.6 125.7Core FD EPS (sen) 2.1 1.8 2.0EPS growth (%) -235.7 -15.0 11.4NDPS (sen) 1.8 0.0 0.0NTA/share (RM) 0.95 0.96 0.96FD PER (x) 20.3 39.5 35.5Core PER (x) 33.6 39.5 35.5Price/NTA (x) 0.74 0.74 0.73Net gearing (x) 0.6 0.5 0.4Dividend yield (%) 2.5 0.0 0.0Source: Kenanga Research

sales of RM500 million compared with management’s target of RM1 billion as we remain conservative given the current challenging cli-mate in the property sector.

No changes to our FY18-FY19 estimate earnings.

We maintain “market perform”, with an unchanged sum-of-parts-driven TP of 75 sen. Our TP implies a price-to-book ratio of 0.75 times, which is close to its trough levels. We opine that the long-term out-

look for the company is relatively stable compared with other con-tractors or developers due to their massive outstanding order book and transit-oriented developments. However, we note that management would need to step up in increasing operational effi ciency by further lowering operating costs to remain competitive and improve overall profitability as margin erosions have been evident. — Kenanga Research, Jan 29

Tribe’s land entitlement. As for Genting Singapore, its strategy to loosen the tap for VIP customers should contribute to growth in gaming volume and potentially widen market share. Singapore tourist arrivals (+6.6% year-on-year [y-o-y]) remain resilient de-spite concerns over the trade war since early 2018. On top of that, news fl ow on the potential ven-ture into Japan will continue to stir investor interest.

Keep an eye on power and oil and gas (O&G). For the nine months of FY18, adjusted Ebitda for its power division grew +20% y-o-y to RM352 million while that of its O&G unit rose 13% y-o-y to RM174.8 million. With the completion of the Banten pow-er plants in late-2017 forecast, Genting now has a total eff ective capacity of 2,061mw — which should contribute to stable earn-ings moving forward. Recent de-velopments for its O&G division include an approval granted in June 2018 by the ministry of en-ergy and mineral resources (In-donesia) to develop a gas produc-tion infrastructure in West Papua, Indonesia. Th e gas reserves total 1.7 terrain cu ft — which Genting could monetise for years to come. — RHB Research Institute, Jan 29

C O M M E N T 1 3WEDNESDAY JANUARY 30, 2019 • THEED G E FINANCIAL DAILY

What Microsoft can teach Facebook about playing niceMicrosoft has been in EC regulators’ good books since being fi ned €860 million for compliance issue

BY A L E X W E B B

Facebook Inc and Amazon.com Inc are facing scrutiny for how they handle data by the European Commission. Photo by Bloomberg

BY

JOSÉ ANTONIO OCAMPO

AT fi rst glance, it appears to be a bureaucratic meeting like any other. But the discussions at the Organi-sation for Economic Co-operation and Development (OECD) in Paris at the end of this month are of the utmost importance, because the world’s richest countries will pres-ent new proposals for taxing digital multinational companies such as Google, Amazon, Facebook, Apple, Netfl ix, and Uber.

Back in 2012, when scandals related to tax avoidance schemes by Apple, Amazon, and Google unleashed public anger and forced the Group of 20 (G20) to act, the OECD was called on to reform the international corporate tax system. Th at led, three years later, to a pack-age of reforms known as the “Base Erosion and Profi t Shifting” Project, or BEPS. Th e reform process was led by OECD countries and opened up to developing countries only after this initial package was un-veiled. Today, 125 countries are in-volved, forming a group called the

Decision time for the future of corporate taxation “Inclusive Framework.”

BEPS was undoubtedly an im-portant step towards tackling some of the most egregious tax avoid-ance strategies used by multina-tionals. It initiated, for example, the sharing among tax authorities of country-by-country reports on these companies’ profi ts and tax payments. Unfortunately, how-ever, this norm will apply only to very large multinationals, and the reports will not be publicly avail-able, depriving civil society of an essential tool of transparency.

Furthermore, BEPS failed to reach the root of the problem: com-panies are still permitted to move their profits wherever they want and to take advantage of very-low-tax jurisdictions. Google, for exam-ple, moved €19.9 billion through a Dutch shell company to Bermuda in 2017, and in the same year Facebook paid just £7.4 million in corporation tax in the UK, despite generating £1.3 billion in revenue there.

Multinationals can do this legally by using so-called transfer pricing: a parent company sets the prices of transactions among its subsidiaries to guarantee that profi ts are regis-tered in low-tax countries, rather

than where the economic activity that generated the profi ts actually occurred. For example, Vodafone, the fi rst big multinational to publish country-by-country data voluntarily, revealed that nearly 40% of its prof-its for 2016-17 were allocated to tax havens, with €1.4 billion declared in Luxembourg, where the company is taxed at an eff ective rate of 0.3%.

Tax avoidance can be found in all economic sectors, but digital companies best demonstrate how outdated the current international tax system is. Because these com-panies’ marginal cost of produc-tion is zero, the revenue accruing to them is equal to a rent, and it is therefore important to tax this rent eff ectively. And, contrary to what these companies’ leaders claim, this taxation would not negatively aff ect the supply of digital services.

Th e Independent Commission for the Reform of International Cor-porate Taxation (ICRICT), which I chair, believes that the BEPS process has achieved what it could, given the political muscle of big corpora-tions and the army of lawyers and accountants who have a vested in-terest in maintaining the status quo. In our latest report, we take stock of

what has been achieved and high-light what should happen in the next phase of reform, “BEPS 2.0”.

Th e upcoming OECD meeting will be decisive in this respect. For the fi rst time, the OECD will pres-ent to the Inclusive Framework, including developing countries, the outlines of the BEPS 2.0 plan and its vision of a deeper trans-formation of the tax system in re-sponse to the challenges posed by the digital economy. It is a unique opportunity for all 125 governments in the Inclusive Framework to urge the OECD to repudiate transfer pricing and move towards a fairer and more eff ective system.

Th e lack of consensus so far on how to tax digital multinationals has led numerous countries to im-plement (as India, Italy, Spain, and France have done) or promise to implement (in the case of the UK) turnover-based taxes as a stopgap measure to raise revenue. But uni-lateral action is not enough.

The ICRICT supports all dis-cussions that move toward unitary taxation of multinationals, which would eliminate multinationals’ use of transfer prices to shift profi ts, because their global income would

be consolidated. Global profi ts and associated taxes could then be allo-cated geographically according to objective factors such as the com-pany’s sales, employment, resourc-es, and even digital users in each country. We also strongly support the introduction of a global mini-mum eff ective corporate tax rate of between 20% and 25% on all profi ts earned by multinationals.

Th e overriding priority now is to establish an international corporate tax system fi t for the digital econo-my. Th e OECD BEPS process was essentially conceived by developed countries for developed countries. In Paris this month, developing coun-tries must understand what is at stake and make their voices heard, to ensure that any new proposal benefi ts all. — Project Syndicate

José Antonio Ocampo is a board member of Banco de la República, Colombia’s central bank, professor at Columbia University, chair of the UN Economic and Social Council’s Committee for Development Policy, and chair of the Independent Com-mission for the Reform of Interna-tional Corporate Taxation.

As another European Commission (EC) mega fine on Al-phabet Inc nears, it prompts the ques-tion: Can the Goog-

le parent ever free itself from the spectre of penalties from the re-gion’s regulators? The same goes for Amazon.com Inc and Facebook Inc, each of which is facing scruti-ny for how they handle data. They could do a lot worse than looking to a fellow West Coast tech giant for a playbook.

It was not all that long ago that Microsoft Corp was the EC’s nem-esis. For most of the fi rst decade of the millennium, the fi rm was under fi re over the way it bundled products with its then-dominant Windows operating system. It became the sub-ject of what were then record fi nes.

Fast forward to 2019, and Mi-crosoft is fi rmly in regulators’ good books. Th at’s the result of a con-certed eff ort to turn things around. Silicon Valley, take note.

For a long time, Microsoft’s ap-proach to the Commission was an-tagonistic. Its attitude seemed to be that “these European bureaucrats just don’t understand technology, they’re wrong.” Th at pig-headed-ness was well exemplifi ed by the

€860 million fi ne offi cials imposed in 2008 for failing to comply with an earlier ruling.

About fi ve years ago, the com-pany’s attitude started to shift. It realised that, more than just obey-ing the letter of the law, it had to be seen as a positive actor. It turned up the soft diplomacy: having top executives such as president Brad Smith meet more regularly with policymakers, and hosting drinks parties in Brussels. It helped that, in 2014, Satya Nadella succeeded Steve Ballmer as CEO, bringing with him an approach character-ised more by humility than hubris.

It went further. Th e technolo-gy industry was rattled in 2013 by Edward Snowden’s revelations of the extent of US surveillance. Per-haps opportunistically, Microsoft pushed to redefi ne itself as a pri-vacy advocate and lock arms with the Commission in objecting to US demands for access to data.

Google needs to fi nd similarly common ground, and it could start by toning down moves that seem like threats, such as when it said last week it might shutter Google News in Eu-rope in response to a planned copy-right law which might force it to pay publishers more. Playing nice would help burnish the fi rm’s standing in Brussels as the investigation into alleged anticompetitive behaviour

in digital advertising winds down.Amazon is meanwhile in focus

for the way it might use data to imitate products that third-party vendors sell on its site in order to squeeze them out. Th e volume of criticism of Facebook is soaring amid concerns over the spread of false information on its platform, and its granular data on user habits.

Microsoft also off ered remedies which made it seem more coopera-tive. For Internet Explorer, it decided to let Windows users choose which browser they wanted to use, after the regulator criticised how it linked the two products. Th at sort of industrial solution plays well in Brussels.

But in this case, it also fed a fun-damental change in the company’s business. Th e browser option helped Google’s Chrome steal market share from Explorer. Th at would make it all the more urgent for Microsoft to fi nd revenue elsewhere. Personal com-puting now accounts for less than half of sales, and the shift towards other businesses can be explained in part by regulatory pressure.

For Google and Facebook, this makes it even more important that they fi nd revenue streams that do not rely on targeted ads. Th at busi-ness accounts for almost all of the two companies’ sales, and depend on mining user data in a way that

is drawing offi cial scrutiny. Face-book sometimes appears guilty of the mindset that was once sympto-matic of Microsoft, namely thinking that regulators are dumb and don’t understand its business. When chief executive offi cer Mark Zuckerberg was quizzed by members of the Eu-ropean Parliament about privacy is-sues last May, he proved evasive and tried to unilaterally end the meeting when the line of questioning became diffi cult. Lawmakers were outraged.

Perhaps Zuckerberg recognises he needs outside help: After report-edly trying to lure Smith from Mi-crosoft, he ultimately hired former British deputy prime minister Nick Clegg to head global lobbying ef-forts. He faces a colossal challenge to change the company’s image giv-en the pervasive European ill will towards the company’s founder and his lieutenant, Sheryl Sandberg.

As dire as relations might look for the tech fi rms, there’s still scope to turn them around. In 2014, former European Commissioner for Com-petition Neelie Kroes tweeted a selfi e of herself with Smith with the words “A selfi e with Brad Smith from @Microsoft? I never would have be-lieved if you predicted it 10yrs ago.”

If Microsoft can do it, and be-come the world’s most valuable company once again in the pro-cess, so could they. — Bloomberg

1 4 W O R L D B U S I N E S S WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY

Fintech companies raise record US$39.57b in 2018 — research

LONDON: Indian conglomerate JSW Steel and global trading fi rm Duferco are in advanced talks on a fi ve-year cash-for-steel prepay-ment deal, four sources familiar with the matter said, in a rare move for the industry.

JSW, India’s biggest steelmak-er, and Duferco had a prepayment deal in 2006 for US$150 million in upfront cash that would be re-paid over seven years with steel cargoes, but the scale of the pro-posed new deal is much larger.

Two sources said the deal, ex-pected to be signed this quarter, would be worth about US$600 million (RM2.47 billion). Swit-zerland-based Duferco, backed by banks, would provide the cash to be repaid with physi-cal steel.

Duferco, one of the world’s largest steel trading fi rms, de-clined to comment. JSW did not confirm the value of the deal, but said it had a long-standing relationship with Duferco that involves fi nancing arrangements.

One of the sources said JSW was looking for alternate sources of funding while, for Duferco, the deal would lock in future sales of steel with its clients.

Jeff Kabel, chairman of the International Steel Trade Associ-ation, said the deal would repre-sent “a great move forward” for an industry that has seen few such arrangements to date.

Steel derivatives, which allow buyers and sellers to lock in fu-ture prices, are still in their infan-cy, making trade houses wary of prepaying for large tonnages and risk prices moving against them in the future. — Reuters

SAP sets restructuring after meeting 2018 revenue, profi t goalsWALLDORF: Business software company SAP said yesterday it would undertake a compa-ny-wide restructuring to accel-erate its business transforma-tion, after meeting its revenue and profit guidance in 2018. SAP, Europe’s most valuable technology company, said it would take restructuring charg-es of €800 million (RM3.76 bil-lion) to €950 million, mainly in the fi rst quarter. It sees a mi-nor cost benefit in 2019 and savings of €750 million to €850 million from 2020. Walldorf, Germany-based SAP will re-assign some employees and off er early retirement to oth-ers, but still expects its overall head count to be higher at the end of this year, fi nance chief Luka Mucic told journalists on a call. — Reuters

French group Faurecia to launch tender off er for Clarion acquisitionPARIS: French car parts compa-ny Faurecia said it would launch today its tender off er to buy out Japanese car navigation sys-tem maker Clarion as part of its previously announced US$1.3 billion (RM5.34 billion) take-over of Clarion from Hitachi. Th e Clarion takeover is the lat-est in a fl urry of deals among car components businesses, which are trying to keep up with a shift by carmakers into new technologies such as autono-mous driving, connected cars and electric vehicles. Clarion shareholders will be off ered a chance to tender their shares by Feb 28 at a price of ¥2,500 (RM94) per Clarion share, Fau-recia said yesterday. — Reuters

French consumerconfi dence reboundsfrom December lowPARIS: French consumer confi -dence level rebounded in Janu-ary from a slump in the previous month, though it remains well below average as the eurozone’s second-biggest economy grap-ples with the impact of anti-gov-ernment protests. Th e INSEE national statistics agency says consumer confi dence in Jan-uary rose to 91 points from 86 in December, which marked the lowest level since October 2014. Fifteen economists polled by Reuters had forecast a read-ing of 88 points for the January level. — Reuters

PZ Cussons sees lower profi t as Africa challenges mountBENGALURU: Cosmetics and soap maker PZ Cussons plc warned of a big fall in full-year profi t yesterday, hit by sluggish demand and port disruptions in its key Nigerian market. Th e Im-perial Leather soap and Carex handwash maker said adjusted pre-tax profi t for the year ending May was now expected to be around £70 million (RM378.8 million), down from £80.1 mil-lion a year earlier. — Reuters

I N BR I E FSaudi Arabia signs deals worth 204 billion riyalsWorld’s top oil exporter also off ers fresh incentives to attract capital

JSW Steel, Duferco said in talks on steel prepayment dealBY J U L I A PAY N E

& M AY TA A L A N G E L

BY A N N A I R R E R A

BY N O O R Z A I N A B H U S S A I N

& TA N I S H A A N A D K A R

BY M A R WA R A S H A D

& S T E P H E N K A L I N

RIYADH: Saudi Arabia said on Mon-day it had signed agreements worth 204 billion riyals (RM223.7 billion) and off ered fresh incentives to at-tract capital as part of a 10-year programme that would help diver-sify the economy of the world’s top oil exporter.

Th e kingdom is off ering invest-ment opportunities in mining, in-dustry, logistics and energy through its National Industrial Development and Logistics Programme (NIDLP).

NEW YORK: Venture capital-backed fi ntech companies raised a record US$39.57 billion (RM162.63 billion) from investors globally in 2018, up 120% from the previous year, ac-cording to research by data provider CB Insights published yesterday.

Funding was raised through 1,707 deals, up from 1,480 in 2017, the research said.

Th e surge in funding was due in large part to 52 mega rounds, or investments larger than US$100 million, which were worth US$24.88 billion combined.

A US$14 billion investment in Ant Financial, the payment affi liate of Chinese e-commerce giant Ali-baba Group Holding Ltd, account-ed for 35% of total fi ntech funding alone last year, the research added.

In the last three months of the year, five companies joined the coveted ranks of fi ntech “unicorns”, or companies valued at more than US$1 billion. Th ese included cred-it card provider Brex, digital bank Monzo and data aggregator Plaid.

Venture capital investors have been pouring billions of dollars into fi ntech companies, in the hopes

BENGALURU: A coordinated global cyberattack, spread through mali-cious email, could cause econom-ic damages anywhere between US$85 billion (RM349.35 billion) and US$193 billion, a hypotheti-cal scenario developed as a stress test for risk management showed.

Insurance claims after such an attack would range from business

Th at is part of an economic plan launched by Crown Prince Mo-hammed bin Salman in 2016 to end dependence on hydrocarbons and create jobs for young Saudis.

NIDLP aims to boost the contri-bution of these sectors to US$320 billion by 2030 to gross domestic product, stimulate investments worth more than US$426 billion, and increase the volume of non-oil exports to over US$260 billion within an unspecifi ed time period.

It also wants to generate 1.6 mil-lion new jobs.

“Th e programme will be an out-

standing achievement within the economic diversifi cation process led by your royal highness,” energy minister Khalid al-Falih said at a day-long event where Prince Mo-hammed made a brief appearance.

“Th ose who bet on Saudi Ara-bia will not lose while your royal highness is steering.”

Prince Mohammed, who did not deliver remarks but posed for selfi es with attendees, has been the main driver of eff orts to transform Saudi Arabia’s economy and ease some social restrictions.

He has implemented reforms

including ending a ban on wom-en driving and opening cinemas in the conservative nation. But those moves have been accompanied by a crackdown on dissent, a purge of royals and businessmen on cor-ruption charges, and a costly war in Yemen.

Th e killing of journalist Jamal Khashoggi in the Saudi consulate in Istanbul last year by a team of Saudi operatives provoked wide-spread revulsion and tarnished the image of the prince, who had won Western accolades for his reform push. — Reuters

A US$14 billion investment in Ant Financial accounted for 35% of total fi ntech funding alone last year, CB Insights’ research said. Photo by Reuters

that they can gain market share from incumbent fi nancial institu-tions by off ering easier-to-use and cheaper digital fi nancial services.

Fintechs have emerged glob-ally across all sectors of fi nance, including lending, banking and wealth management.

While the large rounds minted new unicorns and led funding to hit a record high in 2018, CB Insights estimates these will likely delay in-itial public off erings (IPOs).

“IPO activity is likely to remain lacklustre in 2019,” the research reads.

Asia saw the biggest jump in number of deals in 2018, growing 38% from the previous year and accounting for a record US$22.65 billion, according to the study.

In the US, fi ntechs raised a re-cord US$11.89 billion through 659 investments, while the number of deals dropped in Europe, but funding reached a record US$3.53 billion. — Reuters

‘Global cyberattack could cause up to US$193b damage’interruption and cyber extortion to incident response costs, the re-port jointly produced by insurance market Lloyd’s of London and Aon said yesterday.

Total claims paid by the insur-ance sector in this scenario are esti-mated to be between US$10 billion and US$27 billion, based on policy limits ranging from US$500,000 to US$200 million.

The stark difference between insured and economic loss esti-

mates highlights the extent of un-derinsurance, in case of such an attack, the stress test showed. An attack could aff ect several sectors globally, with the largest losses in retail, healthcare, manufacturing and banking fi elds.

Regional economies that are more service-dominated, espe-cially the US and Europe, would suff er more and were vulnerable to higher direct losses, the report said. — Reuters

W O R L D B U S I N E S S 1 5WEDNESDAY JANUARY 30, 2019 • THEED G E FINANCIAL DAILY

Korean watchdog to appeal court’s decisionSEOUL: South Korea’s top fi -nancial regulator, the Financial Services Commission (FSC), said yesterday said it will fi le an appeal against a court de-cision to suspend sanctions on Samsung BioLogics Co Ltd. A South Korean court suspend-ed last week the FSC’s disci-plinary action against Sam-sung BioLogics for allegedly breaching accounting rules. In November, the FSC said the biotechnology arm of Samsung Group intentionally breached accounting rules ahead of its 2016 listing. It called for the fi rm’s chief executive offi cer and chief finance officer to be fi red, imposed fi nes, and requested the fi rm correct its balance sheet. — Reuters

Philips underlying 2018 profi t upTHE HAGUE: Dutch elec-tronics giant Philips said yesterday its 2018 headline earnings plunged over 40%, reflecting the disposal of its lighting business, but under-lying profit rose while sales were steady. The company, which is focusing its busi-ness on medical equipment and services, said its full-year net profit was down 41.3% at €1.09 billion (RM5.14 billion) on sales of €18.12 billion, up nearly 2%. Philips said how-ever that 2018 net profit on its continuing activities jumped more than 27% to €1.31 bil-lion. “We achieved our objec-tives for the year,” company chief Frans van Houten said in a statement. — AFP

Total announces newdiscovery in North SeaPARIS: French oil and gas ma-jor Total said it had made a sig-nifi cant, new discovery off the coast of Britain at its North Sea Glengorm prospect, with recov-erable resources estimated at around 250 million barrels of oil equivalent. The company said further drilling and testing would be carried out to appraise the resources and the produc-tivity of the reservoir. “Glen-gorm is another great success for Total in the North Sea, with results at the top end of expec-tations and a high condensate yield in addition to the gas,” said Kevin McLachlan, Total’s senior vice-president for exploration, in a statement. — Reuters

Vietnam fi rm raises US$100m in bond issueHANOI: Vietnam’s diversifi ed group Refrigeration Electrical Engineering Corp has raised US$100 million (RM411 mil-lion) issuing fi xed rate bonds, bookrunner Standard Chartered Bank (Vietnam) Ltd said yes-terday. Th e issue is guaranteed by Asian Development Bank’s trust fund Credit Guarantee and Investment Facility, it said in a statement. Th e bonds are priced at an interest rate of 7% per an-num for a 10-year maturity term, it said. — Reuters

I N BR I E FANA orders US$4.3b in Boeing, Airbus jets‘Decision based on economic growth of Asia, emerging countries’

MELBOURNE: Australia’s fed-eral court has ruled against BHP Group Ltd yesterday over whether the global miner should pay tax in Australia on profi ts made by its marketing arm on the sale of commodi-ties owned by the company’s UK side, BHP Group plc.

BHP, which has a dual share market listing in Australia and the UK, was considering whether to appeal the decision to the high court of Australia, a spokesman said.

Th e tax offi ce says BHP owes A$82 million (RM242.29 mil-lion) in “top-up” tax for 2006 to 2015 on sales of commod-ities, now mostly energy coal, from BHP Group plc’s Austral-ian units, made through the group’s marketing arm, BMAG, according to BHP’s 2018 annu-al report.

As a result of the judgment by the full bench of the federal court, 58% of BMAG’s profi ts from the sale of commodities from BHP Group plc would be subject to Australian for the years since 2006.

Th e judgment overturned an earlier ruling by a tax tri-bunal that had backed some of BHP’s objections to the tax assessment. — Reuters

JAKARTA: Indonesia’s exports of stainless steel in slabs and hot-rolled coil jumped in 2018 and will continue to grow this year as the country boosts its steel production, the industry ministry said.

Stainless steel slab exports rose to 459,502 tonnes in the fi rst nine months of 2018, up from 302,919 tonnes for all of 2017, the industry ministry said on Monday. Hot-rolled coil ex-ports surged to 877,990 tonnes for the same period, from 324,108 tonnes for all of 2017.

Steel exports would climb due to the continued develop-ment of the Morowali industri-al area, located at Indonesia’s main nickel producing area on the island of Sulawesi, Harjan-to, director general for metal industries, said in a statement.

Morowali is targeting stain-less steel production capacity of four million tonnes a year, he said, adding that would make Indonesia the world’s second-biggest producer of the metal. — Reuters

Australia wins appeal against BHP over tax owed by unit

Indonesia stainless steel exports up sharply in 2018

BY E R I C M J O H N S O N

& M A K I S H I R A K I

SEATTLE/TOKYO: Japan’s ANA Holdings Inc said it would order 38 planes worth US$4.33 billion (RM17.67 billion) from Boeing Co and Airbus, and buy a stake in Philippines Airlines parent PAL Holdings Inc to support its Asia’s growth strategy.

Th is confi rms a Reuters report that Boeing was close to a deal to sell 737 MAX jets to ANA, and that Japan’s biggest carrier was also poised to order Airbus A320neos.

Th e order is the fi rst in Japan for the newest version of Boeing’s best-selling 737 family and comes at a time when the country is facing pressure from US President Donald Trump’s administration to cut its trade surplus with the US.

ANA was also the fi rst from Japan to pick Airbus’ narrow-body jet fi ve years ago. Th e neo is a newer ver-sion of the A320 jet that is popular with Japanese low-cost airlines.

“The decision was based on the economic growth of Asia and emerging countries, with demand in the Asian aviation market and inbound demand on the rise,” ANA said of the fresh orders.

Th e airline, which saw its inter-national revenue spike 11% in the

DUBAI/ABU DHABI: Abu Dhabi Commercial Bank (ADCB), Union National Bank (UNB) and Al Hilal Bank yesterday agreed to a merger to create the third-largest bank in the United Arab Emirates (UAE).

Th e tie-up is expected to take ef-fect in the fi rst half of 2019.

It will involve a statutory merger between ADCB and UNB. ADCB will issue 0.5966 shares for every UNB share, corresponding to a total of 1.64 billion new shares issued to UNB shareholders and valuing UNB at nearly US$4 billion (RM16.44 billion).

Al Hilal Bank will operate as a separate Islamic entity within the merged bank.

“Th e Abu Dhabi government is continuing its restructuring eff orts to create stronger entities with a strong fi nancial base to grow globally,” said Tariq Qaqish, managing director of asset management at Menacorp.

Abu Dhabi Investment Council (ADIC), a government investment arm, is the majority shareholder in ADCB and UNB, both listed in Abu Dhabi. Unlisted Al Hilal is wholly

December quarter versus a 0.5% rise at home, also announced an in-vestment of US$95 million for a 9.5% stake in PAL in line with its Asia push, saying it was confi dent in the Phil-ippine market’s growth prospects.

ANA’s purchase of 20 737 MAX jets is worth US$2.3 billion, while its order for 18 A320 neos is worth US$1.99 billion, based on list pric-es, although airlines typically get large discounts.

ANA said it also had options for another 10 737 MAX jets.

Boeing and Airbus, top plane-makers, have amassed thousands of orders for their narrow-body jets on signifi cant fuel savings off ered

by a new generation of engines, but they continue to battle for glob-al market share, with the US fi rm chipping away at its European ri-val’s recent lead.

ANA’s narrow-body fl eet, which will take the 737 MAX jets, is split between Airbus and Boeing and appears set to remain that way af-ter the latest orders rather than transitioning to all-Airbus as older 737s are retired. Its budget off shoot Peach, which will take the A320ne-os, has an all-Airbus fl eet.

However, Boeing dominates the count, at 81% as of end-March, among ANA aircraft with more than 100 seats. — Reuters

File photo of a Boeing 737 MAX is seen on the static display, before the opening of the 52nd Paris Air Show at Le Bourget airport near Paris, France, on June 16, 2017. Photo by Reuters

Th ree Abu Dhabi lenders agree to create US$114b bankBY TO M A R N O L D

& S TA N L E Y C A R VA L H O

owned by ADIC, which is now part of Mubadala Investment Co.

On the date the merger takes eff ect UNB shares will be delisted from the Abu Dhabi Securities Ex-change, with the combined bank retaining ADCB’s identity and legal registrations.

The combined entity will ac-quire Al Hilal Bank for one billion dirhams (RM1.11 billion) by issu-ing a mandatory convertible note for up to 117.6 million post-merger ADCB shares to ADIC.

ADCB yesterday reported annual profi t of 4.84 billion dirhams, up from 4.28 billion a year earlier.

After the completion of the merg-er, ADIC will own 60.2% of the com-bined bank, other ADCB sharehold-ers owning 28% and other UNB shareholders holding 11.8%.

As reported by Reuters on Mon-day, Eissa Mohamed al Suwaidi, chairman of ADCB, will retain the same post at the new bank, as will ADCB chief executive offi cer Ala’a Eraiqat. — Reuters

BY S O N A L I PAU L

BY F E R G U S J E N S E N

A branch of UAE based bank Al Hilal is seen in Jumeirah. Photo by Reuters

1 6 F O C U S WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY

Huawei is blocked in US but its chips power many camerasChinese-made chips that run millions of cameras across the US have them worried over violating US law

BY M A R K B E R G E N & B L A K E S C H M I DTPHOTOS BY BLOOMBERG

Pelco, a California-based securi-ty camera maker, set lofty sales targets last year for a model with sharper video resolution and oth-er cutting-edge features. That was until Congress derailed its plans.

In August, updated legislation barred the US military and government from buying tech gear from fi rms deemed too close to authorities in China. When the bill surfaced, Pelco scrapped any thought of providing its new GPC Professional 4K camera to the US government and lowered its sales goals. Th e reason: Th e device uses parts from HiSilicon, the chip division of Huawei Technologies Co.

Huawei, China’s largest technology com-pany, is the target of a broad US crackdown over allegations it has stolen trade secrets, violated sanctions against Iran and sells equipment that could be used by the coun-try’s Communist Party for spying.

Most of the focus is on Huawei telecom gear that helps run communications net-works all over the world. But chips from the HiSilicon unit are also sparking concern because they power about 60% of surveil-lance cameras. Th at means Chinese chips process video from cameras that sit in plac-es as varied as pizzerias, offi ces and banks across the US.

Huawei has repeatedly denied its equip-ment is used for spying and says it isn’t a tool of China’s government. A HiSilicon rep-resentative did not respond to requests for comment. Still, the fact that Chinese-made chips run millions of cameras across the US has some legislators worried. A particular concern is that China’s highly developed domestic surveillance capabilities could be turned against the US.

“It’s related to what China is doing on its own territory: using surveillance cameras to construct a massive, Orwellian state,” Rep-resentative Mike Gallagher, a Republican on the House Armed Services Committee, said in an interview. “Th e prospect of them do-ing something surreptitiously outside their borders is a cause for alarm.”

Th ere’s no evidence that cameras with HiSilicon chips have been used in this way. But recent hacks show what’s possible. In CONTINUES NEXT PAGE

2016, cameras made by China’s Hangzhou Xiongmai Technology Co were used to launch a cyberattack that severed Internet access for millions of people. Th e incident stunned the camera industry, although such vulner-abilities have not been found with HiSilicon equipment, industry insiders say.

What is clear, though, is that HiSilicon chips

are deeply embedded in a security camera supply chain that’s complex and hard to track. Industry blog IPVM reported in December that these Chinese components power tens of millions of Western devices sold by house-hold names including Honeywell Internation-al Inc. Cameras with HiSilicon chips are on sale widely through Amazon.com.

John Honovich, who runs the IPVM blog, said HiSilicon is most prevalent on cameras below US$200 (RM822). “If you go into a pizzeria or a mom-and-pop restau-rant, HiSilicon is generally there,” he said.

HiSilicon’s pervasiveness is the result of China’s push to create its own semi-conductor industry, rather than relying on US companies. Th e Huawei unit gen-erated US$7.6 billion in revenue last year, eclipsing Silicon Valley stalwarts such as Advanced Micro Devices Inc, according to Sanford C Bernstein estimates. Security cameras are a major source of these sales.

Th e camera industry is a complex web of distribution companies and licensing agreements, making it diffi cult to track which devices have HiSilicon components — and whether they violate the US rules that took eff ect in August.

Hanwha Techwin America, which sells cameras to banks, casinos and hospitals, uses HiSilicon in at least three product lines. But with the South Korean com-pany’s devices sold through a cadre of distributors and re-sellers, it’s diffi cult to determine if the government purchases devices with HiSilicon, said marketing director Miguel Lazatin.

“We probably do sell it to government institutions, but we don’t have good visi-bility,” he said. Lazatin also wasn’t certain

01

01. A Huawei surveillance camera installed in the US.

02. Huawei’s Balong 5000 chip for 5G devices is unveiled in Beijing on Jan 24. The chip is the world’s fi rst intended for use in 5G devices.

03. Huawei employees walk out of a building at the company’s campus in Dongguan, China.

04. A robot (right) passes employees working on the assembly line of a Huawei mobile phone plant in Dongguan, China.

02 03

F O C U S 1 7WEDNESDAY JANUARY 30, 2019 • THEED G E FINANCIAL DAILY

BY G I N A C H O N

SWEEPING US charges against Huawei Technologies will test appetites in Wash-ington and Beijing for a trade deal. Th e Chinese telecom fi rm was charged with bank fraud related to Iranian sanctions violations and the theft of trade secrets from T-Mobile US. Th e move comes just before US and Chinese offi cials are due to hold critical negotiations aimed at ending their tit-for-tat tariff s.

The US Justice Department (DoJ) dropped a hammer on Huawei on Mon-day. In two indictments involving a total of 23 counts, prosecutors said Huawei lied to banks about its ownership of Skycom Tech, which they allege was its Iranian affi liate. Th e same charges led to the arrest of Huawei chief fi nancial officer Meng Wanzhou in Canada in December. Th e DoJ is seeking her ex-tradition. Another case alleged Huawei took advantage of its partnership with T-Mobile to steal information about a robot that tests mobile phones.

The charges could complicate high-level trade talks set to begin today. China’s Vice Premier Liu He will meet with US Trade Representative Robert Lighthizer and others. American offi -cials want China to stop forced technol-ogy transfers and intellectual property theft, among other issues. Th e Chinese want the administration of President Donald Trump to lift tariff s, which they challenged at the World Trade Organi-zation on Monday.

Uncertainty about the trade talks have roiled markets, which worries the American president. He has already said he may intervene in Meng’s case if it helps seal a trade deal. Th e Dow Jones Industrial Average fell by more than 200 points on Monday as Caterpillar and Nvidia became the latest US com-panies to warn that China’s slowdown would hit profi t.

China’s sluggishness has also fanned worries about global growth. Th e main-land economy expanded by 6.6% in 2018, the slowest pace since 1990. Th e head-winds facing China predate Trump, but his tariff s did not help. Chinese President Xi Jinping will also be under pressure to retaliate for the Huawei case. Meng’s ar-rest has already led to calls for a boycott of Apple products in China.

US and Chinese offi cials have said the Huawei charges are separate from the trade talks, but they will be hard to ignore given the DoJ’s aggressive actions. Th e way Trump and Xi handle the case will show how badly they want to avert a trade war. — Reuters

US Huawei charges test trade deal appetite

FROM PREV I O U S PAGE

if selling those cameras violates the US law because it mentions “telecommuni-cations” gear from Huawei and China’s ZTE Corp, but not video equipment or HiSilicon itself.

Gallagher, the Congressman from Wis-consin, said the National Defense Au-thorization Act unequivocally applies to products from HiSilicon since it is a fully-owned subsidiary of Huawei. Th e law also specifi cally mentions Chinese surveillance camera makers Zhejiang Da-hua Technology Co and Hangzhou Hikvi-sion Digital Technology Co as companies that cannot supply the US government. A Hikvision representative declined to comment. In a statement last year, Da-hua said it operates with “a high level of business integrity”.

Th at’s made non-Chinese security cam-era makers increasingly reluctant to work with HiSilicon on devices for the US market and government projects, Silicon Valley chip company Ambarella Inc told analysts during a late November conference call.

“Th is has helped us win new designs at major customers that had previously used HiSilicon,” Ambarella chief execu-tive offi cer Fermi Wang said.

Th ermal camera maker Flir Commercial Systems Inc signed a licensing deal with Zhejiang Dahua in 2014 and sold US$1.45 billion of gear to the US government from 2014 to 2018, according to Bloomberg Government data. Flir dissolved its agree-ment with Dahua two years ago and now uses Ambarella chips, according to a Flir spokesman.

Honeywell, a major government sup-plier, produces cameras using manufac-turing designs from Dahua. Scott Sayres, a spokesman for Honeywell, said a very small percentage of the company’s cam-

eras use HiSilicon chips and those models are not sold to the US government.

Dahua and Hangzhou Hikvision hired Washington lobbying fi rms in 2018, ac-cording to Bloomberg Government data. Both surveillance camera companies sell models under their own name and churn out custom designs that non-Chinese fi rms slap their brand on.

Representatives for Hikvision argued to legislators that the law unfairly lumps tele-com fi rms with video operators, according to three people familiar with the conversa-tions. Th e company has pushed for other supply chain legislation that would restrict sales bans to particular components rather than blanket prohibitions on manufactur-ers, these people said.

In October, the Security Industry Associ-ation, a trade group, wrote to Congress seek-ing clarifi cation of “ambiguities” in the law, particularly around the supply chain. One

BY PAT R I C K D O N A H U E , S T E FA N N I C O L A

& B R I A N PA R K I N

EUROPE would fall behind the US and China in the race to instal the next gener-ation of wireless networks if governments ban Chinese equipment supplier Hua-wei Technologies Co over security fears, according to an internal assessment by Deutsche Telekom AG.

Offi cials at Europe’s largest telecom-munication company have warned that removing Huawei from the list of sup-pliers of fi fth-generation (5G) networks would delay roll-out of the technology by at least two years, said people familiar with a briefi ng paper written in recent weeks. Th e people asked not to be iden-tifi ed because the fi ndings are confi den-tial. A Bonn-based Deutsche Telekom spokesman declined to comment.

Germany and other European gov-ernments have been weighing whether to place restrictions on the use of Hua-wei equipment over concerns that Chi-nese intelligence could use it to spy on other countries, fears the company has dismissed.

Th e US intensifi ed the tension on Mon-day, when federal prosecutors fi led crim-inal charges against Huawei, alleging it stole trade secrets from American rival T-Mobile US Inc and committed bank fraud by violating sanctions against do-ing business with Iran. Th e move came

Deutsche Telekom said to warn Huawei ban would hurt 5G

before talks this week aimed at ending a US-Chinese trade war, with Washington pushing Beijing to respect laws on intel-lectual property as it emerges as a tech-nology power.

Th e Deutsche Telekom paper shows how nervous Europe’s telecom industry has become that governments could throw its carefully laid network expansion plans into chaos. Huawei has become a leading sup-plier to phone companies in the region as they prepare to spend billions of euros on 5G to cope with surging data demand and support potentially lucrative applications such as self-driving cars, smart appliances and connected factories.

Deutsche Telekom has installed Huawei systems in thousands of its wireless towers. Th e supplier’s technology also forms the backbone of some of the German compa-ny’s cloud products.

Deutsche Telekom shares rose 0.8% as of 9.01am in Frankfurt yesterday.

Dialing backIn its internal assessment, Deutsche Tel-ekom said 5G networks must be built on top of existing 4G infrastructure, which already relies extensively on Huawei gear. So if Huawei is banned outright and com-panies are forced to rip out all of its equip-ment, that would cost the industry many billions of euros, the people said.

Such a blanket, retroactive ban on us-ing Huawei for 4G might be unlikely; bans

elsewhere in Australia and New Zealand, for example, have prohibited purchases of Huawei gear solely for 5G networks, which are viewed as harder to police as they process much of their data outside a central core.

Some telecom companies are already dialing back work with Huawei as the pres-sure on the company grows, throwing their cooperation into doubt. Vodafone Group plc said last week it is suspending some Huawei equipment purchases for the core of its networks in Europe. Deutsche Tele-kom said last month it is re-evaluating its purchasing strategy — a fi rst indication the German carrier may drop the Chinese company from its list of suppliers.

Other countries including the US, Aus-tralia and New Zealand have blocked or limited the use of Huawei equipment in public infrastructure. Th e US has especially raised pressure on German policymakers, with a US delegation dispatched to Berlin last month to make the case about risks posed by Huawei. Germany is weighing how to respond.

Dropping Huawei in Europe would not be easy. Most carriers have ordered its equipment because the technology is of-ten seen as superior to that of its rivals. Competitors including Ericsson AB, Nokia Oyj, Cisco Systems Inc and Samsung Elec-tronics Co would have to step in if Huawei were to be banned, potentially leading to capacity constraints. — Bloomberg

Non-Chinese camera makers reluctant to use HiSilicon on devices

concern is that the ban may extend beyond the federal government to local agencies, according to two people familiar with the conversations. Th at could hurt HiSilicon even more because its chips are often in cheaper security cameras used by smaller organisations.

When Pelco, a unit of Schneider Electric SE, fi nally released its GFC Professional 4K camera in November, the company stressed that the model does not comply with the National Defense Authorization Act. It also delayed the release of the product line, and spent time and money changing the packag-ing, documents and camera web interface.

The company also created a web page listing many of its other products that do comply with the updated law on US govern-ment purchases.

“Pelco is proud to be a trusted vendor to so many discerning customers,” Pelco chief marketing offi cer Robert Beliles said. — Bloomberg

04

BLOOMBERG

1 8 W O R L D B U S I N E S S WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY

China’s January factory activities seen shrinking further — poll

China’s equity market testing new chief regulatorTh is is amid jitters in the tech hub and companies dropping by their daily limit

SHANGHAI: Chinese regulators have cut the premium that local governments must pay to issue debt, sources with direct knowl-edge of the matter told Reuters yes-terday, lowering their borrowing costs as Beijing hopes to kick-start investments and shore up growth.

Th e change comes after over-whelming demand saw recent local government bond issues massively oversubscribed, un-derscoring their distorted pric-ing and the market’s appetite for high-quality debt as Beijing relaxes monetary conditions.

The sources said local gov-ernments would be able to issue bonds at a minimum spread of be-tween 25 and 40 basis points (bps) over central government bonds of the same maturity. Previously, local governments were required to issue bonds with a minimum spread of 40bps over equivalent Chinese treasury bonds.

“The previous minimum spread did not refl ect the mar-ket,” said a trader at an Asian bank based in Shanghai. She added that while some traders were initially confused by the rule change, it eff ectively means a re-duction in the minimum spread to 25bps. — Reuters

BEIJING: China yesterday un-veiled a fl urry of measures aimed at spurring sales of items from cars and appliances to informa-tion services, as the world’s sec-ond-largest economy grows at its slowest pace in nearly 30 years.

In a statement on its website, the National Development and Reform Commission (NDRC) said restrictions will be loosened on the second-hand auto market, and “appropriate” subsidies will be provided to boost rural sales of some vehicles and purchases of new energy vehicles. Th e state planner did not give details of the subsidies, which it said that central and regional governments will set.

For the first time since the 1990s, auto sales in the world’s biggest car market shrank in 2018, as China grapples with a slowing economy and a fallout from trade frictions with the US.

Th e new measures’ focus “is not simply to increase the con-sumption of large cars, but also to integrate the industrial trans-formation and upgrading of con-sumption”, NDRC official Liu Yunan told a news conference.

Commerce Ministry deputy director of market operations Wang Bin said in the long term, auto sales “are still the main fac-tor driving consumption growth”.

Miao Wei, minister of indus-try and information technology, told a separate news conference that in the past, “substandard and high-quality vehicles were sold to consumers, but current-ly resources will be allocated to high-quality companies”.

Th e NDRC also said it would accelerate the launch of com-mercial licences for 5G, the next generation wireless technology promising to link everything from vehicles to household devices at far greater speeds. China has pledged to speed up the commer-cial use of 5G in 2019 and become a manufacturing powerhouse.

China will support the sales of green and smart home appli-ances, the NDRC said, adding regional governments should consider consumer subsidies for such products that would have an obvious impact on driving growth and reducing emissions. — Reuters

China cuts local govt debt issuance costs to spur investment

China to off er subsidies on cars, appliances to lift weak demand

BY RYA N W O O

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

BY B E I J I N G N E W S R O O M

& Y I L E I S U N

BY A M A N D A WA N G , S O F I A H O R TA

E C O S TA & K A N A N I S H I Z AWA

BY LU S H A Z H A N G & RYA N W O O

SHANGHAI/HONG KONG: A spell of panic in China’s technology hub showed the country’s equity market is still very nervy. Th e Shenzhen Composite Index suddenly tumbled as much as 2.7% yesterday morn-ing, with more than 20 companies’ shares dropping by the 10% daily limit allowed by the exchange.

While traders initially attributed the moves to the US fi ling criminal charges on Monday against Hua-wei Technologies Co, most of the declines only occurred about 30 minutes after the open.

Th e losses eased after China’s se-curities regulator dismissed a local media report saying newly appointed chairman Yi Huiman would prioritise the introduction of short-selling tools in 2019. Th e Shenzhen benchmark, punished because it hosts new-econ-omy stocks that tend to command the loftiest valuations, ended the day down 1.1%. It has still advanced 2.6% this month after a 33% rout in 2018,

its worst year in a decade.Th e China Securities Regulato-

ry Commission’s (CSRC) response gave some relief, KGI Asia Ltd exec-

utive director Ben Kwong said. “In-vestors are usually worried about policy changes, so they are a bit sensitive to market speculation.

Th ey will keep an eye on what kind of new measures will be announced after the change in the CSRC chair-man,” he said. — Bloomberg

BEIJING: Activities in China’s vast manufacturing sector likely shrank for a second straight month in Jan-uary, a Reuters poll showed, height-ening concerns over the risks the Chinese slowdown poses to the global economy.

Industrial bellwether Caterpil-lar became the latest heavyweight multinational to warn of cooling demand in China this week, joining technology fi rms such as microchip makers and Apple Inc.

China’s official manufactur-ing Purchasing Manager’s Index (PMI) is forecast to dip marginal-ly to 49.3 from December’s 49.4, according to the median forecast of 33 economists. The 50-mark

separates growth from contrac-tion on a monthly basis. January’s reading is the weakest since Feb-ruary 2016.

The data give global investors their first look at business con-ditions in China at the start of the year, but this year it might be distorted by the week-long Lunar New Year break beginning Feb 4, analysts said. Businesses typical-ly scale back operations or close for lengthy periods around the holidays.

However, Reuters’ interviews with workers, business owners, labour activists and trade lawyers revealed some businesses are shut-ting earlier than usual this year as a prolonged trade war with the US curtails orders.

Unless Washington and Beijing reach some sort of compromise in current negotiations that will relieve tariff pressures, more factories are likely to shut for good.

Bleak PMI readings would raise the possibility that Beijing may speed up and intensify its policy easing and stimulus efforts this year, after a series of measures in 2018, analysts said.

Still, many China watchers believe business conditions are likely to get worse in the coming months before the impact of sup-port steps starts to be felt. Some economists believe growth could even dip below 6% in the first half — from 6.4% in the fourth quarter — before stabilising later in the year. — Reuters

BEIJING: More Chinese provinces have cut their annual growth tar-gets in 2019 than those of the year before, a sign of deepening pessi-mism among local governments amid weakening domestic demand and a prolonged trade dispute with the US.

Th e lower regional targets rein-force expectations of a further slow-

More Chinese provinces cut growth targets this year as gloom spreadsdown in the world’s second-biggest economy this year, after 2018 gross domestic product expanded at its slowest pace in nearly three decades.

Of China’s 31 provinces, regions and municipalities, at least 23 cut their economic growth targets for this year, according to provincial announcements this month. In 2018, 17 provinces set lower targets.

Shandong, China’s third-rich-est province, had yet to announce

its 2019 target. Five provinces — Sichuan, Hebei, Guizhou, Gansu and Hainan — kept their targets unchanged from last year. Th at com-pares with 12 provinces that main-tained their targets in 2018. Only one province — Hubei — raised its target, encouraged by an emerging high-tech manufacturing sector.

“Th e new provincial targets re-fl ect the challenges faced by Chi-na. Export-driven coastal areas are

facing the risk of lower growth amid uncertainty from the US-China trade war,” said Tommy Xie, China econ-omist at OCBC Bank in Singapore. “Western China will remain the key source of growth due to rising con-sumption and services.”

The downward revisions also imply China will set a lower na-tional growth target this year, prob-ably from 6% to 6.5%, he added. — Reuters

https://www.edgeprop.my/

2 0 W O R L D WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY

iPhone FaceTime bug lets callers eavesdropSAN FRANCISCO: A new-ly discovered FaceTime bug lets people hear and even see those they are reaching out to on iPhones even if the other person has not answered their phone. When a phone number is dialled on FaceTime — the iPhone’s Internet-based voice and video calling feature — the caller can swipe up from the bottom of the screen and tap an option to add a person, according to video demonstra-tions. If the caller then enters their own number as that of the added caller, a group call begins even though the per-son being called hasn’t even answered. Th e caller can then eavesdrop on the person being called, and in some demon-strations even watch them through the camera app. De-clining a call breaks the con-nection. — AFP

Failed escape bid earns Singapore fraudster more jail timeSINGAPORE: A Singaporean man jailed over a multimil-lion-dollar fraud at a glitzy mega church was given extra prison time yesterday for trying to fl ee the country before his sentence started. In a case that gripped the city state with a mix of religion and lavish spending, six City Harvest Church leaders were convicted in 2015 of pil-fering tens of millions of dol-lars from the place of worship to promote the pop career of the pastor’s wife. Among them was investment manager Chew Eng Han, who was sentenced to three years and four months. But a day before he was due to go to jail, police caught him in a small fi shing boat off eastern Singapore attempting to fl ee to Malaysia. — AFP

British MPs back baby leave proxy votingLONDON: British lawmakers have approved a year-long trial of proxy voting for members of parliament (MPs) on paren-tal leave from yesterday. MPs have been discussing the idea for several months but mat-ters came to a head when one of their number postponed a Caesarian section in order to vote in Britain’s long-running Brexit saga. The motion was passed late on Monday. It will allow new parents to nominate a colleague to vote on their be-half. — AFP

Wife banned from visiting jailed TaiwaneseTAIPEI: Th e wife of a Taiwan-ese democracy activist jailed in China condemned Beijing yesterday after she was banned from visiting him in prison for three months in a case that has strained cross-strait ties. NGO worker Lee Ming-che was sen-tenced to fi ve years in prison in November 2017 on charges of subverting state power by a court in central Hunan prov-ince. — AFP

I N BR I E FUS charges Huawei for sanction violationsIn a separate case, it also charges the company for technology theft

WASHINGTON: Early 2020 pres-idential candidate Kamala Harris introduced herself to American voters on Monday by drawing a sharp contrast with US President Donald Trump, off ering a ro-bust defence of her progressive positions a day after formally declaring her White House bid.

By launching her campaign a year before any primary votes are cast, the Democratic senator from California leapfrogs several party luminaries waiting in the wings, and a few already in the race, to become the de facto frontrunner.

It is a burgeoning fi eld that may ultimately feature dozens of candidates seeking to oust Trump.

Harris immediately took her campaign to Iowa, the state that votes first in the nominating process, holding a televised town hall from Des Moines where she eviscerat-ed the Trump administration for “lighting that fi re” of racial division and seeking to “vilify” young immigrants. — AFP

Harris emerges as front runner to oust Trump

BY D I A N E B A R T Z , S A R A H N LY N C H

& S I J I A J I A N G

BY M AY E L A A R M A S

& D E I S Y B U I T R A G O

BY M I C H A E L M AT H E S

Timeline of how Chinese telecom giant Huawei has been dropped from major markets

Recent global growth

By smartphonemarket share

United StatesPartnershipwithAT&T fallsthrough

Australia bans Huawei from5G infrastructure over

national security concerns

US urgesallies to

shun Huawei:WSJ report

New Zealandintelligence

bans Huaweifrom 5G rollout

Meng exiting courtin Vancouver, Dec 11

Britain’s BT dropsHuawei from 4G

rollout

Jan 2018 Jan 29,2019 2018201720162015

5%

10%

15%

Aug Nov Dec

Huawei under pressure

Source : IDC/Trendforce

Japan is to ban governmentuse of telecom products made

by Huawei: media reports

Market share, Q3 2018

Samsung20.3

Huawei14.6

Apple13.2

Xiaomi9.7

Oppo8.4Others

33.8

Financial chiefMeng Wanzhouon Dec 1 arrestedin Canada

US Justice dept.unveils federalcharges againstMeng and Huaweiaffiliates forviolations relatedto US sanctionsagainst Iran

WASHINGTON/HONG KONG: Th e US on Monday announced criminal charges against China’s Huawei Tech-nologies Co Ltd, escalating a fi ght with the world’s biggest telecommu-nications equipment maker which denies wrongdoing, and coming days before trade talks with Beijing.

Th e Justice Department charged Huawei and its chief fi nancial offi cer (CFO) with conspiring to violate US sanctions on Iran by doing business through a subsidiary it tried to hide.

In a separate case, the Justice De-partment said Huawei stole robotic technology from T-Mobile US Inc. Huawei has said the companies set-tled their dispute in 2017.

CFO Meng Wanzhou, the daugh-ter of Huawei’s founder, was arrested in Vancouver on Dec 1, in a move which was followed by China ar-resting two Canadians on national security grounds. She has denied wrongdoing and was scheduled to appear in court yesterday to discuss changes to her bail terms.

Late on Monday, public broad-caster CBC said the US has formal-ly requested her extradition, citing Canada’s Justice Department.

Huawei said it was “disappoint-

CARACAS: Venezuelans braced for the deepening of a brutal eco-nomic crisis yesterday after the US imposed sanctions sharply curbing the country’s vital oil exports, while the socialist government responded by refusing to load crude cargoes without payment.

The Trump administration hopes the sanctions, which bar state-owned oil company Petroleos

BEIJING: China’s top trade negoti-ator arrived in Washington as the world’s top two economies prepare for high-stakes trade talks, Chinese state media said yesterday.

Th e large delegation led by Vice Premier Liu He and including the head of the central bank arrived on Monday as a US Justice Department indictment against top Chinese tech fi rm Huawei was unsealed, possibly complicating the discussions.

Beijing and Washington have a month remaining on a truce that delayed a hike in tariff s on hundreds of billions in Chinese exports econ-omists say could further damage an already-faltering global economy.

Trump will meet with Liu during the two-day talks, which are slated to open today, US offi cials said, as pressure mounts on both sides to reach a deal, with China in particu-lar struggling with stuttering growth.

While there have been contradic-tory reports on the chances of success for the negotiations, global equities have risen in recent weeks on hopes the two will reach some sort of deal. China’s negotiating team includes central bank chief Yi Gang, Vice Fi-nance Minister Liao Min and Vice Foreign Minister Zheng Zeguang, among other high level offi cials, of-fi cial state news agency Xinhua re-ported. — AFP

ed” to learn of the charges. It said it had sought to discuss them with US authorities “but the request was re-jected without explanation”.

“Th e Company denies that it or its subsidiary or affi liate have commit-ted any of the asserted violations...,

is not aware of any wrongdoing by Ms Meng, and believes the US courts will ultimately reach the same con-clusion.” China’s foreign ministry ex-pressed “grave concern” and urged the United States drop the arrest war-rant and end “unreasonable suppres-

sion” of Chinese companies.Th e development is likely to upset

talks between Beijing and Washing-ton this week as part of negotiations intended to walk back trade tensions between the globe’s two largest econ-omies. — Reuters

US sanctions threaten to send Venezuela’s economy into crisis

de Venezuela (PDVSA) from col-lecting proceeds from crude sales to US refineries, pressure Presi-dent Nicolas Maduro to step down and allow opposition leader and self-proclaimed president Juan Guaido to call elections.

In a national broadcast on Mon-day night, Maduro said he would take legal action to challenge the sanctions and defend Citgo Petrole-um Corp, PDVSA’s US refi ning sub-sidiary, which he accused the US of trying to steal. “We will provide the

reciprocal and convincing response needed to defend Venezuela’s in-terests in due time,” Maduro said.

PDVSA responded to the sanc-tions by ordering customers with tankers waiting to load crude des-tined for the US to prepay, accord-ing to three sources with knowledge of the decision. Such prepayment could be in violation of the sanc-tions, setting the stage for a standoff at the ports.

US is the No 1 buyer of Venezue-lan crude. — Reuters

‘China’s top trade negotiator arrives in US for talks’

F E AT U R E 2 1WEDNESDAY JANUARY 30, 2019 • THEED G E FINANCIAL DAILY

China’s crackdown on pollution a boon to world’s shipbuildersCountry turning to LNG as replacement for coal for heating

BY K Y U N G H E E PA R K

The world’s biggest ship-builder sees China’s clean-up of its smoggy skies lifting prices of the vessels this year.

As China prioritis-es dealing with the smog that has famously blanketed Beijing and other big cities, the world’s sec-ond-biggest economy is increas-ingly turning to liquefi ed natural gas (LNG) as a replacement for coal for heating and other pur-poses, boosting the import of the cleaner fuel.

Hyundai Heavy Industries Co expects orders for carriers of the gas to lead demand for new ships, chief executive offi cer Sam H. Ka said.

“China’s need for LNG ap-pears to have triggered the re-start of some gas projects in the US, Australia and Qatar. Our slots for LNG-carrier construction are pretty much fi lled up until 2021,” Ka said from Seoul.

Surging demand for LNG in Chi-na, as well as in smaller emerging economies, has spurred energy ex-plorers, including Royal Dutch Shell and Total SA, to focus on invest-ments in gas development projects.

The accompanying demand for carriers to transport the fuel is a bright spot for a shipbuild-ing industry that has struggled to win orders since crude oil prices slumped in 2014.

Qatar plans to order about 60 new LNG carriers, adding to the 50 it already owns, according to

Energy Minister Saad Sherida Al Kaabi.

Ka expects the rising demand to benefi t the world’s top three shipyards, which are all based in South Korea.

Gas carriers are the most ex-pensive commercial ships and

take the longest time to build.“Th is is a good start to the new

year with clear signs of strong de-mand for LNG carriers. As more and more slots get filled with LNG-carrier orders, it’s going to enable shipyards to raise prices for all types of vessels,” said Um

Kyung-a, an analyst at Shinyoung Securities Co in Seoul.

Hyundai Heavy, Samsung Heavy Industries Co and Dae-woo Shipbuilding & Marine En-gineering Co, together with other smaller South Korean shipyards, won 94% of the 80 LNG carriers

BY S O F I A H O R TA E C O S TA

INVESTORS locked into holding newly listed Hong Kong stocks could only watch as last year’s bear market ate away at their returns. Th e shackles will soon be off .

Xiaomi Corp saw a wave of sell-ing after its lock-up period — when key investors are banned from sell-ing stock — ended three weeks ago.

Similar restriction terms are due to end for China Tower Corp next month, followed by Meituan Di-anping and Haidilao International Holding Ltd in late March. Th ey’re among more than 50 companies whose mandatory holding periods are yet to expire in Hong Kong this quarter, according to data com-piled by Bloomberg.

Th e city was host to the world’s busiest venue for initial public of-ferings (IPOs) in 2018. But a market rout has put the onus on their sky-high valuations, making it more

Xiaomi rout throws spotlight on HK’s expiring lock-upslikely that early shareholders will exit as soon as they are able.

“Venture-capital (VC) investors pressured technology companies to come to market last year, and there was a very strong pipeline with very high multiples across the board. Now that is coming out,” said Travis Lundy, a special situations analyst who publishes on Smartkarma.

China Tower’s expiry on Feb 8 will unlock shares owned by its 10 cornerstone investors, including Hillhouse Capital, Och-Ziff Cap-ital Management Group LLC and Alibaba Group Holding Ltd.

Th ey bought a combined US$1.4 billion (RM5.75 billion) of shares in the IPO.

Early investors in Meituan Dian-ping will be able to sell come March 21 — the food delivery giant attract-ed fi ve backers who bought US$1.5 billion of the stock in the off ering.

Hotpot chain Haidilao’s post-

IPO restriction ends on March 26. Cornerstone investors agreed to buy a combined US$375 million of stock, according to the IPO terms from September.

High valuationTh e Xiaomi selling was made more severe by the IPO already being one of Hong Kong’s worst before the lockup period expired. Along with concern over its high valua-tion, the lacklustre performance and uncertainty over the smart-phone maker’s growth prospects provided early Xiaomi investors with enough reasons to exit.

Offl oading the shares still proved hugely profi table for some who took part in the early funding rounds.

The end of a lock-up period doesn’t always trigger a rush for the exit, particularly if a stock has performed well on the secondary market. China Tower — a state-run company that operates almost all

of China’s mobile-phone towers — is up 32% from its listing price. Haidilao is also holding above its debut level, thanks to a 6.9% jump in January.

Improving market sentiment in Hong Kong could also provide some comfort. A more dovish Fed-eral Reserve and stable Chinese currency has made the city’s stocks worth buying again in January, along with valuations that are still

well off their peaks from a year ago. Strategists who were bearish

on Hong Kong stocks last year, such as Jeff eries Hong Kong Ltd’s Sean Darby, have turned more optimistic.

“The worst-case scenario for the markets of a string of aggres-sive rate hikes by the Fed is off the table in the short term. Th e equity market is attractively priced versus local government bond yields,” Jeff eries strategists led by Darby wrote in a note this week, a sig-nifi cant shift from their negative stance in November.

Still, prospects for Meituan Di-anping may not be too bright, given the stock has lost more than 30% since a September debut.

“VC investors don’t get credit for holding onto a large position in a stock for years after listing,” said Lundy. “One can expect them to want to realise their profi ts.” — Bloomberg

ordered worldwide last year, ac-cording to the country’s Ministry of Trade, Industry and Energy.

Th e companies also account-ed for 87% of the very large crude carriers ordered globally.

Th ese helped increase their or-der backlog by 25% last year and will allow them to raise prices for vessels, Ka said on Jan 24.

Th e executive predicted that average prices for ships built by Hyundai Heavy and its rivals could climb 10% this year following a 10% increase in 2018.

Continued recoveryIn the three years through 2007, the world’s three biggest ship-builders won orders from Qatar to build over 40 LNG carriers.

Ka expects the global ship-building industry to continue on a gradual recovery over the next few years.

Orders could exceed 60 million gross tons (MGT), which measures the volume of space in a ship, ris-ing from a little more than 55 MGT estimated for last year.

Hyundai Heavy could report better earnings for 2019, helped by prices of steel plates that are expected to stagnate or rise mod-erately this year, Ka said.

Th e prices of the materials used to make the hull of ships rose over 30% last year, contributing to a nine-month net loss of 274.8 bil-lion won (RM1.01 billion) at the company, which is scheduled to report full-year results this week. — Bloomberg

Xiaomi Corp saw a wave of selling after its lock-up period —

when key investors are banned from selling stock — ended three

weeks ago.

Inside a LNG tanker under construction at the Hyundai Heavy shipyard. Photo by Bloomberg

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

WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY

PersonalASSISTANTBY 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

WATCH the Black Earth Rising series as it follows character Kate Ashby who was res-cued as a child from the Rwandan genocide an international lawyer who adopted her. The show is based in London and the lawyer who adopted her takes on a case involving an Afri-can militia leader — upending both their lives forever. Available for viewing at netfl ix.com

Zero-to-60 times are shorthand for what anybody buying a Porsche is supposed to care about. But with the all-electric Taycan due out later this year, Porsche executives are talking

up a less-exhilarating metric: getting to 60 miles of charge.

Stepping into the world of electric cars is making even the most hallowed perfor-mance brands rethink how they market their vehicles, and Porsche is no exception. At peak, the Taycan will be able to add more than 60 miles of charge in four minutes, thanks to an 800-volt battery that can absorb fast-charging rates of up to 350kW. Th at’s quicker than Tesla owners can achieve at the company’s 120kW supercharging stations, which can bring batteries to about an 80% charge in roughly 30 minutes.

“Getting into a car and doing 0-to-60mph in less than three seconds — can you really diff erentiate yourself if you do it in 2.8 sec-onds, and the other can do it in 2.7?,” said Klaus Zellmer, head of Porsche Cars North America. “Th ere are other factors that will gain importance, such as charging time.”

Th at may sound like blasphemy to some Porsche enthusiasts. But charging times will be a key selling point for automakers trying to coax consumers into overcoming their fear of being stranded with a dead battery. Porsche’s new four-door sedan is part of a pack of luxury electric vehi-cles (EVs), along with Audi’s E-Tron and Jaguar’s I-Pace, that are looking to capture some of Tesla Inc’s industry-defying mag-ic. Sales of EVs made up just 1.1% of new car sales in the US last year, according to researcher LMC Automotive, and Tesla accounted for most of that.

Th e Taycan can add

more than 60 miles

range in four minutes

with the 800-volt battery

BY G A B R I E L L E C O P P O L A

Charging infrastructure is a new perk for would-be buyers. Th rough a partnership with Electrify America, the charging-net-work company borne from Volkswagen AG’s diesel-emissions scandal, Taycan owners will get three years of free charging at sta-tions that’ll have a minimum of two 350kW chargers per site.

While Electrify America announced last Friday that it was shutting down its fast chargers to investigate a potential safety issue involving a supplier’s liquid-cooled cables, Porsche said in an emailed state-ment that it’s confi dent the issue will be resolved before the launch of the Taycan later this year. And in addition to the net-work of 300 highway fast-charging sta-tions that are going to be either installed or under construction by July 1, another 120 Porsche dealerships will offer fast charging by early 2020.

Building long-distance charging in-frastructure may not be entirely rational, since about 90% of EV charging happens at home. But that hasn’t stopped auto-makers from touting their charging off er-ings. Audi is giving away free 1,000kWh with Electrify America for anyone buy-ing a new E-Tron. General Motors Co’s Chevrolet Bolt EV comes with a card for ChargePoint stations, though the driver has to foot the bill.

Tesla is also moving toward a pay-for-use model after previously off ering 400kWh a year of free fast charging on its proprietary network. CEO Elon Musk has promised upgrades to its Supercharger network ear-ly this year.

Th is is a new role for automakers who have no real interest in today’s network of gas stations that provide fuel for millions of internal combustion cars. “Th ey really don’t care where you charge, but they do care that you feel comfortable that you know you can charge so you’ll buy the car,” said Brett Smith, director of propulsion technology and energy infrastructure at the non-profi t Center for Automotive Research. “For that to happen, the car companies have to get involved.”

Having long-distance charging is even less relevant for Porsche owners, Zellmer

said, since most will own multiple cars and could take another out of the garage if they’re worried about needing to plug in. Still, he said, Porsche has to do it to “com-fort” potential buyers.

Driven by regulatory mandates and a profound sense of existential anxiety over Tesla’s market capitalisation, automakers are pouring billions into the battery-pow-ered cars. Porsche will spend €6 billion (RM27.95 billion) by 2022 on electrifi cation and has said more than half its line-up will have a plug by 2025.

Porsche hasn’t disclosed pricing for the Taycan, but it’s clearly gunning for the Tesla Model S, which starts at US$94,000 (RM386,300). Teslas will no longer be eli-gible for federal tax credits after this year, whereas Porsche has a long way to go be-fore worrying about the cap of 200,000 EV sales that triggers a ratcheting down of the incentive. Th e company sold 57,202 vehi-cles in 2018.

As for old-fashioned specs, the Taycan is expected to have a total system output of more than 600 horsepower and will accel-erate to 62mph in faster than 3.5 seconds. It can go about 310 miles before it runs out of juice, a bit short of the 335-mile range for the base Model S.

Porsche is feeling confi dent, boosting global production capacity for the Taycan to 40,000 from an original 20,000 units. Th e company says it’s responding to strong demand.

Zellmer won’t say how many people in the US have coughed up the US$2,500 refundable deposit for the Taycan, but he happily mentions that two-thirds aren’t existing Porsche owners. Among those, he says Tesla is the most common brand.

Marc Cohen, who owns a Porsche deal-ership in Towson, Maryland, says he has 25 or 30 names on his waiting list. Th ey’re a mix of Porsche owners and general sports-car enthusiasts, rather than EV evangelists hoping to save the planet. “None of the ones I know are Tesla owners or actual EV kind of people,” he said. “Th ese people are luxury owners that understand that it’s the next wave of tech and what’s coming, so they’re just getting in line.” — Bloomberg

PORSCHE’S NEW ELECTRIC CAR

off ers a faster charge than Tesla

READ The Laws of Human Na-ture by Robert Greene. It is a master guide distilling an-cient wisdom and philoso-phy into es-sential texts for those who yearn to un-derstand what drives people and brilliant

tactics for success, self-improvement and self-defence. For RM65, get a copy at ma-laysia.kinokuniya.com.

TREAT yourself to Dyson’s Supersonic hairdryer in bright red. The technol-ogy on this particular hairdryer helps to prevent extreme heat damage to protect the hair’s natural shine. For RM1,699, this limited edition piece is available for purchase at sephora.my.

In the next decade, Porsche will spend more than €6 billion (RM27.95 billion) on electric and hybrid-electric vehicles like the Taycan

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

WEDNESDAY JANUARY 30, 2019 • THEED G E FINANCIAL DAILY

ENTERTAINMENT S TO R I E S BY C A R I N E L E E

Resorts World Genting breathes new life into its indoor entertainment space

Here come Pikachus and Eevee

RESORTS World Genting (RWG) has breathed a new life into its indoor entertainment space, creating the new Skytropolis Funland that had a soft launch in De-cember after closing for nearly one and a half years.

Previously known as the First World Indoor Th eme Park, Skytropolis Funland is spread across four fl oors with LED screens from the walls to the ceiling (over 50m in length) that light up the park.

Th irteen rides have been introduced, while nine more will follow suit. Covering 400,000 sq ft, the indoor theme park includes Asia’s fi rst Th e VOID, BigTop and the soon to open Imaginatrix that com-bines physical rides with virtual reality.

“We are always striving to excite and impress our guests with new experiences at the resort, and with Skytropolis Funland, we have succeeded in creating a carnival wonderland that can be enjoyed at any time of the year by children, adults and families alike,” said Brian Machamer, senior vice-president of Th eme Parks for RWG.

He added, “We have invested over RM300 mil-lion into revamping this new indoor theme park. We brought in 15 of the favourite rides from the previous outdoor theme park and revamped them with an entirely new look.

“Th ese rides remain as a big part of almost every visitor’s childhood and we are bringing them back, bigger and better than ever such as the Super Glider which was known as ‘Superman’.

“We are also introducing seven new cutting-edge rides for our visitors to experience for the very fi rst time including Power Surge, Disco!, Sky Tower, Spin Crazy, Bumper, Boo Boo Bump, Tea Cups and Balloon Race.

“When the full collection of rides are opened, we expect to have more than 7,000 paying customers enjoying the rides on a daily basis.”

Pump up the adrenaline with the Family in Cop-per Express as it “choo-choos” its way along a 61m track, giving you a visual tour of Skytropolis Funland. Space Cadets will then elevate and spin you around to explore the solar system. Coming back down with a regal spin on the Royal Carousel, or stay in the sky in the Balloon Race.

Coming soon are the magical mystery Tea Cups, the Charlot Cruise that loops around the park and

Soaring Ships which off ers an aerial view to enjoy with the family.

Up the ante in terms of adrenaline and go on the Th rill rides starting with super-sized version of bumper cars meant for guests who are kids at heart in Bumper Boss.

Soar into the sky with Sky Tower, and dance with Disco! which challenges one’s orientation, swirling them around a disco ball on a rollercoaster track, while Spin Crazy shows the world from very diff erent angles where up is down and right is left, looping 360 degrees in the air around a central axis.

Go on Power Surge which is an intense high-fl y-ing ride. Rides such as the pendulum swing Stormy Voyage, fast spinning turbulent ride Music Express and the Super Glider will be coming soon.

Skytropolis will also introduce the Resort’s High-land Heroes, its 2019 animal ambassadors, Joe the Orangutan, Tabby the Tiger, Allie the Elephant, Geno the Dinosaur, Bennie the Bear and Callie the Dragon will be the recognisable faces of Skytropolis Funland.

In the realm of Skytropolis, Th e VOID is not to be forgotten, as it is a highly anticipated hyperre-ality experience which now includes its other two titles Ghostbusters and their own original spooky experience: Nicodemus: Demon of Evanishment.

BigTop is an arcade area with a circus-theme. It is located at Level 2 and has a total of 150 machines of cutting edge games for arcade lovers. BigTop car-ries games such as Spacetime Squad Virtual Reality, PacMan Battle Royale, Jurassic Park, Star Wars Battle Pod and Storm Racer G for speed lovers.

Come July, visitors can run, race, research and reveal new worlds in the Imaginatrix. Th e latest in virtual reality (VR) gaming technology will be showcased with industry leading immersive VR experiences from Europe, Canada, UK, South Ko-rea and Taiwan.

Head for the Eagle Landing Zip Line if you are an adrenaline junkie, stretching 200m across the indoor theme park, four fl oors from the ground. Th e zip line, which is the longest in a shopping mall in Malaysia, off ers a one-of-a-kind view of the indoor theme park.

Th ere is also plenty of food and drinks at Skytrop-lis’ eight food and beverage kiosks.

POKÉMON The Movie: The Power of Us, the 21st Pokémon movie, will make its debut at Resorts World Genting (RWG) in February. Set in Fula City, the film features legendary Pokémon Lugia, mythical Pokémon Zeraora, Ash Ketchum and his sidekick Pikachu.

Centred on the annual Wind Festival in the city, the movie follows the adventures of several characters as they work together to save the festival from being derailed.

The movie premiered in Japan last year and is now in Malaysia for the first time at the Genting International Showroom from Feb 2 until Feb 24 at 8pm. Matinée shows are at 4.30pm from Feb 5 to Feb 17 and Feb 22 to Feb 24.

Pikachus and their friend Eevee at the exclusive debut of the Pokémon The Movie: The Power of Us at RWG last Friday.

Skytropolis Funland is spread across four fl oors with LED screens from the walls to the ceiling (over 50m in

length) that light up the park.

2 4 S P O RT S WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY

PARIS: Paris Saint-Germain (PSG) have completed the sign-ing of Argentina midfielder Leandro Paredes from Zenit Saint Petersburg on a four-and-a-half-year deal, the French champions announced yester-day. Th e 25-year-old put pen to paper on a contract until 2023 after completing a medical in Qatar. No transfer fee was dis-closed, although press reports have put the fee at €47 million (RM220.6 million).

“Leandro’s arrival will keep the momentum, both on the pitch and among our support-ers, ahead of the major events coming up. Exciting times lie ahead,” PSG’s Qatari president Nasser al-Khelaifi said in a club statement. “After my previous experiences in Italy and Russia, I now have this fantastic oppor-tunity, not only to discover a new league, but above all one to wear one the most prestig-ious club jerseys in the world,” said Paredes, who will team up with compatriot Angel di Maria at the Parc des Princes.

The Ligue 1 leaders were looking to strengthen in mid-fi eld ahead of their Champi-ons League last-16 tie against Manchester United, with Mar-co Verratti sidelined with an ankle injury and Adrien Rabi-ot frozen out after refusing to sign a new contract. PSG go to Old Traff ord for the fi rst leg of that tie on Feb 12, and they are currently sweating on the fi tness of Neymar, who suff ered a metatarsal injury last week.

Paredes, who has won nine caps but was not part of Argen-tina’s squad at last year’s World Cup, has previously played for Boca Juniors and Roma. — AFP

PSG complete signing of Argentina’s Paredes

Golf’s best face tough questions before Saudi debutTh is week’s US$3.5m event has split opinion in the sport’s world

BY H A R D I K V YA S

Hewitt fl ays ‘ridiculous’ changes to Davis Cup formatBENGALURU: Australia’s Da-vis Cup captain Lleyton Hewitt has criticised Barcelona foot-ball player Gerard Pique and his Spanish investment group Kosmos for making sweeping changes to the 119-year-old ten-nis competition. Th e Davis Cup will be revamped to create a ten-nis World Cup after the Interna-tional Tennis Federation signed a 25-year US$3 billion (RM12.33 billion) deal with Kosmos where the home-away system will be replaced by an 18-team tour-nament played over a week in Madrid. — Reuters

Korean ‘Monster’ Kim signs for Beijing despite Watford bidSHANGHAI: South Korean de-fender Kim “Monster” Min-jae yesterday snubbed interest from the Premier League and the ad-vice of his teammates to sign for Beijing Guoan in China. The 22-year-old centre back, whose club Jeonbuk Motors said it had received a bid from Watford reported to be about US$8 mil-lion (RM32.88 million), instead plumped for the Chinese Super League. — AFP

‘Robben mulling Tokyo move after Bayern exit’TOKYO: Superstar Dutch wing-er Arjen Robben is lining up a move to J-League outfi t FC Tokyo after he leaves Bundesli-ga giants Bayern Munich, local media reported yesterday. Th e 35-year-old has already con-fi rmed that he is leaving Bayern at the end of the season after a glittering career that saw him win seven Bundesliga titles and nearly 100 caps for the Nether-lands. — AFP

I N BR I E F

BENGALURU: Four of the world’s fi ve best golfers will compete in the Euro-pean Tour’s new desert destination event in Saudi Arabia, which starts tomorrow, but the tournament has already thrown up uncomfortable questions for the sport.

European Tour chief executive Keith Pelley announced a three-year partnership with the kingdom in 2018 aimed at expanding the boundaries of golf in the Middle East.

But the US$3.5 million (RM14.39 million) event, which will be staged in King Abdullah Economic City, has split opinion in the golfi ng world. Th e Saudi regime is under intense inter-national criticism after the murder of journalist Jamal Khashoggi last October.

Th e kingdom has also been try-ing to shake off its ultra-conserva-tive image, but the reform push has been accompanied by a crackdown on dissent, including the arrests of women’s rights activists, clerics and

intellectuals.English golfer Paul Casey con-

fi rmed last week that he would skip the event because of Saudi Arabia’s “human rights violations”.

Tiger Woods, a 14-time major win-ner and one of the sport’s biggest names, also turned down the big-gest potential overseas pay cheque of his career to skip the tournament, according to media reports.

Casey went public about his de-cision to skip the event last week.

“As I continue to face questions

about my participation, I feel it is im-portant to clarify I will not be playing in next week’s Saudi International event,” he said on Instagram.

“Contrary to reports, I had also never signed a contract to play. I hope this addresses any confusion.”

World No 1 Justin Rose and Amer-ican trio Brooks Koepka, Dustin John-son and Bryson DeChambeau, how-ever, will appear at the event. Th ey are set to collect huge appearance fees for teeing off at the Royal Greens Golf and Country Club. — Reuters

LONDON: Andy Murray has un-dergone hip resurfacing surgery in London, the British tennis great told his Instagram followers yesterday.

Th e two-time Wimbledon cham-pion had been weighing up the pros and cons of the operation, which involves putting a metal plate into the joint, in one last bid to prolong a career plagued by injury.

Th e 31-year-old double Olympic gold medallist had previously said ahead of this month’s Australian Open earlier that he intended to retire following the 2019 edition of Wimbledon.

“I underwent a hip resurfac-ing surgery in London yesterday (Monday) morning ... [I am] feel-ing a bit battered and bruised just now, but hopefully that will be the end of my hip pain,” Murray said on Instagram.

There are no guarantees that the operation will allow Murray to play top-fl ight tennis again, but it should enable him to live a pain-free life off the court.

At the Australian Open, Murray showed that his competitive spirit and talent were undimmed in a fi ve-set defeat by Roberto Bautista-Agut.

Th at match led Murray to say he would do all he could to prolong his career, but Monday’s operation may mean he is not fi t in time for Wimbledon, where he had thought of making his farewell to tennis.

Monday’s operation was the sec-ond time Murray has undergone surgery in the past 12 months after a fi rst operation failed to ease the pain in his hip.

Ahead of this latest bout of sur-gery, Murray spoke to US doubles specialist Bob Bryan, who has just returned to the game following the same procedure last year. — AFP

Murray has undergonehip resurfacing surgery

AL-AIN (United Arab Emirates): Ja-pan captain Maya Yoshida sounded the battle cry after the Blue Samu-rai tore Iran to shreds to reach the Asian Cup fi nal. After celebrating Monday’s 3-0 victory over the tour-nament favourites in Al-Ain, Yoshida called for the Japanese to complete the job against either Qatar or host the United Arab Emirates as they chase a record-extending fi fth title.

“We can’t be satisfi ed with beating Iran,” said the Southampton defend-er after a tempestuous semi-fi nal, eff ectively decided by Yuya Osako’s controversial second-half double.

“We still have another game that we must win. If we lose that, all the hard work will have been for noth-ing, so we need to fi nish it. We talked about going to war before we came out here,” added Yoshida, who need-ed to be restrained by his teammates in a late fl ashpoint after reacting furi-ously to Iran striker Sardar Azmoun.

“We have come together as a strong unit and we need to keep fi ghting as a team.”

Yoshida admitted he had calmed down just in time to avoid seeing red.

“If I had got myself sent off and

Yoshida calls for Japan to fi nish job at Asian Cup

Sources: www.the-afc.com, asiancup

Asian Cup 2019: knockout stage

United Arab Emirates

U.A.E.

U.A.E.

Qatar

Qatar

Australia

China

0

0

3

3

0

1

1

01

January 24

Quarter-finals Semi-final Semi-finalFINAL Quarter-finals

January 24

January 25

January 25

January 29January 28

February 1st

South Korea

Iran

Iran

Vietnam

Japan

Japan

Japan

missed the fi nal, it would have been terrible,” he said.

“What is important is to enjoy the ride, and hopefully, we can keep im-proving. We want to make sure we win the fi nal and be Asian champi-

ons again.”Osako headed an opener from

Takumi Minamino’s cross in Mon-day’s semi-fi nal with fi ve Iran players busy gesticulating to the referee for him to book Minamino for a dive.

Th e Werder Bremen striker smashed home his second from the penalty spot after the ball struck the unfor-tunate Morteza Pouraliganji’s arm as he slid in to tackle, knocking the stuffi ng out of Iran’s players. — AFP

2 5

WEDNESDAY JANUARY 30, 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 1,690.41 -7.09 -0.42FBM ACE 4,361.37 -31.72 -0.72FBM TOP 100 11,591.06 -49.04 -0.42FBM EMAS 11,702.70 -51.54 -0.44FBM MID 70 13,866.80 -60.20 -0.43FBM MIDS CAP 12,607.66 -84.54 -0.67FBM SMALL CAP 12,059.11 -97.79 -0.80FBM FLEDGLING 14,678.63 -11.28 -0.08FTSE4GOOD BURSA M’SIA 946.23 -4.71 -0.50FBM PALM OIL PLANTATION MYR 12,884.63 -79.77 -0.62FBM EMAS SHARIAH 11,591.71 -92.77 -0.79FBM HIJRAH SHARIAH 13,196.25 -121.31 -0.91FBM MIDS CAP SHARIAH 12,062.78 -120.75 -0.99

INDICES CLOSE +/- %CHGCONSTRUCTION 172.06 -1.94 -1.11CONSUMER PRODUCTS & SERVICES 675.91 -1.17 -0.17ENERGY 870.32 -6.15 -0.70FINANCIAL SERVICES 17,621.82 3.39 0.02HEALTH CARE 1,259.96 3.08 0.25INDUSTRIAL PRODUCTS & SERVICES 161.52 -1.53 -0.94PLANTATION 7,263.81 -49.08 -0.67PROPERTY 924.66 -6.76 -0.73REAL ESTATE INVESTMENT TRUSTS 965.53 -6.41 -0.66TECHNOLOGY 30.09 -0.39 -1.28TELECOMMUNICATION & MEDIA 650.50 -3.44 -0.53TRANSPORTATION & LOGISTICS 748.36 -3.10 -0.41UTILITIES 976.28 1.63 0.17

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS & SERVICES 1.132 0.700 0.810 0.805 0012 3A 0.810 UNCH 41.2 0.807 12.07 2.47 398.5 0.450 0.205 0.315 0.290 5238 AAX 0.315 0.025 41545.6 0.304 — — 1,306.7 0.490 0.300 0.420 0.405 7120 ACOSTEC 0.410 -0.010 828.5 0.417 — — 79.8 2.606 1.390 1.490 1.460 6599 AEON 1.470 -0.010 1194.1 1.480 20.76 2.72 2,063.9 0.255 0.115 0.140 0.135 7315 AHB 0.135 -0.005 55.1 0.136 — — 23.8 8.870 4.799 — — 7090 AHEALTH 8.300 — — — 17.82 1.57 975.9 3.974 1.997 3.160 3.080 5099 AIRASIA 3.130 0.040 19211.1 3.127 3.74 7.67 10,460.4 24.942 17.740 19.000 18.700 2658 AJI 18.700 -0.400 17.4 18.76 19.41 2.49 1,136.9 0.360 0.140 — — 7051 AMTEK 0.275 — — — — — 13.7 8.344 5.600 5.820 5.800 6351 AMWAY 5.800 -0.010 8.2 5.806 20.71 3.45 953.4 0.035 0.005 0.015 0.015 5194 APFT 0.015 UNCH 4 0.015 — — 20.1 4.339 3.550 3.860 3.790 6432 APOLLO 3.860 UNCH 7.7 3.846 24.29 5.18 308.8 0.240 0.105 0.120 0.115 1481 ASB 0.120 UNCH 115 0.120 — 2.08 111.5 0.743 0.325 0.365 0.360 7722 ASIABRN 0.360 -0.005 30 0.363 — — 83.8 2.815 2.353 2.600 2.550 7129 ASIAFLE 2.590 -0.060 16.5 2.560 9.38 5.79 504.4 4.596 4.009 4.590 4.420 7048 ATLAN 4.480 -0.070 3.1 4.492 18.79 4.46 1,136.4 0.425 0.200 — — 8885 AVI 0.240 — — — — — 206.1 38.680 21.708 38.580 37.820 4162 BAT 38.000 -0.560 749.1 38.01 25.04 3.97 10,850.1 2.336 1.766 2.230 2.190 5248 BAUTO 2.210 UNCH 2202.7 2.207 11.56 4.91 2,570.2 0.070 0.030 0.055 0.050 7243 BIOOSMO 0.050 UNCH 3045.6 0.050 — — 39.8 1.802 1.280 1.330 1.310 5196 BJFOOD 1.330 -0.010 71.7 1.323 147.78 3.01 507.9 0.365 0.180 0.255 0.245 4219 BJLAND 0.255 0.005 1340.4 0.250 — — 1,275.1 2.487 1.918 2.220 2.190 1562 BJTOTO 2.210 0.010 1264.6 2.209 12.36 7.24 2,985.8 0.396 0.205 0.255 0.250 9288 BONIA 0.255 UNCH 55.4 0.252 14.66 4.90 205.6 0.505 0.160 0.230 0.210 9474 BRAHIMS 0.210 UNCH 60.7 0.214 — — 49.6 1.020 0.495 0.530 0.520 7174 CAB 0.520 UNCH 294.3 0.523 10.99 0.96 336.2 1.279 0.609 0.980 0.950 7154 CAELY 0.980 0.005 26.2 0.978 42.42 1.02 79.6 0.380 0.220 0.235 0.235 7128 CAMRES 0.235 -0.005 10 0.235 17.03 — 46.2 1.752 1.403 1.670 1.670 5245 CARING 1.670 -0.030 1 1.670 17.41 2.99 363.6 20.480 14.819 20.400 20.020 2836 CARLSBG 20.340 0.180 165.7 20.21 23.95 4.16 6,218.9 2.180 1.440 1.600 1.560 2925 CCB 1.590 UNCH 35.8 1.589 196.30 — 160.2 1.010 0.365 0.460 0.450 7035 CCK 0.450 -0.005 2116.8 0.454 8.72 3.33 283.8 1.463 0.925 1.000 0.955 7148 CCMDBIO 0.955 UNCH 570.8 0.962 13.76 4.26 632.1 0.495 0.300 — — 7209 CHEETAH 0.310 — — — 86.11 1.29 39.6 2.078 1.500 — — 2828 CIHLDG 1.660 — — — 10.53 6.02 268.9 0.125 0.060 0.065 0.065 5104 CNI 0.065 UNCH 26.3 0.065 216.67 — 46.8 0.135 0.035 0.040 0.035 5188 CNOUHUA 0.035 UNCH 510 0.035 — — 23.4 2.541 1.830 2.000 2.000 7205 COCOLND 2.000 UNCH 15.3 2.000 14.59 3.00 457.6 0.085 0.005 0.040 0.035 0301 CRG 0.040 0.005 721.7 0.040 8.51 — 32.2 1.553 1.050 1.060 1.060 7202 CSCENIC 1.060 UNCH 24.3 1.060 16.83 6.60 127.7 0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.540 0.415 — — 9423 CWG 0.415 — — — 8.33 3.61 52.4 0.040 0.025 0.030 0.025 7179 DBE 0.030 UNCH 81 0.028 — — 80.3 1.090 0.897 — — 7119 DEGEM 1.050 — — — 13.04 0.95 140.7 4.309 2.140 2.540 2.480 5908 DKSH 2.500 -0.020 433.8 2.502 7.92 4.00 394.1 74.652 55.645 62.200 61.240 3026 DLADY 62.200 0.300 6.2 62.01 33.12 1.61 3,980.8 2.681 1.600 1.680 1.650 1619 DRBHCOM 1.670 UNCH 1120 1.664 — 1.80 3,228.5 0.275 0.095 0.100 0.100 2097 EASTLND 0.100 -0.005 217.4 0.100 — — 24.6 0.655 0.509 0.610 0.600 5081 EIG 0.600 0.020 92.8 0.601 25.10 5.00 142.3 0.100 0.050 — — 7182 EKA 0.060 — — — — — 18.7 0.240 0.150 — — 9091 EMICO 0.180 — — — — — 17.3 1.415 0.935 — — 7149 ENGKAH 1.070 — — — 9.74 2.80 75.7 0.365 0.125 0.145 0.145 7208 EURO 0.145 UNCH 66 0.145 — — 38.8 0.750 0.450 — — 7094 EUROSP 0.455 — — — — — 20.2 39.629 28.332 34.400 34.040 3689 F&N 34.200 -0.160 499.2 34.20 32.53 1.68 12,543.8 0.950 0.730 0.740 0.730 2755 FCW 0.730 -0.010 10 0.737 187.18 — 182.5 0.570 0.430 0.495 0.485 6939 FIAMMA 0.485 -0.010 107 0.494 7.53 4.64 257.1 0.516 0.280 0.330 0.330 8605 FIHB 0.330 UNCH 1 0.330 7.13 2.36 36.0 1.910 1.150 1.810 1.780 9172 FPI 1.800 0.010 255.3 1.795 11.40 4.44 445.2 0.950 0.600 — — 7184 G3 0.720 — — — — — 297.0 3.240 1.308 3.240 3.130 5102 GCB 3.220 0.080 2063.7 3.196 9.68 0.93 1,546.1 0.580 0.400 — — 5592 GCE 0.480 — — — — 4.17 94.6 5.393 2.760 3.220 3.160 4715 GENM 3.210 0.040 14892.7 3.195 — 3.43 19,061.1 9.452 5.910 6.930 6.810 3182 GENTING 6.890 0.080 8073.3 6.879 28.95 2.10 26,711.8 0.245 0.100 — — 5079 GETS 0.125 — — — — — 15.8 0.230 0.105 0.115 0.115 0136 GREENYB 0.115 UNCH 19.9 0.115 41.07 2.61 38.4 5.192 2.480 2.800 2.770 7668 HAIO 2.780 0.010 71.6 2.791 14.03 6.47 834.8 3.888 3.400 — — 5008 HARISON 3.650 — — — 10.13 5.48 250.0 0.370 0.050 0.060 0.060 5187 HBGLOB 0.060 -0.005 190 0.060 2.05 — 28.1 23.548 17.420 21.000 20.460 3255 HEIM 20.840 0.140 126.7 20.89 22.80 4.32 6,295.7 12.115 8.420 9.480 9.200 3301 HLIND 9.380 -0.040 79.1 9.348 9.05 3.94 3,075.7 0.811 0.592 0.645 0.635 5160 HOMERIZ 0.640 UNCH 95.3 0.641 9.77 3.91 192.0 0.385 0.300 — — 7213 HOVID 0.380 — — — 33.33 — 313.9 1.154 0.940 1.000 0.990 5024 HUPSENG 0.990 -0.010 23.1 0.995 17.74 6.06 792.0 0.420 0.280 — — 8478 HWATAI 0.350 — — — — — 26.2 2.070 1.089 1.230 1.210 5107 IQGROUP 1.210 -0.010 20 1.223 — 8.26 106.5 0.070 0.030 0.040 0.035 7223 JADI 0.035 UNCH 10.1 0.035 — — 33.0 1.229 0.709 0.825 0.820 7152 JAYCORP 0.825 UNCH 0.9 0.824 10.36 6.06 113.2 0.487 0.330 — — 8931 JERASIA 0.360 — — — 3.84 2.78 29.5 1.297 0.823 1.240 1.200 7167 JOHOTIN 1.240 0.010 701.1 1.220 16.02 3.23 385.0 0.400 0.280 — — 8672 KAMDAR 0.290 — — — — — 57.4 1.209 0.405 0.420 0.405 5247 KAREX 0.410 UNCH 4256 0.412 51.25 1.22 411.0 2.857 1.770 1.810 1.770 7216 KAWAN 1.770 -0.050 130.2 1.792 27.61 2.21 636.3 0.180 0.080 — — 8303 KFM 0.170 — — — — — 11.6 0.720 0.540 — — 6203 KHEESAN 0.600 — — — 13.36 2.50 62.4 2.010 1.400 — — 7062 KHIND 1.700 — — — 29.31 0.59 68.1 1.868 1.573 — — 0002 KOTRA 1.680 — — — 11.69 2.98 241.5 0.780 0.330 — — 7130 KPOWER 0.450 — — — — — 34.3 0.145 0.080 0.085 0.085 5172 KSTAR 0.085 UNCH 42.5 0.085 — — 32.4 0.160 0.050 0.065 0.060 4847 KTB 0.065 -0.005 36.3 0.060 — — 26.2 0.890 0.450 0.460 0.450 1643 LANDMRK 0.460 UNCH 101 0.451 — — 243.3 4.096 2.953 — — 7006 LATITUD 3.860 — — — 38.22 1.55 375.2 0.985 0.325 0.420 0.400 9385 LAYHONG 0.400 -0.015 4802.6 0.408 20.83 1.25 264.1 1.090 0.390 0.995 0.930 8079 LEESK 0.975 0.040 2642.1 0.961 15.75 1.54 163.6 3.265 2.135 2.810 2.770 7089 LIIHEN 2.770 -0.030 51.4 2.775 10.05 4.51 498.6 0.575 0.366 0.575 0.555 7126 LONBISC 0.570 0.005 5772.4 0.565 9.74 — 146.2 1.260 0.780 1.260 1.140 7085 LTKM 1.260 0.120 384.2 1.219 20.36 1.59 163.9 5.340 3.833 4.370 4.260 7087 MAGNI 4.350 -0.020 73.8 4.322 7.33 3.22 707.9 2.257 1.652 2.040 2.020 3859 MAGNUM 2.040 0.010 979.8 2.033 34.11 5.39 2,933.0 0.145 0.115 0.120 0.120 3514 MARCO 0.120 UNCH 173 0.120 9.76 4.17 126.5 0.050 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 1.041 0.800 — — 5886 MBG 0.800 — — — 65.57 3.75 48.6 2.644 1.860 2.600 2.550 5983 MBMR 2.550 -0.040 124.5 2.575 — 2.35 996.8 0.425 0.185 0.255 0.235 7234 MESB 0.255 0.015 51 0.235 — — 20.9 0.230 0.185 — — 0301 MFGROUP 0.230 — — — 27.06 — 73.6 1.822 0.452 0.510 0.480 3662 MFLOUR 0.505 0.020 10469.7 0.495 56.11 10.42 389.1 0.860 0.600 — — 7935 MILUX 0.720 — — — — — 39.2 0.245 0.040 0.045 0.045 5166 MINDA 0.045 UNCH 161.4 0.045 — — 55.8 4.300 2.100 — — 5202 MSM 2.250 — — — 26.75 — 1,581.7 0.040 0.010 — — 5150 MSPORTS 0.015 — — — — — 9.1 0.230 0.145 0.185 0.180 3891 MUIIND 0.185 UNCH 501 0.185 — — 542.5 2.297 1.620 1.770 1.700 3905 MULPHA 1.770 UNCH 39.8 1.723 2.02 — 565.7 1.788 1.252 1.420 1.360 5275 MYNEWS 1.420 0.060 240.3 1.360 36.60 0.70 968.7 159.79 108.91 149.50 147.40 4707 NESTLE 148.500 -0.500 122.1 148.46 52.09 1.85 34,823.3 3.254 2.500 — — 7060 NHFATT 2.770 — — — 13.73 3.71 229.0 0.060 0.035 0.045 0.040 7139 NICE 0.045 UNCH 4154.3 0.045 9.18 — 31.6 0.320 0.150 0.300 0.290 7215 NIHSIN 0.295 UNCH 1151.8 0.296 17.77 — 94.8 0.630 0.472 0.500 0.495 5066 NTPM 0.495 UNCH 130.6 0.497 25.92 4.85 556.0 0.655 0.350 — — 5533 OCB 0.370 — — — — — 38.1 0.611 0.381 0.475 0.460 0049 OCNCASH 0.475 0.015 93.5 0.465 13.97 1.92 116.5 1.115 0.635 0.680 0.670 7107 OFI 0.680 0.005 120 0.674 17.35 3.68 163.2 0.135 0.090 0.105 0.100 3018 OLYMPIA 0.105 UNCH 959.1 0.105 6.29 — 107.5 6.560 5.742 6.430 6.420 4006 ORIENT 6.420 -0.050 6.5 6.425 7.87 3.12 3,982.9 1.353 0.460 0.535 0.515 5260 OWG 0.535 0.010 145.4 0.527 25.85 — 148.2 6.119 3.150 3.800 3.750 7052 PADINI 3.790 -0.010 1662.7 3.780 15.11 2.64 2,493.5 39.301 30.953 38.100 38.100 3719 PANAMY 38.100 UNCH 2 38.10 18.28 3.88 2,314.4 0.422 0.310 — — 5022 PAOS 0.325 — — — 72.22 2.46 58.9 0.420 0.230 — — 9407 PARAGON 0.280 — — — — — 19.6 0.650 0.235 0.260 0.260 5657 PARKSON 0.260 -0.005 78.7 0.260 — — 284.4 0.337 0.185 — — 6068 PCCS 0.215 — — — 5.00 4.65 45.2 0.880 0.290 — — 5231 PELIKAN 0.355 — — — 36.98 — 196.4 0.640 0.350 0.445 0.400 9997 PENSONI 0.420 0.005 39.9 0.419 — 4.76 54.5 0.450 0.195 0.375 0.355 7080 PERMAJU 0.365 0.010 17243.5 0.362 — — 71.5 28.181 22.720 26.460 26.200 5681 PETDAG 26.240 -0.100 377.4 26.24 24.11 3.51 26,068.2 0.180 0.140 0.150 0.150 4081 PMCORP 0.150 UNCH 425.9 0.150 55.56 — 116.0 0.210 0.075 0.080 0.075 1287 PMHLDG 0.075 -0.005 586 0.079 — — 69.7 0.629 0.440 0.490 0.480 5080 POHKONG 0.490 0.005 63.4 0.484 9.50 2.04 201.1 1.590 1.093 1.530 1.500 7088 POHUAT 1.530 0.010 262.3 1.510 7.13 4.58 356.8 18.900 16.860 18.280 17.860 4065 PPB 18.100 -0.140 579 18.08 20.94 1.45 25,749.0 0.528 0.330 0.430 0.365 7190 PPG 0.370 UNCH 23.3 0.428 75.51 1.35 37.0 0.945 0.700 0.750 0.750 7168 PRG 0.750 UNCH 2 0.750 — — 233.5 0.842 0.495 0.560 0.555 8966 PRLEXUS 0.560 0.005 40 0.558 14.25 2.68 101.0

0.315 0.220 0.230 0.225 0186 PTRANS 0.225 -0.005 1852.8 0.229 8.21 4.22 320.1 1.010 0.686 0.745 0.740 7134 PWF 0.740 UNCH 20.7 0.744 10.79 4.05 128.7 1.653 0.920 1.400 1.350 7237 PWROOT 1.380 -0.020 29.6 1.387 42.20 4.28 555.2 7.630 4.244 6.850 6.810 7084 QL 6.840 -0.010 1046.7 6.837 53.19 0.66 11,097.5 0.585 0.340 0.415 0.415 9946 REX 0.415 0.015 1 0.415 — — 102.3 0.265 0.180 0.225 0.220 0037 RGB 0.220 -0.005 1436.1 0.220 10.23 2.77 338.6 0.868 0.669 0.720 0.720 5278 RHONEMA 0.720 UNCH 10 0.720 11.58 4.54 131.5 1.064 0.350 0.405 0.395 0183 SALUTE 0.395 UNCH 422.9 0.396 21.12 6.08 153.3 0.445 0.115 0.365 0.340 9113 SANBUMI 0.340 -0.025 2044.9 0.354 — — 84.7 0.600 0.200 0.215 0.205 5252 SASBADI 0.210 UNCH 2462.1 0.211 43.75 3.19 88.0 0.500 0.280 0.290 0.290 5157 SAUDEE 0.290 UNCH 36.8 0.290 — — 38.4 0.675 0.577 0.645 0.635 9792 SEG 0.645 0.010 25 0.641 17.97 4.26 815.6 1.570 1.250 1.430 1.410 5250 SEM 1.420 UNCH 175.8 1.418 29.34 1.90 1,751.4 0.700 0.480 0.570 0.550 7180 SERNKOU 0.570 0.020 15 0.559 15.20 — 136.8 6.336 4.581 5.690 5.680 5517 SHANG 5.690 UNCH 716 5.687 30.94 2.64 2,503.6 1.200 0.470 — — 7412 SHH 0.520 — — — — 9.62 26.0 0.649 0.315 0.360 0.355 7246 SIGN 0.360 UNCH 11.3 0.356 13.48 4.17 86.5 2.969 2.040 2.300 2.180 4197 SIME 2.210 -0.090 8456.6 2.226 26.15 2.71 15,029.9 0.640 0.200 0.280 0.280 8532 SINOTOP 0.280 -0.010 25 0.280 28.00 — 110.6 0.418 0.105 0.200 0.160 9776 SMCAP 0.195 0.025 22979.9 0.189 1.20 — 41.7 0.320 0.225 — — 7943 SNC 0.270 — — — — — 17.8 0.370 0.290 0.310 0.295 5242 SOLID 0.310 UNCH 26.3 0.301 52.54 0.65 121.5 2.460 2.000 2.120 2.120 7103 SPRITZER 2.120 UNCH 1 2.120 15.43 2.59 445.2 2.830 1.920 2.680 2.660 9865 SUIWAH 2.660 -0.020 186.9 2.668 13.86 0.38 162.3 0.650 0.582 — — 0301 SUPREME 0.650 — — — 19.23 — 78.0 1.051 0.590 0.655 0.635 7186 SWSCAP 0.655 -0.005 13 0.640 — — 119.4 0.347 0.197 0.220 0.215 7082 SYF 0.215 -0.005 25 0.217 — 5.81 133.1 0.420 0.280 0.290 0.290 7211 TAFI 0.290 UNCH 35 0.290 — — 23.2 1.877 1.330 1.410 1.400 4405 TCHONG 1.400 -0.010 46.8 1.403 21.60 2.14 940.8 1.350 0.695 — — 7439 TECGUAN 0.820 — — — — — 32.9 0.416 0.220 — — 7200 TEKSENG 0.255 — — — — 7.84 88.8 1.070 0.735 1.050 1.020 7252 TEOSENG 1.030 -0.010 709.9 1.033 11.94 — 309.0 1.123 0.837 1.050 1.050 9369 TGL 1.050 0.050 1 1.050 7.14 4.76 42.8 0.768 0.475 0.530 0.515 7230 TOMEI 0.530 UNCH 57.6 0.528 15.59 1.89 73.5 0.420 0.300 — — 7176 TPC 0.310 — — — — — 72.5 6.926 4.200 5.960 5.850 4588 UMW 5.900 -0.090 3446 5.924 13.37 0.85 6,892.9 2.478 2.080 2.130 2.130 7757 UPA 2.130 UNCH 10 2.130 16.85 3.76 169.5 1.130 0.750 0.905 0.880 7240 VERTICE 0.900 -0.015 287 0.886 — — 168.2 1.781 0.995 — — 7203 WANGZNG 1.270 — — — 19.84 3.15 203.2 2.339 1.961 — — 5016 WARISAN 2.190 — — — 22.01 1.83 147.2 0.210 0.095 0.105 0.100 5156 XDL 0.105 0.005 7419.7 0.103 13.46 — 189.5 0.615 0.400 0.460 0.445 7121 XIANLNG 0.460 0.010 80 0.448 1533.3 — 36.8 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7 2.307 1.800 — — 5584 YEELEE 1.880 — — — 8.86 2.39 360.2 1.284 0.950 1.050 1.050 5159 YOCB 1.050 0.030 103 1.050 6.31 3.81 168.0 3.390 2.267 — — 7178 YSPSAH 2.710 — — — 13.00 2.58 374.9 1.684 1.200 1.380 1.350 5131 ZHULIAN 1.380 0.010 33.2 1.362 12.13 5.80 634.8INDUSTRIAL PRODUCTS & SERVICES 0.135 0.070 0.075 0.075 7086 ABLEGRP 0.075 0.005 30 0.075 — — 19.8 0.625 0.350 — — 7191 ADVENTA 0.350 — — — 33.98 — 53.5 2.068 1.744 1.920 1.920 9148 ADVPKG 1.920 UNCH 0.5 1.920 28.92 4.69 39.4 0.185 0.110 0.120 0.115 7146 AEM 0.115 UNCH 80 0.118 — — 34.4 0.740 0.370 — — 5198 AFUJIYA 0.520 — — — 16.56 — 93.6 0.395 0.200 0.275 0.270 2682 AISB 0.275 0.005 34.2 0.274 33.13 — 39.7 0.640 0.491 0.535 0.525 7609 AJIYA 0.535 0.005 124.1 0.531 6.53 1.87 163.0 0.920 0.420 — — 2674 ALCOM 0.510 — — — 22.37 — 68.5 1.414 1.006 1.230 1.180 7083 ANALABS 1.230 0.050 27 1.198 14.06 0.41 147.7 0.682 0.366 0.450 0.435 4758 ANCOM 0.440 0.005 73.1 0.445 4.44 — 106.0 3.556 1.150 1.360 1.300 6556 ANNJOO 1.320 -0.060 907.1 1.320 4.00 14.39 739.1 0.090 0.035 — — 9342 ANZO 0.040 — — — — — 35.2 0.917 0.800 — — 5568 APB 0.800 — — — — 3.75 90.3 3.695 2.680 2.760 2.760 5015 APM 2.760 0.010 5.3 2.760 15.78 4.89 556.4 0.630 0.469 0.550 0.525 7214 ARANK 0.530 0.005 21.8 0.538 6.68 4.38 89.8 1.159 0.590 0.655 0.650 7162 ASTINO 0.655 -0.010 78 0.650 7.93 1.53 179.5 1.950 1.340 1.740 1.730 8176 ATAIMS 1.730 UNCH 0.3 1.733 20.50 — 1,984.3 1.025 0.545 — — 7099 ATTA 0.620 — — — 2.39 12.90 132.3 0.600 0.074 0.405 0.340 7181 ATURMJU 0.360 UNCH 89 0.373 — — 24.2 0.924 0.596 0.700 0.680 7579 AWC 0.695 0.010 1090.1 0.691 8.27 0.72 200.0 0.425 0.313 0.350 0.345 5021 AYS 0.350 UNCH 69.4 0.346 5.44 7.14 133.1 2.028 1.182 1.310 1.290 8133 BHIC 1.310 0.010 8.2 1.291 — 2.67 325.5 0.400 0.260 0.280 0.280 7005 BIG 0.280 -0.005 0.5 0.280 — — 13.5 0.195 0.115 0.135 0.130 6998 BINTAI 0.135 0.005 159 0.130 10.38 — 39.1 0.395 0.260 0.285 0.275 3395 BJCORP 0.285 0.010 8490.4 0.282 — — 1,403.2 0.788 0.500 0.510 0.510 0168 BOILERM 0.510 -0.010 95 0.510 12.20 3.43 263.2 0.090 0.040 0.045 0.040 7036 BORNOIL 0.040 UNCH 5286.5 0.042 — — 213.6 1.310 0.865 — — 6297 BOXPAK 1.000 — — — — — 120.0 1.149 0.818 — — 5100 BPPLAS 1.040 — — — 10.83 3.85 195.2 0.285 0.140 0.165 0.160 9938 BRIGHT 0.165 0.005 106 0.161 — — 33.9 0.680 0.260 0.410 0.305 7221 BSLCORP 0.355 0.055 372.4 0.357 — — 34.8 2.800 1.340 1.530 1.490 2771 BSTEAD 1.500 -0.030 88 1.510 42.25 5.00 3,040.5 0.300 0.070 — — 7188 BTM 0.115 — — — — — 16.3 2.880 1.830 2.690 2.620 5105 CANONE 2.620 UNCH 55.4 2.627 9.83 1.53 503.4 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6 1.752 0.960 1.170 1.120 7076 CBIP 1.130 -0.040 185.2 1.137 12.87 4.42 608.2 2.355 1.515 — — 2879 CCM 1.890 — — — 32.03 3.70 316.9 0.875 0.695 — — 8435 CEPCO 0.695 — — — — — 51.9 1.360 0.900 — — 8044 CFM 1.200 — — — — — 49.2 0.490 0.330 — — 7187 CHGP 0.345 — — — 17.42 — 102.5 1.149 0.630 0.700 0.700 5273 CHINHIN 0.700 -0.020 20 0.700 16.67 5.00 389.5 2.000 1.446 1.700 1.690 5007 CHINWEL 1.700 0.010 144 1.699 8.40 4.71 509.2 2.183 1.410 — — 5797 CHOOBEE 1.570 — — — 4.70 3.18 206.8 0.493 0.230 0.350 0.330 7016 CHUAN 0.350 0.010 20 0.333 — 3.14 59.0 0.880 0.430 0.430 0.430 8052 CICB 0.430 -0.080 1.8 0.430 24.43 2.26 38.7 0.060 0.035 — — 7018 CME 0.040 — — — — — 23.4 4.334 1.740 3.120 3.040 2852 CMSB 3.050 0.050 2484.8 3.064 12.01 2.62 3,276.8 0.900 0.400 0.455 0.430 7986 CNASIA 0.430 0.025 21.5 0.439 12.15 — 19.5 1.350 0.735 — — 5071 COASTAL 0.845 — — — — 2.37 449.2 0.327 0.080 0.135 0.120 7195 COMCORP 0.125 -0.010 41 0.122 — — 17.5 1.149 0.684 0.875 0.840 2127 COMFORT 0.855 -0.020 290.2 0.852 20.55 1.17 480.5 0.035 0.020 0.025 0.020 5037 COMPUGT 0.025 UNCH 2083.5 0.025 — — 58.7 1.550 0.975 1.090 1.080 5094 CSCSTEL 1.080 -0.010 81.3 1.090 10.28 9.26 410.4 0.667 0.470 — — 7157 CYL 0.560 — — — — 7.14 56.0 0.410 0.295 — — 5082 CYMAO 0.370 — — — — — 27.8 1.780 1.333 1.670 1.660 5184 CYPARK 1.660 UNCH 198.5 1.660 9.39 2.25 760.3 2.373 1.570 1.640 1.640 8125 DAIBOCI 1.640 UNCH 0.5 1.640 21.72 2.53 537.8 0.585 0.320 0.455 0.440 5276 DANCO 0.445 -0.010 356.9 0.446 10.11 3.37 132.6 0.645 0.120 0.245 0.225 7212 DESTINI 0.225 -0.020 7667.9 0.231 50.00 — 259.9 0.755 0.270 0.520 0.480 7114 DNONCE 0.490 -0.020 754.1 0.503 35.00 — 118.6 0.295 0.100 — — 5835 DOLMITE 0.110 — — — — — 31.3 0.170 0.070 0.110 0.105 5265 DOLPHIN 0.105 UNCH 14.1 0.105 — — 25.6 1.369 1.156 — — 7169 DOMINAN 1.270 — — — 6.56 5.51 209.9 2.713 0.598 1.620 1.570 7233 DUFU 1.590 UNCH 1044.2 1.592 9.01 2.94 418.5 2.816 1.818 2.670 2.650 1368 EDGENTA 2.650 -0.050 7 2.661 16.51 4.15 2,203.8 0.320 0.170 0.180 0.170 0064 EFFICEN 0.170 -0.010 47 0.175 — — 120.6 0.655 0.430 0.455 0.450 8907 EG 0.455 UNCH 274.6 0.453 7.33 — 123.0 1.687 1.095 1.380 1.380 5208 EITA 1.380 UNCH 28.8 1.380 8.93 3.62 179.4 0.990 0.634 — — 9016 EKSONS 0.770 — — — — 6.49 126.4 0.815 0.370 0.430 0.420 7217 EMETALL 0.420 -0.010 42.9 0.425 10.07 5.95 79.1 1.230 0.805 0.845 0.830 5056 ENGTEX 0.845 UNCH 1192 0.841 11.94 1.78 374.6 0.510 0.365 — — 7773 EPMB 0.380 — — — — — 63.1 0.625 0.335 0.390 0.385 5101 EVERGRN 0.390 UNCH 316.9 0.386 8.88 3.54 330.1 1.690 1.050 — — 2984 FACBIND 1.140 — — — 56.72 3.51 97.1 2.581 2.200 2.460 2.440 7229 FAVCO 2.460 0.020 37.7 2.447 10.17 5.49 544.7 0.609 0.403 0.480 0.480 0149 FIBON 0.480 UNCH 6 0.480 22.75 1.56 47.0 1.960 1.703 — — 3107 FIMACOR 1.850 — — — 8.81 6.76 453.7 0.450 0.365 0.430 0.420 9318 FITTERS 0.425 -0.005 3081.1 0.421 20.73 — 204.2 1.700 0.914 1.610 1.590 5197 FLBHD 1.600 -0.010 60.9 1.599 7.45 — 168.8 0.455 0.177 0.245 0.240 5277 FPGROUP 0.240 -0.005 581.5 0.244 16.33 4.17 124.5 1.650 0.605 0.680 0.680 7197 GESHEN 0.680 UNCH 0.9 0.680 10.90 — 54.4 0.545 0.420 0.500 0.490 5220 GLOTEC 0.500 -0.005 203.6 0.495 — — 134.5 0.330 0.170 0.220 0.215 7192 GOODWAY 0.215 -0.010 111.8 0.217 9.11 — 23.8 0.110 0.080 0.085 0.085 7096 GPA 0.085 UNCH 221.7 0.085 425.00 — 83.3 0.325 0.170 0.195 0.195 5649 GPHAROS 0.195 0.005 7.3 0.195 5.05 — 26.5 0.745 0.420 0.515 0.510 3247 GUH 0.515 0.040 13 0.514 — — 143.1 1.140 0.670 — — 5151 HALEX 0.900 — — — — — 95.4 10.000 8.394 9.920 9.800 3034 HAPSENG 9.830 -0.060 453.8 9.835 21.59 3.56 24,473.6 7.383 4.920 5.670 5.530 5168 HARTA 5.580 UNCH 4320.1 5.606 38.99 1.51 18,584.3 15.646 4.510 4.880 4.850 4324 HENGYUAN 4.860 -0.020 123.3 4.866 6.20 0.41 1,458.0 0.995 0.525 0.660 0.645 5095 HEVEA 0.650 -0.005 1096.6 0.652 13.98 9.23 364.4 0.806 0.609 0.700 0.700 3298 HEXZA 0.700 0.005 18 0.700 18.37 7.14 140.3 0.518 0.215 0.285 0.270 5072 HIAPTEK 0.280 -0.010 3062 0.279 16.57 1.79 376.4 1.360 0.705 0.950 0.935 5199 HIBISCS 0.935 -0.020 7399.2 0.940 5.06 — 1,485.0 1.680 1.110 — — 7033 HIGHTEC 1.280 — — — 13.13 2.73 52.0 0.853 0.495 0.530 0.500 8443 HIL 0.500 -0.020 0.9 0.503 12.02 3.50 167.0 0.620 0.335 0.490 0.490 5165 HOKHENG 0.490 -0.010 19.9 0.490 116.67 — 39.2 1.910 0.445 0.995 0.960 0185 HSSEB 0.985 0.020 1314.4 0.982 17.50 0.78 488.4 0.620 0.130 0.205 0.190 2739 HUAAN 0.195 -0.005 7791.2 0.197 5.40 — 218.9 2.050 0.465 0.485 0.480 5000 HUMEIND 0.480 UNCH 144 0.482 — 4.17 230.0 0.130 0.090 0.105 0.105 9601 HWGB 0.105 UNCH 213 0.105 — — 34.1 2.308 1.699 2.050 1.990 7222 IMASPRO 2.000 UNCH 2995 2.012 25.41 1.75 160.0 0.905 0.430 — — 5673 IPMUDA 0.520 — — — — — 37.7 0.290 0.100 0.150 0.140 7183 IRETEX 0.145 0.005 3497.2 0.144 — — 21.1 0.150 0.110 — — 8648 JASKITA 0.115 — — — — — 51.7 1.746 1.340 — — 0058 JCBNEXT 1.570 — — — 23.61 2.87 216.3 0.260 0.165 0.180 0.170 9083 JETSON 0.180 UNCH 475.9 0.173 — — 38.1 1.080 0.950 — — 7043 JMR 1.050 — — — — — 133.1 0.235 0.125 0.140 0.140 0054 KARYON 0.140 UNCH 70 0.140 7.04 2.14 66.6 0.588 0.441 — — 7199 KEINHIN 0.530 — — — 32.92 1.89 57.7 1.667 1.364 1.580 1.580 6491 KFIMA 1.580 -0.040 3 1.580 7.59 5.70 445.9 1.268 0.584 1.170 1.140 0151 KGB 1.150 0.010 1618.1 1.151 15.82 0.87 316.2 0.400 0.200 — — 6211 KIALIM 0.220 — — — — — 13.6 2.958 2.000 2.820 2.810 3522 KIANJOO 2.810 UNCH 206.5 2.816 18.91 1.42 1,248.1 1.577 1.090 1.230 1.210 5371 KIMHIN 1.210 0.020 4 1.215 — 4.13 188.3 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2 1.010 0.780 — — 9466 KKB 0.940 — — — 15.80 2.13 242.3 0.255 0.070 0.095 0.085 7164 KNM 0.085 -0.005 42785.6 0.090 — — 201.4 0.950 0.420 — — 5035 KNUSFOR 0.420 — — — — — 41.9 1.700 0.810 — — 6971 KOBAY 1.250 — — — 8.42 — 127.6 0.245 0.120 0.195 0.180 7017 KOMARK 0.190 0.005 2566.1 0.189 — — 31.2 4.683 3.140 3.850 3.790 7153 KOSSAN 3.840 0.040 1150.2 3.835 26.36 1.56 4,911.1 0.880 0.470 — — 9121 KPSCB 0.490 — — — 5.23 — 72.4 4.586 3.665 4.460 4.400 3476 KSENG 4.460 0.060 12.2 4.408 42.93 2.24 1,612.2 0.724 0.285 — — 5192 KSSC 0.315 — — — 7.82 6.35 30.2 0.530 0.225 0.415 0.395 6874 KUB 0.400 UNCH 8335.7 0.408 11.83 3.75 222.6

* 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 WEDNESDAY JANUARY 30, 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)

0.520 0.250 0.300 0.260 8362 KYM 0.300 UNCH 1.4 0.263 — — 45.0 5.710 1.800 1.890 1.830 3794 LAFMSIA 1.890 0.050 578.6 1.847 — — 1,605.9 0.673 0.440 0.480 0.480 9326 LBALUM 0.480 UNCH 70 0.480 18.90 2.08 119.3 6.192 4.180 4.630 4.610 5284 LCTITAN 4.620 -0.010 286.3 4.627 9.10 4.98 10,662.0 0.957 0.400 0.510 0.500 5232 LEONFB 0.500 -0.005 45 0.503 3.02 3.00 155.0 0.320 0.100 0.145 0.130 8745 LEWEKO 0.145 UNCH 60.2 0.130 — — 46.7 0.225 0.085 — — 7170 LFECORP 0.100 — — — — — 18.6 0.775 0.405 0.415 0.415 8486 LIONFIB 0.415 -0.015 1.1 0.415 9.98 — 96.1 1.390 0.450 0.535 0.515 4235 LIONIND 0.520 -0.010 1638.3 0.524 2.16 — 373.3 0.560 0.250 — — 9881 LSTEEL 0.265 — — — 3.94 — 33.9 0.115 0.075 0.080 0.080 5068 LUSTER 0.080 UNCH 498.1 0.080 19.05 — 158.1 0.779 0.500 0.545 0.540 5143 LUXCHEM 0.545 0.005 31 0.543 12.03 4.59 470.6 4.062 2.250 — — 9199 LYSAGHT 2.700 — — — 11.35 2.59 112.3 1.381 0.340 0.435 0.420 5098 MASTEEL 0.425 -0.010 699.1 0.429 4.38 2.12 181.6 0.730 0.531 0.600 0.595 7029 MASTER 0.595 -0.005 4 0.596 6.36 3.36 32.5 1.305 0.905 — — 5152 MBL 1.050 — — — 9.60 0.95 108.2 0.830 0.435 — — 7004 MCEHLDG 0.510 — — — — — 22.6 0.280 0.090 0.115 0.110 3778 MELEWAR 0.115 0.005 50.9 0.112 — — 41.3 0.715 0.440 — — 5223 MENTIGA 0.460 — — — 7.32 — 32.2 1.750 1.540 — — 6149 METROD 1.540 — — — 18.08 3.90 184.8 0.701 0.240 0.285 0.275 5001 MIECO 0.280 -0.010 281.7 0.281 — 3.57 147.0 0.135 0.045 — — 7219 MINETEC 0.050 — — — — — 46.1 0.424 0.244 0.280 0.275 5576 MINHO 0.275 -0.005 64 0.275 7.77 1.75 93.6 0.924 0.667 0.770 0.745 5916 MSC 0.750 0.010 623.1 0.756 54.35 1.33 300.0 0.115 0.060 0.105 0.105 0043 MTRONIC 0.105 -0.005 1386.8 0.105 — — 33.7 2.884 1.115 1.890 1.880 3883 MUDA 1.890 -0.010 200.5 1.882 6.53 1.85 576.5 0.555 0.240 0.270 0.270 5087 MYCRON 0.270 0.005 15 0.270 6.52 — 91.9 0.640 0.330 0.460 0.445 7241 NGGB 0.455 0.005 327.6 0.452 126.39 — 208.6 0.355 0.065 0.065 0.065 5025 NWP 0.065 -0.005 6 0.065 — — 25.5 0.859 0.563 0.660 0.635 4944 NYLEX 0.655 0.010 221.1 0.647 6.04 3.05 127.3 1.028 0.555 0.590 0.575 7140 OKA 0.580 -0.005 369.9 0.580 7.34 6.33 142.3 1.738 0.880 1.000 1.000 5065 ORNA 1.000 -0.020 41.5 1.000 6.48 5.00 75.3 0.115 0.045 0.055 0.050 7225 PA 0.050 -0.005 130 0.050 — — 93.5 1.219 0.421 0.840 0.820 8419 PANSAR 0.830 -0.015 573.3 0.838 31.44 1.81 255.6 0.645 0.410 0.475 0.465 5125 PANTECH 0.465 -0.010 247.8 0.472 7.27 4.30 347.8 10.200 7.545 8.500 8.230 5183 PCHEM 8.450 -0.170 9685 8.430 14.43 3.43 67,600.0 1.420 0.669 0.845 0.840 5271 PECCA 0.845 UNCH 47.7 0.844 14.30 5.92 158.9 5.292 3.233 4.990 4.890 5436 PERSTIM 4.900 -0.100 7.3 4.918 10.51 6.12 486.6 1.950 0.950 1.190 1.140 5219 PESTECH 1.140 -0.040 147.1 1.159 15.34 — 871.3 20.000 15.928 17.840 17.520 6033 PETGAS 17.780 0.040 2481.7 17.76 17.78 3.88 35,181.9 11.844 6.010 6.840 6.700 3042 PETRONM 6.780 0.010 33.2 6.777 5.24 3.69 1,830.6 1.500 1.000 1.030 1.030 3611 PGLOBE 1.030 UNCH 6 1.030 — — 192.3 0.218 0.090 0.110 0.110 7201 PICORP 0.110 -0.005 150 0.110 47.83 1.36 72.4 1.770 1.186 1.580 1.560 7095 PIE 1.580 UNCH 199.1 1.570 13.14 1.52 606.8 0.255 0.100 — — 7163 PJBUMI 0.145 — — — — — 11.9 4.280 3.090 3.220 3.200 7172 PMBTECH 3.200 -0.090 171.2 3.206 50.24 0.78 517.2 5.734 3.753 4.210 4.130 8869 PMETAL 4.200 -0.020 2530.9 4.161 26.33 1.55 16,595.6 0.570 0.460 0.510 0.510 6637 PNEPCB 0.510 -0.045 5 0.510 175.86 — 67.1 0.590 0.260 0.465 0.425 8117 POLY 0.450 0.010 18.7 0.428 16.54 — 72.0 0.770 0.390 0.490 0.485 8273 PPHB 0.490 0.005 24.5 0.489 5.16 — 92.4 1.055 0.492 0.570 0.570 9873 PRESTAR 0.570 0.010 8 0.570 5.53 7.02 116.8 0.101 0.035 0.050 0.045 7123 PWORTH 0.045 -0.005 830.5 0.046 0.08 — 184.3 0.970 0.705 — — 7544 QUALITY 0.830 — — — — — 48.1 0.580 0.210 — — 7498 RALCO 0.220 — — — — — 10.2 0.520 0.210 0.295 0.280 5256 REACH 0.285 -0.010 3492.5 0.288 — — 312.5 0.389 0.241 — — 7232 RESINTC 0.270 — — — 23.68 9.26 37.0 0.250 0.160 0.195 0.190 9954 RGTBHD 0.195 UNCH 1117.3 0.195 — — 112.5 1.495 0.650 0.665 0.655 9741 ROHAS 0.660 -0.005 60.4 0.657 12.84 3.03 312.0 0.692 0.435 0.460 0.450 7803 RUBEREX 0.450 -0.010 5 0.450 8.08 3.89 113.5 4.345 3.580 3.680 3.580 5134 SAB 3.580 -0.150 62 3.604 14.20 1.40 490.2 8.480 5.708 7.460 7.350 9822 SAM 7.350 -0.030 5.9 7.403 13.35 1.91 993.5 1.201 0.640 0.670 0.650 5147 SAMCHEM 0.655 -0.005 88.7 0.655 8.17 6.11 178.2 0.869 0.680 — — 7811 SAPIND 0.710 — — — 7.61 5.63 51.7 0.730 0.205 0.240 0.240 5170 SCABLE 0.240 -0.005 36 0.240 — — 76.1 2.334 1.000 1.240 1.220 7247 SCGM 1.230 -0.010 101.8 1.230 28.74 3.25 238.1 0.810 0.300 0.455 0.435 9237 SCIB 0.455 UNCH 6.8 0.445 — — 39.1 2.074 0.900 1.160 1.150 0099 SCICOM 1.160 0.020 59.1 1.151 15.59 7.76 412.3 9.377 6.350 8.820 8.770 4731 SCIENTX 8.800 -0.010 755 8.791 15.83 2.27 4,305.3 0.350 0.150 — — 7239 SCNWOLF 0.155 — — — — — 14.9 0.805 0.155 0.245 0.220 7073 SEACERA 0.235 0.010 24098.8 0.233 — — 99.0 0.190 0.090 0.115 0.105 5145 SEALINK 0.110 -0.005 300.7 0.110 — — 55.0 0.615 0.180 0.235 0.235 5163 SEB 0.235 UNCH 30 0.235 — — 18.8 1.340 0.655 — — 7165 SGB 0.775 — — — — — 153.9 1.067 0.750 0.905 0.885 5181 SIGGAS 0.895 0.005 239.7 0.898 41.06 0.89 167.8 0.740 0.410 — — 7115 SKBSHUT 0.500 — — — 44.25 — 20.0 1.887 0.945 1.320 1.280 7155 SKPRES 1.300 -0.030 2612.1 1.295 14.33 3.90 1,625.2 1.449 0.778 — — 7248 SLP 1.260 — — — 18.75 3.57 399.4 0.540 0.370 — — 7132 SMISCOR 0.495 — — — — — 22.2 2.329 0.720 0.805 0.795 5665 SSTEEL 0.800 -0.010 58.8 0.800 2.18 4.38 346.9 0.230 0.100 0.135 0.115 7143 STONE 0.130 -0.005 81.5 0.121 — — 11.7 1.200 0.400 — — 6904 SUBUR 0.520 — — — — — 108.7 1.101 0.520 0.560 0.540 7207 SUCCESS 0.540 -0.020 316.6 0.543 24.43 1.85 134.2 1.691 1.350 1.630 1.590 5211 SUNWAY 1.620 0.020 2646.8 1.615 12.12 4.01 7,977.6 1.822 0.978 1.340 1.300 7235 SUPERLN 1.300 -0.030 311.1 1.314 16.97 1.46 208.0 2.285 1.430 1.540 1.470 7106 SUPERMX 1.520 0.030 8718.8 1.506 17.47 2.63 2,067.7 0.395 0.180 0.240 0.240 5149 TAS 0.240 UNCH 5 0.240 17.91 — 43.2 10.824 4.050 4.790 4.650 4448 TASEK 4.750 -0.050 1503.5 4.777 — 8.42 587.2 0.380 0.065 0.100 0.095 5178 TATGIAP 0.100 UNCH 7970 0.098 — — 28.5 1.070 0.415 0.470 0.415 7097 TAWIN 0.470 -0.005 155.6 0.463 — — 37.4 0.970 0.805 0.915 0.890 5289 TECHBND 0.905 0.010 2390 0.902 — — 208.2 0.960 0.665 0.680 0.680 8702 TEXCHEM 0.680 UNCH 8 0.680 — 14.71 84.4 4.011 2.070 2.380 2.370 7034 TGUAN 2.380 -0.030 15.9 2.371 11.81 3.36 324.7 1.600 1.040 — — 7374 TIENWAH 1.100 — — — — 5.45 159.2 0.660 0.410 — — 7854 TIMWELL 0.660 — — — 14.70 1.52 58.8 1.040 0.525 0.655 0.640 7285 TOMYPAK 0.640 -0.030 64.2 0.652 110.34 3.28 268.7 4.190 2.476 3.960 3.850 5010 TONGHER 3.860 -0.020 21.5 3.877 8.97 6.74 607.7 6.297 4.610 4.950 4.810 7113 TOPGLOV 4.920 0.030 5547.9 4.911 28.76 1.73 12,598.1 1.115 0.503 0.610 0.585 7173 TOYOINK 0.585 -0.030 231.4 0.592 18.45 1.71 62.6 0.780 0.620 0.715 0.670 5167 TURBO 0.715 UNCH 27 0.685 16.44 1.40 77.2 3.070 1.953 2.570 2.530 7100 UCHITEC 2.540 -0.010 336.8 2.541 16.81 5.91 1,144.9 2.182 0.480 0.610 0.605 7133 ULICORP 0.605 UNCH 625.9 0.609 31.51 5.50 131.8 2.750 2.000 — — 7137 UMS 2.260 — — — 15.98 2.65 92.0 1.116 0.810 — — 7227 UMSNGB 1.060 — — — 10.88 2.83 84.8 1.078 0.871 0.980 0.960 7091 UNIMECH 0.975 -0.010 40 0.973 7.99 2.31 154.8 0.750 0.355 0.380 0.375 4995 VERSATL 0.380 -0.005 15.2 0.375 — — 49.0 2.459 0.623 0.815 0.795 6963 VS 0.810 0.010 18285.9 0.804 9.30 4.81 1,470.2 1.710 0.595 0.800 0.755 5142 WASEONG 0.760 -0.030 189.1 0.777 4.17 — 588.9 0.825 0.240 0.795 0.750 7226 WATTA 0.795 UNCH 65 0.789 16.09 — 67.2 1.544 1.122 1.250 1.240 7231 WELLCAL 1.240 -0.010 100 1.245 19.47 4.40 617.5 0.655 0.460 — — 7692 WIDETEC 0.540 — — — 12.53 — 24.2 0.962 0.559 0.605 0.600 7050 WONG 0.600 UNCH 10.5 0.601 7.92 — 68.8 0.680 0.500 0.585 0.585 7025 WOODLAN 0.585 0.025 0.1 0.585 — — 23.4 1.959 1.390 — — 5009 WTHORSE 1.550 — — — — 4.52 372.0 0.756 0.415 0.480 0.475 4243 WTK 0.475 -0.005 132.8 0.476 2.10 2.11 228.6 0.677 0.160 0.360 0.335 7245 WZSATU 0.345 0.005 2050.2 0.348 — 4.35 160.5 0.035 0.005 — — 7122 YFG 0.005 — — — — — 3.0 0.760 0.545 0.570 0.570 5048 YILAI 0.570 UNCH 13.5 0.570 — — 91.2 0.455 0.090 0.120 0.115 7020 YKGI 0.120 UNCH 258.2 0.115 — — 42.1 0.445 0.200 — — 7014 YLI 0.250 — — — — — 25.7CONSTRUCTION 0.820 0.241 0.295 0.290 5281 ADVCON 0.290 -0.005 182 0.290 13.68 3.45 116.6 0.857 0.274 0.350 0.330 7078 AZRB 0.330 -0.015 788.7 0.335 13.31 2.70 197.3 0.405 0.155 0.185 0.180 5190 BENALEC 0.185 -0.005 156.1 0.182 — 2.16 159.4 0.385 0.165 0.190 0.180 5932 BPURI 0.185 -0.005 11278.4 0.185 13.21 — 70.7 0.952 0.725 0.750 0.745 8761 BREM 0.750 UNCH 66 0.750 9.99 2.67 259.1 1.100 0.790 0.880 0.865 8591 CRESBLD 0.880 0.010 129.5 0.869 2.45 4.55 155.7 1.840 1.535 1.750 1.710 7528 DKLS 1.750 -0.010 3.1 1.724 23.12 1.71 162.2 1.291 0.360 0.485 0.470 5253 ECONBHD 0.480 UNCH 6763.4 0.478 7.93 3.33 642.0 1.036 0.411 0.525 0.520 8877 EKOVEST 0.525 -0.005 1698 0.525 9.49 1.90 1,123.1 0.852 0.300 0.360 0.360 7047 FAJAR 0.360 0.005 5.1 0.360 7.81 4.17 134.6 1.127 0.475 0.570 0.560 9261 GADANG 0.565 -0.010 839.2 0.565 4.46 5.31 373.9 5.008 1.948 2.740 2.670 5398 GAMUDA 2.700 0.020 4065.3 2.699 13.75 4.44 6,663.7 1.852 0.595 0.975 0.870 5226 GBGAQRS 0.885 -0.075 13524.7 0.905 5.90 4.80 437.7 4.257 0.741 1.150 1.080 3204 GKENT 1.100 -0.030 6054 1.101 5.21 3.18 619.6 0.580 0.280 0.345 0.340 5169 HOHUP 0.340 -0.005 105 0.341 4.20 — 127.5 1.615 1.272 1.390 1.360 6238 HSL 1.390 0.010 74 1.376 13.43 1.73 809.9 3.080 1.373 1.830 1.760 3336 IJM 1.760 -0.060 3861 1.789 32.41 2.84 6,398.8 0.560 0.090 0.110 0.100 5268 IKHMAS 0.105 UNCH 533.5 0.105 — — 57.3 0.743 0.444 0.520 0.520 8834 IREKA 0.520 UNCH 10 0.520 57.78 3.85 97.1 1.840 0.405 0.530 0.515 4723 JAKS 0.515 -0.010 2460.9 0.521 1.95 — 281.2 1.832 0.990 1.270 1.240 7161 KERJAYA 1.240 -0.010 512.4 1.254 13.04 1.61 1,540.0 2.180 1.000 1.140 1.130 5171 KIMLUN 1.130 0.010 35.5 1.133 5.84 4.87 375.0 1.220 0.750 — — 9628 LEBTECH 0.905 — — — — — 123.5 0.769 0.450 — — 5129 MELATI 0.485 — — — 24.25 2.06 58.2 1.868 0.900 0.940 0.940 8192 MERCURY 0.940 0.020 20 0.940 25.27 4.26 37.8 0.905 0.240 0.845 0.840 5006 MERGE 0.840 UNCH 12.2 0.844 — — 56.3 1.740 0.680 0.690 0.680 7595 MGB 0.685 -0.015 148.7 0.682 9.62 — 340.4 0.836 0.225 0.315 0.295 9571 MITRA 0.295 -0.015 1059 0.302 4.28 6.78 264.4 0.280 0.115 — — 5924 MTDACPI 0.155 — — — 6.35 — 35.9 1.020 0.265 0.320 0.310 5085 MUDAJYA 0.315 0.005 215.8 0.313 — — 190.7 3.272 2.452 2.990 2.790 5703 MUHIBAH 2.820 -0.110 2280.5 2.820 9.45 2.48 1,363.5 0.555 0.265 0.275 0.270 7071 OCR 0.270 UNCH 1212.6 0.270 49.09 — 86.9 0.845 0.730 0.800 0.800 5622 PEB 0.800 -0.035 23 0.800 2.75 — 55.3 0.463 0.170 0.200 0.195 8311 PESONA 0.195 -0.005 453 0.197 10.21 5.13 135.5 0.886 0.190 0.250 0.235 5070 PRTASCO 0.240 -0.005 3076.4 0.241 43.64 21.13 118.9 0.180 0.095 0.130 0.120 7145 PSIPTEK 0.125 0.005 2552.1 0.124 17.36 — 43.6 3.528 2.167 2.320 2.310 9598 PTARAS 2.320 UNCH 28 2.310 26.45 8.62 384.8 0.689 0.315 0.365 0.355 6807 PUNCAK 0.355 -0.010 288.7 0.359 — 1.41 159.5 1.090 0.455 0.655 0.630 5205 SENDAI 0.655 0.010 1346.8 0.647 6.40 — 511.6 2.506 1.300 1.590 1.550 5263 SUNCON 1.570 UNCH 64.2 1.576 14.50 4.78 2,029.9 0.295 0.210 — — 9717 SYCAL 0.235 — — — 54.65 — 97.8 0.734 0.405 0.570 0.555 5054 TRC 0.560 -0.005 1620.9 0.562 13.66 5.00 269.1 0.580 0.295 0.400 0.400 5042 TSRCAP 0.400 -0.005 10 0.400 35.71 — 69.8 0.280 0.180 0.280 0.280 0301 UNIWALL 0.280 0.030 1 0.280 24.56 — 102.4 1.030 0.770 1.020 0.995 7070 VIZIONE 1.020 UNCH 1107.2 1.004 9.25 — 570.1 1.210 0.465 0.485 0.475 3565 WCEHB 0.475 UNCH 203.3 0.476 55.23 — 476.3 1.612 0.660 0.820 0.800 9679 WCT 0.815 0.010 2368.3 0.808 6.85 3.68 1,154.4 0.745 0.150 0.210 0.210 7028 ZECON 0.210 -0.010 110 0.210 11.60 — 27.5 0.130 0.025 0.060 0.050 2283 ZELAN 0.050 -0.010 3181.5 0.055 — — 42.2HEALTH CARE 0.625 0.350 — — 7191 ADVENTA 0.350 — — — 33.98 — 53.5 8.870 4.799 — — 7090 AHEALTH 8.300 — — — 17.82 1.57 975.9 1.463 0.925 1.000 0.955 7148 CCMDBIO 0.955 UNCH 570.8 0.962 13.76 4.26 632.1 7.383 4.920 5.670 5.530 5168 HARTA 5.580 UNCH 4320.1 5.606 38.99 1.51 18,584.3 0.385 0.300 — — 7213 HOVID 0.380 — — — 33.33 — 313.9

6.388 4.540 5.630 5.530 5225 IHH 5.580 -0.020 4297.6 5.573 344.44 0.54 48,932.7 4.683 3.140 3.850 3.790 7153 KOSSAN 3.840 0.040 1150.2 3.835 26.36 1.56 4,911.1 1.868 1.573 — — 0002 KOTRA 1.680 — — — 11.69 2.98 241.5 1.170 0.840 1.100 1.060 5878 KPJ 1.080 -0.010 2155.2 1.073 24.71 1.85 4,776.3 4.120 2.645 2.750 2.740 7081 PHARMA 2.740 -0.010 42.3 2.749 11.90 7.30 713.8 2.285 1.430 1.540 1.470 7106 SUPERMX 1.520 0.030 8718.8 1.506 17.47 2.63 2,067.7 0.860 0.695 0.740 0.725 0101 TMCLIFE 0.740 0.005 526.6 0.729 45.12 0.24 1,285.0 6.297 4.610 4.950 4.810 7113 TOPGLOV 4.920 0.030 5547.9 4.911 28.76 1.73 12,598.1 0.375 0.230 — — 0301 TOPVISN 0.375 — — — 45.18 — 95.8 3.390 2.267 — — 7178 YSPSAH 2.710 — — — 13.00 2.58 374.9FINANCIAL SERVICES 4.319 3.678 4.280 4.180 2488 ABMB 4.230 -0.020 1244.6 4.222 12.80 3.62 6,548.5 16.300 11.741 15.980 15.880 5139 AEONCR 15.900 -0.020 83.8 15.915 10.74 2.66 3,987.4 2.642 2.153 2.220 2.200 5185 AFFIN 2.200 -0.010 131.3 2.209 7.93 2.27 4,369.2 14.274 10.137 13.660 13.540 1163 ALLIANZ 13.600 -0.040 261.4 13.595 6.56 2.94 2,403.0 4.705 3.278 4.500 4.400 1015 AMBANK 4.420 -0.070 4735.4 4.429 11.38 3.39 13,322.7 1.600 0.900 — — 5088 APEX 0.920 — — — 22.17 — 196.5 4.209 3.252 3.890 3.840 5258 BIMB 3.840 -0.030 116.8 3.863 9.60 4.04 6,503.3 7.971 6.720 7.440 7.350 1818 BURSA 7.390 -0.010 396.6 7.402 26.21 3.56 5,967.2 7.206 5.101 5.690 5.640 1023 CIMB 5.670 0.010 13759.7 5.663 9.52 4.41 54,230.5 0.400 0.240 — — 2143 ECM 0.240 — — — 51.06 — 115.2 1.330 1.114 1.330 1.290 5228 ELKDESA 1.320 0.020 212.1 1.311 12.03 5.30 407.9 20.980 17.119 20.780 20.660 5819 HLBANK 20.720 0.020 2194 20.71 15.66 2.32 44,915.1 10.100 7.327 — — 5274 HLCAP 9.600 — — — 30.64 1.98 2,370.2 19.952 17.251 19.780 19.340 1082 HLFG 19.600 -0.160 515.6 19.59 11.46 2.04 22,491.3 0.971 0.645 0.750 0.740 3379 INSAS 0.750 UNCH 255.1 0.745 6.39 2.67 520.0 0.360 0.070 0.095 0.095 3441 JOHAN 0.095 -0.005 25 0.095 — — 59.2 0.780 0.555 0.560 0.560 6483 KENANGA 0.560 UNCH 36 0.560 10.94 5.36 404.7 2.703 1.570 — — 2186 KUCHAI 1.670 — — — 4.58 0.60 206.7 17.233 15.640 16.480 16.300 8621 LPI 16.380 0.020 86.4 16.39 20.85 3.88 6,525.5 0.773 0.400 0.520 0.520 1198 MAA 0.520 UNCH 30 0.520 — 11.54 142.2 3.314 2.300 2.380 2.310 1058 MANULFE 2.310 -0.040 20.6 2.350 17.98 3.46 467.5 10.451 8.458 9.690 9.560 1155 MAYBANK 9.690 0.030 14145 9.657 13.27 5.88 107,071.4 1.254 0.890 1.000 0.985 1171 MBSB 0.995 UNCH 1345 0.989 9.25 5.03 6,357.2 2.062 0.845 1.110 1.070 6459 MNRB 1.100 0.020 557.2 1.083 3.76 — 843.8 1.600 1.010 1.050 1.040 5237 MPHBCAP 1.040 -0.010 87.6 1.041 12.73 — 743.6 1.094 0.980 — — 6009 P&O 1.000 — — — — 5.20 286.9 26.160 20.427 24.820 24.740 1295 PBBANK 24.800 -0.020 6022.6 24.79 16.92 2.66 96,277.0 1.720 1.008 1.590 1.560 9296 RCECAP 1.590 0.010 139.3 1.570 5.86 5.03 572.1 5.795 4.826 5.550 5.470 1066 RHBBANK 5.520 0.050 5452.4 5.518 10.08 3.17 22,135.5 0.695 0.461 0.650 0.645 4898 TA 0.645 0.005 550.8 0.649 4.96 6.36 1,104.2 4.340 3.050 4.280 4.210 6139 TAKAFUL 4.240 -0.020 1739.8 4.245 13.41 3.54 3,494.7 1.039 0.525 0.625 0.615 5230 TUNEPRO 0.620 -0.005 662 0.622 9.89 4.84 466.1PROPERTY 0.380 0.230 — — 7131 ACME 0.230 — — — 12.23 — 54.9 0.757 0.490 0.550 0.540 1007 AMPROP 0.540 UNCH 103.9 0.550 2.68 7.41 329.1 0.396 0.220 0.270 0.270 1007PA AMPROP-PA 0.270 -0.005 2.3 0.270 — 7.41 77.8 1.360 0.870 — — 5959 AMVERTON 0.875 — — — 9.54 — 319.4 0.650 0.280 — — 7007 ARK 0.380 — — — — — 18.5 0.175 0.110 0.120 0.115 4057 ASIAPAC 0.120 UNCH 285 0.119 4.72 — 124.5 6.741 4.480 — — 2305 AYER 4.500 — — — 24.64 1.11 336.8 0.475 0.220 — — 6602 BCB 0.285 — — — 3.87 — 117.6 0.630 0.285 — — 6173 BDB 0.315 — — — — — 95.7 0.430 0.180 0.250 0.250 9814 BERTAM 0.250 -0.005 67.5 0.250 — — 51.7 0.539 0.245 0.280 0.280 3239 BJASSET 0.280 UNCH 31.4 0.280 — — 716.3 1.580 0.963 1.570 1.500 5738 CHHB 1.570 0.020 239.3 1.549 3.62 — 432.9 1.394 1.190 1.220 1.210 6718 CRESNDO 1.210 -0.020 3 1.217 11.80 4.96 339.4 1.590 1.108 — — 5049 CVIEW 1.530 — — — 2.17 3.27 153.0 2.970 1.918 2.970 2.970 5355 DAIMAN 2.970 0.010 22.5 2.970 18.15 1.68 630.2 0.57 0.220 0.390 0.365 3484 DBHD 0.365 -0.010 1222.4 0.376 6.36 — 116.2 0.100 0.050 0.065 0.065 7198 DPS 0.065 UNCH 10.2 0.065 — — 38.2 1.656 1.020 1.110 1.050 3417 E&O 1.050 -0.040 3097.5 1.069 15.67 2.80 1,393.0 0.325 0.280 0.295 0.290 3557 ECOFIRS 0.295 UNCH 511.2 0.295 5.10 — 236.9 1.450 0.890 0.930 0.910 8206 ECOWLD 0.920 -0.015 1141.5 0.920 16.34 — 2,708.8 0.830 0.350 — — 6076 ENCORP 0.440 — — — — — 129.3 2.779 1.530 — — 8613 ENRA 1.540 — — — — 2.92 209.8 1.010 0.550 0.575 0.575 6815 EUPE 0.575 UNCH 13.5 0.575 4.38 — 73.6 0.885 0.303 0.580 0.575 7249 EWEIN 0.575 UNCH 328.4 0.576 5.06 0.87 173.4 1.150 0.665 0.730 0.715 5283 EWINT 0.720 -0.015 557.7 0.722 48.98 — 1,728.0 0.445 0.340 — — 6041 FARLIM 0.375 — — — 937.5 — 63.1 0.520 0.361 0.385 0.370 5020 GLOMAC 0.370 -0.010 321.8 0.373 9.81 4.05 296.0 0.394 0.240 — — 9962 GMUTUAL 0.245 — — — 5.86 2.04 92.0 0.325 0.170 0.190 0.190 1147 GOB 0.190 -0.005 143.2 0.190 — — 86.4 0.255 0.085 0.155 0.150 7077 GSB 0.155 0.005 159 0.155 86.11 — 85.6 1.073 0.722 0.800 0.775 1503 GUOCO 0.800 UNCH 22.8 0.796 20.25 2.50 560.4 1.370 1.150 1.270 1.260 7105 HCK 1.260 -0.010 35 1.266 96.18 — 531.0 0.835 0.500 — — 7010 HOOVER 0.650 — — — — — 26.0 0.620 0.300 0.390 0.380 5062 HUAYANG 0.380 -0.010 317.5 0.384 26.57 — 133.8 0.534 0.360 0.420 0.420 4251 IBHD 0.420 UNCH 0.4 0.420 6.35 5.07 425.2 0.831 0.150 0.600 0.595 5084 IBRACO 0.595 -0.005 5.1 0.600 14.41 4.62 295.4 1.860 0.550 1.190 1.170 9687 IDEAL 1.190 -0.010 21.3 1.188 2.89 — 131.5 3.176 2.200 2.490 2.200 5606 IGBB 2.490 0.010 39.1 2.426 7.81 0.80 1,716.9 1.997 1.210 1.570 1.520 5249 IOIPG 1.540 UNCH 2744.7 1.539 13.00 3.25 8,479.5 0.344 0.195 0.215 0.210 5175 IVORY 0.210 -0.005 164 0.210 — 11.90 102.9 1.440 0.365 0.465 0.450 1589 IWCITY 0.450 -0.020 2348.2 0.456 53.57 — 376.8 0.500 0.250 — — 8923 JIANKUN 0.320 — — — — — 53.4 0.100 0.070 0.075 0.075 6769 JKGLAND 0.075 UNCH 148 0.075 35.71 1.33 170.6 0.125 0.065 0.105 0.095 3115 KBUNAI 0.105 0.005 4181.4 0.099 15.44 — 606.5 0.940 0.555 — — 7323 KEN 0.720 — — — 2.78 3.47 138.0 1.060 0.675 0.875 0.855 5038 KSL 0.865 UNCH 160.9 0.861 3.94 — 897.4 0.198 0.130 0.155 0.150 3174 L&G 0.155 UNCH 543.8 0.150 18.02 9.68 460.8 1.211 0.630 0.705 0.705 8494 LBICAP 0.705 0.005 4.2 0.705 7.19 4.26 57.9 1.090 0.600 0.680 0.665 5789 LBS 0.670 -0.010 319.2 0.670 10.65 3.28 1,044.5 0.480 0.280 0.285 0.280 3573 LIENHOE 0.285 0.005 104.2 0.285 14.39 — 103.1 1.270 0.840 — — 7617 MAGNA 0.925 — — — 13.43 — 309.8 1.373 0.890 0.935 0.925 8583 MAHSING 0.935 0.005 191.8 0.933 10.65 6.95 2,269.9 0.941 0.390 0.505 0.480 6181 MALTON 0.495 -0.010 796.8 0.489 8.52 4.04 261.4 2.081 1.734 1.970 1.930 5236 MATRIX 1.940 -0.010 346.7 1.941 6.62 6.96 1,460.5 2.152 1.480 — — 7189 MBWORLD 1.700 — — — 4.04 4.06 267.5 0.965 0.600 0.660 0.660 5182 MCT 0.660 0.060 1 0.660 9.21 — 961.6 0.510 0.265 0.305 0.300 5040 MEDAINC 0.305 0.005 275.5 0.301 — — 150.2 0.545 0.340 0.365 0.365 1694 MENANG 0.365 -0.025 2.1 0.365 10.49 — 175.5 0.370 0.190 — — 8141 MJPERAK 0.220 — — — 12.02 — 56.6 1.652 1.110 1.220 1.200 6114 MKH 1.210 -0.020 98.8 1.212 10.20 2.89 709.7 0.280 0.160 0.185 0.180 8893 MKLAND 0.185 0.005 112.7 0.184 9.84 — 223.3 0.120 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9 1.185 0.534 0.710 0.690 1651 MRCB 0.695 -0.010 4732.8 0.699 12.57 2.52 3,057.9 0.640 0.390 — — 9539 MUH 0.455 — — — — — 25.7 0.320 0.205 0.220 0.215 3913 MUIPROP 0.215 -0.005 1740 0.216 26.22 — 164.3 1.080 0.430 0.480 0.460 5073 NAIM 0.465 0.010 2153.4 0.471 — — 238.9 2.280 1.883 — — 5827 OIB 2.030 — — — 7.38 3.45 314.4 1.028 0.835 0.930 0.910 5053 OSK 0.930 0.010 144.1 0.923 7.51 5.91 1,948.6 2.260 1.671 2.120 2.090 1724 PARAMON 2.110 -0.010 414.3 2.105 10.05 4.03 903.7 0.600 0.300 0.395 0.365 6912 PASDEC 0.380 -0.020 93 0.383 — — 152.1 0.065 0.015 0.025 0.020 4464 PHB 0.020 UNCH 152 0.020 — — 36.0 1.820 1.250 — — 7055 PLB 1.410 — — — — — 158.5 1.595 1.305 1.430 1.410 5075 PLENITU 1.410 -0.020 64.6 1.421 12.26 3.19 538.0 6.150 5.220 5.570 5.390 7765 RAPID 5.390 -0.110 2346.6 5.465 332.72 — 576.2 1.120 0.600 0.650 0.650 4596 SAPRES 0.650 UNCH 1 0.650 8.55 — 90.7 0.630 0.400 — — 5207 SBCCORP 0.505 — — — 15.73 — 130.4 0.930 0.600 0.645 0.640 2224 SDRED 0.645 0.005 116 0.643 3.08 3.88 274.9 0.470 0.285 — — 4286 SEAL 0.315 — — — 2.76 — 76.5 2.617 2.180 — — 6017 SHL 2.350 — — — 8.23 9.36 569.0 1.577 0.905 1.190 1.120 5288 SIMEPROP 1.120 -0.060 3265.5 1.131 27.32 5.36 7,616.9 0.250 0.135 0.150 0.145 4375 SMI 0.150 UNCH 146.1 0.147 — — 31.5 0.670 0.345 — — 5213 SNTORIA 0.460 — — — 9.20 — 260.9 6.130 3.950 6.120 6.120 1783 SPB 6.120 UNCH 73.5 6.120 — 1.96 2,102.9 3.247 1.930 2.600 2.530 8664 SPSETIA 2.540 -0.040 3292.3 2.550 8.74 6.10 10,054.8 1.340 0.580 0.605 0.580 3743 SUNSURIA 0.580 UNCH 172.5 0.594 4.56 — 463.3 0.751 0.320 0.380 0.380 1538 SYMLIFE 0.380 0.010 692 0.380 2.45 — 224.3 0.325 0.165 0.260 0.250 4022 TADMAX 0.260 UNCH 920.9 0.253 — — 203.8 0.358 0.240 0.265 0.255 5158 TAGB 0.265 0.010 430.1 0.260 5.09 2.26 1,410.3 0.045 0.025 0.025 0.025 2259 TALAMT 0.025 UNCH 866.5 0.025 — — 105.5 1.023 0.673 0.770 0.765 5191 TAMBUN 0.765 UNCH 23 0.767 5.66 8.76 331.5 0.112 0.045 0.060 0.050 2429 TANCO 0.055 UNCH 199 0.054 — — 36.9 0.485 0.131 0.205 0.200 7889 THRIVEN 0.200 UNCH 94.9 0.202 4.60 — 102.8 0.120 0.045 0.080 0.075 7079 TIGER 0.080 UNCH 5363.9 0.076 — — 87.6 0.700 0.285 0.315 0.305 5239 TITIJYA 0.315 UNCH 224.1 0.311 5.97 0.79 423.5 0.898 0.778 0.875 0.865 5401 TROP 0.870 0.020 128.4 0.870 6.87 3.20 1,279.3 1.154 0.620 0.775 0.765 5148 UEMS 0.770 UNCH 638.3 0.767 12.03 1.30 3,493.8 2.549 1.840 2.420 2.320 5200 UOADEV 2.410 0.030 199.8 2.403 9.72 6.22 4,446.1 0.285 0.105 — — 6378 WMG 0.170 — — — — — 72.4 1.000 0.910 — — 7003 Y&G 0.910 — — — 17.30 — 181.4 1.660 1.040 1.300 1.250 3158 YNHPROP 1.300 0.060 477.8 1.285 22.15 0.54 687.7 1.600 0.300 0.370 0.360 7066 YONGTAI 0.370 -0.005 3138.3 0.364 22.56 — 179.7 0.525 0.370 0.400 0.400 2577 YTLLAND 0.400 UNCH 15.6 0.400 — — 337.7TRANSPORTATION & LOGISTICS 9.926 7.260 8.070 7.920 5014 AIRPORT 8.040 -0.010 5272 8.027 19.93 1.62 13,339.9 2.028 1.182 1.310 1.290 8133 BHIC 1.310 0.010 8.2 1.291 — 2.67 325.5 5.909 4.410 — — 5032 BIPORT 4.410 — — — 19.47 3.17 2,028.6 0.490 0.330 — — 7187 CHGP 0.345 — — — 17.42 — 102.5 0.978 0.385 0.485 0.480 7117 CJCEN 0.485 -0.005 211.3 0.484 15.11 3.09 191.2 0.740 0.535 0.705 0.700 5136 COMPLET 0.705 0.005 106 0.703 7.56 — 87.6 0.605 0.280 0.435 0.425 5259 EATECH 0.430 UNCH 598.8 0.433 1.88 — 216.7 0.803 0.505 0.560 0.560 7210 FREIGHT 0.560 UNCH 534.5 0.560 8.01 5.95 156.4 0.645 0.255 0.300 0.295 0078 GDEX 0.295 UNCH 1064.8 0.297 71.95 0.68 1,652.8 0.450 0.280 0.320 0.310 7676 GUNUNG 0.320 0.020 58 0.315 16.67 — 75.6 0.858 0.611 — — 2062 HARBOUR 0.690 — — — 7.45 1.45 276.3 0.130 0.030 0.065 0.060 7013 HUBLINE 0.060 -0.005 19723 0.062 — — 229.1 0.790 0.450 — — 5614 ILB 0.450 — — — — — 87.8 5.781 3.557 4.530 4.390 6645 LITRAK 4.480 -0.120 110.4 4.499 10.32 4.46 2,365.3 0.200 0.055 0.070 0.070 5078 M&G 0.070 UNCH 42.6 0.070 — 71.43 50.7 0.710 0.410 0.625 0.620 5077 MAYBULK 0.620 -0.005 360.6 0.624 — — 620.0 7.252 4.917 6.700 6.380 3816 MISC 6.650 -0.050 1835.6 6.639 28.50 4.51 29,684.2 1.973 0.825 0.860 0.845 2194 MMCCORP 0.850 UNCH 409 0.853 13.73 4.71 2,588.3 0.520 0.200 — — 9806 NATWIDE 0.250 — — — — — 30.8 0.140 0.025 0.035 0.035 6254 PDZ 0.035 UNCH 50 0.035 — — 23.9 4.957 1.550 1.900 1.870 4634 POS 1.880 UNCH 241 1.879 54.65 4.26 1,471.6 1.260 0.295 0.405 0.405 8346 PRKCORP 0.405 0.005 2 0.405 — — 40.5 0.190 0.090 0.115 0.105 5145 SEALINK 0.110 -0.005 300.7 0.110 — — 55.0 1.426 0.940 — — 7053 SEEHUP 0.940 — — — — 3.35 75.6 1.535 1.203 1.500 1.410 6521 SURIA 1.450 UNCH 79.3 1.469 8.00 2.01 501.4 0.405 0.210 0.270 0.260 5173 SYSCORP 0.270 UNCH 320 0.262 16.17 — 324.0 0.395 0.180 0.240 0.240 5149 TAS 0.240 UNCH 5 0.240 17.91 — 43.2 2.110 0.990 1.200 1.180 5140 TASCO 1.200 0.020 8 1.183 11.42 3.75 240.0

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

WEDNESDAY JANUARY 30, 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)

1.260 0.720 0.730 0.720 8397 TNLOGIS 0.720 -0.010 60.8 0.725 12.20 2.78 331.8 1.150 0.350 — — 7218 TOCEAN 0.850 — — — — — 34.8 3.950 3.003 3.850 3.770 5246 WPRTS 3.800 0.010 702.8 3.799 21.64 3.51 12,958.0 1.240 0.620 0.850 0.800 5267 XINHWA 0.845 0.030 2496.9 0.822 24.49 1.18 182.5PLANTATION 0.220 0.140 0.150 0.150 7054 AASIA 0.150 0.005 20 0.150 — — 99.0 19.161 16.200 17.000 16.880 1899 BKAWAN 17.000 0.100 31.1 16.94 14.67 3.24 7,411.2 8.269 6.700 — — 5069 BLDPLNT 7.000 — — — 128.68 0.43 654.5 1.295 0.655 0.955 0.935 5254 BPLANT 0.940 -0.010 128.4 0.941 — 10.49 2,105.6 0.808 0.530 0.630 0.600 8982 CEPAT 0.600 UNCH 10.1 0.600 13.99 3.33 191.1 7.833 6.343 6.670 6.670 1929 CHINTEK 6.670 -0.330 1 6.670 8.45 2.70 609.4 0.595 0.435 0.490 0.480 3948 DUTALND 0.480 -0.005 29.6 0.481 — — 406.1 3.459 1.973 — — 5029 FAREAST 2.790 — — — 1.43 1.64 1,656.8 2.070 0.630 1.030 0.990 5222 FGV 1.010 0.015 17303.2 1.009 — 5.20 3,684.6 10.400 9.002 10.400 10.080 2291 GENP 10.300 0.040 319.6 10.27 30.84 1.38 8,301.2 0.570 0.335 — — 7382 GLBHD 0.375 — — — — 2.67 83.6 1.100 0.550 — — 2135 GOPENG 0.740 — — — 35.92 3.61 199.1 0.650 0.340 — — 7501 HARNLEN 0.455 — — — — — 84.4 2.545 1.610 1.920 1.820 5138 HSPLANT 1.920 0.100 80.9 1.869 22.25 3.91 1,536.0 2.610 1.300 1.660 1.640 2216 IJMPLNT 1.650 UNCH 80.3 1.650 — 3.03 1,453.0 0.754 0.610 0.630 0.625 2607 INCKEN 0.630 UNCH 181 0.628 — 1.73 265.1 1.120 0.605 0.700 0.700 6262 INNO 0.700 -0.005 3 0.700 16.39 7.14 335.2 4.757 4.100 4.660 4.550 1961 IOICORP 4.630 -0.020 4969.5 4.609 28.20 1.94 29,097.0 1.098 0.430 0.595 0.575 4383 JTIASA 0.585 -0.010 746.2 0.583 — 0.85 569.6 25.809 23.106 24.740 24.200 2445 KLK 24.500 -0.220 472 24.48 34.64 1.84 26,153.9 4.432 3.496 3.720 3.720 2453 KLUANG 3.720 0.040 3 3.720 88.36 0.27 235.0 1.453 1.130 1.270 1.250 5027 KMLOONG 1.270 0.010 74.3 1.260 17.45 4.72 1,188.0 0.880 0.365 0.410 0.400 1996 KRETAM 0.405 0.005 109.3 0.404 — 2.47 942.7 1.550 0.800 — — 6572 KWANTAS 0.900 — — — — — 280.5 1.086 0.760 — — 4936 MALPAC 0.840 — — — — 11.90 63.0 0.823 0.560 — — 5026 MHC 0.660 — — — 12.29 3.03 129.7 2.000 1.780 — — 5047 NPC 1.830 — — — — 0.55 219.6 3.859 3.110 3.400 3.220 2038 NSOP 3.400 UNCH 3.1 3.226 10.36 1.76 238.7 0.690 0.140 0.340 0.330 1902 PINEPAC 0.330 -0.010 34 0.334 — — 49.4 1.120 0.650 — — 9695 PLS 0.900 — — — — — 294.0 0.370 0.140 0.200 0.195 5113 RSAWIT 0.195 -0.005 40 0.200 — — 276.6 3.954 2.981 3.100 3.100 2542 RVIEW 3.100 UNCH 0.9 3.100 33.81 1.94 201.0 3.461 2.740 3.000 3.000 2569 SBAGAN 3.000 -0.010 6.8 3.000 26.50 0.67 199.0 0.610 0.320 — — 4316 SHCHAN 0.445 — — — — — 58.7 5.596 3.950 5.160 5.030 5285 SIMEPLT 5.110 -0.070 3117.7 5.126 42.23 — 35,180.2 3.807 1.960 2.700 2.620 5126 SOP 2.620 -0.130 114.4 2.658 14.49 2.29 1,495.7 1.800 1.455 — — 5135 SWKPLNT 1.590 — — — — 3.14 445.2 3.297 1.882 2.520 2.450 5012 TAANN 2.470 -0.050 34.7 2.485 14.95 4.05 1,098.8 0.475 0.145 0.185 0.180 2054 TDM 0.180 UNCH 1020.8 0.181 — 2.78 302.9 1.030 0.455 0.590 0.580 5112 THPLANT 0.580 -0.020 46.8 0.580 — 6.21 512.6 1.633 0.960 1.160 1.140 9059 TSH 1.150 UNCH 410 1.153 30.10 1.74 1,589.1 6.505 5.101 5.500 5.490 2593 UMCCA 5.500 UNCH 40.7 5.500 51.07 1.45 1,153.2 28.062 25.000 26.800 26.080 2089 UTDPLT 26.200 -0.600 6.9 26.43 14.07 1.53 5,453.1TELECOMMUNICATIONS & MEDIA 0.175 0.075 — — 0159 AMEDIA 0.155 — — — — — 37.1 0.700 0.610 — — 7031 AMTEL 0.655 — — — — — 35.5 2.433 1.026 1.680 1.630 6399 ASTRO 1.650 -0.020 4875.4 1.654 16.35 6.97 8,603.6 5.653 3.200 4.140 3.960 6888 AXIATA 3.960 -0.180 9340.5 3.996 — 2.15 35,923.0 0.375 0.120 0.230 0.175 6025 BJMEDIA 0.230 UNCH 0.3 0.212 — — 54.1 4.785 3.844 4.640 4.570 6947 DIGI 4.610 0.010 4367.5 4.601 23.26 4.25 35,842.8 0.405 0.180 0.250 0.250 0059 ECOHLDS 0.250 -0.010 20 0.250 — — 40.7 0.560 0.280 0.320 0.310 0082 GPACKET 0.320 0.005 167.5 0.320 — — 288.4 5.929 5.102 5.780 5.660 6012 MAXIS 5.760 UNCH 2380.9 5.753 21.69 3.47 45,023.9 0.695 0.250 0.385 0.370 4502 MEDIA 0.380 UNCH 306.5 0.381 — — 421.5 0.465 0.181 0.210 0.205 5090 MEDIAC 0.205 -0.005 189.7 0.206 0.90 7.37 345.9 0.884 0.400 0.580 0.555 0172 OCK 0.575 0.005 10387.3 0.569 20.76 1.74 501.1 0.528 0.330 0.430 0.365 7190 PPG 0.370 UNCH 23.3 0.428 75.51 1.35 37.0 0.600 0.200 0.215 0.205 5252 SASBADI 0.210 UNCH 2462.1 0.211 43.75 3.19 88.0 0.860 0.530 — — 9431 SJC 0.620 — — — 52.99 — 25.1 1.333 0.620 0.710 0.695 6084 STAR 0.700 UNCH 323.7 0.700 — 17.14 517.0 8.805 7.060 8.300 8.170 5031 TIMECOM 8.170 UNCH 129.9 8.201 17.87 0.65 4,768.8 6.078 2.110 2.910 2.830 4863 TM 2.880 0.010 2801.9 2.867 30.09 7.47 10,822.9 0.510 0.085 — — 5754 UTUSAN 0.130 — — — — — 14.4TECHNOLOGY 0.700 0.610 — — 7031 AMTEL 0.655 — — — — — 35.5 0.265 0.120 0.140 0.140 5195 CENSOF 0.140 UNCH 54 0.140 — — 70.2 0.600 0.130 0.220 0.200 0051 CUSCAPI 0.220 0.015 8514.7 0.207 — — 189.0 0.993 0.542 0.715 0.705 7204 D&O 0.710 -0.010 1728.3 0.710 23.83 1.17 783.3 0.325 0.175 0.220 0.215 8338 DATAPRP 0.220 -0.005 85.7 0.216 — — 92.7 0.125 0.040 0.050 0.050 0029 DIGISTA 0.050 0.005 260 0.050 — — 32.9 0.510 0.195 0.260 0.250 4456 DNEX 0.255 -0.010 4290.5 0.256 8.98 1.96 448.3 1.145 0.285 0.490 0.445 5216 DSONIC 0.450 -0.045 17393 0.458 12.64 7.78 607.5 0.840 0.335 0.570 0.540 5036 EDARAN 0.540 -0.015 872.8 0.550 4.38 — 32.4 1.489 0.324 0.520 0.490 0065 EFORCE 0.495 -0.005 783.1 0.503 30.00 3.03 205.2 1.476 0.895 1.140 1.110 0090 ELSOFT 1.110 -0.030 351.5 1.118 17.40 3.00 739.1 0.983 0.341 0.790 0.770 0128 FRONTKN 0.780 -0.005 5153.4 0.777 18.84 0.90 821.7 0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 1.860 1.030 1.700 1.700 0021 GHLSYS 1.700 UNCH 553.5 1.700 53.13 — 1,254.6 0.560 0.280 0.320 0.310 0082 GPACKET 0.320 0.005 167.5 0.320 — — 288.4 0.238 0.180 0.190 0.190 0056 GRANFLO 0.190 UNCH 60.2 0.190 9.79 3.16 91.8 2.859 1.390 1.930 1.860 7022 GTRONIC 1.870 -0.050 589.7 1.882 17.03 1.07 1,251.1 1.160 0.340 0.870 0.820 5028 HTPADU 0.855 UNCH 2425.2 0.844 — — 86.5 2.506 1.220 1.530 1.470 0166 INARI 1.490 -0.020 9635.5 1.506 17.35 4.34 4,718.4 0.420 0.250 0.285 0.280 0192 INTA 0.285 0.005 253 0.280 1.79 — 152.5 0.220 0.070 0.095 0.095 9393 ITRONIC 0.095 UNCH 70.1 0.095 — — 9.8 0.434 0.155 0.185 0.180 5161 JCY 0.185 -0.005 224.9 0.183 — 16.22 384.2 20.573 7.360 8.800 8.660 9334 KESM 8.660 -0.240 42.9 8.683 12.18 2.14 372.5 0.245 0.095 0.115 0.110 0143 KEYASIC 0.110 -0.005 1256.3 0.114 20.37 — 104.6 3.341 1.358 2.400 2.350 5286 MI 2.380 -0.020 91.2 2.369 18.17 — 1,190.0 1.361 0.660 0.800 0.790 0113 MMSV 0.795 -0.005 61.2 0.793 14.35 2.01 162.0 13.087 7.363 10.020 9.920 3867 MPI 9.950 -0.050 143 9.975 12.73 2.91 2,088.3 1.930 0.950 1.660 1.590 5011 MSNIAGA 1.640 UNCH 144.1 1.611 8.03 3.05 99.1 3.030 0.655 1.010 0.980 0138 MYEG 0.990 -0.010 11508.9 0.995 47.14 1.72 3,570.2 0.778 0.507 0.645 0.630 0083 NOTION 0.630 UNCH 754.2 0.641 4.70 1.59 209.9 0.540 0.335 0.395 0.380 9008 OMESTI 0.395 0.005 694.2 0.387 — — 188.4 0.315 0.190 0.235 0.230 0041 PANPAGE 0.230 -0.010 5009.8 0.232 — — 61.1 3.870 1.700 2.910 2.820 7160 PENTA 2.900 0.040 1419.4 2.894 18.87 — 918.1 1.790 0.255 0.330 0.310 5204 PRESBHD 0.315 -0.015 7627.2 0.318 31.19 5.40 152.5 0.500 0.240 0.340 0.320 9075 THETA 0.320 -0.015 113.2 0.321 — — 34.3 0.050 0.010 0.015 0.015 0118 TRIVE 0.015 UNCH 1567 0.015 — — 32.0 0.200 0.105 — — 4359 TURIYA 0.135 — — — — — 30.9 3.300 1.574 3.030 2.960 5005 UNISEM 2.990 0.010 230.1 2.997 20.95 2.84 2,194.2 8.492 5.046 6.800 6.500 0097 VITROX 6.640 -0.190 49.1 6.629 32.28 0.72 3,124.7 1.253 0.907 0.955 0.955 5162 VSTECS 0.955 -0.015 3 0.955 6.15 5.24 171.9 0.648 0.415 0.500 0.450 0008 WILLOW 0.500 0.030 127 0.483 19.92 2.00 248.0UTILITIES 0.444 0.090 0.115 0.110 7471 EDEN 0.110 UNCH 610 0.111 — — 42.9 2.960 2.543 2.820 2.800 5209 GASMSIA 2.800 UNCH 9.1 2.811 17.42 4.82 3,595.2 2.060 1.051 1.350 1.330 5843 KPS 1.340 UNCH 223.4 1.340 — 3.17 720.1 1.012 0.745 0.870 0.835 5264 MALAKOF 0.870 0.010 3559.9 0.850 1.78 6.67 4,350.0 3.850 2.990 3.850 3.640 3069 MFCB 3.830 0.160 1155.6 3.768 12.09 1.04 1,598.8 1.275 1.020 1.190 1.190 5041 PBA 1.190 UNCH 14 1.190 11.23 3.36 394.2 20.000 15.928 17.840 17.520 6033 PETGAS 17.780 0.040 2481.7 17.76 17.78 3.88 35,181.9 1.309 0.608 1.210 1.190 5272 RANHILL 1.200 0.010 353.6 1.205 15.89 6.67 1,066.0 0.359 0.220 0.235 0.225 8567 SALCON 0.230 -0.005 2376.6 0.229 — 3.48 194.8 0.883 0.417 0.840 0.830 8524 TALIWRK 0.835 -0.010 96.1 0.837 38.84 5.75 1,683.2 15.787 12.520 13.680 13.460 5347 TENAGA 13.500 -0.080 4258.8 13.51 12.98 4.91 76,773.0 1.494 0.882 1.160 1.140 4677 YTL 1.150 -0.010 1742.1 1.148 35.17 3.48 12,547.1 1.236 0.694 0.900 0.880 6742 YTLPOWR 0.880 -0.020 1076.4 0.888 11.38 5.68 7,179.2CLOSED-END FUNDS 2.850 2.340 2.400 2.380 5108 ICAP 2.390 -0.010 18 2.391 38.99 — 334.6EXCHANGE TRADED FUNDS 1.190 1.147 — — 0800EA ABFMY1 1.158 — — — — 4.02 1,433.5 5.410 5.320 5.340 5.320 0829EA CHINAETF-MYR 5.330 -0.080 873.4 5.330 — — 2.6 2.100 1.735 — — 0822EA CIMBA40 1.890 — — — — 3.60 5.1 1.820 1.450 1.555 1.535 0823EA CIMBC50 1.555 0.015 16.5 1.549 — — 11.1 1.960 1.750 1.780 1.780 0820EA FBMKLCI-EA 1.780 UNCH 0.8 1.780 — 1.85 3.0 1.770 1.600 — — 0828EA GOLDETF 1.760 — — — — — 44.2 1.075 0.940 — — 0826EA METFAPA 1.050 — — — — — 18.9 0.885 0.795 — — 0825EA METFSID 0.826 — — — — 1.83 72.7 1.100 0.900 — — 0827EA METFUS50 1.000 — — — — — 13.0 1.250 1.060 — — 0821EA MYETFDJ 1.115 — — — — 2.14 307.6 1.210 1.085 — — 0824EA MYETFID 1.155 — — — — 2.43 53.6REAL ESTATE INVESTMENT TRUSTS 0.830 0.675 — — 4952 AHP 0.740 — — — 8.74 6.96 162.8 1.390 1.030 1.390 1.370 5116 ALAQAR 1.370 -0.010 0.7 1.374 11.70 3.75 1,008.3 0.921 0.765 0.800 0.795 5269 ALSREIT 0.795 0.005 318.6 0.797 12.23 5.76 461.1 0.625 0.515 0.525 0.515 5120 AMFIRST 0.520 UNCH 295.6 0.517 30.59 7.60 356.9 0.863 0.778 0.835 0.830 5127 ARREIT 0.830 UNCH 37 0.833 3.26 7.22 475.8 1.150 1.005 1.150 1.150 5130 ATRIUM 1.150 0.010 0.4 1.150 7.47 7.04 140.1 1.810 1.135 1.760 1.740 5106 AXREIT 1.740 -0.010 1661 1.749 13.84 5.02 2,152.9 1.293 0.940 1.070 1.060 5180 CMMT 1.060 UNCH 153.8 1.063 13.95 7.64 2,166.8 1.218 1.090 1.130 1.110 5121 HEKTAR 1.120 UNCH 576.9 1.119 12.23 8.93 517.4 1.810 1.382 1.800 1.770 5227 IGBREIT 1.780 -0.030 6966.3 1.780 18.80 5.16 6,292.0 0.842 0.624 0.800 0.780 5280 KIPREIT 0.800 0.020 457.6 0.791 11.11 8.19 404.2 7.960 6.538 7.940 7.750 5235SS KLCC 7.750 -0.130 182.5 7.878 19.30 4.39 13,991.3 1.160 0.953 1.120 1.110 5123 MQREIT 1.120 0.010 363.3 1.119 16.40 7.06 1,200.4 1.770 1.280 1.770 1.740 5212 PAVREIT 1.750 UNCH 1216.3 1.752 19.57 4.93 5,314.2 1.800 1.403 1.790 1.760 5176 SUNREIT 1.770 -0.030 5781.6 1.770 12.39 5.30 5,212.8 1.126 0.876 — — 5111 TWRREIT 0.895 — — — 47.86 4.58 251.0 1.507 1.285 1.390 1.360 5110 UOAREIT 1.360 -0.030 201 1.376 9.99 6.71 575.1 1.280 1.017 1.270 1.260 5109 YTLREIT 1.260 -0.010 510.3 1.266 9.01 6.05 2,147.5SPAC 0.72 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3 0.510 0.460 — — 5270 RSENA 0.505 — — — — — 505.0ENERGY 0.195 0.060 0.100 0.090 5115 ALAM 0.095 -0.005 945 0.095 — — 87.8 0.950 0.145 0.215 0.205 5210 ARMADA 0.210 -0.005 59430.5 0.210 — — 1,232.9 0.345 0.040 0.090 0.080 7251 BARAKAH 0.090 0.005 7678.1 0.086 — — 75.2 0.720 0.205 0.720 0.600 5257 CARIMIN 0.715 0.115 22316.1 0.674 — — 167.2 1.350 0.735 — — 5071 COASTAL 0.845 — — — — 2.37 449.2 0.095 0.005 0.015 0.010 0091 DAYA 0.015 0.005 3215.7 0.010 — — 30.6 0.920 0.500 0.585 0.565 5141 DAYANG 0.570 -0.015 1009.2 0.573 48.72 — 549.9 1.340 0.875 1.080 1.060 5132 DELEUM 1.080 UNCH 78.6 1.075 13.04 4.17 433.2 3.637 2.440 3.060 2.930 7277 DIALOG 3.020 UNCH 5554.9 3.013 36.70 1.06 17,037.8 0.535 0.215 0.345 0.330 7253 HANDAL 0.330 -0.005 15 0.330 — — 52.8 15.646 4.510 4.880 4.850 4324 HENGYUAN 4.860 -0.020 123.3 4.866 6.20 0.41 1,458.0 1.360 0.705 0.950 0.935 5199 HIBISCS 0.935 -0.020 7399.2 0.940 5.06 — 1,485.0 0.620 0.130 0.205 0.190 2739 HUAAN 0.195 -0.005 7791.2 0.197 5.40 — 218.9 0.270 0.060 0.085 0.080 5255 ICON 0.085 UNCH 769.5 0.085 — — 100.1

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

0.255 0.070 0.095 0.085 7164 KNM 0.085 -0.005 42785.6 0.090 — — 201.4 0.865 0.495 0.660 0.645 5186 MHB 0.650 -0.010 224.2 0.651 — 4.62 1,040.0 0.820 0.315 — — 5133 PENERGY 0.380 — — — — 5.26 122.3 0.455 0.175 0.225 0.220 7108 PERDANA 0.225 -0.005 1906.7 0.222 — — 175.2 0.075 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3 11.844 6.010 6.840 6.700 3042 PETRONM 6.780 0.010 33.2 6.777 5.24 3.69 1,830.6 0.520 0.210 0.295 0.280 5256 REACH 0.285 -0.010 3492.5 0.288 — — 312.5 0.910 0.265 0.285 0.265 5218 SAPNRG 0.270 -0.015 426421 0.276 — — 4,314.4 0.249 0.040 0.045 0.045 7158 SCOMI 0.045 UNCH 1751.6 0.045 — — 49.2 0.135 0.030 0.050 0.045 7045 SCOMIES 0.050 0.005 294 0.045 — — 117.1 4.256 2.815 3.770 3.700 5279 SERBADK 3.750 0.010 671.8 3.745 14.96 1.95 5,506.9 0.105 0.005 0.010 0.005 1201 SUMATEC 0.005 -0.005 2459.6 0.006 — — 21.3 0.665 0.300 0.400 0.385 7228 T7GLOBAL 0.400 0.015 358.4 0.394 37.38 — 167.8 0.110 0.025 0.035 0.035 7206 THHEAVY 0.035 -0.005 1651 0.035 — — 39.2 1.570 0.550 0.760 0.730 7250 UZMA 0.760 0.010 42.2 0.751 15.97 — 243.2 0.355 0.165 0.215 0.200 5243 VELESTO 0.200 -0.005 7059.9 0.205 — — 1,643.1 1.710 0.595 0.800 0.755 5142 WASEONG 0.760 -0.030 189.1 0.777 4.17 — 588.9 4.905 3.597 4.310 4.090 7293 YINSON 4.310 0.210 283.9 4.193 20.03 1.39 4,711.9

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 0.425 0.415 0098 BAHVEST 0.415 -0.010 905.4 0.419 26.60 — 507.0 0.275 0.190 0.205 0.200 0179 BIOHLDG 0.200 Unch 312.9 0.200 12.58 0.55 172.0 0.350 0.210 0.235 0.230 0205 DPIH 0.230 -0.005 463.9 0.230 7.37 — 111.9 0.310 0.120 0.145 0.140 0116 FOCUS 0.145 -0.005 1801.9 0.143 — — 296.1 0.259 0.144 — — 0157 FOCUSP 0.200 — — — 9.26 5.00 33.0 0.165 0.085 0.095 0.095 0074 GOCEAN 0.095 -0.005 20 0.095 — — 27.5 0.160 0.040 0.045 0.040 0170 KANGER 0.045 0.005 246 0.042 8.04 — 40.2 0.205 0.125 0.150 0.150 0180 KTC 0.150 -0.005 75 0.150 — — 76.5 0.210 0.105 0.115 0.110 0182 LKL 0.115 0.005 219.9 0.111 — 3.04 49.3 0.780 0.280 0.450 0.440 0201 NOVA 0.445 -0.005 211 0.446 16.73 4.04 141.4 0.200 0.110 0.130 0.120 0153 OVERSEA 0.120 -0.010 30.4 0.130 — — 29.6 0.180 0.075 0.080 0.075 0022 PARLO 0.080 Unch 71 0.079 0.50 — 29.1 0.350 0.235 0.295 0.295 0171 PLABS 0.295 -0.015 75 0.295 16.03 2.03 63.3 0.550 0.433 0.520 0.500 0158 SCC 0.520 Unch 20 0.519 10.10 6.54 73.4 0.300 0.135 0.135 0.135 0140 STERPRO 0.135 Unch 30 0.135 — — 43.4 0.315 0.130 0.170 0.170 0148 SUNZEN 0.170 Unch 525 0.170 77.27 1.76 89.3 0.393 0.190 0.315 0.305 0197 WEGMANS 0.315 0.005 439.5 0.309 15.99 1.59 157.5 0.065 0.030 0.040 0.035 0095 XINGHE 0.040 Unch 33 0.040 — — 102.9INDUSTRIAL PRODUCTS & SERVICES 0.300 0.210 — — 0122 AIM 0.280 — — — — — 74.5 0.147 0.060 0.080 0.075 0105 ASIAPLY 0.075 -0.005 71 0.075 250.00 6.67 33.5 0.110 0.045 0.045 0.045 0072 AT 0.045 -0.005 12.5 0.045 — — 20.9 0.250 0.140 0.200 0.195 0187 BCMALL 0.200 Unch 267.3 0.196 12.20 — 84.3 0.300 0.185 0.185 0.185 0163 CAREPLS 0.185 Unch 323 0.185 — — 98.3 0.205 0.105 0.120 0.115 0102 CONNECT 0.120 0.010 792 0.115 — — 39.5 0.346 0.170 — — 0190 ESAFE 0.210 — — — 41.18 8.57 50.5 0.237 0.105 — — 0100 ESCERAM 0.165 — — — 1650.0 3.64 33.9 0.614 0.336 0.450 0.440 0039 GFM 0.440 -0.010 66.5 0.442 19.91 2.09 207.2 0.260 0.115 0.135 0.125 0175 HHGROUP 0.135 0.005 390.3 0.128 — — 45.8 0.125 0.080 — — 0160 HHHCORP 0.090 — — — 16.98 — 30.0 0.300 0.130 — — 0188 HLT 0.140 — — — — — 71.7 0.100 0.035 0.080 0.070 0024 JAG 0.080 0.005 18763.3 0.075 44.44 2.38 121.3 0.304 0.185 0.205 0.200 0193 KAB 0.205 0.005 252.5 0.200 7.48 4.88 65.6 0.215 0.105 — — 0167 MCLEAN 0.135 — — — — — 24.1 0.260 0.135 0.185 0.175 0081 MEGASUN 0.185 Unch 291.5 0.180 21.02 — 41.0 0.165 0.050 0.060 0.060 0177 PASUKGB 0.060 -0.005 94.2 0.060 — — 48.7 0.340 0.120 — — 0038 PTB 0.130 — — — — — 24.2 0.380 0.165 0.220 0.215 0196 QES 0.220 0.005 838 0.217 11.28 — 166.8 0.180 0.055 0.065 0.055 0133 SANICHI 0.060 0.005 14175.8 0.060 — — 66.5 0.235 0.090 0.130 0.130 0161 SCH 0.130 Unch 623 0.130 — — 72.2 0.745 0.280 0.700 0.675 0001 SCOMNET 0.685 0.010 2077.4 0.688 34.77 — 440.5 0.188 0.115 0.150 0.135 0028 SCOPE 0.150 -0.005 9.3 0.142 — 3.33 84.1 0.180 0.080 0.090 0.080 0055 SERSOL 0.090 Unch 480.7 0.085 — — 19.4 0.559 0.254 0.310 0.300 0084 TECFAST 0.305 Unch 266.6 0.301 17.63 3.28 69.6 0.788 0.510 0.555 0.525 0089 TEXCYCL 0.550 0.010 58 0.540 13.78 1.82 140.9 0.415 0.220 0.315 0.305 0162 WIDAD 0.310 Unch 3263.2 0.311 — — 760.9 0.195 0.125 — — 0025 YBS 0.145 — — — 18.13 — 35.1TECHNOLOGY 0.513 0.190 0.245 0.240 0181 AEMULUS 0.240 -0.010 565.6 0.241 25.00 0.83 131.7 0.385 0.090 0.105 0.095 0119 APPASIA 0.105 0.010 200.1 0.099 87.50 — 36.3 0.535 0.130 0.245 0.235 0068 ASDION 0.240 -0.005 1484.1 0.239 — — 27.9 0.548 0.351 0.420 0.400 0195 BINACOM 0.420 0.015 2203.2 0.411 10.37 2.38 109.2 0.484 0.200 0.210 0.210 0191 CABNET 0.210 Unch 144.5 0.210 9.38 4.52 37.5 0.185 0.098 0.140 0.135 0152 DGB 0.135 0.005 7340.1 0.135 — — 102.1 0.250 0.080 0.085 0.080 0131 DGSB 0.080 -0.005 50.1 0.085 — — 59.7 0.040 0.010 0.020 0.015 0154 EAH 0.015 -0.005 6504 0.015 — — 76.1 0.180 0.015 0.025 0.020 0107 EDUSPEC 0.020 Unch 70721 0.022 — — 20.0 2.040 1.110 1.750 1.750 0104 GENETEC 1.750 -0.010 15 1.750 8.60 1.43 73.0 0.100 0.045 — — 0045 GNB 0.060 — — — — — 17.3 0.120 0.020 — — 0174 IDMENSN 0.025 — — — — — 6.8 0.388 0.185 0.210 0.205 0023 IFCAMSC 0.205 -0.010 1298.2 0.209 18.47 2.44 124.7 0.120 0.055 0.100 0.095 0094 INIX 0.095 -0.005 4143.4 0.099 — — 24.6 0.230 0.115 0.140 0.130 0010 IRIS 0.135 Unch 59250.5 0.135 — — 400.4 1.070 0.590 0.750 0.725 0146 JFTECH 0.725 -0.015 4 0.738 102.11 1.66 152.2 1.656 0.696 0.880 0.870 0127 JHM 0.875 Unch 365.6 0.874 14.76 1.93 487.9 0.292 0.108 0.230 0.220 0111 K1 0.220 -0.015 1959.7 0.226 220.00 — 160.4 0.145 0.040 0.045 0.045 0036 KGROUP 0.045 Unch 352.5 0.045 — — 23.4 0.860 0.430 0.610 0.590 0176 KRONO 0.600 -0.005 1622.3 0.602 13.25 — 239.3 0.270 0.115 — — 0018 LAMBO 0.130 — — — 13.54 — 273.3 0.615 0.310 0.360 0.340 0075 LYC 0.350 -0.005 322 0.346 — — 113.7 0.145 0.045 0.055 0.050 0017 M3TECH 0.055 Unch 301.1 0.051 — — 32.3 0.370 0.205 — — 0155 MGRC 0.265 — — — — — 27.4 0.705 0.335 0.525 0.510 0126 MICROLN 0.525 0.020 31 0.512 — — 87.9 0.440 0.190 0.235 0.230 0112 MIKROMB 0.230 -0.005 67.4 0.232 21.90 4.35 99.1 0.080 0.035 — — 0085 MLAB 0.050 — — — — — 33.5 0.310 0.160 0.225 0.210 0034 MMAG 0.225 0.010 325 0.212 — — 143.0 0.090 0.040 — — 0103 MNC 0.050 — — — — — 23.9 0.225 0.100 0.120 0.115 0156 MPAY 0.115 0.005 421 0.115 — — 81.7 0.070 0.025 0.030 0.030 0070 MQTECH 0.030 0.005 5 0.030 — — 14.9 0.175 0.070 0.080 0.075 0092 MTOUCHE 0.075 -0.005 162.6 0.075 — — 38.1 1.274 0.623 0.960 0.945 0108 N2N 0.945 -0.015 130.8 0.950 29.81 4.23 565.0 0.050 0.010 0.020 0.015 0020 NETX 0.020 Unch 1181 0.015 — — 56.0 0.070 0.010 0.020 0.015 0096 NEXGRAM 0.015 -0.005 1114.8 0.015 — — 31.1 0.205 0.080 0.120 0.110 0026 NOVAMSC 0.120 0.005 2547.7 0.115 52.17 — 90.2 1.152 0.320 0.610 0.600 0035 OPCOM 0.605 -0.005 223 0.605 11.18 5.37 97.6 0.375 0.256 0.325 0.315 0040 OPENSYS 0.315 -0.005 249.5 0.317 9.63 3.97 93.8 0.160 0.040 0.150 0.140 0079 ORION 0.140 -0.005 3868.7 0.144 — — 83.9 0.730 0.240 — — 0006 PINEAPP 0.285 — — — 259.09 — 13.8 0.150 0.045 0.060 0.060 0123 PRIVA 0.060 Unch 263 0.060 — — 33.5 1.504 0.474 1.140 1.070 0200 REVENUE 1.120 -0.020 2710.4 1.114 32.65 — 249.6 0.743 0.525 — — 0106 REXIT 0.600 — — — 13.76 5.00 113.6 0.650 0.230 0.250 0.240 0202 RGTECH 0.250 0.010 346.6 0.244 22.12 — 131.3 0.350 0.090 0.105 0.100 0178 SEDANIA 0.105 -0.005 639.6 0.100 — 9.52 23.7 0.560 0.370 0.465 0.455 0203 SMETRIC 0.455 -0.010 688.8 0.460 18.42 — 110.8 0.225 0.095 0.120 0.120 0117 SMRT 0.120 Unch 9.6 0.120 0.47 — 48.8 0.260 0.055 0.070 0.055 0169 SMTRACK 0.070 0.010 2170.2 0.069 — — 10.3 0.230 0.080 0.105 0.100 0093 SOLUTN 0.105 0.005 87.1 0.100 — — 32.2 0.285 0.150 — — 0129 SRIDGE 0.250 — — — 17.01 — 34.1 0.345 0.180 0.240 0.215 0050 SYSTECH 0.215 Unch 72.6 0.223 39.09 — 74.8 0.145 0.090 0.110 0.105 0132 TDEX 0.110 0.005 677 0.106 — — 64.9 0.210 0.085 0.095 0.095 0145 TFP 0.095 Unch 65 0.095 — — 19.5 0.510 0.200 0.270 0.260 0005 UCREST 0.260 -0.010 4876.7 0.263 5.01 — 120.6 0.220 0.130 0.160 0.150 0060 VC 0.155 Unch 1540.5 0.155 70.45 — 47.3 0.795 0.290 0.460 0.435 0120 VIS 0.440 -0.015 1384.9 0.442 9.07 — 74.4 0.104 0.015 0.025 0.020 0069 VIVOCOM 0.020 Unch 1623.5 0.020 — — 113.3 0.145 0.085 0.140 0.135 0066 VSOLAR 0.135 Unch 7304.1 0.137 — — 52.1 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0 0.180 0.100 0.120 0.110 0086 YGL 0.120 Unch 20.1 0.114 — — 27.9TELECOMMUNICATIONS & MEDIA 0.548 0.351 0.420 0.400 0195 BINACOM 0.420 0.015 2203.2 0.411 10.37 2.38 109.2 0.880 0.530 — — 0147 INNITY 0.630 — — — 38.65 — 87.4 0.145 0.045 0.055 0.050 0017 M3TECH 0.055 Unch 301.1 0.051 — — 32.3 0.090 0.040 — — 0103 MNC 0.050 — — — — — 23.9 0.175 0.070 0.080 0.075 0092 MTOUCHE 0.075 -0.005 162.6 0.075 — — 38.1 0.070 0.010 0.020 0.015 0096 NEXGRAM 0.015 -0.005 1114.8 0.015 — — 31.1 1.152 0.320 0.610 0.600 0035 OPCOM 0.605 -0.005 223 0.605 11.18 5.37 97.6 0.150 0.045 0.060 0.060 0123 PRIVA 0.060 Unch 263 0.060 — — 33.5 0.290 0.090 0.095 0.090 0007 PUC 0.090 Unch 4108.8 0.091 — — 182.1 0.360 0.150 0.195 0.195 0032 REDTONE 0.195 -0.005 31.6 0.195 17.11 — 147.9 0.435 0.160 — — 0173 REV 0.210 — — — — — 28.3 0.350 0.090 0.105 0.100 0178 SEDANIA 0.105 -0.005 639.6 0.100 — 9.52 23.7 0.285 0.150 — — 0129 SRIDGE 0.250 — — — 17.01 — 34.1 0.115 0.050 0.055 0.055 0165 XOX 0.055 Unch 829.5 0.055 — — 60.1FINANCIAL SERVICES 0.170 0.045 0.060 0.060 0150 FINTEC 0.060 Unch 35 0.060 — — 36.5 0.630 0.455 — — 0053 OSKVI 0.525 — — — — 9.52 103.7HEALTH CARE 0.300 0.185 0.185 0.185 0163 CAREPLS 0.185 Unch 323 0.185 — — 98.3 0.210 0.105 0.115 0.110 0182 LKL 0.115 0.005 219.9 0.111 — 3.04 49.3 0.370 0.205 — — 0155 MGRC 0.265 — — — — — 27.4 0.780 0.280 0.450 0.440 0201 NOVA 0.445 -0.005 211 0.446 16.73 4.04 141.4TRANSPORTATION & LOGISTICS 0.135 0.060 — — 0048 ANCOMLB 0.085 — — — — — 40.2 0.285 0.210 0.220 0.215 0080 STRAITS 0.220 Unch 32 0.215 24.18 — 123.2 0.559 0.295 0.410 0.385 0199 TRIMODE 0.395 0.005 379.8 0.392 12.66 2.53 65.6CONSTRUCTION 0.438 0.220 0.275 0.270 0198 GDB 0.275 Unch 880 0.270 5.24 3.64 171.9 0.400 0.235 0.240 0.235 0206 NADIBHD 0.235 -0.005 1837.4 0.236 2.89 — 177.0 0.035 0.010 — — 0109 SCBUILD 0.020 — — — 14.29 — 17.7PLANTATION 0.105 0.065 0.075 0.070 0189 MATANG 0.070 Unch 126 0.072 38.89 2.86 126.7UTILITIES 0.345 0.199 0.235 0.235 0011 BTECH 0.235 -0.010 193 0.235 14.24 6.81 59.2

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

WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY 2 8

Bursa Malaysia Equity Derivatives

0.395 0.015 0.050 0.050 70322 A50CHIN-C22 0.050 -0.015 90 6.559 7.338 13.01 29/03/2019 0.605 0.135 0.330 0.295 70324 A50CHIN-C24 0.330 0.020 2672.8 6.559 6.289 3.44 29/03/2019 0.325 0.185 — — 70326 A50CHIN-C26 0.270 — — 6.559 6.184 6.64 25/06/2019 0.205 0.075 — — 70330 A50CHIN-C30 0.115 — — 6.559 7.600 18.49 28/06/2019 0.435 0.190 0.380 0.350 70332 A50CHIN-C32 0.375 0.015 5311.6 6.559 6.551 8.46 28/06/2019 0.505 0.250 0.280 0.260 70327 A50CHIN-H27 0.260 -0.015 198.7 6.559 6.289 1.83 28/06/2019 0.145 0.005 — — 523819 AAX-C19 0.005 — — 0.315 0.410 32.06 18/02/2019 0.210 0.045 0.080 0.070 5238WA AAX-WA 0.075 0.005 5996.6 0.315 0.460 69.84 08/06/2020 0.110 0.030 — — 2488CX ABMB-CX 0.035 — — 4.230 4.280 6.15 27/02/2019 0.110 0.015 — — 6599CN AEON-CN 0.015 — — 1.470 2.500 74.15 28/02/2019 0.175 0.035 0.045 0.035 6599CO AEON-CO 0.040 -0.005 522.4 1.470 1.650 17.69 31/07/2019 0.130 0.050 — — 6599CP AEON-CP 0.050 — — 1.470 1.700 25.85 30/05/2019 0.150 0.010 0.045 0.025 509965 AIRASIAC65 0.040 Unch 1703.3 3.130 3.126 3.21 28/02/2019 0.270 0.035 0.240 0.225 509967 AIRASIAC67 0.225 0.005 987.1 3.130 2.605 1.96 30/04/2019 0.175 0.020 0.070 0.065 509968 AIRASIAC68 0.065 0.005 5310.3 3.130 3.387 14.34 29/03/2019 0.135 0.025 0.135 0.120 509969 AIRASIAC69 0.125 0.010 2099.3 3.130 2.953 5.78 29/03/2019 0.085 0.020 0.085 0.080 509970 AIRASIAC70 0.085 0.010 282.4 3.130 3.083 7.93 04/04/2019 0.180 0.030 0.180 0.165 509971 AIRASIAC71 0.170 0.005 910.4 3.130 2.822 4.32 31/07/2019 0.280 0.085 0.280 0.260 509972 AIRASIAC72 0.270 0.010 606 3.130 2.518 6.68 28/06/2019 0.325 0.130 0.325 0.315 509973 AIRASIAC73 0.325 0.020 56.8 3.130 2.432 4.74 20/05/2019 0.440 0.180 0.440 0.415 509974 AIRASIAC74 0.440 0.030 15.1 3.130 2.171 5.99 28/06/2019 0.215 0.135 0.215 0.210 509975 AIRASIAC75 0.210 0.005 390 3.130 2.692 9.32 13/06/2019 0.120 0.115 0.120 0.115 509976 AIRASIAC76 0.120 0.005 2400 3.130 3.050 16.61 31/07/2019 0.150 0.135 0.150 0.140 509977 AIRASIAC77 0.145 0.010 1283 3.130 3.400 21.13 31/07/2019 0.135 0.010 — — 5014C1 AIRPORT-C1 0.010 — — 8.040 9.000 13.18 31/01/2019 0.105 0.055 — — 5014C4 AIRPORT-C4 0.070 — — 8.040 8.350 11.69 30/09/2019 0.145 0.090 0.095 0.090 5014C5 AIRPORT-C5 0.095 -0.010 60 8.040 9.300 23.35 28/06/2019 0.205 0.145 0.150 0.145 5014C6 AIRPORT-C6 0.145 Unch 1016.9 8.040 8.300 19.47 23/10/2019 0.165 0.120 0.125 0.125 5014C7 AIRPORT-C7 0.125 -0.005 0.4 8.040 8.180 14.18 28/06/2019 0.190 0.005 — — 5014CZ AIRPORT-CZ 0.005 — — 2.767 9.000 226.44 31/01/2019 0.185 0.085 0.100 0.100 7609WA AJIYA-WA 0.100 0.010 100 0.535 0.920 90.65 28/08/2021 0.235 0.050 — — 101510 AMBANK-C10 0.195 — — 4.420 4.200 6.05 31/05/2019 0.210 0.160 — — 101511 AMBANK-C11 0.180 — — 4.420 4.100 9.05 31/05/2019 0.185 0.110 0.145 0.145 101512 AMBANK-C12 0.145 -0.010 599.6 4.420 4.250 9.28 30/05/2019 0.110 0.105 0.110 0.105 101513 AMBANK-C13 0.105 -0.195 654.6 4.420 5.000 21.44 31/07/2019 0.105 0.005 — — 6556CP ANNJOO-CP 0.005 — — 1.320 2.300 75.95 31/01/2019 0.275 0.030 0.040 0.040 0119WA APPASIA-WA 0.040 Unch 85 0.105 0.130 61.90 23/12/2024 0.090 0.090 — — 7007WB ARK-WB 0.090 — — 0.380 1.000 186.84 30/06/2021 0.030 0.005 — — 521048 ARMADA-C48 0.005 — — 0.210 0.555 169.05 30/05/2019 0.045 0.010 0.020 0.015 521049 ARMADA-C49 0.020 Unch 920 0.210 0.500 157.14 17/06/2019 0.150 0.005 0.030 0.030 521050 ARMADA-C50 0.030 Unch 150 0.210 0.400 116.19 28/06/2019 0.170 0.005 0.015 0.010 0068WB ASDION-WB 0.010 0.005 1153.3 0.240 0.500 112.50 24/03/2019 0.090 0.035 — — 4057WB ASIAPAC-WB 0.050 — — 0.120 0.250 150.00 25/05/2022 0.075 0.015 0.025 0.025 0105WA ASIAPLY-WA 0.025 0.010 118.4 0.075 0.100 66.67 13/12/2020 0.070 0.020 — — 0105WB ASIAPLY-WB 0.030 — — 0.075 0.100 73.33 12/12/2022 0.170 0.080 0.165 0.160 639910 ASTRO-C10 0.165 -0.005 4100 1.650 1.500 15.91 25/06/2019 0.150 0.070 0.145 0.145 639911 ASTRO-C11 0.145 -0.005 1.2 1.650 1.600 23.33 17/06/2019 0.130 0.050 0.130 0.125 639912 ASTRO-C12 0.125 0.040 20 1.650 1.500 13.64 31/05/2019 0.140 0.035 — — 6399C8 ASTRO-C8 0.035 — — 1.650 2.200 39.70 31/01/2019 0.250 0.140 0.190 0.175 7579WA AWC-WA 0.190 0.010 246.8 0.695 0.880 53.96 25/12/2023 0.155 0.010 0.025 0.025 688828 AXIATA-C28 0.025 -0.015 100 3.960 4.750 22.47 31/05/2019 0.180 0.020 — — 688829 AXIATA-C29 0.035 — — 3.960 5.000 29.80 18/03/2019 0.115 0.030 — — 688831 AXIATA-C31 0.040 — — 3.960 4.880 28.28 04/04/2019 0.200 0.140 0.175 0.175 688833 AXIATA-C33 0.175 -0.015 110.8 3.960 3.600 13.01 28/06/2019 0.180 0.095 0.160 0.160 688834 AXIATA-C34 0.160 -0.020 5 3.960 3.450 7.32 30/08/2019 0.180 0.130 — — 688835 AXIATA-C35 0.175 — — 3.960 4.200 23.74 17/06/2019 0.195 0.170 — — 688836 AXIATA-C36 0.195 — — 3.960 3.750 21.78 23/10/2019 0.392 0.085 0.140 0.140 7078WA AZRB-WA 0.140 0.015 0.1 0.330 0.630 133.33 13/05/2024 0.550 0.170 0.250 0.245 0098WA BAHVEST-WA 0.245 -0.010 323 0.415 0.430 62.65 20/08/2024 0.225 0.190 0.215 0.215 4162CN BAT-CN 0.215 -0.010 50 38.00 40.00 25.07 23/10/2019 0.110 0.070 0.090 0.090 5248C1 BAUTO-C1 0.090 -0.005 135 2.210 2.200 11.76 31/05/2019 0.215 0.140 0.190 0.190 5248CZ BAUTO-CZ 0.190 -0.005 100 2.210 2.000 7.69 25/06/2019 0.325 0.115 0.230 0.200 5258WA BIMB-WA 0.215 Unch 420.7 3.840 4.720 28.52 04/12/2023 0.100 0.025 0.040 0.040 6998WA BINTAI-WA 0.040 Unch 60.1 0.135 0.200 77.78 15/06/2020 0.150 0.075 0.095 0.090 0179WA BIOHLDG-WA 0.090 -0.005 1171 0.200 0.220 55.00 05/01/2022 0.150 0.045 0.055 0.055 3239WB BJASSET-WB 0.055 Unch 4.2 0.280 0.350 44.64 10/06/2023 0.060 0.030 0.035 0.030 339511 BJCORP-C11 0.035 Unch 258.1 0.285 0.310 21.05 25/06/2019 0.100 0.035 0.055 0.055 3395WB BJCORP-WB 0.055 0.005 300 0.285 1.000 270.18 22/04/2022 0.040 0.010 0.020 0.020 7036WC BORNOIL-WC 0.020 0.005 1000 0.040 0.070 125.00 08/11/2025 0.155 0.115 0.145 0.145 181821 BURSA-C21 0.145 -0.005 200 7.390 7.500 13.26 23/10/2019 0.120 0.030 — — 0191WA CABNET-WA 0.040 — — 0.210 0.500 157.14 02/07/2021 0.925 0.370 — — 7154WA CAELY-WA 0.600 — — 0.980 0.380 0.00 22/04/2021 0.255 0.015 0.015 0.015 7076WA CBIP-WA 0.015 -0.005 253 1.130 2.400 113.72 06/11/2019 0.330 0.070 0.105 0.100 7035WA CCK-WA 0.105 0.005 328.2 0.450 0.900 123.33 18/06/2023 0.110 0.005 0.010 0.005 5195WB CENSOF-WB 0.005 -0.005 167 0.140 0.460 232.14 07/10/2019 0.285 0.150 — — 7187WA CHGP-WA 0.205 — — 0.345 0.200 17.39 07/07/2023 0.480 0.280 0.410 0.365 5738WB CHHB-WB 0.400 0.020 192.8 1.570 1.200 1.91 20/12/2023 0.110 0.025 — — 102340 CIMB-C40 0.025 — — 5.670 6.900 24.78 29/03/2019 0.130 0.090 — — 102342 CIMB-C42 0.090 — — 5.670 6.380 22.05 31/05/2019 0.140 0.050 0.050 0.050 102343 CIMB-C43 0.050 Unch 20 5.670 6.600 20.55 30/04/2019 0.145 0.080 0.080 0.080 102344 CIMB-C44 0.080 -0.010 0.4 5.670 6.500 21.69 20/05/2019 0.170 0.110 0.115 0.115 102345 CIMB-C45 0.115 0.005 1205 5.670 5.700 12.70 28/06/2019 0.045 0.025 — — 7018WA CME-WA 0.035 — — 0.040 0.010 12.50 01/05/2028 0.095 0.080 — — 285214 CMSB-C14 0.085 — — 3.050 3.500 34.26 28/06/2019 0.165 0.095 0.130 0.130 285215 CMSB-C15 0.130 0.010 50 3.050 3.000 19.67 30/05/2019 0.105 0.050 — — 0102WA CONNECT-WA 0.050 — — 0.120 0.100 25.00 17/09/2021 0.110 0.035 — — 0102WB CONNECT-WB 0.035 — — 0.120 0.100 12.50 07/06/2021 0.505 0.200 0.260 0.200 8125WB DAIBOCI-WB 0.260 0.035 55.3 1.640 2.500 68.29 19/06/2022 0.340 0.100 0.210 0.200 5276WA DANCO-WA 0.205 -0.010 158.8 0.445 0.300 13.48 22/05/2022 0.020 0.005 0.010 0.005 7179WB DBE-WB 0.010 Unch 1.5 0.030 0.050 100.00 22/01/2022 0.160 0.030 0.080 0.070 3484WA DBHD-WA 0.075 -0.010 566.3 0.365 0.580 79.45 27/11/2020 0.075 0.030 0.030 0.030 0152WB DGB-WB 0.030 Unch 101.1 0.135 0.120 11.11 27/06/2021 0.200 0.015 0.020 0.020 727733 DIALOG-C33 0.020 -0.010 250 3.020 3.400 14.24 29/03/2019 0.115 0.035 — — 727735 DIALOG-C35 0.040 — — 3.020 4.000 37.09 29/03/2019 0.125 0.040 — — 727736 DIALOG-C36 0.050 — — 3.020 3.550 25.83 28/06/2019 0.145 0.025 0.045 0.040 727737 DIALOG-C37 0.045 -0.010 600.2 3.020 3.500 20.36 31/07/2019 0.035 0.035 — — 727738 DIALOG-C38 0.035 — — 3.020 3.800 29.88 30/05/2019 0.135 0.035 — — 727739 DIALOG-C39 0.055 — — 3.020 3.500 22.27 20/05/2019 0.220 0.075 0.105 0.095 727740 DIALOG-C40 0.105 Unch 100 3.020 3.300 19.01 28/06/2019 0.125 0.070 — — 727741 DIALOG-C41 0.100 — — 3.020 3.250 19.21 25/06/2019 0.150 0.025 0.060 0.055 694724 DIGI-C24 0.055 -0.020 0.9 4.610 4.750 6.62 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 0.135 0.135 694726 DIGI-C26 0.135 0.005 400 4.610 4.500 9.33 25/06/2019 0.145 0.110 0.135 0.135 694727 DIGI-C27 0.135 Unch 1.2 4.610 4.880 16.11 17/06/2019 0.300 0.060 — — 694728 DIGI-C28 0.070 — — 4.610 5.000 15.75 28/06/2019 0.160 0.095 — — 3026CB DLADY-CB 0.095 — — 62.197 67.000 15.36 28/02/2019 0.210 0.055 0.080 0.075 4456WD DNEX-WD 0.075 -0.005 1403.9 0.255 0.500 125.49 30/07/2021 0.280 0.060 0.075 0.070 7169WA DOMINAN-WA 0.075 -0.010 250 1.270 1.300 8.27 10/09/2020 0.055 0.015 — — 7198WB DPS-WB 0.030 — — 0.065 0.100 100.00 15/01/2025 0.265 0.020 0.020 0.020 161960 DRBHCOMC60 0.020 -0.005 150 1.670 1.950 20.36 30/04/2019 0.170 0.025 — — 161961 DRBHCOMC61 0.055 — — 1.670 2.700 71.56 18/02/2019 0.185 0.070 0.075 0.070 161968 DRBHCOMC68 0.075 Unch 3000 1.670 1.900 28.59 28/06/2019 0.110 0.100 0.100 0.100 161970 DRBHCOMC70 0.100 -0.005 238.2 1.670 1.800 19.76 31/10/2019 0.095 0.005 — — 521610 DSONIC-C10 0.005 — — 0.450 1.000 124.44 31/01/2019 0.300 0.050 0.090 0.085 5216WA DSONIC-WA 0.085 -0.005 3699.4 0.450 1.090 161.11 05/07/2023 0.025 0.005 0.010 0.005 0154WD EAH-WD 0.010 0.005 7194.7 0.015 0.050 300.00 25/10/2022 0.020 0.005 0.010 0.005 0154WE EAH-WE 0.010 Unch 31.3 0.015 0.035 200.00 22/04/2023 0.130 0.035 0.065 0.065 3557WC ECOFIRS-WC 0.065 0.015 110 0.295 0.300 23.73 10/09/2019 0.380 0.070 0.115 0.110 5253WA ECONBHD-WA 0.115 Unch 567.7 0.480 1.250 184.38 02/01/2023 0.105 0.015 — — 8206CQ ECOWLD-CQ 0.015 — — 0.920 1.350 50.00 29/03/2019 0.035 0.030 — — 8206CS ECOWLD-CS 0.035 — — 0.920 1.500 72.17 30/04/2019 0.375 0.165 0.190 0.180 8206WA ECOWLD-WA 0.190 Unch 12.5 0.920 2.080 146.74 26/03/2022 0.150 0.030 0.040 0.040 7471WB EDEN-WB 0.040 Unch 0.5 0.110 0.300 209.09 13/08/2021 1.200 0.110 0.175 0.155 0065WA EFORCE-WA 0.165 Unch 1274.1 0.495 0.340 2.02 17/07/2019 0.365 0.130 0.145 0.140 8907WC EG-WC 0.140 -0.005 168 0.455 0.500 40.66 03/11/2020 0.125 0.010 — — 8877CP EKOVEST-CP 0.010 — — 0.525 0.650 27.62 31/01/2019 0.075 0.035 0.050 0.050 8877CT EKOVEST-CT 0.050 -0.005 160 0.525 0.500 14.29 30/04/2019 0.695 0.045 0.070 0.060 8877WB EKOVEST-WB 0.060 -0.010 1647.1 0.525 0.480 2.86 25/06/2019 0.185 0.005 — — 5283CM EWINT-CM 0.005 — — 0.720 0.950 33.33 31/01/2019 0.340 0.100 0.130 0.125 5283WA EWINT-WA 0.125 -0.005 584 0.720 1.450 118.75 02/04/2022 0.210 0.015 — — 3689CC F&N-CC 0.035 — — 34.200 33.000 0.58 31/01/2019 0.480 0.030 0.045 0.040 7047WB FAJAR-WB 0.045 Unch 316.2 0.360 0.700 106.94 24/09/2019 0.100 0.055 0.070 0.070 06505N FBMKLCI-C5N 0.070 -0.010 300 1,690 1,680 2.28 31/05/2019 0.090 0.045 0.055 0.055 06505O FBMKLCI-C5O 0.055 -0.005 1000 1,690 1,700 2.85 28/06/2019 0.080 0.075 0.075 0.075 06505R FBMKLCI-C5R 0.075 -0.005 50 1,690 1,690 3.08 31/07/2019 0.225 0.070 0.130 0.115 06506H FBMKLCI-H6H 0.130 0.010 940 1,690 1,780 10.69 28/02/2019 0.495 0.260 0.290 0.290 06506J FBMKLCI-H6J 0.290 0.015 50 1,690 1,760 9.26 28/02/2019 0.295 0.115 0.200 0.200 06506K FBMKLCI-H6K 0.200 -0.005 20 1,690 1,820 15.95 29/03/2019 0.185 0.105 0.130 0.130 06506L FBMKLCI-H6L 0.130 Unch 20 1,690 1,788 13.46 31/05/2019 0.280 0.170 0.185 0.185 06506M FBMKLCI-H6M 0.185 -0.015 99.5 1,690 1,800 14.15 30/04/2019 0.555 0.375 0.395 0.395 06506O FBMKLCI-H6O 0.395 0.020 340 1,690 1,740 9.94 30/04/2019 0.190 0.070 0.085 0.075 06506P FBMKLCI-H6P 0.085 -0.005 203.6 1,690 1,680 2.90 31/05/2019 0.185 0.095 0.100 0.095 06506Q FBMKLCI-H6Q 0.095 -0.010 730 1,690 1,700 4.50 28/06/2019 0.555 0.385 0.405 0.405 06506S FBMKLCI-H6S 0.405 0.020 40 1,690 1,690 7.17 31/05/2019 0.115 0.110 0.110 0.110 06506T FBMKLCI-H6T 0.110 Unch 100 1,690 1,690 4.53 31/07/2019 0.125 0.005 0.005 0.005 522254 FGV-C54 0.005 Unch 10 1.010 1.650 64.85 28/02/2019 0.100 0.003 0.005 0.005 522255 FGV-C55 0.005 Unch 35 0.995 1.500 51.76 30/04/2019

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

0.080 0.005 0.005 0.005 522258 FGV-C58 0.005 Unch 50 0.995 1.700 71.86 28/06/2019 0.025 0.005 0.015 0.005 522260 FGV-C60 0.005 -0.020 0.2 0.995 1.500 51.76 15/04/2019 0.120 0.005 0.025 0.020 522261 FGV-C61 0.025 -0.005 6042.5 1.010 1.350 41.09 30/04/2019 0.085 0.030 0.070 0.065 522262 FGV-C62 0.065 -0.005 60 1.010 1.200 38.12 23/10/2019 0.155 0.040 0.130 0.120 522263 FGV-C63 0.125 Unch 17210.4 1.010 0.950 16.34 28/06/2019 0.210 0.120 0.185 0.175 522264 FGV-C64 0.180 0.005 1547.5 1.010 0.780 12.87 30/08/2019 0.165 0.110 0.140 0.130 522265 FGV-C65 0.135 0.005 2851.8 1.010 0.950 18.12 02/08/2019 0.265 0.185 0.225 0.215 522266 FGV-C66 0.215 Unch 52.6 1.010 0.800 11.14 31/07/2019 0.350 0.220 0.300 0.275 522267 FGV-C67 0.300 0.020 761.5 1.010 0.800 8.91 31/10/2019 0.075 0.020 — — 0150WB FINTEC-WB 0.020 — — 0.060 0.150 183.33 03/12/2022 0.090 0.015 0.030 0.030 9318WB FITTERS-WB 0.030 -0.005 486.5 0.425 1.000 142.35 12/10/2019 0.182 0.070 — — 0116WC FOCUS-WC 0.095 — — 0.145 0.050 0.00 06/11/2019 0.080 0.020 — — 9377WA FSBM-WA 0.025 — — 0.095 0.300 242.11 16/05/2022 0.800 0.500 — — 7184WA G3-WA 0.770 — — 0.720 0.100 20.83 02/10/2022 0.465 0.075 0.115 0.105 9261WB GADANG-WB 0.105 -0.010 299 0.565 1.060 106.19 29/11/2021 0.075 0.005 — — 539848 GAMUDA-C48 0.005 — — 2.700 5.300 97.41 31/01/2019 0.038 0.003 — — 539853 GAMUDA-C53 0.005 — — 1.340 4.500 237.31 31/05/2019 0.115 0.005 — — 539854 GAMUDA-C54 0.005 — — 1.430 3.800 167.48 01/03/2019 0.120 0.015 — — 539855 GAMUDA-C55 0.015 — — 2.700 4.600 72.87 28/02/2019 0.060 0.015 0.040 0.040 539857 GAMUDA-C57 0.040 Unch 50 2.700 3.500 34.07 31/07/2019 0.105 0.050 0.080 0.080 539858 GAMUDA-C58 0.080 0.005 40 2.700 2.800 21.48 30/04/2019 0.175 0.070 0.155 0.150 539859 GAMUDA-C59 0.150 0.020 355.6 2.700 2.350 9.26 30/08/2019 0.130 0.065 0.105 0.100 539860 GAMUDA-C60 0.105 0.005 561.2 2.700 2.880 26.11 17/06/2019 0.105 0.045 0.090 0.085 539861 GAMUDA-C61 0.085 Unch 950 2.700 3.200 31.11 31/05/2019 0.115 0.055 0.090 0.090 539862 GAMUDA-C62 0.090 Unch 90 2.700 2.500 12.59 13/06/2019 0.125 0.120 0.125 0.125 539863 GAMUDA-C63 0.125 0.005 1274.4 2.700 3.100 33.33 31/07/2019 1.260 0.125 0.250 0.240 5398WE GAMUDA-WE 0.240 Unch 330.3 2.700 4.050 58.89 06/03/2021 0.410 0.135 0.230 0.205 5226WB GBGAQRS-WB 0.210 -0.025 3263.2 0.885 1.120 50.28 26/09/2023 0.425 0.035 0.060 0.055 0078WB GDEX-WB 0.055 -0.005 281 0.295 0.383 48.31 05/02/2020 0.085 0.005 0.005 0.005 471541 GENM-C41 0.005 -0.005 100 1.600 5.050 217.19 31/07/2019 0.125 0.030 0.040 0.040 471542 GENM-C42 0.040 Unch 410 3.210 4.600 48.91 28/06/2019 0.085 0.040 0.050 0.045 471543 GENM-C43 0.045 -0.005 30 3.210 3.900 28.50 25/06/2019 0.085 0.050 0.065 0.065 471544 GENM-C44 0.065 0.005 500.4 3.210 4.000 34.74 28/06/2019 0.165 0.105 0.135 0.135 471545 GENM-C45 0.135 Unch 30 3.210 2.900 11.37 13/06/2019 0.150 0.100 0.125 0.125 471546 GENM-C46 0.125 0.005 3062 3.210 3.400 25.39 31/07/2019 0.155 0.100 0.125 0.120 471547 GENM-C47 0.125 0.005 1510 3.210 3.200 17.21 25/06/2019 0.135 0.105 0.110 0.110 471548 GENM-C48 0.110 0.005 2671.2 3.210 3.180 17.91 02/08/2019 0.215 0.170 0.180 0.175 471549 GENM-C49 0.175 Unch 1120 3.210 3.100 18.38 31/07/2019 0.175 0.145 0.150 0.145 471550 GENM-C50 0.150 Unch 927.5 3.210 3.150 12.15 31/10/2019 0.115 0.115 0.115 0.115 471551 GENM-C51 0.115 -0.035 400 3.210 3.350 18.69 31/07/2019 2.500 1.490 2.500 2.380 2291WA GENP-WA 2.400 0.010 32.3 10.300 7.750 -1.46 17/06/2019 0.175 0.010 0.125 0.120 318257 GENTINGC57 0.120 0.005 877 6.890 7.700 20.46 28/06/2019 0.105 0.025 0.095 0.080 318258 GENTINGC58 0.095 0.015 2399 6.890 7.250 14.88 30/09/2019 0.115 0.090 0.115 0.115 318259 GENTINGC59 0.115 0.005 600 6.890 7.200 14.51 25/06/2019 0.150 0.085 0.145 0.140 318260 GENTINGC60 0.145 0.005 1.6 6.890 7.180 15.78 28/06/2019 0.135 0.065 0.135 0.125 318261 GENTINGC61 0.125 0.005 310.1 6.890 6.600 8.49 13/06/2019 0.175 0.090 0.170 0.165 318262 GENTINGC62 0.170 0.010 2999.6 6.890 7.000 13.44 28/06/2019 0.170 0.050 0.075 0.075 5220WA GLOTEC-WA 0.075 Unch 4.2 0.500 0.720 59.00 19/12/2021 0.050 0.005 0.005 0.005 0074WA GOCEAN-WA 0.005 Unch 55 0.095 0.340 263.16 07/08/2019 0.100 0.050 0.065 0.065 0082WB GPACKET-WB 0.065 Unch 106.4 0.320 0.400 45.31 24/11/2023 0.040 0.015 0.020 0.020 7096WA GPA-WA 0.020 Unch 24 0.085 0.100 41.18 03/06/2025 0.235 0.015 0.020 0.020 7022CR GTRONIC-CR 0.020 0.005 60 1.870 2.280 26.20 29/03/2019 0.085 0.030 0.070 0.070 7022CW GTRONIC-CW 0.070 -0.015 50 1.870 2.200 30.75 28/06/2019 0.170 0.040 0.055 0.050 7676WB GUNUNG-WB 0.055 0.005 106.1 0.320 0.400 42.19 02/10/2020 0.065 0.035 0.040 0.040 3034CX HAPSENG-CX 0.040 -0.010 102 9.830 10.000 4.98 31/07/2019 0.240 0.005 0.005 0.005 516811 HARTA-C11 0.005 Unch 36.5 1.540 7.000 355.84 29/03/2019 0.100 0.015 0.020 0.015 516818 HARTA-C18 0.020 Unch 372.2 5.580 7.000 27.96 31/07/2019 0.120 0.080 0.110 0.105 516819 HARTA-C19 0.105 Unch 600 5.580 6.500 29.66 30/08/2019 0.170 0.145 0.150 0.145 516820 HARTA-C20 0.150 0.005 740 5.580 5.800 20.07 31/07/2019 0.305 0.060 0.090 0.085 5072WB HIAPTEK-WB 0.085 -0.005 433 0.280 0.500 108.93 23/06/2021 0.180 0.015 0.025 0.020 5199CK HIBISCS-CK 0.020 -0.005 6006 0.935 1.200 33.05 18/03/2019 0.195 0.015 0.030 0.030 5199CL HIBISCS-CL 0.030 -0.005 115.2 0.935 0.980 12.83 01/03/2019 0.125 0.040 0.065 0.065 5199CN HIBISCS-CN 0.065 -0.010 330 0.935 1.100 35.03 25/06/2019 0.065 0.035 0.050 0.045 5199CP HIBISCS-CP 0.045 -0.010 120 0.935 1.200 40.37 13/06/2019 0.130 0.105 0.115 0.105 5199CQ HIBISCS-CQ 0.105 -0.010 1880 0.935 0.900 24.33 30/08/2019 0.115 0.095 0.095 0.095 5199CR HIBISCS-CR 0.095 -0.010 3274 0.935 1.080 35.83 02/08/2019 0.665 0.200 0.450 0.430 5199WC HIBISCS-WC 0.440 -0.015 9320.6 0.935 1.000 54.01 19/03/2021 0.075 0.035 0.045 0.045 5819CN HLBANK-CN 0.045 -0.005 100 20.720 21.000 5.69 31/07/2019 0.165 0.045 0.050 0.050 0188WA HLT-WA 0.050 Unch 7.2 0.140 0.200 78.57 27/12/2022 0.700 0.140 0.185 0.185 0185WA HSSEB-WA 0.185 Unch 10 0.985 1.700 91.37 15/03/2023 0.075 0.005 0.010 0.010 7013WB HUBLINE-WB 0.010 Unch 34.4 0.060 0.200 250.00 20/12/2020 0.025 0.010 0.020 0.020 7013WC HUBLINE-WC 0.020 -0.005 164 0.060 0.055 25.00 17/12/2023 0.155 0.060 0.120 0.115 522510 IHH-C10 0.115 -0.005 620 5.580 5.400 9.14 28/06/2019 0.080 0.015 0.045 0.045 5225C7 IHH-C7 0.045 -0.020 130.6 5.580 6.000 10.75 31/05/2019 0.175 0.045 0.070 0.065 333620 IJM-C20 0.065 -0.010 886 1.760 1.880 17.90 29/03/2019 0.130 0.020 0.055 0.050 333621 IJM-C21 0.050 -0.005 0.4 1.760 2.000 20.03 31/05/2019 0.120 0.025 0.045 0.045 16627 INARI-C27 0.045 -0.005 1400 1.490 1.900 37.18 28/06/2019 0.105 0.050 0.080 0.080 16629 INARI-C29 0.080 -0.005 0.8 1.490 1.900 43.62 28/06/2019 0.085 0.045 0.070 0.070 16630 INARI-C30 0.070 -0.010 40 1.490 1.800 34.90 13/06/2019 0.135 0.095 0.120 0.115 16631 INARI-C31 0.120 Unch 20.6 1.490 1.280 14.09 02/08/2019 0.155 0.105 0.140 0.130 16632 INARI-C32 0.130 -0.005 1970 1.490 1.500 25.10 31/07/2019 0.295 0.200 0.255 0.255 16633 INARI-C33 0.255 -0.035 0.4 1.490 1.300 12.92 31/10/2019 0.095 0.090 0.090 0.090 16634 INARI-C34 0.090 Unch 900 1.490 1.500 24.83 31/07/2019 2.010 0.710 0.980 0.965 0166WB INARI-WB 0.965 -0.015 31.7 1.490 0.533 0.56 17/02/2020 0.070 0.020 0.030 0.030 0094WA INIX-WA 0.030 Unch 518.4 0.095 0.100 36.84 16/11/2020 0.330 0.040 0.075 0.075 3379WB INSAS-WB 0.075 Unch 1 0.750 1.000 43.33 25/02/2020 0.110 0.035 0.095 0.080 196119 IOICORP-C19 0.085 0.035 1.5 4.630 4.550 3.78 31/05/2019 0.340 0.175 0.230 0.220 5249CV IOIPG-CV 0.230 Unch 100 1.540 1.350 10.06 25/06/2019 0.035 0.005 0.010 0.005 0024WA JAG-WA 0.010 0.005 1050 0.080 0.100 37.50 14/08/2019 0.030 0.005 0.015 0.015 0024WB JAG-WB 0.015 Unch 51 0.080 0.150 106.25 15/11/2020 0.355 0.150 0.275 0.260 4723WB JAKS-WB 0.260 -0.015 258 0.515 0.640 74.76 13/12/2023 0.110 0.050 0.095 0.085 0111WC K1-WC 0.090 Unch 1852.3 0.220 0.300 77.27 30/12/2021 0.040 0.015 0.020 0.020 3115WC KBUNAI-WC 0.020 Unch 0.5 0.105 0.131 43.81 20/10/2023 0.460 0.140 0.210 0.205 7161WB KERJAYA-WB 0.205 Unch 48.9 1.240 1.600 45.56 28/02/2023 0.765 0.200 0.635 0.610 0151WA KGB-WA 0.620 -0.010 1092.8 1.150 0.500 -2.61 12/06/2019 0.030 0.010 0.010 0.010 0036WB KGROUP-WB 0.010 Unch 125 0.045 0.200 366.67 01/05/2020 0.095 0.010 0.030 0.020 7017WB KOMARK-WB 0.025 Unch 1656.6 0.190 0.230 34.21 21/01/2020 0.145 0.020 0.020 0.020 7153CY KOSSAN-CY 0.020 -0.005 30 3.840 4.750 26.82 26/03/2019 0.780 0.125 0.180 0.175 9385WA LAYHONG-WA 0.175 -0.005 739.5 0.400 0.400 43.75 13/10/2021 0.220 0.030 0.055 0.055 8745WB LEWEKO-WB 0.055 0.005 40 0.145 0.200 75.86 08/09/2020 0.157 0.039 0.055 0.055 7126WA LONBISC-WA 0.055 Unch 20.2 0.570 0.800 50.00 26/01/2020 0.085 0.030 0.035 0.035 5068WB LUSTER-WB 0.035 -0.005 50 0.080 0.100 68.75 26/05/2023 0.125 0.010 0.020 0.020 8583WC MAHSING-WC 0.020 Unch 376 0.935 2.100 126.74 21/02/2020 0.065 0.010 0.025 0.025 526415 MALAKOFC15 0.025 Unch 23.8 0.870 1.000 17.82 28/06/2019 0.080 0.020 0.025 0.025 526416 MALAKOFC16 0.025 -0.005 10 0.870 0.950 13.51 29/03/2019 0.105 0.040 0.060 0.050 526418 MALAKOFC18 0.060 0.005 749.2 0.870 0.900 13.79 25/06/2019 0.145 0.075 0.110 0.105 526419 MALAKOFC19 0.105 -0.005 520 0.870 0.800 12.47 31/07/2019 0.340 0.105 0.160 0.140 5236WA MATRIX-WA 0.160 Unch 181.1 1.940 2.400 31.96 20/07/2020 0.180 0.080 0.110 0.110 115543 MAYBANKC43 0.110 0.005 295.2 9.690 9.000 0.83 30/04/2019 0.105 0.025 0.025 0.025 115544 MAYBANKC44 0.025 Unch 100 9.690 10.900 14.29 29/03/2019 0.070 0.010 0.015 0.015 115546 MAYBANKC46 0.015 Unch 392.4 9.690 10.000 4.75 28/06/2019 0.155 0.125 0.145 0.140 115549 MAYBANKC49 0.145 Unch 1120 9.690 9.500 7.77 31/07/2019 0.135 0.120 0.135 0.130 115550 MAYBANKC50 0.135 Unch 70 9.690 9.200 4.70 25/06/2019 0.150 0.115 0.135 0.130 115551 MAYBANKC51 0.135 -0.005 0.4 9.690 9.500 7.09 28/06/2019 0.640 0.250 0.290 0.250 5152WA MBL-WA 0.250 -0.045 17 1.050 0.800 0.00 28/11/2022 0.085 0.040 0.055 0.050 117117 MBSB-C17 0.055 Unch 680.7 0.995 1.010 8.42 31/07/2019 0.105 0.060 0.070 0.070 117119 MBSB-C19 0.070 Unch 1.2 0.995 1.000 14.57 20/05/2019 0.160 0.060 0.070 0.070 0081WA MEGASUN-WA 0.070 Unch 20 0.185 0.100 -8.11 29/04/2019 0.200 0.015 0.020 0.015 1694WB MENANG-WB 0.015 -0.005 1120.4 0.365 0.550 54.79 09/07/2019 0.170 0.050 0.080 0.080 7234WA MESB-WA 0.080 Unch 276.8 0.255 0.300 49.02 27/12/2022 1.990 1.010 1.710 1.590 3069WA MFCB-WA 1.680 0.040 360.9 3.830 2.220 1.83 08/04/2020 0.165 0.125 0.165 0.130 3662WC MFLOUR-WC 0.160 0.030 16150.7 0.505 0.680 66.34 23/01/2024 1.180 0.180 0.180 0.180 7595WA MGB-WA 0.180 -0.030 2.5 0.685 0.500 -0.73 27/10/2019 0.106 0.035 0.065 0.055 5576WC MINHO-WC 0.065 0.005 209.9 0.275 0.320 40.00 02/08/2021 0.140 0.095 0.100 0.095 381620 MISC-C20 0.100 -0.005 110 6.650 7.500 23.31 31/07/2019 0.150 0.135 0.145 0.135 381621 MISC-C21 0.145 Unch 273.6 6.650 7.000 23.80 26/11/2019 0.257 0.015 0.030 0.025 9571WD MITRA-WD 0.030 Unch 129.7 0.295 0.940 228.81 23/08/2020 0.035 0.005 0.010 0.005 0085WB MLAB-WB 0.010 Unch 3795.4 0.050 0.150 220.00 10/09/2020 0.200 0.005 0.005 0.005 165132 MRCB-C32 0.005 Unch 254.6 0.353 0.800 128.05 28/02/2019 0.140 0.045 0.065 0.065 165137 MRCB-C37 0.065 0.005 2677.4 0.695 0.700 19.42 30/04/2019 0.105 0.095 0.095 0.095 165139 MRCB-C39 0.095 Unch 2151.2 0.695 0.630 17.99 02/08/2019 0.385 0.180 0.245 0.240 1651WB MRCB-WB 0.240 -0.005 65.8 0.695 1.250 114.39 29/10/2027 0.290 0.005 0.005 0.005 13845 MYEG-C45 0.005 Unch 2085 0.990 1.280 30.56 18/02/2019 0.135 0.050 0.075 0.070 13855 MYEG-C55 0.070 Unch 21285.1 0.990 1.200 42.42 28/06/2019 0.315 0.235 0.245 0.240 13856 MYEG-C56 0.240 -0.010 313.6 0.990 0.950 32.32 31/07/2019 0.165 0.120 0.125 0.125 13857 MYEG-C57 0.125 0.005 1 0.990 1.000 32.58 30/08/2019 0.090 0.070 0.075 0.070 13858 MYEG-C58 0.075 0.005 9666.1 0.990 1.200 43.94 02/08/2019 0.305 0.235 0.265 0.265 0108WB N2N-WB 0.265 0.005 50 0.945 0.830 15.87 08/01/2024 0.025 0.005 0.005 0.005 0096WB NEXGRAM-WB 0.005 Unch 0.4 0.015 0.260 1,667 21/07/2023 0.030 0.005 0.005 0.005 0096WC NEXGRAM-WC 0.005 Unch 60 0.015 0.100 600.00 15/01/2024 0.335 0.050 0.165 0.160 7241WA NGGB-WA 0.165 0.005 566.3 0.455 0.600 68.13 18/10/2020 0.020 0.010 0.020 0.015 7139WB NICE-WB 0.020 0.005 911 0.045 0.060 77.78 22/01/2024 0.265 0.065 0.120 0.105 0172WA OCK-WA 0.110 -0.005 5834.7 0.575 0.710 42.61 15/12/2020 0.145 0.025 0.040 0.035 7071WC OCR-WC 0.040 0.005 70 0.270 0.500 100.00 24/07/2021 0.090 0.015 0.075 0.065 0079WA ORION-WA 0.070 Unch 4516.3 0.140 0.170 71.43 26/07/2022 0.210 0.035 0.060 0.050 5053WC OSK-WC 0.055 Unch 12 0.930 1.200 34.95 22/07/2020 0.365 0.100 0.130 0.130 5260WA OWG-WA 0.130 0.005 2.5 0.535 0.800 73.83 29/09/2023 0.160 0.135 0.145 0.145 7052CX PADINI-CX 0.145 Unch 170 3.790 3.900 22.03 30/08/2019 0.130 0.120 0.120 0.120 7052CY PADINI-CY 0.120 -0.005 40 3.790 4.000 24.54 31/07/2019 0.420 0.245 0.320 0.320 8419WA PANSAR-WA 0.320 Unch 641.7 0.830 0.950 53.01 06/06/2023 0.230 0.060 0.090 0.090 5125WB PANTECH-WB 0.090 -0.015 10 0.465 0.500 26.88 21/12/2021 0.085 0.025 0.035 0.035 7225WB PA-WB 0.035 Unch 400 0.050 0.060 90.00 17/12/2022

Main Market & Ace Market Warrants

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

WEDNESDAY JANUARY 30, 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

Australia — Australia, NZ shares skid as Huawei’s troubles heighten US-China trade anxiety

SYDNEY: Australian shares fell yesterday as investors viewed a US move to level criminal charges against China’s Huawei Technologies Co Ltd as potentially reducing the chance of Washington and Beijing reaching a durable resolution to their trade war. Th e S&P/ASX 200 Index dropped 0.53% or 31.4 points to 5,874.2 at the close, pulling back from a 0.7% gain last Friday. Markets were shut on Monday for Australia Day. The US on Monday announced criminal charges against China’s Huawei, escalating a fi ght with the world’s biggest telecommunications equipment maker. Th e indictment came as Chinese delegates were already in Washington to prepare for the latest round of trade talks. Investor sentiment was already shaken after industrial bellweather Caterpillar and chipmaker Nvidia Corp fl agged a weaker Chinese demand, igniting fresh fears of a slowdown in Australia’s biggest trade partner China. Th e fi nancial sector slipped 1.7% to a near three-week low and was the biggest drag on the benchmark. The country’s “big four” banks shed between 1.6% and 2.3% each. Healthcare stocks also piled pressure on the main index, slumping 2.5%, with CSL Ltd declining 2.3%, and Australia-listed shares of medical devices maker ResMed

Inc plunging 10.4%. Still, sustained strength in Chinese iron ore futures helped to contain broad market losses, pushing the metals and mining index 2.3% higher to a near four-month high. Th e world’s biggest miner BHP Group gained 2.1%, while rival Rio Tinto rose 3.8%. Teleco Telstra Corp Ltd led gains on the benchmark, rallying 7.8%, after competitor TPG Telecom cancelled plans for a Huawei- driven rival mobile network. Across the Tasman sea, New Zealand’s benchmark S&P/NZX 50 Index closed 1.19% lower or 108.14 points to fi nish the session at 9,006.38. Billing services provider Gentrack group declined 5.2% and was the top percentage loser.

US — Caterpillar and Nvidia warnings send Wall Street tumbling

NEW YORK: US stocks tumbled on Monday after warnings from Caterpillar Inc and Nvidia Corp added to concerns about a slowing Chinese economy and tariff s taking a bite out of US corporate profi ts. Shares of Caterpillar, the world’s largest heavy equipment maker, fell 9.13% and had their worst day since 2011 after the company’s quarterly profi t widely missed Wall Street estimates, hit by softening demand in China and higher manufacturing and freight costs. Caterpillar’s drop accounted for nearly a third of the Dow Jones Industrial Average’s fall,

and the S&P industrial index dropped 1%. Nvidia tumbled 13.82% after the chipmaker cut its fourth-quarter (4Q) revenue estimate by US$500 million on weak demand for its gaming chips in China and lower-than-expected data centre sales. Th e Philadelphia Semiconductor Index slumped 2.09%, while the S&P technology index dropped 1.4%. “People had some optimism last week on earnings when numbers were pretty good, and today (Monday) it’s clearly gone the other way. China is such a big part of so many companies’ earnings picture,” said Rick Meckler, a partner at Cherry Lane Investments, a family investment offi ce in New Vernon, New Jersey. Also hurting global investor sentiment, China data showed earnings at industrial companies shrank for a second straight month in December, hit by slowing prices and weak factory activity amid a protracted trade war with the US. As signs of a slowdown in the world’s second-largest economy become stark, investors are pinning their hopes for a compromise between Washington and Beijing on trade when offi cials meet today and tomorrow. “With the Chinese economy struggling the way it is and with companies feeling the impact, the US is also starting to realise that there is enough motivation to get a deal done. It’s just a question of when,” said Ryan Nauman, market strategist at

Informa Financial Intelligence in Zephyr Cove, Nevada. Although earnings have largely surpassed Wall Street’s expectations, helping the S&P 500 Index climb about 12% from its December lows, worries about slowing global growth have tempered expectations. With Wall Street in the thick of quarterly results this week, 72.6% of companies that have already reported have exceeded profi t estimates, according to IBES data from Refi nitiv. Since the reporting season began two weeks ago, analysts’ estimates for 4Q profi t growth have stayed steady at about 14%, but expectations for 2019 earnings growth have dropped to 5.6% from 6.3%. The Dow declined 0.84% to end at 24,528.22 points, while the S&P 500 lost 0.78% to 2,643.85. Th e Nasdaq Composite Index dropped 1.11% to 7,085.69. Nine of the 11 major S&P sector indices fell. Amazon.com Inc and Microsoft Corp each dropped nearly 2%, while Apple shares declined almost 1%, dragging down the S&P 500 and the Nasdaq. All three are set to report later this week. Th e S&P energy index dropped 1.03% as oil prices fell after US companies added rigs for the fi rst time this year, a signal that crude output may rise further. Amgen Inc fell 3.43%, weighing the most on the Nasdaq Biotech index, after Evercore ISI downgraded its stock, citing heightened competition for its arthritis drug. — Reuters

ASX 200Index points

4,686.53

Mar 1, 2010 Jan 29, 2019

5,874.20-31.40

(-0.53%)

3450

4175

4900

5625

6350

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 Jan 29, 20191900

2875

3850

4825

58002,594.25

-2.72(-0.10%)

Dow JonesIndex points

10,403.79

Mar 1, 2010 Jan 28, 2019

24,528.22-208.98

(-0.84%)9600

14075

18550

23025

27500

Euro STOXX 50 IndexIndex points

2,772.70

Mar 1, 2010 Jan 28, 2019

3,137.27-25.97

(-0.82%)1960

2445

2930

3415

3900

Bursa Malaysia Equity Derivatives

0.195 0.055 0.055 0.055 129526 PBBANK-C26 0.055 -0.005 500 24.800 26.300 8.93 29/03/2019 0.195 0.185 0.185 0.185 129531 PBBANK-C31 0.185 Unch 139.2 24.800 25.300 9.48 31/07/2019 0.130 0.010 0.045 0.040 6068WA PCCS-WA 0.045 Unch 15.1 0.215 0.600 200.00 25/12/2022 0.125 0.040 0.045 0.045 518325 PCHEM-C25 0.045 -0.005 0.3 8.450 10.300 24.56 17/06/2019 0.140 0.065 0.080 0.070 518326 PCHEM-C26 0.075 -0.015 1530 8.450 9.700 20.12 31/07/2019 0.270 0.030 0.050 0.050 8311WC PESONA-WC 0.050 -0.005 120 0.195 0.250 53.85 27/01/2020 0.190 0.035 0.045 0.045 5681CW PETDAG-CW 0.045 Unch 100 26.240 28.800 12.33 26/03/2019 0.125 0.055 0.085 0.080 5681CX PETDAG-CX 0.085 0.010 1 26.240 26.500 7.47 30/09/2019 0.185 0.050 0.050 0.050 6033CR PETGAS-CR 0.050 -0.005 100 17.780 19.500 14.17 26/03/2019 0.130 0.030 0.030 0.030 6033CS PETGAS-CS 0.030 -0.005 200 17.780 19.000 9.39 28/06/2019 0.205 0.045 0.050 0.045 886915 PMETAL-C15 0.050 0.005 70 4.200 4.200 7.14 30/04/2019 0.140 0.030 0.030 0.030 886920 PMETAL-C20 0.030 -0.005 512.8 4.200 5.000 22.62 31/07/2019 0.120 0.035 0.035 0.035 886921 PMETAL-C21 0.035 -0.005 220 4.200 5.600 37.92 28/06/2019 0.110 0.040 0.040 0.040 886922 PMETAL-C22 0.040 -0.005 80 4.200 5.100 26.19 13/06/2019 5.380 3.330 3.760 3.700 8869WC PMETAL-WC 3.760 -0.020 80 4.200 0.390 -1.19 22/08/2019 0.130 0.080 0.105 0.100 463431 POS-C31 0.100 -0.005 200 1.880 2.000 27.66 31/07/2019 0.130 0.120 0.120 0.120 4065CJ PPB-CJ 0.120 -0.010 300 18.099 17.800 8.29 30/05/2019 0.600 0.315 0.330 0.320 7168WA PRG-WA 0.330 -0.005 82 0.750 0.375 -6.00 06/07/2019 0.220 0.035 0.070 0.060 5070WA PRTASCO-WA 0.065 -0.005 250.6 0.240 0.750 239.58 25/04/2023 0.115 0.010 0.035 0.020 7145WA PSIPTEK-WA 0.035 0.005 2988.3 0.125 0.100 8.00 16/11/2019 0.180 0.045 0.055 0.055 0186WA PTRANS-WA 0.055 Unch 763 0.225 0.235 28.89 19/09/2020 0.205 0.055 0.065 0.060 0007WA PUC-WA 0.060 -0.005 35 0.090 0.100 77.78 25/12/2024 0.550 0.210 0.280 0.275 7237WA PWROOT-WA 0.275 -0.005 10 1.380 1.540 31.52 24/07/2023 0.135 0.055 0.070 0.065 5256WA REACH-WA 0.065 -0.005 6065 0.285 0.750 185.96 12/08/2022 0.435 0.330 0.355 0.330 0200WA REVENUE-WA 0.340 -0.015 4583.9 1.120 1.250 41.96 14/01/2024 0.200 0.040 0.140 0.140 9954WB RGTBHD-WB 0.140 Unch 455.3 0.195 0.100 23.08 14/05/2023 0.265 0.040 0.090 0.075 1066C8 RHBBANK-C8 0.080 Unch 532.7 5.520 5.300 0.36 28/02/2019 0.180 0.055 0.070 0.070 8567WB SALCON-WB 0.070 Unch 6.1 0.230 0.300 60.87 19/07/2025 0.020 0.005 0.005 0.005 0133WC SANICHI-WC 0.005 Unch 20 0.060 0.630 958.33 24/09/2019 0.025 0.015 0.015 0.015 0133WE SANICHI-WE 0.015 Unch 20.8 0.060 0.100 91.67 13/12/2021 0.205 0.045 0.045 0.045 521870 SAPNRGC70 0.045 -0.020 20 0.270 0.380 57.41 31/05/2019 0.100 0.025 0.025 0.025 521873 SAPNRGC73 0.025 -0.010 2398 0.270 0.400 62.04 31/05/2019 0.055 0.025 0.030 0.025 521874 SAPNRGC74 0.025 -0.010 6515 0.270 0.409 65.52 28/06/2019 0.180 0.105 0.180 0.105 5218WA SAPNRG-WA 0.110 Unch 77576.7 0.270 0.490 122.22 23/01/2026 0.340 0.065 0.100 0.080 7247WA SCGM-WA 0.100 0.015 10 1.230 3.960 230.08 31/07/2020 0.130 0.020 0.040 0.040 0161WA SCH-WA 0.040 -0.005 370 0.130 0.100 7.69 04/12/2021 0.125 0.010 0.020 0.015 7158WB SCOMI-WB 0.020 0.005 50.1 0.045 0.210 411.11 18/02/2023 0.225 0.005 0.010 0.005 7073WB SEACERA-WB 0.010 Unch 593.2 0.235 0.930 300.00 29/05/2019 0.225 0.020 0.030 0.025 7073WC SEACERA-WC 0.030 Unch 1079.2 0.235 1.000 338.30 21/01/2021 0.175 0.045 0.045 0.045 5279CN SERBADK-CN 0.045 Unch 9 3.750 4.500 25.40 29/03/2019 0.105 0.075 0.085 0.085 5279CP SERBADK-CP 0.085 Unch 0.4 3.750 4.500 31.33 28/06/2019 0.155 0.150 0.150 0.150 5279CR SERBADK-CR 0.150 -0.005 200 3.750 3.880 19.47 31/07/2019 0.175 0.050 0.055 0.055 7246WA SIGN-WA 0.055 Unch 7.5 0.360 0.970 184.72 21/04/2021 0.125 0.015 0.020 0.015 419727 SIME-C27 0.015 -0.020 300 2.210 2.600 19.34 31/05/2019 0.095 0.035 0.035 0.035 419729 SIME-C29 0.035 -0.010 0.1 2.210 3.000 39.71 28/06/2019 0.085 0.055 0.055 0.055 419730 SIME-C30 0.055 -0.010 650 2.210 2.700 29.64 31/07/2019 0.070 0.055 0.060 0.055 419731 SIME-C31 0.055 -0.015 30.4 2.210 3.000 41.22 02/08/2019 0.145 0.025 0.030 0.030 5285CH SIMEPLT-CH 0.030 -0.010 100 5.110 5.700 13.89 29/03/2019 0.115 0.025 0.070 0.065 5285CI SIMEPLT-CI 0.065 Unch 0.4 5.110 5.350 11.06 28/06/2019 0.045 0.015 0.045 0.045 5288CJ SIMEPROP-CJ 0.045 0.015 174 1.120 1.250 19.64 28/06/2019 0.145 0.050 0.110 0.090 9776WC SMCAP-WC 0.105 -0.005 5274.6 0.195 0.200 56.41 29/08/2023 0.210 0.005 0.015 0.005 5213WA SNTORIA-WA 0.015 Unch 11.1 0.460 0.570 27.17 15/04/2019 0.120 0.030 0.035 0.035 0093WA SOLUTN-WA 0.035 Unch 6 0.105 0.200 123.81 04/07/2021 0.180 0.100 0.175 0.170 866411 SPSETIA-C11 0.170 -0.010 1505.8 2.540 2.300 10.63 25/06/2019 0.190 0.110 0.185 0.185 866412 SPSETIA-C12 0.185 -0.005 1.2 2.540 2.300 12.40 28/06/2019 0.165 0.100 0.160 0.155 866413 SPSETIA-C13 0.155 -0.005 258 2.540 2.500 16.73 31/07/2019 0.225 0.175 0.225 0.220 866414 SPSETIA-C14 0.220 -0.005 0.4 2.540 2.150 6.30 31/10/2019

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

0.080 0.010 0.010 0.010 8664C9 SPSETIA-C9 0.010 Unch 30 2.540 3.350 33.86 26/03/2019 0.075 0.005 0.010 0.010 1201WA SUMATEC-WA 0.010 0.005 50 0.005 0.320 6,500 03/03/2021 0.580 0.210 0.305 0.285 5211WB SUNWAY-WB 0.300 0.010 460 1.620 1.790 29.01 03/10/2024 0.195 0.030 0.060 0.060 0148WA SUNZEN-WA 0.060 Unch 29.2 0.170 0.100 -5.88 14/04/2019 0.185 0.005 0.005 0.005 710648 SUPERMX-C48 0.005 Unch 320 0.750 2.250 201.67 30/04/2019 0.125 0.005 0.005 0.005 710650 SUPERMX-C50 0.005 Unch 5 1.490 2.650 78.86 29/03/2019 0.220 0.045 0.050 0.045 710652 SUPERMX-C52 0.050 -0.005 2921.2 1.520 1.650 16.78 29/03/2019 0.120 0.010 0.010 0.010 710653 SUPERMX-C53 0.010 -0.010 0.1 1.520 2.100 39.80 29/03/2019 0.225 0.055 0.065 0.060 710655 SUPERMX-C55 0.065 Unch 489.6 1.520 1.750 23.68 31/07/2019 0.310 0.105 0.120 0.110 710656 SUPERMX-C56 0.120 0.005 2548 1.520 1.400 11.84 30/05/2019 0.250 0.070 0.085 0.075 710658 SUPERMX-C58 0.085 0.005 415.8 1.520 1.650 22.53 20/05/2019 0.260 0.085 0.095 0.085 710659 SUPERMX-C59 0.095 -0.005 1060.2 1.520 1.500 14.31 30/08/2019 0.095 0.040 0.040 0.040 710661 SUPERMX-C61 0.040 -0.005 200 1.520 2.000 39.47 13/06/2019 0.090 0.075 0.085 0.075 710662 SUPERMX-C62 0.085 Unch 3710 1.520 1.950 42.27 30/09/2019 0.080 0.010 0.015 0.015 7082WB SYF-WB 0.015 Unch 586.1 0.215 0.700 232.56 11/11/2019 0.116 0.022 0.030 0.025 1538WB SYMLIFE-WB 0.030 Unch 159.6 0.380 0.790 115.79 11/11/2020 0.050 0.020 0.030 0.020 2429WB TANCO-WB 0.020 Unch 472.4 0.055 0.050 27.27 23/08/2021 0.090 0.035 0.035 0.035 5178WA TATGIAP-WA 0.035 Unch 697.4 0.100 0.120 55.00 26/12/2023 0.190 0.075 0.095 0.095 534750 TENAGA-C50 0.095 Unch 200 13.500 14.400 15.11 28/06/2019 0.320 0.100 0.280 0.270 7252WA TEOSENG-WA 0.270 -0.005 40 1.030 1.350 57.28 29/01/2020 2.580 0.705 0.885 0.885 7034WA TGUAN-WA 0.885 Unch 10 2.380 1.500 0.21 09/10/2019 0.264 0.018 0.065 0.060 7889WB THRIVEN-WB 0.065 Unch 15.1 0.200 0.480 172.50 05/10/2020 0.110 0.065 0.110 0.105 486335 TM-C35 0.105 0.005 598.8 2.880 2.800 17.27 28/06/2019 0.200 0.120 0.200 0.190 486336 TM-C36 0.195 0.005 1333.6 2.880 2.200 6.86 28/06/2019 0.250 0.115 0.250 0.245 486337 TM-C37 0.245 Unch 24.4 2.880 2.150 0.17 30/09/2019 0.170 0.110 0.170 0.160 486338 TM-C38 0.160 Unch 20.4 2.880 2.500 14.58 17/06/2019 0.195 0.160 0.195 0.185 486339 TM-C39 0.190 0.005 300 2.880 2.600 13.37 31/07/2019 0.190 0.025 0.035 0.035 0101WB TMCLIFE-WB 0.035 Unch 600 0.740 0.750 6.08 21/06/2019 0.405 0.030 0.040 0.030 711333 TOPGLOV-C33 0.040 -0.005 2054.6 4.920 5.500 14.63 29/03/2019 0.240 0.005 0.005 0.005 711339 TOPGLOV-C39 0.005 -0.010 0.1 1.640 6.440 294.82 28/02/2019 0.180 0.030 0.030 0.030 711341 TOPGLOV-C41 0.030 -0.005 134 4.920 6.000 25.00 28/06/2019 0.245 0.060 0.070 0.065 711342 TOPGLOV-C42 0.070 Unch 5660.1 4.920 5.800 25.71 31/05/2019 0.275 0.070 0.085 0.080 711343 TOPGLOV-C43 0.085 Unch 570.5 4.920 5.880 28.15 17/06/2019 0.145 0.055 0.065 0.065 711344 TOPGLOV-C44 0.065 Unch 69.9 4.920 6.600 41.41 31/07/2019 0.145 0.130 0.135 0.130 711345 TOPGLOV-C45 0.135 Unch 160 4.920 4.600 12.70 31/07/2019 0.150 0.135 0.140 0.135 711346 TOPGLOV-C46 0.140 Unch 1332.4 4.920 5.300 23.37 31/07/2019 0.260 0.085 0.085 0.085 7173WB TOYOINK-WB 0.085 Unch 309.1 0.585 1.500 170.94 06/11/2023 0.205 0.040 0.050 0.050 5401WA TROP-WA 0.050 Unch 151.4 0.870 1.000 20.69 06/12/2019 0.275 0.110 0.265 0.260 458812 UMW-C12 0.260 -0.010 174.2 5.900 4.600 4.41 30/05/2019 0.160 0.115 0.155 0.150 458817 UMW-C17 0.150 -0.010 20 5.900 6.300 20.00 31/07/2019 0.180 0.050 0.070 0.065 5243WA VELESTO-WA 0.065 -0.005 1855.8 0.200 0.395 130.00 18/10/2024 0.760 0.430 0.500 0.460 7240WA VERTICE-WA 0.460 -0.050 15 0.900 0.500 6.67 31/03/2024 0.355 0.100 0.175 0.165 0120WB VIS-WB 0.170 -0.005 309 0.440 0.750 109.09 16/11/2022 0.015 0.005 0.005 0.005 0069WE VIVOCOM-WE 0.005 Unch 96 0.020 0.050 175.00 22/08/2023 0.425 0.310 0.410 0.410 7070WC VIZIONE-WC 0.410 -0.010 38.2 1.020 0.700 8.82 05/02/2022 0.090 0.070 0.075 0.070 696310 VS-C10 0.075 Unch 2150 0.810 1.200 71.30 31/07/2019 0.150 0.120 0.125 0.120 6963C8 VS-C8 0.125 0.005 1007.4 0.810 0.770 33.64 30/08/2019 0.120 0.095 0.095 0.095 6963C9 VS-C9 0.095 Unch 540 0.810 0.880 37.96 02/08/2019 0.060 0.010 0.010 0.010 967914 WCT-C14 0.010 -0.025 10 0.815 1.250 57.06 29/03/2019 0.265 0.045 0.080 0.075 9679WE WCT-WE 0.080 Unch 682.1 0.815 2.080 165.03 27/08/2020 0.135 0.095 0.125 0.120 0197WA WEGMANS-WA 0.125 -0.005 251.2 0.315 0.300 34.92 13/01/2022 0.180 0.085 0.105 0.100 0162WA WIDAD-WA 0.105 Unch 914 0.310 0.350 46.77 05/08/2023 0.120 0.045 0.055 0.050 5246CX WPRTS-CX 0.055 0.005 114 3.800 4.200 14.87 24/04/2019 0.409 0.070 0.135 0.125 7245WA WZSATU-WA 0.130 Unch 661.3 0.345 0.380 47.83 28/10/2024 0.030 0.015 0.025 0.020 5156WD XDL-WD 0.020 Unch 4381.9 0.105 0.180 90.48 17/01/2022 0.180 0.100 0.100 0.100 7003WA Y&G-WA 0.100 -0.050 10 0.910 1.000 20.88 16/11/2019 0.130 0.015 0.015 0.015 7293CT YINSON-CT 0.015 -0.005 70 4.310 4.680 10.15 31/05/2019 1.090 0.130 0.155 0.150 7066WA YONGTAI-WA 0.150 -0.005 100.5 0.370 0.500 75.68 24/06/2020 0.085 0.050 0.070 0.070 6742C6 YTLPOWR-C6 0.070 -0.005 120 0.880 0.950 19.89 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

WEDNESDAY JANUARY 30, 2019 • THEEDGE FINANCIAL DAILY 3 0

Local event to watch out for today

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

AEON CO (M) (350,200) ABERDEEN STANDARD INVESTMENTS 80,124,100 25/1 (M) (F.K.A. ABERDEEN ASSET MANAGEMENT ASTRO MALAYSIA HOLDINGS 755,700 EMPLOYEES PROVIDENT FUND BOARD 421,635,464 24/1AXIS REAL ESTATE (300,000) EMPLOYEES PROVIDENT FUND BOARD 201,367,312 23/1INVESTMENT TRUSTBERJAYA LAND 45,415,369 PENTA INVESTMENT ADVISERS LTD., 396,185,989 23/1 VIRGIN ISLANDS, BRITISHBERMAZ AUTO (736,900) EMPLOYEES PROVIDENT FUND BOARD 155,224,400 23/1CAHYA MATA SARAWAK 307,100 DATO SRI SULAIMAN ABDUL RAHMAN 106,259,855 25/1 TAIB CYPARK RESOURCES 85,900 EMPLOYEES PROVIDENT FUND BOARD 40,700,850 23/1DIALOG GROUP 3,289,800 EMPLOYEES PROVIDENT FUND BOARD 498,268,616 23/1DIALOG GROUP 3,000,000 KUMPULAN WANG PERSARAAN 313,202,833 25/1 (DIPERBADANKAN)DIGI.COM 769,700 EMPLOYEES PROVIDENT FUND BOARD 1,125,849,450 23/1DRB-HICOM (805,100) EMPLOYEES PROVIDENT FUND BOARD 192,738,397 18/1ELK-DESA RESOURCES 180,000 TEOH HOCK CHAI @ TEW HOCK CHAI 116,400,000 25/1FRASER & NEAVE HOLDINGS (223,200) EMPLOYEES PROVIDENT FUND BOARD 42,549,530 23/1GENTING PLANTATIONS (2,808,400) EMPLOYEES PROVIDENT FUND BOARD 73,443,100 23/1GUNUNG CAPITAL 1,776,000 DATO SYED ABU HUSSIN HAFIZ SYED 52,974,691 25/1 ABDUL FASALHEITECH PADU (290,000) DATO’ SRI MOHD HILMEY MOHD TAIB 7,230,184 25/1HEVEABOARD 250,000 YOONG TEIN SENG @ YONG KIAN SENG 195,106,327 25/1HONG LEONG BANK (783,400) EMPLOYEES PROVIDENT FUND BOARD 255,715,321 23/1HUBLINE 2,000,000 BNDM INCORPORATED HOLDINGS 1,148,976,749 28/1IHH HEALTHCARE 645,100 EMPLOYEES PROVIDENT FUND BOARD 714,804,100 23/1IJM CORPORATION 2,696,000 EMPLOYEES PROVIDENT FUND BOARD 533,784,618 23/1IMASPRO CORPORATION (938,000) YU KUAN CHON 15,930,004 25/1INARI AMERTRON 620,200 KUMPULAN WANG PERSARAAN 424,375,175 25/1 (DIPERBADANKAN)IOI CORPORATION (983,800) EMPLOYEES PROVIDENT FUND BOARD 766,501,673 23/1IOI PROPERTIES GROUP 400,000 EMPLOYEES PROVIDENT FUND BOARD 373,709,532 23/1IRIS CORPORATION (47,500,000) FELDA INVESTMENT CORPORATION 291,306,481 22 - 24/1KUALA LUMPUR KEPONG (368,800) EMPLOYEES PROVIDENT FUND BOARD 123,104,257 23/1MALAKOFF CORPORATION (375,000) KUMPULAN WANG PERSARAAN 416,889,634 25/1 (DIPERBADANKAN)MALAYSIA AIRPORTS HOLDINGS (1,753,600) EMPLOYEES PROVIDENT FUND BOARD 177,413,992 23/1MBM RESOURCES (465,600) EMPLOYEES PROVIDENT FUND BOARD 56,644,191 23/1MISC (1,973,300) EMPLOYEES PROVIDENT FUND BOARD 277,437,011 23/1MSM MALAYSIA HOLDINGS (190,000) EMPLOYEES PROVIDENT FUND BOARD 47,469,900 23/1PETRONAS CHEMICALS GROUP (1,940,300) EMPLOYEES PROVIDENT FUND BOARD 652,090,300 23/1PETRONAS DAGANGAN (91,400) EMPLOYEES PROVIDENT FUND BOARD 60,193,600 23/1POS MALAYSIA (108,500) EMPLOYEES PROVIDENT FUND BOARD 76,046,649 23/1PPB GROUP (911,300) EMPLOYEES PROVIDENT FUND BOARD 156,063,970 23/1PRESS METAL ALUMINIUM 5,953,100 TAN SRI DATO’ KOON POH KEONG 1,562,744,207 24 & 25/1HOLDINGSPRESTAR RESOURCES 624,600 Y.K.TOH PROPERTY SDN 20,599,200 24 & 25/0PUBLIC BANK (834,200) EMPLOYEES PROVIDENT FUND BOARD 462,831,700 23/1QL RESOURCES (254,900) EMPLOYEES PROVIDENT FUND BOARD 104,706,015 23/1SAPURA ENERGY 1,333,333,334 SAPURA TECHNOLOGY 2,286,337,808 24/1SKP RESOURCES 2,290,000 KUMPULAN WANG PERSARAAN 170,490,233 25/1 (DIPERBADANKAN)SUNWAY REAL ESTATE 877,200 EMPLOYEES PROVIDENT FUND BOARD 441,091,400 22 & 23/1INVESTMENT TRUST TA ENTERPRISE 117,700 DATUK TIAH THEE KIAN 688,478,000 28/1TA ENTERPRISE 313,500 DATUK TIAH THEE KIAN 688,360,300 24 & 25/1TOP GLOVE CORPORATION (191,500) EMPLOYEES PROVIDENT FUND BOARD 144,516,322 23/1UMW HOLDINGS (2,000,000) KUMPULAN WANG PERSARAAN 78,739,667 25/1 (DIPERBADANKAN) UMW HOLDINGS 1,000,000 PERMODALAN NASIONAL 89,395,900 24/1V.S. INDUSTRY (100,000) KUMPULAN WANG PERSARAAN 208,635,975 25/1 (DIPERBADANKAN)WTK HOLDINGS (580,000) ALFIAN MOHAMED BASIR 827,313 23 - 25/1WZ SATU (180,000) DATO’ SRI TENGKU UZIR TENGKU 103,448,846 24/1 DATO’ UBAIDILLAHYINSON HOLDINGS (651,700) KUMPULAN WANG PERSARAAN 140,123,600 25/1 (DIPERBADANKAN) YINSON HOLDINGS 437,400 EMPLOYEES PROVIDENT FUND BOARD 149,201,400 23/1YNH PROPERTY 765,000 DATO DR YU KUAN CHON 171,544,957 28/1

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

Insider moves (Filings on January 28, 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 $ 0.598 0.684 0.680 0.520 0.907 0.925 0.925 0.955 2.8152 4.608 57.413 4.467 2.513 9,642 48.670 74.890 5.807 35.928 2.491 2.566 6.197 21.562 5.369

EURO 1.671 1.144 1.136 0.869 1.516 1.546 1.546 1.596 4.7048 7.701 95.949 7.465 4.200 16,113 81.337 125.158 9.705 60.044 4.163 4.289 10.356 36.035 8.973

US $ 1.461 0.874 0.993 0.760 1.325 1.352 1.352 1.396 4.1140 6.734 83.900 6.528 3.673 14,090 71.124 109.441 8.486 52.504 3.640 3.750 9.056 31.510 7.846

SWISS FR 1.472 0.881 1.007 0.765 1.335 1.361 1.361 1.406 4.1426 6.781 84.483 6.573 3.698 14,188 71.618 110.202 8.545 52.869 3.665 3.776 9.119 31.729 7.901

STERLING £ 1.923 1.151 1.316 1.307 1.744 1.779 1.779 1.837 5.4132 8.861 110.396 8.589 4.833 18,540 93.584 144.003 11.166 69.085 4.790 4.935 11.915 41.461 10.324

CANADA $ 1.103 0.660 0.754 0.749 0.573 1.020 1.020 1.053 3.1040 5.081 63.302 4.925 2.771 10,631 53.663 82.573 6.403 39.614 2.746 2.830 6.832 23.774 5.920

BRUNEI $ 1.081 0.647 0.740 0.735 0.562 0.980 1.000 1.033 3.0433 4.982 62.064 4.829 2.717 10,423 52.613 80.958 6.277 38.839 2.693 2.774 6.699 23.309 5.804

SINGAPORE $ 1.081 0.647 0.740 0.735 0.562 0.980 1.000 1.033 3.0433 4.982 62.064 4.829 2.717 10,423 52.613 80.958 6.277 38.839 2.693 2.774 6.699 23.309 5.804

AUSTRALIA $ 1.047 0.626 0.716 0.711 0.544 0.950 0.968 0.968 2.9473 4.824 60.107 4.676 2.631 10,094 50.953 78.404 6.079 37.614 2.608 2.687 6.488 22.574 5.621

MALAYSIA RM 0.355 0.213 0.243 0.241 0.185 0.322 0.329 0.329 0.339 1.0000 1.637 20.394 1.587 0.893 3,425 17.288 26.602 2.063 12.762 0.885 0.912 2.201 7.659 1.907

100 CHINESE RMB 21.701 12.985 14.850 14.747 11.286 19.682 20.074 20.074 20.728 61.0920 1,246 96.935 54.540 209,234 1,056.169 1,625 126.015 779.672 54.053 55.691 134.475 467.916 116.514

100 BANGLAD’H TAKA 1.742 1.042 1.192 1.184 0.906 1.580 1.611 1.611 1.664 4.9035 8.026 7.780 4.378 16,794 84.772 130.442 10.114 62.579 4.338 4.470 10.793 37.556 9.352

100 DANISH KRONER 22.387 13.396 15.319 15.214 11.643 20.304 20.709 20.709 21.384 63.0240 103.16 1,285 56.265 215,850 1,089.57 1,677 130.00 804.33 55.76 57.45 138.73 482.71 120.20

100 UAE DIRHAM 39.789 23.808 27.227 27.039 20.692 36.087 36.806 36.806 38.005 112.0126 183.35 2,284 177.73 383,631 1,936 2,980 231.05 1,430 99.11 102.11 246.56 857.93 213.63

1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.010 0.010 0.010 0.0292 0.048 0.595 0.046 0.026 0.505 0.777 0.060 0.373 0.026 0.027 0.064 0.224 0.056

100 INDIA RUPEE 2.055 1.229 1.406 1.396 1.069 1.863 1.901 1.901 1.963 5.7843 9.468 117.964 9.178 5.164 19,811 153.875 11.931 73.821 5.118 5.273 12.732 44.303 11.032

100 JAPAN YEN 1.335 0.799 0.914 0.907 0.694 1.211 1.235 1.235 1.275 3.7591 6.153 76.662 5.965 3.356 12,875 64.988 7.754 47.975 3.326 3.427 8.274 28.792 7.169

100 NORWEGIAN KRONER 17.221 10.304 11.784 11.703 8.956 15.619 15.930 15.930 16.449 48.4800 79.356 989 76.923 43.281 166,039 838.131 1,290 618.715 42.894 44.194 106.714 371.318 92.461

100 PHILIPPINE PESO 2.783 1.665 1.905 1.891 1.447 2.524 2.575 2.575 2.659 7.8356 12.826 159.798 12.433 6.995 26,836 135.463 208.444 16.163 6.933 7.143 17.248 60.014 14.944

100 QATAR RIYAL 40.147 24.023 27.473 27.283 20.879 36.412 37.138 37.138 38.348 113.0220 185.003 2,305 179.332 100.901 387,088 1,954 3,007 233.131 1,442 103.030 248.783 865.658 215.555

100 SAUDI RIYAL 38.966 23.316 26.665 26.480 20.265 35.341 36.046 36.046 37.220 109.6979 179.562 2,237 174.057 97.934 375,703 1,896 2,918 226.275 1,400 97.059 241.466 840.198 209.215

100 SWEDISH KRONOR 16.137 9.656 11.043 10.967 8.392 14.636 14.928 14.928 15.414 45.4300 74.363 926.490 72.084 40.558 155,593 785.402 1,209 93.709 579.790 40.196 41.414 347.957 86.644

100 THAI BAHT 4.638 2.775 3.174 3.152 2.412 4.206 4.290 4.290 4.430 13.0562 21.371 266.266 20.716 11.656 44,716 225.718 347.322 26.931 166.627 11.552 11.902 28.739 24.901

100 HK$ 18.625 11.145 12.745 12.657 9.686 16.892 17.229 17.229 17.790 52.4330 85.826 1,069.308 83.195 46.810 179,577 906.471 1,395 108.154 669.164 46.392 47.798 115.415 401.595

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

SAPNRG-PA 0.450 0.380 0.380 4.2FBMKLCI-H6Q 0.100 0.095 0.095 730SAPNRG 0.285 0.265 0.270 426421.3SAPNRG-WA 0.180 0.105 0.110 77576.7KAWAN 1.810 1.770 1.770 130.2VS-C10 0.075 0.070 0.075 2150GENM-C41 0.005 0.005 0.005 100HIBISCS-CQ 0.115 0.105 0.105 1880SAPNRGC74 0.030 0.025 0.025 6515SIME-C29 0.035 0.035 0.035 0.1SIME-C27 0.020 0.015 0.015 300KOSSAN-CY 0.020 0.020 0.020 30SAB 3.680 3.580 3.580 62Y&G-WA 0.100 0.100 0.100 10HSI-H6L 0.285 0.255 0.255 17.5REVENUE-WA 0.355 0.330 0.340 4583.9PMETAL-C20 0.030 0.030 0.030 512.8PMETAL-C22 0.040 0.040 0.040 80SIME-C31 0.060 0.055 0.055 30.4

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)

MFLOUR-LA 0.995 0.945 0.995 762.3LTKM 1.260 1.140 1.260 384.2AIRASIAC77 0.150 0.140 0.145 1283ELKDESA 1.330 1.290 1.320 212.1MFCB 3.850 3.640 3.830 1155.6AIRASIAC74 0.440 0.415 0.440 15.1GENTINGC61 0.135 0.125 0.125 310.1MFLOUR-WC 0.165 0.130 0.160 16150.7CARIMIN 0.720 0.600 0.715 22316.1AIRASIAC69 0.135 0.120 0.125 2099.3AIRASIAC71 0.180 0.165 0.170 910.4AIRASIAC75 0.215 0.210 0.210 390AIRASIAC73 0.325 0.315 0.325 56.8AIRASIAC72 0.280 0.260 0.270 606GCB 3.240 3.130 3.220 2063.7PAVREIT 1.770 1.740 1.750 1216.3TM-C37 0.250 0.245 0.245 24.4GENM-C51 0.115 0.115 0.115 400UNIWALL 0.280 0.280 0.280 1

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

Top importers of Venezuelan crude

• Alam Maritim Resources Bhd’s extraordinary general meeting at Technology Park Malaysia Corp Sdn Bhd, Auditorium Enterprise 4, Lebuhraya Puchong-Sg Besi, Bukit Jalil, Kuala Lumpur at 10am.

Th e US, India and China are the top destinations for Venezuelan crude, according to ClipperData. All three countries saw a decrease in imports 2018 from 2017 as thecountry’s production has fallen sharply, to about 1.2 million barrels per day (bpd) in December from an average 2.2 million bpd in 2016, according to fi gures from Opec secondary sources.

Venezuelan crude exports to key US refi ners

Several US Gulf refi ners that rely on crude from Venezuela have cut back purchases, but the nation’s heavy crude is crucial to the running of complex refi neries, and some have maintained their purchases.

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

WEDNESDAY JANUARY 30, 2019 • THEED G E FINANCIAL DAILY

Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

JAN/FEB 0.5 0.0 0.0

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

Money market

Commodities

FEB/MAR -65FEB/APR -99FEB/MAY -118MAR/APR -34

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

FEB-19 2,195 -27 333 3,955 -162MAR-19 2,260 -37 3,722 20,171 -1,263APR-19 2,294 -33 15,261 60,465 950MAY-19 2,313 -30 5,040 38,319 -806JUN-19 2,317 -27 1,665 20,300 447

Palm oil retreats over 1% on weak CBoT soyoil

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

Oil gains as US imposes sanctions on Venezuela

METAL & PRECIOUS METALSTIN US$/TON KLTM 20,750 UNCHCOPPER USC/IBS CMX 2.6980 0.0180GOLD US$/TROY OZ CMX 1,306.50 3.40PLATINUM US$/TROY OZ NYMEX 817.00 3.70PALLADIUM US$/TROY OZ NYMEX 0.00 0.00SILVER USC/TROY OZ CMX 15.84 0.12ALUMINIUM RMB/TON SHF 13,460 -105ZINC RMB/TON SHF 21,505 10

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 52.45 0.46HEATING OIL USC/GAL NYMEX 1.8579 0.0233NATURAL GAS US$/MMBTU NYMEX 2.885 0.012BRENT CRUDE US$/BBL ICE 60.50 0.57GAS OIL US$/TON ICE 562.00 6.50

CRUDE PALM OIL RM/TON MDEX 2,294 -33RUBBER SEN/KG MRB 536.00 UNCHCORN USC/BSH CBOT 380.50 0.75SOYBEANS USC/BSH CBOT 920.75 -2.50WHEAT USC/BSH CBOT 521.25 2.50LIVE CATTLE USC/IBS CME 127.38 0.53COCOA US$/TON NYBOT 2,298 14COFFEE USC/IBS NYBOT 106.10 0.30SUGAR USC/IBS NYBOT 12.77 -0.12COTTON USC/IBS NYC 76.75 0.11

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 Jan 29, 2019

200

625

1050

1475

1900

536.00(Unch)

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 —/—

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1200

1395

1590

1785

1980 1,694.00(+1.00)

Jan 29, 2019

Klibor

Implied interest rate (%)

Oct 1, 2000

3.78(Unch)

Jan 29, 20191.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

388.50(-1.50)

Jan 29, 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% yesterday, retreating from seven-month highs hit the previous session on weakness in US Chicago Board of Trade (CBoT) soyoil. Th e benchmark palm oil contract for April delivery on Bursa Malaysia Derivatives was down RM33 or 1.4% at RM2,294 a tonne. Palm oil futures rose for a sixth session in seven on Monday and hit their highest in nearly seven months, tracking strength in related edible oils. “(Th e) market is overbought, so the fall is not a surprise,” said a trader. Prices of soyoil on the CBoT fell for a second straight session yesterday with concerns over escalating US-China trade tensions and improved weather in Brazil weighing on the market. Th e CBoT March soybean oil contract was down 0.6%. “Th ere is a lack of new catalyst and the market may have already factored in positive export data,” said another futures trader from Kuala Lumpur. Exports of Malaysian palm oil products for Jan 1 to Jan 25 rose 12% to 1,207,619 tonnes from 1,078,274 tonnes shipped a month earlier, cargo surveyor Societe Generale de Surveillance said yesterday. Palm oil still targets RM2,351 per tonne as it has stabilised above prior resistance at RM2,322, Wang Tao, a Reuters market analyst for commodities and energy technicals, said. — Reuters

SEP’18 OCT’18 NOV’18 DEC’18

1,854 1,965 1,845 1,808 1,619 1,571 1,375 1,383 2,541 2,722 3,007 3,215

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 432 19.00% 412 18.00% 391SOUTH 20.00% 438 19.00% 417 18.00% 396CENTRAL 20.00% 433 19.00% 413 18.00% 392EAST COAST 20.00% 430 19.00% 410 18.00% 389SABAH 22.00% 419 21.00% 401 20.00% 382SARAWAK 22.00% 425 21.00% 406 20.00% 387

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 2,135.00 NO TRADE NO TRADEPK EX-MILL 1,425.00 NO TRADE NO TRADECPKO DELD NO TRADE NO TRADE NO TRADERBD P.OIL FOB NO TRADE NO TRADE NO TRADERBD P.OLEIN FOB NO TRADE NO TRADE NO TRADERBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE

MPOB palm oil physical

Oil prices rose yesterday after Washington imposed sanctions on Venezuelan state-owned oil fi rm PDVSA in a move that may curb the Opec member’s crude exports, but price rises were capped by ample global supply and signs of a slowing Chinese economy. International Brent crude oil futures were up 57 US cents at US$60.450 per barrel. US West Texas Intermediate crude futures were up 46 US cents at US$52.45 per barrel. Venezuela has the world’s biggest proven oil reserves, but its potential has not been realised due to a lack of investment. Th e country is also a member of the Opec, which is implementing a supply cut deal. “The Latin American country is predominantly the producer of heavier crude, exactly what (US Gulf) refi ners are thirsty for,” PVM said in a note. — Reuters

Commodities

after the US charged China’s Huawei Technologies Co Ltd with fraud. — Agencies

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 Jan 29, 2019

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(-33)2,294

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 Jan 29, 2019

0.3071(RM2,783/tonne)

2,294(-33)

0.000

0.175

0.350

0.525

1100

2425

3750

5075

6400 0.700

Th e euro settled at a two-week high yesterday, moving in tiny ranges, as large derivatives market positions discouraged traders from taking large bets in an event-fi lled week. Trade tensions between the US and China escalated overnight after US offi cials announced criminal charges against China’s Huawei Technologies Co Ltd, escalating a fi ght with the world’s biggest telecommunications equipment maker, which denies wrongdoing. Th e announcement came before trade talks with Beijing later this week and snuff ed out a fl edgling relief rally in global risk assets led by Chinese stocks and the euro currency. Keeping the euro in a tight range are large positions worth US$6 billion between US$1.14 and US$1.15 expiring later this week, according to Refi nitiv data. — Reuters

Euro at two-week high in event-fi lled week

Th e FBM KLCI futures contracts on Bursa Malaysia Derivatives ended marginally higher yetserday despite the easier underlying cash market. Spot months January 2019, February 2019 and June 2019 added one point each to 1,694, 1,694 and 1,683 respectively, while March 2019 was unchanged at 1,690. Turnover increased to 22,657 lots from 19,270 lots on Monday, while o p e n i nt e re s t w i d e n e d t o 4 8 , 3 4 8 contracts against 42,238 contracts. Th e underlying benchmark KLCI ended 7.09 points lower at 1,690.41. Most Southeast Asian stock markets closed lower yesterday, with Malaysia leading the decline and Th ailand snapping a nine-session winning streak, as concerns heightened about US-China trade relations

KLCI futures contracts end marginally higher

Crude Oil

US$/bbl

Apr 10, 2007 Jan 29, 2019

52.45(+0.46)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 Jan 29, 2019

700

1020

1340

1660

1980

1,306.50(+3.40)

Long Rolls - KLCI futures

Index points

Jan 4, 2010

0.00(Unch)

Jan 29, 2019

-35.00

-21.75

-8.50

4.75

18.00

EURO

Euro/USD

Jan 2, 20061.02

1.16

1.30

1.44

1.1432(-0.0001)

Jan 29, 2019

1.58

FBMKLCI 1,690.41 -7.09 117.6M JAN 19 1,694.00 1.00 12,099 29,074 -2,684FEB 19 1,694.50 1.00 10,389 18,372 5,417MAR 19 1,690.00 UNCH 156 705 31JUN 19 1,683.00 1.00 13 197 5TOTAL 22,657 48,348 2,769

JAN 19 3 0.32 0.00 0.32FEB 19 31 4.79 4.99 -0.20ROLL’S FAIR -0.52

WEDNESDAY JANUARY 30, 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)MAYBANK 0.52 0.030 9.690 14145.9GENTING 0.49 0.080 6.890 8073.3GENTING MALAYSIA 0.37 0.040 3.210 14892.7RHB BANK 0.31 0.050 5.520 5452.4IOI CORPORATION -0.20 -0.020 4.630 4969.5HAP SENG CONSOLIDATED -0.23 -0.060 9.830 453.8IHH HEALTHCARE -0.27 -0.020 5.580 4297.6HONG LEONG FINANCIAL -0.29 -0.160 19.600 515.6PPB GROUP -0.31 -0.140 18.100 579.0AMMB -0.33 -0.070 4.420 4735.4MISC -0.35 -0.050 6.650 1835.6K.LUMPUR KEPONG -0.37 -0.220 24.500 472.0TENAGA NASIONAL -0.71 -0.080 13.500 4258.8SIME DARBY PLANTATION -0.75 -0.070 5.110 3117.7SIME DARBY -0.96 -0.090 2.210 8456.6PETRONAS CHEMICAL -2.13 -0.170 8.450 9685.0SUB-TOTAL -5.21 OTHERS -1.88 GRAND TOTAL -7.09

1,695.00 1,690.50 1,695.50 1,690.50 1,690.50 1,687.00

Market movers

DOW JONES 24,528.22 -208.98S&P 500 2,643.85 -20.91NASDAQ 100 6,697.09 -90.29FTSE 100 6,747.10 -62.12AUSTRALIA 5,874.20 -31.40CHINA 2,594.25 -2.72HONG KONG 27,531.68 -45.28INDIA 35,592.50 -64.20

INDONESIA 6,436.48 -22.23JAPAN 20,664.64 15.64KOREA 2,183.36 6.06PHILIPPINES 8,050.82 -3.10SINGAPORE 3,187.69 -11.81TAIWAN 9,931.59 -81.74THAILAND 1,624.05 -0.98VIETNAM 915.93 3.75

CLOSE CHANGE CLOSE CHANGE

World equity indices

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

Daily top 20 active stocks

DLADY 62.200 0.300YINSON 4.310 0.210CARLSBG 20.340 0.180MFCB 3.830 0.160HEIM 20.840 0.140LTKM 1.260 0.120CARIMIN 0.715 0.115SAPNRG-WA 0.110 0.105BKAWAN 17.000 0.100HSPLANT 1.920 0.100GENTING 6.890 0.080GCB 3.220 0.080

UTDPLT 26.200 -0.600BAT 38.000 -0.560NESTLE 148.500 -0.500AJI 18.700 -0.400CHINTEK 6.670 -0.330KESM 8.660 -0.240KLK 24.500 -0.220AMBANK-C13 0.105 -0.195VITROX 6.640 -0.190AXIATA 3.960 -0.180PCHEM 8.450 -0.170HLFG 19.600 -0.160

Top gainers and losers (ranked by RM)

 SAPNRG-WA 0.110 2,100.0JAG-WA 0.010 100.00ASDION-WB 0.010 100.00EAH-WD 0.010 100.00SUMATEC-WA 0.010 100.00IOICORP-C19 0.085 70.00ASIAPLY-WA 0.025 66.67DAYA 0.015 50.00SIMEPROP-CJ 0.045 50.00ASTRO-C12 0.125 47.06HSI-C3S 0.020 33.33GTRONIC-CR 0.020 33.33

FGV-C60 0.005 -80.00WCT-C14 0.010 -71.43TOPGLOV-C39 0.005 -66.67AMBANK-C13 0.105 -65.00SIME-C27 0.015 -57.14SUMATEC 0.005 -50.00GENM-C41 0.005 -50.00CENSOF-WB 0.005 -50.00SUPERMX-C53 0.010 -50.00AXIATA-C28 0.025 -37.50Y&G-WA 0.100 -33.33DIALOG-C33 0.020 -33.33

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

SAPNRG-WA 0.110 2,100.0JAG-WA 0.010 100.00ASDION-WB 0.010 100.00EAH-WD 0.010 100.00SUMATEC-WA 0.010 100.00IOICORP-C19 0.085 70.00ASIAPLY-WA 0.025 66.67SIMEPROP-CJ 0.045 50.00ASTRO-C12 0.125 47.06HSI-C3S 0.020 33.33GTRONIC-CR 0.020 33.33BORNOIL-WC 0.020 33.33

FGV-C60 0.005 -80.00WCT-C14 0.010 -71.43TOPGLOV-C39 0.005 -66.67AMBANK-C13 0.105 -65.00SIME-C27 0.015 -57.14GENM-C41 0.005 -50.00CENSOF-WB 0.005 -50.00SUPERMX-C53 0.010 -50.00AXIATA-C28 0.025 -37.50Y&G-WA 0.100 -33.33DIALOG-C33 0.020 -33.33SAPNRGC70 0.045 -30.77

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

SAPNRG-WA 77,577 0.00 0.000 0.110 0.180 0.105EDUSPEC 70,721 0.00 0.000 0.020 0.025 0.020HSI-H4X 41,713 -3.77 -0.010 0.255 0.295 0.255SMCAP 22,980 14.71 0.025 0.195 0.200 0.160CARIMIN 22,316 19.17 0.115 0.715 0.720 0.600MYEG-C55 21,285 0.00 0.000 0.070 0.075 0.070HSI-C3W 19,919 1.61 0.005 0.315 0.320 0.265AIRASIA 19,211 1.29 0.040 3.130 3.160 3.080FGV-C63 17,210 0.00 0.000 0.125 0.130 0.120MFLOUR-WC 16,151 23.08 0.030 0.160 0.165 0.130HSI-H4S 15,217 -4.44 -0.010 0.215 0.260 0.215HSI-C5B 12,453 -0.88 -0.005 0.565 0.565 0.515HSI-H4Y 9,866 -2.20 -0.010 0.445 0.490 0.445MYEG-C58 9,666 7.14 0.005 0.075 0.075 0.070HIBISCS-WC 9,321 -3.30 -0.015 0.440 0.450 0.430CUSCAPI 8,515 7.32 0.015 0.220 0.220 0.200

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 Jan 29, 2019

1,690.41(-7.09)

1,683.14

820.0

1122.5

1425.0

1727.5

2030.0

0

300

600

900

1687.0

1687.8

1688.6

1689.4

1690.2

1691.0

1691.8

1692.6

1693.4

1694.2

1695.0

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

Index point

KL Composite Index

KLCI futures

1,694.00(-1.00)

1,690.41(-7.09)

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.

JAN 19 1,694.00 1.00FEB 19 1,694.50 1.00MAR 19 1,690.00 UNCH

There are years that ask questions and years that answer. — Zora Neale Hurston

SAPNRG 426,421.3 -0.015 -5.26 0.270 — 2.44SAPNRG-WA 77,576.7 0.105 2100.00 0.110 — 0.00EDUSPEC 70,721.0 UNCH UNCH 0.020 — 0.00ARMADA 59,430.5 -0.005 -2.33 0.210 — 1.07IRIS 59,250.5 UNCH UNCH 0.135 — 0.00KNM 42,785.6 -0.005 -5.56 0.085 — 0.00HSI-H4X 41,713.0 -0.015 -5.56 0.255 — 0.00AAX 41,545.6 0.025 8.62 0.315 — 0.00SEACERA 24,098.8 0.010 4.44 0.235 — 0.00SMCAP 22,979.9 0.025 14.71 0.195 1.05 0.00CARIMIN 22,316.1 0.115 19.17 0.715 — 0.00MYEG-C55 21,285.1 -0.005 -6.67 0.070 — 0.00HSI-C3W 19,919.3 0.025 8.62 0.315 — 0.00HUBLINE 19,723.6 -0.005 -7.69 0.060 — 0.00AIRASIA 19,211.1 0.040 1.29 3.130 3.69 7.77JAG 18,763.3 0.005 6.67 0.080 41.67 2.53VS 18,285.9 0.010 1.25 0.810 9.18 4.88DSONIC 17,393.0 -0.045 -9.09 0.450 13.90 7.07FGV 17,303.2 0.015 1.51 1.010 — 5.28PERMAJU 17,243.5 0.010 2.82 0.365 — 0.00

1,690.41 7.09 4,361.37 31.72 3,187.69 11.81 20,664.64 15.64 27,531.68 45.28 24,528.22 208.981,690.41 7.09 4,361.37 31.72 3,187.69 11.81 20,664.64 15.64 27,531.68 45.28 24,528.22 208.98KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES1,690.41 7.09 4,361.37 31.72 3,187.69 11.81 20,664.64 15.64 27,531.68 45.28 1,690.41 7.09 4,361.37 31.72 3,187.69 11.81 20,664.64 15.64 27,531.68 45.28

KUALA LUMPUR: Th e FBM KLCI closed down 7.09 points or 0.42% at 1,690.41 yesterday after US shares fell overnight on Monday and as US criminal charges against China’s telecom giant Huawei Technologies Co Ltd added uncertainty to prospects of US-China trade talks today and tomorrow. In China stock markets, Hong Kong’s Hang Seng Index closed down 0.16%, while the Shanghai Composite Index fell 0.1%. Elsewhere across Asia, Japan’s Nikkei 225 and South Korea’s Kospi erased losses to close up 0.08% and 0.28% respectively. Reuters reported that Asian shares stumbled yesterday and the US dollar hovered near two-week lows as prospects for a long-awaited US-China trade deal were dealt another blow after the US levelled sweeping criminal charges against Huawei. It was reported that despite the late uptick in share prices, the mood was still gloomy after the US Justice Department unsealed indictments against Huawei accusing it of bank and wire fraud to evade Iran sanctions and conspiring to steal trade secrets from T-Mobile US Inc. Overnight on Wall Street, it was reported that the Dow Jones Industrial Average and S&P 500 Index each lost 0.8% and the Nasdaq was off more than 1%. It was reported that the losses came as shares of Caterpillar and Nvidia Corp nosedived after the two manufacturers joined a growing list of companies cautioning about the crippling eff ects of softening Chinese demand. — by Supriya Surendran

KLCI down amid trade talks uncertainty

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