Th eEdge Property .com
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Th eEdge Property .com
FBM KLCI 1657.58 6.14 KLCI FUTURES 1647.00 5.00 STI 2773.07 38.13 RM/USD 3.9860 CPO RM2616.00 77.00 OIL US$45.08 0.11 GOLD US$1278.60 13.20 PP 9974/08/2013 (032820) PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST) THURSDAY MAY 5, 2016 ISSUE 2160/2016 ‘Hong Kong bank accounts frozen for some entangled in 1MDB probe’ FINANCIAL DAILY MAKE BETTER DECISIONS PA G E 2 www.theedgemarkets.com 3 HOME BUSINESS Ringgit falls most in eight months on US rate hike talk 5 HOME BUSINESS ‘Government not revising growth and defi ficit targets despite stable oil prices’ s the y, it' l s u o i Ser 5 HOME BUSINESS Confidence fidence in Confi China-based firms firms sinks further 14 H O M E ! t r a Get smt x e n r u Team Adenan set o Find y 1MDB’S BOARD QUITS Y L N andOadvisory board ortal p y t r propeou need y e @ m o h rty.com to be dissolved e p o r P e g d E e Th for big win 15 H O M E AG: Case involving SD by previous owner of bungalow not closed Changes C hanges ccome ome sshortly hortly after defaulted on a fter tthe he ffund und d efaulted o n iinterest nterest p payment. ayment. Gho G ho Chee Chee Y Yuan uan h has as tthe he on sstory tory o n Page 3. 18 C O M M E N T Asian banks have dug themselves into US$60b hole S’pore probes complex transactions Investigations involve ‘many shell companies’ in 1MDB case PA G E 2 FBM KLCI 1657.58 6.14 KLCI FUTURES 1647.00 5.00 STI 2773.07 38.13 RM/USD 3.9860 CPO RM2616.00 77.00 OIL US$45.08 0.11 GOLD US$1278.60 13.20 PP 9974/08/2013 (032820) PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST) THURSDAY MAY 5, 2016 ISSUE 2160/2016 FINANCIAL DAILY MAKE BETTER DECISIONS ‘Hong Kong bank accounts frozen for some entangled in 1MDB probe’ PA G E 2 www.theedgemarkets.com 3 HOME BUSINESS Ringgit falls most in eight months on US rate hike talk 5 HOME BUSINESS ‘Government not revising growth and deficit targets despite stable oil prices’ 5 HOME BUSINESS Confidence in China-based firms sinks further 14 H O M E Team Adenan set for big win 15 H O M E AG: Case involving SD by previous owner of bungalow not closed 1MDB’S BOARD QUITS and advisory board to be dissolved Changes come shortly after the fund defaulted on interest payment. Gho Chee Yuan has the story on Page 3. 18 C O M M E N T Asian banks have dug themselves into US$60b hole S’pore probes complex transactions Investigations involve ‘many shell companies’ in 1MDB case PA G E 2 2 T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY For breaking news updates go to www.theedgemarkets.com ON EDGE T V www.theedgemarkets.com #Justsaying: The face of El Nino Singapore probes complex transactions Investigations involve ‘many shell companies’ in 1MDB case BY ANITA G ABRI E L 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, Surinder Jessy, 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 SINGAPORE: The authorities are probing “complex and layered transactions” with “cross-border elements” involving many shell companies in their investigations into 1Malaysia Development Bhd (1MDB), according to prosecutors here. This was revealed by Singapore’s chief prosecutor Tan Ken Hwee at the third mention in the state court in the case involving Kelvin Ang Wee Keng, who was charged with corrupt transactions in a massive ongoing probe into 1MDB. While the submission in court again made no mention of 1MDB, it is widely accepted that the case involves the probe into the money trail of Malaysia’s troubled statebacked firm. “Unravelling, unpacking and comprehensively analysing all the transactions have taken, and will continue to take, a significant amount of time,” said Tan in his submission for Ang to be further remanded for another week. Ang, 34, was charged on April 20 for corruptly giving a gratification sum of S$3,000 (RM8,797) sometime between 2013 and 2014 to research analyst Lee Chee Waiy to expedite preparation of a favourable valuation report to be issued by his equity research firm. Ang, who appeared in court via video link, is believed to be 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 While the submission in court again made no mention of 1MDB, it is widely accepted that the case involves the probe into the money trail of Malaysia’s troubled statebacked firm. Photo by Reuters employed in the finance sector. He also dealt extensively for over two years with another accused in the 1MDB case, ex-private banker of BSI Singapore Yeo Jiawei and “some others implicated in improper dealings”, according to Tan. “Progress has been made in the investigations regarding the accused’s role in the various matters being scrutinised. There are still, however, some remaining in- vestigations that require a further period of remand,” Tan submitted. “CAD (Commercial Affairs Department) officers have been working on this and related matters round-the-clock, and we expect to finalise the position in relation to this accused within the next six days,” he added. District Judge Christopher Goh granted prosecution’s application to further remand Ang. — The Business Times 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 ‘Hong Kong bank accounts frozen for some entangled in 1MDB probe’ SINGAPORE: Hong Kong bank accounts belonging to several unnamed individuals have been frozen amid global investigations into the finances of a troubled Malaysian state fund, according to people with knowledge of the matter. Those who had their funds locked are being probed by authorities in countries outside Malaysia, such as Singapore, the people said, asking not to be identified because of the sensitivity of the matter. 1Malaysia Development Bhd (1MDB), which defaulted on its debt last month, is at the centre of multiple inquiries stretching from Switzerland to the United States amid allegations of money laundering and embezzlement, and has consistently denied wrongdoing. Malaysia’s central bank last week fined 1MDB and announced it was ending its investigation. It’s not clear which Hong Kong authorities ordered the accounts Indonesia’s Lotte Mart halts Reckitt Benckiser orders amid outcry SEOUL: Supermarket chain Lotte Mart said it will stop ordering some Reckitt Benckiser Group plc products, after the British maker of household cleaners was among companies probed by South Korean authorities for selling humidifier disinfectants linked to respiratory illnesses and death among users. The Lotte Shopping Co Ltd unit, which operates about 100 supermarkets in the country, cited public calls for boycotts as the reason for its move. Reckitt Benckiser had stopped selling the disinfectant made by its South Korean Oxy unit since 2011, amid reports of fatalities among users of products made by Reckitt Benckiser and other companies, including Lotte Mart’s own in-house brand. — Bloomberg Pimco buying emerging markets; likes rouble, Mexican peso EDITORIAL ADMINISTRATION Manager Katherine Tan Assistant Manager Madeline Tan Senior Coordinator Maryani Hassan IN BRIEF freeze, or if the banks acted on their own volition. The Financial Times in September reported that Hong Kong police were investigating some deposits related to 1MDB after a complaint was lodged. Malaysia said those claims were baseless and politically motivated, the newspaper reported. Hong Kong’s anti-corruption agency and the police said they don’t comment on individual cases. Authorities in Singapore said in February they had frozen “a large number” of accounts in connection with possible money laundering related to the 1MDB probe. The Southeast Asian nation has charged two men following investigations into their dealings with the fund and related entities. Prosecutors there describe the probe as its “most complex cross-border investigation”. Authorities in other countries such as Switzerland are also ex- amining claims that 1MDB was used to funnel money to politically-connected individuals. A Malaysian parliamentary committee had identified at least US$4.2 billion of irregular transactions by the fund. Prime Minister Datuk Seri Najib Razak chairs the advisory board of 1MDB and has faced calls from opposition politicians and former leader Tun Dr Mahathir Mohamad to resign as premier over alleged mismanagement at the fund. He has consistently denied wrongdoing. The Malaysian attorney-general’s office in January cleared Najib of any graft in receiving a large donation in his personal accounts from the Saudi royal family before the 2013 general election, with most of the money later returned. It rejected at least two requests from Malaysia’s central bank for criminal proceedings against 1MDB. — Bloomberg LONDON: Asset manager Pimco said yesterday it was time to actively engage in emerging markets again and highlighted the Russian rouble and Mexican peso as examples of assets that offered potential gains. Pimco’s head of asset allocation for EMEA (Europe, the Middle East and Africa), Geraldine Sundstrom, said commodity prices appeared to be hitting a bottom, Chinese growth was stabilising and the dollar was no longer on an uptrend. “The landscape in emerging markets has been steadily improving over the last few months. With this in mind, we are beginning to redeploy capital to EM where we can find good value,” Sundstrom said in a note. — Reuters US private sector job growth slows in April NEW YORK: US private employers added 156,000 jobs in April, well below economists’ expectations and the weakest gain in three years, a report by a payrolls processor showed yesterday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 196,000 jobs, with estimates ranging from 116,000 to 225,000. It was the smallest increase since April 2013. Private payroll gains in the month earlier were revised down to 194,000 from an originally reported 200,000 increase. — Reuters CVC Capital poaches top HSBC SEA dealmaker SINGAPORE: CVC Capital Partners, the biggest European buyout firm, has hired HSBC Holdings plc’s most senior Southeast Asia (SEA) dealmaker Alvin Lim, people with knowledge of the matter said. Lim, who was a managing director and head of SEA banking advisory at HSBC, will start work at CVC Capital next month, focusing on investments in Singapore and Malaysia, the people said. — Bloomberg HOME BUSINESS 3 THU RSDAY MAY 5 , 20 16 • T HEED G E FINA NCIA L DA ILY NEWS IN BRIEF 1MDB board quits, advisory board to be dissolved Changes come shortly after fund defaulted on interest payment BY GHO C H EE Y UAN KUALA LUMPUR: Minister of Finance Inc (MoF Inc) confirms its acceptance of the resignation of 1Malaysia Development Bhd’s (1MDB) current board of directors effective May 31, in line with the governance changes and asset transfer. MoF Inc also announced that 1MDB’s board of advisers, chaired by Prime Minister Datuk Seri Najib Razak, will be dissolved under the changes to the troubled strategic investment fund’s governance. Accordingly, MoF Inc said in the statement yesterday that the Article 117 of 1MDB’s memorandum and articles of association will be removed and all references of “prime minister” will be changed to “Minister of Finance”. The ownership of Bandar Malaysia Sdn Bhd, TRX City Sdn Bhd, Air Itam land and Pulau Indah land will also be transferred from 1MDB to MoF Inc, according to the statement. MoF Inc’s announcement comes on the heels of 1MDB having defaulted on interest payment of US$50.3 million to its bondholders on April 25. 1MDB’s default triggers cross default on 1MDB Board of Directors Tan Sri Lodin Wok Kamaruddin Chairman Arul Kanda Kandasamy President and group executive director Datuk Shahrol Azral Ibrahim Halmi Founding managing director and former chief executive officer Tan Sri Ismee Ismail Director Tan Sri Ong Gim Huat Director Ashvin J Valiram Director all its debt papers that are guaranteed by the government, including the RM5 billion sukuk plus RM800 million loan by the Social Security Organisation or Socso. The MoF Inc, the sole shareholder of 1MDB, said it will appoint new members in due course to reflect the limited business profile of the fund. MoF Inc said the changes follow recommendations made in the Public Accounts Committee (PAC) report on 1MDB, which included the resignation of the current board of directors. “After a detailed study and due deliberation, MoF Inc has agreed to fully implement the various rec- ommendations contained in the PAC report on 1MDB,” MoF Inc said in the statement. According to 1MDB’s website, its board of directors comprises chairman Tan Sri Lodin Wok Kamaruddin, president and group executive director Arul Kanda Kandasamy, former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi, directors Tan Sri Ismee Ismail, Tan Sri Ong Gim Huat and Ashvin J Valiram. The current board members on April 7 offered their resignations to MoF Inc. MoF Inc said, nevertheless, Arul Kanda will remain in his current role as president of 1MDB until further notice. “He will continue to focus on his specific mandate to implement the rationalisation plan, which will include resolution of the recent contractual dispute with International Petroleum Investment Co.” To recap, besides the change of governance and asset transfer, one of the highlights in the PAC report is that the committee wants an investigation into 1MDB’s former chief executive officer Shahrol Azral and other executives. The committee, however, did not reveal those names. Ringgit falls most in eight months on US rate hike talk KUALA LUMPUR: The ringgit slumped by the most in eight months after Federal Reserve Bank of Atlanta president Dennis Lockhart said a US interest-rate increase in June was “a real option”. The comments sparked a surge in the greenback, with the Bloomberg Dollar Spot Index rising from the lowest level in a year. Brent crude hovered around US$45 (RM180) a barrel after falling more than 6% in the past two days, dimming the outlook for Malaysia’s finances as Asia’s only major net oil exporter. The weakness in the commodity price has helped send the ringgit to its lowest level since March 29. While Lockhart said two rate increases are possible this year, futures are only pricing in a 12% probability of such a move by June and 55% by the final meeting in December 2016. Mitul Kotecha, the head of Asian foreign-exchange and interest-rate strategy at Barclays plc in Singapore, said the moves in regional currencies reflected more of a “market positioning shift” than a fundamental one. “This partly reflects the dollar’s turnaround,” Kotecha said. “That, combined with the fact that there’s been a drop in commodity prices, has weighed on some currencies such as the ringgit.” The ringgit dropped 1.5% to 3.9925 per dollar in Kuala Lumpur, the biggest decline since Sept 7, according to prices from local banks compiled by Bloomberg. It’s now fallen 2.3% this quarter, after rising more than 10% in the previous three months. 1Malaysia Development Bhd (1MDB), the state-owned investment company that defaulted on a US$1.75 billion bond last week, is asking investors to hold off any request for early repayment on its Islamic debt, according to a person familiar with the matter. 1MDB has submitted a request to the trustees of RM7.24 billion (US$1.8 billion) of sukuk for a waiver on the “acceleration process” for the bonds, the person said, asking not to be identified because the information isn’t public. The Minister of Finance Inc, the shareholder of 1MDB, said the board will resign on May 31, according to an emailed statement yesterday, while Arul Kanda Kandasamy will remain as company president. Malaysian 10-year government bonds fell, with the yield rising two basis points to 3.9%, according to prices from Bursa Malaysia. — Bloomberg Kobay Technology to undertake restructuring KUALA LUMPUR: Kobay Technology Bhd plans to undertake an internal group reorganisation via inter-companies’ disposal of its entire stake in four of its wholly-owned units to another wholly-owned subsidiary, Lipo Corp Sdn Bhd, for RM18.8 million. In a filing with Bursa Malaysia, Kobay said the exercise will allow for better management and control of the manufacturing activities under the same portfolio. Kobay said it had entered into a share sale agreement to dispose of its stake in Polytool Technologies Sdn Bhd, Maker Technologies Sdn Bhd, Bend Weld Engineering Sdn Bhd and Omni Value Chain Sdn Bhd with Lipo. The total cash consideration that will be raised by Lipo is via an issuance of 5.63 million ordinary shares of RM1 each at an issue price of RM3.35 per share in the paid-up capital of Lipo. Kobay said the transactions will not give rise to any gain or loss to the group, but at the company level, it shall record a gain from the disposal of RM13.99 million after deducting the original cost of investment of RM4.8 million in the four companies. The transactions are expected to be completed by the second quarter of calendar year 2016. Daibochi trims dividend in 1QFY16 KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd, which will expand into the Australia and New Zealand (ANZ) market beginning this quarter, saw its net profit growing 5.2% to RM6.51 million or 2.38 sen per share in the first financial quarter ended March 31, 2016 (1QFY16), from RM6.19 million or 2.27 sen per share a year ago. Quarterly revenue was 4.1% higher at RM89.7 million, from RM86.16 million a year earlier (1QFY15), due to increase in export sales, particularly with more orders from a Thai customer in line with its marketing campaign. The plastic packaging manufacturer declared an interim dividend of 1.45 sen, substantailly lower compared with 3.5 sen in the previous corresponding quarter. The dividend is payable on June 10. Going forward, Daibochi said it remains steadfast in its strategy to constantly explore opportunities to expand export sales and introduce innovative products to drive long-term growth. In this regard, it is on track to commence the delivery of its new export contracts to the ANZ market, from the second and third quarters of 2016 onwards. “In line with our ongoing long-term expansion plans, the group has commenced the second phase of expansion of Daibochi Plastic Plant 2 with a capital expenditure of approximately RM13 million, which includes new machinery and other works,” it added. Extra time for Lion Corp to submit regularisation plan KUALA LUMPUR: Lion Corp Bhd has obtained Bursa Malaysia’s approval for an extension of time to submit its regularisation plan. The loss-making steel giant now has up to July 31 to submit the plan. Lion Corp, which has been in Practice Note 17 status since October 2013, noted that Bursa Malaysia has the right to suspend the counter if it fails to submit the plan before the deadline. The company announced in October last year that it was in the midst of securing potential investors for its subsidiary as part of its regularisation plan. It said its 78.89%-owned subsidiary, Megasteel Sdn Bhd, will be included in the plan, adding that the group will continue to seek potential investors to invest in Megasteel. Megasteel is principally involved in the manufacturing and sale of hot-rolled coils and cold-rolled coils. Lion Corp’s share price closed up 0.5 sen or 12.5% at 4.5 sen, with a market capitalisation of RM59.23 million. 4 HOME BUSINESS T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY Concerns over 1MDB weigh on AMMB’s share price Controversies do have an indirect impact on ANZ’s stake BY TA N SI EW MU NG KUALA LUMPUR: Australia and New Zealand Banking Group Ltd’s (ANZ) chief has hinted that concerns over controversies surrounding 1Malaysia Development Bhd (1MDB) do have an indirect impact on the value of its stake in AMMB Holdings Bhd. Besides, he told the media that ANZ has yet to receive any “formal” offers to buy its 23.78% stake in AMMB. ANZ chief executive officer (CEO) Shayne Elliott was quoted by an Australian daily The Australian as saying it was unquestionable that 1MDB’s debt concerns and the Malaysian economy had a broad-based impact on Malaysian asset valuations. AMMB’s share price was no exception, he commented. “Has the 1MDB and the Malaysian economy and all those situations, impacted the AmBank (AMMB) share price? Unquestionably.” “It (1MDB) has impacted the valuation of lots of things in Malaysia, so it will have had an impact. But it’s not a direct response to that,” Elliott was quoted by the media as saying in a press conference on May 3 to release its financial results for the first half financial year ended March 31, 2016. ANZ through ANZ Funds Pty Ltd is the largest shareholder of AMMB, holding a 23.78% stake. The Employees Provident Fund is the second biggest shareholder with a 15.01% stake, followed by Tan Sri Elliott: ANZ has yet to receive any ‘formal’ offers to buy its 23.78% stake in AMMB. Azman Hashim with 12.97%. Elliott stressed that ANZ has no exposure to 1MDB. He said there was “no 1MDB issue” for the ANZ board to discuss. “We don’t have an exposure to 1MDB.” “In terms of our partnership or the minority investment that we have in (AmBank’s holding company) AMMB, all of those stakes get discussed regularly.” Under a shareholder agreement ANZ is entitled to appoint up to four AmBank directors, plus its chief financial officer and chief risk officer, and be consulted on the appointment of the CEO, according to The Australian. Nonetheless, Elliott, who was on the AmBank board until October last year, reiterated that ANZ “doesn’t run that bank”. “ANZ is not formally party to detailed information around the bank there and therefore it would not be appropriate or frankly even poten- tially legal for our board to be having in-depth information sharing around specific allegations,” he said. The Australian reported that ANZ chief financial officer Graeme Hodges declined to reveal how much money AmBank had loaned to 1MDB. AmBank hogged the limelight when news reported that Prime Minister Datuk Seri Najib Razak received RM2.6 billion cash through his personal account in the bank. Najib explained that the money was a donation from the Middle East. Prior to that, Ashok Ramamurthy from ANZ stepped down as the group managing director of AMMB in late January 2015. Ashok joined AmBank group from ANZ in 2007, first as chief financial officer before taking on the top position in 2012. His resignation at the time sparked rumours that it was over controversial loans that AmBank Group had extended to 1MDB. However, AmBank group reiterated that Ashok’s resignation was not related to any issues with 1MDB. Ashok in March this year also left ANZ. On Tuesday, ANZ announced that it had incurred a A$260 million (RM777.8 million) impairment on its investment in AMMB during the first half ended March 31, 2016 (1HFY16). In its filing with the Australian Stock Exchange, ANZ explained that the AMMB impairment was among reasons for ANZ’s weaker 1HFY16 financials, compared with a year earlier. During 1HFY16, ANZ said statutory profit after tax fell to A$2.74 billion from A$3.51 billion. Blackstone said in talks to buy Sime Darby’s Australian assets SINGAPORE: Blackstone Group LP is in talks to acquire industrial property assets in Australia valued at about A$250 million (RM748 million)from Malaysian palm oil producer Sime Darby Bhd, according to people familiar with the matter. The New York-based private equity firm is in discussions to acquire as many as five industrial buildings in Australia, the people said, asking not to be identified because the discussions aren’t public. Blackstone has also agreed to buy a majority stake in three of Sime Darby’s property assets in Singapore valued at about S$300 million (RM884 million), the people said. The conglomerate, Malaysia’s biggest listed palm oil producer, is looking to sell its property assets in Australia and Singapore in its efforts to pare down debt. Chief executive officer Tan Sri Mohd Bakke Salleh told reporters at a Feb 24 briefing in Kuala Lumpur that the company is seeking to raise RM1.5 billion through sales. “In Australia, we have 13 properties and in Singapore we have three. We are looking at disposing of office buildings and industrial properties in the two countries,” Mohd Bakke told reporters in February. The asset sales and an Islamic bond issuance will help reduce Sime Darby’s gearing to 54% by the fiscal year ending June 30 from 61% currently, Mohd Bakke said at the time. “We are working on various options including asset monetisation to help manage the gearing level,” Sime Darby said in an emailed statement on Tuesday, declining to comment on any talks with Blackstone. A Blackstone spokeswoman declined to comment on the talks. The properties in Australia are the ones associated with the conglomerate’s industrial unit, Sime Darby Industrial Division, the world’s third-largest Caterpillar dealer. The industrial unit has dealerships across more than 140 branches in 10 countries throughout the Asia-Pacific. The Singapore sale by Sime Darby was reported last week by The Business Times. — Bloomberg NEWS IN BRIEF TH Heavy says not in talks to sell assets to MISC BY S A N G E E T H A A MA RT H A L IN G A M KUALA LUMPUR: Both TH Heavy Engineering Bhd (THHE) and MISC Bhd yesterday said they are not in talks over disposal of THHE’s floating production and fabrication businesses nor its fabrication yard in Pulau Indah, Selangor. In a filing with Bursa Malaysia, THHE, whose largest shareholder is Lembaga Tabung Haji, said it is not in talks with MISC to sell its floating production, storage and offloading (FPSO) unit, fabrication business nor the Pulau Indah yard to the latter. The loss-making oil and gas support industry player also confirmed that its application to Malayan Banking Bhd (Maybank) for financing did not materialise. “No reasons were provided [by Maybank]. THHE is still pursuing its financing efforts in order to deliver the FPSO project,” it added. MISC also told Bursa that it is not involved in any ongoing dis- cussions with THHE to acquire the latter’s floating production and fabrication businesses. Both companies were responding to news reports that MISC was in talks to acquire THHE. To recap, THHE had won the FPSO project worth US$900 million from Japan’s JX Nippon Oil & Gas Exploration Corp in May 2014, which was the group’s first FPSO project. THHE started fabricating works on the FPSO topside at its Pulau Indah yard in September last year, which was due for completion by the third quarter of this year. L a s t m o n t h , T H H E ’s 70%-owned subsidiary THHE Fabricators Sdn Bhd was banned from participating in future tenders from Petronas Carigali Bhd for two years due to performance-related issues pertaining to the procurement and construction of a topside for the Kinabalu project, off Sabah. MISC shares closed one sen or 0.12% higher at RM8.36 yesterday, while THHE’s share price ended the day unchanged at 13.5 sen. Government mulling free-float mechanism for oil prices, says Chua KUALA LUMPUR: The government is mulling the possibility of replacing the managed float mechanism with a free-float system to set petrol and diesel retail prices, said Deputy Finance Minister Datuk Chua Tee Yong. A free-float system could benefit consumers by introducing competition among petrol station operators, although more detailed studies are needed before a final decision is made, he said. “The government is studying the possibility of implementing a free-float system to replace the current managed float method, but it has not been decided whether oil prices will be determined daily, weekly or fortnightly,” he told the Dewan Negara yesterday. He was replying to a supplementary question from Senator Datuk Mohd Suhaimi Abdullah, who wanted to know whether the government would follow the example of some countries in implementing a free-float mechanism amid the volatile global crude oil prices. Chua said under the present managed float mechanism, RON95 petrol and diesel do not come under the goods and services tax, and their prices are lower than in neighbouring countries. Chua said the government would continue with the managed float system in operation since Dec 1, 2014. “Under this mechanism, the retail prices of RON95 petrol and diesel are based on the average world price of crude oil in the previous month, so if global oil prices drop, petrol pump prices of RON95 petrol and diesel in the country would go down correspondingly, and vice versa,” he said. — Bernama AirAsia chops Bali-Kota Kinabalu route from June 23 BY C H E S T E R TAY KUALA LUMPUR: AirAsia Bhd said it is terminating its Bali-Kota Kinabalu route from June 23 due to “stagnant market growth”. “We worked hard to make the route connecting Kota Kinabalu and Bali a success, offering continuous low fares in addition to substantial marketing and advertising initiatives. However, stagnant market growth has unfortunately impacted the operation of this route and revenues are insufficient to offset the costs,” said AirAsia chief executive officer Aireen Omar. She said AirAsia’s operational costs had also increased “quite substantially” at the Kota Kinablu International Airport’s Terminal 1. The budget airline was forced to move its operations from the airport’s Terminal 2 to Terminal 1 in December last year. Aireen stressed that a dedicated low-cost carrier (LCC) facility in Kota Kinabalu “is inevitable”. “It is our ambition to make Kota Kinabalu into a regional hub where we can further grow our connectivity and continue to increase our fleet as we forecast 12 million passenger arrivals and departures in Kota Kinabalu per annum by year 2021. “We can do this successfully with a dedicated LCC terminal in Kota Kinabalu,” she said. HOME BUSINESS 5 THU RSDAY MAY 5 , 20 16 • T HEED G E FINA NCIA L DA ILY MAA Group selling its 75% stake in takaful arm Proposes to declare an interim special dividend of 35 sen BY MEENA L A KSHA NA KUALA LUMPUR: MAA Group Bhd is selling its 75%-owned subsidiary MAA Takaful Bhd to Zurich Insurance Co Ltd for RM393.75 million cash. In a filing with Bursa Malaysia yesterday, MAA Group said its original costs of investment in MAA Takaful were RM75 million. Assuming that the proposed disposal was completed on Dec 31, 2015, MAA Group expects to record a pro forma non-recurring gain on disposal of RM289.5 million. This follows the group receiving approval from the finance minister, vide Bank Negara Malaysia’s letter dated April 27, for the proposed disposal. Solidarity Group Holding BSC, which holds the remaining 25% equity interest in MAA Takaful, will also be disposing of its stake to Zurich for RM131.25 million. MAA Group said it and Solidarity had signed an agreement with Zurich for the proposed disposal of MAA Takaful for a combined RM525 million. MAA Group also said after the completion of the disposal, the MAA Group says its original costs of investment in MAA Takaful were RM75 million. board is proposing to declare an interim special dividend of 35 sen per MAA Group share, amounting to approximately RM100.8 million, at an entitlement date to be determined and announced later. “The total amount under the proposed special dividend shall be payable out of the disposal consideration,” it added. “It is the intention of the board to maintain the listing status of MAA Group and to utilise the remaining proceeds of RM196.7 million [after deducting estimated expenses relating to the proposal of RM2.5 million] to acquire prospective new businesses and/or assets within 24 months from the completion date,” said MAA Group. However, it said it had not identified any potential investment opportunities. “The board is still evaluating options for the optimal utilisation of the said proceeds inorder to maximise its shareholder value.” MAA Group said the proposed disposal provides an opportunity for it to unlock and realise the value of its investment at an attractive valuation amid an increasingly competitive insurance and takaful sector. “The proposed disposal is timely and [MAA Group] is of the view that as a stand-alone takaful company without banking business nor strategic partnership, prospects for MAA Takaful will be challenging. “Therefore, the proposed disposal represents a good opportunity for the group to unlock the value of its investment in MAA Takaful, as well as for the company going forward,” said MAA Group. MAA Group shares closed unchanged at RM1.06 yesterday, with a market capitalisation of RM305.16 million. No plans to revise GDP and fiscal deficit targets, says Mohd Irwan KUALA LUMPUR: The government is not planning to revise its gross domestic product (GDP) and fiscal deficit targets, although global crude oil prices have stabilised at around US$45 (RM179.55) per barrel and above the US$35 mark set for Budget 2016, said Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar Abdullah. “It’s still premature. We don’t know whether the prices will remain this stable. We are watching closely [the movement of oil prices] and will maintain the GDP growth target. “But in terms of the fiscal deficit, we have some space as [with] higher oil prices, we can undertake more programmes and projects,” Mohd Irwan told a press conference after launching Malaysia Debt Ventures Bhd’s Elevate programme here yesterday. Under the recalibrated Budget Brent crude oil US$/barrel 50.0 US$45.6 38.5 27.0 Dec 9, 2015 May 4, 2016 2016, the economy is projected to grow between 4% and 4.5% this year, based on the assumption of oil prices ranging between US$30 and US$35 per barrel. The government also aims to narrow its fiscal deficit to 3.1% of GDP, from 3.2% last year. Mohd Irwan also announced that Malaysia is spearheading the establishment of the world’s first Islamic venture capital in collaboration with the Islamic Development Bank (IDB). Mohd Irwan said a memorandum of understanding (MoU) is expected to be signed in Jakarta this month between Malaysia Venture Capital Management Bhd (MavCap) and IDB. “Our team from the finance ministry and MavCap are currently at IDB’s headquarters in Jeddah to discuss the final touches to details of the MoU. “We are looking at an initial fund size of US$100 million,” he added. The fund would be utilised to finance start-up companies, not only in Malaysia, but also in the region and other Islamic countries. — Bernama MOST VIEWED STORIES ON theedgemarkets.com F&N’s 2Q net profit up 28.5%, pays 27 sen dividend BY G H O C H E E Y UA N KUALA LUMPUR: Fraser & Neave Holdings Bhd’s (F&N) net profit rose 28.5% to RM90.57 million or 24.7 sen per share in the second financial quarter ended March 31, 2016 (2QFY16), from RM70.49 million or 19.3 sen per share a year ago, on higher sales and a better product mix. Quarterly revenue was up 6.3% to RM999.17 million, from RM939.89 million in 2QFY15. F&N also declared an interim dividend of 27 sen per share, amounting to RM99 million, payable on June 15. For the half-year period ended March 31, 2016 (1HFY16), its net profit grew 72.5% to RM242.23 million or 66.2 sen per share, from RM140.43 million or 38.4 sen per share in 1HFY15. Revenue rose 3.5% to RM2.05 billion, from RM1.98 billion a year ago. In a statement yesterday, F&N said the group underwent an internal organisation to align its operations and management structure during the period. Its operating businesses are now organised according to products and services, namely Foods and Beverages Malaysia, Foods and Beverages Thailand, Property and Others segments. Its Foods and Beverages Malaysia segment for 1HFY16 recorded a 39.5% jump in operating profit to RM145.9 million, from RM104.6 million in 1HFY15. F&N’s Foods and Beverages Thailand’s operating profit almost doubled to RM107.8 million in 1HFY16, from RM56 million a year ago, lifted by lower milk-based commodity prices, lower trade discounting and favourable baht conversion. On prospects for the remaining two quarters, F&N chief executive officer Lim Yew Hoe expects the market to continue to see higher trade price competition, and end-consumer campaigns and programmes, which will impact contribution margins. RAM raises 2016 CPO price forecast, citing lower output BY SANGEETHA AMARTHALINGAM KUALA LUMPUR: RAM Rating Services Bhd has raised its crude palm oil (CPO) price forecast for 2016, as it expects a lower output due to a prolonged period of unfavourable weather conditions. The lower output, it said, will alleviate inventory woes and thereby supporting prices. RAM said the CPO price is expected to average between RM2,400 and RM2,600 per tonne in the second quarter of 2016 (2Q16), against RM2,300 to RM2,500 expected previously, and ease slightly to RM2,300 to RM2,500 in the second half of 2016. “Competition from soyoil as well as a stronger ringgit could also weigh on the commodity’s price appreciation potential,” it said in a statement yesterday. RAM said the palm oil market is expected to remain balanced by anticipated lacklustre production growth in 2016. It said exports from Malaysia went up 10.1% year-onyear (y-o-y) in 1Q16, partly boosted by CPO exports brought forward prior to the resumption of the nation’s export duty in April. Indonesia’s total palm oil exports also expanded by about 11% y-o-y, the agency said. Indonesia’s biodiesel blending programme, it added, had taken off with the country reportedly collecting US$212 million (RM845.88 million) for the purpose and consumed 732,000 kilolitres of biodiesel in 1Q16. “Although a wider gap between the prices of palm oil and gas oil would compromise the republic’s blending targets, the expected incremental usage of palm oil in biodiesel blending y-o-y is supportive of the palm oil market,” said RAM. Malaysia Airlines picks Amadeus as new passenger service system BY CHESTER TAY KUALA LUMPUR: Malaysia Airlines Bhd is collaborating with Amadeus IT Group SA to develop a new passenger service system (PSS) for the airline. Its chief executive officer Christoph R Mueller said moving its PSS to Amadeus will put the national carrier on the leading edge of airline technology globally. Solutions by Amadeus include the Altéa Suite, a system that delivers streamlined passenger service solutions including inventory, reservations, passenger self-service check-in, departure control and e-commerce. “Malaysia Airlines will be able to offer travellers enhanced speed and convenience, a sophisticated web booking experience, state-ofthe-art mobile applications and bundled offers to suit individual needs. “Passengers can expect a leaner, more agile experience from booking tickets to pre-purchasing excess baggage, meals and managing loyalty points, all at the click of a button,” said Malaysia Airlines in a statement yesterday. The airline said the agreement will also ensure that it has even greater cooperation with its code-sharing partners and within the OneWorld alliance. 6 HOME BUSINESS T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY Confidence in China-based firms sinks further A filepic of one of the vessels owned by Semua Shipping. R&A entered into a nonbinding term sheet with Semua International to take over its wholly-owned unit Semua Shipping as part of its regularisation plan. After two receive ‘possible suspension’ warning from Bursa BY C H EN SHAUA F UI KUALA LUMPUR: Investor confidence in China-based companies listed on Bursa Malaysia appears to have sunk even lower after two of the companies received a “possible suspension” warning from the exchange. The two companies, Maxwell International Holdings Bhd and Multi Sports Holdings Ltd, saw their share prices drop to an alltime low as investors ditched their shares. Maxwell fell 1 sen or 28.57% to a low of 2 sen, before recovering to close at 2.5 sen yesterday. Multi Sports, which fell to an historic low of 3 sen on Tuesday, managed to recover 0.5 sen or 16.67% yesterday to close at 3.5 sen. On Tuesday, Bursa Malaysia warned sports shoe manufacturer Maxwell and sports shoe sole maker Multi Sports that if they fail to submit their annual reports for the year ended Dec 31, 2015, by May 9, their share trades will be suspended the following day. The latest warning is another blow to loss-making Maxwell, which is trying to resolve problems related to its advertising expenditure audit for the third quarter ended Sept 30, 2015. Multi Sports, meanwhile, reported a net loss of RM9.79 million for its third quarter ended COMPANY Maxwell International Holdings Bhd Multi Sports Holdings Ltd China Stationary Ltd Xingquan International Sports Holdings Ltd Sino Hua-An International Bhd XiDeLang Holdings Ltd K-Star Sports Ltd China Automobile Parts Holdings Limited HB Global Ltd China Ouhua Winery Holdings Ltd Sept 30, 2015, after posting a net loss of RM6.09 million in the second quarter. The warning issued to the two companies triggered a selldown of shares in the other China-based companies. Xingquan International Sports Holdings Ltd dropped 0.5 sen or 1.69% yesterday to close at 29 sen and China Automobile Parts Holdings Ltd also fell 0.5 sen or 7.69% to 6 sen. Similarly, K-Star Sports Ltd has been trading at its all-time low since March 24, closing at 4.5 sen yesterday, down 0.5 sen or a 10% drop from Tuesday. It is worth noting that the 10 China-based companies listed on Bursa Malaysia are trading below 10 sen, a stark difference compared with their initial public YESTERDAY’S CLOSING (SEN) NET CASH PER SHARE (SEN) IPO PRICE (RM) 2.5 3.5 9.5 29 3.0 4.5 4.5 6.0 5.0 4.0 92 49 89 126 2.5 11 -4 20 0.09 4.9 0.54 0.85 0.95 1.71 1.00 0.58 2.15 0.68 0.80 0.60 offering (IPO) price of between 54 sen and RM2.15. Alliance Investment Bank remisier Raymond Foo said the companies were delaying their financial statements, facing problems with their accounts, or having fallen into Practice Note 17 status. “Because of this, the investors have lost confidence in these companies. I think it is quite risky now to continue to hold on to these stocks,” he told The Edge Financial Daily. Foo said the share prices of all these companies had fallen below their IPO prices for sometime now. He said he would not be surprised if some of these companies were delisted after failing to resolve their problems. R&A to buy shipping asset from Sumatec BY A H MA D N AQ IB ID R IS KUALA LUMPUR: Sumatec Resources Bhd, controlled by businessman Tan Sri Halim Saad, has again found a potential buyer — R&A Telecommunication Group Bhd — for its 49% stake in Semua Shipping Sdn Bhd. In a filing with Bursa Malaysia yesterday, loss-making R&A announced that it entered into a non-binding term sheet with Semua International Sdn Bhd to take over its wholly-owned unit Semua Shipping as part of its regularisation plan. Under the proposed deal, Semua International will transfer all its shares in Semua Shipping to a special purpose vehicle (SPV) to be collectively held by its existing shareholders, namely Sumatec and Ebony Ritz Sdn Bhd, both holding a 49% stake each, and Singapore-listed Hoe Leong Corp Ltd (2%). Ebony Ritz is 80%-owned by Hoe Leong and 20%-owned by Auspicious Journey Sdn Bhd. R&A shall then enter into a share purchase agreement to purchase the SPV for RM150 million. The sum will be settled by issue of new R&A shares at 10 sen each. R&A’s share price closed at one sen yesterday. In conjunction with the proposed acquisition, R&A said it will seek an extension of four months until Sept 4 for the company to submit a regularisation plan to Bursa. Semua Shipping currently owns six product tankers with a capacity of 8,000 tonnes each. All these vessels currently have long-term charters with Shell Malaysia, said R&A. Meanwhile, R&A said the proposed acquisition is subject to the satisfaction of certain conditions, including a due diligence exercise on Semua Shipping, as well as the finalisation of a binding definitive agreement between the parties. This is not Sumatec’s first attempt to dispose of Semua Shipping. Asia Bioenergy Technologies Bhd last year entered into a heads of agreement to buy out Semua Shipping and Semado Maritime Sdn Bhd from Sumatec and other stakeholders for RM168 million. However, the deal fell through after the heads of agreement entered lapsed in June last year. R&A said it is in the midst of finalising the appointment of a principal adviser for the proposed acquisition. In May last year, R&A triggered the Guidance Note 3 of the ACE Market listing requirements of Bursa when its auditors expressed a disclaimer opinion in the group’s audited financial statements for the financial year ended Dec 31, 2014, which was announced on April 30, 2015. Economic Census 2016 to look back at a challenging 2015 BY C H UA SU E- A NN KUALA LUMPUR: The Department of Statistics Malaysia (DOSM) yesterday launched the Economic Census 2016 exercise to gather vital data on the economy that was in 2015 weighed down by softer domestic demand and macroeconomic uncertainties. The census aims to collect comprehensive data on the profile and structure of Malaysia’s economy and business activities. The Economic Census is a five-yearly affair, with the previous one conducted in 2011 for reference year 2010. The first Economic Census was conducted in 2001. In reading chief statistician Datuk Abdul Rahman Hasan’s speech, deputy chief statistician (economic programme) Ismail Yusoff said the Economic Census 2016 will collect data on factors that contribute to the changing national economic landscape and complex economic environment. This includes the enactment of the goods and services tax from April 1, 2015, the establishment of the Asean Economic Community last year, Digital Malaysia initiatives and e-commerce, as well as Malaysia’s inclusion in the Trans-Pacific Partnership agreement. Ismail added that based on early estimates, Malaysia needed to hit 6% growth per year to achieve its goals of being a developed and high-income nation by 2020. “From 2011 to 2015, despite a challenging economic climate, we managed to achieve average growth rates of 5.3% per annum. Nevertheless, in 2016, the Malaysian economy is expected to grow at a rate of 4% to 4.5%. “This is based on global economic growth uncertainties that can impact our economy due to the open nature of the Malaysian economy and increasing integration of international financial systems,” Ismail said. Last year, the Malaysian economy was affected by a softer ringgit against major currencies, weak consumer sentiment, China’s slowing demand for exports and lacklustre growth in many parts of the global economy. The current Economic Census is also expected to record the impact of the government’s Economic Transformation Programme (ETP), which hopes to push Malaysia towards a developed and high-income nation status by 2020. The previous Economic Census exercise would not have gathered data during the ETP period as the transformation policies were only launched on Sept 25, 2010. For this round, the DOSM had in April begun sending out questionnaires in stages to over 700,000 registered entrepreneurs, companies and businesses, of which 75.2% are in the services sector. The exercise will also cover those in the following sectors: construction (10.9%), manufacturing (10.6%), agriculture (2.8%) and, mining and quarrying (0.5%). The DOSM had in February sent out census forms for businesses and entrepreneurs in the agriculture and agro-food industries. Respondents include businesses registered with the Companies Commission of Malaysia and professional bodies, but excludethose in distributive trade such as retailers, wholesalers and government sub-sectors. The set of 200 questions is primarily distributed via mail, with email questionnaires available on request. Businesses have a 30-day period to respond to the questions, failing which DOSM officers will drop in for a visit. Establishments operating in Malaysia are required by law to provide actual information or best estimates to the DOSM. In a briefing, DOSM’s Yazid Kasim said data derived from the Economic Census can help identify new sources of economic growth, inform economic policies and programmes, and assess the implementation of national development policies such as the 11th Malaysia Plan, SME Master Plan and Services Sector Blueprint. HOME BUSINESS 7 THU RSDAY MAY 5 , 20 16 • T HEED G E FINA NCIA L DA ILY Target price on Hartalega cut again In view of stiff competition and higher operating costs BY GHO C H EE Y UA N KUALA LUMPUR: Analysts have slashed Hartalega Holdings Bhd’s target price (TP) for the second time in three months, despite the world’s largest synthetic glove manufacturer posting a 23% increase in net profit for the financial year ended March 31, 2016 (FY16). Although analysts remain optimistic about the company, they fear that its near-term earnings may not be interesting as most of the good news have been priced in. They have slashed Hartalega’s earnings forecasts for FY17 and FY18 by between 6% and 23%, after taking into account the lower margins arising from intensified competition and higher operating costs. The TP cut by analysts ranges between 65 sen and RM1.02. The share price of Hartalega surged to a one-year high of RM6.07 on Jan 8, from a low of RM3.79 on May 13 last year. But the rebound in the ringgit against the US dollar since the beginning of the year, coupled with a lack of near-term catalysts, did not bode well for Hartalega. Year to date, it has declined by RM1.84 or nearly 31%, underperforming the FBM KLCI, which fell 2.06% during the period. Investors also reacted negatively to the positive earnings news flow, resulting in Hartalega shares falling to RM4.10 yesterday, after touching an eight-month low of RM4.02 earlier in the day. A total of 4.87 million shares changed hands during the day. At RM4.10, it has a market value of RM6.73 billion. The latest closing price is still Hartalega Holdings Bhd Vol (mil) 50 RM 7.0 40 6.2 30 5.4 20 4.6 RM4.10 10 3.8 3.0 0 April 10, 2015 May 4, 2016 at a discount of 29 sen or 6.6% to consensus target price of RM4.39, according to Bloomberg data. “Hartalega is facing intensifying competition as other glove makers are crowding into the nitrile glove segment. The lucrative margins currently enjoyed by Hartalega may not be sustainable going forward,” AllianceDBS Research said in a note to clients yesterday. “In view of Hartalega’s aggressive expansion plan, the group could face difficulties in securing buyers for its additional output. This could pressure its utilisation rates going forward,” the firm added. Meanwhile, MIDF Research has revised down its FY17 earnings forecast by 11% to RM281.2 million, from RM316 million previously, due to expected higher operating costs, slower commissioning of Hartalega’s Plants 3 and 4, and lower expected average selling prices (ASPs) due to intensifying competition. “Post FY16 earnings announce- ment, we are maintaining our ‘neutral’ recommendation on Hartalega with a revised TP of RM4.56, from RM5.58 per share, after we roll forward our valuation to FY18. “Our TP is derived from pegging our FY18 earnings per share of 17.5 sen to a price-earnings ratio (PER) of 26 times, which is its three-year average PER,” it added. PublicInvest Research described Hartalega’s full-year results as disappointing, noting that it made up only 92.9% and 94.3% of its and consensus earnings estimates respectively. “We maintain our ‘neutral’ call on Hartalega, but with a lower TP of RM4.49, from RM5.44 previously, with [the] assumption of a higher risk premium in view of competitive pressures increasingly impacting its ASP[s], while operational costs also start to creep up,” it said. PublicInvest has also lowered its FY17 to FY19 earnings forecasts by 14.2% to 23% to account for changes in its line commissioning timeline. It noted that Hartalega’s Plant 1 and Plant 2 of its Next Generation Integrated Glove Manufacturing Complex had already been fully operational since February 2016. “Construction of Plant 3 and Plant 4 with their supporting facilities has begun since 2Q15 (second quarter of 2015), and was expected to be completed by May 2016. To install new automation into its upcoming production lines, however, [the] construction of Plant 3 and Plant 4 has been delayed by two to three months, now estimated to commence progressively from September 2016,” it added. Concern about FGV’s earnings remains BY Y IMIE YO N G KUALA LUMPUR: Felda Global Ventures Holdings Bhd’s (FGV) move to withdraw its Roundtable for Sustainable Palm Oil (RSPO) principles and criteria certificates at its 58 palm oil mills nationwide has not sent its share price into a downward spiral. However, analysts do not see much upside potential in FGV shares in the near term as concern about its earnings performance remains. FGV’s share price fell barely two sen to close at RM1.44 yesterday, after the company confirmed that it had decided to withdraw its RSPO principles and criteria certificates from Tuesday. The mild impact on its share price was mainly due to the fact that FGV’s exposure to the European market is limited. Nonetheless, the withdraw may, to some extent, affect FGV’s reputation in the international arena. “FGV is not so big in downstream in Europe. The direct exposure to Europe is not as significant as IOI Corp Bhd. It does not have facilities in Europe,” said CIMB Investment Bank Research analyst Ivy Ng. FGV’s annual report shows that the plantation giant’s revenue exposure to the European market was about RM347 million, which was about 2% of its total revenue of RM15.56 billion. In her note on Tuesday, she said the surprise move is negative for FGV as the group will no longer be able to sell RSPO-certified sustainable palm oil to its customers, which could result in lower selling prices achieved for its crude palm oil as the group will no longer be able to command a Certified Sustainable Palm Oil (CSPO) premium for its palm products. “The withdrawal could dent the group’s reputation and image as a sustainable palm oil producer. It could also lead to potential loss of customers, who are looking for sustainable palm oil products,” she explained. “We estimate the CSPO premium value of its palm oil to be around RM30 million to RM40 million. Based on this, the dent in our net profit [forecasts] works out to be approximately 6% for [the] financial year ending Dec 31, 2016 (FY16), and 7% for FY17,” she added. Ng noted that the concern is about how would FGV perform financially. Ng noticed that in the first quarter ended March 31, 2016, the group posted a 16% decline year-on-year in fresh fruit bunch output from its plantations. This was significantly poorer than the achievement of the Malaysian palm oil industry, according to her. CIMB maintained its “reduce” call on FGV due to concern over FGV’s poor earnings, with an unchanged target price (TP) of RM1.49. Meanwhile, MIDF Research analyst Alan Lim said the negative news should be neutralised by FGV returning to profitability this year. “Despite the lower earnings forecasts due to this news, FGV is still expected to return to profitability in FY16,” he wrote in his note yesterday. He cut FY16 and FY17 earnings estimates by 10% and 13% respectively to RM161.6 million and RM163.5 million to reflect the loss of CSPO premium against normal palm oil. He said key reasons for the turnaround are a better average crude palm oil price of RM2,450 per tonne, and that its trading, manufacturing and logistics division should return to slight profitability this year. MIDF Research maintained “neutral” on FGV, with a TP of RM1.33. AmInvestment Bank, which pegs the fair value of FGV at RM1.33, said it estimated the loss of RSPO premium for FGV until year end to be at RM23 million. “FGV said that the withdrawal would affect less than 1% of group revenue. In addition, Europe is not a large market for FGV,” it added. DiGi’s priority to lure more subscribers BY C H ESTER TAY SHAH ALAM: Telecommunication firms have to be nimble and flexible to grow their subscriber base, the lifeblood of telcos, in the face of fierce competition from rivals and demanding customers. The priority of DiGi.Com Bhd (DiGi) — whose blended subscriber base has ballooned to 12.34 million, exceeding its rival Maxis Bhd that served 10.89 million users as at March 31, 2016 — now is to offer flexible products for customers to spend according to their needs. “Focusing on what customers need is our priority; we believe everything else comes after that,” head of postpaid and digital services Praveen Rajan told the media at the launch of DiGi’s postpaid Internet-sharing feature. However, DiGi’s blended average revenue per user (Arpu) has fallen to RM42 for the first financial DiGi’s subscriber base VS Arpu Subscribers (mil) Arpu (RM) 12.4 12.34 47 12.2 46 45 45 12.0 11.8 45 44 11.82 11.69 46 12.13 44 11.68 43 11.6 42 11.4 11.2 42 41 1Q 2Q 3Q FY15 4Q 1Q FY16 40 quarter ended March 31, 2016, 8.7% lower than RM46 in the previous corresponding quarter. In comparison, Maxis’ blended Arpu for the same quarter was RM55, which was a slight increase of 3.77% from RM53 a year ago. DiGi chief marketing officer Loh Keh Jiat said this was because DiGi had always wanted to provide a lower entry point for customers. “At DiGi, we always want to be easy for customers to start, and once they are in, [the] Arpu will all depend on their usage pattern,” he said. Loh is of the view that pricing DiGi’s products on the high side in the first place would eventually drive customers away. “Customers are much smarter today. Month after month, if they [have] committed [to a certain amount], but do not use up their quota, they will leave,” he said. Therefore, he said, DiGi introduced its Internet-sharing feature yesterday, which allows customers to customise the allocation of their Internet quota among a principle line and up to six of its supplementary lines. Digi isn’t the first to offer Inter- Praveen (left) and Loh at the launch of DiGi’s postpaid Internet-sharing feature yesterday. Photo by Sam Fong net-sharing feature. Maxis introduced a similar feature last month. As at market close yesterday, DiGi, which is 49% owned by Norwegian Telenor Group, saw its share price drop one sen to RM4.39, valuing it at RM34.21 billion. Meanwhile, Maxis’ share price gained one sen to RM5.55, giving it a market capitalisation of RM41.98 billion. 8 P R O P E RT Y S NA P S H T T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY FREE transaction data latest classified listings news trend analysis and more analytics Source: TheEdgeProperty.com What’s hot in Kelana Jaya? • Today, we look at price growth and indicative asking rental yields for non-landed homes in Kelana Jaya. From analysis of transactions by TheEdgeProperty.com, the average transacted price for non-landed homes in the secondary market had remained stable at RM431 psf in 1Q2015. • Growth in average prices was more significant among the more affordable properties. The top performer by relative average price growth was Kelana Impian, with prices up 21.8% to reach RM341 psf in the 12 months to 1Q2015. This was followed closely by the adjacent Pangsapuri PKNS SS3, with prices up 16.1%. Demand for these properties are likely buoyed by their proximity to the Sungai Way Free Trade Industrial Zone, located just across the DamansaraPuchong Expressway. • Average prices have also grown significantly at Dataran Prima Condominium, appreciating 13.6% to reach RM466 psf. This project will benefit from the new LRT3 Line (Bandar Utama–Klang Line). The upcoming Dataran Prima LRT station will be located just opposite the New Klang Valley Expressway. • The highest rental rates can be found among properties located within the vicinity of Paradigm Mall. Similarly, these properties also appear to generate the highest annual indicative yields. • These properties are set to benefit further from the Kelana Jaya LRT extension and the new LRT3 Line. Both Suria Damansara condominium and Kelana Idaman will be located within walking distance from the upcoming Ara Damansara LRT station. Meanwhile, the Glenmarie station will be located closest to Shang Villa condominium, while the Persada PLUS station will be located close to the cluster of condominiums behind Paradigm Mall, though access is hampered by the NKVE-Subang toll plaza. Kelana Jaya top 5 condominiums/apartments by average price annual growth Source: TheEdgeProperty.com Top 5 condominiums/apartments in Kelana Jaya 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. Tenants rule as Singapore rentals drop BY POOJA THAKUR SINGAPORE: Rentals across the city-state’s home, office and retail properties dropped in the quarter ended March as an oversupply and weak demand dragged down prices sought by landlords. Singapore’s home rental index dropped 1.3% in the three months ended March 31 from the previous quarter, data last Friday from the Urban Redevelopment Authority showed. Office rentals slid at a faster pace, falling 2.1%, while retail rentals declined 1.9%. Rents have been declining across market segments. For homes, they dropped as Singapore’s property market cooled after climbing to a record in 2013. Adding to the price decline, a large number of apartments are set to be completed in the next two years, and fewer expatriates are coming to live in Singapore due to controls on immigration. Office rents may decline as much as 25% in a prolonged slump that may last until the end of 2018 as demand slows, Daiwa Securities Co said last month. Daiwa joins other analysts in forecasting declines for the office sector as the outlook for global economic growth remains cloudy and a large supply outstrips demand for prime space. — Bloomberg London luxury hotels in worst year since 2009 on terrorism risk MOST READ ON TheEdgeProperty.com BY DALIA FAHMY BERLIN: Jitters about everything from the risk of terrorism to Britain’s membership of the European Union (EU) are battering London luxury hotels as the world’s wealthiest travellers stay away. The city’s priciest hotels were only 65% occupied in the three months through March, according to data provider STR. That was the lowest for a first quarter since a global recession roiled the market in 2009 and down from 70% a year earlier. London’s top hotels include the Savoy and the recently reopened Lanesborough, where the Royal Suite with a complementary chauffeured Rolls-Royce costs about £25,000 (RM144,840) per night. While demand for cheaper accommodation is falling too, luxury hotels are hardest hit because wealthy travellers and corporate clients are proving more sensitive to the political turmoil. The terrorist attacks in Brussels and Paris, the risk that the United Kingdom may vote to leave the EU and an economic slump in Russia have all contributed to the market’s deterioration, along with the uncertain Two high-end Singapore homes sold at over S$1m loss A view of the recently reopened Lanesborough in London. Risk of terrorism to Britain’s membership of the EU is keeping the world’s wealthiest travellers away. outcome of the US election. “A lot of source markets are under pressure due to issues outside of London hoteliers’ control,” said Andreas Scriven, a hotel consultant at Christie & Co. More wealthy Russians are vacationing at home and Americans travel less during election years, he said. Bob van den Oord, managing director at the Langham hotel in Regent Street, attributes its weaker-than-expected performance to security concerns in Europe. “There’s anxiety out there about terrorism,” he said. Rooms at the hotel start at £300 per night. Uncertainty ahead of the UK referendum on June 23 is causing business travellers to postpone investments, according to Russell Kett, chairman of hotel consultancy HVS’ London office. The drop in occupancy is hurting luxury hotels’ income, pushing revenue per available room down by 6.5% to the lowest for a first quarter in three years, according to STR. However, average daily room rates have held up because hoteliers would rather lose business than start a downward pricing spiral. — Bloomberg Sime Darby Property celebrates Subang Jaya’s 40th anniversary Johawaki Development to launch Avanti Residences on May 7 999-year leasehold condo in Bukit Timah going for S$900 psf LBS Bina expects sales cancellation rate of 30% this year 10 ST O C KS W I T H M O M E N T U M www.theedgemarkets.com T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 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. KULIM (M) BHD (-ve) KULIM (M) Bhd (fundamental: 2.60/3, valuation: 1.50/3), which has received the greenlight from shareholders for the delisting of the company from Bursa Malaysia, triggered our momentum algorithm for the first time this year. The counter closed three sen or 0.76% higher at RM4 yesterday. It saw 10.01 million shares traded, compared with the 200-day average volume of 1.31 million shares. Kulim’s shareholders in an extraordinary KULIM (M) BHD B R O K E R S’ C A L L general meeting on Tuesday voted in favour of its controlling shareholder Johor Corp’s proposed selective capital reduction and repayment exercise to facilitate the privatisation of the company. The delisting exercise is expected to be completed by the third quarter of 2016. Entitled shareholders are expected to receive an estimated capital repayment of RM2.2 billion in cash or RM4.10 per Kulim share. Valuation score* 1.50 2.60 Fundamental score** 3.61 TTM P/E (x) 0.00 TTM PEG (x) 1.07 P/NAV (x) TTM Dividend yield (%) 5,089.35 Market capitalisation (mil) Shares outstanding (ex-treasury) mil 1,281.95 0.49 Beta 2.46-3.99 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 M3 TECHNOLOGIES (ASIA) BHD (+ve) M3 Technologies (Asia) Bhd (fundamental: 2.55/3, valuation: 0.30/3) triggered our momentum algorithm again, the fifth time this month, after the counter saw 5.2 million shares changing hands, compared with the 200-day average volume of 771,070 shares. The counter closed one sen or 5.26% higher at 20 sen yesterday, after paring down gains from its intraday high of 21 sen. The group announced to Bursa MaM3 TECHNOLOGIES (ASIA)BHD laysia last week that it had rolled out and offered several Internet-related products in six foreign countries, including Singapore, Indonesia, Thailand, Pakistan, Dubai and China. The company is a mobile value-added services provider. It is involved in the delivery and settlement of mobile messaging and data services. It is connected to more than 175 mobile operators around the world. Valuation score* 0.30 1.55 Fundamental score** TTM P/E (x) TTM PEG (x) 1.37 P/NAV (x) TTM Dividend yield (%) 37.00 Market capitalisation (mil) 194.76 Shares outstanding (ex-treasury) mil 0.69 Beta 0.11-0.19 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 SUPERCOMNET TECHNOLOGIES BHD (+ve) SUPERCOMNET Technologies Bhd (fundamental: 2.05/3, valuation: 1.70/3) triggered our momentum algorithm for the first time this year, following trades of 2.71 million shares yesterday, compared with the 200day average volume of 449,365 shares. The counter closed one sen or 8% higher at 13.5 sen, the highest point yesterday. The closing price was close to its 52-week high of 14.5 sen on May 11, 2015. According to Bursa Malaysia, the group on April 29 announced a single-tier final dividend of four sen per share for the financial SUPERCOMNET TECHNOLOGIES BHD year ended Dec 31, 2015 (FY15), to be paid on June 9 this year. For FY15, the group recorded a total revenue of RM34.9 million compared with the preceding year’s RM33.53 million. Its net profit surged 284% to RM2.98 million, from RM777,000 a year ago. The Kedah-based company manufactures wires and cables for the automotive industries. The bulk of its earnings comes from its associate, Supercomal Medical Products, which manufactures cables for medical devices. Valuation score* 1.70 2.05 Fundamental score** 10.18 TTM P/E (x) 0.03 TTM PEG (x) 0.74 P/NAV (x) TTM Dividend yield (%) 30.38 Market capitalisation (mil) Shares outstanding (ex-treasury) mil 243.00 1.39 Beta 0.09-0.14 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 Press Metal’s Samalaju Phase III smelter to operate soon Press Metal Bhd (May 4, RM3.07) Maintain buy with a higher target price (TP) of RM4.50: Press Metal Bhd’s Phase III smelter in Samalaju is at the tail-end of ramping up and is expected to be fully commissioned in the next few weeks. Phase II of its Samalaju smelter also returned to normal operations in late November 2015 after six months of repair due to a fire, while the Mukah smelter (Phase I) continues its regular production. We expect its aluminium smelting capacity to rise to 760,000 tonnes per annum or 1.5% of global primary aluminium production, and sales tonnage to surge 65.7% and 11.8% year-on-year (y-o-y) in financial year 2016 (FY16) and FY17 respectively. Its aluminium smelters in Sarawak represent a successful low-cost model currently in the first quartile of the global production cost curve. The strengthening of aluminium prices and the ringgit-US dollar exchange prompted us to raise our FY16 to FY18 earnings estimates by 3.3% to 15.5% respectively. Key risks include further downward pressure on aluminium prices and a sharp weakening of the US dollar that may hurt its profitability. In addition, an unexpected power supply interruption at its smelting plant may damage machinery and disrupt its operations. Aluminium cash prices have been hovering above US$1,600 (RM6,384) per tonne for the past two weeks, which prompted us to revisit our aluminium price assumption. We have revised up the London Metal Exchange (LME) aluminium spot price to the average of US$1,600 and US$1,650 a tonne in FY16F (forecast) and FY17F respectively (from US$1,525 and US$1,548 respectively), with a 1.5% per annum increase expected from FY18F onwards. Still, we remain prudent and continue to project the physical premium paid on top of the LME’s cash price for the standard aluminium ingot (P1020) to stay flat at US$100 per tonne. We believe our latest all-in aluminium price assumption is conservative versus its long-term price movement. The nominal allin aluminium price fell below this level for short periods post the global financial crisis in 2008 and 2009, the 1997 Asian financial crisis, and the recession in the early 2000s. Furthermore, this is also the lowest level in real terms on a 3% inflation-adjusted basis. In addition, we noted that the recent strengthening of the ringgit-US dollar exchange is mildly negative to Press Metal’s profitability. Our latest house assumptions on the ringgit-US dollar exchange are 4.00, 3.80, 3.70 for FY16, FY17, FY18 respectively (from 4.20, 4.10, and 4). Despite our prudent assumption revisions, our latest projection shows that Press Metal is capable of recording RM411 million in core net profit in FY16 (from RM383 million). With the Samalaju smelter (Phase III) set to resume full operations by mid-May 2016, we project a profit of RM100 million in the second quarter (2Q) with an average all-in aluminium price of US$1,700 a tonne. Earnings are set to improve further to RM125 million in 3Q and RM130 million in 4Q when all plants start to run at full capacity and the all-in aluminium price escalates to US$1,745 a tonne in the second half. We project Press Metal’s FY17 profit to reach RM534 million (from RM479 million), with the all-in aluminium price expected to average US$1,750 a tonne. — RHB Research Institute, May 4 Kimlun’s total order book estimated at RM2b Kimlun Corp Bhd (May 4, RM1.79) Maintain “buy” with an unchanged target price (TP) of RM2.23: Kimlun Corp Bhd announced that it had been awarded a RM165.8 million contract from Hillcrest Gardens to build five blocks of affordable apartments in Mukim Petaling under the Rumah Selangorku housing scheme. The works are expected to be completed by April 2019. With this recent contract, we estimate Kimlun’s year-to-date (YTD) job wins to stand at RM1.1 billion. Despite being in the early days of May, its YTD job wins have already surpassed the full-year sum of RM830 million achieved last year. At the rate things are going, we reckon it is likely that job wins will surpass its previous high of RM1.2 billion achieved in financial year 2013 (FY13). We estimate Kimlun’s total order book (construction and manufacturing) to now stand at RM2 billion. This translates into a cover ratio of 1.9 times FY15’s group revenue, which we regard as relatively healthy, considering the fast turnaround nature of Kimlun’s jobs. Its management shared that the slowdown in Iskandar, Johor, has impacted high-rise buildings the hardest. To counter this, Kimlun is tapping other segments such as affordable housing, factories and industrial buildings. It has also started tendering more aggressively within the infra space as well as outside of its usual Johor market. This recent contract win, which involves affordable housing in Selangor, verifies Kimlun’s management’s efforts to tap other avenues for jobs had paid off. The risk faced by Kimlun is Iskandar Malaysia’s slowdown hampering new job wins for the construction division. As YTD job wins of RM1.1 billion are still within our full-year assumption of RM1.45 billion (construction:RM1.2 billion and manufacturing:RM250 million), we maintain our earnings forecast. We maintain our “buy” rating with a TP of RM2.23. Kimlun has managed to successfully reduce its dependency on the Iskandar Malaysia property market as evidenced by its robust job flows. It is also a prime beneficiary of the second line of mass rapid transit roll-out via the supply of segmental box girders and tunnel lining segment. Our TP of RM2.23 is based on an unchanged 11 times price-earnings ratio (mean: 10.7 times) pegged to FY16 earnings. — Hong Leong Investment Bank Research, May 4 12 B R O K E R S’ C A L L T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY Hartalega to slow down expansion rate Hartalega Holdings Bhd (May 4, RM4.10) Downgrade to sell with a lower target price (TP) of RM3.90: Hartalega Holdings Bhd reported financial year 2016 (FY16) core net profit of RM256.3 million, up 22.4% year-onyear (y-o-y). This was below our and consensus estimates of 93.2% and 93.9% respectively. We attribute the deviation to the group’s inability to raise average selling prices (ASPs) in the immediate term to buffer against the recent turnaround in the US dollar-ringgit exchange, competitive sales pricing and rising input costs in the fourth quarter (4QFY16). Compared with FY15, revenue and adjusted profit before tax (PBT) respectively increased 30.7% y-o-y to RM1,498.3 million and 14.3% y-o-y to RM316.1 million. Overall growth was essentially driven by contributions from plants 1 and 2 of the next generation integrated glove manufacturing complex (NGC) with sales volume increasing 25.7%. Meanwhile, average plant utilisation remained healthy at 81%, albeit lower against FY15’s 88%. The lower usage was due to a shortage of sales personnel, which the group recently resolved through new recruitment. Sequentially, performance was dismal. Despite sales volume growing +9.1% quarter-on-quarter (q-o-q), Hartalega’s revenue grew marginally by 0.6% q-o-q to RM400.4 million and adjusted PBT plunged 41.6% q-o-q to RM52.5 million. This was primarily due to: (1) the weakening of the US dollar against the ringgit; (2) more competitive sales pricing (nitrile glove ASPs in US dollars were reduced 17.3% q-o-q); and (3) rising operating costs (natural gas hike, maintenance costs, depreciation and overheads). Accordingly, adjusted PBT margins declined sharply by 9.5 percentage points (ppts) to 13.1%. Separately, the group declared a third interim dividend of two sen a share. This brings FY16 dividends to six sen a share and implies a payout Ho Hup’s year-to-date job wins reach RM86.9m Hartalega Holdings Bhd FYE MAR 31 (RM MIL) Revenue Ebitda Depreciation & amortisation Net finance cost PBT Taxation MI Net profit Core net profit EPS (sen) EPS growth (%) PER (x) DPS (sen) Dividend yield (%) 2015 2016 2017F 2018F 2019F 1,146.0 322.8 1,498.3 388.0 1,816.9 437.6 2,160.0 526.3 2,535.9 622.5 -45.9 0.0 276.9 -66.7 -0.5 209.7 209.7 12.8 13.0 32.4 13.0 3.1 -70.6 0.0 317.4 -59.4 -0.4 257.6 257.6 15.7 7.5 26.4 7.5 1.8 -89.5 -0.3 347.9 -55.7 -0.1 292.2 292.2 17.8 8.0 23.3 8.0 1.9 -104.2 -1.7 420.4 -67.3 -0.1 353.1 353.1 21.5 9.7 19.2 9.7 2.3 -117.8 -2.9 501.8 -80.3 -0.1 421.4 421.4 25.7 11.6 16.1 11.6 2.8 Source: TA Securities ratio of 38.5%. We made the following changes to our estimates: (1) revising our FY17 and FY18 US dollar-ringgit assumptions to reflect our latest inhouse estimates of RM4.05 per US dollar; (2) increasing our ASPs by 2%-3% to account for the effects of the cost-pass-through mechanism; and (3) lowering our FY17 and FY18 capacity assumptions by 9.8% and 11.5% respectively to account for delays in the NGC’s expansion. All in, these would change our earnings estimates for FY17 and FY18 by 16.3% and 15.9% lower respectively to RM292.2 million and RM353.1 million. We also introduce FY19F (forecast) earnings of RM421.4 million. The poor performance in 4QFY16 not only reflected the group’s susceptibility to the time lag associated with the cost-passthrough mechanism, which was amplified by the turnaround in the US dollar-ringgit exchange, but also intensifying competition within the nitrile glove segment. Notwithstanding this, Hartalega’s management guided that ASPs will be revised upwards in subsequent quarters. Note, however, that in Ho Hup Construction Co Bhd (May 4, 85.5 sen) Maintain buy with a lower target price (TP) of RM1.20: Ho Hup Construction Co Bhd has won its second construction job for the year, bringing its year-todate (YTD) job wins to RM86.9 million. Maintain buy with a revised sum-of-parts (SOP)-derived TP of RM1.20 (from RM1.22), as we update our numbers to incorporate the audited financial year 2015 (FY15) figures and the recent construction job wins. We expect its construction arm to gain further traction in the second half of the year, underpinned by a strong pipeline of local jobs. Ho Hup was awarded a subcontract by Menuju Asas Sdn Bhd to undertake all temporary and miscellaneous works, which include piling, substructure and superstructure works related to bridges for part of the West Coast Expressway. The contract, worth an estimated RM58 million, is expected to last two years and will commence on May 9. This is within our new order book assumption of RM200 million. The company has been quite aggressive in tendering for new construction projects locally since its projects in Iraq were suspended. As of endMarch, its tender book is estimated at around RM4 billion. Its multiple proposals for the rights issue of ordinary and redeemable preference shares plus free detachable new warrants are now subject to shareholders’ approval in the upcoming expectations for sustained growth of nitrile glove capacity within the industry, we believe that a recovery in the group’s near-term margins would not be substantial. Drawing on the intensifying competition within the industry, the group will also be slowing down its pace of expansion. We understand that the commissioning of plants 3 and 4 of the NGC will now be pushed from July 2016 to end-2016 and lines will be commissioned at a slower Ho Hup Construction Company Bhd rate of two lines every 1.5 months, instead of two lines every month. 2014 FYE DEC (RM MIL) Rolling forward our base valua- Total turnover 341 tion year to 2017, we reduce our TP Reported net profit 65.8 for Hartalega to RM3.90 a share from 65.8 RM5.05 per share. This is based on Recurring net profit Recurring net profit a revised price-earnings ratio (PER) 192.2 of 19 times (previously 25 times) growth (%) (RM) 0.21 Recurring EPS and 2017 earnings per share of 20.6 3.98 sen. The downward revision in our Recurring PER (x) PER (one times below the group’s P/BV (x) 2.14 five-year forward PER of 20 times) P/CF (x) na is premised on its softer near-term EV/Ebitda (x) 3.53 margins and the slowdown in the 64.7 group’s expansion plans. It is cur- ROAE (%) (%) 20.8 Net debt to equity rently trading at a forward PER of 22.9 times. We downgrade our rec- Our vs consensus ommendation to “sell”. — TA Secu- EPS (adjusted) (%) Source: Company data, RHB rities, May 4 extraordinary general meeting on May 23. Based on an indicative issue price of 80 sen, the initial proceeds from the rights issues should raise about RM111.5 million to RM136.2 million — largely to be used for the group’s debt repayment and working capital requirements. We expect this exercise to enhance its capital structure as it actively expands. The proposed exercises, if approved, are expected to be completed in the third quarter. With respect to a petition filed by Ho Hup against its former project director for loss and damage of US$2.5 million (RM9.97 million), the Federal Court has dismissed the defendant’s leave application. As such, the defendant is to pay the company US$2.5 million together with a total cost of RM70,000. We update our figures following the release of its 2015 annual report for housekeeping purposes. We also tweak our earnings forecasts for FY16-FY18 (by -0.8% to -1.2%) by fine-tuning the timeline and margin assumption for the new construction order book. Our SOP-derived TP has been revised to RM1.20 following our updates. Our TP is diluted to RM1.04 under the maximum scenario of its proposed rights issue plus free detachable new warrants. We think that the fully diluted TP, which offers a potential 23.8% upside at the current share price, remains attractive. — RHB Research Institute, May 4 2015 2016F 2017F 2018F 299 70.9 70.9 401 83.1 83.1 481 94.8 94.8 535 90.9 90.9 7.9 0.20 4.11 1.28 na 4.44 40.5 43.4 17.2 0.22 3.78 1.01 na 4.28 30.8 46.5 14.0 0.25 3.32 0.77 14.2 3.69 26.4 36.9 (4.0) 0.24 3.46 0.63 6.5 3.59 20.1 25.9 - (11.2) (18.4) 0.0 Semiconductor sales see first m-o-m growth after four months Semiconductor sector Maintain overweight: In March 2016, global semiconductor sales fell at a slower pace of 5.8% yearon-year (y-o-y), up 0.3% month-onmonth (m-o-m) to US$26.1 billion (RM104.14 billion). On a m-o-m basis, semiconductor sales registered the first growth after four consecutive monthly declines. In the first quarter (1Q16), sales were down 5.5% quarter-on-quarter (q-o-q) and 5.8% y-o-y to US$78.3 billion. Key issues that continue to im- pede growth include soft demand, market cycles and macroeconomic conditions. World Semiconductor Trade Statistics (WSTS) is forecasting a flat year for 2016, with a minimal growth of 0.3% y-o-y to US$336 billion. The next WSTS committee meeting will be held later this month. While still experiencing the largest fall, sales in the Americas decreased at a softer pace of 15.8% y-o-y. This was followed by Europe (9.8% y-o-y) and the Asia-Pacific/all Sales are expected to fare better in the second half, driven by a major smartphone launch. others (6.4% y-o-y). Only Japan and China posted y-o-y growths during the month. Japan reported its first yearly increase of 1.8% y-o-y after 18 months. Meanwhile, China recorded a slower growth of 1.8% y-o-y. The book-to-bill ratio strengthened to 1.15 times, above parity for the fourth consecutive month. Net bookings stood at US$182 million during the month. Bookings and billings were down 0.9% y-o-y and 5.3% y-o-y respectively. Viewed on a quarterly basis, orders were relatively steady from the previous year (down 1.9% y-o-y) and quarter (up 1.2% q-o-q). Last week, both Malaysian Pa- cific Industries Bhd (MPI) and Unisem (M) Bhd reported seasonally softer 1Q16 results which were in line with expectations. US dollar revenue is expected to rebound in the second quarter, with guidance ranging from a 5% to 10% q-o-q increase. Sales are expected to fare better in the second half, driven by a major smartphone launch. We continue to be “overweight” on the sector. Our “buy” calls are on Unisem, MPI and Inari Amertron Bhd. —TA Securities, May 4 14 H O M E T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY Team Adenan set for big win He expects BN to capture at least 70 of the 82 seats at stake KUCHING: With Barisan Nasional (BN) poised to return for an 11th term in Sarawak with over two-thirds majority in the state legislative assembly, the focus shifts to how big a win Chief Minister Tan Sri Adenan Satem can pull off on Saturday and to what extent he has shaken the Chinese ground under the opposition. Adenan expects his team to capture at least 70 of the 82 seats at stake. BN already has two, Bukit Sari and Bukit Kota, which it won unopposed on nomination day. The ruling coalition won all previous state elections with a two-thirds majority except in 1987. In 2011, BN won 55 of 71 seats, DAP 12, PKR three and an independent one. “The BN forecast of 70 is realistic. The real benchmark, though, is how many Chinese seats it can take back. There is no question that BN will have two-thirds of the seats,” said political analyst Dr Jeniri Amir of Universiti Malaysia Sarawak. The ambition of the opposition to stop BN from getting 55 constituencies for a two-thirds majority has all but faded, with DAP and PKR keeping a distance from each other after their seat squabble. Their partner Amanah has been dismissed as of little significance. PBB is contesting in 40 constituencies, five more than in 2011, and is not expected to have much trouble making a clean sweep. PRS is confident that it will deliver on all 11 seats allocated, leaving SUPP, SPDP and the 13 direct candidates to rein in the rest. SUPP is running in 13 constituencies and, as campaigning progresses, some political observers believe that it may win back a few of the 12 Chinese seats it lost to DAP in 2011. SPDP is contesting five seats including Ba’Kelalan, a riveting contest with BN’s Willie Liau taking on his uncle and PKR state chief Baru Bian, who beat him by 473 votes the last time. DAP wants to take at least 18 of the 31 areas they are vying for, and according to state party chief Chong Chieng Jen, it has “a good chance” of capturing 12 other mostly bumiputera constituencies and the BN-held Chinese-majority Bawang Assan. National party adviser Lim Kit Siang is worried about the risk of DAP losing seven of the 12 Chinese seats it won in 2011. In the past week, Adenan has travelled all over the state to consolidate the votes in the over 60 bumiputera areas. He has also asked Chinese voters to support SUPP for the community to be represented in his cabinet. The strong possibility of BN taking back three to five Chinese seats are being openly discussed. “Nobody talked about this before,” said political observer Dr Lee Kuok Tiong. Among the Chinese seats closely watched are Batu Kawah and Batu Kitang in Kuching, Pujud in Miri, Repok and Meradong in Sarikei, and Bawang Assek and Dudong in Sibu. Fighting in Batu Kawah is SUPP president Senator Datuk Dr Sim Kui Hian, who is in a three-way tussle with DAP incumbent Christina Chiew and independent Liu Thian Leong, a former UPP member. With two days left to polling, candidates will be going all out to woo fence sitters in the state’s biggest election, and remind their supporters to come out and vote. The Election Commission expects the turnout to be at 75%, compared with 70% in 2011. — Bernama Campaigning in cyberspace Some of the cabinet members sharing a light moment before the meeting at Wisma Bapa Malaysia. Chief Secretary Tan Sri Ali Hamsa is standing at extreme left. Photo by Bernama Najib: Cabinet meeting in Kuching nothing extraordinary KUCHING: The federal cabinet meeting in Petrajaya here yesterday is nothing extraordinary because each minister has responsibilities at the state level, said Prime Minister Datuk Seri Najib Razak. Najib said this was different from the presence of state leaders like Penang Chief Minister Lim Guan Eng, who was in Sarawak for the sole purpose of campaigning. “If the opposition wants to make this an issue, I wish to remind their leaders like Penang Chief Minister Lim Guan Eng that he has no powers outside Penang. He is here only for campaigning purposes. “Each minister has ministerial responsibilities in each state. Ministers will look into [matters such as] work done by their respective ministries, [and the] problems of the people,” he told a press conference after chairing the weekly federal cabinet meeting at Wisma Bapa Malaysia, the Sarawak state secretariat building. Najib said the purpose of holding the meeting here was to show support for, and symbolise the close ties with, Sarawak Chief Minister Tan Sri Adenan Satem and the state government led by the Sarawak Barisan Nasional. He also said holding federal cabinet meetings outside Putrajaya was done from time to time. Also present at the press conference were Adenan and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. The last cabinet meeting held outside Putrajaya was in 2011 in Kuantan, Pahang. On Sarawak’s entry ban on certain leaders, Najib said the Sarawak government had the powers to do so and that all quarters must respect this. “This [entry into Sarawak issue] is at their discretion. I believe the Sarawak government has good reasons to deny entry because it does not want the political atmosphere to be smeared by speeches that touch on people’s sensitivities,” he said. Sarawak’s 11th state election will be held on Saturday. Among the individuals barred from entering Sarawak are PKR vice-president Nurul Izzah Anwar, DAP organising secretary Anthony Loke, DAP assistant publicity secretary Teo Nie Ching, Amanah president Mohamad Sabu, Perak DAP chairman and Taiping member of parliament Nga Kor Ming, and Sungai Besar Umno head and Gerakan Merah (Red Movement) chief Jamal Md Yunos. Selangor menteri besar and PKR deputy president Datuk Seri Azmin Ali and Guan Eng, who is also DAP secretary-general, have been allowed restricted entry. — Bernama KUCHING: It’s really psy-war, communication experts said of the fight for influence in cyberspace between Barisan Nasional (BN) and the opposition in the Sarawak election. At their most effective, messages from both sides are suggestive rather than direct or open, with much thought given to the entertainment value of messages to lure Internet users. Innuendos are used to make claims that would otherwise immediately sound ridiculous or even outrageous. DAP, attempting to penetrate Bumiputera constituencies, has videos that suggest it is the champion of rural folk. One video shows people prancing joyously around DAP members helping to build a house and a rope bridge. Another video depicts an obviously staged scene of rural schoolchildren studying with the aid of kerosene lamps to suggest the “failure” of the government to provide basic amenities. There is, of course, no mention that the BN government is spending almost RM1.3 billion to ensure at least 96% of Sarawak enjoy electricity supply by the end of this year. The videos are uploaded on multiple social media platforms such as Facebook, Twitter, Instagram and YouTube. BN is countering the opposition propaganda with facts and figures. But, as the communication experts noted, all the facts on the multibillion ringgit effort of the federal and state governments to develop Sarawak won’t make an impact unless they are presented in such a way as to attract and hold the attention of Internet surfers. “So much depends on presentation, and the opposition cyber troopers have shown themselves adroit at it,” said a lecturer from Universiti Teknologi Mara Centre for Media and Information Warfare Studies. Research has shown that the main users of the Internet are aged between 21 and 49. According to the Election Commission, out of the 1.1 million registered voters for this election, 11.5% are aged between 21 and 29, 20.8% between 30 and 39, and 23.6% between 40 and 49. In Sarawak, the Internet users are mostly in Kuching, Sibu and Miri, and they very much prefer local content, said Universiti Teknologi Mara lecturer in communication and media studies Shahnon Mohamed Salleh. Social media is one of the most powerful platforms for information and propaganda. — Bernama ‘Only minor offences in campaigns’ KUCHING: Sarawak police commissioner Datuk Seri Muhammad Sabtu Osman said police have only received reports on minor offences since campaigning for the Sarawak election started on May 25. He said police so far had received 107 reports, mostly on vandalism of election posters. “The minor offences include supporters of opposing parties shouting at each other as well,” he told reporters at the state police headquarters here. Earlier, he had flagged off a convoy which will be bringing in police reinforcements to police con- tingents in Sarawak ahead of the election on Saturday. Muhammad Sabtu said as of Tuesday, police had launched investigations into 66 cases under Sections 323 and 500 of the Penal Code and Election Offences Act 1954. He said police had mobilised 1,817 personnel from the Kuching Police Training Centre, Marine Operations Force, General Operations Force and contingent police headquarters throughout the state to beef up police presence in all districts until polling was over. — Bernama H O M E 15 THU RSDAY MAY 5 , 20 16 • T HEED G E FINA NCIA L DA ILY ‘Case on SD by previous owner of bungalow not closed’ Purchase by Guan Eng for RM2.8m a controversy KUALA LUMPUR: Attorney-General (AG) Tan Sri Mohamed Apandi Ali has denied reports that the AG’s Chambers had closed the case of an allegedly false declaration on the purchase of a bungalow by Penang Chief Minister Lim Guan Eng. Referring to reports in two English dailies, Mohamed Apandi refuted the news that he had closed his office’s investigation into a statutory declaration (SD) by the previous owner of the bungalow, Phang Li Koon, in a two-paragraph statement yesterday. In George Town, Bernama reported yesterday the AG’s Chambers had closed the case, quoting Penang Police Chief Datuk Abdul Ghafar Rajab. The police chief told reporters yesterday the AG had decided a few days ago that there was “no further action” in the case into the SD made by Phang, who sold what is claimed to be an undervalued bungalow to Guan Eng. He said the decision was made after the AG scrutinised the outcome of the investigation conducted by the Penang and Bukit Aman police. “The prosecutor has decided that there is NFA (no further action) in the case ... so the case is closed. The decision was made two or three days ago,” he told reporters after attending the monthly assembly at the Penang police headquarters yesterday. The police opened an investigation into Phang after several quarters lodged police reports claiming inaccurate information in Phang’s SD. Phang was called to give a statement at the north-east district police headquarters. The purchase of the bungalow in Jalan Pinhorn in Penang by Guan Eng for RM2.8 million became a controversy after Tasek Gelugor member of parliament Datuk Shabudin Yahaya disclosed in the Dewan Rakyat that the price was below market value. Shabudin had reportedly claimed that the value of the bungalow was in the range of RM6 million to RM6.5 million. It was also claimed that the purchase of the bungalow was connected to the sale of a piece of land in Taman Manggis, Penang, that had been reserved for a housing project for the poor. Phang made the SD on March 22, stating that she had not surveyed the market when she decided to sell the house to Guan Eng as she did not think it was necessary. She also said she had no business relationship with the state government. Genting career fair goes to Penang GENTING HIGHLANDS: Resorts World Genting is organising a career fair tagged Rendezvous with Gourmet this weekend in Penang, it said in a statement. The Rendezvous with Gourmet career fair is an opportunity to find out about the latest developments at the resort, including the imminent opening of food and beverage (F&B) brands Cafes Richard, Motorino Pizzeria and Burger & Lobster. The resort seeks to fill new positions available, including F&B director, outlet manager and F&B supervisor, it said. Both fresh graduates and those with experience should head for the Eastern & Oriental Hotel (Lower Ground Floor, Arshak Suite) on Saturday, 11am to 8pm. The event is an invitation to all who are keen to join the leisure and hospitality business covering theme parks, hotels, restaurants and entertainment. Besides F&B, they can ex- Yee (left) sharing his knowledge of wine tasting. Photo by Resorts World Genting plore other fields, including rooms division, casinos, theme parks, security, engineering, tenancy and human resources. For the resort, the next chapter in staying competitive includes the opening of new outlets like the world’s first Twentieth Century Fox Theme Park, two new shopping malls, Sky Avenue and Genting Premium Outlet, as well as a new cable car system. Rendezvous with Gourmet will also feature some big international names in Asia, as well as renowned talents from London, Paris and New York. They include sommelier Kevin Yee, chef Mandy Goh and mixologist Pranill Saam, the statement said. IGP confirms withdrawing Dr M’s traffic police escort KOTA KINABALU: Inspector-General of Police (IGP) Tan Sri Khalid Abu Bakar confirmed yesterday that the traffic police escort for Tun Dr Mahathir Mohamad had been withdrawn because the former prime minister had violated laws while using the service. He said Dr Mahathir had used the escort when he attended an illegal Bersih rally, a gathering protesting the goods and services tax, and going around collecting signatures for a declaration. “I withdrew the traffic police escort for Tun [Dr] Mahathir ... it was my personal decision as the IGP. What’s the use of providing traffic police escort to an individual who violates the laws and the constitution? “We cannot support any action that violates the country’s laws. I hope Tun [Dr] M[ahathir] understands the position of the Royal Malaysian Police, which upholds Rukun Negara. How can we support someone who violates the law?” he told reporters after presenting the Pingat Kedaulatan Negara awards here. Khalid said Dr Mahathir could apply for the traffic police escort service if he wants to attend any If Tun [Dr] M[ahathir] wants to use the service, he can send me an application and we will provide the service if he is attending an official function, and does not violate any law or the constitution. official function. “If Tun [Dr] M[ahathir] wants to use the service, he can send me an application and we will provide the service if he is attending an official function, and does not violate any law or the constitution,” he said. He also said Dr Mahathir continues to enjoy the police bodyguard service provided by officers of the Special Action Unit. Khalid also issued a warning to untrained people who volunteer to provide motorcycle escort services to Dr Mahathir. “They are endangering not only their lives, but also other people’s because they are not trained and it is illegal,” he said. — Bernama Rahman Dahlan’s suit against news portal to be heard Aug 15 KUALA LUMPUR: The High Court here has set two days from Aug 15 to hear the defamation suit brought by Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan against news portal Malaysiakini and its reporter Geraldine Tong. Judge Abu Bakar Jais set the dates in chambers yesterday in the presence of lawyer Shahriman Ruslan, who represented Abdul Rahman, and K Shanmuga, who appeared for Malaysiakini and Tong. Shanmuga told reporters the court also set May 23 for case management. Abdul Rahman, who is an Umno Supreme Council member and member of parliament for Kota Belud, filed the suit on Jan 13, claiming that an article and a video clip published by Malaysiakini and Tong without his permission did not reflect the original content of his message, and that it was edited to portray him as having instructed the urban population to return to villages. In his statement of claim, Abdul Rahman claimed that on Nov 6, 2015, the defendants, with levity and malice, published or caused to be published on the www.malaysiakini.com website slanderous and false statements referring to him under the title “Minister’s ‘go back to kampung’ notion draws contempt”. He claimed that the defamatory statements, among others, implied that he had no care for the plight of the people due to the rising cost of living, did not encourage the people to seek income in urban centres and was insensitive to the current issues that had an impact on society. — Bernama Eldest sister of Raja of Perlis dies at 74 — state secretary KANGAR: Tunku Puteri Utama Datuk Seri DiRaja Sharifah Salwa Tuanku Syed Putra Jamalullail, the eldest sister of Raja of Perlis Tuanku Syed Sirajuddin Putra Jamalullail, passed away yesterday. State Secretary Ahmad Zamri Khairuddin, who made an announcement on her demise over RTM yesterday afternoon, said Tunku Puteri Sharifah Salwa, 74, died at Sultanah Bahiyah Hospital, Alor Setar, at 11.15am. However, he did not state the cause of her death and how long she had been warded at HSB. However, according to Raja Muda of Perlis Tuanku Syed Faizuddin Putra Jamalullail, his aunt was admitted to HSB for dengue haemorrhagic fever days ago. Prayers for the deceased will be held at Tuanku Syed Putra Mosque here, after Asar prayers at 4.30pm, before Tunku Puteri Sharifah Salwa’s remains will be brought to the Royal Mausoleum in Arau for burial. Ahmad Zamri said members of the public could pay their last respects to the late princess at the mosque from 4pm, and they are advised to be decently dressed in white or wear national attire, jubah (long dress), a long-sleeved shirt and black songkok. The late Tunku Puteri Sharifah Salwa, the eldest child of the third Yang di-Pertuan Agong Tuanku Syed Putra Jamalullail and his consort Tengku Budriah Tengku Ismail, was married to Tengku Bendahara Sulaiman Tengku Abu Bakar, the nephew of the Sultan of Johor, the late Sultan Ismail. She leaves a son and three daughters, and several grandchildren. Tunku Puteri Sharifah Salwa, who was active in charity work, was the chairman of Pertubuhan Perkumpulan Perempuan Perlis and vice-chairman 1 of the Tuanku Syed Putra Dialysis Centre here. — Bernama 16 FO CU S T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY Spotlight on shadowy money The Panama Papers leak has led to heightened scrutiny of capital flowing through offshore companies. Why do individuals and companies use these entities? What risks do they pose? BY C H A N C H AO PEH D avid Chong, president of Portcullis Group, knew all too well the firestorm that would ensue when he read the newspapers on April 4. That was the day the so-called “Panama Papers”, obtained by the International Consortium of Investigative Journalists, began to make headlines around the world. Almost exactly three years before, on April 3, 2013, a similar leak of documents from Portcullis and another firm, also orchestrated by ICIJ, had Chong scrambling to answer questions and defend the activities of his firm. “These dates are etched in my memory,” says Chong, in an interview with The Edge Singapore. The Portcullis Group provides trust, fund and family office services, which include helping companies and individuals set up corporate entities in jurisdictions like the British Virgin Islands and Cayman Islands. The publication of documents leaked from the firm in 2013 — dubbed “Offshore Leaks” — revealed that a number of wealthy businessmen and politicians in the region had used these corporate vehicles to manage their wealth. The Panama Papers leak was of a much larger scale, and the fallout more far-reaching. Notably, within days, Iceland Prime Minister Sigmundur Gunnlaugsson was forced out of office over revelations that his family held their wealth in offshore entities and that they may have benefited from his decisions while in office. British Prime Minister David Cameron has also struggled to answer questions about his inheritance after it emerged that his father was a director of an offshore trust that had paid no British taxes. Meanwhile, an old friend of Russia’s president Vladimir Putin was shown to be at the centre of a web of offshore entities worth some US$2 billion (RM7.98 billion). Putin confirmed the accuracy of the information but insisted that his friend, a Russian cellist named Sergei Roldugin, has done nothing wrong. In China, revelations that relatives of top leaders from former premier Li Peng to current President Xi Jinping have been linked to offshore entities have drawn indignant rebuttals from news outlets linked to the Communist Party. Chong of Portcullis says the strong public interest in the Panama Papers leak is a reflection of years of growing wealth inequality, and the eagerness of the media to find reasons for this trend in everything from corruption in public office and money laundering to tax evasion and existence of offshore tax havens. “The press is fanning the illogical syllogism that tax havens are used to hide wrongdoing, that somehow the inequality of wealth is linked to tax havens,” he grumbles. In fact, while offshore entities shield their owners from taxes and the glare of public scrutiny, they usually maintain onshore bank accounts with financial institutions that are tightly regulated and obliged to report any suspicious activities. “My tax advantage doesn’t come from where my bank account is; it comes from where my company is,” says Tan Choon Leng, head of RHTLaw Taylor Wessing’s Private Wealth practice. Some lawyers and accountants also con- T HU In sho cou aim tre wh usi ac and cut tax bill acc larg get wit tom com bro am pea suc Spa inf wil tive enc rep Isle gro and S The British Virgin Islands and Cayman Islands have been big movers of FDI into Singapore in recent years, according to data from the Department of Statistics. tend that offshore entities have greased the wheels of global investment. As an example, Chong points out that a property in London held in the name of an individual would be subject to inheritance tax when the individual passes away. But if the property were held by a company where there is no inheritance tax, like the British Virgin Islands, effective ownership could be transferred after the owner passes without incurring the tax. Among the Panama Papers were documents showing that Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, has used offshore corporate entities to hold dozens of choice London properties from Oxford Street to Mayfair, worth more than £1.2 billion (RM6.98 billion). By some estimates, foreign entities collectively own more than £170 billion worth of UK properties. The “tax neutrality” of locations such as the British Virgin Islands and Cayman Islands also makes them a natural choice for funds garnering capital from around the world and investing internationally. According to the Cayman Island’s Monetary Authority (CIMA), as at June 2015, the 179 banks under its supervision, including 116 that are branches of international banks, reported total international assets and liabilities of US$1.39 trillion and US$1.4 trillion, respectively. The Cayman Islands is also a popular domicile for hedge funds, according to some studies. As at end-2015, there were some 10,940 funds registered there, with names ranging from A&Q Diversified Neutral Alpha to ZZ Strategy, according to CIMA’s last quarterly report. Interestingly, offshore tax havens also appear among the largest sources of foreign direct investment for some countries. The British Virgin Islands and Cayman Islands THE EDGE SINGAPORE Chong: The press is fanning the illogical syllogism that tax havens are used to hide wrongdoing, that ... the inequality of wealth is linked to tax havens. Tan: For some transactions, good planning [of use of offshore entities] can make the difference between a profitable and non-profitable investment. have been big movers of FDI into Singapore in recent years, according to data from the Department of Statistics. In 2014, the most recent year for which there are statistics, they accounted for S$87 billion and S$77.7 billion, respectively, of the stock of FDI in the city state, making them our third and fourth largest FDI sources. Tan of RHT says it is incumbent on accountants, bankers and lawyers responsible for structuring investment deals to consider the use of offshore entities. “For some transactions, good planning can make the difference between a profitable and non-profitable investment,” he says. “Depending on the work scope, there is potential negligence on the team’s part if they don’t consider it.” And, despite their dark side, the advantage accorded by offshore investment vehicles is becoming more pronounced as the structure of the global economy and the nature of businesses evolve, Tan adds. “We have globalisation, where business is everywhere. And now, we have digitisation, where business is nowhere, but everywhere.” Tightening tax net Still, long before the Panama Papers leak, or even the Offshore Leaks episode in 2013, political momentum has been growing in large developed nations against the use of offshore structures by heavyweight corporates to reduce their tax bill. “The idea is that if you make profits somewhere, surely you should be paying your fair share of taxes in that place,” says RHT’s Tan. Among the prime targets have been large technology companies such as Apple and Alphabet (formerly Google). The US Senate Permanent Subcommittee on Investigations showed that in 2012 alone, by using three offshore units with no discernible tax home, Apple avoided paying US$9 billion to the US government. Now, Apple is said to have generated a cumulative US$181.1 billion in off- I i m 2 m a s S o a s f m a t o r w o s b s u V f D c in fi c S a b m in o i M s f d t c b — FO CU S 17 T HURSDAY MAY 5 , 20 16 • T HEED G E FINA NCIA L DA ILY Indonesian parliament mulling a tax amnesty bill shore earnings which, if it returned to the US, could incur a tax bill of some US$52.9 billion. On Feb 23, the OECD announced a plan aimed at countering the arcane-sounding trend of “base erosion and profit shifting”, which essentially refers to the strategy of using offshore entities to erode the tax of a country where business has been done and profits earned. This plan is designed to cut the annual worldwide loss of corporate tax revenue, estimated at between US$100 billion and US$240 billion — a figure that accountants and lawyers say is probably far larger than what individual tax dodgers are getting away with. Tan notes that there are also related plans within the international community for automatic sharing of information based on common reporting standards as part of the broader push towards tighter cooperation among tax authorities. More than 20 European countries, including key EU members such as Britain, Germany, France, Italy and Spain, have formed one such grouping, where information on the ownership of companies will be privately shared among their respective law enforcement agencies. On April 22, Britain said its crown dependencies and overseas territories that have a reputation for being tax havens — Gibraltar, Isle of Man and Montserrat — will join the grouping. “It should be clear to all countries and tax jurisdictions that the world is moving firmly in the direction of greater tax transparency and the UK will continue to push for an internationally agreed blacklist for those that refuse to do the right thing,” said Chancellor of the Exchequer George Osborne. Yet, observers like Tan of RHT believe that as long as there are differences in tax rates in major jurisdictions, offshore corporate entities will continue to be used. “I can understand that there is a push by governments to bring companies that operate in their jurisdictions within their tax net. That is a huge tussle we are seeing. But, it doesn’t take away the fact that a lot of these structures are legal,” he points out. “If the regimes are more company- and tax-friendly than they are now, the likes of Apple will be more willing to repatriate a larger amount of the profits they’ve earned and kept offshore back onshore and reinvest,” he adds. If anything, he figures that it is lower taxes onshore that stand the best chance of negating the attractiveness of offshore corporate entities. “At the end of the day, it is an arbitrage. If the difference between me and you is a lot smaller, there’ll be much fewer reasons to keep it offshore,” Tan says. Certainly, countries in Asia have been moving in that direction. On April 11, Indonesian Finance Minister Bambang Brodjonegoro floated a proposal to cut corporate tax from 25% to a “competitive” 20%. The country’s parliament is also mulling a tax amnes- Singapore rides offshore capital flows ore the ost cs, 7.7 the rth acble der nsfferble ork the age s is ucure ave ere. usi- ak, 13, g in e of pohat you s in rge nd ate ons ree me, US enoff- IF there is any doubt that the flow of capital through offshore corporate vehicles matters to Singapore, consider this: In 2010, the British Virgin Islands and Cayman Islands accounted for S$50.1 billion and S$44.5 billion, respectively, of the stock of foreign direct investment (FDI) in Singapore, according to the Department of Statistics. That made them our fourth and sixth largest sources of FDI. By 2014, the most recent year for which statistics are available, the stock of FDI from the British Virgin Islands and Cayman Islands had increased to S$87 billion and S$77.7 billion, respectively, making them our third and fourth largest sources of FDI. Moreover, two other offshore jurisdictions, Luxembourg and Bahamas, were the ninth and tenth largest sources of FDI that year, respectively. The largest source of FDI in 2014 was the US, at S$153 billion, up from S$118 billion in 2013; the second largest was Japan, at $109.3 billion, up from S$72.2 billion. So, where did the FDI from the British Virgin Islands and Cayman Islands come from? And, where was it invested? The Department of Statistics says it does not compile those figures. However, much of the total inflow of FDI in recent years has been channelled into the finance and insurance services sector. This category, according to the Department of Statistics, had a total of S$270.2 billion in FDI at end-2010, and the sum surged to S$515.6 billion in 2014. The sub-category “investment holding”, which is under “finance and insurance services”, accounted for the bulk of this growth, rising from S$224.9 billion in 2010 to S$445.7 billion in 2014. When approached for comment, the Monetary Authority of Singapore (MAS) said it has a strict legal and regulatory framework to guard against money laundering and terrorism financing through the Singapore financial system. “All financial institutions in Singapore — including banks, fund managers and trust companies — are required to know their customers well, including any persons that their customers may be acting on behalf of. Financial institutions are required to scrutinise their customers’ source of funds and wealth, and check for any adverse information about them,” an MAS spokesman says. “If offshore vehicles are being set up, financial institutions must ascertain their purpose and satisfy themselves that such vehicles are not meant to be used for unlawful ends. Financial institutions must also monitor their customers’ accounts for suspicious transactions on an ongoing basis and report any they come across,” the spokesman adds. Tan Choon Leng, head of RHTLaw Taylor Wessing’s Private Wealth practice, says there is little doubt that MAS and other regulatory bodies in Singapore are closely watching the financial services sector. “Banks will tell you everything is shrinking except compliance teams.” He adds that financial institutions are required to understand any complex, multi-layered structures of offshore entities with which their clients are involved. And, citing the Guidance on Private Banking Controls, published by MAS in 2014, Tan goes on to say that when trust structures are used, the financial institutions are required to identify and document the ultimate settlor, beneficiary, protector and beneficial owners of the assets held by the trusts. A partner at a local accounting firm tells The Edge Singapore that the Suspicious Transaction Reporting (STR) obligation also serves as a defence against shady money dealings. The Institute of Singapore Chartered Accountants (ISCA), in its socalled “Ethics Pronouncement 200” that took effect on Nov 1, 2014, requires all professional accountants and professional firms to report suspected transactions related to money laundering or terrorist financing to the Commercial Affairs Department. In addition, they are also “prohibited from disclosing any information to any person if doing so is likely to prejudice an investigation or proposed investigation”. The STR does not just fall on accountants but also trustees, banks, money lenders, and even gem dealers. ty bill. On April 25, Indonesia’s central bank governor Argus Martowardojo said that the proposed bill could encourage the repatriation of some US$42 billion worth of capital. Indonesia’s officials estimate that as much as US$200 billion of personal and corporate assets are held in Singapore alone. Competition among havens Nevertheless, increased regulatory scrutiny as well as the growing competitiveness of onshore financial centres have taken their toll on some offshore financial centres in recent years. According to the Deloitte Wealth Management Centre Ranking 2015, between 2008 and 2014, Panama and the Caribbean, lumped together, saw a 47% plunge in assets under management or assets under administration to US$0.9 trillion. On the other hand, Hong Kong, with its natural proximity to growing Chinese wealth, saw a surge of 146% to US$0.64 trillion in the same period. Singapore grew as well, but at a much slower pace: up 24% to US$0.5 trillion. Switzerland retained the leading position with US$2 trillion, up 14% over the seven-year period. The UK grew at the same clip during the period to reach US$1.7 trillion, while the US saw growth of 28% to US$1.4 trillion. Where does that leave the likes of Mossack Fonseca and Portcullis? Is the business of setting up companies in offshore tax havens on its last legs? Ramon Fonseca, one of the two founders of Mossack Fonseca, has been quoted in press interviews saying that the law firm has only about 5% market share in the business of setting up offshore entities. And, his firm typically does not know who the ultimate beneficiaries are. Hence, the activities involving offshore companies revealed in the Panama Papers leak could just be a very small part of what is actually happening. Tan of RHT says the amount of wealth stashed under these offshore entities also is not clear, despite the figures contained in numerous research reports on offshore tax havens. “I assure you: Anyone who gives you a number is wrong, or doesn’t know for sure that they are right,” he says. Whatever the case, firms like Mossack Fonseca and Portcullis are confident that they have not broken any laws. While the media organisations are still parsing the leaked Panama Papers, comprising some 11.5 million documents dating back some 40 years, Chong of Portcullis emphasises that three years after the Offshore Leaks, involving documents that go back some three decades, neither he nor his firm has been accused of any wrongdoing. In fact, he quips that the ICIJ helped him perform an internal audit that he could never have afforded. “If they cannot find anything that I have done criminally wrong, then I say it is not a bad internal audit.” — The Edge Singapore Top 10 sources of FDI into Singapore in 2014 FDI activity by sector in 2014 (in S$ bil) CHARTS: DEPARTMENT OF STATISTICS, MINISTRY OF TRADE AND INDUSTRY Yet, Singapore is not in any way deterring the flow of funds into the local market. On the contrary, it wants to be a leading international financial centre and has introduced various schemes and incentives to make it attractive for non-residents to park their money here. Notably, in 2008, it abolished estate duties. Now, using a Singapore company to hold a UK property shields the owner from UK inheritance tax, according to David Chong, president of Portcullis Group. Singapore also introduced the Enhanced Tiered-Fund scheme in 2009, which gives tax exemptions on funds if certain conditions are met, like committing to a minimum fund size of S$50 (RM147.84 million) million. The scheme was enhanced over time. At the 2015 Budget, the rules were tweaked to allow special purpose vehicles under a master fund to be consolidated to meet the tax-exemption requirements. Nevertheless, given the huge sums of money moving through offshore entities, it is very likely that at least some of it is not entirely clean. “I think it is naive to say that there aren’t murky transactions going on in any of the financial centres of the world. However, all the governments are taking the effort to clean that up, and that’s extremely encouraging,” says Tan. On that score, Singapore might well have the edge. Chong cites the country’s high ranking in the World Justice Project Rule of Law Index — compiled annually by the Washington-based organisation headed by William Neukom, a former president of the American Bar Association. In 2015, Singapore was ranked ninth, above the UK (12th), Hong Kong (17th) and the US (19th). “The world trusts Singapore,” says Chong. 18 C O M M E N T T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY Asian banks’ US$60b hole China’s lenders are not the only ones in denial BY A NDY MU KHERJEE A loans doubled from 12 months ear- Chart 1 lier, but are still a fraction of what they were in 2011 and 2012. Should China experience a full-blown credit crisis, or a sharper slowdown in economic growth, the cover against bad loans may suddenly start feeling too thin for comfort (see Chart 2). Those risks are not even beginning to get counted. Take Bank of China (Hong Kong) Ltd (BoC Hong Kong). In December, the Hong Kong arm of China’s fourth-largest lender by assets reported a bad-loan ratio of just 0.2%. Granted, BoC Hong Kong is selling a big chunk of its mainland exposure to China Cinda Asset Management Co Ltd. But with HK$523 billion (RM268.7 billion) of advances to borrowers across the border, credit risk will still be far from negligible. As former CLSA bank analyst Chart 2 Daniel Tabbush noted recently on research website Smartkarma, BoC Hong Kong ended up booking HK$12.6 billion of provisions for loan losses in 2008, almost 13 times what the lender set aside last year. “The year 2008 is a good reminder of how high and suddenly impairment costs can rise,” Tabbush says. If banks believe investors are oblivious to that risk, they are digging themselves into an even bigger hole. — Bloomberg sia’s lenders have dug themselves into a US$60 billion (RM239.4 billion) hole, which they will have trouble climbing out of without pulling shareholders down with them. That sum is the “missing” bad loan provisions, or the difference between the amount earmarked to deal with souring debt and what banks would need if 2016 turned into a repeat of 2008. Do the math. Asia’s top 200 publicly traded banks had US$16.7 trillion in assets last year, on which they had set aside about US$296 billion, or 1.78%, for loan losses. Ratchet that up to the 2008 rate of 2.14%, and they would require an extra US$60 billion or so. Unsurprisingly, as much as onethird of the shortfall is in just one economy: China. But the mainland’s lenders are not the only ones in denial. Most banks in Asia are busy pretending it is business as usual and future profits are safe (see Chart 1). The illusions of solidity are not fooling many. Despite HSBC bravely holding on to its dividend, the stock fell after the bank reported first-quarter earnings on Tuesday, This column does not necessarily bringing its one-year decline to reflect the opinion of Bloomberg more than 30%. Charges for bad LP and its owners. We need to act quickly on measuring the value of free BY C H A RL ES B EAN RELIABLE economic statistics are a vital public good. They are essential to effective policymaking, business planning, and the electorate’s ability to hold decision-makers to account. And yet the methods we use to measure our economies are becoming increasingly out of date. The statistical conventions on which we base our estimates were adopted a half-century ago, at a time when the economy was producing relatively similar physical goods. Today’s economy is radically different and changing rapidly — the result of technological innovation, the rising value of intangible, knowledge-based assets, and the internationalisation of economic activity. In light of these challenges, the United Kingdom’s (UK) Chancellor of the Exchequer George Osborne asked me 10 months ago to assess the UK’s current and future statistical needs. While my research focused on the UK, the challenges of producing relevant, high-quality economic statistics are the same in many countries. Recent technological advances have radically altered the way people conduct their lives, both at work and at play. The advances in computing power underpinning the digital revolution have led not only to rapid quality improvements and product innovation, but also to new, connectivity-driven ways of exchanging and providing services. One particular challenge for economic measurement stems from the fact that an increasing share of consumption comprises digital products delivered at a zero price or funded through alternative means, such as advertising. While free virtual goods clearly have value to consumers, they are entirely excluded from gross domestic product (GDP), in accordance with internationally accepted statistical standards. As a result, our measurements may not be capturing a growing share of economic activity. Consider the music industry. Downloads and streaming services have now largely replaced CDs, the dominant medium in the 1990s. And yet the money has not followed; the industry’s revenues and margins have both plummeted. As a result, its contribution to GDP (as we currently measure it) may be falling, even as the quantity and quality of services are increasing. Two methods can give us a rough estimate how much digital economic activity we are failing to capture in our measurements. We can use average wages to estimate the value of the time people spend online using free digital products, or we can adjust telecommunication services output to account for the rapid growth in Internet traffic. Both approaches suggest that accounting for these types of activities could add between one-third and two-thirds of a percentage point to the average annual growth rate of the UK economy over the past decade. The digital revolution is also disrupting traditional business models. The reduced search and matching costs offered by a range of online platforms are unlocking the market for skills (known as the “gig economy”) and the market for underutilised assets (known as the “sharing economy”). This, too, causes conceptual and practical measurement challenges for established GDP calculus. The traditional statistical distinction between productive firms and consuming households leaves little room to account for households as value creators. Measuring GDP, it turns out, is like trying to hit a moving target. The digital revolution is likely to be followed by yet another wave of disruptive technology, including advances in materials science, artificial intelligence, and genetic engineering. As the economy evolves, so must the frame of reference for the statistics we use to measure it. Consequently, internationally agreed statistical standards will almost always be somewhat out of date or incomplete, as they are bound to lag behind changes in the economy. National statistical offices should explore measurement issues that go beyond the prevailing standards, rather than use compliance as an excuse for their failure to innovate. One solution would be to establish a continuing programme of research into the measurement implications of emerging economic trends, conducting one-off studies at first to gauge their potential quantitative importance. This could then guide the development of experimental statistics capturing the new phenomena. New techniques of collecting and analysing big data, such as web scraping, text-mining, and machine learning, provide an opportunity for statisticians. Governments already hold some administrative data, but their use for statistical purposes often requires legislative changes. Unlocking this trove of information would extend statistical samples to near-census size, increase their timeliness and accuracy, and reduce the respondent costs to businesses and households. Ensuring that data accurately reflect a changing economy is one of the hardest tasks faced by national statistical institutes worldwide. Success requires not only understanding the limitations of traditional measurements, but also developing a curious and self-critical workforce that can collaborate with partners in academia, industry, the public sector, and other national statistical institutes to develop more appropriate methods. The UK is by no means alone in facing these challenges. But we need to act quickly. Otherwise, the speed of economic change will render our statistics irrelevant to modern life. — Project Syndicate Charles Bean, former deputy governor for monetary policy and chief economist of the Bank of England, is professor of economics at the London School of Economics. W O R L D B U S I N E S S 19 THU RSDAY MAY 5 , 20 16 • T HEED G E FINA NCIA L DA ILY PBoC cuts yuan fix by most in eight months SHANGHAI: China’s central bank yesterday fixed the yuan currency nearly 0.6% weaker against the US dollar, according to the national foreign exchange market, the biggest downward move since devaluing the unit in August last year. The People’s Bank of China (PBoC) set the value of the yuan — also known as the renminbi (RMB) — at 6.4943 to US$1, weakening 0.59% from the fix of 6.4565 the India court tells tobacco industry to adopt strict warnings NEW DELHI: India’s highest court yesterday ordered cigarette manufacturers to comply with controversial new rules requiring bigger health warnings on packets that sparked weeks-long factory shutdowns. The tobacco industry has taken the government to court, arguing that the directives — aimed at deterring smokers with graphic images of diseased lungs and mouth tumours — are too harsh. In force since April 1, the stringent rules mandate an increase in the size of health warnings from the current 20% of the surface of a cigarette packet to up to 85%. The Supreme Court yesterday transferred all of the petitions, some brought by makers of cheap, hand-rolled cigarettes known as beedis, to a different court in the southern state of Karnataka. It said manufacturers have to comply in the meantime with the government’s rules. “It is expected that all petitioners will comply with the 2014 amendment rule,” Justice Pinaki Chandra Ghose said. — AFP previous day, according to data from the China Foreign Exchange Trade System (CFETS). China only allows the yuan to rise or fall 2% on either side of the daily fix, one of the ways it maintains control over the currency. Analysts said the weaker fix was in line with strength in the US dollar overnight, as financial authorities seek to make trading more market-oriented. The dollar rose against most of its peers on Tuesday as global growth worries swept equity markets and pushed oil prices lower, boosting demand for the safe-haven US currency. “To maintain a stable currency market, the RMB weakened accordingly,” Liu Xuezhi, an analyst at the Bank of Communications, told AFP. Yesterday’s cut came after China raised the yuan-dollar exchange rate last Friday by 0.56% from the previous day, the biggest increase in almost 11 years. The world’s second-largest economy rattled global investors with a surprise devaluation last August, when it guided the normally stable yuan down nearly 5% over a week. At mid-morning yesterday, the yuan was quoted at 6.4996 to the dollar on the onshore market, weakening from Tuesday’s close of 6.4743, according to the CFETS. — AFP Indonesia’s 1Q GDP growth disappoints But economy still expected to expand more than 5% in 2016 BY NILUFAR RIZ K I & HIDAYAT SET I A J I JAKARTA: Indonesia reported lower-than-expected growth in the first quarter, but many economists still expect enough of a rebound this year that the country can avoid further slowing and grow more than 5% in 2016. The statistics bureau said yesterday that Southeast Asia’s largest economy expanded an annual 4.92% in the January-to-March quarter, below the median 5.05% in a Reuters poll and the October-to-December pace of 5.04%. Growth weakened for the fifth straight year in 2015, to 4.8%, as poor commodity prices, contracting exports, tepid investment and waning consumption produced the lowest growth rate since 2009. But the economy gained some momentum in the second half of last year as newly appointed ministers accelerated government spending. The statistics bureau took an optimistic tone. “Our start in 2016 is better than the start of 2015,” said bureau head Suryamin. “Economic activity almost always slows in the first quarter, especially after growing higher in the fourth quarter.” In the first quarter of 2015, annual growth was 4.73%. Bureau data showed consumption was stable in the first quarter and there was a rise in government-led investment from a year earlier. However, investment growth was weaker than in the December quarter. The bureau said a major reason for slower growth was a drought worsened by the El Nino weather phenomenon, which hurt crop output. Darmin Nasution, chief economics minister, said another reason was slowing loan growth. Euben Paracuelles, a Nomura economist in Singapore who had projected 5.4% first-quarter growth, said there was “some loss in growth momentum” as he had expected stronger public investment. “This will raise the question of the sustainability of the recovery, but we would still argue that the recovery will continue, led by domestic demand,” he said. Tim Condon, ING’s Asia chief economist, said the lower growth pace in January to March than the previous quarter “is probably a oneoff and the economy is in a sort of healing mode but obviously not a straight line path”. Realising Indonesia cannot still rely on natural resources for growth, President Joko Widodo has worked to expand its weak manufacturing sector. He has pledged to get Indonesia’s growth up to 7% a year by 2019, the last year of his term. The government’s target for growth this year is 5.3%, while the central bank’s latest outlook was 5.2% to 5.6%. — Reuters Baidu shows health is huge flashpoint in China BY ROBY N MA K HONG KONG: Baidu’s sell-off shows health is a huge flashpoint in China. Regulators launched a probe after a dying student accused the country’s top search engine of promoting false medical information. Investors have cut more than US$5 billion (RM19.95 billion) from Baidu’s market capitalisation. That is a big move but not necessarily an overreaction. Health scandals are highly sensitive in the People’s Republic and authorities pay close attention to outbursts of online anger. The investigation focuses on cancer patient Wei Zexi. State media says Wei underwent an experimental treatment advertised on the search engine, and before his death criticised Baidu and the hospital in question online. Angry Internet users accused the US$62 billion search engine giant of prioritising ad dollars over safety. China’s Inter- A filepic of Baidu’s headquarters in Beijing. The search machine giant says it carefully vets health advertising. Photo by Reuters net overseer stepped in on Tuesday. Baidu says it carefully vets health advertising. Moreover, China’s current ad legislation does not even cover paid-for search results. Similar to Google, sell- ers and merchants can pay to be featured prominently in adverts shown above or to the right of normal search results, with payments based on click-through rates. That said, the near-8% fall in Baidu’s share price could still be justified. Baidu depends almost entirely on advertising revenues, which at US$9.9 billion last year were 96% of total sales. Within that, healthcare is one of five sectors that together make up more than half of its total ad sales, according to analysts at Bank of Communications. Baidu could end up accepting less medical business, and spending more on reviewing clients and adverts. It could also simply suffer from a heavy-handed official response. Scandals over the years, from tainted blood to toxic milk powder, have made public health an especially touchy subject. And Beijing is still reeling from revelations of illegal vaccine sales, which sparked nationwide public anger in March and prompted regulators to punish hundreds of officials. That is particularly potent when combined with online fury. — Reuters IN BRIEF Indian parliament says no to tycoon’s resignation NEW DELHI: India’s upper house of parliament has rejected Vijay Mallya’s resignation of his seat, saying a letter the embattled tycoon sent from Britain did not conform to “procedures” or carry an original signature. The multimillionaire left India in March owing more than US$1 billion (RM3.99 billion) in unpaid loans, and is under investigation by a parliamentary ethics committee. On Monday he resigned from the Rajya Sabha, or upper house, saying in a letter to the chairman that he did not want his name to be “further dragged in the mud” and calling the accusations against him “false and baseless”. But Rajya Sabha chairman Hamid Ansari said late Tuesday the letter was not valid. — AFP BRMS says nearing sale of stake in mine JAKARTA: Indonesian miner PT Bumi Resources Minerals Tbk (BRMS) said it is hoping to finalise a sale of its stake in the operator of the country’s second-biggest copper and gold mine, adding that several suitors were conducting due diligence. A company controlled by BRMS has a 24% stake in the mine operator, Newmont Nusa Tenggara. Other shareholders include a joint venture between Newmont Mining Corp of the United States and Japanese trading house Sumitomo Corp. The sale would go towards paying down some of BRMS’ debt, company spokesman Herwin Hidayat said. — Reuters Banks asked BoK to lower reserve ratio — official SEOUL: South Korean banks requested the Bank of Korea (BoK) to consider lowering the reserve ratio in April as economic conditions have soured since the ratio was lifted to 7% from 5% in 2006, an official from the Korea Federation of Banks told Reuters yesterday. The official said the request was made to BoK governor Lee Ju-yeol on April 25 after a regular meeting of local banks in Seoul. The official said Lee had said the central bank would consider it, but there had been no developments after the request. — Reuters ‘Bangladesh Bank officials to meet NY Fed, Swift’ DHAKA: Bangladesh’s central bank chief will meet the head of the Federal Reserve Bank of New York and a senior executive from global financial messaging service Swift next week to seek the recovery of about US$81 million (RM323.2 million) stolen by hackers, officials in Dhaka said. Two Bangladesh Bank officials said the bank believed both the New York Fed and Swift bore some responsibility for the February cyber heist. — Reuters 20 W O R L D B U S I N E S S T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY Brazilian prosecutors sue BHP, Vale for US$43.4b Over mine tragedy that killed 19, wreaked environmental havoc BY ROSA SU L L EIRO Brazil mine tragedy SAO PAULO: Brazilian prosecutors have filed a US$43.4 billion (RM173 billion) lawsuit against BHP Billiton Ltd and Vale SA over the Samarco mine dam burst that killed 19 and wreaked environmental havoc. The authorities “estimate the BRASILIA preliminary value for repairs to be 155 billion reals (RM173.6 billion),” MINAS GERAIS the public prosecutor’s office in the state of Minas Gerais said in a statement. The announcement sent BHP’s share price plummeting 9.36% to close at A$18.79 (RM56) in Sydney, with a fall in iron ore prices adding to the selling pressure. Brazilian-owned Vale and Anglo-Australian BHP, which co-own Brazilian government in March. the Samarco iron ore facility, had Those funds were ordered to go already agreed to a separate set- toward compensating for social tlement of US$6.2 billion with the and environmental damages and Adidas hooks struggling golf business into the rough FRANKFURT: Adidas AG said yesterday it would sell off its golf equipment brands, as it published “record” quarterly results showing a strong performance in the United States, a key market for the German sports giant. Following a “strategic review” of its golf business, Adidas said it would “actively seek a buyer” for some of its top equipment brands, including TaylorMade, Adams and Ashworth. The firm said it would focus on selling golf shoes and clothing through its Adidas Golf brand. “Now is the time to focus even more on our core strength in the athletic footwear and apparel market,” said Herbert Hainer, the firm’s chief executive officer. The golf business has proved to be an Achilles heel for the firm with sales plunging amid a sharp decline in the Russian market. Due to the subsidiary’s poor performance, Adidas was twice forced to downgrade its annual forecasts in 2014, spoiling any boost from the Football World Cup in Brazil. Despite restructuring efforts, the golf business saw sales decline by 1.7% in the first quarter — to €275 million (RM1.26 billion). With the sale of the golf division, the firm appears to be concentrating on its core brands of Adidas and fitness specialists Reebok. — AFP culated realistically. The accident on Nov 5 last year near Mariana in Minas Gerais beNovember 5, 2015 gan when a tailings dam at SamarSamarco* mine dam co’s mine failed, unleashing the burst killed 19, wreaked flood of polluted water and mud environmental havoc into the River Doce, one of the *Brazilian-owned Vale most important in Brazil. A village and Anglo-Australian was destroyed, drinking water supBHP co-own the Samarco plies for hundreds of thousands iron ore facility of people were interrupted and damage reached as far as the river’s mouth on the Atlantic coast, with Bento wildlife, tourism businesses and Rodrigues fishing communities all suffering. In February, police announced homicide charges against seven people, including six Samarco executives — one of them the chief executive at the time of the accident. to be paid over 15 years. The civil suit filed on Tuesday But the deal was criticised by called on Samarco’s co-owners to prosecutors, who said that the “completely” compensate for the amount of money was not cal- disaster. — AFP iPhone can be a handbag, Chinese court says in Apple case BEIJING: A Chinese court has ruled against Apple Inc in a case it brought against a small maker of “iphone”-branded leather goods, state media reported. Manufacturer Xintong Tiandi Technology (Beijing) Co Ltd registered the word as a trademark for use on leather goods in 2007 and has been producing wallets, handbags and phone cases emblazoned with it ever since. Apple has used the “i-” prefix for years and spends vast sums on marketing around the world. Its first iPhones were produced in 2007, but the wildly popular device was not first officially sold in China until 2009. The firm took Xintong Tiandi to China’s trademark commission in 2012 and then to court, losing the initial case the following year. On appeal the Beijing municipal higher people’s court ruled Apple had failed to prove that the iPhone brand was “familiar to the public and widely known” in China before the leather company registered it, the People’s Daily newspaper, the official mouthpiece of the Commu- nist Party, reported on Wednesday. As such Xintong Tiandi did not violate the country’s trademark law, it said. The report came after Apple’s iTunes Movies and iBooks service became unavailable in China two weeks ago, reportedly shut down at the demand of state censors less than seven months after they launched in the country. It also followed Apple’s first quarterly revenue decline since 2003 as the company faces slowing growth in the world’s second-largest economy. — AFP Marchionne’s job upgrade bodes ill for Fiat BY OLAF STO RBEC K LONDON: If you had the choice between driving a Fiat and a Ferrari, what would you choose? Sergio Marchionne has answered this question in his very own way: both, and at the same time. On Monday, the chief executive officer of Fiat Chrysler Automobiles took over the same position at Ferrari SpA. The timing is unfortunate, because Fiat needs him more than ever. In a way, Marchionne’s move just ratifies the actual balance of power at Ferrari. The luxury carmaker was listed separately on the stock market in October and legally spun off from Fiat Chrysler in January. As Ferrari’s chairman, Marchionne had been the architect of this move and had effectively called the shots in the spun-off luxury brand. Ferrari is almost certainly the more alluring of the two jobs. Its double-digit operating margins are among the car industry’s highest, and sales volumes grew 15% in the first quarter. Despite a 19% slump in the share price since October, investors are valuing the stock at 22 times the next 12 months’ earnings, Thomson Reuters data shows. That’s three to four times the valuation of most listed peers. Porsche AG, which has grown sales volumes by almost seven times since 1996, may indicate the future potential. Fiat Chrysler, on the other hand, is one of the weaker global carmakers, facing operative challenges as well as a feeble balance sheet. In Europe, the world’s seventh largest automaker is only producing an operating margin of 1.9%, compared with at least twice as much at rivals like Renault and Peugeot. Sales in Latin America and Asia are falling. Net debt shot up by 30% to €6.6 billion (RM30 billion) at the end of the first quarter. Marchionne has made no secret of his view that a merger between Fiat and a big rival would be his preferred next step, and that he wants to leave Fiat when his current contract runs out in late 2018. For the Agnelli family that controls Fiat and Ferrari, in the absence of a willing merger partner, broadening Marchionne’s role might be a way of persuading him to stay. Other Fiat investors should hope it works. — Reuters IN BRIEF Hearing-aid maker Sonova to buy Audio Nova to grow in Europe BERLIN: Sonova Holding AG agreed to buy AudioNova International BV in a deal that values the European hearing-aid retailer at €830 million (RM3.8 billion), as the company seeks to expand in Europe with its biggest acquisition to date. Sonova will have a sales network of more than 2,580 stores in 12 countries in Europe after the acquisition, the Staefa, Switzerland-based hearing-aid maker said in a statement yesterdayy. Sonova will acquire Netherlands-based Audio Nova in cash from investment company Hal Investments BV, following a competitive bidding process, it said on a call with reporters. — Bloomberg Societe Generale unveils fresh cost cuts, confident of 2016 PARIS: Societe Generale SA has pledged further cost cuts this year as it seeks to reassure investors that its diversified business could withstand a weak start to the year in investment banking. France’s second biggest listed bank yesterday announced additional cost cuts of €220 million (RM1.01 billion) at its global banking and investor solutions division, in the face of market volatility in the beginning of the year. The new cuts take the total planned cost savings to more than €500 million by next year. — Reuters SABMiller agrees to S African funds for Coca-Cola bottle merger JOHANNESBURG: SABMiller plc and Coca-Cola Co agreed with the South African government to protect jobs and set up two 400 million rand (RM108.5 million) development funds in order to secure antitrust approval for the creation of bottling operations for non-alcoholic beverages in southern and eastern Africa. The proposed merged entity will maintain total permanent employment at current levels for a period of three years, London-based brewer SABMiller said in a statement yesterday. — Bloomberg Royal Dutch Shell’s profit slides on lower oil prices LONDON: Royal Dutch Shell plc yesterday announced an 89% drop in net profit for the first quarter (1Q), blamed on slumping oil prices, adding that investment would be lower than expected. Profit after tax stood at US$484 million (RM1.93 billion) in the January to March period, down from US$4.43 billion in 1Q of 2015, the Anglo-Dutch energy group said in an earnings statement. — AFP W O R L D 21 THU RSDAY MAY 5 , 20 16 • T HEED G E FINA NCIA L DA ILY North Korea to anoint ‘Great Sun’ Kim BY PA RK C H A N- KYONG SEOUL: North Korean state media yesterday hailed Kim Jong-Un as the “Great Sun of the 21st Century” as the country made final preparations for a rare ruling party congress seen as the young leader’s formal coronation. Getting ready for the rare gather- EC to give Turkey visa-free travel to save migrant deal BY DA NN Y KEMP BRUSSELS: The European Commission (EC) yesterday was to give conditional backing to visa-free travel for more than 80 million Turks as the European Union (EU) tries to save a controversial deal with Ankara to solve the migrant crisis. Brussels is also set to announce further measures to tackle the biggest influx of migrants since World War II, with an extension of border controls in the passport-free Schengen zone and an overhaul of its asylum rules. Turkey has threatened to tear up the March agreement to take back migrants who cross the Aegean Sea to Greece if the EU fails to keep its promise to allow Turkish citizens to travel without visas to the Schengen area by next month. Many EU states still have concerns about the legality of the deal and the human rights situation in Turkey, and the plan for 90-day visas must be cleared by all 28 nations in the bloc and the European Parliament. The Commission is expected to find that Turkey has achieved only 64 of the 72 benchmarks needed for visa-free travel, which range from biometric passports to respect for human rights, European sources told AFP. This means that it will back the visa arrangement if Ankara completes the so-called visa liberalisation road map by the end of June, the sources said. Turkey, meanwhile, has been rushing through laws in recent days to meet the EU’s requirements, although that effort has occasionally stalled because of a series of mass brawls in parliament. The new laws include making a reciprocal visa agreement for EU nationals, including those of Cyprus, with which Turkey has long-standing tensions over its occupation of the north of the Mediterranean island. Yesterday the EU was to also allow countries to extend border controls in the Schengen area as a result of the migrant crisis and recent terror attacks. — AFP ing — the first of its kind for nearly 40 years — has involved mobilising the entire country in a 70-day campaign that only ended on Monday. The congress opens tomorrow and is expected to cement Jong-Un’s status as supreme leader more than four years after he came to power following the death of his father Kim Jong-Il. The ruling party’s official mouthpiece, the Rodong Sinmun daily, said the coming congress was a “sacred” event that would enshrine JongUn’s achievements, from infrastructure projects to developing submarine-launched ballistic missiles. These were victories won, the newspaper said, through a national struggle against UN sanctions over IN BRIEF the North’s nuclear programme, the threat posed by US-South Korea military drills and international criticism of the North’s human rights record. Referring to the country’s nuclear arsenal as a “precious sword”, Rodong said the weapons were a “treasure of all happiness that will ensure many things in decades to come”. — AFP Canadian city evacuated as huge blaze engulfs homes No casualties have yet been reported BY M ARC BRAIBANT MONTREAL: The 100,000 residents of the Canadian city of Fort McMurray were ordered to leave town on late Tuesday as a monster wildfire swept through the oil sands region, in Alberta province’s largest-ever evacuation. No casualties have yet been reported but gas stations exploded and a hotel and one of the town’s many motorhome parks went up in flames, according to local media. The air was thick with black smoke. “I know that it’s a very scary time,” Alberta Premier Rachel Notley told a press conference. “Our focus is completely and entirely right now on ensuring the safety of people, getting them out of the city and ensuring that they are safe and secure.” The airport was still open but the hospital had to close. Long lines of cars travelled north via the main highway of the city, while flames ravaged the embankment on the side of the road. Police closed the southbound lanes. The fire, which was contained until Monday south of Fort McMurray, was pushed towards the city by winds of 50km per hour and quickly reached homes, helped by a drought in Alberta. The province saw record tem- Canada wildfire All 100,000 residents ordered to evacuate Tuesday as fire swept through the oil sands region Fort McMurray PACIFIC OCEAN OTTAWA UNITED STATES peratures of nearly 30°C. The fire quickly expanded, with blazes forming in several places and thus forcing the city’s evacuation. Bruce Mayer, assistant deputy minister of agriculture and forestry, said nine air tankers, a dozen helicopters and about a hundred firefighters were battling the flames, with reinforcements on the way. Some 160 police officers were mobilised to implement the evacuation, according to Notley. Oil companies, crucial to the region’s economy, set up emer- 1,000 km gency shelters in their huge bungalow communities for Canadian and foreign workers. These camps have been partially deserted for the past two years due to the drop in oil prices and the thousands of lay-offs that followed. Prime Minister Justin Trudeau said he had called Notley to offer federal aid to the province. Notley said she was seeking airlift operation capability from the federal government. A more limited alert earlier saw authorities evacuate 30,000 people. — AFP Gang rape in Indonesia sparks reform calls JAKARTA: Indonesian activists called yesterday for the government to urgently strengthen laws against sexual violence after the brutal gang rape and murder of a 14-year-old girl sparked outrage. The teenager was on her way home from school in a small village on the main western island of Sumatra when she was allegedly set upon by a drunk gang of men and boys. Her battered body was found three days later in woods, tied up and naked, according to local media reports. There were allegedly 14 perpetrators, and 12 have so far been arrested. The crime took place in early April but anger has only grown in recent days as reports of the incident went viral on social media. President Joko Widodo added his voice to the chorus of condemnation yesterday, tweeting: “We all mourn for this tragic loss ... Girls and children need to be protected from violence.” — AFP As Trump becomes presumptive nominee, China urges objectivity BEIJING: China yesterday urged people in the United States to take a rational and objective view of the relationship between the two countries, after Republican front runner Donald Trump became the party’s presumptive presidential nominee. Trump has proposed that tariffs on imported Chinese goods be increased to up to 45% and asserted that China had waged “economic war” against the US, taking American jobs. China is the US’ largest trading partner. Asked whether China was worried at the prospect of a Trump presidency, after his commanding win in Indiana and as top rival Ted Cruz bowed out of the race, foreign ministry spokesman Hong Lei said the election was as internal affair he could not comment on. — Reuters Three Red Cross workers kidnapped in Congo by suspected rebels KINSHASA: Three Red Cross staff members have been kidnapped in eastern Congo in an attack blamed by a rights group on Rwandan rebels. The abductions were confirmed on Tuesday in a tweet from Dominik Stillhart, the Red Cross director of operations, who added: “We’re doing everything we can to bring them back home safely.” The Congo-based Centre of Studies for the Promotion of Peace, Democracy and Human Rights said the three were drivers from Goma in the east of the country. Their vehicles were abandoned at the site of the kidnappings, it said. It said the culprits were believed to be members of the Rwandan rebel group, Democratic Forces for the Liberation of Rwanda — Reuters Saudi carries out 90th execution of the year RIYADH: Saudi Arabia executed a citizen convicted of murder yesterday taking to 90 the number of people the ultra-conservative Muslim kingdom has put to death this year. Mufreh al-Harissi was found guilty of stabbing to death a fellow Saudi during a dispute, the interior ministry said in a statement published by the official SPA news agency. The sentence was carried out in the southwestern Jazan region. Most people put to death in Saudi Arabia are beheaded with a sword. — AFP Ferocious fighting in Syria’s Aleppo ALEPPO: Fierce clashes raged overnight on the edges of Syria’s second city, Aleppo, after a major rebel offensive, an AFP correspondent said yesterday. A coalition of opposition groups fighting under the name “Fatah Halab” — or Aleppo Conquest — launched the assault on President Bashar al-Assad’s forces with a tunnel bomb on Tuesday. — AFP 22 live it! T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY T HU WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE VIVE LA FRANCE What to look forward to with the Le French Festival 2016 BY HANNAH M ER ICAN F rancophiles, rejoice! The Le French Festival 2016 (LFF) is back once again this May and June, presenting the best of French art and culture. Organised by the Alliance Francaise and Embassy of France, the festival will feature a wide range of events around the themes of film, music, art and gastronomy. With a growing number of participants every year, the programme has been substantially expanded. Here are some of the highlights. FILM French Film Festival with Golden Screen Cinemas May 12 to 29 (Kuala Lumpur) GSC Pavilion Kuala Lumpur, GSC Mid Valley Megamall, GSC Nu Sentral KL and GSC 1 Utama June 2 to 12 (Penang) GSC Gurney Plaza www.gsc.com.my Film buffs will be glad to know that LFF will screen 14 recent French film releases. Ranging from comedies and animated films to dramas, this year’s theme focuses on film adaptations of popular novels. Among the films featured this year include The Belier Family (La Famille Belier), The Princess of Montpensier, The Little Prince (Le Petit Prince), the comedy Caprice and the spy-spoof OSS 117, Lost in Rio (OSS 117, and Rio ne Repond Plus). All films are screened in French with English subtitles. Tickets are available for purchase via the GSC website, or directly at the cinema’s box office. An Evening with Melanie Thierry May 19 (7.30pm) GSC Pavilion Kuala Lumpur www.gsc.com.my Cheers with his friend, and showcases the euphoric party era of early 1990s Paris when raves dominated the nightlife scene. Depicting the reckless youth of Paul, the film is directed by Mia Hansen-Løve and Mixology Workshop based on her brother Sven. The film screening will May 28 (8.30pm) at Como, TREC Kuala Lumpur be accompanied by French electro music and DJ sets for a full experience. Cooking Atelier with Martell Cognac June 3 (7.30pm) at Alliance Francaise Kuala Lumpur, Fête de la Musique Lorong Gurney, Kuala Lumpur June 18 (5pm) info@lefrenchfestival.com.my The Square, Publika Kuala Lumpur Martell has teamed up once again with some of www.lefrenchfestival.com.my the best restaurants and hotels in Kuala Lumpur In conjunction with the Euro Cup 2016, LFF will for special food pairing and tasting sessions, which be partnering with Publika to celebrate the icongives participants a chance to discover cognac, ic Fête de la Musique this June. This marks as a champagne and cocktails paired together with special year for France, as it will be the host of the delicious food. Admission is free but reservations event from June 10 to July 10. are necessary and must be done by email. This year’s Fête de la Musique will feature over 10 musical acts who will be performing on The Square’s central stage. Acts include French singer MUSIC Mathilde Limal with band Bechamel Mucho and Accoustic Concert with French singer/ up-and-coming Malaysian rapper SonaONe, who is also coincidentally half French. The line-up will songwriter Raphael also include the Chanson Francaise opera, singer May 20 (8.30pm) MATIC, Jalan Ampang, Kuala Lumpur Priscilla Xavier and Brendan De Cruz. www.ticketpro.com.my Fête de la Musique is open and free to all attendRM45, RM53 ees, who will also be able to enjoy a live screening of the Euro Cup 2016 Iceland vs Hungary match. There will be also be food and beverage stalls set up for a weekend of song and dance. Martell Cognac Tasting June 9 (7.30pm) at Elegantology, Publika, Solaris Dutamas, Kuala Lumpur THE ARTS Autarcie (…) by Compagnie Par Terre May 21 (8.30pm) KLPac, Jalan Strachan, off Jalan Ipoh, Kuala Lumpur www.ticketpro.com.my/autarcie RM35, RM45 Don’t miss out on the chance to catch singer songwriter Raphael perform at his one-night only acoustic set this month in Kuala Lumpur. On his debut Asian tour, Raphael will bring the sounds of his 10th album, Sleepwalkers (Somnambules), to a one-night only acoustic set. Raphael has achieved much success with his album, Caravane, which topped the French and European charts. Known for social and political themes in his lyrics, Raphael will be accompanied by a local children’s choir at this special unplugged concert. French Touch Night May 28 (10pm) Como, TREC Kuala Lumpur www.lefrenchfestival.com.my French actress Melanie Thierry, who is the star of The Princess of Montpensier, will be hosting a Q&A session along with the screening of the film. Thierry, who will be in town with her husband Raphael Haroche, won the Best Actress award at the 2010 Cesar awards in France for this title role. The Q&A session will give Thierry the chance to share her experiences of playing the title role in the historical drama, which is set in 16th-century France. The event is open to members of the public and tickets can be obtained online on the GSC website. GASTRONOMY Mumm Champagne Tasting June 1 (7.30pm) at Neo Tamarind, Jalan Sultan Ismail, Kuala Lumpur June 7 (7.30pm) at Ritz Carlton, Jalan Imbi, Kuala Lumpur C Known as one of the biggest contributors to the global house music scene, there is no doubt that the French know how to throw a party. As part of the festival, there will be a special screening of Eden, at one of Kuala Lumpur’s newest nightspots no less. The film is based on a true story about protagonist Paul and his love of house music. He forms the DJ duo The fast-paced Autarcie (…) brings together four dancers who alternate between forward-facing dance moves and free digression. The dance combines two hip-hop dance specialities — breakdancing and popping — for a warrior dance directed at the audience. The dance tribe will perform amid the pulsating, unbridled rhythms of organic percussion beats. The performance is choreographed by Anne Nguyen, the accomplished founder of the Par Terre Company, which is known for hip-hop and contemporary dance performances. Yves Saint Laurent, La Naissance d’une Légende June 1 to 25 Galeri Petronas, level 3, Suria KLCC 10am to 8pm (daily) The life and times of legendary fashion icon Yves Saint Laurent is told through photographs captured by Pierre Boulat. The exhibition will feature 49 black-and-white photographs of the designer and his long-time partner Pierre Bergé, taken over the course of over 30 years. It will offer a glimpse of the designer’s life and his role as designer at Christian Dior and a behind-the-scenes look backstage. The exhibition is free to members of the public. (F FO ine for Me me gui Ro be Tos La an Ap and lay ad ma is a pow as we P A C W live it! 23 T HURSDAY MAY 5 , 20 16 • T HEED G E FINA NCIA L DA ILY WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE MUSIC BY M AE CHAN PICK OF THE DAY Celestial voices IF you haven’t decided where to take your mum for the upcoming celebration this weekend, Nobu Kuala Lumpur’s Mother’s Day Omakase special may just be the solution for you. Pamper your mother with a hearty Japanese meal, while enjoying an exquisite view of the city as you spend some quality time together. The menu comprises a delectable seven-course meal that brings to life the Peruvian influences within Nobu’s signature Japanese dishes, specially designed by executive chef Philip Leong together with his team. It includes assorted sushi, seared salmon with beetroot and cilantro dressing, matsuhisa cabbage steak with shrimp, grilled beef tenderloin and manuka honeycomb and valrhona flexi ganache for dessert. The Mother’s Day Omakase special is available exclusively for dinner at Nobu Kuala Lumpur, Level 56, Menara 3 Petronas, KLCC from tomorrow to Sunday, and is priced at RM398++ per person. Visit www.noburestaurants.com for enquires, reservations and more. (From left) Yap, Tan and Ang. FOR one night only tonight, three of Malaysia’s prominent classical sopranos will take the stage together for the first time. Cecilia Yap, Tan Khar Gee and Ang Mei Foong will perform in Viva Opera’s Stelle (which means “stars” in Italian), accompanied by distinguished pianist Ng Chong Lim, an alumnus of the Royal College of Music in London. In a mixed-language repertoire, the sopranos will be performing well-loved arias such as Puccini’s Tosca, Macbeth and Il Trovatore by Verdi, Lucia di Lamermoor by Donizetti, Bizet’s The Pearl Fishers, and more by the likes of Lehar, Rossini and Vivaldi. Apart from that, there will also be Chinese, French and Italian art songs, along with local compositions. Considered the current prima donnas of Malaysia’s opera scene, the three sopranos each have a distinctive tone. Described as a singer with dramatic flair and refined expression, Ipoh-born Yap is a spinto-lirico soprano with a traditional Italian powerful vocal style. She spent eight years in Italy as she studied at the Santa Cecilia Conservatoire as well as under renowned sopranos such as K S Ann Personal ASSISTANT CO MPI L ED BY SHALINI YEAP WORK. LIFE. BALANCE Saldarelli, Lorraine Nawa Jones Marenzi, and acclaimed operatic director Marcello Ferroni, and now lectures and performs around the world. A fellow graduate of the Conservatoire, Ang is also an alumni member of the National Taiwan Normal University and the University of Melbourne. Based in Malaysia, Ang’s voice is described as having a “warm and pure timbre”, as she dabbles in her love for contemporary music, including starring roles in musicals, and notably played roles of Carmen and Mercedes in Bizet’s Carmen with the Malaysian Philharmonic Orchestra. A skilled coloratura soprano, Tan holds Masters degrees both from the Conservatory of China and the Accademia Lirica Italiana under the tutelage of renowned tenor Pier Miranda Ferraro, and well-known tutor Roberto Negri from Milan’s Teatro Alla Scala. She’s also performed extensively in China, Italy and the Asia-Pacific. Stelle will be held at the Experimental Theatre, Universiti Malaya, Kuala Lumpur. Tickets are priced at RM100, RM120 and RM150. For more information, call (012) 331 6388. MALAYSIAN artist Sun Kang Jye’s Words Become Ar t exhibition takes place at the Wei-Ling Gallery throughout this month. The exhibition will feature artworks on canvas and paper, focusing on the reimagining of Bible scripture. Driven by his love of the Bible, Sun is inspired by his reflection on its content, turning them into works of art using Chinese characters. His artworks makes reading of the Bible not just an act of reasoning and meditation, but an artistic appreciation. View the artworks between 11am and 7pm today at the WeiLing Gallery, 8 Jalan Scott, Brickfields, Kuala Lumpur. Visit www.weiling-gallery.com or call (03) 2260 1106 for more. FANS of the Singaporean art rock band The Observatory’s can catch the screening of their documentary titled The Obs: A Singapore Story tonight. The screening will be followed by a live music showcase of their latest record, August is the Cruellest. Make your way to The Bee at Publika, 36, Block C, Level G2, Publika, Solaris Dutamas, Jalan Dutamas 1, Kuala Lumpur for the 7.30pm screening. Tickets are priced at RM50 when purchased ahead of time on www.peatix. com, or RM60 at the door. Visit www.facebook.com/TheBeeMY, or call (03) 6201 8577 for more details. FOR a quick and satisfying lunch, head to Senja for its business lunch set menu. Pick and customise three dishes to enjoy a set lunch for RM60 nett, which will be served within an hour. Select dishes like seafood risotto in livorno sauce and lemon confit, linguine with tomato sauce, black olives, capers, basil and chilli, and slow-cooked lamb shank tortino wrapped in baby lettuce with red wine sauce. Senja is located at The Saujana Hotel Kuala Lumpur, Jalan Lapangan Terbang SAAS, Shah Alam. Visit www.shr.my/the-saujana-hotel, or call (03) 7843 1234 for reservations and more information. 24 F E AT U R E T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY Defining sales and marketing Reclaiming distinctions by building the right combination of the two BY D R B RI A N KM W ONG M y recent article on “The human face of marketing” published in The Edge Financial Daily on April 21, 2016 provoked readers into rethinking the true underlying meaning of marketing. Negative perceptions of the marketing profession often pour in when it relates to sales. Personally, I was once denied a conference pass into a corporate governance event as my profession bears the word “marketing.” When probed further, the organiser explained that they had had a negative experience with marketers — who tended to use their platform to promote and hard sell their products. Again, specifically, there is a clear distinction between sales and marketing. Generally, we know that these two functions are different, but is there a clear distinctive line between these two? I have realised that commonly, companies have one person to do both the sales and marketing functions — as they believe that the work requirements are similar, if not the same. In fact, in many smaller scale companies, the marketing function may not exist at all. To really understand the clear line between these functions, I would like to question the meaning of the words sale and marketing respectively. It may sound elementary, but trust me, there are many confusions in this instance due to a lack of basic understanding of the words themselves. Etymologically, the word sale means “an act of selling”. In fact, the word sale associated with a person only appeared in the 1900s when the word sales representative and sales associate were introduced. On the other hand, the word market was introduced as early as the 12th century with several interpretations related to “to trade, deal in, buy, wares, merchandise, and possibly referring to various aspects of economics.” In a nutshell, it is defined as “a meeting at a fixed time for buying and selling livestock and provisions.” The word marketing was later introduced in the 1560s as a verb, interpreted as “buying and selling”. The interpretation evolved to “produce bought at a market” in the 1700s, and in 1897, the business element was considered and reinterpreted as a “process of moving goods from producer to consumer with emphasis on advertising and sales”. From here, we can deduce that the marketing function is to connect the buyer and the seller, thus creating a marketspace. The sale is an element of marketing, but not the same function though. Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. — AMA These etymological interpretations have evolved — in our modern world — to such as: (1) Marketing is the management process responsible for identifying, anticipating and satisfying customer requirements profitably. (Chartered Institute of Marketing, CIM) (2) Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. (American Marketing Association, AMA) (3) Marketing is the science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit. Marketing identifies unfulfilled needs and desires. It defines, measures and quantifies the size of the identified market and the profit potential. It pinpoints which segments the company is capable of serving best and it designs and promotes the appropriate products and services. (Marketing guru Professor Dr Philip Kotler) While the modern definitions of marketing are quite different from the etymological interpretations, it is still debatable, leaving no universal definition for us to conclude. Nevertheless, we know what a marketer needs to do rather than just merely encouraging people to buy a product or service. Marketing involves a set of skills — to identify unresolved problems the customers have, to understand its own company’s capabilities, to set the company’s overarching direction. It also requires the capability to explore, create, and deliver value to the stakeholders. To do so, it needs the ability to understand both the buyers and the sellers through the human lens and not merely a resource for one to tap. These capabilities can only be nurtured through several encounters with the people in the marketspace, which then build up to what we call experience. Special training can further enhance the experience, though it may or may not involve a high level of education. Companies which have a limited budget for hiring different personnel to perform sales and marketing functions will first need to understand that the functions are indeed different. When searching for that one person, such companies will probably need to go through a trial and error process until they find the 4.98 128.98 correctly formulated superman. Perhaps, companies should consider investing in developing a marketing team — tasked with creating a proper marketspace for the company to interact with the potential buyer which reduces the burden of the sales representative in having to perform cold calls. Companies which already have an independent marketing team should start to revisit their marketing function and integrate it into the corporate strategy. In most cases, the marketing team acts as the driver, leading the company’s capabilities toward the customers’ pain points and solve them. In this ever-changing and competitive marketplace, the marketer needs to be recent and able to prepare a conducive marketspace for the sales people to clinch a deal. It is not just about profit, the 4Ps (product, price, place, promotion), and selling blindly to the market, but a communication concept that bridges two parties (the seller and the buyer). Without a proper connection, companies are risking high overhead costs and failures. One thing is common, though, whether it is a sale or a marketing function, both are dealing with humans and this requires the ability to speak the right language. The human face remains a requirement regardless of the sale and marketing functions in a company. A carefully crafted combination of sales and marketing is vital for successful business growth. Dr Brian KM Wong (brian@putrabs. edu.my) is a marketing specialist at Putra Business School, formerly known as the Graduate School of Management, Universiti Putra Malaysia. He is also a change agent, specialising in marketing, strategy, and management. Markets 2 5 THU RSDAY MAY 5 , 20 16 • T HEED G E FINA NCIA L DA ILY BURSA MAL AYSIA MAIN MARKET Bursa Malaysia YEAR HIGH Sectorial Movement INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 1.96 KLSE COMPOSITE 1,657.58 6.14 0.37 TECHNOLOGY 20.76 0.40 KLSE INDUSTRIAL 3,165.07 31.03 0.99 FTSE BURSA 100 11,252.09 47.61 12,950.18 76.13 0.59 0.42 CONSUMER PRODUCT 580.17 3.94 0.68 FTSE BURSA MID 70 INDUSTRIAL PRODUCT 141.90 0.26 0.18 FTSE BURSA SMALL CAP 15,336.23 82.59 0.54 CONSTRUCTION 285.02 4.04 1.44 FTSE BURSA FLEDGLING 15,815.94 64.82 0.41 TRADE & SERVICES 224.59 1.03 0.46 FTSE BURSA EMAS 11,554.71 49.72 0.43 14,445.31 35.99 0.25 FTSE BUR M’SIA ACE 5,656.25 37.61 0.67 KLSE PROPERTY 1,166.44 -1.10 -0.09 FTSE BUR EMAS SHARIAH 12,117.39 28.63 0.24 KLSE PLANTATION 7,621.22 0.13 Unch FTSE BUR HIJRAH SHARIAH 13,571.62 37.15 0.27 490.39 -4.06 -0.82 FTSE/ASEAN 40 8,861.52 -106.05 -1.18 KLSE FINANCIAL KLSE MINING Bursa Malaysia Main Market YEAR HIGH YEAR LOW DAY HIGH CONSUMER PRODUCTS 0.745 0.550 0.715 4.334 3.400 3.980 12.060 5.327 11.980 0.480 0.220 — 6.320 4.052 5.900 2.400 1.150 — 5.299 2.977 4.200 64.898 40.700 47.600 0.090 0.040 0.045 1.086 0.590 0.600 1.870 0.880 1.590 0.660 0.427 0.520 0.420 0.230 0.275 13.390 10.731 12.600 1.310 0.720 1.200 2.925 2.350 2.390 1.970 0.454 1.220 3.290 1.670 2.720 0.085 0.035 — 2.417 1.222 2.080 1.369 1.010 1.350 0.175 0.065 0.095 0.075 0.040 0.050 0.963 0.785 0.880 54.000 40.020 52.920 0.165 0.065 0.105 0.265 0.105 0.120 0.280 0.165 — 0.460 0.190 0.290 2.620 1.693 — 0.325 0.225 0.230 0.940 0.640 — 23.500 16.745 22.460 0.940 0.475 — 1.359 0.990 0.990 1.220 0.360 1.050 0.966 0.553 0.780 1.640 0.720 1.050 2.760 2.070 2.620 1.200 0.930 — 0.175 0.040 0.050 15.180 11.735 15.000 7.550 4.307 7.550 1.196 0.860 0.895 0.533 0.391 0.425 5.280 2.850 4.020 1.416 0.819 1.310 0.480 0.340 0.445 3.102 1.816 1.930 1.420 0.623 0.960 1.170 0.450 — 3.160 2.427 2.550 3.965 1.804 3.180 0.265 0.025 0.050 0.935 0.560 — 2.632 1.742 — 1.200 0.920 1.030 0.115 0.045 0.050 8.100 5.160 5.600 9.700 2.950 9.220 0.405 0.130 0.405 0.405 0.215 0.285 2.917 2.010 2.430 0.925 0.700 0.780 2.343 1.422 1.540 4.585 2.017 4.230 0.150 0.020 0.035 1.490 1.141 1.240 1.120 0.810 0.920 1.368 1.080 1.150 5.226 4.507 4.900 0.140 0.030 0.035 1.650 1.100 1.390 76.900 68.737 74.680 2.800 2.186 2.700 0.200 0.080 0.125 0.370 0.220 0.285 1.079 0.614 0.960 0.580 0.460 0.490 2.518 1.841 2.300 7.728 6.368 6.930 2.240 1.214 2.210 30.200 19.941 29.200 0.785 0.600 — 0.370 0.200 — 0.885 0.275 0.660 1.200 0.725 0.765 0.325 0.175 0.285 0.580 0.402 0.510 2.099 1.410 1.530 16.980 14.244 16.100 0.614 0.458 — 2.698 1.643 1.950 1.470 0.945 1.420 2.931 1.615 2.120 4.650 3.662 4.410 1.690 1.340 1.510 1.450 1.190 1.270 0.546 0.270 0.310 1.000 0.480 0.985 1.430 0.500 0.670 0.120 0.055 0.065 2.450 0.890 1.780 1.546 0.771 1.020 0.065 0.040 — 2.750 1.671 2.590 1.520 0.730 1.180 0.745 0.365 0.570 0.460 0.280 — 3.086 2.200 2.220 1.300 0.355 1.230 1.942 1.040 1.310 1.610 1.184 — 0.575 0.445 — 0.475 0.170 0.455 10.626 6.250 6.500 2.430 1.530 2.150 0.860 0.430 0.800 0.098 0.035 0.045 0.670 0.345 — 0.630 0.260 0.295 2.410 1.430 2.270 0.555 0.190 0.545 1.147 0.799 — 3.490 1.517 2.320 2.084 1.354 1.450 INDUSTRIAL PRODUCTS 1.236 0.883 1.050 0.170 0.095 — 0.640 0.470 0.515 0.450 0.270 — 1.070 0.835 0.840 2.454 1.850 1.980 * Volume Weighted Average Price DAY LOW 0.690 3.870 11.600 — 5.880 — 4.120 42.900 0.045 0.590 1.560 0.510 0.275 12.420 1.160 2.350 1.210 2.680 — 2.050 1.300 0.090 0.045 0.880 52.800 0.095 0.115 — 0.280 — 0.225 — 22.180 — 0.990 1.040 0.775 1.020 2.620 — 0.050 14.820 7.420 0.875 0.415 4.020 1.300 0.440 1.930 0.960 — 2.440 3.100 0.050 — — 1.030 0.045 5.500 9.200 0.380 0.275 2.280 0.770 1.490 4.170 0.020 1.220 0.900 1.150 4.900 0.030 1.390 74.500 2.700 0.115 0.275 0.945 0.490 2.300 6.860 2.140 29.000 — — 0.615 0.765 0.280 0.510 1.460 15.940 — 1.890 1.400 2.050 4.360 1.510 1.250 0.295 0.940 0.625 0.060 1.730 0.995 — 2.550 1.180 0.565 — 2.200 1.200 1.280 — — 0.445 6.400 2.130 0.780 0.035 — 0.285 2.210 0.540 — 2.290 1.450 1.030 — 0.505 — 0.835 1.890 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) 0.710 3.970 11.980 0.220 5.880 1.200 4.130 46.800 0.045 0.595 1.580 0.515 0.275 12.600 1.200 2.360 1.210 2.720 0.040 2.080 1.340 0.095 0.050 0.880 52.920 0.105 0.120 0.195 0.290 2.100 0.230 0.800 22.180 0.680 0.990 1.040 0.780 1.050 2.620 1.110 0.050 14.860 7.530 0.890 0.420 4.020 1.300 0.445 1.930 0.960 0.670 2.440 3.170 0.050 0.770 2.150 1.030 0.045 5.600 9.220 0.400 0.285 2.420 0.780 1.520 4.220 0.025 1.220 0.900 1.150 4.900 0.035 1.390 74.500 2.700 0.120 0.285 0.960 0.490 2.300 6.860 2.180 29.200 0.715 0.280 0.660 0.765 0.280 0.510 1.530 16.100 0.505 1.920 1.410 2.080 4.400 1.510 1.270 0.305 0.980 0.645 0.065 1.780 1.020 0.050 2.580 1.180 0.570 0.330 2.220 1.220 1.300 1.460 0.520 0.455 6.450 2.130 0.780 0.045 0.455 0.290 2.270 0.540 0.910 2.320 1.450 1.040 0.095 0.510 0.270 0.835 1.900 +/– (RM) VOL (‘000) 0.005 242.8 -0.010 223.3 0.280 138.2 — — -0.020 10.5 — — -0.070 16.6 3.800 1589.7 0.005 50 0.005 532.4 UNCH 156.3 -0.005 16.5 -0.005 21.8 -0.120 104.2 0.040 44.9 -0.010 186.4 -0.020 54.8 0.020 28 — — 0.040 23 UNCH 42.6 UNCH 909.8 0.005 1588.3 UNCH 0.1 0.020 2.7 0.005 1496.4 UNCH 13117 — — 0.010 375.9 — — UNCH 69.3 — — -0.220 677.7 — — UNCH 1.2 -0.020 98.1 0.005 85.5 0.030 59.3 UNCH 0.2 — — UNCH 4 0.020 24.4 0.130 180.5 0.015 418.6 0.005 429.6 0.100 1 -0.010 163.2 0.005 12 -0.010 6 -0.010 26 — — -0.130 3911.1 0.020 138 -0.010 4 — — — — UNCH 29.2 -0.005 130.2 0.070 29.1 0.020 6 0.005 2252.2 0.005 327.2 0.070 456.8 UNCH 35 UNCH 56.1 -0.010 60 -0.010 9659.2 -0.010 101.6 -0.045 7.9 -0.050 4 -0.060 192 0.005 8431.1 UNCH 3.5 -0.400 113 UNCH 12.5 UNCH 2443.2 0.005 2544.6 0.010 92.8 UNCH 188.9 UNCH 50 UNCH 163.6 UNCH 2670.8 0.700 0.7 — — — — -0.025 5.3 UNCH 14 UNCH 1370.1 -0.010 30 0.070 263.8 -0.060 1476.6 — — 0.030 115.2 0.010 54.8 -0.040 111.3 0.040 554.2 0.010 0.3 0.020 79 0.005 2051.9 0.025 140.8 -0.010 40745.1 0.005 6860.8 0.040 13.6 0.010 414.6 — — -0.010 3.5 UNCH 5 0.005 434.2 — — 0.010 158.7 0.010 1518.3 0.010 121.7 — — — — 0.015 303.4 -0.020 1834.5 -0.010 5.2 UNCH 144.6 UNCH 12850.4 — — -0.005 406 0.010 93.4 UNCH 121.2 — — 0.020 6.8 UNCH 15 0.010 — UNCH — -0.005 -0.080 191.1 — 96.7 — 13 241.8 # PE is calculated based on latest 12 months reported Earnings Per Share VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) 0.706 13.08 3.966 13.58 11.811 18.26 — — 5.895 13.61 — — 4.125 10.87 45.821 15.86 0.045 — 0.596 13.77 1.574 14.96 0.510 5.72 0.275 7.31 12.504 17.84 1.167 13.45 2.356 10.69 1.214 6.68 2.690 17.20 — — 2.067 14.54 1.327 14.06 0.095 2.09 0.045 — 0.880 10.21 52.865 21.45 0.100 — 0.118 — — — 0.284 4.14 — 44.59 0.228 26.74 — — 22.207 22.43 — — 0.990 34.02 1.044 13.83 0.779 12.06 1.024 21.97 2.620 14.60 — — 0.050 — 14.879 18.04 7.499 10.50 0.886 9.48 0.419 15.67 4.020 8.41 1.307 19.01 0.443 296.67 1.930 9.23 0.960 7.55 — 4.82 2.463 31.24 3.146 19.12 0.050 — — 14.45 — 13.93 1.030 23.73 0.045 — 5.538 6.16 9.217 23.94 0.395 — 0.282 9.60 2.365 7.56 0.773 8.38 1.507 10.26 4.217 8.60 0.024 — 1.230 32.02 0.901 152.54 1.150 15.91 4.900 12.51 0.030 — 1.390 21.75 74.571 28.02 2.700 10.54 0.120 — 0.280 29.38 0.955 17.55 0.490 — 2.300 18.96 6.864 16.25 2.153 13.08 29.086 13.20 — 26.58 — 20.74 0.618 — 0.765 — 0.282 24.14 0.510 36.17 1.499 7.23 16.017 18.15 — 18.23 1.922 8.86 1.402 15.93 2.096 10.93 4.391 27.41 1.510 22.40 1.251 20.52 0.304 — 0.956 28.00 0.646 — 0.062 — 1.747 6.59 1.009 9.66 — 45.45 2.560 13.07 1.180 245.83 0.567 10.44 — — 2.220 19.35 1.214 14.49 1.304 8.95 — 22.29 — — 0.449 16.61 6.429 — 2.145 8.81 0.785 9.09 0.040 23.68 — 43.75 0.289 0.88 2.252 12.93 0.544 — — 7.65 2.306 10.72 1.450 14.02 3.52 2.77 1.67 — 4.25 0.42 3.87 6.18 — 3.16 — 1.94 — 5.71 2.50 4.03 1.65 — — 3.55 7.46 — — 1.70 1.89 — — — — 3.10 — — 2.59 — 1.52 0.96 8.97 — 0.76 3.60 — 4.78 4.25 4.49 2.38 — 3.08 — 4.15 4.17 — 0.68 0.79 — — 3.26 — — 2.14 — — — 4.68 — 3.29 1.90 — 3.28 — 2.61 5.31 — 0.96 3.22 4.07 — 1.75 0.83 — 2.17 2.62 4.59 1.71 3.50 — — — — 1.96 2.61 1.55 2.48 1.48 4.26 3.85 0.97 — 1.57 — — — — 5.62 4.90 — 1.94 — — — 2.25 0.82 2.69 5.14 1.92 — 3.10 4.23 3.85 — — 6.31 1.54 — 4.40 2.80 4.14 126.3 465.1 728.4 11.0 470.4 94.9 790.1 13,362.8 22.4 479.7 271.2 41.2 53.4 3,881.8 189.2 658.3 50.9 440.6 26.7 475.9 161.5 118.1 39.3 117.9 3,386.9 61.7 37.4 32.8 27.8 148.6 55.9 35.5 8,135.1 41.5 247.5 87.0 192.9 504.2 1,599.9 505.5 23.4 4,489.2 2,469.1 267.0 341.3 348.3 1,040.0 33.3 169.9 131.8 55.0 2,445.8 746.1 3.4 77.0 86.1 136.4 12.0 544.4 553.0 26.4 47.8 435.6 145.5 197.8 686.7 10.0 671.3 49.0 69.9 3,444.6 21.2 321.9 17,470.3 202.9 36.3 67.9 1,078.3 103.9 552.0 4,255.9 1,434.2 1,773.8 86.4 19.6 39.6 423.3 216.5 209.3 347.0 19,086.5 50.5 229.2 109.7 632.5 5,491.3 93.1 354.8 36.6 117.6 68.4 33.9 89.0 244.8 98.7 398.5 172.1 348.8 26.4 1,491.8 387.5 390.0 59.5 72.1 106.4 7,535.5 169.5 124.8 121.3 33.1 140.7 424.5 67.5 145.6 312.3 667.0 1.35 — — — — 6.32 409.3 25.1 75.1 59.0 127.6 39.0 1.041 — 0.510 — 0.836 1.915 20.39 — — 9.03 39.20 13.01 YEAR LOW DAY HIGH DAY LOW 0.170 0.100 0.105 0.100 0.465 0.325 — — 0.400 0.260 0.325 0.325 4.790 2.200 3.290 3.250 0.505 0.110 0.150 0.150 0.850 0.610 0.850 0.840 0.475 0.335 0.360 0.360 1.260 0.620 1.150 1.100 0.360 0.120 0.235 0.225 1.520 1.033 — — 5.025 3.730 3.900 3.900 0.730 0.382 0.680 0.660 0.819 0.543 0.630 0.625 0.745 0.500 — — 1.660 0.510 1.660 1.580 2.480 1.560 — — 0.795 0.285 0.610 0.580 0.140 0.090 0.110 0.110 1.552 0.975 1.000 0.975 3.100 2.150 2.480 2.480 1.985 0.777 1.490 1.440 0.520 0.285 0.310 0.310 0.295 0.175 — — 0.455 0.150 0.215 0.215 5.170 2.000 4.190 4.080 0.286 0.055 0.060 0.055 2.350 1.576 2.230 2.200 1.100 0.846 0.980 0.980 1.690 1.150 1.600 1.560 2.560 1.380 1.690 1.600 1.500 1.140 — — 2.284 1.234 1.730 1.670 1.688 1.340 1.560 1.500 1.230 0.640 — — 0.090 0.040 0.045 0.045 5.977 3.730 3.930 3.730 0.510 0.160 0.190 0.185 3.051 1.423 1.610 1.590 0.910 0.200 0.690 0.650 1.000 0.670 0.760 0.735 1.450 0.880 1.440 1.420 1.008 0.630 — — 0.440 0.275 — — 2.398 1.621 2.080 2.070 0.475 0.225 0.370 0.360 0.308 0.170 0.215 0.215 0.635 0.250 0.340 0.335 0.510 0.331 — — 0.920 0.660 0.680 0.670 1.536 1.091 1.140 1.130 1.837 0.940 0.965 0.940 0.675 0.250 0.500 0.485 1.260 0.406 0.850 0.815 1.600 1.000 1.170 1.170 0.410 0.190 0.380 0.330 0.793 0.591 0.600 0.595 1.683 0.995 1.100 1.080 1.560 0.600 0.950 0.910 1.176 0.918 1.040 1.020 3.210 2.274 2.710 2.680 0.835 0.347 0.500 0.490 2.686 1.977 — — 3.090 1.174 2.170 2.120 1.645 1.370 — — 2.970 0.650 1.540 1.480 0.075 0.040 0.050 0.045 0.390 0.200 — — 0.135 0.080 — — 0.565 0.285 — — 0.312 0.173 0.265 0.245 0.135 0.070 0.095 0.095 1.080 0.865 0.880 0.865 0.750 0.320 0.515 0.500 6.124 4.020 4.200 4.020 3.500 2.890 3.210 3.210 1.790 1.110 1.250 1.210 0.985 0.706 0.885 0.875 0.525 0.200 0.495 0.445 0.905 0.130 0.185 0.175 1.800 0.934 — — 0.990 0.530 0.760 0.720 0.430 0.310 — — 0.100 0.025 0.035 0.030 4.030 2.880 3.100 3.080 0.148 0.055 0.060 0.055 0.960 0.760 — — 2.180 1.371 2.110 2.030 0.400 0.220 0.235 0.220 0.120 0.045 0.095 0.090 0.175 0.135 0.145 0.140 0.300 0.075 0.110 0.105 1.320 0.920 — — 2.830 1.210 1.780 1.750 1.810 1.051 1.370 1.310 0.230 0.145 0.180 0.180 1.290 0.353 0.940 0.930 0.985 0.430 0.550 0.550 3.440 2.730 3.240 3.210 2.561 1.373 1.950 1.860 0.205 0.070 0.080 0.075 2.110 1.280 1.620 1.620 0.685 0.390 0.470 0.460 2.703 0.937 1.490 1.470 0.775 0.335 0.495 0.485 9.500 5.697 6.080 6.000 0.600 0.400 — — 5.740 4.286 5.030 5.020 0.524 0.330 0.390 0.380 0.600 0.390 — — 9.636 8.167 8.600 8.400 0.605 0.384 0.535 0.515 0.784 0.405 0.660 0.625 0.605 0.420 0.490 0.475 0.205 0.110 0.130 0.120 0.075 0.030 0.045 0.040 0.117 0.045 0.060 0.055 0.475 0.220 0.420 0.400 0.295 0.110 0.260 0.250 0.120 0.060 0.065 0.065 4.250 3.180 3.720 3.700 0.740 0.330 0.630 0.595 0.808 0.502 — — 0.555 0.350 0.400 0.400 0.889 0.652 0.780 0.780 0.380 0.175 0.375 0.335 0.805 0.500 — — 1.650 1.090 1.250 1.250 2.100 1.640 — — 1.340 0.605 0.835 0.810 0.105 0.060 0.105 0.090 1.920 0.790 1.460 1.440 0.660 0.325 0.570 0.560 2.760 2.090 2.650 2.610 2.600 1.040 1.950 1.840 1.200 0.810 0.850 0.820 0.460 0.210 0.460 0.430 0.200 0.070 0.100 0.080 0.645 0.100 0.420 0.385 0.705 0.454 0.560 0.560 1.120 0.647 1.030 0.990 1.300 0.890 — — 0.080 0.050 0.055 0.055 7.511 5.096 6.650 6.590 1.740 1.590 1.660 1.600 0.735 0.381 0.645 0.590 6.180 3.887 5.870 5.770 0.330 0.090 0.115 0.105 23.312 19.898 21.960 21.700 7.310 2.550 5.400 5.330 14.100 5.460 13.100 12.900 1.089 0.766 1.000 0.980 3.140 1.375 3.070 2.950 0.650 0.430 — — 0.480 0.340 0.355 0.340 1.170 0.650 0.870 0.850 0.380 0.305 0.320 0.320 0.570 0.400 0.510 0.505 1.180 0.450 1.120 1.100 0.190 0.105 0.110 0.105 1.700 1.360 — — 0.950 0.690 — — 6.330 5.480 6.010 5.990 0.505 0.224 0.350 0.335 0.960 0.633 0.800 0.775 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) 0.105 0.400 0.325 3.250 0.150 0.840 0.360 1.150 0.235 1.060 3.900 0.680 0.630 0.565 1.640 1.680 0.600 0.110 1.000 2.480 1.490 0.310 0.220 0.215 4.190 0.060 2.210 0.980 1.560 1.690 1.150 1.710 1.520 0.705 0.045 3.810 0.185 1.600 0.675 0.755 1.440 0.890 0.390 2.070 0.365 0.215 0.340 0.510 0.680 1.140 0.955 0.500 0.840 1.170 0.365 0.600 1.090 0.940 1.030 2.710 0.500 2.300 2.170 1.450 1.540 0.045 0.230 0.080 0.365 0.250 0.095 0.880 0.515 4.100 3.210 1.240 0.880 0.480 0.185 1.140 0.760 0.315 0.030 3.100 0.060 0.800 2.100 0.220 0.090 0.140 0.105 1.090 1.760 1.370 0.180 0.930 0.550 3.240 1.900 0.075 1.620 0.465 1.480 0.495 6.080 0.480 5.030 0.390 0.410 8.580 0.535 0.655 0.485 0.125 0.045 0.060 0.415 0.250 0.065 3.700 0.615 0.635 0.400 0.780 0.360 0.550 1.250 1.750 0.820 0.105 1.450 0.565 2.650 1.860 0.830 0.440 0.080 0.385 0.560 1.020 0.970 0.055 6.640 1.610 0.630 5.860 0.115 21.860 5.400 13.060 0.980 3.070 0.495 0.350 0.870 0.320 0.510 1.100 0.105 1.500 0.855 6.010 0.350 0.800 +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) UNCH 878 — — -0.005 20 -0.050 58 -0.050 3 UNCH 82.5 UNCH 14.5 UNCH 679.9 UNCH 698.9 — — UNCH 21.9 0.020 222.8 UNCH 41.4 — — 0.040 3967.6 — — 0.010 387.4 UNCH 50 UNCH 668.5 -0.020 11.6 UNCH 25 0.005 83 — — -0.005 190 UNCH 403.8 -0.005 9786.2 -0.010 62.1 0.030 0.6 UNCH 194.9 -0.010 1.9 — — 0.030 666.9 -0.020 15.2 — — -0.005 207.4 0.060 9673.6 -0.005 24 UNCH 356 0.020 3384.1 0.015 275.3 UNCH 86.2 — — — — UNCH 231.2 0.010 425.7 UNCH 2461.9 UNCH 57.8 — — 0.005 279.5 -0.010 21 0.005 1567.5 0.015 1881.8 0.015 2468.6 UNCH 0.1 -0.005 184.2 UNCH 22 0.020 1339.3 0.020 383.3 UNCH 26.5 UNCH 201.5 -0.005 17.5 — — 0.040 943.3 — — 0.040 149.8 -0.005 1663.6 — — — — — — UNCH 1662.4 UNCH 100 0.010 47.5 0.005 142.4 -0.040 4867.6 -0.110 1 0.050 1745.9 UNCH 86 0.025 7794.8 UNCH 1775.1 — — 0.010 42 — — UNCH 500.3 0.020 188.5 0.005 124.1 — — -0.020 2113.1 -0.005 227 UNCH 280.5 UNCH 218 0.020 17 — — -0.020 73 0.060 703.4 0.005 0.5 0.020 32.6 UNCH 28.3 UNCH 31.5 0.010 51.7 -0.005 3770.8 -0.020 15.5 UNCH 16040.5 0.030 29.1 0.005 624.1 0.090 732.1 — — 0.010 26.1 0.010 14 — — 0.220 270.9 0.015 443 0.020 895.8 0.005 593.5 UNCH 700.2 0.005 114.4 0.005 462 0.005 3712 -0.010 59 UNCH 977 0.030 8.1 -0.025 1360.2 — — 0.020 7.3 UNCH 165 0.025 4108.9 — — 0.010 14 — — 0.005 286.2 0.010 23539.2 -0.010 337.6 UNCH 69.5 0.030 29.5 UNCH 47.5 0.010 16 -0.005 4212.7 -0.015 237.2 -0.025 2384.7 UNCH 44.8 0.010 401.6 — — UNCH 150 -0.030 5168.1 -0.030 828.6 -0.015 2999.7 0.070 9.3 0.010 190.5 -0.020 1069.3 UNCH 10 0.020 34.5 0.010 45 0.130 2002.6 — — 0.005 51 UNCH 55.9 -0.010 17.8 -0.005 43 UNCH 623.4 UNCH 660.2 — — — — 0.010 417 0.015 45 0.020 44.6 0.101 — 0.325 3.251 0.150 0.848 0.360 1.132 0.229 — 3.900 0.672 0.629 — 1.622 — 0.599 0.110 0.982 2.480 1.477 0.310 — 0.215 4.111 0.056 2.218 0.980 1.579 1.647 — 1.707 1.515 — 0.045 3.859 0.188 1.598 0.675 0.750 1.432 — — 2.071 0.363 0.215 0.339 — 0.673 1.131 0.955 0.494 0.830 1.170 0.358 0.596 1.090 0.934 1.037 2.689 0.496 — 2.146 — 1.513 0.045 — — — 0.254 0.095 0.872 0.507 4.057 3.210 1.228 0.878 0.472 0.179 — 0.755 — 0.035 3.082 0.060 — 2.069 0.223 0.092 0.142 0.106 — 1.763 1.347 0.180 0.934 0.550 3.221 1.921 0.075 1.620 0.465 1.480 0.491 6.055 — 5.025 0.381 — 8.490 0.524 0.645 0.479 0.125 0.044 0.055 0.413 0.257 0.065 3.700 0.612 — 0.400 0.780 0.360 — 1.250 — 0.820 0.099 1.449 0.563 2.641 1.861 0.833 0.446 0.083 0.394 0.560 1.007 — 0.055 6.638 1.644 0.622 5.804 0.109 21.847 5.365 13.041 0.986 3.022 — 0.345 0.857 0.320 0.509 1.115 0.107 — — 5.996 0.340 0.778 — 24.84 — 10.25 — 24.14 133.33 — — 9.65 12.61 6.45 9.24 1.87 — — 11.93 — 17.18 16.07 12.65 — — — 9.37 1.52 12.46 15.03 12.59 4.90 — 8.38 27.94 — — 16.37 — 6.17 6.80 15.22 9.92 15.01 — 21.12 8.71 179.17 212.50 — 2.63 8.27 — 8.03 4.33 — 10.00 24.10 9.29 15.93 14.53 6.25 10.92 11.01 7.06 3.54 9.32 — — — — 13.16 — 23.40 — 26.50 15.16 6.75 10.80 — — 7.45 12.22 27.16 — 23.79 — — 16.83 — 12.00 27.45 — 59.24 9.49 20.73 15.13 9.18 12.70 10.96 7.70 — 16.02 15.66 7.94 — 19.13 — 13.36 20.00 — 28.99 10.62 9.44 8.14 — — — — — — 9.44 — 11.78 — 11.00 150.00 17.30 8.92 7.85 9.23 — 9.45 4.98 — 21.63 — 4.92 — — 19.65 9.46 10.22 — 19.08 — 4.19 10.53 — 21.76 6.61 20.42 9.83 29.38 — 8.45 6.72 78.05 8.36 26.25 19.44 15.58 14.57 — 7.23 12.33 — — — 1.85 — 5.95 — 2.61 — 6.13 5.00 3.31 3.10 — — — — — 1.75 — 4.03 — — — 0.95 — 2.71 2.55 3.85 — — 4.58 3.95 2.48 — 1.18 — 2.50 — — 5.56 6.74 — 2.84 — — — — — 3.18 6.28 6.20 — — — 1.67 0.92 0.53 2.43 5.54 2.10 5.43 6.91 10.34 — — — — — 3.00 — 5.68 — 1.95 — 2.22 5.11 0.63 — 3.07 1.97 — — 0.97 — — 1.67 — — 2.14 — 2.75 2.27 0.73 2.22 1.08 — 0.62 3.16 — 2.47 — 2.03 — 1.97 — 1.99 2.05 — 3.61 3.74 6.11 3.09 — — — — — — 4.05 1.06 1.57 — 3.85 — 1.82 4.80 3.43 — — — — — 1.61 — — — — 3.57 2.94 2.58 — 2.71 — 5.56 6.48 — 2.74 3.70 0.92 4.08 2.44 — — — — 3.92 0.91 — — — — 7.14 3.75 MKT CAP (MIL) 24.9 72.0 42.9 247.5 8.7 112.8 78.8 601.1 69.6 119.6 786.2 81.6 172.7 40.0 100.2 417.4 28.9 30.4 516.0 148.9 279.7 50.9 21.6 26.9 805.1 80.1 1,189.5 448.5 187.2 75.7 47.2 512.2 167.1 32.3 19.8 4,093.4 8.4 850.6 94.5 421.9 547.2 89.0 29.3 565.6 38.1 38.8 91.4 6.3 151.0 188.1 1,846.2 87.7 177.7 192.1 62.5 99.6 922.6 208.6 87.7 596.0 49.0 564.1 223.9 270.6 123.2 242.2 25.4 78.4 49.1 83.4 50.2 244.6 54.6 6,728.2 178.0 563.8 176.3 344.8 209.6 46.3 211.8 25.2 33.7 1,485.2 54.4 88.4 168.0 29.3 84.8 62.9 18.2 138.2 164.2 1,334.0 85.6 92.1 34.1 1,439.1 295.7 78.7 417.6 1,002.6 100.8 61.7 3,888.0 27.1 1,818.2 37.4 61.5 7,290.4 132.9 235.8 150.4 40.2 59.2 83.5 297.9 32.0 112.6 153.8 150.4 34.7 16.8 71.8 81.6 38.5 50.2 210.0 172.2 69.8 159.3 50.6 265.0 567.4 36.9 124.8 4.4 123.2 108.8 161.3 73.0 52.1 53,120.0 302.7 81.7 581.9 64.4 43,255.1 1,458.0 1,003.1 78.4 3,987.4 65.1 56.0 95.6 107.8 92.8 162.9 68.7 86.9 35.9 525.6 48.0 183.4 26 Markets T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY T HU BURSA MAL AYSIA MAIN MARKET YEAR HIGH YEAR LOW DAY HIGH DAY LOW 4.200 3.154 3.760 3.740 8.280 2.802 6.280 6.220 1.243 0.777 — — 1.870 1.130 1.460 1.420 3.248 1.644 2.950 2.860 1.070 0.700 — — 13.600 6.478 12.140 11.500 0.925 0.280 0.320 0.320 0.380 0.230 0.235 0.235 1.350 0.526 0.870 0.845 0.400 0.230 0.240 0.240 0.770 0.305 0.310 0.305 6.350 2.600 3.070 3.040 0.695 0.365 0.470 0.470 0.720 0.480 — — 1.556 0.822 1.320 1.310 2.388 0.945 2.010 2.000 0.850 0.610 — — 1.170 0.690 0.990 0.970 0.462 0.200 0.355 0.355 2.240 1.500 — — 2.550 1.300 — — 2.320 1.126 1.970 1.950 3.534 1.870 2.630 2.580 5.750 3.126 4.750 4.620 0.440 0.240 0.365 0.355 0.830 0.370 0.390 0.385 15.760 13.828 15.600 15.160 15.800 14.900 — — 0.190 0.080 0.155 0.140 0.450 0.215 — — 2.210 0.700 1.270 1.220 1.720 0.685 1.330 1.300 0.495 0.220 — — 3.530 1.650 3.150 3.090 3.260 1.562 2.360 2.350 0.800 0.630 — — 2.929 1.402 2.470 2.400 2.300 1.660 2.080 2.060 7.030 4.870 5.020 4.920 0.745 0.520 — — 0.215 0.140 0.150 0.150 1.770 1.360 1.760 1.730 5.569 2.749 5.380 5.380 1.332 0.681 1.050 1.030 0.820 0.610 0.770 0.750 1.633 1.130 1.210 1.180 1.408 0.715 0.755 0.735 0.400 0.275 — — 2.150 1.377 1.730 1.700 2.865 1.609 2.390 2.330 0.670 0.490 — — 0.580 0.405 — — 2.407 2.054 — — 1.550 0.895 1.240 1.160 1.505 0.830 0.940 0.925 1.080 0.790 0.945 0.925 0.300 0.160 0.260 0.240 0.800 0.510 0.580 0.580 CONSTRUCTION 0.560 0.260 — — 0.195 0.100 0.110 0.100 0.775 0.505 0.730 0.705 0.936 0.511 0.670 0.645 0.790 0.490 0.495 0.490 0.553 0.330 0.420 0.405 1.064 0.847 0.885 0.880 1.158 0.840 0.905 0.895 1.859 1.540 1.650 1.650 1.410 0.753 1.320 1.260 1.550 0.835 1.550 1.380 0.620 0.330 0.595 0.585 2.580 1.100 2.110 2.070 5.070 3.665 4.860 4.640 1.353 0.780 0.900 0.850 1.450 0.780 0.860 0.855 1.359 1.301 — — 1.340 1.290 — — 2.140 1.601 1.840 1.790 3.640 2.844 3.500 3.430 0.835 0.540 0.755 0.720 0.806 0.480 — — 1.280 0.650 1.030 1.010 0.410 0.195 0.210 0.205 1.960 1.170 1.930 1.860 1.050 0.740 — — 1.960 1.050 1.800 1.740 1.540 1.090 — — 1.287 0.663 0.785 0.780 0.450 0.325 — — 1.336 1.020 1.230 1.200 0.370 0.190 0.240 0.240 1.520 0.840 1.200 1.160 2.642 1.497 2.310 2.280 0.715 0.355 0.365 0.365 1.489 1.160 1.170 1.160 1.994 1.366 1.740 1.660 0.210 0.110 0.120 0.115 4.063 2.905 3.510 3.500 1.050 0.660 0.670 0.665 1.720 0.954 1.630 1.590 0.515 0.330 0.365 0.355 0.525 0.265 0.455 0.445 1.740 0.845 1.410 1.380 0.792 0.438 0.525 0.520 1.760 1.083 1.670 1.650 0.865 0.555 0.745 0.740 0.395 0.200 0.215 0.210 TRADING SERVICES 0.395 0.150 0.355 0.325 0.566 0.270 0.290 0.275 3.300 2.470 2.810 2.790 0.235 0.135 0.200 0.190 2.308 0.765 1.980 1.900 6.970 4.220 6.730 6.600 0.715 0.340 0.365 0.355 0.095 0.080 0.090 0.080 10.626 8.984 9.560 9.400 2.780 1.518 2.190 2.150 0.345 0.045 0.060 0.050 1.308 0.700 0.780 0.755 0.170 0.105 0.140 0.130 3.084 2.385 2.790 2.630 5.300 4.160 5.270 5.260 0.625 0.285 0.625 0.600 6.757 5.270 5.640 5.560 0.320 0.203 — — 1.060 0.690 0.710 0.695 0.599 0.335 0.435 0.425 0.450 0.195 0.245 0.230 7.190 6.347 — — 1.370 1.080 1.150 1.120 2.802 1.740 2.280 2.170 0.440 0.336 0.380 0.365 2.834 1.840 1.900 1.840 0.855 0.610 — — 0.480 0.330 — — 3.427 2.823 3.080 3.030 0.215 0.119 0.150 0.145 1.170 0.555 0.925 0.915 4.396 3.630 3.800 3.780 1.070 0.450 0.460 0.455 2.140 0.990 1.650 1.650 3.872 2.168 3.400 3.350 1.092 0.713 0.875 0.860 0.508 0.332 — — 0.600 0.400 0.440 0.420 0.105 0.060 0.085 0.085 1.030 0.650 — — 0.060 0.040 0.045 0.045 2.070 1.390 2.000 1.980 0.140 0.075 0.080 0.075 2.770 0.990 1.290 1.230 1.586 0.870 1.170 1.130 0.685 0.480 0.615 0.590 1.679 1.284 1.590 1.560 5.242 3.530 3.890 3.780 1.697 0.972 1.290 1.250 0.430 0.240 0.300 0.285 1.090 1.476 0.738 1.120 0.450 0.210 — — 0.320 0.195 0.235 0.225 3.960 2.718 3.750 3.550 0.366 0.178 0.285 0.285 * Volume Weighted Average Price CODE COUNTER CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) YEAR HIGH 1.097 1.567 1.450 1.380 0.802 0.665 1.519 0.340 0.370 2.794 1.800 4.640 9.900 1.880 0.503 2.580 0.070 0.410 7.930 1.412 3.458 0.017 0.610 6.750 0.882 1.630 0.335 1.980 0.490 0.450 1.971 0.408 1.944 4.379 1.499 0.650 0.325 0.420 0.350 0.740 1.940 2.666 1.855 0.175 7.034 1.189 3.410 1.587 0.750 0.950 2.306 1.380 9.171 2.705 0.540 0.125 0.220 0.390 2.380 0.980 0.125 0.973 0.840 1.706 0.145 2.750 0.496 0.715 2.045 1.410 0.130 1.427 1.570 0.570 0.240 7.047 26.089 0.250 7.060 0.270 0.415 5.039 3.259 3.310 1.150 0.200 0.450 0.883 0.917 0.660 0.205 2.450 0.250 0.460 1.310 1.404 1.747 8.847 0.900 2.796 1.530 2.470 3.427 0.220 2.658 0.480 1.662 2.191 14.600 1.850 0.510 0.320 7.337 0.815 1.500 0.550 3.006 1.321 2.989 2.220 1.430 0.700 2.600 0.815 3.000 0.545 4.541 1.438 0.095 3.236 0.890 1.710 FINANCE 14.355 2.912 4.717 13.200 13.400 6.195 1.970 4.148 8.950 5.868 0.500 1.321 13.760 10.100 16.155 2.640 0.961 0.920 0.195 2.690 0.764 15.804 1.090 3.127 8.886 2.090 4.180 1.950 1.455 19.380 0.960 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 3.750 6.250 1.010 1.440 2.890 0.780 12.000 0.320 0.235 0.865 0.240 0.310 3.070 0.470 0.660 1.320 2.010 0.750 0.990 0.355 1.610 2.300 1.970 2.630 4.680 0.365 0.385 15.360 15.800 0.155 0.350 1.270 1.300 0.350 3.140 2.360 0.690 2.470 2.080 4.930 0.620 0.150 1.740 5.380 1.050 0.765 1.210 0.745 0.320 1.700 2.330 0.520 0.425 2.250 1.240 0.935 0.945 0.250 0.580 0.010 -0.050 — -0.010 -0.010 — -0.220 UNCH UNCH 0.005 0.010 UNCH 0.010 UNCH — 0.010 -0.020 — -0.010 UNCH — — 0.010 0.040 0.140 0.010 -0.005 -0.180 — 0.020 — 0.010 -0.030 — 0.020 UNCH — 0.040 0.100 -0.030 — UNCH 0.010 UNCH 0.020 0.025 UNCH UNCH — UNCH -0.060 — — — 0.060 0.010 0.015 -0.010 0.005 6.6 26.8 — 1609.9 69.2 — 741.6 20 29 191.8 4 44 97.6 100 — 182.5 2516.5 — 99.3 25 — — 37.1 1093.7 686.7 514.2 54 36.7 — 793.8 — 15.2 35 — 65.7 126.2 — 280.8 2.3 7598.1 — 104 184.1 0.4 90.5 56.6 2004.3 599.1 — 44.1 419.1 — — — 1267.5 131.9 100.6 578.5 161.5 3.751 19.05 6.245 8.73 — 9.50 1.437 11.47 2.893 16.27 — 236.36 11.857 12.48 0.320 — 0.235 15.88 0.856 56.54 0.240 — 0.310 — 3.045 2.62 0.470 13.74 — — 1.317 19.24 2.006 18.24 — 83.33 0.981 — 0.355 — — — — 9.86 1.964 9.66 2.607 14.09 4.684 9.21 0.361 2.39 0.389 — 15.413 20.45 — — 0.152 — — 19.44 1.241 6.62 1.322 0.56 — — 3.112 8.64 2.354 6.70 — 56.10 2.438 11.68 2.063 — 4.953 15.04 — 140.91 0.150 19.74 1.739 13.37 5.380 28.94 1.049 8.70 0.767 — 1.193 19.52 0.745 61.07 — — 1.701 8.20 2.354 19.48 — — — 29.72 — 13.88 1.203 9.94 0.934 12.60 0.934 15.88 0.247 — 0.580 — 1.33 1.91 5.94 4.17 3.81 — 1.83 — — 3.47 — 6.45 — 2.55 — 1.48 1.49 3.33 — — — 3.48 2.54 1.52 4.27 — — 7.16 6.96 — — — — — 2.87 7.63 — 4.05 4.81 2.03 1.61 — 6.32 2.23 2.86 — 4.88 4.03 — 1.76 3.95 — — 4.44 1.48 1.79 2.12 — — 513.5 539.5 73.5 456.6 381.5 57.4 2,760.0 28.0 80.4 164.0 120.0 24.8 921.0 88.1 26.4 1,488.2 497.1 33.6 415.2 31.9 336.5 276.0 157.6 1,788.8 1,735.0 162.5 69.3 1,898.8 5.3 24.0 22.5 50.9 52.5 53.5 330.6 227.7 61.4 270.4 265.1 6,185.6 66.3 34.3 689.7 781.2 84.0 89.8 1,414.3 577.3 27.0 226.7 772.8 47.7 17.0 540.0 596.9 312.2 151.2 87.1 58.8 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 0.110 0.720 0.645 0.495 0.415 0.885 0.895 1.650 1.300 1.530 0.595 2.090 4.750 0.900 0.855 1.340 1.290 1.800 3.480 0.735 0.555 1.030 0.210 1.910 0.895 1.790 1.540 0.780 0.345 1.220 0.240 1.190 2.280 0.365 1.160 1.730 0.120 3.510 0.670 1.600 0.360 0.455 1.380 0.520 1.670 0.745 0.210 — 0.005 0.005 -0.005 UNCH 0.005 UNCH -0.005 UNCH 0.010 0.120 UNCH 0.010 0.100 0.060 0.015 — — UNCH 0.050 0.010 — UNCH UNCH 0.020 — 0.060 — -0.040 — 0.010 -0.010 0.010 -0.070 UNCH -0.010 0.070 0.005 0.010 0.005 UNCH UNCH 0.010 -0.040 UNCH 0.010 0.010 UNCH — 1127.6 2291.1 1.1 146.9 1490.3 41 61.7 1 1513 4025.5 418.9 2122.6 2718.1 2755 376.2 — — 871 9004.7 1806.8 — 753.3 154.4 261.2 — 791.5 — 3.4 — 660.6 85 217.7 353.7 605 11.2 826.3 245.7 6.7 68.3 2523.1 101.5 183 53.7 33.2 786.5 1.2 198.4 — 17.34 0.106 — 0.719 15.19 0.668 7.51 0.494 330.00 0.410 24.27 0.884 17.12 0.899 13.77 1.650 6.14 1.300 11.78 1.486 56.88 0.593 31.32 2.090 5.13 4.783 17.91 0.877 — 0.858 4.18 — — — — 1.805 12.98 3.491 14.30 0.739 12.65 — — 1.026 10.86 0.205 21.21 1.911 10.77 — 895.00 1.771 7.46 — — 0.784 16.63 — 8.06 1.209 8.65 0.240 — 1.182 — 2.290 12.34 0.365 18.43 1.169 24.63 1.727 8.75 0.115 20.00 3.503 16.40 0.669 9.37 1.619 16.28 0.360 7.03 0.450 7.12 1.390 12.05 0.524 18.98 1.654 9.30 0.741 — 0.210 5.82 — — 2.78 6.20 0.61 4.82 3.39 4.47 1.82 1.92 1.31 2.10 2.39 2.53 — — 1.87 1.16 1.33 2.44 1.36 — — — 1.57 — 3.24 — 2.24 — 4.10 — — 2.19 2.74 4.31 5.20 — 5.13 0.75 2.50 — 1.43 — 1.71 1.80 — — 13.8 32.1 348.1 196.0 401.8 97.0 305.7 158.3 153.0 695.5 1,308.8 215.8 540.5 11,461.9 351.8 297.8 10.6 23.9 1,048.8 12,487.4 382.2 94.8 451.5 39.5 507.7 897.4 538.0 210.2 93.6 23.1 784.5 55.6 657.4 1,080.7 238.7 105.9 586.3 38.0 574.0 518.6 2,068.6 115.3 218.6 91.6 90.7 2,099.8 88.7 177.4 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 0.345 0.290 2.810 0.200 1.950 6.670 0.355 0.090 9.560 2.190 0.055 0.770 0.135 2.730 5.270 0.605 5.570 0.320 0.700 0.430 0.240 6.900 1.140 2.260 0.375 1.880 0.695 0.400 3.040 0.145 0.925 3.780 0.455 1.650 3.400 0.870 0.500 0.440 0.085 0.785 0.045 2.000 0.080 1.240 1.170 0.615 1.590 3.890 1.270 0.290 1.120 0.275 0.230 3.720 0.285 0.015 UNCH 0.010 0.005 0.040 UNCH -0.010 0.005 0.040 0.030 UNCH UNCH UNCH 0.060 0.010 -0.010 -0.030 — UNCH UNCH -0.005 — -0.010 0.090 0.010 0.010 — — -0.040 -0.005 UNCH UNCH -0.005 -0.140 UNCH 0.005 — UNCH 0.010 — UNCH UNCH UNCH -0.040 0.010 0.015 0.020 0.110 -0.020 -0.005 -0.010 — UNCH 0.050 UNCH 43188.5 273.3 1734.2 748.1 37203.4 580.8 1747.1 383.4 3 14.8 2336.4 10729.9 1841.3 1952.7 73.9 10284.5 12055.6 — 694.5 236 256.8 — 546.5 3174.9 15547.5 13 — — 1189 3776.5 28.7 44.5 63 15.5 29.4 621.1 — 20.1 0.1 — 50 807.7 440 3011.8 193.7 882 3295.7 18 3825.1 67 478.4 — 503 228.2 39.3 0.341 — 0.281 — 2.800 29.55 0.196 21.51 1.950 10.06 6.680 — 0.360 6.34 0.085 — 9.501 24.58 2.160 10.40 0.055 — 0.767 — 0.135 — 2.724 23.23 5.269 29.13 0.612 17.85 5.579 18.87 — 8.44 0.702 29.17 0.430 — 0.240 — — 24.88 1.143 — 2.239 12.97 0.372 — 1.879 37.08 — — — — 3.039 14.66 0.145 19.08 0.918 — 3.782 295.31 0.460 — 1.650 27.27 3.390 6.23 0.867 10.07 — 34.48 0.420 — 0.085 — — 25.32 0.045 75.00 1.981 9.54 0.077 — 1.245 6.34 1.146 10.55 0.603 23.65 1.578 28.34 3.801 16.65 1.276 33.60 0.288 7.92 1.109 14.40 — — 0.228 — 3.650 15.84 0.285 4.07 — 34.48 1.42 — 2.05 1.27 — — 4.18 1.37 — 1.06 1.85 4.40 5.22 — 3.95 3.91 2.86 — — 3.19 — 4.27 2.67 1.73 — — 5.41 — — 5.29 — 1.21 1.47 4.60 1.50 1.30 3.53 3.82 — 2.50 — 5.65 4.70 — 1.38 2.44 1.57 — 2.01 — — 4.03 — 1,431.1 118.9 3,945.2 32.0 5,426.8 11,066.8 328.2 21.6 1,571.5 131.5 23.9 4,517.0 89.6 14,209.7 1,336.7 157.0 49,143.5 121.7 577.3 180.2 51.5 3,174.0 353.5 2,591.5 1,752.4 711.2 3,475.2 94.0 4,107.1 431.1 218.6 3,909.2 106.4 359.2 342.5 332.4 63.8 74.2 61.2 96.1 96.0 497.3 138.9 1,087.6 468.0 571.4 8,338.3 613.3 1,714.5 71.2 564.5 16.5 71.6 3,093.6 202.1 # PE is calculated based on latest 12 months reported Earnings Per Share YEAR LOW DAY HIGH DAY LOW 0.810 0.820 0.810 1.047 1.330 1.320 0.710 1.390 1.380 0.966 1.150 1.140 0.481 0.645 0.620 0.425 0.450 0.445 1.217 1.270 1.270 0.145 0.165 0.160 0.110 — — 1.892 2.370 2.300 0.815 1.500 1.460 3.722 4.540 4.340 6.510 8.630 8.440 1.034 1.710 1.650 0.380 0.435 0.410 1.773 2.540 2.530 0.060 — — 0.265 — — 3.958 7.680 7.620 1.140 1.170 1.140 2.800 3.100 3.000 0.005 0.010 0.010 0.250 0.375 0.370 5.320 6.560 6.380 0.683 — — 0.920 1.020 0.980 0.205 0.260 0.245 1.450 1.700 1.670 0.315 — — 0.290 — — 1.638 1.850 1.840 0.230 — — 1.250 — — 3.904 4.240 4.160 0.955 1.050 1.050 0.350 0.595 0.585 0.175 0.185 0.180 0.235 0.285 0.275 0.165 — — 0.500 0.695 0.695 0.969 1.710 1.670 2.390 2.420 2.390 1.165 1.670 1.620 0.135 0.155 0.150 5.470 5.680 5.470 0.510 0.850 0.735 1.914 2.220 2.160 0.997 1.430 1.390 0.484 0.720 0.705 0.650 — — 1.654 1.710 1.690 0.875 1.090 1.060 7.227 8.460 8.290 1.490 2.110 2.050 0.330 0.360 0.350 0.060 0.070 0.065 0.155 0.180 0.170 0.245 0.295 0.280 1.241 1.990 1.920 0.560 0.850 0.770 0.065 0.070 0.065 0.660 — — 0.583 0.795 0.775 1.207 1.440 1.400 0.085 0.100 0.095 1.646 2.260 2.220 0.378 — — 0.445 0.570 0.565 0.865 0.895 0.865 0.896 1.120 1.110 0.055 0.065 0.065 0.816 1.290 1.260 1.350 — — 0.230 0.260 0.250 0.135 — — 4.718 6.480 6.350 18.351 23.880 23.560 0.030 — — 5.176 5.600 5.560 0.155 0.160 0.160 0.205 — — 2.040 2.850 2.750 1.559 2.560 2.480 2.410 2.580 2.520 1.000 1.080 1.060 0.100 0.160 0.150 0.340 0.380 0.365 0.545 0.645 0.625 0.591 — — 0.430 — — 0.090 — — 1.543 2.340 2.330 0.135 0.175 0.165 0.195 0.230 0.215 0.968 1.060 1.060 1.200 1.240 1.210 1.293 1.390 1.370 6.485 7.800 7.450 0.720 — — 1.360 1.670 1.580 1.310 1.340 1.320 2.206 2.420 2.380 2.448 — — 0.100 0.120 0.110 1.877 2.250 2.200 0.330 0.365 0.360 1.192 1.320 1.260 1.471 1.570 1.560 10.103 14.100 13.960 1.229 1.650 1.640 0.300 0.330 0.320 0.130 0.135 0.130 5.792 6.690 6.610 0.460 0.790 0.750 0.882 1.270 1.250 0.330 — — 2.760 — — 0.900 1.000 1.000 2.218 — — 0.860 0.920 0.905 1.130 1.290 1.230 0.500 — — 1.560 1.980 1.950 0.360 0.750 0.750 2.130 — — 0.420 — — 3.566 4.250 4.150 0.744 1.050 1.010 0.025 0.040 0.035 2.310 2.760 2.700 0.435 0.885 0.870 1.349 1.600 1.520 10.780 2.073 3.070 9.770 9.650 4.126 1.370 3.170 7.329 3.841 0.310 1.192 11.509 7.327 12.153 1.778 0.572 0.846 0.105 1.710 0.460 13.847 0.624 2.650 7.901 1.260 2.820 1.290 1.209 16.745 0.727 13.200 2.340 4.080 — — 4.600 1.680 3.990 8.570 4.690 0.355 1.250 13.480 — 15.280 2.200 0.685 — 0.120 2.680 0.520 15.380 1.070 — 8.610 1.290 3.010 1.460 1.310 18.960 0.755 13.060 2.300 3.950 — — 4.420 1.660 3.860 8.460 4.470 0.355 1.230 13.100 — 14.840 2.190 0.675 — 0.120 2.680 0.500 15.240 1.030 — 8.510 1.260 3.000 1.440 1.310 18.560 0.750 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) 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 0.820 1.330 1.380 1.140 0.645 0.450 1.270 0.160 0.230 2.340 1.480 4.540 8.570 1.690 0.435 2.540 0.065 0.280 7.680 1.170 3.000 0.010 0.375 6.560 0.795 1.000 0.260 1.700 0.370 0.320 1.840 0.240 1.400 4.240 1.050 0.595 0.180 0.285 0.300 0.695 1.710 2.400 1.670 0.155 5.550 0.845 2.220 1.400 0.715 0.750 1.700 1.070 8.360 2.100 0.360 0.070 0.175 0.290 1.930 0.800 0.070 0.880 0.795 1.440 0.100 2.250 0.415 0.565 0.895 1.120 0.065 1.290 1.540 0.260 0.140 6.350 23.740 0.055 5.600 0.160 0.235 2.790 2.500 2.580 1.070 0.155 0.365 0.635 0.780 0.450 0.110 2.340 0.175 0.230 1.060 1.240 1.380 7.710 0.740 1.590 1.340 2.410 2.500 0.115 2.250 0.365 1.320 1.570 14.080 1.650 0.330 0.135 6.650 0.785 1.250 0.455 2.760 1.000 2.800 0.915 1.290 0.520 1.960 0.750 2.300 0.440 4.240 1.050 0.035 2.700 0.875 1.570 UNCH -0.030 -0.010 -0.030 0.015 UNCH UNCH UNCH — -0.010 0.020 0.100 -0.020 UNCH 0.005 0.010 — — 0.020 UNCH UNCH UNCH 0.005 0.160 — UNCH 0.010 0.030 — — -0.040 — — 0.020 0.010 0.010 UNCH 0.005 — 0.025 0.040 -0.030 0.030 UNCH 0.010 0.065 UNCH -0.030 -0.005 — 0.010 -0.020 0.010 0.040 UNCH UNCH UNCH -0.005 -0.020 UNCH 0.005 — 0.025 -0.010 UNCH 0.020 — UNCH 0.015 0.010 -0.005 UNCH — 0.005 — UNCH -0.100 — 0.040 -0.010 — -0.010 0.040 0.030 0.010 UNCH -0.010 -0.005 — — — -0.010 0.005 UNCH -0.080 0.030 UNCH 0.100 — -0.050 0.010 0.010 — UNCH -0.010 0.005 0.020 UNCH UNCH UNCH 0.020 UNCH -0.040 0.005 -0.010 — — UNCH — -0.010 0.100 — 0.010 UNCH — — 0.010 0.030 UNCH -0.050 0.005 0.010 21 20 69.3 516.1 810.8 240.3 2 3013.2 — 431.1 98.8 3108.3 6321 476.3 89.7 67.3 — — 1699.4 34.2 11.5 535 1303.1 10165.2 — 14.6 331 16.1 — — 14 — — 680 20.1 340.7 130.1 76.3 — 44 77.6 989 3654.9 1343.3 3138.8 9069.9 51.9 356.3 26.9 — 345.7 842.3 4893.7 580.1 222.7 477.8 5669.9 5371.4 6298.8 58 1284 — 469.1 148.6 726.3 113 — 91.5 1198.5 35 309.8 35.2 — 2399.8 — 58.8 318.6 — 155.6 619 — 416.6 608.3 1.5 384 16035.9 72 636.8 — — — 5.3 1590.6 679 0.6 325.8 456.5 1735.8 — 51628.1 34.4 23.3 — 9146 65.1 197.6 377.6 17 16027.7 8 755.2 949.7 2909 420.9 135.2 — — 22 — 1887.1 237.3 — 74 2.6 — — 3538.6 176.9 685 421.2 1326.8 14176.5 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 13.080 2.320 4.080 10.200 10.380 4.550 1.660 3.860 8.500 4.680 0.355 1.250 13.400 10.100 15.080 2.200 0.680 0.905 0.120 2.680 0.520 15.300 1.060 2.780 8.540 1.280 3.000 1.460 1.310 18.920 0.750 -0.080 70.8 0.020 194.6 0.100 717.7 — — — — 0.070 1440.9 -0.020 66.4 -0.060 692.3 -0.060 159 0.140 7905.4 0.005 51.7 0.010 77.3 0.200 578.5 — — -0.020 473.5 0.020 200 UNCH 103.6 — — UNCH 560 UNCH 26.1 0.010 36.9 -0.060 400.2 UNCH 1126.7 — — 0.060 13668.9 -0.010 972.2 -0.020 15 0.010 550.7 UNCH 5.2 0.360 3350.1 -0.005 60.7 VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) 0.815 9.14 1.325 8.18 1.384 25.37 1.140 8.38 0.633 5.16 0.449 21.43 1.270 10.70 0.160 40.00 — — 2.347 28.33 1.482 59.68 4.455 20.44 8.541 22.96 1.688 10.12 0.431 — 2.530 14.46 — — — 7.43 7.665 18.17 1.154 8.93 3.048 13.12 0.010 — 0.371 — 6.465 57.64 — — 1.000 41.32 0.248 — 1.691 9.30 — — — — 1.840 11.16 — — — 80.46 4.221 32.47 1.050 13.24 0.588 2.77 0.180 58.06 0.280 19.79 — 30.61 0.695 — 1.687 11.32 2.401 15.01 1.642 3.41 0.155 8.29 5.569 22.53 0.814 — 2.180 10.33 1.410 11.20 0.712 10.62 — 153.06 1.701 5.81 1.082 38.77 8.353 15.13 2.091 26.18 0.358 6.28 0.065 11.67 0.175 — 0.284 3.65 1.949 45.84 0.796 — 0.065 38.89 — 15.52 0.789 19.88 1.423 14.62 0.096 11.49 2.240 26.60 — 13.39 0.565 9.01 0.883 — 1.119 9.76 0.065 — 1.272 8.10 — — 0.255 — — — 6.360 15.61 23.724 29.87 — 0.48 5.565 17.26 0.160 — — — 2.783 21.83 2.527 70.22 2.533 3.08 1.070 25.54 0.155 9.28 0.365 — 0.633 19.24 — 26.26 — 8.75 — — 2.333 20.87 0.169 6.48 0.220 10.80 1.060 4.63 1.223 33.24 1.388 30.26 7.634 24.22 — 22.16 1.615 — 1.325 28.76 2.409 13.40 — 18.78 0.115 10.36 2.210 5.04 0.362 98.65 1.290 17.46 1.569 11.33 14.058 16.19 1.650 20.37 0.326 — 0.131 — 6.647 35.52 0.783 76.96 1.262 6.66 — 75.83 — 18.54 1.000 12.77 — 6.75 0.911 — 1.280 14.63 — — 1.958 91.16 0.750 — — 130.68 — 20.66 4.209 26.01 1.023 11.60 0.037 — 2.722 12.75 0.875 110.76 1.561 17.80 4.27 3.01 — 0.66 3.88 1.33 3.94 — — 3.53 0.68 1.56 0.41 2.07 1.38 5.91 — — 2.60 2.14 5.00 — — 0.46 3.14 3.00 — 2.06 — — 4.62 2.08 1.43 1.65 3.81 — — 1.75 — — 3.80 6.67 4.19 4.52 3.60 1.18 3.15 7.14 5.89 — 4.49 — 3.59 1.81 1.67 — — — 0.62 — — 1.14 0.75 4.17 — — 5.42 3.72 — 3.35 — 1.55 1.30 — — 1.10 2.53 — 5.36 3.81 — 4.70 1.50 — — 3.23 — 3.15 4.49 — — 3.42 — — 4.25 10.48 1.67 3.24 1.35 1.27 1.94 7.47 2.40 — 3.11 — 6.06 2.87 2.06 9.09 — — 3.22 0.18 3.20 — 1.36 5.00 2.14 1.09 2.71 — 1.93 — 3.04 — 2.62 1.43 — 0.56 — 6.05 190.6 172.9 126.8 346.6 341.8 216.1 221.5 168.5 29.4 3,004.6 2,047.2 26,958.7 32,079.2 507.7 102.7 513.6 5.2 44.8 17,945.6 468.5 205.5 106.0 441.4 53,950.9 141.5 72.5 39.4 238.0 73.3 40.3 509.7 52.8 139.5 4,482.5 524.0 88.0 72.5 158.6 54.5 160.9 464.5 3,450.6 8,350.0 163.4 41,681.9 845.0 867.4 1,552.9 1,206.4 31.5 683.2 1,712.0 37,317.3 6,394.6 58.6 53.1 513.2 683.2 4,640.1 48.1 60.4 90.5 629.8 667.1 102.3 526.5 116.2 348.3 979.0 371.0 56.5 415.1 1,198.8 317.9 27.4 1,184.9 23,584.6 2.8 1,449.7 105.3 11.8 1,498.3 1,210.0 258.0 950.5 204.3 313.4 430.3 106.1 83.6 20.8 831.8 335.6 538.6 55.4 927.6 1,702.1 48,781.7 30.0 9,527.5 221.9 1,779.9 152.5 444.6 648.4 438.0 1,596.5 314.0 79,462.0 204.8 125.9 151.3 24,990.3 1,360.3 525.9 18.7 189.1 108.0 113.9 1,978.2 165.8 57.6 570.2 99.0 154.6 19.7 14,458.4 189.0 21.3 2,950.6 140.3 16,946.6 4.55 3.44 3.53 0.64 0.75 4.46 3.01 3.16 4.06 2.99 — 5.49 2.99 0.84 2.49 4.55 1.47 4.42 — 3.73 1.92 4.58 5.66 3.24 6.32 7.81 — — 7.40 2.96 8.00 1,883.5 4,507.6 6,316.3 1,727.0 955.4 13,714.5 354.5 6,132.3 4,549.9 40,851.1 101.7 233.4 29,047.4 2,493.7 17,304.6 561.3 471.5 120.0 74.8 321.6 380.5 5,079.4 310.3 562.6 83,465.2 3,634.7 639.2 1,043.9 322.2 73,450.1 255.7 13.080 2.311 4.036 — — 4.534 1.666 3.966 8.499 4.623 0.355 1.239 13.358 — 15.183 2.199 0.679 — 0.120 2.680 0.509 15.300 1.050 — 8.551 1.278 3.003 1.449 1.310 18.864 0.751 8.78 12.21 12.83 5.55 — 8.86 18.28 10.86 22.56 13.89 8.24 8.95 12.30 30.40 9.98 15.15 5.44 — — 54.81 33.33 15.43 12.79 15.82 11.85 13.21 9.17 16.48 13.10 14.27 5.48 7 0 4 1 PROP 0 1 0 0 0 0 0 1 2 2 2 1 1 0 1 1 2 1 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 2 0 1 2 0 1 1 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 2 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 26 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 Markets 2 7 T HURSDAY MAY 5 , 20 16 • T HEED G E FINA NCIA L DA ILY BURSA MAL AYSIA MAIN MARKET . ACE MARKET AP IL) 0.6 2.9 6.8 6.6 1.8 6.1 1.5 8.5 9.4 4.6 7.2 8.7 9.2 7.7 2.7 3.6 5.2 4.8 5.6 8.5 5.5 6.0 1.4 0.9 1.5 2.5 9.4 8.0 3.3 0.3 9.7 2.8 9.5 2.5 4.0 8.0 2.5 8.6 4.5 0.9 4.5 0.6 0.0 3.4 1.9 5.0 7.4 2.9 6.4 1.5 3.2 2.0 7.3 4.6 8.6 3.1 3.2 3.2 0.1 8.1 0.4 0.5 9.8 7.1 2.3 6.5 6.2 8.3 9.0 1.0 6.5 5.1 8.8 7.9 7.4 4.9 4.6 2.8 9.7 5.3 1.8 8.3 0.0 8.0 0.5 4.3 3.4 0.3 6.1 3.6 0.8 1.8 5.6 8.6 5.4 7.6 2.1 1.7 0.0 7.5 1.9 9.9 2.5 4.6 8.4 8.0 6.5 4.0 2.0 4.8 5.9 1.3 0.3 0.3 5.9 8.7 9.1 8.0 3.9 8.2 5.8 7.6 0.2 9.0 4.6 9.7 8.4 9.0 1.3 0.6 0.3 6.6 3.5 7.6 6.3 7.0 5.4 4.5 4.5 2.3 9.9 1.1 1.7 3.4 7.4 3.7 4.6 1.3 1.5 0.0 4.8 1.6 0.5 9.4 0.3 2.6 5.2 4.7 9.2 3.9 2.2 0.1 5.7 YEAR HIGH YEAR LOW DAY HIGH DAY LOW 7.466 4.911 0.700 0.505 4.440 3.654 1.860 1.100 PROPERTIES 0.992 0.693 1.070 0.760 0.495 0.354 0.295 0.155 0.680 0.460 0.710 0.475 0.909 0.721 1.420 0.900 2.342 1.590 2.591 1.434 2.595 1.939 1.080 0.430 1.920 1.380 0.350 0.210 1.830 1.170 1.310 0.665 2.950 1.750 1.000 0.655 0.626 0.445 0.931 0.710 0.498 0.332 0.665 0.425 1.459 1.005 0.750 0.430 1.976 1.547 0.668 0.455 1.313 0.950 2.824 2.213 2.450 1.735 0.480 0.315 1.320 0.745 0.325 0.185 0.075 0.040 1.217 0.850 1.909 1.200 0.510 0.324 1.548 1.209 1.630 1.179 0.355 0.230 1.129 0.805 1.692 1.240 0.891 0.607 2.649 1.999 1.380 1.032 0.635 0.495 0.980 0.555 0.440 0.275 2.810 1.842 0.457 0.286 0.255 0.145 1.482 0.775 1.500 0.850 0.390 0.265 2.880 1.950 2.980 1.385 1.993 1.473 2.051 1.374 0.510 0.280 1.477 1.253 2.264 1.679 0.285 0.195 1.730 0.715 1.103 0.625 1.080 0.855 0.665 0.450 3.308 2.740 0.200 0.130 1.097 0.735 5.482 4.111 3.455 2.800 1.150 0.810 3.300 2.836 0.845 0.690 0.325 0.225 8.648 6.000 0.085 0.045 1.762 1.133 0.195 0.095 0.760 0.250 0.095 0.045 1.944 1.350 1.149 0.774 1.370 0.755 2.280 1.680 1.601 1.113 1.764 0.756 2.060 1.474 0.800 0.595 MINING 1.400 1.140 PLANTATIONS 2.020 1.000 18.360 16.560 9.500 7.612 1.568 1.053 0.830 0.685 9.141 7.500 0.580 0.380 8.194 6.910 2.075 1.166 11.560 8.494 1.780 1.055 1.450 0.905 1.120 0.790 2.518 1.881 3.800 2.990 0.750 0.605 0.785 0.545 5.040 3.622 24.780 19.357 3.569 2.891 3.600 2.146 0.645 0.345 4.040 2.410 1.880 1.410 1.860 1.500 0.995 0.800 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 2.189 1.654 0.810 0.510 1.610 1.090 1.730 1.150 2.350 1.730 6.312 5.280 26.957 23.977 HOTELS 0.753 0.497 1.420 0.840 0.345 0.205 6.966 5.300 TECHNOLOGY 0.900 0.620 0.400 0.195 0.220 0.100 0.430 0.240 0.255 0.130 0.235 0.150 0.300 0.180 1.780 1.160 1.280 0.517 2.056 1.149 1.280 0.710 0.305 0.185 0.319 0.240 6.795 3.120 0.743 0.550 3.924 2.181 0.200 0.100 0.872 0.555 5.950 2.835 0.250 0.060 10.700 5.564 5.990 0.550 3.960 1.380 5.860 0.540 3.900 1.320 1066 4898 6139 5230 0.890 0.950 0.435 0.190 0.500 — 0.795 1.020 1.630 — 2.280 0.780 1.590 0.265 1.290 0.720 — — 0.525 0.810 0.410 0.490 1.230 — 1.830 0.510 — 2.500 2.390 0.370 0.980 0.215 0.050 — 1.230 0.345 1.380 1.600 0.255 1.010 1.510 0.690 2.500 1.220 0.520 0.935 0.295 2.550 0.340 0.185 1.220 — — 2.220 — 1.630 1.570 0.365 — — 0.260 1.150 0.700 0.990 0.475 2.970 0.145 — 4.990 3.270 — 3.160 0.715 0.245 6.400 0.055 1.400 0.100 — 0.050 1.450 1.000 1.040 2.240 — — 1.950 0.620 0.880 0.920 0.430 0.185 0.490 — 0.785 0.980 1.630 — 2.280 0.725 1.530 0.250 1.280 0.665 — — 0.520 0.800 0.400 0.475 1.150 — 1.820 0.505 — 2.450 2.360 0.360 0.910 0.205 0.045 — 1.210 0.340 1.380 1.580 0.245 0.985 1.450 0.680 2.450 1.200 0.510 0.910 0.290 2.470 0.330 0.185 1.190 — — 2.180 — 1.610 1.560 0.360 — — 0.250 1.100 0.695 0.980 0.465 2.960 0.140 — 4.990 3.130 — 3.110 0.705 0.235 6.400 0.050 1.380 0.100 — 0.045 1.430 0.990 1.010 2.190 — — 1.940 0.615 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 1.230 1.210 2186 KUCHAI 1.800 17.900 — 1.490 0.725 — 0.460 — 1.460 10.660 1.400 1.410 0.880 2.380 3.500 0.710 0.645 4.410 23.340 3.270 3.390 0.555 4.040 — — 0.940 — 4.060 — — 0.555 — 3.050 — 4.400 2.020 0.715 1.200 1.660 2.000 — 26.500 1.770 17.660 — 1.480 0.720 — 0.455 — 1.440 10.500 1.380 1.400 0.880 2.370 3.490 0.710 0.630 4.350 23.040 3.200 3.310 0.545 4.000 — — 0.905 — 4.050 — — 0.530 — 3.050 — 4.370 2.020 0.685 1.190 1.650 1.980 — 26.400 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 — 0.940 0.335 5.620 — 0.910 0.330 5.490 5592 1643 1287 5517 GCE LANDMRK PMHLDG SHANG — 0.255 0.100 0.295 0.155 0.155 0.230 1.650 1.280 1.570 0.875 0.260 0.255 3.550 0.570 2.770 — 0.690 4.130 0.170 7.350 — 0.250 0.100 0.295 0.145 0.150 0.225 1.630 1.200 1.560 0.860 0.250 0.250 3.120 0.570 2.650 — 0.650 4.090 0.160 7.130 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 * Volume Weighted Average Price CODE COUNTER CLOSING (RM) +/– (RM) VOL (‘000) VWAP* (RM) PE# (X) DY (%) MKT CAP (MIL) RHBCAP TA TAKAFUL TUNEPRO 5.950 0.550 3.950 1.380 -0.050 0.005 -0.020 0.070 646.5 150.8 733 1437.9 5.930 0.546 3.934 1.354 10.24 — 20.59 15.05 2.02 1.00 3.63 3.62 18,294.3 941.6 3,239.7 1,037.4 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 0.880 0.950 0.430 0.185 0.490 0.505 0.795 0.985 1.630 1.500 2.280 0.770 1.590 0.265 1.280 0.720 2.110 0.780 0.525 0.810 0.400 0.485 1.230 0.510 1.830 0.510 1.030 2.450 2.380 0.365 0.980 0.210 0.050 0.990 1.230 0.345 1.380 1.590 0.255 1.010 1.500 0.690 2.490 1.220 0.520 0.930 0.295 2.500 0.340 0.185 1.220 0.850 0.315 2.220 2.600 1.630 1.570 0.365 1.400 1.740 0.260 1.130 0.700 0.985 0.465 2.960 0.145 0.785 4.990 3.130 0.840 3.130 0.705 0.240 6.400 0.050 1.400 0.100 0.260 0.050 1.450 1.000 1.020 2.200 1.180 1.020 1.940 0.620 -0.010 429.4 0.030 910 -0.005 36.5 UNCH 259 -0.010 17 — — UNCH 139 -0.035 25.8 -0.050 1 — — -0.020 1 0.040 280.9 0.040 1670.3 0.010 2157.9 UNCH 1305.7 UNCH 2 — — — — 0.005 36 UNCH 32.6 -0.005 19 0.005 988.2 UNCH 15.1 — — 0.010 44.3 0.005 175.3 — — -0.020 342.5 -0.020 1640.1 0.005 579.2 0.060 10493.6 UNCH 872.8 UNCH 438 — — 0.020 356.9 UNCH 753.2 UNCH 5 UNCH 868.2 0.005 70.6 UNCH 71 0.030 964.1 UNCH 203.3 UNCH 131.6 0.020 32 UNCH 38 0.010 1472 0.010 150 0.010 1734.6 0.005 640 UNCH 10 0.030 1457.4 — — — — 0.010 126.5 — — -0.010 200.3 UNCH 100.1 -0.010 389.9 — — — — 0.005 639.7 0.020 35.3 0.005 94.5 0.015 27.5 -0.015 140.2 UNCH 38.2 0.005 27 — — -0.010 90.3 -0.060 483.7 — — UNCH 563.4 -0.005 35 UNCH 393.5 UNCH 2 UNCH 1400.5 0.010 263.4 UNCH 100 — — UNCH 6827 UNCH 6.3 UNCH 440.3 -0.010 4185.5 -0.020 1406.5 — — — — -0.040 1793 UNCH 67 0.881 6.21 0.940 15.42 0.434 — 0.185 0.48 0.496 5.82 — 8.21 0.790 22.91 0.991 — 1.630 20.79 — 7.09 2.280 16.03 0.762 — 1.555 13.05 0.260 10.00 1.284 44.14 0.698 54.55 — 28.25 — 13.07 0.522 5.80 0.810 6.62 0.404 9.39 0.481 4.03 1.171 4.15 — — 1.823 4.08 0.509 12.59 — 14.15 2.468 15.08 2.379 9.56 0.369 8.57 0.955 90.74 0.209 8.37 0.047 — — 7.62 1.215 4.42 0.345 7.88 1.380 6.45 1.589 11.24 0.250 — 0.993 1.68 1.497 9.40 0.682 9.30 2.483 6.40 1.201 21.22 0.515 — 0.920 7.55 0.294 6.06 2.503 8.86 0.336 10.12 0.185 — 1.209 6.59 — 5.38 — — 2.189 15.32 — 12.18 1.624 3.43 1.569 9.82 0.364 — — 11.23 — 3.99 0.254 — 1.101 53.30 0.698 11.08 0.987 5.77 0.470 — 2.967 6.85 0.140 — — 12.54 4.990 3.30 3.193 10.24 — 14.95 3.144 7.50 0.708 21.43 0.240 29.27 6.400 20.30 0.050 125.00 1.387 5.85 0.100 — — 89.66 0.050 — 1.449 6.58 0.996 6.69 1.024 17.99 2.207 7.82 — 9.05 — 7.03 1.950 43.30 0.620 17.82 3.41 1.58 4.65 1.62 — — 1.26 — 3.07 13.33 2.19 — 1.89 — — — — 1.92 3.81 5.25 5.00 — 1.63 — 7.10 2.96 3.40 4.08 2.52 — — 0.95 — 3.03 5.69 5.80 3.62 2.20 — 7.92 4.33 4.35 5.78 1.64 — — — 2.80 8.82 — 2.05 — — 1.58 2.88 3.07 5.25 — 5.36 2.59 — 2.21 2.29 3.05 — 8.45 — 2.55 2.40 3.10 — 3.51 7.09 1.38 5.00 — 6.93 — — — 3.10 7.00 1.57 5.91 2.54 8.58 — — 528.9 346.8 127.2 183.6 202.1 104.4 884.9 271.6 457.2 150.0 483.8 238.2 2,003.1 193.5 3,026.3 200.6 287.4 99.8 73.7 589.5 150.2 220.5 861.6 20.4 483.1 505.9 511.3 3,343.8 10,528.2 162.6 656.3 159.2 288.8 189.8 1,246.7 377.1 104.0 892.2 92.2 336.2 3,614.1 309.4 1,404.8 1,628.4 256.1 248.4 75.8 1,048.6 410.5 53.2 2,301.6 48.0 240.7 555.0 376.7 2,286.7 664.0 75.2 740.4 663.9 90.0 157.7 164.4 419.7 103.0 716.7 30.4 380.0 1,714.6 8,227.1 671.0 6,223.7 218.6 1,277.2 479.1 211.0 594.7 33.5 97.9 69.5 522.0 1,447.5 4,628.2 3,345.7 574.6 203.4 856.4 523.5 1.210 -0.010 42.8 1.800 17.900 8.690 1.480 0.720 8.000 0.460 7.860 1.440 10.600 1.380 1.410 0.880 2.370 3.500 0.710 0.645 4.390 23.180 3.270 3.390 0.555 4.000 1.470 1.650 0.910 2.330 4.050 0.300 1.020 0.550 3.820 3.050 0.565 4.390 2.020 0.710 1.200 1.660 1.980 5.900 26.500 UNCH 0.300 — -0.010 -0.005 — 0.005 — -0.020 0.100 -0.030 0.060 -0.020 -0.010 UNCH -0.035 -0.025 -0.010 -0.200 -0.030 0.060 0.010 0.030 — — -0.040 — -0.070 — — 0.015 — UNCH — UNCH UNCH 0.010 0.010 0.010 -0.020 — 0.500 74.9 12.6 — 62.3 126 — 39.1 — 2713.7 325.7 53.7 20.3 10 10 250 45.9 28.7 5961.7 1669.2 29.5 22.7 872 10011 — — 74.8 — 10 — — 108.8 — 4 — 86 5 991.1 13.3 415 137.3 — 28.4 0.565 0.915 0.335 5.500 — -0.025 0.005 0.040 — 150.6 398 446.3 — 0.921 0.334 5.501 0.705 0.255 0.100 0.295 0.155 0.155 0.225 1.650 1.250 1.560 0.875 0.250 0.255 3.510 0.570 2.770 0.160 0.685 4.130 0.170 7.210 — — UNCH 486 -0.005 118 -0.005 71 0.005 84.1 UNCH 193 UNCH 162.9 UNCH 237 -0.020 1399.2 -0.010 42.6 0.015 95.1 UNCH 1820 UNCH 129.5 0.270 16545.6 UNCH 20 0.030 4884.3 — — 0.035 2655 0.010 21.8 0.005 1025.2 0.010 62.2 — 0.252 0.100 0.295 0.149 0.155 0.226 1.638 1.249 1.567 0.872 0.256 0.250 3.362 0.570 2.735 — 0.676 4.114 0.165 7.250 # PE is calculated based on latest 12 months reported Earnings Per Share — 0.70 149.7 1.796 — 17.873 9.64 — — 1.483 30.08 0.721 22.64 — 28.28 0.459 6.51 — 15.59 1.446 161.80 10.599 43.25 1.395 — 1.405 34.31 0.880 — 2.373 19.65 3.500 60.66 0.710 — 0.630 13.03 4.393 — 23.205 17.01 3.242 — 3.333 14.30 0.552 — 4.015 39.22 — — — — 0.913 45.05 — — 4.055 47.20 — — — — 0.538 — — 39.54 3.050 — — — 4.391 22.82 2.020 26.51 0.700 14.17 1.199 17.12 1.653 — 1.991 — — 24.97 26.490 18.10 1.221 1.11 2.79 0.23 — 2.08 2.00 — 3.18 2.78 0.52 0.72 2.13 9.09 3.38 1.71 1.65 — 1.82 1.94 0.31 3.83 — 2.38 — — 1.65 0.43 1.48 — — — 1.57 0.66 — 1.14 3.71 2.11 1.67 — 1.01 2.71 1.51 216.0 7,803.5 812.5 2,368.0 229.3 730.9 389.2 1,111.3 5,253.3 8,361.3 307.6 252.9 163.2 1,896.0 3,082.0 298.7 308.4 28,367.4 24,744.8 206.6 1,057.0 1,040.6 5,619.6 458.2 123.8 178.9 279.6 284.3 44.9 333.2 780.2 247.7 202.3 65.0 1,938.6 565.6 1,052.0 1,060.6 660.9 2,663.9 1,234.4 5,515.6 — — 3350 18.66 3.54 — — 2.55 111.3 439.9 311.2 2,420.0 42.47 10.76 — 28.37 — — 15.63 9.19 34.25 10.80 54.69 — 10.08 13.85 62.64 15.12 — 6.96 6.51 — 8.94 — — — — — — — 3.64 2.40 5.13 — — 1.96 3.13 3.51 2.80 — 9.85 0.73 — 3.19 34.7 127.9 43.6 291.3 59.4 78.9 174.4 297.0 258.5 282.6 569.5 172.6 123.2 989.3 57.7 2,648.5 16.4 1,422.1 177.6 141.8 1,513.3 YEAR HIGH YEAR LOW DAY HIGH DAY LOW 1.400 0.890 — — 0.495 0.360 0.385 0.385 0.765 0.410 0.470 0.450 0.360 0.245 0.285 0.280 0.915 0.560 0.680 0.640 0.475 0.235 0.415 0.390 0.105 0.035 0.035 0.035 2.520 1.498 2.240 2.140 3.840 2.684 3.610 3.550 0.960 0.640 0.665 0.655 INFRASTRUCTURE PROJECT COMPANIES 5.846 4.310 4.430 4.360 5.330 3.662 5.220 5.100 1.950 1.010 1.180 1.140 0.575 0.335 0.385 0.375 7.924 5.245 7.320 7.240 1.600 1.400 1.490 1.470 CLOSED-END FUNDS 2.380 2.100 2.340 2.330 EXCHANGE TRADED FUNDS 1.088 1.035 — — 1.860 1.550 1.640 1.640 1.540 1.015 1.100 1.100 1.840 1.580 — — 1.010 0.900 — — 1.015 0.850 — — 1.175 0.990 1.060 1.060 1.075 0.940 — — REITS 1.040 0.875 1.020 1.020 1.570 1.243 1.520 1.520 1.112 0.881 0.970 0.970 0.858 0.672 0.735 0.725 0.905 0.746 0.905 0.900 1.116 0.974 1.070 1.070 1.735 1.490 1.640 1.640 1.500 1.206 1.450 1.440 1.520 1.348 1.520 1.510 1.570 1.199 1.540 1.500 7.500 6.800 7.240 7.060 1.170 0.954 1.150 1.150 1.820 1.346 1.780 1.710 1.650 1.401 1.610 1.590 1.230 1.045 1.220 1.220 1.640 1.397 1.630 1.630 1.080 0.946 1.060 1.060 SPAC 0.705 0.650 0.685 0.680 0.695 0.595 0.680 0.675 0.475 0.415 0.445 0.440 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 0.950 0.385 0.450 0.280 0.670 0.415 0.035 2.200 3.600 0.665 — UNCH -0.010 0.035 0.025 0.025 UNCH 0.050 0.050 0.005 — 55 73.3 32.8 797.2 74.9 679.6 1567.3 64 542 — 0.385 0.457 0.282 0.666 0.407 0.035 2.183 3.564 0.658 — — — 15.56 7.48 18.44 — 9.54 18.94 8.95 — — — — — — — 4.55 0.56 3.01 57.4 104.1 175.3 67.6 98.2 44.5 42.3 1,614.4 842.0 164.9 6947 6645 6807 5078 5031 6742 DIGI LITRAK PUNCAK SILKHLD TIMECOM YTLPOWR 4.390 5.100 1.160 0.380 7.240 1.480 -0.010 -0.100 UNCH -0.005 -0.210 0.010 6100.9 103.5 992.6 179.9 190.8 1806.5 4.394 5.201 1.153 0.381 7.258 1.478 20.79 17.38 — — 8.90 11.67 4.78 4.90 — — 0.93 6.76 34,132.3 2,666.1 521.2 266.6 4,167.3 11,990.4 5108 ICAP 2.330 -0.020 13 2.331 14.59 — 326.2 0800EA 0822EA 0823EA 0820EA 0826EA 0825EA 0821EA 0824EA ABFMY1 CIMBA40 CIMBC50 FBMKLCI-EA METFAPA METFSID MYETFDJ MYETFID 1.086 1.640 1.100 1.735 0.942 0.879 1.060 1.000 — 0.005 UNCH — — — -0.020 — — 5 19 — — — 0.4 — — 1.640 1.100 — — — 1.060 — — — — — — — — — 5.23 3.82 — 1.44 — 2.45 2.24 3.15 1,374.2 2.2 13.6 2.9 17.9 17.6 266.6 21.6 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 1.020 1.520 0.970 0.725 0.905 1.070 1.640 1.450 1.520 1.520 7.240 1.150 1.740 1.600 1.220 1.630 1.060 UNCH -0.030 -0.005 0.005 0.005 UNCH UNCH -0.010 0.020 UNCH -0.060 0.010 0.040 UNCH UNCH -0.010 0.010 10 18.8 2.9 115.6 51.2 31.6 16.4 52.1 73.5 2008.6 1219.6 70.5 2626.3 2061.5 9 27 179.5 1.020 8.29 1.520 15.82 0.970 38.04 0.728 7.28 0.900 8.69 1.070 8.71 1.640 18.34 1.450 12.13 1.519 139.45 1.522 20.51 7.191 11.55 1.150 10.94 1.743 18.53 1.601 8.39 1.220 13.26 1.630 6.25 1.060 83.46 6.86 5.07 1.24 7.03 6.93 7.34 5.12 5.93 6.91 5.31 4.79 3.62 4.73 5.69 5.68 6.76 7.22 102.0 1,106.9 562.6 497.6 518.8 130.3 1,803.7 2,941.1 609.0 5,286.1 13,070.6 760.6 5,254.5 4,708.3 342.2 689.3 1,403.9 CLIQ REACH SONA 0.685 0.680 0.445 0.005 UNCH 0.005 160 1257.5 5136.9 0.685 0.680 0.440 — — — — — — 432.2 868.9 627.8 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 0.360 0.320 0.095 0.220 0.429 0.240 0.255 0.075 0.050 0.055 INDUSTRIAL PRODUCTS 0.345 0.175 0.250 0.125 0.060 0.060 0.610 0.405 0.415 0.320 0.110 0.135 0.605 0.260 0.555 0.065 0.040 0.045 0.880 0.355 0.415 0.125 0.070 0.120 0.340 0.110 — 0.165 0.085 0.100 0.205 0.120 0.140 0.150 0.065 0.090 0.500 0.293 0.390 0.195 0.105 0.175 0.100 0.040 0.050 0.145 0.085 0.135 0.200 0.120 — 0.415 0.115 0.145 0.270 0.165 0.190 TECHNOLOGY 0.250 0.100 0.200 0.615 0.270 0.290 0.270 0.100 0.150 1.600 0.255 0.265 0.015 0.005 — 1.310 0.805 0.830 0.095 0.005 — 0.105 0.050 0.055 0.115 0.050 0.050 0.150 0.060 0.105 0.415 0.190 0.280 0.095 0.045 0.065 0.315 0.120 0.125 0.060 0.035 0.035 0.150 0.080 0.085 0.155 0.060 0.065 1.854 0.460 0.615 0.150 0.045 0.045 0.305 0.150 0.155 0.854 0.523 0.600 0.585 0.150 0.585 0.670 0.180 0.245 0.080 0.040 0.065 0.385 0.100 0.200 0.210 0.105 0.210 0.105 0.050 0.065 0.970 0.460 — 1.950 0.610 1.010 0.588 0.281 0.515 0.110 0.060 — 0.080 0.055 0.060 0.859 0.451 0.500 0.305 0.175 — 0.365 0.180 0.235 0.200 0.075 0.160 1.058 0.599 0.815 0.075 0.025 0.045 0.135 0.050 0.060 0.215 0.085 0.090 1.034 0.536 0.620 0.333 0.270 0.280 0.730 0.165 0.520 0.100 0.030 0.080 0.385 0.150 0.190 0.155 0.060 0.070 0.728 0.313 0.525 0.135 0.030 0.045 0.644 0.307 0.370 0.160 0.065 0.065 0.470 0.170 0.190 0.175 0.065 0.070 0.450 0.276 0.410 0.180 0.080 0.105 0.368 0.150 0.160 0.160 0.100 0.120 0.340 0.140 0.190 0.345 0.075 0.345 0.260 0.065 0.090 0.390 0.025 0.025 0.305 0.110 0.125 0.560 0.451 0.530 TRADING SERVICES 0.270 0.150 — 0.170 0.095 — 0.095 0.040 0.045 0.316 0.196 0.255 0.300 0.180 — 0.600 0.350 0.450 0.760 0.300 0.625 0.475 0.260 0.370 0.250 0.155 0.170 0.240 0.140 0.170 0.245 0.120 0.185 0.400 0.280 — 0.303 0.168 0.250 0.040 0.005 0.010 0.290 0.130 0.245 0.815 0.500 0.530 0.970 0.480 — 2.670 1.700 2.100 0.283 0.195 0.205 0.480 0.325 — 0.055 0.030 0.035 1.490 0.450 1.000 0.225 0.100 — 0.705 0.110 0.130 FINANCE 0.570 0.390 0.480 DAY LOW CODE COUNTER 0.355 0.210 0.250 0.050 0179 0170 0148 0095 BIOHLDG KANGER SUNZEN XINGHE 0.355 0.220 0.250 0.050 -0.005 0.005 Unch -0.005 6110.7 3345.4 896.7 2245 0.355 0.215 0.251 0.053 22.76 13.17 — 1.47 — — 1.84 2.00 177.5 163.6 119.8 117.4 0.245 0.060 0.405 0.125 0.535 0.040 0.405 0.115 — 0.095 0.135 0.080 0.380 0.165 0.040 0.125 — 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 0.250 0.060 0.410 0.135 0.545 0.045 0.415 0.115 0.145 0.095 0.140 0.085 0.385 0.175 0.050 0.135 0.150 0.140 0.190 Unch 1323.5 Unch 290 Unch 268.9 0.005 3493.9 Unch 1646 0.005 517.7 0.015 1630.3 -0.005 11242.2 — — Unch 1453.5 Unch 50.1 -0.005 3037.5 0.005 286.8 0.005 997.6 0.005 2040.3 0.010 2709.1 — — 0.010 2713.3 Unch 142.4 0.245 0.060 0.407 0.128 0.546 0.041 0.411 0.120 — 0.095 0.135 0.083 0.385 0.174 0.045 0.130 — 0.136 0.190 10.46 — 24.70 10.80 16.37 — 14.56 — — — — — 9.63 16.99 17.86 11.07 — — 12.67 2.40 — 0.73 — — — 0.80 — — 5.26 — — 1.82 — — 2.96 — — 2.63 65.9 26.0 158.6 29.2 112.0 36.0 128.1 38.3 19.7 108.7 33.9 23.7 85.9 26.3 57.2 32.8 83.3 30.1 32.5 0.200 0.270 0.120 0.255 — 0.825 — 0.050 0.050 0.100 0.280 0.065 0.120 0.035 0.080 0.060 0.575 0.045 0.150 0.570 0.530 0.230 0.060 0.185 0.190 0.065 — 1.000 0.505 — 0.060 0.480 — 0.225 0.150 0.810 0.040 0.055 0.090 0.610 0.275 0.450 0.075 0.185 0.065 0.505 0.045 0.365 0.065 0.185 0.070 0.395 0.105 0.150 0.120 0.185 0.330 0.080 0.025 0.120 0.530 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 0.200 0.290 0.140 0.265 0.010 0.825 0.005 0.055 0.050 0.105 0.280 0.065 0.125 0.035 0.080 0.060 0.610 0.045 0.155 0.595 0.585 0.240 0.065 0.200 0.200 0.065 0.610 1.010 0.510 0.075 0.060 0.495 0.215 0.230 0.155 0.815 0.045 0.055 0.090 0.620 0.275 0.515 0.080 0.190 0.070 0.525 0.045 0.370 0.065 0.190 0.070 0.405 0.105 0.160 0.120 0.185 0.345 0.090 0.025 0.125 0.530 -0.005 2337 0.015 1123.9 0.010 994.4 Unch 30 — — -0.005 128.5 — — 0.005 4735.9 Unch 134.5 Unch 3229.5 Unch 10 -0.005 130 Unch 1845.5 -0.005 1204 -0.005 40.2 Unch 80 0.020 13976.8 Unch 330 Unch 7203.8 -0.055 26.5 0.045 3856.5 Unch 1650.4 0.005 1273 0.010 1901.6 0.010 5198.1 -0.005 30 — — Unch 37 Unch 492.4 — — Unch 1087 0.025 482.1 — — 0.005 2089.9 Unch 7630.4 0.045 5 0.005 710 -0.005 2232 Unch 456.1 Unch 64 Unch 117.8 0.035 2690.4 0.005 1763.4 0.005 961.4 0.005 7929.5 0.010 38.1 Unch 2 0.005 119 Unch 891.5 Unch 43.3 -0.005 356.5 0.005 1082 -0.010 10 0.010 585.4 Unch 300 -0.005 336.1 0.005 54321.9 Unch 940.5 Unch 60 Unch 193.5 0.005 38.8 0.200 — 0.282 11.33 0.138 — 0.260 — — — 0.828 229.17 — — 0.050 — 0.050 71.43 0.100 — 0.280 24.78 0.065 — 0.125 5.84 0.035 12.96 0.085 — 0.064 — 0.601 15.37 0.045 — 0.155 — 0.578 27.29 0.558 11.14 0.239 9.60 0.061 — 0.193 15.50 0.201 — 0.065 — — 18.10 1.004 14.35 0.510 16.04 — — 0.060 — 0.493 9.98 — — 0.229 — 0.158 — 0.812 38.44 0.043 — 0.055 3.57 0.090 128.57 0.618 11.38 0.279 10.54 0.494 — 0.076 10.81 0.188 35.85 0.070 13.21 0.522 13.39 0.045 — 0.366 30.08 0.065 — 0.190 — 0.070 — 0.400 14.73 0.105 — 0.152 39.02 0.120 — 0.186 — 0.340 82.14 0.085 — 0.025 — 0.125 — 0.530 20.54 — — — — — — — — — — — — — — — — 1.64 — — 1.68 — 2.08 — — — — — — 2.16 — — 4.04 — — — 2.45 — — — 3.23 3.20 — — 1.05 — 3.81 — — — — — 2.47 — 3.75 — — — — — — 7.55 128.1 127.3 39.4 30.8 8.1 356.5 0.5 26.9 67.8 156.5 237.1 46.7 44.0 10.1 21.1 29.7 371.1 18.8 338.3 75.0 72.0 113.4 48.0 47.4 39.5 12.8 57.4 153.7 156.0 14.0 57.2 80.7 20.3 163.4 35.9 388.2 28.1 103.6 53.7 100.0 81.9 62.3 25.6 106.1 75.8 99.4 9.0 74.0 36.0 54.2 22.4 81.0 12.7 50.8 45.0 20.5 892.6 27.3 12.8 24.2 715.5 — — 0.040 0.255 — 0.445 0.625 0.360 0.170 0.170 0.180 — 0.245 0.005 0.235 0.520 — 2.100 0.205 — 0.035 0.995 — 0.125 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 0.200 0.095 0.045 0.255 0.210 0.450 0.625 0.365 0.170 0.170 0.185 0.300 0.245 0.010 0.245 0.520 0.510 2.100 0.205 0.480 0.035 0.995 0.130 0.125 — — — — Unch 156 0.015 0.1 — — Unch 212.6 Unch 5 0.010 1939.6 -0.005 100 -0.005 100 Unch 484.9 — — 0.005 153.5 0.005 16176.9 Unch 201 -0.015 82 — — -0.140 4 Unch 50 — — Unch 702 -0.005 43 — — Unch 4241.7 — — 0.042 0.255 — 0.446 0.625 0.364 0.170 0.170 0.185 — 0.245 0.007 0.240 0.524 — 2.100 0.205 — 0.035 0.996 — 0.125 80.00 — — 13.71 26.25 18.22 29.48 22.12 6.77 — 71.15 — 13.17 — — — 31.29 14.08 26.28 — — 22.26 50.00 10.87 — — — 2.47 4.76 — — — — 1.76 — — 2.86 — — 0.38 — 2.38 7.32 6.25 — 0.50 — — 53.2 45.0 39.0 64.3 34.7 85.2 86.5 186.6 30.4 41.7 60.0 14.6 50.7 9.7 35.1 393.8 68.7 89.8 84.5 118.8 34.6 169.9 26.7 69.6 0.430 0053 OSKVI 0.430 -0.005 0.430 — 4.65 85.0 130.9 28 Markets T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY 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 0.240 0.130 0.095 0.150 0.130 0.745 0.840 0.310 0.260 0.110 0.370 0.215 0.330 0.185 0.120 0.095 0.180 0.100 0.070 0.050 0.130 0.155 0.135 0.045 0.170 0.125 0.055 0.180 0.170 0.125 0.150 0.380 0.150 0.210 0.485 0.310 0.165 0.135 0.100 0.060 0.105 0.180 0.173 0.105 0.330 1.330 0.505 0.220 0.140 0.190 0.120 0.045 0.200 0.045 0.110 0.265 0.115 0.460 0.065 0.225 0.110 0.255 0.420 0.105 0.110 0.050 0.215 0.115 0.210 0.140 0.110 0.145 0.105 0.385 0.090 0.090 0.200 0.120 0.195 0.640 0.180 0.650 0.815 0.065 0.635 0.625 0.860 0.230 0.660 0.790 0.125 0.225 0.290 0.195 0.045 0.370 0.405 0.190 0.245 0.200 0.090 0.075 0.155 0.130 0.900 0.265 0.365 0.190 0.140 0.395 0.545 0.130 0.160 0.155 0.210 0.115 0.195 0.640 0.625 0.675 0.080 0.210 0.340 0.150 0.225 0.030 0.145 0.255 0.185 1.160 0.035 0.050 0.005 0.070 0.060 0.090 0.320 0.085 0.060 0.030 0.185 0.060 0.125 0.110 0.040 0.015 0.050 0.010 0.010 0.030 0.010 0.030 0.025 0.015 0.095 0.065 0.025 0.100 0.010 0.050 0.085 0.150 0.005 0.080 0.225 0.090 0.065 0.060 0.070 0.025 0.050 0.095 0.060 0.065 0.060 0.410 0.255 0.085 0.070 0.005 0.005 0.020 0.050 0.010 0.020 0.125 0.015 0.255 0.020 0.015 0.065 0.165 0.215 0.030 0.005 0.005 0.070 0.040 0.085 0.035 0.050 0.085 0.075 0.110 0.020 0.025 0.080 0.005 0.030 0.340 0.095 0.175 0.390 0.020 0.180 0.300 0.235 0.060 0.080 0.105 0.030 0.025 0.055 0.030 0.010 0.070 0.190 0.090 0.150 0.100 0.030 0.030 0.100 0.005 0.325 0.040 0.150 0.020 0.090 0.170 0.280 0.020 0.095 0.075 0.150 0.065 0.130 0.030 0.075 0.060 0.050 0.025 0.050 0.005 0.095 0.010 0.010 0.145 0.120 0.805 0.225 0.100 0.010 0.080 0.095 0.615 0.720 0.240 0.180 0.040 0.285 0.160 0.250 0.135 0.060 0.020 0.115 0.015 0.010 0.040 0.015 0.040 0.030 0.020 0.150 0.085 0.025 0.105 0.010 0.050 0.090 0.355 0.010 0.140 0.335 0.130 0.070 0.080 0.095 0.025 0.055 0.145 0.075 0.085 0.110 1.000 0.450 0.100 0.090 0.005 0.005 0.035 0.080 0.015 0.030 0.170 0.050 0.385 0.025 0.015 0.090 0.185 0.270 0.055 0.010 0.010 0.100 0.045 0.090 0.035 0.055 0.085 0.075 0.180 0.060 0.055 0.135 0.005 0.030 0.395 0.170 0.630 0.505 0.030 0.635 0.350 0.355 0.205 0.095 0.110 0.045 0.025 0.065 0.035 0.010 0.095 0.225 0.115 0.160 0.110 0.040 0.045 0.110 0.005 0.450 0.095 0.200 0.050 0.105 0.245 0.395 0.050 0.140 0.115 0.210 0.115 0.195 0.080 0.135 0.500 0.050 0.035 0.050 0.005 0.110 0.015 0.080 0.195 0.140 1.020 0.195 0.090 0.005 0.070 0.095 0.585 0.700 0.235 0.180 0.030 0.280 0.135 0.245 0.120 0.060 0.020 0.085 0.015 0.010 0.035 0.015 0.040 0.030 0.020 0.140 0.065 0.025 0.105 0.010 0.050 0.085 0.335 0.010 0.140 0.320 0.125 0.065 0.080 0.085 0.025 0.050 0.135 0.065 0.080 0.110 0.990 0.440 0.095 0.075 0.005 0.005 0.035 0.075 0.015 0.025 0.160 0.015 0.375 0.020 0.015 0.085 0.170 0.250 0.050 0.010 0.005 0.080 0.045 0.085 0.035 0.050 0.085 0.075 0.180 0.055 0.050 0.110 0.005 0.030 0.380 0.145 0.600 0.470 0.030 0.450 0.340 0.320 0.170 0.080 0.105 0.030 0.025 0.055 0.030 0.010 0.070 0.190 0.090 0.150 0.100 0.030 0.030 0.100 0.005 0.400 0.070 0.200 0.030 0.105 0.230 0.360 0.035 0.140 0.090 0.175 0.100 0.175 0.055 0.110 0.480 0.050 0.030 0.050 0.005 0.110 0.015 0.075 0.165 0.140 0.955 CODE 5238WA 0018WA 6599CE 5185CT 7315WB 509924 509926 509927 509928 509929 509930 509931 509932 509933 9342WB 5194WA 0119WA 521011 521012 521014 5210C6 5210C8 5210C9 0150WA 0105WA 6399CV 7070WB 7099WB 6888C4 6888C5 6888C8 7078WA 4162CE 7241WA 5258WA 6998WA 5248CJ 5248CK 5248CM 3395C1 3395CZ 3395WB 7036WB 7036WC 7188WB 7174WA 7076WA 5195WB 102310 2852CM 2852CN 2852CP 0102WA 5214WA 0051WA 7212WA 7277C5 7277WA 694711 6947C9 7114WA 5265WA 7169WA 7198WB 161916 161918 161919 161920 161921 5216CK 5216CL 5216CN 5216CO 3417WB 0154WB 0154WC 3557WC 8206CB 8206CE 8206WA 1368CG 0065WA 8907WC 7182WA 8877WB 5056WA 7249WA 7047WB 65026 65028 65034 65036 65038 0650C4 65040 65044 65046 65048 65052 65054 65056 65058 65060 65027 65031 65037 65041 65043 65047 65049 65051 65053 65057 65059 65061 65063 65065 0650HV 0650HW 8605WB 522210 5222C6 5222C8 5222C9 9318WB 0109WB 539823 539826 539827 5398WE WARRANTS AAX-WA ACCSOFT-WA AEON-CE AFFIN-CT AHB-WB AIRASIAC24 AIRASIAC26 AIRASIAC27 AIRASIAC28 AIRASIAC29 AIRASIAC30 AIRASIAC31 AIRASIAC32 AIRASIAC33 ANZO-WB APFT-WA APPASIA-WA ARMADA-C11 ARMADA-C12 ARMADA-C14 ARMADA-C6 ARMADA-C8 ARMADA-C9 ASIABIO-WA ASIAPLY-WA ASTRO-CV ASUPREM-WB ATTA-WB AXIATA-C4 AXIATA-C5 AXIATA-C8 AZRB-WA BAT-CE BHS-WA BIMB-WA BINTAI-WA BJAUTO-CJ BJAUTO-CK BJAUTO-CM BJCORP-C1 BJCORP-CZ BJCORP-WB BORNOIL-WB BORNOIL-WC BTM-WB CAB-WA CBIP-WA CENSOF-WB CIMB-C10 CMSB-CM CMSB-CN CMSB-CP CONNECT-WA CSL-WA CUSCAPI-WA DESTINI-WA DIALOG-C5 DIALOG-WA DIGI-C11 DIGI-C9 DNONCE-WA DOLPHIN-WA DOMINAN-WA DPS-WB DRBHCOMC16 DRBHCOMC18 DRBHCOMC19 DRBHCOMC20 DRBHCOMC21 DSONIC-CK DSONIC-CL DSONIC-CN DSONIC-CO E&O-WB EAH-WB EAH-WC ECOFIRS-WC ECOWLD-CB ECOWLD-CE ECOWLD-WA EDGENTA-CG EFORCE-WA EG-WC EKA-WA EKOVEST-WB ENGTEX-WA EWEIN-WA FAJAR-WB FBMKLCI-C26 FBMKLCI-C28 FBMKLCI-C34 FBMKLCI-C36 FBMKLCI-C38 FBMKLCI-C4 FBMKLCI-C40 FBMKLCI-C44 FBMKLCI-C46 FBMKLCI-C48 FBMKLCI-C52 FBMKLCI-C54 FBMKLCI-C56 FBMKLCI-C58 FBMKLCI-C60 FBMKLCI-H27 FBMKLCI-H31 FBMKLCI-H37 FBMKLCI-H41 FBMKLCI-H43 FBMKLCI-H47 FBMKLCI-H49 FBMKLCI-H51 FBMKLCI-H53 FBMKLCI-H57 FBMKLCI-H59 FBMKLCI-H61 FBMKLCI-H63 FBMKLCI-H65 FBMKLCI-HV FBMKLCI-HW FFHB-WB FGV-C10 FGV-C6 FGV-C8 FGV-C9 FITTERS-WB FLONIC-WB GAMUDA-C23 GAMUDA-C26 GAMUDA-C27 GAMUDA-WE CLOSE (RM) +/(RM) 0.220 0.100 0.005 0.075 0.095 0.615 0.720 0.240 0.180 0.040 0.285 0.150 0.250 0.125 0.060 0.020 0.105 0.015 0.010 0.040 0.015 0.040 0.030 0.020 0.150 0.085 0.025 0.105 0.010 0.050 0.085 0.350 0.010 0.140 0.335 0.130 0.070 0.080 0.095 0.025 0.050 0.145 0.075 0.080 0.110 1.000 0.450 0.100 0.090 0.005 0.005 0.035 0.075 0.015 0.030 0.165 0.050 0.380 0.025 0.015 0.090 0.180 0.265 0.055 0.010 0.010 0.095 0.045 0.090 0.035 0.050 0.085 0.075 0.180 0.060 0.055 0.135 0.005 0.030 0.395 0.160 0.620 0.495 0.030 0.630 0.345 0.350 0.205 0.095 0.105 0.045 0.025 0.065 0.035 0.010 0.095 0.225 0.110 0.160 0.110 0.040 0.045 0.110 0.005 0.400 0.075 0.200 0.035 0.105 0.230 0.360 0.035 0.140 0.095 0.175 0.105 0.175 0.055 0.110 0.490 0.050 0.035 0.050 0.005 0.110 0.015 0.080 0.185 0.140 1.000 0.020 Unch Unch 0.005 Unch 0.045 -0.020 0.005 -0.005 Unch 0.020 0.010 0.025 0.010 Unch -0.005 0.020 Unch Unch Unch Unch -0.005 0.005 Unch Unch 0.015 Unch Unch -0.005 -0.005 Unch 0.010 Unch Unch 0.005 Unch Unch -0.005 0.025 -0.005 -0.005 0.010 Unch -0.005 Unch Unch Unch 0.005 0.010 Unch Unch 0.015 Unch 0.005 Unch Unch -0.015 -0.005 Unch Unch Unch Unch 0.015 Unch Unch 0.005 0.005 -0.010 Unch -0.015 -0.010 Unch -0.005 Unch 0.005 Unch 0.010 Unch -0.165 0.010 0.010 -0.005 Unch Unch 0.130 Unch 0.015 0.010 -0.005 -0.045 Unch -0.005 0.005 Unch Unch 0.010 0.020 Unch -0.010 -0.005 Unch Unch -0.010 Unch -0.015 -0.005 0.025 0.005 0.005 0.025 -0.010 -0.005 0.010 -0.010 -0.020 Unch -0.005 -0.015 -0.015 0.005 Unch Unch -0.005 -0.005 -0.005 Unch 0.015 0.025 0.015 0.035 VOL PARENT EXE (‘000) PRICE PRICE 54719.7 320.1 447.5 305.4 20 201 134 65 15 3382.9 700 10090.2 80 773.6 79.1 360 817.4 333 200.1 950 286 300 80 370 1777.5 473.2 542 50 400.3 44 114 619 2248.2 1093.5 989.6 321.4 325.4 60 240 500 1672 212.2 258.7 1262 100 74.5 37 115.1 200 629.2 2898 60 125 430 127.5 889 25.6 213.8 111.1 330.1 576 209.7 38.8 60.2 30 853 1011.3 40.2 625.9 150 172 100 30 90 196 600 86.8 112.1 2.1 85.2 408.7 2204.1 1408.1 1320 3658.3 415.5 608 3703 270 40 7981.4 134 344 1339.1 640 22.5 136.5 6164.8 130 6273.4 375.2 1008 35 65 140 9545.9 45 3642.1 35 405 102.2 2896.5 30 1528.9 1047 428 268 2660.5 10702.9 436.9 100 1101.8 50 70 4 250 2 309.6 30 8789.8 PR’M (%) 0.345 0.460 97.10 0.200 0.100 0.00 2.810 3.150 12.63 2.320 2.400 6.68 0.200 0.200 47.50 1.950 1.050 1.15 1.950 0.900 1.54 1.950 1.280 2.56 1.950 1.480 3.59 1.950 2.000 7.69 1.950 2.000 31.79 1.950 1.500 2.31 1.950 1.500 8.97 1.950 2.100 23.72 0.235 0.250 31.91 0.055 0.400 663.64 0.140 0.130 67.86 0.770 1.000 33.77 0.770 1.150 51.95 0.770 0.950 33.77 0.770 1.000 33.77 0.770 0.880 27.27 0.770 0.980 37.01 0.045 0.100 166.67 0.250 0.100 0.00 2.730 3.000 16.12 0.110 0.200 104.55 0.565 1.000 95.58 5.570 6.400 15.44 5.570 6.500 20.29 5.570 5.850 9.61 0.720 0.700 45.83 46.800 57.000 22.86 0.430 0.600 72.09 3.860 4.720 30.96 0.240 0.200 37.50 2.260 2.400 15.49 2.260 2.000 -2.65 2.260 2.100 9.73 0.375 0.430 23.33 0.375 0.370 12.00 0.375 1.000 205.33 0.145 0.100 20.69 0.145 0.100 24.14 0.215 0.200 44.19 1.580 0.550 -1.90 2.210 2.400 28.96 0.255 0.460 119.61 4.680 4.800 12.18 3.810 5.200 37.40 3.810 5.000 32.28 3.810 5.560 51.44 0.135 0.100 29.63 0.095 1.150 1,127 0.100 0.270 200.0 0.615 0.400 -8.13 1.590 1.500 2.20 1.590 1.190 -1.26 4.390 5.400 25.28 4.390 5.100 17.03 0.215 0.250 58.14 0.680 0.800 44.12 1.140 1.300 37.28 0.105 0.100 47.62 0.955 1.400 48.69 0.955 1.300 38.74 0.955 1.000 14.66 0.955 1.100 26.96 0.955 0.950 13.61 1.270 1.630 36.61 1.270 1.420 27.56 1.270 1.450 30.91 1.270 1.550 36.81 1.590 2.600 74.84 0.105 0.120 71.43 0.105 0.100 47.62 0.265 0.300 64.15 1.280 1.680 32.23 1.280 1.520 23.44 1.280 2.080 93.36 3.720 3.230 4.03 1.250 0.680 4.00 0.840 0.500 18.45 0.120 0.200 91.67 1.530 1.350 29.41 1.140 0.830 3.07 0.940 0.610 2.13 0.595 0.700 52.10 1,657 1,750 7.01 1,657 1,670 2.33 1,657 1,660 2.05 1,657 1,770 7.54 1,657 1,690 3.92 1,657 1,700 3.97 1,657 1,800 9.02 1,657 1,720 5.49 1,657 1,640 3.01 1,657 1,600 1.17 1,657 1,570 1.48 1,657 1,595 0.87 1,657 1,710 4.85 1,657 1,730 6.27 1,657 1,650 4.19 1,657 1,550 -6.28 1,657 1,710 9.20 1,657 1,680 4.52 1,657 1,650 5.58 1,657 1,600 -2.00 1,657 1,488 -5.16 1,657 1,600 0.69 1,657 1,680 7.87 1,657 1,570 -3.81 1,657 1,610 3.04 1,657 1,650 3.55 1,657 1,710 10.55 1,657 1,610 1.56 1,657 1,690 9.35 1,657 1,658 2.73 1,657 1,700 6.99 1.040 0.500 -4.81 1.440 1.550 20.83 1.440 1.500 11.46 1.440 1.500 11.11 1.440 1.900 33.13 0.450 1.000 146.67 0.045 0.050 44.44 4.750 4.500 8.21 4.750 4.500 6.42 4.750 5.000 17.05 4.750 4.050 6.32 EXPIRY DATE 08/06/2020 18/01/2019 30/06/2016 30/09/2016 28/08/2019 31/05/2016 18/07/2016 28/10/2016 28/10/2016 31/05/2016 31/01/2017 15/08/2016 30/09/2016 28/10/2016 25/08/2023 13/07/2018 23/12/2024 07/10/2016 29/07/2016 30/09/2016 30/08/2016 28/11/2016 28/11/2016 19/04/2024 13/12/2020 31/01/2017 20/06/2018 09/05/2022 29/07/2016 28/10/2016 31/01/2017 13/05/2024 29/07/2016 18/10/2020 04/12/2023 15/06/2020 18/07/2016 31/05/2016 28/11/2016 30/08/2016 31/10/2016 22/04/2022 28/02/2018 08/11/2025 23/10/2024 08/02/2020 06/11/2019 07/10/2019 10/08/2016 08/06/2016 08/06/2016 20/10/2016 17/09/2021 18/09/2017 24/04/2018 03/10/2016 29/07/2016 10/02/2017 28/10/2016 30/09/2016 25/11/2020 29/03/2021 10/09/2020 15/01/2025 30/08/2016 29/07/2016 30/11/2016 30/11/2016 15/12/2016 30/08/2016 29/07/2016 23/11/2016 28/10/2016 21/07/2019 24/02/2019 18/06/2019 10/09/2019 30/06/2016 28/07/2016 26/03/2022 31/10/2016 17/07/2019 03/11/2020 22/01/2019 25/06/2019 25/10/2017 09/06/2017 24/09/2019 31/05/2016 31/05/2016 30/06/2016 30/06/2016 30/06/2016 29/07/2016 29/07/2016 29/07/2016 29/07/2016 30/08/2016 30/08/2016 30/09/2016 31/10/2016 31/10/2016 31/10/2016 31/05/2016 31/05/2016 30/06/2016 30/06/2016 29/07/2016 31/01/2017 29/07/2016 29/07/2016 30/08/2016 30/08/2016 30/09/2016 31/10/2016 31/10/2016 31/10/2016 30/06/2016 29/07/2016 30/03/2017 30/09/2016 29/07/2016 18/07/2016 31/05/2016 12/10/2019 06/11/2019 28/07/2016 30/11/2016 30/11/2016 06/03/2021 YEAR HIGH YEAR LOW DAY HIGH DAY LOW 0.420 0.195 0.155 0.180 3.200 0.250 0.580 0.505 0.220 0.220 2.380 0.165 0.265 0.090 6.200 0.460 0.240 1.510 0.210 0.880 0.345 0.550 0.840 1.210 0.630 1.000 1.490 1.180 2.000 0.550 0.920 1.350 0.540 0.835 1.050 1.310 1.650 0.735 1.500 0.560 1.250 1.460 0.230 0.010 0.010 0.060 0.030 0.105 0.435 0.215 0.325 0.270 0.075 2.320 0.040 0.365 0.225 0.180 0.155 0.090 0.150 0.120 0.935 0.370 0.130 0.265 0.080 0.065 0.125 3.000 0.025 1.130 0.300 0.865 0.175 0.220 0.585 0.235 0.110 0.450 0.055 0.060 0.470 0.130 0.372 0.220 0.175 0.105 0.100 0.185 0.170 0.025 0.105 0.330 0.235 0.555 1.110 0.405 0.455 0.430 0.485 0.225 0.210 0.780 0.575 0.360 0.240 0.205 0.530 0.240 0.030 0.035 0.090 0.465 0.470 0.300 0.360 0.180 0.100 0.065 0.080 0.240 0.470 0.085 0.060 0.165 0.100 0.190 0.190 0.310 0.085 0.410 0.310 0.185 0.130 0.085 0.010 0.065 0.120 1.500 0.045 0.185 0.065 0.090 0.115 0.530 0.065 0.125 0.010 2.520 0.305 0.050 0.625 0.025 0.370 0.220 0.035 0.130 0.265 0.305 0.490 0.780 0.650 1.560 0.295 0.550 0.880 0.330 0.560 0.860 0.310 0.580 0.190 0.585 0.330 0.775 1.180 0.075 0.005 0.005 0.005 0.020 0.070 0.085 0.040 0.050 0.015 0.035 0.813 0.015 0.150 0.085 0.005 0.030 0.035 0.065 0.050 0.120 0.105 0.075 0.105 0.050 0.030 0.090 0.850 0.010 0.350 0.035 0.260 0.065 0.090 0.130 0.010 0.030 0.215 0.025 0.025 0.240 0.045 0.130 0.100 0.005 0.060 0.060 0.110 0.045 0.005 0.040 0.185 0.140 0.040 0.230 0.130 0.305 0.110 0.210 0.115 0.080 0.280 0.235 0.115 0.025 0.005 0.020 0.075 0.005 0.010 0.020 0.120 0.215 0.150 0.120 0.050 0.035 0.020 0.020 0.150 0.255 0.010 0.005 0.005 0.010 0.075 0.120 0.130 0.015 0.120 0.070 0.050 0.005 0.190 0.055 0.105 0.150 2.750 0.095 0.340 0.250 0.130 0.125 1.620 0.150 0.175 0.020 5.930 0.335 0.050 0.985 0.210 0.420 0.245 0.050 0.165 0.295 0.345 0.645 1.050 0.795 1.860 0.360 0.605 1.010 0.345 0.570 0.860 0.485 0.835 0.290 0.830 0.485 1.070 1.460 0.090 0.005 0.005 0.005 0.020 0.075 0.110 0.045 0.050 0.015 0.035 1.140 0.015 0.185 0.090 0.020 0.045 0.040 0.100 0.080 0.310 0.160 0.080 0.115 0.050 0.030 0.095 2.280 0.015 1.130 0.060 0.755 0.080 0.125 0.320 0.015 0.030 0.415 0.030 0.035 0.290 0.095 0.215 0.145 0.005 0.060 0.070 0.125 0.060 0.010 0.060 0.195 0.160 0.055 0.260 0.330 0.380 0.130 0.280 0.120 0.085 0.590 0.495 0.280 0.075 0.005 0.215 0.140 0.005 0.020 0.065 0.305 0.245 0.150 0.165 0.060 0.040 0.030 0.050 0.185 0.295 0.060 0.005 0.005 0.015 0.145 0.125 0.250 0.020 0.140 0.085 0.055 0.010 0.140 0.055 0.070 0.150 2.730 0.095 0.325 0.240 0.110 0.115 1.480 0.150 0.165 0.010 5.930 0.335 0.050 0.960 0.165 0.415 0.235 0.035 0.160 0.265 0.320 0.615 1.030 0.780 1.860 0.340 0.605 1.010 0.330 0.560 0.860 0.470 0.830 0.270 0.830 0.485 1.060 1.460 0.075 0.005 0.005 0.005 0.020 0.075 0.105 0.045 0.050 0.015 0.035 1.080 0.015 0.175 0.085 0.015 0.035 0.035 0.100 0.080 0.305 0.140 0.075 0.110 0.050 0.030 0.090 2.170 0.015 1.080 0.035 0.675 0.080 0.120 0.305 0.010 0.030 0.405 0.025 0.030 0.255 0.095 0.205 0.140 0.005 0.060 0.065 0.110 0.045 0.005 0.055 0.185 0.145 0.055 0.230 0.315 0.365 0.130 0.260 0.120 0.080 0.590 0.460 0.250 0.065 0.005 0.210 0.130 0.005 0.020 0.055 0.300 0.240 0.150 0.155 0.055 0.040 0.025 0.045 0.175 0.290 0.055 0.005 0.005 0.010 0.130 0.125 0.220 0.020 0.140 0.070 0.050 0.005 CODE 5226WA 0078CB 471512 471513 2291WA 318224 318225 318227 318228 318229 3182WA 70010 1147WA 7022CG 3034WA 2062WC 5168CQ 5095WB 5072WA 5169WA 7213WB 65118 65119 65120 65121 65122 65123 65124 65128 65130 65132 65134 65136 65138 65140 65125 65127 65129 65133 65135 65139 65145 6238CD 7013WA 7013WB 9601WC 9601WD 5225CY 0166CJ 0166CL 0166CM 0166CN 0166CP 0166WB 0094WA 3379WB 1961C9 0010WA 5175WA 0024WA 9083WB 8923WA 7167WA 4383CE 4383CJ 5247CK 5247CN 5247CO 5247CP 7216WA 3115WC 7161WA 3565WE 5171WA 7164WA 7164WB 7017WB 7153CK 7153CN 5789WB 5068WA 5068WB 7617WB 8583C2 8583WB 8583WC 5264CG 5264CL 5264CM 5264CN 6012CT 5189WA 115517 115518 115519 5983WA 1171WA 1694WB 3069WA 3662WB 5186CY 5186CZ 3816C2 9571WC 9571WD 7595WA 2194C1 1651C5 1651C6 1651WA 5150WA 0092WA 0092WB 0138CN 0138CP 0138CS 0138CT 0138CU 0138CW 0096WA 7139WA 0172WA 5053WC 0005WA 5657CO 5657CP 1295C4 1295C6 1295C7 9997WB 5146WA 8311WC 5681CP 5681CQ 6033CM WARRANTS GBGAQRS-WA GDEX-CB GENM-C12 GENM-C13 GENP-WA GENTINGC24 GENTINGC25 GENTINGC27 GENTINGC28 GENTINGC29 GENTING-WA GLD-C10 GOB-WA GTRONIC-CG HAPSENG-WA HARBOUR-WC HARTA-CQ HEVEA-WB HIAPTEK-WA HOHUP-WA HOVID-WB HSI-C18 HSI-C19 HSI-C20 HSI-C21 HSI-C22 HSI-C23 HSI-C24 HSI-C28 HSI-C30 HSI-C32 HSI-C34 HSI-C36 HSI-C38 HSI-C40 HSI-H25 HSI-H27 HSI-H29 HSI-H33 HSI-H35 HSI-H39 HSI-H45 HSL-CD HUBLINE-WA HUBLINE-WB HWGB-WC HWGB-WD IHH-CY INARI-CJ INARI-CL INARI-CM INARI-CN INARI-CP INARI-WB INIX-WA INSAS-WB IOICORP-C9 IRIS-WA IVORY-WA JAG-WA JETSON-WB JIANKUN-WA JOHOTIN-WA JTIASA-CE JTIASA-CJ KAREX-CK KAREX-CN KAREX-CO KAREX-CP KAWAN-WA KBUNAI-WC KERJAYA-WA KEURO-WE KIMLUN-WA KNM-WA KNM-WB KOMARK-WB KOSSAN-CK KOSSAN-CN LBS-WB LUSTER-WA LUSTER-WB MAGNA-WB MAHSING-C2 MAHSING-WB MAHSING-WC MALAKOF-CG MALAKOF-CL MALAKOF-CM MALAKOF-CN MAXIS-CT MAXWELL-WA MAYBANKC17 MAYBANKC18 MAYBANKC19 MBMR-WA MBSB-WA MENANG-WB MFCB-WA MFLOUR-WB MHB-CY MHB-CZ MISC-C2 MITRA-WC MITRA-WD MLGLOBAL-WA MMCCORP-C1 MRCB-C5 MRCB-C6 MRCB-WA MSPORTS-WA MTOUCHE-WA MTOUCHE-WB MYEG-CN MYEG-CP MYEG-CS MYEG-CT MYEG-CU MYEG-CW NEXGRAM-WA NICE-WA OCK-WA OSK-WC PALETTE-WA PARKSON-CO PARKSON-CP PBBANK-C4 PBBANK-C6 PBBANK-C7 PENSONI-WB PERWAJA-WA PESONA-WC PETDAG-CP PETDAG-CQ PETGAS-CM CLOSE (RM) +/(RM) 0.190 0.055 0.105 0.150 2.730 0.095 0.340 0.245 0.130 0.125 1.610 0.150 0.175 0.020 5.930 0.335 0.050 0.980 0.200 0.420 0.240 0.050 0.160 0.275 0.330 0.635 1.030 0.795 1.860 0.345 0.605 1.010 0.330 0.560 0.860 0.470 0.830 0.280 0.830 0.485 1.070 1.460 0.085 0.005 0.005 0.005 0.020 0.075 0.110 0.045 0.050 0.015 0.035 1.120 0.015 0.185 0.090 0.020 0.045 0.040 0.100 0.080 0.305 0.160 0.080 0.110 0.050 0.030 0.090 2.170 0.015 1.100 0.060 0.745 0.080 0.125 0.320 0.015 0.030 0.415 0.030 0.035 0.270 0.095 0.215 0.145 0.005 0.060 0.070 0.125 0.055 0.010 0.055 0.185 0.145 0.055 0.255 0.325 0.375 0.130 0.275 0.120 0.080 0.590 0.495 0.280 0.075 0.005 0.215 0.135 0.005 0.020 0.065 0.300 0.245 0.150 0.155 0.055 0.040 0.030 0.050 0.180 0.295 0.060 0.005 0.005 0.015 0.140 0.125 0.250 0.020 0.140 0.070 0.050 0.010 0.055 0.015 0.020 0.005 Unch -0.010 -0.025 -0.015 0.005 -0.005 0.030 -0.005 0.010 0.010 Unch 0.005 -0.005 0.035 0.035 0.020 0.005 0.005 -0.005 -0.035 -0.030 -0.030 -0.060 -0.060 0.040 -0.055 -0.025 -0.110 -0.035 -0.025 -0.050 0.025 0.060 0.030 0.050 0.075 0.070 0.220 0.010 Unch Unch Unch -0.005 0.005 0.005 -0.010 -0.020 -0.005 -0.015 Unch -0.005 0.010 0.005 Unch 0.010 0.005 Unch Unch -0.005 0.020 Unch -0.010 -0.010 -0.010 -0.010 -0.190 -0.005 0.020 0.025 0.050 Unch 0.005 -0.005 0.005 -0.005 0.005 Unch 0.005 -0.010 0.005 0.005 0.005 -0.005 -0.010 Unch 0.015 Unch 0.005 -0.005 -0.020 0.005 -0.005 0.010 Unch 0.005 0.005 0.005 -0.010 -0.010 Unch 0.020 -0.005 0.005 -0.005 -0.005 0.005 Unch Unch 0.005 -0.020 -0.025 -0.040 -0.010 -0.005 Unch 0.005 Unch 0.005 Unch Unch Unch Unch 0.005 0.030 0.005 0.010 Unch Unch -0.015 -0.010 Unch VOL PARENT EXE (‘000) PRICE PRICE 9817.5 500 767 10 10.1 150 1825 130 92.2 100 5416.1 400 226 17573.1 12.3 3.6 20 156.7 6064.3 74.5 269.5 552.3 1211.6 18749.8 468.7 526.9 10 8.5 1 398.5 15 23 2.5 20 10 145 8.2 274.5 1.3 5 20 10.1 1792.4 150 500 30 56 20 196 20 20 312 10 2781.3 400 335.2 91 560 282.6 101 8.7 164 150.2 450 330 500 110 30 1750 12.4 930 251.4 70.7 1238.7 2307.5 151.3 38.1 80.1 50 191.7 501 30.1 8.5 30 432.6 76.1 280 99.9 200 180 227.8 12761.3 1190 905 801 1.5 661.1 1485.8 77.2 79.3 263.8 100 390 106.1 258 3 736.7 474.5 40 1191.5 300 540 168.9 25 780 10 1322 4595 370 338.8 104 2474.3 163 1943.7 200 2953.5 1260 610.1 10 254.5 590.5 50 5.9 26.9 50.1 0.900 1.480 4.540 4.540 10.600 8.570 8.570 8.570 8.570 8.570 8.570 483.35 0.485 3.510 7.680 1.170 4.100 1.240 0.480 0.855 0.420 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 10,394 1.800 0.010 0.010 0.060 0.060 6.560 2.770 2.770 2.770 2.770 2.770 2.770 0.045 0.680 4.390 0.155 0.365 0.095 0.210 0.260 1.760 1.370 1.370 2.440 2.440 2.440 2.440 3.170 0.050 1.910 0.895 1.790 0.465 0.465 0.495 6.080 6.080 1.590 0.065 0.065 1.010 1.500 1.500 1.500 1.670 1.670 1.670 1.670 5.550 0.025 8.540 8.540 8.540 2.220 1.280 0.930 1.700 1.220 1.070 1.070 8.360 1.220 1.220 0.565 2.100 1.220 1.220 1.220 0.035 0.155 0.155 1.930 1.930 1.930 1.930 1.930 1.930 0.055 0.120 0.795 1.630 0.080 0.895 0.895 18.920 18.920 18.920 0.630 0.115 0.365 23.740 23.740 21.860 1.300 1.500 4.250 4.300 7.750 8.000 7.000 7.400 7.800 9.300 7.960 452.52 0.800 6.300 1.650 1.560 4.780 0.250 0.690 0.600 0.180 24,200 22,800 21,400 22,000 20,600 19,200 20,200 17,400 22,400 21,000 19,600 23,200 21,800 20,400 19,000 20,400 17,000 19,800 17,800 20,600 21,400 2.000 0.160 0.010 0.200 0.180 6.700 2.640 2.864 2.880 3.200 3.700 1.600 0.100 1.000 4.700 0.150 0.750 0.100 0.750 0.320 2.280 1.100 1.500 2.300 3.053 3.320 2.533 0.930 0.131 0.880 1.180 1.680 0.980 1.000 0.300 7.500 9.000 1.250 0.100 0.100 0.900 1.450 1.440 2.100 2.000 1.650 1.600 1.600 6.300 0.400 8.200 8.350 8.600 3.200 1.000 1.000 2.220 2.060 0.900 1.000 8.000 0.600 1.090 0.500 2.100 1.500 1.000 2.300 0.180 0.890 0.270 1.225 1.500 1.590 1.775 2.300 2.350 0.100 0.160 0.710 1.800 0.040 2.170 1.000 19.300 18.000 18.100 0.600 1.000 0.250 23.000 24.860 24.000 PR’M (%) 65.56 8.78 0.55 7.93 -1.13 2.22 1.52 0.64 9.22 20.92 11.67 4.79 101.03 82.91 -1.30 61.97 27.56 -0.81 85.42 19.30 0.00 133.25 120.73 108.26 114.50 103.68 93.63 101.23 83.50 118.48 107.27 97.31 126.05 114.58 103.71 86.86 103.44 65.97 97.67 75.45 107.44 118.52 18.19 1,550 50.00 241.67 233.33 8.99 8.01 13.79 11.19 17.69 38.63 -1.81 155.56 74.26 14.24 9.68 117.81 47.37 304.76 53.85 46.88 3.65 27.01 12.30 33.33 42.62 18.58 -2.21 192.00 3.66 38.55 35.47 127.96 141.94 25.25 25.82 53.95 4.72 100.00 107.69 15.84 3.00 10.33 49.67 20.06 9.58 8.38 7.04 16.49 1,540 2.46 5.36 4.95 46.62 -1.95 42.47 52.65 79.51 9.81 15.89 3.35 -2.46 29.92 38.05 7.14 23.36 -0.41 99.59 428.57 487.10 116.13 2.33 3.11 5.70 8.03 27.72 31.09 136.36 75.00 11.95 28.53 25.00 143.49 12.57 2.80 1.06 2.27 34.92 786.96 6.85 0.42 8.09 10.25 EXPIRY DATE 20/07/2018 08/06/2016 31/05/2016 30/09/2016 17/06/2019 08/06/2016 18/07/2016 31/05/2016 23/11/2016 30/11/2016 18/12/2018 29/09/2016 24/12/2019 30/09/2016 09/08/2016 03/04/2021 28/10/2016 28/02/2020 09/01/2017 21/12/2018 05/06/2018 29/06/2016 29/06/2016 29/06/2016 28/07/2016 28/07/2016 28/07/2016 30/08/2016 30/08/2016 29/09/2016 29/09/2016 29/09/2016 28/10/2016 28/10/2016 28/10/2016 28/07/2016 28/07/2016 30/08/2016 30/08/2016 29/09/2016 29/09/2016 28/10/2016 11/11/2016 04/11/2019 20/12/2020 22/09/2016 15/03/2021 30/09/2016 18/07/2016 28/10/2016 10/08/2016 31/05/2016 30/09/2016 17/02/2020 16/11/2020 25/02/2020 30/12/2016 24/06/2016 26/04/2017 14/08/2019 06/02/2019 23/12/2021 21/11/2017 18/07/2016 30/09/2016 28/10/2016 31/01/2017 31/01/2017 23/11/2016 28/07/2016 20/10/2023 20/12/2017 26/08/2016 12/03/2024 15/11/2017 21/04/2020 21/01/2020 18/07/2016 31/01/2017 04/10/2020 03/06/2022 26/05/2023 04/09/2020 30/09/2016 16/03/2018 21/02/2020 30/06/2016 29/07/2016 28/11/2016 30/12/2016 30/12/2016 24/03/2020 18/07/2016 15/08/2016 30/12/2016 14/06/2017 31/05/2016 09/07/2019 08/04/2020 09/05/2017 30/11/2016 15/12/2016 08/06/2016 04/07/2016 23/08/2020 27/10/2019 30/09/2016 31/05/2016 08/06/2016 14/09/2018 09/11/2017 17/01/2018 16/03/2020 30/08/2016 10/08/2016 30/08/2016 30/09/2016 29/07/2016 23/11/2016 16/05/2022 09/08/2017 15/12/2020 22/07/2020 20/03/2018 31/05/2016 31/05/2016 30/06/2016 30/09/2016 18/07/2016 20/01/2024 28/02/2022 27/01/2020 30/06/2016 31/10/2016 30/06/2016 Sin clo SIN low ove pa Ma Co Tim 1.3 Tel nes los of wit out ing Sin cor du S$ ter 22 sha fro As dex dro M Bu Ma Y H 0 0 0 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 Markets 2 9 T HURSDAY MAY 5 , 20 16 • T HEED G E FINA NCIA L DA ILY 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 018 016 016 016 019 016 016 016 016 016 018 016 019 016 016 021 016 020 017 018 018 016 016 016 016 016 016 016 016 016 016 016 016 016 016 016 016 016 016 016 016 016 016 019 020 016 021 016 016 016 016 016 016 020 020 020 016 016 017 019 019 021 017 016 016 016 017 017 016 016 023 017 016 024 017 020 020 016 017 020 022 023 020 016 018 020 016 016 016 016 016 020 016 016 016 017 016 019 020 017 016 016 016 016 020 019 016 016 016 018 017 018 020 016 016 016 016 016 016 022 017 020 020 018 016 016 016 016 016 024 022 020 016 016 016 Singapore stocks — Straits Times Index closes 1.36% lower at 2,773.07 points SINGAPORE: Singapore stocks closed lower yesterday, tracking leads from the overnight decline in the United States. Oil prices weakness hurt related companies such as rig builders. Sembcorp Marine fell 3.1% to S$1.59, while Keppel Corp fell 2.8% to S$5.25. As at 5.04pm, the benchmark Straits Times Index was down 38.13 points or 1.36% to 2,773.07, as shares in Singapore Telecommunications Ltd and Oversea-Chinese Banking Corp Ltd (OCBC) extended losses. On the broader market, the volume of shares traded came in at 897.5 million with a total value of S$1.2 billion. Losers outnumbered gainers 276 to 102. Among the actives were Ezra Holdings, Noble Group, Genting Singapore and Singtel. Most large caps declined with little corporate news to drive individual counters during the early session. Singapore Press Holdings fell 3.7% to S$3.92 after going ex-dividend. Wilmar International fell 3.3% to S$3.51 with nearly 22 million shares traded. CIMB downgraded its rating on OCBC shares and cut its target price to S$8.80 from S$10.01. Singapore tracked wider Asian markets where MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.3%. while oil prices dropped for a second day, dragging down energy shares. Activity in China’s factories shrank for the 14th straight month in April as demand stagnated, a private survey showed. Britain’s manufacturing output also unexpectedly shrank last month to its lowest level in three years. Bucking the day’s trend, Apple rose 1.6% to US$95.18, breaking an eight-session streak of losses. US oil prices settled down 2.5% as rising output from the Middle East renewed concerns about global oversupply. The S&P energy index, down 2.2%, led declines in the benchmark index. Still, the recent recovery in oil prices and a softer US dollar have helped the S&P 500 rebound from a steep sell-off earlier this year. The benchmark index is now up about 1% for the year so far. “We had a nice rally on Monday, and in essence we’re peeling that back on Tuesday. The market is stuck in a trading range that is at the intersection of full valuations in US equities and news that has not been necessarily overwhelmingly positive,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in PhiladelUS stocks — Wall Street loses ground phia. on global growth fears, oil slide The Dow Jones Industrial Average closed down 140.25 points or 0.78% to 17,750.91; NEW YORK: US stocks fell on Tuesday af- the S&P 500 lost 18.06 points or 0.87% ter weak economic data in China and Eu- to 2,063.37; and the Nasdaq Composite rope reignited worries about global growth, dropped 54.37 points or 1.13% to 4,763.22. Shanghai Composite FT Straits Times Index points 3600 3300 Uni-Asia Holdings also fell 4% after it said it expects to post a net loss for the first quarter (1Q). Darco Water Tech closed 2.8% higher at 37 Singapore cents after the wastewater management firm said subsidiary PV Vacuum Engineering won four contracts worth a total S$13.1 million to supply and maintain the Pneumatic Waste Conveyance System for domestic waste collection in Singapore. United Food Holdings fell 18% to 8.2 Singapore cents after issuing a loss warning on Tuesday night. The group says it expects to report a loss in 1QFY16 to March. The loss is due to the halt in its soybean production, as well as a gross loss in its animal feed products. Further details will be disclosed when the firm releases its results by May 14. Cacola Furniture International fell 12.5% to 0.7 Singapore cent after announcing on Tuesday it is raising up to S$30.6 million through a rights issue. It has proposed to issue as many as 1.6 billion new shares at 1.9 Singapore cents for each rights share. Under a bonus issue, it will also issue up to 4.8 billion new shares. 2,774.06 -1.37 (-0.05%) 4825 18580 14040 3,087.842 2700 2,773.07 -38.13 (-1.36%) 2400 Mar 1, 2010 May 4, 2016 2875 11770 1900 9500 Mar 1, 2010 May 4, 2016 Bursa Malaysia Equity Derivatives Main Market & Ace Market Warrants YEAR HIGH YEAR LOW DAY HIGH DAY LOW 0.120 0.140 0.775 0.200 2.080 1.110 0.195 0.280 0.130 0.150 0.165 0.195 0.435 0.135 0.095 0.035 0.180 0.085 0.150 0.115 0.065 0.055 0.150 0.160 0.530 0.320 0.465 0.200 0.150 0.160 0.325 0.275 0.145 0.150 0.100 0.140 0.210 1.050 0.280 0.230 0.140 0.195 0.170 0.085 1.140 0.140 0.270 0.245 0.060 0.430 0.765 0.710 0.080 0.005 0.235 0.105 0.705 0.645 0.005 0.020 0.085 0.035 0.075 0.080 0.160 0.055 0.035 0.015 0.005 0.025 0.015 0.070 0.020 0.010 0.080 0.090 0.090 0.080 0.310 0.070 0.105 0.020 0.010 0.070 0.005 0.045 0.030 0.020 0.030 0.300 0.055 0.065 0.040 0.090 0.075 0.070 0.630 0.060 0.035 0.075 0.035 0.135 0.170 0.160 0.080 0.130 0.735 0.190 1.940 0.690 0.005 0.145 0.130 0.055 0.085 0.080 0.410 0.070 0.035 0.025 0.005 0.030 0.035 0.085 0.025 0.015 0.095 0.090 0.260 0.115 0.345 0.125 0.110 0.020 0.015 0.080 0.005 0.050 0.030 0.025 0.065 0.755 0.065 0.145 0.050 0.145 0.125 0.075 0.870 0.090 0.045 0.080 0.035 0.200 0.310 0.225 0.080 0.110 0.720 0.190 1.870 0.650 0.005 0.125 0.100 0.040 0.075 0.080 0.405 0.060 0.035 0.020 0.005 0.025 0.025 0.080 0.025 0.010 0.090 0.090 0.240 0.100 0.310 0.090 0.105 0.020 0.010 0.075 0.005 0.045 0.030 0.020 0.060 0.750 0.060 0.140 0.045 0.145 0.120 0.075 0.855 0.090 0.035 0.080 0.035 0.200 0.290 0.200 CODE 3042CA 8869CL 8869CN 8869CO 8869WC 7088WB 4634CU 4634CV 4634CW 5204CA 5204CC 5204CD 7168WA 7145WA 0007WA 0007WB 6807CH 5256WA 7232WA 5270WA 0133WB 0133WC 5157WA 4731CD 7073WA 0055WA 7246WA 4197C3 4197C6 521815 521816 521817 521818 521821 521822 521824 5218HC 7155WA 0117WA 7143WA 1201WB 5263CA 5263CB 5263CD 5211WA 0148WB 710610 710611 710613 7106C3 7106C5 7106C7 WARRANTS PETRONM-CA PMETAL-CL PMETAL-CN PMETAL-CO PMETAL-WC POHUAT-WB POS-CU POS-CV POS-CW PRESBHD-CA PRESBHD-CC PRESBHD-CD PRG-WA PSIPTEK-WA PUC-WA PUC-WB PUNCAK-CH REACH-WA RESINTC-WA RSENA-WA SANICHI-WB SANICHI-WC SAUDEE-WA SCIENTX-CD SEACERA-WA SERSOL-WA SIGN-WA SIME-C3 SIME-C6 SKPETROC15 SKPETROC16 SKPETROC17 SKPETROC18 SKPETROC21 SKPETROC22 SKPETROC24 SKPETRO-HC SKPRES-WA SMRT-WA STONE-WA SUMATEC-WB SUNCON-CA SUNCON-CB SUNCON-CD SUNWAY-WA SUNZEN-WB SUPERMX-C10 SUPERMX-C11 SUPERMX-C13 SUPERMX-C3 SUPERMX-C5 SUPERMX-C7 CLOSE (RM) +/(RM) 0.080 0.130 0.735 0.190 1.890 0.690 0.005 0.135 0.130 0.040 0.080 0.080 0.405 0.060 0.035 0.025 0.005 0.030 0.035 0.085 0.025 0.015 0.090 0.090 0.255 0.115 0.345 0.125 0.105 0.020 0.015 0.075 0.005 0.045 0.030 0.020 0.060 0.750 0.065 0.145 0.045 0.145 0.125 0.075 0.860 0.090 0.040 0.080 0.035 0.200 0.300 0.225 -0.005 0.025 0.060 0.005 0.030 0.025 Unch -0.005 0.015 -0.110 -0.080 -0.005 Unch -0.015 Unch Unch Unch Unch 0.010 Unch 0.005 Unch Unch -0.015 0.010 0.015 0.025 0.020 -0.015 Unch Unch -0.010 -0.005 -0.105 -0.015 -0.005 0.010 -0.005 0.010 Unch -0.005 -0.010 -0.005 0.005 0.005 Unch 0.005 0.005 -0.005 0.005 0.005 0.025 VOL PARENT EXE (‘000) PRICE PRICE 60 2362.6 40 120 537.5 310.4 50 3306.6 3466.1 15.1 1130 315 247.1 65.1 160.7 641.6 4639.5 2954 5.5 2565.9 100 2547.5 924.3 40 165.5 909.8 1166.2 490 4 732.2 2181 2763.8 100 191 10 6238 290 123 237.1 34.5 515.4 20 50 200 274.4 6 1234.4 28 100 5 1823.1 254.1 PR’M (%) 5.400 6.000 28.89 3.070 2.500 2.61 3.070 1.600 0.00 3.070 2.700 12.70 3.070 1.100 -2.61 1.530 1.000 10.46 2.790 5.500 97.67 2.790 2.770 8.96 2.790 3.000 23.84 2.500 2.680 15.20 2.500 3.000 32.80 2.500 3.000 28.00 1.100 0.750 5.00 0.120 0.100 33.33 0.070 0.100 92.86 0.070 0.100 78.57 1.160 1.767 53.13 0.680 0.750 14.71 0.350 0.500 52.86 0.410 0.500 42.68 0.050 0.100 150.00 0.050 0.100 130.00 0.305 0.500 93.44 12.000 13.000 23.33 0.865 1.000 45.09 0.140 0.180 110.71 1.020 0.970 28.92 7.710 7.900 8.95 7.710 8.000 14.66 1.590 2.200 42.77 1.590 1.800 15.09 1.590 1.700 18.71 1.590 2.000 27.04 1.590 1.980 35.85 1.590 2.080 38.36 1.590 2.100 36.48 1.590 1.700 14.47 1.320 0.550 -1.52 0.190 0.180 28.95 0.355 0.300 25.35 0.115 0.175 91.30 1.600 1.400 5.63 1.600 1.450 10.16 1.600 1.800 24.22 3.130 2.250 -0.64 0.250 0.250 36.00 2.630 3.170 26.62 2.630 3.300 37.64 2.630 4.000 58.75 2.630 2.000 6.46 2.630 2.100 2.66 2.630 2.200 0.76 Index points EXPIRY DATE 15/12/2016 08/06/2016 18/07/2016 15/12/2016 22/08/2019 21/10/2020 31/05/2016 31/10/2016 11/10/2016 30/06/2016 11/11/2016 11/10/2016 06/07/2019 16/11/2019 25/12/2024 15/02/2019 18/07/2016 12/08/2022 29/09/2016 01/12/2023 13/03/2018 24/09/2019 31/03/2021 13/01/2017 16/05/2017 18/04/2023 21/04/2021 30/09/2016 11/11/2016 30/08/2016 31/05/2016 30/09/2016 08/06/2016 28/11/2016 28/11/2016 30/08/2016 31/05/2016 27/06/2017 01/08/2017 21/06/2020 13/11/2018 28/07/2016 07/10/2016 28/10/2016 17/08/2016 25/02/2021 31/10/2016 28/10/2016 31/01/2017 28/10/2016 18/07/2016 31/05/2016 Index points 6290 16310 3850 3000 ASX 200 Dow Jones Index points 2,991.27 5800 Shares in US automakers were mostly lower as stronger-than-expected sales for April were not enough to offset worries that the industry’s recovery is running out of steam. Shares in Ford fell 1.4% to US$13.43. The biggest economic release on the agenda this week is monthly US payrolls, due tomorrow. Last week, US data showed tepid growth in first-quarter gross domestic product and a softening in the US Federal Reserve’s preferred measure of inflation. Besides Apple, some healthcare companies were a bright spot, with Pfizer up 2.7% at US$33.70 after reporting a rise in quarterly revenue and raising its forecasts for the year. Shares in drug maker Mallinckrodt Plc were up 6.8% at US$64.84 following its results, while Mylan was up 2.3% at US$43.69, also after results. About 7.8 billion shares changed hands on US exchanges, compared with the 7.1 billion daily average for the past 20 trading days, according to Thomson Reuters data. Declining issues outnumbered advancing ones on the New York Stock Exchange by 2,286 to 741, for a 3.09-to-1 ratio on the downside; on the Nasdaq, 2,083 issues fell and 738 advanced for a 2.82-to-1 ratio favouring decliners. The S&P 500 posted 13 new 52-week highs and three new lows; the Nasdaq recorded 30 new highs and 47 new lows. — Agencies 5460 10,403.79 17,750.91 4630 -140.25 (-0.78%) 3800 Mar 1, 2010 May 3, 2016 YEAR HIGH YEAR LOW DAY HIGH DAY LOW 0.310 0.235 0.345 0.160 0.560 1.280 0.090 0.125 0.595 0.155 0.200 0.975 2.550 0.025 0.165 0.215 0.260 0.680 0.465 0.885 0.400 0.170 0.080 0.075 0.390 0.070 0.380 0.150 0.085 0.130 0.120 0.075 0.250 0.135 0.160 0.165 0.170 0.245 0.320 0.175 0.150 0.120 0.515 0.165 0.290 0.280 0.345 0.035 0.045 0.025 0.135 0.065 0.110 0.130 0.500 0.260 0.270 0.050 0.030 0.135 0.005 0.250 0.480 0.045 0.030 0.360 0.005 0.150 0.360 0.600 0.005 0.075 0.120 0.105 0.300 0.125 0.100 0.070 0.025 0.005 0.005 0.195 0.005 0.020 0.025 0.050 0.080 0.030 0.005 0.090 0.020 0.040 0.005 0.011 0.022 0.080 0.045 0.025 0.015 0.230 0.100 0.100 0.130 0.015 0.005 0.010 0.015 0.025 0.040 0.025 0.075 0.330 0.070 0.110 0.060 0.040 0.190 0.005 0.320 0.750 0.065 0.070 0.520 0.120 0.155 0.435 1.770 0.010 0.130 0.120 0.225 0.475 0.135 0.100 0.070 0.115 0.020 0.005 0.280 0.005 0.110 0.030 0.050 0.090 0.040 0.005 0.200 0.020 0.070 0.025 0.170 0.245 0.250 0.050 0.025 0.020 0.255 0.100 0.240 0.195 0.015 0.005 0.010 0.015 0.035 0.045 0.080 0.090 0.375 0.120 0.115 0.050 0.035 0.185 0.005 0.250 0.740 0.065 0.070 0.520 0.120 0.155 0.435 1.730 0.010 0.125 0.120 0.215 0.445 0.125 0.100 0.070 0.110 0.010 0.005 0.280 0.005 0.100 0.030 0.050 0.080 0.030 0.005 0.145 0.020 0.055 0.015 0.150 0.230 0.240 0.045 0.025 0.015 0.230 0.100 0.230 0.190 0.015 0.005 0.010 0.015 0.035 0.045 0.070 0.080 0.370 0.120 0.110 CODE 7106C8 7106C9 7082WB 4898CF 8524WB 5191WA 0132WA 534719 534722 534726 534727 7252WA 7034WA 7079WB 486312 486313 0101WB 8397WC 7113CX 7113CY 7113CZ 5054WA 5054WB 0118WA 5401WA 5230CF 514818 514820 514828 4588CW 5243C3 5243CY 7091WA 5005CI 5005CJ 0120WA 0069WB 0069WC 7240WA 6963CA 6963CB 6963CD 6963WA 9679CX 9679WD 9679WE 0141WA 5156WB 5156WC 0095WA 5155WA 0165WA 7020WB 4677C3 6742WB 7028WA 2283WA WARRANTS SUPERMX-C8 SUPERMX-C9 SYF-WB TA-CF TALIWRK-WB TAMBUN-WA TDEX-WA TENAGA-C19 TENAGA-C22 TENAGA-C26 TENAGA-C27 TEOSENG-WA TGUAN-WA TIGER-WB TM-C12 TM-C13 TMCLIFE-WB TNLOGIS-WC TOPGLOV-CX TOPGLOV-CY TOPGLOV-CZ TRC-WA TRC-WB TRIVE-WA TROP-WA TUNEPRO-CF UEMS-C18 UEMS-C20 UEMS-C28 UMW-CW UMWOG-C3 UMWOG-CY UNIMECH-WA UNISEM-CI UNISEM-CJ VIS-WA VIVOCOM-WB VIVOCOM-WC VOIR-WA VS-CA VS-CB VS-CD VS-WA WCT-CX WCT-WD WCT-WE WINTONI-WA XDL-WB XDL-WC XINGHE-WA XINQUAN-WA XOX-WA YKGI-WB YTL-C3 YTLPOWR-WB ZECON-WA ZELAN-WA 5,271.137 -82.703 (-1.54%) 4,686.53 Mar 1, 2010 CLOSE (RM) +/(RM) 0.055 0.035 0.190 0.005 0.255 0.740 0.065 0.070 0.520 0.120 0.155 0.435 1.760 0.010 0.130 0.120 0.220 0.475 0.125 0.100 0.070 0.110 0.020 0.005 0.280 0.005 0.110 0.030 0.050 0.090 0.035 0.005 0.145 0.020 0.070 0.020 0.165 0.245 0.250 0.045 0.025 0.020 0.255 0.100 0.235 0.190 0.015 0.005 0.010 0.015 0.035 0.045 0.075 0.090 0.375 0.120 0.115 Unch Unch 0.005 -0.005 Unch -0.070 Unch -0.005 -0.010 -0.005 -0.005 Unch Unch -0.005 -0.005 -0.010 0.010 0.025 -0.005 Unch Unch Unch Unch -0.005 Unch Unch 0.005 Unch Unch -0.015 -0.005 -0.005 0.010 Unch 0.015 -0.005 0.010 0.010 0.010 -0.005 -0.005 Unch 0.010 -0.020 -0.005 -0.005 Unch Unch Unch Unch 0.010 0.005 -0.010 0.015 0.005 0.020 Unch May 4, 2016 VOL PARENT EXE (‘000) PRICE PRICE 875 408.4 963.9 931.6 92.7 15 20 50 170 45.1 4.3 10 122.2 1266 10 100 292.5 55.1 346.8 210 100 275 410.4 10 10 788 470 766 60 188 678.4 230 0.3 250 64 550 35863.6 16284.6 42.6 358.1 910 6671.9 1997.2 0.3 204.9 1864.5 220 797.2 714 2600 0.1 187.2 2050.9 549.9 33.4 0.1 120 2.630 2.630 0.570 0.550 1.320 1.400 0.120 14.080 14.080 14.080 14.080 0.435 3.140 0.050 6.650 6.650 0.785 1.250 4.930 4.930 4.930 0.455 0.455 0.035 1.000 1.380 1.020 1.020 1.020 6.450 0.915 0.915 1.290 2.200 2.200 0.185 0.345 0.345 0.750 1.210 1.210 1.210 1.210 1.670 1.670 1.670 0.025 0.045 0.045 0.050 0.290 0.125 0.250 1.570 1.480 0.745 0.210 Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants 3.000 3.300 0.700 0.700 1.700 0.600 0.110 13.500 10.500 12.880 13.700 1.350 1.500 0.170 6.500 7.000 0.750 1.000 4.625 5.250 6.900 0.500 0.610 0.100 1.000 1.750 0.930 1.000 1.050 7.000 1.070 1.600 1.500 2.400 2.050 0.250 0.240 0.100 0.500 1.380 1.480 1.600 1.650 1.600 1.710 2.080 0.100 0.180 0.115 0.100 1.000 0.200 0.500 1.550 1.140 1.060 0.250 PR’M (%) 22.43 31.46 56.14 27.95 48.11 -4.29 45.83 1.85 0.43 4.26 7.76 310.34 3.82 260.00 3.61 11.58 23.57 18.00 9.03 11.56 48.48 34.07 38.46 200.00 28.00 27.90 7.35 6.86 17.65 15.50 22.68 76.50 27.52 12.73 5.91 45.95 17.39 0.00 0.00 25.21 28.51 37.85 57.44 7.78 16.47 35.93 360.00 311.11 177.78 130.00 256.90 96.00 130.00 10.19 2.36 58.39 73.81 EXPIRY DATE 25/08/2016 29/07/2016 11/11/2019 08/06/2016 11/11/2018 30/05/2017 21/09/2018 08/06/2016 30/09/2016 30/08/2016 30/08/2016 29/01/2020 09/10/2019 23/12/2018 30/11/2016 28/10/2016 21/06/2019 26/12/2018 10/08/2016 31/05/2016 28/10/2016 20/01/2017 14/07/2016 06/01/2017 06/12/2019 08/06/2016 30/08/2016 18/07/2016 28/11/2016 31/01/2017 31/10/2016 29/07/2016 18/09/2018 08/06/2016 29/07/2016 01/09/2016 07/09/2018 22/01/2020 31/03/2024 28/10/2016 28/10/2016 29/07/2016 06/01/2019 30/12/2016 11/12/2017 27/08/2020 23/02/2019 22/01/2017 02/07/2018 22/03/2019 24/06/2019 10/02/2019 28/05/2020 28/11/2016 11/06/2018 03/03/2017 25/01/2019 30 Markets T HU R SDAY M AY 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY INSIDER MOVES . TRADING THEMES . EVENTS . FOREX Trading themes Insider moves (Filings on May 3, 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 SHARES ACQUIRED (DISPOSED) ALLIANCE FINANCIAL GROUP BERJAYA AUTO BUMI ARMADA CAHYA MATA SARAWAK DIGI.COM ECOFIRST CONSOLIDATED HONG LEONG BANK IGB REAL ESTATE INVEST TRUST (1,372,000) 471,900 (2,644,200) 1,754,100 3,389,500 300,000 439,000 (5,090,500) IGB REAL ESTATE INVEST TRUST IHH HEALTHCARE IJM CORPORATION INARI AMERTRON IOI CORPORATION KPJ HEALTHCARE MALAKOFF CORPORATION MALAYAN BANKING MAXIS MISC MMAG HOLDINGS MY E.G. SERVICES 300,000 (2,130,000) 2,000,000 593,800 (1,500,000) 1,000,000 (1,533,500) (418,700) 2,613,900 947,300 1,669,000 (7,019,400) PAVILION REAL ESTATE TRUST PETALING TIN (261,000) (107,146,552) PETRONAS GAS POS MALAYSIA (442,000) (579,900) PUBLIC BANK REACH ENERGY (1,284,500) 1,098,000 SAPURAKENCANA PETROLEUM SAUDEE GROUP (1,300,000) 2,783,800 SPRING GALLERY STERLING PROGRESS SYARIKAT TAKAFUL MALAYSIA TAMBUN INDAH LAND TELEKOM MALAYSIA (5,044,100) 2,126,000 317,000 (218,700) 5,134,200 DIRECTOR/SUBSTANTIAL SHAREHOLDER SHARES HELD AFTER CHANGE TRANSACTION DATE EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD DATO’ TEOH SENG KIAN EMPLOYEES PROVIDENT FUND BOARD KUMPULAN WANG PERSARAAN (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD EMPLOYEES PROVIDENT FUND BOARD FIRSTWIDE SUCCESS KUMPULAN WANG PERSARAAN (DIPERBADANKAN) EMPLOYEES PROVIDENT FUND BOARD EMDEN INVESTMENT LTD. VIRGIN ISLANDS, BRITISH EMPLOYEES PROVIDENT FUND BOARD MITSUBISHI UFJ FINANCIAL GROUP INC. (JAPAN) EMPLOYEES PROVIDENT FUND BOARD CREDIT SUISSE SECURITIES (EUROPE) LTD. UK EMPLOYEES PROVIDENT FUND BOARD KHOO LAY TATT 245,764,640 111,103,120 419,787,000 119,116,727 955,958,676 106,738,732 289,080,571 203,835,900 27/4 27/4 27/4 26 & 27/4 27/4 29/4 27/4 11 - 13 15, 18 & 19/4 27/4 27/4 27/4 27/4 27/4 27/4 27/4 27/4 25 & 27/4 19 & 20/4 29/4 12 - 14 & 19/4 27/4 28/4 241,240,313 724,627,200 477,608,278 76,497,327 455,501,573 128,081,695 804,282,533 1,416,437,183 619,688,534 305,977,511 162,491,124 142,479,700 190,844,503 225,690,500 38,990,524 27/4 26/4 517,044,868 72,003,500 27/4 26/4 853,418,600 2,783,800 27/4 28, 29/4 & 3/5 26/4 29/4 27/4 27/4 25 - 27/4 Organisation for Economic Co-operation and Development (OECD) economy INNOFARM 15,352,400 FNS AVENUE 62,112,200 EMPLOYEES PROVIDENT FUND BOARD 87,224,300 EMPLOYEES PROVIDENT FUND BOARD 21,556,700 AMANAHRAYA TRUSTEES 506,806,095 - SKIM AMANAH SAHAM BUMIPUTERA UMW OIL & GAS CORPORATION (946,800) EMPLOYEES PROVIDENT FUND BOARD 129,151,800 27/4 UZMA (1,707,700) KUMPULAN WANG PERSARAAN 19,288,600 11, 13 (DIPERBADANKAN) & 14/4 WCT HOLDINGS 239,900 EMPLOYEES PROVIDENT FUND BOARD 92,133,880 27/4 YNH PROPERTY 2,376,629 MITSUBISHI UFJ FINANCIAL GROUP INC. 61,941,311 26/4 (JAPAN) YNH PROPERTY 473,300 CHING NYE MI 5,709,651 3/5 YTL CORPORATION 5,188,500 EMPLOYEES PROVIDENT FUND BOARD 724,453,647 27/4 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 • Malaysia Building Society Bhd annual general meeting (AGM) at Grand Nexus, Level 3A, Connexion@Nexus, No 7 Jalan Kerinchi, Bangsar South City, Kuala Lumpur at10am. • Official launch of the All-New Caltex with Techron® fuel offering at Lagoon 1, Level 15, Sunway Hotel & Spa, Persiaran Lagoon, Bandar Sunway, Selangor at 10am. • LG Information Display Tech Seminar showcases world class commercial technology at Petaling Jaya 8 building, Jalan Barat, Seksyen 8, Petaling Jaya, Selangor at 10am. • Grab launches new service at The Penthouse, Damansara Uptown, Petaling Jaya, Selangor at 10am. • Globetronics Technology Bhd AGM at Merbah Room, Lower Level, Hotel Equatorial Penang, No 1 Jalan Bukit Jambul, Bayan Lepas, Penang at 10.30am. • Three-A Resources Bhd AGM at Ballroom Level 1, Tropicana Golf & Country Resort, Petaling Jaya, Selangor at 11am. • UMW Toyota Motor will be introducing the All-New Hilux and All-New Fortuner at Setia City Convention Centre, Jalan Setia Dagang AG U13/AG, Setia Alam, Shah Alam at 11am. Stocks closest to year high • RHB Launches All New RHB NOW Mobile HIGH LOW CLOSE VOLUME Banking App at LOL @ Livehouse Kuala STOCK (RM) (RM) (RM) ('000) Lumpur E-G-07, Electric Boulevard, TREC KULIM 4.040 4.000 4.000 10011 (Next to Zouk), Lot 434, Jalan Tun Razak, FBMKLCI-H65 0.195 0.175 0.175 268 Kuala Lumpur at 2pm. FBMKLCI-H63 0.115 0.100 0.105 428 0.460 0.430 0.440 4212.7 • GoBear enables individuals to make the MYCRON 0.210 0.175 0.175 1047 best financial decisions quickly and eas- FBMKLCI-H61 M3TECH 0.210 0.190 0.200 5198.1 ily, better and smarter. Official launch of VIVOCOM 0.345 0.330 0.345 54321.9 GoBear.com Malaysia at Talent Lounge, MINETEC-WA 0.050 0.030 0.045 64469.8 Menara Mustapha Kamal, Level G-01- VIVOCOM-WB 0.170 0.150 0.165 35863.6 01, Block A, Petaling Jaya Trade Centre, HSI-H45 1.460 1.460 1.460 10.1 Damansara Perdana, Selangor at 2.30pm. This table shows stocks that are trading near their year high. This could suggest a build-up in buying momentum, or the possibility that profit-taking activities could set in later. Stocks closest to year low STOCK MAXWELL FGV-C8 FBMKLCI-C60 CMSB MISC-C2 FBMKLCI-C46 SANICHI FBMKLCI-C34 FBMKLCI-C48 MAGNUM HIGH (RM) LOW (RM) CLOSE (RM) VOLUME ('000) 0.035 0.050 0.110 3.930 0.085 0.225 0.050 0.045 0.115 2.420 0.020 0.050 0.100 3.730 0.080 0.190 0.040 0.030 0.090 2.390 0.025 0.050 0.110 3.810 0.080 0.225 0.050 0.045 0.110 2.400 9659.2 50 35 9673.6 390 136.5 2040.3 7981.4 6164.8 989 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 0.600 1.666 US SWISS BRIT CANADA BRUNEI S’PORE AUST M’SIA CHINA BANGL’H DENM’K UAE 0.935 0.936 0.922 2.7577 4.487 54.050 4.466 2.535 9,141 45.946 73.613 5.601 32.600 2.513 2.589 5.559 24.215 5.357 1.466 1.558 1.559 1.536 4.5943 7.476 90.046 7.440 4.224 15,228 76.545 122.639 9.330 54.312 4.186 4.313 9.261 40.342 8.925 7.761 STERLING £ 2.102 1.262 1.451 1.386 CANADA $ 1.136 0.682 0.784 0.749 0.541 BRUNEI $ 1.069 0.642 0.738 0.705 0.509 0.941 SINGAPORE $ 1.069 0.641 0.738 0.705 0.508 0.940 1.000 AUSTRALIA $ 1.085 0.651 0.749 0.715 0.516 0.955 1.015 1.015 MALAYSIA RM 0.363 0.218 0.250 0.239 0.173 0.319 0.339 0.339 0.334 22.285 13.376 15.383 14.695 10.602 19.610 20.847 20.853 20.543 61.4550 1.850 1.111 1.277 1.220 0.880 1.628 1.731 1.731 1.706 5.1022 8.302 100 DANISH KRONER 22.391 13.440 15.456 14.766 10.653 19.704 20.946 20.953 20.641 61.7480 100.48 100 UAE DIRHAM 39.445 23.677 27.229 26.012 18.767 34.711 36.900 36.912 36.363 108.7785 177.01 2,132 176.17 1000 INA RUPIAH 0.109 0.066 0.076 0.072 0.052 0.096 0.102 0.102 0.101 0.3017 0.491 5.913 0.489 0.277 100 INDIA RUPEE 2.176 1.306 1.502 1.435 1.036 1.915 2.036 2.037 2.006 6.0021 9.767 117.638 9.720 5.518 0.955 0.689 1.275 1.355 1.356 1.335 3.9950 6.501 78.300 6.470 3.673 13,242 66.560 106.641 8.113 47.227 3.640 3.750 8.053 35.080 0.721 1.334 1.419 1.419 1.398 4.1819 6.805 81.963 6.773 3.844 13,861 69.674 111.630 8.493 49.437 3.810 3.926 8.430 36.721 8.124 1.850 1.966 1.967 1.938 5.7963 9.432 113.605 9.387 5.329 19,212 96.571 154.725 11.772 68.521 5.281 5.441 11.684 50.897 11.260 1.063 1.063 1.048 3.1338 5.099 61.421 5.075 2.881 10,387 52.212 83.653 6.364 37.046 2.855 2.942 6.317 27.518 6.088 1.000 0.985 2.9479 4.797 57.777 4.774 2.710 9,771 49.114 78.690 5.987 34.849 2.686 2.767 5.942 25.885 5.727 0.985 2.9470 4.795 57.760 4.773 2.709 9,768 49.099 78.666 5.985 34.838 2.685 2.766 5.940 25.877 5.725 2.9915 4.868 58.632 4.845 2.750 9,915 49.841 79.854 6.075 35.364 2.726 2.808 6.030 26.268 5.811 1.0000 1.627 19.600 1.619 0.919 3,315 16.661 26.694 2.031 11.822 0.911 0.939 2.016 8.781 1.943 1,204 99.525 56.496 1,640 124.807 726.496 55.996 57.688 123.876 539.633 119.383 8.263 4.690 16,911 85.006 136.196 10.362 60.316 4.649 4.789 10.285 44.802 9.912 56.765 204,667 1,028.77 1,648 125.40 729.96 56.26 57.96 124.47 542.21 119.95 1,812 2,904 220.91 1,286 99.12 102.11 219.27 955.18 211.31 5.027 8.053 0.613 3.567 0.275 0.283 0.608 2.649 0.586 160.218 12.189 70.954 5.469 5.634 12.099 52.704 11.660 1,210 203,696 1,023.892 360,552 19,894 1.358 0.815 0.938 0.896 0.646 1.195 1.271 1.271 1.252 3.7462 6.096 73.424 6.067 3.444 12,417 62.415 17.855 10.718 12.325 11.775 8.495 15.713 16.703 16.709 16.460 49.2400 80.124 965 79.743 45.266 163,208 820.380 1,314 2.828 3.067 1.841 2.117 2.023 1.459 2.699 2.870 2.870 39.798 23.888 27.472 26.244 18.934 35.021 37.230 37.241 7.608 8.4591 13.765 165.794 13.699 7.776 28,038 140.936 225.805 17.179 36.687 109.7497 178.585 2,151 177.738 100.893 363,771 1,829 2,930 222.887 44.286 3.413 3.517 7.551 32.895 7.277 582.095 44.866 46.222 99.254 432.374 95.654 7.708 1,297 7.941 17.051 74.279 16.433 103.022 221.225 963.706 213.201 935.438 206.948 435.623 96.373 100 SAUDI RIYAL 38.630 23.188 26.666 25.474 18.379 33.994 36.138 36.149 35.611 106.5305 173.347 2,088 172.525 97.933 353,101 1,775 2,844 216.350 1,259 97.067 100 SWEDISH KRONOR 17.990 10.798 12.418 11.863 8.559 15.831 16.829 16.834 16.584 49.6100 80.726 972.331 80.343 45.606 164,435 826.544 1,324 100.751 586.469 45.203 46.569 4.130 2.479 2.851 2.723 1.965 3.634 3.863 3.864 3.807 11.3883 18.531 223.205 18.443 10.469 37,747 189.739 303.996 23.128 134.628 10.377 10.690 22.956 18.667 11.205 12.885 12.309 8.881 16.426 17.462 17.468 17.208 51.4770 83.764 1,008.923 83.366 47.323 170,623 857.650 1,374 104.543 608.540 46.904 48.321 103.763 100 HK$ HK 0.880 1.047 100 THAI BAHT THAI 0.793 0.870 100 PHILIPPINE PESO SAUDI SWEDEN 0.476 0.910 100 QATAR RIYAL QATAR 1.099 1.449 100 NORWEGIAN KRONER PHIL 0.659 1.516 100 JAPAN YEN JAPAN NORWAY 1.150 US $ 100 BANGLAD’H TAKA INDIA 0.690 SWISS FR 100 CHINESE RMB INA 214.736 22.123 452.017 Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters. Markets 3 1 THU RSDAY MAY 5 , 20 16 • T HEED G E FINA NCIA L DA ILY FUTURES . MONEY MARKET . COMMODITIES Money market Index futures Long Rolls - KLCI futures FKLI Index points 1980 Open Interest 1,647.00 90000 (+5.00) Index points -5.00 18.00 US Dollar Klibor USD Index Implied interest rate (%) 102.00 (+0.50) 4.5 93.069 3.65 (+0.125) 1790 68000 4.75 94.25 1600 46000 -8.50 86.50 1410 24000 -21.75 78.75 2000 -35.00 (Unch) 3.5 1220 Jan 4, 2010 May 4, 2016 2.5 71.00 Jan 4, 2010 FBM KLCI futures higher in tandem with cash market May 4, 2016 FBM KLCI futures INDEX AND FUTURES CONTRACT LAST CHANGE VOLUME OPEN CHANGE IN INTEREST OPEN INTEREST The FBM KLCI futures contract on Bursa Ma- FBMKLCI 1,657.58 6.14 148.6M 1,647.00 5.00 11,322 1,030 1,479 laysia Derivatives ended higher yesterday in MAY 16 1,642.00 6.00 441 167 28 tandem with the performance of the un- JUN 16 SEP 16 1,633.00 6.00 50 8 4 derlying cash market. The benchmark FBM DEC 16 1,622.00 4.50 21 12 UNCH KLCI closed 61.4 points higher at 1,657.58. TOTAL 11,834 1,217 1,511 Spot contract May 2016 added five points BID OFFER CLOSE to 1,647; June 2016 and September 2016 each FUTURES ROLL OVER -4.5 -5.0 -5.0 rose six points to 1,642 and 1,633 respectively; MAY/JUN and December 2016 increased 4.5 points to FUTURES FAIR VALUE CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE 1,620. 16 28 4.12 5.83 -1.71 Turnover rose to 11,834 lots from 8,926 MAY JUN 16 58 8.69 12.55 -3.86 lots on Tuesday, while open interests in- ROLL’S FAIR -2.15 creased to 44,254 contracts from 40,204 contracts previously. Most Southeast Asian stocks recouped early losses yesterday with the Philippine index posting its first gain in nine sessions while InThe Philippine Stock Index rose 0.5%, redonesian shares recovered from an initial fall bounding from a 2.9% drop in the last eight following the release of economic growth data. sessions. — Agencies Commodities CPO vs Soyoil Open Interest 4200 200000 3450 2700 1950 2,616 1200 Jan 6, 2008 May 4, 2016 Respite for the US dollar after euro, yen retreat The yen and the euro both retreated from long-term highs against the US dollar yesterday as markets looked to a series of US jobs releases due by the end of the week for fresh direction. The US dollar gained 0.2% to ¥106.75, off earlier highs. It was up marginally on the day at US$1.1491 per euro, compared with Tuesday’s low of US$1.1616. The greenback hit an almost 19-month low of ¥105.55 overnight, having hit its weakest against the euro since last August on Tuesday. Measuring by the trade-weighted index used by the European Central Bank, the euro rose on Tuesday past levels around 96 assumed by the bank in its last forecasts, spurring speculation that officials may seek to talk the currency down. — Reuters 1.5 Oct 1, 2000 May 4, 2016 Klibor MONTH SETTLEMENT PRICE MAY6 JUN6 JUL6 SEP6 DEC6 MAR7 JUN7 SEP7 DEC7 MAR8 JUN8 SEP8 DEC8 MAR9 JUN9 SEP9 DEC9 MAR0 JUN0 SEP0 DEC0 MAR1 TOTAL CHANGE 96.32 96.35 96.35 96.35 96.35 96.35 96.30 96.26 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 96.21 — — — — — — — — — — — — — — — — — — — — — — VOLUME OPEN INTEREST — — — — — — — — — — — — — — — — — — — — — — 0 — — — — — — — — — — — — — — — — — — — — — — 0 CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation. CPO & Open Interest CPO RM/tonne Oct 2, 2006 (+77) Crude Oil Gold CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz 6400 2,888 0.7300 155.00 1980 (RM0.3286/tonne) 43.78 1660 152500 5100 0.5475 121.25 105000 3800 0.3650 87.50 1340 57500 2500 0.1825 53.75 1020 10000 May 4, 2016 Biggest jump for palm in nearly 5 months on short covering (+77) Jan 6, 2008 0.0000 May 4, 2016 CPO futures CONTRACT MAY-16 JUN-16 JUL-16 AUG-16 SEP-16 LAST 2,587 2,615 2,616 2,603 2,586 CHANGE 67 76 77 73 72 VOLUME OPEN CHANGE IN INTEREST OPEN INTEREST 192 3,328 3,201 28,111 34,479 114,272 11,434 50,608 8,262 52,041 1,278.60 (-13.20) 2,616 1200 (+0.13) -135 -783 1,087 1,232 570 Malaysian palm oil futures rose yesterday, marking their sharpest jump in nearly five months, as traders covered short positions CPO/SOYOIL after four sessions of losses and as the ringgit CPO FUTURES INDICATIVE ROLL-OVER FUTURES BASIS (USD) sunk to its weakest in five weeks. CURRENT -62.53 MAY/JUN -28 The palm oil contract for July delivery on MAY/JUL 3 MONTHS AVERAGE -69.21 -29 Bursa Malaysia Derivatives was 3% or RM77 MAY/AUG 6 MONTHS AVERAGE -83.35 -16 higher at RM2,616 per tonne by the close of JUN/JUL -1 trade. SGS & ITS EXPORT ESTIMATES (TONNES) FEB’16 MAR’16 APR’16 Traded volumes were 68,084 lots of 25 SHIPMENT DAYS 197/250 308/328 305/321 tonnes each at the end of the trading day, 1 - 10TH DAYS 420/408 416/451 500/484 higher than the 2015 daily average of 44,600. 1- 15TH DAYS DAYS 582/595 718/713 724/738 Palm oil lost 4.8% last month, weighed 11 -- 20TH 25TH DAYS 781/788 883/887 883/890 down by poor export demand, and hit a near FULL MONTH 956/943 1,168/1,175 1,088/1,109 two-month low in the previous session. MALAYSIAN PALM OIL BOARD DEC’15 JAN’16 FEB’16 MAR’16 “The market was earlier oversold, and the 1,399 1,130 1,043 1,220 weak ringgit triggered covering and techni- PRODUCTION 1,483 1,279 1,085 1,334 cal buying as prices moved above RM2,600,” EXPORT STOCKS 2,631 2,308 2,169 1,885 said a trader from Kuala Lumpur. MPOB Palm oil physical A weaker ringgit, the currency palm oil is MAY’2016 JUN’2016 JUL’2016 traded in, usually supports palm by making (IN RM/TON) CPO DELD 2,576 2,560 2,550 it cheaper for foreign currency holders. PK EX-MILL 2,260 2,240 2,230 The ringgit fell 1.5% against the US dollar CPKO DELD 4,745 4,745 4,721 yesterday, settling at 3.9860 in the evening RBD P.OIL FOB 2,740 2,721 2,669 after earlier reaching 3.9900. RBD P.OLEIN FOB 2,769 2,757 2,730 2,468 2,453 2,433 In competing oils, the September soy- RBD P.STEARIN FOB bean oil contract on the Dalian Commodity MPOB FFB REF PRICE (MILL GATE PRICE) GRADE A GRADE B GRADE C Exchange rose 0.6%, while the May Chicago REGION OER (RM/TON) OER(RM/TON) OER (RM/TON) Board of Trade soyoil contract gained 1.5%. NORTH 20.00% 567 19.00% 542 18.00% 517 The offer price for crude palm kernel oil SOUTH 20.00% 571 19.00% 546 18.00% 521 20.00% 570 19.00% 545 18.00% 519 stood at RM4,861.17 per tonne in the evening, CENTRAL according to price assessments by Thomson EAST COAST 20.00% 567 19.00% 542 18.00% 517 SABAH 22.00% 550 21.00% 527 20.00% 504 Reuters. — Reuters SARAWAK 22.00% 559 21.00% 534 20.00% 511 20.00 Apr 10, 2007 700 May 4, 2016 Oil rises above US$45 after slide, and Canada wildfire Oil rose above US$45 a barrel yesterday as reduced production in Canada’s oil sands region due to a wildfire pushed aside concern about excess global supplies and expectations of rising US crude inventories. The Canadian province of Alberta was evacuating the entire population of Fort McMurray, where a wildfire was taking hold in the heart of the country’s oil sands region, prompting some companies to cut output. Brent crude futures was up 11 US cents at US$45.08 . It reached a 2016 high of US$48.50 last Friday, but settled lower on that day and fell again on Monday and Tuesday. Meanwhile, US crude futures was up 13 US cents at US$43.78. “Oil prices could receive support from the wildfires in the Canadian oil province of Alberta,” said Carsten Fritsch, analyst at Commerzbank. — Reuters Centrifuged Latex Aug 31, 2008 Commodities AGRICULTURE UNIT EXCHANGE RM/TON SEN/KG USC/BSH USC/BSH USC/BSH USC/IBS US$/TON USC/IBS USC/IBS USC/IBS MDEX MRB CBOT CBOT CBOT CME NYBOT NYBOT NYBOT NYC 2,616 579.00 373.25 1,020.00 460.75 114.35 3,162 119.65 16.54 62.53 77 8.50 -5.00 -1.50 1.00 0.625 -43 0.40 0.01 -0.53 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 17,400 2.22 1,278.60 1,056.80 597.85 17.24 12,475 14,925 100 -0.048 -13.20 -14.80 -12.00 -0.24 -260 -335 LIGHT CRUDE OIL US$/BBL HEATING OIL USC/GAL NATURAL GAS US$/MMBTU BRENT CRUDE US$/BBL GAS OIL US$/TON NYMEX NYMEX NYMEX ICE ICE CRUDE PALM OIL RUBBER CORN SOYBEANS WHEAT LIVE CATTLE COCOA COFFEE SUGAR COTTON METAL & PRECIOUS METALS TIN COPPER GOLD PLATINUM PALLADIUM SILVER ALUMINIUM ZINC ENERGY 43.78 0.13 1.3501 0.0064 2.233 -0.021 45.08 0.11 397.75 3.75 Sen/Kg 1100 1700 900 1325 509.00 950 (+3.00) 500 579.00 (+8.50) 575 300 Jan 7, 2007 LAST PRICE CHANGE Rubber - M’sia SMR 20 Sen/Kg 700 May 4, 2016 200 May 4, 2016 Jan 7, 2007 May 4, 2016 Markets 32 T HU R SDAY M AY 5 , 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] 1,657.58 6.14 5,656.25 37.61 2,773.07 38.13 16,147.38 518.67 20,525.83 STOCK Index point 1,657.58 (+6.14) KL Composite Index KLCI futures 1,647.00 (+5.00) 8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15 Daily FBM KLCI Moving average - 20-day KL Composite Index 1950.0 MINETEC-WA MINETEC RA RGB MAXWELL-WA KULIM GBGAQRS-WA CAP CMSB MAXWELL FBMKLCI-C34 SGB-PA VS-CD FBMKLCI-C54 FBMKLCI-C48 MUIIND VOLUME ('000) CHANGE (%) CHANGE (RM) CLOSE (RM) HIGH (RM) LOW (RM) 64,470 23,539 16,177 16,036 12,761 10,011 9,818 9,786 9,674 9,659 7,981 6,861 6,672 6,273 6,165 5,670 28.57 10.53 100.00 0.00 100.00 0.76 40.74 -7.69 1.60 -28.57 0.00 8.33 0.00 -4.35 0.00 0.00 0.010 0.010 0.005 0.000 0.005 0.030 0.055 -0.005 0.060 -0.010 0.000 0.005 0.000 -0.005 0.000 0.000 0.045 0.105 0.010 0.155 0.010 4.000 0.190 0.060 3.810 0.025 0.045 0.065 0.020 0.110 0.110 0.175 0.050 0.105 0.010 0.160 0.010 4.040 0.190 0.060 3.930 0.035 0.045 0.065 0.020 0.110 0.115 0.180 0.030 0.090 0.005 0.150 0.005 4.000 0.140 0.055 3.730 0.020 0.030 0.060 0.015 0.100 0.090 0.170 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. 1,657.58 (+6.14) 1667.5 1385.0 Jan 2, 2008 May 4, 2016 900 600 300 0 Volume (’mil) FBM KLCI futures CONTRACT SETTLEMENT CHANGE HIGH LOW MAY 16 JUN 16 SEP 16 1,647.00 1,642.00 1,633.00 5.00 6.00 6.00 1,655.50 1,650.00 1,638.50 1,629.00 1,624.50 1,616.50 KLCI POINTS CHANGE (RM) CLOSE (RM) VOLUME ('000) 2.36 2.22 2.06 1.83 1.07 1.00 0.73 0.36 -0.18 -0.25 -0.26 -0.36 -0.40 -0.45 -0.51 -3.96 5.26 0.88 6.14 0.360 0.160 0.140 3.800 0.100 0.100 0.200 0.070 -0.060 -0.040 -0.050 -0.200 -0.030 -0.030 -0.050 -0.240 18.920 6.560 4.680 46.800 7.710 4.540 13.400 4.550 7.240 6.650 5.950 23.180 6.640 5.570 1.590 8.540 3350.1 10165.2 7905.4 1589.7 1735.8 3108.3 578.5 1440.9 1219.6 2909.0 646.5 1669.2 5168.1 12055.6 51628.1 13668.9 FBM KLCI sensitivity* PUBLIC BANK IHH HEALTHCARE CIMB GROUP BRITISH AMERICAN TOBACCO SIME DARBY GENTING MALAYSIA HONG LEONG BANK AMMB HOLDINGS KLCC PROP REIT TELEKOM MALAYSIA RHB CAPITAL K.LUMPUR KEPONG PETRONAS CHEMICAL AXIATA GROUP SAPURA-KENCANA MAYBANK SUB-TOTAL OTHERS GRAND TOTAL * How stock price changes affected the index on the previous trading day TURNOVER (‘000) CHANGE (RM) CHANGE (%) PRICE (RM) PE RATIO DIVIDEND YIELD (%) 64,469.8 54,719.7 54,321.9 51,628.1 47,346.4 43,188.5 40,745.1 37,203.4 35,863.6 23,539.2 18,749.8 17,573.1 16,545.6 16,284.6 16,176.9 16,040.5 16,035.9 16,027.7 15,770.4 15,547.5 0.010 0.020 0.005 -0.050 UNCH 0.015 -0.010 0.040 0.010 0.010 -0.035 0.010 0.270 0.010 0.005 UNCH UNCH UNCH 0.010 0.010 28.57 10.00 1.47 -3.05 UNCH 4.55 -1.53 2.09 6.45 10.53 -11.29 100.00 8.33 4.26 100.00 UNCH UNCH UNCH 4.26 2.74 0.045 0.220 0.345 1.590 0.005 0.345 0.645 1.950 0.165 0.105 0.275 0.020 3.510 0.245 0.010 0.465 0.155 14.080 0.245 0.375 — — 80.95 — — — — 9.86 — — — — 12.78 — — 15.66 9.28 16.19 — — 0.00 0.00 0.00 1.23 0.00 0.00 0.00 2.09 0.00 0.00 0.00 0.00 3.40 0.00 0.00 0.00 3.23 2.06 0.00 2.74 Top gainers and losers (ranked by RM) BAT PANAMY UTDPLT PBBANK BKAWAN AJI GTRONIC HSI-H45 LAFMSIA HLBANK IHH CIMB 1102.5 820.0 MINETEC-WA AAX-WA VIVOCOM SKPETRO SONA-WA AAX SGB AIRASIA VIVOCOM-WB MINETEC HSI-C20 GTRONIC-CG GTRONIC VIVOCOM-WC RA KNM RGB TENAGA VIVOCOM-WD BJCORP UP FBM KLCI rises on bargain hunting 1,704.89 140.25 Daily top 20 active stocks UNUSUAL MARKET ACTIVITIES FBM KLCI & KLCI futures intraday 17,750.91 Market movers The most effective way to do it, is to do it. — Amelia Earhart 1659 1656 1653 1650 1647 1644 1641 1638 1635 1632 1629 151.11 CLOSE CHANGE (RM) DOWN 46.800 29.200 26.500 18.920 17.900 11.980 3.510 1.460 8.580 13.400 6.560 4.680 3.800 0.700 0.500 0.360 0.300 0.280 0.270 0.220 0.220 0.200 0.160 0.140 NESTLE F&N SCIENTX TIMECOM KLK KAWAN-WA TASEK ECOWLD-CE SCC CARING KAREX CARLSBG 0.020 0.035 0.060 0.015 0.015 0.015 0.190 0.035 0.035 0.055 100.00 75.00 71.43 50.00 50.00 50.00 40.74 40.00 40.00 37.50 CLOSE CHANGE (RM) 74.500 22.180 12.000 7.240 23.180 2.170 15.360 0.030 2.100 1.650 2.440 12.600 -0.400 -0.220 -0.220 -0.210 -0.200 -0.190 -0.180 -0.165 -0.140 -0.140 -0.130 -0.120 0.045 0.005 0.075 0.005 0.005 0.080 0.005 0.005 0.005 0.005 -70.00 -50.00 -50.00 -50.00 -50.00 -50.00 -50.00 -50.00 -50.00 -50.00 KUALA LUMPUR: The FBM KLCI rose 6.14 points or 0.4% as investors bargain hunted for beaten-down Malaysian shares. At 5pm yesterday, the FBM KLCI closed at 1,657.58 on gains in stocks like CIMB Group Holdings Bhd and Public Bank Bhd. Yesterday, Malacca Securities Sdn Bhd analyst Kenneth Leong said the FBM KLCI’s gain was seen as a technical rebound, following recent losses. “There are also some bargain-hunting activities after for- Top gainers and losers (ranked by percentage) eign funds offloaded some RM660 million over the past four UP CHANGE DOWN CHANGE days. The FBM KLCI’s rebound may not be sustainable as CLOSE (%) CLOSE (%) there are still uncertainties regarding 1Malaysia Development RA 0.010 100.00 ECOWLD-CE 0.030 -84.62 Bhd and crude oil prices,” Leong told theedgemarkets.com. 0.010 100.00 PRESBHD-CA 0.040 -73.33 Bursa Malaysia saw 1.7 billion shares, worth RM2.13 billion DRBHCOMC18 MAXWELL-WA 0.010 100.00 SKPETROC21 0.045 -70.00 traded. Gainers outnumbered decliners at 483 versus 342. GTRONIC-CG 0.020 100.00 TRIVE-WA 0.005 -50.00 Leading gainer was British American Tobacco (M) Bhd, CMSB-CP 0.035 75.00 APPLE-C15 0.075 -50.00 while Nestle (M) Bhd was the top decliner. KEURO-WE 0.060 71.43 MRCB-C5 0.005 -50.00 0.015 50.00 TA-CF 0.005 -50.00 Vivocom Intl Holdings Bhd and SapuraKencana Petro- PBBANK-C4 0.015 50.00 PRESBHD-CC 0.080 -50.00 leum Bhd were among the exchange’s most actively traded CSL-WA KOSSAN-CK 0.015 50.00 SKPETROC18 0.005 -50.00 stocks. GBGAQRS-WA 0.190 40.74 FGV-C9 0.005 -50.00 The FBM KLCI rose despite regional share losses. Hong XINQUAN-WA 0.035 40.00 UMWOG-CY 0.005 -50.00 Kong’s Hang Seng declined 0.73%, while South Korea’s Ko- RESINTC-WA 0.035 40.00 MALAKOF-CG 0.005 -50.00 spi was down 0.49%. Reuters reported Asian shares skidded yesterday, as in- Top gainers and losers - warrants (ranked by percentage) vestors fretted about weak global growth and creeping deUP CHANGE DOWN CHANGE flation, undermining commodities and boosting demand CLOSE (%) CLOSE (%) for safe-haven sovereign debt. — by Yimie Yong DRBHCOMC18 0.010 100.00 ECOWLD-CE 0.030 -84.62 MAXWELL-WA 0.010 100.00 PRESBHD-CA 0.040 -73.33 World equity indices DOW JONES S&P 500 NASDAQ 100 FTSE 100 AUSTRALIA CHINA HONG KONG INDIA I want an edge! CLOSE CHANGE 17,750.91 2,063.37 4,341.39 6,185.59 5,271.14 2,991.27 20,525.83 25,101.73 -140.25 -18.06 -39.91 -56.30 -82.70 -1.37 -151.11 -127.97 INDONESIA JAPAN KOREA PHILIPPINES SINGAPORE TAIWAN THAILAND VIETNAM CLOSE CHANGE 4,822.60 16,147.38 1,976.71 7,081.86 2,773.07 8,185.47 1,390.70 599.07 10.33 -518.67 -9.70 35.29 -38.13 -108.65 -7.17 0.70 Email: hotline@bizedge.com Fax: (03) 7721 8282 GTRONIC-CG CMSB-CP KEURO-WE PBBANK-C4 CSL-WA KOSSAN-CK GBGAQRS-WA XINQUAN-WA RESINTC-WA GDEX-CB SKPETROC21 TRIVE-WA APPLE-C15 MRCB-C5 TA-CF PRESBHD-CC SKPETROC18 FGV-C9 UMWOG-CY MALAKOF-CG 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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