FBM KLCI 1690.58 1.49 KLCI FUTURES 1692.00 5.00 STI 3068.76 15.33 RM/USD 4.1300 CPO RM2119.

4.1300 CPO RM2119.00 2.00 OIL US$54.15 0.94 GOLD US$1281.30 1.70
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

WEDNESDAY JANUARY 2, 2019 ISSUE 2801/2019

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
Banks and casinos have to report
cash transactions of RM25,000 and
above from today 5 H O M E B U S I N E S S
67 HOME BUSINESS

Top 10 stock picks

for 1H19
8 HOME BUSINESS

JF Tech eyes
stronger China
contribution
in FY19
8 HOME BUSINESS

Demand for
private healthcare
remains upbeat

SHORT SELLING
10 HOME BUSINESS

Worst foreign
outflow since 2015,

ENHANCES LIQUIDITY,
says MIDF
15 WORLD BUSINESS

but also volatility

India cuts tax on
palm oil imports;
Malaysia to
gain most
While there are opportunities to make money by short selling,
one needs to pay very close attention to market movements.
Chester Tay has the story on Page 5.

18 WORLD

North Korea’s Kim

Malaysian stocks region’s fifth best
says ready to performer in 2018 4 HOME BUSINESS
meet Trump
 FBM KLCI 1690.58 1.49 KLCI FUTURES 1692.00 5.00 STI 3068.76 15.33 RM/USD 4.1300 CPO RM2119.00 2.00 OIL US$54.15 0.94 GOLD US$1281.30 1.70
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

WEDNESDAY JANUARY 2, 2019 ISSUE 2801/2019

FINANCIAL
DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
Banks and casinos have to report
cash transactions of RM25,000 and
above from today 5 H O M E B U S I N E S S
67 HOME BUSINESS

Top 10 stock picks

for 1H19
8 HOME BUSINESS

JF Tech eyes
stronger China
contribution
in FY19
8 HOME BUSINESS

Demand for
private healthcare
remains upbeat

SHORT SELLING
10 H O M E B U S I N E S S

Worst foreign
outflow since 2015,

ENHANCES LIQUIDITY,
says MIDF
15 W O R L D B U S I N E S S

but also volatility

India cuts tax on
palm oil imports;
Malaysia to
gain most
While there are opportunities to make money by short selling,
one needs to pay very close attention to market movements.
Chester Tay has the story on Page 5.

18 W O R L D

North Korea’s Kim

Malaysian stocks region’s fifth best
says ready to performer in 2018 4 HOME BUSINESS
meet Trump
4 WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

For breaking news updates go to

www.theedgemarkets.com

ON EDGE T V
www.theedgemarkets.com

Malaysian stocks region’s

The Edge Communications Sdn Bhd
(266980-X)
Level 3, Menara KLK, No 1 Jalan PJU 7/6,
Mutiara Damansara, 47810 Petaling Jaya,
Selangor, Malaysia
Publisher and Group CEO Ho Kay Tat
EDITORIAL
For News Tips/Press Releases
Tel: 03-7721 8219 Fax: 03-7721 8038
Email: eeditor@bizedge.com
Editor-in-Chief Azam Aris
Executive Editors Ooi Inn Leong,
Kathy Fong, Jenny Ng, Diana Khoo
Senior Editors Cindy Yeap,
Jose Barrock, Kang Siew Li
Associate Editors R B Bhattacharjee,
Vasantha Ganesan, Adeline Paul Raj
Deputy Editor Tan Choe Choe
Assistant Editors Khairie Hisyam
Aliman, Kanagaraju S Sithambaram
Chief Copy Editor Felyx Teoh
Associate Copy Editor Teoh Hock Siew
Senior Copy Editor Melanie Proctor
Copy Editor Tham Kid Cheng
Art Director Sharon Khoh
Chief Graphic Designer Cheryl Loh
Design Team Valerie Chin,
Mohd Yusry, Aaron Boudville,
Aminullah Abdul Karim,
Noorain Duasa, Tun Mohd Zafian
Mohd Za’abah
EDITORIAL ADMINISTRATION
Manager Katherine Tan
Senior Coordinator Maryani Hassan
CORPORATE
Chief Operating Officer
Lim Shiew Yuin
ADVERTISING & MARKETING
To advertise contact
GL: (03) 7721 8000
Fax: (03) 7721 8288
Chief Commercial Officer
Sharon Teh (012) 313 9056
General Manager
Kingston Low (012) 278 5540
Senior Sales Managers
Fong Lai Kuan (012) 386 2831
Gregory Thu (012) 376 0614
Creative Marketing
Chris Wong (016) 687 6577
Head of Marketing Support & Ad Traffic
Lorraine Chan (03) 7721 8001
Email: advertising@bizedge.com
fifth best performer in 2018
Volatile market conditions are likely to persist into the new year, say analysts
BY AHM AD NAQIB I DRI S
KUALA LUMPUR: Malaysian
stocks ended 2018 lower but man-
aged to outperform most regional
markets for the year.
The FBM KLCI closed down
0.09%, or 1.49 points, to 1,690.58
points on Monday. Over the last
12 months, the benchmark index
has lost 5.39% amid concerns over
global trade, rising interest rates
and plunging oil prices which also
dragged down equity markets
across the Asia-Pacific.
Among a basket of 17 regional in-
dices, the KLCI fared relatively well,
coming in fifth in terms of returns.
The best performer in the re-
gion was India’s Sensex which
gained 6.02% over the year, fol-
lowed by New Zealand’s NZX (up
4.92%), Jakarta Composite Index
(down 2.54%) and Sri Lanka’s Co-
lombo Stock Exchange All Share
Index (down 4.97%).
The worst performing equi-
ty markets in the region were
the Shanghai Composite Index,
which fell 24.59% since the start
of the year, South Korea’s Kospi
(down 17.28%) and Laos Com-
posite Index (down 16.22%).
Regional markets see-sawed
throughout last year, no thanks to
the US-China trade war, concerns
over the US Federal Reserve’s tight-
ening of monetary policy and Chi-
na’s growth — the second largest
economy in the world.
Worldwide crude oil prices
also fell again towards the end of
2018, wiping out the gains made
since the start of the year.
At the time of writing, Brent
crude futures were traded at
US$54.43 (RM224.80) per bar-
rel, down 36.92% since it touched
a one-year high of US$86.29 per
barrel on Oct 2.
On the domestic front, condi-
tions were also uncertain amid the
change in the federal government
L E T T E R TO T H E E D I TO R
The FBM KLCI ranked fifth among Asia-Pacific indices
INDEX
India Sensex
New Zealand NZX
Jakarta Composite Index
Sri Lanka Colombo
Stock Exchange All Share Index
Malaysia FBM KLCI
US Dow Jones
Australia ASX 200
Taiwan TAIEX
Vietnam Ho Chi Minh Stock Index
Singapore STI
Bangkok SET
Japan Nikkei 225
Philippines PSE
Hong Kong Hang Seng
Laos Composite Index
South Korea Kospi
Shanghai Composite Index
Source: Bloomberg
after the 14th general election, which
saw the introduction of several policy
changes that affected stocks in the
telecommunications and construc-
tion sectors, among others.
The cloudy conditions resulted
in an outflow of funds from emerg-
ing markets to the developed mar-
kets, which partly explains the de-
cline in most regional markets.
Inter-Pacific Research said fur-
ther downside in the local stock
market still cannot be ruled out
paved the way for domestic funds
to take charge of the direction
CLOSING AS AT CLOSING AS AT YTD that the KLCI will take but only
END-2017 END-2018 CHANGE (%) periodically,” it said, noting the
34,056.83 36,106.53 6.02 year-end rally as an example of
8,398.08 8,811.27 4.92 local funds buying in.
6,355.65 6,194.50 -2.54 If corporate earnings continue
to disappoint in 2019, Inter-Pacif-
6,369.26 6,052.78 -4.97 ic Research sees the benchmark
1,796.81 1,690.58 -5.91 index falling to as low as 1,538
points in the first half of the year.
24,719.22 23,062.40 -6.70
AmInvestment Bank head of eq-
6,065.13 5,646.40 -6.90
uity research Malaysia, Joshua Ng,
10,642.86 9,727.41 -8.60 said the volatile conditions seen in
984.24 892.54 -9.32 2018 may continue this year as the
3,402.92 3,068.76 -9.82 market is affected by lofty valuations
1,753.71 1,563.88 -10.82 of technology heavyweights against
22,764.94 20,014.77 -12.08 scale-back growth expectations, the
8,558.42 7,466.02 -12.76 decline in oil prices and the trade
29,919.15 25,845.70 -13.61 tension between the US and China.
998.39 836.45 -16.22 However, he expects the KLCI to
perform better in 2019 with a year-
2,467.49 2,041.04 -17.28
end target of 1,820 points based on
3,307.17 2,493.90 -24.59
forecast earnings growth of 4% and
economic growth of 4.5%.
“We believe the catalyst to the
local equity market in 2019 will be
the return of global investors to
the emerging markets on a grow-
The benchmark ing consensus that the US rate
index has lost increase cycle and hence the US
5.39% over the dollar upcycle are tapering off.
last 12 months. “In fact, the return of global
Photo by investors to the emerging markets
Bloomberg has started since October 2018.
Despite the turmoil in the global
financial markets in the fourth
quarter of 2018, emerging market
equity funds have consistently at-
tracted net inflows,” he wrote in
in the new year. its 2019 Market Strategy Outlook
“While foreign funds’ selling has report dated Dec 13, 2018.
abated, it isn’t significant enough for Ng said the inflows were driven
the KLCI to stabilise and their (for- by attractive valuations following
eign funds) allocations to this mar- the sell-down in emerging market
ket remain at deeply underweight equities throughout 2018.
levels even more so than the levels While the reforms put in place
seen in late 2016, and is currently by the government could still
consistent with a KLCI level of about weigh on corporate earnings in
1,600 points,” the research firm said the near term, Ng said, fiscal pru-
in its 2019 Strategy Note on Monday. dence should put the economy on
“The less aggressive pace of sell- a stronger and more sustainable
ing since the end of July 2018 has footing in the long term.

OPERATIONS
To order copy
Tel: 03-7721 8052 / 8050 / 8037
I had made known my decision
Fax: 03-7721 8282
Email: hotline@bizedge.com

EdgeProp.my
Managing Director/Editor-in-Chief
Au Foong Yee
Executive Editor Sharon Kam
Editor Lam Jian Wyn
Assistant Editor James Chong
MARKETING & ADVERTISING
Associate Account Director,
Advertising & Marketing
Heidee Ahmad (019) 388 1880
PRODUCT DEVELOPMENT
& CUSTOMER ADVISORY
Senior Manager Elizabeth Lay
to retire before GE14, says Wong
To the editor,
This email is to address an ar-
ticle on page 21 of The Edge Ma-
laysia’s Newsmakers 2018 pullout,
published Monday (Dec 31, 2018)
entitled "Heads roll amid chang-
ing media landscape".
I would like to point out the
suggestion that my recent re-
tirement from Star Media Group
as group managing director and
chief executive officer be attrib-
uted to an association with the
previous administration is wholly
inaccurate.
My decision to step down was
solely based on necessary trans-
formational changes within Star
Media Group. This decision had,
in fact, been put off for the past
year. I had made known my de-
cision to retire in 2017, ahead of
the general election, and shared
my intention with close friends in
the media circles. To imply I was
a victim of political circumstance
reflected the reporter’s lack of
media industry knowledge.
In the face of industry-wide
challenges, Star Media Group will
be taking on new advancements
and while it has been a constant
privilege to serve the group, I felt
it was the right time to make way
for new leadership to bring the
company forward.
Thank you.
Datuk Seri Wong Chun Wai
WED N ES DAY JA N UA RY 2, 20 1 9 • T HEED G E FINA NCIA L DA ILY
Short selling enhances
liquidity, but also volatility
‘While there are chances to make money, one needs to pay very close attention to market movements’
BY CH E ST E R TAY
KUALA LUMPUR: Intra-day short
selling (IDSS) was reintroduced
in April last year with the aim of
enhancing liquidity in the equities
market, but the mechanism has
a major side effect — it amplifies
market volatility when sentiment
is negative.
This drawback was underscored
a month later in May last year af-
ter the Barisan Nasional (BN)-led
government was dumped in the
14th general election (GE14). With
the new untested Pakatan Hara-
pan coalition at the reins after 60
years of uninterrupted BN rule, the
markets were bound to be roiled.
And they were. When the mar-
kets opened on May 14, the stock
exchange was awash in a sea of
red, with companies perceived to
be aligned to the BN administra-
tion particularly battered.
Government services provid-
er MyEG Services Bhd (MyEG),
construction company George
Kent (Malaysia) Bhd, Destini Bhd,
Malton Bhd, Petra Energy Bhd and
Gamuda Bhd bore the brunt of
the selldown as investors bailed
out in panic. Such was the selling
pressure, with MyEG and George
Kent hitting limit down on at least
two trading sessions.
Under the IDSS rule, proprie-
tary day trading (PDT) and IDSS
are suspended when a counter
fluctuates more than 15 sen or 15%
from its last closing price.
In all, the Bursa Malaysia is-
Banks and casinos have to report cash
transactions of RM25,000 and above from today
KUALA LUMPUR: Banks and Gen-
ting Malaysia Bhd, the country’s
sole licensed casino operator,
will have to cope with more pa-
perwork in the new year to com-
ply with Bank Negara Malaysia’s
(BNM) new threshold on daily cash
threshold report (CTR), which is
reduced to RM25,000 now.
In addition, one important com-
pliance function that needs to be
undertaken is the identity of the
ultimate beneficial owner of com-
panies, assets and financial trans-
actions. The stricter requirement is
to prevent criminals from hiding
their ownership of companies and
assets through complex methods
and vehicles.
To tame the black economy that
is heavily reliant on cash transac-
tions, banks and licensed casino
sued a total of 36 suspensions in
May last year, underscoring the
uncertainty and capriciousness
of the market post-GE14.
But by June 2018, some meas-
ure of calm had returned, and the
number of suspensions eased to
five for June and July, respectively.
MIDF Amanah Investment
Bank Bhd head of research Mohd
Redza Abdul Rahman told The
Edge Financial Daily that even
though overzealous short sellers
might push the market lower, Bursa
Malaysia’s PDT and IDSS suspen-
sions help prevent the overreaction
from worsening the share price of
affected counters.
In recent months, owing to ex-
ternal issues including the US-Chi-
na trade tensions and the US Fed-
eral Reserve interest rate hikes, as
well as the weak domestic econo-
my and feeble corporate earnings,
the last quarter of 2018 also saw
about 10 PDT and IDSS suspen-
sions per month.
“There were more short selling
suspensions towards year end due
to the abruptness of share price
declines. If a share falls gradual-
ly, it won’t hit the dynamic limit.
“But lately, the price drop has
been rather abrupt, owing to the
confluence of quarterly results
that were below expectations, as
well as negative market sentiment
driven by external and domestic
events,” Mohd Redza said.
R a ku t e n T ra d e S d n Bh d
vice-president of research Vin-
cent Lau is not entirely surprised.
operators are required to file with
the central bank any cash transac-
tion that exceeds RM25,000 per
day from Jan 1. The threshold was
set at RM50,000 previously, which
was relatively higher compared to
other countries.
CTR involves physical curren-
cies and traveller’s cheques but
excludes bank drafts, cheques,
electronic transfers or fixed deposit
rollovers or renewals.
BNM governor Datuk Nor Sham-
siah Mohd Yunus announced the
lower threshold in October last year.
This will help clamp down on mon-
ey laundering activities.
Nor Shamsiah highlighted that
the compliance function of a finan-
cial institution is an important el-
ement in mitigating risks of abuse
of the financial system, especially
Number of IDSS suspensions by Bursa
Number of suspensions (2018)
40
36
35
30
25
20
15
10
5 5
5
1 2
0 regulated short selling was only
April May June July
“With the recent volatility and
market weakness it is not surpris-
ing to see many stocks being trig-
gered with the suspension of PDT
and IDSS when their prices drop
more than 15 sen or 15%.
“Without the IDSS suspension
mechanism, short selling will ex-
acerbate the fall in a volatile mar-
ket,” he added.
Still, there are market players
who believe that Malaysia is not
ready for IDSS as its markets are
not sufficiently liquid.
Areca Capital Sdn Bhd chief
executive officer (CEO) Danny
Wong opines that as the Malay-
sian capital market is less liquid,
it is not healthy for Bursa to im-
plement IDSS.
“It is normal during a bear mar-
ket for short selling to increase as
it is one of many investment strat-
egies. But personally I do not agree
with short selling in Malaysia be-
cause our market is not as liquid
financial crime and terrorism fi-
nancing risks.
According to the governor, the
persistency of cash among the pub-
lic and small- and medium-sized
businesses remains high, despite
the headway made in advancing
e-payments.
The growing cash transaction
volume, she commented, was a
cause of concern as this opens
up the domestic economy to risks
given that cash is widely used by
criminals to launder illegal pro-
ceeds, as some high-profile cases
demonstrated over the past year.
According to the 2017 National
Risk Assessment by the National
Coordinating Committee for Mon-
ey Laundering and the financial
sector, the banking sector contin-
ues to face high money laundering
HOME BUSINESS 5
9 10 10 9 In 2006, under then prime min-
Aug Sept Oct Nov Dec
as other developed markets,” he
said over the phone.
“It is not healthy in the sense
that investors are selling what they
don’t have, and it could escalate
the market downturn and vola-
tility, which would [then] affect
investors who do not short sell.
“Normal investors have less [of
an] appetite to sell below their in-
vestment’s intrinsic value, but for
short sellers, they are motivated
to pressure the share price for the
sake of their profit.”
Phillip Capital Management
Sdn Bhd chief investment officer
Ang Kok Heng is of the view that
IDSS would have lesser impact
if Malaysia had a deep enough
market.
“Let’s say a person shorts 10
million shares of a counter, it can
be done in half an hour, and im-
mediately the share price drops
5%. But when you buy back the
10 million shares, you may need
risk and medium high terrorism
financing risk.
“The [financial] sector records
the highest value of cash trans-
actions and high-risk customers;
and provides the highest number
of high-risk products compared
to other sectors within the fi-
nancial industry. This reflects
the central role of the banking
sector in intermediating money
flows within an economy,” Nor
Shamsiah said.
Currency in circulation has in-
creased by around 150% in Ma-
laysia over the past decade, the
governor pointed out in October.
“However, if we scale it to the coun-
try’s gross domestic product, it
has been ranging between 6.1%
and 6.9% over the past five years,”
she added.
two hours, and the counter may
not recover the 5% it lost.”
Prime Minister Tun Dr Mahathir
Mohamad is also not a fan of short
selling. In his first tenure as prime
minister, he banned the shorting
of shares during the 1998 Asian
financial crisis to help curb the
outflow of capital.
ister Tun Abdullah Ahmad Badawi,
the ban was partially lifted, but
permitted for licensed proprietary
traders on Bursa.
In reintroducing IDSS in April
2018, Bursa CEO Datuk Seri Ta-
juddin Atan said the initiative was
part of the exchange’s strategy to
boost market liquidity and to fur-
ther improve flexibility for market
participants to refine their trading
and risk management strategies.
As at press time, Bursa Malay-
siadid not respond to The Edge
Financial Daily’s queries for this
article.
MIDF’s Mohd Redza is advising
investors who intend to take ad-
vantage of the current bear market
to make quick profit through IDSS,
to pay close attention to market
movements.
“Yes, there are opportunities to
make money by short selling, but
one needs to pay very close atten-
tion to market movements. There
are risks as well. Should the market
turn the opposite way, investors
would need to close their position
by buying at a higher price, hence
incurring losses,” he warned.
Nor Shamsiah announced the lower
threshold in October last year. Photo
by Sam Fong
6 HOME BUSINESS
STOCK PICKS FOR 1H 2019
AFTER a brutal 2018 in which equity markets took a turn for the worse, market watchers turned more cautious with their outlook
for the first half of 2019. Dark clouds of uncertainty continued to loom over earnings prospects and global investor interest.
The Edge Financial Daily picked its portfolio based on various themes, including several stocks that have been battered down and now
command more attractive valuations. While economic conditions are seen to potentially worsen next year, growth driven by domestic
private consumption is another factor that could support corporate earnings. Malaysia has also been highlighted as an early beneficiary of
the US-China trade war, such as its technology and manufacturing sectors, if trade talks do not deteriorate.
BY SA MA NTHA H O
& SU P RI YA SU REND RAN
AirAsia Group Bhd
4.0
RM
3.5
RM2.97
3.0
2.5
2.0
Dec 8, 2017 Dec 31, 2018
1. AirAsia Group Bhd
At a price-earnings ratio (PER)
of 3.48 times, AirAsia Group Bhd
is currently one of the cheapest
stocks on Bursa Malaysia. After
having touched a record RM4.60
in early February, it fell steadily to
as low as RM2.38 in late October.
The stock closed 2018 unchanged
at RM2.97 on Monday.
Rising fuel prices, which sent
AirAsia’s core net profit for the
nine months ended Sept 30, 2018
(9MFY18) tumbling some 33%
to RM805.08 million, may have
been one of the reasons investors
avoided it last year. In fact, CIMB
Research downgraded the stock
to “sell” after it posted a disap-
pointing set of results for 9MFY18.
A weaker ringgit against the US
dollar compounded the low-cost
carrier’s woes.
That being said, sharehold-
ers enjoyed a bumper dividend
of 40 sen per share from AirAsia
after the third quarter due to the
group’s disposal of its stake in on-
line travel agency Expedia and its
leasing unit, Asia Aviation Cap-
ital Ltd. The carrier is expected
to continue paying dividends as
over 60 sen per share were ini-
tially estimated to be disbursed
from the billion-dollar disposal.
On top of that, the price of
Brent crude oil has been on a
downward trend since October
2018, to below US$60 (RM247.80)
per barrel in mid-December.
“We believe that jet fuel prices
will follow suit, and AirAsia and
AirAsia X Bhd will be able to take
TOP 10
advantage by hedging more on the
declining trend of oil price[s]. As
such, we expect these two airlines
will be able to reap the benefit in
2019,” MIDF Research said in its
2019 strategy report dated Dec 17,
2018.
MIDF Research is one of the 14
out of 20 analysts covering the stock
that is bullish on AirAsia’s prospects,
according to Bloomberg data.
“[Despite the unfavourable fuel
price environment], AirAsia’s short-
haul business model proved to be
defensive with [its] earnings before
interest and tax margin standing
close to 20% during the period,”
the research house said.
On top of that, MIDF Research
does not expect the new departure
levy effective June this year to be a
strong dampener on travellers, but
to encourage more travel within
Malaysia instead.
“Sensitivity towards increases
in passenger service charges for
international destinations has al-
ways been historically minimal,”
the research house said.
Also, AirAsia has planned to
expand capacity by adding 10 fu-
el-saving aircraft to its fleet in fi-
nancial year 2019 (FY19) on top
of a planned increase in interna-
tional routes.
The group’s recent RM3.22 bil-
lion sale and leaseback of 25 aircraft
to US-based private investment firm
Castlelake LP was also viewed as a
positive development.
“The proposed disposal concurs
well with AirAsia’s digitalisation
efforts,” MIDF Research said in a
Dec 26 report, highlighting that
this will raise the group’s cash pile
and result in annual savings, which
will help partially offset rental ex-
penses.
2. FGV Holdings Bhd
FGV Holdings Bhd seems to be an
unlikely choice for a stock pick,
given the bout of bad news sur-
rounding the global agri-business
giant last year.
But TA Securities chief invest-
ment officer Choo Swee Kee opined
that FGV had suffered enough in
the past year and is now on the
path of redemption.
“It has gone through weak man-
agement, poor risk control, declin-
ing crude palm oil (CPO) prices,
FGV Holdings Bhd
RM
2.5
2.0
1.5
1.0
RM0.715
0.5
Dec 8, 2017 Dec 31, 2018
bad acquisition [decisions] and
recently a substantial write-off to
the tune of almost RM800 million.
“With FGV being govern-
ment-linked, new management and
better policies have been put for-
ward to turn the company around.
It is critical the government gets it
right this time as this may have im-
plications for thousands of Felda
settlers. Investors’ expectations are
low and any sign of improvement
will be taken as positive,” he told
The Edge Financial Daily.
For the nine-month finan-
cial period ended Sept 30, 2018
(9MFY18), FGV reported a net loss
of RM871.15 million, compared
to a net profit of RM80.49 million
a year ago, largely due to impair-
ment losses of RM798 million. The
bulk of the impairment stemmed
from goodwill on the acquisition
of Asian Plantations Ltd.
Year-to-date, CPO prices, which
play a significant role in FGV’s plan-
tation business, had declined by
21% to RM1,903 per tonne on Dec
26, 2018.
Choo noted a reprieve for FGV’s
current depressed share price as the
value of its assets and land.
“FGV is trading at a [more than]
30% discount to its net tangible as-
sets. It owns about 350,000 hectares
of plantation land,” he said.
Choo views FGV as a recovery
play, and has a “buy” call on the
stock, with a target price (TP) of
RM1 per share.
FGV shares lost 60% or RM3.96
billion of its market value in the
past year. It closed at 71.5 sen on
Monday, with a market capitalisa-
tion of RM2.61 billion.
WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Serba Dinamik Holdings Bhd
RM
4.5
4.0
3.5
RM3.78
3.0
2.5
Dec 8, 2017 Dec 31, 2018
3. Serba Dinamik Holdings Bhd
Last year, Serba Dinamik Holdings
Bhd was one of only two gainers in
The Edge Financial Daily’s portfolio
of top picks. The oil and gas solu-
tion’s provider remained a bright
spot on Bursa despite volatility in
both the equity market and oil pric-
es in 2018.
The group’s share price has main-
tained its upward climb since its
listing on Bursa in February 2017
at RM1.53. As at Dec 31, 2018, the
counter had closed at RM3.78, up
17.4% over the past year and more
than double its listing price.
That being said, analysts are
still upbeat on Serba Dinamik’s
prospects. Ten Bloomberg ana-
lysts with an eye on the stock, all
recommended Serba Dinamik as
a “buy”, with an average 12-month
TP of RM4.91.
“Prospects to grow its engineer-
ing, procurement, construction and
commissioning segment remain
promising, with ample hydropower
and utilities projects up for grabs,”
said Affin Hwang Capital in a report
on Dec 26, 2018.
The group’s earnings growth is
expected to be driven by its Tereng-
ganu water treatment plant as well
as its overseas ventures, the research
firm said. These include a 30-mega-
watt power plant in Laos, a contract
with New Thunder Technical Ser-
vices in the United Arab Emirates
and a chlor-alkali plant the group
is building in Tanzania via a joint
venture.
On Dec 10, 2018, Serba Dina-
mik said it targets to achieve an
order book of RM10 billion by end-
2019. On top of that, a more bullish
outlook for Petroliam Nasion-
al Bhd’s 2019-2021 downstream
plant turnaround activities could
potentially boost the group’s con-
tributions from Malaysia, said
Affin Hwang Capital.
Serba Dinamik recorded a
21.4% increase in net profit to
RM278.61 million for 9MFY18
on the back of strong growth in
its operation and maintenance
activities. Revenue was up 20%
year-on-year at RM2.31 billion
for 9MFY18.
Kelington Group Bhd
RM
1.30
RM1.12
1.14
0.98
0.82
0.66
0.50
Dec 8, 2017 Dec 31, 2018
4. Kelington Group Bhd
Kelington Group Bhd serves in-
dustries requiring ultra-high-pu-
rity gases and chemicals in spe-
cialised applications.
TA Securities’ Choo said the
barrier to entry is rather high in
industries where Kelington serves
as the provider, so one would
need to have a good safety track
record and trust among clients.
“We like Kelington as it has
a proven business with multi-
national clients. The group’s fi-
nancial year ending Dec 31, 2020
earnings growth will come from
its new [liquid] carbon dioxide
plant [in Kerteh, Terengganu],
with a capacity of 50,000 tonnes.
[The] break-even capacity is esti-
mated at 30% and the company
already has unofficial take-up of
30% to 40% for its capacity.
“Conservatively, we target
[for Kelington’s] share price to
grow 25%, mirroring its earnings
growth,” he told The Edge Finan-
cial Daily.
The group also has a grow-
ing clientele in China, having
WED N E S DAY JA N UA RY 2, 20 1 9 • T HEED G E FINA NCIA L DA ILY
clinched several contracts for
ultra-high-purity gas works from
global seminconductor giants
there.
“Made in China 2025 is a key
initiative to significantly increase
[the] manufacturing capacity of
memory chips and integrated cir-
cuits. This initiative has become
even more urgent to China given
the current trade war with the US.
“Therefore, we believe Ke-
lington is set to benefit from this
massive build-up of capacity re-
gardless of [the] global outlook,”
Choo said.
In a Nov 23, 2018 note on Ke-
lington, RHB Research analyst
Jeffrey Tan concurred that the
new Kerteh plant’s commence-
ment, slated for the third quarter
of 2019, should provide the group
with an additional RM5 million
revenue uplift in 2019 and RM20
million in 2020.
“Management expects its in-
dustrial gas business to generate
about RM1 billion in revenue
over the plant’s lifespan of 15 to
20 years, which could translate
into a revenue of RM50 million
per year beginning 2024,” said
Tan.
Tan has a “buy” call on Ke-
lington, with a TP of RM1.41,
a 20.6% upside to Kelington’s
share price at RM1.12 on Mon-
day, with a market capitalisation
of RM298.18 million.
Bermaz Auto Bhd
RM
2.3
2.2 RM2.15
2.1
2.0
1.9
1.8
Dec 8, 2017 Dec 31, 2018
5. Bermaz Auto Bhd
Although Bermaz Auto Bhd
(BAuto), the distributor of Maz-
da cars in Malaysia, enjoyed re-
cord-breaking earnings for the
first half of financial year end-
ing April 30, 2019 (1HFY19), the
group’s share price has lagged
behind.
Its share price has slipped
three sen or 1.4% in the past year
to RM2.15 on Monday.
This may have been because
following a boom in sales dur-
ing the tax holiday between June
and September 2018, leading to a
tripling of net profit to RM124.2
million for 1HFY19, BAuto re-
corded a dip — reflecting the
implementation of the sales and
service tax on Sept 1.
The car distributor has fore-
cast continued challenges for
FY19, citing a competitive trad-
ing environment, a weak ringgit
and cautious consumer senti-
ments on the back of economic
uncertainty.
Despite this, BAuto said the
bookings it had since collected
were “encouraging” ahead of the
year-end festive season.
Its planned launches of the
new Mazda CX-8 and Mazda 3 in
the mid- to second half of 2019 are
also expected to support the group’s
strong earnings growth trajectory.
“The story of BAuto’s growth is
not over yet. The introduction of
the [new models] would sustain
growth in Malaysia and reinvigorate
sales in the Philippine operations,”
Maybank Kim Eng noted in a Dec
12 report.
The stock is also considered
an attractive dividend play. For
1HFY19, the group announced a
total dividend of 6.25 sen per share,
doubling from 3.1 sen a year ago.
In 2018, BAuto was among the
better performing stocks on Bursa
in terms of dividend yields, with a
rolling 12-month dividend yield of
6.3% as at Dec 31, 2018.
“BAuto is undervalued for its
growth and dividend potentials,”
Maybank Kim Eng said in its report.
Bloomberg data show all 14 ana-
lysts covering the stock are recom-
mending a “buy”, with a consensus
12-month TP of RM2.68.
That being said, a potential
source of volatility is the exchange
rate of the ringgit against the yen,
as almost 35% of BAuto’s cost of
goods sold is denominated in yen,
Maybank Kim Eng noted.
Frontken Corp Bhd
RM
1.0
0.8
0.6
RM0.705
0.4
0.2
Dec 8, 2017 Dec 31, 2018
6. Frontken Corp Bhd
Frontken Corp Bhd provides sur-
face engineering services for the
oil and gas (O&G), petrochemical,
power generation, semiconduc-
tor and electronic manufacturing
sectors.
The stock was a top pick among
technology sector stocks by Hong
Leong Investment Bank analyst Tan
J Young in his Dec 19, 2018 report
on the technology sector outlook
for 2019.
“Frontken remains our top pick
on the back of a bullish global sem-
iconductor market outlook, a ro-
bust fabrication investment, lead-
ing-edge technology, a recovery
in the O&G sector and a strong
balance sheet,” said Tan.
Tan has a “buy” call on Front-
ken, with a TP of RM1.05. Front-
ken shares had appreciated 46.9%
over the past year to 70.5 sen on
Monday.
For the nine months ended Sept
30, 2018 (9MFY18), Frontken re-
ported a 67.6% y-o-y increase in net
profit to RM33.57 million, thanks
to an improved performance of its
subsidiaries in Taiwan, Singapore,
Malaysia and the Philippines. Rev-
enue for the period was up 10.3%
to RM238.5 million from RM216.2
million for 9MFY17.
As of Sept 30, 2018, Frontken
had a cash balance of RM119.55
million and total borrowings of
RM12.83 million.
Kerjaya Prospek Group Bhd
RM
2.0
1.6
RM1.15
1.2
0.8
Dec 8, 2017 Dec 31, 2018
7. Kerjaya Prospek Group Bhd
Like most construction-related
counters, shares in Kerjaya Prospek
Group Bhd have floundered follow-
ing the May 9 general election amid
rising uncertainty over projects on
the local construction scene.
The group, however, has not been
deterred from aiming high. It targets
to build up a RM1.2 billion order
book for the financial year ending
Dec 31, 2019 (FY19), which is 20%
more than its RM1 billion target for
FY18. As at Nov 28, 2018, its tender
book had stood at RM1.5 billion.
Kerjaya has already gotten a good
head start for its goal, most recently
bagging a RM211.6 million contract
from tycoon Tan Sri Robert Kuok
Hock Nien-controlled PPB Group
Bhd to construct a mixed develop-
ment project in Petaling Jaya.
“We believe that Kerjaya is the
least affected contractor in town
due to its zero exposure to govern-
ment-related jobs as all of their con-
struction jobs are from the private
sector,” said Kenanga Research in
a Dec 6 note.
“In the near term, we are still
anticipating another replenishment
worth about RM400 million from
[executive chairman and major
shareholder] Datuk Tee Eng Ho’s
private property arm as they are
looking to launch a mixed devel-
opment on Old Klang Road (Kuala
Lumpur) with a gross development
value of RM1 billion,” it said.
Further down the road, the group
stands a good chance of winning
more contracts in Penang, as more
bridges may be required to connect
the island to Eastern & Oriental
Bhd’s Seri Tanjung Pinang 2 project.
Shares in Kerjaya had fallen 37%
over the past year to close at RM1.15
on Monday.
CIMB Group Holdings Bhd
RM
7.5
7.0
6.5
6.0
5.5
RM5.71
5.0
Dec 8, 2017 Dec 31, 2018
8. CIMB Group Holdings Bhd
“If [foreign] funds flow back into
the market, [they] will most likely
go for the big-capitalisation stocks
first,” said Rakuten Trade head of
research Kenny Yee, and in such a
HOME BUSINESS 7
scenario, he favours banking coun-
ter CIMB Group Holdings Bhd.
Yee noted that CIMB was one of
the component stocks of the KLCI
that was badly thrashed in 2018,
adding that “the downside is pret-
ty limited.” However, he believes
it is one of the stocks that should
outperform the benchmark index
should foreign investors return this
year.
Even after an uptick over the last
few trading days of 2018, CIMB was
still trading at 9.59 times its earn-
ings, below the one standard devia-
tion of its historical 10.5 times PER.
Its price-to-book value of 1.0693
times is also comparable to a low of
1.2 times during the global finan-
cial crisis of 2008-2009, Maybank
Kim Eng pointed out.
Rakuten Trade’s research team
opined that the banking sector as
a whole is expected to drive growth
among KLCI constituent stocks
next year.
Potential risks to CIMB’s share
price include shareholding chang-
es, especially as Khazanah Nasional
Bhd, which holds the largest stake
of 26.8% in the banking group, is
expected to be unlocking value of
some of its assets next year. Howev-
er, there could be a potential upside
to the stock given that Khazanah
will not be disposing of its stakes
at “fire-sale prices”, Maybank Kim
Eng noted.
Meanwhile, Yee does not believe
potential changes at the helm of
CIMB would have much impact
on the day-to-day business of the
group.
Other positives for CIMB include
the outlook for its Indonesian oper-
ations amid falling credit costs and
a potential repricing of loans after
recent rate cuts, noted Maybank
Kim Eng in its 2019 strategy report.
Yinson Holdings Bhd
RM
5.0
4.5
RM4.20
4.0
3.5
Dec 8, 2017 Dec 31, 2018
9. Yinson Holdings Bhd
Despite uncertainty over crude oil
prices, floating, production, storage
and offloading (FPSO) service pro-
vider Yinson Holdings Bhd is still a
top pick for analysts.
Maybank Investment Bank Re-
search analyst Liaw Thong Jung said
in a 2019 outlook note on the O&G
sector that Yinson is entrenched
to leverage on the booming FPSO
market.
“[The] global tender pipeline is
strong with minimal competition.
Securing one job win in 2019 is a
near certainty, a catalyst [for Yin-
son],”he said.
Yinson is also a top stock pick
for UOB Kay Hian, due to its com-
petitiveness in the international
FPSO space.
“We like Yinson for its execution
track record, and as it is delivering
the FPSO Helang contract for the
Layang field [offshore Miri, Sar-
awak] in two years’ time,” the re-
search firm said.
Nine out of 10 analysts cover-
ing Yinson have a “buy” call on
the stock, with a consensus TP of
RM5.12. Yinson shares have ap-
preciated by 5% over the past year
to close at RM4.20 on Monday.
For the cumulative nine
months ended Oct 31, 2018
(9MFY19), Yinson reported a
24.5% decline in net profit to
RM177.5 million from RM235.04
million a year ago, mainly due
to a higher property, plant and
equipment impairment loss. Rev-
enue for 9MFY19 grew by 14.5%
y-o-y to RM747.3 million due to
bareboat chartering contributions
from FPSO John Agyekum Kufuor.
QES Group Bhd
Sen
40
35
30
25
21.5 sen
20
15
March 7, 2018 Dec 31, 2018
10. QES Group Bhd
ACE Market-listed QES Group
Bhd is principally involved in the
distribution of inspection, test
and measurement equipment
to the electrical and electron-
ics and automotive industry, as
well as materials and engineering
solutions to the semiconductor
industry.
TA Securities’ Choo noted that
QES is moving into the manu-
facturing of optical inspection
systems, which is a fast-growing
business.
“As the sales of these machines
improve in 2019, the group’s prof-
it margin should improve accord-
ingly with the economies of scale.
QES’ outstanding order book has
been growing progressively to
more than RM60 million versus
the average annual turnover of
RM150 million,” he told The Edge
Financial Daily.
QES was listed on Bursa on
March 8, with an initial public
offering price of 19 sen per share.
Since its listing, its share price
had risen 13% to close at 21.5
sen on Monday.
“The group can withstand sig-
nificant stress in the market with
a cash horde of RM40 million,
which accounts for 23% of its
current market capitalisation. A
[transfer to the] Main Market will
be forthcoming in time [for QES]
and then valuations will trade
in line with other Main Market
technology stocks,” said Choo.
For the cumulative nine
months ended Sept 30, 2018
(9MFY18), QES reported a net
profit of RM10.65 million on a
revenue of RM133.9 million.
The group earlier reported a
net profit of RM15.03 million for
FY17, up 58% from FY16, on the
back of a 39% y-o-y growth in
revenue to RM190.94 million.
8 HOME BUSINESS
JF Tech eyes stronger
China contribution in FY19
The group thinks there are opportunities amid trying times
BY SU P RI YA SU REND RA N
KUALA LUMPUR: Test-contacting
solutions manufacturer JF Tech-
nology Bhd is looking to expand
its revenue contribution from
China — currently at around 15%
— for the financial year ending
June 30, 2019 (FY19).
However, why China amid
concerns of repercussions from
a full-blown trade war between
the country and the US, the two
largest economies in the world?
For JF Tech managing director
Datuk Foong Wei Kuong, it is
about seeking opportunities in
times of tribulation.
After all, JF Tech counts two
US-based companies as its closest
competitors. So, the tense trade
situation between the two coun-
tries could offer opportunities for
companies such as JF Tech to gain
a bigger market share in China.
“China is in a little bit of trou-
ble. They want to accelerate their
technology plans for vision 2025
or Made in China 2025, but to do
that they would need to acquire
some technologies from the US
[but now made complicated].
“So, this is where [we] see
much [potential] growth, and
that is why we wish to expand
there. JF Tech has a long rep-
Demand for private healthcare remains upbeat
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: Private health-
care operators in Malaysia are set
to see higher earnings in 2019 on
the back of rising demand for their
services from medical tourists and
the effects of new government poli-
cies encouraging health protection.
While growth prospects for the
sector globally are positive in the
long term, underpinned by an age-
ing population, rising affluence
and increasing life expectancy,
analysts noted the local private
healthcare sector has added cat-
alysts.
These include competitive
charges and hospitalisation costs
in medical tourism, a general-
ly English-speaking population,
and various incentives from the
government.
Besides raising the allocation
for health services to RM29 billion
in Budget 2019, the government
said it will introduce a new B40
National Health Protection Fund,
on a partnership basis with private
insurance companies.
Started on Jan 1, 2019, the
scheme, among others, pro-
vides free coverage for four crit-
ical illnesses for up to RM8,000
resentation and presence in the
US and it’s time to be in China to
prepare for opportunities arising
from China’s Vision 2025,” he told
The Edge Financial Daily.
Nonetheless, Foong acknowl-
edged the trade war is not without
challenges for JF Tech, given the
company also derives about 28%
of its revenue from the US, with
large multinational semiconduc-
tor companies among its biggest
customers.
“There is still a cautious sen-
timent among the US and China
companies due to the trade war,
and as these two countries are
the biggest consumers, a cut in
orders from them affects all oth-
er countries in the supply chain.
“However, for us, we are for-
tunate as semiconductor houses
are constantly developing new in-
tegrated circuit devices with new
applications for smartphones,
tablets, wearables, as well as for
the automotive industry and the
Internet of things. And as a pro-
vider of test-contacting solutions,
we are at the forefront of this,”
he said.
Foong also addressed the
group’s lawsuit in the US which
impacted its financial perfor-
mance in FY18.
On June 20, 2014, a patent
2019
OUTLOOK
and a maximum of 14 days of re-
placement income. Hospitalised
patients can get an income re-
placement at RM50 a day for a
maximum of 14 days, or RM700
a year.
“[This announcement] focuses
on making healthcare services
more accessible to the B40 (bot-
tom 40%) income group, which
in turn will increase the number
of patients seeking treatment in
private hospitals,” MIDF Research
analyst Nabil Zainoodin told The
Edge Financial Daily in an email
response.
Although there are no full de-
tails yet on how the new policy
would impact healthcare compa-
nies under coverage such as IHH
Healthcare Bhd and KPJ Health-
care Bhd, AmInvestment Bank
noted it could spur them to revise
their prices.
JF Technology Bhd
RM
1.50
1.25
1.00
0.75
RM0.71
0.50
Dec 8, 2017 Dec 31, 2018
infringement action was filed
against JF Microtechnology Sdn
Bhd, a wholly-owned unit of the
group, by its competitor, US-
based Johnstech International
Corp, concerning test-contact
products sold by JF Microtech-
nology under the brand name
ZIGMA.
After a four-year legal tussle,
the US District Court ruled in fa-
vour of Johnstech on Aug 6, 2018,
and awarded it damages totalling
US$1.5 million.
JF Tech made a provision for
the amount, equivalent to RM6.11
million in FY18, resulting in a 95%
drop in net profit for the year to
IHH’s Revenue per Inpatient
(Malaysian operation)
6,750
6,701
6,700 6,678
6,650
6,600
6,550
6,500
6,450 6,413 6,427
6,400
6,350
6,300
6,250
4Q17 1Q18 2Q18 3Q18
Source: Bloomberg, MIDFR
“We believe the scheme will
force private healthcare opera-
tors to drive down their prices,
but the resulting volume will sup-
port them to achieve economies
of scale with a slight margin com-
pression. We expect KPJ to be the
prime beneficiary as the group has
presence in almost every state in
Malaysia,” AmInvestment Bank
analyst Nafisah Azmi said on the
phone.
MIDF Research and AmIn-
vestment Bank maintained their
“positive” and “neutral” ratings
respectively on the healthcare
sector for 2019.
A caveat: Private healthcare
WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
RM328,000 from RM6.38 million
in FY17.
Foong said the group will not
be recognising anymore major
provisions in connection with the
case, except for legal fees amount-
ing to US$200,000.
“The legal case has been con-
cluded in the district court, and
has now been moved to the ap-
peal court. If we lose at the appeal
court, then the amount we have
provided for would be released
to [the plaintiff ].”
With the case almost coming to
a close, JF Tech is looking forward
to a better financial performance
for FY19, driven mainly by its two
test-contacting solutions, Alpha
and Gamma, mainly applied for
the automotive industry.
To date, the group owns 12
patents in various countries for
its products, and 36 patents still
pending for approval.
“Patents tell people that our
products have innovation. People
will also be deterred from imitat-
ing our products’ features. How-
ever, if some of our competitors
do not have the solutions that
we do and want to work with us,
we may consider licensing our
products [for recurring income],”
said Foong.
As an exporter, a weak ring-
KPJ’s Revenue per Inpatient
(Malaysian operation)
7,600 7,571
7,501
7,500
7,400
7,300 7,246
7,186
7,200
7,100
7,000
6,900
4Q17 1Q18 2Q18 3Q18
Source: Bloomberg, MIDFR
players may be negatively impact-
ed by a weakening ringgit against
the US dollar as costs of key inputs
such as drugs, medical supplies
and equipment are denominated
in the greenback.
“On the other hand, a cheap-
er [ringgit] may boost Malaysia’s
medical tourism volume. Malay-
sia’s medical tourists contribute
almost 5% of IHH and KPJ’s rev-
enue,” Nafisah said.
Nabil concurred, saying IHH
and KPJ’s core operations gener-
ally remain resilient and perform
relatively well despite facing vari-
ous headwinds. “Both managed to
record growth in revenue per inpa-
git against the greenback is fa-
vourable for the group. It helped
the group to achieve its highest
quarterly net profit in the three
months ended Sept 30, 2018
(1QFY19), since its listing in 2008.
JF Tech saw a net profit of
RM2.83 million for 1QFY19, 22.3%
higher compared with that in the
same quarter a year ago, on the
back of a 5.3% growth in revenue
to RM7.38 million.
However, its earnings had yet
to catch up with its share price,
resulting in a high historical price
earnings of 95 times for the group.
“Our shareholders, mostly
long term, know our company’s
prospects are good. It’s just that
we had a temporary setback, the
legal case — the toughest hurdle
we had to go through.
“It took five years for us to tran-
sition from an original equipment
manufacturer to an original de-
sign manufacturer, and we had
just started to get global recogni-
tion. We still have much space to
grow to optimise our business,”
he said.
JF Tech shares reached a re-
cord high of RM1.38 on Dec 29,
2017. Since then, the stock’s value
has almost halved to 71 sen on
Monday, with a market capitali-
sation of RM149.1 million.
tient across their home markets.”
Despite escalating medical
costs, IHH and KPJ recorded
growth in revenue per inpatient
for their Malaysian operations
in their third quarter of financial
year 2018 (3QFY18) results. IHH’s
revenue per inpatient grew 2.6%
year-on-year to RM6,678; KPJ grew
1.78% to RM7,501.
On the back of improved inpa-
tient revenue, KPJ’s earnings also
improved during the quarter with
net profit up 35% while revenue
rose 4%. However, IHH saw a net
loss in 3QFY18 on higher foreign
exchange losses despite a mar-
ginal revenue increase of 1% from
growth in existing operations.
Analysts believe healthcare
providers will still meet the mass-
es’ needs by expanding their hos-
pital portfolios which would fur-
ther accelerate revenue growth
in 2019.
“For KPJ, there will be quite
a healthy number of new hos-
pital openings next year (2019).
We understand there will be a
few new greenfield developments
which will open in Kuching and
Miri, Sarawak, specifically during
1QFY19 — BDC Kuching Specialist
CON T I N UES ON PAGE 10
10 H O M E B U S I N E S S WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

Worst foreign outflow Caution on initial start-up costs

of new hospitals — analyst

since 2015 — MIDF FRO M PAGE 8

Malaysia has the second-lowest YTD outflow after the Philippines
BY SURIN MURUGIAH
KUALA LUMPUR: Malaysia saw a
total foreign net outflow of RM11.65
billion or US$2.88 billion last year
(excluding Dec 31, 2018 data) — its
largest yearly foreign net outflow
since 2015 which saw RM19.49 bil-
lion of equities pulled out.
MIDF Research analyst Adam M
Rahim said while this amount al-
ready offset total foreign net inflow
of RM10.33 billion for 2017, Malaysia
still has the second-lowest year-to-
date (YTD) outflow among the four
Asean markets (including Thailand,
the Philippines and Indonesia) that
the research firm monitors.
He pointed out Thailand record-
ed the largest foreign net outflow
among the four Asean markets.
“As of Dec 28, 2018, foreign funds
offloaded US$8.91 billion of Thai
equities, more than 10 times the
amount sold in the preceding year,”
he said.
This was followed by Indonesia
with a total outflow of US$3.66 bil-
lion as of Dec 28, 2018, while off-
shore funds only took out US$3.8
million from the Philippines YTD.
In his weekly fund flow report
on Monday, Adam said foreign
funds have been selling stocks
listed on Bursa Malaysia for the
Weekly net flow of foreign
funds into Malaysian equities
since January 2017
2,000
(RM mil)
1,500
1,000
500
0
-500
-1,000
-1,500
-2,000
-2,500
-3,000
Jan 6, Jan 5
2017
Sources: Bursa Malaysia preliminary
statistics, MIDF Research
past eight consecutive weeks.
“Based on data from Bursa, for-
eign funds sold RM127.6 million
net of local equities for the week
ended Dec 28, 2018, the smallest
in three weeks,” he said.
“[Last] Monday’s foreign net sell-
ing declined to RM13 million on the
eve of Christmas compared with the
previous three trading days which saw
foreign net outflow above RM100 mil-
lion. The slowdown in foreign net sell-
ing was partly attributable to Beijing’s
pledge to support the economy in the
wake of the global trade tribulation by
slashing taxes and ensuring liquidity
is maintained,” he added.
Hospital [with 150 beds] and
KPJ Miri Specialist Hospital [96
beds],” said Nabil.
While the opening of KPJ
Batu Pahat, with 150 beds, is
expected in 2019, the date is not
confirmed yet. “Altogether, these
hospitals will add about 10%
Adam noted that foreign funds additional beds to the group’s
later pulled out RM60.6 million existing operating beds and con-
on Boxing Day, taking cue from tribute positively to the group’s
the unnerving political turmoil in revenue growth,” said Nabil.
the US where US President Donald However, he sounded a note
Trump became hostile towards the of caution on the initial start-
US Federal Reserve’s chairman. up costs of new hospitals, and
“This is in conformity with the KPJ’s Indonesian operations’
three other Asean peers that we poor performance, still drag-
monitor. ging earnings.
“Nonetheless, the level of for- MIDF Research is maintain-
eign net selling on [last] Thursday ing its “neutral” call on KPJ with
retreated to a lower RM28.1 million a target price (TP) of RM1.11.
Dec 7, amid the overnight jump in Wall AmInvestment Bank is main-
2018
Street following a report that US taining its “hold” call with a fair
holiday sales hit a six-year high. value of RM1.15. The stock set-
Meanwhile, the participation tled at RM1.03 last Friday, val-
rate among various groups of in- uing it at RM4.41 billion.
vestors saw a decline across the “For IHH, we expect the fo-
board last week. cus next year (2019) will be on
“The average daily traded value improving its performance in
(ADTV) of foreign investors reg- the Turkish and Indian markets,
istered the largest weekly drop of among other places, as well as
58.7% after declining below RM1 penetrating further into the Chi-
billion to RM475 million. We note nese market,” said Nabil.
the weekly ADTV for foreigners was MIDF Research maintained
also the lowest in the last week of its “buy” call on IHH and revised
2017,” said Adam. upwards its TP to RM6.33 from
Regionally, MIDF Research not- RM6.22 previously, factoring in
ed that foreign funds had taken out a higher revenue intensity per
US$38.98 billion net worth of equities inpatient at IHH’s Turkish op-
from the seven Asian markets that erations. AmInvestment Bank
it tracks from Jan 1 to Dec 28, 2018, maintained its “hold” call with
cancelling off the US$21.72 billion a fair value of RM5.30.
net they mopped up in 2017. “This was driven by an ag-
gressive ramp-up of its Achi-
badem Altunizade hospital in
Istanbul. This could result in
higher cash balances, enabling
the group to pare down the for-
eign currency-denominated
debts faster than anticipated.
The group is targeting to pare
down a third of its foreign cur-
rency-denominated loans by
1QFY19,” Nabil said.
He added that notwithstand-
ing IHH’s slight hiccup in con-
tinuing with its acquisition of
Fortis Healthcare Ltd, due to a
court order to temporarily main-
tain the status quo on the trans-
action, consolidating Fortis into
the group, currently with more
than 4,500 beds, would eventu-
ally help drive revenue. IHH has
since reiterated its commitment
to the investment.
“We believe this is a blessing
in disguise as IHH will not have
to bear a larger quantum of loss
from Fortis’ subdued perfor-
mance given its shareholding
will stay at 31.1% in the near
term. This will give IHH more
time to turn around the busi-
ness before Fortis’ performance
has a more significant impact
on IHH’s bottom line given its
status as a parent company,”
said Nabil.
The 350-bed Gleneagles
Chengdu hospital in China, slat-
ed to open in the second half of
2019, is expected to contribute
positively to the group’s reve-
nue as well. IHH shares settled at
RM5.43 last Friday, with a market
capitalisation of RM48.06 billion.

STOCKS WITH MOMENTUM

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

LONDON BISCUITS BHD (+ve)

TRADING of shares in London Biscuits Bhd (4QFY18) on revenue of RM98.13 million.
LONDON BISCUITS BHD FY15 FY16 FY17 FY2018Q4
(fundamental: 0.25/3, valuation:1.70/3) trig- PublicInvest Research, in upgrading its
(ALL FIGURES IN MYR MIL) 30/6/2015 30/6/2016 30/9/2017 30/9/2018
gered our momentum algorithm on Monday target price for the company to 71 sen in
for the ninth time for the full year of 2018. a note dated Dec 3, 2018, said the group’s Financials
It closed up one sen, or 1.6%, at 63.5 sen, latest quarterly result beat its expectation, Turnover 402.5 436.5 426.0 98.1
bringing a market capitalisation of RM130.29 primarily due to lower material costs and Ebitda 62.4 62.5 63.7 17.1
million. better margins from its product mix. Interest expense 18.6 16.9 22.1 6.1
A total of 6.9 million shares were traded, It also raised its earnings estimate for Pre-tax profit 22.7 25.0 21.3 7.2
much higher versus the counter’s 200-day the group’s FY19 and FY20 by an average Net profit - owners of company 15.0 18.6 15.2 6.7
average of 1.58 million shares. of 23%, on expectations of steady revenue Fixed assets - PPE 572.8 569.2 406.7 466.2
On Nov 30, 2018, the confectionery maker growth in tandem with higher utilisation and Total assets 536.6 623.6 534.2 517.6
reported a net profit of RM6.66 million for the smoother operations from recent upgrading Shareholders' fund 379.6 397.8 403.1 412.3
fourth financial quarter ended Sept 30, 2018 of production facilities. Gross borrowings 248.8 253.4 276.8 347.3
Net debt/(cash) 227.1 207.4 209.0 324.6
LONDON BISCUITS BHD Valuation score* 1.70
Fundamental score** 0.25
TTM P/E (x) 9.38 LONDON BISCUITS BHD FY15 FY16 FY17 ROLLING 12-MTH
TTM PEG (x) 0.16 RATIOS 30/6/2015 30/6/2016 30/9/2017
P/NAV (x) 0.32 DPS ($) - - - -
TTM Dividend yield (%) - Net asset per share ($) 2.04 2.13 2.16 2.01
Market capitalisation (mil) 130.29 ROE (%) 4.15 4.78 3.79 3.41
Shares outstanding (ex-treasury) mil 205.19 Turnover growth (%) 11.82 8.44 (2.40) 2.42
Beta 0.35 Net profit growth (%) 4.70 23.73 (18.38) 59.25
0.47-0.67 Net margin (%) 3.73 4.26 3.56 4.26
12-month price range
ROA (%) 2.93 3.20 2.62 2.52
*Valuation score - Composite measure of historical return & valuation
Current ratio (x) 0.82 1.17 1.44 1.05
**Fundamental score - Composite measure of balance sheet strength
& profitability
Gearing (%) 59.84 52.13 51.85 78.72
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Interest cover (x) 3.35 3.70 2.89 2.45
1 2 P R O P E RT Y
The house is set on a little more than an acre. Photo by Bloomberg
JFK, Monroe ‘tryst’
house hits market
The home reappeared on the market with a price of US$5 million
BY H E I D I MI TC H EL L
NEW YORK: Bing Crosby’s house
in Rancho Mirage, California, saw
a lot of parties while he lived there
from 1957 into the 1960s.
Frank Sinatra, Ginger Rogers,
and Lucille Ball and Desi Arnez
lived nearby. The home’s most fa-
mous guests, though, likely were
Marilyn Monroe and John F Ken-
nedy (JFK), who, according to Mon-
roe’s biographer, visited the house
at the same time and may have
made their rumoured love connec-
tion in the legendary dry heat. (A
two-bedroom attached casita has
been nicknamed the JFK Wing in
Kennedy’s honour.)
The 6,700 sq ft estate, spread
across more than an acre, was built
for the crooner and his second wife,
Kathryn, in 1957. The single-sto-
rey home, with a 1,400 sq ft master
suite along with four other en-suite
bedrooms, has been on and off the
market since 2010, when it was first
listed for US$3.4 million. It is also
been available for rent through Airb-
nb for US$3,400 (RM14,042) a night.
Now the home has reappeared
on the market, with a price of
US$5 million. Linda Taglianetti,
Fredrik Eklund, John Gomes, and
Gail Vasquez of Douglas Elliman
Real Estate represent the listing at
70375 Calico Rd.
The Spanish-style home is set
in the Thunderbird Heights com-
munity of Rancho Mirage, a city
near Palm Springs that has seen an
increase in home values of more
than 30% in the past six months,
according to Douglas Elliman’s
Micro Market Report. According
to Elliman data, Crosby’s estate is
valued at seven times the median
home price in the same ZIP code.
“The home is all about in-
door-outdoor living and tradition-
al-meeting-modern design — and
it overlooks such a gorgeous back-
drop,” Eklund says. That might be
true, but the home’s pedigree clear-
ly adds perceived value. What other
listing can offer the chance for car-
oling around a pool and fire pit with
such a level of celebrity history? The
house is in decent shape but could
use some upgrades. Along with
a well-proportioned main struc-
ture with retractable glass walls,
the purchase includes an adjacent
half-acre lot on which owners can
build a small guest house for future
presidential affairs. — Bloomberg
WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Converting golf course
among suggested
HK housing options
BY S H AW N A K WA N
HONG KONG: Using part of Hong
Kong’s iconic golf course and de-
veloping deserted rural land for
housing are among a govern-
ment-appointed panel’s sugges-
tions to address land shortage in
the world’s least affordable prop-
erty market.
The task force also proposed
developing private agricultural
land, recreational sites, caverns
and underground space, as well
as reclaiming land from the sea to
provide more plots for home. It sub-
mitted its final report on Monday.
Hong Kong has long been
plagued by land shortages and
Chief Executive Carrie Lam
pledged that land supply is al-
ways “a very important topic” to
her government.
“Land shortage has undoubt-
edly crippled Hong Kong for a long
Philippine home prices decline in 3Q
BY C EC IL IA YA P
MANILA: Philippine home prices
declined in the third quarter (3Q)
from the prior three months, re-
versing a short-lived rebound as
interest rates increased.
Housing values fell 0.6% quar-
ter-on-quarter, according to Bang-
ko Sentral ng Pilipinas. Prices rose
0.8% gain in 2Q following a 0.9%
decline in the first three months
of the year.
The central bank raised rates
as inflation accelerated to defend
the peso, which was the worst per-
former among Asia’s most actively
traded currencies in the first half af-
ter the Indian rupee. In the past six
months, the peso emerged as the
region’s top performer. The bench-
mark interest rate was pushed 175
time. Society can hardly move for-
ward if the problem is not solved
promptly,” said Stanley Wong Yuen
Fai, chairman of the task force in
a media briefing. “We hope the
government would consider our
recommendations in detail.”
In October, Lam pitched a plan
to reclaim 1,700ha of land and build
artificial islands off the Lantau Is-
land. The proposal, which has a re-
ported price tag of HK$500 billion
(RM263.98 billion), has led to heat-
ed debates in the city on whether
it is worthwhile at all.
While the task force acknowl-
edged Lam’s plan, which was pro-
posed during the five-month public
consultation, it suggested a similar
reclamation plan of only 1,000ha.
The options submitted by the
task force are for the government
to consider and the administration
is not obliged to implement the
suggestions. — Bloomberg
basis points higher since May be-
fore taking a pause this month.
The price declines were more
profound outside the capital area.
Housing values slid 1.3% in the
provinces, compared with a 0.2%
drop in the greater Manila area,
the central bank said, citing data
based on housing loans granted
by banks.
On a year-on-year basis, 3Q
home prices climbed 4.4%, slow-
ing from a 4.8% increase in the
previous three months, the central
bank said.
Seven in 10 residential real es-
tate loans were for the acquisition
of new homes, of which more than
half were condominium units. Met-
ro Manila accounted for 57.4% of
mortgages granted by banks in
3Q. — Bloomberg
WED N ES DAY JA N UA RY 2, 20 1 9 • T HEED G E FINA NCIA L DA ILY
Sarawak puts
on hold
smoking ban
at eateries
KUCHING: The Sarawak state
government is putting on hold
the nationwide smoking ban at
all eateries in the state pending
a decision by the state cabinet,
said Sarawak Local Government
and Housing Minister Datuk Dr
Sim Kui Hian.
He said although the state gov-
ernment was with the federal
government on the anti-smoking
law, it has its own local govern-
ment ordinances on smoking.
The Kuching North City Hall
two years ago implemented an-
ti-smoking law in coffee shops
through their own local govern-
ment by-law, but not all the local
councils in Sarawak have been
doing the same, he said.
“I was given to understand
that the Sarawak State Health
Department under the health
ministry is calling to discuss with
the stakeholders, especially the
coffee shop association on their
recently gazetted Federal Anti
Smoking Law and the implemen-
tation,” he said.
A Bernama check at several
eateries, especially coffee shops
around Kuching, found that many
customers were still smoking out-
side the premises.
In October, the federal govern-
ment announced that smoking in
all restaurants, coffee shops and
hawker centres — even open-air
eateries — nationwide would be
banned effective Jan 1.
Those caught smoking in pro-
hibited areas will be fined up to
RM10,000 or face two years’ jail,
while eateries found to have al-
lowed customers to light up will
be slapped with a maximum fine
of RM2,500.
In Butterworth, some smok-
ers could be seen ignoring the
smoking ban in food premises.
Private-sector employee Zain-
or Azman, 56, said he was not
aware of the ban and said it was
too early to see its effect as no
action had been taken against
errant smokers. — Bernama
Shafie: Stay united for Sabah to ensure MA63 is fulfilled
KOTA KINABALU: The people in
Sabah must stay united despite
differences in their political beliefs,
religion and ethnicity, so that the
state government can continue to
introduce changes and ensure the
implementation of the Malaysia
Agreement 1963 (MA63).
Chief Minister Datuk Seri Mohd
Shafie Apdal said the state govern-
ment had discussed the issue with
the federal government in a bid to
get back its rights and power as
contained in the MA63.
“I am sure that this will take
some time as it involves technical
and legal issues, which require
coordination between the federal
and state governments.
“This includes demand to in-
crease Sabah oil and gas royalties
and efforts to allow more involve-
ment of the state in matters per-
Handover’s time
frame not discussed
Council left details to Dr M, Anwar, says Saifuddin
KUANTAN: Tun Dr Mahathir Mo-
hamad’s term as an interim prime
minister has never been discussed
in the Pakatan Harapan presidential
council’s meetings, said its secre-
tary-general Datuk Saifuddin Ab-
dullah.
Saifuddin, who is also the foreign
minister, said Pakatan had only made
the decision that Datuk Seri Anwar
Ibrahim would be appointed to the
post after Dr Mahathir.
“Pakatan only made the decision
and agreed that after Tun M (Dr Ma-
hathir), Datuk Seri Anwar Ibrahim
will be the next prime minister. We
didn’t discuss the rest as they un-
derstand each other.
“They both (Dr Mahathir and An-
war) should be able to determine the
best time for [the] transfer of pow-
Malaysia, Singapore to discuss
airspace dispute on Jan 8
KUANTAN: The dispute between
Malaysia and Singapore over air-
space will be discussed on Jan 8,
said Foreign Minister Datuk Sai-
fuddin Abdullah.
He said the matter was on the
top of the agenda for his meeting
with Singapore’s Foreign Minister
Vivian Balakrishnan.
He added that airspace was also
one of the issues that was discussed
in the meeting between Prime Min-
ister Tun Dr Mahathir Mohamad
and Singapore’s Deputy Prime Min-
ister Teo Chee Hean in Putrajaya
on Monday.
“My visit to Singapore is a con-
taining to education and health,
which are now under federal juris-
diction,” he said at the swearing-in
ceremony of Tun Juhar Mahirud-
din, 65, as Sabah’s 10th governor
in Istana Negeri.
This is Tun Juhar’s third term
as the Sabah governor.
He was first appointed to the
post to replace Tun Ahmadshah
Abdullah on Jan 1, 2011, and was
reappointed for the second term
on Jan 1, 2015.
The Sabah state legislative as-
sembly recently passed the Sabah
State Constitution Bill to remove
the two-term limit for the post of
the Sabah governor.
Entering 2019, Mohd Shafie
said he anticipated a brighter year
for Sabah to make changes that
had been long awaited by the peo-
ple. — Bernama
er and so on,” he said when asked
whether there was a concrete agree-
ment for Dr Mahathir to serve as the
prime minister for only two years.
Saifuddin, who is also the Indera
Mahkota member of parliament, was
met by reporters after a motivation-
al workshop for Form Six students
at Sekolah Menengah Kebangsaan
Astana here.
The issue of the transfer of pow-
er was brought up by several dele-
gates in the Parti Pribumi Bersatu
Malaysia annual general assembly
over the weekend, who suggested
that Dr Mahathir be allowed one
full term.
Commenting on the Cameron
Highlands parliamentary by-elec-
tion, Saifuddin said the decision
on which party to contest would
tinuation of the meeting yesterday.
There are several issues, but the
one that must be given immedi-
ate attention is Singapore’s plans
for Seletar Airport, which will pass
through the airspace over Pasir
Gudang, Johor.
“We protested and declared the
airspace a restricted area, and this
will be a problem to Singapore. I
am confident the issue will be dis-
cussed well with a view to finding
a win-win solution for both coun-
tries,” he said.
Saifuddin, who is the Indera
Mahkota member of parliament,
was speaking to reporters after vis-
be made in a Pakatan presidential
council meeting on Friday.
He said Pakatan would normally
allow the same party to contest and
for the Cameron Highlands by-elec-
tion, the seat it was previously con-
tested by DAP.
At the same time, Saifuddin said,
there was no request from other com-
ponent parties to contest for the seat.
The Cameron Highlands by-elec-
tion was called after the Election
Court declared that the result of the
Cameron Highlands parliamentary
constituency was null and void after
ruling that corrupt practices were
committed to garnering votes.
Nomination for the Cameron
Highlands by-election is on Jan 12,
while the polling day will be on Jan
26. — Bernama
iting Sekolah Menengah Kebang-
saan Astana here yesterday.
Malaysia wants Singapore to
withdraw its plans to implement
the Instrument Landing System
or change the flight path to Sele-
tar Airport.
On Dec 12, the transport min-
ister said the flight path for Seletar
Airport would have a huge impact
on development in Pasir Gudang
because of the height restrictions
on development there.
He said the Pasir Gudang Port
would also be at high risk and there
would be restrictions on the land-
ing system. — Bernama
H O M E 13
Guan Eng: M’sia
needs three
years to restore
fiscal health
KUALA LUMPUR: Malaysia will
require three years to restore
its fiscal health and take its po-
sition as “the most promising
emerging economy” to achieve
high-income status, said Fi-
nance Minister Lim Guan Eng.
He noted Bloomberg had
already placed Malaysia at No
1 among the top 20 emerging
economies in the world and all
three international credit rating
agencies, despite the need to
clean up the "financial mess"
caused by the previous govern-
ment, maintained the coun-
try's ratings. The new Pakatan
Harapan government under
the firm and reform-minded
leadership of Prime Minister
Tun Dr Mahathir Mohamad
had notched up some clear
successes, Guan Eng said.
“Malaysia liberated itself
from being the symbol of glob-
al kleptocracy by seeking full
accountability of the 1MDB
(1Malaysia Development Bhd)
scandal, pursuing the return of
stolen monies and prosecuting
those responsible,” Guan Eng
said in DAP’s 2019 New Year
message as the party’s secre-
tary-general and member of
parliament for Bagan. He said
2019 would be a better year for
Malaysia if the people “stay
together for a brighter future”.
“Our economy can roar
again and Malaysians [can]
be respected globally,” added
Guan Eng, saying economic
growth and prosperity enjoyed
by all were the best antidote to
the “poisonous politics of po-
larisation, exploiting racism
and religious extremism that
threaten Malaysian polity”. He
cited encouraging economic
indicators, such as resurgent
growth in exports in October
2018 to a historic high in a sin-
gle month of RM96.4 billion,
leading to a trade surplus of
RM16.3 billion. — Bernama
Tun Juhar (third from
left) signing his oath of
office as Sabah’s tenth
governor, witnessed by
Chief Judge of Sabah
and Sarawak David
Wong Dak Wah (left) at
Istana Negeri yesterday.
Photo by Bernama
14 C O M M E N T
Trump’s China strategy is not working
His scattershot approach is ineffective and it is only amplifying Beijing’s nationalist tune
BY A N N E ST EVENSON -YANG
T
he Trump adminis-
tration’s willingness
to push the Chinese
harder on trade has
struck a bilateral
chord. Beijing is lis-
tening. So far, so good. Now the
question is what the US wants to
achieve. Answer: the total destruc-
tion of China as a competitor.
That is not a trade goal, and the
demands being made contradict
one another. This aim also unnec-
essarily awakens Beijing’s deepest
nationalist fears.
Unsure what to offer next — and
convinced that the US effectively
persuaded Canada to take an ex-
ecutive at Huawei Technologies Co
hostage — China is falling back on
familiar jingoistic strategies and
rhetoric. Things are likely to get
much worse from here.
Meanwhile, the US economy is
incurring pain that the Trump ad-
ministration seeks to alleviate with
a US$12 billion (RM49.56 billion)
bailout programme to aid farmers.
Pain may be worth enduring if some-
thing is being accomplished. But the
only likely outcome is a reduction in
trade and more expensive Chinese
products. In other words, fat taxes
on the American consumer.
Over the past few months, Chi-
nese imports from the US have
dropped sharply, declining 25%
in November, even as its exports
to the US continued to rise. The big
fall-off started in July, after Wash-
A thimbleful of optimism for 2019
BY K AU S HI K B A SU
AT the end of this year of political
trauma and conflict, I found myself
feeling an unexpected sense of hope,
sitting in Mumbai, where I could see
the Arabian Sea stretching westward
towards the Gulf of Aden and Africa,
as well as the vast Indian subconti-
nent extending eastward to the Bay of
Bengal and the lands beyond.
To be sure, one must not gloss over
the ongoing catastrophes of 2018. In
Yemen, millions of civilians, includ-
ing children, are suffering starvation
and indiscriminate violence. On the
southern border of the US, refugees
fleeing misery and conflict do not
know if they will be met with sanc-
tuary or bolted gates and teargas.
Around the world, hyper-national-
ist politicians and egomaniacs are
launching trade wars, stoking hatred,
and veering towards fascism.
If I feel optimistic, it must be be-
cause, over the last month, I have
been on the road, and somewhat
sheltered from the news, from the
US to Mexico, China, and, now, In-
dia. Through it all, I have chatted
with roadside vendors, students, and
strangers in cafes, and when one does
this it is impossible not to be struck
ington implemented the first list
of China-specific tariffs.
The majority of US firms polled
by the American Chamber of Com-
merce in Shanghai reported that
the trade war has hurt their profits
and that non-trade barriers have
increased. The policies, if anything,
have supported more offshoring:
Thirty-one per cent of the respond-
ents said they were looking to as-
semble or source components out-
side the US. There is no evidence
that cybersecurity or intellectual
property (IP) protections have im-
proved for US companies.
That is a big turnaround in sen-
timent from years past. So why the
change of heart?
China started its economic
opening with an all-fronts offen-
sive to charm foreign businesses.
Politburo members were told to
doff Mao suits and put on ties and
jackets. Beijing and Shanghai built
luxurious hotels at the end of high-
ways that led straight from their
airports: Foreign investors never
needed to encounter the incon-
veniences of China proper.
By the 1990s, every third-string
corporate delegation from the US
hoping to manufacture ball bear-
ings or Barbie dolls in China was
given an audience with the top
political leadership, and those of
us working there met constantly
with government representatives.
It is no wonder that American
corporations believed the country
was on a trajectory towards better
market access, more transparency
by how similar people are across the
planet. We may not look, dress, or
speak the same, but our shared hu-
manity becomes evident through
conversation and interaction. At a
time when hatred of the “other” is
on the rise, this is comforting.
Travel also reminds us of our
shared history. Walking in Mexico
City’s Roma Norte area, amid the
old colonial homes with wrought-
iron balconies and murals of Alfred
Hitchcock, Sigmund Freud, and oth-
ers, I came across a sign reading “MN
Roy”. It was a nightclub named after
the Indian revolutionary MN Roy,
who lived in Mexico with his Amer-
ican wife, the social activist Evelyn
Trent, in the early twentieth century.
Mexico was then a hub of intel-
lectuals, artists, and radicals with
bohemian visions of a new world.
Though Roy was born in Arbelia, a
tiny hamlet outside of Kolkata, he
was a restless soul with phenomenal
intellectual powers, who lived all
over the world, writing, and speak-
ing. He was one of the founders of
the Communist Party of Mexico.
Later in life he changed his mind,
becoming a radical humanist. I was
keen to find out more about the
nightclub, but it keeps rather rev-
and fairer competition.
A key turning point came when
China discovered public markets.
The decade between 2000 and 2010
was a heyday for Chinese initial pub-
lic offerings — especially for state-
owned enterprises, for which public
markets seemed like a bottomless
and benevolent well of cash. After
Hu Jintao assumed leadership in
2003, he dispensed with all the gov-
ernment meetings for foreigners.
Another decisive moment was
2008, when the nation’s measures
to secure an optically triumphant
Olympics established the machin-
ery for tighter information control.
That came in handy as the global
financial crisis hit. With infrastruc-
ture stimulus appearing to rescue the
economy, Beijing became convinced
of the country’s exceptionalism — a
hubris that only affirmed the success
of China’s authoritarian model, and
led to a new era of assertiveness.
In this way, China lost the sup-
port of foreign businesspeople, who
have become disillusioned with the
market, tired of the pollution, and
now fear for their physical safety.
(The detention of three Canadians
in retaliation for the Huawei arrest
looks like pure thuggery.)
Initially, it was startling and en-
couraging that a US administration
was finally willing to call China’s bluff.
Problems in bilateral trade genuinely
run deep, and Beijing has a coordi-
nated strategy of stealing US tech-
nology and evading American ex-
port-control laws. Market access has
in many ways deteriorated since the
olutionary hours, opening at 23:15
and closing at four in the morning.
From Mexico, I travelled to the
other side of the world, where I
addressed a congress in Xiamen,
in China’s Fujian province. I was
anxious, having recently heard the
story about an American economist
who doubted that a joke he was
about to relate in a public lecture
would survive translation. He was
delighted when the audience roared
with laughter. At dinner he learned
that the joke had been translated
as: “The American economist is
telling a joke. Please laugh.”
Fortunately for me, no translation
was needed, because all lectures at
Xiamen University are now delivered
in English. I was being hosted by the
new, pragmatic China, where Eng-
lish is adopted not for its own sake,
but to position China as a global
power. While the US under President
Donald Trump retreats behind an
unbuilt wall, China’s pragmatism is
propelling it forward.
From my hotel window in Xia-
men, I could see the “piano island”,
Gulangyu, a beautiful, pedestri-
an-only space that serves as a cul-
tural melting pot. The name comes
from that fact that many Europeans
WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
country joined the World Trade Or-
ganization in 2001 and made sweep-
ing commitments to open up. The
country subsidises industries that
then gain unfair advantages against
competing foreign products.
But the Trump administration’s
attempt to address these problems
is not working. Its trade positions
conflict with one another, and de-
spite various theories, no one is en-
tirely sure who speaks for the US.
President Donald Trump started
off by demanding that China re-
duce its trade surplus with the US
by US$200 billion and threatened
a series of tariffs on its goods. The
US trade representative is pushing
forward a Section 301 action to
address IP theft, while also claim-
ing to be working to encourage
“reshoring” by US firms. The De-
partment of Defense is focused on
cyber strategy; the Department of
Commerce on export controls; the
FBI on non-traditional espionage.
In other words, there is a litany of
complaints whose basic target is
the whole Chinese economic and
political system.
Many of these goals are incom-
patible. Enforcing US export con-
trols will necessarily decrease its
shipments to China and therefore
increase the trade deficit. US tariffs,
and the inevitable retaliation, are a
disincentive to reshoring, as they
raise costs. Enforcing IP laws pro-
motes import substitution. None of
this is to say that the laws should
not be enforced; the administration
just needs to be clear on its goals.
once settled there in large homes
with pianos. And, interestingly,
law and order was maintained by
Sikh policemen from British India.
After Xiamen, I travelled to
neighbouring Quanzhou, an even
older melting pot. It was not only,
for a while, the home of Lao Tzu,
the founder of Taoism, but also the
landing port for Marco Polo.
While on the road, I did encoun-
ter some news, and not all of it was
bad. In Mexico, I liked the new
president, Andres Manuel Lopez
Obrador, and his vision of a more
equitable society. There are risks
that he will make policy mistakes.
But in a world increasingly ruled
by mendacity, a leader with good
intentions is a welcome addition.
I also found some hope in the
growing likelihood that Trump will
be ousted from power, and in recent
victories over the nationalism and
populism of recent years. In India’s
regional elections in November and
December, ordinary people — in-
cluding Hindus — soundly rejected
the chauvinist Hindutva ideology
peddled by nationalist politicians
such as Yogi Adityanath. Even one of
the most prominent Hindu monastic
orders rejected fundamentalism. On
There are a few ways the US could
adopt a constructive approach with-
out relinquishing (most of) its goals.
Focus on IP theft: Drop demands
about the trade deficit and firmly
pursue IP enforcement and market
access demands. US Trade Repre-
sentative Robert Lighthizer is by far
the most experienced and capable
negotiator on the US side. Treasury
Secretary Steven Mnuchin, Com-
merce Secretary Wilbur Ross, and
Trump should step out of the pro-
cess. Go after China’s red aristoc-
racy: The high alarm reaction to
Huawei chief financial officer Meng
Wanzhou’s arrest is a clear sign
that the country’s blooded elite
are the third rail of diplomacy. A
more active Treasury Department
focus on Chinese money launder-
ing; more stringent enforcement of
export controls; and swift sanctions
on the country’s sales to Iran and
North Korea are important pressure
points. Strengthen CFIUS: The US
needs to trade access to its own
market for entry to China’s, espe-
cially in financial services. More
stringent investment reviews via the
Committee on Foreign Investment
in the US can be used as leverage.
China’s political leadership
rules at the pleasure of its military
and security forces, a fact poorly
appreciated in the US. Beijing’s
more regressive and nativist powers
are held at bay when the country
demonstrates strength, and even
bellicosity. The Trump stance could
easily trigger a backlash for which
the US is ill-prepared. — Bloomberg
Christmas Eve, Swami Suparnanan-
da, a leading figure in the Ramakr-
ishna Mission, stood together with
the Catholic Archbishop of Calcut-
ta and reminded people the “great
message of Swami Vivekananda that
a good Hindu is a good Christian, a
good Christian is a good Hindu, a
good Musalman is a good Christian.”
Finally, I found hope in reading Sa-
piens: A Brief History of Humankind,
the historian Yuval Noah Harari’s
443-page pass at the last 2.5 million
years on Earth. I began reading it with
scepticism, but soon was hooked.
Written with a philosopher’s flair and
interspersed with humour, it brought
to mind my teenage encounter with
Bertrand Russell’s sweeping A History
of Western Philosophy. By reminding
us that humans occupy a vanishingly
small niche in the universe, it achieves
what few books do: It puts us in our
place. — Project Syndicate
Kaushik Basu, former chief econ-
omist of the World Bank and for-
mer chief economic adviser to the
government of India, is professor
of economics at Cornell University
and non-resident senior fellow at
the Brookings Institution.
WED N ES DAY JA N UA RY 2, 20 1 9 • T HEED G E FINA NCIA L DA ILY
W O R L D B U S I N E S S 15

Singapore
economy grows
3.3% in 2018
India reduces import taxes
BY JOYC E KOH
& ST E PH AN I E PHA NG

SINGAPORE: Singapore’s eco-

nomic growth held above 3%
for a second year, Prime Min-
ister Lee Hsien Loong said,
calling on the nation to rally
around a new team of leaders
and ensure continuity as he
prepares to step down.
Gross domestic product ex-
panded by 3.3% in 2018, Lee
said in his New Year message
on Monday.
Singapore is forecast to
grow by 1.5% to 3.5% next year,
he said, citing “major uncer-
tainties” in the global economy
amid trade conflicts and nerv-
ous financial markets.
The ruling People’s Action
Party tapped Finance Minister
Heng Swee Keat as Lee’s de
facto successor in November,
kicking off Singapore’s third
leadership transition in its 53-
year history.
In an emailed statement re-
leased by his office, Lee, 66, has
signalled he intends to hand
over the premiership by the
time he turns 70 in 2022 — a
year after the country’s next
general elections are due. —
Bloomberg
on crude, refined palm oil
Malaysia is set to benefit the most
BY RA JENDRA JADHAV
MUMBAI: India has cut import
taxes on crude and refined palm
oil from the Association of South-
east Asian countries after a request
from suppliers, a government no-
tification said.
This will lead to higher imports
of palm oil by the world’s biggest
edible oil buyer in the coming
months as it would narrow the dif-
ference between the tropical vege-
table oil and competitors such as
soyoil and sunflower oil.
The duty on crude palm oil was
lowered to 40% from 44%, while a
tax on the refined variety was cut
to 50% from 54%, according to the
notification issued late on Monday.
The cuts took effect yesterday.
Malaysian shipments of refined
palm oil will be taxed at 45% com-
pared with 54% earlier, the gov-
ernment said in a separate notice.
In March 2018, India raised the
import tax on crude palm oil to
44% from 30% and lifted the tax on
refined palm oil to 54% from 40%.
India primarily imports palm oil
from Indonesia and Malaysia and
soyoil from Argentina and Brazil.
It also buys small volumes of
sunflower oil from Ukraine and
canola oil from Canada.
Its palm oil imports dropped
were rising in both countries due
to higher output.
The duty on India’s palm oil imports could
crude palm have fallen in December but will
oil is lowered jump this month as some importers
to 40% from had delayed shipments in antici-
44%, while pation of tax cuts, said BV Mehta,
a tax on executive director of the SEA.
the refined The effective duty difference be-
variety is tween crude and refined palm oil
cut to 50% has narrowed to 5.5% from 11% for
from 54%. shipments from Malaysia, which
Photo by could lead to higher imports of re-
Bloomberg fined palm oil, Mehta said.
“This is a death knell for the do-
mestic refining industry and will
halt expansion of palm plantations
in the country,” he said.
6.4% from a year ago to 8.7 million India relies on imports for 70%
tonnes in the 2017/2018 marketing of its edible oil consumption, up
year ended in October, according from 44% in 2001/2002.
to Solvent Extractors’ Association “Traditionally, Indonesia cor-
(SEA), a Mumbai-based trade body. ners the bulk of India’s palm oil
Indonesia and Malaysia, the market. The duty reduction will now
top two palm oil producers, were allow Malaysia to raise its share,”
seeking a reduction in the import said a Mumbai-based dealer with
tax by New Delhi as inventories a global trading firm. — Reuters

Blockchain will finally
make itself useful this year
BY TO M B U ERKL E
NEW YORK: After all the hype,
blockchain is due for a break-
through in 2019. Banks and com-
panies are gradually applying
versions of the distributed-ledger
technology associated with bit-
coin to tasks like settlement.
Demonstrating blockchain’s
utility, though, will say little about
the value of cryptocurrencies
themselves.
The technology’s potential for
recording and sharing data instant-
ly and securely has captured the
imagination of the corporate and
financial sector as well as anti-es-
tablishment libertarians.
The latter dream of money that
is free from the grasp of banks or
governments, while the former
hope to replace ageing back-office
technology, increase efficiency
and cut costs. Yet a decade af-
ter blockchain’s basics were laid
down by the elusive Satoshi Naka-
moto, no killer app has emerged.
That is set to change. Banks
and exchanges have deep pock-
ets, and their development of per-
missioned blockchain systems —
limited to members of a defined
group — avoid the heavy ener-
gy use, capacity constraints and
governance problems that have
plagued bitcoin and upstart plat-
forms like electro optical systems.
So far these efforts have proved
the effectiveness of blockchain for
uses like securities settlement or
one-off transactions like the A$110
million (RM319.03 million) bond
the World Bank issued through a
*
distributed ledger in August.
In October, the Depository
Trust & Clearing Corp, the big-
gest US processor of securities
trades, said testing showed block-
chain technology could handle
the American equity market’s
peak daily volume of over 100
million trades.
In early 2019, Luxembourg
banks are expected to start us-
ing software from start-up Cam-
bridge Blockchain to manage
know-your-customer regulatory
compliance.
Digital Asset Holdings, the ven-
ture until recently run by former
JPMorgan derivatives boss Blythe
Masters, is getting ready to test
its blockchain technology at the
Australian Stock Exchange with
the aim of replacing its clearing
and settlement systems by 2021.
More such projects are in the
pipeline.
Now that the boom in initial
coin offerings, which raised some
US$20 billion (RM82.6 billion) in
two years, has largely turned to
bust amid plunging cryptocur-
rency values and a crackdown
by watchdogs, venture-capital
firms may also channel capital
more effectively into less flashy
but more useful ideas.
Bitcoin’s worth has plunged
from a peak of nearly US$20,000 Trump says
in late 2017 to under US$4,000 a
year later: The original virtual cur- ‘not giving
rency and its imitators may never up’ in
reliably become digital gold. But shutdown
blockchain applications that peo-
ple can put to good use would be a stand-off
beneficial by-product. — Reuters Page 19
16 W O R L D B U S I N E S S
Gold barrels into 2019
Volatile trading in equities, rising growth concerns spur demand for haven
BY JAKE LLOYD-SMITH
& K RYSTA L CHI A
SINGAPORE: Gold closed out 2018
on a strong note, its haven demand
reinvigorated by volatile trading
in global equities, rising concern
about the economic outlook and a
drawn-out government shutdown
in the US.
Bullion futures held near a
six-month high after topping
US$1,280 (RM5,286) an ounce,
and the metal posted its best
BLOOMBERG
Einhorn’s
Greenlight
extends decline to
34% in worst year
BY SH E L LY H AGA N , KAT HERINE
B URTO N & SI MONE FOXMAN
NEW YORK: David Einhorn (pic)
closed out 2018 with his biggest
annual loss ever for the 22-year-
old Greenlight Capital.
The firm’s main hedge fund fell
9% in December, extending the
year’s decline to 34%, according
to an investor update viewed by
Bloomberg.
Greenlight posted some of the
industry’s best returns in its ear-
ly years, but has stumbled since
losing more than 20% in 2015.
Other value-investing man-
agers have also struggled, as a
decade of historically low in-
terest rates and the rise of pas-
sive investing and quant trading
pushed growth stocks past their
inexpensive brethren. Three Bays
Capital and SPO Partners & Co,
which sought to make wagers
on undervalued stocks, closed
in 2018. Einhorn has repeatedly
expressed his frustration with
the poor performance this year,
while remaining steadfast in his
commitment to value investing.
Greenlight, which posted
gains only in May and October,
underperformed both the broad-
er market and its peers in 2018.
The S&P 500 Index dropped 4.4%,
including dividends, while the
HFRX Global Hedge Fund Index,
an early indicator of industry per-
formance, fell 7% through Dec 28.
A spokesman for the New York-
based firm declined to comment.
— Bloomberg
monthly gain in almost two years.
December’s rally pared an annu-
al decline, the first full-year loss
since 2015.
The precious metal gained
ground this quarter as world equi-
ties plunged and doubts stacked up
about the pace of economic growth
in 2019. A weakening dollar in De-
cember aided the rally amid ex-
pectations the US Federal Reserve
(Fed) would dial back the pace of
rate increases this year. That has
also helped boost holdings in gold-
Netflix rises as 2018 FAANG
leader closes out year with rally
BY RYAN V LASTELIC A
NEW YORK: Netflix Inc rallied on
Monday, with the year’s best-per-
forming FAANG stock on track to
close out 2018 on a positive note.
Shares gained as much as 5.5% in
their fourth-straight daily advance,
a period over which they rose more
than 14%. The S&P 500 was up about
6% over the same period.
While the video-streaming
company is down more than 30%
from its most recent record in
June, Netflix was on track for a
US Gulf refiners feast on domestic oil amid rising output
BY LUCIA KASSAI
HOUSTON: US light oil has become
too cheap for Gulf Coast refiners
to pass up.
Fuel makers on the Gulf, home
to the largest cluster of refineries
in the world, processed oil with an
average American Petroleum In-
stitute gravity of 33.06 in October,
according to the Energy Informa-
tion Administration. The measure
backed exchange-traded funds.
“For gold prices, I think there is
upside to be seen in 2019,” Jingyi
Pan, market strategist at IG Asia Pte,
told Bloomberg TV on Monday, cit-
ing prospects for fewer tightening
moves from the US central bank.
“It does look like one where we will
see a slackening of expectations in
Fed hikes.”
Gold futures for February deliv-
ery hit US$1,286.50 an ounce on
the Comex on Monday, the high-
est price for a most-active contract
gain of nearly 40% in 2018.
The rally made Netflix the year’s
top performer among the FAANGs,
a group of technology and Internet
stocks that also includes Facebook
Inc, Apple Inc, Amazon.com Inc
and Google parent Alphabet Inc.
Facebook is the worst performer
of the group, down more than 25%
in 2018. Of the five, only Amazon
was set to join Netflix by ending
the year in positive territory, with
a gain of almost 30%.
Each of the components has been
extremely volatile of late, with steep
of oil density matches a record set
in February, when Gulf refiners
processed the lightest crude in 26
years thanks to a surge in domes-
tically produced light barrels.
Growing US output has sent im-
ports to a three-year low, as do-
mestic barrels are cheaper than
imported ones. West Texas Interme-
diate, the US benchmark oil, is be-
ing traded at a discount of US$8.10
(RM33.45) per barrel compared
WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
since June. It settled little changed
at US$1,281.30 an ounce at 1.30pm
in New York, ending the month
4.5% higher.
Prices held their ground even
after US President Donald Trump
struck an upbeat tone on his trade
dispute with China, one of the
lingering threats to growth going
into next year. Trump and Chi-
nese counterpart Xi Jinping spoke
at length by phone on Saturday,
with each expressing satisfaction.
— Bloomberg
moves in both directions. However,
the trend in the fourth quarter was
generally lower. The group came un-
der pressure as investors reassessed
the growth prospects and valuations
of the long-time market leaders.
Company-specific issues also
weighed on the stocks, with Face-
book struggling amid a number
of controversies, Apple seeing
signs of weaker iPhone demand
and both Amazon and Alphabet
reporting sales that missed ana-
lyst estimates in their most recent
quarter. — Bloomberg
with Brent, the benchmark used
to price imported oil.
US production doubled in the
past seven years to a record 11.537
million barrels daily in October,
largely supported by new drilling
technologies that allowed produc-
ers to extract oil from areas previ-
ously deemed uneconomical. That
has reduced America’s dependence
on imported oil from Opec coun-
tries. — Bloomberg
A ‘Made
in America’
market
will be a
distorted one
BY R IC H A R D B E A L E S
NEW YORK: US President Donald
Trump’s “America first” mantra
involves barriers to trade and
immigration and a sort of man-
ufacturing nationalism. Experi-
ences like Argentina’s show that
this approach creates market dys-
function and can hit economic
output and jobs. More of that
kind of fallout is likely in 2019 as
the White House rolls out further
protectionist measures.
Agricultural tariffs have al-
ready hit American farmers,
prompting the promise of US$12
billion (RM49.56 billion) in aid to
offset the damage — one glaring
market distortion.
Car prices, meanwhile, could
increase by up to 20% if the US
administration imposes the
threatened 25% levy on foreign
content and manufacturers pass
this through to US consumers,
the Peterson Institute for In-
ternational Economics (PIIE)
calculated in July. This is bad
news for automakers and their
employees. The increased cost
would also vaporise up to a quar-
ter of the tax reductions handed
to car buyers in the 2017 cuts,
the PIIE reckons.
That shows how import tar-
iffs interact with global supply
chains, also critical in consum-
er electronics. Several analysts
have suggested the cost of Apple’s
US$1,000 iPhone X might double
if the gadget could be made en-
tirely in the US — assuming the
company did not absorb any of
the extra cost.
There is more to it, though.
When President Cristina Fernan-
dez insisted in the early part of
this decade that electronics be
made inside Argentina, then-
trendy BlackBerry gave it a go.
Despite Fernandez’s Trump-wor-
thy photo opportunity when the
first handset rolled out, the de-
vice was already out of date as
well as too expensive, National
Public Radio explained in a 2017
podcast. BlackBerry production
ended within a few years.
Apple chief executive Tim
Cook has noted that the com-
pany’s outsourcing — much of it
centred on China — is these days
not so much about cost savings.
It is about the quantity and skill
level of labour that is available.
That, along with certain kinds of
manufacturing know-how, can
be hard to replicate at scale, even
in the US.
Uncle Sam has resources Ar-
gentina can only dream of, but
the basic lessons still apply. The
US’ own history shows the fail-
ure of episodes of protection-
ism, the Cato Institute argued
in 2017, highlighting the steep
economic costs researchers have
identified. A “Made in America”
market will be a badly distorted
one. — Reuters
WED N ES DAY JA N UA RY 2, 20 1 9 • T HEED G E FINA NCIA L DA ILY
Wall Street rises
It limps across the finish line of a turbulent year
BY S T EPH E N C U L P
NEW YORK: Wall Street advanced
in low-volume trading on Monday
as revellers gathered to ring in 2019,
marking the end of the worst year
for US stocks since 2008, the height
of the financial crisis.
Wall Street entered correction
territory in late January and was
challenged for much of 2018 by
tariff jitters, rising interest rates
and fears of diminishing corpo-
rate profits.
“Investors got complacent,” said
Thomas Martin, a senior portfolio
manager of Globalt Investments in
Atlanta. “People were positioned for
the lack of volatility, and when that
changed because of trade concerns
and interest rates, people started
repositioning and that started the
cascade.”
December was a particularly try-
ing month for US equities. The S&P
500 Index saw its worst December
since the Great Depression and the
Nasdaq confirmed that it was in a
bear market or 20% below its high.
‘China seeks talks with India
to push Asia trade pact’
BY SHRUTI SRIVASTAVA
NEW DELHI: China has sought
talks with India to allay concerns
about a regional free trade pact it
is spearheading, two people famil-
iar with the matter said, as Beijing
seeks newer markets amid the on-
going trade war with the US.
The 16-country Regional Com-
prehensive Economic Partnership
(RCEP) agreement has been in the
works for a while, and China is
keen to conclude it by end-2019,
the people said, asking not to be
identified as the matter is not
public. India’s wariness about a
possible flood of Chinese goods,
and its demand for looser immi-
gration rules for its tech profes-
sionals remain sticking points.
China’s inability to close the
trade deal highlights the contin-
uing suspicion among its Asian
‘Pooey Puitton’ purse said to irk
Louis Vuitton, prompts lawsuit
BY J O N AT H A N STEMPEL
NEW YORK: A California toy com-
pany has sued Louis Vuitton to stop
the French luxury goods maker
from interfering with its sales of a
slime-filled, poop-shaped toy purse
for children, Pooey Puitton.
In a complaint filed last Friday
in the Los Angeles federal court,
MGA Entertainment Inc said no
reasonable consumer would mis-
All three are down about 9% since
the beginning of the month.
In the new year, investors hope
for the removal of question marks
that acted as significant headwinds
in 2018, including US-China trade
negotiations, the path of US Fed-
eral Reserve interest rate hikes,
slowing corporate growth and an
economic fallout from the upcom-
ing departure of Britain from the
European Union, or Brexit, among
other concerns.
As 2019 gets under way, “inves-
tors will be looking to corporate
earnings, what happens with the
trade negotiations and the body
language of the Fed”, Martin added.
On Monday, renewed hopes for
a resolution to the US-China trade
dispute provided a glimmer of op-
timism for investors.
US President Donald Trump
indicated on Twitter that progress
had been made towards a poten-
tial settlement of trade tensions
between the US and China which
have plagued stock markets for
much of the year. — Reuters
trading partners over Beijing’s
effort to increase its influence
in the region. The RCEP, along
with the Belt and Road Initiative
to build investment and trade
links with countries along the
old Silk Road to Europe, is a
key element in China’s efforts
to seize the geopolitical advan-
tage following what many in the
region see as a US retreat under
US President Donald Trump.
India’s foreign ministry did
not immediately respond to a
message seeking comments.
China’s commerce and foreign
affairs ministries did not imme-
diately respond to a fax.
The meeting is likely to take
place before the end of this
month, and New Delhi has
drawn up a list of issues it will
take up with Asia’s largest econ-
omy. — Bloomberg
take Pooey Puitton, which retails
for US$59.99 (RM247.76), for cost-
lier LV handbags.
“The use of the Pooey name
and Pooey product in association
with a product line of ‘magical
unicorn poop’ is intended to crit-
icise or comment upon the rich
and famous, the Louis Vuitton
name, the LV marks and on their
conspicuous consumption,” the
complaint said. — Reuters
Euro faces tough adolescence
BY S WAHA PATTANAI K
LONDON: Character weaknesses
are usually evident by the time
people hit their twenties and be-
come hard to fix by their thirties.
The euro celebrates its twentieth
birthday saddled with flaws dat-
ing back to its conception. There
were early successes in financial
market terms as bond issuance
and trading volumes took off,
and its share in foreign exchange
reserves grew. However, that
gave way to a teenage crisis of
existential proportions, which
dented official reserve managers’
desire to hold the single curren-
cy. Temporarily covered up by
the drug of cheap central bank
money, the weaknesses retain
their power to ruin the single
currency’s adulthood.
This dangerous fault line is
budget policy. Countries who
join the euro are supposed to
have achieved enough econom-
ic convergence to cope without
being able to devalue their cur-
rency or set their own monetary
policy. They certainly are not
supposed to need bailouts from
their peers. That is the reasoning
for a fiscal deficit cap of 3% of
gross domestic product, which
the European Commission is
responsible for policing.
Yet the reality has fallen short:
2018 may be the first time in
a while that all euro members
actually achieve the deficit cap.
And even then, Italy is on a col-
lision course with the European
Commission, which views the
budget plans of the eurozone
W O R L D B U S I N E S S 17
Trump indicates
on Twitter
that progress
had been
made towards
a potential
settlement of
trade tensions
between the
US and China
which have
plagued stock
markets for
much of the
year. Photo by
Reuters
Playing hardball may
also damage popular
support for the single
currency project.
economy’s third biggest econ-
omy as too profligate, especial-
ly after adjusting for economic
swings. Realpolitik is the main
hurdle to a strict application of
the budget rules. Many countries
are wary of being heavy-handed
with peers. Playing hardball may
also damage popular support
for the single currency project.
Italian backing for the euro has
already fallen sharply since 1999
— in contrast to increased en-
thusiasm in Germany.
Nor can policymakers leave it
to bond vigilantes to impose dis-
cipline. True, a blowout in bond
yields in 2011 and 2012 posed
an existential threat to the euro,
but markets imposed next-to-no
discipline in the years before the
financial crisis, and have been
pretty forgiving since European
Central Bank president Mario
Draghi began buying assets. Fi-
nancial markets were enthusi-
astic adopters of the euro in its
infancy, with foreign exchange
trading volumes and bond issu-
ance in the euro quick to take off.
But they also nearly forced out
one of its members — Greece.
To avoid a breakdown later in
life, the euro’s big birth defect
will have to be fixed. — Reuters
IN BRIEF
Hertz Global to pay
US$16m fine to settle
accounting case — SEC
WASHINGTON: Hertz Global
Holdings Inc has agreed to
pay a US$16 million (RM66.08
million) fine to settle a case
over accounting misstate-
ment, the US Securities
and Exchange Commission
(SEC) said in an order filed
on Monday. Beginning in
2012, “Hertz’s public filings
materially misstated pre-tax
income because of account-
ing errors made in a number
of business units, and over
multiple reporting periods”,
the regulator said in its cease
and desist order. The car rent-
al company did not admit or
deny the regulator’s findings
but agreed to pay the fine, the
order said. — Reuters
Bayer’s Monsanto sues
Wells Fargo, Citizens
over default threats
MONSANTO: The US agri-
business giant acquired by
Bayer AG this year said in a
court filing on Monday lend-
ers who hold leases on some
company planes may try to
claim the takeover placed
the contracts in default, even
though all payments are cur-
rent. The company sued Wells
Fargo Trust Co and Citizens
Asset Finance Inc in the New
York federal court, asking a
judge to block the lenders
from declaring the leases in
default. The contracts require
St Louis-based Monsanto to
maintain a credit rating of
BBB- or better, according to
the lawsuit. — Bloomberg
Macau casinos rake
in US$37.6b gaming
revenue in 2018
MACAU: Gambling revenue
in Macau rose 14% in 2018,
the second consecutive year
of gain as demand to wager
in the Chinese territory con-
tinued to rebound from a pro-
longed slump. December was
also the 29th straight month
where revenue in China’s only
legal gambling hub rose versus
the same month a year pri-
or, according to data released
yesterday by the Gaming In-
spection and Coordination Bu-
reau. Revenue for the full year
was 302.85 billion Macanese
pataca (US$37.6 billion or
RM155.29 billion). — Reuters
‘Tesla has over
3,000 Model 3s left
in US inventory’
BENGALURU: Tesla Inc had
over 3,000 Model 3s left in in-
ventory in the US as of Sun-
day, automotive news website
Electrek reported on Monday,
citing people familiar with the
matter. The electric car maker
has been urging buyers to make
use of the federal tax credit,
with chief executive officer
Elon Musk reminding them on
Twitter on Saturday the benefit
would drop to half from 2019.
On Monday, Musk tweeted a
list of Tesla stores open until
midnight. — Reuters
18 WORLD
North Korea’s Kim says
ready to meet Trump
But warns of new path if US sanctions and pressure against the nation continue
BY H YO NH EE SHI N & SOYOUNG KIM
SEOUL : North Korean leader
Kim Jong-un said yesterday he is
ready to meet US President Don-
ald Trump anytime to achieve their
common goal of denuclearising
the Korean Peninsula, but warned
he may have to take an alternative
path if US sanctions and pressure
against the country continued.
In his New Year address, Kim
said denuclearisation is his “firm
UK police
investigate
stabbings in
Manchester
BY PH IL N OB L E
& EL I S A B ETH O’ L EA RY
MANCHESTER: British counter-
terrorism police are investigating
stabbings at Manchester Victoria
train station that left three peo-
ple injured, including a police
officer, on New Year’s Eve, the
Greater Manchester Police said.
Police were, however, keeping
an open mind as there was no
intelligence suggesting a wider
threat, the Greater Manchester
Police said in a statement posted
on Twitter. They said a man is in
custody and those injured were
in a “serious” but not life-threat-
ening condition.
The stabbings occurred at
about 8.50pm.
“Tonight’s (Monday) events
will have understandably wor-
ried people but I need to stress
that the incident is not ongoing.
A man is in custody and there is
currently no intelligence to sug-
gest there is any wider threat at
this time,” Assistant Chief Consta-
ble Rob Potts said in a statement.
Police said the man in custody
is being held for “questioning on
suspicion of attempted murder”.
Britain is currently on its sec-
ond-highest threat level of se-
vere, meaning an attack is con-
sidered highly likely and security
officials say they are facing re-
cord levels of work in countering
Islamist militants as well as far-
right extremists after four major
attacks last year.
Manchester itself was the
scene of a suicide bomb attack
in May 2017 that killed 22 peo-
ple as they left an Ariana Grande
concert.
“I heard the man say, as long
as you keep bombing these
countries this is going to keep
happening,” BBC producer, Sam
Clack, told BBC 5 Live radio. —
Reuters
will” and suggested for the first
time that North Korea would no
longer produce nuclear weapons,
but also urged Washington to take
unspecified corresponding action
to speed up the stalled diplomatic
process.
North Korea might be “com-
pelled to explore a new path” to de-
fend its sovereignty if the US “seeks
to force something upon us unilat-
erally ... and remains unchanged in
its sanctions and pressure”, Kim said
Xi, Trump vow cooperation on
diplomatic anniversary — report
BEIJING: The presidents of China
and the US have exchanged mes-
sages vowing to boost cooperation
despite a bruising trade war on the
40th anniversary of the countries’
diplomatic relations, Chinese state
media reported.
Tensions between Beijing and
Washington soared in 2018 over
trade disputes, although US Presi-
dent Donald Trump has frozen the
latest planned tariff hike and on
Saturday reported “big progress”
after a call with his counterpart
Xi Jinping.
In the messages sent yesterday,
Xi underlined the importance of
in his nationally televised address.
The comments are likely to fuel
growing scepticism over whether
Pyongyang intends to give up the
nuclear weapons programme that
it has long considered essential to
its security.
South Korea’s presidential office
welcomed Kim’s speech, saying it
carried his “firm will” to advance re-
lations with Seoul and Washington.
Pyongyang has demanded
Washington lift sanctions and de-
working with the US “to advance
China-US relations featuring coor-
dination, cooperation and stability”,
state news agency Xinhua reported.
According to Xinhua, Trump
praised the last four decades of
diplomacy between China and the
US, hailing his “solid friendship”
with the Chinese leader.
Washington and Beijing im-
posed tit-for-tat tariffs on more
than US$300 billion (RM1.24 tril-
lion) worth of goods in total two-
way trade last year, locking them
in a conflict that has begun to eat
into profits and contributed to stock
market plunges.
WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
clare an official end to the 1950-
53 Korean War in response to its
initial, unilateral steps towards
denuclearisation, including dis-
mantling its only known nuclear
testing site and a key missile en-
gine facility.
US officials say those initial steps
were not confirmed and can be
easily reversed, and have called
for strict sanctions enforcement
on North Korea until full, verifiable
disarmament. — Reuters
China and the US established
diplomatic relations on Jan 1, 1979,
with Washington pledging to main-
tain only non-official ties with Tai-
wan.
In the same year, late paramount
leader Deng Xiaoping, often credit-
ed with China’s “Reform and Open-
ing” policy which led to its eco-
nomic transformation, met then US
president Jimmy Carter in the US.
Ties have improved dramatically
from their Cold War nadir, though
the two countries have since weath-
ered ups and downs over a number
of issues including Taiwan, human
rights, and trade. — AFP
Vehicle ploughs
into New Year’s
crowd in Tokyo,
injures eight
BY K W IY EO N H A
& K IM K Y UN G - H O O N
TOKYO: At least eight people
were injured, one seriously,
when a vehicle ploughed into
crowds celebrating New Year’s
Day in Tokyo early yesterday.
A police spokesman said the
driver had been detained and
national broadcaster NHK said
the man had been arrested on
suspicion of attempted murder.
He was identified as Kazu-
hiro Kusakabe, 21, from Osa-
ka, a major city about 400km
south-west of Tokyo, NHK
said.
NHK said the suspect had
initially described the incident
as an “act of terror” but later
said the attack was in retali-
ation for capital punishment.
The incident happened
shortly after midnight local
time on Monday in the popular
tourist area of Harajuku, near
Meiji Shrine, in central Tokyo.
The street was closed to ve-
hicles at the time of the inci-
dent to accommodate the large
number of pedestrians making
their way to the shrine for New
Year’s prayers.
The suspect fled from the
scene and assaulted a passer-by
before he was captured 20 min-
utes later, NHK said. About 20
litres of kerosene were found
in the vehicle.
In a similar attack in 2008, a
man who said he was tired of
life drove a rental truck into a
crowd of pedestrians in Tokyo
before jumping out and stab-
bing several people. At least
seven people were killed and a
dozen injured. — Reuters
NEW YEAR IN
HONG KONG ...
Fireworks exploding over
Victoria Harbour and Hong
Kong Convention and
Exhibition Centre during a
pyrotechnic show to celebrate
the New Year in Hong Kong,
China yesterday. At least
340,000 revellers in Hong
Kong began the new year with
the thunderous roar of HK$14
million (RM7.39 million) worth
of fireworks going off above
Victoria Harbour at the stroke
of midnight. They gathered
on either side of the famed
harbour to watch a 10-minute
synchronised ‘pyromusical’ of
fireworks, pyrotechnics, lights
and music, while countdown
celebrations were held on the
streets and in malls across
commercial and tourist
haunts such as Causeway Bay,
Lan Kwai Fong and Tsim Sha
Tsui. Photo by Reuters
WED N ES DAY JA N UA RY 2, 20 1 9 • T HEED G E FINA NCIA L DA ILY
Trump says
‘not giving up’ in
shutdown stand-off
This is over money for a wall on the Mexican border
BY S H A N N O N PET TY PI ECE
WASHINGTON: US President Donald
Trump said the partial US govern-
ment shutdown is likely to continue
unless Congress gives him money for
a wall on the Mexican border.
“We have no choice; we have to
have border security and a wall is
part of border security,” Trump said
in a phone interview with Fox News,
broadcast during the network’s
New Year’s Eve special yesterday.
“A lot of people are looking to get
Democrat Warren takes step
to challenge Trump in 2020
BY D O I N A C HI AC U
WASHINGTON: US Senator Eliz-
abeth Warren (pic), a liberal fire-
brand who has taken on Wall Street
and traded barbs with US President
Donald Trump, on Monday became
the most prominent Democrat to
announce a challenge to the Re-
publican president in 2020.
Warren said she had formed an
exploratory committee, allowing her
to begin raising money to compete
in what is expected to be a crowded
Democratic primary field before
the November 2020 presidential
election. On Twitter, she said she
would announce her decision on
whether to run early in 2019.
Warren, 69, a senator from Mas-
sachusetts since 2013, became one
of Trump’s fiercest critics during
the 2016 presidential race and they
have continued exchanging bit-
ing insults during his presidency.
Trump mockingly refers to her as
“Pocahontas” because of her claim
to Native American ancestry.
Warren has denounced Trump
Russia detains US citizen in Moscow for suspected spying
BY G A B R I E L L E T ÉTRAU LT- FARBER
MOSCOW: Russia’s FSB state se-
curity service said on Monday it
has detained an American citizen
suspected of spying here and has
opened a criminal case against
him.
The FSB said the American was
detained last Friday, without giv-
ing details of the nature of his al-
leged espionage activities. Under
Russian law, espionage can carry
their pay cheques,” the president
said of government workers who
will not be paid during the fund-
ing lapse, which began on Dec 22.
However, he added that he is “not
giving up” in his stand-off with Sen-
ate Minority leader Chuck Schumer
and representative Nancy Pelosi,
likely to become House speaker
later this week.
Trump spent New Year’s Eve at
the White House, cancelling his
plans to go to his Palm Beach resort
because of the shutdown, entering
as an “insecure money grubber”
with a platform of “racism, sexism
and xenophobia”, while Trump has
described the former Harvard Law
School professor as “goofy” and a
“lowlife” with “a nasty mouth”.
On Monday, Warren released
a video outlining her vision of a
between 10 and 20 years in prison.
A US State Department rep-
resentative said Russia had noti-
fied it that a US citizen had been
detained and it expects Moscow
to provide consular access to see
him. The English-language service
of TASS news agency named him
as Paul Whelan.
David Whelan, in an email, said
he is Paul Whelan’s brother and
that his brother had been arrested.
He declined to comment on how
its 11th day with the start of the
new year. Talks between the White
House and Democrats broke down
last week and now House Demo-
crats are planning to use their new
majority tomorrow to vote on legis-
lation to end the shutdown without
adding funds for the wall.
Yet, it’s unlikely legislation
would have enough votes in the
Senate, still under Republican con-
trol, leaving it unclear how much
longer the shutdown will go. —
Bloomberg
REUTERS
path to opportunity for all Amer-
icans and charged that the US
middle class is under attack from
corporate interests. She later elab-
orated on the theme in an ex-
change with reporters outside
her home in Cambridge, Massa-
chusetts. — Reuters
he learned of his brother’s deten-
tion, his work status at the time of
his arrest and whether his brother
resided in Novi, Michigan in the
US as address records indicate.
There is online speculation that
Paul Whelan had worked for global
staffing firm Kelly Services, head-
quartered about a 40 minute-drive
from Novi. A spokesman for Kelly
Services said a Paul Whelan had
worked for the company until Feb-
ruary 2016. — Reuters
A filepic of Vajiralongkorn at an event in Bangkok. Vajiralongkorn has been
serving as monarch since shortly after his father died in 2016. Photo by Reuters
Thai king to be crowned
in coronation ceremonies
BY PANU W O N G C H A - UM,
PATP I C HA TA N A K A S E MPIPAT
& PANARAT T H E PG UMPA N AT
BANGKOK: Thailand’s king will
be officially crowned in corona-
tion ceremonies from May 4 to
May 6, the royal palace said yes-
terday. King Maha Vajiralongko-
rn, 66, has been serving as mon-
arch since shortly after his father
died in 2016 after a 70-year reign.
“His Majesty deems it fit to
hold the coronation ceremony
per royal traditions for the good
fortune of the nation and the
kingdom, to be enjoyed by the
hopeful people,” a palace state-
ment said.
Romania takes EU helm amid
tensions with Brussels
BY M I HAE L A RO D IN A
BUCHAREST: Romania took over
the European Union’s (EU) ro-
tating presidency yesterday at a
tumultuous time for the bloc and
just days after European Com-
mission president Jean-Claude
Juncker voiced doubts about the
country’s ability to do the job.
Brussels is already at logger-
heads with the increasingly pop-
ulist government in Bucharest
on multiple fronts and Juncker’s
comments highlighted some of
the strains.
Romania will be in charge for
six months as the EU faces a se-
ries of key tests — Brexit, parlia-
mentary elections in which eu-
rosceptics will vie for increased
influence, and wrangling over
the next budget.
Romania, taking the presi-
dency for the first time as it suc-
ceeds Austria, has been one of
the EU’s most consistently eu-
rophile member states since it
joined in 2007.
However, its left-wing govern-
ment recently began adopting
the sort of nationalist rhetoric
expounded by nearby Hungary
and Poland.
All three are embroiled in dis-
putes with the EU over contro-
versial reforms that critics said
W O R L D 19
Vajiralongkorn officially be-
came Thailand’s king in Decem-
ber 2016 after an invitation by
parliament following his re-
vered father, King Bhumibol
Adulyadej’s death on Oct 13,
2016.
His official coronation has
been delayed until after a year-
long mourning period for Bhu-
mibol, cremated in October 2017
in a grand royal funeral here.
Bhumibol was revered by
Thais during his seven decades
on the throne and the deep rela-
tionship between the monarchy
and the military helped facilitate
a smooth royal transition follow-
ing his death. — Reuters
undermine the rule of law.
Liviu Dragnea, head of the
ruling Social Democrats (PSD)
and widely seen as Roma-
nia’s most powerful man, has
slammed the EU as “unfair”,
claiming Brussels is seeking to
deny Bucharest the “right to hold
its own opinions”.
In remarks to German daily
Die Welt on Saturday, Juncker
said even if-Romania was “tech-
nically well-prepared” for the
presidency, the “Bucharest gov-
ernment has not fully understood
what it means to preside over the
countries of the EU”.
The EU presidency “requires
a willingness to listen to others
and a willingness to put one’s
own concerns in the background.
I have some doubts about this,”
Juncker said.
One of the main reasons for
the cooling of relations between
Bucharest and Brussels is the
PSD’s planned overhaul of Roma-
nia’s judiciary, which the govern-
ment said is aimed at clamping
down on “abuses” by judges and
magistrates.
However, the European
Commission wants the reforms
scrapped, saying they undermine
the fight against corruption in
one of the EU’s most graft-prone
states. — AFP
20 F E AT U R E
Climate change takes toll
on French oyster farmers
Long drought in summer leads to smaller harvests and smaller shellfish
BY EL I A VA I SSI ERE
G
ulping down oysters
has long been a fa-
vourite New Year’s
eve ritual for the
French, but as win-
ters get warmer and
summers get drier many growers
worry there will soon be fewer of
the prized mollusks to go around.
“Twenty years ago, we’d be shiv-
ering in the warehouse while pre-
paring the holiday orders. Today it’s
15°C (60°F),” says Brittany oyster-
man Mathieu Le Moal, his sleeves
rolled up in front of a tractor carry-
ing dozens of bulging oyster sacks.
“We don’t have seasons anymore
— but oysters need all four. They
need the winter, it’s when they can
rest, use less energy,” Le Moal says.
Inside a wooden hanger redolent
of salt and the sea, around a dozen
of his workers are sorting, weighing
and packing oysters into crates in
the Brittany port of Cancale.
Le Moal and other farmers along
this stretch of France’s Emerald Coast
say the long drought, which struck
swathes of the country this summer,
took a heavy toll, leading to smaller
harvests, and smaller shellfish.
Without summer rains that wash
crucial minerals into the oyster
beds, “there’s no plankton, the main
food for oysters, so they don’t grow,”
explained fellow oysterman Ber-
trand Racinne, weaving his way
between baskets and stacked crates.
“In the end, we have oysters but
not enough of the big ones,” said
Racinne, who like most growers
sells more than half his yearly pro-
duction in December.
Cold weather normally encour-
ages a needed rest for oysters to ma-
ture, said Yoann Thomas of France’s
IRD research institute.
But this winter has so far been
Plunging coffee bean prices could drive grower cutbacks in 2019
BY G E R S ON FREI TA S JR
IT’S been a big year for the com-
panies that sell coffee, but not so
much for the growers that supply
them. That could start to change
in 2019.
Historically low prices for cof-
fee beans in 2018 will likely re-
duce the incentive for farmers
to expand supplies, said Rodrigo
Costa, the US-based coffee direc-
tor for Brazilian trading company
Comexim. That could mean a price
spurt ahead, analysts say, as major
moves within the industry promise
to boost consumption worldwide.
Coca-Cola Co, for instance,
spent US$5 billion (RM20.65 bil-
lion) in 2018 to get into the java
This file photo taken on Dec 16, 2016 shows a general view of oyster beds in Cancale, western France. Warmer water temperatures are also
a risk because they facilitate the spread of viruses that are especially harmful to oyster larvae, or spat, and young oysters. Photos by AFP
unusually warm and, paradoxical-
ly, too rainy.
Rains may bring minerals that
favour plankton growth — but they
also mean the mollusks spend too
much energy eating.
This year’s harvest are likely to
start the spring “fragile and vulner-
able”, warned Racinne.
“We’ve found that periods of ex-
treme mortality (more than 25% of
oysters) come several months after
mild and rainy winters,” Thomas said.
Germs thrive
“Ten grammes fewer for each one,
that makes a difference in sales,”
said Philippe Le Gal, president of
the CNC national shellfish produc-
ers’ association.
In 2017 the roughly 4,500 oys-
ter growers in France sold 100,000
tonnes, at an average price of €5,000
(RM23,541) per tonne.
“Oyster farmers will see volumes
down by 20% to 30% this year. Cli-
space. Meanwhile, Nestle SA made
its third-largest deal in 152 years
when agreeing to pay US$7.15 bil-
lion for the right to market products
from Starbucks, which is now ex-
panding in China at a rate of a new
store every 15 hours as demand in
the world’s second largest econo-
my booms.
“You can’t have everybody in the
chain winning at the same time,”
Lucio Dias, commercial director at
Cooxupe, the world’s largest cof-
fee-growers cooperative, said in
a telephone interview from Guax-
upe, Brazil.
Next year, he and others say, the
growers may get a bigger piece of
the action. Coffee futures are fore-
cast to average US$1.24 a pound in
An employee prepares a hamper of oysters on Dec 21, 2018 in a fishpond in Treveneuc,
western France.
mate warming is starting to have
an impact,” Le Gal said.
Warmer water temperatures are
also a risk because they facilitate
the spread of viruses that are es-
pecially harmful to oyster larvae,
or spat, and young oysters.
Scientists point in particular to a
Herpes virus, OsHV-1, that has been
2019, according to the mean esti-
mate of eight analysts surveyed by
Bloomberg. That’s up from US$1.15
a pound this year, which is below
the past five-decade average price.
That will come as consumption
has increased by an average 3.6 mil-
lion bags a year since the 2014-15
season, according to the US De-
partment of Agriculture (USDA).
It’s been a tough 2018 for farm-
ers. Prices for arabica coffee beans,
the type favoured by Starbucks, fell
about 20% in New York, touching
the lowest level since 2006.
The annual average price paid to
farmers in Brazil was the lowest in
four years in local currency terms.
That’s because demand growth has
been more than offset by a jump
WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
present in French oyster waters since
1991 but has become more aggressive
recently, for reasons still unknown.
Since 2008, up to 75% of young
oysters have been lost in some years,
said Fabrice Pernet at the Ifremer
ocean research institute in Brest.
“Oyster farmers had found a solu-
tion by putting ten times the amount
in coffee supplies led by the South
American country after a wave of
investments in trees, fertilisers and
improved growing techniques in
the past few years was met with
near-perfect weather conditions
in 2018.
Global coffee output in the cur-
rent season is estimated at a record
174.5 million bags, up 15.6 million
from the previous year, also reflect-
ing output increases in Colombia
and Vietnam, the USDA said on Dec
14. Ending stocks are seen rising by
a quarter to a four-year high.
Excess supplies favoured the
consumer end of the sector over
producers. In 2018, US retail prices
for roasted coffee rose to an average
3.8 times the price for the commod-
of spat in the water in autumn, when
the virus is not active,” Pernet said.
But warmer waters would re-
duce this window of opportunity,
he said, and new pathogens could
arrive if carried north by fish and
other sea life fleeing rising temper-
atures further south.
Adding to the challenges, ris-
ing ocean acidity requires oysters
to spend more energy in building
their shells, Pernet said.
‘Still magnificent’
Erratic and extreme weather con-
ditions are likely to become more
frequent unless aggressive steps are
taken to limit climate change caused
by human activities, scientists warn.
“By 2035 the abnormally high
mortality episodes that currently
occur every ten years risk happen-
ing every two years,” Pernet said.
Not every oyster farmer is
convinced, however, saying the
bigger risks are pollution, oyster
beds that are becoming too dense-
ly packed and the increased use of
genetically modified species.
“Mortality rates change every
year, depending on the region ...
but nobody can really explain why,”
said Alexandre Prod’homme, an-
other grower in Cancale.
But if warming and weather pat-
terns become increasingly volatile,
French farmers might have to start
changing their growing seasons or
move their beds north or further
out to sea, Pernet said.
For now, most growers say
they’re going to wait and see.
“We’re not sure about anything
regarding the impact of global warm-
ing, we’re waiting for more scientific
research. But even if they’re not as big,
our oysters are still magnificent, and
top quality!,” said Daniel Coirier, pres-
ident of the shellfish association for
the Poitou-Charentes region. — AFP
ity futures traded in New York, the
highest level since 2013.
The weakening of the Brazil-
ian real and the Colombian peso
against the dollar also played a
role in the drop by encouraging
local farmers to sell more of their
coffee, which is usually priced in
the greenback. So did the worst
decline in commodity prices since
2015 amid rising interest rates in
the US.
Output in Brazil should decline
to 55 million bags from a record 63.4
million bags this year as the country
enters the lower-yielding half of a
biennial cycle, which should help
sustain prices and favour farmers
over roasters, Dias of Cooxupe said.
— Bloomberg
WED N ES DAY JA N UA RY 2, 20 1 9 • T HEED G E FINA NCIA L DA ILY
H O M E B U S I N E S S 21

WEEK
IN FOCUS
1 (From left) Malayan Banking Bhd
(Maybank) group chief executive
officer (CEO) for community
financial services Datuk John
Chong Eng Chuan, Permoda-
lan Nasional Bhd president and
group chief executive Datuk Ab-
dul Rahman Ahmad, Maybank
group president and CEO Datuk
Abdul Farid Alias, head of com-
munity financial services Malay-
sia Datuk Hamirullah Boorhan,
and Amanah Saham Nasional
Bhd (ASNB) CEO and execu-
tive director Mohammad Hussin
launching the new Maybank dig-
ital services for ASNB customers
in Kuala Lumpur recently.

2 (From left) CIMB group con-

sumer banking preferred bank-
ing and segments regional head
Desmond Teoh, Digi Telecom-
FULFILLING PLEDGE ... CIMB Group chief executive officer Tengku Datuk Seri Zafrul Aziz (second from left) and CIMB Niaga president director Tigor M Siahaan (left) munications Sdn Bhd chief mar-
keting officer Loh Keh Jiat, CIMB
presenting RM513,000 in contribution to victims of the Central Sulawesi earthquake to Unicef Indonesia deputy representative Robert Gass (third from left) and Unicef Indonesia
head of regional partnerships
head of private sector partnership and donation mobilisation Gregor Henneka in Jakarta, Indonesia recently. This initiative is in line with CIMB Group’s pledge of 1% of profit before
Seng Kok Wing, and Digi head
tax to empower more communities and change more lives across the Asean region.
of iTelco How Lih Ren at a press
briefing in Kuala Lumpur re-
cently announcing a partner-
ship focused on delivering syn-
ergistic values to create a better
experience for their respective
customer bases.

3 Sunway Bhd property division

managing director Sarena Cheah
handing over a school bag to
one of the children of the Sel-
angor Youth Community at the
Sunway Serene Sales Gallery in
Petaling Jaya, Selangor recently.
Besides giving away school bags,
Sunway Property also hosted a
“movie by the lake” event at the
Sunway Serene Sales Gallery for
1 2 the children as part of the com-
pany’s commitment as a master
community developer.

4 (From left) Eu Yan Sang retail

manager Chia Liang Hong, man-
aging director Eric Chiu, senior
manager Chew Lee Yuen, and
senior sales manager Wo You
Lam launching Eu Yan Sang’s
2019 Chinese New Year cam-
paign themed “A Year Filled with
Joy” together with its “Bucket of
Gold” charity fundraising cam-
paign in Kuala Lumpur recently.

5 Huawei Malaysia human re-

sources director of Malaysia rep-
resentative office Peter Fang-
3 4 pan (right) handing over a mock
cheque to University of Malaya
Deputy Vice Chancellor (aca-
demic and international) Prof
Dr Kamila Ghazali after signing
a scholarship contract worth
RM300,000 in Kuala Lumpur
on Dec 27.

6 (From left) Sony Project organ-

ising chairman Don Chiew, Li-
ons Club of Kuala Lumpur Elite
founder Jason Tang, Sony Ma-
laysia managing director Satoru
Arai, and Sony Bravia OLED am-
bassador and local celebrity Jack
Lim during a visit to the Tong
Sim Senior Citizens Centre in
Kuala Lumpur recently.
5 6
22
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
Personal
ASSISTANT
CO M PI L ED BY SOPHI YA SABAPATHY
WORK. LIFE. BALANCE
ON the run in the year 1987, Bumblebee the
Autobot seeks refuge in a junkyard in a small
California beach town. Charlie, on the brink
of turning 18 years old and trying to find
her place in the world, soon discovers the
battle-scarred and broken Bumblebee. For
cinema viewing times, visit cinema.com.my.
TREAT yourself to a dual-action, anti-age-
ing moisturiser for men which is clinically
demonstrated to visibly lift and firm the skin
while minimising the appearance of lines
and wrinkles. Available for RM193.10 for the
50ml tube at kiehlstimes.com.my.
WATCH Australian comic, Hannah Gadsby, as
she reshapes standard stand-up by pairing
punchlines with personal revelations on
gender, sexuality and childhood turmoil in
her very own stand-up Nanette. Available
for viewing at netflix.com.
RWG WELCOMES 2019
WITH RAZZLE AND DAZZLE
A large crowd enjoyed
fireworks, pyrotechnic
and synchronised
displays
O
n New Year’s Eve, Resorts
World Genting (RWG)
held its annual colourful
fireworks show to wel-
come the new year. The
massive display was fol-
lowed by an astonishing pyrotechnic
and then a synchronised showcase. Over
100,000 people turned up to witness the
dazzling countdown at 11.59pm, also
visible miles away.
At midnight, the crowd gave loud
cheers and Happy New Year greetings,
amid the fireworks bursting into the skies
in red, blue, green, yellow and purple,
among other hues.
The pyrotechnic and synchronised
displays were also a spectacle, adding
more dramatic effects and elements of
surprise to the fireworks show. It was
said that the Park Avenue Lounge in
SkyAvenue offered the best views of the
whole production, and where guests
were seen mingling, enjoying canapés
and fine champagnes.
Those at the High Line Rooftop Market
and the SkyAvenue outdoor open deck
area also raved about the views of the
seven-minute showcase. With loud mu-
sic in the background, visitors were seen
having a blast dancing till the wee hours.
Another attraction was the Genting
Pokémon Festival, an ongoing event.
Pokémon enthusiasts and families with
WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
children capped the night off at the most
adorable countdown up in the moun-
tains, featuring a special appearance by
a life-sized Pikachu.
The all-dancing Pikachu troupe per-
formed an exciting Pikachu-style dance
in a parade led by a vibrant host on the
SkySymphony stage at Level 1 of SkyAv-
enue mall. The audience was charmed;
in fact, most of them used their mobile
phones to record the cute showcase for
posterity.
Elsewhere, the Marella Discovery
Cruise ship made its first trip to Malay-
sia yesterday, docking at the Genting Star
Cruises port in the Andaman Sea next to
the Resorts World Langkawi.
The port had received some 1,300 ships
last year, with approximately 130,000
passengers arriving on ships such as the
Genting Dream, as well as Star Cruises’
ships such as the SuperStar Gemini.
For the Marella Discovery Cruise, this
is the furthest destination yet for the ship
where passengers spent a night in Lang-
kawi before leaving for Bangkok.
Total passengers for Marella Cruis-
es’ Fly & Cruise packages are expected
to increase the number of tourists in
Langkawi by 7,200 in the first year of the
programme, expected to continue for
the winter holidays in 2019 and 2020,
with the summer holidays held in the
Mediterranean.
This is a tourism ministry initiative to
boost Malaysia’s visibility across all Eu-
ropean source markets and strengthen
the country’s position as an international
holiday destination.
Malaysia Tourism Promotion Board
deputy director general (Promotion)
Datuk Mohmed Razip Hasan, Langkawi
Development Authority (Lada) admin
manager (Promotions) Mable Leong
and Resorts World Langkawi assistant
vice president Azahar bin Osman were
present to receive the first group of pas-
sengers at the Langkawi International
Airport.
“Today (yesterday) marks a momen-
tous day for Langkawi with the TUI airline
flying into Langkawi and Marella Cruises
docking next to the Resorts World Lang-
kawi. We are delighted with the minis-
try of tourism and Lada’s initiatives and
efforts to bring this European cruise to
Langkawi,” Genting Malaysia Bhd execu-
tive vice-president of leisure & hospitality
Datuk Edward Holloway said.
“With the resort just less than a
five-minute walk to the cruise liner, we
met with TUI’s senior programming team
some months ago to explore future pro-
grammes to include pre- and post-stays
for their passengers. We see great po-
tential in working with Marella Cruises
and for more visits in future for British
visitors to enjoy the beautiful island of
Langkawi and Malaysia.” 
Joanna Morgan, head of hotel opera-
tions of the Marella Cruises, TUI Group
said: “Langkawi is a perfect destination
for British travellers and we are pleased
with the overwhelming response for this
package. Our passengers find comfort
by coming in by both a British ship and
plane to see Malaysia in a British way,
so to speak.”
“With Resorts World Langkawi just a
five-minute walking distance from the
ship, our travellers will find the resort
a lovely place to visit as it has friendly
staff members and is the perfect place
for a walk and drinks in the evenings,
with magnificent views of other islands.
In addition, we’ve also arranged a large
excursion programme for our passengers
to visit Langkawi,” she added.

WED N E S DAY JA N UA RY 2, 20 1 9 • T HEED G E FINA NCIA L DA ILY
CARS BY H ANNAH ELLIOTT
The car I am most looking forward to driving in 2019
THE year 2018 was very good for the car
industry. According to Cox Automotive,
US auto sales are expected to total 17.2
million units this year, which is more
than last year and the fourth year in a
row to beat 17 million, finishing above
the firm’s earlier forecasts. However, I
am already looking forward to what I
can get my hands on in 2019.
For starters, there is the converti-
ble version of the Bentley Continental
grand tourer (GT), one of my favour-
ite cars from 2018, as well as the con-
vertible version of the McLaren 720S,
which got a rather mixed review from
me. I am hoping the open-air version
is more exciting, or improved, in terms
of technology (hey, it could happen!)
than the coupe.
I am also eager to try the next-gen-
eration Porsche 911 — the 992. As the
next-generation continuation of a
54-year-old icon, it has a lot to prove,
and a lot to lose, if Porsche does not
get it right.
However, the Porsche Taycan stands
out above all the rest as the most essen-
tial vehicle that I must drive in 2019.
A lot is riding on this otherwise hum-
ble four-door sedan. For starters, this is
Porsche’s first move into general-pro-
duction electrified cars (the 918 Spyder
hybrid does not count).
Also, it will play a crucial role in the
Volkswagen AG (VW) line-up as VW exe-
cutes a plan to become more agile while
it faces major shifts in the auto industry.
The strategy centres on streamlining
operations to goose profits by billions
of dollars over eight years — all while
VW makes expensive-to-manufacture
electric vehicles (EVs) such as the Tay-
can, without passing the additional
costs to consumers.
It is also the brand’s first direct chal-
lenge to Tesla, which has dominated
the luxury EV market since the Model
S debut. From a product standpoint,
the Taycan promises some exceptional
capabilities.
Porsche executives said it will have
a range of 250 miles, after charging in
fewer than 20 minutes. It is expected
to have a total system output of more
than 600 horsepower and accelerate
to 62mph in fewer than 3.5 seconds.
03
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
01
02
In theory, it will hit at a time when po-
tential Tesla consumers are less patient with
poor build quality, endless waiting periods,
and Tesla founder Elon Musk’s latest antics.
It will also need to fend off other contend-
ers on this front, including Volvo’s Polestar
line, BMW’s Vision iNext vehicles, and Jag-
uar’s excellent I Pace sport utility vehicle.
Taycan will not be the only Volkswagen
Group-mounted attack: Porsche is invest-
ing more than €6 billion (RM28.18 billion)
through 2022 on electric mobility; by 2025,
it said, half of the vehicles that Porsche pro-
duces, such as an electric version of the
Macan, will be all-electric or hybrid. (Even
the upcoming 992 has space for a hybrid
power train.)
Audi, too, will be sharing the same elec-
tric power train and 60% of the Taycan com-
ponents in its forthcoming GT. However, as
the first, it is the most important.
Along with spending all that cash, Porsche
has joined such competitors as Bayerische
Motoren Werke AG, Daimler AG and Ford
Motor Co to develop fast-charging infra-
structures in Europe.
live it! 23
01. Porsche is investing more than €6
billion through 2022 on electric
mobility; by 2025, it says, half the
vehicles it produces will be all-electric
or hybrid. Photos by Bloomberg
02. The electric Porsche is expected to have
a total system output of more than 600
horsepower and accelerate to 62mph in
fewer than 3.5 seconds.
03. The 2019 Porsche Taycan is the brand’s
first move into general-production
electrified cars.
They are using racing such as Formu-
la E as a testing bed to develop technol-
ogy that they use in those races for EVs
they can sell to consumers. Five years
ago, I would not have expected to see
either happen. It all shows how much
the automakers need this to work.
Yet, this blockbuster car is no sure
thing. The few times I was in Stuttgart,
Germany in 2018, the factory where
the Taycan will be manufactured was
under construction.
The biggest challenge Porsche faces
may be from its own loyalists. Read any
mention on social media about Por-
sche’s forthcoming electric endeavour,
and you will have to wade through hat-
ers, trolls, and brand purists decrying
the vehicle as lame, neutered, ugly, and
other things unprintable here.
These hardcore gearheads said an
electric Porsche is no Porsche. It needs
to be aspirated with air, water or some-
thing else, they said, and the engine
needs to rumble and crackle and pop,
too. However, if it looks like a Porsche
and drives well, I don’t think the wider
population will care one bit.
Also, having seen it recently in Mexi-
co City, I can vouch for its relative good
looks. (Though I would like to see it in
slate grey, with different wheels.)
One thing is for sure: This will be
the most important single vehicle that
Porsche has launched. You will also
probably see the Taycan coming before
you hear it. Meanwhile, I need to drive
that car! — Bloomberg
2 4 S P O RT S
Kante insists
he is finally
growing into
new role
with Chelsea
BY ST E VEN GRI FFI T HS
LONDON: N’Golo Kante in-
sists he is finally growing into
his new role in Chelsea’s mid-
field as the France star pre-
pares for today’s clash with
Southampton.
Kante earned a reputation
as the world’s best defensive
midfielder after playing a key
role in Chelsea and Leices-
ter’s Premier League title tri-
umphs, as well as France’s
World Cup victory.
But the 27-year-old has
had to adapt to a change of
position this season under
new Chelsea manager Mau-
rizio Sarri.
Sarri, who replaced Anto-
nio Conte in the close-sea-
son, brought Jorginho with
him from Napoli to play the
pivotal midfield role in front
of the defence that used to be
Kante’s domain.
Sarri believes Jorginho’s
superior passing makes him
more suited to launching
Chelsea’s attacks than Kante,
who is now operating in a
slightly more advanced role
on the right of midfield.
Kante has sometimes
looked out of sorts in his dif-
ferent position this season,
but he showed signs of getting
to grips with it on Sunday,
scoring the winner at Crystal
Palace with a well-timed run
and cool finish.
“This role is something I
am enjoying and in a game
I try to make that run some-
times,” Kante said.
“David [Luiz] gave me a
good ball and I am happy to
score with my left foot and
give something to the team.”
Away wins at Watford
and Palace made it a happy
Christmas for Chelsea.
But with the Blues still
trailing 11 points behind
leaders Liverpool, their title
ambitions have been put on
the back burner as they focus
on securing a place in next
season’s Champions League
via a top four finish. — AFP
Venus wins three-set thriller against Azarenka
AUCKLAND: The ageless Venus
Williams launched her 25th year as
a professional by outlasting Victo-
ria Azarenka in a three-set thriller
on day two of the WTA Auckland
Classic yesterday.
In the showdown between the
two former world number ones,
the 38-year-old Williams overcame
Azarenka, nine years her junior,
6-3, 1-6, 6-3.
‘Big Four still Grand
Slam stars to beat’
Djokovic insisted that ‘the next generation is already there’
BY DAV ID HAR DING
DOHA: World No 1 Novak Djok-
ovic said on Monday that tennis’
big four — himself, Roger Feder-
er, Rafael Nadal and Andy Murray
— were still the favourites to win
Grand Slam titles in 2019.
Despite a combination of age,
injury and long-held prediction
of a new generation of stars about
to burst through, Djokovic insist-
ed the four veterans remained the
players to beat.
“I think if we are healthy and
playing well, the four guys still have
probably the best chance to al-
ways win Slams,” said Djokovic in
French World Cup champions awarded Legion of Honour
PARIS: The players in France’s foot-
ball team which last year won the
World Cup, yesterday were award-
ed the the Legion of Honour in the
new year’s honours list.
The 23 players, including star
strikers Kylian Mbappe and An-
toine Griezmann, each received
France’s top medal for their part in
beating Croatia in the World Cup
The two hour 10 minute mara-
thon was packed with power and
precision, and in the end Azarenka’s
nine aces were not enough.
Williams’ superior accuracy in
the opening stages gave her the first
set, before Azarenka took the second
by blasting winners as she moved
her opponent from side to side.
In the deciding third set there
were two breaks by each player in
Doha, ahead of playing in his sea-
son-opener, the Qatar Open.
Djokovic is the favourite to
dominate in 2019, having finished
last season so strongly, overcom-
ing an injury-hit start to the year
to claim the Wimbledon and US
Open titles.
The 31-year-old also rose from
world No 22 to No 1, becoming
the oldest ever player to finish the
year as the highest ranked player
in the world.
His rivals, especially Nadal and
Murray, are still battling back to
full fitness, increasing the chances
that the Serbian could add to his 14
Grand Slam titles.
final in Moscow.
The French team that won the
1998 World Cup also received the
Legion of Honour.
A total of 402 people — half men,
half women — were on this year’s
list, including French writer Michel
Houellebecq, whose latest book
Sérotonin is to be published later
this month.
the first six games before Williams
opened a gap to go 5-3 up when
Azarenka was wide with a cross-
court forehand. The American then
served for the match.
“I love my job, I love what I
do but tonight (yesterday night)
was not easy and maybe one of
the toughest first rounds I’ve ever
played,” Williams said, adding it was
what she needed to start the year.
WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
One more major win and he will
overtake Pete Sampras to become
third on the all-time list of Grand
Slam winners. Only Federer (20)
and Nadal (17) have more.
Since and including 2010, the
“Big Four” have won 32 Grand
Slams between them, with Djok-
ovic top of that list with 13 of
his titles coming in the current
decade.
Djokovic though insisted that
“the next generation is already
there” and singled out Germa-
ny’s world No 4 Alexander Zverev,
Croatia’s Borna Coric, No 12 and
Greece’s No 15 Stefano Tsitsipas
as the main threats. — AFP
France’s Hugo
Lloris lifting the
trophy as they
celebrate winning
the World Cup in
Luzhniki Stadium,
Moscow, Russia
last year. Photo by
Reuters
Houellebecq became a pin-up
of France’s far right after publish-
ing Submission, with its vision of a
France subject to syariah law after
electing a Muslim president in 2022.
Others included Marin Sauva-
geon, a student who was badly beat-
en up in Lyon in November 2016
after standing up to a gang that was
insulting a kissing couple. — AFP
“My goal was to get past the first
round, did you see who I had to
play, and we need these matches
going into the Australian Open,”
she said, referring to the year’s first
Grand Slam which begins in just
under two weeks.
“Now I’m hoping the next round
will be fruitful for me.”
Defending champion Julia Go-
erges coasted through her first
Mayweather
floors Japan’s
Nasukawa in
just two minutes
BY R IC H A R D C A RT E R
TOKYO: Floyd “Money”
Mayweather beat Japanese
kick-boxing phenomenon Ten-
shin Nasukawa by a techni-
cal knockout on Monday af-
ter just two minutes of a New
Year’s Eve “exhibition” bout
that brought the US boxing
superstar out of retirement
for a big pay day.
In a mismatched contest,
Mayweather floored Nasuka-
wa, a kickboxer less than half
his age, three times in the first
round of the three-round con-
test before the Japanese fight-
er’s trainer rushed in to stop
the fight.
“Money” Mayweather has
hinted on social media he
was pocketing US$9 million
(RM37.17 million) for the fight,
meaning he earned around
US$4.5 million per minute for
the spectacle.
The American boxer at first
appeared not to be taking the
fight seriously, grinning at his
opponent and aiming only soft
punches at him.
But he then demonstrated
his power, launching a series
of jabs and hooks to the head
of the 20-year-old Japanese
fighter, sending him to the can-
vas after just one minute with
a left hook.
Sensing his opponent
was struggling, Mayweather
stepped in for the kill, unleash-
ing a flurry of punches that left
Nasukawa reeling again within
just two minutes of the bout
and facing his second standing
count after a huge right hook
to the head.
With the Japanese fighter
clearly battling to stay on his
feet, the trainer rushed in and
stopped the fight with less than
one minute of the first round
remaining.
The rules were very strict-
ly defined: three, three-min-
ute bouts and boxing only
— kickboxer Nasukawa was
reportedly facing a US$5 mil-
lion fine if he aimed a kick at
Mayweather.
There were no judges, with
only a knockout or technical
knockout considered a vic-
tory in the bout, promoted
as a pure exhibition match.
— AFP
match with a 6-0, 6-4 win over Swe-
den’s Johanna Larsson, while fifth
seed Barbora Strycova was forced
into a three-set battle to survive
Taylor Townsend.
Strycova raced to a 5-1 lead over
Townsend before the American lift-
ed her game to force the match to
a deciding set in which the Czech
prevailed, to win 6-2, 6-7 (5/7),
6-3. — AFP
WED N ES DAY JA N UA RY 2, 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 5
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE COUNTER CLOSING
(RM)
+/–
(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.876 0.495 0.550 0.530 8966 PRLEXUS 0.550 -0.010 14 0.546 13.99 2.73 99.2
Sectorial Movement 0.315 0.220 0.240
1.049 0.700 0.745
0.235
0.745
0186
7134
PTRANS
PWF
0.235
0.745
UNCH
-0.005
2098.1
36.2
0.235 8.58
0.745 10.86
4.04
4.03
334.4
129.6
1.653 0.920 1.380 1.290 7237 PWROOT 1.380 0.010 37.4 1.362 42.20 4.28 555.1
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 7.630 4.244 6.860 6.720 7084 QL 6.810 0.110 2990 6.808 52.95 0.66 11,048.8
FBM KLCI 1,690.58 -1.49 -0.09 CONSTRUCTION 155.79 -0.44 -0.28 0.600 0.340 — — 9946 REX 0.400 — — — — — 98.7
0.267 0.180 0.190 0.185 0037 RGB 0.190 0.005 2363.4 0.189 8.84 3.21 292.4
FBM ACE 4,317.49 57.29 1.34 CONSUMER PRODUCTS & SERVICES 656.96 3.21 0.49 0.994 0.750 0.835 0.800 5278 RHONEMA 0.835 0.015 148.1 0.822 12.21 5.99 138.6
FBM TOP 100 11,443.61 -10.97 -0.10 ENERGY 820.36 6.26 0.77 1.362 0.350 0.420 0.410 0183 SALUTE 0.410 -0.005 418.2 0.417 21.93 5.85 159.1
FBM EMAS 11,527.51 -9.79 -0.08 FINANCIAL SERVICES 17,296.47 -45.22 -0.26 0.380 0.115 0.345 0.340 9113 SANBUMI 0.340 0.005 1480 0.341 — — 77.0
0.705 0.200 0.225 0.220 5252 SASBADI 0.220 -0.005 93.8 0.221 45.83 3.05 92.2
FBM MID 70 13,075.19 -16.33 -0.12 HEALTH CARE 1,304.66 -5.87 -0.45 0.520 0.280 — — 5157 SAUDEE 0.320 — — — — — 42.4
FBM MIDS CAP 11,724.08 14.35 0.12 INDUSTRIAL PRODUCTS & SERVICES 166.49 -0.32 -0.19 0.675 0.577 0.645 0.645 9792 SEG 0.645 UNCH 20 0.645 17.97 4.26 815.6
FBM SMALL CAP 11,298.74 17.96 0.16 PLANTATION 6,902.96 5.22 0.08 1.570 1.250 1.500 1.440 5250 SEM 1.500 0.060 617.7 1.476 30.99 1.80 1,850.1
0.707 0.480 0.530 0.525 7180 SERNKOU 0.530 UNCH 44 0.525 14.13 — 127.2
FBM FLEDGLING 14,201.74 129.22 0.92 PROPERTY 876.06 -10.14 -1.14 6.336 4.581 5.630 5.620 5517 SHANG 5.620 -0.020 100 5.629 30.56 2.67 2,472.8
FTSE4GOOD BURSA M’SIA 938.96 -1.60 -0.17 REAL ESTATE INVESTMENT TRUSTS 924.87 -8.42 -0.90 1.290 0.500 — — 7412 SHH 0.500 — — — — 10.00 25.0
FBM PALM OIL PLANTATION MYR 11,575.36 65.01 0.56 TECHNOLOGY 29.34 0.14 0.48 0.745 0.335 0.350 0.335 7246 SIGN 0.335 -0.010 345.9 0.337 12.55 4.48 80.5
2.969 2.040 2.470 2.370 4197 SIME 2.400 0.040 5736.1 2.441 28.40 2.50 16,322.0
FBM EMAS SHARIAH 11,504.43 -4.99 -0.04 TELECOMMUNICATION & MEDIA 600.34 -3.87 -0.64 0.750 0.200 0.300 0.280 8532 SINOTOP 0.290 0.005 5.2 0.290 29.00 — 114.5
FBM HIJRAH SHARIAH 13,110.33 -12.97 -0.10 TRANSPORTATION & LOGISTICS 726.17 0.94 0.13 0.418 0.105 0.115 0.110 9776 SMCAP 0.115 -0.010 457.3 0.115 0.71 — 24.6
0.320 0.225 — — 7943 SNC 0.270 — — — — — 17.8
FBM MIDS CAP SHARIAH 11,208.19 23.86 0.21 UTILITIES 924.02 5.70 0.62
0.370 0.290 0.300 0.290 5242 SOLID 0.300 0.010 218.5 0.299 53.57 0.67 117.6
2.460 2.090 2.110 2.100 7103 SPRITZER 2.100 UNCH 3 2.103 15.28 2.62 441.0
2.588 1.920 — — 9865 SUIWAH 2.000 — — — 10.42 0.50 122.0
Bursa Malaysia Main Market 1.051 0.590 0.660
0.411 0.210 0.230
0.430 0.280 —
0.650
0.225
—
7186
7082
7211
SWSCAP
SYF
TAFI
0.660
0.225
0.310
-0.030
-0.005
—
12.4
193
—
0.659
0.228
—
—
—
—
—
5.56
—
120.3
139.3
24.8
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.877 1.268 1.390 1.350 4405 TCHONG 1.350 -0.040 124.6 1.359 20.83 2.22 907.2
1.430 0.695 0.720 0.695 7439 TECGUAN 0.700 -0.020 25.5 0.701 — — 28.1
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 0.459 0.220 0.240 0.240 7200 TEKSENG 0.240 -0.005 101.4 0.240 — 8.33 83.6
CONSUMER PRODUCTS & SERVICES 1.073 0.735 0.990 0.960 7252 TEOSENG 0.965 -0.005 796.6 0.975 11.18 — 289.5
1.132 0.700 0.780 0.700 0012 3A 0.705 -0.080 610.1 0.718 10.51 2.84 346.9 1.142 0.837 1.000 1.000 9369 TGL 1.000 0.060 1 1.000 6.80 5.00 40.7
0.450 0.205 0.240 0.235 5238 AAX 0.235 UNCH 1296.6 0.237 — — 974.8 0.768 0.475 — — 7230 TOMEI 0.510 — — — 15.00 1.96 70.7
0.490 0.300 0.415 0.400 7120 ACOSTEC 0.410 0.010 2041.2 0.403 — — 79.8 0.420 0.320 0.340 0.330 7176 TPC 0.335 0.005 5.3 0.335 — — 78.3
2.606 1.426 1.520 1.470 6599 AEON 1.470 -0.010 682.3 1.490 20.76 2.72 2,063.9 6.926 4.200 5.600 5.340 4588 UMW 5.470 0.150 1843.3 5.505 12.39 0.91 6,390.6
0.295 0.115 0.130 0.130 7315 AHB 0.130 UNCH 8.1 0.130 — — 22.9 2.478 2.080 2.260 2.200 7757 UPA 2.260 0.070 3 2.244 17.88 3.54 179.9
8.870 4.799 7.800 7.800 7090 AHEALTH 7.800 UNCH 1 7.800 16.75 1.67 916.9 1.130 0.750 0.880 0.810 7240 VERTICE 0.880 0.040 534.3 0.850 — — 164.5
3.974 1.997 2.990 2.920 5099 AIRASIA 2.970 UNCH 6562 2.959 3.55 8.08 9,925.7 2.404 0.995 1.080 1.000 7203 WANGZNG 1.000 -0.070 48.3 1.003 15.63 4.00 160.0
24.942 17.740 19.400 19.200 2658 AJI 19.400 -0.200 16.1 19.30 20.14 2.40 1,179.5 2.339 1.961 2.060 2.060 5016 WARISAN 2.060 UNCH 0.3 2.060 20.70 1.94 138.4
0.370 0.140 0.275 0.270 7051 AMTEK 0.270 0.040 1.5 0.272 — — 13.5 0.210 0.105 0.120 0.115 5156 XDL 0.120 UNCH 11040 0.120 15.38 — 216.6
8.344 6.000 6.180 6.000 6351 AMWAY 6.000 -0.100 13.2 6.017 21.42 3.33 986.3 0.625 0.430 0.455 0.450 7121 XIANLNG 0.455 UNCH 18 0.452 108.33 — 36.4
0.035 0.005 0.020 0.020 5194 APFT 0.020 UNCH 974 0.020 — — 26.8 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7
4.377 3.550 3.790 3.630 6432 APOLLO 3.630 -0.120 1.7 3.772 25.26 5.51 290.4 2.307 1.800 1.840 1.830 5584 YEELEE 1.830 0.010 10.7 1.833 8.62 2.46 350.6
0.240 0.110 0.115 0.110 1481 ASB 0.110 UNCH 139.1 0.110 — 2.27 102.2 1.284 0.950 0.995 0.990 5159 YOCB 0.990 0.005 19.5 0.990 5.95 4.04 158.4
0.776 0.355 0.380 0.375 7722 ASIABRN 0.380 0.005 7.1 0.380 — — 88.4 3.390 2.267 — — 7178 YSPSAH 2.750 — — — 13.20 2.55 380.3
2.848 2.380 2.570 2.560 7129 ASIAFLE 2.560 UNCH 15.5 2.567 9.27 5.86 498.6 2.023 1.200 1.270 1.260 5131 ZHULIAN 1.270 0.010 30.8 1.263 12.16 5.91 584.2
4.596 3.973 — — 7048 ATLAN 4.400 — — — 23.07 7.05 1,116.1 INDUSTRIAL PRODUCTS & SERVICES
0.425 0.200 0.240 0.225 8885 AVI 0.240 0.005 20 0.233 — — 206.1 0.150 0.070 0.075 0.070 7086 ABLEGRP 0.075 0.005 343.3 0.071 — — 19.8
38.680 21.708 36.440 35.980 4162 BAT 36.080 0.080 138.7 36.05 23.77 4.19 10,301.9 0.700 0.350 0.435 0.400 7191 ADVENTA 0.435 0.035 9 0.405 34.80 — 66.5
2.336 1.766 2.170 2.120 5248 BAUTO 2.150 0.040 1186.5 2.155 11.24 5.05 2,500.4 2.111 1.744 1.940 1.940 9148 ADVPKG 1.940 -0.010 3 1.940 29.22 4.64 39.8
0.070 0.030 0.035 0.035 7243 BIOOSMO 0.035 -0.005 100 0.035 — — 27.8 0.185 0.110 0.110 0.110 7146 AEM 0.110 -0.005 10 0.110 — — 32.9
1.864 1.291 1.410 1.370 5196 BJFOOD 1.400 0.020 420 1.395 155.56 2.86 534.6 0.740 0.370 0.500 0.475 5198 AFUJIYA 0.500 0.085 4.1 0.476 15.92 — 90.0
0.380 0.180 0.225 0.220 4219 BJLAND 0.225 0.015 4504.2 0.223 — — 1,125.1 0.415 0.200 0.220 0.200 2682 AISB 0.210 -0.010 139.6 0.208 25.30 — 30.3
2.533 1.954 2.150 2.110 1562 BJTOTO 2.110 UNCH 805.4 2.127 11.80 7.58 2,850.7 0.673 0.491 0.540 0.525 7609 AJIYA 0.525 UNCH 147.4 0.525 6.41 1.90 159.9
0.437 0.205 0.240 0.220 9288 BONIA 0.220 UNCH 287.7 0.223 12.64 5.68 177.4 1.080 0.420 0.440 0.440 2674 ALCOM 0.440 -0.010 25 0.440 19.30 — 59.1
0.505 0.160 0.280 0.165 9474 BRAHIMS 0.280 0.095 1248.5 0.226 — — 66.2 1.414 1.006 — — 7083 ANALABS 1.100 — — — 13.87 0.45 132.1
1.020 0.495 0.530 0.510 7174 CAB 0.520 UNCH 733.4 0.516 10.99 0.96 336.1 0.682 0.366 0.485 0.460 4758 ANCOM 0.485 0.025 311.7 0.478 4.89 — 116.8
1.279 0.556 1.080 1.050 7154 CAELY 1.080 0.010 76.3 1.064 46.75 0.93 87.5 3.658 1.150 1.250 1.230 6556 ANNJOO 1.250 0.020 182 1.247 3.79 15.20 699.9
0.415 0.220 0.260 0.245 7128 CAMRES 0.260 0.015 232 0.253 18.84 — 51.2 0.105 0.035 0.045 0.040 9342 ANZO 0.045 UNCH 396.2 0.040 — — 39.6
2.129 1.403 1.700 1.590 5245 CARING 1.700 0.050 50.2 1.700 19.08 2.94 370.1 0.927 0.800 — — 5568 APB 0.810 — — — — 3.70 91.4
20.612 14.243 19.740 19.680 2836 CARLSBG 19.680 -0.040 14.8 19.69 23.17 4.30 6,017.1 3.757 2.680 2.750 2.680 5015 APM 2.680 -0.020 146.9 2.725 15.32 5.04 540.3
2.300 1.440 1.540 1.440 2925 CCB 1.530 0.040 156.9 1.527 188.89 — 154.1 0.919 0.660 — — 7214 ARANK 0.720 — — — 6.47 4.51 87.1
1.010 0.365 0.410 0.385 7035 CCK 0.395 0.015 5112.3 0.397 7.66 3.80 249.1 1.159 0.605 0.630 0.620 7162 ASTINO 0.630 -0.005 628.6 0.625 5.97 1.59 172.7
1.463 0.925 0.990 0.950 7148 CCMDBIO 0.950 -0.020 233.6 0.965 13.69 4.28 628.8 2.000 1.340 1.650 1.650 8176 ATAIMS 1.650 -0.010 5 1.650 19.55 — 1,892.6
0.540 0.300 — — 7209 CHEETAH 0.320 — — — 88.89 1.25 40.8 1.064 0.545 — — 7099 ATTA 0.620 — — — 2.39 12.90 132.3
2.163 1.500 — — 2828 CIHLDG 1.640 — — — 10.41 6.10 265.7 0.470 0.074 0.300 0.290 7181 ATURMJU 0.290 UNCH 155 0.298 — — 19.5
0.145 0.060 0.060 0.060 5104 CNI 0.060 UNCH 74.7 0.060 200.00 — 43.2 0.954 0.596 0.720 0.680 7579 AWC 0.690 0.010 306.1 0.689 8.21 0.72 198.3
0.145 0.035 — — 5188 CNOUHUA 0.035 — — — — — 23.4 0.438 0.313 0.350 0.325 5021 AYS 0.335 -0.005 79 0.332 5.21 7.46 127.4
2.541 1.830 1.950 1.940 7205 COCOLND 1.940 -0.010 1.9 1.941 14.15 3.09 443.9 2.146 1.182 1.310 1.310 8133 BHIC 1.310 UNCH 1 1.310 — 2.67 325.5
0.085 0.005 0.025 0.025 03016 CRG 0.025 0.005 1627.7 0.025 5.32 — 20.1 0.470 0.260 0.325 0.325 7005 BIG 0.325 0.050 0.1 0.325 — — 15.6
1.610 1.070 1.090 1.090 7202 CSCENIC 1.090 UNCH 4 1.090 17.30 6.42 131.3 0.195 0.115 0.130 0.130 6998 BINTAI 0.130 -0.005 12 0.130 10.00 — 37.6
0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.395 0.260 0.290 0.280 3395 BJCORP 0.285 0.005 15133 0.286 — — 1,403.2
0.540 0.420 — — 9423 CWG 0.480 — — — 9.64 3.13 60.6 0.822 0.500 0.520 0.520 0168 BOILERM 0.520 UNCH 17.5 0.520 12.44 3.37 268.3
0.040 0.025 0.030 0.025 7179 DBE 0.030 UNCH 1416.2 0.030 — — 80.3 0.100 0.040 0.045 0.040 7036 BORNOIL 0.045 0.005 5761.7 0.044 — — 240.3
1.090 0.897 — — 7119 DEGEM 1.050 — — — 13.04 0.95 140.7 1.340 0.865 — — 6297 BOXPAK 1.000 — — — — — 120.0
4.309 2.140 2.360 2.280 5908 DKSH 2.300 -0.050 59.3 2.305 7.29 4.35 362.6 1.149 0.818 1.040 0.990 5100 BPPLAS 0.990 -0.010 49.2 0.999 10.31 4.04 185.8
74.652 55.645 62.000 61.980 3026 DLADY 62.000 -0.200 9.3 62.00 33.02 1.61 3,968.0 0.285 0.140 — — 9938 BRIGHT 0.140 — — — — — 28.7
2.711 1.600 1.730 1.690 1619 DRBHCOM 1.700 0.020 1639.9 1.709 — 1.76 3,286.5 0.780 0.280 — — 7221 BSLCORP 0.360 — — — — — 35.3
0.275 0.095 — — 2097 EASTLND 0.095 — — — — — 23.3 2.800 1.340 1.470 1.410 2771 BSTEAD 1.410 -0.010 236.4 1.422 39.72 5.32 2,858.1
0.735 0.509 — — 5081 EIG 0.600 — — — 25.10 5.00 142.3 0.300 0.070 0.095 0.090 7188 BTM 0.090 -0.005 227 0.092 — — 12.7
0.100 0.050 0.070 0.060 7182 EKA 0.065 -0.005 130 0.066 — — 20.3 2.940 1.830 1.990 1.980 5105 CANONE 1.980 UNCH 45.1 1.980 7.43 2.02 380.5
0.265 0.150 — — 9091 EMICO 0.165 — — — — — 15.8 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
1.415 0.935 0.935 0.935 7149 ENGKAH 0.935 UNCH 128.8 0.935 8.51 3.21 66.2 1.858 0.960 1.020 1.000 7076 CBIP 1.000 -0.010 367.9 1.013 11.39 5.00 538.2
0.365 0.125 0.140 0.130 7208 EURO 0.130 UNCH 175 0.132 — — 34.7 2.355 1.515 1.820 1.750 2879 CCM 1.790 0.030 388.8 1.785 30.34 3.91 300.2
0.750 0.550 — — 7094 EUROSP 0.550 — — — — — 24.4 1.600 1.160 — — 8435 CEPCO 1.160 — — — — — 51.9
40.000 25.960 33.520 32.820 3689 F&N 33.500 0.100 140.8 33.47 31.87 1.72 12,287.1 1.360 0.900 1.170 1.170 8044 CFM 1.170 -0.160 1 1.170 — — 48.0
0.950 0.740 0.740 0.740 2755 FCW 0.740 UNCH 15 0.740 189.74 — 185.0 0.495 0.335 0.395 0.350 7187 CHGP 0.395 0.060 78 0.356 19.95 — 117.4
0.570 0.430 — — 6939 FIAMMA 0.465 — — — 7.22 3.76 246.5 1.218 0.630 0.725 0.670 5273 CHINHIN 0.725 UNCH 232.2 0.713 17.26 4.83 403.4
0.570 0.285 0.320 0.290 8605 FIHB 0.320 0.020 73 0.291 6.91 2.44 34.9 2.000 1.446 1.620 1.590 5007 CHINWEL 1.620 0.030 12.7 1.598 8.01 4.94 485.2
1.931 1.150 1.690 1.670 9172 FPI 1.680 0.010 609.3 1.678 10.64 4.76 415.6 2.183 1.410 1.500 1.480 5797 CHOOBEE 1.480 UNCH 31.2 1.490 4.43 3.38 194.9
0.950 0.600 0.815 0.815 7184 G3 0.815 0.015 0.1 0.815 — — 336.2 0.493 0.295 — — 7016 CHUAN 0.320 — — — — 3.44 54.0
3.070 1.308 2.770 2.680 5102 GCB 2.750 0.030 210.5 2.727 8.27 1.09 1,320.4 0.880 0.460 — — 8052 CICB 0.460 — — — 26.14 2.11 41.4
0.580 0.400 0.480 0.480 5592 GCE 0.480 0.005 12 0.480 — 4.17 94.6 0.060 0.035 0.040 0.040 7018 CME 0.040 0.005 1 0.040 — — 23.4
5.605 2.760 3.080 3.020 4715 GENM 3.020 UNCH 9669.3 3.050 — 3.64 17,932.9 4.334 1.740 2.760 2.690 2852 CMSB 2.690 -0.040 915.8 2.733 10.59 2.97 2,890.1
9.569 5.910 6.140 6.080 3182 GENTING 6.100 0.040 3105.2 6.105 25.63 2.38 23,649.1 0.900 0.410 0.530 0.450 7986 CNASIA 0.530 0.110 7.5 0.452 14.97 — 24.1
0.260 0.100 — — 5079 GETS 0.145 — — — — — 18.3 1.450 0.760 0.800 0.790 5071 COASTAL 0.790 UNCH 101.5 0.796 — 2.53 420.0
0.230 0.105 — — 0136 GREENYB 0.115 — — — 41.07 2.61 38.4 0.337 0.090 0.100 0.100 7195 COMCORP 0.100 -0.010 25 0.100 — — 14.0
5.237 2.480 2.690 2.640 7668 HAIO 2.660 0.030 82.3 2.666 13.43 7.52 798.8 1.209 0.684 0.875 0.865 2127 COMFORT 0.865 -0.005 84.1 0.870 20.79 1.16 486.1
3.897 3.400 3.500 3.500 5008 HARISON 3.500 UNCH 10 3.500 9.71 5.71 239.7 0.045 0.020 0.025 0.020 5037 COMPUGT 0.025 UNCH 6460.3 0.025 — — 58.7
0.370 0.050 0.060 0.055 5187 HBGLOB 0.055 -0.005 60 0.058 1.88 — 25.7 1.550 0.975 1.060 1.020 5094 CSCSTEL 1.020 -0.010 28 1.043 9.71 9.80 387.6
23.548 17.420 20.480 20.400 3255 HEIM 20.460 0.020 100.8 20.45 22.38 4.40 6,180.9 0.667 0.470 — — 7157 CYL 0.510 — — — — 7.84 51.0
12.115 8.450 8.580 8.500 3301 HLIND 8.500 UNCH 615.5 8.521 8.20 4.35 2,787.2 0.410 0.295 — — 5082 CYMAO 0.350 — — — — — 26.3
0.873 0.592 0.670 0.670 5160 HOMERIZ 0.670 0.010 8.3 0.670 9.53 3.73 201.0 1.780 1.333 1.600 1.550 5184 CYPARK 1.580 UNCH 64 1.575 9.04 2.36 723.7
0.385 0.300 0.380 0.375 7213 HOVID 0.380 UNCH 609.9 0.380 33.33 — 313.9 2.373 1.580 1.620 1.580 8125 DAIBOCI 1.620 -0.010 26.3 1.596 21.46 2.56 531.2
1.154 0.940 0.955 0.945 5024 HUPSENG 0.950 0.005 389.6 0.951 17.03 6.32 760.0 0.585 0.320 0.455 0.440 5276 DANCO 0.450 0.015 1091.5 0.448 10.23 3.33 134.1
0.455 0.280 — — 8478 HWATAI 0.300 — — — — — 22.4 0.670 0.120 0.245 0.205 7212 DESTINI 0.205 -0.020 31098 0.226 45.56 — 236.8
2.070 1.089 — — 5107 IQGROUP 1.240 — — — — 8.06 109.2 0.755 0.270 0.340 0.340 7114 DNONCE 0.340 -0.005 8 0.340 24.29 — 82.3
0.080 0.030 0.040 0.035 7223 JADI 0.035 0.005 7241.9 0.035 — — 33.0 0.295 0.100 — — 5835 DOLMITE 0.100 — — — — — 28.5
1.371 0.709 0.875 0.825 7152 JAYCORP 0.825 UNCH 4.8 0.833 10.36 6.06 113.2 0.190 0.085 — — 5265 DOLPHIN 0.090 — — — — — 22.0
0.523 0.335 0.350 0.350 8931 JERASIA 0.350 UNCH 2 0.350 3.73 2.86 28.7 1.369 1.156 1.280 1.260 7169 DOMINAN 1.280 UNCH 9.3 1.270 6.61 5.47 211.5
1.364 0.823 0.985 0.950 7167 JOHOTIN 0.960 -0.005 230.6 0.968 12.40 4.17 298.1 2.713 0.598 2.110 2.050 7233 DUFU 2.060 -0.010 2559.6 2.067 11.68 2.27 542.2
0.400 0.280 — — 8672 KAMDAR 0.290 — — — — — 57.4 2.816 1.818 2.760 2.620 1368 EDGENTA 2.720 0.070 256.9 2.725 16.95 4.04 2,262.0
1.318 0.430 0.495 0.470 5247 KAREX 0.470 -0.010 665.8 0.483 58.75 1.06 471.1 0.355 0.170 — — 0064 EFFICEN 0.195 — — — — — 138.3
3.044 1.810 1.910 1.910 7216 KAWAN 1.910 UNCH 14.4 1.910 29.80 2.05 686.7 0.710 0.430 0.500 0.480 8907 EG 0.490 0.010 3894.1 0.492 7.89 — 132.2
0.185 0.080 — — 8303 KFM 0.110 — — — — — 7.5 1.687 1.095 — — 5208 EITA 1.370 — — — 8.87 3.65 178.1
0.725 0.540 0.590 0.570 6203 KHEESAN 0.590 0.015 169.7 0.580 15.28 2.54 61.4 0.990 0.634 0.760 0.730 9016 EKSONS 0.760 0.050 21 0.749 — 6.58 124.8
2.020 1.400 — — 7062 KHIND 1.690 — — — 29.14 0.59 67.7 0.815 0.370 0.420 0.400 7217 EMETALL 0.420 0.020 71 0.401 10.07 5.95 79.1
1.868 1.573 — — 0002 KOTRA 1.700 — — — 11.83 2.94 244.3 1.230 0.805 0.850 0.810 5056 ENGTEX 0.825 -0.005 93.5 0.831 11.65 1.82 365.7
0.790 0.350 — — 7130 KPOWER 0.350 — — — — — 26.7 0.510 0.380 0.460 0.420 7773 EPMB 0.460 0.045 32.7 0.446 — — 76.3
0.145 0.080 0.085 0.085 5172 KSTAR 0.085 0.005 51.2 0.085 — — 32.4 0.686 0.335 0.360 0.350 5101 EVERGRN 0.350 -0.005 556.6 0.356 7.97 3.94 296.2
0.160 0.050 0.055 0.055 4847 KTB 0.055 0.005 2 0.055 — — 22.2 1.690 1.050 1.130 1.130 2984 FACBIND 1.130 0.020 3 1.130 56.22 3.54 96.2
0.925 0.450 0.460 0.455 1643 LANDMRK 0.455 UNCH 80.6 0.456 — — 240.6 2.685 2.200 2.320 2.300 7229 FAVCO 2.300 UNCH 58.4 2.300 9.51 5.87 509.2
4.332 2.953 3.880 3.870 7006 LATITUD 3.880 -0.010 6.5 3.877 38.42 1.55 377.2 0.629 0.403 — — 0149 FIBON 0.515 — — — 21.46 1.46 50.5
1.000 0.325 0.415 0.400 9385 LAYHONG 0.405 UNCH 3943.7 0.408 21.09 1.23 267.4 1.998 1.703 1.780 1.760 3107 FIMACOR 1.780 0.020 9.5 1.763 8.47 7.02 436.6
1.090 0.341 0.860 0.845 8079 LEESK 0.850 -0.005 29 0.858 13.73 1.76 142.6 0.465 0.365 0.400 0.395 9318 FITTERS 0.400 UNCH 500 0.397 19.51 — 192.2
3.432 2.135 2.690 2.600 7089 LIIHEN 2.600 -0.080 125.3 2.645 9.43 4.81 468.0 1.700 0.914 1.520 1.500 5197 FLBHD 1.510 -0.010 114 1.519 7.03 — 159.3
0.690 0.460 0.635 0.625 7126 LONBISC 0.635 0.010 6895.4 0.633 8.69 — 130.3 0.498 0.177 0.230 0.215 5277 FPGROUP 0.220 UNCH 920.7 0.220 14.97 4.55 114.1
1.200 0.780 0.995 0.955 7085 LTKM 0.985 0.030 42.1 0.980 15.91 2.03 128.2 1.720 0.605 — — 7197 GESHEN 0.670 — — — 10.74 — 53.6
5.447 3.833 4.100 4.000 7087 MAGNI 4.000 -0.040 44.6 4.047 6.74 3.50 650.9 1.300 0.420 0.525 0.520 5220 GLOTEC 0.525 -0.005 103.2 0.522 — — 141.3
2.257 1.597 1.960 1.920 3859 MAGNUM 1.950 0.030 638.8 1.949 32.61 5.64 2,803.6 0.330 0.170 0.205 0.190 7192 GOODWAY 0.205 0.015 1038 0.199 8.69 — 22.7
0.145 0.115 0.120 0.120 3514 MARCO 0.120 UNCH 80 0.120 9.76 4.17 126.5 0.110 0.080 0.080 0.080 7096 GPA 0.080 UNCH 60 0.080 400.00 — 78.4
0.050 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.325 0.170 0.180 0.180 5649 GPHAROS 0.180 -0.005 22.4 0.180 4.66 — 24.4
1.070 0.800 0.815 0.815 5886 MBG 0.815 UNCH 5 0.815 66.80 3.68 49.6 0.745 0.420 0.450 0.450 3247 GUH 0.450 0.005 4 0.450 — — 125.1
2.644 1.860 2.250 2.180 5983 MBMR 2.200 0.020 221.3 2.227 — 2.05 860.0 1.180 0.670 0.800 0.750 5151 HALEX 0.750 -0.010 89.5 0.783 — — 79.5
0.565 0.185 0.225 0.225 7234 MESB 0.225 UNCH 4 0.225 — — 18.4 9.995 8.394 9.920 9.810 3034 HAPSENG 9.850 UNCH 2471.6 9.856 21.63 3.55 24,523.4
0.230 0.185 — — 03015 MFGROUP 0.230 — — — 15.44 — 73.6 7.383 5.629 6.200 6.110 5168 HARTA 6.140 -0.080 2747 6.139 42.91 1.37 20,449.4
1.822 0.452 0.490 0.475 3662 MFLOUR 0.480 -0.010 1295.5 0.483 53.33 10.96 369.8 19.158 4.520 4.710 4.660 4324 HENGYUAN 4.660 0.010 122.5 4.688 5.95 0.43 1,398.0
0.860 0.600 — — 7935 MILUX 0.635 — — — — — 34.6 1.103 0.525 0.610 0.605 5095 HEVEA 0.610 UNCH 180.3 0.610 13.12 9.84 342.0
0.270 0.045 0.055 0.050 5166 MINDA 0.055 UNCH 155 0.050 — — 68.2 0.806 0.609 0.675 0.670 3298 HEXZA 0.675 0.015 15 0.672 17.72 7.41 135.3
4.300 2.460 2.600 2.600 5202 MSM 2.600 0.020 0.1 2.600 30.92 — 1,827.7 0.530 0.220 0.250 0.230 5072 HIAPTEK 0.230 -0.005 4451.1 0.240 13.61 2.17 309.2
0.040 0.010 — — 5150 MSPORTS 0.015 — — — — — 9.1 1.360 0.705 0.855 0.830 5199 HIBISCS 0.840 0.015 23396.4 0.842 4.54 — 1,334.1
0.250 0.145 0.175 0.165 3891 MUIIND 0.165 UNCH 2300.6 0.169 — — 483.9 1.680 1.097 — — 7033 HIGHTEC 1.200 — — — 6.67 2.92 48.7
2.297 1.630 1.750 1.630 3905 MULPHA 1.750 0.080 35.3 1.712 1.99 — 559.3 0.878 0.495 0.540 0.540 8443 HIL 0.540 UNCH 621.2 0.540 12.98 3.24 180.4
1.788 1.252 1.500 1.450 5275 MYNEWS 1.500 0.050 54.1 1.458 38.66 0.67 1,023.2 0.620 0.335 0.475 0.420 5165 HOKHENG 0.475 0.055 15 0.442 113.10 — 38.0
159.79 97.60 148.50 146.10 4707 NESTLE 147.400 UNCH 73.7 147.90 51.70 — 34,565.3 1.910 0.445 0.870 0.845 0185 HSSEB 0.860 0.025 125.9 0.858 15.28 0.90 426.4
3.254 2.550 2.700 2.700 7060 NHFATT 2.700 UNCH 2 2.700 13.38 3.80 223.2 0.665 0.130 0.160 0.150 2739 HUAAN 0.150 UNCH 3028.3 0.155 4.16 — 168.3
0.075 0.035 0.040 0.040 7139 NICE 0.040 0.005 0.1 0.040 8.16 — 79.9 2.180 0.490 0.510 0.510 5000 HUMEIND 0.510 0.010 8 0.510 — 3.92 244.3
0.320 0.150 0.250 0.240 7215 NIHSIN 0.250 0.005 358.9 0.245 15.06 — 80.4 0.130 0.090 0.105 0.100 9601 HWGB 0.105 0.005 166.2 0.100 — — 34.1
0.642 0.472 0.505 0.505 5066 NTPM 0.505 0.005 100 0.505 26.44 4.75 567.2 2.308 1.690 2.290 2.250 7222 IMASPRO 2.270 0.050 1837.7 2.265 28.84 1.54 181.6
0.700 0.350 — — 5533 OCB 0.480 — — — — — 49.4 0.905 0.430 — — 5673 IPMUDA 0.500 — — — — — 36.2
0.726 0.422 — — 0049 OCNCASH 0.555 — — — 14.84 1.80 123.8 0.290 0.100 0.130 0.125 7183 IRETEX 0.125 UNCH 70 0.126 — — 18.2
1.352 0.635 0.690 0.665 7107 OFI 0.690 UNCH 8.1 0.690 17.60 3.62 165.6 0.150 0.110 — — 8648 JASKITA 0.115 — — — — — 51.7
0.150 0.090 0.095 0.090 3018 OLYMPIA 0.095 UNCH 201.7 0.095 5.69 — 97.2 1.746 1.340 1.600 1.470 0058 JCBNEXT 1.480 0.050 40.4 1.565 22.26 3.04 203.9
6.318 5.742 6.230 6.170 4006 ORIENT 6.170 -0.010 68.2 6.186 7.56 3.24 3,827.8 0.290 0.165 0.200 0.195 9083 JETSON 0.200 0.005 80 0.195 — — 41.9
1.398 0.460 0.540 0.515 5260 OWG 0.515 -0.015 421.7 0.527 19.07 — 142.7 1.080 0.950 0.970 0.970 7043 JMR 0.970 -0.070 1 0.970 — — 123.0
6.119 3.150 3.540 3.470 7052 PADINI 3.510 0.020 303.6 3.501 14.00 2.85 2,309.3 0.250 0.125 0.135 0.135 0054 KARYON 0.135 -0.005 259.5 0.135 6.78 2.22 64.2
39.301 30.953 37.880 37.680 3719 PANAMY 37.680 0.100 0.4 37.83 18.08 3.93 2,288.9 0.598 0.441 — — 7199 KEINHIN 0.530 — — — 32.92 1.89 57.7
0.466 0.310 — — 5022 PAOS 0.365 — — — 81.11 2.19 66.1 1.667 1.364 1.520 1.520 6491 KFIMA 1.520 UNCH 5 1.520 7.30 5.92 429.0
0.450 0.240 — — 9407 PARAGON 0.240 — — — — — 16.8 1.268 0.584 1.140 1.060 0151 KGB 1.120 0.050 5484.9 1.119 15.41 0.89 299.5
0.650 0.235 0.255 0.240 5657 PARKSON 0.245 UNCH 303.5 0.248 — — 268.0 0.460 0.200 — — 6211 KIALIM 0.220 — — — — — 13.6
0.375 0.185 0.195 0.190 6068 PCCS 0.190 UNCH 54.2 0.194 4.42 5.26 39.9 2.958 2.000 2.670 2.640 3522 KIANJOO 2.640 UNCH 113.8 2.652 17.77 1.52 1,172.6
0.880 0.290 0.345 0.315 5231 PELIKAN 0.345 0.020 120 0.336 35.94 — 190.9 1.606 1.090 1.270 1.200 5371 KIMHIN 1.240 -0.020 14.5 1.235 — 4.03 193.0
0.675 0.350 0.475 0.475 9997 PENSONI 0.475 0.025 13.6 0.475 — 4.21 61.6 0.015 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
0.450 0.195 0.350 0.340 7080 PERMAJU 0.340 -0.005 16783 0.346 — — 66.6 1.028 0.780 0.875 0.850 9466 KKB 0.875 UNCH 11.1 0.873 14.71 2.29 225.6
28.181 22.720 26.500 25.920 5681 PETDAG 26.500 0.340 77.8 26.36 24.35 3.47 26,326.5 0.300 0.070 0.085 0.075 7164 KNM 0.075 -0.005 32290 0.080 — — 177.7
0.185 0.140 0.140 0.140 4081 PMCORP 0.140 -0.005 0.5 0.140 51.85 — 108.3 0.950 0.440 — — 5035 KNUSFOR 0.500 — — — — — 49.8
0.210 0.085 0.090 0.085 1287 PMHLDG 0.090 UNCH 60 0.088 — — 83.6 1.700 0.810 1.320 1.200 6971 KOBAY 1.300 0.020 14.8 1.300 8.76 — 132.7
0.658 0.440 — — 5080 POHKONG 0.450 — — — 8.72 2.22 184.7 0.245 0.120 0.125 0.120 7017 KOMARK 0.125 UNCH 125.3 0.124 — — 20.6
1.720 1.093 1.510 1.490 7088 POHUAT 1.500 UNCH 78.3 1.500 6.99 4.67 349.8 4.720 3.165 4.340 4.320 7153 KOSSAN 4.340 UNCH 1652.8 4.334 29.79 1.27 5,550.6
18.900 16.860 17.700 17.300 4065 PPB 17.580 -0.120 404.6 17.55 20.34 1.50 25,009.3 0.880 0.470 0.480 0.480 9121 KPSCB 0.480 UNCH 40 0.480 5.12 — 71.0
0.528 0.350 — — 7190 PPG 0.350 — — — 71.43 5.71 35.0 4.860 3.665 4.100 4.080 3476 KSENG 4.080 -0.020 6 4.088 39.27 2.45 1,474.8
1.000 0.700 0.765 0.760 7168 PRG 0.765 0.020 10 0.761 — — 237.7 0.724 0.285 0.300 0.285 5192 KSSC 0.300 -0.020 50 0.292 7.44 6.67 28.8
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.527 0.225 0.240 0.235 6874 KUB 0.235 UNCH 557.1 0.240 6.95 6.38 130.8 7.383 5.629 6.200 6.110 5168 HARTA 6.140 -0.080 2747 6.139 42.91 1.37 20,449.4
0.560 0.250 0.305 0.270 8362 KYM 0.305 -0.040 15.4 0.293 — — 45.7 0.385 0.300 0.380 0.375 7213 HOVID 0.380 UNCH 609.9 0.380 33.33 — 313.9
6.300 1.800 1.870 1.800 3794 LAFMSIA 1.810 -0.010 216.5 1.830 — — 1,537.9 6.388 4.540 5.440 5.320 5225 IHH 5.390 -0.020 3636.5 5.391 332.72 0.56 47,266.5
0.687 0.440 0.470 0.455 9326 LBALUM 0.460 UNCH 258 0.461 18.11 2.17 114.3 4.720 3.165 4.340 4.320 7153 KOSSAN 4.340 UNCH 1652.8 4.334 29.79 1.27 5,550.6
6.192 4.180 4.650 4.580 5284 LCTITAN 4.620 UNCH 146.1 4.632 9.10 4.98 10,662.0 1.868 1.573 — — 0002 KOTRA 1.700 — — — 11.83 2.94 244.3
0.962 0.400 0.495 0.485 5232 LEONFB 0.485 -0.010 96.9 0.493 2.93 3.09 150.4 1.170 0.840 1.050 1.030 5878 KPJ 1.040 0.010 5506.9 1.044 23.80 1.92 4,575.1
0.365 0.100 0.115 0.115 8745 LEWEKO 0.115 UNCH 40 0.115 — — 37.0 4.393 2.645 2.780 2.770 7081 PHARMA 2.780 -0.020 14.4 2.778 12.07 7.19 724.2
0.240 0.085 — — 7170 LFECORP 0.100 — — — — — 18.6 4.584 1.892 3.570 3.480 7106 SUPERMX 3.480 -0.050 3195.4 3.519 19.99 2.30 2,366.9
0.785 0.410 0.500 0.485 8486 LIONFIB 0.485 0.065 5.1 0.485 11.66 — 112.3 0.870 0.695 0.750 0.730 0101 TMCLIFE 0.730 UNCH 127.9 0.731 45.91 0.25 1,267.6
1.520 0.450 0.510 0.495 4235 LIONIND 0.500 UNCH 1462.7 0.501 2.08 — 359.0 6.360 5.310 5.760 5.550 7113 TOPGLOV 5.600 -0.060 4173.8 5.618 32.73 1.52 14,339.3
0.570 0.250 0.250 0.250 9881 LSTEEL 0.250 -0.010 30 0.250 3.72 — 32.0 0.360 0.230 — — 03013 TOPVISN 0.360 — — — 43.37 — 92.0
0.115 0.075 0.080 0.075 5068 LUSTER 0.075 UNCH 175.1 0.076 17.86 — 148.2 3.390 2.267 — — 7178 YSPSAH 2.750 — — — 13.20 2.55 380.3
0.793 0.500 0.520 0.520 5143 LUXCHEM 0.520 UNCH 27.5 0.520 11.48 4.81 449.0 FINANCIAL SERVICES
4.561 2.250 — — 9199 LYSAGHT 2.500 — — — 10.51 2.80 104.0 4.319 3.678 4.050 4.020 2488 ABMB 4.020 -0.040 56.3 4.029 12.16 3.81 6,223.4
1.381 0.340 0.395 0.385 5098 MASTEEL 0.385 UNCH 940.9 0.390 3.97 2.34 164.5 16.300 11.741 15.360 15.280 5139 AEONCR 15.300 UNCH 2.1 15.33 10.34 2.76 3,836.8
0.730 0.531 — — 7029 MASTER 0.575 — — — 6.14 3.48 31.4 2.642 2.153 2.260 2.220 5185 AFFIN 2.230 -0.030 51.7 2.238 8.04 2.24 4,332.8
1.373 0.905 — — 5152 MBL 1.010 — — — 9.23 0.99 104.0 14.700 10.440 13.000 12.980 1163 ALLIANZ 13.000 0.080 10.2 12.99 6.27 0.92 2,296.9
0.830 0.435 0.480 0.480 7004 MCEHLDG 0.480 0.045 2 0.480 — — 21.3 4.725 3.278 4.380 4.340 1015 AMBANK 4.340 0.010 1791.3 4.358 11.17 3.46 13,081.6
0.280 0.090 — — 3778 MELEWAR 0.110 — — — — — 39.5 1.620 0.900 0.940 0.905 5088 APEX 0.940 0.020 57.1 0.936 22.65 — 200.7
0.715 0.450 — — 5223 MENTIGA 0.460 — — — 7.32 — 32.2 4.228 3.252 3.600 3.560 5258 BIMB 3.560 -0.040 60.7 3.578 8.90 4.35 6,029.1
1.750 1.540 — — 6149 METROD 1.540 — — — 18.08 3.90 184.8 7.971 6.720 6.860 6.790 1818 BURSA 6.840 0.090 833.3 6.836 24.26 3.85 5,523.1
0.804 0.245 0.255 0.250 5001 MIECO 0.250 -0.005 255.1 0.251 — 4.00 131.3 7.206 5.101 5.800 5.710 1023 CIMB 5.710 -0.070 4681.1 5.739 9.58 4.38 54,613.1
0.140 0.045 — — 7219 MINETEC 0.050 — — — — — 46.1 0.400 0.240 0.280 0.260 2143 ECM 0.280 0.020 7.9 0.271 59.57 — 134.4
0.424 0.244 0.280 0.275 5576 MINHO 0.275 UNCH 330.9 0.275 7.79 1.75 93.6 1.330 1.150 1.230 1.200 5228 ELKDESA 1.200 -0.030 802.1 1.209 10.94 5.83 370.8
0.956 0.667 0.710 0.700 5916 MSC 0.700 -0.005 172 0.708 50.72 1.43 280.0 20.980 16.300 20.880 20.340 5819 HLBANK 20.400 -0.120 177.9 20.51 15.42 2.35 44,221.5
0.180 0.060 0.085 0.075 0043 MTRONIC 0.085 0.005 920.2 0.078 — — 27.3 10.100 7.327 — — 5274 HLCAP 9.600 — — — 30.64 1.98 2,370.2
2.884 1.115 1.820 1.790 3883 MUDA 1.790 UNCH 516 1.802 6.19 1.96 546.0 19.952 16.979 18.980 18.560 1082 HLFG 18.560 -0.300 239.6 18.64 10.85 2.16 21,297.9
0.590 0.240 0.265 0.245 5087 MYCRON 0.260 0.015 163.9 0.245 6.28 — 88.5 0.990 0.645 0.675 0.670 3379 INSAS 0.675 0.010 286.7 0.670 5.75 2.96 468.0
0.640 0.330 0.445 0.425 7241 NGGB 0.430 -0.015 1410.6 0.434 119.44 — 197.1 0.400 0.070 0.075 0.075 3441 JOHAN 0.075 UNCH 22 0.075 — — 46.7
0.355 0.065 0.065 0.065 5025 NWP 0.065 UNCH 290 0.065 — — 25.5 0.780 0.519 0.600 0.600 6483 KENANGA 0.600 UNCH 44 0.600 11.72 5.00 433.6
0.879 0.563 0.610 0.595 4944 NYLEX 0.610 UNCH 53.4 0.603 5.63 3.28 118.5 2.819 1.351 1.720 1.680 2186 KUCHAI 1.720 0.020 36.3 1.691 4.72 0.58 212.8
1.098 0.565 0.595 0.580 7140 OKA 0.595 0.005 63 0.585 7.53 6.17 146.0 17.233 15.640 15.940 15.700 8621 LPI 15.740 0.020 29.1 15.80 20.03 4.03 6,270.5
1.738 0.890 0.930 0.890 5065 ORNA 0.890 -0.040 15 0.925 5.77 5.62 67.0 0.773 0.400 0.495 0.470 1198 MAA 0.495 0.030 87 0.493 — 12.12 135.4
0.130 0.045 0.055 0.050 7225 PA 0.055 UNCH 1084 0.052 — — 102.9 3.314 2.300 2.500 2.500 1058 MANULFE 2.500 0.180 6.4 2.500 19.46 3.20 505.9
1.219 0.364 0.805 0.800 8419 PANSAR 0.800 UNCH 1380.8 0.800 30.30 1.88 246.4 10.451 8.458 9.520 9.440 1155 MAYBANK 9.500 0.070 9536.1 9.493 13.01 6.00 104,972.0
0.684 0.410 0.450 0.435 5125 PANTECH 0.435 UNCH 57.1 0.436 6.96 4.60 325.3 1.254 0.890 0.940 0.920 1171 MBSB 0.920 UNCH 2130.2 0.928 8.55 5.43 5,878.0
10.200 7.303 9.380 9.220 5183 PCHEM 9.290 -0.030 3298.9 9.302 15.86 3.12 74,320.0 2.062 0.845 0.965 0.935 6459 MNRB 0.935 -0.010 565.3 0.944 3.20 — 717.2
1.562 0.669 0.735 0.700 5271 PECCA 0.735 0.010 189.4 0.732 12.44 6.80 138.2 1.850 1.010 1.100 1.050 5237 MPHBCAP 1.100 0.010 100.9 1.093 13.46 — 786.5
5.292 3.233 4.620 4.580 5436 PERSTIM 4.620 -0.040 12.5 4.617 11.60 6.49 458.8 1.105 0.990 1.000 1.000 6009 P&O 1.000 UNCH 5 1.000 — 5.20 286.9
2.070 0.950 1.000 0.980 5219 PESTECH 0.990 UNCH 244.7 0.993 13.32 — 756.7 26.160 20.057 24.920 24.660 1295 PBBANK 24.760 -0.120 2201.9 24.84 16.89 2.67 96,121.7
20.000 15.928 19.260 19.080 6033 PETGAS 19.200 0.200 294.6 19.184 19.20 3.59 37,991.7 1.636 1.008 1.470 1.460 9296 RCECAP 1.470 0.010 22 1.468 5.41 5.44 528.4
14.620 6.010 6.330 6.220 3042 PETRONM 6.270 -0.010 50.4 6.294 4.84 3.99 1,692.9 5.795 4.768 5.340 5.290 1066 RHBBANK 5.290 UNCH 426.8 5.314 9.66 3.31 21,213.1
1.500 1.000 1.040 1.000 3611 PGLOBE 1.020 -0.130 5 1.020 — — 190.4 0.695 0.461 0.630 0.620 4898 TA 0.630 0.005 546.3 0.625 4.84 6.51 1,078.5
0.218 0.090 0.120 0.100 7201 PICORP 0.120 0.015 200 0.116 52.17 1.25 79.0 3.950 3.050 3.930 3.800 6139 TAKAFUL 3.800 -0.120 85.2 3.843 12.02 3.95 3,132.0
1.941 1.186 1.520 1.480 7095 PIE 1.490 0.010 262.3 1.500 12.40 1.61 572.2 1.097 0.525 0.575 0.555 5230 TUNEPRO 0.560 UNCH 314.8 0.562 8.93 5.36 421.0
0.280 0.100 — — 7163 PJBUMI 0.150 — — — — — 12.3 PROPERTY
4.280 3.200 3.620 3.570 7172 PMBTECH 3.570 -0.020 96.5 3.589 56.04 0.70 577.0 0.380 0.240 — — 7131 ACME 0.290 — — — 15.43 — 69.2
5.734 3.753 4.830 4.720 8869 PMETAL 4.830 0.010 2272.5 4.806 30.28 1.35 19,081.9 0.757 0.490 — — 1007 AMPROP 0.510 — — — 2.53 7.84 310.8
0.570 0.460 0.570 0.500 6637 PNEPCB 0.570 0.070 10.1 0.524 196.55 — 75.0 0.396 0.220 — — 1007PA AMPROP-PA 0.245 — — — — 8.16 70.6
0.620 0.260 — — 8117 POLY 0.310 — — — 11.40 — 49.6 1.420 0.900 0.925 0.920 5959 AMVERTON 0.920 -0.075 10 0.923 10.03 — 335.9
0.770 0.390 0.520 0.500 8273 PPHB 0.500 UNCH 35 0.506 5.26 — 94.3 0.650 0.280 — — 7007 ARK 0.365 — — — — — 17.8
1.151 0.505 — — 9873 PRESTAR 0.520 — — — 5.05 9.62 106.5 0.175 0.110 0.115 0.115 4057 ASIAPAC 0.115 -0.005 790.1 0.115 4.53 — 119.3
0.113 0.035 0.060 0.055 7123 PWORTH 0.060 UNCH 1893.6 0.058 0.10 — 245.7 6.741 4.480 — — 2305 AYER 4.600 — — — 25.19 1.09 344.3
1.150 0.705 — — 7544 QUALITY 0.755 — — — — — 43.8 0.500 0.220 0.260 0.220 6602 BCB 0.220 -0.025 1163.7 0.224 2.99 — 90.8
0.580 0.215 0.215 0.215 7498 RALCO 0.215 UNCH 1.5 0.215 — — 9.9 0.630 0.285 0.310 0.310 6173 BDB 0.310 0.010 0.9 0.310 — — 94.2
0.520 0.210 0.305 0.265 5256 REACH 0.295 0.030 10721.2 0.289 — — 323.4 0.430 0.180 0.260 0.260 9814 BERTAM 0.260 UNCH 100 0.260 — — 53.8
0.420 0.260 — — 7232 RESINTC 0.260 — — — 22.81 — 35.7 0.539 0.245 0.305 0.295 3239 BJASSET 0.300 0.005 1476.8 0.300 — — 767.4
0.250 0.160 0.160 0.160 9954 RGTBHD 0.160 UNCH 133.5 0.160 — — 92.3 1.540 0.963 1.500 1.320 5738 CHHB 1.460 0.140 889.2 1.397 3.37 — 402.5
1.554 0.680 0.720 0.680 9741 ROHAS 0.680 -0.020 3 0.700 13.23 2.94 321.4 1.432 1.190 1.250 1.200 6718 CRESNDO 1.200 -0.010 116 1.235 12.46 5.00 336.6
0.733 0.445 0.450 0.450 7803 RUBEREX 0.450 0.005 48.7 0.450 8.08 3.89 113.5 1.619 1.108 1.370 1.370 5049 CVIEW 1.370 UNCH 6 1.370 4.89 3.65 137.0
4.424 3.590 3.600 3.600 5134 SAB 3.600 UNCH 4 3.600 14.27 1.39 493.0 2.970 1.918 2.950 2.950 5355 DAIMAN 2.950 UNCH 76.1 2.950 18.03 1.69 626.0
8.480 5.708 7.440 7.250 9822 SAM 7.360 0.110 13.6 7.380 13.36 1.90 994.8 0.58 0.225 0.230 0.225 3484 DBHD 0.225 -0.005 154.4 0.227 3.92 — 71.6
1.230 0.640 0.680 0.640 5147 SAMCHEM 0.670 0.015 163.8 0.662 8.35 5.97 182.2 0.100 0.050 0.060 0.050 7198 DPS 0.060 UNCH 397.6 0.055 — — 35.3
0.869 0.680 0.730 0.700 7811 SAPIND 0.700 UNCH 10.3 0.701 7.50 5.71 50.9 1.656 1.020 1.120 1.100 3417 E&O 1.120 0.020 601 1.119 16.72 2.63 1,485.9
0.830 0.205 0.320 0.250 5170 SCABLE 0.320 0.065 307 0.286 — — 101.5 0.325 0.280 0.310 0.295 3557 ECOFIRS 0.310 0.005 286.1 0.304 5.36 — 249.0
2.567 1.000 1.180 1.120 7247 SCGM 1.180 0.060 161.1 1.147 27.57 3.39 228.4 1.460 0.890 0.925 0.905 8206 ECOWLD 0.905 -0.005 138.8 0.915 16.07 — 2,664.7
0.810 0.300 — — 9237 SCIB 0.480 — — — — — 41.2 0.830 0.350 0.425 0.350 6076 ENCORP 0.425 -0.005 1.1 0.418 — — 124.9
2.074 0.900 1.200 1.050 0099 SCICOM 1.050 -0.140 226 1.114 14.11 8.57 373.2 2.896 1.530 — — 8613 ENRA 1.620 — — — — 2.78 220.7
9.377 6.350 8.950 8.480 4731 SCIENTX 8.850 -0.300 1422.9 8.775 14.85 2.26 4,329.7 1.120 0.550 0.585 0.550 6815 EUPE 0.550 -0.040 103.8 0.558 4.19 — 70.4
0.350 0.155 — — 7239 SCNWOLF 0.155 — — — — — 14.9 0.885 0.303 0.545 0.530 7249 EWEIN 0.530 UNCH 2123.2 0.540 4.67 0.94 159.8
0.930 0.155 0.200 0.190 7073 SEACERA 0.190 -0.005 16748 0.195 — — 80.0 1.150 0.665 0.725 0.705 5283 EWINT 0.710 0.005 791.9 0.713 48.30 — 1,704.0
0.210 0.090 0.105 0.100 5145 SEALINK 0.105 UNCH 29 0.103 — — 52.5 0.445 0.340 0.375 0.375 6041 FARLIM 0.375 0.005 6 0.375 937.50 — 63.1
0.665 0.180 — — 5163 SEB 0.200 — — — — — 16.0 0.554 0.361 0.390 0.385 5020 GLOMAC 0.390 UNCH 470 0.387 10.34 3.85 312.0
1.340 0.600 — — 7165 SGB 0.795 — — — — — 157.9 0.414 0.240 0.265 0.240 9962 GMUTUAL 0.265 UNCH 27.5 0.242 6.34 1.89 99.5
1.156 0.750 0.810 0.800 5181 SIGGAS 0.810 0.010 46 0.801 37.16 0.99 151.9 0.360 0.170 0.180 0.175 1147 GOB 0.180 UNCH 936 0.179 — — 81.8
0.870 0.450 — — 7115 SKBSHUT 0.460 — — — 40.71 — 18.4 0.255 0.085 0.145 0.145 7077 GSB 0.145 UNCH 1 0.145 80.56 — 80.1
2.251 0.945 1.050 1.050 7155 SKPRES 1.050 UNCH 173.5 1.050 11.58 4.83 1,312.7 1.141 0.722 0.770 0.770 1503 GUOCO 0.770 0.020 0.5 0.770 13.90 2.60 539.4
1.732 0.778 1.170 1.100 7248 SLP 1.160 0.010 29 1.154 17.26 3.88 367.7 1.370 1.150 1.260 1.260 7105 HCK 1.260 0.010 25.8 1.260 96.18 — 530.9
0.600 0.370 — — 7132 SMISCOR 0.520 — — — — — 23.3 0.835 0.500 0.630 0.630 7010 HOOVER 0.630 -0.020 10 0.630 — — 25.2
2.349 0.720 0.760 0.740 5665 SSTEEL 0.745 -0.005 95.2 0.747 2.03 4.70 323.1 0.745 0.300 0.345 0.345 5062 HUAYANG 0.345 UNCH 47 0.345 24.13 — 121.4
0.230 0.115 — — 7143 STONE 0.160 — — — — — 14.4 0.534 0.360 0.380 0.375 4251 IBHD 0.380 -0.010 79.5 0.379 5.75 5.61 383.7
1.260 0.400 0.475 0.470 6904 SUBUR 0.475 0.005 5.5 0.471 — — 99.3 0.870 0.150 0.595 0.595 5084 IBRACO 0.595 -0.005 12 0.595 14.41 4.62 295.4
1.236 0.520 0.535 0.520 7207 SUCCESS 0.520 -0.015 40.8 0.528 23.53 1.92 129.2 1.860 0.550 1.120 1.090 9687 IDEAL 1.090 -0.010 52.9 1.100 2.64 — 120.4
1.738 1.350 1.490 1.470 5211 SUNWAY 1.470 -0.020 5500.4 1.480 10.99 4.42 7,238.9 3.415 2.390 2.500 2.480 5606 IGBB 2.480 -0.020 6 2.497 7.78 0.81 1,710.0
2.140 0.995 1.200 1.120 7235 SUPERLN 1.200 0.060 100.9 1.151 15.67 1.58 192.0 1.997 1.210 1.590 1.530 5249 IOIPG 1.540 -0.040 280.9 1.554 13.00 3.25 8,479.5
4.584 1.892 3.570 3.480 7106 SUPERMX 3.480 -0.050 3195.4 3.519 19.99 2.30 2,366.9 0.344 0.195 — — 5175 IVORY 0.215 — — — — 11.63 105.4
0.395 0.180 0.205 0.205 5149 TAS 0.205 -0.005 15 0.205 — — 36.9 1.460 0.365 0.450 0.420 1589 IWCITY 0.420 -0.015 3047.8 0.436 50.00 — 351.7
11.897 4.050 — — 4448 TASEK 4.200 — — — — 9.52 519.2 0.500 0.250 0.360 0.325 8923 JIANKUN 0.360 0.035 135 0.335 — — 60.1
0.250 0.065 0.230 0.225 5178 TATGIAP 0.230 UNCH 88.1 0.227 — — 39.2 0.100 0.070 0.075 0.070 6769 JKGLAND 0.070 UNCH 48 0.073 33.33 1.43 159.2
1.200 0.465 0.500 0.500 7097 TAWIN 0.500 -0.005 238.1 0.500 — — 39.8 0.095 0.060 0.090 0.080 3115 KBUNAI 0.085 UNCH 163.8 0.084 12.50 — 491.0
0.970 0.805 0.935 0.925 5289 TECHBND 0.930 UNCH 771.5 0.929 — — 213.9 0.940 0.555 0.630 0.630 7323 KEN 0.630 0.030 5 0.630 2.43 3.97 120.8
0.975 0.690 — — 8702 TEXCHEM 0.720 — — — — 13.89 89.4 1.110 0.675 0.720 0.690 5038 KSL 0.710 0.010 412 0.700 3.23 — 736.6
4.157 2.070 2.270 2.200 7034 TGUAN 2.200 -0.070 422.2 2.225 10.91 3.64 300.2 0.208 0.130 0.140 0.130 3174 L&G 0.135 UNCH 2172.5 0.136 15.70 11.11 401.4
1.643 1.110 1.120 1.110 7374 TIENWAH 1.120 -0.030 6.9 1.116 — 5.36 162.1 1.211 0.630 — — 8494 LBICAP 0.720 — — — 7.34 4.17 59.2
0.650 0.541 — — 7854 TIMWELL 0.650 — — — 14.48 1.54 57.9 1.090 0.600 0.670 0.630 5789 LBS 0.640 -0.025 1175 0.645 10.17 3.44 997.8
1.060 0.525 0.575 0.555 7285 TOMYPAK 0.570 -0.005 443.7 0.565 98.28 3.68 239.3 0.480 0.285 — — 3573 LIENHOE 0.300 — — — 15.15 — 108.5
4.190 2.476 3.550 3.500 5010 TONGHER 3.550 0.050 30 3.540 8.25 7.32 558.9 1.300 0.840 0.950 0.935 7617 MAGNA 0.935 -0.015 53.2 0.941 13.57 — 313.1
6.360 5.310 5.760 5.550 7113 TOPGLOV 5.600 -0.060 4173.8 5.618 32.73 1.52 14,339.3 1.439 0.890 0.940 0.915 8583 MAHSING 0.915 -0.005 1034.6 0.923 10.42 7.10 2,221.3
1.115 0.503 0.660 0.620 7173 TOYOINK 0.620 -0.040 194.7 0.634 19.56 1.61 66.3 1.037 0.390 0.475 0.445 6181 MALTON 0.450 -0.020 1420.8 0.461 7.75 4.44 237.7
0.789 0.630 — — 5167 TURBO 0.740 — — — 17.01 1.35 79.9 2.109 1.734 1.910 1.880 5236 MATRIX 1.880 -0.010 121.2 1.895 6.41 7.18 1,415.3
3.070 1.953 2.580 2.530 7100 UCHITEC 2.540 UNCH 235.6 2.543 16.37 5.91 1,144.6 2.310 1.540 1.720 1.720 7189 MBWORLD 1.720 -0.010 3 1.720 4.09 4.01 270.7
2.336 0.480 — — 7133 ULICORP 0.600 — — — 31.25 5.55 130.7 0.965 0.620 0.745 0.745 5182 MCT 0.745 0.045 0.1 0.745 11.34 — 1,085.5
2.750 2.000 — — 7137 UMS 2.300 — — — 16.27 2.61 93.6 0.510 0.265 0.300 0.265 5040 MEDAINC 0.295 -0.005 625.7 0.281 — — 145.3
1.116 0.810 — — 7227 UMSNGB 1.060 — — — 10.88 2.83 84.8 0.545 0.340 0.370 0.370 1694 MENANG 0.370 UNCH 5.4 0.370 10.63 — 177.9
1.078 0.871 0.950 0.950 7091 UNIMECH 0.950 0.010 0.8 0.950 7.78 2.37 150.8 0.400 0.190 0.215 0.205 8141 MJPERAK 0.215 0.015 2.1 0.206 11.75 — 55.3
0.750 0.355 0.430 0.430 4995 VERSATL 0.430 0.050 2 0.430 — — 55.5 1.796 1.110 1.130 1.110 6114 MKH 1.130 0.010 242.7 1.120 9.53 3.10 662.8
2.575 0.630 0.760 0.730 6963 VS 0.730 0.010 45728 0.745 8.38 5.34 1,323.4 0.280 0.160 0.180 0.170 8893 MKLAND 0.180 0.010 92 0.177 9.57 — 217.3
1.710 0.595 0.660 0.635 5142 WASEONG 0.635 -0.010 769.9 0.647 3.49 — 492.1 0.150 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9
0.825 0.240 0.795 0.775 7226 WATTA 0.795 UNCH 209.2 0.786 16.09 — 67.2 1.272 0.534 0.625 0.605 1651 MRCB 0.615 0.010 17062.9 0.617 11.12 2.85 2,703.0
2.390 1.860 — — 7111 WEIDA 2.390 — — — 10.18 — 101.0 0.640 0.390 0.490 0.485 9539 MUH 0.490 0.040 7 0.489 — — 27.6
1.544 1.122 1.240 1.200 7231 WELLCAL 1.210 -0.020 118.7 1.208 19.00 4.50 602.5 0.320 0.205 0.225 0.210 3913 MUIPROP 0.225 UNCH 68 0.219 26.47 — 171.9
0.655 0.460 — — 7692 WIDETEC 0.540 — — — 12.53 — 24.2 1.420 0.430 0.500 0.445 5073 NAIM 0.445 -0.010 18876.4 0.472 — — 269.4
1.214 0.700 0.815 0.790 7050 WONG 0.815 0.040 205.8 0.807 7.34 — 74.7 2.308 1.883 — — 5827 OIB 2.100 — — — 7.64 3.33 325.2
0.680 0.500 — — 7025 WOODLAN 0.675 — — — — — 27.0 1.028 0.835 0.885 0.870 5053 OSK 0.870 -0.010 740.8 0.874 4.30 6.32 1,822.9
1.959 1.390 1.530 1.530 5009 WTHORSE 1.530 UNCH 60 1.530 — 4.58 367.2 2.260 1.598 2.060 2.020 1724 PARAMON 2.040 0.010 54.2 2.036 9.72 4.17 873.7
0.756 0.415 0.435 0.430 4243 WTK 0.430 UNCH 307.3 0.432 1.90 2.33 207.0 0.629 0.300 0.370 0.360 6912 PASDEC 0.360 0.025 147 0.360 — — 144.1
0.735 0.160 0.190 0.190 7245 WZSATU 0.190 0.005 13 0.190 — 7.89 88.4 0.070 0.015 0.020 0.015 4464 PHB 0.020 0.005 755.7 0.015 — — 35.0
0.035 0.005 — — 7122 YFG 0.005 — — — — — 3.0 1.890 1.250 — — 7055 PLB 1.500 — — — — — 168.6
0.785 0.545 0.560 0.560 5048 YILAI 0.560 UNCH 17 0.560 — — 89.6 1.595 1.305 1.400 1.400 5075 PLENITU 1.400 UNCH 3.5 1.400 12.17 3.21 534.1
0.455 0.090 0.105 0.100 7020 YKGI 0.105 0.010 33 0.101 — — 36.8 6.150 5.400 5.990 5.500 7765 RAPID 5.800 -0.130 2161.7 5.855 358.02 — 620.0
0.445 0.205 — — 7014 YLI 0.205 — — — — — 21.1 1.120 0.600 0.650 0.650 4596 SAPRES 0.650 UNCH 10 0.650 8.55 — 90.7
CONSTRUCTION 0.630 0.400 0.480 0.480 5207 SBCCORP 0.480 -0.005 16.6 0.480 14.95 — 123.9
0.907 0.241 0.300 0.285 5281 ADVCON 0.300 0.010 763.3 0.290 14.15 3.33 120.6 0.980 0.600 0.685 0.605 2224 SDRED 0.685 0.080 6 0.631 3.27 3.65 291.9
0.922 0.274 0.305 0.290 7078 AZRB 0.305 UNCH 75.4 0.302 12.30 2.92 182.4 0.470 0.285 0.315 0.310 4286 SEAL 0.315 0.005 36.5 0.311 2.76 — 76.5
0.430 0.155 0.170 0.160 5190 BENALEC 0.165 UNCH 593.6 0.166 — 2.42 142.2 2.617 2.180 2.200 2.180 6017 SHL 2.180 -0.020 3 2.199 7.64 10.09 527.8
0.385 0.165 0.220 0.200 5932 BPURI 0.210 0.010 7635.8 0.213 15.00 — 80.2 1.711 0.905 1.100 0.995 5288 SIMEPROP 0.995 -0.045 7629.1 1.040 24.27 6.03 6,766.8
1.043 0.725 0.750 0.745 8761 BREM 0.750 UNCH 29.1 0.749 9.99 2.67 259.1 0.250 0.135 0.145 0.140 4375 SMI 0.140 UNCH 108 0.143 — — 29.4
1.100 0.790 0.900 0.865 8591 CRESBLD 0.870 UNCH 233.5 0.874 2.42 4.60 153.9 0.695 0.345 0.400 0.365 5213 SNTORIA 0.400 0.010 1.4 0.378 8.00 — 226.9
1.840 1.535 1.790 1.730 7528 DKLS 1.790 0.030 9.2 1.741 23.65 1.68 165.9 5.710 3.950 5.700 5.690 1783 SPB 5.700 UNCH 11.6 5.696 — 2.11 1,958.6
1.389 0.360 0.405 0.380 5253 ECONBHD 0.385 0.005 8047.7 0.393 6.36 4.16 514.9 3.788 1.930 2.570 2.330 8664 SPSETIA 2.330 -0.120 4647.5 2.434 8.02 6.65 9,223.5
1.153 0.411 0.460 0.445 8877 EKOVEST 0.445 -0.005 1304.3 0.453 8.05 2.25 952.0 1.340 0.600 0.635 0.600 3743 SUNSURIA 0.610 -0.015 67.7 0.618 4.80 — 487.3
0.900 0.300 0.320 0.305 7047 FAJAR 0.315 0.005 402 0.315 6.83 4.76 117.8 0.751 0.320 0.340 0.330 1538 SYMLIFE 0.330 UNCH 38.1 0.332 2.13 — 194.8
1.146 0.475 0.515 0.505 9261 GADANG 0.510 -0.005 283.7 0.511 3.53 5.88 337.5 0.365 0.165 0.205 0.200 4022 TADMAX 0.200 -0.005 854.6 0.200 — — 156.8
5.211 2.000 2.390 2.340 5398 GAMUDA 2.340 -0.020 1486.8 2.363 11.91 5.13 5,775.2 0.373 0.240 0.255 0.250 5158 TAGB 0.250 -0.010 360.5 0.252 4.80 2.40 1,330.4
2.020 0.595 0.930 0.705 5226 GBGAQRS 0.855 0.155 8134.6 0.874 5.70 4.97 422.9 0.050 0.025 0.030 0.025 2259 TALAMT 0.030 0.005 120 0.027 — — 126.6
4.335 0.755 0.860 0.835 3204 GKENT 0.835 UNCH 3234 0.845 3.96 4.19 470.3 1.050 0.690 0.760 0.740 5191 TAMBUN 0.755 -0.010 111.2 0.752 5.58 8.87 327.2
0.645 0.280 0.320 0.315 5169 HOHUP 0.315 -0.005 203.3 0.320 3.89 — 118.1 0.127 0.045 0.050 0.050 2429 TANCO 0.050 UNCH 203.5 0.050 — — 33.6
1.615 1.272 1.350 1.330 6238 HSL 1.350 UNCH 104.4 1.350 13.04 1.78 786.6 0.485 0.131 0.190 0.190 7889 THRIVEN 0.190 0.005 100.1 0.190 4.37 — 94.5
3.099 1.373 1.650 1.600 3336 IJM 1.620 -0.010 3138.9 1.619 29.83 3.09 5,889.8 0.120 0.045 0.090 0.080 7079 TIGER 0.090 0.005 9378.7 0.085 — — 88.5
0.590 0.090 0.120 0.100 5268 IKHMAS 0.100 -0.005 1978.2 0.111 — — 54.5 0.730 0.295 0.305 0.295 5239 TITIJYA 0.300 UNCH 1048.3 0.301 5.68 0.83 403.3
0.791 0.444 0.540 0.530 8834 IREKA 0.540 0.005 24.9 0.536 60.00 3.70 100.8 0.930 0.805 0.925 0.880 5401 TROP 0.890 -0.010 3250.3 0.901 7.02 1.80 1,308.7
1.840 0.405 0.495 0.480 4723 JAKS 0.480 -0.005 9001.3 0.484 1.82 — 262.1 1.243 0.620 0.675 0.660 5148 UEMS 0.665 0.005 1445.9 0.668 10.39 1.50 3,017.4
1.907 0.990 1.150 1.110 7161 KERJAYA 1.150 0.010 331.5 1.137 12.09 1.74 1,428.3 2.549 1.840 2.140 2.080 5200 UOADEV 2.120 0.050 263.1 2.124 8.55 7.08 3,911.1
2.247 1.000 1.100 1.080 5171 KIMLUN 1.080 -0.040 56.8 1.098 5.58 5.09 358.4 0.320 0.105 0.120 0.105 6378 WMG 0.120 UNCH 3.6 0.109 — — 51.1
1.680 0.750 — — 9628 LEBTECH 0.905 — — — — — 123.5 1.000 0.905 — — 7003 Y&G 0.930 — — — 17.68 — 185.4
0.788 0.460 0.525 0.480 5129 MELATI 0.525 0.015 52 0.523 25.99 1.90 63.0 1.660 1.040 1.310 1.280 3158 YNHPROP 1.300 -0.010 3234.1 1.300 22.15 0.54 687.7
2.091 0.900 — — 8192 MERCURY 0.900 — — — 24.19 4.44 36.2 1.750 0.300 0.370 0.355 7066 YONGTAI 0.365 0.005 9773.3 0.363 22.26 — 177.3
0.905 0.240 0.885 0.875 5006 MERGE 0.885 0.005 197.1 0.884 — — 59.3 0.545 0.370 0.380 0.380 2577 YTLLAND 0.380 -0.005 5 0.380 — — 320.9
1.930 0.680 0.730 0.690 7595 MGB 0.700 -0.030 576.5 0.702 9.83 — 347.8 TRANSPORTATION & LOGISTICS
0.866 0.225 0.320 0.280 9571 MITRA 0.280 0.005 8869.5 0.302 4.06 7.14 250.9 9.926 7.260 8.480 8.230 5014 AIRPORT 8.380 0.080 804.7 8.382 20.77 1.55 13,904.0
0.310 0.115 0.135 0.120 5924 MTDACPI 0.135 0.015 224.2 0.127 5.53 — 31.3 2.146 1.182 1.310 1.310 8133 BHIC 1.310 UNCH 1 1.310 — 2.67 325.5
1.040 0.265 0.290 0.290 5085 MUDAJYA 0.290 UNCH 17.6 0.290 — — 175.6 5.984 4.500 4.600 4.500 5032 BIPORT 4.500 UNCH 12 4.512 19.87 3.11 2,070.0
3.282 2.452 2.820 2.770 5703 MUHIBAH 2.790 UNCH 187.7 2.800 9.35 2.51 1,348.8 0.495 0.335 0.395 0.350 7187 CHGP 0.395 0.060 78 0.356 19.95 — 117.4
0.560 0.270 0.300 0.280 7071 OCR 0.290 UNCH 2359.8 0.286 32.58 — 84.8 1.095 0.385 0.400 0.390 7117 CJCEN 0.390 -0.010 227.1 0.398 12.15 3.85 153.7
0.835 0.730 0.740 0.740 5622 PEB 0.740 UNCH 78 0.740 2.55 — 51.2 0.800 0.535 — — 5136 COMPLET 0.685 — — — 7.34 — 85.1
0.511 0.170 0.200 0.190 8311 PESONA 0.190 UNCH 762.9 0.196 9.95 5.26 132.0 0.605 0.280 0.395 0.375 5259 EATECH 0.390 0.005 849.1 0.384 1.70 — 196.6
0.950 0.190 0.235 0.215 5070 PRTASCO 0.215 UNCH 953.1 0.222 39.09 23.58 106.5 0.822 0.505 0.540 0.530 7210 FREIGHT 0.530 -0.010 747.2 0.530 7.58 6.28 148.0
0.180 0.095 0.105 0.100 7145 PSIPTEK 0.105 UNCH 37 0.102 14.58 — 36.6 0.670 0.255 0.270 0.260 0078 GDEX 0.265 0.005 538.6 0.265 64.63 0.94 1,484.7
3.528 2.167 2.250 2.200 9598 PTARAS 2.230 -0.050 9.5 2.231 25.43 8.97 369.9 0.480 0.280 — — 7676 GUNUNG 0.290 — — — 15.10 — 68.5
0.743 0.315 0.355 0.345 6807 PUNCAK 0.350 UNCH 53.1 0.350 — 1.43 157.2 0.870 0.620 0.700 0.700 2062 HARBOUR 0.700 UNCH 0.1 0.700 7.56 1.43 280.3
1.090 0.455 0.700 0.670 5205 SENDAI 0.670 -0.030 1352.8 0.681 6.54 — 523.3 0.155 0.030 0.050 0.045 7013 HUBLINE 0.045 UNCH 48724.6 0.045 — — 170.1
2.535 1.300 1.350 1.330 5263 SUNCON 1.330 -0.020 1423.6 1.335 12.28 5.64 1,719.6 0.790 0.460 0.500 0.465 5614 ILB 0.465 -0.035 15 0.473 — — 90.7
0.295 0.210 0.235 0.220 9717 SYCAL 0.235 UNCH 90 0.228 54.65 — 97.8 5.781 3.557 4.170 4.110 6645 LITRAK 4.150 0.040 795.6 4.152 9.56 4.82 2,191.1
0.748 0.405 0.540 0.530 5054 TRC 0.540 UNCH 37.7 0.535 12.68 5.19 259.5 0.235 0.055 0.060 0.060 5078 M&G 0.060 UNCH 40 0.060 — 83.33 43.4
0.580 0.295 0.350 0.340 5042 TSRCAP 0.350 UNCH 6.2 0.348 31.25 — 61.1 0.732 0.410 0.580 0.560 5077 MAYBULK 0.560 -0.020 211.2 0.568 — — 560.0
1.400 0.770 0.855 0.830 7070 VIZIONE 0.855 0.005 804.6 0.850 9.78 — 477.8 7.539 4.917 6.740 6.470 3816 MISC 6.700 0.120 1550.3 6.686 28.72 4.48 29,907.4
1.350 0.470 0.505 0.500 3565 WCEHB 0.500 0.005 105 0.502 58.14 — 501.4 2.235 0.825 0.900 0.830 2194 MMCCORP 0.830 -0.050 642.7 0.872 13.41 4.82 2,527.4
1.767 0.660 0.690 0.665 9679 WCT 0.675 -0.005 1740.6 0.675 5.67 4.44 956.1 0.620 0.200 0.350 0.350 9806 NATWIDE 0.350 0.070 3 0.350 — — 43.1
0.775 0.150 0.165 0.155 7028 ZECON 0.165 0.010 410 0.155 9.12 — 21.6 0.165 0.025 0.030 0.025 6254 PDZ 0.030 0.005 116.3 0.025 — — 20.5
0.145 0.025 0.030 0.025 2283 ZELAN 0.025 -0.005 130.3 0.025 — — 21.1 5.339 1.550 1.750 1.710 4634 POS 1.720 UNCH 1600.3 1.732 50.00 4.65 1,346.4
HEALTH CARE 1.400 0.300 — — 8346 PRKCORP 0.380 — — — — — 38.0
0.700 0.350 0.435 0.400 7191 ADVENTA 0.435 0.035 9 0.405 34.80 — 66.5 0.210 0.090 0.105 0.100 5145 SEALINK 0.105 UNCH 29 0.103 — — 52.5
8.870 4.799 7.800 7.800 7090 AHEALTH 7.800 UNCH 1 7.800 16.75 1.67 916.9 1.563 0.960 1.000 1.000 7053 SEEHUP 1.000 0.040 3.2 1.000 — 3.15 80.4
1.463 0.925 0.990 0.950 7148 CCMDBIO 0.950 -0.020 233.6 0.965 13.69 4.28 628.8 1.825 1.450 1.650 1.610 6521 SURIA 1.650 UNCH 60.8 1.636 7.59 2.12 475.5
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
WED N E S DAY JA N UA RY 2, 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.405 0.210 0.270 0.260 5173 SYSCORP 0.270 0.010 211 0.270 16.17 — 324.0 1.360 0.705 0.855 0.830 5199 HIBISCS 0.840 0.015 23396.4 0.842 4.54 — 1,334.1
0.395 0.180 0.205 0.205 5149 TAS 0.205 -0.005 15 0.205 — — 36.9 0.665 0.130 0.160 0.150 2739 HUAAN 0.150 UNCH 3028.3 0.155 4.16 — 168.3
2.237 0.990 1.090 1.000 5140 TASCO 1.000 -0.020 258.3 1.032 9.51 4.50 200.0 0.300 0.060 0.075 0.065 5255 ICON 0.070 UNCH 3172.4 0.071 — — 82.4
1.400 0.730 0.740 0.730 8397 TNLOGIS 0.735 UNCH 98.5 0.733 12.46 2.72 338.7 0.300 0.070 0.085 0.075 7164 KNM 0.075 -0.005 32290.7 0.080 — — 177.7
1.150 0.350 0.940 0.865 7218 TOCEAN 0.870 -0.060 50.2 0.895 — — 35.7 0.946 0.495 0.560 0.540 5186 MHB 0.545 -0.010 214.9 0.551 — 5.50 872.0
3.950 3.003 3.650 3.580 5246 WPRTS 3.620 -0.020 155.2 3.628 20.62 3.69 12,344.2 0.970 0.315 0.405 0.405 5133 PENERGY 0.405 0.045 0.8 0.405 — 4.94 130.3
1.270 0.620 0.735 0.685 5267 XINHWA 0.725 UNCH 446.1 0.718 21.01 1.38 156.6 0.565 0.175 0.220 0.200 7108 PERDANA 0.215 0.010 3029.9 0.213 — — 167.4
PLANTATION 0.090 0.015 0.020 0.015 0047 PERISAI 0.015 UNCH 220 0.015 — — 18.9
0.220 0.140 0.140 0.140 7054 AASIA 0.140 -0.005 33 0.140 — — 92.4 14.620 6.010 6.330 6.220 3042 PETRONM 6.270 -0.010 50.4 6.294 4.84 3.99 1,692.9
19.315 16.200 16.680 16.440 1899 BKAWAN 16.680 UNCH 3.5 16.55 14.39 3.30 7,271.7 0.520 0.210 0.305 0.265 5256 REACH 0.295 0.030 10721.2 0.289 — — 323.4
8.319 6.700 — — 5069 BLDPLNT 7.540 — — — 138.60 0.40 705.0 1.050 0.275 0.300 0.285 5218 SAPNRG 0.290 0.005 71102.9 0.292 — — 4,633.9
1.295 0.655 0.775 0.740 5254 BPLANT 0.750 UNCH 528.7 0.766 — 13.15 1,680.0 0.345 0.040 0.055 0.050 7158 SCOMI 0.055 0.005 257.7 0.050 — — 60.2
0.866 0.530 0.565 0.560 8982 CEPAT 0.565 UNCH 33.3 0.561 13.17 3.54 179.9 0.185 0.030 — — 7045 SCOMIES 0.040 — — — — — 93.7
7.947 6.435 — — 1929 CHINTEK 6.600 — — — 8.36 3.03 603.0 4.256 2.815 3.890 3.770 5279 SERBADK 3.780 0.030 2122.7 3.834 15.08 1.93 5,550.9
0.595 0.435 0.465 0.460 3948 DUTALND 0.465 0.005 36.1 0.464 — — 393.4 0.130 0.005 0.015 0.010 1201 SUMATEC 0.010 UNCH 1939.9 0.011 — — 42.5
3.459 1.973 2.800 2.800 5029 FAREAST 2.800 0.020 0.5 2.800 1.43 1.63 1,662.7 0.665 0.300 0.325 0.315 7228 T7GLOBAL 0.320 UNCH 183.2 0.322 29.91 — 134.2
2.180 0.630 0.740 0.715 5222 FGV 0.715 UNCH 18966.4 0.724 — 7.34 2,608.4 0.135 0.025 0.030 0.025 7206 THHEAVY 0.030 UNCH 1591 0.030 — — 33.6
10.455 9.002 9.870 9.830 2291 GENP 9.860 0.010 602.8 9.850 29.52 1.45 7,944.1 1.670 0.550 0.580 0.570 7250 UZMA 0.575 UNCH 148.3 0.573 12.08 — 184.0
0.600 0.335 0.390 0.390 7382 GLBHD 0.390 0.055 20 0.390 — 2.56 86.9 0.480 0.165 0.185 0.175 5243 VELESTO 0.180 UNCH 13276.7 0.181 — — 1,478.8
1.100 0.550 0.710 0.650 2135 GOPENG 0.650 -0.050 1.8 0.696 31.55 4.11 174.8 1.710 0.595 0.660 0.635 5142 WASEONG 0.635 -0.010 769.9 0.647 3.49 — 492.1
0.650 0.340 0.340 0.340 7501 HARNLEN 0.340 -0.060 1 0.340 — — 63.1 4.905 3.597 4.210 4.160 7293 YINSON 4.200 0.020 644.8 4.188 19.52 1.43 4,591.2
2.545 1.610 — — 5138 HSPLANT 1.640 — — — 19.00 4.57 1,312.0
2.756 1.300 1.400 1.380 2216 IJMPLNT 1.400 0.100 111.3 1.396 — 3.57 1,232.8
0.920 0.610 0.690 0.655 2607 INCKEN 0.675 -0.005 515.3 0.671 — 1.61 284.0
1.168 0.605 0.620
4.757 4.100 4.490
0.610
4.440
6262
1961
INNO
IOICORP
0.610
4.450
0.005 60
-0.020 1396.6
0.615 14.29
4.458 27.10
8.20
2.02
292.1
27,965.8
Ace Market
1.138 0.430 0.475 0.465 4383 JTIASA 0.470 0.005 549.2 0.470 — 1.06 457.6 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
25.809 23.106 24.880 24.420 2445 KLK 24.720 0.080 165.2 24.76 34.96 1.82 26,388.7 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
4.987 3.371 — — 2453 KLUANG 3.620 — — — 85.99 0.28 228.7
1.453 1.130 1.200 1.170 5027 KMLOONG 1.180 0.020 311.4 1.185 13.93 5.08 1,103.8 CONSUMER PRODUCTS & SERVICES
0.880 0.365 0.415 0.395 1996 KRETAM 0.410 0.015 866.5 0.406 — 2.44 954.3 0.725 0.325 0.410 0.395 0098 BAHVEST 0.400 0.005 464.9 0.401 25.64 — 488.6
1.550 0.800 — — 6572 KWANTAS 0.850 — — — — — 264.9 0.275 0.190 0.215 0.205 0179 BIOHLDG 0.210 Unch 1203.3 0.209 13.21 0.52 180.6
1.095 0.810 — — 4936 MALPAC 0.810 — — — — 12.35 60.8 0.310 0.120 0.150 0.145 0116 FOCUS 0.150 Unch 2355.1 0.145 — — 306.3
0.867 0.560 0.660 0.660 5026 MHC 0.660 0.060 1 0.660 12.29 3.03 129.7 0.259 0.144 — — 0157 FOCUSP 0.190 — — — 8.80 5.26 31.4
2.000 1.780 — — 5047 NPC 1.830 — — — — 0.55 219.6 0.170 0.090 0.095 0.090 0074 GOCEAN 0.095 0.005 11 0.091 — — 27.5
3.986 3.110 — — 2038 NSOP 3.150 — — — 9.59 1.90 221.1 0.225 0.040 0.050 0.045 0170 KANGER 0.050 0.005 732 0.045 8.93 — 44.6
0.690 0.140 0.365 0.340 1902 PINEPAC 0.350 0.010 689.4 0.357 — — 52.4 0.230 0.125 0.150 0.140 0180 KTC 0.145 0.005 755 0.146 — — 74.0
1.120 0.650 — — 9695 PLS 0.900 — — — — — 294.0 0.230 0.105 0.110 0.110 0182 LKL 0.110 Unch 39.2 0.110 — 3.18 47.2
0.420 0.140 0.155 0.150 5113 RSAWIT 0.155 0.005 175 0.151 — — 219.9 0.780 0.280 0.380 0.370 0201 NOVA 0.370 Unch 898.6 0.375 13.91 4.86 117.6
3.980 3.000 — — 2542 RVIEW 3.100 — — — 33.81 1.94 201.0 0.225 0.110 — — 0153 OVERSEA 0.110 — — — — — 27.1
3.817 2.740 — — 2569 SBAGAN 3.010 — — — 26.59 0.66 199.7 0.310 0.075 0.085 0.080 0022 PARLO 0.085 0.005 62.3 0.080 0.53 — 30.9
0.630 0.335 0.445 0.360 4316 SHCHAN 0.445 0.110 21.3 0.379 — — 58.7 0.350 0.235 0.275 0.275 0171 PLABS 0.275 Unch 92 0.275 14.95 2.18 59.1
5.789 3.950 4.910 4.760 5285 SIMEPLT 4.760 -0.020 2282.3 4.834 39.34 — 32,372.0 0.550 0.433 0.485 0.485 0158 SCC 0.485 0.005 10 0.485 9.42 7.01 68.5
4.053 1.960 2.120 2.030 5126 SOP 2.100 0.080 63.6 2.085 11.62 2.86 1,198.8 0.315 0.135 0.170 0.170 0140 STERPRO 0.170 0.010 50 0.170 — — 54.6
1.833 1.455 1.700 1.600 5135 SWKPLNT 1.700 UNCH 33.3 1.685 — 2.94 476.0 0.330 0.130 0.170 0.165 0148 SUNZEN 0.165 -0.015 900.1 0.170 75.00 1.82 86.7
3.508 1.882 2.720 2.660 5012 TAANN 2.700 0.050 1231.6 2.695 16.34 3.70 1,201.1 0.405 0.196 0.345 0.320 0197 WEGMANS 0.330 0.005 971.9 0.331 16.75 1.52 165.0
0.514 0.145 0.170 0.160 2054 TDM 0.165 0.005 385.4 0.165 — 3.03 277.6 0.085 0.030 0.040 0.035 0095 XINGHE 0.035 Unch 745.5 0.035 — — 90.1
1.117 0.455 0.465 0.465 5112 THPLANT 0.465 UNCH 15 0.465 — 7.74 411.0 INDUSTRIAL PRODUCTS & SERVICES
1.653 0.960 0.990 0.990 9059 TSH 0.990 0.025 10 0.990 25.92 2.02 1,368.0 0.300 0.210 — — 0122 AIM 0.280 — — — — — 74.5
6.530 5.120 5.210 5.200 2593 UMCCA 5.210 0.010 15.8 5.208 48.38 1.54 1,092.4
28.062 25.000 25.660 25.500 2089 UTDPLT 25.500 -0.140 1.4 25.62 13.69 1.57 5,307.4 0.161 0.060 0.070 0.065 0105 ASIAPLY 0.070 Unch 111.3 0.065 233.33 7.14 31.2
TELECOMMUNICATIONS & MEDIA 0.120 0.045 0.050 0.050 0072 AT 0.050 Unch 88.5 0.050 — — 23.2
0.165 0.075 0.150 0.145 0159 AMEDIA 0.145 -0.005 530 0.149 — — 34.7 0.250 0.140 0.180 0.180 0187 BCMALL 0.180 Unch 682.1 0.180 10.98 — 75.8
0.700 0.610 — — 7031 AMTEL 0.650 — — — — — 35.2 0.340 0.185 0.215 0.195 0163 CAREPLS 0.205 0.015 3020.8 0.210 — — 108.9
2.581 1.026 1.350 1.300 6399 ASTRO 1.300 -0.020 4312 1.324 12.88 8.85 6,778.6 0.260 0.120 0.130 0.125 0102 CONNECT 0.130 0.010 1743 0.125 — — 42.8
5.702 3.200 4.020 3.890 6888 AXIATA 3.930 -0.040 2161 3.942 — 2.16 35,649.1 0.346 0.170 0.210 0.210 0190 ESAFE 0.210 Unch 15 0.210 41.18 8.57 50.5
0.375 0.120 0.220 0.175 6025 BJMEDIA 0.220 -0.020 0.6 0.187 — — 51.7 0.294 0.105 0.155 0.150 0100 ESCERAM 0.155 0.005 145 0.153 1550.0 3.87 31.9
4.880 3.844 4.540 4.460 6947 DIGI 4.500 0.020 4877.9 4.502 22.97 4.31 34,987.5 0.682 0.365 0.440 0.425 0039 GFM 0.430 -0.015 233.4 0.434 19.46 2.14 202.5
0.440 0.180 0.225 0.190 0059 ECOHLDS 0.220 0.030 608 0.219 — — 35.8 0.300 0.125 0.140 0.140 0175 HHGROUP 0.140 0.005 0.1 0.140 — — 47.5
0.590 0.280 — — 0082 GPACKET 0.315 — — — — — 283.9 0.125 0.080 0.085 0.085 0160 HHHCORP 0.085 0.005 234 0.085 16.04 — 28.3
5.929 5.102 5.480 5.350 6012 MAXIS 5.350 -0.110 534.9 5.389 20.15 3.74 41,819.1 0.350 0.145 0.205 0.200 0188 HLT 0.205 0.035 16 0.203 — — 105.0
0.810 0.250 0.380 0.345 4502 MEDIA 0.345 -0.015 1964 0.365 — — 382.7 0.110 0.035 0.055 0.050 0024 JAG 0.050 0.005 10219.6 0.050 27.78 3.80 75.8
0.465 0.181 0.200 0.195 5090 MEDIAC 0.195 0.005 180.1 0.199 0.86 7.74 329.0 0.313 0.185 0.200 0.195 0193 KAB 0.195 -0.005 163.7 0.197 7.12 5.13 62.4
0.934 0.400 0.435 0.420 0172 OCK 0.425 UNCH 2726.4 0.424 15.34 2.35 370.4 0.240 0.105 0.130 0.105 0167 MCLEAN 0.130 -0.010 115 0.114 — — 23.2
0.528 0.350 — — 7190 PPG 0.350 — — — 71.43 5.71 35.0 0.260 0.135 0.195 0.180 0081 MEGASUN 0.195 0.015 231.5 0.191 22.16 — 43.0
0.705 0.200 0.225 0.220 5252 SASBADI 0.220 -0.005 93.8 0.221 45.83 3.05 92.2 0.165 0.050 0.055 0.055 0177 PASUKGB 0.055 -0.005 150 0.055 — — 44.6
0.860 0.530 — — 9431 SJC 0.860 — — — 73.50 — 34.9 0.350 0.130 — — 0038 PTB 0.130 — — — — — 24.2
1.618 0.620 0.735 0.685 6084 STAR 0.685 -0.005 335.2 0.715 — 17.52 505.9 0.380 0.165 0.225 0.215 0196 QES 0.215 -0.005 2674.2 0.217 11.03 — 163.0
8.981 7.060 8.140 8.060 5031 TIMECOM 8.100 -0.050 33.3 8.103 17.72 0.65 4,728.0 0.180 0.055 0.065 0.055 0133 SANICHI 0.060 Unch 24624.1 0.060 — — 66.5
6.157 2.110 2.710 2.640 4863 TM 2.660 0.010 5310.6 2.674 27.80 8.08 9,996.1 0.235 0.090 0.115 0.100 0161 SCH 0.105 0.005 1464.9 0.104 — — 58.3
0.695 0.085 — — 5754 UTUSAN 0.125 — — — — — 13.8 0.745 0.280 0.570 0.545 0001 SCOMNET 0.560 0.015 572.1 0.560 28.43 — 360.1
TECHNOLOGY 0.212 0.115 0.125 0.125 0028 SCOPE 0.125 -0.005 30 0.125 — 4.00 70.1
0.700 0.610 — — 7031 AMTEL 0.650 — — — — — 35.2 0.205 0.080 0.090 0.085 0055 SERSOL 0.090 0.005 70.1 0.085 — — 19.4
0.295 0.120 0.130 0.125 5195 CENSOF 0.130 0.005 330.8 0.125 — — 65.2 0.634 0.254 0.330 0.315 0084 TECFAST 0.320 -0.005 55.6 0.321 18.50 3.13 73.0
0.665 0.130 0.180 0.175 0051 CUSCAPI 0.175 UNCH 1163.5 0.175 — — 150.4 0.813 0.520 — — 0089 TEXCYCL 0.580 — — — 14.54 1.72 148.6
0.993 0.542 0.720 0.700 7204 D&O 0.715 0.015 717.5 0.712 23.99 1.16 788.2 0.460 0.220 0.265 0.250 0162 WIDAD 0.250 -0.005 1161.8 0.257 — — 613.7
0.365 0.175 0.220 0.205 8338 DATAPRP 0.205 0.005 686.2 0.208 — — 86.4 0.215 0.125 0.145 0.145 0025 YBS 0.145 Unch 67.4 0.145 18.13 — 35.1
0.145 0.040 0.050 0.045 0029 DIGISTA 0.050 UNCH 301 0.047 — — 32.9 TECHNOLOGY
0.570 0.195 0.240 0.225 4456 DNEX 0.230 0.005 12258.1 0.233 8.10 2.17 404.3 0.565 0.190 0.230 0.220 0181 AEMULUS 0.220 Unch 403 0.222 22.92 0.91 120.8
1.231 0.285 0.480 0.395 5216 DSONIC 0.405 -0.055 9684.5 0.438 11.38 8.64 546.8 0.430 0.090 0.095 0.095 0119 APPASIA 0.095 Unch 18 0.095 79.17 — 32.8
0.930 0.335 0.470 0.430 5036 EDARAN 0.440 UNCH 1876.2 0.457 3.57 — 26.4 0.535 0.130 0.185 0.185 0068 ASDION 0.185 0.005 420 0.185 — — 21.5
1.596 0.324 0.480 0.465 0065 EFORCE 0.465 UNCH 362 0.472 28.18 3.23 192.7 0.636 0.351 0.380 0.370 0195 BINACOM 0.375 -0.005 243.5 0.375 9.26 2.67 97.5
1.476 0.895 1.110 1.040 0090 ELSOFT 1.090 0.040 1104.7 1.088 17.08 3.06 725.7 0.484 0.220 — — 0191 CABNET 0.220 — — — 9.82 4.32 39.3
0.983 0.341 0.730 0.705 0128 FRONTKN 0.705 -0.005 3862.8 0.717 17.03 0.99 742.7 0.233 0.098 0.160 0.115 0152 DGB 0.160 0.020 565.4 0.133 — — 121.0
0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.320 0.080 0.085 0.080 0131 DGSB 0.085 Unch 2309.8 0.085 — — 63.4
1.860 1.030 1.710 1.580 0021 GHLSYS 1.580 -0.120 273.9 1.697 49.38 — 1,166.0 0.044 0.015 0.020 0.015 0154 EAH 0.020 0.005 2353.5 0.015 — — 101.4
0.590 0.280 — — 0082 GPACKET 0.315 — — — — — 283.9 0.180 0.020 0.025 0.025 0107 EDUSPEC 0.025 -0.005 2201 0.025 — — 25.0
0.252 0.180 0.200 0.200 0056 GRANFLO 0.200 0.005 10 0.200 10.31 3.00 96.6 2.040 1.090 1.670 1.590 0104 GENETEC 1.610 0.020 30.1 1.609 7.91 1.55 67.2
2.896 1.454 1.780 1.730 7022 GTRONIC 1.750 0.020 671 1.755 15.94 1.14 1,170.8 0.100 0.045 — — 0045 GNB 0.065 — — — — — 18.8
0.800 0.340 0.425 0.425 5028 HTPADU 0.425 UNCH 11 0.425 — — 43.0 0.150 0.020 0.030 0.030 0174 IDMENSN 0.030 -0.005 125 0.030 — — 8.2
2.506 1.420 1.520 1.480 0166 INARI 1.500 0.020 32471 1.500 17.46 4.31 4,750.0 0.403 0.185 0.200 0.195 0023 IFCAMSC 0.200 0.005 962.6 0.198 18.02 2.50 121.7
0.420 0.250 0.280 0.270 0192 INTA 0.280 UNCH 34.4 0.272 1.76 — 149.9 0.145 0.055 0.095 0.075 0094 INIX 0.085 0.010 8358.5 0.090 — — 22.0
0.235 0.080 0.085 0.085 9393 ITRONIC 0.085 UNCH 11.4 0.085 — — 8.7 0.245 0.115 0.150 0.135 0010 IRIS 0.145 0.010 16234.5 0.142 — — 430.1
0.484 0.155 0.170 0.160 5161 JCY 0.160 UNCH 701.4 0.163 — 18.75 332.3 1.450 0.590 0.740 0.700 0146 JFTECH 0.710 0.030 283.7 0.713 100.00 1.69 149.1
22.454 7.450 7.700 7.500 9334 KESM 7.670 0.140 162.8 7.585 10.79 2.41 329.9 1.686 0.696 0.880 0.850 0127 JHM 0.850 -0.010 1024.3 0.862 14.33 1.99 474.0
0.270 0.095 0.110 0.105 0143 KEYASIC 0.105 0.005 3349 0.107 19.44 — 99.8 0.292 0.108 0.210 0.190 0111 K1 0.200 0.005 5290.9 0.203 200.00 — 145.8
3.341 1.358 2.260 2.160 5286 MI 2.240 0.080 915 2.236 17.10 — 1,120.0
1.457 0.665 0.695 0.670 0113 MMSV 0.690 UNCH 26.5 0.684 12.45 2.32 140.6 0.165 0.040 0.050 0.045 0036 KGROUP 0.050 0.005 164.9 0.045 — — 26.0
13.087 7.363 9.950 9.860 3867 MPI 9.950 0.060 18.4 9.896 12.73 2.91 2,088.3 0.985 0.430 0.640 0.605 0176 KRONO 0.605 -0.015 2542.6 0.622 13.36 — 241.3
1.385 0.950 1.150 1.130 5011 MSNIAGA 1.150 0.020 12 1.145 5.63 4.35 69.5 0.270 0.120 0.120 0.120 0018 LAMBO 0.120 -0.005 60 0.120 12.50 — 250.8
3.030 0.655 1.000 0.970 0138 MYEG 0.975 UNCH 35994.6 0.987 46.43 1.74 3,516.1 0.180 0.045 0.050 0.050 0017 M3TECH 0.050 0.005 110 0.050 — — 29.3
0.783 0.507 0.610 0.600 0083 NOTION 0.605 0.015 633.5 0.602 4.51 1.65 201.6 0.690 0.310 0.400 0.375 0075 MEXTER 0.385 0.005 363.4 0.389 — — 125.1
0.550 0.335 — — 9008 OMESTI 0.410 — — — — — 195.6 0.400 0.205 — — 0155 MGRC 0.235 — — — — — 24.3
0.315 0.195 0.210 0.200 0041 PANPAGE 0.200 -0.005 87.5 0.203 — — 53.1 0.780 0.335 — — 0126 MICROLN 0.540 — — — — — 90.4
3.870 1.700 2.790 2.730 7160 PENTA 2.750 0.030 1246.8 2.763 17.89 — 870.6 0.474 0.190 0.230 0.210 0112 MIKROMB 0.210 0.005 30 0.223 20.00 4.76 90.5
1.910 0.255 0.460 0.415 5204 PRESBHD 0.455 0.030 34170.3 0.441 45.05 3.74 220.2 0.100 0.035 0.050 0.040 0085 MLAB 0.045 0.005 4456.4 0.045 — — 30.2
0.545 0.240 — — 9075 THETA 0.265 — — — — — 28.4 0.310 0.160 — — 0034 MMAG 0.230 — — — — — 146.0
0.060 0.010 0.015 0.010 0118 TRIVE 0.015 UNCH 720 0.014 — — 32.0 0.110 0.040 0.050 0.045 0103 MNC 0.045 Unch 103.3 0.045 — — 21.5
0.210 0.105 0.110 0.110 4359 TURIYA 0.110 0.005 20 0.110 — — 25.2 0.250 0.100 0.105 0.100 0156 MPAY 0.100 -0.005 270 0.102 — — 71.0
3.520 1.574 3.290 3.280 5005 UNISEM 3.280 UNCH 122.5 3.280 22.99 2.59 2,407.0 0.075 0.025 0.035 0.030 0070 MQTECH 0.030 -0.005 2304.8 0.030 — — 14.9
8.492 5.046 6.360 6.190 0097 VITROX 6.290 0.100 426.7 6.293 30.58 0.76 2,959.8 0.180 0.070 0.075 0.070 0092 MTOUCHE 0.075 Unch 244 0.074 — — 38.1
1.253 0.907 0.990 0.960 5162 VSTECS 0.960 -0.015 21 0.976 6.19 5.21 172.8 1.356 0.663 1.050 1.000 0108 N2N 1.050 0.050 564.8 1.027 33.12 3.81 627.8
0.648 0.415 0.505 0.440 0008 WILLOW 0.505 0.050 1391.8 0.498 20.12 1.98 250.5 0.050 0.010 0.020 0.015 0020 NETX 0.020 0.005 192.1 0.017 — — 56.0
UTILITIES 0.070 0.010 0.020 0.020 0096 NEXGRAM 0.020 Unch 975 0.020 — — 41.4
0.444 0.090 0.100 0.095 7471 EDEN 0.095 UNCH 518.3 0.095 — — 35.9 0.205 0.080 0.110 0.100 0026 NOVAMSC 0.105 0.005 6383.4 0.105 45.65 — 78.9
2.960 2.543 2.840 2.800 5209 GASMSIA 2.830 0.030 194.7 2.824 17.61 4.77 3,633.7 1.152 0.320 0.620 0.605 0035 OPCOM 0.605 -0.005 589.9 0.614 11.18 5.37 97.6
2.060 1.051 1.240 1.210 5843 KPS 1.210 -0.040 334.1 1.223 — 3.51 650.2 0.375 0.256 0.290 0.285 0040 OPENSYS 0.285 Unch 70 0.288 8.72 4.39 84.9
1.012 0.745 0.850 0.800 5264 MALAKOF 0.800 UNCH 5950 0.829 1.63 7.25 4,000.0 0.170 0.040 0.110 0.105 0079 ORION 0.105 Unch 2596.7 0.105 — — 62.9
3.806 2.990 3.100 3.080 3069 MFCB 3.100 UNCH 10.4 3.090 9.79 1.29 1,293.8 0.730 0.240 0.315 0.310 0006 PINEAPP 0.310 0.070 7 0.311 281.82 — 15.0
1.275 1.020 1.060 1.060 5041 PBA 1.060 UNCH 11 1.060 10.00 3.77 351.1 0.165 0.045 0.050 0.050 0123 PRIVA 0.050 -0.005 50 0.050 — — 27.9
20.000 15.928 19.260 19.080 6033 PETGAS 19.200 0.200 294.6 19.18 19.20 3.59 37,991.7 1.570 0.495 1.390 1.350 0200 REVENUE 1.370 Unch 1573.6 1.372 39.94 — 305.3
1.309 0.608 1.200 1.130 5272 RANHILL 1.200 0.070 1278.8 1.165 15.89 6.67 1,066.0 0.781 0.525 — — 0106 REXIT 0.530 — — — 12.16 5.66 100.3
0.389 0.220 0.235 0.225 8567 SALCON 0.235 0.005 1681 0.232 — 3.40 199.1 0.650 0.230 0.245 0.235 0202 RGTECH 0.240 Unch 536.5 0.240 21.24 — 126.0
0.883 0.417 0.795 0.790 8524 TALIWRK 0.790 -0.005 365.8 0.792 36.74 6.08 1,592.5 0.355 0.090 — — 0178 SEDANIA 0.100 — — — — 10.00 22.6
15.787 12.520 13.880 13.560 5347 TENAGA 13.600 0.040 3416.2 13.73 13.07 4.88 77,341.7 0.560 0.370 0.405 0.370 0203 SMETRIC 0.405 -0.005 128 0.390 — — 98.7
1.494 0.882 1.040 1.010 4677 YTL 1.010 -0.010 5102.3 1.026 30.89 3.96 11,019.7 0.235 0.095 — — 0117 SMRT 0.120 — — — 0.47 — 48.8
1.265 0.694 0.840 0.825 6742 YTLPOWR 0.830 0.010 2317 0.832 10.74 6.02 6,771.3 0.280 0.070 — — 0169 SMTRACK 0.090 — — — — — 13.2
CLOSED-END FUNDS 0.270 0.080 0.090 0.080 0093 SOLUTN 0.090 0.010 156.9 0.085 — — 27.6
2.880 2.340 — — 5108 ICAP 2.470 — — — 40.29 — 345.8 0.285 0.150 0.250 0.250 0129 SRIDGE 0.250 -0.005 30.1 0.250 17.01 — 34.1
EXCHANGE TRADED FUNDS 0.375 0.180 0.195 0.185 0050 SYSTECH 0.185 -0.010 515.5 0.186 33.64 — 64.3
1.190 1.146 — — 0800EA ABFMY1 1.139 — — — — 4.08 1,410.0 0.145 0.090 0.100 0.095 0132 TDEX 0.100 Unch 501 0.095 — — 59.0
2.100 1.735 — — 0822EA CIMBA40 1.825 — — — — 3.73 4.9 0.210 0.085 0.095 0.095 0145 TFP 0.095 Unch 20 0.095 — — 19.5
1.845 1.455 1.470 1.460 0823EA CIMBC50 1.470 0.005 8 1.464 — — 10.5 0.580 0.200 0.270 0.255 0005 UCREST 0.265 0.010 9587.8 0.264 5.11 — 123.0
1.960 1.750 — — 0820EA FBMKLCI-EA 1.790 — — — — 1.84 3.0 0.110 0.065 0.085 0.085 0060 VC 0.085 Unch 579 0.085 77.27 — 51.8
1.775 1.600 1.750 1.750 0828EA GOLDETF 1.750 -0.005 8.6 1.750 — — 43.1 0.795 0.290 0.520 0.495 0120 VIS 0.495 -0.010 2125.6 0.506 0.27 — 83.7
1.100 0.940 1.020 1.020 0826EA METFAPA 1.020 UNCH 1 1.020 — — 18.4 0.116 0.015 0.025 0.020 0069 VIVOCOM 0.020 Unch 1246.5 0.020 — — 113.3
0.922 0.795 0.809 0.809 0825EA METFSID 0.809 0.001 1 0.809 — 1.87 71.2 0.145 0.085 0.120 0.095 0066 VSOLAR 0.120 0.015 808.6 0.108 — — 46.3
1.100 0.900 — — 0827EA METFUS50 0.955 — — — — — 12.4 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
1.250 1.060 1.130 1.105 0821EA MYETFDJ 1.130 0.070 51 1.123 — 2.12 311.8 0.200 0.105 — — 0086 YGL 0.105 — — — — — 24.4
1.210 1.085 1.160 1.155 0824EA MYETFID 1.160 0.040 50 1.157 — 2.42 53.8 TELECOMMUNICATIONS & MEDIA
REAL ESTATE INVESTMENT TRUSTS 0.636 0.351 0.380 0.370 0195 BINACOM 0.375 -0.005 243.5 0.375 9.26 2.67 97.5
0.830 0.675 — — 4952 AHP 0.780 — — — 9.21 6.60 171.6 0.880 0.530 0.695 0.695 0147 INNITY 0.695 -0.025 4 0.695 42.64 — 96.5
1.324 1.030 1.310 1.310 5116 ALAQAR 1.310 UNCH 0.1 1.310 11.19 3.92 964.1
0.930 0.765 0.815 0.795 5269 ALSREIT 0.805 UNCH 181.6 0.806 12.38 5.69 466.9 0.180 0.045 0.050 0.050 0017 M3TECH 0.050 0.005 110 0.050 — — 29.3
0.630 0.515 0.530 0.525 5120 AMFIRST 0.525 -0.010 157.7 0.526 30.88 7.52 360.4 0.110 0.040 0.050 0.045 0103 MNC 0.045 Unch 103.3 0.045 — — 21.5
0.863 0.778 0.820 0.820 5127 ARREIT 0.820 UNCH 22.5 0.820 3.23 7.30 470.0 0.180 0.070 0.075 0.070 0092 MTOUCHE 0.075 Unch 244 0.074 — — 38.1
1.140 1.005 1.110 1.110 5130 ATRIUM 1.110 UNCH 5 1.110 7.21 7.07 135.2 0.070 0.010 0.020 0.020 0096 NEXGRAM 0.020 Unch 975 0.020 — — 41.4
1.620 1.135 1.600 1.560 5106 AXREIT 1.560 -0.030 225.9 1.569 15.81 4.79 1,930.2 1.152 0.320 0.620 0.605 0035 OPCOM 0.605 -0.005 589.9 0.614 11.18 5.37 97.6
1.690 0.940 1.070 1.010 5180 CMMT 1.010 -0.030 5894.9 1.033 13.29 8.02 2,064.6 0.165 0.045 0.050 0.050 0123 PRIVA 0.050 -0.005 50 0.050 — — 27.9
1.218 1.090 1.150 1.110 5121 HEKTAR 1.110 -0.020 442.7 1.129 12.12 9.01 512.8 0.355 0.095 — — 0007 PUC 0.115 — — — — — 220.9
1.750 1.382 1.750 1.730 5227 IGBREIT 1.730 UNCH 5232.6 1.738 17.65 5.41 6,115.2 0.440 0.150 0.180 0.175 0032 REDTONE 0.175 Unch 225.6 0.177 15.35 — 132.7
0.864 0.640 0.805 0.750 5280 KIPREIT 0.750 -0.050 1366.3 0.758 10.18 9.04 379.0 0.465 0.185 0.200 0.200 0173 REV 0.200 Unch 14.5 0.200 — — 26.9
8.226 6.538 7.950 7.660 5235SS KLCC 7.660 -0.180 785 7.796 15.59 4.56 13,828.9 0.355 0.090 — — 0178 SEDANIA 0.100 — — — — 10.00 22.6
1.160 0.953 1.070 1.060 5123 MQREIT 1.060 0.010 364.4 1.061 16.59 3.99 1,136.1 0.285 0.150 0.250 0.250 0129 SRIDGE 0.250 -0.005 30.1 0.250 17.01 — 34.1
1.725 1.280 1.650 1.630 5212 PAVREIT 1.640 0.030 4226.2 1.641 18.34 5.26 4,980.2 0.135 0.050 0.055 0.055 0165 XOX 0.055 Unch 4650.5 0.055 — — 60.1
1.770 1.403 1.770 1.730 5176 SUNREIT 1.730 -0.010 7580.6 1.746 12.11 5.42 5,095.0 FINANCIAL SERVICES
1.144 0.876 — — 5111 TWRREIT 0.920 — — — 16.94 4.46 258.1 0.185 0.045 0.065 0.055 0150 FINTEC 0.065 0.005 291.3 0.060 — — 39.3
1.535 1.285 1.310 1.300 5110 UOAREIT 1.310 UNCH 13.2 1.306 9.72 6.33 554.0 0.630 0.455 0.540 0.530 0053 OSKVI 0.540 0.005 42 0.538 — 9.26 106.7
1.249 1.017 1.210 1.180 5109 YTLREIT 1.180 -0.020 1244.9 1.198 8.44 6.46 2,011.2 HEALTH CARE
SPAC 0.340 0.185 0.215 0.195 0163 CAREPLS 0.205 0.015 3020.8 0.210 — — 108.9
0.72 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3 0.230 0.105 0.110 0.110 0182 LKL 0.110 Unch 39.2 0.110 — 3.18 47.2
0.510 0.460 0.505 0.500 5270 RSENA 0.500 UNCH 1956.6 0.501 — — 500.0 0.400 0.205 — — 0155 MGRC 0.235 — — — — — 24.3
ENERGY 0.780 0.280 0.380 0.370 0201 NOVA 0.370 Unch 898.6 0.375 13.91 4.86 117.6
0.220 0.060 0.080 0.070 5115 ALAM 0.080 0.005 1135.4 0.074 — — 74.0 TRANSPORTATION & LOGISTICS
0.950 0.145 0.160 0.155 5210 ARMADA 0.155 -0.005 25307.8 0.156 — — 910.0 0.135 0.060 0.100 0.100 0048 ANCOMLB 0.100 0.010 0.1 0.100 — — 47.3
0.385 0.040 0.065 0.045 7251 BARAKAH 0.060 0.015 16963.3 0.055 — — 50.1 0.300 0.210 0.225 0.220 0080 STRAITS 0.220 -0.005 227.9 0.220 24.18 — 123.0
0.490 0.205 0.425 0.400 5257 CARIMIN 0.405 UNCH 3771.4 0.415 — — 94.7 0.559 0.295 0.360 0.345 0199 TRIMODE 0.350 0.010 99.7 0.348 11.22 2.86 58.1
1.450 0.760 0.800 0.790 5071 COASTAL 0.790 UNCH 101.5 0.796 — 2.53 420.0 CONSTRUCTION
0.110 0.010 0.010 0.010 0091 DAYA 0.010 UNCH 319.8 0.010 — — 20.4 0.438 0.220 0.240 0.230 0198 GDB 0.230 -0.005 383.9 0.236 4.38 4.35 143.8
0.920 0.500 0.550 0.525 5141 DAYANG 0.540 0.010 1016.7 0.541 46.15 — 521.0 0.045 0.010 0.010 0.010 0109 SCBUILD 0.010 Unch 1 0.010 7.14 — 8.8
1.340 0.865 1.000 0.985 5132 DELEUM 0.985 -0.015 7.5 0.998 11.90 4.57 395.1 PLANTATION
3.637 2.440 3.150 3.070 7277 DIALOG 3.110 0.030 11436.5 3.120 37.79 1.03 17,545.5 0.120 0.065 0.070 0.070 0189 MATANG 0.070 Unch 370 0.070 38.89 2.86 126.7
0.535 0.215 0.320 0.310 7253 HANDAL 0.320 UNCH 89.7 0.314 — — 51.2 UTILITIES
19.158 4.520 4.710 4.660 4324 HENGYUAN 4.660 0.010 122.5 4.688 5.95 0.43 1,398.0 0.345 0.199 — — 0011 BTECH 0.235 — — — 14.24 6.81 59.2
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI 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 YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
Main Market & Ace Market Warrants 0.120 0.045 0.050 0.050 16627 INARI-C27 0.050 Unch 1524 1.500 1.900 37.33 28/06/2019
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.115 0.045 0.050 0.050 16628 INARI-C28 0.050 Unch 25 1.500 1.900 36.67 25/06/2019
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.105 0.075 0.090 0.090 16629 INARI-C29 0.090 Unch 2000 1.500 1.900 44.67 28/06/2019
2.010 0.915 0.980 0.965 0166WB INARI-WB 0.970 0.020 45.9 1.500 0.533 0.22 17/02/2020
0.395 0.035 0.045 0.045 70322 A50CHIN-C22 0.045 Unch 29.9 6.046 7.429 23.99 29/03/2019 0.115 0.020 0.040 0.030 0094WA INIX-WA 0.035 0.005 1644.1 0.085 0.100 58.82 16/11/2020
0.605 0.160 0.180 0.165 70324 A50CHIN-C24 0.165 -0.005 476.5 6.046 6.368 9.42 29/03/2019 0.390 0.050 0.055 0.050 3379WB INSAS-WB 0.055 Unch 500.4 0.675 1.000 56.30 25/02/2020
0.205 0.085 0.090 0.090 70330 A50CHIN-C30 0.090 0.005 30 6.046 7.694 29.50 28/06/2019 0.105 0.005 0.010 0.005 7183WA IRETEX-WA 0.010 Unch 305 0.125 0.800 548.00 10/06/2019
0.435 0.210 0.225 0.225 70332 A50CHIN-C32 0.225 0.005 10.5 6.046 6.633 15.29 28/06/2019 0.045 0.005 0.005 0.005 0024WA JAG-WA 0.005 Unch 20 0.050 0.100 110.00 14/08/2019
0.495 0.325 0.460 0.460 70327 A50CHIN-H27 0.460 -0.025 5 6.046 6.368 16.73 28/06/2019 0.035 0.005 0.005 0.005 0024WB JAG-WB 0.005 -0.005 14.6 0.050 0.150 210.00 15/11/2020
0.220 0.045 0.050 0.045 5238WA AAX-WA 0.045 -0.010 724 0.235 0.460 114.89 08/06/2020 0.275 0.150 0.260 0.250 4723WB JAKS-WB 0.255 0.005 698.8 0.480 0.640 86.46 13/12/2023
0.175 0.050 0.055 0.055 6599CO AEON-CO 0.055 Unch 100 1.470 1.650 19.73 31/07/2019 0.130 0.060 0.070 0.070 8923WA JIANKUN-WA 0.070 Unch 10 0.360 0.320 8.33 23/12/2021
0.130 0.005 0.020 0.020 509962 AIRASIAC62 0.020 -0.005 590 2.970 3.257 12.57 31/01/2019 0.040 0.015 0.020 0.015 3115WC KBUNAI-WC 0.020 0.005 162.1 0.085 0.131 77.65 20/10/2023
0.150 0.010 0.045 0.035 509965 AIRASIAC65 0.035 -0.005 2486.3 2.970 3.126 8.33 28/02/2019 0.460 0.140 0.190 0.190 7161WB KERJAYA-WB 0.190 -0.010 3.5 1.150 1.600 55.65 28/02/2023
0.240 0.015 0.080 0.080 509966 AIRASIAC66 0.080 -0.010 15 2.970 2.822 2.05 16/01/2019 0.765 0.200 0.580 0.525 0151WA KGB-WA 0.565 0.050 4471.7 1.120 0.500 -4.91 12/06/2019
0.270 0.035 0.195 0.185 509967 AIRASIAC67 0.190 -0.005 517.3 2.970 2.605 4.39 30/04/2019 0.660 0.210 0.280 0.210 5171WA KIMLUN-WA 0.280 -0.010 8.1 1.080 1.680 81.48 12/03/2024
0.175 0.020 0.065 0.065 509968 AIRASIAC68 0.065 -0.005 5 2.970 3.387 20.50 29/03/2019 0.605 0.160 0.250 0.170 5027WB KMLOONG-WB 0.175 -0.025 8 1.180 1.400 33.47 10/04/2025
0.130 0.025 0.120 0.110 509969 AIRASIAC69 0.110 -0.005 181.7 2.970 2.953 10.03 29/03/2019 0.090 0.010 0.015 0.015 7164WB KNM-WB 0.015 0.005 557 0.075 1.000 1,253 21/04/2020
0.080 0.020 0.070 0.070 509970 AIRASIAC70 0.070 -0.010 63.5 2.970 3.083 11.99 04/04/2019 0.145 0.065 0.070 0.070 7153CY KOSSAN-CY 0.070 Unch 6 4.340 4.750 19.12 26/03/2019
0.160 0.030 0.160 0.150 509971 AIRASIAC71 0.150 -0.010 494.3 2.970 2.822 8.19 31/07/2019 0.225 0.005 0.015 0.005 5878WB KPJ-WB 0.010 Unch 5450.7 0.694 1.010 46.97 23/01/2019
0.260 0.085 0.250 0.240 509972 AIRASIAC72 0.250 Unch 157.6 2.970 2.518 10.38 28/06/2019 0.085 0.010 0.015 0.015 5172WA KSTAR-WA 0.015 -0.005 40 0.085 0.080 11.76 10/04/2021
0.305 0.130 0.275 0.275 509973 AIRASIAC73 0.275 -0.010 10 2.970 2.432 6.00 20/05/2019 0.780 0.125 0.175 0.160 9385WA LAYHONG-WA 0.165 Unch 1806.4 0.405 0.400 39.51 13/10/2021
0.390 0.180 0.370 0.370 509974 AIRASIAC74 0.370 Unch 235 2.970 2.171 5.56 28/06/2019 0.200 0.050 0.065 0.065 7126WA LONBISC-WA 0.065 -0.005 1 0.635 1.000 67.72 26/01/2020
0.205 0.155 0.185 0.185 5014C6 AIRPORT-C6 0.185 0.005 400 8.380 8.300 18.91 23/10/2019 0.090 0.005 0.005 0.005 0017WA M3TECH-WA 0.005 Unch 3555 0.050 0.100 110.00 21/08/2019
0.190 0.005 0.015 0.010 5014CZ AIRPORT-CZ 0.015 0.005 127 8.380 9.000 8.56 31/01/2019 0.100 0.035 0.040 0.040 858318 MAHSING-C18 0.040 0.005 1.5 0.915 1.130 30.05 24/04/2019
0.230 0.085 0.090 0.090 7609WA AJIYA-WA 0.090 Unch 459.5 0.525 0.920 92.38 28/08/2021 0.125 0.010 0.020 0.015 8583WC MAHSING-WC 0.020 0.010 253 0.915 2.100 131.69 21/02/2020
0.180 0.050 0.170 0.165 101510 AMBANK-C10 0.165 0.010 10 4.340 4.200 6.28 31/05/2019 0.065 0.010 0.015 0.015 526415 MALAKOFC15 0.015 0.005 60 0.800 1.000 26.88 28/06/2019
0.170 0.010 0.010 0.010 0068WB ASDION-WB 0.010 Unch 160 0.185 0.500 175.68 24/03/2019 0.080 0.030 0.030 0.030 526416 MALAKOFC16 0.030 -0.005 80 0.800 0.950 24.38 29/03/2019
0.075 0.015 0.015 0.015 0105WA ASIAPLY-WA 0.015 Unch 18 0.070 0.100 64.29 13/12/2020 0.080 0.040 0.055 0.050 526418 MALAKOFC18 0.055 0.010 132 0.800 0.900 22.81 25/06/2019
0.075 0.020 0.020 0.020 0105WB ASIAPLY-WB 0.020 -0.005 3 0.070 0.100 71.43 12/12/2022 0.345 0.105 0.135 0.115 5236WA MATRIX-WA 0.135 Unch 30.1 1.880 2.400 34.84 20/07/2020
0.090 0.050 0.070 0.070 639912 ASTRO-C12 0.070 Unch 20 1.300 1.500 31.54 31/05/2019 0.180 0.080 0.100 0.095 115543 MAYBANKC43 0.100 0.010 377.2 9.500 9.000 2.11 30/04/2019
0.335 0.080 0.080 0.080 7099WC ATTA-WC 0.080 -0.020 1.7 0.620 0.870 53.23 18/11/2024 0.105 0.025 0.035 0.035 115544 MAYBANKC44 0.035 0.010 10 9.500 10.900 17.32 29/03/2019
0.195 0.140 0.190 0.185 688833 AXIATA-C33 0.185 -0.005 200 3.930 3.600 15.14 28/06/2019 0.155 0.070 0.075 0.070 115545 MAYBANKC45 0.070 Unch 40 9.500 9.800 9.05 15/03/2019
0.180 0.130 0.170 0.170 688835 AXIATA-C35 0.170 -0.005 30 3.930 4.200 24.17 17/06/2019 0.070 0.015 0.025 0.020 115546 MAYBANKC46 0.025 0.005 100 9.500 10.000 7.89 28/06/2019
0.195 0.175 0.195 0.195 688836 AXIATA-C36 0.195 Unch 30 3.930 3.750 22.71 23/10/2019 0.155 0.125 0.140 0.140 115549 MAYBANKC49 0.140 0.005 172 9.500 9.500 9.58 31/07/2019
0.550 0.170 0.280 0.250 0098WA BAHVEST-WA 0.260 Unch 199 0.400 0.430 72.50 20/08/2024 0.135 0.120 0.130 0.130 115550 MAYBANKC50 0.130 0.005 5 9.500 9.200 6.42 25/06/2019
0.210 0.190 0.200 0.200 4162CN BAT-CN 0.200 -0.010 30 36.080 40.000 30.27 23/10/2019 0.080 0.010 0.010 0.010 117115 MBSB-C15 0.010 -0.010 400 0.920 1.180 29.62 31/05/2019
0.110 0.070 0.095 0.085 5248C1 BAUTO-C1 0.090 Unch 45 2.150 2.200 14.88 31/05/2019 0.085 0.040 0.045 0.045 117117 MBSB-C17 0.045 Unch 96 0.920 1.010 15.90 31/07/2019
0.330 0.115 0.140 0.135 5258WA BIMB-WA 0.140 Unch 319.3 3.560 4.720 36.52 04/12/2023 0.120 0.045 0.055 0.055 5040WA MEDAINC-WA 0.055 -0.010 50 0.295 0.500 88.14 13/08/2021
0.100 0.025 0.040 0.035 6998WA BINTAI-WA 0.040 Unch 55.1 0.130 0.200 84.62 15/06/2020 0.070 0.020 0.020 0.020 5040WB MEDAINC-WB 0.020 Unch 137.5 0.295 0.900 211.86 22/04/2022
0.160 0.075 0.085 0.080 0179WA BIOHLDG-WA 0.080 -0.005 301.3 0.210 0.220 42.86 05/01/2022 0.060 0.020 0.025 0.020 5040WC MEDAINC-WC 0.025 0.005 101.2 0.295 0.800 179.66 24/08/2024
0.150 0.045 0.055 0.050 3239WB BJASSET-WB 0.055 0.010 101 0.300 0.350 35.00 10/06/2023 0.200 0.020 0.020 0.020 1694WB MENANG-WB 0.020 -0.005 2828.9 0.370 0.550 54.05 09/07/2019
0.050 0.040 0.050 0.045 339511 BJCORP-C11 0.050 0.005 100 0.285 0.310 26.32 25/06/2019 0.310 0.050 0.065 0.060 7234WA MESB-WA 0.060 -0.025 30 0.225 0.300 60.00 27/12/2022
0.100 0.035 0.050 0.040 3395WB BJCORP-WB 0.050 0.005 1010.3 0.285 1.000 268.42 22/04/2022 2.190 1.050 1.100 1.050 3069WA MFCB-WA 1.100 0.050 11.5 3.100 2.220 7.10 08/04/2020
0.140 0.060 0.070 0.070 3395WC BJCORP-WC 0.070 0.005 1155 0.285 1.000 275.44 29/05/2026 0.120 0.075 0.090 0.090 5286CC MI-CC 0.090 0.010 190 2.240 2.700 40.63 28/06/2019
0.045 0.010 0.015 0.015 7036WC BORNOIL-WC 0.015 -0.005 717 0.045 0.070 88.89 08/11/2025 0.170 0.045 0.170 0.165 381619 MISC-C19 0.170 0.005 64.7 6.700 6.060 3.13 28/06/2019
0.145 0.005 0.010 0.010 181818 BURSA-C18 0.010 0.005 10 3.635 8.100 123.93 28/02/2019 0.282 0.015 0.040 0.020 9571WD MITRA-WD 0.030 0.010 2365 0.280 0.940 246.43 23/08/2020
0.925 0.370 0.680 0.660 7154WA CAELY-WA 0.680 0.010 25.5 1.080 0.380 -1.85 22/04/2021 0.210 0.050 0.075 0.055 9571WE MITRA-WE 0.055 -0.015 160.2 0.280 0.940 255.36 17/04/2023
0.330 0.070 0.095 0.085 7035WA CCK-WA 0.085 Unch 2139.7 0.395 0.900 149.37 18/06/2023 0.060 0.005 0.015 0.010 0085WA MLAB-WA 0.015 Unch 103.4 0.045 0.090 133.33 24/04/2020
0.130 0.005 0.015 0.010 5195WB CENSOF-WB 0.010 0.005 203.4 0.130 0.460 261.54 07/10/2019 0.045 0.005 0.010 0.005 0085WB MLAB-WB 0.010 Unch 261.5 0.045 0.150 255.56 10/09/2020
0.430 0.280 0.375 0.300 5738WB CHHB-WB 0.360 0.050 837.5 1.460 1.200 6.85 20/12/2023 0.095 0.045 0.070 0.070 0034WB MMAG-WB 0.070 Unch 162.5 0.230 0.200 17.39 27/11/2022
0.160 0.035 0.035 0.035 102337 CIMB-C37 0.035 -0.005 10 5.710 5.800 5.25 16/01/2019 0.050 0.010 0.015 0.015 0103WA MNC-WA 0.015 0.005 3.5 0.045 0.100 155.56 05/11/2021
0.110 0.030 0.035 0.030 102340 CIMB-C40 0.030 -0.010 4 5.710 6.900 24.52 29/03/2019 0.040 0.005 0.010 0.010 0070WA MQTECH-WA 0.010 0.005 507.1 0.030 0.100 266.67 21/11/2021
0.170 0.125 0.140 0.135 102345 CIMB-C45 0.135 -0.005 60 5.710 5.700 14.01 28/06/2019 0.200 0.005 0.005 0.005 165132 MRCB-C32 0.005 Unch 6 0.298 0.800 170.13 28/02/2019
0.045 0.025 0.035 0.035 7018WA CME-WA 0.035 0.005 1 0.040 0.010 12.50 01/05/2028 0.140 0.045 0.055 0.050 165137 MRCB-C37 0.055 0.005 1336.1 0.615 0.700 31.71 30/04/2019
0.340 0.100 0.210 0.200 5276WA DANCO-WA 0.210 0.010 120 0.450 0.300 13.33 22/05/2022 0.440 0.180 0.215 0.205 1651WB MRCB-WB 0.205 Unch 1164.1 0.615 1.250 136.59 29/10/2027
0.025 0.005 0.005 0.005 7179WB DBE-WB 0.005 -0.005 43 0.030 0.050 83.33 22/01/2022 0.285 0.020 0.020 0.020 13843 MYEG-C43 0.020 -0.020 40 0.975 1.150 24.10 30/01/2019
0.200 0.030 0.055 0.050 727733 DIALOG-C33 0.050 Unch 90 3.110 3.400 13.34 29/03/2019 0.470 0.060 0.105 0.105 13844 MYEG-C44 0.105 0.005 348.9 0.975 1.000 24.10 29/03/2019
0.145 0.030 0.060 0.060 727737 DIALOG-C37 0.060 Unch 10 3.110 3.500 18.33 31/07/2019 0.290 0.005 0.020 0.020 13845 MYEG-C45 0.020 Unch 770.5 0.975 1.280 36.41 18/02/2019
0.220 0.080 0.135 0.135 727740 DIALOG-C40 0.135 Unch 50 3.110 3.300 18.26 28/06/2019 0.225 0.025 0.035 0.035 13846 MYEG-C46 0.035 0.005 1 0.975 1.450 61.28 29/03/2019
0.125 0.095 0.125 0.125 727741 DIALOG-C41 0.125 0.005 50 3.110 3.250 18.57 25/06/2019 0.135 0.050 0.080 0.075 13855 MYEG-C55 0.075 -0.005 2614 0.975 1.200 46.15 28/06/2019
0.185 0.085 0.105 0.105 694725 DIGI-C25 0.105 -0.005 30 4.500 4.700 13.78 31/05/2019 0.085 0.060 0.085 0.080 4707CE NESTLE-CE 0.080 0.005 40 147.40 148.00 5.83 28/06/2019
0.300 0.060 0.290 0.290 694728 DIGI-C28 0.290 Unch 0.7 4.500 5.000 42.04 28/06/2019 0.030 0.005 0.010 0.005 0096WA NEXGRAM-WA 0.010 0.005 247.2 0.020 0.100 450.00 16/05/2022
0.245 0.055 0.075 0.065 4456WD DNEX-WD 0.070 0.005 3536.1 0.230 0.500 147.83 30/07/2021 0.025 0.005 0.010 0.005 0096WB NEXGRAM-WB 0.010 0.005 167.1 0.020 0.260 1,250 21/07/2023
0.415 0.105 0.130 0.130 7114WA DNONCE-WA 0.130 0.010 211.7 0.340 0.250 11.76 25/11/2020 0.030 0.005 0.010 0.005 0096WC NEXGRAM-WC 0.010 0.005 136 0.020 0.100 450.00 15/01/2024
0.065 0.015 0.020 0.015 5265WA DOLPHIN-WA 0.015 Unch 84 0.090 0.800 805.56 29/03/2021 0.335 0.050 0.160 0.150 7241WA NGGB-WA 0.160 Unch 1585.6 0.430 0.600 76.74 18/10/2020
0.280 0.060 0.070 0.065 7169WA DOMINAN-WA 0.065 0.005 172 1.280 1.300 6.64 10/09/2020 0.410 0.200 0.240 0.240 0083WC NOTION-WC 0.240 -0.010 0.1 0.605 0.840 78.51 14/03/2023
0.140 0.005 0.005 0.005 161956 DRBHCOMC56 0.005 Unch 315.2 1.700 2.280 35.29 31/01/2019 0.295 0.065 0.090 0.080 0172WA OCK-WA 0.085 -0.005 2796.8 0.425 0.710 87.06 15/12/2020
0.265 0.020 0.030 0.030 161960 DRBHCOMC60 0.030 Unch 286.7 1.700 1.950 20.00 30/04/2019 0.095 0.015 0.040 0.035 0079WA ORION-WA 0.040 Unch 200.1 0.105 0.170 100.00 26/07/2022
0.185 0.080 0.090 0.090 161968 DRBHCOMC68 0.090 0.005 305 1.700 1.900 29.24 28/06/2019 0.210 0.035 0.055 0.045 5053WC OSK-WC 0.055 0.010 159.7 0.870 1.200 44.25 22/07/2020
0.300 0.050 0.085 0.075 5216WA DSONIC-WA 0.075 -0.005 2973 0.405 1.090 187.65 05/07/2023 0.365 0.100 0.125 0.125 5260WA OWG-WA 0.125 Unch 293.3 0.515 0.800 79.61 29/09/2023
0.150 0.005 0.010 0.010 3417WB E&O-WB 0.010 0.005 22 0.747 2.600 249.40 21/07/2019 0.420 0.245 0.300 0.280 8419WA PANSAR-WA 0.300 0.005 3.5 0.800 0.950 56.25 06/06/2023
0.030 0.005 0.005 0.005 0154WD EAH-WD 0.005 -0.005 745.1 0.020 0.050 175.00 25/10/2022 0.250 0.045 0.060 0.060 5125WA PANTECH-WA 0.060 -0.005 30 0.435 0.500 28.74 21/12/2020
0.135 0.035 0.065 0.055 3557WC ECOFIRS-WC 0.065 Unch 131.7 0.310 0.300 17.74 10/09/2019 0.095 0.025 0.035 0.030 7225WB PA-WB 0.035 Unch 23 0.055 0.060 72.73 17/12/2022
0.590 0.070 0.090 0.080 5253WA ECONBHD-WA 0.085 0.005 2041.9 0.385 1.250 246.75 02/01/2023 0.150 0.150 0.150 0.150 129530 PBBANK-C30 0.150 Unch 20 24.759 26.500 16.12 23/10/2019
0.385 0.170 0.180 0.170 8206WA ECOWLD-WA 0.175 0.005 85.9 0.905 2.080 149.17 26/03/2022 0.150 0.010 0.040 0.035 6068WA PCCS-WA 0.040 -0.005 27 0.190 0.600 236.84 25/12/2022
0.150 0.030 0.035 0.035 7471WB EDEN-WB 0.035 Unch 6.2 0.095 0.300 252.63 13/08/2021 0.200 0.070 0.075 0.070 518323 PCHEM-C23 0.070 -0.010 1.1 9.290 10.300 15.02 29/03/2019
1.280 0.110 0.170 0.155 0065WA EFORCE-WA 0.165 Unch 606.9 0.465 0.340 8.60 17/07/2019 0.060 0.015 0.020 0.020 518324 PCHEM-C24 0.020 Unch 600 9.290 10.000 9.80 28/06/2019
0.420 0.130 0.160 0.150 8907WC EG-WC 0.150 0.005 149 0.490 0.500 32.65 03/11/2020 0.050 0.005 0.010 0.010 6254WB PDZ-WB 0.010 0.005 0.1 0.030 0.100 266.67 29/01/2023
0.075 0.035 0.035 0.035 8877CT EKOVEST-CT 0.035 Unch 100 0.445 0.500 28.09 30/04/2019 0.270 0.115 0.140 0.140 9997WB PENSONI-WB 0.140 0.015 44.9 0.475 0.600 55.79 20/01/2024
0.795 0.045 0.060 0.050 8877WB EKOVEST-WB 0.055 Unch 564.8 0.445 0.480 20.22 25/06/2019 0.295 0.030 0.045 0.045 8311WC PESONA-WC 0.045 Unch 405.5 0.190 0.250 55.26 27/01/2020
0.340 0.100 0.135 0.130 5283WA EWINT-WA 0.130 Unch 837 0.710 1.450 122.54 02/04/2022 0.125 0.060 0.090 0.075 5681CX PETDAG-CX 0.075 -0.005 41 26.499 26.500 5.66 30/09/2019
0.535 0.030 0.040 0.030 7047WB FAJAR-WB 0.035 0.005 221.3 0.315 0.700 133.33 24/09/2019 2.260 0.795 1.700 1.600 7172WA PMBTECH-WA 1.670 0.170 34.6 3.570 3.010 31.09 12/07/2023
0.430 0.035 0.040 0.040 06505B FBMKLCI-C5B 0.040 0.005 15.1 1,199 1,830 53.61 31/01/2019 5.380 3.330 4.390 4.330 8869WC PMETAL-WC 4.330 -0.030 51.7 4.830 0.390 -2.28 22/08/2019
0.550 0.100 0.130 0.125 06505C FBMKLCI-C5C 0.125 -0.005 205.1 1,690 1,750 5.73 31/01/2019 0.810 0.300 0.490 0.490 7088WB POHUAT-WB 0.490 0.010 7 1.500 1.000 -0.67 21/10/2020
0.205 0.020 0.045 0.035 06505E FBMKLCI-C5E 0.035 -0.005 1131.7 1,690 1,680 0.82 31/01/2019 0.070 0.030 0.040 0.040 463429 POS-C29 0.040 Unch 480 1.720 2.600 60.47 28/06/2019
0.110 0.005 0.010 0.010 06505F FBMKLCI-C5F 0.010 Unch 75 562.54 1,780 217.67 28/02/2019 0.065 0.040 0.055 0.055 463430 POS-C30 0.055 -0.010 650 1.720 2.200 40.70 25/06/2019
0.060 0.005 0.010 0.010 06505I FBMKLCI-C5I 0.010 Unch 150 681.47 1,820 168.10 29/03/2019 0.600 0.315 0.330 0.320 7168WA PRG-WA 0.330 0.015 28 0.765 0.375 -7.84 06/07/2019
0.045 0.010 0.020 0.020 06505K FBMKLCI-C5K 0.020 Unch 10 1,338 1,800 35.49 30/04/2019 0.220 0.035 0.050 0.040 5070WA PRTASCO-WA 0.045 0.005 445.6 0.215 0.750 269.77 25/04/2023
0.230 0.100 0.130 0.130 06505L FBMKLCI-C5L 0.130 0.015 10 1,690 1,850 11.74 30/04/2019 0.115 0.010 0.015 0.010 7145WA PSIPTEK-WA 0.015 -0.005 5.1 0.105 0.100 9.52 16/11/2019
0.365 0.195 0.260 0.250 06505M FBMKLCI-C5M 0.250 0.005 690 1,690 1,770 9.13 30/04/2019 0.180 0.045 0.055 0.050 0186WA PTRANS-WA 0.050 Unch 1582.8 0.235 0.235 21.28 19/09/2020
0.100 0.055 0.085 0.075 06505N FBMKLCI-C5N 0.075 Unch 885.2 1,690 1,680 2.48 31/05/2019 0.595 0.120 0.200 0.120 7134WA PWF-WA 0.155 -0.005 0.5 0.745 0.620 4.03 20/07/2021
0.090 0.045 0.075 0.070 06505O FBMKLCI-C5O 0.075 0.010 490.3 1,690 1,700 3.66 28/06/2019 0.550 0.210 0.280 0.220 7237WA PWROOT-WA 0.220 -0.020 53.2 1.380 1.540 27.54 24/07/2023
0.545 0.400 0.505 0.490 06505Q FBMKLCI-C5Q 0.490 0.005 321.2 1,690 1,650 6.30 31/05/2019 0.135 0.055 0.075 0.065 5256WA REACH-WA 0.070 0.005 13684 0.295 0.750 177.97 12/08/2022
0.330 0.135 0.260 0.240 06504Y FBMKLCI-H4Y 0.260 Unch 70.6 1,690 1,888 23.98 31/01/2019 0.200 0.040 0.120 0.110 9954WB RGTBHD-WB 0.115 Unch 170 0.160 0.100 34.38 14/05/2023
0.115 0.020 0.045 0.035 06506G FBMKLCI-H6G 0.045 Unch 1334.6 1,690 1,680 1.24 31/01/2019 0.265 0.050 0.065 0.060 1066C8 RHBBANK-C8 0.065 Unch 225.7 5.290 5.300 3.88 28/02/2019
0.225 0.070 0.165 0.140 06506H FBMKLCI-H6H 0.165 0.010 1967.6 1,690 1,780 12.12 28/02/2019 0.180 0.055 0.065 0.060 8567WB SALCON-WB 0.060 Unch 136 0.235 0.300 53.19 19/07/2025
0.360 0.215 0.225 0.215 06506I FBMKLCI-H6I 0.220 -0.020 170 1,690 1,680 3.28 28/02/2019 0.025 0.015 0.015 0.015 0133WE SANICHI-WE 0.015 Unch 67.8 0.060 0.100 91.67 13/12/2021
0.495 0.305 0.335 0.320 06506J FBMKLCI-H6J 0.335 -0.010 1149.5 1,690 1,760 10.06 28/02/2019 0.090 0.005 — — 521867 SAPNRGC67 0.005 — — 0.290 0.750 162.93 31/12/2018
0.295 0.115 0.205 0.205 06506K FBMKLCI-H6K 0.205 -0.020 410 1,690 1,820 16.14 29/03/2019 0.075 0.015 — — 521871 SAPNRGC71 0.015 — — 0.290 0.490 79.64 15/04/2019
0.185 0.105 0.145 0.140 06506L FBMKLCI-H6L 0.145 Unch 470 1,690 1,788 14.34 31/05/2019 0.035 0.020 — — 521872 SAPNRGC72 0.020 — — 0.290 0.680 145.52 31/05/2019
0.280 0.170 0.215 0.190 06506M FBMKLCI-H6M 0.215 0.015 40 1,690 1,800 15.38 30/04/2019 0.100 0.040 0.040 0.040 521873 SAPNRGC73 0.040 Unch 20 0.290 0.400 58.62 31/05/2019
0.430 0.315 0.325 0.315 06506N FBMKLCI-H6N 0.320 -0.020 215 1,690 1,660 3.87 30/04/2019 0.055 0.040 — — 521874 SAPNRGC74 0.040 — — 0.290 0.409 62.03 28/06/2019
0.555 0.420 0.430 0.420 06506O FBMKLCI-H6O 0.430 -0.010 136 1,690 1,740 10.56 30/04/2019 0.020 0.005 — — 0109WB SCBUILD-WB 0.005 — — 0.010 0.050 450.00 06/11/2019
0.190 0.090 0.115 0.100 06506P FBMKLCI-H6P 0.115 0.005 1117.9 1,690 1,680 4.14 31/05/2019 0.400 0.065 — — 7247WA SCGM-WA 0.100 — — 1.180 3.960 244.07 31/07/2020
0.185 0.115 0.130 0.120 06506Q FBMKLCI-H6Q 0.125 -0.005 400.6 1,690 1,700 5.74 28/06/2019 0.130 0.020 0.030 0.025 0161WA SCH-WA 0.030 0.005 20 0.105 0.100 23.81 04/12/2021
0.435 0.360 0.360 0.360 06506R FBMKLCI-H6R 0.360 Unch 2.8 1,690 1,610 1.63 31/05/2019 0.125 0.010 0.015 0.015 7158WB SCOMI-WB 0.015 Unch 190.5 0.055 0.210 309.09 18/02/2023
0.555 0.430 0.440 0.430 06506S FBMKLCI-H6S 0.440 -0.010 7.6 1,690 1,690 7.78 31/05/2019 0.145 0.030 — — 0028WA SCOPE-WA 0.030 — — 0.125 0.150 44.00 17/07/2020
0.080 0.005 0.005 0.005 522258 FGV-C58 0.005 Unch 1000 0.715 1.700 139.16 28/06/2019 0.345 0.010 0.020 0.020 7073WB SEACERA-WB 0.020 Unch 183.3 0.190 0.930 400.00 29/05/2019
0.065 0.040 0.050 0.050 522263 FGV-C63 0.050 Unch 373 0.715 0.950 45.45 28/06/2019 0.260 0.020 0.030 0.025 7073WC SEACERA-WC 0.025 Unch 1463.4 0.190 1.000 439.47 21/01/2021
0.065 0.010 0.015 0.015 0150WA FINTEC-WA 0.015 0.005 120 0.065 0.300 384.62 19/04/2024 0.255 0.110 — — 5279CL SERBADK-CL 0.110 — — 3.780 3.500 5.69 31/01/2019
0.100 0.015 0.025 0.015 9318WB FITTERS-WB 0.015 -0.010 42.3 0.400 1.000 153.75 12/10/2019 0.265 0.115 — — 5279CM SERBADK-CM 0.130 — — 3.780 3.500 8.07 18/02/2019
0.800 0.500 0.795 0.760 7184WA G3-WA 0.795 0.045 18.5 0.815 0.100 9.82 02/10/2022 0.175 0.065 — — 5279CN SERBADK-CN 0.065 — — 3.780 4.500 26.79 29/03/2019
0.490 0.075 0.090 0.085 9261WB GADANG-WB 0.090 0.005 72.5 0.510 1.060 125.49 29/11/2021 0.140 0.045 0.060 0.060 5279CO SERBADK-CO 0.060 0.015 15 3.780 4.050 15.08 15/03/2019
0.195 0.010 0.010 0.010 539851 GAMUDA-C51 0.010 Unch 472.1 2.340 3.380 47.01 29/03/2019 0.105 0.095 — — 5279CP SERBADK-CP 0.100 — — 3.780 4.500 32.28 28/06/2019
0.050 0.015 0.020 0.020 539857 GAMUDA-C57 0.020 Unch 345 2.340 3.500 52.14 31/07/2019 0.350 0.170 — — 7180WA SERNKOU-WA 0.290 — — 0.530 0.400 30.19 20/03/2023
0.140 0.070 0.080 0.080 539859 GAMUDA-C59 0.080 -0.005 50 2.340 2.350 14.10 30/08/2019 0.125 0.020 — — 419727 SIME-C27 0.050 — — 2.400 2.600 13.54 31/05/2019
1.300 0.125 0.160 0.150 5398WE GAMUDA-WE 0.150 -0.005 385.9 2.340 4.050 79.49 06/03/2021 0.135 0.040 — — 419728 SIME-C28 0.065 — — 2.400 2.780 22.60 24/04/2019
0.410 0.135 0.240 0.160 5226WB GBGAQRS-WB 0.195 0.035 21902.7 0.855 1.120 53.80 26/09/2023 0.095 0.050 0.075 0.075 419729 SIME-C29 0.075 0.005 50 2.400 3.000 32.81 28/06/2019
0.425 0.035 0.050 0.040 0078WB GDEX-WB 0.040 Unch 317.7 0.265 0.383 59.43 05/02/2020 0.095 0.065 — — 5285CG SIMEPLT-CG 0.065 — — 4.760 5.450 24.05 28/02/2019
0.085 0.010 0.015 0.015 471541 GENM-C41 0.015 Unch 52 3.020 5.050 69.70 31/07/2019 0.125 0.050 — — 5288CH SIMEPROP-CH 0.050 — — 0.995 1.500 63.32 29/03/2019
0.125 0.030 0.045 0.040 471542 GENM-C42 0.040 Unch 495.3 3.020 4.600 58.28 28/06/2019 0.065 0.005 — — 5288CI SIMEPROP-CI 0.005 — — 0.995 1.880 89.95 18/03/2019
0.085 0.040 0.050 0.050 471543 GENM-C43 0.050 Unch 20 3.020 3.900 37.42 25/06/2019 0.030 0.015 0.025 0.025 5288CJ SIMEPROP-CJ 0.025 0.010 6.2 0.995 1.250 30.65 28/06/2019
0.145 0.105 0.135 0.130 471545 GENM-C45 0.130 0.010 351.5 3.020 2.900 17.55 13/06/2019 0.085 0.080 — — 5288CK SIMEPROP-CK 0.080 — — 0.995 1.190 35.68 30/05/2019
0.140 0.100 0.125 0.120 471546 GENM-C46 0.120 Unch 2558 3.020 3.400 32.45 31/07/2019 0.200 0.075 — — 5242WA SOLID-WA 0.100 — — 0.300 0.210 3.33 16/12/2020
0.140 0.100 0.120 0.120 471547 GENM-C47 0.120 Unch 440 3.020 3.200 23.84 25/06/2019 0.150 0.035 — — 0093WA SOLUTN-WA 0.040 — — 0.090 0.200 166.67 04/07/2021
2.990 1.490 2.100 1.770 2291WA GENP-WA 2.100 0.130 29.6 9.860 7.750 -0.10 17/06/2019 0.105 0.015 0.040 0.030 866410 SPSETIA-C10 0.030 -0.005 221.2 2.330 2.800 24.03 28/06/2019
0.175 0.075 0.080 0.075 318257 GENTINGC57 0.080 Unch 311 6.100 7.700 32.79 28/06/2019 0.180 0.100 0.180 0.155 866411 SPSETIA-C11 0.155 -0.020 166 2.330 2.300 18.67 25/06/2019
0.105 0.035 0.035 0.035 318258 GENTINGC58 0.035 Unch 240 6.100 7.250 22.87 30/09/2019 0.185 0.140 — — 866412 SPSETIA-C12 0.185 — — 2.330 2.300 22.53 28/06/2019
0.135 0.100 0.110 0.110 318262 GENTINGC62 0.110 0.005 153.2 6.100 7.000 23.41 28/06/2019 0.120 0.005 — — 8664C8 SPSETIA-C8 0.005 — — 1.970 3.300 68.53 31/01/2019
0.170 0.050 0.095 0.085 5220WA GLOTEC-WA 0.095 Unch 619.4 0.525 0.720 55.24 19/12/2021 0.095 0.040 — — 0129WA SRIDGE-WA 0.075 — — 0.250 0.180 2.00 24/02/2023
0.100 0.050 0.055 0.055 0082WB GPACKET-WB 0.055 Unch 51.1 0.315 0.400 44.44 24/11/2023 0.095 0.010 — — 0140WA STERPRO-WA 0.020 — — 0.170 0.480 194.12 17/02/2021
0.285 0.100 0.100 0.100 2062WC HARBOUR-WC 0.100 -0.010 10 0.700 1.560 137.14 03/04/2021 0.050 0.005 0.040 0.015 7143WA STONE-WA 0.015 0.005 324.3 0.160 0.300 96.88 21/06/2020
0.240 0.010 0.020 0.010 516811 HARTA-C11 0.010 -0.020 695.8 3.080 7.000 128.57 29/03/2019 0.195 0.100 0.105 0.100 0080WA STRAITS-WA 0.105 0.005 233.5 0.220 0.115 0.00 10/08/2022
0.330 0.070 0.070 0.070 516814 HARTA-C14 0.070 -0.015 30 6.140 6.500 11.56 18/02/2019 0.115 0.005 — — 1201WA SUMATEC-WA 0.005 — — 0.010 0.320 3,150 03/03/2021
0.175 0.040 0.040 0.040 516815 HARTA-C15 0.040 -0.005 25 6.140 8.000 34.53 30/04/2019 0.155 0.040 — — 5263CS SUNCON-CS 0.040 — — 1.330 2.000 59.40 27/02/2019
0.405 0.210 0.250 0.250 7105WA HCK-WA 0.250 0.035 13 1.260 0.960 -3.97 26/09/2027 0.080 0.045 — — 5211CR SUNWAY-CR 0.045 — — 1.470 1.700 21.77 18/03/2019
0.125 0.015 0.015 0.015 4324C3 HENGYUAN-C3 0.015 -0.005 1 4.660 7.100 57.83 01/03/2019 0.065 0.025 — — 5211CS SUNWAY-CS 0.030 — — 1.470 1.650 16.33 15/03/2019
0.305 0.060 0.070 0.065 5072WB HIAPTEK-WB 0.070 0.005 435.2 0.230 0.500 147.83 23/06/2021 0.640 0.210 0.245 0.240 5211WB SUNWAY-WB 0.240 0.010 86.4 1.470 1.790 38.10 03/10/2024
0.165 0.005 0.005 0.005 5199CI HIBISCS-CI 0.005 Unch 1183 0.840 1.100 32.44 31/01/2019 0.215 0.030 0.060 0.060 0148WA SUNZEN-WA 0.060 -0.005 50 0.165 0.100 -3.03 14/04/2019
0.180 0.015 0.020 0.020 5199CK HIBISCS-CK 0.020 Unch 1850 0.840 1.200 48.10 18/03/2019 0.155 0.030 — — 0148WB SUNZEN-WB 0.035 — — 0.165 0.250 72.73 25/02/2021
0.195 0.015 0.025 0.020 5199CL HIBISCS-CL 0.025 Unch 434.8 0.840 0.980 24.11 01/03/2019 0.840 0.040 — — 710640 SUPERMX-C40 0.250 — — 3.480 3.000 0.57 31/12/2018
0.665 0.200 0.435 0.400 5199WC HIBISCS-WC 0.425 0.030 7317.2 0.840 1.000 69.64 19/03/2021 0.480 0.075 0.185 0.175 710642 SUPERMX-C42 0.175 -0.010 100 3.480 2.880 2.87 31/01/2019
0.075 0.040 0.045 0.045 5819CN HLBANK-CN 0.045 Unch 544.5 20.400 21.000 7.35 31/07/2019 0.295 0.010 0.010 0.010 710646 SUPERMX-C46 0.010 Unch 18 3.480 4.880 41.24 31/01/2019
0.150 0.140 0.150 0.150 5819CO HLBANK-CO 0.150 0.005 28 20.400 22.000 18.87 23/10/2019 0.175 0.015 — — 710647 SUPERMX-C47 0.020 — — 3.480 4.600 35.92 27/02/2019
0.190 0.045 0.100 0.045 0188WA HLT-WA 0.100 0.030 64.2 0.205 0.200 46.34 27/12/2022 0.185 0.015 — — 710648 SUPERMX-C48 0.030 — — 3.480 4.500 33.62 30/04/2019
0.250 0.085 0.090 0.090 5160WA HOMERIZ-WA 0.090 Unch 150 0.670 0.920 50.75 09/07/2020 0.165 0.010 0.090 0.010 710649 SUPERMX-C49 0.010 Unch 1030 3.480 5.000 44.97 18/02/2019
0.700 0.140 0.180 0.170 0185WA HSSEB-WA 0.170 -0.010 36.9 0.860 1.700 117.44 15/03/2023 0.125 0.015 0.015 0.015 710650 SUPERMX-C50 0.015 -0.005 12.5 3.480 5.300 54.89 29/03/2019
0.090 0.005 0.010 0.010 7013WB HUBLINE-WB 0.010 0.005 1686.2 0.045 0.200 366.67 20/12/2020 0.090 0.010 — — 710651 SUPERMX-C51 0.020 — — 3.480 4.450 31.32 15/03/2019
0.020 0.010 0.020 0.010 7013WC HUBLINE-WC 0.015 Unch 53752.2 0.045 0.055 55.56 17/12/2023 0.220 0.065 0.130 0.125 710652 SUPERMX-C52 0.125 -0.005 665 3.480 3.300 12.79 29/03/2019
1.000 0.100 0.360 0.360 9687WB IDEAL-WB 0.360 0.010 2 1.090 1.000 24.77 30/03/2021 0.120 0.030 0.050 0.050 710653 SUPERMX-C53 0.050 Unch 200 3.480 4.200 27.87 29/03/2019
0.155 0.060 0.110 0.105 522510 IHH-C10 0.105 -0.010 150 5.390 5.400 11.87 28/06/2019 0.230 0.095 — — 710654 SUPERMX-C54 0.230 — — 3.480 3.500 33.62 31/05/2019
0.070 0.015 0.055 0.050 5225C7 IHH-C7 0.055 -0.015 80 5.390 6.000 15.40 31/05/2019 0.225 0.065 — — 710655 SUPERMX-C55 0.145 — — 3.480 3.500 17.24 31/07/2019
0.105 0.035 0.040 0.040 16626 INARI-C26 0.040 -0.005 90 1.500 1.850 31.33 30/09/2019 0.310 0.130 0.210 0.200 710656 SUPERMX-C56 0.200 -0.005 819 3.480 2.800 9.20 30/05/2019
WED N E S DAY JA N UA RY 2, 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 9
G L O B A L M A R K E T S . 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

Hong Kong — Stocks gain over 1% in
shortened session; drop nearly 14% in
2018
HONG KONG: Hong Kong shares climbed
over 1% on Monday, closing an otherwise
bearish 2018 on a firm note, on the back of
optimism about Sino-US trade relations,
and gains in technology stocks.
The Hang Seng Index rose 1.34% or 341.5
points to 25,845.7, while the Hang Seng China
Enterprises Index gained 1.33%.
The market was closed in the afternoon on
New Year’s Eve. The market tracked the sorry
state of the Chinese stock market in 2018, whose
blue-chip index was the worst performer in
Asia. H-shares also shed 13.5% in 2018.
The Hang Seng recorded a 2.5% fall in
December, and lost almost 7% this quarter,
while H-shares accumulated losses of 4.7%
in December and 8.1% in the fourth quarter
of 2018. Gains were seen across the board
on Monday.
The sub-index tracking the financial
sector ended the session 1.4% higher, the
property sector rose 1.3%, while energy
stocks added 1.5%, due to firmer oil prices.
US-China trade relations look amicable
ahead of the New Year. US Presidents Donald
Trump and Chinese President Xi Jinping talked
over the phone on Sunday, and expressed
willingness to strike a trade deal afterwards.
The two leaders called a 90-day ceasefire in
the trade war at the start of the month.
The Hang Seng’s sub index for the IT
hardware makers , which were caught in the
trade war crossfire earlier this year, ended
the session up 1.7%.
The phone call between Trump and Xi was
the main driver behind Hong Kong stocks’
performance on Monday, said Ben Kwong,
head of research at KGI Asia, adding that: “The
market expects more progress in the US-China
trade talks. That, and the festive atmosphere,
pushed the main (Hang Seng) index higher
in today’s (Monday) half-day trading.”
The sub index tracking the information
technology sector climbed 1.2%, thanks to
a rally in shares of Tencent Holdings, the
most actively traded stock in Hong Kong.
Tencent climbed after China approved the
release of 80 new video games on Saturday,
ending a freeze on games for much of 2018.
The news helped Tencent’s shares gain even
though the company’s games were not in
the approval list.
“I think 80 is a relatively small number,
but it marks a change in policy,” said Steven
Leung, director of sales at brokerage UOB
Kay Hian in Hong Kong. “There will probably
be more approvals, gradually coming out,
at the start of next year.”
Chinese economic growth, another driver
for Hong Kong equities, continues to look
lacklustre.
In December, the country’s factory activity
contracted for the first time in more than two
years, but services activity picked up after a
two-month slowdown, according to official
data released on Monday morning.
US — Wall Street rises, limps across
the finish line of a turbulent year
NEW YORK: Wall Street advanced in low-
volume trading on Monday as revellers
gathered to ring in 2019, marking the end
of the worst year for US stocks since 2008,
the height of the financial crisis.
Wall Street entered correction territory
in late January and was challenged for much
of 2018 by tariff jitters, rising interest rates,
and fears of diminishing corporate profits.
“Investors got complacent,” said Thomas
Martin, senior portfolio manager at Globalt
Investments in Atlanta. “People were
positioned for the lack of volatility, and when
that changed because of trade concerns and
interest rates, people started repositioning
and that started the cascade.”
December was a particularly trying month
for US equities. The S&P 500 Index saw its worst
December since the Great Depression and the
Nasdaq confirmed it was in a bear market, or
20% below its high. All three are down about
9% since the beginning of the month.
In the new year, investors hope for the
removal of question marks that acted as
significant headwinds in 2018, including
US-China trade negotiations, the path of
US Federal Reserve (Fed) interest rate hikes,
slowing corporate growth and economic
fallout from the upcoming departure of
Britain from the European Union, or Brexit,
among other concerns.
As 2019 gets underway, “investors will be
looking to corporate earnings, what happens
with the trade negotiations and the body
language of the Fed,” Martin added.
On Monday, renewed hopes for a
resolution to the US-China trade dispute
provided a glimmer of optimism for investors.
US President Donald Trump indicated on
Twitter that progress had been made towards a
potential settlement of trade tensions between
the US and China which have plagued stock
markets for much of the year.
Trading volume was relatively light, owing
to the holiday as the US federal government
shutdown entered its tenth day.
Healthcare and tariff-sensitive technology
stocks, led by Boeing Co and Caterpillar Inc,
provided the biggest boost to the S&P 500
on Monday.
The Dow Jones Industrial Average rose
265.06 points or 1.15% to 23,327.46; the S&P
500 gained 21.11 points or 0.85% to 2,506.85;
and the Nasdaq Composite added 50.76
points or 0.77% to 6,635.28.
All 11 major sectors in the S&P 500 ended
the session in positive territory. But for the
year, only healthcare and utilities ended
2018 higher.
Energy, materials, communication
services, industrials and financials were
the biggest percentage losers of 2018, down
between 14.7% and 20.5% from the beginning
of the year.
The 20.5% drop of energy stocks in 2018
was largely attributable to crude prices
plunging 38% since early October. — Reuters

Hang Seng FT Straits Times Dow Jones Euro STOXX 50 Index

Index points Index points Index points Index points
33800 27500 3900
25,845.70 3700
+341.50 2,774.06
29305 21,056.93 (+1.34%)
3375 23025 3415
2,772.70
24810 3050 18550 2930
10,403.79

20315 2725 14075 23,327.46 2445 3,001.42

3,068.76 +14.89
+15.33 +265.06
(+1.15%) (+0.50%)
2400 (+0.50%) 9600 1960
15820
Mar 1, 2010 Dec 31, 2018 Mar 1, 2010 Dec 31, 2018 Mar 1, 2010 Dec 31, 2018 Mar 1, 2010 Dec 31, 2018

Bursa Malaysia Equity Derivatives

Main Market & Ace Market Warrants YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.120 0.005 — — 514860 UEMS-C60 0.005 — — 0.390 0.970 150.00 31/01/2019
0.150 0.030 — — 514861 UEMS-C61 0.050 — — 0.665 0.800 35.34 30/01/2019
0.305 0.135 — — 710657 SUPERMX-C57 0.205 — — 3.480 2.800 9.91 30/04/2019 0.155 0.015 0.015 0.015 514862 UEMS-C62 0.015 Unch 75 0.665 0.800 24.81 27/02/2019
0.250 0.120 — — 710658 SUPERMX-C58 0.155 — — 3.480 3.300 17.10 20/05/2019 0.210 0.035 — — 514863 UEMS-C63 0.040 — — 0.665 0.850 35.64 31/01/2019
0.260 0.130 0.180 0.175 710659 SUPERMX-C59 0.175 -0.005 80 3.480 3.000 11.35 30/08/2019 0.075 0.030 — — 514864 UEMS-C64 0.030 — — 0.665 0.880 41.35 28/06/2019
0.170 0.095 — — 710660 SUPERMX-C60 0.120 — — 3.480 3.800 26.44 25/06/2019 0.090 0.040 0.050 0.050 514865 UEMS-C65 0.050 0.010 300 0.665 0.750 27.82 28/06/2019
0.095 0.070 — — 710661 SUPERMX-C61 0.085 — — 3.480 4.000 29.60 13/06/2019 0.075 0.005 — — 458810 UMW-C10 0.010 — — 5.470 7.000 29.25 18/03/2019
0.230 0.080 — — 7186WB SWSCAP-WB 0.085 — — 0.660 0.900 49.24 19/07/2023 0.095 0.015 — — 458811 UMW-C11 0.070 — — 5.470 6.100 19.20 28/06/2019
0.100 0.010 — — 7082WB SYF-WB 0.015 — — 0.225 0.700 217.78 11/11/2019 0.270 0.110 0.220 0.210 458812 UMW-C12 0.220 0.025 123.1 5.470 4.600 8.23 30/05/2019
0.128 0.022 0.030 0.030 1538WB SYMLIFE-WB 0.030 -0.005 200 0.330 0.790 148.48 11/11/2020 0.240 0.105 0.210 0.195 458813 UMW-C13 0.210 0.030 86 5.470 4.700 8.96 30/08/2019
0.150 0.055 — — 5012CM TAANN-CM 0.070 — — 2.700 3.000 21.48 15/04/2019 0.225 0.145 0.190 0.190 458814 UMW-C14 0.190 -0.005 6 5.470 4.880 10.05 17/06/2019
0.050 0.020 — — 2429WB TANCO-WB 0.020 — — 0.050 0.050 40.00 23/08/2021 0.250 0.155 0.210 0.190 458815 UMW-C15 0.210 0.025 125.3 5.470 4.800 10.79 28/06/2019
0.300 0.065 — — 7200WA TEKSENG-WA 0.090 — — 0.240 0.250 41.67 29/01/2020 0.140 0.115 0.135 0.120 458816 UMW-C16 0.130 0.015 155 5.470 5.800 20.29 25/06/2019
0.210 0.005 — — 534744 TENAGA-C44 0.005 — — 1.685 16.000 850.59 31/01/2019 0.210 0.120 — — 5005C9 UNISEM-C9 0.185 — — 3.280 2.400 -1.45 30/01/2019
0.170 0.005 0.010 0.010 534746 TENAGA-C46 0.010 Unch 5 9.000 15.000 67.78 31/01/2019 0.050 0.005 — — 524324 VELESTO-C24 0.005 — — 0.180 0.335 90.28 26/03/2019
0.215 0.130 — — 534747 TENAGA-C47 0.130 — — 13.600 14.880 20.88 29/03/2019 0.065 0.045 — — 524325 VELESTO-C25 0.045 — — 0.180 0.380 148.61 15/04/2019
0.165 0.005 0.020 0.015 534748 TENAGA-C48 0.020 0.010 3000.5 13.600 15.880 18.24 18/02/2019 0.260 0.050 0.065 0.060 5243WA VELESTO-WA 0.065 0.010 929.7 0.180 0.395 155.56 18/10/2024
0.050 0.025 — — 534749 TENAGA-C49 0.025 — — 13.600 17.500 30.51 30/04/2019 0.760 0.430 — — 7240WA VERTICE-WA 0.545 — — 0.880 0.500 18.75 31/03/2024
0.190 0.075 0.115 0.105 534750 TENAGA-C50 0.105 Unch 2768.3 13.600 14.400 15.15 28/06/2019 0.355 0.100 0.225 0.205 0120WB VIS-WB 0.215 -0.005 588.6 0.495 0.750 94.95 16/11/2022
0.140 0.055 0.075 0.065 534751 TENAGA-C51 0.065 -0.005 679.4 13.600 14.000 7.72 30/08/2019 0.165 0.045 — — 0097CL VITROX-CL 0.045 — — 6.290 8.800 47.06 29/03/2019
0.105 0.045 — — 534752 TENAGA-C52 0.050 — — 13.600 15.500 17.65 25/06/2019 0.160 0.050 — — 0097CM VITROX-CM 0.050 — — 6.290 8.000 36.72 28/06/2019
0.360 0.100 0.230 0.200 7252WA TEOSENG-WA 0.220 Unch 189 0.965 1.350 62.69 29/01/2020 0.060 0.005 0.005 0.005 0069WC VIVOCOM-WC 0.005 Unch 80 0.020 0.070 275.00 22/01/2020
0.100 0.005 0.005 0.005 0145WA TFP-WA 0.005 -0.005 115 0.095 0.100 10.53 15/02/2019 0.068 0.005 — — 0069WD VIVOCOM-WD 0.010 — — 0.020 0.070 300.00 08/07/2020
2.810 0.750 0.760 0.760 7034WA TGUAN-WA 0.760 -0.040 10 2.200 1.500 2.73 09/10/2019 0.015 0.005 0.010 0.010 0069WE VIVOCOM-WE 0.010 0.005 686 0.020 0.050 200.00 22/08/2023
0.264 0.018 0.060 0.050 7889WB THRIVEN-WB 0.060 Unch 52.8 0.190 0.480 184.21 05/10/2020 1.085 0.310 0.370 0.370 7070WC VIZIONE-WC 0.370 Unch 10 0.855 0.700 25.15 05/02/2022
0.120 0.005 0.020 0.020 7079WC TIGER-WC 0.020 Unch 10 0.090 0.320 277.78 11/02/2021 0.135 0.010 — — 6963C3 VS-C3 0.010 — — 0.730 1.550 116.44 30/01/2019
0.310 0.005 — — 486323 TM-C23 0.005 — — 1.084 5.000 362.41 31/01/2019 0.105 0.020 — — 6963C4 VS-C4 0.020 — — 0.730 1.750 150.68 31/01/2019
0.075 0.005 — — 486324 TM-C24 0.005 — — 2.660 5.550 109.77 31/01/2019 0.165 0.005 — — 6963C5 VS-C5 0.005 — — 0.730 1.600 121.23 29/03/2019
0.155 0.005 0.005 0.005 486325 TM-C25 0.005 Unch 1 2.240 4.000 79.58 31/01/2019 0.150 0.005 — — 6963C6 VS-C6 0.005 — — 0.730 1.850 156.51 26/03/2019
0.230 0.005 0.005 0.005 486326 TM-C26 0.005 Unch 50 1.300 3.500 170.77 30/01/2019 0.040 0.005 — — 6963C7 VS-C7 0.005 — — 0.730 2.000 176.37 20/05/2019
0.170 0.010 0.015 0.015 486327 TM-C27 0.015 0.005 1 2.660 4.500 71.71 29/03/2019 1.248 0.005 — — 6963WA VS-WA 0.005 — — 0.444 1.320 198.42 06/01/2019
0.090 0.005 — — 486328 TM-C28 0.015 — — 2.660 4.000 52.07 31/05/2019 0.060 0.015 — — 967914 WCT-C14 0.015 — — 0.675 1.250 91.85 29/03/2019
0.165 0.050 — — 486333 TM-C33 0.065 — — 2.660 3.000 25.00 28/06/2019 0.065 0.040 — — 967915 WCT-C15 0.040 — — 0.675 1.050 73.33 24/04/2019
0.050 0.020 0.035 0.030 486334 TM-C34 0.035 -0.005 727.7 2.660 3.200 24.25 31/07/2019 0.080 0.075 — — 967916 WCT-C16 0.075 — — 0.675 0.850 59.26 20/05/2019
0.105 0.065 0.095 0.095 486335 TM-C35 0.095 Unch 50 2.660 2.800 24.91 28/06/2019 0.320 0.045 0.060 0.045 9679WE WCT-WE 0.055 Unch 1689.1 0.675 2.080 216.30 27/08/2020
0.185 0.120 0.180 0.170 486336 TM-C36 0.175 0.005 478 2.660 2.200 12.31 28/06/2019 0.180 0.085 0.105 0.090 0162WA WIDAD-WA 0.095 -0.005 1423 0.250 0.350 78.00 05/08/2023
0.220 0.115 0.210 0.205 486337 TM-C37 0.205 -0.005 220 2.660 2.150 3.95 30/09/2019 0.015 0.010 — — 0141WA WINTONI-WA 0.010 — — 0.035 0.100 214.29 23/02/2019
0.160 0.110 — — 486338 TM-C38 0.150 — — 2.660 2.500 22.18 17/06/2019 0.210 0.055 — — 5246CW WPRTS-CW 0.130 — — 3.620 3.450 6.08 31/01/2019
0.190 0.030 0.030 0.030 0101WB TMCLIFE-WB 0.030 Unch 1230 0.730 0.750 6.85 21/06/2019 0.120 0.045 — — 5246CX WPRTS-CX 0.045 — — 3.620 4.200 19.75 24/04/2019
0.465 0.170 0.210 0.205 7285WA TOMYPAK-WA 0.210 Unch 147.9 0.570 0.930 100.00 21/06/2021 0.150 0.095 — — 5246CY WPRTS-CY 0.120 — — 3.620 3.350 5.80 30/08/2019
0.405 0.105 0.160 0.130 711333 TOPGLOV-C33 0.140 -0.010 934.7 5.600 5.500 6.96 29/03/2019 0.020 0.005 — — 0095WA XINGHE-WA 0.005 — — 0.035 0.100 200.00 22/03/2019
0.250 0.055 — — 711334 TOPGLOV-C34 0.055 — — 5.600 6.000 12.05 31/01/2019 0.025 0.015 — — 5155WB XINQUAN-WB 0.015 — — 0.055 0.400 654.55 27/03/2021
0.275 0.070 — — 711335 TOPGLOV-C35 0.080 — — 5.600 6.100 14.64 30/01/2019 0.065 0.005 — — 0165WA XOX-WA 0.005 — — 0.055 0.200 272.73 10/02/2019
0.185 0.060 — — 711336 TOPGLOV-C36 0.085 — — 5.600 6.500 25.18 27/02/2019 0.200 0.150 — — 7003WA Y&G-WA 0.150 — — 0.930 1.000 23.66 16/11/2019
0.165 0.080 — — 711337 TOPGLOV-C37 0.090 — — 5.600 5.500 10.27 28/02/2019 0.135 0.030 — — 7293CS YINSON-CS 0.035 — — 4.200 4.900 20.83 31/01/2019
0.235 0.080 — — 711338 TOPGLOV-C38 0.100 — — 5.600 6.150 16.96 18/02/2019 0.130 0.030 0.030 0.030 7293CT YINSON-CT 0.030 -0.005 50 4.200 4.680 14.64 31/05/2019
0.240 0.050 0.060 0.055 711339 TOPGLOV-C39 0.055 -0.005 389.3 5.600 6.440 21.88 28/02/2019 0.140 0.075 — — 7293CU YINSON-CU 0.075 — — 4.200 4.600 19.35 15/03/2019
0.185 0.100 — — 711340 TOPGLOV-C40 0.105 — — 5.600 5.900 18.48 26/03/2019 0.120 0.065 — — 7293CV YINSON-CV 0.070 — — 4.200 4.950 27.86 30/05/2019
0.180 0.085 0.095 0.090 711341 TOPGLOV-C41 0.095 -0.015 91.8 5.600 6.000 15.63 28/06/2019 0.095 0.010 — — 7020WB YKGI-WB 0.010 — — 0.105 0.500 385.71 28/05/2020
0.245 0.120 0.155 0.140 711342 TOPGLOV-C42 0.140 -0.005 1003.7 5.600 5.800 17.32 31/05/2019 1.220 0.135 0.160 0.150 7066WA YONGTAI-WA 0.160 0.005 402.8 0.365 0.500 80.82 24/06/2020
0.275 0.145 0.170 0.170 711343 TOPGLOV-C43 0.170 Unch 500 5.600 5.880 20.18 17/06/2019 0.250 0.015 — — 467719 YTL-C19 0.015 — — 1.010 1.200 20.30 28/02/2019
0.145 0.110 0.135 0.125 711344 TOPGLOV-C44 0.125 -0.005 853 5.600 6.600 30.13 31/07/2019 0.195 0.055 — — 467720 YTL-C20 0.055 — — 1.010 1.150 24.75 30/01/2019
0.260 0.110 0.115 0.110 7173WB TOYOINK-WB 0.110 -0.005 467.9 0.620 1.500 159.68 06/11/2023 0.135 0.040 — — 467721 YTL-C21 0.050 — — 1.010 1.300 41.09 31/01/2019
0.270 0.110 — — 7176WA TPC-WA 0.135 — — 0.335 0.200 0.00 19/01/2021 0.200 0.065 — — 467722 YTL-C22 0.065 — — 1.010 1.180 29.70 29/03/2019
0.035 0.005 — — 0118WB TRIVE-WB 0.005 — — 0.015 0.090 533.33 28/08/2020 0.105 0.005 — — 6742C3 YTLPOWR-C3 0.005 — — 0.830 1.150 40.12 31/01/2019
0.230 0.040 0.060 0.055 5401WA TROP-WA 0.055 0.005 280 0.890 1.000 18.54 06/12/2019 0.160 0.040 — — 6742C4 YTLPOWR-C4 0.045 — — 0.830 1.150 46.69 30/01/2019
0.170 0.030 — — 5042WB TSRCAP-WB 0.055 — — 0.350 0.700 115.71 28/12/2020 0.085 0.005 — — 6742C5 YTLPOWR-C5 0.005 — — 0.420 1.300 210.71 31/05/2019
0.125 0.070 — — 7100CD UCHITEC-CD 0.080 — — 2.540 3.276 39.31 15/03/2019 0.045 0.005 — — 2283WA ZELAN-WA 0.005 — — 0.025 0.250 920.00 25/01/2019
0.150 0.045 — — 7100CE UCHITEC-CE 0.045 — — 2.540 3.300 35.24 24/04/2019
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on December 28, 2018) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook. The US Federal Reserve’s (Fed) puzzle: caught between markets and macro
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE The US central bank sent a somewhat muddled message the previous week. It raised rates,
AEON CO. (M) (133,500) EMPLOYEES PROVIDENT FUND BOARD 182,894,300 24/12 but slowed the path going forward. It said the US is strong, but also that there’s a lot of
AXIS REAL ESTATE 10,000,000 AMANAHRAYA TRUSTEE 110,000,000 26/12
INVESTMENT TRUST - AMANAH SAHAM BUMIPUTERA
“angst” about growth and the health of the world economy. Meanwhile, US conditions
BURSA MALAYSIA 150,000 KUMPULAN WANG PERSARAAN 97,698,150 27/12 seem strong, even as markets melt down and feel the Fed has gone too far.
(DIPERBADANKAN)
CAHYA MATA SARAWAK (122,400) EMPLOYEES PROVIDENT FUND BOARD 118,884,627 20 & 21/12
CAHYA MATA SARAWAK 242,800 DATO SRI SULAIMAN ABDUL RAHMAN TAIB 107,561,555 24 & 26/12
COASTAL CONTRACTS (50,000) SAMARANG UCITS - SAMARANG ASIAN 35,493,700 26/12
PROSPERITY
COMPUGATES 3,430,000 GOH KHENG PEOW 347,627,010 27/12
DAYANG ENTERPRISE (76,367,600) LEMBAGA TABUNG HAJI 28/12
DIGI.COM (977,200) EMPLOYEES PROVIDENT FUND BOARD 1,143,032,086 24/12
GAMUDA (200,000) EMPLOYEES PROVIDENT FUND BOARD 282,182,205 24/12
GRAND-FLO 12,600,000 AI CAPITAL 24,600,000 24/12
HAI-O ENTERPRISE 131,600 AKINTAN 23,095,913 26 & 27/12
HOVID 13,258,200 FAJAR ASTORIA 491,807,450 26 & 27/12
ICON OFFSHORE (103,611,268) LEMBAGA TABUNG HAJI 28/12
IHH HEALTHCARE 159,500 EMPLOYEES PROVIDENT FUND BOARD 737,495,500 24/12
IJM CORPORATION (227,307,500) LEMBAGA TABUNG HAJI 28/12
IJM CORPORATION 451,300 EMPLOYEES PROVIDENT FUND BOARD 528,596,818 24/12
INARI AMERTRON (10,000,000) INSAS TECHNOLOGY 439,769,375 26/12
INTA BINA GROUP 344,800 LIM OOI JOO 230,009,450 24 & 26/12
INTA BINA GROUP 200,000 TEO HOCK CHOON 47,302,850 24 & 26/12
INTEGRATED LOGISTICS (20,584,783) LEMBAGA TABUNG HAJI 28/12
IOI CORPORATION 123,500 EMPLOYEES PROVIDENT FUND BOARD 788,453,473 24/12
IRIS CORPORATION (55,000,000) CAPRICE DEVELOPMENT 198,718,405 26/12
IRIS CORPORATION 222,690,200 ORIENTAL GOLD EQUITY 222,690,200 26/12
IRIS CORPORATION 42,800,000 LING HEE KEAT 42,800,000 24/12
KOSSAN RUBBER INDUSTRIES (103,100) EMPLOYEES PROVIDENT FUND BOARD 97,238,000 21 & 24/12
KSL (71,800,000) LEMBAGA TABUNG HAJI 28/12
KUALA LUMPUR KEPONG (744,000) EMPLOYEES PROVIDENT FUND BOARD 127,653,988 24/12
LION INDUSTRIES (44,026,800) LEMBAGA TABUNG HAJI 28/12
LKL INTERNATIONAL 28,771,990 AI CAPITAL 28,771,990 24/12
MAH SING GROUP (139,994,900) LEMBAGA TABUNG HAJI 28/12
MALAKOFF CORPORATION (500,000,000) LEMBAGA TABUNG HAJI 28/12
MALAYSIA MARINE (105,619,000) LEMBAGA TABUNG HAJI 28/12
AND HEAVY ENGINEERING
MANAGEPAY SYSTEMS 400,000 CHIN SHEA FONG 36,110,516 27 & 28/12
MCT (13,348,000) LEMBAGA TABUNG HAJI 28/12
MERGE ENERBY 345,800 CERDIK CEMPAKA 20,269,900 27/12
MI EQUIPMENT HOLDING 200,000 OH KUANG ENG 340,200,394 26 & 27/12
NAIM (24,827,200) LEMBAGA TABUNG HAJI 28/12
NI HSIN RESOURCES 200,000 KHOO CHEE KONG 23,737,500 27/12
OSK 265,000 OSK EQUITY 564,456,273 26 & 27/12
PARKSON (105,908,219) LEMBAGA TABUNG HAJI 28/12
PELIKAN INTERNATIONAL (157,185,498) LEMBAGA TABUNG HAJI 28/12
CORPORATION
PENTAMASTER CORPORATION 448,800 KUMPULAN WANG PERSARAAN 40,262,000 27/12
(DIPERBADANKAN)
PESTECH INTERNATIONAL 150,000 LIM AH HOCK 256,620,168 27/12
PETERLABS 100,000 TEO CHIN HENG 18,630,109 26/12
PINTARAS JAYA (11,352,100) LEMBAGA TABUNG HAJI 28/12
PUBLIC BANK (145,500) EMPLOYEES PROVIDENT FUND BOARD 483,480,896 24/12
PUNCAK NIAGA (44,073,600) LEMBAGA TABUNG HAJI 28/12
QL RESOURCES (593,700) EMPLOYEES PROVIDENT FUND BOARD 101,412,560 24/12
SARAWAK CONSOLIDATED 1,377,000 WEE SONG CHING 6,023,100 26 & 27/12
INDUSTRIES
SERBA DINAMIK 83,000 EMPLOYEES PROVIDENT FUND BOARD 101,050,800 24/12
SERBA DINAMIK 3,000,000 KUMPULAN WANG PERSARAAN 122,100,700 27/12
(DIPERBADANKAN)
STAR MEDIA GROUP (39,806,300) LEMBAGA TABUNG HAJI 28/12
TA ENTERPRISE 740,900 DATUK TIAH THEE KIAN 683,767,900 24, 26
& 27/12
TELEKOM MALAYSIA 817,900 EMPLOYEES PROVIDENT FUND BOARD 608,936,077 24/12
TENAGA NASIONAL 404,800 AMANAHRAYA TRUSTEE 513,590,100 26/12
Stocks closest to year high Stocks closest to year low
- AMANAH SAHAM BUMIPUTERA STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
TH HEAVY ENGINEERING (334,162,107) LEMBAGA TABUNG HAJI 28/12 (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
TIGER SYNERGY 17,300,000 DATO’ TAN WEI LIAN 117,705,000 27/12 PNEPCB 0.570 0.500 0.570 10.1 SUCCESS 0.535 0.520 0.520 40.8
TIGER SYNERGY 29,000,000 SEK CHIAN NEE 40,674,500 27/12 BCB 0.260 0.220 0.220 1163.7
AEONCR-LA 1.600 1.470 1.600 10.4
TIME DOTCOM 194,300 KUMPULAN WANG PERSARAAN 66,740,048 27/12
PBBANK-C30 0.150 0.150 0.150 20 APM 2.750 2.680 2.680 146.9
(DIPERBADANKAN)
TOMYPAK (3,800,000) NEW ORIENT RESOURCES 94,492,752 26 & 27/12 MISC-C19 0.170 0.165 0.170 64.7 ORNA 0.930 0.890 0.890 15
UEM SUNRISE (348,871,500) LEMBAGA TABUNG HAJI 28/12 HUBLINE-WC 0.020 0.010 0.015 53752.2 HARNLEN 0.340 0.340 0.340 1
VIZIONE 154,900 DATO’ NG AUN HOOI 82,144,206 27/12 SPSETIA-C11 0.180 0.155 0.155 166 SHL 2.200 2.180 2.180 3
WESTPORTS 126,200 EMPLOYEES PROVIDENT FUND BOARD 198,082,800 24/12 ROHAS 0.720 0.680 0.680 3
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder 3A 0.780 0.700 0.705 610.1
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with
CIMB-C40 0.035 0.030 0.030 4
Bursa Malaysia. Note: * denotes Ace Market
ATTA-WC 0.080 0.080 0.080 1.7
MCLEAN 0.130 0.105 0.130 115
MYEG-C43 0.020 0.020 0.020 40
Local event to watch out for today AASIA 0.140 0.140 0.140 33
FBMKLCI-H6N 0.325 0.315 0.320 215
HSI-C3V 0.100 0.085 0.095 1942.2
• XiDeLang Holdings Ltd’s special general meeting at Hotel Istana Kuala Lumpur City This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
Centre, Safir I, Ballroom Level, Jalan Raja Chulan, Kuala Lumpur at 10am. could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
profit-taking activities could set in later. bargain hunting could set in later.

Foreign exchange rates

NZ EURO US SWISS BRIT CANADA BRUNEI S’PORE AUST M’SIA CHINA BANGL’H DENM’K UAE INA INDIA JAPAN NORWAY PHIL QATAR SAUDI SWEDEN THAI HK

NZ $ 0.584 0.671 0.659 0.527 0.915 0.914 0.914 0.949 2.7750 4.614 56.299 4.370 2.465 9,647 46.607 73.580 5.797 35.137 2.443 2.517 5.942 21.643 5.255
EURO 1.712 1.149 1.128 0.902 1.567 1.565 1.565 1.626 4.7515 7.901 96.397 7.482 4.220 16,518 79.802 125.988 9.926 60.164 4.183 4.310 10.175 37.058 8.998
US $ 1.490 0.870 0.982 0.785 1.364 1.362 1.362 1.415 4.1350 6.876 83.890 6.512 3.673 14,375 69.448 109.641 8.638 52.358 3.640 3.751 8.854 32.250 7.831
SWISS FR 1.518 0.887 1.019 0.800 1.389 1.388 1.388 1.441 4.2129 7.005 85.470 6.634 3.742 14,646 70.756 111.707 8.801 53.344 3.709 3.822 9.021 32.858 7.978
STERLING £ 1.899 1.109 1.274 1.251 1.738 1.736 1.736 1.803 5.2684 8.760 106.884 8.296 4.680 18,315 88.484 139.693 11.006 66.709 4.638 4.779 11.281 41.090 9.977
CANADA $ 1.093 0.638 0.733 0.720 0.576 0.999 0.999 1.037 3.0320 5.041 61.513 4.775 2.693 10,541 50.923 80.395 6.334 38.391 2.669 2.751 6.493 23.647 5.742
BRUNEI $ 1.094 0.639 0.734 0.720 0.576 1.001 1.000 1.039 3.0353 5.047 61.580 4.780 2.696 10,552 50.978 80.482 6.341 38.433 2.672 2.753 6.500 23.673 5.748
SINGAPORE $ 1.094 0.639 0.734 0.720 0.576 1.001 1.000 1.039 3.0353 5.047 61.580 4.780 2.696 10,552 50.978 80.482 6.341 38.433 2.672 2.753 6.500 23.673 5.748
AUSTRALIA $ 1.053 0.615 0.707 0.694 0.555 0.964 0.963 0.963 2.9226 4.860 59.293 4.602 2.596 10,160 49.086 77.494 6.105 37.006 2.573 2.651 6.258 22.794 5.535
MALAYSIA RM 0.360 0.210 0.242 0.237 0.190 0.330 0.329 0.329 0.342 1.0000 1.663 20.288 1.575 0.888 3,476 16.795 26.515 2.089 12.662 0.880 0.907 2.141 7.799 1.894
100 CHINESE RMB 21.672 12.657 14.544 14.275 11.415 19.835 19.814 19.814 20.578 60.1410 1,220 94.707 53.419 209,077 1,010.077 1,595 125.634 761.510 52.949 54.557 128.782 469.056 113.890
100 BANGLAD’H TAKA 1.776 1.037 1.192 1.170 0.936 1.626 1.624 1.624 1.687 4.9291 8.196 7.762 4.378 17,136 82.784 130.696 10.297 62.412 4.340 4.471 10.555 38.443 9.334
100 DANISH KRONER 22.884 13.365 15.357 15.073 12.053 20.944 20.921 20.921 21.728 63.5020 105.59 1,288 56.404 220,761 1,066.53 1,684 132.66 804.07 55.91 57.61 135.98 495.27 120.25
100 UAE DIRHAM 40.571 23.694 27.227 26.724 21.370 37.132 37.092 37.092 38.522 112.5844 187.20 2,284 177.29 391,394 1,891 2,985 235.19 1,426 99.12 102.13 241.08 878.08 213.20
1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.009 0.009 0.010 0.0288 0.048 0.584 0.045 0.026 0.483 0.763 0.060 0.364 0.025 0.026 0.062 0.224 0.054
100 INDIA RUPEE 2.146 1.253 1.440 1.413 1.130 1.964 1.962 1.962 2.037 5.9541 9.900 120.796 9.376 5.289 20,699 157.875 12.438 75.391 5.242 5.401 12.750 46.438 11.275
100 JAPAN YEN 1.359 0.794 0.912 0.895 0.716 1.244 1.243 1.243 1.290 3.7714 6.271 76.513 5.939 3.350 13,111 63.341 7.878 47.754 3.320 3.421 8.076 29.414 7.142
100 NORWEGIAN KRONER 17.250 10.075 11.577 11.363 9.086 15.788 15.771 15.771 16.379 47.8700 79.596 971 75.383 42.519 166,418 803.984 1,269 606.134 42.145 43.426 102.505 373.351 90.652
100 PHILIPPINE PESO 2.846 1.662 1.910 1.875 1.499 2.605 2.602 2.602 2.702 7.8976 13.132 160.225 12.437 7.015 27,456 132.641 209.408 16.498 6.953 7.164 16.911 61.596 14.956
100 QATAR RIYAL 40.931 23.905 27.469 26.961 21.559 37.462 37.421 37.421 38.864 113.5833 188.862 2,304 178.866 100.887 394,866 1,908 3,012 237.274 1,438 103.038 243.219 885.868 215.094
100 SAUDI RIYAL 39.724 23.200 26.659 26.166 20.924 36.357 36.317 36.317 37.718 110.2343 183.293 2,236 173.592 97.913 383,224 1,851 2,923 230.278 1,396 97.052 236.048 859.748 208.752
100 SWEDISH KRONOR 16.829 9.828 11.294 11.085 8.864 15.402 15.386 15.386 15.979 46.7000 77.651 947.440 73.541 41.480 162,350 784.333 1,238 97.556 591.319 41.115 42.364 364.226 88.436
100 THAI BAHT 4.620 2.698 3.101 3.043 2.434 4.229 4.224 4.224 4.387 12.8217 21.319 260.124 20.191 11.389 44,574 215.342 339.972 26.784 162.349 11.288 11.631 27.455 24.281
100 HK$ 19.029 11.114 12.771 12.534 10.023 17.416 17.397 17.397 18.068 52.8063 87.804 1,071.324 83.157 46.904 183,578 886.890 1,400 110.312 668.637 46.491 47.904 113.076 411.851
Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
WED N ES DAY JA N UA RY 2, 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

Long Rolls - KLCI futures US Dollar Klibor
FKLI
Index points Open Interest Index points USD Index Implied interest rate (%)
105.0
18.00
1980 1,692.00 90000 -2.50 4.5
(+5.00) (-4.50) 3.78
(Unch)
1785 4.75 96.5
68000
3.5

1590 46000 -8.50 88.0

95.877
(-0.296) 2.5
1395 24000 -21.75 79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Dec 31, 2018 Jan 4, 2010 Dec 31, 2018 Oct 2, 2006 Jan 1, 2019 Oct 1, 2000 Dec 31, 2018

KLCI futures end higher FBM KLCI futures US dollar ends strongest year Klibor
despite mixed cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
since 2015 on defensive note MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,690.58 -1.49 71.6M The US dollar fell against the yen and euro MAR9 96.22 — — —
JUN9 96.22 — — —
Malaysia Derivatives ended higher on DEC 18 1,692.00 5.00 2,268 5,077 -7,224 in thin year-end trading on Monday as SEP9 96.22 — — —
Monday, despite the mixed underlying JAN 19 1,691.50 3.00 5,364 24,012 266
optimism about progress in the US-China DEC9 96.22 — — —
MAR 19 1,688.00 4.00 198 647 28
cash market. JUN 19 1,679.00 4.00 54 201 3
trade dispute hurt its safe-haven allure, MAR0 96.22 — — —
December 2018 rose five points to TOTAL but the greenback stayed on track to log its JUN0 96.22 — — —
7,884 29,937 -6,927
SEP0 96.22 — — —
1,692; January 2019 added three points to strongest annual performance in three years. DEC0 96.22 — — —
1,691.5; March 2019 and June 2019 both FUTURESDEC/JAN
ROLL OVER BID
-0.5
OFFER
-1.0
CLOSE
-2.5
“The US dollar is heading into the end of the MAR1 96.22 — — —
increased four points each to 1,688 and calendar year on the defensive as global stocks JUN1 96.22 — — —
1,679 respectively. Turnover retreated to FUTURES FAIR VALUE — bearing in mind that some markets are SEP1 96.22 — — —
DEC1 96.22 — — —
7,884 lots from 9,130 lots last Friday, while CONTRACT
DEC 18
DAYS TO EXPIRY
1
KLIBOR DIVIDEND FAIR VALUE
0.00 0.00 0.00
done for the year already — perk up following MAR2 96.22 — — —
open interest narrowed to 29,937 contracts JAN 19 32 4.93 0.27 4.66 positive comments on US-China trade from JUN2 96.22 — — —
versus 31,757 contracts. ROLL’S FAIR 4.66 US President Donald Trump,” Shaun Osborne, SEP2 96.22 — — —
The underlying benchmark KLCI finished chief foreign exchange strategist at Scotiabank DEC2 96.22 — — —
MAR3 96.22 — — —
1.49 points weaker at 1,690.58. in Toronto, said in a note.
JUN3 96.22 — — —
Singaporean and Malaysian stocks rose Equities around the world rose on SEP3 96.22 — — —
on Monday in thin year-end trading as a Monday as hints of progress on the Sino- JAN-00 — — — —
phone call between US and Chinese leaders US trade standoff provided optimism in JAN-00 — — — —
spurred hopes that the two economic could ease their damaging trade standoff. what has been a punishing end of year for JAN-00 — — — —
TOTAL 0 0
heavyweights would reach a deal that — Agencies markets globally. — Reuters

Commodities 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 vs Soyoil Crude Oil

Gold
US$/troy oz
CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl
1980
4200 200000 6400 0.700 155.00
2,119 0.282
3450
(-2)
5075 (RM2,568/tonne) 0.525 121.25
1660 1,281.30
152500 (-1.70)
45.41
(+0.08) 1340
2700 105000 3750 0.350 87.50

1950 53.75 1020

57500 2425 0.175
2,119
1200 (-2) 700
10000 20.00
1100 0.000
Jan 6, 2008 Dec 31, 2018 Apr 10, 2007 Dec 31, 2018 Aug 31, 2008 Dec 31, 2018
Jan 6, 2008 Dec 31, 2018

Palm oil closes lower; clocks CPO futures Oil posts first year of Commodities

2nd straight yearly fall CONTRACT

JAN-19
LAST
2,003
CHANGE
-10
VOLUME
275
OPEN CHANGE IN
INTEREST OPEN INTEREST
6,018 -134
losses since 2015 AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,119 -2
RUBBER SEN/KG MRB 521.50 -4.00
FEB-19 2,073 -2 2,232 23,462 -1,342
Malaysian palm oil futures closed slightly Oil prices ended with full-year losses for the CORN USC/BSH CBOT 375.00 -0.50
MAR-19 2,119 -2 8,486 51,176 -4,028
SOYBEANS USC/BSH CBOT 882.50 -0.25
down on Monday as a stronger ringgit APR-19 2,161 1 2,588 44,687 -1,208 first time since 2015, after a desultory fourth
WHEAT USC/BSH CBOT 503.25 -8.25
weighed on the last trading day of 2018, MAY-19 2,185 UNCH 1,101 32,375 103 quarter that saw buyers flee the market LIVE CATTLE USC/IBS CME 126.25 -0.15
charting a second consecutive year of CPO FUTURES CPO/SOYOIL over growing worries about a supply glut COCOA US$/TON NYBOT 2,462 25
declines as high inventories and weak INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) and mixed signals related to renewed US COFFEE USC/IBS NYBOT 104.90 0.80
JAN/FEB -70 -74.29
demand pushed down prices. JAN/MAR -122 3 MONTHS AVERAGE -72.71
sanctions on Iran. SUGAR USC/IBS NYBOT 12.14 -0.30
The benchmark palm oil contract for JAN/APR For the year, US crude slumped nearly COTTON USC/IBS NYC 74.63 0.11
-158 6 MONTHS AVERAGE -85.37
March delivery on Bursa Malaysia Derivatives FEB/MAR -52 25%, while Brent tumbled more than 19.5%. METAL & PRECIOUS METALS
TIN US$/TON KLTM 19,550 50
closed 0.1% lower to RM2,119 a tonne, SGS & ITS EXPORT ESTIMATES (TONNES) The market had been on track for solid COPPER USC/IBS CMX 2.6310 -0.0505
snapping two earlier sessions of gains, and SHIPMENT DAYS OCT’18 NOV’18 DEC’18 gains for the year until October, when the GOLD US$/TROY OZ CMX 1,281.30 -1.70
was down 15.3% for the year. 1 - 10TH DAYS 352/308 352/307 312/299 US granted larger-than-expected waivers PLATINUM US$/TROY OZ NYMEX 799.10 5.00
The market had earlier climbed as much 1 - 15TH DAYS 552/539 552/549 600/524
to importers of Iran’s oil, and as demand PALLADIUM US$/TROY OZ NYMEX 1,181.80 14.80
as 0.9% to a one-week high of RM2,140, but 11 -- 20TH DAYS
25TH DAYS
912/891
1,085/1,096
823/793
1,074/1,040
879/847
1,078/974
in emerging economies started to sag. SILVER USC/TROY OZ CMX 15.49 0.10
later pared some gains on a stronger ringgit FULL MONTH That combination dragged down both ALUMINIUM RMB/TON SHF 13,645 -110
1,428/1,394 1,241/1,250 —/—
ZINC RMB/TON SHF 20,595 70
and profit taking, traders said. MALAYSIAN PALM OIL BOARD benchmarks from four-year highs above US$76
“Further appreciation in the local AUG’18 SEP’18 OCT’18 NOV’18 a barrel and US$86 a barrel, respectively, and ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 45.41 0.08
currency and profit-taking interest capped PRODUCTION 1,622 1,854 1,965 1,845 even a late-year decision by Opec and its allies HEATING OIL USC/GAL NYMEX 1.6699 0.0190
upside movements,” a Kuala Lumpur-based EXPORT STOCKS
1,100
2,489
1,619
2,541
1,571
2,722
1,375
3,007
including Russia, known collectively as Opec+, NATURAL GAS US$/MMBTU NYMEX 2.851 -0.297
trader said. to ratchet down output was not enough to BRENT CRUDE US$/BBL ICE 54.15 0.94
MPOB palm oil physical
Gains in the ringgit, palm oil’s traded restore bullish sentiment. — Reuters GAS OIL US$/TON ICE 504.75 11.50
currency, usually make the edible oil more (IN RM/TON) JAN’19 FEB’19 MAR’19

expensive for foreign buyers. The ringgit had CPO DELD

PK EX-MILL
1,983.00 NO TRADE NO TRADE
1,490.00 NO TRADE NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
strengthened by 0.5% to its strongest levels CPKO DELD NO TRADE NO TRADE NO TRADE Sen/Kg
Sen/Kg
in three months, and was last at 4.13 per US RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
dollar on Monday evening. RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
In other related oils, the US Chicago Board RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 379.00 1475 521.50
(-0.50)
of Trade January soybean oil contract was up MPOB FFB REF PRICE (MILL GATE PRICE) (-4.00)

0.3% , in line with gains in soybean prices. REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
US soybean futures climbed to their NORTH 20.00% 402 19.00% 383 18.00% 364
highest in more than a week on Monday, SOUTH 20.00% 415 19.00% 395 18.00% 376
500 625
buoyed by hints of improved trade relations CENTRAL 20.00% 412 19.00% 392 18.00% 373
between Washington and Beijing that could EAST COAST 20.00% 401 19.00% 382 18.00% 363 300 200

boost China’s soybean purchases. — Reuters SABAHSARAWAK

22.00% 393
22.00% 398
21.00% 375
21.00% 380
20.00% 358
20.00% 362
Jan 7, 2007 Dec 31, 2018 Jan 7, 2007 Dec 31, 2018
 Markets
32 WEDN ESDAY JAN UARY 2 , 2 0 1 9 • TH EEDGE FI 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 ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S . B U R SA M A L AY S I A E Q U I T Y D E R I VAT I V E S PA G E 2 9
RESEARCH: TAI TS [tai@bizedge.com] 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

KLCI 1,690.58 1.49 FBM ACE 4,317.49 57.29 FTSTI 3,068.76 15.33 NIKKEI 20,014.77 62.85 HANG SENG 25,845.70 341.50 DOW JONES 23,327.46 265.06

What is right to be done cannot be done too soon. Market movers

— Jane Austen
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES TURNOVER CHANGE CHANGE PRICE PE DIVIDEND
FBM KLCI & KLCI futures intraday (‘000) (RM) (%) (RM) RATIO YIELD (%)
STOCK VOLUME CHANGE CHANGE CLOSE HIGH LOW SAPNRG 71,102.9 0.005 1.75 0.290 — 2.44
('000) (%) (RM) (RM) (RM) (RM) HUBLINE-WC 53,752.2 UNCH UNCH 0.015 — 0.00
Index point
1701.0 KL Composite Index HUBLINE-WC 53,752 0.00 0.000 0.015 0.020 0.010 HUBLINE 48,724.6 UNCH UNCH 0.045 — 0.00
1699.6 KNM 32,291 -6.25 -0.005 0.075 0.085 0.075 VS 45,728.1 0.010 1.39 0.730 8.27 5.42
1698.2 DESTINI 31,098 -8.89 -0.020 0.205 0.245 0.205 MYEG 35,994.6 UNCH UNCH 0.975 46.43 1.74
1696.8 KLCI futures HSI-C5B 27,634 10.45 0.035 0.370 0.380 0.345 PRESBHD 34,170.3 0.030 7.06 0.455 42.08 4.00
1695.4 GBGAQRS-WB 21,903 21.88 0.035 0.195 0.240 0.160 INARI 32,471.0 0.020 1.35 1.500 17.23 4.37
1694.0 1,690.58 HSI-H4O 18,924 -18.84 -0.065 0.280 0.305 0.270 KNM 32,290.7 -0.005 -6.25 0.075 — 0.00
(-1.49) NAIM 18,876 -2.20 -0.010 0.445 0.500 0.445 DESTINI 31,098.1 -0.020 -8.89 0.205 50.00 0.00
1692.6
BARAKAH 16,963 33.33 0.015 0.060 0.065 0.045
1691.2 1,692.00 HSI-C5B 27,634.1 UNCH UNCH 0.370 — 0.00
(+5.00) IRIS 16,235 7.41 0.010 0.145 0.150 0.135 ARMADA 25,307.8 -0.005 -3.13 0.155 — 1.07
1689.8 REACH-WA 13,684 7.69 0.005 0.070 0.075 0.065 SANICHI 24,624.1 UNCH UNCH 0.060 — 0.00
1688.4 HSI-C3X 10,916 3.95 0.015 0.395 0.415 0.385 HIBISCS 23,396.4 0.015 1.82 0.840 4.46 0.00
1687.0 MITRA 8,870 1.82 0.005 0.280 0.320 0.280 GBGAQRS-WB 21,902.7 0.035 21.88 0.195 — 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
HSI-H4W 8,621 -8.00 -0.030 0.345 0.350 0.325 FGV 18,966.4 UNCH UNCH 0.715 — 7.34
INIX 8,359 13.33 0.010 0.085 0.095 0.075 HSI-H4O 18,923.8 UNCH UNCH 0.280 — 0.00
Daily FBM KLCI GBGAQRS 8,135 22.14 0.155 0.855 0.930 0.705 NAIM 18,876.4 -0.010 -2.20 0.445 — 0.00
SUNREIT 7,581 -0.57 -0.010 1.730 1.770 1.730 MRCB 17,062.9 0.010 1.65 0.615 10.94 2.89
KL Composite Index Moving average - 20-day BARAKAH 16,963.3 0.015 33.33 0.060 — 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
2030.0 traded for a particular counter on the previous trading day is more than triple the average volume for the PERMAJU 16,783.0 -0.005 -1.45 0.340 — 0.00
1,690.58 last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
(-1.49)
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5
UP CHANGE
DOWN
KLCI lower as Malaysian
CHANGE
CLOSE (RM)
1,672.36 CLOSE (RM)
1425.0
PETDAG 26.500 0.340 HLFG 18.560 -0.300

1122.5
markets wrap up 2018 PETGAS
MANULFE
19.200
2.500
0.200
0.180
SCIENTX
DLADY
8.850
62.000
-0.300
-0.200
PMBTECH-WA 1.670 0.170 AJI 19.400 -0.200
KUALA LUMPUR: The FBM KLCI closed 1.49 points or 0.09% GBGAQRS 0.855 0.155 KLCC 7.660 -0.180
820.0 lower on the final trading day of the year on Monday after UMW 5.470 0.150 CFM 1.170 -0.160
Jan 2, 2008 Dec 31, 2018 investors took profit and as they evaluated China’s weaker CHHB 1.460 0.140 UTDPLT 25.500 -0.140
purchasing managers’ index data. KESM 7.670 0.140 SCICOM 1.050 -0.140
900
The KLCI settled at 1,690.58 points at 5pm for a year-to- AEONCR-LA 1.600 0.130 PGLOBE 1.020 -0.130
GENP-WA 2.100 0.130 RAPID 5.800 -0.130
date decline of 5.9%. Investors took profit on Monday after
600 MISC 6.700 0.120 SPSETIA 2.330 -0.120
the KLCI rose to its intraday high of 1,701.1 points amid crude SAM 7.360 0.110 APOLLO 3.630 -0.120
300 oil price gains.
The biggest decliners, in percentage terms, among the Top gainers and losers (ranked by percentage)
0
KLCI’s 30 component stocks were Maxis Bhd and Hong

 
Volume (’mil)
Leong Financial Group Bhd, while gainers were led by MISC UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
Bhd and Sime Darby Bhd. Maxis and Hong Leong Financial
FBM KLCI futures shares were down 2% and 1.59% respectively. MISC and Sime VIVOCOM-WE 0.010 100.00 HARTA-C11 0.010 -66.67
CENSOF-WB 0.010 100.00 TFP-WA 0.005 -50.00
CONTRACT SETTLEMENT CHANGE HIGH LOW
Darby Bhd gained 1.82% and 1.69% respectively.
MQTECH-WA 0.010 100.00 EAH-WD 0.005 -50.00
DEC 18 1,692.00 5.00 1,699.00 1,688.00 On the KLCI, Inter-Pacific Research Sdn Bhd head of TENAGA-C48 0.020 100.00 LAMBO-WA 0.005 -50.00
JAN 19 1,691.50 3.00 1,703.00 1,689.00 research Pong Teng Siew wrote in a note on Monday: “If PDZ-WB 0.010 100.00 DBE-WB 0.005 -50.00
MAR 19 1,688.00 4.00 1,697.50 1,685.50
corporate earnings continue their disappointing trajectory MAHSING-WC 0.020 100.00 MYEG-C43 0.020 -50.00
and turn in flat for the year, our expectation (is) that the KLCI NEXGRAM-WB 0.010 100.00 MBSB-C15 0.010 -50.00
FBM KLCI sensitivity* may fall to as low as 1,538 some time in first half of 2019. This NEXGRAM-WA 0.010 100.00 JAG-WB 0.005 -50.00
NEXGRAM-WC 0.010 100.00 FITTERS-WB 0.015 -40.00
KLCI CHANGE CLOSE VOLUME is still a developing scenario.
POINTS (RM) (RM) ('000) E&O-WB 0.010 100.00 HSI-C3Q 0.010 -33.33
MISC 1.22 0.120 6.700 1550.3
“Already, our plot of foreign funds’ net invested sums HUBLINE-WB 0.010 100.00 MFLOUR-LR 0.010 -33.33
NESTLE MALAYSIA 0.84 0.000 147.400 73.7 currently using February 2011 as a benchmark, has again BURSA-C18 0.010 100.00 HSI-C3R 0.010 -33.33
PPB GROUP 0.62 -0.120 17.580 404.6 swung over into deeply underweight levels. Why we fear fresh
PETRONAS GAS 0.53 0.200 19.200 294.6 lows will be made for the KLCI is these allocations may yet get Top gainers and losers - warrants (ranked by percentage)
SIME DARBY PLANTATION 0.43 -0.020 4.760 2282.3 pared down to even more severely underweight levels during
TOP GLOVE CORPORATION 0.36 -0.060 5.600 4173.8 UP CHANGE DOWN CHANGE
PRESS METAL -0.27 0.010 4.830 2272.5
periods when the US economy is mired in a recession and/or CLOSE (%) CLOSE (%)
IOI CORPORATION -0.28 -0.020 4.450 1396.6 a global crisis of some form unfolds.” — by Tan Xue Ying VIVOCOM-WE 0.010 100.00 HARTA-C11 0.010 -66.67
PETRONAS DAGANG -0.38 0.340 26.500 77.8
World equity indices CENSOF-WB 0.010 100.00 TFP-WA 0.005 -50.00
HONG LEONG FINANCIAL -0.41 -0.300 18.560 239.6 MQTECH-WA 0.010 100.00 EAH-WD 0.005 -50.00
HONG LEONG BANK -0.42 -0.120 20.400 177.9 CLOSE CHANGE CLOSE CHANGE TENAGA-C48 0.020 100.00 LAMBO-WA 0.005 -50.00
IHH HEALTHCARE -0.54 -0.020 5.390 3636.5
DOW JONES 23,327.46 265.06 INDONESIA 6,194.50 3.86 PDZ-WB 0.010 100.00 DBE-WB 0.005 -50.00
CIMB GROUP -0.57 -0.070 5.710 4681.1
S&P 500 2,506.85 21.11 JAPAN 20,014.77 -62.85 MAHSING-WC 0.020 100.00 MYEG-C43 0.020 -50.00
RHB BANK -0.73 0.000 5.290 426.8
NASDAQ 100 6,329.96 41.66 KOREA 2,041.04 12.60 NEXGRAM-WB 0.010 100.00 MBSB-C15 0.010 -50.00
DIALOG GROUP -1.06 0.030 3.110 11436.5
FTSE 100 6,728.13 -5.84 PHILIPPINES 7,466.02 -16.64 NEXGRAM-WA 0.010 100.00 JAG-WB 0.005 -50.00
MAYBANK -1.36 0.070 9.500 9536.1
AUSTRALIA 5,646.40 -7.90 SINGAPORE 3,068.76 15.33 NEXGRAM-WC 0.010 100.00 FITTERS-WB 0.015 -40.00
SUB-TOTAL -2.01
CHINA 2,493.90 10.81 TAIWAN 9,727.41 85.85 E&O-WB 0.010 100.00 MFLOUR-LR 0.010 -33.33
OTHERS 0.52
HONG KONG 25,845.70 341.50 THAILAND 1,563.88 15.51 HUBLINE-WB 0.010 100.00 HSI-C3Q 0.010 -33.33
GRAND TOTAL -1.49
INDIA 36,254.57 -8.39 VIETNAM 892.54 -8.27 BURSA-C18 0.010 100.00 HSI-C3R 0.010 -33.33
* How stock price changes affected the index on the previous trading day

I want an edge! E-mail: hotline@bizedge.com

Phone: (03) 7721 8052/8037/8050
YES, I would like to order The Edge Financial Daily Fax: (03) 7721 8282
at RM1.50 per copy
MY DETAILS
NOTE:
Name
Subscription will be directly with a newsagent in
Company the respective area (subject to services availability)
Delivery address
The Edge will connect you to the newsagent.
You will need to liaise directly with them.

Tel no. Mobile no. Additional delivery charges will be imposed by

newsagents depending on the area
Fax no. Email address

)'
3XEOLVKHGE\7KH(GJH&RPPXQLFDWLRQV6GQ%KG;/HYHO0HQDUD./.1R-DODQ3-80XWLDUD'DPDQVDUD3HWDOLQJ-D\D6HODQJRU0DOD\VLD
3ULQWHGE\8OWLPDWH3ULQW6GQ%KG+/RW-DODQ6HSDQD2II3HUVLDUDQ6HODQJRU6HNV\HQ6KDK$ODP6HODQJRU0DOD\VLD