to cut opr if economy weakens
Transcription
to cut opr if economy weakens
FBM KLCI 1657.85 2.77 KLCI FUTURES 1659.00 3.50 STI 2862.38 14.29 RM/USD 4.0600 CPO RM2588.00 11.00 OIL US$52.10 0.66 GOLD US$1255.10 9.60 PP 9974/08/2013 (032820) PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST) THURSDAY JUNE 9, 2016 ISSUE 2185/2016 FINANCIAL DAILY MAKE BETTER DECISIONS www.theedgemarkets.com EcoWorld rescinds letter of award for RM10b Eco Marina project in Penang 5 H O M E B U S I N E S S 5 HOME BUSINESS Salcon bags 2 water infrastructure jobs worth RM232m 6 HOME BUSINESS BAT sells PJ factories and land for RM218m 7 HOME BUSINESS IHH Healthcare to develop tertiary hospital in Shanghai ‘Bank Negara may have TO CUT OPR IF ECONOMYONWEAKENS’ LY s the y, it' l s u o i Ser ! t r a et smt Set up registryG for 13 H O M E x sex off ffenders, your ne says expert Find World ortal Bank slashes this year’s p y t r rope u negrowth ed pglobal forecast to 2.4% from yo e @ m o h rty.com 2.9%. Meena Lakshana has the story on Page 4. e p o r P e g d E e Th 14 H O M E Redevelopment of Sungai Perak banks adds to beauty of Kuala Kangsar 1617 FOCUS The best luxury sedan still a BMW Weaker global semiconductor sales reaffirm downcycle is shaping up 9 HOME BUSINESS FBM KLCI 1657.85 2.77 KLCI FUTURES 1659.00 3.50 STI 2862.38 14.29 RM/USD 4.0600 CPO RM2588.00 11.00 OIL US$52.10 0.66 GOLD US$1255.10 9.60 PP 9974/08/2013 (032820) PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST) THURSDAY JUNE 9, 2016 ISSUE 2185/2016 FINANCIAL DAILY MAKE BETTER DECISIONS www.theedgemarkets.com EcoWorld rescinds letter of award for RM10b Eco Marina project in Penang 5 H O M E B U S I N E S S 5 HOME BUSINESS Salcon bags 2 water infrastructure jobs worth RM232m 6 HOME BUSINESS BAT sells PJ factories and land for RM218m 7 HOME BUSINESS IHH Healthcare to develop tertiary hospital in Shanghai 13 H O M E Set up registry for sex offenders, says expert ‘Bank Negara may have TO CUT OPR IF ECONOMY WEAKENS’ World Bank slashes this year’s global growth forecast to 2.4% from 2.9%. Meena Lakshana has the story on Page 4. 14 H O M E Redevelopment of Sungai Perak banks adds to beauty of Kuala Kangsar 1617 FOCUS The best luxury sedan still a BMW Weaker global semiconductor sales reaffirm downcycle is shaping up 9 HOME BUSINESS T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 2 For breaking news updates go to www.theedgemarkets.com ON EDGE T V www.theedgemarkets.com #JustSaying: Bloody Animal Business AirAsia the real target of latest alliance It can be matched in a price war only by rivals prepared to lose money BY DAV ID F I C K LI NG The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia Publisher and Group CEO Ho Kay Tat EDITORIAL For News Tips/Press Releases Tel: 03-7721 8219 Fax: 03-7721 8038 Email: eeditor@bizedge.com Senior Managing Editor Azam Aris Executive Editors Kathy Fong, Jenny Ng, Siow Chen Ming, Ooi Inn Leong Associate Editors R B Bhattacharjee, Joyce Goh, Jose Barrock, Vasantha Ganesan Editors Cindy Yeap, Kang Siew Li Assistant Editors Adeline Paul Raj, Tan Choe Choe Chief Copy Editor Halim Yaacob Senior Copy Editor Melanie Proctor Copy Editors Evelyn Chan, Tham Yek Lee, Tham Kid Cheng Art Director Sharon Khoh Design Team Cheryl Loh, Valerie Chin, Aaron Boudville, Aminullah Abdul Karim, Yong Yik Sheng, Tun Mohd Zafian Mohd Za’abah, Noorain Duasa SYDNEY: A spectre is haunting Asian aviation — the spectre of AirAsia. Do not make the mistake of thinking that Thai Airways’ plan for a tieup among 10 airlines in the region is about fighting off competition from the Value Alliance, a group of budget carriers formed last month. After all, one of the Value Alliance’s founding members is Nok Air, Thai’s own low-cost affiliate. Indeed, of the grouping’s eight constituents, all but two are connected with full-service carriers Thai Airways, Singapore Air, Virgin Australia or All Nippon Airways. Both alliances are better understood as a circling of the wagons against the impending threat from Malaysia’s AirAsia, the world’s best-performing airline stock this year after its own long-haul arm AirAsia X. Group chief executive officer Tan Sri Tony Fernandes, never one to hide his light under a bushel, has admitted as much. The Value Alliance is “a little bit of an act of desperation from some airlines that are not doing so well”, he said in an interview with Bloomberg TV’s Haidi Lun last month (see Chart 1). Even as it has throttled back expansion in recent years in the face of a glutted Southeast Asian market, the carrier has not stopped growing. Available seat kilometres, a capacity measure, topped 10 billion for the first time in the three months ended March — a 58% increase in five years. Such growth can be dangerous for airlines if it runs ahead of demand, but AirAsia is in a strong position. With a load factor of 85% in the first quarter, the company was filling a bigger share of its seats than in any quarter since 2013. That suggests it was matching supply to demand pretty well. See related story on Page 7 Fernandes has also got an operational advantage that should stand him in good stead. While travellers in the United States and Europe may think locally dominant carriers Ryanair and Southwest are fanatical about costs, AirAsia puts both to shame. At 1.87 US cents (7.59 sen) per available seat kilometre excluding fuel, AirAsia’s costs are about 20% below Ryanair’s and barely a third of Southwest’s (see Chart 2). That is important in any looming market-share battle because most passengers are not loyal, and can use comparison websites to pick the cheapest flight. With the lowest operating costs in the region, AirAsia can be matched in a price war only by rivals prepared Chart 1: EDITORIAL ADMINISTRATION Manager Katherine Tan Assistant Manager Madeline Tan Senior Coordinator Maryani Hassan CORPORATE Managing Director Au Foong Yee Deputy Managing Director Lim Shiew Yuin ADVERTISING & MARKETING To advertise contact GL: (03) 7721 8000 Fax: (03) 7721 8288 Chief Marketing Officer Sharon Teh (012) 313 9056 General Manager, Digital Media Kingston Low (012) 278 5540 Senior Sales Managers Fong Lai Kuan (012) 386 2831 Peter Hoe (019) 221 5351 Gregory Thu (012) 376 0614 Creative Marketing Chris Wong (016) 687 6577 Head of Marketing Support & Ad Traffic Lorraine Chan (03) 7721 8001 Email: mkt.ad@bizedge.com OPERATIONS To order copy Tel: 03-7721 8034 / 8033 Fax: 03-7721 8282 Email: hotline@bizedge.com TheEdgeProperty.com Managing Director Au Foong Yee Editor Lam Jian Wyn Contributing Editor Sharon Kam Assistant Editor James Chong MARKETING & ADVERTISING Account Director Sharon Chew (012) 316 5628 BUSINESS DEVELOPMENT Senior Manager Elizabeth Lay to lose money on every flight. Fernandes’s holy grail is to see an open skies agreement across Asean that would allow his carrier to take advantage of deregulation in the same way that Ryanair did in Europe in the 1990s and Southwest in the US in the 1980s. That vision remains remote, with the grouping’s most populous nations, Indonesia and the Philippines, still choosing to protect their domestic markets. But in the meantime, Fernandes has affiliates in both nations plus Thailand, and has started up a unit in India with another on the way in Japan. That backdrop, and the shares’ run-up over the past few months, might suggest that all the benefit for AirAsia has been priced in. But on price-earnings ratio, it is still the cheapest stock among 16 budget airlines globally worth more than US$1 billion, according to data compiled by Bloomberg. A valuation of 7.1 times forecast earnings over the next 12 months is well below the median 10.3 times. With growing inbound demand to Malaysia from Indian and Chinese travellers, and a big slice of fuel costs hedged for the next few quarters at close to current spot crude prices, there is little sign that AirAsia’s run is over just yet. — Bloomberg IN BRIEF Lancome faces anger, protests in Hong Kong HONG KONG: Cosmetics giant Lancome closed some of its outlets in Hong Kong yesterday as protesters gathered at a major mall after the company cancelled a concert featuring a local singer critical of China. Many Hong Kong residents believe the promotional gig by pro-democracy activist Denise Ho was cancelled after China’s state-run media criticised the French company for allowing her to perform. The row comes as fears grow in the semi-autonomous city that Beijing is tightening its grip. Dozens of protesters gathered at the central Times Square shopping mall yesterday afternoon shouting: “Boycott Lancome!” and “Shame on self-censorship!” — AFP Suzuki patriarch steps down from CEO post TOKYO: Suzuki Motor Corp patriarch Osamu Suzuki is stepping down as chief executive officer (CEO) and the Japanese automaker has promised to cut executive pay and slash 2015 bonuses, hoping to draw a line under the bruising admission of major flaws in its fuel tests. Executive vice-president Osamu Honda, who also served as chief technical officer, will retire, taking responsibility for the research and development team at the heart of the testing scandal. Japan’s No 4 automaker by sales said in May it had used the wrong methods to calculate mileage for models going back to 2010. — Reuters European Parliament sets up inquiry committee STRASBOURG: The European Parliament set up an inquiry committee in response to the Panama tax-cheating leaks, seeking to put the spotlight on regulators across Europe. The European Union assembly gave the special panel a mandate to “investigate alleged contraventions and maladministration in the application of union law in relation to money laundering, tax avoidance and tax evasion”. The committee, approved yesterday in Strasbourg, France, will be composed of 65 European Parliament members and have 12 months to produce a report with policy recommendations. — Bloomberg IEA sees slower global gas demand growth Chart 2: * BRUSSELS: Growth in natural gas demand will slow to an average 1.5% a year globally through 2021, as stagnation in Europe and uncertainty about Chinese consumption offset robust growth in India, the International Energy Agency (IEA) said yesterday. After growth of 2.5% over the last six years, gas is facing competition from renewable energy and cheap coal, meaning the global gas market will remain oversupplied. “Developments are pointing to a period of oversupply,” IEA head Fatih Birol said in the agency’s annual medium-term gas outlook. — Reuters T HUR SDAY JU N E 9, 2 0 16 • TH EEDGE FI N AN C I AL DAI LY 4 HOME BUSINESS ‘Bank Negara may have to cut OPR’ This year’s global economic growth forecast slashed to 2.4% BY MEEN A L A KSHANA KUALA LUMPUR: As the global economic outlook turns gloomier, economists opine that Bank Negara Malaysia (BNM) may have to opt for an interest rate cut to stimulate domestic growth. “While policymakers and economists are hopeful for exports to rebound modestly in the second half of this year, this is not assured and if exports continue to languish in the second half, there is a downside risk to the country’s economic growth this year,” RHB Research’s chief economist Lim Chee Sing told The Edge Financial Daily. Lim noted that weaker global growth will point to a weak export outlook for Malaysia, citing that the global trade declined 1.7% quarter-on-quarter (q-o-q) in volume and 2.9% q-o-q in value in the first quarter of 2016. He stressed that weak exports would create a chain effect to the domestic economy, ranging from private investments, employment to wage payments and consumer spending. “All these will culminate in dampening domestic demand and economic growth over time,” he said. ForexTime (FXTM) said in a note yesterday that there could be a like- lihood that central banks unleash further accommodative monetary policies in a bid to retain stability in view of the International Monetary Fund’s (IMF) and World Bank’s cut to global economic growth. “Although stock markets displayed a miraculous rebound during trading on Tuesday after the abrupt appreciation in oil prices that elevated global sentiment, the lingering fears over the health of the global economy could force equities to relinquish previous gains as risk aversion intensifies,” FXTM added. Yesterday, the World Bank cut this year’s global economic growth forecast to 2.4% from the 2.9% projected in January. The move is due to “stubbornly low commodity prices” and faltering demand in advanced economies at a time when “the horrible combination” of mounting Brexit anxieties, ongoing China woes, and depressed commodity prices have exposed most major nations to downside risks, the World Bank said in a statement. In April, the IMF cut its global economic growth outlook for this year to 3.2% from 3.4% previously. The Organisation for Economic Co-operation and Development (OECD) had lowered its growth forecast for the combined economy of the 34 OECD countries to 1.8% this year from an earlier projection of 2.2%. Lim said the revision of all three institutions on the global economic growth for this year points to the fact that world economies are still struggling to sustain growth, which has been sub-par and below trends since the recession of 2008 to 2009, and despite significant policy ease. BNM has kept overnight policy rate (OPR) at 3.25% — a move to adopt the accommodative monetary policy. The last revision on OPR was in July 2014 when it was raised by 25 basis points. Lim commented that although Malaysia has grown to be less dependent on exports over time, exports still account for about 73% of the country’s gross domestic product in real terms. Lim expects the government’s projection of economic growth is likely to register at the lower end of the 4% to 4.5% growth range, with the research firm expecting a 3.9% growth for 2016. The mitigating factors in Malaysia’s economy, according to Lim, are the continued implementation of sizeable infrastructure-related projects under the Economic Transformation Programme such as the mass rapid transit lines, light rail transit Line 3, the Pan Borneo Highway, and the Pengerang Integrated Petroleum Complex in Johor. (%) MAS says no Singapore bank received 1MDB bond proceeds SINGAPORE: The Monetary Authority of Singapore (MAS) said yesterday no bank in Singapore received a US$3 billion (RM12.19 billion) wire transfer from Goldman Sachs which had arranged a bond issuance for Malaysian state fund 1Malaysia Development Bhd (1MDB). The Wall Street Journal (WSJ) reported this week that proceeds from the 1MDB US$3 billion bonds ended up in the Singapore branch of a Swiss bank. 1MDB is subject of multiple money-laundering investigations in at least six countries including the United States, Switzerland and Singapore. Malaysian Prime Minister Datuk Seri Najib Razak has been facing calls to step down over allegations of graft and billions of dollars in misappropriated funds. Critics say Najib was a beneficiary of 1MDB’s funds, after about US$681 million was deposited in his bank account before a 2013 election. Najib has consistently denied any wrongdoing. It is rare for the Singapore’s central bank to issue statements about specific banking transactions, and it said it was doing so in response to media queries. “MAS stated that no bank in Singapore received the US$3 billion wire transfer from Goldman Sachs in relation to the bond issuance for 1MDB,” an MAS spokeswoman said. Goldman Sachs declined to comment on the MAS statement. The WSJ, citing people familiar with the investigation, reported that US law enforcement officials were attempting to identify whether Goldman Sachs Group Inc violated federal law after failing to flag a transaction in Malaysia. The newspaper said half of the proceeds from the sale of the bonds, which were transferred to a Swiss bank account controlled by 1MDB, disappeared offshore with some later ending up in Najib’s bank account. The United States is also reviewing Goldman Sachs’ business relationship with 1MDB as part of a broader investigation into the fund. — Reuters 1MDB reiterates strong liquidity position BY SANGEETHA AMARTHALINGAM KUALA LUMPUR: State fund 1Malaysia Development Bhd (1MDB) has reiterated that its liquidity position is strong and the company remains focused on execution of its successful rationalisation plan after Moody’s Investor Services Inc withdrew its Aa2 credit rating for 1MDB Energy Ltd’s 5.99% US$1.75 billion senior unsecured note, for its own business reasons. In a statement yesterday, 1MDB made it clear that the withdrawal was undertaken without a downgrade in Moody’s Aa2 credit rating for the energy notes and that they continue to benefit from an “AA” rating from Standard and Poor’s. “1MDB reiterates that its liquidity position is strong and the company remains focused on execution of its successful rationalisation plan,” it said. In its attached note to editor, 1MDB said as per Moody’s policy for withdrawal for credit ratings dated Dec 14, 2015, business reasons meant that Moody’s will withdraw the rating for a rated entity or an obligation for reasons unrelated to the situations. “When Moody’s indicates that a credit rating was withdrawn for “business reasons,” this refers to its business reasons, not the business reasons of the rated entity or obligor. “Moody’s business reasons generally do not reflect any concerns about the rated entity’s creditworthiness or the quality of its management. Its decision to withdraw a rating under these circumstances will attempt to balance the informational benefit to market participants from maintaining a credit rating against the resources required to maintain and monitor that credit rating or other business considerations,” 1MDB added. Berjaya Corp disposes of entire 8.43% stake in Magni-Tech EMDE: Emerging market and developing economies. BY B IL LY TO H SOURCE: WWW.WORLDBANK.ORG/GEP Cagamas appoints BNM staff as non-executive director BY SA N GEETHA AM ARTHALINGAM KUALA LUMPUR: Cagamas Bhd’s holding company Cagamas Holdings Bhd has appointed Bank Negara Malaysia (BNM) assistant governor Shaik Abdul Rasheed Abdul Ghaffour and former BNM Laman Infomasi Nasihat dan Khidmat (LINK) and regional offices department director Wan Hanisah Wan Ibrahim as its non-executive directors. In a statement, the national mort- gage corporation said Wan Hanisah and Shaik started serving in their positions beginning May 26 and June 1 this year, respectively. Cagamas chairman Datuk Ooi Sang Kuang said the group looked forward to benefitting from their depth of knowledge and expertise in the financial sector. Shaik is responsible for BNM’s monetary and economics sector which also includes the international relations and statistical services func- tions of the bank. He is also a member of the Monetary Policy Committee, the Management Committee, the Reserve Management Committee and the Risk Management Committee of the Bank. Meanwhile, Wan Hanisah who comes with more than 30 years of experience at BNM, previously held directorship roles in the bank’s International Department, Treasury Department and Foreign Exchange Administrations Department. KUALA LUMPUR: Berjaya Corp Bhd (BCorp)’s wholly-owned subsidiary, Juara Sejati Sdn Bhd, had disposed of its entire 8.43% stake, comprising 13,716,900 ordinary shares of RM1.00 each, in Magni-Tech Industries Bhd (Magni-Tech) for a cash consideration of about RM56.71 million or an average price of RM4.13 per share. The disposal was done via direct business transactions during the period from Jan 13, 2016 to June 7, 2016. The average price of RM4.13 was at a discount of 24 sen to Magni-Tech’s closing price of RM4.37. According to an announce- ment to Bursa, the cash proceeds arising from the share disposal will be utilised as working capital of the BCorp Group. Based on the BCorp Group carrying value of RM56.00 million, the share disposal resulted in a net gain of RM1.19 million, since the said carrying value has incorporated a re-measurement gain of RM29.23 million. The said gains were all recognised in the previous financial year ended April 30, 2016. As of closing yesterday, BCorp edged up by 1.37% to 37 sen, with 10.46 million shares traded; while Magni-Tech’s share price fell by 0.68% to RM4.37, with only 69,600 shares exchanging hands. THU RSDAY J U N E 9 , 2016 • T HEED G E FINA NCIA L DA ILY HOME BUSINESS 5 EcoWorld rescinds LoA for RM10b Eco Marina project ‘Studies show acreage needed for golf course higher than thought’ BY SA NGEETHA A MARTHALINGAM KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld) and Penang Development Corp (PDC) have agreed to rescind a letter of award (LoA) for the proposed RM10 billion Eco Marina project to build a 60.7ha golf course and 121.26ha mixed development in Batu Kawan, Seberang Perai Selatan in Penang. “Extensive studies undertaken as part of the detailed planning process have revealed that the acreage required for the golf course development would be significantly higher than originally contemplated which adversely impacts the viability of the project,” EcoWorld told Bursa Malaysia yesterday. The developer added that an announcement would be released in due course upon EcoWorld and PDC entering into a deed of rescission to give effect to the rescission. The rescission is not expected to have any material financial impact on the group’s earnings per share and net asset per share. To recap, EcoWorld announced in April last year that it had accepted a LoA dated March 26, 2015 from PDC for the Eco Marina project with a gross development value of RM10 billion. It featured the purchase and development of the 121.26ha of 99-year leasehold land into residential and commercial properties for about RM730.93 million. It also includes the lease of 607ha of land for a 30-year period with an option of renewal for a further 30-year period for the development of an international standard golf course with a minimum of 18 holes, and a clubhouse for a lease consideration of RM65.34 million. The board obtained a combined current market valuation of RM760.3 million for the land parcels based on the valuation by independent valuers Khong and Jaafar Sdn Bhd on April 20, 2015. EcoWorld then said that the project would present a significant opportunity to showcase the full spectrum of its master planning and township development capabilities in Penang. EcoWorld’s shares closed unchanged at RM1.28, with a market capitalisation of RM3.02 billion. Salcon bags two water infrastructure jobs worth RM232m BY S UPR IYA S UR E N D R A N KUALA LUMPUR: Wastewater engineering company Salcon Bhd has bagged two water infrastructure jobs totalling RM232.19 million. The company’s wholly owned subsidiary Salcon Engineering Bhd has accepted a RM217.67 million award from Konsortium Amanie JV Sdn Bhd and a RM14.52 million contract from Pengurusan Aset Air Bhd, it said in a filing to Bursa Malaysia. The project for Konsortium Amanie involves the designing and building of a 120-millionlitres-per-day conventional water treatment plant and service tank, and the installation of raw water and clean water pipes, for the Kuala Terengganu Utara Water Supply Scheme. The duration of the project is 35 months. Salcon said its project with Pengurusan Aset Air, for a duration of eight months, involves the upgrading of the Sg Lebam water treatment plant and distribution system in Johor. Filepic of Salcon’s wastewater treatment plant. The first package covers the upgrading of two existing tanks to the dissolved air flotation system. The first package covers the upgrading of two existing tanks to the dissolved air flotation system, which removes suspended solids from water. Salcon said the projects are expected to contribute positively towards the earnings and net assets of the group for the financial years ending Dec 31, 2016 (FY16), FY17, FY18 and FY19. Salcon shares closed up 1.5 sen (2.5%) at 61.5 sen yesterday with a market capitalisation of RM406.44 million. T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 6 HOME BUSINESS BAT sells PJ factories and land for RM218m Move should boost its cash pile up to RM256.47m BY C H ESTER TAY KUALA LUMPUR: British American Tobacco (M) Bhd (BAT) is disposing of its factories and two parcels of leasehold land measuring 5.3ha in Virginia Park, Petaling Jaya, Selangor, for RM218 million cash. In a bourse filing yesterday, BAT said its wholly-owned subsidiary Tobacco Importers and Manufacturers Sdn Bhd (TIM) had entered into a conditional sale and purchase agreement (SPA) with LGB Properties (M) Sdn Bhd for the asset disposal. LGB Properties was the winner of a public tender conducted for the disposal. The disposal came after BAT announced that it would be shutting down its manufacturing operations in Petaling Jaya in stages, as it restructured its business operations in Malaysia due to an increasingly challenging business environment. BAT said then the closure of its manufacturing operations would affect about 230 employees. The restructuring is targeted to be completed by the second half of 2017. Based on the purchase price, BAT is expecting a net gain of about RM148.78 million or 52.1 sen per share after taking into consideration the audited net book value of the property, the estimated expenses to BAT said the use of the sale proceeds will be reviewed and determined by end2016. The sum may be distributed as dividends, used to undertake a capital reduction and/or repay current revolving credit facilities. be incurred for the proposed disposal, and the real property gains tax. The price tag, however, is below the market value of RM262.5 million for the assets, as appraised by DTZ Nawawi Tie Leung Property Consultants Sdn Bhd on April 22, 2016. BAT said the market value of the land parcels is RM216.8 million, whereas the market value of the buildings is RM45.7 million. Still, the proceeds are poised to boost the cigarette producer’s cash and bank balances up to RM256.47 million, from its current cash pile of RM38.47 million as at March 31, 2016. The property was previously acquired by TIM on Nov 25, 1996 at RM62.39 million from BAT, which MOST VIEWED STORIES ON theedgemarkets.com was then known as Rothmans of Pall Mall (M) Bhd. BAT said the use of the sale proceeds will be reviewed and determined by end-2016. The sum may be distributed as dividends, used to undertake a capital reduction and/ or repay current revolving credit facilities. The disposal is subject to BAT shareholders’ approval within three months from the date of the SPA. The group expects to complete the disposal by the end of the year. “The proposed disposal is in line with the company’s intention to cease TIM’s factory operations further to its objective to restructure its business operations in Malaysia by sourcing tobacco products for the domestic market from other BAT group factories regionally,” the filing read. Aside from the SPA, TIM and LGB Properties also executed a tenancy agreement for the former to rent these properties for 12 months on a monthly rental of RM1.09 million. BAT said TIM may request to extend the tenancy for two further terms of six months at the same monthly rental. BAT was the biggest loser yesterday. Its share price fell by RM1.60 or 3.09% to RM50.20, with a market capitalisation of RM14.43 billion. KUALA LUMPUR: Scan Associates Bhd’s external auditor Baker Tilly Monteiro Heng has resigned as the company’s external auditor yesterday, citing outstanding professional fees owed to it and its subsidiaries. The second reason cited for the move was its receipt of a writ and statement of claim by Scan Associates director and substantial shareholder Yeoh Eng Kong on May 16, though no details were provided as to what the lawsuit was about. “In lieu of the matter above, the company will hold a special board meeting early next week to deliberate on the issue,” the loss-making firm told Bursa Malaysia yesterday. Last October, the external auditor issued a “disclaimer of opinion” over the company’s financial statements for the financial period ended June 30, 2015 (FY15), and said it could not obtain sufficient Mulpha’s rights issue undersubscribed by 13.76% BY GHO C H EE YUAN KUALA LUMPUR: Mulpha International Bhd’s two-call rights issue has been undersubscribed by 146.82 million shares, or 13.76%. In a filing with Bursa Malaysia yesterday, Mulpha International said that as at June 1, the date for the closing and acceptance of payment, the company received 880.65 million or 82.55% of acceptances for its rights shares, and another 39.36 million or 3.69% of excess applications. This brings the total acceptances and excess applications for the rights shares to 920 million, representing 86.24% of the 1.07 billion rights shares available for subscription. The group said it had resolved to NOV 2015 DEC 2015 JAN 2016 FEB 2016 MAR 2016 APR 2016 MAY 2016 Malaysian govt securities (%) BNM bills (%) Govt investment issue (%) 47.3 47.7 47.9 47.5 48.7 49.1 48.7 98.5 5.4 98.5 5.3 98.5 5.3 86.0 5.4 98.1 6.9 98.2 8.5 90.9 8.7 StanChart still ‘positive’ on Malaysian bonds, despite weaker demand BY A H MA D N AQ IB ID R IS KUALA LUMPUR: Standard Chartered Bank said it is maintaining a “positive’ outlook for Malaysian government securities (MGS), despite indications of weak demand, with foreign flows into the bonds being significantly lower at US$393 million (RM1.6 billion) in May, compared with US$993 million in April. In a note yesterday, Standard Chartered Asia rates strategist Lawrence Lai said the positive view on MGS was based on Bank Negara Malaysia’s (BNM) accommodative policy stance, limited inflationary pressure and a relatively high cash level for onshore investors. “The lack of buying momentum is in line with our view; our data shows that foreign bond fund investors have largely short-covered their underweight positions and have a relatively neutral stance on MGS. “However, volatility in FX-triggered outflows from BNM bills has increased, likely on zero supply combined with negative Malaysian ringgit appetite,” said Lai. He added that foreign ownership of BNM bills dropped to 90% in May, from 98% in April, with foreign holdings at US$3.4 billion. He said outflows from BNM bills are expected to continue, pressuring foreign exchange rates in the near term. “Although negative FX returns triggered foreign outflows from shortend instruments, we believe bond positioning is solid. Local interest audit evidence regarding the com- to buy fixed-income assets remains pany’s ability to continue as a going concern. The external auditor also said the Scan Associates’ current liabilities as at June 30 had exceeded its current assets by RM7.22 million. The auditor was also unable to get sufficient evidence on the im- BY SURIN MURUGIAH pairment loss amount of RM6.82 million, as there was no impairment KUALA LUMPUR: Even if Malaysia’s assessment being made by the di- public debt-to-GDP (gross domestic rectors in accordance with MFRS product) level exceeds 55%, sover136: Impairment of Assets. eign credit downgrade is unlikely, according to MIDF Research. In a note yesterday, the research house said despite the government being on track to reduce its debt level from 54.5% to 53% this year, one risk remains, and that is if the nominal allot the unsubscribed rights shares GDP grows much slower or even to all applicants who had applied contracts this year due to recession. for the excess rights shares in full. “Although we do not think that “The undersubscribed 146.82 the nominal GDP will contract this million rights shares have been year, as long as the government is subscribed by a substantial share- able to keep its fiscal deficit at 3.1% holder of Mulpha, namely Magic to GDP, the total amount of MalayUnicorn Ltd, pursuant to the ad- sian Governtment Securities (MGS), ditional undertaking [as defined Government Investment Issues (GII) in the Abridged Prospectus dated and Malaysian Islamic Treasury Bills May 17, 2016],” it added. (MITB) combined is still unlikely to Scan Associates’ external auditor quits BY GHO C H EE YUAN Foreign holdings in MGS, BNM Bills and GII constructive on ample cash with long-term investors and a weaker macro outlook,” Lai said. On the weight rebalancing of major emerging market (EM) bond indices with the potential inclusion of China government bonds (CGB), he opined the market has been too bearish on the impact of the move. While it would not be positive for MGS, Lai said the initial change would have a limited impact on MGS. “Since CGBs also constitute a low-yielding market segment in the EM space, we expect investors to start with underweight positions in CGBs, especially given their concern about the Chinese yuan,” he said. UOB Malaysia analyst Julia Goh noted that foreigners turned net sellers in May, registering RM3.4 billion and RM4.3 billion in outflow of bonds and equities respectively, following the strong net buying of RM17.7 billion in March and April. “Foreigners were net sellers of BNM monetary notes and Malaysian treasury bills in May, but remained net buyers of MGS, government investment issues and private debt securities,” said Goh in a note. She noted that foreign holdings of MGS stood at 48.7% in May, after eight consecutive months of net foreign buying, compared with 49.1% in April. Year to date, foreigners have bought RM14.7 billion worth of Malaysian bonds and RM1.6 billion of equities, compared to a net selling of RM17.4 billion and RM5.7 billion in the same period last year, she added. Sovereign credit downgrade for Malaysia unlikely, says MIDF Research breach the 55% debt ceiling level. MIDF Research said too much attention had been given to the public debt-to-GDP level. The research house said the more important question was the sustainability of Malaysia’s fiscal position. It said Malaysia’s debt limit was set at 40% in April 2003, revised to 45% in June 2008, and subsequently 55% in July 2009. “There was not even once when our sovereign credit rating was affected due to the increase in debt ceiling limit. We opine that the market and the public in general have been giving too much attention to the public debt-to-GDP level, without understanding the sustainability of the fiscal policy itself,” it said. Further, MIDF Research argued that the public debt-to-GDP limit should only include MGS, GII and MITB. THU RSDAY J U N E 9 , 2016 • T HEED G E FINA NCIA L DA ILY HOME BUSINESS 7 IHH Healthcare to develop tertiary hospital in Shanghai Wholly-owned Parkway Pantai to undertake project jointly with Chinese firm BY C H ESTER TAY KUALA LUMPUR: IHH Healthcare Bhd’s wholly-owned subsidiary Parkway Pantai Ltd said it is developing a 450-bed multi-specialty tertiary hospital in the Shanghai New Hongqiao International Medical Center (IMC). The development, it said, will be undertaken by a joint-venture entity, which is 70%-owned by Parkway Pantai and 30%-owned by Shanghai Hongxin Medical Investment Holding Co Ltd. The entity has entered into a land contract with the Shanghai Minhang District Planning and Land Authority for the development of the hospital on a 35,754 sq m site, which was acquired on a leasehold basis for 50 years. Called ParkwayHealth Shanghai International Hospital, the hospital is slated for opening in 2020, with a registered capital of 455 million yuan (RM280 million), said Parkway Pantai in a statement yesterday. It will offer a range of specialties and healthcare services, with a focus on cardiology, cardiac surgery, gastroenterology, urology, minimally invasive surgery, general surgery and internal medicine, the company said. “We are excited to strengthen Decision on bid to stop CLIQ Energy tomorrow BY C H EN SHAUA FU I KUALA LUMPUR: The High Court has fixed tomorrow to deliver its decision on the application by CLIQ Energy Bhd’s largest shareholder, Best Oracle Sdn Bhd, to strike out a petition to wind up the special-purpose acquisition company. Judicial Commissioner Noorin Badaruddin fixed the date after hearing submissions from CLIQ Energy and Best Oracle yesterday. The winding-up petition was filed by CLIQ Energy on April 25 after it failed to get an extension from the Securities Commission Malaysia to complete its proposed qualifying acquisition of a 51% stake in a special-purpose vehicle that will host Phystech Firm LLP’s two onshore oilfields in Kazakhstan for US$110 million (RM447 million). According to the company, it has to be liquidated, and the trust money returned to investors, after it fails to get the extension. The crux of the submissions by both sides yesterday revolved on whether or not CLIQ Energy should have let members vote on the decision to file the petition. Best Oracle’s counsel, Shamsul Bahrin Manaf, claimed that CLIQ Energy’s Articles of Association provide that the company can only be dissolved after members vote in favour of the relevant resolutions for the purpose. He said the company’s action of filing the petition without holding the vote was premature. Shamsul said the company belongs to the members, so any effort to wind up the company must be decided by the members. It cannot be decided by three independent directors, who have no interest in the company. “The people who passed the di- rectors’ resolution to wind up the company are not even the members of the company,” he submitted. Counsel for CLIQ Energy, Wong Kah Hui, however contended that there is no necessity for the members to vote on the matter because CLIQ Energy’s Memorandum and Articles of Association (M&A) do not provide for a vote. He submitted that the M&A accorded full powers to the company to conduct businesses and wind up the company, and also that the M&A must comply with the applicable laws and regulations. Wong added that the winding-up petition by the court is involuntary and an involuntary winding-up does not need a vote by the members. He also argued that the move by Best Oracle to file a striking-out application, in addition to a stay of proceedings application, is aimed at stalling the process of the petition, since an appeal is expected after a ruling is made. On May 9, Best Oracle, failed in its bid to obtain leave from the High Court for a judicial review to stop the liquidation process. It had filed an appeal to the Court of Appeal and received a letter from the court yesterday to conduct the case management of the case today. The shareholders of Best Oracle consist of five members of CLIQ Energy’s management team, namely chief executive officer Ahmad Ziyad Elias, executive director Kamarul Baharin Albakri, exploration vice-president Dr Chang Kok Lip, development and production vice-president Kamaroll Zaman Abdul Aziz and business development vice-president Tengku Daud Shaifuddin Tengku Zainudin. CLIQ Energy shares closed flat at 69 sen yesterday, with 104,100 units traded. our presence in Shanghai, with the development of a world-class 450-bed tertiary hospital. “ParkwayHealth Shanghai International Hospital will leverage our existing network of medical centres to provide integrated healthcare services for residents in the Yangtze River Delta and beyond,” said IHH chief executive officer and managing director Dr Tan See Leng. Meanwhile, Shanghai New Hongqiao IMC Construction Development Co Ltd chairman Yang Jie said ParkwayHealth Shanghai is the only foreign joint venture general hospital in the New Hongqiao IMC. “Given its close proximity to the Hongqiao airport and high-speed railway station and Parkway Pantai’s solid track record in delivering outstanding patient care and outcomes, we are confident [that] the hospital will serve the healthcare needs of the local residents, as well as medical tourists to Shanghai,” he said. ParkwayHealth Shanghai International Hospital is the seventh medical centre investment by IHH in Shanghai. IHH is also developing its first tertiary medical facility in Chengdu, China, through its indirect wholly-owned subsidiary M&P Investments Pte Ltd and its partner Shanghai Broad Ocean Investments Co Ltd. Tan on May 27 reportedly said the group is focusing on growing in China, India and Turkey. He added that 70% of IHH’s targeted expansion next year would be in China, where the emphasis would be in Hong Kong and Shanghai. The group has allocated RM4.83 billion until 2018 for expansion purposes, which include an additional 3,000 beds in the near term. IHH’s share price closed six sen or 0.92% lower yesterday at RM6.44, with a market capitalisation of RM52.99 billion. Asean not saturated, says AirAsia CEO KUALA LUMPUR: AirAsia, which flies to almost all major destinations in Asean, said the market remains attractive for more routes and it is a matter of having the right platform and creating demand. “There is potential for more connectivity as well as frequencies,” its chief executive officer (CEO) Aireen Omar, said when asked if Asean is saturated. AirAsia flies to almost all the major cities in the 10-member nation bloc and some secondand third-tier cities in the region, she said. “There is potential for expansion in second- as well as third-tier cities but it all depends on how the open sky policy will turn out to be and the implementation of the Asean Economic Community,” Aireen told Bernama recently. Hence, the economic impact of such initiatives is important to create both demand for new routes in the region as well as frequencies, she said, citing the positive effect of the open sky policy on the aviation sector in Europe. “A much-connected region will enable its people to tap its resources more efficiently and help them achieve economies of scale,” she explained. Aireen said harmonisation of standards, for instance, and licensing and safety, are among the key factors for the [growth of the] region’s aviation sector, which is now considered one of the most regulated markets despite its potential. “However, even without this (open sky policy), AirAsia went around the rules by having joint ventures and expanded in Asean,” she said. AirAsia has joint ventures in Indonesia, Thailand and the Philippines. Had the open sky policy and liberalisation of the sector taken Aireen says AirAsia flies to almost all the major cities in the 10-member nation bloc and some second- and third-tier cities in the region. The Edge file photo place much earlier, AirAsia would have expanded at a much faster pace, she said. “It would have enabled us to mobilise our resources better, which means reduction of cost for the airline,” said the chief of the 15-year-old airline. The regulations have not only crippled expansion of airlines in the region, but also led to capital disruption and underinvestment in the sector, AirAsia’s group CEO Tan Sri Tony Fernandes said. “In some places, we want to put more capital, but our local shareholders are not ready to do so. It leads to inefficient use of capital as we are prevented from doing it [by ourselves] due to outdated regulations,” he cited. Fernandes also said AirAsia’s accounting methods are extremely complicated due to archaic regulations in the region. “We can’t say we control the airline [in some countries in Asean], which results in associate kind of accounts that do not give the true picture ala RyanAir and EasyJet [in Europe],” he said. On more low-cost carriers coming on board in the region, he reiterated that market liberalisation and openness are all about competition and it’s always good. There is no such thing as overcrowding, he said. “There are about 400 aircraft in Asean, while in Europe there are about 3,000 and we are a much bigger [market],” he said. On Value Alliance, he said: “It’s fantastic that a bunch of low-cost airlines has got together to create Value Alliance. We have to compete, just like we have been doing all this while. So, we will adapt and we will get better.” Fernandes said its strong partnership with AirAsia X will give AirAsia the much-needed edge. “For Value Alliance to go to Japan from Kuala Lumpur, you may have to take three different airlines. With AirAsia it’s a direct route.” Value Alliance is an airline alliance formed recently by low-cost carriers including Cebu Pacific of the Philippines, Jeju Air of South Korea, NokAir and NokScoot of Thailand, Scoot and Tigerair of Singapore, Tigerair Australia and Vanilla Air of Japan. — Bernama T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 8 HOME BUSINESS No to plain cigarette packaging Majority of survey respondents say such wrapping makes it easier to produce fake packs BY SA NGEETHA AM ARTHALINGAM KUALA LUMPUR: Eight out of 10 Malaysians (81%) surveyed by the Merdeka Center for Opinion Research felt that plain packaging for cigarettes would make it easier for illegal cigarette smugglers to produce fake packs. Nearly nine out of 10 or 88% of respondents said plain packaging will cause smokers to turn to the black market where they can easily access cheap illegal packs, said Malaysia Singapore Coffee Shop Proprietors’ General Association president Ho Su Mong in a statement yesterday. Further, the survey showed that 87% of Malaysians are concerned about the current levels of crime in Malaysia and 65% worry that plain packaging will lead to an increase in criminal activity in Malaysia, while 78% believe that youths have easy access to cheap illegal cigarettes. “A vast majority of Malaysians (87%) believe that Malaysia today has a problem with black market illegal cigarettes and more than half oppose the introduction of plain packaging as it has the potential to further increase the level of illegal cigarettes in Malaysia. “This is consistent with what we are hearing from our members who are concerned about the impact of the growing illicit cigarette levels on their businesses,” said Ho. He said Merdeka Center was commissioned by the association, which has 20,000 members, to carry out the survey between May 7 and May 12, 2016. It surveyed 1,212 adults aged 18 and above via telephone interviews. The respondents, comprising 50% Malay, 30% Chinese, 8% Indian, 7% Muslim bumiputera and 6% non-Muslim bumiputra, were selected on the basis of random stratified sampling along ethnicity, gender and state of residence. Ho urged the government, which had announced on Feb 24 that it wanted to introduce plain cigarette packaging to reduce brand recognition and ultimately overall consumption, to discuss its measures with the association for better results. Less than two weeks after the announcement, however, Health Minister Datuk Seri S Subramaniam told pressmen that Malaysia had not decided whether to make plain packaging of tobacco products a policy yet, as discussions were still ongoing on the matter. Ho said Malaysia has faced the issue of illegal cigarettes for a number of years and despite the best efforts of government enforcement agencies, the situation is getting worse with almost half of the cigarettes consumed in Malaysia today coming from the black market. “We understand and respect the government’s objective to reduce smoking. However, with almost half of the cigarettes in Malaysia being sold as cheaply as RM3.50, we ap- Trive ties up with China firm in solar venture BY GHO C H EE Y UAN KUALA LUMPUR: Trive Property Group Bhd will be collaborating with a Chinese firm to collaborate on research and development, production, assembly, distribution, and marketing of solar systems. The group has inked a memorandum of understanding (MoU) with Fortunate Solar Technology Ltd for the purpose. The move, according to the battery management systems and solar systems trader in a statement yesterday, will allow it to focus on its core business of designing, developing and marketing of green and renewable energy products, particularly solar-related products. Under the MoU, Trive said, both parties have agreed to inject a total of RM60 million to establish a joint venture company (JV) in Malaysia, in which both companies will have an equal stake. The JV will be renting a parcel of land and building for its factory in Kulim Hi-Tech Park, Kedah. Fortunate Solar, incorporated in the Shuyang County of Jiangsu Province, is an integrated hightech provider of solar products and services, silicon products and services, wafers and solar cells. “The fund will be used to set up a production line in the new factory, which will provide the full range of products or one-stop solutions in the solar business,” said Trive. Trive executive director Kua Khai Shyuan said the final solar products will be sold in their local markets and the balance thereof will be exported to the United States, Europe and the rest of the world. With this JV, he said Trive is able to establish a footprint in the China market with huge potential revenue to be generated. Trive, which has been loss-making since finanancial year 2012, is optimistic about the future growth of the solar industry globally. It added the JV should enjoy 10 taxfree years in Malaysia upon the successful application for a pioneer status. “Trive [will] work relentlessly to return to the black. Trive is looking forward to improving its bottom line and to continuously seeking every opportunity to yield a better return to its shareholders and sustaining the business with the consideration of all stakeholders,” said Kua. Shares in Trive closed unchanged at 4.5 sen yesterday, valuing it at RM60.4 million. Threat of DDoS attacks to businesses in rapidly growing economies BY MEENA L A KSHANA KUALA LUMPUR: Global businesses, especially in rapidly growing economies like Malaysia and Southeast Asia, are facing growing threats of distributed denial of service (DDoS) attacks, according to Akamai Technologies Inc in a statement yesterday. The statement came in conjunction with the release of its report titled “State of the Internet for the first quarter of 2016 (1Q16)”, which noted a 126% year-on-year (y-o-y) rise in DDoS attacks across the Akamai Intelligent Platform. According to Akamai, an Internet services provider based in Cambridge, Massachusetts in the United States, the platform is the world’s largest cloud-based platform for securely distributing and accelerating web content, enterprise applications and video. Sectors that are especially vulnerable to attacks include financial services, software and technology, media and entertainment, public sector assets, education, Internet and telecom assets, retail, gaming, DDoS attack frequency by industry, 1Q 2016 (%) Business Services Education 4Q 2015 4Q 2016 0.15 0.04 2.50 2.74 6.84 4.00 Financial Services 54.45 54.80 Gaming Hotel & Travel 0.05 0.12 4.20 4.04 4.70 5.39 1.35 1.90 2.75 1.86 Internet & Telecom Media & Entertainment Public Sector Retail & Consumer Goods 23.03 25.10 Software & Technology 0 5 10 15 20 25 30 35 45 40 50 55 60 Percentage The gaming industry continued to be the most frequently targeted sector for DDoS attacks, followed by the software and technology industry. Source: 1Q 2016 State of the Internet/Security Report, Akamai Technologies Inc hotel and travel service providers, said the report. Sixty per cent of the attacks that occurred in 1Q16 used at least two attack vectors at once, making defence more difficult. “The continued rise of multi-vector attacks suggests that attackers or their attack tools are growing more sophisticated,” the report stated. An attack vector is a path or means by which a hacker or cracker can gain access to a computer or network server to wreak havoc. A multi-vector attack is known as the most complex type of DDoS attack as it is a combination of different DDoS attack tools and approaches. “This causes problems for security practitioners, since each attack vector requires unique mitigation controls,” the report noted. There was also more repeat attacks against online assets, with one Akamai customer recording 283 attacks against them in 1Q16. “That represents three separate attacks per day. Attackers seem to be becoming more persistent in trying to disrupt services of their targets.” In the past, many attackers when seeing a site or network was protected would move on, said Akamai. But now, attackers tend to hammer away at high-value organisations, regardless of the results, looking for a moment when defences might drop. “Another reason for the continued increase in repeat attacks is that acquiring and outfitting DDoS attack platforms has become cheap and easy to use,” it added. DDoS attacks are also being used as a diversion technique to exhaust company resources, while attacks are launched against the primary target. Meanwhile, the number of mega attacks — attacks that exceeded 100 gigabites per second — rose 137% y-o-y, with the largest hitting the software and technology, gaming, and media and entertainment sectors. peal to the government to focus on controlling the widespread illegal cigarettes, rather than introducing regulations that will make the problem worse,” he said. He reiterated that retailers have incurred income losses of over RM500 million annually as a result of illegal cigarettes. Ho said the market has been flooded with illegal cigarettes since last year’s large increase in the cigarette excise tax and expressed concern that plain packaging would make the problem much worse, as it means cigarette packs will look the same, making it difficult for retailers, consumers and enforcement agencies to differentiate between legal and illegal packs. EA Technique to acquire vessel charterer for RM5m BY A H MA D N AQ IB ID R IS KUALA LUMPUR: EA Technique (M) Bhd (EAT) said it had entered into a conditional share sale agreement with five vendors to acquire the entire shareholdings of Libra Perfex Precision Sdn Bhd (Libra) for RM5 million. In a bourse filing yesterday, the company said the vendors are Fatimah Mahmood, Tan Sri Dr Jemilah Mahmood, Datuk Dr Ashar Abdullah, Ali Noor Razak Mohd Noor Sidek and Norrazak Ismail. Libra is involved in the business of hiring and chartering marine vessels. The company on April 1 was awarded a contract for the provision of tugboats services, towing and other services for Petronas Floating LNG 1 (L) Ltd (PFLNG1), worth US$43.8 million over six years. “The proposed acquisition is to generate additional revenue to EAT through the revenues derived from the PFLNG1 contract by the company (Libra) and the rental of the tug boats by EAT to the company (Libra) for the purpose of the said contract,” said EAT. It said the acquisition will be funded through either internally generated funds, borrowings or a combination of both. “The proposed acquisition is not expected to have any material impact on the earnings per share of EAT for the financial year ending Dec 31, 2016. However, the management of the company (Libra) expects that the potential earnings to be derived from the company (Libra) will contribute positively to the earnings of EAT,” it added. THU RSDAY J U N E 9 , 2016 • T HEED G E FINA NCIA L DA ILY ST O C KS W I T H M O M E N T U M 9 www.theedgemarkets.com Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and first appeared at www.theedgemarkets.com. Please exercise your own judgement or seek professional advice for your specific investment needs. We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned. GADANG HOLDINGS BHD (-ve) SHARES in Gadang Holdings Bhd (fundamental: 1.9/3, valuation: 1.8/3) triggered our momentum algorithm for the second consecutive day yesterday. The counter gained one sen or 0.47% to close at RM2.16 yesterday. Its trading volume swelled to 3.22 million shares traded, compared to its 200-day average volume of 1.68 million shares. Gadang is mainly engaged in civil engineering works and property development. The company saw its net profit jump 55.28% to RM25.11 million in the third financial quarter GADANG HOLDINGS BHD ended Feb 29, 2016 (3QFY16) from RM16.17 million a year ago, due to improved profit margins from construction activities and higher contributions from the property division. Revenue grew 3.67% to RM175.92 million from RM169.69 million. For nine months of FY16, Gadang’s net profit surged 86% to RM63.69 million from RM34.22 million a year earlier. Revenue grew 2.31% to RM427.28 million from RM417.64 million. Gadang is trading at a trailing price-earnings ratio of 6.3 times and is 1.11 times its book value. Valuation score* 1.80 1.90 Fundamental score** 6.30 TTM P/E (x) 0.06 TTM PEG (x) 1.22 P/NAV (x) 2.11 TTM Dividend yield (%) 556.04 Market capitalisation (mil) Shares outstanding (ex-treasury) mil 258.62 1.56 Beta 1.13-2.54 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 KEIN HING INTERNATIONAL BHD (+ve) SHARES in Kein Hing International Bhd (fundamental: 1/3, valuation: 1.4/3) triggered our momentum algorithm for the second time this year. The counter closed one sen lower or 0.91% at RM1.09 yesterday, with some 1.8 million shares traded. In comparison, its 200-day average volume is only around 413,374 shares. The metal parts manufacturer posted a net profit of RM3.83 million in the third financial quarter ended Jan 31, 2016 (3QFY16), a jump of 468% from RM674,000 a year ago, on higher sales order for tooling and a surge in KEIN HING INTERNATIONAL BHD demand for parts from home appliance and printer manufacturers. Revenue grew 27.4% to RM58.81 million from RM46.15 million. For 9MFY16, its net profit surged 223.4% to RM8.99 million from RM2.78 million. Revenue climbed 17.2% to RM168.16 million from RM143.53 million. The stock currently trades at a trailing 12-month price-earnings ratio of 10.87 times and is at 1.06 times book value. Its trailing 12-month dividend yield is at 0.91%. Valuation score* 1.40 1.00 Fundamental score** 10.87 TTM P/E (x) 0.03 TTM PEG (x) 1.07 P/NAV (x) 0.91 TTM Dividend yield (%) 108.90 Market capitalisation (mil) 99.00 Shares outstanding (ex-treasury) mil 1.04 Beta 0.35-1.27 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 LAND & GENERAL BHD (+ve) SHARES in Land & General Bhd (fundamental: 2.7/3, valuation: 2.4/3) triggered our momentum algorithm for the first time. The stock price went up one sen or 2.53% to close at 40.5 sen yesterday, with 6.4 million shares traded. This compared to its 200-day average volume which is at 1.28 million shares. The property developer and education provider saw its net profit jump 674.4% yearon-year to RM54.98 million in the fourth quarter ended March 31, 2016 (4QFY16), LAND & GENERAL BHD from RM7.1 million, on higher profit from the property division. Revenue rose 226.7% to RM184.19 million from RM56.37 million. For its financial year ended March 31, 2016 (FY16), L&G’s net profit fell 9.85% to RM95.05 million, from RM105.43 million due to lower results from the property division. Revenue declined 26.5% to RM342.06 million from RM465.37 million. L&G has recommended a single-tier final dividend of two sen for FY16. Valuation score* 2.40 2.70 Fundamental score** 9.16 TTM P/E (x) (0.16) TTM PEG (x) 0.67 P/NAV (x) 5.05 TTM Dividend yield (%) 431.83 Market capitalisation (mil) Shares outstanding (ex-treasury) mil 1,093.24 1.37 Beta 0.34-0.48 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 HOME BUSINESS Weaker global chip sales reaffirm downcycle is shaping up BY TAN S I E W M U N G KUALA LUMPUR: The global semiconductor sales dropped 6.2% year-on-year (y-o-y) in April for the 10th consecutive month since July last year. The continued weaker sales could be evidence of a downcycle in the technology industry, said analysts. According to the United States-based Semiconductor Industry Association’s statement yesterday, global sales of semiconductors fell to US$25.8 billion (RM104.75 billion) in April from US$27.6 billion in the previous corresponding month. Global sales were down 1% month-on-month from US$26.1 billion in March. Meanwhile, US-based Semiconductor Equipment and Materials International’s latest data also showed that global semiconductor manufacturing equipment billings declined 13% y-o-y in the first quarter of 2016 to US$8.3 billion from US$9.5 billion in the previous corresponding quarter. “These (the statistics) further reaffirmed our view that the industry’s slowdown is already in the making, with growth tipping off from the high base alongside with softening demand from major economies,” Kenanga Research analyst Desmond Chong Chee Wai told The Edge Financial Daily. Recall that the last two rounds of industry downcycle, which were between October 2008 and October 2009, and the period of July 2011 to October 2012, shared similar patterns which showed y-o-y growth pace decelerated at the initial phase, followed by contraction. “While we believe the second half should see some rebound amid the major launches of several flagship smartphone models, this does not alter our conservative view in light of the high base in 2015, as well as the still sluggish semiconductor sales in other segments,” said Chong. Chong pointed out that the slowdown in global semiconductor sales was already reflected in Malaysian technology players’ financial performance in the first quarter of this year. TA Securities analyst Paul Yap Ee Xing said share prices of local semiconductor companies had already priced in the slowdown in the global industry. He is expecting either flat or lower sales in US dollar terms for semiconductor companies under its coverage, such as Inari Amertron Bhd, Unisem (M) Bhd and Malaysian Pacific Industries Bhd (MPI). “We are, however, expecting earnings to pick up towards the second half, driven by a major smartphone launch,” he told The Edge Financial Daily. It is worth noting that the World Semiconductor Trade Statistics expect a better second half, with a lower 2.4% y-o-y decrease in sales for 2016. Nonetheless, some analysts also said the general trend cannot be applied to all technology companies as some of them, which are in the niche markets, are still seeing growth. According to Kenanga’s Chong, some outsourced semiconductor assembly and test (OSAT) players are still trading on a high side, with forward price-earnings ratio of 13 times to 15 times, which are stretched compared to the regional OSAT, as well as integrated device manufacturers, which command higher margins. He sees bottom fishing as the strategy to go for, especially with the current risk-reward ratio less favourable, following rich valuations in some big names. Thus, he prefers names like SKP Resources Bhd that is involved in the sub-assembly of electronic and electrical equipment, and other secondary processes. Yap, who has an “overweight” call on the semiconductor sector, maintains “buy” calls for Unisem, MPI and Inari. “Aiding sales, we expect the ringgit to remain weak with an average USD/RM rate of 4.05 for 2016. Our forecast earnings growth for the sector remains strong at 13% y-o-y,” he added. Share price performances of technology and tech-related companies were mixed yesterday on Bursa Malaysia. Inari and MPI, which have fallen off from their five-year highs of RM3.63 and RM10.15 in January, were among the top losers. Year to date, Inari and MPI have fallen 16% and 21% respectively. In contrast, KESM Industries Bhd, whose net profit jumped 4.38 times y-o-y to RM7.57 million in its third quarter ended April 30 (3QFY16), was the second top gainer yesterday. The counter gained 30 sen or 6.2% to RM5.15. Worldwide semiconductor revenues Year-to-Year percent change Billions/$ Revenue Y/Y % change 35 80 30 60 25 40 20 20 15 0 10 -20 April ’16 = -6.2% Y/Y 5 -40 -60 0 ’96 ’98 ’00 ’02 ’04 ’06 January Source: WSTS ’08 ’10 ’12 ’14 ’16 1 0 P R O P E RT Y S NA P S H T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY T FREE transaction data latest classified listings news analytics trend analysis and more Source: TheEdgeProperty.com What’s hot in Kota Damansara? • Today, we look at price growth and indicative rental yields for nonlanded homes in Kota Damansara. From the analysis of transactions by TheEdgeProperty.com, the average transacted price for non-landed homes in the secondary market was RM382 psf in 1Q2015. • Buoyed by increasingly upscale developments such as Sunway Nexis and Cascades, capital values have appreciated moderately. The highest relative growths can be observed at the low-cost segment, such as at Gugusan Seroja (25.3%), Gugusan Semarak (15.6%) and Gugusan Teratai (11.9%), where capital values began at a lower base. • Within the medium-cost segment, the highest growths can be observed at Pangsapuri Carlina, where the average price grew 20.4% y-o-y to reach an average of RM342 psf in the 12 months to 1Q2015. Situated in Section 5, this project is located close to AEON Big Kota Damansara and the commercial centres at The Strand and Dataran Sunway. • The highest indicative rental yields as observed from asking rentals can also be seen at Palma Perak & Puteri (6.4%) and Pangsapuri Carlina (5.5%). Typical 3-bedroom units here fetch up to RM1,300 monthly rent. Rental yields here are elevated due to the efficient unit sizes and the lower capital base. • Projects that cater to the student population also see an active rental market such as Casa Residenza (5.3%) and Cova Villa (5.0%). • The upcoming MRT stations at Kota Damansara and Surian are expected to raise rental interest especially among those who appreciate the convenience of living close to commercial centres. • Among properties located closest to these stations are Casa Residenza, Gugusan Mawar, Gugusan Melati, I Residence and Sunway Nexis. Kota Damansara top 5 condominiums/apartments by average price annual growth Source: TheEdgeProperty.com Kota Damansara 5 condominiums/apartments in USJ with highest indicative asking rental yield The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available. Hua Yang’s lakeside homes receive CCC BANDAR UNIVERSITI SERI ISKANDAR (Perak): Hua Yang Bhd has obtained the certificate of completion and compliance (CCC) for D’ecolake, its residential project in Bandar Universiti Seri Iskandar (BUSI), Hua Yang’s fast-growing 777-acre (314ha) township in Perak. Located next to a 98-acre natural lake, this gated community offers 32 units of two-storey semi-detached homes (Irdora) and 25 units of two-storey bungalows (Kamelia). BUSI, Hua Yang’s first integrated township project, has grown since its development began in 1991. Today, the development boasts a population of 42,000 and is known as one of the fastest-growing townships in Perak. Along with D’ecolake, which has an estimated gross development value (GDV) of RM31 million, Hua Yang’s projects in the Northern region contributes approximately 21% to its revenue total. Hua Yang’s assistant general manager Tony Ng said: “Hua Yang has a long-standing history in Perak and over the years, we have seen its strong potential for development. Our projects in the northern region have benefitted from the overall growth of Perak, and we believe D’ecolake will not be an exception. With its strategic location and excellent connectivity, we are optimistic MOST READ ON TheEdgeProperty.com Property slowdown may not be just a sectoral problem 01 that this project will contribute positively to the Group’s (Hua Yang) revenue.” BUSI is an integrated township with a total GDV of RM1.1 billion. It is strategically located midway between Ipoh and Manjung with excellent accessibility via the Ipoh-Lumut Highway. BUSI is also surrounded by amenities including a Tesco superstore, KFC drive-through restaurant, major universities (Universiti Teknologi Mara and Universiti Teknologi Petronas), a police station, wet market, schools, banks and bus station terminals. A Perodua 3S centre and a Mydin hypermarket are expected to begin operations in 2017. A modern lifestyle development by the Yarra River Influx of high-rise properties likely to cap prices in Penang High Court allows EKVE developer to be intervenor 02 01. Aerial view of D’ecolake 02. Kamelia, the two-storey bungalows at D’ecolake BOVAEA: Bogus property agent risking people’s life savings THU RSDAY J U N E 9 , 2016 • T HEED G E FINA NCIA L DA ILY B R O K E R S’ C A L L 11 O&G firms on a quest to reduce operating cost Coastal’s shipbuilding ops facing margin pressure Coastal Contracts Bhd (June 8, RM1.58) Maintain market perform with an unchanged target price of RM1.61: We came away from the group’s briefing feeling largely neutral as enquiries by clients about vessel delivery deferrals and price reduction are no surprise to us under the current weak environment. Its shipbuilding business continues to face margin pressure amid slower vessel sales. No progress on new projects amid weak operating environment despite oil prices rebounding to above US$50 (RM203) per barrel. We understand that its first jack-up gas compression service unit (Jugsu) to Pemex has been successfully hooked up and will proceed to commissioning stage in Mexican waters. However, Coastal has already started recognising the bareboat charter income in the three months ended March 31, 2016, by billing its Mexican counterpart. We believe the revenue recognised will remain as receivables until Pemex successfully hits first gas, which is targeted by next month. In addition to that, Coastal is in the midst of renegotiating its Jugsu’s charter rates with Pemex at a discounted quantum of single-digit percentile ranges. During the quarter, Coastal received requests from clients to defer vessel delivery for six to 12 months and to reduce selling prices. This Coastal Contracts Bhd FYE JUNE (RM MIL) Turnover Ebit PBT Net profit (NP) Core NP Consensus (NP) Earnings revision EPS (sen) EPS growth (%) NDPS (sen) NTA/Share (RM) BV/Share (RM) PER Price/NTA (x) Net gearing (x) Dividend yield (%) 2016E* 2017E 2018E 1,945.2 198.4 196.6 186.8 186.8 196.0 -6.1 35.1 -2.1 5.3 3.0 3.0 4.5 0.5 0.3 3.4 724.2 98.0 122.0 114.5 114.5 120.0 -16.3 21.5 -38.7 0.0 3.2 3.2 7.4 0.5 0.1 0.0 681.0 78.0 106.4 99.5 99.5 113.75 New 18.7 -13.1 0.0 3.3 3.3 8.4 0.5 -0.1 0.0 *FY16E consists of 18 months as the company has changed its financial year end from December to June. Source: Kenanga Research came as no surprise to us as the industry continued to be overshadowed by the vessel oversupply issue resulting from low offshore activities. In our view, Coastal most probably will allow these deferrals without any substantial penalty in order to preserve client relationships. On the other hand, Coastal also has no intention to take delivery on the second jack-up rig, unless it manages to secure a contract. Given the quiet offshore support vessel market amid the industry downturn, its current order book of RM1 billion is likely to last until the second half of 2017. Balance sheet-wise, Coastal is back to minimal net gearing of 0.04 times from a net cash position of RM34 million in the fourth quarter of 2016. It is still healthy as compared with the industry average of 0.53 times. — Kenanga Research, June 8. Unisem to see higher orders from key customers Unisem (M) Bhd (June 8, RM2.38) Maintain buy with an unchanged target price (TP) of RM2.85: The group has clearly benefited from rising adoption of wafer-level chip-scale packaging (WLCSP) in smartphones, as evidenced by an increased contribution from WLCSP that now forms 33% of sales. The strong growth was largely driven by its two key customers, Skyworks and Qorvo, which supply radio frequency (RF) components to smartphone makers. Its margins have also improved considerably over the years as low-margin legacy packages continue to trend down while there is a strong pickup in WLCSP. Besides the shift in product mix, margin improvements were also partly driven by better production efficiency and the stronger US dollar. We believe the group is quite comfortable that it will be seeing higher orders from its two key customers in financial year ended Dec 31, 2016 (FY16) as new design win for RF components has likely been firmed up by now. The company currently trades at Unisem (M) Bhd FY DEC (RM MIL) 2015A 2016F 2017F 2018F Revenue Ebitda Pre-tax profit Net profit Net pft (Pre ex.) Net pft gth (Pre-ex) (%) EPS (sen) EPS pre ex. (sen) EPS gth pre ex (%) Diluted EPS (sen) Net DPS (sen) BV per share (sen) PER (x) PE pre ex. (x) P/Cash flow (x) EV/Ebitda (x) Net dividend yield (%) P/Book value (x) Net debt/Equity (x) ROAE (%) 1,260 355 173 156 156 156.9 21.2 21.2 136 21.2 10.0 184 11.1 11.1 5.2 4.8 4.3 1.3 Cash 13.1 1,398 367 185 166 166 7.0 22.7 22.7 7 22.7 15.0 192 10.4 10.4 5.1 4.3 6.4 1.2 Cash 12.1 1,420 369 190 171 171 2.8 23.3 23.3 3 23.3 16.0 199 10.1 10.1 4.9 3.9 6.8 1.2 Cash 11.9 1,422 362 199 179 179 4.9 24.4 24.4 5 24.4 16.0 208 9.6 9.6 5.0 3.6 6.8 1.1 Cash 12.0 Oil and gas sector Negative for upstream, positive for downstream: Brent crude oil price has staged a significant rebound of approximately more than 41% year to date (YTD) to reach a 2016 high of US$51.44 per barrel (RM208.85). The average Brent price YTD currently stands at US$39 per barrel. In view of the steeper-than-expected rise in Brent crude price, we are revising our 2016 average Brent price forecast upwards to US$45 per barrel from US$40 per barrel previously. Despite the steep increase in crude oil price, we do not believe that offshore activity contract values, charter rates or fabrication rates will reach that of 2011 to 2014 levels when crude oil prices were hovering above US$100 per barrel. Even if oil prices were to sustain at current levels and possibly trade beyond US$50 per barrel for a prolonged period, it is likely that the value of new projects, contracts and charter rates would see a significant decline in terms of value compared to the glory days of US$100 oil. As such, oil and gas service providers would need to adjust their respective cost structures to be in line with the new norm in revenue in order to preserve profit margins and remain profitable. In a bid to reduce overall operating cost, oil majors such as Petroliam Nasional Bhd (Petronas) have been aggressively reducing operating cost both internally and externally via their vendors. Dubbed Coral 2.0, Petronas is focused on reducing cost via three value levers namely: i) proactive demand management; ii) spend consolidation; and iii) driving innovation. Petronas targets to achieve an annual cost saving of between RM4 billion and RM7.5 billion before or by the end of the next five years. The effects from this cost-saving campaign have been felt across local oil and gas service providers. This is evident from reducing revenue for most offshore service providers in the past many quarters. In tandem with decline in reve- nue, oil and gas service providers would need to reduce their operating cost to maximise the overall efficiency in maintaining their profit margin and sustaining profitability. The efficiency ratio or operating cost-to-revenue ratio measures how much is spent to earn RM1. Hence, the lower the ratio the better — or the more stable the ratio in relation to declining revenue the better. Should oil prices be able to breach higher sustainable levels in the future, we opine that companies which were able to efficiently manage cost in a low oil price environment could benefit the most. We have measured the operating efficiency of a selected number of oil and gas service providers listed on Bursa. In times of declining revenue, companies such as SapuraKencana Petroleum Bhd, Gas Malaysia Bhd, Petronas Chemicals Group Bhd, Petronas Gas Bhd, Destini Bhd, Deleum Bhd and KNM Group Bhd have displayed the ability to maintain or decrease their operating cost in relation to declining revenue. Incidentally, SapuraKencana, Gas Malaysia and KNM remain our top Buys for the sector. These companies have displayed competent managerial skills in reducing overhead cost, reducing redundancies (both personnel as well as operations), reducing wastages and have displayed efficient capital and working asset management. Based on the effectiveness of company management to synchronise and rationalise operating cost in tandem with revenue, we maintain our “buy” recommendations on SapuraKencana (buy, target price [TP]: RM2.72), Gas Malaysia (buy, TP: RM2.92) and KNM (buy, TP: 59 sen). As we are positive on the downstream segment of the oil and gas value chain, we prefer stocks with Petronas’ refinery and petrochemical integrated development project exposure. We are recommending downstream specialty companies such as KNM and Muhibbah Engineering (M) Bhd (buy, TP: RM3.05). — MIDF Research, June 8. Source: Company, AllianceDBS Research, Bloomberg Finance LP an attractive valuation of 10.4 times Our TP is pegged at 1.5 times of of FY16 forecast price-earnings ratio FY16 P/BV, which implies 12.6 times (PER) and 1.2 times of FY16 price- of FY16 PER with 12% return of eqto-book value (P/BV). uity. — Alliance Research, June 8. In times of declining revenue, companies such as Petronas Chemicals Group and Petronas Gas have displayed the ability to maintain or decrease their operating cost in relation to declining revenue. The Edge file photo T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 12 B R O K E R S’ C A L L Muhibbah sees chance to expand shipbuilding Muhibbah Engineering (M) Bhd (June 8, RM2.26) Maintain add with an unchanged target price (TP) of RM2.96: We followed up with Muhibbah Enginnering (M) Bhd’s management after the announcement that the group had signed a 500-acre (202ha) land deal with the Pahang state government for the development of the Kuantan maritime hub. Muhibbah’s acquisition cost of RM26.5 million for the land works out to be RM1.22 per sq ft (psf ) and can be considered cheap as it excludes reclamation costs. It is a greenfield waterfront land located south of Kuantan Port and the Malaysia-China Kuantan Industrial Park on the east coast of Peninsular Malaysia. This move gives Muhibbah a chance to expand its shipbuilding, repairs and major fabrication works similar to its about 80-acre site in Teluk Gong, Klang. In the announcement, the group said this move enables it to scale up its maritime and fabrication capacity. The focus will be less oil and gas-centric, and a shift to fabrication and vessel building demand from the commercial, security and defence sectors. The group is likely to only utilise 30% to 40% of the land size for this purpose, suggesting other potential revenue streams. Vessel building and fabrication have always been one of the group’s A view of Muhibbah Engineering’s 80-acre site in Teluk Gong, Klang. Muhibbah Engineering (M) Bhd FYE DEC (RM MIL) Revenue Operating Ebitda Net profit Core EPS (RM) Core EPS growth (%) FD core PER (x) DPS (RM) Dividend yield (%) EV/Ebitda (x) P/FCFE (x) Net gearing (%) P/BV (x) ROE (%) CIMB/consensus EPS (x) 2014A 2015A 2016F 2017F 2018F 1,693 170.3 81.6 0.17 (4.2) 13.00 0.040 1.77 9.85 3.21 73.8 na 13.5 - 1,599 185.8 85.6 0.18 4.9 12.39 0.050 2.21 8.75 3.59 65.0 na 13.3 - 1,988 248.4 98.7 0.21 15.3 10.75 0.055 2.43 6.57 3.29 59.0 na 15.2 0.79 2,187 273.2 112.8 0.24 14.4 9.40 0.060 2.65 5.81 2.54 51.9 40.14 16.9 0.95 2,406 253.9 129.6 0.28 14.8 8.18 0.060 2.65 6.09 2.40 45.6 10.91 18.3 0.97 Source: Company data, CIMB forecasts areas of core expertise. Hence, this Our forecast of one to two vessel new land deal is good news and orders per annum could be conprovides greater conviction to this servative if a similar RM92 million segment’s turnaround. single vessel order from the ma- rine department secured in late February accelerates in the next 18 months. Our current forecast segmental profit of RM20 million to RM27 million could double if the group secures two to three more high-margin orders. If vessel building profit hits a historical high of RM50 million to RM60 million, similar to the financial year ended Dec 31, 2012 (FY12), this may raise FY16 to FY18 earnings per share by 8% to 9% and revalued net asset valuation (RNAV)/TP by up to 6%, by our estimates. This excludes other longer-term revenue streams from the 500-acre land. We also have not factored the 500-acre land into our RNAV pending more details on the reclamation, which could incur additional costs of RM10psf to RM15psf or RM100 million to RM200 million in capital expenditure assuming 50% of the 500-acre land is reclaimed. We think new vessel orders from the marine department/security may gain momentum and provide scale for expansion to utilise the new 500-acre land. This adds to the positive job flow outlook in the second half of 2016, underpinned by potential infra wins, including the refinery and petrochemical integrated development project. The counter remains our preferred mid-cap given its attractive valuations and turnaround story. — CIMB Research, June 7 Tougher road ahead for UEM Edgenta UEM Edgenta Bhd (June 8, RM3.40) Downgrade to hold with a lower target price (TP) of RM3.87: We recently met up with UEM Edgenta Bhd chief executive officer Azmir Merican to gather some updates. We gathered that profit before tax margins for Opus (asset consultancy) were razor thin at 0.8% in the first quarter ended March 31, 2016 (1QFY16) due to continued drags in Canada and Australia. Despite the rebound in oil prices (Brent +81% since mid-Jan), the management highlighted that geotechnical surveys on the TransCanada Pipeline have yet to see a significant pickup in work activity. While the outlook in Australia remains weak, the management feels this may have bottomed out, but guidance on an outright recovery is uncertain. In FY15, UEM Edgenta took a RM36 million goodwill impairment on its Canadian subsidiary, Opus Stewart Weir Ltd (OSW). Given the continued weak performance of OSW, the management does not rule out another round of impairment this year should conditions not improve. As of end-FY15, the goodwill attributed to OSW sit- UEM Edgenta Bhd FYE DEC (RM MIL) Revenue Ebitda Ebit Profit before tax Core Patami vs Consensus (%) Core EPS (sen) PER (x) Net DPS (sen) Net dividend yield (%) BV per share P/BV (x) ROE (%) Net gearing (%) 2015 2016F 2017F 2018F 3,123 396 331 320 206 24.8 14.5 15.0 4.2 1.61 2.2 16.5 Cash 2,883 338 275 270 190 (14) 22.8 15.8 14.0 3.9 1.70 2.1 13.8 Cash 2,943 383 319 314 220 (12) 26.4 13.6 16.2 4.5 1.81 2.0 15.1 Cash 2,976 419 349 344 241 (25) 28.9 12.4 17.7 4.9 1.92 1.9 15.5 Cash Source: HLIB Research ting in UEM Edgenta’s balance sheet amounted to RM127 million. In April, UEM Edgenta’s parent company UEM Group Bhd was appointed the project delivery partner for the Sabah portion of the Pan Borneo Highway with a 20% stake. UEM Edgenta is eyeing several works associated with the Pan Borneo Highway from its parent company which includes: i) consultancy services via Opus; and ii) road pavement works (during construction) and highway maintenance (once completed) via Projek Penyelenggaraan Lebuhraya Bhd (Propel) The Pan Borneo Highway rollout is much needed to fill in the project gaps at Propel, following the completion of the North South Expressway’s fourth lane widening in July last year. Nonetheless, a timing gap is inevitable as we expect any significant work on the Sabah Pan Borneo Highway to only commence next year. UEM Edgenta completed the acquisition of its 80% stake in KFM Holdings Sdn Bhd in April. This will partially help to offset (by roughly 30%) the loss of earnings from its reduced stake in east Malaysia’s hospital concession (no more subcontract from FY16 onwards). We cut FY16 to FY18 earnings by 9%, 8% and 4% respectively after imputing: a) slower recovery in Canada and Australia for Opus; and b) timing gap for projects at Propel. While we like UEM Edgenta’s cash-flow generating capabilities, the lack of upside catalysts coupled with further impairment risks prompt us to downgrade our rating. Apart from the earnings cut, we also adjust our sum-of-parts based TP downwards from RM4.30 to RM3.78 which reflects: 1) the larger share base from the acquisition of KFM, which is partially offset by its valuation inclusion into our model; and 2) lower price-earnings ratio target for Opus from 15 times to 12 times in view of the challenging landscape. — Hong Leong Investment Bank Research, June 8 Near-term earnings risk to remain high for hospital operators Healthcare sector Maintain neutral: Despite our conservative stance on the sector, we think there is still value within Malaysia’s healthcare sector. Take KPJ Healthcare Bhd for instance. While its earnings are mostly derived from Malaysia, it has posted robust earnings growth over the past two years. The stock continues to trade at huge discounts to its regional peers despite its structural earnings growth as its hospitals continue to mature. Thus, the stock has been sorely overlooked despite its robust earnings growth. Overall, hospital operators’ results are coming in decent. IHH Healthcare Bhd (IHH) posted tepid core earnings growth of 5% yearon-year (y-o-y) in the first quarter ended March 31, 2016 (1QFY16), while KPJ recorded a solid growth of over 18% y-o-y. We expect near-term earnings risk to remain high for hospital operators, especially for IHH. The latter’s ability to pass on incremental costs is limited by the poor economic backdrop in its home markets, while it faces earnings drag from its recently acquired Indian assets and new hospital openings in 2015. We expect margin pressure to remain ahead of the Gleneagles Hong Kong opening sometime in 1QFY17. However, the pharmaceutical players continue to disappoint. Hovid Bhd’s poor performance was attributed to currency volatility as its product prices failed to outweigh higher input costs. While this should improve once the ringgit stabilises, we believe near-term risks are inherent in view of the US Federal Reserve’s possible rate hike and other external uncertainties. Caring Pharmacy Group Bhd once again posted weak earnings. We believe the protracted industry restructuring would continue to be a bane for Caring. We slashed our FY16F to FY17F (forecast) earnings for Hovid by 43% per annum to reflect the poor ninemonth FY16 performance, as we err on the side of caution amid the uncertainty in the global economy and volatile currency movements. We also downgraded Hovid to “sell” from “neutral” with a new discounted cash flow (DCF) derived TP of 35 sen. Meanwhile, we cut Caring’s FY16F to FY18F earnings by 255% on lower margins assumption. This is in the wake of its dismal 3QFY16 results, in which core earnings contracted 79% y-o-y to RM1.6 million despite a steady 10% y-o-y revenue growth to RM103 million. Despite lowering our earnings, we retain our RM1.35 DCF-derived TP as we roll our valuation one-year forward. We reiterated a “sell” on Caring. — RHB Research Institute, June 8 THU RSDAY J U N E 9 , 2016 • T HEED G E FINA NCIA L DA ILY H O M E 13 Set up registry for sex offenders, says expert ‘Establish coordinated responses between criminal justice systems’ So that they can be closely monitored and prevented from repeating their offences KUALA LUMPUR: The setting up of a sex offender registry will enable authorities to monitor the movement of sex offenders and address increasing cases of child abuse, said an expert. Universiti Sains Islam Malaysia (USIM) Faculty of Syariah and Law dean, Dr Syahirah Abdul Shukor, said with the current technology, it was crucial for not only childcare centres and organisations, but also the community (in the housing area) to have a database to screen those intending to work with children. She said potential applicants for a job should be screened and identified by employers on whether they were linked to any sexual offence. “By having sex offenders and predators recorded in a register, they can be closely monitored, tracked and prevented from repeating their offences,” she told Bernama when contacted here yesterday. Recently, paedophile Richard Huckle was given 22 life sentences by a court in London for sexually Over 150,000 refugees, asylum seekers in Malaysia Fulfil polls pledges, says Taib KUALA LUMPUR: As of April-end, there were 154,140 refugees and asylum seekers registered with the United Nations High Commissioner for Refugees (UNHCR) in Malaysia. UNHCR representative in Malaysia, Richard Towie, said the majority of them were from Myanmar. A total of 139,780 refugees and asylum seekers were from Myanmar, with the rest coming from Sri Lanka, Pakistan, Somalia, Syria, Iraq, Iran, Palestine and other nations, he said. He said this at a press conference after attending the launch of Odysseys: A Photographic Exhibition of the Asia and Europe Refugee Crises organised by Agence France-Presse here yesterday. — Bernama KUCHING: Sarawak Yang Dipertua Negeri Tun Abdul Taib Mahmud opened the first session of the 18th state legislative assembly yesterday, advising the state government under Chief Minister Tan Sri Adenan Satem to fulfil all promises made in the recent state election. He said the people were hopeful that the Barisan Nasional government would keep the promises it had made in its election manifesto. “The Barisan Nasional manifesto, which is comprehensive, touched on various aspects, including socio-economic development, environmental conservation, as well as protecting the rights of the Sarawak people in Malaysia,” he said. The people, he said, need the government’s support to overcome the various issues and challenges in their daily life. Abdul Taib said close relationship between the Sarawak and violating 23 children and babies in Malaysia, as well as children in Cambodia for almost a decade. Reuters reported that Huckle, 30, would be in jail for at least 23 years for the crimes he committed on children aged between six months and 12 years, who were from poor families in Kuala Lumpur. Huckle pleaded guilty to 71 offences and police found more than 20,000 pornographic images of children in his computer and camera when he was arrested at Gatwick Airport in London in 2014. British media reported that Huckle, a freelance photographer, had abused up to 200 children aged between six months and 12 years from 2006 to 2014. Dr Syahirah, who has been conducting research on children sexually abused via the Internet since 2005, by comparing the legal approaches under United Kingdom and Malaysian laws, said rehabilitation programmes for sexual offenders should also be emphasised and given priority so that they could improve themselves. — Bernama Abdul Taib (right) sharing a light moment with Adenan after opening the 18th state legislative assembly yesterday. Photo by Bernama federal governments is crucial to ensuring that Sarawak continues to develop. He said Sarawak still needed special attention from the federal government, especially in terms of providing infrastructure for the people, like roads, water and electricity supply, health facilities and education. — Bernama KUALA LUMPUR: The United Nations Children’s Fund (Unicef ), together with the WePROTECT Global Alliance, is calling on national governments to establish coordinated responses between criminal justice systems, to better protect children from online sexual abuse and exploitation. The systems should include law enforcement, child welfare, the education, health and information and communications technology (ICT) sectors, as well as civil society, Unicef said in a statement. “When young people, governments, families, the ICT sector and communities work together, we are more likely to find the best ways to respond to online sexual abuse and exploitation. “This will send a strong message that confronting and ending violence against children online — indeed anywhere — is all of our business,” said the Unicef associate director of child protection, Cornelius Williams. Citing a new Unicef study on “Perils and Possibilities: Growing Up Online”, Williams said that although the Internet and mobile phones had revolutionised young people’s access to information, the report, however, showed the real risk of online abuse for girls and boys. “Globally, one in three Internet users is a child. Today’s findings provide important insights from young people themselves. “Unicef aims to amplify adolescents’ voices to help address online violence, exploitation and abuse, and make sure that children can take full advantage of the benefits the Internet and mobile phones offer,” Williams said. — Bernama on web + mobile One-on n-on ne interview with success sful u entrepreneurs, senior executive ves and analysts. Uploaded on Tuesday and Thurs sday @ 12.30pm Anytime, anywhere on www.theedgemarkets.com T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 14 H O M E Rebranding of Sungai Perak adds to beauty of royal town Plans to include business and handicraft complexes, recreational centre KUALA KANGSAR: Plans to redevelop the banks of the Sungai Perak will make it a landmark and attraction in the royal town of Kuala Kangsar. Kuala Kangsar Municipal Council (MPKK) president Shahrom Abd Malik said the rebranding of the area would make it a more attractive tourist destination upon building a more modern business complex, cultural centre and recreational centre. He said the plans included construction of a business complex, grand bazaar, culture and handicraft complex, Wisma MPKK, municipal field, Sungai Perak riverbank public park and a multi-storey car park on a 6.4ha piece of land. Speaking to Bernama here yesterday, he said the grand bazaar and five-storey business complex with parking bays were estimated to cost RM30 million. “The grand bazaar will also have business outlets which could be rented by local traders to sell their products,” he said. Shahrom said the cultural and handicraft complex, estimated to be built at a cost of RM10 million would serve to market local products such as handicrafts and works of art.“These development plans have been submitted to the federal government, pending allocations,” he said, adding that the first phase was planned to be developed within five years. Currently, the area has stalls, a mini eatery, Arena Square, a cendol and laksa complex, urban park, public square and the Sungai Perak jetty. Shahrom said with the development, all premises and parks would be redeveloped in a more structured and attractive manner. On the planning for the development of the recre- ation park, he said Sungai Perak was an attraction and the recreational facilities would be built around the concept of a riverfront. “The development includes the urban park and a culture area in Kuala Kangsar town and the Seberang Sayong Sungai Perak reserve area up in front of Istana Iskandariah.” Shahrom said various facilities would be provided at the park, including a bicycle track, pedestrian walk, rest huts, sitting areas, a square, as well as toilet facilities and park lights. — Bernama BN women pitch in for Sungai Besar candidate SUNGAI BESAR: More than 1,000 women members of Barisan Nasional (BN) component parties from around the country are helping to campaign for BN candidate Budiman Mohd Zohdi in the Sungai Besar parliamentary by-election. Wanita Umno vice-chief Datuk Azizah Mohd Dun said yesterday they were making door-to-door visits and using other approaches to talk to the voters. “Insya Allah (God willing), we will be able to meet all the voters. We believe we can retain the seat for the BN,” she told reporters after handing over welfare monthly aid to 30 people from the Sabak Bernam district here. The by-election is a three-cornered contest among Budiman, who is the state assemblyman for Sungai Panjang, Meru state assemblyman Dr Abdul Rani Osman of PAS, and Parti Amanah Negara candidate Azhar Abdul Shukur, who is representing Pakatan Harapan. The by-election is being held following the death of the member of parliament Tan Sri Noriah Kasnon, in a helicopter crash in Sarawak on May 5. Addressing the gathering earlier, Azizah, who is deputy minister of women, family and community development, said the federal government spent RM1.2 billion annually on the people’s welfare. “The biggest allocation of welfare aid in Selangor and Sungai Besar is from the federal government. We (BN) do not oppress the people (although they are under opposition administration) because we are concerned about their welfare wherever they may be,” she said. Azizah hailed the late Noriah as an elected representative, who had worked hard and showed great concern about the welfare of her constituents. — Bernama RAMADAN CHEER … Wanita Umno chief Tan Sri Shahrizat Abdul Jalil (centre) posing with orphans following prayers at Masjid Rizwaniah in Ipoh yesterday. Some 100 children from the Bukit Chandan and Manong state constituencies received gifts for Ramadan during the programme. Photo by Bernama MCA met 40% of Sg Besar Chinese SUNGAI BESAR: MCA has reached out to about 40% or more than 5,000 Chinese voters in Barisan Nasional’s (BN) campaign for the Sungai Besar parliamentary seat by-election on June 18. The Sungai Besar constituency, located in the Sabak Bernam district, has 13,094 Chinese voters from a total of 43,655 voters in the state seats of Sungai Panjang and Sekinchan. MCA Youth chief and MCA Sungai Besar by-election committee director Senator Chong Sin Woon said in the past four days they had been conducting face-to-face and house-to-house campaigns apart from holding small-scale people’s programmes. He said the response and support shown by Chinese voters to the BN candidate had been positive compared with the situation in the 13th general election. “If in the past, the reception was cold and some voters even refused to shake the hand of the candidate, the Chinese voters’ reaction to the BN candidate Budiman Mohd Zohdi is much warmer as he is a local boy and is frequently seen in the area. “Generally, voters are familiar with him and some even call him by name. MCA has no problem taking him to meet voters as he is friendly and warm,” he told reporters after accompanying Budiman to several temple areas in Sungai Besar town yesterday. In the upcoming Sungai Besar by-election, Budiman will be challenged by Dr Abdul Rani Osman of PAS and Parti Amanah Negara’s Sungai Besar chief Azhar Abdul Shukur. — Bernama CCTV images of six men together in Morais’ case KUALA LUMPUR: Footages of a closed circuit television (CCTV) recording that was screened in the High Court here yesterday showed images of six men gathering at a restaurant and a hotel two days before deputy public prosecutor Datuk Anthony Kevin Morais was found dead last Sept 4. Analyst at the audio video investigation unit, forensic labora- tory of the Royal Malaysia Police in Cheras, Inspector Mior Samsul Abdul Rahman said the images of the six men were recorded through the CCTV in Restoran Syed Bistro and Hotel New Town, Petaling Jaya. He said the footage of the CCTV recording was obtained to identify the suspects. Questioned by deputy public prosecutor Masri Mohd Daud during examination-in-chief, Mior Samsul confirmed that the six men had gathered at the restaurant between Sept 3 and 4. Mior Samsul, 32, who is the 26th witness, said the six men were also seen in Hotel New Town, Petaling Jaya, on the same day. The hearing before Judge Datuk Azman Abdullah continues on June 27 and 28. — Bernama IN BRIEF Kemaman flood management system gets UN recognition KEMAMAN: The Kemaman district flood management system developed by the Malaysian Communications and Mutimedia Commission has earned the recognition of the United Nations (UN). Air Puteh State Assemblyman Wan Abdul Hakim Wan Mokhtar said the integrated system enables the authorities to monitor the floods at all times. “Among the five countries which developed the flood management system, Kemaman district received attention and recognition by the United Nations. “I received the certificate recently,” he told Bernama after distributing RM602,000 in aid to flood victims here yesterday. — Bernama EC orders PKR to remove party flags in Kuala Kangsar KUALA KANGSAR: The Election Commission (EC) has ordered PKR to remove the party’s flags put up along roads in Kampung Senggang near here. EC Perak director Ahmad Adli Abdullah said yesterday only parties contesting the Kuala Kangsar parliamentary by-election were allowed to put up their flags in the constituency. He said the EC would remove such flags or campaign material in accordance with Section 24B(4) of the Election Offences Act 1954. A check by Bernama at 2pm found that the PKR flags had been removed. — Bernama Kidnapped Malaysian sailors freed, says Sulu police chief KOTA KINABALU: The four Malaysian sailors who were kidnapped by Abu Sayyaf militants on April 1, have been freed, Filipino news portal Philstar.com quoted Sulu police chief Senior Superintendent Wilfredo Cayat as saying yesterday. It said they were released at about midnight on Tuesday, but did not give more details. The portal also quoted Western Mindanao Command (Westmincom) spokesman Major Filemon Tan Jr as saying the four Malaysians were released early yesterday. — Bernama PKA concerned over Customs information system breakdowns KUALA LUMPUR: The Port Klang Authority (PKA) has expressed concern over the recurring breakdowns in the Customs information system at Westport’s Port Klang. In a statement yesterday, PKA said the system at Westport was down at 2am yesterday, following which containers were checked and released manually to reduce congestion. PKA general manager Datuk Capt David Padman said the issue was beyond the control of the authority and its terminal operator. — Bernama T HU RSDAY J U N E 9 , 2016 • T HEED G E FINA NCIA L DA ILY COMMENT 15 Hillary Clinton embraces being first Expect her to run a solid, competent, capable — and very tough — campaign BY JONAT HA N B ERN STEIN H illary Clinton has made history, and on Tuesday night she traced out how she is going to try to make some more of it. Victory speeches are easy. The news is good, the room is packed with enthusiastic supporters, the campaign controls the visuals, and the text is usually painstakingly massaged and managed, especially if there is plenty of advance notice. And the Clinton campaign has known for weeks, maybe months, that tonight would be the big night (despite the Associated Press’s off-message ability to call the nomination for Clinton on Monday, thanks to a few super delegates who talked a bit too much). So, yes, Clinton gave about as good a speech as she can. The emphasis was interesting. Some “firsts” play down their accomplishments; Barack Obama, the first black president, often (although not always) took that path. On Tuesday night, Clinton made her status as the first female major-party presidential Hillary Clinton takes Democratic nomination President Barack Obama congratulated Hillary Clinton Tuesday for clinching the presidential nomination DEMOCRATS 2,383 Needed to ensure nomination Total delegates 4,763 Ahead of June 7 primaries Hillary Clinton 1,812 572 Bernie Sanders 1,525 1,572 2,384 Delegates won Total with super delegates 47 Source: CNN delegates tally nominee central to her message. That is probably smart. Her first task now is to unify the party, and most Bernie Sanders voters are feminists, even if they did not choose to support her so far. Another is to reach out to independents and weak Republicans who are put off by Donald Trump’s bullying tone — many of whom are women. And even for Democrats who support her, emphasising the chance to elect the first female president might be a good way to develop more excitement. This is especially true for a candidate who, after all, mostly promises to continue the current administration’s policies, not a radical break. The status quo is rarely exciting, so Clinton reminds everyone that she cannot possibly be the status quo. The rest of her speech emphasised community and cooperation, set up as a sharp contrast to Trump’s harsh and divisive rheto- ric. Her tag line: “Bridges are better than walls.” Generally, candidates and their campaigns are least important in presidential general elections (compared to primary elections or down-ballot contests). Most voters wind up supporting their party’s candidate, even if they say they vote the person, not the party. See related story on Page 20 However, she is an excellent debater, she handles one-on-one interviews well, and by all reports she is good with voters in small groups. And no one earns the support of the vast majority of party actors during the invisible primary without being very good at politics. We will see whether Donald Trump manages to run a competitive campaign or not. As of now, the best guess is he will be worse than a generic Republican — perhaps far worse. I think Clinton had fewer high-level elected officials from her party opposing her before Iowa than Trump does now, weeks after his last competitor for the nomination dropped out. That may yet turn out to be important. Whatever happens with Trump, however, expect Hillary Clinton to run a solid, competent, capable — and very tough — campaign. And if Republicans are smart, that is what they will prepare for. — Bloomberg View Whether her polling numbers said Clinton was popular, as they did early in the campaign, or unpopular, as they do now, I have always thought she would perform as fairly close to a generic Democratic candidate in the general election. The only major question is whether a woman as a presidential candidate would be a small boost or a small penalty, or (as seems to be the case in lower-level elections) if it would not make much difference at all. But make no mistake about it: Hillary Clinton is an extremely skilled politician. What she did on Tuesday night, giving a speech to supporters, is Jonathan Bernstein is a Bloomberg really where her talents are weakest. View columnist covering US politics. Germany’s strange turn against trade BY MARCEL FRATZSCHER THE window of opportunity to complete the Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union is closing quickly. National elections in the US, France, and Germany will be held this year and next, and the campaigns will play out in an environment that is increasingly hostile to international agreements in any form. The biggest risk might come from the least likely source: Germany, an export powerhouse. As it stands, some 70% of Germans citizens oppose the TTIP, almost twice the average in other European countries. They overwhelmingly believe that Germany will not benefit economically, that lower-skill workers’ wages will suffer, that large corporations will gain power at the expense of consumers, that data and environmental protection will be compromised, and that citizens’ rights will be undermined. But a slew of studies have proved all of these claims to be overblown or outright wrong. In fact, Germany — whose economic progress since the end of World War II has been driven by its consistent openness to international trade and economic integration, and which remains one of Europe’s most open and trade-dependent economies — would be among the main beneficiaries of the TTIP. It is projected that the TTIP would raise annual per capita income in Germany by 1% to 3%, or €300 to €1,000 per year by 2035. Moreover, with nearly 50% of German jobs linked, directly or indirectly, to the tradable sector, the deal would also help protect employment. And, by boosting the ability of the US and Europe to set global business standards, German firms’ international competitiveness would rise. Not every individual or company stands to gain from the TTIP, but the net effect on Germany’s economy and citizens would be clearly positive. Why, then, do so many in Germany oppose the deal? One reason is that Germany’s apparent economic success has increased aversion to change. The country not only endured the global financial crisis of 2008-2009 and the European sovereign debt crisis; it has actually thrived in recent years, experiencing robust gross domectic product (GDP) growth and impressive wage gains. The unemployment rate has been halved since 2005, reaching a record low of 4.6% today, and its current-account surplus has soared to a staggering 8% of GDP. The sense of being Europe’s economic superstar has generated policy inertia, bringing the country almost to a complete standstill on economic reforms. While most other Europeans are desperately looking for any opportunity to pull their country out of crisis, Germans see little reason to meddle with an ostensibly prosperous status quo. Unfortunately for Germany, its current path is not as smooth and secure as people like to think. In fact, since its lost decade as the “sick man of Europe” in the 2000s, Germany has caught up with other advanced economies in only some areas. It still has one of the lowest rates of public and private investments among countries, and will be hit harder than most by a dramatic demographic shift over the next decade. Beyond providing an immediate economic boost, the TTIP would help Germany weather the longer-term challenges it faces. Germany’s opposition to the TTIP also reflects the recent surge in populist and nationalist sentiment in much of the Western world. The appeal of such forces is particularly pronounced in the EU, owing to the popular perception that European integration has weakened national sovereignty and left citizens subject to decision-making by unelected technocrats. The last thing many Europeans want is yet another set of supra-national rules, formulated behind closed doors, governing their economies. This sentiment is especially acute for Germans, who remain bitter at, as they perceive it, having been Europe’s paymaster during the crisis. Some now fear that the TTIP is just another trick, intended to take advantage of Germany’s economic strength and generosity. Overcoming this fear will be no easy feat (see Figure 1). A third reason for Germany’s opposition to the TTIP is that the country is already engaged in a battle for wealth redistribution. Germany currently has the highest inequality in private wealth in the eurozone, and it has experienced a sharp increase in wage inequality over the last two decades. In fact, many Germans anticipate a further increase in inequal- ity. Not only is the minimum wage widely circumvented; some politicians have capitalised on fears of the current influx of refugees to win votes, claiming that openness to foreigners will only make inequality worse. Compounding Germans’ disillusionment is the sense — shared by many in Europe and elsewhere — that the system is “rigged.” Volkswagen managers received huge bonuses this year, despite the global scandal caused by the company’s years-long effort to evade emissions standards. And the release of the Panama Papers has revealed how the wealthiest avoid paying taxes. Claims that the TTIP would benefit primarily the wealthy have thus struck a chord with labour unions and others. A trade-dependent economy has much to gain from freer trade, especially with a market as large as the US. Germany should be using its political clout to push its European counterparts to seal the deal. Instead, with the popularity of the country’s two largest political parties, the Christian Democratic Union and the Social Democrats, falling fast, Germany’s leaders are unlikely to push an unpopular deal. That is bad news for everyone — especially Germans. — Project Syndicate Marcel Fratzscher, a former head of International Policy Analysis at the European Central Bank, is committee chairman and president of the think tank DIW Berlin. T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 16 FO CU S T HU The best luxury sedan still a BMW 03 It won’t make you stand out, but it will serve you well BY HA NN A H EL L IOTT E very test group needs a control. That way any divergence from the standard can be detected and examined. For luxury sport sedans, that’s the BMW 3-Series. Ask virtually any car critic at a reputable publication, and they’ll agree. There’s a reason one of every four BMWs sold is a 3-Series — 94,527 in North America alone last year. BMW’s 2016 340i is a good example of why. The US$45,800 (RM185,948) sedan has a confident and sure-footed suspension balanced by a light-on-its-feet steering and six-speed transmission. (That “i” used to stand for fuel-injected. Now it differentiates between engine and power variants.) Its three-litre turbocharged engine has such a healthy appetite for the road that it resembles a young pup in the middle of a growth spurt — the blooming beast eats everything in sight. And it’s wrapped in a body that looks balanced across its shoulders, masculine across the front kidney grille, and as appropriate for showing up to a business meeting as it is for retrieving a first date. Audi, Cadillac, Mercedes-Benz and, in its own way, Porsche, have been gunning for this top spot for years. And they’ve produced very good things, including the capable Mercedes C Class (a jewel of a car), the fresh, progressive Audi A4 sedan, and a four-door version of the Cadillac ATS-V that has made massive strides forward for the Detroit brand. Each of those brings a twist to the standard BMW set 40 years ago when it started the line. Some have offered improvements in efficiency (Audi); others have advanced driving and crash-avoidance technology systems (Mercedes). But on the whole they are just that — a twist. However welcome and refreshing it may be, if you want the four-door luxury sedan experience, the one that hits all the right notes for performance, design, trim and technology, get the BMW 340i. Here’s why. Behind the wheel If and when you do buy the 340i, the six-speed manual is the way to go. (The eight-speed sport automatic comes standard; all-wheel-drive and manual gearbox cost extra.) You’ll find its precise gearbox gets a full 30 miles per gallon (mpg) (12.75km per litre [km/l]) on the highway; it’ll hit 60mph (100km/h) in 5.4 seconds. Those figures beat the US$38,950 Mercedes C300 (34mpg; 6.2 seconds) and US$45,900 Audi A4 2.0 TFSI (33mpg; 6.1 seconds) for speed but not efficiency. Pick your poison. The new inline-six engine, which gets 320 horsepower, is the only one on web + mobile 01 01. BMW has been making the 3-Series for 40 years. This is the sixth generation of the car. Photos by Bloomberg 02. Most of the changes to the 340i are subtle. BMW has retained the trademark kidney grille but enhanced the LED headlights. 03. The 3-Series is by far BMW’s best-selling model. 02 offered outside of the higher-tuned M line (every other 3-series model in the United States gets a turbocharged four-cylinder). Turn it on and you’ll find its notes quiet, even subdued. But the aggression through fourth and fifth gears more than make up for the reserve. Under pressure the 340i responds quickly and eagerly as you punch the gas. The steering can feel faded around the edges — at least for what you expect from BMW’s otherwise routine “ultimate driving machine” persona — but not enough 04. The interior of the 340i is minimal but well done. to sour me on the overall drive style of the car. In fact torque here is 330 poundfeet (447 newton-metre) — you feel it right from first gear. And the entire chassis has been tightened a bit over last year’s model to affect an even sportier character (or so BMW claims; it was imperceptible to me). Top speed is 130mph. point out revised air intakes and augmented headlights across the front that lighten the look a hair, as well as L-shaped rear light-emitting diode (LED) lights and turn indicators. BMW has added new wheel and exterior colour options as well. The company is right to keep the size and shape of its unmistakable grille, the Bavarian Motor Same handsome face Works blue and white badge, the The exterior of the new 340i remains LED headlights and fog lights, and virtually unchanged for the new year, dorsal fin at top. although the careful observer could The 18-inch (46cm) double-spoke Catch up on the Top 5 news of the day. Uploaded from Monday to Friday @ 8.3 30pm 04 allo cal dro ing the ly — of a the Th to MO cui a fi dri On cho ma 16 nar cep per Pat of R pro the ists RS eng pow del ton app sur du wo the for car Anytime, anywhere on www.theedgemarkets.com the ing Tro sig sys T HURSDAY J U N E 9 , 20 16 • T HEED G E FINA NCIA L DA ILY FO CU S 17 the black and red “Dakota” leather upgrade (US$1,450) and track handling package (US$1,700), which includes matte chrome exterior trim, anthracite wood interior trim and M Sport brakes, for the extra edge. 03 01 s ark ing nd the , as ing caeel ell. eep mistor the and oke 04 alloy rims come standard; the brake calipers on the brilliant red one I drove carried the triple-line M badging. Pay attention and you can see them flash through the spokes briefly — it’s like when you see the slip of a silk lining in a bespoke suit or the edge of a vintage Rolex under a cuff. The hint of the right badge, so to speak, lets others know you’re in the club. If I have one general complaint about these sedans it’s that they’re so good they’re ubiquitous at this point. If you own one, it takes extra effort to stand out. So I’d also choose BMW’s standard interior That same-same ubiquity extends to the BMW’s interior geography. Nothing new to see here, which isn’t a bad thing exactly, but as a French friend noted, that dashboard is starting to look a bit dull. The heads-up display configuration could afford to be slightly more streamlined as well. Rain-sensing wipers, auto-dimming lights, keyless entry and the power glass moon roof come standard. New material options like “black Dakota leather” with blue stitching and additional chrome highlights, with a new sliding cover for the cup-holders, do well to make it look sleeker. Otherwise, the headroom and legroom embrace tall and small drivers with equal magnanimity and the rear seat does easily accommodate a third adult. (Not that anyone wants to sit there, ever, except for those odd ducks who like it because it affords them an unobstructed view straight ahead.) The 340i is not as cushy on the inside nor as rounded on the outside as the Mercedes C Class; it doesn’t have the futuristic, fresh feel of the Audi A4. If you want something revolutionary, this isn’t the car for you. And when BMW decides to do a total update, it’ll have to press hard to make something that looks and drives in a bold new way. But the 340i is done so well, with no nonsense across its performance and design, that, for now, the space behind the wheel feels like home. — Bloomberg The Clio RS16, a new concept car to showcase Renault Sport know-how MONACO’S famous Grand Prix circuit was the site late last month for a first look at the new concept car driven by Renault Sport Formula One Team’s Kevin Magnussen. By choosing Monaco, Renault Sport makes the link between Clio RS 16 around circuits and on ordinary roads. “Our aim was to produce a concept car with genuinely outstanding performance credentials,” notes Patrice Ratti, managing director of Renault Sport Cars, leader of the project which particularly inspired the development team’s specialists. “On paper, producing a Clio RS powered by our most potent engine — namely the 275-horsepower two-litre power unit, which delivers peak torque of 360 newton-metres — was an extremely appealing idea, but we had to make sure it was feasible.” Thanks to new working procedures involving teams from the worlds of motorsport and road cars, the incubation of the highest-performance road-going Renault Sport car ever took just five months. Finding the ideal way to house the engine, transmission and cooling system of the Mégane RS 275 Trophy-R into the Clio RS 16 was a significant challenge. The exhaust system was also revised as a func- The design and development team dealt successfully with the constraints inherent in the Clio RS 16 project to produce an expressive, sporty stance. Photo by Renault tion of the engine’s potential, while the suspension was engineered to match the car’s performance characteristics. Careful attention was paid to the sound produced by the car, too, and an Akrapovic twin exhaust system was selected. The design and development team dealt successfully with the constraints inherent in the Clio RS 16 project (body widened by 60mm, 19-inch [48cm] wheels and optimisation of the engine cooling system) to produce an expressive, sporty stance. The result is enhanced by a light-emitting diode RS Vision chequered-pattern lighting signature featuring exclusive multifaceted reflector technology. Renault Sport’s trademark Sirius yellow has been combined with gloss black details to mirror the livery of Renault Sport Formula One Team’s RS 16 F1 single-seaters. After the May 27 first public airing in the streets of Monaco, the car’s next official appearance will be the Goodwood Festival of Speed in West Sussex, the United Kingdom, from June 23 to June 26. The model features the new cushion-case design of the era, in steel at a very wearable 42mm. Photos by Bloomberg The model is a bit odd because of its Valjoux 7736 manual-winding movement.. A rare icon of 1970s racing to wear on your wrist BY J US T IN O C E A N ALL watch brands have a signature watch: the Rolex Submariner, the Jaeger-LeCoultre Reverso, the Audemars Piguet Royal Oak. The Autavia is TAG Heuer’s, a beloved racing watch from the heyday of the Heuer solo brand. The wristwatch began as a clock for cars and planes (Autavia is a portmanteau rendition of automotive and aviation), and by the 1970s it was an essential part of the kit for race car drivers. This was the golden age of Le Mans and Steve McQueen, and Heuer chronographs were in lockstep with them in the glory of it all. Despite all that, a 2003 reissue wasn’t a success. While Monacos from the same era (and their contemporary reissues) continue to go strong on the collector market, the new Autavias were off the market in two years. It may have been the company’s choice to adopt a fixed bezel, or that the modern interpretation with squared-off pushers, a new logo, and not-quite-legit Caibre 11 movement just wasn’t special enough. Why own a facsimile when you can get the real thing? Now you can. An Analog/Shift find caught our eye this week: a 1972 Heuer Autavia ref 73663. The model is a bit odd because of its Valjoux 7736 manual-winding movement. After the company introduced the world’s first automatic chronograph movement in 1969 (the Calibre 11), the new technology quickly edged out the manual winders. That’s what makes this version all the better for collectors: It’s a rarer, more interesting outlier. Curiously, this would have been Heuer’s “budget” option back then, or perhaps a military issue; the accuracy and dependability of the Calibre 11 movement was still being put through its paces. Aside from the movement, everything is classic Autavia. The model features the new cushion-case design of the era, in steel at a very wearable 42mm. Bevel edges are crisp and brush marks are defined; the crown, fluted pusher and case back are all original. And yes, that Gay Freres “Beads of Rice” bracelet is still as timelessly swank as the day it was released. The panda dial comes in “Siffert Colours” — white dial with black registers and bright blue accents — named after Swiss Formula One star Jo Siffert. The condition is superb, with even patination across the luminescent plots. Which is all to say: This is a pretty key find. With racing season in full swing, there’s no time like the present to have it make a reappearance. The Heuer Autavia ref 73663 is available from AnalogShift. com for US$16,500 (RM66,990). — Bloomberg T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 18 W O R L D B U S I N E S S ECB buying corporate bonds In the central bank’s latest effort to revive rock-bottom inflation FRANKFURT: The European Central Bank (ECB) began buying corporate bonds yesterday, hoping to convince companies to borrow and spend, in its latest effort to revive rock-bottom inflation in the eurozone. Adding investment-grade euro credit to its €1.74 trillion (RM8.04 trillion) of asset purchases, the ECB hopes to cut borrowing costs even more. That would give companies Sainsbury’s sees no let-up in tough market conditions incentive to invest, fuelling faster growth in the bloc, still struggling to overcome the last stages of its debt crisis. The programme will face serious obstacles. The market for such debt is worth €500 billion to €600 billion, but it is largely limited to big companies in France and the Netherlands. They already enjoy easy access to credit, so their interest in the cheap cash may be limited. Success will largely depend on the ECB’s ability to attract new borrowers and on cheaper borrowing costs trickling down to weaker economies like Italy’s and Spain’s, where costs remain high. “At this stage, the ECB itself is probably not sure how much it will be able to buy,” Deutsche Bank analyst Michal Jezek said. “For example, we could see some strong months with €9 billion to €10 billion of purchases and others, such as August, with say €1 billion to €2 billion, with most months somewhere in between.” Jezek expects record euro debt issuance this year, with €250 billion in gross and more than €100 billion in net sales. About half the net figure will come from eurozone corporations, responding to the ECB’s purchases. — Reuters Ralph Lauren vows to make slowmoving brand more like H&M BY STEP HANI E WO NG LONDON: Sainsbury’s, Britain’s second biggest supermarket, yesterday reported a drop in quarterly underlying sales and cautioned that it did not expect market conditions to improve any time soon. The firm, which in April agreed a £1.4 billion (RM8.26 billion) takeover of Argos-owner Home Retail, said sales at stores open over a year fell 0.8%, excluding fuel, in the 12 weeks to June 4, its fiscal first quarter. That was slightly better than analysts’ average forecast of down 1.4%, but represented a step back from a rise of 0.1% in the fourth quarter of the supermarket’s last financial year, its first quarter of growth in over two years. “Market conditions remain challenging. Food price deflation continues to impact our sales and pressures on pricing mean the market will remain competitive for the foreseeable future,” said chief executive Mike Coupe. He added that he still expected Sainsbury’s to outperform its major peers. — Reuters NEW YORK: Ralph Lauren Corp, the nearly 50-year-old brand known for preppy fashion and premium prices, is looking to operate more like fast-fashion retailer H&M. Chief executive officer (CEO) Stefan Larsson, who previously worked at Hennes & Mauritz AB and Gap Inc’s Old Navy, is working to get products through Ralph Lauren’s supply chain in nine months — down from 15 months currently. The idea isn’t to match H&M’s low prices, but to mimic its quick reaction to fashion trends. As part of the shift, the company will carry less inventory, reducing the need to discount clothing when it gets out of date. The change requires new thinking for a brand that has traditionally planned out fashion lines well in advance and then hoped that customers liked what they saw. “We plan on a plan instead of planning what actually performed — that means we’ve got a mismatch between demand and supply,” Larsson said during a presentation to investors on Tuesday. The supply-chain changes are offering hope to investors during a bleak year for Ralph Lauren. The company expects sales to decline Filepic of a customer entering a Ralph Lauren store in New York City. The company expects sales to decline by a percentage in the low double digits in fiscal 2017, which ends around March of next year. Photo by AFP by a percentage in the low double digits in fiscal 2017, which ends around March of next year. Analysts had estimated a 4% drop on average, according to data compiled by Bloomberg. But Larsson expects Ralph Lauren to stabilise in fiscal 2018, before emerging as a streamlined organisation the following year. While the company plans to rely less on discounts, it has no plans to stop selling to off-price channels and will deepen its collaboration with department stores, Larsson said in a separate interview. Larsson, who took the CEO reins from the company’s namesake founder in November, intends to bolster both sales and profit margins by bringing clothes to market faster. The move is part of a “Way Forward” programme that includes slashing 1,000 jobs and shutting down underperforming stores. He’s also cutting three layers of management, while he has made three new “strategic hires”, which will be announced in the near future. — Bloomberg Shareholder ire at Tribune board is well earned BY JEN N I FER SA BA NEW YORK: Tribune Publishing’s board gets an A-plus in testing the patience of shareholders. More than 40% of investors withheld votes for the eight directors put forward by the Los Angeles Times publisher. That’s virtually unheard of, especially when proxy advisers like ISS favour the candidates. As with other unlikely situations, such as Walt Disney’s investor revolt in 2004, the squeals of jilted minorities can kick directors into action. This should be embarrassing enough for Tribune’s board to force tin-eared chairman Michael Ferro to listen to Gannett’s overtures. The conglomerate, which also owns the printed organs of record in Baltimore, Hartford and its hometown, Chicago, has twice rebuffed offers — the latest at US$15 a share in cash, double what investors had previously thought it was worth — from the largest American newspaper chain. Gannett missed the window to nominate its own set of directors, but instead launched a vote-withholding campaign against Tribune’s nominees. At least two-fifths of Tribune’s owners went along, according to a filing released on Monday. Exclude the 17% stake held by Ferro and a few other insiders, and the number of withheld votes climbs just above a majority and even toward 60% for some board candidates, a Breakingviews analysis shows. That’s a remarkable rebuke given the outsized impact of proxy firm ISS. A joint paper from the University of Colorado, Columbia University and the University of Zurich about the adviser’s influence on uncontested director elections found that less than 1% of board elections resulted in more than 20% of owners withholding their votes unless ISS advised them to do so. Over a decade ago, after 43% of shareholders at Walt Disney didn’t cast a vote for then-chairman Michael Eisner, the board stripped him of his title. Tribune says it’s open to discussions with Gannett. Meanwhile, directors are busy with other tasks, like changing the corporate name to the risible “tronc” to reflect its new direction as a digital-content curator. A switch from the New York Stock Exchange to the Nasdaq is also in the works. Investors have given a clear, negative response to these patent-stalling manoeuvres: Tribune’s go-it-alone strategy has landed with a “thunc.” — Reuters IN BRIEF Yahoo offering more than 3,000 patents amid strategic reviews SAN FRANCISCO: Yahoo! Inc is exploring the sale of more than 3,000 patents as part of an effort begun earlier this year to look into ways to monetise its intellectual property. The company has extended efforts on the divestiture of patents and pending patents held by its Excalibur LLC unit that include search, advertising and cloud-based technology, the company said in a statement. There is no reserve price or guidance. Yahoo said earlier this year it would review the disposal of non-strategic assets, including patent and real estate holdings. At the time, it said proceeds could be US$1 billion (RM4.06 billion) to US$3 billion. — Bloomberg Brazil poised to keep rates on hold as inflation remains high BRASÍLIA: Brazil’s central bank will likely keep interest rates on hold for the seventh straight time yesterday, resisting pressure to lower borrowing costs amid a recession as inflation remains well above its official target. All 43 economists surveyed by Reuters expect the central bank’s policy committee, known as Copom, to hold its benchmark rate at 14.25%, a near 10-year high. A deepening recession and lingering political turmoil are renewing pressure on the central bank to start cutting borrowing costs to give a breather to local producers and consumers struggling with high rates and rising loan defaults. — Reuters China’s auto sales climb 11% after tax cut, dealer discounts NEW DELHI: China’s passenger-vehicle sales rose for the ninth time in 10 months after a cut in the purchase tax, with General Motors Co and Toyota Motor Corp reporting increased deliveries among global carmakers in the world’s biggest auto market. Retail sales of cars, SUVs and multipurpose vehicles climbed 11% to 1.76 million units last month, according to the China Passenger Car Association. That compares with the 6.4% increase in sales in April. Deliveries rose to 9.12 million units in the first five months of this year. — Bloomberg New study throws doubt on China’s car emission data BEIJING: Carbon emissions from cars in the Chinese city of Chengdu could be underestimated by more than half under conventional testing methods, according to preliminary results of a study released yesterday. The findings from the study in the central city were supported by a research arm of China’s top planning body using data from Uber and taxi firms. It found that standard laboratory estimates of carbon emissions from cars were off by about 6,500 tonnes per day, or about 59%. — Reuters THU RSDAY J U N E 9 , 2016 • T HEED G E FINA NCIA L DA ILY Wheezing unicorns catching breath of fresh IPO air BY ROB ERT C Y RA N NEW YORK: Wheezing unicorns may get a breath of fresh air from initial public offerings (IPOs). The US$1 billion (RM4.06 billion)-plus technology start-ups like cloud-computing firms Twilio and Nutanix risk running short of cash as venture capital (VC) dries up. The recent revival of IPOs could offer them new hope. Company valuations may drop, but that beats the alternative of a suddenly thinning herd. Only about 34 public offerings have priced so far this year, less than half the number that made it to market in 2015, according to Renaissance Capital. Activity is picking up, though, especially in recent months. About 50% of this year’s floats have occurred in the past five weeks. The resurgence comes none too soon for money-hungry firms facing dwindling financing options. The amount of VC invested in the first quarter (1Q) of 2016 was down 11% from the same period the year before, according to Thomson Reuters data. VC investments for the 4Q of 2015 were 24% less yearon-year. Only two technology companies have gone public so far in 2016. One of them, a spinoff from Dell called SecureWorks, priced below its estimated range and now trades at less than the offering price. Several more are ready to try their luck, though. Among the most prominent are Twilio and Nutanix. Private funding rounds valued the former at about US$1 billion and the latter at US$2 billion. Both firms have a history of steady losses and are thirsty for cash. Nutanix recently received a US$75 million loan from Goldman Sachs, which is also an equity investor in the company and has been chosen to underwrite its offering. There is, however, a downside to IPOs for unicorns. The beasts have reached lofty — some might say mythical — valuations extrapolated from private investments. Public markets will probably set a lower price for their stock, in part to account for the risks of technological change and rapidly shifting markets. Twilio, a cloud-messaging service for tech companies, relies on WhatsApp for 15% of its revenue. Yet the best time to raise money is, of course, when it’s available. If IPOs for the likes of Twilio prove successful, many of the 160 or so other unicorns can be expected to follow. — Reuters W O R L D B U S I N E S S 19 Japan revises up 1Q growth Cooling hopes that central bank will unveil fresh stimulus TOKYO: Japan’s economy expanded at a slightly faster pace than first thought, revised figures showed yesterday, knocking hopes that the central bank will unleash fresh stimulus this month. The data were unlikely to inspire renewed faith in Prime Minister Shinzo Abe’s faltering growth policies, after Tokyo last week said it would delay a tax hike to avoid damaging Japan’s fragile recovery. Gross domestic product expanded 0.5% in the first quarter — or 1.9% at an annualised rate — up from a preliminary reading of 0.4% given last month. The world’s No 3 economy contracted in the final quarter of 2015. The yen strengthened in response to the figures, which were likely to cool expectations that the Bank of Japan will unveil fresh policy moves at a meeting next week. In currency trading, the dollar was at ¥106.86 (RM4.03), down from ¥107.57 in US trading. Yesterday’s finalised figures matched market forecasts. Under Japan GDP Quarterly growth, % 1.3 0.5 0.4 -0.4 -0.4 Mar Jun 2015 Sep Dec Mar 2016 Quarter ending Source : Cabinet Office his signature policy blitz, Abe has sought to boost the lumbering economy with a combination of massive monetary easing, fiscal spending and structural reforms. But the decision to delay the tax hike drew a warning from credit rating agency Fitch, which said it would “undermine the credibility” of Japan’s commitment to paying down one the world’s biggest national debts. Japan’s conservative premier has repeatedly said he would follow through on the levy hike, planned for 2017, after it was already delayed once. But last week he said raising the tariff to 10% from 8% would be pushed back by more than two years to late 2019, when Abe will likely no longer be in office. Critics say it is crucial to shrink a debt mountain that is more than twice the size of the economy, as social welfare costs balloon in the ageing nation. Abe insisted delaying the tax hike would give Tokyo breathing room to take his growth programme “one step further”. However, the economy is still struggling to mount a firm recovery, and a resurgent yen is threatening Japan Inc’s bottom line. — AFP Godiva sees sales exceeding US$1b on Asian appetite BY THOM AS BUC K LE Y LONDON: Godiva, the world’s largest premium chocolate retailer, will probably exceed its target for 2017 revenue of US$1 billion (RM4.06 billion) on the growing appetite for Belgian sweets in Asia, according to the head of its parent company. Godiva is seeking to open about 190 stores in mainland China by the end of 2019 as new products helped boost sales to a record US$792 million last year, Cem Karakas, chief executive officer of Godiva parent Pladis, said in an interview at the company’s headquarters in Lon- don. Pladis, which has annual sales of US$5.2 billion, intends to list its shares in London around 2020, Karakas also said. “We are likely to exceed US$1 billion from Godiva-brand sales with the new initiatives we’ve launched,” Karakas said. The chocolate maker is seeking to strengthen its dominant position in parts of Asia as Swiss rival Lindt & Spruengli AG has set the target of overtaking Godiva as the world’s largest premium chocolatier as early as 2020. Pladis, the London-based biscuits and confectionery division of Yildiz Holding AS, will focus on making the Godiva brand accessible to a greater number of consumers, Karakas said. There’s a scarcity of food players available to investors on the London Stock Exchange, according to Karakas. A vote from the United Kingdom to leave the European Union (EU) in a referendum later this month wouldn’t change the company’s ambitions to list shares in London, but it could change the country’s trade relations with the EU, which would be worrying to Pladis, he added. “I’m not a UK voter evidently, but as a businessman, I hope the UK will vote to remain in the EU.” — Bloomberg Apple raises US$1.4b in Taiwan on insurer demand BY M IAOJUNG LI N & DE BRA M AO TAIPEI: Apple Inc sold US$1.38 billion (RM5.6 billion) of dollar bonds in Taiwan while Canada’s Manulife Financial Corp also priced US$1 billion of securities, as such debt offerings in the jurisdiction jump amid demand from insurers. The sales bring issuance of such corporate securities to US$23 billion for the year, up 53% from the same period in 2015, data compiled by Bloomberg show. Domes- tic life insurers looking for higher yields are driving the trend, said Lawrence Lai, Asia rates strategist at Standard Chartered plc. Apple’s 30-year note has a 4.15% coupon, and Manulife’s bond with the same maturity has a 4.7% coupon. Such multi-decade debentures also suit the needs of life insurers which must make longer-term investments, Lai said. A regulatory change in 2014 opened the floodgates for about US$600 billion of life insurance assets in Taiwan to invest more freely in foreign-currency bonds. Since then, global issuers, including Goldman Sachs Group Inc, have sold almost US$80 billion in US dollar debt to Taiwanese life insurers. The largest offering in the island’s market for bonds in foreign currencies was AT&T Inc, which raised US$2.62 billion in 2015. As yields have fallen at home, life insurers in Taiwan have avoided local debt in favour of foreign notes with higher yields. — Bloomberg IN BRIEF South Korean prosecutors raid Daewoo Shipbuilding offices SINGAPORE: South Korea’s prosecutors raided the offices of Daewoo Shipbuilding & Marine Engineering Co as the world’s second-largest shipbuilder tries to raise funds through asset sales to reduce debt. The raid comes after an audit committee of Daewoo Shipbuilding requested an investigation into two former chief executive officers for alleged mismanagement of the company, the Geojae, South Korea-based shipyard said in an emailed response to a Bloomberg query. The company is among shipyards restructuring to raise funds after deliveries of offshore drilling and production units were pushed back, as oil prices crushed demand. — Bloomberg Bezos: Amazon to up India investment to over US$5 billion WASHINGTON: Amazon Inc chief executive Jeff Bezos said on Tuesday the company would invest an additional US$3 billion (RM12.18 billion) in India, boosting its committed investment in the country to over US$5 billion. Bezos told an event in Washington that India is Amazon’s fastest-growing region, with the investments helping start-ups in India and speeding up India’s role as a hub for innovation and digital entrepreneurship. Amazon would open a Web Services Cloud Region in India this year, with the country to become home to the firm’s largest software engineering and development centre outside of the United States. — Reuters TomTom wins deal to provide Volvo cars with maps, data AMSTERDAM: TomTom, the Dutch navigation company, said yesterday it had won a contract to provide Volvo cars with real-time maps and traffic data for its vehicles. TomTom competes with Google Maps and Here, the former Nokia unit now owned by Audi, BMW and Daimler. TomTom has won a string of contracts for its mapping technology, which it believes will play an important role as car driving becomes increasingly automated. Other TomTom customers include Volkswagen, Uber and Apple. — Reuters Nissan, Takata face criminal complaint on Japan airbag rupture TOKYO: Nissan Motor Co and Takata Corp executives responsible for quality and safety face a criminal complaint in Japan over the rupturing of a defective airbag, the first such case in the companies’ home market. Police in the eastern Japan city Ito accepted the complaint on May 30 from the female passenger injured by a Takata airbag ruptured in a Nissan X-Trail sport utility vehicle in October, according to a police spokesman. — Bloomberg T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 20 WORLD Clinton clinches Democratic nomination Appeals to Sanders’ supporters to join her Clinton acknowledging the cheers from supporters during her California primary night rally held in Brooklyn, New York on Tuesday. Photo by Reuters BY JAMES OLIPHANT SANTA MONICA, California: Hillary Clinton declared herself the Democratic Party nominee for US president on Tuesday, embracing her role in history as the first woman to lead a major party in a race for the White House. The former first lady, US senator and secretary of state celebrated her victory in the nominating race over rival Bernie Sanders at a raucous event with supporters in Brooklyn, New York, where Clinton placed her achievement in the context of the long history of the women’s rights movement. “Thanks to you, we have reached a milestone,” Clinton said in a speech. “We all owe so much to who came before.” Clinton, 68, spoke shortly after beating Sanders in New Jersey’s nominating contest, expanding Papua New Guinea police open fire on protesters her lead in the delegates needed to clinch the nomination and setting up a five-month general election campaign against presumptive Republican nominee Donald Trump in the Nov 8 election. Wide support for petition to oust US judge in sex assault case BY JOCELYN E Z ABLI T PORT MORESBY: Police in Papua New Guinea opened fire yesterday on students protesting against the prime minister, with 23 injured — five of them critically — in a clash which authorities blamed on “political agitators”. Students have been locked in a month-long standoff with authorities and have been boycotting classes as they demand Prime Minister Peter O’Neill step aside over corruption allegations. Witnesses said the clashes broke out in the capital Port Moresby as students prepared to march from the University of Papua New Guinea to parliament, where O’Neill was due to face a no-confidence vote. Anti-corruption campaigner Noel Anjo Kolao, who helped organise the protest, said police had set up roadblocks and pointed their guns at students. “Then they started shooting at them,” he told AFP by phone, saying he saw several injured students. Police Commissioner Gari Baki said in a statement that 23 people were hurt. Five of them were critically injured, according to the Port Moresby General Hospital and the Gerehu St John’s Hospital. Reports in Australian media that four people had been killed were denied. — AFP New Jersey was one of six states holding contests on Tuesday, including California, the big prize where Clinton was still at risk of an embarrassing loss to Sanders as she heads into the campaign against Trump. With about one-third of the votes counted in California, Clinton held a wide 20-percentage-point lead over Sanders, but news networks said the race was still too close to call. In her speech, Clinton appealed to Sanders supporters to join her and said the Democratic Party had been bolstered by his campaign for eradicating income inequality, which had commanded huge crowds and galvanised younger voters. Clinton edged Sanders out, especially among older voters, with a more pragmatic campaign focused on building on the policies of her fellow Democrat, President Barack Obama. — Reuters LOS ANGELES: Nearly half a million people on Tuesday had signed a petition calling for the ouster of a California judge, who has sparked outrage for his lenient sentence in a high-profile sexual assault case. Santa Clara Superior Court Judge Aaron Persky last week sentenced Brock Turner, a former Stanford University student, to six months in jail for sexually assaulting an unconscious woman in January 2015. Lurid details of the case and the woman’s emotional court state- ment recounting the assault and its impact on her life have gone viral on social media, with many denouncing the sentence as a slap on the wrist. Persky, who automatically won another term on the bench during elections as he was unopposed, justified his sentence, saying that he feared a stiffer jail term would have “a severe impact” on Turner. The ruling drew outrage and prompted an online petition that more than 480,000 people had signed by Tuesday afternoon. The petition argues that Persky’s sentence, which has drawn international attention, clearly showed bias. “Judge Persky failed to see that the fact that Brock Turner is a white male star athlete at a prestigious university does not entitle him to leniency,” said the petition, started by Maria Ruiz, a nurse in Miami. “He also failed to send the message that sexual assault is against the law regardless of social class, race, gender or other factors.” Stanford law professor Michele Dauber told the USA Today newspaper that “his ruling was dangerous and wrongheaded”. — AFP China’s oceanic ‘space station’ in South China Sea BY KEITH ZHAI & DAV I D TWE E D BEIJING/HONG KONG: China is speeding up efforts to design and build a manned deep-sea platform to help it hunt for minerals in the South China Sea, one that may also serve a military purpose in the disputed waters. Such an oceanic “space station” would be located as much as 3,000 metres (9,800 feet) below the surface, according to a recent Science Ministry presentation viewed by Bloomberg. The project was mentioned in China’s current five-year economic plan released in March and ranked number two on a list of the top 100 science and technology priorities. Authorities recently examined the implementation of the project and decided to accelerate the process, according to the presentation. There are few public details, including a specific time line, any blueprints or a cost estimate — or where in the waterway it might be located. “The deep sea contains treasures that remain undiscovered and undeveloped, and in order to obtain these treasures we have to control key technologies in getting into the deep sea, discovering the deep sea, and developing the deep sea,” Xi said last month at a national science conference. “To develop the ocean is an important strategy for the Chinese government, but the deep sea space station is not designed against any country or region,” said Xu Liping, a senior researcher for Southeast Asian affairs at the Chinese Academy of Social Sciences, a government-run institute. “China’s project will be mainly for civil use, but we can’t rule out it will carry some military functions,” Xu said. While most of the undiscovered oil lies in coastal regions that aren’t disputed, the contested areas face geological and technological challenges, not least the depth of the waters and frequency of typhoons. Spearheading the planning for the deep-sea station is the China Shipbuilding Industry Corp, according to a statement on the website of the science ministry. — Bloomberg IN BRIEF Singapore blocking Internet access on government computers SINGAPORE: Singapore confirmed yesterday it would cut off Internet access for government work stations within a year for security reasons, a surprise move in one of the world’s most wired countries. The decision will not disrupt government operations, the Infocomm Development Authority (IDA) said after local daily The Straits Times reported that some 100,000 computers would be affected. “We have started to separate Internet access from the work stations of a selected group of public service officers, and will do so for the rest of the public service officers progressively over a one-year period,” the IDA said in a written reply to AFP queries. Industry sources said the measure was aimed at preventing cyber attacks as well as the spread of malware. — AFP Obama, Modi welcome preparatory work for India reactor project WASHINGTON: US President Barack Obama and Indian Prime Minister Narendra Modi on Tuesday welcomed the start of preparatory work for six nuclear reactors in India, a key step in closing the first deal stemming from a US-India civil nuclear accord struck more than a decade ago. A joint US-India statement said India and the US Export-Import Bank were working to complete a financing package for the project, and that the Nuclear Power Corp of India and Toshiba Corp’s Westinghouse Electric had confirmed engineering and site design work would begin immediately. It said the companies would work toward finalising the contract by June 2017. — Reuters US man gets 12 years in prison for seeking to join IS LOS ANGELES: A California man was sentenced to 12 years in prison on Tuesday for seeking to travel to Syria to join the Islamic State (IS) group and wage holy war, authorities said. Nicholas Michael Teausant, a 22-year-old convert to Islam, had pleaded guilty in December to a charge of attempting to provide material support or resources to a terror group. He was arrested in March 2014, while en route to Syria. — AFP EgyptAir plane makes emergency landing MOSCOW/CAIRO: An EgyptAir passenger plane, en route from Cairo to Beijing, was forced to make an emergency landing in Uzbekistan yesterday after receiving what two Egyptian aviation sources said was a false bomb threat. All 118 passengers and 17 crew members on board the Airbus A-330-220 plane were safely evacuated, Uzbek state carrier Uzbekistan Airways said in a statement. — Reuters THU RSDAY J U N E 9 , 2016 • T HEED G E FINA NCIA L DA ILY F E AT U R E 2 1 No shortcut to accountability Malaysians must keep fighting the fight to effect change, says Amnesty International F aced with less-than-rosy economic prospects, constraints on democratic space and global investigations into a troubled state fund, Malaysians are experiencing pressures on many fronts. Amnesty International secretary-general Salil Shetty, who was in Kuala Lumpur recently, spoke to Yen Ne Foo and Meena Lakshana on the way forward for Malaysia and staying hopeful for change. Here are excerpts from the interview: The Edge Financial Daily: Malaysia has not signed a number of basic international conventions and there is a weak and disempowered regional framework. What’s the way forward? Salil Shetty: Malaysia is really quite unique. It has not signed the International Convention on Civil and Political Rights; it does not sign up to the [1951] Refugee Convention, but this country has millions of workers from other parts of the world. The economy will collapse if you don’t have foreign workers. You are dependent on them but they don’t have legal status. Therefore, their employers are able to really exploit them. Last year alone, we documented 11 deaths in custody. Again, it has not signed the UN Convention against Torture [and Other Cruel, Inhuman or Degrading Treatment or Punishment]. There is no independent police complaints mechanism, so people cannot complain about cruel, inhuman treatment and torture. We (Amnesty International) are doing everything we can. There are many other organisations, movements that are putting pressure internationally. But I don’t think there are shortcuts for Malaysians to holding their own government to account, difficult as this may be. How will change occur when there is such restraint on dissent and calls for better governance? We have to realise there are different dimensions of this because historically, the attacks were on the political opposition. Now, it affects students, ordinary people who raise their voices and it has moved from offline to online. There’s a new terrain for the battle, Facebook and social media, and it has a chilling effect. Even the media is becoming more and more silent. There were 91 cases of sedition in 2015 and 19 cases already this year. Now they want to impose travel bans. So, it is outrageous — using a 1948 Sedition Act which the government promised to repeal, [but] now it’s strengthened. If you are asking how change will happen, there is no shortcut. You have to keep fighting the fight and Amnesty is all about peaceful protests. Do we have to go through this period before democracy can mature? You see historically, Asean countries have always had this sort of “strong man” idea — the Asian way, the Asean way [of democracy] ... They keep giving Singapore as an example. But if you don’t take your people with you, what growth are you going to have? You’re only going to have conflict and tension. You may get some short-term victories but people are not happy; they don’t feel a sense of participation. That’s problematic. In the past, when the conversation was taking place 30 years ago, people did not have access to information. Now there’s no place to hide. You can’t hide 1MDB (1Malaysia Development Bhd). You have to increase your transparency, you have to increase accountability and you have to have dialogue. Have you raised these issues with Prime Minister Datuk Seri Najib Razak? Yes, I did. Those who don’t have a voice are poor and marginalised. So, when you say the economy is doing well, it’s like saying the operation is successful but the patient is dead. You can’t say the economy is doing well when the people are suffering. The economy is made up of people. For people to feel happiness and well-being, part of it is material, a lot of it is not, particularly in Asia. What was his reply? We are looking into it. What is Asean’s main problem? It is a tough neighbourhood. The fundamental problem with Asean is a conceptual problem where we have this notion that if we want economic growth and stability, you can’t have human rights and democracy. And that is fundamentally flawed. You have this idea that human rights is a Western concept. So if a woman is getting beaten up, you say, “No, no, don’t ask about them because that is a Western concept” ... If you don’t want to call it human rights, then call it something else. I don’t care what you call it. But [there must be] basic justice, fairness, dignity ... The days are gone where you think you can sit in a palace and rule the country. Non-discrimination is not a theoretical concept. And it is the governments that, at the end of the day, have to protect these principles. Now, you have the Sedition Act being used, and people start looking at it through a racial lens. But I always cite Myanmar as an example. If five years ago, someone had told me Myanmar would be where it is today [it would have been difficult to believe] ... We still have challenges with the Rohingya issue, but now they have released most of the prisoners of conscience (Amnesty declares those arrested purely for their views or religion as prisoners of conscience); they’re opening up. [Nobel Peace Prize winner] Aug San Suu Kyi was herself a prisoner of conscience and is now the de facto head of the country. Indonesia has many challenges but they are a bit more open on many issues. We shouldn’t lose hope. Shetty: Those who are poor and marginalised are the ones that don’t have a voice. Photo by Reuters Grassroots non-governmental organisations here feel that Amnesty’s presence in Malaysia is not strongly felt. Agreed. So please join and make us strong because Amnesty is a membership-based movement. It is not someone else that is going to come from outside and solve your problems. Malaysians should be part of it, even Malaysians acting on their own. If there is no international global movement, it becomes more difficult. By 2020, Malaysia is supposed to have a developed economy but there seems to be thwarted development in the social democracy sphere. Where do you see Malaysia heading? The UN Universal Declaration of Human Rights talks about civil political rights and economic social rights, and they are two sides of the same coin. They are indivisible and interdependent. Those who are poor and marginalised are the ones that don’t have a voice. 4.98 128.98 Why are you so hopeful? My faith is always in the people, not in governments. I think Malaysians are smart people; they know what they’re talking about and they will find a solution. But they have to get organised. It’s not like today you fight for one, and the next day another. You have to focus and deal with a core issue. Which is why Malaysians are feeling increasingly cynical about the power of social movements to effect change. What is your message to them? I don’t agree with you. Of course, there is some cynicism. But then, you have Bersih and there were a lot of people involved. You have to find practical ways in which people feel they are making a difference. It’s not just a matter of coming out one day and going back and doing Facebook posts. There has to be a sustained action plan on how you make change happen. I don’t think the young people are alienated from politics, they are alienated from political parties. That’s another problem that is not unique to Malaysia. Yes, political parties have sold out, irrespective of which side of the fence you are on. The easy answer to the question is, if you don’t like the way the opposition operates, join that party and change it from within. But people have become cynical and that is a big problem. T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 2 2 S P O RT S Ex-Chelsea doctor settles case against Mourinho For alleged victimisation and sexual discrimination BY ROB I N MI L L AR D CROYDON: Former Chelsea doctor Eva Carneiro settled her case against the club and their ex-manager Jose Mourinho for an undisclosed sum on Tuesday just as she seemed set to testify against them. After negotiations at the London South Employment Tribunal in suburban Croydon, both sides reached a private agreement. “The parties agreed to the settlement of this dispute on confidential terms,” lawyer Daniel Stilitz, representing Chelsea and Mourinho, told the tribunal at a delayed hearing that eventually lasted no more than two minutes. Carneiro, whom Chelsea said had rejected an offer of £1.2 million (RM7.10 million) to settle her claims, had been due to start giving evidence on Tuesday in her case against the London club and Mourinho, who was appointed Manchester United’s new manager last month. She was pursuing a constructive dismissal case against Chelsea and a connected, personal legal action Brazilian police raid Olympic site in corruption probe RIO DE JANEIRO: Brazilian police on Tuesday raided the offices of the construction consortium building of one of the four main hubs for the Rio Olympics on suspicions of fraud and corruption. The Deodoro site, which will host 11 of the sports in the first Olympics ever staged in South America, starting Aug 5, is in the north of Rio de Janeiro. Federal police said in a statement that agents entered the offices of the consortium, headed by the OAS and Queiroz Galvao construction companies, to probe “fraud in the transport and destination of solid waste, involving falsifying of public documents and overbilling”. The offices of two other unnamed contractors were also searched. According to the transparency ministry, corruption at Deodoro, where riding and rugby sevens are among the sports that will be hosted, has cost the public 85 million reais (RM100.28 million). The Deodoro Complex Consortium denied any wrongdoing. — AFP Former Chelsea Football Club doctor Carneiro leaving the Croydon Employment Tribunal in London on Monday. Photo by AFP against Mourinho — who left the Blues in December — for alleged victimisation and sexual discrimination. But when Mourinho and Chelsea’s top executives unexpectedly arrived at the tribunal before Carneiro was due to start giving evidence, it seemed a deal to avert an eight-day public slanging match was in the offing. Carneiro, 42, said she was “relieved” to have concluded the case, calling it an “extremely difficult and distressing time for me and my family”, in a statement after the brief hearing. Chelsea apologised to Carneiro and said it was “pleased” that an agreement had been reached. But there was no apology from the Portuguese manager. Carneiro alleges Mourinho shouted “filha da puta” at her —Portuguese for “daughter of a whore” — after she ran on the pitch during a match. In an extract from a statement by Mourinho read out before the tribunal on Monday, he claimed he was known for regularly using the term “filho da puta”, meaning son of a whore, in the heat of a match and had done so throughout the game in question. Mourinho dropped Carneiro as Chelsea’s first team doctor after the Blues’ opening match of last season in the English Premier League, a 2-2 draw at home to Swansea on Aug 8. Mourinho angrily berated her after she and physio Jon Fearn ran on the pitch to treat midfielder Eden Hazard, obliging him to leave the field of play before being readmitted. That meant the Blues were temporarily down to nine players — goalkeeper Thibaut Courtois having already been sent off — at a critical late stage of the game. — AFP Woods says ‘not ready’ for US Open LOS ANGELES: Tiger Woods (pic) confirmed on Tuesday he will miss the US Open at Oakmont next week, saying he’s still not ready to resume competition after back surgery last September. The 14-time major champion will miss the US Open for the third time in six years. He announced on his website that he would skip the second major of the year as well as the US PGA Tour’s Quicken Loans National the following week, which he hosts for the benefit of his charitable foundation. Woods won the most recent of his 14 major titles at the 2008 US Open at Torrey Pines, his third US Open victory. He finished tied for second behind Angel Cabrera in the last US Open held at Oakmont in Pittsburgh in 2007. Woods hasn’t played tournament golf since a microdiscectomy to relieve back pain last September. He had a second procedure in October. The 40-year-old former world No 1 had fuelled speculation about a return when he registered for the US Open in April, but said in May there was no timetable. Woods said he had to adapt to a new training reality, cutting back on his practise time and the miles of running he used to do. “The plan is to get well,” said Woods, who has plummeted out of the top 500 in the world. “Whether that’s next week or a year from now, I don’t know.” — AFP Louisville ready to ‘welcome the world’ to Ali services BY SÉBASTI E N BLANC LOUISVILLE: Muhammad Ali’s hometown is ready to “welcome the world” for this week’s ceremonies honouring the late boxing legend, Louisville’s mayor said on Tuesday, with a huge public procession set for “The Greatest”. The largest city in the southern state of Kentucky and home to 600,000 people, Louisville will play host today and tomorrow to the mass public celebration of the life of Muhammad Ali, its most famous native son. Muhammad Ali, whose remark- able boxing career and civil rights activism made him one of the most indelible figures of the 20th century, died last week at age 74 after a decades-long battle with Parkinson’s disease. His death has prompted an outpouring of tributes for The Champ, who won three heavyweight titles and Olympic Gold during his illustrious years in the ring. New York renamed a street outside Madison Square Garden “Muhammad Ali Way” after the boxing great who headlined a string of fights at the iconic sports arena. The ceremonies in Louisville will have three key moments: an Islamic prayer service open to all today, a long public funeral procession through the city tomorrow and a memorial service at a sports arena that same day. Muhammad Ali was born in Louisville as Cassius Clay in January 1942. The Islamic service today will take place in the 18,000-seat Freedom Hall that hosted Muhammad Ali’s last fight in Louisville, in which he beat Willi Besmanoff, in 1961. On Tuesday, organisers started distributing tickets for the event, with residents waking up at dawn to be sure to get a seat. — AFP IN BRIEF Everton agree to deal with manager Koeman LONDON: Everton have agreed to a deal with Dutchman Ronald Koeman to become the Premier League club’s manager, the BBC reported on Tuesday. The 53-year-old Koeman, who has been Southampton manager for the last two years, will take over at Goodison Park from Roberto Martinez, who was sacked just before the end of last season. Everton finished 11th last season but are set for significant investment after Iranian businessman Farhad Moshiri purchased a 49.9% stake in the club. Koeman has been widely praised for his work at Southampton where he enjoyed a 47% win rate in the Premier League. Before moving into management, he also enjoyed a glittering playing career, winning the European Cup with PSV Eindhoven and Barcelona in 1988 and 1992 respectively. — Reuters Ivorian defender set to be Mourinho’s first signing LONDON: Jose Mourinho’s first signing for Manchester United looks set to be highly-rated for young Ivory Coast international defender Eric Bailly and not veteran Swedish striker Zlatan Ibrahimovic, according to British media reports. The 22-year-old Villarreal defender — who scored one of the penalties in the penalty shootout which saw Ivory Coast win the 2015 Africa Cup of Nations — will cost United a reported £30 million (RM177.42 million). — AFP Dortmund sign Turkey teenager Mor BERLIN: Bundesliga runners-up Borussia Dortmund have signed 18-year-old Turkey player Emre Mor on a five-year contract to 2021 as they look to boost their squad for the next season. Dortmund, who also lost to champions Bayern Munich in the German Cup final, signed midfielder Sebastian Rode from champions Bayern Munich last week and are close to agreement with Marc Bartra from Barcelona. Mor, born and raised in Denmark, joins from Danish club FC Nordsjaelland. He has also been included in Turkey’s Euro 2016 squad. — Reuters Long jump champ freezes sperm over Zika fears LONDON: Olympic long jump champion Greg Rutherford has made the decision to freeze his sperm because of fears about the Zika virus at this year’s Games in Rio de Janeiro. The mosquito-born Zika can cause birth defects in babies. The virus, which is sexually transmissible, can also trigger adult-onset neurological problems, such as Guillain-Barre Syndrome, which can cause paralysis and death. Last month, 150 international medical experts signed an open letter calling for the Rio Olympics to be moved or delayed. — AFP THU RSDAY J U N E 9 , 2016 • T HEED G E FINA NCIA L DA ILY S P O RT S 2 3 Spain slump to shock Georgia defeat BY KI ERA N C A N N I NG MADRID: European champions Spain suffered a shock first defeat since March 2015, losing 1-0 at home to Georgia in their final warm-up friendly before Euro 2016 in Madrid on Tuesday. Georgia, ranked 137 in the world, hadn’t won a game since defeating minnows Gi- Portugal seek support for Ronaldo’s genius BY MA RTY N WOOD PARIS: Cristiano Ronaldo’s Portugal tower above their rivals and should ease into the knockout stages at Euro 2016, but the illustrious team cannot underestimate a blossoming Austria side. Ranked eighth in the world, Portugal cruised towards a sixth straight appearance at the finals — in Group F against Austria, Hungary and Iceland — by reeling off seven straight qualifying wins after an opening defeat to Albania. But 12 years after losing the final to Greece on home soil, Ronaldo’s hopes of landing an international title appear remote unless his supporting cast can deliver where they have failed in the past. Portugal lost on penalties to Spain in the semi-finals at Euro 2012 and then crashed out in the group stage of the World Cup in Brazil. Ronaldo, slowed by a knee injury, was then a shadow of the player who won that year’s Ballon d’Or. “If he is so important in Madrid, just imagine he’s the same if not more so with Portugal,” coach Fernando Santos told Spanish sports daily Marca. “When you have a player who scores 50 or 60 goals a season, and can always score, they are vitally important.” The Portuguese have never failed to advance beyond the group stage at a European Championship and Ronaldo will fancy his chances of becoming the first player to score at four editions. — AFP braltar in Euro qualifying in October. However, they defended resolutely and took full advantage of their one real attack when Tornike Okriashvili tapped home at the far post six minutes before half-time. Spain begin their quest for a third consecutive European Championship against the Czech Republic on June 13 in Toulouse. “We have to accept it and lift ourselves for what is to come,” said Spain boss Vicente del Bosque. “This result shouldn’t make us in any way face the Euros with a sense of fear.” Del Bosque had named a stronger side than in Spain’s comfortable wins over Bosnia and Herzegovina and South Korea in the past week with IN BRIEF the Real Madrid and Atletico Madrid contingent returning after their duties in the Champions League final. The hosts were camped in the Georgia half for almost the entire match, but paid for a lack of creativity in breaking down the visitors’ mass ranks of defence and were caught out on the counter-attack just before the break. — AFP France on high alert two days ahead of Euro 2016 Govt to launch app that warns visitors of any ‘major crisis’ Security at the stadiums 2.5 million people are expect to attend Euro 2016 matches. Another 7 million will watch from ‘fan-zones’ Inside the stadium 1"4/!0 " 2/&16-,010 &/01&!-,&+10 At a typical match there will be: 900-/&31" 0" 2/&16$"+10 ,)& ",ƛ& "/0 Standard security perimeter )" 1/,+& ,+1/,) ,#1& ("10Ȁ*,/",!6 0"/ %"0&#!""*"! +" "00/6 PARIS: Warnings mounted on Wednesday over potential terrorist attacks just two days before the start of Euro 2016, with France on high alert as it readies to host over two million football fans. The French government was set to launch a smartphone app, which would warn visitors of any “major crisis”, a day after Britain warned that fans could be targeted during the month-long tournament. The free application, available in English and French, would alert users to any suspected attack or other disaster according to their location, the interior ministry said. The British Foreign Office on Tuesday said there is a “high threat from terrorism” during the monthlong championship. “During Euro 2016, stadiums, fan zones, venues broadcasting the tournament and transport hubs and links represent potential targets for A 1 security perimeter (about 1 km) st ,!60"/ %"0Ǿ $+!1& ("1 %" (0ǽ+6$0 )/$"/1%+Ǘǚ5Ǘǚ * *201" %" ("!&+ Parking /00"/ %"! /-/(0&+0-" 1"! "*"/0,#")&1" -,)& "2+&10 ,*!&0-,0) 1"*0 Forbidden items &.2&!0 5-),0&3"0ȡ #&/"4,/(0 "-,+0ȡ1,,)0 +&*)0 Sources: UEFA, government, media terrorist attacks,” the British Foreign Office added. The US State Department gave a similar warning last week, saying that “unaffiliated entertainment venues broadcasting the tournament in France and across Europe” are also potential targets. The arrest of a Frenchman with an arsenal of weapons in Ukraine on Monday has heightened security fears. Ukraine said the 25-year-old, identified in France as Gregoire Moutaux, was planning to attack multiple locations including mosques and synagogues before and during the tournament. But France has made no official comment on the arrest and antiterrorist prosecutors have not been assigned to the case, suggesting authorities do not believe there is any imminent threat to Euro 2016. The country has mobilised 90,000 security personnel to guard Euro 2016, including 13,000 private guards. Paris police chief Michel Cadot has said an extra 3,000 officers are being added to the 10,000 allotted for the capital. — AFP Walker finds light at the end of England tunnel BY TOM WI L L I A MS CHANTILLY: Kyle Walker could not bring himself to watch England’s recent tournament appearances, but he is thrilled by the prospect of starting their Euro 2016 opener against Russia on Saturday. The 26-year-old Tottenham Hotspur player is sampling major international competition for the first time, having sat out Euro 2012 with a toe injury before missing the 2014 World Cup due to an abdominal problem. Named man of the match in last week’s 1-0 win over Portugal, the right-back is expected to start against Russia in Marseille. If he does, it will be the first England game at a big tournament that he has paid attention to for a while. “When I’m injured, I can’t watch it. It’s too difficult for me,” Walker said at England’s Stade des Bourgognes training base in Chantilly, north of Paris, on Tuesday. Asked how he had occupied himself during the World Cup in Brazil, he revealed that he had spent time with his eldest son, Roman, who was joined by another little boy, Riaan, earlier this year. “It was a good time to have with my little boy. I went away, chilled out,” he said. “Sometimes you look at the score, but to watch it for me is going to be too painful. It’s difficult because I want to be out there.” He added: “When you go into training, day in and day out, and you’re looking out the treatment window, looking at the lads training, it’s hard to take. But there’s always light at the end of the tunnel, I believe that. I’m here now and it’s a big light.” — AFP Wenger: Inexperience may cost Vardy starting spot BENGALURU: Leicester City striker Jamie Vardy’s lack of experience at major international tournaments means he will not be an automatic starter for England at Euro 2016, Arsenal manager Arsene Wenger has said. The 29-year-old forward, who has scored three goals in eight internationals, was the joint second-highest scorer in the Premier League during Leicester’s title-winning season and was the Football Writers’ Association player of the year. “I don’t think that he will be a starter. I don’t say this because he does not have the quality, but because he doesn’t have enough experience at that level to say the whole tournament will depend on Vardy,” Wenger told beIN Sports. — Reuters Jerome Boateng says too risky for family to attend tournament BERLIN: German defender Jerome Boateng said his wife and five-year-old twins will not go to France to watch him play in the European Championship finals because of terror fears. Boateng was in the German team playing at the Stade de France in Paris on Nov 13 when a series of jihadist attacks left 130 dead. Suicide bombers tried to get into the stadium. “Each person must decide for himself how to deal with it. I have already done so,” he told Sport Bild weekly, adding that his decision was that “my family and children will not be coming to the stadium. The risk is simply too big.” — AFP Assistant coach lets England’s tactics slip CHANTILLY: England assistant coach Ray Lewington unwittingly lifted the lid on team preparations for Euro 2016 by being photographed carrying a notepad showing tactical information. A photo published by British tabloid The Sun on Wednesday showed Lewington holding the notes as he returned to the team hotel following Tuesday’s open training session in Chantilly. The notes, which seem to have formed the basis for a training exercise, show Harry Kane and Jamie Vardy operating as strikers, with captain Wayne Rooney listed among the central midfielders. — AFP Germany suffer blow as Rüdiger tears ligament EVIAN: Germany centre-back Antonio Rüdiger is out of Euro 2016 after tearing a ligament in his right knee, the German Football Association (DFB) announced on Tuesday. The AS Roma defender was expected to start for the world champions in their opening Group C game against Ukraine on Sunday. “Antonio Rüdiger suffered a torn anterior cruciate ligament in his right knee during a training session for the national team in Evian and is out of Euro 2016 in France,” the DFB reported. — AFP 24 T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY live it! WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE Personal ASSISTANT COMPI L ED BY S HALINI YEAP WORK. LIFE. BALANCE WATCH a movie under the stars tonight at Frisky Rooftop Bar. This time around, the bar’s Thursday movie night will be showing Wild Tales, a movie made up of six standalone short stories, each exploring the extremities of human behaviour involving people in distress. Screening begins at 9.30pm with free admission and popcorn on the house. Frisky Rooftop Bar is located at Market Place, 4A Jalan Yap Kwan Seng, Kuala Lumpur. Visit www.facebook.com/FriskyBarKL, or call (03) 2166 0750 / (010) 205 2563 for more details. WATER WORKS Versailles unveils giant waterfall that ‘holds up the sky’ CATCH Malaysian rock and blues band, Cats in Love as they belt out some beats at No Black Tie tonight at 9. The quintet — Lohan (guitars, vocals), Wong (keys), Zedes (bass), and Reuben and Ash (drums) — will perform rock hits from the 1960s and 70s as well as some funk, pop, country and jazz tunes. Make your way to No Black Tie at 17 Jalan Mesui Off Jalan Nagasari, Kuala Lumpur. There is a cover charge of RM30. Visit www.noblacktie.com.my, or call (03) 2142 3737 for reservations and more details. BEAT rush-hour traffic and make plans to buka puasa in the heart of the city today. Quivo at Pavilion KL combines the flavours of Mediterranean and traditional Malaysian cuisine for a delightful Ramadan menu. Be spoilt for choice by a menu that includes oxtail consommé, a tasting plate of hummus, falafel, samosa, tabbouleh and sesame flat bread, cucur udang, flaming chicken wings, wagyu mini beef and beef rendang pizza. Break fast at Quivo today on Level 3 of Pavilion, Jalan Bukit Bintang, Kuala Lumpur. Call (03) 2141 7711 to make reservations or visit www.facebook.com/quivo.my for more information. I t is so big he claimed it “almost holds up the sky”. But Danish artist Olafur Eliasson (pic) refused on Monday to reveal just how tall the giant waterfall he has created at France’s Palace of Versailles actually is. “The height is perfect,” he told reporters as he unveiled the spectacular installation which cascades into the Grand Canal of the famous royal gardens outside Paris. “Just as I intended, it will obscure the sun when it sets on Midsummer’s Day,” said the artist, who has previously wowed New Yorkers with his 10-storey urban waterfalls and Londoners with a huge trippy sunset at the Tate Modern gallery. “Of course I could tell you how many metres it is, but I am not going to because we need to leave it to the public to make up their minds how high is high,” he said. Earlier, he admitted that he was “behaving like a small arrogant king” in not revealing its height, adding cryptically that the “size (of the waterfall) is decided by the confidence in the more cosmic Baroque”. Eliasson said he wanted to get away from a “world where everything is reduced to statistics... to resist the idea that we have always to quantify the unquantifiable.” Instead, he insisted the eight works he has created for the palace built by “Sun King” Louis XIV, the most absolute of France’s absolute monarchs, were created to give “everyone the chance to become a king and queen. Lost in the mist “It is about decentralising the hierarchy of the perspective... (to let everyone) winkle out the secrets” of the visual tricks Louis XIV and his architects used to impress and overawe visitors to Versailles. His other works include what he hopes will be an enchanted misty ring in one of the gardens’ many groves called the “Fog Assembly” in which visitors are encouraged to “lose themselves”. Unfortunately, its full effect was somewhat obscured by a real fog on the morning of its opening. The waterfall too was sometimes lost in the mist. An enormous fountain had featured in the original plans for the baroque 17th-century palace drawn up by Louis XIV’s architect Andre Le Notre, but was never realised despite attempts to pump water over a hill from the river Seine. “We are going to make the impossible possible,” Eliasson had earlier declared, “to make dreams come true”. But Mother Nature in the shape of the floods that swelled the Seine last week almost undid his plans, the 49-year-old artist admitted. “Several people... kept working in the downpours while their homes were threat- ened by the water,” he said, paying tribute to the workers who helped install the artworks. Climate change is a major theme for the artist, who grew up in Iceland. Another of the works he has created in the Colonnade Grove at Versailles is from dust left by a melting Greenland glacier that also featured in an installation he made for the COP21 climate change conference in Paris late last year. “For some people it might look like worthless mud,” he said, but the fertility of “this dust is what made civilisation”. Eliasson’s installations — which will be on show until Oct 30 — follow British-Indian artist Anish Kapoor’s controversial “Queen’s vagina” sculpture at the palace last year. It was repeatedly defaced, once with anti-Semitic graffiti, which drew condemnation from French President Francois Hollande. — AFP/Relaxnews THU RSDAY J U N E 9 , 2016 • T HEED G E FINA NCIA L DA ILY Markets 2 5 BURSA MAL AYSIA MAIN MARKET Bursa Malaysia YEAR HIGH Sectorial Movement INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG KLSE COMPOSITE 1,657.85 -2.77 -0.17 TECHNOLOGY 21.59 -0.15 -0.69 KLSE INDUSTRIAL 3,116.23 -10.04 -0.32 FTSE BURSA 100 11,292.35 -18.15 -0.16 13,133.78 -18.40 -0.14 CONSUMER PRODUCT 591.17 0.71 0.12 FTSE BURSA MID 70 INDUSTRIAL PRODUCT 141.94 0.48 0.34 FTSE BURSA SMALL CAP 15,443.93 20.85 0.14 CONSTRUCTION 285.47 -1.80 -0.63 FTSE BURSA FLEDGLING 15,797.56 -31.28 -0.20 224.71 -0.25 -0.11 FTSE BURSA EMAS 11,598.49 -16.48 -0.14 14,330.23 -46.95 -0.33 FTSE BUR M’SIA ACE 5,447.91 -40.52 -0.74 TRADE & SERVICES KLSE FINANCIAL KLSE PROPERTY 1,157.41 -0.69 -0.06 FTSE BUR EMAS SHARIAH 12,157.72 1.07 0.01 KLSE PLANTATION 7,604.82 -36.76 -0.48 FTSE BUR HIJRAH SHARIAH 13,581.93 4.91 0.04 482.29 -16.21 -3.25 FTSE/ASEAN 40 9,114.28 1.68 0.02 KLSE MINING Bursa Malaysia Main Market YEAR HIGH YEAR LOW DAY HIGH CONSUMER PRODUCTS 0.850 0.550 0.805 4.270 3.350 4.020 13.500 5.327 12.320 0.480 0.220 — 6.320 4.052 5.810 2.000 1.110 — 5.299 2.977 4.250 64.156 40.235 51.880 0.080 0.040 — 0.979 0.550 0.560 1.870 0.880 1.590 0.660 0.427 0.500 0.400 0.230 0.320 13.500 10.731 13.500 1.278 0.702 1.210 2.847 2.150 2.180 1.970 0.454 1.210 3.290 1.670 2.620 0.085 0.025 0.030 2.417 1.336 2.030 1.380 1.010 1.370 0.175 0.065 0.095 0.075 0.040 0.045 0.990 0.785 0.990 57.000 40.020 57.000 0.165 0.065 0.100 0.265 0.075 0.095 0.280 0.165 0.205 0.460 0.190 0.280 2.620 1.693 — 0.325 0.210 0.215 0.940 0.640 — 24.620 16.547 24.620 0.940 0.475 0.705 1.353 0.990 0.990 1.207 0.356 0.925 0.966 0.553 0.780 1.640 0.720 1.000 2.760 2.070 — 1.200 0.930 — 0.175 0.040 — 15.180 11.735 15.060 8.290 4.141 8.200 1.196 0.860 0.950 0.533 0.380 0.410 5.280 2.850 4.400 1.416 0.963 1.330 0.555 0.340 0.520 2.699 1.816 1.950 1.420 0.623 1.050 1.170 0.515 0.625 3.160 2.200 2.260 3.965 2.221 3.320 0.215 0.025 0.095 0.935 0.560 0.790 2.540 1.742 — 1.180 0.920 1.050 0.115 0.035 0.045 8.100 5.160 5.260 9.700 2.950 9.030 0.405 0.130 0.330 0.405 0.215 0.285 3.410 2.010 3.410 0.895 0.700 0.770 2.343 1.422 1.470 4.585 2.119 4.370 0.125 0.020 — 1.397 1.141 1.290 1.090 0.810 — 1.319 1.080 1.180 5.053 4.382 5.020 0.140 0.025 — 1.650 1.100 1.350 76.600 68.397 76.600 2.900 2.186 2.850 0.200 0.080 0.110 0.370 0.220 0.295 1.079 0.614 0.905 0.760 0.460 0.555 2.550 1.841 2.550 7.261 6.368 6.910 2.448 1.193 2.390 30.200 19.941 30.000 0.768 0.587 — 0.370 0.200 — 0.885 0.275 0.475 1.140 0.725 — 0.229 0.123 0.170 0.580 0.402 0.495 2.071 1.391 1.600 16.784 14.079 16.480 0.614 0.458 — 2.077 1.348 1.570 1.610 0.945 1.580 2.931 1.789 2.380 4.650 3.662 4.420 1.650 1.340 1.520 1.438 1.180 — 0.546 0.270 0.285 1.030 0.495 1.030 1.430 0.548 0.590 0.120 0.055 0.065 2.450 0.890 1.820 1.411 0.704 1.030 0.060 0.035 0.045 2.750 1.671 2.530 1.520 0.730 1.130 0.745 0.365 0.575 0.450 0.280 — 3.039 1.930 1.960 1.430 0.352 1.240 1.834 1.040 1.270 1.610 1.184 — 0.570 0.435 — 0.510 0.170 0.455 10.432 4.880 5.600 2.430 1.530 2.190 1.010 0.430 1.000 0.098 0.035 0.040 0.670 0.390 — 0.607 0.225 0.230 2.410 1.430 2.350 0.655 0.190 0.640 1.150 0.799 1.130 3.490 1.958 2.330 2.055 1.335 1.410 INDUSTRIAL PRODUCTS 1.460 0.888 1.430 0.160 0.095 — 0.640 0.470 0.495 0.335 0.260 — 1.050 0.750 — 2.381 1.795 1.970 * Volume Weighted Average Price DAY LOW 0.780 3.840 12.280 — 5.790 — 4.230 50.100 — 0.555 1.590 0.490 0.310 13.280 1.200 2.150 1.130 2.550 0.030 2.020 1.360 0.090 0.045 0.990 56.800 0.095 0.085 0.205 0.260 — 0.210 — 24.480 0.675 0.990 0.910 0.770 0.980 — — — 15.000 8.030 0.935 0.395 4.110 1.310 0.510 1.950 1.020 0.600 2.230 3.220 0.080 0.770 — 1.040 0.035 5.250 9.030 0.315 0.280 3.260 0.765 1.460 4.330 — 1.270 — 1.180 5.020 — 1.330 76.400 2.820 0.100 0.280 0.890 0.525 2.500 6.870 2.330 29.580 — — 0.460 — 0.160 0.490 1.580 16.320 — 1.500 1.560 2.310 4.400 1.460 — 0.275 1.000 0.580 0.065 1.780 1.010 0.040 2.500 1.130 0.570 — 1.940 1.210 1.230 — — 0.450 5.300 2.150 0.950 0.035 — 0.225 2.320 0.620 1.110 2.330 1.400 1.390 — 0.490 — — 1.960 CODE 7120 7090 2658 7051 6432 7722 7129 4162 7243 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 5102 5606 5606PA 5187 3255 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 7071 7107 4006 7052 3719 5022 9407 6068 5231 4081 5080 7088 4065 7190 8966 7134 7237 7084 9946 5252 5157 7180 7165 7165PA 7412 7246 8532 7103 7186 7082 7211 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 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 GCB GOLDIS GOLDIS-PA HBGLOB HEIM 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 OCR OFI ORIENT PADINI PANAMY PAOS PARAGON PCCS PELIKAN PMCORP POHKONG POHUAT PPB PPG PRLEXUS PWF PWROOT QL REX SASBADI SAUDEE SERNKOU SGB SGB-PA SHH SIGN SINOTOP SPRITZER SWSCAP SYF TAFI 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) 0.785 4.020 12.300 0.250 5.790 1.110 4.250 50.200 0.045 0.555 1.590 0.490 0.310 13.380 1.210 2.160 1.190 2.570 0.030 2.030 1.370 0.095 0.045 0.990 56.900 0.095 0.090 0.205 0.260 2.050 0.210 0.850 24.500 0.680 0.990 0.920 0.780 0.995 2.500 1.040 0.055 15.020 8.170 0.950 0.400 4.110 1.320 0.515 1.950 1.040 0.600 2.230 3.310 0.095 0.770 2.100 1.050 0.045 5.250 9.030 0.320 0.285 3.390 0.765 1.460 4.370 0.020 1.290 0.900 1.180 5.020 0.035 1.350 76.600 2.820 0.105 0.280 0.905 0.535 2.550 6.870 2.390 29.880 0.700 0.320 0.460 0.785 0.170 0.495 1.600 16.340 0.515 1.560 1.570 2.380 4.410 1.520 1.210 0.285 1.000 0.580 0.065 1.820 1.030 0.045 2.500 1.130 0.575 0.320 1.950 1.220 1.270 1.270 0.450 0.455 5.600 2.180 1.000 0.040 0.470 0.230 2.350 0.635 1.130 2.330 1.400 1.410 0.105 0.490 0.280 0.750 1.970 +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) 0.005 984.8 0.160 9.6 -0.060 73.9 — — -0.010 66 — — UNCH 9.5 -1.600 439.5 — — UNCH 317.1 UNCH 2 -0.005 100.2 -0.010 266.8 -0.060 57.5 UNCH 33 -0.010 69 0.060 262.4 -0.050 78.9 UNCH 267 0.010 119.1 -0.010 5.3 UNCH 1128.2 UNCH 901.1 UNCH 0.1 0.300 18.9 -0.005 956.4 -0.005 9675 -0.005 30 -0.005 1267.8 — — -0.005 399 — — UNCH 428.9 -0.030 317.4 UNCH 1 0.010 223.6 0.010 83.5 -0.015 94.8 — — — — — — UNCH 43.4 0.150 47.3 -0.005 468.6 -0.010 959.1 0.050 29.1 -0.010 177.4 -0.010 191.3 UNCH 4 0.020 303.6 -0.010 59.9 -0.010 1660.9 0.090 33.1 UNCH 28.1 -0.015 17 — — UNCH 30.7 UNCH 26.2 -0.030 31.1 0.030 1 -0.010 623.3 UNCH 30 0.150 2830.6 -0.005 191.9 -0.030 58.9 -0.030 69.6 — — UNCH 238.1 — — -0.010 10 0.020 3 — — -0.020 64.4 0.500 2.2 -0.040 14 UNCH 1036.6 -0.010 1587.1 0.010 96.6 -0.005 19939.9 0.020 144.9 -0.020 33.5 0.040 1010 0.280 37.1 — — — — -0.015 35.6 — — 0.005 274 0.005 6 UNCH 326 0.060 379.3 — — 0.070 151.8 -0.030 173.4 0.040 176.8 -0.010 174.6 UNCH 9 — — UNCH 585.7 UNCH 765.9 -0.010 1285.6 UNCH 341 0.040 106.2 0.020 680.8 UNCH 157 -0.040 479.9 0.010 0.8 -0.005 346.4 — — 0.010 63.3 -0.010 1236.5 0.030 169.8 — — — — UNCH 361.9 0.240 1638.1 -0.020 17.9 0.040 305.9 UNCH 131 — — UNCH 392.7 0.010 318.1 UNCH 847.6 UNCH 222.5 0.010 4 UNCH 54 0.795 4.010 12.296 — 5.798 — 4.248 50.817 — 0.556 1.590 0.493 0.314 13.377 1.203 2.164 1.177 2.568 0.030 2.022 1.362 0.095 0.045 0.990 56.896 0.096 0.090 0.205 0.269 — 0.212 — 24.530 0.682 0.990 0.919 0.772 0.994 — — — 15.030 8.135 0.942 0.400 4.270 1.324 0.513 1.950 1.037 0.617 2.245 3.297 0.083 0.778 — 1.043 0.038 5.258 9.030 0.322 0.283 3.365 0.769 1.461 4.354 — 1.282 — 1.180 5.020 — 1.344 76.518 2.836 0.104 0.284 0.899 0.539 2.522 6.885 2.365 29.798 — — 0.471 — 0.165 0.494 1.592 16.355 — 1.528 1.575 2.338 4.409 1.480 — 0.280 1.020 0.582 0.065 1.801 1.021 0.044 2.512 1.130 0.575 — 1.951 1.227 1.258 — — 0.452 5.506 2.182 0.984 0.039 — 0.225 2.333 0.637 1.122 2.330 1.400 14.09 13.22 18.33 — 13.40 — 10.59 17.02 — 17.79 15.06 5.44 9.14 17.66 13.91 13.16 6.57 14.04 — 14.26 14.38 1.95 — 18.89 23.07 — — — 3.71 44.37 23.86 151.79 23.49 — 34.02 11.96 10.44 12.38 14.24 — — 18.24 11.39 9.61 19.32 10.38 19.16 30.12 9.33 8.18 4.32 32.70 21.58 — 14.45 10.40 24.19 — 6.61 206.16 — 10.40 8.99 8.22 9.85 8.90 — 21.43 150.00 16.32 13.39 — — 28.81 11.01 — 30.43 16.54 — 24.03 14.98 13.30 12.35 25.93 8.23 — — 14.66 35.11 7.57 18.19 18.59 8.67 17.70 16.41 28.65 22.55 22.37 — 28.57 — — 6.74 14.59 45.00 12.66 73.38 10.53 — 112.72 9.48 13.82 19.39 — 16.61 — 8.72 11.90 44.44 45.19 1.72 11.95 — 9.50 12.77 13.54 3.18 2.74 1.63 — 4.32 0.45 3.76 5.76 — 3.39 — 2.04 — 5.38 2.48 4.40 1.68 — — 3.64 7.30 — — 2.53 1.76 — — — — 3.17 — — 2.55 — 1.52 1.09 8.97 — 0.80 3.85 — 4.73 3.92 4.21 2.50 — 3.03 — 5.13 3.85 — 0.75 0.76 — — 3.33 — — 2.29 — — — 3.93 — 3.42 1.83 — 3.10 — 4.24 5.18 — 0.99 3.13 3.90 — 1.79 0.88 — 1.67 2.62 4.18 4.65 3.57 — — — — 2.02 2.50 1.53 2.43 1.52 3.82 4.62 0.96 — 1.65 — — — — 5.49 4.85 — 2.00 — — — 2.56 2.46 2.76 5.91 2.22 — 3.57 4.13 3.00 — — 7.96 1.49 — 3.54 2.79 4.29 139.6 470.9 747.8 12.5 463.2 87.8 815.9 14,333.6 22.4 447.5 273.1 39.2 61.0 4,122.1 190.8 602.6 50.1 416.3 20.0 464.5 165.1 118.1 37.9 132.7 3,641.6 55.8 28.1 34.4 24.9 145.1 51.0 37.8 8,986.1 41.5 247.5 78.4 192.9 477.8 1,526.6 473.6 25.7 4,537.5 2,679.0 285.0 325.3 356.1 1,056.0 38.5 171.7 142.7 49.2 2,235.3 786.6 6.5 77.0 84.1 139.1 12.0 510.3 547.0 21.1 47.8 610.2 142.7 190.0 711.1 8.0 709.8 49.0 71.7 3,529.0 21.2 312.6 17,962.7 211.9 31.8 66.7 1,016.5 114.6 612.0 4,262.1 1,572.4 1,815.1 84.5 22.4 27.6 434.3 131.5 203.1 362.9 19,371.1 51.5 280.2 122.6 723.8 5,503.8 93.7 338.1 34.2 120.0 70.5 32.3 91.0 247.5 88.9 396.1 164.8 351.9 25.6 1,310.4 397.1 381.0 51.7 62.4 106.4 6,542.4 173.5 160.0 107.8 34.2 111.6 440.3 79.4 180.8 313.7 644.0 1.411 — 0.495 — — 1.962 23.86 — — 19.31 35.21 13.49 0.99 — — — — 6.09 555.0 27.7 72.1 61.2 114.6 40.4 0.010 — -0.005 — — 0.010 1860.9 — 236.5 — — 4.6 # PE is calculated based on latest 12 months reported Earnings Per Share YEAR LOW DAY HIGH DAY LOW 0.170 0.100 0.160 0.145 0.460 0.325 — — 0.400 0.260 0.360 0.355 4.717 2.167 3.900 3.770 0.505 0.110 — — 0.940 0.610 — — 0.460 0.330 0.350 0.345 1.260 0.620 1.200 1.160 0.360 0.120 0.225 0.215 1.520 1.000 1.080 1.070 4.542 3.565 — — 0.835 0.382 0.805 0.770 0.800 0.543 — — 0.700 0.500 — — 1.660 0.510 0.950 0.920 2.480 1.500 1.600 1.500 0.795 0.285 0.510 0.500 0.140 0.090 — — 1.454 0.975 1.080 1.050 3.100 2.210 2.460 2.460 1.960 0.767 1.570 1.540 0.520 0.285 0.310 0.310 0.295 0.175 — — 0.455 0.155 0.225 0.215 5.170 2.000 3.420 3.350 0.247 0.045 0.050 0.045 2.350 1.576 2.100 2.080 1.071 0.823 0.920 0.890 1.690 1.150 1.560 1.530 2.560 1.380 1.580 1.580 1.500 1.150 — — 2.284 1.234 1.640 1.620 1.680 1.340 1.410 1.410 1.220 0.640 — — 0.090 0.040 0.050 0.050 5.932 3.170 3.620 3.570 0.380 0.130 0.150 0.150 2.865 1.423 1.620 1.570 0.910 0.200 0.815 0.760 1.000 0.670 0.730 0.725 1.450 0.880 1.430 1.400 0.974 0.609 0.865 0.855 0.440 0.275 0.420 0.370 2.374 1.605 2.120 2.060 0.475 0.245 0.385 0.375 0.308 0.170 0.255 0.250 0.635 0.250 0.345 0.335 0.510 0.331 — — 0.920 0.600 0.630 0.610 1.536 1.090 — — 1.616 0.775 1.060 0.975 0.657 0.243 0.605 0.585 1.260 0.406 0.935 0.900 1.600 1.000 1.090 1.080 0.845 0.190 0.845 0.780 0.793 0.540 0.570 0.570 1.683 0.995 1.120 1.090 1.560 0.600 0.935 0.925 1.176 0.918 1.030 1.030 3.210 2.274 2.670 2.580 0.835 0.347 0.510 0.495 2.469 1.977 2.230 2.230 3.090 1.183 2.020 1.980 1.570 1.370 — — 2.970 0.670 1.740 1.680 0.075 0.040 0.050 0.045 0.390 0.200 — — 0.130 0.075 0.095 0.090 0.565 0.285 0.340 0.335 0.312 0.173 0.255 0.255 0.135 0.070 0.105 0.100 1.080 0.805 0.870 0.870 0.750 0.320 0.470 0.470 6.095 3.792 4.150 4.090 3.500 2.640 — — 1.790 1.110 1.290 1.260 0.985 0.706 — — 0.525 0.200 0.320 0.300 0.905 0.130 0.200 0.190 1.768 0.918 — — 0.990 0.530 0.800 0.800 0.430 0.310 — — 0.095 0.025 0.030 0.025 3.991 2.852 — — 0.130 0.050 0.060 0.050 0.960 0.760 0.825 0.800 2.190 1.371 2.100 2.080 0.400 0.220 0.270 0.265 0.120 0.045 0.090 0.085 0.175 0.135 0.150 0.150 0.280 0.075 — — 1.320 0.920 1.090 1.090 2.830 1.210 1.900 1.860 1.810 1.051 1.230 1.200 0.230 0.145 0.175 0.170 1.290 0.353 1.160 1.070 0.985 0.430 0.540 0.510 3.440 2.930 3.120 3.100 2.561 1.556 1.800 1.780 0.200 0.070 0.080 0.080 1.873 1.249 1.450 1.420 0.665 0.390 0.475 0.460 2.703 0.937 1.250 1.160 0.775 0.335 0.440 0.410 9.402 5.839 6.530 6.400 0.600 0.400 — — 5.740 4.286 4.990 4.950 0.520 0.330 — — 0.600 0.360 — — 9.636 7.800 8.190 8.040 0.605 0.384 0.560 0.545 0.784 0.420 0.585 0.575 0.605 0.420 0.455 0.445 0.205 0.110 0.120 0.120 0.075 0.030 0.035 0.030 0.115 0.045 0.050 0.045 0.475 0.220 0.350 0.325 0.360 0.110 0.340 0.330 0.095 0.060 0.085 0.075 4.084 3.056 3.680 3.660 0.740 0.330 0.590 0.565 0.776 0.495 — — 0.590 0.350 0.455 0.455 0.945 0.652 0.920 0.865 0.430 0.175 0.375 0.350 0.755 0.490 — — 1.650 1.090 1.240 1.240 2.100 1.640 — — 1.340 0.605 0.905 0.875 0.110 0.060 0.095 0.090 1.894 0.848 1.570 1.510 0.665 0.325 0.635 0.590 2.930 2.090 2.680 2.660 2.600 1.040 2.060 2.040 1.170 0.810 0.850 0.820 0.600 0.210 0.530 0.515 0.200 0.065 — — 0.645 0.100 0.405 0.375 0.705 0.454 0.550 0.540 1.200 0.647 1.200 1.160 1.300 0.890 0.960 0.950 0.095 0.050 0.095 0.085 7.511 5.096 6.740 6.650 1.740 1.560 1.660 1.650 0.735 0.381 0.625 0.625 6.180 3.923 5.990 5.940 0.330 0.090 0.105 0.105 23.160 19.769 22.000 21.800 6.982 2.655 4.320 4.260 13.700 5.305 — — 1.338 0.759 1.260 1.210 3.169 1.362 3.130 2.990 0.650 0.430 0.500 0.480 0.480 0.340 — — 1.170 0.650 0.900 0.885 0.380 0.300 0.355 0.320 0.625 0.400 0.570 0.560 1.180 0.450 1.130 1.120 0.190 0.100 0.105 0.100 1.700 1.360 — — 0.950 0.690 — — 6.330 5.550 5.980 5.960 0.520 0.224 0.475 0.445 0.960 0.633 0.790 0.785 CODE 7146 5198 2682 7609 9954 2674 4758 6556 9342 5568 5015 7214 7162 7099 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 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 6149 5001 7219 5576 7595 5916 3883 7004 5087 7002 5025 4944 7140 5065 7225 5183 5271 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 ANZO APB APM ARANK ASTINO ATTA 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 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 METROD MIECO MINETEC MINHO MLGLOBAL MSC MUDA MULTICO MYCRON NAKA NWP NYLEX OKA ORNA PA PCHEM PECCA PENSONI PERSTIM PERWAJA PETGAS PETRONM PIE PMBTECH PMETAL PNEPCB POLY PPHB PREMIER PRESTAR PRG PWORTH QUALITY RALCO RAPID RESINTC RUBEREX CLOSING (RM) 0.150 0.440 0.360 3.770 0.155 0.815 0.350 1.170 0.220 1.070 3.710 0.775 0.635 0.520 0.950 1.600 0.510 0.110 1.050 2.460 1.540 0.310 0.265 0.225 3.350 0.050 2.090 0.920 1.530 1.580 1.150 1.630 1.410 0.720 0.050 3.600 0.150 1.580 0.810 0.725 1.410 0.865 0.420 2.120 0.380 0.255 0.345 0.510 0.625 1.140 0.985 0.590 0.905 1.080 0.830 0.570 1.100 0.935 1.030 2.670 0.500 2.230 2.000 1.420 1.710 0.045 0.215 0.095 0.340 0.255 0.100 0.870 0.470 4.150 2.800 1.280 0.855 0.300 0.200 1.050 0.800 0.310 0.025 3.090 0.055 0.825 2.100 0.265 0.085 0.150 0.080 1.090 1.870 1.200 0.170 1.090 0.535 3.120 1.780 0.080 1.440 0.465 1.200 0.415 6.530 0.490 4.990 0.375 0.360 8.130 0.560 0.580 0.455 0.120 0.030 0.045 0.330 0.335 0.080 3.660 0.580 0.635 0.455 0.880 0.350 0.575 1.240 1.850 0.875 0.090 1.510 0.635 2.680 2.050 0.830 0.520 0.065 0.375 0.545 1.160 0.950 0.095 6.700 1.650 0.625 5.990 0.105 21.960 4.300 13.400 1.250 3.130 0.500 0.345 0.885 0.335 0.560 1.120 0.105 1.480 0.800 5.980 0.445 0.790 +/– (RM) VOL (‘000) -0.010 5444.5 — — -0.010 128.6 0.030 253.9 — — — — 0.010 47.4 UNCH 1846.6 -0.005 1008.9 -0.010 2.6 — — -0.030 736.3 — — — — 0.020 395.6 0.030 3 0.015 66.3 — — -0.030 140 UNCH 1.5 UNCH 55.6 0.005 50 — — UNCH 40 -0.070 510.7 UNCH 9803 -0.010 397.2 UNCH 0.4 -0.020 91.1 -0.020 2 — — -0.010 313.8 0.010 1 — — UNCH 1590 0.030 2722.1 0.005 2.5 0.010 552.3 0.035 4616.9 -0.005 333.4 -0.010 377.8 UNCH 60.1 0.005 55 0.020 2 UNCH 149.5 0.005 1697.1 UNCH 198.5 — — 0.020 103.4 — — -0.045 15843 -0.010 2056.4 UNCH 7812.7 -0.010 33.8 0.030 4303 UNCH 34 -0.010 2421.7 UNCH 103.1 UNCH 5 UNCH 238.6 -0.010 17.6 0.010 15 -0.020 705.2 — — -0.020 223.9 UNCH 1089 — — UNCH 171.4 0.005 35 -0.005 253.6 -0.005 1340 UNCH 50 UNCH 10 0.010 1041.6 — — -0.010 1064.9 — — -0.015 5054.3 0.010 6961.9 — — -0.025 2 — — UNCH 575.8 — — -0.005 9688.4 UNCH 20.5 -0.030 131.6 -0.005 50.8 -0.005 1192 UNCH 38 — — -0.010 100 0.010 195.4 -0.010 597.6 UNCH 205.5 -0.010 1802.4 0.025 153.2 -0.010 152.2 UNCH 4.5 0.005 1157.5 0.030 81.5 0.005 26074.2 0.040 65.9 -0.010 1936.5 -0.010 1245.2 — — 0.010 18.1 — — — — -0.020 174.5 0.005 258.1 -0.005 283.6 UNCH 136.2 UNCH 151.5 -0.005 149.5 -0.005 432 -0.005 1979.9 -0.010 186 0.005 13501.7 -0.030 8 -0.005 1065.4 — — UNCH 10 -0.020 1247.3 -0.015 1257.7 — — 0.030 1.4 — — -0.015 1629.3 -0.005 2420 -0.020 963.8 0.045 412.6 -0.010 43 -0.030 24 0.010 25.8 -0.005 1143.9 — — -0.015 8838.3 0.010 180.6 -0.030 669.8 0.010 19.9 0.005 1917 0.030 13214 0.010 327.2 UNCH 1.4 0.050 3.3 UNCH 370.4 0.180 387.3 0.040 90.2 — — UNCH 116.2 0.140 2510.7 -0.005 2179.6 — — -0.020 79 0.015 2.2 -0.010 118.4 UNCH 135.6 0.005 1322 — — — — UNCH 309.5 -0.020 197.5 UNCH 38.9 VWAP* (RM) PE# (X) DY (%) 0.149 — — 27.16 0.359 — 3.809 12.97 — — — 23.42 0.346 28.69 1.183 — 0.220 — 1.077 9.74 — 13.95 0.780 7.35 — 9.31 — 1.72 0.934 — 1.533 — 0.504 10.14 — — 1.071 17.62 2.460 18.21 1.557 11.95 0.310 — — — 0.223 — 3.361 8.26 0.050 1.33 2.090 13.05 0.898 13.45 1.543 12.35 1.580 4.73 — — 1.625 8.12 1.410 31.54 — — 0.050 — 3.599 20.16 0.150 — 1.594 9.51 0.792 8.16 0.725 13.94 1.406 9.37 0.857 14.59 0.374 — 2.090 24.91 0.380 9.07 0.253 — 0.340 215.63 — — 0.622 2.42 — 8.27 1.000 — 0.593 6.92 0.919 4.66 1.085 — 0.819 22.68 0.570 — 1.104 9.32 0.927 17.16 1.030 18.20 2.610 6.98 0.500 10.27 2.230 10.50 1.988 6.51 — 946.67 1.709 10.98 0.045 — — — 0.095 — 0.339 — 0.255 13.42 0.102 — 0.870 29.59 0.470 — 4.122 26.40 — 15.32 1.274 6.89 — 10.49 0.307 — 0.197 — — 6.86 0.800 12.86 — 25.83 0.029 — — 23.71 0.055 — 0.801 — 2.099 16.83 0.268 — 0.086 11.33 0.150 29.41 — — 1.090 59.24 1.875 9.80 1.206 20.91 0.171 14.29 1.119 10.76 0.524 12.33 3.107 12.06 1.784 11.01 0.080 — 1.436 — 0.467 36.33 1.203 6.44 0.425 — 6.496 20.04 — — 4.979 23.54 — 19.04 — — 8.113 34.89 0.552 11.11 0.582 9.08 0.451 7.63 0.120 — 0.035 — 0.050 — 0.339 — 0.334 — 0.080 — 3.670 11.47 0.576 — — 11.42 0.455 — 0.906 11.99 0.357 145.83 — 17.16 1.240 8.94 — 8.30 0.883 9.85 0.092 — 1.545 9.94 0.609 5.59 2.673 11.67 2.053 19.49 0.827 — 0.519 5.82 — — 0.390 — 0.546 15.18 1.180 10.76 0.954 10.01 0.090 — 6.706 19.82 1.657 — 0.625 4.15 5.958 11.68 0.105 — 21.941 21.89 4.297 6.43 — 25.09 1.243 11.57 3.074 22.12 0.500 — — 12.64 0.890 6.84 0.328 81.71 0.562 9.18 1.124 20.29 0.100 19.44 — 15.37 — 13.63 5.977 — 0.458 9.19 0.789 11.50 — — — 1.59 — 6.13 — 2.56 — 6.07 5.26 2.90 3.07 — — — — — 1.67 — 3.25 — — — 1.19 — 2.87 4.08 3.92 — — 4.81 4.26 2.43 — 1.25 — 2.53 — — 5.67 6.94 — 2.77 — — — — — 3.18 6.09 5.25 — — — 1.75 0.91 0.53 2.43 5.62 2.10 5.61 7.50 10.56 — — — — — 2.94 — 5.75 — 1.93 — 2.15 5.26 1.00 — 3.33 1.88 — — 0.97 — — 1.67 — — 2.00 — 2.75 2.14 0.83 2.35 0.92 — 0.64 3.37 — 2.78 — 2.50 — 1.84 — 2.00 2.13 — 3.20 3.57 6.90 3.30 — — — — — — 4.10 1.12 1.57 — 3.41 — 1.74 4.84 3.24 — — — — — 1.46 — — — — 3.67 2.59 2.63 — 2.69 — 5.60 6.34 — 2.73 4.65 0.90 3.20 2.40 — — — — 3.57 0.89 — — — — 5.62 3.80 MKT CAP (MIL) 36.4 79.2 47.5 287.1 9.0 109.5 76.6 611.6 65.2 120.8 747.9 93.0 174.1 36.8 58.0 397.5 24.5 30.4 541.8 147.7 289.0 50.9 26.0 28.2 643.7 68.1 1,124.9 421.0 183.6 70.7 47.2 488.2 155.0 33.0 22.1 3,867.8 6.8 839.9 113.4 405.1 535.8 86.5 31.5 579.3 39.7 46.0 92.7 6.3 138.8 188.1 1,904.2 103.5 191.5 177.4 142.1 94.6 931.1 207.4 87.7 589.1 49.0 546.9 206.4 265.0 136.8 242.2 23.8 93.1 45.7 85.1 52.8 241.8 49.8 6,810.3 155.2 587.2 171.3 215.5 241.8 42.6 223.0 24.8 28.1 1,480.4 49.9 91.1 168.0 35.3 80.1 67.4 13.9 138.2 174.5 1,168.5 80.9 107.9 33.1 1,385.8 277.0 83.9 371.2 1,002.6 81.7 51.7 4,175.7 27.6 1,803.8 36.0 54.0 6,908.0 139.2 208.8 141.1 38.6 39.5 62.6 236.9 42.9 138.6 152.2 141.8 34.7 19.1 81.0 79.4 40.3 49.8 222.0 183.8 59.9 165.9 56.9 268.0 625.4 36.9 147.4 3.6 120.0 105.9 183.9 71.5 89.9 53,600.0 310.2 81.0 594.8 58.8 43,453.0 1,161.0 1,029.2 100.0 4,068.9 65.7 55.2 97.3 112.9 102.0 165.8 68.7 85.8 33.6 523.0 61.1 181.1 T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 26 Markets T HU BURSA MAL AYSIA MAIN MARKET YEAR HIGH YEAR LOW DAY HIGH DAY LOW 4.200 3.154 3.900 3.800 8.280 3.754 7.090 6.950 1.243 0.777 1.080 1.030 1.870 1.130 1.480 1.410 3.248 1.976 3.180 3.140 0.990 0.660 0.720 0.710 13.600 6.526 12.660 12.240 0.650 0.280 0.305 0.300 0.330 0.225 0.240 0.230 1.350 0.526 0.920 0.900 0.355 0.215 0.230 0.220 0.770 0.290 — — 6.350 2.600 3.170 3.100 0.673 0.353 0.455 0.445 0.710 0.480 — — 1.556 1.014 1.290 1.260 2.590 1.075 2.590 2.450 0.850 0.610 — — 1.170 0.690 1.000 0.970 0.425 0.200 0.340 0.325 2.240 1.500 — — 2.504 1.276 2.250 2.170 2.320 1.145 2.160 2.070 3.534 1.897 2.370 2.300 4.730 2.571 3.400 3.310 0.398 0.217 0.350 0.330 0.830 0.360 0.380 0.380 15.260 13.376 14.760 14.620 15.240 14.372 — — 0.190 0.080 0.135 0.130 0.455 0.215 — — 2.210 0.700 1.250 1.200 1.720 0.685 — — 0.495 0.220 — — 3.860 1.650 3.830 3.660 3.064 1.468 2.160 2.120 0.800 0.610 0.690 0.610 2.322 1.186 1.770 1.730 2.300 1.660 2.080 2.060 7.030 4.870 5.170 5.080 0.745 0.520 — — 0.270 0.140 0.230 0.210 1.670 1.237 1.670 1.630 5.870 3.217 5.870 5.620 1.332 0.681 — — 1.700 0.610 1.460 1.360 1.633 1.130 1.250 1.230 1.408 0.635 0.700 0.685 0.400 0.275 — — 2.150 1.377 1.600 1.600 2.823 1.688 2.070 2.050 0.655 0.490 0.610 0.600 0.580 0.405 0.455 0.440 2.407 2.054 2.160 2.120 1.550 0.895 1.120 1.100 1.391 0.830 1.140 1.100 1.080 0.790 0.905 0.885 0.300 0.160 0.220 0.220 0.800 0.510 0.565 0.565 CONSTRUCTION 0.560 0.260 — — 0.180 0.100 0.140 0.135 0.775 0.505 0.700 0.685 0.856 0.511 0.660 0.655 0.680 0.475 0.480 0.475 0.534 0.330 0.380 0.370 1.044 0.847 0.890 0.880 1.150 0.840 0.980 0.960 1.859 1.540 — — 1.458 0.737 1.400 1.380 1.740 0.835 1.550 1.500 0.625 0.330 0.585 0.570 2.580 1.100 2.200 2.150 5.000 3.665 4.900 4.860 1.206 0.780 0.960 0.940 1.300 0.780 0.840 0.835 1.260 1.260 — — 1.290 1.290 — — 2.115 1.582 1.710 1.700 3.640 2.844 3.510 3.460 0.835 0.540 0.755 0.735 0.734 0.480 0.510 0.505 1.280 0.650 1.010 0.960 0.400 0.195 0.230 0.230 2.160 1.170 2.010 1.990 1.050 0.740 0.925 0.915 1.960 1.050 1.880 1.820 1.540 1.090 — — 1.150 0.663 0.715 0.700 0.450 0.285 0.295 0.285 1.390 1.020 1.360 1.330 0.370 0.190 — — 1.520 0.840 1.170 1.150 2.520 1.497 2.270 2.230 0.655 0.355 0.380 0.375 1.489 1.160 — — 1.874 1.366 1.760 1.750 0.190 0.110 0.125 0.120 3.901 2.905 3.540 3.500 1.050 0.595 0.605 0.600 1.720 0.954 1.560 1.550 0.510 0.310 0.320 0.310 0.513 0.259 0.415 0.405 1.780 0.845 1.780 1.740 0.748 0.438 0.525 0.525 1.737 1.069 1.580 1.540 0.865 0.555 0.690 0.660 0.355 0.160 0.165 0.165 TRADING SERVICES 0.415 0.150 0.395 0.385 0.543 0.270 0.285 0.280 3.300 2.470 2.720 2.710 0.245 0.135 0.235 0.225 2.700 0.751 2.700 2.620 6.915 4.187 6.620 6.440 0.595 0.330 0.370 0.360 0.095 0.075 — — 10.550 8.851 9.100 9.090 2.780 1.518 2.270 2.250 0.345 0.045 0.055 0.050 1.269 0.650 0.750 0.715 0.155 0.105 0.120 0.120 3.040 2.385 2.950 2.880 5.300 4.160 5.180 5.180 0.805 0.285 0.785 0.730 6.614 5.071 5.660 5.550 0.350 0.203 0.255 0.250 1.060 0.655 0.700 0.685 0.599 0.335 0.435 0.425 0.405 0.195 0.235 0.230 7.128 6.292 — — 1.530 1.080 1.440 1.410 2.725 1.740 2.310 2.270 0.440 0.336 0.375 0.365 2.614 1.810 1.940 1.930 0.855 0.610 0.700 0.660 0.480 0.330 0.400 0.360 3.427 2.823 3.000 2.960 0.215 0.119 0.145 0.140 1.170 0.555 1.000 0.990 3.904 2.652 2.800 2.720 1.000 0.380 0.400 0.390 2.140 1.010 1.750 1.670 3.872 2.276 3.180 3.180 1.066 0.697 0.835 0.825 0.508 0.332 0.465 0.465 0.600 0.400 0.415 0.400 0.105 0.060 0.075 0.070 0.910 0.650 0.775 0.760 0.055 0.035 0.040 0.035 2.040 1.356 1.950 1.930 0.125 0.070 0.075 0.075 2.530 0.990 1.170 1.110 1.481 0.870 1.170 1.160 0.685 0.480 0.605 0.600 1.679 1.284 1.550 1.530 5.144 3.530 3.900 3.890 1.697 0.986 1.370 1.320 0.395 0.240 0.260 0.255 1.476 0.738 1.120 1.100 0.395 0.210 — — 0.320 0.195 0.215 0.215 3.980 2.718 3.580 3.400 0.366 0.178 0.280 0.270 * Volume Weighted Average Price CODE COUNTER CLOSING (RM) +/– (RM) VOL (‘000) 5134 9822 7811 5170 7247 9237 4731 7239 7366 7073 5145 5163 4324 5181 7115 7155 7248 7132 5665 7143 6904 7207 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 SSTEEL STONE SUBUR SUCCESS 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 3.900 7.070 1.030 1.450 3.140 0.720 12.600 0.305 0.230 0.905 0.220 0.310 3.130 0.450 0.700 1.280 2.590 0.715 0.970 0.325 1.530 2.170 2.110 2.310 3.360 0.350 0.380 14.700 15.240 0.135 0.380 1.220 1.250 0.325 3.800 2.130 0.690 1.730 2.080 5.140 0.560 0.230 1.630 5.870 1.160 1.430 1.230 0.695 0.345 1.600 2.050 0.600 0.440 2.130 1.110 1.130 0.885 0.220 0.565 0.020 0.110 -0.050 0.030 -0.010 -0.010 0.180 UNCH -0.020 -0.015 -0.025 — 0.010 UNCH — -0.010 0.140 — -0.020 -0.015 — -0.080 0.070 -0.030 -0.010 0.005 0.010 -0.060 — 0.005 — 0.010 — — 0.060 -0.050 0.060 -0.020 UNCH -0.030 — 0.015 0.030 0.250 — -0.060 -0.010 0.015 — UNCH 0.020 -0.010 -0.005 0.010 UNCH 0.010 0.005 -0.005 0.005 12.1 274.7 49 801.1 44.4 50 169.5 135 30 272.1 6 — 111.2 38 — 3586.7 639.4 — 21.2 80 — 6.2 1456.1 3622.2 211.6 698 10 4.4 — 200 — 38.2 — — 313.9 70.5 12 194.4 59.5 2538.4 — 221.6 1840.4 134.7 — 492.3 5248.2 696 — 20.9 117.5 420.6 21 25.9 1546.1 696.2 85.1 139.6 43 7007 7070 7078 6173 5190 5932 8761 8591 7528 5253 8877 7047 9261 5398 5226 5169 5169PA 5169PB 6238 3336 5268 8834 4723 9083 7161 3565 5171 9628 5129 5006 9571 5924 5085 5703 8311 7055 5070 7145 9598 5205 5263 9717 5054 5622 5042 9679 7028 2283 ARK ASUPREM AZRB BDB BENALEC BPURI BREM CRESBLD DKLS ECONBHD EKOVEST FAJAR GADANG GAMUDA GBGAQRS HOHUP HOHUP-PA HOHUP-PB HSL IJM IKHMAS IREKA JAKS JETSON KERJAYA KEURO KIMLUN LEBTECH MELATI MERGE MITRA MTDACPI MUDAJYA MUHIBAH PESONA PLB PRTASCO PSIPTEK PTARAS SENDAI SUNCON SYCAL TRC TRIPLC TSRCAP WCT ZECON ZELAN 0.300 0.135 0.685 0.655 0.480 0.370 0.885 0.960 1.800 1.390 1.520 0.570 2.160 4.900 0.955 0.840 1.260 1.290 1.700 3.470 0.740 0.505 0.965 0.230 1.990 0.915 1.830 1.540 0.710 0.295 1.350 0.250 1.150 2.260 0.375 1.360 1.760 0.120 3.500 0.600 1.550 0.315 0.405 1.760 0.525 1.560 0.680 0.165 — 0.005 -0.010 -0.005 -0.005 -0.005 -0.005 -0.005 — 0.020 -0.020 -0.015 0.010 0.010 UNCH UNCH — — UNCH -0.050 -0.015 0.005 -0.055 -0.010 -0.030 -0.010 0.020 — -0.005 0.005 UNCH — -0.020 UNCH UNCH — 0.010 -0.010 -0.030 -0.005 -0.010 -0.005 -0.020 UNCH UNCH UNCH 0.020 -0.005 — 927.2 1491 40.1 347 140.5 69.8 953.9 — 541.6 928 326.9 3216 2805.1 888.4 85.2 — — 1099.8 6366.4 1477 43.5 1361.4 48.5 251.2 255 891.4 — 34.5 15 2644.6 — 86.7 814.3 132 — 356.3 416 115.9 215.6 548.6 1718.8 195.5 133.8 10 2001.2 35 536 5238 5166 6599 7315 5099 5014 5115 0159 6351 7083 5194 5210 1481 6399 7048 7579 6888 5021 7251 7241 6998 5032 5275 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 AAX AEGB AEON AHB AIRASIA AIRPORT ALAM AMEDIA AMWAY ANALABS APFT ARMADA ASB ASTRO ATLAN AWC AXIATA AYS BARAKAH BHS BINTAI BIPORT BISON 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 0.390 0.280 2.720 0.225 2.660 6.560 0.365 0.080 9.100 2.250 0.050 0.740 0.120 2.900 5.180 0.755 5.630 0.255 0.695 0.435 0.235 7.000 1.440 2.280 0.370 1.940 0.700 0.400 2.990 0.145 1.000 2.800 0.400 1.750 3.180 0.835 0.465 0.415 0.075 0.765 0.035 1.950 0.075 1.150 1.170 0.605 1.540 3.900 1.350 0.260 1.100 0.275 0.215 3.400 0.275 -0.005 -0.005 -0.010 -0.005 0.060 0.010 0.010 — UNCH -0.070 UNCH 0.030 0.005 -0.050 0.130 0.035 -0.040 -0.010 0.010 UNCH 0.005 — UNCH UNCH 0.005 0.010 UNCH 0.005 -0.010 UNCH 0.015 0.040 UNCH UNCH -0.020 0.005 UNCH UNCH UNCH -0.005 -0.005 -0.010 0.005 0.050 0.020 -0.005 UNCH 0.050 0.020 UNCH UNCH — UNCH -0.210 -0.005 16270.5 186.4 8.5 662.1 41034.3 888.3 2000.3 — 1 10 975 62748.6 965.6 1798.7 2 44948.4 7036.7 55 994 304.6 121.3 — 247.3 2073 10464.6 82.1 13.8 7 1352.6 1930 315.3 514 31 7 5 285.9 5 22.2 101.2 47.9 2375 39.5 103 3272.2 299.5 276 2590.9 18.5 4333.8 12.5 254 — 122 2718.1 857.6 # PE is calculated based on latest 12 months reported Earnings Per Share VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) YEAR HIGH 3.852 19.82 7.019 9.62 1.032 9.69 1.440 11.74 3.147 17.68 0.711 218.18 12.486 12.11 0.300 — 0.232 15.54 0.906 48.92 0.229 — — — 3.132 2.56 0.449 13.16 — — 1.279 17.07 2.521 22.96 — 61.64 0.971 — 0.337 — — — 2.216 9.31 2.115 10.34 2.319 12.91 3.345 8.60 0.335 2.55 0.380 — 14.702 19.76 — — 0.131 — — 53.52 1.222 5.89 — — — — 3.770 8.51 2.139 5.48 0.613 56.10 1.749 11.09 2.072 42.45 5.127 15.68 — 127.27 0.217 30.26 1.657 11.88 5.724 27.77 — 9.61 1.428 — 1.240 19.84 0.694 — — — 1.600 7.72 2.058 18.44 0.603 — 0.449 17.81 2.133 14.19 1.103 8.77 1.119 15.52 0.893 14.87 0.220 — 0.565 — 1.28 1.69 5.83 4.14 3.50 — 1.90 — — 3.31 — 6.45 — 2.67 — 1.53 1.16 3.50 — — — 3.69 2.37 1.73 3.72 — — 7.48 7.22 — — — — — 2.37 8.45 — 4.86 4.81 1.95 1.79 — 6.75 2.04 2.59 — 4.80 4.32 — 1.88 4.49 — — 4.69 2.24 1.48 2.26 — — 534.0 889.8 75.0 459.7 414.5 53.0 2,903.9 26.7 78.7 181.5 110.0 24.8 939.0 84.4 28.0 1,451.8 640.6 32.0 406.8 29.2 319.8 260.4 168.8 1,571.2 1,494.8 171.4 68.4 1,817.2 5.1 20.9 24.4 48.9 50.5 49.7 400.0 205.5 61.4 284.1 265.1 6,449.2 59.9 52.6 716.2 852.3 92.8 167.8 1,437.7 538.5 29.1 213.3 679.9 55.0 17.6 511.2 534.3 377.3 141.6 76.6 57.3 18.29 — 13.95 7.63 25.95 24.83 17.70 16.24 8.09 11.54 44.97 22.53 5.30 18.48 — 4.21 — — 12.82 15.57 12.74 — 10.20 23.23 6.00 34.01 9.54 — 6.79 6.89 9.27 — 25.90 12.24 19.23 21.86 8.80 20.00 23.49 — 16.45 5.83 1.29 13.78 18.55 9.84 — — — — 2.92 6.11 0.63 5.41 3.39 4.17 1.67 2.52 1.32 2.19 2.31 2.45 — — 1.98 1.16 1.41 2.02 1.35 — — — 1.51 — 3.17 — 2.46 — 3.70 — — 2.21 2.67 3.68 5.11 — 5.43 0.83 2.58 — 1.60 — 1.70 1.92 — — 13.8 39.4 331.2 199.0 389.7 88.5 305.7 169.8 166.9 743.7 1,300.3 206.8 558.6 11,837.1 373.3 293.1 9.8 23.3 990.5 12,455.1 384.8 86.3 423.0 43.2 1,008.6 917.5 550.0 210.2 85.2 19.8 873.1 57.9 635.3 1,071.6 245.2 124.1 597.1 38.0 572.3 464.4 2,004.0 100.9 194.6 116.9 91.6 1,962.1 81.0 139.4 0.390 — 0.282 — 2.713 33.87 0.227 24.19 2.666 5.85 6.558 — 0.365 14.96 — — 9.099 33.14 2.263 10.68 0.050 — 0.734 — 0.120 — 2.899 23.37 5.180 30.51 0.759 22.27 5.597 20.91 0.255 6.73 0.693 113.93 0.430 — 0.231 — — 24.35 1.423 — 2.282 13.08 0.370 — 1.939 38.26 0.680 — 0.385 — 2.980 14.42 0.141 18.83 0.995 — 2.774 — 0.395 — 1.739 53.03 3.180 5.83 0.831 10.72 0.465 32.07 0.402 — 0.075 — 0.766 24.68 0.040 58.33 1.945 9.30 0.075 — 1.147 9.06 1.167 10.85 0.601 18.50 1.542 28.10 3.900 17.14 1.352 28.85 0.259 7.30 1.103 14.14 — — 0.215 — 3.459 15.86 0.275 3.92 — 35.71 1.47 — 1.50 1.30 — — 3.85 1.33 — 1.11 2.08 4.54 5.31 — 3.55 3.92 2.88 — — 3.14 — 4.23 2.70 1.68 — — 5.51 — — 6.79 — 1.14 1.57 4.79 1.61 1.37 4.00 3.92 — 2.56 — 6.09 4.70 — 1.43 2.44 2.22 — 2.05 — — 4.41 — 1,617.8 114.8 3,818.9 36.0 7,402.7 10,884.3 337.4 19.2 1,495.9 135.1 21.7 4,341.0 79.7 15,094.5 1,313.9 196.3 49,675.6 97.0 573.3 182.3 50.4 3,220.0 446.5 2,615.1 1,729.1 733.9 3,500.2 94.0 4,039.6 434.4 236.3 4,054.0 93.6 381.0 320.4 319.2 59.3 70.0 54.0 93.7 74.7 484.9 130.2 1,008.7 468.0 585.2 8,107.1 614.9 1,822.5 63.9 554.4 16.5 66.9 2,827.5 195.0 1.097 1.567 1.450 1.380 0.802 0.625 1.519 0.285 0.370 2.735 1.800 4.640 9.900 1.880 0.500 2.690 0.070 0.410 7.778 1.412 3.458 0.015 0.505 6.790 0.882 1.380 0.335 1.980 0.455 0.415 1.971 0.379 1.827 4.379 1.499 0.650 0.325 0.410 0.350 0.735 1.881 2.620 1.804 0.165 6.970 1.080 3.410 1.485 0.755 0.950 2.306 1.340 9.171 2.617 0.524 0.105 0.205 0.371 2.380 0.930 0.110 0.950 0.860 1.850 0.145 2.750 0.496 0.715 1.828 1.410 0.120 1.381 1.570 0.500 0.240 7.047 25.957 0.250 6.948 0.250 0.415 4.404 3.259 3.310 1.150 0.200 0.450 0.845 0.917 0.660 0.150 2.429 0.240 0.400 1.310 1.404 1.747 8.808 0.900 2.677 1.530 2.580 3.094 0.215 2.608 0.435 1.662 2.123 14.496 1.850 0.505 0.260 6.961 0.855 1.500 0.550 2.858 1.091 2.989 1.950 1.430 0.700 2.600 0.815 2.938 0.545 4.541 1.438 0.075 3.236 0.965 1.710 FINANCE 14.164 2.694 4.372 12.234 12.300 6.071 1.911 4.180 8.950 5.480 0.500 1.304 13.760 10.100 15.800 2.640 0.902 0.910 0.185 2.700 0.730 15.980 1.280 2.980 8.886 1.884 4.180 1.920 1.455 19.380 0.960 — 0.135 0.691 0.659 0.478 0.375 0.881 0.969 — 1.386 1.515 0.578 2.171 4.873 0.950 0.838 — — 1.700 3.485 0.744 0.506 0.985 0.230 1.999 0.922 1.848 — 0.709 0.288 1.349 — 1.161 2.235 0.376 — 1.757 0.125 3.530 0.603 1.552 0.315 0.409 1.764 0.525 1.562 0.680 0.165 YEAR LOW DAY HIGH DAY LOW 0.810 0.850 0.825 1.047 — — 0.710 1.300 1.290 0.970 1.160 1.140 0.481 0.595 0.595 0.425 0.445 0.440 1.160 1.200 1.200 0.145 0.150 0.145 0.110 0.195 0.180 1.852 2.380 2.300 0.815 1.670 1.630 3.722 4.530 4.480 6.510 8.520 8.360 1.034 1.820 1.790 0.380 0.410 0.410 1.773 2.600 2.590 0.060 — — 0.265 0.290 0.275 4.433 7.750 7.670 0.975 1.000 0.975 2.800 3.190 3.170 0.005 0.010 0.005 0.250 0.380 0.370 5.320 6.520 6.430 0.683 — — 0.920 — — 0.205 0.270 0.255 1.450 1.760 1.760 0.315 — — 0.290 0.370 0.325 1.638 1.860 1.860 0.230 — — 1.250 — — 3.904 4.360 4.300 0.955 1.030 1.000 0.350 0.550 0.520 0.165 0.175 0.175 0.232 0.400 0.380 0.180 0.285 0.280 0.500 — — 0.940 1.540 1.520 2.192 2.320 2.280 1.151 1.610 1.600 0.127 0.160 0.155 5.312 5.750 5.620 0.510 0.825 0.795 1.914 2.070 2.050 0.962 1.420 1.400 0.484 0.755 0.745 0.650 0.685 0.660 1.654 1.860 1.840 0.875 1.170 1.150 6.880 7.690 7.600 1.490 2.160 2.130 0.320 0.355 0.350 0.060 0.070 0.065 0.155 0.170 0.165 0.236 0.260 0.255 1.241 2.100 2.050 0.560 — — 0.065 0.080 0.075 0.660 0.755 0.755 0.583 0.855 0.825 1.207 1.800 1.780 0.085 0.100 0.095 1.646 2.120 2.080 0.378 0.435 0.435 0.445 0.565 0.555 0.820 0.890 0.870 0.896 1.130 1.130 0.055 0.065 0.065 0.816 1.230 1.210 1.400 — — 0.230 0.270 0.255 0.135 0.160 0.160 4.718 6.710 6.700 18.503 23.880 23.500 0.030 — — 5.139 5.630 5.570 0.145 0.160 0.150 0.205 — — 2.040 2.740 2.690 1.559 2.280 2.240 2.310 2.370 2.320 1.000 1.060 1.040 0.100 0.170 0.165 0.340 0.365 0.360 0.528 0.625 0.605 0.591 0.790 0.760 0.420 — — 0.090 0.115 0.115 1.529 2.340 2.270 0.135 0.185 0.175 0.195 0.220 0.210 0.968 — — 1.160 1.200 1.180 1.293 1.350 1.340 6.485 7.680 7.610 0.710 — — 1.360 1.770 1.710 1.310 1.320 1.320 2.206 2.520 2.500 2.380 2.420 2.420 0.100 0.115 0.105 1.842 2.120 2.050 0.330 0.340 0.340 1.192 1.440 1.420 1.471 1.580 1.580 10.030 14.020 13.900 1.229 1.600 1.560 0.290 0.300 0.290 0.100 0.120 0.110 5.792 6.720 6.610 0.460 0.855 0.830 0.882 1.380 1.330 0.330 — — 2.540 — — 0.854 — — 2.218 — — 0.860 0.970 0.955 1.130 1.190 1.190 0.455 0.455 0.455 1.560 1.950 1.900 0.370 0.650 0.650 2.086 — — 0.410 — — 3.566 4.410 4.340 0.744 1.050 1.030 0.025 0.035 0.035 2.310 2.700 2.680 0.435 0.965 0.950 1.349 1.670 1.640 10.780 2.028 3.070 9.702 9.572 4.126 1.329 3.170 7.329 3.841 0.310 1.192 11.509 7.327 12.153 1.778 0.572 0.832 0.105 1.750 0.460 13.847 0.624 2.564 7.901 1.100 2.700 1.290 1.209 16.745 0.725 13.880 2.230 4.230 10.240 — 4.590 1.690 4.120 8.800 4.560 0.390 1.240 13.260 — 14.860 2.600 0.690 0.895 0.130 2.680 0.510 15.760 1.160 — 8.400 1.210 2.750 1.410 1.310 19.240 0.730 13.820 2.200 4.130 10.220 — 4.510 1.640 4.000 8.730 4.480 0.375 1.220 13.180 — 14.740 2.600 0.680 0.895 0.120 2.680 0.500 15.600 1.150 — 8.250 1.190 2.700 1.380 1.300 19.100 0.730 CODE 5081 5208 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 4464 5533 0172 5201 3018 5260 8419 5125 5657 5041 6254 5133 7108 0047 7080 5219 5681 7027 7081 7201 7163 4634 5204 8346 5272 0037 8885 8567 5147 7185 9113 0099 7158 7045 7053 9792 5250 4197 9431 5218 5242 6084 9865 1201 6521 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 COUNTER CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) EIG EITA 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 NICORP OCB OCK OLDTOWN OLYMPIA OWG PANSAR PANTECH PARKSON PBA PDZ PENERGY PERDANA PERISAI PERMAJU PESTECH PETDAG PETONE PHARMA PICORP PJBUMI POS PRESBHD PRKCORP RANHILL RGB RPB SALCON SAMCHEM SAMUDRA SANBUMI SCICOM SCOMI SCOMIES SEEHUP SEG SEM SIME SJC SKPETRO SOLID STAR SUIWAH SUMATEC SURIA 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 0.850 1.180 1.290 1.150 0.595 0.440 1.200 0.150 0.195 2.340 1.650 4.530 8.380 1.820 0.410 2.600 0.065 0.275 7.700 0.980 3.190 0.010 0.375 6.440 0.780 1.000 0.255 1.760 0.395 0.325 1.860 0.265 1.310 4.360 1.000 0.535 0.175 0.380 0.285 0.635 1.530 2.310 1.610 0.155 5.750 0.795 2.060 1.410 0.750 0.685 1.840 1.160 7.620 2.150 0.350 0.070 0.170 0.260 2.060 0.750 0.075 0.755 0.825 1.800 0.100 2.100 0.435 0.555 0.890 1.130 0.065 1.220 1.540 0.265 0.160 6.700 23.880 0.055 5.600 0.155 0.260 2.690 2.240 2.350 1.050 0.170 0.360 0.615 0.790 0.450 0.115 2.280 0.180 0.220 1.060 1.200 1.350 7.660 0.770 1.740 1.320 2.510 2.420 0.110 2.110 0.340 1.440 1.580 14.000 1.580 0.300 0.115 6.720 0.835 1.330 0.550 2.600 0.900 2.530 0.955 1.190 0.455 1.950 0.650 2.150 0.410 4.350 1.040 0.035 2.680 0.950 1.660 0.015 — -0.010 -0.010 UNCH UNCH -0.010 UNCH 0.015 0.030 UNCH UNCH -0.070 0.020 -0.015 UNCH — -0.010 0.050 -0.020 0.040 UNCH 0.005 -0.060 — — -0.010 UNCH — -0.055 UNCH — — 0.060 UNCH UNCH -0.005 -0.010 0.010 — -0.010 UNCH UNCH -0.005 0.060 -0.025 UNCH -0.020 0.005 -0.005 -0.020 -0.010 -0.060 UNCH 0.005 UNCH UNCH UNCH -0.010 — -0.005 -0.005 -0.015 UNCH UNCH 0.030 UNCH UNCH 0.010 UNCH UNCH 0.010 — 0.010 -0.005 UNCH 0.080 — UNCH 0.005 — -0.040 -0.040 0.010 0.010 0.010 -0.010 0.015 0.025 — UNCH UNCH UNCH 0.005 — 0.010 UNCH UNCH — 0.040 -0.010 0.010 UNCH UNCH 0.010 UNCH 0.020 -0.010 UNCH -0.020 -0.005 0.005 0.080 -0.015 -0.010 — — — — 0.005 0.040 UNCH 0.050 -0.030 — — -0.010 -0.010 UNCH -0.020 -0.005 -0.010 27 — 64.3 329.3 297 252.5 266.4 5588.7 30.3 41 238.9 2468.7 1805.9 750.3 31 33.3 — 13.6 1409.5 187.4 4 605 4855.2 5619 — — 91 30 — 40.1 9.2 — — 956.2 205.6 111.3 25 4483.7 95 — 46.7 361.3 3875.9 827.2 1181.6 3776.4 259.2 639.5 199 38.1 218.9 739.9 3879.7 1284 85 5160.4 3063 132.5 3196.7 — 513.1 1 2326.1 298.5 619.4 70.2 6 312 664.4 24.3 386 158.2 — 12247.9 61.8 71.3 191.3 — 544.3 240.3 — 542.4 84.7 18.1 171.9 11282.5 50.8 1110.3 11.6 — 55 76.8 1439.8 475 — 656.3 286.9 3258.4 — 34659.7 11 133.1 3.6 93941.1 120.1 40 162.7 102.2 7129.4 9.4 148 4382.5 4922.1 537.3 647.1 — — — — 2284.5 2 0.1 20.4 1 — — 2578.5 250.2 139 87.2 2046.2 3310.1 0.847 — 1.293 1.145 0.595 0.441 1.200 0.145 0.187 2.318 1.651 4.508 8.405 1.810 0.410 2.598 — 0.282 7.685 0.984 3.179 0.010 0.375 6.462 — — 0.258 1.760 — 0.335 1.860 — — 4.347 1.009 0.529 0.175 0.389 0.283 — 1.530 2.297 1.608 0.157 5.703 0.806 2.062 1.409 0.750 0.663 1.845 1.160 7.628 2.150 0.351 0.070 0.170 0.257 2.067 — 0.075 0.755 0.838 1.788 0.095 2.107 0.435 0.557 0.882 1.130 0.065 1.219 — 0.262 0.160 6.704 23.832 — 5.599 0.157 — 2.699 2.256 2.332 1.045 0.165 0.364 0.614 0.780 — 0.115 2.309 0.180 0.217 — 1.197 1.349 7.655 — 1.739 1.320 2.510 2.420 0.110 2.100 0.340 1.430 1.580 13.980 1.573 0.299 0.115 6.649 0.843 1.349 — — — — 0.961 1.190 0.455 1.928 0.650 — — 4.374 1.043 0.035 2.683 0.956 1.657 9.76 7.26 — 8.26 5.46 22.80 9.98 — — 27.59 66.53 24.25 34.66 10.94 — 14.81 — 7.70 17.69 7.08 15.02 — — 53.05 — 40.65 — 9.32 — — 9.92 — 80.86 33.21 3.69 2.66 56.45 26.39 29.08 — 8.93 16.01 16.10 8.86 23.35 — 11.96 11.42 3.30 139.80 5.67 — 13.33 25.84 6.11 17.50 — 4.45 42.83 — 39.47 14.66 14.65 15.48 5.00 26.48 16.05 8.85 — 8.93 — 10.32 — — — 15.93 29.53 0.48 20.54 — — 22.91 66.67 2.93 23.08 10.18 — — 26.60 8.75 — 19.55 12.41 — 4.63 44.12 29.61 21.19 23.84 — 28.33 15.22 30.25 18.97 4.64 283.33 20.66 10.32 16.10 69.60 — — 28.21 81.86 6.96 289.47 17.46 11.60 6.10 — 15.68 — 30.95 — — 19.25 26.69 9.69 — 12.40 120.25 18.89 4.12 3.39 — 0.65 4.20 1.36 4.17 — — 3.53 0.61 1.57 0.42 2.75 1.46 5.77 — — 3.25 2.55 4.70 — — 0.47 3.21 3.00 — 1.99 — — 4.57 1.89 1.53 1.62 4.00 — — 1.32 — — 4.25 6.49 4.35 4.52 3.48 1.26 3.40 7.09 6.01 — 4.15 — 3.94 1.77 1.71 — — — 0.58 — — 1.32 0.73 3.33 — — 5.17 3.78 — 3.32 — 1.64 1.30 — — 1.04 2.51 — 4.82 3.94 — 4.87 1.67 — — 2.94 — 3.25 3.80 — — 3.51 — — 4.25 10.83 1.70 3.26 1.30 0.78 1.97 7.17 2.48 — 3.32 — 5.56 2.85 2.07 9.49 — — 3.18 0.17 3.01 — 1.44 5.56 2.37 1.05 2.94 — 1.94 — 3.26 — 2.55 1.44 — 0.75 — 5.72 197.5 153.4 118.5 349.6 315.3 211.3 210.1 158.0 24.9 3,004.6 2,282.3 26,899.3 31,368.0 546.7 96.8 525.7 5.2 44.0 18,862.9 392.4 218.5 112.0 441.4 52,992.2 138.9 72.5 38.7 246.4 78.2 41.0 516.0 58.3 130.5 4,612.7 499.0 79.1 70.5 211.5 51.7 147.0 419.5 3,321.2 8,050.0 163.4 43,184.0 795.0 804.9 1,564.0 1,265.4 28.8 739.5 1,856.0 34,014.1 6,546.9 56.9 53.1 498.5 889.9 4,952.7 45.1 64.8 77.7 653.6 833.8 102.3 491.4 121.8 342.1 973.6 374.3 56.5 392.5 1,198.8 324.0 31.3 1,250.2 23,723.7 2.8 1,449.7 102.0 13.0 1,444.6 1,084.2 235.0 932.7 224.1 309.1 416.8 107.4 83.6 21.8 810.4 345.2 515.2 55.4 897.7 1,665.1 48,465.4 31.2 10,426.3 218.6 1,853.8 147.6 425.3 608.1 408.0 1,741.7 316.0 79,010.6 196.1 114.5 128.9 25,253.3 1,446.9 559.5 22.5 178.1 97.2 102.9 2,064.7 153.0 50.4 567.3 85.8 144.5 18.3 14,833.5 187.2 21.3 2,928.7 152.3 17,918.0 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 13.840 2.200 4.230 10.220 9.820 4.580 1.640 4.120 8.790 4.540 0.390 1.240 13.200 10.100 14.800 2.600 0.685 0.895 0.130 2.680 0.510 15.760 1.150 2.750 8.270 1.200 2.700 1.410 1.310 19.140 0.730 -0.040 12 -0.030 82.7 0.030 847.8 UNCH 22 — — -0.010 635.8 0.010 19 -0.010 85.4 -0.010 42.4 0.030 10954.1 0.005 141.4 UNCH 6.9 UNCH 544 — — UNCH 77 0.010 110 UNCH 388.2 UNCH 0.2 UNCH 43.1 UNCH 39 UNCH 147.9 UNCH 8.3 -0.010 217.6 — — -0.120 11639.3 UNCH 500.7 -0.050 110.9 0.030 190.6 UNCH 5 0.020 4429.2 UNCH 5 13.849 2.219 4.211 10.221 — 4.563 1.652 4.102 8.766 4.516 0.389 1.238 13.206 — 14.799 2.600 0.685 0.895 0.122 2.680 0.502 15.654 1.154 — 8.290 1.203 2.706 1.389 1.306 19.141 0.730 9.29 9.40 12.37 5.58 — 10.57 19.88 11.68 23.33 12.51 9.05 8.88 12.31 30.31 11.45 17.91 6.18 — — 72.43 28.49 15.89 13.34 17.78 12.09 18.96 8.25 17.98 11.06 14.44 5.93 4.30 3.63 3.43 0.64 0.79 4.43 3.05 2.96 3.92 3.08 — 5.44 3.04 0.84 2.57 3.85 1.46 8.94 — 3.73 1.96 4.44 5.22 3.27 6.53 2.50 — — 7.40 2.93 8.22 1,993.0 4,274.5 6,548.5 1,730.5 903.7 13,805.0 350.2 6,545.4 4,705.1 39,629.0 111.8 254.1 28,613.9 2,493.7 16,983.2 663.4 474.9 118.7 81.0 321.6 373.2 5,232.1 336.6 556.5 82,772.4 3,416.7 575.3 1,008.2 322.2 74,304.1 248.9 7 0 4 1 PROP 0 1 0 0 0 0 0 1 2 2 2 1 1 0 1 1 2 0 0 0 0 0 1 0 1 0 1 2 2 0 1 0 0 1 1 0 1 1 0 1 1 0 2 1 0 0 0 2 0 0 1 1 0 2 2 1 1 0 1 2 0 1 0 1 0 3 0 1 5 3 1 3 0 0 8 0 1 0 0 0 1 1 1 2 1 1 2 0 MINI 1 PLAN 0 18 9 1 0 9 0 8 2 11 1 1 1 2 3 0 0 5 24 3 3 0 4 1 1 0 2 4 0 1 0 4 3 0 5 2 0 1 1 2 6 27 HOTE 0 1 0 6 TECH 0 0 0 0 0 0 0 1 1 2 1 0 0 6 0 3 0 0 5 0 10 * Volu T HURSDAY J U N E 9 , 20 16 • T HEED G E FINA NCIA L DA ILY Markets 2 7 BURSA MAL AYSIA MAIN MARKET . ACE MARKET AP IL) 7.5 3.4 8.5 9.6 5.3 1.3 0.1 8.0 4.9 4.6 2.3 9.3 8.0 6.7 6.8 5.7 5.2 4.0 2.9 2.4 8.5 2.0 1.4 2.2 8.9 2.5 8.7 6.4 8.2 1.0 6.0 8.3 0.5 2.7 9.0 9.1 0.5 1.5 1.7 7.0 9.5 1.2 0.0 3.4 4.0 5.0 4.9 4.0 5.4 8.8 9.5 6.0 4.1 6.9 6.9 3.1 8.5 9.9 2.7 5.1 4.8 7.7 3.6 3.8 2.3 1.4 1.8 2.1 3.6 4.3 6.5 2.5 8.8 4.0 1.3 0.2 3.7 2.8 9.7 2.0 3.0 4.6 4.2 5.0 2.7 4.1 9.1 6.8 7.4 3.6 1.8 0.4 5.2 5.2 5.4 7.7 5.1 5.4 1.2 6.3 8.6 3.8 7.6 5.3 8.1 8.0 1.7 6.0 0.6 6.1 4.5 8.9 3.3 6.9 9.5 2.5 8.1 7.2 2.9 4.7 3.0 0.4 7.3 5.8 4.5 8.3 3.5 7.2 1.3 8.7 2.3 8.0 3.0 4.5 8.5 0.5 3.7 5.0 0.2 5.4 5.1 9.0 1.8 4.1 3.9 3.7 3.2 3.4 4.9 8.7 1.0 1.6 3.2 2.1 6.6 6.5 2.4 6.7 5.3 8.2 2.2 4.1 8.9 YEAR HIGH YEAR LOW DAY HIGH DAY LOW 7.248 4.911 0.700 0.505 4.440 3.654 1.798 1.063 PROPERTIES 0.990 0.693 1.200 0.760 0.495 0.354 0.260 0.155 0.680 0.425 0.690 0.470 0.909 0.745 1.300 0.900 2.342 1.570 2.308 1.434 2.497 1.939 1.080 0.430 1.832 1.380 0.335 0.210 1.670 1.170 1.200 0.625 2.950 1.750 0.920 0.655 0.600 0.445 0.898 0.693 0.498 0.332 0.665 0.420 1.459 1.005 0.750 0.430 1.911 1.547 0.668 0.455 1.313 0.950 2.824 2.213 2.450 1.735 0.500 0.315 1.160 0.745 0.325 0.185 0.070 0.040 1.200 0.850 1.755 1.100 0.477 0.324 1.548 1.209 1.630 1.179 0.355 0.220 1.129 0.805 1.692 1.240 0.852 0.607 2.602 1.999 1.380 1.032 0.615 0.495 0.980 0.555 0.412 0.263 2.810 1.842 0.457 0.286 0.255 0.145 1.482 0.775 1.500 0.770 0.390 0.265 2.740 1.760 2.980 1.463 1.993 1.473 1.970 1.320 0.500 0.280 1.477 1.253 2.200 1.679 0.285 0.195 1.730 0.715 0.957 0.625 1.080 0.855 0.635 0.450 3.275 2.740 0.200 0.130 1.074 0.726 5.482 4.111 3.400 2.800 1.150 0.810 3.240 2.836 0.845 0.675 0.315 0.225 8.648 6.000 0.080 0.045 1.623 1.133 0.180 0.085 0.747 0.215 0.095 0.045 1.935 1.350 1.149 0.774 1.344 0.740 2.350 1.680 1.555 1.100 1.744 1.000 2.060 1.474 0.775 0.595 MINING 1.390 1.140 PLANTATIONS 0.367 0.182 18.360 16.560 9.500 7.612 1.536 1.032 0.813 0.620 9.141 7.500 0.550 0.380 8.036 6.777 2.016 1.166 11.560 8.494 1.753 1.202 1.470 0.980 1.020 0.790 2.490 1.881 3.800 2.990 0.735 0.593 0.785 0.545 5.040 3.622 24.780 19.357 3.569 2.891 3.600 2.146 0.645 0.345 4.070 2.410 1.820 1.360 1.860 1.500 0.979 0.787 2.850 1.930 4.965 3.900 0.350 0.200 1.220 0.800 0.675 0.465 4.080 3.442 3.300 2.653 0.825 0.450 5.030 3.610 2.140 1.654 0.810 0.510 1.610 1.090 1.730 1.150 2.326 1.712 6.234 5.280 27.900 23.977 HOTELS 0.695 0.497 1.280 0.830 0.345 0.205 6.817 4.800 TECHNOLOGY 0.900 0.600 0.370 0.195 0.190 0.100 0.430 0.240 0.255 0.130 0.235 0.150 0.279 0.173 1.747 1.138 1.960 0.517 2.056 1.149 1.220 0.710 0.305 0.185 0.310 0.240 6.795 3.040 0.719 0.520 3.912 2.174 0.170 0.100 0.872 0.555 5.950 3.382 0.250 0.060 10.480 5.449 — 0.540 4.020 1.560 — 0.525 3.850 1.510 1066 4898 6139 5230 0.900 1.080 0.445 0.185 0.430 0.480 0.780 1.090 1.580 1.500 2.240 0.735 1.740 0.255 1.280 — 2.060 0.765 0.540 0.795 0.410 0.450 1.350 — 1.790 0.520 — 2.410 2.350 0.470 0.975 0.200 0.060 — 1.130 0.410 1.370 1.580 0.245 0.990 1.500 0.720 2.520 — 0.515 0.900 0.340 2.540 0.340 — 1.140 0.820 0.300 1.910 — 1.600 1.440 0.415 — 1.730 0.255 1.130 0.705 — 0.460 3.050 0.160 — 4.830 3.160 0.840 3.030 0.700 0.240 — — 1.430 0.090 0.220 0.050 1.450 1.010 1.110 2.340 1.120 — 1.900 0.615 0.895 1.070 0.435 0.180 0.430 0.480 0.780 1.050 1.580 1.490 2.180 0.710 1.670 0.250 1.260 — 2.060 0.755 0.535 0.790 0.400 0.430 1.300 — 1.780 0.505 — 2.340 2.320 0.450 0.935 0.195 0.050 — 1.120 0.395 1.360 1.560 0.235 0.985 1.470 0.700 2.490 — 0.510 0.865 0.330 2.490 0.325 — 1.090 0.800 0.300 1.810 — 1.580 1.420 0.400 — 1.730 0.250 1.070 0.700 — 0.455 3.030 0.155 — 4.810 3.060 0.835 3.000 0.700 0.235 — — 1.380 0.085 0.215 0.045 1.420 0.995 1.070 2.330 1.110 — 1.880 0.610 1007 5959 1007PA 4057 6602 9814 3239 5738 6718 5049 5355 3484 3417 3557 8206 6076 8613 6815 6041 5020 9962 1147 1503 7010 5062 4251 5084 1597 5249 5175 1589 6769 3115 7323 5038 3174 8494 5789 3573 7617 8583 6181 5236 5182 5040 1694 8141 6114 8893 6548 1651 9539 3913 5073 5827 5053 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 1.200 1.190 2186 KUCHAI 0.290 17.900 8.550 1.490 0.680 — 0.445 — 1.520 10.640 1.410 1.470 — 2.420 3.400 — — 4.420 23.540 — 3.390 0.605 4.060 — — 0.840 — — 0.245 — 0.525 — — — 4.100 — 0.685 1.160 1.680 1.960 — 26.600 0.270 17.900 8.500 1.470 0.660 — 0.440 — 1.480 10.580 1.400 1.440 — 2.360 3.330 — — 4.350 23.240 — 3.320 0.590 4.060 — — 0.810 — — 0.245 — 0.520 — — — 4.090 — 0.670 1.140 1.660 1.920 — 26.580 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 0.285 17.900 8.500 1.480 0.660 7.880 0.445 7.650 1.500 10.600 1.410 1.450 0.860 2.420 3.400 0.700 0.695 4.360 23.300 3.200 3.390 0.595 4.060 1.360 1.600 0.840 2.300 4.000 0.245 0.985 0.520 3.750 2.990 0.560 4.100 1.900 0.670 1.140 1.670 1.950 5.850 26.580 — 0.865 0.270 5.290 — 0.850 0.265 5.240 5592 1643 1287 5517 GCE LANDMRK PMHLDG SHANG 0.545 0.860 0.265 5.270 — 0.005 -0.005 -0.070 — 89.8 434 91.9 — 0.857 0.268 5.272 — 0.215 0.115 0.290 0.165 0.165 0.270 1.560 1.780 1.530 0.880 0.255 0.250 3.530 0.550 3.160 0.150 0.670 5.150 0.145 7.350 — 0.215 0.100 0.285 0.155 0.160 0.260 1.550 1.710 1.510 0.855 0.245 0.240 3.480 0.530 3.030 0.150 0.655 4.790 0.140 7.260 7031 5195 0051 7204 8338 0029 4456 5162 0065 0090 0021 0082 0056 7022 5028 0166 9393 5161 9334 0143 3867 AMTEL CENSOF CUSCAPI D&O DATAPRP DIGISTA DNEX ECS EFORCE ELSOFT GHLSYS GPACKET GRANFLO GTRONIC HTPADU INARI ITRONIC JCY KESM KEYASIC MPI 0.650 0.215 0.100 0.285 0.165 0.165 0.265 1.550 1.730 1.510 0.860 0.250 0.250 3.490 0.530 3.060 0.150 0.655 5.150 0.140 7.310 — UNCH UNCH -0.005 0.005 -0.005 0.005 0.020 -0.010 -0.030 -0.015 -0.005 UNCH -0.030 -0.020 -0.070 -0.010 -0.010 0.300 UNCH -0.070 — 1083.1 2904 263 1769 124 3438.9 17.2 608.6 3 121 2289.8 61.1 355.9 2 2008.2 23.9 1079.6 309.5 450 110.7 — 0.215 0.105 0.289 0.162 0.161 0.264 1.556 1.755 1.523 0.866 0.250 0.244 3.499 0.531 3.062 0.150 0.659 5.037 0.140 7.310 * Volume Weighted Average Price CODE COUNTER CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) RHBCAP TA TAKAFUL TUNEPRO 6.100 0.530 3.870 1.530 — -0.005 -0.130 -0.020 — 152.3 324.5 851.8 — 0.531 3.992 1.522 10.50 — 20.18 15.32 1.97 1.04 3.71 3.27 18,755.5 907.3 3,174.1 1,150.2 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 GUOCO HOOVER HUAYANG IBHD IBRACO IGB IOIPG IVORY IWCITY JKGLAND KBUNAI KEN KSL L&G LBICAP LBS LIENHOE MAGNA MAHSING MALTON MATRIX MCT MEDAINC MENANG MJPERAK MKH MKLAND MPCORP MRCB MUH MUIPROP NAIM OIB OSK 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 0.895 1.080 0.440 0.180 0.430 0.480 0.780 1.050 1.580 1.490 2.220 0.715 1.680 0.255 1.280 0.650 2.060 0.765 0.535 0.790 0.410 0.445 1.300 0.440 1.790 0.515 1.050 2.410 2.330 0.465 0.960 0.195 0.055 0.970 1.130 0.405 1.370 1.580 0.240 0.990 1.500 0.710 2.500 1.190 0.515 0.880 0.330 2.510 0.330 0.190 1.110 0.820 0.300 1.870 2.530 1.600 1.420 0.400 1.310 1.730 0.250 1.090 0.700 0.955 0.455 3.030 0.160 0.860 4.810 3.100 0.835 3.010 0.700 0.240 6.230 0.050 1.410 0.085 0.215 0.050 1.450 1.000 1.090 2.330 1.110 1.000 1.890 0.610 -0.010 62.3 0.010 73 0.005 32.7 UNCH 1764.8 UNCH 9 -0.015 13 0.005 5 0.010 33 0.010 144.4 0.020 13.4 -0.020 72.5 -0.025 54.9 -0.040 2170.8 UNCH 446 UNCH 248.7 — — 0.010 12.3 -0.005 38 -0.005 63 -0.010 53 UNCH 10.9 0.010 4573.4 -0.030 48.2 — — UNCH 18.8 0.010 391 — — UNCH 46.2 UNCH 1668.8 0.015 1837.3 0.025 1629.8 -0.005 267.9 UNCH 20871.7 — — UNCH 139.6 0.010 6399.6 UNCH 88 UNCH 425.5 UNCH 341.4 UNCH 41 UNCH 132.8 -0.010 624.5 -0.020 58.8 — — -0.005 40 -0.010 1190.3 0.005 94.5 -0.030 617.1 UNCH 1267.7 — — UNCH 3346.6 0.035 33 UNCH 310 0.060 263.4 — — 0.020 120.6 -0.030 29.1 UNCH 396.8 — — 0.010 14 -0.005 1275.9 UNCH 233.8 0.005 94.9 — — UNCH 84 0.020 27 -0.005 343.8 — — -0.020 13.5 -0.010 6339.8 UNCH 76 -0.020 743.4 UNCH 72.5 UNCH 71.6 — — — — 0.050 1369.8 -0.010 411.6 -0.005 40 UNCH 6757 0.020 3 -0.010 66.2 0.020 6128.7 -0.010 418.4 -0.040 8.9 — — -0.010 492.3 UNCH 91.4 0.900 6.65 1.071 17.79 0.439 — 0.185 0.46 0.430 5.11 0.480 8.41 0.780 50.65 1.075 — 1.580 20.15 1.496 9.50 2.203 17.63 0.723 — 1.694 57.14 0.254 9.17 1.270 44.14 — — 2.060 27.58 0.759 29.20 0.538 4.26 0.790 6.45 0.400 9.60 0.441 4.87 1.302 4.38 — — 1.788 4.29 0.513 11.34 — 11.92 2.372 15.69 2.330 8.26 0.461 10.92 0.961 369.23 0.195 7.77 0.055 — — 7.46 1.125 4.84 0.403 4.63 1.365 6.40 1.573 10.51 0.240 — 0.987 2.20 1.489 10.44 0.706 9.21 2.503 9.64 — 12.12 0.512 — 0.882 7.14 0.334 7.73 2.503 6.46 0.331 13.41 — — 1.116 19.75 0.813 5.19 0.300 — 1.864 25.13 — 11.69 1.591 3.35 1.433 11.07 0.405 — — 10.51 1.730 4.33 0.250 — 1.095 51.42 0.702 12.01 — 9.45 0.456 — 3.046 8.68 0.160 — — 13.50 4.823 3.18 3.092 10.19 0.836 15.32 3.015 7.72 0.700 15.91 0.240 27.59 — 22.64 — 125.00 1.402 6.30 0.090 — 0.218 69.35 0.050 — 1.430 7.15 1.000 7.66 1.093 23.85 2.331 8.04 1.115 10.75 — 6.85 1.898 48.71 0.612 25.31 3.35 1.39 4.55 1.67 — — 1.28 — 3.16 13.42 2.25 — — — — — — — 3.74 5.38 4.88 — 1.54 — 7.26 2.93 3.33 4.15 2.58 — — 1.54 — 3.09 6.19 4.94 3.65 2.22 — 8.08 4.33 4.23 6.06 1.68 — — 6.48 2.79 9.09 — 2.25 — — 1.87 2.96 3.13 5.81 — 5.73 2.60 — 2.75 2.29 3.14 — 7.26 — 2.33 2.49 3.13 — 3.65 7.14 1.38 5.14 — 6.38 — — — 3.10 7.00 1.47 6.44 2.70 8.75 — — 538.4 394.3 129.7 178.7 177.4 99.2 868.2 289.5 443.1 149.0 471.1 221.2 2,116.4 195.4 3,026.3 181.1 280.6 97.9 75.1 575.0 154.0 202.3 910.6 17.6 472.6 510.9 521.2 3,289.2 10,307.1 207.2 642.9 147.9 317.7 186.0 1,145.5 442.8 103.3 889.3 86.8 329.6 3,614.1 318.4 1,412.2 1,588.4 253.7 235.1 84.8 1,052.8 398.4 54.7 2,094.1 46.3 229.2 467.5 366.5 2,244.6 600.6 82.4 692.8 660.1 86.5 152.2 164.4 407.0 100.7 733.6 33.6 416.3 1,652.8 8,148.4 667.0 5,997.4 217.0 1,277.2 466.3 211.0 599.4 28.5 81.0 69.5 522.0 1,447.5 4,945.8 3,543.4 540.6 199.4 834.3 515.1 1.190 -0.040 16 0.020 113 -0.200 1.8 -0.050 6 UNCH 75.2 -0.015 26.9 — — -0.005 162.3 — — -0.020 6421.1 -0.020 149.5 0.010 87.1 0.010 48 — — UNCH 0.4 UNCH 37 — — — — -0.040 10855.2 -0.080 1245.7 — — 0.030 10.7 -0.005 2256.2 -0.010 1990.2 — — — — 0.005 11.8 — — — — 0.005 28 — — UNCH 83.4 — — — — — — UNCH 62.8 — — -0.020 397.9 -0.030 16.5 -0.020 1302.9 0.010 124.2 — — 0.180 1.2 # PE is calculated based on latest 12 months reported Earnings Per Share — 0.71 147.3 0.278 — 17.900 9.98 8.525 227.88 1.478 20.79 0.669 20.75 — 27.33 0.444 90.82 — 15.33 1.503 — 10.606 50.19 1.403 4.82 1.444 32.58 — — 2.375 21.14 3.377 123.64 — — — 16.16 4.374 30.01 23.318 17.76 — — 3.358 14.30 0.598 — 4.060 96.90 — — — — 0.810 41.58 — 6.73 — 53.40 0.245 — — — 0.521 — — 42.71 — — — — 4.096 16.71 — 40.43 0.677 13.99 1.144 20.88 1.668 14.10 1.947 — — 24.76 26.583 18.15 1.193 1.26 2.79 0.24 9.46 2.27 2.03 — 3.27 2.67 0.52 0.71 2.76 9.30 3.31 1.47 1.67 — 1.83 1.93 0.31 3.83 — 2.34 — — 1.79 0.43 1.50 — — — 1.60 0.67 — 1.22 3.95 2.24 1.75 8.98 1.03 2.74 1.50 188.1 7,803.5 794.8 2,368.0 210.2 719.9 376.5 1,081.6 5,472.2 8,380.4 314.3 260.0 159.5 1,936.0 2,994.0 294.5 332.3 28,173.5 24,872.9 202.2 1,057.0 1,115.6 5,713.7 423.9 120.0 165.1 276.0 280.8 36.7 321.8 737.6 243.2 198.3 64.4 1,811.1 532.0 992.7 1,007.6 664.9 2,623.6 1,223.9 5,532.2 — — — 18.86 3.67 — — 2.66 107.4 413.5 246.1 2,318.8 67.01 9.07 — 24.57 — — 18.40 9.97 47.40 11.95 49.14 — 9.03 16.97 57.61 19.15 — 9.34 8.12 — 9.06 — — — — — — 3.77 3.87 1.73 5.30 — — 2.00 3.15 3.77 2.31 — 10.31 0.58 — 3.15 32.0 107.9 43.6 281.6 69.5 84.0 205.4 279.0 357.7 273.5 560.3 172.6 120.8 983.8 53.6 2,926.9 15.4 1,359.9 221.5 116.8 1,534.3 YEAR HIGH YEAR LOW DAY HIGH DAY LOW 1.300 0.890 0.940 0.940 0.495 0.360 0.390 0.385 0.706 0.410 0.525 0.485 0.360 0.210 0.265 0.250 0.915 0.560 0.765 0.740 0.475 0.235 — — 0.100 0.035 0.050 0.040 2.474 1.498 2.380 2.320 3.840 2.684 3.720 3.710 0.932 0.615 0.655 0.655 INFRASTRUCTURE PROJECT COMPANIES 5.648 4.252 4.730 4.650 5.500 3.804 5.500 5.500 1.950 1.010 1.170 1.130 0.575 0.335 0.405 0.385 7.924 5.408 7.230 7.200 1.600 1.400 1.480 1.450 CLOSED-END FUNDS 2.380 2.100 2.300 2.280 EXCHANGE TRADED FUNDS 1.090 1.035 — — 1.805 1.550 1.640 1.640 1.540 1.015 — — 1.785 1.580 — — 1.010 0.900 0.945 0.944 1.015 0.850 0.876 0.874 1.175 0.990 — — 1.075 0.940 — — REITS 1.040 0.875 1.030 1.020 1.580 1.243 1.560 1.530 1.112 0.881 1.010 0.990 0.831 0.672 0.750 0.740 0.910 0.730 0.905 0.885 1.089 0.956 — — 1.710 1.463 1.680 1.670 1.550 1.206 1.550 1.520 1.510 1.321 — — 1.620 1.199 1.580 1.550 7.580 6.718 7.580 7.360 1.170 0.954 1.150 1.140 1.820 1.346 1.720 1.700 1.690 1.376 1.690 1.650 1.230 1.045 — — 1.660 1.397 1.660 1.650 1.080 0.936 1.080 1.070 SPAC 0.705 0.650 0.690 0.690 0.695 0.595 0.685 0.685 0.475 0.415 0.450 0.450 CODE COUNTER CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) 5011 0083 9008 0041 7160 9075 0118 5005 0097 0008 MSNIAGA NOTION OMESTI PANPAGE PENTA THETA TRIVE UNISEM VITROX WILLOW 0.940 0.385 0.525 0.265 0.745 0.360 0.045 2.380 3.720 0.655 UNCH UNCH 0.035 UNCH -0.015 — UNCH 0.030 0.010 -0.005 7 295.2 181 115 892.7 — 722.1 818.2 23.3 5 0.940 0.389 0.491 0.259 0.750 — 0.046 2.348 3.719 0.655 — 34.38 — 14.89 7.48 7.00 — 10.33 17.15 9.52 — — — — — — — 4.20 0.54 3.05 56.8 104.1 204.5 64.0 109.2 38.6 54.4 1,746.5 870.1 162.4 6947 6645 6807 5078 5031 6742 DIGI LITRAK PUNCAK SILKHLD TIMECOM YTLPOWR 4.690 5.500 1.160 0.395 7.210 1.460 -0.010 UNCH 0.030 0.005 -0.020 -0.010 7992.9 3 452.3 1574.9 215 1304.5 4.690 5.500 1.150 0.396 7.218 1.461 22.21 16.44 — — 9.25 12.37 4.48 4.55 — — 0.93 6.85 36,464.8 2,876.1 521.2 277.1 4,150.1 11,828.3 5108 ICAP 2.290 -0.010 14 2.295 14.34 — 320.6 0800EA 0822EA 0823EA 0820EA 0826EA 0825EA 0821EA 0824EA ABFMY1 CIMBA40 CIMBC50 FBMKLCI-EA METFAPA METFSID MYETFDJ MYETFID 1.085 1.640 1.180 1.690 0.944 0.874 1.055 0.990 — 0.015 — — 0.004 0.004 — — — 5 — — 21 9 — — — 1.640 — — 0.945 0.875 — — — — — — — — — — 5.24 4.00 — 1.48 — 2.46 2.25 3.18 1,432.7 2.2 14.6 2.8 17.9 17.5 265.3 21.4 4952 5116 5269 5120 5127 5130 5106 5180 5121 5227 5235SS 5123 5212 5176 5111 5110 5109 AHP ALAQAR ALSREIT AMFIRST ARREIT ATRIUM AXREIT CMMT HEKTAR IGBREIT KLCC MQREIT PAVREIT SUNREIT TWRREIT UOAREIT YTLREIT 1.030 1.530 1.000 0.750 0.900 1.070 1.680 1.530 1.510 1.580 7.360 1.150 1.710 1.660 1.210 1.660 1.080 0.020 -0.030 0.010 0.005 -0.005 — 0.020 -0.020 — UNCH -0.220 UNCH -0.020 -0.020 — 0.010 0.010 6 5 891.1 447.4 330.1 — 55.5 1297.8 — 1741.7 13.3 105.8 140.5 1134.5 — 10 139.3 1.022 8.77 1.548 15.85 0.995 39.22 0.746 7.52 0.900 8.44 — 8.71 1.671 18.79 1.530 12.80 — 138.53 1.563 21.32 7.457 11.70 1.150 10.73 1.711 18.21 1.671 8.71 — 12.09 1.655 6.36 1.079 25.59 6.80 5.03 1.20 6.80 7.30 7.34 5.00 5.62 6.95 5.11 4.74 3.62 4.81 5.49 5.73 6.64 6.96 103.0 1,114.2 580.0 514.8 515.9 130.3 1,847.7 3,103.3 605.0 5,503.7 13,287.3 760.6 5,163.9 4,886.9 339.4 702.0 1,430.3 CLIQ REACH SONA 0.690 0.685 0.450 UNCH UNCH -0.005 104.1 2020 420 0.690 0.685 0.450 — — — — — — 435.3 875.3 634.8 CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) 5234 5256 5241 Ace Market YEAR HIGH YEAR LOW DAY HIGH CONSUMER PRODUCTS 0.450 0.225 0.375 0.315 0.095 0.300 0.429 0.240 0.250 0.075 0.040 0.045 INDUSTRIAL PRODUCTS 0.338 0.172 0.270 0.100 0.045 0.050 0.610 0.365 0.375 0.273 0.094 0.130 0.605 0.260 0.550 0.060 0.040 0.045 0.880 0.355 0.400 0.125 0.070 0.095 0.275 0.110 0.180 0.145 0.085 0.090 0.190 0.120 0.140 0.150 0.060 0.065 0.500 0.293 0.380 0.195 0.105 0.160 0.205 0.120 0.130 0.155 0.085 0.130 0.210 0.120 0.165 0.340 0.115 0.130 0.263 0.161 0.195 TECHNOLOGY 0.260 0.100 0.245 0.615 0.270 0.290 0.245 0.100 0.140 1.600 0.255 — 0.015 0.005 — 1.310 0.750 0.775 0.095 0.005 — 0.080 0.045 0.065 0.095 0.045 0.050 0.150 0.060 0.090 0.355 0.190 0.270 0.095 0.045 0.060 3.150 1.030 1.070 0.060 0.035 0.040 0.125 0.080 0.095 0.155 0.060 0.070 1.393 0.452 0.540 0.150 0.035 0.050 0.300 0.150 0.165 0.854 0.523 0.640 1.060 0.275 1.060 0.350 0.180 0.200 0.080 0.040 0.050 0.260 0.100 0.210 0.325 0.105 0.265 0.230 0.050 0.195 0.970 0.500 0.585 1.950 0.805 1.250 0.588 0.281 0.520 0.135 0.060 0.100 0.075 0.055 0.060 0.787 0.450 0.500 0.295 0.175 0.210 0.315 0.180 0.210 0.195 0.075 0.100 1.058 0.599 0.835 0.060 0.025 0.040 0.115 0.050 0.060 0.170 0.085 0.110 0.900 0.536 0.625 0.319 0.270 0.285 0.730 0.165 0.420 0.110 0.030 0.080 0.325 0.150 0.180 0.150 0.060 0.070 0.728 0.313 0.535 0.125 0.010 — 0.644 0.300 0.315 0.160 0.060 0.060 0.410 0.170 0.185 0.150 0.065 0.090 0.450 0.276 0.430 0.180 0.080 — 0.293 0.150 0.170 0.145 0.100 0.120 0.275 0.140 0.205 0.370 0.075 0.290 0.185 0.065 0.100 0.380 0.025 — 0.235 0.110 0.120 0.560 0.451 0.540 TRADING SERVICES 0.300 0.150 — 0.160 0.095 0.105 0.080 0.035 0.040 0.390 0.196 0.390 0.290 0.180 — 0.600 0.350 0.480 0.760 0.300 — 0.475 0.260 0.325 0.250 0.155 — 0.240 0.140 0.180 0.245 0.120 0.185 0.350 0.260 0.270 0.303 0.168 0.245 0.020 0.005 0.010 0.370 0.130 0.260 0.775 0.445 0.470 0.970 0.480 0.570 2.605 1.659 — 0.273 0.195 0.205 0.485 0.325 0.485 0.055 0.030 0.035 1.478 0.446 1.350 0.215 0.100 0.135 0.705 0.110 0.155 FINANCE 0.570 0.390 0.425 DAY LOW CODE COUNTER 0.370 0.290 0.245 0.040 0179 0170 0148 0095 BIOHLDG KANGER SUNZEN XINGHE 0.370 0.295 0.250 0.040 -0.010 -0.005 Unch -0.005 2730.9 3043.7 55 3998 0.371 0.294 0.250 0.041 23.72 17.66 — 1.10 — — 1.84 2.50 185.0 235.5 119.8 93.9 0.255 0.045 0.370 0.120 0.540 0.040 0.390 0.095 0.175 0.090 0.140 0.060 0.375 0.155 0.120 0.125 0.165 0.125 0.190 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 0.265 0.045 0.375 0.120 0.545 0.045 0.395 0.095 0.180 0.090 0.140 0.060 0.375 0.160 0.130 0.130 0.165 0.125 0.195 0.010 -0.005 0.005 Unch Unch 0.005 -0.005 Unch 0.005 Unch -0.005 Unch -0.005 Unch 0.005 Unch 0.010 Unch 0.005 3747.6 496.4 1164.8 2543.6 315.2 55.2 1119.2 609 370 734 15 1583.8 150 280 2926.2 415 2 324.2 45 0.263 0.049 0.371 0.123 0.544 0.040 0.395 0.095 0.179 0.090 0.140 0.061 0.379 0.157 0.125 0.127 0.165 0.127 0.191 13.45 — 22.19 9.38 15.89 — 26.33 — — — — — 9.59 14.81 11.82 10.66 — — 13.00 2.26 — 0.80 — — — 0.84 — — 5.56 — — 1.87 — — 3.08 — — 2.56 70.1 19.5 149.4 26.0 112.0 36.0 121.9 31.7 24.4 102.9 33.9 16.7 83.6 24.1 37.2 31.6 91.7 26.9 33.4 0.225 0.275 0.125 — — 0.765 — 0.055 0.050 0.085 0.265 0.055 1.030 0.040 0.095 0.065 0.505 0.045 0.155 0.640 0.975 0.200 0.050 0.205 0.135 0.170 0.510 1.230 0.495 0.095 0.060 0.495 0.210 0.200 0.100 0.820 0.040 0.055 0.100 0.615 0.280 0.400 0.075 0.180 0.065 0.525 — 0.310 0.060 0.180 0.080 0.425 — 0.155 0.115 0.195 0.280 0.095 — 0.120 0.540 0018 0181 0119 0068 0039 0098 0022 0152 0131 0154 0107 0116 0104 0045 0074 0174 0023 0094 0010 0146 0127 0111 0036 0176 0017 0075 0155 0126 0112 0085 0034 0113 0103 0156 0092 0108 0020 0096 0026 0035 0040 0079 0005 0123 0007 0106 0135 0178 0060 0117 0169 0093 0129 0050 0132 0120 0069 0066 0141 0086 0009 ACCSOFT AEMULUS APPASIA ASDION ASIAEP BAHVEST CYBERT DGB DGSB EAH EDUSPEC FOCUS GENETEC GNB GOCEAN IDMENSN IFCAMSC INIX IRIS JFTECH JHM K1 KGROUP KRONO M3TECH MEXTER MGRC MICROLN MIKROMB MLAB MMAG MMSV MNC MPAY MTOUCHE N2N NETX NEXGRAM NOVAMSC OPCOM OPENSYS ORION PALETTE PRIVA PUC REXIT SCN SEDANIA SKH SMRT SMTRACK SOLUTN SRIDGE SYSTECH TDEX VIS VIVOCOM VSOLAR WINTONI YGL YTLE 0.235 0.285 0.125 0.275 0.010 0.775 0.005 0.060 0.050 0.090 0.270 0.060 1.050 0.040 0.095 0.065 0.525 0.045 0.155 0.640 1.050 0.200 0.050 0.205 0.135 0.180 0.585 1.230 0.495 0.100 0.060 0.500 0.210 0.200 0.100 0.825 0.040 0.060 0.110 0.620 0.285 0.420 0.075 0.180 0.065 0.535 0.010 0.310 0.060 0.180 0.085 0.425 0.130 0.165 0.115 0.200 0.280 0.100 0.025 0.120 0.540 -0.005 0.010 Unch — — 0.005 — -0.005 -0.005 0.005 Unch 0.005 -0.020 0.005 -0.005 Unch 0.020 Unch -0.010 0.060 0.085 0.005 Unch Unch -0.105 0.005 0.035 Unch -0.005 -0.005 Unch 0.005 Unch Unch -0.005 -0.055 Unch 0.005 0.010 -0.010 0.005 0.015 -0.005 -0.005 -0.005 -0.005 — 0.005 Unch Unch Unch -0.005 — 0.005 Unch -0.010 -0.010 Unch — Unch Unch 851.1 3066.7 400.2 — — 20 — 22447.4 941 1752 70 180 204.3 13 1378.2 457.6 20384.5 1155.1 9883.2 3 3295.4 1370.8 68.6 536.7 94583.8 5912.9 9.1 69.1 3133.2 1899.3 200 215 20 983.3 2674.8 67.5 14133.5 2582.2 1406.7 78.5 1314.4 2216.3 1577 538 1026.5 39.1 — 540 558 393.7 851.1 568.5 — 1153.2 235.9 233 23188.4 8448.9 — 103.8 52.4 0.238 — 0.282 22.09 0.134 — — — — — 0.772 215.28 — — 0.061 — 0.050 71.43 0.085 — 0.266 23.89 0.056 — 1.056 4.91 0.040 16.00 0.095 — 0.066 — 0.524 36.97 0.046 — 0.160 21.83 0.640 46.38 1.019 20.00 0.200 7.84 0.050 — 0.205 15.89 0.189 — 0.182 — 0.569 17.36 1.238 17.47 0.506 15.57 0.098 — 0.060 — 0.500 10.08 0.210 — 0.204 — 0.100 — 0.829 36.83 0.040 — 0.055 3.90 0.103 157.14 0.621 11.38 0.283 11.54 0.409 — 0.079 10.14 0.180 40.00 0.066 50.00 0.531 13.65 — — 0.312 25.20 0.060 — 0.181 — 0.085 — 0.426 15.45 — — 0.163 40.24 0.115 — 0.199 — 0.282 19.31 0.097 — — — 0.120 — 0.540 20.93 — — — — — — — — — — — — — — — — 1.90 — — 1.56 — 2.50 — — — — — — 2.22 — — 4.00 — — — 2.42 — — — 3.23 3.09 — — 1.11 — 3.74 — — — — — 2.35 — 3.64 — — — — — — 7.41 150.5 125.1 35.1 32.0 8.1 337.1 0.5 29.3 67.8 134.2 244.9 45.3 36.9 11.6 25.0 32.2 319.4 18.8 346.1 80.6 129.2 94.5 37.0 48.6 26.6 35.4 55.0 187.1 151.4 18.7 57.2 81.5 19.8 142.1 23.2 393.0 50.0 113.0 65.6 100.0 84.9 50.8 24.0 100.5 70.4 101.3 2.0 62.0 33.3 51.4 27.2 85.0 15.7 52.4 43.2 22.1 724.4 30.4 12.8 23.2 729.0 — 0.105 0.035 0.325 — 0.470 — 0.290 — 0.180 0.185 0.260 0.235 0.010 0.240 0.455 0.560 — 0.200 0.485 0.035 1.270 0.135 0.145 0122 0048 0150 0011 0157 0081 0147 0180 0167 0153 0177 0006 0171 0110 0080 0032 0173 0158 0161 0137 0140 0089 0145 0165 AIM ANCOMLB ASIABIO BTECH FOCUSP IDEAL INNITY KTC MCLEAN OVERSEA PASUKGB PINEAPP PLABS RA RAYA REDTONE REV SCC SCH STEMLFE STERPRO TEXCYCL TFP XOX 0.250 0.105 0.040 0.385 0.195 0.480 0.600 0.320 0.160 0.180 0.185 0.270 0.240 0.010 0.250 0.465 0.560 2.010 0.205 0.485 0.035 1.300 0.135 0.150 — Unch Unch 0.050 — 0.005 — 0.030 — Unch Unch 0.010 Unch Unch Unch Unch 0.005 — -0.005 Unch Unch 0.040 Unch Unch — 13.5 245 5934.1 — 162 — 8228.2 — 10 20 25 1457 573.3 6187.4 55 41.5 — 70 20 145 1014.7 20 5311.4 — 0.105 0.036 0.359 — 0.473 — 0.310 — 0.180 0.185 0.265 0.240 0.010 0.252 0.465 0.561 — 0.202 0.485 0.035 1.300 0.135 0.150 92.59 — — 17.58 24.38 20.69 28.44 19.39 11.43 — 71.15 — 14.20 — — — 21.96 13.42 30.60 — — 29.61 54.00 13.04 — — — 3.27 5.13 — — — — 1.67 — — 2.92 — — 0.43 — 2.49 7.32 — — 0.58 — — 66.5 49.7 38.1 97.0 32.2 90.9 83.0 163.3 28.6 44.1 60.0 13.1 49.6 9.7 35.9 352.2 75.4 86.0 84.5 120.0 34.6 222.0 27.7 83.5 0.420 0053 OSKVI 0.420 -0.005 0.3 0.422 — 4.76 83.0 T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 28 Markets T HU B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S Bursa Malaysia Equity Derivatives Main Market & Ace Market Warrants YEAR HIGH YEAR LOW DAY HIGH DAY LOW CODE 0.340 0.035 0.280 0.265 5238WA 0.085 0.020 0.040 0.035 7086WA 0.170 0.050 0.170 0.150 0018WA 0.150 0.060 0.135 0.125 7315WB 1.190 0.320 1.190 1.180 0.470 0.085 0.470 0.410 0.060 0.605 WARRANTS VOL PARENT EXE (‘000) PRICE PRICE PR’M (%) YEAR LOW DAY HIGH DAY LOW CODE WARRANTS 0.030 0.010 0.015 0.060 0.030 0.040 1.160 0.805 0.330 CLOSE (RM) +/(RM) VOL PARENT EXE (‘000) PRICE PRICE PR’M (%) EXPIRY DATE 0.015 0109WB FLONIC-WB 0.015 Unch 766 0.045 0.050 44.44 06/11/2019 0.040 0116WC FOCUS-WC 0.040 0.005 20 0.060 0.050 50.00 06/11/2019 1.020 0.995 5398WE GAMUDA-WE 0.995 -0.015 1378.7 4.900 4.050 2.96 06/03/2021 0.085 0.220 0.210 5226WA GBGAQRS-WA 0.220 0.005 1059.2 0.955 1.300 59.16 20/07/2018 CLOSE (RM) +/(RM) AAX-WA 0.270 -0.005 19472.7 0.390 0.460 87.18 08/06/2020 3.200 1.500 2.750 2.750 2291WA GENP-WA 2.750 Unch 4.5 10.600 7.750 -0.94 17/06/2019 ABLEGRP-WA 0.035 0.005 75.1 0.105 0.150 76.19 19/01/2017 0.580 0.185 0.320 0.295 318225 GENTINGC25 0.300 -0.020 1205.6 8.380 7.000 1.43 18/07/2016 ACCSOFT-WA 0.150 -0.010 2438.5 0.235 0.100 6.38 18/01/2019 0.220 0.090 0.105 0.100 318229 GENTINGC29 0.105 -0.005 182 8.380 9.300 21.63 30/11/2016 AHB-WB 0.135 Unch 1367.2 0.225 0.200 48.89 28/08/2019 2.380 0.530 1.690 1.630 3182WA GENTING-WA 1.650 -0.020 890 8.380 7.960 14.68 18/12/2018 509926 AIRASIAC26 1.190 0.050 41 2.660 0.900 0.94 18/07/2016 0.265 0.125 0.155 0.140 1147WA GOB-WA 0.150 0.010 713 0.445 0.800 113.48 24/12/2019 0.465 509927 AIRASIAC27 0.465 0.015 105 2.660 1.280 0.56 28/10/2016 0.100 0.020 0.050 0.045 0074WA GOCEAN-WA 0.045 -0.005 77 0.095 0.340 305.26 07/08/2019 0.410 0.405 509928 AIRASIAC28 0.410 0.040 26 2.660 1.480 1.88 28/10/2016 0.055 0.025 0.030 0.030 7096WA GPA-WA 0.030 Unch 105.9 0.095 0.100 36.84 03/06/2025 0.185 0.605 0.580 509930 AIRASIAC30 0.605 0.050 190.3 2.660 2.000 20.68 31/01/2017 0.090 0.005 0.010 0.010 7022CG GTRONIC-CG 0.010 Unch 45 3.490 6.300 82.23 30/09/2016 0.365 0.060 0.365 0.340 509931 AIRASIAC31 0.360 0.030 4182.6 2.660 1.500 1.05 15/08/2016 0.710 0.145 0.685 0.680 3034CN HAPSENG-CN 0.680 0.005 20 7.700 5.000 0.26 30/08/2016 0.480 0.125 0.480 0.465 509932 AIRASIAC32 0.480 0.010 412.5 2.660 1.500 1.50 30/09/2016 0.315 0.220 0.260 0.260 3034CR HAPSENG-CR 0.260 Unch 86.7 7.700 6.600 2.60 30/11/2016 0.315 0.110 0.315 0.285 509933 AIRASIAC33 0.305 0.025 35822.8 2.660 2.100 7.61 28/10/2016 6.200 3.100 6.010 5.980 3034WA HAPSENG-WA 5.980 Unch 29.9 7.700 1.650 -0.91 09/08/2016 0.300 0.125 0.300 0.280 509934 AIRASIAC34 0.300 0.020 4599.8 2.660 2.000 9.02 28/02/2017 0.120 0.015 0.015 0.015 5168CS HARTA-CS 0.015 Unch 30 4.150 6.000 47.47 31/01/2017 0.315 0.190 0.315 0.300 509935 AIRASIAC35 0.315 0.015 2601.9 2.660 2.000 10.71 17/02/2017 1.510 0.625 1.040 1.020 5095WB HEVEA-WB 1.040 Unch 497.3 1.280 0.250 0.78 28/02/2020 0.105 0.005 0.060 0.060 9342WA ANZO-WA 0.060 -0.005 305.1 0.220 0.250 40.91 19/11/2019 0.190 0.017 0.185 0.165 5072WA HIAPTEK-WA 0.165 -0.015 1821.7 0.300 0.690 185.00 09/01/2017 0.095 0.015 0.020 0.020 5194WA APFT-WA 0.020 Unch 21 0.050 0.400 740.00 13/07/2018 0.810 0.360 0.380 0.380 5169WA HOHUP-WA 0.380 -0.015 5 0.840 0.600 16.67 21/12/2018 0.165 0.050 0.100 0.080 0119WA APPASIA-WA 0.100 0.010 277.7 0.125 0.130 84.00 23/12/2024 0.345 0.195 0.225 0.210 7213WB HOVID-WB 0.210 -0.015 688 0.400 0.180 -2.50 05/06/2018 0.100 0.005 0.020 0.010 521011 ARMADA-C11 0.020 0.010 10335.7 0.740 1.000 40.54 07/10/2016 0.840 0.010 0.035 0.030 65119 HSI-C19 0.035 0.010 269.9 11,129 22,800 105.15 29/06/2016 0.050 0.015 0.025 0.025 521014 ARMADA-C14 0.025 0.005 100 0.740 0.950 35.14 30/09/2016 1.210 0.095 0.295 0.245 65120 HSI-C20 0.270 -0.010 13218.7 11,129 21,400 0.135 0.055 0.105 0.095 521015 ARMADA-C15 0.100 0.015 1605 0.740 0.800 21.62 28/02/2017 0.630 0.160 0.365 0.330 65121 HSI-C21 0.355 Unch 3622.5 0.075 0.050 0.070 0.060 521016 ARMADA-C16 0.065 0.010 738.4 0.740 0.800 23.04 30/11/2016 1.000 0.365 0.740 0.725 65122 HSI-C22 0.740 -0.010 117.1 0.080 0.050 0.080 0.065 521017 ARMADA-C17 0.075 0.015 6756.2 0.740 0.850 30.07 22/02/2017 0.550 0.200 0.435 0.415 65130 HSI-C30 0.425 0.010 0.130 0.005 0.010 0.010 5210C6 ARMADA-C6 0.010 Unch 1660 0.740 1.000 37.84 30/08/2016 0.540 0.220 0.430 0.420 65136 HSI-C36 0.420 -0.005 0.155 0.020 0.035 0.030 5210C8 ARMADA-C8 0.030 Unch 1397 0.740 0.880 29.05 28/11/2016 1.310 0.170 0.190 0.170 65125 HSI-H25 0.185 0.005 0.135 0.010 0.025 0.020 5210C9 ARMADA-C9 0.025 0.005 170 0.740 0.980 40.88 28/11/2016 1.650 0.405 0.440 0.405 65127 HSI-H27 0.420 0.175 0.095 0.170 0.155 0105WA ASIAPLY-WA 0.160 0.005 9780.3 0.265 0.100 -1.89 13/12/2020 0.735 0.110 0.130 0.110 65129 HSI-H29 0.110 0.050 0.025 0.035 0.035 7070WB ASUPREM-WB 0.035 Unch 36 0.135 0.200 74.07 20/06/2018 1.500 0.450 0.460 0.450 65133 HSI-H33 0.050 0.020 0.025 0.020 0072WA AT-WA 0.020 -0.005 300 0.045 0.120 211.11 29/01/2019 0.600 0.255 0.265 0.255 65135 HSI-H35 0.380 0.150 0.315 0.305 7078WA AZRB-WA 0.310 -0.005 138 0.685 0.700 47.45 13/05/2024 0.915 0.415 0.415 0.415 65137 0.210 0.080 0.140 0.140 7241WA BHS-WA 0.140 -0.005 450 0.435 0.600 70.11 18/10/2020 1.270 0.695 0.725 0.695 0.485 0.225 0.340 0.330 5258WA BIMB-WA 0.340 0.005 242 4.120 4.720 22.82 04/12/2023 0.880 0.435 0.435 0.310 0.090 0.125 0.125 6998WA BINTAI-WA 0.125 Unch 150 0.235 0.200 38.30 15/06/2020 0.640 0.345 0.185 0.160 0.170 0.160 5248CN BJAUTO-CN 0.170 Unch 26 2.280 2.200 11.40 28/02/2017 0.230 0.040 0.105 0.035 0.035 0.035 3395CZ BJCORP-CZ 0.035 Unch 54.5 0.370 0.370 9.46 31/10/2016 0.010 0.160 0.095 0.140 0.130 3395WB BJCORP-WB 0.140 0.005 540 0.370 1.000 208.11 22/04/2022 0.360 0.165 0.100 0.165 0.100 3395WC BJCORP-WC 0.165 0.160 31 0.370 1.000 214.86 29/05/2026 0.065 0.035 0.050 0.050 7187WA BKOON-WA 0.050 Unch 110 0.110 0.200 127.27 07/07/2023 0.105 0.065 0.085 0.080 7036WC BORNOIL-WC 0.080 -0.005 3130.1 0.145 0.100 24.14 EXPIRY DATE YEAR HIGH 94.47 29/06/2016 11,129 22,000 100.55 28/07/2016 11,128 20,600 91.09 28/07/2016 49.5 11,129 22,400 104.71 29/09/2016 6 11,129 23,200 111.86 28/10/2016 744.5 11,129 19,000 72.22 28/07/2016 -0.005 1593.7 11,129 20,400 86.70 28/07/2016 -0.030 40.2 11,128 17,000 53.65 30/08/2016 0.460 -0.010 250 11,129 19,800 81.63 30/08/2016 0.260 Unch 170 11,129 17,800 62.04 29/09/2016 HSI-H37 0.415 -0.005 20 11,129 19,200 75.88 29/09/2016 65139 HSI-H39 0.710 Unch 93.5 11,128 20,600 90.85 29/09/2016 0.435 65141 HSI-H41 0.435 -0.020 200 11,129 18,600 70.65 28/10/2016 0.345 0.345 65147 HSI-H47 0.345 -0.005 50 11,129 18,000 0.045 0.045 6238CD HSL-CD 0.045 Unch 22.2 0.005 0.005 0.005 7013WB HUBLINE-WB 0.005 Unch 15 0.155 0.170 0.170 4251WA IBHD-WA 0.170 Unch 5 0.250 0.160 0.250 0.240 9687WB IDEALUBB-WB 0.250 0.010 29.4 0.825 1.000 51.52 30/03/2021 0.140 0.085 0.100 0.090 5225CZ IHH-CZ 0.090 Unch 170 6.440 6.670 9.16 28/02/2017 08/11/2025 0.435 0.085 0.175 0.150 0166CJ INARI-CJ 0.150 -0.030 2240.8 3.060 2.640 1.96 18/07/2016 64.53 29/11/2016 2.000 21.62 11/11/2016 0.010 0.010 50.00 20/12/2020 0.515 1.410 206.80 08/10/2019 1.700 Sin clo SIN hig con sto wa ove and Re sup fro hig 4.5 En 11.8 it h US its S$ mo Sin adv ge see cen ea S$ 0.185 0.075 0.075 0.075 9938WB BRIGHT-WB 0.075 -0.005 37.6 0.310 0.820 188.71 12/01/2019 0.215 0.040 0.075 0.075 0166CL INARI-CL 0.075 0.010 10 3.060 2.864 9.28 28/10/2016 0.330 0.070 0.095 0.090 7188WB BTM-WB 0.090 -0.005 16.6 0.225 0.200 28.89 23/10/2024 2.320 0.813 1.510 1.450 0166WB INARI-WB 1.470 -0.010 222.9 3.060 1.600 0.33 17/02/2020 0.285 0.040 0.050 0.045 0163WA CAREPLS-WA 0.050 0.010 1937.1 0.375 0.320 -1.33 09/08/2016 0.040 0.010 0.015 0.015 0094WA INIX-WA 0.015 Unch 445 0.045 0.100 155.56 16/11/2020 0.505 0.255 0.390 0.380 7076WA CBIP-WA 0.390 0.010 127.3 2.090 2.400 33.49 06/11/2019 0.315 0.150 0.180 0.170 3379WB INSAS-WB 0.175 Unch 280.3 0.685 1.000 71.53 25/02/2020 0.290 0.135 0.165 0.160 102311 CIMB-C11 0.160 0.005 63 4.540 4.500 10.40 30/08/2016 0.225 0.040 0.080 0.070 1961C9 IOICORP-C9 0.070 -0.005 12 4.360 4.700 13.42 30/12/2016 0.160 0.040 0.075 0.075 0102WA CONNECT-WA 0.075 -0.005 597.8 0.120 0.100 45.83 17/09/2021 0.090 0.020 0.055 0.045 7183WA IRETEX-WA 0.045 -0.005 1323.8 0.265 0.800 218.87 10/06/2019 0.045 0.010 0.010 0.010 5214WA CSL-WA 0.010 -0.005 160 0.095 1.150 1,122.0 18/09/2017 0.150 0.030 0.115 0.095 5175WA IVORY-WA 0.110 0.015 7350.3 0.465 0.750 84.95 26/04/2017 0.090 0.020 0.050 0.040 0051WA CUSCAPI-WA 0.040 Unch 1541.1 0.100 0.270 210.00 24/04/2018 0.150 0.010 0.010 0.010 5161CV JCY-CV 0.010 Unch 30 0.655 0.950 48.09 07/10/2016 0.120 0.020 0.020 0.020 5141CT DAYANG-CT 0.020 Unch 30 1.150 1.580 44.35 28/11/2016 0.150 0.065 0.085 0.085 9083WB JETSON-WB 0.085 Unch 40.1 0.230 0.750 263.04 06/02/2019 0.055 0.010 0.015 0.015 5141CV DAYANG-CV 0.015 0.005 150 1.150 1.780 59.35 28/11/2016 0.120 0.050 0.075 0.075 8923WA JIANKUN-WA 0.075 -0.010 93 0.255 0.320 54.90 23/12/2021 0.155 0.030 0.030 0.030 5141CW DAYANG-CW 0.030 -0.005 550 1.150 1.500 36.96 07/10/2016 0.935 0.120 0.445 0.415 7167WA JOHOTIN-WA 0.430 0.020 715.8 1.870 2.280 44.92 21/11/2017 0.265 0.125 0.185 0.175 7212WA DESTINI-WA 0.180 Unch 608.5 0.605 0.400 -4.13 03/10/2016 0.370 0.065 0.080 0.080 4383CE JTIASA-CE 0.080 Unch 261 1.200 1.100 5.00 18/07/2016 0.030 0.010 0.025 0.015 0152WA DGB-WA 0.015 -0.010 6245.6 0.060 0.110 108.33 22/04/2018 0.130 0.040 0.045 0.045 4383CJ JTIASA-CJ 0.045 Unch 50 1.200 1.500 36.25 30/09/2016 0.115 0.015 0.025 0.025 7277C5 DIALOG-C5 0.025 -0.005 15.4 1.540 1.500 1.46 29/07/2016 0.125 0.055 0.055 0.055 5247CP KAREX-CP 0.055 Unch 100 2.230 2.533 23.47 23/11/2016 0.450 0.255 0.340 0.330 7277WA DIALOG-WA 0.340 0.005 157.3 1.540 1.190 -0.65 10/02/2017 3.000 1.300 2.300 2.280 7216WA KAWAN-WA 2.300 Unch 24.1 3.310 0.930 -2.42 28/07/2016 0.065 0.020 0.035 0.035 694711 DIGI-C11 0.035 0.005 100 4.690 5.400 18.12 28/10/2016 0.025 0.010 0.015 0.015 3115WC KBUNAI-WC 0.015 Unch 308.2 0.055 0.131 165.45 20/10/2023 0.160 0.120 0.160 0.160 694713 DIGI-C13 0.160 0.010 50 4.690 4.500 9.59 22/02/2017 1.470 0.350 1.230 1.210 7161WA KERJAYA-WA 1.210 -0.040 115 1.990 0.880 5.03 20/12/2017 0.125 0.005 0.005 0.005 6947C7 DIGI-C7 0.005 Unch 330 4.690 5.000 7.46 18/07/2016 0.300 0.010 0.015 0.010 3565WE KEURO-WE 0.010 -0.005 1074.4 0.915 1.180 30.05 26/08/2016 0.225 0.010 0.020 0.020 6947C9 DIGI-C9 0.020 Unch 30 4.690 5.100 9.81 30/09/2016 0.040 0.005 0.010 0.010 8303WA KFM-WA 0.010 -0.010 150 0.095 0.510 447.37 19/10/2016 0.105 0.030 0.035 0.035 0029WA DIGISTA-WA 0.035 -0.005 20.4 0.165 0.130 0.00 07/02/2017 0.865 0.260 0.760 0.735 5171WA KIMLUN-WA 0.745 0.015 431.8 1.830 1.680 32.51 12/03/2024 0.090 0.045 0.055 0.050 0029WB DIGISTA-WB 0.055 0.005 36 0.165 0.260 90.91 04/04/2023 0.165 0.065 0.085 0.080 7164WA KNM-WA 0.080 Unch 5888 0.465 0.980 127.96 15/11/2017 0.110 0.065 0.095 0.090 7114WA DNONCE-WA 0.095 0.005 330 0.255 0.250 35.29 25/11/2020 0.190 0.090 0.130 0.130 7164WB KNM-WB 0.130 Unch 438 0.465 1.000 143.01 21/04/2020 0.255 0.145 0.165 0.145 5265WA DOLPHIN-WA 0.160 0.015 637.1 0.625 0.800 53.60 29/03/2021 0.585 0.130 0.210 0.180 7017WB KOMARK-WB 0.185 -0.015 2961.7 0.415 0.300 16.87 21/01/2020 0.420 0.215 0.230 0.230 7169WA DOMINAN-WA 0.230 Unch 39.3 1.140 1.300 34.21 10/09/2020 0.235 0.005 0.005 0.005 7153CK KOSSAN-CK 0.005 -0.005 25 6.530 7.500 15.62 18/07/2016 0.105 0.030 0.055 0.050 7198WB DPS-WB 0.050 -0.005 1097 0.095 0.100 57.89 15/01/2025 0.700 0.470 0.650 0.640 5878WB KPJ-WB 0.650 0.010 196.3 4.360 4.010 6.88 23/01/2019 0.110 0.005 0.015 0.005 161916 DRBHCOMC16 0.015 Unch 2123.2 0.985 1.400 45.18 30/08/2016 0.190 0.045 0.045 0.045 5038CF KSL-CF 0.045 -0.015 20 1.130 1.400 27.88 11/11/2016 0.050 0.005 0.010 0.005 161918 DRBHCOMC18 0.005 -0.005 1971.2 0.985 1.300 33.25 29/07/2016 1.030 0.290 0.310 0.310 5038WA KSL-WA 0.310 -0.005 4 1.130 0.800 -1.77 19/08/2016 0.215 0.020 0.165 0.105 161919 DRBHCOMC19 0.135 -0.020 29820.8 0.985 1.000 15.23 30/11/2016 0.640 0.260 0.330 0.300 8494WA LBICAP-WA 0.330 0.030 6 1.370 1.000 -2.92 17/04/2018 0.115 0.020 0.060 0.045 161920 DRBHCOMC20 0.045 -0.010 30414.9 0.985 1.100 23.10 30/11/2016 0.620 0.300 0.555 0.545 5789WA LBS-WA 0.555 -0.005 80 1.580 1.000 -1.58 11/06/2018 Y H 0.210 0.030 0.130 0.090 161921 DRBHCOMC21 0.095 -0.015 8761.7 0.985 0.950 10.91 15/12/2016 0.450 0.215 0.390 0.385 5789WB LBS-WB 0.385 -0.015 300.6 1.580 1.250 3.48 04/10/2020 0 0.140 0.070 0.140 0.125 161922 DRBHCOMC22 0.125 -0.015 1974 0.985 1.000 20.56 17/02/2017 0.065 0.005 0.010 0.010 3581WB LIONCOR-WB 0.010 -0.010 35.2 0.030 1.000 3,267.0 12/04/2019 0 0.145 0.075 0.090 0.090 5216CN DSONIC-CN 0.090 Unch 100 1.350 1.450 24.07 23/11/2016 0.045 0.025 0.040 0.035 5068WA LUSTER-WA 0.035 -0.005 8168.6 0.080 0.100 68.75 03/06/2022 0 0.105 0.065 0.080 0.080 5216CO DSONIC-CO 0.080 0.010 64 1.350 1.550 29.63 28/10/2016 0.045 0.025 0.045 0.040 5068WB LUSTER-WB 0.040 Unch 3970 0.080 0.100 75.00 26/05/2023 0 0.100 0.075 0.080 0.075 3417C3 E&O-C3 0.075 -0.025 300 1.680 1.680 8.93 28/07/2016 0.130 0.045 0.075 0.075 8583C2 MAHSING-C2 0.075 -0.005 1.8 1.500 1.450 1.67 30/09/2016 2 0.155 0.065 0.115 0.110 3417C4 E&O-C4 0.110 Unch 100 1.680 1.500 8.93 23/11/2016 0.220 0.100 0.135 0.130 8583WC MAHSING-WC 0.135 Unch 20.2 1.500 2.100 49.00 21/02/2020 1 0.330 0.110 0.230 0.205 3417WB E&O-WB 0.205 -0.015 313.4 1.680 2.600 66.96 21/07/2019 0.185 0.080 0.100 0.080 5264CN MALAKOF-CN 0.100 -0.005 4 1.610 1.600 8.70 30/12/2016 0 0.090 0.025 0.050 0.045 0154WC EAH-WC 0.050 0.010 1620 0.090 0.100 66.67 18/06/2019 0.290 0.105 0.120 0.115 6181WB MALTON-WB 0.120 0.010 242 0.710 1.000 57.75 29/06/2018 0 0.200 0.080 0.130 0.120 3557WC ECOFIRS-WC 0.130 -0.005 52 0.255 0.300 68.63 10/09/2019 0.170 0.035 0.050 0.050 6012CT MAXIS-CT 0.050 0.005 15 5.750 6.300 12.17 30/12/2016 0 0.595 0.340 0.385 0.385 8206WA ECOWLD-WA 0.385 -0.005 50.4 1.280 2.080 92.58 26/03/2022 0.105 0.020 0.020 0.020 115517 MAYBANKC17 0.020 -0.005 1065 8.270 8.200 1.57 18/07/2016 0 0.190 0.095 0.150 0.115 1368CG EDGENTA-CG 0.115 -0.025 115 3.400 3.230 8.53 31/10/2016 0.330 0.100 0.130 0.110 115518 MAYBANKC18 0.115 -0.020 4886.2 8.270 8.350 5.83 15/08/2016 0 1.480 0.185 1.210 1.110 0065WA EFORCE-WA 1.130 -0.040 1307.8 1.730 0.680 4.62 17/07/2019 0.235 0.100 0.105 0.105 115519 MAYBANKC19 0.105 Unch 345.3 8.270 8.600 7.16 30/12/2016 0 0.815 0.390 0.605 0.565 8907WC EG-WC 0.575 0.005 3175.9 0.905 0.500 18.78 03/11/2020 0.350 0.155 0.320 0.295 5152WA MBL-WA 0.295 -0.025 72.5 0.880 0.800 24.43 28/11/2022 2 0.065 0.020 0.025 0.025 7182WA EKA-WA 0.025 -0.005 993.5 0.090 0.200 150.00 22/01/2019 0.405 0.130 0.330 0.315 1694WB MENANG-WB 0.315 -0.015 579.2 0.880 1.000 49.43 09/07/2019 5 0.840 0.180 0.600 0.580 8877WB EKOVEST-WB 0.600 0.025 221 1.520 1.350 28.29 25/06/2019 0.185 0.010 0.145 0.130 0075WA MEXTER-WA 0.135 -0.005 13514.3 0.180 0.130 47.22 17/09/2018 0 0.625 0.300 0.345 0.340 5056WA ENGTEX-WA 0.340 -0.010 326.4 1.150 0.830 1.74 25/10/2017 0.465 0.305 0.435 0.415 3069WA MFCB-WA 0.415 -0.020 242.1 1.840 2.220 43.21 08/04/2020 0 0.860 0.235 0.345 0.340 7249WA EWEIN-WA 0.345 0.005 280.7 0.935 0.610 2.14 09/06/2017 0.320 0.100 0.130 0.115 3662WB MFLOUR-WB 0.125 0.010 646.3 1.290 2.060 69.38 09/05/2017 0 0.230 0.060 0.195 0.190 7047WB FAJAR-WB 0.190 -0.005 107.8 0.570 0.700 56.14 24/09/2019 0.120 0.030 0.045 0.045 5026WA MHC-WA 0.045 Unch 2 0.840 1.560 91.07 28/07/2017 0 0.285 0.085 0.175 0.165 9776WB FARMBES-WB 0.165 -0.015 38 0.680 1.000 71.32 13/07/2018 0.150 0.025 0.040 0.035 3816C5 MISC-C5 0.040 Unch 6 7.620 8.600 16.01 30/12/2016 0 0.195 0.010 0.015 0.015 0650C4 FBMKLCI-C4 0.015 Unch 50 1,657 1,700 3.15 29/07/2016 0.760 0.280 0.690 0.670 9571WC MITRA-WC 0.685 0.015 173.4 1.350 0.600 -4.81 04/07/2016 0 0.405 0.130 0.185 0.180 65046 FBMKLCI-C46 0.180 -0.010 30 1,657 1,640 2.18 29/07/2016 0.605 0.235 0.550 0.530 9571WD MITRA-WD 0.540 Unch 389.4 1.350 1.090 20.74 23/08/2020 0 0.190 0.070 0.090 0.085 65048 FBMKLCI-C48 0.085 -0.005 361.6 1,657 1,600 0.10 30/08/2016 1.260 0.500 0.920 0.900 6114WB MKH-WB 0.900 -0.035 36.5 2.510 1.890 11.16 29/12/2017 0 0.135 0.055 0.085 0.075 65050 FBMKLCI-C50 0.075 -0.005 168 1,657 1,650 2.69 30/08/2016 0.100 0.020 0.060 0.050 0085WA MLAB-WA 0.060 0.005 13015.6 0.100 0.100 60.00 24/04/2020 0 0.200 0.085 0.105 0.105 65054 FBMKLCI-C54 0.105 Unch 231.5 1,657 1,595 0.65 30/09/2016 0.360 0.115 0.295 0.220 7595WA MLGLOBAL-WA 0.250 0.015 12.4 0.635 0.500 18.11 27/10/2019 0 0.090 0.025 0.030 0.025 65056 FBMKLCI-C56 0.030 -0.005 1369 1,657 1,710 4.41 31/10/2016 0.080 0.040 0.080 0.065 1651C7 MRCB-C7 0.070 0.005 2322.9 1.110 1.220 22.52 31/03/2017 0 0.075 0.025 0.045 0.045 65058 FBMKLCI-C58 0.045 0.005 20 1,657 1,730 6.25 31/10/2016 0.240 0.075 0.140 0.130 1651WA MRCB-WA 0.135 -0.005 1291.6 1.110 2.300 119.37 14/09/2018 0 0.045 0.030 0.045 0.045 65062 FBMKLCI-C62 0.045 0.005 150 1,657 1,700 4.44 30/11/2016 0.090 0.020 0.045 0.045 0092WB MTOUCHE-WB 0.045 -0.010 16.1 0.100 0.270 215.00 16/03/2020 0 0.110 0.110 0.110 0.110 65070 FBMKLCI-C70 0.110 -0.040 9 1,657 1,630 2.97 30/12/2016 0.465 0.120 0.340 0.340 0138CN MYEG-CN 0.340 0.020 102 2.060 1.225 0.73 30/08/2016 0 0.190 0.015 0.015 0.015 65043 FBMKLCI-H43 0.015 Unch 50 1,657 1,600 -2.86 29/07/2016 0.360 0.120 0.200 0.190 0138CT MYEG-CT 0.195 Unch 70 2.060 1.775 5.10 30/09/2016 0 0.545 0.220 0.235 0.220 65051 FBMKLCI-H51 0.235 0.005 125.9 1,657 1,680 5.59 29/07/2016 0.180 0.035 0.045 0.040 0138CU MYEG-CU 0.040 -0.010 737.5 2.060 2.300 17.48 29/07/2016 1 0.130 0.020 0.025 0.020 65053 FBMKLCI-H53 0.020 -0.005 450 1,657 1,570 -4.45 30/08/2016 0.100 0.030 0.040 0.035 0138CW MYEG-CW 0.040 Unch 1150 2.060 2.350 22.82 23/11/2016 0 0.160 0.060 0.060 0.060 65057 FBMKLCI-H57 0.060 -0.025 36 1,657 1,610 -0.35 30/08/2016 0.145 0.085 0.105 0.100 0138CX MYEG-CX 0.100 Unch 880 2.060 1.900 10.68 31/10/2016 1 0.155 0.070 0.080 0.070 65059 FBMKLCI-H59 0.070 -0.005 725.5 1,657 1,650 2.48 30/09/2016 0.055 0.020 0.025 0.025 0096WA NEXGRAM-WA 0.025 -0.005 15 0.060 0.100 108.33 16/05/2022 0 0.215 0.145 0.150 0.150 65061 FBMKLCI-H61 0.150 0.005 140 1,657 1,710 9.48 31/10/2016 0.080 0.020 0.035 0.035 7139WA NICE-WA 0.035 Unch 324.5 0.105 0.160 85.71 09/08/2017 1 0.125 0.065 0.085 0.085 65063 FBMKLCI-H63 0.085 Unch 110 1,657 1,610 0.70 31/10/2016 0.125 0.045 0.045 0.045 0083WB NOTION-WB 0.045 Unch 469.5 0.385 1.000 171.43 02/05/2017 0 0.210 0.130 0.155 0.155 65065 FBMKLCI-H65 0.155 -0.025 80 1,657 1,690 8.49 31/10/2016 0.255 0.150 0.255 0.235 0172WA OCK-WA 0.240 -0.005 4766.9 0.825 0.710 15.15 15/12/2020 0 0.210 0.135 0.145 0.135 65067 FBMKLCI-H67 0.145 0.005 172.7 1,657 1,700 8.67 30/11/2016 0.470 0.255 0.290 0.285 5053WC OSK-WC 0.285 Unch 65.5 1.600 1.800 30.31 22/07/2020 0 0.625 0.075 0.090 0.075 0650HW FBMKLCI-HW 0.085 Unch 2847.5 1,657 1,700 5.96 29/07/2016 0.095 0.010 0.065 0.065 0005WA PALETTE-WA 0.065 Unch 1825.5 0.075 0.040 40.00 20/03/2018 0 0.675 0.060 0.405 0.395 8605WB FFHB-WB 0.405 0.010 221.7 0.920 0.500 -1.63 30/03/2017 0.085 0.005 0.015 0.005 1295C4 PBBANK-C4 0.015 0.005 669.2 19.140 19.300 1.62 30/06/2016 1 0.080 0.030 0.055 0.050 522210 FGV-C10 0.050 Unch 155 1.500 1.550 16.00 30/09/2016 0.190 0.075 0.155 0.155 1295C6 PBBANK-C6 0.155 0.010 50 19.140 18.000 0.52 30/09/2016 0 0.085 0.060 0.080 0.075 522211 FGV-C11 0.080 Unch 3700 1.500 1.700 24.00 30/11/2016 0.360 0.120 0.140 0.135 8311WC PESONA-WC 0.135 -0.005 170 0.250 2.67 27/01/2020 0 0.210 0.010 0.045 0.035 5222C6 FGV-C6 0.040 Unch 3167.8 1.500 1.500 8.00 29/07/2016 0.310 0.015 0.075 0.075 5681CP PETDAG-CP 0.075 0.005 71 23.880 23.000 0.08 30/06/2016 0 0.340 0.010 0.055 0.045 5222C8 FGV-C8 0.050 -0.005 900.8 1.500 1.500 6.67 18/07/2016 0.185 0.020 0.050 0.050 5681CQ PETDAG-CQ 0.050 Unch 7.6 23.880 24.860 7.45 31/10/2016 0 0.200 0.095 0.120 0.110 9318WB FITTERS-WB 0.110 Unch 304.4 0.440 1.000 152.27 12/10/2019 0.120 0.035 0.035 0.035 3042CA PETRONM-CA 0.035 -0.005 600 49.30 15/12/2016 0 0.375 4.300 6.000 M Bu Ma T HURSDAY J U N E 9 , 20 16 • T HEED G E FINA NCIA L DA ILY Markets 2 9 B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S RY ATE 019 Singapore stocks — Straits Times Index closes 0.5% higher at 2,862.38 points 019 021 018 019 016 016 018 019 019 025 016 016 016 016 017 020 017 018 018 016 016 016 016 016 016 016 016 016 016 016 016 016 016 016 016 020 019 021 017 016 016 SINGAPORE: Singapore stocks closed higher yesterday, rising for the fifth consecutive session as global cues favour stocks. The benchmark Straits Times Index was up 0.5% or 14.29 points to 2,862.38. The S&P 500 approached a record high overnight, lifted by gains in energy shares and renewed confidence that the US Federal Reserve won’t disrupt equity markets. Offshore and marine companies that support the oil industry continue to gain from firmer oil prices. Ezra closed 25% higher at 90 Singapore cents, Ezion added 4.5% to 58.5 Singapore cents while Loyz Energy gained 10% at 33 Singapore cents. Mermaid Maritime closed 1.7% higher at 11.8 Singapore cents. The group announced it had clinched six subsea contracts worth US$15 million. Keppel Corp is up 4.9% at S$5.73 while its rival Sembcorp Marine is up 2.4% to S$1.725 despite reporting a fresh threemonth deferral of a drilling rig. Noble Group closed 6% higher at 26.5 Singapore cents, its second straight day of advance. The group has requested a special general meeting with its shareholders to seek their approval for a rights issue. TTJ closed 10.3% higher at 32 Singapore cents. The engineering firm said third quater earnings surged more than eightfold to S$13.4 million compared to a year ago. Japanese stocks — Nikkei rises in choppy trade after sentiment helped by China import data TOKYO: Japanese shares rose yesterday in choppy trade, erasing its earlier losses after China’s relatively benign trade data offset investor nerves over the strong yen. The Nikkei Shares Average rose 0.93% or 155.47 points to 16,830.92 after earlier traversing positive and negative territory. The broader Topix gained 0.8% to 1,350.97 and the JPX-Nikkei Index 400 added 0.8% to 12,174.51. “The US dollar-yen levels determine the Japanese market so people are staying cautious,” said Toru Ibayashi, head of CIO Wealth Management at UBS Securities, adding that investors will likely stay on the sidelines for the next week. “Whether it’s Brexit or other events, when the currency market moves sharply, there will be volatility so most people are not taking positions.” The US Federal Reserve (Fed) will conclude a two-day policy meeting on June 15, followed by a Bank of Japan (BoJ) meeting on June 16. Traders doubt the Fed will hike rates this summer but expectations are growing that the BoJ will ease again this month or next unless the yen somehow stages a reversal. Britain will vote on whether to remain in the European Union at a referendum on June 23. Resources shares extended their gains from the previous day as oil prices hit 2016 highs on concerns about global supply shortfalls, with Inpex Corp gaining 0.51% and Japan Petroleum Exploration Co advancing 1.76%. Exporters were mixed, with Toyota Motor Corp rising 0.48%, Canon Inc dropping 0.1% while Panasonic Corp rising 3.68%. Chubu Electric Power Co surged 4.68% after the Asahi Shimbun reported that the company plans to ask the government for permission to restart its Hamaoka nuclear power plant’s No 5 reactor. Following the report, Mizuho Securities raised the company’s stock rating to “buy” from “neutral.” US stocks — S&P 500 edges closer to record high led by energy shares NEW YORK: The S&P 500 ended at its best level since July, helped by a big jump in energy shares and investor confidence that higher interest rates will not derail the economy. The Dow Jones Industrial Average ended up 17.95 points or 0.1% to 17,938.28, having earlier broken above 18,000, while the S&P 500 gained 2.72 points or 0.13% to 2,112.13, its highest close since July 22. The Nasdaq Composite dipped 6.96 points or 0.14% to 4,961.75. The Nasdaq Biotech Index was down 2.5%, its biggest daily percentage decline since May 11. Gains this week have once again put the S&P 500 within striking distance of record highs reached in May 2015. Comments from US Federal Reserve (Fed) chair Janet Yellen seemed to ease some worries about the economy, while underscoring views the Fed may be in no rush to raise rates. “The big story for the market right now is, do we break out to all-time highs,” said Michael Sheldon, chief investment officer at Northstar Wealth Partners in West Hartford, Connecticut. “If we do so in the near term, we could see a rush of money jump into the market from investors who had been sitting out on the sidelines, in fear of missing out on further market gains.” Giving the S&P 500 its biggest boost, the S&P energy index jumped 2.1% as oil prices reached 2016 highs due to supply constraints and a weak US dollar. Exxon Mobil gained 1.5% to US$90.71. Navistar International shares jumped 19.6% to US$14.54 after it posted a surprise second-quarter profit. The S&P 500 healthcare index dropped 0.7%, dragged down by Biogen and Alexion. Biogen tumbled 12.8% to US$252.86 after its multiple sclerosis drug failed in a mid-stage study. Alexion dropped 10.9% to US$138.13 after its drug failed a trial, while Valeant slumped 14.6% to US$24.64 after the drug maker cut its full-year forecast. — Agencies 020 020 020 019 016 019 Index points 3600 017 3300 Shanghai Composite Dow Jones Nikkei 225 FT Straits Times 016 Index points Index points 20800 18580 17625 16310 Index points 2,927.16 5800 -8.89 (-0.30%) 2,774.06 4825 021 017 3000 14450 016 016 016 2700 2,862.38 023 017 016 2400 16,830.92 11275 +14.29 (+0.50%) 016 14040 10,172.06 Jun 8, 2016 3,087.842 17,938.28 +17.95 (+0.10%) 11770 +155.47 (+0.93%) 2875 1900 9500 8100 Mar 1, 2010 3850 10,403.79 Mar 1, 2010 Jun 8, 2016 Mar 1, 2010 Jun 7, 2016 Mar 1, 2010 Jun 8, 2016 016 024 017 020 020 016 019 016 016 018 Bursa Malaysia Equity Derivatives YEAR HIGH YEAR LOW DAY HIGH DAY LOW Main Market & Ace Market Warrants 0.385 0.100 0.100 0.765 0.140 0.170 0.310 0.005 018 YEAR HIGH YEAR LOW DAY HIGH DAY LOW CODE 020 0.600 0.330 0.375 0.375 1945WC 019 0.795 0.235 0.740 0.705 022 0.215 0.105 0.195 023 0.190 0.185 016 2.000 0.705 020 1.110 016 WARRANTS VOL PARENT EXE (‘000) PRICE PRICE PR’M (%) WARRANTS CLOSE (RM) +/(RM) VOL PARENT EXE (‘000) PRICE PRICE PR’M (%) EXPIRY DATE 0.100 7106C4 SUPERMX-C4 0.100 -0.025 5 2.310 2.200 12.55 0.140 7106C5 SUPERMX-C5 0.145 -0.030 3634.4 2.310 2.100 3.46 18/07/2016 0.005 0.005 7106C8 SUPERMX-C8 0.005 Unch 1212.5 2.310 3.000 30.74 25/08/2016 28/10/2016 CLOSE (RM) +/(RM) 0.345 0.135 0.200 0.190 7082WB SYF-WB 0.200 0.005 219 0.575 0.700 56.52 11/11/2019 PJDEV-WC 0.375 0.005 50 1.310 1.000 4.96 04/12/2020 0.560 0.235 0.270 0.270 8524WB TALIWRK-WB 0.270 Unch 19.6 1.440 1.700 36.81 11/11/2018 8869CN PMETAL-CN 0.740 0.060 45.2 3.130 1.600 -1.60 18/07/2016 1.130 0.480 0.790 0.775 5191WA TAMBUN-WA 0.790 0.020 26.3 1.410 0.600 -1.42 30/05/2017 0.175 8869CO PMETAL-CO 0.195 0.030 237.6 3.130 2.700 11.18 15/12/2016 0.075 0.045 0.060 0.060 0132WA TDEX-WA 0.060 -0.005 50 0.115 0.110 47.83 21/09/2018 0.190 0.185 8869CP PMETAL-CP 0.190 0.040 10 3.130 3.100 20.29 17/02/2017 0.850 0.360 0.430 0.430 7252WA TEOSENG-WA 0.430 -0.010 15 0.430 1.350 313.95 29/01/2020 1.970 1.850 8869WC PMETAL-WC 1.970 0.130 645.1 3.130 1.100 -1.92 22/08/2019 2.560 0.600 2.530 2.420 7034WA TGUAN-WA 2.500 0.040 175.3 3.800 1.500 5.26 09/10/2019 0.645 0.785 0.770 7088WB POHUAT-WB 0.780 -0.005 196 1.600 1.000 11.25 21/10/2020 0.180 0.070 0.080 0.080 7889WB THRIVEN-WB 0.080 0.005 10 0.215 0.640 234.88 05/10/2020 0.280 0.020 0.095 0.080 4634CV POS-CV 0.085 -0.010 2155.9 2.690 2.770 9.29 31/10/2016 0.030 0.015 0.025 0.020 7079WC TIGER-WC 0.025 0.005 60.2 0.050 0.080 110.00 11/02/2021 018 0.130 0.060 0.080 0.075 4634CW POS-CW 0.080 Unch 1580 2.690 3.000 21.93 11/10/2016 0.165 0.040 0.115 0.110 486312 TM-C12 0.115 -0.005 120.1 6.720 6.500 30/11/2016 016 0.435 0.160 0.410 0.400 7168WA PRG-WA 0.405 0.010 200 1.120 0.750 3.13 06/07/2019 0.215 0.100 0.100 0.100 486313 TM-C13 0.100 -0.005 50 6.720 7.000 9.38 28/10/2016 016 0.120 0.055 0.080 0.080 7145WA PSIPTEK-WA 0.080 0.015 5 0.120 0.100 50.00 16/11/2019 0.260 0.105 0.250 0.240 0101WB TMCLIFE-WB 0.245 -0.005 1106.2 0.835 0.750 19.16 21/06/2019 016 0.090 0.030 0.030 0.030 0007WA PUC-WA 0.030 Unch 54.7 0.065 0.100 100.00 25/12/2024 0.680 0.300 0.500 0.470 8397WC TNLOGIS-WC 0.470 -0.020 290.7 1.330 1.000 10.53 26/12/2018 016 0.035 0.015 0.025 0.020 0007WB PUC-WB 0.020 Unch 490.7 0.065 0.100 84.62 15/02/2019 0.160 0.120 0.130 0.125 7113C6 TOPGLOV-C6 0.125 -0.005 22 5.140 5.150 12.35 28/02/2017 022 2.020 0.315 0.480 0.480 6807WB PUNCAK-WB 0.480 -0.020 0.2 1.160 1.000 27.59 20/07/2018 0.465 0.120 0.130 0.120 7113CX TOPGLOV-CX 0.125 -0.005 210.8 5.140 4.625 4.57 10/08/2016 019 5.140 4.500 5.000 5.000 7765WA RAPID-WA 5.000 Unch 107 5.980 1.000 0.33 07/04/2017 0.170 0.025 0.085 0.075 5054WA TRC-WA 0.075 -0.015 316.3 0.405 0.500 41.98 20/01/2017 018 0.075 0.025 0.035 0.025 5256WA REACH-WA 0.025 Unch 6750.2 0.685 0.750 13.14 12/08/2022 0.380 0.020 0.135 0.125 514818 UEMS-C18 0.125 0.005 65 1.090 0.930 2.52 30/08/2016 020 0.150 0.015 0.050 0.050 7232WA RESINTC-WA 0.050 -0.010 775 0.445 0.500 23.60 29/09/2016 0.150 0.010 0.040 0.030 514820 UEMS-C20 0.035 0.010 10901.5 1.090 1.000 1.38 18/07/2016 017 0.115 0.070 0.085 0.080 5270WA RSENA-WA 0.080 Unch 5055.9 0.410 0.500 41.46 01/12/2023 0.130 0.015 0.025 0.025 514822 UEMS-C22 0.025 0.010 15.2 1.090 1.200 14.68 28/07/2016 017 0.220 0.030 0.035 0.035 0133WC SANICHI-WC 0.035 Unch 1407.5 0.130 0.400 234.62 24/09/2019 0.150 0.100 0.115 0.115 514826 UEMS-C26 0.115 0.015 50 1.090 1.100 16.74 30/09/2016 016 0.530 0.090 0.290 0.275 7073WA SEACERA-WA 0.285 -0.005 121.1 0.905 1.000 41.99 16/05/2017 0.115 0.075 0.090 0.085 514827 UEMS-C27 0.090 0.015 120 1.090 0.980 9.72 30/09/2016 016 0.550 0.085 0.345 0.345 7073WB SEACERA-WB 0.345 -0.005 10 0.905 1.000 48.62 29/05/2019 0.085 0.040 0.060 0.060 514828 UEMS-C28 0.060 0.010 35 1.090 1.050 12.84 28/11/2016 020 0.465 0.275 0.300 0.290 7246WA SIGN-WA 0.300 0.005 577 1.030 0.970 23.30 21/04/2021 0.055 0.035 0.050 0.045 514829 UEMS-C29 0.045 0.010 70 1.090 1.250 25.00 28/10/2016 017 0.200 0.050 0.095 0.095 4197C3 SIME-C3 0.095 0.005 10 7.660 7.900 8.09 30/09/2016 0.100 0.015 0.030 0.015 4588CV UMW-CV 0.030 0.015 560.1 5.600 7.000 30.36 15/12/2016 020 0.050 0.005 0.005 0.005 0060WA SKH-WA 0.005 Unch 483.9 0.060 0.100 75.00 16/01/2017 0.130 0.015 0.040 0.030 4588CW UMW-CW 0.035 0.010 484.6 5.600 7.000 28.13 31/01/2017 019 0.160 0.015 0.020 0.020 521815 SKPETROC15 0.020 Unch 190 1.740 2.200 30.46 30/08/2016 0.120 0.015 0.040 0.030 5243C3 UMWOG-C3 0.030 Unch 625 0.955 1.070 16.75 31/10/2016 017 0.275 0.045 0.100 0.080 521817 SKPETROC17 0.085 0.005 5710.1 1.740 1.700 9.91 30/09/2016 0.120 0.090 0.120 0.120 5243C6 UMWOG-C6 0.120 0.005 25 0.955 1.000 23.56 17/02/2017 018 0.285 0.080 0.105 0.105 521820 SKPETROC20 0.105 0.015 30 1.740 1.600 7.04 18/07/2016 0.250 0.090 0.115 0.100 7091WA UNIMECH-WA 0.110 -0.020 261 1.190 1.500 35.29 18/09/2018 020 0.140 0.015 0.025 0.020 521824 SKPETROC24 0.020 Unch 4277.6 1.740 2.100 24.71 30/08/2016 0.120 0.080 0.080 0.080 5200CU UOADEV-CU 0.080 -0.005 15 2.330 2.100 0.43 28/07/2016 016 0.085 0.080 0.080 0.080 521825 SKPETROC25 0.080 -0.005 200 1.740 2.000 31.03 26/01/2017 0.160 0.005 0.025 0.015 0120WA VIS-WA 0.025 -0.005 3236.8 0.200 0.250 37.50 01/09/2016 016 0.100 0.080 0.100 0.100 521826 SKPETROC26 0.100 0.005 1120 1.740 1.850 20.69 30/11/2016 0.240 0.011 0.165 0.155 0069WB VIVOCOM-WB 0.155 -0.010 24464.1 0.280 0.240 41.07 07/09/2018 016 1.050 0.525 0.715 0.705 7155WA SKPRES-WA 0.710 -0.005 1302 1.280 0.550 -1.56 27/06/2017 0.285 0.022 0.195 0.190 0069WC VIVOCOM-WC 0.190 -0.005 1834 0.280 0.100 3.57 22/01/2020 016 0.255 0.055 0.075 0.075 0117WA SMRT-WA 0.075 Unch 120.9 0.180 0.180 41.67 01/08/2017 0.080 0.015 0.055 0.050 0066WA VSOLAR-WA 0.050 -0.005 2257.1 0.100 0.120 70.00 01/12/2017 016 1.000 0.760 0.790 0.790 5242WA SOLID-WA 0.790 Unch 4.2 1.320 0.500 -2.27 16/12/2020 0.515 0.230 0.260 0.255 6963WA VS-WA 0.260 Unch 807.5 1.230 1.650 55.28 06/01/2019 022 0.265 0.070 0.070 0.070 5126CD SOP-CD 0.070 Unch 20 4.100 4.000 4.39 18/07/2016 0.290 0.100 0.205 0.200 9679WD WCT-WD 0.200 -0.005 889.4 1.560 1.710 22.44 11/12/2017 017 1.550 0.620 1.300 1.300 7103WA SPRITZER-WA 1.300 0.020 9 2.500 1.180 -0.80 13/12/2016 0.280 0.130 0.180 0.180 9679WE WCT-WE 0.180 Unch 103.5 1.560 2.080 44.87 27/08/2020 017 0.090 0.040 0.060 0.060 0129WA SRIDGE-WA 0.060 -0.005 19.7 0.130 0.180 84.62 24/02/2023 0.870 0.497 0.605 0.580 7245WA WZSATU-WA 0.605 0.015 103.2 1.130 0.500 -2.21 28/10/2024 020 0.140 0.055 0.065 0.060 1201WA SUMATEC-WA 0.065 -0.005 968.2 0.110 0.320 250.00 03/03/2021 0.045 0.010 0.015 0.015 5156WC XDL-WC 0.015 Unch 600 0.040 0.115 225.00 02/07/2018 020 0.135 0.040 0.055 0.050 1201WB SUMATEC-WB 0.055 Unch 9571.8 0.110 0.175 109.09 13/11/2018 0.025 0.005 0.010 0.010 0095WA XINGHE-WA 0.010 Unch 100 0.040 0.100 175.00 22/03/2019 018 0.235 0.105 0.145 0.140 5263CC SUNCON-CC 0.145 Unch 120 1.550 1.450 28/10/2016 0.105 0.020 0.020 0.020 5155WA XINQUAN-WA 0.020 Unch 370 0.230 1.000 343.48 24/06/2019 016 1.140 0.630 0.735 0.720 5211WA SUNWAY-WA 0.735 -0.005 289.3 3.010 2.250 -0.83 17/08/2016 0.085 0.040 0.060 0.055 0165WA XOX-WA 0.055 -0.005 9690.4 0.150 0.200 70.00 10/02/2019 016 0.377 0.140 0.210 0.210 0148WA SUNZEN-WA 0.210 0.070 5 0.250 0.100 24.00 14/04/2019 0.110 0.025 0.080 0.075 7020WB YKGI-WB 0.080 Unch 398 0.220 0.500 163.64 28/05/2020 020 0.140 0.060 0.090 0.090 0148WB SUNZEN-WB 0.090 Unch 20 0.250 0.250 36.00 25/02/2021 0.130 0.075 0.110 0.110 4677C3 YTL-C3 0.110 Unch 80 1.660 1.550 6.63 28/11/2016 016 0.270 0.015 0.015 0.015 710610 SUPERMX-C10 0.015 Unch 1024 2.310 3.170 39.83 31/10/2016 0.470 0.330 0.355 0.350 6742WB YTLPOWR-WB 0.355 Unch 111 1.460 1.140 2.40 11/06/2018 016 0.120 0.035 0.035 0.035 710616 SUPERMX-C16 0.035 -0.010 190 2.310 2.750 26.62 30/09/2016 0.260 0.050 0.065 0.060 7028WA ZECON-WA 0.065 Unch 61 0.680 1.060 65.44 03/03/2017 016 0.430 0.130 0.135 0.130 7106C3 SUPERMX-C3 0.130 -0.005 160 2.310 2.000 9.09 28/10/2016 0.230 0.075 0.080 0.080 2283WA ZELAN-WA 0.080 Unch 165.1 0.165 0.250 100.00 25/01/2019 7.58 EXPIRY DATE CODE Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants 1.86 T HUR SDAY JU N E 9, 2 0 16 • TH EEDGE FI N AN C I AL DAI LY 30 Markets INSIDER MOVES . TRADING THEMES . EVENTS . FOREX Trading themes Insider moves (Filings on June 7, 2016) 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 AIRASIA AXIATA GROUP BIMB BUMI ARMADA DIALOG GROUP DIGI.COM IHH HEALTHCARE IHH HEALTHCARE IJM CORPORATION IJM CORPORATION IOI CORPORATION IOI PROPERTIES GROUP JHM CONSOLIDATION KOSSAN RUBBER INDUSTRIES LII HEN INDUSTRIES MAH SING GROUP SHARES ACQUIRED (DISPOSED) DIRECTOR/SUBSTANTIAL SHAREHOLDER (2,079,600) EMPLOYEES PROVIDENT FUND BOARD 1,200,000 EMPLOYEES PROVIDENT FUND BOARD 9,350,000 AMANAHRAYA TRUSTEES - SKIM AMANAH SAHAM BUMIPUTERA 5,000,000 AMANAHRAYA TRUSTEES - SKIM AMANAH SAHAM BUMIPUTERA (2,534,100) EMPLOYEES PROVIDENT FUND BOARD (1,150,000) EMPLOYEES PROVIDENT FUND BOARD (130,300,000) PULAU MEMUTIK VENTURES S/B (2,873,100) EMPLOYEES PROVIDENT FUND BOARD 2,317,400 AMANAHRAYA TRUSTEES - SKIM AMANAH SAHAM BUMIPUTERA (3,210,000) EMPLOYEES PROVIDENT FUND BOARD (1,740,000) EMPLOYEES PROVIDENT FUND BOARD (3,113,500) EMPLOYEES PROVIDENT FUND BOARD (1,520,600) NOBLE MATTERS S/B 1,425,800 EMPLOYEES PROVIDENT FUND BOARD 1,777,200 KOON YEW YIN SHARES HELD AFTER CHANGE TRANSACTION DATE 140,751,649 1,278,819,916 97,636,000 2/6 2/6 2/6 453,386,600 2 & 3/6 629,962,104 936,601,576 3,387,392,748 623,305,100 295,804,000 2/6 1 & 2/6 1/6 1 & 2/6 2 & 3/6 477,997,378 421,606,173 121,002,800 2/6 31/5, 1 & 2/6 2/6 1/6 26, 27 & 30/5 30, 31/5, 1 TO 3/6 2/6 288,177,986 28,925,263 63,692,500 20,209,200 136,002,800 3/6 MAH SING GROUP MALAKOFF CORPORATION MALAYAN BANKING MAXIS METRONIC GLOBAL MISC MMC CORPORATION 31/5O&C RESOURCES 1,268,300 AMANAHRAYA TRUSTEES - SKIM AMANAH SAHAM BUMIPUTERA 15,000,000 AMANAHRAYA TRUSTEES - SKIM AMANAH SAHAM BUMIPUTERA 10,000,000 LEMBAGA TABUNG HAJI (1,180,000) EMPLOYEES PROVIDENT FUND BOARD 9,302,300 EMPLOYEES PROVIDENT FUND BOARD 1,231,600 EMPLOYEES PROVIDENT FUND BOARD 1,500,000 TAN KIAN HONG (1,500,000) EMPLOYEES PROVIDENT FUND BOARD 1,007,000 LEMBAGA TABUNG HAJI 12,099,300 INNOFARM S/B 129,994,900 765,497,533 1,506,911,183 608,611,334 52,671,000 311,317,611 217,339,300 27,812,300 PETRONAS CHEMICALS GROUP (8,336,400) EMPLOYEES PROVIDENT FUND BOARD 821,981,300 PETRONAS GAS PUBLIC BANK REACH ENERGY RELIANCE PACIFIC TELEKOM MALAYSIA (1,135,600) (4,922,400) 2,529,200 35,150,000 3,941,000 216,312,000 505,330,395 70,930,900 79,977,850 521,152,995 2/6 1/6 1 & 2/6 2/6 6/6 26 & 27/5 2 & 3/6 23, 25/5 & 1/6 19, 20 TO 22/4 2/6 1 & 2/6 1 TO 3/6 6/6 2 & 3/6 TELEKOM MALAYSIA TELEKOM MALAYSIA (3,300,000) (2,450,000) 519,598,036 196,609,238 1 & 2/6 30 & 31/5 TENAGA NASIONAL UMW OIL & GAS CORPORATION VERSATILE CREATIVE YTL CORPORATION 2,004,800 3,355,600 (8,392,745) (3,000,000) 863,065,682 132,473,400 35,343,600 733,559,947 1 & 2/6 2/6 2 & 3/6 2/6 MAH SING GROUP EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD LEMBAGA TABUNG HAJI MAZMUR CAPITAL S/B AMANAHRAYA TRUSTEES - SKIM AMANAH SAHAM BUMIPUTERA EMPLOYEES PROVIDENT FUND BOARD KUMPULAN WANG PERSARAAN (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD IRIS HEALTHCARE S/B EMPLOYEES PROVIDENT FUND BOARD Asian equities performance Top palm oil producers While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with Bursa Malaysia. Note: * denotes Ace Market Local events to watch out for today • The Bar Council’s Migrants, Refugees and Immigration Affairs Committee is organising a consultation on “Labour Chapter of Trans-Pacific Partnership Agreement — Obligations of Stakeholders” at Raja Aziz Addruse Auditorium, Straits Trading Building, Unit 2-02A, 2nd Floor, No 2, Leboh Pasar Besar, Kuala Lumpur from 8.30am to1pm. • Mercedes-Benz 130! Years of Reinventing the Automobile and the launch of the E-Class at Grand Ballroom, St Regis Kuala Lumpur, Kuala Lumpur Sentral from 9.30am to 1pm. • LBS Bina Group Bhd annual general meeting (AGM) at Greens II, Jalan Kelab Tropicana, Tropicana Golf & Country Resort, 47410, Petaling Jaya, Selangor at 10am. • Formosa Prosonic Industries Bhd AGM at • • • • Crystal Crown Hotel Harbour View, Crystal Room, Level 1, Port Klang, Selangor at 10am. Stocks closest to year high Dagang Nexchange Bhd AGM at Sime HIGH LOW CLOSE VOLUME Darby Convention Centre, Ballroom 2, STOCK (RM) (RM) (RM) ('000) 1st Floor, No 1A, Jalan Bukit Kiara 1, Kuala UCHITEC 1.670 1.630 1.630 1840.4 OKA 1.200 1.160 1.160 669.8 Lumpur at 10am. 1.060 0.975 1.050 3295.4 Telekom Malaysia through its award win- JHM 0.965 0.950 0.950 2046.2 ning IPTV service, officially launches its YONGTAI YONGTAI-WA 0.550 0.530 0.535 2255.1 HyppTV latest drama series Margaret & AIRASIA 2.700 2.620 2.660 41034.3 David – Green Bean on Now International AIRASIAC33 0.315 0.285 0.305 35822.8 Channel at Ballroom A, Hilton Hotel Kuala AIRASIAC35 0.315 0.300 0.315 2601.9 MRCB-C7 0.080 0.065 0.070 2322.9 Lumpur, Kuala Lumpur at 10.30am. 0.365 0.340 0.360 4182.6 Mulpha International Bhd AGM, Menara AIRASIAC31 0.410 0.405 0.410 26 Mudajaya, Level 11, No 12A, Jalan PJU 7/3, AIRASIAC28 3.410 3.260 3.390 2830.6 Mutiara Damansara, Selangor at 2.30pm. LIIHEN SUNREIT 1.690 1.650 1.660 1134.5 Sunway Construction Group Bhd AGM at TMCLIFE 0.855 0.830 0.835 537.3 Sunway Resort Hotel & Spa, Grand Baha- EMETALL 0.845 0.780 0.830 4303 mas, Level 12, Persiaran Lagoon, Bandar This table shows stocks that are trading near their year high. This could suggest a build-up in buying momentum, or the possibility that Sunway, Selangor at 2.30pm. profit-taking activities could set in later. Stocks closest to year low STOCK HIGH (RM) LOW (RM) CLOSE (RM) VOLUME ('000) E&O-C3 0.080 0.075 0.075 300 SUPERMX-C5 0.170 0.140 0.145 3634.4 KSL-CF 0.045 0.045 0.045 20 HSI-HX 0.380 0.380 0.380 10.1 SKPETROC25 0.080 0.080 0.080 200 FBMKLCI-H51 0.235 0.220 0.235 125.9 FBMKLCI-H37 0.050 0.035 0.045 1465 HSI-H29 0.130 0.110 0.110 40.2 TANCO 0.090 0.085 0.085 411.6 TM-C13 0.100 0.100 0.100 50 TIMWELL 0.690 0.610 0.690 12 SUPERMX-C16 0.035 0.035 0.035 190 HSI-HW 0.110 0.090 0.100 13898.1 HSI-HZ 0.070 0.060 0.060 53 TGOFFS 0.300 0.290 0.300 148 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 0.616 1.625 US SWISS BRIT CANADA BRUNEI S’PORE AUST M’SIA CHINA BANGL’H DENM’K UAE 0.946 0.946 0.938 2.8475 4.602 55.059 4.578 2.573 9,287 46.667 74.995 5.671 32.117 2.550 2.627 5.680 24.636 5.439 1.442 1.536 1.536 1.524 4.6260 7.476 89.447 7.438 4.180 15,088 75.814 121.836 9.213 52.177 4.142 4.268 9.228 40.024 8.836 7.764 STERLING £ 2.079 1.280 1.457 1.400 CANADA $ 1.127 0.694 0.789 0.759 0.542 BRUNEI $ 1.058 0.651 0.741 0.712 0.509 0.939 SINGAPORE $ 1.057 0.651 0.741 0.712 0.509 0.939 1.000 AUSTRALIA $ 1.066 0.656 0.747 0.718 0.513 0.946 1.008 1.008 MALAYSIA RM 0.351 0.216 0.246 0.236 0.169 0.312 0.332 0.332 0.330 21.730 13.376 15.222 14.630 10.451 19.286 20.548 20.550 20.388 61.8770 1.816 1.118 1.272 1.223 0.874 1.612 1.717 1.718 1.704 5.1718 8.358 100 DANISH KRONER 21.842 13.444 15.300 14.705 10.505 19.385 20.654 20.655 20.493 62.1940 100.51 100 UAE DIRHAM 38.868 23.925 27.226 26.168 18.693 34.496 36.753 36.756 36.468 110.6755 178.86 2,140 177.95 1000 INA RUPIAH 0.108 0.066 0.075 0.072 0.052 0.096 0.102 0.102 0.101 0.3066 0.495 5.928 0.493 0.277 100 INDIA RUPEE 2.143 1.319 1.501 1.443 1.031 1.902 2.026 2.026 2.011 6.1018 9.861 117.983 9.811 5.513 0.961 0.687 1.267 1.350 1.350 1.339 4.0650 6.569 78.600 6.536 3.673 13,258 66.620 107.061 8.096 45.850 3.640 3.750 8.109 35.170 0.714 1.318 1.405 1.405 1.394 4.2295 6.835 81.781 6.800 3.822 13,795 69.316 111.394 8.424 47.705 3.787 3.902 8.437 36.593 8.078 1.845 1.966 1.966 1.951 5.9207 9.568 114.481 9.520 5.350 19,311 97.032 155.935 11.792 66.781 5.301 5.462 11.811 51.226 11.309 1.065 1.066 1.057 3.2084 5.185 62.037 5.159 2.899 10,464 52.581 84.501 6.390 36.188 2.873 2.960 6.400 27.759 6.128 1.000 0.992 3.0113 4.867 58.226 4.842 2.721 9,822 49.351 79.309 5.997 33.965 2.696 2.778 6.007 26.054 5.752 0.992 3.0111 4.866 58.222 4.841 2.721 9,821 49.348 79.304 5.997 33.963 2.696 2.778 6.007 26.052 5.751 3.0349 4.905 58.682 4.880 2.742 9,899 49.738 79.931 6.044 34.231 2.717 2.800 6.054 26.258 5.797 1.0000 1.616 19.336 1.608 0.904 3,262 16.389 26.337 1.992 11.279 0.895 0.923 1.995 8.652 1.910 1,196 99.490 55.908 1,630 123.236 697.921 55.405 57.087 123.433 535.356 118.185 8.316 4.673 16,868 84.758 136.210 10.300 58.333 4.631 4.771 10.317 44.746 9.878 56.195 202,851 1,019.27 1,638 123.87 701.50 55.69 57.38 124.07 538.10 118.79 1,814 2,915 220.43 1,248 99.10 102.11 220.78 957.56 211.39 5.025 8.075 0.611 3.458 0.275 0.283 0.612 2.653 0.586 160.705 12.153 68.823 5.464 5.629 12.172 52.792 11.654 1,203 201,817 1,014.078 360,977 19,902 1.333 0.821 0.934 0.898 0.641 1.183 1.261 1.261 1.251 3.7969 6.136 73.416 6.105 3.431 12,384 62.226 17.633 10.854 12.352 11.871 8.480 15.650 16.674 16.675 16.544 50.2100 81.145 971 80.731 45.367 163,764 822.872 1,322 2.921 3.114 1.917 2.181 2.096 1.497 2.763 2.944 2.944 39.221 24.142 27.474 26.405 18.863 34.809 37.088 37.090 7.562 8.8659 14.328 171.429 14.255 8.011 28,917 145.300 233.504 17.658 36.799 111.6820 180.490 2,159 179.570 100.909 364,260 1,830 2,941 222.430 42.826 3.400 3.503 7.574 32.851 7.252 566.327 44.958 46.323 100.160 434.414 95.901 7.939 1,260 8.180 17.686 76.707 16.934 103.036 222.785 966.266 213.313 937.795 207.027 433.722 95.748 100 SAUDI RIYAL 38.065 23.431 26.665 25.627 18.307 33.784 35.995 35.997 35.715 108.3913 175.172 2,096 174.279 97.936 353,527 1,776 2,855 215.876 1,223 97.054 100 SWEDISH KRONOR 17.605 10.837 12.332 11.852 8.467 15.625 16.647 16.648 16.518 50.1300 81.016 969.304 80.603 45.295 163,503 821.561 1,320 99.841 565.425 44.886 46.249 4.059 2.499 2.843 2.733 1.952 3.602 3.838 3.838 3.808 11.5581 18.679 223.485 18.584 10.443 37,698 189.421 304.409 23.020 130.366 10.349 10.663 23.056 18.387 11.318 12.880 12.379 8.843 16.318 17.387 17.388 17.251 52.3560 84.613 1,012.345 84.182 47.306 170,763 858.042 1,379 104.274 590.532 46.880 48.303 104.440 100 HK$ HK 0.888 1.040 100 THAI BAHT THAI 0.781 0.879 100 PHILIPPINE PESO SAUDI SWEDEN 0.481 0.914 100 QATAR RIYAL QATAR 1.094 1.428 100 NORWEGIAN KRONER PHIL 0.673 1.485 100 JAPAN YEN JAPAN NORWAY 1.138 US $ 100 BANGLAD’H TAKA INDIA 0.700 SWISS FR 100 CHINESE RMB INA 216.220 22.076 452.981 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. THU RSDAY J U N E 9 , 2016 • T HEED G E FINA NCIA L DA ILY Markets 3 1 FUTURES . MONEY MARKET . COMMODITIES Money market Index futures Index points 1980 US Dollar Long Rolls - KLCI futures FKLI Open Interest 1,659.00 90000 Klibor USD Index Index points -1.50 18.00 (-3.50) 102.00 Implied interest rate (%) 93.641 4.5 (-0.187) (-0.50) 3.65 (Unch) 94.25 1790 68000 4.75 1600 46000 -8.50 86.50 1410 24000 -21.75 78.75 1220 2000 -35.00 3.5 2.5 Jan 4, 2010 71.00 Jan 4, 2010 Jun 8, 2016 FBM KLCI futures end lower in line with cash market Jun 8, 2016 FBM KLCI futures INDEX AND FUTURES CONTRACT LAST CHANGE VOLUME OPEN CHANGE IN INTEREST OPEN INTEREST The FBM KLCI futures contract on Bursa FBMKLCI 1,657.85 -2.77 199.6M 1,659.00 -3.50 6,211 38,963 -3,522 Malaysia Derivatives closed lower yesterday JUN 16 JULY 16 1,657.00 -5.00 362 1,185 364 in tandem with the weaker cash market. SEP 16 1,647.00 -5.50 128 353 9 The benchmark FBM KLCI closed 2.77 DEC 16 1,634.00 -5.00 8 126 -19 points lower at 1,657.85. TOTAL 6,709 40,627 -3,168 Spot contract month June 2016 eased BID OFFER CLOSE 3.5 points to 1,659; July 2016 and December FUTURES ROLL OVER -1.0 -2.0 -1.5 2016 fell five points each to 1,657 and 1,634 JUN/JUL respectively; while September 2016 shed 5.5 FUTURES FAIR VALUE CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE points to 1,647. 16 23 3.37 5.83 -2.46 Turnover slipped to 6,709 lots from 7,689 JUN JULY 16 52 7.82 12.55 -4.73 lots on Tuesday, while open interest eased ROLL’S FAIR -2.27 to 40,627 contracts from 41,013 contracts previously. Most Southeast Asian stocks rose yesterday. Vietnam shares closed 0.5% higher, led by basic materials and technology stocks, peak before settling down 0.4%, with while Philippine shares closed 0.2% higher. telecommunication services and industrials Indonesian shares hit an 11-month stocks leading the losses. — Agencies Commodities Jun 8, 2016 1.5 Oct 1, 2000 US dollar hurt by ebbing US Fed rate hike expectations Klibor The US dollar underperformed yesterday, hitting a five-week trough, hurt by waning expectations that the US Federal Reserve (Fed) will raise interest rates anytime soon. The US dollar index, which tracks the greenback against a basket of six rivals, edged down 0.15% to 93.641 after dropping as low as 93.680, its lowest since May 6. Against its Japanese counterpart, the US dollar fell 0.3% to ¥107.06 after hitting a low of ¥106.72 earlier. It climbed from those lows after data showed that China’s imports beat forecasts in May, adding to hopes that the economy may be stabilising. The US dollar’s weakness saw the euro gain 0.15% to US$1.137 when the European Central Bank kick-started its corporate bondbuying programme as part of its quantitative easing plan. — Reuters JUN6 JUL6 AUG6 SEP6 DEC6 MAR7 JUN7 SEP7 DEC7 MAR8 JUN8 SEP8 DEC8 MAR9 JUN9 SEP9 DEC9 MAR0 JUN0 SEP0 DEC0 MAR1 TOTAL CPO vs Soyoil Open Interest 4200 200000 CPO RM/tonne Soyoil US$/Ibs MONTH 6400 Crude Oil Gold US$/bbl US$/troy oz 0.7300 155.00 2,934 50.94 152500 5075 (RM0.3278/tonne) 0.5475 121.25 2700 105000 3750 0.3650 87.50 1340 57500 2425 0.1825 53.75 1020 1950 2,588 Jan 6, 2008 SETTLEMENT PRICE CHANGE 96.35 96.35 96.35 96.35 96.35 96.35 96.30 96.26 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 — — — — — — — — — — — — — — — — — — — — — — VOLUME OPEN INTEREST — — — — — — — — — — — — — — — — — — — — — — 0 — — — — — — — — — — — — — — — — — — — — — — 0 1980 3450 1200 Jun 8, 2016 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/tonne Oct 2, 2006 (+0.58) 10000 Jun 8, 2016 Palm oil extends loss as ringgit holds on to three-week high 1100 (-11) Jan 6, 2008 Jun 8, 2016 0.0000 CPO futures CONTRACT JUN-16 JUL-16 AUG-16 SEP-16 OCT-16 LAST 2,634 2,605 2,588 2,568 2,541 CHANGE -6 -10 -11 -8 -8 VOLUME 60 2,694 26,251 11,598 9,065 OPEN CHANGE IN INTEREST OPEN INTEREST 2,496 24,502 90,331 64,430 37,388 1,255.10 (+9.60) 2,588 (-11) 1660 -676 -1,478 -6,961 -1,848 -2,673 Malaysian palm declined further yesterday, hitting a near two-week low, as the ringgit remained at its strongest level for nearly CPO FUTURES CPO/SOYOIL three weeks. FUTURES BASIS (USD) The palm oil contract for August delivery INDICATIVE ROLL-OVER CURRENT -68.02 JUN/JUL 29 on Bursa Malaysia Derivatives was down JUN/AUG 3 MONTHS AVERAGE -66.24 46 0.4% or RM11 at RM2,588 per tonne at the JUN/SEP 6 MONTHS AVERAGE -81.54 66 end of the trading day. JUL/AUG 17 The market fell for a third consecutive SGS & ITS EXPORT ESTIMATES (TONNES) MAR’16 APR’16 MAY’16 session, bringing its loss to 2.5% so far this SHIPMENT DAYS 308/328 305/321 404/391 week. It earlier reached an intraday low of 1 - 10TH DAYS 1- 15TH DAYS 416/451 500/484 575/563 RM2,575, its lowest since May 27. DAYS 718/713 724/738 792/786 Traded volumes stood at 55,418 lots of 11 -- 20TH 25TH DAYS 883/887 883/890 982/965 25 tonnes each yesterday evening, versus FULL MONTH 1,168/1,175 1,088/1,109 1,252/1,233 the 2015 average of 44,600. MALAYSIAN PALM OIL BOARD JAN’16 FEB’16 MAR’16 APR’16 “Palm oil is coming down on the back of 1,130 1,043 1,220 1,301 a strengthening ringgit, so the market is on PRODUCTION EXPORT 1,279 1,085 1,334 1,165 a profit-taking note,” said a trader. STOCKS 2,308 2,169 1,885 1,800 Government body, the Malaysian Palm MPOB Palm oil physical Oil Board is scheduled to release May palm (IN RM/TON) JUN’2016 JUL’2016 AUG’2016 oil data tomorrow around noon. DELD 2,632 2,660 2,645 A Reuters poll ahead of the data pegged CPO PK EX-MILL 2,565 2,565 2,545 May end-stocks to fall 8.8% to 1.64 million CPKO DELD 5,373 5,373 5,357 tonnes from April, as the surge in exports RBD P.OIL FOB 2,734 2,734 2,701 outpaced a small rise in output growth. RBD P.OLEIN FOB 2,754 2,737 2,733 2,480 2,480 2,450 Output is forecast to rise month-on-month RBD P.STEARIN FOB by 3.9% to 1.35 million tonnes, compared MPOB FFB REF PRICE (MILL GATE PRICE) GRADE A GRADE B GRADE C with a 13.1% surge in exports due to Ramadan REGION OER (RM/TON) OER(RM/TON) OER (RM/TON) demand for cooking purposes as buyers NORTH 20.00% 598 19.00% 572 18.00% 546 stock up on supplies. SOUTH 20.00% 605 19.00% 579 18.00% 553 20.00% 604 19.00% 578 18.00% 552 A stronger ringgit of which the currency palm CENTRAL oil is traded in, makes palm oil more expensive EAST COAST 20.00% 600 19.00% 574 18.00% 548 SABAH 22.00% 581 21.00% 558 20.00% 534 for foreign currency holders. — Reuters SARAWAK 22.00% 590 21.00% 566 20.00% 542 20.00 Apr 10, 2007 700 Jun 8, 2016 Oil prices hit eight-month high on supply disruptions Oil prices jumped to their highest level in eight months yesterday, rising for a third consecutive session on supply disruptions in Nigeria and strong Chinese demand data. US Brent crude futures rose 66 US cents at US$52.10 a barrel to the highest level since October 2015 at US$52.24 a barrel. US West Texas Intermediate crude futures were up 58 US cents to US$50.94 a barrel, after reaching US$51.12, their highest since July 2015. There was also a larger-than-expected drop in US crude inventories on Tuesday, indicating an easing of the global supply glut. A weaker US dollar yesterday also boosted prices. “The market sentiment is positive; the trend and the momentum point to further gains,” said Carsten Fritsch, commodities analyst at Commerzbank. — Reuters Centrifuged Latex Aug 31, 2008 Commodities AGRICULTURE UNIT EXCHANGE RM/TON SEN/KG USC/BSH USC/BSH USC/BSH USC/IBS US$/TON USC/IBS USC/IBS USC/IBS MDEX MRB CBOT CBOT CBOT CME NYBOT NYBOT NYBOT NYC 2,588 510.00 429.75 1,152.75 509.50 116.00 3,078 133.80 19.31 65.50 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 16,850 -100 2.0680 0.0135 1,255.10 9.60 1,014.80 15.40 563.90 11.75 16.85 0.46 11,870 155 15,625 -130 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 50.94 0.58 1.5639 0.0156 2.574 0.017 52.10 0.66 463.50 7.25 CRUDE PALM OIL RUBBER CORN SOYBEANS WHEAT LIVE CATTLE COCOA COFFEE SUGAR COTTON -11 -4.00 2.00 11.50 0.50 -0.55 5 -0.35 0.19 -0.34 METAL & PRECIOUS METALS TIN COPPER GOLD PLATINUM PALLADIUM SILVER ALUMINIUM ZINC ENERGY Sen/Kg 1100 1700 900 1325 437.50 950 (-14.00) 500 510.00 (-4.00) 575 300 Jan 7, 2007 LAST PRICE CHANGE Rubber - M’sia SMR 20 Sen/Kg 700 Jun 8, 2016 200 Jun 8, 2016 Jan 7, 2007 Jun 8, 2016 Markets 32 T HU R SDAY JU N E 9, 2 0 16 • TH EEDGE F I N AN C I AL DAI LY F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1 YOUR DAILY FINANCIAL MARKET S ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0 G L O BA L M A R K E T S PA G E 2 9 M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5 RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com] KLCI 1,657.85 FBM ACE 5,447.91 2.77 40.52 FTSTI 2,862.38 14.29 NIKKEI 16,830.92 155.47 HANG SENG 21,297.88 There is just one life for each of us: our own. — Euripides STOCK 1666.0 1664.6 1663.2 1661.8 1660.4 1659.0 1657.6 1656.2 1654.8 1653.4 1652.0 Index point 1,659.00 (-3.50) KLCI futures 1,657.85 KL Composite Index 8:45 9:30 10:30 11:30 12:45 (-2.77) 14:30 15:30 16:30 17:15 Daily FBM KLCI Moving average - 20-day KL Composite Index 1950.0 M3TECH SUMATEC AWC DRBHCOMC20 IFCAMSC PERISAI RGB BJCORP ARMADA-C11 ASIAPLY-WA HWGB KTC EG IVORY-WA SPSETIA KNM-WA Daily top 20 active stocks VOLUME ('000) CHANGE (%) CHANGE (RM) CLOSE (RM) HIGH (RM) LOW (RM) 94,584 93,941 44,948 30,415 20,385 12,248 11,283 10,465 10,336 9,780 9,688 8,228 7,813 7,350 6,340 5,888 -43.75 0.00 4.86 -18.18 3.96 3.92 6.25 1.37 100.00 3.23 -8.33 10.34 0.00 15.79 -0.32 0.00 -0.105 0.000 0.035 -0.010 0.020 0.010 0.010 0.005 0.010 0.005 -0.005 0.030 0.000 0.015 -0.010 0.000 0.135 0.110 0.755 0.045 0.525 0.265 0.170 0.370 0.020 0.160 0.055 0.320 0.905 0.110 3.100 0.080 0.265 0.115 0.785 0.060 0.540 0.270 0.170 0.375 0.020 0.170 0.060 0.325 0.935 0.115 3.160 0.085 0.135 0.105 0.730 0.045 0.505 0.255 0.165 0.365 0.010 0.155 0.050 0.290 0.900 0.095 3.060 0.080 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. 1,657.85 (-2.77) 1667.5 FBM KLCI rally stunted by profit-taking, ringgit weakens 1,635.34 1385.0 1102.5 820.0 Jan 2, 2008 Jun 8, 2016 900 600 300 0 Volume (’mil) FBM KLCI futures CONTRACT SETTLEMENT CHANGE HIGH LOW JUN 16 JULY 16 SEP 16 1,659.00 1,657.00 1,647.00 -3.50 -5.00 -5.50 1,666.50 1,664.00 1,655.00 1,654.00 1,653.00 1,644.00 KLCI POINTS CHANGE (RM) CLOSE (RM) VOLUME ('000) 0.75 0.60 0.50 0.47 0.44 0.40 0.40 -0.18 -0.43 -0.44 -0.45 -0.59 -0.67 -0.77 -0.83 -2.01 -2.79 0.02 -2.77 0.060 0.180 0.080 0.240 0.030 0.030 0.040 -0.010 -0.040 -0.070 -0.060 -0.040 -0.220 -1.600 -0.060 -0.120 5.750 21.960 6.720 5.600 4.540 6.700 1.740 1.660 4.360 8.380 7.620 5.630 7.360 50.200 6.440 8.270 1181.6 387.3 4922.1 1638.1 10954.1 13214.0 34659.7 3310.1 10855.2 1805.9 3879.7 7036.7 13.3 439.5 5619.0 11639.3 FBM KLCI sensitivity* MAXIS PETRONAS GAS TELEKOM MALAYSIA UMW HOLDINGS CIMB GROUP PETRONAS CHEMICAL SAPURA-KENCANA YTL CORPORATION IOI CORP BHD GENTING BHD MISC BERHAD AXIATA GROUP KLCC PROP REIT BRITISH AMERICAN TOBACCO IHH HEALTHCARE MAYBANK SUB-TOTAL OTHERS GRAND TOTAL * How stock price changes affected the index on the previous trading day 17.95 Market movers UNUSUAL MARKET ACTIVITIES FBM KLCI & KLCI futures intraday DOW JONES 17,938.28 30.36 M3TECH SUMATEC ARMADA AWC AIRASIA AIRASIAC33 SKPETRO DRBHCOMC20 DRBHCOMC19 KNM VIVOCOM-WB VIVOCOM DGB KBUNAI IFCAMSC OCR AAX-WA AAX DRBHCOM NETX TURNOVER (‘000) CHANGE (RM) CHANGE (%) PRICE (RM) PE RATIO DIVIDEND YIELD (%) 94,583.8 93,941.1 62,748.6 44,948.4 41,034.3 35,822.8 34,659.7 30,414.9 29,820.8 26,074.2 24,464.1 23,188.4 22,447.4 20,871.7 20,384.5 19,939.9 19,472.7 16,270.5 15,843.0 14,133.5 -0.105 UNCH 0.030 0.035 0.060 0.025 0.040 -0.010 -0.020 0.005 -0.010 -0.010 -0.005 UNCH 0.020 -0.005 -0.005 -0.005 -0.045 UNCH -43.75 UNCH 4.23 4.86 2.31 8.93 2.35 -18.18 -12.90 1.09 -6.06 -3.45 -7.69 UNCH 3.96 -0.93 -1.82 -1.27 -4.37 UNCH 0.135 0.110 0.740 0.755 2.660 0.305 1.740 0.045 0.135 0.465 0.155 0.280 0.060 0.055 0.525 0.535 0.270 0.390 0.985 0.040 — 18.97 — 21.24 5.72 — — — — 35.94 — 20.00 — — 35.56 — — — — — 0.00 0.00 1.15 0.00 1.54 0.00 0.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.98 0.00 0.00 0.00 5.83 0.00 Top gainers and losers (ranked by RM) UP NESTLE DLADY KESM PANAMY ULICORP UMW UTDPLT SCIENTX PETGAS BJCORP-WC AHEALTH HLIND CLOSE CHANGE (RM) 76.600 56.900 5.150 29.880 5.870 5.600 26.580 12.600 21.960 0.165 4.020 8.170 0.500 0.300 0.300 0.280 0.250 0.240 0.180 0.180 0.180 0.160 0.160 0.150 0.020 0.025 0.210 0.015 0.015 0.035 0.035 0.035 0.045 0.190 100.00 66.67 50.00 50.00 50.00 40.00 40.00 40.00 28.57 26.67 DOWN BAT BJCORP-LE KLCC EDGENTA BKAWAN HSI-HX TAKAFUL MAYBANK M3TECH KLK SUCCESS INARI CLOSE CHANGE (RM) 50.200 0.700 7.360 3.400 17.900 0.380 3.870 8.270 0.135 23.300 2.170 3.060 -1.600 -0.300 -0.220 -0.210 -0.200 -0.140 -0.130 -0.120 -0.105 -0.080 -0.080 -0.070 0.005 0.010 0.015 0.010 0.010 0.700 0.060 0.380 0.110 0.075 -50.00 -50.00 -40.00 -33.33 -33.33 -30.00 -29.41 -26.92 -26.67 -25.00 KUALA LUMPUR: The FBM KLCI saw a wave of profit taking by investors yesterday after more than a week-long rally since June 1, which resulted in the benchmark index falling as low as 1,653.25 points after the mid-day break. At the end of trading hours, it pared some losses to settle at 1,657.85 points, a mild decline of 2.77 points or 0.17% from Tuesday’s close. The ringgit has also weakened to 4.0623 against the US dollar, and to 3.0026 versus the Singapore dollar. JF Apex Securities Bhd head of research Lee Chung Chen Top gainers and losers (ranked by percentage) told theedgemarkets.com that investors were largely in a profitUP CHANGE DOWN CHANGE taking mood after the FBM KLCI’s rally since the start of June. CLOSE (%) CLOSE (%) “As for now, retail investors are still staying on the sidelines. BJCORP-WC 0.165 3200.00 DRBHCOMC18 0.005 -50.00 Market is looking for its direction, pending the outcome of 0.030 100.00 LIONCOR-WB 0.010 -50.00 the Brexit issue by the end of this month, and perhaps more UMW-CV ARMADA-C11 0.020 100.00 KOSSAN-CK 0.005 -50.00 clarity on whether there will be a rate hike in the US,” he said. UEMS-C22 0.025 66.67 KFM-WA 0.010 -50.00 Lee was of the view that the supporting level for the FBM SUNZEN-WA 0.210 50.00 M3TECH 0.135 -43.75 KLCI was at 1,615 points, with resistance at 1,670 points. PBBANK-C4 0.015 50.00 DGB-WA 0.015 -40.00 0.015 50.00 KEURO-WE 0.010 -33.33 Reuters reported Southeast Asian stocks were trading DAYANG-CV 0.035 40.00 CSL-WA 0.010 -33.33 cautiously yesterday, in line with Asian markets, with HSI-C19 0.035 40.00 BJCORP-LE 0.700 -30.00 Indonesia snapping three consecutive days of gains on profit- UMW-CW UEMS-C20 0.035 40.00 FBMKLCI-H57 0.060 -29.41 taking, while the Philippine index and Vietnam extended UEMS-C29 0.045 28.57 HSI-HX 0.380 -26.92 gains from the previous session. PMETAL-CP 0.190 26.67 FBMKLCI-H70 0.110 -26.67 Asian peers were flat as weak Chinese export data offset a brightening energy sector outlook, alongside an expected Top gainers and losers - warrants (ranked by percentage) delay in interest rate hikes by the US Federal Reserve. China UP CHANGE DOWN CHANGE had announced its May exports fell by a more-than-expected, CLOSE (%) CLOSE (%) i.e. 4.1% from a year earlier. — by Chester Tay BJCORP-WC 0.165 3200.00 DRBHCOMC18 0.005 -50.00 UMW-CV 0.030 100.00 LIONCOR-WB 0.010 -50.00 World equity indices DOW JONES S&P 500 NASDAQ 100 FTSE 100 AUSTRALIA CHINA HONG KONG INDIA I want an edge! CLOSE CHANGE 17,938.28 2,112.13 4,513.09 6,284.53 5,369.98 2,927.16 21,297.88 27,020.66 17.95 2.72 -10.55 11.13 -1.05 -8.89 -30.36 10.99 INDONESIA JAPAN KOREA PHILIPPINES SINGAPORE TAIWAN THAILAND VIETNAM CLOSE CHANGE 4,916.06 16,830.92 2,027.08 7,722.79 2,862.38 8,715.48 1,445.54 627.87 -17.93 155.47 15.45 12.25 14.29 35.58 3.12 3.22 Email: hotline@bizedge.com Fax: (03) 7721 8282 ARMADA-C11 UEMS-C22 SUNZEN-WA PBBANK-C4 DAYANG-CV HSI-C19 UMW-CW UEMS-C20 UEMS-C29 PMETAL-CP KOSSAN-CK KFM-WA DGB-WA KEURO-WE CSL-WA BJCORP-LE FBMKLCI-H57 HSI-HX FBMKLCI-H70 E&O-C3 FOR OFFICE USE This part will be completed by The Edge Communications Sdn Bhd and will be faxed/emailed back to you. YES, I would like to order The Edge Financial Daily at RM1.60 per copy The following newsagent who delivers to your area will contact you: MY DETAILS Newsagent name Name Company Company Address NEWSAGENT’S DETAILS Delivery address Tel no. Mobile no. Fax no. 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