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CORPORATE
& MARKET
2
Bouygues UK
bags £1b job
for Phase 3
of Battersea
Power Station
Migrant crisis in Europe
Latest developments
Nickelsdorf, AUSTRIA
Around 5,800 cross the main
crossing point from Hungary
overnight Monday and
throughout Tuesday
Vienna, AUSTRIA
Around 5,000 migrants spend
Tuesday night at Westbahnof
station and nearby accommodation
Salzburg, AUSTRIA
Tensions at main train station
as large numbers of
migrants arrive Tuesday
Bavaria, GERMANY
2,000 new migrants registered,
40 traffickers arrested since border
controls are introduced on Sunday
Passau, GERMANY
Police officers wait for passport
control at the German-Austrian
border, Sept 14, 2015
Photo: Christof Stache
4
Tasco sees
growth picking up
in second half
of FY16
CORPORATE
& MARKET
5
SMPC seeks to
boost earnings
with high-end
steel products
CORPORATE
& MARKET
Updated September 16
HUNGARY
174 people arrested Tuesday after
new anti-migrant law comes
into force against ‫ؚ‬illegal bordercrossing‫ؚ‬, with prison term of
up to 3 years
HUNGARY-SERBIA border
Hungary effectively seals
border Tuesday, blocking
a gap in the fence with
razor-wire
Sid, SERBIA
First busload of migrants
on a new route from
Macedonia arrives at border
town Wednesday
AEGEAN SEA
At least 22 Greece-bound
migrants drown when their
boat sinks Tuesday
23
Immigration to
boost workforce
in Europe
6
Ananda among
SEA billionaires
feeling pain of
devaluation
GENERAL
NEWS
12
Padang Merbok
a sea of red
during rally
INTERNATIONAL
BUSINESS
18
Global markets
wait nervously for
Fed’s decision
|
STI 2868.74
26.80
GOLD US$1108.20
|
RM/USD 4.3042
5.60
MERELY A
MATTER OF
CONFIDENCE?
The Malaysian economy is still growing; the issue is only a lack of
faith from investors and the rakyat. But external headwinds are
gaining strength. Esther Lee has the story on Page 3.
2
T HUR SDAY SEP TEM B ER 17, 2 0 1 5 • DI GI TA L EDGE DAI LY
For breaking news updates go to www.theedgemarkets.com
IN BRIEF
ON EDGE T V
ACCCIM:
Ringgit will
continue to
dip in coming
months
Dr M: The ‘red
shirt’ does not
champion the
Malays
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Bouygues UK bags
Battersea £1b job
Schools nationwide
to reopen today
— education ministry
Phase 3 due to start in first quarter of 2016
KUALA LUMPUR: Battersea Power Station Development Co (BPSDC), the development manager
of the Battersea Power Station
project in London, has appointed Bouygues UK as the preferred
contractor for Phase 3 of the project, with a contract worth over
£1 billion (RM6.51 billion).
“The final construction contract will have a value in excess
of £1 billion, making it one of the
largest private building contracts
ever to be awarded,” said BPSDC
in a statement.
Work on Phase 3 is due to start
in early 2016, alongside the ongoing construction of Circus West
(Phase 1) and the regeneration of
the power station itself (Phase 2).
BPSDC said together, Phase 1,
2 and 3, will be the largest single
development project in central
London since Canary Wharf.
“Phase 3 is a key part of the
regeneration of the Battersea project, and features a new pedestrianised high street for London,
known as The Electric Boulevard.
“The boulevard will be the
main gateway to the entire Battersea development, connecting
the Northern Line Extension station to the south of the site with
the power station itself,” it added.
Phase 3 will comprise 1,305
homes in a range of sizes and
styles on either side of the 250m
long split-level boulevard that will
offer 350,000 sq ft of space dedicated to retail and food and beverage outlets and will lead people
through the Malaysia Square set
to the immediate south of the
power station.
“The appointment of Bouy-
An artist’s
impression
of The
Electric
Boulevard.
gues UK as preferred contractor
to build Phase 3 — the gateway
to the power station — is a major
milestone and increases the total
area under construction on site to
approximately five million sq ft,”
BPSDC chief executive officer Rob
Tincknell said in the statement.
“Bouygues UK demonstrated
an impressive approach to the
project and had a clear ability
to address the challenges of the
current London market, resulting
in the best cost and programme
outcomes. We welcome them to
the delivery team that will build
these new landmarks for London,”
he added.
Work is expected to start on the
northern half of the Phase 3 site
in the first quarter of 2016, to be
completed in 2019.
Works on the southern half,
meanwhile, will commence in
2018 and conclude in 2020, in
parallel with the opening of the
Northern Line Extension.
Bouygues Group is well known
for its work on large residential
and mixed-use developments.
Such examples include Eikenøtt
in Switzerland, The Sail @ Marina
Bay in Singapore and the Brickell
City Centre in Miami.
BPSDC said the team from
Bouygues UK will work alongside
Phase 3’s principal consultants
who have already been appointed,
namely Foster + Partners, Gehry
Partners, Adamson Associates,
AECOM, ChapmanBDSP, BuroHappold and LDA Design.
The Battersea Power Station
project is owned by a consortium
of Malaysian investors comprising
SP Setia Bhd (40%), Sime Darby
Bhd (40%) and the Employees
Provident Fund (20%).
Hyundai cautious on self-driving cars
FRANKFURT: The self-driving
car is coming, but not as rapidly
as people think, the head of the
European operations of South Korean carmaker Hyundai, Thomas
Schmid, told AFP yesterday.
“My personal belief is that autonomous driving might come,
but by far not as quick as everyone
says in 10 or 15 years,” Schmid said
in an interview on the sidelines of
the International Automobil-Ausstelung (IAA) motor show here.
Alongside the connected car,
autonomous driving is one of the
new buzzwords in the automobile sector. And futuristic vehicles
that soon may be able to drive
themselves are among the technological highlights of the 66th
edition of the Frankfurt Motor
Show, which opened its doors
to the world press on Tuesday
and will then open to the general
public from Saturday.
Already, many of the latest models on the road are equipped with
assistance systems to help drivers
accelerate or brake in traffic.
“I’m 100% certain that this
[technology] will be part of future products,” Schmid said.
Electronic car parts suppliers,
such as the German group Bosch,
expect “highway pilots” — which
can essentially take over all driving tasks with only occasional
need for human intervention — to
be ready for the market by 2020.
And full autopilot systems without
any human involvement could be
ready by 2025.
But such technology would also
bring with it “huge, huge challeng-
es for our legal systems,” Schmid
cautioned.
People’s relationships with
their cars and individual mobility
are undergoing dramatic change,
Schmid said.
The younger generation no longer
define themselves via their cars.
And in big cities, car ownership
was becoming less and less attractive in view of costs and well-developed public transport systems.
“There’s a tendency all over Europe, both in urban areas and even
in rural areas where fewer and fewer people are actually getting a driving licence,” Schmid said.
So, in the future, autonomous
driving could be administrated by
local authorities and be integrated
into cities’ public transport systems,
Schmid said. — AFP
KUALA LUMPUR: Schools nationwide will reopen today as the
haze situation has shown signs
of improvement. In a statement
here, the education ministry
said the decision was made after scrutinising the Air Pollutant
Index (API) readings nationwide
as of 4pm yesterday. “However,
all state education departments,
district education offices and
schools must continue to monitor the API and can take action based on the parents, with
children who were affected by
the haze, especially those experiencing breathing problems,
need not send their children
to school,” it said, adding that
they should inform the school
of such decision. — Bernama
Two detained for
probe into commotion
at Petaling Street
KUALA LUMPUR: Police detained two men to facilitate the
investigation into the commotion which broke out in Petaling Street after certain participants of the “Red Shirt” rally
tried to breach the police barricade around the area yesterday. Kuala Lumpur police chief
Datuk Tajudin Md Isa said the
duo were detained under Section 105 of the Criminal Procedure Code. “During the rally, a
group of men tried to breach
the police barricade to enter the
Petaling Street area. While trying
to stop the group, a policeman
sustained a broken finger, while
another sustained head injuries,
believed to have been caused by
knocking with a hard object,” he
told Bernama here. — Bernama
Nestle loses Kit Kat
trademark claim
in EU top court
LUXEMBOURG: Swiss food giant Nestle failed yesterday in a
bid to get the European Union’s
(EU) top court to let it trademark
the shape of its four-fingered Kit
Kat chocolate bar in Britain. The
European Court of Justice said
Nestle had to prove consumers
could identify the wafer snack by
its appearance alone — without
markings or labels bearing the
Kit Kat name. It referred the case
back for a final ruling to Britain’s
High Court, which had thrown
out the trademark application in
2013, following an appeal by rival
confectioner Cadbury. — AFP
Yale to be paid interest
on Dutch water authority
bond from 1648
NEW HAVEN: The 1,000 guilder-bond (US$509 or RM2,158),
which is written on goatskin, is
among five of the world’s oldest bonds that still pay interest,
according to Clarion Wegerif,
a spokesman for the water authority. The money will be paid
out on Monday. Yale contacted
the agency to collect the interest, Wegerif said in a phone interview from Houten, the Netherlands. “We’ll be handing out
a symbolic cheque and wire the
rest.” — Bloomberg
C O R P O R AT E & M A R K E T 3
T H U RSDAY S E P T E MB ER 17, 2015 • D IG ITA LED G E DA ILY
Pessimism persists despite higher auto sales
BY A H MA D NAQ I B I DRIS
KUALA LUMPUR: Malaysian Automotive Association’s (MAA) latest
sales data show Malaysians bought
more cars in August compared with
the same month last year.
The higher sales, however, failed
to convince investment analysts
that automakers’ earnings growth
would rebound higher as well.
“We are still underweight on the
auto sector. The rise in sales was
mostly due to promotional activities carried out by retailers, which
included giving discounts and freebies,” said Hong Leong Investment
Bank Bhd’s (HLIB) investment an-
alyst Daniel Wong.
Wong said while promotional
activities will help boost car sales,
the higher sales volume would be
achieved at the expense of thinner
margins.
He added that the depreciation
of the ringgit against the US dollar,
yen and the euro will also squeeze
carmakers’ profit margin going forward, given that imported inputs
are denominated in foreign currencies. He anticipates that the adverse
impact from the weak ringgit will
be reflected in the coming financial quarters.
The MAA said sales of new vehicles in August grew 4.5% to 53,452
units from 51,126 units in the previous corresponding month, driven
by the passenger vehicle segment,
which grew 5.4% to 47,302 units.
On a month-on-month (m-o-m)
basis, the MAA said August sales
volume shrank 8.9% from 48,258
units in July. Analysts said July sales
were mainly driven by Hari Raya
promotions during the month.
Total vehicle sales for August
were dragged down by the commercial vehicle market, which saw
sales down by 1.3% to 6,150 units
from 6,228 units a year ago.
For the first eight months of the
year, the MAA said the total industry volume (TIV) stood at 434,282
units, down 2.3% from 444,551 units
recorded in the same period last
year as both the passenger and
commercial vehicle segments saw
a drop in numbers.
The number of new passenger
cars sold during the period fell 2.2%
to 386,471 units from 395,264 units
a year ago, while commercial vehicle sales dropped 3% to 47,811
units from 49,287 units.
The lower sales were partly affected by the expectation that car prices
would be lower after the implementation of the goods and services tax.
Affin Hwang Investment Bank
Bhd expects the auto sector to perform better in the second half of
2015, as it expects sales to pick up
towards the end of the year.
“Sales are expected to pick up
by year-end as promotional campaigns encourage consumers to
spend. Although the campaigns
will affect margins, it will be more
beneficial for auto companies to
expand their market share,” said
the research house.
Despite the fall in TIV between
January and August, Affin Hwang
said the lower sales were within
expectations, and maintained its
TIV forecast of 670,000 units for
the year.
Affin Hwang’s top pick for the
auto sector is MBM Resources Bhd.
Merely a matter of
lacking confidence?
Our economy isn’t contracting, only deficient in faith
from investors and the rakyat, say some economists
BY ESTHER L EE
KUALA LUMPUR: As the ringgit
depreciates steeply, Malaysians
believe the government ought to
do something to stem the bleeding. However, some are of the view
that it is more a confidence issue,
with the country not facing major
economic woes since the domestic economy is still growing.
“I don’t think that the economy
needs any stimulus [measures]
from the government now. The
numbers show that the economic
fundamentals are still intact. But
yes, you can’t deny that there is a
[shortage of ] money supply and
reserves,” said an economist, who
declined to be named.
The economist said unlike the
1997/98 Asian financial crisis, the local economy isn’t contracting now.
“The government is looking at
shoring up investments to boost
confidence at the domestic level.
If funds flow back into the economy, the ringgit should regain its
strength,” said the economist when
commenting on the RM20 billion
injection into ValueCap Sdn Bhd
to support the local stock market.
Bank Negara Malaysia last
week reiterated its annual gross
domestic product (GDP) growth
forecast of 4.5% to 5.5% when
announcing that it’s keeping the
overnight policy rate at 3.25%.
The FBM KLCI shot up over 30
points after Prime Minister Datuk
Seri Najib Razak, who is also finance minister, announced that
an additional RM20 billion is to
be injected into ValueCap, but the
buying momentum has yet to gather steam on Bursa Malaysia.
Since the beginning of this year,
RM11.7 billion in foreign funds
has flowed out of the country,
far exceeding the total outflow
of RM6.9 billion in 2014.
The capital flight has exerted
tremendous pressure on the ringgit, which has plunged about 23%
against the US dollar year to date,
making it one of the worst-performing currencies in Asia. Expectation
of an interest rate hike in the United
States is strengthening the greenback, with the devaluation of the
Chinese yuan also depressing the
ringgit. The ringgit was trading at
3.49 at the beginning of the year,
and it has now hit 4.30 — the lowest
level in 17 years. Being an oil-producing country is also not helping
the ringgit as oil prices remain soft.
Exporters, such as rubber glove
manufacturers, furniture makers
and semiconductor companies, are
over the moon about their strong US
dollar-denominated earnings, but
auto firms and retailers are hard hit
by the weak consumer spending
and more expensive imported parts.
Bank Negara’s international
reserve shrunk below the US$100
billion mark to US$94.5 billion as
at Aug 14, as a result of the heavy
outflow of funds.
GDP growth decelerated to 4.9%
in the second quarter (2Q) versus
5.6% in the 1Q, partly because more
Malaysian consumers spent less after the implementation of the goods
and services tax in April. Consumer spending expanded 6.4% in 2Q,
compared with 8.8% in 1Q.
The Malaysian Institute of Economic Research’s Consumer Sentiments Index slipped to a sixyear low of 71.7%. And household
debts are still high at above 80%.
Job retrenchments do not boost
consumer sentiment either.
In the monetary policy state-
ment dated Sept 11, Bank Negara
said that while the global economic recovery is expected to
continue, the downside risks to
growth have increased due to the
moderating growth momentum
in major emerging-market economies, uncertainty in commodity
prices and the heightened volatility in financial markets.
In other words, the external
headwinds are getting strong —
something that is likely to dampen
the domestic economic growth. To
withstand any possible external
shock, the government needs to
ensure the engines that drive domestic consumption and investments are working well.
Kenanga Research economist
Wan Suhaimie Saidie said the government faces a tricky task to meet
the fiscal deficit target. Meanwhile,
national debt is near its self-imposed
ceiling and the goverment committed to the hefty development costs
under the 11th Malaysian Plan.
Wan Suhaimie believes fiscal
consolidation needs to continue.
“It depends on how much the government would be able to collect to
offset the operating expenditure of
its [targeted development],” he said.
He reckons the government
might announce measures, for instance income tax cuts, in the upcoming National Budget expected
next month, to alleviate the rising
cost of living, especially among the
middle- to low-income groups.
Economists are hopeful that
measures in the upcoming budget
would help to boost local confidence with the help of the newly
formed economic committee.
“[This calls for the] government
to get its house in order. It’s a huge
task,” said another economist.
(From left) Aemulus Holdings executive director and chief financial officer Kan KyVern, executive director and chief operating officer Yeoh Chee Keong, independent
non-executive director Ong Chong Chee, independent non-executive chairman Chok
Kwee Bee and Ng. Photo by Sam Fong
Aemulus: Semiconductor industry
slowdown to be short-lived
BY Y IMIE YO N G
KUALA LUMPUR: Aemulus Holdings Bhd, which closed at a 41.07%
premium on its maiden trading day
on Tuesday, expects the current
slowdown in the semiconductor
industry to be “short-lived”.
“Yes, I am worried about the
slowdown in the semiconductor
industry, but after talking to suppliers, I think it is short term. It doesn’t
worry the company as a whole,” its
executive director and chief executive officer Ng Sang Beng told
reporters after the group’s listing
ceremony on Tuesday.
Ng said the Penang-based firm
is also involved in the replacement
of wireless IC tests in mobile devices, which will help mitigate the risk
of a slowdown in the economy.
“We are involved in the [design,
engineering and development of]
automated test equipment (ATE),
which is a matured business. There
are two modes of business — the
growth mode which is subject to
market volatility, and the replacement mode,” he said.
Ng said Aemulus also serves the
cloud technology segment, which
he expects to grow continuously.
Aemulus raised RM24.58 million in proceeds through its listing on the ACE Market of Bursa
Malaysia. Ng said the group will
be focusing more on research and
development activities for which
RM6 million of the initial public
offering (IPO) proceeds have been
allocated.
The group also expects better
performance in the current financial year ending Sept 30, 2016 as the
group stands to benefit from the
weakening of the ringgit against
the US dollar.
Ng said 60% of the group’s sales
are denominated in US dollars.
However, Aemulus will focus on
growing its ATE business and not
just depend on the weaker ringgit
to boost its earnings growth.
Currently, Aemulus’ main
overseas markets include China, the United States, the Philippines, Singapore, Thailand and
South Korea. The group is eyeing
Taiwanese and Japanese markets next.
Aemulus shares opened at 36
sen on Tuesday, an 8 sen or 28.6%
premium over its IPO offer price
of 28 sen, with 5.81 million shares
traded. The stock closed 11.5 sen
higher at 39.5 sen, with 92.26 million shares changing hands, making
it the second-most actively traded
stock on Bursa.
The Edge Research’s fundamental
score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers.
The valuation score determines if a
stock is attractively valued or not,
also based on historical numbers.
A score of 3 suggests strong fundamentals and attractive valuations.
Go to www.theedgemarkets.com
for more details on a company’s
financial dashboard.
4 C O R P O R AT E & M A R K E T
IN BRIEF
Tasco sees growth picking
up in second half of FY16
But unlikely to repeat record revenue and net profit
BY C H ESTER TAY
KUALA LUMPUR: Tasco Bhd, a
total logistics solutions provider,
is confident of a pickup in growth
from here on, after its first quarter
of financial year 2016 (1QFY16)
earnings were dragged down by a
slowdown in the global economy.
Its executive chairman Lee
Check Poh said the 1Q (April to
June) had traditionally been the
weakest quarter of each year for
the group due to seasonal fluctuations, but the situation had been
made worse by a downturn in the
global trade cycle.
“However, Malaysian export
data has shown an uptrend in June
and July, and thus, we expect to
perform better in the second quarter, compared with the first quarter,” he told the digitaledge DAILY
after the group’s annual general
meeting on Tuesday.
Export growth moderated to
3.5% year-on-year to RM63.2 bil-
lion in July, from 5% in June and
6.7% in May.
On its part, Lee said Tasco had
been looking at ways to improve
its profitability by renegotiating
or withdrawing from unprofitable
businesses, and managing its costs
prudently.
“We have dropped some unprofitable accounts (customers), and at
the same time [have] renegotiated
for better rates or fees with some
others,” he added.
Lee expects the group’s business
to pick up steam in the second half
of FY16 as year-end holidays like
Christmas drive up the movement
of cargo.
Nonetheless, Lee declined to
give earnings and revenue projections for FY16, saying that Tasco’s
performance for the rest of 2015
will move in tandem with economic
conditions.
In its results announcement
for 1QFY16, Tasco said that after
achieving a record revenue and
net profit for FY15, it had a tough
benchmark to follow as it went
into FY16.
This was evident in its weaker 1QFY16 results, which saw net
profit fall 38.9% to RM6.09 million
from RM9.97 million a year ago,
while revenue dropped 11.8% to
RM118.84 million from RM134.8
million in 1QFY15. Tasco attributed
the lower quarterly net profit and
revenue to a decrease in revenue
from both its international business
solutions and domestic business
solutions segments.
On the weakening ringgit, Lee
said while it had resulted in additional costs for Tasco’s trucking division as spare parts of the group’s
trucks are imported, this was offset
by increased US dollar-denominated revenue. For 1QFY16, Tasco’s trucking division contributed
17.2% of the group’s revenue of
RM118.84 million.
Lee also pointed out that Tasco’s
US dollar-denominated loans are
fully hedged and thus, safeguard
the group from fluctuations in foreign currency exchange rates.
As at June 30, Tasco’s long-term
bank loans stood at RM42.05 million, while its short-term bank
loans were at RM17.22 million. Its
cash pile totalled RM22.77 million.
Tasco (fundamental: 1.8; valuation: 1.4) shares closed 18 sen or
5.29% higher at RM3.58 on Tuesday, with a market capitalisation
of RM358 million.
score reflects a company’s profitability and balance sheet strength,
calculated based on historical numbers. The valuation score determines
if a stock is attractively valued or
not, also based on historical numbers. A score of 3 suggests strong
fundamentals and attractive valuations. Go to www.theedgemarkets.
com for more details on a company’s
financial dashboard.
SAFETY FIRST ... Eight oil and gas
companies on Tuesday signed a collaboration
agreement with Petroliam Nasional Bhd and the
Malaysian Maritime Enforcement Agency to be part
of the ongoing Sahabat Maritim safety outreach
programme for fishing communities in Sabah and
Labuan. Shell Malaysia Ltd, Murphy Oil Corp, Hess
Corp, UMW Oil & Gas Corp Bhd, ConocoPhillips
Malaysia, Petrofac Ltd, Repsol SA and SapuraKencana
Petroleum Bhd will help to educate fishermen about
the safety implications of activities conducted close to
offshore oil platforms in the two areas.
KUALA LUMPUR: Water-related
companies involved in the Langat
2 project have yet to receive any notification from the federal government
on commencing work on the water
treatment facilities.
Last week, the federal and Selangor governments signed four
supplement agreements, which
would resolve the disputing issues.
However, water-related companies are still not sure about the
latest status of the Langat 2 project.
Nonetheless, they remain positive that the project will take off and
that it will be a source of more infrastructure contracts in the industry.
Jaks Resources Bhd said it is still
waiting for the finalisation of the
details of the Langat 2 project.
“Once they conclude the deal,
we are confident of clinching
more packages from the project,”
Jaks Resources general manager
for corporate strategy Steven Ang
said after the company’s extraordinary general meeting (EGM)
on Tuesday.
The company’s subsidiary Jaks
Sdn Bhd last year bagged a contract
for the supply and installation of
pipes for the Langat 2 water treatment plant valued at RM55.3 million.
In the EGM, shareholders approved a joint venture between the
company and China Power Engi-
KUALA LUMPUR: SapuraKencana Petroleum Bhd’s net
profit sank 77% to RM104.09
million in the second quarter
ended July 31, 2015 (2QFY16)
from RM445.8 million a year
earlier, primarily on massive
asset impairment provision of
RM539.9 million. Revenue grew
to RM2.8 billion from RM2.69
billion. Cumulative first half of
FY16 net profit fell to RM364.78
million from RM955.22 million
a year earlier. Revenue was lower at RM5.06 billion, compared
with RM5.14 billion a year ago.
President and group chief executive officer Tan Sri Shahril
Shamsuddin said the RM23 billion order book to date provides
certainty in revenue in the next
few years, with RM5.8 billion
already secured for FY17.
Astro posts flat 2QFY16
results, declares dividend
KUALA LUMPUR: Astro Malaysia Holdings Bhd recorded a
flat net profit of RM137.24 million or 2.64 sen per share in the
second quarter ended July 31,
2015 (2QFY16), compared with
RM137.66 million or 2.65 sen
per share in the previous corresponding quarter. Quarterly
revenue rose 1.5% to RM1.37
billion against RM1.35 billion
previously. The group declared a
second interim dividend of 2.75
sen per share for FY16. For the
first half of FY16, Astro’s accumulated net profit grew 13.2%
to RM305.54 million, or 5.88
sen per share, against RM265.99
million or 5.12 sen per share
previously. Revenue expanded 3.7% to RM2.7 billion from
RM2.603 billion previously.
Court rules in favour of
Zelan in tax refund case
No sign from federal govt on progress of Langat 2
BY GH O C H EE Y UAN
SapuraKencana’s net
profit sinks 77%
neering Consulting Group Co Ltd
to jointly build and run a US$1.87
billion (RM7.93 billion) 1,200mw
power plant in Vietnam, which
comes under a 25-year concession.
Jaks Power Sdn Bhd executive
chairman Goh Theow Hiang said
the project will start to contribute to
the group’s earnings next year. According to him, construction is expected to start early next year, while
electricity generation is scheduled
to begin in 2020.
Goh said Jaks Resources is expected to recognise some US$454
million construction revenue from
the engineering, procurement and
construction contract during the
construction period. He also noted
that the group would earn recurring
income from the power generation.
On the outlook, Jaks Resources
said its property and construction
segments would continue to contribute greatly to its earnings.
Ang said the company’s construction order book remained
healthy and stood at RM700 million as at June 30.
“On the property side, we have
unbilled sales of RM400 million. We
are also looking at new orders from
the construction side to replenish
our order book,” Ang said.
Jaks Resources shares closed 2.5
sen or 2.63% higher at 97.5 sen on
Tuesday, with a market capitalisation of RM427.4 million.
KUALA LUMPUR: BUT Zelan
Holdings (M) Sdn Bhd, a subsidiary of Zelan Bhd, is entitled
to 72.49 billion rupiah (RM21.3
million) in tax refund claims.
Zelan said the Supreme Court
of Indonesia had ruled in favour of its Indonesian branch
over a legal dispute of income
tax paid for financial year 2007
(FY07). The court held that the
income tax paid by BUT Zelan
Holdings to the Indonesian authorities for FY07 shall be 1.73
billion rupiah. As BUT Zelan
Holdings has paid 74.22 billion rupiah, it stands to claim
a refund of 72.49 billion rupiah.
Mega First enters into
agreement with Laos govt
KUALA LUMPUR: Mega First
Corp Bhd’s subsidiary Don Sahong Power Co Ltd has entered
into a concession agreement
with the Laos government to
develop the US$500 million
(RM2.15 billion) 260mw Dan
Sahong Hydropower Project. The
concession shall end 25 years
after the commercial operation
date expected to be in early 2020.
Power generated shall be sold to
Electricité Du Laos. Project costs
are expected to be funded by
internally generated funds and
long-term debts.
C O R P O R AT E & M A R K E T 5
SMPC seeks to boost earnings
with high-end steel products
As it moves away from trading scrap metal due to weaker selling price
BY SU PRI YA SU REN DRAN
GEORGE TOWN: SMPC Corp Bhd
is moving away from its traditional business of manufacturing and
trading scrap metal to high-end
steel products to improve its earnings for the current financial year
ending March 31, 2016 (FY16).
Its executive chairman Ooi
Chieng Sim said a strategic decision to change the group’s focus
is due to weaker selling price in
trading scrap metal for recycling.
“We believe that the scrap metal
business has become a sunset business. On the other hand, high-end
steel products offer better margins.
While we may not be able to control our revenue as this is determined by global steel prices, we
can control our costs,” he told the
digitaledge DAILY in an interview.
“[However], I don’t think the
group will be seeing a phenomenal
jump in earnings [due to the shift
in strategy]. But what I can say is
that our performance in FY16 will
improve [compared with] FY15,
driven by contribution from [these]
high-end steel products,” Ooi said.
The high-end products will be
used to service the oil and gas
(O&G) industry, as well as the re-
tail and commercial industries.
“For example, we currently
supply high-end metal products
for drilling activities in the O&G
industry, and metal roofing for
Tesco and Mydin hypermarkets
in Malaysia,” he said.
SMPC reported a 37.8% drop
in net profit to RM720,000 for its
first financial quarter ended June
30, 2015 (1QFY16) from RM1.16
million a year ago, while revenue
slipped 23.1% to RM26.67 million
from RM34.7 million in 1QFY15,
hurt by weak global steel prices.
The implementation of the goods
and services tax also affected the
group.
SMPC also manufactures steel
furniture and plans to capitalise
on the weak ringgit against the US
dollar by tapping into the export
markets for its furniture.
“Previously, our target market for our furniture business was
the local market because the export market for steel furniture was
dominated by China. But given the
slowdown in China’s economy and
the weak ringgit, we have decided
to export our furniture to markets
like India and Europe,” said Ooi.
He said the group plans to manufacture polyethylene terephtha-
Economy on right track,
says Treasury’s Mohd Irwan
KOTA KINABALU: Treasury Secretary-General Tan Sri Dr Mohd Irwan
Serigar Abdullah said Malaysia’s
economy is on the right track and
still expanding, dismissing social
media speculations that the country
would be bankrupt following the
fall in the ringgit’s value and lower
global oil prices.
“The fall is a global phenomenon felt by several other nations
with commodities-based economies
amid the strengthening US dollar.
If you look at a country like Russia,
which is overly dependent on oil,
it is facing an even worse situation
than Malaysia. And it’s the same
with Brazil, Australia and New Zealand,” he said during a briefing at
the “Enhancing National Unity and
Integration Conference: Towards a
Common Destiny — Where Do We
Go From Here?” held here yesterday.
The conference, organised by the
National Unity and Integration Department and Asian Strategy Leadership Institute, was opened by Prime
Minister Datuk Seri Najib Razak.
Mohd Irwan said the country’s
current economic crisis was caused
not just by the slowing world economy but also by “political noises”
in Malaysia.
“The political noises, which are
unnecessary but controllable, have
to some extent affected the country’s economy,” he said, adding that
the government has taken several
proactive measures to mitigate the
crisis which it hopes to overcome
in a few months’ time in order to
stabilise the economy.
“We are also going to table
Budget 2016 on Oct 23, when more
strategies and measures will be
announced by the prime minister,” he said.
At the conference, Mohd Irwan
touched on the government’s focus
on developing Sabah, including
providing funds for the construction of the Pan Borneo Highway
linking the state with Sarawak.
“An estimated RM12.6 billion
will be for upgrading a 706km
stretch of the highway in Sabah
including for the construction of
new roads.
“The existing roads are too narrow. We want to broaden them and
build bypasses to make it easier for
drivers,” he said.
The federal government is also
providing various other allocations
for the state, including for maritime
security, he said. — Bernama
late (PET), which is a thermoplastic
polymer used to make water bottles
and fibres for clothing.
“We plan to venture into the
PET business as it generates high
margins. We have identified a business partner for this venture. An
announcement will be made soon
on details of this development,”
said Ooi.
Besides its core steel business,
the group had initially planned
to develop its 27.9-acre (11.29ha)
plot of land in Kedah. However,
this project [is on hold] for now,
due to the soft property market
condition.
“We have not scrapped our
property development plans. We
will first assess the country’s economic situation. If it recovers, we
will start developing our land bank,
or maybe look for a development
partner for our property development activities. In the meantime,
*
PM:
National
unity only
meaningful
if no group
marginalised
Page 12
we will look at acquiring more land
bank,” said Ooi.
Currently, the group’s total land
bank stands at some 75 acres located mainly in Penang, Kedah, Shah
Alam and Kuala Lumpur.
Ooi, who joined the SMPC board
as an executive director in 2012
and was appointed its chairman
in November last year, said the
group is looking at a clean slate
with its proposed name change
to Atta Global Group Bhd.
“We decided to change our
group name to Atta Global [as] the
name SMPC did not have a good
reputation in the past in terms of
our credit reliability rating. However, that has changed now as we
have reduced our debt significantly and intend to keep Atta Global
debt-free,” said Ooi.
The group managed to restructure most of its debt by reducing its
borrowings over the past four years
Ooi: We believe that the scrap metal
business has become a sunset business.
from RM98.61 million in FY11 to
RM13.99 million in FY15.
SMPC (fundamental: 1.25; valuation: 2.1) shares were last traded
at 58 sen, with a market capitalisation of RM41.23 million.
score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers.
The valuation score determines if a
stock is attractively valued or not,
also based on historical numbers.
A score of 3 suggests strong fundamentals and attractive valuations.
Go to www.theedgemarkets.com for
more details on a company’s financial dashboard.
6 C O R P O R AT E & M A R K E T
Ananda among SEA billionaires
feeling pain of devaluation
Concern over foreign debts weighing on their companies’ shares and bonds
BY C H RI STOPHER LANGNER
& DAVI D YONG
SINGAPORE: Two of Southeast
Asia’s richest businessmen are
experiencing the weight of the
US dollar strength after loading
their business empires up with
cheap US currency debt.
Anthoni Salim, who controls
the First Pacific Co Ltd conglomerate, and T Ananda Krishnan, a major shareholder of Malaysian mobile phone operator Maxis Bhd,
are feeling the pinch as the rupiah
and the ringgit slump to the lowest since the 1998 Asian financial
crisis. The duo’s companies have
among the most foreign currency
debt in their respective countries,
with dollar liabilities totalling at
least US$3.8 billion (RM16.09 billion) for Salim and some US$2.3
billion for Ananda, data compiled
by Bloomberg show.
While the lessons of the 1998
meltdown have prompted both
tycoons to take out currency hedges and seek to balance cash flows
and liabilities, concern over their
foreign debts is weighing on the
two groups’ shares and bonds.
Although Hong Kong-listed First
Pacific stock is down 38% this year
its bonds are still trading above
par. The pain may be about to get
worse as traders price in a 62%
chance the US Federal Reserve
will raise interest rates by December, with 32% saying a rise could
come as early as this week.
“Without prudent foreign exchange risk management, a company would have increasing interest payments in local currency, a
deteriorating credit profile and
rising hedging costs,” said Mark
Yu, a money manager at Atlanta-based Invesco Advisers Inc,
without referring to any specific
Asean borrower. Pressure won’t
let up in the near term, considering “the Fed is going to hike rates,
global emerging market econom-
ic growth is slowing” and a more
flexible yuan fixing will increase
regional currency volatility, he said.
Since China devalued the yuan
in August, Malaysia’s ringgit has
weakened 7.6%, making it the
worst-performing currency in Asia
ahead of Indonesia’s rupiah, which
is down 6.1%. The peso has weakened 4.3% this year, 2% of that since
the depreciation.
Hong Kong-headquartered First
Pacific, with interests ranging from
noodle maker PT Indofood Sukses
Makmur Tbk to Philippine Long
Distance Telephone Co (PLDT),
had US$1.8 billion of dollar-denominated borrowings as of June
30, its interim report shows. First
Pacific’s main source of income is
dividends from subsidiary companies in Indonesia and the Philippines. Salim, 66, is chairman and
ultimately controls 45.1%.
First Pacific’s operating companies “have been proactively arranging local currency loan funding,”
Sara Cheung, an investor relations
official in Hong Kong at First Pacific,
said. Its Philippines phone company, PLDT, had revenues that were
either denominated in, or linked to,
dollars of more than US$700 million last year. Indofood also derived
US$400 million in export sales in
2014, she said.
Emails and telephone calls to
Salim’s personal assistant based in
Jakarta went unanswered. Salim is
Indonesia’s fifth-richest person. Eu
Jin Song, a Kuala Lumpur-based
spokesman for Bumi Armada Bhd,
one of Ananda’s companies, said
Bumi’s dollar debt is used for projects secured against long-term
contracts that generate US dollar
revenue. Unlike Salim’s companies, Ananda’s foreign debts are
bank loans.
Companies that have strong export earnings may be less affected,
according to Shamaila Khan, an
emerging market money manager at AllianceBernstein Holding
LP, which oversees about US$485
billion.
“Our view has been for the past
three years that we’re going to experience a strong dollar, so what
I’ve been picking are exporters,
companies that are solid exporters
banking on the fact global growth
is not going to be fantastic but it’s
going to be stable,” Khan said, declining to talk about the two tycoons
specifically.
First Pacific’s US$400 million
of 2019 bonds have fallen from a
high this year of 108.057 US cents
on the dollar in April to US 105.506
cents currently, Bloomberg-compiled prices show. They were sold
to investors at par, or US 100 cents
on the dollar, in June 2012. Philippine Long Distance Telephone’s
dollar notes due 2017 are trading
at US108.402 cents compared with
113.517 cents at the start of the year.
PLDT’s indirectly owned Cignal TV
Inc. is starting a television channel
in the Philippines under license
from Bloomberg L.P., the parent
of Bloomberg News.
After sliding, First Pacific’s
shares are trading at an about 38
percent discount to net asset value. PLDT stock has declined 18
percent this year while Indofood
Sukses Makmur has fallen 21.1
percent.
“First Pacific is trading at a significant discount to net asset value,”
Singapore-basedCrispin Francis, a
special situations analyst at Smartkarma Innovations Pte., said. “That’s
related to the currency definitely, as
they’re exposed to emerging markets. I think they’ll survive and do
well though. It’s a huge company
with a very diversified business.”
Volatility in currency markets
and any Federal Reserve rate hike
may make Asian issuers take a more
active approach to managing liabilities, Clifford Chance LLP said
in a report.
Foreign debts of companies
directly and indirectly controlled
Companies related to Ananda owe
more than US$2.3 billion in foreign
currency debt. The Edge file photo
by First Pacific total US$3.83 billion, the company’s mid-year results show. Just over 10% of that
is hedged. The amount includes
US$534.5 million of debt at Salim’s flagship instant noodle maker
Indofood Sukses Makmur, which
has a debt equivalent to 3.44 times
its operational earnings, the second-highest ratio among Indonesia’s largest listed companies,
Bloomberg data show.
Officials at Indofood didn’t immediately respond to an emailed
request for comment.
Companies related to Malaysia’s
second-wealthiest entrepreneur,
77-year-old Ananda, owe more
than US$2.3 billion in foreign currency debt. One, pay TV operator
Astro Malaysia Holdings Bhd, had
some US$296 million of dollar obligations as of April 30, which was
hedged. Officials at Astro Malaysia
also didn’t immediately respond to
a request for comment.
Another company, oil services
provider Bumi Armada Bhd, had
US$1.2 billion of foreign currency
obligations as of June 30. Although
Bumi Armada earns the bulk of its
revenue in US dollars, its clients
are cutting costs amid supply chal-
lenges in the oil and gas industry,
Bumi Armada said in its March 31
quarterly report.
Bumi Armada spokesman Song
said the company’s “contracts are
based on US dollar charter rates
and generate US dollar revenue
for the group.”
Meanwhile, Maxis had US$829
million in foreign debt outstanding as at June 30, its interim report
shows. All that amount was hedged
using cross currency interest rate
swaps. Maxis had debt equivalent to
54.5% of its assets, the fourth-largest
ratio in Malaysia, according to data
compiled by Bloomberg.
T Yoges, a Maxis spokeswoman
in Kuala Lumpur, didn’t reply to two
emails seeking comment. An official working for Ananda also didn’t
respond to requests for comment.
According to RAM Rating Services Bhd, most of Maxis’s dollar
debt is already hedged. “How much
more they are affected by a stronger US dollar depends on the level
where they hedged, but we think
it’s minimal,” Adeline Poh, an analyst in Kuala Lumpur at the ratings
company, said.
RAM rates Maxis’s controlling
shareholder, BGSM Management
Sdn Bhd, AA3 with a stable outlook,
based on the strength of dividend
flows from its 65% indirect stake
in the phone company, Poh said.
Most of Ananda’s or Salim’s individual companies aren’t scored by
the three major ratings companies.
Standard & Poor’s has downgraded
seven companies in Indonesia this
year and one in Malaysia versus
zero upgrades, Bloomberg-compiled data show.
Stock in Bumi Armada is down
17% this year while Maxis’ shares
have slipped 2.2%. That compares
with a 6.5% decline in the FTSE
Bursa Malaysia KLCI Index.
“Foreign exchange risk management should be an essential part of a
company’s financial management,”
Invesco’s Yu said. — Bloomberg
OECD trims growth outlook but urges Fed action this week
PARIS: The global economic outlook
has grown darker than it was only
a few months ago, but the United
States is doing well enough that its
central bank should go ahead with
its first rate increase since the financial crisis, the Organisation for
Economic Cooperation and Development (OECD) said yesterday.
The world economy is set to grow
3% this year and 3.6% next year, the
Paris-based OECD said in an update
of its forecasts for major economies.
It trimmed its estimates from
3.1% and 3.8% in June, citing pri-
marily a slowdown in emerging
market economies like China and
Brazil.
“Global growth prospects have
weakened slightly and become less
clear in recent months,” OECD chief
economist Catherine Mann told
Reuters in an interview.
The US stood out as a bright spot.
The OECD raised its growth outlook
for this year to 2.4% from 2% in June.
It lowered its 2016 forecast to 2.6%
from 2.8% previously, though.
The OECD saw more arguments
in favour of the US Federal Reserve
(Fed) raising interest rates than
standing pat when its policymakers
end their two-day meeting today
rather than at their next meeting
at the end of the year.
“Raising interest rates now would
remove uncertainty in the markets,”
Mann said. The pace of future increases was more important than
whether the Fed acted now or in
December, according to the OECD’s
simulations, she said: “The path
matters four times as much as the
timing.”
Looking at the eurozone, its out-
look was the brightest in four years.
Its growth was projected at 1.6% this
year and 1.9% next year.
However, the bloc should be
growing as much as a full percentage point faster, Mann said, with a
weak euro, low interest rates and
oil prices in its favour. It was not
because it remained too burdened
by its debts, she said.
The eurozone’s priority should
be repairing the banking system
and tackling bad loans, she said,
rather than extending or expanding the European Central Bank’s
bond-buying programme as some
economists have suggested following recently weak inflation data.
The OECD slightly lowered its
growth estimate for China to 6.7%
for this year and 6.5% next year after
a string of disappointing data and
plunges on its stock market.
Brazil was a particularly weak
spot in the global economic outlook. The OECD forecast its economy would contract 2.8% this year
and 0.7% next year as it struggles
with a collapse in the price of commodities it exports. — Reuters
P R O P E RT Y S NA P S H
T 7
Source: theedgeproperty.com
What are developments priced
in Subang/Ara Damansara?
• Today, we continue our focus on Subang and Ara Damansara by looking
at average prices on a per square foot (psf) basis. Based on transactions
analysed by theedgeproperty.com, the combined average price of nonlanded properties was RM384 psf in 3Q2014, up 29.8% y-y.
• Taken as a whole, the number of low-cost apartments and flats far
overwhelm condominiums in the area, most of them in Subang. Despite
a slowdown in transaction activity in the lower-end segment, in the 12
months to 3Q2014, the large majority (41.5%) of transactions still fell within
the under RM200 psf range. The next largest price range was the RM201 —
RM400 psf range, accounting for 24.5% of transactions.
• The most expensive addresses is Oasis Serviced Suites with an average
price of RM744 psf. The average price here has been driven up by the high
number of studio units transacted. In the review period, studio units were
sold between the range of RM720 — RM860 psf. Relative to Pacific Place,
asking prices at Oasis Serviced Suites are slightly higher, owing to the better
facilities and the premium associated with the developer, Sime Darby.
• Pacific Place comes in third with an average price of RM566 psf. While there
is more variety here, the units are smaller than at Oasis Serviced Suites. For
a 2-bedroom configuration, Oasis offers units sized at 944 sq ft while Pacific
Place offers slightly more compact units sized between 864 to 906 sq ft.
• Unsurprisingly, the cheapest buildings are the low-cost apartments and
flats such as the Taman Subang Perdana flats (RM133psf) and Pinggiran
Subang Apartment (RM153 psf).
The Analytics are based on the data available at the date of publication and may be subject to further revision as
and when more data is made available to us.
Subang/Ara Damansara Top 5 most expensive condominiums/apartments
by average price per square foot
Subang/Ara Damansara Top 5 least expensive condominiums/apartments
by average price per square foot
For more of such information across Malaysia and Singapore, log on to the
theedgeproperty.com. The one-stop portal for all your property needs,
theedgeproperty.com offers price and transaction records, trend analysis,
research classifieds, and more – all for FREE!
What’s hot in Subang/Ara
Damansara?
• Today, we look at price growth and indicative asking rental yields for
non-landed residences in Subang and Ara Damansara. From analysis of
transactions by theedgeproperty.com, the low-cost apartments and flats
charted the highest growth in capital values on a percentage basis.
• Subang Impian, located close to Subang Bestari, gained 35.6% y-y to reach
RM163 psf in average price in the 12 months to September 2014.
• Within the mid-end segment, Puncak Nusa Kelana in Ara Damansara saw
its average price here up 30.8% y-y to RM443 psf over the same period. The
project also recorded the highest gain in absolute average price with an
increase of RM104 psf from the previous year. Future developments in the
vicinity of Puncak Nusa Kelana include The Potpourri and Urbana.
• From observation of asking rentals as at June 2015, Pangsapuri Merak
within Kampung Melayu Subang appears to generate the highest rental
yields at 8.0% annually, due to its low capital value (RM179 psf). The
upscale Elmina development by Sime Darby is just down the road.
• In Ara Damansara, the highest yields can be found at Puncak Nusa Kelana
(4.9%), Oasis Serviced Suites (4.7%) and Puncak Seri Kelana (4.6%).
• The average rental rate at Pacific Place stands at RM1.74 psf, translating into
modest indicative rental yields of 3.7% per annum. This could be due to the
high supply. However, both rental rates and capital values at Pacific Place
could pick up with the completion of the Ara Damansara LRT station along
the Kelana Jaya line. Pacific Place would be the only high-rise residence to
be situated within walking distance of the upcoming LRT station.
The Analytics are based on the data available at the date of publication and may be subject to further revision as
and when more data is made available to us.
Subang/Ara Damansara Top 5 condominiums/apartments
by average price annual growth
Top 5 condominiums/apartments in Subang/Ara Damansara with highest indicative
asking rental yield
by average price annual growth
For more of such information across Malaysia and Singapore, log on to the
theedgeproperty.com. The one-stop portal for all your property needs,
theedgeproperty.com offers price and transaction records, trend analysis,
research classifieds, and more – all for FREE!
8 ST O C KS W I T H M O M E N T U M
This column is an analysis done by Asia Analytica Sdn Bhd on the fundamentals of stocks with momentum that were picked up using proprietary algorithm by Anticipatory
Analytics Sdn Bhd and that first appeared at www.theedgemarkets.com. Please exercise your own judgment or seek professional advice for your specific investment needs.
We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.
JAKS RESOURCES BHD (-ve)
JAKS Resources (Fundamental: 0.65/3, Valuation: 1.50/3) rose 2.6% on heavy volume
to close at 97.5 sen. Since being picked by
our momentum algorithm on Apr 8, 2015,
the stock has risen by 53.5%.
On Tuesday, shareholders approved the
company’s joint venture with China Power
Engineering Consulting Group Co. to develop and run a 1,200MW thermal power plant
in Vietnam. The project is expected to cost
US$1.87 billion (RM8.0 billion) and is Jaks’
maiden foray into power generation.
JAKS RESOURCES BHD
At the moment, revenues are mainly derived from water infrastructure construction
and property development. For 1HFY2015
ended June, the former accounted for 56% of
revenues whereas the latter contributed 22%.
Jaks has a construction order book of
RM700 million and unbilled property sales
of RM400 million as at June 30, 2015.
The stock trades at a trailing 12-month P/E
of 26.7 times and has net debts of RM514.7
million. It does not have a history of paying
out dividends.
Valuation score*
1.50
0.65
Fundamental score**
26.00
TTM P/E (x)
0.21
TTM PEG (x)
0.89
P/NAV (x)
TTM Dividend yield (%)
416.44
Market capitalisation (mil)
Shares outstanding (ex-treasury) mil 438.36
1.74
Beta
0.38-1.00
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
POH HUAT RESOURCES HOLDINGS BHD (-ve)
FURNITURE manufacturer Poh Huat (Fundamental: 2.1/3, Valuation: 2.4/3) saw its
share price rise to an intraday high of RM3.05,
after releasing stellar 3QFYOct2015 results
on Monday. The stock pared some gains to
RM2.95 at market close.
Net profit for 3QFY2015 soared 174%
y-o-y to RM10.6 million, boosted by higher
margins from economies of scale as well
as forex gains of RM3.4 million. Notably,
net profit for 9MFY2015 totalled RM23.3
million, accounting for some 98% of
POH HUAT RESOURCES HOLDINGS BHD
FY2014’s full year net profit.
The company also declared a second
interim dividend of 3 sen per share, which
will go “ex” on September 30. This brings
year-to-date dividends to 6 sen.
A pioneer in high-tech eco-friendly
manufacturing, using natural veneer, solid
and reconstituted wood-panels, Poh Huat
has manufacturing plants in Vietnam and
Malaysia.
The stock trades at a trailing 12-month
P/E of 11.2 times and 1.64 times book.
Valuation score*
2.40
2.10
Fundamental score**
11.20
TTM P/E (x)
0.34
TTM PEG (x)
1.64
P/NAV (x)
3.79
309.50
106.72
Shares outstanding (ex-treasury) mil
1.01
Beta
1.12-2.94
& profitability
SONA PETROLEUM BHD (-ve)
O&G special purpose acquisition company
Sona Petroleum (Fundamental: N/A, Valuation: N/A) triggered our momentum algorithm for the first time. It closed up 1.2% at
43.5 sen after two days of heavy volume. Sona’s warrants have also been actively traded.
Sona has until end-July 2016 to acquire
a qualifying asset. Failure to do so will see
the company liquidated and custodian
account monies distributed to respective
shareholders.
The company had RM518.7 million in its
SONA PETROLEUM BHD
custodian account as at June 30, 2015.
Earlier in January, Sona terminated its
proposed US$281 million acquisition of a
40% stake in Salamander’s Thai assets after
being outbid by Ophir Energy.
Sona subsequently proposed to acquire
a stake in the assets from Ophir Energy but
scrapped the plan in June, citing less attractive valuations arising from weak oil prices
and the ringgit.
Notably, Credit Suisse has accumulated an
11% stake in Sona over the past six months.
Valuation score*
Fundamental score**
TTM P/E (x)
TTM PEG (x)
25.47
P/NAV (x)
613.66
Shares outstanding (ex-treasury) mil 1,410.71
0.52
Beta
0.40-0.50
& profitability
JAKS RESOURCES BHD
(ALL FIGURES IN MYR MIL)
Financials
Turnover
EBITDA
Interest expense
Pre-tax profit
Net profit - owners of company
Fixed assets - PPE
Total assets
Shareholders' fund
Gross borrowings
Net debt/(cash)
JAKS RESOURCES BHD
RATIOS
DPS ($)
Net asset per share ($)
ROE (%)
Turnover growth (%)
Net profit growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)
Financials
Turnover
EBITDA
Interest expense
Pre-tax profit
Fixed assets - PPE
Total assets
Shareholders' fund
Gross borrowings
Net debt/(cash)
RATIOS
DPS ($)
ROE (%)
Turnover growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)
FY11
FY12
FY13
FY2015Q2
31/10/2011
31/10/2012
31/12/2013
30/6/2015
326.7
(31.7)
9.9
(19.2)
(22.9)
96.8
445.5
435.4
173.8
146.2
376.4
22.8
11.5
8.2
2.8
96.3
447.0
438.1
183.4
148.7
586.4
42.7
18.5
19.8
7.5
38.0
708.6
445.6
474.5
342.1
88.3
13.3
4.1
8.4
3.3
28.6
902.5
466.0
610.5
514.7
FY11
FY12
31/10/2011
31/10/2012
31/12/2013
0.99
(5.12)
26.99
(7.01)
(5.02)
1.55
33.59
(3.21)
1.00
0.63
15.21
0.73
0.62
1.22
33.93
1.99
1.02
1.70
55.79
172.80
1.28
1.30
1.56
76.78
2.30
FY12
FY13
FY14
FY2015Q2
31/10/2013
31/10/2014
30/4/2015
392.0
22.0
1.7
16.9
15.2
111.1
151.5
142.5
38.4
6.1
358.0
27.2
1.4
19.5
16.8
111.9
164.3
156.5
53.8
0.3
377.2
36.4
1.5
28.3
23.8
111.3
178.4
171.6
34.1
(18.7)
96.2
7.1
0.3
5.3
4.5
118.7
196.8
188.9
51.7
(9.1)
FY12
FY13
31/10/2012
31/10/2013
31/10/2014
0.02
1.26
11.11
9.11
171.59
3.87
10.39
1.36
4.30
13.25
0.05
1.47
11.22
(8.69)
10.60
4.69
10.62
1.40
0.21
19.44
0.08
1.61
14.51
5.36
41.89
6.31
13.89
1.46
24.97
-
SONA PETROLEUM BHD
-
FY14 ROLLING 12-MTH
0.11
1.77
16.45
7.07
33.35
6.94
15.72
1.55
28.41
FY13
FY14
FY2015Q2
31/12/2013
31/12/2014
30/6/2015
7.9
2.7
7.7
(5.1)
(6.3)
0.5
544.6
59.5
(543.8)
18.0
(23.9)
19.4
(25.4)
(28.5)
0.4
535.5
31.0
(545.5)
10.4
(4.2)
11.1
(5.0)
(6.9)
0.4
539.7
24.1
(537.1)
FY13
RATIOS
DPS ($)
ROE (%)
Turnover growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)
1.06
3.53
15.79
123.85
3.31
1.99
1.21
110.45
4.13
31/10/2012
SONA PETROLEUM BHD
Financials
Turnover
EBITDA
Interest expense
Pre-tax profit
Fixed assets - PPE
Total assets
Shareholders' fund
Gross borrowings
Net debt/(cash)
FY13 ROLLING 12-MTH
FY14 ROLLING 12-MTH
31/12/2013
31/12/2014
0.04
(80.71)
230.97
0.35
0.02
(63.03)
129.09
(158.32)
(5.28)
46.56
(1.23)
0.02
(135.42)
228.22
(1.01)
I N V E ST I N G I D E A S 9
BROUGHT TO YOU BY
I N S I D E R A S I A’S S TO C K O F T H E D AY
BURSA MALAYSIA BHD
BURSA MALAYSIA BHD
BURSA MALAYSIA BHD
WITH a low beta (share price volatility) of 0.65
and strong cash generating capability, Bursa
(Fundamental: 2.3/3, Valuation: 2.1/3) is a natural choice for defensive yield stock. We also
like its resilient business model, good corporate
governance and long-term growth prospects.
Bursa has strong “economic moat”, as the
sole operator of Malaysia’s stock exchange.
It is also the world’s largest palm oil futures
trading hub and has a niche in Shariah-compliant products.
In 2014, Bursa derived about half of its total revenue from securities trading and 14%
from derivatives market. Recurring and other
operating/non-operating income, including
interest, accounted for the balance of revenue,
and are sufficient to cover 94% of operating
expenses (excluding depreciation and tax).
For 1H15, operating revenue increased
4.3% y-y to RM240.5 million while net profit rose 4.9% to RM96.5 million, driven by
growth in derivatives and Islamic trading
platform. Revenue from securities trading
Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own
judgment or seek professional advice for your specific investment needs. We are not responsible for your investment
decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.
was flattish, totalling RM115.9 million.
We do not expect significant earnings
growth in 2015-2016, as domestic and external uncertainties will likely keep investors
sidelined. Nonetheless, we are sanguine on its
medium to long-term prospects as a proxy to
the country’s growth.
After distributing excess cash to shareholders in 2013 and 2014, it still has some RM289
million cash sitting on its balance sheet. While it
didn’t declare a special dividend this year, there
is the possibility for future cash distribution.
The stock trades at fair valuations of trailing
12-month P/E of 21.0 times, in line with global
peers trading at average P/E of 21.8 times. Current valuations are marginally lower than the
average P/E of 22.6 times over the past 3 years.
With zero borrowings and relatively low
capex requirements, Bursa typically distributes nearly all of its profits as dividends. Excluding special dividend of 20 sen, dividends
totalled 34 sen per share in 2014, giving a higher-than-market average yield of 4.3%.
Valuation score*
2.10
2.30
Fundamental score**
20.99
TTM P/E (x)
1.18
TTM PEG (x)
5.52
P/NAV (x)
4.33
4,255.53
534.61
Shares outstanding (ex-treasury) mil
0.65
Beta
7.52-8.79
& profitability
Looking for
diamonds in
the rough?
Our challenge at The Edge Research
is to discover undervalued stocks and
separate the wheat from the chaff.
Would you like to join us on the quest?
We are looking for bright young minds
to join our research team.
Fresh graduates are most welcome to apply.
If you are interested, please send your rèsumè to:
The Manager, Human Resource Department
Email: hr.my@bizedge.com. Fax: 603-7721 8008
Only shortlisted candidates will be notified
Income Statement
Turnover
EBITDA
Depreciation
EBIT
Associates
Interest income
Interest expense
Extraordinary gain/(loss)
Pre-tax profit
Balance sheet
Fixed assets - PPE
Biological assets
Intangibles & goodwill
Cash and equivalents
Total current assets
ST borrowings
Total current liabilities
Total assets
Shareholders' fund
Long term borrowings
BURSA MALAYSIA BHD
RATIOS
DPS ($)
ROE (%)
Turnover growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)
FY12
FY13
FY14
FY2015Q2
31/12/2012
31/12/2013
31/12/2014
30/6/2015
424.6
225.9
33.7
192.2
23.2
215.3
150.6
475.0
258.4
35.0
223.4
22.1
245.6
173.1
503.8
278.2
25.3
252.9
18.8
271.8
198.2
127.0
71.2
6.0
65.2
4.3
69.5
49.5
209.7
104.2
526.4
1,750.3
1,277.2
921.2
857.6
-
206.4
104.4
402.6
1,258.7
864.6
877.1
811.2
-
197.3
100.1
256.3
1,161.1
853.8
802.6
748.7
-
191.9
98.3
289.3
1,484.2
1,146.5
819.9
771.2
-
FY12
FY13
31/12/2012
31/12/2013
31/12/2014
FY14 ROLLING 12-MTH
0.27
1.61
17.73
1.06
3.04
35.47
16.46
1.37
-
0.52
1.52
20.74
11.87
14.93
36.44
19.25
1.46
-
0.54
1.40
25.42
6.06
14.53
39.35
23.60
1.36
-
0.35
1.44
26.78
6.46
17.86
39.64
24.85
1.29
-
10 B R O K E R S’ C A L L / T E C H N I C A L S
Sideways
trend expected
for KLCI
this week
BY B ENN Y L EE
T
he market made a dramatic rebound in the
past week, especially on Monday when
Prime Minister Datuk
Seri Najib Razak announced an RM20 billion injection
into ValueCap Sdn Bhd (defunct equity fund ValueCap) to boost the financial market and economy. Bursa
Malaysia bucked the global market
trend. The FBM KLCI rose 3.8% in
a week to 1,647.15 points on Monday. However, the ringgit has not
strengthened and crude oil prices
are still falling. This weighed down
market sentiment on Tuesday.
Trading volume increased in the
past week compared with the previous week. The daily average volume in the past week was 2.3 billion
shares compared with 1.9 billion
shares two weeks ago. The average
trading value has also increased
from RM1.7 billion two weeks ago
to RM2.3 billion in the past week.
The buying support came in
from local institutions as foreign
institutions remained net sellers.
From Monday to Friday last week,
net buying from local institutions
was RM783.4 million while net selling from foreign institutions was
RM743.8 million.
Only three counters declined
in the FBM KLCI from last week.
Top gainers in the FBM KLCI were
Genting Malaysia Bhd (+11.1% from
last week), AMMB Holdings Bhd
(+10.4%) and Tenaga Nasional
Bhd (+10.3%). The three decliners were Petronas Chemical Group
Bhd (-1.6%), YTL Corp Bhd (-0.6%)
and Malayan Banking Bhd (-0.6%).
Markets in Asia were generally bearish on China’s economic
weakness. China’s Shanghai Stock
Exchange Composite Index fell
5.2% in a week to 3,004.36 points.
Hong Kong’s Hang Seng Index increased 3.4% to 21,455.23 points.
Japan Nikkei 225 Index increased
2% in a week to 18,026.48 points,
and Singapore’s Straits Times Index
declined 1.5% to 2,841.94 points.
Markets in the United States and
Europe had been slightly bullish
Daily FBM KLCI chart as at September 15, 2015.
since last week but was bearish in
the past few trading days, indicating
uncertainty. On Monday, the US
Dow Jones Industrial Average rose
1.7% in a week to 16,370.96 points.
Germany’s DAX Index increased
only 0.2% to 10,131.74 points in a
week, and London’s FTSE100 rose
0.3% to 6,098.59 points.
The US dollar weakened against
major currencies. The US dollar
index fell from 96.5 points a week
ago to 95.4 points on Monday. The
stronger US dollar caused the price
of gold to pull back. Commodity
Exchange gold fell 1% in a week to
US$1,107.50 (RM4,696) an ounce.
After a strong rebound two weeks
ago, WTI crude oil pulled back
last week and fell marginally to
US$44.12 per barrel. Crude palm oil
(CPO) on Bursa Malaysia rose 2.7%
in a week to RM2,147 per tonne on
Monday.
The FBM KLCI continued to
rally after breaking above the
1,600-point immediate resistance
level. It climbed above the shortterm 30-day moving average and
this indicates that the trend is turning bullish. However, the index is
still below the Ichimoku Cloud
indicator and the long-term 200day moving average. This indicates
that the market is currently in a
bearish trend correction. The thin
Ichimoku Cloud indicator in the
next one week indicates that the
market is headed for a sideways
movement.
Momentum indicators like the
RSI and Momentum Oscillator
rose above their mid-levels and
this indicates that the bullish momentum is building strength. The
MACD indicator also continued to
increase above its moving average.
Furthermore, the index is now trading at the top band of the expanding
Bollinger Bands indicator.
The technical indicators show
that the market is set to trend high-
er. However, the FBM KLCI may face
resistance at 1,660 points and the
bearish global market performances may weigh down the market. After a good increase last week, the
market may be cautious and hence
the index is expected to trade sideways. The FBM KLCI is expected
to trade between 1,620 points and
1,660 points this week. Nevertheless, the strong increase in CPO
prices may provide some trading
opportunities for plantation stocks.
Benny Lee is chief market strategist
for Jupiter Securities Sdn Bhd. Jupiter Securities is a participating
broker in Bursa Malaysia. He can
be contacted at bennylee.kl@gmail.
com. The views expressed in the article are the opinions of the writer
and should not be construed as investment advice. Please exercise your
own judgement or seek professional
advice for your investment decisions.
Lower price floor for domestic flights bodes well for AirAsia
CHU JUCK SENG
AirAsia Bhd
(Sept 15, RM1.22)
Maintain buy call with an unchanged target price of RM1.82:
Our buy call is premised on benefitting from lower jet fuel prices in
the fourth quarter ending Dec 31,
2015 (4QFY15) and FY16; capacity
and fare rationalisation by Malaysia
Airlines Bhd (MAB); resolutions to
Indonesia AirAsia (IAA) and Philippines AirAsia’s (PAA) accounts payables; and negative equity positions.
Currently, AirAsia is trading at
FY15 and FY16 price-earnings ratio of only 6.1 times and 5.7 times
respectively.
According to market data provided by Bursa Malaysia on regulated
short selling, daily short value on
AirAsia has reduced from a daily
average of RM706,000 in the first
week of September to RM335,000
in the second week of September.
We also believe that short sellers have been covering their positions by buying back the stock as
the share price rose 60% off its 77
sen low, typical in a short squeeze
situation.
According to the Jakarta Post,
IAA’s shareholders have agreed to
AirAsia Bhd
FYE DEC (RM MIL)
convert its accounts payables into
redeemable convertible preference
shares which is the first hurdle in
its efforts to reduce its payables to
AirAsia and raise its equity into a
positive position.
Currently, the proposal is awaiting approval from the Indonesian
Investment Coordinating Board.
We believe that completion of
the corporate exercises could lift
a major overhang over the stock
as IAA’s weak balance sheet position has been a major concern for
investors.
The Indonesian transport ministry has lowered the price floor
for domestic flights to 30% of an
ascribed price ceiling from 40%
previously. The move will bode well
for AirAsia as it recently focused
on serving international routes as
domestic routes had become uncompetitive due to the imposition
of higher fares.
Thus, with the price floor returning to 30% of the ceiling, AirAsia
could move some of its excess capacity to serve domestic trunk routes.
We believe that one overhang
over AirAsia’s share price performance year to date (YTD) is the
weakening of the ringgit against the
US dollar. YTD, the average ringgit
rate has declined by 16% against the
US dollar while jet fuel prices have
Revenue
Ebitda
Ebit
PBT
Net profit
Core net profit
Core EPS (sen)
Core EPS growth (%)
PER (x)
Net dividend (sen)
2014
2015F
2016F
5,415.7
626.6
(92.9)
(709.5)
(649.4)
(376.7)
(13.5)
(194.0)
(9.1)
3.0
5,621.1
1,857.6
1,042.7
738.7
561.4
561.4
20.2
(249.0)
6.1
3.0
5,923.2
2,175.8
1,323.2
789.3
599.9
599.9
21.4
6.3
5.7
4.0
Source: Company, MIDFR
declined by a larger 43% compared
with 2014.
Thus on a net basis, AirAsia was
able to shave off 1.3% in operating
costs based solely on currency and
jet fuel prices.
Looking forward, we reasonably
believe that jet fuel prices could be
maintained at the current low levels with a persistent oversupply as
reported by the Energy Information
Administration.
We believe that average fares
will begin trending upwards as
the frequency reductions and fare
rationalisation exercise by MAB
take effect in 3QFY15.
In addition, the discount between MAB and AirAsia’s ticket
prices is seen to have widened from
10% to 20% in 2013 to 2014 to a
more reasonable 20% to 30% as
MAB prices its tickets more akin
to a full service carrier.
This could be a positive for AirAsia as stubbornly low yields (revenue per available seat kilometre)
have been a major impediment to
its profitability. — MIDF Research,
Sept 15
B R O K E R S’ C A L L 11
SKP Resources secures another five-year contract
SKP Resources Bhd
(Sept 15, RM1.35)
Maintain outperform call with an
unchanged target price (TP) of
RM1.71: SKP Resources Bhd announced the securing of another
five-year contract from its key client
Dyson Ltd, this time around also
for the manufacturing of cordless
vacuum cleaners, though presumably of a different variant.
This comes in addition to a
RM400 million five-year contract
which it secured back in May from
the same customer for a similar
product.
While no quantum was revealed,
the new announcement is in line
with our expectations of the group
securing more works from Dyson
and benefiting from its expected
growth in the coming few years.
Our “outperform” call is rein-
forced, with an unchanged TP of
RM1.71 based on a 15 times multiple to financial year ending March
31, 2017 earnings per share of 11.4
sen.
We could be in for upside earnings surprises should the contract
value be larger than expected.
Though the share price has performed admirably year-to-date and
even since our coverage initiation,
with respective gains of 109.4% and
51.4%, we see the current price values not fully reflective of its robust
growth prospects for the coming
two to three financial years.
On the longer term, Dyson’s
plans to spend an estimated RM8.5
billion on developing four new
ranges of technology which will
launch 100 new products all over
the world over the next four years
are eye-catching.
SKP Resources Bhd
FYE MAR (RM MIL)
2014A
2015A
2016F
2017F
2018F
CAGR (%)
Revenue
Gross profit
Pre-tax profit
Net profit
EPS (sen)
PER (x)
DPS (sen)
Dividend yield
412.8
62.6
39.8
29.3
3.31
40.6
1.71
1.3
616.5
76.9
57.2
42.0
4.71
28.5
2.41
1.8
1,234.7
174.1
124.1
93.0
7.42
18.1
3.52
2.6
1,922.7
271.1
190.1
142.6
11.42
11.8
3.52
2.6
2,130.9
298.3
208.0
156.0
12.53
10.7
3.52
2.6
50.7
47.7
51.2
51.9
39.8
-
Note: 1 2014-2015: share base of 900m. 2 2016-2018 share base: 1,252m shares post warrant conversion
Source: Company, PublicInvest Research estimates
Of immediate excitement, however, are its plans to increase the
production of motors to 11 million
units by year end from four million
units last year, suggesting an immense uplift in the production of
various other products at both its
Puncak Niaga extends completion
of water asset sale to Oct 15
BIMB’s 1HFY15 net
profit in line with
expectations
BIMB Holdings Bhd
(Sept 15, RM4.03)
Maintain hold call with an unchanged target price (TP) of
RM4.15: BIMB Holdings Bhd’s
first half of financial year ending
Dec 31, 2015 (1HFY15) net profit
was in line with expectations, accounting for 49% of our full-year
forecast and 48% of the consensus.
Also expected was the absence
of dividends for 1HFY15. The
group did not meet the end-August deadline to release its second
quarter of FY15 financial results
due to a delay in obtaining clearance from Bank Negara Malaysia.
Despite a moderating trend,
BIMB’s loan growth of 18.4% yearon-year (y-o-y) in June (versus
20.6% y-o-y in March) significantly exceeded the industry’s pace
of 9.1% and was unrivalled by
its peers.
Most of its loan segments expanded by double-digit rates, including household loans, which
rose 17.9% y-o-y in June.
The exceptions were manufacturing loans, construction loans,
finance loans and transport loans.
Notwithstanding the sizzling
loan growth, BIMB only posted
a net profit growth of 4.9% y-o-y
in 1HFY15.
This was mainly dragged down
by a 10-basis point y-o-y contraction in net financing margin to
2.68%, which constricted the expansion of net financing income
at only 3.2% y-o-y in 1HFY15, and
a 68.7% y-o-y jump in loan loss
provisioning to RM56 million.
BIMB Holdings Bhd
FYE DEC (RM MIL)
Net interest income
Total non-interest income
Operating revenue
Total provision charges
Net profit
Core EPS (RM)
Core EPS growth (%)
FD core PER (x)
DPS (RM)
Dividend yield (%)
BVPS (RM)
P/BV (x)
ROE (%)
CIMB/consensus EPS (x)
2013A
2014A
2015F
2016F
2017F
1,189
818
2,007
15.0
279.3
0.26
3.0
15.56
0.12
2.98
2.63
1.52
11.4
-
1,298
810
2,108
(60.0)
532.3
0.42
61.8
10.38
0.15
3.68
1.97
2.03
18.5
-
1,441
1,043
2,483
(84.9)
541.0
0.36
(14.3)
13.33
0.16
4.01
2.18
1.83
17.1
0.98
1,627
1,151
2,777
(148.2)
582.6
0.38
6.0
12.59
0.17
4.25
2.37
1.69
16.6
1.00
1,752
1,258
3,010
(171.8)
634.4
0.41
8.9
11.63
0.19
4.63
2.57
1.56
16.7
1.00
Source: Company data, CIMB forecasts
A positive take on 1HFY15 was
its ability to keep its overheads
stable despite swift loan growth.
The bank’s gross impaired financing ratio inched downwards
from 1.2% in March to 1.18% in
June.
Meanwhile, its financing loss
coverage continued to rise from
160.6% in March to 166.9% in June,
the highest among local banks.
We retain our dividend discount model-based TP. Despite
manufacturing facilities in Singapore and Malaysia, which we are
already starting to see as reflected
in the two recent (May and current)
announcements.
SKP Resources’ growing standing with Dyson in being a key
manufacturing partner, coupled
with increased capacity arising
from newly acquired subsidiaries
as well as from its own expansion, leads us to see the company
poised to generate an earnings
compound annual growth rate
of at least 50% in the next three
years.
While seemingly intertwined in
its fortunes, the group does have
about 30% of its output catered to
non-Dyson production, among
which are reputable household
names worldwide.
The group is also seeing increasing demand for value-added services such as assemblies of plastic
products for the electrical and electronic industry helping augment
growth, anticipated to be in the
range of 8% to 10%. — PublicInvest
Research, Sept 15
the swift loan and fee income
growth, BIMB remains a “hold”
given concerns over margin contraction and an upturn in credit
costs.
We are projecting a 14.3% drop
in its FY15 earnings per share,
partly due to its rights issue implemented in 2013, but envisage a
recovery of net earnings growth to
6% in FY16 and 8.9% in FY17. We
prefer RHB Capital Bhd. — CIMB
Research, Sept 14
Puncak Niaga Holdings Bhd
(Sept 15, RM2.59)
Maintain hold call with an unchanged fair value of RM2.80:
Puncak Niaga Holdings Bhd has
given another extension until Oct
15 (from Sept 14) for the completion of its water asset sale.
It told Bursa Malaysia on Monday that it hopes it will be the final
extension for the fulfilment of all
conditions precedent in the sale
and purchase agreement.
Puncak Niaga said that its
board may consider the possibility of terminating the agreement
with Pengurusan Air Selangor
Sdn Bhd (Air Selangor) if there
is a further extension.
It will then seek various avenues to protect its rights and its
shareholders’ rights, including
the right to seek legal recourse
against Air Selangor.
Following the signing of four
agreements between Air Selangor
and Pengurusan Aset Air Bhd last
week, we are hopeful that Puncak
Niaga’s water deal can be completed within the expected time frame.
It was reported that the four
agreements (facility agreement,
lease agreement, rights of use
agreement and settlement agreement) are essentially conditions
precedent to effect the master
agreement signed a year ago.
Air Selangor is then expected to take over Puncak Niaga
(M) Sdn Bhd and Syarikat Bekalan Air Selangor Sdn Bhd within two weeks, and Konsortium
Abass Sdn Bhd within the next
four months.
THE EDGE FILE PHOTO
Recall that Puncak Niaga will
receive RM1.55 billion in proceeds when the takeover by Air
Selangor is completed.
Following that, we expect a
payment of RM534 million (or
RM1 per share on a fully diluted
basis) as cash dividends to be
made by year end.
Notwithstanding the latest update, we remain hopeful that the
water deal with Puncak Niaga
will finally be completed soon.
This is premised on the commitment by both the federal and
Selangor state governments to
complete the exercise soon and
ensure water supply sustainability.
As it is, the treated water reserve margin in Selangor is already below 1%, while non-revenue water is about 32%.
Beyond the dividend payout,
Puncak Niaga’s future prospects
hinge on the utilisation of RM1
billion of the proceeds for either
oil and gas or plantation ventures.
— AmResearch, Sept 15
Puncak Niaga Holdings Bhd
2013
2014
2015F
2016F
2017F
Revenue
1,146.7
Core net profit
200.5
38.4
FD core EPS (sen)
FD core EPS growth (%) (33.6)
6.8
PER (x)
7.1
EV/Ebitda (x)
17.6
ROE (%)
85.3
Net gearing (%)
FYE DEC 31 (RM MIL)
606.6
248.4
48.4
26.0
5.4
106.7
12.9
nm
368.3
6.4
2.9
(93.9)
89.2
29.0
0.3
nm
442.5
10.0
3.6
22.5
72.9
24.5
0.5
nm
442.5
10.2
3.7
1.2
72.0
24.0
0.5
nm
Source: Company, AmResearch estimates
12 G E N E R A L N E W S
PM: National unity
only meaningful if no
group marginalised
Government adopts inclusive approach to economic growth
KOTA KINABALU: Prime Minister Datuk Seri Najib Razak said
yesterday national unity will only
become truly meaningful if there
is no marginalisation of the people.
As such, he said, the government had to adopt an inclusive
approach in development and economic growth and ensure that the
fruits of success were widely shared.
“As stated in the 11th Malaysia Plan (2016-2020), the federal
government is committed to ensuring that everyone, regardless of
gender, ethnicity, socio-economic
status and geographic location,
can live in a truly harmonious and
progressive society that bears the
mark of an inclusive nation with
an advanced economy.
“This is why the government has
placed, and will continue to place,
great importance on development
in Sabah. Since the establishment of
the Sabah Development Corridor in
2008, RM127 billion in committed
investments have been generated;
and I am sure this is just the beginning of how Sabah is going to progress further and play an important
part in the economic transformation of Malaysia,” he said.
Najib said this in his keynote
address at the National Integra-
tion Seminar jointly organised by
the Department of National Unity
and Integration and Asian Strategy
& Leadership Institute here.
Also present at the ceremony were
Sabah Chief Minister Datuk Seri Musa
Aman, Minister in the Prime Minister’s Department Tan Sri Joseph Kurup and federal and state ministers.
Najib said that in a state like Sabah,
where over 60% of the land is hilly
and mountainous and where most
of the population live in the rural
areas, infrastructure is key.
Therefore, he said, under the 10th
Malaysia Plan, the government promised to address the plight of those who
were still living without electricity.
He was glad to report that 98.2% of
the rural areas now has electricity,
up from 92.5% in 2010.
On a pledge to improve transportation facilities in Sabah, Najib said
over 4,000km of roads had either
been upgraded or newly constructed in the state. The rail link between
Kota Kinabalu and Tenom had also
been upgraded.
He said the nearly 1,700km-long
Pan-Borneo Highway under construction would boost connectivity
between Sabah and Sarawak and
with the two states’ regional neighbours, Brunei Darussalam and In-
donesia, opening up the area for
communication and economic
opportunities.
On the subject of schools, he
said the government acknowledged the vital need for education and was building an inclusive society and ensuring that
opportunities were available
for all.
Najib said, to strengthen the
tertiary sector in Sabah, more institutions were poised to set up
branch campuses at the Sandakan
Education Hub so that advantages
of higher education were open to
more school-leavers.
He said the voices of Sabahans
had never been stronger in the
federal government and Barisan
Nasional. The government is also
looking into streamlining duplication in decision-making between
the state and federal levels, in order to further empower Sabah’s
self-governance.
“We are taking these actions because they are right, because of the
importance we place on inclusivity,
and because we recognise that in
a democratic federal system, the
rights of states to take their own
decisions must be respected,” Najib
said. — Bernama
Padang Merbok a sea of red during rally
KUALA LUMPUR: Padang Merbok
in the city centre was a sea of red
yesterday afternoon as thousands
gathered for the “Himpunan Rakyat
Bersatu” (United People’s Gathering)
featuring speeches in defence of the
country’s constitution and calling for
respect for the rights of bumiputeras
and other races.
The event — spearheaded by the
National Federation of Silat Associations (Pesaka) and supported by
other non-governmental organisations — began at the field in central
Kuala Lumpur at about 3pm, Bernama reported.
The red-shirted participants earlier assembled at a number of staging
points around the capital, including
the Putra World Trade Centre, the
Federal Territory Mosque, the National Mosque and the Craft Complex in
Jalan Conlay before making their way
to the field. At the height of the rally,
the field was overflowed with people
under the watchful eyes of police
personnel deployed to ensure peace
and order. In between speeches, the
participants listened to recitation
55% believe country heading in
wrong direction, survey finds
BY E IL E E N N G
KUALA LUMPUR: More than half
of Malaysians believe the country
is heading in the wrong direction,
a survey by Merdeka Center has
found, caused by concerns about
the country’s economy and governance.
The findings came amid worries over the country’s economic
woes and a political scandal faced
by the prime minister.
The National Unity Survey,
which was conducted between
Feb 14 and June 6 this year involving 4,352 respondents, found that
55% of those polled felt that the
country was going in the wrong
direction.
Only 30% felt it was headed in
the right direction.
Of the 55%, 74% of them cited
economic concerns, politics and
governance as reasons.
Of the 4,352 surveyed, 51% were
Malays, 27% Chinese, 8% Indians,
11% non-Muslim bumiputeras and
3% Muslim bumiputeras.
The results of the survey were
presented by respected pollster
Ibrahim Suffian.
Despite assurances from Putrajaya that Malaysia’s fundamentals
are strong, concerns have been
mounting about the economy as
the ringgit, Asia’s worst-performing
currency in the past one year, has
slid beyond the RM4 mark against
the US dollar.
The survey found those with a
higher household income and with
Internet access tended to have a
more pessimistic view of the country’s direction.
In terms of the economy, 65%
of the respondents perceived the
national economy was not performing well; while on a personal
level, 58% said they were struggling to make ends meet. — The
Malaysian Insider
Address growing discontent in
Sabah and Sarawak — lawyer
BY J E N N IF E R G O ME Z
KUALA LUMPUR: It is high time
Putrajaya paid more attention to
the grouses of the people of Sabah and Sarawak for the survival
of the nation, said Universiti Teknologi Mara Professor Emeritus
Datuk Dr Shad Saleem Faruqi.
He said that attempts by Peninsular Malaysia to ‘Malay-nise’
the two Borneo states should be
given up, adding that they have
their own identity that need to
be preserved.
“This is what has been happening for the last 30 years. Their
separate identity has not been
fully acknowledged and I think
we need to do that,” he said on
the sidelines of a national unity conference in Kuala Lumpur
yesterday.
Shad Saleem said many in
the Borneo states felt that the
20-point agreement with Sabah
and 18-point agreement with
Sarawak were not being honoured.
He said this is also important
for political reasons, given that
Sabah and Sarawak have 56 out
of 222 members of parliament
in the Dewan Rakyat.
“Politically it is very important and also in terms of a gentleman’s agreement, that we listen
to their concerns and also for the
survival of the nation.
“Sabah and Sarawak bring to
us tremendous resources, territory, forest, petrol so I think it
would be a win-win situation if
we can keep them happier than
we have up to now,” he said. —
The Malaysian Insider
Malaysia still not a nation, says Ku Li
Participants in the ‘red
shirt’ rally marching
with a banner expressing
support for the elected
government at Padang
Merbok in Kuala Lumpur
yesterday. Photo by
Bernama
of poems and sang patriotic songs.
The rally-goers, who came from various states, also chanted slogans while
holding up banners and placards.
Among the better-known participants were Bera Member of Parliament (MP) Datuk Seri Ismail Sabri
Yaakob, Pontian MP Datuk Ahmad
Maslan, Mara chairman Tan Sri Annuar Musa, Pesaka president Tan Sri
Ali Rustam, Perkasa leader Datuk
Ibrahim Ali and Pekida president
Jamaludin Yusof.
The crowd at Padang Merbok began to disperse at about 5.30pm.
While the rally went on peacefully
in the field, police had to deal with a
group of stubborn participants who
insisted on entering designated nogo areas like Bukit Bintang and Petaling Street.
The Malaysian Insider reported that
the Federal Reserve Unit were earlier
forced to use a water cannon on the
crowd as they turned unruly and attempted to breach the barricade. Ketereh MP Annuar Musa declared that
it was a success, saying that there
were at least 250,000 participants. —
Bernama/The Malaysian Insider
BY E IL E E N N G
KUALA LUMPUR: Malaysia is still
not a nation, said Tengku Razaleigh
Hamzah as the country celebrated
its 52nd birthday yesterday.
The Umno Gua Musang federal
lawmaker said Malaysia’s efforts
to build a nation were “nothing
to shout about” as political leaders kept on “parroting in a mantra-like manner” that Malaysia
was a nation.
“We are not, and that is the sad
truth.
“We make believe that we are
a nation. The reality is that we are
not. We justify our watered-down
democracy by rationalising that
there are democracies and then
there are democracies.
“But we are never told by what
yardstick our democracy is measured,” he said.
In painting a somewhat bleak
picture of the nation, the Kelantan
prince said in his keynote address
at the national unity conference
that while Malaysians were polite
to each other publicly, there was a
lack of sincerity at times.
“In group interactions, we are
not above breaking into a language
not understood by everybody in
our effort to not share our inner
thoughts on whatever we have in
mind with everyone.
“In the privacy of our homes we
can be scathing in running down,
for instance, cultural traits of other
Malaysians that we are not familiar with.”
The former finance minister said
Malaysians live a compartmentalised life, compounded by the pluralistic nature of its society and the
lackadaisical attitude towards the
ethos and world view of Malaysians
who are not of the same ethnicity
as them. — The Malaysian Insider
G E N E R A L N E W S 13
Unhealthy API readings in Melaka City and 11 other areas
KUALA LUMPUR: The air quality
in Melaka City returned to an unhealthy level at 1pm yesterday with
an Air Pollutant Index (API) reading
of 104 compared with 92 at 9am.
According to the Department of
Environment’s portal, 11 areas still
recorded unhealthy API readings,
namely Sri Aman (160), Kuching
(147), Samarahan (145), Sarikei
(142), Sibu (132) and Kapit (118),
Tawau (118), Balok Baru, Kuantan
(117), Kemaman (117), Paka (112)
and Shah Alam (103).
The areas of Indera Mahkota
and Kuala Terengganu recorded
moderate API readings at 94 and
98 respectively, compared with an
unhealthy reading of 102 yesterday
morning.
Meanwhile, 31 other areas also
recorded moderate API readings
including Bukit Rambai (98), Bintulu (98), Jerantut (94), Indera Mah-
kota (94), Muar (93), Petaling Jaya
(93), Banting (88), Cheras (88), Pasir Gudang (87) and Larkin Lama
(83), Batu Muda (82), Nilai (78)
and Kuala Selangor (72).
A three-day cloud seeding operation, which began on Tuesday,
continued yesterday with focus
given in the northern areas of Johor, Negeri Sembilan, Melaka,
Klang Valley and the south and
west of Sarawak.
Two Hercules C130 aircraft belonging to the Royal Malaysian Air
Force based in Subang and Kuching
were used in the operation.
The API is categorised as good
(0 to 50), moderate (51 to 100), unhealthy (101 to 200), very unhealthy
(201 to 300) and hazardous (300
and above).
The public can refer to the portal
http://apims.doe.gov.my for the
current API readings. — Bernama
Body believed to be that of
missing Kevin Morais found
Discovered in a drum filled with concrete in USJ 1 housing estate, Subang Jaya
PETALING JAYA: A body, believed
to be that of Attorney-General
Chambers’ Appellate and Trial Division deputy chief Anthony Kevin
Morais who has been missing since
Sept 4, was found in a drum filled
with concrete in Subang Jaya near
here early yesterday.
The body was found at about
6am in the USJ 1 housing estate,
Persiaran Subang Mewah, which
borders Sungai Kelang.
Police and fire and rescue personnel were seen going in and out
of the location since early morning.
Kuala Lumpur police chief Datuk Tajudin Md Isa, Kuala Lumpur
Criminal Investigation Department
(CID) chief Datuk Zainuddin Ahmad, Selangor CID chief Datuk
Mohd Adnan Abdullah and Subang
Jaya police chief ACP Yahaya Ramli were also seen at the location.
Zainuddin, when approached
by reporters, would not confirm if
it was indeed the body of Morais.
He said police divers were deployed to search for the drum in
marshland and a crane hauled it up.
“The operation began at 6am
and ended at about 10.30am,” he
said.
Asked whether the body was
in one piece, Mohd Adnan said it
could not be established as yet because “the body was in a gunnysack
and we did not find out whether it
had been severed”.
“We will inform you after the
post-mortem,” he said.
Reporters taking pictures of the drum in which the body of missing Morais was
believed to have been found yesterday. Photo by The Malaysian Insider
Mohd Adnan said the Jalan Duta
CCTV camera recording had assisted police in the case and after 13
days of investigation, on Tuesday,
seven people were arrested.
He said police believe that the
murder of Morais could have been
motivated by revenge and was
linked to a trial handled by Morais involving a doctor of a military
hospital.
The 52-year-old doctor is one of
the seven suspects being held under remand, he said, adding that
the doctor was arrested in Rawang
on Tuesday.
In September last year, the doctor, who was on a RM100,000 bail,
claimed trial to two bribery charges
involving RM700,000 for allegedly
recommending three companies
to supply medicine and disposable
medical tools to the hospital.
The detainees include a woman
and a child, but Mohd Adnan said
they are not directly involved in
the case but were picked up along
with seven others, The Malaysian
Insider reported.
“Only one has a criminal record,” he said, adding that they
were arrested around Rawang and
the Klang Valley. The CID director
also said that initial investigations
showed that the main suspect had
hired the others detained to carry
out the abduction.
He said the police are looking
for more suspects.
Mohd Adnan said police seized
three vehicles, one of them a fourwheel-drive Mitsubishi Triton that
was apparently used to knock Morais’ car in Jalan Duta on Sept 4,
as well as a Honda Accord and a
Proton Persona in the Klang Valley
and Penang.
They also seized cash amounting to RM17,100 in Penang and
RM15,000 in the Klang Valley, he
added.
He also said that police seized
a receipt for the purchase of cement, sand and gravel issued by
a hardware shop near where the
body was found.
At the Kuala Lumpur Hospital
mortuary, Morais’ youngest brother Richard thanked the police for
having found his brother’s body.
Asked whether the family had
heard anything from the hospital,
he said, “So far, the doctors have
said nothing. Let them conduct
the post-mortem first.”
In a statement yesterday, the
Malaysian Anti-Corruption Commission (MACC) extended its condolences to the family of Morais.
MACC said the entire staff was
saddened by the tragedy and conveyed their sympathies.
MACC said Morais, who was
seconded to the commission for
10 years before he was transferred
back to the Attorney-General’s
Chambers in July last year, was a
dedicated and outstanding civil
servant. — Bernama/The Malaysian Insider
Air Pollutant Index in Pontianak exceeds 1,000
JAKARTA: Air quality in Pontianak, West Kalimantan, reached a
very hazardous level with the Air
Pollutant Index (API) reported to
have surpassed 1,000 as at 2pm
yesterday.
According to the Meteorology, Climatology and Geophysics
Agency website at www.bmkg.
go.id, the air quality in the city
was the worst in Indonesia.
However, local authorities have
yet to declare a state of emergency in the province as they did for
Riau province on Tuesday.
The API in Pekanbaru, Riau,
was reported to be improving, although still at the very unhealthy
level with API readings recorded
between 250 and 300 yesterday
afternoon.
A local television broadcasting
agency, Metronews, reported that
witnesses had said the visibility
in several areas in Pontianak was
less than 100m and most residents
only stayed at home.
Haze in the provinces caused
by forest and plantation fires in
several areas of West Kalimantan
was also reported to have spread
to Malaysia and Singapore.
Indonesian National Armed
Forces are helping extinguish the
fires in the affected areas. — Bernama
‘Multiracial
Amanah
committed to
carry on with
Islamic agenda’
BY N A B IH A H H A MID
SHAH ALAM: Parti Amanah
Negara (Amanah) president
Mohamad Sabu said yesterday
the party remains committed
towards preserving the Islamic agenda despite also being a
multiracial party.
He said Amanah is highly aware of the importance of
defending and preserving the
faith and character of Muslims
in the country.
“We care very much about
developing the Islamic way of
thinking, especially towards
the young, so that they will be
knowledgeable,” he said in his
speech at the launch of the new
party in Shah Alam yesterday.
Mohamad, who is better known as Mat Sabu, said
Amanah is a multiracial party
and does not focus on just a
single race, a fact that they are
very proud of.
“I am proud of the attendance here today (yesterday).
All races are here, not like the
red-shirt rally that is monopolised by just one race,” he said
to the cheering crowd.
Mohamad, who was PAS deputy president, was referring to the
red-shirt rally at Padang Merbok
in Kuala Lumpur, where thousands of rally-goers in red shirts
gathered yesterday to defend the
position of Malays in the country.
Amanah was officially
launched yesterday at national
level, while it was still awaiting
the approval of the Registrar
of Societies (RoS). Amanah is
taking over and rebranding
the Workers’ Party to a new
political party spearheaded
by progressive leaders who
recently left PAS.
Amanah secretary-general
Anuar Tahir said the new party
is expected to be approved by
the RoS very soon.
“For today’s (yesterday) programme, the Workers’ Party is
launching its new party name.
“We are having this launch
after we referred and sought
advice. It is because the people have been waiting for this.
We will only make it official
and start operating when
everything has been approved.
“We are confident, with
God’s bidding, that Amanah
will be approved,” he told reporters after a press conference announcing the launch
of the party.
The event was attended by
over 3,000 people dressed in orange. Participants also sang the
national and new party anthems.
Also present were DAP secretary-general Lim Guan Eng
and parliamentary advisor Lim
Kit Siang. The PKR leadership
was represented by president
Datuk Seri Dr Wan Azizah Wan
Ismail, secretary-general Rafizi Ramli and election director
Datuk Saifuddin Nasution Ismail. — The Malaysian Insider
14 O P I N I O N
Emerging markets tinder, Fed match
This time round investors and central bankers look to be in same miserable boat
BY JAMES SAFT
B
eing an emerging-market central banker
during a cycle of US
interest rate rises is no
fun, not at all.
The experience
of emerging-market investors
when the US hikes is more mixed:
good news if increases coincide
with a rising economy but bad if
they are intended to tamp down
speculation.
This time round investors and
central bankers look to be in the
same miserable boat.
A new report from the Bank
for International Settlements
(BIS) expressed doubts about
how emerging markets will fare
as US rates rise and also showed
how little independent control
their policymakers actually have.
With a large overhang of debt in
major emerging markets like Brazil and China, the past few months
of market volatility and falling
commodity prices have revealed
“fault lines” built up over many
years, according to the quarterly
report from the BIS, which acts as
a central bank of central banks.
Brazil and China, for instance,
could well be heading for a bank-
The US Federal Reserve building in Washington, DC. Emerging-market central
bankers could easily be forced into economy-choking interest rate rises to keep pace
with the Fed. Photo by AFP
ing crisis. Both have seen credit
growth way outpace economic
growth. China’s credit-to-GDP
(gross domestic product) gap is
now at 25%, while Brazil’s is nearly 16%. To put that in perspective,
two thirds of all economies with
readings on this measure above
10% have in the past experienced
“serious banking strains” in the
following three years.
That’s the tinder, here may be
the match: There are strong correlations between US and emerging-market interest rates, stronger
than justified by either economic
conditions or other risk considerations. This applies not just to
market rates, but also to the policy
rates set by central banks.
The implication is that market and policy rates in emerging
markets have been artificially suppressed by the Federal Reserve (Fed)
policy in recent years and may be
forced into some reversal of that.
Emerging-market central banks,
for example, may keep rates low
when the Fed is cutting so as not to
drive their currencies up and hurt
their exporters. On the way back
up, it will be all about attracting
capital, which has a nasty habit of
leaving emerging markets when
global conditions tighten.
In other words, emerging-mar-
ket central bankers could easily
be forced into economy-choking
interest rate rises to keep pace
with the Fed.
A 2014 report from the International Monetary Fund found that interest rate rises in developed economies could be good for emerging
market so long as they were done
in reaction to strong growth. Those
also brought with them strongly rising trade and capital flows, things
we are not now experiencing.
Interest rate rises which get ahead
of the real economy, on the other
hand, were emerging-market poison.
It may pay to watch long-term
US Treasury yields for a clue as to
which kind of cycle this will be for
emerging markets.
In the 10 periods since 1993
that 10-year Treasury yields have
spiked by more than 100 basis
points, emerging-markets equities have done extremely well, according to fund manager Calamos
Investments. During those periods
emerging-market equities have
outperformed US large company
stocks seven times, usually by a
large margin.
But with the notable exception
of 2013’s “taper tantrum”, yields
rose sharply on 10-year debt because investors expected both
growth and a bit of inflation.
Currently, 10-year yields are
mired at low levels and have shown
very little inclination to rise, either due to rising expectations of
Fed hikes or in reaction to market
volatility.
So what kind of a hiking cycle
are we in, if indeed we prove to get
a Fed increase at all?
These are very unusual times.
Not only is the Fed attempting to
come up off of virtually zero interest
rates, it is doing so during a period
of strong cross-currents globally.
The US economy is doing fine.
Not the kind of fine it used to do,
but certainly not badly enough to
justify zero rates and a US$4 trillion (RM16.96 trillion) Fed balance sheet.
In contrast, not only are things
difficult in emerging markets, particularly China, but emerging markets have grown out of all proportion to US growth these past 20
years, making them all the more
influential.
So this hiking cycle may be both
briefer but also more precautionary
than many, motivated not so much
by a desire to tamp down speculation as perhaps to give room to
cut later.
For emerging markets that may
equal short-term losses but less
prospect of a rally later. — Reuters
The opinions expressed are those of
the author, a columnist for Reuters.
Australia can’t afford complacency as there are real risks
BY WILLIAM PESEK
THE first time I met Malcolm Turnbull, Australia’s new leader, all he
could talk about was Japan. It was
June 2002 and the Goldman Sachs
banker-turned-politician couldn’t
comprehend how a smart, democratic government could simply
stand by as an enervating malaise
strangled the economy.
When I asked him whether
something similar could happen
in Australia, Turnbull stared out
his Sydney office window. “There
are real risks for Australia in globalisation and we could be a loser
in the future just as we have been
a winner to date,” he said.
Those risks are more than obvious now. Unlike Japan, Australia
isn’t suffering from deflation and
demographic blight. But its leaders, too, are guilty of not moving
fast enough to adjust to a changing
economic reality.
Over the last two years, neither
then-prime minister Tony Abbott
nor Treasurer Joe Hockey implemented the structural reforms
needed to increase incomes and
boost competitiveness.
Turnbull being
sworn in as
Australia’s
29th prime
minister at
Government
House in
Canberra
on Tuesday.
Photo by AFP
Rather than invest in education, training and infrastructure
and tweak taxes to empower small
businesses, Abbott’s team protected
mining billionaires (by scrapping
carbon-tax policies). His government championed fiscal austerity
even as the economy experienced
its weakest run of growth since the
1991 recession.
Business leaders complained,
rightly, about a lack of resolve to
overhaul an outdated labour market.
As a historic property bubble from
Sydney to Perth massively outpaced
wage growth, Hockey told voters
they were imagining the problem.
In fact, it’s the government that’s
appeared blind to the competitive pressures of globalisation. For
years, China’s voracious appetite
for iron ore, coal, copper and other
commodities fuelled growth and
filled Canberra’s coffers.
That dampened the urgency for
Abbott or his predecessors to diversify growth engines away from
the mining industry, leading to a
two-speed economy and widening
inequality.
There’s plenty of blame to go
around, but Abbott’s Liberals deserve much of it thanks to thenprime minister John Howard’s failure to diversify the economy during
his 1997 to 2007 term. Howard’s
stint followed those of reformists
Bob Hawke (1983 to 1991) and Paul
Keating (1991 to 1996).
G overnments during the
Hawke-Keating era lowered trade
tariffs, opened the financial industry, floated the Aussie dollar
and built a compulsory, national
pension system. And then Howard
coasted, riding China’s coat-tails
and leaving economic management
to the central bank.
Howard’s successors, the Labor
Party’s Kevin Rudd and Julia Gillard, should’ve done more to rebalance the economy. But their fight to
impose taxes on excessive mining
profits, share Australia’s wealth and
put a price on carbon emissions was
the right one. By contrast, Abbott
allowed even Beijing to grab the
mantle of leadership on climate
change away from Canberra.
Australians need Turnbull to lead
on reform, not relax. The new government must be less ideological
about attaining budget surpluses and
more attuned to how Australia risks
getting left behind by globalisation.
It must invest more in human
capital to increase productivity
and in physical hardware — better
roads, ports, power grids and telecommunications systems. Turnbull
needs to create new jobs to mitigate
the hollowing out of industries, including manufacturing.
He also must overhaul an antiquated tax system to encourage
Australia’s best and brightest to create a home-grown Apple or Google.
The good news is that, as far back
as 2002, Turnbull was mulling this
very problem. At the time, he said
Australia’s tax system was “totally
uncompetitive”, driving would-be
entrepreneurs to Silicon Valley and
Singapore.
“These risks are real, because the
playing field is, by force of geography, tilted against us,” Turnbull told
me. “The allure of Bondi Beach isn’t
enough to make us competitively
attractive to the talent we need to
attract and retain.”
For 15 years now, Turnbull has
been touted as a future Australian prime minister — The Sydney
Morning Herald didn’t dub him
the “raging Turnbull” for nothing.
Now he finally has his chance to
rage against the Canberra smugness that’s holding back one of
the world’s great economies. I’m
convinced he knows what needs to
be done. — Bloomberg View
William Pesek is a Bloomberg View
columnist.
F E AT U R E S 1 5
How Merkel went from Greek
crisis pariah to refugee hero
Open-door policy transforms her image almost overnight
A RNE D EL FS & A L AN CRAW FORD
I
t was when the numbers
became faces that German
Chancellor Angela Merkel
made a decision that could
make or break her political
legacy.
As she toured a refugee centre in the eastern German town
of Heidenau on Aug 26, hearing
stories from Syrians about traumatic journeys to flee their civil
war, protesters against their arrival
jeered and shouted abuse. Some
called her a “traitor to the nation”.
The experience left her shaken but
determined to act, according to
two close Merkel aides.
What ensued was a strategy for
dealing with a flood of refugees by
simply letting them come. While
her open-door policy transformed
her image almost overnight from
the scourge of the Greeks into the
conscience of Europe, it threatens
to split the continent and presents
a domestic high-wire balancing
act even more dramatic than the
euro crisis.
“If we now have to start apologising for showing a friendly face
in response to an emergency situation, then that’s not my country,”
Merkel said at a press conference
in Berlin on Tuesday.
Germany, already a magnet for
job seekers from Spain, Greece
and Italy, became the destination
of choice for refugees as word got
out they were welcome. The interior ministry’s estimate of 800,000
of them this year became one mil-
lion arrivals in a forecast this week
by Vice-Chancellor Sigmar Gabriel,
though not all will end up staying.
While Germany’s economic
growth and near-record low unemployment gave her some breathing
space, her European counterparts
were already struggling with sluggish
economies and angry constituents.
She called for European “solidarity”, echoing words she used
during the debt crisis as shorthand
for a financial rescue. This time, she
meant a fair distribution of refugees among European Union (EU)
member states.
For Merkel, “the risks are more
longer-term” as new arrivals compete for jobs and housing in Germany, potentially feeding popular
resentment, said Holger Schmieding, chief economist at Berenberg
Bank. “The political reaction to the
refugee crisis is potentially a much
bigger risk to Europe” than Greece,
he said. “These are significant risks
that strike at the heart of the EU.”
Remembering 1989
Hungarian Prime Minister Viktor Orban was having none of it.
Hungary, which is one of the main
EU arrival points along with Italy
and Greece, blocked thousands of
refugees at the border with Austria.
Merkel’s response on Sept 5, to
open the doors further to alleviate
the bottleneck, was motivated not
only by fear of an open-border conflict. Her policy took on an added
emotional dimension as she was
reminded of similar scenes at the
Hungarian border in the summer of
1989, when East Germans queued
to make their way onwards to the
West, according to one of the aides.
For the Lutheran pastor’s daughter, the refugee crisis is a humanitarian catastrophe that must be
addressed, the people said. It also
could be a defining moment that
offers a chance to permanently alter
Germany’s image as the cold head,
rather than the heart, of Europe.
“She sees perhaps an opportunity
here to appeal not only to other EU
leaders, but to send the more general message that we are bigger and
better than this,” said Jackson Janes,
president of the American Institute
for Contemporary German Studies
in Washington. “But this could also
be another of her efforts to rally
the EU, after a long bad patch with
Greece where Merkel made a lot of
people angry.”
districts of his state are taking in
more refugees than all France.
Some senior party members
are said to be appalled by her
open-door policy. They were incredulous at her suggestion in a
newspaper interview last week
that she can’t impose limits on
the number of asylum seekers
Germany will accept.
After defending her decision
to allow entry for thousands of
unregistered refugees, Merkel
may have bought some time with
the reintroduction of some border controls, and she has public opinion on her side for now.
While 35% of respondents said
Germany is being overwhelmed
by refugees, 62% said the country
Political warnings
can handle the influx, according
Within Germany, the backlash has to a Sept 8 to 10 FG Wahlen voter
been swift too. Her Christian Dem- poll for ZDF television.
ocratic Union (CDU) party offices are getting hundreds of emails Teflon chancellor
and letters each day critical of the Yet, as she listens to warnings
chancellor’s approach. The aides about driving voters into the
and party officials, who spoke on arms of the far right, it’s still by
condition of anonymity, said she is no means certain she will be able
aware that if Germany fails to get the to carry the German people with
refugee crisis under control and to her. Ten years in office and midintegrate the Syrians into German way through her third term, the
society, she will get the blame.
refugee crisis might be the TefMerkel, 61, is facing a nascent re- lon chancellor’s undoing as the
bellion from the CDU’s sister party nation heads towards the 2017
in Bavaria, the main point of entry election.
for refugees coming across the AusAnd still, they keep coming.
trian border. Bavarian Prime Min- The foreign ministry was exister Horst Seehofer, who criticised pecting 40,000 people to arrive
Merkel’s decision to allow in refu- in Germany last weekend alone
gees from Hungary as a “mistake — double the number the United
that will occupy us for a long time Kingdom will accept over the next
to come”, said on Monday that some five years. — Bloomberg
Poor consumers are big opportunity for firms selling basic items
BY NIRGUNAN TIRUCHELVAM
THE rise of the Asian middle class
is a clichéd investment theme that
almost every strategist has used. The
hackneyed rhetoric has obscured
the fortune at the bottom of the pyramid in Asia. It is the poor, not the
middle class, that will drive Asia’s
consumption. In Indonesia, for instance, the
poor represent nearly three-fourths
of the country’s population of 250
million. The poor, defined as those
who earn less than US$4 (RM17) a
day, vastly outnumber the middle
classes. Though the average income
is around US$10 a day, the overwhelming majority earn less than
half the amount. The Indonesians who are devouring Singaporean property are
not representative of that iniquitous land. Actually, the poor contribute about 60% of household
spending, which is over US$270 billion. Indonesia’s economy is expected to grow at 6% a year. By 2020, the
poor will spend more than US$400
billion a year.
There are several ways for companies to target the bottom of the
pyramid. One is to sell basic items
such as noodles, snacks and shampoo in small unit sizes. Unilever
has mastered the sale of shampoo
in small sachets. The sachets are
priced at 20 US cents per unit, which
puts it within the reach of ordinary
consumers. Companies can also target the
poor by accepting lower margins for
their basic products. They can compensate for this by pricing shampoo
for the well-off at a premium. Unilever Indonesia sells Lux shampoo
in fancy packaging, as well as in
simple sachets.
Selling basic items to the poor
makes impeccable commercial
sense. Sales of noodles, soap and
milk are not vulnerable to the economic cycle. By the sharpest of contrasts, middle-class consumers can
be fickle in their taste for cars and
handbags. Indonesia escaped the
ravages of the 2008/09 world recession because of the resilient spending by the poor. A clinching example is the
relative sales of cars and motorcyles during the 2008/09 crisis. In
that period, car sales collapsed by
a fifth in Indonesia. Sales of motorcyles, which are accessible to
the poor on a hire-purchase basis,
fell only 5%.
At a corporate level, the resilience is even more telling. Unilever
Indonesia has a vice-like grip on
Indonesia’s consumer growth, as its
products are used by two-thirds of
the people. Its market capitalisation
represents over 2% of Indonesia’s
GDP. Its reliance on the poor means
that it has weathered the 2008/09
crisis, while other emerging-market companies suffered. Its annual
sales growth has been almost 20%
in each of the last eight years. Companies that sell to the masses such as Unilever have the singular
ability to pass on raw-material cost
hikes. This is particularly relevant,
as the rupiah has fallen 22% in the
last year. The company is expanding, even
in the face of a severe economic
slowdown in Indonesia. It is spending more than US$110 million in the
next three years to widen its sales of
cheap household items and food.
Other companies are getting into the act. Nestlé has just
launched a novel chocolate product in Indonesia — crunch wafers.
It was designed with the ordinary
consumers as the principal market.
The crunch wafers are tiny crispy
triangles filled with chocolate. They
are sold for 10 US cents a unit.
Home-grown companies are
also replicating the success of the
MNCs. Charoen Pokphand Indonesia sells noodles priced at 20 US
cents a pack. It enjoys about 70%
market share in the noodle market.
Its success has transformed consumer habits. For the first time, it is
cheaper to buy a packet of noodles
than a bowl of rice. This is a radical
change in Indonesia, where rice
consumption per capita is one of
the highest in the world.
Investors are retreating from
emerging markets, owing to China’s slowdown and the commodity
collapse. As they rush for the door,
they may be forsaking an opportunity to bet on the reliability of poor
consumers. — The Edge Singapore
Nirgunan Tiruchelvam is director,
research at Religare Capital Markets
16 F E AT U R E
Volatility surge: too much
of a good thing for traders
‘First-half equities revenue grew 18% at the top 10 investment banks to US$25b’
BY L I ONEL L AURENT
M
arket volatility
is traditionally
a boon for brokers and banks
hungry for client activity. But
the latest bout may signal growing
unease about a six-year-old bull
market that owed much to repeated central bank largesse.
For much of the year, ultra-cheap
cash and faith in a recovering global
economy have kept equities on the
rebound. In the first half of 2015,
trading volumes jumped 36% worldwide, according to the World Federation of Exchanges, though the
rise was a far more modest 5% after stripping out mainland China’s
roller-coaster stock market.
That in turn has helped banks
squeeze out more trading revenue
despite pressure on all sides from
increased automation, intense
competition and post-crisis regulation. First-half equities revenue
grew 18% at the top 10 investment
banks, to US$25 billion (RM106
billion), according to data from
research firm Coalition.
But after last month’s China-fuelled spike in the VIX volatility gauge to its highest since
2008-2009, flows are drying up and
major indices like Japan’s Nikkei
or the S&P 500 are making daily
moves of 3% to 8%.
“Volatility is generally good for
trading desks but when you see
Japan up 8% overnight, or Wall
Street down 400 points ... The risk
is just too much,” said Mark Ward,
head of execution trading at Sanlam Securities in London. “Volatility like this is horrendous. It’s
volatility on steroids.”
It may already have inflicted
some pain, albeit manageable, on
investment banks. While curbs on
risk-taking have reduced banks’
exposure to proprietary trading, JPMorgan analysts warned a fortnight
ago that August’s bruising sell-off
may have led to losses and dented future trading and deal flows.
“Investment banks are not immune to the market movements,”
they wrote in a note to clients. Be-
yond hits to profitability, the analysts forecast double-digit falls in
equities and fixed-income revenue
for the third quarter.
The surge in the market’s fear
gauge is blamed on fundamental
and technical factors alike. China’s
slowdown is alarming markets at
the very time when the US Federal
Reserve (Fed) is weighing its first
interest rate hike since the 2008
meltdown, while trend-following algorithms exacerbate losses.
Whatever the cause, global
equities fund flows are now in
negative territory year-to-date,
according to a Bank of America
Merrill Lynch research last Friday. Investors are complaining
of “un-tradeable” markets and a
perceived lack of liquidity, strategists said, even if a big shock to
the system has yet to materialise.
“The increased volatility and
[Fed-related] uncertainty ... has
reduced flow to a trickle, with both
the single-stock traders and derivative sales reporting a paucity of directional volumes,” Deutsche Bank
managing director Nick Lawson
wrote in a note to clients last Friday.
It is still too early to say whether the current turmoil will derail
a recovery in trading revenues.
“It’s not a hugely positive sign
for volumes to pull back so quickly
after such volatility ... But this might
be a slight pause as opposed to a
reversion in the trend,” said Craig
Viani, vice-president of consultancy firm Greenwich Associates.
Industry watchers say losses
are likely to have been in the manageable range of US$50 million to
US$60 million. The jury is still out
on whether the most active hedge
funds will retrench, said George
Kuznetsov, head of research at
Coalition.
In many ways, the safest bet is on
volatility itself. Crossbridge Capital’s
Manish Singh said he was going to
use volatility-linked derivatives to
trade on the Fed’s policy meeting
slated for yesterday and today.
“Whether the decision from
the Fed is to hold or tighten policy ... expect volatility to remain
elevated,” said Deutsche Bank’s
Lawson. — Reuters
Venezuelans turn to home-made products
BY EYA N I R C H I NEA
FROM make-up to insect repellent,
Venezuelans are looking to natural and home-made products in
response to the chronic shortages
resulting from a deepening economic crisis in the socialist-ruled
country.
Falling oil prices and a collapsing
state-led sector have left the nation,
a member of the Organization of
the Petroleum Exporting Countries,
struggling to keep shelves stocked.
Venezuelans with a knack for
crafts and a flare for DIY projects
are filling in the gaps with their
own wares that they promote via
the country’s viral social networks.
“This year I started production
of cosmetics and have been making
more and more as a result of the
positive response,” said Mimi Ossorio, who sells organic skin products
made from raw materials including
essential oils, honey, and cocoa under the brand Beauty Mimi.
Venezuelans routinely spend
hours in line at supermarkets and
pharmacies to obtain everything
from skin cream and diapers to
chicken and milk.
Popular home-made substitutes
for scarce personal hygiene products now include cloves mixed with
alcohol as insect repellent or a mixture of lemon and vinegar instead
of acetone.
Maduro gesturing as he spoke
during his weekly broadcast ‘In
contact with Maduro’ in Caracas
on Tuesday. He says the current
dire situation in Venezuela is
the result of an ‘economic war’
led by political adversaries.
Photo by Reuters
Economists believe Venezuelan
inflation is in triple digits and the
economy is in a steep recession,
though the central bank this year
stopped publishing that data. President Nicolas Maduro said the situation was the result of an “economic
war” led by political adversaries.
Price controls on staple goods
have spurred a lucrative contraband
business in which smugglers buy
subsidised corn flour, soap or toothpaste and resell the products for a
profit in the domestic black market
or across the border in Colombia.
Small start-up businesses can
attract clients by offering an escape from supermarket lines, where
fights and attempted looting are
increasingly common.
“Clearly our sales have grown,”
said Carlos Gil whose online vegetable market delivers organic produce that he and his family harvest
outside Caracas. “People don’t like
going to the supermarket. No one
wants to be stuck in line.”
But home businesses also struggle to overcome shortages.
Ossorio said some beauty prod-
ucts require raw materials not available in Venezuela. She frequently
asks family and friends who travel
abroad to set aside space in their
suitcases.
Gil, however, does not suffer
from the increasing shortages of
fertilisers and pesticides that plague
the industrial farming sector. He
does not use them.
“I think we’re covering a niche.
Maybe it was luck, call it that,” he
said. “But obviously the country’s
situation is not good for anyone.”
— Reuters
Diversity not
a hindrance to
multi-ethnic
coexistence
in Tawau
BY A RT H UR E D WA R D
THERE are over 30 ethnic
groups in the district of Tawau.
However, working and living
together have never been an
issue for them.
Their ability to embrace the
differences in beliefs, languages
and cultures has become more
evident in the 52 years after the
formation of Malaysia.
The president of Persatuan Suku Kaum Banjar Tawau
Mohd Badrianshah Hamdi said
peaceful coexistence is possible
as long as the people make an
effort to learn and understand
the traditions and languages
of others.
“We live in a multi-ethnic
society. If we learn to open
up our minds and embrace
each other’s way of life, we
would find that we actually
have more in common than
not,” the 51-year-old said to
Bernama in conjunction with
the Malaysia Day celebration
yesterday.
Mohd Badrianshah said ethnic differences should also not
become an obstacle for any two
persons of different ethnic background to marry each other.
“Many in the district have
married outside their ethnic
groups and lived happily. My
eldest child married a Dusun
woman and now live happily
with their two children,” he said.
Journalist Ismail Lamo, 56,
said that broad-mindedness
helps in strengthening family
relations.
“I come from Bugis ancestry
while my wife, Dayang Arma
Ahmad, is a Bruneian Malay.
My marriage has allowed me
to experience new traditions
and insights.
“It is important to be accepting. We must always be open
and respectful of the culture
of others. I was raised that way
and as a result, I do not have a
problem adapting to different
lifestyles,” he said.
Ismail said that as a journalist, he found it easy to work
with media practitioners from
different races.
“Our differences do not prevent us from working with each
other, or even opening up to
each other,” he added.
Ismail, who has been a journalist for over 30 years, said
the people of Tawau practise a
number of different traditions.
“As we are well aware of, the
Sabah people are known for
their openness and are often
used as the embodiment of
the 1Malaysia slogan. This has
been a practice of theirs for a
long time and is the reason for
the unity and harmony they
enjoy thus far.
“It is not hard to embrace
the differences of others. Just
accept them for who they are
and they will accept us for who
we are.” — Bernama
I N T E R NAT I O NA L B U S I N E S S 17
Price drops reverse S’pore
property curbs more than polls
Those holding out for rollback may have to wait longer than anticipated
BY POOJA THAKUR MAHROTRI
SINGAPORE: For those holding out for a rollback of property
curbs after an election victory by
Singapore’s ruling party, the wait
may be longer than anticipated.
The People’s Action Party’s
emphatic win in last Friday’s polls
won’t be enough to reverse measures put in place as far back as
2009. The pace of decline in the
city state’s home prices needs to
double the 6.7% drop from the
peak two years ago before any
of the restrictions will be eased,
according to Chestertons Singapore and RHB Research Institute
Singapore.
“The winning of a largerthan-expected margin will not
be the main catalyst,” said Donald
Han, Singapore-based managing
director at real estate broker
Chestertons. “When property
prices drop by 15% from the peak,
that will probably instigate the
government to roll back certain
measures, not a complete
S&P downgrades
sovereign credit
rating on Japan
TOKYO: Ratings agency Standard & Poor’s (S&P) yesterday
downgraded its sovereign credit rating on Japan by one notch,
saying the country was unlikely
to revive economic growth and
end deflation within the next
few years.
“Despite showing initial
promise, the government’s
strategy to revive economic
growth and end deflation appears unlikely to reverse this
deterioration in the next two
to three years,” the agency said
in a statement.
The agency said it was lowering the sovereign ratings on
Japan to A+ from AA-.
Japan’s economy remains in
the doldrums more than two
years after Prime Minister Shinzo
Abe launched his “Abenomics”
policy blitz to boost the economy.
“We believe the likelihood of
an economic recovery in Japan
strong enough to restore economic support for sovereign
creditworthiness commensurate with our previous assessment has diminished,” S&P said.
“Japan’s very weak fiscal attributes are an important weakness
in its credit metrics,” it said, projecting the national debt will
reach 135% of gross domestic
product in fiscal 2018. — AFP
Lee’s party extended its more
than five decades of rule after
gaining almost 10 percentage
points from the 2011 polls
with a 69.9% victory margin.
Photo by Reuters
removal of any of them.”
Prime Minister Lee Hsien
Loong’s party extended its more
than five decades of rule after gaining almost 10 percentage points
from the 2011 polls with a 69.9%
victory margin. Earlier speculation that the government may ease
some of its curbs after being voted
back to power is now dissipating.
“Despite expectations building
up for more pro-growth policies,
we do not think any easing, particularly in property, will be done
this year,” Ong Kian Lin, a property
analyst at RHB, said in a note to
clients. “There may also be pushback from the populace if asset
prices spike right after elections.”
Lee’s government introduced
a slew of measures aimed at cooling a property market that hit a
record high in the third quarter of 2013, after rising living
costs contributed to his party’s
worst election four years ago.
The restrictions included a cap
on debt repayment costs at 60%
of a borrower’s monthly income
and higher stamp duties on home
purchases. — Bloomberg
Ola raising funds for US$5b valuation
BY SIDDHARTH P HI LI P
& SHAI OSTER
MUMBAI: Ola, an Indian ridebooking competitor to Uber Technologies Inc, is close to raising funds
that will give the company an estimated valuation of at least US$5
billion (RM21.2 billion), according
to people familiar with the plan.
The Indian app operator, owned
by ANI Technologies Ltd, is close to
raising US$500 million in the cur-
rent financing round, the people
said, asking not to be identified as
the information is private.
Both Ola and Uber are expanding rapidly in India, where public
transportation services in most
cities and towns haven’t kept pace
with the needs of a growing population and where car ownership
is low. Ola said this week that its
unit would spend US$754 million
to lease cars to drivers.
In April, Ola announced that
it had raised US$400 million in a
funding round led by DST Global
with participation from GIC, Falcon
Edge Capital and SoftBank Group,
Tiger Global, Steadview Capital and
Accel Partners US.
Bhavish Aggarwal, founder and
chief executive officer at Ola, didn’t
immediately respond to an email
seeking comment. The Wall Street
Journal reported on Tuesday that
Ola had raised US$226 million in its
latest funding round. — Bloomberg
Sands hires Beijing insider to run Macau casino
BY ANNIE LEE & DARY L LO O
MACAU: Sands China Ltd hired a
Beijing insider to help run its Macau casino business, breaking from
a tradition of having non-Chinese
executives helm those operations
as the company braces for stricter
policies and as gambling-licence
renewals loom.
Wilfred Wong, who was a 15year veteran at China’s top lawmaking body the National People’s Congress, will replace Rob
Goldstein as president and chief
operating officer (COO) on Nov 1,
Sands China said in a statement
late on Tuesday. Goldstein, also
president and COO at parent company Las Vegas Sands Corp, has
served those roles at the Macau
unit since earlier this year.
“I suspect that having an influential Chinese person at the helm
of the ship would be a distinct
positive as it relates to concession
renewals, not to mention any other
approvals along the way,” Union
Gaming Group analyst Grant Govertsen said in an email.
There’s a growing risk Macau
could withdraw some casino licences as the permits come up
for renewal as soon as 2018, a few
years before they expire, Daiwa
Capital Markets analysts wrote in
June. The stakes are high as Sands
China plans to open its US$2.7 billion (RM11.45 billion) Parisian Macau project in 2016, amid a down-
turn in the city’s gambling industry
that has caused second-quarter
profit to plunge 30%.
Sands China shares rose as much
as 2.7% to HK$26.30 (RM14.39) during early Hong Kong trading after
four straight days of declines, and
were up 2% at the midday break.
The stock has fallen more than
30% this year, underperforming
the benchmark Hang Seng Index.
Macau’s chief executive Fernando Chui said in August the
government expects to complete
its mid-term review for the gaming industry by year end. The city’s
six casino operators hold gaming
licences whose 20-year concessions expire from 2020 to 2022.
— Bloomberg
IN BRIEF
August exports likely
weak, odds of technical
recession rising
SINGAPORE: Singapore’s exports figures for August will
likely remain poor, economists
cautioned, warning that the
probability of a technical recession in the third quarter is
increasing, The Straits Times
reported. The headline nonoil domestic exports data for
last month, due out today, is
expected to register a yearon-year decline of 2.7%, DBS
Group Research said in a note
released yesterday. “External
headwinds arising from the
deceleration in China’s growth
would be the key reason behind the dire outcome,” said
DBS Research. “Though the
depreciation in the Singapore
dollar may provide some valuation lift to the number, the
drag from demand weakness
will likely dominate.”
Terms for IHC’s
acquisition of Healthway
Medical to be revised
SINGAPORE: International
Healthway Corp Ltd (IHC) and
related company Healthway
Medical Corp, both listed on
the Catalist board of the Singapore Exchange, announced
yesterday that they had decided
to revise the terms of an implementation agreement to do with
IHC’s acquisition of Healthway
Medical through a share swap,
The Straits Times reported. The
decision, the companies said,
follows a “trade with caution”
advisory from the Singapore Exchange last Wednesday on IHC
shares and the recent decline
in the share price of Healthway
Medical. Details of the revised
terms of the implementation
agreement will be separately
announced in due course, the
companies added.
Thai central bank holds
key rate at 1.5%
BANGKOK: Thailand’s central
bank left its benchmark interest rate unchanged for a third
straight meeting yesterday, as
widely expected, saying a weak
baht and recently unveiled
stimulus measures should be
supportive of economic growth.
The Bank of Thailand said monetary policy would continue to
be accommodative to help the
economy, which is expected to
grow less than 3% this year as
there are “more negative factors
than positive ones, especially
from overseas”. — Reuters
India’s capital rejects new
Uber licence bid
NEW DELHI: The New Delhi
authorities have rejected for
a second time Uber’s request
to operate in India’s capital,
the latest blow for the taxi firm
seeking to expand in India, an
official said yesterday. The USbased ride-hailing company
and its Indian rival Ola were
banned from operating in December, after one of the American company’s drivers was
charged with raping a passenger. — AFP
1 8 I N T E R NAT I O NA L B U S I N E S S
IN BRIEF
Global markets wait
nervously for Fed’s decision
World Bank warns of a ‘perfect storm’ of dangers for developing countries
BY PAU L H A NDLEY
WASHINGTON: Financial markets
that had been buffeted by the prospect of the first US interest rate hike
in almost a decade are buckling
up as the Federal Reserve (Fed)
began meeting yesterday to weigh
its decision.
An uncommon debate has
raged over whether the US central bank should go ahead with a
quarter-point increase to the federal funds rate that would nevertheless mark a crucial break with
the Fed’s crisis stance since 2008.
By most assessments the US
economy, with unemployment
at 5.1% and moderate growth, is
strong enough now that holding the
rate at 0% is no longer warranted.
The initial increase would likely
begin a series of increases toward
more “normal” levels around 3%
over the next couple of years.
But to many economists, the
slowdown of global economic ac-
Glencore raises
£1.6b via
shares sale
LONDON: Swiss mining giant
Glencore yesterday raised £1.6
billion (RM10.4 billion) via a
shares sale.
London-listed Glencore
said in a statement that it had
sold new shares in order to pay
down debt.
The company, which has
lost 57% of its market value
this year, is grappling with
tumbling commodity prices as
China’s economic slowdown
weighs on demand and sparks
havoc across markets.
Glencore had last week
revealed the US$2.5 billion
(RM10.6 billion) shares sale
as part of broader plans to slash
its US$30 billion debt pile by
about one-third.
The company sold the new
stock at 125 pence per share,
which marked a 2.4% discount
to the closing price on Tuesday.
It offloaded 1.3 billion shares
worth up to 9.99% of the group.
A slowdown in China, the
world’s top commodities consumer, has reverberated around
the globe, with major producers, including Brazil and Canada, falling into recession.
Concerns about prolonged
stalled Chinese growth have
slashed iron ore prices by
roughly a half, as coal, copper
and other commodities have
fallen by 20% to 40%. — AFP
Interest rates: Europe and the US
5%
Federal
Reserve (FED)
4
European Central
Bank (ECB)
3
2
Sept 4
1
0.05%
0-0.25%*
0
2005
2007
2009
Sources: FED, ECB
tivity, particularly in China, now poses a risk to US growth and an interest
rate hike could set the economy back.
And many others say it could cause
new problems in nervous global markets at just the wrong time.
The World Bank warned in a report on Tuesday of a “perfect storm”
of dangers, including a freeze in cap-
2011
2013
2014
2015
* Margin of fluctuation
ital flows, for developing countries
as the Fed tightens monetary policy.
“Given the substantial risks involved, they would do well to buckle
their seat belts in case the ride gets
bumpy,” said Carlos Arteta, lead economist in the World Bank’s Development Prospects Group.
The policy-setting Federal Open
Market Committee, led by Fed chair
Janet Yellen, was to meet on the issue
yesterday and today, announcing
their decision at 1800 GMT today.
Then Yellen will undertake the
delicate challenge of explaining
the decision in a press conference,
with whatever she says as crucial
to markets as the decision itself.
The Fed has been signalling the
coming rate rise since 2013 and
Yellen has repeatedly said in recent months that it would probably
come by year end.
But the depth of China’s problems — underscored by the Aug
11 devaluation of the yuan and the
plunge in Chinese stocks — introduced new risks not only to other
emerging economies but also, potentially, to the United States.
“The change in the circumstances which began with the Chinese
devaluation is relatively new and
we are still watching how it unfolds,”
Fed deputy chair Stanley Fischer
said at the end of August. — AFP
Apple boosts itself with ad-block move
BY LEILA ABBO U D
PARIS: Apple Inc’s move to make
ad-blocking software available on
the iPhone is a double-barrelled
effort to boost the health of the
so-called app economy, while undermining arch-rival Google Inc,
which dominates the US$120 billion
(RM508.8 billion) online advertising market.
The new version of the iPhone
operating system, to be released
yesterday, will for the first time allow
customers to download third-party
software that strips out marketing
messages such as banner and video
ads when people surf the web via
the Safari browser.
A slew of ad-blocking apps for
iPhones are expected to launch this
week. But Apple’s new approach will
not affect advertising inside applications such as Facebook, casual
games like those from Supercell
or King, or even Apple’s own apps.
Apple is in effect nudging big
brands to shift spending to apps,
rather than traditional online ads
where Google leads.
Ad-blocking software has been
growing rapidly on desktop computers, led by early adopters among
tech-savvy young people, but until
now is rare on mobiles.
Some 200 million people used
ad blockers last year, up 40% from
a year earlier, resulting in US$22
billion of lost advertising revenue,
according to a study by Adobe and
PageFair, an anti ad-blocking tech
company. — Reuters
Hewlett-Packard to cut up to 33,300 jobs
BY JACK CLARK
NEW YORK: Hewlett-Packard Co,
the technology company splitting
into two separate entities, said it will
cut as many as 33,300 more jobs as
chief executive officer Meg Whitman
tries to refashion the business for a
rapidly changing technology market.
The two companies that will
emerge in November: Hewlett Packard Enterprise to supply businesses
with high-end technology; and HP
Inc, which will sell personal computers and printers — are designed
to be more nimble and specialised.
Hewlett-Packard had 302,000 workers at the end of October 2014, down
from a peak of about 350,000 in 2011.
“Hewlett-Packard absolutely
needs to fix enterprise services, PCs
and servers across both its companies,” said Anand Srinivasan, an
analyst at Bloomberg Intelligence.
“Some of the issues are market-related and some of them are Hewlett-Packard-specific. The solution
to revenue growth is not going to
come from restructuring actions.”
Hewlett-Packard will incur
a charge of about US$2.7 billion
(RM11.45 billion) as part of the restructuring, the company said on
Tuesday at a meeting with analysts.
It had previously disclosed US$2
billion in probable cost cuts at the
services division within Hewlett
Packard Enterprise, and found an
additional US$700 million in savings across the business, said Tim
Stonesifer, chief financial officer of
Hewlett Packard Enterprise.
As many as 25,000 to 30,000 of
the job cuts will take place in Hewlett Packard Enterprise. HP Inc announced 3,300 workforce reductions over three years and US$300
million in restructuring charges.
“Management reiterates that
this will be the last restructuring it
undertakes, but this one has been
going on for several years,” Srinivasan said.
Hewlett-Packard employed
172,000 people in fiscal 2007 before
acquiring computer services provider Electronic Data Systems Corp in
2008 and almost doubling its workforce, according to data compiled
by Bloomberg. — Bloomberg
World’s biggest brewers
mull US$245b tie-up
LONDON: The world’s biggest
brewer, Belgian-Brazilian giant AB
InBev, is mulling a takeover of its
largest rival SABMiller in a potential US$245-billion (RM1.038 trillion) marriage combining top beer
brands Budweiser and Grolsch, the
pair revealed yesterday. The sector
is looking at consolidation faced
with the increased popularity of socalled craft beers that are brewed
by smaller independent firms. AB
InBev reported a sharp fall in second quarter profits owing to weak
economic conditions in several
markets, while Dutch beer giant
Heineken recently bought half of
US-based beer maker Lagunitas.
“The board of SABMiller notes the
recent press speculation and confirms that Anheuser-Busch InBev
has informed SABMiller that it intends to make a proposal to acquire
SABMiller,” the British group said
in a statement. — AFP
New Australian laws
targeting firms avoiding tax
SYDNEY: Global firms accused of
diverting profits offshore to lower their tax bill will come under
fresh scrutiny in Australia after
new laws were introduced yesterday to ensure they pay their “fair
share of tax”.The bill was put before
parliament amid an international
push to stop firms using complex
corporate structures to avoid tax,
and targets more than 1,000 multinationals generating turnovers of
over A$1 billion (RM3.05 billion),
treasurer Joe Hockey said. The
complex methods allegedly used
by firms include booking revenue
in lower-taxing countries to reduce
tax on profits in higher-taxing jurisdictions, with governments collectively losing billions of dollars
in the process. — AFP
Constancio: ECB’s QE
relatively small so far
FRANKFURT: The European Central Bank (ECB) has scope to buy
more assets as its quantitative easing has been small compared with
similar schemes elsewhere, ECB
vice-president Vitor Constancio
said, adding that Europe also needs
the US and Chinese economies
to motor ahead. The asset buys,
started in March to lift the bloc
out of deflation, helped Europe
weather the Greek and Chinese
turmoil but euro area inflation
could turn negative again in the
coming months so the bank stands
ready to increase the size, composition and duration of the scheme,
if necessary, he said. — Reuters
‘NPS invests US$500m
in mezzanine financing’
SEOUL: South Korea’s National
Pension Service (NPS) is investing about US$500 million (RM2.12
billion) in mezzanine financing to
fund private equity firm MBK Partners’ acquisition of Tesco’s South
Korean unit, a source with direct
knowledge said yesterday. The
source said outside managers of
the pension fund’s assets had decided on the investment, declining
to be identified as they were not
authorised to speak to media about
the matter. An NPS spokesman
declined to comment. — Reuters
I N T E R NAT I O NA L B U S I N E S S 19
Beijing to spend 200b yuan
in unused govt funds
Money will be reinvested as quickly as possible in construction projects
BEIJING: China plans to invest
about 200 billion yuan (RM133
billion) in unspent fiscal funds as
soon as possible, an official from
the state planner said, adding it
was not accurate that authorities
had seized untapped local government allocations totalling one
trillion yuan.
Reuters reported on Monday
that angry Chinese officials had
repossessed up to one trillion
yuan of unused money from local governments that failed to
splash out on big-ticket projects
in order to lie low in an anti-graft
crackdown.
When asked yesterday about
the report, Xu Kunlin, the head
of the National Development and
Reform Commission’s investment office, said the one trillion
yuan figure “should not be taken
to be authentic”.
“My understanding of the situation is around 200 billion yuan
Asia’s
millionaires to
become world’s
richest — report
SINGAPORE: Asia-Pacific millionaires are set to become the
world’s richest this year, a report said yesterday, driven
largely by wealthy individuals in India and China.
The combined wealth of
Asia-Pacific’s super rich will
surpass its 2014 total of US$15.8
trillion and overtake that of
their North American counterparts — currently the world’s
richest group with a shared
wealth of US$16.2 trillion last
year, the study said.
The research by computer services consultancy Capgemini and RBC Wealth Management said the Asia- Pacific
region already had the largest
number of high net worth individuals (HNWIs), with 4.69
million in 2014 against 4.68
million in North America.
HNWIs are those with investible money of at least US$1 million apart from the value of their
homes and other collectibles.
“Looking further ahead,
HNWI wealth is expected to expand more in Asia-Pacific than
in any other region of the world
with much of the new wealth expected to come from the emerging economies of China, India,
Indonesia and Thailand,” the
firms’ Asia-Pacific Wealth Report 2015 said. — AFP
Residential and business
buildings under construction in
Zhangjiagang, Jiangsu province,
China seen on Aug 5. HSBC Bank
estimated in May that China had 3.8
trillion yuan of unused fiscal funds
carried over from previous years.
Photo by Reuters
of leftover funds have been cleared
up,” Xu said, without elaborating.
“The focus is on readjusting the
usage of these funds,” he said, adding that the money will be reinvested as quickly as possible in several
major construction projects. No
details were given.
Unspent fiscal budgets are a further drag on China’s economy in a
year when growth is grinding toward a
low not seen in a quarter of a century.
Spooked by China’s biggest-ever and ongoing crackdown
on corruption, many Chinese
officials in the past 18 months
have resorted to dithering over
approving major projects to stay
out of potential trouble.
That has annoyed Beijing,
which has scolded procrastinating local governments for their
laziness and repeatedly threatened to punish them by recalling
their untouched budgets.
HSBC Bank estimated in May
that China had 3.8 trillion yuan of
unused fiscal funds carried over
from previous years. — Reuters
China to buy US soybeans during Xi’s visit
BEIJING: China, the world’s top
soybean buyer, will purchase millions of tonnes of the oilseed from
the United States during President
Xi Jinping’s visit to the country next
week, industry sources said.
A Chinese delegation will likely
sign deals to buy “several million”
tonnes of soybeans during a ceremony on Sept 24 in the Midwestern
state of Iowa, said a source that will
travel with the trade group accompanying Xi.
China buys more than 60% of
the globally-traded volume of soybeans and the crop is routinely
on the shopping list of Chinese
leaders visiting the US, the world’s
second-biggest exporter. China
crushes its soybean imports into
soyoil for food processing and soy-
meal for livestock feeds.
When Xi made his first state visit
to the US as vice-president in February 2012, a Chinese delegation
signed a deal to buy more than 12
million tonnes of soybeans, a record one-off purchase.
Although the deals are seen as
political gestures, they could boost
the US soy market, where the frontmonth contract traded at 6½-year
lows last week.
More than 20 Chinese companies, including state-owned food
processors COFCO, Sinograin and
the Heilongjiang Jiusan Group, will
join the delegation, sources said.
The privately-owned Sunrise
Group, which used to be the largest Chinese soy buyer, is also part
of the delegation.
China is likely to purchase a total of 27 million tonnes of soybeans
from the US during the 2015/16
(Oct/Sept) marketing year, down
from 29.6 million tonnes in the
previous year, the China National
Grain and Oils Information Centre
(CNGOIC), an official think-tank,
said in a report on Tuesday.
CNGOIC also forecast the country’s total soy imports for 2015/16
to grow by only one million tonnes
to 78 million tonnes over the period, because of the country’s overall economic slowdown. US soy
exporters have faced their slowest
sales in seven years for their new
crop this year as huge South American supplies and a strong dollar
have been crimping demand for
US shipments. — Reuters
Chinese firms urged to seek cheaper offshore borrowing
SHANGHAI: China’s top economic planner yesterday told Chinese
firms with good credit to issue
bonds in cheaper offshore markets to support domestic investment and major national projects.
The National Development and
Reform Commission (NDRC) said
yesterday the offshore borrowing
should suppport initiatives such
as the “one belt, one road” undertaking, the unified Beijing-Tianjin-Hebei region, and the Yangtze
River belt project.
The planning agency also en-
couraged companies to take out
commercial loans. Both bonds
and loans should be of one-year
duration or longer, and could be
denominated in either yuan or foreign currency.
The NDRC further specified that
the current foreign debt issuance approval process would be cancelled.
Instead, firms need only apply
to participate in a new registration
system in advance and then report
new issuances or borrowing to the
NDRC within 10 working days.
The NDRC will continue, how-
ever, to set an overall annual limit
for overseas debt financing, it said
in a statement.
With urban fixed asset investment growth sliding in August to
a near 15-year low, Chinese policymakers are searching for ways
to shore up growth.
Widening access to foreign debt
markets could help some firms secure cheaper credit, but may not
have much impact at a time when
companies are nervously eyeing the
potential for further falls in China’s
yuan. — Reuters
IN BRIEF
State-owned heavy
machine maker default
looms as growth slows
SHANGHAI: A unit of China’s
biggest state-owned machinery company may be unable
to make interest payments on a
bond, it said, as slowing growth
heightens default risks among
heavily-indebted firms. China National Erzhong Group,
which makes metal smelting
equipment, may miss an interest payment on a one billion yuan (RM667.2 million)
five-year bond issued in 2012,
it said in a statement on Tuesday, without giving an amount.
Chinese authorities say they are
trying to reform the lumbering,
inefficient industrial giants of
the state sector, but the process
is slow and obstructed by vested interests. — AFP
Asia’s best refuge
from China and Fed
fallout is Taiwan
TAIPEI: The best refuge from
the Asian emerging market
crash triggered by China’s
slowdown is right next door in
Taiwan. Global funds boosted
holdings of the island’s equities this month, while pulling
money from securities in South
Korea, India, Indonesia and
Thailand, exchange data show.
Credit Suisse, JPMorgan Chase
& Co and Morgan Stanley all
have “overweight” recommendations on the island’s stocks as
companies from Taiwan Semiconductor Manufacturing Co
to Pegatron Corp benefit from
strengthening US demand for
tech products. — Bloomberg
Chief of biggest
brokerage swept up in
stock-rout probe
BEIJING: The president of
China’s biggest brokerage has
been swept up in a widening
campaign to root out financial
wrongdoing and assign blame
for the nation’s US$5 trillion
(RM21.2 trillion) stock rout. The
probe of Citic Securities Co president Cheng Boming comes after
the state-run Xinhua news agency reported last month that four
executives at Citic had admitted
to so-called insider trading. Since
the market crash, China’s targets
have ranged from so-called “malicious” short sellers to a journalist from business magazine
Caijing whose report was alleged
to have caused market panic. —
Bloomberg
Beijing says steel
export limits won’t
solve trade tensions
BEIJING: Using anti-dumping
measures to restrict Chinese
steel exports will not provide a
lasting solution to growing trade
tensions in the sector, which is
suffering from overcapacity on a
global scale, China’s commerce
ministry said yesterday. With
domestic demand weakening,
the Chinese steel sector has seen
the foreign market as a lifeline,
with historically low prices allowing them to boost exports by
as much as 26.5% in the first eight
months of this year. — Reuters
20 FO CU S
The 2015 2.3L EcoBoost Ford Mustang
Convertible. Merkle says 15% of female
Mustang buyers choose the convertible
versus 13% for men. Photo by Bloomberg
TH
In
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TH
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wo
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abl
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This year women
want a Ford Mustang
U
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d
o
l
i
t
n
The pony classic is the best-selling sports car among female buyers in the US in the first half of 2015
a
Th
e
t
Th
t
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w
Th
i
t
BY HA NN A H EL L IOTT
L
adies love pony cars. At least
they do this year. According to
sales results for the first half of
2015, the new Ford Mustang
is the best-selling sports car in
the world — and the best-selling sports car among women in the United States.
Global sales of the Mustang hit 76,124 vehicles for the first half of 2015, up 56% year
to date, according to Polk/IHS global sales
data. Total sales among women in particular are up 40% over last year, giving Mustang
36% of the entire female sports car market.
“Women like it because it is a practical
choice,” said Erich Merkle, Ford’s US sales
analyst. “It looks great, and it provides good
performance and fuel efficiency.”
Merkle said ladies tend to choose the
(four-cylinder, more efficient) EcoBoost
engine option over the V6 and V8 versions
more often than men.
They also tend to choose the drop-top
option slightly more often than their male
counterparts, he said: 15% of female Mustang buyers choose the convertible versus
13% for men.
Women buyers stand to help boost sales
in international markets. This is the first
year the Mustang is available to customers
in more than 100 global markets including
the United Kingdom, Australia, South Africa and Japan.
It’s the first time many of them will have
B
a
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(
d
o
s
o
w
P
Th
w
(
3
The 2016 Mustang GT with black accent package. Global sales of the Mustang hit 76,124 vehicles in the first half of 2015.
access to a right-hand-drive model.
In the UK, Ford has logged more than
2,000 orders for the Mustang since January
and scheduled extra production to meet the
greater-than-expected demand.
Several European sales lists sold out in
minutes, according to Ford. Australia and
New Zealand have each exceeded demand
as well, with 3,000 orders placed in Australia
and 400 in New Zealand.
In China, which saw sales start last winter, Mustang is already nearly the top-sell-
ing sports car there, with popular hubs in
Beijing, Guangdong and Shanghai.
Merkle chalks up the enthusiasm to unfettered love for traditional automotive muscle.
“Passion for the car is universal,” he said. “It’s
an American icon.” — Bloomberg
LY
FO CU S 21
TH U RSDAY S E P T E MB ER 17, 2015 • D IG ITA LED G E DA ILY
Infiniti Q30 Premium Active
Compact makes its bow at Frankfurt
THE first-ever Infiniti Q30 Premium Active
Compact is making its bow to the automative
world at the International Frankfurt Motor
Show up to Sept 28.
Featuring Infiniti’s iconic design language,
the all-new Q30 represents a category-breaking vehicle concept developed for customers
seeking urban individuality. Its dynamic drive
characteristics provide for a confident and
responsive performance as well as excellent
handling. Crafted trims and expressive interiors extend the striking design approach from
the exterior into the passenger cabin.
The public premiere of the Q30 Active
Compact comes exactly two years after its
precursor, the Q30 Concept, was introduced
at the 2013 Frankfurt show. The unmistakable approach of that winning concept has
been fully maintained in Infiniti’s new Q30
compact vehicle.
“Design is a key pillar of the Infiniti brand
— and the new Q30 Active Compact perfectly embodies this approach,” said Infiniti
president Roland Krueger.
“The Q30 Active Compact delivers the
distinctive design, the driving dynamics and
the individuality that our customers expect
of an Infiniti vehicle. With our first-ever entry in the compact car segment, we continue
the product offensive and provide additional options for our discerning customers.”
The Q30 Active Compact underwent final
testing and development in Europe. It will be
built in Sunderland in the United Kingdom,
which then becomes the fourth country on
three continents to build Infiniti vehicles.
The Infiniti Q30 Premium Active Compact, in which expressive design meets excellent handling.
Motorola challenges Apple with new Moto 360 smartwatch
BY STEPH EN PU LV IRENT
UNTIL recently, Apple had been the only
smartwatch maker to think deeply about its
devices as fashion accessories. That changed
on Sept 2. With the second-generation collection of Moto 360 smartwatches, Motorola
is doubling down on design while claiming
that it has drastically improved on the technical side, too.
The new Moto 360 isn’t a single watch with
a few small variations, as the first edition was.
This watch comes in three basic variations,
each with a number of customisable details.
Two watches are intended for men, one
that’s 46mm across and a second that’s 42mm.
They take 24mm and 20mm straps, respectively. Because the watches have lugs this
year (the bits that jut out to hold the strap),
all 360 models can use any properly sized
watch straps, not just those from Motorola.
There is also a special women’s watch, which
is still 42mm but uses slimmer 16mm straps
to give the illusion of a smaller size.
The men’s watches come in silver, black,
and gold; the women’s watch swaps black for
rose gold. There are multiple bezel options
(knurled, chamfered, etched), and the colour
doesn’t have to be the same as the main body
of the watch, either. Take leather and metal
straps into account and you can get hundreds
of possible combinations, very much in line
with the Moto X and Moto G smartphones.
Premium price tag
The watches have a premium look that comes
with a premium price tag: from US$299
(RM1,268). By comparison, the 2014 Moto
360 currently starts at US$149. Since Android
01
Wear now works with the iPhone, Motorola
seems to be positioning this smartwatch in
direct opposition to the Apple Watch, and
doubling the price now puts the Moto 360 in
the same bracket as the Apple Watch Sport —
and still well below the tariff for the standard
Apple Watch.
The biggest performance complaint with
the original Moto 360 concerned battery life.
A lot of consumers were unable to get a full
day’s use out of the device without a midday
top-up. This improved some via software
updates, but Motorola says the new watches
will perform much better right out of the box:
The 46mm watches can get up to two days
on a single charge, while the smaller, 42mm
watches will get between a full day and a day
and a half. While Moto’s software is Android
Wear with special watch faces and flourishes,
everything is meant to look clean and minimal.
To buy the Moto 360, you can access the
full collection at Motorola.com, and certain
models will be for sale through
the Google Play store and via Best
Buy online. Pre-orders began on
Sept 2 through all three retailers,
with watches scheduled to
reach Best Buy and Verizon retail stores later in
the month.
You can also pre-order
through the Moto Maker
customisation tool. This
in
fetcle.
It’s
Each watch comes with a wireless
charging cradle, whatever style
you choose. Photos by Bloomberg
02
01. By mixing metals,
bands and sizes, you
can get hundreds of
different Moto 360
versions.
02. A new Sport model
comes with a few
extra features and
different bands.
03. Motorola has
updated the Moto
360 to include two
sizes, as well as
multiple colours
and strap choices.
03
lets you design every component to get just
the look and feel you want, instead of having
to pick up an off-the-shelf design. For now,
Moto Maker for the Moto 360 is available in the
United States, Mexico, the United Kingdom,
France and Germany; availability may expand.
Partnership with Nordstrom
Also coming is a retail partnership with luxury department store Nordstrom, a big sign
of confidence that smartwatches can achieve
mainstream penetration.
From 50 to 80 Nordstrom stores across the
US will start selling the Moto 360 later this
month. This is the first smartwatch stocked
by Nordstrom, demonstrating that Motorola
is trying to market and sell the 360 as a lifestyle product (just as Apple has done with the
Apple Watch). Each store will carry from 12
to 15 variations on the watch, more than any
other brick-and-mortar retailer. They will be
merchandised alongside traditional watches
in the stores’ jewellery departments.
Outside the main collection will be a special
Moto 360 Sport edition. This watch has a fully
integrated silicone rubber strap and a special
screen mode that combines backlighting and
reflective viewing to make it more readable
in direct sunlight. It is meant for those who
want full smartwatch functionality in a style
more like that of a fitness tracker. Details remain sparse, with a release date yet to be set.
The Moto 360 can be pre-ordered directly from Motorola, including custom models
through the Moto Maker site. Prices range
from US$299 to US$429. Delivery begins later
this month, when the watches also hit stores.
— Bloomberg
22 FO CU S
‘India has potential to increase
consumption over next few years’
As its economy continues to grow at 7% to 8% annually, says PineBridge’s Huzaifa
BY A SSI F SH A MEEN
O
ver the past year,
Chinese stocks
have got more than
their fair share of
headlines. Having surged 130%
to 150% through their June peak,
Shanghai and Shenzhen stocks
have plummeted nearly 40% since.
Yet, China, Brazil (down 21% over
the past year) and Russia (down
45% from its peak 18 months ago)
are not the only large emerging
markets that have been hammered
over the past year. Even India, the
darling of global investors since
September 2013, is down 6% over
the past 12 months despite its stellar fundamentals, although it has
not suffered half as badly as its
peers. Huzaifa Husain, head of Indian equities at PineBridge Investments, who helps manage the
firm’s India Equity Fund, says
the recent sell-off has only made
Indian stocks more attractive to
long-term investors. “Return expectations in India are now more
realistic because global investors
understand that returns on financial assets over the next few years
are going to be lower everywhere,”
he notes. PineBridge’s 10-year-old India
Equity Fund, which has US$850
million (RM5.09 billion) in assets
under management, is one of the
best-performing Indian funds on
a three- and five-year basis. While
its benchmark MSCI India Index
is down 9% this year, the PineBridge fund is actually up for the
year, albeit just 0.28%. Last year,
the fund was up 56% whereas the
benchmark index was up 23.9%.
In 2012, the fund was down 5.9%,
while the benchmark was down
3.8%. In 2011, it was down 30.5%
compared with the index, which
was down 37.2%. “Our fund tends
to outperform when markets are
under pressure,” says Husain. To be sure, the case for India is
simple. Prime Minister Narendra
Modi’s government, which came
to power 16 months ago, is trying
to fast-track reforms and make
India Asia’s next Tiger economy.
From their lows in August 2013
in the run-up to Modi’s election
and in its immediate aftermath,
Indian stocks surged nearly 70%.
Though they have fallen dramatically in recent months, they are
still up 39% from the lows of two
years ago.
Second-most-expensive
market
Clearly, reality has caught up with
elevated expectations and even
though the economy is now starting to fire on all cylinders, corpo-
Huzaifa: Our fund tends to outperform
when markets are under pressure.
Photo by Samuel Isaac Chua/The Edge
Singapore
rate earnings have not yet kept
pace, which has made India the
second-most-expensive market in
the region, behind the Philippines.
Is it still time to get on board India
just as the US Federal Reserve is
set to raise interest rates, the US
dollar continues to strengthen and
money is flowing out of emerging
markets back into developed ones? The way Huzaifa sees it, despite
the Fed’s expected move, the world
is still awash with liquidity from
the quantitative easing and low interest rates put in place by central
banks around the globe. Moreover, as growth in China slows, it is
clear that the world has an abundant supply of raw materials and
finished goods. Few countries are
better positioned than India to
take up the slack, not just because
of its size but also its younger demographics. Huzaifa argues that India has
the potential to dramatically increase consumption over the next
few years as its economy continues
to grow at 7% to 8% annually. India is a huge beneficiary of lower
oil and commodity prices. “India
imports nearly a billion barrels of
oil every year,” he notes. “When oil
prices fall from US$100 a barrel to
US$50, that’s US$50 billion in savings, or something like 3% of the
GDP,” he tells The Edge Singapore
in a recent interview. All the savings flow directly down — some
to the government because of the
subsidies, but mostly to companies, whose margins improve, or
individuals, who pay less for fuel
and now have money to spend on
other things.
The PineBridge manager dis-
misses the notion that India’s
growth story is on the verge of
being derailed because Modi’s
government has dragged its feet
on reforms or because capital is
likely to flow out of emerging markets such as India in the wake of
the Fed’s rate hike in the coming
weeks. While it needs foreign direct
investments in manufacturing, infrastructure and services, India, he
says, is not short of capital. “Every
day, Indians save US$1.5 billion,”
he notes. That’s US$550 billion
every year that is being saved and
needs to be invested.
“Instead of being invested in
financial assets traditionally, the
money has gone into real estate
or gold because real interest rates
have been low in recent years,” he
says. As real interest rates have
turned positive over the past year
or two, Indians are now saving
more. Moreover, Indian corporates are also keen on investing
more because they are seeing higher returns on their investments.
“What’s broken in India is the link
between savers and investments
because banks have been saddled
with bad loans, particularly state
banks, which make up 70% of the
banks in India,” he says. Huzaifa’s picks have three
things in common. “First, we try
to pick companies whose business
franchise is so good that most of
them are wonderful compounding
machines,” he says. Second, most
of the companies in his portfolio
are run by professionals who have
done very well compared with their
peers and have a record of treating
minority shareholders well. Lastly, “most of the stocks we buy are
trading at valuations where future
expectations are very reasonable”,
he notes. “As long as you get those
three right, you are probably going
to do well over time.” A few things to consider
How has his portfolio managed to
outperform its benchmark index
so consistently for so long? Huzaifa looks for a few things when
he invests in a company. First, he
looks at how long it takes for the
company to recover its capital. He
likes motorcycle manufacturers
because they can get back their
capital over two to three years. “Oil
refineries can take up to eight years
to recover capital,” he notes. “If
you invest in a company that has
a faster payback, growth becomes
less relevant.” If you are invested in one that has a much longer
payback time, you need to focus
on growth, he argues.
The other thing he looks for
is conservative accounting policies. “Most of our companies have
a more conservative accounting
policy compared with their peers.
First, we try to pick
companies whose
business franchise
is so good that most
of them are wonderful
compounding
machines.
Their earnings multiple may appear relatively high, but because
of their accounting policies, they
tend to perform much better over
time,” he says. His preference is
companies that are cash-rich rather than those that are hooked on
borrowings to fuel growth. So, what does his portfolio look
like and what has he been buying?
Huzaifa likes the infrastructure
sector, but not some of the better-known stocks in the sector such
as Adani Ports & Special Economic
Zone or Larsen & Toubro that are in
every other Indian fund manager’s
portfolio. “I don’t like long-cycle
infrastructure firms,” he says matter-of-factly. “Regulations are still
evolving and some of the companies have projects that take up to
10 or 20 years,” he notes. “Most of
these companies are also seeing a
massive increase in working capital and they keep borrowing more
money, which they need to repay.”
While he believes the only way
India is going to develop is by
massive rebuilding of infrastructure, he argues that as an investor,
he would rather play the theme
through short-cycle infrastructure plays. “You need cement, you
need engines and portable power
when you are building, so that is
why we own Shree Cement,” he
says. He is also a big fan of Cummins India, which makes diesel
engines or portable power units
for back-up power. Cummins is
not just an Indian domestic story.
It has steadily grown exports over
the last few years, he notes. The PineBridge portfolio manager likes the consumer sector, but
is staying away from consumer
staples such as Hindustan Unilever, which trades at over 30 times
forward earnings. “We like consumer discretionary stocks such
as autos, where fundamentals are
as good as consumer staples but
valuations are much more down
to earth,” he says.
He is not a fan of the best-known
Indian auto stock, Tata Motors, the
bulk of whose earnings come from
its Jaguar Land Rover subsidiary
in markets such as China and the
US, but he does like Hero MotoCorp, one of the world’s largest
makers of motorcycles. He also
likes Bajaj Auto, Hero’s main rival.
Another key stock in his portfolio is Bajaj Finance, which provides small-ticket consumer loans
mainly for household goods such
as refrigerators and washing machines. He also has HDFC Bank,
which is focused on mortgages
and consumer finance.
Outsourcers, pharmaceuticals
Huzaifa also likes Indian outsourcers and software firms such
as Infosys and Wipro that are huge
beneficiaries of recovering developed economies such as the US
as well as the falling rupee. The
buzzwords right now are efficiency, financial technology and the
Internet of Things, he notes. “All
these fancy gadgets need to talk to
each other and companies need
to rely on technology to become
more efficient.” Some of the larger Indian outsourcers have 150,000 employees, “so if an American company
says, ‘I want 5,000 people around
the world working on my project,’
there are only a handful of companies that have English-speaking,
tech-savvy employees who can do
the job, on time and on budget,”
he says. “With the hacking of email
servers, cybersecurity is very important and more companies are
now spending a lot of time and
money on it.”
Another beneficiary of the falling rupee is Sun Pharmaceutical
Industries, a large Indian exporter of generic drugs. Another pick
is Bayer CropScience, which is into
crop protection. India, he notes, is
still an agricultural economy, with
nearly two-thirds of its population
living in rural areas. As India develops, there is a need to increase
efficiency in the agricultural sector,
he says, and Bayer CropScience is
a leader in its field. Huzaifa says Southeast Asian
investors looking to invest in India
need to understand that theirs is
not a short-term cyclical bet but
a long-term structural one. “Reforms will take time and there will
be disappointments and setbacks
along the way, but you need to focus on whether India is moving in
the right direction,” he says. When
China embarked on its reforms,
there were plenty of naysayers, but
it proved them wrong over time.
“India is a stock-picker’s market,
so instead of looking at averages
and comparing its valuations with
other markets, investors need to
see who the winners are going to
be from the reform process, or who
will benefit from lower commodity
prices or a weaker rupee.” — The
Edge Singapore
I N T E R NAT I O NA L N E W S 2 3
Migrants enter Croatia after Hungary seals border
TOVARNIK (Croatia): Several dozen
migrants entered Croatia from Serbia early yesterday, the first to enter
the European Union (EU) country
after Hungary sealed its borders to
thousand of people entering every
day, an AFP correspondent saw.
The group of mostly Syrian or
Afghan men, women and children
crossed the border — which was
marked by nothing more than a
stone — early yesterday morning
and were picked up by police as
they walked across a field.
Refugee crisis
hits Greek
election
campaign
BY CAT HERI N E B O ITAR D
ATHENS: The migration wave
lapping at Europe’s door has
hit Greece’s election campaign, with mainstream parties struggling for a solution as
the neo-Nazi Golden Dawn party waits in the wings hoping to
capitalise on voter anger.
But much like the European
Union (EU), which is battling
to come up with a unified response, the two leading contenders for Greece’s Sunday vote
— leftist Alexis Tsipras and conservative Vangelis Meimarakis
— are offering little by way of an
answer for the future.
In office as premier until August, Tsipras stands accused of
opening the gates to thousands
of exiles fleeing war and poverty
in Syria, Afghanistan, Pakistan
and elsewhere. “[Tsipras] sent
a message that people are fine
here, that you should come too,
that it’s summer ... so the number
of illegal migrants spiked,” Meimarakis said during a televised
debate this week.
Tsipras’s radical left Syriza
party had long campaigned to
naturalise migrants living in
Greece for years, and on taking office in January, his government moved to shut down
migrant detention camps introduced by the previous conservative government.
“There are 2.5 million people
because of [the] Syria [war] waiting to cross,” Meimarakis said.
“There should have been bureaucracy on the islands, to help
[the refugees] move on,” he added, referring to over 230,000 people who have landed on Greek
island beaches since the beginning of the year. “As regards
illegal migrants, we must send
them back,” he said.
Tsipras has dismissed such
criticism, noting that migration
is a “global phenomenon” that
Greece is ill-equipped to handle
without European help.
“The Greek coastguard cannot cope with 16,500km of maritime border, even if we were
to send in the entire navy. We
want stronger surveillance” by
EU border agency Frontex, he
said on Monday. — AFP
From there they were taken to a
police station in the nearby town
of Tovarnik to be registered, police
said, and tended to by medical staff.
Police said initially that a group
of around 20 people entered the
country. They said that other groups
of similar sizes were on their way.
Until this week, the vast majority
of migrants and refugees travelled
up from Greece, through Macedonia and Serbia into Hungary. From
there they travelled onwards to
western Europe, particularly Ger-
many and Sweden, via Austria.
But Hungary, which has seen more
than 200,000 migrants enter this year,
on Monday and Tuesday effectively
sealed its southern border with Serbia by closing off a railway line where
many entered with a wag on and
barbed wire. Hungary directed the
migrants to official border crossing
points but after some were allowed
through these too were blocked.
Any entering Hungary illegally were liable to arrest and several years in prison under new laws
rushed through parliament by Prime
Minister Viktor Orban’s government
last week that came into effect on
Tuesday. The effect was plain to see
in numbers released by Hungarian
police yesterday, with the number of
people intercepted falling to just 367
from a record 9,380 the day before.
From Croatia, which is in the
EU, but unlike Hungary not in the
passport-free Schengen Zone,
the migrants could then enter
Schengen member Slovenia, or
Hungary. — AFP
Immigration to
boost workforce
FRANKFURT: Europe’s ageing society is committing “demographic
suicide” and needs immigrants to
keep its workforce from shrinking
further, the vice-president of the
European Central Bank (ECB)
told Reuters.
In a wide-ranging interview,
Vitor Constancio underlined the
ECB’s willingness to print more
money, saying that it had bought
significantly less than peers in the
United States, Japan or Britain.
But he cautioned that while the
ECB could extend money-printing, expectations that the central
bank could single-handedly turn
around the eurozone’s economy
were unrealistic. Immigration, he
said, could help.
Constancio, who deputises for
ECB president Mario Draghi on
the ECB’s executive board, addressed one of the factors slowing the region’s economy, namely
an ageing society and shrinking
workforce that is set to reduce further in the coming decades. “This
is a very acute problem because
for years Europe has been doing
a sort of collective demographic
suicide,” said the former politician
from Portugal, one of the countries worst hit by the downturn.
Migrant crisis in Europe
Updated September 16
Latest developments
Nickelsdorf, AUSTRIA
Around 5,800 cross the main
crossing point from Hungary
overnight Monday and
throughout Tuesday
HUNGARY
174 people arrested Tuesday after
new anti-migrant law comes
into force against ‫ؚ‬illegal bordercrossing‫ؚ‬, with prison term of
up to 3 years
Vienna, AUSTRIA
Around 5,000 migrants spend
Tuesday night at Westbahnof
station and nearby accommodation
HUNGARY-SERBIA border
Hungary effectively seals
border Tuesday, blocking
a gap in the fence with
razor-wire
Salzburg, AUSTRIA
Tensions at main train station
as large numbers of
migrants arrive Tuesday
Bavaria, GERMANY
2,000 new migrants registered,
40 traffickers arrested since border
controls are introduced on Sunday
Passau, GERMANY
Police officers wait for passport
control at the German-Austrian
border, Sept 14, 2015
Photo: Christof Stache
“To change the demographic trends, promoting birth is not
enough. It also has to be done
through immigration. If not, we’re
creating a great difficulty to growth
and to the welfare of future generations,” said Constancio, who is 71.
He said the ECB has scope to
expand its efforts to stimulate the
economy through quantitative
easing, but Europe also needs
Israel reinstates
internment of hunger
striker Allan
JERUSALEM: Israel reinstated the detention without trial yestereday of Palestinian
Mohammed Allan, whose recent two-month hunger strike
brought him near death and
increased tensions in the occupied West Bank. “Mohammed Allan, whose condition
has improved, was arrested
this morning by police at the
hospital in Ashkelon,” police
spokeswoman Luba Samri said
in a statement, adding he was
transferred to the Ramla prison
hospital. His detention without
trial, scheduled to last until Nov
4, was suspended by Israel’s
High Court on Aug 19 as he
received medical treatment following his hunger strike, which
twice left him in a coma. — AFP
Syria archaeological
sites looted
‘on industrial scale’
To help Europe’s ageing society, says ECB vice-president
BY JOHN O’D O NNE LL
& BALAZS KO RANY I
IN BRIEF
Sid, SERBIA
First busload of migrants
on a new route from
Macedonia arrives at border
town Wednesday
AEGEAN SEA
At least 22 Greece-bound
migrants drown when their
boat sinks Tuesday
the US and Chinese economies to
motor ahead. Constancio warned
that Europe’s economic growth
potential was weak, due to factors
including a shrinking labour market. Monetary policy is powerless
in this respect. “Potential growth
is very low and in present conditions, we fear that this will be a
protracted period of low growth,”
he said. — Reuters
SOFIA (Bulgaria): Archaeological sites in Syria are being looted “on an industrial
scale” and the proceeds from
the plunder are funding Islamic State extremists, the head
of United Nations Educational, Scientific and Cultural Organization (Unesco) warned
yesterday. “Satellite imagery
shows that archaeological sites
in Syria are dotted by thousands of illegal excavations
... that show there is looting
on an industrial scale,” Irina
Bokova said in Sofia. “Limiting the trafficking in cultural
property is a top priority because it finances the actions
of the extremists,” she told a
conference. — AFP
Bolivian with 5kg
of cocaine nabbed
BANGKOK: Thai authorities
said yesterday a Bolivian had
been charged with drug trafficking after more than 5kg of
cocaine was found hidden in
his luggage at Bangkok’s main
airport. Jose Alberto Martinez
Soto, 45, was arrested at Suvarnabhumi Airport on Tuesday afternoon when authorities
discovered the 5.2kg haul on
his arrival from Sao Paulo via
Dubai. Airport officials found
five plastic bags of white powder hidden in special compartments when they X-rayed his
two pieces of luggage, the Thai
Customs Department said in
a statement released yesterday. — AFP
Indian Kashmir largely
shuts down
Striking police picket PM’s office, ministries
AMSTERDAM: Striking police officers blocked off entrances at the
prime minster’s office and three
ministries in The Hague yesterday,
as unions stepped up a high-profile
campaign for better pay and conditions for officers.
Packed crowds of mostly
good-humoured police turned civil servants away as they arrived for
work at the ministries of finance,
interior and justice, video footage
showed. Saying that officers had
been “loyal for long enough,” the
ACP Police Union urged the government to improve its offer of a
5% pay hike and a one-off bonus
of €500 (RM2,382).
The action, timed to coincide
with a debate on the annual budget
in the nearby parliament, would end
at 1500 GMT, the union said.
Protesting officers have disrupted a series of sporting events over
recent months, refusing to police
some Dutch premier league soccer
matches, forcing their postponement, and threatening to block the
route of the Tour de France through
the Netherlands. — Reuters
SRINAGAR: Indian-administered Kashmir largely shut
down yesterday after separatists called a strike in protest at
the killing of three men whose
bullet-riddled bodies were discovered in an orchard two days
earlier. Police say the deceased
were local militants who were
killed due to rivalry between
different rebel factions in the
conflict-stricken region, but
separatist leaders say they died
in police custody. — AFP
2 4 I N T E R NAT I O NA L N E W S
‘Beijing may build third
South China Sea runway’
Move likely to raise tensions with US
ahead of state visit by President Xi
BEIJING: Beijing may be building its third airstrip on artificial islands in the South China
Sea, a US think-tank said, in a
move likely to raise tensions with
Washington ahead of a state visit
by China’s president.
The Pentagon has warned
that Beijing’s activities are
changing the regional status
quo, and has weighed sending
warships and surveillance aircraft within 12 nautical miles
— the normal territorial zone
around natural land — of the
new artificial islands.
Work began last year on a
3,000m runway on Fiery Cross
Reef in the Spratly Islands,
around 1,000km from China’s
island province of Hainan.
It is now “well advanced”
and has reached the painting
stage, said the Washington-based
Center for Strategic and Interna-
tional Studies (CSIS) on Tuesday.
Satellite photos of another reef,
Subi, where nearly four million sq
m of land have been reclaimed,
show grading work and possible
runway construction is being carried out, it said.
And satellite photos taken last
week show that a retaining wall
has been built on Mischief Reef,
creating a 3,000m rectangular area,
and a cement plant set up, CSIS
said, “suggesting another runway
could be in the works”.
The images appear to contradict
a claim by China in August that its
reclamation activities had stopped.
Mischief Reef is only 21 nautical
miles from Second Thomas Shoal,
where the Philippines — whose
defence budget is a fraction of
China’s — deliberately grounded
a landing ship in 1999 to serve as
a makeshift base for a contingent
of marines.
Japan protests
after ‘Russian’
plane enters
airspace
Tokyo lodges objection to Chinese gas
operation in disputed waters
TOKYO: Japan has lodged a
protest with Russia after scrambling four jet fighters to intercept a foreign aircraft — believed to be Russian — which
briefly violated its airspace,
officials said yesterday.
The foreign ministry made
the protest shortly after the plane
entered Japanese airspace off
the northernmost main island of
Hokkaido, near a disputed island
chain, on Tuesday afternoon.
“We made the protest
through the Russian embassy
in Tokyo,” a foreign ministry official told AFP.
“The Russian side did not
confirm the case, only saying
they will check facts.”
The Japanese Air SelfDefense Force scrambled four
jets to head off the intruder,
which it believed was Russian
after analysing its course, a defence ministry official said.
If confirmed, this would be
the first time Russian planes
have entered Japanese airspace
since August 2013, when two Tu95 Russian strategic bombers
were intercepted off the southwestern island of Okinoshima,
the ministry said. Sixteen seconds after entering Japanese airspace on Tuesday, the plane left
towards the Kuril island chain,
the ministry added. — AFP
TOKYO: Japan said yesterday it has
lodged a protest after uncovering
evidence that China has started extracting gas in a disputed area near
their border in the East China Sea.
Japan suspects China now has
seven drilling rigs in operation
out of 16 it has positioned in the
disputed waters, officials said, the
Turnbull ‘enthusiast’
for women in power
SYDNEY: Australia’s new leader
Malcolm Turnbull said yesterday he was committed to having more women in top positions, as he prepares to unveil
a cabinet that will replace a
line-up criticised for poor female representation. Under
former premier Tony Abbott,
the 19-member cabinet included just two women, and Abbott, himself was responsible
for women’s policies, a move
that rankled after he had been
accused of sexist and outdated
thinking. Turnbull, who ousted
Abbott as leader of the ruling
Liberal Party on Monday, is expected to reshuffle the leadership team to bring generational
change, but has also reportedly
reached out to old foes and his
more conservative colleagues
to foster party unity. — AFP
Powerful earthquake in
eastern Indonesia
“A third airstrip on Mischief
Reef ... would complete the triangle, significantly boosting China’s
air patrol and interdiction capabilities over the contested waters and features of the Spratlys,”
latest twist in a row over gasfields
in waters claimed by the two countries.
“We are protesting with the Chinese side through a diplomatic
channel,” Chief Cabinet Secretary Yoshihide Suga told a news
conference.
“It is extremely regrettable that
wrote Gregory Poling of CSIS’ Asia
Maritime Transparency Initiative.
China says its reclamations
and facilities are intended for
civilian and well as military purposes. — AFP
the Chinese side ... has unilaterally
gone ahead with the development
while the border has not yet been
settled,” Suga said.
Japan and China agreed in June
2008 jointly to develop the undersea reserves in the disputed area,
with a ban on individual drilling.
— AFP
Japan’s security bills close to becoming law
YOKOHAMA: Crowds took to Japan’s
streets yesterday to protest legislation expected to be passed this week
that could see troops fight overseas
for the first time in 70 years, despite
mass public opposition.
Hundreds of people holding placards saying “No war” and “Don’t ram
through the legislation” faced a line
of police outside a hotel in Yokohama, a city south of Tokyo, where lawmakers gathered for a public hearing
on the bills.
Demonstrators later began blocking the roads, chanting anti-war slogans and trying to stop lawmakers
from driving away after the debate.
The protests are the latest show of
public anger at Prime Minister Shinzo Abe’s plans to expand the role of
Japan’s military on the world stage.
Tens of thousands of people are
also expected to gather outside parliament later yesterday as a special
IN BRIEF
Many legal scholars
have said the changes
are unconstitutional,
and critics worry they
would drag Japan into
American wars in farflung parts of the globe.
committee debates the bills — the
last step before they go to the upper
house plenary session, where they
are expected to be pushed through
by the ruling coalition’s majority.
Opposition parties are planning
actions to try to block the legislation,
including censure motions to try to
embarrass the government into submission, but these are not expected
to stop the bill being passed.
Under the proposed new laws,
Japan’s army, known as the Self-Defense Forces, would be able to go into
battle to protect allies even if there
was no direct threat to the country
or its people.
Although the current post-war
constitution — which barred troops
from taking part in combat except in
pure self-defence — was imposed by
US occupiers, many Japanese feel
strongly any change would alter the
country’s pacifist character.
Many legal scholars have said the
changes are unconstitutional, and
critics worry they would drag Japan
into American wars in far-flung parts
of the globe.
Abe and his supporters say the
bills are necessary to deal with a
changing security environment
marked by an increasingly assertive China and unpredictable North
Korea. — AFP
JAKARTA: A powerful 6.3-magnitude earthquake struck eastern Indonesia yesterday, US
seismologists said, but no tsunami warning was issued and
there were no immediate reports of damage or casualties.
The quake struck at a depth of
52km under the Molucca Sea
at about 3.40pm (0740 GMT),
between the islands of Sulawesi
and Halmahera, the US Geological Survey said. Mochammad
Riyadi, a senior official from Indonesia’s meteorology, climatology and geophysics agency,
said the quake was felt strongly
on Halmahera, which is part of
the Maluku island chain. However, he added, there were no
immediate reports of casualties
or damage and no tsunami alert
was issued. — AFP
Corbyn under fire for not
singing national anthem
LONDON: The new leader of
Britain’s opposition Labour
Party faced heavy criticism
yesterday for remaining silent
while the national anthem was
sung at a religious service to
commemorate the 75th anniversary of Nazi Germany’s
air attacks on Britain. The
front pages of Britain’s mainly right-leaning press carried
pictures of left-winger Jeremy
Corbyn, an anti-war campaigner and anti-monarchist, standing silently as those around
him sang God Save the Queen
during the service at St Paul’s
Cathedral. — Reuters
Benefits for unvaccinated
children to be blocked
SYDNEY: Australia yesterday introduced a “no jab, no pay” law
which would block parents who
refuse to vaccinate their children
from accessing some government benefits. The new legislation introduced to parliament
was announced by the government in April. It was prompted by growing concern about
the anti-vaccination movement
amid recent outbreaks of preventable diseases — such as
measles in Europe. — AFP
I N T E R NAT I O NA L N E W S 2 5
Obama to host China’s Xi for Sept 25 state visit
BY A ND REW B EAT TY
WASHINGTON: President Barack
Obama will offer his Chinese counterpart Xi Jinping a full state welcome at the White House on Sep
25, amid deep and growing tensions
between the top economic and political powers.
Obama and First Lady Michelle
Obama will host Xi and his wife Peng
Liyuan, a Chinese folk singing superstar, “at an official state dinner on the
evening of Sept 25,” said White House
spokesman Josh Earnest.
The prestigious welcome comes
Nepalese
police shooting
kills four
including child
KATHMANDU: A four-yearold boy was among four people killed late on Tuesday
when police in Nepal opened
fire on a crowd of people
demonstrating against a new
national constitution due to
be introduced this week.
Police said they opened
fire after protesters threw petrol bombs and stones at security forces, attacked police vehicles and vandalised a local
police station in the southern
district of Rupandehi.
“Four people were killed
when police were forced to
fire as the crowd became
threatening,” district police
chief Rajendra Dhakal told
AFP by phone.
“Unfortunately, among
them was a four-year-old
boy.”
More than 40 people have
died in fierce clashes between
police and protesters in Nepal’s southern plains that
erupted after the main political parties reached a historic
deal on a new constitution,
under pressure to work together following a devastating
earthquake in April.
They include 11 police and
the 18-month-old son of a
police officer shot dead when
protesters opened fire outside
his home.
Lawmakers began voting
on the charter on Sunday and
it is scheduled to be formally brought into being by the
president on Sept 20.
But plans in the bill to divide the Himalayan nation
into seven provinces have
met with fierce opposition
from some minority groups
who say the new borders
will leave them under-represented in the national parliament.
Nepal began working on
a new national constitution
in 2008, two years after the
end of a decade-long Maoist insurgency that left an
estimated 16,000 people
dead and brought down the
240-year-old Hindu monarchy. — AFP
after Obama made a similar trip to
China in November 2014.
Xi is seen as one of the most powerful Chinese leaders in decades,
but his vision of creating a “Chinese
dream” and returning the country to
great power status has met economic
headwinds.
After decades of breakneck
growth, the Chinese economy is
weakening, creating a worldwide
ripple effect, from slower trade volumes to skittishness on global equity
and commodity markets.
The visit will be an opportunity
to “expand US-China cooperation”
and “address areas of disagreement
constructively,” said Earnest, in a
nod to problems ranging from cyber attacks to Beijing’s controversial
maritime claims.
Ahead of the visit, Obama has
warned that the scale of cyber attacks
from China was “not acceptable,”
and officials have floated the idea
of sanctions.
China could “choose to make this
an area of competition,” Obama said,
but he issued a stern warning: “I guarantee you, we will win if we have to.”
Both the United States and China
have developed vast cyber security
and intelligence gathering capabilities.
Beijing has been blamed for a
recent breach of US federal government personnel files that left millions
of officials — including some at the
very top levels — exposed.
“We have been quite clear that
the United States does not engage in
the kind of cyber activity that yields a
significant financial benefit for American companies,” said Earnest.
“That’s precisely the kind of
behaviour and activity that we’ve
raised concerns about with regard
to China.” — AFP
Thai PM says election
likely in July 2017
Despite efforts by government to speed up process
BANGKOK: A general election in
Thailand could come in July 2017
and not much sooner, despite efforts by the military government
to hasten the process, the prime
minister said yesterday.
The ever-shifting time frame for
Thailand’s return to democracy
after a May 2014 coup has been
delayed a year by the acrimonious
rejection of a new constitution 10
days ago by the junta-appointed
National Reform Council.
“The next general election
could be organised around July
2017,” Prime Minister Prayuth
Chan-ocha told reporters. “It
would not be much earlier than
this, though the government has
tried to speed up all the work.”
The hot-tempered general has
been irked by opponents’ claims
that he is clinging to power and
his tolerance of criticism has been
severely tested of late.
Prayuth carried out the military’s second overthrow in a decade of an elected government
led by the billionaire Shinawatra
family.
He has portrayed himself as
a reluctant leader who intervened amid street protests and
political paralysis to prevent a
Netanyahu to Russia next
week for talks on Syria,
says Israeli official
JERUSALEM: Israeli Prime Minister Benjamin Netanyahu will
visit Russia next week for talks
with President Vladimir Putin
on an expanding Russian military deployment in Syria, an
Israeli official said yesterday.
“The prime minister will present
the threats to Israel emanating
from the increased flow of advanced weaponry to the Syrian
arena and from the transfer of
lethal weaponry to Hezbollah
and other terrorist groups,” the
official said. Moscow has come
under increased international
pressure to explain its moves
in Syria, where the Kremlin has
been supporting Syrian President Bashar al-Assad in a 4½year war. — Reuters
US warns that Assad
has no role in
anti-Islamic State fight
WASHINGTON: Washington
warned Russia on Tuesday that
Syrian leader Bashar al-Assad
has no role in coalition operations against the Islamic State
group and must step down to
allow a political settlement. Secretary of State John Kerry called
his Kremlin counterpart Sergei
Lavrov to restate the US position
after Russia’s President Vladimir
Putin promised to maintain military support for Assad. “Secretary Kerry made clear that
Russia’s continued support for
President Assad risks exacerbating and extending the conflict,
and undermining our shared
goal of fighting extremism,” his
office said. — AFP
Trump in the crosshairs
at US Republican
presidential debate
Prayuth gesturing after presiding over Thailand Corporate Excellence Award for
Financial Management in Bangkok on Sept 9. The hot-tempered general has been
irked by opponents’ claims that he is clinging to power. Photo by Reuters
descent into chaos.
Prayuth appeared to rule himself
out of the running to be premier
after the election, and was asked
yesterday if anyone had requested
he stay on.
“Nobody can make me. I know
what I can do. If we can get it done
today, it’s done,” he said, of his reform programme.
“If not, let somebody else do it.”
Prayuth is a heavyweight in a
staunchly royalist military faction with strong ties to Thailand’s
conservative establishment, an
old-money oligarchy riled by the
electoral rise of the Shinawatras
and their capitalist political clique.
Asked what would happen if
a Shinawatra-backed party were
re-elected, Prayuth said, “Nothing
to do with me.” — Reuters
Facebook working on long-sought ‘dislike’ button
SAN FRANCISCO: Facebook,
pressed for years by users to add
a “dislike” button, announced
on Tuesday it was working on
the feature and will be testing
it soon.
“We’ve finally heard you,” chief
executive officer and founder
Mark Zuckerberg told a public
town hall meeting in Facebook’s
hometown of Menlo Park, California.
IN BRIEF
A question submitted online
by a user asked the oft-repeated
question of why there were no
buttons along the lines of “I’m
sorry”, “interesting” or “dislike”
in addition to the classic thumbsup “like” button, through which
users show their support for posts
by friends, stars and brands on
the social network.
“Probably hundreds of people
have asked about this, and today
(Tuesday) is a special day because
today is the day where I actually
get to say we are working on it
and are very close to shipping a
test of it,” Zuckerberg said.
“It took us a while to get here
... because we don’t want to turn
Facebook into a forum where people are voting up or down on people’s posts. That doesn’t seem
like the kind of community that
we want to create.” — AFP
SIMI VALLEY: Donald Trump
may have a big target on his back
at the second debate of Republican US presidential candidates
yesterday as his rivals seek to
make up ground they have lost
to the front-running billionaire
with a flair for bomb-throwing
rhetoric. Many of the 11 candidates who will be at a primetime debate (5pm PDT/8pm
EDT) see a path for themselves
to the Republican nomination
for the November 2016 election, and any route they take
will require getting out of the
long shadow cast by Trump.
— Reuters
Fifteen killed in Utah
flash floods, five
still missing
LOS ANGELES: The death toll
from flash floods that have
struck the western state of
Utah rose to 15 on Tuesday
with five people still missing,
authorities said. Twelve of the
victims were from two families in two vehicles. They were
caught off guard on Monday
afternoon by raging waters in
the small town of Hildale. “At
about 5pm, two vehicles were
hit by floodwaters and were
swept into the flood,” Michelle
Catwin, a local official, told
AFP. — AFP
26 FO CU S
TH
The 10 gallery shows
you need to pay
attention to
Painting not medium of choice but people
taking video more seriously
BY JAMES TARMY
T
here have been persistent murmurs in the art
world about the imminent (market) demise
of the so-called Zombie
Formalism movement,
a kind of colourful, undemanding
type of abstract painting that’s commanded astronomical prices for the
Bruce McLean at Tanya
Leighton, through Oct 10,
Berlin, Germany
Most of Bruce McLean’s art is
conceptual, and most of his concepts involve comedy. In this
new show, a video installation
that’s “a collection and synthesis of some of [his] concerns” is
paired with a few delicate, painterly paintings of peeled potatoes, along with a bronze sculpture of ... yet another peeled
potato. tanyaleighton.com
past few years. Dire predictions and
a few disappointing auction results
aside, the evidence is hardly overwhelming.
And yet, looking ahead to the fall’s
most anticipated openings, there
appears to be a preponderance of
shows that feature gallery-wide installations, immersive video art, and
site-specific objects, most of which
are about as living room-and-wall
friendly as a grenade.
“It seems painting is not the medium of choice at the moment,
especially abstraction,” says art adviser Eleanor Cayre. “A lot of people are starting to take video more
seriously.”
The following, culled from around
the globe, is a list of the most hotly
anticipated shows where there isn’t
a single decorative canvas in sight.
Alberto Garutti, Installation view, “Là, Ora,” Buchmann Galerie, Berlin.
Alberto Garutti at Buchmann Galerie,
through Oct 31, Berlin
Alberto Garutti is an Italian artist who works in photography,
drawing, sculpture, painting, video and sound. This solo exhibition includes lovely perforated mirrors — the holes were
drilled along the reflections of the artist’s studio furniture —
and spools of nylon thread, whose length corresponds to the
distance between two meaningful sites — his house and his
gallery show. buchmanngalerie.com
Bruce McLean, “Urban Turban,” 1994-97, Tanya Leighton, Berlin, Germany.
Kathryn Andrews, Installation view, “Trinity and Powers: In Search of Breadfruit,”
Gladstone Gallery, Brussels, Belgium.
Kathryn Andrews at Gladstone,
through Oct 9, Brussels, Belgium
Kathryn Andrews, who is based in Los Angeles, tends toward a
bright, pop-y aesthetic that grapples with consumer culture, Hollywood, and, occasionally, politics. This installation includes polished gumball machines with nude Tahitian women stamped on
every piece of gum, and lounge chairs covered in beach umbrellas that have been sharpened into spears. gladstonegallery.com
Christian Marclay, Installation view, “Surround Sounds,” 2014-15, Paula Cooper
Gallery, New York.
Christian Marclay at Paula Cooper, through Oct 17, New York
Christian Marclay is probably best known for his 24-hour video piece “The Clock” (when it was
exhibited at the Museum of Modern Art in New York, there were near constant lines to see it).
Here he’s created a new room-size video installation consisting of “animated onomatopoeias”
projected onto all four walls of the gallery; when the word “zoom” appears, it speeds along accordingly. paulacoopergallery.com
2
W
LY
FO CU S 27
TH U RSDAY S E P T E MB ER 17, 2015 • D IG ITA LED G E DA ILY
Gego at Dominique Levy,
through Oct 24, New York,
United States
Gego, whose real name was Gertrud
Goldschmidt, was born in Germany in 1912 and fled the Nazi regime
to settle in Venezuela, where she
lived until her death in 1994. Her
spindly, delicate Chorro sculptures
made of thin aluminum wires have
been sought after for decades — all
18 of them are here together for
the first time in 40 years. dominique-levy.com
Gego, Installation view, “Gego: Autobiography of a Line,” Dominique Lévy,
New York, United States.
Fort, Installation view, “About Blank,” Sies + Höke, Dusseldorf, Germany.
Fort at Sies + Höke, through Oct 16, Düsseldorf, Germany
Fort, an artist duo based in Berlin, has a thriving practice
consisting of appropriating various totems of everyday life,
sticking them in a gallery, and making them unsettlingly
weird. (Yes, you are in a white-walled gallery; yes, there is a
half-eaten ice cream cone next to you presented as art.) This
show is an investigation into “the notion of emptiness”, and
includes a closed shop door, plumped-up garbage bags, and
meticulously arranged trash. sieshoeke.com
Trisha Baga at Greene Naftali,
through Oct 3,
New York, United States
Baga turns her videos into roomsize installations, adorning them
with found objects in bright colours and weird knick-knacks; instead of standing watching a video, you’re in her world. Humour is
never far from the picture (or video, or painting, or performance),
and this 3D video installation is
no different: It includes a video
where peacocks eat seed portraits of Ellen DeGeneres and
Rosie O’Donnell. greenenaftaligallery.com
Trisha Baga, “MS Orlando,” 2015 Trisha Baga, “MS Orlando,” 2015.
hy,
exere
e—
the
his
was
it).
as”
ac-
Hartmut Böhm, Installation view, “Kontrast B / W,” 2015, Bartha
Contemporary, London.
Hartmut Böhm at Bartha Contemporary, through
Oct 10, London, the United Kingdom
Born in 1938, Hartmut Böhm has been for decades associated
with minimalist and European Concrete Art movements (art that,
generally speaking, appears geometric or potentially made by a
machine). In this exhibition — his third at the gallery — he’s installed simple, repetitive artworks that grapple with mathematical systems and reflect, according to the gallery, an “increasing
unease with the dogmatic nature of geometric art and German
constructivism in particular.” barthacontemporary.com
Mike Kelley,
“Kandor 4,”
2007, Hauser &
Wirth, New York.
Sarah Sze, Installation view, various works, Tanya Bonakdar Gallery, New York.
Sara Sze at Tanya Bonakdar,
through Oct 17, New York
Sara Sze, an artist with strong conceptual leanings and whose work
perennially falls between the cracks
of sculpture and installation, has
turned the downstairs of the Chelsea gallery into her studio space in
an attempt to emphasise the steps
between creation and presentation.
Sculptures — assembled, fabricated, and arranged by Sze — are
spread across both floors of the
gallery in a messy (but deliberate!) installation. tanyabonakdargallery.com
Mike Kelley at Hauser & Wirth, through Oct 24,
New York
The entirety of Hauser & Wirth’s Chelsea gallery is devoted
to a series of installations by the late artist Mike Kelley, all of
which are part of the artist’s Kandor series, named after the
birthplace of Superman. There’s a room of striking coloured
resin cities, a hall made up of comic book-inspired lenticular
light boxes, and, in a massive room, the colossal Exploded Fortress of Solitude, which is accompanied by a video that “collides
psychosexual and sadomasochistic drama with a repertoire
of parodic cliches”. Watch it in the dimly.lit gallery and feel ...
something. hauserwirth.com. — Bloomberg
2 8 S P O RT S
IN BRIEF
No plans to cancel S’pore GP
Although organisers admit unpredictable haze is a problem
SINGAPORE: Organisers of the
Singapore Grand Prix (GP) said on
Tuesday the haze situation caused
by forest fires in Indonesia was
volatile, but there were no plans
so far to cancel the event.
Rain gave the city a welcome respite from the acrid smog but the Pollutant Standards Index (PSI), which
measures air quality, remained at
“unhealthy” levels and grey, foglike smoke still shrouded the island.
Oganisers said there were no
plans to amend the programme
of the nightime street-circuit race
and the glitzy public entertainment shows that come with it
based on the current air quality
levels, but acknowledged the situation was volatile.
Record revenues
as Rugby World
Cup seeks new
frontiers
LONDON: The Rugby World
Cup has become a huge business machine generating record
revenues this year and aiming
for even more in the future.
World Rugby is targeting
commercial revenues of £240
million (RM1.56 billion) or
the tournament which starts
at Twickenham tomorrow, 60%
higher than 2011, according to
chief executive Brett Gosper. He
predicted a surplus of about
£150 million.
Some business experts reckon the World Cup generates
US$1 billion (RM4.24 billon) for
the global body, broadcasters,
kit makers and sponsors.
On top of the World Cup’s
revenues, the 20 competing
countries are bringing £125
million in sponsorship deals
alone, according to the Repucom sports marketing data firm.
The World Cup is “a massive
commercial platform,” Repucom chief executive Paul Smith
told AFP. “It is a billion-dollar
enterprise drawing investment
on many levels.”
Television accounts for
about two thirds of World Rugby’s revenues, said Gosper. It is
also leading rugby’s attempts to
conquer new markets.
The World Cup will be
broadcast in 203 countries and
territories. Germany will show
24 matches live and China 22,
Gosper said.
“We want maximum exposure, particularly in markets
like India, China, Brazil and
the United States,” he added.
World Rugby is hoping that
the sport’s Olympic rebirth in
Rio de Janeiro next year will
further boost finances. — AFP
“The haze situation is highly
changeable not only from day to
day, but from hour to hour,” Singapore GP said in a statement on
Tuesday.
“Therefore, it is currently not
possible to reliably predict what
the PSI level might be over the
race weekend.”
Indonesia on Tuesday deployed
an extra 1,600 military personnel
to fight seasonal forest and farm
fires on Sumatra island across the
Strait of Malacca from Singapore.
Air pollution indices in Singapore were still in the moderately
“unhealthy” range on Tuesday
but businesses and schools were
operating normally.
They reached “very unhealthy”
levels after sundown on Monday,
limiting visibility in the Marina
Bay district where the race will be
staged with parties and outdoor
concerts on the sidelines.
In Malaysia, the Education
Ministry ordered schools closed
in Kuala Lumpur, three adjacent
states and the administrative capital of Putrajaya.
Singapore GP said the air quality readings would be posted on its
website www.singaporegp.sg and
on its official mobile app to help
fans “make informed decisions”.
They will also be flashed on the
giant screen in between races and
broadcast on the in-circuit radio
system. The health advisory will be
posted on all entrances at the circuit.
It said protective respiratory
masks “will be available for patrons throughout the ciruit park
at cost price”, while medical and
first aid posts will be on standby
“to handle any possible haze-related conditions”.
International acts Bon Jovi, Maroon 5, Pharrell Williams, Spandau Ballet and Jimmy Cliff are the
featured off-track performances
this year.
A side event — in which Singapore’s three fastest virtual Grand
Prix drivers will race McLaren-Honda driver Jenson Button
on a simulator — was due to be
held indoors yesterday instead
of outdoors as earlier scheduled.
— AFP
Hamilton out to emulate Senna
BY JOHN O’BRI E N
SINGAPORE: Lewis Hamilton has
always regarded Ayrton Senna as
his Formula 1 idol and the reigning world champion has a golden
opportunity to match the late Brazilian’s 41 race wins at this week’s
Singapore Grand Prix.
Should the Briton drive his
dominant Mercedes to victory in
his 161st start on Sept 20, not only
will he achieve the feat in exactly the same number of races, he
will strengthen his bid for a Senna-equalling third world title.
“I watched Senna as a child and it
would be an honour to match him.
Now I’m just one win away but I
hope to do even better,” the 30-yearold said in a recent interview.
“But we must not forget that if
he were alive, he would have won
a lot more,” he added of the driver
who tragically lost his life following a crash at the 1994 San Marino
Grand Prix.
Hamilton holds a 53-point lead
over nearest challenger Nico Rosberg going into the 13th round of
the season, and it was at this race
a year ago where the Briton ripped
the momentum away from his German teammate.
Last season, the title race end-
Palmer targets Rio as
drug nightmare ends
SYDNEY: Australia’s Kylie Palmer, who missed the 2015 World
Championships after testing
positive for a banned drug, has
received only a reprimand from
swimming’s governing body
and says she can now focus on
the Rio Games. The 25-year-old
2008 Beijing Olympics relay gold
medallist was found to have
low levels of a banned masking agent in 2013, but was not
notified until earlier this year.
Swimming’s world governing
body Fina, who only told Palmer
in April about the failed test at
the 2013 world championships
in Barcelona, issued a warning
and reprimand to Palmer on
Tuesday. “The decision of the
[doping] panel means that I can
return to competitive swimming
immediately,” Palmer said yesterday. — AFP
Georgia teen set to break
World Cup record
LONDON: Eighteen-year-old
scrum half Vasil Lobzhanidze
will become the youngest World
Cup player in history if he gets a
place in Georgia’s team to play
Tonga on Sept 19. Lobzhanidze
said he barely remembers the
last World Cup in 2011 and
only took up rugby union seven years ago. “Just a few years
ago, I would not have imagined
that I would play for the Georgian national team, let alone at
a World Cup,” he said at a press
conference in Bristol. “It is a
dream come true, it’s a fantastic
feeling.” Georgia play Tonga in
their opening Pool C game in
Gloucester. — AFP
Hangzhou awarded
2022 Asian Games
Reigning world champion Hamilton has a golden opportunity to match the late
Brazilian’s 41 race wins at this week’s Singapore Grand Prix. Photo by Reuters
ed up going all the way to the final round in Abu Dhabi as Hamilton’s reliability issues allowed
Rosberg to remain within striking
distance despite winning seven
fewer grands prix.
This year, however, Hamilton
has secured 11 pole positions in 12
rounds, finished every single race
and claimed his seventh victory of
the season in Monza last time out
as a late engine failure left Rosberg
pointless.
Hamilton knows what it takes
to win in Singapore, having twice
taken the chequered flag under
the floodlights after 61 concentra-
tion-sapping laps around the Marina Bay Street Circuit, and the Briton
is geared up for another tough race.
A Hamilton win would also see
him draw level with Sebastian Vettel
with 41 career victories, although
the German will be looking for his
third win in his debut season for
Ferrari at a circuit he also loves.
Vettel stormed to three straight
wins in Singapore with Red Bull from
2011 and with his car the best of the
rest this season, the four times champion sits 21 points behind Rosberg.
The tight track and regular safety car periods could work in his
favour. — Reuters
ASHGABAT: The Chinese
city of Hangzhou was yesterday awarded the 2022 Asian
Games, organisers and state
media said, in another win for
China’s global sporting ambitions. Hangzhou in eastern
China was the only candidate
city, a report by the country’s
official Xinhua news agency
said. Its sole candidacy made
it a shoo-in for selection by the
Olympic Council of Asia (OCA)
at its congress in the Turkmenistan capital Ashgabat. An OCA
spokesman confirmed the decision to AFP, saying the body,
the Chinese Olympic Committee, and Hangzhou had already
signed the hosting contract at
the meeting. — AFP
Serena serves up NY
fashion after Open defeat
Magnussen falls off bike and breaks hand
SINGAPORE: McLaren reserve driver Kevin Magnussen will be absent
from this weekend’s Singapore Formula 1 (F1) Grand Prix paddock after breaking his hand while cycling.
“Broke my hand after falling
off my bicycle. Better stick to four
wheels,” The Dane told his 206,000
Twitter followers on Tuesday, with
a photograph of the bandaged left
hand, after earlier informing them
he would not be at the night race.
Magnussen raced for McLaren
last season alongside Jenson Button and was drafted in for the 2015
season-opener when Spain’s double
world champion Fernando Alonso
was ruled out with concussion from
a crash in testing.
The 22-year-old is currently looking for a drive for 2016, with McLaren’s racing director Eric Boullier
saying recently that the team hoped
to help both him and Belgian GP2
leader Stoffel Vandoorne find a seat
somewhere.
Magnussen, who finished second
on his F1 debut in the 2014 Australian Grand Prix, has also been
linked to the new US-owned and
Ferrari-powered Haas team which
is due to enter the sport next season. — Reuters
NEW YORK: Serena Williams
put a brave face on her shock
US Open defeat, unveiling
her latest fashion collection
in New York on Tuesday with
Anna Wintour and rumoured
boyfriend Drake in the front
row. The tennis ace’s dreams of
winning a calendar-year Grand
Slam were shattered in the US
Open semi-finals at Flushing
Meadows. Williams presented 23 looks — all available for
immediate purchase online.
— AFP
S P O RT S 2 9
Bale injury overshadows latest Ronaldo record
BY KI ERA N C A N N I NG
MADRID: Real Madrid coach Rafael Benitez fears Welsh star Gareth
Bale could be set for a significant
spell on the sidelines due to a calf
muscle injury.
Bale was forced off after just
half an hour of Madrid’s 4-0 win
over Shakhtar Donetsk to open
the Spanish giants’ Champions
Fifa received no
profit-sharing
from 2005
contract
BY MA RK H OSEN BALL
ZURICH: Soccer world governing body Fédération Internationale de Football Association
(Fifa) was due half of the advertising revenue from a 2005 media deal it signed with a Caribbean soccer organisation but did
not receive any of it, according to
a termination letter sent by Fifa.
The contract was signed between Fifa and the Caribbean
Football Union (CFU) and involved media rights in parts of
the Caribbean for the 2010 and
2014 World Cup competitions.
In the July 2011 letter, reviewed by Reuters, two Fifa officials wrote to the Caribbean
Football Union to say they had
expected Fifa to receive 50%
of all revenue from the sale of
broadcast sponsorship and TV
commercials.
“To date, Fifa has not received any payments,” wrote
Fifa’s secretary general Jerome
Valcke and its marketing director Thierry Weil.
Media contracts can be extremely lucrative for Fifa and
other sports organisations because of the enormous number of people who watch events
such as the World Cup and the
advertisements that go with
them.
It could not be determined
how much money was at stake
in this instance. Reuters was
unable to obtain a copy of the
contract.
A Fifa spokesman declined
to comment, citing ongoing investigations, but said Fifa was
continuing to cooperate with
those investigations.
Swiss authorities have said
they plan to investigate the 2005
deal, after a TV news report that
Fifa sold the media rights to the
Caribbean organisation for far
below market value.
The Swiss are already investigating how Fifa awarded the
2018 and 2022 World Cup hosting rights.
CFU general secretary Neil
Cochrane said in a statement
that the group’s current executive committee has no knowledge of contracts signed by its
previous leader, Jack Warner,
and that those contracts had
not been ratified by the group’s
governing congress. — Reuters
League campaign on Tuesday.
Karim Benzema opened the
scoring before Cristiano Ronaldo
struck his second hat-trick in as
many games to move clear of Lionel
Messi as the competition’s all-time
leading goalscorer with 80.
“Great win at home to kick off our
#UCL campaign, gutted to go off but
hopefully nothing too serious,” Bale
posted on his official Twitter account.
However, Benitez was more pessimistic over his chances of facing
Granada on Sept 19.
“Bale had a spasm in his calf muscle,” said Benitez.
“We must wait a day or two to see
how serious it is. He had a similar
issue last year.”
Bale was sidelined for nearly
three weeks with a calf problem
last season that forced him to miss
IN BRIEF
the second leg of Real’s Champions
League quarter-final against Atletico Madrid.
Should the injury be more serious, he could also miss out on
sealing Wales’ qualification for an
international tournament for the
first time since 1958 when they
travel to Bosnia and Herzegovina before hosting Andorra next
month. — AFP
Pellegrini says
City strikers must
sharpen up
MANCHESTER: Manchester City
manager Manuel Pellegrini said his
team would have to improve the
efficiency of their finishing after
a 2-1 home defeat by Juventus in
their Champions League opener.
City created more clear-cut
chances than Juventus and took a
57th-minute lead through Giorgio
Chiellini’s own goal, only for clinical late strikes by Mario Mandzukic and Alvaro Morata to earn the
visitors victory.
Raheem Sterling was twice
thwarted by Gianluigi Buffon,
while Wilfried Bony, deputising
for the injured Sergio Aguero,
struggled to make an impact, and
while Pellegrini was reluctant to
single out individuals, he admitted that squandered opportunities
had cost his team.
“I expect that when we have
chances, we must score,” said Pellegrini, whose side went into the
Group D game after five straight
wins in the Premier League.
“Because in Champions
League games, the differences
are very slight between the teams,
especially against such a strong
team as Juventus.
“If you have good chances and
you don’t score, maybe Juventus
didn’t create so many [chances],
but they had a good finish.”
Premier League 2015
Matchday 6
2016
Fixtures
League Table
Points
In the Spotlight
Jose Mourinho
The Blues boss is feeling
the heat with
champions Chelsea
17th in the league,
and having been
caught swearing at
Everton manager
Roberto Martinez
Statistic
9
Surprise package Leicester
have gone 9 Premier League
games unbeaten,
their best ever run
Match of the Week
Chelsea
Arsenal
V
ƞ"/1%"&/4,/0101/11,1%"
season since 1988,
Chelsea face an uphill slog
at home in the London derby
with in-form Arsenal
Saturday 19 September
Chelsea
Arsenal
12:45
Aston Villa
West Brom
15:00
Bournemouth
Sunderland
15:00
Newcastle
Watford
15:00
Stoke
Leicester
15:00
Swansea
Everton
15:00
Man City
West Ham
17:30
Played
1 Man City
15 5
2 Leicester
11 5
3 Man Utd
10 5
4 Arsenal
10 5
5 West Ham
9 5
6 Crystal Palace
9 5
7 Everton
8 5
8 Swansea
8 5
9 Norwich
7 5
10 Liverpool
7 5
11 Southampton
6 5
12 Tottenham
6 5
13 Watford
6 5
14 West Brom
5 5
15 Aston Villa
4 5
16 AFC Bournemouth 4 5
Sunday 20 September
Tottenham
Crystal Palace
Liverpool
Norwich
13:30
17 Chelsea
4 5
18 Stoke
2 5
19 Sunderland
2 5
20 Newcastle
2 5
16:00
Southampton
Man Utd
Last match
Won
16:00
Drawn
Lost
Champions League (C1)
C1 Qualifying stage
Europa League
Relegation zone
Buffon first denied Sterling in the
second minute and then produced
a double-save from Sterling and David Silva shortly after Chiellini’s own
goal, which was to provide a platform for Juventus’ late comeback.
But Pellegrini refused to point the
finger at Sterling, who was making
his first Champions League appearance since his £44 million (RM287.66
million) move from Liverpool.
“I don’t think this result is only
Raheem,” said the City manager.
City have failed to go beyond
the Champions League last 16
in the previous four seasons and
their home form has been an integral factor, with their last 15 home
games in the competition yielding
just five wins. — AFP
S Korea approves KFA chief’s trip to North
SEOUL: South Korea yesterday
gave the green light for its football chief to visit North Korea this
week, despite a rise in tensions over
Pyongyang’s missile and nuclear
programmes.
The unification ministry said
Chung Mong-Gyu, president of the
Korea Football Association, and four
other association officials would be
allowed to make a four-day visit to
Pyongyang starting tomorrow.
The ministry, which handles relations with the North, must by law
approve all cross-border trips.
Chung is scheduled to attend a
meeting of the East Asian Football
Federation executive committee in
BERLIN: Wolfsburg returned
to the Champions League after a six-year absence with a
win over CSKA Moscow on
Tuesday, but sporting director Klaus Allofs was left fuming as many fans stayed away.
Germany international Julian
Draxler’s first-half goal, his first
for the club since moving from
Schalke, sealed a 1-0 victory
over the Russian side, but just
20,126 spectators turned up
at the Volkswagen Arena. Capacity for European matches
is 26,500 and the gate figure
was boosted because Wolfsburg had invited 1,200 refugees to watch the match for
free. “I didn’t hear the Champions League anthem before
the game, because I was busy
looking where our fans were,”
fumed Allofs. — AFP
Coutinho calls for calm
ahead of Bordeaux clash
After their home defeat in Champions League opener
BY TOM W ILL I AM S
‘Where are the fans?’
fumes Wolfsburg chief
Pyongyang on Sept 19, it said.
He also plans to hold talks with
North Korean officials on possible
inter-Korean football friendlies, a
government official told AFP on
condition of anonymity.
The two nations, which remain
technically at war, played their last
friendly in 2005. — AFP
LIVERPOOL: Liverpool attacking
midfielder Philippe Coutinho
has called for calm ahead of his
club’s visit to France to take on
Bordeaux in the Europa League
today after suffering back-toback defeats in the Premier
League. The Brazilian was shown
a red card during Liverpool’s 3-0
defeat by West Ham United on
Aug 29 and missed the 3-1 loss to
Manchester United at Old Trafford, a result that sent the Merseyside club plunging down to
10th place in the league table.
“It is vital to stay calm, mainly
because we are just at the beginning in all competitions,” Coutinho told the club’s website www.
liverpoolfc.com. — Reuters
Big season for Lamela, says
Tottenham’s Pochettino
LONDON: Tottenham Hotspur’s
record signing Erik Lamela
needs to prove his worth this
season, according to compatriot and manager Mauricio
Pochettino. Spurs secured the
Argentine midfielder’s services from Italian side Roma for
a reported £26 million in 2013,
but the 23-year-old has struggled to perform consistently
over the past two seasons. He
has started just one game for
Spurs in the Premier League
this campaign — the 1-1 draw
with Leicester City — and was
linked with a loan move to Ligue
1 side Olympique de Marseille
during the summer. — Reuters
United’s Shaw has
surgery on broken leg
MANCHESTER: Surgeons yesterday operated on Manchester
United defender Luke Shaw after he suffered a horrific double
leg fracture in a Champions
League game against Dutch
side PSV Eindhoven, the English club said. The 20-year-old
spent the night in an Eindhoven
hospital after being taken there
during Tuesday night’s 2-1 defeat by PSV. United said in a
statement that the England defender would stay in the Dutch
hospital “to continue his early
recovery”. — AFP
30
life+style
T HU
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
L
FO
Lan
we
res
Oe
new
cui
Bri
ry F
sky
nam
Fre
exp
flo
gen
A street parade in full swing during
last year’s Oktoberfest celebrations
in Munich. Photo by Reuters
Celebrating
ate
sur
tal
the
wid
pri
clo
OKTOBERFEST
Insights into the origin of
Oktoberfest and how to
join in the celebrations
in Malaysia
BY SU ANN QUAH
I
t all began two centuries ago, when Crown
Prince Ludwig (who later ascended the
throne as King Ludwig I) married Princess
Therese of Saxe-Hildburghausen on Oct 12,
1810. The wedding was attended by the citizens of Munich, held on the fields in front of
the city gates; and horse races were held in honour
of the couple. The horse races were such a huge
success that a decision was made to repeat them
the next year, and this subsequently gave rise to
the tradition of the Oktoberfest.
Fast forward to today, and the festival has become the world’s largest Volksfest (beer festival
and travelling fun-fair). This important part of Bavarian culture has evolved to become a 16-day folk
festival running from late September to October.
Traditionally, Oktoberfest is celebrated in Wiesn,
located near the centre of Munich.
Here, copious amounts of specially made Oktoberfest Beer supplied by just six German breweries
located within the city of Munich—Spaten, Loewenbraeu, Augustiner-Braeu, Hofbraeu-Muenchen,
Paulaner and Hacker-Pschorr—is consumed.
Only beer conforming to the Reinheitsgebot, a
set of laws created in 1516 Bavaria pertaining
to the brewing of Oktoberfest beer, is allowed
to be served. The Reinheitsgebot requires that
the only ingredients that can be used in the
production of beer are water, barley and hops.
In addition to beer, visitors also participate in a
variety of attractions such as amusement rides and
games, dine on traditional foods such as steckerlfisch, wuersti, knoedel and sauerkraut. Each year,
the Oktoberfest festival sees millions of visitors
flocking to Munich from around the world, while
other cities in Germany also play host to millions
of others.
The Germans take this festival very seriously, and
the carnival rides are widely known to be some of
the safest anywhere. A true nod to German engineering and focus on safety, all the rides are tested
extensively in advance. Safety is paramount, and
police presence can be seen throughout the city
to minimise thefts, fights and sexual assault cases.
Although the Oktoberfest has earned a reputation of being a drunken festival where pretty ladies
serve beer to beer lovers gorging themselves without
fear of being judged, locals take much pride in their
traditional festival. After all, it’s a distinctive part of
Bavarian culture, and has been so for generations.
Throughout the rest of the world, many German
bars and restaurants pay tribute to the much-loved
festival by hosting parties and carnivals, albeit
on a much smaller scale. Oktoberfest this year
runs from Sept 19 till Oct 4, and there are several
places in Kuala Lumpur where we can all join in
the celebrations.
MGCC Oktoberfest
The Malaysian-German Chamber of Commerce
and Industry is back again with the ever-popular
MGCC Oktoberfest, under the patronage of the
German ambassador to Malaysia. The event was
first established in 2010, and has since become one
of MGCC’s most highly anticipated annual events,
bringing a piece of Bavarian culture to Malaysia.
This year, the band Die Dorf Fest Kapelle will be
gracing the stage, and myPretzel will be delighting
your tastebuds with authentic German Oktoberfest pretzels. The MGCC Oktoberfest will be held
at 7pm on Sept 29 and 30, at Ciao Ristorante, 20A
Jalan Kampung Pandan, off Jalan Tun Razak, Kuala
Lumpur. Reserve a table for 10 now at RM3,100 (for
both days) which includes an authentic German
buffet with pork knuckles, one litre of Erdinger
beer and one Erdinger Oktoberfest mug, free flow
of soft drinks and mineral water, and Oktoberfest
entertainment with music and games. For enquiries or reservations, email mageswary.salvarajoo@
malaysia.ahk.de or call (03) 9235 1812.
Brotzeit German Bier Bar & Restaurant
There can be no better way to celebrate Oktoberfest than to pay a visit to an actual German Bar.
This year’s brew on tap at Brotzeit is Paulaner and
Hacker Pschorr, two out of the six official Oktoberfest
brews. Brotzeit’s native Bavarian chef, Helmut, will
be whipping up four-person Oktoberfest platters
(RM208++) featuring roasted pork, pork knuckles
and gypsy bacon served with sauerkraut and potato
salad. In addition, patrons who spend a minimum
of RM150 in a single receipt at any Brotzeit outlet
in Malaysia will stand a chance to win a trip for two
to visit Munich for this year’s festivities.
Brotzeit’s grand Oktoberfest celebration on the
other hand, will take place on Nov 9 and 10 at their
Mid Valley Megamall outlet. Celebrate the festival
with sumptuous Bavarian specialties and the annually brewed Oktoberfestbier. Live performances by
Paulaner Musikanten from Munich will add to the
merriment. Limited seats are available, and platters
for four to five persons are priced at RM230 each.
For reservations or enquiries, call (03) 2287
5516 or visit www.brotzeit.my. Brotzeit outlets are
located at Bangsar Shopping Centre, Mid Valley
Megamall and Sunway Pyramid.
P
A
C
W
A I LY
life+style 31
THU RSDAY S E P T E MB ER 17, 2015 • D IG ITA LED G E DA ILY
DINING
BY ANANDHI GOP INATH
London’s new culinary gem
FOLLOWING an extensive 18-month renovation, The
Lanesborough hotel in London opened its doors and
welcomes a new culinary era with a fabulous new
restaurant: Céleste. The latest masterpiece hotel of
Oetker Collection, The Lanesborough’s sparkling
new gastronomical gem will serve French-inspired
cuisine that is modern, imaginative and uses the best
British ingredients.
The word Céleste derives from the late 19th-century French word meaning “heavenly”. Pertaining to the
sky framed by the restaurant’s glass domed roof, the
name also acknowledges the Gallic influence of the
French chefs and alludes to a celestial gastronomic
experience. The conservatory roof allows daylight to
flood in for a naturally lit lunch. Also enjoy an indulgent dinner experience.
Within Céleste, 250 different mouldings were created to achieve the historic scene in bas-relief that
surrounds the frise under the sky dome. English crystal chandeliers illuminate the delicate detailing, with
the largest weighing 200kg and stretching two metres
wide. The restaurant has 110 covers and includes a
private dining room that seats up to 14, which can be
closed or open to the main room, and two wine-tast-
ing rooms offering an impressive selection of wines.
The cuisine at this stunning new restaurant draws
on traditional French savoir faire while championing
the authenticity of the finest British organic produce.
Speaking on the philosophy behind the cuisine, Oetker’s chef patron Eric Frechon says: “The menu takes
inspiration from London as a global capital for cuisine, with flavours including herbs and spices. We
work closely with local suppliers to use the best ingredients the country has to offer and prepare them
using classic French techniques.”
Signature dishes, which bear the handprint of the
hotel’s executive chef Florian Favario, include heritage tomatoes with tomato sorbet, home county lamb
with courgette couscous and homemade harissa,
and handcrafted sugar strawberry, mara des bois
Chantilly and sorbet. Céleste serves breakfast, lunch,
afternoon tea and dinner.
The Lanesborough is located along Hyde Park Corner, London. For more information or to make reservations, call (+4420) 7259 5599 or email info@
lanesborough.com.
PICK OF THE DAY
MELIUM Membership cardholders, get ready to shop
at the M Luxe Pop Up store! From now till Sept 27, cardholders have the chance to purchase any one item at
50% discount at the M Luxe store — pick from brands
like Roland Mouret, Victoria Beckham, Mary Katrantzou,
MSGM, Just Cavalli and Sam Edelman. The pop-up store
will have a wide choice of ready-to-wear clothes, accessories and shoes that are specially curated for Melium
Membership cardholders. The M Luxe Pop Up store is
located at Lot 2.32.00, Level 2, Pavilion KL, Jalan Bukit
Bintang, Kuala Lumpur.
Personal
ASSISTANT
CO MPI L ED BY HA NNAH M ER ICAN
WORK. LIFE. BALANCE
RELAX after work with Ever After Happy
Hour at Quivo. Every day from 4pm to 8pm,
you have the chance to recharge with a cold
one — for cocktails it is two for the price of
one, if its wine you are after, choose from
Willowglen’s Chardonnay or Shiraz Cabernet,
while for beer there is a choice of Carlsberg
or Hoegaarden. You can also order nibbles
such as wagyu beef burger and lamb loin
patty. Quivo is located at Level 3, Pavilion
KL, Jalan Bukit Bintang, Kuala Lumpur. For
more information, email info@quivo.my.
HEAD to KLPac to catch the Short+Sweet Malaysia 2015 festival, a platform for emerging
talent in the performing arts. The festival
is now in its eighth year in Malaysia and
features original content that is under 10
minutes long. This week’s festival line-up is
Short+Sweet Choral and Short+Sweet Classic, which feature choir and classical music.
Short+Sweet Malaysia 2015 will be on until
the end of October. Tickets are priced at RM25
and RM35. The festival is held at Pentas 2,
KLPac, Jalan Strachan, Kuala Lumpur. To
buy tickets, call (03) 4047 9000.
TAKE a look at the exhibition entitled Restu Guardian Spirits, which is part of DiverseCity
2015. This art exhibition pays tribute to the
late Pak Mie, who helped provide shelter
for over 700 stray dogs and cats. It features
paintings, drawings and sculptures by local
and international artists in memory of Pak
Mie’s work and dedication. The exhibition is
also a fundraising effort for Restu, the animal shelter that Pak Mie’s wife Mak Intan
still runs in Kedah. The exhibition runs until
Sept 24 and is held at Level 1, DBKL, Jalan
Raja Laut, Kuala Lumpur. For more information, visit www.diversecity.my.
32
life+style
A TASTE OF SPACE-AGED
WHISKY
A
fter spending nearly three
years in space and orbiting
the Earth 15 times a day, a
Scottish whisky has returned
to terra firma taking on the
aromas of smoked fish and
beef, with a flavour profile of smoked bacon,
antiseptic lozenges and rubbery smoke.
These are among a slew of adjectives used
to describe samples of Ardbeg Islay Single Malt
Scotch Whisky which were sent into space in
2011 as part of an experiment aimed at observing how terpenes, the building blocks of
flavour for whisky spirits, foods and wines,
behaved in a zero-gravity environment.
In total, the samples spent 917 days aboard
the International Space Station (ISS), where
they were left to mature with oak wood shavings
taken from a former bourbon barrel. Researchers from the Texas-based group NanoRacks,
which conducts research programmes on the
ISS, also kept control samples back on earth.
About a year after the space samples
touched down in Kazakhstan, Ardbeg released the results of the experiment in a white
paper, concluding that zero gravity will indeed change the aromas and flavour profile
compared to whiskies aged back on Earth.
Here’s a side-by-side comparison of both
sets of samples:
CONTROL SAMPLE
Aroma: Very woody, hints of cedar wood, sweet
smoke and aged balsamic vinegar. Hints of
raisins, treacle toffee, vanilla and burnt oranges. Very reminiscent of an aged Ardbeg style.
Taste: Dry palate, woody/balsamic flavours,
sweet smoke and clove oil. A distant fruitiness (prunes/dates), some charcoal and
antiseptic notes. The aftertaste is long, lingering and typically Ardbeg, with flavours
of gentle smoke, briar wood, tar and some
sweet, creamy fudge.
ISS SAMPLE
Aroma: Intense and rounded, with notes of
antiseptic smoke, rubber, smoked fish and a
Zen TODAY
curious, perfumed note, like cassis or violet.
Powerful woody notes, hints of graphite and
some vanilla. This then leads into very earthy/
soil notes, a savoury, beefy aroma, and then
hints of rum and raisin flavoured ice cream.
Taste: A very focused flavour profile, with
smoked fruits (prunes, raisins, sugared plums
and cherries), earthy peat smoke, peppermint,
aniseed, cinnamon and smoked bacon or hickory-smoked ham. The aftertaste is pungent,
intense and long, with hints of wood, antiseptic lozenges and rubbery smoke.
We all live inside
bodies that will
deteriorate.
But when you
look at human
beings, they’re
capable of very
decent things:
love, loyalty.
When time is
running out, they
don’t care about
possessions or
status. They want
to put things right
if they’ve done
wrong. —
Kazuo Ishiguro
Meanwhile, Japanese drinks giant Suntory also sent a bottle of
whisky to the ISS this summer, with
the similar goal of observing how a
constant temperature and limited
movement could affect flavour.
Experiments such as these are
part of a growing field in the space
industry looking at how microgravity can alter foods, flavours
and aromas. Roses, for instance,
have also been observed to
take on different perfumes
when sent to space.
The next stage for
Ardbeg is to see how
the new space-age flavours can be introduced
into their whiskies. The
Scottish distillery has
also launched a world
tour that showcases the
space-aged whisky vials
in a gravity-free “space
pod”which visitors can
observe through a glass
window.
The Ardbeg Space
Tracker is currently in Taipei, Taiwan, and you call
follow the tour at www.
ardbeg.com/ardbeg/
ardbeg-space-tracker.
— AFP Relaxnews
4.98
128.98
Markets 3 3
BURSA MAL AYSIA MAIN MARKET
Bursa Malaysia
YEAR
HIGH
Sectorial Movement
INDICES
CLOSE
+/-
%CHG
INDICES
CLOSE
0.46
TECHNOLOGY
3,153.74
8.97
0.29
FTSE BURSA 100
11,043.03
63.35
566.45
-0.45
-0.08
FTSE BURSA MID 70
12,204.97
118.17
0.98
INDUSTRIAL PRODUCT
133.81
0.09
0.07
FTSE BURSA SMALL CAP
14,552.52
46.84
0.32
CONSTRUCTION
266.65
6.38
2.45
FTSE BURSA FLEDGLING
14,440.61
-4.67
-0.03
TRADE & SERVICES
218.63
1.36
0.63
FTSE BURSA EMAS
11,311.83
62.99
0.56
14,310.03
70.70
0.50
FTSE BUR M’SIA ACE
5,405.27
-21.89
-0.40
0.61
1,647.15
KLSE INDUSTRIAL
KLSE FINANCIAL
7.52
0.03
%CHG
CONSUMER PRODUCT
KLSE COMPOSITE
20.84
+/-
0.14
0.58
KLSE PROPERTY
1,147.67
7.40
0.65
FTSE BUR EMAS SHARIAH
11,901.74
72.72
KLSE PLANTATION
7,106.69
44.62
0.63
FTSE BUR HIJRAH SHARIAH
13,686.15
88.57
0.65
498.50
12.16
2.50
FTSE/ASEAN 40
8,331.53
-26.62
-0.32
KLSE MINING
Bursa Malaysia Main Market
YEAR
HIGH
YEAR
LOW
DAY
HIGH
CONSUMER PRODUCTS
0.745 0.550 0.620
4.334 2.995
—
6.590 4.930 6.200
0.600 0.220
—
5.014 4.050 4.920
3.700 1.400 1.460
4.390 3.080
—
71.775 56.740 63.500
0.150 0.045 0.065
0.220 0.015
—
1.221 0.680 0.705
1.280 0.708 1.000
0.595 0.340 0.500
0.445 0.230 0.330
13.801 9.874 11.700
0.975 0.720 0.750
2.970 1.708 2.770
0.570 0.400 0.550
3.110 0.980 1.760
0.120 0.050
—
2.630 1.263 2.540
1.360 1.056 1.220
0.130 0.065 0.120
0.080 0.040 0.050
1.111 0.757
—
48.000 39.447 47.020
0.185 0.065 0.075
0.170 0.085 0.145
0.285 0.165 0.180
0.295 0.170 0.230
2.266 1.750
—
0.277 0.167 0.210
1.000 0.620
—
18.891 14.956 18.300
0.830 0.475 0.510
1.714 0.934
—
0.580 0.300
—
0.962 0.595 0.680
14.980 11.750 13.500
1.220 0.720 0.830
2.822 2.070 2.240
1.130 0.930
—
0.175 0.040
—
7.099 3.717 5.220
1.180 0.415 0.985
0.552 0.304 0.435
3.500 2.650 3.050
1.377 0.724 1.240
0.590 0.340 0.380
3.161 1.341 1.880
1.070 0.596 0.875
1.170 0.385 0.675
3.680 1.766 3.180
2.830 1.284 2.410
0.545 0.095
—
0.935 0.450 0.705
2.744 1.800
—
1.500 0.920
—
0.155 0.075
—
7.500 3.014 7.370
3.900 2.247 3.710
0.290 0.130 0.150
0.405 0.150 0.285
7.100 2.210 7.100
0.925 0.550 0.755
2.388 1.187 1.420
4.800 2.364 4.650
0.255 0.080 0.100
1.888 1.160 1.250
1.330 0.860 0.900
1.417 1.046
—
5.357 4.620
—
0.250 0.065 0.080
1.595 1.100
—
73.817 63.743 72.020
2.735 2.201 2.250
0.245 0.080 0.090
0.445 0.212 0.260
0.810 0.592 0.765
1.611 0.586 1.530
7.863 6.355
—
1.777 1.252 1.390
22.219 16.951 20.500
0.747 0.577
—
0.375 0.200
—
0.630 0.275 0.340
1.350 0.755 0.850
0.375 0.165 0.190
0.595 0.352 0.455
3.050 1.085 3.050
15.974 13.212 15.460
0.622 0.463 0.490
2.730 0.929 2.340
1.560 0.990 1.160
2.476 1.258 2.200
4.255 3.031 4.200
1.710 1.000
—
2.800 1.295 2.600
0.585 0.365 0.465
0.700 0.340
—
0.700 0.320 0.625
1.660 0.685 1.500
3.270 1.465 2.080
0.085 0.040 0.050
2.236 1.710 1.940
0.864 0.730 0.810
0.659 0.365 0.440
0.680 0.280
—
0.740 0.435 0.500
4.546 2.262 2.570
0.701 0.355 0.480
2.220 1.060 1.300
1.625 1.250
—
0.628 0.445
—
0.625 0.350 0.520
12.027 7.700 8.060
1.796 1.337 1.670
0.588 0.408
—
0.195 0.084 0.140
0.670 0.220 0.475
0.690 0.327 0.495
2.214 1.220 1.600
0.365 0.190
—
1.170 0.766 0.845
3.490 1.165 2.540
2.405 1.390 1.550
INDUSTRIAL PRODUCTS
1.260 0.717 0.995
0.210 0.110 0.130
0.640 0.324 0.520
0.650 0.240
—
1.070 0.760
—
2.520 1.772
—
* Volume Weighted Average Price
DAY
LOW
0.610
—
6.180
—
4.880
1.460
—
62.320
0.060
—
0.690
0.970
0.500
0.300
11.600
0.750
2.720
0.540
1.750
—
2.510
1.200
0.110
0.045
—
47.000
0.075
0.135
0.180
0.230
—
0.205
—
18.300
0.495
—
—
0.660
13.260
0.830
2.220
—
—
5.150
0.950
0.425
3.030
1.180
0.380
1.850
0.855
0.645
3.100
2.380
—
0.685
—
—
—
7.150
3.650
0.140
0.260
6.700
0.740
1.400
4.450
0.095
1.230
0.900
—
—
0.080
—
71.500
2.250
0.090
0.245
0.730
1.500
—
1.370
20.420
—
—
0.340
0.825
0.185
0.450
2.950
15.360
0.490
2.260
1.150
2.170
4.080
—
2.520
0.445
—
0.625
1.480
2.030
0.045
1.910
0.775
0.425
—
0.495
2.450
0.470
1.270
—
—
0.510
7.910
1.590
—
0.130
0.445
0.475
1.570
—
0.815
2.460
1.510
0.940
0.130
0.515
—
—
—
CODE
7120
7090
2658
7051
6432
7722
7129
4162
7243
7193
9288
7174
7154
7128
2836
7035
7148
9423
2828
5188
7205
7202
5214
7179
7119
3026
7198
7182
5091
9091
7149
7208
7094
3689
9776
2755
8605
9172
3255
5102
5606
5606PA
5187
3301
5160
7213
7141
5024
8478
5107
7152
8931
5247
7216
8303
6203
7062
0002
5172
7006
9385
7943
8079
7089
7126
7085
7087
5189
3662
7935
5886
5202
5150
3921
4707
7060
7139
7215
5066
7107
4006
7052
3719
5022
9407
6068
5231
4081
5080
7088
4065
7190
8966
7134
7237
7084
9946
5252
5157
7180
7165
7412
7246
8532
7103
7186
7082
7211
7071
4405
7200
7252
9369
7230
7176
4588
7757
7203
5156
7121
5155
5584
7184
5159
7178
5131
0012
7086
7061
7131
7191
9148
COUNTER
ACOSTEC
AHEALTH
AJI
AMTEK
APOLLO
ASIABRN
ASIAFLE
BAT
BIOOSMO
BIOSIS
BONIA
CAB
CAELY
CAMRES
CARLSBG
CCK
CCMDBIO
CHEEWAH
CIHLDG
CNOUHUA
COCOLND
CSCENIC
CSL
DBE
DEGEM
DLADY
DPS
EKA
EKOWOOD
EMICO
ENGKAH
EURO
EUROSP
F&N
FARMBES
FCW
FFHB
FPI
GAB
GCB
GOLDIS
GOLDIS-PA
HBGLOB
HLIND
HOMERIZ
HOVID
HUATLAI
HUPSENG
HWATAI
IQGROUP
JAYCORP
JERASIA
KAREX
KAWAN
KFM
KHEESAN
KHIND
KOTRA
KSTAR
LATITUD
LAYHONG
LCHEONG
LEESK
LIIHEN
LONBISC
LTKM
MAGNI
MAXWELL
MFLOUR
MILUX
MINTYE
MSM
MSPORTS
MWE
NESTLE
NHFATT
NICE
NIHSIN
NTPM
OFI
ORIENT
PADINI
PANAMY
PAOS
PARAGON
PCCS
PELIKAN
PMCORP
POHKONG
POHUAT
PPB
PPG
PRLEXUS
PW
PWROOT
QL
REX
SASBADI
SAUDEE
SERNKOU
SGB
SHH
SIGN
SINOTOP
SPRITZER
SWSCAP
SYF
TAFI
TAKASO
TCHONG
TEKSENG
TEOSENG
TGL
TOMEI
TPC
UMW
UPA
WANGZNG
XDL
XIANLNG
XINQUAN
YEELEE
YEN
YOCB
YSPSAH
ZHULIAN
3A
ABLEGRP
ABRIC
ACME
ADVENTA
ADVPKG
CLOSING
(RM)
0.620
3.850
6.200
0.220
4.920
1.460
3.410
62.380
0.065
0.020
0.695
0.980
0.500
0.330
11.600
0.750
2.720
0.540
1.750
0.060
2.520
1.220
0.115
0.050
0.880
47.020
0.075
0.145
0.180
0.230
1.990
0.205
0.705
18.300
0.510
1.060
0.440
0.660
13.320
0.830
2.220
0.990
0.070
5.190
0.950
0.425
3.050
1.180
0.380
1.860
0.875
0.660
3.100
2.400
0.110
0.700
2.000
1.010
0.080
7.300
3.710
0.150
0.270
6.960
0.740
1.420
4.450
0.095
1.250
0.900
1.250
4.940
0.080
1.180
72.020
2.250
0.090
0.245
0.760
1.500
7.000
1.390
20.420
0.670
0.200
0.340
0.850
0.185
0.450
2.950
15.460
0.490
2.300
1.150
2.180
4.200
1.500
2.520
0.460
0.605
0.625
1.490
2.070
0.045
1.940
0.775
0.425
0.350
0.495
2.550
0.475
1.270
1.250
0.540
0.520
7.910
1.670
0.470
0.135
0.475
0.475
1.570
0.200
0.815
2.540
1.510
0.980
0.130
0.520
0.300
0.925
2.000
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.010
10
—
—
0.090
4.3
—
—
-0.020
5
0.060
1
—
—
-0.560
357.3
0.005 1086.6
—
—
UNCH
301.7
-0.010
69.6
0.015
0.2
0.010
20.5
UNCH
117.9
-0.010
3.2
-0.060
47.4
UNCH
21.7
UNCH
11
—
—
-0.050
38.8
0.020
185.4
UNCH 21111.7
UNCH
106
—
—
0.020
5.5
UNCH
10
0.005
301.1
UNCH
6.3
-0.005
315
—
—
UNCH
231.5
—
—
UNCH
529.8
-0.025
20
—
—
—
—
-0.020
6
-0.040
24.6
0.015
0.1
-0.020
13.8
—
—
—
—
0.020
113.3
-0.030 1762.4
-0.010 1349.5
-0.050
15
-0.040
358.2
0.020
1
-0.040
46.1
-0.005
178.3
-0.015
69.3
-0.070 2071.1
-0.020
197.1
—
—
-0.005
135.3
—
—
—
—
—
—
0.030
23.7
UNCH
62
-0.010
64.5
-0.010
2641
-0.080
158
-0.030
17
0.010
43.1
-0.160
323.7
-0.005
62
0.030
94.3
UNCH
2
—
—
—
—
-0.005
1113
—
—
0.480
1.2
-0.120
5
UNCH
70
-0.010
604
0.010
532.3
-0.020
68.1
—
—
0.020
271.9
-0.080
4.4
—
—
—
—
-0.070
2
0.020
79
UNCH
112
UNCH
55
0.050 1175.1
0.100
371.3
-0.015
75
-0.050
39.1
0.030
15
-0.020
79.8
0.040 1043.9
—
—
-0.130
51
UNCH
191.7
—
—
-0.015
10
UNCH
143.8
-0.010
551.1
-0.005
21.1
0.050
123.1
0.005
20.1
-0.010 2171.3
—
—
UNCH
15
0.010
17.6
UNCH
285
-0.020
600.1
—
—
—
—
0.060
10
0.010 5095.5
0.090
18
—
—
-0.010 7904.7
-0.015
15
-0.020
53
UNCH
27.3
—
—
-0.025 1007.3
-0.010
131.6
-0.040
29.6
0.560
—
4.604
—
5.640
4.033
—
62.855
0.176
—
3.399
0.575
0.433
0.000
12.303
0.000
2.599
0.000
0.000
—
2.192
1.110
0.199
0.070
—
48.592
0.095
0.000
0.245
1.000
—
0.340
—
18.260
0.584
—
—
0.750
16.231
1.388
1.980
—
—
5.229
0.567
0.340
0.000
6.066
0.390
0.544
0.585
0.000
3.250
1.280
—
0.503
—
—
—
1.553
0.000
0.000
0.000
1.650
0.696
2.636
2.282
0.292
1.465
0.000
—
—
0.174
—
68.567
2.915
0.135
0.156
0.704
2.311
—
1.769
22.684
—
—
0.470
0.606
0.258
0.464
0.837
14.816
0.570
1.000
0.711
1.828
4.165
—
0.000
0.229
—
0.000
0.000
1.371
0.066
1.802
0.256
0.000
—
0.268
6.522
0.000
0.600
—
—
0.369
12.391
1.330
—
0.329
0.230
0.830
1.310
—
0.871
1.336
4.939
326.32
14.11
11.85
—
12.80
—
11.78
20.08
—
—
12.09
9.66
13.16
9.43
17.90
13.11
14.09
16.82
23.15
—
14.59
14.99
—
—
7.10
23.46
21.43
—
—
5.13
29.66
52.56
—
23.43
—
107.07
17.96
41.25
18.79
—
10.71
—
—
9.24
12.89
15.34
7.10
20.24
—
8.04
15.16
5.45
32.43
18.60
—
12.30
9.14
126.25
—
8.90
9.53
—
9.68
11.30
8.60
6.04
8.37
2.77
13.69
—
22.94
12.10
3.24
18.58
30.15
12.49
12.50
58.33
17.39
3.69
13.37
11.41
11.52
46.53
—
—
—
48.68
8.41
11.39
17.94
12.96
11.51
7.45
13.77
27.43
555.56
22.16
—
27.25
—
11.31
6.86
75.00
11.73
—
11.46
50.00
—
32.57
16.27
7.62
11.16
—
8.57
18.19
8.26
8.77
10.15
47.50
1.04
12.28
—
6.99
14.79
15.33
—
2.86
3.23
—
5.08
0.34
4.40
5.00
—
—
1.80
—
2.00
—
6.12
2.67
5.42
—
—
—
1.98
6.56
—
—
1.70
2.13
—
—
—
—
3.27
—
—
3.01
—
4.72
—
4.55
4.84
—
0.90
—
—
5.59
4.45
2.35
—
2.97
—
4.30
4.00
—
—
0.83
—
—
5.00
—
—
—
—
—
—
2.95
—
4.11
1.80
—
4.40
—
2.40
4.86
—
1.13
3.33
4.44
—
2.04
0.96
9.33
1.71
7.19
2.45
3.73
—
—
—
—
2.22
3.73
1.55
4.08
1.20
6.96
3.21
1.01
—
1.19
—
—
—
1.34
1.93
—
2.06
1.29
—
—
—
1.96
2.11
2.62
6.00
1.85
—
5.18
4.79
5.32
—
—
4.21
1.91
—
4.91
2.56
4.64
110.2
451.0
377.0
11.0
393.6
115.5
650.5
17,811.4
32.4
2.1
560.4
147.6
40.0
64.0
3,573.7
118.3
758.8
22.7
283.5
40.1
432.4
147.0
142.9
33.7
117.9
3,009.3
44.1
45.2
30.2
22.1
140.8
49.8
31.3
6,709.4
31.2
265.0
36.4
163.3
4,023.9
397.2
1,355.3
451.2
32.8
1,701.8
285.0
334.7
264.1
944.0
28.4
163.3
120.1
54.2
2,071.6
488.7
7.5
62.3
80.1
133.6
21.3
709.6
190.8
9.9
45.3
417.6
138.0
184.7
482.8
38.0
672.8
49.0
76.0
3,472.7
41.4
273.2
16,888.7
169.1
25.1
58.0
853.6
360.0
4,342.8
914.5
1,240.4
80.9
14.0
20.4
470.3
143.1
184.7
334.5
18,327.8
49.0
266.5
86.9
662.2
5,241.7
92.5
320.0
41.4
72.6
65.3
74.5
248.4
88.9
275.7
98.0
259.8
28.0
101.7
1,713.6
119.0
381.0
50.9
74.8
41.6
9,241.2
132.9
75.2
181.9
34.5
160.6
287.2
25.0
130.4
341.7
694.6
0.893
0.142
0.280
—
—
—
19.37
76.47
—
9.38
33.76
14.43
1.43
—
—
—
—
5.00
385.7
34.3
73.1
65.5
141.3
41.0
0.040
0.005
UNCH
—
—
—
1428.4
148
18
—
—
—
# PE is calculated based on latest 12 months reported Earnings Per Share
YEAR
LOW
DAY
HIGH
DAY
LOW
0.231 0.115 0.120
0.120
0.560 0.325 0.370
0.350
0.400 0.265 0.280
0.280
2.820 1.928
—
—
1.120 0.200
—
—
0.839 0.572 0.695
0.670
0.616 0.335 0.360
0.355
1.356 0.710
—
—
1.300 0.942
—
—
5.743 3.924 4.010
4.010
0.716 0.400
—
—
0.880 0.560 0.620
0.620
0.215 0.100 0.125
0.125
0.945 0.480
—
—
2.600 1.600 2.070
1.980
0.935 0.285 0.360
0.330
0.150 0.090
—
—
1.758 0.980 1.110
1.110
2.500 2.000
—
—
1.140 0.673 1.100
1.080
0.670 0.320 0.380
0.380
0.315 0.175
—
—
0.455 0.115 0.285
0.265
2.893 1.902 2.420
2.400
0.286 0.109 0.140
0.125
2.419 1.630 1.800
1.760
1.109 0.823 0.935
0.900
1.544 1.004 1.330
1.300
1.860 1.410
—
—
1.600 1.140 1.300
1.300
1.740 1.300 1.400
1.400
1.774 1.400
—
—
1.230 0.836
—
—
0.110 0.055 0.070
0.070
6.000 3.256 5.250
4.920
1.290 0.200 0.260
0.260
4.884 1.593 1.920
1.880
0.405 0.150 0.250
0.240
0.945 0.600 0.705
0.680
1.136 0.880 0.950
0.940
0.790 0.491 0.730
0.720
0.440 0.275
—
—
4.551 3.962 4.200
4.060
0.475 0.180 0.300
0.280
0.575 0.265 0.450
0.420
0.405 0.250
—
—
0.430 0.340
—
—
0.920 0.660 0.760
0.740
1.562 0.929 1.220
1.170
2.181 1.164 1.350
1.300
0.450 0.220 0.320
0.315
0.880 0.455 0.640
0.610
1.610 1.000 1.130
1.100
0.340 0.190 0.210
0.190
0.932 0.600 0.680
0.640
2.070 0.475 1.950
1.870
1.083 0.427 0.740
0.700
1.373 0.945 0.965
0.960
3.245 2.189 2.390
2.390
0.605 0.355
—
—
3.004 2.090 2.390
2.370
1.770 0.976 1.700
1.630
2.239 1.243 1.410
1.410
1.070 0.455 1.010
0.960
0.110 0.040 0.045
0.040
0.655 0.205 0.260
0.260
0.135 0.064 0.090
0.085
0.725 0.285
—
—
0.475 0.180 0.205
0.200
0.145 0.070 0.080
0.080
1.330 0.883 0.965
0.955
0.905 0.320 0.710
0.575
4.503 3.226 4.500
4.330
0.265 0.165 0.185
0.180
3.600 2.650
—
—
1.220 0.356 1.190
1.130
0.955 0.625 0.840
0.820
0.812 0.230 0.285
0.265
1.540 0.620 0.720
0.690
1.360 0.755
—
—
1.040 0.530 0.665
0.660
0.440 0.310
—
—
0.155 0.050 0.060
0.060
5.307 2.986 3.230
3.190
0.205 0.065 0.075
0.070
0.970 0.760
—
—
1.950 1.170 1.600
1.550
0.530 0.250 0.275
0.270
0.139 0.045 0.060
0.055
0.265 0.135 0.145
0.145
0.460 0.150
—
—
1.280 0.920
—
—
1.606 1.210 1.550
1.520
2.177 1.060 1.250
1.200
0.340 0.145 0.175
0.170
0.504 0.360
—
—
0.710 0.430 0.500
0.480
3.220 2.730 3.070
3.060
2.260 1.031 1.870
1.820
0.270 0.110 0.135
0.135
2.329 1.174 1.550
1.490
0.917 0.379 0.515
0.500
1.260 0.902 1.060
1.050
0.660 0.355 0.410
0.410
7.500 4.142 7.370
6.980
0.600 0.250
—
—
6.256 4.320 4.850
4.660
0.779 0.330
—
—
0.850 0.420 0.500
0.500
10.707 8.380 9.300
9.160
0.817 0.400 0.495
0.480
0.699 0.213 0.630
0.610
0.620 0.420 0.450
0.435
0.225 0.110 0.150
0.130
0.080 0.030 0.040
0.035
0.139 0.070 0.075
0.075
0.665 0.220 0.295
0.280
0.340 0.180 0.180
0.180
0.125 0.065 0.080
0.075
4.250 2.648 3.600
3.600
1.075 0.330 0.400
0.370
0.884 0.510
—
—
0.480 0.320
—
—
0.900 0.660
—
—
0.480 0.190 0.220
0.205
1.040 0.515 0.560
0.560
1.470 1.091
—
—
1.060 0.105
—
—
2.100 1.640
—
—
1.220 0.355 0.940
0.895
0.175 0.060 0.070
0.065
1.920 0.700 1.100
1.050
0.700 0.300
—
—
3.330 2.090
—
—
2.354 1.040 1.200
1.170
1.626 0.855 0.950
0.905
0.450 0.210 0.230
0.230
1.160 0.120
—
—
0.160 0.100
—
—
0.705 0.470 0.505
0.500
0.180 0.045
—
—
1.080 0.515 0.830
0.805
1.404 0.848 0.915
0.910
0.135 0.050 0.065
0.065
6.547 4.519 6.050
5.950
0.609 0.375 0.535
0.515
4.674 3.448 4.340
4.330
0.330 0.045 0.145
0.140
23.670 20.194 22.000 21.460
3.230 2.300 2.880
2.870
7.030 5.007
—
—
1.506 0.781
—
—
3.508 1.400 1.950
1.910
1.090 0.900
—
—
0.510 0.335
—
—
0.920 0.535 0.750
0.750
0.380 0.290 0.360
0.350
0.610 0.384 0.430
0.410
0.876 0.450 0.615
0.590
0.285 0.110 0.140
0.135
1.800 1.130 1.500
1.500
0.790 0.620
—
—
6.200 4.960 6.120
6.120
0.370 0.240 0.260
0.260
0.850 0.548 0.695
0.695
CODE
7146
5198
2682
7609
9954
2674
4758
6556
5568
5015
7214
7162
7070
7181
8133
7005
7187
0168
6297
5100
9938
7221
7188
5105
5229
7076
2879
7171
8435
8044
5007
5797
8052
7018
2852
7986
5071
7195
2127
5094
7157
5082
8125
8176
7114
5835
5835PA
5265
7169
1619
7233
8907
9016
7217
7773
5101
7249
2984
7229
0149
3107
5197
3611
7197
5220
7192
7096
5649
0136
7077
3247
5151
5168
9342
7105
5095
3298
5072
5199
7033
8443
5165
2739
5000
9601
9687
7222
7183
7223
8648
2747
7043
7167
4383
0054
7199
6211
3522
5371
5060
9466
7164
6971
7017
7153
7130
3476
5192
8362
3794
9326
5092
5232
8745
3581
2887
4235
9881
5068
9199
5098
7029
8095
5152
3778
5223
8192
7059
6149
5001
7219
5576
7595
5916
3883
7004
5087
7002
5025
4944
7109
7140
5065
7225
5183
9997
5436
5146
6033
3042
7095
7172
8869
6637
8117
8273
9458
9873
7168
7123
7544
7498
7765
7232
7803
COUNTER
AEM
AFUJIYA
AISB
AJIYA
AKNIGHT
ALCOM
ANCOM
ANNJOO
APB
APM
ARANK
ASTINO
ASUPREM
ATURMJU
BHIC
BIG
BKOON
BOILERM
BOXPAK
BPPLAS
BRIGHT
BSLCORP
BTM
CANONE
CAP
CBIP
CCM
CENBOND
CEPCO
CFM
CHINWEL
CHOOBEE
CICB
CME
CMSB
CNASIA
COASTAL
COMCORP
COMFORT
CSCSTEL
CYL
CYMAO
DAIBOCI
DENKO
DNONCE
DOLMITE
DOLMITE-PA
DOLPHIN
DOMINAN
DRBHCOM
DUFU
EG
EKSONS
EMETALL
EPMB
EVERGRN
EWEIN
FACBIND
FAVCO
FIBON
FIMACOR
FLBHD
GBH
GESHEN
GLOTEC
GOODWAY
GPA
GPHAROS
GREENYB
GSB
GUH
HALEX
HARTA
HARVEST
HCK
HEVEA
HEXZA
HIAPTEK
HIBISCS
HIGHTEC
HIL
HOKHENG
HUAAN
HUMEIND
HWGB
IDEALUBB
IMASPRO
IRETEX
JADI
JASKITA
JAVA
JMR
JOHOTIN
JTIASA
KARYON
KEINHIN
KIALIM
KIANJOO
KIMHIN
KINSTEL
KKB
KNM
KOBAY
KOMARK
KOSSAN
KPOWER
KSENG
KSSC
KYM
LAFMSIA
LBALUM
LCTH
LEONFB
LEWEKO
LIONCOR
LIONDIV
LIONIND
LSTEEL
LUSTER
LYSAGHT
MASTEEL
MASTER
MAYPAK
MBL
MELEWAR
MENTIGA
MERCURY
METALR
METROD
MIECO
MINETEC
MINHO
MLGLOBAL
MSC
MUDA
MULTICO
MYCRON
NAKA
NWP
NYLEX
OCTAGON
OKA
ORNA
PA
PCHEM
PENSONI
PERSTIM
PERWAJA
PETGAS
PETRONM
PIE
PMBTECH
PMETAL
PNEPCB
POLY
PPHB
PREMIER
PRESTAR
PRG
PWORTH
QUALITY
RALCO
RAPID
RESINTC
RUBEREX
CLOSING
(RM)
0.120
0.370
0.280
2.600
0.410
0.690
0.355
0.760
1.080
4.010
0.440
0.620
0.125
0.600
2.020
0.330
0.100
1.110
2.500
1.080
0.380
0.205
0.280
2.400
0.130
1.800
0.900
1.300
1.510
1.300
1.400
1.590
0.900
0.070
5.200
0.260
1.900
0.250
0.680
0.950
0.725
0.295
4.190
0.285
0.420
0.270
0.430
0.760
1.190
1.310
0.315
0.610
1.130
0.195
0.680
1.900
0.705
0.960
2.390
0.375
2.390
1.640
1.410
0.980
0.045
0.260
0.085
0.320
0.200
0.080
0.955
0.625
4.370
0.180
3.050
1.160
0.830
0.265
0.710
0.950
0.660
0.370
0.060
3.220
0.075
0.800
1.600
0.270
0.060
0.145
0.170
1.140
1.520
1.220
0.170
0.380
0.480
3.070
1.840
0.135
1.510
0.500
1.050
0.410
7.100
0.470
4.800
0.420
0.500
9.200
0.495
0.615
0.435
0.135
0.035
0.075
0.290
0.180
0.080
3.600
0.400
0.615
0.360
0.675
0.210
0.560
1.100
0.200
2.100
0.900
0.065
1.060
0.365
2.160
1.170
0.950
0.230
0.125
0.120
0.500
0.070
0.805
0.915
0.065
6.000
0.530
4.340
0.140
21.500
2.880
6.650
0.955
1.930
1.070
0.380
0.750
0.350
0.410
0.600
0.140
1.500
0.700
6.120
0.260
0.695
+/–
(RM)
VOL
(‘000)
UNCH
6
0.030
21
UNCH
16
—
—
—
—
0.030
15
UNCH
7
—
—
—
—
0.010
0.5
—
—
UNCH
16.8
UNCH
110
—
—
0.070
133.5
-0.020
60.1
—
—
0.020
42
—
—
UNCH
93.2
0.010
30
—
—
UNCH
658.9
0.030
48.2
-0.010 5905.1
0.040
104.4
0.015
30.8
-0.030
113.9
—
—
UNCH
15
UNCH
5
—
—
—
—
-0.005
433
0.270 4261.9
-0.080
1.2
UNCH
344.5
-0.005
218.2
-0.025
316.8
0.015
33.5
0.010
73.2
—
—
-0.010
5.5
-0.015 1630.8
-0.030
412
—
—
—
—
0.020
598
-0.010
101.2
-0.010 2295.2
-0.005
559.6
-0.025
335.5
0.010
92.5
-0.015
36.5
-0.030
6
-0.040 1386.3
-0.095
556.4
UNCH
33
UNCH
52
—
—
-0.030
26.2
-0.040 1319.7
UNCH
43.9
0.010 2809.2
UNCH
1765
UNCH
105
-0.005
536
—
—
UNCH
156.2
UNCH
120
UNCH
36.5
-0.015 5275.2
0.050 1133.4
-0.005
227
—
—
0.030 4300.1
UNCH
469.5
UNCH
35.5
0.005 2417.1
—
—
-0.020
15
—
—
-0.005
75
-0.010
147
0.005 1337.1
—
—
0.070
145.2
UNCH
90
0.005
533.9
UNCH
10
—
—
—
—
UNCH
61.6
-0.040
354.4
-0.010
102.3
—
—
-0.020
51
0.010
43
UNCH
64.8
-0.005
266.5
-0.010
344
UNCH 28858.3
0.040
24.7
-0.025
2
-0.150 1621.5
—
—
UNCH
24.8
—
—
UNCH
4.9
0.040
838.5
UNCH
96.2
UNCH 2010.9
UNCH 1363.8
UNCH 6595.2
UNCH
87.8
UNCH
90
0.005
281.9
-0.010
18
0.005 1379.7
UNCH
4
0.025
160.1
—
—
—
—
—
—
-0.015
4.7
0.010
2.7
—
—
—
—
—
—
-0.015 2824.5
UNCH 1782.1
-0.010 1184.8
—
—
—
—
-0.010
176.8
UNCH
7.3
UNCH
3
—
—
—
—
UNCH
1.1
—
—
UNCH
65.9
0.005
94
UNCH
65
UNCH 5459.1
UNCH
199.5
UNCH
8.4
UNCH
510
0.020
2050
-0.070
10
—
—
—
—
0.020
729.7
—
—
—
—
-0.010
18
0.005
135.4
0.010
17
-0.010
282.3
0.005
382.1
-0.010
4
—
—
0.020
5
UNCH
10
-0.025
10
VWAP*
(RM)
PE#
(X)
DY
(%)
0.210 41.38
0.575 30.08
0.000
—
— 10.10
—
—
1.000
—
0.373 36.22
— 760.00
— 12.00
5.870
9.39
—
5.66
1.193
8.44
0.185
—
—
—
2.741 21.35
0.360
—
—
—
2.483 17.08
— 12.25
0.647 17.34
1.342
—
—
—
0.210
—
3.629
4.72
0.370
2.50
3.176 11.04
1.051
—
1.631 10.43
— 25.12
0.900
—
1.354
8.77
— 12.34
—
—
0.060 11.67
5.900 25.35
0.000
—
3.192
5.26
0.000 27.47
0.414 35.60
1.299 94.06
0.000 12.52
—
—
4.042 19.58
0.300 10.59
0.000
3.03
—
9.61
—
—
0.000
3.13
0.951
8.55
2.568 14.67
0.195
7.63
0.336
1.77
1.267
4.10
0.300
—
0.000
8.04
0.474 14.25
1.002 42.47
1.273 16.27
3.009
5.88
— 10.03
6.469
8.16
1.001
8.56
1.260
3.48
0.240 10.63
0.055
—
0.000
—
0.085
—
—
—
0.239 18.02
0.090
—
1.002 13.62
0.000 28.80
7.383 31.97
0.219
—
— 16.74
0.911 10.05
0.672 11.86
0.719 82.81
2.033
—
—
5.36
0.000
8.51
— 31.62
0.142
—
1.233 27.15
0.211
—
—
—
0.000 12.79
1.655
—
0.000
—
0.150 12.95
—
—
— 178.13
1.762
7.54
2.390 34.27
0.359
9.71
—
9.87
0.000
3.77
3.204
9.94
1.250
9.82
0.155
—
2.679
9.06
0.430 13.97
0.000
9.80
0.605
—
3.703 27.17
—
—
7.467 10.38
— 12.17
0.983
—
9.834 32.19
0.530
9.32
0.221 13.14
0.474
5.28
0.175
—
0.095
—
0.205
—
0.761
—
0.290
—
0.091
—
0.000
8.82
1.078
—
—
7.52
—
—
— 12.81
0.231
0.35
0.000 10.18
—
8.84
—
—
— 38.46
0.335
6.75
0.165
—
0.000
7.61
—
1.69
—
—
0.911 22.37
1.685 25.20
0.389
9.24
—
—
—
—
0.530 13.05
—
—
0.912
7.96
0.747
7.85
0.145
—
6.740 20.51
0.558
3.91
3.869
9.33
0.127
—
23.904 18.84
3.040 10.51
— 12.51
— 11.07
2.358 11.17
—
—
— 12.71
1.000
6.48
0.368 134.62
0.492
7.43
0.000 17.05
0.236 25.00
0.000
—
— 10.64
3.770
—
0.280
6.31
0.766 15.38
—
—
—
0.77
—
7.25
—
3.95
6.02
4.86
5.11
4.69
—
—
—
—
—
1.58
—
5.56
—
—
—
2.08
—
3.33
2.78
4.62
—
—
4.17
3.77
1.94
—
1.63
—
3.05
—
—
3.16
6.90
—
3.22
—
—
—
—
—
3.47
4.58
—
—
—
—
5.88
—
0.71
2.92
5.02
2.93
4.18
5.49
10.64
—
—
—
—
—
5.50
—
5.24
—
1.49
—
—
0.97
4.82
2.26
—
3.68
2.27
—
—
0.93
—
—
2.19
—
—
2.07
—
2.63
2.30
1.23
2.35
2.63
—
—
3.26
—
2.65
—
2.86
—
1.13
—
2.08
4.76
—
3.48
4.04
0.81
6.90
—
—
—
—
—
—
—
1.63
4.07
—
4.44
—
—
5.45
—
2.86
—
—
—
—
—
2.56
8.42
—
—
—
6.00
—
3.73
2.73
—
2.67
4.72
8.06
—
2.00
—
1.80
4.19
5.44
—
—
—
—
4.88
1.67
—
—
—
—
—
2.16
MKT CAP
(MIL)
21.9
66.6
36.9
180.0
23.8
92.7
77.7
397.3
121.9
808.4
52.8
170.0
36.5
36.7
501.9
15.9
27.7
572.8
150.1
202.7
62.4
20.1
34.9
461.2
151.0
968.8
411.9
156.0
67.6
53.3
419.3
174.7
41.2
30.9
5,586.8
11.8
1,010.0
35.0
303.2
361.0
72.5
22.1
477.0
29.8
18.9
71.1
5.3
168.7
196.4
2,532.5
55.3
47.0
185.6
33.4
112.9
974.7
148.7
81.8
523.1
36.8
586.2
169.2
263.1
78.4
242.2
28.7
83.3
43.1
66.7
35.2
265.4
66.3
7,170.6
50.6
169.1
487.5
166.3
190.4
696.4
38.6
184.0
29.6
67.3
1,542.7
45.1
56.2
128.0
35.7
56.5
65.2
29.5
144.5
141.8
1,187.9
80.9
37.6
29.7
1,363.6
286.3
141.7
389.3
981.1
71.5
51.1
4,540.2
26.5
1,735.1
40.3
74.9
7,817.2
123.0
221.4
134.9
43.5
46.1
104.4
208.2
23.0
138.6
149.7
97.8
33.6
15.1
62.1
47.6
39.2
44.2
9.6
252.0
189.0
43.2
116.4
32.7
216.0
356.9
42.2
65.2
6.9
38.4
97.2
11.9
125.4
68.9
61.5
48,000.0
68.7
431.0
78.4
42,542.7
777.6
510.8
76.4
2,506.7
70.4
60.8
82.4
118.0
74.6
87.0
67.5
86.9
29.4
535.1
35.7
159.3
34 Markets
T HU
BURSA MAL AYSIA MAIN MARKET
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
4.838 3.154 3.500
3.500
5.750 2.170 5.250
5.120
1.425 0.800 0.930
0.930
1.553 1.130 1.370
1.330
2.580 0.977 2.540
2.500
1.230 0.700 0.825
0.780
7.620 6.300 7.030
6.960
1.050 0.280 0.340
0.330
0.455 0.235 0.260
0.245
1.175 0.526 0.630
0.605
0.515 0.250
—
—
0.780 0.400
—
—
6.140 4.400 5.280
5.190
0.688 0.365
—
—
0.850 0.440
—
—
1.580 0.560 1.410
1.350
1.660 0.484 1.660
1.570
0.845 0.581 0.800
0.750
1.005 0.540
—
—
1.508 0.730 0.900
0.835
0.674 0.200 0.255
0.230
2.281 1.500
—
—
1.979 1.300 1.370
1.340
3.800 1.180
—
—
1.680 0.521 1.410
1.410
2.670 1.539 2.070
2.040
3.884 3.115 3.630
3.600
0.460 0.240 0.270
0.265
1.160 0.370 0.470
0.460
15.886 14.020 14.960 14.840
15.723 13.194
—
—
0.260 0.080
—
—
0.540 0.215
—
—
1.500 0.720
—
—
1.340 0.685 1.100
1.040
0.430 0.220 0.245
0.235
2.390 1.650 1.740
1.730
2.201 1.600 1.720
1.700
0.895 0.650 0.650
0.650
1.870 1.146 1.860
1.830
2.300 1.660 1.750
1.740
8.550 4.078 8.060
7.790
0.773 0.530 0.630
0.630
0.250 0.140
—
—
1.696 1.208 1.550
1.540
4.438 1.370 3.640
3.500
0.971 0.641 0.750
0.720
0.945 0.515
—
—
1.430 0.396 1.350
1.230
1.767 1.127 1.250
1.210
0.470 0.260
—
—
1.780 1.200 1.530
1.520
2.257 1.318 2.100
2.080
0.700 0.470 0.580
0.540
0.650 0.420 0.490
0.435
2.460 1.880
—
—
1.334 0.895 0.935
0.925
2.640 1.110 1.240
1.190
1.363 0.800 0.845
0.840
0.360 0.170
—
—
0.890 0.535 0.800
0.730
CONSTRUCTION
0.530 0.260
—
—
0.762 0.505 0.585
0.580
1.463 0.540 0.655
0.640
0.935 0.510 0.590
0.570
0.698 0.330 0.380
0.365
1.294 0.860 0.915
0.910
1.486 0.950 1.050
0.960
1.879 1.475
—
—
1.168 0.702 0.895
0.870
1.238 0.850 0.960
0.940
0.531 0.340 0.385
0.380
1.807 0.943
—
—
1.746 1.130 1.300
1.250
5.293 3.770 4.720
4.570
1.863 0.800 0.890
0.870
1.540 0.780 0.940
0.910
1.478 1.114
—
—
1.490 1.180
—
—
1.947 1.593 1.740
1.720
3.685 2.870 3.310
3.200
0.905 0.530 0.650
0.615
1.020 0.375 1.000
0.945
0.555 0.300 0.325
0.320
1.220 0.740 0.840
0.805
1.505 1.050 1.160
1.160
1.500 1.060
—
—
1.440 0.860 0.940
0.890
0.550 0.305
—
—
1.336 0.508 1.030
0.995
0.415 0.190 0.210
0.205
2.160 0.840 1.180
1.110
3.082 1.478 2.080
1.980
1.009 0.450 0.475
0.465
1.695 1.320 1.420
1.420
2.043 1.219 1.620
1.610
0.266 0.115 0.135
0.130
4.685 3.000 3.300
3.180
1.050 0.477 0.805
0.770
1.320 0.980 1.160
1.130
0.530 0.300 0.380
0.365
0.535 0.265 0.310
0.310
1.470 0.845 0.870
0.870
1.084 0.490 0.535
0.535
2.031 1.083 1.320
1.240
1.100 0.560 0.600
0.565
0.410 0.225 0.270
0.265
TRADING SERVICES
0.690 0.150 0.195
0.185
0.781 0.306 0.450
0.390
3.822 2.600 2.950
2.800
0.250 0.120 0.170
0.165
2.900 0.765 1.270
1.200
7.248 4.220 5.730
5.140
1.400 0.365 0.500
0.485
0.085 0.020 0.025
0.020
11.540 9.590 9.900
9.900
1.899 1.540
—
—
0.240 0.090 0.220
0.215
1.928 0.765 0.940
0.900
0.225 0.105 0.120
0.120
3.376 2.730 2.990
2.940
4.896 4.450 4.590
4.500
0.495 0.270 0.330
0.315
7.132 5.590 6.190
6.070
0.322 0.210
—
—
1.429 0.705 0.910
0.890
0.794 0.375 0.405
0.385
0.450 0.193 0.275
0.250
7.097 6.364
—
—
2.927 1.890 2.060
1.990
0.591 0.345 0.370
0.360
3.218 1.960 2.230
2.200
0.869 0.630 0.700
0.700
0.615 0.330 0.440
0.410
3.584 2.950 3.180
3.150
0.990 0.475 0.590
0.550
1.610 0.555 0.730
0.610
4.906 3.722 3.950
3.890
1.207 0.740 0.800
0.800
1.850 1.000 1.820
1.780
3.640 1.850 2.660
2.580
1.112 0.505 0.820
0.805
0.622 0.340
—
—
0.765 0.420
—
—
0.120 0.060 0.070
0.070
1.040 0.650
—
—
0.075 0.040 0.045
0.045
2.650 1.390 1.560
1.510
0.305 0.085 0.105
0.100
3.540 1.450 1.690
1.660
2.240 0.953 1.200
1.170
0.695 0.460 0.585
0.575
1.815 1.183 1.610
1.580
6.751 3.530 3.660
3.530
1.791 0.986 1.240
1.210
0.450 0.275 0.330
0.330
1.500 0.441 1.070
0.995
0.495 0.245 0.350
0.345
0.325 0.195 0.215
0.210
3.817 1.949 3.300
3.220
0.425 0.190 0.230
0.220
1.201 0.861
—
—
1.451 1.062 1.240
1.240
CODE
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
YEAR
HIGH
0.050
7
-0.040
101.3
-0.030
6.7
-0.030
95.4
-0.050
31.1
0.040
287.6
0.040
599.3
-0.005
708.2
0.010
307.1
-0.020
47.9
—
—
—
—
UNCH
39.4
—
—
—
—
0.010 12906.3
-0.050
427.4
0.010
1.5
—
—
0.115
7
0.015
496.1
—
—
-0.010
285.6
—
—
0.020
21.2
UNCH
931.7
-0.010
36.5
-0.005
90
UNCH
227.5
-0.060
24.1
—
—
—
—
—
—
—
—
-0.040
130.9
-0.010
34.5
-0.020
12
-0.010
19.5
-0.010
4
-0.010
119.4
UNCH
17.7
-0.180 2449.5
0.030
100
—
—
-0.010
115.8
-0.080
145.5
0.030
10.5
—
—
-0.080 8892.9
0.010
47.5
—
—
UNCH
18
-0.010
281.4
-0.010
69
-0.010
5.1
—
—
0.005
360.4
0.020
70.4
-0.005
93.2
—
—
0.055
354.4
2.844 15.79
2.586
9.37
1.447
8.24
1.541
8.43
0.870 17.93
0.491
—
5.621
9.91
0.299
—
0.430 39.84
0.893 23.86
— 22.66
—
—
6.998
—
— 10.50
— 15.89
0.320 25.47
0.420 21.73
0.636 21.00
—
2.04
1.597
—
0.635
—
— 17.67
1.224
6.90
— 14.90
0.472 11.94
2.636 15.14
4.033 10.67
0.350
1.82
1.134
6.45
0.000 17.37
—
—
—
—
—
—
—
—
2.939
0.41
0.345
—
1.801 14.93
2.500 13.71
0.600 342.11
1.426 11.72
1.795 10.86
5.730 21.58
0.000 46.67
— 16.67
1.400 13.77
1.014 21.54
0.920
5.44
—
—
1.368 10.43
1.682
9.39
—
—
1.686
8.39
3.453 19.07
0.505
—
0.484 18.28
—
7.99
1.259 16.97
0.904 17.21
0.000 10.99
—
—
0.797
—
1.43
2.31
6.45
1.69
3.72
—
3.14
—
—
4.76
—
4.76
—
1.46
—
1.45
1.58
3.13
—
—
—
3.09
5.97
1.35
2.13
2.44
5.52
—
—
4.72
3.05
—
—
—
—
—
4.05
4.68
—
3.28
6.90
2.18
1.59
—
6.45
3.86
3.33
—
2.48
3.63
—
1.97
4.42
—
—
4.55
1.96
—
2.37
—
—
479.3
445.1
67.7
421.7
301.2
60.3
1,610.0
29.8
87.2
114.5
145.0
33.6
1,560.0
90.0
23.2
1,462.3
390.8
35.8
40.7
377.5
22.9
338.6
160.8
154.7
112.8
1,394.3
1,342.1
118.0
82.8
1,834.5
5.1
17.1
14.1
28.9
42.8
36.0
182.0
165.0
57.9
200.3
221.7
4,868.6
67.4
34.3
607.6
527.1
60.0
86.2
1,444.0
960.9
23.2
202.7
689.9
53.2
19.6
528.0
450.1
306.0
135.2
71.4
74.1
—
0.931
0.000
0.888
0.799
1.255
1.480
—
0.000
2.720
0.603
—
1.010
4.762
1.178
1.184
—
—
1.930
5.810
1.052
0.522
0.000
1.180
1.845
—
0.996
—
0.478
0.523
2.783
2.322
0.460
1.160
1.391
0.299
6.189
1.195
0.000
0.298
0.554
1.250
0.000
2.270
0.770
0.300
17.61
14.85
4.65
57.50
12.06
7.21
7.22
6.86
10.03
45.19
—
8.51
4.75
14.80
8.60
4.20
—
—
12.16
15.60
—
26.64
—
63.64
7.30
58.30
14.05
7.68
6.55
—
—
10.45
19.14
16.45
—
7.26
10.22
11.40
11.05
3.25
19.14
7.90
10.49
12.77
—
4.43
—
3.42
5.47
—
5.33
3.30
3.57
1.76
2.86
2.13
3.25
1.99
3.10
2.58
2.16
—
1.84
1.16
1.50
2.27
—
—
—
—
3.28
—
2.96
—
3.30
—
7.83
2.01
2.15
7.04
5.59
—
4.85
1.61
—
—
0.58
—
1.87
1.51
—
—
14.2
282.9
194.5
466.8
81.6
314.4
181.4
157.6
468.1
804.1
127.0
137.2
282.7
11,211.5
342.1
317.5
11.2
27.0
1,008.0
11,826.4
111.1
427.4
61.1
842.3
348.7
196.5
111.6
24.1
648.5
48.6
635.3
936.0
295.2
129.6
542.6
42.8
537.1
599.9
1,486.8
120.1
149.0
56.5
62.2
1,560.6
69.7
228.1
1.040
—
0.344
—
15.101 21.82
0.000 13.28
2.412
—
8.659 13.29
1.512
9.55
0.089
—
12.480 17.07
— 13.64
0.311
—
3.968
—
0.140
—
2.917 27.71
4.675 24.01
0.277
6.42
6.719 21.77
—
9.48
1.392
8.07
1.312
—
0.320
8.41
— 23.55
1.535 11.17
0.525
2.12
1.679
3.82
0.820
—
0.490
—
3.924 11.73
0.489 12.55
1.493
—
5.333 12.73
0.000
—
1.759 30.46
2.454
7.56
2.050
7.15
— 18.60
— 38.16
0.105
—
— 75.00
0.050
—
2.457
7.10
0.381
—
5.370
8.87
4.279
8.22
0.371 27.73
2.979 28.83
6.572 10.33
9.405 37.00
0.480
2.19
0.000 16.31
0.000 109.38
0.336
—
2.565 14.73
0.146 22.73
— 10.86
0.958 10.76
—
12.82
1.75
—
2.46
1.36
—
—
4.04
1.82
—
1.80
2.08
3.85
6.54
—
3.58
4.55
2.21
—
—
3.35
4.74
2.78
1.93
—
—
6.83
—
—
5.33
—
1.67
—
4.91
3.13
1.31
4.29
4.44
—
3.25
—
4.22
5.88
—
1.31
2.68
1.24
—
1.01
—
—
1.52
—
3.80
3.23
788.1
159.9
4,015.4
27.2
3,395.2
9,258.3
448.4
29.9
1,627.4
99.0
86.6
5,309.0
79.7
15,553.2
1,164.3
74.3
53,444.5
83.7
744.6
166.4
55.8
3,017.6
2,337.3
1,559.4
825.0
3,500.2
103.4
4,255.7
219.2
158.3
4,074.7
187.1
391.9
265.0
304.4
51.0
72.7
50.4
82.3
96.0
372.1
165.2
1,456.0
476.0
472.7
8,145.0
559.7
1,633.5
81.1
501.5
21.0
66.9
2,684.6
159.6
170.7
161.2
0.860
1.413
2.430
0.967
1.735
0.340
0.450
3.460
1.840
4.655
9.774
1.592
0.568
2.564
0.070
0.470
5.620
2.980
3.879
0.055
1.750
6.450
0.910
1.630
0.430
2.775
0.670
0.450
2.217
0.476
1.944
4.410
1.780
0.575
0.570
0.585
0.285
0.970
1.378
2.909
1.879
0.215
7.144
1.714
3.457
2.112
0.882
1.180
2.711
3.160
9.296
2.754
0.670
0.125
0.355
0.485
3.070
1.160
4.520
0.140
1.007
1.003
1.896
0.220
2.990
0.501
1.030
2.833
1.443
0.335
2.918
1.827
1.320
0.300
5.950
22.800
0.250
7.372
0.270
0.430
5.116
2.713
3.345
0.200
0.405
0.921
0.732
0.660
0.225
2.311
0.415
0.915
1.240
1.470
1.810
9.599
0.938
4.170
1.860
2.620
3.500
0.460
2.671
0.230
0.610
4.060
4.500
16.839
1.729
0.585
0.850
7.526
0.750
1.390
0.560
3.056
1.321
2.943
3.903
1.718
0.750
3.753
0.505
3.243
0.550
4.610
1.460
0.130
3.465
1.052
1.790
FINANCE
16.170
3.267
4.896
13.200
13.400
6.582
1.970
4.290
8.811
7.132
1.560
1.463
14.820
13.880
18.015
2.150
1.236
0.900
0.250
2.650
0.764
15.088
0.805
3.350
9.749
2.540
4.630
2.740
1.485
19.645
0.410
9.171
0.947
5134
9822
7811
5170
7247
9237
4731
7239
7366
7073
5145
5163
4324
5181
7115
7155
7248
7132
7099
5665
7143
6904
7207
8656
7235
7106
5012
4022
5149
4448
4448P
5178
7097
7439
9741
6378
7034
7374
7854
7285
5010
7113
7173
4359
7100
7133
7227
4995
6963
5142
7226
7111
7231
7050
7025
5009
4243
7245
5048
7020
7014
SAB
SAM
SAPIND
SCABLE
SCGM
SCIB
SCIENTX
SCNWOLF
SCOMIEN
SEACERA
SEALINK
SEB
SHELL
SIGGAS
SKBSHUT
SKPRES
SLP
SMISCOR
SMPC
SSTEEL
STONE
SUBUR
SUCCESS
SUPER
SUPERLN
SUPERMX
TAANN
TADMAX
TAS
TASEK
TASEK-PA
TATGIAP
TAWIN
TECGUAN
TECNIC
TEKALA
TGUAN
TIENWAH
TIMWELL
TOMYPAK
TONGHER
TOPGLOV
TOYOINK
TURIYA
UCHITEC
ULICORP
UMSNGB
VERSATL
VS
WASEONG
WATTA
WEIDA
WELLCAL
WONG
WOODLAN
WTHORSE
WTK
WZSATU
YILAI
YKGI
YLI
3.500
5.160
0.930
1.330
2.510
0.820
7.000
0.340
0.255
0.630
0.290
0.420
5.200
0.480
0.580
1.350
1.580
0.800
0.580
0.900
0.255
1.620
1.340
3.700
1.410
2.050
3.620
0.265
0.460
14.840
15.100
0.110
0.220
0.720
1.060
0.235
1.730
1.710
0.650
1.830
1.740
7.800
0.630
0.150
1.550
3.630
0.750
0.735
1.250
1.240
0.275
1.520
2.080
0.580
0.490
2.200
0.935
1.210
0.845
0.205
0.730
7007
7078
6173
5190
5932
8761
8591
7528
5253
8877
7047
7161
9261
5398
5226
5169
5169PA
5169PB
6238
3336
8834
4723
9083
3565
5171
9628
5129
5006
9571
5924
5085
5703
8311
7055
5070
7145
9598
5205
5263
9717
5054
5622
5042
9679
7028
2283
ARK
AZRB
BDB
BENALEC
BPURI
BREM
CRESBLD
DKLS
ECONBHD
EKOVEST
FAJAR
FUTUTEC
GADANG
GAMUDA
GBGAQRS
HOHUP
HOHUP-PA
HOHUP-PB
HSL
IJM
IREKA
JAKS
JETSON
KEURO
KIMLUN
LEBTECH
MELATI
MERGE
MITRA
MTDACPI
MUDAJYA
MUHIBAH
PESONA
PLB
PRTASCO
PSIPTEK
PTARAS
SENDAI
SUNCON
SYCAL
TRC
TRIPLC
TSRCAP
WCT
ZECON
ZELAN
0.310
0.585
0.640
0.575
0.375
0.910
1.050
1.700
0.875
0.940
0.385
1.510
1.290
4.660
0.875
0.920
1.360
1.290
1.730
3.310
0.650
0.975
0.325
0.840
1.160
1.440
0.930
0.360
1.010
0.210
1.150
1.990
0.465
1.420
1.610
0.135
3.300
0.775
1.150
0.375
0.310
0.870
0.535
1.300
0.585
0.270
—
-0.010
-0.010
-0.010
0.005
UNCH
0.075
—
-0.005
-0.045
-0.005
—
0.040
0.100
0.015
0.035
—
—
0.040
0.130
0.010
0.025
0.005
0.025
UNCH
—
-0.010
—
0.010
UNCH
0.080
-0.030
0.005
0.090
0.010
UNCH
0.120
0.005
0.030
-0.005
-0.005
UNCH
0.005
0.060
-0.010
UNCH
—
36.5
102.7
428.6
911.7
23.9
44.1
—
449.4
130.7
47
—
1464.6
6921.5
206.3
3559.2
—
—
12.5
8788
51.5
9816.1
907.3
110.2
1.9
—
14.6
—
4254.8
8
1403.5
1016
245.8
1
42.9
378.3
73.6
2498.3
2642.5
205
1
10
9.6
2923
185.8
2339.6
5238
5166
6599
7315
5099
5014
5115
0159
6351
7083
5194
5210
1481
6399
7048
7579
6888
5021
7251
7241
6998
5032
5248
3395
5196
4219
6025
1562
7036
9474
2771
5257
5245
2925
7117
7209
7016
5104
5136
5037
5184
0091
5141
5132
7212
7277
5908
5216
2097
5259
5036
7471
1368
0064
5081
5208
AAX
AEGB
AEON
AHB
AIRASIA
AIRPORT
ALAM
AMEDIA
AMWAY
ANALABS
APFT
ARMADA
ASB
ASTRO
ATLAN
AWC
AXIATA
AYS
BARAKAH
BHS
BINTAI
BIPORT
BJAUTO
BJCORP
BJFOOD
BJLAND
BJMEDIA
BJTOTO
BORNOIL
BRAHIMS
BSTEAD
CARIMIN
CARING
CCB
CENTURY
CHEETAH
CHUAN
CNI
COMPLET
COMPUGT
CYPARK
DAYA
DAYANG
DELEUM
DESTINI
DIALOG
DKSH
DSONIC
EASTLND
EATECH
EDARAN
EDEN
EDGENTA
EFFICEN
EIG
EITA
0.190
0.390
2.860
0.170
1.220
5.580
0.485
0.025
9.900
1.650
0.220
0.905
0.120
2.990
4.590
0.325
6.140
0.220
0.905
0.390
0.260
6.560
2.050
0.360
2.200
0.700
0.440
3.150
0.575
0.670
3.940
0.800
1.800
2.630
0.815
0.400
0.435
0.070
0.675
0.045
1.540
0.100
1.660
1.190
0.585
1.600
3.550
1.210
0.330
0.995
0.350
0.215
3.300
0.225
0.920
1.240
UNCH
-0.010
-0.080
0.005
-0.010
0.480
-0.005
0.005
UNCH
—
0.005
UNCH
UNCH
0.050
UNCH
UNCH
0.080
—
0.015
UNCH
-0.015
—
0.050
-0.005
0.010
0.020
UNCH
UNCH
0.025
0.080
0.030
-0.050
-0.050
0.040
0.015
—
—
UNCH
—
UNCH
0.020
UNCH
-0.010
-0.010
0.010
-0.010
-0.110
-0.010
0.005
-0.055
-0.015
0.005
0.080
0.005
—
0.060
10412.5
55.1
16
455.1
33746.1
3099.1
1562.5
400.2
5.5
—
13345.5
30257.9
23
3825.3
2
800.2
13726.7
—
618.7
1039
2906
—
3091.9
2559.8
544.4
5
116.1
176.3
7236.7
3764.1
183.5
7
215.6
75
1218.2
—
—
110
—
50
174.5
1312.4
209.3
268.8
117.4
9464.8
86.4
1972.4
0.7
569.3
0.3
165
837.4
1308.1
—
0.5
VWAP*
(RM)
YEAR
LOW
DAY
HIGH
DAY
LOW
0.450
—
—
0.966 1.100
1.060
1.500 1.670
1.590
0.450 0.490
0.475
1.250
—
—
0.110 0.180
0.165
0.110 0.140
0.140
1.892 2.300
2.200
0.820 1.120
1.080
3.744 4.430
4.320
6.510 7.340
7.200
0.960 1.420
1.380
0.380 0.420
0.415
1.890 2.180
2.160
0.060
—
—
0.265
—
—
3.416 5.620
5.460
1.350 2.330
2.300
2.969 3.060
3.060
0.010 0.015
0.010
0.250 0.385
0.365
4.576 5.900
5.820
0.599 0.840
0.810
0.790 1.010
1.010
0.205 0.245
0.240
1.450 1.730
1.710
0.365 0.385
0.385
0.215
—
—
1.720 1.880
1.870
0.250
—
—
1.420
—
—
3.488 4.200
4.140
1.031 1.290
1.260
0.350 0.395
0.390
0.190 0.225
0.205
0.270 0.360
0.340
0.120 0.245
0.230
0.500 0.595
0.570
0.637 1.260
1.230
2.421 2.600
2.580
1.180 1.620
1.570
0.135 0.150
0.145
5.912 6.770
6.580
0.775 0.925
0.880
2.507
—
—
1.011 1.200
1.160
0.500 0.540
0.520
0.685
—
—
1.910
—
—
0.895 1.140
1.030
6.365 8.750
8.660
1.490 1.880
1.830
0.330 0.390
0.375
0.065 0.070
0.065
0.155 0.180
0.175
0.270 0.340
0.315
2.500 2.730
2.670
0.600
—
—
2.064 4.420
4.390
0.075 0.100
0.095
0.587
—
—
0.615 0.760
0.750
1.260 1.370
1.330
0.085 0.105
0.100
0.680 2.430
2.280
0.378 0.430
0.410
0.460 0.585
0.570
0.995 1.030
1.010
0.910 1.050
1.010
0.055 0.095
0.085
0.880 1.080
1.040
0.985 1.540
1.530
0.240 0.350
0.335
0.135 0.170
0.160
2.798 5.650
5.650
14.210 22.000 21.700
0.030
—
—
3.929 6.200
6.200
0.167
—
—
0.220
—
—
3.337 3.610
3.500
1.296 1.930
1.850
1.864 2.750
2.740
0.100 0.135
0.130
0.340
—
—
0.535 0.675
0.645
0.572 0.715
0.700
0.393 0.480
0.455
0.090 0.105
0.100
1.157 1.900
1.860
0.135 0.210
0.190
0.230 0.310
0.285
0.640
—
—
1.236 1.390
1.380
1.155 1.510
1.470
6.700 7.850
7.450
0.751
—
—
1.360 1.890
1.830
0.848 1.700
1.620
2.114 2.520
2.490
2.250 2.600
2.600
0.100 0.165
0.150
1.900 2.120
2.100
0.110 0.145
0.145
0.330 0.350
0.340
1.521 3.450
3.410
2.407 3.580
3.350
10.260 12.280 12.020
0.686 1.480
1.450
0.290 0.390
0.355
0.130 0.260
0.220
5.908 6.820
6.700
0.435 0.560
0.550
0.910 1.040
1.030
0.370
—
—
2.563
—
—
0.866 1.000
0.950
2.300 2.410
2.400
0.860 1.180
1.100
1.200 1.300
1.280
0.500
—
—
1.280 1.890
1.840
0.360 0.410
0.400
2.252
—
—
0.420 0.545
0.500
2.713 4.280
4.250
0.755 1.120
1.070
0.040 0.055
0.050
2.310 2.830
2.780
0.434 0.620
0.595
1.440 1.600
1.580
10.083
2.100
3.340
10.100
10.100
4.170
1.225
3.700
7.457
4.480
0.895
1.227
12.300
7.400
12.500
1.770
0.580
0.782
0.125
1.513
0.532
10.559
0.575
2.650
7.963
1.260
2.990
1.290
1.173
16.880
0.285
5.890
0.550
12.520
2.450
3.450
10.680
10.700
4.800
1.590
4.050
8.150
5.020
1.310
1.330
13.580
—
14.440
1.960
0.720
0.885
0.135
2.620
0.610
13.100
0.765
2.800
8.720
1.610
3.400
1.490
1.370
18.140
0.410
6.400
0.635
12.500
2.400
3.420
10.640
10.700
4.700
1.490
3.940
7.970
4.910
1.310
1.310
13.200
—
13.820
1.960
0.690
0.885
0.130
2.610
0.590
12.980
0.745
2.800
8.550
1.530
3.310
1.450
1.350
17.880
0.395
6.190
0.605
CODE
7189
5056
6939
9318
7210
0128
9377
5209
0078
4715
3182
3204
7676
7668
7110
7253
3034
2062
5008
7013
5255
5225
5614
5673
8923
0058
8672
5079
6491
0151
5035
5878
5843
9121
4847
6874
7170
8486
5143
3859
5264
3514
6012
5077
5983
4502
5090
7234
3069
5186
3816
2194
0059
0043
3891
3905
0138
9806
5509
4464
5533
0172
5201
3018
5260
8419
5125
5657
5041
6254
5133
7108
0047
7080
5219
5681
7027
7081
7201
7163
4634
5204
8346
0037
8885
8567
5147
7185
9113
0099
7158
7045
7053
9792
5250
4197
9431
5218
5242
6084
9865
1201
6521
0016
5173
8524
5140
5347
8702
7228
7206
4863
0101
8397
7218
5711
5167
7137
5243
7091
5754
7250
7240
5016
7692
5246
5267
7122
7293
7066
4677
5139
5185
2488
1163
1163PA
1015
5088
5258
1818
1023
2143
5228
5819
5274
1082
6688
3379
3379PA
3441
5096
6483
8621
1198
1058
1155
1171
6459
5237
6009
1295
9296
1066
4898
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
EKIB
ENGTEX
FIAMMA
FITTERS
FREIGHT
FRONTKN
FSBM
GASMSIA
GDEX
GENM
GENTING
GKENT
GUNUNG
HAIO
HAISAN
HANDAL
HAPSENG
HARBOUR
HARISON
HUBLINE
ICON
IHH
ILB
IPMUDA
JIANKUN
JOBST
KAMDAR
KBES
KFIMA
KGB
KNUSFOR
KPJ
KPS
KPSCB
KTB
KUB
LFECORP
LIONFIB
LUXCHEM
MAGNUM
MALAKOF
MARCO
MAXIS
MAYBULK
MBMR
MEDIA
MEDIAC
MESB
MFCB
MHB
MISC
MMCCORP
MMODE
MTRONIC
MUIIND
MULPHA
MYEG
NATWIDE
NCB
NICORP
OCB
OCK
OLDTOWN
OLYMPIA
OWG
PANSAR
PANTECH
PARKSON
PBA
PDZ
PENERGY
PERDANA
PERISAI
PERMAJU
PESTECH
PETDAG
PETONE
PHARMA
PICORP
PJBUMI
POS
PRESBHD
PRKCORP
RGB
RPB
SALCON
SAMCHEM
SAMUDRA
SANBUMI
SCICOM
SCOMI
SCOMIES
SEEHUP
SEG
SEM
SIME
SJC
SKPETRO
SOLID
STAR
SUIWAH
SUMATEC
SURIA
SYMPHNY
SYSCORP
TALIWRK
TASCO
TENAGA
TEXCHEM
TGOFFS
THHEAVY
TM
TMCLIFE
TNLOGIS
TOCEAN
TSTORE
TURBO
UMS
UMWOG
UNIMECH
UTUSAN
UZMA
VOIR
WARISAN
WIDETEC
WPRTS
XINHWA
YFG
YINSON
YONGTAI
YTL
0.760
1.070
1.670
0.475
1.280
0.165
0.140
2.200
1.080
4.410
7.220
1.390
0.415
2.180
0.065
0.310
5.560
2.320
3.060
0.015
0.365
5.840
0.820
1.010
0.245
1.710
0.385
0.320
1.880
0.350
1.550
4.200
1.280
0.395
0.210
0.340
0.245
0.595
1.240
2.580
1.580
0.145
6.700
0.895
2.940
1.170
0.535
0.950
2.060
1.060
8.690
1.830
0.380
0.070
0.180
0.330
2.680
0.620
4.400
0.100
0.720
0.760
1.340
0.105
2.320
0.415
0.575
1.020
1.020
0.085
1.060
1.540
0.340
0.170
5.650
21.720
0.055
6.200
0.190
0.260
3.600
1.860
2.740
0.130
0.370
0.655
0.710
0.480
0.105
1.870
0.195
0.290
1.100
1.390
1.480
7.780
0.760
1.870
1.640
2.510
2.600
0.155
2.120
0.145
0.350
3.410
3.580
12.160
1.470
0.385
0.225
6.800
0.550
1.040
0.370
2.800
1.000
2.410
1.160
1.300
0.510
1.880
0.410
2.370
0.545
4.260
1.080
0.055
2.810
0.605
1.580
—
-0.010
0.090
-0.015
—
-0.010
-0.010
-0.120
-0.020
0.010
0.020
-0.030
0.005
UNCH
—
—
-0.020
-0.010
0.060
UNCH
UNCH
-0.020
0.005
-0.020
UNCH
UNCH
-0.015
—
0.010
—
—
0.020
-0.010
UNCH
-0.015
UNCH
0.005
0.015
UNCH
UNCH
-0.020
UNCH
0.010
0.015
—
0.020
0.005
—
—
0.040
0.020
-0.030
-0.005
-0.005
UNCH
0.010
-0.020
—
-0.010
UNCH
—
0.005
-0.010
0.005
-0.100
UNCH
0.005
-0.010
-0.020
-0.005
-0.010
0.010
UNCH
0.010
-0.080
0.020
—
0.130
—
—
0.100
UNCH
-0.010
UNCH
—
0.010
0.010
UNCH
-0.005
-0.030
0.005
-0.005
—
-0.010
UNCH
0.080
—
0.020
UNCH
0.050
UNCH
0.005
0.020
-0.005
-0.005
-0.020
0.180
0.200
0.020
0.025
0.005
0.100
UNCH
0.010
—
—
0.040
-0.040
0.080
UNCH
—
0.030
0.010
—
0.045
UNCH
-0.040
UNCH
0.010
-0.010
-0.010
—
426.2
34.2
413.8
—
32701.4
10
877.3
482.5
3054.3
1209.2
1638.8
11
16.4
—
—
391.5
101.5
0.2
985
5907.6
5408.9
97.3
6.8
38
56.2
0.2
—
38
—
—
437.1
108.6
130
2788.8
2397.4
244.1
108.4
353
194.8
3226.3
5055.7
3232.2
207.3
—
1752.1
259.3
—
—
3581.8
7800.8
687.9
181.8
7986.4
217
2497.5
1806.7
—
109.9
370
—
276
377.8
259.4
393.3
339
884.1
1393.3
620.1
6851.1
498.6
267.2
28943
695.9
2.9
352.1
—
1.1
—
—
1892.9
2510.4
21.5
1523.2
—
2919.6
1
6.1
100.8
1457.4
45407.2
11661.1
—
1.2
22.1
1822.9
—
18512.5
158.5
568.8
1
44182.1
15
110
4.5
102.6
4
17659.9
110
469.8
78931.6
4615.6
884
224.4
—
—
39
7
10330.2
6
—
275.3
335
—
1
3408.1
512.2
746.2
279.9
3877.4
2792.3
AEONCR
AFFIN
AFG
ALLIANZ
ALLIANZ-PA
AMBANK
APEX
BIMB
BURSA
CIMB
ECM
ELKDESA
HLBANK
HLCAP
HLFG
HWANG
INSAS
INSAS-PA
JOHAN
KAF
KENANGA
LPI
MAA
MANULFE
MAYBANK
MBSB
MNRB
MPHBCAP
P&O
PBBANK
RCECAP
RHBCAP
TA
12.520
2.440
3.440
10.640
10.700
4.760
1.590
4.030
8.050
4.910
1.310
1.330
13.340
10.200
14.160
1.960
0.700
0.885
0.135
2.610
0.590
13.000
0.745
2.800
8.570
1.570
3.330
1.460
1.370
18.020
0.395
6.340
0.635
0.060
5.2
0.060
586.5
0.050 3601.2
-0.020
4.4
0.380
1
0.080 9523.4
0.110
270.5
-0.020
79.1
0.090
742.4
0.010 17347.3
0.010
123.1
0.010
504.2
UNCH
482.3
—
—
UNCH
283.1
-0.030
2
UNCH 1010.4
UNCH
17.7
0.005
177
UNCH
46
-0.005
133.6
UNCH
71.6
-0.020
426.1
0.050
3
0.060 18416.8
0.070 4639.5
UNCH
47.7
-0.040
131.4
0.010
28
0.020 7051.9
-0.010 2526.2
0.040 1149.3
0.030
739.8
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
—
—
1.658
6.82
1.888
6.55
0.750 13.19
— 10.88
0.075
9.02
0.210
—
3.875 20.28
2.952 45.38
4.211 21.40
10.196 20.42
1.081 13.29
0.883
6.92
2.644 14.33
—
—
—
6.13
2.654 11.28
0.869
8.11
3.050 10.14
0.048
—
0.000
8.51
4.042 60.77
0.723
—
0.670
5.92
0.322
—
0.000
3.78
0.000
8.75
—
—
1.978
9.83
— 15.09
—
5.50
6.116 28.61
2.191
6.02
0.462
4.44
0.152 10.71
0.429 32.38
0.151 44.55
1.000
—
1.286 14.67
3.264 14.29
0.000
3.22
0.150
7.29
7.027 30.58
1.704
—
—
9.42
2.650 17.18
1.005
7.48
— 24.17
—
6.28
3.738 15.52
1.000 14.58
2.820
3.33
0.686
8.02
0.094 35.00
0.201
—
0.424
4.05
2.509 47.02
—
—
3.644 53.01
0.115
—
— 12.44
0.816 18.36
2.573 13.21
0.124
4.13
0.000 27.72
0.494
7.80
0.994
8.79
3.506 59.30
0.984 13.77
0.080
—
2.187
8.02
1.974 29.11
1.458 13.88
0.346
—
2.757 31.37
30.797 33.75
—
0.59
4.619 16.10
— 11.80
— 14.29
5.937 15.76
2.589 55.36
1.000
2.26
0.115
7.18
—
—
0.674 50.00
0.000 12.75
0.350
8.09
0.217
—
0.654 19.85
0.368
6.50
0.721 10.39
— 215.69
1.536 29.14
0.000 30.33
9.647 20.69
— 48.41
4.291
9.45
0.725 25.83
2.459 16.02
0.000 14.72
0.304
8.03
2.666
4.80
0.118 96.67
0.435 83.33
0.982
4.81
2.066 13.35
1.000 10.32
0.865 32.96
0.629
—
0.900
—
1.000 33.68
0.384 50.46
1.000
5.96
— 43.02
—
9.40
0.785
7.99
0.000 11.33
3.400 14.34
1.755 12.22
—
—
4.650 10.18
0.000
—
—
—
0.000 14.08
2.533 27.79
0.000 10.80
0.130 32.35
5.861 11.77
0.000
—
1.611 15.34
—
0.93
5.39
5.77
3.91
—
—
5.25
0.78
1.43
0.55
3.81
1.45
6.42
—
—
4.50
1.08
4.90
—
—
0.51
4.27
—
—
12.87
—
—
4.52
2.86
3.23
1.93
3.13
—
—
—
—
—
4.03
7.75
—
1.38
5.07
1.12
2.72
9.40
6.34
—
3.88
—
1.55
1.91
2.63
—
—
—
0.56
—
1.59
—
2.78
—
4.48
—
—
5.42
4.49
—
3.68
—
1.89
1.30
—
—
0.71
1.75
—
5.48
2.00
—
3.64
1.75
—
1.92
—
4.58
4.58
9.38
—
3.88
—
—
—
9.35
1.69
4.63
1.32
1.08
1.83
5.98
2.31
—
3.30
—
—
3.67
2.51
2.38
10.20
—
—
3.34
0.55
3.85
—
1.34
5.00
2.49
0.86
3.46
—
2.01
—
2.95
—
2.69
—
—
0.53
—
6.01
69.8
317.8
241.7
228.1
221.4
173.8
17.9
2,824.8
1,335.2
26,186.8
27,025.9
417.6
98.0
440.8
5.2
49.6
12,496.7
422.2
209.6
48.8
429.7
48,023.7
146.0
73.2
37.2
239.4
76.2
40.3
520.3
77.0
154.4
4,426.2
638.7
58.4
84.6
189.2
20.8
137.8
328.2
3,709.4
7,900.0
152.9
50,313.4
895.0
1,148.7
1,297.8
902.7
39.9
501.3
1,696.0
38,790.4
5,572.5
61.8
53.1
527.9
777.5
3,221.6
37.3
2,069.1
78.2
74.1
401.4
620.7
107.5
429.2
116.2
354.5
1,115.8
337.9
73.9
341.1
1,152.9
405.7
33.3
1,049.7
21,577.8
2.8
1,605.1
125.0
13.0
1,933.3
900.2
274.0
169.3
317.7
443.9
96.6
88.1
19.9
664.7
305.9
679.1
57.2
1,039.9
1,825.4
48,322.8
30.8
11,205.3
270.6
1,853.8
158.6
539.8
600.7
95.7
420.0
1,498.8
358.0
68,626.3
182.4
146.9
252.2
25,554.0
953.1
437.5
15.2
191.8
108.0
98.1
2,507.9
167.1
56.5
547.0
49.2
159.3
24.4
14,526.6
194.4
33.5
3,070.8
97.0
17,054.5
4.55
6.15
4.48
0.47
0.56
5.74
7.55
5.76
4.29
1.63
—
5.64
3.07
1.47
2.68
1.28
1.43
4.52
—
3.83
1.69
4.36
8.05
3.57
6.42
5.96
—
—
6.50
3.05
3.80
0.95
2.83
1,802.9
4,740.8
5,325.5
1,801.4
984.9
14,347.5
339.6
6,215.1
4,303.6
41,684.9
375.4
166.3
25,078.0
2,518.3
14,907.2
500.1
485.3
117.4
84.1
313.2
431.7
4,315.8
226.7
566.6
81,751.7
4,456.5
709.5
1,043.9
337.0
69,956.1
532.1
16,411.0
1,087.1
15.436
4.253
4.969
10.400
0.000
7.396
1.180
1.000
8.033
7.536
1.068
1.512
1.000
—
15.806
4.315
0.963
0.000
0.160
1.851
0.620
16.538
0.663
1.000
9.750
2.620
3.648
1.767
1.467
1.000
0.265
7.601
0.782
62.29
9.10
10.03
6.01
—
8.31
17.12
11.13
21.15
17.80
8.95
8.74
10.55
32.15
9.16
9.95
5.04
—
—
74.57
14.79
13.30
—
16.48
11.63
5.28
5.25
16.10
18.98
14.34
16.60
8.04
7.18
4
2
PROP
1
1
0
0
1
0
0
1
2
3
3
1
2
0
2
1
2
1
0
1
0
0
1
1
0
2
2
0
2
2
2
0
1
0
0
1
2
0
1
1
0
1
1
1
2
1
0
0
0
0
3
0
0
1
2
0
3
3
2
2
2
0
1
3
0
1
1
1
1
3
0
1
6
3
1
3
1
0
8
0
2
0
1
0
2
1
1
2
1
1
2
0
MINI
1
PLAN
1
18
8
1
0
9
0
8
3
10
1
1
1
2
3
0
1
4
23
3
2
0
3
2
1
1
2
5
0
1
0
4
3
0
6
2
0
1
1
2
6
28
HOTE
0
1
0
7
TECH
1
0
0
0
0
0
0
1
0
2
1
0
0
6
0
3
0
0
4
* Volu
A I LY
Markets 3 5
BURSA MAL AYSIA MAIN MARKET . ACE MARKET
AP
IL)
9.8
7.8
1.7
8.1
1.4
3.8
7.9
4.8
5.2
6.8
5.9
7.6
8.0
0.8
5.2
9.6
6.7
2.2
9.6
8.8
9.7
3.7
6.0
3.2
7.2
9.4
6.2
0.3
0.3
7.0
4.4
6.2
8.7
8.4
4.6
9.2
0.8
7.8
8.2
9.4
0.0
2.9
3.4
5.0
8.7
7.8
2.7
9.9
1.3
6.0
0.4
2.5
1.8
3.1
7.9
7.5
1.6
7.3
9.1
8.2
4.1
1.4
0.7
7.5
9.2
6.2
4.5
5.8
7.9
3.9
1.1
2.9
5.7
3.3
9.7
7.8
2.8
5.1
5.0
3.0
3.3
0.2
4.0
9.3
7.7
3.9
6.6
8.1
9.9
4.7
5.9
9.1
7.2
9.9
5.4
2.8
0.8
5.3
0.6
3.8
8.6
9.8
0.7
5.7
0.0
8.8
8.0
6.3
2.4
6.9
2.2
4.0
3.1
7.5
5.2
1.8
8.0
8.1
7.9
7.1
6.5
7.0
9.2
9.3
4.4
6.6
4.4
3.5
0.8
7.0
4.5
2.9
0.8
5.5
1.4
4.9
7.5
9.6
5.1
3.6
4.9
5.4
6.3
8.0
8.3
7.2
0.1
5.3
7.4
4.1
3.2
1.7
5.8
6.7
6.6
1.7
6.5
9.5
3.9
7.0
6.1
2.1
1.0
7.1
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
4.230 2.010
2.315 1.210
PROPERTIES
1.101 0.655
1.324 0.785
0.530 0.370
0.315 0.155
1.455 0.864
0.915 0.510
0.970 0.726
1.480 0.900
2.804 1.850
3.245 1.460
3.414 1.980
1.510 0.430
2.637 1.450
0.375 0.210
2.100 1.170
1.520 0.780
2.950 1.200
1.000 0.655
0.626 0.410
1.123 0.730
0.515 0.340
0.881 0.425
1.150 0.860
1.883 1.020
0.750 0.455
2.383 1.660
2.770 1.770
0.999 0.461
2.030 1.160
2.884 2.329
2.624 1.735
0.605 0.315
1.720 0.745
0.395 0.205
0.095 0.040
1.237 0.808
2.353 1.330
0.655 0.340
1.586 1.100
1.646 1.280
0.390 0.250
1.163 0.742
1.692 1.270
1.130 0.630
2.782 1.756
1.405 1.032
0.695 0.535
0.980 0.555
0.440 0.275
0.294 0.186
3.692 1.900
0.464 0.300
0.480 0.145
1.687 0.795
2.140 0.940
0.515 0.265
3.746 1.950
3.048 2.109
2.152 1.580
2.626 1.706
2.051 1.280
0.680 0.290
1.959 1.315
3.083 1.720
0.320 0.195
1.012 0.715
1.440 0.640
1.161 0.855
1.120 0.450
3.644 2.609
0.225 0.140
1.562 0.850
6.067 4.500
3.540 2.920
1.189 0.702
3.814 2.988
1.149 0.740
0.383 0.245
8.840 5.391
0.125 0.055
2.450 1.160
0.195 0.105
1.140 0.380
0.150 0.075
2.474 1.550
1.344 0.830
1.868 0.755
2.184 1.680
1.915 1.140
1.764 0.698
2.115 1.552
0.970 0.595
MINING
1.650 1.120
PLANTATIONS
1.160 1.000
18.971 16.380
8.450 7.423
1.475 1.096
0.956 0.685
9.606 7.800
0.830 0.380
8.300 7.000
3.673 1.180
10.754 8.520
1.940 0.900
1.270 0.701
1.240 0.790
2.573 1.922
3.754 2.990
0.871 0.605
1.820 1.200
4.874 3.652
23.375 19.127
3.826 2.631
2.846 2.156
0.560 0.345
3.042 2.410
2.068 1.430
1.900 1.500
1.077 0.800
2.879 2.610
5.522 4.000
0.495 0.200
1.400 0.890
0.715 0.465
4.360 3.500
3.742 2.670
0.850 0.560
6.332 3.610
2.557 1.700
0.927 0.510
1.738 1.110
1.848 1.103
2.378 1.740
6.873 5.350
28.000 22.165
HOTELS
0.964 0.515
1.460 0.840
0.530 0.095
7.397 5.810
TECHNOLOGY
1.000 0.690
0.670 0.195
0.330 0.115
0.325 0.210
0.265 0.130
0.320 0.185
0.410 0.180
1.797 1.002
0.733 0.470
2.000 1.107
1.280 0.850
0.410 0.185
0.319 0.232
6.449 3.454
0.748 0.539
3.547 1.804
0.300 0.100
0.798 0.442
4.350 2.246
3.810
1.390
3.750
1.330
6139
5230
TAKAFUL
TUNEINS
3.780
1.370
-0.020
0.030
201.6
2000.8
1.000
1.895
20.78
14.44
3.97
2.95
3,083.9
1,029.9
0.800
0.875
0.400
0.200
1.180
—
0.790
0.960
2.020
1.600
2.040
0.620
1.590
0.280
1.450
0.870
—
0.755
0.500
0.870
—
0.455
—
1.230
0.550
1.920
2.710
0.535
2.030
2.620
1.960
0.360
0.870
0.235
0.050
0.935
1.580
0.425
1.390
1.500
0.280
—
1.330
0.755
2.330
—
0.560
0.615
0.300
—
2.090
0.355
0.165
1.150
0.965
0.330
2.200
2.950
1.650
1.960
1.610
0.345
1.520
2.120
0.225
—
0.770
—
0.485
2.980
0.165
0.945
—
3.200
0.805
3.520
0.770
0.280
6.620
0.060
1.290
0.120
0.790
0.090
1.620
0.905
1.160
1.900
1.260
—
1.790
0.635
0.790
0.850
0.400
0.195
1.050
—
0.780
0.935
1.960
1.580
2.030
0.600
1.540
0.270
1.410
0.800
—
0.730
0.490
0.820
—
0.450
—
1.170
0.470
1.880
2.700
0.515
2.020
2.600
1.910
0.355
0.830
0.225
0.045
0.930
1.500
0.420
1.360
1.430
0.270
—
1.300
0.735
2.250
—
0.550
0.600
0.285
—
2.060
0.340
0.155
1.080
0.965
0.320
2.140
2.950
1.600
1.950
1.590
0.310
1.520
2.090
0.220
—
0.750
—
0.470
2.980
0.155
0.920
—
3.140
0.775
3.460
0.745
0.275
6.620
0.055
1.220
0.115
0.735
0.080
1.560
0.890
1.060
1.850
1.220
—
1.770
0.625
1007
5959
1007PA
4057
6602
9814
3239
5738
6718
5049
5355
3484
3417
3557
8206
6076
8613
6815
6041
5020
9962
1147
2968
1503
7010
5062
5018
4251
5084
1597
5249
5175
1589
6769
3115
7323
5038
3174
8494
5789
3573
7617
8583
6181
5236
5182
5040
1694
8141
8141PA
6114
8893
6548
1651
9539
3913
5073
5827
5053
6661
1724
6912
1945
5075
2208
4596
5207
2224
4286
6017
4375
5213
1783
8664
3743
5211
1538
5158
2305
2259
5191
2429
7889
7079
5239
5401
5148
5200
2976
7003
3158
2577
AMPROP
A&M
AMPROP-PA
ASIAPAC
BCB
BERTAM
BJASSET
CHHB
CRESNDO
CVIEW
DAIMAN
DBHD
E&O
ECOFIRS
ECOWLD
ENCORP
ENRA
EUPE
FARLIM
GLOMAC
GMUTUAL
GOB
GPLUS
GUOCO
HOOVER
HUAYANG
HUNZPTY
IBHD
IBRACO
IGB
IOIPG
IVORY
IWCITY
JKGLAND
KBUNAI
KEN
KSL
L&G
LBICAP
LBS
LIENHOE
MAGNA
MAHSING
MALTON
MATRIX
MCT
MEDAINC
MENANG
MJPERAK
MJPERAK-PA
MKH
MKLAND
MPCORP
MRCB
MUH
MUIPROP
NAIM
OIB
OSK
OSKPROP
PARAMON
PASDEC
PJDEV
PLENITU
PTGTIN
SAPRES
SBCCORP
SDRED
SEAL
SHL
SMI
SNTORIA
SPB
SPSETIA
SUNSURIA
SUNWAY
SYMLIFE
TAGB
TAHPS
TALAMT
TAMBUN
TANCO
THRIVEN
TIGER
TITIJYA
TROP
UEMS
UOADEV
WINGTM
Y&G
YNHPROP
YTLLAND
0.795
0.875
0.400
0.195
1.180
0.610
0.790
0.960
1.970
1.580
2.030
0.600
1.590
0.280
1.450
0.825
1.920
0.755
0.500
0.855
0.430
0.455
1.050
1.190
0.550
1.880
2.700
0.525
2.020
2.620
1.920
0.360
0.840
0.235
0.050
0.935
1.580
0.425
1.370
1.500
0.270
0.940
1.330
0.740
2.260
1.180
0.560
0.615
0.285
0.220
2.070
0.350
0.165
1.090
0.965
0.330
2.150
2.950
1.620
1.950
1.610
0.345
1.520
2.100
0.220
0.795
0.755
0.905
0.480
2.980
0.160
0.945
4.650
3.160
0.785
3.510
0.755
0.280
6.620
0.060
1.290
0.120
0.790
0.085
1.620
0.900
1.080
1.900
1.250
1.400
1.790
0.635
UNCH
119.1
0.050
229.4
UNCH
0.4
0.005 1632.1
0.130
90
—
—
UNCH
207.1
-0.010
2
0.010
7
0.020
14.2
0.010
25
-0.020
37.1
0.040
374.5
-0.010
210.5
0.050 1332.3
0.005
107.7
—
—
0.005
7.3
0.010
5
0.025 1126.4
—
—
0.005
739
—
—
0.010
70.6
0.050
19.4
0.010
360.8
UNCH
17.1
UNCH
429.5
0.020
4
-0.050
4.3
0.010
979.5
UNCH
50
UNCH
211.1
0.010
467.5
UNCH
517
0.035
7.9
0.080 1686.5
0.010 1629.5
UNCH
283
0.070 1560.7
UNCH
22.7
—
—
0.030
906.1
0.005
252.3
-0.050
391.5
—
—
0.010
101.1
0.005
61.6
0.005
50
—
—
0.020
269
0.005
978.3
0.010
82.5
0.020 14410.8
0.025
2
0.010
342
UNCH
139.1
UNCH
10
UNCH
402.1
UNCH
364.4
0.030
317.2
0.020
100
0.010
28.6
0.010
16.3
-0.010
39.4
—
—
0.010
79.6
—
—
0.005
142.1
UNCH
17
-0.010
25.6
UNCH
152
—
—
0.010
705.2
-0.010
25.9
0.010
992.3
-0.005 1246.9
UNCH
438.4
0.020
1
0.005
3202
0.090 1038.6
0.010
327
0.055
438.4
-0.005
20109
-0.020
447
0.010
417.5
0.010 55539.6
0.050
247.1
UNCH
25.2
—
—
UNCH
129
0.010
223.2
0.829
0.932
0.000
0.147
0.000
—
0.875
1.020
3.069
2.594
3.289
0.380
1.920
0.198
2.716
1.045
—
0.725
0.510
1.083
—
0.758
—
1.070
0.355
2.133
2.302
2.532
2.016
2.710
0.000
0.609
1.257
0.262
0.076
1.480
2.051
0.373
1.240
1.661
0.325
—
2.198
0.882
3.220
—
0.794
0.655
0.515
—
2.646
0.366
0.377
1.373
0.000
0.172
3.622
2.410
1.608
1.350
1.536
0.444
1.269
2.699
0.300
—
1.217
—
0.519
2.150
0.174
0.618
—
2.873
0.830
2.648
1.086
0.299
5.530
0.066
1.411
0.160
1.210
0.219
1.555
1.341
2.305
1.990
2.342
—
1.727
0.952
6.27
10.39
—
0.53
7.28
8.53
12.15
—
3.66
4.18
16.45
—
12.44
32.94
76.32
—
23.08
7.16
—
7.11
5.60
1.81
7.89
4.22
8.93
4.49
24.98
6.73
7.17
16.58
7.64
9.11
—
7.30
—
5.80
3.79
2.61
6.18
10.59
—
6.06
8.68
7.51
5.35
—
—
2.72
86.36
—
9.92
7.94
—
6.33
2.19
—
4.18
13.37
7.58
3.82
10.84
37.91
7.87
3.70
—
4.98
7.59
4.95
—
6.87
—
14.43
15.60
14.21
23.79
7.33
6.26
10.81
13.15
—
5.46
—
17.95
—
7.06
4.69
10.19
8.00
6.05
8.40
30.60
25.81
3.77
1.71
5.00
1.54
—
—
2.53
—
6.09
15.19
2.46
—
1.72
—
—
—
—
1.99
10.00
5.44
4.65
—
—
1.68
—
6.91
—
2.88
6.23
1.91
3.13
—
—
0.85
—
3.21
6.33
4.71
3.65
2.17
—
5.32
4.89
—
6.58
1.69
—
—
—
2.27
3.86
2.86
—
2.29
—
—
1.63
4.07
4.63
5.13
4.66
—
4.28
—
—
3.14
2.12
3.31
—
8.39
—
2.12
2.58
3.07
—
3.13
6.62
3.57
4.83
—
7.52
—
—
—
2.47
6.86
2.78
6.84
3.74
6.25
—
—
474.7
319.4
118.7
193.6
243.4
126.1
879.3
264.7
450.1
158.0
430.7
185.6
2,003.1
204.4
3,428.2
229.9
261.5
96.6
70.2
622.3
161.5
206.9
154.2
833.5
22.0
496.3
673.9
519.4
358.1
3,575.8
7,255.4
160.4
562.6
178.2
288.8
179.3
1,560.1
461.1
100.3
826.0
97.7
312.9
3,204.5
331.8
1,243.7
1,575.0
275.8
164.3
56.3
20.1
868.2
422.5
47.5
1,947.4
54.4
252.1
537.5
267.1
2,268.8
645.2
679.8
71.1
803.2
801.2
76.1
111.0
177.3
385.6
106.3
721.5
33.6
457.5
1,597.8
8,305.2
577.4
6,231.6
234.1
1,490.1
495.5
253.2
547.0
40.2
198.4
68.8
583.2
1,302.7
4,900.4
2,889.5
608.2
279.1
790.2
536.2
1.230
1.220
2186
KUCHAI
—
—
17.300 17.280
8.090
8.000
1.340
1.320
0.740
0.720
8.180
8.180
0.440
0.430
7.350
7.350
1.800
1.580
10.000
9.750
1.480
1.430
—
—
0.860
0.840
2.090
2.020
3.200
3.000
—
—
1.410
1.390
4.080
4.020
22.020 21.520
3.180
3.180
2.480
2.440
0.380
0.370
2.910
2.870
1.500
1.500
—
—
0.880
0.850
—
—
4.200
4.200
0.240
0.220
—
—
0.515
0.495
—
—
—
—
0.590
0.590
3.990
3.800
1.780
1.780
0.630
0.590
1.230
1.200
1.430
1.390
1.850
1.770
5.550
5.550
26.780 26.200
7054
1899
5069
5254
8982
1929
3948
5029
5222
2291
7382
2135
7501
5138
2216
2607
6262
1961
2445
2453
5027
1996
2003
6572
4936
5026
5047
2038
1902
9695
5113
2542
2569
4316
5126
5135
2054
5112
5251
9059
2593
2089
AASIA
BKAWAN
BLDPLNT
BPLANT
CEPAT
CHINTEK
DUTALND
FAREAST
FGV
GENP
GLBHD
GOPENG
HARNLEN
HSPLANT
IJMPLNT
INCKEN
INNO
IOICORP
KLK
KLUANG
KMLOONG
KRETAM
KULIM
KWANTAS
MALPAC
MHC
NPC
NSOP
PINEPAC
PLS
RSAWIT
RVIEW
SBAGAN
SHCHAN
SOP
SWKPLNT
TDM
THPLANT
TMAKMUR
TSH
UMCCA
UTDPLT
1.000
17.300
8.000
1.320
0.730
8.180
0.440
7.350
1.610
9.900
1.480
1.060
0.840
2.090
3.200
0.700
1.410
4.060
22.000
3.180
2.480
0.375
2.900
1.500
1.580
0.850
2.800
4.200
0.220
0.890
0.500
3.510
3.050
0.590
3.990
1.780
0.590
1.230
1.430
1.810
5.550
26.700
1.226
2.54
—
152.2
—
—
19.530 15.35
0.000 30.90
0.000 28.70
0.938 16.11
0.000 24.11
0.485
7.68
0.000 14.42
4.456 49.39
10.947 25.38
1.050
—
— 20.04
1.336
—
2.617 17.20
3.367 31.37
—
—
1.410 35.25
5.619 152.63
24.513 27.42
0.000 41.57
2.598 12.47
3.488
—
3.678 57.09
0.000
—
—
—
1.055 18.52
— 33.33
0.000
—
0.343
—
—
—
0.811
—
— 28.79
— 34.74
0.831
—
6.100 24.58
2.550 11.72
0.981 26.58
1.861 31.70
0.000
7.57
2.804 48.92
1.000 24.38
26.600 20.15
2.00
3.47
0.50
—
2.74
1.96
—
4.08
6.21
0.66
0.68
2.83
9.52
3.83
1.88
1.56
—
2.22
2.50
0.31
5.24
—
3.28
3.33
—
2.35
0.36
1.67
—
—
—
2.85
—
—
1.25
5.06
2.54
1.63
10.49
1.38
2.88
1.50
120.0
7,542.0
748.0
2,112.0
232.5
747.4
372.3
1,039.2
5,873.5
7,680.5
329.9
190.1
155.8
1,672.0
2,817.9
294.5
269.6
26,227.3
23,485.1
200.9
773.3
703.1
3,896.5
467.5
118.5
167.1
336.0
294.8
33.0
290.8
709.2
227.6
202.3
67.9
1,755.5
498.4
874.2
1,087.1
569.4
2,453.9
1,161.1
5,557.2
1.230
0.030
19
—
—
UNCH
4.3
0.200
40
UNCH
202.4
0.005
31.4
0.010
0.9
UNCH
38
0.050
7
-0.030 83103.3
0.150
132.9
0.060
97.5
—
—
-0.010
59.2
0.060
39.2
0.140
217
—
—
UNCH
9
0.040 4327.5
UNCH
744.8
-0.020
5
0.040
39.5
-0.005
332.1
UNCH 1188.5
UNCH
2
—
—
-0.035
10.4
—
—
UNCH
3.2
-0.020
6.4
—
—
UNCH
981.5
—
—
—
—
0.010
19.5
0.170
7.1
-0.020
1
UNCH
804.6
0.020
42.1
UNCH
142.2
-0.010
237.1
0.040
6.6
0.500
7
0.650
1.060
0.265
6.300
0.620
1.010
0.255
6.130
5592
1643
1287
5517
GCE
LANDMRK
PMHLDG
SHANG
0.620
1.040
0.265
6.300
-0.030
0.020
UNCH
0.160
8
238
283
31.1
0.927
1.097
0.065
6.645
—
—
—
36.84
3.23
—
—
1.90
122.1
500.0
246.1
2,772.0
—
0.255
0.140
0.280
0.165
0.210
0.245
1.450
0.620
1.570
1.020
0.245
0.270
6.120
0.600
3.350
—
0.685
3.930
—
0.245
0.130
0.280
0.160
0.200
0.235
1.430
0.615
1.520
0.970
0.230
0.260
6.040
0.600
3.320
—
0.670
3.750
7031
5195
0051
7204
8338
0029
4456
5162
0065
0090
0021
0082
0056
7022
5028
0166
9393
5161
9334
AMTEL
CENSOF
CUSCAPI
D&O
DATAPRP
DIGISTA
DNEX
ECS
EFORCE
ELSOFT
GHLSYS
GPACKET
GRANFLO
GTRONIC
HTPADU
INARI
ITRONIC
JCY
KESM
0.900
0.245
0.135
0.280
0.160
0.210
0.235
1.430
0.620
1.560
0.990
0.240
0.265
6.080
0.600
3.340
0.100
0.675
3.850
—
UNCH
UNCH
UNCH
0.005
0.005
-0.005
UNCH
UNCH
0.060
UNCH
UNCH
-0.005
0.050
UNCH
0.020
—
UNCH
0.070
—
493.9
279
65
260
92.4
2207.5
29.2
163
413.2
1152.8
1299
132.5
463.3
15
1711.2
—
1619.1
16.9
—
0.579
0.378
0.310
0.255
0.230
0.264
1.201
0.509
0.652
0.796
0.462
0.276
3.122
0.718
1.542
—
0.574
2.047
65.69
14.00
—
44.44
—
—
17.03
7.50
15.20
15.22
76.15
1.53
10.82
25.08
33.71
14.00
—
8.56
12.49
—
—
—
—
—
—
—
4.20
3.23
4.49
—
—
3.77
1.48
3.33
2.37
—
7.04
0.78
44.3
119.2
58.8
273.9
61.3
97.3
182.2
257.4
128.2
282.6
642.4
165.7
128.0
1,711.7
60.7
2,439.4
10.3
1,392.3
165.6
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
0.250 0.045 0.215
0.180
7.250 4.022 6.680
6.630
1.890 1.000 1.080
1.000
0.595 0.340 0.420
0.410
0.765 0.446 0.515
0.505
0.425 0.280 0.295
0.295
0.915 0.315 0.750
0.735
0.480 0.200 0.270
0.270
0.135 0.045 0.070
0.060
2.598 1.147 1.930
1.900
3.805 2.009 2.920
2.810
0.960 0.606 0.705
0.700
INFRASTRUCTURE PROJECT COMPANIES
6.419 4.860 5.620
5.390
5.100 3.206 5.100
4.970
3.740 2.290 2.640
2.570
0.940 0.350 0.425
0.405
6.970 4.130 6.520
6.190
1.670 1.440 1.620
1.590
CLOSED-END FUNDS
2.450 2.100 2.250
2.220
EXCHANGE TRADED FUNDS
1.084 1.030
—
—
1.890 1.630
—
—
1.575 1.010
—
—
1.910 1.580 1.690
1.690
1.005 0.925 0.987
0.987
1.195 0.990 1.100
1.090
1.065 0.940 0.985
0.985
REITS
1.168 0.910
—
—
1.387 1.200 1.340
1.320
0.938 0.730 0.790
0.785
0.893 0.723 0.840
0.835
1.167 1.010 1.080
1.060
1.812 1.565 1.700
1.670
1.545 1.240 1.410
1.400
1.519 1.337 1.490
1.490
1.340 1.141 1.300
1.280
7.305 6.039 7.130
7.030
1.227 0.995 1.130
1.130
1.580 1.255 1.530
1.500
1.694 1.342 1.540
1.520
1.258 1.080 1.180
1.180
1.634 1.253 1.530
1.530
1.050 0.883 1.040
1.010
SPAC
0.690 0.605 0.665
0.665
0.670 0.565 0.610
0.600
0.500 0.390 0.440
0.430
CODE
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0143
3867
5011
0083
9008
0041
7160
9075
0118
5005
0097
0008
KEYASIC
MPI
MSNIAGA
NOTION
OMESTI
PANPAGE
PENTA
THETA
TRIVE
UNISEM
VITROX
WILLOW
0.180
6.630
1.080
0.420
0.505
0.295
0.735
0.270
0.065
1.910
2.850
0.705
-0.030 2750.6
-0.030
44.1
0.070
5
0.005
389.1
UNCH
85.1
UNCH
50
-0.005 1474.8
UNCH
10
-0.005 12925.5
-0.010 1279.1
0.070
116.6
0.005
227
0.000
3.211
2.180
0.678
0.784
0.350
0.213
0.000
0.070
0.871
1.148
0.672
—
11.61
—
—
—
—
10.87
—
—
12.53
14.94
10.11
—
3.02
—
—
—
—
—
—
—
3.66
0.88
2.84
144.9
1,391.5
65.2
113.6
195.9
71.2
97.9
29.0
64.9
1,401.6
665.2
174.8
6947
6645
6807
5078
5031
6742
DIGI
LITRAK
PUNCAK
SILKHLD
TIMECOM
YTLPOWR
5.500
4.970
2.590
0.410
6.500
1.600
-0.080
-0.020
-0.040
-0.015
0.120
-0.020
9884
292.5
1239.4
145
139.9
3264.2
4.873
4.200
3.375
0.385
3.903
1.947
21.49
17.52
—
—
7.89
12.35
4.62
5.03
—
—
0.86
6.25
42,762.5
2,588.4
1,082.7
287.6
3,741.4
11,891.6
5108
ICAP
2.230
-0.010
30.1
2.360
29.77
—
312.2
0800EA
0822EA
0823EA
0820EA
0825EA
0821EA
0824EA
ABFMY1
CIMBA40
CIMBC50
FBMKLCI-EA
METFSID
MYETFDJ
MYETFID
1.035
1.660
1.320
1.690
0.987
1.090
0.985
—
—
—
0.060
0.002
0.015
UNCH
—
—
—
1
5
20.2
1
—
—
—
0.000
0.000
1.168
0.000
—
—
—
—
—
—
—
5.49
3.77
—
1.69
—
3.03
2.28
712.0
2.2
18.0
2.8
21.7
274.6
21.3
4952
5116
5120
5127
5130
5106
5180
5121
5227
5235SS
5123
5212
5176
5111
5110
5109
AHP
ALAQAR
AMFIRST
ARREIT
ATRIUM
AXREIT
CMMT
HEKTAR
IGBREIT
KLCC
MQREIT
PAVREIT
SUNREIT
TWRREIT
UOAREIT
YTLREIT
1.000
1.340
0.785
0.835
1.060
1.700
1.400
1.490
1.280
7.040
1.130
1.510
1.530
1.180
1.530
1.030
—
0.010
UNCH
UNCH
-0.010
0.050
UNCH
0.010
-0.020
-0.040
0.010
-0.020
UNCH
UNCH
UNCH
0.010
—
19.3
106.1
190.5
23
1556.1
708.2
5
712.9
460.3
87.5
770.6
5801.2
5
1
1287.6
—
1.330
1.019
1.030
0.000
3.340
1.427
1.520
1.216
5.970
1.180
1.300
1.264
1.509
0.000
1.033
38.76
12.91
15.54
4.46
7.64
14.05
11.29
11.61
13.06
13.22
10.55
8.78
8.27
7.13
13.12
14.37
7.20
5.75
7.04
7.77
8.77
5.16
6.42
7.05
6.54
4.78
7.42
5.44
5.71
5.42
7.22
7.74
100.0
932.9
538.8
478.6
129.1
1,862.4
2,834.7
596.9
4,436.0
12,709.5
747.4
4,556.9
4,498.3
331.0
647.0
1,364.1
CLIQ
REACH
SONA
0.665
0.605
0.435
-0.005
Unch
Unch
65
1164.4
9519.2
0.675
0.000
0.440
—
—
—
—
—
—
419.6
773.1
613.7
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
40
358.6
767.3
2977.5
839
680
597.4
563.7
206
1084
110.4
697.1
836.3
140
1040
226.1
—
538.8
—
0.000
0.128
0.315
0.149
0.000
0.082
0.000
0.140
0.214
0.305
0.196
0.146
0.180
0.122
0.080
0.000
—
0.470
—
62.23
—
34.50
—
10.17
—
10.66
—
—
25.61
—
—
12.45
63.16
14.44
33.33
—
—
37.50
1.28
—
0.38
—
—
—
0.76
—
—
4.76
—
—
1.79
—
—
—
—
—
—
51.4
32.5
161.0
50.8
62.7
32.0
134.3
26.7
21.0
113.9
31.5
26.6
74.7
18.0
74.4
24.3
88.9
43.1
30.8
5234
5256
5241
Ace Market
YEAR
HIGH
YEAR
LOW
DAY
HIGH
INDUSTRIAL PRODUCTS
0.790 0.210 0.595
0.150 0.070 0.080
0.590 0.252 0.455
0.320 0.135 0.240
0.370 0.145 0.310
0.093 0.040 0.040
0.530 0.243 0.440
0.185 0.070 0.080
0.515 0.110 0.160
0.235 0.085 0.105
0.275 0.120 0.135
0.180 0.070 0.105
0.435 0.235 0.340
0.180 0.105 0.125
0.150 0.055 0.070
0.180 0.085 0.105
0.320 0.120
—
0.415 0.145 0.220
0.250 0.150
—
TECHNOLOGY
0.290 0.130 0.175
1.600 0.300 0.480
0.015 0.005
—
1.160 0.800 0.890
0.395 0.165
—
0.120 0.015 0.065
0.150 0.055 0.055
0.145 0.050 0.065
0.142 0.060 0.070
0.430 0.190 0.285
0.145 0.050 0.065
0.260 0.110 0.165
0.070 0.030 0.040
0.195 0.085 0.110
0.155 0.069 0.120
1.854 0.372 0.845
0.095 0.045 0.075
0.230 0.085 0.145
0.219 0.100 0.115
0.430 0.165 0.215
0.700 0.443
—
0.565 0.120 0.415
0.670 0.180 0.240
0.085 0.040 0.045
0.415 0.100 0.170
0.265 0.105
—
0.160 0.050
—
0.660 0.360
—
1.950 0.500 1.030
0.469 0.290 0.330
0.115 0.070 0.085
0.877 0.368 0.685
0.380 0.180 0.190
0.365 0.175 0.230
0.265 0.080 0.085
0.931 0.606 0.650
0.090 0.025 0.040
0.150 0.055 0.080
0.250 0.095 0.115
0.420 0.120 0.245
1.307 0.488 0.800
0.460 0.262 0.365
0.060 0.030
—
0.430 0.100 0.260
0.192 0.075 0.085
0.530 0.288 0.460
0.165 0.030 0.060
0.660 0.395 0.510
0.930 0.170 0.230
0.175 0.065 0.110
0.388 0.163 0.330
0.235 0.090 0.120
0.397 0.104 0.235
0.260 0.100 0.110
0.160 0.080 0.120
0.425 0.140 0.165
0.460 0.080 0.085
0.425 0.055 0.245
0.490 0.110 0.150
0.656 0.485 0.560
TRADING SERVICES
0.280 0.180 0.220
0.200 0.095 0.120
0.260 0.050 0.055
0.344 0.186
—
0.338 0.205 0.270
0.750 0.350 0.390
0.380 0.280
—
0.275 0.100
—
0.240 0.150 0.170
0.385 0.120 0.165
0.405 0.270
—
0.330 0.136 0.200
0.055 0.005 0.010
0.240 0.130
—
0.900 0.575 0.650
1.390 0.480
—
2.670 1.105 1.790
0.310 0.192 0.225
0.560 0.325 0.380
0.900 0.450 0.900
0.255 0.100
—
0.060 0.030
—
0.110 0.045 0.080
FINANCE
0.730 0.390 0.520
DAY
LOW
CODE
COUNTER
0.575
0.075
0.445
0.230
0.300
0.040
0.425
0.075
0.155
0.100
0.130
0.105
0.330
0.115
0.065
0.100
—
0.200
—
0105
0072
0163
0102
0100
0109
0175
0160
0162
0024
0025
0070
0049
0038
0133
0001
0028
0055
0084
ASIAPLY
AT
CAREPLS
CONNECT
ESCERAM
FLONIC
HHGROUP
HHHCORP
IJACOBS
JAG
LNGRES
MQTECH
OCNCASH
PTB
SANICHI
SCOMNET
SCOPE
SERSOL
TECFAST
0.585
0.075
0.445
0.235
0.305
0.040
0.435
0.080
0.155
0.105
0.130
0.105
0.335
0.120
0.065
0.100
0.160
0.200
0.180
-0.010
-0.005
0.005
Unch
-0.005
-0.005
0.010
Unch
-0.005
0.005
-0.010
-0.005
-0.005
Unch
Unch
-0.005
—
-0.005
—
0.170
0.450
—
0.880
—
0.055
0.055
0.065
0.065
0.270
0.060
0.155
0.040
0.105
0.110
0.795
0.060
0.135
0.110
0.205
—
0.385
0.220
0.045
0.160
—
—
—
0.980
0.315
0.085
0.655
0.185
0.220
0.085
0.650
0.040
0.075
0.110
0.245
0.660
0.355
—
0.235
0.080
0.445
0.055
0.500
0.225
0.100
0.320
0.115
0.220
0.105
0.115
0.155
0.080
0.235
0.140
0.555
0119
0068
0039
0098
0079
0022
0152
0131
0154
0107
0116
0104
0045
0074
0174
0023
0034
0094
0069
0010
0146
0127
0111
0036
0176
0017
0075
0155
0126
0112
0085
0113
0103
0156
0092
0108
0020
0096
0026
0018
0035
0040
0005
0123
0007
0106
0135
0178
0117
0169
0093
0129
0050
0132
0060
0120
0066
0141
0086
0009
APPASIA
ASDION
ASIAEP
BAHVEST
CWORKS
CYBERT
DGB
DGSB
EAH
EDUSPEC
FOCUS
GENETEC
GNB
GOCEAN
IDMENSN
IFCAMSC
INGENCO
INIX
INSTACO
IRIS
JFTECH
JHM
K1
KGROUP
KRONO
M3TECH
MEXTER
MGRC
MICROLN
MIKROMB
MLAB
MMSV
MNC
MPAY
MTOUCHE
N2N
NETX
NEXGRAM
NOVAMSC
OMEDIA
OPCOM
OPENSYS
PALETTE
PRIVA
PUC
REXIT
SCN
SEDANIA
SMRT
SMTRACK
SOLUTN
SRIDGE
SYSTECH
TDEX
TMS
VIS
VSOLAR
WINTONI
YGL
YTLE
0.175
0.460
0.010
0.880
0.190
0.060
0.055
0.065
0.065
0.275
0.060
0.155
0.040
0.110
0.110
0.805
0.065
0.140
0.110
0.210
0.635
0.390
0.225
0.045
0.165
0.120
0.065
0.510
1.020
0.315
0.085
0.655
0.190
0.225
0.085
0.650
0.040
0.075
0.110
0.245
0.795
0.355
0.040
0.260
0.085
0.445
0.055
0.500
0.225
0.110
0.320
0.120
0.225
0.110
0.120
0.160
0.080
0.245
0.140
0.560
-0.005
412.6
Unch
20
—
—
Unch
58.4
—
—
-0.005 3034.9
Unch
218
Unch
723.2
Unch
1310
0.005 1434.3
Unch 2450.1
-0.005 1080.6
Unch
219
Unch
130.1
-0.010 13883.1
-0.025 27660.2
Unch 137633.1
0.005
153
Unch 1422.7
Unch 5707.8
—
—
-0.015 1786.4
-0.010 5809.8
Unch
10
-0.005
822.8
—
—
—
—
—
—
-0.040
110.2
-0.015
410.7
Unch
10.3
-0.020 1225.7
-0.005
272.2
-0.005 3454.9
-0.005
114
-0.070
15
Unch
169
-0.005 6025.7
-0.005 1164.7
0.005
148.5
0.130
2575
Unch 1237.4
—
—
0.010 14673.5
Unch 2634.7
-0.005
261
-0.005
480
-0.010
157
-0.010
331
Unch
340.2
Unch
769.3
0.005
16.1
-0.010 1592.3
0.005
203.1
Unch 35480.8
-0.005
581.5
-0.005
853.5
Unch 1032.2
-0.010
457.7
0.005
256.7
0.111
—
0.460
—
—
—
1.193
—
—
—
0.070
6.32
0.216
—
0.073 16.25
0.208 26.00
0.126 36.67
0.075
—
0.130
6.40
0.060
3.42
0.169
—
0.123
—
0.085 12.16
0.079
—
0.146
—
0.262
—
0.275
—
— 26.24
0.000 19.70
0.327
9.49
0.066
—
0.000
2.74
—
—
—
—
— 13.21
0.000 24.34
0.260 10.86
0.000
—
0.203
9.15
0.335 24.36
0.115 140.63
0.187
—
0.496 32.66
0.070
—
0.088 16.30
0.070 50.00
0.000
—
0.745 20.60
0.170 11.56
—
—
0.100 22.61
0.221 11.18
0.402 15.14
0.000
—
0.000 16.13
0.224 250.00
0.100
—
0.322 12.65
0.000
—
0.105 26.16
0.121
—
0.066
—
0.585 12.60
0.000
—
0.060 27.22
0.000
—
0.630 21.05
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.24
—
—
—
—
1.18
—
2.22
—
—
—
—
—
2.94
1.59
—
3.05
—
—
—
1.54
—
—
—
—
2.52
2.82
—
0.96
—
3.37
—
—
—
—
3.13
—
2.67
—
—
—
—
—
—
7.14
49.2
53.5
8.1
374.5
23.0
6.0
26.9
88.1
96.9
232.6
42.3
54.5
11.6
29.0
54.4
450.0
62.0
19.5
143.1
428.5
80.0
48.0
97.4
26.1
39.1
22.3
12.8
48.0
155.2
88.8
15.9
106.8
17.9
159.9
19.7
286.1
25.0
141.2
54.8
52.3
128.2
79.3
11.6
145.1
90.6
84.3
11.0
100.0
58.6
31.2
63.9
14.5
71.4
41.3
52.2
17.7
24.3
125.7
24.6
756.0
0.220
0.110
0.055
—
0.205
0.380
—
—
0.160
0.160
—
0.195
0.010
—
0.620
—
1.790
0.215
0.370
0.825
—
—
0.075
0122
0048
0150
0011
0157
0081
0147
0167
0153
0177
0006
0171
0110
0080
0032
0173
0158
0161
0137
0089
0145
0140
0165
AIM
ANCOMLB
ASIABIO
BTECH
FOCUSP
IDEAL
INNITY
MCLEAN
OVERSEA
PASUKGB
PINEAPP
PLABS
RA
RAYA
REDTONE
REV
SCC
SCH
STEMLFE
TEXCYCL
TFP
UTOPIA
XOX
0.220
0.120
0.055
0.230
0.270
0.380
0.300
0.210
0.160
0.160
0.280
0.195
0.010
0.190
0.650
0.590
1.790
0.215
0.370
0.890
0.150
0.035
0.080
-0.020
0.010
Unch
—
0.040
-0.005
—
—
0.010
-0.005
—
-0.005
Unch
—
0.010
—
0.030
-0.005
0.010
0.070
—
—
Unch
5
28.4
1488.4
—
0.4
222
—
—
53.3
468.3
—
790
42
—
183
—
1
623.5
316
1990.5
—
—
1234.1
0.000 110.00
0.190
—
0.103
—
— 14.20
0.285 54.00
0.078 13.33
— 65.22
—
—
0.125 66.67
0.165
—
— 34.15
0.150 11.08
0.050
—
—
—
0.695 28.63
—
—
1.000 11.36
0.000 10.64
0.399
—
0.466 28.16
—
—
—
—
0.164 32.00
—
—
—
2.74
3.70
—
—
—
3.75
—
—
2.56
—
—
—
—
2.79
6.98
8.11
0.28
—
—
—
58.5
56.8
47.7
58.0
44.6
70.5
41.5
24.7
39.2
47.2
13.6
40.3
9.7
24.8
492.0
79.4
76.5
88.6
91.6
152.0
30.8
34.6
26.6
0.460
0053
OSKVI
0.490
-0.010
131.5
0.536
4.08
96.5
—
36 Markets
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I E S
Bursa Malaysia Equity Derivatives
Main Market & Ace Market Warrants
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
0.075
0.070
0.515
0.110
0.150
0.115
0.100
0.150
0.065
0.250
0.240
0.180
0.110
0.100
0.040
0.095
0.145
0.110
0.110
0.065
0.080
0.100
0.145
0.115
0.665
0.310
0.155
0.080
0.140
0.045
0.275
0.210
0.860
0.285
0.330
0.860
0.038
0.237
0.720
0.450
0.450
0.200
0.145
0.185
0.280
0.305
0.115
1.950
0.405
0.180
0.580
0.035
0.360
0.040
0.675
0.140
0.170
0.305
0.195
0.220
0.095
0.080
0.235
0.550
0.071
0.086
0.220
0.120
0.850
0.135
0.325
0.350
0.055
0.715
0.669
0.680
0.545
0.680
0.230
0.240
0.860
0.435
0.120
0.195
0.340
0.255
0.350
0.135
0.850
0.140
0.730
0.670
0.225
0.970
1.180
0.080
0.215
0.045
0.735
0.690
0.360
1.060
1.320
0.410
0.380
0.635
0.290
0.285
1.610
0.575
0.575
0.920
0.530
0.595
0.770
0.680
0.920
0.590
0.640
0.625
1.100
0.885
0.725
0.275
0.070
0.200
0.150
0.125
0.335
0.053
0.135
0.210
0.695
0.100
2.960
0.175
0.090
2.950
0.230
0.135
0.219
0.120
0.140
0.290
0.310
0.250
3.900
0.190
0.150
0.950
1.000
0.370
0.865
0.715
1.030
2.130
0.025
0.555
0.005
0.035
0.175
0.005
0.060
0.005
0.005
0.015
0.015
0.090
0.085
0.100
0.010
0.010
0.005
0.035
0.055
0.060
0.020
0.025
0.030
0.025
0.070
0.025
0.290
0.090
0.020
0.005
0.010
0.035
0.095
0.025
0.305
0.035
0.060
0.410
0.013
0.070
0.255
0.085
0.095
0.025
0.005
0.060
0.040
0.085
0.100
0.140
0.160
0.070
0.005
0.010
0.150
0.020
0.255
0.020
0.045
0.275
0.005
0.035
0.015
0.020
0.100
0.160
0.020
0.025
0.080
0.015
0.305
0.035
0.105
0.115
0.020
0.040
0.300
0.140
0.100
0.420
0.140
0.130
0.695
0.060
0.035
0.060
0.075
0.055
0.120
0.045
0.540
0.005
0.005
0.005
0.040
0.005
0.030
0.010
0.010
0.010
0.160
0.305
0.250
0.675
0.930
0.245
0.145
0.465
0.210
0.280
0.470
0.050
0.040
0.165
0.080
0.085
0.200
0.160
0.370
0.100
0.075
0.085
0.480
0.355
0.295
0.005
0.005
0.025
0.025
0.035
0.105
0.015
0.015
0.165
0.130
0.020
1.500
0.025
0.075
0.530
0.125
0.020
0.060
0.010
0.010
0.050
0.200
0.145
1.960
0.050
0.005
0.625
0.370
0.160
0.365
0.240
0.850
1.500
0.005
0.170
0.010
0.050
0.230
0.015
0.080
0.005
0.005
0.070
0.030
0.235
0.225
0.110
0.065
0.020
0.005
0.045
0.075
0.105
0.025
0.030
0.040
0.030
0.085
0.085
0.355
0.165
0.025
0.015
0.020
0.040
0.110
0.035
0.450
0.130
0.160
0.450
0.020
0.160
0.310
0.115
0.125
0.060
0.005
0.085
0.170
0.140
0.115
0.170
0.185
0.125
0.010
0.025
0.180
0.020
0.405
0.065
0.065
0.305
0.005
0.125
0.020
0.035
0.165
0.205
0.030
0.030
0.125
0.050
0.430
0.060
0.170
0.320
0.030
0.065
0.375
0.355
0.275
0.680
0.230
0.200
0.860
0.180
0.075
0.085
0.185
0.250
0.285
0.080
0.850
0.005
0.005
0.005
0.055
0.025
0.110
0.035
0.020
0.035
0.455
0.420
0.325
0.715
0.950
0.255
0.185
0.490
0.210
0.285
1.040
0.300
0.285
0.320
0.320
0.320
0.470
0.380
0.505
0.245
0.255
0.300
0.740
0.605
0.450
0.040
0.045
0.045
0.150
0.125
0.130
0.015
0.055
0.210
0.185
0.045
2.000
0.030
0.090
0.930
0.150
0.030
0.090
0.010
0.015
0.290
0.305
0.210
3.900
0.190
0.060
0.910
0.550
0.255
0.535
0.325
1.000
1.800
0.005
0.225
0.010
0.050
0.230
0.010
0.075
0.005
0.005
0.060
0.020
0.215
0.195
0.105
0.060
0.020
0.005
0.040
0.070
0.105
0.025
0.030
0.040
0.030
0.075
0.085
0.340
0.145
0.025
0.010
0.010
0.040
0.105
0.035
0.425
0.115
0.140
0.430
0.015
0.150
0.300
0.105
0.110
0.035
0.005
0.075
0.155
0.100
0.100
0.170
0.170
0.125
0.005
0.025
0.170
0.020
0.385
0.055
0.065
0.275
0.005
0.120
0.020
0.030
0.165
0.185
0.030
0.030
0.100
0.040
0.420
0.055
0.155
0.305
0.030
0.065
0.345
0.330
0.240
0.665
0.230
0.165
0.860
0.170
0.065
0.075
0.155
0.210
0.225
0.070
0.810
0.005
0.005
0.005
0.050
0.020
0.090
0.030
0.015
0.035
0.410
0.380
0.295
0.675
0.930
0.245
0.145
0.465
0.210
0.280
1.010
0.240
0.225
0.250
0.265
0.265
0.440
0.350
0.460
0.220
0.210
0.245
0.670
0.575
0.420
0.010
0.025
0.025
0.100
0.090
0.130
0.015
0.045
0.190
0.160
0.045
2.000
0.030
0.090
0.880
0.150
0.030
0.090
0.010
0.015
0.285
0.300
0.200
3.890
0.050
0.060
0.870
0.540
0.250
0.500
0.300
1.000
1.800
0.005
0.225
5238CT
5238WA
7061WB
5185CS
7315WB
509919
509921
509922
509923
509924
509925
5099HB
5014CO
1015CV
0159WA
5194WA
52813
5210C7
0150WA
7070WB
0072WA
6888C2
6888C3
6888C4
5258WA
6998WA
5248CH
3395CU
3395CW
3395CY
3395WB
6025WA
7036WB
7188WA
7188WB
7174WA
5229WA
0163WA
7076WA
5195WA
5195WB
1023C3
1023C4
1023C6
2852CJ
2852CL
2852CN
5071WA
2127WA
0102WA
8591WB
5214WA
7212WA
0152WA
7277WA
6947C5
0029WB
7169WA
161911
5216CB
5216CC
5216CE
5216CF
3417WB
0154WB
0154WC
3557WC
8206CB
8206WA
1368CC
0107WA
0065WA
7182WA
6076WA
5056WA
7249WA
0650C1
65010
65011
65012
65013
0650C2
0650C3
0650C4
0650C5
0650C6
0650C7
0650C8
0650C9
0650CN
0650CO
0650CP
0650CR
0650CS
0650CT
0650CV
0650CX
0650CY
0650CZ
0650H1
65019
0650H2
0650H3
0650H4
0650H5
0650H6
0650H7
0650H8
0650HF
0650HG
0650HK
0650HM
0650HN
0650HO
0650HP
0650HQ
0650HT
0650HU
0650HV
0650HW
0650HX
0650HY
0650HZ
5222C2
5222C4
5222C5
5222C6
5222C7
9318WB
0109WA
539818
539821
5226WA
471510
2291WA
318223
318224
3182WA
1147WA
0074WA
7676WB
1503CA
7253WA
3034CK
3034CM
3034CN
3034WA
5168CO
9342WA
5095WB
5169WA
7213WB
65110
65111
65112
65114
7013WA
4251WA
WARRANTS
AAX-CT
AAX-WA
ABRIC-WB
AFFIN-CS
AHB-WB
AIRASIAC19
AIRASIAC21
AIRASIAC22
AIRASIAC23
AIRASIAC24
AIRASIAC25
AIRASIA-HB
AIRPORT-CO
AMBANK-CV
AMEDIA-WA
APFT-WA
APPLE-C13
ARMADA-C7
ASIABIO-WA
ASUPREM-WB
AT-WA
AXIATA-C2
AXIATA-C3
AXIATA-C4
BIMB-WA
BINTAI-WA
BJAUTO-CH
BJCORP-CU
BJCORP-CW
BJCORP-CY
BJCORP-WB
BJMEDIA-WA
BORNOIL-WB
BTM-WA
BTM-WB
CAB-WA
CAP-WA
CAREPLS-WA
CBIP-WA
CENSOF-WA
CENSOF-WB
CIMB-C3
CIMB-C4
CIMB-C6
CMSB-CJ
CMSB-CL
CMSB-CN
COASTAL-WA
COMFORT-WA
CONNECT-WA
CRESBLD-WB
CSL-WA
DESTINI-WA
DGB-WA
DIALOG-WA
DIGI-C5
DIGISTA-WB
DOMINAN-WA
DRBHCOMC11
DSONIC-CB
DSONIC-CC
DSONIC-CE
DSONIC-CF
E&O-WB
EAH-WB
EAH-WC
ECOFIRS-WC
ECOWLD-CB
ECOWLD-WA
EDGENTA-CC
EDUSPEC-WA
EFORCE-WA
EKA-WA
ENCORP-WA
ENGTEX-WA
EWEIN-WA
FBMKLCI-C1
FBMKLCI-C10
FBMKLCI-C11
FBMKLCI-C12
FBMKLCI-C13
FBMKLCI-C2
FBMKLCI-C3
FBMKLCI-C4
FBMKLCI-C5
FBMKLCI-C6
FBMKLCI-C7
FBMKLCI-C8
FBMKLCI-C9
FBMKLCI-CN
FBMKLCI-CO
FBMKLCI-CP
FBMKLCI-CR
FBMKLCI-CS
FBMKLCI-CT
FBMKLCI-CV
FBMKLCI-CX
FBMKLCI-CY
FBMKLCI-CZ
FBMKLCI-H1
FBMKLCI-H19
FBMKLCI-H2
FBMKLCI-H3
FBMKLCI-H4
FBMKLCI-H5
FBMKLCI-H6
FBMKLCI-H7
FBMKLCI-H8
FBMKLCI-HF
FBMKLCI-HG
FBMKLCI-HK
FBMKLCI-HM
FBMKLCI-HN
FBMKLCI-HO
FBMKLCI-HP
FBMKLCI-HQ
FBMKLCI-HT
FBMKLCI-HU
FBMKLCI-HV
FBMKLCI-HW
FBMKLCI-HX
FBMKLCI-HY
FBMKLCI-HZ
FGV-C2
FGV-C4
FGV-C5
FGV-C6
FGV-C7
FITTERS-WB
FLONIC-WA
GAMUDA-C18
GAMUDA-C21
GBGAQRS-WA
GENM-C10
GENP-WA
GENTINGC23
GENTINGC24
GENTING-WA
GOB-WA
GOCEAN-WA
GUNUNG-WB
GUOCO-CA
HANDAL-WA
HAPSENG-CK
HAPSENG-CM
HAPSENG-CN
HAPSENG-WA
HARTA-CO
HARVEST-WA
HEVEA-WB
HOHUP-WA
HOVID-WB
HSI-C10
HSI-C11
HSI-C12
HSI-C14
HUBLINE-WA
IBHD-WA
CLOSE
(RM)
+/(RM)
0.010
0.050
0.230
0.015
0.080
0.005
0.005
0.060
0.030
0.215
0.205
0.110
0.060
0.020
0.005
0.045
0.070
0.105
0.025
0.030
0.040
0.030
0.085
0.085
0.340
0.150
0.025
0.010
0.020
0.040
0.105
0.035
0.450
0.120
0.140
0.440
0.015
0.155
0.310
0.115
0.125
0.060
0.005
0.075
0.160
0.130
0.115
0.170
0.170
0.125
0.010
0.025
0.180
0.020
0.390
0.055
0.065
0.295
0.005
0.120
0.020
0.030
0.165
0.185
0.030
0.030
0.125
0.045
0.420
0.060
0.155
0.320
0.030
0.065
0.350
0.330
0.260
0.665
0.230
0.170
0.860
0.175
0.065
0.075
0.185
0.225
0.280
0.070
0.830
0.005
0.005
0.005
0.050
0.025
0.090
0.030
0.020
0.035
0.430
0.405
0.315
0.695
0.930
0.250
0.160
0.470
0.210
0.280
1.040
0.275
0.260
0.310
0.320
0.300
0.460
0.360
0.490
0.235
0.235
0.275
0.700
0.605
0.440
0.020
0.030
0.040
0.110
0.095
0.130
0.015
0.050
0.210
0.160
0.045
2.000
0.030
0.090
0.880
0.150
0.030
0.090
0.010
0.015
0.285
0.300
0.200
3.890
0.185
0.060
0.890
0.540
0.250
0.500
0.315
1.000
1.800
0.005
0.225
-0.020
Unch
Unch
0.005
Unch
Unch
-0.005
Unch
Unch
-0.015
-0.010
0.005
0.030
0.005
-0.005
0.005
Unch
0.005
0.005
-0.005
Unch
0.005
0.015
0.030
-0.015
-0.020
0.005
-0.005
-0.010
-0.005
-0.005
0.010
0.035
-0.010
-0.010
-0.010
Unch
0.010
0.010
0.005
0.005
Unch
-0.030
Unch
0.035
0.030
-0.035
0.015
-0.015
-0.005
0.005
-0.005
0.005
Unch
-0.015
-0.005
0.005
0.290
-0.045
Unch
-0.005
-0.005
-0.005
Unch
-0.005
-0.005
0.025
0.005
0.010
Unch
-0.005
0.005
Unch
Unch
-0.020
-0.050
0.020
0.010
0.015
-0.020
0.110
0.020
Unch
-0.005
0.035
0.005
0.065
0.005
0.020
-0.005
Unch
-0.010
Unch
0.010
Unch
-0.005
0.005
Unch
0.015
-0.005
0.010
-0.015
-0.020
-0.005
-0.010
-0.020
Unch
0.025
-0.020
0.005
0.010
-0.025
0.035
0.020
-0.025
-0.005
-0.020
-0.010
0.005
0.005
-0.030
-0.005
-0.030
0.005
Unch
0.015
-0.040
-0.020
-0.010
Unch
0.005
0.025
0.010
0.025
Unch
Unch
0.005
-0.015
-0.005
-0.015
0.005
Unch
Unch
0.010
0.030
-0.005
0.020
0.015
-0.005
0.010
0.065
-0.010
-0.040
-0.005
-0.020
-0.030
-0.005
-0.005
VOL PARENT
EXE
(‘000)
PRICE PRICE
20
108
9.8
405
61
200
88.6
442
200.1
49.4
4237.1
151
70
150
35
385
38.1
10
405
50
240
100
30
10
298.6
4093.5
250
980
260.2
188
742.5
70
109
1370.1
382.8
66.5
1414
849.8
18.1
166.2
100.1
516.7
62
4252
162
4975
160
0.1
92.3
0.9
121
3637.9
264.5
90
212
50
100
3011.9
920
1732
680
2300
60
325
50
60
14
298.4
686.3
3200
509.4
306.7
10
1.1
480
35
2231.9
16
20
55040.3
6
127.9
6996.1
4142.3
25
599.3
9296.6
7460
4792.9
752
900
85.3
919.3
372.8
505.8
789.5
1280
24
586.7
2039.8
478
18382
18
543.8
39209.9
2306
138.5
100
34
28127.9
74787.5
96.5
960
1288.8
812.9
336.7
6403.3
203.2
14619
8189.7
3129
1149.8
5799.8
3341.6
10591.3
1425.1
1630.2
59593.7
117
3
390
24.6
216.6
5
12.8
6668.3
100
1092.5
124.5
2.5
12.5
90
120
30.2
1.5
55
39
330.9
131.9
2204.4
1
414
2990
1147.4
13
0.2
50
48.6
0.190
0.190
0.520
2.440
0.170
1.220
1.220
1.220
1.220
1.220
1.220
1.220
5.580
4.760
0.025
0.220
496.95
0.905
0.055
0.125
0.075
6.140
6.140
6.140
4.030
0.260
2.050
0.360
0.360
0.360
0.360
0.440
0.575
0.280
0.280
0.980
0.130
0.445
1.800
0.245
0.245
4.910
4.910
4.910
5.200
5.200
5.200
1.900
0.680
0.235
1.050
0.115
0.585
0.055
1.600
5.500
0.210
1.190
1.310
1.210
1.210
1.210
1.210
1.590
0.065
0.065
0.280
1.450
1.450
3.300
0.275
0.620
0.145
0.825
1.070
0.705
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1,647
1.610
1.610
1.610
1.610
1.610
0.475
0.040
4.660
4.660
0.875
4.410
9.900
7.220
7.220
7.220
0.455
0.110
0.415
1.190
0.310
5.560
5.560
5.560
5.560
4.370
0.180
1.160
0.920
0.425
11,931
11,931
11,931
11,931
0.015
0.525
PR’M
(%)
0.402 116.71
0.460 168.42
0.300
1.92
2.750
14.55
0.200
64.71
2.500 106.56
2.300
89.75
1.650
45.08
1.800
53.69
1.050
12.50
1.200
18.52
1.050
-0.41
6.800
26.16
6.000
28.57
0.250 920.00
0.400 102.27
551.72
20.88
0.950
23.54
0.100 127.27
0.200
84.00
0.120 113.33
7.180
19.87
6.700
13.97
6.400
8.39
4.720
25.56
0.200
34.62
2.714
37.63
0.430
22.22
0.400
15.28
0.380
16.67
1.000 206.94
0.870 105.68
0.100
-4.35
0.940 278.57
0.200
21.43
0.550
1.02
1.509 1,073.0
0.320
6.74
2.400
50.56
0.460 134.69
0.460 138.78
6.000
27.09
6.000
22.81
5.400
16.85
4.050
-0.58
4.900
5.73
5.000
13.85
3.180
76.32
0.500
-1.47
0.100
-4.26
1.000
-3.81
1.150 921.74
0.400
-0.85
0.110 136.36
1.190
-1.25
6.200
16.23
0.260
54.76
1.300
34.03
1.800
38.17
1.250
18.18
1.250
8.60
1.450
27.77
1.000
9.92
2.600
75.16
0.120 130.77
0.100 100.00
0.300
51.79
1.680
23.62
2.080
72.41
3.900
26.36
0.180
21.82
0.680
61.29
0.200
58.62
1.000
29.09
0.830
10.28
0.610
33.33
1,740
8.80
1,720
12.50
1,600
4.12
1,520
-0.49
1,560
7.76
1,800
11.41
1,708
9.28
1,700
6.25
1,750
8.81
1,700
6.32
1,650
4.05
1,720
6.11
1,640
9.64
1,800
9.48
1,780
8.13
1,820
10.56
1,730
7.05
1,720
4.73
1,660
1.87
1,808
12.00
1,800
9.89
1,750
7.31
1,680
7.22
1,720
14.22
1,675
9.30
1,600
5.58
1,680
13.29
1,600
4.73
1,500
-2.13
1,520
-0.58
1,500
-3.86
1,575
2.39
1,840
24.34
1,800
20.42
1,735
15.85
1,680
5.76
1,788
22.20
1,808
24.39
1,850
26.28
1,800
20.21
1,660
6.73
1,688
13.95
1,658
12.13
1,700
14.35
1,750
15.94
1,700
11.58
1,650
6.27
2.400
52.80
2.300
50.31
2.100
36.15
1.500
13.66
1.550
19.29
1.000 137.89
0.050
62.50
4.600
6.22
4.300
8.50
1.300
66.86
4.300
1.59
7.750
-1.52
8.880
24.86
8.000
20.78
7.960
22.44
0.800 108.79
0.340 236.36
0.400
18.07
1.600
36.13
0.860 182.26
3.900
0.90
5.000
8.81
5.000
4.32
1.650
-0.36
7.480 105.03
0.250
72.22
0.250
-1.72
0.600
23.91
0.180
1.18
24,800 111.62
26,200 121.95
23,000 100.31
20,200
82.87
0.200 1,267.0
1.410 211.43
EXPIRY
DATE
01/10/2015
08/06/2020
07/04/2016
31/12/2015
28/08/2019
29/02/2016
19/02/2016
29/04/2016
29/01/2016
31/05/2016
07/03/2016
31/05/2016
30/06/2016
31/03/2016
02/01/2018
13/07/2018
29/02/2016
07/03/2016
19/04/2024
20/06/2018
29/01/2019
29/01/2016
29/01/2016
29/07/2016
04/12/2023
15/06/2020
10/03/2016
31/12/2015
09/12/2015
07/03/2016
22/04/2022
16/12/2016
28/02/2018
20/12/2019
23/10/2024
08/02/2020
29/12/2016
09/08/2016
06/11/2019
18/07/2017
07/10/2019
09/12/2015
12/10/2015
30/12/2015
30/10/2015
02/11/2015
08/06/2016
18/07/2016
18/12/2015
17/09/2021
21/10/2015
18/09/2017
03/10/2016
22/04/2018
10/02/2017
30/12/2015
04/04/2023
10/09/2020
15/12/2015
25/01/2016
01/10/2015
01/12/2015
19/02/2016
21/07/2019
24/02/2019
18/06/2019
10/09/2019
30/06/2016
26/03/2022
30/12/2015
24/12/2018
17/07/2019
22/01/2019
17/03/2016
25/10/2017
09/06/2017
30/12/2015
29/02/2016
29/02/2016
31/03/2016
31/03/2016
30/12/2015
30/06/2016
29/07/2016
31/01/2016
31/01/2016
31/01/2016
31/01/2016
29/02/2016
30/11/2015
30/09/2015
30/09/2015
29/01/2016
30/09/2015
30/09/2015
31/03/2016
07/12/2015
07/12/2015
30/12/2015
31/01/2016
17/03/2016
29/02/2016
29/02/2016
29/02/2016
31/03/2016
31/03/2016
17/03/2016
17/03/2016
30/09/2015
30/11/2015
29/01/2016
30/09/2015
31/03/2016
31/03/2016
07/12/2015
07/12/2015
30/12/2015
30/06/2016
30/06/2016
29/07/2016
31/01/2016
31/01/2016
31/01/2016
09/12/2015
31/03/2016
04/01/2016
29/07/2016
31/03/2016
12/10/2019
16/06/2017
29/01/2016
29/02/2016
20/07/2018
30/09/2015
17/06/2019
30/12/2015
08/06/2016
18/12/2018
24/12/2019
07/08/2019
02/10/2020
13/11/2015
05/04/2016
29/02/2016
29/01/2016
30/08/2016
09/08/2016
29/01/2016
19/11/2019
28/02/2020
21/12/2018
05/06/2018
26/02/2016
26/02/2016
30/03/2016
30/03/2016
04/11/2019
08/10/2019
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
0.655
1.760
0.035
0.170
3.200
1.640
0.050
0.425
0.115
0.095
0.090
0.395
0.325
0.145
0.240
0.155
0.290
0.430
0.360
0.240
0.195
0.180
1.840
0.420
0.185
0.260
0.500
0.313
0.240
0.745
1.690
0.135
0.950
0.615
0.795
0.075
0.070
0.075
0.300
0.416
0.300
0.130
0.130
0.450
0.045
0.045
0.275
0.155
0.185
0.060
0.130
0.210
1.650
0.100
0.270
0.130
0.405
0.660
0.140
0.780
0.445
1.950
0.120
0.255
0.085
0.225
0.285
0.350
0.255
0.145
0.160
0.160
0.075
0.045
0.070
0.160
1.840
0.470
0.140
0.190
0.240
1.140
0.085
0.165
0.120
0.115
0.130
1.050
0.120
2.624
0.070
0.155
0.130
0.120
0.150
0.150
2.690
0.220
0.070
0.145
0.710
0.320
0.115
0.160
0.195
0.135
0.305
0.210
1.050
0.710
0.270
1.090
0.170
0.355
0.355
1.260
0.225
0.300
0.165
0.185
0.250
0.475
0.205
1.950
0.135
0.125
0.200
0.285
1.200
0.300
1.220
0.285
0.235
0.165
0.160
0.200
0.050
0.610
0.560
0.290
0.615
0.035
0.155
0.110
0.085
0.180
0.035
0.450
0.145
0.245
0.150
0.165
0.190
0.390
0.400
0.280
0.385
1.820
0.070
0.090
0.060
0.135
0.535
0.305
0.245
0.285
0.005
0.050
1.567
1.020
0.010
0.150
0.015
0.030
0.015
0.150
0.020
0.035
0.075
0.050
0.120
0.025
0.150
0.030
0.115
0.135
0.487
0.135
0.015
0.090
0.260
0.065
0.090
0.380
0.550
0.015
0.280
0.260
0.300
0.055
0.025
0.025
0.240
0.145
0.100
0.020
0.005
0.135
0.020
0.015
0.005
0.050
0.015
0.010
0.115
0.160
0.390
0.010
0.130
0.050
0.150
0.175
0.020
0.217
0.235
0.500
0.005
0.020
0.070
0.020
0.075
0.040
0.070
0.055
0.035
0.075
0.030
0.015
0.030
0.050
0.800
0.280
0.045
0.115
0.130
0.395
0.015
0.015
0.060
0.035
0.055
0.495
0.010
0.705
0.015
0.015
0.045
0.065
0.065
0.070
1.300
0.030
0.020
0.005
0.085
0.085
0.010
0.025
0.135
0.100
0.145
0.170
0.180
0.060
0.045
0.620
0.065
0.055
0.045
0.690
0.050
0.100
0.005
0.050
0.115
0.200
0.015
0.480
0.005
0.030
0.045
0.205
0.360
0.025
0.600
0.150
0.025
0.030
0.115
0.105
0.015
0.140
0.130
0.160
0.195
0.005
0.015
0.005
0.030
0.045
0.015
0.140
0.040
0.035
0.005
0.025
0.010
0.025
0.100
0.130
0.040
0.650
0.015
0.035
0.015
0.030
0.360
0.110
0.290
0.735
0.035
0.085
2.960
1.320
0.015
0.210
0.015
0.065
0.025
0.190
0.075
0.050
0.100
0.080
0.170
0.040
0.225
0.120
0.120
0.140
1.430
0.200
0.020
0.100
0.355
0.095
0.135
0.540
0.735
0.050
0.720
0.310
0.450
0.075
0.035
0.035
0.260
0.180
0.145
0.090
0.025
0.180
0.040
0.020
0.020
0.070
0.020
0.020
0.130
0.210
0.680
0.010
0.155
0.070
0.195
0.190
0.065
0.440
0.435
0.600
0.010
0.110
0.085
0.225
0.120
0.230
0.110
0.090
0.060
0.100
0.035
0.020
0.040
0.095
0.990
0.325
0.070
0.190
0.150
0.760
0.025
0.130
0.085
0.040
0.070
0.550
0.035
1.050
0.020
0.040
0.055
0.080
0.080
0.095
1.620
0.065
0.025
0.005
0.145
0.140
0.020
0.060
0.195
0.135
0.285
0.170
0.860
0.115
0.095
0.715
0.085
0.100
0.095
0.985
0.055
0.110
0.005
0.065
0.165
0.230
0.015
0.700
0.010
0.065
0.125
0.285
0.500
0.040
0.620
0.225
0.050
0.100
0.160
0.150
0.030
0.550
0.480
0.240
0.250
0.005
0.030
0.005
0.085
0.180
0.035
0.440
0.060
0.045
0.005
0.035
0.060
0.055
0.160
0.165
0.150
0.700
0.025
0.050
0.025
0.040
0.440
0.165
0.290
0.685
0.035
0.085
2.960
1.300
0.015
0.195
0.015
0.040
0.025
0.175
0.070
0.050
0.100
0.080
0.170
0.035
0.215
0.100
0.120
0.135
1.420
0.165
0.015
0.100
0.355
0.090
0.125
0.530
0.695
0.050
0.700
0.300
0.410
0.055
0.030
0.030
0.245
0.175
0.135
0.090
0.020
0.180
0.040
0.020
0.010
0.065
0.020
0.020
0.120
0.200
0.610
0.010
0.150
0.065
0.180
0.180
0.045
0.415
0.415
0.600
0.010
0.085
0.070
0.205
0.110
0.225
0.110
0.085
0.050
0.100
0.035
0.020
0.035
0.085
0.990
0.315
0.065
0.120
0.145
0.760
0.025
0.130
0.085
0.040
0.070
0.535
0.035
0.995
0.015
0.040
0.050
0.080
0.070
0.075
1.580
0.060
0.025
0.005
0.145
0.130
0.015
0.055
0.195
0.130
0.285
0.170
0.820
0.115
0.080
0.710
0.085
0.085
0.080
0.960
0.050
0.105
0.005
0.060
0.160
0.220
0.015
0.630
0.010
0.055
0.110
0.265
0.480
0.035
0.620
0.205
0.050
0.080
0.160
0.140
0.025
0.505
0.480
0.240
0.250
0.005
0.025
0.005
0.060
0.140
0.035
0.440
0.060
0.045
0.005
0.035
0.030
0.040
0.130
0.135
0.135
0.700
0.020
0.050
0.020
0.035
0.430
0.155
0081WA
0023WA
3336CW
0166CH
0166WA
0166WB
0034WA
3379WB
0069WB
0069WC
1961C6
8834WB
0010WB
0024WA
9083WB
8923WA
7167WA
0111WB
5247CE
5247CH
5247CI
5247CJ
7216WA
3565WE
8303WA
0151WA
5171WA
7164WA
7164WB
5878WB
5038WA
2003CR
2003WC
8494WA
5789WA
8745WB
5068WA
5068WB
7617WB
8583WB
8583WC
5264CG
5264CI
6181WB
6012CQ
5189WA
115510
115511
115512
115513
115514
115515
1171WA
0167WA
5040WA
5040WB
1694WB
3662WB
5186CX
9571WC
9571WD
6114WB
2194CY
1651C1
1651C2
1651C6
1651WA
0138CH
0138CJ
0138CK
0138CL
0138CM
0096WA
0096WB
0096WC
0083WB
6661WC
5053WC
1295C5
1295C6
9997WB
7108WA
5146WA
5681CM
5681CO
6033CK
6033CM
1945WC
8869CL
8869WC
4634CT
5204CB
0007WA
6807CE
6807CF
6807CG
6807WB
5256WA
0133WC
7045CE
7073WB
0055WA
4197C2
521815
521817
521819
5218HB
5218HC
7155WA
0117WA
5241WA
7103WA
7143WA
1201WA
1201WB
5211WA
7106C1
7106C2
7106CX
7106CZ
7082WB
1538WB
4898CE
5191WA
534715
534719
534720
534723
7252WA
7228WA
7034WA
5031CK
4863C5
4863C6
4863C8
0101WB
0060WA
7113CT
7113CU
7113CV
5401WA
514810
514812
514813
514817
514818
5243CY
5243HA
5005CJ
0120WA
9679CT
9679CU
9679CV
9679WC
9679WD
9679WE
0141WA
7245WA
5156WB
5156WC
0095WA
5155WA
6742WB
2283WA
WARRANTS
IDEAL-WA
IFCAMSC-WA
IJM-CW
INARI-CH
INARI-WA
INARI-WB
INGENCO-WA
INSAS-WB
INSTACO-WB
INSTACO-WC
IOICORP-C6
IREKA-WB
IRIS-WB
JAG-WA
JETSON-WB
JIANKUN-WA
JOHOTIN-WA
K1-WB
KAREX-CE
KAREX-CH
KAREX-CI
KAREX-CJ
KAWAN-WA
KEURO-WE
KFM-WA
KGB-WA
KIMLUN-WA
KNM-WA
KNM-WB
KPJ-WB
KSL-WA
KULIM-CR
KULIM-WC
LBICAP-WA
LBS-WA
LEWEKO-WB
LUSTER-WA
LUSTER-WB
MAGNA-WB
MAHSING-WB
MAHSING-WC
MALAKOF-CG
MALAKOF-CI
MALTON-WB
MAXIS-CQ
MAXWELL-WA
MAYBANKC10
MAYBANKC11
MAYBANKC12
MAYBANKC13
MAYBANKC14
MAYBANKC15
MBSB-WA
MCLEAN-WA
MEDAINC-WA
MEDAINC-WB
MENANG-WB
MFLOUR-WB
MHB-CX
MITRA-WC
MITRA-WD
MKH-WB
MMCCORP-CY
MRCB-C1
MRCB-C2
MRCB-C6
MRCB-WA
MYEG-CH
MYEG-CJ
MYEG-CK
MYEG-CL
MYEG-CM
NEXGRAM-WA
NEXGRAM-WB
NEXGRAM-WC
NOTION-WB
OSKPROP-WC
OSK-WC
PBBANK-C5
PBBANK-C6
PENSONI-WB
PERDANA-WA
PERWAJA-WA
PETDAG-CM
PETDAG-CO
PETGAS-CK
PETGAS-CM
PJDEV-WC
PMETAL-CL
PMETAL-WC
POS-CT
PRESBHD-CB
PUC-WA
PUNCAK-CE
PUNCAK-CF
PUNCAK-CG
PUNCAK-WB
REACH-WA
SANICHI-WC
SCOMIES-CE
SEACERA-WB
SERSOL-WA
SIME-C2
SKPETROC15
SKPETROC17
SKPETROC19
SKPETRO-HB
SKPETRO-HC
SKPRES-WA
SMRT-WA
SONA-WA
SPRITZER-WA
STONE-WA
SUMATEC-WA
SUMATEC-WB
SUNWAY-WA
SUPERMX-C1
SUPERMX-C2
SUPERMX-CX
SUPERMX-CZ
SYF-WB
SYMLIFE-WB
TA-CE
TAMBUN-WA
TENAGA-C15
TENAGA-C19
TENAGA-C20
TENAGA-C23
TEOSENG-WA
TGOFFS-WA
TGUAN-WA
TIMECOM-CK
TM-C5
TM-C6
TM-C8
TMCLIFE-WB
TMS-WA
TOPGLOV-CT
TOPGLOV-CU
TOPGLOV-CV
TROP-WA
UEMS-C10
UEMS-C12
UEMS-C13
UEMS-C17
UEMS-C18
UMWOG-CY
UMWOG-HA
UNISEM-CJ
VIS-WA
WCT-CT
WCT-CU
WCT-CV
WCT-WC
WCT-WD
WCT-WE
WINTONI-WA
WZSATU-WA
XDL-WB
XDL-WC
XINGHE-WA
XINQUAN-WA
YTLPOWR-WB
ZELAN-WA
CLOSE
(RM)
+/(RM)
0.290
0.695
0.035
0.085
2.960
1.300
0.015
0.200
0.015
0.045
0.025
0.190
0.075
0.050
0.100
0.080
0.170
0.035
0.215
0.100
0.120
0.135
1.420
0.180
0.015
0.100
0.355
0.090
0.125
0.540
0.720
0.050
0.720
0.305
0.450
0.070
0.035
0.035
0.255
0.180
0.145
0.090
0.020
0.180
0.040
0.020
0.010
0.070
0.020
0.020
0.120
0.200
0.640
0.010
0.155
0.065
0.195
0.190
0.055
0.415
0.415
0.600
0.010
0.085
0.070
0.205
0.110
0.225
0.110
0.085
0.050
0.100
0.035
0.020
0.035
0.085
0.990
0.315
0.065
0.130
0.145
0.760
0.025
0.130
0.085
0.040
0.070
0.550
0.035
0.995
0.020
0.040
0.055
0.080
0.070
0.095
1.590
0.060
0.025
0.005
0.145
0.135
0.020
0.055
0.195
0.135
0.285
0.170
0.820
0.115
0.085
0.710
0.085
0.090
0.085
0.985
0.050
0.110
0.005
0.060
0.165
0.220
0.015
0.680
0.010
0.055
0.120
0.270
0.485
0.040
0.620
0.225
0.050
0.095
0.160
0.145
0.025
0.525
0.480
0.240
0.250
0.005
0.025
0.005
0.065
0.145
0.035
0.440
0.060
0.045
0.005
0.035
0.060
0.050
0.150
0.150
0.140
0.700
0.020
0.050
0.025
0.035
0.430
0.160
Unch
-0.030
0.005
Unch
0.010
Unch
Unch
-0.005
Unch
Unch
0.005
Unch
Unch
0.005
0.010
Unch
0.010
-0.005
-0.060
-0.020
-0.010
-0.005
-0.020
-0.010
-0.005
Unch
-0.005
Unch
Unch
Unch
0.055
0.005
0.030
0.010
0.050
0.065
0.005
Unch
-0.005
Unch
0.010
-0.010
-0.005
Unch
-0.005
Unch
Unch
0.005
0.005
-0.005
0.005
0.015
0.045
-0.010
0.005
Unch
0.020
Unch
0.010
-0.020
-0.010
0.010
Unch
0.005
-0.080
0.030
Unch
-0.010
-0.015
Unch
-0.005
Unch
Unch
-0.005
-0.005
-0.010
Unch
Unch
Unch
Unch
-0.005
-0.050
-0.005
0.005
Unch
Unch
Unch
0.010
Unch
-0.035
0.005
Unch
Unch
Unch
-0.015
0.010
-0.040
-0.005
Unch
Unch
-0.025
-0.010
0.005
-0.005
0.020
0.005
0.005
-0.010
0.005
-0.005
0.005
0.010
Unch
Unch
Unch
0.035
-0.010
Unch
-0.005
Unch
Unch
-0.010
Unch
0.080
Unch
-0.010
0.005
Unch
-0.035
0.015
-0.050
-0.005
0.020
0.015
0.025
Unch
Unch
-0.060
-0.010
Unch
0.030
Unch
0.005
Unch
Unch
-0.010
0.005
-0.010
Unch
Unch
Unch
0.010
0.050
0.010
Unch
0.010
-0.010
0.030
Unch
-0.005
0.005
Unch
-0.005
Unch
VOL PARENT
EXE
(‘000)
PRICE PRICE
10
2936.7
0.1
80
1.1
133.3
245
857.2
11.7
649.7
106.3
150.9
759
145
6
5
70
341
342
135
100
75
10
92
36.2
40
3
3136.8
975.2
16
1141.7
15
121.5
403.9
133.3
522.1
705.1
96
240.6
329.9
285.2
50
480
60
20
200
480.2
902.2
111
20
80
196.5
40
0.1
93
114.4
52
63
1008
107.8
1736.8
6
99.9
971.5
200
118.8
22073.2
40
65.8
1500.5
2690.6
201
302
259.5
2010
168.9
23.4
186
67677.7
153.9
303
10.8
27
2
4.6
7.7
10
23
165
208
800
200
219.8
32
6400
120.1
164.1
7036
70
250
0.4
105.4
80.5
175
10
4550
10
29.9
7843.5
6
20399.4
7
45.9
804.9
6566.4
207.5
3139
100
140
180
860.1
56.5
100
85.8
300
529.3
8679.5
2381.5
292.5
5.7
5
140
100
760
10
700.1
1678
39.3
15
10
8
1
305
1
11819.2
1640.4
566.7
8
20
429.2
105
20
11
1521.2
498.8
4696.2
1170.3
3
492.2
100
5087
810.3
1030
779.5
0.380
0.805
3.310
3.340
3.340
3.340
0.065
0.700
0.110
0.110
4.060
0.650
0.210
0.105
0.325
0.245
1.520
0.225
3.100
3.100
3.100
3.100
2.400
0.840
0.110
0.350
1.160
0.500
0.500
4.200
1.580
2.900
2.900
1.370
1.500
0.135
0.080
0.080
0.940
1.330
1.330
1.580
1.580
0.740
6.700
0.095
8.570
8.570
8.570
8.570
8.570
8.570
1.570
0.210
0.560
0.560
0.615
1.250
1.060
1.010
1.010
2.070
1.830
1.090
1.090
1.090
1.090
2.680
2.680
2.680
2.680
2.680
0.075
0.075
0.075
0.420
1.950
1.620
18.020
18.020
0.530
1.540
0.140
21.720
21.720
21.500
21.500
1.520
1.930
1.930
3.600
1.860
0.085
2.590
2.590
2.590
2.590
0.605
0.065
0.290
0.630
0.200
7.780
1.870
1.870
1.870
1.870
1.870
1.350
0.225
0.435
1.940
0.255
0.155
0.155
3.510
2.050
2.050
2.050
2.050
0.425
0.755
0.635
1.290
12.160
12.160
12.160
12.160
0.485
0.385
1.730
6.500
6.800
6.800
6.800
0.550
0.120
7.800
7.800
7.800
0.900
1.080
1.080
1.080
1.080
1.080
1.160
1.160
1.910
0.160
1.300
1.300
1.300
1.300
1.300
1.300
0.245
1.210
0.135
0.135
0.065
0.475
1.600
0.270
Please refer to the bursa malaysia website For the prices of Loan stocks, bonds and overseas structure warrants
0.100
0.100
3.940
3.400
0.330
2.000
0.100
1.000
0.310
0.130
4.300
1.000
0.150
0.100
0.750
0.320
2.280
0.220
2.467
3.000
2.987
3.250
0.930
1.180
0.510
0.500
1.680
0.980
1.000
4.010
0.800
2.717
2.770
1.000
1.000
0.200
0.100
0.100
0.900
1.440
2.100
2.000
1.800
1.000
7.200
0.400
9.000
8.000
9.500
10.000
8.400
8.800
1.000
0.520
0.500
0.600
1.000
2.060
1.250
0.600
1.090
1.890
2.700
1.000
1.080
1.000
2.300
2.000
2.600
2.800
3.000
2.680
0.100
0.260
0.100
1.000
1.000
1.800
19.500
18.000
0.600
0.710
1.000
18.000
20.880
20.500
24.000
1.000
2.500
1.100
5.000
2.500
0.100
2.680
2.700
2.700
1.000
0.750
0.100
0.500
1.000
0.180
8.500
2.200
1.700
1.900
2.680
1.700
0.550
0.180
0.350
1.180
0.300
0.320
0.175
2.500
2.250
2.100
2.150
2.180
0.700
1.100
0.800
0.600
13.800
13.500
13.000
11.000
1.350
0.500
1.500
5.120
6.800
7.000
7.000
0.750
0.100
4.980
5.200
6.850
1.000
1.780
1.280
1.400
1.050
0.930
1.600
2.880
2.050
0.250
1.651
1.388
1.554
1.540
1.710
2.080
0.100
0.600
0.350
0.115
0.100
1.000
1.140
0.250
PR’M
(%)
2.63
-1.24
20.62
13.25
-1.50
-1.20
76.92
71.43
195.45
59.09
9.61
83.08
7.14
42.86
161.54
63.27
61.18
13.33
2.69
7.53
16.99
20.08
-2.08
61.90
377.27
71.43
75.43
114.00
125.00
8.33
-3.80
1.28
20.34
-4.74
-3.33
100.00
68.75
68.75
22.87
21.80
68.80
32.28
16.46
59.46
9.85
342.11
5.46
1.52
11.93
17.39
9.22
10.85
4.46
152.38
16.96
18.75
94.31
80.00
28.30
0.50
49.01
20.29
49.18
7.34
11.93
10.55
121.10
4.01
9.33
17.16
18.28
22.39
80.00
273.33
80.00
158.33
2.05
30.56
11.53
5.66
40.57
-4.55
632.14
0.83
5.92
0.93
14.88
1.97
38.60
8.55
42.22
43.01
82.35
18.92
14.25
15.25
0.00
33.88
92.31
74.14
81.75
57.50
11.83
27.94
16.98
21.82
89.04
9.09
1.48
31.11
0.00
-2.58
50.98
164.52
67.74
-0.71
15.61
13.17
5.61
15.12
103.53
74.83
28.35
-0.78
14.72
16.45
14.31
6.00
278.35
40.26
22.54
3.64
3.68
9.93
12.35
62.73
4.17
4.23
3.59
12.44
38.89
66.20
23.15
30.56
15.28
6.25
46.98
300.00
19.90
84.38
27.71
14.64
28.46
22.31
43.08
71.54
-2.04
7.44
174.07
22.22
92.31
117.89
-1.87
51.85
EXPIRY
DATE
29/04/2019
15/02/2016
31/05/2016
01/12/2015
04/06/2018
17/02/2020
18/07/2016
25/02/2020
07/09/2018
22/01/2020
31/03/2016
25/06/2019
20/04/2016
14/08/2019
06/02/2019
23/12/2021
21/11/2017
11/12/2015
27/11/2015
31/03/2016
28/04/2016
29/02/2016
28/07/2016
26/08/2016
19/10/2016
12/06/2019
12/03/2024
15/11/2017
21/04/2020
23/01/2019
19/08/2016
28/10/2015
26/02/2016
17/04/2018
11/06/2018
08/09/2020
03/06/2022
26/05/2023
04/09/2020
16/03/2018
21/02/2020
30/06/2016
20/11/2015
29/06/2018
30/06/2016
24/03/2020
02/10/2015
29/02/2016
02/11/2015
31/05/2016
08/06/2016
07/03/2016
31/05/2016
09/05/2016
13/08/2021
22/04/2022
09/07/2019
09/05/2017
29/04/2016
04/07/2016
23/08/2020
29/12/2017
30/12/2015
29/01/2016
30/12/2015
08/06/2016
14/09/2018
29/01/2016
09/12/2015
15/01/2016
02/11/2015
30/06/2016
16/05/2022
21/07/2023
15/01/2024
02/05/2017
28/08/2017
22/07/2020
29/01/2016
30/09/2016
20/01/2024
26/10/2015
28/02/2022
30/10/2015
27/11/2015
30/10/2015
30/06/2016
04/12/2020
08/06/2016
22/08/2019
31/03/2016
29/04/2016
25/12/2024
28/04/2016
30/11/2015
19/02/2016
20/07/2018
12/08/2022
24/09/2019
07/04/2016
29/05/2019
18/04/2023
29/02/2016
30/08/2016
30/09/2016
07/03/2016
30/11/2015
31/05/2016
27/06/2017
01/08/2017
30/07/2018
13/12/2016
21/06/2020
03/03/2021
13/11/2018
17/08/2016
01/12/2015
11/03/2016
30/09/2015
29/01/2016
11/11/2019
11/11/2020
11/03/2016
30/05/2017
31/12/2015
08/06/2016
29/01/2016
07/03/2016
29/01/2020
07/04/2016
09/10/2019
07/04/2016
09/10/2015
29/04/2016
15/04/2016
21/06/2019
16/01/2017
29/01/2016
11/03/2016
15/04/2016
06/12/2019
27/11/2015
30/12/2015
12/10/2015
26/02/2016
30/08/2016
29/07/2016
30/11/2015
29/07/2016
01/09/2016
11/12/2015
29/02/2016
15/01/2016
10/03/2016
11/12/2017
27/08/2020
23/02/2019
28/10/2024
22/01/2017
02/07/2018
22/03/2019
24/06/2019
11/06/2018
25/01/2019
Markets 3 7
GLOBAL ROUNDUP
Singapore
Hong Kong
15 most active counters
FT Straits Times
STOCK
Index points
3600
3300
3000
2,868.74
2700
2,774.06
+26.80
(+0.94%)
2400
Mar 1, 2010
Sept 16, 2015
VOL (MIL)
NEW SILKROUTES GROUP
EZRA HOLDINGS
NOBLE GROUP
MDR
GENTING SINGAPORE
STRATECH GROUP
GEO ENERGY RESOURCES
YANGZIJIANG SHIPBUILDING
CHINA SKY CHEM FIBRE
YUUZOO CORP
SINGAPORE TELECOMM
GLOBAL LOGISTIC PROP
ARTIVISION TECH
DAPAI INTL
LOYZ ENERGY
Singapore stocks closed higher yesterday as Top gainers
most other markets in the region climbed STOCK
back from their lowest levels in years ahead SOON LIAN
of the US Federal Reserve’s interest-rate LH GROUP
NIPPECRAFT
decision.
LIFEBRANDZ
The Shanghai and Shenzhen Composite TOP GLOBAL
Indices surged 4.9% and 6.5% respectively. SERRANO
The Nikkei 225 rose about 0.8%, while the BENG KUANG MARINE
CHINA TAISAN TECH
Kospi and Hang Seng Index added around JB FOODS
2% and 2.4% respectively.
TERRATECH GROUP
The Straits Times Index ended the day ATTILAN GROUP
ENTERPRISE
0.94% higher at 2,868.74 points, after trad- OLS
BROADWAY INDS
ing between 2,855.78 and 2,886.85. Market PTERIS GLOBAL
DAPAI INTL
breadth was positive.
Excluding warrants, gainers outnum- Top losers
bered decliners 275 to 126. A total of 1.33 STOCK
billion shares worth about S$1.1 billion SINOCLOUD GROUP
changed hands.
JADASON ENTERPRISES
New Silkroutes Group, Ezra Holdings, No- POLLUX PROPERTIES
SIONG ENGINEERING
ble Group, mDR, and Genting Singapore were MUN
NUTRYFARM INTL
among the most actively traded counters.
THAKRAL CORP
Hyflux continued its rise for the second BLUMONT GROUP
day after announcing on Tuesday that its VIBROPOWER CORP
GROUP
joint-venture company with Mitsubishi HOSEN
FAR EAST GROUP
Heavy Industries had been selected as the MAGNUS ENERGY GROUP
preferred bidder to build a S$750 million NEW WAVE HOLDINGS
CAPITAL
water-to-energy plant in Singapore. Hyflux ISR
CHINA SKY CHEM FIBRE
closed 5.2% higher at 71 cents.
PSL HOLDINGS
China
Index points
3,152.26
+147.09
(+4.89%)
4825
3850
0.001
0.123
0.450
0.005
0.775
0.050
0.123
1.230
0.055
0.167
3.690
2.070
0.061
0.009
0.047
CLOSE (S$)
0.088
0.003
0.043
0.004
0.005
0.110
0.168
0.153
0.280
0.060
0.008
0.008
0.199
0.580
0.009
CLOSE (S$)
0.002
0.014
0.050
0.055
0.300
0.290
0.006
0.026
0.043
0.122
0.008
0.008
0.009
0.055
0.075
UNCH
2.50
-2.17
UNCH
6.16
2.04
0.82
4.24
-9.84
7.74
0.27
0.98
10.91
12.50
UNCH
+/– (%)
54.39
50.00
34.37
33.33
25.00
19.57
19.15
16.79
16.67
15.38
14.29
14.29
13.07
12.62
12.50
+/– (%)
-33.33
-26.32
-24.24
-21.43
-21.05
-15.94
-14.29
-13.33
-12.24
-11.59
-11.11
-11.11
-10.00
-9.84
-9.64
Index points
3,207.60
+31.98
(+1.01%)
3415
2445
3,087.842
Mar 1, 2010
Sept 16, 2015
China stocks ended up sharply yesterday
helped by a spike in the final minutes of
trade, a frequent phenomenon in mainland
markets generally interpreted as government
intervention to push up values before the
closing bell.
The CSI 300 Index of the largest listed companies in Shanghai and Shenzhen jumped
5% to 3,309.25 points, while the Shanghai
Composite Index gained 4.9% to 3,152.26.
Onshore stock markets slumped on Monday and Tuesday, raising fears that another
slide could be under way.
But trading volumes were tiny, as many
investors stayed on the sidelines, wearily
watching Beijing’s intensified crackdown
on market irregularities. On Tuesday, Citic Securities said police were investigating
senior managers.
The news emerged on another bad day
for shares, which dropped by almost 4% in
a further blow to hopes that a slew of regulatory measures issued by Beijing over the
past three months had brought some stability to prices.
The authorities have been alarmed by
the steep equities sell-off, which they suspect is linked to alleged market manipulation, but has also been triggered by global
concerns over slowing growth in the world’s
second-largest economy.
STOCK
Index points
28900
25625
22350
19075
21,966.66
21,056.93
+511.43
(+2.38%)
15800
Mar 1, 2010
Sept 16, 2015
VOL (MIL)
CCT LAND
NGAI SHUN
BANK OF CHINA
INDUSTRIAL & COMMERCIAL
SEMICONDUCTOR MANU
CHINA CONST BANK
CHINA LNG
CHINA MOBILE GAMES
SINO-TECH INTAL
CHINA INNOVATION INVEST
CHINA PROP INVEST
DX.COM
NORTH MINING SHARES
FAR EAST INTL
CHINA OCEAN SHIPBUILDING
Hong Kong shares rose more than 2% yes- Top gainers
terday, encouraged by a late-hour surge STOCK
in mainland China shares, but investors TRINITY
remained cautious ahead of a decision by BAOXIN AUTO
the US Federal Reserve (Fed) on whether to EVERSHINE
GLORY MARK HI-TECH
raise interest rates.
CENERIC
The Hang Seng Index rose 2.4% to UDL
21,966.66 points, while the China Enter- ETS
ZHEJIANG YONGLONG ENTER
prises Index gained 2.1% to 9,904.71.
TOPSEARCH INTL
Hong Kong stocks got a boost in after- HOP FUNG GROUP
noon trading, when mainland shares surged GA HOLDINGS
STRATEGIC GROUP
almost 5%, posting their best one-day per- GLOBAL
SINO-TECH INTL
centage gain in three weeks.
TIANJIN TEDA BIOMEDICAL
Among the most actively traded stocks CHINA HARMONY NEW ENERGY
on Hong Kong’s main board was Bank Of Top losers
China, which rose 1.7% to HK$3.63.
STOCK
The Fed will debate the possibility of the FAR EAST HOLDINGS INTL
first rate rise in the United States in almost WEALTH GLORY
a decade in a two-day meeting beginning CHINA SHUN KE LONG
SINO SPLENDID
later in the day.
KING FORCE SECURITY
Manufacturing remained soft, pressured SRE
by the impact of the strong US dollar on ex- SANDMARTIN INTL
porters, slack economies overseas and lower CHINA MOBILE GAMES
FINET
oil prices.
CULTURECOM
US Treasuries’ yields jumped on Tues- LEAP HOLDINGS
day, with the policy-sensitive two-year yield HONG KONG RES
rising about eight basis points to 0.815%, its CHINA SEVEN STAR
SUNWAY INTL
highest level since April 2011.
GRAND CONCORD INTL
6590
UNCH
UNCH
1.68
2.33
5.71
2.39
6.35
-11.27
14.29
5.97
UNCH
-2.33
4.00
-66.77
6.64
CLOSE (HK$)
0.990
3.510
0.206
0.365
0.223
3.200
1.560
0.440
0.450
0.670
0.760
0.222
0.048
1.170
3.700
CLOSE (HK$)
1.080
0.109
5.270
0.485
0.330
0.350
0.370
0.063
0.650
1.500
0.450
0.118
1.110
0.320
0.780
+/– (%)
52.31
36.05
35.53
35.19
27.43
25.49
24.80
23.94
23.29
17.54
16.92
16.23
14.29
13.59
13.50
+/– (%)
-66.77
-59.63
-22.50
-17.80
-15.38
-12.50
-11.90
-11.27
-9.72
-9.64
-9.09
-8.53
-7.50
-7.25
-7.14
16310
5,405.94
5370
+/– (%)
0.021
0.023
3.630
4.840
0.740
5.560
0.335
0.063
0.048
0.071
0.153
0.042
0.104
1.080
0.225
Index points
18580
5980
CLOSE (HK$)
Dow Jones
Index points
7200
828.56
514.50
438.74
372.95
351.61
350.00
340.05
262.46
254.98
254.74
253.46
172.47
163.70
157.70
153.08
United States
FTSE 100
Euro STOXX 50 Index
3900
15 most active counters
Hang Seng
United Kingdom
2930
2875
1900
129.61
74.38
63.36
58.53
55.26
50.90
41.04
39.50
39.33
38.88
34.27
32.11
23.27
19.78
19.65
+/– (%)
Europe
Shanghai Composite
5800
CLOSE (S$)
6,137.60
+53.00
(+0.87%)
14040
10,403.79
11770
16,599.85
+228.89
(+1.40%)
2,772.70
4760
1960
Mar 1, 2010
Sept 15, 2015
European shares closed higher on Tuesday,
helped by a positive start in Wall Street, but
with German energy firms RWE and E.ON lower after a report they needed to set aside more
money to shut down nuclear power plants.
By the close, the pan-European FTSEurofirst 300 Index was up 0.85% at 1,405.49
points, helped by a rise in US stocks.
Volumes remained thin as investors were
reluctant to make big bets before the US Federal
Reserve (Fed) decides today whether to raise
US interest rates for the first time since 2006.
Shares in RWE and E.ON fell 3.3% and
6.2% respectively after Spiegel Online said
they were short as much as £30 billion of
the money they need to set aside to build a
safe disposal site for nuclear waste as part
of Germany’s exit from nuclear power. E.ON
said that nuclear provisions were adequate.
Although the benchmark index is up more
than 5% from a low it hit late last month, it is
down about 14% from its peak two months
ago, mainly on concerns about the pace of
economic growth in China and the prospect
of a US rate hike.
“Uncertainty about the Fed’s likely decision continues. If there is no rate hike today, it could also give a signal that the Fed
has some concerns about the health of the
economy,” said Christian Stocker, strategist
at UniCredit in Munich.
Mar 1, 2010
9500
Sept 15, 2015
Britain’s top equity index turned higher in
thin trade on Tuesday, as a strong start to
trade on Wall Street helped lift mining stocks
off their lows, including Glencore, which
hit another all-time trough early in the day.
The blue-chip FTSE 100 Index closed
up 0.9% higher at 6,137.6 points, turning
higher as Wall Street gained following a
climb in retail sales. The move helped to
reverse an early fall in mining stocks. The
sector had been down as much as 4.2%, but
recovered to trade 0.7% higher, helped as
copper bounced off a one-week low.
Mining and commodities trader Glencore slumped almost 8% early on after three
leading global thermal coal price benchmarks fell below levels last seen during the
global financial crisis from 2008 to 2009. It
too recovered all of its losses.
“The fact they straddle so many different
production spheres within commodities has
meant they’re getting hit most days, and the
sentiment towards them is weak,” said analysts. Coal prices have been knocked by a
sharp slowdown in demand, especially in
Asia, and by stubbornly high mining output.
The FTSE hit a record high of 7,122.74 in
April, but has since been hit by signs of an
economic slowdown in China and the prospect of a US Federal Reserves (Fed) rate rise,
with commodity stocks leading the falls.
Mar 1, 2010
Sept 15, 2015
US stocks rallied over 1% on Tuesday after
data showed healthy growth in consumer
spending but did little to remove uncertainty
about whether the US Federal Reserve (Fed)
would raise rates this week.
The Dow Jones Industrial Average rose
228.89 points, or 1.4%, to end at 16,599.85.
The S&P 500 gained 1.28% to 1,978.09 and the
Nasdaq Composite added 1.14% to 4,860.52.
All 10 major S&P sectors were up, with the
industrials index’s 1.68% gain leading advancers and GE rising 2.14%.
Speculation about when the Fed will end
seven years of near-zero interest rates has
dogged Wall Street for several months, with
the picture complicated by recent market
turbulence that some see as justification
for the central bank to hold off.
“The debate around the Fed continues, but
the Fed will do more damage waiting for December to raise rather than start the normalisation process,” said Art Hogan, chief market
strategist at Wunderlich Securities. “If they don’t
raise rates this week, it’s a bad signal.”
The Commerce Department said core
retail sales rose 0.4% in August after an upwardly revised 0.6% increase in July. It was
the latest sign of sturdy economic momentum and suggested the recent stock market
sell-off had little immediate impact on US
household spending. — Agencies
38 Markets
INSIDER MOVES . TRADING THEMES . EVENTS . FOREX
Trading themes
Insider moves (Filings on Sept 14, 2015)
Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook.
COMPANY
SHARES ACQUIRED
(DISPOSED)
AEON CO. (M)
AIRASIA
ALLIANCE FINANCIAL GROUP
AMMB
AXIS REAL ESTATE INVEST TRUST
AXIS REAL ESTATE INVEST TRUST
32,000
(892,500)
344,400
(1,286,800)
3,700
600,000
BINA PURI
BRITISH AMERICAN TOBACCO (M)
5,000
4,465
BUMI ARMADA
BURSA MALAYSIA
CAHYA MATA SARAWAK
CAPITAMALLS MALAYSIA TRUST
CIMB GROUP
(430,000)
(500,000)
(757,400)
(250,000)
226,500
CIMB GROUP
DIALOG GROUP
DIGI.COM
FOCUS LUMBER
GAMUDA
(4,766,500)
(4,017,400)
(7,763,700)
(199,100)
(1,680,000)
GENTING PLANTATIONS
GLOBETRONICS TECHNOLOGY
HALEX
HAP SENG PLANTATIONS
HONG LEONG BANK
IHH HEALTHCARE
IJM CORPORATION
INARI AMERTRON
IOI CORPORATION
IOI PROPERTIES GROUP
JAYCORP
KOSSAN RUBBER INDUSTRIES
KPJ HEALTHCARE
KPJ HEALTHCARE
KUALA LUMPUR KEPONG
17,700
292,600
(50,000)
315,700
(754,100)
(752,500)
(1,659,100)
587,500
(930,400)
1,015,700
(86,000)
(491,400)
(730,000)
755,800
246,600
KUANTAN FLOUR MILLS
LAFARGE MALAYSIA
LINGKARAN TRANS KOTA
MAH SING GROUP
MALAYAN BANKING
66,000
28,500
58,000
1,894,700
(51,450,000)
MALAYAN BANKING
MAXIS
MAXIS
8,394,700
145,600
(5,000,000)
OSK PROPERTY
PELANGI PUBLISHING GROUP
PETRONAS DAGANGAN
PETRONAS GAS
PUBLIC BANK
S P SETIA
S P SETIA
SAPURAKENCANA PETROLEUM
SCGM
SIME DARBY
SONA PETROLEUM
792,800
(15,000)
252,600
(47,900)
(6,356,000)
18,699,605
380,400
(7,914,500)
(503,000)
1,635,400
1,601,400
SUNWAY REAL ESTATE INVEST TRUST (487,200)
TA ANN
700
TAN CHONG MOTOR
15,000
TANAH MAKMUR
274,000
TENAGA NASIONAL
10,882,000
TENAGA NASIONAL
(5,000,000)
TH PLANTATIONS
TIME DOTCOM
TOP GLOVE CORPORATION
UEM SUNRISE
UMW
UMW OIL & GAS CORPORATION
UNISEM (M)
WZ SATU
27,800
78,900
(48,800)
8,874,600
335,600
(300,000)
100,000
52,000
YTL CORPORATION
YTL POWER INTERNATIONAL
958,300
(300,000)
DIRECTOR/SUBSTANTIAL
SHAREHOLDER
EMPLOYEES PROVIDENT FUND BOARD
AMANAHRAYA TRUSTEES
- SKIM AMANAH SAHAM BUMIPUTERA
MATTHEW TEE KAI WOON
MITSUBISHI UFJ FINANCIAL GROUP, INC,
JAPAN
MITSUBISHI UFJ FINANCIAL GROUP, INC,
JAPAN
LIN HAO YU
AMANAHRAYA TRUSTEES
CHEN SEN LOON
CHIA LAI JOO
AMANAHRAYA TRUSTEES
DENNIS TOW JUN FYE
AMANAHRAYA TRUSTEES
AMANAHRAYA TRUSTEES
AMANAHRAYA TRUSTEES
OSK
LEE KHENG HON
PERMODALAN NASIONAL
SCGM LEE S/B
CREDIT SUISSE SECURITIES (EUROPE)
LTD., UK
MOUNTEX S/B
T.A.S INDUSTRIES S/B
AMANAHRAYA TRUSTEES
TAN SRI DATO SERI ARSHAD AYUB
LEMBAGA TABUNG HAJI
JOHN CHIA SIN TET
DATO SRI TENGKU UZIR TENGKU DATO
UBAIDILLAH
SHARES HELD
AFTER CHANGE
TRANSACTION
DATE
107,892,000
204,679,200
285,379,240
524,653,037
120,089,054
123,000,000
9/9
9/9
9/9
9/9
9/9
9/9
20,700,703
16,015,047
8/9
8/9
534,161,900
39,897,094
82,550,427
235,961,600
727,539,500
9/9
9/9
9/9
9/9
7 & 8/9
1,498,803,422
601,039,044
1,081,205,740
26,546,680
203,518,000
8 & 9/9
9/9
9/9
7 - 9/9
9/9
113,687,600
16,396,400
1,250,582
64,665,000
257,372,783
749,546,800
245,895,989
55,838,287
598,316,459
338,762,586
2,492,032
52,877,400
114,481,595
115,211,595
66,205,000
9/9
9/9
11/9
7 & 9/9
9/9
9/9
9/9
9/9
9/9
9/9
3,5 & 20/8
4 & 7/9
8 & 9/9
7/9
9 & 10/9
9,337,000
58,471,900
10/9
9/9
34,381,000
234,030,261
3,537,479,768
9/9
9/9
10/9
1,399,708,198
546,615,700
594,569,900
8 & 9/9
8/9
7 - 9/9
314,740,795
767,665
53,173,700
230,349,700
611,546,863
1,341,696,708
148,775,698
893,746,694
25,961,500
834,317,668
154,734,900
9 - 11/9
14/9
9/9
9/9
9/9
10/9
9/9
9/9
11/9
9/9
9/9
321,633,000
77,738,134
56,956,400
61,771,778
943,550,719
510,836,800
9/9
11/9
9/9
9/9
4,7 & 8/9
7 & 8/9
64,969,620
32,375,200
570,000
238,422,300
205,573,993
128,291,800
170,250,548
62,152,447
9/9
9/9
7 - 10/9
9 & 10/9
8 & 9/9
9/9
11/9
14/9
744,181,947
382,298,291
9/9
9/9
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder
filings. Direct and indirect shareholdings are combined due to space constraints. Readers who are interested should check the official filings filed
with Bursa Malaysia.
Note: * denotes Ace Market
Local events to watch out for today
US business roundtable: CEO confidence
LME zinc stocks in New Orleans 2015
Stocks closest to year low
Stocks closest to year high
STOCK
AEMULUS
FGV-C7
DOMINAN-WA
LEWEKO-WB
GAMUDA-C21
GENTINGC24
SKPETROC17
SLP
POHUAT
HAPSENG
HAPSENG-CK
LIIHEN
FBMKLCI-C9
MAYBANKC14
PBBANK-C6
FBMKLCI-C10
UEMS-C17
UEMS-C18
MRCB-C6
MRCB-C2
HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
0.445
0.125
0.305
0.075
0.210
0.090
0.195
1.660
3.050
5.620
0.290
7.100
0.850
0.130
0.190
0.680
0.085
0.180
0.225
0.085
0.360
0.090
0.275
0.055
0.190
0.090
0.195
1.570
2.950
5.460
0.285
6.700
0.810
0.120
0.120
0.665
0.060
0.140
0.205
0.070
0.395
0.095
0.295
0.070
0.210
0.090
0.195
1.580
2.950
5.560
0.285
6.960
0.830
0.120
0.130
0.665
0.065
0.145
0.205
0.070
92263.8
59593.7
3011.9
522.1
24.6
100
10
427.4
1175.1
391.5
30.2
158
4792.9
80
153.9
16
11819.2
1640.4
118.8
200
This table shows stocks that are trading near their year high. This
could suggest a build-up in buying momentum, or the possibility that
profit-taking activities could set in later.
NIL
STOCK
SKPETRO-HC
FBMKLCI-H5
FBMKLCI-H2
FBMKLCI-H6
FBMKLCI-H4
DRBHCOMC11
CIMB-C4
FBMKLCI-H8
FOCUSP
CMSB-CN
KAREX-CJ
DKSH
CHINA50-C5
SLV-C7
TIMWELL
HARTA-CO
THHEAVY-PB
YAHOO-C3
FBMKLCI-H3
HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
0.170
0.185
0.715
0.490
0.255
0.005
0.005
0.285
0.270
0.115
0.140
3.660
0.060
0.040
0.650
0.190
0.295
0.015
0.950
0.170
0.145
0.675
0.465
0.245
0.005
0.005
0.280
0.205
0.100
0.135
3.530
0.055
0.040
0.650
0.050
0.295
0.015
0.930
0.170
0.160
0.695
0.470
0.250
0.005
0.005
0.280
0.270
0.115
0.135
3.550
0.055
0.040
0.650
0.185
0.295
0.015
0.930
29.9
39209.9
18382
2306
543.8
920
62
100
0.4
160
75
86.4
107
24
4
330.9
0.1
38
18
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.
Foreign exchange rates
NZ
NZ $
EURO
EURO
0.565
1.769
US
SWISS
BRIT CANADA BRUNEI S’PORE
AUST
M’SIA
CHINA
BANGL’H
DENM’K
UAE
SAUDI SWEDEN
0.840
0.889
0.889
0.886
2.7365
4.041
49.346
4.217
2.330
9,168
42.160
76.458
5.216
29.573
2.311
2.379
5.270
22.842
4.917
1.486
1.573
1.574
1.568
4.8415
7.150
87.304
7.461
4.123
16,219
74.590
135.271
9.229
52.322
4.088
4.209
9.323
40.413
8.700
7.750
1.026
STERLING £
2.433
1.375
1.543
1.505
CANADA $
1.191
0.673
0.756
0.737
0.490
BRUNEI $
1.125
0.636
0.714
0.696
0.462
0.944
SINGAPORE $
1.124
0.636
0.713
0.696
0.462
0.944
1.000
AUSTRALIA $
1.128
0.638
0.716
0.698
0.464
0.947
1.003
1.003
MALAYSIA RM
0.365
0.207
0.232
0.226
0.150
0.307
0.325
0.325
0.324
24.744
13.986
15.700
15.306
10.172
20.776
21.997
22.007
21.931
67.7110
2.027
1.145
1.286
1.254
0.833
1.702
1.802
1.802
1.796
5.5456
8.190
100 DANISH KRONER
23.714
13.404
15.047
14.669
9.749
19.912
21.082
21.091
21.018
64.8940
95.84
100 UAE DIRHAM
42.913
24.255
27.229
26.545
17.641
36.032
38.150
38.167
38.035 117.4318
173.43
2,118
180.96
1000 INA RUPIAH
0.109
0.062
0.069
0.067
0.045
0.092
0.097
0.097
0.097
0.2985
0.441
5.383
0.460
0.254
100 INDIA RUPEE
2.372
1.341
1.505
1.467
0.975
1.992
2.109
2.110
2.102
6.4908
9.586
117.045
10.002
5.527
0.975
0.648
1.323
1.401
1.402
1.397
4.3128
6.369
77.770
6.646
3.673
14,448
66.445
120.500
8.221
46.608
3.642
3.750
8.305
36.000
0.665
1.357
1.437
1.438
1.433
4.4238
6.533
79.772
6.817
3.767
14,820
68.155
123.601
8.433
47.808
3.736
3.846
8.519
36.927
7.949
2.043
2.163
2.164
2.156
6.6568
9.831
120.038
10.258
5.669
22,301
102.557
185.991
12.689
71.940
5.621
5.788
12.819
55.566
11.961
1.059
1.059
1.056
3.2591
4.813
58.769
5.022
2.775
10,918
50.211
91.059
6.213
35.221
2.752
2.833
6.276
27.205
5.856
1.000
0.997
3.0782
4.546
55.507
4.743
2.621
10,312
47.424
86.005
5.868
33.266
2.599
2.676
5.928
25.694
5.531
0.997
3.0768
4.544
55.482
4.741
2.620
10,308
47.402
85.966
5.865
33.251
2.598
2.675
5.925
25.683
5.529
3.0875
4.560
55.675
4.758
2.629
10,343
47.567
86.265
5.885
33.366
2.607
2.684
5.946
25.772
5.548
1.0000
1.477
18.032
1.541
0.852
3,350
15.406
27.940
1.906
10.807
0.844
0.869
1.926
8.347
1.797
1,221
104.341
57.660
1,892
129.072
731.750
57.179
58.869
130.389
565.200
121.667
8.546
4.722
18,578
85.437
154.943
10.571
59.931
4.683
4.821
10.679
46.290
9.965
55.261
217,400
999.78
1,813
123.70
701.31
54.80
56.42
124.96
541.69
116.61
1,809
3,281
223.85
1,269
99.17
102.10
226.13
980.23
211.01
4.599
8.340
0.569
3.226
0.252
0.260
0.575
2.492
0.536
181.353
12.373
70.146
5.481
5.643
12.499
54.180
11.663
1,170
226,838 1,043.184
393,406
21,745
1.308
0.739
0.830
0.809
0.538
1.098
1.163
1.163
1.159
3.5791
5.286
64.540
5.515
3.048
11,990
55.141
19.170
10.835
12.164
11.859
7.881
16.096
17.042
17.050
16.991
52.4600
77.476
946
80.840
44.673
175,745
808.221
1,466
6.823
2.997
38.679
3.022
3.112
6.892
29.876
6.431
566.933
44.301
45.609
101.021
437.896
94.263
3.381
1.911
2.146
2.092
1.390
2.839
3.006
3.007
9.2533
13.666
166.859
14.259
7.880
30,999
142.560
258.537
17.639
100 QATAR RIYAL
43.274
24.459
27.457
26.769
17.789
36.335
38.470
38.488
38.354 118.4185
174.888
2,135
182.480
100.840
396,712
1,824
3,309
225.731
100 SAUDI RIYAL
42.032
23.757
26.670
26.000
17.279
35.292
37.366
37.383
37.254 115.0203
169.869
2,074
177.243
97.946
385,328
1,772
3,214
219.253
1,243
97.130
100 SWEDISH KRONOR
18.977
10.726
12.041
11.739
7.801
15.934
16.870
16.878
16.819
51.9300
76.694
936.423
80.023
44.221
173,970
800.055
1,451
98.990
561.205
43.853
45.149
4.378
2.474
2.778
2.708
1.800
3.676
3.892
3.894
3.880
11.9800
17.693
216.028
18.461
10.202
40,134
184.569
334.721
22.836
129.467
10.117
10.416
23.070
20.337
11.495
12.904
12.580
8.360
17.076
18.080
18.088
18.025
55.6526
82.191 1,003.550
85.759
47.391
186,441
857.408
1,555
106.086
601.435
46.997
48.385
107.169
100 HK$
HK
0.727
0.891
100 THAI BAHT
THAI
0.411
0.914
100 PHILIPPINE PESO
QATAR
1.094
1.576
100 NORWEGIAN KRONER
PHIL
0.619
1.617
100 JAPAN YEN
JAPAN NORWAY
1.123
US $
100 CHINESE RMB
INDIA
0.635
SWISS FR
100 BANGLAD’H TAKA
INA
7.814
1,280
8.045
17.819
77.240
16.627
102.954
228.035
988.468
212.782
960.103
206.675
433.472
93.311
221.491
21.526
464.546
Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
Markets 3 9
FUTURES . MONEY MARKET . COMMODITIES
Money market
Index futures
Index points
1980
US Dollar
Long Rolls - KLCI futures
FKLI
Open Interest
1,637.00 90000
(+6.00)
Klibor
USD Index
Index points
-13.00
18.00
102.00
(-4.00)
Implied interest rate (%)
95.82
(+0.209)
1790
68000
4.75
94.25
1600
46000
-8.50
86.50
1410
24000
-21.75
78.75
4.5
3.82
(Unch)
3.5
2000
1220
Jan 4, 2010
Sept 15, 2015
71.00
-35.00
Jan 4, 2010
KLCI futures ended higher
on Tuesday
Sept 15, 2015
FBM KLCI futures
INDEX AND FUTURES
CONTRACT
SETTLEMENT
CHANGE
VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
The FBM KLCI futures contracts on Bur- FBMKLCI 1,647.15 7.52 165.7M
1,637.00
6.00
7,847 54,651
348
sa Malaysia Derivatives closed higher on SEP-15
1,624.00
2.00
598
1,256
74
Tuesday in line with the steady cash market. OCT-15
DEC-15
1,598.50
3.00
97
355
-5
September 2015 increased six points to MAR-15
1,575.50
3.00
32
-1
1,637; October 2015 added two points to TOTAL
8,542 56,294
416
1,624; December 2015 rose three points to
BID
OFFER
CLOSE
1,598.5; while March 2016 was unchanged FUTURES ROLL OVER
SEP/OCT
-12.5
-13.5
-13.0
at 1,572.5.
Turnover fell to 8,542 lots from 11,272 FUTURES FAIR VALUE
DAYS TO EXPIRY
KLIBOR DIVIDEND FAIR VALUE
lots on Monday, while interest rate eased CONTRACT
16
2.29
7.51
-2.46
to 56,294 contracts from 58,584 contracts SEP-15
OCT-15
46
6.87
10.37
-2.76
on Monday. The FBM KLCI finished 7.52 ROLL’S FAIR
-0.30
points higher at 1,647.15.
Indonesia’s key stock index snapped a
two-day rising streak on Monday amid a fall
in the rupiah and foreign-led selling, while
Southeast Asian stock markets were mixed
The Jakarta Composite Index shed nearly 1%
a day before the US Federal Reserve’s deci- after two straight days of gain to a more-thansion on interest rates.
one-week closing high on Monday. — Agencies
Commodities
CPO vs Soyoil
Open Interest
4200
200000
3450
1950
2,192
Jan 6, 2008
Sept 16, 2015
US dollar underpinned by
rising yields
The US dollar climbed against a basket of
currencies yesterday, underpinned by lofty
US yields after upbeat consumer spending
data kept alive expectations the US Federal
Reserve (Fed) would raise interest rates.
Two-year Treasury yields reached their
highest in over four years and long-dated US yields their highest in nearly two
months before a Fed meeting that started
yesterday.
The rise in two-year yields widened the
spread between US and German government bonds to its highest in eight years,
and helped the US dollar recover.
The US dollar index was up at 95.659,
off a two-week low struck on Monday.
The euro was down 0.15% at US$1.1252.
The US dollar was flat against the yen at
¥120.39. — Reuters
1.5
Oct 1, 2000
Sept 15, 2015
Klibor
MONTH
SETTLEMENT
PRICE
OCT5
NOV5
DEC5
MAR6
JUN6
SEP6
DEC6
MAR7
JUN7
SEP7
DEC7
MAR8
JUN8
SEP8
DEC8
MAR9
JUN9
SEP9
DEC9
MAR0
JUN0
JAN-00
TOTAL
(-49)
Crude Oil
Gold
CPO RM/ton
Soyoil US$/Ibs
US$/bbl
US$/troy oz
6400
2,566 0.7300
155.0
(RM0.2734/ton)
CHANGE
96.22
96.22
96.18
96.15
96.12
96.10
96.07
96.07
96.02
95.98
95.93
95.93
95.93
95.93
95.93
95.93
95.93
95.93
95.93
95.93
95.93
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
VOLUME
OPEN
INTEREST
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0
—
—
500
120
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
620
1980
45.32
(+0.73)
5100
0.5475
122.5
105000
3800
0.3650
90.0
1340
57500
2500
0.1825
57.5
1020
0.0000
25.0
700
152500
2700
1200
Oct 2, 2006
CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.
CPO & Open Interest
CPO RM/ton
2.5
Sept 15, 2015
Palm closes down, comes
off two-month high
(-49)
1200
Jan 6, 2008
Sept 15, 2015
CPO futures
CONTRACT
SEP-15
OCT-15
NOV-15
DEC-15
JAN-16
LAST
2,050
2,107
2,148
2,192
2,231
CHANGE
-31
-19
-44
-49
-49
VOLUME
26
1,027
21,737
11,588
6,977
OPEN CHANGE IN
INTEREST OPEN INTEREST
636
8,417
69,459
43,166
36,531
1,108.20
(+5.60)
2,192
10000
1660
-365
-1,008
-1,991
4,161
303
Malaysian palm oil futures reversed earlier
gains to a two-month top and closed down
2% on Monday, hurt by a technical corCPO/SOYOIL
rection following a sharp rally in the past CPO FUTURES
INDICATIVE ROLL-OVER FUTURES BASIS (USD)
three weeks.
CURRENT
-57.12
SEP/OCT
-57
The benchmark November palm oil con- SEP/NOV
3 MONTHS AVERAGE
-69.45
-98
tract on Bursa Malaysia Derivatives closed SEP/DEC
6 MONTHS AVERAGE
-67.91
-142
at RM2,148 a tonne, off the day’s high of OCT/NOV
-41
RM2,207, its loftiest since July 22.
SGS & ITS EXPORT ESTIMATES (TONNES)
JUN’2015
JUL’2015
AUG’2015
Traded volume stood at 45,911 lots of 25 SHIPMENT DAYS
473/469
309/320
486/499
tonnes each, above the average 35,000 lots 1 - 10TH DAYS
1- 15TH DAYS
783/780
665/666
730/716
usually traded in a day.
DAYS
1,082/1,074
908/908
991/992
The market often eases ahead of a change 11 -- 20TH
25TH DAYS
1,393/1,400
1,179/1,149 1,285/1,276
of the futures contract forward month, said FULL MONTH
1,696/1,649
1,540/1,544 1,542/1,525
a trader based in Kuala Lumpur.
MALAYSIAN PALM OIL BOARD
JAN’15
FEB’15
MAC’15
APR’15
“The time is also right for some adjust1,161
1,122
1,495
1,693
ments, as the market is overbought,” the PRODUCTION
EXPORT
1,184
972
1,182
1,175
trader added.
STOCKS
1,770
1,743
1,866
2,194
Prices have risen nearly 8% so far this
MPOB Palm oil physical
month, the most since September last year,
(IN RM/TON)
SEP’2015
OCT’2015
NOV’2015
spurred by strong exports.
DELD
2,065
2,113
2,190
Malaysian palm products exports rose CPO
PK EX-MILL
1,585
1,595
1,600
6.9% during the first half of September from CPKO DELD
3,431
3,435
3,439
a month earlier, cargo surveyor Intertek RBD P.OIL FOB
2,254
2,263
2,284
Testing Services said on Monday.
RBD P.OLEIN FOB
2,310
2,314
2,348
1,767
1,787
1,787
Palm oil prices are now targeting RM2,244, RBD P.STEARIN FOB
as they have broken a resistance at RM2,171, MPOB FFB REF PRICE (MILL GATE PRICE)
REGION
GRADE A
GRADE B
GRADE C
said Reuters market analyst Wang Tao.
OER (RM/TON)
OER(RM/TON)
OER (RM/TON)
In other vegetable oil markets, the most NORTH
20.00% 432
19.00% 412
18.00% 392
active January soybean oil contract on the SOUTH
20.00% 443
19.00% 423
18.00% 403
20.00% 443
19.00% 423
18.00% 402
Dalian Commodity Exchange lost 0.1%, while CENTRAL
the US December soyoil contract was down EAST COAST 20.00% 439 19.00% 419 18.00% 398
SABAH
22.00% 422
21.00% 403
20.00% 385
0.5%. — Reuters
SARAWAK
22.00% 428
21.00% 409
20.00% 391
Apr 10, 2007
Sept 16, 2015
Oil price rises on US
stockpile drawdown ahead
Oil rose yesterday after an unexpected drawdown in US stockpiles and an increase in
US gasoline prices, but concerns remained
about a global surplus, falling Asian demand
and whether the US Federal Reserve would
raise interest rates.
US crude futures strengthened after the
American Petroleum Institute reported a
3.1-million-barrel drop in crude inventories
last week, versus analyst expectations for an
increase.
“It is a big data week,” said analysts. “We
are likely seeing a bit of position adjustment
ahead of key market data.” Official US crude
inventory figures were released yesterday.
Front-month US West Texas Intermediate
crude futures traded 77 US cents higher at
US$45.36 per barrel, with US gasoline prices up
for a second straight day after a fall of around
10% since the start of the month. — Reuters
Centrifuged Latex
Commodities
AGRICULTURE
UNIT
EXCHANGE
RM/TON
SEN/KG
USC/BSH
USC/BSH
USC/BSH
USC/IBS
US$/TON
USC/IBS
USC/IBS
USC/IBS
MDEX
MRB
CBOT
CBOT
CBOT
CME
NYBOT
NYBOT
NYBOT
NYC
2,192
528.50
387.00
886.50
490.25
138.60
3,249
117.75
12.23
62.65
-49
-12.00
-3.50
-2.50
-4.50
-2.00
25
-0.95
-0.08
0.13
US$/TON
USC/IBS
US$/TROY OZ
US$/TROY OZ
US$/TROY OZ
USC/TROY OZ
RMB/TON
RMB/TON
KLTM
CMX
CMX
NYMEX
NYMEX
CMX
SHF
SHF
15,530
2.44
1,108.20
964.00
597.50
14.33
11,970
14,425
130
0.01
5.60
5.80
-2.95
0.01
10
-40
LIGHT CRUDE OIL
US$/BBL
HEATING OIL
USC/GAL
NATURAL GAS
US$/MMBTU
BRENT CRUDE
US$/BBL
GAS OIL
US$/TON
NYMEX
NYMEX
NYMEX
ICE
ICE
CRUDE PALM OIL
RUBBER
CORN
SOYBEANS
WHEAT
LIVE CATTLE
COCOA
COFFEE
SUGAR
COTTON
LAST PRICE CHANGE
METAL & PRECIOUS METALS
TIN
COPPER
GOLD
PLATINUM
PALLADIUM
SILVER
ALUMINIUM
ZINC
ENERGY
45.32
0.73
1.5374 0.0149
2.790 -0.010
48.40
0.65
464.75
7.75
Sen/Kg
1100
1700
900
1325
416.50
950
(-3.00)
500
528.50
(-12.00)
575
300
Jan 7, 2007
Sept 16, 2015
Rubber - M’sia SMR 20
Sen/Kg
700
Aug 31, 2008
200
Sept 15, 2015
Jan 7, 2007
Sept 15, 2015
Markets
40
F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 9
YOUR DAILY FINANCIAL MARKET S ROUNDUP
I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 8
G L O BA L M A R K E T S PA G E 3 7
M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 3 3
RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com]
1,647.15
7.52
5,405.27
21.89
2,868.74
26.80
18,171.60
145.12
21,966.66
1655.0
1652.2
1649.4
1646.6
1643.8
1641.0
1638.2
1635.4
1632.6
1629.8
1627.0
Index point
KL Composite Index
KLCI futures
1,647.15
(+7.52)
1,637.00
(+6.00)
8:45 9:30
10:30
11:30
12:45
14:30
15:30
16:30 17:15
Daily FBM KLCI
Moving average - 20-day
KL Composite Index
1950.0
INGENCO
FGV
THHEAVY
SCOMI
SONA-WA
CLIQ-WA
FGV-C4
UMWOG
JAKS
SONA
LEWEKO
FBMKLCI-HZ
HALEX
UMW
MBSB
BRAHIMS
VOLUME
('000)
CHANGE
(%)
CHANGE
(RM)
CLOSE
(RM)
HIGH
(RM)
LOW
(RM)
137,633
83,103
78,932
45,407
20,399
10,688
10,591
10,330
9,816
9,519
6,595
5,800
5,275
5,096
4,640
3,764
0.00
-1.83
2.27
2.63
6.25
5.56
0.00
7.41
2.63
0.00
0.00
-6.38
-2.34
0.13
4.67
13.56
0.000
-0.030
0.005
0.005
0.005
0.005
0.000
0.080
0.025
0.000
0.000
-0.030
-0.015
0.010
0.070
0.080
0.065
1.610
0.225
0.195
0.085
0.095
0.030
1.160
0.975
0.435
0.135
0.440
0.625
7.910
1.570
0.670
0.075
1.800
0.260
0.210
0.095
0.105
0.045
1.180
1.000
0.440
0.150
0.450
0.710
8.060
1.610
0.730
0.060
1.580
0.220
0.190
0.080
0.090
0.025
1.100
0.945
0.430
0.130
0.420
0.575
7.910
1.530
0.610
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.
1,647.15
(+7.52)
1667.5
KLCI extends gain on bargain
hunting, Valuecap’s RM20b boost
1,593.70
1385.0
1102.5
820.0
Jan 2, 2008
Sept 15, 2015
900
600
300
0
Volume (’mil)
FBM KLCI futures
CONTRACT
SETTLEMENT
CHANGE
HIGH
LOW
SEP-15
OCT-15
DEC-15
1,637.00
1,624.00
1,598.50
6.00
2.00
3.00
1,646.50
1,636.00
1,610.00
1,626.50
1,615.00
1,590.00
KLCI
POINTS
CHANGE
(RM)
CLOSE
(RM)
VOLUME
('000)
1.92
1.19
0.97
0.85
0.64
0.44
0.41
0.20
0.20
0.18
0.15
0.14
-0.18
-0.27
-0.28
-1.06
5.50
2.02
7.52
0.200
0.080
0.060
0.080
0.100
0.040
0.080
0.020
0.100
0.040
0.020
0.010
-0.010
-0.560
-0.020
-0.080
12.160
6.140
8.570
7.780
6.800
4.060
4.760
1.870
15.460
6.340
8.690
4.910
1.580
62.380
5.840
5.500
17659.9
13726.7
18416.8
1822.9
4615.6
4327.5
9523.4
18512.5
371.3
1149.3
7800.8
17347.3
2792.3
357.3
5408.9
9884.0
FBM KLCI sensitivity*
TENAGA NASIONAL
AXIATA GROUP
MAYBANK
SIME DARBY
TELEKOM MALAYSIA
IOI CORPORATION
AMMB HOLDINGS
SAPURA-KENCANA
PPB GROUP
RHB CAPITAL
MISC
CIMB GROUP
YTL CORPORATION
BRITISH AME TOBACCO
IHH HEALTHCARE
DIGI.COM
SUB-TOTAL
OTHERS
GRAND TOTAL
* How stock price changes affected the index on the previous trading day
228.89
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES
STOCK
16,599.85
Market movers
The most wasted day is that in which we have not
laughed. — Sebastien-Roch Nicolas
FBM KLCI & KLCI futures intraday
511.43
INGENCO
AEMULUS
FGV
THHEAVY
FBMKLCI-HK
PBBANK-C5
FGV-C7
UEMS
FBMKLCI-C12
SCOMI
SUMATEC
FBMKLCI-H5
TMS
AIRASIA
FRONTKN
ARMADA
PERISAI
KNM
FBMKLCI-HG
IFCAMSC
TURNOVER
(‘000)
CHANGE
(RM)
CHANGE
(%)
PRICE
(RM)
PE
RATIO
DIVIDEND
YIELD (%)
137,633.1
92,263.8
83,103.3
78,931.6
74,787.5
67,677.7
59,593.7
55,539.6
55,040.3
45,407.2
44,182.1
39,209.9
35,480.8
33,746.1
32,701.4
30,257.9
28,943.0
28,858.3
28,127.9
27,660.2
UNCH
0.115
-0.030
0.005
0.010
UNCH
-0.020
0.010
-0.020
0.005
0.005
-0.010
UNCH
-0.010
-0.010
UNCH
UNCH
UNCH
0.005
-0.025
UNCH
41.07
-1.83
2.27
4.00
UNCH
-17.39
0.93
-10.53
2.63
3.33
-5.88
UNCH
-0.81
-5.71
UNCH
UNCH
UNCH
1.85
-3.01
0.065
0.395
1.610
0.225
0.260
0.065
0.095
1.080
0.170
0.195
0.155
0.160
0.120
1.220
0.165
0.905
0.340
0.500
0.275
0.805
—
—
50.31
—
—
—
—
10.09
—
6.33
7.77
—
—
—
9.56
—
13.88
13.97
—
12.54
0.00
0.00
6.10
0.00
0.00
0.00
0.00
2.80
0.00
0.00
0.00
0.00
0.00
2.44
0.00
1.80
0.00
0.00
0.00
1.20
Top gainers and losers (ranked by RM)
UP
UTDPLT
NESTLE
AIRPORT
ALLIANZ-PA
DOMINAN-WA
CMSB
DIN042300721
BLDPLNT
TENAGA
TASCO
SOP
SHANG
CLOSE
CHANGE
(RM)
26.700
72.020
5.580
10.700
0.295
5.200
98.800
8.000
12.160
3.580
3.990
6.300
0.500
0.480
0.480
0.380
0.290
0.270
0.200
0.200
0.200
0.180
0.170
0.160
0.060
0.045
0.060
0.010
0.025
0.050
0.040
0.040
0.085
0.060
500.00
125.00
100.00
100.00
66.67
66.67
60.00
60.00
54.55
50.00
DOWN
BAT
HSI-HL
TOPGLOV
MAGNI
KOSSAN
SASBADI
GASMSIA
NHFATT
DKSH
OWG
EWEIN
MRCB-C2
CLOSE
CHANGE
(RM)
62.380
1.900
7.800
4.450
7.100
2.520
2.200
2.250
3.550
2.320
0.705
0.070
-0.560
-0.480
-0.180
-0.160
-0.150
-0.130
-0.120
-0.120
-0.110
-0.100
-0.095
-0.080
0.005
0.010
0.070
0.005
0.010
0.005
0.005
0.005
0.005
0.015
-66.67
-66.67
-53.33
-50.00
-50.00
-50.00
-50.00
-50.00
-50.00
-40.00
KUALA LUMPUR: The FBM KLCI rose 7.52 points or 0.5%
following Prime Minister Datuk Seri Najib Razak’s announcement on Malaysian government’s measures to support the
local share market and economy.
At 5pm, the KLCI settled at 1,647.15 points. On Monday,
the index jumped 36.03 points to close at 1,639.63.
On Tuesday, Areca Capital Sdn Bhd’s chief executive officer Danny Wong said the economic stimulus announcement, which included the RM20 billion allocation for state- Top gainers and losers (ranked by percentage)
owned fund manager Valuecap Sdn Bhd, had partly resulted
UP
CHANGE
DOWN
CHANGE
in the KLCI’s gains on Tuesday. Valuecap is equally-owned
CLOSE
(%)
CLOSE
(%)
by Khazanah Nasional Bhd, Kumpulan Wang Persaraan
DOMINAN-WA
0.295
5,800
DRBHCOMC11
0.005
-90.00
(Diperbadankan) and Permodalan Nasional Bhd.
0.070
1,300
CIMB-C4
0.005 -85.71
“In part, the prime minister’s announcement on Monday LEWEKO-WB
WCT-CV
0.060 500.00
FBMKLCI-CP
0.005 -66.67
lifted the market; but overall, the market has been trending up, GENM-C10
0.045 125.00
AAX-CT
0.010 -66.67
after bottoming out recently. We are seeing the serious buyers AIRPORT-CO
0.060 100.00
MRCB-C2
0.070 -53.33
re-entering the market, and the local funds are also taking ad- CRESBLD-WB
0.010 100.00
AMEDIA-WA
0.005 -50.00
FBMKLCI-CS
0.025
66.67
MCLEAN-WA
0.010 -50.00
vantage of the recent weakness in the market.” said Danny.
0.050
66.67
FBMKLCI-CN
0.005 -50.00
“The focus is now on undervalued stocks, especially those TM-C5
0.040
60.00
AIRASIAC21
0.005 -50.00
in the oil and gas (O&G), plantation and property segments, FGV-C5
TGOFFS-WA
0.040
60.00
HUBLINE-WA
0.005 -50.00
following the recent selldown,” Wong told theedgemarkets.com. AXIATA-C4
0.085
54.55
SUPERMX-CX
0.005 -50.00
Bursa Malaysia saw 2.29 billion shares, worth RM2.39 HSI-CR
0.060
50.00
YAHOO-C3
0.015 -40.00
billion, traded. Gainers beat decliners at 432 versus 415.
Leading gainer was United Plantations Bhd, while top Top gainers and losers - warrants (ranked by percentage)
decliner was British American Tobacco (M) Bhd. The most
UP
CHANGE
DOWN
CHANGE
active counter was Ingenuity Consolidated Bhd. — by AhCLOSE
(%)
CLOSE
(%)
mad Naqib Idris
DOMINAN-WA
0.295
5,800
DRBHCOMC11
0.005 -90.00
LEWEKO-WB
0.070
1,300
CIMB-C4
0.005 -85.71
World equity indices
DOW JONES
S&P 500
NASDAQ 100
FTSE 100
AUSTRALIA
CHINA
HONG KONG
INDIA
CLOSE
CHANGE
16,599.85
1,978.09
4,360.28
6,137.60
5,098.86
3,152.26
21,966.66
25,963.91
228.89
25.06
51.52
53.00
80.42
147.09
511.43
258.04
INDONESIA
JAPAN
KOREA
PHILIPPINES
SINGAPORE
TAIWAN
THAILAND
VIETNAM
CLOSE
CHANGE
4,332.51
18,171.60
1,975.45
7,093.92
2,868.74
8,333.29
1,381.80
564.13
-14.65
145.12
37.89
4.91
26.80
73.30
11.15
0.86
WCT-CV
GENM-C10
AIRPORT-CO
CRESBLD-WB
FBMKLCI-CS
TM-C5
FGV-C5
TGOFFS-WA
AXIATA-C4
HSI-CR
We thank you for your support
#isupporttheedge
#attheedge
FBMKLCI-CP
AAX-CT
MRCB-C2
AMEDIA-WA
MCLEAN-WA
FBMKLCI-CN
AIRASIAC21
HUBLINE-WA
SUPERMX-CX
YAHOO-C3

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