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FBM KLCI 1647.

62

16.20

KLCI FUTURES 1647.00

13.50

STI 2789.88

30.36

RM/USD 4.2240

CPO RM2839.00

4.00

OIL US$46.42

0.38

GOLD US$1304.30

29.80

PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)

THURSDAY NOVEMBER 10, 2016 ISSUE 2287/2016

FINANCIAL
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WCT, MTD ACPI bag MRT


contracts worth RM1.58b
5 HOME BUSINESS

Najib: Never take


voters for granted
4 HOME BUSINESS

Ekovest plans to
list highway unit
in US$500m IPO
6 HOME BUSINESS

BNM may act


against banks unable
to validate PIN-andpay by year end

STEPPING
INTO THE
UNKNOWN

with a Trump
presidency

7 HOME BUSINESS

Analysts see
Brexit-like recovery
following markets
knee-jerk reaction
to shockingg win.
win.
B
illy T
h has
h the
Billy
Toh
story on Page 3.

Selangor water
restructuring faces
yet another hiccup
12 H O M E

Former PKA GM
Phangg acquitted
q
of CBT charges
1617 FOCUS

Trump beats
T
Clinton in
stunning upset

by
u
o
y
o
t
t
h
g
u
o
r
b
s
i
y
p
o
c
l
a
t
This digi

Ex-BSI banker Yeo told witness


Pinto to remain cool as it was
war time within Malaysia
PA G E 2

.my
www.skyworld

FBM KLCI 1647.62

16.20

KLCI FUTURES 1647.00

13.50

STI 2789.88

30.36

RM/USD 4.2240

CPO RM2839.00

4.00

OIL US$46.42

0.38

GOLD US$1304.30

29.80

PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.60 (INCLUSIVE OF 6% GST)

THURSDAY NOVEMBER 10, 2016 ISSUE 2287/2016

FINANCIAL
DAILY
MAKE
BETTER
DECISIONS

www.theedgemarkets.com

WCT, MTD ACPI bag MRT


contracts worth RM1.58b
5 HOME BUSINESS

Najib: Never take


voters for granted
4 HOME BUSINESS

Ekovest plans to
list highway unit
in US$500m IPO
6 HOME BUSINESS

BNM may act


against banks unable
to validate PIN-andpay by year end
7 HOME BUSINESS

Selangor water
restructuring faces
yet another hiccup
12 H O M E

Former PKA GM
Phang acquitted
of CBT charges
1617 FOCUS

Trump beats
Clinton in
stunning upset

STEPPING
INTO THE
UNKNOWN

with a Trump
presidency

Analysts see
Brexit-like recovery
following markets
knee-jerk reaction
to shocking win.
Billy Toh has the
story on Page 3.

Ex-BSI banker Yeo told witness


Pinto to remain cool as it was
war time within Malaysia
PA G E 2

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE FI N AN C I AL DAI LY

For breaking news updates go to


www.theedgemarkets.com

ON EDGE T V
www.theedgemarkets.com

Budget 2017:
Do we benet?

Ex-BSI banker Yeo Jiawei


told witness to remain cool
He allegedly said to Pinto that it was war time within Malaysia
BY CHAN CHAO P E H

The Edge Communications Sdn Bhd


(266980-X)

Level 3, Menara KLK, No 1 Jalan PJU 7/6,


Mutiara Damansara, 47810 Petaling Jaya,
Selangor, Malaysia

Publisher and Group CEO Ho Kay Tat


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SINGAPORE: Ex-BSI wealth planner Yeo Jiawei was privy to information swirling around Malaysias top officials because he was
receiving news directly from Jho
Low, said key prosecution witness Jose Renato Carvalho Pinto
in court yesterday.
Pinto said Yeo had told him
to keep calm days before former
Malaysian deputy prime minister
(DPM) Tan Sri Muhyiddin Yassin
was sacked.
Remain cool now, Yeo allegedly wrote to Pinto on July 22 last
year. My understanding is its war
time within Malaysia, and other
countries are waiting to see how
it turns out before they move.
According to evidence presented in court yesterday morning, Yeo
added: Meanwhile, we shouldnt
conclude anything until the final
judgement.
On July 28, Malaysian Prime
Minister Datuk Seri Najib Razak
sacked Muhyiddin. The former
DPM is the highest political
casualty to date in the 1Malaysia
Development Bhd (1MDB) affair.
According to Pinto, Yeo was
privy to such information because
he was with the team which structured the investments done by
1MDB and SRC International Sdn
Bhd, which were by then under
heavy scrutiny.
When probed further by Deputy Public Prosecutor Jiang Ke Yue
who asked how Yeo would know
this information, Pinto said it was
because Yeo was getting all the
information directly from Low.
Pinto added that he is certain
of this because, at the same time,
Yeo was asking him for documents
on behalf of Low.
In his cross-examination, Yeos
lawyer Philip Fong asked Pinto if

YEO
Y
EO JJIAWEIS

TRIAL

his views of the situation in Malaysia


then were from what he had heard
and read from the news and social
media. Fong put forward that this
was what caused Pinto to be worried and anxious.
Pinto firmly disagreed. He recalls that he was communicating
with Yeo, who was then with Low
in Taiwan searching for real estate
investment opportunities.
Yeo, who will turn 34 on Nov 21, is
on trial for four charges of tampering
with witnesses. He will face another
seven charges of money laundering
in April. After he left BSI, Yeo went
to work for Low Taek Jho, popularly
known as Jho Low. The Malaysian
financier is said to be the mastermind behind the 1MDB scandal.
The court also heard from two
new witnesses yesterday. The first
was another relationship manager
at Amicorp, Aloysius Mun Enci, who
used to report to Pinto. Mun and
Pinto had worked on Yeos account.
However, unlike Pinto, Mun had
limited face-to-face contact with
Yeo. Instructions such as making
wire transfers and loans were often relayed to him via Pinto. The
instructions were not complex but
it is the structures that are complex,
Mun told the court.
The court also heard how Yeo
took pains to cover his tracks even
when working for Low. For example, Yeo gave strict instructions to
Amicorps Pinto and Mun to blind
carbon copy him when they communicated with the clients, such
as Low, his family, and Eric Tan
Kim Loong.
Mun recalls an occasion when he

forgot to do so, and his boss Pinto


got an earful from Yeo. I felt quite
bad, Mun said.
Mun also recalls an occasion
when Yeo countermanded an instruction to pay money out of an
account belonging to Low Taek Szen,
otherwise known as Szen Low, who
is the younger brother of Jho Low.
Mun said that initially he didnt
know that Low had a brother and
that the younger Low also had accounts with Amicorp. Mun said Yeo
had told him: There are two Lows;
there is the important Low; there is
the not so important Low.
Mun also recalls a business trip
he took with Pinto to Hong Kong in
April this year. The two were then
on a ferry headed to Discovery Bay.
While on board, Pinto told Mun
that Yeo had told him to throw (Pintos) laptop into the sea. Pintos laptop would have been a source of
information and documents marking transactions made on Yeos instructions to Amicorp. I thought it
was rather amusing, recalls Mun.
The Commercial Affairs Departments Oh Yong Yang, the last of the
nine prosecution witnesses, also
took the stand yesterday.
Oh told the court that investigations on Yeo had started last October. This was part of a complex investigation involving hundreds of
thousands of transactions, at least
10 individuals, and sums of money
to the tune of billions of dollars,
according to Oh.
Between then and April this year,
Oh had interviewed Yeo numerous times. Yeo was able to maintain his composure and confidence
throughout.
That changed in April this year
when Oh interviewed Yeo again.
By then, Yeos former boss at BSI,
Kevin Swampillai, and Yeos own
friend, Samuel Goh, whom he had
brought in to help act as an inter-

mediary for the fund flows, had


already told the CAD (Commercial Affairs Department) about
their meeting at the Swiss Club
on March 27.
Oh confronted Yeo with this
information. And Yeo knew the
game was up.
His voice softened, and he
looked away, Oh recounted. He
recalls that Yeo then said: We
agreed not to say about that meeting.
This evidence also gave authorities a reason to hold Yeo in
remand since April.
The court had heard earlier in
the trial that Yeo told Swampillai
and Goh when the trio met up
that they needed to hold hands.
Yeo allegedly concocted a story
that the fund flows from Bridge
Global Managers were investment
money belonging to Goh that was
to go into real estate in Indonesia, and various other stocks and
shares.
That money ultimately ended
up in entities owned by Yeo and
Swampillai.
According to separate testimonies by Swampillai and Goh,
they both felt that this investment story would not hold water. They said they decided to tell
the CAD the truth: that the funds
were secret profits made by Yeo
and Swampillai instead.
This, the court heard, was in
direct contravention against the
conditions of Yeos bail.
Yeo was arrested on March 16
and released on March 18. Among
other terms, Yeo was not allowed
to communicate with other individuals related to the investigation. The March 27 meeting at
the Swiss Club was held anyway.
The trial resumes today, with
Oh continuing to take the stand.
The Edge Singapore

Najib: Trumps win shows politicians should never take voters for granted
BY NEILY SYAF IQAH E U S O FF

KUALA LUMPUR: Prime Minister


Datuk Seri Najib Razak congratulated Donald Trump on his election
as the next president of the US, saying his unexpected victory shows
that politicians should never take
voters for granted.
In a statement released shortly
after Trump was declared the winner, Najib said opinion polls, and
established political figures, had
all underestimated the strength
of the support for the Republican
partys candidate.
His appeal to Americans who

have been left behind those who


want to see their government more
focused on their interests and welfare, and less embroiled in foreign interventions that proved to be against
US interests has won Mr Trump
the White House, said Najib.
The world has watched this
years presidential election with
fascination. At almost every turn,
media commentators have been
proven wrong and the results anticipated by experts have been overturned.
Donald Trump was considered
a distant outsider when his candidacy was first announced. He beat

the establishment consensus by


winning the Republican nomination, and did so again with his remarkable victory today (yesterday
local time), he noted.
See stories on Page 3, 14, 16, 17 & 18
Najib said that in 2014, the US and
Malaysia elevated their relationship
to a comprehensive partnership, and
that the two nations are now firm
allies in the worldwide fight against
terrorism and extremism.
We look forward to continuing this partnership under President-elect Trump. I congratulate

him on this extraordinary victory


and look forward to meeting him
again soon, he added.
A Bernama report quoted Najib
as saying that bilateral ties between
Malaysia and the US will not be affected by Trumps victory.
I believe that he will adopt an
approach that will help the US build
cooperation with all countries.
I myself know him personally;
he is not someone new to me, he
told reporters after closing the Daya
E-Usahawan 2016 and opening
the E-Usahawan@Marketplace
programmes at the Kuala Lumpur
Convention Centre yesterday.

HOME BUSINESS 3

THU R S DAY N OV E MB E R 1 0 , 20 16 T HE ED G E FINA NCIA L DA ILY

Stepping into the unknown


with a Trump presidency
Analysts see Brexit-like recovery following markets knee-jerk reaction to shocking win
BY B I L LY TOH

KUALA LUMPUR: Financial analysts


expect a similar rush for safe-haven
assets leading to a sharp fall in equities, similar to the one seen following
Brexit, but at a bigger quantum as
angry Americans turned against the
establishment and voted for Donald
Trump over heavily favoured Hillary
Clinton in the US presidential election, sending the country to a new,
uncertain path.
Investors moved into complete
risk-off mode with major stock markets crashing, including the futures
of [the] Dow Jones Industrial Average
(Dow), losing over 600 points at one
point. A period of risk-off is bad news
for the stock market, and Trump momentum is seen as dangerous news
for the stock market, ForexTime Ltd
vice-president of market research
Jameel Ahmad said.
iFast Capital Sdn Bhd senior analyst Lee Tien Xiang shared that
Trumps presidency win as well as
a clean sweep by the Republicans
with control of both the Senate and
the House of Representatives will
send risky assets such as the equity
market spiralling down in the short
term. With such an outcome, we
are going into uncharted territory,
Lee said.
Lee, however, believes the market will eventually soften after the
first impact and rebound to where
the economic fundamentals are for
Malaysia.
Lees sentiment is shared by a sen-

ior economist at United Overseas


Bank (Singapore) Ltd, Alvin Liew,
who said that a Trump win is likely
to create immediate uncertainty in
financial markets, in particular placing equity markets under pressure.
There would likely to be a rush
into safe-haven assets, US treasury
bonds, gold, [the] Japanese yen and
the Swiss franc, he said.
Mark Doms, a research analyst
at Nomura, said in a media call that
within the Asian region, Southeast
Asia is the least affected by the outcome. Malaysia and Indonesia will
be less affected in the region. It was
less mentioned by Trump himself,
and Indonesia also has its own domestic story which makes it less dependent on US demand, he said.
David Ng, chief investment officer
of Affin Hwang Asset Management
said in his report that this is not the
start of a global bear run.
We will buy into this weakness,
which we think will only last a couple of days. Central to this view is
that Trumps expansionary policies
could actually drive up US markets
after the knee-jerk sell-off, he said.
Areca Capital Sdn Bhds chief executive officer Danny Wong also felt
that volatility is likely to be seen in
equity markets in the first couple of
days, but things should turn positive
after the dust settles.
[The] Malaysian market is generally viewed as a defensive market.
Foreign funds in Malaysia are also
not that big, and the equity market
has lagged behind in the region these

couple of years, Wong said.


He added that the huge sell-off
provides a buying opportunity into
companies with high dividend yields
as well blue-chip counters with potential foreign funds coming back to
the country.
Chris Eng, head of research of Etiqa Insurance and Takaful Bhd, shared
that while sharp falls were seen as
the results pointed towards a Trump
win, the local bourse recovered after
Trump gave his speech, indicating a
slight positive response.
We have to wait and see how the
US market behaves tonight (yesterday). If the market is not very negative,
then it will be positive for our market
tomorrow (today), Eng said.
However, he said that there is still
too much uncertainties surrounding Trumps presidency despite a
better-than-expected speech after
his win.

countries in Asia, including Malaysia,


will be impacted by Trumps protectionism measure.
If Trump were to do what he said
he would, trade activities between
the US and China will [be] reduced,
indirectly affecting Malaysia (Malaysias biggest trading partner is China), he said.
As investors tried to uncover the
unknown under President-elect
Trump, markets plummeted with
Japans Nikkei falling by 5.4%, Hong
Kongs Hang Seng Index declining by
2.2% and South Koreas Kospi down
2.3%, while the MSCI Asia Pacific
Index fell 2.7%.
The Euro Stoxx 50 Index and FTSE
100 Index have both fallen by 1.72%
and 0.49% respectively in their opening numbers, along with the rest of
Europe in general. At the time of writing, the US market had yet to open
but the futures of the Dow along with
the S&P 500 Index had both plumRisk of a bear market?
meted 309 points and 37.25 points
While most fund managers and ana- respectively, which was a 1.7% delysts see a rebound in the market after cline for both.
the initial volatility, Pong Teng Siew,
Inter-Pacific Securities Sdn Bhds re- Ringgit slides despite dollar
search head, painted a darker picture weakening
of the market moving forward.
While the US dollar has so far tumThe bear market is possible in line bled against the major currencies, it
with my view that the odds of a US continued to strengthen against the
recession are increasing, Pong said. ringgit, mainly due to the fall in crude
He shared that the first term of the oil prices after Trumps win rattled
last two US presidencies had shown commodities.
signs of recession and the economic
The ringgit weakened to 4.2353
data is pointing towards a possible re- against the US dollar as Brent crude oil
cession in Trumps first term as well. fell to as low as US$44.40 (RM187.37)
He added that trade-dependent per barrel while US West Texas Inter-

mediate (WTI) futures declined to as


low as US$43.07 per barrel. Crude oil
eventually recovered to above US$45
to US$46.10, while WTI traded at
US$44.92 at the time of writing.
The recovery in oil was seen as
market turmoil abated after Trumps
bipartisan, pro-growth and diplomatic acceptance speech calmed some
of the initial fears.
Pong opined that the US dollar could eventually strengthen as
Trumps policy focus on protectionism will be positive for the US dollar
in the medium term. The ringgit is
likely to remain under pressure for
the days to come, Pong said.
Wong shared that views on the US
dollar is mixed given the uncertainties
surrounding the US Federal Reserves
rate decision as well as the position
of its chair Janet Yellen.
UOB said that a retest of 4.30 for
the ringgit against the US dollar would
not be surprising given the formers
high beta. It added that it will subsequently trade between 4.22 and 4.28
to the greenback.
Meanwhile, Bank Negara Malaysia
issued a statement saying it is closely monitoring the market situation
and ensuring that liquidity remains
ample to support an orderly market
following the election.
In its statement yesterday, it said
that its Financial Markets Committee is also in communications with
its members and will ensure that
all business and transaction needs
are to be met by financial markets
as required.

TPP hangs in the balance as Trump gets elected president


BY A H M AD NAQ I B I D RI S

KUALA LUMPUR: The implementation of the Trans-Pacific Partnership agreement (TPP) now hangs in
the balance following Republican
Donald Trumps election as the 45th
US President in view of his staunch
opposition against the deal.
Trump who takes a protectionist stance when it comes to global
trade had since the early days of
his campaign maintained his opposition to the TPP, the North American Free Trade Agreement and had
also proposed tariff hikes for imports
from China and Mexico. This puts
a big question mark on the implementation of the TPP, considering
that the agreement cannot come into
force unless six member countries
with a combined gross domestic
product (GDP) representation of at
least 85% of the total 12 countries
have ratified the agreement.
The US itself represents about
62% of the total GDP of the 12 nations, while the second-largest
economy in the deal, Japan, ac-

counts for about 17%.


Im quite pessimistic on the TPP
going through. At the very least,
they would go back and review the
documents, whereas the member
countries that have agreed to the
TPP have said that there will be no
renegotiation of the deal. So, clearly
there is a gap to be bridged, said
CIMB Investment Bank Bhd economist Michelle Chia.
She added that Trumps policies
taken at face value are clearly
a negative on global trade, which
will directly and indirectly impact
Malaysia, considering the openness
of Malaysias economy. However,
it is still too early to see the implications on Malaysias exports, but the
downside risks are there, she told
The Edge Financial Daily.
Affin Hwang Investment Bank
chief economist Alan Tan said
Trumps win dims prospects of the
TPP being passed in the US.
With Trump as president, the
TPP is unlikely to go through. The US
could possibly renegotiate the TPP
agreement, he said. He highlighted

D ONALD TRUMPS PROP OSED P OLICIES


Lowering of income taxes for individuals
Lowering of corporate taxes from 35% to 15%, with a 10% repatriation tax
Increasing spending on infrastructure, the military and veterans
Renegotiation or withdrawal from Nafta, TPP and the WTO
Imposing of tariffs to discourage companies from shipping jobs
overseas
Cancel all federal funding to sanctuary cities and begin deporting
illegal immigrants
Lift all restrictions on domestic energy production
A hiring freeze on all federal employees excluding military,
public safety and public health to reduce the federal workforce
through attrition
Repeal and replace Obamacare
Build a wall on the southern border and enact severe penalties
for breaking immigration laws
Source: Nomura

that the implication on Malaysia


and other countries in the region
is mostly on trade, mainly due to
Trumps proposed enforcement of
a 45% tariff on imported Chinese
goods to close the trade deficit be-

tween China and the US.


This would be negative for trade,
partly because the tariff imposed
would increase the price of Chinese goods. This would in turn drive
down consumption of China goods

in the US, which would then affect


Asian economies, considering Chinas position as a major trading partner in the region, he said. However,
he said the hefty tariff may not be
implemented so soon, as the US may
impose the tariff gradually.
See related story on Page 4
Malaysian Industrial Development Finance Bhd group managing
director Datuk Mohd Najib Abdullah
said Trumps strong anti-establishment stance with globalisation and
free trade is a threat to global growth.
He said emerging markets are the
most vulnerable if the US adopts a
protective stance towards international trade.
Although Malaysias direct dependence on the US market for its
export has waned in the last 10 years,
the indirect impact via third countries especially China and Singapore would be significantly felt.
The years ahead would be increasingly challenging for the Malaysian
economy, he said.

4 HOME BUSINESS

T HU R SDAY N OVEM B ER 1 0 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

Ekovest to raise
US$500m in IPO
It is part of a plan to strengthen asset portfolio, financials, says MD
PHOTO BY SAM FONG

KUALA LUMPUR: Ekovest Bhd,


a construction and property developer, plans to list its highway
operating subsidiary in 2018 in an
initial public offering (IPO) that
could raise at least US$500 million
(RM2.11 billion), a top executive
said yesterday.
There has been a dearth of IPOs
in Malaysia in recent years as its currency took a hit from the sustained
volatility in global commodity markets. However, a few offerings could
be launched the next year or so.
Property developer Eco World
Development Group Bhds international unit will list in the first
quarter of next year with an aim
to raise nearly US$500 million.
The listing of Ekovests unit
Konsortium Lebuhraya Ut-

ara-Timur (KL) Sdn Bhd is part


of a plan to strengthen its asset
portfolio and financials, managing director (MD) Lim Keng

Cheng (pic) told Reuters.


The Wall Street Journal first reported the IPO earlier yesterday.
Ekovest on Tuesday sold a 40%
stake in the highway unit to Malaysian pension fund the Employees
Provident Fund (EPF) for RM1.13
billion.
Lim said Ekovest and the EPF
have yet to determine how much
equity stakes both intend to hold
in the subsidiary, post the IPO.
He added that Ekovest will look
for strong and suitable strategic
investors who can add value and
complement our business model
for the exercise.
Ekovest, controlled by Malaysian real estate tycoon Tan Sri Lim
Kang Hoo, has yet to engage bankers for the IPO. Reuters

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Mustapa: Trump may change his position on TPP


BY C H E STER TAY

KUALA LUMPUR: International


Trade and Industry Minister Datuk
Seri Mustapa Mohamed is not ruling out the possibility of US president-elect Donald Trumph changing his position on the Trans-Pacific
Partnership agreement (TPP).
He (Trump) made a bold statement before on TPP but we never
know if he would really implement
what he said during his campaign,
said Mustapa, noting that Trumph
had softened his position on some of
his earlier foreign policy proposals.
Mustapa referred to chapter 30.5
of the TPP, which allows the deal to
be implemented if at least six of the
original signatories, which togeth-

er account for at least 85% of the


combined gross domestic product
of the original signatories in 2013,
have given their approval.
So it is such a case where without
the US, there will be no TPP, he added when approached by reporters at
the Parliament building yesterday.
Mustapa said it is still too early
to consider the implications of the
unexpected victory of Trump, a political novice, over former secretary
of state Hillary Clinton.
It is just a few hours after the
result, so it is too early to tell what
would happen. Stay calm, be cool,
life goes on and business is as usual, he said.
Trump has been highly critical
of the North American Free Trade

Agreement and TPP, which he says do


not favour the US. He also suggested
imposing tariffs on goods exported
from China and Mexico.
Mustapa said he will consult his
counterparts from other participating nations of the TPP.
When we went into TPP it is
meant for the overall interest of
Malaysia. We want to be in a more
open market and trade regime. We
believe that this will help trade and
investment in Malaysia, and if TPP
doesnt happen our economy is
not going to go backwards.
We were attracted [to the TPP]
because we dont have FDI (foreign
direct investment) from the US, Canada, Mexico and Peru, so we want to
get access into these markets.

Shareholders in record of depositors as at Oct 28 entitled


to participate in QA share repurchase Reach Energy
KUALA LUMPUR: Only shareholders whose names appear in the record of depositors, as at Oct 28, 2016,
will be entitled to participate in the
qualifying acquisition (QA) share
repurchase, said Reach Energy Bhd.
In a filing with Bursa Malaysia
yesterday, the company also said
the QA share repurchase will only be
undertaken by Reach Energy if the
proposed acquisition is approved at
the adjourned extraordinary general
meeting (EGM) on Nov 16.
For illustration purposes, if the
shareholder already owned 1,000
Reach Energy shares as at the record date, the said shareholder is
eligible to attend and to speak and

vote at the adjourned EGM.


However, only the 1,000 Reach
Energy shares the shareholder holds
will be entitled to the QA share repurchase if the said shareholder has
voted against the proposed acquisition at the adjourned EGM, it said.
If the said shareholder has acquired additional Reach Energy
shares subsequent to the record date,
Reach Energy said, the additional
shares acquired will not be entitled
to the QA share repurchase.
In May, the company proposed
to undertake a private placement to
raise up to RM180 million.
In September, Reach Energy managing director and chief executive

officer Shahul Hamid Mohd Ismail


told The Edge weekly in an interview
that the placement of new shares will
only be tabled at the coming EGM if
the proposed QA is approved. The
placement is only targeted to replace the dissenting shareholders.
This placement will most likely be
given to existing shareholders who
support the QA.
Last Friday, Reach Energy was
forced to adjourn its EGM after a
group of shareholders sought more
time to look at its US$154.9 million
(RM653.68 million) acquisition offer
for a 60% equity interest in Emir-Oil
LLP and 60% of the shareholder loans
from MIE Holdings Corp.

United Plantations Bhd chief executive director Carl Bek-Nielsen (left) and Webber.

RSPO unaware of
Aidenvironments
pullout decision
BY S U P R IYA S UR E N D R A N

BANGKOK: The Roundtable on


Sustainable Palm Oil (RSPO) has
engaged Aidenvironment Asia on
issues surrounding IOI Corp Bhd,
but is unaware of the non-governmental organisations (NGO) plan
to leave the RSPO.
We had a discussion [about
IOI Corp] with Aidenvironment
[on Tuesday] but this topic of withdrawing [RSPO membership] was
not brought up, RSPO chief executive officer Datuk Darrel Webber
told a news conference in conjunction with the RSPOs 14th Annual
Roundtable Meeting here yesterday.
It was earlier reported that sustainability consultants Aidenvironment could become the latest NGO
to cut ties with the RSPO, over what
it calls poor handling of a complaint
against IOI Corp.
The report by Reuters quoted
Aidenvironment senior consultant Eric Wakker as saying that he
wanted the RSPO to publicly admit
that it made serious mistakes with
the IOI Corp case, and if the RSPO
did not seriously come up with a
real commitment to change, then
Aidenvironment would throw in
its membership.
Being an RSPO member is
about being involved in constant
engagement, so if theres any wrong
[committed by RSPO members] we
have an independent complaints
process and we will rectify it. If the
members [do not rectify] then they
will be asked to leave the RSPO,
said Webber.
IOI Corp, one of the founding
members of the RSPO, announced
in late March that its RSPO certification for its entire oil palm production would be suspended from
April, following complaints of violation of RSPO criteria by NGOs
against the plantation estates of
IOI Corps Indonesian subsidiaries.
Following the suspension, major
multinational brands such as Unilever, Kelloggs, Colgate-Palmolive,
Johnson & Johnson, Procter & Gamble, SC Johnson, Yum! Brands and
Nestle announced that they would
stop sourcing for palm oil from
IOI Corp.

This led IOI Corp to initiate legal action against the RSPO, due
to commercial and reputational
losses suffered.
However, in a turn of events, the
RSPO in August lifted the suspension, having been satisfied that IOI
Corp had met the conditions set
out by the RSPO in its letter to the
plantation giant dated March 14.
On criticism in particular from
NGOs that the RSPO was too fast or
too early in lifting IOI Corps RSPO
suspension, Webber said that there
is no stipulated time period when
a member is suspended.
Our independent complaints
panel, after looking at evidence and
reports by experts, decided to lift
the suspension, there is no [time
frame] for suspension.
However our complaints panel which consists of a balanced
representation of the RSPOs stakeholders, such as a grower, a neutral
chairperson, a representative from
civil society and representatives
from the supply chain has to
decide on a consensus, meaning
100% of them have to agree before
a ruling can come out, he said.
When asked to comment on the
IOI Corp case, World Wildlife Fund
Internationals global palm oil leader Adam Harrison said the lifting
of the suspension was a right move
by the RSPO.
I believe the suspension had a
real impact on IOIs share valuation,
so it really implies the seriousness
of the RSPO [on this matter], but
on the other side of the deal some
NGOs are upset that the suspension
has been lifted.
There is no point in throwing
IOI out of the RSPO because you
then have no way of helping them
and influencing them, so I think
it was right to suspend them but
equally it was right when the case
progressed far enough to say actually that the suspension is no longer
the sanction that we need, he said
at a separate news conference.
Frankly, IOI has shown the willingness to change. They are not
perfect, and wont be perfect as
they have a long way more to go
and we have to help them on that
journey, said Harrison.

HOME BUSINESS 5

THU R S DAY N OV E MB E R 1 0 , 20 16 T HE ED G E FINA NCIA L DA ILY

WCT, MTD ACPI


bag MRT contracts
worth RM1.58b
Both tenderers were selected on basis of best evaluated tender
BY A D EL A MEGA N WI L LY

KUALA LUMPUR: Mass Rapid


Transit Corp Sdn Bhd (MRT Corp)
has awarded two work packages
worth a combined RM1.58 billion
for the construction of the MRT
Sungai Buloh-Serdang-Putrajaya
(SSP) Line to WCT Holdings Bhd
and MTD ACPI Engineering Bhd.
WCT Holdings subsidiary WCT
Bhd edged out five other contenders for the RM896.41 million V204 work package, which
involves the construction of a
viaduct guideway and other associated works from Bandar Malaysias south portal to Kampung
Muhibbah here.
In a statement yesterday, MRT
Corp said the tender for the V204
work package, which was in the
open category, commenced on

June 2 and closed on Aug 16.


Meanwhile, MTD ACPI unit
MTD Construction Sdn Bhd edged
out two other bidders to snag the
RM678.68 million V208 work package. The contract involves the construction of a viaduct guideway
and other associated works from
Taman Pinggiran Putra to Persiaran Alpina here.
The tender for [the] V208 work
package was an open tender for bumiputera companies, which commenced on June 28 and closed on
Sept 6, MRT Corp added.
MRT Corp chief executive officer Datuk Seri Shahril Mokhtar
said both the successful tenderers
were selected on the basis of the
best evaluated tender, where the
tenders were evaluated on their
technical as well as commercial
submissions.

The two contractors are well


known in the construction industry
due to their track record. This is a
boon to the project as their experience will benefit the construction
of the SSP Line, he said.
Shahril added that MRT Corp
was already familiar with MTD
Construction as it was also a work
package contractor for the MRT
Sungai Buloh-Kajang Line. MTD
Construction handled the V7 work
package to build the guideway between Bandar Tun Hussein Onn
and Taman Mesra near Kajang,
Selangor.
WCT shares closed three sen or
1.64% lower at RM1.80 yesterday,
bringing a market capitalisation of
RM2.24 billion. MTD ACPI shares
also ended the day down 1.5 sen or
4.23% at 34 sen, with a market cap
of RM78.76 million.

IOI Properties shares slump most


in a month amid record land bid
BY G H O C H EE Y UA N

KUALA LUMPUR: Shares in IOI


Properties Group Bhd slumped
the most in a month yesterday,
after the property developer was
reported to have place a record bid
of S$2.57 billion (RM7.77 billion)
for a plot of land in Singapores financial district.
In a filing with Bursa Malaysia
yesterday, IOI Properties said it,
via its wholly-owned subsidiary
Wealthy Link Pte Ltd, had submitted the bid for a 1.09ha piece of
leasehold land in Central Boulevard
to the republics Urban Redevelopment Authority.
The decision on the award of
the tender will be made after all bids
have been evaluated. The company
will make the relevant announcements once such decision has been
made, it added.
The market did not react favourably to the news as the stock slid as
much as eight sen or 3.29% to end
the day at RM2.35, the lowest level
since Aug 15 this year. On Tuesday,
the stock closed at RM2.43.
A total of 1.01 million shares
were traded between RM2.34 and
RM2.43 yesterday, valuing it at
RM10.37 billion.
When contacted, RHB Research
analyst Loong Kok Wen told The
Edge Financial Daily the bid reflected the groups optimism over
the office market in Singapore in

IOI Properties Group Bhd


RM
3.0

Vol (mil)
8

6
2.5
4

RM2.35
2.0

1.5

Nov 11, 2015

Nov 9, 2016

the longer term, although the price


tag is quite aggressive.
I understand their South Beach
office has been fully leased out. If
you look at the bid, location-wise,
it is very strategic, she said, noting
that the land had attracted seven
bidders, including big names like
MapleTree Trustee and OUE Ltd,
Guangzhou R&F Properties and
Tang City Properties.
So the land [seems to be] a
must-have parcel for developers,
she added.
Loong noted that IOI Properties had also made clear that
it wants to grow sustainable recurring income from the office
segment and the acquisition is
just part of its strategy.
According to its Annual Report

2016, IOI Properties had cash of


RM2.1 billion, while borrowings
amounted to RM4.2 billion as at June
30, 2016 (financial year 2016 [FY16]).
Its net gearing stood at 14% as at FY16.
IOI Properties has five developments in Singapore, namely Cape
Royale and Seascape at Sentosa
Cove, Cityscape @ Farrer Park,
South Beach and The Trilinq.
IOI Properties also stated in the
annual report that its South Beach
project, a joint-venture development with City Developments Ltd,
had managed to lease out more
than 90% of total retail space.
The completion of the mass
rapid transit (MRT) link in July 2016,
which provided the vital link to the
Esplanade and City Hall MRT stations, will not only provide convenience to the development, but also
enhance the vibrancy and footfall
of the retail area, it added.
Despite this, IOI Properties expects sales in the private residential
market in Singapore to continue to
be challenging as a result of continuing global economic uncertainty and the cooling measures
being in force.
However, price affordability
and established locations will be
key determinants for prospective
homebuyers, and this is evident
with the continued sales recorded
in our Trilinq project during the
financial year under review, the
group added.

TA Global, TA Enterprise up on
Trump presidential win
BY LI E W J I A T E N G

KUALA LUMPUR: TA Global Bhd


and TA Enterprise Bhd saw their
share prices rise 11.1% and 5.4%
respectively, as investors trade
on the counters on the back of
Donald Trumps victory against
Hillary Clinton in the US presidential election yesterday.
Notably, TA Global, which is
60.17%-owned by TA Enterprise,
is the joint developer of the Trump
International Hotel and Tower project in Vancouver, Canada.
As Trump was elected as the
45th president of the US, shares
in TA Global yesterday gained 2.5
sen to close at 25 sen, giving it a
market capitalisation of RM1.33
billion. TA Enterprise shares also
went up 2.5 sen to settle at 48.5
sen, giving it a market capitalisation of RM830.3 million.
TA Global and TA Enterprise
bucked the trend to advance at a
time when the FBM KLCI declined
1% to 1,647.62 points.
Interestingly, TA Global and
TA Enterprise, which are often
thinly traded, saw some 18.1 million shares and 2.94 million shares
respectively changing hands yesterday. With a Trump win, it appears
that some investors are now chasing shares in the two companies.
This is actually more like a
trading play rather than an investment, so I think it (the share
price spike) is not sustainable, a
senior analyst told The Edge Financial Daily.
Meanwhile, a veteran stockbroker speculated that TA Global
could even secure more contracts
from Trump in the future.
When your business partner is
the US president, it is a very rare
and powerful connection, he said.
Trump International Hotel and
Tower Vancouver is being devel-

TA Global Bhd
Sen
30

Vol (mil)
20

15

25 sen
25

10

20

Sept 11, 2015

Sept 11, 2016

oped by West Georgia Development Ltd Partnership, in which TA


Global and Birkbeck Trust own an
equal 50% interest.
It is an iconic 63-storey mixeduse tower comprising a luxury hotel with 147 guest suites, 217 highend residential suites, a four-level
podium and an eight-level underground car park, which is scheduled to be fully completed this year.
In May this year, TA Global director Datin Alicia Tan Kuay Fong
reportedly said the premium lifestyle property firm will realise the
bulk of its profit from the successful construction of the Trump Tower in Canada in the financial year
ending Dec 31, 2016 (FY16).
Trump International Hotel
and Tower contributed RM46.4
million in profit, representing
57.4% of the groups profit, in
the 11-month period ended Dec
31, 2015 (FY15). The group had
changed its financial year end
from Jan 31 to Dec 31.
For FY15, TA Global recorded a
net profit of RM43.62 million on a
revenue of RM534.95 million. The
group will keep three penthouses
in the Vancouver project for recurring income.

BHIC posts second straight quarter of


prots in 3Q on right-sizing initiative
BY Y I M I E YO N G

KUALA LUMPUR: Boustead Heavy


Industries Corp Bhd (BHIC) registered its second straight profitable
quarter arising from the groups
ongoing transformation initiative
to tighten operational efficiencies,
coupled with a strong focus on its
core businesses and competencies.
Its net profit almost quadrupled to RM14.88 million or 5.99 sen
a share in the third quarter ended Sept 30 of financial year 2016
(3QFY16), from RM3.94 million or
1.59 sen a share a year ago.
In a statement yesterday, BHIC
executive deputy chairman and
managing director Tan Sri Ahmad
Ramli Mohd Nor said the groups
performance for 3QFY16 is in line
with its expectation of positive results amid a challenging operating
environment.
Specific right-sizing initiatives,
based on the groups established
performance appraisal processes,
are currently in progress as part of
our efforts to enhance and increase
productivity at all levels, he added.
BHICs revenue grew 11.1% to

RM64.31 million in 3QFY16, from


RM57.88 million in 3QFY15.
For the cumulative nine months
(9MFY16), BHICs net profit, however, slipped marginally by 2% to
RM21.1 million compared with
RM21.52 million in 9MFY15, while
revenue was almost flat at RM197.05
million from RM196.43 million.
BHIC said the heavy engineering
segment contributed positively to
the group, mainly via defence-related maintenance, repair and overhaul projects. The joint venture (JV)
companies involved in the submarine project, as well as the supply
and delivery of guns, also posted
improved profits in 3QFY16.
Going forward, Ahmad Ramli said BHIC is optimistic about
its outlook given recent developments, which include the receipt of
a non-binding letter of intent from
the defence ministry for the supply
of four littoral mission ships for the
Royal Malaysian Navy.
With the new contracts awarded to the JV companies, we believe
these projects will contribute positively towards future earnings of
the group, he added.

6 HOME BUSINESS

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE FI N AN C I AL DAI LY

Validate PIN-and-pay by year end


BNM may act against banks unable to migrate to the mechanism for payment cards by Dec 31
BY YIMIE YONG & SAMANTHA HO

KUALA LUMPUR: Bank Negara


Malaysia (BNM) says it will reserve
the right to take action if individual banks are unable to validate
the PIN-and-pay mechanism for
payment cards by the end of 2016.
To the extent that the bank
has not made sufficient effort,
we will review each bank on an
individual basis, said Tan Nyat
Chuan, director of the payment
systems policy department at the
central bank.
BNM has targeted for all credit

and debit cards to be pin-enabled


by Dec 31 this year, he told a media
briefing yesterday on the migration to PIN-based payment cards.
On the part of the regulator,
weve given sufficient notice to
the industry, Tan said, adding
that the onus is now on the banks
to manage the transition for both
their merchants and cardholders.
As at September, some 307,000
terminals or 38% have been replaced, with a 100% replacement
rate targeted for the end of the
year, Tan said.
Some acquiring banks have

enabled all of their terminals, while


others are making progress. But
merchants still have to be trained
to handle [the new terminals],
he said.
Maybank executive vice president B Ravintharan, who is the
banks head of cards, wealth and
payments, said the local banking
giant has already engaged both
its merchants and cardholders.
We have extended our operating hours and will be opening 30
kiosks [where customers can exchange their debit cards], he said.
Meanwhile, RM455 million has

been allocated by the payment


card industry via a market development fund for the expansion
of point-of-sale (POS) terminals.
The fund is an initiative by MasterCard and Visa via merchant
banks, and is in line with BNMs
initiative to increase the number
of terminals to 800,000, or 25 terminals for every 1,000 inhabitants
by 2020.
BNM has urged the public to replace their signature-based debit,
credit, prepaid and charge cards
with pin-based payment cards by
Jan 1 next year as the central bank

plans to phase out signature-based


cards by July next year.
Meanwhile, regarding the safety
of the contactless EMV chip payment cards which allow cardholders to make low-value purchases without entering their PIN or
signing, Ravintharan, who is also
chairman of the National Cards
Group, reassured the public that
electronic pickpocketing was not
as easy as reports suggest.
He allayed fears by citing the
need for a 4cm physical proximity
between the card and the terminal
to complete a transaction

Atilze in talks with Selangor government,


developers for LoRa network adoption
GHO CHEE YUAN

S P Setia wins
RM620m land tender
BY NEILY SYAFIQAH EUSOFF

KUALA LUMPUR: S P Setia Bhd,


which recently clinched the top
spot in The Edge Malaysia Top
Property Developers Awards 2016,
has won the tender to purchase a
1,675-acre (678ha) piece of land in
Seberang Perai Utara, Penang for
RM620 million.
In a statement yesterday, S P
Setia said it plans to develop the
land over 15 to 20 years into an ecothemed mixed-development township that has a potential gross development value of RM9.6 billion.
It added that it had been notified by WTW Real Estate Sdn Bhd

of its successful tender bid for the


freehold land. The land tender was
made through its subsidiary, Setia
Recreation Sdn Bhd.
The land represents S P Setias maiden entry into mainland
Penang and it is located within the
Butterworth-Sungai Petani growth
corridor, with good accessibility
from the North-South Highway via
the Bertam Interchange. The land
is approximately 18km away from
Butterworth and 32km away from
Penang Bridge, it said.
S P Setia shares closed 12 sen
or 3.66% lower at RM3.16 yesterday, with a market capitalisation
of RM8.88 billion.

KUALA LUMPUR: Apparel maker Yen Global Bhds diversification into the Internet of Things
(IoT) is gaining traction, thanks
to the rising rates of adoption of
smart cities and sustainable environment development across
the world.
The group, which became an
IoT player in July with the entry of
Taiwan-based Gemtek Technology
Co Ltd as a major shareholder, is
now in talks with several township
developers, as well as the Selangor
state government, to introduce its
LoRa network system invention
in their projects.
We are in the early stages of
negotiation with several developers intending to use our system to
turn their projects into a smarter township [in order to] operate and manage it in an efficient
manner, said Atilze Digital Sdn
Bhd chief executive officer (CEO)
Gerard Lim Kim Meng during a
media tour yesterday. Atilze is a
wholly-owned subsidiary of Yen
Global.
Some of the things will continue to evolve, and there will be
some different and innovative approaches which I am sure we will
see very soon ... Definitely by next
year, some of them (the deals) will
materialise, Lim added.
He said Atilze is currently in
talks with the Selangor government to use the LoRa solution for
environmental management, including intelligent street lighting,
smart car parking, water management, slope management to detect
and predict landslides, trackers
for children and the elderly, manhole covers and meter reading.
So far, nobody has said no. The
good thing is that the demand is
there. [As the technology is] new,
everyone wants to be pioneers
to see what our solution can do
for them.
We received many enquiries

IoT market in Malaysia

Sources: Gartner 2014, Malaysia National IoT Strategic Roadmap 2015

from various parties asking for


trials and tests, he said, adding
that the companys immediate
focus is to develop the system
and apps relating to environment
surveillance and security.
LoRa technology is a low-power, long-range, wide-area network
specification that is designed to
meet demands of todays IoT applications and services such as
sensors operating on batteries.
In terms of investment, Lim
shared that the group is committed to investing at least RM10 million within the next 12 months
for its hardware and software enhancements.
The investment will include the
installation of gateways in 26 sites
leased from edotco Group Sdn
Bhd, a unit of Axiata Group Bhd,
to enable it to roll out the LoRa
networks across the Klang Valley.
This follows an announcement
made by Axiata in September stating that the group was collaborating with Atilze for 12 months to
trial, explore, develop and pursue
viable IoT opportunities across
Southeast Asia.
Citing Malaysias National IoT

Strategic Roadmap 2015, Lim said


the local IoT market is expected to
reach RM9.5 billion by 2020 and
surge to RM42.5 billion in 2025.
Out of the total, nearly 80%
of the value is expected to come
from apps and services, as well as
the analytics segment, said Lim.
In view of the resilient industry,
he hopes that Atilze can grow to
become a RM1 billion company
in the IoT sector by 2020.
Apart from expanding its business locally, Atilze is in the midst
of incorporating a company in
Indonesia called PT Atilze Digital to introduce LoRa solution to
the country.
We have been engaging with
several corporate and government agencies to showcase our
product to be used in their smart
city projects.
Apart from Indonesia, we are
also looking for business opportunities in Thailand, he said, adding
that the companys vision is to position itself as a regional IoT player.
Yen Global shares closed down
two sen or 1.77% at RM1.11 yesterday, bringing a market capitalisation of RM152.29 million.

HOME BUSINESS 7

THU R S DAY N OV E MB E R 1 0 , 20 16 T HE ED G E FINA NCIA L DA ILY

Selangor water
restructuring faces
yet another hiccup
Implementation of master agreement to be extended until March
BY CH E ST E R TAY

KUALA LUMPUR: The restructuring of the Selangor, Kuala Lumpur


and Putrajaya water industry faces
yet another hiccup as the implementation of the master agreement which sees the release of
up to RM2 billion from the federal
governments Pengurusan Aset
Air Bhd (PAAB) to the Selangor
states Pengurusan Air Selangor
Sdn Bhd (Air Selangor) to pay for
the takeover of four water concessionaires will be extended for
another six months.
According to Energy, Green
Technology and Water Minister
Datuk Seri Dr Maximus Ongkili,
the implementation of the master
agreement will be extended until
March next year to make time for
Air Selangor to acquire the 40%
stake in Syarikat Pengeluar Air
Sungai Selangor Sdn Bhd (Splash)
from Gamuda Bhd.
The discussion is still ongoing
and we have agreed to extend the

master agreement for another six


months to allow them to make [a]
conclusion, Ongkili told reporters
at the Parliament lobby yesterday.
We all want to have a quick
conclusion to the whole matter
so that the full restructuring can
be achieved, he added.
The Selangor state government
had offered RM250.6 million to
buy out Gamudas stake in Splash.
However, Gamuda said it will result in a divestment loss of RM920
million.
Splash is one of four water concessionaires in the state. The others
are Syarikat Bekalan Air Selangor
Sdn Bhd (Syabas), Puncak Niaga
(M) Sdn Bhd (PNSB) and Konsortium ABASS Sdn Bhd.
However, Ongkili said details of
the negotiation between the Selangor government and Gamuda are
not available to him as the federal
government is not involved in it.
We leave it to the two parties;
the ball is in their court. Once they
confirm the pricing, and then it is

for the federal government to say


How much can we help, with regards to [the] loan [for the acquisition], he said.
In August this year, it was reported that Air Selangor had until
October to complete the takeover
deal with Splash. The deal is the
final obstacle for the Selangor government to have full control of all
water assets in the state as Splash
is the sole remaining private water concessionaire that is yet to be
taken over by Air Selangor.
The long-drawn saga over the
water restructuring deal between
Selangor and the federal government was supposed to have been
concluded after the final four
agreements were signed between
the two parties in September 2015.
The signing of the agreements allowed the completion of the master agreement and the release of
up to RM2 billion from PAAB to
Air Selangor to pay for the takeover of Syabas, PNSB, Konsortium
ABASS and Splash.

Mistry: Palm oil prices to drop to RM2,500 by year end


KUALA LUMPUR: Palm oil prices
are expected to drop 11% from current levels to a more-than-threemonth low by the end of 2016, and
extend losses through June as production and inventories recover
from the El Nino weather event, a
leading industry analyst said.
Benchmark palm oil futures on
the Bursa Malaysia Derivatives Exchange have already gained 14%
this year with dryness linked to last
years El Nino hurting palm fruit
bunches in top producers Indonesia and Malaysia. Prices hit an
almost three-year high this week
and are now at RM2,826 per tonne.

Palm oil futures will drop to


RM2,500 by the end of December,
analyst Dorab Mistry said yesterday at the China International Oils
& Oilseeds Conference in Guangzhou. That would be the lowest
since early September.
The market will sink further to
RM2,200 by June next year, a level
last seen in July 2016, due to sustained pressure as the impact of
El Nino wears off, he added.
I anticipate a build-up of stocks
in Malaysia as well as Indonesia,
Mistry said.
In the oil year from October 2015
to September 2016, global palm oil

production declined by a record of


over six million tonnes, but there
will be a strong recovery next
year, Mistry said.
He reiterated that world output
would recover by nearly 6.5 million
tonnes for oil year 2016/2017 and
calendar year 2017.
Mistry forecast Malaysian palm
oil production in the current calendar year at 17.5 million to 17.7
million tonnes. That would be a
drop of 11% to 12% from a year ago.
The analyst, however, cautioned
that his price projections did not
take into account the outcome of the
US presidential election. Reuters

(From left) Ooi, Ng and Sage Software Asia Pte Ltd director of strategic partnerships
and alliances Lukas Taylor at the launch of the MPOS yesterday. Photo by Sam Fong

RHBs SME financing


division to contribute 20%
of groups profit by 2019
BY ADE LA M EG A N W IL LY

KUALA LUMPUR: RHB Bank Bhds


small and medium-sized enterprise
(SME) financing division is aiming
to contribute 20% of the banking
groups bottom line in three years.
Although it declined to reveal
the current size of its SME client
pool, RHBs business and transaction banking division director
Datin Amy Ooi Swee Lian said
the bank currently accounts for
about 8.8% of the pie in terms of
SME financing.
SMEs form the backbone of the
local economy, and accelerate the
growth and success of banking institutions. At the moment, we are
ranked number four in terms of
SME banking, Ooi told the press
after launching the Merchant Mobile Point of Sale (MPOS) wireless
payment device yesterday.
With that, RHB is aiming for
double-digit growth of its SME financing portfolio by end-2016. Although the banks current growth
rate for the segment was not disclosed, it claimed that it is growing above the industrys average,
which hovers between 8% and 9%.
By December 2016, we hope
to post double-digit loan growth
for SMEs. We are currently doing

better than the industrys average


of about 8% to 9%, said RHBs head
of SME division Jeffrey Ng Eow Oo.
RHBs MPOS pocket-sized payment device launched yesterday
offers SMEs fast, simple and seamless connectivity to the e-retail
ecosystem.
The MPOS is integrated into
the cloud-based Electronic Point
of Sale system to enable fast and
convenient payment collection,
and accepts all kinds of card transactions, too.
The introduction of the MPOS
is part of the banks SME e-Retail
Solution which offers retailers total technology and banking solutions aimed at improving SME
businesses.
We are proud to be the first
financial institution in Malaysia
to offer a total connectivity solution for SMEs. The SME e-Retail
Solution offers SMEs a holistic
solution for seamless connectivity, therefore achieving cost reduction and greater efficiency in
their businesses, said Ooi.
The group hopes to achieve
at least 1,000 subscribers for its
SME e-Retail Solution by year
end. The figure is expected to
increase to about 5,000 over the
next three years.

8 ST O C KS W I T H M O M E N T U M
www.theedgemarkets.com

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE FI N AN C I AL DAI LY

Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and rst appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specic investment needs. We are not responsible for your investment decisions.
Our shareholders, directors and employees may have positions in any of the stocks mentioned.

ACCSOFT TECHNOLOGY BHD (+ve)


SHARES in Accsoft Technology Bhd (fundamental: 2.25/3, valuation: 0/3) triggered
our momentum algorithm for the first time
since we started tracking. The counter closed
up 0.5 sen or 1.82% at 28 sen yesterday, with
9.22 million shares traded. In comparison, its
200-day average volume was 989,384 shares.
The information technology company saw
its net loss widen to RM10.91 million in the
fourth financial quarter ended June 30, 2016
from RM975,000 a year ago, mainly due to
a grant of share option to the employees of
ACCSOFT TECHNOLOGY BHD

approximately RM12.49 million. Revenue,


however, rose 6.38 times to RM3.45 million from RM541,000, due to higher e-commerce-related contribution from China.
For the full year, its net loss widened to
RM8.22 million from RM1.26 million, despite revenue surging 4.59 times to RM8.04
million from RM1.75 million.
Accsoft said it is changing its financial
year end from June 30 to Dec 31.
The stock currently trades at 3.57 times
its book value.
Valuation score*
0.00
2.25
Fundamental score**
TTM P/E (x)
TTM PEG (x)
3.57
P/NAV (x)
TTM Dividend yield (%)
176.13
Market capitalisation (mil)
Shares outstanding (ex-treasury) mil 640.47
0.91
Beta
0.13-0.28
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& protability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have

EKOVEST BHD (+ve)


SHARES in Ekovest Bhd (fundamental:
1.5/3, valuation: 1.4/3) triggered our momentum algorithm for the 10th time this
year. The counter closed 10 sen or 4.44%
higher at RM2.35 yesterday, with some
17.99 million shares traded. It only saw
1.14 million shares in its 200-day average
volume.
Ekovest said on Tuesday that it intends
to distribute RM245 million as special dividend to shareholders, which accounts for
21.7% of the RM1.13 billion proceeds from
EKOVEST BHD

the disposal of 40% stake in Konsortium


Lebuhraya Utara-Timur (KL) Sdn Bhd to
the Employees Provident Fund.
The special dividend needs board approval, but it works out to approximately
28.6 sen per share. Including the three sen
first and final dividend that was announced
last month, that brings Ekovests total dividend payout to 31.6 sen for the year.
The stock currently trades at a trailing
12-month price-earnings ratio of 12.3 times
and is at 1.46 times book value.
Valuation score*
1.40
1.50
Fundamental score**
12.30
TTM P/E (x)
0.02
TTM PEG (x)
1.46
P/NAV (x)
0.89
TTM Dividend yield (%)
1,924.76
Market capitalisation (mil)
Shares outstanding (ex-treasury) mil 855.45
0.63
Beta
0.92-2.26
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& protability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have

EVERSENDAI CORP BHD (+ve)


SHARES in Eversendai Corp Bhd (fundamental: 0.35/3, valuation: 1.2/3) triggered
our momentum algorithm for the first time
this year. The counter closed unchanged at
52.5 sen yesterday, with 6.21 million shares
traded. In comparison, its 200-day average
volume was 953,131 shares.
The contractor, with presence in the Middle East, India and Southeast Asia, has secured RM1.8 billion worth of contracts so
far this year. Its order book and tender book
EVERSENDAI CORP BHD

stand at RM2.5 billion and RM20.8 billion


respectively.
Eversendai posted a net loss of RM21.28
million in the second quarter ended June
30, 2016, compared to a net profit of RM14.1
million a year ago, on higher finance costs
and higher loss resulting from fair value
of financial assets. Revenue fell 0.87% to
RM421.55 million from RM425.23 million.
The stock currently trades at 0.41 times
book value.
Valuation score*
1.20
0.35
Fundamental score**
TTM P/E (x)
TTM PEG (x)
0.41
P/NAV (x)
0.95
TTM Dividend yield (%)
406.30
Market capitalisation (mil)
773.90
Shares outstanding (ex-treasury) mil
1.23
Beta
0.42-0.90
12-month price range
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& protability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have

HOME BUSINESS

Protasco to launch
RM600m affordable homes
at De Centrum by 2Q17
BY AHM AD NAQI B I DRI S

KUALA LUMPUR: Protasco Bhd will be


launching affordable homes with a gross
development value (GDV) of RM600 million at its De Centrum City township in
Kajang by the second quarter of 2017
(2Q17), as the group capitalises on the
strong demand for this segment amid a
subdued property market.
Protasco executive vice chairman and
managing director Datuk Seri Chong Ket
Pen said the local property industry is still
facing a challenging time amid the various
cooling measures imposed.
He added that the dampened market
has impacted its Rimbawan project at De
Centrum, which offers middle to upmarket units priced between RM800,000 and
RM1.5 million.
We feel that in order to buck the market trend, we have to concentrate more
on affordable housing. The recent Budget
2017 also announced several affordable
housing measures, so our strategy is in
line with the governments move to build
more affordable housing.
So we will be emphasising more on
affordable phases to be launched, he told
the media at a press conference, following
the conclusion of the groups extraordinary
general meeting yesterday.
Chong said the group is looking at
launching the affordable houses in two
phases, with each phase valued at RM300
million, on an eight-acre (3.24ha) piece
of land within the De Centrum township.
We have almost finalised the plans for
the affordable homes. The units measure
between 500 and 600 sq ft, with state-ofthe-art interior design packages.
There has been good response as there
were lots of enquiries already before we even
launched it. We will probably launch it within the second quarter of next year, he said.
Meanwhile, the RM350 million GDV
Rimbawan development will go on, said
Chong, but he added that construction
works will only commence when bookings
reach 40%. Currently, bookings stand at
around 30%, he said.

Chong: We feel that in order to buck the


market trend, we have to concentrate more on
aordable housing.

The group had already pushed back


the launch of the development, which was
supposed to be in June this year. Protasco now aims to launch the project before
end-2016.
Rimbawan was supposed to be
launched in June actually. We delayed
it for at least six months to one year, but
we are still selling the units. This project
is obviously impacted by the slowdown
in the property sector, but we will adapt
to market needs and focus more on the
smaller units, he said.
Meanwhile, Chong said the group is
doing a feasibility study to develop the
seven acres of land it owns in Sandakan,
Sabah, seeing as more developments are
popping up in the vicinity of the tract.
Protasco is also looking to develop
the 14 acres it owns in Pasir Gudang, Johor, which Chong said could comprise
three-storey and four-storey shops.
We are on the lookout for more land
and we are looking at areas outside the
Klang Valley. We are contemplating to
venture into mass housing such as double-storey houses, semi-Ds and bungalows.
We are looking at a few offers now
actually. We are targeting to secure land
banks measuring about 100 acres to 150
acres for townships, he said, adding that
the weak property market provides a good
opportunity to acquire land.

Overnight Policy Rate stays at 3% to ensure


strong domestic economy MoF
KUALA LUMPUR: The governments decision to maintain the Overnight Policy
Rate (OPR) at 3% aims to ensure that the
domestic economy continues to remain
strong, said the ministry of finance (MoF).
The move is also aimed at ensuring
a stable inflation rate and efficiency in
financial intermediation, it said.
The monetary policy decision also
aimed to find the right balance between
inflation risk and domestic growth over
the medium term.
The policy decision is vital to efforts
to ensure the countrys economy continues to record sustainable growth. Additionally, a stable inflation rate will help
improve the peoples well-being, the
ministry said in a written reply issued in
Parliament here yesterday.

At the Monetary Policy Committee


meeting on July 13, the government decided to lower the OPR by 25 basis points
to 3%, and maintained the rate at the subsequent meeting in September.
The MoF explained that the current
OPR is based on a monetary policy that
is supportive of the countrys economic
activities.
The rate is also based on the latest
information to ensure risk of financial
imbalances is under control, it said.
Moving forward, the MoF said the
monetary policy will continue to depend
on Bank Negara Malaysias evaluation,
based on the latest data and information,
as well as the implications for prospects
for price stability and economic growth
over the medium term. Bernama

10 B R O K E R S C A L L

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE FI N AN C I AL DAI LY

Weak 1H for
Amcorp Properties
within expectations
Amcorp Properties Bhd
(Nov 9, RM0.78)
Maintain hold but at a lower target price (TP) of 80 sen: Amcorp
Properties (AmProp) first half ended Sept 30, 2016 of financial year
2017 (1HFY17) weaker net profit
of RM11 million (down 86% yearon-year [y-o-y]) was within expectations. Earnings should remain
lacklustre for another quarter until
the completion of the Campden Hill
project in London. Leading to the
run-up of Brexit, weaker London
property demand and softer prices
remain risks.
AmProps second quarter ended
Sept 30, 2016 (2QFY17) core earnings declined 68% year-on-year
(y-o-y). Sequentially, 2QFY17 earnings, however, rose 52% to RM6.8
million due to the low base effect
in 1QFY17 and the stronger contributions from sales of properties
from its Japanese joint venture (JV).
The JV contributions amounted to
RM9.9 million following property
sales at Westminster Nanpeidai and
Conciera Shinjuku. This contributed
the bulk of the 2QFY17 earnings.
Cumulatively, 1HFY17 core earnings of RM11 million fell 86% y-o-y.
This was, however, unsurprising and
in line with our expectations (15%
of our FY17 full-year estimate) as
there was a major asset disposal
(4B Merchant Square in London) in
1QFY16, followed by the recognition
of forex gains in 2QFY16. We expect
earnings to remain relatively small

Amcorp Properties Bhd


FYE MARCH (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)

2015

2016

2017E

2018E

2019E

173.6
50.4
41.2
35.5
5.9
13.2
35.5
5.9
(13.6)
13.2
3.0
3.8
10.4

168.2
103.7
91.0
84.5
14.1
5.6
84.4
14.1
136.4
5.6
6.0
7.6
3.7

136.2
29.4
82.9
77.4
12.9
6.1
77.4
12.9
(8.3)
6.1
5.2
6.6
13.6

136.7
30.5
153.3
147.9
24.6
3.2
147.9
24.6
91.0
3.2
9.9
12.6
13.6

138.7
31.9
128.7
123.3
20.5
3.8
123.3
20.5
(16.6)
3.8
8.2
10.5
14.4

Sources: Company, Affin Hwang forecasts

for the coming 3QFY17 before the


recognition of earnings from the
partial completion of the Campden
Hill London project. Our FY17 net
profit of RM77 million is predominantly underpinned by this project,
which is slated for completion by
February 2017.
The stock price has underperformed after the announcement
of Brexit and concerns over weaker demand for London property
sales as multinational corporations
(MNCs) deliberate on relocating
their headquarters back to Europe.
Any slowdown in demand would
affect property sales and prices,
which could negatively affect our
earnings forecasts.

We maintain our hold rating


as we see deep value in AmProp,
given its strong project pipeline and
mid-term earnings delivery. But we
cut our 12-month TP to 80 sen from
89 sen after assigning a larger 65%
discount (previously 60%) to the
property segments revalued net
asset valuation to account for the
increased risks that Brexit poses.
Key upside risks include better-than-expected property sales
and a pickup in London property
prices, while downside risk would
be further depreciation in the British pound which could negatively affect our earnings per share.
Affin Hwang Investment Bank
Bhd, Nov 9

Hartalega posts better 1H prot


Hartalega Holdings Bhd
(Nov 9, RM4.74)
Maintain neutral call on Hartalega
Holdings with a rolled-over target
price (TP) of RM4.37: Hartalega
Holdings recorded a 19.9% yearon-year (y-o-y) increase in its first
half ended Sept 30, 2016 of financial year 2017 (1HFY17) revenue to
RM838.8 million, while net profit
grew 3.4% y-o-y to RM127.3 million,
accounting for 46% and 49% of our
and consensus earnings estimates
respectively.
The better performance in
1HFY17 was largely underpinned
by stronger sales volume (+26.7%
y-o-y) while earnings before interest
and tax margin dropped to 18.1%
(1HFY16: 22.2%), weighed down
by higher costs from chemicals,
natural gas, staff and maintenance.
Hartalega Holdings declared a
first interim dividend of two sen
per share, which was within our
expectations.
Second quarter ended Sept 30,
2015 (2QFY17) revenue was RM437
million (+15.2% y-o-y, +8.7% quarter-on-quarter [q-o-q]) with earnings at RM71.1 million (+17.8%
y-o-y, +26.6% q-o-q). The better
revenue was driven by higher utilisation rate of 88% this quarter
(1QFY17: 81%).
On updates, Plant Three has
commenced operations since October but in stages, with a new line
per month. In this challenging environment, the group continues to
enhance its productivity through

The group plans to


implement automated
systems for its
packaging and quality
control processes to
reduce reliance on
foreign workers.
automation efforts. To date, 20 of 70
lines are installed with automated
stacking machines.
Going forward, the group plans
to implement automated systems
to its packaging and quality control
processes to reduce reliance on foreign workers. The groups initiative
is expected to reduce the number
of foreign workers by 10% to 20%
upon the full completion of the Next
Generation Integrated Glove Manufacturing Complex (NGC) plants.
We believe Hartalega Holdings is
fairly valued at current levels with a
28.2 times FY17 forecast price earnings (at +1 standard deviation above
its five-year historical average).
As such, we maintain our neutral call on Hartalega Holdings
and raise our TP to RM4.37 (from
RM4.28 previously) reflecting our
rolled-over discounted cash flow
valuation. Downside risks to our
earnings are weaker average selling
price amid heightened competition
and potential delays on the NGCs
expansion plans. Public Investment Bank Bhd, Nov 9

Hartalega Holdings Bhd


FYE MARCH (RM MIL)

Revenue
Gross profit
Pre-tax profit
Net profit
EPS (sen)
PER (x)
DPS (sen)
Dividend yield (%)

2015A

2016A

1,146.0 1,498.3
341.4
401.7
276.9
317.4
209.7
258.0
12.8
15.7
37.3
30.4
13.0
8.0
2.7
1.7

2017F

2018F

1,643.6 1,876.5
463.2
510.8
343.8
369.9
278.0
299.1
17.0
18.3
28.2
26.2
8.5
9.1
1.8
1.9

2019F CAGR (%)

2,083.9
569.1
407.8
329.8
20.1
23.7
10.1
2.1

13.5
9.1
5.7
7.2
7.2
-

Source: Company, PublicInvest Research estimates

Affin Holdings Affinity expected to drive earnings


Affin Holdings Bhd
(Nov 9, RM2.20)
Retain add due to attractive valuation with target price (TP) raised
to RM2.96: Management divulged
details of its transformation programme, called Affinity, and the
targets for 2020, in a roadshow in
Kuala Lumpur recently.
We foresee tangible benefits
from Affinity, in the form of improvements in the cost-to-income
ratio, enhancement of its digital
banking capabilities to elevate its
competitiveness in this fast-growing segment, and stronger fee income generation. This will help to
address its areas of weakness like
its sector-high cost-to-income ratio
of 60% in 2015, and the relatively
small non-interest generation from
other divisions of Affin Bank, like
treasury, credit cards and wealth
management.
The early successes for Affinity have been the spike-up in the
pipeline of undisbursed mortgage
loans from RM700 million in 2015 to

Affin Holdings Bhd


FYE DEC (RM MIL)

RM3 billion now, and cost savings


of RM20 million to RM25 million a
year from the outsourcing of certain functions.
Affin Bank has an aggressive target to double its operating income
from 2015 to 2020 (or a five-year
compound aggregate growth rate
[CAGR] of 15%), which is significantly higher than our estimated growth

Net interest income


Total non-interest income
Operating revenue
Total provision charges
Net profit
Core EPS (RM)
Core EPS growth (%)
FD core PER (x)
DPS (RM)
Dividend yield (%)
BVPS (RM)
P/BV (x)
ROE (%)
CIMB/consensus EPS (x)

2014A

2015A

2016F

2017F

2018F

969
851
1,820
16.4
592.7
0.34
(20.7)
6.26
0.15
6.94
4.08
0.53
8.28
-

948
855
1,802
(188.4)
369.3
0.19
(44.9)
11.36
0.08
3.70
4.26
0.51
4.56
-

948
940
1,888
(102.3)
483.5
0.25
30.9
8.68
0.09
4.05
4.34
0.50
5.79
1.07

1,117
1,007
2,123
(150.7)
562.3
0.29
16.3
7.46
0.10
4.71
4.52
0.48
6.54
1.19

1,194
1,066
2,260
(169.2)
607.1
0.31
8.0
6.91
0.11
5.09
4.71
0.46
6.78
1.23

Source: Company data, CIMB forecasts

of 43.5% over the same period.


If we apply the targeted 15%
CAGR on operating revenue for
Affin Holdings, our financial year
ending December 31, 2017 (FY17)
to FY18 net profit forecasts will be

lifted by 34%-59% (assuming constant overheads and credit costs)


which will also increase our TP by
80% from RM2.96 to RM5.33.
The management also addressed
some market concerns during the

meetings that i) the gross impaired loan ratio would be stable


for end-2016 versus 1.9% for end2015, ii) there would be an uptick
of credit costs but with credit sustainable charge-off rate expected
to be low at 20 to 25 basis points,
and iii) the exposure to the oil and
gas sector is small at only 1.5% of
its total loans.
Affin remains an add given its
attractive valuation FY17 price
earnings of 7.5 times and price-tobook value of 0.5 times, significantly
lower than the 10.8 times and 1.3
times, respectively, for the sector.
We retain our FY16-FY18 earnings
per share (EPS) forecasts but raise
our two-stage dividend discount
model-based TP from RM2.60 to
RM2.96 due to the rollover of the TP
to end-2017, and the increase in the
assumed growth rate for the interim
growth phase on the expectation
that Affinity will drive earnings.
The downside risk is a spike-up in
impaired loans. CIMB Investment
Bank Bhd, Nov 9

B R O K E R S C A L L 11

THU R S DAY N OV E MB E R 1 0 , 20 16 T HE ED G E FINA NCIA L DA ILY

PetDag sees
surprisingly good 3Q
Petronas Dagangan Bhd
(Nov 9, RM23.40)
Maintain outperform call with a revised target price (TP) of RM25.48:
The third quarter ended Sept 30,
2016 (3QFY16) result was a pleasant
surprise, beating forecasts despite a
lower sales volume from a high base
in the preceding quarter, as higher
average selling price (ASP) and margin improvement helped to produce
a solid set of results. As the year-end
travelling season is up again while
oil prices are fairly less volatile, the
final quarter is predictably another
good quarter.
Petronas Dagangan Bhd (PetDag) reported 3QFY16 results which
came in above expectations as the
3QFY16 net profit of RM248.8 million
brought year-to-date (YTD) cumulative nine months ended Sept 30, 2016
(9MFY16) core earnings to RM737.4
million which made up 86%/85% of
house/streets financial year ending
Dec 31, 2016 (FY16) estimates.
This was mainly due to the decline
in 3QFY16 volume which was lower
than expected. Higher ASP partly

helped to push margins higher especially for the commercial segment.


A 14 sen third interim net dividend
per share (NDPS) was declared in
3QFY16 (ex-date: Nov 21; payment
date: Dec 8) which was the same as
2QFY16 and 3QFY15. This brings
9MFY16 NDPS to 40 sen similar to
9MFY15.
Headline net profit in 3QFY16
jumped 16% quarter-on-quarter to
RM248.8 million from RM216 million in 2QFY16 that included RM89.8
million impairment for trade receivables on subsidy claims for diesel
for April 2012 to January 2013, and
RM35.6 million gain on disposal of
its entire liquefied petroleum gas
business in Vietnam.
Adjusting these items from the
previous quarter, 3QFY16 earnings
declined 8%, despite revenue rising
4%, largely due to higher taxation reported in 3QFY16 with an effective
tax rate of 25% from 24%.
In fact, the operating numbers
in 3QFY16 were fairly strong despite sales volume dipping 1% from
the high base in 2QFY16 as the ASP

rose 5% over the quarter. This was


reflected in the 4% increase in revenue. The higher ASP especially in
the commercial segment also helped
to expand profit margins.
Despite falling ASP year-on-year
as Mean of Platts Singapore (MoPS)
collapsed, it managed to register a
14% jump in 3QFY16 earnings and
6% increase in 9MFY16 core net
profit. This was largely attributed
to improved diesel margins for both
retail and commercial segments as
well as other income.
In 3QFY16, ASP for the retail segment fell 15% from last year, while the
commercial segment slid 11% causing ASP at the group level to decline
by 13%. YTD, 9MFY16 ASP plunged
18% as the ASP for retail segment
dropped 14%, while the commercial segment plummeted by 21%.
We believe the drop in the ASP did
not affect its profitability because the
drop in MoPS was gradual over time
which smoothened its inventory cost.
With the crude oil price falling
back to the mid-US$40 (RM168)
per barrel level, which is similar to

Expect Aeon Credits asset


quality to remain stable
Aeon Credit Service (M) Bhd
(Nov 9, RM13.98)
Initiate with neutral recommendation and a target price (TP) of
RM15.40: Aeon Credit Service (M)
Bhd, a subsidiary of Aeon Financial
Service Co Ltd Japan, is listed on
the Main Market of Bursa Malaysia
Securities Bhd. Aeon Credits core
businesses are in providing easy
payment schemes for the purchase
of consumer durable and motor vehicles, personal financing schemes,
issuance of credit cards and equipment financing for small businesses.
The main target groups are low- to
medium- income households.
Its key investment merits are
Aeon Credits financing receivables
has been on the rise reaching RM6.02
billion in the first half ended Sept 30,
2016 on the back of strong demand
growth for its products and services
from its niche market segment. We
have conservatively forecast its total financing receivables growth at
a slightly slower pace of 17%.
The company has enjoyed healthy
net interest margin (NIM) in the past,
but we expect its NIM to be under
pressure in the coming quarters attributable to the lower yielding used
car financing in its loan portfolio and
higher funding cost for new longterm funding.
In addition, the asset quality will
still be at manageable level due to
managements prudent action to
closely engage with defaulters.
Apart from that, it has experienced strong growth over the last

Revenue
Operating income
Pre-tax profit
Net profit
Vs consensus estimate
EPS (sen)
EPS growth (%)
PER (x)
P/BV (x)
Dividend (sen)
Dividend yield (%)

2015

2016

2017F

2018F

2019F

871.6
426.6
289.3
215.7
149.8
23.0
8.7
2.7
57.0
4.4

965.2
464.8
301.6
228.2
158.5
5.8
7.5
2.2
59.5
5.0

1,078.6
525.4
313.3
234.8
243.7
163.0
2.9
8.8
2.2
61.2
4.3

1,193.0
560.1
325.2
243.7
260.7
169.2
3.8
8.5
1.9
63.5
4.4

1,279.8
590.9
334.7
250.8
295.5
174.2
2.9
8.2
1.7
65.3
4.6

Sources: Company, forecasts by MIDFR

Aeon Credits core


businesses are providing
easy payment schemes
for the purchase of
consumer durable and
motor vehicles, personal
nancing schemes,
issuance of credit
cards and equipment
nancing for small
businesses.

five years, where the compound


annual growth rate (CAGR) for its
net profit was 29%, driven by continuous growth in revenue and financing receivables.
We anticipate that its net profit is set
to grow at a three-year CAGR of only
3% due to a high base effect, possible
cautiousness of consumer affecting demand and high household debt level.

FYE DEC (RM MIL)

Turnover
Ebit
PBT
Net profit
Core net profit
Consensus
Earnings revision (%)
Core EPS (sen)
Core EPS growth (%)
NDPS (sen)
BV/Share (RM)
NTA/Share (RM)
Core PER
PBV (x)
Price/NTA (x)
Net gearing (x)
Dividend yield (%)

2016E

2017E

2018E

21,667
1,235
1,235
934
934
866
8.7
94.0
18.2
65.8
5.27
5.27
24.9
4.44
4.44
N cash
2.8

22,102
1,285
1,288
974
974
910
4.2
98.0
4.3
68.6
5.56
5.56
23.8
4.20
4.20
N cash
2.9

22,546
1,324
1,328
1,004
1,004
935
6.3
101.1
3.2
70.8
5.86
5.86
23.1
3.98
3.98
N cash
3.0

Source: Kenanga Research

the 2QFY16 to 3QFY16 levels, the


coming quarter ASP is likely to stabilise. This could reduce the risk of
earnings shock in coming quarters.
On the other hand, sales volume is
likely to rebound in 4QFY16 given
the school and year-end holidays
travelling seasons. Overall, earnings
are expected to be more stable than
previous years as crude oil prices are
unlikely to experience sharp declines
as in the previous two years.
In view of solid sales volume and
improved ASP, we have raised our
FY16 to FY18 estimates by 4% to 9%
as we revised FY16 volume growth
to 2% from 1%, but maintained 1%

each for FY17 and FY18. The ASP is


revised to -17% from -20% for FY16,
but we have kept a 1% growth target
for FY17 to FY18.
Post-earnings revision, our new
TP is now RM25.48 per share based
on the two-year mean of 26 times of
the calendar year 2017 price-earnings ratio (PER) from RM25.40
per share of -0.5 standard deviation three-year average PER of 27
times. Thus, the stock is maintained
at outperform. Risks to our call include drop in business volume and
a sudden plunge in MoPS within a
brief period of time. Kenanga Research, Nov 9

WCTs share price shows positive


gap up from its trading range

AEON Credit Service (M) Bhd


FYE FEB (RM MIL)

Petronas Dagangan Bhd

We initiate coverage on Aeon


Credit with a neutral recommendation and TP of RM15.40. Our valuation is derived based on financial year 2018 forecast book value
per share of RM7.51, pegged to one
standard deviation below its threeyear historical median price to book
value of 2.71 times. MIDF Research, Nov 9

WCT Holdings Bhd


(Nov 9, RM1.80)
Maintain neutral recommendation with a target price of RM1.61:
WCT Holding Bhds share price
shows a positive gap up from its
trading range of RM1.31 to RM1.92
for the past 52 weeks, recording an
increase of 26.8% gain to date from
2016s lowest low of RM1.45 in May.
However, we are adopting a
wait-and-see stance by adding resistance for the share price movements which is RM2.18 and, the
third quarter ended Sept 30, 2016
(3QFY16) earnings results hitting
its mark to review our estimates.
We maintain our view regardless
of the seemingly attractive share
price. The case for WCT has been
compromised by the first half ended
June 30, 2016 (1HFY16) earnings results lagged target, yet to materialise
asset monetisation plan, debt ratio
of 1.01 times which is higher than its
KLCon Index peers of 0.68 times, an
increase of 18% quarter-on-quarter

(q-o-q) increase in payables eroding


working capital and a drop of 236%
decrease q-o-q decrease in cash flow
of operations, discourage us from
changing our view despite appealing share price level.
We have maintained our earnings
estimates pending a possible asset
sale, but have decided to maintain
our numbers pending new managements strategy and also due to
being wary of negative earnings in
upcoming 3QFY16/4QFY16 results.
Nonetheless, we acknowledge
that the mall asset will replicate the
steady stream of utility-like rental
income from concessions but core
competency of construction is still
the better bet.
Furthermore, WCT is mired in
misalignment from the optimal mix
of revenue and operating income
from key segments of malls, construction and property development.
We are wary of WCTs upcoming
quarterly earnings instead of its share
price levels. MIDF Research, Nov 9

WCT Holdings Bhd


FYE DEC (RM MIL)

Revenue
Ebit
Pre-tax profit
Normalised Patami
FD EPS (sen)
EPS growth (%)
PER (x)
Dividend (sen)
Dividend yield (%)
Sources: Company, MIDFR

2013

2014

2015

2016F

2017F

1,655.0
302.7
254.2
153.8
13.7
-8.2
14.8
6.8
2.9

1,662.2
202.4
151.1
111.1
10.1
-26.6
18.9
2.5
1.2

1,854.1
335.6
256.2
216.6
18.1
78.9
8.8
5.0
3.5

1,940.0
191.4
172.2
128.6
11.7
-35.3
15.7
1.8
1.1

1,874.5
347.9
226.8
163.4
14.8
27.0
12.3
1.8
1.0

12 H O M E

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE FI N AN C I AL DAI LY

Phang acquitted
from CBT charges

Security raised
in 10 critical
sectors against
cyberthreats

Former PKFZ GM gets total discharge from three counts involving RM254.85m
SHAH ALAM: The Shah Alam Sessions Court has acquitted former
Port Klang Authority (PKA) general
manager (GM) Datin Paduka OC
Phang on three counts of criminal breach of trust (CBT) involving
RM254.85 million in relation to
the Port Klang Free Zone (PKFZ)
project.
After seven years facing the
charges, Judge Slamat Yahya discharged and acquitted Phang on
Tuesday from the charges after
the Attorney-Generals Chambers granted Phangs representation over the charges, Bernama
reported.

Her lawyer Francis Ng Aik Guan,


when contacted, said the prosecution had asked for a discharge not
amounting to an acquittal, but he
had objected to it and applied for
a total discharge.
The judge allowed our application and acquitted my client,
he said.
The trial of the case had begun
and the court had heard evidence
from three prosecution witnesses.
The PKFZ project was modelled
after the Jebel Ali Free Zone in Dubai as part of a strategic plan to
transform Port Klang into a national
load centre and regional trans-ship-

ment hub.
The project came under scrutiny in 2007, when then Public
Accounts Committee chairman
Datuk Shahrir Abdul Samad said
there were serious concerns about
whether the government would bail
out the troubled project.
In August 2009, Phang was
named, among four parties, as
being responsible for the PKFZ
scandal in a report lodged with the
Malaysian Anti-Corruption Commission by then PKA chairman
Datuk Lee Hwa Beng.
In December 2009, Phang was
charged, as a general manager en-

trusted with funds in an account


with RHB Bank Bhd, with committing criminal breach of trust of
RM98,700,000 at the PKA in Jalan
Pelabuhan Utara, Port Klang, between Oct 1, 2004 and Sept 5, 2005.
She was also charged with committing two other similar offences involving RM21,600,000 and
RM134,550,000 at the same place
between Sept 30, 2005 and May 9,
2006, and between June 1, 2005 and
Jan 13, 2006 respectively.
Phang was charged under Section
409 of the Penal Code which provides
for a jail term of up to 20 years and a
fine. Bernama/news sites

Duterte
arrives for
two-day visit
SEPANG: Malaysia rolled out the
red carpet to welcome Philippine
President Rodrigo Duterte who flew
in yesterday to begin his maiden
two-day visit to the country.
Duterte was greeted at Kuala
Lumpur International Airport by
Minister in the Prime Ministers Department Datuk Paul Low Seng Kuan
after his special aircraft touched
down at 6.06pm.
The Philippine president then inspected a guard-of-honour mounted
by 32 officers and men from the First
Battalion Royal Ranger Regiment.
A foreign ministry statement said
Duterte is scheduled to have discussions with Prime Minister Datuk Seri
Najib Razak on the progress of the
ongoing bilateral cooperation between Malaysia and the Philippines.
The statement said the two leaders would also exchange views on
regional and international issues of
mutual concern.
The foreign ministry said the visit would provide the opportunity
for both leaders to explore ways to
strengthen the existing cooperation
between the two countries.
Malaysia and the Philippines
enjoy warm and cordial relations,
and cooperate on various issues
of common interest at the international level.
Malaysias total trade with the
Philippines in the first eight months
of this year rose by 5.4% to RM13.15
billion, compared with RM12.48
billion in the January to August period last year.
Last year, the Philippines was
ranked Malaysias fifth-largest trading partner in Asean, and the 10th
largest trading partner globally.
Duterte took office as the 16th
president of the Philippines on
June 30. Bernama

KUALA LUMPUR: The government


has increased cybersecurity for
Critical National Information Infrastructure, covering 10 critical
sectors, said the communications
and multimedia ministry (MCMC).
It said the measures were implemented by the National Security Council which oversaw the
National Cyber Security Policy.
These initiatives focus on improving the resistance of the relevant
sectors, and boosting the level of security and preparedness in facing and
combating cyberthreats and attacks.
This is to ensure the country is always
prepared to face any kind of cyber attack, including curbing threats from
hacking, botnets, web-defacement,
information theft and spying, the
MCMC said in a written reply distributed in Parliament yesterday.
The 10 critical sectors comprise
the government, health, banking and
finance, information and communication, water and energy, as well as
defence and security.
From the aspect of capacity development, the MCMC said the
initiatives stress on developing expertise and building up a culture of
security among staff and the public.
The ministry said the Communications and Multimedia Commissions Network Security Centre had
conducted scheduled cyber drills
for the communications sector.
This is to ensure the preparedness and efficiency of the related
sectors in tackling cyber attacks,
in an effort to provide an Internet
service which is secure for consumers, the ministry said. Bernama

Appeals Court
dismisses Khalids
appeal on syariah
enactment
JOINING THE QUEUE ... Taxi drivers forming a long line to ll their tanks with natural gas at a petrol station in Batu

Caves, Kuala Lumpur, which was one of only 22 NGV stations that were operating in the Klang Valley yesterday. Some 67 stations in
the Klang Valley, Negeri Sembilan and Johor have been told to close for upgrading works. Photo by Bernama

Zahid: UK keen to promote Wassatiyyah globally


LONDON: Malaysias initiative on
moderation known as Wassatiyyah
has attracted the interest of the UK.
Deputy Prime Minister Datuk
Seri Dr Ahmad Zahid Hamidi said
the UK had stated its interest to
help promote the concept internationally in the effort to tackle
terrorism.
Ahmad Zahid, who is also home
minister, said UK Home Secretary Amber Rudd disclosed this
to him during their meeting here
on Tuesday.
They in principle are willing
to work with Malaysia to organise a convention on Wassatiyyah
in [the] UK itself.
This to me is a recognition of
the efforts made by Prime Minister
Datuk Seri Najib Razak to promote
Islamic practices that are truly in

line with the teachings of Islam,


he told Malaysian journalists here.
Ahmad Zahid, who is on a fiveday working visit to the UK since
Monday, said this development
showed that the UK government
appreciated the measures taken by
Malaysia to tackle terrorism, and
also its system to promote harmony among Malaysias multiracial
and multi-religious population.
In his discussion with Rudd on
the concept of moderation, the
deputy prime minister said he,
among others, had also suggested
that the UK appoint a mufti to find
similarities among the followers
of various sects in the UK to enable moderation programmes be
implemented among the masses.
They also exchanged views on
issues of common interest, includ-

ing terrorism and measures to address the problems that include a


deradicalisation programme used
by Malaysia.
Ahmad Zahid said his UK counterpart had also suggested that
Malaysia host the Global Child
Abuse Convention.
Hence, he said he will ask Women, Family and Community Development Minister Datuk Rohani
Abdul Karim to prepare a proposal
to be approved by the prime minister and the cabinet.
The deputy prime minister also
held meetings with UK members
of parliament both from the
House of Lords and House of Commons where they discussed
steps that will be taken by the UK
government when they are outside
the European Union. Bernama

PUTRAJAYA: The Court of Appeal


here has dismissed Shah Alam
member of parliament Khalid
Abdul Samads appeal to obtain
leave to initiate a judicial review to
challenge the constitutionality of
a provision of the Administration
of the Religion of Islam (State of
Selangor) Enactment 2003.
Justice Datuk Vernon Ong Lam
Kiat, who chaired a three-member panel, said the court agreed
with senior federal counsel Suzana
Atans submission that the matter
should be pursued straight to the
Federal Court and it should not be
filed by way of a judicial review in
the High Court.
He dismissed Khalids appeal
with no order on costs.
Khalid was charged at the Klang
Syariah Subordinate Court with
teaching without valid credentials
at Surau Taman Semanta, Klang, on
Aug 16, 2011, under Section 119 of
the enactment.
The Syariah Court had ordered
Khalid to enter his defence after the
court ruled that the prosecution
had established a prima facie case
against him. Bernama

H O M E 13

THU R S DAY N OV E MB E R 1 0 , 20 16 T HE ED G E FINA NCIA L DA ILY

Telecom, multimedia firms


must provide product CIS

Median wage
not stagnant

It is a summary of terms, conditions that consumers can easily read, says CFM director
JOHOR BARU: The Consumer Forum of Malaysia (CFM) will require
telecommunications and multimedia companies to provide a critical
information summary (CIS) for any
goods or services they offer so that
consumers can understand the
terms and conditions that apply
before making a purchase.
CFM director Ahmad Izham
Khairuddin said the CIS is a summarised version of the terms and conditions that consumers normally sign

without studying the contents in detail when buying products, thus ending up paying extra hidden charges.
The CIS will be a one-page summarised version that consumers
can easily read unlike the normal
terms and conditions that are written in minute letters that consumers can hardly read.
In the CIS, the details will be
clearly spelt out for the consumers to read and understand before
signing or buying any products,

he told reporters at a knowledge


sharing session held at the New
York Hotel here yesterday.
Ahmad Izham said every CIS
document must clearly spell out
the type of services or products offered, the duration of the contract,
exemptions (if any) and important
terms and conditions, especially
penalties or fines imposed.
The CIS is an important document that sets out a range of essential
information about every product or

service on offer from each service


provider and provides clear information about products, plans and
services to enable users to easily
compare what is being offered for
both postpaid and pre-paid services.
Each CIS document must set out
key information about the service being offered, including clear description of the service, the minimum
term for the contract, any exclusions
or important conditions, limitations
or restrictions. Bernama

Ean Yong: No policy on drinking in public in Selangor


SHAH ALAM: Selangor has not
gazetted any policy prescribing
action against persons drinking
in public places, said Selangor
local government, new village
development and legalisation of
illegal factories committee chair-

man Ean Yong Hian Wah.


However, he said, the local authorities and the police could take
action if an intoxicated person becomes a nuisance to others.
The local authorities can take
action against drunks who disrupt

the peace in their areas and the police too can take action on reports
lodged against drunk and disorderly people, he told the state legislative assembly yesterday.
Ean Yong (DAP-Seri Kembangan) said this in reply to Datuk Ros-

ni Sohar (BN-Hulu Bernam) who


had asked if Selangor had gazetted a public drinking policy which
prohibits the open consumption
of alcohol in public areas and the
action that could be taken against
offenders. Bernama

KUALA LUMPUR: The human resources ministry, via the National


Wage Consultative Council, reviews the Minimum Wage Order
every two years to ensure that the
minimum wage policy is in line
with the countrys economy.
Its minister, Datuk Seri Richard
Riot Jaem, said there is no issue
of the median wage of Malaysians
being stagnant if the inflation
rate is taken into account.
Statistics issued by the statistics department show that the
median wage and salary of workers in Malaysia rose by 6.5% last
year to RM1,600 compared with
RM1,500 in 2014.
The average monthly wage
and salary of Malaysians rose by
5.3% to RM2,312 in 2015 compared with RM2,193 in 2014, he
said when replying to Datuk Ahmad Hamzah (BN-Jasin) at the
Dewan Rakyat here yesterday.
Ahmad asked about the governments efforts to boost the
wages of workers as the median
wage of workers was reported to
be stagnant and had actually
dropped when considering the
hike in the inflation rate.
Riot said the inflation rate under the Consumer Price Index
also declined by 1.6% this year
compared with 2.1% last year.
Bernama

2017
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14 C O M M E N T

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE FI N AN C I AL DAI LY

The US is unexceptional
Trumps victory is a powerful blow to the misplaced arrogance of the US elite
Donald Trump

BY L EO NI D B ERSHI DSKY

Born in New York June 14, 1946

o need for tears and


hand-wringing, US
friends. What happened on Tuesday
was not a collapse
of your democracy
just a powerful blow to American
exceptionalism and the misplaced
arrogance of the US elite.
Donald Trump won by using a
mix that has been effective in Eastern
Europe since the turn of the century:
a combination of strong nationalism
and an anti-corruption agenda.
Many will say Trumps victory was
fuelled by racism and xenophobia. It
is more complicated than that.
The pro-Trump Orlando crowd
was not an all-white, all-male audience. The day before, when Orlando government relations consultant
Bertica Cabrera Morris, a Trump surrogate, told me the Republicans had
not really botched Hispanic outreach
and would deliver plenty of votes to
their candidate, it was all I could do
not to show disbelief. Yet she was
right: Spanish was heard in that hotel ballroom. Women, too, were well
represented. Clearly, enough Latinos
and enough women did not believe
Trumps words about them had been
particularly offensive.
This is just anecdotal evidence,
of course, and so is the fact that, in
my travels around the US this year,
I met far more people who were enthusiastic about Trump than about
Clinton. But then, do we have anything but anecdotal evidence to go
on anymore?
Clearly, most pollsters and pundits were so wrong that everything
they said all year should have been
disregarded. I am sorry I did not have
the courage to do so, unlike some
people I met for example, Las Vegas lawyer Robert Barnes, who has,
since the primaries, consistently predicted a Trump victory and who has
now made hundreds of thousands of
dollars for himself and the clients he
advised to place bets on Trump with
European bookmakers. The signs he
and other gamblers saw many of
them rather unscientific turned

Business studies 1964-68


Takes over his fathers real estate company. He will become 1971
a billionaire, building towers, hotels, casinos and golf courses

First of three marriages 1977


Birth of Donald John Trump Jr., the first of his 5 children 1978
Builds the Trump Tower in New York 1983
Democrat until 1987
Joins Republican Party 1987-99
Joins Reform Party 1999-2001

Age

70

Rejoins the Democrats 2001-09


Hosts the TV reality show "The Apprentice" 2004-15
Returns to the Republicans 2012
Candidate to become the Republicans presidential nominee June 2015
Wins the Republican nomination May 2016
Beats Hillary Clinton to win
Nov 8, 2016
the US presidential election

out to be more valid than the arrogant


opinions and authoritative-looking
calculations of pollsters, academics, political operatives and veteran
commentators.
I should have listened to Barnes,
and to dozens of ordinary Americans who explained to me why they
preferred Trump over Clinton. Only
a small number of them indicated
they were xenophobic. Most were
unhappy about their economic situation, particularly rising Obamacare
premiums and the precariousness of
their incomes, and every one of them
considered Clinton corrupt. As one
Trump supporter in Orlando put it
on Tuesday night, I would rather
have the mafia run the US government than Hillary Clinton: They are
less crooked.
That should have told me something important or, rather, confirmed something I should have
known from another part of the world.
Trump probably won because,
by the end of his campaign, he was
not just a nationalist populist, like
the kind that has recently achieved
increasing success in Europe, without, however, winning commanding
heights. He was also an anti-corruption crusader. He was smart to pick up
on the opportunity given to him by
WikiLeaks, which tweeted on Tuesday

night, The American people dont


like corruption.
Anti-corruption parties saw major electoral success in Central and
Eastern Europe, joining or leading
governing coalitions in a number of
countries Poland, Slovakia, Estonia, Latvia, Slovakia and Bulgaria
in the 2000s. Far from all of them,
however, survived their second, not
to mention their third election. The
most successful of them Polands
Law and Justice (PiS) runs the
country today because it has artfully
combined an anti-corruption agenda
with nationalist populism.
This combination has tempted
many post-Soviet politicians, too.
Former Georgian president Mikheil Saakashvili honed it after his
countrys 2003 Rose Revolution,
and then, when he was swept out of
power after significantly changing
his country, he brought it with him
to Ukraine. This week, he resigned
as governor of Ukraines Odessa region to build a strong party and fight
for an early parliamentary election.
He announced his resignation in a
Trump-like self-pitying, vindictive
speech. He blamed corruption in
President Petro Poroshenkos administration and cabinet for his failure to reform customs and public
services in the region. He said the

%,1, ",4)0(6 

president personally supported corrupt criminal clans in Odessa, and


he vowed to begin a new stage of
the struggle.
I am the soldier who forges ahead
while he can and then as long as he
must, Saakashvili said. As long as
he must until a total victory, until
Ukraine is purged of this filth, of this
corrupt dirt.
See related story on Page 16 & 18
As I watched the speech, I half
expected the audience to start chanting Drain the swamp, as crowds
have done at recent Trump rallies.
Ukrainians may yet learn the chant
as Saakashvilis campaign progresses.
It is highly ironic if it was Russia
that provided Trump with his WikiLeaks ammunition. There, an anti-corruption, nationalist populist, Alexei
Navalny, is probably the strongest
figure in the beleaguered opposition
to Vladimir Putins regime. Putin, who
is not a nativist and whose close circle
is notoriously corrupt, is the sworn
enemy of nationalist anti-corruption
movements in Russias immediate
vicinity, and he is their number one
target. PiS in Poland is strongly anti-Putin, too.
By winning a presidential election
with a distinctly Eastern European

recipe, Trump has shown that there


is not that much difference between,
say, Americans and Poles or Americans and Georgians. It is as easy to
appeal to their national pride, tying
it in with their economic discomfort,
and their understanding of official
corruption is quite similar.
In August, Navalny published a
post comparing Clintons increasingly expensive residences with the far
grander palaces of Russian officials.
He made an important point, but to
the anti-corruption voter in Eastern
Europe, schooled by more than a
decade of politics as investigation
followed by invective, Clinton still
looks corrupt. Her exorbitant speaking fees would have been decried
in Ukraine or Georgia as a form of
graft. The Clintons failure to draw
clear lines between their charitable
foundation and their private business which looks suspiciously like
influence peddling would have
tarnished their reputations in these
countries, probably to a greater extent
than they did in the US.
It did not matter if Clinton was
really corrupt, or if she was as corrupt as post-Soviet politicians: It is all
about the optics. If they were public
servants all their lives, why are they
so rich? that question would have
been a powerful weapon against them
in the young democracies. In Ukraine,
where a nationalist, anti-corruption
revolution ousted the previous president in 2014, it is being asked right
now in the wake of a property declaration campaign that revealed local
officials have stashed away hundreds
of millions of dollars in cash.
The US is never compared to the
young democracies of Central and
Eastern Europe because the same
arrogant US elite that failed so miserably this year has been so proud of
the US political tradition. As the tradition collapsed, some members of the
pundit class have had to admit they
did not really understand the country. America, we hardly knew ye,
economist Paul Krugman tweeted.
Certainly, I misjudged the country.
It is time to give up the hubris. The
US is a country like many others in
most important respects. Everything
that can happen elsewhere can happen here. Trump has just happened.
Bloomberg

Politics redefines essence of developed markets


BY PET E R THA L L A RSEN

POLITICS in 2016 is forcing investors to rethink old divisions between developed and emerging
markets. Money managers used to
assume that rich economies were
more stable than poorer ones. A
turbulent US presidential election
and Britains vote to leave the EU
have challenged that belief. Greater
political volatility will lead to bigger
swings in once-safe assets.
Until recently the consensus was

that while emerging markets tended


to grow more quickly, developed
countries were more predictable.
Solid institutions provided continuity. So while ballots attracted a
lot of attention, their results were
relatively unimportant for financial markets.
The past year has shattered
that complacent view. The Brexit
referendum gave voters a binary
choice over the existential question of Britains relationship with
the EU. Across the Atlantic, Donald

Trumps presidential win has raised


questions about Americas future
commitment to free trade, international security, and openness
to immigration. Support for these
ideas is no longer unequivocal.
The result is that investors have
to pay closer attention to political
contests in developed economies.
Just look at movements in the S&P
500 Index, which fell 2% in the days
after the Federal Bureau of Investigation (FBI) reopened its probe into
Clintons emails reviving Trumps

hopes. The equity benchmark rebounded on Nov 7 after the FBI


concluded there was no case, and
so did the US dollar. Such swings are
more typical of developing countries, where the appointment of a
finance minister can be pivotal for
investor confidence.
Short-term gyrations should not
be overstated: investors are not exactly fleeing dollar-denominated
assets. And the VIX index, a gauge
of how much investors expect US
stocks to fluctuate, is still lower than

it was last summer, when investors


were fretting about a possible hard
landing in China.
Nevertheless, political volatility
in the West is unlikely to disappear,
regardless of the outcome of the US
election. In the next 12 months Italy, France and Germany will hold
important votes. Investors used to
seek out the relative safety of developed markets in times of turbulence. These days, it is harder to
tell the difference between what is
a haven and what is not. Reuters

16 FO CU S

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE FI N AN C I AL DAI LY

Trump beats Clinton


in stunning upset
Republican victory included states normally won by Democrats
previously served as US senator, secretary of
state and was first lady when her husband,
Bill Clinton, was president.

BY JO H N MCCORMI C K & MAR K NIQUETTE

onald Trump was elected the


45th president of the US in a
stunning repudiation of the
political establishment that
jolted financial markets, and
likely will reorder the nations
priorities and fundamentally alter US relationship with the world.
The real-estate developer and reality-TV
star, a Republican who has never held public
office, defeated Democrat Hillary Clinton
after a punishing campaign that exposed
searing divides in the American public.
Trump, 70, will have a Republican-controlled
Congress to enact his agenda and the ability to appoint Supreme Court justices in the
coming years.
With strong support from white, working-class voters, Trump was pushed over
the 270 Electoral College votes needed by
Wisconsin to become president-elect. When
sworn in on Jan 20, Trump will preside over a
government hes called corrupt and unworthy of trust. Its time for America to bind the
wounds of division, Trump said as he addressed cheering supporters in Manhattan.
I pledge to every citizen of our land that I
will be president for all Americans.
Trump also addressed Clinton supporters, saying he was reaching out to you for
your guidance and your help so we can work
together to unify our great country.
Concession call
Trump said Clinton called him early yesterday morning to concede, and he thanked
her for her long history of public service.
Her campaign chairman John Podesta told
supporters gathered at the Javits Center in
Manhattan early yesterday that she wouldnt
be addressing them until later in the day.
A campaign aide said shed speak in the
morning.
In financial markets, panicked traders
rushed to unwind bets they piled into over
the last two days amid polls suggesting Clinton would sweep to victory. Futures on the
S&P 500 Index plunged by 5%, triggering
trading limits. Mexicos peso which has
weakened as Trumps prospects improved
sank by the most since 2008 on concern a
Trump win would lead to more protectionist
US trade policies.
Congressional control
Republicans also maintained their control of
the Senate as they scored wins in a handful
of tight races among the 34 being contested. In the House, all 435 seats were on the
ballot across the country and Republicans
were forecast to hold their majority, though
with a slimmer margin.
Trump tallied up victory after victory in
Republican strongholds and crucial swing
states including Florida, North Carolina,
Iowa and Ohio. By yesterday morning he
had breached Clintons electoral firewall
in the Rust-Belt by winning Pennsylvania,
a state that had been in the Democratic column since 1992. Wisconsin, the state that
put him over the top, had not voted for the
Republican presidential candidate since
Ronald Reagans landslide in 1984.
Trump won 63% of white men and 53%
of white women, while Clinton won 74% of

Question of trust
Her resume could not outrun her reputation
among many voters as not trustworthy, fears
that were stirred up again by a late flurry of
Federal Bureau of Investigation (FBI) attention
just 11 days before the election on her
prior use of a private email server when she
was secretary of state. Cleared of any crime
for a second time, Clinton was nonetheless
hobbled. Trumps win also served as a rebuke
to Obama, who campaigned on Clintons
behalf by saying his legacy was on the line.
For Trump, running the federal government
could prove even more difficult following a
campaign defined more by what he opposed
than what he proposed.

Results at press time

non-white voters, according to exit polls published by CNN. Trump also carried a third
of all Latino men and 26% of Latina women.
The billionaire also won 51% of voters with
a high school education or less and 43% of
those with a college degree. Clinton carried
52% of voters earning less than US$50,000
(RM211,000) a year, but lost to Trump among
those in other income groups.
Initially dismissed as little more than an
entertainer promoting his brand, Trump
overcame a deficit in polls and public approval, deep ambivalence within the Republican party and a campaign marred by
controversies and stumbles that would have
knocked any other candidate in any other
year out of the race.
Savvy showman
With a knack for making himself the centre of the conversation for good and for
ill the savvy showman in Trump pressed
forward with a message that he could make
America great again. That found resonance
in a portion of the electorate anxious and angry about economic, cultural and social upheaval. His rhetoric on immigrants, Muslims
and minority groups also energised fringe
groups outside the political mainstream.
That he sometimes contradicted himself
on positions, and that many of his statements were declared false by independent
fact-checkers, didnt seem to shake his core
supporters. This infuriated Democrats who
looked on spluttering and aghast as a man
they considered little more than a bigoted
charlatan always seemed to emerge unscathed.
Understanding marketplace
Trump, a master marketer, apparently understood the political marketplace better
than any pundit or pollster. Trumps deputy

BLOOMBERG

campaign manager David Bossie laid out


Trumps path to victory during a conference
call with reporters on Nov 1: win Florida,
Iowa, North Carolina and Ohio, then carry
one of the other states where he was competing hard including Pennsylvania and
Wisconsin. Trump did it.
Trumps appeal was strong in blue-collar
areas such as the Michigan county of Macomb, home to automotive plants and parts
suppliers and mostly white union-member
voters. They were the inspiration for the label Reagan Democrats who backed Reagan in the 1980s. Trump beat Clinton there,
53.6% to 42.1%.
Ohio win
Trump carried all but seven of Ohios 88
counties, including Democratic strongholds
of Trumbull and Lorain counties, places
decimated by the loss of steel and manufacturing jobs. Trump blasted trade deals for
sending jobs out of the country and promised to bring that work back to the state. He
also narrowly won in Pennsylvania, a state
that hadnt voted for a Republican president
since 1988. Democrats proved to be overly
confident that they could overcome Trumps
appeal to rural and blue-collar workers with
overwhelming votes by Democrats in Philadelphia and its surrounding counties especially among suburban women.
Trumps rural strength was also on display in Iowas Delaware County, where he
won 62.1% of the vote. The county has a low
proportion of college-educated residents, an
economy that recovered more slowly from
the recession than the state as a whole and
a population thats almost entirely white.
Eight years after electing the first African-American president, voters passed up
the chance to make history again, and in
doing so, passed over a women who had

Unconventional campaign
Throughout the campaign, Trump departed from many presidential campaign traditions. He declined to travel on the same plane
with a pool of reporters and photographers
and refused to release his federal tax returns,
something nominees from both parties have
done for decades.
The victory by the political novice came
despite faltering performances in three debates with Clinton and an explosive scandal
one month before election day: the release of
a 2005 recording of him bragging about being
able to grope women because of his celebrity
status. That was followed by a dozen women coming forward to say they had been the
victims of his unwanted sexual advances. On
the stump and on Twitter, Trump veered off
his campaign message to lash out at critics.
As recently as the morning of Oct 28, polls
suggested he could be headed for a potential
landslide defeat.
That was before the renewed scrutiny by
the FBI of Clintons email, revealed in a letter
to lawmakers by FBI director James Comey.
That development rattled the stock market
and Democrats in the closing days of the
campaign and reminded voters of Clintons
political mistakes and baggage.
Comey letter
Comey sent another letter on the Sunday before the election announcing that the review
of the additional emails from a Clinton aide
was completed, and he reaffirmed the bureaus
conclusion in July that Clinton shouldnt face
criminal charges. While that removed a cloud
over Clinton before voters went to the polls,
it couldnt reverse the damage already done
to her standing in the race and by the suspicions that existed while millions of voters
were casting early ballots.
The billionaire spent the last week of the
campaign more disciplined at rallies and on
Twitter, reminding himself out loud in one
speech, on Nov 2, to stay on point, Donald.
He also frequently compared the election
to Brexit, the UKs vote on June 23 to leave
the European Union that defied polls and
confounded the political and business establishments.
Margaret Yang, a CMC Markets analyst
who was interviewed before the elections
outcome was known, predicted a Trump
victory would trigger a massive sell-off of
US equities. Many investors will consider it

FO CU S 17

THU R S DAY N OV E MB E R 1 0 , 20 16 T HEED G E FINA NCIA L DA ILY

a classic black swan event, so the reaction


would be more severe than Brexit, Yang said.
That event caused the S&P 500 Index to fall
5.3% in two days, as benchmarks in Europe
and elsewhere lost even more.
Trumps shifting policy positions during
the campaign make his longer-term impact
on particular sectors harder to assess. BlackRock Incs analysis suggests that drugmakers,
insurers and banks would do better under
Trump than Clinton.
When he entered the race on June 16, 2015,
riding down a golden escalator with his wife
at Trump Tower in New York, Trump wasnt
considered a contender. He vowed to build
a wall on the southern US border and said
that Mexicans coming into the country illegally were bringing drugs; theyre bringing
crime; theyre rapists, and some, I assume,
are good people.
Largely written off by political professionals
and experienced analysts, Trump outlasted a
Republican field including senators, governors
and former governors. He painted himself as
the ultimate outsider in a year when Republican voters were hungry for change. Trump
appealed to white, working-class voters with
his staunch anti-immigration stance, fiery
opposition to free-trade deals, and a promise to reopen factories and bring back jobs
from overseas at time voters are economically insecure.
While critics counted the number of times
he lied or said outrageous things, his supporters chanted Build that wall! and Lock her
up! about Clinton at rallies. They praised
his willingness to tell it like it is, and said
his wealth and business background meant

he wasnt beholden to special interests and


could shake up a political system and economy that worked for elites but not for them.
Trump surged in early primaries with
the help of extensive cable television coverage, and he ultimately outlasted the more
experienced candidates with his populist
appeal and by branding opponents as low
energy or liars.
Trump accepted the Republican nomination in July in Cleveland, promising to be
a law-and-order president who would fight
Islamic terrorism and be the last, best hope
to change the status quo.
I have joined the political arena so that
the powerful can no longer beat up on people who cannot defend themselves, he said
then. Nobody knows the system better than
me which is why I alone can fix it.
Clintons main argument during the campaign was that Trump, who had never run for
office before, was unfit and unqualified to be
president and commander-in-chief, with few
policy plans beyond platitudes. She raised
the spectre in the final days of the campaign
of an unhinged Trump launching a nuclear
strike over a petty disagreement.
The Democratic nominee hammered
Trump repeatedly for his treatment of women, minorities and the disabled, his lack of any
relevant experience, and a suspect temperament highlighted by his 3am Twitter postings. She suggested the reason for Trumps
unprecedented refusal to release his tax returns was that he has failed to pay income
levies for years and that his foreign business
interests that could conflict with his role as
president. Bloomberg

Presidentelect Trump
at his election
night rally in
Manhattan, New
York yesterday.
Photo by Reuters

Supporters celebrating as returns came in for Republican US presidential nominee Trump during an election
night rally in Manhattan, New York, yesterday. Photo by Reuters

Anxious world confronts the


reality of Trump as US president
BY E NDA C U RRAN & TI NG S HI

A STUNNED world began to come to grips


with Donald Trump in charge of the worlds
biggest economy and most powerful military,
with US allies voicing concern and far-right
politicians expressing hope that similar changes would sweep across the globe.
From Paris to Beijing, government officials
yesterday mixed fears about a rise in protectionism and reduced security support with
pledges to work with the incoming Trump
administration. Chinas foreign ministry said
the country would seek to maintain sound
and steady relations with its largest trading
partner. Populists and European sceptics
such as Frances Marine Le Pen praised the
outcome, while globalists lamented the prospect of a more inward-looking America.
In a huge electoral upset, the Republican
Trump was poised to become the 45th president of the US. The result jolted global markets as governments, investors and business
leaders sought to understand how Americas
relationship with the world would change.
Reaction among government leaders was a
mix of caution and surprise.
Trumps win raises a lot of questions on
issues ranging from trade to Iran to climate
change, French Foreign Minister Jean-Marc
Ayrault said in an interview on France2 tele-

vision. What he has said has been worrying.


Konstantin Kosachyov, chairman of the
international affairs committee in Federation
Council Russias upper house of parliament
said on Facebook that Trumps America
shouldnt be overestimated. But a window
of opportunity has opened.
Singapore Prime Minister Lee Hsien Loong
said that while many would celebrate the
result, others would be surprised and disappointed. Like the Brexit referendum in
June, Mr Trumps victory is part of a broader
pattern in developed countries reflecting a
deep frustration with the way things are, and a
strong wish to reassert a sense of identity, and
somehow to change the status quo, Lee said.
In Indonesia, President Joko Widodo said
Trumps victory wouldnt derail relations between both countries. Whatever becomes
the choice of the American citizens, we will
appreciate it, he said. Our relationship will
remain good, especially our trade and investment relationship. We know that the US
is among the top five investors in Indonesia.
I expect this wont change.
In a statement, Philippine President Rodrigo
Duterte, who had pivoted to China, congratulated Trump on the win and said he looks forward to an enhanced Philippines-US relation
anchored on mutual respect, mutual benefit
and shared commitment to demo. Bloomberg

Mexicans reel in shock after Trump victory


BY N AC H A C ATTA N & ERI C MARTIN

MEXICANS watched their televisions in horror


as Donald Trump beat Hillary Clinton in the
US election, putting into power a man who
stirred resentment of them and their relatives
in the US and promised to build a wall between
the nations after almost a century of peace.
The world has gone crazy, said Alessandro
Mendoza, watching the results on two giant
screens at a packed gathering of Mexican and
American businessmen at the American Society. As Trumps lead mounted, the 29-year-old
lawyer from Mexico City, who has cousins in
Miami, put his hand to his mouth in surprise.
The country has been gripped for months
by the election campaign, culminating with
a tense night that Foreign Minister Claudia
Ruiz monitored from offices resembling a war
room. Thousands of Mexico Citys residents
had planned to celebrate a Trump defeat at
the Angel of Independence in the city centre,
where soccer fans party after the national team
wins. But as the final results came in, the Paseo
de la Reforma thoroughfare that runs past the
monument was eerily silent.
Americans have disappointed me, said
Jose Enrique Guillen, a 28-year-old sociology

student at the Pinche Gringo bar in the capital. I feel the hatred. Im sad and worried.
From the moment Trump began his campaign by calling undocumented Mexican immigrants rapists, the Republican used Mexico
as a whipping boy to drive home his concerns
about free trade and undocumented workers.
Now, after months of beating Trump pinatas,
burning his effigies and donning wigs to satirise
him in theatres, Mexicans are facing a bleak reality that could damage the nations economy and
throw the lives of millions of migrants into chaos.
The peso slumped more than 11% at one
point to a record low, breaching 20 per US dollar for the first time, the worst major casualty
of a night that roiled gold, currencies, stocks
and financial markets around the world.
This is the most important event in the
US for Mexico since the war of 1846, when
US troops invaded the country, Jose Antonio
Crespo, a political analyst at the Center for Economic Research and Teaching in Mexico City,
said before the result. If Trump is attacking us,
and the economy is being affected, the people
are involved. We became part of the election.
Mexicos involvement in its neighbours
presidential campaign was unprecedented.
Its consulates across the US mounted a cam-

People watching the election coverage in Mexico


yesterday. Photo by Bloomberg

paign to turn legal residents into US citizens,


ostensibly to vote against Trump. At home,
senators appeared on TV to urge Mexicans in
the US to cast their ballots, while presidential
hopeful and former first lady Margarita Zavala
took to Facebook to chastise Trump. A group
called #GringosAVotar called on Americans
living in Mexico to send in their votes.
It was all in vain. At the Pinche Gringo,
young Mexicans and Americans drank beer
underneath red, white and blue balloons, booing each time another state was called for the
Republican, while the DJ played a song with

a chorus similar tos**** Donald Trump. As


Trump won Utah, a frustrated viewer hurled
food at the screen.
Its a result that surprised us all, said Senator Gabriela Cuevas, head of Mexicos Senate
foreign relations committee and a member of
the opposition National Action Party. Its worrisome that a person who seems to take decisions
with little information and with such ignorance
will have a majority in both chambers.
Trumps campaign, like Britains Brexit
vote before it, rode an anti-immigrant wave,
with the Republican blaming foreign workers
in the country and free-trade agreements for
taking American jobs.
Salvador Villegas, 38, a security guard in
Mexico City, worried for the 25 family members he has in the US, many of them undocumented. Life is going to be difficult for them,
he said. I wouldnt think of going back there.
Mexico has been attacked in many ways
during the campaign, said Marcela Guerra,
who heads the nations Senate committee
on North American relations and is part of
the Organization of American States first observation mission to a US election. Speaking
before the election result, she said Mexico has
a lot to lose. Bloomberg

18 W O R L D B U S I N E S S

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE FI N AN C I AL DAI LY

Markets, dollar plunge

IN BRIEF
IMF chief to recommend
US$12b Egypt loan

Trumps taking of White House is an upset with major implications for world economy
BY DA N NY MCCORD

HONG KONG: Share markets


plunged yesterday and the dollar
tumbled against the yen and the
euro as Donald Trump was elected
US president, in a stunning upset
with major implications for the
world economy.
The Mexican peso also fell to
a record low as safe-haven assets
soared, with gold rising more than
5% and German government bonds
rallying. Fears about the impact
on financial markets led Japanese
and South Korean authorities to
call crisis talks.
Initial confidence that market
favourite Hillary Clinton would
win vanished as results showed
the firebrand tycoon picking up
the major scalps needed to take the
White House. After he won a swathe
of states, Clinton called Trump to
concede, handing him the keys to
the White House.
Markets have been plunged into
turmoil as Clinton was considered
by many investors to be a safer bet
than Trump, seen as a loose cannon
with policies many fear could wreck
the worlds No 1 economy. Its been
a bloodbath in the markets over the
last few hours with the Mexican peso
suffering particularly, said Craig Erlam, senior market analyst at Oanda.
Tokyo had collapsed 5.4% by the
end of trade, while Hong Kong fell

US vote early reactions: markets, forex


Asian market takes a dive
Nikkei 225

Dollar drops vs euro


US dollar per euro

17,600

1.1050

18.0

18.5

105

17,200
1.1100

19.0
104

16,800

19.5

1.1150
103

20.0

1.1200

16,400

102

1.1250

10am

11

1pm

Source : Google Finance/Bloomberg

6pm 7

9 10 11 12 1am

Nov. 8
Washington

2.2% and Shanghai sank 0.6%. Sydney gave up almost 2%, Seoul shed
2.3% and Singapore dived 1.8%.
Wellington plunged 3.3% while
Taipei was 3% off. Manila skidded
2.5% and Jakarta 2%.
The Sensex on the Bombay Stock
Exchange was 3% off, having initially plummeted more than 6%
on Trumps performance and news
that high-denomination notes were
being pulled from circulation as
part of a crackdown on tax evasion.
Futures on the S&P 500 and Nasdaq on Wall Street dived more than
5% at one point while those on the

jurisdictions by the end of next year.


Britain, as well as Malta and the Baltic states, however, blocked a push to
include zero or near-zero corporate
tax rates as one of the criteria to land
on the EUs blacklist, diplomats said.
The ministers agreed to delay that
decision for now presumably at
least until after Britain leaves the EU
after its Brexit divorce, expected in
2019.
But it ordered a task force to explore the idea further. What was very
important for some countries was the
near-zero corporate tax rate, which is
important for us too, but maybe as an
indicator, not as an actual criterion,
said Spanish Economy Minister Luis
de Guindos after the talks. AFP

Toasters escape EU appliance crackdown


BRUSSELS: The European Union
(EU) will target more household
appliances under energy consumption rules but will grant a reprieve
to toasters after the plan was ridiculed during the Brexit campaign,
a senior official said on Tuesday.
Kettles, hand dryers, solar panels, lifts, refrigerating containers and
building automation control systems

Mexican peso drops vs dollar


Mexican peso per US dollar
106

$1.1000

Britain waters down tax


haven blacklist push
BRUSSELS: European Union (EU)
finance ministers on Tuesday painfully agreed on the criteria to draw up
a European blacklist of tax havens, but
Britain watered down the proposal,
eager to protect low tax dependencies such as Bermuda and Guernsey.
Europeans have struggled to
agree on the basis of an EU-wide
tax haven blacklist, even after revelations in the Panama Papers and
LuxLeaks scandals shocked the
general public on the strategies
used by rich people and big companies to reduce tax bills.
The European Commission, the
EUs executive arm, has taken the
lead on cracking down on tax havens
and wants to draw up a list of problem

Dollar drops vs yen


Japanese yen per US dollar

are expected to be added at the end of


November to the existing list of products that must meet more stringent
energy-saving standards.
We want to put the products on
the list that have the highest energy
yield, based on scientific evidence,
European Commission Vice President
Frans Timmermans told a conference
in Brussels. AFP

Nov. 9

6pm 7

10 11 12 1am

Nov. 8
Washington

Dow were off 4%. In early European


trade London fell 1.9%, Paris lost
2.8% and Frankfurt dived 2.9%.
The Mexican peso which was
battered by Trumps anti-immigrant
rhetoric earlier in the campaign
hit a record low against the dollar.
The greenback soared to 20.7128
pesos, around its highest-ever point
and about 12% up on earlier levels,
before paring back slightly.
The South Korean won was
down 1.3% while the dollar tumbled
against the yen as investors rushed
into the Japanese unit, which is
considered a safe bet in times of

Nov. 9

20.5

6pm 7

9 10 11 12 1am

Nov. 8
Washington

Nov. 9

uncertainty. The greenback sank to


101.30 from above 105 on Tuesday before edging back up to 103.
The euro also rose 2.1% against
the dollar, while gold soared 5.4% at
one point its biggest rally since
Britains June vote to leave the European Union.
High-yielding currencies in the
Asia-Pacific were battered against
the dollar, with Australias dollar
0.9% off, Indonesias rupiah down
0.8% and the Malaysian ringgit 0.4%
lower. Oil prices plunged, with both
main contracts more than 2% down.
AFP

Trump and his China wall will only


harm American rms
BY TI M C U LPAN

TAIPEI: For all his rhetoric about


building a wall along the Mexican border, Donald J Trump
may build an even bigger barrier against China. During his
campaign, Trump labelled China a currency manipulator and
accused it of stealing American
jobs. If the president-elect lives
up to his vague promises, he
would alienate the largest export
market for some of the countrys
most important companies.
Already China has been looking for excuses to reduce its expenditure on US goods. A 2015
antitrust case brought against
Qualcomm Inc ended in a Pyrrhic
victory for the San Diego-based
chipmaker, but the message to
Western corporations was clear:
You operate in China under our
terms. With half its revenue coming from the Middle Kingdom,
being able to keep selling there
with reduced royalties was far
better than the alternative.
With global smartphone sales
slowing, and its own revenue
shrinking, Apple Inc also needs to
stay in Chinas good books. Having the president of its home nation hurling abuse at China from

10,000km away wont enamour


Beijing or its citizens.
If Trump then follows through
on his promises to use whatever
means necessary to push back
against China and drag manufacturing jobs home to the US, the
fight could quickly turn from rhetoric to action. China has all manner of tools at its disposal to stop
Qualcomm chips, Apple iPhones
or Boeing Co jets from being imported, from standards licensing
to yanking government support
for mobile operators and outright
bans on specific products or firms.
Such bans would not only hurt
America, but bolster Chinese
President Xi Jinpings campaign
to make the country technology-independent. With unlimited
funds at its disposal, the Chinese government hasnt been
shy about its willingness to spend
whatever it takes to develop semiconductor, networking, aerospace and other technologies.
The US may be the worlds largest economy, yet it is China that is
a larger contributor to economic
growth. And in terms of job creation and economic stability, growth
matters more. If Trump builds a
wall around China, you can be sure
the US will pay for it. Bloomberg

WASHINGTON: International Monetary Fund (IMF) chief


Christine Lagarde said on Tuesday she will recommend the
institution approve a US$12
billion (RM50.64 billion) loan
for Egypt when the board meets
tomorrow to support the countrys ambitious reform programme. Lagarde praised the
countrys economic reforms,
including floating the Egyptian pound last week, and said
the loan is needed to help restore stability and growth to the
economy. The IMF had made
floating the pound which
resulted in a steep devaluation
and sharp price rises a condition of the loan. Egyptians are
looking at a period of hardship
as the government unrolls austerity measures ahead of the
IMF programme. AFP

Burberry 1H prot drops


on weakness in Asia
ZURICH: Burberry Group plc
reported a drop in first-half (IH)
profit that met analysts estimates as the UK luxury-goods
maker suffered from weakness
in Asia. Adjusted pre-tax profit
fell 4% to 146 million (RM768.7
million) in the six months
through September, the London-based company said in a
statement yesterday. Analysts
expected 145.3 million. The
drop was 24% excluding currency shifts. Burberry said it is on
track to meet its financial goals
for the year. The British trenchcoat maker is still grappling with
ebbing demand in key luxury
hubs like Hong Kong. The industry has been weighed down
by years of weakening demand
in China. Bloomberg

South Korea will act to


stabilise stock market
SEOUL: South Korea will take
measures to stabilise any excessive volatility in the nations stock market, head of
the countrys financial regulator said yesterday, following Donald Trumps win in
the US presidential election.
Yim Jong-yong, chairman of
the Financial Services Commission (FSC), was quoted as
saying in a statement that the
FSC will also closely monitor
domestic economic risks such
as household debt and the ongoing corporate restructuring
efforts. Reuters

Mexicos nance chief to


address US poll eect
MEXICO CITY: Mexican Finance Minister Jose Antonio Meade and central bank
chief Agustin Carstens were to
address the media early yesterday to outline actions after
the peso tumbled during the
shock US presidential election.
The finance ministry issued a
brief statement saying the pair
would speak at 1200 GMT. A
government official speaking
on condition of anonymity told
AFP that they would discuss
actions in response to the
US election. AFP

W O R L D B U S I N E S S 19

THU R S DAY N OV E MB E R 1 0 , 20 16 T HE ED G E FINA NCIA L DA ILY

US auto market has peaked,


say Japan carmakers
Toyota pares sales forecast while Nissan doesnt see room for further expansion
BY CRAIG TRUDELL
& M ASAT S U G U HORI E

TOKYO/OSAKA: Japans two largest


carmakers have arrived at the same
conclusion: The US auto market
thats functioned as a growth engine has run out of gas.
Toyota Motor Corp cut its forecast
for North American sales this fiscal
year by 60,000 vehicles and for the
first time said its expecting a decline
for the year, as American consumers shift away from fuel sippers like
the Prius hybrid toward trucks and

Tesla buys German


automation
rm to drive up
production

sport utility vehicles. Nissan Motor


Co, which posted a drop in profit as
it gave heftier incentives that buoyed
deliveries, said its not seeing room
for further expansion.
The market turned out to be
somewhat weaker, Takahiko Ijichi,
a Toyota executive vice president,
told reporters on Tuesday after the
carmaker reported a 43% plunge
in quarterly operating profit. The
North American market really requires very careful managing going
forward, he said.
This is significant not only for

Toyota and Nissan but for Japans


economy. For the nations automakers, North America remains
the biggest export destination, with
more than 1.3 million passenger
cars shipped during the first nine
months of the year. That was double
the number of vehicles exported to
Europe and four times the number
sent to the rest of Asia, including
China, which has seen a tax cut-induced buying spurt.
The peak also has arrived at an inopportune time because the stronger yen continues to drag on earnings.

While Toyota City, Japan-based Toyota raised its profit forecast for the
fiscal year after the yen rallied less
than expected, its still projecting
operating profit to slump by 40%
to 1.7 trillion (RM68.78 billion) for
the year ending in March.
Nissan, meanwhile, said operating profit fell 19% last quarter,
driven primarily by the impact of
a stronger yen. For the year ending
in March, operating income probably will drop by 10% to 710 billion,
according to the Yokohama, Japan-based company. Bloomberg

Nissan-Renault seeks China launch


of cheap electric car in two years
BY JITENDRA JOSHI

PARIS: US electric car maker Tesla


on Tuesday said it would buy German engineering firm Grohmann
to help ramp up production at its
heavily automated factories.
Several critical elements of Teslas
automated manufacturing systems
will be designed and produced in
Pruem in western Germany, the California-based firm said in a statement.
Tesla, founded by tech billionaire Elon Musk, aims to produce
500,000 cars per year by 2018 after
taking some 370,000 pre-orders for its
mass-market Model 3, which will sell
for around US$35,000 (RM147,700).
This year, the firm hopes to build
between 80,000 and 90,000 units of its
luxury Model S and Model X vehicles,
50,000 of them in the second half.
The key to making electric cars
affordable are economies of scale
and automation in order to have the
costs be something that people can
afford to buy, Musk told reporters
in a conference call.
Tesla said it expected to close
the deal, which still needs to be approved by regulators, by early 2017.
It added that it hopes to create
over 1,000 advanced engineering and skilled technician jobs in
Germany over the next two years.
Germany has a tremendous
amount of talent in automation, we
thought that it was important for
Tesla to become in part a German
company, Musk added.
Asked about the firms expansion
plans, Musk said Tesla was considering
setting up several factories in Europe.
Tesla currently manufactures its
vehicles at a plant in California, and
it has built a so-called gigafactory in Nevada to make the special
batteries needed for its cars.
Theres no question that longterm Tesla will have at least one
and maybe two or three vehicle
and gigafactory locations in Europe, Musk said. AFP

LISBON: The Nissan-Renault Alliance aims to offer Chinese drivers a new electric car costing just
US$8,000 (RM33,760) within two
years, chief executive Carlos Ghosn
said on Tuesday as he touted an
explosion in demand amid efforts
to offset climate change.
The electric auto market as a whole
is stepping up a gear thanks to cheaper batteries, government incentives
to consumers and better infrastructure for charging vehicles on the go,
he said at the Web Summit in Lisbon.
For me, it is a no-brainer: Electric cars are going to be a much bigger part of our industry in the future,
Ghosn told AFP in an interview.
Nissan was a groundbreaker in
mass-marketing electric vehicles
from 2008 and counts the popular
Leaf in its fleet.
But that higher-priced model
does not compete against cheaper
offerings from rival manufacturers
such as BYD, Zhidou and SAIC in
China, which is now the worlds
biggest auto market and also one
of its worst polluters.
There is an explosion of demand for the small, cheap electric
cars in China. Were going to compete because we want to continue to maintain our leadership in

GoPro recalls new


Karma drone
SAN FRANCISCO: GoPro on
Tuesday announced the recall
of all Karma drones sold since
sales launched last month, citing instances of power cuts during flights as the reason. Safety is our top priority, GoPro
founder and chief executive
Nicholas Woodman said in a
release announcing the recall.
GoPro shares plunged more
than 9% to US$9.88 (RM41.69)
in after-market trades following
the announcement. The company paid out refunds, saying it
is coordinating the recall with
the US Consumer Product Safety Commission and the Federal
Aviation Administration. There
have been no reports of injuries
or property damage from the
power loss, GoPro said. AFP

Swiss Lifes rearms


full-year targets
ZURICH: Swiss Life reaffirmed
its financial targets for this year
yesterday despite reporting an
8.4% fall in premiums in the first
nine months to 13.355 billion
Swiss francs (RM58.65 billion),
as the performance of its asset management business improved. Fee and commission income jumped 5% to 974 million
francs, while direct investment
income remained steady at 3.3
billion francs. We saw further
growth in our fee business, an
area of strategic importance for
us, and managed to keep direct
investment income at the previous years level despite persistently tough market conditions,
chief executive Patrick Frost said
in a statement. Reuters

Fullerton CEO leaves


Temasek-backed rm

A Nissan Leaf electric car being displayed at the North American International Auto
Show in Detroit. Ghosn says the electric auto market is stepping up a gear thanks to
cheaper batteries, government incentives to consumers and better infrastructure for
charging vehicles on the go. Photo by Reuters

electric cars, Ghosn said.


Ghosn did not offer details of the
new Nissan-Renault model the
Japanese-French company works
with joint venture partner Dongfeng
in China but said the price point
and time frame were set.
He said it would be a localised
product made with Chinese engineering.
Beijing is seeking to develop its
nascent electric car industry with
incentives and other government

support in a bid to boost the countrys environmental credentials and


tackle crippling air pollution.
Some 247,000 zero-emission
cars were sold in China last year,
quadruple the number in 2014, according to the China Association of
Automobile Manufacturers.
Future emission regulations will
play a very important role in the
speed at which electric cars are going to develop, the auto executive
said. AFP

China producer prices rise for second straight month


BEIJING: Price for goods at the
factory gate rose in China for the
second straight month in October, officials said yesterday, in a
sign of strengthening demand
in the worlds second-largest
economy.
The producer price index (PPI)
rose 1.2% year-on-year (y-o-y) in
the month, according to the National Bureau of Statistics (NBS),

IN BRIEF

adding it rebounded obviously.


In September, the index ended
more than four years of falls, rising
0.1% y-o-y and offering some relief
to long-standing concerns about
deflation.
Chinese firms have for years
been battered by falling prices for
their goods in the face of chronic
overcapacity and weak demand,
putting a damper on growth in a

key driver of the world economy.


The consumer price index, a key
gauge of retail inflation, matched
expectations with an increase of
2.1% on the back of rising food,
housing, and health care costs, data
showed.
The introduction of policies designed to control housing prices
and loose credit should start to
rein in consumer inflation. AFP

LONDON/SINGAPORE: Fullerton Fund Management Co,


the Singapore-based asset
manager backed by Temasek
Holdings Pte, said chief executive officer Manraj Sekhon
has left the firm. Fullerton
chairman Ho Tian Yee will
assume Sekhons responsibilities in the interim, according
to the statement. Fullerton,
set up in 2003, had assets under management of US$11.8
billion (RM49.79 billion) at
the end of September. The
firm, which is 100%-owned
by Singapore state investment firm Temasek, focuses
on Asian and emerging markets, according to its website.
Bloomberg

Thailand holds key rate


amid market turmoil
BANGKOK: Thailand held its
key interest rate for a 12th meeting, the longest streak on record,
opting to preserve its firepower
as growth risks mount following the death of King Bhumibol
Adulyadej and market turmoil
heightened in the aftermath of
the US elections. The Bank of
Thailand kept its one-day bond
repurchase rate at 1.5%, with
monetary policy committee
members voting unanimously in favour, it said in Bangkok
yesterday. Bloomberg

20 W O R L D B U S I N E S S

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE FI N AN C I AL DAI LY

Indias shock larger


note withdrawal
sparks chaos
Its people struggle to pay for basic goods like food, fuel
BY SA N KA L P PHA RT I YA L
& N E H A DA SGU PTA

MUMBAI/NEW DELHI: Indians


struggled to pay for basic goods like
food and fuel yesterday, and wondered how to get hold of their cash,
after India suddenly withdrew 500
and 1,000 rupee notes from circulation in a bid to flush out money
hidden from the taxman.
The shock measure also sent
shudders through the investment
community on a day when markets
were also reeling at the after-effects
of Republican candidate Donald
Trump winning the US election.
Indias National Stock Exchange
share index slumped as much as
6.3% in early trade before recovering
some of the losses by around noon.
The currency move, announced
late on Tuesday night by Prime
Minister Narendra Modi, aims
to bring billions of dollars worth
of unaccounted wealth into the
mainstream economy and curb
corruption.
It was also designed to stop anti-India militants suspected of using fake 500 rupee notes to fund
operations.
From midnight, the larger banknotes ceased to be legal tender for
transactions other than exchanging
them at banks for smaller notes.
Retailers refused to accept
the bills, worth around US$7.50
(RM31.65) and US$15 respectively, and people were unable to access ATMs after banks closed them
down.

Airbus A320neo
customers gird for
delays due to Pratt issues
BY AN UR AG KOTO K Y
& BENJAMIN KATZ

NEW DELHI/LONDON: Buyers


of Airbus Group SEs troubled
re-engined A320 narrow-body
jet are preparing for delays to the
aircraft extending into next year
as they scale back fleet plans and
seek compensation.
IndiGo, Indias biggest airline,
will operate fewer of the A320neo
jets in the current financial year
than previously estimated, while
AerCap Holdings NV, which has
more than 220 on order, said it
expects the delays to continue
into 2017. US-based Air Lease
Corp said last week its discussing
financial remedies with the European plane-maker, with as many
as eight deliveries now expected
to be delayed next year.
Output of the A320neo is being disrupted by manufacturing
delays at Pratt & Whitney, a unit
of United Technologies Corp that
builds the planes geared turbofan engine. Pratt in September

cut this years delivery target to


150 engines from 200, saying it
couldnt produce certain parts
fast enough.
Theres a lot of uncertainty
around the exact timetable for
deliveries at the moment, particularly those that are powered
by the geared turbofan, AerCap
chief executive officer Aengus Kelly said in a telephone interview.
He said he expects more clarity
before the end of the year.
AerCap, the worlds largest independent lessor, has received
only two of the 16 A320neos slated
for the fourth quarter and said it
doesnt know how many of the
deliveries would slide into 2017.
We are working closely with
our customer to resolve the issue and minimise any impact on
their operations, Pratt said in an
emailed statement. The company
has said the engine is achieving
99.9% dispatch reliability while
meeting promised performance
on fuel burn and emission reduction. Bloomberg

Airbus said to name Rao deputy to


Leahy, anointing heir apparent
BY AN D R E A ROT H MA N

A customer waiting to deposit 1,000 rupee banknotes in a cash deposit machine at


a bank in Mumbai, India, on Tuesday. New bills, of 500 and 2,000 rupees, will be
introduced today. Photo by Reuters.

To be effective, the move had to


be unexpected, analysts said, but
it was also fraught with problems
for an economy largely fuelled by
cash, especially for Indias poorest
citizens, many of whom work in the
large rural economy.
Indias black economy, a term

widely used to describe transactions that take place outside formal


channels, amounted to around 20%
of gross domestic product, according to investment firm Ambit.
New bills, of 500 and 2,000 rupees, will be introduced today.
Reuters

TOULOUSE: Airbus Group SE


named Kiran Rao as deputy to
John Leahy, positioning him as
the most likely successor to the
European plane-makers longtime sales chief, sources said.
The elevation of Rao, Airbus
52-year-old executive vice president for strategy and future programmes, has been disclosed to
top management, said the people,
who asked not to be identified. A
public announcement will come
within the next month, they said.
Airbus spokesman Stefan
Schaffrath declined to comment.

5.98

128.98

The appointment comes less than


a month after Boeing announced
that Ihssane Mounir would replace John Wojick as its head of
sales early next year. Leahy, 66, has
outlasted more than a half-dozen
Boeing counterparts since being
named Airbus chief commercial
officer in 1994. Leahy has won
commitments valued at more than
US$1 trillion (RM4.22 trillion).
Airbus announced a plan in
September to combine all divisions into a single company, as
chief executive officer Tom Enders
seeks to cut costs, streamline operations and reduce bureaucracy.
Bloomberg

W O L R D 21

THU R S DAY N OV E MB E R 1 0 , 20 16 T HE ED G E FINA NCIA L DA ILY

S Korea presidents crisis remedy rejected


SEOUL: South Korean opposition
parties yesterday rejected President Park Geun-Hyes offer to share
power to overcome a crippling crisis, calling in effect for a caretaker
government.
In a major climbdown forced
by a crippling corruption scandal, Park had agreed to dump her
nominee for prime minister, and
accept one chosen by the opposition-controlled parliament.
But opposition parties said
Parks offer was too ambiguous,

Mexican drug
lord appeals US
extradition
BY J E N N I F ER GON ZA L EZ
COVARRUBIAS

MEXICO CITY: The Mexican drug


kingpin Joaquin El Chapo Guzman filed an appeal on Tuesday to
prevent his extradition to the US,
which the government hopes to
carry out in early 2017.
His lawyer Andres Granados
dropped off the documents at a
court in Mexico City, which will
hand them over to a college of
appellate judges.
The higher court could take
three to six months to issue a ruling, Granados said, although the
lawyer also plans to take the case
up to the Supreme Court.
We know its a high-profile case
because it has to do with Mr Guzman, he told reporters after filing
the appeal.
We hope that the federal government wont interfere like it did
when a lower court rejected a previous legal challenge on Oct 20, he
said. The Mexican government has
said the Sinaloa drug cartel leader
could be extradited to the US by
January or February.
Guzman is facing two extradition bids, one in California and
another in Texas. AFP

urging her to guarantee the new


prime minister would be given a
completely free hand in selecting
cabinet ministers, handling state
affairs and functioning without
interference.
Its not even worth consideration, the countrys three opposition parties said in a joint press
statement.
Park has come under mounting pressure to step down over the
scandal involving a close friend,
Choi Soon-Sil, who has been arrest-

ed on charges of fraud and abuse


of power.
The charges relate to allegations
that Choi leveraged her personal
relationship with Park to coerce
donations from large companies
like Samsung to non-profit foundations which she set up and used
for personal gain.
She is also accused of interfering
in government affairs, including in
the nomination of senior officials.
Lurid reports of the unhealthy
influence Choi wielded over Park

have sent the presidents approval ratings plunging to record lows


and triggered mass street protests
calling on her to resign.
In a bid to restore public trust,
Park reshuffled her advisers and
senior cabinet members, and nominated a liberal candidate for prime
minister from outside her conservative Saenuri Party.
But opposition parties had
vowed to block her nominee on
the grounds they were not properly
consulted. AFP

UK Supreme Court
to hear Brexit appeal
in December
Judges will deliver judgement probably in the New Year
BY ALICE R ITCHIE

LONDON: Britains Supreme Court


said on Tuesday it has set aside
four days starting on Dec 5 to hear
the governments appeal against a
landmark ruling that it must seek
parliaments approval to start the
Brexit process.
All 11 Supreme Court judges will
hear the case, which could delay
Britains withdrawal from the EU,
and will deliver their judgement
probably in the New Year, a court
statement said.
Prime Minister Theresa Mays
Conservative government is appealing against a High Court ruling last week that it does not have
the executive power alone to trig-

ger Article 50 of the EUs Lisbon


Treaty, which begins exit negotiations.
The judgement prompted outrage among those who fear that
some members of parliament (MPs)
most of whom wanted to stay in
the EU ahead of Junes shock referendum vote to leave may seek
to delay or block Brexit, or ease the
terms of the divorce.
Such was the extent of the personal attacks on the judges
branded Enemies of the People
by one tabloid newspaper that
the justice minister was forced to
issue a statement defending the
independence of the judiciary.
The government insists it will
stick to its timetable for Brexit what-

ever the outcome of the court case,


a message relayed by May in phone
calls with EU leaders last Friday.
Updating MPs on the process
on Monday, Brexit minister David
Davis said: This timetable remains
consistent with our aim to trigger Article 50 by the end of March
next year.
He repeated the governments
refusal to set out its strategy to MPs
in advance, saying it would wreck
the negotiation.
We wont achieve a good negotiation outcome if this is a negotiation being run by 650 people in
this House of Commons or nearly
900 in the Lords, he said.
No negotiation in history has
been run that way. AFP

Australia theme park to demolish death ride


SYDNEY: An Australian theme
park yesterday said it will demolish a water ride that killed
four people, and ordered an independent safety review of all its
attractions.
Two women and two men died
when rafts on the Thunder River
Rapids ride at the hugely popular
Dreamworld tourist attraction on
the Gold Coast collided on Oct 25.
Ardent Leisure, which owns
the theme park and came in for
heavy criticism for the way it handled the tragedy, said the ride
would be shut down.
"Out of respect for the memories of Cindy Low, Roozbeh
Araghi, Kate Goodchild and
Luke Dorsett, and their deeply
affected families, the ride will be
permanently decommissioned,"
said chief executive Deborah
Thomas.
"The closure of the ride is the

only respectful and appropriate


course of action."
She added that a permanent
memorial was planned, with input from the families of the dead.
Police wrapped up their investigations earlier this week and
handed back control of the park
to management, but Dreamworld
has yet to announce when it will
reopen.
In the aftermath of the accident,
the Australian Workers Union said
it had voiced concerns about the
operation and maintenance of
some equipment at Dreamworld
last year, while media reported
alleged safety mishaps.
Dreamworld is conducting
its own internal review of what
went wrong and on Tuesday announced a fully independent external probe of all its rides and
operating systems by a mechanical engineering firm. AFP

IN BRIEF
EU sanctions six Russian
MPs from Crimea
BRUSSELS: The EU yesterday
added six MPs from Crimea
who were recently elected to
Russias parliament to its sanctions blacklist for their role in
supporting Moscows seizure
of the region from Ukraine.
In line with its non-recognition policy, the EU considers
that the persons who became
members of the State Duma
as a result of the elections in
Crimea should be placed under sanctions, said a statement issued by the European
Council of the blocs 28 member states. The EU refuses to
recognise Moscows 2014 annexation of Crimea and insisted Russian parliamentary elections held there in September
were illegal. In June, it rolled
over for another year of asset
ban and travel freeze sanctions against individuals and
companies said to have aided
Russias takeover of the Black
Sea peninsula. AFP

Russian consulate worker


found dead in New York
NEW YORK: An employee of
the Russian Consulate in New
York was found dead there on
early Tuesday with a head
wound, though police were
still trying to determine his exact cause of death. The man,
who was in charge of security
at the installation, was found
unconscious before 7am (1200
GMT) inside the consulate in
the Upper East Side neighbourhood near Central Park,
a New York Police Department
spokesman said. He has not yet
been identified, though his age
was given as 63. A source close
to the police investigation said
the man was apparently in ill
health. AFP

Pakistan deports National


Geographic Afghan girl
PESHAWAR: An Afghan woman immortalised on a National
Geographic cover was deported by Pakistani officials early yesterday to her war-torn
homeland following a brief
period of detention for using
fraudulent identity papers.
Sharbat Gula, whose blazing
green eyes were captured in
an image taken in a Pakistan
refugee camp in the 1980s that
became the magazines most
famous cover, was discharged
from hospital where she was
being treated for Hepatitis C
and taken to the border overnight, officials said. AFP

Colombia landslide kills


nine rescuers

Filepic of members of the public leaving oral tributes outside the main entrance
to Dreamworld located in Gold Coast, Australia. In the aftermath of the accident,
the Australian Workers Union said it had voiced concerns about the operation and
maintenance of some equipment at Dreamworld last year, while media reported
alleged safety mishaps.. Photo by Reuters

BOGOTA: A landslide killed


nine people in southwestern
Colombia on Tuesday, emergency services said. The landslide in the rural town of El
Tambo left a total today of
nine dead and three injured,
the National Risk Management
Unit said in a statement. The
landslide struck after days of
heavy rain. It blocked a road,
making rescue work difficult,
the unit said. AFP

22 F E AT U R E

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE FI N AN C I AL DAI LY

More empty retail space in Spore?


A market capitalisation-weighted index of five REITS has dropped 7% so far this quarter
Still, the landscape is changing
faster than retailers can cope.
Raoul, a fashion brand of the
homegrown retailer FJ Benjamin
Holdings Ltd, disappeared from
shops earlier this year. The last John
Little store on the island is about
to follow suit. Meanwhile, Alibaba
Group Holding Ltd is pumping a
fresh S$187 million (RM567.5 million) into Singapore Post Ltd after
completing a S$86 million investment in SingPosts logistics business.
Separately, Alibaba-backed Lazada
Group SA has agreed to buy a Singaporean online grocer, RedMart.
If an Amazon-Alibaba war
breaks out in earnest, Singapores
warehouses might be a more interesting investment option than
deserted stores. Bloomberg

BY A N DY MU K H ERJEE

he giant sucking sound


building up in Singapores empty shopping
aisles just got louder.
After a 174-year run,
John Little, a wellloved department store, plans to
shut down by January.
Completing the karmic circle of
birth and death, Amazon.com Inc
may start operations in the city in
the first quarter. Thats scant comfort for retail landlords. A market
capitalisation-weighted index of
five real estate investment trusts
(REITS), led by Capitaland Mall
Trust, which counts John Little as a
tenant in its Plaza Singapura mall,
has dropped 7% so far this quarter.
More trouble may be looming.
With a vacancy rate of 8.4%,
shopping spaces are already the
emptiest in almost a decade. And
thats with e-commerce accounting
for just 2% of total sales. Considering that 20% of Chinas retail is
already online, industry forecasts
of 7% e-commerce penetration in
Singapore by 2025 may be a gross

underestimation, says Raghav


Kapoor, chief executive officer of
Smartkarma, a research website.
Add to that a slowing economy,
and non-auto sales that have failed
to grow since early 2014, and its
quite clear why most retailers are
struggling.
One of the two things going right
for retail landlords is low interest

rates. The three-month interbank


rate has held below 1% since June
both because of delayed monetary
tightening in the US and fading expectations of a cheaper Singapore
dollar.* But while that makes Singapore REITs dividend yields of
between 5.5% and 6.8% look attractive at first blush, investment losses
could pile up if the trusts rental in-

* A stable Singapore dollar against


the US currency, the consensus expectation for end-2017, precludes
the need for higher interest rates
on Singapore dollar deposits to
compensate for exchange-rate depreciation.

come comes under further pressure.


The other saving grace is low leverage. Four years ago, every US$100
(RM422) of the REITs assets was
propped up by US$39 in debt; thats
now down to US$31. Prudence is a
great comfort in tough times: Landlords can mothball older malls, This column does not necessarily
spruce them up to revive footfall, reflect the opinion of Bloomberg
and jack up rents.
LP and its owners.

Ominous sign for China debt as cash crunch bites


CHINAs US$3.2 trillion (RM13.5
trillion) corporate bond market is
already starting to reel from rising
interbank borrowing costs, and the
traditional year-end funding crunch
hasnt even started yet.
The yield premium for five-year
AA-rated notes over the sovereign
climbed 10 basis points (bps) in October as money market rates surged
to an 18-month high. Worse may
be yet to come as lenders tend to
hoard cash for year-end regulatory
checks, prompting the overnight
repurchase rate fixing to rise in
December in four of the past five
years, including a 33bps jump in
the last month of 2015.
Chinas bond market has had
11 consecutive quarters of gains
as investors bet the central bank
would keep interest rates low to
support an economy growing at
the slowest pace in a quarter century. The advance has faltered as
the Peoples Bank of China (PBoC)
focuses on cutting debt, pushing
up short-term borrowing costs to
discourage speculative trading.
The real challenge will come
later this month, when asset allocation demand wanes as we enter
the year-end, said Shi Lei, head of
fixed income research at Ping An
Securities Co in Beijing. Huge demand for assets that can generate
safe returns were behind the bond
rally, as investors bet continuous
inflows into the market will drive
up prices. When the liquidity disappears, itll be a problem.

Banks, mutual funds and insurance companies have trimmed corporate bonds due to falling liquidity
and unattractive yield premiums,
said Meng Xiangjuan, head of fixed
income research at SWS Research
Co. The AA spread reached a record
low of 95 on Oct 13. Outstanding
repurchase agreements where
investors pledge existing bond holdings for cash to buy more debt fell
to 8.9 trillion yuan (RM5.55 trillion)
on Oct 31 from a record 9.7 trillion
yuan at the end of 2015. Transactions of overnight repurchase agreements (repos) dropped 18% last

month, National Interbank Funding


Center data show.
The PBoC will introduce some
volatility in the money market to
guide market participants to cut
excessive borrowing, said Harrison
Hu, chief greater China economist
at Royal Bank of Scotland Group plc
in Singapore. Corporate notes will
probably be more severely affected in the deleveraging progress, as
current credit premiums are not
reflecting the risks. This could lead
to a rising number of credit events.
Any disruption in the market
could make it harder for companies

to refinance as 4.1 trillion yuan of


bonds are coming due next year.
The number of defaults in publicly traded notes declined to three
since July, compared with 10 in
the second quarter and seven in
the first three months of this year.
The central bank started to use
longer-term reverse repos in August,
helping drive both overnight repo
rates and the one-year interest-rate
swap to the highest level since April
2015 last month. The PBoC said in its
third-quarter monetary policy report
released on Tuesday it will proactively cut leverage and prevent bubbles.

Drop inevitable
Most of those who are highly leveraged put their money in
corporate bonds, said Wu Sijie, a
Shanghai-based bond investment
manager at China Merchants Bank
Co. If money rates stay elevated,
it is inevitable bond prices will fall.
Short-term interest rates will be
the dominant factor impacting the
market now.
Policies to rein in property bubbles are starting to take effect, with
Beijing home sales plunging 41%
by volume in October from a year
ago and Shanghais slumping 18%,
China Real Estate Information Corp
data show. The economy is forecast
to expand 6.7% this year, the least
since 1990, and slow further to 6.4%
next year, according to Bloomberg
surveys.
That hasnt been reflected in the
bonds of the nations biggest developers. Dalian Wanda Commercial
Properties Co sold six billion yuan
of three-year notes on Sept 23 at a
coupon of 3.64%, and issued the
same amount of such securities
one month later at 3.4%.
The slowdown in the real estate sector is likely to worsen the
credit profiles of some low-rated
companies, said Wang Yifeng,
an analyst at China Minsheng
Banking Corps research institute.
As banks, the biggest investors
in bonds in China, enhance risk
controls, some of these notes will
be excluded from the investment
pool. Bloomberg

S P O RT S 2 3

THU R S DAY N OV E MB E R 1 0 , 20 16 T HE ED G E FINA NCIA L DA ILY

Malaysia calls
for proof after
match-xing
claim
KUALA LUMPUR: Malaysian
football authorities yesterday
called on a former Fifa official
to provide evidence after he
claimed the country had become the hub for match-fixing
in Southeast Asia.
Chris Eaton, an independent industry consultant and
Fifas former security chief,
said on Tuesday that Malaysia had overtaken Singapore in
match-fixing following a crackdown in the city state.
Eaton was speaking at a
sports betting forum in Singapore on Monday.
We urge Eaton to furnish us
with evidence, Datuk Hamidin
Mohd Amin, the secretary-general of the Football Association of Malaysia (FAM), told
AFP.
Hamidin also said Eaton
should be more professional by providing evidence
and information to authorities in Malaysia, adding that
Eaton had made similar allegations before without
substantiation.
Inspector-General of Police
Tan Sri Khalid Abu Bakar said
on Tuesday that authorities
had received no information
related to Eatons allegation,
either from Fifa or the Asian
Football Confederation.
Malaysian football, however, has been plagued by
match-fixing over the years,
and betting syndicates from the
country have also been active
overseas.
One of the biggest cases, a
1994 scandal in Malaysia, saw
21 players and coaches sacked
and 58 players suspended.
In 1999, four men linked
to a Malaysian-based betting
syndicate were jailed for three
years for plotting to sabotage
floodlights ahead of Charltons
match against Liverpool that
year as part of a match-fixing
plot.
In 2012, the FAM suspended
18 youth players and banned
a coach for life for match-fixing. The following year, a Malaysian club suspended all of
its coaches and officials after
a string of suspiciously heavy
defeats. AFP

Kane: We are pleased


to wear poppies
England, Scotland players honour Britains war dead on Armistice Day
BURTON-ON-TRENT: England players are pleased they will be able to
wear commemorative poppies in tomorrows World Cup qualifier against
Scotland, striker Harry Kane said on
Tuesday.
World governing body Fifa forbids
teams from wearing political, commercial or religious symbols during
matches and has warned England
and Scotland they could face sanctions if they defy the directive.
But the football associations of
both countries have decided their
players will wear black armbands
with poppy motifs to honour Britains war dead in the Armistice
Day fixture.
As long as were wearing the poppy, were happy, Tottenham Hotspur
striker Kane told a press conference
at the St Georges Park football centre
in Burton-on-Trent, central England.
We all wanted to wear it. Being
on the top or the sleeve, it doesnt
matter too much. As long as were
wearing it, its a big positive.
Premier League teams have taken
to wearing jerseys with poppy emblems for fixtures prior to Armistice
Day in recent years.
Englands interim manager Gareth Southgate and Scotland captain
Darren Fletcher have both backed
the decision to allow the players to
wear poppies.

Kane attending a press conference at St Georges Park in Burton-on-Trent on Tuesday


with a commemorative poppy on his chest. Photo by AFP

First and foremost, I think everyone would love to wear the poppy and wants to wear the poppy to
show our respect, Fletcher said on
Monday.
Fifa have their rules and you understand why, but hopefully common sense prevails.
People in Britain wear paper poppies in November to remember the
countrys war dead.
Southgate and England captain
Wayne Rooney were among a small

group who made a remembrance


visit to Stapenhill Cemetery in Burton-on-Trent on Tuesday.
Along with goalkeeper Joe Hart
and Daniel Sturridge, they each laid
poppy wreathes bearing the message
Football Remembers. Southgate
was also pictured placing a flower
on a war grave.
Englands game against Scotland
falls on Nov 11, which was the date
the Armistice was signed to end
World War I in 1918. AFP

Forbes, Ronaldo trumped Messi in


2016 with an income of US$88 million (RM371.36 million).
There are no concrete figures,
but Ronaldos new five-year contract with Real is expected to net
the 31-year-old Portuguese forward
in the region of a basic salary of 25
million (RM117.26 million) a year.
He could also bag up to 40 million a year for the Nike deal, according to Marca.

Marca and AS, the Spanish sports


dailies, said the Nike deal is for life,
rather like the one between Nike and
basketball legend Michael Jordan.
I have a great relationship with
this brand; I have great friends here
in the company, Ronaldo said in
a Nike press release announcing a
new, long-term contract.
We work as a family too, he
added.
This is my brand. AFP

Ex-Venezuela football official to plead guilty in US bribe case


BY N AT E R AYMOND

NEW YORK: The former president


of Venezuelas football federation
is expected to plead guilty to US
charges stemming from a bribery
investigation involving Fifa, the
sports world governing body, according to court records filed on
Tuesday.
Rafael Esquivel, who was also an
executive committee member with
South American footballs govern-

ing body Conmebol, is set to plead


guilty today in the federal court
in Brooklyn, becoming the latest
individual to admit wrongdoing
in the case.
Neither a lawyer for Esquivel nor
a spokesman for the US Attorneys
Office in Brooklyn, which is prosecuting the case, responded immediately to requests for comment.
Esquivel, 70, is one of 42 individuals and entities charged as part
of a US investigation that upended

Neymar gives Messi,


Mascherano lift on
his own private jet
BELO HORIZONTE: They may
be about to lock horns in the
latest instalment of Brazil and
Argentinas ferocious football rivalry, but Neymar was
not about to let 102 years of
South American footballing
enmity get in the way of his
friendship with Barcelona
mates Lionel Messi and Javier Mascherano. So when the
three men were working out
how to get to Belo Horizonte
for todays 2018 World Cup
qualifier, Brazil star Neymar
didnt hesitate to offer a lift to
Messi and Mascherano on his
private jet. The trio touched
down in the city on Tuesday
to join their respective squads
ahead of this weeks crucial
battle. AFP

No alcohol on streets,
public places at 2022
World Cup Qatar

Cristiano Ronaldo bags


new long-term Nike deal
MADRID: A day after signing a
bumper fresh contract with Real Madrid, Cristiano Ronaldo has boosted
his mind-boggling earnings with a
new deal with Nike, the American
sports giant said on Tuesday.
Together, the multimillion mega-deals are expected to cement
Ronaldos status as the worlds highest-paid sportsman, ahead of great
Barcelona rival Lionel Messi.
According to American magazine

IN BRIEF

Zurich-based Fifa and the football


world. To date, 18 people and two
companies have pleaded guilty in
connection with the probe.
Prosecutors said the defendants
engaged in schemes involving more
than US$200 million in bribes and
kickbacks that were sought and received by football officials for marketing and broadcasting rights to
tournaments and matches.
Esquivel, who prosecutors accuse of receiving bribe and kick-

back payments, was among seven


football officials arrested at a luxury
hotel in Switzerland in May 2015,
as the US Department of Justice
unveiled the case.
Esquivel, the former president
of the Federacin Venezolana de
Ftbol, the Venezuelan football
federation, was extradited to the
US in March.
He had been among six defendants who were set to face trial in
November 2017. Reuters

DOHA: Alcohol will be banned


from streets and public places
and if Qatari officials get their
way, even stadiums during the
2022 World Cup, the head of
the countrys tournament organising committee said on
Tuesday. The comments by
Hassan Al-Thawadi will further alarm football traditionalists already unhappy that the
tournament will be moved to
the winter because of fierce
summer temperatures in Qatar. There will be no alcohol
consumption on the streets,
squares and public places, and
that is final, Supreme Committee for Delivery and Legacy
secretary-general Al-Thawadi
said. AFP

Inter Milan appoint


Pioli as new coach
MILAN: Inter Milan on Tuesday named the experienced
Stefano Pioli as their third
coach in just four months. Taken over in June by new Chinese
owners, Inter are struggling
badly this season and are sitting ninth in Serie A and last
in their Europa League group
after a disastrous start to the
campaign. The Italian has
signed a contract until June
2018 to take over from de Boer,
who was sacked a week ago
following a 1-0 defeat at Sampdoria, Inters fifth loss in 11
outings. AFP

Bale retains Welsh


Player of the Year crown
LONDON: Real Madrid forward Gareth Bale was named
Welsh Player of the Year for
the fourth successive year and
sixth time in seven years in
Tuesdays Football Association of Wales awards. Bale,
27, inspired Wales to a shock
semi-final showing at Euro
2016, scoring three goals in the
group phase, and needs another three goals to equal Ian
Rushs national scoring record
of 28. The year has also seen
him win his second Champions League title with Madrid.
AFP

24

live it!

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE FI N AN C I AL DAI LY

WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE

Personal
ASSISTANT

EN POINTE

CO M PI L ED BY SA RA H ABU BAKAR

WORK. LIFE. BALANCE

SPLURGE on a tantalising lunch at Nobu Kuala


Lumpur, which features an appetising set lunch
menu comprising ne contemporary Japanese
cuisine, ranging from fresh sushi and sashimi to
tempura and bento. Prices range from RM35 to
RM175 excluding taxes. Lunch hours are from
noon till 2pm on weekdays. For bookings, call
(03) 2164 5084 or WhatsApp (019) 389 5085.
VisitNobu Kuala Lumpur on Level 56, Menara
3 Petronas, KLCC, Kuala Lumpur. Visit www.
noburestaurants.com/for more information.

Dancers performing during


the opening of the 25th
International Ballet Festival of
Havana, in Havana on Oct 28.
Photos by Reuters

Cuba ballet festival


reflects diplomatic pas
de deux with the US
BY S ARAH M ARS H

UNWIND in style and enjoy the view while


catching up with old friends and making new
ones at the Expat Mingle. The two-hour social
event with some refreshing drinks and good
conversation is a great way to socialise before the weekend. Watch the sunset with the
panoramic view of the city skyline at Sky Bar
on Level 33, Traders Hotel, KLCC, Kuala Lumpur. Call (03) 2094 9664 to register or email
anne@theexpatgroup.com. The event starts
at 7pm and ends at 9pm. The entrance fee
ranges from RM30 to RM70 for members and
RM40 to RM80 for non-members. Visitwww.
theexpatgroup.comfor more information.

HAILED by Britains The Guardian as one


of the funniest plays youll ever see about
depression, Duncan Macmillans one-man
showEvery Brilliant Thingpremieres in Malaysia starring Qahar Aqilah (Shakespeares
R&J, Angels in America) and directed by
theatrethreesixtys Christopher Ling. Be a
part of an interactive theatrical happening
that with your help unfolds as both
heart-wrenching and hilarious. Showtime
is at 8.30pm, at theatrethreesixty, Tommy Le
Baker, A-1-5, Viva Residency, Jalan Sultan
Azlan Shah,Kuala Lumpur. Tickets, priced
at RM38, can be purchased online athwww.
tixipro.com/theatrethreesixtyor at the door.
This play contains mature content and is
suitable for those 13 years old and above.

woman in a floaty dress


wrestles a minotaur who
reflects her inner demons
in Errand into the Maze,
one of the Martha Graham
Dance Company works that
made its Cuban premiere at the end of
October to thunderous applause at the
Havana ballet festival.
The troupe was performing in the Communist-run island for the first time since
1941 and was one of seven American
companies that participated in the 10day event, underscoring greater US-Cuban cultural exchange in the wake of the
countries detente.
The standing ovation said it all, said
a beaming Cuban spectator, 64-year-old
Maria Antonia Armas. It was fabulous.
I just hope this exchange will continue
to flow.
The Cuban and American ballet
worlds have a deeply entwined history
and the founding father of Cuban dance,
Ramiro Guerra, studied under Graham

in New York in the 1940s.


Yet ties suffered during the five decades of ideological hostility following
Fidel Castros 1959 revolution.
We keep hearing there is a Martha
Graham world in Cuba that we have been
apart from for decades, the companys
artistic director, Janet Eilber, said in an
interview.
We know it has evolved in its own
way and in New York we have evolved in
our own way, so to come together and
meet our long-lost relatives has been
very interesting.
While there have been some exchanges between Cuban and American dance
in the last two decades, the detente announced nearly two years ago is enabling
a broader opening, Eilber said.
For one, it has made travelling and securing financing much easier, she said.
Regular commercial flights were re-established in August and American companies such as Jetblue are keen to provide sponsorship in order to gain market
recognition in Cuba.
Cuban spectators said the modern
and contemporary US choreographies
performed during the opening weekend
of the 25th Havana ballet festival were
like a breath of fresh air.
While Cuban ballet has fused the best
from the Russians, French, Italians, English and Americans with Latin flair and

Alonso (centre) attending an event to mark the opening of the ballet festival.

Afro-Cuban sensuality, its style has also been


criticised as outdated.
It is based on the approach of the Ballet
Nacional de Cubas 94-year-old founder, Alicia Alonso, a principal dancer in the 1940s
with the company now known as American
Ballet Theater.
Alonsos choreographies to classics like
Swan Lake, Giselle and Sleeping Beauty feature heavily throughout the biannual festival, which from this year onwards will be
named after her.
New York City Ballet choreographer Justin
Peck, who brought four works to the festival,
said he aimed above all to keep pushing
the envelope.
Classical ballet is an evolution so it should
take certain careful steps forward, the 29year old told a news conference.
Peck and others said it was a treat to perform in a society where the public is so enthusiastic about their art.
Ballet may not be avant-garde in Cuba
but it is mainstream entertainment, with
tickets costing less than half a dollar and
performances shown on public television.
They have one of most sophisticated
palates for ballet, for dance and for art in the
world, said Peck.
Dancers and companies representing16
countries in total participated in the festival,
including for the first time South Koreas Universal Ballet Company and the lead dancer
from the National Ballet of Mongolia. Reuters

Children performing during the opening of the ballet festival.

Markets 2 5

THU R S DAY N OV E MB E R 1 0 , 20 16 T HEED G E FINA NCIA L DA ILY

BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia

YEAR
HIGH

Sectorial Movement
INDICES

CLOSE

+/-

%CHG

INDICES

CLOSE

+/-

%CHG

KLSE COMPOSITE

1,647.62

-16.20

-0.97

TECHNOLOGY

22.20

-0.36

-1.60

KLSE INDUSTRIAL

3,136.74

-19.25

-0.61

FTSE BURSA 100

11,292.78

-116.32

-1.02

13,390.80

-157.28

-1.16

-0.70

FTSE BURSA MID 70

INDUSTRIAL PRODUCT

145.11

-1.24

-0.85

FTSE BURSA SMALL CAP

14,933.40

-227.93

-1.50

CONSTRUCTION

287.45

-2.49

-0.86

FTSE BURSA FLEDGLING

15,855.66

-274.45

-1.70

221.31

-2.31

-1.03

FTSE BURSA EMAS

11,576.26

-122.48

-1.05

14,335.99

-118.91

-0.82

FTSE BUR MSIA ACE

4,911.36

-46.59

-0.94

CONSUMER PRODUCT

596.49

TRADE & SERVICES


KLSE FINANCIAL

-4.23

KLSE PROPERTY

1,159.47

-16.71

-1.42

FTSE BUR EMAS SHARIAH

12,154.93

-127.70

-1.04

KLSE PLANTATION

7,706.06

-102.40

-1.31

FTSE BUR HIJRAH SHARIAH

13,581.32

-121.54

-0.89

474.18

-4.06

-0.85

FTSE/ASEAN 40

9,088.07

-124.39

-1.35

KLSE MINING

Bursa Malaysia Main Market


YEAR
HIGH

YEAR
LOW

DAY
HIGH

CONSUMER PRODUCTS
0.824 0.591 0.705
4.800 3.297 4.500
14.647 6.046 13.420
0.270 0.210

6.330 4.862 6.040


1.460 0.890

5.174 3.680 3.780


57.589 39.875 48.660
0.070 0.035 0.065
0.763 0.550 0.605
1.870 1.150 1.620
0.647 0.465 0.475
0.400 0.260 0.320
15.136 10.686 14.440
0.730 0.530 0.575
2.619 1.942 2.120
1.970 0.784 1.220
3.226 2.304 2.520
0.075 0.025

2.417 1.820 2.010


1.848 1.102 1.750
0.175 0.055 0.065
0.075 0.035 0.045
0.965 0.760

65.980 45.209 58.400


0.165 0.075 0.085
0.265 0.030 0.035
0.240 0.185 0.200
0.460 0.175 0.190
2.541 1.642 1.700
0.310 0.205 0.220
0.940 0.640 0.680
27.000 17.342 24.280
0.940 0.555 0.685
1.205 0.834

1.207 0.509 0.770


0.966 0.700 0.810
1.640 0.830 1.150
2.738 2.083 2.610
1.200 0.940

0.085 0.010

18.372 12.212 17.020


10.080 5.115 9.770
1.159 0.841 0.910
0.508 0.365 0.370
5.141 3.757 4.750
1.393 1.210 1.230
0.590 0.360 0.490
2.400 1.820 2.290
1.560 0.840 1.490
0.930 0.505 0.620
3.160 2.130 2.470
4.000 2.667 3.700
0.205 0.025 0.045
0.910 0.720

2.700 1.827

1.180 0.990

0.125 0.035 0.085


8.100 4.620 4.960
0.925 0.805 0.830
0.330 0.250 0.285
3.365 1.934 3.070
0.885 0.710 0.775
1.779 1.260 1.330
4.478 3.809 4.180
0.100 0.020

1.234 1.000 1.050


1.637 1.157 1.540
1.040 0.810

5.120 4.423 4.990


0.095 0.025

1.626 1.200

81.084 70.427 78.400


3.350 2.423 3.160
0.200 0.080 0.090
0.370 0.255 0.280
1.067 0.714 0.835
0.753 0.345 0.380
0.065 0.040 0.055
2.536 1.440 1.480
7.456 6.381 6.880
3.049 1.453 2.870
38.617 21.142 36.120
1.370 0.587 1.300
0.545 0.220 0.445
0.885 0.350

1.120 0.700 0.930


0.229 0.150 0.155
0.580 0.470 0.495
2.043 1.373 1.620
16.701 15.029 16.160
0.614 0.472

2.077 1.280 1.570


0.815 0.680 0.765
2.853 1.869 2.150
4.597 4.004 4.460
1.620 1.400

1.460 1.020 1.440


0.495 0.270 0.295
1.250 0.605 1.140
1.430 0.550 0.610
0.120 0.055 0.065
2.450 1.660 1.890
1.199 0.704 0.820
0.120 0.035 0.105
0.405 0.155

2.682 1.887 2.340


1.505 0.792 1.150
0.745 0.475 0.535
0.450 0.280

2.920 1.830 1.900


1.419 0.716 0.965
1.693 1.090 1.140
1.610 1.270

0.560 0.435 0.450


0.525 0.420 0.515
8.230 4.880 5.560
2.332 1.612

1.008 0.621

0.060 0.025 0.025


0.540 0.390

0.607 0.085 0.100


2.450 1.826 2.290
1.360 0.300 1.110
1.370 0.876 1.200
2.829 2.040 2.140
1.549 1.300 1.350
INDUSTRIAL PRODUCTS
1.460 0.985 1.250
0.140 0.085 0.095
0.570 0.470

0.315 0.230

1.000 0.650 0.780


2.840 1.824

Volume Weighted Average Price

DAY
LOW
0.685
4.280
13.300

5.960

3.730
47.360
0.060
0.585
1.580
0.465
0.300
14.240
0.550
2.100
1.200
2.500

1.940
1.650
0.060
0.040

58.080
0.075
0.035
0.200
0.180
1.690
0.210
0.680
24.100
0.660

0.750
0.780
1.100
2.500

16.880
9.520
0.880
0.365
4.720
1.210
0.480
2.180
1.400
0.575
2.390
3.660
0.040

0.080
4.800
0.805
0.270
2.950
0.740
1.270
4.050

1.050
1.490

4.880

78.240
3.120
0.085
0.265
0.810
0.365
0.050
1.440
6.810
2.790
35.600
1.220
0.420

0.840
0.155
0.475
1.540
15.640

1.500
0.750
2.090
4.300

1.340
0.280
1.110
0.590
0.065
1.850
0.780
0.090

2.310
1.130
0.515

1.890
0.915
1.090

0.450
0.500
5.460

0.025

0.090
2.220
1.110
1.150
2.090
1.300
1.220
0.090

0.780

CODE
7120
7090
2658
7051
6432
7722
7129
4162
7243
9288
7174
7154
7128
2836
7035
7148
9423
2828
5188
7205
7202
5214
7179
7119
3026
7198
7182
5091
9091
7149
7208
7094
3689
9776
2755
8605
9172
5102
5606
5606PA
5187
3255
3301
5160
7213
7141
5024
8478
5107
7152
8931
5247
7216
8303
6203
7062
0002
5172
7006
9385
8079
7089
7126
7085
7087
5189
5886
3662
7935
5202
5150
3921
4707
7060
7139
7215
5066
7071
7071PA
7107
4006
7052
3719
5022
9407
6068
5231
4081
5080
7088
4065
7190
8966
7134
7237
7084
9946
5252
5157
7180
7165
7165PA
7412
7246
8532
7943
7103
7186
7082
7211
4405
7200
7252
9369
7230
7176
4588
7757
7203
5156
7121
5155
5584
7184
5159
7178
5131
0012
7086
7061
7131
7191
9148

COUNTER
ACOSTEC
AHEALTH
AJI
AMTEK
APOLLO
ASIABRN
ASIAFLE
BAT
BIOOSMO
BONIA
CAB
CAELY
CAMRES
CARLSBG
CCK
CCMDBIO
CHEEWAH
CIHLDG
CNOUHUA
COCOLND
CSCENIC
CSL
DBE
DEGEM
DLADY
DPS
EKA
EKOWOOD
EMICO
ENGKAH
EURO
EUROSP
F&N
FARMBES
FCW
FFHB
FPI
GCB
GOLDIS
GOLDIS-PA
HBGLOB
HEIM
HLIND
HOMERIZ
HOVID
HUATLAI
HUPSENG
HWATAI
IQGROUP
JAYCORP
JERASIA
KAREX
KAWAN
KFM
KHEESAN
KHIND
KOTRA
KSTAR
LATITUD
LAYHONG
LEESK
LIIHEN
LONBISC
LTKM
MAGNI
MAXWELL
MBG
MFLOUR
MILUX
MSM
MSPORTS
MWE
NESTLE
NHFATT
NICE
NIHSIN
NTPM
OCR
OCR-PA
OFI
ORIENT
PADINI
PANAMY
PAOS
PARAGON
PCCS
PELIKAN
PMCORP
POHKONG
POHUAT
PPB
PPG
PRLEXUS
PWF
PWROOT
QL
REX
SASBADI
SAUDEE
SERNKOU
SGB
SGB-PA
SHH
SIGN
SINOTOP
SNC
SPRITZER
SWSCAP
SYF
TAFI
TCHONG
TEKSENG
TEOSENG
TGL
TOMEI
TPC
UMW
UPA
WANGZNG
XDL
XIANLNG
XINQUAN
YEELEE
YEN
YOCB
YSPSAH
ZHULIAN
3A
ABLEGRP
ABRIC
ACME
ADVENTA
ADVPKG

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

0.705
4.500
13.340
0.260
5.960
1.000
3.760
47.920
0.065
0.590
1.610
0.470
0.320
14.300
0.575
2.120
1.200
2.500
0.025
1.990
1.700
0.065
0.045
0.900
58.400
0.080
0.035
0.200
0.190
1.690
0.210
0.680
24.280
0.680
1.000
0.750
0.780
1.120
2.610
1.060
0.055
17.000
9.700
0.890
0.370
4.750
1.220
0.480
2.250
1.430
0.605
2.440
3.680
0.045
0.800
2.500
1.080
0.080
4.960
0.830
0.270
2.980
0.760
1.330
4.120
0.025
1.050
1.520
0.920
4.990
0.035
1.250
78.260
3.130
0.085
0.270
0.835
0.380
0.055
1.450
6.810
2.850
36.020
1.250
0.435
0.390
0.930
0.155
0.480
1.560
16.000
0.560
1.530
0.760
2.100
4.450
1.520
1.400
0.295
1.120
0.610
0.065
1.850
0.800
0.100
0.240
2.340
1.150
0.520
0.300
1.890
0.930
1.110
1.510
0.450
0.510
5.460
2.150
0.840
0.025
0.445
0.100
2.250
1.110
1.200
2.100
1.350

UNCH
-0.100
-0.080

-0.040

-0.040
-0.440
UNCH
-0.015
UNCH
-0.010
0.015
-0.200
UNCH
-0.030
-0.020
-0.020

-0.020
0.010
-0.005
UNCH

-0.300
UNCH
UNCH
UNCH
UNCH
-0.010
-0.010
0.030
0.020
0.005

-0.020
-0.030
-0.040
-0.020

-0.060
0.050
-0.015
-0.005
-0.010
-0.010
-0.010
-0.050
-0.030
0.005
-0.020
-0.030
-0.005

-0.005
-0.040
UNCH
-0.005
-0.100
-0.010
0.020
-0.060

-0.050
-0.020

-0.010

-0.040
-0.070
-0.010
-0.005
-0.005
0.005
UNCH
-0.040
-0.090
-0.030
-0.100
-0.050
-0.005

0.035
UNCH
0.010
-0.040
-0.100

-0.030
-0.005
-0.040
UNCH

-0.020
0.005
-0.050
0.010
-0.005
-0.040
-0.015
-0.010

-0.020
0.020
-0.005

-0.010
-0.030
-0.050

-0.010
-0.010
-0.140

UNCH

0.010
-0.060
-0.020
-0.010
-0.040
UNCH

73
78.8
30

5.1

17.5
73.8
4830.9
1259.8
133.5
179
201.4
180.1
134
7
27
79.8

216.8
228.8
906.1
4021

3.7
186.2
288.8
50
120.3
21
158
10
290.2
22.5

105.5
74
297.7
14.8

13.8
226.8
759.2
453.6
27.7
104.3
45
332.8
1043.9
77
905.3
57.1
130

1352.4
78.8
676.8
205.7
502.5
603.3
8.1
392

3
611

70.1
91.2
530.4
212
251.7
342
862
128.5
22.6
1067.2
43.6
218.4
674.7

642.5
236.5
86.4
499.3
416

345
422
174.7
424.8

1420.4
772
73.5
279.5
130
36.5
1148.8
9514.8

34
33
806.6

12
2974.7
1272.5

10
710.8
293.4

518.1

114.4
248.1
6.4
29.1
110.6
64

0.689
4.367
13.333

5.969

3.757
47.900
0.060
0.593
1.594
0.471
0.311
14.356
0.559
2.109
1.202
2.502

1.996
1.670
0.065
0.041

58.229
0.078
0.035
0.200
0.180
1.695
0.216
0.680
24.257
0.674

0.750
0.794
1.118
2.551

16.967
9.712
0.888
0.367
4.742
1.213
0.488
2.226
1.442
0.588
2.425
3.697
0.045

0.084
4.862
0.818
0.271
2.988
0.758
1.277
4.119

1.050
1.507

4.935

78.269
3.138
0.089
0.268
0.834
0.372
0.051
1.454
6.838
2.823
36.009
1.242
0.433

0.858
0.155
0.485
1.571
15.976

1.522
0.756
2.117
4.416

1.376
0.287
1.121
0.596
0.065
1.855
0.796
0.099

2.328
1.139
0.517

1.894
0.929
1.113

0.450
0.509
5.484

0.025

0.090
2.250
1.110
1.150
2.100
1.318

14.39
13.64
18.67

19.66

10.16
21.84

19.16
15.83
6.26
9.33
17.40
12.31
15.55
7.25
15.23

12.71
14.55
1.12

15.41
25.64

4.97
40.24
18.10
141.67
23.08
4.91
56.82
9.09
10.44
11.36
15.30

19.79
12.10
9.53
16.44
18.99
19.15
20.25
9.37
9.24
8.72
36.64
23.37

15.09
9.78
18.43

6.63
377.27
8.68
7.42
7.63
14.10
7.44

24.48
16.47

16.85

27.39
9.88
21.25

17.40

14.83
19.84
13.64
14.26
43.55
11.18

75.00
8.47
17.91
7.59
23.61
16.72
7.63
16.93
16.56
28.71

22.47

100.00
152.50

7.84
3.96
125.00
60.00
11.95
39.66
8.25

5.72
11.26
11.30
30.61
21.61

9.59
8.96
20.83

10.08

9.18
10.12
18.44

3.55
2.56
2.53

5.03
0.50
4.26
4.86

2.12

2.13

5.03
2.61
3.77
2.92
2.00

3.71
7.06

2.78
1.71

3.85

2.57

1.50
1.33
8.97

0.77
3.77

3.24
3.51
5.06
2.70
1.05
3.28

4.44
2.80

0.82
0.68

4.00

2.42
0.60

5.03

3.01
3.28

4.76
3.29

5.21

1.06
3.19
3.51

1.92

3.10
2.64
3.51
3.86
2.00

2.08
3.85
1.56
2.23
1.55
2.96
5.00
0.96

1.43

5.41
6.25

2.35
0.87

2.12
2.15
2.25
4.97
2.22

3.66
4.19
3.57

18.30
1.56

3.33
3.10
4.44

125.4
527.2
811.1
13.0
476.8
79.1
724.4
13,682.6
47.0
475.7
283.9
37.6
63.0
4,405.5
181.3
591.4
50.5
405.0
16.7
455.3
204.8
80.8
48.7
120.6
3,737.6
47.0
10.9
33.6
18.2
119.6
51.0
30.2
8,905.4
41.5
250.0
64.6
192.9
537.8
1,594.2
482.3
25.7
5,135.7
3,180.7
267.0
302.7
411.6
976.0
35.9
198.1
196.3
49.6
2,445.8
992.3
3.1
83.2
100.1
143.1
21.3
482.1
505.3
45.3
536.4
141.8
173.0
670.5
10.0
63.8
836.4
50.1
3,507.9
21.2
289.4
18,352.0
235.2
25.7
64.4
937.9
90.4
36.4
348.0
4,224.9
1,875.0
2,188.1
151.0
30.5
23.4
514.6
119.9
197.0
353.8
18,968.0
56.0
270.6
125.7
639.7
5,553.7
93.7
391.2
35.4
134.4
79.4
31.7
92.5
192.2
197.4
15.8
409.2
167.8
318.4
24.0
1,270.1
323.1
333.0
61.5
62.4
119.2
6,378.9
171.1
134.4
67.4
32.4
48.5
424.1
152.6
192.0
282.8
621.0

1.240
0.090
0.505
0.230
0.780
2.280

-0.010
-0.015

0.010

727.9
811.2

1.235
0.095

0.780

19.22

11.92
92.86
15.91

1.13

5.26

488.1
23.8
74.3
50.3
119.2
46.7

# PE is calculated based on latest 12 months reported Earnings Per Share

YEAR
LOW

DAY
HIGH

DAY
LOW

0.195 0.100 0.165


0.160
0.480 0.355

0.635 0.260 0.525


0.505
1.141 0.750 0.775
0.750
0.340 0.090 0.120
0.120
1.040 0.660 0.960
0.940
0.460 0.320 0.355
0.340
2.156 0.582 2.090
2.000
0.360 0.120 0.210
0.190
1.465 0.963 0.965
0.965
3.934 3.300 3.410
3.360
0.985 0.516 0.885
0.855
0.825 0.595 0.730
0.710
0.940 0.448 0.940
0.860
1.660 0.600

2.300 1.410 2.000


2.000
0.795 0.420 0.470
0.430
0.135 0.095

1.216 0.905 0.930


0.905
3.100 2.010

1.936 1.246 1.540


1.490
0.435 0.285 0.355
0.330
0.395 0.185 0.335
0.305
0.385 0.195 0.230
0.215
5.110 3.133 3.420
3.330
0.100 0.020 0.025
0.020
2.315 1.819 1.990
1.940
1.042 0.798 0.875
0.870
1.750 1.277 1.750
1.750
2.560 1.510 1.560
1.530
1.450 1.100

2.218 1.321 1.670


1.610
2.300 1.304 1.840
1.750
1.000 0.640 0.980
0.980
0.075 0.040 0.055
0.055
5.349 3.170 3.700
3.610
0.360 0.130 0.245
0.200
2.140 1.411 1.490
1.450
0.990 0.295 0.705
0.665
1.000 0.605 0.710
0.690
2.230 0.942 2.080
1.970
0.070 0.005

0.974 0.702 0.860


0.850
0.440 0.280 0.280
0.280
2.352 2.070 2.220
2.200
0.445 0.285 0.360
0.350
0.315 0.170 0.305
0.295
0.635 0.285 0.300
0.290
0.475 0.340 0.340
0.340
0.850 0.370 0.400
0.375
1.285 1.071 1.160
1.140
1.528 0.764 1.240
1.160
0.689 0.318 0.590
0.565
1.260 0.770 0.835
0.810
1.420 0.940 0.955
0.940
0.927 0.193 0.630
0.570
0.759 0.520

1.683 0.735 1.040


0.975
1.552 0.700 0.720
0.700
1.176 0.935 1.090
1.070
3.022 2.270 2.350
2.310
0.835 0.470 0.525
0.510
2.258 2.080 2.110
2.080
3.090 1.420 1.610
1.540
1.500 1.370 1.420
1.400
2.970 1.300 1.560
1.530
0.075 0.040 0.045
0.040
0.735 0.180 0.625
0.600
0.110 0.075 0.095
0.095
0.565 0.255 0.270
0.270
0.312 0.202 0.215
0.210
0.135 0.085 0.100
0.095
1.038 0.749 0.855
0.840
0.750 0.295 0.320
0.295
6.068 3.776 4.830
4.710
3.500 2.640

1.746 1.033 1.380


1.290
1.000 0.830 0.990
0.950
0.525 0.180 0.310
0.295
0.335 0.130 0.305
0.275
1.768 0.870

0.960 0.637 0.845


0.800
0.400 0.275

0.070 0.020 0.025


0.025
3.410 2.852 3.100
3.020
0.125 0.045 0.050
0.045
0.960 0.750

2.190 1.625

0.360 0.220 0.220


0.220
0.120 0.060 0.065
0.060
0.165 0.140 0.155
0.155
0.280 0.055

1.320 0.940

1.040 0.840 1.000


0.950
1.810 1.050 1.380
1.300
0.230 0.160 0.175
0.170
1.266 0.549 0.790
0.715
0.985 0.400 0.410
0.410
3.418 2.770 2.820
2.770
2.516 1.590 1.640
1.620
0.140 0.025 0.045
0.035
1.815 1.350 1.370
1.350
0.550 0.380 0.400
0.380
2.703 1.130 1.650
1.540
0.677 0.290 0.305
0.295
9.402 5.839 6.850
6.750
0.600 0.370

5.624 4.661 4.770


4.710
0.520 0.346 0.430
0.375
0.560 0.300

9.292 7.304 7.920


7.790
0.700 0.428 0.595
0.570
0.777 0.500 0.525
0.500
0.615 0.407 0.500
0.480
0.150 0.100 0.105
0.100
0.085 0.020 0.030
0.025
0.525 0.220 0.405
0.385
0.570 0.110 0.400
0.385
0.090 0.050 0.055
0.050
3.921 3.400 3.550
3.450
1.060 0.340 0.840
0.780
0.699 0.515 0.515
0.515
1.060 0.360 1.010
1.000
1.100 0.736 1.030
0.990
1.080 0.680

0.660 0.175 0.600


0.565
0.647 0.490

1.571 1.110

1.885 1.595

1.340 0.800 1.050


0.995
0.110 0.060 0.085
0.080
0.784 0.595 0.620
0.595
3.840 2.210 3.740
3.620
2.564 1.430 1.620
1.620
1.200 0.210 1.140
1.030
0.200 0.050

0.645 0.100 0.215


0.210
0.750 0.510 0.590
0.565
1.338 0.806 1.230
1.160
1.221 0.890 0.900
0.890
0.095 0.050 0.060
0.060
7.432 5.887 6.960
6.840
2.070 1.540 1.850
1.750
0.825 0.537 0.670
0.660
6.970 4.904 6.970
6.620
0.165 0.050 0.070
0.065
23.014 20.277 22.080 21.920
6.982 2.932 4.230
4.080
2.731 1.650 1.750
1.670
1.649 0.867 1.510
1.470
1.730 0.633 1.630
1.550
0.650 0.430

0.460 0.280 0.310


0.310
1.170 0.810 0.935
0.925
0.380 0.300

0.750 0.396 0.625


0.585
0.710 0.337 0.640
0.630
0.175 0.085 0.105
0.095
1.640 1.180

0.950 0.660 0.700


0.660
6.200 5.450

0.505 0.275 0.450


0.420
0.941 0.720 0.800
0.780
4.240 3.456 4.100
4.010
7.980 5.499 6.960
6.600

CODE
7146
5198
2682
7609
9954
2674
4758
6556
9342
5568
5015
7214
7162
7099
7181
8133
7005
7187
0168
6297
5100
9938
7221
7188
5105
5229
7076
2879
7171
8435
8044
5007
5797
8052
7018
2852
7986
5071
7195
2127
5094
0022
7157
5082
8125
8176
7114
5835
5835PA
5265
7169
1619
7233
8907
9016
7217
7773
5101
7249
2984
7229
0149
3107
5197
3611
7197
5220
7192
7096
5649
0136
7077
3247
5151
5168
7105
5095
3298
5072
5199
7033
8443
5165
2739
5000
9601
9687
7222
7183
7223
8648
2747
7043
7167
4383
0054
7199
6211
3522
5371
5060
9466
7164
6971
7017
7153
7130
3476
5192
8362
3794
9326
5092
5232
8745
2887
4235
9881
5068
9199
5098
7029
8095
5152
7004
3778
5223
8192
6149
5001
7219
5576
5916
3883
5087
7002
5025
4944
7140
5065
7225
5183
5271
9997
5436
5146
6033
3042
7095
7172
8869
6637
8117
8273
9458
9873
7168
7123
7544
7498
7765
7232
7803
5134
9822

COUNTER
AEM
AFUJIYA
AISB
AJIYA
AKNIGHT
ALCOM
ANCOM
ANNJOO
ANZO
APB
APM
ARANK
ASTINO
ATTA
ATURMJU
BHIC
BIG
BKOON
BOILERM
BOXPAK
BPPLAS
BRIGHT
BSLCORP
BTM
CANONE
CAP
CBIP
CCM
CENBOND
CEPCO
CFM
CHINWEL
CHOOBEE
CICB
CME
CMSB
CNASIA
COASTAL
COMCORP
COMFORT
CSCSTEL
CYBERT
CYL
CYMAO
DAIBOCI
DENKO
DNONCE
DOLMITE
DOLMITE-PA
DOLPHIN
DOMINAN
DRBHCOM
DUFU
EG
EKSONS
EMETALL
EPMB
EVERGRN
EWEIN
FACBIND
FAVCO
FIBON
FIMACOR
FLBHD
GBH
GESHEN
GLOTEC
GOODWAY
GPA
GPHAROS
GREENYB
GSB
GUH
HALEX
HARTA
HCK
HEVEA
HEXZA
HIAPTEK
HIBISCS
HIGHTEC
HIL
HOKHENG
HUAAN
HUMEIND
HWGB
IDEALUBB
IMASPRO
IRETEX
JADI
JASKITA
JAVA
JMR
JOHOTIN
JTIASA
KARYON
KEINHIN
KIALIM
KIANJOO
KIMHIN
KINSTEL
KKB
KNM
KOBAY
KOMARK
KOSSAN
KPOWER
KSENG
KSSC
KYM
LAFMSIA
LBALUM
LCTH
LEONFB
LEWEKO
LIONDIV
LIONIND
LSTEEL
LUSTER
LYSAGHT
MASTEEL
MASTER
MAYPAK
MBL
MCEHLDG
MELEWAR
MENTIGA
MERCURY
METROD
MIECO
MINETEC
MINHO
MSC
MUDA
MYCRON
NAKA
NWP
NYLEX
OKA
ORNA
PA
PCHEM
PECCA
PENSONI
PERSTIM
PERWAJA
PETGAS
PETRONM
PIE
PMBTECH
PMETAL
PNEPCB
POLY
PPHB
PREMIER
PRESTAR
PRG
PWORTH
QUALITY
RALCO
RAPID
RESINTC
RUBEREX
SAB
SAM

CLOSING
(RM)
0.165
0.450
0.505
0.770
0.120
0.960
0.340
2.020
0.210
0.965
3.370
0.870
0.730
0.910
0.945
2.000
0.470
0.105
0.920
2.020
1.540
0.345
0.320
0.215
3.380
0.025
1.970
0.870
1.750
1.540
1.110
1.660
1.800
0.980
0.055
3.630
0.245
1.460
0.680
0.705
2.040
0.005
0.850
0.280
2.220
0.355
0.300
0.295
0.340
0.375
1.160
1.190
0.580
0.820
0.940
0.620
0.600
0.985
0.710
1.070
2.340
0.525
2.080
1.570
1.420
1.550
0.045
0.600
0.095
0.270
0.210
0.095
0.840
0.300
4.740
3.300
1.340
0.965
0.305
0.290
1.070
0.800
0.275
0.025
3.020
0.050
0.785
2.050
0.220
0.060
0.155
0.080
0.940
0.985
1.330
0.170
0.715
0.410
2.780
1.620
0.040
1.350
0.390
1.590
0.300
6.820
0.400
4.740
0.380
0.335
7.800
0.585
0.510
0.500
0.105
0.030
0.395
0.400
0.055
3.450
0.815
0.515
1.010
1.030
0.680
0.580
0.535
1.280
1.800
1.020
0.085
0.620
3.660
1.620
1.100
0.050
0.210
0.580
1.190
0.890
0.060
6.910
1.790
0.670
6.870
0.065
21.980
4.180
1.700
1.510
1.620
0.505
0.310
0.930
0.340
0.600
0.635
0.100
1.250
0.660
5.690
0.440
0.790
4.030
6.700

+/
(RM)
-0.005

-0.005
UNCH
UNCH
UNCH
-0.010
-0.040
0.010
-0.010
-0.050
-0.015
-0.010
0.020

-0.040
-0.010

-0.020

-0.020
-0.010
-0.020
-0.010
-0.060
UNCH
-0.020
-0.010
UNCH
-0.030

-0.010
-0.050
0.020
UNCH
-0.050
-0.010
-0.020
-0.015
-0.005
-0.040

UNCH
-0.040
UNCH
-0.005
0.005
-0.005
-0.090
-0.025
0.010
-0.040
-0.010
-0.005
-0.015
-0.005

-0.055
UNCH
-0.020
-0.030
-0.010
-0.030
-0.050
UNCH
-0.010
0.005
-0.015
UNCH
-0.010
UNCH
-0.005
-0.035
-0.025
-0.040

-0.030
-0.015
-0.005
-0.010

-0.050

UNCH
-0.070
-0.005

-0.015
-0.005
-0.005

-0.010
-0.040
-0.010
UNCH
-0.020
-0.030
-0.020
-0.005
-0.030
-0.005
-0.050
-0.005
-0.050

-0.020
-0.040

-0.110
-0.015
-0.015
-0.005
UNCH
0.005
-0.005
-0.005
UNCH
-0.030
-0.025
-0.035
UNCH
-0.030

-0.030

-0.030
0.005
UNCH
-0.080
-0.060
-0.040

-0.005
-0.010
-0.040
-0.040
0.005
-0.040
-0.060
-0.005
0.020
-0.005
-0.040
-0.010
-0.010
-0.010
-0.030

0.005
-0.015

-0.020
-0.005
-0.005

-0.050

-0.005
-0.010
-0.090
0.030

VOL
(000)
874

51.4
567.8
4.2
779.5
59.9
839.1
2498.8
4.5
11.2
974.4
332.4
69.5

1
36.8

188.9

217.8
442.2
627.9
263.9
428.5
1118
151
17.5
131
25.4

770.8
131.7
10
735
1263.9
50
240
2088.2
686.8
4039.8

17
2
45.5
101.1
19885.4
120
7
53.5
56.2
7864.1
1313.5
588.9
33
779.3

5782.5
79.8
94.8
73
217.4
29.9
1302.4
5
46
613.5
448
160
2
42.2
509.1
150
448
1494.2

5756.6
1684.6
9553.5
50560.1

35.7

931.5
60.2
1680.4

25
4820.3
387.5

2527.2
3420
455.5
36
16.9
327.3
40.2
10065.3
115.1
15786.1
115.5
285.1
475.5

91.8
58.9

80.2
949.6
675.7
684.5
589.1
496.2
1349.6
184.4
3272.3
35.9
3803.3
5
52.6
443

3318.3

1716.1
2688.2
499.9
91.2
5
5360.2

950.8
592.6
574.4
35
5
10889.9
1180
89
93
161
1354.5
71.8
506.5
46.2
12379.9

10
38.3

880.3
460.5
2494.8

186.1
454
53.5
84.5

VWAP*
(RM)

PE#
(X)

DY
(%)

0.164

25.14
0.507

0.756 15.46
0.120

0.952 43.44
0.349

2.019

0.206

0.965

3.400 16.44
0.868
6.59
0.718
6.59
0.878

2.000

0.438

0.922 16.14
25.19
1.512 11.57
0.336 30.26
0.317
6.84
0.224

3.346
8.49
0.023
1.18
1.954 12.21
0.871 11.25
1.750 13.71
1.539
4.80

1.647
7.85
1.784 17.80
0.980

0.055

3.630 24.53
0.218

1.464 11.95
0.678
5.12
0.702 13.64
2.012 10.11

0.854 15.86
0.280

2.202 27.41
0.356 12.12
0.298

0.294

0.340

0.385 30.74
1.147 16.29
1.192

0.570
7.25
0.818
5.33
0.947

0.600
4.86

0.993
9.17
0.701
8.43
1.078 20.08
2.336
5.90
0.517 13.06
2.096
9.95
1.562
5.72
1.408

1.548 10.44
0.041

0.607

0.095

0.270

0.212 26.92
0.096

0.846 26.50
0.303

4.749 30.98
29.68
1.316
7.47
0.965 12.14
0.299

0.288

6.82
0.832 15.90
27.23
0.025

3.063 29.70
0.050

461.76
17.63
0.220

0.060
9.84
0.155

28.66
0.970 11.95
1.324 23.79
0.170 18.89
0.716
7.98
0.410

2.798 10.37
1.629 13.52
0.040

1.355

0.388 31.20
1.572 24.05
0.298

6.767 21.60

4.750 28.74
0.395 15.77

7.804 43.33
0.582
7.63
0.512
8.43
0.490
7.65
0.100

0.026

0.394

0.391
2000
0.055

3.481 10.80
0.811

0.515
9.55
1.000

1.011 10.13

0.578 15.89
30.23

8.93
10.98
1.011
5.26
0.080

0.607
9.57
3.687 13.26
1.620 14.56
1.082 12.87

0.211

0.574 11.26
1.184
8.45
0.896 10.47
0.060

6.888 21.07
1.770 18.14
0.668
7.68
6.760 12.97
0.067

21.983 25.76
4.160
6.69
1.696 17.36
1.492 12.75
1.590 14.81

0.310 14.09
0.931
7.13
73.91
0.603
7.22
0.634 22.84
0.100 34.48

6.93
0.687 26.29

0.434 11.89
0.787 11.17
4.050 23.59
6.615
9.94

1.95

5.21

6.74
5.04
2.59
2.67
4.40

1.63

2.60

1.18

3.05
5.75
1.71

5.12
2.22

1.24

2.05

3.92

7.06

2.50

3.45
1.68
3.62

4.03
1.67
1.02
0.70
2.34
6.41
2.38
7.21
9.55
10.56

3.57

4.17

1.69

2.84
4.66
0.98

3.27
1.88

0.99

1.71

1.94

3.19
1.52
0.98
2.35
2.10

0.72
3.70

2.96

1.89

1.76

2.11
2.11

2.56
3.42
7.84
3.00

4.35
0.80
1.94

1.94

1.87
4.69
3.33

1.85

3.45
4.20
3.37

2.46
2.23
4.48
5.82

2.73
4.78
1.41
2.65
2.27

3.33
0.79

2.73
3.80
1.24
2.23

MKT CAP
(MIL)
44.6
81.0
66.6
234.5
7.0
129.0
74.4
1,055.9
62.8
108.9
679.4
104.4
200.1
65.8
57.7
496.9
22.6
29.1
474.7
121.2
289.0
56.7
31.4
26.9
649.5
34.0
1,060.3
398.1
210.0
69.0
45.5
497.2
197.8
44.9
24.3
3,900.0
11.1
776.1
95.2
393.9
775.2
0.5
85.0
21.0
606.6
37.1
54.1
79.3
4.2
83.3
191.4
2,300.6
101.8
173.5
154.4
106.1
99.6
833.7
158.1
91.1
518.1
51.5
510.1
162.0
265.0
124.0
242.2
66.3
93.1
36.3
70.1
50.2
233.4
31.8
7,779.1
183.0
664.5
193.4
393.1
406.7
43.5
223.0
22.0
28.1
1,446.9
45.4
86.7
164.0
29.4
56.5
69.7
13.9
119.2
245.1
1,295.0
80.9
70.8
25.4
1,234.8
252.1
42.0
348.0
840.9
108.2
37.4
4,361.2
22.6
1,713.4
36.5
50.2
6,627.6
145.4
183.6
155.0
33.8
41.8
283.6
51.2
95.3
143.5
199.3
28.1
42.5
94.8
30.2
130.8
37.5
51.4
216.0
214.2
59.1
136.2
366.0
494.2
311.9
2.8
72.8
112.7
189.6
67.0
56.8
55,280.0
336.5
86.9
682.2
36.4
43,492.5
1,128.6
652.9
120.8
5,977.1
66.4
49.6
102.2
114.6
110.6
189.0
65.5
72.5
27.7
497.6
60.4
181.1
551.8
843.5

2 6 Markets

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH EEDGE F I N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

1.067 0.853 0.915


0.915
1.800 1.170 1.230
1.170
3.607 2.713 3.390
3.250
0.940 0.610 0.610
0.610
6.990 6.010 6.670
6.500
0.475 0.280

0.320 0.135 0.165


0.165
1.304 0.681 0.730
0.705
0.310 0.180 0.230
0.180
0.655 0.250

6.350 2.600 3.060


3.020
0.673 0.410 0.435
0.425
0.710 0.480 0.650
0.650
1.440 1.083 1.330
1.290
3.073 1.699 2.330
2.330
0.818 0.587

1.430 0.690 1.250


1.190
0.425 0.175 0.215
0.210
2.240 1.400 1.420
1.420
2.504 1.570 1.790
1.720
2.570 1.673 2.420
2.330
3.501 2.010 2.170
2.110
4.730 3.410 3.570
3.460
0.545 0.240 0.405
0.390
0.825 0.285 0.305
0.285
15.100 13.700 13.840 13.700
14.940 14.940

0.190 0.090 0.125


0.120
0.455 0.220 0.375
0.325
2.350 1.020 2.250
2.060
1.720 0.955

0.495 0.285 0.400


0.375
4.515 2.046 4.080
3.930
2.499 1.365 1.880
1.780
0.800 0.600

2.294 1.540 1.720


1.630
2.090 1.733 2.040
1.940
6.940 4.200 4.850
4.800
0.695 0.510 0.530
0.510
0.270 0.145 0.165
0.165
1.830 1.374 1.810
1.750
6.813 3.450 3.530
3.450
1.460 0.822 1.330
1.250
1.700 0.610 1.330
1.280
1.633 1.130 1.430
1.370
1.167 0.631 0.875
0.840
0.485 0.290 0.470
0.430
2.108 1.402 1.610
1.590
2.781 1.793 1.910
1.880
0.740 0.490 0.665
0.660
0.600 0.405 0.560
0.520
2.345 1.950 2.000
1.950
1.506 0.980 1.060
1.030
1.180 0.830 1.100
1.060
1.080 0.790 0.845
0.840
0.400 0.160 0.285
0.255
0.750 0.450 0.505
0.505
CONSTRUCTION
0.470 0.295 0.300
0.300
0.752 0.539 0.620
0.600
0.738 0.572 0.630
0.630
0.630 0.365 0.380
0.365
0.510 0.360 0.460
0.430
0.959 0.791 0.820
0.815
1.054 0.805 0.950
0.915
1.818 1.500

2.000 0.959 1.900


1.810
2.430 0.913 2.430
2.260
0.625 0.481 0.580
0.550
3.292 1.621 2.660
2.500
4.950 4.129 4.900
4.820
1.200 0.780 0.915
0.865
1.140 0.740 0.770
0.740
1.240 1.240

1.290 1.290

2.103 1.601 1.720


1.690
3.566 3.066 3.280
3.240
0.804 0.600 0.620
0.600
0.710 0.480 0.680
0.630
1.280 0.805 1.030
0.990
0.345 0.195 0.330
0.305
2.487 1.386 2.260
2.170
2.260 1.249 2.220
2.080
1.540 1.010

1.270 0.660 1.040


0.955
0.450 0.240 0.330
0.300
1.470 0.983 1.340
1.280
0.895 0.350 0.810
0.780
0.440 0.210 0.355
0.335
1.520 0.910 0.935
0.910
2.465 2.034 2.280
2.190
0.480 0.322 0.470
0.445
1.393 1.150 1.240
1.150
1.783 1.327 1.550
1.510
0.150 0.105 0.115
0.110
3.780 3.095 3.420
3.380
0.912 0.405 0.540
0.505
1.740 1.203 1.670
1.560
0.475 0.300 0.345
0.320
0.513 0.327 0.420
0.415
2.400 1.140 1.680
1.570
0.728 0.440 0.475
0.455
0.150 0.100 0.130
0.130
1.050 0.820 0.910
0.890
1.920 1.293 1.830
1.730
0.865 0.550 0.590
0.590
0.300 0.145 0.160
0.145
TRADING SERVICES
0.495 0.175 0.440
0.410
0.507 0.195 0.210
0.195
3.000 2.434 2.850
2.810
0.245 0.165 0.180
0.165
3.300 1.238 2.820
2.690
7.300 4.978 6.510
6.430
0.495 0.210 0.225
0.210
0.260 0.075 0.255
0.250
9.591 8.000 8.250
8.000
2.780 1.824 2.350
2.340
0.345 0.040

1.145 0.641 0.695


0.660
0.150 0.105 0.110
0.105
2.979 2.326 2.810
2.700
5.200 4.056 4.810
4.780
0.910 0.353 0.800
0.755
6.283 4.670 4.900
4.670
0.425 0.232 0.320
0.290
0.975 0.640 0.665
0.645
2.408 1.722 2.270
2.170
0.570 0.375 0.425
0.405
0.375 0.170 0.180
0.170
7.004 6.380 6.500
6.500
2.000 1.065 1.700
1.680
0.440 0.315 0.330
0.320
2.599 1.230 1.760
1.680
0.855 0.570 0.700
0.685
0.425 0.330

3.379 2.787 3.130


3.090
0.200 0.160 0.170
0.160
1.100 0.700 0.730
0.700
2.727 1.788 2.160
2.100
0.795 0.280 0.315
0.280
2.140 1.380 1.400
1.380
3.872 2.926 3.060
3.000
1.050 0.749 0.930
0.900
0.508 0.380 0.440
0.410
0.560 0.385 0.480
0.430
0.105 0.065 0.070
0.065
0.910 0.700 0.715
0.710
0.055 0.030 0.035
0.030
2.250 1.522 2.210
2.090
1.390 0.790 1.350
1.270
0.115 0.055 0.060
0.055
1.700 0.730 0.770
0.730
1.280 0.854 0.965
0.940
0.895 0.525 0.840
0.810
1.659 1.460 1.530
1.490
6.670 3.604 6.090
5.850
0.310 0.190 0.265
0.245
1.673 1.047 1.390
1.320
0.380 0.190 0.205
0.190
1.356 0.650 0.670
0.650
0.340 0.210

0.295 0.180 0.200


0.180
3.980 2.910 3.340
3.300
0.366 0.220 0.265
0.240
* Volume Weighted Average Price

CODE

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

YEAR
HIGH

0.005
-0.020
-0.100
UNCH
-0.060

-0.010
UNCH
UNCH

-0.030
UNCH
UNCH
-0.020
UNCH

UNCH
UNCH
-0.060
UNCH
-0.030
-0.070
-0.020
-0.015
UNCH
-0.100

-0.005
0.045
-0.070

UNCH
-0.040
-0.120

-0.020
0.050
UNCH
-0.040
-0.005
-0.020
-0.060
-0.050
-0.010
-0.030
-0.015
-0.010
-0.010
-0.010
-0.015
-0.020
UNCH
-0.020
-0.020
-0.010
-0.045
-0.005

0.1
459.5
185.4
1
392.6

24.5
1441.8
3837.9

128.4
103
7
992.8
2

355.5
120
6
271.8
342.7
1197.2
234
806.9
97.5
44.4

273.2
20.1
358

148.1
301.1
1043.7

566.3
21
957.2
30
16
968.5
58.7
66
1665.6
3414.7
1068.5
420.2
209.3
98.9
50.9
79.3
13.8
1742.9
448.3
347.4
9799.6
2

0.915
1.197
3.310
0.610
6.553

0.165
0.716
0.211

3.046
0.431
0.650
1.304
2.330

1.202
0.212
1.420
1.769
2.367
2.118
3.517
0.395
0.294
13.745

0.122
0.328
2.163

0.377
3.962
1.839

1.668
1.981
4.816
0.520
0.165
1.783
3.509
1.313
1.313
1.391
0.853
0.449
1.593
1.901
0.661
0.532
1.972
1.036
1.081
0.843
0.272
0.505

8.95
15.98
20.11

12.46

37.44

6.01
9.45

17.73
23.65

8.88
10.02
15.32
9.27

25.00

8.29

7.80
5.70
37.36
11.07
19.39
16.78
28.18
91.67
14.30
14.95
10.23

13.74

8.36
17.43

17.14
20.58
8.87
16.22
15.67

6.56
4.96
2.74

2.42

4.11

2.79

2.67
1.29
3.97

4.49
2.31
2.83
3.54

7.29
7.36

1.49
8.35

4.94
4.90
2.47
1.96

5.89
3.40
2.29

2.79
1.75

1.88
4.84

5.00
2.39
1.53
2.38

66.6
383.6
433.0
44.9
3,036.0
26.7
56.4
171.8
100.0
24.0
906.0
80.6
26.0
1,545.9
576.3
28.2
518.8
19.3
296.8
213.6
190.4
1,441.9
1,570.3
193.4
54.9
1,696.1
5.0
18.6
24.1
87.4
49.7
59.7
463.8
272.1
57.9
279.1
321.2
6,086.3
54.6
37.7
794.2
512.6
104.8
154.9
1,647.6
662.5
38.0
213.3
630.2
60.5
21.6
480.0
500.6
380.2
134.4
94.1
52.0

3.23
6.35
1.89
4.49
3.51
4.37
1.97
1.90
1.28
2.25
2.75
2.47

2.02
1.16
1.40
2.15
1.63

1.78
2.70

1.75

3.79

2.19
2.13
4.03
5.88

5.85
0.95
2.78

1.55

1.67

14.6
299.8
191.4
300.4
108.1
283.3
161.9
140.9
984.4
2,010.3
201.3
659.5
11,750.7
351.8
262.5
8.4
23.3
996.4
11,707.4
319.8
115.3
438.4
62.0
1,143.7
667.1
206.1
120.0
22.1
884.0
69.9
78.8
505.5
1,099.2
307.7
113.2
520.0
34.9
560.0
406.4
2,094.5
110.5
201.8
107.1
80.2
37.9
902.5
2,264.8
70.3
126.7

48.78
1.40

1.42
1.32

3.75
1.28

1.22
2.38
4.93
5.59
1.27
3.62
3.28
3.01
4.53

3.69

3.08
3.13

5.81

6.69

1.07
1.67
4.40
1.83
1.23
4.29
4.23

2.30

4.67
5.03

1.45
1.56
3.84
2.17

3.44

4.49

1,783.7
84.0
4,001.4
28.8
7,848.0
10,668.6
198.8
59.9
1,315.1
140.5
21.5
3,930.4
69.7
14,169.9
1,220.1
206.1
42,164.3
116.0
548.7
2,570.4
192.5
37.6
2,990.0
527.1
1,600.2
665.8
3,450.2
91.7
4,188.2
499.8
165.4
4,317.5
73.7
304.8
302.2
349.9
52.3
78.4
50.4
86.9
74.7
548.9
193.7
111.2
657.8
378.0
958.8
8,096.5
960.1
433.2
1,863.0
50.4
330.1
12.9
60.7
2,777.6
184.4

0.900
1.544
1.380
0.802
0.513
1.434
0.270
0.290
2.800
1.800
4.970
9.850
2.820
0.480
3.886
0.410
7.850
1.412
3.720
0.015
0.455
6.759
0.920
1.143
1.969
0.285
0.430
0.395
1.897
0.400
1.526
4.349
1.380
0.650
0.275
0.460
0.350
0.735
1.849
2.587
1.756
0.165
6.720
1.000
2.759
1.450
1.498
0.775
0.865
2.350
1.340
9.050
2.450
0.524
0.090
0.205
0.304
2.520
0.930
0.115
0.937
0.860
2.027
0.145
2.750
0.464
0.617
1.066
1.384
0.135
1.381
1.550
0.330
0.220
1.762
25.801
0.250
6.617
0.215
0.370
4.170
3.259
2.930
0.210
1.127
0.250
0.450
0.668
1.510
0.570
0.145
2.395
0.220
0.300
1.310
1.356
1.970
8.330
0.930
2.290
1.518
2.607
2.950
0.155
2.608
0.420
1.616
1.868
14.900
1.850
0.390
0.240
6.840
0.990
1.760
0.550
3.250
1.081
2.989
1.270
1.265
0.650
2.320
0.815
2.909
0.530
4.590
1.300
0.065
3.144
1.240
1.715
FINANCE
14.849
2.366
4.296
10.903
10.594
4.643
1.873
4.400
9.430
5.100
0.500
1.237
13.493
10.100
16.300
2.660
0.868
0.955
0.245
0.590
17.000
0.980
3.200
8.658
1.355
2.366
1.640
1.401
20.100
1.400
6.217
0.630

7811
5170
7247
9237
4731
7239
7366
7073
5145
5163
4324
5181
7115
7155
7248
7132
5665
7143
6904
7207
7235
7106
5012
4022
5149
4448
4448P
5178
7097
7439
9741
6378
7034
7374
7854
7285
5010
7113
7173
4359
7100
7133
7227
4995
6963
5142
7226
7111
7231
7050
7025
5009
4243
7245
5048
7020
7014

SAPIND
SCABLE
SCGM
SCIB
SCIENTX
SCNWOLF
SCOMIEN
SEACERA
SEALINK
SEB
SHELL
SIGGAS
SKBSHUT
SKPRES
SLP
SMISCOR
SSTEEL
STONE
SUBUR
SUCCESS
SUPERLN
SUPERMX
TAANN
TADMAX
TAS
TASEK
TASEK-PA
TATGIAP
TAWIN
TECGUAN
TECNIC
TEKALA
TGUAN
TIENWAH
TIMWELL
TOMYPAK
TONGHER
TOPGLOV
TOYOINK
TURIYA
UCHITEC
ULICORP
UMSNGB
VERSATL
VS
WASEONG
WATTA
WEIDA
WELLCAL
WONG
WOODLAN
WTHORSE
WTK
WZSATU
YILAI
YKGI
YLI

0.915
1.210
3.280
0.610
6.600
0.305
0.165
0.730
0.200
0.300
3.020
0.430
0.650
1.310
2.330
0.630
1.230
0.215
1.420
1.780
2.380
2.120
3.530
0.395
0.305
13.720
14.940
0.120
0.375
2.180
1.230
0.390
4.030
1.880
0.650
1.700
2.040
4.850
0.510
0.165
1.790
3.530
1.310
1.320
1.400
0.855
0.450
1.600
1.900
0.660
0.540
2.000
1.040
1.090
0.840
0.270
0.505

7007
7078
6173
5190
5932
8761
8591
7528
5253
8877
7047
9261
5398
5226
5169
5169PA
5169PB
6238
3336
5268
8834
4723
9083
7161
5171
9628
5129
5006
9571
7595
5924
5085
5703
8311
7055
5070
7145
9598
5205
5263
9717
5054
5622
5042
7070
3565
9679
7028
2283

ARK
AZRB
BDB
BENALEC
BPURI
BREM
CRESBLD
DKLS
ECONBHD
EKOVEST
FAJAR
GADANG
GAMUDA
GBGAQRS
HOHUP
HOHUP-PA
HOHUP-PB
HSL
IJM
IKHMAS
IREKA
JAKS
JETSON
KERJAYA
KIMLUN
LEBTECH
MELATI
MERGE
MITRA
MLGLOBAL
MTDACPI
MUDAJYA
MUHIBAH
PESONA
PLB
PRTASCO
PSIPTEK
PTARAS
SENDAI
SUNCON
SYCAL
TRC
TRIPLC
TSRCAP
VIZIONE
WCEHB
WCT
ZECON
ZELAN

0.300
0.620
0.630
0.370
0.445
0.820
0.915
1.520
1.840
2.350
0.555
2.550
4.850
0.900
0.750
1.240
1.290
1.710
3.250
0.615
0.675
1.000
0.330
2.250
2.150
1.510
1.000
0.330
1.320
0.780
0.340
0.915
2.280
0.470
1.240
1.530
0.110
3.420
0.525
1.620
0.345
0.420
1.580
0.460
0.130
0.900
1.800
0.590
0.150

-0.010
0.5
-0.005
590.5
UNCH
43.6
-0.010
603.9
-0.020 1743.3
UNCH
104.1
-0.015
123.3

-0.070 2576.3
0.100 17993.8
-0.020
809.1
-0.090 11753.9
-0.050 1325.6
0.005 2064.6
-0.020
668.7

-0.020
376.6
-0.020 2336.7
UNCH
800.3
-0.015
39.1
-0.030
1600
-0.005
338.6
-0.010
695.3
-0.070
794.3

-0.030
480.1
0.015
15.1
-0.030
918
-0.020
82.9
-0.015
721.5
-0.030
249.5
0.050 2461.5
UNCH 3839.8
UNCH
4
-0.020
248.1
UNCH
200
UNCH
147.7
UNCH 6208.2
-0.030 2212.7
0.010 7226.6
-0.005
247.2
-0.100
297.7
UNCH
106.5
UNCH
298.2
-0.010
890.4
-0.030 4194.8
UNCH
89.6
-0.005 2220.1

0.300

0.613 14.76
0.630
7.29
0.371 17.05
0.440 36.78
0.819 24.70
0.925 21.23

6.23
1.847 14.58
2.341 12.93
0.565 15.55
2.541
6.65
4.843 18.67
0.902

0.750
3.42

1.702 13.83
3.253 20.30
0.607 13.70
0.655

1.001
9.52
0.319

2.211
6.19
2.142
7.65

0.984
3.96
0.310

1.307
8.71
0.791
6.74
0.342

0.920

2.203 11.61
0.457 18.43
1.173 49.21
1.518
8.07
0.112 11.58
3.411 31.23
0.521

1.609 18.16
0.337 12.15
0.418
8.79
1.612
4.73
0.462 54.76
0.130 433.33
0.896 36.44
1.776 11.48
0.590
2.26
0.149

5238
5166
6599
7315
5099
5014
5115
0159
6351
7083
5194
5210
1481
6399
7048
7579
6888
5021
7251
5248
7241
6998
5032
5275
3395
5196
4219
6025
1562
7036
9474
2771
5257
5245
2925
7117
7209
7016
5104
5136
5037
5184
5276
0091
5141
5132
7212
7277
5908
4456
5216
2097
5259
5036
7471
1368
0064

AAX
AEGB
AEON
AHB
AIRASIA
AIRPORT
ALAM
AMEDIA
AMWAY
ANALABS
APFT
ARMADA
ASB
ASTRO
ATLAN
AWC
AXIATA
AYS
BARAKAH
BAUTO
BHS
BINTAI
BIPORT
BISON
BJCORP
BJFOOD
BJLAND
BJMEDIA
BJTOTO
BORNOIL
BRAHIMS
BSTEAD
CARIMIN
CARING
CCB
CENTURY
CHEETAH
CHUAN
CNI
COMPLET
COMPUGT
CYPARK
DANCO
DAYA
DAYANG
DELEUM
DESTINI
DIALOG
DKSH
DNEX
DSONIC
EASTLND
EATECH
EDARAN
EDEN
EDGENTA
EFFICEN

0.430
0.205
2.850
0.180
2.820
6.430
0.215
0.250
8.000
2.340
0.045
0.670
0.105
2.720
4.810
0.785
4.700
0.305
0.665
2.240
0.420
0.175
6.500
1.700
0.325
1.760
0.690
0.390
3.100
0.165
0.700
2.130
0.315
1.400
3.000
0.910
0.410
0.465
0.070
0.710
0.035
2.170
1.300
0.060
0.750
0.945
0.830
1.520
6.090
0.250
1.380
0.205
0.655
0.215
0.195
3.340
0.260

-0.005
-0.010
UNCH
UNCH
UNCH
-0.090
-0.005
-0.005
UNCH
-0.010

-0.020
-0.005
-0.090
-0.040
0.005
-0.140
-0.015
0.005
-0.020
-0.005
UNCH
-0.260
0.010
-0.005
0.010
-0.010

-0.010
UNCH
-0.030
-0.010
-0.005
UNCH
-0.060
-0.020
-0.040
-0.015
-0.005
-0.015
UNCH
UNCH
-0.040
0.005
-0.030
-0.030
-0.015
UNCH
-0.060
-0.005
-0.020
-0.005
-0.015

UNCH
UNCH
-0.005

0.421
0.201
2.834
0.166
2.764
6.453
0.213
0.255
8.052
2.345

0.673
0.110
2.732
4.806
0.781
4.729
0.303
0.652
2.217
0.414
0.177
6.500
1.686
0.323
1.694
0.690

3.107
0.166
0.701
2.111
0.292
1.390
3.014
0.908
0.437
0.450
0.066
0.711
0.034
2.139
1.292
0.056
0.747
0.950
0.820
1.515
6.002
0.252
1.352
0.201
0.654

0.192
3.304
0.253

58436.6
417.1
722.4
22
17199.3
1839.2
1884
4103
8
36.6

21824.8
298.3
1164
2.3
3474.1
4491.1
684.2
51
2600
824.8
267
5
120.4
8481.6
352.9
100.5

392.7
21119
112.8
252
33.4
20
106.9
2902.1
11
207.8
848.5
74.7
800
1612.7
2515.1
462.5
1547.9
481.6
5574.1
8083.6
79.9
17158.2
3934
239.6
1174.7

168
30.7
1566.4

# PE is calculated based on latest 12 months reported Earnings Per Share

72.88

34.46
15.52
5.74

11.08

32.00
9.69

22.28
24.04
11.63
21.44
7.28
73.89
13.72

21.15

32.84

14.15
16.02

23.85
21.28
43.61
6.34
15.27
18.98
36.05

5.47
20.59
11.39
12.75

8.88
11.33
21.96
26.62
20.74
1.99
26.04

7.07

25.23
4.28

YEAR
LOW

DAY
HIGH

DAY
LOW

0.772

1.068 1.300
1.250
1.090 1.230
1.190
0.550 0.580
0.565
0.395 0.410
0.395
1.102 1.200
1.180
0.125 0.140
0.135
0.110 0.190
0.170
2.083 2.590
2.490
1.452 1.690
1.690
3.977 4.780
4.680
6.875 7.990
7.710
1.140 2.700
2.500
0.300 0.390
0.300
2.092 3.750
3.470
0.210 0.220
0.220
5.800 7.820
7.710
0.850 0.885
0.850
2.665 3.450
3.420
0.005 0.005
0.005
0.295 0.325
0.320
6.191 6.390
6.300
0.725 0.905
0.865
0.780 0.830
0.780
1.340 1.600
1.590
0.210 0.250
0.235
0.305

0.180 0.230
0.220
1.630 1.770
1.720
0.226 0.255
0.245
1.120

4.060 4.200
4.170
0.923 1.260
1.200
0.460 0.515
0.505
0.125 0.130
0.125
0.232 0.360
0.340
0.250 0.300
0.290
0.445 0.480
0.450
1.376 1.540
1.500
2.162 2.310
2.270
1.390 1.450
1.390
0.136 0.155
0.150
5.270 5.950
5.650
0.510 0.750
0.725
1.891

0.800 1.100
1.080
1.141 1.250
1.200
0.547 0.680
0.670
0.570

1.618 2.280
2.210
0.875 0.985
0.960
6.789 7.240
7.200
1.580 2.400
2.320
0.255 0.260
0.255
0.060 0.080
0.080
0.125 0.130
0.125
0.195 0.210
0.205
2.100 2.410
2.270
0.610 0.910
0.880
0.065 0.080
0.075
0.660

0.632 0.810
0.785
1.256 1.990
1.920
0.080 0.080
0.080
1.890 2.330
2.220
0.392 0.405
0.395
0.530 0.545
0.535
0.715 0.750
0.735
1.031 1.140
1.130
0.055 0.065
0.060
0.910 0.955
0.920
1.540

0.040 0.050
0.040
0.135 0.140
0.140
1.440 1.670
1.610
21.915 23.740 23.220
0.030

5.412 5.550
5.530
0.125 0.140
0.130
0.205 0.315
0.300
1.968 4.130
3.970
1.690 2.340
2.250
1.830 1.850
1.830
0.155 0.165
0.155
0.774 0.945
0.915
0.150 0.250
0.215
0.320 0.330
0.330
0.528 0.600
0.575
0.616 1.340
1.250
0.400 0.415
0.415
0.105 0.115
0.115
1.822 2.160
2.100
0.105 0.115
0.105
0.150 0.155
0.150
0.978 1.040
1.040
1.090 1.110
1.100
1.293 1.750
1.730
6.947 8.280
7.990
0.700

1.290 1.560
1.470
1.260 1.300
1.280
2.130 2.470
2.420
2.242

0.050 0.055
0.050
1.820 2.080
2.000
0.245 0.255
0.250
1.159 1.530
1.500
1.372 1.560
1.540
12.510 14.360 14.200
1.323 1.600
1.570
0.275 0.295
0.295
0.060 0.145
0.130
6.096 6.550
6.450
0.555 0.980
0.945
1.095 1.710
1.640
0.330

2.520

0.765 0.780
0.770
2.500

0.815 0.835
0.815
1.006 1.090
1.070
0.400

1.610 1.620
1.620
0.480 0.670
0.670
1.890

0.410

3.501 4.420
4.250
0.916 1.250
1.210
0.030

2.376 3.000
2.870
0.630 1.200
1.160
1.367 1.590
1.550
10.305
2.074
3.018
9.702
9.572
3.950
1.450
3.170
7.748
3.726
0.310
1.150
12.649
7.327
12.497
2.020
0.635
0.851
0.105
0.460
13.833
0.500
2.690
7.500
0.685
1.595
1.310
1.251
17.201
0.667
4.514
0.450

14.320
2.200
3.900
10.000

4.150

4.330
8.680
4.890
0.390
1.170
13.260

15.400

0.710
0.940
0.185
0.475
16.800
0.900
3.200
7.960
0.925
2.050
1.350
1.320
19.840
1.380
4.750
0.485

13.900
2.150
3.790
9.990

4.040

4.220
8.550
4.710
0.390
1.160
13.100

15.200

0.675
0.940
0.175
0.460
16.720
0.890
3.000
7.790
0.890
1.900
1.340
1.310
19.660
1.290
4.590
0.455

CODE
5081
5208
5056
6939
9318
7210
0128
9377
5209
0078
4715
3182
3204
7676
7668
7253
3034
2062
5008
7013
5255
5225
5614
5673
0058
8923
8672
5079
6491
0151
5035
5878
5843
9121
4847
6874
7170
8486
5143
3859
5264
3514
6012
5077
5983
7189
4502
5090
7234
3069
5186
3816
2194
0059
0043
3891
3905
0138
9806
4464
5533
0172
5201
3018
5260
8419
5125
5657
5041
6254
5133
7108
0047
7080
5219
5681
7027
7081
7201
7163
4634
5204
8346
0186
5272
0037
8885
8567
5147
7185
9113
0099
7158
7045
7053
9792
5250
4197
9431
5218
5242
6084
9865
1201
6521
5173
8524
5140
5347
8702
7228
7206
4863
0101
8397
7218
5711
5167
7137
5243
7091
5754
7250
7240
5016
7692
5246
5267
7122
7293
7066
4677
5139
5185
2488
1163
1163PA
1015
5088
5258
1818
1023
2143
5228
5819
5274
1082
6688
3379
3379PA
3441
6483
8621
1198
1058
1155
1171
6459
5237
6009
1295
9296
1066
4898

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

EIG
EITA
ENGTEX
FIAMMA
FITTERS
FREIGHT
FRONTKN
FSBM
GASMSIA
GDEX
GENM
GENTING
GKENT
GUNUNG
HAIO
HANDAL
HAPSENG
HARBOUR
HARISON
HUBLINE
ICON
IHH
ILB
IPMUDA
JCBNEXT
JIANKUN
KAMDAR
KBES
KFIMA
KGB
KNUSFOR
KPJ
KPS
KPSCB
KTB
KUB
LFECORP
LIONFIB
LUXCHEM
MAGNUM
MALAKOF
MARCO
MAXIS
MAYBULK
MBMR
MBWORLD
MEDIA
MEDIAC
MESB
MFCB
MHB
MISC
MMCCORP
MMODE
MTRONIC
MUIIND
MULPHA
MYEG
NATWIDE
NICORP
OCB
OCK
OLDTOWN
OLYMPIA
OWG
PANSAR
PANTECH
PARKSON
PBA
PDZ
PENERGY
PERDANA
PERISAI
PERMAJU
PESTECH
PETDAG
PETONE
PHARMA
PICORP
PJBUMI
POS
PRESBHD
PRKCORP
PTRANS
RANHILL
RGB
RPB
SALCON
SAMCHEM
SAMUDRA
SANBUMI
SCICOM
SCOMI
SCOMIES
SEEHUP
SEG
SEM
SIME
SJC
SKPETRO
SOLID
STAR
SUIWAH
SUMATEC
SURIA
SYSCORP
TALIWRK
TASCO
TENAGA
TEXCHEM
TGOFFS
THHEAVY
TM
TMCLIFE
TNLOGIS
TOCEAN
TSTORE
TURBO
UMS
UMWOG
UNIMECH
UTUSAN
UZMA
VOIR
WARISAN
WIDETEC
WPRTS
XINHWA
YFG
YINSON
YONGTAI
YTL

0.900
1.250
1.210
0.570
0.410
1.190
0.135
0.190
2.550
1.690
4.680
7.800
2.630
0.390
3.670
0.220
7.820
0.885
3.420
0.005
0.325
6.350
0.890
0.830
1.600
0.245
0.305
0.230
1.750
0.255
1.160
4.190
1.250
0.515
0.125
0.345
0.295
0.450
1.510
2.300
1.400
0.155
5.910
0.730
2.600
1.080
1.250
0.670
0.680
2.250
0.975
7.200
2.380
0.260
0.080
0.125
0.210
2.350
0.880
0.075
0.750
0.800
1.950
0.080
2.270
0.395
0.540
0.740
1.130
0.065
0.935
1.540
0.045
0.140
1.620
23.400
0.055
5.540
0.140
0.315
4.000
2.320
1.850
0.160
0.945
0.230
0.330
0.600
1.270
0.415
0.115
2.140
0.110
0.155
1.040
1.110
1.750
8.200
0.720
1.480
1.300
2.440
2.400
0.055
2.080
0.250
1.530
1.550
14.280
1.600
0.295
0.140
6.490
0.980
1.680
0.470
2.960
0.770
2.780
0.815
1.090
0.400
1.620
0.670
1.970
0.420
4.330
1.220
0.030
2.890
1.190
1.580

-0.050
116.6
-0.030
286.3
UNCH
392
0.005
248.9
-0.010
35.9
-0.010
739
0.020
38.5
UNCH
45.6
-0.010
220.6
-0.070 2868.5
-0.210 4584.8
-0.050 5900.6
UNCH
340
-0.080 1036.5
-0.020
61
0.020
457
0.015
748.2
-0.160
4.5
-0.005
1839
-0.005
306.7
-0.020 3105.4
-0.010
286.6
-0.010
5.8
-0.020
8.8
-0.005
74

UNCH
37
-0.020
113.1
-0.010
568.3

-0.010 1851.3
UNCH
816.5
UNCH
260.9
-0.005
139.6
-0.015 3581.9
-0.005
913.8
-0.030
46.7
-0.030
330.9
-0.010
111.2
-0.040 5912.2
UNCH
1456
-0.010 1231.1
-0.015
476.7

UNCH
15
0.020 2735.5
-0.015
171.4

-0.030
505.9
-0.015
113.4
-0.010 1797.8
0.010
476.2
-0.005
383.1
UNCH
2378
-0.005
725
0.005 1250.3
-0.070 15740.4
-0.030
80
-0.005
923.7

-0.010 2568.4
-0.030
313.3
UNCH 2592.4
-0.100 3411.8
-0.010
44.5
-0.005
492.7
-0.015 1066.6
-0.020
253.5
UNCH 1016.5
-0.025
175.9

UNCH 10612.6
UNCH
15
-0.040 2014.7
0.040
783.6

UNCH
103.8
UNCH
171.1
-0.030
65
-0.090 2211.6
-0.020
343.8
-0.020
30.2
-0.005 7860.9
0.005
691
-0.015 162992.6
UNCH
15
0.005 1486.7
-0.050
222.8
-0.005
552
UNCH
200
-0.020
321.5
UNCH
1705
0.005
275.2
0.040
13.4
UNCH
629.6
UNCH
513.3
-0.110 14626.7

-0.080 23114.3
UNCH
35.7
-0.030
405.2

UNCH 10677.5
UNCH
109.2
-0.010
193
UNCH
348.1
0.010
7.5
-0.040 18842.5
UNCH
16.2
-0.020
19.9
-0.005
12153
-0.020 7656.7
0.010
1141
-0.020 1973.3

-0.010
30

-0.015 1989.4
UNCH
12.1

UNCH
10.7
UNCH
11

-0.070 4955.1
-0.030
751

-0.080 1354.5
UNCH 1374.2
-0.010 9938.2

1.272
1.206
0.569
0.401
1.183
0.138
0.179
2.528
1.690
4.696
7.799
2.612
0.354
3.573
0.220
7.785
0.858
3.430
0.005
0.321
6.344
0.875
0.811
1.598
0.242

0.224
1.741
0.249

4.191
1.233
0.508
0.129
0.347
0.296
0.458
1.510
2.279
1.410
0.154
5.840
0.732

1.088
1.218
0.674

2.234
0.975
7.213
2.344
0.259
0.080
0.130
0.207
2.329
0.896
0.080

0.792
1.948
0.080
2.252
0.401
0.540
0.740
1.132
0.064
0.933

0.045
0.140
1.621
23.373

5.539
0.136
0.311
4.010
2.297
1.838
0.160
0.927
0.227
0.330
0.583
1.273
0.415
0.115
2.149
0.110
0.150
1.040
1.103
1.746
8.162

1.490
1.282
2.449

0.054
2.021
0.251
1.507
1.547
14.279
1.577
0.295
0.137
6.483
0.953
1.664

0.780

0.816
1.082

1.620
0.670

4.322
1.219

2.897
1.171
1.576

10.99
7.13
7.65
5.60
42.71
10.40
84.38

28.65
63.53
20.32
25.76
14.66

17.97
7.36
18.16
6.30
17.01

51.42

9.31

8.43

33.95
4.45
4.42

18.35
27.57

8.89
19.56
14.69
9.45
22.45

17.87
38.99
11.46
2.95
10.38
6.61

11.45

11.26
9.09

4.94
39.36

41.67
12.89
14.63
15.39

40.39
11.65
10.53

8.49

21.20

21.80
31.32
4.01
20.67

29.76
75.32

13.44
13.14

30.38

17.19
73.33

4.85
56.63
34.05
21.19
21.88

39.63
13.63
20.24
9.32
10.68
36.76
21.67
10.16
10.94

29.74
88.29
7.82
60.26
31.86
15.98
12.61

13.89

53.11
98.53
81.07
18.75
24.87
14.99

13.95
19.16
17.97

3.89
3.20
0.62
4.39
1.46
4.20

3.44
0.59
1.56
0.45
2.21
1.54
4.09

3.20
2.26
4.39

0.47
2.81
3.61
2.19

5.14
1.96
1.72
1.62
3.20

1.45

4.64
5.65
3.93
4.52
3.38
1.37
2.31

5.60
6.73

3.11

4.51
1.60
2.31

0.51

1.33
0.75
3.08

5.06
3.70

3.32

2.14

1.08
2.56

4.51
4.36

2.93
1.51

1.90
2.17

3.33
2.36

4.21

4.33
11.71
1.31
3.29
1.39
0.91
1.23
7.38
1.46

3.37

5.23
2.90
2.03
9.38

3.30
0.14
2.98

1.27
6.49
2.16

3.06

3.30

3.02
1.23

0.69

6.01

210.8
162.5
377.2
302.0
197.0
215.0
142.2
25.5
3,274.2
2,337.7
27,790.0
29,250.2
987.6
92.1
742.0
35.2
19,469.3
354.4
234.2
63.3
382.6
52,270.9
158.4
60.1
224.0
37.2
60.4
29.0
493.0
56.7
115.6
4,454.0
623.8
76.1
50.3
192.0
53.6
104.2
415.6
3,306.8
7,000.0
163.4
44,385.8
730.0
1,015.8
99.2
1,386.5
1,130.4
28.6
904.3
1,560.0
32,139.3
7,247.2
42.3
60.7
366.6
718.8
5,649.9
52.9
64.8
77.1
697.2
903.3
81.9
551.3
110.6
332.9
809.5
374.3
56.5
300.8
1,198.8
56.7
27.4
1,213.4
23,246.8
2.8
1,436.9
92.1
15.8
3,131.1
1,122.9
185.0
182.9
839.5
303.6
283.3
406.6
172.7
77.1
26.0
760.7
210.9
363.0
54.3
830.4
2,158.4
54,476.1
29.2
8,868.4
216.2
1,802.1
146.4
212.6
599.4
300.0
1,850.5
310.0
80,590.8
198.6
112.6
157.0
24,389.0
1,698.6
707.3
19.3
202.8
83.2
113.1
1,762.0
141.7
44.3
471.3
88.4
132.4
18.8
14,765.3
219.6
18.3
3,158.2
190.8
17,225.1

AEONCR
AFFIN
AFG
ALLIANZ
ALLIANZ-PA
AMBANK
APEX
BIMB
BURSA
CIMB
ECM
ELKDESA
HLBANK
HLCAP
HLFG
HWANG
INSAS
INSAS-PA
JOHAN
KENANGA
LPI
MAA
MANULFE
MAYBANK
MBSB
MNRB
MPHBCAP
P&O
PBBANK
RCECAP
RHBBANK
TA

13.980
2.200
3.790
9.990
10.200
4.060
1.560
4.260
8.680
4.800
0.390
1.160
13.120
9.980
15.240
2.640
0.690
0.940
0.180
0.460
16.720
0.895
3.120
7.870
0.915
1.970
1.350
1.310
19.680
1.350
4.730
0.485

-0.340
66.2
0.040 1061.7
-0.100
526.4
-0.070
24.2

-0.100 1704.9

-0.040 1137.7
0.020
107.1
-0.060 25776.6
0.010
5
UNCH
108.8
-0.080
592.5

UNCH 1079.4

-0.015 1006.1
-0.015
39.6
-0.010 2848.5
-0.010
210
-0.160
27.3
-0.020
309
-0.080
17
-0.080 7636.1
-0.010 19040.4
-0.040
181.4
UNCH 1113.4
-0.020
42.5
-0.120 7100.8
-0.030 3223.4
UNCH 1469.4
0.025 2941.6

14.017
2.178
3.832
9.999

4.067

4.252
8.578
4.774
0.390
1.160
13.132

15.240

0.686
0.940
0.180
0.465
16.763
0.894
3.127
7.845
0.903
1.963
1.350
1.314
19.732
1.324
4.690
0.472

8.92
9.44
10.86
5.37

9.49
19.45
11.87
24.00
12.37
60.00
9.58
13.00
38.94
12.41
19.23
5.91

20.26
12.12
30.03
21.86
12.41
18.19

18.75
14.24
14.57
9.14
8.14

4.30
3.63
3.83
0.65
0.76
3.82
3.21
2.86
4.03
3.96

5.82
3.13
1.20
2.49
1.14
1.45
8.51

4.49
6.70
2.88
6.35
3.17

8.02
2.95
2.59
1.06
1.13

2,013.1
4,274.5
5,867.3
1,734.8
894.6
12,237.6
333.2
6,767.8
4,654.8
42,568.2
111.8
278.0
28,440.5
2,464.0
17,488.2
673.6
478.4
124.6
112.1
332.4
5,550.8
262.0
631.4
80,220.5
5,305.9
629.6
965.3
322.2
76,400.5
469.7
18,967.5
830.3

Markets 2 7

THU R S DAY N OV E MBE R 1 0 , 20 16 T HEED G E FINA NCIA L DA ILY

BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

4.440 3.654
1.720 1.063
PROPERTIES
0.925 0.750
1.200 0.760
0.472 0.381
0.230 0.150
0.630 0.415
0.665 0.440
0.980 0.710
1.250 0.900
1.887 1.394
1.629 1.201
2.430 2.110
1.080 0.605
1.838 1.364
0.335 0.225
1.510 1.200
0.900 0.590
2.286 1.700
0.895 0.710
0.563 0.443
0.898 0.700
0.448 0.361
0.656 0.300
1.459 1.040
0.600 0.380
1.432 1.160
0.660 0.442
1.268 0.878
2.658 2.171
2.570 1.949
0.500 0.340
1.140 0.755
0.235 0.175
0.065 0.045
1.037 0.855
1.620 1.080
0.439 0.315
1.471 1.170
1.790 1.230
0.285 0.220
1.210 0.902
1.700 1.187
0.799 0.570
2.650 2.106
1.380 1.010
0.595 0.455
1.070 0.640
0.356 0.255
3.000 2.030
0.457 0.285
0.255 0.120
1.482 1.020
1.300 0.620
0.390 0.240
2.740 1.370
3.216 2.446
1.647 1.445
1.599 1.263
0.585 0.280
1.520 1.233
2.140 1.630
0.285 0.220
1.514 0.900
0.885 0.680
1.051 0.845
0.635 0.390
3.088 2.625
0.175 0.130
0.933 0.726
5.482 4.450
3.560 2.588
0.985 0.810
3.188 2.790
0.822 0.651
0.290 0.215
7.200 5.903
0.070 0.035
1.580 1.200
0.155 0.055
0.525 0.180
0.090 0.040
1.930 1.350
1.149 0.877
1.334 0.907
2.770 1.868
1.309 1.030
1.300 0.880
1.840 1.520
0.750 0.565
MINING
1.330 1.150
PLANTATIONS
0.367 0.200
18.400 16.414
9.478 8.380
1.540 1.290
0.820 0.620
8.212 7.336
0.550 0.385
7.960 7.238
2.520 1.293
11.495 9.745
0.675 0.500
1.580 1.099
1.020 0.790
2.459 2.155
3.746 3.220
0.735 0.646
0.870 0.550
4.985 3.982
25.000 21.303
3.569 3.000
3.462 2.692
0.645 0.450
1.580 1.160
1.750 1.300
0.979 0.770
2.638 1.922
4.466 3.720
0.350 0.190
1.220 0.860
0.675 0.470
4.080 3.400
3.300 2.950
0.825 0.450
4.967 3.490
2.062 1.700
0.793 0.616
1.350 1.050
1.850 1.300
2.177 1.800
6.124 5.530
28.380 23.977
HOTELS
0.675 0.502
1.120 0.730
0.345 0.120
5.868 4.774
TECHNOLOGY
0.850 0.585
0.345 0.185
0.165 0.090
0.430 0.250
0.255 0.110
0.235 0.150
1.747 1.440
1.949 0.620
2.060 1.377
1.150 0.710
0.305 0.215
0.289 0.195
6.540 2.686
0.690 0.510
3.876 2.538
0.170 0.075
0.828 0.496
9.990 3.849
0.235 0.095
10.480 6.719
1.400 0.845
0.480 0.360
0.595 0.410
0.335 0.210

4.200
1.660

4.160
1.570

6139
5230

0.785
1.060
0.405
0.155
0.485
0.590
0.980
1.110
1.480
1.550
2.240
0.650
1.550
0.265
1.340
0.660
2.070
0.780
0.505
0.765
0.390
0.310
1.180

1.190
0.620

2.490
2.430
0.470
0.905
0.185
0.045
0.855
1.120
0.375
1.200
1.710
0.250
1.020
1.550
0.680
2.530
1.050
0.495
0.830

2.790
0.295
0.130
1.340
0.630
0.260
1.420

1.510
1.400
0.480
1.520
1.720
0.245
0.970
0.705
0.900
0.395
2.960
0.140

4.800
3.260
0.950
3.050
0.695
0.265
7.100
0.040
1.490
0.060
0.180
0.045
1.840
1.020
1.050
2.570
1.070

1.570
0.595

0.760
1.010
0.400
0.150
0.460
0.540
0.950
1.080
1.470
1.550
2.220
0.625
1.500
0.255
1.300
0.620
2.010
0.750
0.500
0.755
0.390
0.300
1.160

1.160
0.585

2.420
2.340
0.445
0.865
0.175
0.045
0.855
1.100
0.360
1.170
1.640
0.245
0.965
1.500
0.645
2.490
1.010
0.485
0.830

2.670
0.285
0.125
1.270
0.630
0.245
1.370

1.470
1.370
0.460
1.500
1.690
0.240
0.950
0.690
0.850
0.390
2.910
0.140

4.700
3.150
0.930
3.010
0.660
0.220
6.750
0.035
1.430
0.060
0.180
0.040
1.730
1.000
0.995
2.480
1.060

1.530
0.580

1007
5959
1007PA
4057
6602
9814
3239
5738
6718
5049
5355
3484
3417
3557
8206
6076
8613
6815
6041
5020
9962
1147
1503
7010
5062
4251
5084
1597
5249
5175
1589
6769
3115
7323
5038
3174
8494
5789
3573
7617
8583
6181
5236
5182
5040
1694
8141
6114
8893
6548
1651
9539
3913
5073
5827
5053
1724
6912
1945
5075
2208
4596
5207
2224
4286
6017
4375
5213
1783
8664
3743
5211
1538
5158
2305
2259
5191
2429
7889
7079
5239
5401
5148
5200
2976
7003
3158
2577

1.170

1.170

2186

KUCHAI

0.230
18.400
8.500
1.490
0.805
7.620
0.395
7.920
1.950
10.720
0.635

2.410
3.470
0.690
0.845
4.480
24.000
3.210
3.290
0.530
1.400

0.890

4.020
0.240

0.495
3.510
2.980

3.750

0.675
1.110
1.840
1.900
5.600
27.380

0.210
18.300
8.500
1.480
0.785
7.600
0.385
7.850
1.860
10.480
0.610

2.400
3.470
0.685
0.810
4.350
23.480
3.210
3.280
0.515
1.340

0.880

4.020
0.230

0.485
3.510
2.960

3.670

0.650
1.050
1.840
1.880
5.570
27.200

7054
1899
5069
5254
8982
1929
3948
5029
5222
2291
7382
2135
7501
5138
2216
2607
6262
1961
2445
2453
5027
1996
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
KWANTAS
MALPAC
MHC
NPC
NSOP
PINEPAC
PLS
RSAWIT
RVIEW
SBAGAN
SHCHAN
SOP
SWKPLNT
TDM
THPLANT
TMAKMUR
TSH
UMCCA
UTDPLT

0.735
0.135
5.300

0.730
0.130
5.230

5592
1643
1287
5517

GCE
LANDMRK
PMHLDG
SHANG

0.235
0.130
0.310
0.115
0.175
1.490
1.540
1.960
0.825
0.225
0.205
3.760
0.585
3.300
0.090
0.530
8.950
0.095
7.900
1.130
0.370
0.470
0.305

0.215
0.120
0.295
0.115
0.165
1.440
1.500
1.920
0.790
0.215
0.195
3.620
0.570
3.200
0.080
0.515
8.530
0.095
7.740
1.120
0.360
0.460
0.300

7031
5195
0051
7204
8338
0029
5162
0065
0090
0021
0082
0056
7022
5028
0166
9393
5161
9334
0143
3867
5011
0083
9008
0041

AMTEL
CENSOF
CUSCAPI
D&O
DATAPRP
DIGISTA
ECS
EFORCE
ELSOFT
GHLSYS
GPACKET
GRANFLO
GTRONIC
HTPADU
INARI
ITRONIC
JCY
KESM
KEYASIC
MPI
MSNIAGA
NOTION
OMESTI
PANPAGE

* Volume Weighted Average Price

CODE

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

TAKAFUL
TUNEPRO

4.200
1.600

-0.050
-0.060

337.3
4292.2

4.169
1.596

19.80
14.08

3.42
3.13

3,448.0
1,202.8

AMPROP
A&M
AMPROP-PA
ASIAPAC
BCB
BERTAM
BJASSET
CHHB
CRESNDO
CVIEW
DAIMAN
DBHD
E&O
ECOFIRS
ECOWLD
ENCORP
ENRA
EUPE
FARLIM
GLOMAC
GMUTUAL
GOB
GUOCO
HOOVER
HUAYANG
IBHD
IBRACO
IGB
IOIPG
IVORY
IWCITY
JKGLAND
KBUNAI
KEN
KSL
L&G
LBICAP
LBS
LIENHOE
MAGNA
MAHSING
MALTON
MATRIX
MCT
MEDAINC
MENANG
MJPERAK
MKH
MKLAND
MPCORP
MRCB
MUH
MUIPROP
NAIM
OIB
OSK
PARAMON
PASDEC
PJDEV
PLENITU
PTGTIN
SAPRES
SBCCORP
SDRED
SEAL
SHL
SMI
SNTORIA
SPB
SPSETIA
SUNSURIA
SUNWAY
SYMLIFE
TAGB
TAHPS
TALAMT
TAMBUN
TANCO
THRIVEN
TIGER
TITIJYA
TROP
UEMS
UOADEV
WINGTM
Y&G
YNHPROP
YTLLAND

0.785
1.030
0.400
0.150
0.485
0.590
0.980
1.080
1.480
1.550
2.220
0.630
1.540
0.265
1.340
0.660
2.070
0.760
0.500
0.760
0.390
0.305
1.180
0.450
1.170
0.595
0.975
2.440
2.350
0.460
0.880
0.185
0.045
0.855
1.110
0.365
1.170
1.650
0.250
1.020
1.510
0.655
2.490
1.050
0.495
0.830
0.265
2.710
0.290
0.130
1.290
0.630
0.260
1.380
3.000
1.480
1.380
0.465
1.500
1.710
0.245
0.950
0.700
0.850
0.390
2.950
0.140
0.780
4.710
3.160
0.940
3.050
0.670
0.250
6.750
0.040
1.470
0.060
0.180
0.045
1.790
1.020
1.030
2.490
1.060
0.900
1.530
0.580

UNCH
28.4
-0.020
359.9
-0.010
30.6
-0.005
685
-0.035
38
UNCH
44.4
0.010
498
-0.030
11.9
0.010
61.9
-0.060
1
-0.020
28.2
-0.005
116.5
-0.040
292
UNCH
522.8
UNCH 2614.3
-0.030
85.5
-0.030
2.5
-0.020
205
-0.005
120.6
-0.005
124
-0.005
75
-0.010 1935.8
-0.010
81.5

-0.030
271.4
-0.015 1358.7

0.010
113.1
-0.080 1011.6
-0.010
546.9
-0.010 1927.5
UNCH 1047.3
UNCH 1275.1
-0.015
5
-0.010
579
-0.010 3007.3
-0.040
33.8
-0.060 2555.7
UNCH
268.2
0.030
47.5
-0.020 1017.8
-0.020 1202.6
-0.020
361.7
UNCH
18
-0.005
50
-0.020
39.1

-0.060
425.5
-0.005 1389.3
0.010
50
-0.030 2548.6
-0.010
6
UNCH
97.5
-0.040
559.4

-0.020
331.6
-0.020
144.8
-0.010
415.9
-0.010
26.1
-0.040
101.4
UNCH
17.1
-0.020
4
-0.010
78.5
0.005
24
-0.005
146
UNCH
31.6
-0.005
184

-0.090
20.7
-0.120 1066.4
UNCH
510.1
0.040
318.3
0.005
159.9
0.025 18150.3
-0.350
6.5
UNCH
877.5
-0.020
257.7
-0.005
607.7
UNCH
60
UNCH
496
-0.050 4951.9
0.010
784.5
-0.020 13339.2
-0.050
227.7
-0.030
42.2

-0.050
475.6
-0.010
92.4

0.782 17.21
1.042 16.45
0.403

0.152
1.81
0.471
7.55
0.565

0.969

1.091

1.479
7.28
1.550
6.70
2.222 24.69
0.636

1.525 112.41
0.260 12.80
1.320 26.48
0.624 12.55
2.022 41.82
0.759 34.39
0.503
3.18
0.761
3.76
0.390
7.53
0.305

1.161
6.93

1.176
4.46
0.598
9.27
10.09
2.433 15.90
2.355
8.90
0.454 25.14
0.883 275.00
0.180
6.80
0.045

0.855
6.53
1.107
5.24
0.362
4.72
1.176
3.59
1.660 11.32
0.247

0.966
0.91
1.511 10.57
0.657
8.07
2.499
9.52
1.029 18.10
0.495

0.830
6.88

5.52
2.706
6.33
0.289 21.32
0.127

1.300 27.45
0.630
6.79
0.254 17.81
1.382

10.82
1.484
3.24
1.385
9.11
0.467

1.500 15.58
1.702 12.90
0.244
4.67
0.951

0.696 46.98
0.851 13.82
0.394 23.21
2.930
8.94
0.140

12.28
4.725
3.28
3.205 12.42
0.940 22.76
3.025
9.16
0.665 12.05
0.251

6.869 24.89
0.040

1.450
6.57
0.060

0.180 11.54
0.044

1.768
9.34
1.007
7.32
1.016 28.22
2.496
7.70
1.066 37.99
11.61
1.555 30.06
0.585 28.02

3.82
1.46
5.00
2.00

1.02

3.38
6.45
2.25

1.30

1.45

4.00
5.26
2.56
1.64
1.69

8.33
2.18
3.59
4.10
3.40

1.62

3.51
6.31
5.48
5.98
2.12

7.84
4.30
3.82
5.98
1.90

8.08
2.58
10.34

1.94

2.54
2.67
3.38
5.98

4.67
2.63

3.16
0.66
2.94

6.78

2.56
2.55
5.28

3.61
2.99
1.32
1.48

6.12

0.28
6.86
1.55
6.02
2.83
9.72

475.3
376.0
116.5
148.9
200.1
122.0
1,090.8
297.8
415.1
155.0
471.1
194.9
1,944.0
212.8
3,684.6
183.9
282.0
97.3
70.2
553.1
146.5
138.7
826.5
18.0
411.8
596.8
484.0
3,330.1
10,395.5
225.4
648.3
140.3
259.9
163.9
1,151.6
408.2
91.2
1,057.2
90.4
339.5
3,638.2
293.7
1,422.4
1,401.5
243.8
221.7
68.1
1,136.7
350.1
37.4
2,765.6
35.5
198.7
345.0
434.6
2,076.3
583.6
95.8
793.3
652.4
84.8
132.6
164.4
362.2
86.3
714.3
29.4
381.5
1,618.4
8,908.2
750.9
6,291.4
207.7
1,330.4
505.3
168.8
627.8
20.7
67.8
62.6
722.0
1,476.4
4,673.6
4,064.8
516.6
179.4
809.4
489.7

1.170

-0.010

0.210
18.300
8.500
1.480
0.785
7.600
0.395
7.900
1.890
10.480
0.615
1.380
0.820
2.400
3.470
0.685
0.845
4.360
23.600
3.210
3.290
0.530
1.340
1.550
0.890
2.150
4.020
0.240
1.020
0.490
3.510
2.960
0.580
3.710
1.750
0.665
1.070
1.840
1.890
5.570
27.200

UNCH
-0.020
-0.010
-0.020
-0.020
-0.300
-0.005
0.240
-0.060
-0.120
0.005

UNCH
-0.030
-0.005
-0.005
-0.090
-0.260
UNCH
UNCH
-0.005
-0.040

-0.005

-0.130
0.010

-0.005
-0.070
-0.050

-0.030

-0.005
-0.030
UNCH
-0.020
-0.020
-0.280

98
10.2
2
84
661.5
7.5
843.4
7.5
14080
149.2
860.7

40.5
3
23.8
99.5
9447.1
790.3
5.1
37.1
283.7
5.1

42.4

1.2
41

523.1
0.8
34.9

175.6

2494.8
691.5
101
42.3
15.5
0.3

0.520
0.730
0.135
5.230

-0.010
-0.005
-0.080

57.3
111
25

0.733
0.131
5.283

0.680
0.225
0.120
0.305
0.115
0.170
1.450
1.520
1.960
0.800
0.225
0.205
3.650
0.575
3.280
0.085
0.520
8.800
0.095
7.800
1.120
0.370
0.460
0.300

-0.005
-0.005
-0.005
UNCH
-0.005
-0.040
-0.030
UNCH
-0.020
UNCH
UNCH
-0.130
0.015
-0.030
-0.010
-0.005
-0.150
-0.005
-0.100
-0.010
UNCH
-0.020
UNCH

1321.5
115
1243.6
131.5
2084.3
227.9
195
55.4
1768.1
1684.3
90
1617.2
65
1845
479.7
754.3
251.8
405
21
14.5
336.6
139
112

0.223
0.121
0.303
0.115
0.170
1.462
1.520
1.944
0.807
0.219
0.201
3.653
0.573
3.254
0.085
0.520
8.671
0.095
7.819
1.127
0.366
0.461
0.303

# PE is calculated based on latest 12 months reported Earnings Per Share

0.73

144.8

0.221

18.311
9.96
8.500 148.34
1.486 14.54
0.796 16.49
7.605 31.07
0.393

7.896 16.83
1.895

10.545

0.618
2.47
142.27

2.400 20.19
3.470 115.28
0.687

0.827 20.66
4.384 43.47
23.607 17.91
3.210 69.33
3.290 15.49
0.521

1.395

0.888 34.77

6.43
4.020 91.78
0.230

0.489

3.510 55.45
2.964

64.44
3.706 13.13
38.29
0.665 11.55
1.064 18.64
1.840 15.90
1.888

5.579 23.00
27.260 18.41

1.170

2.73
0.24
8.11
1.91
2.11

3.16
2.12
0.48

2.90

3.33
1.44
1.71

1.83
1.91
0.31
3.95

1.69
0.47
1.49

1.71
0.68

1.35
4.29
1.80

8.15
1.06
2.87
1.47

138.6
7,977.9
794.8
2,368.0
250.0
694.4
334.2
1,117.0
6,895.0
8,315.6
137.1
247.5
152.1
1,920.0
3,055.6
288.2
404.0
28,173.5
25,193.1
202.8
1,025.8
1,042.8
417.6
116.3
174.9
258.0
282.2
36.0
333.2
695.1
227.6
196.3
66.7
1,644.9
490.0
1,001.1
945.7
732.6
2,542.8
1,165.4
5,661.3

18.67

3.85

2.68

102.4
351.0
125.4
2,301.2

3.87

28.24

9.39
49.19
11.31
39.02

13.76
29.29
62.50
20.65

12.90
12.32

9.41

93.75

4.14
1.97
3.70

2.44
1.64
3.48
2.27

12.98
0.34

2.95

33.5
112.9
52.3
301.7
48.5
86.5
261.0
314.4
355.0
523.8
155.4
99.0
1,028.9
58.2
3,153.0
8.7
1,079.6
378.5
79.9
1,637.1
67.7
100.1
197.8
72.4

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

1.570 0.560 1.470


1.360
0.475 0.235

0.110 0.035 0.090


0.090
2.728 1.876 2.420
2.320
4.000 2.910 3.680
3.580
0.810 0.615 0.780
0.740
INFRASTRUCTURE PROJECT COMPANIES
5.298 4.201 5.040
4.970
6.060 4.719 5.940
5.880
1.836 0.985 1.040
1.010
0.545 0.335 0.360
0.345
8.420 6.323 8.000
7.910
1.539 1.295 1.450
1.420
CLOSED-END FUNDS
2.580 2.240 2.450
2.410
EXCHANGE TRADED FUNDS
1.124 1.052

1.760 1.550 1.705


1.705
1.400 1.015

1.785 1.645 1.740


1.730
1.020 0.900 0.992
0.977
0.998 0.850 0.920
0.920
1.175 1.035

1.075 0.974

REITS
1.090 0.934 1.030
1.020
1.670 1.214 1.540
1.530
1.070 0.856 1.050
1.040
0.865 0.672 0.840
0.835
0.950 0.782 0.945
0.925
1.129 0.984 1.100
1.080
1.788 1.413 1.720
1.710
1.610 1.261 1.570
1.550
1.700 1.416 1.660
1.660
1.710 1.188 1.620
1.610
8.000 6.638 7.890
7.790
1.339 0.965 1.290
1.270
1.890 1.376 1.740
1.720
1.840 1.352 1.800
1.760
1.220 1.086 1.190
1.180
1.870 1.433 1.710
1.700
1.260 0.957 1.230
1.220
SPAC
0.720 0.670

0.745 0.610 0.735


0.720
0.480 0.425

CODE

COUNTER

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

7160
9075
0118
5005
0097
0008

PENTA
THETA
TRIVE
UNISEM
VITROX
WILLOW

1.420
0.335
0.090
2.370
3.600
0.760

-0.050

UNCH
-0.050
-0.080
-0.010

4613.1

10755
4261.8
8.7
1012.5

1.388

0.090
2.361
3.604
0.755

11.75
3.90

10.15
15.27
10.19

4.64
0.56
2.63

208.1
35.9
108.7
1,739.2
843.6
188.5

6947
6645
6807
5078
5031
6742

DIGI
LITRAK
PUNCAK
SILKHLD
TIMECOM
YTLPOWR

5.020
5.920
1.020
0.360
8.000
1.430

-0.020
0.020
-0.010
UNCH
UNCH
-0.020

8959.4
76.8
1527.9
732.1
17.1
2785

5.013
5.918
1.027
0.353
7.994
1.432

23.79
16.12

13.86
10.23

4.18
3.38

1.66
6.99

39,030.5
3,111.2
458.3
252.6
4,626.4
11,644.5

5108

ICAP

2.450

UNCH

99

2.420

10.63

343.0

0800EA
0822EA
0823EA
0820EA
0826EA
0825EA
0821EA
0824EA

ABFMY1
CIMBA40
CIMBC50
FBMKLCI-EA
METFAPA
METFSID
MYETFDJ
MYETFID

1.118
1.705
1.315
1.740
0.977
0.920
1.085
1.035

0.015

0.005
-0.013
UNCH

25

3
22
4

1.705

1.737
0.984
0.920

5.08
3.85

1.44

2.34
2.18
3.04

2,029.6
2.3
16.2
2.9
18.6
48.8
302.8
53.4

4952
5116
5269
5120
5127
5130
5106
5180
5121
5227
5235SS
5123
5212
5176
5111
5110
5109

AHP
ALAQAR
ALSREIT
AMFIRST
ARREIT
ATRIUM
AXREIT
CMMT
HEKTAR
IGBREIT
KLCC
MQREIT
PAVREIT
SUNREIT
TWRREIT
UOAREIT
YTLREIT

1.020
1.540
1.050
0.835
0.930
1.080
1.710
1.570
1.660
1.620
7.850
1.280
1.740
1.800
1.180
1.700
1.220

UNCH
UNCH
UNCH
-0.015
-0.005
-0.020
-0.010
UNCH
-0.020
UNCH
-0.010
-0.010
0.010
UNCH
-0.010
-0.010
-0.020

63.6
1011.1
264.3
153.7
280.3
74.2
15.2
1981.6
3.1
1509.1
49.3
758.3
92.3
414
67.8
7
484.3

1.020
7.96
1.540 15.84
1.050 20.31
0.839
8.48
0.936
8.82
1.088 11.40
1.717 16.41
1.570 18.47
1.660 227.40
1.618 21.60
7.847 12.20
1.278 12.32
1.733 18.59
1.788 16.39
1.190 11.94
1.702
6.54
1.222

6.37
5.01
3.05
6.11
6.96
5.19
4.77
5.22
6.33
5.02
3.29
6.67
4.77
5.18
5.87
6.42
6.47

102.0
1,121.5
609.0
573.1
533.1
131.5
1,889.8
3,189.4
665.1
5,659.4
14,171.9
846.6
5,259.2
5,301.1
331.0
718.9
1,615.8

CLIQ
REACH
SONA

0.720
0.735
0.475

0.005

2410.9

0.722

454.3
939.2
670.1

CLOSING
(RM)

+/
(RM)

VOL
(000)

VWAP*
(RM)

PE#
(X)

DY
(%)

MKT CAP
(MIL)

5234
5256
5241

Ace Market
YEAR
HIGH

YEAR
LOW

DAY
HIGH

CONSUMER PRODUCTS
0.336 0.230 0.245
0.320 0.095 0.290
0.386 0.200 0.210
0.070 0.025 0.030
INDUSTRIAL PRODUCTS
0.338 0.150 0.160
0.095 0.030 0.035
0.610 0.270 0.290
0.166 0.080 0.120
0.642 0.387 0.460
0.880 0.275 0.280
0.125 0.070 0.075
0.220 0.140 0.185
0.140 0.085 0.100
0.180 0.120 0.135
0.150 0.088 0.100
0.500 0.315 0.390
0.195 0.115 0.140
0.190 0.060 0.070
0.060 0.035

0.155 0.100 0.115


0.210 0.120 0.150
0.225 0.110 0.125
0.263 0.171 0.195
TECHNOLOGY
0.290 0.100 0.290
0.615 0.195 0.215
0.290 0.100 0.280
0.575 0.155 0.200
0.015 0.005

1.310 0.710 0.995


0.075 0.030

0.090 0.020 0.035


0.150 0.060 0.065
0.355 0.195 0.195
0.090 0.050 0.085
3.150 0.850 0.860
0.050 0.030 0.040
0.120 0.075 0.080
0.115 0.045 0.045
1.051 0.340 0.370
0.270 0.070 0.080
0.255 0.130 0.155
0.854 0.470

1.500 0.375 1.270


0.340 0.155 0.170
0.080 0.040

0.285 0.155 0.245


0.325 0.050 0.050
0.300 0.050 0.255
0.970 0.420 0.485
1.880 0.980

0.588 0.373 0.480


0.135 0.060

0.070 0.050 0.050


0.738 0.443 0.625
0.245 0.070 0.080
0.300 0.145 0.180
0.195 0.070 0.075
1.045 0.708 0.740
0.060 0.020 0.020
0.095 0.035 0.045
0.140 0.085 0.095
0.838 0.560 0.580
0.414 0.267 0.395
0.730 0.160 0.160
0.110 0.035 0.065
0.285 0.135 0.140
0.140 0.055 0.060
0.728 0.450 0.640
0.090 0.010

0.484 0.225 0.255


0.110 0.055 0.065
0.370 0.160 0.180
0.130 0.050 0.055
0.298 0.240 0.290
0.180 0.080 0.110
0.250 0.140 0.180
0.190 0.110 0.165
0.250 0.155 0.225
0.291 0.160 0.175
0.135 0.065 0.075
0.180 0.025

0.185 0.100 0.110


0.600 0.505

TRADING SERVICES
0.300 0.150

0.125 0.060 0.070


0.070 0.035 0.055
0.275 0.180 0.195
0.379 0.213 0.335
0.260 0.180

0.665 0.485 0.505


0.760 0.300 0.615
0.475 0.260 0.280
0.250 0.145 0.170
0.600 0.345 0.385
0.240 0.140

0.245 0.135 0.185


0.335 0.230

0.303 0.210 0.225


0.020 0.005

0.370 0.140 0.185


0.700 0.325 0.335
0.735 0.480

2.244 1.659

0.260 0.165 0.225


0.555 0.400 0.520
0.055 0.030 0.030
1.490 0.955 1.010
0.200 0.115 0.145
0.705 0.110 0.120
FINANCE
0.530 0.395 0.415

DAY
LOW

CODE

COUNTER

0.230
0.275
0.205
0.030

0179
0170
0148
0095

BIOHLDG
KANGER
SUNZEN
XINGHE

0.235
0.280
0.205
0.030

-0.005
-0.005
-0.010
Unch

3738.2
399
250
683

0.238
0.279
0.209
0.030

18.80
15.05

1.61

156.7
223.6
98.2
70.5

0.150
0.030
0.270
0.110
0.430
0.275
0.070
0.180
0.095
0.130
0.090
0.375
0.130
0.060

0.110
0.145
0.120
0.190

0105
0072
0163
0102
0100
0175
0160
0162
0024
0025
0070
0049
0038
0133
0109
0001
0028
0055
0084

ASIAPLY
AT
CAREPLS
CONNECT
ESCERAM
HHGROUP
HHHCORP
IJACOBS
JAG
LNGRES
MQTECH
OCNCASH
PTB
SANICHI
SCBUILD
SCOMNET
SCOPE
SERSOL
TECFAST

0.155
0.035
0.280
0.120
0.445
0.280
0.075
0.180
0.100
0.135
0.100
0.385
0.140
0.070
0.040
0.110
0.145
0.125
0.195

Unch
898.6
-0.005 22872.2
-0.010 1477.8
0.005 2767.5
-0.015 1119.6
Unch
300.5
-0.005
1280
-0.010 1011.3
Unch 2205.3
Unch
372.1
Unch 4767.5
-0.005
929.2
Unch
587.1
Unch 12925.1

-0.010
159.2
-0.015
55
Unch
548.3
Unch
75

0.154
0.035
0.277
0.115
0.445
0.276
0.075
0.182
0.100
0.132
0.095
0.381
0.135
0.065

0.115
0.150
0.124
0.194

6.57

38.36
48.00
10.52

12.68

10.94
11.76
5.04

9.57
48.33

12.50

3.87

1.07

1.35
1.18

1.82

3.64

2.56

47.0
30.3
135.3
32.9
91.5
86.4
25.0
24.4
114.4
32.7
55.8
85.9
21.1
60.1
35.2
26.7
80.5
26.9
33.4

0.260
0.195
0.255
0.185

0.980

0.025
0.060
0.195
0.075
0.855
0.040
0.075
0.045
0.340
0.080
0.150

1.190
0.155

0.230
0.050
0.240
0.480

0.465

0.050
0.595
0.070
0.165
0.075
0.740
0.020
0.035
0.090
0.560
0.365
0.160
0.060
0.135
0.055
0.590

0.235
0.065
0.175
0.050
0.265
0.110
0.165
0.160
0.215
0.160
0.075

0.110

0018
0181
0119
0068
0039
0098
0152
0131
0154
0107
0116
0104
0045
0074
0174
0023
0094
0010
0146
0127
0111
0036
0176
0017
0075
0155
0126
0112
0085
0034
0113
0103
0156
0092
0108
0020
0096
0026
0035
0040
0079
0005
0123
0007
0106
0135
0178
0060
0117
0169
0093
0129
0050
0132
0120
0069
0066
0141
0086
0009

ACCSOFT
AEMULUS
APPASIA
ASDION
ASIAEP
BAHVEST
DGB
DGSB
EAH
EDUSPEC
FOCUS
GENETEC
GNB
GOCEAN
IDMENSN
IFCAMSC
INIX
IRIS
JFTECH
JHM
K1
KGROUP
KRONO
M3TECH
MEXTER
MGRC
MICROLN
MIKROMB
MLAB
MMAG
MMSV
MNC
MPAY
MTOUCHE
N2N
NETX
NEXGRAM
NOVAMSC
OPCOM
OPENSYS
ORION
PALETTE
PRIVA
PUC
REXIT
SCN
SEDANIA
SKH
SMRT
SMTRACK
SOLUTN
SRIDGE
SYSTECH
TDEX
VIS
VIVOCOM
VSOLAR
WINTONI
YGL
YTLE

0.280
0.205
0.275
0.200
0.010
0.995
0.030
0.025
0.065
0.195
0.080
0.860
0.040
0.080
0.045
0.355
0.080
0.155
0.500
1.240
0.160
0.040
0.235
0.050
0.250
0.480
1.190
0.470
0.080
0.050
0.615
0.075
0.175
0.075
0.740
0.020
0.045
0.095
0.570
0.385
0.160
0.065
0.135
0.060
0.625
0.010
0.250
0.065
0.175
0.050
0.280
0.110
0.170
0.165
0.220
0.170
0.075
0.025
0.110
0.560

0.005
-0.010
-0.010
-0.010

Unch

-0.005
-0.005
-0.005
Unch
Unch
Unch
Unch
Unch
-0.015
Unch
-0.005

-0.030
-0.010

-0.010
Unch
-0.010
Unch

-0.015

-0.005
-0.010
-0.005
-0.005
Unch
-0.005
-0.005
0.005
Unch
-0.010
Unch
-0.005
0.005
-0.005
Unch
-0.025

Unch
-0.005
Unch
-0.005
-0.010
-0.005
-0.005
0.005
-0.010
0.005
Unch

Unch

9218.9
1133.5
3535.2
16.1

815.4

615
6636.9
280
15362.1
73.7
493.2
201
1767.7
6601.5
400
12168.4

654.4
2625.6

1507.8
4418.6
715.4
28

469

410
984.6
7476.3
4289.8
294.8
41
1080
48412.1
2526.1
221.9
12505
75.7
3287.9
443.6
2358
672.5

3331.5
921
475.3
1265.6
6475.5
50
1787.1
5632.7
1023.3
45415.8
87

0.277

0.204 56.94
0.271

0.193

0.986

0.025 11.90
0.065

0.195 15.60
0.080

0.858 36.13
0.040

0.080

0.045

0.350 114.52
0.080

0.153

60.24
1.220 14.54
0.161
8.65

0.237
6.83
0.050

0.247

0.484 26.09
80.95
0.470 13.66

0.050

0.605 11.92
0.072

0.171

0.075 32.61
0.740 33.79
0.020

0.040
6.72
0.095 73.08
0.564 12.10
0.374 19.54
0.160

0.064 12.75
0.137 37.50
0.060 42.86
0.609 16.45

0.244

0.065

0.176

0.050

0.275 11.02
0.110

0.171 34.69
0.160 183.33
0.220 18.64
0.168
8.72
0.075

0.110

21.46

2.82

2.00

3.13

2.34

3.25

2.70

3.51
2.60

1.48

3.20

4.00

2.39

1.18

7.14

233.1
90.0
77.3
23.3
8.1
438.6
14.7
33.9
96.9
177.2
62.2
30.2
11.6
21.1
22.3
215.9
18.5
348.3
63.0
153.4
75.6
29.6
58.3
29.3
49.4
49.7
199.2
143.8
14.9
47.7
100.2
28.3
124.3
19.1
352.5
25.0
84.7
64.9
91.9
114.7
21.3
20.8
75.4
65.0
118.3
2.0
50.0
36.0
52.0
17.3
85.1
13.3
53.9
68.1
24.4
549.8
25.0
12.8
21.3
756.0

0.070
0.050
0.180
0.335

0.485
0.600
0.265
0.155
0.360

0.175

0.225

0.175
0.325

0.220
0.520
0.030
0.955
0.145
0.110

0122
0048
0150
0187
0011
0157
0185
0147
0180
0167
0081
0153
0177
0006
0171
0110
0080
0032
0173
0158
0161
0137
0140
0089
0145
0165

AIM
ANCOMLB
ASIABIO
BCMALL
BTECH
FOCUSP
HSSEB
INNITY
KTC
MCLEAN
MEGASUN
OVERSEA
PASUKGB
PINEAPP
PLABS
RA
RAYA
REDTONE
REV
SCC
SCH
STEMLFE
STERPRO
TEXCYCL
TFP
XOX

0.205
0.070
0.055
0.185
0.335
0.210
0.500
0.615
0.270
0.170
0.385
0.180
0.180
0.230
0.225
0.005
0.180
0.330
0.540
1.770
0.225
0.520
0.030
1.000
0.145
0.115

Unch
0.005
-0.005
Unch

-0.010
0.015
-0.005
Unch
-0.020

-0.005

-0.010

Unch
-0.005

Unch
Unch
Unch
-0.010
0.020
-0.005

22
9830
8695.2
29.5

583.7
15
695.6
42.3
80

1554.5

29

451.5
48.1

410.4
15
2
79
0.1
5942

0.070

0.055

0.187

0.335 14.44

0.494 12.59
0.608 24.70
0.270 48.21
0.160
7.05
0.374 17.74

0.181 112.50

0.225 12.64

0.175

0.328

27.00
10.62
0.223 57.69
0.520 157.58
0.030

1.008 26.81
0.145

0.115

4.06

1.67

3.11

0.61

2.82
3.78

0.75

54.5
33.1
56.8
77.9
84.4
34.7
159.5
85.1
137.8
30.4
73.1
44.4
58.4
11.2
46.5
4.8
29.5
249.9
72.7
75.7
92.8
128.7
29.7
170.8
29.7
68.4

0.415

0053

OSKVI

0.415

Unch

15

0.415 230.56

4.82

82.0

28 Markets

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

Bursa Malaysia Equity Derivatives


Main Market & Ace Market Warrants
YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

0.095
0.095
0.130
0.130
0.160
0.150
0.080
0.100
0.340
0.180
0.120
0.170
0.460
0.460
0.275
0.425
0.280
0.255
0.190
0.260
0.085
0.130
0.045
0.090
0.090
0.170
0.105
0.135
0.085
0.110
0.035
0.175
0.130
0.035
0.030
0.110
0.150
0.130
0.380
0.210
0.195
0.210
0.400
0.195
0.220
0.050
0.160
0.165
1.780
0.065
0.145
0.125
0.210
1.330
0.505
0.150
0.170
0.225
0.305
0.095
0.095
0.445
0.200
0.270
0.105
0.095
0.110
0.105
0.535
0.180
0.410
0.390
0.170
0.145
0.140
0.145
0.205
0.135
0.260
0.090
0.090
0.200
0.475
0.240
1.480
0.815
0.370
1.370
0.625
0.860
0.085
0.230
0.150
0.095
0.055
0.120
0.255
0.090
0.085
0.060
0.080
0.265
0.460
0.115
0.345
0.165
0.155
0.210
0.185
0.305
0.140
0.355
0.130
0.215
0.335
0.115
0.120
0.130
0.615
0.105
0.675
0.605
0.705
0.490
0.360
0.255
0.265
0.220
0.180
0.160
0.160
0.255
0.115
1.410

0.075
0.085
0.110
0.015
0.055
0.075
0.045
0.070
0.040
0.050
0.040
0.130
0.125
0.190
0.080
0.170
0.110
0.100
0.070
0.195
0.015
0.110
0.010
0.040
0.040
0.050
0.055
0.015
0.010
0.105
0.015
0.080
0.010
0.010
0.020
0.095
0.005
0.040
0.190
0.085
0.090
0.120
0.225
0.075
0.080
0.025
0.090
0.070
0.920
0.035
0.060
0.065
0.080
0.660
0.300
0.020
0.050
0.135
0.180
0.040
0.020
0.290
0.120
0.160
0.030
0.045
0.065
0.035
0.020
0.020
0.030
0.065
0.060
0.055
0.055
0.025
0.090
0.055
0.110
0.030
0.035
0.090
0.350
0.055
0.340
0.390
0.300
0.230
0.305
0.100
0.035
0.100
0.115
0.060
0.040
0.040
0.145
0.020
0.040
0.025
0.050
0.205
0.395
0.100
0.295
0.145
0.145
0.050
0.035
0.085
0.015
0.165
0.050
0.130
0.240
0.050
0.090
0.080
0.495
0.075
0.110
0.170
0.145
0.165
0.110
0.085
0.085
0.060
0.050
0.050
0.080
0.100
0.105
0.805

0.085
0.085
0.120
0.035
0.070
0.090
0.050
0.070
0.240
0.180
0.040
0.145
0.290
0.290
0.090
0.195
0.135
0.110
0.075
0.210
0.015
0.125
0.030
0.050
0.050
0.160
0.055
0.020
0.010
0.110
0.020
0.085
0.020
0.015
0.030
0.105
0.010
0.055
0.245
0.100
0.090
0.145
0.320
0.085
0.160
0.030
0.100
0.070
1.010
0.040
0.100
0.105
0.160
1.030
0.315
0.030
0.070
0.175
0.240
0.065
0.020
0.320
0.165
0.240
0.040
0.055
0.090
0.040
0.220
0.055
0.190
0.205
0.070
0.060
0.065
0.030
0.100
0.060
0.160
0.030
0.035
0.115
0.385
0.065
1.060
0.450
0.360
1.370
0.385
0.100
0.035
0.155
0.120
0.080
0.050
0.065
0.175
0.030
0.045
0.025
0.065
0.225
0.460
0.115
0.345
0.165
0.155
0.100
0.035
0.095
0.030
0.180
0.090
0.150
0.270
0.095
0.110
0.125
0.585
0.105
0.240
0.325
0.355
0.220
0.140
0.110
0.105
0.070
0.055
0.060
0.085
0.115
0.105
1.240

0.085
0.085
0.110
0.030
0.055
0.085
0.045
0.070
0.225
0.150
0.040
0.130
0.255
0.265
0.080
0.170
0.110
0.100
0.075
0.195
0.015
0.110
0.030
0.045
0.045
0.145
0.055
0.015
0.010
0.105
0.015
0.080
0.020
0.015
0.025
0.095
0.005
0.040
0.240
0.085
0.090
0.135
0.300
0.075
0.160
0.025
0.090
0.070
0.950
0.040
0.095
0.090
0.140
1.020
0.300
0.020
0.060
0.150
0.205
0.050
0.020
0.310
0.165
0.230
0.040
0.045
0.075
0.040
0.165
0.035
0.155
0.170
0.060
0.055
0.055
0.030
0.090
0.055
0.150
0.030
0.035
0.100
0.370
0.060
1.020
0.425
0.340
1.200
0.360
0.100
0.035
0.145
0.120
0.060
0.040
0.040
0.145
0.020
0.040
0.025
0.050
0.225
0.430
0.105
0.330
0.145
0.145
0.060
0.035
0.085
0.020
0.165
0.060
0.135
0.265
0.055
0.105
0.095
0.505
0.080
0.240
0.295
0.320
0.190
0.120
0.090
0.095
0.060
0.050
0.055
0.080
0.115
0.105
1.180

5238C1
5238C2
5238C3
5238CU
5238CV
5238CW
5238CX
5238CZ
5238WA
0018WA
6599CG
5185CV
509934
509935
509936
509937
509938
509940
5014CP
7609WA
1015CW
1015CX
0159WA
9342WA
9342WB
0119WA
52815
521015
521017
521020
0150WA
0105WA
6399CV
0072WA
0072WB
688810
6888C8
6888C9
7078WA
5248CN
5248CO
7241WA
5258WA
6998WA
3239WA
3395C2
3395WB
3395WC
5196WA
7187WA
7036WB
7036WC
7188WB
7174WA
7076WA
5195WA
5195WB
102312
102313
0102WA
7277C6
7277WA
694713
694714
0029WA
4456WD
7114WA
7198WB
161919
161920
161921
161922
161923
161925
161926
5216CN
5216CP
5216CQ
3417WB
0154WB
0154WC
3557WC
8206WA
0107WA
0065WA
8907WC
5081WA
8877WB
5056WA
7249WA
3689CB
7047WB
56012
06501A
06501D
65070
65074
65076
65084
65088
65094
65096
06502B
06502C
06502D
06502F
06502G
65067
65071
65073
65075
65079
65081
65085
65087
65089
65091
65093
65097
65099
8605WB
522212
522213
522214
522215
522216
522217
522219
522220
522221
9318WB
539826
539831
5398WE

WARRANTS
AAX-C1
AAX-C2
AAX-C3
AAX-CU
AAX-CV
AAX-CW
AAX-CX
AAX-CZ
AAX-WA
ACCSOFT-WA
AEON-CG
AFFIN-CV
AIRASIAC34
AIRASIAC35
AIRASIAC36
AIRASIAC37
AIRASIAC38
AIRASIAC40
AIRPORT-CP
AJIYA-WA
AMBANK-CW
AMBANK-CX
AMEDIA-WA
ANZO-WA
ANZO-WB
APPASIA-WA
APPLE-C15
ARMADA-C15
ARMADA-C17
ARMADA-C20
ASIABIO-WA
ASIAPLY-WA
ASTRO-CV
AT-WA
AT-WB
AXIATA-C10
AXIATA-C8
AXIATA-C9
AZRB-WA
BAUTO-CN
BAUTO-CO
BHS-WA
BIMB-WA
BINTAI-WA
BJASSET-WA
BJCORP-C2
BJCORP-WB
BJCORP-WC
BJFOOD-WA
BKOON-WA
BORNOIL-WB
BORNOIL-WC
BTM-WB
CAB-WA
CBIP-WA
CENSOF-WA
CENSOF-WB
CIMB-C12
CIMB-C13
CONNECT-WA
DIALOG-C6
DIALOG-WA
DIGI-C13
DIGI-C14
DIGISTA-WA
DNEX-WD
DNONCE-WA
DPS-WB
DRBHCOMC19
DRBHCOMC20
DRBHCOMC21
DRBHCOMC22
DRBHCOMC23
DRBHCOMC25
DRBHCOMC26
DSONIC-CN
DSONIC-CP
DSONIC-CQ
E&O-WB
EAH-WB
EAH-WC
ECOFIRS-WC
ECOWLD-WA
EDUSPEC-WA
EFORCE-WA
EG-WC
EIG-WA
EKOVEST-WB
ENGTEX-WA
EWEIN-WA
F&N-CB
FAJAR-WB
FB-C12
FBMKLCI-C1A
FBMKLCI-C1D
FBMKLCI-C70
FBMKLCI-C74
FBMKLCI-C76
FBMKLCI-C84
FBMKLCI-C88
FBMKLCI-C94
FBMKLCI-C96
FBMKLCI-H2B
FBMKLCI-H2C
FBMKLCI-H2D
FBMKLCI-H2F
FBMKLCI-H2G
FBMKLCI-H67
FBMKLCI-H71
FBMKLCI-H73
FBMKLCI-H75
FBMKLCI-H79
FBMKLCI-H81
FBMKLCI-H85
FBMKLCI-H87
FBMKLCI-H89
FBMKLCI-H91
FBMKLCI-H93
FBMKLCI-H97
FBMKLCI-H99
FFHB-WB
FGV-C12
FGV-C13
FGV-C14
FGV-C15
FGV-C16
FGV-C17
FGV-C19
FGV-C20
FGV-C21
FITTERS-WB
GAMUDA-C26
GAMUDA-C31
GAMUDA-WE

CLOSE
(RM)

+/(RM)

0.085
0.085
0.115
0.030
0.070
0.090
0.050
0.070
0.230
0.180
0.040
0.145
0.285
0.285
0.090
0.195
0.135
0.110
0.075
0.200
0.015
0.120
0.030
0.050
0.050
0.160
0.055
0.020
0.010
0.105
0.020
0.080
0.020
0.015
0.030
0.095
0.010
0.045
0.245
0.100
0.090
0.145
0.310
0.075
0.160
0.025
0.100
0.070
0.950
0.040
0.100
0.105
0.160
1.020
0.300
0.020
0.070
0.160
0.205
0.065
0.020
0.315
0.165
0.240
0.040
0.055
0.090
0.040
0.195
0.040
0.170
0.190
0.065
0.060
0.060
0.030
0.100
0.060
0.155
0.030
0.035
0.115
0.380
0.065
1.050
0.450
0.340
1.290
0.380
0.100
0.035
0.150
0.120
0.070
0.050
0.045
0.145
0.025
0.040
0.025
0.050
0.225
0.455
0.105
0.330
0.160
0.155
0.080
0.035
0.095
0.025
0.180
0.075
0.145
0.270
0.075
0.105
0.115
0.560
0.100
0.240
0.305
0.320
0.200
0.135
0.095
0.100
0.070
0.055
0.055
0.080
0.115
0.105
1.240

Unch
-0.010
-0.005
-0.005
0.005
-0.005
-0.005
-0.010
-0.010
0.010
-0.010
0.015
-0.005
-0.010
-0.005
-0.010
Unch
-0.005
-0.005
-0.005
-0.005
-0.005
-0.005
Unch
Unch
-0.005
-0.005
-0.005
Unch
-0.045
Unch
-0.010
Unch
Unch
0.005
-0.010
Unch
-0.005
-0.005
Unch
-0.015
Unch
-0.005
-0.015
-0.060
-0.005
Unch
-0.005
-0.070
-0.005
0.005
0.010
0.010
-0.020
-0.015
-0.005
Unch
-0.015
-0.035
0.005
-0.005
-0.010
-0.010
-0.005
Unch
Unch
0.005
Unch
-0.025
-0.015
-0.020
-0.015
-0.010
-0.005
-0.005
-0.010
-0.005
-0.010
-0.005
Unch
Unch
Unch
-0.005
Unch
-0.040
-0.010
-0.015
0.040
-0.010
-0.005
-0.010
-0.005
0.005
-0.005
-0.005
-0.015
-0.025
-0.010
-0.005
-0.005
-0.015
0.010
0.045
0.005
0.030
0.010
0.010
0.015
-0.050
-0.010
0.010
0.005
0.020
0.015
0.030
0.020
0.010
0.020
0.040
0.005
-0.015
-0.015
-0.025
-0.015
-0.010
-0.015
-0.005
-0.005
-0.015
-0.010
-0.005
-0.025
-0.010
-0.010

VOL PARENT
EXE
(000)
PRICE PRICE
100
50
6429.5
4350.9
8290.1
2721.5
26536.3
50
5408.6
1232.8
100
710.1
1757.1
972.9
817.9
401
1140.1
973.1
100
544.1
180
840
74.3
370.5
183
4806.2
600
255.1
740
2000
171.6
106.9
200
250
1017.5
98.9
66.5
815
45.5
62.3
90
428
611.7
290
15
300
1640.6
500
17.5
140
247.9
22763.1
22.1
108
92
150.1
1390.8
4898.7
271.1
10
199.9
397.3
15
540
500
41095.8
2087.7
88
2977.8
2442.5
538
12994.1
10502
162.1
2591.3
40
1105
558.8
255.5
140.3
660
18.8
472.1
826
262.4
295.2
52
5765.1
880.9
182.5
20
717.2
50
657.8
509.9
5556.9
50
916.2
1228
2235
1115
6.7
25
972.5
40
200
545
8158.5
200
40
1429.5
225
7040.9
168.4
730
10465.1
100
1313.1
2941.3
2255
83
633
160
960
1523.2
16779.4
318
9106.8
274
680
73.6
45
190
4769.4

0.430 0.350
0.430 0.500
0.430 0.410
0.430 0.490
0.430 0.390
0.430 0.420
0.430 0.600
0.430 0.450
0.430 0.460
0.280 0.100
2.850 3.000
2.200 2.150
2.820 2.000
2.820 2.000
2.820 2.850
2.820 2.450
2.820 2.650
2.820 3.300
6.430 6.450
0.770 0.920
4.060 4.700
4.060 4.150
0.250 1.100
0.210 0.250
0.210 0.250
0.275 0.130
466.7 504.6
0.670 0.800
0.670 0.850
0.670 0.675
0.055 0.100
0.155 0.100
2.720 3.000
0.035 0.090
0.035 0.030
4.700 5.100
4.700 5.850
4.700 5.600
0.620 0.700
2.240 2.128
2.240 2.272
0.420 0.600
4.260 4.720
0.175 0.200
0.980 1.000
0.325 0.380
0.325 1.000
0.325 1.000
1.760 0.700
0.105 0.200
0.165 0.100
0.165 0.100
0.215 0.200
1.610 0.550
1.970 2.400
0.225 0.460
0.225 0.460
4.800 4.500
4.800 4.400
0.120 0.100
1.520 1.480
1.520 1.190
5.020 4.500
5.020 4.600
0.170 0.130
0.250 0.500
0.300 0.250
0.080 0.100
1.190 1.000
1.190 1.100
1.190 0.950
1.190 1.000
1.190 1.300
1.190 1.550
1.190 1.550
1.380 1.450
1.380 1.350
1.380 1.650
1.540 2.600
0.065 0.120
0.065 0.100
0.265 0.300
1.340 2.080
0.195 0.180
1.520 0.680
0.820 0.500
0.900 0.500
2.350 1.350
1.210 0.830
0.710 0.610
24.280 24.800
0.555 0.700
522.0 609.7
1,647 1,640
1,647 1,680
1,647 1,630
1,647 1,620
1,647 1,670
1,647 1,660
1,647 1,690
1,647 1,650
1,647 1,710
1,647 1,680
1,647 1,640
1,647 1,620
1,647 1,680
1,647 1,688
1,647 1,700
1,647 1,580
1,647 1,660
1,647 1,630
1,647 1,680
1,647 1,670
1,647 1,630
1,647 1,710
1,647 1,660
1,647 1,640
1,647 1,690
1,647 1,740
1,647 1,650
0.750 0.500
1.890 1.350
1.890 1.500
1.890 1.600
1.890 1.900
1.890 1.950
1.890 2.200
1.890 2.600
1.890 2.300
1.890 2.550
0.410 1.000
4.850 4.500
4.850 4.900
4.850 4.050

PRM
(%)
20.93
36.05
22.09
20.93
6.98
18.60
51.16
20.93
60.47
0.00
9.47
4.32
1.24
1.24
10.64
4.17
10.73
29.50
8.48
45.45
17.61
9.61
352.00
42.86
42.86
5.45
14.01
22.39
29.10
16.42
118.18
16.13
11.76
200.00
71.43
18.62
25.11
22.98
52.42
3.63
9.98
77.38
18.08
57.14
18.37
26.15
238.46
229.23
-6.25
128.57
21.21
24.24
67.44
-2.48
37.06
113.33
135.56
7.08
4.48
37.50
2.63
-0.99
2.79
1.20
0.00
122.00
13.33
75.00
0.42
0.84
1.26
7.98
23.99
42.86
37.82
10.51
13.77
30.00
78.90
130.77
107.69
56.60
83.58
25.64
13.82
15.85
-6.67
12.34
0.00
0.00
5.02
53.15
32.89
2.51
4.09
0.84
1.84
2.42
2.45
3.64
2.27
7.20
8.87
4.00
3.33
8.77
9.09
6.58
-3.25
3.06
-0.01
6.34
4.55
2.45
10.35
3.94
2.71
7.46
14.11
4.39
-1.33
3.70
4.76
5.82
16.24
18.25
29.10
46.83
30.42
40.74
163.41
-0.10
7.53
9.07

EXPIRY
DATE
10/07/2017
31/05/2017
31/05/2017
30/12/2016
30/12/2016
10/04/2017
28/02/2017
27/03/2017
08/06/2020
18/01/2019
26/01/2017
31/07/2017
28/02/2017
17/02/2017
30/12/2016
30/12/2016
28/04/2017
28/02/2017
28/04/2017
28/08/2021
22/02/2017
29/09/2017
02/01/2018
19/11/2019
25/08/2023
23/12/2024
26/01/2017
28/02/2017
22/02/2017
18/05/2017
19/04/2024
13/12/2020
31/01/2017
28/01/2019
17/10/2019
30/06/2017
31/01/2017
31/03/2017
13/05/2024
28/02/2017
31/01/2017
18/10/2020
04/12/2023
15/06/2020
16/03/2018
28/02/2017
22/04/2022
29/05/2026
08/08/2017
07/07/2023
28/02/2018
08/11/2025
23/10/2024
08/02/2020
06/11/2019
18/07/2017
07/10/2019
17/03/2017
31/01/2017
17/09/2021
28/11/2016
10/02/2017
22/02/2017
28/04/2017
07/02/2017
30/07/2021
25/11/2020
15/01/2025
30/11/2016
30/11/2016
15/12/2016
17/02/2017
28/02/2017
31/03/2017
30/08/2017
23/11/2016
31/01/2017
28/02/2017
21/07/2019
24/02/2019
18/06/2019
10/09/2019
26/03/2022
24/12/2018
17/07/2019
03/11/2020
03/01/2017
25/06/2019
25/10/2017
09/06/2017
30/06/2017
24/09/2019
28/07/2017
31/05/2017
30/06/2017
30/12/2016
30/12/2016
31/01/2017
28/02/2017
31/03/2017
28/04/2017
31/03/2017
31/03/2017
31/05/2017
28/04/2017
30/06/2017
30/06/2017
30/11/2016
30/11/2016
30/11/2016
30/12/2016
30/12/2016
31/01/2017
31/01/2017
31/01/2017
28/02/2017
28/02/2017
31/03/2017
28/02/2017
28/04/2017
30/03/2017
14/03/2017
28/04/2017
17/03/2017
28/02/2017
09/05/2017
31/03/2017
31/03/2017
27/03/2017
30/08/2017
12/10/2019
30/11/2016
29/09/2017
06/03/2021

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

0.145
0.090
0.280
0.260
0.185
3.200
0.220
0.190
0.465
0.320
2.380
0.265
0.040
0.315
0.145
0.460
1.510
0.190
0.130
0.810
0.315
2.580
1.130
1.090
1.000
0.955
1.360
1.460
0.560
0.820
1.170
0.510
0.865
0.995
1.420
0.915
1.110
1.600
0.710
1.040
0.520
0.775
1.240
1.100
2.170
0.850
1.140
1.760
0.030
0.235
0.300
0.115
0.140
0.140
0.170
0.130
2.320
0.080
0.270
0.070
0.225
0.210
0.115
0.220
0.070
0.150
0.070
0.125
0.348
0.115
0.150
0.080
0.080
0.205
0.025
1.550
0.130
0.880
0.115
0.150
0.585
0.810
0.150
0.555
0.640
0.760
0.535
0.250
0.040
0.045
0.060
0.160
0.265
0.200
0.185
0.115
0.130
0.055
0.225
0.235
0.195
0.130
0.100
0.425
0.260
0.065
0.405
0.185
0.710
0.415
0.485
0.225
0.120
0.355
0.245
0.145
0.625
1.380
0.100
0.175
0.110
0.190
0.150
0.155
0.125
0.160
0.240
0.310
0.180
0.235
0.100
0.180
0.200
0.045
0.030
0.050
0.080
0.125

0.125
0.090
0.085
0.095
0.150
2.180
0.005
0.040
0.100
0.235
0.820
0.090
0.025
0.190
0.120
0.170
0.830
0.005
0.065
0.270
0.180
0.785
0.260
0.370
0.730
0.300
0.595
1.080
0.220
0.355
0.650
0.315
0.570
0.010
0.025
0.065
0.110
0.225
0.225
0.355
0.275
0.430
0.755
0.700
1.610
0.620
0.945
1.320
0.015
0.155
0.160
0.055
0.025
0.045
0.120
0.100
1.050
0.020
0.155
0.035
0.010
0.100
0.115
0.110
0.020
0.030
0.020
0.020
0.205
0.090
0.085
0.060
0.020
0.115
0.010
0.530
0.060
0.370
0.020
0.100
0.075
0.470
0.095
0.480
0.160
0.315
0.215
0.155
0.020
0.025
0.020
0.085
0.130
0.115
0.005
0.010
0.030
0.025
0.085
0.010
0.070
0.080
0.100
0.175
0.035
0.025
0.130
0.010
0.305
0.100
0.080
0.040
0.030
0.220
0.050
0.045
0.330
0.570
0.020
0.110
0.070
0.140
0.100
0.035
0.070
0.100
0.100
0.150
0.125
0.165
0.010
0.060
0.060
0.015
0.010
0.020
0.010
0.015

0.140
0.090
0.155
0.190
0.150
2.760
0.010
0.050
0.125
0.280
1.440
0.095
0.025
0.240
0.135
0.270
1.140
0.005
0.105
0.305
0.185
1.570
0.540
0.605
0.860
0.510
0.830
1.150
0.295
0.540
0.745
0.440
0.655
0.030
0.085
0.105
0.230
0.475
0.430
0.730
0.465
0.750
1.240
1.100
2.170
0.850
1.140
1.760
0.020
0.170
0.250
0.055
0.025
0.050
0.125
0.100
1.700
0.020
0.170
0.035
0.010
0.100
0.115
0.135
0.030
0.060
0.030
0.025
0.245
0.090
0.120
0.060
0.025
0.160
0.010
1.340
0.075
0.745
0.030
0.120
0.090
0.545
0.095
0.530
0.180
0.690
0.440
0.185
0.030
0.030
0.025
0.100
0.195
0.125
0.005
0.015
0.035
0.025
0.110
0.015
0.095
0.105
0.100
0.410
0.090
0.025
0.220
0.120
0.640
0.205
0.080
0.040
0.050
0.235
0.050
0.050
0.480
0.980
0.025
0.125
0.075
0.165
0.100
0.100
0.075
0.125
0.110
0.285
0.150
0.205
0.025
0.165
0.180
0.020
0.015
0.020
0.015
0.030

0.140
0.090
0.135
0.180
0.150
2.760
0.010
0.040
0.115
0.245
1.360
0.090
0.025
0.240
0.135
0.270
1.060
0.005
0.090
0.270
0.180
1.390
0.370
0.370
0.730
0.300
0.595
1.080
0.220
0.355
0.650
0.315
0.570
0.015
0.025
0.065
0.140
0.245
0.255
0.430
0.345
0.550
0.920
0.955
1.880
0.680
1.140
1.640
0.020
0.170
0.250
0.055
0.025
0.045
0.120
0.100
1.630
0.020
0.160
0.035
0.010
0.100
0.115
0.135
0.025
0.055
0.025
0.020
0.220
0.090
0.100
0.060
0.025
0.115
0.010
1.250
0.075
0.700
0.020
0.115
0.085
0.540
0.095
0.515
0.160
0.655
0.400
0.185
0.025
0.025
0.025
0.085
0.185
0.115
0.005
0.010
0.030
0.025
0.105
0.010
0.095
0.090
0.100
0.380
0.090
0.025
0.210
0.110
0.615
0.185
0.080
0.040
0.050
0.220
0.050
0.045
0.430
0.900
0.025
0.120
0.075
0.150
0.100
0.080
0.070
0.100
0.100
0.260
0.130
0.175
0.015
0.145
0.180
0.015
0.015
0.020
0.015
0.025

5209CU
5209CV
5226WA
471515
471517
2291WA
318228
318231
318232
318233
3182WA
1147WA
7096WA
3034CR
3034CU
2062WC
5095WB
5072WA
5072WB
5169WA
7213WB
65144
65148
65154
65156
65160
65162
65164
65166
65168
65170
65172
65174
65149
65151
65153
65155
65157
65161
65163
65165
65167
65169
65171
65175
65177
65179
65181
9601WD
4251WA
9687WB
5225C1
5225CZ
3336C1
0166CS
0166CT
0166WB
0094WA
3379WB
196112
1961C9
5249CK
5249CL
8834WB
7183WA
5175WA
0024WA
5161CX
7167WA
4383CK
4383CL
4383CM
5247CN
5247CQ
3115WC
7161WA
0151WA
5171WA
7164WA
7164WB
7017WB
5878WB
5038CG
9385WA
8494WA
5789WA
5789WB
7126WA
5068WA
5068WB
0017WA
8583C6
8583WB
8583WC
5264CN
5264CO
5264CP
5264CQ
6181WB
115519
115522
115524
115525
5152WA
5983WA
5040WC
1694WB
0075WA
3069WA
3662WB
5186CY
5186CZ
5026WA
5576WC
3816C7
3816C8
9571WD
6114WB
0085WA
2194C2
2194C3
2194C4
165110
1651C7
1651C8
1651C9
1651WA
0138C1
0138C2
0138C3
0138CW
0138CY
0138CZ
0096WA
0096WB
0096WC
7139WA
0083WB

WARRANTS
GASMSIA-CU
GASMSIA-CV
GBGAQRS-WA
GENM-C15
GENM-C17
GENP-WA
GENTINGC28
GENTINGC31
GENTINGC32
GENTINGC33
GENTING-WA
GOB-WA
GPA-WA
HAPSENG-CR
HAPSENG-CU
HARBOUR-WC
HEVEA-WB
HIAPTEK-WA
HIAPTEK-WB
HOHUP-WA
HOVID-WB
HSI-C44
HSI-C48
HSI-C54
HSI-C56
HSI-C60
HSI-C62
HSI-C64
HSI-C66
HSI-C68
HSI-C70
HSI-C72
HSI-C74
HSI-H49
HSI-H51
HSI-H53
HSI-H55
HSI-H57
HSI-H61
HSI-H63
HSI-H65
HSI-H67
HSI-H69
HSI-H71
HSI-H75
HSI-H77
HSI-H79
HSI-H81
HWGB-WD
IBHD-WA
IDEALUBB-WB
IHH-C1
IHH-CZ
IJM-C1
INARI-CS
INARI-CT
INARI-WB
INIX-WA
INSAS-WB
IOICORP-C12
IOICORP-C9
IOIPG-CK
IOIPG-CL
IREKA-WB
IRETEX-WA
IVORY-WA
JAG-WA
JCY-CX
JOHOTIN-WA
JTIASA-CK
JTIASA-CL
JTIASA-CM
KAREX-CN
KAREX-CQ
KBUNAI-WC
KERJAYA-WA
KGB-WA
KIMLUN-WA
KNM-WA
KNM-WB
KOMARK-WB
KPJ-WB
KSL-CG
LAYHONG-WA
LBICAP-WA
LBS-WA
LBS-WB
LONBISC-WA
LUSTER-WA
LUSTER-WB
M3TECH-WA
MAHSING-C6
MAHSING-WB
MAHSING-WC
MALAKOF-CN
MALAKOF-CO
MALAKOF-CP
MALAKOF-CQ
MALTON-WB
MAYBANKC19
MAYBANKC22
MAYBANKC24
MAYBANKC25
MBL-WA
MBMR-WA
MEDAINC-WC
MENANG-WB
MEXTER-WA
MFCB-WA
MFLOUR-WB
MHB-CY
MHB-CZ
MHC-WA
MINHO-WC
MISC-C7
MISC-C8
MITRA-WD
MKH-WB
MLAB-WA
MMCCORP-C2
MMCCORP-C3
MMCCORP-C4
MRCB-C10
MRCB-C7
MRCB-C8
MRCB-C9
MRCB-WA
MYEG-C1
MYEG-C2
MYEG-C3
MYEG-CW
MYEG-CY
MYEG-CZ
NEXGRAM-WA
NEXGRAM-WB
NEXGRAM-WC
NICE-WA
NOTION-WB

CLOSE
(RM)

+/(RM)

0.140
0.090
0.145
0.180
0.150
2.760
0.010
0.050
0.115
0.260
1.410
0.095
0.025
0.240
0.135
0.270
1.090
0.005
0.105
0.305
0.185
1.570
0.405
0.480
0.835
0.385
0.700
1.080
0.235
0.450
0.650
0.395
0.650
0.020
0.050
0.085
0.185
0.390
0.340
0.605
0.385
0.735
1.100
1.100
2.170
0.770
1.140
1.760
0.020
0.170
0.250
0.055
0.025
0.050
0.120
0.100
1.660
0.020
0.170
0.035
0.010
0.100
0.115
0.135
0.030
0.060
0.025
0.025
0.240
0.090
0.115
0.060
0.025
0.120
0.010
1.340
0.075
0.725
0.025
0.120
0.085
0.540
0.095
0.530
0.160
0.655
0.420
0.185
0.030
0.030
0.025
0.085
0.190
0.115
0.005
0.010
0.035
0.025
0.110
0.010
0.095
0.095
0.100
0.410
0.090
0.025
0.220
0.115
0.640
0.205
0.080
0.040
0.050
0.225
0.050
0.045
0.475
0.930
0.025
0.125
0.075
0.160
0.100
0.090
0.070
0.105
0.105
0.280
0.145
0.190
0.015
0.160
0.180
0.020
0.015
0.020
0.015
0.030

0.015
-0.060
0.010
-0.015
-0.015
-0.080
-0.010
-0.005
-0.020
-0.025
-0.040
-0.005
Unch
0.010
0.015
-0.040
-0.040
Unch
Unch
Unch
-0.005
-0.210
-0.095
-0.105
-0.165
-0.090
-0.165
-0.210
-0.040
-0.055
-0.245
-0.075
-0.135
-0.015
0.025
0.020
0.060
0.105
0.055
0.130
0.015
0.175
0.125
0.260
0.210
0.080
0.100
0.310
-0.005
-0.015
-0.005
-0.005
Unch
Unch
-0.010
-0.005
-0.050
Unch
Unch
-0.035
Unch
-0.105
-0.035
Unch
0.005
Unch
Unch
-0.005
-0.005
-0.010
-0.010
-0.010
-0.005
-0.005
Unch
0.010
-0.005
-0.025
0.005
-0.010
Unch
-0.005
-0.010
Unch
-0.020
-0.040
-0.030
Unch
Unch
Unch
-0.005
-0.005
-0.005
-0.005
-0.005
Unch
Unch
-0.005
Unch
-0.005
0.005
-0.010
-0.050
Unch
-0.005
Unch
Unch
-0.010
-0.015
Unch
-0.030
-0.005
Unch
-0.010
-0.005
-0.005
-0.010
-0.035
Unch
Unch
-0.005
0.005
-0.035
-0.005
-0.025
-0.015
-0.005
-0.005
-0.010
-0.015
-0.015
Unch
Unch
Unch
Unch
Unch
-0.005
0.005

VOL PARENT
EXE
(000)
PRICE PRICE
200
200
1941
825.4
250
1
280
1658.3
30
160
1297
131
200
8
101.3
10.2
364.5
5914
3819.6
70.1
601.7
24.6
49212.9
6897.4
19.8
46622.1
3353.5
0.4
16707.5
2027.5
173
1047.3
29
200.2
5715.9
174.4
467.6
36490.9
3307.8
92335.7
896
216.3
146.5
30
30
191.5
5
21.3
160
72
20
20
60
150
200
50
414.8
207.8
542.2
35
700.4
5
200
25
580.1
349.1
1613
569.1
3484.6
16
6495.7
2.6
100
202.3
729.2
145.9
50
603.4
1133.6
476.3
207.5
52
20
703.1
48
30
556.5
21.3
1471.9
272
548.7
791.8
830
723.1
1193.7
1694.1
840.1
400
481.4
659.4
20
1238.8
25
135.1
167
2
207.6
3977.1
184.5
677.1
10
150
50
290.4
60
150
431.4
367.3
60
338.8
20
147.1
20
1889.2
150
3967.4
1813.9
3023.1
6990.3
1413.5
2781.4
8640.2
120
510
193
1073.8
670
50.1

2.550
2.550
0.900
4.680
4.680
10.480
7.800
4.680
7.800
7.800
7.800
0.305
0.095
7.820
7.820
0.885
1.340
0.305
0.305
0.750
0.370
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,147
12,146
12,146
12,147
0.050
0.595
0.785
6.350
6.350
3.250
3.280
3.280
3.280
0.080
0.690
4.360
4.360
2.350
2.350
0.675
0.220
0.460
0.100
0.520
0.985
1.330
1.330
1.330
2.440
2.440
0.045
2.250
0.255
2.150
0.390
0.390
0.300
4.190
1.110
0.830
1.170
1.650
1.650
0.760
0.055
0.055
0.050
1.510
1.510
1.510
1.400
1.400
1.400
1.400
0.655
7.870
7.870
7.870
7.870
1.030
2.600
0.495
0.830
0.250
2.250
1.520
0.975
0.975
0.890
0.620
7.200
7.200
1.320
2.710
0.080
2.380
2.380
2.380
1.290
1.290
1.290
1.290
1.290
2.350
2.350
2.350
2.350
2.350
2.350
0.045
0.045
0.045
0.085
0.370

2.550
2.700
1.300
4.400
4.800
7.750
7.800
8.300
8.300
7.900
7.960
0.800
0.100
6.600
7.650
1.560
0.250
0.690
0.500
0.600
0.180
19,800
23,000
23,400
22,000
24,200
22,800
21,400
26,000
24,600
23,200
25,000
23,600
19,400
20,800
19,000
20,400
21,800
21,000
22,400
20,600
22,000
23,400
22,600
25,400
21,600
23,000
24,400
0.180
1.410
1.000
6.800
6.670
3.450
3.200
3.600
1.600
0.100
1.000
4.800
4.700
2.100
2.380
1.000
0.800
0.750
0.100
0.600
0.850
1.300
1.300
1.500
3.053
2.200
0.131
0.880
0.500
1.680
0.980
1.000
0.300
4.010
1.200
0.400
1.000
1.000
1.250
1.000
0.100
0.100
0.100
1.650
1.440
2.100
1.600
1.700
1.700
1.750
1.000
8.600
8.150
8.000
7.900
0.800
3.200
0.800
1.000
0.130
2.220
2.060
0.900
1.000
1.560
0.500
7.800
7.500
1.090
1.890
0.100
2.100
2.650
2.250
1.280
1.220
1.350
1.450
2.300
2.100
2.650
2.300
2.350
2.150
2.000
0.100
0.260
0.100
0.160
1.000

PRM
(%)
10.98
12.94
60.56
5.56
13.78
0.29
1.54
85.90
11.57
12.95
20.13
193.44
31.58
-0.26
4.73
106.78
0.00
127.87
98.36
20.67
-1.35
74.63
92.34
96.19
87.30
102.07
92.89
84.18
115.78
105.85
95.80
108.73
99.09
59.85
71.60
57.04
69.31
82.35
75.40
88.89
72.44
86.56
100.79
94.20
125.17
83.53
97.80
113.91
300.00
165.55
59.24
11.42
6.61
9.23
12.20
19.82
-0.61
50.00
69.57
14.11
8.60
2.13
15.96
68.15
277.27
76.09
25.00
20.19
10.66
18.05
15.04
21.80
29.23
4.92
213.33
-1.33
125.49
11.86
157.69
187.18
28.33
8.59
16.67
12.05
-0.85
0.30
1.21
55.92
136.36
136.36
150.00
14.90
7.95
46.69
14.82
22.86
25.18
28.57
69.47
9.59
8.63
4.67
6.73
17.48
26.54
66.67
46.99
-2.00
27.11
49.01
0.51
10.77
80.90
16.94
11.11
7.29
18.56
4.06
56.25
3.99
21.43
7.98
14.73
8.53
18.22
20.54
86.43
13.19
28.19
18.09
2.87
9.87
11.91
166.67
511.11
166.67
105.88
178.38

EXPIRY
DATE
18/05/2017
18/05/2017
20/07/2018
31/03/2017
28/04/2017
17/06/2019
23/11/2016
31/03/2017
30/12/2016
31/03/2017
18/12/2018
24/12/2019
03/06/2025
30/11/2016
30/08/2017
03/04/2021
28/02/2020
09/01/2017
23/06/2021
21/12/2018
05/06/2018
29/11/2016
29/12/2016
26/01/2017
26/01/2017
27/02/2017
27/02/2017
27/02/2017
30/03/2017
30/03/2017
30/03/2017
27/04/2017
27/04/2017
29/11/2016
29/11/2016
29/12/2016
29/12/2016
29/12/2016
26/01/2017
26/01/2017
27/02/2017
27/02/2017
27/02/2017
30/03/2017
30/03/2017
27/04/2017
27/04/2017
27/04/2017
15/03/2021
08/10/2019
30/03/2021
22/02/2017
28/02/2017
31/03/2017
09/05/2017
31/03/2017
17/02/2020
16/11/2020
25/02/2020
26/01/2017
30/12/2016
15/12/2016
28/04/2017
25/06/2019
10/06/2019
26/04/2017
14/08/2019
14/03/2017
21/11/2017
28/02/2017
06/06/2017
27/03/2017
31/01/2017
31/01/2017
20/10/2023
20/12/2017
12/06/2019
12/03/2024
15/11/2017
21/04/2020
21/01/2020
23/01/2019
06/06/2017
13/10/2021
17/04/2018
11/06/2018
04/10/2020
26/01/2020
03/06/2022
26/05/2023
21/08/2019
31/07/2017
16/03/2018
21/02/2020
30/12/2016
31/01/2017
09/05/2017
28/04/2017
29/06/2018
30/12/2016
31/01/2017
30/06/2017
27/03/2017
28/11/2022
14/06/2017
24/08/2024
09/07/2019
17/09/2018
08/04/2020
09/05/2017
30/11/2016
15/12/2016
28/07/2017
02/08/2021
30/12/2016
31/05/2017
23/08/2020
29/12/2017
24/04/2020
13/01/2017
28/02/2017
31/07/2017
28/04/2017
31/03/2017
28/02/2017
30/08/2017
14/09/2018
30/06/2017
28/04/2017
28/04/2017
23/11/2016
30/12/2016
14/03/2017
16/05/2022
21/07/2023
15/01/2024
09/08/2017
02/05/2017

Markets 2 9

THU R S DAY N OV E MBE R 1 0 , 20 16 T HEED G E FINA NCIA L DA ILY

B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S

China Shanghai stocks end lower on


US election jitters
SHANGHAI: China stocks ended lower
yesterday, but earlier losses were partially
reversed, as worries eased over an
increasingly possible shock US election
win for Republican Donald Trump.
The global market gloom was mirrored in
China, where the CSI 300 Index opened firm, but
fell 0.5% to 3,353.5 points, while the Shanghai
Composite Index (SSEC) lost 0.6% to 3,128.37.
Global markets had bet on a Democrat
Hillary Clinton victory, but every new exit poll
in the US election showed the race to be a
nail-biter, sending investors stampeding to
safe-haven assets as they braced for the
possibility of the kind of Brexit shock that
had been underpriced.
But falls in China shares typically
shielded from global market volatility by strict
capital controls were more subdued, with
benchmark indices only down slightly amid
data showing a recovery in producer prices.
The sentimental repercussions, which
analysts cited as one of the reasons for the
sell-off earlier on Tuesday, seemed to have
limited impact on a relatively strong China
market, with the benchmark SSEC having
climbed to a 10-month high on Tuesday.
All attention was on the US election,
with investors largely ignoring inflation data
showing October gains in both producer prices
and consumer prices beat expectations,
adding to fresh signs of economic recovery.

Most sectors lost ground, while material


and property stocks gained, lifted by a
strong rally in the shares in gold miners
amid a rush to safe-haven assets.
Chinese developer giant Vanke surged
as much as 10% despite overall weakness
in the market, after reports that China
Evergrande Group and its allies had
further boosted their combined stake in
Vanke to more than 10%.
Ironically, Wisesoft Co, a Chinese software
marker, bucked the broader trend, surging
nearly 10% at one point. The companys
Chinese name reads similar to Trump wins
wisely, attracting speculators who bet the
stock will benefit from a Trump victory.
It also reflects an investment culture in
China, where a stocks rise and fall often
have little to do with fundamentals.
Shares in Aucma Co Ltd, whose name
bears resemblance to Obama in Chinese
language, also became a focus of speculation
after Barack Obama became the US president.
Hong Kong stocks touched a threemonth low yesterday, losing early gains
to tumble over 2% as investors fled risky
assets as Trump claimed a shock victory
in the US presidential election.
The Hang Seng Index (HSI) fell 2.16% to
22,415.19 points, while the Hong Kong China
Enterprises Index lost 2.9% to 9,378.66.
Reflecting rising investor anxiety, the HSI
Volatility Index , a measure of market stress,
shot to a fresh high of nearly 26 at one point,
the highest level since the Brexit vote in June.

Shanghai Composite

Hang Seng
3,128.37
-19.52
(-0.62%)

4825
3850

Japan Nikkei suers biggest daily


drop since Brexit vote as Trump nears
shock victory
TOKYO: Japanese stocks dived more
than 5% yesterday, posting their biggest
daily drop since the Brexit poll in June
as investors ran for cover with television
network projections showing Republican
Donald Trump closing in on a shock victory
in the US presidential election.
The Nikkei dropped 5.36% to end at
16,251.54 points after swinging wildly in
positive and negative territory as the exit
poll results from the US vote rolled in.
The Nikkei Volatility Index jumped as
much as 35% to 30.58, the highest since
July 29. The Tokyo stock market closed
before the final results were out.
Investors are increasingly worried about the
possibility of Trump adopting protectionist policies
and backing out of international trade deals,
which would be negative for some Japanese
industries such as the auto sector, traders said.
The auto sector was the biggest loser
on the board, slumping 6.7%. Toyota Motor
Corp fell 6.5%, Honda Motor Co lost 7.8%,
and Nissan Motor Co dropped 6%.

28900

20800

3600

25625 21,056.93

17625

3300

22350

14450

19075

1900

-494.28
(-2.16%)

Nov 9, 2016

Mar 1, 2010

Bursa Malaysia Equity Derivatives


Main Market & Ace Market Warrants
YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

0.270
0.110
0.335
0.095
0.270
0.280
0.155
0.120
0.160
0.400
0.040
0.285
0.135
0.205
0.460
1.300
1.110
0.370
0.165
0.200
0.140
0.375
0.310
0.305
0.680
0.090
0.350
0.080
0.115
0.115
0.220
0.125
0.035
0.150
0.025
0.160
0.100
0.150
0.465
0.180
0.110
0.165
0.180
0.205
0.115
0.075
0.115
0.875
0.235
1.000
0.195
1.550
0.225

0.150
0.060
0.235
0.010
0.140
0.185
0.100
0.010
0.085
0.155
0.010
0.120
0.100
0.090
0.130
0.353
0.615
0.195
0.120
0.155
0.125
0.110
0.125
0.098
0.405
0.020
0.215
0.020
0.040
0.060
0.110
0.015
0.020
0.060
0.010
0.060
0.050
0.070
0.250
0.120
0.010
0.100
0.120
0.120
0.055
0.050
0.050
0.470
0.025
0.730
0.100
0.745
0.035

0.235
0.080
0.240
0.040
0.185
0.190
0.130
0.015
0.145
0.245
0.010
0.270
0.120
0.100
0.415
1.200
0.690
0.335
0.140
0.180
0.130
0.355
0.280
0.265
0.605
0.025
0.275
0.070
0.055
0.075
0.115
0.020
0.030
0.080
0.010
0.060
0.060
0.090
0.255
0.125
0.015
0.110
0.120
0.135
0.060
0.050
0.065
0.690
0.035
0.800
0.185
1.110
0.100

0.220
0.060
0.235
0.035
0.185
0.185
0.115
0.010
0.085
0.240
0.010
0.250
0.100
0.100
0.390
1.100
0.660
0.320
0.140
0.160
0.130
0.305
0.260
0.250
0.555
0.025
0.255
0.060
0.040
0.070
0.115
0.015
0.025
0.065
0.010
0.060
0.060
0.085
0.250
0.120
0.010
0.110
0.120
0.125
0.055
0.050
0.065
0.650
0.030
0.775
0.170
1.110
0.070

0172WA
7071WC
5053WC
0005WA
5125WA
129511
129512
5183C6
5183C9
9997WB
5146WA
8311WC
5681CR
6033CN
8869CP
8869WC
7088WB
4634C1
4634C2
4634C3
4634C4
4634CX
4634CZ
7168WA
8966WA
0007WA
7134WA
5256WA
1066CW
5270WA
7185WA
0133WC
0133WD
5157WA
0109WB
4731CD
0028WA
0055WA
7246WA
4197C7
521825
521827
521828
521829
521830
521833
5218HD
7155WA
0117WA
5242WA
0093WA
7103WA
8664CU

WARRANTS
OCK-WA
OCR-WC
OSK-WC
PALETTE-WA
PANTECH-WA
PBBANK-C11
PBBANK-C12
PCHEM-C6
PCHEM-C9
PENSONI-WB
PERWAJA-WA
PESONA-WC
PETDAG-CR
PETGAS-CN
PMETAL-CP
PMETAL-WC
POHUAT-WB
POS-C1
POS-C2
POS-C3
POS-C4
POS-CX
POS-CZ
PRG-WA
PRLEXUS-WA
PUC-WA
PWF-WA
REACH-WA
RHBBANK-CW
RSENA-WA
SAMUDRA-WA
SANICHI-WC
SANICHI-WD
SAUDEE-WA
SCBUILD-WB
SCIENTX-CD
SCOPE-WA
SERSOL-WA
SIGN-WA
SIME-C7
SKPETROC25
SKPETROC27
SKPETROC28
SKPETROC29
SKPETROC30
SKPETROC33
SKPETRO-HD
SKPRES-WA
SMRT-WA
SOLID-WA
SOLUTN-WA
SPRITZER-WA
SPSETIA-CU

CLOSE
(RM)

+/(RM)

0.225
0.080
0.240
0.040
0.185
0.185
0.120
0.010
0.145
0.240
0.010
0.265
0.100
0.100
0.415
1.170
0.675
0.320
0.140
0.165
0.130
0.325
0.260
0.260
0.585
0.025
0.260
0.065
0.055
0.070
0.115
0.020
0.030
0.075
0.010
0.060
0.060
0.085
0.255
0.125
0.010
0.110
0.120
0.130
0.055
0.050
0.065
0.660
0.035
0.800
0.180
1.110
0.075

-0.010
0.005
Unch
Unch
0.045
-0.025
-0.005
-0.010
-0.015
-0.020
-0.005
-0.005
Unch
-0.005
-0.005
-0.070
-0.020
0.010
Unch
-0.010
0.005
-0.020
-0.015
0.005
-0.025
Unch
-0.015
0.005
0.005
-0.005
Unch
0.005
Unch
-0.005
Unch
-0.010
-0.020
-0.005
-0.005
-0.010
-0.005
Unch
-0.010
-0.010
-0.015
-0.025
0.005
-0.025
Unch
0.020
-0.005
-0.070
-0.030

VOL PARENT
EXE
(000)
PRICE PRICE
12477
9.1
98.5
1447.9
0.1
110
1028.4
341
285.2
458.7
100
2027.9
12.5
0.2
947
1844.5
711.4
140
5
292.8
10
1994.9
575
642.3
616.4
319
417
98713.2
3337.5
4381.2
150
1258.9
5636.5
1240.1
280
14
1
200
110.1
200
1611
50
50
2493.1
1243.6
100
80
374.5
782.2
27.2
2477.2
1.3
464.3

0.800
0.380
1.480
0.065
0.540
19.679
19.680
6.910
6.910
0.670
0.065
0.470
23.400
21.980
1.620
1.620
1.560
4.000
4.000
4.000
4.000
4.000
4.000
0.635
1.530
0.060
0.760
0.735
4.730
0.425
0.415
0.070
0.070
0.295
0.040
6.600
0.145
0.125
0.800
8.200
1.480
1.480
1.480
1.480
1.480
1.480
1.480
1.310
0.175
1.300
0.280
2.340
3.160

0.710
0.500
1.800
0.040
0.600
20.000
19.550
6.900
7.000
0.600
1.000
0.250
23.400
21.200
1.107
1.100
1.000
3.600
4.000
4.000
4.600
3.100
3.000
0.375
1.200
0.100
0.620
0.750
5.000
0.500
0.300
0.210
1.000
0.500
0.050
6.500
0.150
0.180
0.970
8.400
2.000
1.400
1.400
1.400
1.990
1.800
1.600
0.650
0.180
0.500
0.200
1.180
3.200

PRM
(%)
16.88
52.63
37.84
23.08
45.37
7.74
3.61
0.58
8.65
25.37
1,454
9.57
5.13
1.91
0.36
40.12
7.37
12.40
17.50
16.50
29.63
1.88
4.25
0.00
16.67
108.33
15.79
10.88
10.36
34.12
0.00
228.57
1,372
94.92
50.00
7.58
44.83
112.00
53.13
10.06
37.50
13.18
14.86
12.16
41.89
28.38
25.68
0.00
22.86
0.00
35.71
-2.14
6.01

16,251.54

EXPIRY
DATE
15/12/2020
24/07/2021
22/07/2020
20/03/2018
21/12/2020
28/02/2017
31/07/2017
30/11/2016
29/09/2017
20/01/2024
28/02/2022
27/01/2020
30/06/2017
31/03/2017
17/02/2017
22/08/2019
21/10/2020
28/02/2017
27/03/2017
30/08/2017
28/04/2017
13/01/2017
31/01/2017
06/07/2019
14/06/2021
25/12/2024
20/07/2021
12/08/2022
31/05/2017
01/12/2023
02/01/2018
24/09/2019
21/07/2019
31/03/2021
06/11/2019
13/01/2017
17/07/2020
18/04/2023
21/04/2021
28/02/2017
26/01/2017
31/01/2017
17/03/2017
31/05/2017
28/02/2017
18/05/2017
26/01/2017
27/06/2017
01/08/2017
16/12/2020
04/07/2021
13/12/2016
31/01/2017

2,774.06

2700

2,789.88

-919.84
(-5.36%)

-30.36
(-1.08%)

2400

8100

Nov 9, 2016

Index points

3000

10,172.06

11275

22,415.19

15800

Mar 1, 2010

FT Straits Times
Index points

Index points

3,087.842
2875

Strong pessimism weighs in the market,


and the market would probably suffer
extended drops for about a week, said
Akio Yoshino, chief economist of investment
management division at Amundi Japan.
He added that investors will focus on
whether the government will be ready to
announce measures to counter the impact
on the market and the yen.
The US dollar was down 2.6% at
102.35 after dropping more than 3%
during a volatile day that saw it rise to
105.48 earlier. A strong yen eats into the
repatriated profits of Japanese exporters,
weakening their ability to invest abroad.
High-beta financials were also battered,
with Nomura Holdings shedding 6.2% and
Mitsubishi UFJ Financial Group falling 5.9%.
Both trading volume and turnover in the cash
market were heavy and hit the highest since
February, with 3.8 billion shares, with a trading
value worth 3.92 trillion, changing hands
on the Tokyo Stock Exchanges first section.
Nikkei futures saw heavy trade as well, with
268,420 contracts transacted, the largest volume
since August 2015 and the fourth largest ever.
Over time, the effects of the election
on Japan and the rest of the world will
depend on the actual path of US policies,
said Jeremy Osborne, investment director
of Fidelity International in Japan.
He added that the fate of the Trans-PacificPartnership free-trade deal and closer ties
with Russia are key policies which could be
affected by the election results. Reuters

Nikkei 225

Index points

5800

Trump, who has stoked uncertainty over his


stance on foreign policy, trade and immigration,
rattled world markets that had expected Clinton
to defeat the political outsider.
Many investors drew comparisons with
the Brexit vote, taking investors by surprise.

Mar 1, 2010

Nov 9, 2016

YEAR
HIGH

YEAR
LOW

DAY
HIGH

DAY
LOW

CODE

0.095
0.075
0.155
0.160
0.180
0.345
0.275
0.075
0.955
0.110
0.140
0.170
0.750
3.560
0.030
0.165
0.090
0.315
0.765
0.460
0.160
0.170
0.060
0.390
0.250
0.200
0.125
0.085
0.165
0.085
0.120
0.055
0.075
0.320
0.165
0.055
0.250
0.165
0.192
0.228
0.050
0.165
0.515
0.165
0.290
0.235
0.125
0.746
0.025
0.075
0.085
0.185
0.280
0.205
0.450
0.235
0.190

0.030
0.020
0.085
0.070
0.080
0.155
0.150
0.040
0.620
0.050
0.035
0.025
0.360
0.890
0.015
0.015
0.070
0.130
0.410
0.275
0.035
0.015
0.005
0.230
0.140
0.080
0.005
0.030
0.050
0.040
0.070
0.050
0.050
0.085
0.025
0.020
0.070
0.080
0.056
0.090
0.025
0.105
0.195
0.055
0.155
0.140
0.085
0.490
0.005
0.005
0.040
0.025
0.100
0.075
0.300
0.020
0.075

0.030
0.025
0.110
0.080
0.090
0.165
0.150
0.060
0.840
0.100
0.040
0.025
0.375
2.900
0.015
0.025
0.085
0.290
0.675
0.380
0.040
0.025
0.010
0.280
0.155
0.090
0.010
0.035
0.060
0.040
0.070
0.055
0.055
0.095
0.035
0.020
0.085
0.080
0.080
0.105
0.040
0.125
0.295
0.120
0.230
0.205
0.095
0.625
0.010
0.010
0.045
0.110
0.145
0.130
0.365
0.085
0.085

0.030
0.020
0.085
0.070
0.080
0.155
0.150
0.055
0.830
0.085
0.035
0.025
0.375
2.750
0.015
0.015
0.070
0.275
0.630
0.350
0.035
0.015
0.005
0.280
0.155
0.085
0.005
0.030
0.050
0.040
0.070
0.050
0.050
0.085
0.025
0.020
0.070
0.080
0.065
0.090
0.030
0.115
0.275
0.090
0.210
0.190
0.085
0.575
0.005
0.010
0.040
0.090
0.135
0.105
0.350
0.085
0.075

1201WA
1201WB
5263CE
710618
710619
7082WB
1538WB
5158CC
5191WA
0132WA
534728
534729
7252WA
7034WA
7079WC
486312
486314
0101WB
8397WC
7285WA
7113C6
5054WA
0118WA
5401WA
5042WB
5230CG
514828
514830
514831
514832
514833
514835
514836
4588CY
5243C7
5243C8
7091WA
5005CQ
0069WB
0069WC
7070WB
6963CH
6963WA
9679CX
9679WD
9679WE
5246CP
7245WA
0095WA
5155WA
0165WA
7020WB
4677C4
6742CW
6742WB
7028WA
2283WA

WARRANTS
SUMATEC-WA
SUMATEC-WB
SUNCON-CE
SUPERMX-C18
SUPERMX-C19
SYF-WB
SYMLIFE-WB
TAGB-CC
TAMBUN-WA
TDEX-WA
TENAGA-C28
TENAGA-C29
TEOSENG-WA
TGUAN-WA
TIGER-WC
TM-C12
TM-C14
TMCLIFE-WB
TNLOGIS-WC
TOMYPAK-WA
TOPGLOV-C6
TRC-WA
TRIVE-WA
TROP-WA
TSRCAP-WB
TUNEPRO-CG
UEMS-C28
UEMS-C30
UEMS-C31
UEMS-C32
UEMS-C33
UEMS-C35
UEMS-C36
UMW-CY
UMWOG-C7
UMWOG-C8
UNIMECH-WA
UNISEM-CQ
VIVOCOM-WB
VIVOCOM-WC
VIZIONE-WB
VS-CH
VS-WA
WCT-CX
WCT-WD
WCT-WE
WPRTS-CP
WZSATU-WA
XINGHE-WA
XINQUAN-WA
XOX-WA
YKGI-WB
YTL-C4
YTLPOWR-CW
YTLPOWR-WB
ZECON-WA
ZELAN-WA

Mar 1, 2010

CLOSE
(RM)

+/(RM)

0.030
0.025
0.095
0.080
0.080
0.165
0.150
0.055
0.840
0.100
0.040
0.025
0.375
2.860
0.015
0.015
0.080
0.285
0.660
0.350
0.035
0.025
0.005
0.280
0.155
0.085
0.005
0.030
0.055
0.040
0.070
0.050
0.050
0.085
0.035
0.020
0.085
0.080
0.075
0.100
0.030
0.115
0.280
0.105
0.230
0.200
0.095
0.575
0.010
0.010
0.040
0.095
0.135
0.105
0.355
0.085
0.085

Unch
Unch
-0.020
0.005
Unch
Unch
-0.005
0.015
-0.015
Unch
Unch
-0.010
Unch
-0.040
Unch
-0.005
0.005
-0.005
-0.015
-0.010
-0.005
0.005
Unch
0.010
-0.010
-0.020
Unch
-0.005
-0.010
-0.010
-0.005
-0.100
-0.005
-0.025
0.005
-0.010
Unch
Unch
0.005
0.005
Unch
Unch
-0.015
-0.010
Unch
-0.005
-0.010
-0.045
Unch
0.005
Unch
-0.025
-0.005
-0.015
-0.020
Unch
-0.010

Nov 9, 2016

VOL PARENT
EXE
(000)
PRICE PRICE
100
5736.1
733.2
940.2
810
1426.1
28.9
160
13
120
688.2
103
80
47.6
60
200
553.3
1616.3
1278.3
223
950.9
1047.4
3199.7
91
20
2025.1
8394.2
5374.2
3646
20
100
1
322.2
306.1
549.8
1200
469.5
165
10328.7
3104.2
305.2
130
2049.1
5112.8
1521.9
5178.1
200
110
1025.1
25
690.8
13147.3
276.1
513.3
75.7
150
860.2

0.055 0.320
0.055 0.175
1.620 1.500
2.120 2.200
2.120 2.200
0.520 0.700
0.670 1.100
0.250 0.270
1.470 0.600
0.165 0.110
14.280 14.400
14.280 15.100
1.110 1.350
4.030 1.500
0.045 0.080
6.490 6.500
6.490 6.700
0.980 0.750
1.680 1.000
1.700 2.290
4.850 5.150
0.420 0.500
0.090 0.100
1.020 1.000
0.460 0.700
1.600 1.650
1.030 1.050
1.030 1.400
1.030 1.150
1.030 1.350
1.030 1.080
1.030 1.380
1.030 1.200
5.460 5.700
0.815 1.000
0.815 1.150
1.090 1.500
2.370 2.250
0.170 0.200
0.170 0.100
0.130 0.200
1.400 1.200
1.400 1.650
1.800 1.600
1.800 1.710
1.800 2.080
4.330 4.400
1.090 0.500
0.030 0.100
0.100 1.000
0.115 0.200
0.270 0.500
1.580 1.500
1.430 1.400
1.430 1.140
0.590 1.060
0.150 0.250

Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants

PRM
(%)
536.36
263.64
4.32
13.21
13.21
66.35
86.57
19.00
-2.04
27.27
2.80
6.79
55.41
8.19
111.11
0.85
6.32
5.61
-1.19
55.29
9.79
25.00
16.67
25.49
85.87
19.06
3.40
43.20
19.66
42.72
18.45
38.83
28.64
12.18
26.99
46.75
45.41
8.44
61.76
17.65
76.92
6.25
37.86
0.56
7.78
26.67
8.20
-1.38
266.67
910.00
108.70
120.37
3.48
5.24
4.55
94.07
123.33

EXPIRY
DATE
03/03/2021
13/11/2018
30/12/2016
28/04/2017
31/01/2017
11/11/2019
11/11/2020
22/02/2017
30/05/2017
21/09/2018
28/02/2017
30/11/2016
29/01/2020
09/10/2019
11/02/2021
30/11/2016
29/09/2017
21/06/2019
26/12/2018
21/06/2021
28/02/2017
20/01/2017
06/01/2017
06/12/2019
28/12/2020
31/03/2017
28/11/2016
28/02/2017
30/06/2017
10/07/2017
28/04/2017
28/04/2017
28/04/2017
31/05/2017
31/05/2017
28/02/2017
18/09/2018
14/03/2017
07/09/2018
22/01/2020
20/06/2018
31/01/2017
06/01/2019
30/12/2016
11/12/2017
27/08/2020
31/07/2017
28/10/2024
22/03/2019
24/06/2019
10/02/2019
28/05/2020
31/03/2017
31/05/2017
11/06/2018
03/03/2017
25/01/2019

3 0 Markets

T HU R SDAY N OVEM B ER 1 0 , 2 0 16 TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Trading themes

Insider moves (Filings on Nov 7, 2016)

Market reaction to US presidential election

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the companys outlook.
COMPANY

SHARES ACQUIRED
(DISPOSED)

DIRECTOR/SUBSTANTIAL
SHAREHOLDER

SHARES HELD
AFTER CHANGE

TRANSACTION
DATE

(2,404,300) KUMPULAN WANG PERSARAAN


65,291,220
(DIPERBADANKAN)
BIMB HOLDINGS
26,100,000 LEMBAGA TABUNG HAJI
847,654,000
CAM RESOURCES
(14,000,000) TAN HONG CHENG
24,117,705
CAPITALAND (M) MALL TRUST
(2,000,000) EMPLOYEES PROVIDENT FUND BOARD
214,636,400
CAPITALAND (M) MALL TRUST
1,331,200 KUMPULAN WANG PERSARAAN
134,152,100
(DIPERBADANKAN)
DIALOG GROUP
1,556,000 KUMPULAN WANG PERSARAAN
340,158,616
(DIPERBADANKAN)
DIALOG GROUP
3,000,000 EMPLOYEES PROVIDENT FUND BOARD
680,473,204
DIGI.COM
2,000,000 KUMPULAN WANG PERSARAAN
394,576,300
(DIPERBADANKAN)
DIGI.COM
932,500 EMPLOYEES PROVIDENT FUND BOARD
937,863,940
FELDA GLOBAL VENTURES HOLDINGS 916,000 LEMBAGA TABUNG HAJI
285,126,100
FELDA GLOBAL VENTURES HOLDINGS 788,100 KUMPULAN WANG PERSARAAN
245,741,000
(DIPERBADANKAN)
FRASER & NEAVE HOLDINGS
668,400 EMPLOYEES PROVIDENT FUND BOARD
26,398,130
GAMUDA
821,200 EMPLOYEES PROVIDENT FUND BOARD
291,988,605
GAMUDA
1,238,900 KUMPULAN WANG PERSARAAN
167,925,100
(DIPERBADANKAN)
IHH HEALTHCARE
3,360,700 EMPLOYEES PROVIDENT FUND BOARD
790,860,300
IJM CORPORATION
942,200 EMPLOYEES PROVIDENT FUND BOARD
521,562,958
IOI CORPORATION
2,000,000 EMPLOYEES PROVIDENT FUND BOARD
439,658,173
KPJ HEALTHCARE
(2,174,700) EMPLOYEES PROVIDENT FUND BOARD
133,973,595
MAH SING GROUP
(1,408,500) KUMPULAN WANG PERSARAAN
121,458,247
(DIPERBADANKAN)
MALAKOFF CORPORATION
(3,810,000) KUMPULAN WANG PERSARAAN
417,691,134
(DIPERBADANKAN)
MALAYAN BANKING
2,319,500 EMPLOYEES PROVIDENT FUND BOARD 1,506,646,237
MAXIS
1,830,000 EMPLOYEES PROVIDENT FUND BOARD
680,794,600
MISC
3,575,900 EMPLOYEES PROVIDENT FUND BOARD
303,588,511
NEXGRAM HOLDINGS
(30,000,000) TEY POR CHEN
122,797,699
PETRONAS CHEMICALS GROUP
5,437,000 EMPLOYEES PROVIDENT FUND BOARD
807,061,100
POS MALAYSIA
(1,618,900) KUMPULAN WANG PERSARAAN
62,379,400
(DIPERBADANKAN)
PUBLIC BANK
3,562,200 EMPLOYEES PROVIDENT FUND BOARD
494,674,210
SASBADI HOLDINGS
4,007,900 EMPLOYEES PROVIDENT FUND BOARD
19,904,400
SIME DARBY
(536,900) EMPLOYEES PROVIDENT FUND BOARD
741,508,433
TELEKOM MALAYSIA
(2,075,000) EMPLOYEES PROVIDENT FUND BOARD
586,160,230
TENAGA NASIONAL
(14,924,000) AMANAHRAYA TRUSTEES
358,262,100
- SKIM AMANAH SAHAM BUMIPUTERA
TENAGA NASIONAL
984,200 EMPLOYEES PROVIDENT FUND BOARD
871,422,782
TOP GLOVE CORPORATION
(1,000,000) EMPLOYEES PROVIDENT FUND BOARD
114,498,746
UEM SUNRISE
1,000,000 LEMBAGA TABUNG HAJI
313,033,000
WCT HOLDINGS
(1,830,000) KUMPULAN WANG PERSARAAN
77,638,688
(DIPERBADANKAN)
WCT HOLDINGS
1,611,600 EMPLOYEES PROVIDENT FUND BOARD
100,746,550
WESTPORTS HOLDINGS
(2,342,900) EMPLOYEES PROVIDENT FUND BOARD
184,742,700
YTL CORPORATION
3,000,000 EMPLOYEES PROVIDENT FUND BOARD
727,334,447

27, 28
& 31/10
4/11
7/11
3/11
21, 27, 28
& 31/10
28/10

BERMAZ AUTO

3/11
28/10
3/11
3 & 4/11
27 & 28/10
3/11
3/11
31/10
3/11
3/11
3/11
2 & 3/11
27 & 28/10
27, 28
& 31/10
3/11
2 & 3/11
2 & 3/11
3/11
3/11
27, 28
& 31/10
3/11
3/11
3/11
2 & 3/11
2 & 3/11
1 & 2/11
3/11
4/11
28 & 31/10
3/11
3/11
3/11

While every eort is made to ensure accuracy, the information presented is not an exhaustive list and is not an ocial record of shareholder
lings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the ocial lings led with
Bursa Malaysia.
Note: * denotes Ace Market

Local events to watch out for today


The Academy of Sciences Malaysia holds Tetra Pak and Forest Stewardship Council
Malaysia 2050 Mega Science 3.0 National
launches The Pack That Grows Back
Forum & Exhibition at Matrade Hall,
campaign at Sunway Pyramid, Petaling
Matrade Tower, Kuala Lumpur, from
Jaya, Selangor from 10am to noon.
8.30am to 1pm.
British Airways holds programme that
The Malaysia Australia Business Council
will enable businesses to maximise on
is organising the regional conference
their travel budget conducted by Robert
Trading Up: Accessing Opportunities
Williams, British Airways head of Asia
for Australian Business in Asia at Kuala
Pacific sales, at Grand Millennium Hotel,
Lumpur Convention Centre on today and
Jalan Bukit Bintang, Kuala Lumpur at
tomorrow. Opening session at 9am.
10.30am.
UOB Malaysias 2017 Economic Outlook Opening ceremony of 11th Asia
for Malaysia with Julia Goh, economist at
Pacific Mineral Resource Exhibition &
UOB Malaysia, at Level 17, Menara UOB,
Conference at PWTC, Kuala Lumpur at
Jalan Raja Laut, Kuala Lumpur at 10am.
noon.

Stocks closest to year low

Stocks closest to year high


STOCK

HIGH
(RM)

LOW
(RM)

CLOSE
(RM)

VOLUME
('000)

EKOVEST
2.430
2.260
2.350 17993.8
EKOVEST-WB
1.370
1.200
1.290
5765.1
ARMADA-C20
0.110
0.105
0.105
2000
PERSTIM
6.970
6.620
6.870
93
BJASSET
0.980
0.950
0.980
498
HSI-H77
0.850
0.680
0.770
191.5
FBMKLCI-H2F
0.165
0.145
0.160
200
BKAWAN
18.400 18.300 18.300
10.2
HSI-H71
1.100
0.955
1.100
30
HSI-H79
1.140
1.140
1.140
5
HSI-H81
1.760
1.640
1.760
21.3
SP500-H3
0.810
0.715
0.810
107
UEMS-C35
0.055
0.050
0.050
1
This table shows stocks that are trading near their year high. This
could suggest a build-up in buying momentum, or the possibility that
prot-taking activities could set in later.

STOCK

HIGH
(RM)

LOW
(RM)

CLOSE
(RM)

VOLUME
('000)

MNC
0.080
0.070
0.075
7476.3
DAYANG
0.770
0.730
0.750
1547.9
SPSETIA-PR
0.065
0.015
0.050 25178.8
TEOSENG
1.140
1.090
1.110
1272.5
ARMADA-C20
0.110
0.105
0.105
2000
BCMALL
0.195
0.180
0.185
8695.2
NAIM
1.420
1.370
1.380
559.4
SUNCON-CE
0.110
0.085
0.095
733.2
K1
0.170
0.155
0.160
2625.6
HSI-C60
0.510
0.300
0.385 46622.1
HSI-C68
0.540
0.355
0.450
2027.5
HSI-C62
0.830
0.595
0.700
3353.5
HSI-C54
0.605
0.370
0.480
6897.4
This table shows stocks that are trading near their year low. This
could suggest a build-up in selling momentum, or the possibility that
bargain hunting could set in later.

Foreign exchange rates


NZ

NZ $

EURO

0.659

US

SWISS

BRIT CANADA BRUNEI SPORE

AUST

MSIA

CHINA

BANGLH

DENMK

UAE

INA

INDIA

JAPAN NORWAY

PHIL

QATAR

SAUDI SWEDEN

THAI

HK

0.731

0.710

0.587

0.981

1.016

1.016

0.952

3.0917

4.952

57.368

4.902

2.685

9,572

48.568

75.363

6.008

35.617

2.661

2.741

6.584

25.516

5.667

1.110

1.078

0.891

1.489

1.543

1.543

1.446

4.6940

7.518

87.100

7.443

4.076

14,533

73.739

114.421

9.122

54.075

4.040

4.162

9.996

38.739

8.605

EURO

1.518

US $

1.368

0.901

SWISS FR

1.408

0.927

1.029

STERLING

1.704

1.122

1.245

1.210

CANADA $

1.020

0.672

0.745

0.724

0.598

BRUNEI $

0.984

0.648

0.719

0.699

0.578

0.965

SINGAPORE $

0.984

0.648

0.719

0.699

0.578

0.965

0.972

0.803

1.342

1.390

1.390

1.303

4.2300

6.775

78.490

6.707

3.673

13,096

66.450

103.110

8.220

48.730

3.641

3.750

9.008

34.910

7.754

0.826

1.381

1.431

1.431

1.341

4.3527

6.972

80.767

6.902

3.780

13,476

68.377

106.101

8.458

50.143

3.746

3.859

9.269

35.923

7.979

1.671

1.731

1.731

1.623

5.2680

8.438

97.751

8.353

4.574

16,310

82.756

128.413

10.237

60.688

4.534

4.670

11.218

43.476

9.657

1.036

1.036

0.971

3.1522

5.049

58.491

4.998

2.737

9,759

49.519

76.838

6.126

36.314

2.713

2.795

6.713

26.015

5.778

1.000

0.937

3.0425

4.873

56.455

4.824

2.642

9,420

47.795

74.164

5.912

35.050

2.619

2.697

6.479

25.110

5.577

0.937

3.0425

4.873

56.455

4.824

2.642

9,420

47.795

74.164

5.912

35.050

2.619

2.697

6.479

25.110

5.577

1.000

AUSTRALIA $

1.050

0.692

0.767

0.746

0.616

1.030

1.067

1.067

3.2465

5.200

60.241

5.148

2.819

10,051

51.000

79.137

6.309

37.400

2.794

2.878

6.913

26.793

5.951

MALAYSIA RM

0.323

0.213

0.236

0.230

0.190

0.317

0.329

0.329

0.308

1.0000

1.602

18.556

1.586

0.868

3,096

15.709

24.376

1.943

11.520

0.861

0.887

2.129

8.253

1.833

20.194

13.301

14.760

14.344

11.852

19.807

20.521

20.521

19.231

62.4350

1,159

98.998

54.214

193,297

980.803

1,522

121.327

719.256

53.737

55.353

132.954

515.272

114.450

1.743

1.148

1.274

1.238

1.023

1.710

1.771

1.771

1.660

5.3892

8.632

8.545

4.680

16,685

84.660

131.367

10.473

62.084

4.638

4.778

11.476

44.477

9.879

100 DANISH KRONER

20.399

13.436

14.909

14.489

11.972

20.007

20.729

20.729

19.426

63.0670

101.01

54.762

195,254

990.73

1,537

122.56

726.54

54.28

55.91

134.30

520.49

115.61

100 UAE DIRHAM

37.250

24.534

27.226

26.458

21.861

36.535

37.852

37.852

35.473 115.1647

184.46

2,137

182.61

1,809

2,807

223.79

1,327

99.12

102.10

245.24

950.45

211.11

1000 INA RUPIAH

0.104

0.069

0.076

0.074

0.061

0.102

0.106

0.106

0.099

0.3230

0.517

5.993

0.512

0.280

5.074

7.873

0.628

3.721

0.278

0.286

0.688

2.666

0.592

100 INDIA RUPEE

2.059

1.356

1.505

1.462

1.208

2.019

2.092

2.092

1.961

6.3657

10.196

118.119

10.094

5.527

155.170

12.370

73.333

5.479

5.644

13.556

52.536

11.669

100 CHINESE RMB


100 BANGLADH TAKA

100 JAPAN YEN


100 NORWEGIAN KRONER
100 PHILIPPINE PESO
100 QATAR RIYAL

1,170

356,547
19,708

1.327

0.874

0.970

0.942

0.779

1.301

1.348

1.348

1.264

4.1024

6.571

76.122

6.505

3.562

12,701

64.445

16.645

10.963

12.165

11.823

9.768

16.325

16.914

16.914

15.851

51.4600

82.422

955

81.596

44.684

159,319

808.395

1,254

7.972

2.674

2.808

1.849

2.052

1.994

1.648

2.754

2.853

2.853

8.6805

13.903

161.072

13.764

7.537

26,875

136.364

211.596

16.868

37.580

24.752

27.467

26.693

22.055

36.859

38.188

38.188

35.788 116.1864

186.092

2,156

184.227

100.887

359,710

1,825

2,832

225.780

47.260

3.531

3.637

8.736

33.857

7.520

592.823

44.291

45.623

109.583

424.696

94.332

7.471
1,338

7.696

18.485

71.640

15.912

103.008

247.416

958.879

212.983

930.882

206.764

387.558

86.083

100 SAUDI RIYAL

36.483

24.029

26.665

25.914

21.411

35.783

37.073

37.073

34.743 112.7940

180.658

2,093

178.848

97.941

349,207

1,772

2,749

219.188

1,299

97.080

100 SWEDISH KRONOR

15.189

10.004

11.102

10.789

8.914

14.898

15.435

15.435

14.465

46.9600

75.214

871.371

74.460

40.776

145,387

737.704

1,145

91.255

540.983

40.418

41.633

3.919

2.581

2.865

2.784

2.300

3.844

3.983

3.983

3.732

12.1169

19.407

224.836

19.213

10.521

37,514

190.347

295.361

23.546

139.588

10.429

10.743

25.803

17.645

11.622

12.896

12.533

10.355

17.306

17.930

17.930

16.803

54.5520

87.374 1,012.245

86.498

47.369

168,892

856.968

1,330

106.009

628.443

46.952

48.364

116.167

100 THAI BAHT


100 HK$

240.192

22.212
450.214

Note: Run your nger down the left-hand side until you reach the country of origin you plan to exchange. Then move your nger until that line intersects with the vertical column of the currency you wish to buy. The gure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.

Markets 3 1

THU R S DAY N OV E MB E R 1 0 , 20 16 T HEED G E FINA NCIA L DA ILY

FUTURES . MONEY MARKET . COMMODITIES

Money market

Index futures
Index points

US Dollar

Long Rolls - KLCI futures

FKLI
Open Interest

USD Index

Index points

1,647.00 90000

18.00

1790

68000

4.75

94.25

1600

46000

-8.50

86.50

1410

24000

-21.75

78.75

1220

2000

-35.00

1980

Klibor

-0.50

(-13.50)

102.00

(Unch)

Implied interest rate (%)


97.246

4.5

(-0.615)

3.38

(Unch)
3.5

Jan 4, 2010

2.5

71.00

Jan 4, 2010

Nov 9, 2016

FBM KLCI futures


contracts close lower

Nov 9, 2016

FBM KLCI futures


INDEX AND FUTURES
CONTRACT

LAST

CHANGE

VOLUME

OPEN CHANGE IN
INTEREST OPEN INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,647.62 -16.20 129.3M
1,647.00 -13.50
13,718 47,787
1,403
Malaysia Derivatives closed lower yesterday. NOV 16
1,646.50 -14.50
666
1,704
-108
November 2016 fell 13.5 points to 1,647; DEC 16
MAR 17
1,640.00 -13.00
78
209
-7
December 2016 lost 14.5 points to 1,646.5; JUN 17
1,630.50 -12.00
33
59
-1
March 2017 slid 13 points to 1,640; and June TOTAL
14,495 49,759
1,287
2017 declined 12 points to 1,630.5.
BID
OFFER
CLOSE
Turnover increased to 14,495 lots from FUTURES ROLL OVER
-0.5
-1.0
-0.5
9,065 lots on Tuesday, while open interest NOV/DEC
widened to 49,757 contracts from 43,042 FUTURES FAIR VALUE
CONTRACT
DAYS TO EXPIRY
KLIBOR DIVIDEND FAIR VALUE
contracts previously.
16
22
3.00
2.54
0.46
The underlying benchmark FBM KLCI NOV
DEC 16
52
7.28
5.09
2.19
finished 16.20 points weaker at 1,647.62.
ROLLS FAIR
1.73
Southeast Asian stock markets plunged
yesterday after Republican Donald Trumps
shock victory in the US presidential election,
with the Philippines dipping to its lowest
since May 10, when Rodrigo Duterte was stocks lost around 1% each, with energy
elected president.
stocks performing poorly across the board
Singapore, Indonesia and Malaysian on weakened oil prices. Agencies

Commodities

Nov 9, 2016

US dollar falls, Mexican


peso hits record low
The US dollar fell and the Mexican peso
plunged to a record low yesterday as stunned
investors digested the news that billionaire
businessman Donald Trump had won the
US presidential election.
Republican candidate Trump sent shock
waves around global financial markets
by defeating heavily favoured Democrat
candidate Hillary Clinton. Trumps victory
fuelled fears of economic and political
uncertainty and called into question the rise
in US interest rates that had been expected
in December.
Markets initially entered full risk-aversion
mode, with investors scurrying out of the US
dollar and Mexican peso and into perceived
safe-havens such as the Japanese yen, which
gained as much as 4% at one point to hit a sixweek high of 100.75 per US dollar. Reuters

1.5
Oct 1, 2000

CPO vs Soyoil
Open Interest

4200

200000

CPO RM/tonne

Soyoil US$/Ibs

Klibor
MONTH

6400

Gold

US$/bbl

US$/troy oz

0.7300

155.00

45.26

152500

5075

(RM3,308/tonne) 0.5475

121.25

2700

105000

3750

0.3650

87.50

1340

57500

2425

0.1825

53.75

1020

Jan 6, 2008

CHANGE

96.62
96.62
96.62
96.62
96.57
96.53
96.48
96.48
96.48
96.48
96.48
96.48
96.48
96.48
96.48
96.48
96.48
96.48
96.48
96.48
96.48
96.48

VOLUME

OPEN
INTEREST

1980

3450

1200

SETTLEMENT
PRICE

NOV6
DEC6
JAN7
MAR7
JUN7
SEP7
DEC7
MAR8
JUN8
SEP8
DEC8
MAR9
JUN9
SEP9
DEC9
MAR0
JUN0
SEP0
DEC0
MAR1
JUN1
SEP1
TOTAL

Crude Oil

0.3552

1950

Nov 9, 2016

CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.

CPO & Open Interest


CPO RM/tonne

Oct 2, 2006

2,839
(-4)

10000

Nov 9, 2016

Palm supported by higher price


outlook, weather expectations

(-4)

Jan 6, 2008

0.0000

Nov 9, 2016

CPO futures
CONTRACT

NOV-16
DEC-16
JAN-17
FEB-17
MAR-17

LAST

2,866
2,844
2,839
2,835
2,823

CHANGE

12
-1
-4
-2
-7

VOLUME

23
1,149
23,298
7,754
5,071

OPEN CHANGE IN
INTEREST OPEN INTEREST

257
20,012
77,812
34,760
33,618

1660

1,304.30

(+29.80)

2,839
1100

(+0.28)

-86
-586
2,621
2,910
2,972

Malaysian palm oil futures dipped at the


close yesterday but trading sentiment
remained supported by a leading analysts
CPO/SOYOIL
upward revision of the price outlook ahead CPO FUTURES
INDICATIVE ROLL-OVER FUTURES BASIS (USD)
of monsoon rains.
CURRENT
-117.23
NOV/DEC
22
Benchmark palm oil futures for January NOV/JAN
3 MONTHS AVERAGE
-93.05
27
on Bursa Malaysia Derivatives were down NOV/FEB
6 MONTHS AVERAGE
-86.73
31
0.14% at RM2,839 a tonne at the close.
DEC/JAN
5
A trader based in Kuala Lumpur said the SGS & ITS EXPORT ESTIMATES (TONNES)
AUG16
SEP16
OCT16
market was influenced by the revision of the SHIPMENT DAYS
466/456
396/380
404/421
price outlook by leading industry analyst, 1 - 10TH DAYS
751/733
668/670
633/628
Dorab Mistry at an industry conference in 1- 15TH DAYS
1 - 20TH DAYS
1,045/1,027
917/914
806/801
China yesterday.
1 - 25TH DAYS
1,316/1,317
1,109/1,112
998/991
Mistry now forecasts palm to be at FULL MONTH
1,621/1,621
1,366/1,378 1,296/1,289
RM2,500. He had been more bearish, but MALAYSIAN PALM OIL BOARD
JUN16
JUL16
AUGP16
SEPT16
now recognises that it is coming to the
1,533
1,586
1,702
1,715
monsoon season, he said, noting that rains PRODUCTION
EXPORT
1,132
1,384
1,812
1,451
are expected to slow production down.
STOCKS
1,776
1,771
1,464
1,547
The market is influenced by the
MPOB Palm oil physical
forthcoming weather conditions. Seasonally,
NOV2016
DEC2016
JAN2017
November and December are when (IN RM/TON)
DELD
2,833 NO TRADE
2,757
production drops due to the rains, he added. CPO
PK EX-MILL
NO TRADE NO TRADE NO TRADE
Palm oil futures will drop to RM2,500 CPKO DELD
6,472 NO TRADE NO TRADE
by the end of December, Mistry said at RBD P.OIL FOB
NO TRADE NO TRADE NO TRADE
the China International Oils & Oilseeds RBD P.OLEIN FOB
NO TRADE NO TRADE NO TRADE
Conference in Guangzhou, the lowest since RBD P.STEARIN FOB NO TRADE NO TRADE NO TRADE
early September. He had previously forecast MPOB FFB REF PRICE (MILL GATE PRICE)
REGION
GRADE A
GRADE B
GRADE C
RM2,200 by end-2016.
OER (RM/TON)
OER(RM/TON)
OER (RM/TON)
Earlier in the day, traders said the contract NORTH
20.00% 663
19.00% 635
18.00% 608
was tracking the volatility in global markets that SOUTH
20.00% 666
19.00% 638
18.00% 610
20.00% 661
19.00% 633
18.00% 605
were reacting to the US presidential election. CENTRAL
Trumps initial lead had created negative EAST COAST 20.00% 663 19.00% 635 18.00% 607
SABAH
22.00% 642
21.00% 617
20.00% 591
trading sentiment for markets. Reuters
SARAWAK
22.00% 649
21.00% 623
20.00% 597

20.00
Apr 10, 2007

700
Nov 9, 2016

Oil reverses most losses after


Trump win to trade near US$46
Oil reversed most of its early losses of almost
4% to trade near US$46 a barrel yesterday, as
the market recovered from an initial Brexitlike reaction to Donald Trumps surprise
victory in the US presidential election.
The result sparked a flight from risky
assets in a move analysts compared to Junes
referendum in which Britons voted to leave
the European Union. But the US dollar and
European stocks pared losses, with traders
citing what some saw as a conciliatory speech
by Trump following his win.
Brent oil fell 38 cents to US$45.42 a barrel,
after falling to US$44.40, the lowest since Aug
11. US crude was down 28 cents to US$44.26.
Oil analysts said while Trumps victory
raised concerns about future economic
growth and oil demand, there were supportive
factors for prices such as a potential shift in
US policy towards Iran. Reuters

Centrifuged Latex

Aug 31, 2008

Commodities
AGRICULTURE
CRUDE PALM OIL
RUBBER
CORN
SOYBEANS
WHEAT
LIVE CATTLE
COCOA
COFFEE
SUGAR
COTTON

EXCHANGE

MDEX
MRB
CBOT
CBOT
CBOT
CME
NYBOT
NYBOT
NYBOT
NYC

LAST PRICE CHANGE

2,839
659.00
350.50
993.00
410.50
104.05
2,481
169.90
21.10
69.61

-4
-0.50
-3.75
-8.75
-4.75
0.95
16
-1.30
-0.24
-0.39

METAL & PRECIOUS METALS


TIN
COPPER
GOLD
PLATINUM
PALLADIUM
SILVER
ALUMINIUM
ZINC

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

21,700
-300
2.4540 0.0710
1,304.30
29.80
1,007.40
-1.20
665.20
-2.10
18.77
0.41
13,490
115
19,840
-115

LIGHT CRUDE OIL


US$/BBL
HEATING OIL
USC/GAL
NATURAL GAS
US$/MMBTU
BRENT CRUDE
US$/BBL
GAS OIL
US$/TON

NYMEX
NYMEX
NYMEX
ICE
ICE

45.26
0.28
1.4725 0.0113
2.790 -0.020
46.42
0.38
424.75
5.00

ENERGY

Sen/Kg

1100

1700

900

1325

514.50

950

(+6.50)

500

659.00
(-0.50)

575

300
Jan 7, 2007

UNIT

RM/TON
SEN/KG
USC/BSH
USC/BSH
USC/BSH
USC/IBS
US$/TON
USC/IBS
USC/IBS
USC/IBS

Rubber - Msia SMR 20

Sen/Kg

700

Nov 9, 2016

200

Nov 9, 2016

Jan 7, 2007

Nov 9, 2016

Markets

32

T HUR SDAY N OVEM B ER 1 0 , 2 0 16 TH E EDGE F I N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1

YOUR DAILY FINANCIAL MARKET S ROUNDUP

I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5

RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@bizedge.com]

KLCI 1,647.62

FBM ACE 4,911.36

16.20

46.59 FTSTI 2,789.88

30.36 NIKKEI 16,251.54

919.84 HANG SENG 22,415.19

STOCK

Index point

1,647.62

(-16.20)

KL Composite Index

1,647.00
(-13.50)

KLCI futures

8:45 9:30

10:30

11:30

12:45

14:30

15:30

16:30 17:15

Daily FBM KLCI


Moving average - 20-day

KL Composite Index
1950.0

RGB
HSI-H63
HSI-C60
VIVOCOM
DNEX-WD
HSI-H57
SKPETRO
AT
BORNOIL-WC
ARMADA
BORNOIL
TAGB
EKOVEST
KNM
YKGI-WB
SANICHI

VOLUME
('000)

CHANGE
(%)

CHANGE
(RM)

CLOSE
(RM)

HIGH
(RM)

LOW
(RM)

162,993
92,336
46,622
45,416
41,096
36,491
23,114
22,872
22,763
21,825
21,119
18,150
17,994
15,786
13,147
12,925

-6.12
27.37
-18.95
3.03
0.00
36.84
-5.13
-12.50
10.53
-2.90
0.00
11.11
4.44
-1.27
-20.83
0.00

-0.015
0.130
-0.090
0.005
0.000
0.105
-0.080
-0.005
0.010
-0.020
0.000
0.025
0.100
-0.005
-0.025
0.000

0.230
0.605
0.385
0.170
0.055
0.390
1.480
0.035
0.105
0.670
0.165
0.250
2.350
0.390
0.095
0.070

0.250
0.730
0.510
0.175
0.055
0.475
1.560
0.035
0.105
0.695
0.170
0.265
2.430
0.400
0.110
0.070

0.215
0.430
0.300
0.160
0.045
0.245
1.470
0.030
0.090
0.660
0.160
0.220
2.260
0.380
0.090
0.060

Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
traded for a particular counter on the previous trading day is more than triple the average volume for the
last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
market expectations for these counters.

1,647.62
(-16.20)

1667.5

FBM KLCI falls as


Trumps win shocks markets

1,664.02

1385.0

1102.5

820.0
Jan 2, 2008

Nov 9, 2016

900

600

300

Volume (mil)

FBM KLCI futures


CONTRACT

NOV 16
DEC 16
MAR 17

SETTLEMENT

1,647.00
1,646.50
1,640.00

CHANGE

-13.50
-14.50
-13.00

HIGH

LOW

1,665.00
1,663.50
1,655.00

1,631.50
1,632.00
1,628.50

FBM KLCI sensitivity*


IHH HEALTHCARE
HONG LEONG BANK
TENAGA NASIONAL BERHAD
WESTPORTS HOLDINGS
K.LUMPUR KEPONG
AMMB HOLDINGS
PETRONAS CHEMICAL
GENTING MALAYSIA
PUBLIC BANK
SAPURA-KENCANA
CIMB GROUP
IOI CORPORATION
SIME DARBY
GENTING
MAYBANK
AXIATA GROUP
SUB-TOTAL
OTHERS
GRAND TOTAL

KLCI
POINTS

-0.27
-0.28
-0.37
-0.39
-0.45
-0.49
-0.52
-0.68
-0.76
-0.78
-0.87
-0.95
-1.19
-1.29
-1.33
-2.05
-12.69
-3.51
-16.20

CHANGE
(RM)

-0.020
-0.080
-0.040
-0.070
-0.260
-0.100
-0.040
-0.070
-0.120
-0.080
-0.060
-0.090
-0.110
-0.210
-0.080
-0.140

CLOSE
(RM)

6.350
13.120
14.280
4.330
23.600
4.060
6.910
4.680
19.680
1.480
4.800
4.360
8.200
7.800
7.870
4.700

VOLUME
('000)

3105.4
592.5
18842.5
4955.1
790.3
1704.9
10889.9
2868.5
7100.8
23114.3
25776.6
9447.1
14626.7
4584.8
7636.1
4491.1

* How stock price changes affected the index on the previous trading day

73.14

Daily top 20 active stocks

UNUSUAL MARKET ACTIVITIES

FBM KLCI & KLCI futures intraday

DOW JONES 18,332.74

Market movers

It is often easier to ask for forgiveness than


to ask for permission. Grace Hopper

1666.0
1662.6
1659.2
1655.8
1652.4
1649.0
1645.6
1642.2
1638.8
1635.4
1632.0

494.28

RGB
REACH-WA
HSI-H63
AAX
HIBISCS
HSI-C48
NEXGRAM
HSI-C60
VIVOCOM
DNEX-WD
HSI-H57
AAX-CX
CIMB
SPSETIA-PR
SKPETRO
AT
BORNOIL-WC
ARMADA
BORNOIL
DNONCE

TURNOVER
(000)

CHANGE
(RM)

CHANGE
(%)

PRICE
(RM)

PE
RATIO

DIVIDEND
YIELD (%)

162,992.6
98,713.2
92,335.7
58,436.6
50,560.1
49,212.9
48,412.1
46,622.1
45,415.8
41,095.8
36,490.9
26,536.3
25,776.6
25,178.8
23,114.3
22,872.2
22,763.1
21,824.8
21,119.0
19,885.4

-0.015
0.005
0.130
-0.005
-0.010
-0.095
0.005
-0.090
0.005
UNCH
0.105
-0.005
-0.060
-0.005
-0.080
-0.005
0.010
-0.020
UNCH
0.005

-6.12
8.33
27.37
-1.15
-3.33
-19.00
12.50
-18.95
3.03
UNCH
36.84
-9.09
-1.23
-9.09
-5.13
-12.50
10.53
-2.90
UNCH
1.69

0.230
0.065
0.605
0.430
0.290
0.405
0.045
0.385
0.170
0.055
0.390
0.050
4.800
0.050
1.480
0.035
0.105
0.670
0.165
0.300

14.00

73.73

5.97

8.46

12.53

16.02

2.04
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3.91
0.00
0.87
0.00
0.00
1.19
0.00
0.00

Top gainers and losers (ranked by RM)


UP

CLOSE

CHANGE
(RM)

HSI-H81
HSI-H71
FAREAST
SP500-H3
HSI-H75
HSI-H67
SP500-H4
HSI-H63
HSI-H69
HSI-H57
HSI-H79
EKOVEST

1.760
1.100
7.900
0.810
2.170
0.735
0.990
0.605
1.100
0.390
1.140
2.350

0.310
0.260
0.240
0.230
0.210
0.175
0.150
0.130
0.125
0.105
0.100
0.100

BAT
TAHPS
AEONCR
CHINTEK
DLADY
UTDPLT
KLK
BIPORT
HSI-C70
HSI-C44
HSI-C64
GENTING

FBMKLCI-H75
HSI-H55
SP500-H3
TAGB-CC
HSI-H57
FBMKLCI-H81
FBMKLCI-H89
SP500-H1
SANICHI-WC
PANTECH-WA

0.025
0.185
0.810
0.055
0.390
0.075
0.075
0.230
0.020
0.185

66.67
48.00
39.66
37.50
36.84
36.36
36.36
35.29
33.33
32.14

IOIPG-CK
MYEG-CW
IOICORP-C12
GENTINGC28
PCHEM-C6
MALAKOF-CN
HSI-H49
GASMSIA-CV
MAYBANKC19
SKPETROC25

DOWN

CLOSE

CHANGE
(RM)

47.920
6.750
13.980
7.600
58.400
27.200
23.600
6.500
0.650
1.570
1.080
7.800

-0.440
-0.350
-0.340
-0.300
-0.300
-0.280
-0.260
-0.260
-0.245
-0.210
-0.210
-0.210

0.100
0.015
0.035
0.010
0.010
0.005
0.020
0.090
0.010
0.010

-51.22
-50.00
-50.00
-50.00
-50.00
-50.00
-42.86
-33.33
-33.33
-33.33

KUALA LUMPUR: The FBM KLCI fell 16.2 points or 1%


to 1,647.62 yesterday with Asian shares on Republican
candidate Donald Trumps US presidential election victory.
Analysts said Trumps victory led to uncertainty over US
policies on the global political and economic backdrops.
Trumps surprise win offers substantial downside for
equities given heightened uncertainty. We expect volatility
to rise, valuation multiples to contract and earnings to
disappoint. US equity safer-haven may well outperform the Top gainers and losers (ranked by percentage)
rest of the world, HSBC Global Research wrote in a note.
UP
CHANGE
DOWN
CHANGE
Across Asia, Japans Nikkei 225 dropped 5.36%, while
CLOSE
(%)
CLOSE
(%)
Hong Kongs Hang Seng Index fell 2.16%.
HSI-H51
0.050
100.00
UEMS-C35
0.050
-66.67
Malacca Securities Sdn Bhd technical analyst Loui Low
0.010 100.00
FBMKLCI-H71
0.035 -58.82
Ley Yee told theedgemarkets.com that selling pressure on XINQUAN-WA
FBMKLCI-H75
0.025
66.67
IOIPG-CK
0.100 -51.22
the market was seen as soon as Trump led in the election HSI-H55
0.185
48.00
MYEG-CW
0.015 -50.00
against Democratic candidate Hillary Clinton.
SP500-H3
0.810
39.66
IOICORP-C12
0.035 -50.00
There are a lot of uncertainties in the market over a TAGB-CC
0.055
37.50
GENTINGC28
0.010 -50.00
0.390
36.84
PCHEM-C6
0.010 -50.00
Trump presidency, which is why a lot of investors have gone HSI-H57
FBMKLCI-H81
0.075
36.36
MALAKOF-CN
0.005 -50.00
for safe-havens such as gold, Low said.
0.075
36.36
HUBLINE
0.005 -50.00
Reuters reported that Trump stunned the world on FBMKLCI-H89
SP500-H1
0.230
35.29
HSI-H49
0.020 -42.86
Tuesday by defeating heavily favoured Clinton in the race SANICHI-WC
0.020
33.33
GASMSIA-CV
0.090 -40.00
for the White House, ending eight years of Democratic rule PANTECH-WA
0.185
32.14
MAYBANKC19
0.010 -33.33
and sending the US on a new, uncertain path.
A wealthy real estate developer and former reality TV host, Top gainers and losers - warrants (ranked by percentage)
Trump rode a wave of anger towards Washington insiders to defeat
UP
CHANGE
DOWN
CHANGE
Clinton, whose gold-plated establishment rsum includes stints
CLOSE
(%)
CLOSE
(%)
as a first lady, US senator and secretary of state. by Billy Toh
HSI-H51
0.050 100.00
UEMS-C35
0.050 -66.67
XINQUAN-WA
0.010 100.00
FBMKLCI-H71
0.035 -58.82
World equity indices
DOW JONES
S&P 500
NASDAQ 100
FTSE 100
AUSTRALIA
CHINA
HONG KONG
INDIA

I want an edge!

CLOSE

CHANGE

18,332.74
2,139.56
4,804.92
6,843.13
5,156.56
3,128.37
22,415.19
27,266.42

73.14
8.04
31.19
36.23
-101.23
-19.52
-494.28
-324.72

INDONESIA
JAPAN
KOREA
PHILIPPINES
SINGAPORE
TAIWAN
THAILAND
VIETNAM

CLOSE

CHANGE

5,414.32
16,251.54
1,958.38
7,119.04
2,789.88
8,943.20
1,509.43
670.26

-56.36
-919.84
-45.00
-188.76
-30.36
-274.23
-0.41
-6.20

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