roperty

a p rtal
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 FBM KLCI 1692.22 9.25 KLCI FUTURES 1690.50 9.00 STI 3220.56 3.78 RM/USD 4.1100 CPO RM2223.00 28.00 OIL US$62.52 0.18 GOLD US$1278.10 4.50
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM1.50

TUESDAY JANUARY 22, 2019 ISSUE 2814/2019

FINANCIAL Another
round
of O&G

DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
impairment
seen in 4Q18
5 HOME BUSINESS

6 HOME BUSINESS

Caught in the trade

war? Sign FTAs,
Malaysia told
8 HOME BUSINESS

Consumer
spending to
remain healthy
— analysts
9 HOME BUSINESS

Clear days
remain elusive for
tobacco firms

JOB CUTS
15 W O R L D B U S I N E S S

Toyota, Panasonic
to set up EV
battery JV
17 W O R L D

Trump, Kim ARE RISING

expected to meet
in February
18 F E AT U R E
but not yet alarming
UOB Malaysia’s Goh deems the job losses as being ‘cyclical
Vietnam makes and structural’. Syahirah Syed Jaafar has the story on Page 4.
pitch as an investor
safe haven

IMF cuts global economic outlook

Fund forecasts growth at 3.5% in 2019 and 3.6% in 2020
PA G E 2
2 T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
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IMF cuts global
economic outlook
Fund forecasts growth at 3.5% in 2019 and 3.6% in 2020
BY LEIKA KIHAR A
DAVOS (Switzerland): The Interna-
tional Monetary Fund (IMF) has cut
its world economic growth forecasts
for 2019 and 2020, due to the weak-
nesses in Europe and some emerging
markets, and said failure to resolve
trade tensions could further dest-
abilise a slowing global economy.
In its second downgrade in three
months, the global lender also cited
a bigger-than-expected slowdown
in China’s economy and a possi-
ble “No-deal” Brexit as risks to its
outlook, saying these could wors-
en market turbulence in financial
markets.
The IMF predicted the global
economy to grow at 3.5% in 2019
and 3.6% in 2020, down 0.2 and 0.1
percentage point respectively from
last October’s forecasts.
The new forecasts, released
ahead of this week’s gathering of
world leaders and business execu-
tives here, show that policymakers
may need to come up with plans to
deal with an end to years of solid
global growth.
“The risks to global growth tilt to
the downside. An escalation of trade
tensions beyond those already in-
corporated in the forecast remains a
key source of risk to the outlook,” the
IMF said in an update to its World
Economic Outlook report.
China’s Xi warns party of
‘serious dangers’ as risks mount
BY P ETER M ARTIN, DANDAN LI
& DOUGLAS HUANG
BEIJING: President Xi Jinping has
stressed the need to maintain po-
litical stability in an unusual meet-
ing of China’s top leaders — a fresh
sign the ruling party is growing
concerned about the social impli-
cations of the slowing economy.
Xi told a “seminar” of top pro-
vincial leaders and ministers here
yesterday that the Communist Party
needed greater efforts “to prevent
and resolve major risks”, the official
Xinhua News Agency said.
US calls on Russia to destroy new missile system
BY STEP HANIE NEB E HAY
GENEVA: The US called on Russia
yesterday to destroy a new cruise
missile system which it said was a
“direct and continuing violation”
of the Intermediate-range Nuclear
Forces Treaty, and accused Mos-
cow of destabilising global security.
World leaders, influential executives, bankers and policymakers will attend the
49th annual meeting of the World Economic Forum in Davos from today to Jan 25.
Photo by Bloomberg
It said higher trade policy uncer-
tainty and concerns over escalation
and retaliation will lower business
investment, disrupt supply chains
and slow productivity growth.
The downgrades reflected signs
of weakness in Europe, with its ex-
port powerhouse Germany hurt
by new fuel emission standards
for cars and with Italy under mar-
ket pressure due to Rome’s recent
budget standoff with the European
Union (EU).
The IMF also cut its 2019 growth
forecast for developing countries to
4.5%, down 0.2 percentage point
from the previous projection.The
fund maintained its US growth
projections of 2.5% this year and
1.8% in 2020, pointing to contin-
He said areas of concern facing
the leadership ranged from politics
and ideology to the economy, en-
vironment and external situation.
“The party is facing long-term
and complex tests in terms of main-
taining long-term rule, reform and
opening-up, a market-driven econ-
omy, and within the external envi-
ronment. The party is facing sharp
and serious dangers of a slackness
in spirit, lack of ability, distance
from the people, and being passive
and corrupt. This is an overall judg-
ment based on the actual situation,”
Xi said, according to Xinhua.
Robert Wood, US disarmament
ambassador, said the system was
capable of carrying both conven-
tional and nuclear warheads as it
had a range of 500km to 1,500km.
“Unfortunately, the US in-
creasingly finds that Russia can-
not be trusted to comply with its
arms control obligations and that
For breaking news updates go to
www.theedgemarkets.com
ued strength in domestic demand.
It also kept its China growth
forecast at 6.2% in both 2019 and
2020, but said economic activity
could miss expectations if trade
tensions persist, even with state
efforts to spur growth by boosting
fiscal spending and bank lending.
Britain is expected to achieve 1.5%
growth this year though there is
uncertainty over the projection,
which is based on the assumption
of an orderly EU exit, it said. The
rare bright spot is Japan, with the
IMF revising up its forecast by 0.2
percentage point to 1.1% this year
due to an expected boost from the
government’s spending measures,
which aim to offset a scheduled
sales tax hike in October. — Reuters
Yesterday’s statements con-
tained signs of greater urgency.
Chinese leaders are also coping
with a more confrontational US un-
der President Donald Trump, who
has slapped tariffs on hundreds of
billions dollar worth of Chinese
goods. Xi faces added pressure to
personally resolve the issues after
obtaining a constitutional change
that allows him to rule indefinitely.
The meeting appears to have
been scheduled recently, since sev-
eral provincial legislatures resched-
uled their annual meetings to ac-
commodate the event. — Bloomberg
its coercive and malign actions
around the globe have increased
tensions,” Wood told the United
Nations-sponsored Conference
on Disarmament.
There was no immediate re-
sponse from the Russian delega-
tion at the forum, which opened
its 2019 session. — Reuters
Guan Eng: It will
take three years
to restore
fiscal position
GEORGE TOWN: Malaysians
need to be patient while the new
government attempts to restore
the fiscal position of the country,
Finance Minister Lim Guan Eng
said last night.
Guan Eng said it would take
three years to restore Malay-
sia’s fiscal position following
the 1Malaysia Development
Bhd scandal, and getting back
on track to roar again as Asia’s
economic tiger.
“When the country’s fiscal
position has been restored, we
will slowly progress, and we hope
that the people can have the pa-
tience,” he said when addressing
the Hindu devotees in conjunc-
tion with the Thaipusam celebra-
tion at Penang Waterfall Hilltop
Temple here.
He said it was not easy to make
a comeback after losing billions
of ringgit but Pakatan Harapan
would strive with “every beat of
our heart to deliver the promises
that we have made to the people
of Malaysia”.
Earlier, Guan Eng attended the
special prayers ceremony in Sri
Meenakshi Temple and Nattu-
kotai Chettiar Temple, Penang in
conjunction with the Thaipusam
festival.
Also present were Penang
Chief Minister Chow Kon Yeow,
Deputy Chief Minister II Prof Dr P
Ramasamy, State Women, Family,
non-Muslim Affairs and Gender
Inclusivity Committee chairman
Chong Eng and member of Par-
liament for Bukit Bendera Wong
Hon Wai. — Bernama
South Sudan
starts repairs,
pumping oil from
damaged wells
BY K AT H A R IN E H O UR E L D
& D E N IS D UMO
JUBA: South Sudan has begun to
repair and pump oil from wells
damaged in the civil war and will
ramp up production by year end,
its oil minister Ezekiel Lul Gat-
kuoth said.
Production is currently at
160,000 barrels per day (bpd)
and the reopening of the wells
yesterday will add 12,000 bpd to
that, he told Reuters on Sunday
as he prepared to travel north to
meet his Sudanese counterpart
for a ceremony at the oilfields.
South Sudan’s oil infrastructure
was badly damaged in its civil war,
which broke out in 2013, two years
after it became independent from
neighbouring Sudan.
Petroliam Nasional Bhd, India’s
Oil and Natural Gas Corp and the
China National Petroleum Corp all
have stakes in South Sudan.
Cargoes have been booked
until the end of March, Gatkuoth
said, but now there would be ad-
ditional oil for sale. — Reuters
4 HOME BUSINESS
Job cuts are rising but
not yet alarming
UOB Malaysia’s Goh deems the losses as being ‘cyclical and structural’
BY SYAHIRAH SYED JAAFAR
KUALA LUMPUR: While reports of
lay-offs by various companies in the
past year have caused some anxiety
in the job market, economists say
they are not yet of alarming propor-
tions. They believe that is part and
parcel of the evolving labour market.
“If downsizing is persistent and
spread out across different sectors
and industries, then it will be a cause
for concern of a more pronounced
than anticipated slowdown of the
overall economy,” Sunway Universi-
ty Business School economics pro-
fessor Dr Yeah Kim Leng told The
Edge Financial Daily.
“But so far, the downsizing ap-
pears to be specific to industries
facing more challenging operating
conditions such as rising business
competition or production costs,”
he said.
Yeah also said the cause of re-
trenchment varies across firms and
industries.
“These would include excess ca-
pacity, rising inventories, minimum
wage increase, a weak ringgit, de-
clining export or domestic sales,
entry of new players and disruptive
business models rolled out by new
start-ups,” he noted.
In its 2019 Market Outlook Re-
port released last Thursday, Rand-
stad Malaysia highlighted that bulk
hiring activities have slowed down
in the construction and property
sector since May last year as the gov-
ernment reviewed big-ticket infra-
structure projects such as the Kuala
Lumpur-Singapore high-speed rail,
the East Coast Rail Link and the
mass rapid transit Line 2.
“Companies will not need to
mass hire people to complete the
project within a relatively short
period of time. With the extended
deadlines, companies can hire few-
er people for the project, spread-
ing the manpower cost across a
longer period,” its manager of the
construction, property and engi-
Malaysia achieves record direct tax collection of RM137b in 2018
KUALA LUMPUR: The Inland Rev-
enue Board of Malaysia achieved
a new record in direct tax collec-
tion last year with RM137.035 bil-
lion collected, which is 11.13% or
RM13.723 billion more than the
RM123.312 billion collected in 2017,
the ministry of finance (MoF) said.
The last record was set in 2014,
when the direct tax collection
came in at RM133 billion, accord-
ing to a statement from the MoF
on Sunday.
It attributed the rise to increased
collection from components of tax-
payers such as companies, indi-
neering team Alex Sin said.
“Unfortunately, this means that
retrenchments will likely take place
in the first half of 2019,” he said,
adding that junior-level workers
who have less than two years’ ex-
perience will be most affected by
the retrenchment exercises.
The public sector was not spared
from job cuts last year. The change of
government from Barisan Nasional
to Pakatan Harapan after the May 9
general election saw several agen-
cies with overlapping roles dissolve
such as the Land Public Transport
Commission, the National Profes-
sors Council, the Special Affairs De-
partment, the Residents’ Represent-
atives Committee and Malaysian
External Intelligence Organisation.
Despite pockets of retrenchments
and downsizing, Sunway Univer-
sity’s Yeah opined that the overall
labour market is holding up well.
He said with the current unem-
ployment rate hovering at around
3.3% to 3.4% it suggests that job
growth is at par with the increase
in the workforce. There is also a
moderate wage growth of 5% to 6%
on average, he said.
“A hopeful sign is the sharp pick-
up in investment approvals last year
would translate into higher employ-
ment creation expected over the
next two to three years, including
2019 when the projects are imple-
mented,” Yeah added.
On Dec 3, 2018, Finance Minis-
ter Lim Guan Eng had announced
that total approved foreign direct
investments in the manufacturing
sector from May to September 2018
hit RM35 billion, a 379% increase
from RM7.3 billion in the same pe-
riod of 2017.
UOB Bank Malaysia senior econ-
omist Julia Goh concurred, deeming
the job losses as being “cyclical and
structural”.
“It could also be a reflection of
a cautious global outlook and con-
cerns about demand conditions,”
she added.
viduals, petroleum, cooperatives,
stamp duty and others.
“Besides reflecting the effective-
ness of a clean leadership and an
administration based on the princi-
ples of competency, accountability
and transparency, this increase also
shows that economic growth was
encouraging in 2018,” said Finance
Minister Lim Guan Eng.
Guan Eng further explained in
a statement yesterday that the di-
rect tax collection for 2018 relates
to the imposition of tax on income
received in 2018, in line with the
implementation of the current
Loss of employment by sector in 2018
Manufacturing
Construction
Financial
ICT
Accomodation and F&B
Transportation
Wholesale and retail
Professional and technical
Administrative
Mining and quarrying
Education
Arts, entertainment and recreation
Human health and social work activities
Agriculture, forestry and fishing 246 (1.0%)
Electric 198 (0.8%)
Activities of households 106 (0.5%)
Real estate activities 103 (0.4%)
Water, sewarage and waste 81 (0.3%)
Other classification
0 2,000
Source: Socso
Goh pointed out that this is not
the first time that Malaysia has gone
through a cycle of lay-offs and vol-
untary separation schemes (VSS).
Malaysia had experienced this in
2015 and 2016, when the plummet-
ing global oil prices spurred massive
lay-offs across the industry.
“Malaysia has gone through a
cycle of lay-offs and VSS back in
2015. The unemployment rate rose
to 3.5% then and private consump-
tion growth also slowed,” she said.
Luckily, this time there’s EIS
The difference then was that re-
trenched workers did not have the
support of the Employee Insurance
System (EIS) which exists today.
“There was no EIS back then.
With the EIS in place now, it could
help to cushion the downside risks
from the retrenchments,” said Goh.
“Unless a major economic shock
or global crisis hits, we expect the
domestic labour market to remain
relatively stable,” she added.
A year has passed since the EIS
was introduced on Jan 1, 2018, of
which to date has seen some four
million employees and over 400,000
employers registered for the scheme.
The financial scheme, managed
by the Social Security Organisation
Direct tax collection (gross) trend for 2017 and 2018
YEAR AMOUNT OF DIRECT
TAX COLLECTION
(RM MIL)
2018 137,035
2017 123,312
Source: Ministry of Finance Malaysia
year assessment system, which has
been in force since the year 2000
for non-petroleum income, and
since 2010 for petroleum income.
Hence, he said the increase in
revenue in the previous year was
T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
7,512 (31.9%)
2,059 (8.8%)
1,800 (7.7%)
1,740 (7.4%)
1,336 (5.7%)
1,318 (5.6%)
1,141 (4.9%)
1,093 (4.6%)
1,042 (4.4%)
478 (2.0%)
384 (1.6%)
322 (1.4%)
263 (1.1%)
2,303 (9.8%)
4,000 6,000 8,000
(Socso), requires employers and
employees to contribute 0.2% each
or 0.4% in total, of an employee’s
monthly salary. It is aimed at helping
employees who have lost their jobs
to gain monetary funds that would
help them get back on their feet for
up to six months.
According to Socso, between Jan
1 and Dec 31, 2018, the agency re-
ceived about 23,525 applications for
interim assistance, of which October
saw the highest number of 5,006
applications.
“From this, Socso has to date
paid out interim benefits amount-
ing to RM17.3 million,” its chief ex-
ecutive Datuk Seri Dr Mohammed
Azman Aziz Mohammed told The
Edge Financial Daily in an email
response.
He added that those who lost
their jobs during this period are eli-
gible to receive an interim financial
assistance of RM600 per month for
a maximum of three months.
Additionally, from Dec 1, 2018,
workers who lost their employment
and have contributed at least 11
months, will now be eligible to claim
full-fledge EIS benefits such as job
search allowance, early reemploy-
ment allowance and reduced in-
come allowance.
INCREASE COMPARED INCREASE COMPARED
TO THE PREVIOUS TO THE PREVIOUS
YEAR (RM MIL) YEAR (%)
13,723 11.13
9,367 8.22
the achievement of the collection
in 2018 based on the assessment
and economic developments oc-
curring in the same year.
“It is not based on [the] econom-
ic estimates in 2017 as alleged by
Under the EIS, all types of loss of
employment are covered except for
retirement, voluntary resignation,
expiry of fixed term contract and
dismissal due to misconduct.
In the first month of being re-
trenched, the insured worker can
claim 80% of his assumed wage. For
the next five months, the insured
worker can claim 50%, 40%, 40%,
30% and 30% respectively.
Based on data provided by Soc-
so, the breakdown of loss of em-
ployment (LoE) by occupational
categories showed that clerical and
support workers recorded the high-
est LoE of 4,291 (18.2%), followed
by services and sales workers at
4,001 (17%) and professionals at
3,982 (16.9%).
“Most of the workers who lost
their jobs earned RM2,000 and be-
low per month, whereas a small
percentage earned above RM10,000
a month,” said Mohammed Azman.
Looking at the demographics,
more than 50% of workers who
lost their employment are from
the Klang Valley, with 6,470 peo-
ple or 27.5% from Selangor, and
5,376 people or 22.9% from Kuala
Lumpur. This is followed by Johor
(2,792 people or 11.9%) and Penang
(1,412 people or 6%).
Sector-wise, the manufacturing
sector recorded the highest number
of LoE with 7,512 people or 31.9%,
followed by the construction sector
with 2,059 people or 8.8% and the
financial sector with 1,800 people
or 7.7%.
Mohammed Azman also said that
Socso does not make projections
on retrenchments in the country,
but he noted that based on labour
statistics, the number of retrenched
workers below 3,000 a month is
considered a norm.
Last month, Human Resourc-
es Minister M Kula Segaran was
reported as saying that the rate of
employee lay-offs plunged by half
in the first nine months of 2018 from
31,945 in the same period in 2017.
some parties. This is further sup-
ported by the sales and service tax
(SST) collection that exceeded ex-
pectations by 34% in 2018, the first
year the tax was reintroduced,” said
Guan Eng.
SST collection for 2018 by the
Customs Department came in at
RM5.4 billion, compared with the
targeted RM4 billion when the SST
was implemented on Sept 1.
Meanwhile, the MoF said rev-
enue collected from income tax
other than petroleum contributed
RM116.953 billion or 85.35% of the
CON T I N UES ON PAGE 6
TUES DAY JAN UA RY 22, 20 1 9 • T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 5

Another round of O&G

impairment seen in 4Q18
But it is unlikely to be as bad as the ones in 2016 and 2017
BY A DA M A ZI Z
KUALA LUMPUR: Investors look-
ing to enter the oil and gas (O&G)
sector may want to wait until yet
another round of asset impairments
in the upcoming releases of com-
panies’ performance for the fourth
quarter of 2018 (4Q18).
“There may be some impair-
ments, but not as bad as two years
ago,” said AmInvestment Bank an-
alyst Alex Goh.
But seeing how O&G shares are
so sensitive to negative surpris-
es right now, it could put further
pressure on share prices that are
already at record lows.
This would involve mainly ves-
sel operators, whose ships are age-
ing and charter rates have little
chance to rebound from their cur-
rent lows anytime soon, accord-
ing to Maybank IB analyst Liaw
Thong Jung.
Candidates also include those
who excluded non-core assets dur-
ing the massive impairment rounds
in 2016 and 2017, such as the oil-
field services of rig operator Velesto
Energy Bhd.
Will this be the last big round?
“I would say that from 4Q18 on-
wards, there will be very minimum
impairment because there have
not been any new asset purchases,”
said Liaw. “Everyone has been busy
cleaning up [their balance sheet].”
Putting the house in order
Offshore support vessel owners
like Perdana Petroleum Bhd and
Alam Maritim Resources Bhd have
turned to Bank Negara Malaysia’s
corporate debt restructuring com-
mittee to obtain temporary relief
from creditors.
A positive outcome can be ex-
pected, said Liaw. Perdana, for ex-
ample, has posted two profitable
quarters as it operates the business
as usual.
Nonetheless, recovery is not yet
on the horizon. “For them to rerate,
we should see an increase in day
rates from the bottom,” he said.
“We could see rates improve only
in 2020, 2021,” Liaw added.
AmInvestment’s Goh concurred.
“Rates are likely to remain flat this
year,” he said. “If you are not willing
to [bid] at current rates, your clients
may appoint others; there is still a
huge excess in supply.”
Even companies that have won
contracts in the last few months
like Barakah Offshore Petroleum
Bhd and Alam Maritim are find-
ing it hard to pick themselves up
as finance costs have put a huge
dent in otherwise better prospects.
“If you do not [address the bal-
ance sheet], the situation will per-
sist,” said Liaw.
Persistent oversupply and high
gearing issues combined have
played out long enough to divide
companies between those with
good and bad balance sheet.
Now they are at the stage where
survivors look for growth with the
latter scrambling to reduce gear-
Liaw: I would say that from 4Q18
onwards, there will be very
minimum impairment because
there have not been any new asset
purchases. Photo by Patrick Goh
ing or risk getting weeded out by
market forces.
The first casualty is PN17 com-
pany Perisai Petroleum Teknolo-
gi Bhd, which has already been
issued a notice of delisting from
Bursa Malaysia.
Others are buying time. Last
week, Daya Materials Bhd an-
nounced it was issuing 534 million
new shares, representing around
26% of its current share base, to
a lender at 2.5 sen apiece to pare
debts.
The counter — also in PN17 sta-
tus — is trading at one sen, as with
another PN17 firm Sumatec Re-
sources Bhd. The regularisation
plans of all these PN17 companies
are due to be submitted in the first
half of this year.
Cheap counters waiting
for next cycle
Those who have cleaned up their
balance sheet can fully benefit from
the next upcycle, such as Velesto,
Sapura Energy Bhd and Petroliam
Nasional Bhd’s indirect subsidiary
Malaysia Marine and Heavy Engi-
neering Holdings Bhd (MHB).
On top of Sapura’s RM16 billion
order book and the improving pros-
pects in local fabrication activities
— a core MHB business — both
companies have been shortlisted
as long-term contractors for Sau-
di Aramco.
“[Sapura] has done everything
accordingly and quickly,” said Liaw,
referring to the steps it has taken to
pare debts, such as the crucial RM4
billion cash call — of which sub-
scription rate is to be announced
today — and the sale of 50% in its
energy unit which raised RM3 bil-
lion cash and other related funds.
“We think MHB has already bot-
tomed,” added Liaw. “They just
need one strong, big job to revive
the interest [of investors]. And they
are cash-rich at 37 sen per share,
near 54% of its current share price,”
he added.
Alongside Liaw’s “buy” call on
Sapura at 55 sen, the firm had 11
“buy”, three “hold” and no “sell” calls
since December with target prices
between 30 sen and 60 sen. MHB, on
the other hand, has three “buy” calls,
seven “hold” calls and one “sell” call.
Of course, there are top picks in
the sector such as Dialog Group Bhd,
Yinson Holdings Bhd and Serba
Dinamik Holdings Bhd, which still
have untapped value in the long run.
But the beat-up shares in companies
who have readied themselves for the
next cycle stand to gain the most.
Notwithstanding the supply-de-
mand mechanics and the geopolit-
ical uncertainties, no oil producers,
including US shale companies, are
comfortable with oil price below
US$50 (RM205.50) right now, which
supports the consensus projection
of US$60-US$70 per barrel average
moving forward.
In hindsight, the 2015 downturn
was the longest and the lowest in
decades. This could mean a greater
rebound where fewer companies
will be left standing to enjoy the
cake when it is ready.

Shale puts a floor on oil prices too — HSBC

BY A DA M A ZI Z
KUALA LUMPUR: One of the fac-
tors that capped the growth of crude
oil prices at US$86 (RM353.46)
per barrel in 2018 was the fast-
er-than-expected growth in shale
oil production in the US, especially
in the second half (2H) of the year.
What is less talked about, how-
ever, is the role that shale could play
in putting a floor to prices as well.
A survey by the Federal Reserve
Bank of Dallas published on Jan 3
revealed that growth in shale ac-
tivities slowed significantly in the
fourth quarter of 2018 (4Q18).
Its Business Activity Index,
which compares quarter-on-quar-
ter growth, slowed to 2.3 in 4Q18
from 43.3 in 3Q18 — the first such
slowdown since early 2016 when
oil prices bottomed at below US$30
per barrel.
Prior to that, oilfield services
companies warned about pipe-
line constraints, well productiv-
ity issues and budget concerns,
among others.
But the leading factor was the
speedy, unnerving 40% crash in oil
prices to US$50 per barrel in De-
cember on concerns over slowing
global demand and failure by the
US to follow through on its tough
sanctions against Iran.
Simply put, this means that US
shale producers are now more sen-
sitive to low prices.
Concurrently, the shorter cycle
of the US supply allows it to react
faster to price slumps compared to
longer cycle conventional supply,
which makes up the majority of
supply presently.
HSBC Global Research said in
a January note: “In 2018, the US
growth that resulted from the price
recovery was arguably the most sig-
nificant factor capping prices in 2H.
“However, the inverse is also
true — the sharp contraction in
US activity in 2015-16, and the first
signs of weaker activity in recent
months — and illustrates how US
supply also acts as a strong swing
factor in supporting prices on the
downside, a factor that we think
analyst Liaw Thong Jung.
US shale production slows on price slump Forbes reported on Dec 20 last
Brent (US$/bbl) US shale oil production (kbbl/d) year that the average break-even
kbbl/d US$/bbl price for shale was touted at US$50
8,250 8,119.21 90 per barrel.
8,000 85 “Although some wells in certain
7,750
80 areas of the Permian can break
75 even at prices between US$32 and
66.87
7,500 70
65
US$47 per barrel, other wells, even
7,250 62.93
60 in the same areas, need as much as
7,000 US$65 to break even.
6,711.07 55
6,750 50 “Outside of the Permian region,
6,500 45 break-even prices are even higher,”
Dec Jan said the report.
2017 2019
Opec and its alliance, too, want
Source: Bloomberg
oil prices to remain at a level that
would instil confidence; of which
analysts believe sits at about US$60-
is less appreciated by the market,” producers successfully innovate to US$70 per barrel.
said the research house. compensate for the low crude oil HSBC estimates Brent crude oil
prices after the 2015 oil crash, the price to average US$64 per barrel
Break-even price on the rise success also hinges on the abun- in 2019, a dollar below the expec-
Structurally, HSBC sees “major dance of low cost-per-barrel fields tation of Liaw’s US$65 per barrel.
new pipeline capacity” easing con- in the early stages of the shale boom. “I think we can see it touching
straints in US shale market in 2H As the low-hanging fruits get US$70 as well,” said Liaw, who
of this year. Meanwhile, prices re- exhausted, “growth [in shale] may thinks that volatility will persist in
main key to stimulate production somehow decelerate in the com- the year. “If you look at last year,
moving forward. ing years, on rising cost/barrel the oil price high-low spread was
The fact is that when US shale of these fields”, said Maybank IB quite big [at US$36].”
6 HOME BUSINESS
Caught in the trade war?
Sign FTAs, Malaysia told
Lowering tariffs also makes it more competitive in potential market openings — World Bank
BY SA M A N THA H O
KUALA LUMPUR: If there is one
thing economists globally have
agreed on over the past year, it is
the global economy is not heading
for a recession, at least not yet.
However, there is growing pessi-
mism about the ability of countries
to sustain growth. World Bank senior
director for development econom-
ics Shanta Devarajan told The Edge
Financial Daily that the world is
currently facing two major risks that
will affect emerging markets — the
rising trajectory of US interest rates,
and more importantly for Malaysia,
the US-China trade war.
In particular, Malaysia’s openness
and dependence on trade to sustain
economic activities make it more
vulnerable to downside risks, espe-
cially when a slowdown in China,
consuming some 50% of the world’s
non-oil minerals, could have a large
impact on commodity prices.
“Developing countries can best
benefit by signing free trade agree-
ments (FTAs) with every country
... and lowering their tariffs. [This
makes countries] more competitive
in potential market openings,” Deva-
rajan said in an interview.
Malaysia is currently in negotia-
tions to sign two major regional trade
agreements — the Comprehensive
and Progressive Agreement for Trans
Pacific Partnership (CPTPP), and the
Regional Comprehensive Economic
Partnership (RCEP).
Minister of International Trade
and Industry Darell Leiking had pre-
viously stated the government “will
not be pressured into ratifying the
CPTPP”, but in a recent interview
with the South China Morning Post,
he raised the possibility of striking
bilateral trade agreements instead.
His deputy, Dr Ong Kian Ming, had
also indicated Putrajaya was looking
to conclude RCEP talks by year end.
Devarajan acknowledged a signif-
icant opposition to particular details
‘High integrity and transparency led to better compliance’
F ROM PAG E 4
IRB’s total direct tax collection last
year.
The corporate component was
the biggest contributor at RM70.036
billion or 51.11%, followed by the
individual component at RM36.065
billion or 26.32%, tax revenue from
petroleum was RM20.082 billion or
14.66%, stamp duty collection stood
at RM5.934 billion or 4.33%, with-
holding tax collection at RM3.117
billion or 2.27%, real property gains
tax collection at RM1.467 billion or
1.07%, cooperatives tax collection
was RM171 million or 0.12% and
lastly Labuan International Offshore
Financial Centre and other taxes
China’s GDP growth has been on a decade-long decline
14
Dec 31, 2009
12
10
8 Dec 31, 2018
6
March 31, 2009
4
2 it is unclear whether China is seeing a
0 deceleration worth panicking about.
Source: Bloomberg data
of the CPTPP, but believes on prin-
ciple that it is “a good thing”.
As investor state dispute settle-
ment and intellectual property rights
provisions in the CPTPP are per-
ceived to favour foreign firms over
Malaysian consumers’ welfare, op-
ponents — most notably the Council
of Eminent Persons member Prof Dr
Jomo Kwame Sundaram — have crit-
icised the concessions Malaysia must
make to foreign firms for what he
considers to be meagre trade gains.
Still, the need for Malaysia and its
East Asian neighbours to improve their
trade positions is ever more pressing
considering China’s economy ap-
pears on track for a decade-long slow-
down (see chart). Yesterday, China
announced its slowest gross domestic
product growth rate since the 2009 fi-
nancial crisis of 6.4%, with Bloomberg
highlighting the country’s ongoing
debt clean-up and trade tensions.
Malaysia is likely to be affected by
stood at RM163 million or 0.12%.
Guan Eng said the encouraging
tax collection was the outcome of
“the effective tax-related strate-
gies set by the Pakatan Harapan
government that came into power
after the 14th general election”,
like more professionally conduct-
ed tax enforcement activities, fo-
cused tax education programmes,
and improvements to the process
of imposing travel restrictions on
taxpayers with tax arrears.
“The high level of integrity
and transparency of the Pakatan
Harapan government in spending
every sen of tax collected from the
rakyat also played a very impor-
Devarajan suggests
that Malaysia look
to Norway and
Chile having used
‘countercyclical
fiscal policies’ to
help maintain fiscal
resilience. Photo by
Patrick Goh
Quarter-on-quarter growth (%)
Year-on-year growth (%)
6.6
Dec 31, 2018
6.4
any spillover of China’s slowing growth
as it is the country’s largest trading
partner. From January to November
2018, it accounted for RM127.4 bil-
lion or 13.9% of Malaysia’s exports,
according to the Malaysia External
Trade Development Corp’s data.
However, Devarajan noted a bright
spot on the horizon. “There have been
periods such as this before where
China faced slowdowns in growth
and they have always been able, in
the past, to introduce some kind of
stimulus to smooth out that shock. Its
track record makes me hopeful that
they can do that, but that is the risk.”
Indeed, last Wednesday the Chi-
nese government pumped another
US$83 billion (RM341.13 billion) into
its financial system to avoid a cash
crunch, taking the total cash injected
into the economy to US$169 billion
for the week, according to Bloomberg.
Additionally, it had also imple-
mented tax cuts, and lowered reserve
tant role in improving the level
of compliance among taxpayers
and led to this increase. These
factors have directly increased the
confidence and trust of the rakyat
towards the government and has
encouraged them to voluntarily
declare and pay their taxes,” Guan
Eng said.
On that note, he urged taxpay-
ers who have compliance issues to
participate in the special voluntary
disclosure programme that was
launched on Nov 3 last year, and
which will end on June 30 this year,
that offers low penalty rates of 10%
and 15%, to avoid being penalised up
to 300% when the programme ends.
T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
requirements for its banks, and fund-
ing costs in an attempt to boost growth.
Not everyone is as optimistic that
China can successfully stimulate
growth. Manulife Asset Manage-
ment senior strategist for Asia Geoff
Lewis opined that China is unlikely
to return to the high growth rate of
up to 7% anytime soon, despite the
expansionary steps taken.
“It has been said they are looking
at cutting the value-added tax [at 16%
in China and is similar to Malaysia’s
sales and services tax], but that will
only have a small multiplier effect,”
Lewis told The Edge Financial Daily.
He added that China can no longer
rely on its consumers to drive growth,
citing a Credit Suisse report from Sep-
tember 2018 highlighting a rising debt
servicing cost eroding the Chinese’s
disposable household income.
That said, Devarajan and Lewis said
The constant revision and a lack of
complete data are a missing link.
“The Chinese economy is certain-
ly slowing; there is no doubt about
that. Whether it is going to fall pre-
cipitously ... that is the thing we do
not know,” Devarajan said.
Malaysia’s fiscal buffers in a bind
There are several areas where Malay-
sia can breathe easy — it is not on the
list of the world’s most highly indebt-
ed countries, which includes Argen-
tina, Turkey and Tunisia. However,
at the same time there is a limited
space for the government to support
the economy during a downturn.
“What concerns us with regard
to debt is Malaysia does not have
much fiscal space. If some of these
risks materialised and there was a
need for a fiscal stimulus to sup-
port growth and protect the poorest
[people] from the impact of a shock,
there is not much space to do that,”
World Bank lead economist for Ma-
laysia Richard Record said.
This makes it all the more impor-
Direct tax collection (gross) based on components for 2018
YEAR TOTAL
COLLECTION
IN 2018
(RM MIL)
Company 70,036
Individual 36,065
Petroleum 20,082
Stamp Duty 5,934
Withholding Tax 3,117
RPGT* 1,467
Cooperatives 171
Labuan IOFC** 163
and others***
137,035
* RPGT Real Property Gains Tax
** IOFC International Offshore Centre
*** Others (Includes payments pursuant to Section 124 ITA 1967, court fees, bank interest, legal proceeds,
business registration and service fees pursuant to Section 138B ITA 1967)
Source: Ministry of Finance Malaysia
tant for the government to diversify
revenue, lower the deficit and to
build fiscal buffers now, he said. “In
other words, fix the roof while the
sun is shining,” Devarajan added.
On rating agencies, Record opined
that transparency and clarity on pol-
icy choices are best in maintaining
certainty for investors. “The reality
is the Malaysian government has to
balance a very fine line between [ac-
counting for] slowing global growth
and external drivers on the export
side, as well as moderating debt and
bringing down the fiscal deficit.”
Record said although the gov-
ernment is on the right track, this
could take several years to get where
it needs to be in debt management
and revenue diversification.
Devarajan suggested that Malay-
sia look to several other countries
for inspiration, such as Norway and
Chile having used “countercyclical
fiscal policies” to help maintain fis-
cal resilience.
“In Norway, when oil prices go
down, national income actually goes
up even though it is a major oil pro-
ducer,” he said. This is because Nor-
way’s sovereign wealth fund, the
largest in the world with over US$1
trillion (RM4.11 trillion) in assets,
has invested heavily in green ener-
gy and non-oil-dependent sectors.
Chile, with an independent fiscal
policy in the same way most countries
have independent central banks, is
another example. “When there is a
boom in copper, the law [states] a cer-
tain percentage of revenue has to be
saved ... that ties the finance minister’s
hands,” Devarajan said, noting this
prevents the government of the day
from splurging on handouts during,
say, elections. “That is exactly the right
thing to do — save for a rainy day.”
With Malaysia’s economic growth
expected at above 4% this year and
a recession not on the cards just yet,
the government still has an open but
narrowing window of opportunity
to do that.
INCREASE/ INCREASE/ CONTRIBUTION
(DECREASE) (DECREASE) TO TOTAL
COMPARED TO COMPARED TO COLLECTION
2017 (RM MIL) 2017 (%) OF 2018 (%)
1,234 1.79 51.11
4,164 13.05 26.32
8,321 70.75 14.66
264 4.66 4.33
(150) -4.58 2.27
(231) -13.63 1.07
96 129.43 0.12
25 18.12 0.12
13,723 11.13 100
8 HOME BUSINESS
Consumer spending to
remain healthy, say analysts
‘Sentiment to continue improving in the first half of this year’
BY JU S T I N L I M
KUALA LUMPUR: Industry experts
are positive the consumer sector
will remain resilient on the back
of favourable government policies
and a stable macroeconomic out-
look despite the slower economic
growth prospects in 2019.
“The economy is slowing down,
but it is still growing. We are not in
the recession or facing any very
bearish situation,” said Areca Cap-
ital Sdn Bhd chief executive officer
Danny Wong.
Noting that the optimism to-
wards the consumer sector has
been picking up since last year,
Wong expects the sentiment to
continue improving in the first half
of this year.
The positive indicators, he said,
included consumer-friendly gov-
ernment policies, stable econo-
my prospects, foreign fund inflow
and the lag effect in the impact of
the transition from the goods and
services tax (GST) to the sales and
service tax (SST).
He said there will be more mon-
ey circulating in the market under
SST system that could spur con-
sumer spending.
Noting that the US equity mar-
ket is looking toppish at the current
level and that US interest rates are
seen peaking this year, Wong add-
ed: “I foresee foreign funds will flow
back into the emerging markets,
including Malaysia, which may
support the consumer sector.”
Aminvestment Bank Bhd ana-
lyst Nafisah Azmi, who is equally
positive about the consumer sector
outlook, is maintaining an “over-
weight” call on the sector.
“We believe the positive trend
in the consumer sentiment will be
sustained as consumers become
more confident of the government
with expectations of a more rak-
yat-centric government policies,
better governance and transpar-
ency,” Nafisah said.
She said the latest consum-
er-friendly initiatives by the govern-
ment have contained the problem
of rising cost of living and effective-
ly put more money back into the
pockets of consumers.
These initiatives, which include
the re-introduction of petrol sub-
sidy, capping of the electricity tar-
iff and the introduction of public
transport subsidies, will provide
fuel to boost spending.
Nafisah added that the substi-
tution of GST with SST is net pos-
itive to consumers as the SST has
a narrower scope compared with
the GST.
RHB Research Institute analyst
Soong Wei Siang also expects the
consumer sentiment to stay pos-
itive in view of the healthy wage
growth, robust job market and the
2019
OUTLOOK
populist measures introduced by the
government.
“Domestic spending should re-
main resilient due to the abovemen-
tioned factors, while inflation is also
expected to be moderate. That said,
we do not foresee major changes in
consumer spending,” Soong said in
an email reply.
On the macro outlook, Soong
opined that the favourable commod-
ity prices and exchange rate would
translate into lower raw material costs
for the food manufacturers, while
strong consumer sentiment would
encourage higher discretionary
spending, benefitting the retail-based
consumer companies.
“The increase in minimum wages
is positive in supporting consump-
tion, but on the flipside, it inflates
wage costs and pressures profitability
if the affected companies are not able
to pass on the higher costs,” he said.
Notwithstanding the resilient con-
sumer sector, Soong said, consumer
spending may not see strong growth
this year due to factors such as the
floating fuel price and lower income
within the rural areas as a result of
subdued commodity prices.
Fundsupermart Research analyst
Jerry Lee Chee Yeong expects con-
sumer spending to remain healthy
this year, but the growth will be slower.
“Strong consumer spending that
we have seen in the third quarter of
2018 is expected to taper off in the
last quarter of 2018 as well as 2019
although the overall growth is likely
to remain healthy,” Lee said.
“Moving into 2019, although the
re-implementation of SST as well as
the floating petrol price (apart from
the targeted subsidy), might translate
into a higher living cost, we believe
with the several measures and in-
centives being introduced in Budget
2019, consumer spending is likely to
remain healthy next year,” he added.
Heading into 2019, Wong said the
given its low volatility characteris-
tic, consumer staples sector is often
viewed as a port in the storm during
the volatile market conditions.
He said investors are still favouring
in consumer staple stocks although
the current valuations have become
quite stretched across the segment.
On the same note, Lee, who has
maintained a “neutral” call on the
consumer sector, said investors might
be buying into consumer stocks due
to the continuing global uncertain-
ties as the consumer sector is usually
deemed as the defensive sector with
a slightly higher dividend yield.
Mynews and Power Root among analysts’ top picks
RHB Research said its top picks
among consumer stocks are My-
news Holdings Bhd, AEON Co
(M) Bhd and Power Root Bhd.
“We like Mynews for its growth
potential, driven by outlet expan-
sion and the rollout of its fresh
food products in its stores follow-
ing the completion of its central
kitchen — which should improve
ticket size and footfall,” it said.
Mynews’ net profit rose 14.81%
to RM6.07 million for its fourth
quarter ended Oct 31, 2018, from
RM5.29 million a year ago, on the
back of higher revenue as outlets
number continued to expand. Rev-
enue increased 20.95% to RM109.34
million from RM90.4 million.
Its outlet count rose to 436 as
at the end of the quarter from
356 a year ago.
As for AEON, RHB Research
said: “We like AEON as we believe
it is in a good position to capitalise
on the resilient consumer spending
that we anticipate, given its network
of stores throughout Malaysia and
its strong brand equity.”
RHB Research’s liking for Power
Root is based on its expectation that
the food and beverage stock’s earn-
ings will recover from the low base
in the year ended March 31, 2018
(FY18), underpinned by lower raw
One-year performance of KLCSU against KLCI in 2018
1,950
1,900
1,850
1,800
1,750
1,700
1,650
KLCI
1,600
KLCSU
1,550
1,500
Dec 8, 2017
Source: Bloomberg
He observed that after the un-
expected results of the 14th general
election, rebalancing portfolio actions
were taken by investors by moving
into the more defensive consumer
sector to seek higher portfolio re-
siliency and to benefit from the ze-
ro-rating GST.
This, he added, has subsequently
led to the outperformance of the sec-
tor against the broad market.
The KLCI Consumer Product In-
dex (KLCSU) gained 18.13 points,
or 2.84%, to 656.96 in 2018, outper-
forming the benchmark FBM KLCI,
which declined 92.12 points or 5.17%
to 1,690.58 during the year.
On a positive note, Lee expects
Bank Negara Malaysia to keep the
T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
material costs, favourable foreign
exchange and moderation in ad-
vertising and promotion expenses.
For the first half of FY19, Pow-
er Root’s core profit after tax and
minority interests rose 6% to
RM14.8 million. The earnings
were dragged down by higher
effective taxes and certain adjust-
ments to foreign exchange gains.
The company’s 1HFY19 sales
of RM176.5 million were 18% low-
er year-on-year (y-o-y), mainly
due to weaker domestic perfor-
mance, which could be due to
the rationalisation of the group’s
distribution network.
AmInvestReasearch also likes
Power Root for its cheap valua-
tion and better earnings pros-
pects from stronger US dollar
against the ringgit.
“As producers of staple prod-
ucts, Power Root will be a po-
tential beneficiary of improved
consumer spending. Presently,
the company is undervalued,
trading at 12 times P/E compared
with OldTown which previously
traded at an average of 15 times
forward price to earnings ratio.
“Power Root will also bene-
fit from a stronger US dollar as
around 50% of its sales are in ex-
ports,” said the research house,
760
740
720
656.96
700
680
660
640
620
1,690.58 600
580
560
Dec 31, 2018
overnight policy rate unchanged in
2019 and this serves as a positive cat-
alyst for the consumer sector.
“We also see the possibilities of
the ringgit trading higher against the
greenback next year due to the less
hawkish tone on US Federal Reserve
System, stabilising crude oil price as
well as the improving foreign direct
investment into Malaysia.
“With a stronger ringgit, the pur-
chasing power of the local consum-
ers would not be negatively affected
by the imported inflation while from
the corporate perspective, the cost
of imported materials will also be
manageable,” Lee added.
CIMB Research has reaffirmed
its “neutral” call on the consumer
giving a “buy” call with a target
price of RM1.65 for the counter.
Another stock pick by AmIn-
vest Research is Berjaya Food Bhd
for which it has issued a “buy”
call with a fair value of RM2.01.
The research house said Berjaya
Food is a beneficiary as the uplift
in consumer sentiment will drive
the discretionary spending thus
boost the demand of its products.
Berjaya Food, which runs Star-
bucks and Kenny Rogers chains in
Malaysia, saw its net profit grow
21% y-o-y in its second quarter
ended Oct 31, 2018 (2QFY19) to
RM7.03 million — the highest
quarterly profit since 3QFY16 —
driven by higher same-store-sales
growth from its Starbucks cafes,
and the opening of new outlets.
Mynews is also among the top
picks of AmInvest, which has giv-
en the stock a “buy” call and a
fair value of RM1.66 per share.
“We believe Mynews will be
an indirect beneficiary of the
public transportation subsidy.
We reckon that this measure will
boost foot traffic surrounding the
train stations. Mynews currently
operates more than 30 stores in
the mass rapid transit, light rail
transit and monorail stations,”
said AmInvest.
sector “due to the elevated valu-
ations (particularly for consumer
staple stocks), which we believe
have adequately priced in the pos-
itive prospects.”
The research house said in a
note issued a month ago that the
valuations for consumer stocks
such as Nestlé (Malaysia) Bhd and
QL Resources Bhd are steep, lead-
ing to elevated risks from any earn-
ings disappointment.
Nafisah said the potential down-
side risk for the consumer sector is a
weakening of the ringgit versus the
US dollar. She said a weaker ringgit
will drag the earnings of companies
that rely on imports as a source of
raw material or input cost.
At the same time, she said slug-
gish improvements to economic
fundamentals such as high oper-
ational cost and weak ringgit may
not see consumers fully benefiting
from savings tied to the SST rein-
troduction and consumer-friendly
measures, thereby dampening the
recovery in consumer sentiment.
Soong said the downside risks
include weak consumer sentiment
if the economy and job market out-
looks weaken, and higher input
costs arising from unfavourable
commodity prices and foreign ex-
change.
TUES DAY JAN UA RY 22, 20 1 9 • T HEED G E FINA NCIA L DA ILY
Clear days remain
elusive for tobacco firms
JTI foresees legal cigarette volumes will still decline or remain flat at best
BY W O N G EE L I N
KUALA LUMPUR: Tobacco players
felt relief last year without a hike in
excise duty, but this did not last for
long. New laws have been intro-
duced in the new year, including a
smoking ban in eateries. The fines
are stiff too — up to RM10,000 if one
is caught lighting up at non-smoking
areas and RM2,500 for eateries not
enforcing the ruling.
With the ministry of health (MoH)
promising no let-up for smokers,
it looks like the tobacco industry
will not have it any easier this year,
players and analysts told The Edge
Financial Daily, amid the illicit cig-
arette trade accounting for 63% of
the local cigarette market.
British American Tobacco (Ma-
laysia) Bhd (BAT) managing direc-
tor (MD) Erik Stoel said whether
the tobacco industry does well this
year will depend on the progress
of the government’s commitment
to fighting the illegal tobacco trade
and with that the legal market’s re-
covery. “However, we would like
to be proven wrong as we also ex-
pect the government’s enforcement
measures to give us an opportunity
to compete fairly in this highly reg-
ulated industry,” he added.
BAT is hoping for other enforce-
ment agencies such as the MoH and
the domestic trade and consumer
affairs ministry to actively collaborate
in ensuring retailers comply with the
laws on minimum pricing, that con-
sumers are not in possession of illegal
cigarette packs, and illegal cigarettes
with fake tax stamps are eradicated.
Meanwhile, the group will continue
the drive to reduce illegal trade locally,
and introduce a diversified portfolio
strategy allowing growth in the le-
gal market, taking into consideration
those consuming illegal cigarettes.
“We will continue our strong sup-
port for the Royal Malaysian Cus-
toms Department in its enforcement
and will continue addressing de-
mands from the legal market. Every-
one has a responsibility to fight the
illegal tobacco trade as the problem
has grown too big to rely on enforce-
ment alone,” said Stoel.
“We still believe the need for de-
mand-based measures to comple-
ment enforcement because there
are smokers who, despite price in-
creases, have not quit smoking but
are opting for cheap packs retailing
illegally at RM3 or RM4.”
JT International Bhd (JTI) MD
Cormac O’Rourke concurred, not-
ing the market outlook for 2019 is
greatly influenced by how the gov-
ernment is successfully getting a
grip on this issue.
“We foresee legal cigarette vol-
umes will continue declining or re-
main flat at best with value brands
increasing their participation, giving
the market some stability,” said O’Ro-
urke, noting the industry will need
SUHAIMI YUSUF
Kang: Nearly six million adult smokers
worldwide have stopped smoking and
switched to Philip Morris Malaysia’s
IQOS.
to manage any downside from mar-
gin erosion given this new dynamic.
O’Rourke noted a pack of illegal
cigarettes is widely available in the
Malaysian market from as low as RM3,
one-third of the minimum legal price.
As such, any increase in the price of
legitimate cigarettes will only fuel the
illegal sales further, resulting in less
revenue returns for the government.
“Currently, the government is
missing out on RM5 billion per
year in cigarette tax collections,”
said O’Rourke. “In our view, there
should be a moratorium on the cig-
arette excise for three years coupled
with a more stringent enforcement to
eliminate the illegal cigarette trade.”
Alternative cigarettes the way
to go
Philip Morris (Malaysia) Sdn Bhd is
more optimistic about 2019 prospects.
“Following 50 strong years of presence
in Malaysia, we look ahead to a dynam-
ic future where our vision is to offer the
five million adult smokers in Malaysia
with better alternatives to cigarettes,”
its MD Kang Tae Koo said. The com-
pany is banking on its heat-not-burn
electronic cigarette IQOS (I Quit Ordi-
nary Smoking) to boost earnings amid
competition in its traditional business.
Philip Morris Malaysia, on Nov 8 last
year, rolled out the new product in key
cities in Peninsular Malaysia.
Kang said nearly six million adult
smokers worldwide have stopped
smoking and switched to its new
product, available in over 40 mar-
kets globally. “To that end, we will
continue sharing our cutting-edge
and independently verified science
behind our products with regulators
and work with them to ensure we
can continue to offer smoke-free
products as better alternatives to
Malaysian adult smokers.”
O’Rourke said while the reduced
risk products (RRPs) allow the in-
dustry to improve revenues, clarity
is required on how such products
are to be regulated.
“As of today, there appears to be
an inconsistent approach as to how
nicotine delivered through tobacco
O’Rourke: While the reduced risk
products allow the industry to improve
revenues, clarity is required on how
such products are to be regulated.
British American Tobacco
(Malaysia) Bhd
RM
40 RM37.94
35
30
25
20
Jan 19, 2018 Jan 18, 2019
vaping is viewed versus nicotine
delivered through liquids, that is
conventional vaping.
“We believe the RRPs provide an
alternative to conventional tobacco
products for existing adult consum-
ers wishing to quit smoking,” he said,
adding this is a “growing global trend”
as seen in the UK and New Zealand.
Will smoking bans in eateries
impact cigarette sales?
The jury is still out on whether smok-
ing bans in eateries would impact
sales of tobacco products. Stoel said
it is still early days to know the im-
pact as consumers do not necessar-
ily stop smoking but may alter their
smoking behaviours.
While BAT is seeing an indication
that certain outlets are considering
ceasing cigarette sales, Stoel how-
ever said this will merely impact the
places where consumers purchase
cigarettes.
Given the recent price increase
of cigarettes following the sales and
services tax reintroduction in Sep-
tember last year, Stoel said this has
forced BAT to tightly monitor the
market on any change in consump-
tion and distribution patterns.
Opinions are divided among an-
alysts too. “We are generally neutral
on that rule (smoking bans in eat-
eries) and we do not believe it will
have a big impact [on tobacco firms]
in sales volume or earnings,” TA Se-
Stoel: Everyone has a responsibility to
fight the illegal tobacco trade as the
problem has grown too big to rely on
enforcement alone.
British American Tobacco
(Malaysia) Bhd’s revenue
and net profit
Revenue
(RM bil)
5 913.31
4 898.13 732.066
3
479.69
2 400
352.17
1 200
4.80
4.58
3.76
3.00
0 0
FY14 FY15 FY16 FY17
FY18*
Financial year ending Dec 31
*nine months ended Sept 30, 2018
Source: Bursa Malaysia
curities Holdings Bhd analyst Damia
Othman told The Edge Financial
Daily. She believes that despite the
smoking ban, smokers will continue
lighting up, albeit at a more private
space in accordance with the ruling.
However, Kenanga Investment
Bank Bhd analyst Clement Chua
viewed the new ruling will put pres-
sure on the legal consumption. “Re-
gardless [of the smoking ban], my
view on tobacco sales has always
been negative,” he said, adding there
is no catalyst for now to spur people
to consume more legal cigarettes.
“At the end of the day, if the gov-
ernment’s agenda is to encourage
non-smoking habits, then this is the
right way to go, but it would not be a
positive for tobacco players.”
As the only listed tobacco firm
on Bursa Malaysia, BAT’s net profit
fell 14.4% to RM352.17 million for
the cumulative nine months ended
Sept 30, 2018 from RM411.6 million
a year ago. Revenue dropped 8% to
RM2.05 billion from RM2.23 billion.
The group attributed the weak per-
formance to a volume decline.
Over the past year, BAT’s share
price has risen 20.74% to RM37.94
last Friday, with a market capitali-
sation of RM10.83 billion.
HOME BUSINESS 9
ASFRC proposes
measures
to preserve
financial stability
in Asia-Pacific
KUALA LUMPUR: The Asian
Shadow Financial Regulatory
Committee (ASFRC), compris-
ing experts on financial mar-
kets and related policy issues
PATRICK GOH in the Asia-Pacific region, has
made several recommenda-
tions to preserve financial sta-
bility and reduce the likelihood
of a financial crisis in the near
future.
ASFRC chair and Massey
University head of School of
Economics and Finance Pro-
fessor Martin Young said one
of them is to strengthen the
macro-prudential policies, im-
plemented after the 2008 global
financial crisis.
“However, these policies’
limitations and shortcomings
need to be clearly understood.
For example, restrictions on real
estate lending ignore the source
of bank financing, which may
largely come from non-core de-
posits and external wholesale
funding markets over which cen-
tral banks have little control,” he
told a media conference here.
Set up in 2004, the ASFRC,
Net profit
comprising leading academics
(RM mil) from within and outside the re-
1,000 gion proficient on Asia, held a
biennial meeting here on Sun-
800 day, discussing Asian countries’
financial challenges. The meet-
600 ing was hosted by Sunway Uni-
versity, Kuala Lumpur.
Young said bank regulators
in Asia should look closely at
increasing bank capital ade-
2.05
quacy requirements beyond
9M Basel 3 levels, as is currently
being done in countries such as
Switzerland and New Zealand.
“In addition, it is critical for
financial market participants to
better understand region-wide
risks and to do so, it requires
greater data sharing than cur-
rently is the case,” he added.
Earlier, Young said global
debt levels continued to rise,
currently at about US$244 tril-
lion, up US$27 trillion since
2016. “These levels have signif-
icant implications for financial
market stability and the likeli-
hood of a crisis.”
On how Malaysia should be-
come more resilient to the finan-
cial shock, Professor of Jeffrey
Cheah Institute on Southeast
Asia Woo Wing Thye said the
government should stop a mo-
nopoly in the banking system.
“We need to issue more
banking licences for small and
medium banks, so there is no
bank that becomes so impor-
tant to the system that it can-
not fail and more importantly,
the small and medium banks
will make it possible for small
and medium enterprises to get
financing,” he added.
He said Malaysia should di-
versify its economic activities to
ensure the country would not
be too dependent on a main
source of economy such as
manufacturing. — Bernama
10 ST O C KS W I T H M O M E N T U M
XIN HWA HOLDINGS BHD (+ve)
TRADING of shares in Xin Hwa Holdings
Bhd (fundamental: 0.6/3, valuation: 0.5/3)
triggered our momentum algorithm last
Friday for the first time this year.
The counter closed up half a sen or 0.63%
at 80 sen, with a market capitalisation of
RM172.8 million. A total of 660,700 shares
changed hands compared with the stock’s
200-day average volume of 134,639.5 shares
traded.
Xin Hwa’s net profit declined by 32.5%
to RM2.03 million for the second financial
XIN HWA HOLDINGS BHD
GENTING PLANTATIONS BHD (-ve)
TRADING of shares in Genting Plantations
Bhd (fundamental: 1.7/3, valuation: 1.4/3)
triggered our momentum algorithm last
Friday for the first time ever.
The counter closed six sen or 0.6% high-
er at RM9.98, with a market capitalisation
of RM8.04 billion. A total of 2.91 million
shares were traded compared with the stock’s
200-day average volume of 544,246 shares
traded.
Depressed prices for palm products
GENTING PLANTATIONS BHD
LTKM BHD (-ve)
TRADING of shares in chicken eggs pro-
ducer LTKM Bhd (fundamental: 0.85/3,
valuation: 2/3) triggered our momentum
algorithm last Friday for the first time
this year.
The counter closed two sen or 1.87%
higher at RM1.09, with 175,800 shares traded
compared with its 200-day average volume
of 13,631.5 shares.
LTKM’s net profit for the second finan-
cial quarter ended Sept 30, 2018 (2QFY19)
LTKM BHD
T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and 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.
P R O P E RT Y
quarter ended Sept 30, 2018 (2QFY19) from
RM3.01 million a year ago, mainly due to a
gain on disposal of property of RM700,000
in 2QFY18. There was also an increase in
staff salary of RM620,000 as a result of an-
nual increment, as well as increased bank
borrowing cost of RM490,000 during the
quarter under review.
However, revenue rose 5.9% to RM29.56
million from RM27.9 million in 2QFY18,
thanks to new contracts awarded for cargo
transportation services.
Valuation score* 0.50
Fundamental score** 0.60
TTM P/E (x) 23.09
TTM PEG (x) (0.81)
P/NAV (x) 1.16
TTM Dividend yield (%) -
Market capitalisation (mil) 171.72
Shares outstanding (ex-treasury) mil 216.00
Beta 0.22
12-month price range 0.64-1.21
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength
& profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
weighed on the performance of Genting
Plantations in the third quarter ended Sept
HK housing ranked world’s
30, 2018 (3QFY18), with its earnings down
69% to RM23.5 million from RM76.46 mil-
lion a year ago.
least affordable for 9th year
This was despite a 12.7% year-on-year
growth in revenue to RM488.84 million in BY S HAWNA K WAN
3QFY18 from RM433.89 million in 3QFY17, Melbourne came in fourth,
on the back of improved offtake from its HONG KONG: Hong Kong has been followed by San Jose
downstream manufacturing segment and ranked the world’s least-affordable hous- and Los Angeles. London
better sales at its Indahpura project. ing market for a ninth straight year.
Not only did it retain the notorious was the worst European
Valuation score* 1.40 title, homes in the city got further out city, coming in equal
Fundamental score** 1.70 of reach for most residents, according 10th with Toronto.
TTM P/E (x) 29.79 to Demographia, an urban planning
TTM PEG (x) (0.87) policy consultancy. The city’s median
P/NAV (x) 1.94 property price climbed to 20.9 times
median household income in 2018, up
TTM Dividend yield (%) 2.54
from 19.4 times a year earlier. longest losing streak since 2008, pric-
Market capitalisation (mil) 7,992.14 Vancouver was ranked the sec- es in outer London neighbourhoods
Shares outstanding (ex-treasury) mil 805.66 ond-most unaffordable market, leap- have fallen for the first time since 2011
Beta 0.55 frogging Sydney — where the housing and Sydney homeowners are grappling
12-month price range 9.01-10.26 boom has gone into reverse. Melbourne with the worst real estate slump since
*Valuation score - Composite measure of historical return & valuation came in fourth, followed by San Jose and the 1980s.
**Fundamental score - Composite measure of balance sheet strength Los Angeles. London was the worst Eu- The Demographia study covered 309
& profitability ropean city, coming in equal 10th with metropolitan markets across eight coun-
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Toronto. tries, including Australia, Canada, the
Things may get easier for homebuyers UK and the US, as of the third quarter
as property markets from Hong Kong to of 2018. Twenty-nine major housing
London join a global downturn. Hong
Kong housing values have endured their
markets were classed as “severely un-
affordable”. — Bloomberg
stood at RM7.6 million, more than six times
higher than the RM1.21 million registered
a year ago, mainly due to higher earnings
from poultry.
Quarterly revenue was also higher at Run-down buildings are hot property
RM46.72 million compared with RM44.81
million in 2QFY18. in land-scarce Hong Kong
For its cumulative six months, the group
returned to the black with a net profit of BY S HAWNA K WAN Jones Lang LaSalle Inc. These companies
RM5.72 million compared to a net loss of were forced to focus on breathing new
RM984,000 a year ago. HONG KONG: In a city with stratospheric life into old buildings to sustain their
land prices, run-down buildings can be development pipelines, he said.
Valuation score* 2.00 hot property. Rejuvenating old buildings also allows
Fundamental score** 0.85 Hong Kong developers are increasingly developers to get a foothold in prime areas
TTM P/E (x) 17.17 acquiring and revamping old buildings where land is scarce, according to Reed
TTM PEG (x) 0.12 as land gets more expensive. The number Hatcher, head of research at Cushman
P/NAV (x) 0.59
of applications for compulsory sales — & Wakefield plc.
allowing developers to gain full control During the height of the property
TTM Dividend yield (%) 1.87
of an apartment block after securing 80% boom between early 2017 and mid last
Market capitalisation (mil) 139.21 ownership — climbed to a six-year high year, land sold at government tenders
Shares outstanding (ex-treasury) mil 130.10 in 2018, government figures show. fetched increasingly eye-watering pric-
Beta 0.53 “A red-hot government land sales mar- es. Sun Hung Kai Properties Ltd paid
12-month price range 0.78-1.17 ket in 2017 and early 2018 and large plots an unprecedented US$3.2 billion for
*Valuation score - Composite measure of historical return & valuation
on offer — which translates into bigger a residential site near the city’s former
**Fundamental score - Composite measure of balance sheet strength lump-sum investments — effectively shut airport in May, almost one-and-a-half
& profitability out a lot of small- to medium-sized devel- times the previous record set in Novem-
Note: A score of 3.0 is the best to have and 0.0 is the worst to have opers,” said Denis Ma, head of research at ber 2017. — Bloomberg
TUES DAY JAN UA RY 22, 20 1 9 • T HEED G E FINA NCIA L DA ILY
EC warns polls candidates
‘No misuse of government assets, gifts or race-baiting’
BY R ASH B EHA RI B HAT TACHAR JEE
KUALA LUMPUR: The Election
Commission (EC) has warned can-
didates in the Cameron Highlands
parliamentary by-election that they
may face stern action if they flout
election regulations by treating vot-
ers to meals, giving gifts, holding
official functions and misusing gov-
ernment assets for campaigning.
The EC said it takes a serious
view of reports that the candidates
had broken election rules and cam-
paign ethics by misusing govern-
ment assets and playing on racial
and religious sensitivities during
campaigning.
In relation to the use of a govern-
ment vehicle during campaigning,
EC chairman Azhar Azizan Harun
said he had held an urgent meeting
with Malaysian Corruption Watch
head Jais Abdul Karim on Sunday,
urging the EC-appointed polls ob-
server to provide information on the
reported case to the Malaysian An-
ti-Corruption Commission (MACC).
“The EC would like to remind
all parties involved in campaign-
ing to abide by all the rules and
regulations and not commit any
election offences, including using
Colourful, vibrant Thaipusam celebrations nationwide
KUALA LUMPUR: Hindus nation-
wide observed Thaipusam yesterday
with vibrant and colourful festivities
to commemorate the occasion when
Goddess Parvati presents the Vel (di-
vine lance) to her son Lord Murugan
to vanquish an evil demon.
In Batu Caves, swarms of devotees
flooded the Sri Subramaniar Swami
Temple from 6.30am by climbing the
272 steps leading to the temple in
the cave to make or fulfill their vows.
Some of them fulfilled their vows
by carrying paal kudam (pot of milk)
and ‘kavadis’, breaking coconuts and
shaving their hair to remove sin.
Thaipusam is observed by Hin-
dus in the month of ‘Thai’, which is
the 10th month in the Tamil calen-
dar and during ‘pusam’ (full moon),
occuring in January or February.
Among the local leaders pres-
ent were Selangor Menteri Besar
Amirudin Shari and Minister in
the Prime Minister’s Department
P Waytha Moorthy.
“Today, not only Hindu dev-
otees are celebrating as there are
Terengganu assemblyman remanded in probe into false claims of RM500,000
KUALA TERENGGANU: A Tereng-
ganu state assemblyman has been
remanded for three days to help
in the investigations into the al-
leged false claims of RM500,000
last year.
The remand order, which be-
gan yesterday, was issued by Kuala
government assets to garner votes,”
Azizan said in a statement.
In connection with the alleged
use of government machinery in
the campaign, Bernama report-
ed that Pahang PKR chief Fuziah
Salleh had given a blogger 24 hours
to apologise for linking her to the
incident or face a lawsuit.
In an article published on Sun-
day, the blogger had accused Fuzi-
ah, who is Deputy Minister in the
Prime Minister’s Department, of
using a vehicle belonging to the
Raub District Forest Department.
The by-election on Jan 26 is be-
ing held after the Election Court on
Nov 30 last year nullified the victory
of Barisan Nasional’s (BN) Datuk
C Sivarraajh in the 14th general
election due to vote-buying.
The four-cornered contest in-
volves M Manogaran (Pakatan
Harapan), Ramli Mohd Nor (BN)
as well as two Independent candi-
dates — former lecturer at Institut
Aminuddin Baki, Sallehudin Ab
Talib, and farmer Wong Seng Yee.
In Tanah Rata, District Police
Chief DSP Ashari Abu Samah said
17 police reports had been lodged
during the 10 days of the by-elec-
tion campaign.
those from other races taking part,
including foreign tourists,” he said.
In Seremban, about 2,000 Hin-
dus flooded the Sri Bala Than-
dayuthapani Temple at Jalan Yam
Tuan, the oldest and largest temple
in Seremban, to perform prayers
and other religious activities.
In Melaka, although it is a work-
ing day for the state, Thaipusam
was celebrated at the Sri Subra-
maniar Devasthanam Temple in
Batu Berendam.
In Johor Baru, Sultan of Johor,
Sultan Ibrahim Sultan Iskandar at-
tended the state-level Thaipusam
celebration at the multi-purpose
hall of the 102-year-old Arulmigu
Thendayuthapani Kovil Temple at
Jalan Kuel, Wadihana.
The Sultan also received a
cheque for RM5,000 from the tem-
ple on behalf of the Tunku Laksama-
na Johor Cancer Foundation as well
as presenting two other cheques
from the temple to two welfare as-
sociations and school supplies to
10 underprivileged children.
Terengganu Magistrate/Sessions
Court senior assistant registrar
Noradila Ab Latif.
The claims were allegedly sub-
mitted through the district and
land office in a district in the state
for expenses in 32 programmes
to be held in the assemblyman’s
He said the reports were in con-
nection with the distribution of mon-
ey, damaged tents, ballot papers
which have been viralled on the so-
cial media, and an incident in Sungai
Koyan, Kuala Lipis yesterday.
“To date, only one investigation
paper has been opened under Sec-
tion 5(6)(b) of the Election Offences
Act 1954 which is about the ballot
papers which went viral on the social
media,” he said at a press conference
at the Cameron Highlands parlia-
mentary by-election media centre.
On the incident in Sungai Koy-
an, Ashari said the police were still
investigating the issue after BN can-
didate Ramli lodged a police report.
It was reported that a video
showing Deputy Water, Land and
Natural Resources Minister Teng-
ku Zulpuri Shah Raja Puji, who is
also DAP vice-president, going to
the Umno Rompin premises in Pos
Lenjang, Kuala Lipis with several
people over the alleged use of a gov-
ernment vehicle for campaigning.
The video also showed an alter-
cation between BN machinery with
a person wearing a shirt with the
Pakatan logo and a vehicle with the
logo of the Pahang State Forestry
Department.
In Perak, Human Resources
Minister M Kula Segaran and Per-
ak Menteri Besar Datuk Seri Ah-
mad Faizal Azumu attended the
Thaipusam celebration at the Subra-
maniar Temple located in the lime-
stone area of Gunung Cheroh, Ipoh.
In Kedah, over 100,000 Hindus
attended the massive celebration
at the Sri Subramaniya Swami Dev-
constituency but were not con-
ducted.
He is being investigated under
Section 18 of the Malaysian An-
ti-Corruption Commission Act
2009 for false claims in May last
year.
If found guilty, he can be jailed
Ashari said BN had also lodged
a police report on the use of the
vehicle for campaigning.
On allegations of money hand-
outs by Pakatan as seen in several
photographs on the social media
recently, he said the case had been
handed over to the MACC.
Ashari also said police had ap-
proved 41 permits for talks to be
held during the campaign period,
which include 25 permits applied
by BN and 16 by Pakatan.
On the early voting today, Ashari
said 232 police officers and staff
members will vote at the Brinchang
police station information room for
the Tanah Rata state assembly seat
while 15 police officers and staff
members will vote at the Sungai
Koyan police station information
room for the Jelai state assembly
seat.
In Ipoh, DAP vice-chairman M
Kula Segaran said Pakatan needs
to double its efforts to secure a
win in the Cameron Highlands
by-election.
He said even though BN had put
forward an Orang Asli candidate,
Pakatan believed that it could win
the by-election but it would be a
tough fight.
Visitors
thronged the
Sri Subramaniar
Swamy Temple in
Batu Caves to mark
Thaipusam on
yesterday. Photo
by Bernama
asthanam Temple in Sungai Petani.
In Penang, the intersection of
Jalan Brook and Jalan Utama, here
was closed to facilitate the chari-
ots’ procession for the Thaipusam
celebration and the devotees and
visitors have arrived early in the
morning to perform the 2km walk
to reach the temple at Jalan Kebun
Bunga. — Bernama
up to 20 years and fined no less
than five times the value of the
claims or RM10,000, whichever
is higher.
The detention of the 54-year-
old state assemblyman comes
after that of the chairman of a
youth association on Jan 9, and a
H O M E 11
Standards
for bridge
guardrails
need review,
says Chow
BUTTERWORTH: Concession
companies were urged to review
the appropriate mechanisms for
the guardrail installation of the
Penang Bridge and the Sultan
Abdul Halim Mu’adzam Shah
Bridge to prevent incidents of
vehicles plunging into the sea
from recurring.
Penang Chief Minister Chow
Kon Yeow said the existing guard-
rails were probably not tall enough
to meet the standards to prevent
vehicles from plunging into the sea.
“In order to stop such incidents
from recurring, it is very important
for the authorities to further review
the specifications and standards of
the guardrails to reduce the risks
faced by bridge users.
“Perhaps it (the barrier) is suf-
ficient to prevent ‘normal’ ac-
cidents but the crash on early
Saturday morning was a high
impact ... which may prove the
guardrails to be incapable of pre-
venting vehicles from plunging
into the sea, so they need to be
reviewed,“ he told reporters after
launching a road safety advocates
programme for the coming Chi-
nese New Year, ‘Drive Safe With
Us’, for Bagan Jermal constituency
here yesterday.
He was commenting on the
incident where a sports utility
vehicle plunged into the sea at
kilometre 4 of the Penang Bridge
towards Perai here at 2.54am yes-
terday.
The driver, identified as a
20-year-old private college stu-
dent, Moey Yun Peng, and his
vehicle were still missing and the
second day of search and rescue
operation continued yesterday.
Meanwhile, the Penang Road
Safety Department director M
Thurkahthevi, who was also pres-
ent, said the statistics of road
accidents for the state as issued
by the Royal Malaysian Police
showed an increasing trend every
year.
“In 2017, the number of re-
ported accidents was 43,007 cas-
es compared to 42,244 cases re-
corded in 2016, an increase of
763. While in 2018 the figure also
showed an increase, but we have
yet to receive the full data which
will be updated in the near fu-
ture,“ he said. — Bernama
district officer last Monday.
Both were detained in connec-
tion to alleged false claims.
The state assemblyman was
called to the Terengganu MACC
Office at about 5pm on Sunday to
give his statement into the case.
— Bernama
12 B R O K E R S’ C A L L
More job wins expected for Kerjaya
Kerjaya Prospek Group Bhd
(Jan 18, RM1.28)
Downgrade to market perform
with an unchanged target price
(TP) of RM1.20: Last week, Kerjaya
Prospek Group Bhd announced
that it had been awarded a con-
struction contract for a proposed
development project in Cyberjaya
worth RM155 million from Aspen
Entity Sdn Bhd, a subsidiary of HCK
Capital Bhd. This is Kerjaya’s first
job win in 2019. The scope of works
comprises two blocks of 11-storey
serviced suites on top of a five-level
car park podium, plus two levels of
common area and facilities as well
as one block of 25-storey serviced
suites on top of a five-level car park
podium and two levels of common
area and facilities. The construction
work is expected to commence on
March 1 and to be completed with-
in 24 months.
We are neutral about the job win
as the replenishment is within our
DRB-Hicom’s longer-term
prospects still promising
DRB-Hicom Bhd
(Jan 18, RM1.67)
Maintain outperform with a lower
target price (TP) of RM2.10: DRB-
Hicom Bhd announced that Proton
Automobiles (China) Ltd and Pe-
rusahaan Otomobil Nasional Sdn
Bhd had been served with a legal
claim amounting to 860.6 million
yuan (RM521 million) by Gold-
star Heavy Industrial Co Ltd. This
is in relation to the termination of
the equity joint venture contract
(EJVC) between Proton Holdings,
Lotus Group International Ltd and
Goldstar on Jan 22, 2018. Failure to
defend itself against this claim will
have a material financial impact on
DRB-Hicom. We are keeping our
forecasts at this juncture pending
further clarity, though we would
also like to highlight this potentially
significant financial risk.
From the EJVC dated April 17,
2015, a joint-venture company,
Goldstar Lotus Automobile Co
Ltd (GLAC) was incorporated on
Sept 25, 2015 to produce and sell
Lotus cars, engines, auto parts and
accessories, and to provide after-
sales services in China.
GLAC had not yet commenced
its business operations due to not
having obtained the required man-
ufacturing licence, with a deadline
originally set for Sept 25, 2017 and
subsequently extended to Dec 31,
2017 as a matter of good faith. The
termination was then announced on
Jan 22, 2018. As stated in the EJVC,
failure to obtain the said manufac-
turing licence within the agreed
time frame entitled either party to
terminate the EJVC. Hearing of the
claim has been scheduled for July 9.
This litigation may have a materi-
al financial impact on DRB-Hicom
should it fail to defend itself against
this legal suit, though management
T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
financial year 2019 (FY19) target of Kerjaya Prospek Group Bhd required to connect Penang Island
RM1.2 billion. to STP2. Post contract award, we
Assuming a conservative pre- FYE DEC (RM MIL) 2017A 2018E 2019E make no changes to our FY18-FY19
tax margin of 15%, we expect the Turnover 956.0 1,270.6 1,371.5 earnings estimates of RM145.5 mil-
project to contribute approximately Ebit 173.0 194.0 202.6
lion-RM154.5 million.
RM8.7 million per annum to bot- We downgrade Kerjaya to “mar-
PBT 168.5 194.0 204.6
tom line over the next two years. ket perform” from “outperform”
The replenishment will bring its Net profit (NP) 124.5 145.5 154.5 with an unchanged sum-of-parts-
outstanding order book to approx- Core net profit 124.5 145.5 154.5 derived TP of RM1.20 pegged at the
imately RM3.1 billion with two to Consensus (CNP) NA 146.0 163.2 unchanged valuation of 10 times
two-and-a-half years of visibility. Core EPS (sen) 10.0 11.7 12.4 price-earnings ratio (PER) on FY19
Despite the lack of major infra- Core EPS growth (%) -43 17 6 construction earnings estimate. The
structure projects moving forward, NDPS (sen) 2.5 3.1 3.6
downgrade in our recommendation
we believe that Kerjaya would be is mainly due to the recent share
Core PER (x) 12.6 10.8 10.1
the least affected contractor in town price rebound while we remain
as it has zero exposure to govern- BV/share (RM) 0.66 0.74 0.82 comfortable with our valuation
ment-related jobs as all of their Dividend yield (%) 2.0 2.4 2.8 basis at this juncture. Nonetheless,
construction jobs are from the pri- Source: Kenanga Research the valuation ascribed to Kerjaya
vate sector. Moving forward, we is at the higher end of our small to
believe this contract win showcas- mid caps’ PER range of six times to
es the confidence HCK Capital, a imately RM400 million from Datuk billion. As for the longer term, we 11 times due to their excellent track
reputable developer, has towards Tee’s (Kerjaya’s major sharehold- believe that Kerjaya stands a good record in project delivery with-
Kerjaya’s delivery, which could re- er) private property arm as it is chance of winning more contracts out a single delay, better margins
sult in more job wins. In the near looking to launch a mixed devel- in Penang mainly from E&O Bhd’s compared to the other players and
term, we are still anticipating an- opment in Old Klang Road with a Seri Tanjung Pinang 2 (STP2) pro- total non-reliance on government
other replenishment worth approx- gross development value of RM1 ject as we believe more bridges are jobs. — Kenanga Research, Jan 18
Contract termination setback
seen manageable for Muhibbah
Muhibbah Engineering (M) Bhd
(Jan 18, RM2.80)
Based on the current circum-
stances, we believe that the risk
Downgrade to neutral with an is concentrated on the near-term
unchanged target price (TP) of earnings projection. Furthermore,
The turnaround of RM3.15: According to a Bursa an- we note that the impact on earnings
Proton is on track with nouncement, Muhibbah Viccana is muted for financial year 2020
a strong demand for joint venture (JV) has received a onwards. Whilst the outcome has
Proton X70. The Edge notice from Bintulu Port Authority yet to be finalised, our assumption
file photo to terminate its port infra contract. is pointing towards a managea-
The contract was awarded to the ble setback. In this regard, we opt
JV company in April 2017. to maintain our estimates at this
Muhibbah Engineering (M) Bhd juncture given the uncertainties
has a 51% equity interest in Muhib- of the final outcome. We believe
bah Viccana JV. In April 2017, the JV this is apt as we make allowance
company was awarded a contract for the ongoing negotiation and
to undertake the development of discussion with the Bintulu Port
a supply base wharf and associ- Authority.
ated works in the second harbour Nonetheless, we feel that a
DRB-Hicom Bhd basin at Bintulu Port in Sarawak. downgrade to “neutral” is war-
CAGR The contract value was estimated ranted. We believe the current
FYE MARCH (RM MIL) 2017A 2018A 2019F 2020F 2021F (%) at RM584.8 million, with Muhib- TP of RM3.15 displays our con-
Revenue 12,058.3 12,789.7 13,171.2 13,593.0 14,242.4 4.2% bah’s share of works carrying a val- servative stance to mitigate the
Operating profit* -100.8 531.6 107.3 254.6 427.0 nm ue worth RM400 million. The job risk for a near-term adjustment.
Pre-tax profit* -222.2 415.1 162.7 296.0 463.4 nm scope involved the construction Assuming that a fair compen-
Reported net profit* -454.4 498.4 92.7 168.7 264.1 nm of wharf, jetty and other associ- sation for Muhibbah is agreed
EPS (sen) -23.5 25.8 4.8 8.7 13.7 nm
ated facilities. Accordingly, it was upon, we need to caution that
scheduled to complete at the end reparation could take a while to
PER (x) nm 8.7 37.3 20.5 13.1 of calendar year 2019. materialise. Based on the current
DPS (sen) 1.0 3.0 3.0 3.0 3.0 Our rough estimate arrives to price, our TP implies a 7.5% up-
Dividend yield (%) 0.4 1.3 1.7 1.7 1.7 a progress work at around 45% side to investors and an earnings
*Reported numbers — including exceptional items to 50%. That leaves the contract’s yield of 6.7%. Moving forward,
Sources: Company, PublicInvest Research estimates current unbilled value at a range of we believe any retracement in
RM200 million to RM220 million, share price will unveil an attrac-
or about 9.7% of Muhibbah’s RM2.1 tive position for entry. — MIDF
believes it has a fair chance. Cash manufacture and sell three Geely billion outstanding order book. Research, Jan 18
and bank balances stood at RM2.8 models, namely Boyue sport utility
billion as at September 2018. Pend- vehicle (SUV) (that is Proton X70), Muhibbah Engineering (M) Bhd
ing further clarity, we keep our fore- SX11 SUV and VF11 multipurpose
casts at this juncture though we vehicle. The agreement allows Pro- FYE DEC (RM MIL) 2014 2015 2016 2017 2018F 2019F
would also like to highlight this po- ton to market the models to Brunei,
tentially significant financial risk. Indonesia, Malaysia, Singapore and Revenue 1,733.60 1,707.50 1,918.70 1,388.20 1,548.00 1,452.1
The hearing date will be on Jul 9. Thailand for a period of 10 years. Ebit 110.9 178.8 87.6 81.5 108.36 116.2
Despite this potential setback, We maintain our “outperform” Pre-tax profit 145.1 183.1 160.5 216.4 185.76 150.7
the turnaround of Proton is on track call on DRB-Hicom with a lower Patmi 81.4 107.7 105.5 131.6 123.84 101.6
with a strong demand for Proton sum-of-parts-derived TP of RM2.10 EPS (sen) 16.9 22.4 21.9 27.3 25.7 21.1
X70. The number of bookings re- as we raise our discount factor to EPS growth (%) -10.5 32.3 -2.0 24.7 -5.9 -17.9
corded is currently around 15,000 account for these current uncertain- PER (x) 17.7 13.4 13.6 10.9 11.6 14.2
units, with local manufacturing ties. We still like the group’s longer-
(completely knocked down) expect- term prospects premised on its Pro- Net dividend (sen) 4.0 5.0 5.0 7.0 5.0 6.4
ed to kick off in the second half of ton-led turnaround. Sentiment may Net dividend
calendar year 2019. To recap, Pro- take a short-term hit, however. — yield (%) 1.3 1.7 1.7 2.3 1.7 2.1
ton has secured the mandate to PublicInvest Research, Jan 18 Source: MIDF Research
TUES DAY JAN UA RY 22, 20 1 9 • T HEED G E FINA NCIA L DA ILY
Astro seen focusing
on upselling NJOI
Astro Malaysia Holdings Bhd
(Jan 18, RM1.50)
Maintain buy with a lower target
price (TP) of RM1.70: On the back
of a recent improvement in the Con-
sumer Sentiment Index after the 14th
general election, we believe Astro
Malaysia Holdings Bhd’s earnings
will remain resilient, capitalising on its
double-edged strategy of digital and
subscription base revenues, backed by
its 5.6 million household customers.
Additionally, the home shopping
segment is experiencing a tremen-
dous growth stemming from its
joint-venture partner strategy.
Challenges are expected to per-
sist in this segment as Astro expects
a growth in premium subscribers to
be sustainably muted.
Astro is focusing on upselling
NJOI, a free satellite television (TV)
service, and monetising further
through more prepaid consumption
and slowly converting more NJOI
subscribers to its pay-TV platform.
NJOI is able to capture a wide
audience base and is benefiting ad-
More Rapid orders expected to sustain
Pantech’s strong earnings for FY19
Pantech Group Holdings Bhd
(Jan 18, 46.5 sen)
Maintain buy with an unchanged
target price (TP) of 71 sen: Pan-
tech Group Holdings Bhd’s third
quarter of financial year 2019
(3QFY19) core net profit of RM11.2
million — quarter-on-quar-
ter (q-o-q): -4.9%; year-on-year
(y-o-y): +6.5% — was within es-
timates. The cumulative nine
months of FY19 (9MFY19) core
net profit of RM35.1 million (-2.9%
y-o-y) was within our estimates but
exceeded consensus estimates,
accounting for 76% and 85% of
our and consensus expectations.
Revenue in 9MFY19 grew 0.3%
y-o-y as domestic demand, espe-
cially from the refinery and petro-
chemical integrated development
(Rapid), offset a revenue loss from
the suspension of carbon steel
exports to the US. Profi tability
margins remained largely un-
changed q-o-q but grew slight-
ly y-o-y due to a better product
mix at Pantech’s trading division.
Nevertheless, revenue and profit
in the trading and manufacturing
divisions declined slightly q-o-q.
Pantech’s stainless steel plant was
at a 90% utilisation rate.
We believe its carbon steel
plant utilisation remains low at
about 30% as the suspension of
exports to the US remains. Mov-
ing forward, Pantech may use the
underutilised capacity to secure
orders from Southeast Asia and
Malaysia. To recap, its carbon
steel plant was at a 90% utilisa-
tion rate. Pantech’s Nautic steel
plant’s utilisation rate remained
B R O K E R S’ C A L L 13
vertisement expenditure (adex) with Astro’s ability to retain Astro Malaysia Holdings Bhd
more than 2.3 million NJOI custom-
ers, and expects the customer base to
subscribers for its FYE JAN (RM MIL) 2017 2018 2019F 2020F 2021F
grow higher than the financial year sports package lies Revenue 5,612.6 5,530.8 5,532.3 5,610.8 5,600.2
2018 (FY18) growth of 18%. in its crown jewel — Ebitda 1,816.6 1,819.8 1,806.2 1,908.9 1,877.4
Astro considers over-the-top play-
ers are less of a threat to its business
the English Premier Ebit 1,095.1 1,140.0 1,138.1 1,255.6 1,228.4
model as generally Malaysians are League broadcast. Finance cost (271.6) (236.8) (376.7) (299.4) (299.4)
still unable to afford a smart TV, pre- Profit before tax 845.5 1,073.2 808.2 971.3 950.5
ferring local content. Tax (228.5) (309.2) (218.4) (262.5) (256.9)
Astro perceives the piracy issue off Net profit 617.0 764.0 589.7 708.8 693.6
its set top boxes has a more profound one-off expense is expected to be Minority interest (6.7) (6.6) - - -
disruption to its business model. felt in FY20. Reported Patmi 623.7 770.6 589.7 708.8 693.6
On the other hand, Astro cited the We believe the ability to retain
Exceptionals (54.9) 117.4 - - -
piracy issue could benefit its cost struc- subscribers for its sports package
tures as Astro managed to negotiate lies in its crown jewel — the English Core Patmi 678.6 653.2 589.7 708.8 693.6
a lower content cost for international Premier League broadcast. Consensus 581.2 669.0 683.4
contents affected by the piracy issue. However, in a recent develop- HLIB/consensus 101.5 105.9 101.5
Astro had also embarked on cost ment, Facebook has secured the Source: HLIB Research
cutting, yielding positive results in rights to stream the Premier League
the third quarter of FY19. from 2019 to 2022 in neighbouring
Astro expects more cost rational- countries, and we do not discount FY21 forecasts higher by 2% to 3%. revenue, a steady adex outlook and
isation through marketing, content, the possibility of Facebook striking a While our earnings are raised, our the ability to increase average reve-
personnel and administrative lines similar deal in Malaysia when Astro’s TP is reduced slightly from RM1.83 nue per user.
that will result in long-term cost sav- current deal expires in 2022. to RM1.70 mainly due to working The group also pays a very gen-
ings and better productivity. Following the transfer of analyst capital adjustments. erous dividend, translating into a
The full-blown impact from its coverage, we introduced new finan- We like Astro for resiliently gener- yield of 7%. — Hong Leong Invest-
voluntary separation scheme via a cial forecasts and revised our FY19 to ating revenue from its subscription ment Bank Research, Jan 18
*
stable at 60%, mildly positive for
the group. On the other hand,
Pantech’s galvanising plant re-
corded a 65% utilisation rate.
The distribution of a treasury
share for every 100 shares was
declared for the quarter under
review. This is equivalent to a div-
idend of 0.5 sen per share given
the average acquisition cost of
51 sen per treasury share. This
brings year-to-date (YTD) divi-
dend to one sen per share, lower
than FY18’s YTD dividend of two
sen per share. We maintained our
earnings forecasts.
On its outlook, the group’s
strong earnings for FY19 are sus-
tainable given a continued flow-in
of Rapid orders; improved mar-
gins as demand increases; and
improved plant utilisation rates
as well as a turnaround at its gal-
vanising plant. This is despite
an anti-dumping duty imposed
on Pantech. Nevertheless, un-
certainties on the anti-dumping
duty imposed by the US may re-
sult in Pantech losing about 20%
of its revenue. However, after a
meeting with management, we
believe Pantech will be able to
rectify this issue.
We maintained our TP of 71
sen based on 11 times calendar
year 2019 (CY19) price-to-earn-
ings ratio (PER). We believe the
suspension of carbon steel ex-
ports to the US will be rectified. Trump, Kim
Decent dividend yields of 5.4% to expected
6.5% in FY19 to FY21 will cush- to meet in
ion any downside risk. We main-
tained our “buy” call. — TA Se- February
curities, Jan 18 Page 17
14 C O M M E N T
Getting cross over crosses
Politicians need to stop playing the racial and religious cards to incite strife among the races
BY M O H SI N A B D U L L A H
T
here have been so many
times when the Chris-
tian cross was used or
misused to fan reli-
gious sentiment and
incite anger among the
Malay-Muslims of the country that
it is a matter of concern.
One incident which comes to
mind was in 2015 when a group
protested angrily against a church
which was situated in a shoplot in
Taman Medan in Petaling Jaya, Se-
langor when the congregation put
up a cross on the church building.
The reason for the group’s an-
ger? Taman Medan is a majority
Malay-Muslim residential area.
And it’s not only the real cross
that can trigger anger apparently.
Anything which looks like a cross
can have the same effect.
Remember the big hoo-ha in
Langkawi, also in 2015? When the
air wells of newly completed houses
were found to be shaped like cross-
es, there was anger. Why? Because
the house buyers were mostly Ma-
lay-Muslims.
Now we are hearing of such an-
ger over the lights of an apartment
building in Penang which resem-
ble the cross — prompting Deputy
Chief Minister II P Ramasamy to
Global taxation for the digital age
BY G I L L I A N TA NS
THE question of how to tax increas-
ingly globalised and digitised busi-
nesses is vital to the future health of
cross-border trade and investment.
Sadly, the current debate is mired in
confusion and complexity, and is not
helped by populist political respons-
es that demonise digital businesses.
A prime example is the Europe-
an Commission’s (EC) proposal,
first published in March 2018, to
create a European Union (EU) dig-
ital services tax (DST). The meas-
ure is aimed mainly at multina-
tional tech giants whose corporate
structures allow them to siphon
digitally derived profits to low-tax
jurisdictions. But should the DST
take effect, it will be Europe’s own
start-ups and digital ecosystems
that pay the biggest price.
As a company that operates in
a globalised market, we have nu-
merous concerns about the limit-
ed vision for the future of business
embodied in the EC’s proposals.
This is why we must oppose the
DST idea in its entirety.
The proposed DST, as well as
rushed digital taxation efforts by
several EU member states, reflects
the outdated idea that digital com-
panies are different from tradition-
al businesses. As entire industries
call upon developers to be mindful
of the social environment, saying
“why invite trouble by displaying
something which can be used to
provoke anger and concern?”.
I cannot say if that is good advice
or otherwise but it came after the
display of lights in the building was
exploited to raise the heat. Pas’ Nas-
ruddin Hassan for one was quick
to pounce, accusing the developer
of the building of having a Chris-
tianisation agenda.
Political enemies of Pakatan
Harapan have been playing the ra-
cial and religious cards even before
May 9, 2018. The cross is just one of
them. There are many more. The un-
derlying message is Islam is under
threat and non-Malays are getting
bolder under Pakatan’s rule as it is
led by DAP lording over the Malay
leaders in government.
Of late they are stepping up the
accusations. And the sad thing is
quite a number of Malays are lap-
ping it all up.
Former journalist Zin Mahmud
opines that in the case of the light-
ed cross in Penang, many Malays
are angry because they see the
display of a non-Islamic religious
symbol as a direct challenge to
them and Islam.
He said this could be due to a
superiority or perhaps even an in-
become digitised, this distinction
grows increasingly unsustainable.
Attempting to maintain it threatens
to cause serious long-term dam-
age to European businesses and
national economies.
Under current international cor-
porate tax rules, businesses can be
taxed only on profits they earn in
the country in which they are phys-
ically based, but not if trading is
conducted through digital means.
The often-heated discussion sur-
rounding this issue has generated
an image of large multinational
tech firms profiting in local markets
and using local infrastructure while
operating without any tax liability.
This increasingly widespread
narrative contributed to the EC’s
proposals for an EU-wide DST,
along with the wider reform of
corporate taxation to cover any
substantial operational presence
by a digital business. But rather
than producing a tax system that
is fair and supportive of business,
the DST would be much more likely
to erode the benefits and oppor-
tunities that the digital economy
currently offers to companies and
consumers.
The proposed DST — suppos-
edly an interim solution, pending
the agreement of global measures
— has two specific drawbacks.
For starters, taxing businesses
based on revenue rather than re-
alised income will result in an in-
feriority complex of the Malays who
are worried they they could be rid-
iculed and looked down upon by
people of other faiths.
Add that to the fanning of senti-
ments by political forces and race-
based NGOs and we have the cur-
rent situation of Malays pushing
their weight around. I don’t have
to spell it out except to say that it is
sad. It is equally sad that non-Ma-
lays are fighting back. We seem to
be divided as a nation.
Ilham Centre CEO Mohd Azlan
Zainal says it is extremely difficult
for Malaysia to be rid of the ele-
ments of race and religion in poli-
tics because the two issues make up
the most effective way to mobilise
the masses to protest against the
government.
He cited as examples the an-
ti-ICERD protest, the Seafield temple
incident and the cross in the Penang
apartment issue where sentiment
and prejudice were easily fanned
— leaving Pakatan appearing to be
on the defensive and struggling to
find solutions.
The ICERD, which is the United
Nations treaty that aims to outlaw
all forms of racial discrimination,
became a political hot potato after
Prime Minister Tun Dr Mahathir
Mohamad pledged to the world
body in September that the new
tolerably heavier tax burden for en-
terprises with low profits and high
turnover. Rather than hitting the
targeted tech giants, a DST would
most likely be a hindrance to the
many European tech start-ups that
have become global leaders in their
fields.
This innately unfair approach
will distort competition, undermine
enterprise, and harm domestic eco-
nomic growth. Unfortunately, EU
leaders are too focused on curbing
the corporate structures of certain
global tech brands to see the nega-
tive long-term implications that a
DST would have for the growth of
European businesses.
The second problem is the likely
creation of a patchwork of digital
taxation measures, both within and
beyond the EU. Although the EC ar-
gues that its proposed DST would
prevent the emergence of similar
T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
government would ratify all out-
standing human rights conventions.
After Malay rights groups ex-
pressed concern that the special
rights of Malays under the constitu-
tion would be eroded, Dr Mahathir
said the government would uphold
the constitution.
To Azlan, the Pakatan administra-
tion has to tread carefully in balanc-
ing the concerns of Malay-Muslims
and the non-Malays and non-Mus-
lims who had voted for them.
So what should Pakatan do? To
Azlan, tackling the people’s econom-
ic problems is one way to address
this dilemma. In particular, the gov-
ernment will need to help people
overcome the high cost of living.
Another priority is to implement
reforms, especially in education.
PKR’s Gooi Hsiao Leung does not
agree that racial or religious strife
will not occur if we get the economy
going, “as some politicians will tell
you”. He thinks the implication that
we will not have to deal with these
difficult questions if the economy
is doing well is misguided.
Instead, according to Gooi, “we
have to start having uncomfortable
conversations about difficult issues
until we learn to be comfortable
talking about them”.
The difficult issues he is referring
to are obviously racial and religious
Flags of the EU fly
outside the headquarters
of the European
Commission in Brussels,
Belgium. Should the
digital services tax take
effect, it will be Europe’s
own start-ups and
digital ecosystems that
pay the biggest price.
Photo by Bloomberg
policies at the national level with-
in the EU, recent developments in
the UK, France, and Italy suggest
the opposite.
Furthermore, a rushed or ill-con-
sidered digital taxation strategy by
the EU could result in a template
that is replicated internationally.
This could lead to a patchy global tax
map, with confusion, variation, and
forms of double taxation accepted
as standard. The consequences, in
terms of the growth and survival of
small- and medium-size business
around the world, could be grave.
On a more encouraging note, the
Organisation of Economic Coop-
eration and Development (OECD)
is making good progress towards
reaching a consensus on digital
taxation — covering search en-
gines, online marketplaces, and
social media platforms. I strongly
believe that collaboration at the Gillian Tans is CEO of Booking.com.
issues and not facing them, said
Gooi, is like ignoring the elephant
in the room.
I agree but just need to add that
people, who come to the discussion
table to talk about uncomfortable
issues, ought to come with an open
mind, be willing to listen and adopt
new positions if ideas from the other
side sound reasonable and logical.
Coming to talk about difficult issues
with a stubborn or adamant stance
defeats the purpose of such talks.
As far the lights that resemble
the cross are concerned, Gooi, as
we know, had chastised Umno MP
Datuk Seri Reezal Merican for po-
liticising the incident.
Many non-Malays agree with him
and echo his views. A good number
of Malays, however, are upset and
call him all sorts of names which I
will not repeat here.
In a nutshell a lot needs to be
done to arrest such divisiveness.
The country needs to unite no mat-
ter what the ideological differences
might be.
Divisive politics cannot be
stopped but can be rejected. The
voice of moderation must prevail.
Mohsin Abdullah is contributing
editor at The Edge. He has covered
politics for four decades.
OECD/Group of 20 (G20) level is
essential to developing fair and
transparent tax rules for businesses
offering digital services. This is an
approach that I fully support and
that is more likely to protect the
interests of businesses and econ-
omies alike.
Companies like ours operate
in a truly globalised world. We are
required to comply with a variety
of tax laws and, like all progressive
businesses in the digital era, are
happy to do so. What we want is a
fair, supportive corporate tax sys-
tem to help safeguard growth across
the board, particularly when eco-
nomic conditions are challenging.
Business taxation must continue
to be based fundamentally on re-
alised income, and a global con-
sensus regarding the development
of a uniform taxation framework is
now essential.
Such a consensus cannot wait.
The global economy is becoming
more digitised by the day. As a Eu-
ropean company, we want to see
EU businesses grow, succeed, and
become leaders in this exciting new
landscape. Separate tax measures,
such as the DST, for digital com-
panies are short-sighted and un-
realistic, and will ultimately prove
counterproductive for all. — Project
Syndicate
TUES DAY JAN UA RY 22, 20 1 9 • T HEED G E FINA NCIA L DA ILY
LG said
to supply
gesture-reading
system for
Mercedes-Benz
BY SA M K I M
SEOUL: LG Electronics Co is
the supplier for a Daimler AG
Mercedes-Benz model that will
feature a motion-detection sys-
tem that can read a driver’s
gestures in order to control
some automobile functions,
people with knowledge of the
matter said.
A camera installed in the
car ceiling will read the driv-
er’s hand gestures, letting them
control tasks such as turning
on cruise control and adjusting
music volume. Ultimately, LG
envisions a system that can per-
form more complex functions
such as shifting gears, said the
people, asking not to be iden-
tified because the information
is not yet public.
BMW has already deployed
a similar system in its 7 Se-
ries sedans, using technolo-
gy from Softkinetic Systems,
which was later bought by Sony
Corp. A Jan 8 news release by
Mercedes-Benz from CES in
Las Vegas showcased a new
feature called MBUX Interior
Assist, which lets occupants of
the Mercedes-Benz CLA Coupe
control functions with gestures.
The ability to detect pedes-
trians and read traffic signs has
also been deployed by sever-
al carmakers; such advanced
driver assistance systems are
building blocks for fully au-
tonomous vehicles that can
fundamentally change the way
people ride in cars in the future.
LG is also working on a driv-
er-assistance system, which
it aims to supply to Daimler
later this year or in early 2020.
Delivery was initially set for
later this year, but was being
delayed because the South
Korean company had trouble
acquiring the necessary chips,
one of the people said.
LG is a member of a South
Korean conglomerate that has
been stepping up efforts to
supply car components, from
electronic batteries to digital
dashboards.
LG competes with Intel
Corp’s Mobileye and Harman, a
unit of Samsung Electronics Co,
in the driver-assistance market,
which is expected to expand
to US$67 billion (RM275.54
billion) by 2025 according to
Grand View Research.
The Seoul-based compa-
ny is seeking new sources of
profit as its mobile phone and
consumer electronics sales
shrink in saturated markets.
LG said earlier this month
that its fourth-quarter oper-
ating profit fell 80% to 75.3 bil-
lion won (RM309.79 million),
compared with the 389 billion
won average analyst estimate
compiled by Bloomberg. —
Bloomberg
Toyota, Panasonic to
set up EV battery JV
The aim of this is to compete with Chinese rivals — source
BY M AKIKO YAM AZAKI
TOKYO: Toyota Motor Corp and
Panasonic Corp are set to launch a
joint venture (JV) next year to produce
batteries for electric vehicles (EV) to
compete with rivals from China, a
source familiar with the matter said.
The JV, to be owned 51% by Toy-
ota and the rest by Panasonic, can
also provide batteries to Toyota’s EV
technology partners Mazda Corp
and Subaru Corp, the source said
yesterday.
A JV would build on the agree-
ment that the pair announced in late
2017 on joint development of the
batteries with higher energy den-
South Asia tops the ranks of world’s
highest real interest rates
BY MICHELLE JAMRISKO
SINGAPORE: Real interest rates in
South Asia are among the highest
in the world, raising the prospect
of more dovish monetary policy
in the region.
Sri Lanka, Pakistan and India
rank in the top five of the world’s
major economies with the highest
inflation-adjusted interest rates.
While negative real rates might
be considered a sign of financial in-
stability, a high inflation-adjusted
benchmark interest rate is, on bal-
ance, a reason for central bankers
to consider a looser policy stance.
Indian Finance Minister Arun
Jaitley has complained about high
real rates, and economists are start-
ing to price in the possibility of a
rate cut as early as next month.
The other economies in the top
five are more of a mixed bag.
A political crisis in Sri Lanka,
which has the highest real interest rate
by far at 6.2%, forced central bankers
there to turn their focus to sluggish
economic growth. The central bank
Nintendo rebounds as optimistic signs emerge after brutal year
BY YUJI NAKAM UR A
& YUKI FURUKAWA
TOKYO: Nintendo Co investors,
battered by slower-than-anticipat-
ed sales of the Switch and a steep
share decline last year, are starting
to feel optimistic again.
The possibility of price cuts
for the machine, an improving
software pipeline and the com-
ing launch of Nintendo’s biggest
mobile game in two years are all
boosting confidence.
sity in a prismatic cell arrangement.
A Toyota spokesman said the two
companies have been working on
the battery partnership announced
in 2017 and declined to comment
further. The two companies may
announce the JV plan as early as
this week, according to the source.
The battery JV will help Toyota
achieve an annual sales target of
around one million zero-emission
battery EVs and fuel-cell vehicles
by 2030.
It will also give Panasonic cost
and scale advantages in battery pro-
duction at a time when China’s Con-
temporary Amperex Technology Ltd
has grown to be on par with the long-
kept the benchmark rate unchanged
at the end of last year after one cut
and one hike earlier in 2018.
Egypt could be headed for an
interest rate cut if inflation remains
low. Pakistan took aggressive in-
terest rate action last year to curb
a balance of payments crisis and
That has helped to fuel a 22%
stock jump since a December low,
following a peak-to-trough slump
of 44% in 2018.
It is not that Nintendo has sud-
denly solved its biggest challenge:
expanding Switch’s user base. But
concerns over last year’s missteps
— fewer game releases, the flop of
cardboard toy accessory Ninten-
do Labo, and falling short of its
goal for Switch shipments — are
fading away.
With software sales for the last
W O R L D B U S I N E S S 15
time industry leader on the back of
the rapidly growing home market.
Under the planned JV, Panason-
ic would shift most of its prismat-
ic battery-related equipment and
facilities in Japan and China to the
JV, while those producing batter-
ies for Tesla will remain under the
company, the source said.
Panasonic already makes prismat-
ic batteries for Toyota, whereas for Te-
sla it makes cylindrical batteries of a
type similar to those used in laptops.
It is not clear yet how Panasonic
would supply its prismatic batter-
ies to other motor vehicle clients,
which include Honda Motor and
Ford Motor. — Reuters
may have more structural chang-
es to make.
In Turkey, things are more com-
plicated as officials must weigh a
need to defend the still-struggling
lira versus the temptation to juice
an economy that is saddled with
crippled growth. — Bloomberg
three months of 2018 showing
strength, profits should stand up
despite weaker hardware revenue
when Nintendo reports results on
Jan 31, according to Pelham Smith-
ers, who runs Pelham Smithers
Associates Ltd in London.
“We favour the stock now. I have
a real problem thinking where the
disappointment will come from this
year,” Smithers said.
Of the 22 analysts tracking the
Kyoto-based company, 19 have giv-
en it a “buy” rating. — Bloomberg
Chinese
drone giant
DJI unearths
US$150m losses
from fraud
BY LULU Y ILUN C H E N
HONG KONG: SZ DJI Tech-
nology Co, the world’s largest
drone maker, has unearthed
cases of fraud involving its
own employees that may trig-
ger losses of about one bil-
lion yuan (US$150 million or
RM616.88 million), marking
one of the largest recent cases
of graft among China’s tech-
nology giants.
DJI, which discovered the
corruption in an internal probe,
said it has fired many work-
ers who inflated parts costs for
personal gain, and contacted
law enforcement. The drone
maker is still looking into the
situation, which is “extensive”
and involves a major sum, it
said in a statement.
The company did not say
how many employees are in-
volved.
DJI, which employs 14,000
people worldwide, is the runa-
way leader in consumer drones
with almost three-quarters of
the market. The case exposes
a lapse in internal controls at
one of the country’s best-known
consumer technology giants, a
symbol of the rising global reach
of a clutch of fast-growing cor-
porations based in the southern
metropolis of Shenzhen.
Hong Yongxin, a company
spokeswoman, confirmed the
loss amount separately.
DJI in recent years has also
begun tackling a still fairly-wide
open enterprise arena. It’s
developed unmanned aerial
vehicles for agriculture and
surveying as dozens of com-
petitors around the world flood
the market with cheap drones,
from US$10 toys to sub-US$100
camera-carriers.
Among other things, the com-
pany has put out a development
kit that lets software developers
write applications for specific
tasks, similar to the way Apple Inc
caters to its iPhones. In October,
the company announced deals
for the Mavic 2, which will soon
survey power grids for South-
ern Co, while American Airlines
Group Inc will test the craft for
plane inspections. — Bloomberg
BLOOMBERG
Packaged cartridges of the Nintendo
Super Smash Bros Ultimate video game
for Nintendo Switch are displayed at an
electronics store in Tokyo.
16 W O R L D B U S I N E S S
Pressure on
Vestager to
allow Siemens-
Alstom rail deal
BY TARA PATEL
PARIS: Siemens AG and Al-
stom SA were given some hope
their endangered plan for a
rail merger might survive after
France vowed to step in to try to
convince Europe’s top antitrust
official not to block the deal.
Finance Minister Bruno Le
Maire and European Commis-
sioner Margrethe Vestager were
scheduled to meet yesterday in
Paris, according to a report pub-
lished in the Journal du Diman-
che newspaper.
“Conditions are met” for a
successful merger, the minister
was quoted as saying, reiterat-
ing that it would be a political
mistake to block the deal.
The move by the French gov-
ernment came after signals in-
creasingly pointed to the accord
unravelling.
Bloomberg News reported
last Friday the commission
was expected to block the tie-
up over concerns it would sti-
fle competition in the region’s
train-equipment market.
Alstom had already warned
its attempts to render the com-
bination more palatable to the
commission might come up
empty, while Siemens was said
to be considering alternatives
for its business.
Proposed concessions aimed
at allaying European Union ob-
jections — plus a last-minute
lobbying campaign from pol-
iticians warning of the threat
of Chinese rivals — had so far
failed to sway Vestager, said a
person familiar with the mat-
ter, who spoke on condition of
anonymity
A senior German official who
asked not to be named also said
he expected a veto.
A collapse of the deal would
be a setback for the manufac-
turers, which had strong polit-
ical backing from the French
and German governments for
their combination and spent
months lobbying to get it past
regulators. — Bloomberg
Goldman says pound will rise against all G10 peers this year
BY M A SA KI KON D O
SINGAPORE: The pound may
advance against all its Group of
10 (G10) peers this year as the
risk of a no-deal Brexit has been
declining, according to Goldman
Sachs Group Inc.
Sterling has strengthened for
five straight weeks as the defeat
of UK Prime Minister Theresa
May’s Brexit plan last Tuesday
was seen boosting the prospects
of a second referendum that may
result in the UK staying in the
European Union. The premier
was expected to present a new
proposal to parliament yesterday.
“We would read the develop-
Millennials take
charge of 2019 World
Economic Forum
It is also third year in a row a majority of co-chairs are women
BY ZOE SCHNEEW EIS S
& SAM UEL DODGE
LONDON: The Swiss ski resort of
Davos is about to become a ref-
uge for politicians and executives
seeking respite from a 2019 that is
mere weeks old and already proving
turbulent — China slowing, Brexit
unravelling, the US government
shuttering.
For those seeking the familiar,
this week’s annual World Economic
Forum (WEF) will feature the usual
itinerary of glittering champagne
receptions and marquee-name
panelists.
Yet the organisation is also look-
ing for some upheaval this year. It
has recruited six young leaders, all
millennials, as co-chairs to join Mi-
crosoft chief executive officer Satya
Nadella in shaping the discussion.
The age of the co-chairs notwith-
standing, the overall demography
of the event still skews older. The
average is 54 for men and 49 for
women.
This Davos also marks the third
year in a row that a majority of WEF
co-chairs are women, a clear diver-
sity commitment but one that has
not quite moved the needle for the
event as a whole. The overall share
of female attendees remains less
than one in four.
Young or old, women or men,
Davos attendees are all worried
about extreme weather events. It is
the third year that such concerns
top the WEF’s annual global risk
survey, followed by the related chal-
lenges of failed climate change mit-
igation and natural catastrophes.
Technological risks are also keep-
ing business and world leaders up
ments over the last week as point-
ing towards a later, softer Brexit or
potentially no Brexit at all,” Zach
Pandl, co-head of global currency
and emerging-market strategy at
Goldman Sachs, said in an inter-
view on Bloomberg Television.
“We think it’ll be the highest-per-
forming G10 exchange rate this
year,” he said of the pound.
The pound will appreciate
more than 5% by year end to
US$1.36, which would make it
the third-best performing G10
currency in the period, according
to a Bloomberg survey of econo-
mists and strategists. At the same
time, sterling has the most bear-
ish skew in its option prices, as
at night, namely cyberattacks and
data fraud or theft.
Climate change is particularly
on the minds of some of the new
leaders (and leaders in waiting)
attending Davos this year. New
Zealand Prime Minister Jacinda
Ardern will discuss safeguarding
the planet with TV naturalist Da-
vid Attenborough and former US
vice president Al Gore today. Less
of a fan of the topic: Newly elected
Brazilian President Jair Bolsona-
ro, who had a hand in cancelling
plans for his country to host the
2019 United Nations Conference
on climate change.
Due to the US government shut-
down, climate-change sceptic US
President Donald Trump is not at-
tending this year and also pulled the
government delegation. However,
he will still be there in spirit, given
the likely chatter about his ongoing
measured by three-month risk
reversals, suggesting investors
remain concerned over potential
downside risks.
There is little prospect of
cross-party Brexit talks yielding
a workable alternative to the
plan that parliament rejected
last week, May told her cabinet
on Sunday, according to two peo-
ple who were on the conference
call. The pound dropped 0.1% to
US$1.2859 in early Asian trading
yesterday.
“There is still plenty of un-
certainty, but we think there
are a lot of upside risks to the
pound,” Goldman’s Pandl said.
— Bloomberg
T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
trade disputes with China and other
countries. After all, the title of this
year’s WEF is “Globalization 4.0”.
Some 700 attendees at the event,
nearly a quarter of the total, are
from major trade partners with
which the US has trade deficits —
which Trump often obsesses over.
Still, even with the government
representatives dropping out, the
American contingent remains the
biggest by far.
As the WEF annual meeting’s
headcount has grown over the years
to around 3,000, so has its money-
making potential. In the last fiscal
year, revenue amounted to 327 mil-
lion Swiss francs (RM1.35 billion),
up 15% from a year earlier. That was
primarily thanks to payments from
partnerships: They accounted for
almost 70% of revenue and have
more than doubled in the last five
years. — Bloomberg
IN BRIEF
GSK chairman Hampton
to step down after
3½ years at the helm
BENGALURU: GlaxoSmith-
Kline plc (GSK) chairman Philip
Hampton will step down after
more than three-and-a-half
years in the role, Britain’s big-
gest drugmaker announced
yesterday. The announcement
comes a month after GSK’s chief
executive Emma Walmsley an-
nounced her boldest plans yet
— to split the company into
two businesses — one for pre-
scription drugs and vaccines,
the other for over-the-counter
products. Walmsley, who took
the helm in 2017, announced in
December that GSK and Pfizer
would combine their consum-
er health businesses in a joint
venture with sales of £9.8 billion
(RM51.8 billion), 68% owned
by the British company, in an
all-equity transaction. — Reuters
Top China movie ticket
app flips IPO script
with Xiaomi backing
HONG KONG: Maoyan Enter-
tainment, the Chinese online
movie ticketing platform that
launched its initial public offer-
ing (IPO) this month, is giving
investors more time to decide
on its merits now that it has at-
tracted Xiaomi Corp to the deal.
China’s top ticket app has taken
the unusual step of extending
book-building for its Hong Kong
IPO after adding three more
cornerstone investors, including
Xiaomi. Maoyan is seeking to
raise as much as US$345 million
(RM1.42 billion). — Bloomberg
Qatar plans to buy
US$500m of Lebanon
government bonds
DUBAI: Qatar plans to buy
US$500 million (RM2.06 bil-
lion) of Lebanon government
bonds to support the coun-
try’s economy. The decision
was made during Qatar’s ruler
Sheikh Tamim bin Hamad Al
Thani’s meeting with Lebanese
President Michel Aoun in Bei-
rut on Sunday, state-run Qatar
News Agency reported, citing
Qatar’s foreign minister. It did
not provide more information.
— Bloomberg
TUES DAY JAN UA RY 22, 20 1 9 • T HEED G E FINA NCIA L DA ILY
Trump, Kim expected
to meet in February
Summit is likely to take place in Vietnam — sources
BY JENNIFER JACOBS
& NI C K WA DHA MS
WASHINGTON: Administration
officials are planning for US Pres-
ident Donald Trump’s second
summit with North Korean leader
Kim Jong-un to take place in Vi-
etnam, said people familiar with
the plans.
The White House announced
last Friday that Trump would meet
Kim in late February, following a
90-minute meeting between the
president and Kim Yong-chol, one
of the North Korean leader’s top
aides. The pair discussed denu-
clearisation and a second summit,
the White House said. Yong-chol
also met last Friday with Secretary
Giuliani says Trump discussed
Russia Tower deal into late 2016
BY M AR K N I Q U ETTE
& S T EVEN T D ENN I S
WASHINGTON: Discussions be-
tween Donald Trump and his for-
mer lawyer about a possible real
estate deal in Russia continued
right up until the 2016 election,
later than previously reported, ac-
cording to Rudy Giuliani, Trump’s
current attorney.
Guiliani said it is his under-
standing that conversations be-
tween Trump and Michael Cohen
continued as late as October or No-
vember of that year. Cohen admit-
ted in a guilty plea in late 2018 that
he spoke with Trump and Russian
officials about the potential deal
China sees fewest births last year in almost 60 years
BY DA N DAN L I
BEIJING: Births in China dropped to
the lowest level in almost 60 years in
2018, signalling the country’s looser
two-child policy has done little to
reverse its slowing birth rate, and
worsening the outlook for growth in
the world’s second-largest economy.
The number of babies born last
year fell by some two million from
2017, to 15.23 million, data from the
National Bureau of Statistics showed
yesterday. Demographer He Yafu said
it was the least since 1961 and the
third-lowest since the founding of the
People’s Republic of China in 1949.
Signs of a steep drop in birth num-
bers had already emerged, as China’s
major cities disclosed their birth fig-
ures for 2018. Wenzhou saw its birth
number drop by 15.7%, the lowest in
of State Michael Pompeo.
Trump and Kim held their first
meeting in Singapore in June.
The February summit is likely
to take place in Hanoi, the capi-
tal, but Danang, site of the 2017
Asia-Pacific Economic Cooper-
ation meeting, and Ho Chi Minh
City in the country’s south have
also been discussed as possible
venues.
“Great meeting this week with
top Reps,” Trump tweeted on Sun-
day. “Looking forward to meeting
with Chairman Kim at the end of
February!”
Neither the administration nor
the North Koreans offered much
else after last Friday’s meetings
about what they had agreed to
as late as June 2016, after Cohen
earlier told Congress it had ended
much earlier.
“It’s our understanding that it,
that they went on throughout 2016,”
Giuliani said of the discussions on
NBC’s “Meet the Press” on Sunday.
“Can’t be sure of the exact date, but
the president can remember having
conversations with him about it.”
Special Counsel Robert Muel-
ler’s team last Friday took the unu-
sual step of saying elements of the
story were not accurate.
Mueller’s team has laid out mul-
tiple exchanges between Cohen,
real estate developer Felix Sater
and Russian government officials
about a proposed Trump develop-
10 years. Its Ningbo, estimated births
declined by about 17%.
A top Chinese research institution
projected the population could start
shrinking as soon as 2027 — three
years earlier than expected — if the
birth rate held steady at 1.6 children
per woman. The population — at
1.39 billion in 2017, and the world’s
largest —could fall to 1.172 billion
by 2065, it said.
In 2016, China eased its family
planning policies to allow parents
to have as many as two children,
instead of one. The nation’s parlia-
ment struck “family planning” poli-
cies from the latest draft of a sweep-
ing civil code slated for adoption in
2020, the clearest signal yet that the
leadership is moving to end limits
on the number of children families
can have. — Bloomberg
and what would be gained from
the planned summit.
That only raised more questions
because so little progress has been
made towards the US’ ultimate goal
— getting North Korea to give up its
nuclear weapons — since the first
meeting between Trump and Kim.
The prospect of another meet-
ing with Kim Jong-un offered him a
departure from the partisan stale-
mate over the US government shut-
down and the continued drip of
investigations into his Russia deal-
ings.
The president basked in the af-
termath of the first summit, when
he declared North Korea that was
no longer a nuclear threat. —
Bloomberg
ment in Moscow. While the deal
never went ahead, conversations
about it between Cohen, Trump,
his family and at least one cam-
paign official came as Russia was
in the midst of a sophisticated plan
to meddle in the US election.
In a separate appearance on
CNN’s “State of the Union” on Sun-
day, Giuliani said Trump had dis-
cussions with Cohen throughout
2015 and 2016 about the deal but
was not talking to people in Rus-
sia about it and was not directing
Cohen to say anything.
“He certainly had no discussions
with him in which he told him or
counselled him to lie,’’ Giuliani
said. — Bloomberg
Children in gowns and mortarboards running during their kindergarten graduation ceremony in a kindergarten in Handan, Hebei
province, China. A top Chinese research institution projected China’s population could start shrinking as soon as 2027. Photo by Reuters
File pic of the WTO’s
headquarters
in Geneva,
Switzerland. ‘You’re
not going to have
a durable and
lasting reform of
the WTO unless
you have China and
the United States
involved,’ Carr says.
Photo by Reuters
Gears of WTO could soon halt
amid US concerns, Canada warns
BY J O S H W IN G ROV E
& Y U KO TA K EO
OTTAWA: The operation of the
World Trade Organization (WTO)
may soon stall because of US de-
lays in appointing new judges,
Canada’s trade minister said as
he prepares to convene another
round of reform talks in Davos.
Jim Carr, in an interview with
Bloomberg’s Kathleen Hays in To-
kyo, said the US refusal to appoint
judges to the appellate body of the
164-nation WTO means that in
“the next number of months” the
WTO’s dispute settlement system
will effectively stall. That lends
urgency to talks set to take place
on the sidelines of the World Eco-
nomic Forum in Davos this week.
“The most urgent problem is
the dispute settlement mecha-
UK launches app for EU citizens
to stay after Brexit
BY ALI C E R ITC H IE
LONDON: The British government
launched a phone app yesterday
to allow European Union (EU) na-
tionals to apply to stay after Brexit,
hoping to ease concerns among
those who have made their lives
in Britain.
Around 3.5 million Europeans
currently living in Britain will need
to apply for “settled status” to con-
tinue to work and claim benefits
after Brexit.
The app launch is a test stage
before the scheme becomes ful-
W O R L D 17
nism. Without any new judges
being appointed, the gears are
going to come to a halt.,” Carr said.
This week’s talks will be miss-
ing representatives from the US
and China, the world’s two larg-
est economies, as other nations
try to navigate the giants’ trade
fight. “You’re not going to have
a durable and lasting reform of
the WTO unless you have China
and the United States involved.
You can’t start there, though. But
that’s where we’re going to have
to end up,” Carr said.
Carr’s comments come amid
rising trade tensions globally
which have Canada caught in the
middle. Canada, at the request of
the US, arrested a Huawei Tech-
nologies Co executive on Dec 1,
triggering a bitter, rising feud with
Beijing. — Bloomberg
ly operational on March 30, the
day after Britain is due to leave
the EU. It will stay open until late
2020 or 2021.
Prime Minister Theresa May
has said repeatedly she wants Eu-
ropeans living here to stay. Offi-
cials have vowed to make the pro-
cess as easy as possible, but there
are concerns at how they will cope
with what some estimates suggest
could be 6,000 applications a day.
Talks continue with Apple to
allow the app to function on iP-
hones as it currently only works
on Android phones. — AFP
18 F E AT U R E
Vietnam makes pitch
as an investor safe haven
‘The aim is to become an export economy that can grow fast, provide more jobs’
BY N G U YEN D I EU T U U Y EN
& JO H N BOU D REAU
A
red-hot economy,
business-friend-
ly policies and a
Communist party
led by free-traders
— these are the ele-
vator pitch that Vietnamese Prime
Minister Nguyen Xuan Phuc is de-
livering to global investors amid
the US-China trade war. “We are
ready to grab the opportunity,”
Phuc said in an interview with
Bloomberg TV chief international
correspondent and anchor Haslin-
da Amin a few days before de-
parting this week for the World
Economic Forum in Davos, Swit-
zerland.
Vietnam is quietly positioning
itself as a safe haven for manu-
facturers wary of getting caught
in the crossfi re of the tariff war
between the US and China. With
free trade agreements, a relatively
cheap labour and close proximity
to China, Phuc has a good story to
tell global executives that he will
meet in Davos. “We are trying to
increase exports in quantity and
quality of our products, especial-
ly in which we have advantages,
such as seafood, commodities,
footwear and electronics,” Phuc
said. “We aim to become an ex-
port economy that can grow fast
and provide more jobs with higher
income for our people.”
Nonetheless, the Southeast
Asian nation had yet to see a flood
of companies moving in from Chi-
na, he said. The economy also has
serious challenges to overcome —
inadequate infrastructure and a
lack of skilled workers making it
difficult to attract manufacturing
EU said to be split over delaying Brexit by as much as a year
BY I AN W I SHA RT
EUROPEAN Union (EU) govern-
ments disagree over how long they
think the UK should delay Brexit,
with some pushing for an extension
of as much as a year, diplomats said.
While some countries think the EU
should offer Britain a generous pe-
riod to negotiate a deal that will win
the parliament’s backing, possibly
after a second referendum, others
oppose a postponement of any sort
and want pressure to be put on the
UK to accept a deal soonest possi-
ble, according to four EU diplomats.
It is up to the UK to request a
delay and, so far, Prime Minister
Theresa May has said she does not
intend to. However, with the deal
that the government negotiated with
the EU suffering the biggest House
beyond assembly-line work such
as garment stitching.
Global economic conditions
are worsening as well. The US-Chi-
na trade war and a more subdued
global growth is weighing on ex-
port demand, a threat to an econo-
my such as Vietnam’s where trade
accounts for about twice the na-
tion’s gross domestic product —
more than any country in Asia
apart from Singapore. About a
quarter of Vietnam’s total trade
is with China.
Vietnam’s economy seems to be
sheltered for now. Growth quick-
ened to 7.1% in 2018, among the
fastest in the world. Phuc said he
is confident that growth will reach
the higher end of the government’s
forecast of 6.6% to 6.8% this year.
He also vowed to keep the Viet-
namese dong stable in 2019. “We
see growth momentum in different
areas and have good foundations
to achieve our goals,” Phuc said.
Having completed about 16 free
trade agreements, Vietnam began
tethering itself to global trade after
introducing market-oriented doi
moi reforms in the 1980s. Exports
surged to a record US$244 billion
last year, with US customers ac-
counting for about US$48 billion of
the amount — more than double
compared with that five years ago.
Samsung boom
Several large manufacturers al-
ready operate in Vietnam, the big-
gest of which is Samsung Electron-
ics Co, accounting for about a fifth
of the country’s exports last year.
Concerned about anti-trade senti-
ments from US President Donald
Trump’s administration, Phuc is
vowing the country will step up
imports from the US, from Boe-
of Commons defeat in history last
week and little sign of a majority in
favour of any alternative, many offi-
cials on both sides believe keeping
the UK in the bloc beyond its sched-
uled March 29 exit date is the only
plausible way forward. If May, who
was due to set out her next moves in
parliament yesterday, does make a
request for an extension, the approv-
al would have to be unanimous from
the EU’s remaining 27 countries.
German Chancellor Angela
Merkel — taking a more flexible
approach on the timing of any exten-
sion — indicated on Saturday that
she wants to help Britain secure an
orderly exit. She said it is the EU’s
responsibility to help find a solution.
“We also have a responsibility to
shape this separation process in a
responsible way, so people do not
ing Co aircraft to products from
oil companies.
Vietnam faces a possible US$3
billion (RM12.33 billion) trade
deficit in 2019 amid growing glob-
al protectionism, the VnExpress
look back in 50 years, shaking their
heads, and say why weren’t we in a
position to make a compromise?”
she said.
Elections to the European Parlia-
ment in May are the biggest obstacle
to any extension. Several countries
believe the UK should be able to de-
lay Brexit until the start of July when
the newly elected assembly sits for
the first time. Other countries be-
lieve the UK should be given longer,
even as much as a year, to nail down
a far more detailed blueprint for the
future, meaning Britain may have to
take part in the EU-wide vote.
Long extension
France and the European Commis-
sion, the EU’s executive, are among
those pushing for a long extension,
the diplomats said anonymously
T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
news website reported on Sunday,
citing Deputy Minister of Industry
and Trade Hoang Quoc Vuong.
Volatile trade policies in the US
and the European Union could
hurt Vietnam’s exports this year,
because the discussions are private.
Germany takes a flexible approach,
although it is not in the camp push-
ing for the longest extension.
However, several governments
think the fast-approaching deadline
acts as leverage and the UK should
not be offered any delay, nor only a
“technical” one of a matter of weeks,
to allow the UK Parliament to pass
the necessary legislation to push
Britain to accept the existing deal.
Diplomats said the EU is still
broadly united on Brexit and the
disagreement is probably not serious
enough to block any UK request for a
postponement, but it highlights the
tension over what the EU strategy
should be. The issue could bubble
to the surface if leaders are asked
to consider a delay.
Some officials in European cap-
A filepic of a Samsung plant at the
Yen Phong Industrial Park in Vietnam.
Samsung Electronics Co accounts for
about a fifth of the country’s exports
last year. Photo by Bloomberg
Vuong was cited as saying. The
Southeast Asian country ended
2018 with a US$6.8 billion trade
surplus, according to the General
Department of Vietnam Customs.
Other factors that could con-
tribute to a trade deficit include
any decline in Vietnam’s agricul-
tural exports as other countries
ratchet up domestic production
to reduce external reliance, and
as its growing manufacturing sec-
tor imports more materials and
machinery, VnExpress reported.
“The challenges this year will
include global trade tensions, cli-
mate change and insufficient in-
frastructure,” he said. As a devel-
oping economy, “we have to keep
growing to bring more jobs to our
people and eliminate poverty,”
he added. “We have to grow at
more than 6% annually to boost
per capita income and escape the
middle-income trap.”
Still, Phuc has a good story
to sell to global investors. Viet-
nam was ranked No 1 among sev-
en emerging Asian countries as
manufacturing destinations by
Natixis SA, looking at demograph-
ics, wages and electricity costs,
rankings in doing business and
logistics, and manufacturing as
a share of total foreign direct in-
vestment. “The government has
been doing a lot to help foreign
investors to grow businesses [in
the] long term in Vietnam,” Phuc
said. — Bloomberg
itals believe there is still a chance
that Britain could change its mind
and stay in the bloc after all, and the
longer it can prolong the negotiation
period, the more likely that will be-
come. Others think a line needs to
be drawn under the messy talks, so
European governments can focus
on other matters such as fighting
populism and strengthening the
euro area.
Parliament’s backbench mem-
bers, led by former attorney-general
Dominic Grieve, are working on a
plan to take control of Brexit out of
the government’s hands, ultimate-
ly giving the chamber a chance to
ask the EU to delay the departure
day. EU officials said the bloc will
wait until the UK clarifies its posi-
tion before making its next move.
— Bloomberg
20 H O M E B U S I N E S S T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

AMBANK/CGC COLLABORATION ... AmBank Group and Credit Guarantee Corp Malaysia Bhd (CGC) penned a strategic collaboration in Kuala Lumpur on Jan 18 with Proton in providing its dealers
with financing access via CGC’s Portfolio Guarantee worth RM100 million offered exclusively to eligible Proton dealers to facilitate them in upgrading their facility to 3S (sales, services and spare parts) and 4S (including
body and paint) centres. Seen here are (from left) AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir, AmBank (M) Bhd chairman Voon Seng Chuan, CGC chairman Datuk Agil Natt and the company’s
president and chief executive officer Datuk Mohd Zamree Mohd Ishak.

1 2

3 4

WEEK IN FOCUS
1 Mercedes-Benz Malaysia vice-president
of sales and marketing for passenger cars
Mark Raine (left) and Cycle & Carriage
3 (From left) Uni Wall Aps Holdings Bhd
Bintang Bhd chief executive officer Wil-
frid Foo at Star Galleria, a mobile show-
room launched in conjunction with Cycle
& Carriage’s 120th anniversary in Kuala
Lumpur on Jan 18.
chief operating officer Joseph Chia, chief
financial officer Wong Mei Yee, managing
director and chief executive officer Siow
Hon Yuen, executive chairman Siow Hun
Young, and independent non-executive
director Siew Choon Jern at the compa-
ny’s listing ceremony on Bursa Malaysia’s
trade, and small and medium industries)
Datuk Teng Chang Khim and Malaysia
Automotive Robotics and IoT Institut
Malaysian Researchers during the World
Bank Group International Conference on
‘Globalization: Contents and Discontents’
CEO Datuk Madani Sahari at launch of in Kuala Lumpur on Jan 15. — Photo by
HIL Industries’ joint-venture company Mohd Suhaimi Mohamed Yusuf
HIL-Edrola (M) Sdn Bhd in Shah Alam
on Jan 15. — Photo by Sam Fong
6 Allianz Malaysia Bhd head of customer
advocacy Farop Sharif (centre) is flanked

2 Malaysia Automotive Association (MAA)

president Datuk Aishah Ahmad (right)
and Warisan TC Holdings Bhd chief ex-
ecutive officer Tan Keng Meng at an MAA
press conference for the market review for
4 (From left) PT Dasa Windu Agung pres-
2018 and outlook for 2019 in Petaling Jaya
on Jan 16. — Photo by Shafiq Suhaimi
Leap Market in Kuala Lumpur on Jan 15.
— Photo by Patrick Goh
ident director R Edwin Setjodiningrat,
HIL Industries Bhd president and chief
executive officer (CEO) Datuk Milton Ng,
Selangor exco (investment, industry and
5 (From left) World Bank Group senior
director Dr Shanta Devarajan, Ministry
of International Trade and Industry dep-
by Contact Centre Association of Ma-
laysia’s Raymond Devadass (left) and
National Contact Centre Awards 2018
uty secretary-general (industry) Datin
K Talagavathi, and University of Oregon
assistant professor of economics Woan
judge Jeannie Quek during the recent
awards ceremony in Kuala Lumpur. Al-
lianz Malaysia took home three awards
Foong Wong at the awards ceremony for that night for best customer relationship
The Sundaran Memorial Prize for Young management for contact centre (silver),
TUES DAY JAN UA RY 22, 20 1 9 • T HE ED G E FINA NCIA L DA ILY
H O M E B U S I N E S S 21

5 6

7 8

9 10

best innovative adoption award (merit) contained ECF industry statistics such director Ting Ing Thai, group managing Malaysia Airlines Bhd head of innovation
and best contact centre human resources as deals done, number and profiles of director Lim Ah Ted, group vice execu- and digital transformation Alwin Loh,
support specialist (silver). investors as well as snapshot reports of tive chairman Datuk Richard Wee, group Amazon Web Services senior manager of
how companies that raised funds have chairman Ibrahim Baki and independent enterprise business development Avinash

7 Gibraltar BSN Life Bhd recently held an

agency kick-off at Genting Highlands.
Themed TEAM (Together Everyone
Achieves More), the event was attend-
ed by Gibraltar BSN’s senior manage-
ment team and its agents from across
the country.
performed. From left are pitchIN senior
business analyst Chong Hon Mun, chief
strategy officer Kashminder Singh, chief
executive officer Sam Shafie, chief fi-
nancial officer Henry Loke and pitchIN
10
campus head Shah Abd Latif.
director Chin Mui Khiong.
CIMB Group Holdings Bhd chief exec-
utive officer (CEO) Tengku Datuk Seri
Zafrul Aziz (standing, sixth from left), chief
people officer Datuk Hamidah Naziadin
(standing, fifth from left) with (standing,
Gowda, Cloudera Malaysia country man-
ager Alan Chiew, Amazon Web Services
country manager Lawrence Si, Malaysian
Digital Economy Corp chief operating of-
ficer Datuk Ng Wan Peng, Fusionex senior
vice-president James Houng, Disruptive
Tech Asean group publisher Andrew Mar-

8 A leading equity crowdfunding plat-

form pitchIN released its pitchIN Eq-
9 Supreme Consolidated Resources Bhd
uity Crowdfunding Report (ECF) 2018
in Kuala Lumpur on Jan 15. The report
made its debut on the Leap Market of
Bursa Malaysia Securities Bhd in Kuala
Lumpur on Jan 16. From left are Supreme
Consolidated Resources non-independent
from left) Oracle Malaysia managing di-
rector (MD) Fitri Abdullah, Education
Ministry deputy director-general of the
department of higher education Profes-
sor Dr Mohd Cairul Iqbal Mohd Amin,
tin and SAS Malaysia MD Cheam Tat Inn
after the prize-giving ceremony of the
CIMB 3D Conquest grand finale with the
regional champion teams representing
Fintech, Coding and Data Science.
22
live it!
T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE

Personal
ASSISTANT
CO M PI L ED BY SOPHI YA SABAPATHY

WORK. LIFE. BALANCE

WATCH the superhero thriller film Glass

written produced and directed by M Night
Shyamalan. The film is a sequel to Shyama-
lan’s previous films Unbreakable and Split,
hence forming the Eastrail 177 Trilogy. For
further information, visit cinema.com.my.

WELCOMING THE LUNAR NEW YEAR

ENJOY a night of Rhythm & Blues with rendi-
tions of songs by Sam Cooke, Smokey Robinson,
IN HONG KONG
Little Walter, Aretha Franklin, Ray Charles
and many more. This show is put together
by singer Karen Nunis, lead guitarist Julian
Mokhtar, rhythm guitarist Paul Den Holder
Guillen, pianist Wei Li Cheah and percussionist Celebrate Chinese New
Badar Fawzy. At 9pm, head over to No Black
Tie, 17, Jalan Mesui, off Jalan Nagasari, Bukit Year with all the glamour
Bintang, Kuala Lumpur. Tickets are priced at
RM42 and available at noblacktie.com.my. and flavour that an
attractive city like
Hong Kong has to offer
BY S O P HI YA S ABAPATHY

Day 1 (Feb 4) — Eve of

SAVE the world one baby step at a time by
buying a bamboo toothbrush from The Hive
Bulk Foods as they are not only recyclable
but they are also compostable and most
importantly sustainable. They are available
in both blue and pink alongside being the
perfect size for any age. Get one today for
RM15 at thehivebulkfoods.com.
Chinese New Year
Visit a flower market
On the day of arrival, have an easy-going
day enjoying by one of the lively flow-
er markets this city has to offer. Locals
shop for seasonal flowers and plants as
they symbolise different positive wish-
es such as cherry blossoms represent
an improvement in personal romantic
relationships and water bamboos are
said to bring wealth. For a full-on ex-
perience, visit Victoria Park, Causeway
Bay which will be open to the public
from 8am on Feb 4 until 8am on Feb 5.
Another option is to visit Fa Hui Park,
Mong Kok, which is open from 7am,
Feb 4 to 7am, Feb 5.
A fireworks display will be staged at Victoria Harbour on the second day of Chinese New Year.
Day 2 (Feb 5) — First day of Chinese
New Year
Spiritual walks and healthy lunch
Locals enjoy going on a hike to reel in
the first day of the New Year as climbing
uphill is said to strongly signify positive
progress in life. Lantau Island is an ideal
place to go for a walk as it is home to the
world’s tallest outdoor sitting Buddha
statue. Before visiting the statue, it is an
option to stop at Ngong Ping Village to
visit the “Good Luck Garden” before en-
joying the delicious Chinese vegetarian
dishes at Po Lin Monastery.
Cathay Pacific International Chinese
New Year Night Parade
Join the fun at Tsim Sha Tsui for a pa-
rade that is said to be a signature event
that began in 1996. From 8pm onwards,
 live it! 23
TUES DAY JAN UA RY 22, 20 1 9 • T HE ED G E FINA NCIA L DA ILY

WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE

Start the New Year with a hike to Ngong Ping Village to visit the ‘Good Luck Garden’, before sampling Chinese vegetarian dishes at Po Lin Monastery.

Cathay Pacific International

Chinese New Year Night Parade
is a signature event that began
in 1996 at Tsim Sha Tsui.

The Hong Kong Well-wishing Festival in Lam Tsuen, Tai Po is a tradition for
International Chinese New Year Parade. visitors and locals to write wishes and throw it at the imitation Wishing Tree.

performers will begin to emerge along the

route followed by dazzling floats including
those by Hong Kong Disneyland and Ocean
Park Hong Kong alongside dancers, acro-
bats and a wide variety of performers from
all around the world. Paid spectators seats
are available on a first-come first-served
basis for those who want to enjoy the fun
at the starting point next to the Hong Kong
Cultural Centre. The parade ends at 9.45pm.
Day 3 (Feb 6) — Second day of
Chinese New Year
Hong Kong Well-wishing Festival
At Lam Tsuen Wishing Square, Lam Tsuen, Tai
Po from 8.45am to 6.30pm, guests can venture
to New Territories not only for some fresh air
but also trying their hand at placard throwing.
It started as a tradition of the village but slow- The Chinese New Year Race Day provides the perfect opportunity for visitors to experience horseracing, a hugely popular activity in Hong Kong.
ly came to attract people from all around the
city. Write your wishes on a placard, tie it to an
orange then throw it at the imitation Wishing many years and can be best viewed for free pecially the older generation, is to pay re- Chinese New Year Race Day
Tree. The higher the placard hangs, the better along the harbour front in Tsim Sha Tsui, spects to the deities and that can be done Head over to Sha Tin Racecourse from the
the chances for your wish to come true. the Golden Bauhinia Square in Wan Chai at Che Kung Temple in Tai Wai. This tem- temple via the MTR East Rail Line. The spe-
or ifc in Central. ple attracts many avid worshippers every cial races provide a unique opportunity for
Fireworks display year during the Chinese New Year period. tourists to experience horseracing as it is an
Fireworks are an intergral part of Chinese Day 4 (Feb 7) — Third day of Chinese Try Kau Chim, also known as fortune stick incredibly popular activity among locals.
New Year celebrations across the world, but New Year drawing, to see what awaits you in the Year Visitors have the option of placing a bet and
especially so in Hong Kong. The firework Summon good luck from a of the Boar. Do not forget to spin the tem- join the locals by cheering on the jockey
display staged at Victoria Harbour, from copper windmill ple’s famous copper windmill to bring in of choice. The racecourse will be open to
8pm to 8.30pm, has been on display for A customary practice among locals, es- the good luck for the year. the public from 11am to 6pm.
2 4 S P O RT S
Serena outslugs top seed Halep
The day that Zverev implodes at the Australian Open
BY M A RT I N PA RRY
MELBOURNE: A fired-up Serena
Williams slugged past world No 1 Si-
mona Halep yesterday as she inched
ever closer to a 24th Grand Slam title
on a day that saw Alexander Zverev
implode at the Australian Open.
In a towering performance, the
American great scored her biggest
win since giving birth to break down
the Romanian top seed 6-1, 4-6, 6-4
and move into a quarter-final against
seventh seed Karolina Pliskova.
Czech Pliskova is another form
player, winning the warm-up Bris-
bane International and easing past
two-time Grand Slam winner Gar-
bine Muguruza 6-3, 6-1 to set up
the Williams clash.
“I’m such a fighter, I never
give up,” declared Williams after
De Bruyne
describes mental
challenge of
injury-hit season
LONDON: Kevin De Bruyne has
described how coming back from
successive knee injuries was
“mentally hard” but says he is
happy with the way he is playing.
The Belgium playmaker was
pivotal to Manchester City’s title
success last season but has been
restricted to just eight league ap-
pearances during this campaign
due to ligament injuries, first in
his right knee then in his left knee.
De Bruyne returned to action
last month but City manager Pep
Guardiola has taken a cautious
approach with him.
“I’m getting better obviously,”
said De Bruyne.
“You need the run of games
where you play a lot because I’m
not used to playing every three days.
“But I’m getting there. I’m hap-
py with the way I’m performing. It’s
not the same like it was last year,
but that’s what you can expect.
“I’ve been out since the World
Cup and to come back twice is
mentally hard, but I’m happy to
be here to play football again.”
The 27-year-old made his first
league start since Dec 26 on Sun-
day’s 3-0 win at managerless Hud-
dersfield, which lifted the defend-
ing champions back to within four
points of leaders Liverpool.
“There’s two teams and even
Tottenham, who have so many
points at this stage of the season,”
said De Bruyne, whose side fin-
ished 19 points clear last season
and had clinched the title with
five games to spare.
“It’s quite remarkable because
in a lot of seasons you would al-
ready be 10 or 12 points ahead,
but this season it’s tight and I like
it. I like it to be competitive. In
the end that’s what it’s all about.”
— AFP
the epic encounter.
“It was an intense match and
there were some incredible points
but I love playing tennis and being
out here and I love this court, it’s
really cool to be back.”
Highly rated German fourth seed
Zverev lost the plot against Cana-
dian Milos Raonic, crashing 6-1,
6-1, 7-6 (7/5) and demolishing a
racquet in a massive meltdown.
Women’s fourth seed Naomi
Osaka was more composed as she
beat crafty Latvian Anastasija in
three sets to set up a meeting with
ambitious Ukrainian Elina Svitoli-
na for a place in the semi-finals.
But it was the dominant Wil-
liams who overshadowed them
all and is overwhelming favourite
to win an eighth Australian title,
with defending champion Caro-
Dembele sparkles but Messi needed
off bench to rescue Barca
BARCELONA: Ousmane Dembele
gave Barcelona a glimpse into the
future but Barcelona still needed
Lionel Messi to beat Leganes 3-1
yesterday and restore their five-
point lead at the top of La Liga.
Messi had started on the bench,
rested by coach Ernesto Valverde,
and for just over an hour at the
Camp Nou, Dembele filled the void
by scoring the opening goal in a
sparkling individual display.
The 21-year-old, however,
limped off with a sprained ankle
in the 69th minute, shortly after
Leganes had equalised through
Martin Braithwaite and Valverde
Long claims first PGA Tour win
BY GENE CHERRY
NORTH CAROLINA: Rookie Adam
Long (pic) birdied the final hole to
edge Phil Mickelson and Adam Had-
win by a stroke to collect his first PGA
Tour victory at the Desert Classic in
southern California on Sunday.
The three had been tied before
Long sank a 14ft putt to shoot a
seven-under-par 65 and prevail
with a 26-under 262 in his sixth
appearance on the PGA Tour.
Mickelson (69), who had led
the first three rounds at La Quin-
ta Country Club, and Canadian
Hadwin (67) finished at 25-under.
Hadwin had a three-stroke lead
on the back nine at one point while
Mickelson experienced putting
problems before rallying to catch
Long and the Canadian.
A clutch approach shot with the
ball below his feet that set up Long’s
closing putt was key for the Ameri-
can, who made seven birdies, three
of them in the last five holes.
Long, who turned pro in 2010
line Wozniacki and second seed
Angelique Kerber already out.
She has been in ominous form
at Melbourne Park as she seeks
one more major title to put her
responded by introducing Messi.
He needed only seven minutes
to make an impact as his bend-
ing shot was followed up by Luis
Suarez, who poked the ball in
ahead of Leganes goalkeeper Pi-
chu Cuellar. Messi then rounded
off the win by scoring himself in
injury-time.
Leganes had protested against
Suarez’s finish, convinced that Pi-
chu had been fouled by a high foot.
“It was a clear foul,” coach Mau-
ricio Pellegrino said. “Barca don’t
need these kind of decisions to
help them.”
But the video assistant referee
Official World Golf Ranking
POS PLAYER
1 Justin Rose
2 Brooks Koepka
3 Dustin Johnson
4 Justin Thomas
5 Bryson DeChambeau
6 Xander Schauffele
7 Jon Rahm
8 Rory McIlroy
9 Francesco Molinari
10 Tony Finau
Source: www.PGATOUR.com
and joined the Web.com Tour in
2012, said his career had been “a
bit of a roller coaster” in some ways.
“It seemed like it (the win) came
out of nowhere but my game has
been trending in the right direction
for the last two years now,” he added
Mickelson, who started the day
with a two-stroke lead over Hadwin,
three-putted his opening hole for a
bogey.
T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY
UFC fight night
draws record
subscribers for
Disney’s ESPN+
BY H A IL E Y WA L L E R
NEW YORK: ESPN+’s debut of
UFC Fight Night on Saturday
Zverev smashing drew a record number of sub-
his racquet after scribers, marking the largest cat-
a game against alyst for Walt Disney Co’s premi-
Raonic during um sports video service.
their men’s The streaming service added
singles match on 568,000 new subscribers over
day eight of the the weekend, with more than
Australian Open 90% coming in on Saturday, the
tennis tournament company said. In contrast, it took
in Melbourne ESPN+ five months to surpass
yesterday. Photo one million paying subscribers
by AFP when it launched the service in
April.
Saturday night’s mixed mar-
tial arts event “continued the
alongside Margaret Court’s re- momentum for ESPN+, deliv-
cord 24, and it looked like French ered strong ratings on ESPN and
Open champion Halep would be marks a great start to our new
another easy scalp after a first set agreement with the UFC (Ulti-
rout. — AFP mate Fighting Championship),”
said Kevin Mayer, Disney’s di-
rect-to-consumer division chief.
Disney is making the biggest
bet on streaming and month-
ly subscriptions. In addition to
ESPN+ and Hulu, the company
is expected to show off its highly
anticipated Disney+ streaming
disagreed and Barca advanced to
what was, in truth, a fully deserved
service at an April 11 investor
meeting, offering a peek at a plat-
victory. It means they regain their form that will provide a head-on
hefty advantage over Atletico Ma- challenge to Netflix Inc. Henry
drid at the top of the table, with the Cejudo defended his flyweight
difference ahead of Real Madrid championship against bantam-
also back to 10 points. weight champion TJ Dillashaw
Leganes had beaten Barcelona in a 32-second finish. It was the
at home in September but that re- highest-rated UFC Fight Night
mains the high point of their sea- Prelims on cable in six years.
son. They stay 14th. Saturday night’s event was
Valverde was accused of failing the first fight card of ESPN+’s
to rest key players last term, to the five-year agreement with UFC,
detriment of their progress in the where it will offer 20 exclusive
Champions League, and his gamble UFC Fight Night events a year.
to spare his star player just about — Bloomberg
paid off. — AFP
AFP
POINTS
COUNTRY AVERAGE
ENG 9.19
USA 8.99
USA 8.06
USA 7.95
USA 6.97
USA 6.34
ESP 6.27
NIR 5.97
ITA 5.74
USA 5.33
With Mickelson struggling with
the putter, Hadwin took advantage
by birdieing five of the seven holes
from the fifth to overhaul the Hall
of Famer.
A two-shot swing at the ninth But a bogey at 13 slowed his
hole where Hadwin collected a march and he never made another
birdie and Mickelson a bogey was birdie, while Long got hot and Mick-
key in the turnaround as the Ca- elson, despite his putting woes,
nadian went on to build a three- made birdies at 15 and 16 to move
stroke lead. back into contention. — Reuters
TUES DAY JAN UA RY 22, 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)
0.315 0.220 0.235 0.230 0186 PTRANS 0.235 0.005 7698.4 0.231 8.58 4.04 334.4
Sectorial Movement 1.010 0.686 0.800
1.653 0.920 1.460
0.740
1.440
7134
7237
PWF
PWROOT
0.740
1.440
-0.010
-0.020
21.9
59.1
0.746
1.457
10.79
44.04
4.05
4.10
128.7
579.3
7.630 4.244 6.880 6.820 7084 QL 6.870 0.020 763.7 6.850 53.42 0.66 11,146.2
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 0.590 0.340 0.415 0.370 9946 REX 0.415 0.015 27 0.394 — — 102.3
FBM KLCI 1,692.22 9.25 0.55 CONSTRUCTION 178.10 -0.49 -0.27 0.265 0.180 0.240 0.215 0037 RGB 0.240 0.025 18194 0.228 11.16 2.54 369.4
0.880 0.678 — — 5278 RHONEMA 0.730 — — — 11.74 4.48 133.3
FBM ACE 4,469.54 5.95 0.13 CONSUMER PRODUCTS & SERVICES 670.57 -1.07 -0.16 1.148 0.350 0.430 0.405 0183 SALUTE 0.405 -0.010 2062.4 0.415 21.66 5.93 157.1
FBM TOP 100 11,583.99 53.83 0.47 ENERGY 885.83 28.82 3.36 0.445 0.115 0.380 0.370 9113 SANBUMI 0.370 -0.005 1959.9 0.373 — — 92.1
FBM EMAS 11,704.36 53.93 0.46 FINANCIAL SERVICES 17,528.25 108.58 0.62 0.635 0.200 0.220 0.215 5252 SASBADI 0.215 -0.005 1173.6 0.217 43.88 3.12 90.1
0.510 0.280 — — 5157 SAUDEE 0.300 — — — — — 39.7
FBM MID 70 13,777.56 24.56 0.18 HEALTH CARE 1,253.52 6.75 0.54 0.675 0.577 0.650 0.640 9792 SEG 0.645 -0.005 358 0.645 17.97 4.26 815.6
FBM MIDS CAP 12,812.11 131.35 1.04 INDUSTRIAL PRODUCTS & SERVICES 163.66 1.82 1.12 1.570 1.250 1.500 1.480 5250 SEM 1.490 UNCH 577.6 1.490 30.79 1.81 1,837.7
FBM SMALL CAP 12,254.46 46.08 0.38 PLANTATION 7,201.04 8.62 0.12 0.707 0.480 0.570 0.535 7180 SERNKOU 0.555 -0.010 303 0.562 14.80 — 133.2
6.336 4.581 5.730 5.690 5517 SHANG 5.730 UNCH 175 5.691 31.16 2.62 2,521.2
FBM FLEDGLING 14,771.49 52.91 0.36 PROPERTY 924.60 -0.35 -0.04 1.230 0.470 — — 7412 SHH 0.490 — — — — 10.20 24.5
FTSE4GOOD BURSA M’SIA 944.51 5.08 0.54 REAL ESTATE INVESTMENT TRUSTS 947.84 0.51 0.05 0.683 0.315 0.385 0.370 7246 SIGN 0.375 0.005 853 0.378 14.04 4.00 90.1
FBM PALM OIL PLANTATION MYR 12,755.19 38.60 0.30 TECHNOLOGY 29.72 0.05 0.17 2.969 2.040 2.370 2.290 4197 SIME 2.300 -0.040 4826.4 2.319 27.22 2.61 15,641.9
0.640 0.200 0.320 0.290 8532 SINOTOP 0.295 0.015 483.3 0.303 29.50 — 116.5
FBM EMAS SHARIAH 11,627.73 52.73 0.46 TELECOMMUNICATION & MEDIA 635.88 1.00 0.16 0.418 0.105 0.140 0.130 9776 SMCAP 0.140 0.010 831.3 0.134 0.86 — 29.9
FBM HIJRAH SHARIAH 13,233.90 63.62 0.48 TRANSPORTATION & LOGISTICS 774.04 8.54 1.12 0.320 0.225 — — 7943 SNC 0.270 — — — — — 17.8
0.370 0.290 — — 5242 SOLID 0.320 — — — 54.24 0.63 125.5
FBM MIDS CAP SHARIAH 12,261.11 67.43 0.55 UTILITIES 972.27 -9.88 -1.01
2.460 2.040 — — 7103 SPRITZER 2.150 — — — 15.65 2.56 451.5
2.488 1.920 — — 9865 SUIWAH 2.180 — — — 11.36 0.46 133.0
0.650 0.600 0.650 0.640 03018 SUPREME 0.650 0.010 50 0.644 19.23 — 78.0

Bursa Malaysia Main Market 1.051 0.590 0.655

0.354 0.197 0.225
0.430 0.280 —
0.630
0.225
—
7186
7082
7211
SWSCAP
SYF
TAFI
0.655
0.225
0.290
UNCH
UNCH
—
6.1
87.6
—
0.635
0.225
—
—
—
—
—
5.56
—
119.4
139.3
23.2
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.877 1.330 1.400 1.400 4405 TCHONG 1.400 0.020 10 1.400 21.60 2.14 940.8
1.410 0.695 0.775 0.760 7439 TECGUAN 0.760 -0.005 0.6 0.767 — — 30.5
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 0.426 0.220 0.255 0.245 7200 TEKSENG 0.255 0.010 100.1 0.250 — 7.84 88.8
CONSUMER PRODUCTS & SERVICES 1.073 0.735 1.060 1.040 7252 TEOSENG 1.040 0.010 326.1 1.045 12.05 — 312.0
1.132 0.700 0.825 0.800 0012 3A 0.820 0.015 111.3 0.805 12.22 2.44 403.4 1.142 0.837 — — 9369 TGL 1.020 — — — 6.94 4.90 41.6
0.450 0.205 0.295 0.290 5238 AAX 0.290 -0.005 5171.3 0.290 — — 1,203.0 0.768 0.475 0.530 0.500 7230 TOMEI 0.530 0.020 6.1 0.510 15.59 1.89 73.5
0.490 0.300 0.415 0.410 7120 ACOSTEC 0.415 0.005 507.1 0.411 — — 80.7 0.420 0.300 — — 7176 TPC 0.320 — — — — — 74.8
2.606 1.390 1.520 1.490 6599 AEON 1.490 UNCH 720.2 1.499 21.05 2.68 2,092.0 6.926 4.200 5.810 5.720 4588 UMW 5.780 UNCH 223.5 5.766 13.09 0.87 6,752.7
0.255 0.115 0.145 0.140 7315 AHB 0.145 UNCH 30.2 0.140 — — 25.5 2.478 2.080 2.140 2.140 7757 UPA 2.140 0.010 2 2.140 16.93 3.74 170.3
8.870 4.799 8.400 8.300 7090 AHEALTH 8.320 0.020 80.5 8.323 17.86 1.56 978.2 1.130 0.750 0.910 0.900 7240 VERTICE 0.910 0.010 74.3 0.903 — — 170.1
3.974 1.997 3.050 3.000 5099 AIRASIA 3.040 -0.010 3216.2 3.029 3.63 7.89 10,159.6 1.801 0.995 — — 7203 WANGZNG 1.270 — — — 19.84 3.15 203.2
24.942 17.740 18.700 18.680 2658 AJI 18.700 UNCH 8.1 18.69 19.41 2.49 1,136.9 2.339 1.961 2.100 2.100 5016 WARISAN 2.100 0.020 1 2.100 21.11 1.90 141.1
0.360 0.140 0.275 0.275 7051 AMTEK 0.275 UNCH 0.6 0.275 — — 13.7 0.210 0.100 0.105 0.100 5156 XDL 0.100 -0.005 14298 0.101 12.82 — 180.5
8.344 5.600 6.000 5.750 6351 AMWAY 5.800 -0.100 20.1 5.897 20.71 3.45 953.4 0.615 0.400 0.420 0.410 7121 XIANLNG 0.420 0.020 28 0.410 1400 — 33.6
0.035 0.005 0.015 0.015 5194 APFT 0.015 UNCH 322.6 0.015 — — 20.1 0.065 0.035 — — 5155 XINQUAN 0.055 — — — — — 26.7
4.339 3.550 3.800 3.750 6432 APOLLO 3.800 -0.080 3.6 3.775 23.91 5.26 304.0 2.307 1.800 1.870 1.860 5584 YEELEE 1.870 -0.010 39.6 1.868 8.81 2.41 358.3
0.240 0.105 0.125 0.120 1481 ASB 0.120 UNCH 1509 0.124 — 2.08 111.5 1.284 0.950 1.030 1.020 5159 YOCB 1.030 UNCH 13 1.022 6.19 3.88 164.8
0.776 0.325 0.360 0.360 7722 ASIABRN 0.360 UNCH 12.5 0.360 — — 83.8 3.390 2.267 2.750 2.740 7178 YSPSAH 2.740 -0.010 12.8 2.748 13.15 2.55 379.0
2.815 2.353 2.650 2.600 7129 ASIAFLE 2.640 -0.010 15.5 2.630 9.56 5.68 514.2 2.023 1.200 1.300 1.290 5131 ZHULIAN 1.300 UNCH 8.3 1.296 12.45 5.77 598.0
4.596 4.009 4.550 4.550 7048 ATLAN 4.550 UNCH 0.5 4.550 19.09 4.40 1,154.1 INDUSTRIAL PRODUCTS & SERVICES
0.425 0.200 0.245 0.235 8885 AVI 0.245 -0.005 61 0.236 — — 210.3 0.135 0.070 0.080 0.080 7086 ABLEGRP 0.080 0.005 410.1 0.080 — — 21.1
38.680 21.708 37.940 37.400 4162 BAT 37.940 0.280 111.9 37.62 25.00 3.98 10,833.0 0.630 0.350 0.380 0.350 7191 ADVENTA 0.355 -0.015 73.8 0.358 34.47 — 54.2
2.336 1.766 2.190 2.150 5248 BAUTO 2.180 0.010 2070.9 2.178 11.40 4.98 2,535.3 2.068 1.744 — — 9148 ADVPKG 1.920 — — — 28.92 4.69 39.4
0.070 0.030 0.045 0.040 7243 BIOOSMO 0.040 UNCH 437.7 0.041 — — 31.8 0.185 0.110 0.130 0.115 7146 AEM 0.130 0.010 669 0.124 — — 38.9
1.802 1.282 1.330 1.310 5196 BJFOOD 1.320 -0.010 303 1.323 146.67 3.03 504.1 0.740 0.370 0.525 0.525 5198 AFUJIYA 0.525 0.005 1 0.525 16.72 — 94.5
0.365 0.180 0.285 0.270 4219 BJLAND 0.275 -0.005 2621.7 0.275 — — 1,375.1 0.395 0.200 0.255 0.255 2682 AISB 0.255 -0.015 4.9 0.255 30.72 — 36.8
2.487 1.918 2.160 2.140 1562 BJTOTO 2.160 0.010 1016.2 2.152 12.08 7.41 2,918.2 0.640 0.491 0.535 0.535 7609 AJIYA 0.535 0.005 16 0.535 6.53 1.87 163.0
0.396 0.205 0.265 0.255 9288 BONIA 0.260 0.010 621.9 0.262 14.94 4.81 209.6 0.970 0.420 0.505 0.490 2674 ALCOM 0.500 0.010 85.9 0.496 21.93 — 67.2
0.505 0.160 0.205 0.200 9474 BRAHIMS 0.200 -0.010 108.7 0.201 — — 47.3 1.414 1.006 1.160 1.130 7083 ANALABS 1.130 0.010 11 1.150 12.91 0.44 135.7
1.020 0.495 0.550 0.525 7174 CAB 0.545 0.020 1321.8 0.538 11.52 0.92 352.4 0.682 0.366 0.455 0.445 4758 ANCOM 0.450 -0.005 945.4 0.449 4.54 — 108.4
1.279 0.609 1.010 0.990 7154 CAELY 0.995 -0.025 173 0.997 43.07 1.01 80.7 3.556 1.150 1.460 1.420 6556 ANNJOO 1.430 0.010 373.3 1.439 4.33 13.29 800.7
0.380 0.220 0.250 0.245 7128 CAMRES 0.245 -0.005 400 0.248 17.75 — 48.2 0.095 0.035 0.045 0.040 9342 ANZO 0.045 UNCH 150.2 0.041 — — 39.6
1.994 1.403 1.650 1.650 5245 CARING 1.650 UNCH 10 1.650 18.52 3.03 359.2 0.917 0.800 — — 5568 APB 0.800 — — — — 3.75 90.3
20.443 14.688 20.440 19.800 2836 CARLSBG 20.380 0.400 262.3 20.25 24.00 4.16 6,231.1 3.757 2.680 — — 5015 APM 2.770 — — — 15.84 4.87 558.4
2.260 1.440 1.580 1.550 2925 CCB 1.580 0.020 48.9 1.566 195.06 — 159.2 0.630 0.469 0.545 0.525 7214 ARANK 0.545 0.025 14.8 0.530 6.86 4.26 92.3
1.010 0.365 0.495 0.485 7035 CCK 0.490 0.005 1273.1 0.487 9.50 3.06 309.1 1.159 0.590 0.640 0.640 7162 ASTINO 0.640 0.020 9.9 0.640 7.75 1.56 175.4
1.463 0.925 1.000 0.975 7148 CCMDBIO 0.990 0.010 507.8 0.986 14.27 4.11 655.3 2.000 1.340 1.720 1.700 8176 ATAIMS 1.710 0.010 245.3 1.711 20.26 — 1,961.4
0.495 0.300 0.310 0.310 7209 CHEETAH 0.310 -0.010 7.3 0.310 86.11 1.29 39.6 1.025 0.545 0.590 0.590 7099 ATTA 0.590 -0.010 10 0.590 2.27 13.56 125.9
2.078 1.500 1.670 1.660 2828 CIHLDG 1.660 UNCH 4.8 1.661 10.53 6.02 268.9 0.600 0.074 0.595 0.465 7181 ATURMJU 0.465 -0.130 898.9 0.520 — — 31.3
0.145 0.060 — — 5104 CNI 0.065 — — — 216.67 — 46.8 0.924 0.596 0.705 0.680 7579 AWC 0.690 0.015 2912.3 0.695 8.21 0.72 198.5
0.135 0.035 0.040 0.035 5188 CNOUHUA 0.040 UNCH 202 0.038 — — 26.7 0.425 0.313 0.345 0.345 5021 AYS 0.345 UNCH 50 0.345 5.37 7.25 131.2
2.541 1.830 1.980 1.980 7205 COCOLND 1.980 UNCH 9 1.980 14.44 3.03 453.0 2.117 1.182 1.300 1.290 8133 BHIC 1.300 UNCH 16.4 1.294 — 2.69 323.0
0.085 0.005 0.040 0.035 0301 CRG 0.040 0.005 9.5 0.035 8.51 — 32.2 0.420 0.260 0.285 0.280 7005 BIG 0.280 0.010 6.7 0.284 — — 13.5
1.572 1.050 1.090 1.080 7202 CSCENIC 1.090 0.030 39.5 1.086 17.30 6.42 131.3 0.195 0.115 0.140 0.135 6998 BINTAI 0.135 UNCH 177.6 0.135 10.38 — 39.1
0.020 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.395 0.260 0.300 0.290 3395 BJCORP 0.295 0.005 14240.6 0.295 — — 1,452.5
0.540 0.420 — — 9423 CWG 0.430 — — — 8.63 3.49 54.3 0.793 0.500 0.525 0.515 0168 BOILERM 0.525 -0.005 32 0.516 12.56 3.33 270.9
0.040 0.025 0.030 0.030 7179 DBE 0.030 0.005 50 0.030 — — 80.3 0.090 0.040 0.045 0.045 7036 BORNOIL 0.045 UNCH 3348.2 0.045 — — 240.3
1.090 0.897 — — 7119 DEGEM 1.050 — — — 13.04 0.95 140.7 1.320 0.865 — — 6297 BOXPAK 1.000 — — — — — 120.0
4.309 2.140 2.280 2.230 5908 DKSH 2.270 0.040 450.1 2.257 7.19 4.41 357.9 1.149 0.818 1.050 0.980 5100 BPPLAS 1.020 0.040 77.5 1.019 10.63 3.92 191.4
74.652 55.645 60.840 60.400 3026 DLADY 60.820 0.020 1.6 60.79 32.39 1.64 3,892.5 0.285 0.140 0.195 0.175 9938 BRIGHT 0.195 0.015 50.5 0.177 — — 40.0
2.711 1.600 1.740 1.650 1619 DRBHCOM 1.670 -0.120 10253.7 1.685 — 1.80 3,228.5 0.720 0.260 — — 7221 BSLCORP 0.300 — — — — — 29.4
0.275 0.095 0.115 0.115 2097 EASTLND 0.115 UNCH 155 0.115 — — 28.3 2.800 1.340 1.600 1.570 2771 BSTEAD 1.600 0.040 50.8 1.586 45.07 4.69 3,243.2
0.655 0.509 — — 5081 EIG 0.620 — — — 25.94 4.84 147.1 0.300 0.070 — — 7188 BTM 0.110 — — — — — 15.5
0.100 0.050 0.060 0.060 7182 EKA 0.060 UNCH 162.6 0.060 — — 18.7 2.881 1.830 2.790 2.630 5105 CANONE 2.720 -0.070 148.8 2.745 10.21 1.47 522.7
0.250 0.150 — — 9091 EMICO 0.170 — — — — — 16.3 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
1.415 0.935 — — 7149 ENGKAH 1.070 — — — 9.74 2.80 75.7 1.771 0.960 1.220 1.170 7076 CBIP 1.180 UNCH 345.5 1.195 13.44 4.24 635.1
0.365 0.125 0.145 0.145 7208 EURO 0.145 -0.010 95.5 0.145 — — 38.8 2.355 1.515 1.940 1.900 2879 CCM 1.940 0.010 551.6 1.912 32.88 3.61 325.3
0.750 0.450 0.490 0.460 7094 EUROSP 0.490 0.040 5 0.484 — — 21.8 0.875 0.695 — — 8435 CEPCO 0.695 — — — — — 51.9
40.000 27.785 33.660 33.560 3689 F&N 33.640 UNCH 647.1 33.64 32.00 1.71 12,338.4 1.360 0.900 1.140 1.140 8044 CFM 1.140 -0.060 1 1.140 — — 46.7
0.950 0.740 — — 2755 FCW 0.770 — — — 197.44 — 192.5 0.490 0.330 — — 7187 CHGP 0.370 — — — 18.69 — 109.9
0.570 0.430 0.480 0.480 6939 FIAMMA 0.480 UNCH 26.5 0.480 7.45 3.65 254.4 1.179 0.630 0.720 0.700 5273 CHINHIN 0.710 -0.030 121 0.709 16.90 4.93 395.0
0.516 0.280 0.305 0.305 8605 FIHB 0.305 0.010 5 0.305 6.59 2.56 33.2 2.000 1.446 1.700 1.670 5007 CHINWEL 1.670 -0.050 155.7 1.686 8.26 4.79 500.2
1.910 1.150 1.840 1.780 9172 FPI 1.780 0.010 738.5 1.811 11.27 4.49 440.3 2.183 1.410 1.560 1.550 5797 CHOOBEE 1.560 UNCH 8.2 1.553 4.67 3.21 205.4
0.950 0.600 — — 7184 G3 0.700 — — — — — 288.8 0.493 0.230 — — 7016 CHUAN 0.330 — — — — 3.33 55.7
3.070 1.308 2.940 2.910 5102 GCB 2.940 0.020 250.8 2.929 8.84 1.02 1,411.7 0.880 0.460 0.510 0.510 8052 CICB 0.510 0.050 3.9 0.510 28.98 1.90 45.9
0.580 0.400 0.480 0.475 5592 GCE 0.480 UNCH 44 0.480 — 4.17 94.6 0.060 0.035 — — 7018 CME 0.040 — — — — — 23.4
5.422 2.760 3.390 3.280 4715 GENM 3.300 -0.070 10393.5 3.314 — 3.33 19,595.5 4.334 1.740 3.180 3.110 2852 CMSB 3.130 UNCH 866.1 3.133 12.33 2.56 3,362.8
9.569 5.910 6.890 6.750 3182 GENTING 6.790 -0.030 10248.4 6.801 28.53 2.14 26,324.1 0.900 0.410 — — 7986 CNASIA 0.480 — — — 13.56 — 21.8
0.245 0.100 — — 5079 GETS 0.125 — — — — — 15.8 1.360 0.735 0.845 0.830 5071 COASTAL 0.840 0.005 52.6 0.836 — 2.38 446.5
0.230 0.105 0.125 0.125 0136 GREENYB 0.125 UNCH 1.8 0.125 44.64 2.40 41.7 0.335 0.080 0.140 0.130 7195 COMCORP 0.135 -0.005 194 0.134 — — 18.9
5.192 2.480 2.840 2.790 7668 HAIO 2.800 UNCH 95.4 2.820 14.13 7.14 840.8 1.169 0.684 0.860 0.830 2127 COMFORT 0.840 UNCH 801.9 0.850 20.19 1.19 472.0
3.888 3.400 3.750 3.750 5008 HARISON 3.750 UNCH 1 3.750 10.41 5.33 256.8 0.035 0.020 0.030 0.020 5037 COMPUGT 0.025 UNCH 9029 0.025 — — 58.7
0.370 0.050 0.060 0.060 5187 HBGLOB 0.060 -0.005 304.1 0.060 2.05 — 28.1 1.550 0.975 1.120 1.080 5094 CSCSTEL 1.090 -0.010 112.8 1.094 10.37 9.17 414.2
23.548 17.420 20.660 20.060 3255 HEIM 20.600 0.420 348.3 20.39 22.53 4.37 6,223.2 0.667 0.470 — — 7157 CYL 0.560 — — — — 7.14 56.0
12.115 8.420 9.190 9.100 3301 HLIND 9.170 0.120 8.7 9.141 8.85 4.03 3,006.9 0.410 0.295 — — 5082 CYMAO 0.370 — — — — — 27.8
0.849 0.592 0.690 0.670 5160 HOMERIZ 0.670 -0.010 45.5 0.676 9.53 3.73 201.0 1.780 1.333 1.680 1.660 5184 CYPARK 1.670 UNCH 148.6 1.666 9.45 2.23 764.9
0.385 0.300 — — 7213 HOVID 0.380 — — — 33.33 — 313.9 2.373 1.570 — — 8125 DAIBOCI 1.660 — — — 21.99 2.50 544.3
1.154 0.940 1.000 0.985 5024 HUPSENG 1.000 0.005 118.3 0.990 17.92 6.00 800.0 0.585 0.320 0.500 0.480 5276 DANCO 0.485 UNCH 1205.8 0.492 11.02 3.09 144.5
0.425 0.280 0.335 0.335 8478 HWATAI 0.335 0.010 1 0.335 — — 25.1 0.645 0.120 0.255 0.245 7212 DESTINI 0.245 -0.010 5889.1 0.248 54.44 — 283.0
2.070 1.089 1.250 1.250 5107 IQGROUP 1.250 -0.010 37 1.250 — 8.00 110.0 0.755 0.270 0.430 0.420 7114 DNONCE 0.420 -0.010 65 0.423 30.00 — 101.6
0.080 0.030 0.040 0.035 7223 JADI 0.035 UNCH 4543.3 0.035 — — 33.0 0.295 0.100 — — 5835 DOLMITE 0.110 — — — — — 31.3
1.305 0.709 — — 7152 JAYCORP 0.815 — — — 10.24 6.13 111.9 0.180 0.070 0.110 0.105 5265 DOLPHIN 0.105 -0.005 100 0.106 — — 25.6
0.487 0.330 0.395 0.395 8931 JERASIA 0.395 0.050 0.1 0.395 4.21 2.53 32.4 1.369 1.156 1.270 1.260 7169 DOMINAN 1.270 UNCH 29.7 1.261 6.56 5.51 209.9
1.345 0.823 1.140 1.100 7167 JOHOTIN 1.130 0.030 768.1 1.123 14.60 3.54 350.8 2.713 0.598 1.660 1.590 7233 DUFU 1.610 0.030 4184 1.627 9.13 2.90 423.8
0.400 0.280 — — 8672 KAMDAR 0.290 — — — — — 57.4 2.816 1.818 2.780 2.740 1368 EDGENTA 2.740 -0.040 2.6 2.757 17.07 4.01 2,278.6
1.308 0.430 0.480 0.470 5247 KAREX 0.470 -0.005 2553.1 0.471 58.75 1.06 471.1 0.320 0.170 0.190 0.185 0064 EFFICEN 0.185 -0.005 12 0.189 — — 131.2
2.965 1.810 1.890 1.870 7216 KAWAN 1.880 -0.010 80.4 1.881 29.33 2.08 675.9 0.675 0.430 0.465 0.460 8907 EG 0.465 UNCH 1035.1 0.464 7.49 — 125.8
0.180 0.080 — — 8303 KFM 0.125 — — — — — 8.5 1.687 1.095 1.410 1.370 5208 EITA 1.410 0.040 26.7 1.386 9.13 3.55 183.3
0.720 0.540 0.595 0.590 6203 KHEESAN 0.595 -0.005 10.5 0.590 13.25 2.52 61.9 0.990 0.634 0.785 0.785 9016 EKSONS 0.785 0.025 0.1 0.785 — 6.37 128.9
2.010 1.400 1.700 1.700 7062 KHIND 1.700 UNCH 5 1.700 29.31 0.59 68.1 0.815 0.370 0.455 0.450 7217 EMETALL 0.455 0.005 44 0.454 10.91 5.49 85.7
1.868 1.573 — — 0002 KOTRA 1.700 — — — 11.83 2.94 244.3 1.230 0.805 0.860 0.830 5056 ENGTEX 0.840 -0.015 472.1 0.841 11.86 1.79 372.4
0.780 0.330 0.480 0.460 7130 KPOWER 0.460 -0.025 244 0.474 — — 35.0 0.510 0.380 0.435 0.405 7773 EPMB 0.405 -0.015 158.9 0.415 — — 67.2
0.145 0.080 — — 5172 KSTAR 0.085 — — — — — 32.4 0.632 0.335 0.395 0.385 5101 EVERGRN 0.395 0.010 1185.7 0.390 9.00 3.49 334.3
0.160 0.050 0.075 0.070 4847 KTB 0.075 UNCH 110 0.071 — — 30.2 1.690 1.050 1.130 1.080 2984 FACBIND 1.130 UNCH 12.8 1.109 56.22 3.54 96.2
0.925 0.450 0.510 0.480 1643 LANDMRK 0.490 -0.040 153 0.494 — — 259.2 2.600 2.200 2.450 2.410 7229 FAVCO 2.440 0.040 44.3 2.431 10.09 5.53 540.2
4.184 2.953 3.890 3.890 7006 LATITUD 3.890 0.090 2 3.890 38.51 1.54 378.1 0.609 0.403 — — 0149 FIBON 0.500 — — — 20.83 1.50 49.0
0.985 0.325 0.445 0.435 9385 LAYHONG 0.440 UNCH 2770.2 0.439 22.92 1.14 290.5 1.979 1.703 1.810 1.810 3107 FIMACOR 1.810 UNCH 10 1.810 8.61 6.91 443.9
1.090 0.385 0.875 0.855 8079 LEESK 0.860 -0.015 189.9 0.865 13.89 1.74 144.3 0.450 0.365 0.410 0.400 9318 FITTERS 0.400 -0.005 1251.4 0.404 19.51 — 192.2
3.265 2.135 2.820 2.790 7089 LIIHEN 2.790 UNCH 26.8 2.798 10.12 4.48 502.2 1.700 0.914 1.630 1.590 5197 FLBHD 1.610 0.010 105.9 1.607 7.50 — 169.9
0.570 0.366 0.570 0.550 7126 LONBISC 0.560 0.035 10412.1 0.557 7.66 — 143.6 0.455 0.177 0.240 0.235 5277 FPGROUP 0.240 0.005 394 0.239 16.33 4.17 124.5
1.200 0.780 1.130 1.090 7085 LTKM 1.090 0.020 175.8 1.104 17.61 1.83 141.8 1.650 0.605 0.720 0.720 7197 GESHEN 0.720 UNCH 13 0.720 11.54 — 57.6
5.340 3.833 4.250 4.210 7087 MAGNI 4.250 UNCH 72.5 4.223 7.17 3.29 691.6 0.545 0.420 0.535 0.525 5220 GLOTEC 0.530 UNCH 1188.6 0.530 — — 142.6
2.257 1.652 2.030 2.010 3859 MAGNUM 2.020 UNCH 525.2 2.016 33.78 5.45 2,904.3 0.330 0.170 0.225 0.210 7192 GOODWAY 0.220 0.005 1447 0.220 9.32 — 24.3
0.145 0.115 0.125 0.120 3514 MARCO 0.125 0.005 511 0.120 10.16 4.00 131.8 0.110 0.080 0.085 0.080 7096 GPA 0.085 0.005 250 0.084 425.00 — 83.3
0.050 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.325 0.170 — — 5649 GPHAROS 0.195 — — — 5.05 — 26.5
1.041 0.800 0.800 0.800 5886 MBG 0.800 -0.010 3 0.800 65.57 3.75 48.6 0.745 0.420 0.485 0.470 3247 GUH 0.480 0.005 38.8 0.480 — — 133.4
2.644 1.860 2.630 2.550 5983 MBMR 2.570 -0.010 204.3 2.607 — 1.75 1,004.6 1.180 0.670 0.850 0.800 5151 HALEX 0.850 0.050 21.6 0.841 — — 90.1
0.425 0.185 0.260 0.250 7234 MESB 0.260 -0.005 142.2 0.252 — — 21.3 10.000 8.394 10.000 9.860 3034 HAPSENG 9.880 0.030 1922.5 9.898 21.70 3.54 24,598.1
0.230 0.185 — — 0301 MFGROUP 0.230 — — — 27.06 — 73.6 7.383 4.920 5.380 5.260 5168 HARTA 5.300 0.050 12923.5 5.301 37.04 1.58 17,651.8
1.822 0.452 0.630 0.605 3662 MFLOUR 0.625 -0.005 1774.7 0.620 69.44 8.42 481.5 15.646 4.510 4.950 4.880 4324 HENGYUAN 4.900 0.040 156.9 4.908 6.25 0.41 1,470.0
0.860 0.600 0.720 0.710 7935 MILUX 0.720 0.005 2.5 0.717 — — 39.2 1.029 0.525 0.625 0.610 5095 HEVEA 0.620 0.010 4900.1 0.620 13.33 9.68 347.6
0.245 0.045 0.050 0.045 5166 MINDA 0.050 0.005 2161.7 0.045 — — 62.0 0.806 0.609 0.700 0.700 3298 HEXZA 0.700 UNCH 68.5 0.700 18.37 7.14 140.3
4.300 2.100 2.200 2.150 5202 MSM 2.200 0.050 16.7 2.172 26.16 — 1,546.6 0.518 0.215 0.285 0.280 5072 HIAPTEK 0.280 UNCH 534 0.281 16.57 1.79 376.4
0.040 0.010 0.015 0.010 5150 MSPORTS 0.015 0.005 196.5 0.010 — — 9.1 1.360 0.705 0.995 0.970 5199 HIBISCS 0.975 0.005 25774 0.983 5.27 — 1,548.5
0.235 0.145 0.195 0.190 3891 MUIIND 0.195 UNCH 402.2 0.192 — — 571.8 1.680 1.110 — — 7033 HIGHTEC 1.300 — — — 13.33 2.69 52.8
2.297 1.620 1.770 1.720 3905 MULPHA 1.760 UNCH 58 1.763 2.00 — 562.5 0.853 0.495 0.520 0.515 8443 HIL 0.520 -0.005 40 0.516 12.50 3.37 173.7
1.788 1.252 1.380 1.340 5275 MYNEWS 1.360 UNCH 478.5 1.354 35.05 0.74 927.7 0.620 0.335 — — 5165 HOKHENG 0.500 — — — 119.05 — 40.0
159.79 103.42 147.80 146.50 4707 NESTLE 147.400 UNCH 119 147.37 51.70 1.87 34,565.3 1.910 0.445 1.100 0.965 0185 HSSEB 1.040 -0.040 5902.5 1.042 18.47 0.74 515.7
3.254 2.550 2.780 2.680 7060 NHFATT 2.780 -0.020 0.5 2.700 13.78 3.69 229.8 0.635 0.130 0.225 0.215 2739 HUAAN 0.220 0.005 14525.4 0.222 6.09 — 246.9
0.075 0.035 0.050 0.045 7139 NICE 0.045 -0.005 748 0.045 9.18 — 89.9 2.150 0.465 0.480 0.470 5000 HUMEIND 0.475 -0.005 573 0.474 — 4.21 227.6
0.320 0.150 0.305 0.280 7215 NIHSIN 0.295 0.010 10216.3 0.296 17.77 — 94.8 0.130 0.090 0.105 0.105 9601 HWGB 0.105 -0.005 405 0.105 — — 34.1
0.630 0.472 0.505 0.495 5066 NTPM 0.505 0.005 29 0.499 26.44 4.75 567.2 2.308 1.699 2.160 2.120 7222 IMASPRO 2.160 UNCH 2367 2.146 27.45 1.62 172.8
0.670 0.350 — — 5533 OCB 0.370 — — — — — 38.1 0.905 0.430 0.530 0.480 5673 IPMUDA 0.530 0.015 2 0.505 — — 38.4
0.629 0.381 0.475 0.470 0049 OCNCASH 0.475 0.015 99.1 0.473 12.70 2.11 116.5 0.290 0.100 0.145 0.130 7183 IRETEX 0.135 UNCH 2488.9 0.140 — — 19.6
1.194 0.635 0.695 0.695 7107 OFI 0.695 UNCH 35 0.695 17.73 3.60 166.8 0.150 0.110 0.115 0.115 8648 JASKITA 0.115 UNCH 70 0.115 — — 51.7
0.135 0.090 0.105 0.105 3018 OLYMPIA 0.105 UNCH 779.3 0.105 6.29 — 107.5 1.746 1.340 1.590 1.550 0058 JCBNEXT 1.550 UNCH 3.6 1.572 23.31 2.90 213.6
6.560 5.742 6.560 6.440 4006 ORIENT 6.480 0.050 459.9 6.452 7.94 3.09 4,020.2 0.280 0.165 0.200 0.185 9083 JETSON 0.200 UNCH 95.2 0.192 — — 42.3
1.398 0.460 0.560 0.545 5260 OWG 0.550 0.010 2281 0.551 26.57 — 152.4 1.080 0.950 — — 7043 JMR 1.050 — — — — — 133.1
6.119 3.150 3.860 3.760 7052 PADINI 3.760 -0.020 1074.8 3.817 14.99 2.66 2,473.7 0.235 0.125 0.140 0.135 0054 KARYON 0.135 UNCH 525.7 0.139 6.78 2.22 64.2
39.301 30.953 38.000 37.420 3719 PANAMY 37.420 -0.080 1.5 37.54 17.95 3.96 2,273.1 0.598 0.441 — — 7199 KEINHIN 0.530 — — — 32.92 1.89 57.7
0.456 0.310 — — 5022 PAOS 0.340 — — — 75.56 2.35 61.6 1.667 1.364 1.560 1.560 6491 KFIMA 1.560 UNCH 21.4 1.560 7.50 5.77 440.3
0.420 0.230 0.260 0.260 9407 PARAGON 0.260 0.010 7 0.260 — — 18.2 1.268 0.584 1.130 1.100 0151 KGB 1.100 0.010 792 1.109 15.13 0.91 298.2
0.650 0.235 0.270 0.265 5657 PARKSON 0.270 0.005 546.1 0.267 — — 295.4 0.455 0.200 0.215 0.215 6211 KIALIM 0.215 -0.010 5 0.215 — — 13.3
0.375 0.185 0.215 0.210 6068 PCCS 0.210 -0.010 206.7 0.214 4.88 4.76 44.1 2.958 2.000 2.700 2.690 3522 KIANJOO 2.690 UNCH 219 2.691 18.10 1.49 1,194.8
0.880 0.290 0.350 0.335 5231 PELIKAN 0.335 -0.010 35 0.337 34.90 — 185.4 1.606 1.090 1.240 1.210 5371 KIMHIN 1.240 -0.010 14 1.214 — 4.03 193.0
0.675 0.350 — — 9997 PENSONI 0.420 — — — — 4.76 54.5 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
0.450 0.195 0.375 0.355 7080 PERMAJU 0.365 UNCH 16109.6 0.366 — — 71.5 1.010 0.780 0.950 0.900 9466 KKB 0.940 -0.005 13.1 0.934 15.80 2.13 242.3
28.181 22.720 25.180 24.940 5681 PETDAG 25.000 0.020 730.8 25.01 22.97 3.68 24,836.4 0.270 0.070 0.095 0.080 7164 KNM 0.090 0.010 37955.5 0.089 — — 213.2
0.180 0.140 0.155 0.150 4081 PMCORP 0.150 UNCH 38.4 0.154 55.56 — 116.0 0.950 0.430 — — 5035 KNUSFOR 0.490 — — — — — 48.8
0.210 0.085 0.085 0.085 1287 PMHLDG 0.085 UNCH 4269.1 0.085 — — 79.0 1.700 0.810 1.300 1.220 6971 KOBAY 1.270 -0.010 89.7 1.271 8.56 — 129.7
0.644 0.440 — — 5080 POHKONG 0.500 — — — 9.69 2.00 205.2 0.245 0.120 0.170 0.140 7017 KOMARK 0.155 0.015 3632.4 0.152 — — 25.5
1.590 1.093 1.500 1.490 7088 POHUAT 1.500 0.010 290.5 1.491 6.99 4.67 349.8 4.683 3.140 3.850 3.780 7153 KOSSAN 3.800 UNCH 1786.6 3.812 26.08 1.58 4,860.0
18.900 16.860 17.660 17.500 4065 PPB 17.580 0.060 925.7 17.57 20.34 1.50 25,009.3 0.880 0.470 0.490 0.490 9121 KPSCB 0.490 UNCH 20 0.490 5.23 — 72.4
0.528 0.330 0.370 0.370 7190 PPG 0.370 0.005 1 0.370 75.51 5.41 37.0 4.850 3.665 4.360 4.300 3476 KSENG 4.350 -0.010 22 4.331 41.87 2.30 1,572.4
1.000 0.700 0.750 0.750 7168 PRG 0.750 UNCH 110 0.750 — — 233.3 0.724 0.285 0.315 0.315 5192 KSSC 0.315 UNCH 20 0.315 7.82 6.35 30.2
0.842 0.495 0.600 0.585 8966 PRLEXUS 0.585 -0.010 90.2 0.594 14.89 2.56 105.5 0.530 0.225 0.410 0.395 6874 KUB 0.400 UNCH 4004.4 0.402 11.83 3.75 222.6
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets T UESDAY JAN UARY 22 , 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)
0.530 0.250 — — 8362 KYM 0.315 — — — — — 47.2 0.385 0.300 — — 7213 HOVID 0.380 — — — 33.33 — 313.9
6.280 1.800 1.860 1.820 3794 LAFMSIA 1.830 UNCH 728.3 1.834 — — 1,554.9 6.388 4.540 5.800 5.640 5225 IHH 5.700 UNCH 5160 5.695 351.85 0.53 49,985.0
0.673 0.440 0.515 0.485 9326 LBALUM 0.485 0.005 10 0.490 19.09 2.06 120.5 4.683 3.140 3.850 3.780 7153 KOSSAN 3.800 UNCH 1786.6 3.812 26.08 1.58 4,860.0
6.192 4.180 4.670 4.620 5284 LCTITAN 4.620 -0.010 160.4 4.643 9.10 4.98 10,662.0 1.868 1.573 — — 0002 KOTRA 1.700 — — — 11.83 2.94 244.3
0.957 0.400 0.505 0.495 5232 LEONFB 0.495 -0.005 108.5 0.499 2.99 3.03 153.5 1.170 0.840 1.050 1.020 5878 KPJ 1.040 0.020 3962.5 1.032 23.80 1.92 4,580.1
0.330 0.100 0.135 0.130 8745 LEWEKO 0.135 -0.005 20 0.133 — — 43.5 4.120 2.645 2.820 2.740 7081 PHARMA 2.740 -0.070 490.8 2.774 11.90 7.30 713.8
0.225 0.085 — — 7170 LFECORP 0.100 — — — — — 18.6 2.285 1.430 1.580 1.540 7106 SUPERMX 1.550 0.020 7301.7 1.559 17.82 2.58 2,108.5
0.785 0.405 — — 8486 LIONFIB 0.435 — — — 10.46 — 100.7 0.860 0.695 0.730 0.725 0101 TMCLIFE 0.730 UNCH 220.3 0.728 45.91 0.25 1,267.6
1.420 0.450 0.600 0.585 4235 LIONIND 0.595 0.010 1181.9 0.591 2.47 — 427.2 6.297 4.610 4.870 4.750 7113 TOPGLOV 4.860 0.130 22724.9 4.800 28.40 1.75 12,444.4
0.560 0.250 0.295 0.270 9881 LSTEEL 0.295 0.020 25.1 0.274 4.39 — 37.8 0.370 0.230 — — 0301 TOPVISN 0.370 — — — 44.58 — 94.6
0.115 0.075 0.080 0.080 5068 LUSTER 0.080 UNCH 1020 0.080 19.05 — 158.1 3.390 2.267 2.750 2.740 7178 YSPSAH 2.740 -0.010 12.8 2.748 13.15 2.55 379.0
0.789 0.500 0.550 0.540 5143 LUXCHEM 0.550 0.005 104.3 0.547 12.14 4.55 475.0 FINANCIAL SERVICES
4.405 2.250 2.520 2.500 9199 LYSAGHT 2.500 -0.200 2 2.505 10.51 2.80 104.0 4.319 3.678 4.240 4.160 2488 ABMB 4.230 0.010 342.3 4.222 12.80 3.62 6,548.5
1.381 0.340 0.485 0.465 5098 MASTEEL 0.475 0.010 1734.4 0.477 4.90 1.89 202.9 16.300 11.741 15.980 15.780 5139 AEONCR 15.980 0.200 91.6 15.87 10.80 2.64 4,007.3
0.730 0.531 0.615 0.600 7029 MASTER 0.600 -0.005 39.1 0.614 6.41 3.33 32.8 2.642 2.153 2.260 2.230 5185 AFFIN 2.230 UNCH 1019.3 2.232 8.04 2.24 4,332.8
1.353 0.905 1.040 0.975 5152 MBL 1.040 0.010 86.6 1.021 9.51 0.96 107.1 14.700 10.440 13.800 13.680 1163 ALLIANZ 13.780 0.080 175.1 13.73 6.64 2.90 2,434.8
0.830 0.435 0.505 0.505 7004 MCEHLDG 0.505 UNCH 10 0.505 — — 22.4 4.725 3.278 4.550 4.480 1015 AMBANK 4.500 -0.030 2664.1 4.510 11.59 3.33 13,563.8
0.280 0.090 — — 3778 MELEWAR 0.120 — — — — — 43.1 1.620 0.900 — — 5088 APEX 0.900 — — — 21.69 — 192.2
0.715 0.440 — — 5223 MENTIGA 0.440 — — — 7.01 — 30.8 4.209 3.252 3.790 3.750 5258 BIMB 3.770 0.020 619.2 3.766 9.43 4.11 6,384.7
1.750 1.540 — — 6149 METROD 1.540 — — — 18.08 3.90 184.8 7.971 6.720 7.400 7.300 1818 BURSA 7.390 0.100 622.8 7.380 26.21 3.56 5,967.2
0.745 0.240 0.290 0.280 5001 MIECO 0.280 -0.005 358.5 0.287 — 3.57 147.0 7.206 5.101 5.680 5.630 1023 CIMB 5.670 0.020 4821.4 5.663 9.52 4.41 54,230.5
0.135 0.045 — — 7219 MINETEC 0.050 — — — — — 46.1 0.400 0.240 — — 2143 ECM 0.275 — — — 58.51 — 132.0
0.424 0.244 0.315 0.295 5576 MINHO 0.310 UNCH 225.6 0.302 8.76 1.55 105.6 1.288 1.114 1.260 1.230 5228 ELKDESA 1.260 0.010 38.3 1.246 11.49 5.56 389.3
0.924 0.667 0.725 0.715 5916 MSC 0.715 -0.015 213 0.723 51.81 1.40 286.0 20.980 16.963 20.900 20.680 5819 HLBANK 20.720 0.040 1715.2 20.72 15.66 2.32 44,915.1
0.110 0.060 0.110 0.105 0043 MTRONIC 0.110 UNCH 495.3 0.106 — — 35.3 10.100 7.327 — — 5274 HLCAP 9.600 — — — 30.64 1.98 2,370.2
2.884 1.115 2.010 1.950 3883 MUDA 2.000 0.060 881.4 1.982 6.91 1.75 610.1 19.952 16.979 19.500 19.400 1082 HLFG 19.420 0.020 707.6 19.42 11.35 2.06 22,284.8
0.555 0.240 0.270 0.270 5087 MYCRON 0.270 -0.005 10 0.270 6.52 — 91.9 0.981 0.645 0.725 0.715 3379 INSAS 0.725 0.005 308.8 0.721 6.18 2.76 502.7
0.640 0.330 0.480 0.460 7241 NGGB 0.465 0.010 1783.9 0.468 129.17 — 213.1 0.370 0.070 0.110 0.105 3441 JOHAN 0.110 0.005 786.3 0.106 — — 68.5
0.355 0.065 0.070 0.070 5025 NWP 0.070 UNCH 268.2 0.070 — — 27.5 0.780 0.524 0.580 0.565 6483 KENANGA 0.565 -0.010 143.2 0.569 11.04 5.31 408.3
0.859 0.563 0.700 0.630 4944 NYLEX 0.700 0.060 357.8 0.676 6.46 2.86 136.0 2.703 1.570 1.700 1.690 2186 KUCHAI 1.690 -0.010 4.6 1.694 4.63 0.59 209.1
1.047 0.555 0.620 0.555 7140 OKA 0.590 -0.010 246 0.593 7.47 6.22 144.8 17.233 15.640 16.260 16.180 8621 LPI 16.260 0.080 122.5 16.20 20.69 3.91 6,477.7
1.738 0.880 — — 5065 ORNA 0.950 — — — 6.16 5.26 71.5 0.773 0.400 0.540 0.505 1198 MAA 0.540 UNCH 13.3 0.510 — 11.11 147.7
0.130 0.045 0.055 0.050 7225 PA 0.055 0.005 2879.1 0.055 — — 102.9 3.314 2.300 — — 1058 MANULFE 2.350 — — — 18.29 3.40 475.6
1.219 0.402 0.870 0.855 8419 PANSAR 0.870 UNCH 1367.1 0.870 32.95 1.72 268.0 10.451 8.458 9.550 9.400 1155 MAYBANK 9.550 0.140 7467.7 9.451 13.08 5.97 105,524.5
0.645 0.410 0.475 0.455 5125 PANTECH 0.465 0.015 619.7 0.467 7.27 4.30 347.8 1.254 0.890 1.010 0.995 1171 MBSB 1.000 0.005 3133.7 1.000 9.29 5.00 6,389.1
10.200 7.545 8.770 8.440 5183 PCHEM 8.600 0.200 6272.2 8.612 14.69 3.37 68,800.0 2.062 0.845 1.090 1.060 6459 MNRB 1.080 0.010 767.7 1.070 3.69 — 828.4
1.553 0.669 0.870 0.860 5271 PECCA 0.870 0.010 618.6 0.866 14.72 5.75 163.6 1.640 1.010 1.050 1.030 5237 MPHBCAP 1.040 0.010 444.7 1.041 12.73 — 743.6
5.292 3.233 4.900 4.880 5436 PERSTIM 4.880 0.080 6.1 4.895 12.25 6.15 484.6 1.094 0.980 1.010 1.000 6009 P&O 1.010 0.010 9 1.003 — 5.15 289.8
2.020 0.950 1.240 1.200 5219 PESTECH 1.240 0.020 86.8 1.224 16.69 — 947.7 26.160 20.232 24.800 24.660 1295 PBBANK 24.800 0.120 4592.4 24.72 16.92 2.66 96,277.0
20.000 15.928 17.900 17.540 6033 PETGAS 17.780 0.060 1725.1 17.75 17.78 3.88 35,181.9 1.720 1.008 1.640 1.500 9296 RCECAP 1.570 -0.070 3692 1.537 5.78 5.10 564.9
13.009 6.010 6.670 6.500 3042 PETRONM 6.540 -0.030 82.2 6.557 5.05 3.82 1,765.8 5.795 4.826 5.500 5.400 1066 RHBBANK 5.430 0.010 3441.2 5.440 9.91 3.22 21,774.5
1.500 1.000 1.020 1.020 3611 PGLOBE 1.020 -0.070 1 1.020 — — 190.4 0.695 0.461 0.655 0.635 4898 TA 0.640 -0.010 174.8 0.649 4.92 6.41 1,095.6
0.218 0.090 0.115 0.115 7201 PICORP 0.115 0.005 123 0.115 50.00 1.30 75.7 3.980 3.050 3.960 3.800 6139 TAKAFUL 3.870 0.070 47.3 3.868 12.24 3.88 3,189.7
1.855 1.186 1.600 1.540 7095 PIE 1.550 0.040 730.2 1.563 12.90 1.55 595.3 1.039 0.525 0.650 0.640 5230 TUNEPRO 0.650 0.005 1118.8 0.645 10.37 4.62 488.6
0.265 0.100 — — 7163 PJBUMI 0.145 — — — — — 11.9 PROPERTY
4.280 3.090 3.320 3.300 7172 PMBTECH 3.300 -0.030 12.6 3.313 51.81 0.76 533.3 0.380 0.240 — — 7131 ACME 0.290 — — — 15.43 — 69.2
5.734 3.753 4.490 4.410 8869 PMETAL 4.450 0.050 1349.3 4.452 27.90 1.46 17,583.4 0.757 0.490 0.560 0.560 1007 AMPROP 0.560 0.005 15.5 0.560 2.78 7.14 341.3
0.570 0.460 — — 6637 PNEPCB 0.555 — — — 191.38 — 73.0 0.396 0.220 0.270 0.260 1007PA AMPROP-PA 0.265 0.010 39.5 0.266 — 7.55 76.4
0.590 0.260 0.360 0.360 8117 POLY 0.360 -0.020 2 0.360 13.24 — 57.6 1.420 0.870 — — 5959 AMVERTON 0.900 — — — 9.81 — 328.6
0.770 0.390 0.500 0.480 8273 PPHB 0.490 0.015 679.4 0.489 5.16 — 92.4 0.650 0.280 — — 7007 ARK 0.445 — — — — — 21.7
1.055 0.492 0.585 0.570 9873 PRESTAR 0.575 -0.005 84.7 0.578 5.58 6.96 117.8 0.175 0.110 0.120 0.115 4057 ASIAPAC 0.115 UNCH 302 0.117 4.53 — 119.3
0.103 0.035 0.050 0.045 7123 PWORTH 0.045 -0.005 3095.7 0.047 0.08 — 184.3 6.741 4.480 — — 2305 AYER 4.500 — — — 24.64 1.11 336.8
0.980 0.705 — — 7544 QUALITY 0.750 — — — — — 43.5 0.490 0.220 0.290 0.280 6602 BCB 0.290 0.005 15.2 0.282 3.94 — 119.6
0.580 0.210 — — 7498 RALCO 0.220 — — — — — 10.2 0.630 0.285 0.320 0.315 6173 BDB 0.320 -0.025 145.7 0.316 — — 97.2
0.520 0.210 0.330 0.290 5256 REACH 0.320 0.030 14857.9 0.311 — — 350.9 0.430 0.180 0.255 0.255 9814 BERTAM 0.255 UNCH 100 0.255 — — 52.7
0.420 0.260 0.340 0.325 7232 RESINTC 0.325 UNCH 64.4 0.332 28.51 7.69 44.6 0.539 0.245 0.300 0.300 3239 BJASSET 0.300 -0.005 150 0.300 — — 767.4
0.250 0.160 0.185 0.185 9954 RGTBHD 0.185 UNCH 928.3 0.185 — — 106.7 1.580 0.963 1.560 1.500 5738 CHHB 1.550 0.030 391.5 1.512 3.57 — 427.3
1.504 0.650 0.675 0.650 9741 ROHAS 0.675 0.010 97.1 0.660 13.13 2.96 319.0 1.423 1.190 1.250 1.250 6718 CRESNDO 1.250 0.010 1 1.250 12.20 4.80 350.6
0.716 0.435 0.460 0.450 7803 RUBEREX 0.460 0.005 15 0.456 8.26 3.80 116.0 1.619 1.108 1.550 1.440 5049 CVIEW 1.550 0.130 3.1 1.444 5.53 3.23 155.0
4.424 3.590 — — 5134 SAB 3.750 — — — 14.87 1.33 513.5 2.970 1.918 2.960 2.960 5355 DAIMAN 2.960 UNCH 41.5 2.960 18.09 1.69 628.1
8.480 5.708 7.390 7.330 9822 SAM 7.330 0.030 31.7 7.349 13.31 1.91 990.8 0.57 0.220 0.355 0.325 3484 DBHD 0.340 0.010 1571.3 0.343 5.92 — 108.2
1.230 0.640 0.685 0.670 5147 SAMCHEM 0.680 -0.005 220.3 0.681 8.48 5.88 185.0 0.100 0.050 — — 7198 DPS 0.065 — — — — — 38.2
0.869 0.680 0.745 0.700 7811 SAPIND 0.745 0.055 1 0.723 7.98 5.37 54.2 1.656 1.020 1.140 1.120 3417 E&O 1.130 0.010 227.8 1.128 16.87 2.60 1,499.2
0.785 0.205 0.260 0.260 5170 SCABLE 0.260 0.010 23.2 0.260 — — 82.4 0.325 0.280 0.300 0.295 3557 ECOFIRS 0.300 UNCH 123 0.298 5.19 — 240.9
2.334 1.000 1.230 1.220 7247 SCGM 1.230 UNCH 61.3 1.226 28.74 3.25 238.1 1.450 0.890 0.935 0.915 8206 ECOWLD 0.920 UNCH 1063.3 0.924 16.34 — 2,708.8
0.810 0.300 — — 9237 SCIB 0.495 — — — — — 42.5 0.830 0.350 0.405 0.390 6076 ENCORP 0.405 0.005 30.8 0.391 — — 119.1
2.074 0.900 1.160 1.100 0099 SCICOM 1.110 -0.040 530.2 1.109 14.92 8.11 394.6 2.798 1.530 — — 8613 ENRA 1.560 — — — — 2.88 212.5
9.377 6.350 8.820 8.750 4731 SCIENTX 8.810 0.020 1247.9 8.798 15.85 2.27 4,310.1 1.100 0.550 0.600 0.580 6815 EUPE 0.595 0.015 38.5 0.595 4.53 — 76.2
0.350 0.150 0.165 0.160 7239 SCNWOLF 0.165 0.010 110 0.162 — — 15.9 0.885 0.303 0.600 0.585 7249 EWEIN 0.590 0.005 812.5 0.593 5.19 0.85 177.9
0.820 0.155 0.220 0.205 7073 SEACERA 0.220 0.010 26760 0.216 — — 92.6 1.150 0.665 0.790 0.775 5283 EWINT 0.780 -0.005 117 0.779 53.06 — 1,872.0
0.190 0.090 0.135 0.120 5145 SEALINK 0.135 0.010 908 0.128 — — 67.5 0.445 0.340 0.375 0.360 6041 FARLIM 0.375 UNCH 11.2 0.370 937.50 — 63.1
0.665 0.180 0.245 0.245 5163 SEB 0.245 0.010 10 0.245 — — 19.6 0.554 0.361 0.385 0.380 5020 GLOMAC 0.385 0.005 83 0.383 10.21 3.90 308.0
1.340 0.655 — — 7165 SGB 0.780 — — — — — 154.9 0.404 0.240 0.255 0.250 9962 GMUTUAL 0.255 0.010 8 0.252 6.10 1.96 95.8
1.067 0.750 0.880 0.850 5181 SIGGAS 0.865 -0.020 74 0.866 39.68 0.92 162.2 0.335 0.170 0.195 0.195 1147 GOB 0.195 UNCH 35 0.195 — — 88.7
0.740 0.410 0.440 0.440 7115 SKBSHUT 0.440 -0.040 12.4 0.440 38.94 — 17.6 0.255 0.085 0.150 0.150 7077 GSB 0.150 UNCH 36 0.150 83.33 — 82.9
2.041 0.945 1.270 1.220 7155 SKPRES 1.260 0.050 1115.1 1.253 13.89 4.02 1,575.2 1.112 0.722 0.800 0.750 1503 GUOCO 0.785 -0.015 65.5 0.776 14.17 2.55 549.9
1.449 0.778 1.210 1.170 7248 SLP 1.200 0.010 160.5 1.197 17.86 3.75 380.4 1.370 1.150 1.270 1.240 7105 HCK 1.270 UNCH 92.5 1.257 96.95 — 535.2
0.540 0.370 — — 7132 SMISCOR 0.495 — — — — — 22.2 0.835 0.500 — — 7010 HOOVER 0.600 — — — — — 24.0
2.329 0.720 0.860 0.850 5665 SSTEEL 0.850 -0.005 88.5 0.856 2.31 4.12 368.6 0.725 0.300 0.385 0.370 5062 HUAYANG 0.370 UNCH 636.9 0.372 25.87 — 130.2
0.230 0.100 — — 7143 STONE 0.145 — — — — — 13.0 0.534 0.360 0.445 0.435 4251 IBHD 0.440 UNCH 55.2 0.439 6.66 4.84 445.1
1.240 0.400 0.485 0.480 6904 SUBUR 0.480 UNCH 58 0.481 — — 100.3 0.870 0.150 — — 5084 IBRACO 0.595 — — — 14.41 4.62 295.4
1.217 0.520 0.560 0.555 7207 SUCCESS 0.555 -0.025 512.8 0.560 25.11 1.80 137.9 1.860 0.550 1.290 1.220 9687 IDEAL 1.220 -0.060 30.7 1.227 2.96 — 134.8
1.710 1.350 1.510 1.490 5211 SUNWAY 1.500 0.010 2326.8 1.500 11.22 4.33 7,386.7 3.415 2.390 2.500 2.500 5606 IGBB 2.500 UNCH 64.5 2.500 7.84 0.80 1,723.8
2.056 0.978 1.250 1.230 7235 SUPERLN 1.250 0.010 44.2 1.233 16.32 1.52 200.0 1.997 1.210 1.590 1.550 5249 IOIPG 1.570 UNCH 710.6 1.568 13.25 3.18 8,644.6
2.285 1.430 1.580 1.540 7106 SUPERMX 1.550 0.020 7301.7 1.559 17.82 2.58 2,108.5 0.344 0.195 0.220 0.215 5175 IVORY 0.215 UNCH 107.4 0.215 — 11.63 105.4
0.395 0.180 0.260 0.230 5149 TAS 0.260 0.045 437.5 0.248 — — 46.8 1.440 0.365 0.530 0.510 1589 IWCITY 0.515 -0.005 3224.9 0.522 61.31 — 431.3
11.702 4.050 4.850 4.600 4448 TASEK 4.760 0.260 32.5 4.746 — 8.40 588.4 0.500 0.250 — — 8923 JIANKUN 0.320 — — — — — 53.4
0.380 0.065 0.125 0.110 5178 TATGIAP 0.115 0.005 28340.9 0.117 — — 27.3 0.100 0.070 0.080 0.075 6769 JKGLAND 0.075 UNCH 884.7 0.075 35.71 1.33 170.6
1.150 0.465 0.480 0.475 7097 TAWIN 0.475 -0.010 45.7 0.476 — — 37.8 0.095 0.065 0.085 0.085 3115 KBUNAI 0.085 UNCH 608 0.085 12.50 — 491.0
0.970 0.805 0.895 0.885 5289 TECHBND 0.890 UNCH 2932.2 0.890 — — 204.7 0.940 0.555 — — 7323 KEN 0.730 — — — 2.82 3.42 140.0
0.960 0.685 0.685 0.685 8702 TEXCHEM 0.685 -0.010 1.1 0.685 — 14.60 85.0 1.080 0.675 0.835 0.820 5038 KSL 0.830 0.015 1068.3 0.828 3.78 — 861.1
4.011 2.070 2.440 2.400 7034 TGUAN 2.440 0.050 132.2 2.429 12.10 3.28 332.9 0.203 0.130 0.160 0.155 3174 L&G 0.160 0.005 373.5 0.156 18.60 9.38 475.7
1.600 1.040 1.080 1.080 7374 TIENWAH 1.080 0.010 1 1.080 — 5.56 156.3 1.211 0.630 0.705 0.705 8494 LBICAP 0.705 -0.010 4.7 0.705 7.19 4.26 57.9
0.650 0.410 0.650 0.410 7854 TIMWELL 0.620 -0.030 8.1 0.549 13.81 1.61 55.2 1.090 0.600 0.690 0.680 5789 LBS 0.685 -0.005 289 0.686 10.89 3.21 1,067.9
1.040 0.525 0.695 0.680 7285 TOMYPAK 0.685 -0.010 248.5 0.688 118.10 3.07 287.6 0.480 0.280 0.290 0.285 3573 LIENHOE 0.285 -0.005 259.4 0.285 14.39 — 103.1
4.190 2.476 3.940 3.920 5010 TONGHER 3.940 0.020 7.1 3.929 9.15 6.60 620.3 1.300 0.840 0.925 0.885 7617 MAGNA 0.925 -0.005 2.3 0.890 13.43 — 309.8
6.297 4.610 4.870 4.750 7113 TOPGLOV 4.860 0.130 22724.9 4.800 28.40 1.75 12,444.4 1.392 0.890 0.945 0.925 8583 MAHSING 0.925 -0.005 1251.9 0.932 10.54 7.03 2,245.6
1.115 0.503 0.635 0.620 7173 TOYOINK 0.620 -0.010 42 0.629 19.56 1.61 66.3 0.989 0.390 0.525 0.510 6181 MALTON 0.510 -0.015 1815.9 0.514 8.78 3.92 269.4
0.780 0.620 0.715 0.690 5167 TURBO 0.715 0.020 10 0.695 16.44 1.40 77.2 2.081 1.734 1.910 1.890 5236 MATRIX 1.890 0.010 170 1.900 6.45 7.14 1,422.8
3.070 1.953 2.680 2.640 7100 UCHITEC 2.650 UNCH 164.7 2.660 17.54 5.66 1,194.5 2.240 1.540 — — 7189 MBWORLD 1.730 — — — 4.12 3.99 272.3
2.249 0.480 0.620 0.620 7133 ULICORP 0.620 0.020 10 0.620 32.29 5.37 135.0 0.965 0.620 0.650 0.630 5182 MCT 0.630 -0.030 122.9 0.633 8.79 — 917.9
2.750 2.000 — — 7137 UMS 2.400 — — — 16.97 2.50 97.7 0.510 0.265 0.300 0.295 5040 MEDAINC 0.300 UNCH 965 0.295 — — 147.8
1.116 0.810 — — 7227 UMSNGB 1.060 — — — 10.88 2.83 84.8 0.545 0.340 0.400 0.400 1694 MENANG 0.400 0.010 2.9 0.400 11.49 — 192.3
1.078 0.871 1.000 1.000 7091 UNIMECH 1.000 0.010 72.7 1.000 8.19 2.25 158.8 0.375 0.190 — — 8141 MJPERAK 0.230 — — — 12.57 — 59.1
0.750 0.355 0.370 0.370 4995 VERSATL 0.370 -0.005 20 0.370 — — 47.8 1.729 1.110 1.290 1.240 6114 MKH 1.250 0.010 139.5 1.265 10.54 2.80 733.2
2.545 0.623 0.875 0.835 6963 VS 0.835 -0.020 24890.7 0.854 9.59 4.67 1,515.3 0.280 0.160 0.180 0.180 8893 MKLAND 0.180 UNCH 174.8 0.180 9.57 — 217.3
1.710 0.595 0.735 0.720 5142 WASEONG 0.720 -0.010 135.9 0.729 3.95 — 557.9 0.135 0.020 — — 6548 MPCORP 0.045 — — — — — 12.9
0.825 0.240 0.765 0.750 7226 WATTA 0.765 0.005 259.9 0.762 15.49 — 64.6 1.233 0.534 0.735 0.700 1651 MRCB 0.705 -0.005 20814.5 0.716 12.75 2.48 3,101.9
1.544 1.122 1.290 1.260 7231 WELLCAL 1.270 0.020 97.3 1.269 19.94 4.29 632.4 0.640 0.390 — — 9539 MUH 0.455 — — — — — 25.7
0.655 0.460 — — 7692 WIDETEC 0.540 — — — 12.53 — 24.2 0.320 0.205 0.230 0.220 3913 MUIPROP 0.225 -0.010 7535.9 0.225 27.44 — 171.9
0.962 0.559 0.620 0.600 7050 WONG 0.600 UNCH 30 0.605 7.92 — 68.8 1.150 0.430 0.455 0.445 5073 NAIM 0.455 0.005 612.4 0.450 — — 275.5
0.680 0.500 0.630 0.550 7025 WOODLAN 0.630 0.010 20.1 0.558 — — 25.2 2.289 1.883 2.050 2.000 5827 OIB 2.020 -0.030 27 2.039 7.35 3.47 312.8
1.959 1.390 1.550 1.550 5009 WTHORSE 1.550 UNCH 5 1.550 — 4.52 372.0 1.028 0.835 0.900 0.895 5053 OSK 0.900 0.005 446.3 0.897 7.27 6.11 1,885.8
0.756 0.415 0.465 0.455 4243 WTK 0.460 UNCH 533.2 0.460 2.03 2.17 221.4 2.260 1.671 2.150 2.100 1724 PARAMON 2.150 0.010 190.7 2.103 10.24 3.95 920.8
0.706 0.160 0.370 0.325 7245 WZSATU 0.350 0.030 4861.9 0.350 — 4.29 162.8 0.629 0.300 0.430 0.390 6912 PASDEC 0.395 0.020 221 0.404 — — 158.1
0.035 0.005 — — 7122 YFG 0.005 — — — — — 3.0 0.070 0.015 0.025 0.020 4464 PHB 0.020 -0.005 270 0.022 — — 35.0
0.770 0.545 — — 5048 YILAI 0.570 — — — — — 91.2 1.830 1.250 1.490 1.470 7055 PLB 1.490 0.040 4 1.475 — — 167.5
0.455 0.090 0.115 0.115 7020 YKGI 0.115 UNCH 58.4 0.115 — — 40.3 1.595 1.305 1.430 1.430 5075 PLENITU 1.430 -0.020 22 1.430 12.43 3.15 545.6
0.445 0.200 0.250 0.235 7014 YLI 0.250 UNCH 11.5 0.249 — — 25.7 6.150 5.220 6.010 5.920 7765 RAPID 5.950 -0.020 2133.9 5.964 367.28 — 636.0
CONSTRUCTION 1.120 0.600 0.655 0.650 4596 SAPRES 0.650 UNCH 2 0.654 8.55 — 90.7
0.835 0.241 0.315 0.310 5281 ADVCON 0.310 UNCH 339 0.310 14.62 3.23 124.6 0.630 0.400 0.495 0.495 5207 SBCCORP 0.495 0.015 5.1 0.495 15.42 — 127.8
0.896 0.274 0.365 0.350 7078 AZRB 0.355 UNCH 1798.2 0.356 14.31 2.51 212.3 0.930 0.600 0.665 0.650 2224 SDRED 0.665 UNCH 8 0.660 3.18 3.76 283.4
0.405 0.155 0.190 0.185 5190 BENALEC 0.190 UNCH 306.1 0.189 — 2.11 163.7 0.470 0.285 0.350 0.320 4286 SEAL 0.335 -0.065 99.6 0.340 2.93 — 81.4
0.385 0.165 0.285 0.275 5932 BPURI 0.280 0.005 13285.6 0.280 20.00 — 107.0 2.617 2.180 2.350 2.340 6017 SHL 2.340 0.010 15 2.347 8.20 9.40 566.6
0.957 0.725 0.750 0.735 8761 BREM 0.750 UNCH 102.8 0.744 9.99 2.67 259.1 1.577 0.905 1.120 1.080 5288 SIMEPROP 1.100 -0.020 1023.3 1.098 26.83 5.45 7,480.9
1.100 0.790 0.900 0.880 8591 CRESBLD 0.880 -0.010 310.7 0.886 2.45 4.55 155.7 0.250 0.135 0.185 0.170 4375 SMI 0.170 UNCH 610 0.178 — — 35.7
1.840 1.535 1.800 1.700 7528 DKLS 1.800 0.070 20.1 1.734 23.78 1.67 166.9 0.670 0.345 — — 5213 SNTORIA 0.400 — — — 8.00 — 226.9
1.310 0.360 0.535 0.475 5253 ECONBHD 0.515 0.045 33312.4 0.513 8.51 3.11 688.8 6.090 3.950 6.090 6.080 1783 SPB 6.090 0.010 112.7 6.090 — 1.97 2,092.6
1.085 0.411 0.570 0.555 8877 EKOVEST 0.560 0.010 7448 0.561 10.13 1.79 1,198.0 3.247 1.930 2.490 2.460 8664 SPSETIA 2.480 -0.010 2082.5 2.471 8.53 6.25 9,817.2
0.852 0.300 0.380 0.375 7047 FAJAR 0.380 0.005 518.5 0.379 8.24 3.95 142.1 1.340 0.580 0.590 0.585 3743 SUNSURIA 0.590 0.005 182.1 0.589 4.64 — 471.3
1.136 0.475 0.625 0.610 9261 GADANG 0.615 UNCH 1382.9 0.615 4.26 4.88 407.0 0.751 0.320 0.365 0.360 1538 SYMLIFE 0.365 0.005 25 0.362 2.35 — 215.5
5.075 1.948 2.860 2.760 5398 GAMUDA 2.800 -0.030 6203.7 2.804 14.26 4.29 6,910.5 0.350 0.165 0.245 0.240 4022 TADMAX 0.245 UNCH 950.8 0.242 — — 192.0
1.889 0.595 1.150 1.080 5226 GBGAQRS 1.090 -0.060 13891.6 1.105 7.27 3.90 539.1 0.373 0.240 0.260 0.255 5158 TAGB 0.260 UNCH 581.1 0.260 4.99 2.31 1,383.6
4.257 0.741 1.150 1.060 3204 GKENT 1.120 0.020 17509.9 1.106 5.31 3.13 630.9 0.050 0.025 0.025 0.025 2259 TALAMT 0.025 -0.005 1520 0.025 — — 105.5
0.610 0.280 0.385 0.360 5169 HOHUP 0.365 UNCH 1183.9 0.368 4.51 — 136.8 1.050 0.690 0.790 0.775 5191 TAMBUN 0.780 UNCH 446.7 0.782 5.77 8.59 338.0
1.615 1.272 1.370 1.330 6238 HSL 1.340 -0.020 103.9 1.336 12.95 1.79 780.8 0.112 0.045 0.060 0.055 2429 TANCO 0.055 -0.005 31 0.055 — — 36.9
3.099 1.373 1.820 1.800 3336 IJM 1.800 -0.020 1694.8 1.806 33.15 2.78 6,544.2 0.485 0.131 0.220 0.215 7889 THRIVEN 0.220 UNCH 187.7 0.220 5.06 — 109.4
0.570 0.090 0.130 0.120 5268 IKHMAS 0.125 0.005 2261.4 0.125 — — 68.2 0.120 0.045 0.085 0.080 7079 TIGER 0.085 UNCH 1504.6 0.084 — — 90.6
0.781 0.444 — — 8834 IREKA 0.535 — — — 59.44 3.74 99.9 0.730 0.285 0.320 0.310 5239 TITIJYA 0.315 UNCH 327.8 0.315 5.97 0.79 423.5
1.840 0.405 0.590 0.565 4723 JAKS 0.575 -0.005 9657.1 0.577 2.18 — 313.9 0.930 0.805 0.900 0.890 5401 TROP 0.895 -0.005 73.2 0.896 7.06 3.11 1,316.0
1.868 0.990 1.310 1.250 7161 KERJAYA 1.280 0.020 1014.4 1.281 13.46 1.56 1,589.7 1.243 0.620 0.795 0.770 5148 UEMS 0.790 0.010 1999.4 0.785 12.34 1.27 3,584.6
2.199 1.000 1.180 1.170 5171 KIMLUN 1.180 0.030 31.5 1.172 6.10 4.66 391.6 2.549 1.840 2.300 2.190 5200 UOADEV 2.300 0.100 232.7 2.260 9.27 6.52 4,243.2
1.220 0.750 — — 9628 LEBTECH 0.905 — — — — — 123.5 0.310 0.105 0.150 0.145 6378 WMG 0.150 UNCH 2 0.147 — — 63.9
0.778 0.450 0.470 0.450 5129 MELATI 0.465 0.005 50 0.467 22.91 2.15 55.8 1.000 0.910 — — 7003 Y&G 0.910 — — — 17.30 — 181.4
1.926 0.900 0.900 0.900 8192 MERCURY 0.900 UNCH 10 0.900 24.19 4.44 36.2 1.660 1.040 1.300 1.280 3158 YNHPROP 1.280 -0.010 755.4 1.287 21.81 0.55 677.1
0.905 0.240 0.850 0.850 5006 MERGE 0.850 UNCH 2 0.850 — — 57.0 1.640 0.300 0.430 0.415 7066 YONGTAI 0.415 -0.005 3664.7 0.419 25.30 — 201.5
1.750 0.680 0.710 0.680 7595 MGB 0.700 -0.020 108 0.690 9.83 — 347.8 0.525 0.370 0.380 0.380 2577 YTLLAND 0.380 UNCH 18 0.380 — — 320.9
0.866 0.225 0.345 0.325 9571 MITRA 0.325 UNCH 5109.2 0.331 4.72 6.15 291.2 TRANSPORTATION & LOGISTICS
0.290 0.115 0.165 0.160 5924 MTDACPI 0.165 0.010 24.9 0.164 6.76 — 38.2 9.926 7.260 8.150 8.010 5014 AIRPORT 8.100 0.050 3584.8 8.086 20.07 1.60 13,439.5
1.040 0.265 0.375 0.330 5085 MUDAJYA 0.350 0.030 1187.8 0.360 — — 211.9 2.117 1.182 1.300 1.290 8133 BHIC 1.300 UNCH 16.4 1.294 — 2.69 323.0
3.272 2.452 3.060 2.770 5703 MUHIBAH 2.800 -0.190 4567.4 2.874 9.38 2.50 1,353.8 5.909 4.410 4.500 4.410 5032 BIPORT 4.480 -0.020 14 4.422 19.78 3.13 2,060.8
0.555 0.270 0.290 0.285 7071 OCR 0.290 UNCH 912.6 0.288 52.73 — 93.3 0.490 0.330 — — 7187 CHGP 0.370 — — — 18.69 — 109.9
0.835 0.730 — — 5622 PEB 0.810 — — — 2.79 — 56.0 0.998 0.385 0.505 0.465 7117 CJCEN 0.485 0.025 4116.8 0.484 15.11 3.09 191.2
0.463 0.170 0.215 0.205 8311 PESONA 0.210 UNCH 313.8 0.210 10.99 4.76 145.9 0.800 0.535 0.680 0.680 5136 COMPLET 0.680 UNCH 42.2 0.680 7.29 — 84.5
0.950 0.190 0.295 0.265 5070 PRTASCO 0.280 0.010 22961.2 0.278 50.91 18.11 138.7 0.605 0.280 0.455 0.440 5259 EATECH 0.445 -0.005 1305.7 0.445 1.94 — 224.3
0.180 0.095 0.140 0.130 7145 PSIPTEK 0.135 -0.005 1178.4 0.135 18.75 — 47.1 0.810 0.505 0.560 0.550 7210 FREIGHT 0.555 UNCH 1603.7 0.551 7.94 6.00 155.0
3.528 2.167 2.350 2.350 9598 PTARAS 2.350 UNCH 5.5 2.350 26.80 8.51 389.8 0.655 0.255 0.320 0.310 0078 GDEX 0.315 UNCH 613.3 0.313 76.83 0.63 1,764.8
0.699 0.315 0.385 0.375 6807 PUNCAK 0.385 UNCH 237.3 0.381 — 1.30 173.0 0.480 0.280 0.280 0.280 7676 GUNUNG 0.280 -0.010 10 0.280 14.58 — 66.1
1.090 0.455 0.650 0.630 5205 SENDAI 0.645 0.010 2303.4 0.639 6.30 — 503.8 0.858 0.611 0.690 0.690 2062 HARBOUR 0.690 -0.010 26 0.690 7.45 1.45 276.3
2.516 1.300 1.590 1.570 5263 SUNCON 1.580 UNCH 704.8 1.580 14.59 4.75 2,042.8 0.130 0.030 0.060 0.055 7013 HUBLINE 0.055 -0.005 23106.4 0.060 — — 207.9
0.295 0.210 0.230 0.225 9717 SYCAL 0.230 UNCH 33.8 0.229 53.49 — 95.8 0.790 0.450 0.465 0.450 5614 ILB 0.465 0.005 4.2 0.461 — — 90.7
0.748 0.405 0.600 0.580 5054 TRC 0.585 -0.005 4666.2 0.590 14.27 4.79 281.1 5.781 3.557 4.600 4.490 6645 LITRAK 4.600 0.100 281 4.500 10.60 4.35 2,428.7
0.580 0.295 0.460 0.410 5042 TSRCAP 0.410 -0.070 20 0.418 36.61 — 71.5 0.205 0.055 0.080 0.070 5078 M&G 0.080 0.010 574 0.072 — 62.50 57.9
0.240 0.180 — — 0301 UNIWALL 0.240 — — — 21.05 — 87.8 0.710 0.410 0.660 0.620 5077 MAYBULK 0.655 0.030 890.5 0.641 — — 655.0
1.020 0.770 1.020 0.990 7070 VIZIONE 1.020 0.035 3268.5 1.005 9.25 — 570.0 7.290 4.917 6.700 6.620 3816 MISC 6.630 0.030 908.5 6.640 28.42 4.52 29,594.9
1.220 0.470 0.495 0.485 3565 WCEHB 0.490 UNCH 175 0.490 56.98 — 491.3 2.080 0.825 0.960 0.940 2194 MMCCORP 0.940 -0.010 702.4 0.952 15.19 4.26 2,862.4
1.680 0.660 0.855 0.835 9679 WCT 0.855 0.020 2880.4 0.849 7.18 3.51 1,211.0 0.560 0.200 — — 9806 NATWIDE 0.250 — — — — — 30.8
0.745 0.150 — — 7028 ZECON 0.210 — — — 11.60 — 27.5 0.150 0.025 0.040 0.030 6254 PDZ 0.035 UNCH 3597.9 0.035 — — 23.9
0.130 0.025 0.070 0.060 2283 ZELAN 0.070 UNCH 1680.9 0.066 — — 59.1 5.075 1.550 2.030 1.920 4634 POS 2.010 0.090 2039.8 1.990 58.43 3.98 1,573.4
HEALTH CARE 1.300 0.295 — — 8346 PRKCORP 0.410 — — — — — 41.0
0.630 0.350 0.380 0.350 7191 ADVENTA 0.355 -0.015 73.8 0.358 34.47 — 54.2 0.190 0.090 0.135 0.120 5145 SEALINK 0.135 0.010 908 0.128 — — 67.5
8.870 4.799 8.400 8.300 7090 AHEALTH 8.320 0.020 80.5 8.323 17.86 1.56 978.2 1.531 0.940 — — 7053 SEEHUP 0.950 — — — — 3.32 76.4
1.463 0.925 1.000 0.975 7148 CCMDBIO 0.990 0.010 507.8 0.986 14.27 4.11 655.3 1.850 1.450 1.850 1.790 6521 SURIA 1.800 -0.050 162.4 1.799 8.28 1.94 518.7
7.383 4.920 5.380 5.260 5168 HARTA 5.300 0.050 12923.5 5.301 37.04 1.58 17,651.8 0.405 0.210 0.285 0.265 5173 SYSCORP 0.275 0.010 708.1 0.275 16.47 — 330.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
TUES DAY JAN UA RY 22, 20 1 9 • T HE ED 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)
0.395 0.180 0.260 0.230 5149 TAS 0.260 0.045 437.5 0.248 — — 46.8 0.635 0.130 0.225 0.215 2739 HUAAN 0.220 0.005 14525.4 0.222 6.09 — 246.9
2.110 0.990 1.270 1.230 5140 TASCO 1.230 -0.030 37 1.260 11.70 3.66 246.0 0.270 0.060 0.105 0.085 5255 ICON 0.100 0.015 15580.8 0.095 — — 117.7
1.320 0.720 0.750 0.740 8397 TNLOGIS 0.740 -0.010 207.9 0.743 12.54 2.70 341.0 0.270 0.070 0.095 0.080 7164 KNM 0.090 0.010 37955.5 0.089 — — 213.2
1.150 0.350 0.840 0.840 7218 TOCEAN 0.840 0.010 2 0.840 — — 34.4 0.865 0.495 0.690 0.665 5186 MHB 0.690 0.020 946.2 0.683 — 4.35 1,104.0
3.950 3.003 3.930 3.770 5246 WPRTS 3.930 0.170 1171.3 3.875 22.38 3.40 13,401.3 0.905 0.315 0.400 0.400 5133 PENERGY 0.400 0.015 58.9 0.400 — 5.00 128.7
1.240 0.620 0.810 0.790 5267 XINHWA 0.800 0.005 660.7 0.800 23.19 1.25 172.8 0.495 0.175 0.255 0.240 7108 PERDANA 0.250 0.010 8240.2 0.249 — — 194.6
PLANTATION 0.085 0.005 0.005 0.005 0047 PERISAI 0.005 UNCH 3189.1 0.005 — — 6.3
0.220 0.140 — — 7054 AASIA 0.150 — — — — — 99.0 13.009 6.010 6.670 6.500 3042 PETRONM 6.540 -0.030 82.2 6.557 5.05 3.82 1,765.8
19.199 16.200 16.740 16.600 1899 BKAWAN 16.740 0.080 13.9 16.62 14.44 3.29 7,297.8 0.520 0.210 0.330 0.290 5256 REACH 0.320 0.030 14857.9 0.311 — — 350.9
8.269 6.700 7.000 7.000 5069 BLDPLNT 7.000 UNCH 10 7.000 128.68 0.43 654.5 0.910 0.275 0.290 0.280 5218 SAPNRG 0.285 -0.005 170893 0.284 — — 4,554.0
1.295 0.655 0.970 0.960 5254 BPLANT 0.970 0.010 168.1 0.965 — 10.16 2,172.8 0.273 0.040 0.065 0.050 7158 SCOMI 0.060 0.010 15050.7 0.054 — — 65.6
0.822 0.530 0.590 0.590 8982 CEPAT 0.590 0.010 6 0.590 13.75 3.39 187.9 0.140 0.030 0.055 0.050 7045 SCOMIES 0.050 UNCH 5699.7 0.051 — — 117.1
7.833 6.343 6.900 6.650 1929 CHINTEK 6.650 -0.250 2.6 6.679 8.42 2.71 607.6 4.256 2.815 3.670 3.620 5279 SERBADK 3.620 0.010 2909.4 3.640 14.45 2.02 5,316.0
0.595 0.435 0.490 0.480 3948 DUTALND 0.490 UNCH 144.5 0.484 — — 414.6 0.120 0.005 0.015 0.005 1201 SUMATEC 0.005 -0.010 104498 0.010 — — 21.3
3.459 1.973 2.850 2.800 5029 FAREAST 2.800 UNCH 22.1 2.850 1.43 1.63 1,662.7 0.665 0.300 0.395 0.375 7228 T7GLOBAL 0.380 0.005 477.4 0.385 35.51 — 159.4
2.090 0.630 0.980 0.945 5222 FGV 0.955 0.005 27307.5 0.963 — 5.50 3,484.0 0.125 0.025 0.040 0.035 7206 THHEAVY 0.040 0.005 3807 0.040 — — 44.9
10.396 9.002 9.990 9.900 2291 GENP 9.980 0.060 2910.6 9.972 29.88 1.43 8,042.1 1.570 0.550 0.745 0.720 7250 UZMA 0.740 0.005 202.1 0.737 15.55 — 236.8
0.580 0.335 — — 7382 GLBHD 0.400 — — — — 2.50 89.2 0.415 0.165 0.225 0.205 5243 VELESTO 0.220 0.015 23914.9 0.217 — — 1,807.4
1.100 0.550 — — 2135 GOPENG 0.750 — — — 36.41 3.56 201.7 1.710 0.595 0.735 0.720 5142 WASEONG 0.720 -0.010 135.9 0.729 3.95 — 557.9
0.650 0.340 — — 7501 HARNLEN 0.470 — — — — — 87.2 4.905 3.597 4.140 4.040 7293 YINSON 4.060 -0.040 1700.5 4.069 18.87 1.48 4,438.1
2.545 1.610 1.800 1.800 5138 HSPLANT 1.800 0.020 3 1.800 20.86 4.17 1,440.0
2.610 1.300 1.550 1.500 2216 IJMPLNT 1.500 -0.010 283.9 1.516 — 3.33 1,320.9
0.754 0.610 0.635 0.625 2607 INCKEN 0.630 -0.010 533 0.628 — 1.73 265.1
1.120 0.605 0.680
4.757 4.100 4.670
1.108 0.430 0.575
0.650
4.610
0.560
6262
1961
4383
INNO
IOICORP
JTIASA
0.650
4.640
0.565
UNCH 35.3
-0.030 2661.3
0.005 564.6
0.661 15.22
4.641 28.26
0.568 —
7.69
1.94
0.88
311.3
29,159.9
550.2
Ace Market
25.809 23.106 24.320 24.280 2445 KLK 24.300 UNCH 737.2 24.30 34.36 1.85 25,940.4 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
4.588 3.620 3.810 3.800 2453 KLUANG 3.800 0.030 1.2 3.801 90.26 0.26 240.1 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.453 1.130 1.290 1.260 5027 KMLOONG 1.260 0.010 32.7 1.275 17.31 4.76 1,178.6
0.880 0.365 0.400 0.395 1996 KRETAM 0.400 UNCH 301.8 0.400 — 2.50 931.1 CONSUMER PRODUCTS & SERVICES
1.550 0.800 — — 6572 KWANTAS 0.810 — — — — — 252.5 0.725 0.325 0.425 0.410 0098 BAHVEST 0.415 0.005 1479.9 0.416 26.60 — 506.9
1.095 0.760 — — 4936 MALPAC 0.760 — — — — 13.16 57.0 0.275 0.190 0.210 0.205 0179 BIOHLDG 0.205 Unch 2149.8 0.205 12.89 0.54 176.3
0.833 0.560 0.640 0.630 5026 MHC 0.630 UNCH 34 0.634 11.73 3.17 123.8 0.350 0.210 0.255 0.240 0205 DPIH 0.250 0.005 5638.2 0.250 8.01 — 121.7
2.000 1.780 — — 5047 NPC 1.830 — — — — 0.55 219.6 0.310 0.120 0.150 0.145 0116 FOCUS 0.145 Unch 1505.5 0.149 — — 296.1
3.859 3.110 3.190 3.190 2038 NSOP 3.190 0.030 10 3.190 9.72 1.88 223.9 0.259 0.144 — — 0157 FOCUSP 0.160 — — — 7.41 6.25 26.4
0.690 0.140 0.380 0.365 1902 PINEPAC 0.380 0.010 808.7 0.375 — — 56.9 0.165 0.085 0.095 0.090 0074 GOCEAN 0.095 0.005 87.2 0.090 — — 27.5
1.120 0.650 — — 9695 PLS 0.900 — — — — — 294.0 0.195 0.040 0.045 0.045 0170 KANGER 0.045 Unch 1630.4 0.045 8.04 — 40.2
0.380 0.140 0.190 0.180 5113 RSAWIT 0.185 0.005 542.2 0.185 — — 262.4 0.215 0.125 0.160 0.150 0180 KTC 0.160 0.005 667.2 0.158 — — 81.6
3.954 2.981 3.020 3.020 2542 RVIEW 3.020 UNCH 46.2 3.020 32.93 1.99 195.8 0.210 0.105 0.120 0.120 0182 LKL 0.120 0.005 5 0.120 — 2.92 51.5
3.461 2.740 — — 2569 SBAGAN 3.160 — — — 27.92 0.63 209.6 0.780 0.280 0.455 0.420 0201 NOVA 0.440 0.020 565.2 0.440 16.54 4.09 139.8
0.610 0.320 — — 4316 SHCHAN 0.320 — — — — — 42.2 0.200 0.110 — — 0153 OVERSEA 0.130 — — — — — 32.0
5.596 3.950 5.120 4.950 5285 SIMEPLT 5.110 0.010 3253.6 5.108 42.23 — 35,180.2 0.310 0.075 0.085 0.085 0022 PARLO 0.085 Unch 50 0.085 0.53 — 30.9
4.033 1.960 2.620 2.540 5126 SOP 2.590 0.130 79 2.591 14.33 2.32 1,478.6 0.350 0.235 0.300 0.300 0171 PLABS 0.300 Unch 202.9 0.300 16.30 2.00 64.4
1.800 1.455 1.560 1.550 5135 SWKPLNT 1.550 -0.020 57.8 1.550 — 3.23 434.0 0.550 0.433 0.490 0.485 0158 SCC 0.485 Unch 99 0.487 9.42 7.01 68.5
3.355 1.882 2.620 2.560 5012 TAANN 2.560 -0.040 82.7 2.605 15.50 3.91 1,138.8 0.310 0.135 — — 0140 STERPRO 0.150 — — — — — 48.2
0.495 0.145 0.185 0.180 2054 TDM 0.185 0.005 2904.8 0.181 — 2.70 311.3 0.315 0.130 0.175 0.175 0148 SUNZEN 0.175 0.005 0.5 0.175 79.55 1.71 91.9
1.059 0.455 0.590 0.560 5112 THPLANT 0.580 0.035 239.3 0.579 — 6.21 512.6 0.393 0.190 0.325 0.315 0197 WEGMANS 0.320 -0.005 545.1 0.318 16.24 1.56 160.0
1.633 0.960 1.050 1.050 9059 TSH 1.050 UNCH 20 1.050 27.49 1.90 1,450.9 0.085 0.030 0.045 0.035 0095 XINGHE 0.045 0.005 49549.6 0.040 — — 115.8
6.505 5.101 5.320 5.300 2593 UMCCA 5.300 UNCH 20.5 5.301 49.21 1.51 1,111.3 INDUSTRIAL PRODUCTS & SERVICES
28.062 25.000 26.180 25.500 2089 UTDPLT 26.120 0.320 7.2 25.52 14.03 1.53 5,436.5 0.300 0.210 — — 0122 AIM 0.280 — — — — — 74.5
TELECOMMUNICATIONS & MEDIA 0.147 0.060 0.080 0.075 0105 ASIAPLY 0.080 0.005 408 0.075 266.67 6.25 35.6
0.165 0.075 0.145 0.145 0159 AMEDIA 0.145 UNCH 30 0.145 — — 34.7 0.110 0.045 0.055 0.050 0072 AT 0.055 0.005 62.6 0.050 — — 25.5
0.700 0.610 — — 7031 AMTEL 0.660 — — — — — 35.8 0.250 0.140 0.205 0.200 0187 BCMALL 0.200 -0.005 515.8 0.205 12.20 — 84.3
2.480 1.026 1.520 1.490 6399 ASTRO 1.500 UNCH 2206.5 1.504 14.87 7.67 7,821.5 0.320 0.185 0.200 0.195 0163 CAREPLS 0.200 0.005 324 0.198 — — 106.3
5.653 3.200 4.070 4.000 6888 AXIATA 4.060 0.050 6685.3 4.047 — 2.09 36,830.0 0.210 0.120 0.130 0.125 0102 CONNECT 0.130 0.005 5 0.126 — — 42.8
0.375 0.120 0.230 0.175 6025 BJMEDIA 0.230 0.010 1.7 0.178 — — 54.1 0.346 0.170 0.210 0.210 0190 ESAFE 0.210 0.005 10 0.210 41.18 8.57 50.5
4.785 3.844 4.510 4.450 6947 DIGI 4.500 UNCH 2317.1 4.489 22.97 4.31 34,987.5 0.270 0.105 0.180 0.165 0100 ESCERAM 0.180 0.015 200.8 0.169 1800.0 3.33 37.0
0.405 0.180 0.285 0.280 0059 ECOHLDS 0.280 -0.005 94.6 0.283 — — 45.6 0.628 0.336 0.455 0.440 0039 GFM 0.445 -0.010 237 0.444 20.14 2.07 209.6
0.590 0.280 0.310 0.310 0082 GPACKET 0.310 UNCH 101 0.310 — — 279.4 0.270 0.115 0.145 0.115 0175 HHGROUP 0.145 Unch 411.4 0.141 — — 49.2
5.929 5.102 5.730 5.680 6012 MAXIS 5.710 UNCH 1911.3 5.712 21.51 3.50 44,633.1 0.125 0.080 0.090 0.090 0160 HHHCORP 0.090 Unch 674 0.090 16.98 — 30.0
0.715 0.250 0.385 0.380 4502 MEDIA 0.380 0.005 151.8 0.382 — — 421.5 0.300 0.135 0.135 0.135 0188 HLT 0.135 -0.005 30 0.135 — — 69.1
0.465 0.181 0.210 0.210 5090 MEDIAC 0.210 UNCH 107.1 0.210 0.92 7.19 354.3 0.105 0.035 0.070 0.065 0024 JAG 0.070 Unch 6602.5 0.070 38.89 2.71 106.1
0.889 0.400 0.525 0.495 0172 OCK 0.510 -0.005 6922 0.507 18.41 1.96 444.5 0.304 0.185 0.215 0.205 0193 KAB 0.215 0.005 197.6 0.210 7.85 4.65 68.8
0.528 0.330 0.370 0.370 7190 PPG 0.370 0.005 1 0.370 75.51 5.41 37.0 0.220 0.105 0.105 0.105 0167 MCLEAN 0.105 -0.005 32 0.105 — — 18.8
0.635 0.200 0.220 0.215 5252 SASBADI 0.215 -0.005 1173.6 0.217 43.88 3.12 90.1 0.260 0.135 0.205 0.205 0081 MEGASUN 0.205 Unch 150 0.205 23.30 — 45.3
0.860 0.530 — — 9431 SJC 0.680 — — — 58.12 — 27.6 0.165 0.050 — — 0177 PASUKGB 0.075 — — — — — 60.9
1.380 0.620 0.705 0.695 6084 STAR 0.700 UNCH 448.1 0.700 — 17.14 517.0 0.340 0.130 — — 0038 PTB 0.140 — — — — — 26.1
8.952 7.060 8.390 8.200 5031 TIMECOM 8.260 -0.010 57.9 8.258 18.07 0.64 4,821.4 0.380 0.165 0.235 0.220 0196 QES 0.230 0.010 10360.1 0.226 11.79 — 174.4
6.078 2.110 2.780 2.700 4863 TM 2.780 0.020 1556.9 2.754 29.05 7.73 10,447.1 0.180 0.055 0.060 0.060 0133 SANICHI 0.060 -0.005 5404 0.060 — — 66.5
0.580 0.085 — — 5754 UTUSAN 0.130 — — — — — 14.4 0.235 0.090 — — 0161 SCH 0.115 — — — — — 63.9
TECHNOLOGY 0.745 0.280 0.650 0.625 0001 SCOMNET 0.625 -0.020 595.4 0.639 31.73 — 401.9
0.700 0.610 — — 7031 AMTEL 0.660 — — — — — 35.8 0.193 0.115 — — 0028 SCOPE 0.150 — — — — 3.33 84.1
0.275 0.120 0.145 0.140 5195 CENSOF 0.145 0.005 857.9 0.141 — — 72.8 0.185 0.080 0.110 0.105 0055 SERSOL 0.110 Unch 0.7 0.106 — — 23.7
0.665 0.130 0.240 0.220 0051 CUSCAPI 0.225 -0.005 3949.1 0.230 — — 193.3 0.559 0.254 0.325 0.315 0084 TECFAST 0.315 -0.005 181.4 0.319 18.21 3.17 71.9
0.993 0.542 0.745 0.700 7204 D&O 0.720 -0.025 7636 0.719 24.16 1.15 794.3 0.813 0.520 0.595 0.560 0089 TEXCYCL 0.580 0.010 21 0.573 14.54 1.72 148.6
0.350 0.175 0.245 0.235 8338 DATAPRP 0.235 UNCH 1804.6 0.240 — — 99.0 0.435 0.220 0.295 0.260 0162 WIDAD 0.290 0.030 4744.3 0.280 — — 711.8
0.130 0.040 0.050 0.050 0029 DIGISTA 0.050 UNCH 10 0.050 — — 32.9 0.195 0.125 0.155 0.145 0025 YBS 0.145 -0.005 190.1 0.147 18.13 — 35.1
0.530 0.195 0.280 0.270 4456 DNEX 0.280 0.010 10274.4 0.276 9.86 1.79 492.2 TECHNOLOGY
1.164 0.285 0.525 0.495 5216 DSONIC 0.510 0.010 13527.8 0.512 14.33 6.86 688.5 0.517 0.190 0.245 0.235 0181 AEMULUS 0.240 Unch 841.5 0.238 25.00 0.83 131.7
0.840 0.335 0.525 0.475 5036 EDARAN 0.515 0.035 3659.2 0.508 4.18 — 30.9 0.385 0.090 0.110 0.105 0119 APPASIA 0.105 -0.005 19.4 0.105 87.50 — 36.3
1.567 0.324 0.565 0.540 0065 EFORCE 0.550 0.010 3257.9 0.549 33.33 2.73 228.0 0.535 0.130 0.235 0.225 0068 ASDION 0.235 0.005 3626.2 0.231 — — 27.3
1.476 0.895 1.170 1.120 0090 ELSOFT 1.120 -0.010 400.3 1.142 17.55 2.97 745.7 0.558 0.351 0.385 0.375 0195 BINACOM 0.375 Unch 273.7 0.377 9.26 2.67 97.5
0.983 0.341 0.730 0.710 0128 FRONTKN 0.720 0.005 5138.6 0.721 17.39 0.97 758.5 0.484 0.200 0.220 0.215 0191 CABNET 0.215 -0.005 225 0.219 9.60 4.42 38.4
0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.185 0.098 0.145 0.135 0152 DGB 0.135 Unch 9874.3 0.140 — — 102.1
1.860 1.030 1.640 1.610 0021 GHLSYS 1.640 UNCH 69.6 1.640 51.25 — 1,210.3 0.260 0.080 0.090 0.085 0131 DGSB 0.090 0.005 300.1 0.085 — — 67.1
0.590 0.280 0.310 0.310 0082 GPACKET 0.310 UNCH 101 0.310 — — 279.4 0.044 0.010 0.020 0.015 0154 EAH 0.015 -0.005 119.3 0.015 — — 76.1
0.243 0.180 0.200 0.195 0056 GRANFLO 0.200 0.005 118.2 0.195 10.31 3.00 96.6 0.180 0.020 0.030 0.025 0107 EDUSPEC 0.030 Unch 1295 0.026 — — 30.1
2.859 1.390 1.850 1.730 7022 GTRONIC 1.760 0.020 3128.9 1.792 16.03 1.14 1,177.5 2.040 1.110 1.810 1.750 0104 GENETEC 1.800 0.040 75.5 1.789 8.84 1.39 75.1
0.860 0.340 0.860 0.590 5028 HTPADU 0.860 0.300 6309.7 0.791 — — 87.1 0.100 0.045 0.060 0.055 0045 GNB 0.055 -0.005 420.4 0.055 — — 15.9
2.506 1.220 1.410 1.370 0166 INARI 1.390 0.040 19089.2 1.391 16.18 4.65 4,401.7 0.130 0.020 0.025 0.025 0174 IDMENSN 0.025 Unch 81.2 0.025 — — 6.8
0.420 0.250 0.295 0.285 0192 INTA 0.290 0.005 627 0.291 1.82 — 155.2 0.388 0.185 0.240 0.225 0023 IFCAMSC 0.230 -0.010 2240.1 0.232 20.72 2.17 139.9
0.220 0.070 0.115 0.105 9393 ITRONIC 0.110 UNCH 294.8 0.111 — — 11.3 0.120 0.055 0.105 0.090 0094 INIX 0.105 0.010 14026.3 0.103 — — 27.2
0.444 0.155 0.205 0.190 5161 JCY 0.195 UNCH 831.6 0.197 — 15.38 405.0 0.240 0.115 0.160 0.145 0010 IRIS 0.150 0.005 50421.1 0.152 — — 444.9
20.573 7.360 9.200 9.120 9334 KESM 9.150 0.030 40.4 9.152 12.87 2.02 393.6 1.180 0.590 0.760 0.660 0146 JFTECH 0.760 0.060 61.6 0.698 107.04 1.58 159.6
0.250 0.095 0.125 0.120 0143 KEYASIC 0.120 UNCH 2283.3 0.121 22.22 — 114.1 1.686 0.696 0.925 0.900 0127 JHM 0.910 Unch 1415.5 0.911 15.35 1.86 507.4
3.341 1.358 2.300 2.210 5286 MI 2.290 0.090 639.5 2.269 17.48 — 1,145.0 0.292 0.108 0.250 0.230 0111 K1 0.245 0.015 10265.5 0.242 245.00 — 178.6
1.434 0.660 0.825 0.810 0113 MMSV 0.810 0.005 407.7 0.816 14.62 1.98 165.0 0.150 0.040 0.050 0.050 0036 KGROUP 0.050 Unch 380 0.050 — — 26.0
13.087 7.363 10.360 10.120 3867 MPI 10.140 UNCH 54.6 10.19 12.97 2.86 2,128.2 0.895 0.430 0.640 0.625 0176 KRONO 0.625 Unch 1363.6 0.630 13.80 — 249.3
1.385 0.950 1.210 1.150 5011 MSNIAGA 1.160 0.010 54.3 1.182 5.68 4.31 70.1 0.270 0.115 0.120 0.115 0018 LAMBO 0.115 -0.005 12 0.117 11.98 — 240.6
3.030 0.655 1.080 1.000 0138 MYEG 1.010 -0.060 65500.1 1.030 48.10 1.68 3,642.4 0.155 0.045 0.055 0.050 0017 M3TECH 0.055 0.005 4674.8 0.055 — — 32.3
0.778 0.507 0.660 0.635 0083 NOTION 0.660 0.030 4550.3 0.648 4.92 1.52 219.9 0.660 0.310 0.370 0.360 0075 MEXTER 0.370 0.015 127.3 0.361 — — 120.2
0.550 0.335 0.395 0.385 9008 OMESTI 0.395 0.010 74.1 0.392 — — 188.4 0.370 0.205 0.260 0.255 0155 MGRC 0.260 0.020 17.6 0.257 — — 26.9
0.315 0.190 0.230 0.200 0041 PANPAGE 0.225 0.030 4825.2 0.219 — — 59.7 0.750 0.335 0.540 0.520 0126 MICROLN 0.540 -0.005 20.3 0.526 — — 90.4
3.870 1.700 2.980 2.800 7160 PENTA 2.830 -0.030 1176 2.894 18.41 — 895.9 0.455 0.190 0.240 0.220 0112 MIKROMB 0.240 0.020 36 0.226 22.86 4.17 103.4
1.870 0.255 0.345 0.320 5204 PRESBHD 0.340 0.015 13723.3 0.333 33.66 5.00 164.6 0.090 0.035 0.050 0.045 0085 MLAB 0.045 -0.005 2260.2 0.045 — — 30.2
0.500 0.240 0.380 0.305 9075 THETA 0.350 0.055 3554.8 0.347 — — 37.5 0.310 0.160 0.230 0.225 0034 MMAG 0.225 Unch 75.7 0.225 — — 142.8
0.050 0.010 0.020 0.015 0118 TRIVE 0.015 -0.005 373.5 0.016 — — 32.0 0.100 0.040 0.055 0.055 0103 MNC 0.055 Unch 5 0.055 — — 26.3
0.200 0.105 0.140 0.115 4359 TURIYA 0.140 0.025 151.5 0.133 — — 32.0 0.240 0.100 0.120 0.115 0156 MPAY 0.120 0.005 1672 0.117 — — 85.3
3.300 1.574 2.970 2.920 5005 UNISEM 2.970 0.020 51.9 2.954 20.81 2.86 2,179.5 0.075 0.025 0.030 0.025 0070 MQTECH 0.030 Unch 49.5 0.028 — — 14.9
8.492 5.046 6.690 6.450 0097 VITROX 6.450 -0.030 76.1 6.614 31.36 0.74 3,035.3 0.175 0.070 — — 0092 MTOUCHE 0.080 — — — — — 40.7
1.253 0.907 0.970 0.955 5162 VSTECS 0.970 UNCH 4.1 0.970 6.25 5.15 174.6 1.274 0.623 1.030 1.010 0108 N2N 1.010 -0.030 55.8 1.020 31.86 3.96 603.9
0.648 0.415 0.490 0.480 0008 WILLOW 0.490 0.020 30 0.485 19.52 2.04 243.0 0.050 0.010 0.020 0.015 0020 NETX 0.020 Unch 2625.1 0.019 — — 56.0
UTILITIES 0.070 0.010 0.020 0.015 0096 NEXGRAM 0.020 Unch 59732.9 0.020 — — 41.4
0.444 0.090 0.125 0.120 7471 EDEN 0.120 -0.005 3668.6 0.121 — — 45.8 0.205 0.080 0.130 0.115 0026 NOVAMSC 0.125 0.005 13976.2 0.123 54.35 — 93.9
2.960 2.543 2.810 2.800 5209 GASMSIA 2.800 UNCH 40 2.801 17.42 4.82 3,595.2 1.152 0.320 0.665 0.650 0035 OPCOM 0.655 0.005 885 0.658 12.11 4.96 105.6
2.060 1.051 1.320 1.290 5843 KPS 1.300 -0.030 299.9 1.309 — 3.27 698.6 0.375 0.256 0.300 0.290 0040 OPENSYS 0.295 -0.005 589.8 0.296 9.02 4.24 87.9
1.012 0.745 0.960 0.870 5264 MALAKOF 0.880 -0.060 14930.8 0.917 1.80 6.59 4,400.0 0.160 0.040 0.150 0.140 0079 ORION 0.145 0.005 11714.2 0.145 — — 86.8
3.747 2.990 3.580 3.500 3069 MFCB 3.540 0.020 35.3 3.548 11.18 1.13 1,477.7 0.730 0.240 — — 0006 PINEAPP 0.280 — — — 254.5 — 13.6
1.275 1.020 1.210 1.210 5041 PBA 1.210 -0.010 4 1.210 11.42 3.31 400.8
20.000 15.928 17.900 17.540 6033 PETGAS 17.780 0.060 1725.1 17.75 17.78 3.88 35,181.9 0.155 0.045 0.065 0.065 0123 PRIVA 0.065 0.005 30 0.065 — — 36.3
1.309 0.608 1.220 1.190 5272 RANHILL 1.190 -0.010 28.3 1.196 15.76 6.72 1,057.1 1.504 0.474 1.320 1.270 0200 REVENUE 1.310 0.040 2267 1.298 38.19 — 291.9
0.371 0.220 0.255 0.250 8567 SALCON 0.250 UNCH 1558.8 0.250 — 3.20 211.8 0.757 0.525 0.630 0.630 0106 REXIT 0.630 Unch 24.8 0.630 14.45 4.76 119.3
0.883 0.417 0.855 0.835 8524 TALIWRK 0.845 0.010 235.3 0.845 39.30 5.68 1,703.4 0.650 0.230 0.270 0.255 0202 RGTECH 0.260 Unch 2137.8 0.265 23.01 — 136.6
15.787 12.520 13.680 13.480 5347 TENAGA 13.680 0.080 3951 13.61 13.15 4.85 77,796.6 0.355 0.090 0.115 0.110 0178 SEDANIA 0.115 0.005 676.1 0.111 — 8.70 26.0
1.494 0.882 1.150 1.130 4677 YTL 1.140 -0.010 1117.6 1.140 34.86 3.51 12,438.0 0.560 0.370 0.495 0.465 0203 SMETRIC 0.475 -0.010 1072.7 0.476 19.23 — 115.7
1.255 0.694 0.915 0.900 6742 YTLPOWR 0.900 -0.020 1156.1 0.908 11.64 5.56 7,342.4 0.225 0.095 0.115 0.115 0117 SMRT 0.115 0.005 10 0.115 0.45 — 46.8
CLOSED-END FUNDS 0.260 0.070 0.080 0.075 0169 SMTRACK 0.080 Unch 923.7 0.075 — — 11.7
2.860 2.340 2.440 2.440 5108 ICAP 2.440 -0.060 26 2.440 39.80 — 341.6 0.240 0.080 0.115 0.110 0093 SOLUTN 0.110 -0.005 197 0.111 — — 33.7
EXCHANGE TRADED FUNDS 0.285 0.150 0.260 0.250 0129 SRIDGE 0.250 -0.005 299.9 0.257 17.01 — 34.1
1.190 1.146 — — 0800EA ABFMY1 1.154 — — — — 4.03 1,428.6 0.350 0.180 0.235 0.225 0050 SYSTECH 0.230 0.005 201.8 0.227 41.82 — 80.0
2.100 1.735 — — 0822EA CIMBA40 1.860 — — — — 3.66 5.0 0.145 0.090 0.115 0.115 0132 TDEX 0.115 Unch 371.4 0.115 — — 67.9
1.845 1.450 1.515 1.510 0823EA CIMBC50 1.515 0.015 1.7 1.510 — — 10.8 0.210 0.085 0.095 0.090 0145 TFP 0.095 0.005 485.5 0.092 — — 19.5
1.960 1.750 — — 0820EA FBMKLCI-EA 1.775 — — — — 1.86 3.0 0.580 0.200 0.295 0.280 0005 UCREST 0.285 -0.005 4927.7 0.287 5.49 — 132.2
1.770 1.600 1.735 1.735 0828EA GOLDETF 1.735 -0.015 7.5 1.735 — — 43.5 0.110 0.065 0.085 0.080 0060 VC 0.080 Unch 1718.5 0.080 72.73 — 48.8
1.100 0.940 — — 0826EA METFAPA 1.025 — — — — — 18.5 0.795 0.290 0.485 0.470 0120 VIS 0.475 -0.005 1311.9 0.477 9.79 — 80.3
0.922 0.795 — — 0825EA METFSID 0.809 — — — — 1.87 71.2 0.112 0.015 0.025 0.020 0069 VIVOCOM 0.020 -0.005 2045.3 0.022 — — 113.3
1.100 0.900 — — 0827EA METFUS50 0.950 — — — — — 12.4 0.145 0.085 0.140 0.120 0066 VSOLAR 0.135 0.010 4811 0.134 — — 52.1
1.250 1.060 1.100 1.060 0821EA MYETFDJ 1.100 UNCH 80.1 1.100 — 2.17 303.5 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
1.210 1.085 1.160 1.160 0824EA MYETFID 1.160 0.015 1.5 1.160 — 2.42 53.8 0.190 0.100 0.120 0.110 0086 YGL 0.115 -0.005 275.4 0.114 — — 26.7
REAL ESTATE INVESTMENT TRUSTS TELECOMMUNICATIONS & MEDIA
0.830 0.675 — — 4952 AHP 0.725 — — — 8.56 7.10 159.5 0.558 0.351 0.385 0.375 0195 BINACOM 0.375 Unch 273.7 0.377 9.26 2.67 97.5
1.350 1.030 1.340 1.300 5116 ALAQAR 1.340 -0.010 21 1.329 11.44 3.84 986.2 0.880 0.530 — — 0147 INNITY 0.650 — — — 39.88 — 90.2
0.921 0.765 0.810 0.800 5269 ALSREIT 0.800 UNCH 10.1 0.801 12.31 5.73 464.0 0.155 0.045 0.055 0.050 0017 M3TECH 0.055 0.005 4674.8 0.055 — — 32.3
0.630 0.515 0.535 0.525 5120 AMFIRST 0.535 0.005 97.3 0.528 31.47 7.38 367.2 0.100 0.040 0.055 0.055 0103 MNC 0.055 Unch 5 0.055 — — 26.3
0.863 0.778 0.820 0.820 5127 ARREIT 0.820 -0.005 11 0.820 3.22 7.30 470.0 0.175 0.070 — — 0092 MTOUCHE 0.080 — — — — — 40.7
1.150 1.005 1.140 1.140 5130 ATRIUM 1.140 UNCH 1 1.140 7.41 6.89 138.9 0.070 0.010 0.020 0.015 0096 NEXGRAM 0.020 Unch 59732.9 0.020 — — 41.4
1.670 1.135 1.670 1.630 5106 AXREIT 1.660 0.030 2392.9 1.635 16.82 4.50 2,053.9 1.152 0.320 0.665 0.650 0035 OPCOM 0.655 0.005 885 0.658 12.11 4.96 105.6
1.311 0.940 1.060 1.050 5180 CMMT 1.050 0.010 155.5 1.057 13.82 7.71 2,146.4 0.155 0.045 0.065 0.065 0123 PRIVA 0.065 0.005 30 0.065 — — 36.3
1.218 1.090 1.150 1.130 5121 HEKTAR 1.130 -0.020 253.3 1.131 12.34 8.85 522.0 0.320 0.095 0.110 0.105 0007 PUC 0.105 Unch 9268.1 0.105 — — 212.2
1.750 1.382 1.750 1.740 5227 IGBREIT 1.750 UNCH 2652.2 1.745 17.86 5.35 6,185.9 0.380 0.150 0.210 0.200 0032 REDTONE 0.200 Unch 157.3 0.206 17.54 — 151.6
0.864 0.640 0.805 0.800 5280 KIPREIT 0.800 -0.005 164.6 0.801 11.11 8.19 404.2 0.445 0.160 0.220 0.215 0173 REV 0.215 -0.010 15 0.218 — — 28.9
7.960 6.538 7.850 7.830 5235SS KLCC 7.850 UNCH 769 7.850 15.98 4.45 14,171.9 0.355 0.090 0.115 0.110 0178 SEDANIA 0.115 0.005 676.1 0.111 — 8.70 26.0
1.160 0.953 1.120 1.110 5123 MQREIT 1.110 -0.010 489.8 1.117 17.37 7.13 1,189.7 0.285 0.150 0.260 0.250 0129 SRIDGE 0.250 -0.005 299.9 0.257 17.01 — 34.1
1.725 1.280 1.660 1.650 5212 PAVREIT 1.650 -0.010 3207.8 1.658 18.46 5.22 5,010.6 0.130 0.050 0.055 0.055 0165 XOX 0.055 Unch 750 0.055 — — 60.1
1.790 1.403 1.740 1.720 5176 SUNREIT 1.730 0.010 3827.5 1.731 12.11 5.42 5,095.0 FINANCIAL SERVICES
1.134 0.876 0.910 0.900 5111 TWRREIT 0.910 UNCH 90.9 0.900 16.76 4.51 255.3 0.170 0.045 0.065 0.060 0150 FINTEC 0.065 Unch 697.5 0.061 — — 39.5
1.516 1.285 1.400 1.340 5110 UOAREIT 1.340 -0.030 62.7 1.355 9.94 6.19 566.6 0.630 0.455 0.485 0.485 0053 OSKVI 0.485 -0.015 3.6 0.485 — 10.31 95.8
1.249 1.017 1.230 1.220 5109 YTLREIT 1.230 UNCH 105 1.222 8.80 6.20 2,096.4 HEALTH CARE
SPAC 0.320 0.185 0.200 0.195 0163 CAREPLS 0.200 0.005 324 0.198 — — 106.3
0.72 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3 0.210 0.105 0.120 0.120 0182 LKL 0.120 0.005 5 0.120 — 2.92 51.5
0.510 0.460 — — 5270 RSENA 0.505 — — — — — 505.0 0.370 0.205 0.260 0.255 0155 MGRC 0.260 0.020 17.6 0.257 — — 26.9
ENERGY 0.780 0.280 0.455 0.420 0201 NOVA 0.440 0.020 565.2 0.440 16.54 4.09 139.8
0.195 0.060 0.100 0.085 5115 ALAM 0.090 0.005 6524.8 0.093 — — 83.2 TRANSPORTATION & LOGISTICS
0.950 0.145 0.235 0.165 5210 ARMADA 0.220 0.060 584993 0.199 — — 1,291.6 0.135 0.060 — — 0048 ANCOMLB 0.090 — — — — — 42.6
0.345 0.040 0.090 0.060 7251 BARAKAH 0.080 0.020 62619.8 0.077 — — 66.9 0.300 0.210 0.220 0.215 0080 STRAITS 0.215 -0.005 49.1 0.218 23.63 — 120.4
0.650 0.205 0.605 0.540 5257 CARIMIN 0.600 0.060 8156.3 0.583 — — 140.3 0.559 0.295 0.375 0.360 0199 TRIMODE 0.375 0.005 19.1 0.361 12.02 2.67 62.3
1.360 0.735 0.845 0.830 5071 COASTAL 0.840 0.005 52.6 0.836 — 2.38 446.5 CONSTRUCTION
0.105 0.005 0.015 0.010 0091 DAYA 0.010 UNCH 6575.9 0.010 — — 20.4 0.438 0.220 0.270 0.265 0198 GDB 0.265 Unch 620.4 0.265 5.05 3.77 165.6
0.920 0.500 0.615 0.595 5141 DAYANG 0.600 0.005 3833.6 0.602 51.28 — 578.9 0.400 0.255 0.270 0.255 0206 NADIBHD 0.255 -0.005 7455.6 0.259 3.14 — 192.0
1.340 0.875 1.080 1.070 5132 DELEUM 1.080 0.010 256.6 1.075 13.04 4.17 433.2 0.040 0.010 — — 0109 SCBUILD 0.015 — — — 10.71 — 13.2
3.637 2.440 3.120 3.030 7277 DIALOG 3.120 0.080 7100.2 3.096 37.91 1.03 17,601.9 PLANTATION
0.535 0.215 0.345 0.345 7253 HANDAL 0.345 UNCH 3 0.345 — — 55.2 0.115 0.065 0.075 0.070 0189 MATANG 0.075 0.005 604.7 0.073 41.67 2.67 135.8
15.646 4.510 4.950 4.880 4324 HENGYUAN 4.900 0.040 156.9 4.908 6.25 0.41 1,470.0 UTILITIES
1.360 0.705 0.995 0.970 5199 HIBISCS 0.975 0.005 25774.3 0.983 5.27 — 1,548.5 0.345 0.199 0.230 0.230 0011 BTECH 0.230 Unch 15 0.230 13.94 6.96 58.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets T UESDAY JAN UARY 22 , 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

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(‘000)
EXE
PRICE PRICE
PR’M
(%)
EXPIRY
DATE
Main Market & Ace Market Warrants 0.115 0.005 0.010 0.005 06506G FBMKLCI-H6G 0.005 -0.010 1034 333.95 1,680 404.11 31/01/2019
0.225 0.070 0.140 0.135 06506H FBMKLCI-H6H 0.135 -0.010 525 1,692 1,780 10.77 28/02/2019
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.495 0.305 0.320 0.310 06506J FBMKLCI-H6J 0.310 -0.020 341.5 1,692 1,760 9.51 28/02/2019
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.185 0.105 0.140 0.140 06506L FBMKLCI-H6L 0.140 Unch 795 1,692 1,788 13.94 31/05/2019
0.280 0.170 0.205 0.200 06506M FBMKLCI-H6M 0.205 -0.010 258.5 1,692 1,800 14.85 30/04/2019
0.395 0.015 0.050 0.050 70322 A50CHIN-C22 0.050 0.010 838 6.399 7.346 15.97 29/03/2019 0.555 0.420 0.420 0.420 06506O FBMKLCI-H6O 0.420 -0.015 10 1,692 1,740 10.27 30/04/2019
0.605 0.135 0.285 0.260 70324 A50CHIN-C24 0.280 0.040 14136.7 6.399 6.296 4.96 29/03/2019 0.190 0.090 0.105 0.100 06506P FBMKLCI-H6P 0.105 -0.005 286 1,692 1,680 3.62 31/05/2019
0.325 0.185 0.260 0.260 70326 A50CHIN-C26 0.260 0.015 20 6.399 6.191 8.94 25/06/2019 0.185 0.115 0.125 0.120 06506Q FBMKLCI-H6Q 0.120 -0.010 1010 1,692 1,700 5.43 28/06/2019
0.205 0.075 — — 70330 A50CHIN-C30 0.115 — — 6.399 7.608 21.59 28/06/2019 0.435 0.325 0.325 0.325 06506R FBMKLCI-H6R 0.325 -0.025 5 1,692 1,610 0.90 31/05/2019
0.435 0.190 0.340 0.305 70332 A50CHIN-C32 0.335 0.040 8357 6.399 6.559 10.35 28/06/2019 0.555 0.415 0.415 0.415 06506S FBMKLCI-H6S 0.415 -0.020 100 1,692 1,690 7.23 31/05/2019
0.300 0.100 0.110 0.100 70323 A50CHIN-H23 0.100 -0.020 260 6.399 5.772 -7.46 29/03/2019 0.110 0.005 — — 522252 FGV-C52 0.005 — — 0.745 1.900 156.04 28/02/2019
0.505 0.310 0.325 0.310 70327 A50CHIN-H27 0.310 -0.040 368.7 6.399 6.296 5.66 28/06/2019 0.125 0.045 — — 522254 FGV-C54 0.045 — — 0.955 1.650 86.91 28/02/2019
0.040 0.005 — — 523821 AAX-C21 0.005 — — 0.290 0.430 50.34 29/03/2019 0.080 0.005 0.005 0.005 522258 FGV-C58 0.005 Unch 1841 0.955 1.700 79.06 28/06/2019
0.220 0.045 0.070 0.065 5238WA AAX-WA 0.065 -0.005 272.9 0.290 0.460 81.03 08/06/2020 0.005 0.005 0.005 0.005 522260 FGV-C60 0.005 Unch 1100 0.955 1.500 58.12 15/04/2019
0.110 0.030 — — 2488CX ABMB-CX 0.030 — — 4.230 4.280 5.44 27/02/2019 0.065 0.030 0.065 0.065 522262 FGV-C62 0.065 0.005 0.1 0.955 1.200 46.07 23/10/2019
0.070 0.010 0.010 0.010 7146WA AEM-WA 0.010 -0.005 24.3 0.130 0.250 100.00 17/12/2019 0.125 0.040 0.120 0.110 522263 FGV-C63 0.110 Unch 13244.2 0.955 0.950 20.21 28/06/2019
0.200 0.010 — — 6599CM AEON-CM 0.010 — — 1.490 2.600 76.51 31/01/2019 0.175 0.120 0.170 0.155 522264 FGV-C64 0.160 0.005 4750.9 0.955 0.780 15.18 30/08/2019
0.110 0.015 — — 6599CN AEON-CN 0.015 — — 1.490 2.500 71.81 28/02/2019 0.120 0.120 0.120 0.120 522265 FGV-C65 0.120 Unch 12.7 0.955 0.950 22.09 02/08/2019
0.175 0.035 0.050 0.050 6599CO AEON-CO 0.050 Unch 98.1 1.490 1.650 17.45 31/07/2019 0.215 0.195 0.215 0.200 522266 FGV-C66 0.200 0.005 1915.9 0.955 0.800 15.18 31/07/2019
0.130 0.050 — — 6599CP AEON-CP 0.050 — — 1.490 1.700 24.16 30/05/2019 0.060 0.010 0.010 0.010 0150WA FINTEC-WA 0.010 -0.005 16.6 0.065 0.300 376.92 19/04/2024
0.150 0.010 0.040 0.040 509965 AIRASIAC65 0.040 -0.005 600 3.040 3.126 6.27 28/02/2019 0.090 0.015 0.025 0.025 9318WB FITTERS-WB 0.025 Unch 519 0.400 1.000 156.25 12/10/2019
0.270 0.035 0.220 0.210 509967 AIRASIAC67 0.210 -0.010 292 3.040 2.605 3.70 30/04/2019 0.485 0.075 0.145 0.135 9261WB GADANG-WB 0.140 Unch 722.5 0.615 1.060 95.12 29/11/2021
0.175 0.020 0.065 0.060 509968 AIRASIAC68 0.060 -0.010 1050 3.040 3.387 17.24 29/03/2019 0.075 0.005 0.005 0.005 539853 GAMUDA-C53 0.005 Unch 100 1.365 4.500 231.14 31/05/2019
0.130 0.025 0.115 0.110 509969 AIRASIAC69 0.110 -0.010 606 3.040 2.953 7.49 29/03/2019 0.115 0.005 0.005 0.005 539854 GAMUDA-C54 0.005 Unch 20046.9 1.430 3.800 167.48 01/03/2019
0.080 0.020 0.075 0.075 509970 AIRASIAC70 0.075 -0.005 30 3.040 3.083 9.98 04/04/2019 0.105 0.050 0.090 0.090 539858 GAMUDA-C58 0.090 -0.010 5 2.800 2.800 19.29 30/04/2019
0.170 0.030 0.160 0.150 509971 AIRASIAC71 0.150 -0.015 248.5 3.040 2.822 5.70 31/07/2019 0.175 0.070 0.165 0.155 539859 GAMUDA-C59 0.155 -0.005 233.4 2.800 2.350 6.07 30/08/2019
0.270 0.085 0.255 0.250 509972 AIRASIAC72 0.250 -0.010 140 3.040 2.518 7.84 28/06/2019 0.130 0.065 0.120 0.120 539860 GAMUDA-C60 0.120 -0.005 0.4 2.800 2.880 24.29 17/06/2019
0.310 0.130 0.295 0.285 509973 AIRASIAC73 0.290 -0.005 83.8 3.040 2.432 4.84 20/05/2019 0.115 0.055 0.110 0.105 539862 GAMUDA-C62 0.110 0.005 60 2.800 2.500 12.86 13/06/2019
0.415 0.180 — — 509974 AIRASIAC74 0.405 — — 3.040 2.171 6.13 28/06/2019 1.300 0.125 0.275 0.250 5398WE GAMUDA-WE 0.265 -0.005 1370.3 2.800 4.050 54.11 06/03/2021
0.205 0.135 0.200 0.195 509975 AIRASIAC75 0.195 -0.005 190 3.040 2.692 10.84 13/06/2019 0.410 0.135 0.310 0.285 5226WB GBGAQRS-WB 0.295 -0.010 4397.3 1.090 1.120 29.82 26/09/2023
0.135 0.010 — — 5014C1 AIRPORT-C1 0.010 — — 8.100 9.000 12.35 31/01/2019 0.185 0.175 0.185 0.180 5102CA GCB-CA 0.180 Unch 65 2.940 2.800 19.73 30/08/2019
0.130 0.025 — — 5014C2 AIRPORT-C2 0.025 — — 8.100 10.200 29.01 26/03/2019 0.425 0.035 0.060 0.055 0078WB GDEX-WB 0.055 -0.005 158.2 0.315 0.383 38.89 05/02/2020
0.180 0.040 0.040 0.040 5014C3 AIRPORT-C3 0.040 Unch 100 8.100 9.200 17.04 15/03/2019 0.085 0.010 0.010 0.010 471541 GENM-C41 0.010 Unch 200 3.300 5.050 54.55 31/07/2019
0.105 0.055 — — 5014C4 AIRPORT-C4 0.070 — — 8.100 8.350 10.86 30/09/2019 0.125 0.030 0.055 0.050 471542 GENM-C42 0.050 -0.005 260 3.300 4.600 46.21 28/06/2019
0.145 0.100 0.105 0.105 5014C5 AIRPORT-C5 0.105 0.005 80 8.100 9.300 23.24 28/06/2019 0.085 0.040 0.065 0.060 471543 GENM-C43 0.060 -0.005 385.8 3.300 3.900 27.27 25/06/2019
0.205 0.155 — — 5014C6 AIRPORT-C6 0.160 — — 8.100 8.300 20.25 23/10/2019 0.085 0.050 0.080 0.080 471544 GENM-C44 0.080 -0.005 100.8 3.300 4.000 33.33 28/06/2019
0.165 0.120 0.135 0.135 5014C7 AIRPORT-C7 0.135 0.005 8 8.100 8.180 14.32 28/06/2019 0.165 0.105 0.160 0.160 471545 GENM-C45 0.160 -0.005 5 3.300 2.900 12.12 13/06/2019
0.190 0.005 — — 5014CZ AIRPORT-CZ 0.005 — — 2.767 9.000 226.44 31/01/2019 0.150 0.100 0.150 0.140 471546 GENM-C46 0.140 -0.005 3400 3.300 3.400 24.24 31/07/2019
0.050 0.015 — — 9342WB ANZO-WB 0.020 — — 0.045 0.250 500.00 25/08/2023 0.155 0.100 0.150 0.145 471547 GENM-C47 0.145 -0.010 90 3.300 3.200 16.74 25/06/2019
0.045 0.005 0.005 0.005 9342WC ANZO-WC 0.005 Unch 100 0.045 0.200 355.56 18/06/2020 0.135 0.125 0.135 0.125 471548 GENM-C48 0.125 Unch 691 3.300 3.180 17.20 02/08/2019
0.285 0.030 0.040 0.040 0119WA APPASIA-WA 0.040 Unch 150 0.105 0.130 61.90 23/12/2024 0.215 0.195 0.215 0.195 471549 GENM-C49 0.195 -0.010 2190 3.300 3.100 17.58 31/07/2019
0.090 0.090 — — 7007WB ARK-WB 0.090 — — 0.445 1.000 144.94 30/06/2021 2.660 1.490 2.230 2.150 2291WA GENP-WA 2.230 0.060 21.6 9.980 7.750 0.00 17/06/2019
0.145 0.005 0.005 0.005 521039 ARMADA-C39 0.005 Unch 108 0.220 0.880 302.27 31/01/2019 0.175 0.010 0.125 0.120 318257 GENTINGC57 0.120 0.005 480 6.790 7.700 22.24 28/06/2019
0.130 0.005 — — 521040 ARMADA-C40 0.005 — — 0.220 0.770 252.27 29/03/2019 0.105 0.025 0.065 0.055 318258 GENTINGC58 0.055 Unch 600 6.790 7.250 12.44 30/09/2019
0.030 0.005 — — 521044 ARMADA-C44 0.005 — — 0.220 0.730 236.36 01/03/2019 0.150 0.085 0.150 0.140 318260 GENTINGC60 0.140 Unch 1.2 6.790 7.180 17.08 28/06/2019
0.065 0.005 0.005 0.005 521045 ARMADA-C45 0.005 Unch 300 0.220 0.600 176.14 15/04/2019 0.125 0.065 0.125 0.125 318261 GENTINGC61 0.125 Unch 258 6.790 6.600 10.09 13/06/2019
0.110 0.005 — — 521046 ARMADA-C46 0.005 — — 0.220 0.650 197.73 28/06/2019 0.175 0.090 0.175 0.165 318262 GENTINGC62 0.165 -0.005 2210.8 6.790 7.000 14.76 28/06/2019
0.025 0.005 — — 521047 ARMADA-C47 0.005 — — 0.220 0.700 221.14 30/04/2019 0.170 0.050 0.095 0.085 5220WA GLOTEC-WA 0.090 Unch 79.3 0.530 0.720 52.83 19/12/2021
0.030 0.005 0.010 0.005 521048 ARMADA-C48 0.010 0.005 480.1 0.220 0.555 161.36 30/05/2019 0.050 0.005 0.010 0.005 0074WA GOCEAN-WA 0.010 0.005 211.3 0.095 0.340 268.42 07/08/2019
0.045 0.010 0.020 0.015 521049 ARMADA-C49 0.020 0.010 700 0.220 0.500 145.45 17/06/2019 0.100 0.055 0.100 0.090 7022CV GTRONIC-CV 0.090 0.015 604 1.760 2.000 34.09 23/10/2019
0.150 0.005 0.030 0.020 521050 ARMADA-C50 0.025 -0.125 1135.2 0.220 0.400 102.27 28/06/2019 0.075 0.030 0.065 0.065 7022CW GTRONIC-CW 0.065 0.010 15 1.760 2.200 37.93 28/06/2019
0.170 0.010 0.015 0.015 0068WB ASDION-WB 0.015 -0.005 18.7 0.235 0.500 119.15 24/03/2019 0.240 0.005 0.005 0.005 516811 HARTA-C11 0.005 Unch 11 1.540 7.000 355.84 29/03/2019
0.090 0.035 0.035 0.035 4057WB ASIAPAC-WB 0.035 -0.015 271.9 0.115 0.250 147.83 25/05/2022 0.120 0.015 0.020 0.020 516817 HARTA-C17 0.020 0.005 20 5.300 7.500 44.15 24/04/2019
0.075 0.015 0.025 0.025 0105WA ASIAPLY-WA 0.025 0.005 43 0.080 0.100 56.25 13/12/2020 0.100 0.015 0.020 0.020 516818 HARTA-C18 0.020 Unch 50 5.300 7.000 34.72 31/07/2019
0.070 0.020 — — 0105WB ASIAPLY-WB 0.030 — — 0.080 0.100 62.50 12/12/2022 0.090 0.080 0.090 0.090 516819 HARTA-C19 0.090 0.010 50 5.300 6.500 34.53 30/08/2019
0.145 0.080 0.135 0.135 639910 ASTRO-C10 0.135 0.005 600 1.500 1.500 22.50 25/06/2019 0.900 0.350 0.395 0.385 5095WB HEVEA-WB 0.395 0.010 5 0.620 0.250 4.03 28/02/2020
0.125 0.070 — — 639911 ASTRO-C11 0.115 — — 1.500 1.600 29.67 17/06/2019 0.305 0.060 0.100 0.100 5072WB HIAPTEK-WB 0.100 Unch 100 0.280 0.500 114.29 23/06/2021
0.105 0.050 0.100 0.100 639912 ASTRO-C12 0.100 0.005 139 1.500 1.500 20.00 31/05/2019 0.195 0.020 0.040 0.040 5199CJ HIBISCS-CJ 0.040 Unch 26 0.975 1.000 12.82 27/02/2019
0.140 0.035 — — 6399C8 ASTRO-C8 0.035 — — 1.500 2.200 53.67 31/01/2019 0.195 0.015 0.045 0.040 5199CL HIBISCS-CL 0.040 Unch 3443.8 0.975 0.980 10.77 01/03/2019
0.030 0.005 — — 0072WA AT-WA 0.005 — — 0.055 0.270 400.00 28/01/2019 0.125 0.040 0.080 0.080 5199CN HIBISCS-CN 0.080 0.005 30 0.975 1.100 33.33 25/06/2019
0.055 0.005 0.005 0.005 0072WB AT-WB 0.005 Unch 327.3 0.055 0.090 72.73 17/10/2019 0.065 0.035 0.060 0.060 5199CP HIBISCS-CP 0.060 Unch 130 0.975 1.200 38.46 13/06/2019
0.250 0.140 0.200 0.185 7579WA AWC-WA 0.190 0.010 1359.1 0.690 0.880 55.07 25/12/2023 0.130 0.115 0.130 0.125 5199CQ HIBISCS-CQ 0.125 0.005 740 0.975 0.900 24.36 30/08/2019
0.155 0.010 0.040 0.035 688828 AXIATA-C28 0.035 Unch 49.2 4.060 4.750 20.44 31/05/2019 0.115 0.110 0.115 0.110 5199CR HIBISCS-CR 0.110 Unch 3960.5 0.975 1.080 33.33 02/08/2019
0.180 0.020 — — 688829 AXIATA-C29 0.035 — — 4.060 5.000 26.60 18/03/2019 0.665 0.200 0.505 0.485 5199WC HIBISCS-WC 0.490 Unch 9262.9 0.975 1.000 52.82 19/03/2021
0.145 0.090 — — 688832 AXIATA-C32 0.130 — — 4.060 4.100 17.00 30/05/2019 0.380 0.120 0.180 0.130 8443WB HIL-WB 0.180 Unch 2.2 0.520 1.080 142.31 25/10/2027
0.195 0.140 0.185 0.185 688833 AXIATA-C33 0.185 Unch 20 4.060 3.600 11.45 28/06/2019 0.075 0.035 0.050 0.050 5819CN HLBANK-CN 0.050 0.010 49 20.72 21.00 6.18 31/07/2019
0.165 0.095 — — 688834 AXIATA-C34 0.155 — — 4.060 3.450 4.06 30/08/2019 0.165 0.045 0.050 0.050 0188WA HLT-WA 0.050 Unch 7.4 0.135 0.200 85.19 27/12/2022
0.180 0.130 0.170 0.165 688835 AXIATA-C35 0.170 0.010 1.2 4.060 4.200 20.20 17/06/2019 0.700 0.140 0.225 0.200 0185WA HSSEB-WA 0.200 -0.020 284.3 1.040 1.700 82.69 15/03/2023
0.195 0.170 — — 688836 AXIATA-C36 0.195 — — 4.060 3.750 18.78 23/10/2019 0.075 0.005 0.010 0.010 7013WB HUBLINE-WB 0.010 Unch 200 0.055 0.200 281.82 20/12/2020
0.409 0.085 0.130 0.130 7078WA AZRB-WA 0.130 -0.020 29 0.355 0.630 114.08 13/05/2024 0.025 0.010 0.025 0.020 7013WC HUBLINE-WC 0.025 Unch 2934.1 0.055 0.055 45.45 17/12/2023
0.550 0.170 0.250 0.245 0098WA BAHVEST-WA 0.245 0.005 152.9 0.415 0.430 62.65 20/08/2024 1.000 0.100 0.480 0.470 9687WB IDEAL-WB 0.470 -0.020 15 1.220 1.000 20.49 30/03/2021
0.220 0.190 0.215 0.215 4162CN BAT-CN 0.215 0.005 50 37.940 40.000 25.26 23/10/2019 0.080 0.015 0.065 0.065 5225C7 IHH-C7 0.065 -0.015 113.2 5.700 6.000 9.82 31/05/2019
0.110 0.070 0.090 0.090 5248C1 BAUTO-C1 0.090 Unch 301 2.180 2.200 13.30 31/05/2019 0.140 0.050 0.125 0.125 5225C8 IHH-C8 0.125 -0.005 80 5.700 5.200 4.39 04/04/2019
0.325 0.115 0.185 0.170 5258WA BIMB-WA 0.180 0.010 494.7 3.770 4.720 29.97 04/12/2023 0.175 0.045 0.075 0.075 333620 IJM-C20 0.075 Unch 466 1.800 1.880 16.94 29/03/2019
0.100 0.025 0.045 0.035 6998WA BINTAI-WA 0.045 Unch 9.1 0.135 0.200 81.48 15/06/2020 0.105 0.020 0.030 0.030 16626 INARI-C26 0.030 Unch 100 1.390 1.850 39.57 30/09/2019
0.150 0.045 0.060 0.060 3239WB BJASSET-WB 0.060 Unch 650 0.300 0.350 36.67 10/06/2023 0.120 0.025 0.035 0.035 16627 INARI-C27 0.035 0.005 777.5 1.390 1.900 44.75 28/06/2019
0.060 0.040 0.050 0.050 339511 BJCORP-C11 0.050 Unch 100 0.295 0.310 22.03 25/06/2019 0.105 0.050 0.070 0.070 16629 INARI-C29 0.070 0.005 0.8 1.390 1.900 51.80 28/06/2019
0.100 0.035 0.060 0.060 3395WB BJCORP-WB 0.060 Unch 500 0.295 1.000 259.32 22/04/2022 0.085 0.045 0.055 0.055 16630 INARI-C30 0.055 0.005 60 1.390 1.800 41.37 13/06/2019
0.140 0.060 0.080 0.080 3395WC BJCORP-WC 0.080 -0.005 1821.2 0.295 1.000 266.10 29/05/2026 0.095 0.095 0.095 0.095 16631 INARI-C31 0.095 Unch 3202.2 1.390 1.280 16.01 02/08/2019
0.040 0.010 0.020 0.015 7036WC BORNOIL-WC 0.020 Unch 101 0.045 0.070 100.00 08/11/2025 0.115 0.105 0.115 0.115 16632 INARI-C32 0.115 0.010 351 1.390 1.500 31.08 31/07/2019
0.045 0.015 0.020 0.015 7036WD BORNOIL-WD 0.015 Unch 11.2 0.045 0.070 88.89 29/05/2027 2.010 0.710 0.875 0.860 0166WB INARI-WB 0.860 0.015 99.7 1.390 0.533 0.24 17/02/2020
0.120 0.080 0.120 0.120 181822 BURSA-C22 0.120 Unch 36.6 7.390 7.700 13.94 30/08/2019 0.075 0.020 0.040 0.035 0094WA INIX-WA 0.035 Unch 1930.6 0.105 0.100 28.57 16/11/2020
0.120 0.030 — — 0191WA CABNET-WA 0.050 — — 0.215 0.500 155.81 02/07/2021 0.365 0.040 0.075 0.070 3379WB INSAS-WB 0.070 Unch 696.1 0.725 1.000 47.59 25/02/2020
0.830 0.300 0.355 0.350 7174WA CAB-WA 0.355 Unch 11.1 0.545 0.170 -3.67 08/02/2020 0.210 0.005 0.015 0.010 8834WB IREKA-WB 0.015 0.005 50.9 0.535 1.000 89.72 25/06/2019
0.925 0.370 — — 7154WA CAELY-WA 0.600 — — 0.995 0.380 -1.51 22/04/2021 0.105 0.005 0.010 0.010 7183WA IRETEX-WA 0.010 Unch 216.8 0.135 0.800 500.00 10/06/2019
0.255 0.015 0.020 0.020 7076WA CBIP-WA 0.020 Unch 524 1.180 2.400 105.08 06/11/2019 0.035 0.005 0.010 0.010 0024WB JAG-WB 0.010 Unch 16.8 0.070 0.150 128.57 15/11/2020
0.330 0.070 0.110 0.105 7035WA CCK-WA 0.105 -0.005 658.9 0.490 0.900 105.10 18/06/2023 0.355 0.150 0.345 0.310 4723WB JAKS-WB 0.315 -0.010 672.9 0.575 0.640 66.09 13/12/2023
0.115 0.005 0.010 0.010 5195WB CENSOF-WB 0.010 0.005 606.7 0.145 0.460 224.14 07/10/2019 0.085 0.050 0.085 0.075 0111WC K1-WC 0.080 0.005 3167.1 0.245 0.300 55.10 30/12/2021
0.285 0.150 — — 7187WA CHGP-WA 0.205 — — 0.370 0.200 9.46 07/07/2023 0.040 0.015 0.015 0.015 3115WC KBUNAI-WC 0.015 -0.005 14 0.085 0.131 71.76 20/10/2023
0.480 0.280 0.390 0.375 5738WB CHHB-WB 0.385 -0.015 102.2 1.550 1.200 2.26 20/12/2023 0.030 0.020 0.020 0.020 7161CJ KERJAYA-CJ 0.020 -0.005 200 1.280 1.550 25.78 04/04/2019
0.155 0.050 — — 102338 CIMB-C38 0.050 — — 5.670 5.900 10.23 27/02/2019 0.460 0.140 0.220 0.205 7161WB KERJAYA-WB 0.220 0.015 268.6 1.280 1.600 42.19 28/02/2023
0.130 0.090 — — 102342 CIMB-C42 0.090 — — 5.670 6.380 22.05 31/05/2019 0.765 0.200 0.580 0.570 0151WA KGB-WA 0.575 0.015 134.1 1.100 0.500 -2.27 12/06/2019
0.140 0.055 0.055 0.055 102343 CIMB-C43 0.055 Unch 500 5.670 6.600 20.96 30/04/2019 0.660 0.210 0.270 0.245 5171WA KIMLUN-WA 0.270 -0.020 40.1 1.180 1.680 65.25 12/03/2024
0.145 0.090 — — 102344 CIMB-C44 0.090 — — 5.670 6.500 22.57 20/05/2019 0.605 0.160 0.300 0.300 5027WB KMLOONG-WB 0.300 0.010 30 1.260 1.400 34.92 10/04/2025
0.170 0.120 0.120 0.120 102345 CIMB-C45 0.120 Unch 200 5.670 5.700 13.23 28/06/2019 0.075 0.010 0.025 0.015 7164WB KNM-WB 0.020 0.005 364.5 0.090 1.000 1,033 21/04/2020
0.045 0.025 — — 7018WA CME-WA 0.035 — — 0.040 0.010 12.50 01/05/2028 0.095 0.010 0.025 0.015 7017WB KOMARK-WB 0.020 Unch 2867 0.155 0.230 61.29 21/01/2020
0.145 0.040 — — 285213 CMSB-C13 0.085 — — 3.130 3.650 27.48 01/03/2019 0.780 0.125 0.190 0.180 9385WA LAYHONG-WA 0.190 0.005 563.4 0.440 0.400 34.09 13/10/2021
0.510 0.220 — — 8125WB DAIBOCI-WB 0.320 — — 1.660 2.500 69.88 19/06/2022 0.220 0.030 0.050 0.050 8745WB LEWEKO-WB 0.050 0.005 30 0.135 0.200 85.19 08/09/2020
0.340 0.100 0.240 0.220 5276WA DANCO-WA 0.230 Unch 327.1 0.485 0.300 9.28 22/05/2022 0.157 0.039 0.060 0.060 7126WA LONBISC-WA 0.060 0.005 46.3 0.560 1.000 89.29 26/01/2020
0.025 0.005 — — 7179WB DBE-WB 0.010 — — 0.030 0.050 100.00 22/01/2022 0.055 0.025 0.030 0.030 5068WA LUSTER-WA 0.030 Unch 17 0.080 0.100 62.50 03/06/2022
0.160 0.030 0.075 0.055 3484WA DBHD-WA 0.075 0.015 723.4 0.340 0.580 92.65 27/11/2020 0.075 0.005 0.005 0.005 0017WA M3TECH-WA 0.005 Unch 1407 0.055 0.100 90.91 21/08/2019
0.075 0.030 — — 0152WB DGB-WB 0.035 — — 0.135 0.120 14.81 27/06/2021 0.100 0.030 0.035 0.035 858318 MAHSING-C18 0.035 Unch 10 0.925 1.130 27.84 24/04/2019
0.200 0.015 0.045 0.040 727733 DIALOG-C33 0.040 0.005 619 3.120 3.400 12.18 29/03/2019 0.055 0.005 0.015 0.015 526412 MALAKOFC12 0.015 -0.005 40 0.880 1.150 34.94 29/03/2019
0.125 0.040 — — 727736 DIALOG-C36 0.040 — — 3.120 3.550 20.19 28/06/2019 0.050 0.040 0.045 0.040 526414 MALAKOFC14 0.040 Unch 950.8 0.880 1.180 43.18 18/03/2019
0.145 0.025 0.055 0.055 727737 DIALOG-C37 0.055 0.005 205.8 3.120 3.500 17.47 31/07/2019 0.065 0.010 0.045 0.040 526415 MALAKOFC15 0.040 -0.010 550 0.880 1.000 18.18 28/06/2019
0.035 0.035 — — 727738 DIALOG-C38 0.035 — — 3.120 3.800 25.72 30/05/2019 0.080 0.020 0.060 0.035 526416 MALAKOFC16 0.040 -0.020 5026.2 0.880 0.950 14.77 29/03/2019
0.135 0.035 0.065 0.060 727739 DIALOG-C39 0.065 0.010 1.6 3.120 3.500 19.47 20/05/2019 0.105 0.040 0.090 0.065 526418 MALAKOFC18 0.065 -0.030 760.6 0.880 0.900 13.35 25/06/2019
0.220 0.075 0.125 0.115 727740 DIALOG-C40 0.125 0.010 930 3.120 3.300 16.99 28/06/2019 0.145 0.075 0.115 0.105 526419 MALAKOFC19 0.105 -0.030 140 0.880 0.800 11.19 31/07/2019
0.125 0.070 0.105 0.105 727741 DIALOG-C41 0.105 0.005 300 3.120 3.250 15.95 25/06/2019 0.340 0.105 0.140 0.130 5236WA MATRIX-WA 0.140 0.005 14.4 1.890 2.400 34.39 20/07/2020
0.150 0.025 0.065 0.065 694724 DIGI-C24 0.065 0.005 0.4 4.500 4.750 9.89 31/05/2019 0.105 0.070 0.105 0.100 6012C9 MAXIS-C9 0.100 -0.005 0.4 5.710 5.880 10.86 17/06/2019
0.185 0.085 — — 694725 DIGI-C25 0.105 — — 4.500 4.700 13.78 31/05/2019 0.180 0.080 0.090 0.085 115543 MAYBANKC43 0.090 Unch 80.7 9.550 9.000 0.84 30/04/2019
0.140 0.100 0.125 0.125 694726 DIGI-C26 0.125 Unch 199.9 4.500 4.500 11.11 25/06/2019 0.155 0.125 0.130 0.130 115549 MAYBANKC49 0.130 Unch 600 9.550 9.500 8.32 31/07/2019
0.145 0.110 0.125 0.125 694727 DIGI-C27 0.125 Unch 0.4 4.500 4.880 18.17 17/06/2019 0.150 0.115 0.120 0.120 115551 MAYBANKC51 0.120 0.005 0.8 9.550 9.500 7.64 28/06/2019
0.100 0.015 — — 0029WB DIGISTA-WB 0.015 — — 0.050 0.260 450.00 04/04/2023 0.085 0.040 0.070 0.070 117117 MBSB-C17 0.070 Unch 703.3 1.000 1.010 9.75 31/07/2019
0.160 0.095 — — 3026CB DLADY-CB 0.095 — — 60.819 67.000 17.97 28/02/2019 0.105 0.055 0.070 0.070 117118 MBSB-C18 0.070 Unch 100 1.000 1.000 14.00 31/05/2019
0.220 0.055 0.085 0.080 4456WD DNEX-WD 0.080 Unch 1948 0.280 0.500 107.14 30/07/2021 0.070 0.015 0.025 0.015 5040WB MEDAINC-WB 0.020 -0.005 51.1 0.300 0.900 206.67 22/04/2022
0.415 0.105 0.170 0.155 7114WA DNONCE-WA 0.160 -0.020 208 0.420 0.250 -2.38 25/11/2020 0.200 0.015 0.020 0.020 1694WB MENANG-WB 0.020 Unch 75.6 0.400 0.550 42.50 09/07/2019
0.060 0.015 0.020 0.020 5265WA DOLPHIN-WA 0.020 Unch 20 0.105 0.800 680.95 29/03/2021 0.205 0.050 0.085 0.085 7234WA MESB-WA 0.085 -0.005 208.4 0.260 0.300 48.08 27/12/2022
0.280 0.060 — — 7169WA DOMINAN-WA 0.070 — — 1.270 1.300 7.87 10/09/2020 2.040 1.010 1.540 1.420 3069WA MFCB-WA 1.420 -0.120 24 3.540 2.220 2.82 08/04/2020
0.265 0.020 0.035 0.025 161960 DRBHCOMC60 0.030 -0.010 1917.4 1.670 1.950 22.16 30/04/2019 0.106 0.035 0.060 0.055 5576WC MINHO-WC 0.060 Unch 77.6 0.310 0.320 22.58 02/08/2021
0.160 0.005 0.010 0.010 161964 DRBHCOMC64 0.010 -0.005 577.3 1.670 2.400 45.51 31/05/2019 0.170 0.045 0.155 0.155 381619 MISC-C19 0.155 0.005 56.8 6.630 6.060 3.09 28/06/2019
0.105 0.010 — — 161965 DRBHCOMC65 0.010 — — 1.670 2.400 46.11 01/03/2019 0.150 0.140 0.150 0.140 381621 MISC-C21 0.145 Unch 600 6.630 7.000 24.17 26/11/2019
0.090 0.010 0.010 0.010 161966 DRBHCOMC66 0.010 Unch 18 1.670 3.000 81.62 30/04/2019 0.273 0.015 0.040 0.040 9571WD MITRA-WD 0.040 0.005 25 0.325 0.940 201.54 23/08/2020
0.140 0.020 0.025 0.020 161967 DRBHCOMC67 0.020 -0.010 299 1.670 2.180 34.13 15/04/2019 0.095 0.045 0.075 0.075 0034WB MMAG-WB 0.075 0.010 0.5 0.225 0.200 22.22 27/11/2022
0.185 0.080 0.085 0.080 161968 DRBHCOMC68 0.080 -0.015 1205 1.670 1.900 29.58 28/06/2019 0.200 0.005 0.015 0.010 165132 MRCB-C32 0.015 0.005 668.7 0.705 0.800 15.60 28/02/2019
0.095 0.005 — — 521610 DSONIC-C10 0.005 — — 0.510 1.000 98.04 31/01/2019 0.085 0.010 0.015 0.015 165134 MRCB-C34 0.015 Unch 50 0.705 1.050 54.26 29/03/2019
0.300 0.050 0.100 0.085 5216WA DSONIC-WA 0.095 Unch 3763.2 0.510 1.090 132.35 05/07/2023 0.115 0.035 0.055 0.055 165136 MRCB-C36 0.055 0.005 510 0.705 0.750 21.99 04/04/2019
0.135 0.005 0.010 0.005 3417WB E&O-WB 0.005 -0.005 178 0.374 2.600 596.52 21/07/2019 0.140 0.045 0.075 0.070 165137 MRCB-C37 0.070 Unch 8328.3 0.705 0.700 19.15 30/04/2019
0.020 0.005 — — 0154WB EAH-WB 0.005 — — 0.015 0.090 533.33 24/02/2019 0.105 0.100 0.105 0.100 165139 MRCB-C39 0.100 Unch 2383 0.705 0.630 17.73 02/08/2019
0.020 0.005 0.010 0.005 0154WE EAH-WE 0.010 Unch 37.6 0.015 0.035 200.00 22/04/2023 0.400 0.180 0.255 0.245 1651WB MRCB-WB 0.255 Unch 977.2 0.705 1.250 113.48 29/10/2027
0.130 0.035 0.060 0.055 3557WC ECOFIRS-WC 0.060 -0.005 14.5 0.300 0.300 20.00 10/09/2019 0.470 0.060 0.125 0.115 13844 MYEG-C44 0.115 -0.010 120 1.010 1.000 21.78 29/03/2019
0.405 0.070 0.145 0.125 5253WA ECONBHD-WA 0.135 0.015 4568.8 0.515 1.250 168.93 02/01/2023 0.290 0.005 0.020 0.020 13845 MYEG-C45 0.020 Unch 50 1.010 1.280 31.68 18/02/2019
0.105 0.015 — — 8206CQ ECOWLD-CQ 0.015 — — 0.920 1.350 50.00 29/03/2019 0.195 0.015 0.020 0.015 13849 MYEG-C49 0.015 -0.005 214 1.010 1.880 89.85 15/04/2019
0.035 0.030 — — 8206CS ECOWLD-CS 0.035 — — 0.920 1.500 72.17 30/04/2019 0.135 0.050 0.090 0.075 13855 MYEG-C55 0.080 -0.020 4538.2 1.010 1.200 42.57 28/06/2019
0.375 0.165 0.210 0.190 8206WA ECOWLD-WA 0.190 -0.010 50.8 0.920 2.080 146.74 26/03/2022 0.315 0.235 0.265 0.255 13856 MYEG-C56 0.265 -0.020 977.6 1.010 0.950 33.42 31/07/2019
0.150 0.030 0.050 0.045 7471WB EDEN-WB 0.045 Unch 151.2 0.120 0.300 187.50 13/08/2021 0.165 0.130 0.150 0.130 13857 MYEG-C57 0.130 -0.015 2484 1.010 1.000 31.19 30/08/2019
1.260 0.110 0.220 0.205 0065WA EFORCE-WA 0.220 0.010 4755.1 0.550 0.340 1.82 17/07/2019 0.090 0.075 0.090 0.075 13858 MYEG-C58 0.080 Unch 2755 1.010 1.200 42.57 02/08/2019
0.385 0.130 0.145 0.140 8907WC EG-WC 0.140 -0.005 269 0.465 0.500 37.63 03/11/2020 0.305 0.235 0.280 0.270 0108WB N2N-WB 0.270 -0.010 599.7 1.010 0.830 8.91 08/01/2024
0.025 0.005 — — 7182WA EKA-WA 0.005 — — 0.060 0.200 241.67 22/01/2019 0.085 0.060 0.075 0.070 4707CE NESTLE-CE 0.070 0.005 0.4 147.39 148.00 5.16 28/06/2019
0.075 0.035 0.065 0.065 8877CT EKOVEST-CT 0.065 Unch 250 0.560 0.500 12.50 30/04/2019 0.035 0.005 0.005 0.005 0020WB NETX-WB 0.005 Unch 100 0.020 0.050 175.00 08/06/2019
0.740 0.045 0.120 0.105 8877WB EKOVEST-WB 0.110 0.005 2796.7 0.560 0.480 5.36 25/06/2019 0.030 0.005 0.010 0.010 0096WC NEXGRAM-WC 0.010 Unch 100 0.020 0.100 450.00 15/01/2024
0.340 0.100 0.160 0.150 5283WA EWINT-WA 0.155 Unch 270.6 0.780 1.450 105.77 02/04/2022 0.335 0.050 0.185 0.170 7241WA NGGB-WA 0.180 -0.005 3062.7 0.465 0.600 67.74 18/10/2020
0.495 0.030 0.050 0.050 7047WB FAJAR-WB 0.050 Unch 80.9 0.380 0.700 97.37 24/09/2019 0.410 0.200 0.290 0.290 0083WC NOTION-WC 0.290 0.005 94 0.660 0.840 71.21 14/03/2023
0.205 0.015 0.030 0.030 06505E FBMKLCI-C5E 0.030 0.005 162.1 1,692 1,680 0.52 31/01/2019 0.265 0.065 0.110 0.100 0172WA OCK-WA 0.105 Unch 2984.1 0.510 0.710 59.80 15/12/2020
0.060 0.005 0.005 0.005 06505I FBMKLCI-C5I 0.005 Unch 122 340.73 1,820 435.17 29/03/2019 0.090 0.015 0.065 0.060 0079WA ORION-WA 0.065 0.005 1095.5 0.145 0.170 62.07 26/07/2022
0.365 0.195 0.215 0.210 06505M FBMKLCI-C5M 0.215 0.015 290 1,692 1,770 8.41 30/04/2019 0.210 0.035 0.060 0.055 5053WC OSK-WC 0.055 Unch 50 0.900 1.200 39.44 22/07/2020
0.100 0.055 0.070 0.070 06505N FBMKLCI-C5N 0.070 0.005 500 1,692 1,680 2.17 31/05/2019 0.365 0.100 0.150 0.140 5260WA OWG-WA 0.145 Unch 578.6 0.550 0.800 71.82 29/09/2023
0.090 0.045 0.060 0.060 06505O FBMKLCI-C5O 0.060 0.005 618.5 1,692 1,700 2.94 28/06/2019 0.095 0.010 0.010 0.010 7052CW PADINI-CW 0.010 -0.010 610 3.760 6.200 66.89 28/06/2019
0.370 0.295 0.295 0.295 06505P FBMKLCI-C5P 0.295 Unch 15 1,692 1,730 7.46 31/05/2019 0.160 0.145 0.160 0.150 7052CX PADINI-CX 0.155 Unch 316.2 3.760 3.900 24.34 30/08/2019
0.330 0.135 0.250 0.250 06504Y FBMKLCI-H4Y 0.250 -0.020 1980 1,692 1,888 23.39 31/01/2019 0.420 0.245 0.320 0.290 8419WA PANSAR-WA 0.320 Unch 5 0.870 0.950 45.98 06/06/2023
TUES DAY JAN UA RY 22, 20 1 9 • T HE ED 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

China — Shares end higher as slowing
GDP adds to stimulus hopes
SHANGHAI: China shares ended higher
yesterday as investors shrugged off the
country’s slowest rate of annual economic
growth in 28 years amid expectations that
authorities will pursue more stimulus to
support growth.
At the close, the Shanghai Composite
Index (SSEC) was up 0.56% at 2,610.51. The
blue-chip CSI 300 Index was up 0.55%, with
its financial sector sub-index higher by 0.23%
and the healthcare sub-index up 0.38%.
The smaller Shenzhen Index ended
up 0.61% and the start-up board ChiNext
Composite Index was higher by 0.416%.
China’s economic growth cooled slightly
to 6.4% in the fourth quarter from a year
earlier, weighed down by weak investment,
faltering consumer confidence and the trade
war with the US, leaving 2018 growth at 6.6%,
the weakest since 1990.
The slowdown was in line with expectations,
and “we can expect more supportive policies,”
said Larry Hu, an economist at Macquarie
Capital in Hong Kong.
China’s Finance Ministry last Friday
announced further tax cuts for small
companies as part of an effort to create
jobs and promote economic stability.
The largest percentage gainers on the
SSEC were Citic Guoan Wine Co Ltd, up
10.17%, followed by Shanghai Hongda Mining
Co Ltd, gaining 10.07%, and GigaDevice
Semiconductor Beijing Inc, up by 10%.
The largest percentage losers on the SSEC
were Changshu Fengfan Power Equipment
Co Ltd, down 10.05%, followed by Fujian
Anjoy Foods Co Ltd, losing 7.13%, and Pengqi
Technology Development Co Ltd, down by
6.23%.
Hong Kong’s main Hang Seng Index crept
higher yesterday as investors shrugged off data
showing the Chinese economy slowed within
market expectations in the fourth quarter of
2018, amid expectations that Beijing would
roll out more stimulus to boost growth.
The Hang Seng was up 0.39% at 27,196.54
points, and the Hang Seng China Enterprises
Index rose 0.72% to 10,713.05.
The sub-index of the Hang Seng tracking
energy shares rose 1.6%, while the IT sector
climbed 0.84%, the financial sector ended
0.26 percent higher and the property sector
dipped 0.35%.
China’s economic growth cooled slightly
to 6.4% in the fourth quarter from a year
earlier, weighed down by weak investment,
faltering consumer confidence and the trade
war with the US.
While 2018 gross domestic product (GDP)
growth of 6.6% was the weakest since 1990,
growth figures were in line with market
expectations.
The top gainer on the Hang Seng was
Sunny Optical Technology Group Co Ltd,
which gained 5.44%, while the biggest loser
was Sino Biopharmaceutical Ltd, which fell
3.72%.
Japan — Nikkei ends at month high,
softer yen boosts exporters
TOKYO: Japan’s Nikkei Share Average
advanced to a more than one-month high
yesterday, tracking gains in US shares that
helped buoy cyclical stocks such as shippers,
while a weaker yen boosted exporters.
The Nikkei rose 53.26 points or 0.26% to
20,719.33, its highest close since Dec 19.
The broader Topix rose 0.6% to 1,566.37,
with only 1.12 billion shares changing hands,
the lowest level since September.
US stocks rallied last Friday as increased
hopes the US and China would resolve their
trade dispute lifted shares across sectors.
Analysts said the Nikkei was on track to
reach 21,000 points, a level it had traded last
month before a year-end rout.
“It would be a bit difficult to rise towards
22,000 with current catalysts but the market
is recovering,” said Shoji Hirakawa, chief
global strategist at Tokai Tokyo Research
Institute.
Cyclical stocks such as exporters gained
ground. Shares of TDK Corp surged 3.3%,
while those of Sumco Corp and Nidec Corp
jumped 4.3% and 3.5% respectively.
The Japanese yen recovered 0.2% against
the US dollar after falling more than 1% last
week.
“Commodity trading advisers are likely
covering their short positions on Japanese
stocks on the back of a recovery in the
US dollar-yen levels and oil prices,” said
Masanari Takada, a cross-asset strategist at
Nomura Securities.
Shippers outperformed after the Baltic
dry index, or freight charges, jumped 3.3%.
Shares of Mitsui OSK Lines rose 3.5%.
Kawasaki Kisen soared 3.6%, after the Nikkei
business daily reported that the company is
considering resuming a dividend payout for
the year ending March 2020.
Shares of Lixil Group Corp jumped 4.6%
after the Nikkei Business reported that its
board decided last year to consider delisting
from Japan through a management buyout
and moving its headquarters to Singapore.
The company denied the report, but investors
welcomed the report anyway.
“Lixil’s stock price had been falling quite
sharply due to short-selling, but short sellers
are seen covering their positions because in
case the company goes with a management
buyout, it would buy the stock at a higher price
than what is trading now,” said a fund manager
at a Japanese asset management firm.
Japanese government bond (JGB) prices
edged down yesterday as gains in Japanese
and US equities helped improve investors’
risk appetite and dampened the safe-haven
appeal of government debt.
The benchmark 10-year JGB yield was
flat at 0.005%, while the 30-year yield rose
0.5 basis point to 0.695%. Yields on shorter-
dated maturities also edged higher, with the
two-year and five-year yields both gaining
0.5 basis point, to -0.17% and -0.155%
respectively. — Reuters

Shanghai Composite Hang Seng

Index points
Nikkei 225 FT Straits Times
Index points Index points Index points
5800 33800
2,610.51 27,196.54 24500 3700
+14.50 +105.73
(+0.56%) 2,774.06
4825 29305 21,056.93 (+0.39%)
20400 3375

3850 24810 16300 3050

10,172.06
3,087.842
20,719.33
2875 20315 12200 2725
+53.26 3,224.34
(+0.26%) -3.78
15820 8100 2400 (-0.12%)
1900
Mar 1, 2010 Jan 21, 2019 Mar 1, 2010 Jan 21, 2019 Mar 1, 2010 Jan 21, 2019 Mar 1, 2010 Jan 21, 2019

Bursa Malaysia Equity Derivatives

Main Market & Ace Market Warrants
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
0.220 0.050 0.070 0.065 710652 SUPERMX-C52 0.065 Unch 4891.5 1.550 1.650 16.94 29/03/2019
0.230 0.045 0.075 0.060 5125WA PANTECH-WA 0.075 Unch 102.3 0.465 0.500 23.66 21/12/2020 0.120 0.010 0.020 0.020 710653 SUPERMX-C53 0.020 Unch 305 1.550 2.100 38.71 29/03/2019
0.240 0.060 0.080 0.080 5125WB PANTECH-WB 0.080 Unch 40.4 0.465 0.500 24.73 21/12/2021 0.225 0.055 0.080 0.075 710655 SUPERMX-C55 0.080 0.005 1363 1.550 1.750 23.23 31/07/2019
0.095 0.025 0.040 0.035 7225WB PA-WB 0.035 -0.005 1110.4 0.055 0.060 72.73 17/12/2022 0.310 0.105 0.135 0.130 710656 SUPERMX-C56 0.130 Unch 2146 1.550 1.400 11.29 30/05/2019
0.310 0.085 0.090 0.085 129525 PBBANK-C25 0.085 -0.025 308.2 24.800 24.200 0.32 30/01/2019 0.250 0.070 0.100 0.090 710658 SUPERMX-C58 0.090 Unch 2447.4 1.550 1.650 20.97 20/05/2019
0.215 0.020 0.040 0.035 518320 PCHEM-C20 0.040 0.015 240 8.600 8.400 1.40 31/01/2019 0.260 0.090 0.115 0.110 710659 SUPERMX-C59 0.110 Unch 0.4 1.550 1.500 14.52 30/08/2019
0.235 0.035 0.060 0.050 518322 PCHEM-C22 0.060 0.015 420 8.600 9.500 14.65 26/03/2019 0.170 0.055 0.070 0.070 710660 SUPERMX-C60 0.070 0.005 50.1 1.550 1.900 33.87 25/06/2019
0.200 0.020 0.030 0.025 518323 PCHEM-C23 0.030 0.010 1401.4 8.600 10.300 21.69 29/03/2019 0.230 0.070 0.070 0.070 7186WB SWSCAP-WB 0.070 Unch 2.5 0.655 0.900 48.09 19/07/2023
0.060 0.010 0.015 0.010 518324 PCHEM-C24 0.015 Unch 997.2 8.600 10.000 18.02 28/06/2019 0.050 0.020 0.025 0.025 2429WB TANCO-WB 0.025 -0.005 10 0.055 0.050 36.36 23/08/2021
0.140 0.065 0.100 0.085 518326 PCHEM-C26 0.100 0.020 995 8.600 9.700 19.77 31/07/2019 0.090 0.035 0.040 0.035 5178WA TATGIAP-WA 0.035 Unch 1741.2 0.115 0.120 34.78 26/12/2023
0.050 0.005 0.010 0.010 6254WB PDZ-WB 0.010 Unch 50 0.035 0.100 214.29 29/01/2023 0.255 0.065 0.080 0.075 7200WA TEKSENG-WA 0.075 Unch 63 0.255 0.250 27.45 29/01/2020
0.270 0.030 0.060 0.050 8311WC PESONA-WC 0.055 -0.010 80 0.210 0.250 45.24 27/01/2020 0.190 0.075 0.095 0.095 534750 TENAGA-C50 0.095 -0.005 40.9 13.680 14.400 13.60 28/06/2019
0.125 0.055 0.070 0.060 5681CX PETDAG-CX 0.070 0.010 250.1 25.000 26.500 11.60 30/09/2019 0.140 0.055 0.065 0.060 534751 TENAGA-C51 0.065 0.005 82.1 13.680 14.000 7.09 30/08/2019
0.130 0.030 0.035 0.035 6033CS PETGAS-CS 0.035 -0.005 0.3 17.780 19.000 9.81 28/06/2019 0.360 0.100 0.270 0.260 7252WA TEOSENG-WA 0.260 Unch 600 1.040 1.350 54.81 29/01/2020
0.185 0.045 0.050 0.050 886917 PMETAL-C17 0.050 0.005 15 4.450 4.800 14.04 29/03/2019 2.610 0.705 0.950 0.925 7034WA TGUAN-WA 0.950 0.050 26 2.440 1.500 0.41 09/10/2019
0.120 0.050 0.055 0.055 886921 PMETAL-C21 0.055 0.005 120 4.450 5.600 32.64 28/06/2019 0.264 0.018 0.075 0.065 7889WB THRIVEN-WB 0.075 Unch 2.5 0.220 0.480 152.27 05/10/2020
0.110 0.055 0.060 0.060 886922 PMETAL-C22 0.060 0.005 40 4.450 5.100 21.35 13/06/2019 0.100 0.005 0.020 0.020 7079WC TIGER-WC 0.020 -0.005 50 0.085 0.320 300.00 11/02/2021
5.380 3.330 4.030 4.020 8869WC PMETAL-WC 4.030 0.010 65 4.450 0.390 -0.67 22/08/2019 0.105 0.065 0.100 0.100 486335 TM-C35 0.100 Unch 200 2.780 2.800 20.50 28/06/2019
0.060 0.005 0.005 0.005 463424 POS-C24 0.005 Unch 200 2.010 3.500 75.87 04/04/2019 0.195 0.120 0.180 0.175 486336 TM-C36 0.180 Unch 997.2 2.780 2.200 8.27 28/06/2019
0.125 0.010 0.015 0.015 463427 POS-C27 0.015 0.005 760 2.010 3.000 52.99 30/09/2019 0.235 0.115 0.230 0.215 486337 TM-C37 0.220 -0.005 150.6 2.780 2.150 1.08 30/09/2019
0.080 0.005 0.010 0.010 463428 POS-C28 0.010 Unch 200 2.010 3.450 74.13 28/06/2019 0.160 0.110 0.155 0.155 486338 TM-C38 0.155 Unch 0.4 2.780 2.500 17.81 17/06/2019
0.070 0.030 0.060 0.055 463429 POS-C29 0.060 0.005 130 2.010 2.600 41.29 28/06/2019 0.180 0.170 0.175 0.170 486339 TM-C39 0.175 -0.005 200 2.780 2.600 15.56 31/07/2019
0.080 0.040 0.080 0.080 463430 POS-C30 0.080 0.015 10 2.010 2.200 25.37 25/06/2019 0.190 0.025 0.030 0.030 0101WB TMCLIFE-WB 0.030 -0.005 3 0.730 0.750 6.85 21/06/2019
0.130 0.080 0.130 0.115 463431 POS-C31 0.130 0.015 450.1 2.010 2.000 25.37 31/07/2019 0.460 0.170 0.245 0.240 7285WA TOMYPAK-WA 0.240 0.020 25 0.685 0.930 70.80 21/06/2021
0.600 0.315 0.345 0.335 7168WA PRG-WA 0.340 Unch 77 0.750 0.375 -4.67 06/07/2019 0.405 0.045 0.055 0.050 711333 TOPGLOV-C33 0.050 Unch 1346.2 4.860 5.500 16.77 29/03/2019
0.280 0.105 0.130 0.130 8966WA PRLEXUS-WA 0.130 -0.010 7.9 0.585 1.200 127.35 14/06/2021 0.240 0.015 0.025 0.020 711339 TOPGLOV-C39 0.020 0.005 120.1 4.860 6.440 35.39 28/02/2019
0.220 0.035 0.075 0.065 5070WA PRTASCO-WA 0.070 0.005 1457.5 0.280 0.750 192.86 25/04/2023 0.180 0.030 0.040 0.035 711341 TOPGLOV-C41 0.040 Unch 65 4.860 6.000 27.57 28/06/2019
0.115 0.010 0.045 0.040 7145WA PSIPTEK-WA 0.040 -0.010 1355.4 0.135 0.100 3.70 16/11/2019 0.245 0.060 0.070 0.065 711342 TOPGLOV-C42 0.070 0.005 6854.3 4.860 5.800 27.26 31/05/2019
0.180 0.045 0.060 0.055 0186WA PTRANS-WA 0.060 Unch 735 0.235 0.235 25.53 19/09/2020 0.275 0.070 0.085 0.080 711343 TOPGLOV-C43 0.080 0.005 6742.2 4.860 5.880 29.22 17/06/2019
0.215 0.055 0.075 0.075 0007WA PUC-WA 0.075 0.005 175.2 0.105 0.100 66.67 25/12/2024 0.145 0.055 0.070 0.065 711344 TOPGLOV-C44 0.070 0.005 4362.6 4.860 6.600 43.72 31/07/2019
0.550 0.210 0.310 0.300 7237WA PWROOT-WA 0.310 0.005 20.6 1.440 1.540 28.47 24/07/2023 0.260 0.085 0.100 0.095 7173WB TOYOINK-WB 0.095 Unch 366 0.620 1.500 157.26 06/11/2023
0.135 0.055 0.085 0.070 5256WA REACH-WA 0.080 0.010 14903.4 0.320 0.750 159.38 12/08/2022 0.030 0.005 0.005 0.005 0118WB TRIVE-WB 0.005 Unch 0.3 0.015 0.090 533.33 28/08/2020
0.200 0.040 0.140 0.135 9954WB RGTBHD-WB 0.140 Unch 553.4 0.185 0.100 29.73 14/05/2023 0.215 0.040 0.055 0.045 5401WA TROP-WA 0.055 0.010 73.3 0.895 1.000 17.88 06/12/2019
0.105 0.085 0.105 0.105 106612 RHBBANKC12 0.105 0.005 20 5.430 5.800 14.94 31/07/2019 0.150 0.015 0.015 0.015 514861 UEMS-C61 0.015 Unch 28 0.790 0.800 5.06 30/01/2019
0.265 0.040 0.080 0.075 1066C8 RHBBANK-C8 0.075 Unch 150.4 5.430 5.300 1.75 28/02/2019 0.155 0.015 0.030 0.030 514862 UEMS-C62 0.030 Unch 501 0.790 0.800 8.86 27/02/2019
0.180 0.055 0.080 0.075 8567WB SALCON-WB 0.075 Unch 983.5 0.250 0.300 50.00 19/07/2025 0.090 0.040 0.085 0.075 514865 UEMS-C65 0.085 0.010 498.4 0.790 0.750 16.46 28/06/2019
0.100 0.030 0.035 0.035 521873 SAPNRGC73 0.035 0.005 450 0.285 0.400 58.77 31/05/2019 0.095 0.015 0.080 0.080 458811 UMW-C11 0.080 Unch 0.4 5.780 6.100 13.84 28/06/2019
0.055 0.030 0.035 0.030 521874 SAPNRGC74 0.030 Unch 650 0.285 0.409 59.50 28/06/2019 0.270 0.110 0.240 0.240 458812 UMW-C12 0.240 -0.005 200 5.780 4.600 4.50 30/05/2019
0.355 0.065 0.100 0.100 7247WA SCGM-WA 0.100 Unch 0.1 1.230 3.960 230.08 31/07/2020 0.240 0.105 0.235 0.230 458813 UMW-C13 0.230 -0.005 0.8 5.780 4.700 5.19 30/08/2019
0.130 0.020 0.040 0.035 0161WA SCH-WA 0.035 -0.005 230 0.115 0.100 17.39 04/12/2021 0.250 0.155 0.235 0.230 458815 UMW-C15 0.235 Unch 20 5.780 4.800 7.44 28/06/2019
0.125 0.010 0.020 0.015 7158WB SCOMI-WB 0.015 Unch 139.6 0.060 0.210 275.00 18/02/2023 0.150 0.115 0.145 0.140 458816 UMW-C16 0.145 -0.005 488.3 5.780 5.800 15.40 25/06/2019
0.280 0.010 0.015 0.010 7073WB SEACERA-WB 0.010 Unch 21.9 0.220 0.930 327.27 29/05/2019 0.150 0.115 0.145 0.145 458817 UMW-C17 0.145 Unch 150 5.780 6.300 22.04 31/07/2019
0.260 0.020 0.030 0.025 7073WC SEACERA-WC 0.030 0.005 1055.3 0.220 1.000 368.18 21/01/2021 0.210 0.050 0.080 0.075 5243WA VELESTO-WA 0.080 0.010 3317.4 0.220 0.395 115.91 18/10/2024
0.350 0.170 0.260 0.260 7180WA SERNKOU-WA 0.260 -0.005 10 0.555 0.400 18.92 20/03/2023 0.760 0.430 0.545 0.530 7240WA VERTICE-WA 0.545 0.015 40.1 0.910 0.500 14.84 31/03/2024
0.180 0.050 0.070 0.065 7246WA SIGN-WA 0.070 0.010 563 0.375 0.970 177.33 21/04/2021 0.355 0.100 0.185 0.180 0120WB VIS-WB 0.180 -0.005 478.1 0.475 0.750 95.79 16/11/2022
0.085 0.075 0.075 0.075 419730 SIME-C30 0.075 Unch 50 2.300 2.700 27.17 31/07/2019 0.015 0.005 0.010 0.010 0069WE VIVOCOM-WE 0.010 0.005 10.1 0.020 0.050 200.00 22/08/2023
0.090 0.040 0.065 0.065 7155CP SKPRES-CP 0.065 0.015 0.4 1.260 1.400 26.59 20/05/2019 0.425 0.310 0.425 0.395 7070WC VIZIONE-WC 0.425 0.010 322 1.020 0.700 10.29 05/02/2022
0.200 0.075 0.085 0.085 5242WA SOLID-WA 0.085 -0.010 7 0.320 0.210 -7.81 16/12/2020 0.165 0.005 0.005 0.005 6963C5 VS-C5 0.005 Unch 596.4 0.835 1.600 93.41 29/03/2019
0.125 0.030 0.045 0.045 0093WA SOLUTN-WA 0.045 -0.005 151 0.110 0.200 122.73 04/07/2021 0.150 0.130 0.140 0.135 6963C8 VS-C8 0.135 -0.005 1970 0.835 0.770 32.63 30/08/2019
0.105 0.015 0.040 0.035 866410 SPSETIA-C10 0.035 -0.005 0.4 2.480 2.800 17.14 28/06/2019 0.115 0.110 0.115 0.110 6963C9 VS-C9 0.115 Unch 590 0.835 0.880 39.82 02/08/2019
0.180 0.100 0.165 0.165 866411 SPSETIA-C11 0.165 Unch 500 2.480 2.300 12.70 25/06/2019 0.285 0.045 0.095 0.090 9679WE WCT-WE 0.090 Unch 3663.7 0.855 2.080 153.80 27/08/2020
0.095 0.010 0.020 0.020 0140WA STERPRO-WA 0.020 Unch 7.5 0.150 0.480 233.33 17/02/2021 0.180 0.085 0.100 0.090 0162WA WIDAD-WA 0.095 0.005 6819 0.290 0.350 53.45 05/08/2023
0.195 0.095 0.100 0.100 0080WA STRAITS-WA 0.100 Unch 545 0.215 0.115 0.00 10/08/2022 0.409 0.070 0.155 0.125 7245WA WZSATU-WA 0.145 0.005 1902.1 0.350 0.380 50.00 28/10/2024
0.100 0.005 0.005 0.005 1201WA SUMATEC-WA 0.005 Unch 12 0.005 0.320 6,400 03/03/2021 0.130 0.020 0.020 0.020 7293CT YINSON-CT 0.020 Unch 140 4.060 4.680 17.49 31/05/2019
0.590 0.210 0.265 0.255 5211WB SUNWAY-WB 0.265 0.005 11 1.500 1.790 37.00 03/10/2024 1.120 0.130 0.195 0.180 7066WA YONGTAI-WA 0.180 -0.005 294.1 0.415 0.500 63.86 24/06/2020
0.480 0.040 0.080 0.075 710642 SUPERMX-C42 0.075 0.005 455 1.550 1.440 2.58 31/01/2019 0.250 0.015 0.035 0.030 467719 YTL-C19 0.035 -0.005 178.8 1.140 1.200 8.33 28/02/2019
0.090 0.005 0.005 0.005 710651 SUPERMX-C51 0.005 Unch 100 1.490 2.225 50.34 15/03/2019
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets T UESDAY JAN UARY 22 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on January 17, 2019) 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. Hong Kong’s land supply dilemma
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE The government is pushing forward with a multibillion-US dollar island reclamation for
AXIATA GROUP (1,497,600) EMPLOYEES PROVIDENT FUND BOARD 1,424,124,617 11/1 a new town development. But critics, including former planning officials, note that property
BAHVEST RESOURCES (2,000,000) DATUK LO FUI MING 188,584,290 14/1
BERMAZ AUTO (870,800) KUMPULAN WANG PERSARAAN 16/1 developers have been hoarding land in Hong Kong’s mostly empty New Territories, where
(DIPERBADANKAN) they want to build luxury towers and shopping malls.
BUMI ARMADA (3,000,000) EMPLOYEES PROVIDENT FUND BOARD 429,521,300 14/1
D&O GREEN TECHNOLOGIES (150,000) KUMPULAN WANG PERSARAAN 59,746,000 16/1
(DIPERBADANKAN)
DAYANG ENTERPRISE (1,011,300) KUMPULAN WANG PERSARAAN 114,347,966 15 & 16/1
(DIPERBADANKAN)
DIALOG GROUP 130,600 KUMPULAN WANG PERSARAAN 308,331,033 16/1
(DIPERBADANKAN)
DIALOG GROUP (1,390,100) EMPLOYEES PROVIDENT FUND BOARD 496,504,116 14/1
DIGI.COM (1,833,900) EMPLOYEES PROVIDENT FUND BOARD 1,131,172,886 14/1
ECO WORLD DEVELOPMENT (8,730,000) ECO WORLD DEVELOPMENT 419,321,839 14/1
GROUP
GADANG 120,500 TAN SRI DATO’ KOK ONN 181,623,553 16/1
GAMUDA 1,293,900 EMPLOYEES PROVIDENT FUND BOARD 290,110,405 14/1
GENTING PLANTATIONS (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 81,270,500 14/1
GENTING PLANTATIONS 185,000 KUMPULAN WANG PERSARAAN 51,505,600 15 & 16/1
(DIPERBADANKAN)
GLOBETRONICS TECHNOLOGY 893,000 EMPLOYEES PROVIDENT FUND BOARD 84,588,329 14/1
GRAND-FLO 2,000,000 YU CHEE SING 2,000,000 15/1
HARTALEGA (1,165,200) EMPLOYEES PROVIDENT FUND BOARD 213,998,200 14/1
HARTALEGA 200,000 KUAN KAM HON @ KWAN KAM ONN 1,675,766,696 16/1
HONG LEONG BANK 141,900 EMPLOYEES PROVIDENT FUND BOARD 258,874,321 14/1
HOVID 640,400 FAJAR ASTORIA 508,886,865 14 & 15/1
HUBLINE 7,000,000 BNDM INCORPORATED 1,122,036,349 17/1
IGB REAL ESTATE (349,600) EMPLOYEES PROVIDENT FUND BOARD 370,235,966 14/1
INVESTMENT TRUST
IGB REAL ESTATE (7,303,900) TAN CHIN NAM 1,903,320,018 28, 31/12 &
INVESTMENT TRUST 3, 4, 7-10,
14 - 16/1
IHH HEALTHCARE (963,600) EMPLOYEES PROVIDENT FUND BOARD 723,780,000 14/1 Banco Santander Brasil’s market share in car loans
IJM CORPORATION 146,100 EMPLOYEES PROVIDENT FUND BOARD 531,271,618 14/1
IMASPRO CORPORATION 1,171,000 YU KUAN CHON 15,534,904 16/1
IOI CORPORATION (1,050,400) EMPLOYEES PROVIDENT FUND BOARD 779,137,973 14/1
KUALA LUMPUR KEPONG (321,000) EMPLOYEES PROVIDENT FUND BOARD 124,118,388 14/1
LIEN HOE CORPORATION (223,000) LEE YEW CHEN 16,962,500 14 - 16/1
MALAKOFF CORPORATION (700,000) KUMPULAN WANG PERSARAAN 418,382,734 15 & 16/1
(DIPERBADANKAN)
MALAYAN BANKING 2,000,000 AMANAHRAYA TRUSTEE 3,781,326,381 15/1
- AMANAH SAHAM BUMIPUTERA
MALAYAN BANKING (100,000) EMPLOYEES PROVIDENT FUND BOARD 1,443,257,896 14/1
MAXIS (325,500) EMPLOYEES PROVIDENT FUND BOARD 901,585,914 14/1
PENTAMASTER CORPORATION (777,400) KUMPULAN WANG PERSARAAN 39,310,000 15 & 16/1
(DIPERBADANKAN)
PETRONAS CHEMICALS GROUP (451,900) EMPLOYEES PROVIDENT FUND BOARD 665,340,500 14/1
PETRONAS DAGANGAN 138,300 EMPLOYEES PROVIDENT FUND BOARD 59,822,000 14/1
POS MALAYSIA 100,000 EMPLOYEES PROVIDENT FUND BOARD 75,799,649 14/1
PPB GROUP (493,200) EMPLOYEES PROVIDENT FUND BOARD 160,953,370 14/1
PRESTARIANG (2,000,000) KUMPULAN WANG PERSARAAN 28,683,200 15/1
(DIPERBADANKAN)
PUBLIC BANK (855,800) EMPLOYEES PROVIDENT FUND BOARD 475,005,800 14/1
QL RESOURCES 1,063,800 EMPLOYEES PROVIDENT FUND BOARD 104,177,015 14/1
RIMBUNAN SAWIT (486,000) TIONG KIONG KING 21,862,900 16/1
RIMBUNAN SAWIT 26,958,600 PERTUMBUHAN ABADI ASIA 233,458,600 14/1
S P SETIA 190,800 EMPLOYEES PROVIDENT FUND BOARD 427,278,017 14/1
SIGNATURE INTERNATIONAL 51,800 TENYIN HOLDING 64,776,008 15/1
SIME DARBY PLANTATION (519,400) EMPLOYEES PROVIDENT FUND BOARD 973,842,531 14/1
STRAITS INTER LOGISTICS 138,000 DATO’ SRI HO KAM CHOY 70,754,700 14 - 16/1
SUNWAY 1,453,100 EMPLOYEES PROVIDENT FUND BOARD 352,089,570 11 & 14/11
SUNWAY REAL ESTATE 12,000,000 AMANAHRAYA TRUSTEE 185,000,000 15/1
INVESTMENT TRUST - AMANAH SAHAM BUMIPUTERA
SUNWAY REAL ESTATE 1,500,000 EMPLOYEES PROVIDENT FUND BOARD 438,814,200 14/1
INVESTMENT TRUST
Stocks closest to year high Stocks closest to year low
TATT GIAP GROUP (23,694,823) ARICH INC. HK 14/1 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
TENAGA NASIONAL (1,180,700) EMPLOYEES PROVIDENT FUND BOARD 726,277,482 11 & 14/1 (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
TIONG NAM LOGISTICS (101,400) EMPLOYEES PROVIDENT FUND BOARD 24,857,790 11/1 VIZIONE-WC 0.425 0.395 0.425 322 HSI-H4P 0.155 0.125 0.125 7143
POS-C30 0.080 0.080 0.080 10 PBBANK-C25 0.090 0.085 0.085 308.2
TOP GLOVE CORPORATION (1,975,000) EMPLOYEES PROVIDENT FUND BOARD 171,050,322 14/1
POS-C31 0.130 0.115 0.130 450.1 VS-C9 0.115 0.110 0.115 590
UMW (988,000) EMPLOYEES PROVIDENT FUND BOARD 128,157,768 14/1
V.S. INDUSTRY (200,000) KUMPULAN WANG PERSARAAN 211,089,975 16/1 VS-C9 0.115 0.110 0.115 590 HSI-H6H 0.340 0.320 0.320 122.5
(DIPERBADANKAN) FGV-C62 0.065 0.065 0.065 0.1 HSI-H4O 0.045 0.030 0.035 13131.9
WESTPORTS (412,600) EMPLOYEES PROVIDENT FUND BOARD 200,673,500 14/1 HSI-C5L 1.070 1.030 1.070 51 FBMKLCI-H6G 0.010 0.005 0.005 1034
YINSON 117,600 EMPLOYEES PROVIDENT FUND BOARD 148,407,900 14/1 VIZIONE 1.020 0.990 1.020 3268.5 ROHAS 0.675 0.650 0.675 97.1
YNH PROPERTY 1,250,000 DATO DR YU KUAN CHON 166,779,957 14 - 16/1 ATURMJU-PA 0.040 0.020 0.035 22914 OKA 0.620 0.555 0.590 246
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder FGV-C65 0.120 0.120 0.120 12.7 TM-C39 0.175 0.170 0.175 200
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with
HSI-H6K 0.225 0.215 0.215 105 SP500-HH 0.625 0.625 0.625 50
Bursa Malaysia. Note: * denotes Ace Market
HTPADU 0.860 0.590 0.860 6309.7 A50CHIN-H27 0.325 0.310 0.310 368.7
HIBISCS-CQ 0.130 0.125 0.125 740 GENM-C48 0.135 0.125 0.125 691

Local event to watch out for today HIBISCS-CR

HAPSENG
0.115
10.000
0.110
9.860
0.110
9.880
3960.5
1922.5
NADIBHD
MRCB-C39
0.270
0.105
0.255
0.100
0.255
0.100
7455.6
2383
HSI-C5K 0.745 0.725 0.740 85 MYEG-C57 0.150 0.130 0.130 2484
• Nil This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
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 $ 0.591 0.672 0.671 0.522 0.894 0.914 0.914 0.940 2.7673 4.570 56.449 4.415 2.470 9,563 47.906 73.685 5.759 35.502 2.448 2.522 6.063 21.365 5.275
EURO 1.691 1.137 1.135 0.883 1.512 1.546 1.546 1.589 4.6804 7.729 95.473 7.468 4.177 16,174 81.025 124.625 9.741 60.046 4.140 4.266 10.255 36.135 8.923
US $ 1.487 0.879 0.998 0.777 1.329 1.360 1.360 1.397 4.1150 6.795 83.940 6.566 3.673 14,220 71.237 109.570 8.564 52.792 3.640 3.751 9.016 31.770 7.845
SWISS FR 1.491 0.881 1.002 0.779 1.332 1.363 1.363 1.400 4.1249 6.812 84.142 6.581 3.682 14,254 71.408 109.833 8.585 52.919 3.649 3.760 9.038 31.846 7.864
STERLING £ 1.915 1.132 1.288 1.285 1.711 1.751 1.751 1.799 5.2985 8.750 108.081 8.454 4.729 18,310 91.725 141.083 11.027 67.976 4.687 4.829 11.609 40.907 10.101
CANADA $ 1.119 0.662 0.752 0.751 0.584 1.023 1.023 1.051 3.0961 5.113 63.156 4.940 2.763 10,699 53.598 82.440 6.443 39.721 2.739 2.822 6.784 23.903 5.902
BRUNEI $ 1.094 0.647 0.736 0.734 0.571 0.978 1.000 1.028 3.0268 4.998 61.742 4.829 2.702 10,460 52.399 80.594 6.299 38.832 2.677 2.759 6.632 23.368 5.770
SINGAPORE $ 1.094 0.647 0.736 0.734 0.571 0.978 1.000 1.028 3.0268 4.998 61.742 4.829 2.702 10,460 52.399 80.594 6.299 38.832 2.677 2.759 6.632 23.368 5.770
AUSTRALIA $ 1.064 0.629 0.716 0.714 0.556 0.951 0.973 0.973 2.9455 4.864 60.084 4.700 2.629 10,179 50.991 78.430 6.130 37.788 2.605 2.685 6.454 22.741 5.615
MALAYSIA RM 0.361 0.214 0.243 0.242 0.189 0.323 0.330 0.330 0.340 1.0000 1.651 20.399 1.596 0.893 3,456 17.312 26.627 2.081 12.829 0.885 0.911 2.191 7.721 1.906
100 CHINESE RMB 21.883 12.938 14.716 14.681 11.429 19.559 20.007 20.007 20.559 60.5570 1,235 96.621 54.049 209,265 1,048.334 1,612 126.029 776.900 53.567 55.193 132.684 467.531 115.444
100 BANGLAD’H TAKA 1.772 1.047 1.191 1.188 0.925 1.583 1.620 1.620 1.664 4.9023 8.095 7.822 4.376 16,941 84.867 130.534 10.203 62.893 4.336 4.468 10.741 37.848 9.346
100 DANISH KRONER 22.648 13.391 15.231 15.194 11.829 20.243 20.707 20.707 21.278 62.6750 103.50 1,278 55.940 216,584 1,085.00 1,669 130.44 804.07 55.44 57.12 137.32 483.88 119.48
100 UAE DIRHAM 40.487 23.938 27.227 27.162 21.146 36.187 37.016 37.016 38.038 112.0399 185.02 2,285 178.76 387,172 1,940 2,983 233.17 1,437 99.11 102.12 245.49 865.01 213.59
1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.010 0.010 0.010 0.0289 0.048 0.590 0.046 0.026 0.501 0.771 0.060 0.371 0.026 0.026 0.063 0.223 0.055
100 INDIA RUPEE 2.087 1.234 1.404 1.400 1.090 1.866 1.908 1.908 1.961 5.7765 9.539 117.832 9.217 5.156 19,962 153.810 12.022 74.108 5.110 5.265 12.657 44.598 11.012
100 JAPAN YEN 1.357 0.802 0.913 0.910 0.709 1.213 1.241 1.241 1.275 3.7556 6.202 76.609 5.992 3.352 12,978 65.015 7.816 48.181 3.322 3.423 8.229 28.995 7.160
100 NORWEGIAN KRONER 17.363 10.266 11.677 11.649 9.069 15.520 15.875 15.875 16.313 48.0500 79.347 980 76.665 42.887 166,045 831.819 1,279 616.445 42.504 43.794 105.280 370.971 91.601
100 PHILIPPINE PESO 2.817 1.665 1.894 1.890 1.471 2.518 2.575 2.575 2.646 7.7947 12.872 159.000 12.437 6.957 26,936 134.938 207.549 16.222 6.895 7.104 17.079 60.179 14.860
100 QATAR RIYAL 40.852 24.154 27.473 27.407 21.336 36.514 37.350 37.350 38.380 113.0495 186.683 2,306 180.374 100.901 390,661 1,957 3,010 235.275 1,450 103.036 247.698 872.801 215.514
100 SAUDI RIYAL 39.648 23.442 26.663 26.599 20.708 35.438 36.249 36.249 37.250 109.7187 181.183 2,238 175.060 97.928 379,151 1,899 2,921 228.343 1,408 97.054 240.400 847.085 209.164
100 SWEDISH KRONOR 16.493 9.751 11.091 11.065 8.614 14.741 15.079 15.079 15.495 45.6400 75.367 930.988 72.820 40.735 157,716 790.098 1,215 94.984 585.526 40.372 41.597 352.364 87.007
100 THAI BAHT 4.681 2.767 3.148 3.140 2.445 4.183 4.279 4.279 4.397 12.9525 21.389 264.212 20.666 11.561 44,759 224.227 344.885 26.956 166.171 11.457 11.805 28.380 24.692
100 HK$ 18.956 11.208 12.747 12.717 9.900 16.943 17.330 17.330 17.809 52.4558 86.622 1,070.020 83.695 46.819 181,270 908.090 1,397 109.169 672.968 46.401 47.809 114.934 404.986
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.
TUES DAY JAN UA RY 22, 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 1,690.50 90000 0.00 4.5
(+9.00) (+0.50) 3.78
(Unch)
4.75 96.5
1785 68000
3.5

1590 -8.50 88.0

46000
96.340
(+0.004) 2.5
1395 24000 -21.75 79.5

1200 2000 -35.00 71.0

1.5
Jan 4, 2010 Jan 18, 2019 Jan 4, 2010 Jan 18, 2019 Oct 2, 2006 Jan 21, 2019 Oct 1, 2000 Jan 18, 2019

KLCI futures close higher FBM KLCI futures US dollar nears 2-week high Klibor
with better cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
as Chinese growth slows MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contract on Bursa FBMKLCI 1,692.22 9.25 144.4M The US dollar held near a two-week high MAR9 96.22 — — —
JUN9 96.22 — — —
Malaysia Derivatives closed higher for the JAN 19 1,690.50 9.00 5,539 26,383 -50 yesterday, shrugging off concerns about SEP9 96.22 — — —
second consecutive day last Friday, in sync FEB 19 1,691.00 10.50 282 691 68
weakening global growth and data that DEC9 96.22 — — —
MAR 19 1,687.00 10.00 58 524 -2
with the positive underlying cash market. JUN 19 1,679.00 9.00 26 196 10
showed China’s economy slowed sharply MAR0 96.22 — — —
January 2019 and June 2019 ended TOTAL in 2018. JUN0 96.22 — — —
5,905 27,794 26
SEP0 96.22 — — —
nine points better at 1,690.5 and 1,679 Going into 2019, weakness in the US DEC0 96.22 — — —
respectively; February 2019 bagged 10.5 FUTURES JAN/FEB
ROLL OVER BID
0.0
OFFER
-0.5
CLOSE
0.0
dollar was a consensus view among currency MAR1 96.22 — — —
points to 1,691; while March 2019 earned 10 market traders. The bet was that the US JUN1 96.22 — — —
points to 1,687. Turnover decreased to 5,905 FUTURES FAIR VALUE central bank would stop raising interest SEP1 96.22 — — —
DEC1 96.22 — — —
lots from 6,325 lots last Thursday, while CONTRACT
JAN 19
DAYS TO EXPIRY
14
KLIBOR DIVIDEND FAIR VALUE
2.06 0.00 2.06
rates and the economy would slow after a MAR2 96.22 — — —
open interest narrowed to 27,794 contracts FEB 19 42 6.48 5.06 1.42 fiscal boost last year. JUN2 96.22 — — —
against 28,071 contracts previously. ROLL’S FAIR -0.63 But the greenback has enjoyed its first SEP2 96.22 — — —
The underlying benchmark KLCI closed weekly gain since mid-December, buoyed by DEC2 96.22 — — —
MAR3 96.22 — — —
9.25 points stronger to finish at the day’s hopes of a thaw in US-China trade tensions
JUN3 96.22 — — —
high of 1,692.22, boosted by positive market and stronger-than-expected US industrial SEP3 96.22 — — —
sentiment amid optimism over the US- production numbers. JAN-00 — — — —
China trade talk. The US dollar index was steady at 96.34 JAN-00 — — — —
An analyst said the FBM KLCI is set for a with total volume and liquidity picking up after climbing to 96.394 last Friday, its JAN-00 — — — —
TOTAL 0 0
rally this week, hitting the 1,700-point level, ahead of the Chinese New Year. — Bernama strongest since Jan 4. — 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 6400 0.700 155.00
200000
2,223
3450
(+28) 5075 121.25
1660 1,278.10
152500 0.2961 0.525 (-4.50)
(RM2,683/tonne) 53.66
(-0.14) 1340
2700 105000 3750 0.350 87.50

1950 2425 0.175 53.75 1020

57500
2,223
1200 (+28) 700
10000 1100 0.000 20.00
Jan 6, 2008 Jan 18, 2019 Apr 10, 2007 Jan 21, 2019 Aug 31, 2008 Jan 21, 2019
Jan 6, 2008 Jan 18, 2019

Palmoiljumpstonear3-month CPO futures Oil down as slowing China Commodities

toponsupportfromcrudeoil CONTRACT
FEB-19
LAST
2,142
CHANGE
21
VOLUME
3,143
OPEN CHANGE IN
INTEREST OPEN INTEREST
9,873 -726
economy undermines markets AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,223 28
RUBBER SEN/KG MRB 543.50 -2.00
MAR-19 2,190 23 5,886 33,328 -1,610
Malaysian palm oil futures jumped to a near Oil prices edged lower yesterday, echoing CORN USC/BSH CBOT 381.75 1.75
APR-19 2,223 28 14,116 64,098 878
SOYBEANS USC/BSH CBOT 916.75 9.00
three-month high last Friday, charting a MAY-19 2,249 27 5,632 42,417 481 a weaker tone on global stock markets after
WHEAT USC/BSH CBOT 517.75 0.48
second day of gains, buoyed by strong crude JUN-19 2,253 24 2,147 20,668 95 evidence that economic growth in China, LIVE CATTLE USC/IBS CME 127.38 0.48
oil prices and technical buying. CPO FUTURES CPO/SOYOIL the world’s second-largest crude consumer, COCOA US$/TON NYBOT 2,336 -33
The benchmark palm oil contract for April INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) eased in 2018. COFFEE USC/IBS NYBOT 108.35 2.80
FEB/MAR -48 -74.29
delivery on Bursa Malaysia Derivatives was FEB/APR -84 3 MONTHS AVERAGE -72.71
Brent crude oil futures were down 18 US SUGAR USC/IBS NYBOT 13.20 0.20
1.3% up at RM2,223 a tonne at the close. It FEB/MAY cents at US$62.52 a barrel, while US crude COTTON USC/IBS NYC 76.66 -0.13
-107 6 MONTHS AVERAGE -85.37
was earlier as high as RM2,228, its strongest MAR/APR -36 futures lost 14 US cents at US$53.66 a barrel. METAL & PRECIOUS METALS
TIN US$/TON KLTM 20,650 UNCH
levels since Oct 23. Palm oil is up 2.4% for SGS & ITS EXPORT ESTIMATES (TONNES) China’s 2018 economic growth slowed COPPER USC/IBS CMX 2.6885 -0.0305
the week, a second week of gains in three. SHIPMENT DAYS OCT’18 NOV’18 DEC’18 to the weakest in 28 years, data showed, at GOLD US$/TROY OZ CMX 1,278.10 -4.50
“Palm oil is up mostly on technical buying, 1 - 10TH DAYS 352/308 352/307 312/299 6.6% versus 6.8% in 2017. PLATINUM US$/TROY OZ NYMEX 800.20 -10.30
in addition to supportive crude oil prices,” 1 - 15TH DAYS 552/539 552/549 600/524
Although the slowdown was in line with PALLADIUM US$/TROY OZ NYMEX 1,316.10 -4.00
said a Kuala Lumpur-based futures trader. 11 -- 20TH DAYS
25TH DAYS
912/891
1,085/1,096
823/793
1,074/1,040
879/847
1,078/974
expectations and not as sharp as some SILVER USC/TROY OZ CMX 15.19 -0.16
Oil prices rose over 1% last Friday after a report FULL MONTH analysts had expected, the cooling of the ALUMINIUM RMB/TON SHF 13,545 120
1,428/1,394 1,241/1,250 1,340/1,273
ZINC RMB/TON SHF 21,140 250
from Opec showed its production fell sharply MALAYSIAN PALM OIL BOARD world’s No 2 economy casts a shadow over
last month, easing some fears about prolonged SEP’18 OCT’18 NOV’18 DEC’18 global growth. ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 53.66 -0.14
oversupply. Palm oil prices are impacted by PRODUCTION 1,854 1,965 1,845 1,808 “It remains quite likely that the trade HEATING OIL USC/GAL NYMEX 1.9019 -0.0066
movements in crude oil, as the vegetable oil is EXPORT STOCKS
1,619
2,541
1,571
2,722
1,375
3,007
1,383
3,215
spat with the US has played a part in this NATURAL GAS US$/MMBTU NYMEX 3.077 -0.162
used as feedstock to make biodiesel. latest slowdown,” CMC Markets chief market BRENT CRUDE US$/BBL ICE 62.52 -0.18
MPOB palm oil physical
In related oils, the US Chicago Board of analyst Michael Hewson said. — Reuters GAS OIL US$/TON ICE 573.75 -0.50
Trade March soybean oil contract slipped (IN RM/TON) JAN’19 FEB’19 MAR’19

0.03%, while the May soybean oil contract CPO DELD

PK EX-MILL
2,001.00 2,074.00 NO TRADE
1,450.00 NO TRADE NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
on the China’s Dalian Commodity Exchange CPKO DELD 3,042.00 NO TRADE NO TRADE Sen/Kg
Sen/Kg
(DCE) was up 1.1%. The DCE May palm oil RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
contract rose 2%. RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
Palm oil prices are impacted by RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 391.50 1475 543.50
(-1.00)
movements in soyoil rates, as they compete MPOB FFB REF PRICE (MILL GATE PRICE) (-2.00)

for a share in the global vegetable oil market. REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
Palm oil is biased to break a resistance NORTH 20.00% 412 19.00% 393 18.00% 373
at RM2,198 per tonne, and rise into a range SOUTH 20.00% 420 19.00% 400 18.00% 380
500 625
of RM2,227 to RM2,245, said Wang Tao, a CENTRAL 20.00% 416 19.00% 396 18.00% 376
Reuters market analyst for commodities and EAST COAST 20.00% 414 19.00% 395 18.00% 375 300 200
SABAH 22.00% 401 21.00% 383 20.00% 366 Jan 7, 2007 Jan 18, 2019 Jan 7, 2007 Jan 18, 2019
energy technicals. — Reuters SARAWAK 22.00% 406 21.00% 388 20.00% 370
 Markets
32 T UESDAY JAN UARY 22 , 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 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 1,692.22 9.25 FBM ACE 4,469.54 5.95 FTSTI 3,220.56 3.78 NIKKEI 20,719.33 53.26 HANG SENG 27,196.54 105.73 DOW JONES 24,706.35 336.25

The beginning is always today. Market movers

— Mary Wollstonecraft Shelley
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 ARMADA 584,993.5 0.060 37.50 0.220 — 1.07
('000) (%) (RM) (RM) (RM) (RM) SAPNRG 170,893.6 -0.005 -1.72 0.285 — 2.44
Index point
1694.0 ARMADA 584,994 37.50 0.060 0.220 0.235 0.165 SUMATEC 104,498.3 -0.010 -66.67 0.005 — 0.00
1692.7 1,690.50 SUMATEC 104,498 -66.67 -0.010 0.005 0.015 0.005 MYEG 65,500.1 -0.060 -5.61 1.010 50.95 1.59
(+9.00)
1691.4 BARAKAH 62,620 33.33 0.020 0.080 0.090 0.060 BARAKAH 62,619.8 0.020 33.33 0.080 — 0.00
1690.1 IRIS 50,421 3.45 0.005 0.150 0.160 0.145 NEXGRAM 59,732.9 UNCH UNCH 0.020 — 0.00
KLCI futures
1688.8 XINGHE 49,550 12.50 0.005 0.045 0.045 0.035 IRIS 50,421.1 0.005 3.45 0.150 — 0.00
HSI-H4X 27,719 -16.28 -0.070 0.360 0.390 0.360 XINGHE 49,549.6 0.005 12.50 0.045 — 0.00
1687.5
1686.2 KL Composite Index 1,692.22 TATGIAP-PA 26,983 11.11 0.005 0.050 0.050 0.045 KNM 37,955.5 0.010 12.50 0.090 — 0.00
(+9.25) VELESTO 23,915 7.32 0.015 0.220 0.225 0.205 ECONBHD 33,312.4 0.045 9.57 0.515 7.77 3.40
1684.9 ATURMJU-PA 22,914 0.00 0.000 0.035 0.040 0.020 TATGIAP 28,340.9 0.005 4.55 0.115 — 0.00
1683.6 HSI-C3W 22,199 25.00 0.055 0.275 0.275 0.250 HSI-H4X 27,718.6 -0.015 -4.00 0.360 — 0.00
1682.3 GAMUDA-C54 20,047 0.00 0.000 0.005 0.005 0.005 FGV 27,307.5 0.005 0.53 0.955 — 5.53
1681.0 HSI-H6A 18,976 -13.04 -0.030 0.200 0.215 0.195 TATGIAP-PA 26,982.5 0.005 11.11 0.050 — —
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
HSI-C5B 18,787 11.11 0.050 0.500 0.515 0.475 SEACERA 26,760.2 0.010 4.76 0.220 — 0.00
ICON 15,581 17.65 0.015 0.100 0.105 0.085 HIBISCS 25,774.3 0.005 0.52 0.975 5.25 0.00
Daily FBM KLCI SCOMI 15,051 20.00 0.010 0.060 0.065 0.050 VS 24,890.7 -0.020 -2.34 0.835 9.82 4.56
REACH-WA 14,903 14.29 0.010 0.080 0.085 0.070 VELESTO 23,914.9 0.015 7.32 0.220 — 0.00
HUBLINE 23,106.4 -0.005 -8.33 0.055 — 0.00
KL Composite Index Moving average - 20-day Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
PRTASCO 22,961.2 0.010 3.70 0.280 49.09 18.78
2030.0 traded for a particular counter on the previous trading day is more than triple the average volume for the
1,692.22 last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
(+9.25) market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5

1,677.50
KLCI rises 0.55% on UP
CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

US-China trade relief

1425.0 HEIM 20.600 0.420 CHINTEK 6.650 -0.250
CARLSBG 20.380 0.400 LYSAGHT 2.500 -0.200
UTDPLT 26.120 0.320 MUHIBAH 2.800 -0.190
1122.5
HTPADU 0.860 0.300 ATURMJU 0.465 -0.130
KUALA LUMPUR: The FBM KLCI closed 9.25 points or BAT 37.940 0.280 DRBHCOM 1.670 -0.120
820.0 0.55% higher to 1,692.22 for the second day running last TASEK 4.760 0.260 MFCB-WA 1.420 -0.120
Jan 2, 2008 Jan 18, 2019
Friday following a news report that the US President Donald PCHEM 8.600 0.200 AMWAY 5.800 -0.100
Trump administration is considering easing tariffs imposed AEONCR 15.980 0.200 APOLLO 3.800 -0.080
900 on Chinese imports. WPRTS 3.930 0.170 PANAMY 37.420 -0.080
MAYBANK 9.550 0.140 PHARMA 2.740 -0.070
TA Securities Holdings Bhd technical analyst Steven Soo
600 CVIEW 1.550 0.130 GENM 3.300 -0.070
said the market’s performance was boosted by the report TOPGLOV 4.860 0.130 HSI-H4S 0.355 -0.025
300 on the possible lifting by the US of the tariffs levied against
China. Top gainers and losers (ranked by percentage)
0 Soo said the rise in oil prices after Opec members

 
Volume (’mil) reported the biggest monthly drop in production in nearly UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
two years also served as a positive catalyst to the stock
FBM KLCI futures market. VIVOCOM-WE 0.010 100.00 ARMADA-C50 0.025 -83.33

CONTRACT SETTLEMENT CHANGE HIGH LOW

“Should the market sentiment improve from here, CENSOF-WB 0.010 100.00 FBMKLCI-H6G 0.005 -66.67
ARMADA-C49 0.020 100.00 SUMATEC 0.005 -66.67
JAN 19 1,690.50 9.00 1,693.50 1,684.00 the psychological resistant levels to watch are the 1,700 HSI-C3R 0.010 100.00 E&O-WB 0.005 -50.00
FEB 19 1,691.00 10.50 1,692.50 1,685.00 level, and this followed by 1,722 to 1,742 level,” Soo told ARMADA-C48 0.010 100.00 PADINI-CW 0.010 -50.00
MAR 19 1,687.00 10.00 1,689.00 1,680.50
theedgemarkets.com, adding that the key support level to GOCEAN-WA 0.010 100.00 HSI-H4O 0.035 -41.67
look at is 1,680. PCHEM-C20 0.040 60.00 AEM-WA 0.010 -33.33
FBM KLCI sensitivity* The Wall Street Journal reported last Thursday that US HTPADU 0.860 53.57 MALAKOFC16 0.040 -33.33

KLCI CHANGE CLOSE VOLUME Treasury Secretary Steven Mnuchin discussed lifting some POS-C27 0.015 50.00 FINTEC-WA 0.010 -33.33
POINTS (RM) (RM) ('000) MSPORTS 0.015 50.00 DRBHCOMC64 0.010 -33.33
PETRONAS CHEMICAL 2.53 0.200 8.600 6272.2
or all tariffs imposed on Chinese imports and suggested PCHEM-C23 0.030 50.00 DRBHCOMC67 0.020 -33.33
MAYBANK 2.45 0.140 9.550 7467.7 offering a tariff rollback during trade discussions scheduled IREKA-WB 0.015 50.00 HSI-H4P 0.125 -32.43
PUBLIC BANK 0.74 0.120 24.800 4592.4 for Jan 30.
TENAGA NASIONAL 0.72 0.080 13.680 3951.0 Some 3.05 billion shares worth RM 2.12 billion were Top gainers and losers - warrants (ranked by percentage)
DIALOG GROUP 0.71 0.080 3.120 7100.2 traded on Bursa Malaysia last Friday, with gainers leading
TOP GLOVE CORPORATION 0.53 0.130 4.860 22724.9 UP CHANGE DOWN CHANGE
PRESS METAL 0.31 0.050 4.450 1349.3
losers by 450 to 341, while 429 counters closed unchanged. CLOSE (%) CLOSE (%)
CIMB GROUP 0.30 0.020 5.670 4821.4 — by Justin Lim VIVOCOM-WE 0.010 100.00 ARMADA-C50 0.025 -83.33
HARTALEGA 0.26 0.050 5.300 12923.5
World equity indices CENSOF-WB 0.010 100.00 FBMKLCI-H6G 0.005 -66.67
MISC 0.21 0.030 6.630 908.5 ARMADA-C49 0.020 100.00 E&O-WB 0.005 -50.00
PETRONAS GAS 0.19 0.060 17.780 1725.1 CLOSE CHANGE CLOSE CHANGE HSI-C3R 0.010 100.00 PADINI-CW 0.010 -50.00
AMMB -0.14 -0.030 4.500 2664.1
DOW JONES 24,706.35 336.25 INDONESIA 6.450,83 2.68 ARMADA-C48 0.010 100.00 HSI-H4O 0.035 -41.67
GENTING -0.18 -0.030 6.790 10248.4
S&P 500 2,670.71 34.75 JAPAN 20,719.33 53.26 GOCEAN-WA 0.010 100.00 AEM-WA 0.010 -33.33
IOI CORPORATION -0.30 -0.030 4.640 2661.3
NASDAQ 100 6,784.61 66.16 KOREA 2,124.61 0.33 PCHEM-C20 0.040 60.00 MALAKOFC16 0.040 -33.33
SIME DARBY -0.43 -0.040 2.300 4826.4
FTSE 100 6,968.33 133.41 PHILIPPINES 8,047.12 119.92 POS-C27 0.015 50.00 FINTEC-WA 0.010 -33.33
GENTING MALAYSIA -0.66 -0.070 3.300 10393.5
AUSTRALIA 5,890.40 10.80 SINGAPORE 3,220.56 -3.78 PCHEM-C23 0.030 50.00 DRBHCOMC64 0.010 -33.33
SUB-TOTAL 7.24
CHINA 2610.51 14.50 TAIWAN 9,889.40 53.34 IREKA-WB 0.015 50.00 DRBHCOMC67 0.020 -33.33
OTHERS 2.01
HONG KONG 27,196.54 105.73 THAILAND 1.588,38 4.61 MRCB-C32 0.015 50.00 HSI-H4P 0.125 -32.43
GRAND TOTAL 9.25
INDIA 36,578.96 192.35 VIETNAM 948,18 6.37 SP500-CH 1.060 37.66 MALAKOFC18 0.065 -31.58
* How stock price changes affected the index on the previous trading day

Published by The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia.
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