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FBM KLCI 1654.78
5.61
KLCI FUTURES 1656.50
2.00
STI 2906.92
3.73
RM/USD 3.9500
CPO RM2249.00
27.00
OIL US$46.72
0.46
GOLD US$1328.00
15.60
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)
FRIDAY JULY 15, 2016 ISSUE 2207/2016
FINANCIAL
DAILY
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UBS said to have flagged suspicious
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Singapore securities
trading disrupted,
SGX attempts to
restart fail
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p
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g
d
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MAYBANK
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4 HOME BUSINESS
S&P: Malaysia has
less institutional
flexibility
fl
exibility to pursue
‘diffi
fficult’ policies
N A LY
A
.
A
5 HOME BUSINESS
. D AT
S
G
N
I
T
S . LIS
SC proposals
E
H
C
UN
seek to relax rules S . N E W L A
NEW
for REITs
6 HOME BUSINESS
Celcom sees major
shake-up
16 F O C U S
Mercedes C300
4Matic Coupe more
than sum of its stats
E
H
T Y
L
rtal
OpN
o
p
y
t
er
pro
eed
you n
TICS
LOWERS
BLR BY 20BPS
following OPR cut
BSN to also trim rate, benefiting
‘a few million’ borrowers.
Yimie Yong has the story on Page 3.
‘No plans
for more
OPR cuts’
3 HOME
BUSINESS
FBM KLCI 1654.78
5.61
2.00
STI 2906.92
3.73
RM/USD 3.9500
CPO RM2249.00
27.00
OIL US$46.72
0.46
GOLD US$1328.00
15.60
PP 9974/08/2013 (032820)
FINANCIAL
DAILY
MAKE
BETTER
DECISIONS
EVERY
FRIDAY!
UBS said to have flagged suspicious
3 HOME BUSINESS
The Edge Property
pull-out inside.
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2
Singapore securities
trading disrupted,
SGX attempts to
restart fail
4 HOME BUSINESS
S&P: Malaysia has
less institutional
flexibility to pursue
‘difficult’ policies
5 HOME BUSINESS
SC proposals
seek to relax rules
for REITs
6 HOME BUSINESS
Celcom sees major
shake-up
16 F O C U S
Mercedes C300
4Matic Coupe more
than sum of its stats
MAYBANK
LOWERS
BLR BY 20BPS
following OPR cut
BSN to also trim rate, benefiting
‘a few million’ borrowers.
Yimie Yong has the story on Page 3.
‘No plans
for more
OPR cuts’
3 HOME
BUSINESS
2
FR I DAY JU LY 1 5 , 2 0 16 • TH EEDGE F I N AN C I AL DAI LY
For breaking news updates go to
ON EDGE T V
SGX’s system fails
Dr M confirms
new party in the
works to challenge
PM Najib
Malfunction spoils CEO’s one-year anniversary
Restoring light
to Malaysia’s
motorsports
plans
The Edge Communications Sdn Bhd
(266980-X)
Level 3, Menara KLK, No 1 Jalan PJU 7/6,
Mutiara Damansara, 47810 Petaling Jaya,
Selangor, Malaysia
BY ANDREA TAN, KA NA NI S HI Z AWA
& ABHISHEK V ISHN O I
SINGAPORE: It is safe to say this is
not how Loh Boon Chye pictured
his one-year anniversary as chief
executive officer (CEO) of Singapore Exchange Ltd (SGX).
Not only was Southeast Asia’s biggest bourse forced to halt stock trading at 11.38am local time yesterday
because of a technical malfunction,
it failed to follow through on two
pledges to restart the market. SGX,
which missed targets to reopen at
2pm and 4pm, said trading would
remain closed for the rest of the day.
Loh, who took over at SGX on July
14, 2015, replaced Magnus Bocker
just a few months after the Swede
was forced into a public apology
in the wake of two trading halts at
SGX in the space of a month. Those
mishaps led to a reprimand from the
Monetary Authority of Singapore.
The latest halt is at least the second
malfunction at SGX in the past year,
after a near two-hour disruption in
derivatives trading in August.
“Given the change in CEO and
that this has happened again, there
may be a bigger problem facing
SGX and its back-end systems,” said
Bernard Aw, a market strategist at
IG Asia Pte.
An SGX spokesman referred requests for comment to the five statements the exchange sent on the issue.
The SGX is home to Southeast
Asia’s largest stock market, with total
capitalisation in the city of US$494
billion (RM1.95 trillion), according
to data compiled by Bloomberg.
“This should have been sorted
as it happened a few years back
as well,” said Alex Wijaya, a senior
sales trader at CMC Markets. “The
communication and handling of this
incident could have been better.”
SGX is not alone in suffering
from technical errors. Malfunctions
at Deutsche Boerse AG, Europe’s
biggest derivatives exchange, disrupted trading in February and July
2015, while there was a one-hour
halt in trading on Euronext NV’s
derivatives products in March last
year. The New York Stock Exchange
had an outage a year ago that lasted
3 1/2 hours. — Bloomberg
Publisher and Group CEO Ho Kay Tat
KUALA LUMPUR: Former Malaysian prime minister Tun Dr
Mahathir Mohamad yesterday
announced plans for a new party that would join an opposition
alliance in a bid to oust the ruling
Barisan Nasional coalition led by
scandal-tainted Prime Minister
Najib Razak. Speculation had
been rife over the past week that
Dr Mahathir, 91, was planning to
start a party with three other former leaders of the United Malay
National Organisation (Umno)
which Najib now leads. He added that he would not contest the
next general election, due to be
held in 2018, or position himself
as a candidate for prime minister.
Mahathir was coy when asked if
the three former Umno leaders
— Tan Sri Muhyiddin Yassin, Datuk Seri Mukhriz Mahathir and
Datuk Seri Shafie Apdal — would
join him in the new party, just
saying that he was “very open”
to the idea. — Reuters
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briefly, Malaysia was the leader most of the past three years, but stocks in Asia’s only net oil exporting nation plunged with crude, paving
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BUSINESS DEVELOPMENT
Senior Manager Elizabeth Lay
KUALA LUMPUR: Southeast
Asia will not issue a statement
on the rejection of Chinese territorial claims in the South China
Sea by an international tribunal,
regional diplomats said yesterday, blaming the no-comment
on pressure by Beijing. Asean
had weighed whether to speak
out on Tuesday’s ruling by a
United Nations-backed arbitral tribunal in The Hague, said
South-east Asian diplomats with
knowledge of the matter. But the
10-member Asean, whose unity
has been increasingly strained
in the face of Chinese expansionism, could not find common ground, they said. — AFP
Asian local currency debt takes safe-haven appeal
BY SAIKAT CHATTERJ E E
& JONGW OO CHEON
HONG KONG/SINGAPORE: The
prospect of central bank policy easing in Asia is luring global money
managers into the region’s local-currency bonds as the Brexit aftermath
drives investors to seek debt-assets
away from developed economies.
Despite safe-haven flight to dollars following Britain’s shock June
23 vote to leave the European Union, investors remain bullish towards Asia’s longer-dated bonds
thanks to relatively higher rates in
local currency markets.
“As investors are faced with an
ever increasing pool of negative yielding bonds, attention shifts to markets
that may still offer some value,” said
Brad Gibson, a portfolio manager for
fixed income at Allianz Bernstein.
Data from central banks and
governments showed foreigners
resumed buying bonds in Indone-
Changes in foreign bond holdings in emerging Asia
South Korea (won billion)
Malaysia (RM billion)
India (US$ million)
Indonesia (rupiah trillion)
Thailand (baht billion)
JUNE
2016
2015
-2,748
5.7
-922.0
22.0
58.9
-5,377
20.4
-1,675
85.5
131.8
467
-11.1
7,400
97.2
-110.1
Source: Reuters
sia and Malaysia in June after they
sold in May while investments in
Thailand also picked up.
However, they remained net
sellers in India and turned sellers
in South Korea, after three straight
months of net buying.
A simple average of 10-year bond
yields of China, India, Indonesia
and Thailand prints at a chunky
4.85% compared with a measly
0.19% in the US, Germany, Japan
and the eurozone, according to
Reuters calculations.
While that yield gap has broadly
favoured emerging markets, it has
widened further in recent months
as developed-market central banks
pursued extremely accommodative policies.
Historically vulnerable to falling
interest rates and local currencies
during major risk events, investors say Asian economies are now
far better positioned to withstand
global volatility than before, thanks
to strengthened capital buffers.
More recently, implied volatility,
or expected price swings of currencies as measured by option posi-
tioning, has retreated from January
highs across most Asian markets.
Some of the biggest drops have taken place in the Indonesian rupiah,
where implied one-year volatility
has fallen about three percentage
points to 11% from October.
Over the past five years, a JP
Morgan index of local currency
bonds has handed investors a return on investment of about 12%,
below its dollar-denominated
counterpart, which has returned
34%, according to Datastream.
But with Asian interest rates now
enjoying more room to fall than developed market rates, there is scope
for local currency debt to outperform.
Still, money managers are not
uniformly gung-ho about buying
local currency debt with investors
rotating holdings out of shorter maturity debt as the Brexit repercussions
mean currency volatility may play a
greater role in total returns than declining interest rates do. — Reuters
HOME BUSINESS 3
FRIDAY JU LY 1 5 , 20 16 • T HE E DG E FINA NCIA L DA ILY
Maybank lowers
BLR by 20bps
following OPR cut
BSN to also trim rate, benefiting ‘a few million’ borrowers
BY YI M I E YON G
KUALA LUMPUR: Malayan Banking
Bhd (Maybank), the country’s largest lender by assets, and Bank Simpanan Nasional Bhd (BSN) made
the first move to lower their base
rates (BR), following Bank Negara
Malaysia’s (BNM) decision to cut
its key benchmark interest rate on
Wednesday.
Maybank yesterday announced
a reduction in its BR and base lending rate (BLR) effective today in
line with BNM’s move to lower its
overnight policy rate (OPR) to 3%
from 3.25%.
The bank said its BR will be decreased by 20 basis points (bps)
from 3.2% to 3% per year, while its
BLR will be revised downwards
from 6.85% to 6.65% per year.
“Similarly, the Islamic base rate
and base financing rate (BFR) will
be reduced by 20bps to 3% and
6.65% per year respectively from
3.2% and 6.85% previously,” the
bank said in a statement.
Maybank group president and
chief executive officer Datuk Abdul
Farid Alias said the revision in the
rates will benefit borrowers as all
loans/financing pegged to the BR
or BLR/BFR would also be adjusted
accordingly.
“This revision will assist existing
and potential borrowers in contending with the current challenging environment and help spur
economic and business growth in
the country,” he said.
“We believe it will also support
the government’s efforts to ensure
that the domestic economy can
continue on a steady growth path,”
he said.
Abdul Farid said along with the
reduction in the BR and BLR/BFR,
Maybank’s deposit rates will also
be revised downwards by up to
20bps.
The last revision in Maybank’s
BLR was in July 2014, when it was
raised by 25bps to 6.85% per year.
Meanwhile, BSN will lower its
BR to reflect the new OPR as announced by the central bank, according to a Bernama report.
The government-owned savings
bank’s current BR is 4.1%.
BSN deputy chief executive
of strategy and communications
Kameel Abdul Halim said the bank
has yet to decide when it would
make the announcement.
“This [move] will benefit a few
million borrowers. It will involve
mainly the floating rate loans; we
will have to relook in terms of the
pricing,” he was quoted as saying
on the sidelines of BSN’s Hari Raya
gathering yesterday.
“Other banks might also revise
the BR. But for BSN, we have to
look at the mandated loans, which
specifically help the bottom 40%
household income group (B40).
“The bank is still focusing on
helping the B40 and is currently promoting our youth housing
scheme which is designed to help
married youths own their very first
home with ease,” he said.
Kameel added that BSN’s total
assets currently stood at RM33 billion, with “millions of depositors”
and three million borrowers.
On Wednesday, the central bank
unexpectedly cut the OPR by 25bps
to 3%.
‘No plans for more OPR cuts’
KUALA LUMPUR: The decision to
cut the overnight policy rate (OPR)
is a pre-emptive action to ensure
that the economy continues to remain on a steady growth path, says
Bank Negara Malaysia (BNM) Governor Datuk Muhammad Ibrahim.
“It’s not that we expected growth
to be weaker in the second half. We
anticipate it to be stronger and that
growth for the whole year is expected to remain between 4% and 4.5%.
“Now, what we intend to do is
to ensure this happens. Basically
it is a pre-emptive move,” he told
Bernama in his first media interview since his appointment as the
central bank governor on May 1.
BNM, in a unexpected move on
Wednesday, cut the OPR by 25 basis
points to 3% as was decided at its
two-day Monetary Policy Committee (MPC) meeting. The last rate cut
was in 2009 and the last adjustment
was made in July 2014.
On the rationale for the rate cut
now, he said the window of opportunity had presented itself as
among others, inflation had gone
lower than expected.
Inflation is projected to be lower at 2% to 3% in 2016 compared
with an earlier projection of 2.5%
to 3.5%, while remaining stable
in 2017.
Muhammad: The decision to trim the
OPR is a pre-emptive action to ensure
that the economy continues to remain
on a steady growth path. Photo by
Patrick Goh
“The window of opportunity is
there. We just took it in our stride
and say, look let’s give a boost to
the economy, create an enabling
environment so financing will be
healthy, economic activities can
prosper and people are able to generate more wealth and income,”
said the calm and jovial Muhammad.
Currently, there are no plans
by the MPC to change the interest
rate over the next few meetings, he
said, stressing that the central bank
would always look at the data objectively and see what was needed.
“So, to say that there will be a
series of rate cuts is not true, but
it’s true we will keep an open mind
every time we sit [down for the
meeting],” he said.
Muhammad said the central
bank, given the dynamic environment, looked at many factors when
deciding on the monetary policy
including developments in other
countries.
However, a decision on the monetary policy is ultimately based on
domestic considerations and has
always been forward-looking,
“In any monetary policy [decided] around the globe, when we look
at what level it should be, we always
look a few quarters forward to see
how the economy will develop.
“We project what the growth will
be in the second half of 2016 and
in 2017, and we take our position
in deciding the interest rate,” explained the 56-year-old Muhammad.
Meanwhile, Malaysia recorded
an economic growth of 4.2% in the
first quarter of 2016 and the second-quarter figure is expected to
be released in August. — Bernama
UBS said to have flagged suspicious
SINGAPORE: UBS Group AG
flagged suspicious transactions
linked to 1Malaysia Development
Bhd (1MDB) to the Monetary
Authority of Singapore (MAS),
prompting an investigation of the
accounts involved, a person familiar with the matter said.
The transactions were not
immediately recognised by UBS
as suspicious, said the person,
who asked not to be identified
because the matter is private. At
least US$1.24 billion was transferred in 2014 from the account
of a 1MDB subsidiary held in BSI
SA in Lugano, Switzerland, to a
UBS account in Singapore held by
what appeared to be a unit of an
Abu Dhabi company, UK-based
investigative blog Sarawak Report
said on July 11.
A spokesman for UBS declined
to comment on the 1MDB transfers. When asked about the UBS
case, the Singapore regulator referred to its previous statements
made on March 31 and May 24.
MAS has said it is conducting supervisory reviews of several fi-
nancial institutions and bank accounts through which suspicious
and unusual transactions have
taken place, without identifying
the parties involved.
The Malaysian sovereign
wealth fund is at the centre of
probes in its home country and
other jurisdictions including Singapore, Switzerland and the US
as regulators seek to determine
if some of the billions of dollars
it raised were siphoned off. While
1MDB has denied wrongdoing, a
Malaysian parliamentary committee in April identified at least
US$4.2 billion of questionable
transactions, including those involving Abu Dhabi companies.
Singaporean regulators said in
May they will strip BSI’s local unit
of its banking licence amid global
investigations surrounding 1MDB.
BSI, which is based in Lugano, was
fined S$13.3 million (RM38.9 million) for 41 breaches, including its
failure to conduct due diligence
on high-risk accounts and monitor suspicious customer transactions. — Bloomberg
Perodua’s first sedan ‘Bezza’ open
for booking from tomorrow
BY S U P RI YA S UR E N D R A N
KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd’s (Perodua)
first sedan named Bezza will officially be launched on July 21, and
will be open for booking at over
181 showrooms across the country
from tomorrow onwards.
The energy-efficient vehicle
(EEV), which is fully designed by
Malaysians with strong support from
Daihatsu Motor Co Ltd of Japan,
represents the culmination of decades of technology collaboration
and technology transfer with Daihatsu, said Perodua.
“It is with their guidance that we
are now able to stand on our own
with this groundbreaking new model and it is the sedan that fits every
Malaysian’s needs,” said Perodua
president and chief executive officer
Datuk Dr Aminar Rashid Salleh in
a statement.
He said the Bezza is Perodua’s
second transformation model after the Axia, and is the automotive
group’s first global-ready car with the
1.3 litre (L) Advance variant packed
with advanced safety features.
The Bezza is produced at Perodua’s EEV-certified plant, Perodua
Global Manufacturing Sdn Bhd,
which is a highly modern facility
with over a 75% automation rate
and which is also the same plant
which produces the Perodua Axia.
“The sedan’s name takes inspiration from the word “Beza” in Bahasa
Malaysia, which means “different”.
And that is exactly what Perodua’s
first EEV sedan is — distinctly different.
“The double ‘Z’ in the name,
which somewhat resembles the
number ‘22’, also subtly alludes to
the fact that Perodua has been in the
market for 22 years,” said Aminar.
Aminar: The sedan’s name takes
inspiration from the word ‘Beza’
in Bahasa Malaysia, which means
‘different’. The Edge file photo
“With features available in luxury vehicles incorporated into the
Perodua Bezza plus its attractive
design, smooth ride, quality at affordable pricing, increasing our export footprint will become a reality,”
he added.
The sedan comes in five variants: the 1.0L manual transmission and automatic transmission;
the 1.3L “Premium X” manual and
automatic transmission; and the
1.3L “Advanced Version” automatic
transmission.
The company said the Perodua
Bezza 1.0 L engine may reach up
to 22.8km per litre for its manual
transmission, while the automatic
transmission can potentially travel
21.3km per litre with eco driving.
“Meanwhile, the eco driving 1.3
litre’s manual transmission variant
can potentially travel 21.7km per
litre, while the automatic transmission can travel 22km per litre with
‘Eco Idle’ System which is available
in the Advance variant only. The
full tank can potentially travel up
to 792km driving,” it added.
4 HOME BUSINESS
Malaysia has less
institutional flexibility
for ‘difficult’ policies
China’s slowdown is likely to impact Asia-Pacific countries — S&P
BY B I L LY TOH
KUALA LUMPUR: Recent political
developments in Malaysia suggest
that the government remains intact
and stable, said Tan Kim Eng, senior
director of Asia-Pacific sovereign
ratings and international public finance ratings at Standard & Poor’s
(S&P). However, the government
may have less institutional flexibility
to pursue “difficult” policies.
Prime Minister Datuk Seri Najib
Razak has been facing calls to step
down over allegations of graft and
billions of dollars in misappropriated funds at 1Malaysia Development
Bhd (1MDB), which has accumulated debts totalling RM42 billion since
its inception in 2009. However, Najib
and 1MDB have repeatedly denied
any wrongdoing in relation to the
strategic development company.
Tan said domestic political developments are key credit factors
in rating sovereigns in the Asia-Pacific region.
“The biggest [potential] risk that
we saw for Malaysian sovereigns,
that is, the break-up of the government as a result of infighting within
the ruling party, has now abated significantly. I think the market has that
view as well looking at how the ringgit has been appreciating in recent
weeks,” he said during a live webcast on the update on Asia-Pacific
sovereign rating trends yesterday.
“However, that is not to say that
all is well and okay in the Malaysian policy environment. Recent
developments, especially those in
the past two years, have weakened
the institutional flexibility in Malaysia,” he added.
Tan said the government is now
“less popular” and has a “lesser
mandate in pursuing some of the
more difficult policy actions that
we saw executed last year such as
the abolishment of fuel subsidies
and the introduction of the goods
and services tax”.
“Going forward, given the lesser support we see for the government, we see it as less likely to introduce [difficult] measures that could
strengthen the sovereign credit metrics and until such time where we
see the support for the government
rebound to earlier levels, we assess
the political setting in the country as
somewhat weaker than we have seen
a couple of years back,” he added.
We won’t see a
uniform impact on
the region and it will
depend on whether
the relationships
with China are
dependent on exports,
commodities or
tourism.
Tan however said all other credit
metrics have been quite supportive
of the Malaysia’s sovereign rating.
“Despite the weaker policy environment, we do not at this point
see an imminent downgrade of the
Malaysia’s sovereign rating at least
in the next one to two years.”
On March 28, S&P affirmed its
“A-” long-term and “A-2” short-term
foreign currency sovereign credit
ratings on Malaysia. At the same
time, the rating agency also affirmed
its “A” long-term and “A-1” shortterm local currency sovereign credit
ratings on Malaysia. The outlook on
the long-term ratings remains stable.
Meanwhile, Tan said China’s
slowdown is likely to impact countries in the Asia-Pacific including
Malaysia.
“We won’t see a uniform impact
on the region and it will depend
on whether the relationships with
China are dependent on exports,
commodities or tourism,” he said.
Countries that have higher exposure in exports and commodities
will see a more negative and stronger
impact from the slowdown in China
compared with countries that rely
heavily on tourism, he added.
Tan also addressed the risks that
Brexit poses to sovereign ratings in
the region. The sharp market reaction has abated, but risks remain
especially if there is a further collapse to the existing structures in
the European Union.
Tan however noted that there
has been some strong capital inflows into the Asia-Pacific region
after the Brexit referendum.
“In the short term, there will
be more [capital] inflows into the
emerging markets, especially after
the Brexit referendum as people
are expecting the US interest rate
to rise slower as well as the uncertainties in Europe that will cause
funds flow out of Europe.
“However, if the situation persists and deteriorates, especially
the political situation in Europe,
the risk-adverse mentality could
see investors turn to safe haven
assets such as the Japanese and
US bond market. This could lead
to the return of volatility to this
region,” Tan added.
REITs rise, banks
decline on Bursa
following OPR cut
BY M E E N A L A K S H A N A
KUALA LUMPUR: Real estate investment trust (REIT) prices rose
in early trades on Bursa Malaysia
yesterday following Bank Negara
Malaysia’s move to cut the overnight policy rate (OPR), but pared
gains in the afternoon.
This was on the back of a
0.34% or 5.61-point decline of
the FBM KLCI to 1,654.78, following a drop in crude oil prices
amid record-high US inventory.
Axis REIT rose 5.71% to
RM1.85, before paring gains to
close at RM1.76 (with a market
capitalisation of RM1.99 billion).
KLCC REIT gained 0.39% or three
sen to RM7.73 before closing 10
sen or 1.3% lower at RM7.60
(market cap: RM13.85 billion).
Sunway REIT rose 0.57% or one
sen to RM1.75, before settling unchanged at RM1.74 (market cap:
RM5 billion), whie IGB REIT rose
1.78% or three sen to RM1.72, before closing three sen or 1.78% lower at RM1.66 (market cap: RM5.85
billion); Capitaland Malaysia Mall
Trust slipped two sen to RM1.58
In a note yesterday, Hong Leong
Investment Bank Research upgraded REITs to “overweight”, saying the
OPR cut will bode well for REITs as
yield assets are often sought after
during monetary easing due to their
stability and high-yielding nature.
Its analyst Lee Meng Horng
said the potential downside for
Malaysian REITs from external
factors is limited, with no immediate risk of narrowing yield
spread due to the monetary easing and its relative attractiveness
amid the low-yield environment.
CIMB Investment Bank has,
however, kept its “neutral” call on
REITs, saying prices have largely
priced in the yield-seeking sentiment of investors and lower-interest-rate expectations, with yields
already compressed to an average of 5% to 5.3%. “Note that the
REITs under our coverage traded
at their highest average yields of
5.1% in 2014, which are largely in
line with current average yields,”
said its analyst Kristine Wong.
She also said although the OPR
cut could see consumers pocket an
extra RM2.1 billion a year from lower interest payments, it is unlikely
to result in a spike in consumer
spending in the near term due to
the uncertain global economy.
Kenanga Research also stayed
“neutral” on REITs, saying the
sector still lacks apparent catalyst, while downsides are already
largely priced in. It expects modest earnings growth from REITs
in its coverage universe, at an average of 6.7% to 5.1% in financial
years 2016 and 2017.
Meanwhile, most banking
stocks fell yesterday. Analysts
believed the OPR cut would be
negative for the sector as it would
result in net interest margin compression due to the downwards
repricing of floating-rated loans
and the lag in the repricing of
fixed-rated deposits.
However, they largely kept
their ratings on the sector unchanged as each of the banks
would see different impacts on
the key interest rate cut.
Hong Leong IB Research analyst Chye Wen Fei said the OPR
cut would be negative to Public
Bank Bhd, Malayan Banking Bhd
(Maybank), RHB Bank Bhd and
Affin Holdings Bhd due to negative balance sheet gap, measured
by asset minus liability. On the
flipside, AMMB Holdings Bhd
and Alliance Financial Group
Bhd (AFG) will gain due to positive balance sheet gap.
AFG shares closed unchanged
at RM4.13 (market cap: RM6.3 billion), while CIMB Group Holdings
Bhd fell 2.55% or 11 sen to RM4.21
Maybank fell 1.23% or 10 sen
lower to RM8.02 (market cap of
RM80.57 billion) while Public Bank
rose 0.21% or four sen to RM19.44
Possible easing measures for property sector after OPR cut, say analysts
BY A H M AD NAQ I B I D RI S
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) unexpected overnight policy rate (OPR) cut signalled
possible easing measures for the
property segment going forward, as
the 25 basis points (bps) reduction
from 3.25% to 3% is unlikely to have
a significant impact on the housing
market, said analysts.
So while the central bank’s move
is in line with the easing policies
globally, it is not substantial enough
to revive the local property market,
which has been tied down not only
by tighter lending policies, but also
the abolition of the developer interest bearing scheme (DIBS) and
the hike in real property gains tax
(RPGT).
“Tighter lending policies are the
main cause of the slowdown here.
Even with the rate cut, there would
be limited impact as banks still curtail lending,” Inter-Pacific Securities
Sdn Bhd head of research Pong Teng
Siew told The Edge Financial Daily.
TA Securities analyst Thiam Chiann Wen held the same view. She
also noted that adjustments to effective lending rates by banks could be
less than a 25 bps cut, due to the new
base rate (BR) framework, which
determines interest rates based on
banks’ benchmark cost of funds and
statutory reserve requirement (SRR).
“Assuming banks adjust their BRs
accordingly, our sensitivity analysis
suggests that a 25 bps cut in lending rate will decrease monthly repayment of a 30-year loan by 2.9%.
Nevertheless, we believe a 2.9% decrease in monthly repayment alone
is insufficient to convince consumers to commit to big-ticket purchases,” she said.
However, the research house,
which expects the OPR to remain
at 3% for the rest of the year, said it
would change its view if there was
a combination of easing policies
introduced, such as further OPR
cuts, additional reduction in SRR,
a reinstatement of the DIBS, the removal of the 70% loan to value cap
on third property, and lower RPGT.
Though Hong Leong Investment
Bank analyst Jason Tan also opined
that the rate cut’s impact would be
limited on the property sector, he
said the move gives a positive effect
on sentiment.
“BNM said previous property
cooling measures such as the removal of DIBS and RPGT hike have
successfully reined in property speculation activity. As such, we do not
rule out any potential relaxation of
property measures,” he said, adding
further easing will benefit high-beta
property stocks such as Eco World
Development Group Bhd and UEM
Sunrise Bhd the most.
But IHS Markit’s Asia-Pacific
chief economist Rajiv Biswas be-
lieved BNM will remain cautious
on relaxing its macro-prudential
policies, implemented since 2010,
due to Malaysia’s high level of household debt.
“Due to the high household debtto-GDP (gross domestic product)
ratio, which reached 89% in 2015,
broad-based relaxation of macro-prudential measures would create potential medium-term macroeconomic risks.
“What is required is targeted
measures to allow first-time buyers
to buy their first homes without creating risks of moral hazard that can
be generated by high-risk lending
measures such as 100% residential
loans,” he said.
HOME BUSINESS 5
SC seeks to relax REIT rules
Flashback: July 11, 2016
Under proposed changes to the guidelines, trusts will be able to buy vacant land
BY KAMARUL ANWAR
KUALA LUMPUR: Malaysian real
estate investment trusts (REITs)
may soon be able to buy vacant land
and engage in property development activities if a new proposal by
the Securities Commission Malaysia (SC) garners positive response.
The regulator yesterday released
a consultation paper seeking public
feedback on proposed enhancements to the Guidelines on Real
Estate Investment Trusts (REITs
Guidelines), as part of its effort to
facilitate growth of the market and
at the same time promote stronger
governance and efficiency.
This confirmed a report by The
Edge weekly on July 11, which
pointed to one of the anticipated
proposals, that is, allowing REITs to
acquire vacant land and undertake
property development subject to a
cap of 15% of their total asset value.
In comparison, the cap for property
developments by Singapore REITs
in the republic currently stands at
25% of total assets.
It is also proposed that REIT
managers be allowed to enter into
long-term leases with registered
THE 17 TH
ABC MEDIA
CONFERENCE
proprietors of real estate.
Interested parties and the public
have until Sept 13 to provide their
feedback on the proposed changes
to the REITs Guidelines.
“A key aspect of the enhancements
is to allow REITs to invest in a wider
range of real estate asset classes,”
said the SC in a statement yesterday.
It noted that under current requirements, REITs that hold old and
outdated properties would have to
sell such properties back to their
sponsors to be redeveloped and
subsequently repurchase the redeveloped properties, “or otherwise
be saddled with a less competitive
portfolio of buildings”.
REITs, however, need to hold on
to the developed properties for at
least two years upon completion,
so as to ensure that the property
development activities are not conducted for the purpose of selling the
properties but to enhance their income-generating capacity. Currently,
REITs are allowed to only refurbish,
renovate or extend existing real estate in their investment portfolios.
Area Management Sdn Bhd executive chairman Datuk Stewart
LaBrooy told The Edge Financial
Daily that the development activity
proposal is “a game changer” for
Malaysian REITs, and something
that REIT managers have been
pushing very hard since his days
as chairman of the Malaysian REIT
Managers Association.
“Allowing development and redevelopment of assets would be a
good thing for REITs and bring value
for unitholders,” he said.
LaBrooy also commended the
SC’s proposal to allow REITs to do
unit buy-backs, saying this would
help REITs that believe their units
are undervalued.
However, some industry observers believe that the liberalisation of
the market can bring problems as
REITs are supposed to be passive
investments.
Nevertheless, under the proposed enhancements, the SC posits that REITs are required to furnish
investors with more disclosures on
properties that come with income
support, where the trusts need to
tell investors these properties’ yields
with and without income support.
An income support arrangement,
where a REIT’s sponsor or property
vendor provides minimum rental
income for a fixed period, “would be
able to generate a yield that is above
market rate”, the regulator said.
While there could be legitimate
reasons as to why a REIT enters into
an income support arrangement,
the regulator said part of the problem this brings is investors may be
misled by the headline yield when
the income support provides only
short-term enhancement to a REIT’s
yield — which may not be sustainable after the arrangement lapses.
Another issue, LaBrooy said, is
that the income support may have
the effect of inflating the valuation
of a purchased property.
Such controversy stemming
from income support happened
in Singapore, when Keppel Land
Ltd sold a recently developed office
tower to Keppel REIT in 2011, as
the rental value had yet to mature
and the occupancy rate was low.
The SC also wants REITs to provide details on how the income
support is priced into the purchase
consideration for the real estate,
and the tenure or remaining tenure
of the income support.
For Islamic REITs established for
over five years, the SC is proposing
that they be allowed to collect rental income that comes from syariah
non-compliant activities by up to
5% of a REIT’s total turnover. Currently, Islamic REITs cannot accept
new tenants or renew existing tenants whose activities are fully syariah non-compliant.
Another salient proposal in the
consultation paper is to strictly cap
the REITs’ borrowings to 50% of
their total assets, whereas currently
the investment trusts can go above
50% after obtaining unitholders’
approval. Bloomberg data showed
none of the 17 M-REITs are anywhere near that level as at their
latest quarter, although YTL Hospitality REIT was already nearing
the ceiling, at 46.32%.
1 - 4 SEP 2016
Mövenpick Resort Phuket, Thailand
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!#%/0.0%+*0!(%*!č12 August, 2016
6 HOME BUSINESS
Celcom sees major
shake-up
Yen Global sees
20.65% traded
off market for
RM14.17m
BY Y IMIE YO N G
Shazalli to oversee the group’s Southeast Asia ops
BY C H E ST ER TAY
KUALA LUMPUR: Celcom Axiata
Bhd has named Michael Kuehner as
its new chief executive officer (CEO),
to succeed Datuk Seri Shazalli Ramly (pic), from Sept 1, while Shazalli
will take on the role as the group’s
regional CEO for Southeast Asia.
Celcom’s parent company Axiata Group Bhd announced the new
appointments in a bourse filing
yesterday. It also announced that
a unit is being set up to oversee its
Southeast Asia operations.
Shazalli’s new appointment will
see his current tenure, which expires
by year-end, be extended for another
three years, said Axiata. He has been
with Celcom for the past 11 years.
“Shazalli will now be responsible for all Southeast Asia
operations and will remain as board member
in Celcom. He will also
be appointed to three
other boards of Axiata’s operating companies (OpCos),” it said.
Shazalli’s new appointment
will see his current tenure,
which expires by year-end,
be extended for
another three
years. Photo by
Shahrin Yahya
The appointments came on the
back of a group-wide transformation
that Axiata is undertaking to accelerate its digitisation programmes,
development of innovative technologies/business models, industry
consolidation and merger integration, costs restructuring, and to support OpCo turnaround programmes.
Celcom, said Axiata, will undertake a major organisational change
of leadership with the setup of an
executive committee (Exco) and
the appointment of six new key
senior positions — one from Celcom, three from the Axiata Group,
an external hire and one more to
be announced, while Tan Sri Jamaludin Ibrahim, who is the chairman of Celcom and president and
group CEO of Axiata, will chair
the Exco.
Kuehner, said Axiata,
was the CEO of Axiata’s
91.59%-owned Bangladesh subsidiary
Robi Axiata Ltd
(2009 until 2013).
A board member of
three OpCos, namely
Robi, Smart Axiata
Co Ltd and edotco
Group Sdn Bhd, it said Kuehner,
who was with Nokia and Siemens
prior to joining Axiata, is an international telecommunications leader with over 30 years’ experience.
He is said to have transformed
and rebranded Robi from Aktel,
more than doubled its revenue and
quadrupled its profit after tax.
Celcom also appointed two deputy CEOs, namely Azwan Khan Osman Khan — who will be responsible for sales and marketing, product
development and all of Celcom’s
commercial businesses — and Mohamed Adlan Ahmad Tajudin, who
will be in charge of all network and
IT infrastructure as well as business
support services.
Celcom also appointed Jennifer
Wong, currently deputy chief financial officer (CFO), to replace Chris
Tiffin as CFO, while Tiffin will take
on a new strategic project at Celcom.
Azmi Ujang, an external hire,
will take on the role of chief human
capital officer, replacing Darke M
Sani, who will return to his group
chief of human resources position
full-time, also on Sept 1.
A sixth appointment, that of the
chief transformation and digital
officer, will be announced soon,
said Axiata.
Yesterday’s announcement reflects the group’s determination
to become one of the best performing companies in the region
and to build the best-in-class
regional digital company,
Sona Petroleum lines up
liquidators after failed acquisition
BY SA N G EETHA A MA RTHALINGAM
KUALA LUMPUR: Sona Petroleum Bhd said it is in discussions
with several potential liquidators
to wind up the special purpose
acquisition company (SPAC) after
a plan to buy the Stag Oilfield, off
Western Australia, was aborted,
which would have enabled it to
become a full-fledged oil and gas
exploration company.
“The board of directors will evaluate the liquidators together with
their proposals and will announce
further details on the winding-up
after the board has decided on the
matter,” it said in a filing with Bursa
Malaysia yesterday.
Sona added that it intends to
commence the winding-up process as soon as possible after the
expiry of the permitted time frame
on July 29.
On April 26, the Sona board failed
to convince shareholders of the viability of the US$25 million (RM98.5
million) Stag field acquisition. Field
owners Quadrant Energy Ltd and
Santos Ltd subsequently notified
Sona about the termination of the
sales and purchase agreement, effective June 2.
The board of directors
will evaluate the
liquidators together
with their proposals.
On June 22, Sona managing director Datuk Seri Hadian Hashim
said the company was in the process of appointing a liquidator, and
investors can expect a distribution
of about 48 sen per share based
on the company’s trust account of
RM527.76 million as of Dec 31, 2015.
In a separate filing yesterday,
Sona said it was served with a writ
and a statement of claim amounting
to US$47,299.12 from Law Asia Pte
Ltd for fees of alleged work done in
relation to the potential acquisition
of a qualifying asset it was considering at the time but did not materialise, due and owing as at May 15,
2015, together with interest and cost.
The writ and statement of claim
dated July 1 was filed in the Kuala
Lumpur Sessions Court and served
on Sona on Tuesday.
“The board is of the view that
the claim has no substance and will
defend the claim as appropriate,”
said Sona.
CLIQ Energy Bhd is another SPAC
that is undergoing liquidation after
failing to complete its qualifying acquisition within the given timeline.
It had appointed Crowe Horwarth
Advisory Sdn Bhd to convene the
liquidation process of the company.
The process was expected to start
after April 9, according to CLIQ’s filing with Bursa Malaysia yesterday.
Sona shares closed unchanged
at 46 sen yesterday, with a market
capitalisation of RM648.93 million.
said Jamaludin on the new appointments. “Some changes have already
taken place, even before today’s
appointments, and we expect to
make further changes over the next
few years.”
While it has brought back many
local talents with a refreshed mindset, Jamaludin said Axiata plans to
“inject world-class external talents
to further energise and continue to
enhance diversity within the group”.
JF Apex Securities Bhd senior
analyst Lee Cherng Wee said Axiata’s leadership reshuffle is similar to
that of Norwegian telco giant Telenor
Group, which occasionally rotates
CEOs in its portfolio, including DiGi.
Com Bhd, and is not likely to have a
huge impact on Axiata’s share price,
given that such leadership change in
a company of such size is “normal”.
Another analyst, who declined
to be named, welcomed the latest
changes in the hopes that it would
strengthen Celcom’s performance.
“Celcom has not been performing well since the end of 2014. Back
then, they blame the IT issue, but
[their results] are still quite bad after
the issue is settled,” he pointed out.
Celcom’s first quarter ended Mar
31, 2016 saw its profit after tax and
minority interest fall by 23% year-onyear to RM288 million, while revenue
declined 13.42% to RM1.67 billion.
Axiata had said the poorer performance was mainly due to heightened competition, particularly in
the post-paid segment.
KUALA LUMPUR: Apparel maker
Yen Global Bhd saw 28.34 million
shares represeting a 20.65% stake
in the company traded off market
yesterday for RM14.17 million.
According to Bloomberg data,
Yen Global shares were moved in
eight direct business transaction
blocks, at 50 sen per share, which
was 15 sen or 23% lower than the
65 sen closing price of its shares
yesterday.
However, it was not immediately known as to whom the parties
involved in the transactions were.
According to Yen Global’s latest
annual report, its executive chairman Goh Kok Beng and Goh Kok
Heng, the largest shareholders, have
a deemed interest of 24% in the
company via their shareholdings
in Extreme Lifestyle (M) Sdn Bhd.
Last month, Yen Global said it
was selling its entire stake in Twin
Access Sdn Bhd to two individuals
for RM3.41 million to improve liquidity and cash flow, while raising
additional working capital.
Meanwhile, a filing with Bursa
Malaysia dated June 17 showed
that Taiwan-based Gemtek Investments Co Ltd had emerged
as a substantial shareholder of
the group after acquiring 12.5 million shares or a 9.09% stake in Yen
Global, via private placement, at
52 sen per share.
The closing price of Yen Global
shares of 65 sen yesterday, 5.5 sen
or 9.24% higher than the previous
close, values it at RM89.38 million.
Some 1.53 million shares were exchanged. Year to date, the counter
has risen more than 51%.
AmProp unit to invest in real estate
projects in Spain
BY S U P R IYA S UR E N D R A N
KUALA LUMPUR: Amcorp Properties Bhd (AmProp) plans to invest
in a portfolio of real estate development and value-added projects
in Madrid and other cities in Spain.
In a filing with Bursa Malaysia, it said Amcorp Horizon Sdn
Bhd (formerly known as Cemara
Harapan Sdn Bhd) had signed an
agreement with Grosvenor Europe
Investments Ltd (GEIL) and its manager, Grosvenor Fund Management
Spain, SLU, to set up a joint-venture
company (JV Co).
GEIL is principally involved in
property investment through its
holdings in a number of investment
vehicles.
Grosvenor Fund Management
is a wholly-owned subsidiary of
Grosvenor Group Ltd, and is appointed by the JV Co as the real estate investment manager under a
separate asset management agreement, to manage and report on the
activities of the JV Co.
The issued and paid-up share
capital of the JV Co is €3,000 (RM
13,163), with Amcorp Horizon and
GEIL holding a 50% stake each. Amcorp Horizon and GEIL each contributed a capital commitment of
€35 million to the JV Co.
AmProp said that the Spanish
real estate market offers huge potential for capital appreciation, on the
back of a resurgence in economic
activities.
“Through this joint venture,
AmProp would be able to leverage the expertise and experience
of Grosvenor, which has been operating in Spain since 2000, to benefit from the recovery of the Spanish real estate market, as well as
further diversify its international
property investment and development portfolio,” read the group’s
announcement.
The move into the Spanish real
estate market may be timely for AmProp, as Affin Hwang Capital stated
in a July 8 note on the company that
more than 90% of AmProp’s earnings are derived from London, and
said that the Brexit vote could raise
uncertainty over its future sales in
the near term.
ST O C KS W I T H M O M E N T U M 7
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.
AMANAHRAYA REIT (+ve)
SHARES in AmanahRaya Real Estate Investment Trust (REIT) (fundamental: 2.3/3, valuation: 2.7/3) triggered our momentum algorithm
for the first time this year after 793,200 shares
changed hands yesterday, a significant rise from
its 200-day average volume of 82,475.5 shares.
Its share price, meanwhile, remained unchanged from its previous closing of 92 sen.
AmanahRaya REIT’s share price has risen
12.53% from a year ago and has gained 6.36%
year-to-date.
On June 16, AmanahRaya REIT announced
AMANAHRAYA REIT
on Bursa that it had entered into a sale and purchase agreement with Cyberview Sdn Bhd and
Setia Haruman Sdn Bhd to acquire a property
in Cyberjaya for RM40 million.
The filing said the property provides an initial net yield of 7.19% per annum and has a remaining tenancy agreement for five years with
the potential for extension for another three
years. The stock has a high dividend yield of
6.78% and is trading at a trailing price-earnings
ratio of 8.62 times, with a market capitalisation
of RM527.36 million.
Valuation score*
2.70
2.30
Fundamental score**
13.86
TTM P/E (x)
0.77
P/NAV (x)
7.03
TTM Distribution yield (%)
527
Market capitalisation (mil)
573.22
Shares outstanding (ex-treasury) mil
0.21
Beta
0.74-0.92
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
GOODWAY INTEGRATED INDUSTRIES BHD (-ve)
SHARES in Goodway Integrated Industries
Bhd (fundamental: 0.15/3, valuation: 0.9/3)
triggered our momentum algorithm for the
first time yesterday as its share price surged
by 11.69% to close at 43 sen, with 6.3 million
shares traded. In comparison, its 200-day average volume stood at 62,212.5 shares.
The counter was, however, highlighted as a
“red flag” stock by our proprietary algorithm,
suggesting that investors should exercise extra
caution when trading in its shares.
The company was also slapped with an
unusual market activity query by Bursa Malaysia yesterday.
In the first quarter ended March 31, 2016
(1QFY16), Goodway recorded a bigger net loss
of RM1.27 million, compared with a net loss
of RM685,000 in 1QFY15, mainly due to an
impairment loss of receivables of RM1 million.
Its revenue, however, grew by 9.03% to
RM47.4 million in 1QFY16 from RM43.5 million in 1QFY15.
The group’s share price has surged 83%
since July 1, and has gained 59.3% year-to-date.
GOODWAY INTEGRATED INDUSTRIES BHD D Valuation score*
0.90
0.15
Fundamental score**
TTM P/E (x)
TTM PEG (x)
0.60
P/NAV (x)
TTM Dividend yield (%)
42.55
110.52
Shares outstanding (ex-treasury) mil
1.10
Beta
0.21-0.39
& profitability
UOA DEVELOPMENT BHD (+ve)
SHARES in UOA Development Bhd (fundamental: 3/3, valuation: 2.4/3) fell 6.43% to
RM2.33 with some 5.58 million shares traded
yesterday, after its share price jumped 13.7% in
the previous day to RM2.49, along with most
property developer counters after Bank Negara
Malaysia cut the key rate by 25 basis points to
3% in its monetary policy committee meeting
on Wednesday.
UOA Development last triggered our momentum algorithm on May 19, and has gained
UOA DEVELOPMENT BHD
5.43% since. Year to date, the share price has
increased 11.65%. Compared with a year ago,
the share price has risen 17.87%.
The group’s net profit for the first quarter
ended March 31, 2016 (1QFY16) increased by
22.4% to RM96.1 million from RM78.5 million
in 1QFY15.
It has a dividend yield of 7.01% and is
trading at a trailing price-earnings ratio of
8.11 times, with a market capitalisation of
RM3.54 billion.
Valuation score*
2.40
3.00
Fundamental score**
8.71
TTM P/E (x)
0.36
TTM PEG (x)
1.17
P/NAV (x)
6.02
TTM Dividend yield (%)
3,783.98
Shares outstanding (ex-treasury) mil 1,519.67
0.41
Beta
1.64-2.49
& profitability
HOME BUSINESS
‘Geopolitical risks could
have severe economic
implications on Asia-Pacific’
BY M E E NA LAK S HANA
KUALA LUMPUR: Geopolitical risks associated with the diminishing influence
and strength of the US in Asia-Pacific
over the past decade, concurrent with
China’s efforts to expand its influence in
the region, could have severe economic
implications on countries in the region,
including Malaysia, said Fitch Ratings.
However, the global rating agency said
although these risks have the potential of
causing significant economic and political
instability, and are likely to remain prevalent in Asia-Pacific over the long term,
it is not currently a direct ratings driver
for sovereigns in the region.
Fitch’s comments in a statement yesterday came following an escalation of
tensions among China, the Philippines
and the global community, after Beijing’s
move to exert its influence on the South
China Sea, as it sees “historical claim”
over sovereignty in the region.
“Major geopolitical risks have largely
been contained in Asia in recent years,
but the potential economic implications
could be severe in the event of a sudden
escalation,” said Fitch’s senior director of
sovereigns Andrew Colquhoun.
“Tensions between states could lead to
impaired bilateral trade and investment
and, depending on the severity, could
affect investor confidence,” he added.
Colquhoun said the recent territorial
disputes involving China, the Philippines
and Vietnam in the South China Sea are a
case in point, highlighting tensions over
control and sovereignty in the area.
A United Nations tribunal in The Hague
ruled on Tuesday that China has no legal
basis to claim “historic rights” to resources in the South China Sea and found the
economic powerhouse to have violated
the Philippines’ sovereign rights in the
disputed waters.
However, Chinese officials, including
President Xi Jinping, said Beijing will not
accept or acknowledge any decisions or
positions reached at the arbitration process, which was initiated by the Philippine
government.
Fitch, meanwhile, also said other
long-standing issues, including from North
Korea, territorial disputes over uninhabited islands in the East China Sea between
Japan and China, and cross-strait relations
between Taiwan and the mainland, have
the potential to flare up.
“Terrorism and related security risks
are also likely to remain pertinent for the
region,” said Colquhoun.
“Major — and repeated — terrorist attacks have the potential to affect important
drivers of economic growth, including
tourism or sectors that rely heavily on
foreign investment,” he added.
Colquhoun also said that Asia-Pacific
is not immune from the impact of events
in other regions like Europe, as the advent
of Brexit has demonstrated.
“Nonetheless, Fitch believes deepening globalisation in recent decades
means incentives to maintain an orderly
international environment are powerful,” he said.
Indonesia sukuk beats Malaysia in
attracting Brexit-haven funds
KUALA LUMPUR: Indonesia’s Islamic
bond yields have fallen faster than Malaysia’s in the past three months, as the
nation’s higher-yielding notes do better
at attracting investors fleeing plunging
rates in the developed world.
Yields on rupiah sukuk due 2019 slid
39 basis points (bps) in the period, compared with 26bps for equivalent paper in
Malaysia. Indonesia’s three-year Islamic
bonds pay 7.21%, while those in Malaysia yield 3.25%. Overseas investors had
pumped US$6.6 billion (RM26 billion)
into Indonesian debt as of Tuesday and
US$4.9 billion into Malaysian securities
in the first six months, data compiled by
Bloomberg show.
“On an absolute basis, Indonesia still
offers greater returns as investors chase
yield,” said Fakrizzaki Ghazali, a credit
strategist at RHB Research Institute Sdn
Bhd. “I see limited downside potential
for Malaysian sukuk yields.”
Flows into emerging-market debt
funds set a new weekly record for the
period ended July 6, according to EPFR
Global data, on concern that developed
economies will take a hit after Britain
voted to exit the European Union (EU),
forcing the US Federal Reserve (Fed) to
delay interest rate increases. Indonesian
bonds are the best performers in South-
east Asia this year after the government
passed a tax amnesty bill on undeclared
income held overseas, while a rate cut by
Malaysia’s central bank on Wednesday
helped drive gains in that nation.
RHB’s Fakrizzaki said that, with such
low yields, Malaysia is vulnerable to any
potential Fed tightening, strength in the
US dollar and the impact of lower commodity prices on the government’s finances. Malaysia is Asia’s only major net oil
exporter. Bank Negara Malaysia (BNM)
lowered borrowing costs for the first time
in seven years on Wednesday in its sole
policy shift since July 2014.
Cooling inflation had already given
Indonesia scope to ease policy this year
as price increases averaged 3.9% during the first half, compared with 2015’s
6.38%. After Malaysia’s surprise rate cut,
which was only predicted by Goldman
Sachs Group Inc in a Bloomberg survey,
the central bank lowered its projection
for consumer prices to 2% to 3% in 2016,
from 2.5% to 3.5%.
BNM cited increasing signs of moderation in major economies and downside
risks from the UK’s vote to leave the EU
as it reduced the overnight policy rate to
3%. It also cut the base for its benchmark
to 2.75%, suggesting more room for easing. — Bloomberg
8 B R O K E R S’ C A L L / T E C H N I C A L S
Slightly brighter index prospects
BY LEE CHENG HOOI
U
S equity markets
ended mixed after profit-taking
trimmed gains after the Dow Jones
Industrial Average
and S&P 500 indices surged to record highs on Monday and Tuesday. A softer tone for crude oil
caused energy stocks to succumb
to some selling activities. The Dow
rose 24.45 points to 18,372.12, while
the S&P 500 inched up 0.29 points
to end at 2,152.43 on Wednesday.
The FBM KLCI traded in a narrow range of 14.90 points for the
week with low volumes of 1.4 billion shares to 1.71 billion shares
traded. The index fell 5.61 points
and closed at 1,654.78 yesterday
from the previous day as blue-chip
stocks such as AMMB Holdings
Bhd, CIMB Group Holdings Bhd,
Kuala Lumpur Kepong Bhd, Petronas Gas Bhd and PPB Group
Bhd caused the index to decline
on some profit-taking activities.
Despite Bank Negara Malaysia’s
overnight policy rate cut to 3%, the
ringgit firmed against the US dollar
at 3.9470. Brent crude oil declined
to US$45.10 per barrel.
The FBM KLCI rose on a rally from the 801.27 low (October
2008) to its 1,896.23 all-time high
(July 2014), and it represented
an extended Elliott Wave “flat”
rebound in a “pseudo-bull’ rise
completed. The next few months’
index price movements since July
2014 comprised key swings of
1,671.82 (low), 1,867.53 (high),
1,503.68 (low), 1,727.41 (high), Channel Index (CCI), Directional
1,600.92 (low), 1,729.13 (high) Movement Index (DMI), moving
and 1,611.88 (low).
average convergence divergence
(MACD), oscillator and stochastic issuing obvious “buy” signals.
As such, the index’s obvious support levels are seen at 1,611, 1,640
and 1,652, while very heavy liquidation at the resistance areas of
The index’s price bars are now 1,654, 1,684 and 1,729 will cap the
above the 20-day and 50-day sim- index’s rise.
ple moving averages (SMAs), and
Due to the better tone for the
this depicts a minor upward phase FBM KLCI, we are recommendfor the FBM KLCI in the short term. ing a chart “buy” on Tiong Nam
Medium- to longer-term prospects Logistics Holdings Bhd. Tiong Nam
look bleaker as the weekly 50-day provides warehousing, transportaand 200-day SMAs issued a “dead tion services, cold room services
cross” in November 2015. Any bar- and leases properties. Maybank
gain hunting on the index may be IB does not cover Tiong Nam on a
met with heavy longer-term selling fundamental basis.
on rallies.
Ti o n g N a m’s h i s t o r i c a l
The index’s daily indicators are price-earnings ratio is at a low 8.7
all positive, with its Commodity times and a fair price-to-book ra-
tio of 1.14 times. Its dividend yield
remains at a good 2.4%. There has
been no obvious news on this stock
since May 2016.
Tiong Nam’s chart trend in the
daily, weekly and monthly time
frames is firmly up. From a monthly Wave 2 low of eight sen (April
2009), its share price has surged
on a Wave 3 move to an all-time
high of RM1.67 (July 2016).
As its share price broke above its
recent key critical resistance levels
of RM1.42 and RM1.50, look to buy
Tiong Nam on any dips to its support areas as the moving averages
depict a very firm short- to longterm uptrend for this stock. The
daily, weekly and monthly indicators (like the CCI, DMI, MACD and
oscillator) have issued very obvious
“buy” signals, and now show firm
and obvious indications of Tiong
Nam’s eventual surge towards much
higher levels.
It would attract very firm buying activities at the support levels
of RM1.42, RM1.50 and RM1.66.
We expect Tiong Nam to witness
minor profit-taking activities at its
only resistance level of RM1.67. Its
clear upside targets are located at
RM1.93, RM2.14, RM2.43, RM2.26
and RM2.91.
Lee Cheng Hooi is the regional
chartist at Maybank Kim Eng. The
views expressed in the article are the
opinions of the writer and should
not be construed as investment advice. Please exercise your own judgement or seek professional advice for
your investment decisions. Technical
reports appear every Wednesday
and Friday.
‘Utility stocks with cheap valuations offer higher returns’
Utilities sector
Maintain overweight rating:
What often stops investors from
buying a seemingly undervalued
stock is the fear that its price will
go even lower. In this report, we
argue that in the long run, utility stocks with cheap valuations
offer higher returns to investors
than those with rich valuations.
Our analyses show that the stocks
with relatively cheaper valuations
— Tenaga Nasional Bhd (TNB),
YTL Power International Bhd and
Cypark Resources Bhd — not only
offer more favourable risk-reward,
but also stronger long-term earnings growth prospects than Petronas Gas Bhd, Malakoff Corp Bhd
and Gas Malaysia Bhd.
Utility stocks under our coverage can be roughly divided into
two camps. Firstly, those with
earnings uncertainty or ambiguity, such as TNB, YTL Power
and Cypark, trade at only nine
to 16 times calendar year 2017
forecast (CY17F) price-earnings
ratio (PER). Secondly, those with
historically stable and predictable
earnings, such as Petronas Gas,
Malakoff and Gas Malaysia, trade
at steep valuation levels of 17 to
24 times CY17F PER.
Our analyses show that the valuations of stocks in the former
camp will still be on par, if not
cheaper, than those of stocks in
the latter camp even if all the key
earnings risks of the former materialise. This, coupled with the
probability that the earnings risks
may never happen, means that the
former group offers far superior
risk-reward than the latter.
On top of that, TNB, YTL Power
and Cypark have stronger earn-
ings growth prospects than Petronas Gas, Malakoff and Gas Malaysia. Companies in the former
camp, in our opinion, operate in
an environment where there is
an abundance of horizontal expansion opportunities.
We believe cheap utility stocks
could react more strongly to positive news than to negative news
as positive news gives the market
a reason to buy the stocks, while
the impact of negative news is
buffered by their already-cheap
valuations.
TNB remains our top pick for
the sector as its valuation is not
only relatively cheaper, it also
has a strong potential near-term
rerating catalyst. TNB currently
trades at only 10.8 times CY17F
PER and may raise its dividend
payout as part of its initiative to
optimise its capital structure. —
CIMB Research, July 13
TNB’s valuation is not only relatively
cheaper, it also has a strong potential
near-term rerating catalyst. The Edge
file photo
Utilities sector
COMPANY
Tenaga Nasional
YTL Power International
Cypark Resources Bhd
Petronas Gas
Gas Malaysia Bhd
Malakoff Corp
Malaysia Average
RECOM
PRICE
(LC*)
Add
Add
Add
Hold
Reduce
Hold
14.18
1.40
1.96
22.34
2.38
1.62
*LC: Local currency
Source: CIMB, company reports, Bloomberg
3-YEAR EPS
TP MARKET CAP
CORE PER (X)
(LC*)
(US$ MIL) CY2016 CY2017 CAGR (%)
16.40
1.45
2.30
22.30
1.80
1.55
20,038
2,705
124
11,068
765
2,028
10.8
15.3
10.2
25.1
27.1
14.4
15.2
10.8
15.8
9.0
24.5
18.4
16.9
14.8
5.8
-17.9
1.0
1.2
-0.3
12.0
2.2
P/BV (X)
RECURRING ROE (%) EV/EBITDA (X)
CY2016 CY2017 CY2016 CY2017 CY2016 CY2017
1.47
0.99
1.34
3.69
3.15
1.36
2.06
1.34
0.99
1.20
3.53
3.15
1.32
1.94
14.1
6.4
12.4
14.5
11.3
9.3
12.8
13.0
6.3
14.0
14.8
17.1
7.9
12.4
6.4
11.6
11.3
14.3
15.4
7.7
9.0
5.9
12.8
9.2
13.4
11.7
7.6
8.5
DIV YIELD (%)
CY2016 CY2017
2.6
6.4
2.6
2.8
3.7
4.9
3.1
2.6
6.4
2.6
2.9
5.4
4.1
3.1
10 B R O K E R S’ C A L L
Market seen moving into
M-REITs on OPR cut to 3%
M-REIT sector
Upgrade to overweight: Much to
our surprise, Bank Negara Malaysia (BNM) cut the overnight policy
rate (OPR) by 25 basis points to 3%
and we believe this will continue to
spur the market to move into yield
assets, and Malaysian real estate
investment trusts (M-REITs) are
often the darling of equity investors during monetary easing due
to their stability and high-yielding
nature, despite the average yield
being compressed to 6.2%.
Moving forward, we expect the
potential downside for M-REITs
from external factors to be limited, with no immediate risk of a
narrowing yield spread given the
monetary easing bias and their
relative attractiveness amid a lowyield environment and uncertainties in the global market.
In line with our previous expectations, local consumption is
getting a further boost from the
expected interest savings resulting
from the OPR cut and improved
sentiment, on top of normalisation
of the goods and services tax effect,
festive seasons and measures to
support disposable income, which
are a relief to our earlier worry
about softer rental reversion.
While lower interest rates
lead to potentially lower interest expenses, we do not expect
significant interest savings for
M-REITs on their borrowings as
the majority of their borrowings
are in fixed rates, except for Axis
REIT and CapitaLand Malaysia
Mall Trust, whose exposure to the
floating rate are about 50% and
25% respectively as of financial
year 2015.
Another near-term potential
catalyst for the sector is the possi-
M-REIT sector peers comparison
COMPANY
FYE
PRICE
(RM)
MARKET
CAP
(MIL)
PER
(X)
Amanah Harta Tanah PNB
Dec
2016
1.02
102.0
na
Al-’Aqar Healthcare REIT
AmFIRST Real Estate Investment Trust
Dec
1.56
1,136.0
17.9
17.7
1.3
1.3
5.4
Mar
0.77
525.1
19.1
19.1
0.6
0.6
5.2
Amanahraya Real Estate Investment Trust
Dec
Atrium Real Estate Investment Trust
Dec
0.92
527.4
13.5
13.3
0.8
0.8
7.4
1.07
130.3
10.7
9.7
0.8
0.8
9.3
Axis Real Estate Investment Trust
Dec
1.75
CapitaMalls Malaysia Trust
Dec
1.60
1,934.1
19.0
18.8
1.4
1.4
5.0
3,245.3
18.0
17.2
1.1
1.1
5.5
Hektar Real Estate Investment Trust
Dec
1.53
613.0
13.3
12.8
1.0
1.0
7.2
IGB Real Estate Investment Trust
Dec
1.69
KLCCP Stapled Group
Dec
7.70
5,886.8
21.4
20.9
1.6
1.6
5.0
13,901.1
18.9
18.0
0.9
0.9
4.7
MRCB Quill Real Estate Investment Trust
Dec
1.20
793.7
Pavilion Real Estate Investment Trust
Dec
1.84
5,556.4
13.6
13.2
0.9
0.9
7.1
21.4
19.6
1.4
1.4
4.8
Al-Salam Real Estate Invesment Trust
Mar
1.05
609.0
19.1
16.2
na
na
4.7
Sunway Real Estate Investment Trust
June
1.74
5,119.8
19.8
18.5
1.3
1.3
5.2
2017
2016
na
na
P/BV
(X)
GROSS DY
(%)
2017
2016
na
na
Tower Real Estate Investment Trust
Dec
1.22
342.2
10.2
10.2
0.7
0.7
9.8
UOA Real Estate Investment Trust
Dec
1.68
710.4
15.3
15.3
1.0
1.0
6.5
June
1.10
1,456.8
13.8
15.7
0.7
0.9
5.5
16.4
16.0
1.0
1.0
6.2
YTL Hospitality REIT
Average
Source: HLIB, Bloomberg
ble revision of REIT guidelines by
the Securities Commission Malaysia to allow for green development
up to a certain percentage of total
asset value, similar to Singapore
and Hong Kong, which allow development up to 25% and 10% of
total value respectively.
Catalysts include: i) potential acquisition of quality assets
to achieve growth as the softer
property outlook presents such
opportunities; ii) higher disposable income may spur retail spending, which will in turn boost retail
REITs; iii) regulatory intervention
in limiting the supply for offices
and malls; and iv) a change in
regulation with regard to green
development.
In our view, risks to consider are:
i) a prolonged erosion in consumer sentiment; ii) failure to execute
planned asset injections and strategies; and iii) a significant slowdown
in broad economic activities.
We upgrade the M-REIT sector
to “overweight” on monetary easing bias with limited downside risk.
The cautious outlook for the REIT
sector is relieved by the accommodative monetary conditions, coupled with stability, attractive yield
and sustainable interest among
investors in the low global yield
environment.
We revise our assumption of
10-year Malaysian Government
Securities’ yield to 3.5%, from 4%
previously, and valuations are
based on a one-year historical
average yield spread, in line with
our house view on the possibility
of further monetary easing in the
near future.
Our top picks for the sector are
MRCB-Quill REIT (target price
[TP]: RM1.34), Pavilion REIT
(TP: RM1.98) and KLCCP Stapled
Group (TP: RM8.38). — HLIB Research, July 14
‘Investors
expected to look
for reasons not to
own Globetronics’
Globetronics Technology Bhd
(July 14, RM3.29)
Maintain hold with an unchanged
target price (TP) of RM3.70: We
maintain our “hold” call on Globetronics Technology Bhd with an unchanged TP of RM3.70. Investors
have generally hit the reset button
on Globetronics after the negative
surprise of a delay in the adoption of
3D imaging sensors by its end-customer. From a sentiment standpoint,
we think investors will continue to
look for reasons not to own the stock
rather than the other way around,
despite its share price having corrected significantly. This makes the
backdrop of the stock interesting
because current expectations for
Globetronics are already so low that
any positive events could help to rerate the stock, in our view.
The only caveat here is the timing
of these positives. If the new proximity and gesture sensors could be
confirmed for mass production soon,
this should lead to some meaningful upside to our consensus financial year 2016 (FY16) numbers, and
more in FY17 and FY18.
Otherwise, Globetronics still has
a positive growth story looking out
to FY17 and FY18 from the strong
pipeline of sensors, but it will take
a few quarters more for these new
sensor programmes to get within
the view in order for investors to
get convinced.
We see no near-term catalysts
for the stock due to current low orders for proximity sensors, and uncertainty over new sensor product
introductions.
Globetronics has only one customer for its sensor division. In
addition, its sensor products are
also supplied exclusively to a single
end-customer. However, the fact that
Globetronics is being included and
is privy to its immediate customer’s
product road map suggest that the
relationship is still strong. — AllianceDBS Research, July 14
BNM’s decision positive for sentiment on property
Property sector
(July 14)
Maintain neutral: Bank Negara
Malaysia (BNM) has cut its overnight policy rate by 25 basis points
(bps) to 3%.
In our scenario analysis, we have
assumed mortgage financing cost
to reduce from an average of 4.6%
to 4.35%.
Based on our calculations, a
25bps rate cut will reduce monthly instalments by about 3% or RM67
per month for a RM500,000 property with a loan tenure of 30 years.
For every RM3,000 of fixed
monthly instalments, a 25bps
rate cut will raise the amount of
loan eligibility from RM585,000 to
RM603,000, or a 3% increase.
We opine that a 25bps rate cut
would not impact underlying demand significantly, given the muted
impact on affordability. However,
we view the rate cut positively for
the near-term sentiment, given low
expectations for the property sector.
BNM said previous property
cooling measures, such as the removal of the Developer Interest
Bearing Scheme and the Real Property Gains Tax hike, had successfully reined in property speculation
activity. As such, we do not rule out
any potential relaxation of property
measures. High-beta stocks, such
as Eco World Development Group
Bhd (non-rated) and UEM Sunrise
Bhd (hold) are main beneficiaries.
Sector valuation is trading at 0.75
times price-to-book value (P/B),
slightly above the -1 standard valuation (SD) band (at 0.68 times),
versus the crisis level of 0.47 times
and the average of 0.81 times. For
the revalued net asset valuation
band, the sector (big-cap) is also
trading at a 43% discount, slightly
above -1 SD. Any potential relaxation of property measures will be
Property sector peers comparison
COMPANY
IOI Properties
UEM Sunrise Bhd
S P Setia Bhd
Mah Sing Group
Sunway Bhd
Matrix Concepts
Tambun
Glomac Bhd
Eco World Development
Average
CURRENT
PX
RECOMM
2.48
1.09
2.92
1.55
2.97
2.55
1.50
0.79
1.33
–
Buy
Hold
Hold
Hold
Buy
Buy
Hold
Hold
Nr
–
TP
2.77
0.91
3.12
1.41
3.72
2.91
1.40
0.80
–
–
UPSIDE
(%)
MARKET
CAP (MIL)
DISCOUNT
TO RNAV
CY16
PER (X)
CY17
12
-16
7
-9
25
14
-7
1
–
–
10,939.8
4,945.8
7,701.9
3,734.6
5,974.6
1,441.5
638.1
571.5
3,144.5
–
(41.8)
(64.2)
(39.1)
(34.1)
–
(29.9)
(35.5)
(55.5)
(42.2)
(42.8)
16.8
22.5
10.9
9.7
9.6
6.2
7.6
6.6
30.0
13.3
14.7
15.8
12.0
8.6
8.7
5.9
6.8
6.5
15.6
10.5
Source: HLIB Research
a key rerating catalyst. We rate the
property sector as “neutral”, with
upside bias in anticipation of potential easing of property measures.
Positives include favourable demographics with a housing inflation
hedge, while negatives include a
prolonged weakening in consumer
sentiment and tightening policy.
Our top picks for the sector are:
i) IOI Properties Group Bhd (buy;
target price [TP]: RM2.77), given
that it is only trading at 0.7 times
calender year 2016 P/B, compared
with its peers at an average of one
times (we believe the stock war-
rants a rerating, given its strong
track record in township development and its attractive valuation);
and ii) Matrix Concepts Holdings
Bhd (buy; TP: RM2.91), as the dividend yield for Matrix is one of the
highest in the sector at 6%. — HLIB
Research, July 14
H O M E 11
High Court orders TV3
to pay Nizar RM200,000
Case pertains to twitter statement about the ‘WWW1’ vehicle registration number
KUALA LUMPUR: The High Court
here ordered Sistem Televisyen Malaysia Bhd (TV3) to pay RM200,000
in damages to former Perak menteri
besar Datuk Seri Mohammad Nizar
Jamaluddin.
The case pertained to Nizar’s twitter statement about the “WWW1” vehicle registration number, which was
carried by TV3 in its Buletin Utama
on May 30, 2012.
Deputy registrar Hanie Dzatul
Akhmar Zulkefli made the order in
Prosecution
drops appeal
against Tian
Chua’s acquittal
PUTRAJAYA: The prosecution
withdrew its appeal yesterday
against Batu member of parliament Tian Chua’s acquittal on
a sedition charge.
Court of Appeal Judge Datuk Tengku Maimun Tuan Mat,
who chaired a three-member
panel, struck out the appeal
after deputy public prosecutor
K Mangai informed the court
that the prosecution had withdrawn its appeal against Tian
Chua.
The other two judges on the
panel were Justices Datuk Ahmadi Asnawi and Datuk Zabariah Mohd Yusof.
With this development, Tian
Chua or Chua Tian Chang’s
acquittal remains. The Court
of Appeal is the last avenue for
the prosecution to appeal as
this case had originated from
the Sessions Court.
On March 2, 2016, the Kuala Lumpur High Court upheld
the Sessions Court’s decision
to acquit Tian Chua of sedition
after rejecting the prosecution’s
appeal.
Judicial commissioner Datuk Nordin Hassan ruled that
the prosecution had failed to
prove that Tian Chua had uttered seditious words in regard
to the Lahad Datu intrusion,
in an article on a news portal.
On Nov 14, 2014, Sessions
Court Judge Norsharidah
Awang discharged and acquitted Tian Chua, 52, without calling for his defence.
Tian Chua was accused of
sedition by stating that the intrusion in Lahad Datu was a
conspiracy planned by Umno
to divert attention and to frighten the people.
Tian Chua, who was present
at the proceedings, was represented by counsel Eric Paulsen.
— Bernama
chambers yesterday, during which
the plaintiff was represented by counsel Mohd Fitri Asmuni, and TV3 by
counsel Lim Qi Si.
Mohd Fitri told reporters later
that the court set the amount based
on Nizar’s former position as Perak
menteri besar and Perak state legislative assembly opposition leader.
He said the court also found that
TV3 had failed to practise responsible
journalism in broadcasting the news.
On Feb 24, the Federal Court ruled
that there was no bias in the Court of
Appeal’s decision to find TV3 liable
for disparaging Nizar.
Nizar filed a RM50 million suit
against the television station alleging
that the defendant had disparaged
him by twisting his comments about
the “WWW1” bid that was successfully won by the Sultan of Johor for
RM520,000 in May 2012.
He named TV3 and its Buletin
Utama producer Rohani Ngah as
defendants.
On April 12, 2013, the High
Court dismissed the Bukit Gantang
member of parliament and former
Pasir Panjang assemblyman’s case;
he resorted to the Court of Appeal,
which ruled in his favour.
On Feb 25, 2014, the Court of
Appeal remitted the case to the
High Court for assessment of damages.
Lim said he would seek his client’s advice on whether to appeal
against the judgement. — Bernama
Azalina, Nancy get new portfolios
PUTRAJAYA: Minister in the Prime
Minister’s Department Datuk Seri
Azalina Othman Said has been put
in charge of the Legal Affairs Division (BHEUU), Prime Minister’s
Department (JPM), effective June
28.
In a statement yesterday,
BHEUU said Azalina had replaced
Nancy Shukri, who was previously
in charge of the division, following
the reshuffling of portfolios under
JPM recently.
“We are honoured to receive the
presence of Azalina and we believe
that with her leadership, BHEUU
will continue to play an important
role in national legal affairs.
“As a minister with law qualifications and as a legal practitioner
for over 25 years, we are confident
Azalina will give new touches and
ideas in achieving BHEUU’s mission, vision and objectives,” it said.
Nancy will now oversee the Malaysian Innovation Agency, Malaysia Nuclear Power Corp and Malaysian Industry Government Group
for High Technology.
Nancy will also be responsible
Nancy (left) will now oversee the Malaysian innovation Agency, while Azalina will be in
charge of the Legal Affairs Division of JPM, effective June 28.
for the agencies which were under
her purview before the cabinet reshuffle, namely the Public Land
Transport Commission, Commercial Vehicle Licensing Board (CVLB)
Sarawak and CVLB Sabah.
Prior to this, Nancy was also
the minister responsible for the
Malaysia Department of Insolvency, Legal Aid Department, Federal Court Chief Registrar’s Office,
Advisory Board of JPM, National
Legal Aid Foundation, Judicial and
Legal Service Commission, Judicial
and Legal Training Institute, Kuala
Lumpur Regional Centre for Arbitration and the Judicial Appointments Commission Malaysia.
Azalina will now oversee these
agencies.
Nancy said she was looking forward to working with innovation
and industry players from different
sectors. — Bernama
Court proposes mediation in Mukhriz-Sharifuddin case
KUALA LUMPUR: The High Court
here proposed that Datuk Seri
Mukhriz Mahathir’s defamation
case against the prime minister’s
press secretary Datuk Seri Tengku Sharifuddin Tengku Ahmad be
settled via mediation.
The former Kedah menteri besar’s lawyer Irzan Iswat Mohd Nor
disclosed this to reporters after case
management yesterday before judicial commissioner Datuk Roslan Abu
Bakar in chambers. Lawyer Ooi She
Yi represented the defendant.
According to Irzan Iswat, the court
also fixed Aug 10 for case management on the proposed mediation.
Mukhriz, 51, filed the lawsuit on
May 3, claiming slander by the defendant in four statements issued
on April 15, 20, 23 and 26.
He referred to Tengku Sharifuddin’s statements, on “Donation
confirmation by Saudi Arabian foreign minister”; on “Former DPM’s
reuters interview”; in response to
Mukhriz Mahathir’s statement; and
on Tun Mahathir Mohamed and
Mukhriz Mahathir.
The statements, alleged Mukhriz,
had implied that Dr Mahathir and
Tan Sri Muhyiddin Yassin were colluding to overthrow the government
and that he was directly involved
in the duo’s purported conspiracy.
Tengku Sharifuddin in his statement of defence, filed on June 14,
denied that the four statements
had disparaged Mukhriz. He said
the statements were to counter the
false accusations against Datuk Seri
Najib Razak.
He said he did not have any bad
intention or malice in issuing the
media statements, which were for
information and in the interest of
the Malaysian people.
He said he had a heavy and big
responsibility to counter the false
accusations so that the society would
see the real picture and facts, which
had been twisted by irresponsible
elements for political motives.
Tengku Sharifuddin said as a
civil servant and press secretary
to the prime minister, he had a
responsibility and duty to explain
and issue statements on the political situation in the country.
He said his media statements
were fair and justifiable, based on
facts and pertinent issues. — Bernama
IN BRIEF
Health ministry formalising guidelines and audit
on water birthing
PUTRAJAYA: The health ministry
is in the final stage of formalising
a set of guidelines and audit to ensure the safety of women choosing water birthing as their mode
of delivery. Director General of
Health Datuk Dr Noor Hisham
Abdullah said once implemented, hospitals that wish to provide
water birth facilities and services
could apply to the ministry. Dr
Noor Hisham said the ministry
was aware that water birth had
been practised in some private
hospitals in Malaysia for several
years. However, there are growing
concerns that more women are
opting for this delivery method,
and it is of utmost importance to
ensure that it is safe for both the
mother and baby. — Bernama
MCMC blocks 11
websites, 22 links
promoting IS in Malay
KUALA LUMPUR: The Malaysian
Communications and Multimedia Commission (MCMC) has
blocked 11 websites and 22 URL
links that propagate the Islamic
State (IS) ideology in the Malay
language, said Communications
and Multimedia Minister Datuk
Seri Dr Salleh Said Keruak. He
said the action was taken following the MCMC’s monitoring of new media outlets with
the cooperation of the relevant
government agencies. Salleh said
the cooperation of all parties is
important and the government
wishes to seek help from the
public to inform the MCMC if
they have any information on
this matter. — Bernama
Driver of tour bus
released on police bail
IPOH: The driver of the tour bus
which rammed into 10 vehicles
near Menora Tunnel last Sunday
was released on police bail yesterday after his four-day remand
expired. District police chief ACP
Sum Chang Keong said the driver aged 51 could not be charged
yet as police had not received the
relevant report from the Computerised Vehicle Inspection Centre. Sum said police had also
recorded statements from the
other vehicle owners and passengers in the bus. Brake failure
was believed to have caused the
bus to ram into the 10 vehicles
at KM265.8, North-South Expressway (southbound), around
2.45pm. — Bernama
Najib congratulates UK’s
new PM
KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak congratulated Theresa May yesterday
on her appointment as the new
premier of the UK. Najib said he
was looking forward to working
with May in further strengthening
relations between the UK and
Malaysia. “Congratulations @
theresa_may. Looking forward to
work with you to further strengthen UK-Malaysia ties, especially trade and investment,” said
Najib on his Twitter account @
NajibRazak here yesterday. —
Bernama
12 H O M E
Selangor state assembly
exceeded its powers
When it issued summons to lawyer to answer charges for contempt — Federal Court
PUTRAJAYA: The Selangor State
Legislative Assembly exceeded its
jurisdiction when it issued a summons to a lawyer to answer charges
for contempt of the assembly, the
Federal Court ruled yesterday.
A five-man bench chaired by
Chief Judge of Malaya Tan Sri Zulkefli Ahmad Makinudin held that
there was no provision in the Selangor State Constitution that provided
for contempt committed outside
the legislative assembly.
Datuk Mohd Hafarizam Harun
was issued with a summons on
April 12, 2011, to appear before the
house rights and privileges committee to answer contempt charges
for allegedly sending a letter of demand to the solicitors of the then
speaker of the state assembly Datuk Teng Chang Khim to demand
payment of RM40,000 in legal costs
pursuant to a court order.
Teng had, on Jan 19, 2011, declared the Port Klang seat vacant,
claiming that former Port Klang
assemblyman Badrul Hisham Abdullah was absent without leave
from the state assembly sitting for
six consecutive months, but the
Shah Alam High Court reversed
the order on Feb 18, 2011, and ordered Teng to pay RM40,000 in legal costs to Badrul Hisham. Mohd
Hafarizam was representing Badrul
Hisham at the time.
The committee subsequently heard the summons and fined
Mohd Hafarizam RM20,000 for
the contempt although Mohd Hafarizam did not appear before the
committee.
In his judgement, Justice Zulkefli
said that the state assembly must act
within its constitutional and legal
powers before it could be protected
from any intervention by the court
under Article 72 (1) of the Federal
Constitution in passing a resolution of an act of contempt that was
committed beyond the walls of the
assembly.
He said the appellants — the
state assembly, the house rights and
privileges committee secretary Mohamad Yasid Bidin and the house
rights and privileges committee —
had failed to show which provision
in the Selangor State Constitution
they relied on to pass the resolution
to issue the summons on Mohd
Hafarizam.
“We note in the present case
that the standing orders of the assembly and the Contempt of the
House Enactment reveals no provision prescribing for contempt
committed beyond the walls of the
assembly,” he said.
Justice Zulkefli said it was the
court’s view that the resolution prescribing the alleged contempt, and
to refer Mohd Hafarizam to the
committee was unconstitutional.
“The power of Parliament and
the legislative assemblies of the
states of Malaysia are limited by the
Federal Constitution and the state
constitutions respectively,” he said.
The panel, which also included
Federal Court judges Tan Sri Suriyadi Halim Omar, Tan Sri Hasan
Lah, Tan Sri Zainun Ali and Datuk
Aziah Ali, unanimously dismissed
the appellants’ appeal to set aside
the High Court and Court of Appeal’s decision which ruled in favour of Mohd Hafarizam. The court
also ordered the appellants to pay
RM30,000 in legal costs to Mohd
Hafarizam. — Bernama
UTM lecturer
behind
controversial
slides sacked
PUTRAJAYA: The Universiti
Teknologi Malaysia (UTM) lecturer behind the controversial
lecture slides for the Islamic and
Asian Civilisation Studies (Titas)
module, which hurt the sensitivities of Hindus and Sikhs, was
sacked on Wednesday.
Higher Education Minister
Datuk Seri Idris Jusoh said UTM
decided to sack the lecturer, who
was on contract, as he had not
followed the module set by the
university.
“The module issued was to
serve as a guideline for all lecturers but the controversy occurred because this lecturer did
not follow it,” he said at a press
conference, here, yesterday.
“UTM had set up a committee comprising a number of professors from various cultural and
religious backgrounds, and they
admitted that what the lecturer
taught was not in line with what
it should be,” he added.
In light of this, Idris urged
the administrations of all universities in the country to always monitor course content
to avoid a recurrence of such a
controversy in future.
Idris also touched on visa requirement for visitors from Middle Eastern countries, which was
proposed by the National Security Council to curb the Islamic
State threat in Malaysia.
“We have met with the Royal
Malaysian Police, home ministry
and immigration department to
outline the actions that need to
be taken,” he said. — Bernama
1,914 wild
animals
killed in road
accidents
since 2011
PUTRAJAYA: Natural Resources
and Environment Minister Datuk
Seri Dr Wan Junaidi Tuanku Jaafar
said 1,914 wild animals including
civets, wild boars, marbled cats
and tapirs had been killed in road
accidents since 2011.
Mammals made up the largest
number of animals killed in these
accidents, and they totalled 1,110,
he said.
These protected species were
killed on federal, state and municipal
roads involving 61 road and highway
networks in the whole country, he
said in a statement here yesterday.
“This conflict between man and
wildlife can be averted if operators
of development and utility projects
have a high level of concern about
the importance of wildlife and their
conservation and protection.
“We have to understand that
wildlife depend totally on us to protect them and that they too have a
right to live on this earth,” he said.
Of the 61 road networks, Wan
Junaidi said, five had been identified as “roadkill” hotspots, namely Jalan Kuala Lipis-Gua Musang,
Jalan Kulai-Kota Tinggi, Jalan Gua
Musang-Kuala Krai, East Coast Expressway and Jalan Taiping-Selama.
We have to understand
that wildlife depend
totally on us
to protect them.
JUMBO JOB ... Personnel from the Wildlife and National Parks Department and the National Elephant Conservation Centre at
Kuala Gandah, Pahang, recording the statistics of a wild bull elephant (left) in Jeli, Kelantan, after it was subdued with the help of a tame
female and relocated to Taman Negara yesterday. Photo by Bernama
Johor government to sue palm
oil mill over water pollution
KOTA TINGGI: The Johor government is to sue a palm oil mill of a
government-linked company (GLC)
for causing ammonia pollution in
the Johor River that temporarily
disrupted water supply to 120,000
people.
Menteri Besar Datuk Seri Mohamed Khaled Nordin said yesterday the state government would
not compromise on the matter of
environmental pollution, even if the
offence was committed by GLCs.
The pollution, which occurred
two days ago, forced the temporary
shutdown of three water treatment
plants, Sungai Johor, Semanggar and
Tai Hong, after SAJ Holdings detected higher than the permissible level
of ammonia in the source water.
“We have taken samples of water
from the river for the department of
environment to analyse. The result
is expected in a week.
“We intend to sue the mill [of
the GLC] for contributing to pollution and undermining the well-being of the people in the vicinity,”
he told reporters here.
On Tuesday, SAJ Holdings detected higher than the permissible level of ammonia at the three
water treatment plants and shut
them down temporarily, resulting in disruption in the supply of
water to 120,000 people in Skudai,
Kulai, Iskandar Puteri, Tanjung Bin
Power Plant and Tanjung Pelepas
port areas.
Two of the plants, Sungai Johor
and Semanggar, resumed operations on Wednesday. — Bernama
He said it was hoped that the
authorities responsible for development and road construction would
avoid building roads or highways
traversing jungle areas.
In the event that this was unavoidable, they should make room
for wildlife crossings by having elevated roads, animal viaducts or
tunnels to maintain uninterrupted
jungle networks or links, he said.
Referring to the male tapir that
was knocked down at Km25 of Jalan
Kuantan-Gambang on Monday,
Wan Junaidi advised road users to
exercise greater caution in the area.
Besides, he also wanted the Department of Wildlife and National
Parks to put up more wildlife crossing road signs at identified locations
to prevent wild animals from being
run over by vehicles.
Wan Junaidi said the department
had taken several proactive measures to address the issue, among
them are installing 236 wildlife
crossing road signs at 133 hotspots
in Peninsular Malaysia.
He also said that 37 transverse
bar sets and 24 units of solar amber
light had been installed at eight locations along the Central Forest Spine.
“The department has also build
viaducts for wildlife crossing at
three wildlife corridor locations,
in Sungai Deka, Terengganu, Sungai Yu, Pahang, and Gerik, Perak,
to address the ‘roadkill’ problem,”
he said. — Bernama
COMMENT 13
History should vindicate Cameron
He changed British politics, and for the good
BY E D I TO R I AL B OA RD
H
istor y’s verdict
on David Cameron, who stepped
down as the UK’s
prime minister on
Wednesday, is likely
to be harsh. By calling a referendum
on Britain’s membership in the European Union (EU), it will be said,
he gambled with the country’s prosperity for partisan political advantage. What is worse, he lost — and
history has no sympathy for losers.
He did gamble, he did lose, and
the consequences for the UK are
going to be serious. Even so, that
verdict would be much too harsh.
In important ways, Cameron was
an impressive leader.
Future historians first ought to
note that when it came to Europe,
Cameron had no good options. Discontent with the EU runs broad and
deep in Britain, as the referendum
result confirmed. For that reason,
planning on business as usual in
UK-EU relations would have been a
gamble, too, and not just for Cameron’s Conservative Party. Cameron could have postponed the UK’s
EU vote, but that would not have
resolved the UK’s EU crisis.
Trying to resolve such complex
matters by popular vote is nearly
always unwise — representative
democracy is the better model —
but failing to notice or respond to
widespread disaffection is danger-
Cameron with his wife Samantha,
waving in front of 10 Downing Street,
on his last day in office as prime
minister, in London, Britain, on
Wednesday. Photo by Reuters
ous too, sometimes more so. A political class that sets its face against
a settled majority of voters puts democracy itself in jeopardy (and by
failing to register the strong anti-EU
sentiment in their own electorates,
it is a risk some European leaders
are courting even now).
So Cameron miscalculated.
Yet his virtues should not be overlooked. He led a successful coalition
government — the first of the postwar era, and an arrangement that
does not come easily to British pol-
itics. Despite setbacks and controversy, he steered the UK economy
to a better recovery from the crash
than the rest of Europe achieved.
He then defied the polls and won
re-election, this time with a parliamentary majority.
He can fairly claim to have modernised conservatism in Britain,
giving it a more pragmatic and
humanitarian slant — greatly increasing foreign aid, for example,
and working to make gay marriage
legal. Cameron’s Tory party was
pro-market, pro-enterprise, environmentally aware and socially
tolerant. That is an appealing combination. At last year’s Tory party
conference he said: “Opportunity
does not mean much to a British
Muslim if he walks down the street
and is abused for his faith. Opportunity does not mean much to a
black person constantly stopped
and searched by the police because
of the colour of their skin. Opportunity does not mean much to a gay
person rejected for a job because
of the person they love. It does not
mean much to a disabled person
prevented from doing what they are
good at because of who they are. I
am a dad of two daughters — opportunity will not mean anything
to them if they grow up in a country
where they get paid less because of
their gender rather than how good
they are at their work. The point is
this: You cannot have true opportunity without real equality. And
I want our party to get this right.”
No standard-issue Tory, he got
a standing ovation. Cameron’s
career ended in failure, but let
the record also show: He changed
British politics, and for the good.
— Bloomberg
A strategy to unite and safeguard Europe
BY F E D ER I C A
MO G H ER I N I
THE purpose — and even the survival — of the European Union (EU)
is being questioned as never before. In fact, Europe’s citizens and
the world need a strong EU now
more than ever.
Europe’s wider region has become less stable and more insecure
in recent years. Moreover, the crises
within and beyond the EU’s borders
are directly affecting the lives of all
European citizens.
In challenging times such as
these, a strong EU is one that thinks
strategically, shares a vision, and
acts together. In the wake of the
UK’s vote to “Brexit” the EU, we Europeans will indeed have to rethink
how our union works; but we know
very well what we need to work for.
We know what our principles, interests and priorities are. This is no
time for political uncertainty. The
EU needs a strategy that marries a
shared vision to common action.
None of the EU’s member states,
acting alone, has the strength to address the threats that Europe faces.
Nor can they seize the opportunities presented by today’s global
economy alone. But as a union of
more than a half-billion citizens,
Europe’s potential is unparalleled.
Our diplomatic network is broad
and deep, covering every corner of
the globe. Economically, we are in
the world’s G3, alongside China
and the US. We are the top trading
partner and foreign investor for almost every country in the world.
Together, the EU’s member states
invest more in development cooperation than the rest of the world
combined.
It is also clear, though, that we
in Europe are not making full use
of this potential, at least not yet. A
vast majority of our citizens understands that we need to take collective responsibility for our role in the
world. Our partners, too, expect the
EU to play a major role, including
as a global security provider.
The EU can deliver on its citizens’ needs and make its partnerships work only if we all act
together — EU institutions and
national governments, at all levels, united. This is exactly the aim
of the Global Strategy for European Foreign and Security Policy,
which I recently presented to the
leaders of the member states and
to the European Commission and
European Council.
This strategy, the EU’s first in
over a decade, focuses on defence
capabilities and antiterrorism as
much as on job opportunities, social inclusion, and human rights. It
deals with peace building and the
resilience of states and societies in
and around Europe.
The EU has always prided itself
on its soft power — and it will continue to do so, because we are the
best in this field. But the idea that
Europe is an exclusively “civilian
power” does not do justice to an
evolving reality.
For example, the EU currently
conducts 17 military and civilian
operations around the world. In
places as far afield as Afghanistan
and Congo, Georgia and the Sahel,
Moldova, Somalia and the Mediterranean, thousands of men and
women serve under the European
flag. For today’s Europe, soft and
hard power go hand in hand.
This Global Strategy for European Foreign and Security Policy
nurtures the ambition of strategic autonomy for the EU, which is
necessary to promote our citizens’
common interests, as well as our
principles and values. Yet we know
that such priorities are best served
when we are not alone, and in an
international system based on mul-
tilateralism and rules, not on global
policemen and lone warriors.
This is why the EU will continue
to deepen the transatlantic bond
and our partnership with Nato,
while also connecting to new players and exploring new formats to
advance our strategy. The EU will
invest in regional institutions, and
in cooperation within and among
regions. And we will promote global
governance reforms that can meet
this century’s challenges.
As we do this, we will engage in a
practical and principled way, sharing global responsibilities with our
partners and contributing to their
strengths. Two decades of spreading global uncertainties have taught
us a clear lesson: My neighbour’s
weaknesses and my partner’s weaknesses are my own weaknesses. So
we will move beyond the illusion
that international politics can be a
zero-sum game.
Acting with resolution in this
way will make each of the EU’s
member states — and each citizen of our union — better off. But
all the goals outlined here can be
achieved only by a truly united and
committed Europe. Joining all our
cultures together to achieve our
shared goals and serve our common interests is a daily challenge,
but it is also our greatest strength:
Diversity is what makes us strong.
Our interests are indeed common European interests, and the
only way to serve them is by common means. That is why all Europeans, and all EU member states,
have a collective responsibility to
strengthen our union.
The people of Europe need unity
of purpose and action among our
member states. A fragile world calls
for a more confident and responsible EU, equipped with an outwardand forward-looking foreign and
security policy. The new Global
Strategy for European Foreign and
Security Policy will guide us as
we work toward a union that truly
meets its citizens’ needs, hopes and
aspirations; a union that builds on
the success of 70 years of peace;
and a union strong enough to contribute to peace and security in our
region and worldwide. — Project
Syndicate
Federica Mogherini is high representative of the European Union for
foreign affairs and security policy,
and vice president of the European
Commission. She was formerly Italy’s minister of foreign affairs and
international cooperation.
14 W O R L D B U S I N E S S
Aussie nears
two-month high
on jobs; kiwi
drops on outlook
BY C H IKA KO MOGI
& N E T TY I SMA I L
TOKYO/SINGAPORE: Australia’s dollar held near its highest
since early May after a report
showed full-time employment
in the nation surged last month.
New Zealand’s dollar tumbled
as the central bank’s plan to
update its economic assessment spurred speculation for
a rate cut.
The Aussie headed for a seven-week rally that would be its
longest winning streak since
2012, after official data showed
full-time jobs jumped by 38,400
in June. The kiwi headed for its
steepest weekly drop since May
6 amid speculation that the
Reserve Bank of New Zealand
(RBNZ) might seek to weaken
the currency.
“The strong growth in fulltime employment offsets the
weakness in the total employment number and the rise in
unemployment rate,” David
Forrester, a foreign-exchange
strategist at Credit Agricole
SA’s corporate and investment-banking unit in Hong
Kong, said of the Aussie data.
“I would expect a bit of a short
squeeze in the Australian dollar
on this modestly positive number” as the market “was looking
for a soft outcome”.
The Aussie was little changed
at 76.19 US cents as of 6.28am in
London, after rising to 76.39. It
touched 76.58 on Tuesday, the
highest since May 3, when the
central bank lowered its benchmark rate to a record 1.75%.
The Australian currency
climbed to a one-month high
of NZ$1.0576 against its New
Zealand counterpart. The kiwi
fell as much as 1.1% to 71.97
US cents after the RBNZ said
it will issue an update on its
economic assessment on July
21, reflecting the longer-thanusual gap between the central
bank’s monetary policy statements as the RBNZ moves to
its new release timetable. —
Bloomberg
BoE set to cut rates to
cushion Brexit hit
Central bank also likely to revive bond-buying programme
BY W ILLIAM SCHOMBE RG
LONDON: The Bank of England
(BoE) is set to cut interest rates for
the first time in more than seven
years as it tries to cushion the economy from the shock decision by voters
to pull Britain out of the European
Union (EU).
Governor Mark Carney sent a
clear signal two weeks ago that stimulus was on the way in an attempt to
show the economy was in safe hands
while the country’s political leadership crumbled after the EU vote.
The central bank was expected to
halve its benchmark interest rate to
a new record low of 0.25% when it
made a monthly policy statement
at 1100 GMT yesterday.
Then, at its following meeting in
three weeks’ time, the BoE is likely
to revive its massive bond-buying
programme, according to a Reuters
poll of economists.
Carney has warned that the financial risks of Brexit were materialising after a slump in the value of
the pound and the freezing of some
commercial property funds
by investment funds.
Data released early
yesterday showed in-
Carney sent a clear
signal two weeks ago that
stimulus was on the way.
Photo by Bloomberg
terest among buyers in Britain’s
housing market tumbled to its lowest level since mid-2008, adding to
early signs of the Brexit hit to the
economy.
Allan Monks, an economist with
JP Morgan, said a plunge in yields on
British government bonds, pushed
down by Carney’s signal of swift
action, had protected borrowers among businesses
and households for now by
offsetting a rise in credit
spreads.
“The BoE needs to deliver on those expectations to
prevent a tightening in funding conditions,” Monks
said. — Reuters
Monsanto revives talks with BASF
on Bayer alternative — sources
BY ANDREW NOËL, RUTH DAVID
& DINESH NAIR
LONDON: Monsanto Co has revived talks with BASF SE about a
possible combination of their agrochemicals businesses, according
to people familiar with the matter,
after it rejected a US$62 billion
(RM244.28 billion) takeover offer
from Bayer AG.
The US company is exploring
various transactions, including the
potential acquisition of BASF’s agriculture-solutions unit, the people
said, asking not to be identified as
the discussions are private.
In return, Ludwigshafen, Germany-based BASF would likely
receive newly issued shares in
Monsanto, the people said. The
discussions are at an early stage,
and no final decisions have been
made, they said. Talks with Bayer
are continuing, they said.
BASF is providing the latest
twist in a prolonged attempt by
the world’s top six suppliers of
pesticides and seeds to consolidate. While Dow Chemical Co and
DuPont Co are progressing with
their planned merger relatively
quickly, the planned US$43 billion takeover of Syngenta AG by
China National Chemical Corp
has attracted regulatory and political scrutiny.
“The transaction would be complementary to Monsanto since
BASF has almost no seeds business,” said Peter Spengler, an analyst at DZ Bank. BASF swapping
its agricultural division for a stake
in Monsanto doesn’t sound very
attractive, he said in a note.
BASF’s interest may strengthen
Monsanto’s hand in negotiations,
yet the board of the US company
remains split over the merit of
potential deals with both of its
German suitors, one of the people
said, with some executives keen to
remain independent and others
preferring a takeover. The company in May rejected the US$122-ashare offer from Bayer, saying the
bid was too low. It said in its earnings statement last month that it
has been in discussions over the
last several weeks with Bayer, as
well as with other parties, about
“alternative strategic options”. —
Bloomberg
Fintech bigger and dicier for insurers than banks
BY D O M IN I C EL L I OT T
LONDON: The insurance industry
is ripe for technological disruption, but the results may be dicey.
Some areas of banking services, notably payments, have been
relentlessly targeted by start-up
companies since the financial
crisis. But nine in 10 insurance
executives polled by consultant
PwC reckon at least part of their
business is at risk over the next
five years — a greater proportion
than in any other area of finance.
The hope for fintech is that by
offering greater efficiency it will
benefit society by driving down
or eliminating economic rents.
Insurance is crying out for Toyota-like industrialisation: Brokers
and underwriters at the Lloyd’s
of London market still agree on
cover using paper documents.
Sadly, most of the start-ups to
date have focused on front-end
customer interactions rather
than the back office, unlike in
banking.
Perhaps the biggest potential
advantage would be reducing
claims: By using microchips embedded in industrial and everyday appliances — the “Internet
of Things” — it could be possible
for insurance companies to use
such sensors to anticipate and
prevent damage. This might save
costs in the long run not just for
reinsurers and investors, but also
for individuals and communities.
The flip side is that many of the
other innovations proposed so far
look more troubling. Some seem
to rely on intrusive Big Brother-like methods. A handful of
health insurers, for instance, now
offer wearers of fitness trackers
lower-cost policies if their data
is up to scratch. So-Sure offers a
kind of peer-pressure insurance,
by offering groups of friends or
acquaintances — with an emphasis on social media links — money back if none claim on mobile
phone insurance.
Other new companies may
present a challenge to risk management. Consider those offering ever more tailored insurance
policies, by giving customers the
ability to guard against the damage or loss of specific commercial
contracts, say, or each individual
component of a smartphone.
One example is Cuvva, a startup which provides UK drivers
with comprehensive insurance
on third-party vehicles for as little
as one hour to no more than 24
hours, while outsourcing the underwriting of its policies. Working
out how much capital should be
held to guard against such claims
looks set to become a trickier task
for regulators. — Reuters
IN BRIEF
Amazon says Prime Day
orders jump 60%
over last year
BENGALURU: Amazon.com
Inc said customers placed 60%
more orders worldwide in its
second “Prime Day” sale despite early glitches, cementing the event’s position as an
annual shopping festival for
online shoppers. The retailer
said it recorded the largest daily sales for Amazon devices on
Tuesday, helped by heavy discounts. The Fire TV Stick was its
best-selling device. Orders rose
by more than 50% in the US,
Amazon said. Orders placed
on the company’s mobile app
doubled. Amazon did not provide total sales figures for the
event, which was open only to
members of its US$99-per-year
(RM390) Prime subscription
service. — Reuters
UBS retains position as
world’s biggest private
bank — study
ZURICH: UBS kept its ranking
as the world’s biggest private
bank last year, a study by wealth
management researcher Scorpio Partnership showed yesterday. With US$1.74 trillion
(RM6.85 trillion) of assets under management, UBS retained
its highly prized first place in
2015, staying nearly US$300 billion ahead of Bank of America
(BoA) Merrill Lynch, which replaced Morgan Stanley in second place. UBS, Switzerland’s
biggest bank, saw a 1% fall in
managed assets in 2015, while
BoA Merrill Lynch’s managed
assets dropped 2% and Morgan
Stanley’s fell 2.8%. — Reuters
Credit Suisse said to lift
salary, chop allowance
for some staff
LONDON: Credit Suisse Group
AG changed the structure of
compensation for some of its
senior London bankers, increasing fixed pay while eliminating the so-called allowances
that have come under regulatory scrutiny, people familiar
with the plan said. Affected employees were informed of the
move last quarter, the people
said, asking not to be identified as the details are private.
Total pay hasn’t been decided
for this year, and the bank will
continue to use role-based allowances where needed for
other staff, the people said. —
Bloomberg
Starbucks invests in
Italian bakery as
reliance on food grows
CHICAGO: Starbucks Corp,
counting on food sales to help
maintain growth, is investing in
an Italian bakery and plans to
expand it with new locations.
The world’s biggest coffee-shop
chain is buying a stake in Princi, which sells pastries, pizza
and pasta in Europe, according
to a statement. Starbucks will
also act as a global licensee of
the Italian company, helping
it to expand globally. Financial terms of the deal weren’t
disclosed. — Bloomberg
W O R L D B U S I N E S S 15
Boosting bank
earnings requires
more creativity
BY AN TO N Y CU RRI E
NEW YORK: US banks require
more creativity. That conjures
up fears of accounting fiddles
or overly complex products with
zero economic or social benefit.
The truth is more simple: Return
on equity at the nation’s lenders
and investment banks remains
too low, and banks need to try
something new.
Income statements for the second quarter (2Q) ought, at least, to
look better than for the first three
months of the year. The likes of
JPMorgan, which kicked off earnings season yesterday, Goldman
Sachs and Bank of America all
look set to best their 1Q showing,
according to Thomson Reuters
estimates. Stock deals, the trading environment and mortgage
refinancing have all picked up.
Trouble is, earnings are set
to be worse than last year’s 2Q,
meaning few are likely to earn
enough to beat their cost of capital — which is usually pegged at
around 10%. Of the larger banks,
only Wells Fargo and US Bancorp
are likely to do so. That has often
been the case for several years
now. Executives everywhere have
been trying to improve matters,
whether by dumping unprofitable
businesses, crimping expenses or
laying off staff.
That can only do so much when
top-line growth is stagnant. Citi
and JPMorgan have gotten their
efficiency ratio — which measures
how much per dollar of revenue is
spent on operations — below 60%.
That’s impressive. The average of
banks tracked by Credit Suisse analysts is around 63%, for example.
But it’s not enough to breach the
cost-of-capital threshold. And few
are likely to manage to do so in
the next couple of years, according
to Thomson Reuters estimates.
Creating, or more likely adapting, new technology is therefore
becoming all the more crucial. It’s
already happening, in part thanks
to so-called fintech start-ups in
payments and lending highlighting how inefficient many traditional processes are. Technology
can help speed up decisions, improve customer service and eliminate swathes of attendant costs.
But it’s slow going, whether
thanks to regulation or institutional inertia. Those banks that
manage to speed up modernising their business are likely to
earn the enduring respect of their
shareholders. They should get
cracking. — Reuters
VW’s car recall plan
rejected by California
Posing a potentially costly obstacle in the 10-month scandal
BY KARTIKAY M EHROTRA
& DANA HULL
SAN FRANCISCO: California regulators rejected Volkswagen AG’s
(VW) plan for recalling thousands
of diesel-cheating vehicles, posing a potentially costly obstacle in
the 10-month scandal as criminal
probes and lawsuits on three continents roll ahead.
The California Air Resources
Board (Carb) said in a statement
on Wednesday that the proposal
for VW, Audi and Porsche models with 3.0 litre engines rigged to
cheat emission tests was inadequate. The agency, along with the
Environmental Protection Agency,
will continue its talks with Volkswagen in hopes of finding a fix, Carb
said in letters dated Wednesday to
VW executives and attorneys.
The agency has been in talks
with the carmaker over the 3-litre
engines since at least Feb 2 when
it filed its first “single, incomplete
recall plan”, according to the letters.
Additional data submitted by VW as
recently as June was also “incomplete” and “substantially deficient”
to meet the legal requirements for
the cars to be fixed, Carb said.
The rejection of the automaker’s
proposal for fixing about 85,000
VW, Audi and Porsche vehicles
with 3-litre diesel engines shows
that the emission-cheating scandal,
despite a landmark US$14.7 billion
(RM57.9 billion) settlement, is far
from over. That agreement, covering
480,000 cars with 2.0 litre engines,
will require VW to devote as much
as US$10 billion to buy back the
cars. A federal judge in San Francisco is considering whether to approve that settlement, which would
also allow owners to have their cars
repaired if a fix is approved by federal and state regulators.
“It seems that a buy-back is a
definite possibility if there’s not
a solution that makes them street
legal,” Kelley Blue Book senior analyst Rebecca Lindland said in an
emailed statement. “A buy-back,
while solving the problem for Carb,
doesn’t solve the problem for consumers who may not want to give
back their vehicle.”
The German carmaker reached a
related US$603 million settlement
with 44 US states to resolve consumer and environmental claims.
The Carb announcement was a
procedural step under state laws
governing recalls, VW spokesman
Jeannine Ginivan said in an emailed
statement. “We continue to work
closely with the US Environmental Protection Agency and Carb to
try to secure approval of a technical resolution for our 3.0-litre TDI
vehicles as quickly as possible,”
Ginivan said. — Bloomberg
GM cannot avoid up to US$10b
in switch suits, says US court
BY ERIK LAR SON
& M ARGARET CRONIN FI S K
NEW YORK/DETROIT: A federal
appeals court upended General Motors Co’s (GM) plan to shed hundreds of lawsuits seeking as much as
US$10 billion (RM39.4 billion) over a
deadly ignition switch defect, ruling
that such cases aren’t automatically
barred by the company’s 2009 bankruptcy sale to a new corporate entity.
The decision on Wednesday by
the US Court of Appeals in Manhattan, overturning a lower court
ruling, is a major setback for GM
after the nation’s biggest automaker won two straight victories this
year in test trials over the switch
defect. The flaw has caused at least
124 deaths and led to 2.59 million
vehicle recalls.
The bankruptcy sale that turned
“Old GM” into “New GM” to save the
storied company from financial ruin
didn’t trump personal-injury suits
Filepic of a portion
of a GM automobile
being displayed
as evidence in a
Manhattan federal
courtroom. The
ignition switch flaw
caused some 124
deaths and led to
2.59 million vehicle
recalls. Photo by
Reuters
over accidents that happened before
the transaction or claims by people
whose vehicles lost value as a result
of the flaw, the court said. Those customers didn’t get to challenge the
sale before its approval seven years
ago, according to the ruling.
“While the desire to move
through bankruptcy as expeditiously
as possible was laudable, Old GM’s
precarious situation and the need for
speed did not obviate basic constitutional principles,” the court said.
“Due process applies even in a company’s moment of crisis.”
Wednesday’s ruling also revives
suits by people who purchased used
GM vehicles after the company’s
sale was approved and claim they
wouldn’t have bought the cars had
they known about the switch flaw.
— Bloomberg
China’s Wanda shows interest in Viacom’s Paramount — sources
BY L I AN A B B A K ER
& J E SSI C A TOON KEL
SAN FRANCISCO/NEW YORK: Chinese real estate and entertainment
conglomerate Dalian Wanda Group
has held talks with Viacom Inc about
acquiring a minority stake in its Paramount Pictures unit, according to two
people familiar with the situation.
Wanda’s interest adds new urgency to deliberations over Paramount’s future, which has become
the flashpoint of a bitter row between Viacom chief executive officer
Philippe Dauman and the company’s controlling shareholder Sumner
Redstone. Wanda has been trying
to expand its US movie business.
Redstone has so far opposed the
sale, which is not possible without
his consent. Other parties besides
Wanda have also expressed an interest in Paramount, and there is no
certainty any deal will be reached,
the people said this week.
The sources asked not to be identified because the matter is not public. Viacom declined to comment,
while Wanda did not immediately
respond to a request for comment.
Earlier this year, Wanda invested in Paramount’s Teenage Mutant
Ninja Turtles sequel.
If the two parties did agree to a
deal, it would likely become the next
flashpoint in the long-running battle for control of Sumner Redstone’s
US$40 billion (RM157.6 billion) media empire.—Reuters
IN BRIEF
South Korea cuts growth
outlook, keeps key rate
unchanged at record low
SEOUL: South Korea’s central
bank yesterday cut the country’s
growth outlook and kept the key
interest rate unchanged at a record low as exports sputters and
demand slumps.The Bank of
Korea said it expects the economy to expand 2.7% this year,
just three months after cutting its
forecast to 2.8%. Britain’s shock
decision to leave the European
Union last month added to uncertainty for the South’s export
prospects, bank governor Lee
Ju-Yeol said. “We believe that
growing uncertainty [caused by
the British vote] may slow growth
of the global economy and trade
and eventually impact our economy,” Lee told reporters. — AFP
Brazil’s economy shrinks
more than economists
forecast in May
BRASÍLIA: Brazil’s economy
contracted more than analysts
expected in May as policymakers grappled with the worst recession in decades. The central
bank said its economic activity
index, a proxy for gross domestic
product, fell 0.51% in May from
the previous month in seasonally adjusted terms, following a
revised 0.07% increase in April.
The median estimate from 30
economists surveyed by Bloomberg was for a 0.2% contraction.
Brazil’s non-seasonally adjusted economic activity index fell
4.92% from a year ago, compared
with a median estimate of a 4.2%
drop. — Bloomberg
Nintendo soars again on
Pokemon phenomenon as
Tokyo stocks rally
TOKYO: Japanese gaming giant
Nintendo soared again yesterday, taking a week-long rally
to 75% as investors ride the
coat-tails of the Pokemon Go
phenomenon. The scorching
performance helped propel the
broader Nikkei 225 stock index almost 1% higher to break
above the levels seen on June
23 before Britain’s Brexit 18
sent financial markets into
turmoil. Nintendo climbed
15.89% to ¥25,300 (RM945.6)
yesterday, compared with the
¥14,380 close last Wednesday
as the new smartphone game
launched. — AFP
Hyundai Merchant to join
Maersk Alliance, meeting
all creditor conditions
SINGAPORE: Hyundai Merchant Marine Co will join the
world’s biggest shipping alliance, meeting all conditions
imposed by creditors as the
company seeks to reduce debt
after years of weak global demand caused losses. Hyundai
Merchant will join a grouping
known as 2M starting April next
year, the Seoul-based company
said in an emailed statement
yesterday. The group, led by
A P Moeller-Maersk A/S and
Mediterranean Shipping Co,
will seek approval from relevant
authorities for the partnership,
it said.—Bloomberg
16 FO CU S
PHOTOS BY MERCEDES-BENZ
The pricing of the C300
starts remarkably low,
but crucial options
inflate that price
considerably.
Mercedes C300 4Matic Coupe
more than sum of its stats
Words that come to mind when you see this car include refined, glossy and plush
BY H AN NA H EL L I OT T
T
he art of the blind date seems to
be long lost.
Remember the time when
you could meet someone for
dinner, without knowing anything about the person? Not
what she looks like, not where he’s from, not
even what his or her favourite Judd Apatow
movie is? There was something exciting, scary
and authentic about that way of meeting
someone. Now it’s almost impossible not
to know too much about a person before
you ever meet face to face.
But allow me to suggest that if you drive
the all-new Mercedes-Benz C300 4Matic
Coupe, you do it blind-date style. Don’t look
up how big the engine is on this US$44,650
(RM175,921) AWD two-door, don’t look at the
zero-to-60 stats, and don’t pay attention to the
listed horsepower (hp). Just steer it out of the
lot, open it up on a freeway, and fall in love.
Efficient, elegant
If you must know, what we’re dealing with here
is a four-cylinder in-line turbocharged engine
that, yes, it’s true, doesn’t even achieve 250hp.
But if you didn’t know that, you might instead focus on the car’s efficiency (23mpg in
the city and 29 on the highway) and erudite
performance. The tiny 2.0-litre engine pushes
through its seven gears like quicksilver; this
is arguably the smoothest accelerator you’ll
feel in the segment, with 273 pound-feet of
torque that slide you forward quite eagerly, especially under the lower gears. Zero to
60mph is 5.9 seconds, which is a feat, especially since, at 3,770 pounds, the new C300
weighs notably more than the 3,483-pound
A4 and 3,510-pound 320i.
As I drove the C300 to the office and back
each day, the thick, flat-bottomed sport steering wheel (paddle shifting dutifully engaged)
displayed about as much give as we generally
expect from Mercedes.
The offerings from Porsche and BMW
feel more nimble to drive, but I know that
for some drivers, leeway in steering is a matter of preference at this point rather than a
value judgement. To each his own.
The adaptive brakes proved unnoticeable
in the way all good waitstaff are — they appear when you need them, but not otherwise.
They’re not so rude as to jolt you from
the smooth reverie that the entire car, especially with the US$1,190 air suspension,
works to create. (You can choose a sport
suspension option for US$1,675.) It’s like
driving in a cloud, but you don’t feel detached from the road.
o’clock respectively), but that is mitigated
by the attentive blind-spot warning system
(included in the US$4,800 Premium package) and by the sunlight allowed in through
the massive panoramic sunroof that spans
virtually the entire length of the ceiling. (The
sunroof also helps the headroom in the rear
seem less pinched; while legroom back there
is generous, the slope of the roof could be
an issue for taller adults sitting behind you.)
The seats (seat heaters cost US$580 extra)
are comfortable, with three-position power
memory and lumbar support, and covered
in a supple saddle brown leather (US$1,620).
Memory cushioning “with thigh support” for
the passenger side costs US$430 extra. Are
you catching a pattern here? The pricing of
the C300 starts remarkably low, but crucial
options inflate that price considerably.
You will want, for additional instance, the
US$4,800 Premium package, which includes
blind-spot assist, keyless go, Burmester SurGet the interior extras
round Sound, navigation, five years of traffic/
You will find a slight obstruction to view be- weather service, and ambient lighting. The
hind each shoulder (five o’clock and seven rear-view camera (US$460) and the heads-up
The interior is blessedly silent — inside, you’ll hear no real engine revs at all and certainly no vibration from
exterior elements.
display (US$990) also cost extra, but do buy.
The same goes for the Sport package
(US$1,675) which includes, among other
things, a brilliant diamond grill with chrome
finish, AMG body styling, that flat bottom sport
steering wheel, perforated brake rotors with
Mercedes-Benz calipers, aluminum pedals
with rubber studs, and AMG floor mats.
Add all the extras in the car I drove, plus
taxes and fees, and you’d pay US$58,000,
more than US$12,000 more than the initial
price. Rain-sensing wipers and eco start/
stop, at least, come standard.
At any rate, the interior is blessedly silent
— inside, you’ll hear no real engine revs at
all and certainly no vibration from exterior
elements. If you want to hear your car growl
when you punch down its metal alloy gas
pedal, get something else.
It looks expensive
As for the C300, its diamond grill and the
posh mild bulge of the roofline do plenty
of talking. Mercedes has done some sort of
magic to make the C300 just look expensive.
That grill and swank roof certainly help;
so do the LED headlamps shaped like ancient obelisks, LED tail lamps, deep lunar
blue metallic paint (US$720), and US$500,
19-inch (48.26cm) alloy wheels (18-inch
rims come standard).
Again, words that come to mind when
you see this car include, but are not limited to: refined, glossy and plush. The C300
is a coupe, but it has the look and feel of a
full sedan.
Don’t kid yourself: Owning this new C300
counts as owning bling in your life. I don’t
care how reserved your paint job and rims
are; this is a car that wants to announce its
presence. So, as with any good blind date, get
to know it a little before you judge whether
it’s the one for you. — Bloomberg
FO CU S 17
FRIDAY JULY 1 5 , 20 16 • T HE E DG E FINA NCIA L DA ILY
PHOTOS BY PARMIGIANI FLUERIER
Mechanics
inside this
US$71,000
watch are
made from
solid gold
HAVING recently celebrated
its 20th anniversary, Swiss
watchmaker Parmigiani
Fleurier has been rolling
out a series of interesting
timepieces to commemorate
the occasion, but now it has
announced one watch to
rule them all: the Kalpa XL
Hebdomadaire Anniversaire.
— Bloomberg
THE FRONT AND REVERSE OF
THE KALPA XL HEBDOMADAIRE
ANNIVERSAIRE.
This handsome watch is built with a simple steel
case that contains a movement (the mechanism
by which the watch keeps time) constructed from
solid gold. It’s the second watch that Parmigiani
has made with gold interior technology, but as
beautiful as the first one (the Tonda Chronor
Anniversaire chronograph) was, it can’t hold
a candle to the spectacular detail work seen
here. Visible through the Kalpa’s transparent
sapphire caseback, the gold movement is covered from tip to tail in ornate dragon tail-shaped
embellishment. This PF110 movement is the
same as found in the rest of the Kalpa line of
watches, but the finishing makes it truly special
— not to mention that only one of these will
be made. According to the company, it hasn’t
been sold yet, so now’s the time to jump if this
is something you’re looking for. The price is
70,000 Swiss francs (US$71,000/RM280,510).
If you miss this one, Parmigiani has said it will
release in October a limited-edition series of
10 similar watches that will be “mechanically
identical with certain aesthetical differences”.
A DARK MOTHER-OF-PEARL
VERSION OF THE KALPA
DONNA ANNIVERSAIRE.
Available in two different case sizes, the Kalpa
Piccola and Kalpa Donna Anniversaire watches come in four different mother-of-pearl dial
colours and have a limited production run of 96
pieces — a little nod to 1996, the brand’s year
of inception. Rival F P Journe’s ladies’ Elegante
series has become a huge success due to the
pairing of quartz grab-and-go practicality with
proper luxury watchmaking, and Parmigiani is
hoping to find similar popularity at this lower
price point. The watches, which will be available in the fall, will retail for 9,900 Swiss francs
with a leather strap, and 10,500 Swiss francs
with a steel bracelet.
THREE MODELS OF THE KALPA
DONNA ANNIVERSAIRE WATCH.
Now, this wasn’t the only bit of news to roll in
from Parmigiani over the weekend. Following
the lead taken by F P Journe, Parmigiani has
just announced a series of ladies’ watches powered by its all new, in-house-developed quartz
movement. (Rather than a mechanical watch
that takes its power from manual winding
or automatically charging itself through the
movement of your wrist, a quartz watch relies
on a battery. Luxury brands tend to value mechanical watches over quartz ones.)
on web + mobile
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of the week.
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18 FO CU S
Healthy Japanese may toil to 80
Country with world’s oldest population not making full use of senior citizens
BY K EI KO UJI K A N E, KAT SUYO KUWAKO
& JO D I SC H N EI DER
H
iroshi Suzuki had a fulfilling
career in which he travelled
the world as an engineer.
Then, at age 65, he retired.
That didn’t last long. For
the past seven years, Suzuki, 72, has been a nursing aide in the
Tokyo area, and says he is years away from
true retirement.
Economists say if Japan wants to alleviate its worsening labour shortage, it needs
a whole lot more people like Suzuki, who
is atypical by working into his 70s. Though
it boasts the world’s oldest population, the
country does an inadequate job of employing healthy seniors, they say. The reasons:
company policies, work culture and a history of rigid seniority rules that work against
older employees, providing a cautionary
tale to ageing economies, including those
in Europe and the US.
“People in their 70s can still work. There
are still so many things you can do as long as
you are healthy,” said Suzuki, who was a designer and engineer for an electric-furnace
manufacturer and now works at a nursing
home run by Care 21 Co, one of the few
Japanese companies that have abolished a
mandatory retirement age. “There’s no need
to think about retiring until you turn 80.”
Suzuki is part of the largest group of people aged 65 and older in the world; numbering more than 33 million, they represent
more than a quarter of Japan’s population.
With the world’s longest life expectancy —
by 2050, women in the country on average
will live past 90 — and a low birth rate, the
working-age population is shrinking.
Japan’s demographic reality is so extreme
that even though it has the highest proportion of working seniors among developed
countries, according to the Organisation
for Economic Cooperation and Development, it’s not nearly enough to stem the
labour shortage. The number of workers
older than 65 rose to 7.3 million in 2015, or
21.7% of the population for that age group,
according to data from the statistics bureau.
Japan’s worsening worker shortage also
is stark: The number of workers is projected to decline to 56 million in 2030, from 64
million in 2014. This forecast by the Japan
Institute for Labour Policy and Training,
a government-related group, is based on
conditions that the economy and the labour
force participation rate will not change. To
avoid such a shortage, the country needs
to come up with more innovative policies
to pull seniors into the workforce.
Corporate culture
Yet Japan’s corporate structure is still
stacked against widespread employment
of older workers. Though some companies
have introduced merit-based pay, moving
away from a seniority system, age remains
an important factor and the career ladder
ends for many employees at 60 or before.
Mandatory retirement is still in effect in
many companies, though there is no official retirement age in Japan.
“People in Japan have long, healthy lives,
and laws and company policies in the country have not kept up in terms of making use
of their longevity,” said Florian Kohlbacher,
an adjunct professor at Temple University’s
Tokyo campus and director of the Economist Corporate Network for North Asia.
“Age 60 is still very, very young in Japan.
If you want to tackle this issue, you can’t
just have people work longer. You need to
rethink the whole HR (human resources)
system in Japan.”
And even recent advances will not do
much to alleviate the labour shortage as
the percentage of seniors in the workforce
declines markedly as they age, said Robert Feldman, chief economist at Morgan
Stanley MUFG Securities Co in Tokyo. He
calculates that labour force participation
in Japan for men of ages 65 to 69 is 54%,
and for women it is 32% — good figures
compared with other major economies.
Yet for men 70 and older, it falls to 20.3%,
and for women in that age group, it plummets to 9.3%.
“You’d need a lot more” older workers
taking jobs to make a dent in the labour
crunch, Feldman said. “The increase in participation rates is offset by shifting shares
of population”, meaning Japan’s population
is ageing so rapidly that more people are
leaving the labour force even as a higher
percentage of seniors take jobs.
der that system, most companies basically
have workers retire at 60 and return under a
“continuous employment” policy at a lower
wage — often a much lower wage. This is
less costly than raising the retirement age or
abolishing a mandatory retirement system,
the other two choices that companies have.
“Japan is going into the phase that needs
to utilise a silver workforce more as the
nation’s population is growing older,” said
Ryuichi Okumura, a research fellow at
Mitsubishi Research Institute Inc in Tokyo. “Japan could offer a hint of solution
to other nations as a test bed for utilising
more senior people in the workplace and
making them more active in various fields
in the society.”
Many of those who’ve found jobs after
mandatory retirement want to keep working not only to stay active — they need the
money. Japan’s government is gradually
raising the age at which people become
eligible for pensions to 65 from 60, leaving
many with a gap. Also, pensioners on fixed
incomes are more vulnerable to swings in
the economy and many were hit hard by
Changing rules
the last sales tax increase in April 2014.
The government in April 2013 changed
Sonoe Kudo, 65, who works at a nursrules to require employers to keep on all ing home in Tokyo run by Care 21, said
workers who want to stay until age 65. Un- she wants to work into her 70s as long as
she’s healthy. With her living costs and a
premium for nursing-care insurance, it can
be tough to make ends meet on a reduced
pension. “Elderly people can’t really live
only on pensions,” she said.
Mandatory retirement
About 81% of Japanese companies still set
the retirement age at 60. The latest survey
by Japan’s labour ministry showed that only
3% of companies abolished their retirement
system and about 16% raised their retirement age, while more than 80% opted for
the continuous employment system.
Among employees who work at companies requiring them to retire at 60, more
than 80% were rehired or extended their
employment, according to the survey. Yet
that continued employment often means
a big pay cut. Average annual income, including pension payments, for re-employed
full-time workers in their early 60s was
¥3.8 million (RM141,720), according to a
survey by the Japan Institute for Labour
Policy and Training. The survey showed
that the average worker’s salary at age 61
was about 27% less than it was just before
the employee turned 60.
Another survey showed that average
CON T I N UES N EX T PAGE
FO CU S 19
PHOTOS BY BLOOMBERG
Singapore’s retirement age
has to go at some point,
says DPM Tharman
Suzuki: There’s no need to think about retiring until
you turn 80.
FROM PR EV I O U S PAG E
monthly wages for full-time male workers
in Japan of ages 60 to 64 were ¥292,000,
about 30% lower than ¥412,000 for those of
ages 55 to 59, according to 2015 data from
the labour ministry.
“At the moment, many companies are
taking a protective strategy — just simply responding to a regulatory change in
the employment system,” Okumura said.
“Companies should shift to a more aggressive strategy to utilise elderly workers as a
substantial part of their workforce.”
One reason many Japanese companies
are reluctant to keep older workers in key
positions is that they are more costly than
younger workers, as seniority is still a major
factor in setting salaries in Japan. Feldman
says if Japanese workers’ productivity improves as they age, companies would want
to retain them rather than push them out.
He says his “wild and crazy proposal”
is to lower the minimum retirement age in
Japan to 40, figuring that “if the firm isn’t
obligated to keep you after 40, you’ll need
to keep your skills current”.
Feldman also says the high percentage of
companies rehiring workers at lower salaries after they turn 60 underscores another
problem in Japan — the lack of workforce
mobility. “Essentially, what’s happened
here is that these people are not mobile
enough to get another job, so they take
what they can get” from their current employer, he said.
Kudo: Elderly people can’t really live only on
pensions.
Other approaches
Daiwa House Industry Co, Japan’s biggest
homebuilder, has decided to come up with
another system. It is one of the few Japanese
companies that has raised its mandatory retirement age, to 65, and has also introduced
a system making those 65 and older eligible
to work as contract staff — with no age limit.
This has proved popular.
“While the age of eligibility for receiving
corporate pensions is pushing back gradually, we think that it’s our corporate responsibility to consider our employees’ life
planning in the future,” said Yoshio Saeki,
general manager of the human resources
department at Daiwa House. “We are trying
to increase the options for workers.”
Care 21, a nursing service provider, abolished its mandatory retirement system in
April 2014. The proportion of its total workforce made up by employees older than 60
has increased to 16.6% from 11.5%, according
to the company. The oldest employee is an
86-year-old female home helper.
Taira Yoda, 64, president of Care 21, said
the company abolished mandatory retirement because it is in an industry with a significant labour shortage, and it wants to give
employees the option to earn stable income
when they’re older.
“We can further develop the ability of senior
workers. They have the capacity to do more,”
Yoda said. “If Japanese companies can do it,
their know-how can be applied to other nations facing ageing populations.” — Bloomberg
on web + mobile
SINGAPORE’S retirement age has to go
“at some point”, said the city state’s Deputy Prime Minister Tharman Shanmugaratnam at a dialogue at the World Cities
Summit on Monday.
It is critical that older workers be seen as
assets to be continually invested in, rather than just as add-ons needed because
employers cannot find younger workers
in a tight labour market, he said.
Tharman, who is also coordinating minister for economic and social policies,
was speaking at the opening session of
the World Cities Summit in Marina Bay
Sands, Singapore, according to a report
on Tuesday in The Straits Times.
He outlined key challenges faced by
growing cities, such as ageing societies, at
the discussion entitled “Towards a Liveable, Sustainable and Resilient Future”.
“Older folks are an asset. They have
wisdom, experience and they also learn
on the job. We have to make this (integrating older workers) part and parcel of
the workplace ... we have not done it very
well in Singapore so far and we have to do
much better in this realm,” he said.
His comments were in response to a
question by Ambassador-at-large Tommy
Koh, who moderated the dialogue between
Tharman and the audience of academics,
policymakers and industry leaders from
across the globe.
Koh asked Tharman if the Singapore
government could abolish compulsory
retirement.
“I am 78 years old, I am working full-time
and I think many older Singaporeans are
like me. They don’t dream of playing golf
or lying on a beach. We want to continue to
work and contribute to society,” said Koh.
Tharman said Singapore does not have
compulsory retirement, but has a retirement
age, like many other societies. “At some
point, this (retirement age) has to go,” he
said, adding that older people are assets
and they can keep learning even in their
50s or 60s as their brains continue to adapt.
The retirement age in Singapore is 62,
though the re-employment age will rise
Tharman says it is critical that older workers be seen
as assets to be continually invested in.
from 65 to 67 next year. Workers turning
62 can opt to retire or continue working
until the re-employment age ceiling.
In parliament this year, Jessica Tan,
a member of parliament for East Coast
GRC, asked why the manpower ministry
did not remove the retirement age, said
The Straits Times report.
Manpower Minister Lim Swee Say said
doing so could actually be worse for workers as it means that companies can terminate their employees’ services earlier.
The other challenge that comes with
an ageing population, said Tharman, is
healthcare, which has to be humane, affordable and convenient for people.
For instance, studies abroad have
shown that less than 20% of the time a
person spends visiting a clinic or hospital
is spent seeing the doctor, he said. The rest
of the time is spent on travelling, queueing
and waiting, and this is especially inconvenient for an older person with disability.
Telemedicine then, said Tharman, is
a huge opportunity for cities to tap so
that seniors at home have peace of mind,
knowing they have a nurse or doctor to
get advice from.
In closing, Tharman said innovation
is going to be a source of inclusivity. “It is
not a contradiction to say that we want a
highly innovative society and open society,
as well as an inclusive society.”
Catch up on the
Top 5 news of the day.
Uploaded from
Monday to Friday @ 8.3
30pm
Anytime, anywhere on www.theedgemarkets.com
20 WORLD
British PM gets down to
work under Brexit pressure
Reaffirms commitment to delivering move, asks for more time to prepare for negotiations
C-SPAN
BY C L A RE BY RNE
LONDON: Theresa May came under immediate pressure yesterday
on her first full day as Britain’s new
prime minister after a series of surprise appointments to her cabinet,
including the gaffe-prone Boris
Johnson as foreign minister.
Three weeks after Britain voted
to leave the European Union(EU),
May also came under fire from EU
leaders, who pressed her to trigger
a Brexit as quickly as possible.
And as economic uncertainty
swirls from the shock decision to
quit the bloc, the Bank of England
was mulling possible rate cuts to
stimulate the economy.
Seen as a safe pair of hands who
campaigned for Britain to remain in
the EU, May swept to power promising a “bold new positive role” for
Britain outside the bloc.
But her first choices for her close
Chinese
national jailed
for hacking US
defence firms
Toner reacting
when asked about
the promotion of
Johnson to the
role of Britain’s
chief diplomat by a
reporter yesterday.
team sparked surprise, including
former London mayor Johnson as
Britain’s top diplomat and longtime eurosceptic David Davis in
charge of the “exiting the European
Union” portfolio.
Meanwhile, The Sydney Morning Herald yesterday reported that
Obama: US must improve
probes into police use of force
BY AYESHA RASCOE
LOS ANGELES: A Chinese
national was sentenced on
Wednesday in Los Angeles to
three years and 10 months in
prison for hacking American defence contractors to steal trade
secrets on Beijing’s behalf.
Su Bin, 51, who went by the
names Stephen Su and Stephen
Subin, was also ordered by a
federal judge to pay a US$10,000
(RM39,400) fine.
Su in March had admitted
in a plea agreement with US
authorities to conspiring with
two unnamed military officers
in China to try to acquire plans
for F-22 and F-35 fighter jets and
Boeing’s C-17 military transport
aircraft.
According to court documents, the trio managed to
steal sensitive data by hacking
into the computer networks of
major defence contractors and
sent the information to China.
Su, who ran a China-based
aviation and aerospace company from Canada, was arrested
in July 2014 and after waiving
extradition was transferred to
the US to face charges.
According to court documents, Su travelled to the US at
least 10 times between 2008 and
2014, working with his co-conspirators to steal the data.
Once the data was stolen,
Su admitted to translating it
into English and then seeking
to sell it. — AFP
the response from the US has been
telling in regards to Johnson’s appointment.
Asked about the promotion of
the world-famous gaffe-prone Tory
to the role of Britain’s chief diplomat, US state department spokesman Mark Toner’s eyes lit up in
undisguised mirth, said The Sydney
Morning Herald.
Toner listened to the reporter
with something akin to a 1000-watt
smile on his lips.
He then suppressed any further
signs of glee before saying the US
“looked forward” to working with
Johnson in his new job, added The
Sydney Morning Herald.
May’s first calls were to Europe’s top two power brokers, German Chancellor Angela Merkel
and French President Francois
Hollande.
During these talks, the British
leader stressed her commitment
to delivering Brexit but “explained
that we would need some time to
prepare for these negotiations and
spoke of her hope that these could
be conducted in a constructive and
positive spirit”, a Downing Street
spokesman said. — AFP
WASHINGTON: President Barack
Obama on Wednesday said more
must be done to build trust that
police violence against blacks and
Hispanics will be properly investigated.
“We’re going to have to do more
work together in thinking about
how we can build confidence that
after police officers have used force,
particularly deadly force, that there
is confidence in how the investigation takes place and that justice is
done,” Obama said after a meeting
with activists, lawmakers and law
enforcement leaders.
Obama said there might be a
need to develop a set of practices
to ensure that investigations are
carried out effectively and fairly
for all parties involved.
The meeting on Wednesday focused on how to bridge the divide
between police officers and the
black and Hispanic communities
after a series of high-profile police
killings of black men in the past
two years sparked angry protests
throughout the country.
Obama has called for the country to come together and not give
in to despair and division after the
shooting deaths of five police officers in Dallas and the police killings of black men in Louisiana and
Minnesota.
He laid out a series of steps that
could help to improve relations
between law enforcement and
communities, including improving data collection and updating
police training practices.
Attendees at the meeting included Louisiana Governor John
Bel Edwards, the president of the
National Association of Police Organizations, Michael McHale, and
leaders of the Black Lives Matter
movement.
A White House task force released a report last year recommending various reforms for local law enforcement in the US, but
Obama said more action is needed.
— Reuters
Trump to announce VP pick today
WASHINGTON: White House hopeful Donald Trump will announce his
pick for vice president in New York
today, he said on Twitter, as speculation runs rampant over a handful
of potential running mates.
Among those believed to be at
the top of the Republican’s list are
Indiana Governor Mike Pence, New
Jersey Governor Chris Christie and
former speaker of the House Newt
Gingrich.
“I will be making the announcement of my vice presidential pick
on Friday at 11am in Manhattan.
Details to follow,” the 70-year-old
real estate mogul posted on Twitter
late on Wednesday.
The announcement comes just
one day after Trump finished campaigning in Indiana alongside Pence,
the 57-year-old governor who is seen
as someone with a steady tone who
might soften Trump’s combativeness.
“I’m honoured to be considered
and humbled to be considered,”
Pence told reporters on Wednesday.
Pence, a former radio host, served
six terms representing his home state
in Congress. A fiscal conservative and
lawyer by training, he was House
Republican Conference chairman
from 2009 to 2011.
Christie, 53, a tough-talking poli-
tician described as a political bruiser,
already campaigned with Trump in
Virginia on Monday.
Gingrich packs the political punch
that Trump lacks. He was in Congress
for 20 years and speaker of the House
of Representatives from 1995 to 1999
during Bill Clinton’s presidency.
Trump’s vice presidential pick
could be one of the most important
decisions he makes on the campaign
trail as he seeks to present a competent, steady wingman or woman to
US voters after a turbulent primary
season during which his provocative
rhetoric frustrated many conservatives. — AFP
IN BRIEF
Auschwitz museum says
no to Pokemon Go
WARSAW: The Auschwitz museum said on Wednesday it had
asked the makers of the popular
Pokemon Go augmented reality game to block players at the
former Nazi death camp out of
respect for the dead. The mobile
game, which involves collecting
250 cartoon “pocket monsters”
by physically moving around in
real life, has turned into a global
sensation since appearing on
July 5. The museum in southern Poland said it had asked
the studio Niantic Labs, which
developed the game, to remove
Auschwitz from the application’s possible locations. The
wild success of the online game
— owned by Nintendo subsidiary the Pokemon Company and
developed by studio Niantic
Labs — had already seen the
Japanese game-maker’s stock
price rocket by 59% in four days
by Tuesday. — AFP
Romanian police raid
‘slavery’ village
BUCHAREST: Inhabitants of
a village in southern Romania
kidnapped dozens of vulnerable young men and boys, and
took them into modern-day
slavery, chaining, abusing and
humiliating them, authorities said. Police carried out a
large-scale raid on Berevoiesti, 170km north of Bucharest,
on Wednesday and freed five
people, including two minors.
They are investigating around
90 suspects. Around 40 victims
were “captured in public places, near churches or train stations, or at their homes” since
2008 and forced to do household chores, look after animals
and do illegal logging, prosecutors said. — AFP
Australia testicle
remover pleads guilty
SYDNEY: A man has pleaded
guilty to cutting off someone’s
left testicle in an Australian motel room after responding to an
online advert asking for help
with a sensitive medical problem. Allan George Matthews, 56,
admitted “removing tissue” from
the 52-year-old “without consent
or authority” in Port Macquarie,
north of Sydney, in May, a local court in the town heard on
Wednesday. Police alleged that
Matthews was not a qualified or
registered doctor. — AFP
Gove sacked from
British government
LONDON: Prominent
pro-Brexit campaigner Michael Gove has been sacked
from his cabinet post of justice secretary by Britain’s new
Prime Minister Theresa May,
Sky News reported yesterday,
citing sources. Gove, who challenged May for the leadership
of the centre-right Conservative party, was criticised by
some for appearing to scupper former London mayor and
now Foreign Secretary Boris
Johnson’s chances of taking
the helm by launching his own
bid. — Reuters
F E AT U R E 2 1
China is down but not out
And the Philippines’ Duterte knows it
BY M ART I N S OON G
I
f you had randomly turned
on a television in Manila
early evening on Tuesday,
you would probably have
caught a rather dour gentleman named Perfecto Yasay
telling viewers “restraint and sobriety” were the most important
requirements of the moment.
Without any other context, you
might have thought he was delivering a eulogy. Maybe after some
kind of upsetting murder, or after the country’s notorious death
squads ran amok.
But Yasay is the Philippine foreign secretary, and he was delivering his country’s first official response to a ruling on his country’s
challenge of China’s claim to pretty
much all of the South China Sea.
The ruling, from a tribunal of the
International Court of Arbitration
in The Hague, was the end result
of a bold test case, on which the
judges found overwhelmingly in
favour of the Philippines. Three
years in the waiting, and filed by
the only Southeast Asian claimant
to the South China Sea with the
guts to do so.
So, you might have expected a
victory parade through downtown
Manila. Maybe even a carnival,
Philippine-style.
But in the event, as often happens with small states, it seems
the Philippines is content with a
careful, modest acknowledgment
of victory, rather than bombastic
public chest-beating.
And the Philippines is probably
wise to be so.
Privately, the reaction is very
different. In the Twittersphere, for
example, Filipinos were feeling
pretty nationalistic. The hashtag
#chexit, short for “China exit”, is
the new appellation du jour.
Meanwhile, back in Malacanang,
other than Yasay’s grave, measured
tones ... conspicuous silence.
As of this writing, President
Rodrigo Duterte had not actually
even commented on The Hague’s
landmark ruling. Odd, you might
think, for someone who’s rarely
short of things to say, and who proffers opinions many people would
prefer he kept to himself.
But Duterte, I believe, is being
careful rather than coy.
Remember, this is actually not
his fight. Benigno Aquino, Duterte’s
immediate predecessor, was the
one who brought the case three
years ago. He took the issue to the
world’s highest court after direct
negotiations with China hit what
he felt were a dead end. The case
was well into play when Duterte was
still comfortably ensconced in his
Davao fiefdom down in Mindanao,
and coming close to its end when
“The Punisher” was only just beginning to register in the national
consciousness.
In other words, this case may not
have made it to The Hague under
Duterte. And the result may not be
what Duterte would have wanted.
Though he is formally legally
trained, Duterte is a man who more
easily understands the law of the
street — natural law. So he knows
when you have roundly thrashed
Yasay giving a brief statement regarding the tribunal ruling on the South China Sea
during a news conference at the department of foreign affairs headquarters in Pasay
city, metro Manila on Tuesday. Photo by Reuters
a much more powerful opponent
who is used to throwing his weight
around successfully, you don’t
stand over him and perform the
haka. And he knows while China
may be on the back foot right now,
it is certainly neither down nor out.
The risk is, China could easily get
back up angrier than ever, and will
not have to look too far for payback.
And the Philippines will not have
anywhere to hide.
In any case, you could argue
that while The Hague’s ruling gives
some people comfort and a sense
of justice, others might feel it is totally the wrong approach. Former
US defense secretary Chuck Hagel
told CNBC that the ruling gives the
Philippines and other Southeast
Asian countries aggrieved by China’s assertiveness the moral high
ground. The ruling is final, and legally binding.
why there should be anything to
fear from China — which seems
to point to a reset of relations, and
direct negotiations with Beijing.
There will be talks about fish,
about why China should stop
ramming hapless Filipino trawlers and fire-hosing fishermen. This
has happened more often than it
really should, in what The Hague
on Tuesday ruled were Philippine
sovereign waters. This matters because fisheries account for about
1% of Philippine gross domestic
product. Not a whole lot, but more
than a little.
There will be talks about joint
exploration of resources. We are
talking about oil, under the seabed.
The reserves may belong to the
Philippines, but China’s involvement, including investment, would
help extract oil and gas more economically and efficiently than if
the Philippines were to do it on its
own. It can still be an open bidding
process, but China would be an
obvious front runner.
Much of the debate over control
of the South China Sea is framed
in neo-Cold War terms — how to
“contain” a resurgent and assertive China.
Duterte is much more and intimately familiar with guerrilla wars
and drug wars. He will likely approach China not as an adversary,
but more as a patron or sponsor,
and to support the Philippines’
own agenda.
One of his biggest challenges
will be keeping the US onside at the
same time. Washington is used to
having the upper hand in relations
with the Philippines. But it has serious competition now. — CNBC
True, but the problem is, it is
also not enforceable. We will not
see blue-helmeted UN peacekeepers swarming around any atolls in
the South China Sea anytime soon.
It is not that kind of situation. Instead, this global and very public
censure of China is a name-andshame approach.
But modern historical precedents show China does not react
positively or constructively to that
kind of handling. It backs them even
more into a tight corner.
Instead, there are already a
number of reasoned voices urging Duterte to take advantage of
the opportunity to talk to China,
out of the public glare, on a more
even footing, backed by The Hague’s
decision.
Government officials, includ- Martin Soong is the co-anchor of
ing Yasay himself, have gone fur- CNBC’s Street Signs, based in Singather — he has been quoted asking pore. For more, visit www.cnbc.com.
A little Indian spice for London
BY A N DY M U K H ERJEE
CHEER up, London. Here comes
some spice from India to improve
that bland post-Brexit taste.
Housing Development Finance
Corp (HDFC), India’s top mortgage
lender, plans to raise as much as 30
billion rupees (RM1.78 billion) this
week selling bonds offshore. The
37-month, London-listed securities will become the first overseas
issue of rupee-denominated notes
by an Indian borrower. Local-currency Chinese paper sold outside
the People’s Republic is known as
dim sum; the Indian variant will
go by masala, which means spice
in Hindi.
For now, the flavour is artificial. Investors will buy and sell
the HDFC debentures in dollars,
but they’ll earn the same returns
they would lending money in rupees. It’s just the first offering after a long wait. But if India does
follow the now-outmoded Chinese growth model of keeping its
home currency undervalued — so
there’s always pressure on it to
appreciate — then masala securities could mimic the trajectory
of dim sum notes, which surged
to US$85 billion in 2014 from next
to nothing a few years earlier. And
unlike China, which always had
Hong Kong’s capital market in its
backyard, India would naturally
look to London for finance. Until,
of course, the bankers in London
have all moved to Frankfurt, Paris
or Amsterdam.
New Delhi doesn’t share Beijing’s lofty ambition of boosting
its currency’s role in global trade
and international reserves. India’s
reason for promoting masala issuance is more mundane. Now that
the central bank has made a formal commitment to low inflation,
authorities hope that volatility in
the Indian currency will be low
enough for global investors to lend
to local companies in rupees. That
way, borrowers like HDFC, Indian
Railway Finance and Power Finance will be spared the burden
of hedging their dollar liabilities.
As it turns out, the economics
of swapping dollar debt into rupees is now inferior to borrowing
directly in rupees.
The shifting economics is showing up in borrowers’ behaviour.
Sales of foreign-currency debt,
which peaked in 2014, have almost collapsed. Part of it may be
because investments are taking
longer to recover than the gov-
ernment had hoped. But for assets
that already generate cash flows,
rupee debt is emerging as a better financing option. Soapmaker
Nirma, which this week pipped
other suitors to a US$1.4 billion
(RM5.52 billion) takeover of three
of LafargeHolcim’s cement plans
and two grinding stations, will pay
for the business by selling 40 billion rupees in local notes.
India has gradually increased
foreign investors’ access to the
domestic corporate bond market.
But until the currency is made freely convertible, masala debt may
be able to attract a more diverse
set of international investors than
Mumbai can muster.
How big can this market become? Dim sum notes hold some
clues. Offshore offerings of the
yuan-denominated bonds began
in earnest in mid-2010, when in-
ternational borrowers such as McDonald’s and Caterpillar sold the
securities to fund their businesses
in China. Issuance peaked in 2014,
but ground to a virtual halt after
last August’s surprise yuan devaluation. The market is starting
to recover as volatility in China’s
currency recedes.
India’s economy is less globalised than China’s in 2010. But
if the rupee can hold on to its post2013 stability, and an irritating
5% withholding tax on offshore
local-currency debt goes away,
masala bonds can fill Indian companies’ appetite for funds, while
rustling up a dash of much-needed
zing for London’s palate.
This column does not necessarily
reflect the opinion of Bloomberg
LP and its owners.
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
WEEKEND
by numbers
15.07.16 to 17.07.16
Your quick guide to rest and relaxation. By Hannah Merican
3 MUSIC PERFORMANCES TO GROOVE TO
Sachiè Amira
Watch up-and-coming songstress Sachiè Amira at Alexis
Bistro this weekend. Sachiè has gone from performing
tribute concerts at the International College of Music,
to providing background vocals for local artists and
headlining shows around Kuala Lumpur. She is now
set on getting her debut album released by the end
of this year. For this show, she will showcase a mix of
covers and original music from her upcoming album
that oozes elements of pop, R&B and trip hop. She will
be performing today and tomorrow at 10pm. There will
be a cover charge of RM10 per person. Alexis Bistro
is located at Great Eastern Mall, Jalan Ampang, Kuala
Lumpur. To make a reservation call (03) 4260 2288.
Irma Seleman
Listen to the lovely sounds of Irma Seleman at No
Black Tie tonight. Irma strings together grooves,
melodies, and harmonies that reflects her journey
in live, love and music. With the ability of arranging
and producing music organically and electronically,
Irma brought her traditional Malaysian root sound
into the worlds of soul and R&B to create her own
distinct blend. The performance starts at 9pm and
has a cover charge of RM50. No Black Tie is located
at 17 Jalan Mesui off Jalan Nagasari, Kuala Lumpur.
For more information visit www.noblacktie.com.my.
1 WEEKEND
BRUNCH SPECIAL
The Ganga Café
Savour the delectable delights a vegetarian brunch this weekend at The
Ganga Café. The brunch serves vegetarian Indian food that specialises in Gujarati cuisine. Ranging from
starters, chapatis, jeera rice, dal and
special veggies you will definitely not
be going home hungry. The brunch
buffet is held on Sundays from 10am
to 3pm. There will be no ala carte
served at this time. The Ganga Café
is located at 19 Lorong Kurau, Taman
Bukit Pantai, Kuala Lumpur. For more
information please call (03) 2284 2119.
Q Sound x Juny x Samuel Seo
Vibe to the hip-hop beats of Q Sound x Juny x Samuel
Seo at No Black Tie on Sunday. A member of the underground hip-hop crew New Block Babyz, Samuel
Seo enjoys fusing the ambient sounds of the ’90s with
southern hip-hop style. As part of his debut show in
Kuala Lumpur, he will be joined by Q Sound & Juny
who have made a name for themselves in the local jazz
and hip-hop scene. Q Sound is a versatile performer
who explores an array of musical genres while Juny
consisting of Jupiter P and Fatboy Tony have an eclectic
sound of jazz/hip-hop and R&B infused in their music.
The performance starts at 9pm and has a cover charge
of RM50. No Black Tie is located at 17 Jalan Mesui off
Jalan Nagasari, Kuala Lumpur. For more information
visit www.noblacktie.com.my.
1 RAYA SPECIAL
Saujana Golf and Country Club
Enjoy some ketupat with rendang at
Saujana Golf and Country Club this
weekend. The Raya Festive Special promotion which is available until July 31
lets you sink your teeth into some tender
chunks of chicken of beef with ketupat
rice. The chicken rendang is priced at
RM25 and the beef rendang is priced
at RM28. The Raya Festive Special is
available from noon to 8pm. The special is available at Golfer’s Terrace @
SGCC, Jalan Lapangan Terbang SAAS,
Shah Alam. For more information visit
info@thesaujana.com.
live it! 23
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
3 UNIQUE MUSICALS TO CATCH
Butterfly Lovers
Discover the unique Yue Opera with Butterfly Lovers
at Theatre Lounge Café this weekend. It will be performed by the Beijing Xiaobaihua Yue Opera Troupe
who will present three excerpts from Butterfly Lovers,
a well-known opera based on a traditional Chinese
love story between Liang Shanbo and Zhu Yingtai. This
award-winning troupe has won several prizes in China,
and their debut workshop performance at the Theatre
Lounge Café is an eye-opening and fascinating show
that’s not to be missed. Butterfly Lovers is on from today
until Sunday at 9pm. Tickets are priced at RM65 and
RM100. Theatre Lounge Café is located at B1-3A, Plaza
Damas 3, Desa Sri Hartamas, Kuala Lumpur. To make
a reservation call (03) 6730 7982.
ChildAid Asia
Do your part for a good cause by catching the annual
ChildAid Asia @Kuala Lumpur 2016 concert at KLPac.
This fundraising concert will feature young talented
performers from across Asia including a 50 member
orchestra made up of both Malaysian children and
Orchestra of the Filipino Youth from the Philippines.
Notable performers include talented siblings pianist
Caitlan Rinaldy and flutist Nathan Rinaldy, pianist
Michael Anthony Kwok and singer Gabri Panlilio. The
concert is on tomorrow and on Sunday at 8.30pm and
3pm. Tickets are priced at RM38, RM48 and RM68.
KLPac is located at Jalan Strachan off Jalan Ipoh, Sentul, Kuala Lumpur. Find out more at www.klpac.org.
Let It Be
Be enthralled by the music of the fab four with Let It
Be: A Celebration of the Music of The Beatles – Part II
this weekend at the Kuala Lumpur Convention Centre.
Relive the past and celebrate the music of The Beatles
as the show will take you through hits such as Hard
Day’s Night, Day Tripper, Sgt Pepper’s Lonely Hearts
Club Band, I Wanna Hold Your Hand and Strawberry Fields. The show allows audiences to enter a time
capsule and relive a night that never happened where
the fab four come together again on John Lennon’s
40th birthday after a decade apart. The popular West
End show is on tonight until Sunday at 8.30pm and
3.30pm. Tickets are priced at RM98, RM138, RM268,
RM338, RM398, RM588.The Kuala Lumpur Convention
Centre is located at Jalan Ampang, Kuala Lumpur. Buy
your tickets on www.ticketcharge.com.my.
3 TV SHOWS TO WATCH THIS WEEKEND
The Bourne Identity
The Diva Channel on Astro will be screening the Bourne
series in full this month. Starring Academy Award winner Matt Damon, watch as his character Jason Bourne
embarks on international espionage to prove his innocence, rediscover his past and save the woman he loves.
Suffering from total amnesia, Jason Bourne discovers he
has extraordinary fighting and self-defence skills that
speaks of a dangerous past. Audiences will never have
a dull moment with assassins chasing his every move.
The Bourne Identity will be shown on Sunday at 8.25pm
on Universal Channel on HyppTV Channel 612.
Say Yes to the Dress: Canada Season 2
Join soon-to-be brides as they plan the most exciting
day of their lives on the latest season of Say Yes to
the Dress: Canada. Expect lots of tears, cheers and
surprises as the brides have to choose the dress of
their dreams while dealing with comments and criticisms from their entourage. The series is filmed at
Amanda-Lina’s Bridal Boutique with fashion director Tyrel Abbott working hard to make the brides’
wedding dreams come true. The show is on today
at 7pm on the Diva Channel, Channel 702 on Astro.
Minute to Win It
Watch popular television personality Guy Fieri host
this game show where contestants compete to take
part in hair-raising games using household items
and off-the-shelf products. As the stakes and pressure increase, participants play in front of a studio
audience for up to 1 million dollars as they have
only a got a “minute to win it”! Minute to Win It
will be airing on the Universal Channel on HyppTV
Channel 612 at 8pm.
5.98
128.98
2 4 S P O RT S
Johnson, Day the men to
beat as Open gets underway
All eyes on golf’s ‘Big Four’
BY A N DY SCOTT
TROON (United Kingdom): All eyes
were on golf’s so-called “Big Four”
as the 145th British Open started
at Royal Troon on Scotland’s west
coast yesterday, with Dustin Johnson in the best shape.
Beautiful early morning sunshine greeted the first players to
tee off, with local hero Colin Montgomerie hitting the first shot of the
championship at 6.35am local time
(0535 GMT) in front of enthusiastic galleries.
Now 53 and seen as one of the
best players never to win a major,
Montgomerie came through qualifying for this year’s Open.
Playing in a group with Luke
Donald and Australia’s Marc Leishman, Montgomerie did not start
well, however, finding a greenside
bunker and eventually carding a
double-bogey six.
Conditions are expected to remain fine throughout yesterday,
Almost a
third of Rio
Olympic
tickets unsold
RIO DE JANEIRO: Nearly a
third of tickets to the Rio Olympics remain unsold just over
three weeks from the opening
ceremony, an official said on
Wednesday, insisting that sales
were on course.
“We have sold over 70% of
available tickets,” a spokesman for the Rio 2016 organising committee said in an
emailed statement.
The spokesman said this
was “ahead of our revenue
targets” and that “our goal is
to sell out all tickets.”
The total unsold so far
amounts to some 1.7 million
tickets to events at the first
Olympics ever held in South
America, he said.
A 30-second television
spot was launched last week
on nationwide Globo television, as well as cable outlets
and in cinemas in a final push
ahead of the Aug 5 opening
ceremony.
Brazil is hosting the Games
amid a deep recession and a
political crisis in which the
president, Dilma Rousseff,
looks likely to be removed
from office in an impeachment trial culminating just
days after the Olympics end.
— AFP
with wetter and windier conditions
forecast to come in from the Firth
of Clyde today and tomorrow.
Laid-back American Johnson
comes into the championship fresh
from finally winning a major at the
US Open last month and he shares
the status of favourite with world
No 1 Jason Day of Australia.
“The game’s in good form, and
I’ve got a lot of confidence in it,
so we’ll see what happens,” said
Johnson, who was to get his first
round underway at 2pm local time
(1300 GMT).
By then, the rest of the “Big Four”
— Day, Jordan Spieth and Rory
McIlroy — could all be finishing
their opening rounds as they each
teed off before 10am.
Day, who just failed to make the
three-man play-off at the end of
last year’s Open, is in a group with
Masters champion Danny Willett
and American star Rickie Fowler.
“This is pretty special,” admitted
Day, 28, after arriving in Troon, 35
England’s Donald (right) playing his tee shot on the second hole as Scotland’s
Montgomerie (centre) looks on during the first round yesterday. Photo by Reuters
miles south-west of Glasgow, at the
start of the week.
“The greats have all held the trophy, the Claret Jug. To be able to
hold that once in my career, it would
be very pleasing and satisfying.
“I get excited to be able to play
the Open Championship ... because
of how challenging the golf course
is and the weather.” — AFP
on social media in support of Messi.
“We are involved in a controversy in which there is the feeling
that FC Barcelona has committed
a tax crime whereas that is not the
case,” said club spokesman Josep
Vives on Monday.
The Spanish giants were only
“defending someone who has been
and is still being treated unjustly”,
he added.
Last Friday Barcelona took to
social media following Messi and
his father’s conviction for avoiding paying taxes on €4.16 million
(RM18.25 million) of the player’s income earned from his image rights
from 2007 until 2009.
“Using the hashtag #WeAreAllLeoMessi while posting a photo
or message with both hands open,
the campaign is encouraging all
Barça fans to express their sympathy for the greatest footballer in
the world by voicing their unconditional support on social networks,”
a statement on the club’s website
explained.
“By making it clear that #WeAreAllMessi, we want Leo to know
that he is not alone. All members,
supporters clubs, fans, athletes,
media and everyone else are invited to participate.” — AFP
Temasek subsidiary enters MMA ring
SINGAPORE: An arm of Singapore
state giant Temasek Holdings is
investing in Asian mixed martial
arts (MMA) promoter One Championship, which is planning a share
offer within three years, company
officials said yesterday.
One Championship chairman
Chatri Sityodtong said an “eight-figure” US dollar sum will be injected
into the Singapore-based firm by a
consortium led by Heliconia Capital Management, a wholly-owned
subsidiary of Temasek.
“Potentially, our plan in the next
two to three years is to go public
through an IPO (initial public of-
Pokemon Go welcome at
Rio Olympics, mayor says
RIO DE JANEIRO: Could hunting for a Pokemon get any hotter? Maybe in Rio, so the city
about to host the Olympic
Games is urging makers of the
popular app to come down to
Brazil. The app, based on a Nintendo title that debuted 20 years
ago, uses GPS and mapping capabilities in smartphones to let
players roam the real world to
find “PokeStops” stocked with
supplies and hunt cartoon monsters to capture and train for
battles. “Hello Nintendo! There
are 23 days until the Rio 2016
Olympic Games. Everybody’s
coming. You should come
on down too,” mayor Eduardo Paes said on Facebook on
Wednesday, with the welcoming
hashtag #PokemonGoNoBrasil
(Pokemon Go in Brazil). — AFP
Wales overtake England
in Fifa world rankings
Spanish league chief happy
for Messi to stay
MADRID: Spanish League president
Javier Tebas said on Wednesday that
he does not consider Lionel Messi
to be a criminal and is happy for the
Barcelona star to remain in La Liga.
“About Messi, I have said I do
not consider him a criminal and
I am happy for him to continue in
the league,” Tebas said in Madrid
at a sponsor’s presentation.
Tebas also reminded critics that
Messi is appealing against the decision of a Spanish court which
sentenced him to 21 months in
prison for tax fraud.
His comments came two days after Barcelona defended a campaign
IN BRIEF
fering),” he told AFP.
“This investment is in the significant eight-figure range and will put
One Championship on track for a
US$1 billion (RM3.94 billion) valuation within 12 to 18 months,” he said.
MMA has grown from a niche
sideshow to a multibillion-dollar
industry and one of the world’s
fastest-growing sports.
In a press statement, Heliconia chief executive officer Derek
Lau said it looks forward to One
Championship “taking the lead
in the coming years to grow the
sports media and entertainment
industry in Asia”.
One Championship is the Asian
counterpart of the US-based Ultimate Fighting Championship (UFC)
group, the world’s largest MMA
promoter.
UFC announced this week that
it is being bought for US$4 billion
by a combination of sports and arts
talent group WME-IMG backed by
private equity groups.
Heliconia’s parent company
Temasek had a portfolio of about
US$180 billion as of March 2016,
mainly in Singapore and Asia.
One Championship’s matches
are broadcast across 118 countries
around the world. — AFP
BENGALURU (India): Propelled
by an impressive European
Championship campaign, Wales
climbed 15 places to move into
11th, two places ahead of England,
in the Fifa world rankings released
yesterday. Chris Coleman’s charges reached the last four in France
in Wales’ first major tournament
since 1958 and lost to eventual
winners Portugal. England, the
1966 World Cup winners, exited
in the round of 16 after a humiliating defeat to Iceland which saw
them drop two places to 13th. Iceland, the smallest nation ever to
have qualified for the European
Championship, with a population
of 330,000, saw their fairy-tale run
end in the quarter-finals but saw
their rankings jump 12 places to
22. — Reuters
US Open boosts prize
money to record US$46.3m
NEW YORK: The 2016 US Open,
the fourth and final Grand Slam
of the year, will dish out a record
US$46.3 million (RM182.42
million) in prize money, including US$3.5 million for
the men’s and women’s singles champions. The bumpedup new purse, announced by
the US Tennis Association, will
make for an increase of about
10% per round for players, with
the singles runners-up commanding US$1.75 million. The
numbers outstrip those paid at
the other Grand Slam events.
This year’s Wimbledon champions, Andy Murray and Serena Williams, earned £2 million
(RM10.43 million) apiece out
of a prize money pool of £28.1
million. — AFP
Disney CEO Iger joins LA
2024 bid
LOS ANGELES: The committee seeking to bring the 2024
Olympics to Los Angeles have
tapped Walt Disney Co chairman and chief executive officer
Bob Iger as a vice chair of its
board of directors. Iger joins
fellow vice chairs Janet Evans,
Earvin “Magic” Johnson, Candace Cable and Maria Elena
Durazo on the board chaired
by Casey Wasserman. — AFP
Markets 2 5
BURSA MAL AYSIA MAIN MARKET
Bursa Malaysia
YEAR
HIGH
Sectorial Movement
INDICES
CLOSE
+/-
%CHG
INDICES
CLOSE
+/-
%CHG
KLSE COMPOSITE
1,654.78
-5.61
-0.34
TECHNOLOGY
21.35
-0.07
-0.33
KLSE INDUSTRIAL
3,129.08
-16.02
-0.51
FTSE BURSA 100
11,284.93
-30.72
-0.27
FTSE BURSA MID 70
13,174.40
-8.41
-0.06
CONSUMER PRODUCT
604.66
0.19
0.03
INDUSTRIAL PRODUCT
141.14
-0.26
-0.18
FTSE BURSA SMALL CAP
15,272.59
26.58
0.17
CONSTRUCTION
285.44
-0.23
-0.08
FTSE BURSA FLEDGLING
15,587.59
53.54
0.34
FTSE BURSA EMAS
11,583.59
-28.51
-0.25
5,412.09
80.20
1.50
TRADE & SERVICES
224.63
0.11
0.05
KLSE FINANCIAL
14,167.52
-91.56
-0.64
FTSE BUR M’SIA ACE
KLSE PROPERTY
1,168.22
-1.25
-0.11
FTSE BUR EMAS SHARIAH
12,158.01
-35.87
-0.29
KLSE PLANTATION
7,522.92
-41.24
-0.55
FTSE BUR HIJRAH SHARIAH
13,602.33
-35.44
-0.26
482.29
Unch
Unch
FTSE/ASEAN 40
9,416.08
-16.29
-0.17
KLSE MINING
Bursa Malaysia Main Market
YEAR
HIGH
YEAR
LOW
DAY
HIGH
CONSUMER PRODUCTS
0.824 0.533 0.770
4.270 3.350 3.740
13.540 5.327 13.540
0.360 0.220
—
6.320 4.052 5.790
1.850 0.950
—
5.299 2.977 4.210
64.156 40.235 54.500
0.080 0.040 0.040
0.954 0.550 0.590
1.870 0.880 1.610
0.660 0.427 0.500
0.400 0.230
—
14.700 10.731 14.680
0.639 0.351 0.540
2.847 1.970 2.050
1.970 0.464 1.180
3.290 1.670 2.590
0.085 0.025
—
2.417 1.336 2.020
1.400 1.010 1.390
0.175 0.065 0.090
0.075 0.040 0.045
0.965 0.765
—
61.300 43.275 61.000
0.165 0.065 0.090
0.265 0.075 0.075
0.280 0.165 0.195
0.460 0.190 0.255
2.620 1.693
—
0.325 0.210 0.225
0.940 0.640 0.785
27.000 16.547 26.080
0.940 0.475 0.645
1.137 0.990
—
1.207 0.376
—
0.966 0.553 0.780
1.640 0.720 0.950
2.760 2.070
—
1.200 0.930
—
0.160 0.010 0.040
17.100 11.735 17.040
8.500 4.216 8.490
1.196 0.860 0.890
0.515 0.370 0.380
5.280 2.850 4.360
1.416 1.049 1.340
0.590 0.340 0.555
2.616 1.760 1.870
1.420 0.671 1.080
1.170 0.510 0.580
3.160 2.130 2.330
3.965 2.280 3.500
0.205 0.025 0.075
0.935 0.560
—
2.540 1.742 1.930
1.180 0.920 1.040
0.110 0.035 0.060
8.100 4.950 5.300
9.700 2.950 8.670
0.405 0.225 0.295
3.325 1.960 2.920
0.895 0.700 0.735
1.987 1.340 1.360
4.585 2.374 4.000
0.115 0.020
—
1.397 1.141 1.310
1.060 0.810
—
1.262 1.033
—
5.040 4.382
—
0.105 0.025
—
1.626 1.084
—
77.200 68.879 77.000
2.850 2.125
—
0.200 0.080 0.095
0.370 0.220 0.265
1.079 0.614 0.870
0.753 0.425 0.440
2.550 1.834
—
7.139 6.294 6.500
2.520 1.193 2.520
32.920 19.941 32.600
0.768 0.587
—
0.390 0.200
—
0.885 0.275 0.470
1.120 0.725 0.750
0.229 0.123 0.155
0.580 0.402 0.500
2.071 1.391 1.480
16.784 14.079 16.680
0.614 0.458
—
2.077 1.348 1.490
0.749 0.440 0.700
2.896 1.897 2.490
4.650 3.662 4.460
1.650 1.340
—
1.438 1.150 1.200
0.523 0.270 0.285
1.210 0.550 1.200
1.430 0.550 0.590
0.120 0.055 0.065
2.450 0.890 2.050
1.411 0.704 1.010
0.060 0.035 0.045
0.405 0.130 0.285
2.750 1.671 2.420
1.505 0.723 1.100
0.745 0.365 0.580
0.450 0.280 0.315
2.990 1.860 1.940
1.406 0.346 1.270
1.702 1.031 1.220
1.610 1.184
—
0.560 0.435
—
0.510 0.170
—
10.432 4.880 5.780
2.332 1.468 2.120
1.008 0.417 0.960
0.098 0.035 0.040
0.670 0.390
—
0.607 0.175 0.200
2.367 1.404 2.290
0.665 0.190 0.665
1.330 0.787 1.330
3.369 2.105
—
2.055 1.335 1.390
INDUSTRIAL PRODUCTS
1.460 0.888 1.400
0.160 0.095 0.095
0.640 0.470 0.505
0.330 0.260
—
1.040 0.685
—
2.267 1.795 2.100
* Volume Weighted Average Price
DAY
LOW
0.760
3.740
13.280
—
5.770
—
4.180
53.760
0.040
0.580
1.580
0.480
—
14.500
0.530
2.020
1.180
2.570
—
1.990
1.380
0.085
0.045
—
60.700
0.085
0.075
0.195
0.250
—
0.225
0.785
25.940
0.625
—
—
0.760
0.900
—
—
0.030
16.900
8.350
0.870
0.380
4.360
1.340
0.535
1.860
1.060
0.540
2.300
3.460
0.070
—
1.900
1.040
0.055
5.280
8.520
0.290
2.840
0.725
1.360
3.800
—
1.300
—
—
—
—
—
76.800
—
0.095
0.260
0.850
0.425
—
6.480
2.430
32.420
—
—
0.465
0.750
0.155
0.500
1.470
16.440
—
1.460
0.690
2.440
4.350
—
1.190
0.280
1.190
0.590
0.065
2.030
1.000
0.040
0.280
2.390
1.100
0.565
0.315
1.920
1.220
1.190
—
—
—
5.660
2.100
0.960
0.035
—
0.180
2.190
0.610
1.290
—
1.370
1.370
0.095
0.500
—
—
2.100
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
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
7943
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
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
SNC
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)
0.760
3.740
13.540
0.250
5.780
0.960
4.190
54.200
0.040
0.580
1.610
0.490
0.325
14.500
0.540
2.020
1.180
2.590
0.030
2.000
1.390
0.085
0.045
0.960
60.800
0.090
0.075
0.195
0.255
2.030
0.225
0.785
26.000
0.625
0.990
0.820
0.780
0.920
2.620
1.100
0.040
17.020
8.370
0.885
0.380
4.360
1.340
0.540
1.860
1.080
0.570
2.320
3.460
0.075
0.750
1.930
1.040
0.060
5.280
8.670
0.290
2.880
0.730
1.360
4.000
0.020
1.300
1.000
1.080
4.900
0.035
1.300
77.000
2.750
0.095
0.260
0.860
0.435
2.370
6.490
2.490
32.500
0.700
0.320
0.470
0.750
0.155
0.500
1.480
16.500
0.510
1.470
0.700
2.490
4.380
1.520
1.200
0.285
1.190
0.590
0.065
2.040
1.010
0.045
0.280
2.400
1.100
0.575
0.315
1.930
1.250
1.190
1.300
0.460
0.430
5.740
2.100
0.960
0.035
0.460
0.190
2.290
0.650
1.300
2.270
1.380
1.390
0.095
0.500
0.260
0.685
2.100
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
-0.015
527.3
-0.220
13.5
0.360
82.4
—
—
-0.010
9.4
—
—
-0.110
5
0.200
182.6
UNCH
302
-0.005
256.8
UNCH
19
UNCH
71.3
—
—
-0.120
132.7
0.005
132.6
-0.020
99.2
UNCH
20
0.020
36.5
—
—
-0.030
154
0.010
20.5
-0.005 2166.1
UNCH
285
—
—
0.800
65.1
UNCH
255.9
UNCH
620
UNCH
100
UNCH
169.3
—
—
UNCH
165
UNCH
4
0.120
350.4
UNCH
2
—
—
—
—
UNCH
118.2
-0.015
52.3
—
—
—
—
0.030
80
0.220
64
0.090
80
0.020
167.3
0.005
377.8
-0.030
0.4
0.010
42
-0.020
65
UNCH
10
0.020
453.6
0.050
75
0.010
141.9
-0.040
30.8
0.005
38.9
—
—
UNCH
31.3
UNCH
22
UNCH
106.5
-0.070
1.5
UNCH
13.2
-0.005
161.2
-0.040
966.9
-0.010
112.1
UNCH
3
0.080
353.7
—
—
UNCH
137.4
—
—
—
—
—
—
—
—
—
—
0.240
141.1
—
—
-0.005
49.3
-0.005
184.5
UNCH
101.1
UNCH 5747.8
—
—
-0.010
91.8
0.050 1150.3
-0.140
11.9
—
—
—
—
0.030
29
UNCH
50.5
UNCH
88
-0.015
5
0.010
173.4
-0.180
550.8
—
—
-0.020
127.9
-0.005
149.9
0.050
12.6
-0.080
224.3
—
—
UNCH
79.5
UNCH
554
-0.010
36
-0.005
10
UNCH 2746.8
-0.010
53.6
UNCH
207.3
UNCH
60
-0.005
318
-0.040
61
0.050
5
0.005
959.1
0.010
5
-0.010
64.1
UNCH 1305.9
-0.010
147.3
—
—
—
—
—
—
0.060 2023.1
UNCH
18
UNCH
6
-0.005
189.8
—
—
0.005 12458.9
0.090
368
0.055 1527.8
-0.020
108
—
—
0.010
105.4
0.767
3.740
13.429
—
5.784
—
4.193
54.247
0.040
0.584
1.589
0.480
—
14.607
0.533
2.028
1.180
2.580
—
1.998
1.383
0.085
0.045
—
60.801
0.088
0.075
0.195
0.254
—
0.225
0.785
25.982
0.635
—
—
0.767
0.902
—
—
0.036
16.987
8.394
0.880
0.380
4.360
1.340
0.548
1.862
1.070
0.563
2.317
3.486
0.072
—
1.923
1.040
0.055
5.288
8.581
0.290
2.869
0.731
1.360
3.882
—
1.309
—
—
—
—
—
76.819
—
0.095
0.263
0.861
0.432
—
6.493
2.491
32.510
—
—
0.468
0.750
0.155
0.500
1.478
16.494
—
1.469
0.694
2.451
4.383
—
1.195
0.281
1.191
0.590
0.065
2.036
1.006
0.043
0.281
2.406
1.100
0.570
0.315
1.934
1.237
1.205
—
—
—
5.739
2.109
0.960
0.038
—
0.191
2.250
0.647
1.302
—
1.377
13.64
12.30
20.18
—
15.53
—
10.44
18.37
—
18.59
12.66
7.73
9.59
19.14
12.11
12.31
6.31
14.15
—
14.04
12.93
1.49
—
18.32
24.65
150.00
—
—
6.13
43.94
31.69
140.18
24.93
—
36.26
10.14
10.44
11.44
14.92
—
—
20.67
11.67
8.95
18.36
11.01
19.45
22.22
7.81
8.50
7.78
34.02
22.56
—
14.91
9.56
24.24
—
6.65
197.95
10.58
7.64
7.58
15.18
7.93
—
21.59
322.58
14.92
13.07
—
—
28.96
10.16
52.78
28.26
16.54
—
22.34
14.15
13.86
13.43
25.93
8.23
—
—
20.67
52.08
7.10
18.37
15.41
8.17
15.77
17.17
28.46
—
22.18
—
33.71
—
—
6.92
14.31
50.00
—
12.16
71.43
9.76
—
111.56
9.71
12.95
19.70
—
22.75
—
9.45
11.62
38.89
44.66
1.42
11.64
—
11.59
12.44
13.35
3.29
2.94
1.48
—
5.19
0.52
3.82
5.33
—
3.24
—
2.04
—
4.97
2.78
4.70
1.69
—
—
3.69
7.19
—
—
2.60
1.64
—
—
—
—
3.20
—
—
2.40
—
1.52
1.22
8.97
—
0.76
3.64
—
4.17
3.82
4.52
2.63
—
2.99
—
5.38
3.70
—
0.72
0.72
—
—
3.63
—
—
2.27
—
—
4.63
—
3.68
2.00
—
3.08
—
4.63
5.31
—
1.02
3.12
4.00
—
1.92
0.93
—
1.79
2.77
4.02
4.28
3.57
—
—
—
—
2.00
2.70
1.52
2.45
1.61
3.21
4.42
0.97
—
1.67
—
—
—
—
4.90
4.95
—
—
2.08
0.91
—
—
2.59
2.40
2.94
5.77
2.17
—
3.48
4.29
3.13
—
—
9.63
1.53
—
3.08
2.86
4.35
135.1
438.1
823.2
12.5
462.4
76.0
804.4
15,475.7
19.9
467.6
276.8
39.2
64.0
4,467.1
170.3
563.5
49.7
419.6
20.0
457.6
167.5
105.6
37.9
128.6
3,891.2
52.9
23.4
32.8
24.5
143.6
54.7
34.9
9,536.2
38.2
247.5
70.0
192.9
441.7
1,599.9
500.9
18.7
5,141.7
2,744.6
265.5
309.7
377.8
1,072.0
40.4
163.7
148.2
46.8
2,325.5
827.1
5.1
75.0
77.3
137.8
16.0
513.3
525.2
48.7
518.4
136.2
176.9
650.9
8.0
715.3
54.4
65.7
3,444.6
21.2
301.0
18,056.5
206.7
28.8
62.0
966.0
98.9
568.8
4,026.4
1,638.2
1,974.2
84.5
22.4
28.2
415.0
119.9
205.2
335.7
19,560.7
51.0
259.9
113.7
757.2
5,466.4
93.7
335.3
34.2
142.8
76.0
31.8
102.0
242.7
88.9
18.5
387.0
160.5
351.9
25.2
1,297.0
408.7
357.0
53.0
63.8
100.5
6,706.0
167.1
153.6
94.3
33.4
92.2
430.1
89.4
208.0
305.7
634.8
1.385
0.095
0.500
—
—
2.100
23.52
—
—
17.93
41.02
14.28
1.01
—
—
—
—
5.71
547.1
25.1
73.6
56.8
104.7
43.1
-0.010
-0.005
UNCH
—
—
0.050
1372
102
278.7
—
—
5
# PE is calculated based on latest 12 months reported Earnings Per Share
YEAR
LOW
DAY
HIGH
DAY
LOW
0.170 0.100 0.135
0.135
0.470 0.325
—
—
0.400 0.260 0.355
0.355
4.717 2.167 4.230
4.030
0.465 0.110
—
—
0.940 0.610 0.800
0.800
0.460 0.325 0.360
0.350
1.260 0.620 1.240
1.210
0.360 0.120 0.210
0.205
1.465 0.963
—
—
4.311 3.565 3.580
3.580
0.875 0.382 0.840
0.820
0.746 0.543 0.700
0.685
0.700 0.500 0.515
0.515
1.660 0.510 0.980
0.910
2.480 1.410
—
—
0.795 0.285 0.440
0.425
0.140 0.090 0.105
0.105
1.375 0.975 1.010
1.000
3.100 2.210
—
—
1.960 0.850 1.680
1.640
0.520 0.285 0.315
0.305
0.310 0.175
—
—
0.455 0.180 0.210
0.210
5.110 1.977 3.440
3.360
0.166 0.025 0.030
0.025
2.315 1.553 2.000
1.970
1.071 0.823 0.880
0.880
1.690 1.201 1.550
1.540
2.560 1.380
—
—
1.500 1.140
—
—
2.284 1.234 1.380
1.360
1.680 1.340 1.480
1.440
1.160 0.640
—
—
0.090 0.040 0.055
0.050
5.932 3.170 3.610
3.560
0.370 0.130 0.310
0.260
2.640 1.423 1.540
1.510
0.990 0.200 0.815
0.795
1.000 0.605 0.625
0.610
1.365 0.829 1.240
1.230
0.974 0.609 0.855
0.850
0.440 0.275 0.385
0.385
2.374 1.605
—
—
0.475 0.250 0.360
0.355
0.308 0.170 0.220
0.215
0.635 0.250 0.290
0.290
0.510 0.410
—
—
0.855 0.550 0.580
0.580
1.536 1.090 1.120
1.100
1.450 0.775 0.910
0.895
0.670 0.243 0.670
0.645
1.260 0.406 0.860
0.845
1.600 0.970 1.050
1.030
0.920 0.190 0.815
0.795
0.788 0.540 0.580
0.560
1.683 0.995 1.020
1.000
1.560 0.600 0.900
0.860
1.176 0.918 1.020
1.020
3.210 2.274 2.560
2.540
0.835 0.347 0.510
0.510
2.348 1.977 2.210
2.200
3.090 1.225 1.780
1.730
1.570 1.370
—
—
2.970 0.770 1.810
1.760
0.075 0.040 0.045
0.045
0.445 0.180 0.445
0.390
0.130 0.075 0.095
0.095
0.565 0.285
—
—
0.312 0.173 0.230
0.230
0.135 0.070 0.100
0.100
1.080 0.805 0.825
0.810
0.750 0.320 0.400
0.400
6.095 3.792 4.490
4.400
3.500 2.640 3.050
3.020
1.775 1.101 1.220
1.190
0.985 0.706 0.865
0.865
0.525 0.180 0.255
0.225
0.905 0.130 0.185
0.180
1.768 0.918
—
—
0.990 0.530
—
—
0.430 0.280
—
—
0.080 0.020
—
—
3.991 2.852 3.120
3.110
0.130 0.050 0.060
0.055
0.960 0.760 0.800
0.780
2.190 1.371 2.070
2.010
0.370 0.220 0.250
0.250
0.120 0.045 0.080
0.075
0.175 0.135 0.150
0.150
0.280 0.060
—
—
1.320 0.920 1.080
1.030
2.775 1.186 2.180
2.070
1.810 1.050 1.180
1.110
0.230 0.145
—
—
1.290 0.353 0.875
0.855
0.985 0.430 0.505
0.500
3.418 2.911 3.020
2.990
2.516 1.529 1.780
1.720
0.200 0.070 0.075
0.070
1.873 1.249 1.540
1.420
0.625 0.390 0.410
0.400
2.703 0.937 1.180
1.180
0.775 0.335 0.395
0.385
9.402 5.839 6.730
6.590
0.600 0.405
—
—
5.671 4.235 4.820
4.780
0.506 0.321
—
—
0.570 0.320
—
—
9.598 7.322 8.280
8.020
0.640 0.384 0.610
0.600
0.784 0.490 0.620
0.585
0.586 0.407 0.430
0.430
0.205 0.110 0.115
0.115
0.075 0.025 0.025
0.025
0.115 0.040 0.045
0.045
0.475 0.220 0.325
0.315
0.360 0.110 0.310
0.310
0.095 0.060 0.070
0.065
4.084 3.056 3.430
3.430
0.740 0.330 0.525
0.510
0.776 0.495 0.630
0.550
0.590 0.360
—
—
0.945 0.652 0.900
0.865
1.130 0.805
—
—
0.430 0.175 0.340
0.335
0.755 0.490
—
—
1.571 1.038 1.170
1.170
2.030 1.585
—
—
1.340 0.655 0.890
0.875
0.110 0.060 0.090
0.085
1.894 1.006 1.640
1.600
0.665 0.325 0.625
0.615
2.930 2.090 2.750
2.750
2.564 1.025 2.160
2.050
0.600 0.210 0.445
0.435
0.200 0.050
—
—
0.645 0.100 0.330
0.320
0.705 0.454 0.525
0.515
1.220 0.647 1.210
1.200
1.260 0.890 0.975
0.970
0.095 0.050
—
—
7.511 5.096 6.650
6.530
1.719 1.540 1.660
1.630
0.735 0.400 0.655
0.630
6.180 3.923 6.090
6.070
0.320 0.090 0.105
0.100
23.160 19.769 22.260 22.000
6.982 2.655 3.840
3.790
2.731 1.065 2.480
2.430
1.400 0.759 1.350
1.330
4.030 1.362 3.990
3.900
0.650 0.430 0.500
0.480
0.460 0.315 0.320
0.315
1.170 0.650 0.970
0.945
0.380 0.300 0.315
0.310
0.625 0.400 0.615
0.595
1.169 0.446 1.110
1.100
0.190 0.090 0.100
0.095
1.700 1.300
—
—
0.950 0.690
—
—
6.330 5.620 5.930
5.930
0.520 0.224 0.430
0.430
0.941 0.620
—
—
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
7004
3778
5223
8192
6149
5001
7219
5576
7595
5916
3883
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
MCEHLDG
MELEWAR
MENTIGA
MERCURY
METROD
MIECO
MINETEC
MINHO
MLGLOBAL
MSC
MUDA
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)
0.135
0.440
0.355
4.220
0.155
0.800
0.360
1.220
0.205
1.030
3.580
0.835
0.700
0.515
0.910
1.560
0.440
0.105
1.010
2.450
1.660
0.315
0.295
0.210
3.430
0.030
1.990
0.880
1.550
1.530
1.140
1.380
1.480
0.740
0.055
3.610
0.310
1.510
0.800
0.620
1.240
0.855
0.385
2.120
0.355
0.215
0.290
0.510
0.580
1.120
0.900
0.660
0.850
1.050
0.800
0.560
1.000
0.900
1.020
2.550
0.510
2.200
1.750
1.400
1.770
0.045
0.430
0.095
0.310
0.230
0.100
0.820
0.400
4.490
3.020
1.190
0.865
0.255
0.180
1.040
0.745
0.325
0.025
3.110
0.060
0.800
2.040
0.250
0.075
0.150
0.080
1.030
2.180
1.150
0.170
0.870
0.505
3.000
1.780
0.070
1.530
0.400
1.180
0.395
6.610
0.420
4.780
0.380
0.405
8.150
0.605
0.620
0.430
0.115
0.025
0.045
0.320
0.310
0.065
3.430
0.515
0.630
0.510
0.895
0.880
0.335
0.500
1.170
1.800
0.885
0.090
1.620
0.625
2.750
2.150
0.435
0.070
0.325
0.525
1.200
0.970
0.080
6.600
1.630
0.655
6.070
0.100
22.100
3.830
2.430
1.350
3.950
0.500
0.320
0.950
0.310
0.600
1.100
0.100
1.480
0.840
5.930
0.430
0.745
+/–
(RM)
VOL
(‘000)
-0.005
102.1
—
—
UNCH
21.4
0.180
542.3
—
—
-0.005
49
0.010
346.8
0.010 1699.3
-0.005
253.5
—
—
UNCH
106.7
UNCH
813
UNCH
188.7
UNCH
1.4
-0.070
27.6
—
—
0.010
60.6
UNCH
155
UNCH
157.7
—
—
-0.020
86.2
UNCH
98.7
—
—
UNCH
8.2
0.060
267.4
UNCH 8413.3
0.010
90.9
0.010
10
UNCH
60.5
—
—
—
—
UNCH
667.4
0.050
15.8
—
—
UNCH 1784.3
0.020 1712.2
-0.010
12.1
-0.030
100.4
-0.010 1858.6
0.005
311.7
0.010
285.7
UNCH
152.5
UNCH
1.2
—
—
-0.005
140.5
UNCH
430
UNCH
50
—
—
0.030
39.2
UNCH
79.4
UNCH 3256.5
UNCH 4111.7
0.010
735.7
0.030
12
-0.010 2067.9
-0.020
10
UNCH 2404.1
0.040
181.5
-0.020
35
-0.040
211.1
-0.010
39.7
-0.010
21.6
0.020
983.3
—
—
-0.030
160.3
UNCH 3459.4
0.045
6299
UNCH
3
—
—
UNCH
45
UNCH
140
UNCH
538.2
UNCH
42.6
UNCH
812.7
0.020
26
-0.030
651.2
UNCH
30
0.035 75169.3
-0.005
244.5
—
—
—
—
—
—
—
—
-0.090
2
-0.005
2549
UNCH
11
0.040
13
UNCH
32.1
UNCH
397.8
UNCH
100
—
—
-0.060
195.2
0.110
669.6
0.020 1549.7
—
—
0.020
65.1
-0.020
44.4
0.010
67.2
0.060
1.5
-0.005
292
0.080
282
-0.005 15494.6
-0.020
5.2
0.010
468.2
-0.130 1224.5
—
—
-0.020
67.2
—
—
—
—
-0.100
339.4
-0.005 1779.6
0.025 1134.2
-0.020
34
UNCH
107
UNCH
72
UNCH
15
UNCH
807.4
-0.005
50
-0.005
341.3
-0.020
2
UNCH
1417
UNCH
3.2
—
—
0.030
191
—
—
-0.005
355
—
—
UNCH
3.5
—
—
-0.005
284.1
UNCH
526.3
0.030
807.8
0.005
96
0.010
1.6
-0.020
12.7
-0.010
999.9
—
—
-0.005
832.6
-0.010
107.8
UNCH
204.2
0.015
30
—
—
UNCH 3112.3
-0.030
118.4
0.030
832.8
0.010
18.2
-0.005
221.4
-0.100 1174.3
UNCH
15.2
-0.050
5281
-0.010
40
0.050 1424.4
0.005
56.2
-0.005
2.3
UNCH
303.6
-0.005
39
-0.020
327.1
-0.010
15.6
0.005
764.3
—
—
—
—
0.020
16.8
UNCH
192.5
—
—
VWAP*
(RM)
PE#
(X)
DY
(%)
0.135
—
— 18.72
0.355
—
4.147 14.52
—
—
0.800 67.23
0.354 29.51
1.227
—
0.210
—
— 137.33
3.580 13.46
0.829
7.91
0.691
8.56
0.515
—
0.973
—
—
—
0.431
7.91
0.105
—
1.000 16.95
— 18.13
1.659 12.88
0.309
—
—
—
0.210
—
3.384
8.46
0.030
1.07
1.982 12.42
0.880 12.87
1.548 12.56
—
4.58
—
—
1.369
6.87
1.467 33.11
—
—
0.050
—
3.596 20.21
0.260
—
1.521
9.09
0.801
8.30
0.617 28.18
1.237
8.24
0.854 14.39
0.385
—
— 24.91
0.360 11.20
0.217
—
0.290
—
—
—
0.580
—
1.109 13.91
0.901
—
0.659
7.74
0.850
4.11
1.038
—
0.803
7.71
0.573
—
1.006
8.47
0.884 12.88
1.020 18.02
2.554
6.67
0.510 10.47
2.207 10.36
1.754
5.69
— 933.33
1.772 11.47
0.045
—
0.415
—
0.095
—
—
—
0.230 12.11
0.100
—
0.817 27.89
0.400
—
4.448 28.56
3.044 20.52
1.198
6.40
0.865 11.46
0.241
—
0.181
—
— 12.71
— 13.14
— 29.55
—
—
3.115 23.87
0.060
—
0.782
—
2.019 19.84
0.250
—
0.075 12.71
0.150
—
—
—
1.047 28.30
2.150 11.42
1.143 20.03
— 26.56
0.865
8.59
0.502 19.80
3.000 11.60
1.724 11.01
0.070
—
1.475
—
0.405 31.25
1.180 11.55
0.394
—
6.608 20.28
—
—
4.799 22.55
— 33.33
—
—
8.137 34.98
0.605 12.00
0.605
9.70
0.430 10.70
0.115
—
0.025
—
0.045
—
0.319
—
0.310
—
0.065
—
3.430 10.75
0.516
—
0.583 11.33
—
—
0.881 10.68
—
—
0.336 10.28
—
—
1.170
9.46
—
8.93
0.881
3.99
0.090
—
1.621 13.58
0.620
5.15
2.750 11.97
2.129 20.44
0.441
3.55
—
—
0.326
—
0.522 14.62
1.200
9.08
0.973 11.86
—
—
6.595 19.53
1.654
—
0.633
4.35
6.084 11.83
0.103
—
22.095 22.03
3.826
5.72
2.451 22.75
1.343 12.50
3.955 27.92
0.497
—
0.320 11.72
0.958
7.35
0.313 68.89
0.603
9.36
1.107 19.93
0.097 25.64
— 15.37
— 20.44
5.930
—
0.430 13.52
— 10.84
—
—
—
1.42
—
6.25
—
2.46
—
6.31
5.45
2.69
2.79
—
—
—
—
—
1.73
—
3.01
—
—
—
1.17
—
3.02
4.26
3.87
—
—
5.68
2.70
2.36
—
1.25
—
2.65
—
—
6.45
7.02
—
2.77
—
—
—
—
—
3.38
6.67
4.70
—
—
—
1.79
1.00
0.56
2.45
5.88
2.06
5.68
8.57
10.71
—
—
—
—
—
3.26
—
6.10
—
1.78
—
2.31
5.20
1.18
—
3.37
2.01
—
—
0.96
—
—
1.72
—
—
2.00
—
2.91
1.83
0.87
2.35
1.15
—
0.67
3.37
—
2.61
—
2.54
—
1.82
—
2.09
2.11
—
3.19
3.31
6.45
3.49
—
—
—
—
—
—
4.37
1.26
1.59
—
3.35
—
—
2.00
5.13
3.33
—
—
—
—
—
1.40
—
—
—
3.81
2.50
2.58
—
2.73
—
5.34
6.26
—
2.71
5.22
0.99
2.96
1.90
—
—
—
—
3.33
0.91
—
—
—
—
5.81
4.03
MKT CAP
(MIL)
34.2
79.2
46.8
321.3
9.0
107.5
78.8
637.7
61.2
116.3
721.7
100.2
191.9
36.5
55.6
387.6
21.2
29.1
521.2
147.1
311.6
51.7
28.9
26.3
659.1
40.9
1,071.1
402.7
186.0
68.5
46.7
413.4
162.7
33.9
24.3
3,878.5
14.1
802.7
112.0
346.5
471.2
85.5
28.9
579.3
37.1
38.8
77.9
6.3
128.8
184.8
1,739.9
115.8
179.8
172.4
136.9
92.9
846.4
199.7
86.9
563.4
50.0
539.6
180.6
261.2
141.6
242.2
47.5
93.1
41.7
76.8
52.8
227.9
42.4
7,368.4
167.4
549.4
173.3
328.6
245.1
42.2
207.6
26.0
28.1
1,490.0
54.4
88.4
163.2
33.3
70.6
67.4
13.9
130.6
203.4
1,119.8
80.9
86.1
31.3
1,332.5
277.0
73.5
394.4
862.5
80.3
49.2
4,226.9
23.7
1,727.9
36.5
60.7
6,925.0
150.3
223.2
133.3
37.0
32.9
62.6
229.7
39.7
112.6
142.6
125.9
34.4
21.4
82.3
39.1
76.0
35.0
47.0
216.0
185.9
59.9
178.0
56.0
275.0
655.9
123.3
3.9
104.0
102.0
190.6
73.0
75.7
52,800.0
306.4
84.9
602.8
56.0
43,730.0
1,034.1
933.2
108.0
5,144.5
65.7
51.2
104.4
104.5
109.3
162.9
65.5
85.8
35.3
518.6
59.0
170.8
2 6 Markets
BURSA MAL AYSIA MAIN MARKET
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
4.200 3.154
—
—
8.280 4.360 7.910
7.860
1.205 0.753
—
—
1.800 1.088 1.300
1.280
3.629 3.072 3.500
3.500
0.990 0.660 0.725
0.725
13.473 6.588 12.860 12.640
0.550 0.280 0.320
0.310
0.320 0.225 0.230
0.230
1.350 0.526 0.905
0.880
0.350 0.200
—
—
0.770 0.290 0.335
0.305
6.350 2.600 3.060
3.050
0.673 0.353 0.430
0.430
0.710 0.480
—
—
1.556 1.120 1.230
1.200
3.050 1.163 3.010
2.900
0.818 0.587
—
—
1.170 0.690 0.990
0.975
0.425 0.200
—
—
2.240 1.430
—
—
2.504 1.276 2.200
2.100
2.309 1.173 2.260
2.230
3.501 1.879 2.060
2.030
4.730 2.571 3.310
3.260
0.520 0.217 0.510
0.490
0.830 0.345
—
—
15.260 13.376 14.720 14.680
15.240 14.372
—
—
0.190 0.080 0.115
0.110
0.455 0.215
—
—
2.210 0.700
—
—
1.720 0.685
—
—
0.495 0.220 0.305
0.290
4.290 1.650 4.190
4.150
2.553 1.224 1.620
1.610
0.800 0.610
—
—
2.322 1.201 1.770
1.750
2.190 1.581 2.020
1.950
6.940 4.420 4.510
4.460
0.695 0.520 0.585
0.540
0.270 0.140 0.205
0.185
1.608 1.191 1.560
1.510
6.860 3.225 6.600
6.600
1.332 0.681 1.300
1.180
1.700 0.610 1.340
1.250
1.633 1.130 1.210
1.190
1.340 0.635 0.745
0.725
0.400 0.275 0.390
0.385
2.150 1.377 1.580
1.520
2.823 1.735 2.080
2.060
0.650 0.490 0.610
0.580
0.580 0.405
—
—
2.345 2.007
—
—
1.506 0.869 1.060
1.050
1.391 0.830 1.020
1.000
1.080 0.790 0.850
0.840
0.300 0.160 0.195
0.185
0.800 0.480 0.480
0.480
CONSTRUCTION
0.560 0.260 0.305
0.305
0.165 0.100 0.120
0.120
0.775 0.505 0.665
0.660
0.809 0.511 0.670
0.650
0.680 0.465 0.480
0.475
0.520 0.330 0.390
0.370
1.044 0.825 0.850
0.845
1.054 0.805 0.910
0.895
1.859 1.540
—
—
1.470 0.737 1.430
1.380
1.740 0.835 1.510
1.480
0.625 0.330 0.540
0.540
2.580 1.100 2.360
2.260
4.939 3.620 4.840
4.780
1.200 0.780 1.200
1.150
1.170 0.750 0.820
0.795
1.240 1.240
—
—
1.290 1.290
—
—
2.115 1.582 1.700
1.690
3.566 2.786 3.470
3.430
0.835 0.540 0.755
0.735
0.720 0.480 0.560
0.560
1.280 0.715 0.975
0.950
0.385 0.195 0.225
0.215
2.300 1.170 2.300
2.170
1.050 0.740 0.930
0.920
1.960 1.050 1.900
1.880
1.540 1.090
—
—
1.092 0.660 0.760
0.715
0.450 0.245 0.255
0.255
1.390 1.020 1.390
1.370
0.350 0.190 0.285
0.285
1.520 0.840 1.190
1.140
2.520 1.497 2.300
2.250
0.638 0.330 0.390
0.365
1.489 1.160 1.200
1.200
1.815 1.324 1.650
1.630
0.190 0.110 0.125
0.120
3.665 2.839 3.470
3.450
1.041 0.450 0.465
0.460
1.720 0.954 1.670
1.630
0.510 0.300 0.370
0.360
0.513 0.259 0.410
0.385
2.310 0.845 2.280
2.210
0.748 0.438
—
—
1.737 1.069 1.550
1.510
0.865 0.550 0.615
0.590
0.350 0.145 0.175
0.155
TRADING SERVICES
0.415 0.150 0.410
0.395
0.543 0.240 0.245
0.245
3.055 2.434 2.650
2.600
0.245 0.135 0.215
0.215
2.790 0.751 2.790
2.750
6.915 4.187 6.300
6.190
0.545 0.320 0.335
0.330
0.145 0.075 0.135
0.100
10.550 8.700 8.900
8.810
2.780 1.518 2.270
2.210
0.345 0.040 0.045
0.045
1.160 0.650 0.760
0.735
0.150 0.105 0.120
0.120
3.000 2.351 3.000
2.930
5.300 4.160
—
—
0.845 0.280 0.815
0.800
6.614 5.071 5.500
5.440
0.350 0.203
—
—
1.060 0.640 0.675
0.670
0.599 0.335 0.410
0.405
0.405 0.185 0.195
0.190
7.128 6.292
—
—
1.530 1.080 1.480
1.460
2.490 1.664 2.300
2.260
0.440 0.336 0.370
0.360
2.599 1.561 1.750
1.740
0.855 0.610
—
—
0.480 0.350
—
—
3.427 2.823 3.250
3.200
0.215 0.119 0.185
0.180
1.170 0.555 0.910
0.905
2.778 1.822 2.100
2.070
0.970 0.360 0.385
0.375
2.140 1.039 1.700
1.700
3.872 2.355 3.340
3.200
1.066 0.697 0.860
0.855
0.508 0.332
—
—
0.600 0.385 0.405
0.400
0.105 0.060
—
—
0.910 0.650 0.800
0.740
0.055 0.035 0.045
0.040
2.050 1.356 2.040
2.010
0.120 0.065 0.075
0.065
2.200 0.990 1.050
1.040
1.353 0.870 1.120
1.090
0.645 0.480 0.600
0.580
1.668 1.276 1.540
1.530
4.899 3.438 4.270
3.980
1.684 0.989 1.290
1.260
0.385 0.230 0.235
0.235
1.463 0.732 0.990
0.975
0.370 0.210 0.335
0.320
0.305 0.195 0.220
0.220
3.980 2.718 3.540
3.490
0.366 0.178 0.265
0.260
CODE
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
YEAR
HIGH
—
7.890
—
1.294
3.500
0.725
12.724
0.315
0.230
0.899
—
0.308
3.057
0.430
—
1.218
2.999
—
0.984
—
—
2.198
2.248
2.045
3.295
0.501
—
14.706
—
0.114
—
—
—
0.290
4.174
1.617
—
1.756
1.988
4.483
0.555
0.196
1.527
6.600
1.249
1.294
1.194
0.738
0.389
1.552
2.071
0.594
—
—
1.053
1.017
0.849
0.187
0.480
21.75
10.72
9.06
10.53
21.62
—
12.28
—
—
52.92
—
—
2.50
9.33
—
16.40
25.71
—
—
—
—
9.43
11.03
11.46
8.34
3.72
—
19.76
—
—
—
5.79
—
—
9.39
4.99
27.82
11.35
39.80
14.07
41.20
23.81
12.51
31.22
11.33
—
22.54
—
—
7.58
18.62
—
20.24
14.32
8.30
14.01
16.28
—
—
1.26
1.90
6.22
4.62
2.95
—
1.96
—
—
3.31
—
5.97
—
2.79
—
1.59
1.03
3.68
—
—
—
3.64
2.44
1.95
3.83
—
—
7.48
7.22
—
—
—
—
—
2.15
9.28
—
4.75
5.13
2.67
1.71
—
6.76
1.82
2.34
—
4.62
4.11
—
1.94
4.44
—
—
4.65
2.37
1.64
2.35
—
—
542.3
992.0
70.2
412.2
462.0
53.3
2,945.4
28.0
78.7
212.9
120.0
26.8
915.0
80.6
24.8
1,439.3
717.3
30.5
413.1
31.0
298.9
264.0
180.0
1,394.3
1,450.2
247.3
62.1
1,817.2
5.1
17.1
21.2
48.1
54.5
44.4
441.1
234.5
61.4
290.6
248.5
5,633.7
62.6
45.7
689.7
958.3
102.4
152.5
1,399.3
565.7
32.9
206.7
686.5
54.6
20.0
516.0
505.4
340.6
136.0
67.9
48.7
1.097
1.567
1.380
0.802
0.625
1.493
0.280
0.260
2.476
1.800
4.587
9.850
2.100
0.480
2.960
0.070
0.410
7.790
1.412
3.263
0.015
0.455
6.759
0.882
1.337
1.969
0.335
0.445
0.395
1.943
0.368
1.808
4.358
1.460
0.650
0.305
0.410
0.350
0.735
1.881
2.620
1.756
0.165
6.970
1.050
3.372
1.450
1.485
0.730
0.950
2.243
1.340
9.171
2.394
0.524
0.090
0.205
0.347
2.380
0.930
0.110
0.937
0.860
2.000
0.145
2.750
0.491
0.715
1.390
1.384
0.105
1.381
1.570
0.425
0.240
7.047
25.957
0.250
6.824
0.250
0.415
4.308
3.259
3.310
1.150
0.200
0.450
0.828
0.899
0.660
0.145
2.429
0.220
0.360
1.310
1.385
1.612
8.808
0.888
2.460
1.530
2.700
3.035
0.190
2.608
0.420
1.639
2.123
14.496
1.850
0.450
0.260
6.961
0.870
1.670
0.550
2.858
1.091
2.989
1.600
1.372
0.700
2.550
0.815
2.938
0.545
4.410
1.438
0.070
3.177
1.130
1.710
FINANCE
13.663
2.588
4.296
11.519
11.209
5.718
1.911
4.180
8.950
5.412
0.500
1.298
13.760
10.100
15.522
2.660
0.868
0.920
0.185
2.700
0.695
16.240
1.280
2.980
8.886
1.461
3.890
1.800
1.455
19.500
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
3.960
7.880
0.965
1.300
3.500
0.725
12.780
0.320
0.230
0.905
0.240
0.335
3.050
0.430
0.620
1.230
2.900
0.680
0.985
0.345
1.430
2.200
2.250
2.050
3.260
0.505
0.345
14.700
15.240
0.110
0.330
1.200
1.350
0.290
4.190
1.620
0.690
1.770
1.950
4.490
0.585
0.200
1.560
6.600
1.280
1.300
1.190
0.730
0.390
1.550
2.070
0.595
0.500
2.150
1.050
1.020
0.850
0.195
0.480
—
-0.010
—
UNCH
UNCH
0.015
UNCH
0.015
UNCH
0.015
—
0.035
-0.020
UNCH
—
0.010
-0.100
—
-0.010
—
—
-0.060
-0.030
UNCH
-0.050
UNCH
—
UNCH
—
-0.010
—
—
—
UNCH
UNCH
-0.010
—
UNCH
0.030
UNCH
0.025
0.020
0.050
UNCH
0.110
0.050
-0.020
-0.010
UNCH
0.040
UNCH
0.020
—
—
-0.010
UNCH
UNCH
0.005
UNCH
—
247.2
—
126.4
0.3
27.6
76.8
91.6
27.3
141.4
—
18.5
69.7
68
—
595.8
3626.2
—
1106
—
—
5.1
208
1797.5
308.6
2833.1
—
9.2
—
87.8
—
—
—
29.1
164.4
52.7
—
676.7
22
2721.8
17.8
228.9
1146.1
702.3
227.1
380.2
2157.6
538.6
35
21.3
715.5
577.8
—
—
175.1
32
19
297.2
31
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
0.305
0.120
0.665
0.650
0.475
0.390
0.850
0.910
1.740
1.430
1.480
0.540
2.340
4.820
1.160
0.800
1.240
1.290
1.700
3.470
0.750
0.560
0.970
0.215
2.250
0.925
1.900
1.540
0.715
0.255
1.380
0.285
1.180
2.270
0.375
1.200
1.640
0.125
3.470
0.465
1.670
0.360
0.405
2.270
0.490
1.510
0.595
0.170
UNCH
UNCH
0.005
UNCH
-0.005
0.015
UNCH
UNCH
—
0.050
-0.040
-0.010
0.090
-0.010
-0.020
-0.015
—
—
UNCH
0.010
0.005
0.010
0.015
UNCH
0.080
UNCH
0.010
—
-0.020
-0.005
0.010
0.005
0.040
-0.030
0.010
-0.050
0.010
0.005
-0.010
0.005
0.020
UNCH
0.020
0.030
—
-0.020
-0.010
0.010
38
167.7
736.2
54
521
626.4
10
27.5
—
2141.7
230.3
161.6
3308.3
2613
2004.9
233.6
—
—
625
4629.8
1150.8
10
418.5
60
1711
338.9
275.7
—
22.1
6.4
2737.8
10
504.9
204
10303
3
252.3
509.7
65
1302
4298.1
6619.8
239.8
83.6
—
1836.7
4.6
6460.9
0.305 57.55
0.120
—
0.660 13.54
0.650
7.57
0.476 25.68
0.381 26.17
0.848 17.00
0.895 18.16
—
7.82
1.410 11.88
1.493 43.79
0.540 21.34
2.326
5.74
4.801 18.50
1.173
—
0.803
4.01
—
—
—
—
1.699 12.82
3.456 15.57
0.747 12.91
0.560
—
0.964 11.38
0.216 716.67
2.249
6.78
0.925 34.39
1.889
9.91
—
—
0.720
6.84
0.255 15.00
1.382
9.47
0.285
—
1.170 26.58
2.262 12.51
0.377 16.52
1.200 19.29
1.641
8.20
0.120 11.79
3.461 23.29
0.465
—
1.653 17.73
0.365
9.86
0.402
1.29
2.223 17.78
— 17.31
1.534
9.52
0.606
—
0.167
—
—
—
3.01
6.15
0.63
5.13
3.53
4.40
1.72
2.45
1.35
2.31
2.14
2.49
—
—
2.02
1.16
1.41
2.02
1.33
—
—
—
1.33
—
3.05
—
2.45
—
3.62
—
—
2.20
2.67
4.17
5.49
—
5.48
1.08
2.40
—
1.60
—
1.82
1.99
—
—
14.8
35.0
321.6
197.5
385.6
93.5
293.7
161.0
161.3
765.1
1,266.1
195.9
605.2
11,649.4
453.5
279.2
9.6
23.3
990.5
12,490.2
390.0
95.7
425.2
40.4
1,140.4
927.5
571.1
210.2
85.8
17.1
923.2
66.0
651.9
1,077.8
245.2
109.5
556.6
39.6
567.4
359.9
2,159.1
115.3
194.6
151.9
85.5
1,899.4
70.9
143.6
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
0.405
0.245
2.640
0.215
2.770
6.300
0.335
0.120
8.820
2.270
0.045
0.740
0.120
2.960
5.200
0.800
5.480
0.255
0.675
0.405
0.190
7.000
1.480
2.270
0.365
1.750
0.700
0.400
3.230
0.185
0.905
2.100
0.385
1.700
3.300
0.860
0.450
0.405
0.070
0.800
0.040
2.010
0.075
1.050
1.120
0.585
1.540
4.250
1.270
0.235
0.980
0.320
0.220
3.500
0.265
0.005 59924.5
-0.005
45
0.040
193.8
UNCH
148.4
0.020 20239.8
0.100 3048.5
-0.005 1094.7
0.020
19117
UNCH
2.6
0.060
22
UNCH
503
-0.005 26785.5
UNCH
501.5
UNCH 1907.9
—
—
-0.015 4013.3
-0.020 6691.8
—
—
0.005
56.1
-0.005
475.4
-0.005
60.8
—
—
0.010
30.5
-0.030 2227.7
-0.005 7201.2
UNCH 2634.6
—
—
—
—
0.020 1464.8
UNCH
39024
-0.010
107.8
UNCH
117.8
-0.010
6.5
0.010
1
0.140
87.1
UNCH
453
—
—
-0.005
76.5
—
—
0.070
169
-0.005
2766
-0.020
104.2
UNCH 2305.3
-0.010
151.1
0.030
238.6
UNCH 2010.4
-0.010 2524.4
0.300
58.8
UNCH 1211.4
-0.010
20
UNCH
885
0.020
127.4
UNCH
211.2
UNCH 1003.6
-0.005
117
0.403
—
0.245
—
2.637 32.88
0.215 18.86
2.774
6.09
6.262
—
0.334 13.73
0.118
—
8.849 32.12
2.226 10.78
0.045
—
0.750
—
0.120
—
2.962 23.85
— 30.62
0.803 14.87
5.477 20.36
— 11.75
0.672 110.66
0.407
—
0.194
—
— 24.35
1.469
—
2.282 13.08
0.366
—
1.750 27.78
—
—
—
—
3.217 14.22
0.182 16.97
0.906
—
2.083
—
0.376
—
1.700 51.52
3.281
6.05
0.859 11.04
— 32.14
0.400
—
—
—
0.751
6.02
0.040 30.77
2.020 10.15
0.070
—
1.044
8.27
1.103 10.39
0.589 17.89
1.536 28.10
4.091 18.67
1.278 27.14
0.235
—
0.977 12.60
0.324
—
0.220
—
3.500 16.32
0.262
4.10
—
40.82
1.52
—
1.44
1.35
—
—
3.97
1.32
—
1.11
2.08
4.45
3.37
—
3.65
3.92
2.96
—
—
3.14
—
4.14
2.74
3.14
—
—
5.11
—
—
6.47
—
1.18
1.52
4.65
1.67
1.41
4.29
3.75
—
2.49
—
6.67
4.91
—
1.43
2.24
2.36
—
2.30
—
—
4.29
—
1,680.0
100.4
3,706.6
34.4
7,708.8
10,452.9
309.7
28.7
1,449.9
136.3
19.5
4,341.0
79.7
15,406.8
1,319.0
209.2
48,912.0
97.0
556.8
169.8
40.8
3,220.0
458.9
2,604.6
1,750.1
662.0
3,500.2
94.0
4,363.8
556.3
213.8
4,256.7
90.0
370.1
332.5
328.9
57.4
68.3
50.4
98.0
85.4
508.4
139.0
921.0
448.0
573.7
8,115.1
670.0
1,714.5
57.7
493.9
19.2
68.5
2,910.7
187.9
YEAR
LOW
DAY
HIGH
DAY
LOW
0.800 0.835
0.835
1.047 1.140
1.100
0.970 1.160
1.150
0.481 0.585
0.570
0.410 0.430
0.420
1.140 1.180
1.180
0.125 0.165
0.155
0.110
—
—
1.852 2.400
2.390
0.815 1.560
1.550
3.679 4.420
4.340
6.477 8.600
8.340
1.013 2.060
2.020
0.380 0.415
0.405
1.773 2.950
2.910
0.060
—
—
0.255
—
—
4.755 7.730
7.700
0.880 0.920
0.910
2.665 2.990
2.950
0.005 0.010
0.005
0.250 0.350
0.345
5.295 6.650
6.620
0.683 0.745
0.745
0.891
—
—
1.442 1.690
1.620
0.205 0.245
0.230
0.315 0.345
0.345
0.290 0.305
0.300
1.638 1.890
1.880
0.226 0.270
0.270
1.250
—
—
3.885 4.330
4.300
0.940 1.080
1.050
0.350 0.530
0.515
0.135 0.150
0.140
0.232 0.390
0.385
0.190 0.285
0.285
0.500 0.600
0.555
0.973 1.530
1.490
2.190 2.400
2.370
1.151 1.620
1.610
0.127 0.155
0.150
5.312 6.050
5.950
0.510 0.840
0.820
1.914 2.040
2.030
0.710
—
—
0.962 1.430
1.390
0.468 0.730
0.725
0.575
—
—
1.608 1.860
1.820
0.875 1.120
1.100
6.880 7.490
7.380
1.462 2.090
2.050
0.320 0.335
0.330
0.060 0.075
0.070
0.155 0.165
0.160
0.220 0.235
0.225
1.241 1.820
1.760
0.560
—
—
0.065 0.080
0.075
0.651
—
—
0.583 0.845
0.835
1.207 2.000
1.940
0.085 0.115
0.100
1.646 1.990
1.960
0.378
—
—
0.445 0.585
0.575
0.795 0.835
0.820
0.879 1.090
1.080
0.055 0.060
0.055
0.816 1.250
1.190
1.400
—
—
0.225 0.230
0.225
0.135 0.150
0.150
5.067 6.580
6.540
18.503 23.500 23.400
0.030
—
—
5.139 5.610
5.600
0.140
—
—
0.205 0.220
0.220
2.040 2.830
2.750
1.559 1.820
1.790
2.150 2.190
2.160
0.790 0.950
0.925
0.100 0.165
0.160
0.340 0.355
0.355
0.528 0.600
0.590
0.580 0.820
0.805
0.400
—
—
0.090 0.110
0.110
1.529 2.280
2.250
0.135 0.160
0.155
0.190 0.200
0.200
0.968
—
—
1.160 1.190
1.170
1.293 1.350
1.330
6.485 7.650
7.570
0.700
—
—
1.290 1.460
1.430
1.280 1.300
1.280
2.206 2.640
2.620
2.350 2.500
2.350
0.095 0.100
0.095
1.820 2.000
1.990
0.300 0.330
0.330
1.175 1.430
1.410
1.471 1.600
1.540
10.030 14.320 14.200
1.229
—
—
0.275 0.300
0.280
0.060 0.070
0.065
5.792 6.770
6.750
0.460 0.870
0.855
0.882 1.670
1.600
0.330 0.410
0.410
2.540 2.600
2.600
0.854 0.900
0.900
2.218 2.560
2.560
0.860 0.920
0.910
1.092 1.180
1.150
0.455
—
—
1.560 1.850
1.770
0.375 0.655
0.655
2.086
—
—
0.410
—
—
3.566 4.320
4.220
0.916 1.000
0.990
0.025 0.030
0.030
2.310 2.950
2.890
0.435 1.130
1.030
1.349 1.680
1.630
10.535
2.028
3.018
9.702
9.572
4.126
1.339
3.170
7.329
3.841
0.310
1.192
11.509
7.327
11.940
1.778
0.572
0.832
0.105
1.780
0.460
13.847
0.624
2.564
7.901
0.700
2.420
1.290
1.209
16.745
0.690
13.360
2.130
4.130
9.930
—
4.450
1.580
4.090
8.890
4.330
0.390
1.210
13.300
—
15.200
2.660
0.650
0.920
0.130
2.690
0.495
16.180
1.180
2.770
8.110
0.775
2.430
1.390
1.310
19.440
0.725
13.280
2.120
4.030
9.890
—
4.330
1.580
3.970
8.810
4.200
0.370
1.200
13.220
—
14.900
2.640
0.640
0.915
0.120
2.680
0.490
16.120
1.140
2.760
8.020
0.765
2.420
1.350
1.300
19.360
0.720
CODE
5081
5208
5056
6939
9318
7210
0128
9377
5209
0078
4715
3182
3204
7676
7668
7110
7253
3034
2062
5008
7013
5255
5225
5614
5673
0058
8923
8672
5079
6491
0151
5035
5878
5843
9121
4847
6874
7170
8486
5143
3859
5264
3514
6012
5077
5983
7189
4502
5090
7234
3069
5186
3816
2194
0059
0043
3891
3905
0138
9806
4464
5533
0172
5201
3018
5260
8419
5125
5657
5041
6254
5133
7108
0047
7080
5219
5681
7027
7081
7201
7163
4634
5204
8346
5272
0037
8885
8567
5147
7185
9113
0099
7158
7045
7053
9792
5250
4197
9431
5218
5242
6084
9865
1201
6521
5173
8524
5140
5347
8702
7228
7206
4863
0101
8397
7218
5711
5167
7137
5243
7091
5754
7250
7240
5016
7692
5246
5267
7122
7293
7066
4677
5139
5185
2488
1163
1163PA
1015
5088
5258
1818
1023
2143
5228
5819
5274
1082
6688
3379
3379PA
3441
5096
6483
8621
1198
1058
1155
1171
6459
5237
6009
1295
9296
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
EIG
EITA
ENGTEX
FIAMMA
FITTERS
FREIGHT
FRONTKN
FSBM
GASMSIA
GDEX
GENM
GENTING
GKENT
GUNUNG
HAIO
HAISAN
HANDAL
HAPSENG
HARBOUR
HARISON
HUBLINE
ICON
IHH
ILB
IPMUDA
JCBNEXT
JIANKUN
KAMDAR
KBES
KFIMA
KGB
KNUSFOR
KPJ
KPS
KPSCB
KTB
KUB
LFECORP
LIONFIB
LUXCHEM
MAGNUM
MALAKOF
MARCO
MAXIS
MAYBULK
MBMR
MBWORLD
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
0.835
1.110
1.160
0.575
0.430
1.180
0.165
0.210
2.400
1.560
4.420
8.540
2.060
0.415
2.950
0.065
0.260
7.700
0.910
2.950
0.010
0.350
6.640
0.745
0.930
1.690
0.245
0.345
0.300
1.890
0.270
1.300
4.310
1.070
0.530
0.145
0.390
0.285
0.600
1.520
2.400
1.610
0.155
5.990
0.820
2.030
1.130
1.420
0.730
0.620
1.820
1.120
7.450
2.090
0.330
0.075
0.165
0.230
1.760
0.750
0.080
0.740
0.835
1.990
0.105
1.970
0.430
0.585
0.830
1.080
0.060
1.250
1.540
0.225
0.150
6.540
23.500
0.055
5.600
0.145
0.220
2.820
1.790
2.190
0.950
0.160
0.355
0.595
0.820
0.420
0.110
2.270
0.155
0.200
1.120
1.180
1.350
7.580
0.720
1.440
1.300
2.630
2.500
0.100
2.000
0.330
1.430
1.550
14.300
1.600
0.300
0.070
6.760
0.870
1.670
0.410
2.600
0.900
2.560
0.910
1.180
0.500
1.850
0.655
2.100
0.410
4.290
1.000
0.030
2.910
1.130
1.680
0.035
20
-0.030
100
-0.010
963.2
-0.005
135.9
0.005
758.8
-0.010
4.1
0.015 9561.4
—
—
UNCH
451.9
UNCH
293.2
0.060 3689.9
0.140 6532.4
0.050
903.8
UNCH
16.1
UNCH
145.4
—
—
—
—
-0.070 4581.5
-0.015
81
0.010
5.5
UNCH
2960
0.005
654.3
-0.010 5177.4
0.005
10
—
—
0.080
48.8
0.005
950.7
-0.005
2.5
UNCH
15
0.010
1.3
-0.005
40
—
—
-0.020
945.3
0.020
615.5
UNCH
159.5
-0.005
236.2
0.005 1350.7
0.010
55
0.030
33.1
0.030
87.7
0.020
438.3
UNCH
908.6
0.005
1235
-0.010 1833.2
-0.010
782.4
UNCH
651.1
—
—
0.030
230.9
0.010
236.6
—
—
-0.030
83.2
-0.010
77.5
-0.020 1882.9
0.040
180.7
-0.005
378.5
0.005
1287
UNCH
20
UNCH 3427.9
-0.060 13098.1
—
—
0.005
585.2
—
—
UNCH
1109
0.050 1264.3
UNCH
8422
-0.030
160
—
—
0.010
254.3
UNCH 1876.5
0.010
21.4
UNCH
280
0.020
25.1
—
—
-0.005
748.3
UNCH
10
-0.040
62
UNCH
268.5
—
—
-0.020
38.8
—
—
UNCH
30
-0.010 1224.5
-0.030
803.9
0.010
13.1
0.010
178.8
UNCH 1260.3
-0.005
63.8
0.005 1556.4
0.020
5.2
—
—
UNCH
13
-0.010
327.8
UNCH
295
-0.005
79
—
—
-0.020
255.9
0.010 8406.6
-0.060 4777.3
—
—
-0.020 4847.5
UNCH
65
-0.010
266.4
0.100
4.2
UNCH
999.2
UNCH
45
-0.005
14.9
0.010
464.8
UNCH
38.5
-0.020
7112
—
—
0.010
128.1
0.005
2554
UNCH 6918.2
0.010
443.2
0.080 3317.1
-0.030
1.4
UNCH
1.1
UNCH
5
UNCH
1
-0.015
195.4
UNCH
45
—
—
0.070 1340.7
-0.045
1.3
—
—
—
—
0.020
1930
UNCH
22.6
UNCH
50
-0.010 1724.9
0.090 6860.3
0.020 8290.6
0.835
1.108
1.155
0.577
0.428
1.180
0.160
—
2.400
1.559
4.393
8.532
2.052
0.413
2.939
—
—
7.701
0.912
2.972
0.010
0.345
6.640
0.745
—
1.625
0.236
0.345
0.302
1.882
0.270
—
4.304
1.065
0.519
0.145
0.388
0.285
0.565
1.500
2.388
1.616
0.154
5.996
0.826
2.030
—
1.402
0.730
—
1.829
1.103
7.463
2.067
0.334
0.074
0.162
0.230
1.778
—
0.076
—
0.837
1.970
0.106
1.980
—
0.582
0.830
1.085
0.060
1.190
—
0.229
0.150
6.563
23.495
—
5.600
—
0.220
2.808
1.800
2.166
0.942
0.161
0.355
0.597
0.811
—
0.110
2.271
0.155
0.200
—
1.180
1.348
7.631
—
1.444
1.297
2.630
2.429
0.098
1.996
0.330
1.421
1.544
14.272
—
0.290
0.066
6.760
0.864
1.653
0.410
2.600
0.900
2.560
0.916
1.164
—
1.832
0.655
—
—
4.294
0.992
0.030
2.906
1.076
1.659
9.59
8.88
8.33
5.28
22.87
9.81
—
—
28.30
62.90
23.66
35.32
11.23
—
15.81
—
7.28
17.69
6.58
13.53
—
—
54.70
—
—
8.95
—
—
—
10.08
—
—
32.83
3.94
4.39
362.50
58.21
29.08
—
8.87
16.63
3.29
8.86
24.32
—
11.79
—
11.50
3.21
17.08
5.61
—
13.03
25.12
5.95
10.27
—
3.94
36.59
—
42.11
14.37
14.83
17.11
5.25
24.84
15.25
9.38
—
8.53
—
10.58
—
—
—
15.55
29.06
1.20
20.54
—
—
24.02
53.27
3.49
20.88
9.14
—
—
26.97
110.53
—
19.47
10.69
—
5.07
43.38
29.61
20.97
25.99
—
27.90
15.95
31.25
17.24
4.40
275.00
20.52
10.12
16.45
70.48
—
—
28.38
85.29
8.74
78.85
28.29
17.24
6.18
—
15.55
—
29.37
—
—
16.94
26.32
11.47
—
12.91
235.42
19.11
4.19
3.60
0.65
4.35
1.40
4.24
—
—
3.45
0.64
1.61
0.41
2.43
1.45
5.08
—
—
3.25
2.75
5.08
—
—
0.45
3.36
3.23
2.07
—
—
—
4.50
1.85
1.54
1.64
3.74
—
—
1.28
—
—
4.28
6.25
4.35
4.52
3.34
1.22
3.45
—
7.04
6.18
—
4.19
—
4.03
1.82
1.82
—
—
—
0.68
—
—
1.35
0.72
3.02
—
—
4.65
3.59
—
3.47
—
1.60
1.30
—
—
1.07
2.55
—
4.82
4.21
—
4.65
2.09
—
—
3.13
—
3.36
3.66
—
—
3.52
—
—
4.02
11.02
1.70
3.30
1.39
0.94
2.00
6.84
2.40
—
3.50
—
5.59
2.90
2.03
9.38
—
—
3.17
0.16
2.40
—
1.44
5.56
2.34
1.10
2.97
—
2.04
—
3.33
—
2.59
1.50
—
0.69
—
5.65
194.1
144.3
352.7
304.7
206.6
209.6
173.8
26.8
3,081.6
2,157.9
26,246.2
32,025.2
618.8
98.0
596.5
5.2
41.6
18,866.7
364.4
202.0
118.0
412.0
54,656.9
132.6
67.4
236.6
37.2
68.3
37.8
524.3
60.0
129.5
4,565.8
533.9
78.3
58.4
217.0
51.7
138.9
416.8
3,450.6
8,050.0
163.4
44,986.5
820.0
793.1
103.8
1,575.1
1,231.7
26.0
731.5
1,792.0
33,255.3
6,364.2
53.7
56.9
483.9
787.2
4,231.4
45.1
69.1
76.1
661.5
921.8
107.5
461.0
120.4
360.6
907.9
357.8
52.2
402.2
1,198.8
275.1
29.4
1,220.3
23,346.2
2.8
1,451.3
95.4
11.0
1,514.4
866.4
219.0
843.9
211.1
304.8
403.2
111.5
78.1
24.9
806.9
297.2
468.4
58.5
882.8
1,665.1
47,959.2
29.2
8,628.7
215.4
1,942.4
152.5
386.6
576.4
396.0
1,729.6
310.0
80,703.6
198.6
114.5
78.5
25,403.6
1,507.6
702.6
16.8
178.1
97.2
104.2
1,967.4
151.7
55.4
538.2
86.5
141.1
18.3
14,628.9
180.0
18.3
3,180.0
181.2
18,133.9
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
13.300
2.120
4.130
9.920
9.900
4.330
1.580
4.090
8.880
4.210
0.390
1.200
13.260
10.100
15.100
2.650
0.645
0.920
0.130
2.680
0.490
16.120
1.160
2.760
8.020
0.775
2.420
1.390
1.310
19.440
0.725
UNCH
59.3
-0.010
30
UNCH 1162.9
UNCH
188.5
—
—
-0.110 3464.8
-0.020
8
UNCH
142.7
0.070
603.6
-0.110 21212.8
UNCH
3
-0.020
10
0.020
780.9
—
—
0.100
296.5
0.010
158
UNCH
114.2
UNCH
34.7
0.010
149
UNCH
29
UNCH
32
-0.020
30
-0.020 1400.9
-0.130
2
-0.100 14249.8
0.005 3340.1
UNCH
73.3
0.020
30.7
UNCH
181
0.040 6951.8
-0.005
39
13.286
2.124
4.090
9.908
—
4.401
1.580
4.000
8.866
4.240
0.380
1.206
13.264
—
15.122
2.647
0.645
0.920
0.122
2.681
0.492
16.139
1.159
2.765
8.057
0.770
2.426
1.376
1.303
19.395
0.725
8.92
9.06
12.07
5.42
—
9.99
19.15
11.60
23.57
11.60
9.05
9.30
12.36
30.31
11.68
18.49
5.82
—
—
72.43
27.37
11.73
14.43
17.84
11.72
12.66
—
17.73
11.06
14.67
5.88
4.47
3.77
3.51
0.66
0.79
4.69
3.16
2.98
3.89
3.33
—
5.63
3.03
0.84
2.52
3.77
1.55
8.70
—
3.73
2.04
4.65
5.17
3.26
6.73
3.74
—
—
7.94
2.88
8.28
1,915.2
4,119.1
6,393.7
1,712.1
878.8
13,051.4
337.4
6,497.7
4,762.1
36,748.5
111.8
272.9
28,743.9
2,493.7
17,327.5
676.2
447.2
122.0
81.0
321.6
358.6
5,351.6
339.5
558.5
80,270.3
4,494.0
515.6
993.9
322.2
75,468.8
247.2
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
7.211 4.560
0.700 0.490
4.440 3.654
1.624 1.063
PROPERTIES
0.990 0.693
1.200 0.760
0.495 0.354
0.250 0.155
0.680 0.420
0.680 0.450
0.909 0.735
1.180 0.900
2.275 1.440
2.219 1.280
2.487 1.939
1.080 0.430
1.832 1.380
0.335 0.210
1.670 1.170
1.080 0.590
2.740 1.750
0.920 0.655
0.563 0.428
0.898 0.693
0.498 0.332
0.665 0.400
1.459 1.005
0.600 0.430
1.888 1.547
0.668 0.455
1.313 0.950
2.738 2.213
2.520 1.735
0.500 0.315
1.140 0.745
0.305 0.180
0.070 0.040
1.114 0.824
1.730 1.080
0.460 0.324
1.548 1.209
1.660 1.179
0.355 0.220
1.116 0.805
1.600 1.240
0.828 0.607
2.580 1.958
1.380 1.032
0.615 0.495
0.980 0.555
0.392 0.263
2.810 1.842
0.457 0.286
0.255 0.140
1.482 0.775
1.400 0.755
0.390 0.265
2.740 1.760
3.100 2.510
1.975 1.473
1.904 1.290
0.500 0.280
1.477 1.253
2.200 1.630
0.285 0.195
1.682 0.695
0.910 0.625
1.080 0.855
0.635 0.400
3.199 2.677
0.190 0.130
1.025 0.726
5.482 4.111
3.188 2.626
1.150 0.810
3.240 2.836
0.845 0.670
0.315 0.225
8.648 6.000
0.075 0.045
1.605 1.133
0.180 0.065
0.747 0.195
0.095 0.045
1.800 1.350
1.149 0.774
1.344 0.740
2.490 1.569
1.400 1.030
1.530 0.920
2.060 1.474
0.750 0.590
MINING
1.360 1.140
PLANTATIONS
0.367 0.182
18.360 16.560
9.478 7.782
1.536 1.032
0.813 0.620
8.827 7.420
0.550 0.380
8.026 6.777
1.989 1.151
11.516 8.462
0.738 0.514
1.490 0.973
1.020 0.790
2.490 1.881
3.746 2.947
0.735 0.593
0.785 0.545
5.040 3.622
24.609 19.224
3.569 2.891
3.600 2.146
0.645 0.345
4.080 2.410
1.750 1.200
1.780 1.500
0.979 0.775
2.838 1.922
4.652 3.720
0.350 0.200
1.220 0.800
0.675 0.465
4.080 3.442
3.300 2.653
0.825 0.450
4.967 3.565
2.062 1.654
0.810 0.510
1.590 1.060
1.730 1.150
2.236 1.712
6.210 5.280
27.900 23.977
HOTELS
0.695 0.497
1.280 0.745
0.345 0.205
6.135 4.800
TECHNOLOGY
0.900 0.600
0.345 0.185
0.190 0.090
0.430 0.240
0.255 0.130
0.235 0.150
0.267 0.166
1.747 1.138
1.949 0.514
2.056 1.149
1.220 0.710
0.305 0.185
0.304 0.225
6.696 2.996
0.700 0.510
3.912 2.174
0.170 0.100
0.851 0.542
5.950 3.382
0.250 0.060
10.480 5.449
5.170
0.510
4.090
1.550
5.130
0.495
3.980
1.490
1066
4898
6139
5230
0.840
1.010
0.410
0.180
0.430
0.460
0.785
1.090
1.490
1.480
2.210
0.705
1.770
0.260
1.330
0.625
2.030
—
0.510
0.770
0.395
0.425
1.270
—
1.830
0.520
—
2.500
2.520
0.465
1.010
0.195
0.055
—
1.210
0.400
1.390
1.660
0.245
0.935
1.590
0.675
2.510
—
0.515
0.895
0.325
2.520
0.325
0.160
1.190
0.755
0.290
1.890
—
1.600
1.430
0.405
1.390
1.700
0.245
1.040
0.700
—
0.440
3.020
0.150
0.830
4.650
3.010
0.860
3.030
0.700
0.245
6.260
0.050
1.520
0.070
0.200
0.050
1.510
1.060
1.120
2.380
1.190
0.960
1.930
0.605
0.835
1.010
0.410
0.180
0.430
0.460
0.780
1.050
1.490
1.400
2.200
0.650
1.710
0.255
1.290
0.610
1.950
—
0.505
0.770
0.390
0.415
1.240
—
1.790
0.510
—
2.470
2.440
0.445
0.980
0.190
0.055
—
1.150
0.390
1.380
1.630
0.235
0.930
1.540
0.655
2.480
—
0.510
0.885
0.310
2.500
0.315
0.150
1.140
0.755
0.285
1.840
—
1.580
1.360
0.400
1.390
1.680
0.245
1.000
0.700
—
0.440
2.960
0.140
0.805
4.620
2.920
0.835
2.960
0.690
0.240
6.260
0.045
1.510
0.070
0.200
0.045
1.460
1.020
1.070
2.260
1.150
0.940
1.900
0.605
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
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
RHBBANK
TA
TAKAFUL
TUNEPRO
5.150
0.505
4.080
1.530
-0.010
UNCH
-0.120
0.030
2713.1
495.2
18.4
4489.2
5.147
0.501
4.037
1.522
8.86
—
21.27
15.32
2.33
1.09
3.52
3.27
20,651.7
864.5
3,346.3
1,150.2
AMPROP
A&M
AMPROP-PA
ASIAPAC
BCB
BERTAM
BJASSET
CHHB
CRESNDO
CVIEW
DAIMAN
DBHD
E&O
ECOFIRS
ECOWLD
ENCORP
ENRA
EUPE
FARLIM
GLOMAC
GMUTUAL
GOB
GUOCO
HOOVER
HUAYANG
IBHD
IBRACO
IGB
IOIPG
IVORY
IWCITY
JKGLAND
KBUNAI
KEN
KSL
L&G
LBICAP
LBS
LIENHOE
MAGNA
MAHSING
MALTON
MATRIX
MCT
MEDAINC
MENANG
MJPERAK
MKH
MKLAND
MPCORP
MRCB
MUH
MUIPROP
NAIM
OIB
OSK
PARAMON
PASDEC
PJDEV
PLENITU
PTGTIN
SAPRES
SBCCORP
SDRED
SEAL
SHL
SMI
SNTORIA
SPB
SPSETIA
SUNSURIA
SUNWAY
SYMLIFE
TAGB
TAHPS
TALAMT
TAMBUN
TANCO
THRIVEN
TIGER
TITIJYA
TROP
UEMS
UOADEV
WINGTM
Y&G
YNHPROP
YTLLAND
0.835
1.010
0.410
0.180
0.430
0.460
0.785
1.090
1.490
1.450
2.210
0.690
1.760
0.255
1.300
0.625
2.030
0.770
0.510
0.770
0.390
0.420
1.270
0.440
1.800
0.510
0.980
2.480
2.500
0.445
0.980
0.195
0.055
0.950
1.150
0.390
1.380
1.640
0.245
0.930
1.550
0.665
2.480
1.200
0.515
0.895
0.320
2.500
0.320
0.160
1.160
0.755
0.285
1.870
3.090
1.600
1.360
0.405
1.390
1.700
0.245
1.010
0.700
0.900
0.440
2.960
0.145
0.830
4.640
2.980
0.835
3.000
0.690
0.240
6.260
0.050
1.510
0.070
0.200
0.050
1.460
1.040
1.090
2.330
1.150
0.940
1.930
0.605
-0.010
72.1
-0.030
6.1
-0.005
1.5
UNCH
533
UNCH
80
UNCH
2.3
0.005
25
0.060
19
-0.010
1
0.110
4.9
0.010
6.5
0.035
143.6
0.010 1424.7
-0.005
752.8
-0.030 3252.7
0.010
33.3
-0.020
4.1
—
—
UNCH
12
-0.020
5
-0.010
23
-0.005
1164
0.010
10.1
—
—
-0.020
265.2
-0.005
476.1
—
—
0.030
151.2
0.020 6961.1
UNCH 1673.9
-0.010 4078.9
UNCH 1421.8
UNCH 1046.9
—
—
-0.010 2606.7
-0.010 2078.3
-0.010
57.1
-0.010
336.8
UNCH
41.7
-0.010
50
UNCH
1801
-0.005
123.1
-0.070
190.1
—
—
-0.005
60
0.010
92
0.015
157
0.020
179.6
UNCH 2184.8
-0.010
150
-0.010 6399.3
-0.035
10
UNCH
87
0.010
139.6
—
—
UNCH
94.3
-0.050
417.1
0.005
30
-0.010
4.9
0.020
54.8
UNCH
261
-0.030
72.3
-0.010
10
—
—
-0.010
7
-0.050
7
-0.005
112.7
-0.005
11
0.020
24.3
0.060 1419.5
UNCH
31
0.030 2964.3
UNCH
188
-0.005
720.4
0.010
2
UNCH
583.4
0.010
947.7
UNCH
6
UNCH
220
0.005
3126
-0.010
191
UNCH 1798.5
UNCH 22322.2
-0.160 5576.8
UNCH
24.5
-0.020
10.4
UNCH
103.3
0.005
0.4
0.835
6.21
1.010 16.64
0.410
—
0.180
2.42
0.430
5.81
0.460 14.24
0.782 50.97
1.077
—
1.490 25.65
1.416
9.25
2.202 17.55
0.689
—
1.744 59.86
0.255
9.17
1.305 36.31
0.610
—
1.952 26.43
— 29.50
0.509
4.06
0.770
6.89
0.391
8.53
0.420
4.60
1.243
4.28
—
—
1.805
4.32
0.514 11.23
— 11.12
2.481 16.15
2.492
8.86
0.454 17.38
0.996 376.92
0.190
7.77
0.055
—
—
7.32
1.179
4.93
0.395
4.46
1.385
8.37
1.645 10.91
0.240
—
0.934
2.07
1.562 10.79
0.664
8.63
2.494
9.56
— 12.22
0.514
—
0.890 17.65
0.317
7.27
2.503
6.44
0.320 13.01
0.153
—
1.166 20.64
0.755
9.83
0.285 356.25
1.857 25.13
— 14.28
1.590
3.35
1.397 10.60
0.403
—
1.390 11.16
1.687
4.25
0.245
8.63
1.016 51.79
0.700 12.01
—
8.90
0.440
—
2.986
8.48
0.145
—
0.812 13.03
4.639
3.22
2.984
9.79
0.841 15.32
3.000
7.69
0.695 15.68
0.241
—
6.260 22.75
0.047 166.67
1.516
6.74
0.070
—
0.200 15.50
0.046
—
1.502
7.20
1.039
7.96
1.102 23.85
2.343
8.04
1.151 11.13
0.956 10.35
1.921 49.74
0.605 25.10
3.59
1.49
4.88
1.67
—
—
1.27
—
3.36
13.79
2.26
—
—
—
—
—
—
—
3.92
5.52
5.13
—
1.57
—
7.22
2.96
3.57
4.03
2.40
—
—
1.54
—
3.16
6.09
5.13
3.62
2.13
—
8.60
4.19
4.51
6.11
1.67
—
—
6.69
2.80
9.38
—
2.16
—
—
1.87
2.43
3.13
6.07
—
5.40
2.65
—
2.97
2.29
3.33
—
6.76
—
2.41
2.59
7.27
—
3.67
7.25
1.38
1.60
—
5.96
—
—
—
3.08
6.73
1.47
6.44
2.61
9.31
—
—
503.0
368.7
120.6
178.7
177.4
95.1
873.7
300.5
417.9
145.0
468.9
213.5
2,217.2
195.4
3,073.5
174.2
276.5
98.6
71.6
560.4
146.5
191.0
889.6
17.6
475.2
505.9
486.5
3,384.7
11,059.1
198.3
722.0
147.9
317.7
182.1
1,167.4
427.9
104.3
950.8
88.6
309.6
3,734.6
298.2
1,401.9
1,601.7
253.7
239.1
82.3
1,048.6
386.3
46.0
2,188.4
42.6
217.8
467.5
447.7
2,244.6
575.2
83.4
735.1
648.6
84.8
141.0
164.4
383.5
97.4
716.7
30.4
401.8
1,594.4
7,860.2
667.0
6,108.0
213.9
1,277.2
468.6
211.0
642.4
23.4
75.3
69.5
525.6
1,505.4
4,945.8
3,543.4
560.0
187.4
852.0
510.8
—
—
2186
KUCHAI
1.190
—
—
0.285
18.080
—
1.490
0.630
—
0.450
7.780
1.530
10.560
0.540
—
—
2.430
3.300
0.700
—
4.380
23.160
3.120
3.240
0.590
—
—
—
0.780
—
—
0.215
0.990
0.495
—
3.050
—
3.760
1.950
0.695
1.090
1.680
1.840
5.850
26.540
0.260
18.080
—
1.480
0.630
—
0.435
7.780
1.510
10.380
0.525
—
—
2.400
3.290
0.700
—
4.320
22.980
3.100
3.230
0.565
—
—
—
0.775
—
—
0.215
0.990
0.480
—
2.970
—
3.600
1.860
0.685
1.080
1.680
1.820
5.810
26.540
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
0.275
18.080
8.680
1.490
0.630
7.500
0.445
7.780
1.530
10.400
0.540
1.490
0.790
2.420
3.300
0.700
0.610
4.320
23.120
3.120
3.230
0.575
4.060
1.200
1.600
0.780
2.290
3.910
0.215
0.990
0.490
3.610
3.040
0.570
3.620
1.900
0.695
1.090
1.680
1.830
5.810
26.540
-0.010
0.080
—
0.010
UNCH
—
UNCH
UNCH
0.010
-0.020
0.010
—
—
0.020
UNCH
UNCH
—
-0.070
0.040
0.020
-0.010
-0.005
—
—
—
UNCH
—
—
0.015
0.010
UNCH
—
0.090
—
-0.170
0.050
UNCH
UNCH
-0.010
0.010
-0.020
-0.260
132
1
—
110.6
1.5
—
215.2
21
1950.3
826.6
147.3
—
—
21.2
90.7
120
—
5048.2
926.3
17.5
35.7
4203
—
—
—
11.3
—
—
16
4
636
—
58.8
—
232.7
1.2
200.1
606.3
97.7
31.1
13.2
0.2
—
0.785
0.265
5.290
—
0.775
0.260
5.240
5592
1643
1287
5517
GCE
LANDMRK
PMHLDG
SHANG
0.540
0.785
0.260
5.270
—
0.015
-0.005
UNCH
—
76.5
310
130
—
0.780
0.261
5.248
0.700
0.220
0.100
0.280
0.145
0.165
0.225
1.580
1.700
1.590
0.940
0.240
—
3.290
0.510
2.980
0.140
0.595
5.620
0.140
7.450
0.660
0.190
0.095
0.275
0.145
0.165
0.210
1.580
1.650
1.570
0.920
0.235
—
3.240
0.510
2.930
0.130
0.585
5.550
0.135
7.380
7031
5195
0051
7204
8338
0029
4456
5162
0065
0090
0021
0082
0056
7022
5028
0166
9393
5161
9334
0143
3867
AMTEL
CENSOF
CUSCAPI
D&O
DATAPRP
DIGISTA
DNEX
ECS
EFORCE
ELSOFT
GHLSYS
GPACKET
GRANFLO
GTRONIC
HTPADU
INARI
ITRONIC
JCY
KESM
KEYASIC
MPI
0.660
0.220
0.100
0.280
0.145
0.165
0.210
1.580
1.650
1.580
0.925
0.235
0.240
3.290
0.510
2.960
0.130
0.585
5.580
0.140
7.440
-0.120
0.030
UNCH
UNCH
UNCH
UNCH
-0.015
-0.020
-0.040
0.010
-0.015
-0.005
—
-0.010
-0.005
-0.010
0.005
UNCH
-0.020
0.005
0.050
1.3
3916.2
332.1
211
20
465
7770
1
42.3
37.7
341.2
3593.4
—
250.3
3
276.4
61.8
685.3
109.1
1560.3
249.3
0.697
0.205
0.095
0.278
0.145
0.165
0.218
1.580
1.663
1.581
0.928
0.235
—
3.254
0.510
2.949
0.135
0.587
5.590
0.135
7.435
—
0.71
147.3
0.265
—
18.080 10.08
— 232.71
1.481 20.93
0.630 31.82
— 26.01
0.443 90.82
7.780 15.59
1.520
—
10.421 49.24
0.538
1.85
— 204.11
—
—
2.402 21.14
3.298 120.00
0.700
—
— 14.19
4.341 29.73
23.117 17.62
3.102 39.15
3.235 14.07
0.580
—
— 96.90
—
—
—
—
0.780 67.83
—
6.71
— 52.20
0.215
—
0.990
—
0.483
—
— 41.12
3.018 35.39
—
—
3.686 14.76
1.888 40.43
0.691 13.76
1.086 19.96
1.680 14.19
1.827
—
5.826 20.38
26.540 18.12
—
1.31
2.77
0.23
9.40
2.38
2.13
—
3.21
2.61
0.53
1.85
2.68
10.13
3.31
1.52
1.67
—
1.85
1.95
0.32
4.02
—
2.34
—
—
1.92
0.44
1.53
—
—
—
1.66
0.66
—
1.38
3.95
1.73
1.83
8.93
1.09
2.75
1.51
181.5
7,882.0
811.6
2,384.0
200.6
685.2
376.5
1,100.0
5,581.7
8,232.1
120.4
267.2
146.5
1,936.0
2,905.9
294.5
291.6
27,915.0
24,680.7
197.1
1,007.1
1,131.4
5,715.8
374.0
120.0
153.3
274.8
274.5
32.2
323.4
695.1
234.1
201.7
65.6
1,599.3
532.0
1,029.8
963.4
668.9
2,462.1
1,215.6
5,523.9
—
—
—
18.86
3.70
—
—
2.66
106.4
377.4
241.5
2,318.8
68.04
—
—
24.14
—
—
10.55
10.16
47.97
12.50
52.86
—
14.29
16.00
55.43
18.52
—
8.35
7.25
—
9.23
—
—
—
—
—
—
4.57
3.80
1.82
5.06
—
—
2.08
3.34
3.92
2.39
—
11.54
0.54
—
3.09
32.5
110.4
43.6
276.7
61.1
84.0
260.5
284.4
341.2
286.2
602.6
162.3
115.9
927.4
51.6
2,831.4
13.4
1,214.5
240.0
116.8
1,561.5
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
1.200 0.890
—
—
0.495 0.365 0.395
0.390
0.701 0.410 0.540
0.525
0.360 0.210 0.280
0.280
0.915 0.560 0.900
0.875
0.475 0.235
—
—
0.110 0.035 0.085
0.080
2.600 1.498 2.520
2.480
3.797 2.654 3.700
3.680
0.893 0.615
—
—
INFRASTRUCTURE PROJECT COMPANIES
5.648 4.252 4.900
4.850
5.900 3.957 5.840
5.800
1.950 0.985 1.010
1.000
0.575 0.335 0.360
0.355
7.924 5.408 7.450
7.220
1.600 1.380 1.450
1.410
CLOSED-END FUNDS
2.380 2.100 2.280
2.270
EXCHANGE TRADED FUNDS
1.106 1.035 1.106
1.106
1.770 1.550
—
—
1.425 1.015
—
—
1.785 1.580
—
—
1.010 0.900 0.932
0.928
1.015 0.850 0.910
0.906
1.175 0.990
—
—
1.075 0.940 1.010
1.010
REITS
1.050 0.875 1.030
1.020
1.600 1.243 1.560
1.550
1.112 0.881 1.060
1.040
0.813 0.672 0.780
0.765
0.930 0.730 0.925
0.920
1.089 0.956 1.070
1.070
1.850 1.463 1.850
1.760
1.610 1.206 1.590
1.580
1.530 1.321 1.530
1.530
1.740 1.199 1.720
1.650
7.880 6.718 7.730
7.600
1.220 0.954 1.220
1.200
1.900 1.346 1.860
1.830
1.770 1.376 1.750
1.700
1.230 1.045 1.230
1.220
1.700 1.397 1.690
1.680
1.110 0.936 1.110
1.100
SPAC
0.705 0.655 0.685
0.680
0.695 0.595 0.680
0.675
0.475 0.420 0.465
0.460
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
0.395
0.525
0.280
0.895
0.320
0.085
2.480
3.700
0.640
—
—
UNCH
52.3
0.005
364.9
0.020
11.2
0.020 5911.2
—
—
UNCH 11827.5
-0.030 1546.9
UNCH
21.7
—
—
—
0.393
0.535
0.280
0.891
—
0.085
2.497
3.688
—
—
35.27
—
43.08
8.99
6.23
—
10.76
17.06
9.30
—
—
—
—
—
—
—
4.03
0.54
3.13
57.4
106.8
204.6
67.6
131.2
34.3
102.7
1,819.9
865.4
158.7
6947
6645
6807
5078
5031
6742
DIGI
LITRAK
PUNCAK
SILKHLD
TIMECOM
YTLPOWR
4.880
5.800
1.000
0.360
7.230
1.450
0.010 10918.9
-0.040
434.5
-0.010
778.3
UNCH
289.3
0.010
55.6
0.020 4170.3
4.874
5.836
1.003
0.359
7.235
1.438
23.74
17.34
—
—
9.27
12.29
4.20
4.31
—
—
0.93
6.90
37,942.0
3,037.6
449.3
252.6
4,161.6
11,747.3
5108
ICAP
2.280
0.030
3
2.273
14.28
—
319.2
0800EA
0822EA
0823EA
0820EA
0826EA
0825EA
0821EA
0824EA
ABFMY1
CIMBA40
CIMBC50
FBMKLCI-EA
METFAPA
METFSID
MYETFDJ
MYETFID
1.106
1.630
1.165
1.690
0.928
0.907
1.065
1.010
0.003
—
—
—
-0.002
0.003
—
0.015
0.1
—
—
—
36.5
445
—
340
1.106
—
—
—
0.930
0.908
—
1.010
—
—
—
—
—
—
—
—
5.14
4.02
—
1.48
—
2.37
2.23
3.12
1,886.2
2.2
14.4
2.8
17.6
18.1
297.2
52.1
4952
5116
5269
5120
5127
5130
5106
5180
5121
5227
5235SS
5123
5212
5176
5111
5110
5109
AHP
ALAQAR
ALSREIT
AMFIRST
ARREIT
ATRIUM
AXREIT
CMMT
HEKTAR
IGBREIT
KLCC
MQREIT
PAVREIT
SUNREIT
TWRREIT
UOAREIT
YTLREIT
1.030
1.550
1.050
0.780
0.920
1.070
1.760
1.580
1.530
1.660
7.600
1.200
1.830
1.740
1.220
1.680
1.100
0.010
-0.010
UNCH
0.015
UNCH
UNCH
0.010
-0.020
UNCH
-0.030
-0.100
UNCH
-0.010
UNCH
UNCH
UNCH
UNCH
39.4
715.6
681.8
310.2
793.2
273.4
845.8
425.6
67
3053.1
871
1606.6
1884.3
6726.3
122.7
507
314.3
1.020
8.77
1.557 16.06
1.054 41.18
0.774
7.82
0.920
8.63
1.070
8.71
1.789 19.69
1.584 13.22
1.530 140.37
1.683 22.40
7.693 12.08
1.202 11.19
1.845 19.49
1.718
9.13
1.224 12.19
1.681
6.43
1.100 26.07
6.80
4.97
1.14
6.54
7.14
7.34
4.77
5.44
6.86
4.86
4.59
3.47
4.50
5.24
5.68
6.56
6.84
103.0
1,128.8
609.0
535.4
527.4
130.3
1,945.1
3,204.7
613.0
5,782.3
13,720.5
793.7
5,526.2
5,122.4
342.2
710.4
1,456.8
CLIQ
REACH
SONA
0.685
0.675
0.460
UNCH
UNCH
UNCH
60
14
1226.9
0.680
0.676
0.461
—
—
—
—
—
—
432.2
862.5
648.9
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
Unch
0.005
-0.010
Unch
2790.9
7321.7
40
1312
0.394
0.300
0.231
0.040
26.87
17.24
—
1.62
—
—
2.00
2.50
197.5
239.5
110.2
93.9
0.246
0.050
0.331
0.090
0.631
0.045
0.371
0.085
0.160
0.092
0.137
0.054
0.339
0.142
0.170
0.127
—
0.120
0.185
10.99
—
28.15
7.56
18.51
—
56.82
—
—
—
—
—
10.06
13.43
16.99
10.42
—
—
12.33
2.35
—
0.90
—
—
—
0.88
—
—
5.26
—
—
2.03
—
—
3.20
—
—
2.70
67.7
21.7
135.1
21.9
130.5
39.6
115.8
28.3
21.7
108.7
33.9
16.7
76.9
21.8
150.2
30.4
77.8
25.8
31.7
5234
5256
5241
Ace Market
YEAR
HIGH
YEAR
LOW
DAY
HIGH
CONSUMER PRODUCTS
0.450 0.225 0.400
0.320 0.095 0.305
0.417 0.225 0.235
0.075 0.040 0.045
INDUSTRIAL PRODUCTS
0.338 0.172 0.255
0.100 0.045 0.050
0.610 0.315 0.340
0.251 0.080 0.090
0.655 0.260 0.640
0.055 0.040 0.045
0.880 0.355 0.375
0.125 0.070 0.085
0.260 0.110 0.160
0.145 0.085 0.095
0.180 0.120 0.140
0.150 0.050 0.060
0.500 0.293 0.345
0.195 0.105 0.145
0.185 0.102 0.175
0.155 0.085 0.130
0.210 0.120
—
0.300 0.110 0.120
0.263 0.166 0.185
TECHNOLOGY
0.260 0.100 0.215
0.615 0.270 0.390
0.225 0.100
—
1.590 0.225
—
0.015 0.005
—
1.310 0.710 0.950
0.080 0.045 0.045
0.090 0.045 0.050
0.150 0.060 0.085
0.355 0.190
—
0.095 0.045 0.055
3.150 1.010 1.040
0.060 0.035
—
0.125 0.080 0.100
0.155 0.060 0.060
1.179 0.452 0.540
0.150 0.035 0.045
0.300 0.130 0.140
0.854 0.523
—
1.310 0.355 1.310
0.340 0.180 0.210
0.080 0.040
—
0.255 0.100 0.195
0.325 0.080 0.095
0.250 0.050 0.235
0.970 0.470
—
1.900 0.805 1.770
0.588 0.281 0.485
0.135 0.060 0.105
0.075 0.055 0.055
0.787 0.450 0.605
0.295 0.175
—
0.315 0.180 0.200
0.195 0.075 0.095
1.058 0.599 0.875
0.060 0.025 0.035
0.110 0.050 0.055
0.155 0.085 0.105
0.900 0.536 0.600
0.319 0.270 0.305
0.730 0.165 0.330
0.110 0.035 0.075
0.315 0.150 0.170
0.140 0.060 0.070
0.728 0.313 0.545
0.095 0.010
—
0.644 0.270 0.310
0.160 0.055 0.060
0.390 0.160 0.180
0.150 0.065 0.080
0.298 0.173 0.260
0.180 0.080 0.110
0.283 0.140 0.155
0.155 0.100 0.155
0.260 0.140 0.210
0.370 0.075 0.270
0.145 0.065 0.095
0.355 0.025
—
0.220 0.105 0.115
0.570 0.451 0.560
TRADING SERVICES
0.300 0.150
—
0.140 0.095 0.105
0.075 0.035 0.045
0.390 0.191 0.360
0.275 0.180
—
0.600 0.350 0.425
0.760 0.300
—
0.475 0.260 0.335
0.250 0.155
—
0.240 0.140 0.180
0.245 0.125 0.180
0.340 0.250 0.290
0.303 0.168 0.260
0.020 0.005
—
0.370 0.135 0.200
0.745 0.350 0.380
0.745 0.480
—
2.605 1.659 1.890
0.273 0.165 0.205
0.495 0.325
—
0.055 0.030 0.035
1.490 0.446 1.470
0.215 0.100
—
0.705 0.110 0.140
FINANCE
0.530 0.390 0.395
DAY
LOW
CODE
COUNTER
0.385
0.295
0.230
0.040
0179
0170
0148
0095
BIOHLDG
KANGER
SUNZEN
XINGHE
0.395
0.300
0.230
0.040
0.240
0.050
0.330
0.090
0.620
0.045
0.370
0.085
0.160
0.090
0.130
0.050
0.330
0.140
0.165
0.125
—
0.120
0.185
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
0.255
0.050
0.335
0.090
0.635
0.045
0.375
0.085
0.160
0.095
0.140
0.060
0.345
0.145
0.175
0.125
0.140
0.120
0.185
0.010 2301.9
Unch
0.1
0.005 2447.7
Unch 2041.6
Unch 1099.9
Unch
53
Unch
454
Unch
1420
Unch
30
0.005
1173
0.005
260
Unch
270.6
Unch
623.9
0.005
154.9
0.010 16552.5
0.005
90
—
—
Unch
271
Unch
60
0.190
0.350
—
—
—
0.760
0.045
0.045
0.080
—
0.055
1.020
—
0.095
0.060
0.480
0.040
0.135
—
1.250
0.200
—
0.190
0.090
0.215
—
1.700
0.450
0.095
0.055
0.575
—
0.200
0.095
0.875
0.030
0.050
0.105
0.575
0.300
0.295
0.075
0.160
0.065
0.525
—
0.280
0.055
0.170
0.075
0.250
0.095
0.150
0.145
0.205
0.260
0.090
—
0.110
0.545
0018
0181
0119
0068
0039
0098
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
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
0.215
0.380
0.120
0.290
0.010
0.940
0.045
0.050
0.085
0.260
0.055
1.040
0.040
0.100
0.060
0.535
0.045
0.135
0.640
1.300
0.210
0.045
0.195
0.090
0.215
0.520
1.720
0.480
0.095
0.055
0.600
0.225
0.200
0.095
0.875
0.030
0.050
0.105
0.600
0.305
0.300
0.075
0.165
0.070
0.530
0.010
0.295
0.055
0.180
0.075
0.255
0.095
0.155
0.155
0.210
0.260
0.095
0.025
0.115
0.545
0.005
233.2
0.020 5148.3
—
—
—
—
—
—
0.190
1454
Unch
472
0.005
250
0.005 8547.2
—
—
Unch
315
0.020
116.6
—
—
Unch
120.1
Unch
50
0.050 19394.5
0.005 1895.1
-0.005 1696.3
—
—
0.060 1904.8
0.005 1989.6
—
—
-0.005
567.7
-0.005 1467.4
-0.015 7215.1
—
—
0.030 1338.1
0.020 3391.1
-0.010 1489.6
Unch
200
0.025 3170.6
—
—
0.005
935.6
Unch
80
Unch
2
Unch 2406.1
Unch
839
Unch
473
0.010
11.6
Unch
403.3
-0.010 1266.2
0.005
30
Unch
728.6
Unch
685
-0.015
64.7
—
—
0.005
3592
Unch
24
0.010
55.1
-0.005
50
-0.005 2965.3
0.005
119.9
0.005
30.7
0.005 5960.4
0.005
357
-0.010 15606.3
Unch
515
—
—
0.005
127
0.005
51.2
0.211 32.09
0.373 29.46
—
—
—
—
—
—
0.882
—
0.045
—
0.047 45.45
0.083
—
— 21.49
0.055
—
1.030
—
— 26.67
0.095 83.33
0.060
—
0.516 37.68
0.043
—
0.136 19.01
— 46.38
1.286 21.52
0.206
9.81
—
—
0.195
8.30
0.090
—
0.222
—
— 23.32
1.732 193.26
0.472 15.58
0.100
—
0.055
—
0.595 15.75
—
—
0.200
—
0.095 95.00
0.875 39.06
0.030
—
0.054
3.25
0.105 105.00
0.585 13.82
0.304 17.33
0.315
—
0.075
6.70
0.165 36.67
0.069 53.85
0.536 13.49
—
—
0.295
—
0.056
—
0.170
—
0.077
—
0.255 12.50
0.097
—
0.151 38.75
0.150
—
0.205
—
0.264 17.93
0.094
—
—
—
0.112
—
0.551 21.12
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.87
—
—
1.56
—
2.38
—
—
—
—
—
—
2.29
—
—
3.33
—
—
—
2.29
—
—
—
3.33
2.89
—
—
1.21
—
3.77
—
—
—
—
—
2.63
—
3.87
—
—
—
—
—
—
7.34
137.7
166.8
33.7
33.7
8.1
408.9
22.0
67.8
126.7
236.2
42.7
36.6
11.6
26.3
29.7
325.4
18.8
303.4
80.6
160.9
99.3
33.3
46.2
53.3
42.3
48.9
287.9
146.8
17.8
52.5
97.8
21.3
142.1
22.0
416.8
37.5
94.2
71.7
96.7
90.9
36.3
24.0
92.1
75.8
100.3
2.0
59.0
30.5
51.4
24.0
77.5
11.5
49.2
64.0
23.2
672.7
31.7
12.8
22.3
735.8
—
0.095
0.040
0.355
—
0.410
—
0.325
—
0.180
0.175
0.270
0.250
—
0.190
0.370
—
1.880
0.205
—
0.030
1.450
—
0.135
0122
0048
0150
0011
0157
0081
0147
0180
0167
0153
0177
0006
0171
0110
0080
0032
0173
0158
0161
0137
0140
0089
0145
0165
AIM
ANCOMLB
ASIABIO
BTECH
FOCUSP
IDEAL
INNITY
KTC
MCLEAN
OVERSEA
PASUKGB
PINEAPP
PLABS
RA
RAYA
REDTONE
REV
SCC
SCH
STEMLFE
STERPRO
TEXCYCL
TFP
XOX
0.250
0.105
0.045
0.360
0.260
0.410
0.550
0.330
0.160
0.180
0.175
0.270
0.260
0.010
0.190
0.370
0.520
1.880
0.205
0.485
0.035
1.460
0.120
0.135
—
0.005
Unch
Unch
—
Unch
—
-0.010
—
Unch
Unch
-0.030
0.015
—
-0.010
-0.010
—
-0.070
-0.005
—
Unch
-0.010
—
-0.005
—
842.6
134.3
156.3
—
138.5
—
1235.7
—
6.5
875.4
25
418
—
278
35
—
4
80
—
360
402.8
—
1464.6
— 92.59
0.100
—
0.042
—
0.360 16.44
—
—
0.411 17.67
— 27.09
0.330 39.29
— 12.70
0.180
—
0.176 64.81
0.282
—
0.258 14.94
—
—
0.193
—
0.376
—
— 20.39
1.885 12.48
0.205 30.60
—
—
0.031
—
1.460 31.47
— 109.09
0.135 11.54
—
—
—
3.50
3.85
—
—
—
—
1.67
—
—
2.69
—
—
0.54
—
2.66
7.32
—
—
0.51
—
—
66.5
49.7
42.9
90.7
42.9
77.8
76.1
168.4
28.6
44.1
56.8
13.1
53.8
9.7
27.3
280.2
70.0
80.4
84.5
120.0
34.6
249.4
24.6
75.1
0.395
0053
OSKVI
0.395
-0.005
4.2
0.395
5.06
78.1
—
2 8 Markets
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S
Bursa Malaysia Equity Derivatives
Main Market & Ace Market Warrants
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
0.105
0.075
0.105
0.095
5238CV
0.340
0.035
0.310
0.285
0.170
0.050
0.140
0.150
0.060
0.110
0.520
0.085
0.445
0.060
0.645
0.395
WARRANTS
VOL PARENT
EXE
(‘000)
PRICE PRICE
PR’M
(%)
EXPIRY
DATE
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
WARRANTS
2.380
0.530
1.760
0.200
0.065
0.170
0.265
0.120
0.050
0.025
CLOSE
(RM)
+/(RM)
VOL PARENT
EXE
(‘000)
PRICE PRICE
1.660
3182WA
GENTING-WA
1.690
0.010
0.165
70010
GLD-C10
0.165
-0.005
0.145
0.135
1147WA
GOB-WA
0.145
Unch
161.7
0.030
0.030
7096WA
GPA-WA
0.030
Unch
30
4074.9
8.540
PR’M
(%)
EXPIRY
DATE
7.960
13.00
18/12/2018
182 509.813457.238
1.34
29/09/2016
0.420
0.800 125.00
24/12/2019
0.095
0.100
36.84
03/06/2025
CLOSE
(RM)
+/(RM)
AAX-CV
0.105
0.005
13443
0.405
0.390
22.22
30/12/2016
6.200
3.350
5.990
5.970
3034WA
HAPSENG-WA
5.980
-0.040
24.7
7.700
1.650
-0.91
09/08/2016
5238WA
AAX-WA
0.305
0.015
63084.5
0.405
0.460
88.89
08/06/2020
0.460
0.170
0.310
0.295
2062WC
HARBOUR-WC
0.295
-0.025
103.7
0.910
1.560 103.85
03/04/2021
0.125
0018WA
ACCSOFT-WA
0.140
-0.015
110
0.215
0.100
11.63
18/01/2019
1.510
0.625
0.975
0.950
5095WB
HEVEA-WB
0.950
-0.030
36.5
1.190
0.250
0.84
28/02/2020
0.110
7315WB
AHB-WB
0.110
Unch
161.5
0.215
0.200
44.19
28/08/2019
0.190
0.017
0.085
0.045
5072WA
HIAPTEK-WA
0.080
0.035
53202.8
0.255
0.690 201.96
09/01/2017
0.520
0.505
509927
AIRASIAC27
0.520
0.035
18
2.770
1.280
2.53
28/10/2016
0.100
0.065
0.100
0.085
5072WB
HIAPTEK-WB
0.100
0.020
59370.2
0.255
0.500 135.29
23/06/2021
0.445
0.440
509928
AIRASIAC28
0.440
0.015
50
2.770
1.480
1.08
28/10/2016
0.810
0.305
0.365
0.350
5169WA
HOHUP-WA
0.350
-0.015
78
0.800
0.600
18.75
21/12/2018
0.185
0.645
0.645
509930
AIRASIAC30
0.645
0.015
5
2.770
2.000
18.77
31/01/2017
0.320
0.190
0.205
0.205
7213WB
HOVID-WB
0.205
Unch
254.9
0.380
0.180
0.060
0.395
0.380
509931
AIRASIAC31
0.395
0.020
939.5
2.770
1.500
1.21
15/08/2016
0.630
0.065
0.175
0.115
65121
HSI-C21
0.175
0.050
24220.8
0.520
0.125
0.520
0.515
509932
AIRASIAC32
0.515
0.050
400
2.770
1.500
0.63
30/09/2016
1.000
0.250
0.660
0.520
65122
HSI-C22
0.660
0.110
0.315
0.110
0.315
0.305
509933
AIRASIAC33
0.310
0.010
2854.3
2.770
2.100
3.79
28/10/2016
1.180
0.520
1.010
0.890
65124
HSI-C24
1.010
0.085
0.325
0.125
0.325
0.315
509934
AIRASIAC34
0.325
0.010
1149.9
2.770
2.000
7.40
28/02/2017
0.550
0.175
0.370
0.300
65130
HSI-C30
0.370
0.055
12160.5
0.320
0.190
0.320
0.315
509935
AIRASIAC35
0.320
0.010
259.5
2.770
2.000
6.86
17/02/2017
0.920
0.305
0.780
0.705
65132
HSI-C32
0.780
0.065
1906
0.200
0.130
0.185
0.180
509936
AIRASIAC36
0.180
0.005
570.3
2.770
2.850
22.38
30/12/2016
0.540
0.190
0.340
0.340
65136
HSI-C36
0.340
-0.015
9
11,043 23,200 112.85
28/10/2016
0.295
0.230
0.295
0.285
509937
AIRASIAC37
0.290
0.005
3481.6
2.770
2.450
14.62
30/12/2016
0.835
0.310
0.620
0.550
65138
HSI-C38
0.615
0.040
163
11,043 21,800 102.41
28/10/2016
0.190
0.130
0.190
0.185
509938
AIRASIAC38
0.190
0.005
3974.4
2.770
2.650
19.68
28/04/2017
1.140
0.615
1.140
1.130
65140
HSI-C40
1.140
0.050
310
11,042 20,400
94.03
28/10/2016
0.040
0.010
0.025
0.015
0159WA
AMEDIA-WA
0.020
0.005
4902.1
0.120
1.100 833.33
02/01/2018
0.865
0.450
0.845
0.830
65142
HSI-C42
0.835
-0.030
6
11,043 21,200
98.78
29/11/2016
0.120
0.040
0.060
0.060
9342WB
ANZO-WB
0.060
Unch
20
0.205
0.250
51.22
25/08/2023
0.550
0.260
0.515
0.420
65148
HSI-C48
0.485
-0.065
475.9
11,043 23,000 112.22
29/12/2016
0.095
0.015
0.015
0.015
5194WA
APFT-WA
0.015
Unch
70
0.045
0.400 822.22
13/07/2018
1.310
0.015
0.035
0.015
65125
HSI-H25
0.015
-0.010
4005.7
11,043 19,000
72.16
28/07/2016
0.150
0.050
0.090
0.085
0119WA
APPASIA-WA
0.090
0.005
25
0.120
0.130
83.33
23/12/2024
1.650
0.090
0.135
0.090
65127
HSI-H27
0.090
-0.045
7247
11,043 20,400
85.46
28/07/2016
0.100
0.005
0.005
0.005
521011
ARMADA-C11
0.005
Unch
875
0.740
1.000
36.49
07/10/2016
0.735
0.035
0.045
0.035
65129
HSI-H29
0.040
-0.005
666.6
11,043 17,000
54.26
30/08/2016
0.135
0.055
0.090
0.085
521015
ARMADA-C15
0.090
0.005
1180.2
0.740
0.800
20.27
28/02/2017
1.500
0.200
0.260
0.200
65133
HSI-H33
0.205
-0.050
27592.1
11,043 19,800
80.96
30/08/2016
0.155
0.020
0.035
0.035
5210C8
ARMADA-C8
0.035
Unch
400
0.740
0.880
30.74
28/11/2016
0.600
0.120
0.130
0.120
65135
HSI-H35
0.125
-0.020
40.4
11,043 17,800
62.20
29/09/2016
0.135
0.010
0.025
0.025
5210C9
ARMADA-C9
0.025
-0.005
130
0.740
0.980
40.88
28/11/2016
0.915
0.260
0.285
0.260
65137
HSI-H37
0.260
-0.025
63.5
11,043 19,200
75.97
29/09/2016
0.035
0.015
0.025
0.020
0150WA
ASIABIO-WA
0.025
Unch
510.1
0.045
0.100 177.78
19/04/2024
1.270
0.435
0.515
0.435
65139
HSI-H39
0.435
-0.065
10021.5
11,043 20,600
90.07
29/09/2016
0.175
0.095
0.155
0.150
0105WA
ASIAPLY-WA
0.155
Unch
2820.5
0.255
0.100
0.00
13/12/2020
0.880
0.265
0.295
0.265
65141
HSI-H41
0.265
-0.035
260
11,043 18,600
70.58
28/10/2016
0.150
0.040
0.080
0.075
6888C8
AXIATA-C8
0.080
Unch
489.6
5.480
5.850
11.13
31/01/2017
1.250
0.465
0.500
0.465
65143
HSI-H43
0.465
-0.060
25
11,043 20,000
84.89
28/10/2016
0.380
0.150
0.305
0.300
7078WA
AZRB-WA
0.300
Unch
239.1
0.665
0.700
50.38
13/05/2024
1.740
0.770
0.860
0.770
65145
HSI-H45
0.770
-0.085
451
11,043 21,400 100.05
28/10/2016
0.210
0.080
0.130
0.125
7241WA
BHS-WA
0.130
Unch
52
0.405
0.600
80.25
18/10/2020
0.640
0.265
0.295
0.265
65147
HSI-H47
0.265
-0.035
108.8
11,043 18,000
65.15
29/11/2016
0.485
0.225
0.325
0.310
5258WA
BIMB-WA
0.325
0.010
548.2
4.090
4.720
23.35
04/12/2023
0.995
0.450
0.485
0.450
65149
HSI-H49
0.450
-0.045
508.9
11,043 19,400
79.34
29/11/2016
0.310
0.090
0.100
0.095
6998WA
BINTAI-WA
0.100
Unch
276
0.190
0.200
57.89
15/06/2020
1.420
0.650
0.690
0.650
65151
HSI-H51
0.655
-0.060
57
11,043 20,800
93.68
29/11/2016
0.280
0.115
0.135
0.135
3239WA
BJASSET-WA
0.135
-0.005
2
0.785
1.000
44.59
16/03/2018
0.915
0.530
0.570
0.530
65153
HSI-H53
0.530
-0.050
105
11,043 19,000
76.37
29/12/2016
0.105
0.020
0.035
0.035
3395CZ
BJCORP-CZ
0.035
Unch
320
0.365
0.370
10.96
31/10/2016
1.110
0.710
0.710
0.710
65155
HSI-H55
0.710
-0.055
5
11,043 20,400
90.50
29/12/2016
0.160
0.095
0.135
0.135
3395WB
BJCORP-WB
0.135
Unch
419.2
0.365
1.000 210.96
22/04/2022
1.600
1.010
1.060
1.010
65157
HSI-H57
1.010
-0.090
6
11,043 21,800 105.63
0.145
0.060
0.130
0.125
7036WB
BORNOIL-WB
0.130
Unch
21.6
0.185
0.100
24.32
28/02/2018
0.230
0.025
0.040
0.040
6238CD
HSL-CD
0.040
Unch
160
0.115
0.065
0.110
0.105
7036WC
BORNOIL-WC
0.105
Unch
11581.7
0.185
0.100
10.81
08/11/2025
0.010
0.005
0.005
0.005
7013WB
HUBLINE-WB
0.005
Unch
1860
0.185
0.060
0.090
0.075
9938WB
BRIGHT-WB
0.080
0.005
138
0.315
0.820 185.71
12/01/2019
0.030
0.020
0.030
0.025
9601WD
HWGB-WD
0.025
-0.005
998.7
0.330
0.080
0.110
0.110
7188WB
BTM-WB
0.110
0.010
10
0.210
0.200
47.62
23/10/2024
0.360
0.155
0.170
0.170
4251WA
IBHD-WA
0.170
Unch
10
1.330
0.410
1.050
1.000
7174WA
CAB-WA
1.030
-0.010
93.5
1.610
0.550
-1.86
08/02/2020
0.275
0.160
0.210
0.210
9687WB
IDEALUBB-WB
0.210
Unch
10.3
0.285
0.005
0.005
0.005
0163WA
CAREPLS-WA
0.005
Unch
4394.1
0.335
0.320
-2.99
09/08/2016
3.552
2.075
2.600
2.600
0166WA
INARI-WA
2.600
0.100
0.205
0.035
0.070
0.035
7076CC
CBIP-CC
0.040
-0.040
100.2
1.990
2.150
12.06
11/11/2016
2.320
0.813
1.350
1.350
0166WB
INARI-WB
1.350
0.505
0.255
0.375
0.365
7076WA
CBIP-WA
0.375
0.015
28.5
1.990
2.400
39.45
06/11/2019
0.040
0.010
0.015
0.015
0094WA
INIX-WA
0.165
0.025
0.045
0.040
5195WA
CENSOF-WA
0.045
0.005
384.1
0.220
0.460 129.55
18/07/2017
0.280
0.150
0.165
0.160
3379WB
0.180
0.065
0.090
0.075
5195WB
CENSOF-WB
0.090
0.010
209.1
0.220
0.460 150.00
07/10/2019
0.180
0.115
0.175
0.165
5249CK
0.140
0.010
0.010
0.010
102310
CIMB-C10
0.010
-0.005
30
4.210
4.800
15.20
10/08/2016
0.295
0.110
0.125
0.125
0.290
0.070
0.085
0.070
102311
CIMB-C11
0.080
-0.010
1830.1
4.210
4.500
12.97
30/08/2016
0.090
0.020
0.040
0.040
0.055
0.035
0.040
0.040
0102WB
CONNECT-WB
0.040
0.005
6
0.090
0.100
55.56
07/06/2021
0.150
0.030
0.105
0.090
0.020
0.030
0.030
0051WA
CUSCAPI-WA
0.030
-0.005
300
0.100
0.270 200.00
24/04/2018
0.090
0.030
0.040
0.235
0.125
0.175
0.165
7212WA
DESTINI-WA
0.170
0.005
970.3
0.585
0.400
-2.56
03/10/2016
0.150
0.065
0.030
0.010
0.015
0.015
0152WA
DGB-WA
0.015
Unch
50
0.045
0.110 177.78
22/04/2018
0.935
0.120
0.450
0.255
0.330
0.320
7277WA
DIALOG-WA
0.330
Unch
507.4
1.540
1.190
-1.30
10/02/2017
0.185
0.175
0.120
0.175
0.175
694713
DIGI-C13
0.175
Unch
50
4.880
4.500
6.56
22/02/2017
0.075
0.225
0.005
0.015
0.010
6947C9
DIGI-C9
0.015
Unch
602.9
4.880
5.100
5.28
30/09/2016
0.105
0.030
0.040
0.035
0029WA
DIGISTA-WA
0.035
-0.005
143.1
0.165
0.130
0.00
07/02/2017
0.090
0.045
0.055
0.055
0029WB
DIGISTA-WB
0.055
0.005
100
0.165
0.260
90.91
0.255
0.120
0.130
0.125
5265WA
DOLPHIN-WA
0.130
0.010
205.2
0.580
0.800
60.34
0.420
0.210
0.245
0.220
7169WA
DOMINAN-WA
0.245
-0.005
39.6
1.120
1.300
0.065
0.015
0.040
0.035
7198WA
DPS-WA
0.040
Unch
140.1
0.105
0.030
0.050
0.050
7198WB
DPS-WB
0.050
Unch
365.5
0.215
0.020
0.055
0.055
161919
DRBHCOMC19
0.055
Unch
0.115
0.020
0.020
0.020
161920
DRBHCOMC20
0.020
0.210
0.030
0.060
0.055
161921
DRBHCOMC21
0.055
0.140
0.065
0.095
0.085
161922
DRBHCOMC22
0.095
0.145
0.060
0.065
0.065
5216CN
DSONIC-CN
0.065
0.175
0.085
0.110
0.100
3417C2
E&O-C2
0.100
0.045
0.050
0.045
3417C3
E&O-C3
0.155
0.065
0.120
0.110
3417C4
0.330
0.110
0.205
0.200
0.090
0.025
0.045
0.200
0.080
0.200
0.015
0.595
1.32
05/06/2018
11,043 22,000 100.63
28/07/2016
2061.9
11,043 20,600
91.91
28/07/2016
166
11,043 20,200
91.15
30/08/2016
11,043 22,400 105.85
29/09/2016
11,043 21,000
29/09/2016
29/12/2016
2.000
21.18
0.010
0.010
50.00
20/12/2020
0.060
0.180 241.67
15/03/2021
0.510
1.410 209.80
08/10/2019
0.800
1.000
51.25
30/03/2021
2.1
2.960
0.264
-3.24
04/06/2018
-0.020
56.9
2.960
1.600
-0.34
17/02/2020
0.015
0.005
96.7
0.045
0.100 155.56
16/11/2020
INSAS-WB
0.165
-0.005
192.6
0.645
1.000
80.62
25/02/2020
IOIPG-CK
0.170
0.040
428
2.500
2.100
4.40
15/12/2016
8834WB
IREKA-WB
0.125
0.015
30
0.560
1.000 100.89
25/06/2019
7183WA
IRETEX-WA
0.040
-0.005
450
0.250
0.800 236.00
10/06/2019
0.095
5175WA
IVORY-WA
0.100
Unch
1748.1
0.445
0.750
91.01
26/04/2017
0.035
0024WA
JAG-WA
0.035
Unch
135.1
0.095
0.100
42.11
14/08/2019
0.075
0.075
9083WB
JETSON-WB
0.075
Unch
30
0.215
0.750 283.72
06/02/2019
0.510
0.450
7167WA
JOHOTIN-WA
0.510
0.050
1923.1
2.180
2.280
21/11/2017
0.015
0.020
0.020
4383CH
JTIASA-CH
0.020
0.005
5
1.150
1.600
42.61
30/09/2016
0.005
0.005
0.005
4383CI
JTIASA-CI
0.005
Unch
6150
1.150
1.700
49.78
28/11/2016
0.130
0.020
0.025
0.025
4383CJ
JTIASA-CJ
0.025
0.005
30
1.150
1.500
36.96
30/09/2016
0.265
0.060
0.065
0.065
5247CK
KAREX-CK
0.065
Unch
250
2.320
2.300
10.34
28/10/2016
04/04/2023
0.025
0.010
0.015
0.015
3115WC
KBUNAI-WC
0.015
Unch
37.5
0.055
0.131 165.45
20/10/2023
29/03/2021
1.470
0.350
1.400
1.330
7161WA
KERJAYA-WA
1.370
0.040
358.9
2.250
0.880
0.00
20/12/2017
37.95
10/09/2020
0.865
0.260
0.725
0.720
5171WA
KIMLUN-WA
0.725
-0.015
227.5
1.900
1.680
26.58
12/03/2024
0.090
0.540 544.44
03/01/2018
0.140
0.065
0.070
0.065
7164WA
KNM-WA
0.065
Unch
531.2
0.400
0.980 161.25
15/11/2017
0.090
0.100
66.67
15/01/2025
0.160
0.090
0.120
0.120
7164WB
KNM-WB
0.120
0.005
10
0.400
1.000 180.00
21/04/2020
2512.1
0.900
1.000
17.22
30/11/2016
0.585
0.130
0.155
0.145
7017WB
KOMARK-WB
0.155
0.010
562.3
0.395
0.300
21/01/2020
Unch
4315
0.900
1.100
27.78
30/11/2016
0.210
0.170
0.190
0.190
7153CO
KOSSAN-CO
0.190
-0.020
2
6.610
6.400
16.94
13/01/2017
-0.005
6413
0.900
0.950
14.72
15/12/2016
0.240
0.190
0.200
0.200
7153CP
KOSSAN-CP
0.200
-0.040
16
6.610
6.600
14.07
30/11/2016
Unch
240
0.900
1.000
26.94
17/02/2017
0.730
0.470
0.695
0.695
5878WB
KPJ-WB
0.695
-0.015
10
4.310
4.010
9.16
23/01/2019
Unch
20
1.270
1.450
26.97
23/11/2016
0.190
0.035
0.055
0.040
5038CF
KSL-CF
0.045
Unch
1923.3
1.150
1.400
25.65
11/11/2016
0.105
0.020
400
1.760
1.550
0.00
28/07/2016
0.910
0.255
0.360
0.320
5038WA
KSL-WA
0.320
Unch
1373
1.150
0.800
-2.61
19/08/2016
0.050
-0.010
600
1.760
1.680
1.14
28/07/2016
0.640
0.260
0.340
0.330
8494WA
LBICAP-WA
0.330
-0.010
245
1.380
1.000
-3.62
17/04/2018
E&O-C4
0.120
0.010
825
1.760
1.500
5.68
23/11/2016
0.620
0.300
0.615
0.610
5789WA
LBS-WA
0.610
-0.005
108.9
1.640
1.000
-1.83
11/06/2018
3417WB
E&O-WB
0.205
Unch
75
1.760
2.600
59.38
21/07/2019
0.450
0.215
0.410
0.395
5789WB
LBS-WB
0.400
-0.005
535
1.640
1.250
0.61
04/10/2020
0.040
0154WC
EAH-WC
0.045
Unch
1923.5
0.085
0.100
70.59
18/06/2019
0.265
0.150
0.170
0.170
7126WA
LONBISC-WA
0.170
Unch
23
0.730
1.000
60.27
26/01/2020
0.120
0.110
3557WC
ECOFIRS-WC
0.120
-0.010
31.4
0.255
0.300
64.71
10/09/2019
0.045
0.025
0.035
0.030
5068WA
LUSTER-WA
0.030
Unch
349
0.065
0.100 100.00
03/06/2022
0.035
0.035
8206CC
ECOWLD-CC
0.035
0.020
120
1.300
1.300
5.38
28/07/2016
0.470
0.210
0.265
0.265
7617WB
MAGNA-WB
0.265
Unch
26
0.930
0.900
25.27
04/09/2020
0.340
0.420
0.390
8206WA
ECOWLD-WA
0.395
-0.020
400.1
1.300
2.080
90.38
26/03/2022
0.120
0.080
0.090
0.080
8583C1
MAHSING-C1
0.080
-0.005
160
1.550
1.400
0.65
28/07/2016
0.190
0.090
0.105
0.105
1368CG
EDGENTA-CG
0.105
0.005
0.3
3.500
3.230
4.29
31/10/2016
0.140
0.045
0.110
0.095
8583C2
MAHSING-C2
0.095
-0.010
223.3
1.550
1.450
-0.32
30/09/2016
0.240
0.120
0.135
0.135
0107WA
EDUSPEC-WA
0.135
Unch
136
0.260
0.180
21.15
24/12/2018
0.120
0.085
0.100
0.100
8583C3
MAHSING-C3
0.100
0.005
20
1.550
1.500
6.45
11/10/2016
1.480
0.240
1.130
1.100
0065WA
EFORCE-WA
1.120
0.010
88.4
1.650
0.680
9.09
17/07/2019
0.260
0.130
0.220
0.205
8583WB
MAHSING-WB
0.205
-0.005
1361.6
1.550
1.440
6.13
16/03/2018
0.815
0.390
0.525
0.510
8907WC
EG-WC
0.520
0.010
542.8
0.850
0.500
20.00
03/11/2020
0.200
0.100
0.150
0.140
8583WC
MAHSING-WC
0.140
-0.005
726.2
1.550
2.100
44.52
21/02/2020
0.065
0.020
0.020
0.020
7182WA
EKA-WA
0.020
-0.005
100
0.075
0.200 193.33
22/01/2019
0.185
0.080
0.085
0.085
5264CN
MALAKOF-CN
0.085
0.005
249.6
1.610
1.600
7.30
30/12/2016
0.840
0.180
0.580
0.570
8877WB
EKOVEST-WB
0.575
0.020
21.4
1.480
1.350
30.07
25/06/2019
0.280
0.085
0.110
0.105
6181WB
MALTON-WB
0.105
Unch
288
0.665
1.000
66.17
29/06/2018
0.625
0.300
0.335
0.330
5056WA
ENGTEX-WA
0.335
-0.005
61
1.160
0.830
0.43
25/10/2017
0.140
0.140
0.140
0.140
5236CF
MATRIX-CF
0.140
-0.010
20
2.480
2.550
19.76
14/03/2017
0.860
0.220
0.280
0.250
7249WA
EWEIN-WA
0.270
0.015
258.5
0.900
0.610
-2.22
09/06/2017
0.170
0.035
0.075
0.050
6012CT
MAXIS-CT
0.070
Unch
7.2
5.990
6.300
8.68
30/12/2016
0.230
0.060
0.175
0.170
7047WB
FAJAR-WB
0.170
0.005
100.2
0.540
0.700
61.11
24/09/2019
0.330
0.040
0.050
0.040
115518
MAYBANKC18
0.040
-0.010
9932.6
8.020
8.350
5.86
15/08/2016
0.285
0.085
0.145
0.145
9776WB
FARMBES-WB
0.145
Unch
28
0.625
1.000
83.20
13/07/2018
0.235
0.060
0.070
0.060
115519
MAYBANKC19
0.065
-0.005
2687.6
8.020
8.600
9.26
30/12/2016
0.205
0.110
0.160
0.160
56011
FB-C11
0.160
-0.010
15
463.96 397.59
2.94
29/09/2016
0.350
0.155
0.315
0.280
5152WA
MBL-WA
0.315
0.030
96.6
0.895
0.800
24.58
28/11/2022
0.405
0.080
0.105
0.105
65046
FBMKLCI-C46
0.105
-0.010
0.1
1,654
1,640
1.01
29/07/2016
0.405
0.130
0.290
0.275
1694WB
MENANG-WB
0.285
Unch
191.6
0.895
1.000
43.58
09/07/2019
0.190
0.055
0.090
0.085
65048
FBMKLCI-C48
0.085
-0.005
857
1,654
1,600
0.29
30/08/2016
0.185
0.010
0.155
0.135
0075WA
MEXTER-WA
0.135
-0.020
13478.1
0.215
0.130
23.26
17/09/2018
0.135
0.035
0.065
0.060
65050
FBMKLCI-C50
0.060
-0.005
230
1,654
1,650
2.25
30/08/2016
0.465
0.305
0.430
0.405
3069WA
MFCB-WA
0.430
Unch
6.3
1.820
2.220
45.60
08/04/2020
0.200
0.070
0.100
0.100
65054
FBMKLCI-C54
0.100
Unch
30
1,654
1,595
0.62
30/09/2016
0.270
0.100
0.125
0.125
3662WB
MFLOUR-WB
0.125
Unch
36
1.300
2.060
68.08
09/05/2017
0.090
0.020
0.030
0.030
65056
FBMKLCI-C56
0.030
Unch
100
1,654
1,710
4.61
31/10/2016
0.485
0.210
0.270
0.255
5186CY
MHB-CY
0.255
-0.010
141.7
1.120
0.900
3.13
30/11/2016
0.165
0.110
0.155
0.155
65068
FBMKLCI-C68
0.155
0.005
20
1,654
1,670
4.67
30/11/2016
0.150
0.025
0.030
0.025
3816C5
MISC-C5
0.030
-0.005
20.9
7.450
8.600
17.85
30/12/2016
0.245
0.180
0.245
0.240
65074
FBMKLCI-C74
0.240
Unch
100
1,654
1,620
3.70
30/12/2016
0.605
0.235
0.535
0.515
9571WD
MITRA-WD
0.520
-0.010
1020.6
1.380
1.090
16.67
23/08/2020
0.075
0.065
0.075
0.075
65076
FBMKLCI-C76
0.075
0.010
40
1,654
1,670
4.09
31/01/2017
1.260
0.500
0.910
0.880
6114WB
MKH-WB
0.900
0.025
56.1
2.500
1.890
11.60
29/12/2017
0.130
0.005
0.010
0.005
65053
FBMKLCI-H53
0.010
Unch
65
1,654
1,570
-4.70
30/08/2016
0.100
0.020
0.045
0.045
0085WA
MLAB-WA
0.045
Unch
380.9
0.095
0.100
52.63
24/04/2020
0.155
0.050
0.050
0.050
65059
FBMKLCI-H59
0.050
-0.005
2065.8
1,654
1,650
1.83
30/09/2016
0.240
0.025
0.065
0.055
2194C1
MMCCORP-C1
0.065
0.015
733.4
2.090
2.100
6.70
30/09/2016
0.210
0.115
0.130
0.130
65067
FBMKLCI-H67
0.130
0.005
60
1,654
1,700
8.23
30/11/2016
0.080
0.035
0.065
0.055
1651C7
MRCB-C7
0.060
Unch
1586.8
1.160
1.220
15.52
31/03/2017
0.625
0.055
0.060
0.055
0650HW
FBMKLCI-HW
0.060
Unch
5735.5
1,654
1,700
5.15
29/07/2016
0.240
0.075
0.135
0.130
1651WA
MRCB-WA
0.130
-0.005
2578.5
1.160
2.300 109.48
14/09/2018
0.675
0.060
0.325
0.325
8605WB
FFHB-WB
0.325
-0.010
20
0.820
0.500
0.61
30/03/2017
0.035
0.010
0.010
0.010
0092WA
MTOUCHE-WA
0.010
Unch
100
0.095
0.890 847.37
17/01/2018
0.080
0.030
0.050
0.045
522210
FGV-C10
0.050
0.005
73.2
1.530
1.550
13.73
30/09/2016
0.465
0.120
0.235
0.225
0138CN
MYEG-CN
0.225
-0.010
1291
1.760
1.225
1.56
30/08/2016
0.100
0.060
0.070
0.070
522211
FGV-C11
0.070
Unch
94.9
1.530
1.700
20.26
30/11/2016
0.385
0.145
0.165
0.160
0138CQ
MYEG-CQ
0.160
-0.015
295
1.760
1.400
2.27
30/08/2016
0.160
0.145
0.160
0.150
522213
FGV-C13
0.150
-0.005
75
1.530
1.500
12.75
28/04/2017
0.300
0.065
0.085
0.080
0138CS
MYEG-CS
0.080
-0.010
470
1.760
1.590
3.98
30/08/2016
0.210
0.005
0.015
0.010
5222C6
FGV-C6
0.010
Unch
307.6
1.530
1.500
0.00
29/07/2016
0.360
0.090
0.110
0.100
0138CT
MYEG-CT
0.100
-0.010
2567.3
1.760
1.775
12.22
30/09/2016
0.255
0.130
0.175
0.165
539826
GAMUDA-C26
0.175
0.005
197.7
4.820
4.500
4.25
30/11/2016
0.100
0.025
0.025
0.025
0138CW
MYEG-CW
0.025
Unch
319.9
1.760
2.350
39.91
23/11/2016
0.100
0.075
0.075
0.075
539828
GAMUDA-C28
0.075
-0.015
500
4.820
5.000
14.63
26/01/2017
0.145
0.045
0.050
0.050
0138CX
MYEG-CX
0.050
-0.005
6262
1.760
1.900
18.75
31/10/2016
1.160
0.805
1.020
1.000
5398WE
GAMUDA-WE
1.000
-0.010
1520.1
4.820
4.050
4.77
06/03/2021
0.115
0.060
0.065
0.065
0138CY
MYEG-CY
0.065
-0.005
1550
1.760
2.150
32.13
30/12/2016
0.300
0.085
0.270
0.260
5226WA
GBGAQRS-WA
0.260
-0.010
4386.5
1.160
1.300
34.48
20/07/2018
0.105
0.060
0.065
0.065
0138CZ
MYEG-CZ
0.065
-0.005
150
1.760
2.000
26.56
14/03/2017
0.180
0.085
0.095
0.095
471513
GENM-C13
0.095
0.005
10
4.420
4.300
5.88
30/09/2016
0.050
0.020
0.020
0.020
0096WA
NEXGRAM-WA
0.020
-0.005
100
0.050
0.100 140.00
16/05/2022
0.145
0.125
0.145
0.145
471515
GENM-C15
0.145
0.010
10
4.420
4.400
9.39
31/03/2017
0.125
0.030
0.035
0.035
0083WB
NOTION-WB
0.035
Unch
36.9
0.395
1.000 162.03
02/05/2017
3.200
1.500
2.610
2.600
2291WA
GENP-WA
2.600
-0.070
5.3
10.400
7.750
-0.48
17/06/2019
0.255
0.150
0.255
0.240
0172WA
OCK-WA
0.250
0.005
6228.3
0.835
0.710
14.97
15/12/2020
0.220
0.075
0.115
0.105
318228
GENTINGC28
0.110
0.005
260.2
8.540
7.800
6.79
23/11/2016
0.205
0.060
0.075
0.065
7071WB
OCR-WB
0.065
-0.010
275.5
0.435
0.350
-4.60
02/09/2016
0.220
0.070
0.095
0.085
318229
GENTINGC29
0.095
0.015
301
8.540
9.300
18.35
30/11/2016
0.320
0.060
0.130
0.120
9008WB
OMESTI-WB
0.130
0.010
130.7
0.525
0.500
20.00
30/05/2018
0.205
0.145
0.160
0.160
318230
GENTINGC30
0.160
0.015
50
4.420
8.500 121.27
17/02/2017
0.470
0.255
0.270
0.265
5053WC
OSK-WC
0.265
-0.010
208.2
1.600
1.800
29.06
22/07/2020
0.150
0.100
0.150
0.120
318231
GENTINGC31
0.130
0.015
1964.8
4.420
8.300 111.31
31/03/2017
0.095
0.010
0.055
0.050
0005WA
PALETTE-WA
0.050
Unch
1365.1
0.075
0.040
20.00
20/03/2018
0.395
0.295
0.395
0.365
318232
GENTINGC32
0.385
0.025
5049.2
8.540
8.300
30/12/2016
0.190
0.075
0.160
0.160
1295C6
PBBANK-C6
0.160
Unch
7
19.44
18.00
-0.82
30/09/2016
12.97
1.700
96.52
27.98
15.19
11/11/2016
Markets 2 9
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S
Japan — Nikkei rises for fourth day as
weak yen lifts risk appetite
TOKYO: Japan’s Nikkei Share Average
rose for a fourth straight day to a more than
one-month high yesterday, after the yen’s
weakness lifted risk sentiment.
The Nikkei ended 0.95% or 154.46
points higher to 16,385.89, the highest
closing level since June 10.
It hit the one-month high on hopes that
Tokyo would launch fresh fiscal stimulus, a
weaker yen and broad gains by global risk
assets amid ebbing Brexit concerns. The
Nikkei has risen more than 7% this week.
“The Nikkei is now on its fourth day
of gains, and the US dollar is also back
around ¥104, so it is quite natural for sellers
to emerge and limit the upside. That said,
the market still appears well supported,”
said Chihiro Ohta, equity general manager
at SMBC Nikko Securities in Tokyo.
Another of Prime Minister Shinzo Abe’s
advisers poured cold water on the idea in
an interview with Reuters published after
the Bloomberg’s story and government
sources later outright denied perpetual
bonds were being considered.
But with Abenomics widely considered
to have failed so far, traders are wondering
if the government and Bank of Japan will
come up with more radical monetary and
fiscal stimulus measures soon.
Banks and carmakers, which had led
this week’s rally, lost steam and sagged.
Mitsubishi UFJ Financial Group Inc
slipped 0.02%, Sumitomo Mitsui Financial
Group Inc lost 0.48% and Mizuho Financial
Group Inc dipped 0.5%.
Toyota Motor Corp shed 0.36% and
Honda Motor Co was down 1.39%.
Shares of Nintendo Co remained firmly
on the front foot, jumping as much as
15.9%. Nintendo has gained more than 40%
this week, powered by the popularity of its
new Pokemon Go mobile game, which has
become an instant hit in three countries.
Video production company Imagica Robot
Holdings Inc, parent of a company which
produces Pokemon animation, rose 17.73%
and was on track for a 42% weekly gain.
The broader Topix climbed 0.4% to
1,305.73 points and the JPX-Nikkei Index
400 advanced 0.36% to 11,741.8.
US stocks ticked up on Wednesday,
just enough for the S&P 500 and the Dow
Jones Industrial Average to set record
highs, with investors expecting upbeat
earnings to keep the rally going.
The broader Topix climbed 0.8% to
1,311.16 points and the JPX-Nikkei Index
400 advanced 0.7% to 11,785.75.
Europe — European stocks edged lower
after four days of gains
LONDON: European stocks edged lower on
Wednesday after four straight sessions of
gains to leave a benchmark regional index
near its highest level in more than two
Index points
4825
Index points
2,926.14
3900
3415
3850
10,172.06
Dow Jones
Index points
-6.67
(-0.22%)
17625
14450
Index points
3,054.02
5800
20800
Banco Popular and Sabadell rose after
the European Court of Justice’s advocate
general backed a Spanish court ruling
capping banks’ liabilities for so-called floor
clauses in mortgage contracts, offering relief
for banks that had feared compensations
in the millions of euros.
Banco Monte dei Paschi di Siena rose
5.4% after sources said Italian bank rescue
fund Atlante is in talks with the bank over
a deal to help the country’s third-largest
lender reduce its bad debts.
However, banks were mixed, with
other Italian lenders hit by China data,
and Portugal’s Milennium BCP down 8.8%
after a research note said it may need up
to £3.9 billion in additional capital to meet
European requirements.
Nokia rose 4.8% after raising its sales
forecast and announcing a licensing
agreement with Samsung.
Credit Suisse’s equity strategists
changed some of their sectoral positions
given the slight market rebound after the
initial slump following the Brexit vote.
The Credit Suisse team cut European utilities
to “underweight”, while keeping a benchmark
position on stocks most exposed to the domestic
European economic cycle, such as staffing
companies Randstad and Adecco.
“We continue to focus on the domestic
demand proxies in Europe as, in our view,
the European growth story looks more
resilient than investors realise,” they said
in a note. — Reuters
Euro STOXX 50 Index
Shanghai Composite
Nikkei 225
weeks, with a drop in oil and gas shares
weighing on the market.
The pan-European STOXX 600 settled
0.1% lower, following four straight day of gains,
remaining near its highest level since late June.
The index had been in positive for much
of the session, until Energy Information
Administration data from the US showed an
unexpected rise in oil inventories. That hit
oil prices and sent the STOXX Europe600
Oil & Gas index down 1%.
The STOXX 600 had slumped 11% in the
first two trading sessions in the immediate
aftermath of Britain’s shock vote on June
23 to leave the European Union.
However, the index has since recovered
much of that ground. It has been helped
in part by expectations that the European
Central Bank and the Bank of England
will step in to support markets against the
effects of the Brexit vote, and encouraged
as Theresa May won the race to succeed
David Cameron as British prime minister,
quelling debilitating uncertainty.
While the STOXX 600 is down 8% so
far in 2016, it is up nearly 10% from its
post-Brexit low point reached on June 27.
“We continue to be supported by the
expectations of more central bank stimulus
measures, although after this rally I’m
starting to turn more defensive and I’ve
taken up some gold positions,” said Rupert
Baker, European equity sales executive at
Mirabaud Securities.
Shares in Spanish banks such as
18580
-7.30
(-0.25%)
16310
2,772.70
2930
14040
2445
11770
3,087.842
16,385.89
11275
2875
+154.46
(+0.95%)
1960
1900
8100
Mar 1, 2010
Jul 14, 2016
Mar 1, 2010
Jul 14, 2016
Bursa Malaysia Equity Derivatives
Main Market & Ace Market Warrants
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
WARRANTS
CLOSE
(RM)
+/(RM)
0.310
0.130
0.250
0.315
0.120
0.185
0.205
VOL PARENT
EXE
(‘000)
PRICE PRICE
0.240
9997WB
PENSONI-WB
0.245
0.010
265.2
0.655
0.600
29.01
20/01/2024
0.150
0.140
8311WC
PESONA-WC
0.145
0.005
733.5
0.375
0.250
5.33
27/01/2020
0.020
0.020
0.020
5681CQ
PETDAG-CQ
0.020
Unch
26
23.500 24.860
7.15
31/10/2016
0.145
0.190
0.170
6033CN
PETGAS-CN
0.170
-0.010
137
22.100 21.200
5.16
31/03/2017
0.355
0.105
0.335
0.335
8869CO
PMETAL-CO
0.335
0.005
72
2.700
2.28
15/12/2016
2.900
0.705
2.830
2.770
8869WC
PMETAL-WC
2.810
0.040
203
3.950
1.100
-1.01
22/08/2019
1.110
0.625
0.630
0.625
7088WB
POHUAT-WB
0.625
-0.010
269.7
1.480
1.000
9.80
21/10/2020
0.280
0.020
0.100
0.095
4634CV
POS-CV
0.100
Unch
3517.1
2.820
2.770
5.32
31/10/2016
0.130
0.040
0.060
0.050
4634CW
POS-CW
0.060
0.005
258.5
2.820
3.000
13.83
11/10/2016
3.950
PR’M
(%)
EXPIRY
DATE
0.170
0.110
0.120
0.120
4634CX
POS-CX
0.120
-0.005
253
2.820
3.100
22.70
13/01/2017
0.205
0.145
0.155
0.155
4634CY
POS-CY
0.155
-0.005
340
2.820
2.800
15.78
13/01/2017
0.435
0.160
0.405
0.395
7168WA
PRG-WA
0.395
-0.010
58
1.100
0.750
4.09
06/07/2019
0.490
0.405
0.470
0.440
8966WA
PRLEXUS-WA
0.465
Unch
109.9
1.470
1.200
13.27
14/06/2021
0.120
0.055
0.065
0.065
7145WA
PSIPTEK-WA
0.065
-0.005
37
0.125
0.100
32.00
16/11/2019
0.090
0.030
0.030
0.030
0007WA
PUC-WA
0.030
Unch
7.1
0.070
0.100
85.71
25/12/2024
0.035
0.015
0.025
0.020
0007WB
PUC-WB
0.025
0.005
20.5
0.070
0.100
78.57
15/02/2019
2.020
0.310
0.325
0.325
6807WB
PUNCAK-WB
0.325
0.015
0.2
1.000
1.000
32.50
20/07/2018
5.140
4.500
4.920
4.920
7765WA
RAPID-WA
4.920
-0.030
280
5.930
1.000
-0.17
07/04/2017
0.070
0.025
0.025
0.025
5256WA
REACH-WA
0.025
-0.005
26.5
0.675
0.750
14.81
12/08/2022
0.150
0.015
0.045
0.040
7232WA
RESINTC-WA
0.040
-0.005
220
0.430
0.500
25.58
29/09/2016
0.115
0.070
0.080
0.075
5270WA
RSENA-WA
0.080
0.005
320
0.405
0.500
43.21
01/12/2023
0.138
0.019
0.035
0.035
0133WC
SANICHI-WC
0.035
Unch
635.3
0.175
0.400 148.57
24/09/2019
0.150
0.060
0.065
0.060
5157WA
SAUDEE-WA
0.065
-0.005
370
0.285
0.500
98.25
31/03/2021
0.160
0.090
0.115
0.115
4731CD
SCIENTX-CD
0.115
0.015
200
12.78
13.00
19.72
13/01/2017
0.465
0.270
0.300
0.300
7246WA
SIGN-WA
0.300
-0.005
10.5
1.010
0.970
25.74
21/04/2021
0.200
0.045
0.060
0.060
4197C3
SIME-C3
0.060
Unch
100
7.580
7.900
7.39
30/09/2016
0.050
0.005
0.005
0.005
0060WA
SKH-WA
0.005
Unch
500
0.055
0.100
90.91
16/01/2017
0.275
0.025
0.040
0.035
521817
SKPETROC17
0.040
Unch
314.1
1.440
1.700
25.00
30/09/2016
0.085
0.025
0.030
0.030
521825
SKPETROC25
0.030
0.005
200
1.440
2.000
46.18
26/01/2017
0.110
0.030
0.040
0.040
521826
SKPETROC26
0.040
Unch
766.1
1.440
1.850
35.42
30/11/2016
1.050
0.545
0.605
0.595
7155WA
SKPRES-WA
0.600
-0.005
72
1.230
0.650
1.63
27/06/2017
0.255
0.050
0.060
0.060
0117WA
SMRT-WA
0.060
Unch
50
0.180
0.180
33.33
01/08/2017
1.000
0.730
0.770
0.735
5242WA
SOLID-WA
0.770
0.035
10
1.300
0.500
-2.31
16/12/2020
0.155
0.100
0.140
0.130
0093WA
SOLUTN-WA
0.135
-0.005
2101.1
0.255
0.200
31.37
04/07/2021
1.550
0.620
1.220
1.220
7103WA
SPRITZER-WA
1.220
Unch
23.3
2.400
1.180
0.00
13/12/2016
0.075
0.035
0.075
0.060
8664CU
SPSETIA-CU
0.070
0.010
158
2.980
3.200
12.08
31/01/2017
0.115
0.040
0.040
0.040
1201WB
SUMATEC-WB
0.040
Unch
100
0.100
0.175 115.00
13/11/2018
0.195
0.080
0.120
0.120
5263CA
SUNCON-CA
0.120
-0.005
5
1.670
1.400
-1.80
28/07/2016
0.235
0.105
0.170
0.170
5263CC
SUNCON-CC
0.170
0.005
17
1.670
1.450
2.10
28/10/2016
1.140
0.630
0.750
0.685
5211WA
SUNWAY-WA
0.750
0.055
567.3
3.000
2.250
0.00
17/08/2016
0.140
0.060
0.095
0.080
0148WB
SUNZEN-WB
0.095
0.010
89.6
0.230
0.250
50.00
25/02/2021
0.100
0.010
0.010
0.010
710612
SUPERMX-C12
0.010
-0.005
100
2.050
4.000
98.05
31/01/2017
0.060
0.010
0.010
0.010
710613
SUPERMX-C13
0.010
Unch
190
2.050
4.000
97.56
31/01/2017
0.120
0.010
0.010
0.010
710615
SUPERMX-C15
0.010
Unch
200
2.050
3.100
53.90
23/11/2016
0.115
0.090
0.100
0.100
710618
SUPERMX-C18
0.100
0.010
33
2.050
2.200
19.51
28/04/2017
10,403.79
18,372.12
+24.45
(+0.13%)
9500
Mar 1, 2010
Jul 13, 2016
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
0.430
0.065
0.065
0.065
0.345
0.140
0.195
0.185
0.280
0.155
0.195
0.560
0.170
0.220
1.110
0.480
0.100
CODE
Mar 1, 2010
Jul 13, 2016
WARRANTS
CLOSE
(RM)
+/(RM)
VOL PARENT
EXE
(‘000)
PRICE PRICE
PR’M
(%)
EXPIRY
DATE
7106C3
SUPERMX-C3
0.065
Unch
70
2.050
2.000
10.24
28/10/2016
7082WB
SYF-WB
0.185
Unch
217
0.575
0.700
53.91
11/11/2019
0.160
1538WB
SYMLIFE-WB
0.170
-0.015
100.2
0.690
1.100
84.06
11/11/2020
0.215
8524WB
TALIWRK-WB
0.220
Unch
11
1.430
1.700
34.27
11/11/2018
0.900
0.890
5191WA
TAMBUN-WA
0.895
0.065
65.5
1.510
0.600
-0.99
30/05/2017
0.045
0.100
0.090
0132WA
TDEX-WA
0.100
0.010
671.9
0.155
0.110
35.48
21/09/2018
0.200
0.110
0.120
0.120
534727
TENAGA-C27
0.120
Unch
2.2
14.300 13.700
3.78
30/08/2016
0.125
0.055
0.105
0.105
534728
TENAGA-C28
0.105
0.010
20
14.300 14.400
5.84
28/02/2017
0.165
0.135
0.165
0.165
534729
TENAGA-C29
0.165
0.010
300
14.300 15.100
12.52
30/11/2016
2.990
0.600
2.880
2.860
7034WA
TGUAN-WA
2.870
-0.010
75
4.190
1.500
4.30
09/10/2019
0.025
0.005
0.010
0.010
7079WB
TIGER-WB
0.010
Unch
446
0.050
0.170 260.00
23/12/2018
0.030
0.015
0.020
0.020
7079WC
TIGER-WC
0.020
0.005
15
0.050
0.080 100.00
11/02/2021
0.260
0.105
0.245
0.235
0101WB
TMCLIFE-WB
0.245
Unch
3396.2
0.870
0.750
14.37
21/06/2019
0.765
0.300
0.765
0.695
8397WC
TNLOGIS-WC
0.755
0.060
6555.6
1.670
1.000
5.09
26/12/2018
0.435
0.305
0.410
0.400
7285WA
TOMYPAK-WA
0.410
Unch
667.2
1.770
2.290
52.54
21/06/2021
0.160
0.050
0.055
0.050
7113C6
TOPGLOV-C6
0.055
Unch
40
4.490
5.150
20.82
28/02/2017
0.225
0.115
0.115
0.115
7113C7
TOPGLOV-C7
0.115
Unch
20
4.490
4.950
20.49
30/11/2016
0.470
0.090
0.095
0.095
7113CW
TOPGLOV-CW
0.095
Unch
23
4.490
4.040
5.85
28/10/2016
0.465
0.025
0.025
0.025
7113CX
TOPGLOV-CX
0.025
-0.005
656.9
4.490
4.625
6.35
10/08/2016
0.170
0.025
0.055
0.050
5054WA
TRC-WA
0.055
0.005
169.1
0.405
0.500
37.04
20/01/2017
0.060
0.005
0.035
0.030
0118WA
TRIVE-WA
0.035
Unch
894.5
0.085
0.100
58.82
06/01/2017
0.390
0.195
0.310
0.270
5401WA
TROP-WA
0.310
0.005
433.9
1.040
1.000
25.96
06/12/2019
0.380
0.020
0.145
0.130
514818
UEMS-C18
0.130
-0.010
1526
1.090
0.930
3.21
30/08/2016
0.115
0.075
0.085
0.080
514827
UEMS-C27
0.085
-0.005
160
1.090
0.980
8.62
30/09/2016
0.085
0.040
0.055
0.050
514828
UEMS-C28
0.055
Unch
5222.2
1.090
1.050
11.47
28/11/2016
0.055
0.035
0.045
0.045
514829
UEMS-C29
0.045
Unch
100
1.090
1.250
25.00
28/10/2016
0.130
0.015
0.030
0.020
4588CW
UMW-CW
0.025
0.005
602.3
5.740
7.000
24.13
31/01/2017
0.120
0.010
0.020
0.020
5243C3
UMWOG-C3
0.020
Unch
400
0.910
1.070
20.88
31/10/2016
0.120
0.035
0.085
0.065
5200CU
UOADEV-CU
0.085
0.050
91
2.330
2.100
1.07
28/07/2016
0.130
0.005
0.015
0.005
0120WA
VIS-WA
0.010
-0.005
276.1
0.210
0.250
23.81
01/09/2016
0.240
0.011
0.165
0.155
0069WB
VIVOCOM-WB
0.160
-0.005
5736.8
0.260
0.240
53.85
07/09/2018
0.285
0.022
0.180
0.170
0069WC
VIVOCOM-WC
0.170
-0.010
1540.3
0.260
0.100
3.85
22/01/2020
0.175
0.020
0.020
0.020
6963CA
VS-CA
0.020
Unch
40
1.190
1.380
21.01
28/10/2016
0.080
0.015
0.055
0.050
0066WA
VSOLAR-WA
0.050
-0.005
1663
0.095
0.120
78.95
01/12/2017
0.515
0.195
0.220
0.205
6963WA
VS-WA
0.215
0.010
1126
1.190
1.650
56.72
06/01/2019
0.165
0.060
0.070
0.070
9679CX
WCT-CX
0.070
0.005
20
1.510
1.600
15.23
30/12/2016
0.290
0.100
0.175
0.175
9679WD
WCT-WD
0.175
-0.005
134
1.510
1.710
24.83
11/12/2017
0.280
0.130
0.180
0.175
9679WE
WCT-WE
0.180
Unch
502.9
1.510
2.080
49.67
27/08/2020
0.095
0.045
0.060
0.050
5246CN
WPRTS-CN
0.055
0.005
181.8
4.290
4.250
2.91
30/09/2016
0.870
0.497
0.545
0.520
7245WA
WZSATU-WA
0.525
-0.030
87
1.020
0.500
0.49
28/10/2024
0.075
0.015
0.015
0.015
5155WA
XINQUAN-WA
0.015
Unch
56.9
0.190
1.000 434.21
24/06/2019
0.095
0.040
0.045
0.040
5155WB
XINQUAN-WB
0.040
Unch
135
0.190
0.880 384.21
27/03/2021
0.085
0.040
0.055
0.050
0165WA
XOX-WA
0.055
Unch
1489
0.135
0.200
88.89
10/02/2019
0.800
0.260
0.260
0.260
7003WA
Y&G-WA
0.260
-0.020
6
0.940
1.000
34.04
16/11/2019
0.110
0.025
0.065
0.065
7020WB
YKGI-WB
0.065
Unch
8
0.195
0.500 189.74
28/05/2020
0.120
0.010
0.015
0.015
6742CS
YTLPOWR-CS
0.015
Unch
44.3
1.450
1.480
3.62
30/08/2016
0.450
0.300
0.345
0.330
6742WB
YTLPOWR-WB
0.330
0.010
98.4
1.450
1.140
1.38
11/06/2018
0.230
0.075
0.100
0.080
2283WA
ZELAN-WA
0.095
0.005
1028.5
0.170
0.250 102.94
25/01/2019
Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants
3 0 Markets
FR I DAY JU LY 1 5 , 2 0 16 • TH EEDGE FI N AN C I AL DAI LY
INSIDER MOVES . TRADING THEMES . EVENTS . FOREX
Trading themes
Insider moves (Filings on Ju1 13, 2016)
Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook.
COMPANY
AIRASIA
AL-’AQAR HEALTHCARE REIT
SHARES ACQUIRED
(DISPOSED)
AXIATA GROUP
AXIATA GROUP
BERJAYA AUTO
BERJAYA AUTO
BRITISH AMERICAN TOBACO (M)
DIGI.COM
ECOFIRST CONSOLIDATED
EWEIN
GAMUDA
GAMUDA
GAMUDA
GAMUDA
1,473,100 EMPLOYEES PROVIDENT FUND BOARD
141,100 KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
25,792,556 AMANAHRAYA TRUSTEES
- SKIM AMANAH SAHAM BUMIPUTERA
(DIPERBADANKAN)
(665,400) EMPLOYEES PROVIDENT FUND BOARD
140,000 DATO’ TEOH SENG KIAN
74,000 HIJAUWASA
(100,000) KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
433,700 LEMBAGA TABUNG HAJI
GENTING PLANTATIONS
HAP SENG PLANTATIONS
190,200 EMPLOYEES PROVIDENT FUND BOARD
HARTALEGA
HONG LEONG BANK
IGB REAL ESTATE INVEST TRUST
IHH HEALTHCARE
IJM CORPORATION
INARI AMERTRON
IOI CORPORATION
KINSTEEL
KOSSAN RUBBER INDUSTRIES
KUALA LUMPUR KEPONG
KUALA LUMPUR KEPONG
LBS BINA GROUP
(102,200)
(99,000)
143,100
4,215,600
1,094,300
98,300
1,273,200
(500,000)
(242,300)
269,200
190,200
1,400,000
MAH SING GROUP
MMC CORPORATION
MUHIBBAH ENGINEERING (M)
PETRONAS GAS
PUBLIC BANK
RAPID SYNERGY
RHB BANK
SANICHI TECHNOLOGY
SHELL REFINING COMPANY
(FEDERATION OF MALAYA)
SUNWAY REAL ESTATE
INVEST TRUST
SYARIKAT TAKAFUL MALAYSIA
TDM
50,000
1,008,900
598,700
279,800
1,436,400
368,800
(138,300)
(171,500)
(101,400)
TELEKOM MALAYSIA
TELEKOM MALAYSIA
TENAGA NASIONAL
TENAGA NASIONAL
TH PLANTATIONS
WCT
YNH PROPERTY
YTL CORPORATION
YTL POWER INTERNATIONAL
DIRECTOR/SUBSTANTIAL
SHAREHOLDER
EMPLOYEES PROVIDENT FUND BOARD
KIN KEE
KUMPULAN WANG PERSARAAN
(DIPERBADANKAN)
LEMBAGA TABUNG HAJI
LEMBAGA TABUNG HAJI
LEMBAGA TABUNG HAJI
DATO’ YU KUAN CHON
MAH WEE HIAN @ MAH SIEW KUNG
(2,483,100) AMANAHRAYA TRUSTEES
(DIPERBADANKAN)
(1,500,000) EMPLOYEES PROVIDENT FUND BOARD
(966,300) AMANAHRAYA TRUSTEES
1,981,000 AMANAHRAYA TRUSTEES
(333,100) DATO DR YU KUAN CHON
(3,000,000) EMPLOYEES PROVIDENT FUND BOARD
SHARES HELD
AFTER CHANGE
TRANSACTION
DATE
1,298,392,016
1,053,300,069
70,407,520
8/7
27, 28/6
& 11/7
5/7
128,358,320
17,412,502
907,626,776
113,869,232
94,480,389
277,179,905
276,466,505
157,754,800
8/7
8/7
8/7
11/7
11 - 13/7
5/7
8/7
5/7
128,613,100
116,483,500
288,639,623
249,087,213
638,702,100
484,536,178
79,757,127
402,357,173
137,417,755
66,366,300
119,340,188
119,070,988
43,897,800
1, 5, 8
& 11/7
8/7
30/6, 4, 5
& 11/7
5/7
8/7
8/7
8/7
5 & 8/7
8/7
5 & 8/7
8/7
5/7
8/7
5/7
5/7
131,953,900
222,131,900
48,039,900
211,517,400
487,154,310
19,331,361
1,667,644,904
29,381,000
30,627,047
5/7
4, 5 & 11/7
4, 5 & 11/7
8/7
8/7
1, 4 & 8/7
8/7
1, 3 & 10/7
8/7
281,544,100
8/7
88,623,100
139,222,500
8/7
1/7
508,386,630
514,307,000
8/7
8/7
859,570,782
435,215,200
8/7
8/7
646,154,231
128,575,721
134,404,303
715,274,747
401,600,691
5 & 11/7
5/7
8 & 12/7
8/7
8/7
141,574,749
69,660,700
102,153,300
52,210,600
Falling Asian tanker imports
A Reuters analysis shows Asian crude oil imports on tankers have fallen since March to
around 82 million tonnes.
8/7
5/7
Venezuela’s oil exports to Cuba drop in 1H2016
Venezuela’s falling oil output and financial woes have led to a 40% drop in crude exports
to cuba, which relies on Venezuela as its top energy supplier. An increase in deliveries
of redines products has fallen short of offsetting the decrease.
STOCK
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with
Bursa Malaysia.
Note: * denotes Ace Market
Local events to watch out for today
• The Asean-India Business Leadership
second outlet at Berjaya Times Square,
Conclave 2016 to be launched in Kuala
Lot No LG-19B-2, Lower Ground Floor,
Lumpur by the international trade and
Jalan Imbi, Kuala Lumpur at 11.30am.
industry ministry (Miti) and Indian High • Official launch ceremony of Penang
Commissioner to Malaysia at Royal
Hokkien — English dictionary at Sunway
Selangor Club, Jalan Raja, Kuala Lumpur
University (New Building), Lecture Theatre
from 10am to 11am.
5, Level 1, Bandar Sunway, Selangor at
• Hokkaido Baked Cheese Tart to open its
3.30pm.
Stocks closest to year low
Stocks closest to year high
AIRASIA
GBGAQRS
AIRASIAC31
TNLOGIS-WC
GOODWAY
MATRIX-CF
TGUAN-LA
SLV-C8
TNLOGIS
AXREIT
TENAGA-C29
MQREIT
HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
2.790
1.200
0.395
0.765
0.445
0.140
4.080
0.375
1.670
1.850
0.165
1.220
2.750
1.150
0.380
0.695
0.390
0.140
3.990
0.355
1.600
1.760
0.165
1.200
2.770
1.160
0.395
0.755
0.430
0.140
4.000
0.355
1.670
1.760
0.165
1.200
20239.8
2004.9
939.5
6555.6
6299
20
58
602
3317.1
845.8
300
1606.6
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.
STOCK
MATRIX-CF
CBIP-CC
E&O-C3
CIMB-C11
GAMUDA-C28
MAYBANKC19
MAYBANKC18
Y&G-WA
FBMKLCI-H53
HSI-H35
SUIWAH
SP500-H1
HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
0.140
0.070
0.050
0.085
0.075
0.070
0.050
0.260
0.010
0.130
2.500
0.420
0.140
0.035
0.045
0.070
0.075
0.060
0.040
0.260
0.005
0.120
2.350
0.395
0.140
0.040
0.050
0.080
0.075
0.065
0.040
0.260
0.010
0.125
2.500
0.395
20
100.2
600
1830.1
500
2687.6
9932.6
6
65
40.4
4.2
45
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
0.647
US
SWISS
BRIT CANADA BRUNEI S’PORE
AUST
M’SIA
CHINA
BANGL’H
DENM’K
UAE
INA
INDIA
JAPAN NORWAY
PHIL
QATAR
SAUDI SWEDEN
THAI
HK
0.720
0.706
0.540
0.932
0.969
0.969
0.943
2.8512
4.812
56.448
4.815
2.644
9,416
48.178
75.838
6.045
33.841
2.622
2.700
6.103
25.243
5.584
1.112
1.090
0.835
1.440
1.496
1.497
1.458
4.4051
7.435
87.212
7.439
4.085
14,548
74.436
117.169
9.339
52.284
4.051
4.172
9.429
39.001
8.627
7.755
EURO
1.545
US $
1.389
0.899
SWISS FR
1.417
0.917
1.020
STERLING £
1.851
1.198
1.333
1.306
CANADA $
1.073
0.695
0.773
0.757
0.580
BRUNEI $
1.032
0.668
0.743
0.729
0.558
0.962
SINGAPORE $
1.032
0.668
0.743
0.728
0.558
0.962
0.980
0.750
1.294
1.345
1.345
1.310
3.9600
6.684
78.400
6.687
3.672
13,078
66.914
105.330
8.395
47.001
3.641
3.750
8.476
35.060
0.766
1.321
1.373
1.373
1.337
4.0408
6.820
80.000
6.824
3.747
13,345
68.280
107.480
8.566
47.960
3.716
3.827
8.649
35.775
7.914
1.725
1.793
1.793
1.746
5.2783
8.909
104.500
8.914
4.895
17,432
89.191
140.395
11.190
62.647
4.854
4.999
11.298
46.732
10.337
1.039
1.040
1.012
3.0600
5.165
60.582
5.168
2.838
10,106
51.707
81.392
6.487
36.319
2.814
2.898
6.550
27.092
5.993
1.000
0.974
2.9438
4.968
58.281
4.971
2.730
9,722
49.743
78.301
6.241
34.940
2.707
2.788
6.301
26.063
5.765
0.974
2.9434
4.968
58.273
4.971
2.729
9,721
49.736
78.290
6.240
34.935
2.707
2.788
6.300
26.060
5.764
1.000
AUSTRALIA $
1.060
0.686
0.763
0.748
0.573
0.988
1.027
1.027
3.0223
5.101
59.835
5.104
2.803
9,981
51.070
80.389
6.407
35.871
2.779
2.862
6.469
26.758
5.919
MALAYSIA RM
0.351
0.227
0.253
0.247
0.189
0.327
0.340
0.340
0.331
1.0000
1.688
19.798
1.689
0.927
3,303
16.898
26.599
2.120
11.869
0.920
0.947
2.140
8.854
1.958
20.781
13.450
14.962
14.663
11.225
19.363
20.127
20.130
19.604
59.2500
1,173
100.059
54.944
1,576
125.609
703.231
54.483
56.114
126.819
524.573
116.038
1.772
1.147
1.276
1.250
0.957
1.651
1.716
1.716
1.671
5.0510
8.525
8.530
4.684
16,681
85.350
134.350
10.708
59.950
4.645
4.784
10.811
44.719
9.892
100 DANISH KRONER
20.768
13.442
14.953
14.654
11.219
19.351
20.115
20.118
19.593
59.2150
99.94
54.911
195,558
1,000.59
1,575
125.54
702.82
54.45
56.08
126.74
524.26
115.97
100 UAE DIRHAM
37.822
24.480
27.232
26.687
20.430
35.241
36.632
36.637
35.681 107.8373
182.00
2,135
182.11
1,822
2,868
228.61
1,280
99.16
102.13
230.82
954.74
211.19
1000 INA RUPIAH
0.106
0.069
0.076
0.075
0.057
0.099
0.103
0.103
0.100
0.3028
0.511
5.995
0.511
0.281
5.117
8.054
0.642
3.594
0.278
0.287
0.648
2.681
0.593
100 INDIA RUPEE
2.076
1.343
1.494
1.465
1.121
1.934
2.010
2.011
1.958
5.9180
9.988
117.165
9.994
5.488
157.410
12.546
70.240
5.442
5.605
12.667
52.395
11.590
100 CHINESE RMB
100 BANGLAD’H TAKA
100 JAPAN YEN
100 NORWEGIAN KRONER
100 PHILIPPINE PESO
1,172
195,674 1,001.183
356,134
19,544
1.319
0.853
0.949
0.930
0.712
1.229
1.277
1.277
1.244
3.7596
6.345
74.433
6.349
3.486
12,416
63.528
16.544
10.708
11.912
11.673
8.937
15.415
16.024
16.026
15.607
47.1700
79.612
934
79.659
43.742
155,779
797.060
1,255
7.970
2.788
44.622
3.457
3.561
8.047
33.286
7.363
559.855
43.375
44.673
100.963
417.622
92.380
2.955
1.913
2.128
2.085
1.596
2.753
2.862
2.862
8.4254
14.220
166.806
14.228
7.813
27,825
142.369
224.104
17.862
38.142
24.687
27.462
26.913
20.603
35.539
36.942
36.947
35.982 108.7494
183.543
2,153
183.652
100.846
359,146
1,838
2,893
230.548
100 SAUDI RIYAL
37.033
23.970
26.664
26.131
20.004
34.506
35.868
35.873
34.937 105.5887
178.209
2,090
178.314
97.915
348,708
1,784
2,809
223.847
1,253
97.094
100 SWEDISH KRONOR
16.386
10.606
11.798
11.562
8.851
15.268
15.871
15.873
15.458
46.7200
78.852
924.963
78.899
43.325
154,293
789.456
1,243
99.046
554.514
42.961
44.247
3.961
2.564
2.852
2.795
2.140
3.691
3.837
3.837
3.737
11.2949
19.063
223.616
19.074
10.474
37,302
190.857
300.428
23.945
134.058
10.386
10.697
24.176
17.909
11.591
12.894
12.636
9.674
16.687
17.345
17.348
16.895
51.0610
86.179 1,010.906
86.230
47.350
168,629
862.808
1,358
108.249
606.037
46.953
48.358
109.292
100 QATAR RIYAL
100 THAI BAHT
100 HK$
7.748
1,291
7.979
18.034
74.595
16.501
102.993
232.768
962.819
212.979
934.835
206.789
413.638
91.498
226.003
22.120
452.071
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
FUTURES . MONEY MARKET . COMMODITIES
Money market
Index futures
Index points
US Dollar
Long Rolls - KLCI futures
FKLI
Open Interest
USD Index
Index points
1,656.50 90000
18.00
1790
68000
4.75
94.25
1600
46000
-8.50
86.50
1410
24000
-21.75
78.75
1220
2000
-35.00
1980
Klibor
-4.00
(-2.00)
102.00
(Unch)
Implied interest rate (%)
95.955
4.5
(-0.261)
3.42
(-0.03)
3.5
Jan 4, 2010
2.5
71.00
Jan 4, 2010
Jul 14, 2016
FBM KLCI futures lower in
line with weaker cash market
Jul 14, 2016
FBM KLCI futures
INDEX AND FUTURES
CONTRACT
LAST
CHANGE
VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
The FBM KLCI futures contract on Bursa FBMKLCI 1,654.78 -5.61 189.9M
1,656.50
-2.00
4,760 38,202
-3,050
Malaysia Derivatives closed lower yesterday JUL 16
1,653.50
-1.50
100
459
44
in line with the weaker cash market. The AUG 16
SEP 16
1,647.50
-2.00
27
558
4
benchmark FBM KLCI closed 5.61 points DEC 16
1,636.00
-1.50
9
208
1
lower at 1,654.78.
TOTAL
4,896 39,427
-3,001
Spot month July 2016 and September 2016
BID
OFFER
CLOSE
decreased two points to 1,656.5 and 1,647.5 FUTURES ROLL OVER
-4.0
-4.5
-4.0
respectively; August 2016 and December JUL/AUG
2016 declined 1.5 points to 1,653.5 and 1,636 FUTURES FAIR VALUE
CONTRACT
DAYS TO EXPIRY
KLIBOR DIVIDEND FAIR VALUE
respectively.
16
16
2.30
0.97
1.33
Turnover declined to 4,896 lots from JUL
AUG 16
48
7.21
1.84
5.37
Wednesday’s 6,492 lots, while open interest ROLL’S FAIR
4.04
shrank to 39,427 contracts from 40,863
contracts previously.
Southeast Asian stock markets largely
closed lower yesterday ahead of a policy
meeting by the Bank of England later in Britain’s vote to leave the European Union.
the day where it was expected to cut rates
Vietnam shares fell 1.3%, down by financials
to ward off the risk of a recession following and consumer non-cyclicals. — Agencies
Commodities
Jul 14, 2016
‘Helicopter money’ talk
sinks yen
The yen sank across the board yesterday as
the upbeat mood on global stock markets
stretched into a sixth day and media reports
stoked speculation the Bank of Japan could take
steps to fund government spending directly.
Sterling jetted higher against the yen,
the US dollar and the euro after the Bank
of England blew out expectations it would
cut interest rates immediately to offset any
damage to the economy from last month’s
vote to leave the European Union.
The US dollar gained 1.1% to ¥105.62,
hitting its highest level since late June.
The New Zealand dollar also fell after
central bankers there said they would issue
an economic update before next month’s
policy meeting — an unusual step read
by some as a sign the Reserve Bank was
preparing to cut rates. — Reuters
1.5
Oct 1, 2000
CPO vs Soyoil
Open Interest
4200
200000
CPO RM/tonne
Soyoil US$/Ibs
Klibor
MONTH
6400
Gold
US$/bbl
US$/troy oz
0.7300
155.00
45.18
152500
5075
(RM0.313/tonne) 0.5475
121.25
2700
105000
3750
0.3650
87.50
1340
57500
2425
0.1825
53.75
1020
Jan 6, 2008
CHANGE
96.53
96.53
96.58
96.58
96.58
96.53
96.49
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
96.44
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
VOLUME
OPEN
INTEREST
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0
1980
3450
1200
SETTLEMENT
PRICE
JUL6
AUG6
SEP6
DEC6
MAR7
JUN7
SEP7
DEC7
MAR8
JUN8
SEP8
DEC8
MAR9
JUN9
SEP9
DEC9
MAR0
JUN0
SEP0
DEC0
MAR1
JUN1
TOTAL
Crude Oil
2,726
1950
Jul 14, 2016
CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.
CPO & Open Interest
CPO RM/tonne
Oct 2, 2006
2,249
(+27)
10000
1100
(+27)
Jan 6, 2008
Jul 14, 2016
0.0000
CPO futures
CONTRACT
JUL-16
AUG-16
SEP-16
OCT-16
NOV-16
LAST
2,280
2,274
2,249
2,240
2,238
CHANGE
-18
25
27
27
26
VOLUME
3
1,625
24,845
11,656
6,627
OPEN CHANGE IN
INTEREST OPEN INTEREST
681
12,685
78,191
55,388
46,356
1660
1,328.00
(-15.60)
2,249
Jul 14, 2016
Palm oil rises tracking
higher China, US oils
(+0.43)
-203
-2,494
-14,497
-343
-1,143
Malaysian palm oil futures rose yesterday on
short-covering and tracking higher China
and US oil prices.
CPO/SOYOIL
Benchmark palm oil futures for September CPO FUTURES
FUTURES BASIS (USD)
delivery on Bursa Malaysia Derivatives ended INDICATIVE ROLL-OVER CURRENT
-127.35
JUL/AUG
6
1.2% or RM27 higher at RM2,249 a tonne, JUL/SEP
3 MONTHS AVERAGE
-79.24
31
reversing losses made earlier in the session. JUL/OCT
6 MONTHS AVERAGE
-79.61
45
Traded volumes stood at 52,219 lots of 25 AUG/SEP
25
tonnes each on Wednesday evening, lower SGS & ITS EXPORT ESTIMATES (TONNES)
SHIPMENT DAYS
APR’16
MAY’16
JUN’16
than the 2015 average of 44,600.
305/321
404/391
362/368
The September contract for soybean 1 - 10TH DAYS
500/484
575/563
555/566
oil, a substitute for palm oil, on the Dalian 1- 15TH DAYS
DAYS
724/738
792/786
711/717
Commodity Exchange gained 1.2%, while 11 -- 20TH
25TH DAYS
883/890
982/965
881/873
the most actively traded September contract FULL MONTH
1,088/1,109
1,252/1,233 1,111/1,130
for palm olein rose 1.6%.
MALAYSIAN PALM OIL BOARD
MAR’16
APR’16
MAY’16
JUN’16
Sentiment was supported by overseas
1,220
1,301
1,364
1,533
markets, a trader based in Kuala Lumpur said, PRODUCTION
1,334
1,165
1,282
1,132
adding that there was some technical buying. EXPORT
STOCKS
1,885
1,800
1,645
1,776
“The market is trying to consolidate
MPOB Palm oil physical
around this level,” said another trader.
JUL’2016
AUG’2016
SEP’2016
“The top side is limited. With tapering (IN RM/TON)
DELD
2,287
2,250
2,233
demand and better production, a downward CPO
PK EX-MILL
2,367
2,360
2,310
bias market is expected,” said Lingam CPKO DELD
4,869
4,861
4,795
Supramaniam, director of Pelindung Bestari RBD P.OIL FOB
2,350
2,333
2,294
at Port Klang.
RBD P.OLEIN FOB
2,390
2,364
2,306
2,295
2,300
2,262
Palm oil prices fell to a 10-month low RBD P.STEARIN FOB
on Tuesday. The Malaysian market is also MPOB FFB REF PRICE (MILL GATE PRICE)
GRADE A
GRADE B
GRADE C
expected to take its cue from palm oil REGION
OER (RM/TON)
OER(RM/TON)
OER (RM/TON)
shipment data that cargo surveyor Intertek NORTH
20.00% 520
19.00% 498
18.00% 476
Testing Services will release today.
SOUTH
20.00% 524
19.00% 501
18.00% 479
20.00% 523
19.00% 501
18.00% 478
China is the world’s second-largest palm CENTRAL
oil consumer after India. US soyoil futures EAST COAST 20.00% 521 19.00% 499 18.00% 476
SABAH
22.00% 501
21.00% 481
20.00% 461
rose 1.7%. — Reuters
SARAWAK
22.00% 509
21.00% 488
20.00% 467
20.00
Apr 10, 2007
700
Jul 14, 2016
Oil bounces after big losses
but glut persists
Oil prices bounced back around 50 US cents
a barrel from sharp losses yesterday as the US
dollar eased, but brokers said the downtrend
could resume soon as record-high stocks
and worries over slowing economic growth
dampened sentiment.
Benchmark Brent crude futures was up
46 US cents at US$46.72 a barrel, while US
West Texas Intermediate crude futures was
up 43 US cents at US$45.18.
Both crude oil benchmarks moved up
swiftly as the US dollar slipped after the Bank
of England decided unexpectedly to keep
UK interest rates unchanged in the wake
of the country’s vote last month to leave the
European Union.
Tamas Varga at London brokerage PVM
Oil Associates said the rally in oil was a
response to the weaker US dollar, but he
said the rise could be short-lived. — Reuters
Centrifuged Latex
Aug 31, 2008
Commodities
AGRICULTURE
UNIT
EXCHANGE
RM/TON
SEN/KG
USC/BSH
USC/BSH
USC/BSH
USC/IBS
US$/TON
USC/IBS
USC/IBS
USC/IBS
MDEX
MRB
CBOT
CBOT
CBOT
CME
NYBOT
NYBOT
NYBOT
NYC
2,249
503.50
368.00
1,130.00
426.25
110.35
3,155
149.95
20.06
73.00
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
17,900
-90
2.2405 0.0005
1,328.00 -15.60
1,084.20 -13.00
638.00
-7.25
20.20
-0.19
12,700
75
16,990
-35
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
45.18
0.43
1.4211 0.0153
2.707
0.000
46.72
0.46
409.25
5.50
CRUDE PALM OIL
RUBBER
CORN
SOYBEANS
WHEAT
LIVE CATTLE
COCOA
COFFEE
SUGAR
COTTON
27
-3.00
2.25
2.00
1.25
2.55
12
2.30
0.31
0.22
METAL & PRECIOUS METALS
TIN
COPPER
GOLD
PLATINUM
PALLADIUM
SILVER
ALUMINIUM
ZINC
ENERGY
Sen/Kg
1100
1700
900
1325
423.50
950
(-0.50)
500
503.50
(-3.00)
575
300
Jan 7, 2007
LAST PRICE CHANGE
Rubber - M’sia SMR 20
Sen/Kg
700
Jul 14, 2016
200
Jul 14, 2016
Jan 7, 2007
Jul 14, 2016
Markets
32
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 ROUNDUP
I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5
RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com]
KLCI 1,654.78
FBM ACE 5,412.09
5.61
FTSTI 2,906.92
80.20
3.73
NIKKEI 16,385.89
154.46
HANG SENG 21,561.06
STOCK
Index point
KLCI futures
1,656.50
(-2.00)
KL Composite Index
1,654.78
(-5.61)
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
HIAPTEK
AAX-WA
HIAPTEK-WB
HIAPTEK-WA
UEMS
IFCAMSC
AMEDIA
AAX-CV
XINQUAN
PESONA
MAYBANKC18
EAH
OLYMPIA
SEM
HIAPTEK-LA
KANGER
VOLUME
('000)
CHANGE
(%)
CHANGE
(RM)
CLOSE
(RM)
HIGH
(RM)
LOW
(RM)
75,169
63,085
59,370
53,203
22,322
19,395
19,117
13,443
12,459
10,303
9,933
8,547
8,422
8,407
8,051
7,322
15.91
5.17
25.00
77.78
0.00
10.31
20.00
5.00
2.70
2.74
-20.00
6.25
0.00
0.75
3.85
1.69
0.035
0.015
0.020
0.035
0.000
0.050
0.020
0.005
0.005
0.010
-0.010
0.005
0.000
0.010
0.010
0.005
0.255
0.305
0.100
0.080
1.090
0.535
0.120
0.105
0.190
0.375
0.040
0.085
0.105
1.350
0.270
0.300
0.255
0.310
0.100
0.085
1.120
0.540
0.135
0.105
0.200
0.390
0.050
0.085
0.115
1.350
0.270
0.305
0.225
0.285
0.085
0.045
1.070
0.480
0.100
0.095
0.180
0.365
0.040
0.080
0.100
1.330
0.265
0.295
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.
1,654.78
(-5.61)
1667.5
FBM KLCI down with CIMB,
Maybank after BNM rate cut
1,640.91
1385.0
1102.5
820.0
Jan 2, 2008
Jul 14, 2016
900
600
300
0
Volume (’mil)
FBM KLCI futures
CONTRACT
SETTLEMENT
JUL 16
AUG 16
SEP 16
CHANGE
1,656.50
1,653.50
1,647.50
-2.00
-1.50
-2.00
HIGH
LOW
1,662.50
1,657.50
1,652.50
1,656.50
1,652.00
1,647.00
FBM KLCI sensitivity*
KLCI
POINTS
GENTING
GENTING MALAYSIA
YTL CORPORATION
PUBLIC BANK
SAPURA-KENCANA
K.LUMPUR KEPONG
HAP SENG CONSOLIDATED
AXIATA GROUP
KLCC PROPERTY REIT
PETRONAS GAS
PPB GROUP
AMMB HOLDINGS
SIME DARBY
IOI CORPORATION
CIMB GROUP
MAYBANK
SUB-TOTAL
OTHERS
GRAND TOTAL
CHANGE
(RM)
0.87
0.59
0.36
0.26
-0.20
-0.21
-0.28
-0.29
-0.30
-0.33
-0.35
-0.55
-0.63
-0.75
-1.58
-1.65
-5.04
-0.57
-5.61
0.140
0.060
0.020
0.040
-0.020
-0.120
-0.070
-0.020
-0.100
-0.100
-0.180
-0.110
-0.060
-0.070
-0.110
-0.100
CLOSE
(RM)
8.540
4.420
1.680
19.440
1.440
23.120
7.700
5.480
7.600
22.100
16.500
4.330
7.580
4.320
4.210
8.020
VOLUME
('000)
6532.4
3689.9
8290.6
6951.8
4847.5
926.3
4581.5
6691.8
871.0
1174.3
550.8
3464.8
4777.3
5048.2
21212.8
14249.8
* How stock price changes affected the index on the previous trading day
11.87
4.50
STI 2840.93
48.20
RM/USD 4.0250
CPO RM2358.00
35.00
OIL US$50.18
0.43
GOLD US$1320.60
6.30
PP 9974/08/2013 (032820)
FINANCIAL
DAILY
MAKE
BETTER
DECISIONS
EVERY
FRIDAY!
Peter Bellew
Khazanah picks COO to replace
Mueller as airline chief
4 HOME BUSINESS
The Edge Property
pull-out inside.
TURNOVER
(‘000)
HIAPTEK
AAX-WA
AAX
HIAPTEK-WB
HIAPTEK-WA
BORNOIL
HSI-H33
ARMADA
HSI-C21
UEMS
CIMB
AIRASIA
IFCAMSC
AMEDIA
SANICHI
VIVOCOM
KNM
MAYBANK
MEXTER-WA
AAX-CV
75,169.3
63,084.5
59,924.5
59,370.2
53,202.8
39,024.0
27,592.1
26,785.5
24,220.8
22,322.2
21,212.8
20,239.8
19,394.5
19,117.0
16,552.5
15,606.3
15,494.6
14,249.8
13,478.1
13,443.0
CHANGE
(RM)
0.035
0.015
0.005
0.020
0.035
UNCH
-0.050
-0.005
0.050
UNCH
-0.110
0.020
0.050
0.020
0.010
-0.010
-0.005
-0.100
-0.020
0.005
CHANGE
(%)
15.91
5.17
1.25
25.00
77.78
UNCH
-19.61
-0.67
40.00
UNCH
-2.55
0.73
10.31
20.00
6.06
-3.70
-1.23
-1.23
-12.90
5.00
PRICE
(RM)
0.255
0.305
0.405
0.100
0.080
0.185
0.205
0.740
0.175
1.090
4.210
2.770
0.535
0.120
0.175
0.260
0.400
8.020
0.135
0.105
PE
RATIO
—
—
—
—
—
16.97
—
—
—
23.85
11.90
6.05
34.15
—
16.02
18.62
31.64
11.87
—
—
DIVIDEND
YIELD (%)
1.36
0.00
0.00
0.00
0.00
0.00
0.00
1.10
0.00
1.47
3.24
1.45
2.06
0.00
0.00
0.00
0.00
6.65
0.00
0.00
Top gainers and losers (ranked by RM)
UP
CLOSE
CHANGE
(RM)
DLADY
DIN040000223
DIN042300721
AJI
DIN045801028
DKSH
NESTLE
HEIM
BAT
BAHVEST
AJIYA
CCB
60.800
100.800
102.450
13.540
101.500
4.250
77.000
17.020
54.200
0.940
4.220
3.300
0.800
0.500
0.450
0.360
0.300
0.300
0.240
0.220
0.200
0.190
0.180
0.140
UTDPLT
AHEALTH
PPB
SOP
UOADEV
PANAMY
MANULFE
KOSSAN
CARLSBG
TAKAFUL
AMTEL
AMBANK
HIAPTEK-WA
INIX-WA
HSI-C21
AMEDIA-WA
JTIASA-CH
TIGER-WC
IOIPG-CK
MMCCORP-C1
PUC-WB
JTIASA-CJ
0.080
0.015
0.175
0.020
0.020
0.020
0.170
0.065
0.025
0.025
77.78
50.00
40.00
33.33
33.33
33.33
30.77
30.00
25.00
25.00
VIS-WA
HSI-H27
CIMB-C10
SUPERMX-C12
NEXGRAM-WA
MAYBANKC18
EKA-WA
HSI-H33
E&O-C3
ARMADA-C9
DOWN
CLOSE
CHANGE
(RM)
26.540
3.740
16.500
3.620
2.330
32.500
2.760
6.610
14.500
4.080
0.660
4.330
-0.260
-0.220
-0.180
-0.170
-0.160
-0.140
-0.130
-0.130
-0.120
-0.120
-0.120
-0.110
0.010
0.090
0.010
0.010
0.020
0.040
0.020
0.205
0.050
0.025
-33.33
-33.33
-33.33
-33.33
-20.00
-20.00
-20.00
-19.61
-16.67
-16.67
KUALA LUMPUR: The FBM KLCI fell 5.61 points or 0.3%
to 1,654.78 yesterday, as investors sold banking shares like
CIMB Group Holdings Bhd and Malayan Banking Bhd
(Maybank) after Bank Negara Malaysia (BNM) cut the
overnight policy rate (OPR) to 3% from 3.25%.
Banking shares fell on the OPR cut in anticipation that lower
interest rates will affect banks’ profitability. CIMB shares fell 11
sen to RM4.21, while Maybank dropped 10 sen to RM8.02.
The FBM KLCI fell despite better performance across Top gainers and losers (ranked by percentage)
Asian share markets. Japan’s Nikkei 225 climbed 0.95%, while
UP
CHANGE
DOWN
CHANGE
Hong Kong’s Hang Seng Index increased 1.12%.
CLOSE
(%)
CLOSE
(%)
Reuters reported that Asian shares hovered near eightHBGLOB
0.040
300.00
CBIP-CC
0.040
-50.00
month highs yesterday as investors bet the Bank of England
0.085 142.86
HSI-H25
0.015 -40.00
will cut interest rates to ward off the risk of recession UOADEV-CU
ECOWLD-CC
0.035 133.33
VIS-WA
0.010 -33.33
following Britain’s vote to leave the European Union.
HIAPTEK-WA
0.080
77.78
HSI-H27
0.090 -33.33
Kenanga Investment Bank Bhd research head Chan Ken INIX-WA
0.015
50.00
CIMB-C10
0.010 -33.33
Yew told theedgemarkets.com the FBM KLCI’s fall indicated HSI-C21
0.175
40.00
SUPERMX-C12
0.010 -33.33
0.020
33.33
NEXGRAM-WA
0.020 -20.00
that the index was still capped, having corrected after closing AMEDIA-WA
JTIASA-CH
0.020
33.33
MAYBANKC18
0.040 -20.00
at a high at 1,660.39 points.
0.020
33.33
EKA-WA
0.020 -20.00
“The index is still trapped in range bound trading below TIGER-WC
IOIPG-CK
0.170
30.77
HSI-H33
0.205 -19.61
the 1,665 mark, and it will continue in the near term. Volatility MMCCORP-C1
0.065
30.00
E&O-C3
0.050 -16.67
has been low, and this is usually not sustainable.
BAHVEST
0.940
25.33
ARMADA-C9
0.025 -16.67
Bursa Malaysia saw 1.58 billion shares valued at RM1.89
billion traded. Decliners edged out gainers at 383 against 382. Top gainers and losers - warrants (ranked by percentage)
The leading decliner was United Plantations Bhd, while
UP
CHANGE
DOWN
CHANGE
Dutch Lady Milk Industries Bhd headed gainers. — by
CLOSE
(%)
CLOSE
(%)
Ahmad Naqib Idris
UOADEV-CU
0.085 142.86
CBIP-CC
0.040 -50.00
ECOWLD-CC
0.035 133.33
HSI-H25
0.015 -40.00
World equity indices
DOW JONES
S&P 500
NASDAQ 100
FTSE 100
AUSTRALIA
CHINA
HONG KONG
INDIA
I want an edge!
FBM KLCI 1654.08
24.45
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES
FBM KLCI & KLCI futures intraday
DOW JONES 18,372.12
Market movers
There is nothing like music to relieve the
soul and uplift it. — Mickey Hart
1663
1662
1661
1660
1659
1658
1657
1656
1655
1654
1653
238.69
CLOSE
CHANGE
18,372.12
2,152.43
4,565.77
6,670.40
5,411.61
3,054.02
21,561.06
27,942.11
24.45
0.29
-11.84
-10.29
23.07
-6.67
238.69
126.93
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3.22
12.12
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8.61
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Salcon ventures
into Australia with
planned A$230m
residential project
Civil servants’
wages exceeded
budget in
2015
— World Bank
5 HOME BUSINESS
Johan Abdullah
assumes role as
Tabung Haji’s
new chief
6 HOME BUSINESS
Bursa ends 1H16
flat after short-lived
optimism
It has been the trend for three consecuti
consecutive
ive years
in Malaysia and the excess gap is widening.
Ahmad Naqib Idris has the story on Page 5.
13 HOME
Guan Eng pleads not
guilty in graft case
Delivery address
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16 COMMENT
Indonesian banks’
double amnesty
‘Steel King’ to hand over
reins to China partner?
17 WORLD BUSINESS
Soros says Brexit
has ‘unleashed’
financial crisis
Tan Sri William Cheng
Contact no.
4 HOME BUSINESS
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TEP
2
NEWS HIGHLIGHTS from TheEdgeProperty.com
KENNY YAP/ TheEdgeProperty.com
MAHB and AREA to
develop RM436m tech
park in Subang
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EDITORIAL
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Chief Operating Officer Lim Shiew Yuin
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Malaysia Airports Holdings Bhd
(MAHB) has tied up with AREA Management Sdn Bhd (AREA), the project management company of AREA
Industrial Development Fund 1 (AIDF
1), to develop a technology park with
a gross development value (GDV) of
RM436 million.
MAHB and AREA exchanged a
Memorandum of Business Exploration (MoBE) at the Farnborough
International Airshow 2016 to develop the 60-acre Grade A Technology
Park next to the Sultan Abdul Aziz
Shah Airport in Subang, Selangor.
The park will focus on aerospace
manufacturing and component MRO
(manufacturing, repair and overhaul) and cater for suppliers of the
aerospace industry wishing to set
up manufacturing plants or supply
operations adjacent to the airport.
The project is part of the development of the aerospace ecosystem in Subang which is also aligned
to the development of the recently-launched KLIA Aeropolis.
“I am pleased to say that with this
project we are on track with our goals
to meet AREA’s vision of developing
Grade A industrial assets in Malaysia
to attract clients from the growing
aerospace sector, a sector I believe
is core to our investment platform,”
AREA executive chairman Datuk
Stewart LaBrooy said on Tuesday.
Berjaya Assets confirms
sale of Imbi land
Berjaya Assets Bhd (BAssets) has
appointed an exclusive marketing
Bank Negara cuts OPR
by 25bps
Mah Sing’s Cerrado Residential Suites
draws 7,500 registrants
Mah Sing Group Bhd’s upcoming
launch of Cerrado Residential Suites
at Southville City, Bangi, has attracted
7,500 registrants, due to the “compelling” prices of the units which largely
fall below RM500,000, said chief sales
officer James A Bruyns.
The project, set to be launched on
July 23, was open for registration a
few months ago, and received good
response from the market, he told reporters on Monday.
“Registrants are an indication of
interest. While there is no guarantee
whether they will buy or not, the interest is there. So far, we’ve generated
about 7,500 registrants,” he said.
Cerrado Residential Suites follows
the launch of Savanna Executive Suites
— which is almost fully sold — and caters for strong market demand, Bruyns
added.
“There are more people looking
for smaller and affordable units, so
we came up with Cerrado, which comprises 656 and 825 sq ft of units,” he
explained.
The selling price of most of the units
are below RM500,000. For Bumiputera
buyers, prices are RM360,000 onwards,
and RM380,000 onwards for non-Bumiputera buyers.
agent for the sale of a piece of freehold land in Kuala Lumpur city’s
Imbi area.
The 41,990 sq ft plot located next to
the integrated Berjaya Times Square
commercial development at the intersection of Jalan Imbi and Jalan Pudu
was acquired 22 years ago.
In a filing with Bursa Malaysia
on Tuesday, BAssets said its wholly-owned subsidiary Berjaya Times
Square Sdn Bhd has appointed Jordan Lee & Jaafar Sdn Bhd as its exclusive marketing agent for the proposed land sale by way of expression
of interest, which is a non-binding
arrangement.
"[An] appropriate announcement
on the said proposed sale will be
made should a definitive agreement
be entered into," it added.
Bank Negara Malaysia (BNM) has
cut its key interest rate to 3% from
3.25% presently, the first cut since
February 2009. The last time the
overnight policy rate (OPR) was reduced was in response to the 20082009 global financial crisis.
In a statement on Wednesday,
the central bank warned that there
are increasing signs of moderating
growth momentum in major economies going forward.
"The adjustment to the OPR is
intended for the degree of monetary accommodativeness to remain
consistent with the policy stance to
ensure that the domestic economy
continues on a steady growth path
amid stable inflation, supported by
continued healthy financial intermediation in the economy," it said.
BNM added that the ceiling and
floor rates of the corridor for the
OPR are correspondingly reduced
to 3.25% and 2.75% respectively,
following the OPR adjustment.
"The global economy continues
to record growth at a more moderate
pace, across major advanced and
emerging market economies," it said.
BNM said global growth prospects have become more susceptible to increased downside risks
in light of possible repercussions
from Brexit.
"International financial markets
could also be subject to greater volatility going forward. In this light,
global monetary conditions are expected to remain highly accommodative," the central bank explained.
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LAUNCHES + E V E N T S
IJM Land’s Jom Raya Sinar
Bukit Kiara Properties Hari
Raya Open House
Date: July 17 (Sun)
Time: 4pm to 7pm
Venue: Bandar Rimbayu Sales
Date: July 16 and 17 (Sat and Sun)
Time: 10am to 5pm
Venue: Verve Suites @ KL South,
Gallery, No 1, Jalan Flora
3, Bandar Rimbayu, Telok
Panglima Garang, Selangor
Contact: 1 700 81 8686
Jalan Klang Lama, Kuala Lumpur
Contact: (03) 7980 8999
Get ready for the slide of your
life! The City Slide is going to
take you on an unforgettable
journey through Eco Sanctuary
in the Klang Valley.
Bukit Hitam Devt’s Hari Raya
Open House
IJM Land Bhd will be organising
a get together in conjunction
with the Raya celebrations.
There will be Malaysian artists
performing such as Ziana Zain,
M Nasir and Siti Nordiana.
EcoWorld’s Slide The City
Date: July 16 and 17 (Sat and Sun)
Time: 10am to 5pm
Venue: EcoWorld Gallery @
Eco Sanctuary, Lot 41296,
Persiaran Eco Sanctuary, Telok
Panglima Garang, Selangor
Contact: (03) 3344 2525
If you have any real estate-related events, email us at propertyeditor@bizedge.com.
Events listed here will also appear on TheEdgeProperty.com.
Date: July 16 (Sat)
Time: 11.30am
Venue: Bukit Puchong
Gallery, Lot 59244, Jalan BP
7/15, Bandar Bukit Puchong,
Puchong, Selangor
Contact: (03) 7710 3288
Bukit Hitam Development
will be organising a Hari Raya
open house with activities
such as a giant snakes and
ladders game, parachute
game, and bubble shows.
There will also be a delectable
spread awaiting visitors.
Bukit Kiara Properties invites
its customers and the public
to celebrate this festive season
at Verve Suites @ KL South.
MCT Bhd’s Hari Raya
Open House
Date: July 17 (Sun)
Time: 11am to 5pm
Venue: Lakefront Sales Gallery
Contact: (019) 410 9988
MCT Bhd’s Raya open house
will feature performances such
as gamelan and jazz as well as
henna tattoo and batik painting
activities to celebrate the festive
season. Those interested please
RSVP to the number above.
HOMEs Home Living
Exhibition
Date: July 15 to 17 (Fri to Sun)
Time: 11am to 9pm
Venue: Level CP3, Sunway
Pyramid Convention Centre
Contact: (012) 388 1237
The home expo will feature
a variety of products such as
home and kitchen electrical
appliances, interior design,
kitchen cabinets, TV cabinets
and wardrobes. Visitors
will get a free gift with a
minimum purchase of RM500
and first two hours free
parking with any purchase.
Archidex 2016
Date: July 20 to 23 (Wed to Sat)
Time: 10am to 7pm
Venue: Kuala Lumpur
Convention Centre
Contact: (03) 7982 4668
Archidex 2016 (International
Architecture, Interior Design
and Building Exhibition), jointly
organised by the Malaysian
Institute of Architects (PAM)
and CIS Network Bhd, brings
together Southeast Asia’s
fraternity of architects,
interior designers, developers,
urban planners, engineers,
academicians, students and
various related industry
professionals. Admission is free
but registration is required.
FR IDAY JU LY 1 5 , 20 16 • T HE E DG E FINA NCIA L DA ILY
TEP
3
N EWS
Property market still
slow and outlook
seems uncertain
SHAHRIN YAHYA / TheEdgeProperty.com
HARIS HASSAN / TheEdgeProperty.com
BY R AC H E L CHEW
THE CURRENT slowdown in the
property market doesn’t look like
it will pick up anytime soon. In
fact, the outlook seems rather uncertain for the Malaysian property
industry.
“If the economy continues to
be gloomy, the property market
will likely be slow and soft,” Valuation and Property Services Department (JPPH) director-general
Datuk Faizan Abdul Rahman tells
the TheEdgeProperty.com.
According to Faizan, the property
market hinges on market sentiment.
“The economy, politics, and even
the recent Brexit in UK have an indirect impact on sentiment. It is also
among the reasons that caused the
drop in transactions in all property
sectors in the first quarter of 2016,”
Faizan says.
Based on 1Q2016 data, the overall
market performance had softened in
1Q2016. Both volume and value of
transactions recorded double-digit
contraction against 1Q and 4Q2015.
With the exception of the agricultural sub-sector, all other sub-subsectors were on the downtrend.
“The residential sub-sector,
which has been contributing the
lion’s share of the market, influenced the overall performance.
The residential market for the major states (Kuala Lumpur, Johor,
Selangor and Penang) recorded a
decline in transaction volume of
between 16.7% and 24.4%. In tandem with the market slowdown,
residential overhang increased by
8.4% from end-2015, says Faizan.
Faizan:
If the
economy
continues
to be
gloomy, the
property
market will
likely be
slow
Hence, he believes the current
market is a typical buyers’ market.
“Buyers have more choices now.
They can afford to spend a little
more time to find the best deal.
We have also seen many affordable
housing projects launched to cater
to buyers’ interest,” Faizan adds.
As for the office market, it is even
more subdued.
“In the first half of 2016, there
were fewer oil and gas players in
the office market — they have been
very important to the office market
in the past five years,” says Savills Malaysia executive chairman
Christopher Boyd on the Kuala
Lumpur office market. Generally,
he says the KL office market is still
soft and slow-moving, lacking in
big transactions.
“It could be good news or it
could be bad news that we haven’t seen any big movement on
the charts so far this year,” he says.
However, he expects a slight improvement in 2017 due to the limited supply ahead.
“There will be less supply (of
offices) in 2017 so the current stagnant situation may improve. Never-
Boyd: The
KL office
market is
still soft
and slowmoving,
lacking
in big
transactions
theless, more supply is coming on
stream in 2018, many which offer
modern and green designs.
“No one can foresee what will
happen two years from now. It depends on the overall economic situation,” he adds.
Faizan and Boyd will be speaking at the Malaysian Property Summit — Mid-Year Review 2016 on
July 27 (Wednesday) at the Sime
Darby Convention Centre in Kuala Lumpur.
Faizan will give an overview of
the Malaysian Property Market for
the First Half of 2016 while Boyd will
be sharing his views on the Office
Market Performance and Outlook.
The event is organised by The Association of Valuers, Property Managers, Estate Agents and Property
Consultants in the Private Sector
of Malaysia (PEPS).
TheEdgeProperty.com and The
Edge Media Group are the media
partners.
Go to TheEdgeProperty.com
to enter a contest to win tickets
worth RM1,088 to the summit!
World Environment Day photo competition judges shortlist the best photos
SAM FONG / TheEdgeProperty.com
BY TA N AI L E N G
PETALING JAYA: Judges for the
S P Setia Bhd and TheEdgeProperty.com World Environment Day photo competition
(Photocomp) had a tough time
choosing the top five photos at
a judging session yesterday.
The photos had to come with
captions that best described the
contest theme — “A Better World
That Is Close To Nature”.
The judges were S P Setia Bhd head
of group branding and communications
Adelene Wong, illustrator Latfy Anuar Latif,
TheEdgeProperty.com editor Lam Jian Wyn
and contributing editor Sharon Kam.
Latfy, popularly known as Dr Lat, is the
author of a childrens’ colouring comic book
titled “My better world — The Adventures
of Eco Eco”. The colouring book was part of
S P Setia’s corporate social responsibility
programme in educating children to appreciate and conserve the environment.
Wong said through
this competition, the organisers aspire to help
drive home not only the
beauty and importance
of Mother Nature but,
more significantly, the
message that all of us
must never take the environment for granted.
Lam said the contest,
which ran from June 5 to
30, attracted over 200 entries via Instagram, Facebook and TheEdgeProperty.
com’s website.
“The photos went through a public
online voting system. The top 50 photos then came under the scrutiny of the
judges who decided on the top five photos with captions that best matched the
chosen theme,” she added.
The winners will be announced at a
prize-giving ceremony to be held in the
coming weeks.
From left: Kam, Lam, TheEdgeProperty.com director of product and business development Alvin Ong, The
Edge Property Sdn Bhd managing director Au Foong Yee, Wong, Latfy and S P Setia Bhd group branding and
communications assistant manager Jocelyn Lee sharing their views on the photo entries before the judging
session began.
TEP
4
P ROPERT Y C H AT
The power of quality service
Koharu Resort
cause of its consistently high service
rating by customers.
BY AU FOONG Y EE
I
t was yet another hot and humid afternoon on May 25. Datuk NK Tong was in his office
in Kuala Lumpur’s Mont’Kiara
when an email flashed on his
computer.
The message was short, but sweet.
The Koharu Resort Hotel & Suites had
been awarded the coveted Certificate
of Excellence by TripAdvisor!
Koharu Resort Hotel & Suites in
Hakuba, Japan is Bukit Kiara Properties Sdn Bhd’s (BKP) first foray
overseas. This ¥1.8 billion (RM66.8
million) development lies in the popular Japanese ski hub of Hakuba in
Nagano, one of the host venues of
the 1998 Winter Olympics.
Tong, group managing director of
BKP (pictured), has every reason to
be thrilled. TripAdvisor’s Certificate
of Excellence is awarded to hospitality businesses that have consistently
received rave reviews by travellers for
delivering superior customer experience the past year.
Despite being relatively new and
a modest-sized outfit, Koharu Resort
has received the thumbs up — all be-
Quality service key to a
developer’s success
Quality service or customer experience is no longer the lifeline of
the hospitality industry alone. In
Malaysia, it is a distinct differentiator for property developers who
want to stand out in a challenging
environment.
What is quality service? Who sets
the benchmark? It has to be the customer, of course.
The traditional principle of merely meeting customer expectations is
archaic. Quality customer service is
now about exceeding expectations.
Wowing your customers like they
have never been wowed before and
we are not talking about the application of mere pure fluff disguised
under public relations.
It is certainly not about the customer always being deemed right. But
engaging with him/her and building
a steadfast and ongoing relationship.
This engagement process starts even
before the customer decides to buy a
property and right through to signing
on the dotted line, taking vacant possession of the property and beyond.
When was the last time you
walked into a developer’s show
A 30 sq m
studio unit
at Koharu
gallery? Did the doorman (assuming there’s one) greet you
with a smile? Did members of the
sales team immediately look up
from what they were doing and
give you a warm smile that made
you feel right at home? Or maybe
they assumed you were happy to
idle away on your own among the
imposing project models while
they watched from a distance —
which made you wonder whether it was because you were clad
in shorts? Or that you were not
brandishing an expensive watch sionally trained in product knowlon your wrist?
edge? Or were they clearly there
Were the sales personnel profes- merely because they were rostered
for duty that day?
Let’s move on to property exhibitions — a popular occurrence these
days. It is intriguing why some deREGISTRATION FOR EXPRESSION OF INTEREST (EOI)
velopers choose to invest in these
shows only to showcase staff who
display nonchalance.
TANJUNG ARU ECO DEVELOPMENT (TAED)
Some developers appoint property agents to man exhibition booths. I
MAIN WORKS CONTRACTORS
have tried asking agents questions on
Tanjung Aru Eco Development Sdn Bhd invites suitably qualified construction companies & consortia
the project showcased but I did not
to register their interest as the lead design & construction contractor for the construction of a new 350
get all the answers sought.
hectares integrated development located in Kota Kinabalu in Sabah, Malaysia.
As a consumer, I would have been
Companies and consortia must be able to demonstrate their relevant project experience by including a
more
assured of the project had a
schedule of completed and current projects, including the design & construction of the following works
representative of the developer been
categories below:
present, at least.
Works
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
Hoarding & Site Clearance;
Land reclamation (approx. 240 hectares)
Revetments & sea edge treatments;
Inflatable weirs;
Civil & structural works including roads, paths and pedestrian & vehicular bridges;
Drainage, water supply & sewer;
Electrical supply & telecoms;
Services alterations and diversions;
Construction of a world class Park and Beach
Construction of ancillary structures such multi-storey car park, public toilets, change rooms, food
kiosks, etc.;
11) Construction of utility buildings such as electrical PMU, sewerage pump rooms and the like;
12) General hard & soft landscaping, including tree transplanting, feature lighting, water features & play
spaces;
13) External signage.
Companies &/or consortia registering their interest must be able to demonstrate they will include local
content that is Malaysian CIDB registered with a Grading of G3 or above.
EOI Response Requirements
EOI responses must include the following minimum information for individual companies and include,
where applicable, each principal consortia partner:
•
Name & full contact details of company or lead consortia member
•
Ownership, structure, registrations and history
•
Statement of solvency together with support letter by bank
•
Track record with projects including works as scheduled above
•
Capability and sustainability credentials
•
Approach to including local content with sub-contractors and / or partners with CIDB Malaysia
registration and grade category (G3-G7)
•
Staffing size together with organizational chart
•
In-house resources detail including plant and equipment
•
Three Client / Project reference letters including contact details for follow up
All submissions must be in English.
Electronic submissions only should be received no later than 5pm )ULGD\ th JXO\ 2016 by email to
taedsb@gmail.com
Exclusive Marketing Consultants
Stay connected
Customer relationship managers
who act as mere complaint bureau
heads should be retired. They need
to be proactive, not reactive. Buyers
are entitled to feel important. They
expect to be kept informed of the
construction progress, on top of
other forms of constant communication with the developer.
For me, the process of handing
over a property must be the most
telling of the level of a developer’s
customer service.
Some developers choose to rush
through the process while others
take pains to dote on the buyer, the
buyer’s comments and feedback.
What the developer does and
does not do at this stage of the relationship with the buyer will stay
in the minds of the latter for a long
time.
A happy and satisfied buyer is a
developer’s best ambassador.
Au Foong Yee is managing director/
editor-in-chief of The Edge Property
Malaysia. She has been tracking and
writing about real estate for more
than two decades.
Koharu Resort
receives
TripAdvisor’s
Certificate of
Excellence 2016
The Koharu Resort Hotel & Suites
has been awarded the coveted Certificate of Excellence by TripAdvisor. This recognition is awarded to
hospitality businesses that have
consistently received rave reviews
by travellers for delivering superior
customer experience the past year.
Developed by Bukit Kiara Properties Sdn Bhd (BKP), Koharu has
had three winter seasons since
opening, and is now one of the top
choices for skiers in Hakuba, the
heart of the ski region which hosted
the Nagano 1998 Winter Olympics.
Occupancy ranges from 80% to
90% in the winter season with many
repeat customers booking as far as
a year ahead. Already full for this
coming Christmas and New Year,
the resort is popular with nationalities from around the world and, in
particular, Australians during their
December and January holidays,
and Hong Kong nationals, Singaporeans and Malaysians during the
Chinese New Year holidays.
Upon full completion, Koharu
(which means “early spring” in Japanese) will boast self-contained hotel
suites atop a 0.6ha freehold plot.
The units comprise studios, 1- and
2-bedroom apartments and 2-storey maisonettes.
In addition to the 16 apartment suites already in operation,
the developer plans to build two
4-bedroom luxury villas for a client
in the 2016-2017 season. Another three 4-bedroom terraced villas
will follow in the 2017-2018 season,
increasing the number of "keys" or
rooms from the current 19 to 39.
When fully completed, the resort
will have between 70 and 80 keys.
BKP Properties has not been
actively marketing the sales of this
resort. Instead, the developer has
chosen to focus on continual improvements in operations that NK
Tong, group managing director of
BKP, said have led to the Certificate of Excellence recognition by
TripAdvisor.
FR IDAY JU LY 1 5 , 20 16 • T HE E DG E FINA NCIA L DA ILY
TEP
5
FEN G S H UI
The ideal business
environment
the location alone, it actually consists of other
factors which are equally important for businesses to flourish.
These include demographic compatibility,
accessibility, visibility and others. However,
even with the business owners’ best efforts,
why is it that some businesses still fail despite
having executed what seems to be carefully
calculated business strategies?
The ability for a business to succeed at a
specific location is sometimes attributed to
the Feng Shui of the premise. In today’s business world, Feng Shui could give a business
an advantage over its competition. The study
of the surrounding energy, or Qi, is slowly
becoming a widespread practice. For Feng
Shui to play a significant role in the success
of a business, we must first understand the
type of energy of the location that would suit
a business best.
BY DAT UK JOEY YA P
L
ocation, location, location — this
is the mantra that the real estate
world lives and breathes. It is not
very different for business owners
when it comes to selecting a premise for their endeavours which can
range from corporate enterprises to food and
beverage establishments.
Although the mantra seems to highlight
Identifying positive energy
For any commercial property, it is a fundamental practice in Feng Shui to first
figure out the direction from where Qi
is coming. The next step would be to
harness and tap this Qi through various
methods that could maintain the continuity of the positive energy flow.
For this to take place, the Qi should have
ample space to collect and bring about positivity. This can be achieved by having a park
or open space in front of the physical structure of the business.
Apart from providing access to the busi-
ness, roads around the establishment also
double up as a carrier for inbound Qi. Observe
how these roads undulate on the surface of
the earth and that they carry Qi subtly — akin
to a calm river flow. This gentle flow of Qi will
ensure that your business is on the receiving
end of auspicious energy, instead of Sha Qi or
Killing Qi that comes in the form of a raging
flow. This undesirable form of energy appears
when roads in front of the business are steep,
thus rendering substandard effects.
Harnessing Qi collection
Even in nature, water that travels from
higher to lower ground eventually gathers to give life. The calm flow of Qi that
approaches the business would gather and
bring about great Wealth Luck. Ideally,
the physical structure which houses the
business should be located at the foot of a
landscape. To benefit owners and tenants
alike, the property should be sitting in the
East, Southeast or North.
A business owner would do well to open
the Main Door to welcome Qi into the establishment. This allows Qi to circulate within the
premises. Keeping other doors open would
further encourage its dissemination.
However, some premises may not be able
to collect Qi as easily. Certain older premises,
for instance, are designed with sharp corners,
and are located along straight lines or have
narrow gaps in between buildings or structures. These negative features allow Sha Qi to
be formed in the surrounding environment of
these businesses. Such undesirable types
of energy are vicious and aggressive, and
come in a variety of forms such as T-junctions, roof-edges, pylons, sharp mountain
peaks or even straight roads. Sha Qi is also
produced when wind is forced through
narrow gaps between two structures.
It is however important to take note
that pointy plants or furniture do not
produce these negative effects. After all,
it is almost impossible to run a business
without the use of anything sharp. If that
were the case, you can kiss office desks
and butcher knives goodbye! The best
form of defence against Sha Qi, believe
it or not, is practical common sense. As
long as these features do not harm your
business in any way, there would not
be any reason to panic. To learn more
about the energies circulating within your
new or existing business environment
as well as their effects on the business
property, visit www.joeyyap.com for a
definitive guide.
Datuk Joey Yap is the world’s leading Chinese Metaphysics consultant and bestselling
author of more than 160 books which have
sold over four million copies worldwide. He
is chief consultant of the Joey Yap Consulting
Group and founder of Mastery Academy
Of Chinese Metaphysics. His nearly two
decades of professional consultancy includes
working with Microsoft, Sime Darby, UEM,
Prudential and Citibank. He has students
in more than 30 countries.
If you have any feng shui-related questions for Yap, please go to the Tips section
of TheEdgeProperty.com
GR EEN
Bringing your temperature and electricity bills down
SOURCE: UNDP | INFOGRAPHIC: NURUL AIDA MOHD NOOR / TheEdgeProperty.com
BY U N D P ’S B U I L D I N G SECTOR ENERGY
E F F I C I EN C Y PROJECT
E
sional who will advise you on whether insulation is appropriate for your home.
Heat reflecting paint
There is now an alternative option to protect your exterior walls and reduce heat
transfer at the same time, via heat reflecting paint. However, it is worthwhile
to note that the relative reduction in heat
gain is low and will degrade as the paint
weathers over time. This paint will work
best on roofs and west-facing walls. Most
Shading
paint manufacturers in Malaysia offer this
This is a time-tested solution. There are option in their product line.
many choices of window shadings with external or internal louvres. Louvre designs Windows
not only minimise incoming heat, but also The same rationale for tinting your car winpromote natural air ventilation. For exteri- dows applies to your house windows — to
or walls, planting bushes and trees at the minimise incoming heat. There is a range
right spot could provide shade from the of tinting films available in the market to
afternoon sun. Planting creeper vines on suit various requirements and budgets.
west-facing walls will also do the trick; it is
You are recommended to select tinting
a low-cost method and only takes a little bit films that come with certified product seals
of patience for it to be “functional”.
and warranties.
You may also consider installing douInsulation
ble-glazed windows which have two layers
Insulation is more commonly used in coun- of glass that significantly reduce the transtries with four seasons. However, in tropical fer of heat to your house or your buildings.
countries like Malaysia, thermal insulation The extra cost of tinting or changing wincan be used to maintain a comfortable indoor dow types will be justified over the long
climate. You may choose to insulate your wall term by your reduced air-conditioning bill.
or roof, depending on the sun orientation of
your home. Consider also that while insula- Other efficient interior ideas to reduce
tion may keep heat out during the day, it will your electricity bill
also retain heat at night. Do consult a profes- Lighting is the biggest guzzler of energy
nergy-efficient measures to
minimise the heat transfer into
your house or building will reduce the usage of your air-conditioners and consequently
your electricity bills. But how
can we make our home cooler than the
outdoors?
ways
to keep your
house
Shading
• Internal and external louvres
• Strategically-placed bushes and trees
• Creeper vines on west-facing walls
Windows
• Tinting films (with certified
product seals and
warranties, preferably)
• Double-glazed windows
with two layers of glass
Insulation
• Thermal insulation
in walls or roof,
depending on sun
orientation
Creative lighting
alternatives
• Solar tube lights
• Skylights
• Clerestory windows with
external overhang
in non-air-conditioned homes, while in
air-conditioned homes it takes up the
second biggest chunk of the electricity
bill. To use less, or no electricity, in the
daytime, consider solar tube lights, skylights or clerestory windows with external
overhang.
Do not block or place any interior object
near your windows as this will block the incoming daylight into your house.
Heat reflecting paint
• For roofs and west-facing walls
The Building Sector Energy Efficiency Project
(BSEEP) is a national project implemented
by the Public Works Department (JKR),
administrated by the United Nations Development Programme (UNDP) and funded by
the Global Environment Facility (GEF). The
big picture of the project is to fight climate
change by reducing the annual growth rate
of greenhouse gas (GHG) emissions from
Malaysia’s building sector.
P
roperty auctioneers have noticed
recently that more high-end
properties (above RM1 million)
are coming up for auction in
the country, observes Property
Auction House Sdn Bhd executive director Danny Loh. He says he has
also been seeing more large-size condominium units on the auction market since
early this year.
Loh cites a unit at 6 CapSquare Residences with a built-up of 1,830 sq ft which was
on auction at a reserve price of RM1.215
million and another unit at Residensi St
Mary with a built-up of 1,453 sq ft which
was on auction at a reserve price of RM1.85
million. Both units failed to draw bids during their first auction on June 23.
Earlier, a condominium unit with a builtup of 2,022 sq ft in Verticas Residensi was
sold at its reserve price of RM1.62 million
during its auction on April 20.
6 CapSquare Residences is located at
Dang Wangi, Kuala Lumpur. It is a 27-storey
residential tower that houses 176 units. The
built-ups range from 1,229 sq ft to 4,200 sq
ft. According to TheEdgeProperty.com data,
the indicative price for the freehold project
is RM825 psf, which means a 1,830 sq ft unit
could be worth about RM1.509 million.
Residensi St Mary or St Mary Residences
near Kuala Lumpur city centre has an indicative price of RM1,376 psf. The auctioned
project could be tagged around RM1.99
million. It comprises three 28-storey towers with unit built-ups ranging from 1,131
sq ft to 6,769 sq ft.
Meanwhile, with a Bukit Ceylon address,
Verticas Residensi is an exclusive serviced
apartment project made up of four towers,
where the largest unit is up to 2,839 sq ft.
A search on TheEdgeProperty.com shows
that the current indicative price stands at
RM1,190 psf. Hence, the auctioned unit
could be worth around RM 2.4 million.
In the current property market slowdown,
we could be seeing more of such high-end
properties, even from sought-after areas,
being put up for auction. “One reason could
be that a number of high-end properties
are completing and ready for occupation
and there is fierce competition for tenants,”
says Loh.
If the overall economy continues to be
sluggish and the property market slowdown
persists, non-performing loans are expected
to rise. “Those who cannot generate revenue from their investment may be forced to
default on their loan payments which may
then lead to the property being put up for
auction,” he adds.
As more of such properties come up for auction, the concern is whether there are enough
qualified bidders to take up these homes.
Buyers for high-value homes in the auction market are often limited, Loh says.
“And if there are too many un-auctioned
high-end properties on the market, it may
start a chain reaction and affect the overall
property market and impact property prices,” warns Loh.
Volume down, values up
AuctionGuru.com executive director Gary
Chia also tells TheEdgeProperty.com that
the number of high-end residential proper-
ties put up for auction has increased slightly.
The perception that there are more highend homes in the auction market recently
could be due to the decrease in the number of auctioned properties in the range
of RM50,000 to RM200,000, says Chia who
estimates that there could be a 10% to 15%
rise in the number of homes valued at RM1
million and above on the auction market
in 1Q2016 compared with previous years.
He also notes that the number of residential foreclosures for the first quarter
(1Q2016) is seeing a decline compared with
the same period in previous years. However,
the total value of these properties has risen.
(See charts on next page)
Among the high-end condominium
units which have been put up for auction
include units in new high-end project Mirage by the Lake in Cyberjaya, Scott Garden
in Old Klang Road and Regalia Serviced
Apartment in Jalan Sultan Ismail in the
Kuala Lumpur city centre.
In the first three months of 2016, 22 units
of Mirage by the Lake went under the hammer while Scott Garden and Regalia Serviced
Apartment had three and four foreclosure
cases, respectively.
According to Chia, these units could have
been owned by property speculators who
faced difficulties disposing off the units or
in getting tenants in the current soft property market.
“If market conditions do not improve, we
believe the market will be floated with similar properties held by speculators,” he says.
Chia concurs that demand for affordable homes in the range of RM50,000 to
RM200,000 has always been stronger than
those in the higher range. The movement
for high-end properties is slower due to
their higher values, he adds.
Properties worth RM2 bil went
under the hammer in 1Q2016
lthough the number of foreclosure
properties in the market had decreased
further in the first quarter of this year
(1Q2016) compared with the same period in
2014 and 2015, the total value of the properties has increased.
This shows that the property market has
stayed resilient and buyers have strong holding power, says Auctionguru.com executive
director Gary Chia.
The online auction platform’s data showed
that there was a total of 6,062 properties worth
over RM2 billion that went under the hammer
in 1Q2016. This was a 10% dip in volume and a
27.8% rise in value year-on-year (y-o-y).
“More than 95% of the properties in the
Malaysian auction market are foreclosures
by financial institutions due to defaults in
mortgages. As such, foreclosures are generally treated as an indicator of the country’s
economic conditions,” he told TheEdgeProperty.com.
Reviewing the property auction market’s
first quarter performance, Chia says the total
value of the auctioned properties has increased significantly mainly due to the overall spike in property prices in recent years.
A
Land auction cases dipped 37%
Among the 6,062 auctioned properties in
1Q2016, 89% were residential properties while
commercial properties and land made up
7.1% and 3.1%, respectively.
There were 5,442 residential properties
worth RM1.37 billion put up for auction in
1Q2016, which was 8.9% lower in volume than
the same quarter last year.
There were 431 auctioned commercial
properties worth RM329 million compared
with 498 properties in 1Q2015.
Chia says the number of land foreclosures
eased sharply by 37% y-o-y to 189 cases worth
RM304 million, compared with 301 cases worth
RM196 million in 1Q2015.
“Most of the auctioned land parcels were
from the northern and central regions. Bear
in mind that land is always in high demand
and quite a number of land plots were transacted before they could be put up for auction,”
he explains.
In 1Q2016, the central region — Selangor,
Kuala Lumpur and Putrajaya — recorded the
highest number of auctioned properties at an
average of 1,072 properties a month. March had
the most auctioned properties in this region
with 1,181 properties worth RM516 million.
This was followed by the northern region
(Perlis, Kedah, Penang and Perak) with an average of 540 cases a month and the southern
region (Negeri Sembilan, Melaka and Johor),
with 251.
Sabah and Sarawak registered an average
of 122 auctioned properties a month while
the East Coast region (Kelantan, Terengganu
and Pahang) saw the lowest average of 36
properties a month.
Market remains challenging
Although auction cases dropped in 1Q2016,
signalling that holding power remains intact,
Chia reminds that the dampened market sentiment has not faded away.
“This year is going to be a challenging
year as consumer spending and private sector
investment drop further. We advise buyers to
be cautious especially concerning commercial
properties,” he says.
Nevertheless, he still believes that even
when times are bad, there are still buyers with
cash or surplus income looking to invest in
property.
“If there is a good property which provides
buyers with a visible upside potential, there will
be a demand for it,” he concludes.

Th eEdgeProperty.com

Transcription

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