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ddO10
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FRIDAY, AUGUST 14, 2015
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su
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FBM KLCI 1621.62
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KLCI FUTURES 1618.50
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Najib believes
politics caused
ringgit to fall
CORPORATE
& MARKET
EVERY
FRIDAY!
3
Zeti hints at
retirement after
16 years of service
digitaledge
PROPERTY+
section inside.
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Genting Singapore
swings to 2Q net
loss amid gaming
industry downturn
GENERAL
NEWS
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No news yet of
Umno supreme
council
il meeting
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4
KL breaks
KLCI
five-day losing
streak, jumps
11.69 points
FOCUS
211
2
Beijing is already
doing Fed
chairman
Janet Yellen’s
job for her
by
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r
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o
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This digi
INTERNATIONAL
NEWS
26
Huge China
explosions leave
scores dead,
hundreds injured
ddO10
FRIDAY, AUGUST 14, 2015
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FBM KLCI 1621.62
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KLCI FUTURES 1618.50
17.50
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22.00
OIL US$50.26
0.60
CPO RM2017.00
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Najib believes
politics caused
ringgit to fall
SLOWER AT
4.9% IN 2Q
SAM FONG/THE EDGE PROPERTY
CORPORATE
& MARKET
EVERY
FRIDAY!
3
Zeti hints at
retirement after
16 years of service
digitaledge
PROPERTY+
section inside.
CORPORATE
& MARKET
6
Genting Singapore
swings to 2Q net
loss amid gaming
industry downturn
GENERAL
NEWS
12
No news yet of
Umno supreme
council meeting
4
KLCI breaks
five-day losing
streak, jumps
11.69 points
FOCUS
21
Beijing is already
doing Fed
chairman
Janet Yellen’s
job for her
INTERNATIONAL
NEWS
26
Huge China
explosions leave
scores dead,
hundreds injured
But GDP expansion still above consensus expectations.
Levina Lim has the story on Page 3.
SHAHRIN YAHYA
2
FR I DAY AU G U ST 14, 2 0 1 5 • DI GI TA L EDGE DAI LY
For breaking news updates go to www.theedgemarkets.com
ON EDGE T V
Najib believes politics caused ringgit to fall
IN BRIEF
Zeti threatens
to sue rumour
mongers
Bersih 4:
No assurance
tear gas won’t
be used
KUALA LUMPUR: Prime Minister
Datuk Seri Najib Razak yesterday
blamed the country’s political atmosphere as among the reasons
that led to the spiralling of the ringgit against the US dollar.
Writing on his blog, Najib, who is
also finance minister, said Malaysia
was recently shocked by the fall of
the ringgit, and listed out several
factors as the cause of the decline.
“The existence of political play and
intense speculation has resulted in
an uncertain sentiment towards the
administration,” he wrote, adding that
China’s move to devalue the yuan also
caused the ringgit as well as other
Southeast Asian currencies to fall.
Najib’s announcement came as
the ringgit becomes Asia’s worst-performing currency this year. It dropped
12.5% against the US dollar and weakened beyond RM4 to a US dollar for
the first time since 1998 yesterday,
spurred by the yuan devaluation.
Another reason for the ringgit’s
decline, Najib said yesterday, is the
expectation that the United States
will raise its interest rates, which will
make investors around the world
move their funds to the US dollar.
He added that the drastic decline in the prices of commodities,
such as crude oil, palm oil and rubber, also contributed to the plunge,
more so because Malaysia is a pro-
ducer of these commodities.
Najib, however, remained positive and said despite the challenges, the growth rate of the economy
was still stable.
“In its latest report, Bank Negara Malaysia showed that economic
growth remained on a stable foundation with a growth rate of 4.9% in
the second quarter of 2015,” he said.
Najib promised that Putrajaya
would do its best to address the
problem.
“I guarantee that the government will do its best to resolve this
situation with the purpose of stabilising the country’s economy,”
he said. — The Malaysian Insider
ECB’s China worry
But impact from slowdown appears to be limited for now
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FRANKFURT: The European Central Bank (ECB) acknowledged
yesterday that its governing council is concerned about the economic slowdown in China, even
if the impact appears to be fairly
limited for now.
“Financial developments
in China could have a larger-than-expected adverse impact,
given this country’s prominent
role in global trade,” the governing council said, according to the
minutes of its meeting on July 15
and 16 released yesterday.
Nevertheless, the fallout from
the Greek crisis and slowing
growth in emerging economies
such as China were still fairly
limited so far, the council agreed.
“Uncertainties stemming from
developments in the Greek programme negotiations and from
the deteriorating economic and
financial conditions in some
[emerging economies], most
notably China, did not appear
The ECB says
financial
developments in
China could have
a larger-thanexpected adverse
impact, given
this country’s
prominent role
in global trade.
Photo by AFP
to have had a discernible impact
on euro area economic activity,”
the minutes stated.
“This pointed to a certain degree of robustness of the ongoing
recovery, as supported by some
country-specific developments.”
The ECB publishes the minutes of
its governing council’s monetary
policy deliberations four weeks
after each meeting.
Turning to Greece, which is
negotiating a third bailout pro-
gramme with its creditors, “recently improved prospects [for a deal]
... could be expected to contribute
to a firming of confidence across
the euro area,” the ECB said.
“Nevertheless, setbacks in
those negotiations could still
negatively affect confidence and
activity, and some caution was
expressed regarding potential contagion risks in particularly adverse
scenarios, which should not be underestimated,” it cautioned. — AFP
China’s currency could fall another 5%
would be hard for the authorities to
admit they are devaluing it. Second,
SINGAPORE: The yuan might be go- and more importantly, China’s ining back in time, regardless of Chi- terest in a weaker yuan is evident.
na’s remonstrations to the contrary.
It’s already about halfway there.
See related stories on Page 20, 21, 22, 23
A weak economy and faltering
prices hold enough hints that BeiDue to anaemic global trade,
jing may not mind if the currency Chinese output prices are rising
loses another 5% of its value against less quickly than the prices of more
the US dollar.
domestically oriented US producThat’s not how the People’s Bank tion. Without any intervention from
of China wants the world to inter- policymakers, disinflation could
pret the decline. Even after guid- turn to outright deflation this year.
ing the yuan almost 4% lower over Given China’s huge debt overhang,
three straight days, the central bank allowing prices and wages to fall
maintains that it’s merely tweaking would be a huge mistake.
the exchange rate to better reflect
Hence the need to turn the clock
demand and supply.
back to 2011, when the loss of comThere are at least two reasons to petitiveness first became a probtake that claim with a pinch of salt. lem. During that year, the currency
First, after enthusiastically hawking appreciated by 14% in real terms.
its currency for international use, it Reversing half of that gain would
BY ANDY M U K HE RJ E E
require a 7% depreciation from the
end-2011 exchange rate of 6.294.
That implies a target of 6.75 yuan to
the US dollar — equivalent to a slide
of more than 5% from current levels.
Though such a devaluation might
benefit local exporters, it would
make life harder for Chinese companies saddled with about US$963
billion (RM3.86 trillion) in cross-border bank loans, not to mention a
sizeable chunk of dollar-denominated bonds. But the rest of the world
would face an even bigger headache.
Shrinking discretionary spending
in China would leave it once again
relying on the US consumer. Considering that Beijing is willing to run
this risk suggests pervasive weakness
in the economy. The authorities’ assertions of stability look as hollow as
their claims of benign intent in the
currency market. — Reuters
‘Stan Chart’s bad loans
to soar in Asia’
LONDON: Standard Chartered
plc’s (Stan Chart) losses on bad
loans will climb faster than expected in the second half, hurt
by falling commodity prices
and a devaluation in the Chinese yuan, according to Jefferies
International Ltd. Loan impairments will increase to US$3.3
billion (RM13.23 billion) both
this year and in 2016, about a
third higher than the analysts
previously predicted, following
a 70% jump in losses to US$1.7
billion in the first half. Jefferies
also cut its 2015 profit estimate
by 15% to US$2.6 billion as the
bank’s revenue falls faster than
it can sell assets. “We expect
credit quality to worsen in the
second half,” Joseph Dickerson,
who has an underperform rating on the stock, said in a report
yesterday. — AFP
Taiwan sees consumer
prices falling in 2015
TAIPEI: Taiwan’s central bank
said yesterday it expects the
headline consumer price index (CPI) to decline 0.1% this
year, but that deflation was not
a concern. Central bank deputy
governor Yang Chin-long, who
hosted an unscheduled news
conference, told reporters that
core CPI, however, was expected to grow 0.79% this year. The
briefing came ahead of the government’s expected downward
revision to Taiwan’s economic
growth forecast for this year
due today, and followed the
local dollar’s fall to lows not
seen in around five years this
week after China devalued the
yuan. — Reuters
Emirates announces
‘world’s longest’ flight
DUBAI: Dubai’s Emirates Airline announced yesterday it will
launch the world’s “longest nonstop flight” in February from the
bustling Gulf emirate to Panama
City, lasting more than 17 hours.
The carrier will fly daily to Panama’s capital in a passenger flight
operated by a Boeing 777-200LR
aircraft which can also carry up
to 15 tonnes of cargo, Emirates
said in a statement. The flight
between the two trading hubs
will last 17 hours and 35 minutes, making Panama the airline’s first destination in Central
America, it said. — AFP
Samsung unveils
high-end phones
NEW YORK/SEOUL: Samsung
Electronics Co Ltd unveiled
yesterday a new Galaxy Note
phablet and a larger version
of its curved-screen S6 edge
smartphone, marking a fresh
bid by the South Korean tech
giant to revive momentum in
its handset business. Samsung
is the world’s top smartphone
maker but its market share fell
in the second quarter when its
critically acclaimed S6 models
launched, squeezed by Apple
Inc’s iPhones and price-competitive offerings from Chinese
rivals such as Huawei Technologies Co Ltd. — Reuters
C O R P O R AT E & M A R K E T 3
F R I DAY AU G U S T 14 , 2015 • D IG ITA LED G E DA ILY
1MDB probe
completed,
report sent to
AG, says Bank
Negara
KUALA LUMPUR: Bank Negara
Malaysia (BNM) has submitted
its report on its investigation into
1Malaysia Development Bhd
(1MDB) to newly-appointed
Attorney-General (AG) Tan Sri
Mohamed Apandi Ali earlier
this week.
“We conducted a formal investigation [into 1MDB] by taking
statements from various people involved ... that investigation
was long-drawn because it was a
complex process and that’s now
been completed,” said the central
bank’s governor Tan Sri Dr Zeti
Akhtar Aziz yesterday.
She added that recommendations for the appropriate enforcement action were also provided
to the AG.
Zeti, however, declined to
reveal the probe’s findings and
BNM’s recommendations on the
matter due to regulatory prohibition.
“I want to reiterate that the
bank is prohibited by law from
publicly discussing any details of
the investigation. If we are called
by the Public Accounts Committee, then that is the only other
avenue that the bank will be able
to respond to questions on this
investigation,” she said.
Zeti added that BNM had already started informal investigation into 1MDB several years ago,
as the company was a concern as
it was a highly-leveraged entity.
“We monitored them (1MDB)
and engaged with them for a few
years actually, and we wrote reports on them and submitted the
reports [to the relevant persons
or authorities],” she said.
BNM’s financial stability committee looks into risks that entities pose to the financial system,
among others.
BNM was previously part of
a special task force set up to investigate 1MDB. The task force,
headed by former AG Tan Sri
Gani Patail, also included the
Malaysian Anti-Corruption Commission (MACC) and the police.
However, the MACC last week
said the task force had been disbanded, with the three main
agencies now ordered to work
independently.
When asked whether BNM
was conducting a separate probe
into allegations that US$700 million (RM2.6 billion) was transferred to Prime Minister Datuk
Seri Najib Razak’s accounts, Zeti
said: “That is not under our purview. It is under the other enforcement agencies.”
She also said she was unaware
of any arrangement for a new
task force, following the unit’s
dissolution.
Zeti said while seven of its officers were recently questioned
by police regarding the purported
leakage of information related to
the 1MDB probe, she had yet to
hear from the police. “BNM will
always give cooperation to the
other law enforcement agencies.”
Malaysia’s economy grows
slower at 4.9% in 2Q
But GDP expansion still above consensus expectations of 4.5% y-o-y
STORIES BY LE V I NA LI M
KUALA LUMPUR: Malaysia’s economy grew at a slower pace of 4.9% in
the second quarter of 2015 (2Q15),
compared with 5.6% in 1Q15 and
6.4% in 2Q14, dragged down by
lower exports and weak domestic
consumption after the goods and
services tax (GST) kicked in in April.
Gross domestic product expansion was still above consensus expectations of a 4.5% year-on-year
(y-o-y) rate.
On a seasonal adjusted quarter-on-quarter basis, the economy
grew 1.1%, with private-sector demand remaining the key driver of
growth during the quarter.
“We are still in what we have described [in the past] as a growth path
of 4%-6% ... we expect to remain in
this growth range for the remaining of this year,” Bank Negara Malaysia (BNM) governor Tan Sri Dr
Zeti Akhtar Aziz told a packed press
conference yesterday.
“Domestic financial stability continues to be preserved despite the
volatility around us in the global and
domestic financial markets during
the quarter (2Q15),” she added.
Growth in the services sector
slowed to 5% y-o-y in 2Q15 from
6.4% in 1Q15, while manufacturing sector growth fell to 4.2% from
5.6% in the previous quarter. The
mining and quarrying sector also
moderated to 6% from 9.1%.
“Net exports recorded negative growth of 10.5% during the
quarter, due mainly to weaker exports and slower global demand,
Zeti has ruled out the possibility of the
implementation of capital controls to
stem the ringgit’s decline. Photo by
Shahrin Yahya
compared with the strong growth
of 8.8% in 1Q15, which was lifted
by strong front-loading of services
prior to the implementation of the
GST,” Zeti added.
She noted that while private consumption growth moderated to 6.4%
from 8.8% in 1Q15 due to households’
adjustment to the implementation of
the GST, it was surprisingly just marginally lower than the average longterm growth of consumption of 6.7%.
Zeti noted that while downside
risks remain largely concerns over
the external environment impacting the local economy, Malaysia had
a “diversified economic structure”
supported by strong fundamentals
to withstand “risks and challenges”.
“While the exchange rate depreciation may be unsettling, the impact on growth and inflation will be
contained, mitigated by resilient domestic and external fundamentals,”
she said, asserting her confidence
in the strength and stability of the
Malaysian economy.
The central bank governor, meanwhile, ruled out the possibility of the
implementation of capital controls
to stem the ringgit’s decline, saying
that such “extreme measures” are
not warranted as the economy is
not in an “extreme situation”.
“An extreme situation is when
the economy plummets into a deep
recession. We don’t expect to be in
that kind of situation and we do not
expect it. We have restructured our
economy and there are many positive developments that are occurring
in the economy,” she stated.
Zeti is of the view that the volatility in the global and domestic
financial markets is likely to continue until uncertainty over the
policy direction of major economies, such as the United States
and Europe, is removed, especially
with regard to the normalisation
of interest rates in the US.
“When the US Federal Reserve’s
tapering actually commenced [in
December 2013], [we saw] the
market stabilise. [Likewise,] we
believe that once the [interest rate]
normalisation actually takes place,
[the] financial markets will stabilise,” she said.
Zeti pointed out that Malaysia
was able to withstand one and a
half years of volatility at the worst
of times during the 1997 to 1998
Asian financial crisis.
“We are not immune to external
developments, but we have demonstrated time and again that we were
able to rebound quickly from any
setback,” she said.
The governor also dismissed concerns about diminishing foreign
exchange reserves, which dropped
below US$100 billion (RM401 billion) for the first time since August
2010 to US$96.7 billion as of July 31,
from US$100.5 billion on July 15.
“We held reserves way beyond
the level that is needed for our country and therefore the current level
is well within levels that we are still
comfortable with, which will take us
through the next few months and
into the next year,” she said.
BNM said the US$96.7 billion
reserves position was sufficient
to finance 7.6 months of retained
imports and was 1.1 times the
short-term external debt.
On China’s surprise move to
devalue its currency this week,
which has unsettled global financial markets, Zeti deemed the impact as “not significant”, as the
yuan had only adjusted by 3% to
4% against the ringgit since August
2014, compared with about 20%
vis-a-vis the US dollar.
“This [impact] is not significant,
but it surprised the market and
therefore the market will adjust
to these changes. If they look at
it in perspective, there shouldn’t
be an overreaction to this move.
If it’s good for China, it’s good for
the rest of us as well,” she said.
She added that there is no shortage of US dollars in the system as
there had been no disruption in any
of Malaysia’s financial markets, and
liquidity remains ample.
Zeti hints at retirement after 16 years as BNM governor
KUALA LUMPUR: Bank Negara Malaysia (BNM) governor Tan Sri Dr
Zeti Akhtar Aziz yesterday hinted
at retirement when her term is up
in April next year, but did not discount the possibility of returning
for another term if requested to.
“Sixteen years is a very long period and I’ve been very privileged
to have had this opportunity in my
career to make a contribution to
this country.
“I am truly grateful for it,” she
told a press conference to announce
Malaysia’s second-quarter gross domestic product numbers yesterday.
Zeti, who will turn 68 later this
month, said she had always aspired
to write a book.
Zeti also noted that there are
solid internal candidates to be the
next governor.
“My three deputies are also
members of the board, and the
rest are private-sector individu-
als ... I believe that we have strong
candidates from internal as well to
head the central bank,” she said.
When asked whether she would
consider continuing her current
role for the sake of “national service” after her term ends next year,
Zeti said she would cross that bridge
when she comes to it.
“There is a lot more to be done
... I would like to see more [being]
done in the migration to electronic
payments and mobile banking, for
instance,” she added.
If she does retire next year, it
would mark her 16th year of service as central bank governor and
35 years in the central bank. She is
the second longest-serving governor, only exceeded by the late Tun
Ismail Ali, who served for 18 years
from 1962 to 1980.
Zeti is highly respected in the
local and global financial communities, and is known as one of
the best central bankers globally.
She was named as one of Global Finance’s “World’s Best Central
Bankers” last year, with an “A” rating
on its Central Banker Report Cards.
During the peak of the Asian
financial crisis in 1998, Zeti was
appointed acting governor of BNM,
leading the team on exchange control. She was later made deputy
governor for two years, before being appointed to her current post
on May 1, 2000.
“We put in place more than 10
important legislations during my
term in office, did three series of
organisational transformation [of
the central bank] and all the other
things that we have done to transform the financial sector,” Zeti recalled.
There has been intense speculation that Zeti has been under pressure to quit due to her and BNM’s
part in a task force investigating a
money trail linked to debt-ridden
1Malaysia Development Bhd.
“There’s no truth to these allegations against me personally and
against the bank. Many of these allegations are made anonymously,”
she said.
“We will seek to identify who
they are and will take legal action.
Right now, we don’t know who they
are. We have some ideas and follow-up leads to who they are, but
they have been anonymous so far.”
Talk has also circulated last month
that Zeti was having health problems
and had resigned from her position.
But this was quickly dismissed by the
central bank’s corporate communication department.
“I am absolutely on no medication. I have never taken any medication and I wish that I remember
to take the multivitamins which
I always forget to take,” said Zeti,
who was in a jovial mood yesterday.
4 C O R P O R AT E & M A R K E T
KLCI breaks five-day
losing streak
On the back of better-than-expected GDP growth for 2Q
BY A H MA D NAQIB IDR IS
& MEENA L A KSHANA
KUALA LUMPUR: Malaysian stocks
snapped a five-day losing streak
yesterday on the back of a better-than-expected gross domestic
product (GDP) growth for the second quarter, with the FBM KLCI
closing up 11.69 points.
The benchmark index ended
0.73% higher at 1,621.62 points after
trading as low as 1,605.46 points in
the early part of the session. Market breadth turned positive, with
714 gainers against 217 decliners, while 252 counters were unchanged. The index has lost 115.63
points or 6.7% since Aug 5, when it
closed at 1,609.93 on concerns over
the direction of the ringgit following Bank Negara Malaysia’s (BNM)
announcement of a drop in international reserves.
PublicInvest Research head
Ching Weng Jin said the FBM KLCI’s rebound was supported by local
buying activity, as investors dabbled
in some bargain-hunting following
the recent weakness of the market.
“The index can sustain its gains
if it holds at the 1,600 level and no
other negative surprises come up
in the near term,” he told digitaledge DAILY yesterday.
He noted that the rise in the FBM
KLCI was in line with gains made
by regional markets.
Valuecap Sdn Bhd group chief
executive officer Sharifatu Laila Syed Ali expects the market
to stabilise, noting that the FBM
KLCI has come off its peak this
year by about 14%, with futures
KLCI one-year performance
Index
2,000
1,875
1,750
1,625
1,621.62
1,500
Aug 13, 2014
Aug 13, 2015
trading at a discount.
“We do see value emerging selectively, so bottom-fishing will take
on a very selective and differentiating approach. Stocks trading at
steep discounts to their revalued net
asset values appear the favourites.
“Investing in value requires
patience and therefore requires
longer-term positioning. We are
not looking at quick trades as
these tend to be short-term in
nature and risky,” Sharifatu said.
The ringgit yesterday strengthened slightly to trade at 4.0107
against the US dollar, compared with
its close of 4.0275 on Wednesday.
“For the ringgit, its major weakening period has ended, and right
now it’s tracking the yuan. We
expect the ringgit to stay around
its current levels in the near term
and to return to the 3.7, 3.8 levels within the medium to longer
term,” said PublicInvest’s Ching.
Kenanga Investment Bank econ-
omist Wan Suhaimi Saidi said the
pace of depreciation of the local
currency in the past weeks has
been quicker than in the first half
of the year, noting that the ringgit
has depreciated 13.4% year to date,
with close to half of the fall (6.3%)
occurring in the past month alone.
“Broadly speaking, the longerterm causes of the ringgit weakness
can be put down to persistently
weak global commodity prices
and a widening monetary policy gap between the United States
and the rest of the word, resulting
in what has turned out to be an
unrelenting sell-off in emerging
market currencies for safe haven
alternatives,” said Wan Suhaimi.
Affin Hwang Capital Research
said there is a strong possibility of
the People’s Bank of China devaluing the yuan further, expecting
more downward fluctuation in the
daily yuan reference rate, especially as the US Federal Open Market
Committee’s September meeting
approaches.It is anticipated that
the first interest rate hike by the
US will be implemented after the
September meeting, which the research house said could add more
pressure to currencies in the Asean
region, given the fall in the yuan.
Affin Hwang Capital expects
the ringgit to trade around 4
against the US dollar until the
end of third quarter of 2015 due to
the strength of the greenback and
vulnerability of the yuan, while
current account surpluses and
healthy international reserves
will support the ringgit to trade
towards 3.9 to 3.95 by end-2015.
‘Malaysia's growth to decelerate further’
BY MEENA L A KSHANA
KUALA LUMPUR: Weak ringgit
and commodity prices, sputtering
global demand, and uncertainties
in the domestic political scene — all
these will continue to dog Malaysia’s gross domestic product (GDP)
growth for the second half of the
year and cause growth to further
decelerate, said economists.
This is after the country’s second
quarter 2015 (2Q15) GDP growth
weakened to 4.9% compared with
1Q15’s 5.6%, mainly due to lower exports and weak domestic consumption — even though it was still above
consensus’ expectations of 4.5%.
UOB Research, for one, has
trimmed its growth projection for
the country this year to 4.8% from
5% previously, and to 4.8% for 2016
(from 5.3% previously). “Going forward, we expect growth to slow fur-
ther as consumers and businesses
turn cautious with the sharp weakening of the ringgit and vulnerabilities in the form of volatile capital
flows when the Fed (US Federal
Reserve) raises interest rates,” it said.
It also noted that the ringgit led
the decline in Asian currencies
on Wednesday as it fell by more
than 1% against the greenback and
breached the 4.0 mark for the first
time since the Asian financial crisis.
“Today the pair pulled back temporarily below 4.00 alongside a recovery in regional currencies. However, we do not rule out another leg
higher to 4.05 just yet,” it said.
The research firm expects major
projects to be announced in Budget
2016, which is to be tabled on Oct
23, but these would likely only kick
off in the second half of next year
(2H16), meaning catalysts will only
be seen then.
Morgan Stanley Research, meanwhile, said Malaysia’s three-legged growth model of commodities, manufactured exports, and the
public sector economy are expected
to continue to face pressure. The
research firm said that export momentum has been subdued, and a
turnaround in the global economy
to help provide some export tailwind is still being sought.
CIMB Group Holdings Bhd chief
executive Tengku Datuk Zafrul
Tengku Abdul Aziz also weighed
in and said the banking group expects growth in the 2H15 to be softer as weak global growth, especially China, could provide strong
headwinds.
He said Malaysia’s economic
fundamentals remain strong, but
noted that the ringgit is undervalued. At the time of writing, the ringgit was 4.0107 against the US dollar.
Nazir Razak expresses
concern over ringgit slide
KUALA LUMPUR: CIMB Group
Holdings Bhd chairman Datuk
Seri Nazir Razak yesterday added
to the chorus of voices expressing
concern over the ringgit's free fall,
which has breached the RM4 mark
against the US dollar.
In a posting on photo sharing
site Instagram, he posted yesterday’s front page of digitaledge DAILY with the headline "FBM KLCI
approaches 1,600 level, ringgit
breaches 4 vs USD".
"Terrible time to be distracted
by politics and so much negative
media coverage. Our best, most
credible and crisis experienced finance team needs to be put in front
of markets urgently," wrote Nazir.
The ringgit is Asia's worst performing currency in the past year,
and it breached the RM4 mark on
Wednesday to register 4.0075 to the
US dollar, the weakest level since
September 1998.
Many have attributed the ringgit's poor performance to the
worsening global outlook, China's surprise devaluation of the
yuan, plunging commodity prices,
and the current political scandals
linked to the prime minister.
Najib is currently facing intense
scrutiny over the US$700 million
(RM2.6 billion) "donation" from
a Middle Eastern country into his
personal accounts while at the
same time, his brainchild, state
investment firm 1Malaysia Development Bhd (1MDB) is facing
multiple probes into alleged financial irregularities.
The country is also suffering
from a perception of interference
when Tan Sri Abdul Gani Patail
was abruptly replaced as Attorney-General, while the Malaysian
Anti-Corruption Commission offices were raided and its officers
were detained for questioning by
the police over alleged leak of information related to 1MDB.
Malaysians had been dismayed
with the continued plunge of the
ringgit and despite suggestions
from some quarters, including
former prime minister Tun Dr
Mahathir Mohamad to peg the
currency, Putrajaya said it has no
plans to do so.
AirAsia Bhd group chief executive officer Tan Sri Tony Fernandes
on Wednesday told Putrajaya to
focus on resolving the ringgit's
free fall instead of being preoccupied with other matters such
as restricting social media. — The
Malaysian Insider
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Tropicana’s unbilled sales
hit record high of RM3b
BY G H O C H E E Y UA N
KUALA LUMPUR: Tropicana
Corp Bhd saw its net profit for
the second quarter ended June
30, 2015 (2QFY15) fall 74% yearon-year to RM23.2 million from
RM89.5 million, mainly because
2QFY14 had recognised gains
from the disposal of properties
and a joint-venture unit.
Thus, earnings per share
dropped to 1.6 sen a share from
6.45 sen a share previously, its
filing to Bursa Malaysia yesterday showed.
Revenue for the quarter, however, improved 3.6% to RM312.3
million from RM301.5 million
last year, underpinned by higher revenue recognition across
key projects and proceeds from
land sales.
For the six months ended June
30, 2015 (6MFY15), the property
developer’s net profit halved to
RM42.4 million or 2.97 sen a share
from RM97.3 million or 7.52 sen
a share previously, for the same
reason that caused it to record a
fall in its latest quarterly revenue.
Revenue for the period rose
26.9% to RM703.3 million versus
RM554.2 million in 6MFY14.
In statement, Tropicana said
despite cautious industry sentiments, its performance proved
resilient. It also recorded “overwhelming success” in its maiden property launch in Tropicana
Aman, Shah Alam, with a gross
development value of RM342 million, with all 432 units of two- and
three-storey link Arahsia Residences homes snapped up.
The take-up rate at the second phase of its Bayan Residences development — comprising 372 units of two- and
three-storey link homes priced
from RM850,000 onwards — has
also been encouraging.
As at June 30, Tropicana’s total sales stood at RM787.4 million, in addition to having secured unbilled sales at a record
high of RM3 billion, which it believes places it in a position to
deliver sustainable performance
in the near future.
Tropicana said it is confident
of achieving a total sales figure for
FY15 that is comparable with the
previous financial year’s RM1.5
billion, despite the property market slowdown.
While prospects in 2015 are
expected to remain challenging,
the group believes there will still
be demand for landed properties
and integrated developments in
good locations, with great accessibility and attractive pricing.
“The group will focus on projects in the central region for 2015,
where the markets are more resilient,” it added.
Shares in Tropicana (fundamental: 1.3; valuation: 2.1) closed
unchanged at 92 sen yesterday,
for a market capitalisation of
RM1.33 billion.
Wintoni’s minorities
seek to remove board
They also want executive director Tey Por Yee out
BY GHO C H EE Y UAN
KUALA LUMPUR: Ten minority
shareholders of ACE Market-listed
Wintoni Group Bhd have requisitioned for an extraordinary general meeting (EGM) to remove the
group’s board of directors, including executive director (ED) Datuk
Tey Por Yee.
They also want to appoint Datuk Jalaldin Hussain, Chaang Kok
Fai and Anita Chew Cheng Im as
directors of the company with immediate effect, according to a requisition notice filed with Bursa
yesterday.
The 10 shareholders claimed
they collectively hold no less
than 10% of the company’s total
shares. They are Khow Eng Guan,
Kang Choon Leu @ Kang Chee
Sin, Thean Lip Chong, Loh Khee
Feei, Sze See Chuan, Low Thiam
Chin, Low Thiam Chin, Lim Eng
Tiong, Pan Siew Kee, Lee Chin
Chow and Than Chon Hoo @ Tan
Choon Hoo.
Besides Tey, who was appointed the group’s executive chairman
on June 25, 2013, but redesignated
as ED on March 3 this year, they
are also seeking to remove seven
others.
The seven are chairman Datuk Khairuddin Mat Yusoff, chief
executive officer cum managing
director Choong Siew Meng, four
independent non-EDs, namely
Mohd Sopiyan Mohd Rashdi, Fu
Lit Fung, Umsery @ Ansari Abdul-
Tey was also embroiled in a boardroom
tussle last year in Protasco. Photo by
Sam Fong
lah and Mohd Farid Mohd Yusof, as
well as ED Soo Tee Wei.
Interestingly, Khairuddin, Mohd
Sopiyan, Soo and Umsery had previously been removed in the last annual general meeting on June 26,
but reappointed to their respective
positions on the same day.
Perhaps this was why the requisitionists are also seeking to remove any
persons appointed by the directors of
the company as an additional director
between the date of the requisition
(yesterday) and the conclusion of
the EGM — which has been fixed at
10am on Sept 11 — as a precautionary measure against any unwanted
additions to the board.
Yap Kok Weng is the single largest
shareholder in Wintoni, with a shareholding of 19.77% (as at May 15 this
year), followed by Goodunited Ltd
(10.16% as at March 12, 2014) and
Tey (4.5% as at May 15 this year),
according to Bloomberg.
Earlier this year, Wintoni’s external auditor Messrs SJ Grant
Thornton issued a qualified opinion on the company’s audited annual accounts — for the financial
year ended Dec 31, 2014 — in
May, as they had yet to “physically
sight” some assets of the company
based in the United States worth
RM3.7 million.
However, Wintoni’s latest quarterly result announcement did not
mention anything about the group
having an operation in the US.
Meanwhile, Tey was also embroiled in a boardroom tussle last
year in another Bursa-listed company, Protasco Bhd, which saw him
battling it out with Protasco managing director Datuk Chong Ket Pen
over an alleged breach of contract
with regard to the purchase of an
equity interest in an Indonesian
oil and gas firm.
The series of lawsuits that were
filed throughout the wrangling —
and the subsequent removal of Tey
and his associate Ooi Kock Aun
from Protasco’s board of directors
— raised many eyebrows.
Shares in Wintoni closed up
2.5 sen or 9.62% at 28.5 sen yesterday, after some 3.4 million shares
changed hands.
The stock, which was trading
at seven sen on Jan 2, has shot
up 300% since then to its current
price, with a market capitalisation
of RM153.9 million.
Media Prima chairman quits
KUALA LUMPUR: Media Prima Bhd,
which saw its net profit rise 22.6%
for the second quarter ended June
30, 2015 (2QFY15), announced the
resignation of chairman Tan Sri Johan
Jaffar, 61, effective Aug 31.
He will be replaced by the current
deputy chairman, Datuk Seri Fateh
Iskandar Mohamed Mansor, who
will be redesignated to fill the post
on Sept 1. In a statement to The Malaysian Insider, Johan, who has been
with the group over six years, said his
departure had nothing to do with
his strident defence of the Malaysian Anti-Corruption Commission
(MACC) after several of its officers
were detained recently.
“I would like to make it clear that
I am not in any manner under any
pressure to leave.
“I have decided not to renew my
contract after the fifth year (last year),”
said Johan, whose contract will be
expiring on Aug 31.
As chairman of the anti-graft
agency’s consultation and prevention panel (PPPR), Johan has been
vocal on various issues, especially the
perceived harassment of the agency
and its officers.
He also spoke out after two senior
MACC officers were suddenly transferred to the Prime Minister’s Office,
a move which was later rescinded.
“I remain the chairman of PPPR
and will continue to speak on its behalf justly and without fear and favour,” he added.
His successor Fateh, also 61, is currently group managing director and
chief executive officer of Glomac Bhd.
Fateh is also the president of the Real
Estate and Housing Developers Association (Rehda) Malaysia. He is also
a director of Telekom Malaysia Bhd.
Former Economic Planning Unit
director-general Datuk Raja Datuk
Zaharaton Raja Zainal Abidin, 66,
was also appointed to the media
group’s board as an independent
and non-executive director, with immediate effect.
Meanwhile, the group’s net profit for 2QFY15 came in higher at
RM43.94 million, compared with
RM35.83 million a year ago, on lower
operating expenses and finance costs,
according to its filing with Bursa Malaysia yesterday.
Revenue for 2QFY15, however,
dipped 5.9% to RM365.82 million
from RM388.58 million.
It also declared a first interim dividend of three sen per share, payable
on Sept 30.
For its cumulative six months
(1HFY15), Media Prima’s net profit
was flat at RM62.83 million, compared with RM62.85 million for
1HFY14. Revenue, however, declined 6.4% to RM695.21 million
from RM742.68 million, on sluggish
advertising spending and lacklustre
macroeconomic sentiment.
The group expects lacklustre advertising expenditure and market uncertainties to remain. It will continue
to expand its multiplatform content
and manage costs to improve operational effectiveness and efficiency.
It remains cautiously optimistic
about its financial performance for
FY15.
NEWS IN BRIEF
Gas Malaysia’s 2Q net profit down
31.1%, pays 3.5 sen dividend
BY Y IMIE YO N G
KUALA LUMPUR: Gas Malaysia Bhd’s net profit fell 31.1%
to RM33.68 million or 2.62 sen
a share in the second quarter
ended June 30, 2015 (2QFY15),
from RM48.91 million or 3.81
sen a share a year ago, mainly
after tariff revisions in November 2014 and May this year that
resulted in lower gross profit.
However, revenue rose 17.3%
to RM795.01 million from
RM677.99 million in 2QFY14,
thanks to higher volume of gas
sold and the higher natural gas
tariff.
Gas Malaysia declared a first
interim dividend of 3.5 sen per
share amounting to RM44.94
million for the financial year
ending Dec 31, 2015 (FY15),
payable on Sept 15.
The weak 2QFY15 earnings, meanwhile, dragged net
profit for the six-month period
(1HFY15) lower to RM62.17 million or 4.84 sen a share, down
31.3% from RM90.51 million
or 7.05 sen a share for 1HFY14.
Revenue, however, rose
23.7% to RM1.56 billion from
RM1.26 billion a year ago.
In a filing, Gas Malaysia said
it sees revenue growth in FY15
to be primarily driven by the
increase in volume of gas sold
and number of customers, and
gas tariff revisions.
“The profitability of the
group for FY15 is expected to
be in tandem with the level reflecting the prevailing tariff-setting mechanism framework,”
it added.
Dayang now holds 94.8% in
Perdana Petroleum
BY A H MA D N AQ IB ID R IS
KUALA LUMPUR: Dayang Enterprise Holdings Bhd’s mandatory general offer (MGO) for the
shares it does not own in Perdana
Petroleum Bhd has closed, with
Dayang gaining acceptances for a
further 45.16% stake in Perdana.
As at the closing of the offer
yesterday at 5pm, Dayang received acceptances for some
338.04 million shares, representing a 45.16% equity stake in Perdana (fundamental: 1.15; valuation: 0.8).
This brings Dayang’s total
stake in Perdana to 709.57 million
shares, equal to a 94.8% interest
in the company, according to Perdana’s filing with Bursa Malaysia.
As for Perdana’s warrants,
Dayang received acceptances for
15.13 million shares, representing
49.39% of the total warrant base,
bringing its total holding to 27.9
million warrants or 91.11% of the
outstanding warrants.
To recap, Dayang in May
launched the MGO to acquire
all the remaining shares and
warrants of Perdana not already
owned by Dayang for a cash offer price of RM1.55 per share and
84 sen per offered warrant, respectively.
Dayang indicated that it intends to maintain Perdana’s listing status on Bursa.
Dayang also said the move presents it with an opportunity to
pursue its expansion strategy and
long-term objective of evolving
into a market leader for the provision of hook-up construction
and commissioning services in
the industry.
Perdana shares closed unchanged at RM1.53 yesterday,
with a market capitalisation of
RM1.15 billion. Dayang’s share
price rose three sen or 1.69% to
RM1.80, with a market cap of
RM1.58 billion.
Uzma to invest up to RM471m to
develop offshore supply base
BY Y IMIE YO N G
KUALA LUMPUR: Uzma Bhd has
inked a memorandum of understanding (MoU) with the East
Coast Economic Region Development Council (ECERDC) to
develop an integrated offshore
supply base in Kemaman, Terengganu, with a potential investment
of RM471.48 million over 15 years.
In a filing with Bursa Malaysia, Uzma said its wholly-owned
unit, Uzma Engineering Sdn Bhd,
had entered into an MoU with the
ECERDC yesterday.
The oil and gas (O&G) services provider said it is developing
the “Uzma Group Integrated Offshore Supply Base” at a 20,000
sq m rented land in Teluk Kalong Industrial Estate, Kemaman,
Terengganu.
Uzma’s potential investment
in the project is RM471.48 million
over 15 years. It intends to invest
about RM94.24 million in the first
five years.
Uzma said the project is expected to spur greater economic
growth and generate entrepreneurial and employment opportunities of up to 250 jobs for the
local populace by 2020.
The MoU is not expected to
impact its earnings and net assets
for the financial year ending Dec
31, 2015, but is expected to contribute positively to its earnings
and net assets in the subsequent
financial years.
Uzma, which provides geoscience and reservoir engineering,
drilling, project and operation services to the O&G industry, closed
3.77% higher at RM2.20 yesterday,
for a market value of RM640.06
million.
6 C O R P O R AT E & M A R K E T
RM15b wellness
resort city in Penang
Ewein, Consortium Zenith to develop the project
BY SU PRI YA SURENDR AN
GEORGE TOWN: Ewein Zenith
Sdn Bhd, a joint venture between
Ewein Land Sdn Bhd and Consortium Zenith BUCG Sdn Bhd
(CZBUCG), is teaming up with
CZBUCG which owns 40% of Ewein Zenith shares, to develop the
Wellness City of Dreams at Bandar
Tanjong Pinang, Penang with a
gross development value (GDV)
of RM15 billion.
Ewein Land Sdn Bhd, a wholly-owned unit of Ewein Bhd, holds
the remaining 60% in Ewein Zenith.
CZBUCG chairman Datuk Zarul
Ahmad Mohd Zulkifli said the proposed development will contribute
RM2.5 billion to Penang’s gross
national income, and by extension
the rest of the country. It will also
create an estimated 10,000 jobs.
“Our first priority is to start work
on the three major highways in the
first quarter of next year, which we
believe will alleviate traffic congestion and promote increased trade
and travel between Penang and the
mainland, especially the Northern
Corridor states,” he told reporters
after the signing of a Memorandum of Understanding (MoU) between Ewein Zenith and CZBUCG
yesterday.
Wellness City of Dreams spans
over 50 acres (20.23ha) of land at
Bandar Tanjong Pinang and will
feature a resort-styled development comprising a wellness mall
for healthcare, retirement homes,
and alternative medical care.
Zarul speaking to reporters after inking
the MoU to build the Wellness City
of Dreams project in Bandar Tanjong
Pinang with Ewein Zenith at G Hotel
in George Town yesterday.
Photo by Hasnoor Hussain
The Wellness City of Dreams
project is part of a land swap deal
given to CZBUCG by the Penang
state government for constructing
the Penang undersea tunnel and
three major road bypasses worth
RM6.3 billion.
“We have completed the feasibility studies for the three highways.
We are still conducting the feasibility study for the tunnel, which we
expect to complete within a year,”
said Zarul.
The proposed completion for the
three highways, namely the Air Itam
to Lebuhraya Tun Dr Lim Chong Eu
highway, the 12km paired-road from
Tanjung Bungah to Teluk Bahang, and the 4.2km bypass between
Gurney drive and Lebuhraya Tun
Dr Lim Chong Eu, along with the
6.5km undersea tunnel, is 2025.
Forming part of the Wellness
‘Rectification works never
disrupted flights at klia2’
BY A ZRI L A N N UAR
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) said
yesterday that no flight operations
had been disrupted due to rectification works at Kuala Lumpur International Airport 2 (klia2) since
its opening in May last year, contrary to what had been claimed by
its biggest customer at the terminal
– AirAsia Bhd.
“With regard to the claims made
by AirAsia on frequent bay changes affecting their flight operations,
recorded data from the flight operations centre over the last few
months showed that 85% of bay
changes are the result of requests
made by airlines for a number of
reasons, such as late arrivals and
departures, aircraft swapping and
the airline’s ground handlers towing
the airplane to the wrong bay,” said
MAHB in a statement yesterday.
The airport operator said klia2
had 68 parking bays and eight remote bays, with 30 to 35 bays on average used daily. Usage increases to
55 to 60 bays for night-stop parking.
“Despite the closure of some bays
for scheduled rectification works,
there are always at least 60 bays
available during the day and 66
bays at night.
“Hence, there has been no situation where airline operations were
disrupted by bay closures,” it stated.
All airlines also have advance
notice on which bays will be closed
because the members of the Joint
Inspection Committee, formed in
Dec 2014 and comprises representatives from MAHB, the Department
of Civil Aviation, AirAsia, AirAsia
X Bhd and Malindo Airways Sdn
Bhd, jointly discuss and agree on
the rectification schedule.
City of Dreams development will
be Ewein Zenith’s RM800 million
GDV City of Dreams serviced apartments, which features two blocks of
38-storey towers.
Ewein managing director Datuk
Ewe Swee Kheng said it has received
overwhelming response so far to
the project.
“We have 572 units available, but
(received) registered interest from
1,500 potential buyers. We hope to
be able to achieve a 100% take-up
rate for our development,” said Ewe.
It was earlier reported that Ewein Zenith was working closely
with CZBUCG to explore the potential of the development of the
next piece of land measuring 4.29
acres in Tanjong Pinang.
To this, Zarul said the land will
be given to CZBUCG by the Penang
government based on the milestones achieved on the construction
of the highways and tunnel project.
“The properties in the land swap
deal will be given to us in stages
based on deliverables. Right now,
we have RM170 million in [deliverables] against RM133 million already
delivered to us by the state government in terms of land.
“As such, the 4.29-acre piece of
land is equivalent to RM160 million.
So, once that milestone is achieved
and approved by an independent
consultant, we will get the land,”
he added.
Ewein (fundamental:0.5; valuation: 1.4) shares closed up 10.5
sen or 17.21% yesterday to 71.5 sen,
giving it a market capitalisation of
RM150.8 million.
Genting Singapore swings
to 2Q net loss amid
gaming downturn
BY G H O C H E E Y UA N
KUALA LUMPUR: Singapore-listed
Genting Singapore Plc swung to a net
loss of S$16.93 million (RM48.02 million) or 0.14 Singapore cents loss per
share for the second quarter ended
June 30, 2015 (2QFY15), due to the
downturn of the gaming industry
in Asia.
It posted a net profit of S$102.29
million or 0.84 Singapore cents earnings per share a year ago.
In a filing with the Singapore Stock
Exchange yesterday, Genting Singapore said earnings for 2QFY15 was
also affected by fair value loss from its
portfolio investments that is related
to unfavourable market conditions
in the gaming industry.
“As of this quarter, this portfolio
has been significantly reduced, with
realised net gains over the lifetime
of these investments,” the gaming
group said.
Revenue for 2QFY15 fell 23% to
S$578.15 million from S$751 million
in 2QFY14.
Genting Singapore said Resorts
World Sentosa (RWS) contributed a revenue of S$577.8 million in
2QFY15, a drop of 23% year-on-year
(y-o-y).
It blamed the revenue contraction to the unfavourable global VIP
premium business and rolling win
percentage, causing a y-o-y decrease
in gaming revenue of 28%.
“However, with cost-cutting
measures and the tax refund of
S$102.7 million, adjusted earnings
before interest, taxes, depreciation
and amortisation (Ebitda) of RWS
was S$300.9 million,” Genting Singapore added.
Genting Singapore is a 52%owned unit of Genting Bhd. The poor
2QFY15 results does not augur well
for the parent company.
For the cumulative six months
(6MFY15), Genting Singapore saw
its net profit contract 86% to S$45.74
million or 0.38 Singapore cents per
share from S$330.78 million or 2.7
Singapore cents per share in 6MFY14.
Revenue was down 23% to S$1.22
billion in 6MFY15 compared with
S$1.58 billion in 6MFY14.
Going forward, Genting Singapore said the gaming industry remains weak.
“We maintain a cautious approach
in granting credit under this market condition and continue to focus on the foreign premium mass
and mass market segments in the
region,” it said.
“The opening of our new 557room hotel, Genting Hotel Jurong,
in the bustling commercial area of
Jurong Lake District has been well
received and occupancy has been
encouraging. Genting Hotel Jurong
will play an important role in our
strategy to drive [more visits] to RWS,”
it added.
Genting Singapore also said construction work for Resorts World Jeju
in Jeju, South Korea is progressing as
scheduled.
In Japan, Genting Singapore said
management is preparing for the potential passage of the Integrated Resort Promotion Bill, which has been
submitted to the national legislature.
“We are encouraged to note that
there are signs of more broad-based
support for this Bill.
“With the group’s financial
strength, we continue to look for good
investment opportunities within our
core competencies in gaming, hospitality and leisure industries,” said
Genting Singapore.
Shares in Genting Singapore (fundamental: 2.55; valuation: 0.8) closed
to a five-year low of 79 Singapore
cents yesterday, down 2 Singapore
cents or 2.48%, for a market capitalisation of S$9.46 billion.
Bina Darulaman’s order book rises to RM438m
BY DANI AL I DRAK I
KUALA LUMPUR: Bina Darulaman
Bhd’s outstanding order book has
been lifted to RM438 million, which
comes from its road building, quarry
and construction businesses, said
its group managing director Datuk
Izham Yusoff.
“The group’s construction and
quarry unit, BDB Infra Sdn Bhd, currently has an order book of RM238
million, while BDB Synergy Sdn Bhd
has RM200 million as at August 2015,”
Izham told reporters yesterday after
the group’s signing ceremony with
Malayan Banking Bhd (Maybank)
and OCBC Al-Amin Bank Bhd for
term loan deals totalling RM320
million.
Bina Darulaman’s (fundamental:
1.2; valuation: 2.6) collective order
book stood at between RM150 million
and RM250 million as of April 2015.
Izham noted that BDB Infra on
June 1 received a letter of award from
the Kedah state government to undertake road maintenance in six districts, namely Kota Star/Padang Terap, Kuala Muda/Sik, Kubang Pasu,
Kulim/Bandar Baru, Pendang/Yan
and Baling, for a combined RM209.9
million.
The roadworks remain the biggest
contract value to date for BDB Infra.
Izham noted, however, that it
would be difficult for the group to
stage a repeat performance of the
financial year ended Dec 31, 2014
(FY14) this year, as FY14 saw it receiving a boost from the collaboration
with Perbadanan PR1MA Malaysia
for an affordable housing project
in Kedah.
Bina Darulaman’s net profit grew
14.5% to RM24.22 million for FY14
from RM21.14 million for FY13, while
revenue jumped 17% to RM328.88
million from RM281 million.
Izham said this year, the group
would be looking into property development projects in Perak and the
Klang Valley as part of its plans to
expand beyond the northern state.
Earlier at the event, Bina Darulaman’s property development arm,
BDB Land Sdn Bhd, signed a RM280
million financing deal with Maybank
for the construction cost and development expenses for the redevelopment
of Bandar Darulaman (Darulaman
2.0) in Jitra, Kedah, which carries a
gross development value of RM858
million.
BDB Infra also signed a RM40.4
million agreement with OCBC AlAmin for an Islamic financing facility to finance its new premix plant
and quarry facilities in Sungai Ular,
Kulim, and for the state road maintenance project encompassing the
six districts in Kedah.
“Half of the proceeds from the financing facility from OCBC Al-Amin
will be utilised for the expansion of
BDB Infra’s quarry business towards
southern Kedah, Penang and northern Perak,” said Izham.
IHH: Local healthcare sector
is fundamentally healthy
Patients still visiting hopitals post-GST, room for group to grow
Y I MI E YON G
KUALA LUMPUR: The healthcare
sector in Malaysia is “fundamentally
healthy” after the implementation of
the goods and services tax (GST) and
patients are still visiting hospitals
for treatment, said IHH Healthcare
Bhd managing director and chief
executive officer Dr Tan See Leng.
As for the group, the segments it
operates in are also little impacted
by economic fluctuations, Tan told
reporters after a media luncheon
yesterday.
For example, he said, IHH’s hospitals are able to treat patients with
more complex conditions and complications as the healthcare group has
been continuously moving up the
value chain by providing high-end
integrated services such as oncology
and vascular surgery.
“These particular segments are
price inelastic, therefore we are not
so much subject to all the [economic]
fluctuations,” he added.
Meanwhile, he said there is still
room for the group to grow post-GST.
“With the implementation of GST,
there have been [some] concerns
[but] patients are coming to the hospitals for treatment,” he said.
On the impact of the weakening of
the ringgit on its earnings, Tan said the
group, Asia’s biggest hospital group
by market value, is managing the
fluctuation of a few currencies and
is doing “quite all right” with several
hedging positions.
He added that IHH (fundamental:
1.65; valuation: 0.7) is operating in
different markets with four or five currencies, including the Chinese yuan,
Hong Kong dollar, ringgit, Singapore
dollar, Turkish lira and Indian rupee.
Currently, its Singapore business
contributes about 30% to group revenue. IHH is expected to announce
its second-quarter financial results
on Aug 26.
BMW introduces spunkier 640i Gran Coupé
M E EN A L A KSHA NA
KUALA LUMPUR: BMW Group Malaysia yesterday launched the new
BMW 640i Gran Coupé, which is
now more dynamic and sophisticated with an injected expression of
sportiness — the M Sport Package.
“In the automotive world, the
BMW Group are specialists when it
comes to creating premium sports
coupés. Our tradition of imagining,
designing and building luxurious yet
performance-based four-seat, twodoor coupés are well documented
in automobile history,” said BMW
Group Malaysia managing director
and chief executive officer Alan Harris in a statement yesterday.
“With the new BMW 6 Series Gran
Coupé, we were able to build on this
expertise to create a very appealing sporty and luxurious four-door
coupé which sets a new benchmark
in an all-new automotive segment,”
he added.
The estimated retail prices (on the
road, without insurance) of the new
BMW 640i Gran Coupé is RM788,800.
It is fitted with a comprehensive
range of BMW Efficient Dynamics
features, which work to deliver higher
efficiency combined with reduced
C0 emissions.
Powered by a three-litre six-cylinder in-line engine, the BMW 640i
Gran Coupé is capable of generating
a maximum output of 320hp with
torque peaking at 450Nm, enabling
the sports coupé to sprint from 0 to
100km/h in just 5.4 seconds and
reach a top speed of 250km/h.
Despite the spectacular acceleration power, the new BMW 640i
Gran Coupé remains impressively economical with an average fuel
economy which stands at a notable
7.8 litres per 100km and C0 emis-
The BMW 640i Gran Coupé is powered by
a three-litre six-cylinder in-line engine.
sions of just 182gm per kilometre.
The BMW 640i Gran Coupé also
features a new sports exhaust system with an adjustable flap, which
provides a particularly sporty sound
when the car is set in Sport mode.
KUALA LUMPUR: The General Insurance Association of Malaysia (PIAM)
has revised down its growth forecast
for 2015 to 3% to 4% from 5.5% to
6.5%, owing to the present economic headwinds and the weakening of
the ringgit.
PIAM chairman Chua Seck Guan
said the general insurance industry's
gross written premiums (GWP) grew
at a slower rate of 2.3% to RM9.07 billion in the first half of 2015 (1H15),
compared with 6.4% growth in 1H14.
“Motor insurance registered a
much slower growth rate of 2.1% in
1H15 compared with 8.3% in 1H14,”
Chua told a news conference to announce 1H15 general insurance in-
dustry results yesterday.
Fire insurance saw a higher
growth rate of 5% compared with
4.2% last year, he added.
The other strong performing lines
include marine, aviation and transit
and personal accident with growth
rates of 6.1% and 7.4% respectively,
surpassing 1H14’s growth of 0.4%
and 4%.
On the financial performance,
the industry turned in a higher underwriting profit of RM754 million in
1H15 compared with RM637 million
in 1H14, with industry loss ratio improving to 56.7% from 58.4%.
Chua also said despite the challenging business environment coupled with the weakening ringgit, the
local general insurance industry is
still attractive to foreign investors.
“It is not easy to start a business
and thus, it is much easier for foreign players to invest in local general insurers,” he added, noting that
there is still room for mergers and
acquisitions.
PIAM foresees foreign ownership
of insurance players in Malaysia to
grow further.
Chua, who is also the chief executive officer of MSIG Insurance
(Malaysia) Bhd, said consolidations
are likely to take place among its 22
licensed direct insurance companies.
Presently, PIAM has 28 member
companies consisting of all licensed
direct insurance and reinsurance
companies for general insurance
in Malaysia.
The counter is trading at a
price-earnings ratio (PER) of
60.92 times, according to data
from theedgemarkets.com.
Another healthcare counter on
the local bourse, KPJ Healthcare
Bhd (fundamental: 0.95; valuation:
1.1), which closed at RM4.14 yesterday — up 4 sen or 0.98% for a market
capitalisation of RM4.32 billion —
is trading at a PER of 29.68 times.
IHH operates a network of hospitals providing premium healthcare services with key operations
in Malaysia (Gleneagles, Pantai),
Singapore (Mount Elizabeth) and
Turkey (Acibadem).
Takaso Resources plans RM134.15m
mixed development in Melaka
G H O C H E E Y UA N
PIAM cuts 2015 growth forecast
C YNTHI A B L EMI N
On the valuation of its stock, Tan
said investors generally see the outlook of its home business and businesses in the emerging markets to be
resilient and quite promising.
“The stock price reflects investors’ confidence in the company's
management, strategy and vision,”
he added.
The share price of IHH has been on
an upward trend since the beginning
of the year, rising over 18% from when
it was trading at RM4.80 on Jan 2.
IHH closed at RM5.70 yesterday,
2 sen or 0.35% up from Wednesday’s
close, for a market capitalisation of
RM46.8 billion.
KUALA LUMPUR: Takaso Resources Bhd, a company in the
rubber and baby products industry which has recently ventured
into the construction sector, has
acquired a 37,264.66 sq ft piece of
leasehold land in Taman Melaka
Raya, Melaka, for RM9.32 million
cash. The tenure of the land expires
on Oct 4, 2082.
Takaso executive director Ong
Kah Hoe said in a statement yesterday that its unit Tristar City Sdn
Bhd has signed a conditional sale
and purchase agreement with
Mega Irama Enigma Sdn Bhd for
the land acquisition.
Although the land was initially approved for a seven-storey
budget hotel with 174 rooms,
Takaso said it plans to turn the
project into a mixed development
with a gross development value
of RM134.15 million.
“[The reason is that] it is stra-
tegically located in Taman Melaka Raya, where the area has seen
rapid growth and properties in
the area are in high demand. We
believe the venture will lessen our
dependence on our traditional
businesses,” Ong said.
Takaso executive chairman
Francis Tee said apart from this
project, the group is also negotiating with other parties for “promising deals and projects relevant
to the group”.
“We believe our decision to
widen our income stream contribution is the right way to move forward given so many uncertainties
in our country now,” added Tee.
In a filing with Bursa Malaysia
yesterday, Takaso said the land acquisition will be funded by internal funds, a fund-raising exercise
and/or bank borrowings.
Takaso is targeting to complete
the deal within three months from
the expiry of the unconditional
date.
Talks on for five theme parks
envisioned for Iskandar Malaysia
JOHOR BARU: The Iskandar Regional Development Authority
(IRDA) has been in talks with
several operators to realise its
vision of bringing to Iskandar
Malaysia at least five international theme parks within the
next five years.
Chief executive Datuk Ismail
Ibrahim said the talks were with
parties from Australia, Indonesia, Japan, Europe and North
America.
“As Iskandar Malaysia has
good connectivity, we would like
to see the theme parks spread out
within the region. The parks do
not necessarily have to be outdoor. They can be indoor and
information and communication technology based,” he told
reporters after the opening of the
Small Medium Enterprises City
at Bandar Indahpura, Kulaijaya,
here, on Wednesday.
Ismail hoped at least one of
the theme parks can be launched
by year end or early next year.
Iskandar Malaysia currently
has three theme parks .
Meanwhile, Ismail is optimistic that logistics will be a key
feature of Iskandar Malaysia's
development. — Bernama
8 ST O C KS W I T H M O M E N T U M
This column is an analysis done by Asia Analytica Sdn Bhd on the fundamentals of stocks with momentum that were picked up using proprietary algorithm by Anticipatory
Analytics Sdn Bhd and that first appeared at www.theedgemarkets.com. Please exercise your own judgment or seek professional advice for your specific investment needs.
We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.
LUXCHEM CORPORATION BHD (-ve)
SHARES of Luxchem (Fundamental: 1.7/3,
Valuation: 2.4/3) have risen by a whopping
50.4% year-to-date, partly attributed to its
strong earnings results for 1H2015. The stock
closed 5.3% higher at RM1.20 yesterday on
heavy volume.
For 1H2015, sales increased 12.3% y-o-y to
RM333.6 million while net profit surged 17.1%
to RM11.4 million. Excluding employee share
option (ESOS) expense of RM8.7 million, normalised net profit more than doubled to RM20.1
million, due to higher contribution from both
trading and manufacturing segments.
Concurrently, the company declared an interim dividend of 2 sen per share, which will go
“ex” on September 11. As at end-June, it has net
cash of RM26.3 million or 10.0 sen per share.
Luxchem mainly trades and distributes
industrial chemicals and materials, as well as
manufactures and trades unsaturated polyester resin (UPR) and related products. The
company supplies over 400 types of industrial
LUXCHEM CORPORATION BHD
(ALL FIGURES IN MYR MIL)
chemicals and materials, and is a market leader
in domestic UPR market. Last year, Luxchem
expanded its UPR manufacturing plant in Melaka, boosting its annual production capacity
by 50% to 30,000 metric tonnes.
For 2014, sales jumped 15.0% to RM603.5
million while net profit increased 11.8% to
RM22.0 million, thanks to higher profit generated by the manufacturing segment. Local
market accounted for 75.8% of sales, with the
balance from export, mainly to Vietnam, Indonesia, Thailand and Singapore
Up to June 15, Luxchem has granted a total
of 33.4 million ESOS to eligible directors and
employees, out of which 3.5 million options
have been exercised. All the ESOS are in the
money, whereby 32.0 million have an exercise
price of 71 sen.
The stock is trading at a trailing 12-month
P/E of 12.7 times and 1.76 times book. Dividends totalled 4.5 sen (adjusted for bonus
issue) in 2014, giving a net yield of 3.9%.
Valuation score*
2.40
1.70
Fundamental score**
12.67
TTM P/E (x)
0.65
TTM PEG (x)
1.76
P/NAV (x)
3.93
TTM Dividend yield (%)
300.38
Market capitalisation (mil)
Shares outstanding (ex-treasury) mil 263.49
0.85
Beta
0.65-1.26
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
ng
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a
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rt .
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p
sto
p
Income Statement
Turnover
EBITDA
Depreciation
EBIT
Associates
Interest income
Interest expense
Extraordinary gain/(loss)
Pre-tax profit
Net profit - owners of company
Balance sheet
Fixed assets - PPE
Biological assets
Intangibles & goodwill
Cash and equivalents
Total current assets
ST borrowings
Total current liabilities
Total assets
Shareholders' fund
Long term borrowings
RATIOS
DPS ($)
Net asset per share ($)
ROE (%)
Turnover growth (%)
Net profit growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)
FY12
FY13
FY14
FY2015Q2
31/12/2012
31/12/2013
31/12/2014
30/6/2015
496.9
31.2
1.1
30.1
1.4
2.3
29.2
22.0
524.9
28.3
1.2
27.1
1.5
2.4
26.2
19.6
603.5
32.5
1.5
31.0
1.3
2.7
29.6
22.0
161.0
13.5
0.4
13.1
0.7
0.5
(0.0)
13.2
9.8
19.4
0.3
96.7
227.1
78.8
110.7
136.9
135.9
-
22.4
0.4
86.9
231.9
73.2
110.2
145.5
144.8
-
26.2
0.3
74.2
226.1
54.9
96.3
157.3
156.3
-
25.9
0.2
86.8
257.9
60.5
113.9
171.2
170.6
-
FY12
FY13
31/12/2012
31/12/2013
31/12/2014
0.09
1.05
16.87
(0.40)
(2.94)
4.43
16.75
2.05
13.69
0.08
1.11
14.00
5.64
(10.84)
3.74
13.91
2.11
11.89
0.06
0.60
14.58
14.97
11.77
3.64
14.51
2.35
11.92
L
N
O
IS
le
ab
FY14 ROLLING 12-MTH
0.06
0.65
15.49
16.79
19.39
3.70
15.41
2.26
14.81
E
N
I
http://edgy.my
I N V E ST I N G I D E A S 9
BROUGHT TO YOU BY
I N S I D E R A S I A’S S TO C K O F T H E D AY
UNITED U-LI CORPORATION BHD
UNITED U-Li Corporation Bhd (Fundamental:
3/3, Valuation: 1.7/3) offers investors a combination of attractive growth prospects and
valuations, with decent dividends. The company manufactures and trades cable support
and management systems, integrated ceiling
systems, building materials and light fittings
for infrastructure and commercial projects.
Over the years, Ulicorp has a proven track record
of good sales growth and stable profits. FY2014
marked Ulicorp’s best year yet, with revenue and
net profit increases of 11.6% and 40% to RM172.3
and RM23.2 million respectively, thanks to higher
demand for its products. This trend extended to
1Q15, where net profit rose 14.7% to RM4.7 million.
Furthermore, its stable net margins have recently
trended north of 13% since 2014, due to subdued
steel prices which lowered raw material costs.
Future growth will be driven mainly by capacity
expansion. Two new plants with hot dip galvanizing facilities are under construction in Nilai. Its
current plants at Seri Kembangan, Taming Jaya,
Balakong and Ipoh are already operating at full
capacity, underscoring the strong demand for its
products. Upon completion by end-2015, Ulicorp
expects to double its current capacity. This will reduce its valuations further, which stand at a trailing
12-month P/E of 19.9 times and 2.3 times book.
Another benefit from its expansion exercise
would be the further widening of future profit
margins. This will come from savings in galvanizing
costs, estimated at approximately RM3-5 million per
annum as the company currently outsources it to a
third party. The expansion exercise will be funded
primarily through a private placement of 10% of
its issued shares, which will raise RM51.5 million.
Ulicorp also offers a decent trailing 12-month
dividend yield of 3.61% with a consistent historical payout. Before the private placement
exercise, the company already had a strong balance sheet with net cash of RM44.5 million as
of end March 2015, or about 9.4% of its market
capitalization of RM475 million. This suggests
it should continue to pay decent dividends.
Valuation score*
1.70
3.00
Fundamental score**
19.95
TTM P/E (x)
0.80
TTM PEG (x)
2.26
P/NAV (x)
3.61
TTM Dividend yield (%)
475.20
Market capitalisation (mil)
132.00
Shares outstanding (ex-treasury) mil
0.86
Beta
1.37-4.44
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
Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own
judgment or seek professional advice for your specific investment needs. We are not responsible for your investment
decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.
(ALL FIGURES IN MYR MIL)
Income Statement
Turnover
EBITDA
Depreciation
EBIT
Associates
Interest income
Interest expense
Extraordinary gain/(loss)
Pre-tax profit
Net profit - owners of company
Balance sheet
Fixed assets - PPE
Biological assets
Intangibles & goodwill
Cash and equivalents
Total current assets
ST borrowings
Total current liabilities
Total assets
Shareholders' fund
Long term borrowings
RATIOS
DPS ($)
Net asset per share ($)
ROE (%)
Turnover growth (%)
Net profit growth (%)
Net margin (%)
ROA (%)
Current ratio (x)
Gearing (%)
Interest cover (x)
FY12
FY13
FY14
FY2015Q1
31/12/2012
31/12/2013
31/12/2014
31/3/2015
147.3
27.6
4.8
22.8
0.7
1.0
22.5
17.0
154.3
30.4
5.3
25.2
0.5
1.2
24.5
16.6
172.3
36.3
5.6
30.7
0.8
0.7
30.8
23.2
44.2
7.7
1.4
6.3
0.3
0.5
6.1
4.7
50.3
0.0
49.7
163.3
19.4
33.8
181.2
179.6
0.2
63.5
0.0
51.7
162.0
22.1
33.8
192.8
191.2
0.1
66.3
0.0
68.1
176.5
18.4
37.3
206.1
205.2
0.1
67.7
0.0
73.4
187.1
28.9
44.7
210.9
209.9
0.1
FY12
FY13
31/12/2012
31/12/2013
31/12/2014
FY14 ROLLING 12-MTH
0.02
1.36
9.81
3.28
3.38
11.56
9.73
4.84
28.02
0.05
1.45
8.95
4.80
(2.58)
10.75
8.87
4.79
26.23
0.10
1.55
11.72
11.62
40.03
13.48
11.65
4.72
49.98
0.13
1.59
12.02
6.82
25.07
13.72
11.94
4.19
34.67
10 B R O K E R S’ C A L L / T E C H N I C A L S
A vicious ‘head and
shoulder’ breakdown
BY LEE CHENG HOOI
U
S markets ended
slightly mixed on
Wednesday as investors bargain
hunted oversold
stocks despite the
initial downside volatility which
was brought about by China’s devaluation of its currency for two consecutive days. The S&P 500 Index
inched up 1.98 points to 2,086.05
points while the Dow inched down
0.33 points to end at 17,402.51.
In Malaysia, the FBM KLCI index moved in a wider range of
69.31 points for the week with
higher volumes of 1.86 billion
to 2.49 billion traded. The index
closed at 1,621.62 on Aug 13, up
11.69 points from the previous day
as blue-chip stocks like AMMB
Holdings Berhad, CIMB Group
Holdings Berhad, Genting Malaysia Berhad and Public Bank Berhad
caused the index to rise on some
miniscule nibbling activities. The
ringgit was much weaker against
the US dollar at 4.0150 as Brent
crude oil inched up to US$49.70
(RM199.29) per barrel.
The index rose on a rally from
the 801.27 low (October 2008) to its
1,896.23 all-time high (July 2014)
and it represents an extended Elliott
Wave “flat” rebound in a “pseudobull” rise completed. The next few
months’ index price movements
since July 2014 comprised of key
swings of 1,837.28 (low), 1,879.62
(high), 1,766.22 (low), 1,858.09
(high), 1,671.82 (low), 1,810.21
(high), 1,706.18 (low), 1,831.41
(high), 1,774.30 (low), 1,867.53
(high), 1,685.03 (low) and 1,744.19
(high).
Most of the index’s daily signals
have turned negative, with its CCI,
DMI, MACD and Oscillator indicators showing very bad sell readings.
As such, the index’s weaker support levels are seen at the 1,526-,
1,590- and 1,603-levels, while very
heavy selling at the resistance areas
of 1,625, 1,660 and 1,744 will cap
any index rebound. The immediate downside targets for the index
are now located at 1,585 and 1,554.
The FBMKLCI’s 18 and 40 simple moving averages (SMA) depict
a clear downtrend for its short-term
daily chart while the 50 and 200
SMA have also intersected with a
“dead cross” as well. Therefore, this
will not augur well for the index in
the short to longer term.
Furthermore, the FBMKLCI had
broken a very critical “neckline”
support of a major “head and shoulder” pattern on Aug 10. The implied
target of such a breakdown pitches
the medium-term downside target
at 1,448.
Due to the softer tone for the
FBMKLCI index, we are recommending a chart “sell” on MMC
Corporation Berhad (MMC). There
was little news on MMC recently.
The only obvious piece of news
was that it sold a piece of land in
Johor for RM370 million in early
August 2015.
A check on the Bloomberg consensus reveals that seven research
houses have coverage on the stock,
with five “buy” calls and a “hold”
and “sell” call each. MMC currently trades at a low historical
price-earnings ratio of 11.08 times.
Its price-to-book value ratio of
0.74 times indicates that its share
price is trading at a discount to its
book value.
MMC’s chart trend on the daily,
weekly and monthly time frames
is very firmly down. Its share price
made an obvious plunge since its
major daily Wave-C high of RM2.76
on April 21. Since that RM2.76 high,
MMC has tumbled to its August
recent low of RM1.77.
As prices broke above its recent
key critical support levels of RM2.05
and RM2.13, look to sell MMC on
any rallies to its resistance areas as
the moving averages depict a very
firm short to long-term downtrend
for this stock.
The daily, weekly and monthly indicators [like the CCI, DMI,
MACD and Oscillator] have issued
clear sell signals and now depict
firm indications of MMC’s eventual plunge towards lower levels. It
would attract firm selling activities
at the resistance levels of RM1.84,
RM2.13 and RM2.55. We expect
MMC to witness weaker buying at
its support areas of RM1.42, RM1.58
and RM1.77. Its downside targets
are located at RM0.59, RM1.12 and
RM1.28.
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 judgment or seek professional advice for
your investment decisions. Technical reports appear on Wednesdays
and Fridays.
Hong Leong Bank’s rights issue to
strengthen group’s capital position
Hong Leong Bank Bhd
FYE JUNE (RM MIL)
THE EDGE FILE PHOTO
Hong Leong Bank Bhd
(Aug 13, RM12.82)
Maintain market perform with target price (TP) of RM14.22: Yesterday
Hong Leong Bank Bhd (HLB) announced a proposal to undertake a
renounceable rights issue of new HLB
shares to its shareholders to raise
gross proceeds of up to RM3 billion.
The rights issue is expected to
be completed in the fourth quarter
of financial year 2015 (4QFY15).
According to management, it envisioned that the proposed exercise
will strengthen the group’s capital
position to continuously support
its business growth and facilitate
the build-up of an adequate level
of capital buffer for forthcoming
regulatory capital requirements.
The rights issue is larger than
our earlier estimates of between
RM2.1 billion and RM2.2 billion.
The RM3 billion to be raised
from the rights issue has the immediate impact of diluting the group’s
return on equity to 12.52% (from
13.63%) and earnings per share to
RM1.05 (from RM1.27) for FY16.
At an illustrative rights issue
price of RM10.19, the average investment cost is RM12.43 per share.
Based on illustrative information
provided, the indicative allotment
basis is nine rights shares for every
55 shares held at an issue price of
RM10.19.
Assuming shareholders enter at
a cost of RM12.82 per share (price
at close of market yesterday) and
later subscribe to the rights issue
(at the illustrative price of RM10.19
per rights issue share), the average
investment in HLB would amount
Net interest income
Islamic banking inc.
Non interest income
Total income
PBT
Net profit (NP)
Consensus NP
Earnings revision (%)
EPS (sen)
EPS growth (%)
DPS (sen)
BV/Share (RM)
ROE (%)
PER (x)
Price/NTA (x)
Price/Book (x)
2014A
2015E
2016E
2,662.2
434.4
942.5
4,039.1
2,613.2
2,102.3
116.9
13.3
41.0
8.08
15.3
12.2
2.1
1.8
2,733.1
537.4
1,025.5
4,295.9
2,746.2
2,197.0
2,162.7
122.1
4.5
42.7
8.92
14.4
11.6
1.8
1.6
2,822.3
554.1
1,111.0
4,487.4
2,861.1
2,288.8
2,306.6
127.2
4.2
44.5
9.76
13.6
11.2
1.6
1.5
Source: Kenanga research
to RM12.43 per share.
No changes were made to our
forecasts. The group is poised to release its 4QFY15 results on Aug 25.
Our TP is unchanged based on
1.52 times calendar year 2015 price-
to-book ratio pending the 4QFY15
results. Risks to our call are steeper
margin squeeze from tighter lending rules and stronger and expected
competition, weaker competition
from its Chinese associate, slow-
er-than-expected loans growth and
deposits as well as higher-thanexpected credit charges as a result of potential upcycle in nonperforming loans. — Kenanga Investment Bank Bhd, Aug 13
B R O K E R S’ C A L L 11
Perisai seen to delay delivery of second rig from August to 1H16
Perisai Petroleum Teknologi Bhd
(Aug 13, 34 sen)
Maintain hold with a reduced target price (TP) of 30 sen from 58
sen: Perisai Petroleum Teknologi
Bhd’s first half of financial year 2015
(1HFY15) profit hit RM8.6 million,
only making up 17% of Hong Leong Investment Bank Bhd’s and
the consensus full-year forecasts.
Deviations were mainly due to
a discount rate given to its Perisai
Pacific 101 rig.
We estimate that the daily charter
rate was revised from US$144,000
(RM577,627) to US$110,000 per day.
Quarter-on-quarter, second quarter of FY15 profit after tax and minority interests fell 77%, mainly due to
lower charter rate commands for its
Perisai Pacific 101 rig.
To recap, Perisai secured a threeyear firm charter contract worth
US$158 million from Petroliam Nasional Bhd, which translates into a
charter rate of US$144,000 per day.
The current charter rate for
jack-up rigs is hovering between
US$100,000 and US$120,000 per
day, which has fallen 20% to 33%
since the middle of last year.
Hence, we have revised our daily charter rate assumptions from
US$144,000 per day to US$110,000
per day for FY16 onwards.
We estimate the earnings before
interest, taxes, depreciation and amortisation level to remain positive at
US$110,000 per day, but profit before
tax will barely break even.
In addition, given the current
soft market, we expect Perisai to
delay the delivery of its second rig
from August to the first half of 2016
(1H16), which will provide more
time to search for the potential
contract before delivery.
Both its mobile offshore production unit (Mopu) and its Enterprise
3 (E3) barge remain idle since Sep-
Perisai Petroleum Teknologi Bhd
FYE DEC (RM MIL)
Revenue
Ebitda
Ebit
PBT
Patami
EPS (sen)
PER (x)
BV
P/BV
ROA (%)
ROE (%)
2013
2014
2015E
2016E
111.7
41.8
41.8
38.0
71.8
7.9
4.1
0.8
0.4
4.7
8.4
122.1
56.6
9.5
31.8
17.7
1.5
21.9
0.7
0.5
0.9
2.0
328.8
157.6
61.5
18.9
13.0
1.1
29.7
0.7
0.5
0.5
1.4
480.1
205.3
99.2
50.1
44.2
3.7
8.7
0.7
0.5
1.7
4.7
Source: HLIB
tember 2013, with an estimated burn
rate of RM3.3 million per month.
Given the correction in oil prices,
we foresee difficulty to secure contracts for both vessels.
We have already assumed zero
contribution from both vessels for
Nestle’s 1HFY15
core earnings within
expectations
Nestle (M) Bhd
(Aug 13, RM72.28)
Maintain hold with a target
price (TP) of RM77.20: Nestle
(M) Bhd’s first half of financial
year 2015 (1HFY15) core earnings of RM311.8 million (an 3.2%
increase year-on-year [y-o-y])
came in within our and consensus expectations, accounting for
53% and 52% respectively, of our
and market expectations.
We deem the results to be inline as the 1H has traditionally
been the stronger half, making
up 50% to 60% of full-year earnings.
The group’s 1HFY15 turnover
declined 4.8% y-o-y to RM2.4 billion due to weaker demand in the
domestic market (a 2% decrease
y-o-y), particularly in the second
quarter of FY15 (2QFY15), after
the implementation of the new
tax regime.
Despite the weaker top line,
Nestle managed to chalk up a
3.2% y-o-y growth in 1HFY15
earnings, due to the easing of key
raw material prices and effective
internal cost-saving initiatives.
As a result, 1HFY15 earnings
before interest and tax margin
expanded 1.4 percentage points
y-o-y to 17.3% (1HFY14: 15.9%).
On a segmental profit basis,
Nestle’s 2QFY15 revenue and
core net profit declined quarter-on-quarter by 10.6% and
34.1% respectively.
This was mostly underpinned
Nestle (M) Bhd
FYE DEC (RM MIL)
Revenue
Ebitda
Pre-tax profit
Net profit
EPS (sen)
PER (x)
Core net profit
Core EPS (sen)
Core EPS growth (%)
Core PER (x)
Net DPS (sen)
Dividend yield (%)
EV/Ebitda (x)
Affin/consensus (x)
2013
2014
2015E
2016E
2017E
4,787.9
843.6
719.1
561.7
239.5
30.0
561.7
239.5
11.2
30.0
235.0
3.3
20.1
-
4,808.9
732.5
701.2
550.4
234.7
30.6
550.4
234.7
-2.0
30.6
235.0
3.3
23.2
-
5,382.6
912.3
753.3
587.6
250.6
28.7
587.6
250.6
6.8
28.7
254.0
3.5
18.7
1.0
5,520.0
976.5
819.1
638.9
272.5
26.4
638.9
272.5
8.7
26.4
284.0
3.9
17.4
1.0
5,652.7
1,045.1
891.7
695.5
296.6
24.2
695.5
296.6
8.9
24.2
292.0
4.1
16.2
1.0
Source: Company, Affin Hwang forecasts, Bloomberg
by weaker domestic demand as
consumers tightened their purse
strings after the implementation
of the goods and service tax.
This was in line with expectations as we had earlier noted that
consumers had already stocked up
on the group’s products in 1QFY15,
particularly its Milo, infant formulas and baby food.
The group also announced its
first single-tier dividend per share
of 65 sen (2QFY14: 60 sen).
Given that there were no major surprises in the results, we are
keeping our earnings forecast unchanged at this juncture.
Although we expect weaker
consumer spending in 2015, we
believe that Nestle will be able to
ride out the tougher environment,
thanks to its solid brand name and
strong product mix consisting of
food staples.
We maintain our “hold” call
with an unchanged dividend discount model-based 12-month TP
of RM77.20.
Dividend yields of 3% to 4% in
our forecasts should provide some
support for the share price.
Downside risks to our view include slower-than-expected consumer spending and a spike in raw
material costs.
The upside risk would be a less
competitive environment from
other food and beverage producers. — Affin Hwang Investment
Bank Bhd, Aug 13
FY15, and only assume a 50% utilisation rate for its Mopu in FY16,
with the E3 likely to be disposed
of by the end of the fourth quarter of 2015.
According to channel checks, the
number of rigs in Malaysia has fall-
en from 15 rigs a year ago to seven
to eight rigs currently.
Hence, we remain cautious about
Perisai and expect to see pressure
from its lower charter and utilisation rates.
Risks to our call include delay in
contract award for the Mopu and
execution risk.
Forecasts for FY15 and FY16 earnings have been reduced by 74% and
49% respectively, after taking into
account lower charter rate assumptions for its jack-up rigs.
Catalysts include securing drilling
contracts before rig delivery, new
contracts for the E3 and Mopu, and
expansion into the exploration and
production segment.
We maintain our “hold” call with
the TP adjusted from 58 sen to 30
sen, based on the unchanged eight
times FY16 price-earnings ratio post
earnings downgrade. — Hong Leong
Investment Bank Bhd, Aug 13
Karex enters into SPA to acquire
Medical-Latex (Dua)
Karex Bhd
(Aug 13, RM3.30)
Maintain hold with a higher
target price of RM3.37 from
RM3.08: Karex Bhd announced
that it had entered into a conditional share purchase agreement to acquire 100% of the issued and paid-up share capital
of Medical-Latex (Dua) Sdn Bhd
(MLD) from Beiersdorf Aktiengesellschaft AG, a German multinational company listed on the
Frankfurt Stock Exchange that
produces skincare products for
world-renowned brands, such
as Nivea, Eucerin and La Prairie.
The purchase consideration of
RM13 million represents a priceto-book value ratio of 1.09 times.
MLD is principally engaged in
the manufacturing of Beiersdorf’s
condom brands, such as Duo and
Harmony, for the European and
Latin American markets.
It also produces its own inhouse brands, such as ESP (Enjoyable Safe Pleasure) and N’Joy.
The proposed acquisition will
be completed by early October.
We are not surprised by Karex’s move to acquire MLD as it
has raised proceeds of RM158
million from a private placement
for a few acquisitions.
We see this move as a positive
one as Karex could tap MLD’s distribution network to distribute its
products in Singapore, Malaysia,
and potentially Europe and Latin
America if Beiersdorf opts to dispose of its own brands Duo and
Harmony in the future.
Karex has the first right of refusal to acquire Duo and Harmony.
The super thin condoms (thinner than Karex’s thinnest condoms) that are manufactured
by MLD will also help Karex to
penetrate into new markets.
It will also get a five-year exclusive contract to supply condoms
to Beiersdorf at lucrative prices.
Aside from these, the acquisition will also allow Karex to
absorb talents from MLD, which
will help it to expand its business.
The acquisition of a reputable
manufacturer also means that
potential new entrants will now
have fewer good companies to
acquire as a means to enter the
market to compete with Karex.
Investors should stay on the
sidelines. Karex has strong fundamentals, but we think that the
stock is still fairly valued for now.
— CIMB Investment Bank Bhd,
Aug 13
Karex Bhd
FYE JUNE (RM MIL)
Revenue
Operating Ebitda
Net profit
Core EPS (RM)
Core EPS growth (%)
FD core P/E (x)
DPS (RM)
Dividend yield (%)
EV/Ebitda (x)
P/FCFE (x)
Net gearing (%)
P/BV (x)
ROE (%)
CIMB/consensus EPS (x)
Source: CIMB, company reports
2013A
2014A
2015F
2016F
2017F
231.4
48.0
32.67
0.05
172
63.20
0.00
43.24
69.8
8.8
19.36
35.8
-
285.3
64.0
48.81
0.07
49
42.30
0.017
0.54
31.28
197.8
(28.7)
9.25
29.6
-
317.1
82.1
59.75
0.09
22
34.56
0.022
0.72
22.32
42.5
(54.9)
4.84
18.4
0.95
382.5
112.2
81.07
0.12
36
25.47
0.030
0.98
16.54
na
(43.1)
4.24
17.8
0.98
439.8
134.7
97.17
0.15
20
21.25
0.036
1.18
13.39
25.7
(47.0)
3.69
18.6
0.92
12 G E N E R A L N E W S
No news yet of Umno
supreme council meeting
Discontent in party may force another postponement
BY MD I ZWA N
KUALA LUMPUR: All signs point
to another postponement of the
Umno supreme council meeting scheduled for Aug 28, as the
party deals with the storm that
is brewing in the wake of last
month’s Cabinet reshuffle.
Umno secretary-general Datuk Seri Tengku Adnan Tengku Mansor has yet to announce
whether the meeting will go on.
“The meeting is in the secretary-general’s schedule, but he
has yet to decide whether to call
for it or not,” a party source told
The Malaysian Insider.
Discontent among party grass
roots over the Cabinet reshuffle
First batch of
2,500 technical
and vocational
graduates
BANTING: The Ministry of Education (MoE) will produce the
first group of 2,500 technical and
vocational graduates next year
in line with the national aspiration to achieve developed nation status.
The director of the Technical and Vocational Education
Division of MoE, Zalihar Abdul
Ghani said the graduates from
15 pioneer colleges nationwide
were the outcome of the technical and vocational education
transformation implemented by
the ministry since 2012.
She said the four-year study
programme provided by the
MoE qualified the graduates to
be awarded the Malaysian Vocational Diploma/Malaysian
Skills Diploma to fulfil the needs
of the industry.
“Previously, school-leavers
only had the SPM (Sijil Pelajaran Malaysia), but those following the technical and vocational
education stream come out with
the diploma qualification at the
age of 19.
“This is part of the government’s efforts to churn out more
skilled graduates to achieve the
requirement for 40% skilled work
force in order to become a developed nation,” she told reporters
after opening the ‘Festival Skil
Raya’ at Kolej Vokasional Sultan
Abdul Samad here yesterday.
Zalihar said so far, the MoE
had 81 vocational colleges nationwide, and six more were being built and expected to be operational next year. — Bernama
— which saw Umno deputy president Tan Sri Muhyiddin Yassin
and vice-president Datuk Seri
Mohd Shafie Apdal dropped from
their government posts — is said
to be among the reasons Tengku
Adnan is hesitating to call for a
meeting.
“Since the Cabinet was reshuffled, there have been no signs
that the conflict within the party
will abate.
“You can see how heated the
division and wing meetings have
become, and it doesn’t seem like
the grass roots will stop criticising
the president,” said the source, referring to party president Datuk
Seri Najib Razak.
This could be the second time
in a row the top leaders of the party have postponed its meeting. The
council was to decide on Muhyiddin and Mohd Shafie’s fate in the
party at its July 29 meeting, but it
was called off at the 11th hour.
Najib dropped the two leaders from his Cabinet after they
had openly voiced their criticism
over his handling of the 1Malaysia Development Bhd (1MDB)
scandal.
When met on Monday, Tengku
Adnan told The Malaysian Insider
that he had yet to decide whether
the Aug 28 meeting would go on.
“Wait, I will make a statement,”
he had said.
But delaying the meeting will
soon no longer be an option, as
Umno’s constitution states that
the supreme council must convene once every two months, or
when a president calls for it, or
when two-thirds of the council
pen a request for the meeting to
be held.
“If the secretary-general does
not call for a meeting in accordance with Article 9.13.2 within 14
days of the request being made,
then the members who made the
request can call for a meeting on
the condition that all supreme
council members are invited.
“The meeting can be carried
out if at least one-third of the supreme council members are in
attendance,” sources said. — The
Malaysian Insider
Transgender persons used wrong
channel in legal challenge, says lawyer
PUTRAJAYA: Three transgender persons used the wrong legal channel to
challenge the Negeri Sembilan state
syariah enactment that criminalises
cross-dressing by Muslim men, the
Federal Court was told yesterday.
The enactment penalises Muslim
men who dress or pose as women.
Counsel Tan Sri Muhammad Shafee Abdullah, representing the Negeri
Sembilan government, submitted
that they should have brought their
challenge on the issue of constitutionality of the enactment by way of
petition straight to the Federal Court.
He said the transgender persons
must first obtain leave from a Federal
Court judge to pursue their petition.
However, the trio had filed a judicial review application at the Civil
High Court to seek a declaration that
Section 66 of the Syariah Criminal
(Negeri Sembilan) Enactment 1992,
which criminalises Muslim men for
cross-dressing, was invalid and unconstitutional.
“Their judicial review at the High
Court was premature as there was no
decision by the public authority. The
High Court and the Court of Appeal
should have not entertained their application and appeal,” Muhammad
Shafee said.
In the judicial review application,
he said, there must be a decision to
be challenged by the applicant, but in
this case there was no decision made
by the public authority.
The three transgender persons are
Muhamad Juzaili Mohamad Khamis,
26, Syukor Jani, 28, and Wan Fairol
Wan Ismail, 30. In their judicial review, the three who are bridal makeup artists claimed that Section 66 did
not apply to them as gender identity
IN BRIEF
Law Reform (Marriage and
Divorce) Act being amended
KUCHING: An amendment to
the Law Reform (Marriage and
Divorce) Act 1976 is being drafted by the Attorney-General’s
Chambers, according to Minister
in the Prime Minister’s Department, Nancy Shukri. She said
the amendment was meant to
harmonise civil and syariah law
and protect the welfare of exwives and their children. “The
syariah law would be taken into
consideration in the amendment
draft,” she told reporters after
officiating the 10th Triennial
Union of Telecoms Employees’
Sarawak Delegates Conference
here yesterday. The Malaysian
Bar Council had proposed the
amendment to the government,
to prevent unilateral religious
conversions involving minors.
— Bernama
Police to question DAP’s
Rara over Facebook post
KUALA LUMPUR: DAP’s young
activist Syefura Othman was
summoned by the police yesterday for sedition after reports
were lodged over her Facebook
posting which allegedly insulted
the royal institution. The young
activist, who is popularly known
as Rara, said she would have her
statement recorded by the police at the Dang Wangi district
police station today. Rara said
she will be accompanied by her
lawyer Gobind Singh Deo. She
explained that her posting was
made in September last year,
which was related to the issue
of activist Ali Abd Jalil and law
lecturer Dr Azmi Sharom. — The
Malaysian Insider
Australia dismisses sonar
images as not of MH370
Filepic of the three transgender persons who had filed the judicial review.
Photo by The Malaysian Insider
disorder (GID) sufferers.
Muhammad Shafee was submitting before a five-member bench led
by Court of Appeal President Tan Sri
Md Raus Sharif in the appeal by the
Negeri Sembilan government, the
Negeri Sembilan Department of Islamic Religious Affairs, its director,
the Negeri Sembilan syariah enforcement chief, and its chief prosecutor.
The five are appealing against the
Court of Appeal landmark decision
declaring invalid the state syariah enactment that criminalises cross-dressing by Muslim men after allowing the
trio’s appeal.
Counsel Aston Paiva, acting for the
three, countered that he had filed the
legal action through a judicial review
as his clients had sought a declaration and the application was properly
filed under Order 53 of the Rules of
Courts 2012.
On Oct 11, 2012, the Seremban
High Court dismissed the judicial
review application by the three transgender persons and ruled that their
rights under the Federal Constitution
were to be disregarded as they were
by virtue born male and Muslim.
In the application they claimed
that they had been arrested and harassed by authorities. The allegedly
male-to-female transsexuals claimed
a psychiatrist at Hospital Kuala Lumpur had confirmed that they suffer
from GID.
On Nov 7, 2014, the Court of Appeal unanimously allowed their
appeal to set aside the High Court
ruling.
The Federal Court panel, whose
other members are Federal Court
judges Tan Sri Ahmad Maarop, Tan
Sri Hasan Lah, Datuk Azahar Mohamed and Datuk Zaharah Ibrahim,
reserved judgement to a date to be
fixed. — Bernama
PERTH: Australian authorities dismissed news reports
claiming that sonar images
of two box-like shapes on the
floor of the Indian Ocean could
be from the missing MH370
airliner, reported Australia
Associated Press (AAP). The
news agency quoted a spokesman for Transport Minister
Warren Truss as confirming
that the objects were not from
the Malaysia Airlines flight
MH370. “These are old images, discounted months ago. In
fact, they are the least likely
to be aircraft debris,” said the
spokesman. — Bernama
MH370 plane sank in
almost one piece
KUALA LUMPUR: The missing
MH370 aircraft is believed to be
“largely intact” and lying somewhere beneath the southern Indian Ocean, according to local
satellite communications expert
Zaaim Redha Abdul Rahman.
His theory is that it sank into
the deep sea in one piece “after
probably floating for a while” on
that fateful day the plane went
down, Bernama reported. “I believe that when the aircraft went
out of fuel, it glided downwards
and landed on the water with a
soft impact ... that’s why I believe
the plane is still largely intact,”
said Zaaim Redha. — Bernama
13
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14 G E N E R A L N E W S
‘Extra Cabinet posts won’t
help MCA regain clout’
But making a stand on national issues might — observers
BY EI L EEN N G
KUALA LUMPUR: Senior ruling
coalition party MCA might have
gained two additional ministerial posts in the recent Cabinet reshuffle, but it still has a long way
to go before regaining support
from Malaysians, including its core
group of targeted supporters, the
6.9 million Chinese community.
A key member of the ruling Barisan Nasional (BN), MCA has its
work cut out for it, even with the
additional government posts, if it
wants to regain its former stature
prior to the watershed 2008 general election when the coalition lost
its customary two-thirds majority
in Parliament.
While some point out the benefits of more Cabinet posts, these
may not help it shake off the core
image problem that it defers to its
Malay ruling partner, Umno.
Further, MCA has remained
largely silent on national issues
at a time when many, including
from within Umno, are criticising
the government.
“MCA may be able to gain back
some support from these two portfolios, but the crux lies in its ability to make a stand on national
issues,” said Tang Ah Chye of the
Selangor and Kuala Lumpur Chinese Assembly Hall.
“On the whole, MCA seemed
to be more of a bystander and
doesn’t seem to have much to
say,” Tang added.
The 12th general election in
2008 saw MCA only winning 15
federal and 32 state seats. It was
further debilitated in the following
general election in 2013, garnering
only seven parliamentary and 11
state seats.
Beset with internal bickering
and a leadership tussle, it then
decided not to take up any government posts, only for the decision to
be overturned nine months later
when Datuk Seri Liow Tiong Lai
took over the party’s reins.
Four months later, MCA was
awarded two minister’s and three
deputy minister’s posts. Liow is
now the transport minister.
Last month, it was given a third
minister’s post and a deputy minister’s post in a Cabinet reshuffle,
which saw the other main BN coalition party, MIC, losing its second
Cabinet post given after the 2013
general election.
MCA secretary-general Datuk Seri Ong Ka Chuan was appointed as international trade
and industry minister II, while
Youth chief Senator Chong Sin
Woon was made deputy education minister.
Federation of Chinese Associations Malaysia (Hua Zong) president Tan Sri Pheng Yin Huah said
Ong’s post would pave the way for
smoother business links between
Malaysia and trading partner giant China.
“Our economy is tied closely
with China’s. Having a Mandarin-speaking minister, who is also
well versed in Chinese culture, will
further smoothen the relationship
between both countries,” Pheng
was quoted as saying by an English daily recently.
But Malaysians at large do not
relate to the appointments and
Centre for Policy Initiative director Dr Lim Teck Ghee said such a
sentiment among the public would
not help the party.
He said the additional posts do
not add up to any increased clout
in government policymaking or
implementation.
Lim said that as long as Umno
called the shots in BN, other allies are just part of the “window
dressing” to give the appearance
of a multiracial coalition.
“Most Malaysian Chinese are
feeling the economic pinch and,
rightly or wrongly, are looking
at the government as the main
cause,” he said.
This was echoed by University
of Tasmania Asia Institute director
Dr James Chin, who said that while
Chinese groups may welcome the
appointments as it allowed them
easier access to government, ordinary Malaysians were likely not
impressed.
“Ordinary Chinese do not care
about MCA. They see MCA as a
toothless tiger,” he said. — The
Malaysian Insider
Activists call for registry
of child sex offenders
BY D I N A ZA MA N
KUALA LUMPUR: The death of
the baby of an 11-year-old girl
this week has reignited calls by
activists for the authorities to set
up a registry of sex offenders as
a start to more stringent laws to
address the issues of paedophilia
and child rape.
The Year Five mother had complained of stomach pains and was
found to be in labour last week. She
was rushed to the hospital where
her baby was delivered. The infant,
however, died days later.
Advocates of child rights say
the case is the tip of the iceberg
of the growing number of child
sex abuse cases in the country,
and reiterated calls for a child sex
offender registry to be set up to
protect minors.
Dr Ng Chong Guan, a psychiatrist based in Petaling Jaya, said
the need to keep track of child
sex offenders was crucial as paedophiles know that their actions
are not socially acceptable and
therefore will go to great lengths to
keep their urges away from public
attention.
Activists claim their calls have
been met with roadblocks. Police
say they don’t have enough resourc-
es, and neither can they decide
what kind of registry is needed.
Inspector-General of Police Tan
Sri Khalid Abu Bakar has said there
are no plans to set up a child sex
offenders registry at the moment,
and that under existing legislations,
the criminal records of offenders
cannot be disclosed to the public.
In its 2013 annual report, PS The
Children, a non-profit organisation dedicated to helping sexually
abused children, reported that out
of 2,584 criminal cases involving
children in 2012, 285 cases involved
child abuse, while the remaining
2,299 children were raped.
Police statistics also revealed
an almost threefold increase in
reported rape cases between 2000
and 2009. In 2012 and 2013, more
than 65% of all sexual assault victims were under 18 years of age.
Child activist Dr Hartini Zainudin said the police consider children unreliable witnesses.
The issue of child marriages and
child rape in Malaysia is a complicated and sensitive one.
In Malaysia, the legal minimum
age for marriage is 18, but it is 16
for Muslim girls. Those aged below
16 can marry with the consent of
the Syariah Court. — The Malaysian Insider
Cosgrove (second left) and his wife (left) with Najib and Rosmah in Putrajaya yesterday.
Photo by Bernama
Malaysia welcomes
Australia governor-general
PUTRAJAYA: Governor-General of
Australia Sir Peter Cosgrove was
accorded an official welcoming ceremony at Dataran Perdana here
yesterday in conjunction with his
maiden visit to Malaysia.
Cosgrove and his wife Lady Cosgrove were greeted by Prime Minister Datuk Seri Najib Razak and
Datin Seri Rosmah Mansor upon
their arrival at 9am.
The governor-general is on a
five-day state visit.
Deputy Prime Minister Datuk
Seri Dr Ahmad Zahid Hamidi, Chief
Secretary to the Government Tan
Sri Dr Ali Hamsa, Cabinet ministers, foreign diplomats and senior
government officials were also at
the ceremony.
Cosgrove was scheduled to receive a courtesy call from Najib
at a leading hotel in Kuala Lumpur at noon yesterday while in the
evening, the distinguished visitors
were due to attend a dinner hosted
by Najib and his wife at Seri Perdana, Putrajaya.
A Wisma Putra statement said
Cosgrove’s visit would cement further the long-standing bilateral
relations between Malaysia and
Australia, and signifies the depth
and breadth of cooperation established between the two countries.
— Bernama
‘Religious
council can
dictate who
can practise
syariah law’
BY V A N B A L AG A N
PUTRAJAYA: Non-Muslim lawyers are barred from practising syariah law in the Federal Territories as the religious
authorities are given powers
to impose such restrictions,
senior federal counsel Shamsul Bolhassan told the Federal
Court yesterday.
He told the five-man bench
led by Tan Sri Raus Sharif that
the Administration of Islamic
Law (Federal Territories) Act
1963 allowed the religious
council to enact procedures,
qualifications and rules.
Shamsul said Section 59 (1)
of the Act states that any person
may be admitted as a syariah
lawyer if he or she was qualified in religious law.
He said the council then
went on to impose conditions
under Rule 10 of the Peguam
Sharie Rules 1993.
“For purposive interpretation, it may be necessary that
a syariah lawyer must be Muslim to achieve the object of the
Act,” he told the bench.
Shamsul was submitting in
his capacity as intervener in
the appeal brought by the FT
Religious Council to stop lawyer Victoria Jayaseele Martin
from practising syariah law in
the territory.
The council and the Attorney-General’s Chambers are
appealing a 2013 decision by
the Court of Appeal, which
ruled that non-Muslims were
eligible to practise as syariah
lawyers in the Federal Territories of Kuala Lumpur, Putrajaya and Labuan, and that the
council’s refusal to process an
application of a non-Muslim
lawyer to practise as a syariah lawyer exceeded its legal
powers.
Meanwhile, lawyer Datuk
Sulaiman Abdullah, who appeared for the council, said it
made sense for Parliament to
pass a general law but it was left
to the council to determine the
conduct of Muslims.
“The purpose of the Act is to
bring benefits to Muslims,” he
said, adding that it made sense
that only those who share the
faith could practise syariah law.
Sulaiman said the National
Fatwa Council had also said
that non-Muslims should be
prevented from appearing in
religious courts.
“Syariah courts are completely immune from the scrutiny of the civil courts and there
should be no interference.”
Datuk Dr Cyrus Das, who
represented Victoria Jayaseele,
said Rule 10, an inferior legislation, could not override the
Administration of Islamic Law
(Federal Territories) Act which
allowed non-Muslims to practise the religious law. — The
Malaysian Insider
15
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16 O P I N I O N
Japan should still say it’s sorry
Choice on anniversary of the end of WWII is not between looking backward or forward
BY THE ED I TORS
J
apanese Prime Minister
Shinzo Abe has said that
when he commemorates
the 70th anniversary of the
end of World War II today,
he would rather focus on
the future than repeat the
apologies of the past.
That may sound reasonable to
some ears. Seventy years, after
all, is a long time. Yet Abe may be
about to make a mistake.
Japan’s choice is not between
looking backward or forward. A
sincere restatement of remorse
isn’t just compatible with Abe’s
stated agenda of restoring pride
and confidence to Japan; it’s a
necessary first step, especially as
Japan begins to rebuild its military as a global force.
Abe’s right-wing supporters
complain that nothing he might
say will satisfy leaders in Beijing
and Seoul. China’s government
regularly stokes anti-Japanese
sentiment to bolster its nationalist credentials, and South Korean
leaders have rejected as insufficient Japan’s previous efforts to
atone for the sexual enslavement
of thousands of Korean “comfort
women”. Textbooks in both countries still demonise the Japanese
A sincere restatement of remorse by Abe is a necessary first step, especially as Japan
begins to rebuild its military as a global force. Photo by AFP
colonisers and downplay Tokyo’s
role in boosting Asia’s tiger economies after the war.
This cynicism ignores a couple
of things. First, Abe’s well-known
revisionist leanings — reinforced
by his visiting the controversial
Yasukuni war shrine and appointing hard-line officials to his cabinet and other posts — have eroded
trust in his sincerity.
Unless he addresses Japan’s
wartime record directly and
honestly — using words such as
“aggression” to describe the invasions of Korea, China and Southeast Asia — Beijing and Seoul will
have every reason not to lay this
issue to rest.
Second, Abe’s avowed nation-
alism gives him unique standing
to advance the cause of reconciliation.
Coming from him, an expression of remorse — one that could
still acknowledge the loss and
sacrifice of ordinary Japanese soldiers and civilians — would carry
greater emotional weight and offer greater closure than previous
such statements.
Even if he fails to change minds
in China and South Korea, convincing the rest of the world that
he’s sincere would make it easier for him to isolate Japan’s most
trenchant opponents.
All sides have pressing reasons
to seek rapprochement. Tensions
have grown steadily since Tokyo’s
2012 nationalisation of disputed
islands and Abe’s visit to Yasukuni in 2013.
The entire region is bearing the
cost. Japanese investment in China plunged almost 40% in 2014,
and bilateral trade has stagnated.
China is growing at its slowest
rate in years, while South Korea
and Japan are struggling with deflation.
For all of them, expanding
trade and investment should
be priorities. And South Korean
President Park Geun-hye has
hinted that she’s ready to resolve
the comfort-women issue, given
the right gesture from Tokyo.
Japanese officials sound optimistic about a summit with Chinese President Xi Jinping.
A full-fledged apology would
also help Abe in his larger purpose of rebuilding Japan into a
“normal” country — self-confident and active on the world stage.
Legislation he’s sponsored to
allow the Japanese military greater freedom of action has run into
fierce opposition at home, partly because voters fear that Abe
might stumble into an armed conflict. Better relations with China,
especially, would assuage those
concerns.
No apology can ease all the
tensions in the region. Territorial disputes will linger no matter
what, as will the contest for leadership in Asia.
But Japan would be better
able to meet these challenges if
its economy were on the mend,
its relations with the United States
and South Korea were stronger,
and its rearmament were welcomed rather than feared by most
of its neighbors.
This week, Abe has a chance to
make progress on all these fronts.
He shouldn’t waste it. — Bloomberg
View
Amazon to make UK grocers a lot more miserable
BY MA RK GI L B ERT
THE last thing British supermarkets
need is for retail behemoth Amazon to start selling and delivering
food to Brits.
The industry is already struggling to deal with the reduced profit
margins introduced by online food
shopping and delivery services,
and competition from two private
German companies called Aldi and
Lidl intent on slashing prices and
stealing market share.
But it looks like Jeff Bezos is
poised to bang another nail into
the UK grocery market’s coffin.
Retail Week reported on Monday that Amazon has signed a
10-year lease on a former Tesco
warehouse in Surrey; the trade
publication said the move is “the
clearest indication yet” that Britain is about to get the “Amazon
Fresh” food service, which currently serves Seattle, Los Angeles,
San Francisco, San Diego and New
York City.
Amazon briefly surpassed Walmart recently as the world’s biggest retailer by market value; with
a market capitalisation of almost
US$250 billion (RM1 trillion), it can
afford to spend whatever it takes to
elbow its way into the UK supermarket industry, which is already
“the world’s most advanced and
Amazon has signed
a 10-year lease
on a former Tesco
warehouse in Surrey.
competitive home delivery grocery
market”, according to David McCarthy, an equity analyst at HSBC.
Tesco, Sainsbury, WM Morrison,
Waitrose and Asda are trapped in
a price war amid a sustained bout
of deflation that’s savaging their
businesses. Food and beverage
prices have dropped for 12 consecutive months, and declined by
2.2% in June.
It’s hard to make money as a
shopkeeper when the prices of your
most basic goods are falling through
the floor.
According to HSBC, the UK company that’s most at risk if Amazon
introduces its Amazon Fresh brand
in Britain is Ocado, a food retailer
that sells and delivers exclusively via the Internet. Ocado shares
have already slumped by 20% in
the past month as smaller, nimbler
competitors with newer technolo-
gy undermine its business model.
But it’s not just Britain’s grocers
that should fear Amazon’s arrival.
Milk producers have seen the
price of their product plummet in
recent years, in large part because
supermarkets have been squeezing suppliers to drive costs down.
Milk is a staple of everyone’s
shopping basket; advertising cheap
milk gets shoppers into your stores,
where they’ll hopefully buy other
things that aren’t so heavily discounted.
The price of milk has dropped
an astonishing 30% since the start
of last year, according to figures
from the Agriculture and Horticulture Development Board, a not-forprofit group that represents British
dairy farmers and whose website
prominently features a guide to
“Surviving Low Milk Prices”.
The downward spiral has been
pretty relentless.
UK consumers, who have suffered lacklustre wage growth in recent years, will probably welcome
the arrival of Amazon Fresh if it
means they can buy even cheaper
groceries.
But for UK supermarkets —
and for Britain’s farmers and their
bovine herds — the expansion of
“The Everything Store” to include
food is the stuff of nightmares. —
Bloomberg View
This column does not necessarily
reflect the opinion of the editorial board or Bloomberg LP and its
owners.
F E AT U R E 1 7
Robots undercut Modi’s campaign
‘Make in India’ programme aimed at creating jobs for the poor challenged by automation
BY N ATA L I E OB I KO P EARSON
I
n a sweltering factory in
southern India, Royal Enfield motorcycles are being painted and lacquered
by giant robotic arms that
move at twice the maximum
speed of a human limb, day in,
day out, never making a mistake.
Only a few workers are still
needed on the paint line at Royal Enfield Motors Ltd’s plant in
Oragadam, doing touch-ups on
the iconic two-wheelers coveted
for their classic design. Four robots can do the work of 15 human
painters toiling across three shifts.
Robots and automation are
invigorating once-sleepy Indian
factories, boosting productivity
by carrying out low-skill tasks
more efficiently. While in theory,
improved output is good for economic growth, the trend is creating a headache for Prime Minister Narendra Modi: Robots are
diminishing roles for unskilled
labourers that he wants to put to
work as part of his Make in India
campaign aimed at creating jobs
for the poor.
India’s largely uneducated
labour force and broken educational system aren’t ready
for the more complex jobs that
workers need when their lowskilled roles are taken over by
machines. Meanwhile, nations
employing robots more quickly, such as China, are becoming
even more competitive.
“The need for unskilled labour
is beginning to diminish,” Akhilesh
Tilotia, head of thematic research
at Kotak Institutional Equities in
Mumbai and author of a book
on India’s demographic impact.
“Whatever education we’re putting in and whatever skill development we’re potentially trying
to put out — does it match where
the industry will potentially be five
to 10 years hence? That linkage is
reasonably broken in India.”
tasks”, Standard Chartered plc
economists in London and Toronto wrote in a May report.
Royal Enfield’s plant, near
Chennai, is an example. Spray
painting is a repetitive and hazardous job, perfect for a machine.
Humans are imperfect: They
miss spots, which can corrode the
bikes. They waste more because
they go over the same place twice.
No human can paint exactly the
same way each time.
Robots installed by Zurich-based
ABB Ltd at Royal Enfield’s newest
plant in southern Tamil Nadu state
have 2.1m mechanical arms that reduce paint wastage by half. At maximum speed, they paint four times
faster. They never miss a spot, never take a break, never go on strike.
biggest robot makers. “They will,
but not the jobs that people should
be aspiring to. People are capable
of really a lot more than mindlessly
loading or unloading from a machine or welding.”
Yet, India is failing to educate
its illiterate 287 million to do much
more than that.
Employees
assembling a
Royal Enfield
Classic 350
motorcycle in
Chennai, India.
Photo by
Bloomberg
robots also create new ones, like engineers to maintain and programme
them. A study by industrial analysis
firm Metra Martech Ltd shows they
help create more jobs than they
eliminate from the assembly line.
India can use the help. Labour
productivity of Indian factories is
the worst among major economies,
according to a report by the Boston
Consulting Group and the Confederation of Indian Industry.
Robot installations in India grew
23% in 2013 from the previous year,
with annual sales hitting a record
1,900, the latest figures available
from the International Federation of
Robotics (IFR). That’s just a fraction
of China. About 56,000 units were
sold last year alone in the world’s
biggest robot market, where factories including iPhone producer Foxconn Technology Group are helping
China keep its manufacturing edge
against lower-wage rivals.
It’s not just factory jobs either.
In Meerut, about 80km north-east
of the capital Delhi, local police are
considering using robots to help
guide traffic at busy intersections,
Ramit Sharma, the city’s deputy
inspector general, said by phone
on Monday. Information technology companies and banks are also
looking to automation to eliminate
lower-end jobs and clerical staff,
according to a June report by Kotak.
Nimble production
Robots also mean more nimble
production in an era of frequent
product launches and shorter manufacturing cycles: While a human
needs to be retrained, a robot can
switch at a touch of a button.
“Large manufacturing plants can
really struggle to find enough stable, skilled blue-collar workers that
can do repetitive tasks day in, day
out,” said Per Vegard Nerseth, ABB’s
global head of robotics. “Turnover
is very high, so you have a huge task
training people, which incurs costs.
That makes the payback for robots
more favourable for a company.”
The Oragadam plant started
with four painting robots in 2013,
and plans to add 14 more as it expands. Both Royal Enfield and ABB
declined to disclose the cost of the
machines, but said the investment
would pay for itself in about two
years.
Royal Enfield’s older plant further north has also recently added
four welding robots, which do in
20 seconds what takes two minutes for a human. The company
declined to say how many workers
were displaced or whether it had
further automation plans for the Losing out
facility in Tiruvottiyur.
Still, robots have barely penetrated
Competing tasks
India and China relative to the size
Improving automation will “like- New jobs
of their labour forces. Rather, Thaily compete with some low-skill While displacing some types of jobs, land, Indonesia and Malaysia lead
developing Asian nations in robot
density — the number of industrial
robots for every 10,000 manufacturing workers, according to IFR data.
“There’s the threat of India losing out,” said Madhur Jha, senior
economist at Standard Chartered
in London. “Other countries are
slightly more developed, have a
stronger manufacturing base, and
are moving towards automation
more quickly to keep themselves
competitive.”
When Modi announced his Make
in India campaign in September, he
cited India’s “greatest strength” as
having 65% of the population under
35. That demographic dividend may
not pay out as expected.
For one, India’s working-age
population is increasing far faster than the number of jobs in the
formal sector: roughly one million
a month versus one million a year,
according to a report by JustJobs
Network, a labour research institute.
Stealing jobs
It’s also not clear if factories planned
today will create the number and
type of jobs that Modi is expecting.
“If you build a factory today assuming that it will create 100 jobs, in
the course of 10 years as new technologies are adopted, it may create
only 10% or 20% of the jobs you
expected,” said Makoto Yokoyama,
head of Mitsubishi Electric Corp’s
factory automation division in India.
“It’d be a lie to say that robots won’t steal jobs,” said Sonali
Kulkarni, who heads the India unit
of Fanuc Corp, one of the world’s
Unemployable grads
The average Indian adult has been
schooled for only 4.4 years, the
worst among Asia’s major developing economies, according to United Nations data. Worse, half of the
five million graduating annually
with bachelor’s degrees are unemployable because of poor cognitive and language skills, according to a study by Aspiring Minds, a
skill-assessment company. Larsen
& Toubro Ltd, India’s biggest engineering firm, is forced to train
new hires from scratch.
“The challenge for many emerging markets, like India, will not be
to create low-cost jobs, but to make
use of their gigantic human potential through broader and better education,” said Antoine van Agtmael,
a former World Bank economist.
In the race to create factory jobs,
Modi isn’t just competing against
Asian rivals. Robots are increasingly helping developed economies.
In Switzerland, robots make toothbrushes for export; in Spain, they
cut and pack lettuce heads; in Germany, they fill tubs of ice cream;
and in the United Kingdom, they
assemble yogurt into multipacks
at a rate of 80 a minute.
Tharman Shanmugaratnam,
chairman of the International
Monetary Fund’s policy advisory
committee until March and Singapore’s finance minister, gives India
— and rivals such as Thailand, Vietnam and Malaysia — a fast-closing window to catch up with rich
countries or miss the boat.
“Time is not on India’s side,” he
told Indian policymakers at a government conference in December.
“I give 10 years for labour-intensive manufacturing to survive in
its present form before machines
take over.” — Bloomberg
Alibaba’s golden-child status hangs by a thread
BY ROBY N MA K
ALIBABA’S golden-child status
hangs by a thread. The Chinese
e-commerce group announced
disappointing quarterly revenue
growth on Wednesday, pushing
the shares as close as they have
ever been to last year’s float price.
Investors haven’t much challenged founder Jack Ma’s free rein
so far. A weakening business and
over US$100 billion (RM401 billion)
of lost market capitalisation since
the shares hit a high in November
may change that.
Revenue in the three months to
June grew 28% year-on-year — the
slowest in three years — to US$3.27
billion, missing the expectations
of analysts surveyed by Thomson
Reuters.
Gross merchandise value, the
sticker price of goods transacted
on Alibaba’s shopping platforms,
increased 34% — just over half the
rate it did two years ago.
In comparison, transactions
on the much smaller rival JD.com
soared 82% in the same quarter.
Fears of a sputtering Chinese
economy, fuelled by a surprise slide
in the yuan, helped send Alibaba’s shares down to a record low
of US$71 on Wednesday.
Since going public in New York
last year in a US$25 billion blockbuster share offering, investors have
been tolerant as founder Jack Ma
unveiled his sweeping but confusing
vision. Alibaba once simply matched
buyers and sellers; now it is part of
an “online-to-offline” empire that Alibaba shares edge towards last
extends from movies, healthcare, year’s US$68 float price, and roaring
cloud computing and even a bank. growth is no longer a given, investors’ goodwill may become strained.
See related story on Page 23
There will be many more unexpected tests, if recent months’ conOn Monday, a US$4.6 billion troversies over counterfeit products,
investment in retailer Suning took pricing violations and intensifying
Alibaba into the struggling electron- competition are a guide.
ics superstore sector. It’s not clear
Investors can’t change the control
Suning’s low-margin business will Ma wields over Alibaba’s strategy, or
do anything but harm Alibaba’s bot- his reluctance to explain it properly.
tom line. Still, the shares ticked up.
But that doesn’t mean they’ll
It’s conceivable, though, that as always like it. — Reuters
18 FO CU S
A massive celebration of beauty,
design and global wealth
FR
PHOTOS BY BLOOMBERG
05
Expensive cars converge this weekend in Pebble Beach, California, for a unique show and auction
04
05
01
06
BY H A NN A H ELLIOTT
THIS weekend in Carmel, California, the United States, the
most expensive cars in the world will converge in a massive
celebration of beauty, design and global wealth. The main
event is the Pebble Beach Concours d’Elegance, Sunday’s
garden party on the 18th fairway of the famous links. It’s a
unique car show that features dozens of million-US dollar
Ferraris, Bentleys, Lamborghinis and Jaguars — each
competing for a blue ribbon that will add thousands upon
thousands of US dollars more to their already considerable
value. The best part? For days preceding the Concours, the
world’s top auction houses will put their finest wares on
the block. More than 140 cars are expected to draw deals
of more than six figures. Some of the models are:
01. 1956 Bentley S1 Continental
al racers. It has 430hp, a manual fourDrophead Coupe/RM Sotheby’s/
speed transmission and an F41 heavy
Estimate: US$1.2 million (RM4.81
duty suspension. One of only 116 such
million)
Corvettes built that year, it comes with
When you see this coupe, you’ll
a black vinyl hardtop.
notice the whitewall tyres and the
bold, smooth body: This is considered 03. 1976 Lamborghini Countach LP
400 ‘Periscopio’/RM Sotheby’s/
the most desirable of any vintage
Estimate: US$2 million (RM8.02
drophead model. The S1 is one of the
million)
only 31 and will hit a top speed of
120mph (193kph).
This 375hp icon placed second in its
class during the Pebble Beach show in
02. 1969 Chevrolet Corvette L88 Con2013, so it’s primed for a comeback. The
vertible/Mecum Auctions/Estimate:
car’s incredible lightweight body — only
US$1.1 million (RM4.41 million)
2,800lbs (1,270kg) — will get it to a top
This is one of the few Corvettes that
speed of nearly 322kph. Astounding for
Chevy designed and marketed to actuits era.
07.
03
02
04
10
LY
FO CU S 19
F RI DAY AU G U S T 14 , 2015 • D IG ITA LED G E DA ILY
BERG
uravy
uch
ith
its
w in
The
nly
top
for
05
06
04. 1963 Shelby 289 Cobra Roadster/
Mecum Auctions/Estimate: US$1.25
million (RM5.01 million)
This car was brought to the United States
by sea, through New York, for a secretive Ford executive. After Beverly
Hills Sports Cars bought it in 1965,
the roadster remained in California until 1999, when a new owner
bought it. Later, a 347 CI V8 engine was
installed. The original 5.5-inch (14cm)
Shelby wire wheels are included.
07
05. 1976 Porsche 930/Mecum Auctions/
Estimate: To be defined (TBD)
This is the last bespoke Porsche Steve 08. 1931 Bentley 4.5 Litre
Supercharged/RM Sotheby’s/
McQueen bought. It has a 3.0 Turbo
Estimate: US$5.5 million
engine with a four-speed manual trans(RM22.06 million)
mission, a special sunroof, and a dashboard switch McQueen added in case
This is an extremely rare (one of 50)
he wanted to kill the rear lights while
part of Bentley’s essential history.
being chased on Mulholland Drive.
It’s a “Blower” Bentley with all original coachwork, an aggressive su06. 1963 Ferrari 250 GT/L Berlinetta
percharged engine, and 30 years of
‘Lusso’/RM Sotheby’s/Estimate:
ownership by the same family. Mint
US$2.3 million (RM9.22 million)
condition.
Another rarity, this Lusso has a massive V12 engine, four-speed manual 09. 1961 Ferrari 250 GT SWB
California Spider/Gooding & Co/
transmission and an output of 250hp.
Estimate: US$18 million (RM72.18
It was designed by Pininfarina SpA and
million)
trimmed by Scaglietti, with a wooden
steering wheel and a cabin swathed in
This particular 250 was marketed to
leather.
a very specific segment of Ferrari’s
American clientele: “young, well07. 1956 Ferrari 250 GT Berlinetta
heeled enthusiasts who wanted a
Competizione ‘Tour de France’/RM
stylish, thoroughbred sports car that
Sotheby’s/Estimate: TBD
was equally at home on road or track,”
This blue-blooded Ferrari is racing royaccording to the auction catalogue. Its
alty, having won the famous Tour de
tasteful, swept-back windscreen, miniFrance auto race when piloted by a
mal interior appointments, lightweight
Spanish marquis. Its V12 engine gets
folding top and bucket seats make it
260hp, pushed by a four-speed manual
one of the most beautiful models of its
transmission.
time. And its V12 240hp engine with
a four-speed manual gearbox make it
one of the most fun to drive.
10
08
09
10. 1960 Porsche RS60/Gooding
& Co/Estimate: US$7 million
(RM28.07 million)
This is an unusual Porsche to break the
Jaguar-Ferrari-Bentley triumvirate that
currently dominates the highest price
ranges on the auction block. It has a
flat four-cylinder engine, five-speed
manual transmission and heritage
tied to Porsche’s competition Spyder, a legendary series of sports cars
that started with the original Type
550 in 1953. Only 14 of them went
to private customers; four were retained for the factory works team.
— Bloomberg
20 FO CU S
FR
C
A view of the Forbidden City in
Beijing. The devaluation of the
yuan has had ripple effects across
global markets far and wide.
BY
AS
for
nel
ban
ter
Sta
wit
nou
thr
dev
cre
term
pol
as h
pre
lifti
mit
soo
wil
Recent history of the yuan
Get some perspective of the Chinese currency in one big chart
BLOOMBERG
BY JOE WEI SEN THAL
T
he big news over the last couple
of days has been the shock devaluation of the Chinese yuan,
which has had ripple effects
across global markets far and
wide.
Bloomberg Intelligence economist Tom
Orlik has created the following chart that
shows the history of the currency over the
past decade.
When it comes to the latest decision by the
People’s Bank of China (PBoC), Orlik writes:
“The PBoC’s move reflects the depth of concern about China’s growth, which threatens to
fall below the government’s 7% target for the
year. Exports contracted 8.9% year-on-year in
July as a 14% annual appreciation in the real
effective exchange rate choked off demand.”
China’s central bank said yesterday there
was no basis for further depreciation in the
yuan given strong economic fundamentals,
in a bid to reassure jittery global markets after
it devalued the currency on Tuesday.
As the yuan fell for the third straight day,
the PBoC said the country’s strong economic
environment, sustained trade surplus, sound
fiscal position and deep foreign exchange
reserves provided “strong support” to the
exchange rate.
“From the international and domestic
economic and financial situation, we can see
that there is no basis right now for continued depreciation of the renminbi exchange
rate,” said Zhang Xiaohui, assistant governor
of the PBoC, according to a Financial Times
report. “The central bank has the power to
maintain basic stability in the renminbi
and ensure it remains at a reasonable and
balanced level.”
The yuan weakened 1% in early trading
yesterday, but the loss was halved following
the PBoC conference. It has fallen 3.3% against
the dollar over the three days since the PBoC’s
surprise announcement that it was moving
to a more “market-based” onshore foreign
exchange regime, said the report.
That is more than the yuan has moved in
either direction over the course of most years
since Beijing dropped an explicit peg to the
dollar in 2005 and switched to the current
“managed floating exchange rate regime”.
But even if the central bank succeeds in
putting a new floor under the yuan for now,
weak July economic data and expectations
of more interest rate cuts later in the year are
likely to fuel expectations that authorities
could allow it to slip further. — Bloomberg
dem
to p
cre
exp
nes
lev
tra
dis
—f
W
B
T
a
c
n
l
s
Source: Bloomberg
LY
FO CU S 21
China is already doing Fed chairman Janet Yellen’s job for her
BY C A RL J RI CC A D ONNA
BERG
A STRONG currency has created headwinds
for the US economy through a range of channels. The latest actions of the Chinese central
bank will intensify the negative impact by fostering more dollar appreciation. The United
States already runs a significant trade deficit
with China, and a 1.9% yuan devaluation announced on Tuesday will further exacerbate it.
A stronger dollar weighs on US growth
through weaker exports, cheaper imports,
devaluation of overseas profits and a sharp increase in domestic labour costs in non-dollar
terms. It creates a more restrictive economic
policy, thereby accomplishing the same goal
as higher interest rates. In short, currency appreciation is doing at least some of the heavy
lifting for policymakers, and could therefore
mitigate the need for rate normalisation to occur
sooner rather than later. The September lift-off
will be jeopardised if dollar strength continues.
The widening trade imbalance is bluntly
demonstrated in the first chart. From 1994
to present, US imports from China have increased to a much greater degree than US
exports to China, in part because the Chinese currency remained at artificially weak
levels for much of the time.
The impact is even larger than the bilateral
trade data suggest, due to the competitive
disadvantage in third market economies
— for example, as US and Chinese tyre pro-
ducers compete for market share in Europe.
During the past year, as the dollar appreciated substantially relative to many other
trading partners, a tight linkage with the
yuan resulted in an unwelcomed strengthening of the Chinese currency, as well. This
afforded an advantage to major competitors
of the Chinese export sector, thereby crimping demand for Chinese-produced goods.
The Chinese devaluation attempts to correct this, or at least start the process. The net
effect will not only worsen the trade imbalance between the US and China, however, it
will also deal a further blow to US exporters
more broadly. The drag on US growth from a
deteriorating net export position will intensify.
To more fully understand the cumulative impact of currency moves within the
overall trade landscape, economists analyse
trade-weighted currency values.
The Federal Reserve produces a broad
trade-weighted index, weighting bilateral exchange rates of major trade partners according to the volume of trade. Hence, a currency
move with a large trading partner will have
a proportionally larger impact on the index.
The broad trade-weighted index, shown
in the second chart, comprises 26 currencies, the five largest being the Chinese yuan
(weighting factor = 21%), the euro (16%),
the Canadian dollar (13%), the Mexican
peso (12%) and the Japanese yen (7%). The
What a weaker yuan means
BY MA LCOL M SCOTT AILING TAN
THE steepest slide in the yuan in two decades is a game changer. The last time the
currency moved this much — 1994 — China’s economy ranked as the world’s eighth
largest, just behind Canada’s, and few outside its borders would have even been able
Carl J Riccadonna is the chief US economist at
Bloomberg Intelligence.
Global commodity prices —
mostly still priced in US dollars
— have been whacked since
the yuan move. More weakness
would bode ill for economic
prospects in dependent nations
including Australia, Brazil and
Chile.
to put a name to the currency.
Now, the nation’s move to allow the
market a greater say in setting the yuan
level is roiling currencies, commodities
and stocks the world over and reshaping
the global economic outlook.
Here are a few ways a sustained yuan
downturn will be felt:
A weaker yuan also means it’s
more expensive now for Chinese consumers to buy German
cars, Swiss watches and French
handbags. That’s bad news for a
region mired in it its own gloomy
outlook, especially if Chinese
tourists cut back on their overseas vacations.
Can the Fed still lift off if the
greenback keeps strengthening?
Bank of America (BofA) Merrill
Lynch analysts are among those
who think the yuan devaluation
clouds the picture for Janet
Yellen.
Asian stocks tumbled. Japan’s
Topix Index could fall 5% to 10%
if the yuan depreciates more than
10%, according to BofA.
It was like money for jam — borrow cheaply offshore, somehow
get the funds to China to earn a
hefty interest-rate margin, and
sell out later with a currency gain
to boot. A sustained yuan downturn would kill the carry trade.
Even putting aside a weaker
yuan, deepening factory-gate
deflation and the likely spillover
to export prices spelled cheaper
toys, T-shirts and television sets
across the world. Now add in the
weaker currency and we could
see China’s devaluation revive
deflation fears globally.
dollar’s strengthening relative to each during the past year has been as follows: yuan
(3%), euro (21%), Canadian dollar (20%),
peso (25%) and yen (22%).
Therefore, in terms of impact on the
trade-weighted dollar, the move in the yuan
remains the smallest by far. Even so, it magnifies an already severe problem — and
could intensify if China chooses to pursue
a devaluation similar in magnitude to the
market-determined results for the other
trade partners. — Bloomberg
Yuan weakness is spurring selling of other regional currencies.
Already, Vietnam has responded
by widening the dong’s trading
band. Could other central banks
be forced into defensive moves?
Of course, there is a bright side:
If a weaker yuan helps China regain its mojo, that’s a plus for the
global economy. — Bloomberg
22 FO CU S
Maybe Beijing doesn’t have a master plan
BY JU ST I N FOX
AS a long-time consumer of economic
commentary about China, I can probably recite the basic narrative underpinning most of it in my sleep: Yes, China’s
economy faces challenge X. But the government has a plan for getting past it, the
People’s Bank of China has many tools at
its disposal and, hey, look at that US$3.7
trillion (RM14.84 trillion) in foreign exchange reserves!
A fine recent example of the genre
comes from Zheng Liu of the Federal Reserve Bank of San Francisco. His analysis
bears this provocative headline: “Is China’s Growth Miracle Over?” Get down
near the end, though, and the familiar
storyline takes over:
To address structural imbalances and
thus achieve sustainable long-term growth,
the Chinese government announced a blueprint of economic reforms at the Third
Plenum in November 2013. The proposed
reforms include (1) financial sector reforms — liberalising interest rates, establishing deposit insurance, and strengthening financial supervision and regulation;
(2) fiscal reforms — strengthening social
safety nets, introducing more efficient and
redistributive taxes, and improving health
insurance and pension coverage; (3) structural reforms — reforming the SOEs (stateowned enterprises) and the Hukou system
and further opening up markets; and (4)
external sector reforms — liberalising the
exchange rate and capital account controls.
If these reform blueprints can be successfully implemented, then China should
be able to avoid the middle-income trap
and sustain long-term growth at a reasonable pace.
In a normal country that would be a
huge “if”, but this is modern China. The
country’s leaders have successfully managed its economy through 37 years of
mind-boggling — and uninterrupted —
growth and change. This standard, thegovernment-has-a-plan line on China’s
prospects can sound awfully credulous,
but it has the advantage of having been
consistently right for decades.
Of course, that doesn’t mean it’s going
to be right forever. That’s why the past few
months of Chinese economic news have
been so interesting, if also frightening.
We’re getting hints that maybe the government doesn’t have a plan, or can’t agree
on what the plan should be.
This week’s currency devaluation is the
latest example. It isn’t at all unreasonable
that, after months of watching the yuan
follow the US dollar higher against just
about every other currency on the plan-
et even as the Chinese economy slowed,
the folks in Beijing wanted to loosen the
link between the two a bit. But the muddled explanation of Tuesday’s move, the
continued tumble in the yuan’s value on
Wednesday and the end-of-the-day intervention to keep it from falling any further
confused and unsettled markets around
the world.
Kevin Yao of Reuters reported on
Wednesday morning that there’s “a growing
clamour in government circles” to let the
yuan fall a lot more “to help struggling exporters”, with commerce ministry officials
pushing hard against the People’s Bank of
China’s efforts to wean the country’s economy from its export dependence.
The same sort of messy politicking has
been evident in and around the country’s
stock markets. As the Wall Street Journal reported last week in an in-depth account of
the government’s response to market turmoil:
At one point, the securities regulator
made a move that put downward pressure
on the market in the same week that the
central bank moved to push it up.
Until July, margin financing, a major
source of market funding, went largely
untouched by regulators. The securities
regulator more than once moved to trim
lending to investors to buy shares, only to
reverse course.
That doesn’ t sound like an all-knowing government with a plan. In fact, it’s
exactly the kind of conflict and mixing of
signals that Chinese officials always profess to find so maddening about Western
governments, especially that of the United States.
This isn’t to say that Chinese officials
have suddenly become incapable of imposing their will on the economy. To the
surprise of many Western observers (including me), the frenzied efforts to stabilise domestic stock markets that began in
early July actually seem to have worked,
for now.
Stock prices haven’t returned to their
mid-June all-time highs, but they’ve
stopped falling — which seems like a better result for the government than having
them go back up again.
Still, it’s far from clear that this intervention was actually good for the Chinese
economy. And it didn’t make the government look great.
The Chinese economy faces a lot of
challenges. The Chinese government is
run by flawed human beings with conflicting interests and opinions, and it isn’t
obvious that they have a viable plan for
what comes next. But hey, they’ve still
got US$3.7 trillion in foreign exchange
reserves! — Bloomberg
China adds a chainsaw to its juggling act
BY WILLIAM PESEK
CHINESE President Xi Jinping has just added a chainsaw to what had already been a
pretty daunting juggling act. All year he’s
been trying to keep aloft two giant economic
bubbles — one in debt, one in stocks. This
week he added a much more unwieldy prop,
the value of the yuan, to the show.
As I’ve argued, China is entirely justified
in lowering its exchange rate, so far by 2.8%.
It’s a risky move, but worth taking if it stabilises the world’s second-biggest economy
and nudges it toward a market-determined
financial system — assuming Xi’s team truly
knows what it’s doing.
The problem for China’s president is this
latest challenge threatens his ability to manage the other two. As China guides its currency lower, it heightens default risks on
foreign-currency debt and increases the
odds of capital flight, which would slam
stock prices.
It’s not that China lacks latitude to devalue its currency. Before Tuesday’s 1.9% cut in
the central bank’s reference rate, the yuan
had risen about 15% on a trade-weighted
basis in 12 months. But there are other considerations that should constrain Chinese
policy. The Group of Seven nations would
throw a fit if China lowered the yuan’s value any further; China could even become
a target for candidates in the 2016 US presidential election.
That’s why Wednesday’s devaluation by an
additional 0.9% raised more questions than
it answers. The whole idea of devaluing is to
do it all at once: Make a huge, one-time step,
ride out the turbulence and move on. China,
it appears, favours a drip-by-drip approach.
That could dent the market’s confidence
in the country’s policymakers. Will investors, analysts, risk managers, executives and
journalists feel they can still rely on Chinese
pronouncements, or will they have to sit on
pins and needles every morning, waiting to
see how much the People’s Bank of China
(PBoC) lops off the yuan?
As Ray Dalio of hedge-fund manager
Bridgewater Associates sees it, Beijing’s
“promises to defend it here will need to be
kept or it will lead to a loss of credibility
— like the implied promise to support the
stock market at around 3,500 needs to be
defended or it will lead to the appearance
that the marketplace is more powerful than
the government”. Failure to hold the line,
Dalio says, “will add currency volatility to
stock market volatility and economic volatility on the government’s list of worries”.
It’s not clear whether Xi’s team understands the trap it’s setting for itself. Beijing
is already stuck on what hedge-fund manager James Chanos calls a “treadmill to hell”
as local governments amass US$4 trillion
(RM16.04 trillion) of debt and credit. The
Chinese government has also ensnared
itself in a dangerous cycle of stock market
interventions that imperil its global clout.
Wednesday’s bloodbath in shares of major
e-retailer Alibaba demonstrates the worsening state of economic fundamentals.
China could end the drama
by stating clearly that the
yuan’s big declines are over
for now. That would calm
nerves in markets and head
off a brewing geopolitical
storm of protest and copycat
devaluations.
Xiaochuan may have to go on a hiring tear for
money-market experts who can help manage
the government’s new policy. Beijing has already shown its inability to adequately manage
the country’s stock prices and its levels of debt.
Currency markets may likewise demonstrate
Beijing’s impotence.
China could end the drama by stating
clearly that the yuan’s big declines are over
for now. That would calm nerves in markets
and head off a brewing geopolitical storm of
protest and copycat devaluations. The PBoC
may have done just that Wednesday, intervening to prevent the yuan from going too far.
Amid these discussions, Washington finds
itself caught in an ironic position. For years,
the United States criticised China for not letting markets decide the yuan’s value, on the
assumption that it was undervalued. Now that
traders have a bigger say, the yuan is moving
down — a direction that probably doesn’t
please US Treasury Secretary Jacob Lew.
Nonetheless, there comes a point where
China will need to take economic realpolitik into account. The benefits from a weaker
yuan will fade quickly if the world fears Beijing is acting rashly, or further huge drops
are coming. And if Xi fails at managing the
course of China’s currency, his entire juggling act will come to an untimely end. —
Bloomberg View
Xi is now willfully creating a currency
contrivance that complicates his ability to
avoid a hard landing for the national economy. The why of Xi’s devaluation is clear
enough. So is the what, as officials from
Washington to Tokyo voice concerns about
a new currency war. The problem is the how;
that’s where Xi’s people may be courting a
self-inflicted wound.
Given China’s tightly controlled financial
system, it doesn’t have to fear a major speculative attack by currency traders. Still, there’s
reason to wonder whether the country’s central
bank is up to the challenge Xi is presenting it. William Pesek is a Bloomberg News colSmart and respected as he is, governor Zhou umnist. The opinions expressed are his own.
I N T E R NAT I O NA L B U S I N E S S 23
Ma’s wealth falls US$752m as Alibaba slides to record low
BY A ND ERS MEL I N
& JACK WITZIG
NEW YORK: Billionaire Jack Ma’s
fortune declined US$752 million
(RM3.02 billion) on Wednesday after
Alibaba Group Holding Ltd dropped
to the lowest level since China’s biggest e-commerce operator went
public in September.
Britain
changes rules to
fast-track shale
gas permits
BY KAROLIN SCHAPS
& NINA CHESTNEY
LONDON: The British government will give its communities
minister the power to directly
approve shale gas permits, removing decision-making from
local politicians who have in
the past months blocked the
progress of Britain’s first such
wells.
In late June, local government officials in northwest England rejected two applications
to carry out hydraulic fracturing, known as fracking, saying
the projects would be too noisy
and blight the landscape.
New rules, applicable immediately, will allow government intervention to approve
or reject permits and will also
mean appeals involving shale
gas projects will be given priority.
Shale gas developer Cuadrilla Resources, whose applications were rejected in June,
has already decided to appeal
against its permit refusals.
Delays to the planning process had been too long, Secretary of State for Energy and
Climate Change Amber Rudd
told BBC TV yesterday.
The government also said it
would present proposals later
this year to create a sovereign
wealth fund from returns generated from shale gas production.
Shale developer IGas Energy
plc said the move gave clarity on
the timetable for determining
planning decisions for shale
O&G exploration.
Pro-business groups also
welcomed the decision, saying it would help get shale gas
projects up and running.
Britain is estimated to have
substantial amounts of shale
gas trapped in underground
rocks and the government has
been supportive of developing
these reserves to counter declining North Sea O&G output.
However, progress has been
slow because of opposition by
local residents and environmental campaigners. Some are
concerned about groundwater
contamination from chemicals
used in the process, while others fear the potential impact
on property prices or tourism.
— Reuters
Ma’s net worth slid 2.4% to
US$31.2 billion as the company he
founded declined 5.1% to close at
US$73.38 in New York. Alibaba’s
quarterly sales rose at the slowest
pace in at least three years and transaction volumes missed analysts’ estimates amid a weakening Chinese
economy. Ma, 50, who has a 6.2%
stake in the company, is the world’s
21st-richest person, according to
the Bloomberg Billionaires Index.
Alibaba has lost more than US$71
billion of its market value this year
amid a saturation in the e-commerce market in China’s larger,
wealthier cities. China’s economy
is growing at the weakest pace since
1990, and Alibaba is facing lawsuits
over counterfeits. The stock has nev-
er traded below US$68 a share, the
price set in September’s initial public offering, which raised a record
US$25 billion.
Ma’s net worth has declined by
US$6.3 billion after reaching a high
of US$37.4 billion on June 3. He is the
third-richest person in Asia, trailing
Wang Jianlin and Li Ka-shing, according to the index. — Bloomberg
China currency
weakens for third day
But reassures markets it will not let the yuan plummet
BY BILL SAVA DOV E
SHANGHAI: China weakened its
currency for the third consecutive
day yesterday, but financial markets that had been shaken by the
surprise devaluation took heart as
authorities pledged not to let the
yuan plummet.
The central bank trimmed the
reference rate for the yuan — also
known as the renminbi — by 1.11%
to 6.4010 yuan for US$1, the China
Foreign Exchange Trade System
said, from the previous day’s 6.3306.
The cut was less than the previous two days and came after
reports that the People’s Bank
of China (PBoC) intervened on
Wednesday to stem the yuan’s fall.
China adopted a more market-oriented method of calculating
the currency rate this week in a move
widely seen as a devaluation, raising
fresh questions about the health of
the world’s second-largest economy.
After global stock and currency
markets staggered in response, the
PBoC went on the offensive yesterday, telling reporters that the yuan
was still a strong currency and that
Beijing would keep the unit stable.
“Currently, there is no basis
for the renminbi exchange rate
to continue to depreciate,” assistant governor Zhang Xiaohui told a
briefing, according to a transcript.
An investor looking
at an electric board
showing stock
information at a
brokerage house
in Haikou, China
on Tuesday. The
comments (of the
central bank) drove a
relief rally yesterday in
Asian shares and AsiaPacific currencies.
“The central bank has the ability
to keep the renminbi basically stable
at a reasonable and balanced level,”
she said.
The comments drove a relief
rally yesterday in Asian shares and
Asia-Pacific currencies, which suffered their biggest two-day sell-off
since 1998 this week, although analysts said sentiment remained fragile.
The yuan was quoted at 6.4067 to
the US dollar at midday, down from
the previous day’s close of 6.3870.
The PBoC on Tuesday announced
a “one-time correction” of nearly 2%
in the yuan’s value against the greenback as it changed the mechanism.
Previously, it based the fixing on a
poll of market-makers, but declared
it would now also take into account
the previous day’s close, foreign exchange supply and demand, and the
rates of major currencies.
It has since lowered the central
rate twice more, and the week’s
combined drop is the biggest since
China set up its modern foreign
exchange system in 1994, when
it devalued the yuan by 33% at
a stroke.
Analysts viewed the move as
a way for China to both boost exports by making its goods cheaper
abroad and push economic reforms as it seeks to become one
of the reserve currencies in the
International Monetary Fund’s
special drawing rights group.
The volatility in the normally
stable unit has raised concerns,
and many analysts predict the yuan
will continue to depreciate in the
coming months, impacting global
trade flows. — AFP
Maersk’s profit tumbles on deeper cost cuts
BY CHRISTIAN WI E NBE RG
& P ETER LEV R I NG
COPENHAGEN: A P Moeller-Maersk
A/S’ container line, the world’s largest, reported a bigger-than-expected
profit in the second quarter after the
unit deepened cost cuts.
Maersk Line said net operating profit after tax dropped 7.3% to
US$507 million (RM2.03 billion).
That beat the US$482 million estimate in a survey conducted by
SME. Maersk’s group net income
fell to US$1.07 billion in the quarter, exceeding the median estimate
of US$729 million in a Bloomberg
survey. The shares jumped as much
as 8.7%.
Maersk Line, which transports
about 15% of the world’s manufactured goods, said costs fell about
13% per transported container last
quarter. The division kept its fullyear forecast amid a 14% plunge in
freight rates.
“In a quarter impacted by lower
average container rates and a lower
oil price, the Maersk Group achieved
a satisfactory result,” chief executive
officer Nils Smedegaard Andersen
said in the statement.
The balance sheet “remains
strong,” which will enable the company to buy back its own shares for
about US$1 billion, he said.
The container industry has since
2009 suffered from overcapacity and
freight rate volatility after a slowdown in global trade coincided with
a boom in vessel building.
Maersk Line sees 2015 underlying
net profit growing from the US$2.2
billion reached last year. The group,
which also owns oil and drilling operations, kept its full-year forecast
for an underlying net profit of about
US$4 billion. — Bloomberg
IN BRIEF
S&P puts Fonterra
on negative credit
watch
WELLINGTON: Ratings agency Standard & Poor’s (S&P)
put New Zealand dairy giant
Fonterra Ltd on a negative
credit watch yesterday, citing
concerns about the impact
of a slump in global prices
on the co-operative’s finances. “The CreditWatch placement reflects our concerns regarding potential weakness in
Fonterra’s key financial metrics, given its high debt levels
at a low point in the global
price cycle,” said S&P’s credit
analyst Brenda Wardlaw in a
statement. S&P rates Fonterra’s long-term debt at A and
short-term debt at A-1. Last
week, Fonterra slashed its
forecast payout to its suppliers
by 27% to NZ$3.85 (RM10.19)
a kilo of milk solids because
of a 40% slide in prices and
reduced demand. — Reuters
BHP’s iron ore
operations disrupted
by Tianjin port blasts
SYDNEY: BHP Billiton Ltd’s
iron ore operations have
been disrupted at the port
of Tianjin after two massive
explosions ripped through
an industrial area in the
northeast Chinese port city,
the company said yesterday.
“We can confirm there was
no damage to the iron ore
discharging berths following the explosion at Tianjin
port,” BHP said in a statement. “However, shipments
and port operations have
been disrupted as a result,
and we are working with our
customers to minimise any
potential impact,” it said. —
Reuters
S Korea says Chinese
economy more vital
than FX movements
SEOUL : South Korea’s finance ministry said yesterday that Chinese economic
trends and exports and their
influence on South Korea are
more important to the local
economy than short-term
movements of the yuan. The
finance ministry’s comments
were in a statement released
after a meeting of ministry
officials to follow up on China’s decision to devalue the
Chinese currency this week.
— Reuters
China July foreign
direct investment
rises 5.2%
BEIJING: China’s foreign
direct investment (FDI) in
July increased 5.2% from
a year earlier, state media quoted the commerce
ministry as saying yesterday. In the first seven
months of 2015, FDI grew
7.9% to 471.1 billion yuan
(RM296.09 billion), the official Xinhua news agency quoted the ministry as
saying. It did not provide
a value figure for July. —
Reuters
2 4 I N T E R NAT I O NA L B U S I N E S S
HK’s economy forecasted to
post mild 2Q growth
Outlook in coming months to be dampened by China slowdown
BY EVER TA NG
& C H RI STI NA WY LO
HONG KONG: Hong Kong’s
economy is expected to have
expanded slightly in the second
quarter (2Q) helped by consumption, but the outlook in
coming months will be dampened by a slowdown in China,
a drop in mainland tourists to
the city, and weak retail sales.
Prospects for the Asian financial centre could be further compounded if the surprise
Chinese yuan devaluation this
week puts a deeper dent in tourists’ spending power.
Economic growth for the April
to June quarter is forecast to have
expanded 2.1%, according to the
median forecast of six economists
with year-on-year estimates.
The economy grew 2.1% in
the 1Q from a year earlier and
a seasonally adjusted 0.4% from
the 4Q, propped up by private
and public spending.
Hong Kong has become in-
Packer quits as
Crown chairman
as profits drop
SYDNEY: Australian billionaire James Packer stepped
down as chairman of Crown
Resorts Ltd yesterday, after
full-year profits at the gambling giant slumped 41.3% on
write-downs and falling Macau
gaming revenue.
The casino group’s net profit for the 12 months to June 30
fell to A$385 million (RM1.137
billion), from A$655.8 million
in the previous year.
Shares in Crown declined
3.55% to A$13.04 in midday
trade after the results, and
news that Packer would be
replaced as chairman by Robert Rankin, who was appointed
co-chairman in November.
Chief executive Rowen Craigie described the figures as
mixed, with gaming revenue
rising from Crown’s operations
in Melbourne but subdued in
Perth.
Profits from Macau, where
it owns a third share in Melco Crown Entertainment Ltd,
tumbled 57.6% to A$122 million.
“The decline in MCE’s result
was attributable to weak market
conditions in Macau,” Craigie
said in a statement, adding that
the drop in gaming revenue accelerated in the first six months
of 2015. — AFP
creasingly dependent on China to
help spur growth, with mainland
Chinese accounting for 78% of the
60.8 million tourists who visited
the city last year. The number of
Chinese visitors has dropped this
year, hurt in part by an anti-corruption campaign launched by
Beijing that targets lavish spending and street protests against
mainland Chinese.
“Exports are not performing
very well while consumption from
mainland tourists in Hong Kong
is weakening. We may see slower
growth in the second half of the
year,” said Paul Tang, chief economist at Bank of East Asia Ltd.
Tang added that he believed
the devaluation of the yuan will
curb mainland Chinese visitors’
desire to come to Hong Kong and
forecast growth of 2% for the full
year. In February, the government estimated gross domestic
product (GDP) growth of 1% to
3% for 2015.
Hong Kong’s economy is heavily dependent on trade, and its
Slower growth could pile further
pressure on Leung, raising concerns
over economic stability. Photo by
Reuters
exports and imports are predominantly re-exports to and from
mainland China. The GDP data
due today, comes days after China posted a surprise 8.3% drop in
July exports.
Slower growth could pile further pressure on Hong Kong leader Leung Chun-ying, less than a
year after pro-democracy protests
paralysed parts of the city, hit
retail sales, and raises concerns
over economic stability.
Leung and Beijing’s top official in the city both recently
stressed the need for the financial hub to focus on economic
stability.
Hong Kong’s leader said this
week in an interview with China’s official news agency Xinhua
that it was time for the former
British colony to scrap what he
described as its outdated “positive non-intervention” policy.
The government needed to take
a more proactive role in tackling economic and livelihood
issues, he added.
The economy is facing challenges even before an expected
interest rate hike by the Federal
Reserve this year, which is forecast to add further downside
risks. — Reuters
Lenovo to cut over 3,000 jobs
HONG KONG: Chinese computer
giant Lenovo Group Ltd said yesterday it would cut more than 3,000
jobs as net profit for its first quarter
(1Q) fell by more than 50%
The world’s biggest personal computer maker also saw revenues miss analysts’ forecasts in
what chairman and chief executive
officer Yuanqing Yang described as
the “toughest market environment
in recent years”.
Net profit dropped 51% to US$105
million (RM421 million) for the first
three months to June 30 — which
the firm takes as its first quarter —
compared to US$214 million for the
same period last year.
Pre-tax profit for the 1Q also
plunged by 80%.
Revenue grew 3% to US$10.7 billion, but fell short of Bloomberg analysts’ average estimates of US$11.5
billion.
In a statement to the Hong Kong
stock exchange, Lenovo said it would
seek to slash costs by US$1.35 billion
annually and cut 3,200 staff from its
non-manufacturing workforce —
around 5% of its worldwide headcount. It would also restructure its
mobile business.
“In the face of financial results
that did not meet expectations, Lenovo is undertaking broad, decisive
actions — including better aligning its
businesses and significantly reducing
costs,” the firm said in a statement.
Lenovo shares traded in Hong
Kong were down almost 7% in morning trade at HK$7.88 (RM4.08).
Lenovo has suffered from a decline in global demand for PCs, which
account for around a third of its revenue despite its efforts to diversify into other sectors, including the
smartphone market.
Revenue from its PC business was
down 13% year-on-year, while the
mobile sector —combining Lenovo
and Motorola — was up by 33%. “In
the smartphone business, our strategic shift from China to the rest of
world has paid off,” Yang said. — AFP
Symantec’s sale reveals the truth about M&As
BY JEFF REY G O LDFARB
NEW YORK: Symantec Corp is revealing the truth about technology mergers and acquisitions (tech
M&As). Offloading its data storage and recovery business Veritas
Technologies Corp for US$8 billion
(RM32.1 billion) to buyout firm
Carlyle Group and Singapore’s GIC
Pte Ltd ends a decade-long disaster of a deal.
Like Hewlett-Packard Co, Microsoft Corp and others, Symantec
discovered it can be harder to buy
than build. The resulting carve-
ups and write-downs, though,
have a tendency to perpetuate
the problem.
The original US$13.5 billion allstock acquisition of Veritas that
Symantec struck back in December
2004 was an unqualified bust. The
company botched the integration,
hurting sales.
By the time it clawed its way
back, the financial crisis hit in 2008.
A new boss then came along
with a strategy focused on security, not storage.
Since the deal was announced,
Symantec shares have tumbled by
almost a third against a 135% rise
for the Nasdaq.
Veritas should get a fresh life
under new owners. The price tag
suggests a whopping 16 times the
division’s US$486 million of reported operating income in the year to
March 31.
The multiple, though, works out
closer to nine times earnings before
interest, taxes, depreciation and
amortisation after some marketing and other costs are stripped
out and left behind at Symantec.
Certain tax breaks will make the
deal even cheaper. — Reuters
IN BRIEF
Telstra annual profit falls
1% on CSL sale
SYDNEY: Australia’s dominant
telecom company Telstra Corp
Ltd reported yesterday a 1%
decline in annual net profit
to A$4.23 billion (RM12.5 billion), after the sale of Hong
Kong mobile business CSL Ltd.
Despite the result, which was in
line with analyst expectations,
Telstra boosted its final dividend to 15.5 Australian cents
to take the full-year payout to
30.5 Australian cents. Total income was A$26.6 billion, while
earnings before interest, tax,
depreciation and amortisation,
excluding the CSL sale, rose
2% to A$10.75 billion. Telstra
chief executive Andrew Penn
said the sale in May last year
had hit reported income and
profit numbers. — AFP
Tinder CEO leaves after
five months
SAN FRANCISCO: Smartphone dating application Tinder announced yesterday the
departure of its chief executive offi cer (CEO) just fi ve
months after he had taken the
helm. Christopher Payne will
be leaving the company and
founder Sean Rad has been
called in to head the organisation, Tinder said in a statement. “It’s only been a few
months, but there was mutual
agreement here that it was not
the right long-term fit, and
given Tinder’s rapid growth
trajectory both Christopher
and the board thought prompt
action was best for everyone,”
said a director at Tinder, Matt
Cohler. — AFP
Fairfax Media full-year
profit falls 63%
SYDNEY: Australian media
company Fairfax Media Ltd
reported a 62.9% drop in fullyear profits yesterday, but
shareholders welcomed the
consensus-beating result amid
the challenges facing news organisations in the digital age.
Net profit plunged to A$83.17
million (RM246 million) from
a year ago said Fairfax, which
owns newspapers, radio and
digital interests across Australia. But revenue fell only 5.35%
to A$1.87 billion, beating the
forecast of A$1.82 billion from
analysts surveyed by Bloomberg
News. — AFP
NBCUniversal pumps
US$200m into Vox Media
WASHINGTON: Vox Media Inc
said yesterday it had secured a
US$200 million (RM802 million) investment from NBCUniversal Inc, becoming the latest
digital media venture to get a
large capital infusion. The deal
gives a big cash injection to the
digital group known for online
news sites including Vox.com,
The Verge and sports website
SB Nation and which recently
bought the tech news website
Re/code. The statement did not
include details, but Re/code
reported that the deal gives
Vox a valuation of more than
US$1 billion. — AFP
I N T E R NAT I O NA L B U S I N E S S 25
Singapore dollar pays liquidity price as yuan devalues
BY N ETTY I DAY U I SM AIL
SINGAPORE: The Singapore dollar is
paying the price for being easy to sell.
It’s tumbling at the fastest pace
since 2001, following China’s
shock devaluation as traders use
it as a proxy for less-liquid currencies, such as the baht and rupiah.
The island state’s dollar dropped
below the S$1.39 (RM3.99) yearend estimate in a Bloomberg survey, leaving banks including Commerzbank AG, the most-accurate
forecaster, and HSBC Holdings
Indian court
overturns Nestle
noodle ban,
orders new tests
MUMBAI: An Indian court yesterday overturned a government ban
on Nestle’s hugely popular Maggi
noodles brand, but ordered further tests before the product can
go back on sale.
Nestle went to the court to
challenge the nationwide ban
ordered by India’s food safety
watchdog in June, after tests by
some states found lead levels exceeding statutory limits.
The Swiss food giant has always maintained that the product
is safe to eat, and has continued
to sell it in other countries.
In its judgement, the High
Court in the western city of Mumbai called the ban “arbitrary” and
said it violated the “principles of
national justice”.
“We have examined the evidence in great detail. Since the petitioner Nestle has already agreed
not to make and sell Maggi until
the food authorities are satisfied,
we see no reason to allow any
relief to [the] food authorities,”
Justice Vidyasagar Kanade told
the court.
“We direct that Nestle send
five samples from each batch of
Maggi for testing to three labs, and
only if the lead is found to be lower than permitted will they start
manufacturing and selling again.”
The ruling came a day after
India said it was seeking damages of nearly US$100 million
(RM401 million) from Nestle India for “unfair trade practices” in
relation to the noodles, one of the
country’s most popular convenience foods. — AFP
plc rushing to review predictions.
There are domestic concerns,
too, as investors speculate whether Singapore will ease policy after
China’s shocking move, just as it did
in January when the Swiss National
Bank scrapped its exchange-rate
peg. The Monetary Authority of Singapore (MAS) issued a statement
on Wednesday, saying it stands
ready to curb excessive volatility
in the city state’s currency.
“There are concerns about
whether China’s move will spark
off some sort of competitive de-
valuation race,” said Khoon Goh, a
strategist at Australia & New Zealand (ANZ) Banking Group Ltd in
Singapore. “A lot of people tend to
use the Singapore dollar to express
their views of Asian currencies, and
that’s a factor in its decline.”
ANZ is reviewing its forecasts for
currencies across Asia, after China
devalued the yuan on Tuesday. Its
current prediction is in line with the
consensus in Bloomberg’s strategist
survey. The MAS guides the currency against an undisclosed basket
of peers, with the yuan and ringgit
probably having similar weightings,
according to ANZ.
The Singapore dollar was at
S$1.3961 against the greenback at
1.18pm local time yesterday, after plunging to a five-year low of
S$1.4165 the previous day. The currency has tumbled 5.1% this year,
on course for its steepest annual
decline in 14 years.
All major Asian currencies apart
from the yen have weakened since
China’s announcement on Tuesday,
with the baht down 0.4% and the
rupiah sliding 1.4%. — Bloomberg
Sampoerna plans
US$2b rights issue
It will be Indonesia’s biggest share sale in seven years
BY EV ELINE DANU BRATA
JAKARTA: Philip Morris International Inc-owned Indonesian cigarette maker, PT Hanjaya Mandala
Sampoerna Tbk, is planning a rights
issue that will raise nearly US$2 billion (RM8.02 billion) to meet stock
exchange free-float rules, in what
will be the Southeast Asian nation’s
biggest share sale in seven years.
Indonesia’s biggest-listed cigarette maker is selling as many as
269.7 million shares in a range of
63,000 rupiah (RM18.35) to 99,000
rupiah each for a total of as much
as 26.7 trillion rupiah, the company
said in a stock exchange filing late
on Wednesday.
Sources previously said that Philip Morris was planning to sell down
some of its 98.18% stake in Sampoerna and raise at least US$1 billion.
The share offering comes at a
time when Indonesia’s economic at growth is at its weakest in six
years, and tougher rules on television advertising are weighing on
the cigarette industry.
However, Sampoerna’s nearly
35% market share makes it attractive to potential investors, bankers
said. The company sells some of
A shopkeeper stacking cartons of Sampoerna cigarettes in a shop in central
Jakarta, Indonesia. Bankers say Sampoerna’s nearly 35% market share makes it
attractive to potential investors. Photo by Reuters
the most popular cigarette brands,
including Dji Sam Soe and U Mild,
in Indonesia, a country where smoking remains widespread. Sampoerna competes with PT Gudang
Garam Tbk and Djarum Group in
Indonesia.
The Indonesian stock exchange
requires all listed firms to have a
free float of at least 7.5% by Jan 30,
2016. Sampoerna can meet the rule
if Philip Morris renounces its rights.
The share sale would be the big-
gest in Indonesia since a US$4.4
billion deal by PT Bakrie & Brothers
Tbk in April 2008. It would also be
the largest in Southeast Asia since
Singapore lender Oversea-Chinese
Banking Corp raised US$2.6 billion
from shareholders to bolster its capital in September last year.
Credit Suisse, Citigroup, Goldman Sachs, JPMorgan and Mandiri Sekuritas are working on the
Sampoerna deal, IFR, a Thomson
Reuters publication, said. — Reuters
Singtel’s 1Q net profit up 13% on strong regional earnings
SINGAPORE: Southeast Asian telecom giant Singapore Telecom (Singtel) said yesterday its first-quarter
profit rose 13% from a year earlier,
boosted by a one-time gain from its
Indian business and strong earnings
from regional associates.
Net profit for the three months to
June came in at S$942 million (RM2.7
billion), Singtel said in a filing with
the Singapore Exchange, while group
revenue rose 1.5% to S$4.21 billion.
Profit at Southeast Asia’s biggest
telecom operator by revenue was
bolstered by a one-off gain of S$47
million after its Indian associate Bharti Airtel sold mobile tower assets in
Africa.
Singtel also reported strong contributions from regional telecom firms,
in which it has substantial investments, and an 8% rise in the group’s
combined mobile subscribers from
a year ago to 565 million.
“This quarter’s results reflect the
strong execution in our business,”
group chief executive Chua Sock
Koong said in a statement.
“We are accelerating investments in spectrums, networks and
systems, and transforming our cost
structure.”
Singtel said its mobile phone
associates in Thailand, the Philippines, Indonesia and India delivered “strong earnings as network in-
vestments continued to accelerate
data adoption, and 3G handset and
smartphone penetration increased”.
Singtel said its share of pre-tax
earnings from its regional associates climbed 5.2% to S$625 million.
The Singapore firm has expanded from its small domestic market
by taking large stakes in major Asian
telecom operators, and has a wholly-owned subsidiary in Australia,
Singtel Optus. — AFP
IN BRIEF
Thai Airways to miss
2015 revenue target
on low passenger yield
BANGKOK: Thai Airways International Pcl said yesterday
it is likely to miss its 2015 revenue target of 180 billion baht
(RM20.52 billion), as average
revenue per passenger is still
low, despite an increase in
numbers. The flag carrier’s
cabin factor, or percentage
of seats sold, may fall short of
its target of 80% for this year,
and it plans to fly on three
new routes to China to boost
revenue, president Charumporn Jotikasthira told a news
conference. The airline aims
to sell 36 planes this year as
part of a restructuring plan to
have 91 aircraft in its fleet by
the end of this year, Charumporn said. — Reuters
Thai public debt ratio
seen rising to 48.3%
of GDP in 2016
BANGKOK: Thailand’s Finance Ministry said yesterday
it expects a rise in the country’s public debt to gross domestic product (GDP) ratio to
48.3% in 2016, and would borrow 638 billion baht (RM72.75
billion) to finance the deficit
and investment for the year.
The ministry has projected
the public debt to GDP ratio increasing to 51% in 2017,
52% in 2018, 53% in 2019 and
52% in 2020, Theeraj Athanavanich, deputy director of the
ministry’s public debt management office, told reporters. “This is still within fiscal
stability at not over 60%,” he
said. “It’s at a manageable
level.” — Reuters
‘Indonesia to prioritise
financial system stability
over economic growth’
JAKARTA: Indonesia’s central
bank said it would prioritise
financial system stability over
supporting economic growth,
its governor told reporters yesterday. “Indonesia must respond in a coordinated and
measured manner. We must
prioritise stabilisation,” governor Agus Martowardojo told
a news conference. Gross domestic product growth in the
second quarter was the slowest since 2009. The rupiah hit
its lowest since July 1998 on
Wednesday. — Reuters
Singapore Airlines
scraps talks on buying
stake in Jeju Air
SINGAPORE: Singapore Airlines Ltd said yesterday it had
scrapped talks with South Korea’s Jeju Air on buying a stake
in the budget airline. Singapore
Airlines did not give a reason
for its decision. In March, it said
it was in talks with Jeju Air over
a possible deal, which would
have been the the Singapore
carrier’s first foray into North
Asia, where rising demand from
Chinese passengers is fuelling
growth. — Reuters
2 6 I N T E R NAT I O NA L N E W S
Japan man flushes love rival’s penis down toilet — reports
TOKYO: Japanese police have arrested a man accused of bursting
into a lawyer’s office and cutting off
his penis with garden shears before
flushing the organ down a toilet.
Local media reports said Ikki
Kodukai, a 24-year-old Tokyo graduate student, may have been acting out of revenge over his wife’s
romantic involvement with the
42-year-old victim. Police said
Kodukai, who was arrested short-
ly after the alleged attack, punched
the unnamed lawyer several times
before prying off his pants and then
severing his “lower body part” with
the shears. A Tokyo police spokesman confirmed the body part in
question was the man’s genitals.
Kodukai told police that he “flushed
what was severed down the toilet”,
he said, adding that the victim’s
injuries were not life threatening.
— AFP
Huge China explosions leave
scores dead, hundreds injured
After a shipment of explosives detonates in a warehouse in Tianjin
BY BENJAMIN HAAS
TIANJIN: Enormous explosions in
a major Chinese port city killed at
least 44 people and injured more
than 500, state media reported yesterday, leaving a devastated industrial landscape of incinerated cars,
toppled shipping containers and
burnt-out buildings.
An AFP reporter in Tianjin saw
shattered glass up to 3km from
the blast site, after a shipment of
explosives detonated in a warehouse, unleashing a fireball that lit
up the night sky and rained debris
on the city.
The explosion was felt several
kilometres away, even being picked
up by a Japanese weather satellite,
and images showed walls of flame
enveloping buildings and rank after rank of gutted cars.
“When I felt the explosion I
thought it was an earthquake,” resident Zhang Zhaobo told AFP. “I
ran to my father and I saw the sky
was already red. All the glass was
broken, and I was really afraid.”
Images obtained by AFP showed
residents, some partially clothed,
running for shelter on a street
strewn with debris.
“The fireball was huge, maybe
as much as 100m tall,” said 27-yearold Huang Shiting, who lives close
to the site.
“I heard the first explosion and
everyone went outside, then there
was a series of more explosions, windows shattered, and a lot of people
who were inside were hurt and came
running out, bleeding,” he told AFP.
Paramedics stretchered the
wounded into the city’s hospitals
as doctors bandaged up victims,
many of them covered in blood.
Citing rescue headquarters, the
official Xinhua news agency said
44 people were killed, including
12 firefighters.
Scores of firefighters were already on the scene before the explosion, responding to a fire, and
at one city hospital a doctor wept
over the remains of a firefighter
still in uniform, his skin blackened
from smoke, as he was wheeled
past along with two other bodies.
Xinhua said 520 people had
been hospitalised, 66 of them in
Smoke rising from the site of the explosions at the Binhai new district, Tianjin, in China yesterday. Two huge explosions tore
through an industrial area where toxic chemicals and gas were stored in the northeast Chinese port city of Tianjin, killing at least
44 people, including at least a dozen firefighters, officials and state media said yesterday. Photo by Reuters
Firefighters working at the site as smoke and fire rise from the debris after the
explosions at the Binhai new district in Tianjin, China yesterday. Photo by Reuters
critical condition.
Mei Xiaoya, 10, and her mother were turned away from the first
hospital they went to because there
were too many people, she told AFP.
“I’m not afraid, it’s just a scratch,”
she said pointing to the bandage on
her arm. “But mum was hurt badly,
she couldn’t open her eyes.”
Plumes of smoke still billowed
over buildings hours after the blast,
which occurred shortly before midnight local time.
“Of course I was afraid, how can
you not be afraid?” said a man as
he looked at his apartment block
behind a police cordon. “I ran,
I grabbed my child and my wife
and ran.”
Communist Party newspaper
the People’s Daily said in a social
media post that there were people trapped by the fire, but CCTV
said efforts to put out the blaze
had been suspended as it was not
clear whether dangerous items
remained in the storage facility.
Specialist anti-chemical warfare
troops were being sent to the site,
the broadcaster added.
It was not clear what caused the
shipment of explosives to detonate
inside a storage container.
Executives from the company
that owns the warehouses, Tianjin
Dongjiang Port Rui Hai International Logistics Co Ltd, were taken
into custody by police, Xinhua said.
The force of the first explosion
was the equivalent of three tonnes
of TNT, the China Earthquake Networks Centre said on its verified
Weibo account, followed by a second blast equal to 21 tonnes.
State broadcaster CCTV said in a
Twitter post that President Xi Jinping
had urged “all-out efforts to rescue
victims and extinguish the fire”.
China has a dismal industrial
safety record as some factory and
warehouse owners evade regulations to save money and pay off corrupt officials to look the other way.
In 2013, a pipeline explosion
at state-owned oil refiner Sinopec
Ltd’s facility in the eastern port
of Qingdao killed 62 people and
injured 136. In July this year, 15
people were killed and more than
a dozen injured when an illegal
fireworks warehouse exploded in
the northern province of Hebei,
which neighbours Tianjin. And at
least 71 were killed in an explosion
at a car parts factory in Kunshan,
near Shanghai, in August last year.
Tianjin, about 140km southeast of Beijing, is one of China’s
biggest cities, with a population of
nearly 15 million people according
to 2013 figures. A manufacturing
centre and major port for northern
China, it is closely linked to Beijing, with a high-speed train line
cutting the travel time between
them to only 30 minutes. — AFP
IN BRIEF
Political dissident seeks
asylum in Taiwan
TAIPEI: A Chinese political dissident who supported Tiananmen Square protesters after
the bloody 1989 crackdown
on pro-democracy activists is
seeking asylum in Taiwan after
arriving last month as a tourist
and overstaying his permit, he
said yesterday. Gong Yujian, 38,
said threats and harassment
against him by Chinese authorities had been building in the
decades since he observed the
protests as a middle-school student and made and distributed
posters supporting the movement. “I was so young at the
time, I didn’t know what the
consequences would be,” he
told Reuters by phone from a
temporary residence in Taipei.
— Reuters
Monk gets six years for
Buddha statue theft
TOKYO: A Japanese court yesterday sentenced a South Korean monk to six years in prison
for stealing a Buddha statue
and a set of scriptures from
an island that has long been a
historic gateway between the
two nations. Kim Sang-ho, 70,
together with four other South
Koreans, stole the statue and
360 volumes of Buddhist scripture, worth around ¥110 million (RM3.55 million) in total,
according to the ruling by the
Nagasaki District Court. They
were stolen in November last
year from a temple on Tsushima island, about 50km from
the Korean peninsula, which is
dotted with temples and other
relics that underline centuries
of interaction. — AFP
10 injured in blast outside
Kashmir mosque
SRINAGAR: A grenade exploded outside a mosque in restive Indian Kashmir yesterday,
injuring 10 worshippers after
morning prayers in the first
such incident in 14 years, police
said. Police are investigating
but it was unclear who was behind the blast in Trenz village
in the southern Kashmir valley
which has seen increased security following a recent rise in
militant violence. “Ten of them
(worshipers) were injured, four
have been shifted to a hospital
in Srinagar,” Altaf Khan, superintendent of police for the area,
told AFP. — AFP
Australia’s Bondi Beach
closed after shark sighting
SYDNEY: Australia’s Bondi
Beach was closed yesterday
and swimmers were ordered
out of the water after lifeguards
confirmed a shark had been
spotted at the popular Sydney
location.The latest sighting
came less than two weeks after several beaches were closed
further north on Australia’s east
coast following sharks being
spotted. “The shark alarm went
off at 3.30pm this afternoon
(yesterday afternoon) ... and
Bondi Beach was closed,” a local council spokeswoman told
AFP. — AFP
I N T E R NAT I O NA L N E W S 2 7
Neglect charge dropped for mother of dead Hong Kong teen
HONG KONG: The Filipina mother
of a teenager who plunged to her
death from an upmarket Hong Kong
apartment saw a charge of child neglect against her dropped yesterday.
Herminia Garcia, 53, still faces
a charge of “breach of condition to
stay” in Hong Kong.
Her British businessman partner,
Nick Cousins, faces fresh charges of
helping her to stay in the city illegally, plus two counts of failing to
register a birth.
The 58-year-old is the managing
director of the Hong Kong office of
Three more
women claim
Cosby abuse
LOS ANGELES: Three more
women alleged on Wednesday
they were assaulted by Bill Cosby, including one who said the
former US comedy icon forced
her to perform oral sex.
The women — actresses
Eden Tirl and Linda Ridgeway Whitedeer, and ex-flight
attendant Colleen Hughes —
addressed the media in Los
Angeles.
They join more than 40 others who claim abuse by the
pioneering African-American
comedian, who played a beloved family doctor in the hit
1980s sitcom The Cosby Show.
Whitedeer said she met Cosby in 1971 during a job interview.
“His attack was fast with surgical precision and surprise on
his side,” she said, adding that
Cosby forced her to perform
oral sex.
Tirl, meanwhile, said she
suffered abuse during filming
of The Cosby Show.
Hughes said she met Cosby
while on a flight to Los Angeles.
He subsequently took her to
lunch at a hotel in Beverly Hills,
she said, and then invited her
to have champagne in a room.
Waking up hours later, she
said she realised that she had
been sexually assaulted.
“I lived my whole life with a
terrible secret about what Bill
Cosby did to me,” she said. “I
never told anyone.” — AFP
British multinational Jardine Lloyd
Thompson, one of the world’s leading insurance brokers.
Their 15-year-old daughter fell 21
storeys from the apartment block
in Repulse Bay in April.
The teenager was pronounced
dead at the scene after a security
guard heard a loud noise, and she
was found lying on the ground.
Police said at the time she had
been upset about “daily life issues”.
Her younger sister was initially
taken to a children’s home following the incident, but was shortly
released back into her family’s care.
There was “no suspicious element” to the tragedy, police added,
but they detained both parents on
suspicion of neglect. Garcia was
charged soon after and Cousins
released on bail, pending a police
investigation.
He was finally charged on
Wednesday for “aiding, abetting,
counselling or procuring breach
of condition to stay by another person” and two charges of “failing to
register birth”.
Giles Surman, who represented
the couple yesterday, said outside
the courtroom that the charge of
child neglect against Garcia was
dropped “because there is no evidence”.
Garcia is reported to have been
working as a domestic helper in
Hong Kong from 1990, and began
living with Cousins in 1994.
The South China Morning Post
had previously reported that the
girls’ births had never been registered, despite attempts by the
immigration department to track
them. — AFP
Chief of Myanmar’s
ruling party removed
in power struggle
After shock police swoop on headquarters
BY HLA-HLA HTAY
NAYPYIDAW: The leader of Myanmar’s ruling party has been removed from his post, an official
said yesterday, after a shock police
swoop on party headquarters that
laid bare a power struggle among
the country’s key political players
ahead of elections.
The ruling Union Solidarity and
Development Party (USDP) has
been gripped by infighting in the
run-up to the November polls —
billed as the freest and fairest for
decades in the former junta-ruled
nation.
After a night of high political
drama which saw security forces
enter the USDP base in Naypyidaw,
Shwe Mann (pic) — who is also the
parliamentary speaker — appeared
to be the main target of a swift and
decisive power play.
Recent months have seen intensifying rumours of animosity
between Shwe Mann and
President Thein Sein,
both former generals
who shed their uniforms
to play central roles in
Myanmar’s reforms.
Thein Sein agreed to
Shwe Mann’s removal
from his party role, Zaw
Htay of the President’s
Office told AFP.
“This is just a party leadership
affair, there is no reason to worry,”
he said, countering rumours Shwe
Mann had been arrested.
The government was working
“to stabilise public order”, he added,
without giving details.
Earlier, Shwe Mann’s son told
AFP his father’s house in the capital
had been surrounded by “so-called
guards”, following the police swoop
late on Wednesday.
“It is strange that armed forces
have restricted a political party in this
way,” Toe Naing Mann added, say-
ing he was monitoring
the situation through
contacts from Yangon.
About half a dozen
police remained at the
gate of the party’s vast
headquarters, according to an AFP reporter
at the scene.
The surprise move
came a day before the deadline for
candidates to register to contest
the upcoming polls.
There were also signs that Shwe
Mann was reluctant to support candidates loyal to the president and
had not accepted some recently
retired soldiers put forward by the
powerful army.
Political tensions are seething
ahead of the Nov 8 polls.
Shwe Mann had publicly welcomed the idea of working closely
with Suu Kyi, whose party is expected to make strong gains in the
looming polls. — AFP
Record penalty for tuna giant after employee cooked in oven
LOS ANGELES: California-based
canned tuna company Bumble
Bee Foods will have to pay a record US$6 million (RM24.04 million) after the death of one of its
employees, who was accidentally cooked in an industrial oven
in 2012.
The penalty, part of a settlement announced on Wednesday,
is the largest ever for a workplace
safety violation in California involving a single worker.
Jose Melena, 62, entered a
10.6m cylindrical pressurised
steam cooker as part of his reg-
Bumble Bee will have to pay a record US$6 million after one of its employees was
accidentally cooked in an industrial oven in 2012.
ular job duties on Oct 11, 2012,
before co-workers, who did not
realise Melena was inside, loaded
the oven and turned it on, trapping and killing him.
Half of the US$6 million penalty will go to replacing the outdated
tuna ovens, so that workers will
never again need to enter them for
maintenance or any other reason,
according to a statement from the
office of Los Angeles County District Attorney Jackie Lacey.
The family of Melena, who
worked and died at the tuna giant’s Santa Fe Springs, California
plant, will receive US$1.5 million
in restitution.
Bumble Bee will also have to
make a public statement conceding guilt as part of the settlement.
The plant’s director and former
safety manager will also need to
issue a statement conceding guilt,
in addition to paying fines and performing community service. — AFP
IN BRIEF
IS says in audio
broadcast that it
killed Croatian hostage
CAIRO: Militant group Islamic
State (IS) said in an audio broadcast yesterday that its Egyptian
affiliate had killed a Croatian
hostage, a day after a photograph
of a beheaded corpse purported to be that of the Croat was
circulated by the group’s supporters. Egypt’s Foreign Ministry
said security forces still had “no
confirmed information” about
the beheading. The photograph,
circulating on Twitter accounts of
supporters of the Sinai Province
group, showed a man’s severed
head placed on his body, with the
black IS flag in the background.
Next to the picture were screenshots of Arabic news articles with
the headlines: “Croatia confirms
its support for Egypt in efforts to
fight terrorism and extremism”
and “Croatia affirms its continued support for the Kurdistan
region”. — Reuters
Thai PM Prayuth
confirms imminent
Cabinet reshuffle
BANGKOK: Thai Prime Minister
Prayuth Chan-o-cha confirmed
an imminent Cabinet reshuffle
yesterday, adding that he would
change some ministers and appoint outsiders to the posts. “I will
change ministers according to
appropriateness,” Prayuth told
reporters. “There will be outsiders and some will have to leave.”
Prayuth, who as army chief led
a May 2014 coup after months
of street protests, was appointed
prime minister in August 2014 by
a hand-picked legislature. Since
then, he has ruled largely unchallenged despite sporadic protests,
but has come under increasing
pressure over Thailand’s sputtering economy. — Reuters
UN chief sacks mission
head over peacekeeper
sex abuse claims
NEW YORK: United Nations secretary-general Ban Ki-moon announced on Wednesday he had
fired the mission chief in the Central African Republic, declaring
“enough is enough” after a string
of allegations of child sex abuse
by peacekeepers. Babacar Gaye
of Senegal “tendered his resignation at my request,” Ban told reporters at the global body’s headquarters in New York. The move
followed fresh accusations that a
peacekeeper from the Minusca
force had raped a 12-year-old girl,
months after similar claims were
made against Moroccan and Burundian troops in the unit. — AFP
Swedish prosecutor
drops three cases against
WikiLeaks’ Assange
STOCKHOLM: Swedish prosecutors said yesterday they had
dropped investigations into
allegations of sexual assault
made in 2010 against WikiLeaks founder Julian Assange because they had run out of time
to bring charges. Prosecutors
said they would continue with
investigations into a further allegation of rape against Assange,
also made in 2010. — Reuters
2 8 S P O RT S
Top-seeded Japanese duo
beaten by Malaysian pair
Sent crashing out of women’s doubles in third round of WBC
JAKARTA: Japan’s top-ranked
pair Misaki Matsutomo and Ayaka Takahashi crashed out of the
women’s doubles in the third
round of the World Badminton
Championships (WBC) in Jakarta
yesterday.
The Japanese, who were granted a first-round bye, came unstuck against unseeded Malaysian duo Amelia Alicia Anscelly
and Soong Fie Cho 21-15, 12-21,
21-14.
Froome backs
Farah over
release of blood
test data
LONDON: Tour de France
winner Chris Froome has
backed British track great
Mo Farah’s decision to release blood test data in an
attempt to silence sceptics.
Farah, who won Olympic
gold medals in 2012 for the
5,000m and 10,000m,is one
of eight athletes who have
agreed to release their own
readings.
His coach Alberto Salazar
has faced doping allegations,
but both he and Farah deny
any wrongdoing.
And fellow Briton Froome,
who faced constant allegations
of doping during his second
Tour win last month, believes
it’s the right thing to do.
However, Froome said that
while the decision might be
right for some, it would be
wrong to suspect others purely
for their reluctance to release
their own numbers given the
personal nature of the information.
Froome says world athletics’ governing body, the
International Association of
Athletics Federations (IAAF),
must invest more in its fight
against doping.
Union Cycliste Internationale (UCI) has hugely expanded its anti-doping efforts
in a bid to move on from the
era associated with the doping-marred years of Lance
Armstrong and other riders.
Froome, who claimed the
UCI now spends four times
as much as the IAAF on its
testing programme, said:
“[The IAAF] is going to have
to invest a lot more heavily
in anti-doping. That would
be a step in the right direction.” — AFP
Matsutomo and Takahashi
were considered one of the few
pairs capable of breaking China’s
stranglehold on the women’s doubles event. The Chinese have won
every women’s doubles crown bar
one since they began competing
in the world championships 32
years ago.
The top-seeded Japanese pair
hoped this would be their year for
gold, having competed at three
past world championships and
never advancing beyond the third
round.
But they could only match that
effort, with Takahashi conceding
they cracked under the pressure.
Men’s defending champions
Shin Baek Choel and Ko Sung Hyun
also failed to make it beyond the
second round, and fourth-seeded
Chinese pair Chai Biao and Hong
Wei also bowed out early.
Luckily the Koreans have plenty
of compatriots to pick up the slack,
with top men’s seeds Lee Yong
Dae and Yoo Yeon Seong taking
on fellow countrymen Kim Gi Jung
and Kim Sa Rang for a spot in the
quarter finals later yesterday.
Elsewhere, Denmark’s mixed
doubles pair Joachim Fischer
Nielsen and Christinna Pedersen suffered a dramatic loss to
Indonesia’s Praveen Jordan and
Debby Susanto, with the fifth seeds
falling 22-20, 19-21, 23-21 to their
lesser-ranked opponents.— AFP
Middle-distance great Coe says independent
agency can help combat doping
BY JULIAN G U Y E R
LONDON: British middle-distance
great Sebastian Coe has said the
creation of an independent antidoping agency in athletics can help
the sport in its battle against drug
cheats.
Coe, a candidate for the presidency of the International Association of Athletics Federations
(IAAF), the sport’s global governing body, said such an independent body would ease the workload
of both the World Anti-Doping
Agency (Wada) and national athletics associations.
“For many federations this is a
very onerous burden,” Coe told international news agency reporters
in a conference call on Wednesday,
as he again insisted the IAAF was
fully committed to weeding out
blood doping and other forms of
drug cheating, contrary to recent
media allegations.
Coe, the Olympic 1500m champion at both the 1980 and 1984
Olympic Games, is standing against
Ukrainian former pole-vaulter
Sergey Bubka in the race to suc-
ceed Lamine Diack as IAAF president, with an election scheduled
for Aug 19 on the eve of the World
Championships in Beijing.
The vote comes against the
backdrop of allegations made by
Britain’s Sunday Times newspaper and German broadcaster ARD
that, based on a leak from the IAAF
database, a third of medals in endurance races at the Olympics and
world championships from 2001
to 2012 had been won by athletes
with suspicious blood readings.
Meanwhile, Coe counselled
“caution” to any athletes feeling
compelled to follow the example
of Olympic 5,000m and 10,000m
champion Mo Farah, who plans to
publish his own blood date in a bid
to show he is a clean competitor.
“I would hate them to feel they
are under pressure to do this because if they don’t there is somehow an assumption they are
guilty,” Coe said.
Coe also said that Justin Gatlin,
one of the favourites for the 100m
in Beijing — along with Usain Bolt
— after running the fastest time
this year (9.74sec) would have to
ings from appearances, licensing and
endorsements, personal business
interests and, in some cases, salaries.
World No 1 tennis player Serena Williams is second at US$24.6
million, while motor-racing driver
Danica Patrick is the top non-tennis
player, in fourth place with US$13.9
million.
The only other non-tennis players
in the top 10 are No 8 Ronda Rousey
(mixed martial arts) and No 9 Stacy
Lewis (golf).
Tennis is one of the few big-money
sports where the earnings of women
Asean members urged to
boost sporting culture
KUALA LUMPUR: Asean has an
obligation to inculcate a sporting culture among citizens and
lift the standard of high-performance sports in member countries. Youth and Sports Minister
Khairy Jamaluddin said it was
imperative for members to have
proper infrastructure and equipment to showcase to the world
that Asean was capable of producing world-class athletes. “It’s
time that we strengthen our resolve and commitment in pooling our resources for the benefit
of our athletes ... and the rest of
the population by providing facilities and [education] on the
importance of sports for a healthy
lifestyle,” he said in his opening
remarks at the Third Asean Ministerial Meeting on Sports here
yesterday. — Bernama
Li Xuerui is top-ranked
casualty in Jakarta
JAKARTA: World No 1 Carolina Marin’s defence of her world
crown received a boost yesterday,
with key rival Li Xuerui of China
crashing out of the World Badminton Championships in Jakarta. Li, an Olympic champion
and silver medallist at last year’s
world championships, became
the highest-ranked casualty of
the tournament so far when she
fell in a marathon contest to 11thseed P V Sindhu 21-17, 14-21, 2117. The crestfallen third seed said
she wouldn’t dwell on her shock
exit and pledged to support her
Chinese compatriots still in contention for medals. “I prepared to
the maximum, so I’m not going
to stay down for long,” she said
via a translator. — AFP
Cheras velodrome to be
ready before Aug 18
Coe said such an independent body
would ease the workload of both Wada
and national athletics associations.
Photo by Reuters
be treated like any other eligible
competitor even though the American, the 2004 Olympic champion,
served a four-year ban from 2006
to 2010 after testing positive for
testosterone. — AFP
Sharapova is top female athlete earner
NEW YORK: Tennis star Maria Sharapova again tops the list of highest
earning female athletes over the past
year, according to Forbes.
For the 11th consecutive year, the
Russian heads a list dominated by
tennis players, who occupy seven
of the top 10 spots.
The 28-year-old Sharapova, who
won the French Open last year, collected US$6.7 million (RM26.86 million) in prize money, but her total
estimated earnings were US$29.7
million.
The Forbes list also includes earn-
IN BRIEF
are somewhat comparable to men,
though Sharapova’s income nonetheless was significantly less than
the US$67 million earned by Roger
Federer, the top tennis player on the
latest Forbes men’s list.
Boxers Floyd Mayweather
(US$300 million) and Manny Pacquiao (US$160 million) head the
latest men’s list, followed by Portugal and Real Madrid soccer player
Cristiano Ronaldo (US$79.6 million).
The female earnings were calculated from June 1 of last year until the
same date in 2015. — Reuters
KUALA LUMPUR: Repairs and
maintenance work at the Velodrome Cheras will be completed
before the start of the South East
Asian Track Cycling Grand Prix
on Aug 18. Malaysian National Cycling Federation (MNCF)
deputy president Datuk Naim
Mohamad said the contractor
assigned by the MNCF would
carry out repairs at the velodrome
on schedule. “The track is still
okay, only need some repairs at
certain spots. We expect the contractor to complete the repairs
by Saturday,” he told reporters
after carrying out an inspection
at the venue, here yesterday. —
Bernama
PLBT to send 14 cyclists to
compete in LCC Grand Prix
KUALA TERENGGANU: The
Terengganu Cycling Association
(PLBT) will be sending 14 cyclists
to compete in the LCC Grand Prix
cycling series in Indonesia on
Aug 18. PLBT head coach Syed
Mohd Hussaini Syed Mazlan said
the cyclists would comprise six
elite senior cyslists, four junior
men cyclists and four elite women cyclists. Syed Mohd Hussaini
said the Grand Prix would be a
challenging one because it requires cyclists to climb mountain terrain that is 2,800ft (853m)
high. — Bernama
S P O RT S 2 9
‘Dubai invites
designs for
60,000-capacity
stadium’
BY MATT SMI TH
DUBAI: Dubai has launched
a competition to design a
60,000-seater stadium that will
be built in the emirate to stage
matches at football’s 2019 Asian
Cup, three sources familiar with
the matter told Reuters.
The Asian Football Confederation (AFC) in March awarded hosting rights for the 24-nation tournament to the United
Arab Emirates (UAE), rejecting
a rival proposal from Iran.
Matches are expected to be
played in the UAE capital Abu
Dhabi, Dubai and oasis town
Al Ain. Each will likely use two
stadiums, with AFC regulations
stating the hosts must employ
at least six for the tournament.
Dubai’s Roads and Transport Authority (RTA), which
did not respond to requests
for comment, has the remit
from the emirate’s government
to build the football stadium,
the sources said. They spoke
on condition of anonymity because the design competition
has not been made public.
Some design bids have already been submitted to the
RTA, the sources said, with a
mixture of architects, engineers
and consultants collaborating
on individual submissions.
The stadium will be built in
or near Dubai Sports City, which
is already home to a 25,000-capacity cricket stadium that is
also expected to host matches
at the 2019 football tournament.
The award of the Asian Cup
reinvigorated Dubai’s plans to
build a large-capacity sports
venue. In 2007, it was awarded a design and construction
contract for two stadiums — a
60,000-capacity outdoor venue
and a 10,000 capacity indoor
venue — that at the time was
valued at 830 million dirhams
(RM912 million).
Both were slated to be completed in 2009, but were mothballed following Dubai’s real
estate crash and debt crisis.
Abu Dhabi’s Zayed Sports
City, which staged the final
when the UAE last hosted the
Asian Cup in 1996, has a capacity of 43,000, while the capital’s other main ground is the
42,000-seater Mohammed bin
Zayed stadium. — Reuters
Chelsea manager
Mourinho under fire
Over sidelining team doctor Carneiro
BY TOM W ILLI AM S
LONDON: Chelsea manager Jose
Mourinho found himself at the eye
of a storm yesterday as criticism
mounted over reports he has sidelined the Premier League champions’ team doctor Eva Carneiro.
British media reports claim
Carneiro will no longer attend
Chelsea’s matches or training
sessions after Mourinho lambasted her and physiotherapist Jon
Fearn for running onto the pitch
to treat Eden Hazard during the
latter stages of last weekend’s 2-2
draw at home to Swansea City.
The outspoken Mourinho, who
said that Carneiro and Fearn had
been “impulsive and naive”, has
received widespread criticism,
with Liverpool’s former head of
sports medicine Peter Brukner
branding his behaviour “absolutely appalling”.
In a statement yesterday, the
Premier League Doctors’ Group
described Carneiro’s reported demotion as “unjust in the extreme”.
It added: “In the publicised
incident in last Saturday’s game
against Swansea, the Chelsea
medical staff were clearly summoned onto the field of play by
the match referee to attend to
a player.
“A refusal to run onto the pitch
would have breached the duty
of care required of the medical
team to their patient.
“It is a huge concern that Dr
Carneiro has been subjected to
unprecedented media scrutiny
and a change in her professional
role, merely because she adhered
to her code of professional conduct and did her job properly.”
Chelsea and Mourinho are yet
to comment on reports that Carneiro’s role has changed, but he
is expected to address the media
at his weekly press conference
today.
Chelsea were down to 10 men
against Swansea following the
dismissal of goalkeeper Thibaut
Courtois and were temporarily
reduced to nine players as Hazard was obliged to leave the field
after receiving treatment. — AFP
West Ham’s Sakho to play despite arrest
LONDON: West Ham United’s
Senegalese striker Diafra Sakho
could play against Leicester City
this weekend despite having been
arrested on suspicion of assault,
manager Slaven Bilic said yesterday.
Sakho, 25, is thought to have
been arrested last week on suspicion of assaulting his girlfriend in
east London.
But he played in the team that
won 2-0 at Arsenal in West Ham’s
opening Premier League fixture
last weekend and Bilic suggested
he would keep his place against
Leicester tomorrow.
“Well, he’s training,” Bilic told
a press conference when asked
about Sakho’s situation. “He played
against Arsenal. He was here every
day, he looks OK, he looks happy, he’s not worried. For all these
things, I’m happy.
“For all other aspects of this
problem, you should talk to Diafra.
Of course I’m concerned. I spoke
with him. But he looks very positive,
he’s not worried about it.”
Sakho joined West Ham frim
French side Metz last year and
scored 12 goals in his first season
more” on football development.
Fifa secretary-general Jerome
Valcke called the comments “quite
disappointing”.
“It was also surprising, to say the
least, given that he served as the
deputy chairman of Fifa’s development committee from October
2011 to March 2013,” Valcke said
in a statement to AFP.
“Football development is Fifa’s
Celtic’s lack of discipline
angers Deila
GLASGOW: Celtic manager
Ronny Deila slammed his side’s
mental approach as the Scottish
champions slipped to a surprise
2-2 draw against Kilmarnock
at Rugby Park on Wednesday.
The Hoops twice let a lead slip
through their fingers as their
winning start to the Scottish
Premiership campaign came
to an abrupt halt. Leigh Griffiths put Celtic ahead in the
second minute and the Hoops
missed a host of chances before
Josh Magennis levelled matters
against the run of play in the
35th minute. Nir Bitton’s sensational strike 10 minutes into
the second half looked to have
given Celtic the win but Kallum
Higginbotham’s 87th-minute
chipped penalty helped bottomof-the-table Killie deny the defending champions their third
consecutive victory. — AFP
Vidal praise sees
Aranguiz join Leverkusen
BERLIN: Charles Aranguiz says
a positive appraisal of Bayer
Leverkusen by Arturo Vidal
convinced him to sign for the
Bundesliga side and join his
Chile international teammate
in Germany’s top flight. Leverkusen announced yesterday that
Aranguiz has signed a five-year
contract. The 26-year-old has
won 40 caps for Chile and was
part of the team which won the
Copa America last month by
beating Argentina on penalties in the final. The defensive
midfielder scored twice in a 5-0
group win against Bolivia before
netting in the penalty shootout victory over Argentina, and
Leverkusen are reported to have
spent €12 million (RM53.59 million) on him. — AFP
Goalkeeper doubts dog
Man Utd as Villa await
Sakho playing in the pre-season friendly in Carrow Road on July 29. He could play
against Leicester City this weekend despite having been arrested on suspicion of
assault. Photo by Reuters
at Upton Park.
Meanwhile, French midfielder
Morgan Amalfitano’s future at the
club is in serious doubt after Bilic
said he was not part of his plans.
The Croatian downplayed press
reports of a bust-up between the
pair, but confirmed that Amalfitano had been removed from the
first-team squad. — AFP
Fifa hits back at football spending critic
PARIS: Fifa’s outgoing leadership
hits back yesterday at criticism of its
spending on poorer football nations
by one of the potential candidates
to head the world body.
Prince Ali bin al-Hussein, a former Fifa vice-president considering a run to replace Sepp Blatter
as president told AFP in an interview this week that the global body
should be spending “a hell of a lot
IN BRIEF
first pillar,” Valcke added.
“We are spending more than
ever on the game around the world,
redistributing resources from the
Fifa World Cup into development
programmes everywhere to reduce
the gap between the strong and
weak footballing nations.”
He said that since 1999, Fifa has
provided its member associations
and confederations with more than
LONDON: A question mark continues to sit at the top of Manchester United’s team-sheet as
Louis van Gaal’s side prepare
for their second Premier League
fixture at Aston Villa today. With
David de Gea’s mooted move to
Real Madrid locked in an impasse over the Spanish club’s
refusal to meet United’s valuation for the player or include
centre-back Sergio Ramos as
part of the deal, British media
reports suggest that United now
expect the Spaniard to remain at
the club this season. De Gea, 24,
sat in the stands during United’s
1-0 win at home to Tottenham
Hotspur last weekend after van
Gaal said the link to Madrid had
affected his “focus”. — AFP
Peru’s Vargas pens
two-year Real Betis deal
US$2 billion (RM8.02 billion) in
development funds.
Fifa now earns more than US$5
billion in the four years between each
World Cup and Valcke said that “development-related expenses” reached
a record US$1 billion for the 20112014 cycle. He said “strict financial
controls” have been put in place by
the scandal-tainted world body on
how the money is spent. — AFP
LIMA: Peruvian international defender Juan Manuel Vargas has
signed a two-year deal with La
Liga side Real Betis, the Spanish
club confirmed on Wednesday.
Vargas, 31, has spent the past
nine seasons playing in Italy with
Catania, Fiorentina and Genoa.
Capped 59 times for Peru, Vargas was officially presented by
his new club yesterday. — AFP
30
life+style
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Your quick guide to rest and relaxation. By Su Ann Quah
14.08.15 to 16.08.15
new things to try
Cooking lessons
Do you look at the greens available in Kuala Lumpur and sometimes wonder what they
are, what they’re good for and how to cook them? Then this course is absolutely for
you! An introduction to at least 10 types of local vegetables; their names, nutritional
value, how to prepare and stir-fry them. Learn how to stir-fry the Chinese way — tasty,
crunchy and appealing vegetables. This is a demo (not hands on course) and tasting of
each vegetable. Also includes lunch (coffee/tea, small soup, basil fried rice and dessert)
afterwards. The course is conducted by Judy Phoon, and priced at RM100 per person.
For inquiries or reservations, email rgb.malaysia@gmail.com
A public talk with writer
Isa Kamari
The Silverfish Festival of Cabbages is a series of events planned
for every Saturday and Sunday
during the months of August and
September, held at 20-2F, Bangsar
Village 2, Bangsar Baru, KL. The
Silverfish public talk series was
initially a means of getting academia closer to “real” people, to
discuss difficult topics with levity — other than partisan politics.
On Saturday, Isa Kamari, a leading Malay language writer from
Singapore will be giving a talk
about the Malay writing scene on
the island republic. The talk will
start at 5pm and end at 7.30pm.
Attendance is free. For inquiries,
call (03) 2284 4837 or visit www.
facebook.com/silverfishbooks.
places to get delicious mooncakes
Häagen-Dazs
If you didn’t think that it was possible to innovate on the amazing array of mooncake
flavours that chefs have come up with in
recent years, think again. Häagen-Dazs has
now come up with ice cream mooncake available in three flavours: chocolate, summer
berries & cream and mango. They can now
be purchased from any Häagen-Dazs outlet
in Malaysia. To add to the fun, any purchases made before Aug 24 enjoys 10% off. For
more info, visit www.haagendazs.com.my or
www.facebook.com/haagendazsmalaysia.
Dolly Dim Sum
Dolly Dim Sum is celebrating the Mid-Autumn festival with
a special mooncake gift box which includes four pieces of
mooncakes in a variety of flavours. Priced at RM79 and available from now till Sept 27, each purchase also comes with a
complimentary voucher from Fresca Mexican Kitchen Bar.
In conjunction with the festival, Dolly Dim Sum is also running a creative photo contest — post a photo of your favourite moments at the restaurant Instagram with the hashtag
#dollymooncake and you’ll be in the running for some great
prizes. For inquiries, call (03) 2181 3830. Dolly Dim Sum is
located at Lot G9, Ground Floor, Avenue K, 156 Jalan Ampang,
Kuala Lumpur and opening hours are from 11am to 10pm.
FR I
A I LY
s
life+style 31
amazing musical experiences
MPO plays the music of Queen
The legendary Queen comes to life again this weekend
with the Malaysian Philharmonic Orchestra (MPO).
Featuring some of Queen’s most popular songs from
decades past, the MPO along with Brent Havens, Brody
Dolyniuk, Dan Clemens, George Cintron, Powell Randolph and Bart Kuebler will transport you back in time.
Relive the genius of Freddie Mercury, Brian May, John
Deacon and Roger Taylor. Three performances take place
at Dewan Filharmonik Petronas tonight and tomorrow at
8.30pm and Sunday at 3pm. Tickets are priced at RM150,
RM200, RM280 and RM350 and can be purchased from
mpo.com.my or by calling (03) 2331 7007.
Live Sparkle Series
The Live Sparkle Series aims to expose
home-grown musicians to the masses
— it’s a weekly performance featuring
the rich repertoire of
local electro, acoustic, hip hop, sound
art, experimental and
ambient music. Tonight, Fadhil Zulkifri, The Venopian Solitude and Mr. Dragon will grace the
crowd with their presence at Life Fact, which is located at
No 33-2, Plaza Danau 2, Jalan 4/109f, Taman Danau Desa,
58100 Kuala Lumpur. Admission is priced at RM25 and can
be purchased at the door. All performances start at 9pm,
and doors open at 8.30pm. For inquiries or reservations,
call (012) 377 8558 or email livefactkl@gmail.com
Steve Nanda Quartet
The Steve Nanda Quartet performs at Alexis
Bistro tonight and tomorrow night at 10pm,
set to deliver an exciting blend of jazz fusion
and world music. The band will feature Steve
Nanda on drums, Patrick Terbrack on saxophones, Wei Li on keyboards and Daniel Foong
on bass; all of whom are very active in the local
live music scene. This high-energy band will
be featuring original material drawing influences from local ethnic music as well as some
interesting covers by well-known jazz artists.
A dress code of no shorts and slippers apply,
and patrons are required to be aged 10 and
above. For reservations or inquiries, call (03)
4260 2268 or log onto www.alexis.com.my.
Alexis Bistro is located at Great Eastern Mall,
303 Jalan Ampang, Kuala Lumpur.
new tomes to catch up on
Circling the Sun
Paula McLain’s newest
book to hit the shelves,
Circling the Sun has already topped the bestseller’s list on the New
York Times. Famed for
her phenomenal bestseller, The Paris Wife,
McLain now tells the
story of Beryl Markham,
a record-setting aviator
caught up in a passionate love triangle with safari hunters Denys Finch
Hatton and Karen Blixen. Transporting readers to 1920s Kenya,
McLain skilfully weaves the enigmatic African landscapes into
her enthralling new tale following Beryl and her restless heart.
Circling the Sun can be purchased from Kinokuniya at RM95.22.
Visit http://malaysia.kinokuniya.com for more information.
Jes Ebrahim@
Gaslight
Join Jes Ebrahim at
the Gaslight Café Vol:
II at 8pm tonight to
catch him perform
live. Although only
22 years of age, Jes
has been performing
since 2007, mainly at
open mic gigs around
the Klang Valley, such
as at Lepak Cage and
Arista Tropicana City
Mall. He’s also written songs with the Tree Theatre Group,
a children and youth based non-governmental organisation which uses art to spread environmental messages. A
mixture of folk, traditional and alternative, Jes’ music is
eclectic, yet strangely compelling. Galight Café & Music is
located at Unit 15-2, Jalan Medan Setia 1, Plaza Damansara, Bukit Damansara, Kuala Lumpur.
The Martian
The Martian, a science fiction novel
by Andy Weir in 2011 has recently
found a resurgence in popularity
as a movie based on it is scheduled
to be released in October this year,
starring Matt Damon and Jessica
Chastain. The Martian follows an
American astronaut, Mark Watney
as he becomes stranded alone on
Mars and is forced to improvise in
order to survive. The novel has been
praised for its accuracy, as Weir had
done extensive research on orbital mechanics, astronomy, and the
history of manned space flight. The
Martian is available at MPH stores
nationwide at RM37.90, or can be
purchased online at www.mphonline.com.
32
life+style
The Man From U.N.C.L.E.
BY MA E C H A N
Rating: P13
Director: Guy Ritchie
Cast: Henry Cavill, Armie Hammer, Alicia
Vikander, Elizabeth Debicki and Hugh Grant
Length: 117 minutes
Opening: Now playing
I
t’s taken quite a while, but the big
screen revival of popular 1960s TV
series, The Man From U.N.C.L.E., is
finally out, and it’s an enjoyable ride
of old-school espionage fun with an
unabashedly contemporary tinge.
British actor Henry Cavill (Man of Steel)
stars as American CIA agent Napoleon Solo,
who finds himself having to form a team with
Russian KGB spy Illya Kuryakin, played by
Armie Hammer (The Social Network, The
Lone Ranger) during the height of the Cold
War. Together they have to stop an international criminal organisation from selling
nuclear bombs to ex-Nazis bent on reviving
their agenda. At the centre of the operation
is also Gaby Teller, played by Swedish actress
Alicia Vikander (Pure, Ex Machina), whose
estranged father Dr Udo Teller was once
Hitler’s favourite rocket scientist.
The film’s director, Guy Ritchie, is joined
once again by Louis Wigram, also his co-producer and co-screenwriter in both the 2009
and 2011 Sherlock Holmes films. Ritchie took
the helm after a long line of directors, from
the likes of Quentin Tarantino to Matthew
Vaughn, David Dobkin and Steven Soderbergh dropped out of the project. Taking
almost 20 years to get made — producer
John Davis optioned the film rights in 1993
and commissioned no less than 12 scripts
— production for The Man From U.N.C.L.E.
also endured an extensive change of actors,
including Hollywood’s biggest names such
as George Clooney, who left due to a back
injury, as well as Tom Cruise, who had to
focus on Mission: Impossible — Rogue Nation, before Cavill was cast.
It is clear that Ritchie and Wigram brought
their experience and success with their re-imagined Sherlock Holmes’ genre-blurring take
on period films to The Man From U.N.C.L.E.
and its stylised 60s setting. The outcome is
a detailed tip of the hat to the era, one that
captures the essence of the cultural and
political connotations, while avoiding the
pitfall of coming across as a mere caricature
of the original series.
Contributing to that is the attractive cast
of relatively fresh faces and an original prequel story of how the U.N.C.L.E. organisation,
which stands for United Network Command
for Law and Enforcement (just like in the TV
series, the name is revealed in the credits),
came about.
The chemistry between Cavill’s suave but
self-serving Solo and Hammer’s volatile and
typically gruff Kuryakin makes for rather likeable dynamics. Added in the mix is current
it-girl, Vikander, who competently straddles
both feisty East Berlin mechanic and stylish
society girl. It may not be a performance of
incredible depth, but each personified their
characters well enough.
Referencing the tone of early Bond films
— incidentally, Ian Fleming contributed to
the concept for the TV series — as well as
hints of French and Italian films of the time,
Ritchie and Ingram paid incredible attention
to detail when it comes to style, costumes
and even music.
As for the action, Ritchie succeeds in
keeping the blockbuster element while coming across suitably lo-fi as per the period.
Though its climatic scene is a high speed
chase that might be sedate by today’s standards, Ritchie excels in making it no less an
exhilarating experience.
The Man From U.N.C.L.E.’s weakest link is
a rather unsubstantial plot that tends to drag
and dip in the middle, though it is fleshed
out as best as it could with subtle humour
and hints of self-parody throughout. But
then again, for what it lacks as a spy thriller
of depth, it makes up for the enjoyable and
stylishly re-imagined homage to the filmmaking of the 60s.
4.98
Zen TODAY
We’re born alone,
we live alone, we
die alone. Only
through our love
and friendship
can we create
the illusion for
the moment that
we’re not alone.
— Orson Welles
128.98
Markets 3 3
BURSA MAL AYSIA MAIN MARKET
Bursa Malaysia
YEAR
HIGH
Sectorial Movement
INDICES
CLOSE
+/-
%CHG
KLSE COMPOSITE
1,621.62
KLSE INDUSTRIAL
INDICES
CLOSE
+/-
%CHG
11.69
0.73
TECHNOLOGY
20.09
0.85
3,110.89
4.44
0.14
FTSE BURSA 100
10,852.20
101.43
CONSUMER PRODUCT
572.84
4.00
0.70
FTSE BURSA MID 70
11,921.05
197.66
1.69
INDUSTRIAL PRODUCT
133.39
1.32
1.00
FTSE BURSA SMALL CAP
14,568.09
327.99
2.30
CONSTRUCTION
258.38
4.26
1.68
FTSE BURSA FLEDGLING
14,768.61
256.02
1.76
TRADE & SERVICES
211.90
1.89
0.90
FTSE BURSA EMAS
11,130.14
114.12
1.04
14,549.19
215.20
1.50
FTSE BUR M’SIA ACE
5,624.16
197.03
3.63
KLSE FINANCIAL
4.42
0.94
KLSE PROPERTY
1,139.87
16.01
1.42
FTSE BUR EMAS SHARIAH
11,552.25
99.46
0.87
KLSE PLANTATION
7,062.74
-12.62
-0.18
FTSE BUR HIJRAH SHARIAH
13,099.19
41.83
0.32
486.34
Unch
Unch
FTSE/ASEAN 40
8,996.36
164.49
1.86
KLSE MINING
Bursa Malaysia Main Market
YEAR
HIGH
YEAR
LOW
DAY
HIGH
CONSUMER PRODUCTS
0.745 0.560 0.650
4.390 3.034 4.050
6.590 4.930 6.000
0.600 0.250
—
5.112 4.050 4.500
3.826 1.600 1.670
4.535 3.110 3.200
71.775 58.130 62.340
0.175 0.055 0.065
0.220 0.015
—
1.487 0.795 0.880
1.280 0.634 1.050
0.595 0.340 0.505
0.445 0.236 0.290
13.801 9.874 12.380
1.034 0.750 0.750
2.970 1.708 2.480
0.650 0.400 0.520
3.110 0.980 1.780
0.125 0.055 0.065
2.730 1.378 2.650
1.360 1.056 1.230
0.145 0.070 0.080
0.085 0.040 0.050
1.111 0.757
—
48.000 39.447 46.500
0.185 0.075 0.075
0.170 0.085
—
0.330 0.170 0.200
0.320 0.170 0.220
2.304 1.758 2.050
0.830 0.500 0.640
1.170 0.620 0.690
18.891 14.956 18.200
0.830 0.520 0.550
1.714 0.934
—
0.580 0.300 0.540
1.107 0.620
—
14.980 11.750 13.100
1.360 0.740 0.800
2.822 2.170 2.200
1.130 0.930 1.000
0.175 0.040 0.080
7.099 3.717 5.100
1.200 0.422 0.960
0.565 0.311 0.455
3.450 2.350
—
1.400 0.736 1.250
0.590 0.350 0.395
3.161 1.102 2.250
1.070 0.596 0.865
1.170 0.385 0.770
3.680 1.740 3.320
2.830 1.284 2.540
0.545 0.115 0.130
0.935 0.450 0.640
2.773 1.900 2.180
1.510 1.000
—
0.155 0.100
—
7.360 3.014 7.050
3.549 2.218
—
0.295 0.155 0.170
0.405 0.150 0.315
5.920 2.235 5.450
0.925 0.550 0.785
2.440 1.213 1.600
4.570 2.364 4.020
0.255 0.095 0.095
2.025 1.240 1.280
1.330 0.900
—
1.417 1.046 1.200
5.357 4.531 4.810
0.255 0.080 0.085
1.684 1.200 1.260
74.500 64.333 72.500
2.735 2.201 2.400
0.245 0.100 0.110
0.445 0.212 0.285
0.810 0.592 0.745
6.500 2.363 6.180
7.863 6.355 6.920
1.863 1.280 1.360
23.600 18.004 22.060
0.804 0.577
—
0.375 0.205
—
0.810 0.310 0.340
1.350 0.930 0.990
0.375 0.165 0.195
0.595 0.352 0.445
3.020 1.085 2.780
16.060 13.283 15.380
0.665 0.463 0.505
2.730 0.929 2.270
1.560 0.990 1.090
2.510 1.275 2.290
4.310 3.070 3.940
1.710 1.000 1.480
2.800 1.275 2.310
0.585 0.365 0.450
0.700 0.340 0.630
0.700 0.320 0.680
1.660 0.685 1.070
3.270 1.465 2.620
0.090 0.045 0.055
2.334 1.740 1.800
0.864 0.730 0.750
0.726 0.385 0.420
0.680 0.310
—
0.740 0.300 0.575
5.181 2.470 2.560
0.701 0.305 0.465
2.220 1.250 1.340
1.711 1.290 1.360
0.707 0.490
—
0.625 0.350 0.505
12.220 9.260 9.690
1.796 1.337 1.600
0.735 0.408
—
0.195 0.084 0.185
0.670 0.220 0.525
0.690 0.327 0.475
2.214 1.220 1.670
0.365 0.200
—
1.187 0.766 0.960
3.490 1.165 2.540
2.502 1.520 1.600
INDUSTRIAL PRODUCTS
1.260 0.717 1.020
0.210 0.110 0.120
0.640 0.324 0.525
0.680 0.240 0.300
1.120 0.760 0.950
2.520 1.772
—
0.241 0.115 0.125
* Volume Weighted Average Price
DAY
LOW
0.630
3.990
6.000
—
4.480
1.670
3.110
61.920
0.060
—
0.860
0.990
0.500
0.280
11.700
0.750
2.290
0.520
1.690
0.065
2.520
1.210
0.075
0.045
—
45.900
0.075
—
0.195
0.215
1.870
0.605
0.690
18.000
0.520
—
0.460
—
12.800
0.785
2.170
1.000
0.070
4.880
0.910
0.420
—
1.180
0.350
2.250
0.820
0.715
3.110
2.420
0.125
0.600
2.180
—
—
6.800
—
0.160
0.290
5.150
0.770
1.520
3.850
0.095
1.250
—
1.200
4.810
0.080
1.230
71.920
2.400
0.110
0.270
0.680
5.880
6.790
1.320
21.540
—
—
0.310
0.960
0.185
0.435
2.650
15.040
0.505
2.140
1.090
2.010
3.820
1.390
2.290
0.420
0.600
0.640
1.070
2.500
0.050
1.790
0.750
0.390
—
0.545
2.470
0.405
1.260
1.360
—
0.460
9.260
1.600
—
0.175
0.505
0.450
1.550
—
0.905
2.380
1.520
0.990
0.115
0.510
0.300
0.930
—
0.115
CODE
7120
7090
2658
7051
6432
7722
7129
4162
7243
7193
9288
7174
7154
7128
2836
7035
7148
9423
2828
5188
7205
7202
5214
7179
7119
3026
7198
7182
5091
9091
7149
7208
7094
3689
9776
2755
8605
9172
3255
5102
5606
5606PA
A
5187
3301
5160
7213
7141
5024
8478
5107
7152
8931
5247
7216
8303
6203
7062
0002
5172
7006
9385
7943
8079
7089
7126
7085
7087
5189
3662
7935
5886
5202
5150
3921
4707
7060
7139
7215
5066
7107
4006
7052
3719
5022
9407
6068
5231
4081
5080
7088
4065
7190
8966
7134
7237
7084
9946
5252
5157
7180
7165
7412
7246
8532
7103
7186
7082
7211
7071
4405
7200
7252
9369
7230
7176
4588
7757
7203
5156
7121
5155
5584
7184
5159
7178
5131
0012
7086
7061
7131
7191
9148
7146
COUNTER
ACOSTEC
AHEALTH
AJI
AMTEK
APOLLO
ASIABRN
ASIAFLE
BAT
BIOOSMO
BIOSIS
BONIA
CAB
CAELY
CAMRES
CARLSBG
CCK
CCMDBIO
CHEEWAH
CIHLDG
CNOUHUA
COCOLND
CSCENIC
CSL
DBE
DEGEM
DLADY
DPS
EKA
EKOWOOD
EMICO
ENGKAH
EURO
EUROSP
F&N
FARMBES
FCW
FFHB
FPI
GAB
GCB
GOLDIS
GOLDIS-PA
GOLDIS
PA
HBGLOB
HLIND
HOMERIZ
HOVID
HUATLAI
HUPSENG
HWATAI
IQGROUP
Q
JAYCORP
JERASIA
KAREX
KAWAN
KFM
KHEESAN
KHIND
KOTRA
KSTAR
LATITUD
LAYHONG
LCHEONG
LEESK
LIIHEN
LONBISC
LTKM
MAGNI
MAXWELL
MFLOUR
MILUX
MINTYE
MSM
MSPORTS
MWE
NESTLE
NHFATT
NICE
NIHSIN
NTPM
OFI
ORIENT
PADINI
PANAMY
PAOS
PARAGON
PCCS
PELIKAN
PMCORP
POHKONG
POHUAT
PPB
PPG
PRLEXUS
PW
PWROOT
Q
QL
REX
SASBADI
SAUDEE
SERNKOU
SGB
SHH
SIGN
SINOTOP
SPRITZER
SWSCAP
SYF
TAFI
TAKASO
TCHONG
TEKSENG
TEOSENG
TGL
TOMEI
TPC
UMW
UPA
WANGZNG
XDL
XIANLNG
XINQUAN
Q
YEELEE
YEN
YOCB
YSPSAH
ZHULIAN
3A
ABLEGRP
ABRIC
ACME
ADVENTA
ADVPKG
AEM
CLOSING
(RM)
0.645
4.050
6.000
0.360
4.480
1.670
3.120
62.200
0.065
0.020
0.880
1.050
0.505
0.290
12.380
0.750
2.370
0.520
1.780
0.065
2.650
1.220
0.080
0.050
0.875
46.500
0.075
0.150
0.200
0.220
2.050
0.640
0.690
18.000
0.520
1.100
0.540
0.620
13.100
0.800
2.190
1.000
0.070
5.000
0.960
0.455
3.250
1.250
0.395
2.250
0.855
0.770
3.300
2.540
0.130
0.635
2.180
1.010
0.100
7.050
3.140
0.170
0.310
5.440
0.785
1.600
4.020
0.095
1.280
0.910
1.200
4.810
0.085
1.260
72.280
2.400
0.110
0.275
0.745
6.180
6.800
1.360
22.000
0.670
0.210
0.340
0.975
0.185
0.440
2.780
15.120
0.505
2.260
1.090
2.220
3.940
1.480
2.300
0.430
0.615
0.680
1.070
2.560
0.055
1.800
0.750
0.415
0.360
0.550
2.560
0.465
1.330
1.360
0.490
0.505
9.530
1.600
0.440
0.180
0.525
0.475
1.600
0.230
0.940
2.520
1.590
1.010
0.120
0.515
0.300
0.950
2.080
0.115
+/–
(RM)
VOL
(‘000)
0.015
102
0.050
58.6
0.010
3.5
—
—
0.040
15.2
0.070
0.9
UNCH
74.8
0.100
242.9
0.005
178.8
—
—
0.025
91.3
0.065
300.3
0.005
144.5
0.015
581
0.440 1002.7
-0.065
0.065
15
0.080
416.1
0.010
7
0.080
78.4
UNCH
46
0.130
316.5
0.010
51.5
0.010 2705.5
UNCH
423
—
—
0.500
4.7
-0.005
0.005
494
—
—
0.005
45
0.005 1399.1
0.050
10.6
0.015
524.2
-0.010
0.010
2.1
-0.100
0.100
84.7
-0.040
0.040
30
—
—
0.070
10
—
—
0.020
143.1
0.005
24
-0.010
0.010
13
UNCH
20.4
UNCH
363
0.120
357.6
0.060
2166
0.040 10377.3
—
—
0.060 1448.9
0.015
17.6
UNCH
318.5
-0.025
0.025
668.3
0.055
531.6
0.210
934.2
0.130
57.9
0.005
125
0.030 1979.6
0.080
4
—
—
—
—
0.200
62.4
—
—
0.005
269.3
0.025 5578.5
0.290
165.4
0.015
233
0.010
93.8
0.180
191.4
-0.005
0.005
10
0.040
76.9
—
—
0.040
6
-0.040
0.040
0.8
0.005
390
UNCH
3
0.360
6.5
0.020
10
-0.010
0.010
10
0.010 3035.6
0.045
144.5
0.150
5.1
UNCH
114.3
0.050
317.2
UNCH
13.1
—
—
—
—
UNCH
57
-0.015
0.015
57.2
UNCH
538.8
0.005
188.2
0.100
934.9
UNCH
765.5
UNCH
40
0.160
1080
0.060
0.5
0.100
401.3
0.060 3923.8
0.100
10.1
-0.020
0.020
396.7
0.010
407
-0.020
0.020
274.2
0.040
323.1
0.040
2
0.070 2051.1
UNCH
706.4
UNCH
156.8
0.020
7.2
0.025 6079.7
—
—
-0.020
0.020 15938.9
0.030
2.2
0.030
69.9
0.050
733.4
UNCH
5
—
—
0.060
52
-0.010
0.010 2116.7
UNCH
3
—
—
0.005 27539.3
0.020
80
0.005
539.4
0.030
335.1
—
—
0.025
351.4
0.160
617.4
0.030
130.5
0.010
UNCH
0.005
0.005
0.020
—
-0.005
0.005
1523
125
319.6
30
45.2
—
39
# PE is calculated based on latest 12 months reported Earnings Per Share
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.560
—
0.000 14.43
4.604 12.27
—
—
5.640 14.17
4.033 82.27
4.239 11.76
62.855 20.03
0.176
—
—
—
3.399 17.09
0.575 23.13
0.433 10.68
0.000
7.73
12.303 18.33
0.000 14.85
2.599 12.40
0.000 16.20
0.000 62.46
0.080
—
2.192 17.14
1.110 13.97
0.199
—
0.070
—
—
5.82
48.592 28.67
0.095 21.43
—
—
0.245
—
1.000 11.70
2.594 27.44
0.340 24.71
0.000
—
18.260 23.04
0.584
—
— 75.86
0.265 22.04
— 38.75
16.231 18.23
1.388
—
1.980 10.72
0.000
—
0.166
—
5.229
8.90
0.567 13.03
0.340 16.49
—
7.57
6.066 23.90
0.390
—
0.544
9.16
0.585 14.82
0.000
6.30
3.250 36.67
1.280 20.68
0.335
—
0.503
9.65
2.877
8.49
— 34.95
—
—
1.553
9.48
—
8.48
0.000
—
0.000 10.69
1.650 10.61
0.696
9.13
2.636
6.81
2.282
8.37
0.292
2.77
1.465 13.78
—
—
1.388 22.02
5.000 11.79
0.174
1.47
1.714 16.76
68.567 30.55
2.915 13.02
0.135 15.28
0.156 83.33
0.704 19.61
2.311 17.24
8.629 13.30
1.769 11.83
22.684 13.47
— 81.71
—
—
0.470
—
0.606
—
0.258 264.29
0.464
8.22
0.837 10.74
14.816 17.77
0.570 13.36
1.000 11.31
0.711
7.06
1.828 16.67
4.165 25.85
0.000 164.44
0.000 20.23
0.229
—
0.200 27.70
0.000
3.36
0.000 11.78
1.371
7.21
0.066 50.00
1.802 10.88
0.256 38.46
0.000 11.19
— 73.47
0.268
—
6.522 18.40
0.000
8.42
0.600
7.98
1.593 11.70
— 27.22
0.369
8.17
12.391 19.14
1.330
7.78
—
8.21
0.329
8.74
0.230 52.50
0.830
1.04
1.310 11.39
—
—
0.871
8.06
1.336 16.45
4.939 16.14
—
2.35
3.08
—
5.58
0.30
4.63
5.02
—
—
1.42
—
1.98
—
5.74
2.67
5.78
—
—
—
2.83
6.56
—
—
1.71
2.15
—
—
—
—
3.17
—
—
3.06
—
4.55
—
4.84
4.92
—
0.91
—
—
5.80
4.41
2.20
—
2.40
—
3.56
4.09
—
0.51
0.79
—
—
4.59
—
—
1.21
—
—
—
3.13
—
3.64
1.99
—
4.30
—
2.50
4.99
—
1.06
3.32
4.17
—
1.82
2.93
2.10
1.76
7.35
2.27
3.73
—
—
—
—
2.27
3.42
1.52
3.96
1.22
7.34
3.15
1.08
—
1.30
—
—
—
1.87
1.56
—
2.22
1.33
—
—
—
2.34
2.15
2.50
5.51
2.04
—
4.30
5.00
5.68
—
—
4.21
1.88
—
4.26
2.58
4.40
114.7
474.4
364.8
18.0
358.4
132.1
595.2
17,760.0
,
32.4
2.1
709.5
158.2
40.4
56.3
3,814.0
,
118.3
661.1
21.9
288.4
43.4
454.7
147.0
99.4
33.7
117.3
2,976.0
,
44.1
46.8
33.6
21.1
145.1
51.8
30.7
6,598.8
,
31.8
275.0
44.7
153.4
3,957.5
,
382.8
1,337.0
,
455.7
32.8
1,639.5
,
288.0
356.3
281.4
1,000.0
,
29.6
197.5
117.3
63.2
2,205.2
,
514.1
8.9
56.6
87.3
133.6
26.6
685.3
161.5
11.2
52.0
326.4
146.4
208.2
436.1
38.0
688.9
49.5
73.0
3,381.3
,
44.0
291.8
16,949.7
,
180.4
29.6
65.1
836.8
370.8
4,218.7
,
894.8
1,336.4
,
80.9
14.7
20.4
539.5
143.1
180.6
315.2
17,924.8
,
50.5
261.8
82.4
674.1
4,917.2
,
83.0
292.1
38.7
73.8
71.1
53.5
307.2
108.6
255.1
94.9
253.7
28.8
112.4
1,720.3
,
116.5
399.0
55.4
67.9
40.4
11,133.8
,
127.3
70.4
242.6
38.2
160.6
292.7
28.8
150.4
338.9
731.4
1.39
—
—
—
—
4.81
—
397.5
31.7
72.4
65.5
145.1
42.6
21.0
0.893
0.142
0.280
0.430
1.061
—
0.210
21.96
26.67
—
7.94
34.67
18.64
—
YEAR
LOW
DAY
HIGH
DAY
LOW
0.570 0.335 0.400
0.360
0.400 0.270 0.340
0.330
2.820 1.928 2.580
2.440
1.260 0.200 0.390
0.310
1.191 0.572 0.700
0.655
0.650 0.360 0.380
0.360
1.406 0.820 0.850
0.825
1.498 0.942
—
—
5.978 4.020 4.150
4.020
0.725 0.440 0.450
0.450
0.912 0.614 0.640
0.635
0.215 0.115 0.120
0.115
0.945 0.480
—
—
2.600 1.710
—
—
0.935 0.320 0.325
0.320
0.155 0.105 0.110
0.110
1.790 1.150 1.270
1.230
2.500 2.000
—
—
1.120 0.691 1.020
0.920
0.670 0.350 0.410
0.395
0.315 0.180 0.220
0.200
0.455 0.115 0.285
0.250
2.893 1.902 2.170
2.150
0.550 0.210 0.290
0.265
2.486 1.690 1.760
1.700
1.226 0.846 0.910
0.900
1.800 1.170 1.570
1.530
1.860 1.430
—
—
1.600 1.140
—
—
1.740 1.352 1.530
1.460
1.813 1.446
—
—
1.230 0.738
—
—
0.115 0.055 0.075
0.070
6.000 3.256 5.310
5.090
1.360 0.200
—
—
5.220 1.920 2.040
1.920
0.405 0.150 0.270
0.245
0.945 0.600 0.775
0.760
1.155 0.912 1.000
0.990
0.790 0.491 0.715
0.690
0.470 0.275 0.275
0.275
4.595 4.017 4.260
4.240
0.475 0.180 0.320
0.295
0.575 0.265 0.430
0.400
0.420 0.260 0.300
0.300
0.430 0.340
—
—
0.920 0.685 0.745
0.730
1.920 1.134 1.700
1.650
2.267 1.320 1.370
1.320
0.450 0.220 0.285
0.285
0.880 0.455 0.605
0.575
1.260
1.610 1.200 1.300
0.400 0.210 0.210
0.210
0.932 0.689 0.715
0.700
2.070 0.475 1.820
1.650
1.083 0.427 0.720
0.645
1.460 0.960 1.000
0.990
3.530 2.300 2.650
2.610
0.605 0.360 0.390
0.390
3.004 2.140 2.280
2.230
1.681 0.976 1.470
1.420
2.340 1.243
—
—
1.070 0.455 0.830
0.810
0.140 0.055 0.060
0.055
0.655 0.260 0.340
0.300
0.171 0.064 0.090
0.090
1.050 0.355 0.370
0.365
0.475 0.190 0.215
0.195
0.145 0.085 0.090
0.085
1.603 0.945 0.980
0.945
0.905 0.415 0.450
0.435
9.050 6.482 8.180
7.920
0.270 0.170 0.200
0.175
3.860 2.650 3.390
3.300
1.170 0.356 0.930
0.870
0.955 0.625 0.805
0.780
0.812 0.290 0.310
0.290
1.580 0.650 0.805
0.790
1.360 0.755
—
—
1.040 0.580 0.630
0.600
0.440 0.310
—
—
0.165 0.060 0.065
0.060
5.307 2.986 3.670
3.550
0.210 0.075 0.085
0.080
1.150 0.760 0.835
0.760
1.950 1.162 1.640
1.500
0.595 0.270 0.295
0.275
0.130 0.010
—
—
0.146 0.055 0.060
0.055
0.285 0.135 0.160
0.150
0.535 0.190 0.220
0.220
1.280 0.924 1.120
1.120
1.694 1.266 1.390
1.370
2.296 1.170 1.210
1.190
0.340 0.175 0.180
0.175
0.577 0.360 0.400
0.370
0.710 0.430
—
—
3.220 2.730 3.030
2.970
2.260 1.031 1.900
1.680
0.305 0.120 0.150
0.140
2.388 1.174 1.500
1.430
1.066 0.379 0.550
0.530
1.260 0.902
—
—
0.660 0.355 0.430
0.415
7.500 3.896 6.900
6.450
0.600 0.250 0.445
0.435
6.393 4.880 5.000
4.880
0.779 0.394 0.400
0.400
0.850 0.450
—
—
10.707 8.380 9.140
8.870
0.875 0.440 0.480
0.450
0.705 0.215 0.650
0.595
0.620 0.463 0.535
0.520
0.275 0.125 0.145
0.125
0.085 0.030 0.035
0.035
0.157 0.077 0.090
0.085
0.785 0.235 0.245
0.235
0.360 0.180 0.180
0.180
0.135 0.070 0.085
0.075
4.422 2.648 3.540
3.500
1.094 0.370 0.395
0.380
0.884 0.650 0.740
0.740
0.500 0.320
—
—
0.910 0.702 0.760
0.740
0.550 0.190 0.245
0.245
1.100 0.640
—
—
1.560 1.200
—
—
1.060 0.105
—
—
2.050 1.640
—
—
1.220 0.355 0.810
0.740
0.175 0.060 0.065
0.065
1.920 0.700 1.460
1.400
0.700 0.300 0.450
0.410
3.370 2.350
—
—
2.354 1.070 1.150
1.070
1.674 0.900
—
—
0.485 0.240
—
—
1.160 0.120
—
—
0.160 0.100
—
—
0.705 0.500 0.520
0.510
0.180 0.045
—
—
1.080 0.515 0.780
0.740
1.404 0.848 1.020
1.010
0.145 0.055 0.060
0.060
6.640 4.582 6.040
5.950
0.609 0.375 0.490
0.455
4.674 3.448 4.220
4.140
0.330 0.045 0.180
0.175
23.828 20.328 21.520 21.200
3.230 2.300 2.990
2.840
7.030 5.007 6.180
6.130
1.871 0.850 0.895
0.855
1.830
3.624 1.810 1.910
1.090 0.900
—
—
0.510 0.335
—
—
1.000 0.535 0.730
0.720
0.380 0.290 0.330
0.330
0.674 0.400 0.540
0.540
0.905 0.555 0.590
0.570
0.285 0.140 0.150
0.140
1.800 1.130 1.600
1.470
0.790 0.610
—
—
6.200 4.960
—
—
0.370 0.240 0.285
0.285
0.850 0.548 0.705
0.670
CODE
5198
2682
7609
9954
2674
4758
6556
5568
5015
7214
7162
7070
7181
8133
7005
7187
0168
6297
5100
9938
7221
7188
5105
5229
7076
2879
7171
8435
8044
5007
5797
8052
7018
2852
7986
5071
7195
2127
5094
7157
5082
8125
8176
7114
5835
5835PA
5265
7169
1619
7233
8907
9016
7217
7773
5101
7249
2984
7229
0149
3107
5197
3611
7197
5220
7192
7096
5649
0136
7077
3247
5151
5168
9342
7105
5095
3298
5072
5199
7033
8443
5165
2739
5000
9601
9687
7222
7183
7220
7223
8648
2747
7043
7167
4383
0054
7199
6211
3522
5371
5060
9466
7164
6971
7017
7153
7130
3476
5192
8362
3794
9326
5092
5232
8745
3581
2887
4235
9881
5068
9199
5098
7029
8095
5152
3778
5223
8192
7059
6149
5001
7219
5576
7595
5916
3883
7004
5087
7002
5025
4944
7109
7140
5065
7225
5183
9997
5436
5146
6033
3042
7095
7172
8869
6637
8117
8273
9458
9873
7168
7123
7544
7498
7765
7232
7803
COUNTER
AFUJIYA
AISB
AJIYA
AKNIGHT
ALCOM
ANCOM
ANNJOO
APB
APM
ARANK
ASTINO
ASUPREM
ATURMJU
BHIC
BIG
BKOON
BOILERM
BOXPAK
BPPLAS
BRIGHT
BSLCORP
BTM
CANONE
CAP
CBIP
CCM
CENBOND
CEPCO
CFM
CHINWEL
CHOOBEE
CICB
CME
CMSB
CNASIA
COASTAL
COMCORP
COMFORT
CSCSTEL
CYL
CYMAO
DAIBOCI
DENKO
DNONCE
DOLMITE
DOLMITE-PA
DOLPHIN
DOMINAN
DRBHCOM
DUFU
EG
EKSONS
EMETALL
EPMB
EVERGRN
EWEIN
FACBIND
FAVCO
FIBON
FIMACOR
FLBHD
GBH
GESHEN
GLOTEC
GOODWAY
GPA
GPHAROS
GREENYB
GSB
GUH
HALEX
HARTA
HARVEST
HCK
HEVEA
HEXZA
HIAPTEK
HIBISCS
HIGHTEC
HIL
HOKHENG
HUAAN
HUMEIND
HWGB
IDEALUBB
IMASPRO
IRETEX
IRMGRP
JADI
JASKITA
JAVA
JMR
JOHOTIN
JTIASA
KARYON
KEINHIN
KIALIM
KIANJOO
KIMHIN
KINSTEL
KKB
KNM
KOBAY
KOMARK
KOSSAN
KPOWER
KSENG
KSSC
KYM
LAFMSIA
LBALUM
LCTH
LEONFB
LEWEKO
LIONCOR
LIONDIV
LIONIND
LSTEEL
LUSTER
LYSAGHT
MASTEEL
MASTER
MAYPAK
MBL
MELEWAR
MENTIGA
MERCURY
METALR
METROD
MIECO
MINETEC
MINHO
MLGLOBAL
MSC
MUDA
MULTICO
MYCRON
NAKA
NWP
NYLEX
OCTAGON
OKA
ORNA
PA
PCHEM
PENSONI
PERSTIM
PERWAJA
PETGAS
PETRONM
PIE
PMBTECH
PMETAL
PNEPCB
POLY
PPHB
PREMIER
PRESTAR
PRG
PWORTH
QUALITY
RALCO
RAPID
RESINTC
RUBEREX
CLOSING
(RM)
0.400
0.340
2.580
0.390
0.700
0.375
0.840
1.200
4.150
0.450
0.635
0.120
0.600
1.770
0.325
0.110
1.240
2.460
1.000
0.400
0.200
0.285
2.150
0.285
1.760
0.910
1.560
1.520
1.300
1.500
1.680
1.050
0.075
5.250
0.340
1.950
0.265
0.765
0.995
0.715
0.275
4.250
0.315
0.430
0.300
0.430
0.740
1.700
1.360
0.285
0.605
1.300
0.210
0.715
1.800
0.715
1.000
2.640
0.390
2.270
1.460
1.420
0.820
0.055
0.340
0.090
0.365
0.210
0.090
0.950
0.450
8.120
0.195
3.300
0.925
0.795
0.295
0.805
0.950
0.630
0.380
0.065
3.600
0.080
0.815
1.590
0.295
0.015
0.060
0.160
0.220
1.120
1.390
1.210
0.180
0.375
0.495
3.000
1.870
0.145
1.460
0.535
1.090
0.425
6.800
0.445
4.910
0.400
0.500
9.100
0.480
0.640
0.535
0.145
0.035
0.090
0.245
0.180
0.075
3.540
0.390
0.740
0.360
0.760
0.245
0.650
1.200
0.500
1.820
0.800
0.065
1.460
0.450
2.350
1.070
0.930
0.300
0.125
0.120
0.510
0.070
0.770
1.010
0.060
5.980
0.475
4.170
0.180
21.420
2.980
6.130
0.890
1.890
1.080
0.400
0.730
0.330
0.540
0.590
0.150
1.470
0.700
6.180
0.285
0.700
+/–
(RM)
VOL
(‘000)
0.065
10.9
0.025
33.3
0.120
13
UNCH
2.6
0.050
12
-0.005
262.4
0.015
44.5
—
—
0.050
8.2
0.010
10
UNCH
95.5
UNCH
1995
—
—
—
—
-0.045
13.5
0.005
70.9
UNCH
323.4
—
—
0.090
356
UNCH
135
-0.020
130.1
0.020 3973.1
UNCH
277.2
0.015 12555.8
0.070
267.2
0.010
98.8
UNCH
300.3
—
—
—
—
-0.070
558.3
—
—
—
—
0.005
355
0.160 1505.5
—
—
-0.060 4161.5
0.010 1274.2
0.005
416.5
0.005
109.2
0.015
133
-0.005
10
0.010
26
0.020 2240.7
0.030
336
-0.020
50
—
—
0.010 1144.8
0.010
170.2
0.020
390.1
0.010
35.6
0.025
170.8
0.040
37.9
UNCH
14
0.015
92.2
0.170 7552.3
0.105
795.7
0.010
67
0.030
43.8
0.010
1
0.040
39.9
0.040
307.8
—
—
-0.005 1073.8
UNCH 3748.6
0.035
28.1
UNCH
716
-0.005
78
0.010 2170.5
0.005
593.4
UNCH
42
0.015
614
0.220 4243.4
0.015
2504
UNCH
10
0.070 9417.7
0.010
157.3
-0.015
532.2
0.010
2544
—
—
0.020
39.5
—
—
0.005
370.4
0.040
142.7
UNCH 1040.4
0.055
22
0.110
147
0.010
297.9
—
—
UNCH
154
0.005
150
0.010
1
UNCH
3
0.010
89.4
0.030
153.2
0.005
222.9
-0.040
73.2
—
—
-0.020
91.6
0.160
303.6
0.005 1121.5
0.020 1614.6
0.005 14607.1
—
—
0.010
38
0.310 2381.8
0.005
30
UNCH
101.5
-0.020
10
—
—
UNCH 1003.2
0.030
224.4
0.050 10242.2
0.015
138.7
0.005 1618.6
-0.005
118.5
0.005
333
0.005
189
-0.040
11.9
UNCH
14422
0.040
41
0.020
612
0.040
0.3
—
—
UNCH
128
UNCH
2
—
—
—
—
—
—
—
—
0.065 9385.6
UNCH
377
0.080 2150.9
0.050
366.6
—
—
-0.010
325.3
—
—
—
—
—
—
—
—
UNCH
16.8
—
—
0.030
303.2
0.010
48
0.005
499.1
UNCH 5337.8
0.020
602.3
0.030
33.7
UNCH 3384.9
-0.060 1312.9
0.020
335.7
-0.020
101.2
-0.010
13.4
0.040 3656.1
—
—
—
—
UNCH
26
UNCH
80
0.060
0.1
0.010
151.5
0.005
3800
0.010
2
—
—
—
—
0.010
98.5
0.040
588.8
VWAP*
(RM)
PE#
(X)
DY
(%)
0.575 24.69
0.000
—
2.206 10.02
1.195
—
1.000
—
0.373
—
1.137 25.93
— 13.33
5.870
8.94
0.502
5.78
1.193
8.64
0.185 66.67
—
—
— 18.71
0.360
—
0.155
—
2.483 17.87
— 14.95
0.647 17.64
1.342
—
0.000
—
0.210
—
3.629
4.79
0.370
2.34
3.176 10.39
1.051
—
1.631 12.52
—
—
— 866.67
1.354
9.40
— 13.98
—
—
0.060 12.50
5.900 22.73
—
—
3.192
5.05
0.000 29.12
0.414 40.05
1.299
—
0.000 12.35
0.371
—
4.042 20.70
0.300 10.64
0.000
3.10
0.364 10.68
—
—
0.000 60.16
0.951 10.42
2.568
8.76
0.195
6.90
0.336
2.49
1.267
3.80
0.300
—
0.000
6.32
0.474 40.54
1.002 43.60
1.273 23.31
3.009
5.83
0.601 10.18
6.469
7.84
1.001
9.87
—
4.41
0.240
8.89
0.055
—
0.000
—
0.085
—
0.345
—
0.239 18.92
0.090
—
1.002 13.42
0.000 17.58
7.383 29.71
0.219
—
1.809 16.65
0.911
9.40
0.672 11.42
0.719 92.19
2.033
—
—
5.36
0.000
8.37
— 28.57
0.142
—
1.233 67.16
0.211
—
1.000
—
0.000 12.68
1.655
—
—
—
0.000
—
0.150 14.29
0.000
—
0.797 160.00
1.762 10.91
2.390 46.36
0.359 12.00
0.360
9.77
—
4.17
3.204 10.30
1.250
8.45
0.155
—
2.679
8.76
0.430 13.54
— 10.18
0.605
—
3.703 28.19
0.286
—
7.467 13.44
0.000
7.87
—
—
9.834 30.15
0.530
9.04
0.221 14.78
0.474
5.54
0.175
—
0.095
—
0.205
—
0.761
—
0.290
—
0.091
—
0.000
9.86
1.078
—
0.558
8.63
—
—
1.019 16.56
0.231
0.40
—
8.90
—
9.68
—
—
— 33.33
0.335
6.92
0.165 54.17
0.000
9.60
0.000
2.40
—
—
0.911 15.71
— 24.67
—
—
—
—
—
—
0.530 13.32
—
—
0.912
7.84
0.747
8.02
0.145
—
6.740 20.44
0.558
3.50
3.869
8.96
0.127
—
23.904 18.77
3.040
—
6.873 12.02
0.670
9.90
2.358
8.94
—
—
— 13.38
1.000
6.30
0.368 126.92
0.492
7.84
0.000 36.42
0.236 25.42
0.000
—
— 22.01
— 53.18
0.280
6.67
0.766 15.84
—
—
0.78
—
7.14
2.67
3.57
5.42
4.70
5.00
4.58
—
—
—
—
—
1.41
—
6.00
—
—
—
2.33
—
3.41
2.75
3.21
—
—
3.22
3.57
1.67
—
1.62
—
3.69
—
—
3.02
6.99
—
3.18
—
—
—
—
—
2.94
4.41
—
—
—
—
5.59
—
0.70
2.80
4.55
2.82
4.41
6.16
10.56
—
—
—
—
—
5.24
—
5.26
—
1.60
—
—
1.08
5.03
2.03
—
3.68
2.38
—
—
0.83
—
—
2.20
—
—
—
1.88
—
2.68
2.52
1.24
2.22
2.67
—
—
3.21
—
2.74
—
2.75
—
1.18
—
2.04
5.00
—
3.63
4.17
—
5.61
—
—
—
—
—
—
—
1.67
3.38
—
3.95
—
—
6.67
—
3.30
—
—
—
—
—
2.80
8.60
—
—
—
5.88
—
3.90
2.48
—
2.68
3.16
8.39
—
2.01
—
1.96
4.49
5.56
—
—
—
—
3.70
1.69
—
—
—
—
—
2.14
MKT CAP
(MIL)
72.0
44.8
178.6
22.7
94.0
82.1
439.1
135.5
836.6
54.0
174.1
35.0
36.7
439.8
15.6
30.4
639.8
147.7
187.7
65.7
19.6
35.4
413.1
174.2
947.3
416.4
187.2
68.1
53.3
449.3
184.6
48.1
33.1
5,640.5
15.4
1,036.6
37.1
338.6
378.1
71.5
20.6
483.9
32.9
19.4
79.1
5.3
164.3
233.8
2,629.2
50.0
46.7
213.5
35.9
118.7
923.4
150.8
85.2
576.2
38.2
556.7
150.7
265.0
65.6
296.0
37.6
88.2
49.1
70.1
39.6
264.0
47.7
6,661.9
54.8
183.0
387.2
159.3
211.9
789.5
38.6
175.6
30.4
73.0
1,724.7
48.1
57.2
127.2
39.0
2.0
56.5
71.9
38.1
142.0
129.7
1,178.2
85.6
37.1
30.7
1,332.5
291.0
152.2
376.4
1,049.8
74.2
53.0
4,348.4
25.1
1,774.9
38.4
74.9
7,732.2
119.3
230.4
165.9
58.4
46.1
125.3
175.9
23.0
129.9
147.2
95.4
40.4
15.1
69.9
55.6
45.5
48.2
23.9
218.4
168.0
43.2
160.4
40.3
235.0
326.4
41.3
85.1
6.9
38.4
99.1
11.9
119.9
76.0
56.8
47,840.0
61.6
414.1
100.8
42,384.4
804.6
470.8
71.2
2,454.1
71.0
64.0
80.2
111.2
98.3
85.6
72.4
85.2
29.4
540.3
39.1
160.5
34 Markets
FR I
BURSA MAL AYSIA MAIN MARKET
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
5.324 3.620 3.800
3.760
5.750 2.170 4.860
4.490
1.444 0.850 0.875
0.875
1.553 1.223 1.330
1.300
3.900 1.486 3.650
3.500
1.230 0.600
—
—
7.620 5.738 7.130
6.870
1.050 0.280 0.340
0.310
0.455 0.250 0.265
0.260
1.385 0.550 0.600
0.570
0.598 0.275 0.285
0.275
0.810 0.400
—
—
6.180 4.400 4.980
4.860
0.692 0.411
—
—
0.850 0.440
—
—
1.580 0.560 1.350
1.280
1.630 0.484 1.400
1.240
0.876 0.581 0.820
0.700
1.005 0.540 0.600
0.600
1.693 0.810 0.810
0.810
0.674 0.220 0.255
0.235
2.602 1.610 1.690
1.690
1.979 1.300
—
—
3.800 1.180 3.800
3.780
1.680 0.521 1.450
1.420
2.670 1.539 2.180
2.080
3.905 3.115 3.480
3.400
0.490 0.260 0.280
0.260
1.380 0.450 0.500
0.460
16.300 13.951 16.000 15.720
16.140 13.543
—
—
0.310 0.130
—
—
0.540 0.240
—
—
1.500 0.720 0.750
0.750
0.955 0.710
—
—
0.520 0.255 0.275
0.260
2.390 1.650 1.750
1.680
2.201 1.670 1.680
1.670
0.920 0.680
—
—
1.868 1.158 1.690
1.620
2.311 1.827
—
—
8.160 4.078 7.700
7.210
0.773 0.530
—
—
0.250 0.145 0.155
0.155
1.696 1.208 1.520
1.440
4.438 1.370 3.710
3.600
0.971 0.641 0.820
0.820
0.945 0.455
—
—
6.500 1.884 5.400
5.180
1.901 1.145 1.260
1.240
0.530 0.260
—
—
1.460
2.054 1.200 1.500
2.290 1.337 2.050
1.960
0.700 0.470 0.570
0.525
0.650 0.420 0.495
0.420
2.460 1.880 2.300
2.180
1.393 0.932 1.000
0.980
2.640 1.310 1.380
1.320
1.363 0.850 0.880
0.860
0.410 0.170
—
—
0.910 0.570 0.650
0.570
1.800 1.110
—
—
CONSTRUCTION
0.640 0.330
—
—
0.786 0.558 0.590
0.560
1.543 0.660 0.675
0.660
1.060 0.530 0.595
0.580
0.698 0.430 0.440
0.440
1.294 0.930 0.945
0.930
1.554 0.970 1.010
0.980
1.879 1.475
—
—
1.184 0.702 0.860
0.810
1.386 0.935 0.980
0.935
0.579 0.343 0.390
0.380
1.807 0.876 1.410
1.400
1.844 1.180 1.380
1.340
5.293 4.290 4.390
4.300
1.863 0.875 0.940
0.890
1.560 0.900 0.940
0.910
1.478 1.114
—
—
1.508 1.180
—
—
1.959 1.603 1.720
1.710
7.381 6.033 6.360
6.180
0.905 0.540 0.610
0.590
1.020 0.375 0.855
0.820
0.580 0.330 0.350
0.330
1.220 0.890 0.900
0.900
1.554 1.070 1.180
1.070
1.500 1.060
—
—
1.455 0.910 1.000
0.910
0.550 0.305 0.355
0.355
2.080 0.790 1.840
1.730
0.455 0.250 0.290
0.260
2.510 0.940 0.960
0.940
3.270 1.510 1.970
1.880
1.009 0.490 0.500
0.490
1.695 1.400
—
—
2.043 1.219 1.630
1.590
0.266 0.125 0.145
0.140
4.685 3.072 3.510
3.380
1.050 0.477 0.840
0.800
1.320 1.140 1.180
1.150
0.530 0.300 0.395
0.380
0.535 0.290 0.345
0.295
1.500 0.930
—
—
1.110 0.710 0.790
0.710
2.173 1.180 1.240
1.210
1.100 0.620
—
—
0.460 0.235 0.280
0.265
TRADING SERVICES
0.722 0.185 0.195
0.190
0.781 0.306 0.440
0.425
3.989 2.600 2.850
2.780
0.270 0.120 0.190
0.175
2.900 1.180 1.240
1.180
7.395 4.780 4.990
4.850
1.500 0.410 0.430
0.410
0.105 0.020 0.025
0.020
11.655 9.685 10.400 10.360
1.997 1.580
—
—
0.240 0.090 0.235
0.225
2.056 0.950 0.995
0.960
0.245 0.125 0.130
0.125
3.394 2.730 3.020
2.900
4.896 4.227
—
—
0.495 0.270 0.360
0.340
7.132 5.850 6.010
5.850
0.341 0.210 0.250
0.215
1.566 0.705 0.920
0.855
0.829 0.516 0.565
0.560
0.450 0.193 0.305
0.280
7.140 6.403 6.800
6.800
2.927 2.300 2.410
2.300
0.591 0.355 0.370
0.360
3.218 2.150 2.240
2.200
0.869 0.660 0.685
0.675
0.615 0.330 0.420
0.420
3.603 3.010 3.150
3.090
0.990 0.525 0.580
0.555
1.690 0.740 0.795
0.740
4.968 3.950 4.300
4.100
1.207 0.750 0.830
0.750
1.853 1.000 1.150
1.110
3.640 1.850 2.790
2.590
1.140 0.518 0.885
0.845
0.656 0.420
—
—
0.799 0.461
—
—
0.125 0.070 0.075
0.070
1.040 0.665 0.750
0.750
0.075 0.040 0.045
0.040
2.669 1.540 1.570
1.540
0.355 0.090 0.100
0.095
3.665 1.700 1.820
1.770
2.327 1.000 1.070
1.000
0.710 0.460 0.575
0.555
1.894 1.183 1.530
1.480
7.172 4.150 4.210
4.150
1.998 0.986 1.130
1.050
0.500 0.300 0.325
0.310
1.500 0.441 1.280
1.120
0.495 0.245
—
—
0.335 0.215 0.230
0.220
3.817 1.949 3.230
3.130
0.425 0.195 0.240
0.220
1.255 0.920 1.000
0.990
1.476 1.082 1.180
1.180
CODE
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
YEAR
HIGH
-0.020
5.3
0.230
838.5
0.025
1
UNCH
47.5
0.040
127.3
—
—
0.130
218.9
0.030 2464.1
0.005
101.5
0.030
22.8
UNCH
239
—
—
-0.060
14.3
—
—
—
—
0.060 12551.2
0.150 1077.2
-0.010
5
-0.015
5
UNCH
3
0.030
59
-0.010
15.1
—
—
UNCH
61.2
0.010
16.2
0.100
3019
0.040
5.3
UNCH
285.8
0.020
275.5
0.100
25.2
—
—
—
—
—
—
0.030
2
—
—
0.005
34.6
0.060
104.8
UNCH
39.1
—
—
0.060
209.3
—
—
0.500 4403.3
—
—
UNCH
28
0.070
731.8
0.100
178.2
0.040
10
—
—
0.270 2422.6
UNCH
58
—
—
0.050
91.1
0.070 1412.7
0.045
32.1
0.025
29.1
0.020
19
0.030
483.4
0.030
34
0.030
76.7
—
—
0.050
68.1
—
—
2.844 18.71
2.586 11.38
1.447
7.75
1.541 10.50
0.870 18.74
—
—
5.621
9.91
0.299
—
0.430 236.36
0.893 16.26
0.403 21.48
—
—
6.998
—
—
7.55
— 15.89
0.320 28.57
0.420 18.98
0.636 13.51
1.089
2.04
1.597
—
0.635
—
1.980 18.43
—
8.10
1.149 16.59
0.472 15.60
2.636 15.62
4.033 10.50
0.350
—
1.134
6.66
0.000 18.50
—
—
—
—
—
—
0.000
—
—
0.26
0.345
—
1.801 13.95
2.500 14.31
—
—
1.426 15.22
—
8.38
5.730 21.31
— 39.47
0.213
—
1.400 13.96
1.014 20.48
0.920
5.63
—
—
1.368
9.02
1.682
7.34
— 76.74
1.686 10.92
3.453 19.19
0.505
—
0.484 12.92
1.876
8.49
1.259 15.06
0.904 19.63
0.000 10.43
—
—
0.797
—
—
—
1.33
2.53
6.86
1.73
3.87
—
3.14
—
—
5.00
—
4.88
—
1.61
—
1.27
1.81
3.05
6.10
4.94
—
2.96
5.76
1.32
2.11
2.31
5.78
—
4.21
4.43
2.97
—
—
—
—
—
4.02
4.79
—
2.68
6.22
2.21
1.67
—
6.62
2.97
3.05
—
2.87
4.02
—
2.00
4.38
—
—
4.42
1.83
—
2.27
—
—
—
514.9
407.2
63.7
412.2
289.6
64.0
1,610.0
29.8
88.9
109.0
137.5
32.8
1,458.0
81.6
23.2
1,451.4
341.3
36.7
42.2
339.7
22.9
353.2
166.8
158.0
113.6
1,469.1
1,282.7
124.7
85.5
1,953.2
5.2
23.3
17.7
30.1
28.7
42.1
183.1
161.1
60.6
183.9
245.9
4,788.6
64.2
35.5
591.4
488.4
65.6
91.5
1,246.8
960.9
27.9
200.0
673.3
52.3
19.8
542.4
481.3
349.0
140.8
71.4
65.9
—
0.860
1.413
2.430
0.981
1.735
0.340
0.450
3.530
1.840
4.655
9.953
1.930
0.568
2.574
0.070
0.520
5.580
2.980
3.879
0.060
1.860
6.110
1.037
1.630
0.430
2.775
0.685
0.450
2.246
0.476
1.944
4.410
1.878
0.650
0.570
0.610
0.285
1.320
1.275
2.966
1.879
0.260
7.200
1.823
3.540
2.284
0.882
1.280
2.711
3.500
9.390
2.823
0.758
0.125
0.355
0.530
3.070
1.160
4.280
0.140
1.300
1.007
1.043
2.089
0.220
2.990
0.530
1.052
2.842
1.443
0.420
2.918
1.847
1.450
0.330
5.950
22.384
0.250
7.452
0.270
0.430
5.320
2.730
3.345
0.200
0.420
0.921
0.753
0.660
0.230
2.338
0.450
1.000
1.240
1.470
1.810
9.599
0.938
4.307
1.860
2.631
3.500
0.620
2.710
0.260
0.625
4.060
4.500
16.839
1.790
0.595
0.940
7.643
0.750
1.390
0.560
3.056
1.321
2.943
4.062
1.718
0.760
3.753
0.505
3.301
0.550
4.610
1.460
0.145
3.510
1.052
1.790
FINANCE
17.304
3.314
4.896
13.200
13.400
6.914
1.970
4.290
8.811
7.237
1.560
1.590
14.820
13.880
18.015
2.150
1.325
0.895
0.295
2.620
0.784
15.088
0.805
3.418
9.749
2.540
4.630
2.740
2.237
1.507
19.645
0.410
9.498
5134
9822
7811
5170
7247
9237
4731
7239
7366
7073
5145
5163
4324
5181
7115
7155
7248
7132
7099
5665
7143
6904
7207
8656
7235
7106
5012
4022
5149
4448
4448P
5178
7097
7439
9741
6378
7034
7374
7854
7285
5010
7113
7173
4359
7100
7133
7227
4995
6963
5142
7226
7111
7231
7050
7025
5009
4243
7245
5048
7020
7014
9849
SAB
SAM
SAPIND
SCABLE
SCGM
SCIB
SCIENTX
SCNWOLF
SCOMIEN
SEACERA
SEALINK
SEB
SHELL
SIGGAS
SKBSHUT
SKPRES
SLP
SMISCOR
SMPC
SSTEEL
STONE
SUBUR
SUCCESS
SUPER
SUPERLN
SUPERMX
TAANN
TADMAX
TAS
TASEK
TASEK-PA
TATGIAP
TAWIN
TECGUAN
TECNIC
TEKALA
TGUAN
TIENWAH
TIMWELL
TOMYPAK
TONGHER
TOPGLOV
TOYOINK
TURIYA
UCHITEC
ULICORP
UMSNGB
VERSATL
VS
WASEONG
WATTA
WEIDA
WELLCAL
WONG
WOODLAN
WTHORSE
WTK
WZSATU
YILAI
YKGI
YLI
YOKO
3.760
4.720
0.875
1.300
3.620
0.870
7.000
0.340
0.260
0.600
0.275
0.410
4.860
0.435
0.580
1.340
1.380
0.820
0.600
0.810
0.255
1.690
1.390
3.780
1.420
2.160
3.460
0.280
0.475
15.800
15.500
0.150
0.275
0.750
0.710
0.275
1.740
1.670
0.680
1.680
1.930
7.700
0.600
0.155
1.510
3.700
0.820
0.780
5.400
1.240
0.330
1.500
2.030
0.570
0.495
2.260
1.000
1.380
0.880
0.205
0.650
—
7007
7078
6173
5190
5932
8761
8591
7528
5253
8877
7047
7161
9261
5398
5226
5169
5169PA
5169PB
6238
3336
8834
4723
9083
3565
5171
9628
5129
5006
9571
5924
5085
5703
8311
7055
5070
7145
9598
5205
5263
9717
5054
5622
5042
9679
7028
2283
ARK
AZRB
BDB
BENALEC
BPURI
BREM
CRESBLD
DKLS
ECONBHD
EKOVEST
FAJAR
FUTUTEC
GADANG
GAMUDA
GBGAQRS
HOHUP
HOHUP-PA
HOHUP-PB
HSL
IJM
IREKA
JAKS
JETSON
KEURO
KIMLUN
LEBTECH
MELATI
MERGE
MITRA
MTDACPI
MUDAJYA
MUHIBAH
PESONA
PLB
PRTASCO
PSIPTEK
PTARAS
SENDAI
SUNCON
SYCAL
TRC
TRIPLC
TSRCAP
WCT
ZECON
ZELAN
0.330
0.590
0.675
0.590
0.440
0.940
1.010
1.790
0.855
0.970
0.390
1.400
1.370
4.350
0.940
0.925
1.360
1.290
1.720
6.310
0.605
0.840
0.350
0.900
1.170
1.440
0.930
0.355
1.830
0.290
0.955
1.960
0.495
1.550
1.600
0.140
3.500
0.835
1.160
0.395
0.335
0.930
0.710
1.240
0.665
0.275
—
0.030
0.015
0.010
0.010
UNCH
0.030
—
0.035
0.035
UNCH
-0.020
0.020
0.030
0.060
0.010
—
—
UNCH
0.100
0.015
0.020
0.020
-0.010
0.050
—
-0.060
0.025
0.110
0.030
0.010
0.080
0.005
—
-0.040
UNCH
0.190
0.030
0.010
0.015
0.035
—
-0.040
0.040
—
0.010
—
10.2
679.3
770.3
20
249.5
10
—
1986.8
2.5
73.6
25
650.4
6387
78.5
1605.6
—
—
449.3
4799
116
2237.6
963
7
198
—
8.9
10
5420.2
22
337
524.2
2375
—
907.5
484.4
14.6
1460.7
8642.4
1402.8
28.4
—
9.5
779.4
—
3380.4
—
0.931
0.000
0.888
0.799
1.255
1.480
—
0.000
2.720
0.603
0.000
1.010
4.762
1.178
1.184
—
—
1.930
5.810
1.052
0.522
0.000
1.180
1.845
—
0.996
0.340
0.478
0.523
2.783
2.322
0.460
—
1.391
0.299
6.189
1.195
0.000
0.298
0.554
—
0.000
2.270
—
0.300
44.59
19.34
3.73
—
11.99
6.43
6.95
7.23
11.29
13.45
27.66
7.89
5.04
13.82
7.40
3.74
—
—
11.80
19.31
—
22.70
—
14.75
9.08
39.45
14.05
7.57
12.82
—
—
9.88
23.80
17.96
—
7.53
9.18
14.10
—
3.31
25.38
8.45
13.92
12.06
—
4.07
—
3.39
5.19
0.51
4.55
3.19
3.71
1.68
2.92
2.06
3.21
2.14
2.92
2.76
2.01
—
1.84
1.16
1.63
2.38
—
—
—
—
3.25
—
2.96
—
2.73
—
9.42
2.04
2.02
6.45
5.63
—
4.57
1.50
—
—
0.54
—
1.41
1.75
—
—
15.1
285.3
205.1
479.0
95.8
324.7
174.0
165.9
457.4
829.8
128.7
127.2
298.3
10,465.7
367.5
319.2
11.2
27.0
1,002.2
11,272.1
103.4
368.2
65.8
902.5
351.7
196.5
111.6
23.8
783.3
67.2
527.6
920.8
304.1
141.5
536.4
44.4
569.7
646.3
1,499.8
126.5
161.0
60.4
82.6
1,488.6
79.2
232.3
5238
5166
6599
7315
5099
5014
5115
0159
6351
7083
5194
5210
1481
6399
7048
7579
6888
5021
7251
7241
6998
5032
5248
3395
5196
4219
6025
1562
7036
9474
2771
5257
5245
2925
7117
7209
7016
5104
5136
5037
5184
0091
5141
5132
7212
7277
5908
5216
2097
5259
5036
7471
1368
0064
5081
5208
AAX
AEGB
AEON
AHB
AIRASIA
AIRPORT
ALAM
AMEDIA
AMWAY
ANALABS
APFT
ARMADA
ASB
ASTRO
ATLAN
AWC
AXIATA
AYS
BARAKAH
BHS
BINTAI
BIPORT
BJAUTO
BJCORP
BJFOOD
BJLAND
BJMEDIA
BJTOTO
BORNOIL
BRAHIMS
BSTEAD
CARIMIN
CARING
CCB
CENTURY
CHEETAH
CHUAN
CNI
COMPLET
COMPUGT
CYPARK
DAYA
DAYANG
DELEUM
DESTINI
DIALOG
DKSH
DSONIC
EASTLND
EATECH
EDARAN
EDEN
EDGENTA
EFFICEN
EIG
EITA
0.190
0.430
2.800
0.190
1.200
4.910
0.420
0.025
10.360
1.580
0.235
0.970
0.130
3.000
4.690
0.355
5.910
0.250
0.915
0.565
0.300
6.800
2.360
0.370
2.240
0.685
0.420
3.130
0.580
0.795
4.300
0.830
1.110
2.780
0.875
0.430
0.520
0.075
0.750
0.045
1.560
0.100
1.800
1.000
0.575
1.520
4.200
1.120
0.325
1.180
0.310
0.230
3.200
0.235
0.990
1.180
UNCH
0.005
0.020
0.010
-0.020
0.010
0.005
0.005
-0.040
—
0.010
-0.005
UNCH
0.040
—
0.020
-0.060
0.040
0.060
UNCH
0.020
UNCH
0.010
0.005
0.040
0.010
UNCH
0.010
0.025
0.025
UNCH
0.030
UNCH
0.190
0.035
—
—
0.005
-0.005
UNCH
0.020
0.005
0.030
-0.010
0.025
0.030
0.020
0.050
UNCH
-0.050
—
0.010
0.070
0.010
UNCH
0.010
11776.2
108.5
1621.1
641.9
20895.8
2754.2
1094.5
4230.4
4.6
—
24572.3
14779.2
898.2
3679.1
—
2836.5
8840.3
100.4
822.6
534.8
4427.6
1.2
2494.3
12300.2
14.5
50
6
1773.8
5004.7
94.3
458.1
148.1
41
184.9
3871.7
—
—
88.7
15
7140
551.5
2999.7
193.9
933.9
1052.1
7383
48.7
4725.9
50.1
2955.4
—
619
153.3
6968.4
53.3
0.5
1.040
0.344
15.101
0.000
2.412
8.659
1.512
0.089
12.480
—
0.311
3.968
0.140
2.917
—
0.277
6.719
0.310
1.392
1.312
0.320
0.000
1.535
0.525
1.679
0.820
0.490
3.924
0.489
1.493
5.333
0.000
1.759
2.454
2.050
—
—
0.105
0.690
0.050
2.457
0.381
5.370
4.279
0.371
2.979
6.572
9.405
0.480
0.000
—
0.336
2.565
0.146
0.000
0.958
—
—
18.26
15.20
35.29
11.69
6.58
—
15.31
13.06
—
24.74
—
27.80
24.53
7.02
22.47
13.51
7.24
—
6.36
22.71
12.41
2.11
3.73
—
—
11.70
12.66
—
12.26
0.19
20.18
7.99
9.23
31.62
4.18
—
93.75
—
7.20
—
8.45
7.05
31.42
28.52
11.29
25.45
2.15
41.84
—
—
17.59
25.00
11.34
10.24
—
11.63
1.79
—
2.50
1.55
—
—
3.86
1.90
—
1.68
1.92
3.83
6.40
—
3.72
4.00
2.19
1.33
—
3.53
3.77
2.70
2.57
1.46
—
6.87
—
—
5.47
—
2.70
—
4.57
2.91
1.10
4.00
4.00
—
3.21
—
3.89
7.50
—
1.38
2.26
1.34
—
0.85
—
—
1.56
—
3.03
3.39
788.1
176.3
3,931.2
30.4
3,339.6
8,146.6
388.3
29.9
1,703.0
94.8
90.5
5,690.3
86.3
15,605.2
1,189.6
81.2
51,434.1
95.1
751.9
180.8
64.4
3,128.0
2,690.7
1,602.8
840.0
3,425.2
98.7
4,228.7
221.1
187.8
4,447.0
194.1
241.7
280.1
325.5
54.9
86.9
54.0
91.4
96.0
346.0
165.2
1,578.8
400.0
464.6
7,734.2
662.2
1,512.0
79.8
594.7
18.6
71.6
2,603.2
166.6
183.6
153.4
YEAR
LOW
DAY
HIGH
DAY
LOW
0.450 0.795
0.795
0.966 1.080
1.030
1.610 1.840
1.720
0.495 0.520
0.500
1.411 1.500
1.440
0.110 0.220
0.210
0.170 0.220
0.195
1.930 2.120
1.930
1.100 1.190
1.150
3.744 4.040
3.810
7.620 7.770
7.620
0.960 1.290
1.240
0.380 0.410
0.400
2.100 2.190
2.100
0.060
—
—
0.300 0.325
0.305
3.326 5.360
5.270
1.350 2.440
2.350
2.969 3.190
3.190
0.010 0.015
0.010
0.310 0.325
0.315
4.576 5.740
5.600
0.599 0.790
0.780
0.790 1.240
1.210
0.250 0.270
0.255
1.530 1.680
1.530
0.390
—
—
0.215 0.385
0.360
1.740 1.860
1.790
0.296 0.330
0.315
1.438 1.680
1.680
3.324 4.160
4.090
1.031 1.250
1.220
0.355 0.395
0.375
0.210 0.240
0.230
0.300 0.335
0.315
0.120 0.210
0.210
0.565 0.585
0.565
0.647 1.220
1.140
2.468 2.650
2.580
1.440 1.570
1.500
0.140 0.160
0.155
5.958 6.500
6.360
0.920 0.940
0.930
2.567 3.240
3.130
1.110 1.150
1.120
0.505 0.520
0.505
0.700
—
—
2.007 2.240
2.100
0.990 1.020
0.995
6.429 8.230
7.930
1.770 1.860
1.790
0.355 0.370
0.360
0.070 0.080
0.075
0.175 0.180
0.175
0.310 0.315
0.310
1.384 2.720
2.370
0.610
—
—
2.074 4.030
3.900
0.080 0.090
0.085
0.800
—
—
0.587
—
—
0.615 0.840
0.795
1.425 1.610
1.600
0.095 0.100
0.095
0.680 2.420
2.220
0.420 0.470
0.460
0.605 0.620
0.610
1.210 1.300
1.250
1.000 1.050
1.000
0.065 0.070
0.065
0.890 0.925
0.900
0.985
—
—
0.310 0.345
0.330
0.170 0.170
0.170
2.798 5.500
5.390
14.309 20.800 20.200
0.030
—
—
3.973 5.990
5.650
0.167 0.200
0.200
0.220
—
—
3.880 4.000
3.880
1.304 2.210
2.110
1.864 2.850
2.730
0.110 0.130
0.130
0.340 0.370
0.360
0.535 0.680
0.665
0.589
—
—
0.393
—
—
0.105 0.110
0.110
0.844 1.700
1.620
0.165 0.175
0.170
0.265 0.285
0.280
0.640 1.100
1.100
1.236 1.400
1.390
1.155 1.580
1.500
8.010 8.120
8.020
0.751
—
—
1.930 2.120
2.010
0.819 1.620
1.580
2.114 2.440
2.400
2.250
—
—
0.135 0.150
0.135
1.976 2.150
2.100
0.120 0.135
0.135
0.340 0.355
0.340
1.182 3.500
3.250
2.407 3.820
3.770
10.640 11.020 10.800
0.711 1.540
1.430
0.290 0.415
0.365
0.135 0.165
0.150
5.931 6.380
6.300
0.435 0.530
0.510
0.910 1.060
0.970
0.370
—
—
2.563
—
—
0.866 0.980
0.980
2.300 2.300
2.300
1.030 1.120
1.050
1.270 1.340
1.340
0.510 0.560
0.550
1.280 2.220
2.140
0.360 0.405
0.405
2.350
—
—
0.420
—
—
2.713 4.070
3.950
0.755 1.130
1.030
0.050 0.055
0.050
2.390 2.780
2.690
0.434 0.540
0.490
1.440 1.500
1.470
10.083
2.290
3.590
10.745
10.744
5.050
1.225
3.700
7.457
4.910
0.895
1.300
12.740
7.400
14.280
1.770
0.685
0.782
0.135
1.513
0.532
10.559
0.575
2.900
7.963
1.470
3.330
1.520
1.594
1.190
16.880
0.285
6.710
12.980
2.330
3.740
11.000
—
5.290
1.600
4.020
7.920
5.150
1.300
1.420
13.380
—
14.440
2.020
0.715
0.890
0.145
2.620
0.645
13.800
0.700
3.040
8.620
1.550
3.500
1.590
1.690
1.400
18.360
0.410
6.910
12.820
2.290
3.690
10.980
—
5.060
1.580
3.990
7.850
4.940
1.260
1.390
12.800
—
14.280
1.960
0.695
0.875
0.140
2.610
0.625
13.700
0.690
3.020
8.400
1.470
3.340
1.520
1.660
1.340
18.040
0.390
6.710
CODE
7189
5056
6939
9318
7210
0128
9377
5209
0078
4715
3182
3204
7676
7668
7110
7253
3034
2062
5008
7013
5255
5225
5614
5673
8923
0058
8672
5079
6491
0151
5035
5878
5843
9121
4847
6874
7170
8486
5143
3859
5264
3514
6012
5077
5983
4502
5090
7234
3069
5186
3816
2194
0059
0043
3891
3905
0138
9806
5509
4464
8508
5533
0172
5201
3018
5260
8419
5125
5657
5041
6254
5133
7108
0047
7080
5219
5681
7027
7081
7201
7163
4634
5204
8346
0037
8885
8567
5147
7185
9113
0099
7158
7045
7053
9792
5250
4197
9431
5218
5242
6084
9865
1201
6521
0016
5173
8524
5140
5347
8702
7228
7206
4863
0101
8397
7218
5711
5167
7137
5243
7091
5754
7250
7240
5016
7692
5246
5267
7122
7293
7066
4677
5139
5185
2488
1163
1163PA
1015
5088
5258
1818
1023
2143
5228
5819
5274
1082
6688
3379
3379PA
3441
5096
6483
8621
1198
1058
1155
1171
6459
5237
5053
6009
1295
9296
1066
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
EKIB
ENGTEX
FIAMMA
FITTERS
FREIGHT
FRONTKN
FSBM
GASMSIA
GDEX
GENM
GENTING
GKENT
GUNUNG
HAIO
HAISAN
HANDAL
HAPSENG
HARBOUR
HARISON
HUBLINE
ICON
IHH
ILB
IPMUDA
JIANKUN
JOBST
KAMDAR
KBES
KFIMA
KGB
KNUSFOR
KPJ
KPS
KPSCB
KTB
KUB
LFECORP
LIONFIB
LUXCHEM
MAGNUM
MALAKOF
MARCO
MAXIS
MAYBULK
MBMR
MEDIA
MEDIAC
MESB
MFCB
MHB
MISC
MMCCORP
MMODE
MTRONIC
MUIIND
MULPHA
MYEG
NATWIDE
NCB
NICORP
NOMAD
OCB
OCK
OLDTOWN
OLYMPIA
OWG
PANSAR
PANTECH
PARKSON
PBA
PDZ
PENERGY
PERDANA
PERISAI
PERMAJU
PESTECH
PETDAG
PETONE
PHARMA
PICORP
PJBUMI
POS
PRESBHD
PRKCORP
RGB
RPB
SALCON
SAMCHEM
SAMUDRA
SANBUMI
SCICOM
SCOMI
SCOMIES
SEEHUP
SEG
SEM
SIME
SJC
SKPETRO
SOLID
STAR
SUIWAH
SUMATEC
SURIA
SYMPHNY
SYSCORP
TALIWRK
TASCO
TENAGA
TEXCHEM
TGOFFS
THHEAVY
TM
TMCLIFE
TNLOGIS
TOCEAN
TSTORE
TURBO
UMS
UMWOG
UNIMECH
UTUSAN
UZMA
VOIR
WARISAN
WIDETEC
WPRTS
XINHWA
YFG
YINSON
YONGTAI
YTL
0.795
1.070
1.840
0.510
1.440
0.215
0.195
2.120
1.170
3.940
7.620
1.280
0.405
2.190
0.065
0.320
5.360
2.410
3.190
0.010
0.325
5.700
0.790
1.210
0.270
1.550
0.425
0.365
1.860
0.330
1.680
4.160
1.250
0.390
0.235
0.335
0.210
0.585
1.200
2.650
1.560
0.155
6.460
0.935
3.240
1.140
0.520
0.870
2.240
1.010
7.970
1.840
0.360
0.080
0.180
0.310
2.720
0.815
4.030
0.090
—
0.780
0.830
1.610
0.100
2.410
0.460
0.615
1.300
1.040
0.070
0.925
1.530
0.340
0.170
5.450
20.300
0.055
5.900
0.200
0.325
4.000
2.190
2.850
0.130
0.370
0.675
0.700
0.470
0.110
1.650
0.170
0.285
1.100
1.400
1.540
8.070
0.760
2.090
1.590
2.440
2.800
0.140
2.150
0.135
0.355
3.470
3.780
10.860
1.530
0.415
0.160
6.300
0.530
1.060
0.430
2.760
0.980
2.300
1.120
1.340
0.560
2.200
0.405
2.550
0.450
4.050
1.110
0.055
2.750
0.535
1.480
UNCH
0.040
0.090
0.005
-0.060
0.010
-0.025
0.190
0.050
0.150
-0.010
0.060
-0.005
0.060
—
0.015
UNCH
0.090
0.080
-0.005
0.010
0.020
0.005
-0.040
0.020
0.020
—
0.010
0.050
0.020
UNCH
0.060
0.040
0.015
0.005
0.020
UNCH
-0.020
0.060
0.050
0.070
0.005
0.080
0.015
UNCH
UNCH
UNCH
—
0.100
0.015
0.070
0.060
UNCH
0.005
0.005
UNCH
0.270
—
0.130
UNCH
—
—
0.035
0.020
UNCH
0.190
UNCH
0.005
0.010
0.010
0.005
0.005
—
0.015
UNCH
0.070
-0.020
—
UNCH
UNCH
—
0.110
0.110
0.140
UNCH
UNCH
0.025
—
—
0.005
0.030
0.005
0.005
0.020
UNCH
0.040
0.030
—
0.060
UNCH
0.030
—
UNCH
UNCH
UNCH
UNCH
0.120
-0.100
0.060
0.070
0.020
0.010
-0.020
0.020
0.085
—
—
UNCH
-0.190
0.090
0.010
0.040
0.080
-0.045
—
—
0.090
0.080
UNCH
0.070
0.020
0.020
140
424
14.3
945.5
4.4
26998.9
25.7
1174.3
303
3986
3745.3
1051.5
123
34.9
—
143.3
1471
140.7
8.2
1547
1492.6
6743.1
373.9
13.1
527
14.5
—
1378.1
82
100
3.1
4198.5
170.4
240.9
3372
382
240
3.1
2601.3
597.7
9839
424
4246.5
338.3
102.9
910.6
394.8
—
48.6
803.9
6700.8
1001.1
642.6
7465.5
284
632.7
10718.8
—
242.8
2450.3
—
—
669
219
238.2
1289.5
58
533.3
530.1
349.7
1381.9
659.2
—
8121.8
566.9
149.7
488
—
36.8
1.4
—
161.5
1372.4
98.2
6373
271.9
929.1
—
—
18
2856.7
2373.9
824.2
1
112.2
816.9
4899.5
—
8490.8
292
62
—
28344
8.9
228.3
110
310.4
54.5
11614.1
156.8
437.7
2864.1
10475.4
2762.5
263.5
—
—
20
6
3082.7
1
12
127
2.5
—
—
7188.3
2128.6
778.9
470
9643.9
8217.3
AEONCR
AFFIN
AFG
ALLIANZ
ALLIANZ-PA
AMBANK
APEX
BIMB
BURSA
CIMB
ECM
ELKDESA
HLBANK
HLCAP
HLFG
HWANG
INSAS
INSAS-PA
JOHAN
KAF
KENANGA
LPI
MAA
MANULFE
MAYBANK
MBSB
MNRB
MPHBCAP
OSK
P&O
PBBANK
RCECAP
RHBCAP
12.980
2.330
3.690
11.000
11.300
5.190
1.600
3.990
7.910
5.080
1.300
1.420
12.820
10.200
14.280
2.020
0.715
0.890
0.140
2.610
0.635
13.780
0.700
3.020
8.600
1.540
3.500
1.580
1.680
1.400
18.300
0.400
6.870
0.120
139.4
0.020
416.1
0.010
2456
0.200
22
—
—
0.140 3990.6
0.020
25
UNCH
930.5
0.010
193.4
0.140 8615.9
0.020
17.3
0.030
50.1
0.020 1407.9
—
—
-0.100
361.5
0.050
19.5
0.020 1663.2
0.015
193.9
UNCH
123.2
UNCH
226.3
-0.015
61
0.180
23.3
-0.010
235
-0.010
90.1
0.190 10839.8
0.070
624.3
0.160
66.3
0.040
226.3
0.020
2917
UNCH
46
0.100 6613.4
0.005
11917
0.160
575.2
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.385
—
1.658
6.77
1.888
6.37
0.750
9.16
1.540 11.26
0.075 10.34
0.210
—
3.875 17.61
2.952 54.42
4.211 18.74
10.196 17.77
1.081 12.24
0.883
6.75
2.644 14.27
—
—
0.468
8.16
2.654 15.04
0.869
8.92
3.050 10.30
0.048
—
0.000
6.67
4.042 60.70
0.723
—
0.670
5.17
0.322
—
0.000
3.43
— 12.11
0.275
—
1.978
8.72
0.000 13.75
0.000
6.16
6.116 28.95
2.191
5.54
0.462
4.83
0.152
9.48
0.429 17.09
0.151 38.18
1.000
—
1.286 14.20
3.264 14.21
0.000
3.18
0.150
8.24
7.027 29.48
1.704
—
3.599 10.22
2.650 18.72
1.005
2.29
— 29.10
1.976
6.84
3.738 14.79
1.000 13.37
2.820 10.95
0.686
7.98
0.094 44.44
0.201
—
0.424
4.21
2.509 52.21
—
—
3.644 54.46
0.115
—
—
—
— 12.15
0.816 21.56
2.573 15.23
0.124
—
0.000 27.32
0.494
8.65
0.994
9.32
3.506 10.06
0.984 18.91
0.080
—
2.187
8.33
— 15.13
1.458 14.17
0.346
—
2.757 30.26
30.797 31.55
—
0.66
4.619 15.36
0.175 12.58
— 17.86
5.937 16.91
2.589 56.01
1.000
5.27
0.115
7.18
0.386 528.57
0.674
—
— 15.38
—
0.96
0.217
—
0.654 19.88
0.368
5.48
0.721
8.66
1.000 139.24
1.536 29.35
0.000 28.10
9.647 19.51
— 38.97
4.291 10.57
0.725 25.04
2.459 14.79
— 10.03
0.304
7.37
2.666 12.07
0.118 270.00
0.435 31.14
0.982
4.85
2.066 12.32
1.000
9.22
0.865 36.26
0.629
—
0.900
—
1.000 30.75
0.384 48.62
1.000
6.11
— 74.14
—
9.26
0.785
7.75
0.000 10.81
3.400 10.50
1.755 10.14
1.000
—
4.650 11.76
0.000
—
—
—
—
6.39
2.533 26.42
0.000
—
0.130
—
5.861 11.52
0.000
—
1.611 13.64
—
0.93
4.89
5.37
3.47
—
—
6.16
0.72
1.65
0.52
4.14
1.48
6.39
—
—
4.66
1.04
4.70
—
—
0.53
4.43
—
—
19.44
—
—
4.30
3.03
2.98
1.88
3.20
—
—
—
—
—
4.17
7.55
—
1.29
5.26
1.07
2.47
9.65
6.52
—
3.57
—
1.69
1.90
2.78
—
—
—
0.55
—
1.74
—
—
2.56
—
3.73
—
—
4.89
4.23
—
3.61
—
2.16
1.31
—
—
1.10
1.87
—
5.25
6.30
—
3.78
1.68
—
1.92
—
4.44
3.57
9.57
—
4.19
—
—
—
9.29
1.62
4.46
1.32
0.97
1.89
4.92
2.14
—
3.26
—
—
3.60
1.94
2.67
9.80
—
—
3.63
0.57
2.36
—
1.36
5.10
2.61
0.89
3.36
—
1.72
—
3.53
—
2.83
—
—
0.55
—
8.11
73.0
317.8
266.3
244.9
249.1
226.5
24.9
2,722.1
1,446.5
23,395.9
28,523.2
384.5
95.6
442.8
5.2
51.2
12,029.7
438.6
218.5
32.5
382.6
46,872.5
140.6
87.7
41.0
217.0
84.1
46.0
514.4
72.6
167.4
4,381.7
623.8
57.7
94.7
186.4
17.8
135.5
316.2
3,810.0
7,800.0
163.4
48,508.4
935.0
1,265.9
1,264.5
877.4
36.5
545.1
1,616.0
35,576.4
5,602.9
58.6
60.7
527.9
730.3
3,269.7
49.0
1,895.1
70.4
—
80.2
438.4
745.8
102.3
445.9
128.8
379.1
1,422.1
344.5
60.9
297.6
1,145.2
405.7
33.3
1,012.6
20,167.1
2.8
1,527.4
131.6
16.3
2,148.1
1,060.0
285.0
169.3
317.7
457.4
95.2
86.2
20.8
586.5
266.7
667.4
57.2
1,044.6
1,899.4
50,124.0
30.8
12,523.6
262.4
1,802.1
170.8
487.6
609.2
89.1
426.0
1,523.2
378.0
61,289.6
189.9
158.3
179.4
23,675.0
918.4
446.0
17.6
189.1
105.8
93.6
2,421.4
172.3
62.0
640.1
48.6
171.4
20.1
13,810.5
199.8
33.5
3,005.2
85.8
15,975.1
4.39
6.44
4.17
0.45
0.53
5.26
7.50
5.81
4.36
2.95
—
5.28
3.20
1.47
2.66
1.24
1.40
4.49
—
3.83
1.57
4.11
8.57
3.31
6.40
6.08
4.71
—
4.46
5.57
3.01
3.75
0.87
1,869.1
4,527.1
5,712.5
1,861.6
1,040.9
15,643.6
341.7
6,153.4
4,228.8
43,128.1
350.0
177.5
24,100.4
2,518.3
15,033.5
515.4
495.7
118.0
87.2
313.2
464.7
4,574.8
213.0
611.2
82,037.9
4,371.4
745.7
1,129.7
2,119.1
344.3
71,043.1
533.6
17,782.9
15.436
4.253
4.969
10.400
—
7.396
1.180
1.000
8.033
7.536
1.068
1.512
1.000
—
15.806
4.315
0.963
0.000
0.160
1.851
0.620
16.538
0.663
1.000
9.750
2.620
3.648
1.767
1.608
1.467
1.000
0.265
7.601
64.58
8.72
10.57
6.39
—
8.13
15.97
11.02
20.78
16.18
12.82
9.45
10.50
24.36
9.21
10.26
5.40
—
—
74.57
16.12
14.10
—
17.88
11.56
5.18
5.36
4.47
7.71
19.39
14.56
17.86
8.53
0
4
2
PROP
1
1
0
0
1
1
1
1
2
3
3
1
2
0
2
1
2
1
0
1
0
0
1
2
0
2
2
1
1
2
2
0
1
0
0
1
2
0
1
1
0
1
1
1
2
1
0
1
0
0
4
0
0
1
2
0
3
3
2
2
0
2
3
0
1
1
1
1
3
0
1
6
3
1
3
1
0
9
0
2
0
1
0
2
1
2
2
2
1
2
1
MINI
1
PLAN
1
19
8
1
0
9
0
8
3
10
1
1
1
2
3
0
1
4
23
3
2
0
3
2
1
1
2
5
0
1
0
4
3
0
6
2
0
1
2
2
7
28
HOTE
0
1
0
7
TECH
1
0
0
0
0
0
0
1
0
2
1
0
0
6
0
3
0
0
4
* Volu
A I LY
Markets 3 5
BURSA MAL AYSIA MAIN MARKET . ACE MARKET
AP
IL)
3.0
7.8
6.3
4.9
9.1
6.5
4.9
2.1
6.5
5.9
3.2
4.5
5.6
2.8
5.2
1.2
9.7
8.6
8.5
2.5
2.6
2.5
0.6
7.7
1.0
7.0
4.1
6.0
4.4
2.6
7.4
1.7
3.8
7.7
4.7
6.4
7.8
5.5
6.2
0.0
0.0
3.4
8.4
5.0
5.9
4.5
7.4
6.5
5.1
6.0
6.4
2.9
8.6
0.7
7.9
0.3
9.7
9.0
5.1
0.4
—
0.2
8.4
5.8
2.3
5.9
8.8
9.1
2.1
4.5
0.9
7.6
5.2
5.7
3.3
2.6
7.1
2.8
7.4
1.6
6.3
8.1
0.0
5.0
9.3
7.7
7.4
5.2
6.2
0.8
6.5
6.7
7.4
7.2
4.6
9.4
4.0
0.8
3.6
2.4
2.1
0.8
7.6
9.2
9.1
6.0
3.2
8.0
9.6
9.9
8.3
9.4
5.0
8.4
6.0
7.6
9.1
5.8
3.6
1.4
2.3
2.0
0.1
8.6
1.4
0.1
0.5
9.8
3.5
5.2
5.8
5.1
9.1
7.1
2.5
1.6
0.9
3.6
1.7
3.4
8.8
8.1
0.0
7.5
0.4
8.3
3.5
5.4
5.7
8.0
7.2
3.2
4.7
4.8
3.0
1.2
7.9
1.4
5.7
9.7
9.1
4.3
3.1
3.6
2.9
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
0.991 0.610 0.625
0.610
4.230 2.010 3.860
3.790
2.413 1.320 1.400
1.320
PROPERTIES
1.208 0.680 0.780
0.745
1.412 0.785 0.950
0.925
0.530 0.370 0.375
0.370
0.350 0.195 0.220
0.210
1.504 0.864 1.190
1.100
1.070 0.525 0.650
0.525
1.151 0.726
—
—
1.650 0.950 1.000
0.950
2.804 2.020 2.100
2.100
3.245 1.510 1.520
1.510
3.686 2.230 2.300
2.260
1.680 0.600 0.630
0.620
2.762 1.540 1.680
1.550
0.399 0.250 0.270
0.255
2.100 1.300 1.360
1.310
1.750 0.880 0.925
0.900
2.950 0.900 2.120
2.120
1.000 0.700 0.820
0.700
0.626 0.410 0.500
0.495
1.123 0.730 0.835
0.730
0.543 0.343 0.460
0.425
0.928 0.450 0.480
0.465
1.150 0.860
—
—
2.051 1.030 1.220
1.190
0.750 0.480
—
—
2.389 1.670 1.740
1.690
2.770 1.770 2.730
2.710
1.308 0.515 0.555
0.530
1.937 1.160 1.810
1.780
2.940 2.375 2.790
2.650
2.707 1.790 1.860
1.830
0.630 0.350 0.360
0.360
1.780 0.800 0.940
0.800
0.465 0.250 0.265
0.260
0.105 0.050 0.055
0.050
1.237 0.808 0.975
0.940
2.353 1.410 1.470
1.410
0.674 0.370 0.375
0.370
1.586 1.100 1.320
1.250
1.646 1.370 1.440
1.400
0.415 0.280 0.305
0.300
1.200 0.765 1.050
0.980
1.830 1.467 1.500
1.480
1.130 0.670 0.725
0.700
2.782 1.756 2.260
2.130
1.430 1.090 1.190
1.130
0.754 0.550 0.570
0.565
1.090 0.615 0.745
0.720
0.460 0.285 0.335
0.335
0.319 0.186
—
—
4.132 2.100 2.220
2.180
0.340
0.479 0.303 0.350
0.500 0.170
—
—
1.707 0.950 1.000
0.950
2.140 0.855 1.060
1.060
0.515 0.265 0.275
0.265
3.953 2.000 2.200
2.000
3.048 2.109
—
—
2.750 1.706 1.950
1.950
2.090 1.304 1.710
1.660
0.804 0.340 0.350
0.345
2.150 1.315 1.550
1.540
3.514 1.820 1.840
1.820
0.345 0.215 0.240
0.230
1.071 0.769 0.815
0.810
1.440 0.750 0.775
0.755
1.398 0.910 0.970
0.960
1.370 0.485 0.520
0.500
3.742 2.679 3.150
3.020
0.225 0.140 0.165
0.160
1.582 0.880 0.970
0.880
6.292 4.795 5.050
4.900
3.540 2.960 3.100
2.960
1.189 0.702 0.825
0.780
3.814 2.821 3.410
3.380
1.217 0.750 0.800
0.790
0.407 0.270 0.295
0.270
9.128 5.391 6.800
6.500
0.140 0.060 0.065
0.060
2.581 1.379 1.540
1.490
0.195 0.110 0.125
0.120
1.140 0.380 0.710
0.670
0.160 0.095 0.105
0.095
2.671 1.550
—
—
1.383 0.900 0.920
0.905
2.004 0.915 0.950
0.920
2.184 1.820 1.970
1.820
2.095 1.140 1.200
1.160
1.764 0.698
—
—
2.139 1.740 1.790
1.750
1.050 0.660 0.695
0.660
MINING
1.650 1.120 1.200
1.200
PLANTATIONS
1.170 1.000 1.000
1.000
19.145 16.380 18.060 18.000
8.450 7.423 8.200
8.200
1.590 1.240 1.260
1.240
0.985 0.735 0.770
0.740
9.606 8.620 8.800
8.800
0.830 0.405 0.425
0.410
8.300 7.234 8.220
8.200
3.913 1.520 1.570
1.530
10.754 8.928 9.620
9.500
1.940 0.900 1.450
1.390
1.270 0.701 1.100
1.100
1.240 0.885
—
—
2.610 2.190 2.200
2.200
3.754 3.066 3.380
3.350
0.901 0.620 0.700
0.635
1.860 1.350
—
—
4.967 3.910 4.050
3.990
23.381 19.127 21.500 20.800
3.826 2.631 3.050
3.050
2.846 2.156 2.500
2.470
0.560 0.375 0.390
0.380
3.042 2.410 2.700
2.570
2.136 1.630
—
—
1.980 1.560
—
—
1.126 0.855 0.920
0.855
2.889 2.610
—
—
5.719 4.510 4.510
4.510
0.495 0.235 0.250
0.240
1.450 0.940
—
—
0.755 0.480 0.500
0.480
4.470 3.520 3.750
3.750
3.742 2.910 2.920
2.920
0.850 0.635
—
—
6.491 3.930 4.100
3.950
2.557 1.920 1.920
1.920
0.966 0.560 0.600
0.580
1.955 1.340 1.380
1.340
2.114 1.151 1.340
1.280
2.424 1.960 2.080
1.960
7.019 5.700 5.800
5.750
28.000 22.165 27.180 27.100
HOTELS
0.964 0.650
—
—
1.560 0.890 1.040
1.030
0.530 0.090 0.230
0.220
7.397 5.917 6.220
6.220
TECHNOLOGY
1.000 0.690
—
—
0.670 0.245 0.265
0.250
0.400 0.130 0.155
0.155
0.355 0.210 0.290
0.280
0.305 0.165 0.185
0.175
0.340 0.190 0.205
0.195
0.410 0.220 0.230
0.225
1.797 1.002 1.360
1.300
0.733 0.470 0.625
0.610
2.000 1.107 1.690
1.630
1.280 0.850 0.930
0.850
0.410 0.185 0.235
0.220
0.363 0.232 0.280
0.270
6.449 3.454 5.830
5.580
0.748 0.539 0.625
0.610
3.580 1.821 3.160
2.910
0.300 0.130
—
—
0.798 0.442 0.665
0.640
4.350 2.246 3.860
3.690
CODE
4898
6139
5230
1007
5959
1007PA
4057
6602
9814
3239
5738
6718
5049
5355
3484
3417
3557
8206
6076
8613
6815
6041
5020
9962
1147
2968
1503
7010
5062
5018
4251
5084
1597
5249
5175
1589
6769
3115
7323
5038
3174
8494
5789
3573
7617
8583
6181
5236
5182
5040
1694
8141
8141PA
6114
8893
6548
1651
9539
3913
5073
5827
6661
1724
6912
1945
5075
2208
4596
5207
2224
4286
6017
4375
5213
1783
8664
3743
5211
1538
5158
2305
2259
5191
2429
7889
7079
5239
5401
5148
5200
2976
7003
3158
2577
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
TA
TAKAFUL
TUNEINS
0.625
3.790
1.400
0.015
-0.030
0.080
784.3
1835.3
2101.7
0.782
1.000
1.895
7.06
20.35
15.14
2.88
3.96
2.89
1,069.9
3,089.0
1,052.5
AMPROP
A&M
AMPROP-PA
ASIAPAC
BCB
BERTAM
BJASSET
CHHB
CRESNDO
CVIEW
DAIMAN
DBHD
E&O
ECOFIRS
ECOWLD
ENCORP
ENRA
EUPE
FARLIM
GLOMAC
GMUTUAL
GOB
GPLUS
GUOCO
HOOVER
HUAYANG
HUNZPTY
IBHD
IBRACO
IGB
IOIPG
IVORY
IWCITY
JKGLAND
KBUNAI
KEN
KSL
L&G
LBICAP
LBS
LIENHOE
MAGNA
MAHSING
MALTON
MATRIX
MCT
MEDAINC
MENANG
MJPERAK
MJPERAK-PA
MKH
MKLAND
MPCORP
MRCB
MUH
MUIPROP
NAIM
OIB
OSKPROP
PARAMON
PASDEC
PJDEV
PLENITU
PTGTIN
SAPRES
SBCCORP
SDRED
SEAL
SHL
SMI
SNTORIA
SPB
SPSETIA
SUNSURIA
SUNWAY
SYMLIFE
TAGB
TAHPS
TALAMT
TAMBUN
TANCO
THRIVEN
TIGER
TITIJYA
TROP
UEMS
UOADEV
WINGTM
Y&G
YNHPROP
YTLLAND
0.780
0.950
0.375
0.220
1.190
0.565
0.860
1.000
2.100
1.520
2.300
0.620
1.640
0.265
1.350
0.920
2.120
0.805
0.495
0.795
0.460
0.480
1.050
1.210
0.580
1.740
2.730
0.555
1.810
2.750
1.840
0.360
0.860
0.260
0.050
0.975
1.420
0.375
1.320
1.420
0.305
1.040
1.500
0.725
2.240
1.180
0.570
0.745
0.335
0.245
2.190
0.345
0.170
1.000
1.060
0.275
2.200
2.710
1.950
1.710
0.350
1.540
1.840
0.240
0.810
0.765
0.970
0.510
3.150
0.165
0.970
5.050
3.060
0.810
3.400
0.800
0.295
6.700
0.065
1.510
0.120
0.700
0.100
1.700
0.920
0.930
1.870
1.180
1.480
1.770
0.695
0.030
103.4
0.020
306
-0.015
51.1
0.010 1334.1
0.070
51
-0.110
18.5
—
—
UNCH
7.2
0.080
2.9
0.010
17
0.070
49.5
-0.010
109.5
0.070 1240.1
-0.005
393.1
0.030 1857.9
UNCH
54
0.070
5
0.045
74.1
-0.005
45
0.045
182.5
0.010
305.8
UNCH
335.5
—
—
0.020
160.7
—
—
0.010
533.3
0.020
181.6
0.025 1156.8
-0.030
4
0.090
21.8
UNCH
718
0.005
237.5
0.040
366
UNCH
230.9
-0.005
731.9
0.065
54
-0.010
824.2
0.005 6822.4
0.040
15.8
0.020
208
-0.005
166
0.040
147.6
0.010
158
0.005
847.1
0.080 1030.5
0.010 3034.8
UNCH
3
-0.015
9.5
UNCH
10
—
—
0.030
222.7
0.010
277.6
—
—
0.040 1248.6
-0.020
3.3
UNCH
365
0.160
361.9
—
—
UNCH
535.1
0.010
900.2
0.010
38
UNCH
5575
-0.010
103.7
UNCH
66
UNCH
44.9
0.010
86.5
0.010
9.4
0.010
99.6
0.050
22.5
0.010
62
0.020
18
-0.030
28.4
0.070
878.5
0.015
173
UNCH 2024.6
0.010
805.7
0.025 1112.5
-0.050
16.7
-0.005
3308
0.010
524.1
UNCH
681
0.025
129.9
-0.005 24804.4
—
—
UNCH
564.1
0.010 2090.5
UNCH
68
UNCH 1905.2
—
—
-0.020
280.6
0.035
24
0.829 12.85
0.932
9.92
0.000
—
0.147
0.58
0.000
6.45
0.596 37.92
— 10.53
1.020
—
3.069
3.90
2.594
4.02
3.289 16.87
0.380 6200.00
1.920 13.19
0.198 31.18
2.716 71.05
1.045 91.09
1.060 33.02
0.725
7.66
0.510
—
1.083
6.64
0.462
6.17
0.758
4.94
—
7.89
1.070
6.22
—
9.42
2.133
4.15
2.302 12.96
2.532
4.92
2.016
6.73
2.710 16.48
0.000
4.52
0.609
8.05
1.257 358.33
0.262
8.07
0.076
—
1.480
5.50
2.051
3.18
0.373
1.99
1.240
7.11
1.661 10.01
0.325
—
1.305 10.78
2.198
9.99
0.882
8.81
3.220
5.30
0.726
—
0.794
—
0.655
3.30
0.515 23.76
—
—
2.646 11.74
0.366
6.18
—
—
1.373
4.77
0.000
2.41
0.172
—
3.622
3.67
— 12.30
1.350
3.71
1.536 10.33
0.444 38.46
1.269
3.03
2.699
6.66
0.300
—
0.927
5.08
1.217
8.10
0.882
6.17
0.519
—
2.150
7.37
0.174
—
0.618 13.09
4.633 16.94
2.873 13.76
0.830 50.94
2.648
7.56
1.086
5.40
0.299 11.39
5.530 11.42
0.066
—
1.411
5.83
0.160
—
1.210 18.13
0.219
—
—
7.18
1.341
3.81
2.305
8.95
1.990
7.50
2.342
4.84
— 10.16
1.727 20.80
0.952 28.25
3.85
1.58
—
—
2.52
—
2.33
—
5.71
15.79
3.48
—
1.66
—
—
—
—
1.86
10.10
5.85
4.35
—
—
1.65
—
7.47
—
5.44
6.95
3.64
—
—
—
0.77
—
3.08
7.04
5.33
3.79
2.29
—
4.81
4.33
4.14
6.63
0.45
—
—
—
2.04
3.65
11.59
—
2.50
—
—
1.59
4.43
5.13
4.39
—
4.22
3.26
—
3.09
4.14
3.09
—
7.94
—
2.06
2.38
3.17
—
3.24
6.25
3.39
4.78
—
6.42
—
—
—
2.35
6.71
3.23
6.95
3.97
5.91
—
—
465.7
346.8
111.3
218.4
245.4
116.8
957.2
275.7
479.8
152.0
488.0
191.8
2,066.0
193.5
3,191.8
256.4
288.8
103.0
69.5
578.6
172.8
218.2
154.2
847.6
23.2
459.4
681.4
548.1
320.9
3,753.2
6,953.1
160.4
576.0
197.2
288.8
186.9
1,362.2
405.7
96.6
779.5
110.3
346.2
3,614.1
325.1
1,232.6
1,575.0
280.8
199.0
66.1
22.5
918.5
416.5
48.9
1,786.6
59.8
210.1
550.0
245.4
484.9
722.1
72.1
706.2
702.0
83.1
113.1
179.6
413.3
112.9
762.7
34.6
469.6
1,735.3
7,941.3
595.7
6,012.5
248.0
1,569.9
501.5
274.3
639.6
40.2
175.8
81.0
600.7
1,331.7
4,219.8
2,843.9
581.3
295.1
781.4
586.8
2186
KUCHAI
1.200
UNCH
28
7054
1899
5069
5254
8982
1929
3948
5029
5222
2291
7382
2135
7501
5138
2216
2607
6262
1961
2445
2453
5027
1996
2003
6572
4936
5026
5047
2038
1902
9695
5113
2542
2569
4316
5126
5135
2054
5112
5251
9059
2593
2089
AASIA
BKAWAN
BLDPLNT
BPLANT
CEPAT
CHINTEK
DUTALND
FAREAST
FGV
GENP
GLBHD
GOPENG
HARNLEN
HSPLANT
IJMPLNT
INCKEN
INNO
IOICORP
KLK
KLUANG
KMLOONG
KRETAM
KULIM
KWANTAS
MALPAC
MHC
NPC
NSOP
PINEPAC
PLS
RSAWIT
RVIEW
SBAGAN
SHCHAN
SOP
SWKPLNT
TDM
THPLANT
TMAKMUR
TSH
UMCCA
UTDPLT
1.000
18.040
8.200
1.250
0.770
8.800
0.420
8.220
1.550
9.620
1.450
1.100
0.900
2.200
3.380
0.700
1.450
4.020
21.020
3.050
2.500
0.390
2.680
1.630
1.750
0.920
2.800
4.510
0.245
0.950
0.500
3.750
2.920
0.650
4.000
1.920
0.595
1.350
1.300
2.050
5.770
27.140
UNCH
-0.040
-0.200
UNCH
0.025
0.180
0.010
0.110
-0.010
0.010
0.070
-0.070
—
UNCH
-0.120
0.080
—
-0.010
-0.220
UNCH
UNCH
0.010
0.070
—
—
0.040
—
-0.090
0.005
—
UNCH
UNCH
0.010
—
0.020
UNCH
0.025
-0.030
0.010
0.050
0.020
-0.020
15
62.9
1
393.9
64.1
2
803.8
13.6
2120.9
921.4
77.1
8
—
1.8
10.2
10.2
—
4985.4
1574.2
8.2
65.2
351.5
4857.9
—
—
70
—
1
132.6
—
339.8
12
1
—
398
10.5
178.2
24.1
110
229.3
48.4
48.3
5592
1643
1287
5517
GCE
LANDMRK
PMHLDG
SHANG
0.695
1.030
0.230
6.220
—
UNCH
UNCH
UNCH
—
540
414.4
20
7031
5195
0051
7204
8338
0029
4456
5162
0065
0090
0021
0082
0056
7022
5028
0166
9393
5161
9334
AMTEL
CENSOF
CUSCAPI
D&O
DATAPRP
DIGISTA
DNEX
ECS
EFORCE
ELSOFT
GHLSYS
GPACKET
GRANFLO
GTRONIC
HTPADU
INARI
ITRONIC
JCY
KESM
0.900
0.260
0.155
0.290
0.185
0.200
0.230
1.360
0.620
1.690
0.925
0.230
0.275
5.700
0.625
3.140
0.135
0.665
3.860
—
0.010
0.005
0.005
0.015
UNCH
0.005
0.060
0.010
0.070
0.055
0.010
0.005
0.080
0.020
0.250
—
0.030
0.190
—
1613.6
354
303
189.8
215
960
182.2
591.9
219.6
6796.9
921.2
410
1250
10
5681.9
—
7170
130.2
2.48
0.08
148.5
0.000
—
19.530 16.83
0.000 27.12
0.000 50.81
0.938 17.00
0.000 25.94
0.485
4.50
0.000 14.25
4.456 26.63
10.947 22.42
1.050 35.71
0.740 23.35
—
—
2.617 16.36
3.367 31.21
0.880
—
— 36.25
5.619 61.28
24.513 27.25
0.000 54.56
2.598 12.58
3.488 216.67
3.678 24.61
—
—
—
—
1.055 20.04
— 28.93
0.000
—
0.343
—
—
—
0.811
—
4.119 36.59
3.230 33.26
—
—
6.100 20.15
2.550 10.46
0.981 24.39
1.861 24.19
0.000
6.76
2.804 35.34
1.000 25.35
26.600 22.43
1.226
2.00
3.33
0.49
—
2.60
1.82
—
3.65
6.45
0.73
0.69
2.73
8.89
5.00
1.78
1.56
—
4.10
2.62
0.33
5.20
—
3.54
3.07
—
2.17
0.36
1.55
—
—
—
2.67
0.79
—
1.25
4.69
2.52
1.48
6.92
1.22
2.77
1.47
120.0
7,864.6
766.7
2,000.0
245.2
804.0
355.4
1,162.2
5,654.6
7,463.0
323.2
197.3
166.9
1,760.0
2,976.4
294.5
277.3
25,966.4
22,438.9
192.7
779.5
731.3
3,600.9
508.0
131.3
180.8
336.0
316.6
36.7
310.4
709.2
243.2
193.7
74.8
1,759.9
537.6
881.6
1,193.2
517.6
2,779.3
1,207.0
5,648.8
—
—
—
35.56
2.88
—
—
1.93
136.9
495.2
213.6
2,736.8
— 58.06
0.579 14.86
0.378
—
0.310 116.00
0.255
—
0.230
—
0.264 16.67
1.201
7.21
0.509 14.80
0.652 12.94
0.796 68.01
0.462
2.08
0.276 11.96
3.122 23.51
0.718
—
1.542 13.23
—
—
0.574
8.83
2.047 12.52
4.44
—
—
—
—
—
—
4.41
3.23
4.14
—
—
3.64
1.58
3.20
2.33
—
6.77
0.78
44.3
126.5
67.5
283.7
70.9
92.7
178.3
244.8
128.2
306.1
597.4
158.8
132.9
1,604.6
63.3
2,290.9
13.9
1,371.7
166.0
—
1.097
0.065
6.645
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
0.150 0.045 0.085
0.070
7.250 4.022 6.250
6.040
1.950 1.040 1.060
1.050
0.705 0.340 0.415
0.405
0.780 0.480 0.585
0.550
0.425 0.280 0.305
0.290
0.915 0.315 0.785
0.760
0.510 0.200 0.295
0.280
0.135 0.045 0.080
0.075
2.640 1.165 1.810
1.690
3.805 2.009 3.170
2.830
0.960 0.606 0.795
0.755
INFRASTRUCTURE PROJECT COMPANIES
6.419 4.910 5.100
4.910
4.870 3.303 4.690
4.520
3.740 2.290 2.570
2.520
1.130 0.395 0.410
0.395
6.970 3.997 6.000
5.500
1.670 1.332 1.530
1.510
CLOSED-END FUNDS
2.470 2.170 2.200
2.170
EXCHANGE TRADED FUNDS
1.084 1.030
—
—
1.890 1.690
—
—
1.575 1.010 1.350
1.340
1.910 1.645 1.680
1.660
1.005 0.935 0.965
0.960
1.195 1.040 1.060
1.060
1.065 0.955
—
—
REITS
1.210 0.995 1.020
0.995
1.466 1.254 1.320
1.310
0.938 0.780 0.795
0.780
0.915 0.740 0.820
0.815
1.209 1.120 1.140
1.120
3.624 3.250 3.310
3.250
1.545 1.247 1.340
1.290
1.550 1.365 1.500
1.480
1.340 1.141 1.310
1.280
7.400 6.072 7.050
6.990
1.227 0.995 1.090
1.070
1.537 1.255 1.520
1.430
1.729 1.304 1.520
1.500
1.266 1.088 1.130
1.120
1.634 1.253 1.520
1.490
1.050 0.857 1.030
1.010
SPAC
0.690 0.605 0.665
0.660
0.765 0.565 0.600
0.595
0.530 0.390 0.430
0.425
CODE
COUNTER
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0143
3867
5011
0083
9008
0041
7160
9075
0118
5005
0097
0008
KEYASIC
MPI
MSNIAGA
NOTION
OMESTI
PANPAGE
PENTA
THETA
TRIVE
UNISEM
VITROX
WILLOW
0.070
6.130
1.060
0.415
0.580
0.305
0.785
0.295
0.080
1.770
3.110
0.765
-0.015
66.3
0.080
292.9
0.020
6.8
0.005
148.9
0.030
444.6
0.010
172.4
0.035
7112
UNCH
11
0.005 1101.3
0.060 22868.5
0.280
319.5
0.015
610.2
0.000
3.211
2.180
0.678
0.784
0.350
0.213
0.000
0.070
0.871
1.148
0.672
—
14.04
—
—
—
—
11.61
—
—
11.61
13.28
10.67
—
3.26
9.43
2.41
—
—
—
—
—
3.95
0.80
2.61
56.4
1,286.6
64.0
112.2
225.0
73.6
104.6
31.6
79.9
1,292.7
725.9
189.7
6947
6645
6807
5078
5031
6742
DIGI
LITRAK
PUNCAK
SILKHLD
TIMECOM
YTLPOWR
5.060
4.640
2.540
0.410
6.000
1.510
0.010 12544.3
0.190
737.7
0.040
286
UNCH
45
0.370
630.7
-0.010 3510.4
4.873
4.200
3.375
0.385
3.903
1.947
19.77
17.34
—
—
17.11
8.69
5.02
4.31
—
—
0.93
6.62
39,341.5
2,405.2
1,061.8
287.6
3,453.6
11,210.9
5108
ICAP
2.180
-0.020
35
2.360
29.11
—
305.2
0800EA
0822EA
0823EA
0820EA
0825EA
0821EA
0824EA
ABFMY1
CIMBA40
CIMBC50
FBMKLCI-EA
METFSID
MYETFDJ
MYETFID
1.048
1.720
1.350
1.680
0.960
1.060
0.955
—
—
0.010
0.035
UNCH
-0.010
—
—
—
49
3.7
52
1
—
—
—
1.035
0.000
0.000
1.168
—
—
—
—
—
—
—
—
5.42
3.64
—
1.70
—
3.11
2.36
720.9
2.3
18.4
2.8
21.1
267.0
20.6
4952
5116
5120
5127
5130
5106
5180
5121
5227
5235SS
5123
5212
5176
5111
5110
5109
AHP
ALAQAR
AMFIRST
ARREIT
ATRIUM
AXREIT
CMMT
HEKTAR
IGBREIT
KLCC
MQREIT
PAVREIT
SUNREIT
TWRREIT
UOAREIT
YTLREIT
1.020
1.320
0.780
0.820
1.130
3.300
1.300
1.500
1.300
7.000
1.080
1.520
1.510
1.120
1.500
1.030
0.020
0.020
-0.020
-0.005
UNCH
UNCH
0.020
0.020
0.010
0.010
-0.010
0.080
0.010
-0.010
-0.020
UNCH
124.8
14.3
1100.4
155
39.5
92.3
2782
95
1255.7
1048.3
253
1246.8
4059.5
95
85.3
635.6
1.000
1.330
1.019
1.030
0.000
3.340
1.427
1.520
1.216
5.970
1.180
1.300
1.264
1.509
0.000
1.033
31.10
12.83
13.95
4.38
8.14
13.64
10.48
11.78
13.27
13.15
10.08
8.84
8.19
6.77
12.86
7.45
7.06
5.80
7.09
7.56
8.23
5.32
6.92
7.00
6.44
4.80
7.76
5.40
5.78
5.71
7.37
7.74
102.0
919.0
535.4
470.0
137.6
1,807.6
2,624.2
601.0
4,505.3
12,637.3
714.3
4,584.2
4,436.0
314.2
634.3
1,364.1
CLIQ
REACH
SONA
0.665
0.600
0.430
0.005
UNCH
0.005
271.8
1278
3106.2
0.675
0.000
0.440
—
—
—
—
—
—
419.6
766.7
606.6
CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
382
1803
2547.9
8585.8
8122.3
2401.1
1792.2
520.2
117.6
1051
130
914
2612.5
408.7
6781.8
389.4
10
1148.1
218.8
0.000
0.128
0.315
0.149
0.000
0.082
0.000
0.140
0.214
0.305
0.196
0.146
0.180
0.122
0.080
0.000
0.222
0.470
0.145
76.92
47.22
36.90
—
10.00
—
11.48
—
—
21.15
—
—
16.25
—
12.73
35.00
—
—
47.50
1.25
—
0.37
—
—
—
0.80
—
—
4.55
—
—
1.54
—
—
—
—
—
—
52.7
36.8
168.3
49.7
59.1
36.0
126.6
26.7
23.7
117.3
37.5
22.8
87.0
18.8
80.1
25.5
75.8
43.1
29.6
5234
5256
5241
Ace Market
YEAR
HIGH
YEAR
LOW
DAY
HIGH
INDUSTRIAL PRODUCTS
0.790 0.210 0.630
0.150 0.080 0.085
0.590 0.209 0.480
0.320 0.135 0.235
0.370 0.145 0.300
0.093 0.040 0.045
0.530 0.243 0.415
0.220 0.075 0.085
0.745 0.165 0.175
0.250 0.105 0.115
0.285 0.140 0.155
0.180 0.075 0.090
0.435 0.235 0.395
0.195 0.115 0.135
0.160 0.065 0.075
0.180 0.090 0.110
0.320 0.150 0.150
0.460 0.185 0.200
0.250 0.150 0.200
TECHNOLOGY
0.290 0.130 0.185
1.600 0.300 0.660
0.015 0.005
—
1.160 0.800 0.900
0.395 0.200 0.210
0.120 0.015 0.055
0.150 0.060 0.070
0.145 0.055 0.065
0.163 0.075 0.080
0.430 0.220 0.285
0.145 0.060 0.065
0.260 0.110 0.150
0.070 0.030 0.050
0.195 0.095 0.110
0.155 0.069 0.140
1.854 0.228 0.815
0.095 0.045 0.065
0.230 0.085 0.145
0.241 0.100 0.115
0.435 0.210 0.225
0.700 0.443
—
0.565 0.120 0.425
0.670 0.228 0.255
0.085 0.050 0.050
0.415 0.110 0.190
0.265 0.125 0.160
0.160 0.065 0.080
0.660 0.360 0.600
1.950 0.500 1.400
0.469 0.188 0.365
0.115 0.080
—
0.890 0.354 0.715
0.380 0.220 0.235
0.365 0.175 0.245
0.280 0.115
—
0.950 0.720
—
0.090 0.035 0.040
0.155 0.055 0.085
0.250 0.095 0.125
0.420 0.120 0.330
1.340 0.500 0.715
0.463 0.262 0.380
0.070 0.030 0.045
0.430 0.100 0.240
0.213 0.090 0.100
0.530 0.288 0.410
0.165 0.030 0.060
0.660 0.395 0.560
0.945 0.235 0.255
0.175 0.065 0.105
0.400 0.158 0.340
—
0.255 0.115
0.420 0.110 0.235
0.260 0.110 0.115
0.140 0.080 0.140
0.425 0.170 0.190
0.460 0.095 0.105
0.425 0.055 0.285
0.490 0.120 0.165
0.656 0.495 0.520
TRADING SERVICES
0.280 0.180 0.230
0.200 0.105 0.120
0.260 0.060 0.065
0.358 0.194 0.255
0.348 0.255 0.260
0.840 0.370 0.410
0.450 0.280
—
0.280 0.100 0.215
0.240 0.170
—
0.385 0.120 0.150
0.460 0.270
—
0.330 0.136 0.215
0.055 0.010 0.015
0.240 0.130 0.150
0.900 0.620 0.660
1.650 0.590 0.600
2.670 1.105 2.220
0.313 0.192 0.235
0.570 0.325 0.340
0.680 0.460
—
0.255 0.110
—
0.065 0.035 0.035
0.115 0.045 0.065
FINANCE
0.730 0.435
—
DAY
LOW
CODE
COUNTER
0.600
0.085
0.415
0.230
0.285
0.045
0.390
0.080
0.170
0.110
0.140
0.085
0.385
0.115
0.070
0.100
0.150
0.190
0.190
0105
0072
0163
0102
0100
0109
0175
0160
0162
0024
0025
0070
0049
0038
0133
0001
0028
0055
0084
ASIAPLY
AT
CAREPLS
CONNECT
ESCERAM
FLONIC
HHGROUP
HHHCORP
IJACOBS
JAG
LNGRES
MQTECH
OCNCASH
PTB
SANICHI
SCOMNET
SCOPE
SERSOL
TECFAST
0.600
0.085
0.465
0.230
0.300
0.045
0.410
0.080
0.175
0.110
0.155
0.090
0.390
0.125
0.070
0.105
0.150
0.200
0.190
0.010
Unch
0.055
0.005
0.020
Unch
0.020
0.005
0.010
Unch
0.005
Unch
0.005
0.010
0.005
Unch
-0.005
0.010
Unch
0.175
0.565
—
0.870
0.205
0.050
0.065
0.065
0.075
0.275
0.060
0.140
0.045
0.100
0.135
0.770
0.065
0.135
0.110
0.215
—
0.370
0.240
0.050
0.175
0.130
0.070
0.600
1.200
0.350
—
0.670
0.225
0.230
—
—
0.035
0.080
0.115
0.305
0.690
0.370
0.040
0.225
0.095
0.400
0.055
0.525
0.240
0.100
0.320
—
0.225
0.110
0.130
0.170
0.100
0.265
0.155
0.495
0119
0068
0039
0098
0079
0022
0152
0131
0154
0107
0116
0104
0045
0074
0174
0023
0034
0094
0069
0010
0146
0127
0111
0036
0176
0017
0075
0155
0126
0112
0085
0113
0103
0156
0092
0108
0020
0096
0026
0018
0035
0040
0005
0123
0007
0106
0135
0178
0117
0169
0093
0129
0050
0132
0060
0120
0066
0141
0086
0009
APPASIA
ASDION
ASIAEP
BAHVEST
CWORKS
CYBERT
DGB
DGSB
EAH
EDUSPEC
FOCUS
GENETEC
GNB
GOCEAN
IDMENSN
IFCAMSC
INGENCO
INIX
INSTACO
IRIS
JFTECH
JHM
K1
KGROUP
KRONO
M3TECH
MEXTER
MGRC
MICROLN
MIKROMB
MLAB
MMSV
MNC
MPAY
MTOUCHE
N2N
NETX
NEXGRAM
NOVAMSC
OMEDIA
OPCOM
OPENSYS
PALETTE
PRIVA
PUC
REXIT
SCN
SEDANIA
SMRT
SMTRACK
SOLUTN
SRIDGE
SYSTECH
TDEX
TMS
VIS
VSOLAR
WINTONI
YGL
YTLE
0.175
0.625
0.010
0.900
0.210
0.050
0.070
0.065
0.080
0.280
0.065
0.145
0.050
0.110
0.140
0.810
0.065
0.145
0.115
0.220
0.550
0.425
0.250
0.050
0.190
0.145
0.080
0.600
1.390
0.365
0.080
0.715
0.235
0.245
0.130
0.765
0.040
0.080
0.115
0.330
0.700
0.375
0.045
0.240
0.095
0.400
0.060
0.545
0.250
0.100
0.330
0.115
0.230
0.115
0.140
0.190
0.105
0.285
0.165
0.520
-0.005
230
-0.025
355.6
—
—
0.030
44
0.010
98
Unch
2638
Unch
397.2
Unch
250
Unch 2369.5
0.005
298
Unch 7708.6
0.005 2833.9
Unch
125
0.010
85
Unch
39571
0.050 33083.5
Unch
520.5
0.010
404.9
0.005
805
0.005 7399.6
—
—
0.060 1601.6
0.005 5828.1
Unch
29
0.010 2656.2
-0.015
120.1
0.015
115.1
-0.020
10
0.200
747.1
0.015 1692.6
—
—
0.055 1939.3
0.010
52.5
0.015 5562.8
—
—
—
—
Unch 6070.5
Unch
1126
0.005 4882.9
0.025
61.8
0.015
762.2
0.005 3186.5
0.005
200.1
0.015 8103.5
-0.005
11321
0.010
35
0.010 1117.3
0.005
437.9
0.010 1239.5
Unch 2237.6
0.010 4343.6
—
—
0.010 1456.8
Unch
320
0.005 23953.7
0.020
741.9
Unch 6281.8
0.025 3397.3
0.010
475.7
0.025
26.2
0.111
—
0.460
—
—
—
1.193
—
0.185
—
0.070 13.51
0.216
—
0.073 17.11
0.208 32.00
0.126 73.68
0.075
—
0.130 11.51
0.060
9.09
0.169
—
0.123
—
0.085 12.92
0.079
—
0.146
—
0.262
—
0.275
—
— 26.57
0.000 96.59
0.327 10.50
0.066
—
0.000
2.87
0.185
—
0.100
—
0.420 16.67
0.000 24.43
0.260 13.18
—
—
0.203 10.27
0.335 52.22
0.115 144.12
—
—
— 41.13
0.070
—
0.088 17.39
0.070 39.66
0.000
—
0.745 18.13
0.170 12.21
0.047
—
0.100 20.87
0.221 11.31
0.402 16.95
0.000
—
0.000 13.63
0.224 10.42
0.100
—
0.322 14.04
—
—
0.105 23.47
0.121
—
0.066
—
0.585 14.96
0.000
—
0.060 31.67
0.000
—
0.630 19.55
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.23
—
—
—
—
1.36
—
2.00
—
—
—
—
—
2.16
3.29
—
2.80
—
—
—
2.88
—
—
—
—
1.43
2.67
—
1.04
—
8.75
—
—
—
—
3.03
—
2.61
—
—
—
—
—
—
7.69
49.2
72.6
8.1
382.8
25.4
5.0
34.2
88.1
119.3
236.8
45.9
51.0
14.4
29.0
69.3
452.5
62.0
20.2
149.6
448.9
69.3
52.3
108.2
29.0
45.0
26.9
15.7
56.5
211.5
102.9
14.9
116.5
22.2
168.8
30.1
336.7
25.0
150.7
57.3
70.5
112.9
83.8
13.1
134.0
101.3
75.7
12.0
109.0
65.1
28.3
65.0
13.9
73.0
43.2
60.9
21.0
31.9
146.2
29.0
702.0
0.215
0.115
0.060
0.255
0.260
0.370
—
0.210
—
0.130
—
0.200
0.015
0.140
0.630
0.590
2.130
0.220
0.335
—
—
0.035
0.055
0122
0048
0150
0011
0157
0081
0147
0167
0153
0177
0006
0171
0110
0080
0032
0173
0158
0161
0137
0089
0145
0140
0165
AIM
ANCOMLB
ASIABIO
BTECH
FOCUSP
IDEAL
INNITY
MCLEAN
OVERSEA
PASUKGB
PINEAPP
PLABS
RA
RAYA
REDTONE
REV
SCC
SCH
STEMLFE
TEXCYCL
TFP
UTOPIA
XOX
0.215
0.120
0.065
0.255
0.260
0.410
0.365
0.215
0.195
0.145
0.315
0.210
0.015
0.150
0.640
0.600
2.210
0.230
0.335
0.480
0.150
0.035
0.065
-0.005
Unch
Unch
0.005
-0.015
0.040
—
0.005
—
0.015
—
0.010
0.005
Unch
0.015
Unch
0.090
0.010
-0.015
—
—
Unch
0.005
10
186
1595.3
11
40
236.4
—
50
—
1458.8
—
1681.9
20
53
256
10.8
5.2
1410.1
47
—
—
724
225.3
0.000
0.190
0.103
0.165
0.285
0.078
—
0.000
—
0.165
—
0.150
0.050
0.000
0.695
0.681
1.000
0.000
0.399
—
—
0.077
0.164
—
—
—
12.38
18.84
10.46
73.00
—
81.25
—
38.41
12.00
—
—
28.19
—
13.17
11.39
—
25.53
—
—
14.13
—
—
—
2.47
3.85
—
—
—
3.08
—
—
2.38
—
—
1.72
—
2.26
6.52
8.96
0.52
—
—
—
57.2
56.8
56.3
64.3
42.9
76.1
50.5
25.2
47.8
42.8
15.3
43.4
14.5
19.6
484.5
80.8
94.5
94.8
82.9
82.0
30.8
34.6
21.6
—
0053
OSKVI
0.485
—
—
—
—
4.12
95.6
36 Markets
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I E S
Bursa Malaysia Equity Derivatives
Main Market & Ace Market Warrants
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
0.150
0.025
0.075
0.070
0.130
0.545
0.055
0.155
0.090
0.110
0.160
0.220
0.135
0.090
0.140
0.115
0.120
0.100
0.150
0.065
0.100
0.215
0.145
0.110
0.105
0.100
0.050
0.095
0.195
0.300
0.085
0.205
0.225
0.220
0.085
0.950
0.110
0.085
0.115
0.480
0.760
0.310
0.140
0.275
0.860
0.230
0.285
0.330
0.860
0.080
0.237
0.720
0.450
0.450
0.185
0.280
0.305
0.190
2.100
0.405
0.180
0.045
0.040
0.420
0.040
0.675
0.125
0.140
0.100
0.075
0.095
0.065
0.220
0.095
0.170
0.080
0.235
0.105
0.095
0.550
0.079
0.220
0.120
0.850
0.135
0.325
0.325
0.065
0.855
0.330
0.669
0.680
0.195
0.545
0.435
0.120
0.150
0.290
0.135
0.140
0.730
0.225
0.970
1.180
0.080
0.430
0.215
0.735
0.370
0.325
1.050
1.440
0.235
0.775
0.515
0.305
0.295
0.520
0.410
0.845
0.635
0.190
0.185
0.225
0.170
0.135
0.335
0.057
0.040
1.030
0.135
0.695
0.110
0.120
3.100
2.950
0.140
0.230
0.135
0.055
0.320
0.155
0.260
0.219
3.840
0.145
0.160
0.855
0.240
0.145
1.140
0.370
0.555
0.750
1.760
0.100
0.180
0.190
0.145
0.170
3.200
0.005
0.005
0.005
0.045
0.040
0.205
0.005
0.125
0.040
0.005
0.070
0.005
0.005
0.005
0.005
0.010
0.005
0.005
0.060
0.030
0.010
0.200
0.115
0.025
0.005
0.015
0.010
0.035
0.095
0.155
0.085
0.045
0.130
0.085
0.085
0.110
0.020
0.040
0.035
0.200
0.325
0.095
0.020
0.110
0.300
0.100
0.035
0.060
0.415
0.030
0.050
0.290
0.110
0.100
0.105
0.040
0.155
0.115
0.200
0.200
0.070
0.010
0.005
0.170
0.020
0.285
0.025
0.030
0.020
0.035
0.005
0.035
0.035
0.025
0.070
0.025
0.110
0.020
0.055
0.210
0.025
0.100
0.045
0.305
0.050
0.105
0.115
0.020
0.100
0.140
0.305
0.140
0.085
0.210
0.165
0.065
0.060
0.250
0.080
0.015
0.075
0.040
0.080
0.195
0.025
0.025
0.015
0.325
0.305
0.050
0.340
0.500
0.040
0.250
0.165
0.080
0.085
0.200
0.160
0.515
0.370
0.100
0.075
0.085
0.050
0.090
0.140
0.015
0.015
0.310
0.030
0.190
0.035
0.030
1.900
0.730
0.035
0.150
0.035
0.030
0.030
0.070
0.090
0.075
1.820
0.130
0.005
0.625
0.150
0.040
0.440
0.160
0.170
0.255
0.190
0.050
0.050
0.095
0.075
0.050
1.567
—
—
—
0.050
—
—
—
—
—
0.010
0.090
—
—
—
—
—
0.005
0.010
0.070
—
—
—
—
—
—
0.020
0.010
0.055
—
0.165
—
—
—
—
—
0.345
0.025
0.040
0.035
0.225
0.370
0.205
0.025
0.125
0.460
0.105
0.155
0.155
0.490
0.035
0.185
0.320
0.130
0.140
0.120
0.175
0.185
0.135
0.230
0.270
0.145
0.015
0.005
0.185
0.025
0.345
0.030
0.035
0.025
0.040
0.005
0.040
0.090
0.040
0.080
0.035
0.140
0.025
0.060
0.225
0.030
0.130
0.050
0.450
0.065
0.185
0.310
0.030
0.195
0.200
0.375
0.395
0.095
0.270
0.215
0.075
0.110
0.290
0.100
0.025
0.095
0.055
0.120
0.275
0.030
0.025
0.025
0.385
0.360
0.295
1.000
1.340
0.210
0.730
0.460
0.280
0.265
0.485
0.390
0.790
0.595
0.160
0.170
0.200
0.105
0.090
0.150
0.020
0.020
0.360
0.040
0.210
0.045
0.050
1.950
0.780
0.035
0.155
0.035
0.030
0.220
0.070
0.105
0.090
3.600
0.145
0.060
0.700
0.160
0.050
0.520
0.280
0.250
0.290
0.710
0.060
0.050
0.100
0.075
0.085
2.800
—
—
—
0.050
—
—
—
—
—
0.005
0.080
—
—
—
—
—
0.005
0.010
0.060
—
—
—
—
—
—
0.020
0.010
0.045
—
0.165
—
—
—
—
—
0.300
0.025
0.040
0.035
0.225
0.355
0.185
0.025
0.110
0.400
0.105
0.120
0.130
0.440
0.030
0.175
0.290
0.110
0.135
0.115
0.175
0.160
0.130
0.220
0.255
0.125
0.015
0.005
0.170
0.025
0.320
0.025
0.030
0.020
0.040
0.005
0.035
0.075
0.030
0.080
0.030
0.125
0.025
0.055
0.210
0.030
0.100
0.045
0.425
0.055
0.180
0.300
0.030
0.100
0.200
0.340
0.345
0.095
0.230
0.180
0.065
0.085
0.270
0.080
0.020
0.080
0.045
0.100
0.215
0.025
0.025
0.020
0.350
0.330
0.260
0.935
1.310
0.175
0.665
0.410
0.270
0.240
0.450
0.355
0.750
0.560
0.155
0.125
0.175
0.100
0.090
0.140
0.020
0.020
0.350
0.040
0.200
0.045
0.050
1.950
0.730
0.035
0.150
0.035
0.030
0.220
0.070
0.090
0.075
3.560
0.145
0.050
0.645
0.150
0.050
0.460
0.270
0.240
0.270
0.665
0.055
0.050
0.095
0.075
0.060
2.760
5238CR
5238CS
5238CT
5238WA
7086WA
7061WB
6599CC
6599CD
6599CE
5185CS
7315WB
509913
509915
509916
509917
509919
509920
509921
509922
509923
5014CL
5014CM
5014CN
5014CO
1015CU
1015CV
0159WA
5194WA
0119WA
52812
7007WB
5210C2
5210C3
5210C4
5210C5
0068WB
0150WA
0072WA
6888C4
7078WA
5258WA
6998WA
3395CW
3395WB
7036WB
9938WB
7188WA
7188WB
7174WA
5229WA
0163WA
7076WA
5195WA
5195WB
1023C6
2852CJ
2852CL
2852CM
5071WA
2127WA
0102WA
5214WA
7179WA
7212WA
0152WA
7277WA
6947C3
6947C5
7198WA
7198WB
161910
161915
5216CB
5216CC
5216CD
5216CE
5216CF
3417CY
3417CZ
3417WB
0154WB
3557WC
8206CB
8206WA
1368CC
0107WA
0065WA
7182WA
6076WA
7149WA
5056WA
7249WA
7047WB
0650C1
0650C2
0650C3
0650C4
0650C7
0650C8
0650CN
0650CO
0650CR
0650CS
0650CT
0650CV
0650CW
0650CX
0650CZ
0650H1
0650HG
0650HH
0650HI
0650HK
0650HL
0650HM
0650HN
0650HO
0650HP
0650HQ
0650HS
0650HT
0650HU
0650HV
0650HW
8605WB
5222C6
9318WB
0109WA
0109WB
9261WA
539818
5226WA
0078CB
4715C9
2291WA
3182WA
318222
1147WA
0074WA
7096WA
7022CB
7022CE
7022CF
7676WB
3034WA
5168CO
9342WA
5095WB
3301CG
3301HA
5169WA
7213WB
4251WA
0081WA
0023WA
5225CW
3336CV
0166CF
0166CG
0166CH
0166WA
WARRANTS
AAX-CR
AAX-CS
AAX-CT
AAX-WA
ABLEGRP-WA
ABRIC-WB
AEON-CC
AEON-CD
AEON-CE
AFFIN-CS
AHB-WB
AIRASIAC13
AIRASIAC15
AIRASIAC16
AIRASIAC17
AIRASIAC19
AIRASIAC20
AIRASIAC21
AIRASIAC22
AIRASIAC23
AIRPORT-CL
AIRPORT-CM
AIRPORT-CN
AIRPORT-CO
AMBANK-CU
AMBANK-CV
AMEDIA-WA
APFT-WA
APPASIA-WA
APPLE-C12
ARK-WB
ARMADA-C2
ARMADA-C3
ARMADA-C4
ARMADA-C5
ASDION-WB
ASIABIO-WA
AT-WA
AXIATA-C4
AZRB-WA
BIMB-WA
BINTAI-WA
BJCORP-CW
BJCORP-WB
BORNOIL-WB
BRIGHT-WB
BTM-WA
BTM-WB
CAB-WA
CAP-WA
CAREPLS-WA
CBIP-WA
CENSOF-WA
CENSOF-WB
CIMB-C6
CMSB-CJ
CMSB-CL
CMSB-CM
COASTAL-WA
COMFORT-WA
CONNECT-WA
CSL-WA
DBE-WA
DESTINI-WA
DGB-WA
DIALOG-WA
DIGI-C3
DIGI-C5
DPS-WA
DPS-WB
DRBHCOMC10
DRBHCOMC15
DSONIC-CB
DSONIC-CC
DSONIC-CD
DSONIC-CE
DSONIC-CF
E&O-CY
E&O-CZ
E&O-WB
EAH-WB
ECOFIRS-WC
ECOWLD-CB
ECOWLD-WA
EDGENTA-CC
EDUSPEC-WA
EFORCE-WA
EKA-WA
ENCORP-WA
ENGKAH-WA
ENGTEX-WA
EWEIN-WA
FAJAR-WB
FBMKLCI-C1
FBMKLCI-C2
FBMKLCI-C3
FBMKLCI-C4
FBMKLCI-C7
FBMKLCI-C8
FBMKLCI-CN
FBMKLCI-CO
FBMKLCI-CR
FBMKLCI-CS
FBMKLCI-CT
FBMKLCI-CV
FBMKLCI-CW
FBMKLCI-CX
FBMKLCI-CZ
FBMKLCI-H1
FBMKLCI-HG
FBMKLCI-HH
FBMKLCI-HI
FBMKLCI-HK
FBMKLCI-HL
FBMKLCI-HM
FBMKLCI-HN
FBMKLCI-HO
FBMKLCI-HP
FBMKLCI-HQ
FBMKLCI-HS
FBMKLCI-HT
FBMKLCI-HU
FBMKLCI-HV
FBMKLCI-HW
FFHB-WB
FGV-C6
FITTERS-WB
FLONIC-WA
FLONIC-WB
GADANG-WA
GAMUDA-C18
GBGAQRS-WA
GDEX-CB
GENM-C9
GENP-WA
GENTING-WA
GENTINGC22
GOB-WA
GOCEAN-WA
GPA-WA
GTRONIC-CB
GTRONIC-CE
GTRONIC-CF
GUNUNG-WB
HAPSENG-WA
HARTA-CO
HARVEST-WA
HEVEA-WB
HLIND-CG
HLIND-HA
HOHUP-WA
HOVID-WB
IBHD-WA
IDEAL-WA
IFCAMSC-WA
IHH-CW
IJM-CV
INARI-CF
INARI-CG
INARI-CH
INARI-WA
CLOSE
(RM)
+/(RM)
0.005
0.005
0.005
0.050
0.045
0.215
0.005
0.125
0.050
0.010
0.090
0.005
0.005
0.005
0.005
0.010
0.005
0.010
0.070
0.030
0.010
0.200
0.115
0.035
0.005
0.020
0.010
0.055
0.130
0.165
0.085
0.045
0.130
0.130
0.085
0.300
0.025
0.040
0.035
0.225
0.370
0.205
0.025
0.120
0.450
0.105
0.145
0.145
0.490
0.035
0.180
0.320
0.130
0.140
0.120
0.175
0.185
0.135
0.225
0.265
0.140
0.015
0.005
0.180
0.025
0.330
0.030
0.035
0.025
0.040
0.005
0.040
0.085
0.040
0.080
0.035
0.140
0.025
0.060
0.210
0.030
0.130
0.045
0.445
0.065
0.180
0.310
0.030
0.195
0.200
0.365
0.365
0.095
0.255
0.195
0.065
0.100
0.290
0.095
0.025
0.080
0.055
0.110
0.240
0.030
0.025
0.020
0.380
0.335
0.275
0.935
1.310
0.200
0.680
0.435
0.270
0.255
0.475
0.365
0.760
0.565
0.155
0.140
0.195
0.105
0.090
0.140
0.020
0.020
0.350
0.040
0.205
0.045
0.050
1.950
0.740
0.035
0.155
0.035
0.030
0.220
0.070
0.105
0.090
3.600
0.145
0.050
0.695
0.150
0.050
0.460
0.280
0.250
0.270
0.710
0.055
0.050
0.100
0.075
0.085
2.800
—
—
—
Unch
—
—
—
—
—
Unch
0.005
—
—
—
—
—
Unch
Unch
0.005
—
—
—
—
—
—
0.005
Unch
Unch
—
0.010
—
—
—
—
—
-0.040
Unch
Unch
-0.015
0.005
0.015
0.015
0.005
Unch
-0.020
-0.010
0.005
0.005
0.005
Unch
0.005
0.015
Unch
-0.005
0.015
-0.005
0.030
-0.035
0.005
0.010
0.020
0.005
Unch
Unch
Unch
0.010
0.005
0.005
0.005
0.005
Unch
0.005
0.010
0.010
0.010
0.005
0.025
-0.020
-0.035
Unch
Unch
0.010
-0.075
0.015
0.010
Unch
0.015
Unch
-0.015
-0.070
0.020
0.050
-0.010
0.030
0.005
-0.010
0.020
0.030
0.010
0.010
-0.005
0.010
0.015
Unch
0.005
Unch
0.005
0.035
-0.020
-0.010
-0.075
-0.060
-0.005
-0.045
-0.040
-0.005
-0.030
-0.005
-0.030
-0.050
-0.040
-0.005
-0.015
Unch
0.005
-0.025
Unch
Unch
Unch
Unch
0.010
-0.010
0.010
0.020
0.030
-0.005
-0.005
0.005
Unch
Unch
0.030
-0.005
0.005
-0.005
Unch
0.005
-0.010
0.045
-0.090
-0.010
0.015
0.010
0.015
0.005
0.050
-0.020
Unch
-0.050
-0.005
0.025
Unch
VOL PARENT
EXE
(‘000)
PRICE PRICE
—
—
—
5733.5
—
—
—
—
—
400
100.1
—
—
—
—
—
70
150
520
—
—
—
—
—
—
106
1717.1
318.1
—
20
—
—
—
—
—
530.5
55.5
915
10.5
15
462.6
4434.5
512
580.3
55.4
6.6
4541.5
1333.2
4.3
6985.5
5239.5
233.4
50.1
165
60
20
958.3
110
80
721
3180.1
6
100
652.5
200
265.9
133.5
3280.7
10
290
130.1
6800
2472.8
2884.4
10
9784.7
42
10
400
188.5
34.6
24.5
735
205
920
1006
697
50
37
0.9
1293.1
1029
16
8055.1
4821.1
172.4
9748.6
1688.5
13095
1201.4
816.5
8725.3
3519.8
4132.5
140
150
140
10660
265
17432.7
52
26.5
40337.2
153.2
8289.5
105
894.7
634
807.5
1998.7
3975.6
170
4886.5
6487.8
60.3
200
108.2
1842
1027.8
19.8
20
386.5
600
40
5
759.5
100
22.5
2.5
847
10
14
950
40
9.2
30
71.5
4187.6
230
60
5.7
4595.6
40
240
5080.8
74.6
55
200
62
4481.4
60.7
0.190 0.531
0.190 0.563
0.190 0.402
0.190 0.460
0.120 0.150
0.515 0.300
2.800 4.000
2.800 3.000
2.800 3.150
2.330 2.750
0.190 0.200
1.200 2.500
1.200 2.700
1.200 3.000
1.200 2.700
1.200 2.500
1.200 2.500
1.200 2.300
1.200 1.650
1.200 1.800
4.910 7.095
4.910 6.622
4.910 7.000
4.910 6.800
5.190 7.000
5.190 6.000
0.025 0.250
0.235 0.400
0.175 0.130
465.50 404.18
0.330 1.000
0.970 1.000
0.970 0.980
0.970 1.200
0.970 1.200
0.625 0.500
0.065 0.100
0.085 0.120
5.910 6.400
0.590 0.700
3.990 4.720
0.300 0.200
0.370 0.400
0.370 1.000
0.580 0.100
0.400 0.820
0.285 0.940
0.285 0.200
1.050 0.550
0.285 1.415
0.465 0.320
1.760 2.400
0.260 0.460
0.260 0.460
5.080 5.400
5.250 4.050
5.250 4.900
5.250 5.200
1.950 3.180
0.765 0.500
0.230 0.100
0.080 1.150
0.050 0.100
0.575 0.400
0.070 0.110
1.520 1.190
5.060 5.600
5.060 6.200
0.075 0.540
0.075 0.100
1.360 1.880
1.360 1.750
1.120 1.250
1.120 1.250
1.120 1.180
1.120 1.450
1.120 1.000
1.640 2.000
1.640 1.850
1.640 2.600
0.080 0.120
0.265 0.300
1.350 1.680
1.350 2.080
3.200 3.900
0.280 0.180
0.620 0.680
0.150 0.200
0.920 1.000
2.050 3.500
1.070 0.830
0.715 0.610
0.390 0.700
1,621 1,740
1,621 1,800
1,621 1,708
1,621 1,700
1,621 1,650
1,621 1,720
1,621 1,800
1,621 1,780
1,621 1,730
1,621 1,720
1,621 1,660
1,621 1,808
1,621 1,920
1,621 1,800
1,621 1,680
1,621 1,720
1,621 1,800
1,621 1,800
1,621 1,880
1,621 1,735
1,621 1,740
1,621 1,680
1,621 1,788
1,621 1,808
1,621 1,850
1,621 1,800
1,621 1,720
1,621 1,660
1,621 1,688
1,621 1,658
1,621 1,700
0.540 0.500
1.550 1.500
0.510 1.000
0.045 0.050
0.045 0.050
1.370 1.000
4.350 4.600
0.940 1.300
1.170 1.500
3.940 3.800
9.620 7.750
7.620 7.960
7.620 8.600
0.480 0.800
0.110 0.340
0.090 0.100
5.700 4.400
5.700 6.100
5.700 6.500
0.405 0.400
5.360 1.650
8.120 7.480
0.195 0.250
0.925 0.250
5.000 5.300
5.000 4.080
0.925 0.600
0.455 0.180
0.555 1.410
0.410 0.100
0.810 0.100
5.700 6.000
6.310 6.700
3.140 3.300
3.140 3.380
3.140 3.400
3.140 0.330
PR’M
(%)
181.48
198.43
114.17
168.42
62.50
0.00
43.75
25.00
17.86
19.31
52.63
109.58
126.67
151.67
126.67
111.67
109.17
94.17
49.17
56.25
46.24
54.14
60.30
41.34
35.45
17.92
940.00
93.62
48.57
4.55
228.79
12.37
21.13
37.11
45.62
28.00
92.31
88.24
10.07
56.78
27.57
35.00
13.18
202.70
-5.17
131.25
280.70
21.05
-0.95
408.65
7.53
54.55
126.92
130.77
16.93
0.48
9.54
17.05
74.62
0.00
4.35
1,356
110.00
0.87
92.86
0.00
15.42
24.95
653.33
86.67
39.71
35.44
22.99
23.04
23.21
39.46
14.29
26.52
23.78
71.34
87.50
62.26
32.78
87.04
31.02
28.57
59.68
53.33
29.89
80.49
11.68
36.36
103.85
10.45
13.41
10.99
8.95
5.83
8.40
12.03
10.75
8.94
7.42
5.33
13.77
18.71
11.62
8.29
14.29
22.31
22.53
32.09
15.21
15.69
8.97
21.97
24.13
28.73
22.26
15.45
9.34
11.80
9.21
12.86
12.04
14.19
123.53
55.56
55.56
-1.46
12.18
60.11
35.90
4.06
0.83
14.17
17.45
98.96
240.91
44.44
0.35
14.39
21.40
20.99
-2.05
6.40
53.85
2.16
19.50
-8.40
14.59
1.10
199.10
-9.76
0.00
11.05
10.94
21.02
21.97
20.46
-0.32
EXPIRY
DATE
30/12/2015
09/12/2015
01/10/2015
08/06/2020
19/01/2017
07/04/2016
28/08/2015
11/12/2015
30/06/2016
31/12/2015
28/08/2019
17/09/2015
22/10/2015
22/10/2015
30/12/2015
29/02/2016
01/12/2015
19/02/2016
29/04/2016
29/01/2016
30/09/2015
22/10/2015
11/12/2015
30/06/2016
17/09/2015
31/03/2016
02/01/2018
13/07/2018
23/12/2024
27/11/2015
30/06/2021
22/10/2015
25/01/2016
15/01/2016
29/01/2016
24/03/2019
19/04/2024
29/01/2019
29/07/2016
13/05/2024
04/12/2023
15/06/2020
09/12/2015
22/04/2022
28/02/2018
12/01/2019
20/12/2019
23/10/2024
08/02/2020
29/12/2016
09/08/2016
06/11/2019
18/07/2017
07/10/2019
30/12/2015
30/10/2015
02/11/2015
08/06/2016
18/07/2016
18/12/2015
17/09/2021
18/09/2017
22/03/2016
03/10/2016
22/04/2018
10/02/2017
29/01/2016
30/12/2015
03/01/2018
15/01/2025
30/11/2015
29/01/2016
25/01/2016
01/10/2015
28/04/2016
01/12/2015
19/02/2016
15/01/2016
08/06/2016
21/07/2019
24/02/2019
10/09/2019
30/06/2016
26/03/2022
30/12/2015
24/12/2018
17/07/2019
22/01/2019
17/03/2016
25/09/2017
25/10/2017
09/06/2017
24/09/2019
30/12/2015
30/12/2015
30/06/2016
29/07/2016
31/01/2016
31/01/2016
30/11/2015
30/09/2015
29/01/2016
30/09/2015
30/09/2015
31/03/2016
30/09/2015
07/12/2015
30/12/2015
31/01/2016
30/11/2015
30/09/2015
30/09/2015
29/01/2016
30/09/2015
30/09/2015
31/03/2016
31/03/2016
07/12/2015
07/12/2015
30/12/2015
30/12/2015
30/06/2016
30/06/2016
29/07/2016
30/03/2017
29/07/2016
12/10/2019
16/06/2017
06/11/2019
29/09/2015
29/01/2016
20/07/2018
08/06/2016
30/10/2015
17/06/2019
18/12/2018
31/03/2016
24/12/2019
07/08/2019
03/06/2025
28/08/2015
11/03/2016
01/12/2015
02/10/2020
09/08/2016
29/01/2016
19/11/2019
28/02/2020
01/12/2015
29/01/2016
21/12/2018
05/06/2018
08/10/2019
29/04/2019
15/02/2016
29/04/2016
27/11/2015
25/01/2016
28/04/2016
01/12/2015
04/06/2018
YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE
1.640
0.425
0.095
0.090
0.180
0.395
0.165
0.325
0.240
0.180
0.255
0.155
0.430
0.360
0.300
0.370
0.240
1.840
0.040
0.185
0.310
0.045
0.545
0.315
0.373
0.240
0.415
0.390
0.555
0.390
0.745
1.690
0.135
0.950
0.795
0.290
0.075
0.080
0.080
0.150
0.466
0.300
0.080
0.130
0.130
0.450
0.035
0.045
0.275
0.155
0.185
0.060
1.650
0.120
0.480
0.140
0.300
0.420
0.185
1.170
2.320
0.280
0.070
0.175
0.215
0.255
0.305
0.055
0.370
0.350
0.255
0.145
0.160
0.160
0.120
0.075
0.045
0.075
0.195
0.170
0.390
0.470
1.880
0.105
0.035
0.100
0.275
0.240
0.085
0.620
0.125
1.220
0.080
0.120
2.669
0.155
0.130
0.150
0.150
2.690
0.155
0.240
0.035
0.290
0.320
0.150
0.070
0.150
0.880
0.360
0.130
1.050
0.745
0.280
0.170
0.555
0.555
1.260
0.225
0.300
0.165
0.185
0.250
0.550
0.260
0.135
0.170
0.125
0.200
0.270
1.200
0.300
0.065
0.200
0.050
0.735
0.480
0.510
0.255
0.180
0.130
0.640
0.100
0.105
0.280
0.190
0.155
0.145
0.075
0.165
0.245
0.195
0.035
0.430
0.440
0.385
1.820
0.085
0.090
0.060
0.150
0.080
0.150
0.155
0.535
0.345
1.020
0.215
0.035
0.025
0.105
0.165
0.060
0.090
0.080
0.050
0.075
0.075
0.060
0.150
0.125
0.130
0.030
0.487
0.015
0.015
0.100
0.015
0.280
0.115
0.095
0.115
0.210
0.205
0.195
0.220
0.380
0.640
0.015
0.280
0.410
0.195
0.035
0.035
0.015
0.035
0.158
0.100
0.030
0.030
0.010
0.170
0.020
0.015
0.030
0.060
0.025
0.015
0.670
0.005
0.200
0.040
0.030
0.050
0.065
0.325
0.730
0.120
0.015
0.070
0.100
0.050
0.100
0.015
0.140
0.040
0.070
0.055
0.045
0.075
0.120
0.030
0.020
0.030
0.050
0.040
0.180
0.305
0.800
0.005
0.015
0.045
0.185
0.135
0.015
0.235
0.035
0.495
0.025
0.030
0.910
0.080
0.055
0.085
0.080
1.300
0.015
0.125
0.005
0.045
0.140
0.030
0.025
0.080
0.140
0.105
0.005
0.170
0.110
0.050
0.085
0.075
0.065
0.690
0.065
0.115
0.025
0.070
0.115
0.220
0.120
0.010
0.015
0.030
0.065
0.110
0.410
0.035
0.020
0.120
0.015
0.300
0.140
0.130
0.160
0.030
0.025
0.250
0.010
0.010
0.045
0.025
0.030
0.040
0.030
0.080
0.085
0.035
0.015
0.035
0.120
0.035
0.755
0.020
0.035
0.015
0.045
0.005
0.025
0.015
0.385
0.155
1.200
0.225
0.040
0.025
0.130
0.185
0.075
0.100
0.080
0.055
0.100
0.080
0.070
0.235
0.190
0.220
0.125
1.510
0.015
0.020
0.115
0.015
0.365
0.145
0.105
0.125
0.220
0.370
0.360
0.265
0.605
0.685
0.040
0.460
0.440
0.220
0.035
0.035
0.015
0.035
0.210
0.135
0.035
0.035
0.020
0.210
0.025
0.020
0.040
0.075
0.035
0.020
0.680
0.045
0.230
0.040
0.045
0.090
0.075
0.840
0.780
0.190
0.015
0.070
0.110
0.065
0.110
0.025
0.145
0.230
0.115
0.100
0.080
0.100
0.120
0.040
0.025
0.040
0.075
0.060
0.190
0.350
0.995
0.005
0.015
0.050
0.185
0.165
0.025
0.240
0.035
0.585
0.030
0.035
1.070
0.090
0.065
0.085
0.090
1.670
0.015
0.165
0.005
0.050
0.170
0.040
0.030
0.090
0.180
0.120
0.005
0.820
0.130
0.055
0.110
0.085
0.080
0.935
0.095
0.150
0.055
0.090
0.165
0.260
0.180
0.015
0.015
0.040
0.075
0.255
0.500
0.035
0.025
0.140
0.045
0.390
0.445
0.435
0.215
0.045
0.045
0.265
0.015
0.010
0.055
0.040
0.040
0.070
0.040
0.115
0.095
0.040
0.015
0.050
0.145
0.200
0.800
0.030
0.075
0.020
0.055
0.010
0.025
0.015
0.400
0.170
1.100
0.220
0.040
0.025
0.125
0.185
0.060
0.095
0.080
0.050
0.095
0.080
0.060
0.235
0.190
0.175
0.115
1.400
0.015
0.015
0.115
0.015
0.360
0.145
0.100
0.115
0.220
0.365
0.360
0.255
0.600
0.640
0.040
0.445
0.410
0.210
0.035
0.035
0.015
0.035
0.195
0.130
0.030
0.030
0.020
0.170
0.025
0.020
0.030
0.070
0.030
0.015
0.680
0.040
0.205
0.040
0.040
0.060
0.075
0.800
0.750
0.135
0.015
0.070
0.100
0.065
0.105
0.020
0.140
0.175
0.075
0.070
0.045
0.075
0.120
0.040
0.025
0.035
0.060
0.050
0.185
0.315
0.995
0.005
0.015
0.050
0.185
0.155
0.025
0.235
0.035
0.580
0.025
0.035
0.980
0.090
0.060
0.085
0.090
1.650
0.015
0.165
0.005
0.050
0.155
0.035
0.025
0.090
0.180
0.115
0.005
0.785
0.115
0.050
0.100
0.075
0.065
0.920
0.075
0.125
0.040
0.085
0.155
0.230
0.170
0.015
0.015
0.035
0.070
0.255
0.480
0.035
0.025
0.125
0.040
0.390
0.425
0.365
0.170
0.045
0.025
0.255
0.015
0.010
0.055
0.040
0.040
0.055
0.030
0.110
0.085
0.035
0.015
0.045
0.140
0.180
0.755
0.020
0.070
0.015
0.050
0.005
0.025
0.015
0.395
0.160
0166WB
3379WB
0069WC
1961C6
1961C7
8834WB
7183WA
0010WB
5175WA
0024WA
9083WB
8923WA
0111WB
5247CE
5247CF
5247CG
5247CH
7216WA
3115WC
8303WA
0151WA
0036WA
5171WA
7164HC
7164WA
7164WB
7017WB
7153CF
7153CH
7153CI
5878WB
5038WA
2003CR
2003WC
5789WA
7126WA
5068WA
5068WB
8583CW
8583CY
8583WB
8583WC
5264CE
5264CG
5264CI
6181WB
6012CQ
5189WA
115510
115511
115512
115513
1171WA
5040WC
1694WB
5186CX
5026WA
3816CX
3816CY
9571WC
6114WB
7595WA
5237CG
3867CA
3867CB
1651C1
1651WA
5150WA
0138CG
0138CH
0138CJ
0138CK
0138CL
0138CM
0138CN
0096WA
0096WB
0096WC
0083WB
9008WA
9008WB
5053WC
6661WC
7052CE
0005WA
1295C4
5183CZ
9997WB
5146WA
8311WC
6033CL
1945WC
8869CK
8869CL
8869WC
7145WA
0007WA
6807CF
6807CG
6807WB
7123WA
7084CF
0110WA
5256WA
7185WA
0133WB
0133WC
4731CC
7073WB
0055WA
5218C9
7155WA
0117WA
5241WA
7143WA
1201WA
1201WB
5211WA
7106C1
7106C2
7106CX
7106CZ
7082WB
1538WB
7071WB
534715
534716
534719
534720
5347HA
7252WA
7228WA
7079WB
0101WB
0060WA
8397WC
7113CT
7113CU
7113CV
5054WA
5054WB
5401WA
514814
5243CW
5005CE
5005CF
5005CH
5005CJ
5200CT
5200HA
0120WA
0066WA
5142CN
9679WC
9679WD
0141WA
7245WA
5156WB
5156WC
0095WA
5155WA
7122WA
4677CV
4677CY
6742WB
2283WA
WARRANTS
INARI-WB
INSAS-WB
INSTACO-WC
IOICORP-C6
IOICORP-C7
IREKA-WB
IRETEX-WA
IRIS-WB
IVORY-WA
JAG-WA
JETSON-WB
JIANKUN-WA
K1-WB
KAREX-CE
KAREX-CF
KAREX-CG
KAREX-CH
KAWAN-WA
KBUNAI-WC
KFM-WA
KGB-WA
KGROUP-WA
KIMLUN-WA
KNM-HC
KNM-WA
KNM-WB
KOMARK-WB
KOSSAN-CF
KOSSAN-CH
KOSSAN-CI
KPJ-WB
KSL-WA
KULIM-CR
KULIM-WC
LBS-WA
LONBISC-WA
LUSTER-WA
LUSTER-WB
MAHSING-CW
MAHSING-CY
MAHSING-WB
MAHSING-WC
MALAKOF-CE
MALAKOF-CG
MALAKOF-CI
MALTON-WB
MAXIS-CQ
MAXWELL-WA
MAYBANKC10
MAYBANKC11
MAYBANKC12
MAYBANKC13
MBSB-WA
MEDAINC-WC
MENANG-WB
MHB-CX
MHC-WA
MISC-CX
MISC-CY
MITRA-WC
MKH-WB
MLGLOBAL-WA
MPHBCAP-CG
MPI-CA
MPI-CB
MRCB-C1
MRCB-WA
MSPORTS-WA
MYEG-CG
MYEG-CH
MYEG-CJ
MYEG-CK
MYEG-CL
MYEG-CM
MYEG-CN
NEXGRAM-WA
NEXGRAM-WB
NEXGRAM-WC
NOTION-WB
OMESTI-WA
OMESTI-WB
OSK-WC
OSKPROP-WC
PADINI-CE
PALETTE-WA
PBBANK-C4
PCHEM-CZ
PENSONI-WB
PERWAJA-WA
PESONA-WC
PETGAS-CL
PJDEV-WC
PMETAL-CK
PMETAL-CL
PMETAL-WC
PSIPTEK-WA
PUC-WA
PUNCAK-CF
PUNCAK-CG
PUNCAK-WB
PWORTH-WA
QL-CF
RA-WA
REACH-WA
SAMUDRA-WA
SANICHI-WB
SANICHI-WC
SCIENTX-CC
SEACERA-WB
SERSOL-WA
SKPETRO-C9
SKPRES-WA
SMRT-WA
SONA-WA
STONE-WA
SUMATEC-WA
SUMATEC-WB
SUNWAY-WA
SUPERMX-C1
SUPERMX-C2
SUPERMX-CX
SUPERMX-CZ
SYF-WB
SYMLIFE-WB
TAKASO-WB
TENAGA-C15
TENAGA-C16
TENAGA-C19
TENAGA-C20
TENAGA-HA
TEOSENG-WA
TGOFFS-WA
TIGER-WB
TMCLIFE-WB
TMS-WA
TNLOGIS-WC
TOPGLOV-CT
TOPGLOV-CU
TOPGLOV-CV
TRC-WA
TRC-WB
TROP-WA
UEMS-C14
UMWOG-CW
UNISEM-CE
UNISEM-CF
UNISEM-CH
UNISEM-CJ
UOADEV-CT
UOADEV-HA
VIS-WA
VSOLAR-WA
WASEONG-CN
WCT-WC
WCT-WD
WINTONI-WA
WZSATU-WA
XDL-WB
XDL-WC
XINGHE-WA
XINQUAN-WA
YFG-WA
YTL-CV
YTL-CY
YTLPOWR-WB
ZELAN-WA
CLOSE
(RM)
+/(RM)
1.180
0.225
0.040
0.025
0.125
0.185
0.070
0.095
0.080
0.055
0.100
0.080
0.060
0.235
0.190
0.220
0.125
1.510
0.015
0.015
0.115
0.015
0.365
0.145
0.100
0.120
0.220
0.370
0.360
0.265
0.600
0.650
0.040
0.460
0.420
0.220
0.035
0.035
0.015
0.035
0.210
0.135
0.030
0.030
0.020
0.210
0.025
0.020
0.040
0.070
0.035
0.020
0.680
0.045
0.230
0.040
0.045
0.065
0.075
0.830
0.750
0.190
0.015
0.070
0.110
0.065
0.105
0.025
0.145
0.230
0.115
0.100
0.080
0.100
0.120
0.040
0.025
0.035
0.070
0.050
0.190
0.345
0.995
0.005
0.015
0.050
0.185
0.165
0.025
0.240
0.035
0.580
0.030
0.035
1.060
0.090
0.065
0.085
0.090
1.660
0.015
0.165
0.005
0.050
0.170
0.040
0.030
0.090
0.180
0.120
0.005
0.810
0.120
0.050
0.110
0.080
0.070
0.930
0.095
0.150
0.050
0.090
0.165
0.260
0.180
0.015
0.015
0.035
0.070
0.255
0.490
0.035
0.025
0.140
0.040
0.390
0.445
0.435
0.215
0.045
0.045
0.265
0.015
0.010
0.055
0.040
0.040
0.065
0.030
0.110
0.090
0.040
0.015
0.050
0.145
0.200
0.755
0.030
0.075
0.020
0.055
0.005
0.025
0.015
0.400
0.165
0.100
0.005
Unch
-0.005
-0.045
0.005
0.005
0.005
-0.005
0.005
0.005
Unch
-0.005
Unch
0.010
0.075
0.020
0.120
Unch
-0.015
0.015
Unch
-0.005
Unch
Unch
0.005
Unch
0.010
-0.160
0.045
-0.010
0.010
0.005
0.040
0.010
0.010
-0.005
-0.005
Unch
-0.005
0.015
0.010
-0.045
-0.005
0.005
0.010
Unch
Unch
0.010
Unch
0.010
Unch
0.010
0.005
Unch
-0.005
0.005
0.010
0.010
0.030
0.020
0.045
-0.025
-0.055
-0.040
0.015
0.005
Unch
-0.040
0.045
0.025
0.025
0.020
0.005
-0.030
Unch
Unch
-0.005
Unch
-0.005
0.010
0.030
Unch
Unch
Unch
0.005
-0.060
0.005
Unch
-0.005
Unch
Unch
0.005
0.005
0.080
-0.005
Unch
-0.010
0.005
0.020
-0.005
-0.065
Unch
Unch
Unch
0.005
Unch
Unch
-0.040
0.010
Unch
0.045
Unch
Unch
0.010
Unch
-0.005
0.010
0.020
Unch
0.005
Unch
0.015
0.030
0.010
0.005
Unch
0.005
Unch
-0.015
0.010
Unch
Unch
0.010
Unch
Unch
0.065
0.075
0.045
Unch
Unch
0.015
0.005
Unch
0.010
0.015
0.010
0.010
-0.005
Unch
-0.010
-0.005
-0.020
Unch
0.010
0.035
-0.045
0.005
0.005
0.005
Unch
-0.005
-0.030
-0.040
0.005
0.010
VOL PARENT
EXE
(‘000)
PRICE PRICE
1406.5
632.1
62.1
10
60
44
189.3
817.7
30
8.3
60
20
249.6
300
100
340
50
26
78.5
60.2
5
401
15.3
20
533.5
798.6
39.6
100
20
15.9
84.8
91.3
5.1
376.5
37.2
165.8
220
20
10
10
319.7
366.6
100
85
380
275
230
1348.3
20214.5
537.6
15669.5
490.7
3
82.1
117.3
35
386.7
970
62
381.1
19
10.1
10
200
210
0.1
1174.1
48
200
1550.3
1993
8415.6
23382.6
200
40
534.9
50
140
106.3
225.1
2
764.1
66.9
10
25
200
10
1169
0.5
320
10
530.4
440.1
30
302.3
200
87.1
100
100
37.4
68
50
15
420
90.5
171
926.6
300
1
339.4
883.2
10009.5
446
1082
40.5
280.3
4892.5
204.4
13056.2
1990.4
1000.4
250
1835.8
1.4
2194.5
920
30
280
4680
44.9
203.8
30
300
785.5
5300
165
38
136
202.1
50
285.1
130
200
10
780
20
400
4433.5
580.4
100
944
1036
100
210.1
208.9
411.9
17.5
3777.1
1580.9
2489
100.2
1107.2
200
10
107.4
972.2
3.140
0.715
0.115
4.020
4.020
0.605
0.295
0.220
0.360
0.110
0.350
0.270
0.250
3.300
3.300
3.300
3.300
2.540
0.050
0.130
0.330
0.050
1.170
0.535
0.535
0.535
0.425
6.800
6.800
6.800
4.160
1.420
2.680
2.680
1.420
0.785
0.075
0.075
1.500
1.500
1.500
1.500
1.560
1.560
1.560
0.725
6.460
0.095
8.600
8.600
8.600
8.600
1.540
0.570
0.745
1.010
0.920
7.970
7.970
1.830
2.190
0.450
1.580
6.130
6.130
1.000
1.000
0.085
2.720
2.720
2.720
2.720
2.720
2.720
2.720
0.080
0.080
0.080
0.415
0.580
0.580
1.680
1.950
1.360
0.045
18.300
5.980
0.475
0.180
0.495
21.420
1.540
1.890
1.890
1.890
0.140
0.095
2.540
2.540
2.540
0.150
3.940
0.015
0.600
0.470
0.070
0.070
7.000
0.600
0.200
2.090
1.340
0.250
0.430
0.255
0.140
0.140
3.400
2.160
2.160
2.160
2.160
0.415
0.800
0.550
10.860
10.860
10.860
10.860
10.860
0.490
0.415
0.100
0.530
0.140
1.060
7.700
7.700
7.700
0.335
0.335
0.920
0.930
1.120
1.770
1.770
1.770
1.770
1.870
1.870
0.190
0.105
1.240
1.240
1.240
0.285
1.380
0.180
0.180
0.065
0.475
0.055
1.480
1.480
1.510
0.275
Please refer to the bursa malaysia website For the prices of Loan stocks, bonds and overseas structure warrants
2.000
1.000
0.130
4.300
4.200
1.000
0.800
0.150
0.750
0.100
0.750
0.320
0.220
2.467
2.587
2.833
3.000
0.930
0.131
0.510
0.500
0.100
1.680
0.561
0.980
1.000
0.300
5.000
5.500
7.000
4.010
0.800
2.717
2.770
1.000
1.000
0.100
0.100
1.574
1.680
1.440
2.100
1.950
2.000
1.800
1.000
7.200
0.400
9.000
8.000
9.500
10.000
1.000
0.800
1.000
1.250
1.560
8.000
8.000
0.900
1.890
0.500
2.000
7.050
6.450
1.000
2.300
0.180
2.050
2.000
2.600
2.800
3.000
2.680
2.450
0.100
0.260
0.100
1.000
0.960
0.500
1.800
1.000
1.850
0.040
19.300
5.400
0.600
1.000
0.250
21.500
1.000
3.000
2.500
1.100
0.100
0.100
2.700
2.700
1.000
0.500
3.100
0.170
0.750
0.300
0.100
0.100
6.900
1.000
0.180
2.800
0.550
0.180
0.350
0.300
0.320
0.175
2.500
2.250
2.100
2.150
2.180
0.700
1.100
0.350
13.800
13.980
13.500
13.000
13.680
1.350
0.500
0.200
0.750
0.100
1.000
4.980
5.200
6.850
0.500
0.610
1.000
1.200
2.200
2.000
2.080
2.280
2.050
2.100
1.780
0.250
0.120
1.580
1.850
2.050
0.100
0.600
0.350
0.115
0.100
1.000
0.130
1.500
1.600
1.140
0.250
PR’M
(%)
1.27
71.33
47.83
10.70
13.81
95.87
194.92
11.36
130.56
40.91
142.86
48.15
12.00
-1.51
1.42
0.08
3.54
-3.94
192.00
303.85
86.36
130.00
74.79
22.28
101.87
109.35
22.35
0.74
-0.59
16.58
10.82
2.11
7.94
20.52
0.00
55.41
80.00
80.00
7.83
15.73
10.00
49.00
31.73
30.13
17.95
66.90
13.00
342.11
6.42
1.16
12.34
16.98
9.09
48.25
65.10
31.68
74.46
4.05
9.79
-5.46
20.55
53.33
29.43
21.86
15.99
13.00
140.50
141.18
-8.64
3.13
8.27
17.65
20.29
20.59
12.13
75.00
256.25
68.75
157.83
74.14
18.97
27.68
2.31
37.13
22.22
8.20
5.77
61.05
469.44
-1.01
4.46
2.60
65.08
41.53
14.29
35.71
73.68
18.68
16.93
4.72
243.33
-0.38
1,067
33.33
0.00
100.00
85.71
8.86
96.67
50.00
35.17
1.49
20.00
-6.98
60.78
185.71
75.00
0.88
14.72
11.11
6.48
13.43
108.43
70.00
-3.64
29.14
30.80
28.18
24.54
61.19
275.51
28.92
125.00
67.92
0.00
31.13
-0.65
1.43
11.30
62.69
95.52
37.50
33.87
99.11
22.32
26.55
40.11
30.51
15.51
6.95
78.95
52.38
31.05
53.23
77.02
5.26
-1.81
111.11
5.56
84.62
122.11
145.45
4.73
10.14
1.99
50.91
EXPIRY
DATE
17/02/2020
25/02/2020
22/01/2020
31/03/2016
29/01/2016
25/06/2019
10/06/2019
20/04/2016
26/04/2017
14/08/2019
06/02/2019
23/12/2021
11/12/2015
27/11/2015
29/01/2016
01/09/2015
31/03/2016
28/07/2016
20/10/2023
19/10/2016
12/06/2019
02/07/2018
12/03/2024
30/11/2015
15/11/2017
21/04/2020
21/01/2020
11/12/2015
01/09/2015
29/01/2016
23/01/2019
19/08/2016
28/10/2015
26/02/2016
11/06/2018
26/01/2020
03/06/2022
26/05/2023
30/11/2015
25/01/2016
16/03/2018
21/02/2020
30/12/2015
30/06/2016
20/11/2015
29/06/2018
30/06/2016
24/03/2020
02/10/2015
29/02/2016
02/11/2015
31/05/2016
31/05/2016
24/08/2024
09/07/2019
29/04/2016
28/07/2017
01/09/2015
31/03/2016
04/07/2016
29/12/2017
27/10/2019
29/02/2016
11/03/2016
11/03/2016
29/01/2016
14/09/2018
09/11/2017
10/09/2015
29/01/2016
09/12/2015
15/01/2016
02/11/2015
30/06/2016
30/08/2016
16/05/2022
21/07/2023
15/01/2024
02/05/2017
19/04/2016
30/05/2018
22/07/2020
28/08/2017
28/08/2015
20/03/2018
30/06/2016
29/04/2016
20/01/2024
28/02/2022
27/01/2020
10/09/2015
04/12/2020
30/11/2015
08/06/2016
22/08/2019
16/11/2019
25/12/2024
30/11/2015
19/02/2016
20/07/2018
22/04/2016
30/10/2015
22/03/2017
12/08/2022
02/01/2018
13/03/2018
24/09/2019
27/11/2015
29/05/2019
18/04/2023
15/12/2015
27/06/2017
01/08/2017
30/07/2018
21/06/2020
03/03/2021
13/11/2018
17/08/2016
01/12/2015
11/03/2016
30/09/2015
29/01/2016
11/11/2019
11/11/2020
02/09/2016
31/12/2015
29/01/2016
08/06/2016
29/01/2016
29/01/2016
29/01/2020
07/04/2016
23/12/2018
21/06/2019
16/01/2017
26/12/2018
29/01/2016
11/03/2016
15/04/2016
20/01/2017
14/07/2016
06/12/2019
31/03/2016
30/06/2016
11/12/2015
29/01/2016
28/04/2016
29/07/2016
25/01/2016
30/11/2015
01/09/2016
01/12/2017
27/11/2015
10/03/2016
11/12/2017
23/02/2019
28/10/2024
22/01/2017
02/07/2018
22/03/2019
24/06/2019
25/03/2016
30/09/2015
13/11/2015
11/06/2018
25/01/2019
Markets 3 7
GLOBAL ROUNDUP
Singapore
Hong Kong
15 most active counters
FT Straits Times
STOCK
Index points
3600
3300
3000
3,091.78
2700
2,774.06
+30.29
(+0.99%)
2400
Mar 1, 2010
Aug 13, 2015
VOL (MIL)
STRATECH GROUP
NOBLE GROUP
MERCATOR LINES SIG
GENTING SINGAPORE PLC
INTL HEALTHWAY
YUUZOO CORP
SINGAPORE TELECOMM
ADVENTUS HOLDINGS
EZRA HOLDINGS
EQUATION SUMMIT
GOLDEN AGRI-RESOURCES
CHINA ESSENCE GROUP
SIIC ENVIRONMENT
GLOBAL LOGISTIC PROPER
EUROPTRONIC GROUP
Singapore shares advanced yesterday, in Top gainers
line with other Asian bourses, after China’s STOCK
central bank sought to temper worries that it NEW SILKROUTES
would not sufficiently support the renminbi. MERCATOR LINES SG
GREAT LAND
The Nikkei 225 Index rose around 1%, and CHINA
CPH LTD
the KOSPI and Hang Seng Index inched up EQUATION SUMMIT
about 0.4%. The Shanghai Composite Index ELEKTROMOTIVE GROUP
and the Shenzhen Composite Index also TRAVELITE HOLDINGS
EUROPTRONIC GROUP
reversed from intra-day losses and ended NOVO GROUP
1.8% and 2.2% higher respectively.
ADVANCED SYSTEMS AUTO
The Straits Times Index ended the day CHINA ESSENCE GROUP
EDUCATION CORP
0.99% higher at 3,091.78, after trading be- TMC
SITRA HOLDINGS INTL
tween 3,063.60 and 3,103.49. Market breadth NEW WAVE
was positive. Excluding warrants, gainers SP CORP
outnumbered decliners 256 to 190.
Top losers
A total of 1.44 billion shares worth S$1.39 STOCK
billion changed hands, giving an average of LERENO BIO-CHEM
97 cents a share for the entire market.
PAN OCEAN CO
The Stratech Group, Noble Group, Mer- TOP GLOBAL
CAPITAL INVEST
cator Lines (Singapore), Genting Singapore MERCURIUS
UNIVERSAL RESOURCE
and International Healthway Corp were ALLIED TECHNOLOGIES
among the most actively traded counters. GREAT GROUP
Meanwhile, OCBC Investment Research, HEETON HOLDINGS
INVESTMENT
in a technical alert report yesterday, called JASPER
BLUMONT GROUP
for a trading buy on United Overseas Bank, SG EDEVELOPMENT
DBS Group Holdings and M1. Among the POH TIONG CHOON LOGISTIC
HOLDINGS ASIA
gainers, China Great Land Holdings surged MOYA
INTRACO
82% to four cents.
ANNAIK
China
Index points
3,954.56
CLOSE (S$)
0.002
0.034
0.040
0.009
0.007
0.004
0.280
0.015
0.260
0.006
0.018
0.095
0.013
0.007
0.970
CLOSE (S$)
0.002
4.300
0.004
0.009
0.028
0.016
0.016
0.490
0.007
0.007
0.035
0.640
0.036
0.310
0.080
-5.00
-0.99
88.89
-2.48
UNCH
7.43
2.31
UNCH
0.88
40.00
4.92
20.00
3.51
-0.44
25.00
+/– (%)
100.00
88.89
81.82
50.00
40.00
33.33
27.27
25.00
20.93
20.00
20.00
18.75
18.18
16.67
14.12
+/– (%)
-33.33
-23.21
-20.00
-18.18
-17.65
-15.79
-15.79
-15.52
-12.50
-12.50
-12.50
-12.33
-12.20
-11.43
-11.11
-120.87
(-3.35%)
3850
2875
2445
3,087.842
Mar 1, 2010
China stocks reversed early losses and rose
more than 1% yesterday, after the central
bank said that there was no basis for further depreciation in the yuan given strong
economic fundamentals.
Following a volatile session, the CSI300
index of the largest listed companies in
Shanghai and Shenzhen rose 1.5%, to
4,075.46, while the Shanghai Composite
Index gained 1.8%, to 3,954.56 points.
The People’s Bank of China, which sharply devalued the yuan earlier in the week, said
yesterday that China’s strong economic environment, sustained trade surplus, sound
fiscal position and deep foreign exchange
reserves provided “strong support” to the
exchange rate. Tuesday’s yuan devaluation
followed a run of weak economic data and
resulted in the biggest one-day fall since
1994, raising market suspicions that China
was embarking on a longer-term depreciation of its exchange rate that would make
Chinese exports cheaper.
Data on Chinese factory activity growth
and retail sales on Wednesday underlined
sluggish growth in the world’s second-largest
economy, while fiscal expenditures jumped
24.1% in July, reflecting Beijing’s efforts to
stimulate economic activity. Weighed down
by weak exports, sluggish domestic demand
and a cooling property market.
22350
24,018.80
19075
21,056.93
+102.78
(+0.43%)
15800
Mar 1, 2010
Aug 13, 2015
VOL (MIL)
CCT LAND
WINTO GROUP
MERRY GARDEN
BANK OF CHINA
SEMICONDUC MANUFACT
CHINA MINING RESOURCES
NEO TELEMEDIA
INDUS & COMMERC
CHINA CONSTRUCT BANK
MASCOTTE HOLDINGS
GOME ELECTRICAL APPLI
FINSOFT FINANCIAL INVEST
G-RESOURCES GROUP
LANDING INTL DEVELOP
DX.COM HOLDINGS
Hong Kong stocks rebounded yesterday, Top gainers
led by energy and tech shares after China’s STOCK
central bank signalled it won’t let the yuan NOVO GROUP
DAIWA ASSOCIATE
fall sharply further.
MEDIA GROUP
The Hang Seng index rose 0.4%, to 24,018.80, ONE
VISION FAME INTL
while the China Enterprises Index gained 0.4%, NEO TELEMEDIA
to 11,080.92 points. Expectations of slower VONGROUP
GLOBAL
yuan depreciation aided market sentiment, RUNWAY
SHUNFENG INTL
despite Hong Kong’s gloomy growth outlook. LUOYANG GLASS CO
Hong Kong’s economy is expected to CHINA MINING RESOURCES
have expanded slightly in the second quar- NOBLE HOUSE CHINA
KINGSTONE MINING
ter helped by consumption, but the outlook CHINA
VIVA CHINA HOLDINGS
in coming months will be dampened by a GRAND PEACE GROUP
slowdown in China, a drop in mainland PEGASUS ENTERTAINMENT
tourists to the city and weak retail sales.
Top losers
The economy grew 2.1% in the first quar- STOCK
ter from a year earlier and a seasonally ad- STYLAND HOLDINGS
justed 0.4% from the fourth quarter, propped WINTO GROUP
TAI SHING INTL
up by private and public spending.
ZHONGWANG
Hong Kong has become increasingly CHINA
YAT SING HOLDINGS
dependent on China to help spur growth, NINGBO WANHAO
with mainland Chinese accounting for 78% SHANXI CHANGCHENG
of the 60.8 million tourists who visited the CHEN XING DEVELOPMENT
JIAHUA
city last year. The number of Chinese visi- CHANGHONG
WORLD WIDE TOUCH TECH
tors has dropped this year, hurt in part by ENERGY INTL INVT
an anti-corruption campaign launched by KATE CHINA HOLDINGS
Beijing that targets lavish spending and CHINA ENVIRONL RESOURS
YUAN HENG GAS
street protests against mainland Chinese. LENOVO GROUP
CLOSE (HK$)
+/– (%)
0.024
0.142
0.465
4.100
0.760
0.169
1.320
5.250
6.220
0.405
1.400
0.233
0.238
0.275
0.090
-4.00
-13.94
-8.82
-0.73
2.70
14.97
18.92
-0.19
0.16
-1.22
-2.78
2.64
UNCH
5.77
-5.26
CLOSE (HK$)
1.750
2.640
1.130
7.050
1.320
0.108
0.960
2.430
7.040
0.169
5.030
0.165
0.960
0.225
0.480
CLOSE (HK$)
0.460
0.142
0.060
2.900
1.220
0.345
0.480
2.190
1.380
0.880
0.440
3.950
0.370
0.570
7.700
+/– (%)
29.63
26.92
25.56
21.55
18.92
18.68
17.07
16.83
15.60
14.97
14.32
13.79
12.94
12.50
11.63
+/– (%)
-14.81
-13.94
-13.04
-12.39
-12.23
-11.54
-11.11
-10.61
-10.39
-10.20
-10.20
-9.82
-9.76
-9.52
-9.09
Dow Jones
7200
6590
857.16
413.83
408.17
379.15
363.99
290.98
235.57
225.25
200.62
195.23
187.34
168.70
162.57
128.90
125.17
United States
Index points
Index points
18580
16310
5,405.94
5370
6,571.19
-93.34
(-1.40%)
14040
10,403.79
11770
17,402.51
-0.33
(-0.00%)
2,772.70
4760
1960
Aug 13, 2015
25625
5980
2930
1900
28900
FTSE 100
3,484.41
3415
STOCK
Index points
Index points
3900
15 most active counters
Hang Seng
United Kingdom
Euro STOXX 50 Index
+68.24
(+1.76%)
4825
0.076
0.500
0.034
0.785
0.310
0.188
3.980
0.024
0.114
0.007
0.320
0.018
0.177
2.280
0.015
+/– (%)
Europe
Shanghai Composite
5800
136.89
76.92
64.41
50.55
49.03
37.17
34.20
33.52
30.56
28.40
26.44
23.30
21.95
1.64
20.80
CLOSE (S$)
Mar 1, 2010
Aug 12, 2015
European shares extended the week’s sell-off
on Wednesday after China allowed the yuan
to weaken further, hitting export-focused
stocks for a second straight day.
China is the second-biggest buyer of EU
goods after the United States and its surprise
devaluation this week has heaped market
pressure on European makers of cars, luxury goods and consumer products.
The pan-European FTSEurofirst 300 index
closed down 2.7%, while the eurozone’s bluechip Euro STOXX 50 index was down 3.4%,
its second-worst daily performance since
January. The FTSEurofirst and Euro STOXX
50 indexes remain up about 11% since the
start of 2015, partly due to economic stimulus
measures from the European Central Bank.
Only 37 stocks out of the 600 on the STOXX
Europe 600 were in positive territory.
German automakers Daimler and BMW
were down 3.7% to 5%, while luxury-goods
group LVMH was down 5.5%. “We stay underweight German autos, luxury and capital goods with high China exposure,” Credit
Suisse strategist Andrew Garthwaite said in
a note to clients.
Data also showed industrial output in
the 19-member eurozone fell by more than
expected in June, as activity in the currency
bloc’s main economies of Germany, France
and Italy fell markedly.
Mar 1, 2010
9500
Aug 12, 2015
Britain’s top share index was dragged lower on Wednesday by Unilever and mining
companies after the fall in the value of China’s currency pulled down metals prices.
China, the world’s second-largest economy and biggest metals consumer, devalued the yuan on Tuesday and let it weaken
further on Wednesday after a run of poor
economic data, raising the costs of imports.
London nickel, copper and aluminium
all dropped to six-year lows on Wednesday
as fears intensified that the weaker yuan
would corrode demand.
The UK mining sector was down 0.9% after shedding 4.4 pct in the previous session.
Glencore declined the most, dropping 5.7%.
“It takes a brave soul and deep pockets to
buy these mining stocks when they’re this
heavily down,” said Jasper Lawler, analyst
at CMC Markets.
“I don’t see them rebounding massively
in the general context of things unless there’s
some sort of extra explanation by the People’s
Bank of China or some move by some other
central bank to combat this devaluation.”
The blue-chip FTSE 100 index was down
1.4% by the close, slightly outperforming
other European equities. Randgold added
5.4%, one of the few risers on the blue-chip
index, as the devaluation of the yuan supported gold prices.
Mar 1, 2010
Aug 12, 2015
US stocks rebounded in afternoon trading on
Wednesday to end little changed as energy
shares and Apple bounced back, offseting continued concerns about a slowdown in China.
The Dow Jones industrial average fell 0.33
points to 17,402.51, the S&P 500 gained 1.98
points, or 0.1%, to 2,086.05 and the Nasdaq
Composite added 7.60 points, or 0.15%, to
5,044.39.
The S&P energy index climbed 1.9%,
the S&P 500’s biggest positive, as investors
grabbed energy companies shares, encouraged by a bounce up in oil prices from sixyear lows hit the previous session. Energy
companies have reeled in recent weeks on
concerns about China, a top consumer of
energy and commodities.
Apple, for which China is a key market,
also reversed course after falling more than
3% earlier to its lowest since January. It ended up 1.5% at US$115.24 and was the biggest
positive factor for all three major indexes.
Stocks had tumbled early in the session after China’s currency hit a four-year low, its
second session of decline.
The Dow moved nearly 300 points from
its low of the day to its high before closing
flat. The S&P 500 briefly dipped into negative
territory for the year during the session, and
traded below its 200-day moving average,
before bouncing back. — Agencies
38 Markets
INSIDER MOVES . TRADING THEMES . EVENTS . FOREX
Trading themes
Insider moves (Filings on Aug 12, 2015)
Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook.
COMPANY
SHARES ACQUIRED
(DISPOSED)
AXIATA GROUP
AE MULTI HOLDINGS
9,050,000
13,606,200
AL-’AQAR HEALTHCARE REIT
ALLIANCE FINANCIAL GROUP
AMMB HOLDINGS
BONIA CORPORATION
BONIA CORPORATION
BRITISH AMERICAN TOBACCO (M)
54,800
847,800
822,800
1,448
49,700
(17,900)
CAHYA MATA SARAWAK
DAIBOCHI PLASTIC & PACKAGING IND
DESTINI
DIALOG GROUP
DIGI.COM
ECO WORLD DEVELOPMENT GROUP
GAMUDA
GE-SHEN CORPORATION
GE-SHEN CORPORATION
GE-SHEN CORPORATION
53,900
93,000
1,688,600
7,196,600
3,604,100
157,700
2,000,000
(20,000,000)
29,504,088
(9,504,088)
HARTALEGA HOLDINGS
HONG LEONG BANK
HUNZA PROPERTIES
IGB REAL ESTATE INVEST TRUST
IHH HEALTHCARE
IJM CORPORATION
INARI AMERTRON
IOI CORPORATION
IOI PROPERTIES GROUP
KKB ENGINEERING
KPJ HEALTHCARE
KPJ HEALTHCARE
KPS CONSORTIUM
KUALA LUMPUR KEPONG
KUMPULAN POWERNET
MALAYAN BANKING
MALAYSIA AIRPORTS HOLDINGS
MAXIS
ORIENTAL HOLDINGS
(572,700)
422,100
816,400
147,400
2,876,400
2,000,000
(537,100)
2,200,000
20,000
10,000
(845,400)
(500,000)
305,100
220,600
2,749,100
4,700,000
244,900
1,654,500
(47,100)
PETRONAS GAS
PUBLIC BANK
REACH ENERGY
SAPURAKENCANA PETROLEUM
SCIENTEX
SIME DARBY
SONA PETROLEUM
TAN CHONG MOTOR HOLDINGS
TELEKOM MALAYSIA
UMW HOLDINGS
WCT HOLDINGS
35,800
1,353,600
100,000
2,800,000
607,300
834,800
910,700
(13,100)
2,296,200
385,700
(203,000)
DIRECTOR/SUBSTANTIAL
SHAREHOLDER
SHARES HELD
AFTER CHANGE
EMPLOYEES PROVIDENT FUND BOARD
TAN CHIN SEOH
1,217,740,749
13,426,200
HK yuan deposit & trade settlement
TRANSACTION
DATE
5 TO 7/8
26-27/2,
3,23-25,31/3,
10,14-15,23,27-28,30/4,
15,26-29/5,
1,2,4,29,30/6,
6-10 & 20/7
35,231,138
7/8
282,825,440
7/8
490,101,937
7/8
352,728,598
12/8
1,530,400
12/8
16,603,262
6/8
CHIANG SANG SEM
DATO SRI CHIANG FONG SENG
MITSUBISHI UFJ FINANCIAL GROUP, INC,
JAPAN
72,917,827
DATIN TEH KIM HONG
6,366,771
HARBOUR ASIA OPPORTUNITY MASTER
92,168,100
FUND, CAYMAN ISLANDS
557,785,244
1,074,492,240
195,476,400
238,034,505
GE-SHEN RESOURCES S/B
PELITA NIAGAMAS S/B
40,504,088
NETYAN GROUP CORPORATION, VIRGIN
ISLANDS, BRITISH
64,071,500
251,713,283
LEMBAGA TABUNG HAJI
17,196,996
223,612,749
739,758,600
236,492,789
52,527,587
572,853,259
324,356,686
KHO POK TONG
105,848,320
LEMBAGA TABUNG HAJI
114,250,595
KOH POH SENG
66,050,525
143,959,638
WOO WAI MUN
14,244,408
1,317,365,198
222,296,829
533,856,900
ABERDEEN ASSET MGMT PLC & ITS
75,209,300
SUBSIDIARIES, UK
233,007,500
581,193,563
DATO DR AZMIL KHALILI DATO KHALID
104,680,400
925,475,494
SCIENTEX HOLDINGS S/B
47,306,662
819,613,030
CREDIT SUISSE SECURITIES (EUROPE) LTD, UK
90,083,300
56,540,400
573,533,936
191,266,993
LEMBAGA TABUNG HAJI
120,378,875
7/8
5,10 & 11/8
6,7,10
& 11/8
7/8
7/8
7/8
7/8
11/8
11/8
11/8
Palm oil - 24 hours technical outlook
6 & 7/8
7/8
7/8
7/8
7/8
7/8
7/8
7/8
7/8
7/8
6/8
7/8
10 & 11/8
7/8
10/8
7/8
7/8
7/8
7/8
7/8
7/8
7 & 10/8
7/8
7,10 & 11/8
7/8
6/8
7/8
7/8
6 & 7/8
7/8
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder
filings. Direct and indirect shareholdings are combined due to space constraints. Readers who are interested should check the official filings filed
with Bursa Malaysia.
Note: * denotes Ace Market
Local events to watch out for today
Stocks closest to year low
Stocks closest to year high
STOCK
FBMKLCI-C7
HSI-HM
SUPER
HSI-HK
HSI-HL
HSI-HG
MYEG-CN
HARTA-CO
GOOGLE-C8
HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
0.290
0.680
3.800
1.400
0.975
2.480
0.120
0.145
0.255
0.270
0.645
3.780
1.380
0.965
2.460
0.120
0.145
0.255
0.290
0.650
3.780
1.400
0.975
2.460
0.120
0.145
0.255
1688.5
55
61.2
50
50
30
40
30
15
• AT Sysematization Bhd AGM at Menara Lien • BHS Industries Bhd EGM at Tioman Room,
Hoe, No 8 Persiaran Tropicana, Tropicana Golf
Bukit Jalil Golf & Country Club, Kuala Lumpur
& Country Resort, Selangor at 10.30am.
at 3.30pm.
• The launch of Malaysia International Gourmet • Institut Jantung Negara raya open house at AsFestival at LG Concourse, Berjaya Times Square,
mara Penchala by Felda D’Saji, Lot 2933 Jalan
Kuala Lumpur at 2.30pm.
Sungai Penchala, Kampung Sungai Penchala,
Kuala Lumpur at 4pm.
• Amanah Harta Tanah PNB EGM at The Theatrette, Level 2, Menara PNB, 201-A Jalan Tun
Razak, Kuala Lumpur at 3pm.
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
HLFG
IWCITY
MRCB
BJCORP-WB
KSENG
POS
ANCOM
APM
MEDIAC
AXREIT
UOADEV
MPHBCAP
DKSH
AXIATA
DIGI
TSH
BERTAM
UMW
AMFIRST
GLOMAC
HIGH
(RM)
LOW
(RM)
CLOSE
(RM)
VOLUME
('000)
14.440
0.940
1.000
0.125
5.000
4.000
0.380
4.150
0.520
3.310
1.970
1.590
4.210
6.010
5.100
2.080
0.650
9.690
0.795
0.835
14.280
0.800
0.950
0.110
4.880
3.880
0.360
4.020
0.505
3.250
1.820
1.520
4.150
5.850
4.910
1.960
0.525
9.260
0.780
0.730
14.280
0.860
1.000
0.120
4.910
4.000
0.375
4.150
0.520
3.300
1.870
1.580
4.200
5.910
5.060
2.050
0.565
9.530
0.780
0.795
361.5
366
1248.6
580.3
101.5
161.5
262.4
8.2
394.8
92.3
68
226.3
48.7
8840.3
12544.3
229.3
18.5
2116.7
1100.4
182.5
This table shows stocks that are trading near their year low. This
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.
Foreign exchange rates
NZ
NZ $
EURO
EURO
0.591
1.691
US
SWISS
BRIT CANADA BRUNEI S’PORE
UAE
INA
INDIA
JAPAN NORWAY
PHIL
QATAR
SAUDI SWEDEN
0.855
0.919
0.920
0.896
2.6385
4.207
51.100
4.413
2.415
9,033
42.789
81.883
5.365
30.359
2.394
2.466
5.594
23.190
5.097
1.445
1.555
1.555
1.515
4.4621
7.114
86.418
7.464
4.084
15,276
72.363
138.476
9.073
51.342
4.049
4.171
9.460
39.217
8.619
7.752
1.023
STERLING £
2.376
1.405
1.562
1.528
CANADA $
1.170
0.692
0.769
0.752
0.492
BRUNEI $
1.088
0.643
0.715
0.699
0.458
0.929
SINGAPORE $
1.087
0.643
0.715
0.699
0.458
0.929
1.000
AUSTRALIA $
1.116
0.660
0.734
0.718
0.470
0.954
1.026
1.027
MALAYSIA RM
0.379
0.224
0.249
0.244
0.160
0.324
0.348
0.349
23.771
14.056
15.629
15.286
10.005
20.316
21.858
1.957
1.157
1.287
1.258
0.824
1.673
1.799
100 DANISH KRONER
22.658
13.398
14.898
14.570
9.536
19.365
100 UAE DIRHAM
41.409
24.485
27.226
26.627
17.428
1000 INA RUPIAH
0.111
0.065
0.073
0.071
0.047
100 INDIA RUPEE
2.337
1.382
1.537
1.503
0.984
0.978
0.640
1.300
1.399
1.399
1.362
4.0130
6.398
77.720
6.712
3.673
13,738
65.080
124.538
8.160
46.175
3.641
3.751
8.508
35.270
0.655
1.329
1.430
1.430
1.393
4.1033
6.542
79.469
6.864
3.756
14,048
66.544
127.341
8.343
47.214
3.723
3.835
8.699
36.064
7.926
2.031
2.185
2.185
2.128
6.2691
9.995
121.414
10.486
5.738
21,462
101.667
194.554
12.747
72.134
5.689
5.860
13.290
55.099
12.110
1.076
1.076
1.048
3.0872
4.922
59.790
5.164
2.826
10,569
50.066
95.807
6.277
35.522
2.801
2.886
6.545
27.133
5.963
1.000
0.974
2.8695
4.575
55.574
4.800
2.626
9,824
46.535
89.051
5.835
33.017
2.604
2.682
6.083
25.220
5.543
0.974
2.8687
4.574
55.558
4.798
2.626
9,821
46.522
89.026
5.833
33.008
2.603
2.681
6.082
25.213
5.541
2.9455
4.696
57.046
4.927
2.696
10,084
47.768
91.410
5.989
33.892
2.673
2.753
6.244
25.888
5.690
0.340
1.0000
1.594
19.367
1.673
0.915
3,423
16.217
31.034
2.033
11.506
0.907
0.935
2.120
8.789
1.932
21.864
21.294
62.7210
1,215
104.913
57.407
1,946
127.534
721.686
56.913
58.626
132.968
551.253
121.153
1.800
1.753
5.1634
8.232
8.637
4.726
17,677
83.736
160.239
10.499
59.412
4.685
4.826
10.946
45.381
9.974
20.834
20.840
20.297
59.7840
95.32
54.719
204,670
969.53
1,855
121.56
687.89
54.25
55.88
126.74
525.44
115.48
35.390
38.075
38.086
37.093 109.2567
174.19
2,116
182.75
1,772
3,391
222.16
1,257
99.14
102.12
231.62
960.25
211.04
0.095
0.102
0.102
0.099
0.2921
0.466
5.657
0.489
0.267
4.737
9.065
0.594
3.361
0.265
0.273
0.619
2.567
0.564
1.997
2.149
2.150
2.093
6.1663
9.831
119.423
10.314
5.644
191.363
12.538
70.951
5.595
5.764
13.073
54.195
11.911
1,158
214,724 1,017.158
374,039
21,110
1.221
0.722
0.803
0.785
0.514
1.044
1.123
1.123
1.094
3.2223
5.138
62.407
5.390
2.949
11,031
52.257
18.639
11.022
12.255
11.985
7.845
15.930
17.139
17.144
16.697
49.1800
78.411
952
82.263
45.013
168,367
797.561
1,526
6.552
2.951
37.077
2.924
3.012
6.831
28.321
6.224
565.879
44.626
45.969
104.261
432.241
94.997
3.294
1.948
2.166
2.118
1.386
2.815
3.029
3.030
8.6909
13.856
168.318
14.537
7.955
29,753
140.942
269.711
17.672
100 QATAR RIYAL
41.768
24.698
27.462
26.858
17.579
35.697
38.406
38.416
37.415 110.2049
175.707
2,134
184.338
100.868
377,285
1,787
3,420
224.085
100 SAUDI RIYAL
40.548
23.976
26.660
26.073
17.065
34.654
37.283
37.294
36.321 106.9848
170.573
2,072
178.952
97.921
366,261
1,735
3,320
217.537
1,231
97.078
100 SWEDISH KRONOR
17.878
10.571
11.754
11.496
7.524
15.279
16.438
16.443
16.014
47.1700
75.206
913.546
78.901
43.174
161,486
764.964
1,464
95.913
542.752
42.802
44.090
4.312
2.550
2.835
2.773
1.815
3.686
3.965
3.966
3.863
11.3779
18.140
220.357
19.032
10.414
38,952
184.517
353.099
23.135
130.917
10.324
10.635
24.121
19.621
11.602
12.901
12.617
8.258
16.769
18.041
18.046
17.576
51.7700
82.540 1,002.634
86.595
47.384
177,234
839.563
1,607
105.266
595.680
46.976
48.390
109.752
100 HK$
HK
0.712
0.899
100 THAI BAHT
THAI
0.421
0.920
100 PHILIPPINE PESO
DENM’K
1.087
1.521
100 NORWEGIAN KRONER
BANGL’H
0.643
1.555
100 JAPAN YEN
CHINA
1.112
US $
100 CHINESE RMB
M’SIA
0.657
SWISS FR
100 BANGLAD’H TAKA
AUST
7.886
1,268
8.123
18.425
76.384
16.788
103.010
233.633
968.587
212.874
940.286
206.654
414.576
91.115
226.807
21.978
455.005
Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
Markets 3 9
FUTURES . MONEY MARKET . COMMODITIES
Money market
Index futures
Index points
1980
US Dollar
Long Rolls - KLCI futures
FKLI
Open Interest
1,618.50 90000
(+17.50)
Klibor
USD Index
Index points
-12.00
18
102.00
(+2.00)
Implied interest rate (%)
96.518
(+0.256)
1790
68000
9
94.25
1600
46000
0
86.50
1410
24000
-9
78.75
4.5
3.70
(Unch)
3.5
2000
1220
Jan 4, 2010
Aug 13, 2015
2.5
71.00
-18
Jan 4, 2010
KLCI futures close higher
on technical rebound
Aug 13, 2015
FBM KLCI futures
INDEX AND FUTURES
CONTRACT
SETTLEMENT
CHANGE
VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
The FBM KLCI futures contracts on Bursa FBMKLCI 1,621.62 11.69 161.4M
1,618.50
17.50
11,002 56,532
688
Malaysia Derivatives closed higher yesterday AUG-15
1,606.50
19.50
517
2,390
144
on technical rebound in line with the strong- SEP-15
DEC-15
1,590.50
18.00
41
219
15
er performance on the cash market.
MAR-15
1,584.00
16.50
6
25
4
August 2015 and December 2015 both TOTAL
11,566 59,166
851
added 17.5 points each to 1,618.5 and 1,590.5
BID
OFFER
CLOSE
respectively, September 2015 gained 19.5 FUTURES ROLL OVER
-11.5
-13.0
-12.0
points to 1,606.5 and March 2016 increased AUG/SEP
FUTURES FAIR VALUE
19 points to 1,584.
DAYS TO EXPIRY
KLIBOR DIVIDEND FAIR VALUE
Turnover decreased to 11,566 lots from CONTRACT
16
2.24
3.30
-2.46
15,946 lots on Wednesday while open interest AUG-15
SEP-15
49
7.18
12.08
-2.76
was reduced to 59,166 contracts from 62,165 ROLL’S FAIR
-0.30
contracts previously. The benchmark FBM
KLCI ended 11.69 points higher at 1,621.62.
Stocks in Indonesia and Malaysia snapped
a five-day losing streak, while Singapore
rebounded yesterday, as battered regional after China’s yuan move. Singapore rose 1%,
currencies recovered but outflows in South- its first gain in three days. Thai stocks were
east Asia suggested funds were still cautious down 0.3%. — Agencies
Commodities
CPO vs Soyoil
Open Interest
4200
200000
3450
1950
2,017
Jan 6, 2008
US dollar gets respite as China
eases currency war fears
The US dollar rose from a one-month low
against a basket of major currencies yesterday as the yuan’s fall slowed, easing worries
that China was trying to sharply devalue its
currency to gain competitive advantage.
Having tumbled some 3% against the
greenback since Tuesday in an unprecedented fall, the yuan continued to weaken slightly
yesterday but China’s central bank said there
was no basis for further depreciation.
The decision to devalue China’s currency, also known as the renminbi, by pushing
its official guidance rate down 2% triggered
fears of a “currency war” and sent shockwaves through global financial markets.
Currency investors who had held euro
-funded positions in the yuan and other riskier emerging market currencies responded by
buying back the single currency. — Reuters
1.5
Oct 1, 2000
Aug 13, 2015
Klibor
MONTH
SETTLEMENT
PRICE
SEP5
OCT5
DEC5
MAR6
JUN6
SEP6
DEC6
MAR7
JUN7
SEP7
DEC7
MAR8
JUN8
SEP8
DEC8
MAR9
JUN9
SEP9
DEC9
MAR0
JUN0
JAN-00
TOTAL
(+22)
Crude Oil
Gold
CPO RM/ton
Soyoil US$/Ibs
US$/bbl
US$/troy oz
6400
2,592 0.7300
155.0
(RM0.2933/ton)
CHANGE
96.30
96.30
96.30
96.27
96.24
96.22
96.19
96.19
96.14
96.10
96.05
96.05
96.05
96.05
96.05
96.05
96.05
96.05
96.05
96.05
96.05
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
VOLUME
OPEN
INTEREST
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0
544
—
300
120
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
964
1980
43.35
(+0.15)
5100
0.5475
122.5
105000
3800
0.3650
90.0
1340
57500
2500
0.1825
57.5
1020
0.0000
25.0
700
152500
2700
1200
Aug 13, 2015
CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.
CPO & Open Interest
CPO RM/ton
Oct 2, 2006
Aug 13, 2015
Palm oil rebounds tracking
small recovery in soy
(+22)
1200
Jan 6, 2008
Aug 13, 2015
CPO futures
CONTRACT
AUG-15
SEP-15
OCT-15
NOV-15
DEC-15
LAST
1,986
2,002
2,014
2,036
2,068
CHANGE
16
16
19
22
27
VOLUME
0
1,410
18,843
10,917
4,734
OPEN CHANGE IN
INTEREST OPEN INTEREST
1,290
9,347
68,502
46,348
22,816
1,116.20
(-7.00)
2,017
10000
1660
-418
-1,069
-115
902
1,090
Malaysian palm oil futures posted their biggest gain in more than three weeks yesterday,
tracking a recovery in the soy market, as buyCPO/SOYOIL
ers were tempted back by market weakness. CPO FUTURES
FUTURES BASIS (USD)
By the close, the benchmark palm oil INDICATIVE ROLL-OVER CURRENT
-57.12
AUG/SEP
-16
contract for October on the Bursa Malaysia AUG/OCT
3 MONTHS AVERAGE
-69.45
-28
Derivatives Exchange ended 0.95% higher AUG/NOV
6 MONTHS AVERAGE
-67.91
-50
to RM2,017 a tonne. It regained some of the SEP/OCT
-12
2.2% lost a day earlier.
SGS & ITS EXPORT ESTIMATES (TONNES)
APR’2015
MAY’2015
JUN’2015
Prices earlier touched a more than SHIPMENT DAYS
321/325
465/459
473/469
11-month low of RM1,958, but later recov470/477
734/737
783/780
ered to hit a high at RM2,020. Palm is down 1- 15TH DAYS
1 - 20TH DAYS
707/702
1,047/1,070 1,082/1,074
1.2% so far this week.
1 - 25TH DAYS
907/904
1,405/1,383 1,393/1,400
Traded volume stood at 51,651 lots of 25 FULL MONTH
1,077/1,073
1,551/1,553 1,696/1,649
tonnes each, above the roughly 35,000 lots MALAYSIAN PALM OIL BOARD
JAN’15
FEB’15
MAC’15
APR’15
usually traded by the close. “The market is
1,161
1,122
1,495
1,693
a little bit oversold now, so there’s a retrace- PRODUCTION
1,184
972
1,182
1,175
ment there,” said a trader with a foreign EXPORT
STOCKS
1,770
1,743
1,866
2,194
commodities brokerage in Kuala Lumpur.
MPOB Palm oil physical
Palm oil price discounts compared to
AUG’2015
SEP’2015
OCT’2015
soybean oil widened to around US$150 per (IN RM/TON)
DELD
1,940
1,960
1,970
tonne, from about US$120-US$130 in the CPO
PK EX-MILL
1,221
1,225
1,230
past couple of months, said Rabobank an- CPKO DELD
2,607
2,641
2,645
alyst Pawan Kumar. The widening discounts RBD P.OIL FOB
2,102
2,102
2,090
make palm more attractive to buyers.
RBD P.OLEIN FOB
2,142
2,142
2,130
1,790
1,782
1,770
The Malaysian ringgit was firmer, but still RBD P.STEARIN FOB
hovered near its 17-year low, offering sup- MPOB FFB REF PRICE (MILL GATE PRICE)
GRADE A
GRADE B
GRADE C
port to palm oil prices for overseas custom- REGION
OER (RM/TON)
OER(RM/TON)
OER (RM/TON)
ers as benchmark palm oil is priced in the NORTH
20.00% 391
19.00% 372
18.00% 353
local currency. Crude oil rose as lower US SOUTH
20.00% 398
19.00% 379
18.00% 360
20.00% 397
19.00% 378
18.00% 359
crude stocks and optimistic global demand CENTRAL
projections overrode concerns about a glut EAST COAST 20.00% 393 19.00% 374 18.00% 356
SABAH
22.00% 378
21.00% 361
20.00% 344
of supply. — Reuters
SARAWAK
22.00% 385
21.00% 367
20.00% 350
Apr 10, 2007
Aug 13, 2015
Brent oil price up on US stock
draws, demand outlook
Brent oil prices rose yesterday as lower US
crude stocks and optimistic global demand
projections overrode concerns about a glut
of supply.
US stockpiles of crude and gasoline fell
last week, data from the Energy Information
Administration showed on Wednesday, bolstering sentiment in the US market.
Benchmark North Sea Brent crude oil
was up US 60 cents at US$50.26 a barrel.
US Crude oil was trading at US$43.50 per
barrel, up US 20 cents.
Traders said a slide in the value of the
US dollar against a basket of currencies
this week also helped strengthen oil markets. The US currency rallied yesterday but
reached a one-month low on Wednesday. A
weaker US dollar makes oil more affordable
to holders of other currencies and tends to
support commodity prices. — Reuters
Centrifuged Latex
Aug 31, 2008
Commodities
AGRICULTURE
UNIT
EXCHANGE
RM/TON
SEN/KG
USC/BSH
USC/BSH
USC/BSH
USC/IBS
US$/TON
USC/IBS
USC/IBS
USC/IBS
MDEX
MRB
CBOT
CBOT
CBOT
CME
NYBOT
NYBOT
NYBOT
NYC
2,017
531.00
360.25
960.00
499.00
148.75
3,037
136.05
11.84
64.66
22
9.50
3.00
9.00
6.75
0.05
-15
0.80
0.10
-0.03
US$/TON
USC/IBS
US$/TROY OZ
US$/TROY OZ
US$/TROY OZ
USC/TROY OZ
RMB/TON
RMB/TON
KLTM
CMX
CMX
NYMEX
NYMEX
CMX
SHF
SHF
15,240
2.33
1,116.20
993.20
617.00
15.34
12,140
14,980
-140
-0.02
-7.00
-6.70
-6.45
-0.14
55
355
LIGHT CRUDE OIL
US$/BBL
HEATING OIL
USC/GAL
NATURAL GAS
US$/MMBTU
BRENT CRUDE
US$/BBL
GAS OIL
US$/TON
NYMEX
NYMEX
NYMEX
ICE
ICE
CRUDE PALM OIL
RUBBER
CORN
SOYBEANS
WHEAT
LIVE CATTLE
COCOA
COFFEE
SUGAR
COTTON
METAL & PRECIOUS METALS
TIN
COPPER
GOLD
PLATINUM
PALLADIUM
SILVER
ALUMINIUM
ZINC
ENERGY
43.45
0.15
1.6045 0.0084
2.934 -0.022
50.26
0.60
485.50
7.75
Sen/Kg
1100
1700
900
1325
415.50
950
(+2.50)
500
531.00
(+9.50)
575
300
Jan 7, 2007
LAST PRICE CHANGE
Rubber - M’sia SMR 20
Sen/Kg
700
Aug 13, 2015
200
Aug 13, 2015
Jan 7, 2007
Aug 13, 2015
Markets
40
F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 9
YOUR DAILY FINANCIAL MARKET S ROUNDUP
I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 8
G L O BA L M A R K E T S PA G E 3 7
M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 3 3
RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com]
KLCI 1,621.62
FBM ACE 5,624.16
11.69
197.03 FTSTI 3,091.78
30.29
NIKKEI 20,595.55
202.78
HANG SENG 24,018.80
Intellectuals solve problems, geniuses prevent them.
— Albert Einstein
STOCK
Index point
1628.0
1625.7
1623.4
1621.1
1618.8
1616.5
1614.2
1611.9
1609.6
1607.3
1605.0
8:45
1,621.62
KL Composite Index
(+11.69)
KLCI futures
1,618.5
(+17.50)
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
HSI-HB
MYEG-CL
MAYBANKC12
FBMKLCI-C4
CAP-WA
L&G
GHLSYS
FBMKLCI-HV
KULIM
HARTA
KPJ
COASTAL
MCT
CYBERT
HARVEST
HSI-CY
VOLUME
('000)
CHANGE
(%)
CHANGE
(RM)
CLOSE
(RM)
HIGH
(RM)
LOW
(RM)
32,550
23,383
15,670
9,749
6,986
6,822
6,797
4,887
4,858
4,243
4,199
4,162
3,035
2,638
2,504
2,476
-11.63
33.33
40.00
25.00
0.00
1.35
6.32
-9.68
2.68
2.78
1.46
-2.99
0.85
0.00
8.33
7.37
-0.075
0.020
0.010
0.020
0.000
0.005
0.055
-0.015
0.070
0.220
0.060
-0.060
0.010
0.000
0.015
0.035
0.570
0.080
0.035
0.100
0.035
0.375
0.925
0.140
2.680
8.120
4.160
1.950
1.180
0.050
0.195
0.510
0.615
0.080
0.035
0.110
0.035
0.375
0.930
0.170
2.700
8.180
4.160
2.040
1.190
0.055
0.200
0.515
0.530
0.045
0.030
0.085
0.030
0.370
0.850
0.125
2.570
7.920
4.090
1.920
1.130
0.050
0.175
0.475
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.
1,621.62
(+11.69)
1667.5
1,699.23
KLCI stages technical rebound
as ringgit strengthens
1385.0
1102.5
820.0
Jan 2, 2008
Aug 13, 2015
900
600
300
0
Volume (’mil)
FBM KLCI futures
CONTRACT
SETTLEMENT
CHANGE
HIGH
LOW
AUG-15
SEP-15
DEC-15
1,618.50
1,606.50
1,590.50
17.50
19.50
18.00
1,627.50
1,614.50
1,599.50
1,608.00
1,594.50
1,585.50
KLCI
POINTS
CHANGE
(RM)
CLOSE
(RM)
VOLUME
('000)
3.10
2.03
1.52
1.03
0.72
0.71
0.66
0.62
0.58
0.53
0.37
0.32
0.28
-0.33
-0.40
-0.89
10.86
0.83
11.69
0.190
0.140
0.150
0.080
0.140
0.160
0.100
0.060
0.060
0.070
0.020
0.030
0.020
-0.680
-0.220
-0.060
8.600
5.080
3.940
6.460
5.190
6.870
18.300
2.090
10.860
7.970
1.480
8.070
5.700
62.200
21.020
5.910
10839.8
8615.9
3986.0
4246.5
3990.6
575.2
6613.4
8490.8
11614.1
6700.8
8217.3
4899.5
6743.1
242.9
1574.2
8840.3
FBM KLCI sensitivity*
MAYBANK
CIMB GRP
GENTING MYS
MAXIS
AMMB HLDGS
RHB CAPITAL
PUBLIC BANK
SAPURA-KENCANA
TENAGA NASIONAL
MISC
YTL CORPORATION
SIME DARBY
IHH HEALTHCAR
BRITISH AME TOBACCO
K.LUMPUR KEPONG
AXIATA GROUP
SUB-TOTAL
OTHERS
GRAND TOTAL
* How stock price changes affected the index on the previous trading day
DOW JONES 17,402.51
0.33
Market movers
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES
FBM KLCI & KLCI futures intraday
102.78
FBMKLCI-HK
IDMENSN
IFCAMSC
HSI-HB
SUMATEC
XDL
FRONTKN
IKHMAS
TIGER
APFT
TMS
MYEG-CL
UNISEM
AIRASIA
MAYBANKC10
HSI-HD
FBMKLCI-HG
TAKASO
HSI-CU
MAYBANKC12
TURNOVER
(‘000)
CHANGE
(RM)
CHANGE
(%)
PRICE
(RM)
PE
RATIO
DIVIDEND
YIELD (%)
40,337.2
39,571.0
33,083.5
32,550.4
28,344.0
27,539.3
26,998.9
26,528.8
24,804.4
24,572.3
23,953.7
23,382.6
22,868.5
20,895.8
20,214.5
17,624.1
17,432.7
15,938.9
15,759.5
15,669.5
-0.005
UNCH
0.050
-0.075
UNCH
0.005
0.010
0.045
-0.005
0.010
0.005
0.020
0.060
-0.020
0.010
-0.045
-0.010
-0.020
0.010
0.010
-2.44
UNCH
6.58
-11.63
UNCH
2.86
4.88
7.76
-4.76
4.44
3.70
33.33
3.51
-1.64
33.33
-6.67
-3.51
-3.51
5.41
40.00
0.200
0.140
0.810
0.570
0.140
0.180
0.215
0.625
0.100
0.235
0.140
0.080
1.770
1.200
0.040
0.630
0.275
0.550
0.195
0.035
—
—
12.12
—
7.37
8.50
9.86
—
—
—
—
—
11.22
35.88
—
—
—
—
—
—
0.00
0.00
1.32
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4.09
2.46
0.00
0.00
0.00
0.00
0.00
0.00
Top gainers and losers (ranked by RM)
UP
DLADY
TOPGLOV
CARLSBG
TIMECOM
NESTLE
KOSSAN
LIIHEN
VITROX
VS
MYEG
INARI
SAM
CLOSE
CHANGE
(RM)
DOWN
46.500
7.700
12.380
6.000
72.280
6.800
5.440
3.110
5.400
2.720
3.140
4.720
0.500
0.500
0.440
0.370
0.360
0.310
0.290
0.280
0.270
0.270
0.250
0.230
KLK
BLDPLNT
HSI-HI
UMS
KOSSAN-CH
IJMPLNT
BERTAM
F&N
HLFG
TASCO
HSI-CP
NSOP
0.040
0.220
0.015
0.015
0.015
0.015
0.085
0.035
0.100
0.020
60.00
51.72
50.00
50.00
50.00
50.00
41.67
40.00
33.33
33.33
MPHBCAP-CG
MALAKOF-CE
WASEONG-CN
YTL-CV
YFG-WA
KFM-WA
WINGTM-OR
E&O-CY
MPI-CA
HLIND-CG
CLOSE
CHANGE
(RM)
21.020
8.200
1.450
2.300
0.360
3.380
0.565
18.000
14.280
3.780
0.770
4.510
-0.220
-0.200
-0.200
-0.190
-0.160
-0.120
-0.110
-0.100
-0.100
-0.100
-0.095
-0.090
0.015
0.030
0.015
0.025
0.005
0.015
0.005
0.025
0.070
0.150
-62.50
-60.00
-57.14
-54.55
-50.00
-50.00
-50.00
-44.44
-44.00
-37.50
KUALA LUMPUR: The FBM KLCI gained 11.69 points or
0.7% as the ringgit strengthened after China said there was
no basis for further currency devaluation. The assurance
augured well for world markets.
Reuters reported that Asian shares gained last Thursday, taking heart from a late recovery on Wall Street and
from reassurances from China’s central bank that there
was no basis for further yuan depreciation after it devalued the currency earlier this week.
Top gainers and losers (ranked by percentage)
Malaysia’s KLCI settled at 1,621.62 after falling 26.78
UP
CHANGE
DOWN
CHANGE
points or 1.6% on Wednesday. Yesterday, Japan’s Nikkei
CLOSE
(%)
CLOSE
(%)
225 rose 0.99% while Hong Kong’s Hang Seng gained
FBMKLCI-CN
0.025
66.67
YTL-CY
0.015
-72.73
0.43%.
0.050
66.67
ECOWLD-CB
0.045 -62.50
“Today’s (yesterday) [KLCI] rise is a technical rebound, GENM-C9
UNISEM-CF
0.040
60.00
MPHBCAP-CG
0.015 -62.50
as the index has lost over 100 points since the start of the KAREX-CG
0.220
51.72
MALAKOF-CE
0.030 -60.00
month, due to the recent negative news flow. The index’s RA
0.015
50.00
WASEONG-CN
0.015 -57.14
performance is also in line with the gains in regional mar- CSL-WA
0.015
50.00
YTL-CV
0.025 -54.55
0.015
50.00
YFG-WA
0.005 -50.00
kets,” Public Investment Bank Bhd research head Ching TENAGA-C15
UEMS-C14
0.015
50.00
KFM-WA
0.015 -50.00
Weng Jin told theedgemarkets.com.
0.085
41.67
WINGTM-OR
0.005 -50.00
Across Bursa Malaysia, 1.86 billion shares worth INARI-CH
MAYBANKC12
0.035
40.00
E&O-CY
0.025 -44.44
RM2.21 billion were traded. Gainers beat decliners at 714 MYEG-CK
0.100
33.33
MPI-CA
0.070 -44.00
versus 217 while 252 counters were unchanged.The top FBMKLCI-CX
0.020
33.33
HLIND-CG
0.150 -37.50
gainer was Dutch Lady Milk Industries Bhd while declinTop gainers and losers - warrants (ranked by percentage)
ers were led by Kuala Lumpur Kepong Bhd.
In currency markets, ringgit strengthened to RM4.0107
UP
CHANGE
DOWN
CHANGE
against the US dollar and compared to the euro, the ringCLOSE
(%)
CLOSE
(%)
git changed hands at RM4.4594. — by Ahmad Naqib Idris FBMKLCI-CN
0.025
66.67
YTL-CY
0.015 -72.73
GENM-C9
0.050
66.67
ECOWLD-CB
0.045 -62.50
World equity indices
DOW JONES
S&P 500
NASDAQ 100
FTSE 100
AUSTRALIA
CHINA
HONG KONG
INDIA
CLOSE
CHANGE
17,402.51
2,086.05
4,528.19
6,571.19
5,387.87
3,954.56
24,018.80
27,549.53
-0.33
1.98
14.20
-93.35
5.79
68.24
102.78
37.27
INDONESIA
JAPAN
KOREA
PHILIPPINES
SINGAPORE
TAIWAN
THAILAND
VIETNAM
CLOSE
CHANGE
4,584.25
20,595.55
1,983.46
7,439.80
3,091.78
8,311.74
1,404.15
594.26
104.76
202.78
7.99
-55.63
30.29
28.36
-4.17
-9.98
UNISEM-CF
KAREX-CG
RA
CSL-WA
TENAGA-C15
UEMS-C14
INARI-CH
MAYBANKC12
MYEG-CK
FBMKLCI-CX
We thank you for your support
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WOULD YOU BUY A
PROPERTY ON PENANG
ISLAND OR
THE MAINLAND?
E V E R Y F R I D AY I N
Find out what Penangites prefer
and why. Listen to
their responses at
theedgeproperty.com
www.theedgeproperty.com
FRIDAY AUGUST 14, 2015
EP3 NEWS
EP7 DEALMAKERS
EP8 FENG SHUI
21 finalists selected for
ultimate showdown
All in the family
Joey Yap on the best
environment for your home
Make room for
BUKIT JALIL
With a new mall coming up and two more LRT stations being
completed, Bukit Jalil, Kuala Lumpur, is set to come up strong
on the radar screen of property investors. Its housing values
have recorded an impressive performance in the past two years,
according to analysis of transaction data by theedgeproperty.com.
See story on ep4&5.
Check out a video
theedgeproperty.com
for this area on
Market Watch EP6.
SAM FONG/THE EDGE PROPERTY
EP
2
PROPERTY
+
ON
at www.theedgeproperty.com
Promising
outlook for
Bukit Jalil
Penang —
island or
mainland?
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| NEWS
NEWS ROUNDUP
Go to theedgeproperty.com for more listings
RM369.97 million cash, or more
The SPA covers the development
than double its original purchase rights to build a commercial tower.
price of RM140.5 million.
The disposal was undertaken by
Senai Airport City Sdn Bhd (SACSB),
a wholly owned unit of Senai Airport
Terminal Services Sdn Bhd, which
Jumeirah Group partners
in turn is wholly owned by MMC.
with Oxley Malaysia to
SACSB is a property company.
operate luxury hotel and
In an announcement to Bursa
residence
Malaysia on Aug 11, MMC said the
Global hotel company Jumeirah land was purchased at RM140.5 GBI targets 100 green-rated
factories by 2020
Group has signed an agreement million in 2009.
with Oxley Malaysia to operate a
The Malaysian Green Building Inluxury hotel and residences under Affin Bank buys land
dex (GBI) has set itself a target of
the Jumeirah brand at Oxley Ma- from 1MDB
100 green-rated factories by 2020,
laysia’s integrated development Affin Bank Bhd, which is controlled according to the chairman of Green
on Jalan Ampang, Kuala Lumpur. by Lembaga Tabung Angkatan Ten- Building Index Accreditation Panel,
Jumeirah Kuala Lumpur Hotel will tera (LTAT), is paying RM255 mil- Von Kok Leong.
have 190 rooms and suites, two res- lion cash to buy a parcel of land
“To date, we have 32 registered
taurants, lounge, bar, spa, fitness club in the Tun Razak Exchange (TRX) green factory projects (comprising
and swimming pool. The residences, development project by 1Malaysia about 300 buildings) registered unJumeirah Living Kuala Lumpur, will Development Bhd (1MDB).
der GBI out of the total 700 factory
have 273 units of accommodation.
Affin Bank, a wholly owned unit projects in Malaysia,” said Von dur“Our agreement with Oxley Ma- of Affin Holdings Bhd, announced ing during the media briefing, Suslaysia paves the way for Jumeirah’s that it entered into a sale and pur- tainable Manufacturing: Malaysia
entry into the Malaysian market. chase agreement (SPA) with KLIFD Aims for Green Factories over the
This prestigious development rein- Sdn Bhd, a unit of 1MDB, to acquire Next Five Years, on Aug 10.
forces Jumeirah’s brand reputation the tract measuring 54,266 sq ft, near
One of the challenges in achievand will appeal to our loyal cus- Jalan Tun Razak, Kuala Lumpur.
ing the target number of green-rattomers who stay in our properties
The purchase price translates ed factories is understanding the
across Europe, the Middle East and into RM4,699.07 per sq ft (psf) — a relationship between return on
Asia,” said Jumeirah Group presi- record land transaction price in the investment and the cost of builddent and CEO Gerard Lawless in a Kuala Lumpur city centre.
ing, noted Von.
statement on Aug 12.
According to Affin Holdings
“Usually, manufacturers are
The Jumeirah hotel and res- group CEO Kamarul Ariffin Mohd concerned about the cost incurred
idences will occupy part of a Jamil, the land has been inde- [for accreditation] as they would
three-tower project to be built on pendently valued at RM261 million. need to shut down a part of their
a tract measuring over 135,000 sq ft. He said this means that the bank- factory to refurbish it. They might
Construction is expected to start in ing group is buying it at a discount. incur a large initial cost in doing
2016, and will be completed in 2021.
Affin Bank is the second gov- so, but the crucial part is to eduernment-linked company that has cate them about the savings they
MMC sells Senai land for
bought land in TRX after Lembaga will get in return from their initial
RM369.97 mil
Tabung Haji, which paid RM188.5 investment,” said Von.
MMC Corp Bhd has sold three par- million, or RM2,780 psf for a 1.56He added that another challenge
cels of land totalling 188.7 acres acre (0.64ha) tract there.
would be for manufacturers to show
(76.4 ha) in Senai Airport City, JoThe Tabung Haji land deal met an increment in their productivity
hor, to I-Park Sdn Bhd, a member with public outcry, especially from and output after the initiation of
of the Johor-based AME Group, for its depositors, three months back. the green factory status.
LAUNCHES & EVENTS
ARCHIDEX 15
Date: Now to Aug 15 (Sat)
Venue: Kuala Lumpur Convention Centre
Time: 10am to 7pm
Contact: (03) 7982 4668
ARCHIDEX, (the International
Architecture, Interior Design &
Building Exhibition) is Malaysia’s
largest annual trade exhibition.
Since it was first organised in 2000,
it has evolved from covering the
interior design industry to every
segment of the entire architecture,
design and building trade.
Tropicana Metropark Bazaar
Date: Aug 15 (Sat)
Venue: Tropicana Metropark
Property Gallery, Lot 38515, Jalan
Delima 1/1, Taman Perindustrian
Teknologi Tinggi Subang, Subang
Time: 11am to 7pm
Contact: (03) 5636 8888
An exciting fun-filled day, with
music performances by Atilia,
Hot DJ Mixes and Prema Yin with
Pawse for a Cause, food trucks, as
well as stalls selling collectibles,
gadgets, homemade food and
drinks, garments, accessories and
much more. Tropicana Metropark
by Tropicana Corp Bhd is an 88-
acre integrated development in
Subang with a comprehensive
range of educational, medical,
commercial and public facilities.
The Lincoln at The York,
Melbourne-Malaysia
Exhibition
Date: Aug 15 (tomorrow) and Aug
16 (Sun)
Venue: Boardroom 3, Level 3,
Eastin Hotel, Petaling Jaya
Time: 11am to 7pm
Contact: (+614) 0054 4550
Australian developer R. Corporation is having its Malaysia official
launch of The York apartments
and penthouses. Among its previous projects are Botanicca Corporate Park, Richmond; Tribeca in
East Melbourne; Metropol in St.
Two Penang heritage
bungalows for sale
Property services firm Raine &
Horne International Zaki + Partners Sdn Bhd is selling by tender
two Malay-style heritage bungalows
on an adjoining land in Pulau Tikus, Penang, for a collective reserve
price of RM18.05 million.
Situated at the intersection of Cantonment Road and Jalan Kelawei, the
site is close to Gurney Drive.
Placed under ‘Category 2’ by
George Town World Heritage Inc
as “building, objects and sites of
special interest that warrant every
effort being made to preserve them”,
the heritage site boasts plenty of
potential for restoration.
“This site presents a great opportunity for buyers to purchase
the heritage homes together with
a strategic piece of land, for a reasonable price. One of the hottest
commercial spots of Pulau Tikus, the site is certainly suitable for
restoration,” said senior partner of
Raine & Horne International Zaki
+ Parners Sdn Bhd Michael Geh.
“The heritage bungalows and
the land are ideal for owner-occupiers, especially those looking to do
a tourism-based, service-oriented
business in a high-visibility area,”
he added.
Given the site’s total land area
of 22,565 sq ft, it would also provide ample parking space, a rarity
in Pulau Tikus, said Geh.
If you have any real estate-related events, email us at propertyeditor@bizedge.com.
Events listed here will also appear on theedgeproperty.com.
Kilda; Park Terraces in North Melbourne; and Clara in South Yarra.
MASPEX, Penang
Date: Now to Aug 16 (Sun)
Venue: Queensbay Mall, Penang
Time: 11am to 5pm
Contact: (04) 228 8333
A showcase of secondary market
properties in Penang. There will
be talks over the weekend on the
state of the property market in
Penang. This four-day event is
organised by the Malaysian Institute of Estate Agents.
Seremban 2 Rock Raya
Concert
Date: Aug 15 (tomorrow)
Venue: S2 Centrio (opposite Mydin), Seremban 2, Negri Sembilan
Time: 7.30pm to 11.30 pm
Contact: 1 800 222 456
S2 Rock Raya concert is held in
conjunction with Hari Raya and
the 20th anniversary celebration
of IJM Land’s Seremban 2 project. There will be performances
by top Malaysian artistes such as
Awie, Amy Search, Black, Kumpulan Jambu (Maharaja Lawak 2013,
Nadia AF 6, Sinar FM DJ Krill and
Raja Azura). Admission is free.
Coffee Appreciation and Latte
Workshop at IOI Galleria
Date: Aug 15 (tomorrow)
and 16 (Sun)
Venue: IOI Galleria @ Puchong,
Selangor
Time: 11am to 4pm
Contact: (03) 8060 8833 or (012)
906 0681
Pick up useful tips and simple techniques for brewing the perfect cup
of great-tasting gourmet coffee.
Come and learn about specialty
coffee, the art of milk frothing and
more from the experts. This is a free
workshop organised by IOI Properties. Spaces are limited, so please
RSVP to the numbers above.
Corals at Keppel Bay
Property Exhibition
Date: Aug 15 (tomorrow) and Aug
16 (Sun)
Venue: Grand Hyatt Kuala Lumpur
Grand Residence, Room 102
Time: 10 am to 7pm
Contact: (65) 6498 2003
Singapore developer Keppel Land
showcases its latest project, Corals
at Keppal Bay, Singapore, designed
by renowned architect Daniel
Libeskind. Prices of the units start
at S$ 1.4 million (RM3.98 million).
NEWS |
MASPEX Penang expects
15,000 visitors
theedgeproperty.com’s booth to provide information to buyers, investors, sellers
BY N ATA L I E KHOO & RACHEL CHEW
PENANG: The Malaysian Secondary Property
Exhibition Penang 2015 (MASPEX 2015) is
expected to draw a crowd of 15,000 visitors
to the event from Aug 13 to 16.
President and advisor of the MASPEX
2015 organising committee and Malaysian
Institute of Estate Agents (MIEA) president,
Erick Kho said there will be over 30 booths
and 6,000 property listings worth RM3 billion
for prospective buyers to choose from at the
exhibition. The event is organised by MIEA.
‘’Although the market is tough, we can
see an increase in the volume of property
transactions nationwide — 384,000 in 2014
as compared to 381,000 in year 2013. The
transaction value has also increased from
RM152 billion to RM162 billion with 60%
to 65% derived from the secondary market group,” said Kho at the opening of the
Penang edition of the exhibition yesterday.
Kayte Teh, the vice-president and advisor
of MASPEX 2015 added that the secondary
home market takes up 70% of the housing
property market share.
“Secondary home market prices are 15%
to 20% lower than newly launched properties, and this is where MASPEX comes in,”
said Teh at the same event.
Kho added that prices of secondary market housing have been stagnant in the first
half of this year due to the implementation
of the Goods and Services Tax and the weakening ringgit. “I believe when the [buyers]
confidence is back in the next few months,
we will see prices of secondary houses go
up by 15% to 20%,” said Kho
Micheal Geh, senior partner to Raine
& Horne International Zaki+Partners Sdn
Bhd who was also at the event, believed
the transacted volume on the Penang secondary market will rise in the second half
of the year as prices on the primary market
have hit record highs over the past five years.
“People started to look for properties in
secondary market because generally it is
15% to 20% priced (below newly launched
properties). Moreover, Penang is benefiting
from the Penang Integrated Transport Masterplan. I think optimism is in the air,” said
Geh. He added that he does not rule out the
possibility of a 5% price-drop on primary
PROPERTY
+
EP
3
21 finalists
selected for
ultimate
showdown
BY N ATA L IE K H O O
(From left) Au, Chow and Kho at theedgeproperty.com’s booth. Photo by Mohd Izwan Mohd Nazam
market property in the near future.
Au Foong Yee, the managing director of
The Edge Communications Sdn Bhd and The
Edge Property Sdn Bhd present at the exhibition yesterday, was excited about welcoming visitors to theedgeproperty.com’s booth.
“theedgeproperty.com’s booth can provide very useful information to buyers, investors and sellers as we have data and analytics
for anyone who is looking for information
for any kind of property projects,” said Au.
Au also added that theedgeproperty.com
has a list of listed and registered agents to
provide the correct kind of information —
especially to the general public.
The new one-stop property portal by The
Edge Media Group features news, listings
and a full range of analytical tools, which
include indicative valuations, past transactions, rental rates, trends, hotspots, and
new project launches.
Its booth drew many property agents and
negotiators who signed up to list their properties and avail themselves of the free and
exclusive agent tools on the portal.
Exhibitors included real estate agencies,
property services firms and financial insti-
tutions such as Malayan Banking Bhd, the
event's main sponsor.
Held at Queensbay Mall, MASPEX also
featured seminars on secondary property
hotspots, Feng Shui, the impact of GST on
the property segment and Penang infrastructure projects and their impact on the
local property market.
The event was officiated by Penang State
Executive Councillor, Chow Kon Yeow.
One of the visitors at MASPEX Penang was
retiree S C Chew, 52, who was looking for his
fourth investment property. He said he will
consider buying another house within this year
despite the overall property market slowdown.
“I always go for the secondary market because of the established locations. Although
the market is slow, it is also a good time to
find a value-buy because there are so many
choices in the market,” said Chew.
Khoo & Associates Realty negotiator Dannis Lim said the Penang secondary market
had never been slow in the past few years.
“There are still many people who want to
buy a property despite the high rate of loan
rejections. People are constantly searching
for good deals,” said Lim.
KUALA LUMPUR: The much-anticipated The Edge-Mah Sing Millionaire Contest is definitely heating up as the 21 finalists have been
chosen recently and are currently
being notified.
The online contest is a collaboration between The Edge Media Group
and Mah Sing Group, which started
back in June. One winner will be walking away with a RM1 million voucher
to purchase a Mah Sing residential
property.
“We are very excited to announce
that the 21 finalists who will be competing for a RM1 million voucher
to purchase a Mah Sing property
have been selected. My team have
just started notifying the 21 finalists (via phone) and some just can’t
believe it. They even thought it was
a prank call!,” Mah Sing’s executive
director and CEO Ng Chai Yong told
theedgeproperty.com.
The online contest, which closed
on July 31, saw an overwhelming
response of over 11,000 entries.
“There will be a grand finale
challenge on Aug 22 where the 21
finalists will compete in some fun
games so we would like to wish
them all the best. While I can’t reveal what games we have in store
for them, all i can say is don’t be
late and rest well! One person will
be walking away with a RM1 million
voucher for a Mah Sing property.
It is going to be very exciting!,” he
adds. The grand finale challenge
will be at Southville City @ KL South
Bangi.
The Edge-Mah Sing Millionaire
contest is the first collaboration
between The Edge Media Group
and Mah Sing Group.
Penang to allow selection of affordable housing
BY SU PRI YA SU REN DRAN & LAM JIAN W YN
GEORGETOWN: The Penang state government will allow potential buyers of affordable homes in the state to choose the projects
they would like to live in, said state executive
councilor for housing and town and country
planning Jagdeep Singh Deo.
This applies to affordable housing projects
involving units costing between RM200,000
to RM400,000 on the island and RM150,000
to RM250,000 on the mainland.
Jagdeep explained that this decision was
made in view of the "quite a large sum for
any potential first-time buyers, we would
therefore allow them to select the project
that they are interested in,” he said at the
Fiabci-Penang International Property Conference 2015 on Aug 7.
He added that the state is also considering putting a number of affordable housing
units on the open market, but stressed that
first-time homebuyers in the middle-income group would be given priority before
this is done.
Meanwhile, the state government has
undertaken 12 affordable housing projects
across Penang with an incoming supply of
22,512 units due over the next 15 years, said
chief minister Lim Guan Eng.
The first batch of homes will be in phase
one of Bandar Cassia in Batu Kawan, on the
mainland, which will be completed next
year, he said.
However, he noted that the state government’s affordable housing efforts were hobbled
by the slow approval of the Advertising Permits
and Developer Licences (APDL) by the Housing Ministry. Of 48 applications made a year
ago, only 14 were approved as at April this year.
“I am told by developers who have applied
for their APDLs and who are waiting that
they have complied with all requirements,
and as such there is no reason whatsoever
for the ministry to withhold the issuance of
their APDLs,” said Lim.
Property+ has not verified this claim.
Meanwhile, to counter the problem of
high loan rejection rates, the state government is mulling new measures to encourage
the ownership of affordable homes.
Jagdeep said the state could raise the income cap for eligible buyers from a household
income of between RM6,000 to RM10,000,
to RM9,000 to RM15,000 for homes priced
between RM200,000 to RM400,000.
“However, it does not achieve the state’s
objective of assisting the lower and middle-income groups,” he pointed out.
He added that the state government is
also considering a new and cheaper type of
affordable housing priced around RM150,000
for the low and middle-income group, with
the income cap maintained at RM6,000.
EP
4
PROPERTY
+
| C OV E R ST O RY
FR
B
by
Vista Komanwel Condominiums is one of the
earliest high-rise developments in Bukit Jalil.
Photo by Patrick Goh
T
as
Various condominiums and serviced apartments have been developed in Bukit Jalil over the years. Photo by Sam Fong
Bukit Jalil’s impressive run
Check out a video
theedgeproperty.com
for this area on
Market Watch EP6.
The average transacted price psf for non-landed homes in Bukit Jalil rose 19.3% to RM444
in 3Q2014 from the previous year after an even higher growth of 25.1% in the preceding year
BY RAC H EA L L EE
B
ukit Jalil in Kuala Lumpur came
into prominence when it was
chosen as the location for Malaysia’s National Sports Complex, the venue of the 1998 Commonwealth Games. The global
sports event catalysed the construction of
slew of apartments blocks in the area to accommodate athletes.
The Bukit Jalil neighbourhood has gradually evolved since then. While it continues
to be the nation’s premier sports hub, it has
also attracted educational institutions to set
up campuses there, including Asia Pacific
University (APU; formerly known as APIIT);
International Medical University (IMU);
FTMS (Financial Training & Management
Services) Global College and TPM (Technology Park Malaysia) College.
Various condominiums and serviced
apartments have also been developed here
over the years, and dramatic changes are
expected in its landscape as new lifestyle
integrated developments such as the 50acre Bukit Jalil City are completed in the
near future.
Bukit Jalil’s popularity lies in its proximity
to Kuala Lumpur city centre and the fact that
it is sandwiched between well-established
areas such as Cheras, OUG and Sungai Besi,
and Puchong, Seri Kembangan and Putrajaya. It is easily accessible via Shah Alam
Expressway (Kesas), Bukit Jalil Expressway,
Maju Expressway (Mex) and the KL-Seremban Highway. In its vicinity are two light rail
transit stations, namely the Bukit Jalil and Sri
Petaling LRT stations, with two upcoming
ones along the Ampang LRT line extension.
Berjaya Land Bhd became a pioneer developer in Bukit Jalil when it obtained approval for the masterplan of its 400-acre
freehold parcel there in 1985, with the first
launch being bungalow lots in the early
1990s.
Today, that parcel holds an 18-hole golf
course and clubhouse, primary and second-
KM1 (West) by Berjaya Land is the most expensive
condo in Bukit Jalil by average price psf.
ary schools, the Calvary Convention Centre,
and retail, commercial and residential properties that include bungalows and high-rises.
Its high-rise residences include Savanna and
Savanna 2, KM1 East and West, Greenfields,
Arena Green and Green Avenue.
Its latest launch was Phase 1 of The Link
2 mixed-use development in 2014, on a
4.75-acre land next to Calvary Convention
Centre. The phase comprises 22 units of 4
and 6-storey shops, 178 units of shoplets as
well as 539 condominium units. Phase 2 is
still in the planning stages.
Strong rental market
Property agents say Bukit Jalil attracts an
almost-even mix of owner-occupiers and
buy-to-let investors. Many property investors look to rent their units to students while
The Treez Jalil Residence is one of the closest high-rise
homes to the upcoming Pavilion 2 mall.
most homebuyers are from the more mature
neighbouring areas such as OUG and Cheras.
Director of Metro Homes Sdn Bhd, See
Kok Loong, notes that owner-occupiers
tend to be young families living in their first
own home.
Meanwhile, head of sales at Global Link
Properties Ken Kong says investors are looking to buy properties that are located near
LRT stations to rent to students and working adults.
According to research by theedgeproperty.com, the top 10 non-landed residential
properties with the highest indicative asking rental yields as at June, 2015, are mostly
older developments. Sri Rakyat Apartment
has the highest indicative asking rental
yield at 8.3%, due to its low capital value
(RM175 psf) and compact unit sizes (a typ-
ical three-bedroom unit is about 670 sq ft).
With average asking monthly rents at
RM790 or RM1.20 psf, Sri Rakyat Apartment
is the only non-landed property in Bukit Jalil
where rental is under RM1,000 — making
it the least expensive non-landed property
in that area, both in the rental and sub-sale
markets.
The next top-performing property based
on indicative asking rental yields are Vista
Komanwel B and Vista Komanwel A with
yields of 5.9% and 5.2%, respectively. Arena
Green’s and Savanna 1’s indicative asking
rental yields are 5.1%, while Vista Komanwel C’s is at 5%.
C N Liew, senior real estate agent at GS
Realty, notes that there are generally two
categories of tenants in Bukit Jalil: the newer,
higher-end condominiums attract working
professionals while the older, more affordable condos attract students.
“The nearer the condominiums are to
the colleges, the better their prospects are
at getting students,” he says.
The Vista Komanwel condominiums were
initially built to house athletes during the
1998 Commonwealth Games, and they are
now among the non-landed residences located close to the higher learning institutions.
Research by theedgeproperty.com shows
that these condos have generated decent
rental yields of between 5% and 6%, which
can be attributed to their proximity to IMU
and an LRT station.
Global Link Properties’ Kong also notes
that there are a number of university students
who choose to continue to stay in Bukit Jalil
after completing their studies.
“Homebuyers in Bukit Jalil are mostly
from the younger generation looking at
high-end properties. They are attracted to
the freehold titles of these homes and their
proximity to amenities such as highways,”
he says. “There will be a new shopping mall,
Pavilion 2 in the Bukit Jalil City project soon,
so this is an upcoming area for lifestyle and
leisure,” he adds.
Bukit Jalil City is a 50-acre freehold in-
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C OV E R ST O RY |
PROPERTY
+
EP
5
Source: theedgeproperty.com
Bukit Jalil non-landed residential average price
by average price (RM/psf)
Source: theedgeproperty.com
Top 10 condominiums/apartments in Bukit Jalil with highest indicative asking rental yield
as at June 2015
ft).
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See: As integrated developments with shopping
malls or commercial elements are developed,
Bukit Jalil can become a self-contained
community. Photo by Mohd Izwan Mohd Nazam
tegrated development with a gross development value of RM3.5 billion, jointly developed by Malton Bhd and Ho Hup
Construction Co Bhd. It will be developed
over four phases and scheduled for completion in 2019.
Phase 1, which has 112 units of threeand five-storey shop offices, has been fully
taken up. Phase 2, offering The Park Sky
Residence was launched in June with 500
units of serviced apartments released for
sale from RM775 psf. The project comprises
a total of four blocks of serviced apartments
with 1,098 units. It will feature 2-bedroom,
3-bedroom and dual-key units, with a builtup area of between 868 sq ft and 1,565 sq ft.
Phase 3 will involve the development of
the regional shopping mall currently dubbed
Pavilion 2, while Phase 4 will either be a hotel or a corporate office tower.
The Treez Jalil Residence, Sri Rakyat
Apartments and Jalil Damai Apartments
are the closest high-rise homes to the upcoming Pavilion 2 mall.
Rising values
Compared with five years ago when the
average launch price of new non-landed
homes was just slightly over RM300 psf, new
launch prices have since jumped to as high
as RM800 psf, says Kong.
Housing prices in Bukit Jalil have certainly
recorded an impressive run lately. According to research by theedgeproperty.com, the
average transacted price psf for non-landed
Adzman Shah: Demand (in Bukit Jalil) will rise with
population growth as well as from the positive spillover from KL city centre and the Old Klang Road
area. Photo by Kenny Yap
homes in Bukit Jalil rose 19.3% to RM444 in
3Q2014 from the previous year. This follows
an even higher growth of 25.1% during the
preceding year. Transaction volume for
the 12 months to 3Q2014 slipped just 5.1%,
showing steady demand even in a general
market slowdown.
theedgeproperty.com’s research also
reveals that the top five most expensive
non-landed residential properties by average
price psf in Bukit Jalil as of 3Q2014 were the
newer developments that were completed
over the past three years, with KM1 by Berjaya Land identified as the most expensive
at RM649 psf.
This project sits on a 3.67-acre freehold
site with two 26-storey towers of 350 units in
total and a 4-storey car park podium. The
units have a built-up area of between 1,331
sq ft and 1,508 sq ft. Facilities include
swimming pool, playground, gymnasium, tennis court, half basketball court,
pool deck, multi-purpose hall and sauna.
The first tower, KM1 (West), was completed in March last year.
The next-most expensive non-landed
homes were The Treez Jalil Residence at
RM647 psf (developed by Exsim Group
of Companies), Covillea at RM581
psf (developed by Berjaya
Land), Kiara Residence at
RM535 psf (a joint-venture between Aston Villa
and YAKIN) and The Z
Residence at RM520
The Ampang LRT line extension is expected to bring better accessibility for Bukit Jalil residents.
psf (developed by Trinity Group).
The most affordable non-landed residential property in Bukit Jalil in 3Q2014 according
to theedgeproperty.com’s analysis was Sri
Rakyat Apartment at RM175 psf, which also
had the highest average price growth of 30.7%.
The second-most affordable non-landed residential property in Bukit Jalil as of
3Q2014 was Bukit OUG Condominiums at
RM294 psf, followed by Vista Komanwel B
(RM358 psf ), Vista Komanwel A (RM364
psf ) and Arena Green (RM401 psf ).
The lower pricing of some of these properties has also presented opportunities for
price growth due to their relatively lower
entry price barrier. After Sri Rakyat Apartment, the next non-landed property with
the highest average price annual growth was
Vista Komanwel C at 24.3% (RM403 psf ),
followed by Bukit OUG Condominiums at
21.4% (RM294 psf), Jalil Damai Apartments
at 16.8% (RM407 psf ) and Anjung Hijau at
16.7% (RM455 psf ).
According to ExaStrata Solutions Sdn Bhd
chief real estate consultant Adzman Shah
Mohd Ariffin, Bukit Jalil is becoming more
popular among owner-occupiers due to its
location, improving infrastructure, and its
relatively lower property prices compared
with more mature areas in the Klang Valley.
“Bukit Jalil attracts young families who
are looking for their first home of their own
occupation due to its relatively lower prices,” he says.
GS Realty’s Liew says the sub-sale value
for homes in Bukit Jalil are, in general, 10%
to 15% higher than bank valuations due to
the strong overall demand for the properties
here, for both owner occupation and rental.
Traffic congestion and future outlook
On the flipside, the high student population
here may deter some homebuyers. “There
are owners who don’t like to stay in Bukit
Jalil because of the student population and
the traffic congestion,” says Liew.
Traffic congestion in Bukit Jalil is notorious and gets even worse when there is an
event at the National Sports Complex.
“The traffic is very bad at
that area, especially if there
is an event at the stadium.
Many owner-occupiers
have moved away from
this area because of this
Kong: Homebuyers
in Bukit Jalil are
mostly from the
younger generation
looking at high-end
properties.
reason, even though there are many facilities and schools here,” Liew adds. “If the
road system here can be improved, there
would be more people who would choose
to stay here.”
Metro Homes’ See notes that the Ampang LRT line extension that is scheduled
for completion in the next two years would
make areas such as Puchong more accessible to Bukit Jalil residents. The nearest station of the LRT extension to Bukit Jalil is the
Awan Besar station, which is located near
the Awan Besar interchange and Bukit Jalil
Golf & Country Club. The scheduled upgrade
of the Bukit Jalil Expressway is also expected
to reduce the traffic congestion there.
He says the current property trend in
Bukit Jalil is towards high-end/high-rise
residences, which he foresees will continue
due to rising demand as well as the higher
plot ratio allowed in Kuala Lumpur.
With more non-landed residential projects scheduled for completion over the next
three to four years, will there be an oversupply situation in Bukit Jalil?
“[Oversupply] might be a concern in the
short term when the projects are delivered
at the same time but it should be alright in
the longer term,” says See. “Condominiums
with full facilities and close to the LRT are a
norm here. As integrated developments with
shopping malls or commercial elements are
developed, Bukit Jalil can become a self-contained community.”
ExaStrata Solutions’ Adzman Shah concurs as he expects demand to rise with population growth as well as from the positive
spillover from KL city centre and the Old
Klang Road area.
On the outlook for Bukit Jalil, he expects
property prices to rise gradually due to rising costs as well as from the overall higher
demand for properties close to LRT/MRT
stations and highways.
“New supply in Bukit Jalil will be in the
form of high-rise strata apartments to cater for the growing population in the area
[at] prices within reach of middle income
households,” he says. Among the non-landed residential projects scheduled for completion in the next three to
four years include Casa
Green, The Rainz,
Parkhill Residences
and Twin Arkz.
Liew: The nearer
the condominiums
are to the colleges,
the better their
prospects are at
getting students.
EP
6
PROPERTY
+
| M A R K E T WAT C H
Go to theedgeproperty.com for more listings
FOR SALE [in Bukit Jalil, Kuala Lumpur]
Arena Green
Type: Condominium/
serviced residence
Tenure: Freehold
Asking price: RM385,000
Built-up area: 816 sq ft
Bedroom(s): 3
Bathroom(s): 2
Description: Mid-floor, corner unit
with a view of the sports stadium.
Walking distance to Bukit Jalil LRT
station, Taman Bukit Jalil and shops.
Five-minute drive to Technology
Park Malaysia, Astro, International
Medical University, APPIT/UCTI,
OUG and Sri Petaling. Easy access
to Kesas, Mex, Lebuhraya Bukit Jalil,
KL-Seremban Highway and MRR2.
Agent/negotiator: Sean Lee of
Peninsular Property Agent
Tel: (016) 201 6148
Email: callmeseanlee@gmail.com
The Z Residence
Type: Condominium/
serviced residence
Tenure: Freehold
Built-up area: 1,407 sq ft
Bedroom(s): 3
Bathroom(s): 2
Description: Corner unit with city
view, air-conditioning and balcony.
Facilities: Landscaped floating
garden, sky lounge, infinity
swimming pool, wading
pool, playground, BBQ area,
sauna, gazebo, more.
Amenities: Plaza OUG, Endah
Parade, Giant, Sunway Pyramid,
International Medical University,
clinics, schools, Bukit Jalil
Recreational Park, Bukit Jalil
Golf & Country Resort and
Bukit Komanwel Recreational
Park, etc. Easy reach of Kuala
Lumpur, Damansara, Cyberjaya,
Klang, Shah Alam, KLIA,
Cheras and Seri Kembangan
via very good road network.
Agent/negotiator: Simmie Tan
of Starcity Property Sdn Bhd
Tel: (017) 222 8900
Email: simmietan@hotmail.com
Vista Komanwel B
Type: Condominium/
serviced residence
Tenure: Freehold
Bedroom(s): 3
Bathroom(s): 2
Description: Corner unit with
balcony facing Vista Komanwel
C. Distinctively renovated and
furnished. Clean and wellmaintained property, owner
occupied. Fully renovated
bathrooms with high-quality
fittings, renovated wet and dry
kitchen with built-in cabinets by
Signature Kitchen, etc, and Bacfree
water filter, plus master Bacfree
filter for the building. Plaster
ceiling, quality lighting and fittings.
All bedrooms come with meranti
wooden doors, quality locks; tinted
windows. One fixed parking bay
and one floating parking bay. Very
good amenities and road network.
Agent/negotiator: Serine
Liew of GS Realty
Tel: (017) 383 1455
Email: cherineliew18@gmail.com
KM1
Type: Condominium/
serviced residence
Tenure: Freehold
Bedroom(s): 3
Bathroom(s): 3
Description: KM1 West is located in
an established neighbourhood and
equipped with a 24-hour card access
security system, CCTV at lift lobby
area and compound. Conveniently
connected to Sri Petaling and Bukit
Jalil LRT stations and major highways.
Comprises two blocks, with seven
units per floor. Numerous amenities
nearby, such as The Link Business
Centre, Aked Esplanade, Bukit Jalil
Golf & Country Club, Recreational
Park and National Sports Complex.
Agent/negotiator: Jaycee Cheong of
CBD Properties (Puchong) Sdn Bhd
Tel: (012) 762 2862
Email: jayceechm1319@gmail.com
Vista Komanwel C
Type: Condominium/
serviced residence
Tenure: Freehold
Bedroom(s): 3
Bathroom(s): 2
Description: Located next to Sri
Petaling LRT station and amenities
such as Endah Parade. Walking
distance to Bukit Jalil National Sports
Complex. Fully furnished unit with air
conditioning, wardrobe, dining table,
sofa bed, water heater, fridge, kitchen
cabinet, hood, hob, and one parking
lot. Tenanted until September, 2016.
Agent/negotiator: Kah Seng
Chen of Jann Properties
Tel: (016) 341 3076
Email: cks6313@hotmail.com
Bukit OUG Condominiums
Type: Condominium/
serviced residence
Tenure: Freehold
Bedroom(s): 2
Bathroom(s): 1
Description: Fully furnished
and renovated studio unit.
Near amenities, good for own
FOR RENT [in Bukit Jalil]
stay or investment with
good rental return.
Agent/negotiator: Emily
Tai of TPE Realty
Tel: (012) 286 3325
Email: tsemily@gmail.com
Bukit OUG Condominiums
Type: Condominium/
serviced residence
Tenure: Freehold
Bedroom(s): 1
Bathroom(s): 1
Description: Mid-floor unit with
unobstructed views, new paint and
plaster ceiling. Good condition.
Agent/negotiator: Carmen
Chow of Oriental Realty
Tel: (012) 228 2129
Email: carmencyk@yahoo.com
The Treez Jalil Residence @
Bukit Jalil
Type: Condominium/
serviced residence
Tenure: Freehold
Asking price: RM1,200,000
Bedroom(s): 4
Bathroom(s): 3
Description: Part of a mixed-use
residential project with linked
villas built to Green Building
Index standards, including for
energy and water efficiency. Uses
solar panels, energy-saving
bulbs, rainwater harvesting, water
recycling system for plants and
water-efficient sanitary appliances.
Two parking bays. Minutes
from Bukit Jalil Highway, Kesas
Highway, Puchong-Damansara
Expressway (LDP) and PutrajayaKuala Lumpur Maju Expressway
(MEX). Close to Sri Petaling
and Bukit Jalil LRT stations.
Agent/negotiator: Daniel Ho
of Premier Property Sdn Bhd
Tel: (012) 294 3338
Email: danielho3818@yahoo.com
Covillea @ Bukit Jalil
Type: Condominium/
serviced residence
Tenure: Freehold
Bedroom(s): 3 + 1
Bathroom(s): 2
Description: Renovated unit
in good condition. Two parking
bays. Nice environment, five
minutes to banks, restaurants, etc.
Walking distance to LRT station.
Near future Pavillion 2 mall.
Agent/negotiator: Kenneth
Low of Vivahomes Realty
Tel: (013) 392 2646
Email: klow1126@gmail.com
Arena Green
The Treez Jalil Residence
Type: Condominium/
serviced residence
Tenure: Freehold
Asking rent: RM1,600
Bedroom(s): 2+1
Bathroom(s): 2
Description: Fully furnished,
including kitchen cabinets.
Walking distance to LRT
station and Technology Park
Malaysia, easy access to KLCC/
Ampang area, Cheras and other
areass in Kuala Lumpur.
Agent/negotiator: Kenneth
Low Vivahomes Realty
Tel: (013) 392 2646
Email: klow1126@gmail.com
Type: Condominium/
serviced residence
Tenure: Freehold
Bedroom(s): 3
Bathroom(s): 3
Description: The Treez
(also known as The Treez
Jalil Residence) is a green
development. Just minutes
from Bukit Jalil Highway, Kesas
Highway, LDP and more. Close
to Sri Petaling and Bukit Jalil
LRT stations, and amenities
such as banking, petrol stations,
restaurants and SRJK (C) Lai
Meng (soon to be completed).
Agent/negotiator: Jean Soh of
Metroworld Realty Sdn Bhd
Tel: (012) 918 3998
Email: bifrenz@yahoo.com
Vista Komanwel B
Type: Condominium/
serviced residence
Tenure: Freehold
Bedroom(s): 4
Bathroom(s): 2
Description: Fully renovated
unit with air-conditioning, sofa,
water heater, ceiling fans, dining
table, kitchen cabinets, beds,
wardrobes, 50-in plasma TV,
Teka gas stove, plaster ceiling,
and others. Near IMU and LRT
station. Easy access to any place.
Agent/negotiator: Daniel Ho
of Premier Property Sdn Bhd
Tel: (012) 294 3338
Email: danielho3818@yahoo.com
KM1
Type: Condominium/
serviced residence
Tenure: Freehold
Bedroom(s): 3+1
Bathroom(s): 3
Description: Fully furnished unit
with air-conditioning and water
heater. Move-in condition. Faces
Bukit Jalil Golf & Country Club,
overlooks Bukit Jalil Recreational
Park. Two parking bays. Close to
amenities, Bukit Jalil National
Sports Complex and future Pavilion
2 mall. Very good road network;
9km away from Mid Valley City
and 12km away from KLCC.
Agent/negotiator: Yu Chwern Wee
of Metroworld Realty Sdn Bhd
Tel: (012) 328 1411
Email: weeyuc@gmail.com
Jalil Damai Apartments
Type: Condominium/
serviced residence
Tenure: Freehold
Bedroom(s): 3
Bathroom(s): 2
Description: Renovated unit
with air-conditioning, new
furniture, cooker hood and
hob, intercom. Well-kept. 24hour CCTV surveillance. Prime
location with easy access via
LDP, Kesas Highway, MRR2, MEX
and KL-Seremban Highway.
Agent/negotiator: Lynn
Cheah of TPE Realty
Tel: (012) 507 5627
Email: karizma2031@yahoo.com
The Z Residence
Type: Condominium/
serviced residence
Tenure: Leasehold
Bedroom(s): 3
Bathroom(s): 2
Description: Corner unit,
fully furnished, vacant and
ready for moving in.
Agent/negotiator: Calvin Yew
of Vision Homes Realty
Tel: (012) 969 7882
Email: calvinyew.
visionhomes@gmail.com
Covillea
Type: Condominium/
serviced residence
Green Avenue
Tenure: Leasehold
Type: Condominium/
serviced residence
Tenure: Freehold
Bedroom(s): 3 + 1
Bathroom(s): 3
Description: Fully renovated unit
Bedroom(s): 3 + 1
with wet and dry kitchen, builtBathroom(s): 2
in cabinet and wardrobes. Faces
Description: Furnished unit with
golf course. Two parking bays.
walk-in wardrobe, air-conditioning,
New washing machine, new airwater heater, cooker hood and
conditioners, new water heaters,
hob. Green Avenue comprises two
stove, ceiling fans, refrigerator,
16-storey high towers with 390 units. and many new pieces of furniture.
Facilities include gymnasium and
Agent/negotiator: CN Liew
swimming pool. Bukit Jalil Golf &
of GD Realty Sdn Bhd
Country Resort, SMK Bukit Jalil and Tel: (014) 227 0307
IMU within 20 minutes’ drive. Good
Email: cn.property@live.com
road network and public transport;
Sri Petaling and Bukit Jalil LRT
stations less than 2km away.
Agent/negotiator: Meng Fui
Lee of GS Realty Sdn Bhd
Tel: (012) 318 3459
Email: ziziwk@yahoo.com
DEALMAKERS |
PROPERTY
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EP
7
The Lee family: (from left) Eddie, Benny ,S S, Jennifer, Alvin and Jastin. Photo by Haris Hassan
All in the family
Dynasty: The Lee clan builds on the family honour
BY E JACQUI CHAN
O
riental Realty has come a long
way from its humble start in
1988. It was founded by S S Lee
and he now runs the company
with his five children.
According to Lee’s third son
and Oriental Realty’s current CEO Eddie Lee,
his father worked for more than 20 years in
several multinational companies before he
decided to strike out on his own.
“My dad told us when he started Oriental Realty that he had spent too many years
making money for other people and he felt
that it was time to start his own business,”
says Eddie.
Its first office in Kampung Attap was modest, with a sales team of 15 negotiators. However, business did not take off as intended.
“The business almost failed twice. Back
then my dad was paying the negotiators salaries; it was only after the business model
was changed to commission-based did the
business boom,” says Eddie.
Today, Oriental Realty has more than 1,000
negotiators in 26 branches nationwide.
The elder Lee has since taken on an advisory role and left the management of the
company to his five children. In order oldest
to youngest, they are: Alvin, Benny, Eddie,
Jastin and Jennifer. The siblings joined the
company at different times.
Eddie was studying to be an accountant
when he decided to join the family business.
“I was in college at the time. I remember
looking at Alvin and thinking, he has a lot
of money to spend. I got curious and asked
him whether it was easy to become an agent
Eddie: Our goal, before we
retire, is to turn Oriental
Realty into a public listed
company.
and he said it was. ‘Let dad show you how to
do the job.’
“I thought to myself, becoming an accountant takes a long time and the starting
salary was only about RM600. But if I’m an
agent, one deal would give me RM2,000 to
RM3,000. So, why not give it a try? If I fail, I
still have my accounting degree to fall back
on. I’ve never looked back,” shares Eddie.
For director Jastin Lee, his entry into the
family business wasn’t as smooth. Jastin
has a degree in electrical engineering and
worked for a corporation for eight years.
After his older brothers shared their business plans with him, Jastin decided to join
Oriental Realty.
“Joining Oriental Realty was a culture shock.
I was used to working with clear systems and
procedures but in our company, everything
was done based on practice. It took me some
time to get the hang of things and get back on
track. I think I was really lost and looked pale
at the time,” says Jastin with a laugh.
“Chinaman’s business is always like that
in the beginning. One person would carry a
few positions. That’s why when we started to
grow, we put in procedures and systems to
ensure the company would run smoothly,”
adds Eddie.
While the brothers admit there are pros
and cons working in a family, they wouldn’t
trade it for the world.
“The good thing about working with family
is that everything is transparent and we can
discuss whatever issues we have. At the same
time, you will get different opinions and objectives on certain things. That is why each
of us has a different division to manage. By
having us focus on our individual divisions,
we can reduce conflicts,” says Eddie.
“Alvin handles research and development
and advises us on how to position the company, and Benny trains the staff and work
with the team leaders.
“Our sister, Jennifer has a degree in business administration, so she’s the head of
admin, while Jastin helps with the operation
and systems.
“And our dad is the shifu, he knows
everything there is to know about real estate,
so we count on his experience,” says Eddie.
A grand plan
The company’s first branch opened in 2004
in Setapak and in 2006, expansion started
on a large scale.
“Even before I joined the company, my
older brothers were already telling our Dad
about new concepts for the company. I had
observed real estate [agencies] overseas and
many have branches and franchises. We
shared our expansion idea with our dad but
he didn’t think it would work,” recalls Eddie.
Eventually, the three older brothers decided to go ahead and expand on a small scale to
prove to their father that the plan would work.
“We opened four fully owned branches in
two years and then Alvin came up with the
idea of franchising. We eventually have eight
franchised offices but we found that it’s hard
to [keep] control.
“So, we then moved into partnerships which
gave us more control. After the success of
the first few branches, our dad was finally
convinced of our plan and concept,” says Eddie.
Despite all the work the family has put
into growing the business, Eddie does not
expect the next generation to take over the
business if they are not interested. In fact, he
has bigger plans for Oriental Realty.
“We don’t mind opening the business up
to others. Our goal, before we retire, is to turn
Oriental Realty into a public listed company.
That way, our family can stay on as shareholders without having to run the business.
We will need talents to join us to help build
our brand and operate the business eventually,” says Eddie.
Work has started to put this plan into motion. Among its business segments are property management, renovation and construction,
Malaysia My Second Home agent, market
research, international property marketing
and property development.
“Our property development division has
not embarked on any projects yet. It is important for us to learn the business first. Right
now, we are exploring overseas collaboration
in countries such as Singapore, Indonesia,
Vietnam and Hong Kong.
“We hope to set up partnerships (with
real estate companies) and open one or two
offices in Asia soon. We are in the midst of
discussions. The Malaysian economy is not
doing too well now, so we think this is the
right time to expand our business regionally
and the move will also help our branding,”
says Eddie.
EP
8
PROPERTY
+
| FENG SHUI
Mountains are an important feature in considering
the surrounding environment of a building.
The body of water that a home faces must be calm.
What you really should be looking for is a home with well-balanced feng shui.
Roads can act as virtual water and carry qi.
What's the best
environment for your home?
A hill or a lake in front or at the back of a building can make all the difference to its qi
I
magine this: after many days and nights
of house hunting and negotiations,
you’ve finally found your dream home.
Upon moving in, you begin to notice
things in your environment that you
never thought were there before: an
electrical pylon in front of your house or the
T-junction facing the entrance.
You feel the panic welling up inside as
you anxiously wonder if these things could
be adversely affecting the qi (energy) of your
home and thus your family.
Moral of story: the better time to call in
a feng shui consultant to conduct an assessment of your home is before you buy it.
Here are some guidelines to help you
avoid panic attacks and build your confidence in identifying a good environment
for a home.
In feng shui, the environment refers to
mountains, rivers, valleys and roads. The
surrounding environment of your home
plays an extremely important role in determining the quality of qi that flows around
and into it.
Mountains
Mountains are an extremely important feature in considering the surrounding environment of a building. They represent bodies
of qi from which the environment in the
area draws.
Hence, to understand what kind of qi
you can tap into, the first step is to observe
B Y D AT U K
J O E Y YA P
the type of mountain formation in the area,
and its quality.
If you happen to have a mountain behind
your house, then it functions as good support
for the home. A mountain in this location
will lend your home a sense of stability, security and family harmony.
If you do not have a mountain at the back
of your house, don’t worry, it’s no biggie.
But make sure the land at the back of your
home does not slope downwards.
Water
Water is one of two most important features
in analysing the environment. The mountain represents the yin feature of the environment, and water is its yang counterpart.
Many people assume that waterfront
property has good feng shui. This is a simplistic interpretation of the significance of
water that needs to be qualified.
For one, the body of water that a home
faces must be calm water, to allow for a serene and smooth flow of qi. Many lakes and
ponds found in most housing developments
today are calm bodies of water rather than
gushing monsoon drains, for example.
This type of water helps to collect qi, and
is generally good to have in front of your
home. The key here is to ensure that the
lake is in the correct location in relation to
your home.
Roads
In an urban setting, in the absence of lakes
and ponds, roads can act as virtual water and
carry qi towards or away from a building.
In this regard, highways could be a cause
for concern.
Many people are concerned about buying property, especially apartments, located
close to the highway. As a general rule, you
do not want to purchase an apartment that
is at the same level as the highway.
If your property happens to be below an
elevated highway, just ensure that the shadow of the highway does not fall on your house
and you should be fine. Generally, buildings
close to highways that have sound barriers
are a better choice, but it would be wise not
to stay too close to the highway in any case.
Another road feature is the roundabout.
Contrary to popular belief, a roundabout outside your house is not considered a danger.
In fact, it is considered preferable to have
one directly in front of your home. This is because a roundabout creates a virtual water
formation that allows the qi to continually
flow into and around the property. That’s
why it’s common to find popular shopping
malls or businesses located in the vicinity
of a roundabout.
None perfect
All said and done, don’t be surprised or discouraged if you find your home has a few feng
shui hiccups; no building has perfect feng shui.
What you really should be looking for is
a home with well-balanced feng shui.
Be sure you know what you’re looking at,
and how to separate fact from fiction. Then
you can take comfort in knowing how to identify real estate with good feng shui in no time.
Datuk Joey Yap is the world’s leading Chinese
Metaphysics consultant and bestselling author with
more than 160 books which sold over four million
copies worldwide. He’s an international renowned
speaker recognised in business communities
globally and is regularly seen on Astro, Bloomberg
as well as other leading media. He is the chief
consultant of the Joey Yap Consulting Group
and founder of Mastery Academy Of Chinese
Metaphysics. Yap has nearly two decades of
professional consultancy and business advisory
experience working with establish corporate giants
such as Microsoft, Sime Darby, UEM, Prudential
and Citibank, and has more than half a million
followers and students from more than 30 countries.
If you have any feng shui-related questions
for Yap, please go to the Tips section of
theedgeproperty.com

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