FBM KLCI 1568.44 4.86 KLCI FUTURES 1568.00 5.00 STI 3194.71 20.52 RM/USD 4.1580 CPO RM2855.

4.1580 CPO RM2855.00 40.00 OIL US$64.39 1.00 GOLD US$1462.50 17.80
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM2.00

MONDAY DECEMBER 9, 2019 ISSUE 3026/2019

Vell Paari

FINANCIAL
wants court
to order
mental
check

DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
on Samy
Vellu
9 HOME

2 PHOTO BY PATRICK GOH

AG confirms appeal
withdrawal in Rafizi
case, clarifies did
not discuss matter
with EC chairman
3 HOME BUSINESS

Foreign ownership
of MGS, GII at
13-month high
4 HOME BUSINESS

Axis REIT hungry

for more assets
5 HOME BUSINESS

Investors would
need to be ‘patient’
with Inari — analysts
CCC-ECRL
7 HOME BUSINESS

Golden years over

TO RAMP UP
for Latitude Tree CONSTRUCTION WORK IN 1Q
18 W O R L D Thee company is on a recruitment drive to prepare for
Th
Thousands rally more activities ahead. Justin Lim has the story on Page 3.
in Hong Kong

Islamic finance can help world shift

from shareholder to stakeholder capitalism
12 COMMENT
Sultan Nazrin Shah
2 M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

For breaking news updates go to

www.theedgemarkets.com

ON EDGE T V
www.theedgemarkets.com
Amazon expresses AG confirms appeal
withdrawal in Rafizi
case, clarifies did
desire to work more not discuss matter
with EC chairman
LGE comes out
to clarify debt
position
with Pentagon KUAL A LUMPUR : Attor-
ney-General (AG) Tan Sri Tom-
my Thomas has reiterated that
the chambers will withdraw the
appeal against former Pandan
member of Parliament Rafizi
Bezos: We are going to support the US Department of Defense Ramli, which he said was done
without his consent.
He also clarified that he had
BY M IKE STONE not discussed the matter with
Election Commission (EC)
SIMI VALLEY, California: Amazon. Bezos: If big tech is turning chairman Azhar Azizan Harun.
com Inc founder Jeff Bezos said it their back on the Department “Yes, I did not speak to him
would support the US Department of Defense, this country is in big (Azhar) about it,” he said to
of Defense as technology compa- trouble. Photo by Reuters clear the air on what he had
nies vie for more defence contracts told the www.theedgemarkets.
and the Pentagon seeks to mod- com last Friday.
ernise itself. “As for the appeal against
“We are going to support the De- the acquittal, we are definitely
The Edge Communications Sdn Bhd partment of Defense, this country going to withdraw it,” he added.
(266980-X)
Level 3, Menara KLK, No 1 Jalan PJU 7/6, is important,” Bezos said at an an- The Shah Alam High Court
Mutiara Damansara, 47810 Petaling Jaya, nual defence forum at the Reagan had, on Nov 15, acquitted and
Selangor, Malaysia Library here. discharged Rafizi after overturn-
Technology (tech) companies ing his conviction last year of
have faced challenges when trying guidance on what projects they rival bidder Microsoft Corporation. revealing bank accounts related
Publisher and Group CEO Ho Kay Tat to work with the Pentagon. Last would and would not do. Amazon had been considered to the National Feedlot Corpo-
EDITORIAL
year a defence programme, named “My view is that if big tech is a favourite for the Joint Enterprise ration and its chairman Datuk
For News Tips/Press Releases Project Maven, set off a revolt, as turning their back on the Depart- Defense Infrastructure Cloud con- Seri Dr Mohamed Salleh Ismail.
Tel: 03-7721 8219 Fax: 03-7721 8038 some employees opposed Google ment of Defense, this country is in tract, part of a broader digital mod- Last Friday, Rafizi’s lawyers
Email: eeditor@bizedge.com technology being used in warfare. big trouble,” Bezos said. ernisation project at the Pentagon, Nik Zarith Nik Moustpha told
Editor-in-Chief Azam Aris Those employees said it clashed Amazon had competed to pro- before software developer Microsoft reporters he was notified via
Executive Editors Ooi Inn Leong, with Google’s stated goal of doing vide cloud computing capabilities emerged as the surprise winner. email by the Attorney General’s
Kathy Fong, Jenny Ng, Diana Khoo no harm and cited risks around us- to the Pentagon. Amazon has previously said that Chambers that it would be filing
Senior Editors Cindy Yeap, ing a nascent artificial intelligence But last month the company filed politics got in the way of a fair bid- an appeal against the acquittal.
Jose Barrock, Kang Siew Li, Joyce Goh
Associate Editors R B Bhattacharjee, technology in lethal situations. a lawsuit in federal court contesting ding process. Bezos, the chief exec- This prompted Rafizi to criticise
Vasantha Ganesan, Adeline Paul Raj While Bezos said he supported the Department of Defense’s Sep- utive officer of Amazon and owner Thomas, who expressed shock
Deputy Editor Tan Choe Choe employees having passionately held tember decision to award a cloud of the Washington Post, has been that the appeal was filed as it
Assistant Editors Khairie Hisyam views, he said it was up to the sen- computing contract worth up to an outspoken critic of US President was already decided that there
Aliman, Kanagaraju S Sithambaram
Chief Copy Editor Felyx Teoh ior leaders of companies to provide US$10 billion (RM41.6 billion) to Donald Trump. — Reuters would be no appeal.
Assistant Chief Copy Editor
Melanie Proctor
Associate Copy Editor Teoh Hock Siew

Britain’s Tesco reviews Dr M says unaware of any talks about

Copy Editors Tham Kid Cheng,
Tham Yek Lee
Art Director Sharon Khoh
Chief Graphic Designer Cheryl Loh FGV stake sale to Syed Mokhtar
Design Team Valerie Chin,
Mohd Yusry, Aaron Boudville,
Aminullah Abdul Karim,
Thai, Malaysian business LANGKAWI: Prime Minister Tun
FGV has incurred
for possible sale
Noorain Duasa, Tun Mohd Zafian Dr Mahathir Mohamad said he
Mohd Za’abah was not aware of any discussions exceptionally high
on a third-party acquisition of losses. Usually if a
EDITORIAL ADMINISTRATION
FGV Holdings Bhd (FGV) stakes
Manager Katherine Tan
Senior Coordinator Maryani Hassan LONDON: Britain’s biggest super- an evaluation of a possible sale of as alleged by a Pakatan Harapan company incurs losses,
market chain Tesco said yesterday these businesses.” leader yesterday. it closes down or sells
CORPORATE
Chief Operating Officer
it had started a review of its busi- It said the evaluation was at an He said if at all discussions to another company.
Lim Shiew Yuin nesses in Thailand and Malaysia, early stage and “there can be no took place, it would have in-
including looking at a possible sale. assurance that any transaction will volved Felda and the alleged par-
ADVERTISING & MARKETING Celebrating its 100th anniversa- be concluded.” ty, namely businessman Tan Sri
To advertise contact ry, Tesco is five years into a recovery “A further announcement will Syed Mokhtar Albukhary, and we don’t sell Malaysia.
GL: (03) 7721 8000
Fax: (03) 7721 8288 plan launched after an accounting be made if and when appropriate,” does not involve the government. “I don’t know if Felda wants
Chief Commercial Officer scandal capped a dramatic down- Tesco added. “If there was a discussion, to sell or not. But when it comes
Sharon Teh (012) 313 9056 turn in trading. In June, Tesco said it was well probably it was between Felda to selling government proper-
General Manager Tesco said in a statement that placed to grow in Asia, particu- and Syed Mokhtar. It is Felda’s job ty we have always been doing it.
Fong Lai Kuan (012) 386 2831
Senior Sales Manager “following inbound interest, it has larly in Thailand, where it sees an not mine,” he told reporters after The thing is, we have a lot of land
Gregory Thu (012) 376 0614 commenced a review of the stra- opportunity for 750 new conveni- officiating the opening of Jakel’s which we are unable to develop,
Head of Marketing Support & Ad Traffic tegic options for its businesses in ence stores over the “medium term”. new branch here, yesterday. so if people want to buy, want to
Lorraine Chan (03) 7721 8001 Thailand and Malaysia, including — Reuters He was asked to comment on develop, I guess it is OK,” he said.
Email: advertising@bizedge.com
the allegation by Amanah central Commenting further, the prime
OPERATIONS committee member Datuk Mazlan minister said it was common prac-
To order copy Aliman who raised the issue while tice in the world of business for
Tel: 03-7721 8052 / 8050 / 8037 delivering a winding-up speech at any company to be sold to another
Fax: 03-7721 8282
Email: hotline@bizedge.com the 2019 Amanah National Con- party in the event of a loss.
vention in Shah Alam yesterday. “FGV has incurred exceptional-
Asked further on the allegation, ly high losses. Usually if a compa-
Dr Mahathir said he was also un- ny incurs losses, it closes down or
Managing Director/Editor-in-Chief sure if Felda really intended to sell sells to another company,” he said.
Au Foong Yee
Executive Editor Sharon Kam
part of its stakes in FGV (formerly When it was established the
Assistant Editor Tan Ai Leng Felda Global Ventures Holdings FGV shares were priced at more
Bhd), but would not object should it than RM4 but now it is only at
MARKETING & ADVERTISING benefit Felda and the government. more than RM1, thereby caus-
Associate Account Director,
Advertising & Marketing
“If just giving I’ll oppose, but ing huge losses to Felda settlers
Heidee Ahmad (019) 388 1880 if selling a lot of money will be who had taken bank loans to buy
made for the government. The the shares, said the prime minis-
PRODUCT DEVELOPMENT
& CUSTOMER ADVISORY Filepic of a Tesco store in Malaysia. Tesco says there can be no assurance that any government wants money. What ter, adding that the government
Senior Manager Elizabeth Lay transaction will be concluded. The Edge file photo we can sell, we sell. As long as should help them. — Bernama
MONDAY DEC E MBE R 9 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 3

Foreign ownership
of MGS, GII at
13-month high
BY ARJ U N A C H A N D R A N S H A N K A R foreign shareholding since October
2018. Foreign ownership of MGS
KUALA LUMPUR: Malaysia’s debt and GII declined by RM400 million
market in November recorded a in October to RM169.1 billion, or
net foreign inflow of RM6.5 bil- 22.2% of total outstanding.
lion — versus a net outflow of “By individual instrument, for-
RM1 billion in October — which eign holdings of MGS jumped to
pushed foreign ownership of Ma- RM158.4 billion or 40.5% of total
laysian Government Securities outstanding (from RM153.8 bil-
(MGS) and Government Invest- lion or 37.9% in October), while
ment Issues (GII) to its highest that of GII increased to MYR18.4
since October 2018. billion or 5.4% of total outstand-
The inflow was driven by hefty ing (from RM15.4 billion or 4.7%
foreign purchases of debt securi- in October). Year to date, foreign
ties in the month that amounted investors bought RM11.8 billion
to RM8 billion, in contrast to the worth of Malaysian debt securi-
RM500 million sold in October, ties in January-November 2019,
UOB Malaysia senior economist snapping a two-year streak of debt
Julia Goh and her colleague, outflows (January-November 2018:
economist Loke Siew Ting, wrote -RM19.6 billion; January-Novem-
The mega rail project ECRL is targeted for full completion by end-2026. Photo by Patrick Goh in a note last Friday.And all types ber 2017: -RM10.6 billion),” wrote
of Malaysian debt securities, ex- Goh and Loke.
cept for treasury bills, garnered “The return of foreign portfo-
increased foreign buying inter- lio inflows last month was in line

CCC-ECRL to ramp
est, the duo noted, with MGS the with the portfolio inflow trend in
biggest beneficiary, attracting emerging markets (EMs). A total
RM4.7 billion of foreign pur- of US$20.3 billion foreign money
chases, in contrast to the RM400 flowed into EMs, particularly debt
million sold in October. “This securities, for the third straight

up construction
was followed by GII (November: month in November (October:
RM3 billion; October: RM50 mil- US$24.9 billion),” they said. How-
lion) and private debt securities ever, foreign investors continued
including private sukuk (Novem- to shy away from Malaysian equi-
ber: RM400 million; October: ties, they noted, with foreigners

work in 1st quarter

RM200 million). Treasury bills, cutting their holdings by RM1.5
however, continued to record billion in November, after trim-
foreign selling, albeit moderate, ming RM500 million in October.
for the second month by RM90 “This brought year-to-date for-
million (October: -RM300 mil- eign selling of Malaysian equities
lion),” the duo wrote. to RM9.9 billion in January-No-
The return of overseas in- vember 2019 (versus –RM10.7 bil-
vestors’ interest caused foreign lion in January-November 2018).
Company on recruitment drive to prepare for more activities ahead ownership of MGS and GII to Accordingly, foreign ownership of
surge by RM7.7 billion — the Malaysian equities dropped fur-
most in 26 months — to RM176.8 ther to a 32-month low of 22.6%
BY J UST I N LI M quarter next year. So, the subcon- completion by March in 2022. billion in November, which is of total market capitalisation last
tracts are likely to be awarded by “Currently, there are over 100 equivalent to 23.4% of total out- month (from 22.7% in October),”
KUANTAN: Construction activities then,” he added. workers involved in the construc- standing, marking the largest they added.
for the 640km East Coast Rail Link Cheah expects manpower will tion of the tunnel. They are from
(ECRL), which passes through five double up to 1,400 people, includ- mainland China, Malaysia and
states, will be ramped up soon in ing workers hired by subcontrac- some other countries. We are ex-
Pahang. Jobs for the subcontracts tors, from 700 currently. pecting to increase 30 more work- Foreign holdings of Malaysian bonds and equities
are expected to be awarded in the Cheah said the ECRL project ers soon,” Lei said. RM billion Total net purchases (cumulative since Dec 2016)
first quarter of next year. has embarked on a four-day re- However, he noted that the site
Net purchases of Malaysian debt securities
According to China Communi- cruitment roadshow at the East is currently facing some challeng-
20 Net purchases of equities
cations Construction (ECRL) Sdn Coast Mall in Kuantan, Pahang. es. The year-end rainy season has
8.02 billion
Bhd’s (CCC-ECRL) authority and According to him, the roadshow resulted in tunnel rocks being un- 0
community liaison manager for has received some 7,000 online stable, hence increasing the diffi- -1.5 billion
ECRL section six, Satnam Singh registration from job applicants culty in excavation work and the -20
Ajit Singh, the construction works so far and they are going through risk of a landslide.
will pick up at section six, which the pre-screening process. Following the relaunch of the -40
-36.2 billion
covers the most parts in Pahang. “At this moment, our focus is ECRL project in July, the engi-
The section six, which is 140km, still very much on civil part, so neering procurement construc- -60
has four stations, 21 tunnels and 37 we need civil engineers, espe- tion commissioning contractor, 2017 2018 2019
bridges. The total distance for the cially those who have worked in has prioritised the works on its Source: Macrobond, UOB Global Economics & Markets Research
21 tunnels is 9.55km and 26.4km the construction sector, which tunnels along the proposed align-
for all bridges had involved in works such as ment from Dungun to Mentakab
In a media briefing by CCC- building bridges and highways,” in a bid to propel the construction
ECRL, Satnam said it will be a crit- said Cheah. of the RM44 billion rail network. Quarterly flows into Malaysian equities and bonds
ical period starting as early as the Apart from the civil engineers, One of the prime focuses RM billion Foreign bond flows
first quarter next year as construc- Cheah is looking to hire skilled would be the preparatory works Foreign equity flows
tion activities pick up. workers such as site supervisors. for 14.13km tunnels in 23 loca- 30
To meet rising manpower de- The longest tunnel along the tions, which are situated within 20
mand, CCC-ECRL’s human re- 223km stretch between Dungun Dungun to Mentakab alignment, 10
sources administration manager in Terengganu and Mentakab in where no rail alignment changes 0
for ECRL section 6, Cheah Chee Pahang is currently 3.5% or 100 were made after the negotiation. -10
Yuan, told The Edge Financial Daily metres completed since the con- To recap, the cost of the mega -20
the company is currently prepar- struction work has resumed in July rail project ECRL has been slashed -30
ing preliminary works for section this year. Prior to suspension in to RM44 billion from RM65.5 bil- -40
six, including building access road 2018, about 22 metres had been lion originally when it was revived 1Q 3Q 1Q 3Q 1Q 3Q 1Q 3Q
to the site. completed. in April this year. The project is 2016 2017 2018 2019
“The actual [construction] work According to tunnel engineer targeted for full completion by Source: Macrobond, UOB Global Economics & Markets Research
is targeted to commence in the first Lei A Li, the tunnel is on track for end-2026.
4 HOME BUSINESS M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

Axis REIT hungry for more assets

The trust has already announced seven acquisitions this year
BY TAN XU E Y I N G warehouse logistics (44% of NLA)
Axis REIT and manufacturing facilities (31%),
KUALA LUMPUR: Axis Real Estate Net property income DPU with the rest being offices, hyper-
Investment Trust (REIT) is in talks markets, and other industrial types.
(RM ’000) (sen)
with several parties on buying more The trust’s footprint can be traced
Leong: We are 200,000 10
assets, a clear indication that it does in Selangor (54.7%), Johor (26%),
not intend to slow down in its acqui- always combing 8 Penang (7.9%), Pahang (5.3%), Negeri
150,000
sition spree. through the Sembilan (4.6%), and Kedah (1.5%).
This is despite the trust having market for 6 For the third quarter ended Sept
100,000
completed developments and ac- potential 4 30, 2019, Axis REIT’s net property
quisitions worth over RM600 million acquisitions, 50,000 income (NPI) rose 1.8% on year to
over the past two years, bringing its particularly 2 RM47.87 million from RM47.03 mil-
total assets managed to more than warehouses and 0 0 lion, after adding three more proper-
RM3 billion. manufacturing ties to its portfolio during the period.

FY15
FY16
FY17
FY18
9MFY19*
“We are looking at other acquisi- facilities in our Total income increased by 2.9% to
tions,” Axis REIT Managers Bhd chief core areas. The RM53.86 million.
executive officer-cum-executive di- Edge file photo *Based on available For the cumulative nine-month
information as at Sept 30, 2019
rector Leong Kit May told The Edge Source: Company
period, the REIT’s NPI rose 13.2% to
Financial Daily. RM144.52 million from RM127.65
“We are always combing through million for the year-ago period, as
the market for potential acquisitions, On the private placement under- total trust income grew 11.7% to
particularly warehouses and manu- taken by Axis REIT, involving up to RM161.83 million from RM144.89
facturing facilities in our core areas 37.12 million new units or a 3% stake million. Property income rose to
... We will share more details once Axis REIT is also currently un- there is enough in the logistics space in the Employees Provident Fund or RM160.95 million versus RM144.34
we sign the letter of offer,” she said. dertaking a RM15.8 million built-to- in Malaysia to keep the trust occupied Retirement Fund Inc, Leong said million previously.
Leong stressed that there is still suit development of a single-storey locally for the time being. it would raise RM63.84 million, of Hong Leong Investment Bank
very strong demand for industrial warehouse facility with office space “I think our core focus will still be which RM63.14 million will be used Research analyst Nazira Abdullah
properties in Malaysia, especially for Federal Express Services (M) Sdn very much Malaysia. For overseas, we to repay borrowings to make way for expects Axis REIT to report better
warehouses and manufacturing fa- Bhd in Batu Kawan, Penang. have to consider many other factors future acquisitions. fourth quarter results with the full
cilities. This will help boost the trust’s including its operating environment, This follows its first tranche of quarter contribution from its newly
“Looking at these two types of portfolio, which as at end-September political stability and exchange rates general mandate placement of 13% acquired properties in Batu Kawan
industrial properties, I think current consisted of 47 properties measuring being the key factor,” she explained. of its total issued units completed and Nusajaya, which were complet-
demand is very strong. For warehous- 9.5 million sq ft in net lettable area Leong said Axis REIT expects its in October 2019 that helped raise ed in the third quarter. The research
ing, it is because of the growth in the (NLA) with an average occupancy seven acquisitions to be complet- RM273.63 million for the same pur- house has a “buy” call on Axis REIT
e-commerce space, while manufac- rate of 92%. Net yield stood at 7.9%. ed by the first half of 2020 and help pose. Axis REIT’s total bank financ- with a target price of RM2.03. Units
turing itself is a very resilient sector,” According to Leong, 1.64 million contribute to its earnings thereafter. ing as at end-September stood at in Axis REIT settled unchanged at
she said. or 17.28% of the 9.5 million sq ft in “We don’t give earnings guidance RM1.19 billion. RM1.76 at last Friday’s closing.
Axis REIT had announced seven NLA are due for lease renewal next but overall, if you track our perfor- “The placement was to de-gear. “Our valuation is based on FY20F
acquisitions this year – all of them year. Despite the deadline, nearly one- mance, you will see that our earn- What it provides is a war chest. We (financial year 2020 forecast) divi-
industrial properties – valued at a third of the 1.64 million sq ft space has ings will continue to be very stable needed to reduce our gearing from dend per unit on targeted yield of
total of RM288.3 million. They are been renewed so far this year. in growing. this point onwards to have headroom 4.7%, which is derived from one
located in Shah Alam and Klang in “As for the space that is coming “This is because of the combina- for future acquisitions,” Leong said. standard deviation below two-year
Selangor, Nilai in Negeri Sembilan, up [for renewals] this year, it is al- tion of completed acquisitions and Post-completion, the trust’s gear- historical average yield spread be-
Kota Kinabalu in Sabah, Bayan Lepas most close to 90% renewed … We the ones that are coming on stream. ing will be reduced to 29% from 40% tween Axis REIT and 10-year Ma-
in Penang, and Nusajaya in Johor. have registered a quite high space At the same time, in terms of our or- previously, before rising again to laysian Government Securities yield.
“The seven acquisitions that we renewal rate by existing and new ganic growth on the existing portfolio 35.8% with the completion of its sev- “We like Axis in view of increased
lined up are still very much for ware- tenants,” she said, adding that the of 47 properties, we have registered en acquisitions lined up, still well popularity in industrial properties,
housing and manufacturing. With trust has a stable weighted average positive rental reversions of close to below the regulatory limit of 50% high occupant tenancy in its diver-
that, the percentage of those [facili- lease expiry of six years. 3% in the first nine months of this for Malaysian REITs. sified portfolio and also one of the
ties] should also further strengthen Asked if Axis REIT is looking to year,” said the 43-year old certified As at end-September, Axis REIT’s few syariah-compliant REITs,” the
[when completed],” Leong said. expand overseas soon, Leong said accountant. trust’s portfolio consisted mainly of analyst added.

Hibiscus Petroleum to spend RM1b as capex from 2019 to 2021

BY JU S T IN L I M RM179.4 million as at Sept 30. stake in Marigold, so it will get half in the field, Hibiscus Petroleum will it has climbed 19.7% from when it
Noting that its Marigold field has of the field’s daily production. need to fork out at least half of that, was trading at US$53.80.
KUALA LUMPUR: Hibiscus Petrole- received a “letter of no objection” Pereira said the successful oil pro- which is US$125 million. Last month, Hibiscus Petrole-
um Bhd has set aside US$250 million from the UK government in October, duction in Marigold field is important Hence, Pereira said the group is um announced that its net profit
(RM1.04 billion) as capital expendi- the group can now proceed with pre- for Hibiscus, as this will help the group planning to selldown the stake in for the first quarter ended Sept 30,
ture (capex) from this year until 2021 paratory works for the field. move closer to its target of producing Marigold to 35% from 50% current- 2019 (1QFY20) slumped 83.77% to
for three oil and gas fields, according “The preparatory works for Mar- 20,000 barrels of crude oil per day by ly, which will get them some cash. RM16.23 million from RM100 million
to its managing director Dr Kenneth igold field mostly comprise of front- 2021. It currently produces over 8,000 “Then, we will borrow some mon- the year before, as it recorded lower
Gerard Pereira. end engineering design and soil barrels per day (bpd) — 3,000 bpd ey for Marigold’s development in contributions across all three of its
The three fields are: North Sabah studies,” Pereira said, adding, “all from the Anasuria Cluster and more 2021. By that time, we will put in operations in Sabah, the Anasuria
(the capex covers 2019, 2020 and of these [preparatory works] will than 5,000 bpd from North Sabah. a floating production, storage and Cluster, and Australia.
2021), the Anasuria Cluster (2019 and help us to get the field development Prior to this, the group had esti- offloading vessel for production [for Revenue more than halved to
2021) and Marigold (2020 only). The plan [approved] by December 2020.” mated that the target would be met Marigold], and that is quite a big de- RM159.30 million from RM359.96
last two fields are located in the UK. These preparatory works are also by 5,000 barrels from Anasuria clus- velopment,” he said. million, due to planned shutdown
Pereira said the capex will be expected to help the group achieve ter, 7,000 barrels from North Sabah, On the group’s prospects for the of its facilities in North Sabah and
spent on well drilling activities at its aim of producing first oil by 2021 and the remainder 8,000 barrels from current financial year ending June 30, Anasuria cluster for maintenance,
North Sabah and the Anasuria Clus- from the Marigold field, which is new producing assets. 2020, (FY20), Pereira said the group or what it calls offshore plant turn-
ter, while Marigold will mostly see able to deliver between 15,000 and wants to ensure its oil production arounds.
spending for development works. 20,000 gross barrels of crude oil per US$250 million more needed for numbers are good. It is also hoping Hibiscus Petroleum shares closed
Of the total capex, US$170 million day and is expected to be productive Marigold from 2021 onwards that oil prices will remain strong, so one sen or 1.12% lower at 88.5 sen
will come from internal funds, while for 10 years. At this junction, its gross The development of the Marigold that the group can deliver a set of last Friday, with a market capitali-
the remainder will be funded by bank reserves are estimated at 60 million field needs an additional US$250 “good results”. sation of RM1.41 billion.
borrowings. The group, at present, barrels of oil reserves. million from 2021 onwards, said Brent crude oil was trading at In the past one year, the stock has
is debt free, with a cash balance of Hibiscus Petroleum holds a 50% Pereira. Based on its current interest US$64.39 last Friday. Year to date, retreated 12.38%.
MONDAY DEC E MBE R 9 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 5

Investors would need

to be ‘patient’ with Inari
This comes as smartphone demand drops, with global sales expected to fall 2.5%
BY S UPR I YA SU REND RA N An analyst with a local invest- Inari Amertron Bhd a TP of RM2.14, indicating an up-
ment bank told The Edge Financial Inari Amertron Bhd’s side of 15% to its close last Friday.
KUALA LUMPUR: Investors eyeing Daily that investors eyeing Inari profit after tax RM “We maintain our ‘buy’ rating
2.20
Inari Amertron Bhd would have to would need to stomach its current with a higher target price of RM2.14
(RM ’000)
be patient if they want to see the hefty valuations — at over 30 times based on a higher target PER mul-
1.98
same kind of returns that the stock price-earnings ratio (PER) — at tiple of 24 times ... as we take into
RM1.86
has delivered in the past. least till the commercialisation of account the improved investor sen-
The evolvement and technolog- the fifth-generation (5G) technol- 1.76 timent and appetite for the sector.
ical advancements of the smart- ogy in mobile devices takes place. “The higher PER multiple is jus-
phone over the past few years had “In the past, consensus has been 1.54 tified by the likely stronger earnings
150,248

147,091

228,631

260,130

192,347
helped to boost the earnings of the overly bullish on the stock and right growth profile ahead, fuelled by the
group, which provides outsourced now, we think the market is pricing 1.32 5G technology transition,” the firm
semiconductor assembly and test in a recovery for Inari that has not said in a note.
services for radio frequency (RF), even begun. 1.10 From the perspective of a fund
fibre optic transceivers, optoelec- “However it should be noted that 2015 2016 2017 2018 2019 manager, Areca Capital chief ex-
Dec 6, 2018 Dec 6, 2019
tronics and sensors. though the long-term outlook for ecutive officer Danny Wong Teck
This in turn had led to higher Inari remains promising, patience is Meng said high valuations for sem-
returns for its shareholders — with needed from investors because it will which is 25% lower than Inari’s clos- Hong Leong Investment Bank iconductor players are justifiable
the share price up by almost five take time for the commercialisation ing share price of RM1.86 last Friday. Research (HLIB Research) said In- as they need to be at the forefront
times, from 49 sen on Dec 16, 2014 of 5G technology, which is expected At RM1.86, the company’s market ari has guided that its short-term in terms of innovation.
to RM2.43 on Aug 9, 2018. to happen somewhere in the second capitalisation stood at RM5.9 billion. outlook is clouded by geopoliti- “It is different compared to say,
However, as latest reports from half of 2020 or even 2021 — to have a AmInvestment Bank Research cal events including the ongoing those who provide test equipment
Gartner Inc would tell you, the de- serious impact on Inari’s earnings,” in its Nov 27 note on Inari reiter- US-China trade war. and precision cleaning who are not
mand for smartphones has been an analyst with a local investment ated that 5G deployment remains HLIB Research has a “sell” call so impacted by things like the trade
waning, with global smartphone bank told The Edge Financial Daily. a crucial barometer of Inari’s RF on Inari, with a target price (TP) of war, as testers for the semi-con-
sales expected to contract by 2.5% JPMorgan in a Nov 28 note said segment growth. RM1.39, as the firm believes that ductor industry are always need-
this year. it is also of the view that the mar- “We like Inari for its longer term its share price has run ahead of its ed whether in times of high or low
Inari, too, has seen a slowdown ket is packaging lofty expectations prospects, arising from its involve- fundamentals. volumes.
in its earnings. For its first financial for Inari. ment in the production of RF, which “This is the fifth consecutive “But for semiconductor players,
quarter ended Sept 30, 2019, Inari “We anticipate RF revenues to will benefit from the transition to quarterly earnings disappointments innovation is the name of the game
reported a 20.6% year-on-year de- grow and find softness in its opto- 5G and rising content per device, [from Inari] and RF demand may as they need to invest in research
cline in net profit to RM47.7 million, electronics [segment] to be well un- laser devices which will be boost- falter into early 2020. Besides that, and development to meet the re-
which the group said was because derstood. However, the stock seems ed by increasing biometric and the threat of its RF product being quirements of suppliers and [to stay
of a change in product mix, higher to be pricing in aggressive growth augmented reality applications substituted is a major risk. Thus, ahead of competition], hence their
depreciation costs, lower foreign expectations driven by the launch in smartphones and LED which we opine that its huge valuation higher PER is justifiable,” said Wong.
exchange and an increase in taxa- of 5G, and this has underpinned rides on the increasing demand for premium against its peers is not Other tech stocks such as Un-
tion compared to the correspond- Inari’s year-to-date rally [whereby high-resolution billboards in shop- justifiable,” the research house said. isem (M) Bhd and Globetronics
ing period. its share price has appreciated by ping malls,” the research house said. However, there are some who Technology Bhd are a trading at
At its current share price of 25%],” the firm said. AmInvestment Bank Research are more sanguine about Inari’s 39 times and 27 times their earn-
RM1.86, Inari is trading at 32 times JPMorgan has an “underweight” has a “hold” call on Inari, with a prospects. Affin Hwang Capital for ings, respectively, according to
its earnings. call on Inari, with a TP of RM1.40, fair value of RM1.76. one has a “buy” call on Inari with Bloomberg.

Quill City Mall lines up new tenants, sees brighter days ahead
BY VASA N T HA GA N ESA N area (NLA) of 777,967 sq ft, opened provide entertainment, education up, Koong said the mall is “defi- originally undertaken by RHB Dae-
its doors five years ago. and an experiential learning envi- nitely not closing.” In fact, he ex- woo Sdn Bhd and subsequently
KUALA LUMPUR: Quill City Mall, “Our game plan has changed. ronment. pects Quill Retail Malls Sdn Bhd abandoned. In 2007, Quill Group
the retail arm of the Quill Group It is about the experience,” Koong The store will not just be an ave- (QRMSB) to return to the black in bought the asset for RM430 million.
of Companies that was hit by the told The Edge Financial Daily. And nue to enable consumers to touch financial year 2021. The development, which sits
challenging retail environment in from 47.1% a year ago, the mall and feel an item prior to purchasing “We have to be realistic,” said on a 7.1-acre (2.87ha) site, will
2018 and most of 2019, is positive managed to raise its occupancy to it, but it will also be a platform for Koong, who is experienced in re- also have residences and an of-
that things will start to improve 60% in August. Between now and local entrepreneurs to showcase tail and property. He was previ- fice block. According to Koong,
beginning this month. June next year, several new tenants their products and reach out to a ously the chief financial officer of the Quill Group plans to market
The optimism stems from a will move in and take up another wider audience. Sunway Group, and an executive the residences in Hong Kong as
list of new tenants it has lined up, 247,000 sq ft in NLA. This will lift And when March comes, a new director at Tropicana Corp Bhd. the Hong Kong buyer market is
which it is confident will help boost its tenancy to 78%. e-sport tenant will take up 20,000 sq His most recent stint was the CEO currently hot.
the mall’s occupancy, footfall and, For a start, JDX Presto Concept ft in NLA. This tenant will have an of Sunsuria Bhd. “We expect a handsome profit
as a result, its revenue. The mall is Store will open its doors on Thurs- e-sport academy. By April, a health Quill City Mall forms part of from the sales,” he said, adding that
also being repositioned with an day. It will take up 50,000 sq ft in spa is expected to take up 100,000 the Quill City integrated develop- going forward, QRMSB should be
edutainment focus. NLA and help push occupancy to sq ft in NLA. Then, by June, Univer- ment being developed by QRMSB. able to comfortably cover any fi-
Quill City Mall, like many other 65%. JD.com, China’s leading one- siti Kuala Lumpur (UniKL), which For the financial year ended Dec nancial obligations.
retailers, has had it tough for the stop e-commerce platform — has has a campus just next door, will 31, 2018, QRMSB recorded a net QRMSB has an outstanding of
past few years. In December last teamed up with Presto, a home- move its Shah Alam campus into loss of RM31.16 million versus a RM200 million Class A, RM60 mil-
year, the mall saw its occupancy grown social marketing applica- the mall that will occupy 77,000 net profit of RM66.98 million for lion Class B, RM20 million Class C
rate fall to 47.1% when Aeon Co tion with an e-wallet function and sq ft of space. the previous year, while revenue and RM10 million Class D sukuk
(M) Bhd vacated a huge portion convenience feature to bring the “Edutainment is the right fit for fell 21.5% to RM29.5 million from under its RM350 million Sukuk Mu-
of the mall, while Asia Music City largest online-to-offline experience the mall since UniKL will come into RM37.57 million. As at Dec 31, 2018, rabahah (2017/2024) facility. The
Sdn Bhd exited altogether. store in the country. The store will the boundaries of the mall,” says QRMSB had an accumulated loss of issues were part of QRMSB’s plan
Nevertheless, recently appoint- be 10 times larger than the Tao- Koong, adding UniKL’s move will RM34.96 million. It also had total to partly refinance the outstanding
ed group chief executive officer bao store that recently opened in add 3,500 students to the area. This liabilities of RM697.28 million, of RM420 million medium-term note
(CEO) Koong Wai Seng said plans MyTown KL. It will also feature is in addition to the 3,000 students which RM52 million are current. issued under its RM850 million
are afoot to turn the mall around. TikTok live streaming by influenc- already at the campus next door. Previously known as Vision City, bond facility established in 2013
The mall, which has a net lettable ers. Koong said that the store will With these new tenants lined- the Quill City development was to fund the mall’s development.
6 HOME BUSINESS M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

Margin squeeze yet to abate for GDEX

Aggressive competition and climbing costs to blame — MD and group CEO
BY A R J U NA CHA ND RA N SHANKAR
GD Express Carrier Bhd
KUALA LUMPUR: Compressed Sen
margins are set to continue to follow 37
GD Express Carrier Bhd (GDEX) in
its financial year ending June 30, Teong: In this
2020 (FY20). financial year, the
33 pressure will still
Speaking to The Edge Financial
Daily after the group’s annual gen- be there, because
eral meeting last week, managing one thing is that
director (MD) and group chief ex- 29
in terms of costs
ecutive officer (CEO) Teong Teck we have a lot of
Lean said while “the trend [for pressure, because
profitability] is still there”, margin 27 sen of items such as
squeeze is yet to abate in the face 25 the minimum
of aggressive competition and pric- Nov 14, 2018 Dec 6, 2019 wage. Photo by
ing, while costs climb with wage Sam Fong
increases and more investments
needed for network development. ments, as well as increasingly in-
“In this financial year, the pres- tense competition that had forced it
sure will still be there, because one to lower prices to win market share.
thing is that in terms of costs we The decline in profit came de-
have a lot of pressure, because of spite a 11.45% growth in revenue
items such as the minimum wage. to RM83.04 million from RM74.51 in FY18. To this, GDEX executive tation, distribution and warehous- it had secured from Malaysia Air-
“And compliance is important, million, which was driven by de- director and advisory division chief ing. SAPX’s revenue jumped 72.1% ports [Holdings Bhd],” the research
and we [also] have to pay incen- mand for courier services in the investment officer Jerry Lee said for the cumulative nine months team said, while maintaining their
tives [and] overtime. There is also business to business and business the group is transitioning to a more ended Sept 30, 2019 to 274.91 bil- “buy” call and 39 sen target price
[more] competition, with more new to consumer segments. web-based model, to cut capex. lion rupiah (RM81.5 million) from (TP) on the stock.
players coming in, and with more According to the group’s annu- “The traditional way involves us 159.73 billion rupiah a year ago, Meanwhile, MIDF Research’s
aggressive pricing,” he noted. al report, GDEX’s cash and bank opening a branch, getting trucks which returned it to the black for Adam Mohamed Rahim maintained
The group’s push for regional ex- balances have declined 7.9% to in, and can easily cost us on aver- the period with a net profit of 18.2 the stock at “neutral”, but lowered
pansion, which started with Indo- RM30.06 million as of end-FY19, age RM200,000 to RM300,000 per billion rupiah, versus a net loss of his TP for it to 27 sen from 30 sen.
nesia and Vietnam, is also pushing from RM32.64 million in FY18, branch opened,” Lee said. 1.12 billion rupiah previously. “We are revising our earnings
up costs. This is in addition to its in- while its deposits with licensed In terms of further expansion, Lee In a note dated Nov 19, Nomura estimates for FY20 and FY21 to
vestments in new systems and fea- banks fell 6.4% to RM237.44 million said it will be within Asean, with the Research’s Ahmad Maghfur Us- RM25.3 million and RM28.8 million
tures — where it is spending more from RM253.64 million. potentials being Thailand, the Phil- man and Divya Thomas said the from RM33 million and RM35.1
than previous years, said Teong. On the decline in cash position, ippines and Cambodia, if there are earnings momentum at GDEX’s million respectively. This is to take
For these and more, the group Teong said it was due to invest- opportunities. The mode of entry will Indonesian operations is expect- into account the higher operating
has set aside RM30 million as cap- ments made for its operations, and likely be similar to GDEX’s expansion ed to continue, thanks to ongoing expenses incurred from its regional
ital expenditure (capex) for FY20. GDEX’s acquisition of a warehouse into Indonesia and Vietnam, where efforts to maximise yields, which plans and IT enhancement, which
Still, the capex spending is less than and e-commerce hub in Kuching, the group worked with local partners it said are bearing fruit. we believe will persist throughout
the record RM50 million it set aside Sarawak. “This [trend of investing] to establish their presence. “At the current run rate, PT SAP’s the year,” said Adam in a note to
for FY19. Meanwhile, for the first will continue for a while, but I think GDEX currently has presence contribution could run to the tune investors, also on Nov 19.
quarter ended Sept 30, 2019, the the cash flow should be able to in both Vietnam and Indonesia. In of 14% of GDEX’s total earnings; According to Bloomberg, the
group’s net profit shrank 26.44% come back in the immediate term Vietnam, the group signed a share we have currently pencilled in stock has two “hold” and one “buy”
year-on-year to RM4.47 million in the next couple of years. In terms sale agreement to acquire No Bai zero contribution at this juncture. calls, with a 12-month TP of 32 sen.
from RM6.47 million in the corre- of cash flow, it is a very healthy cash Express and Trading JSC (Netco) on For CY20 (calendar year 2020), we GDEX shares closed 1.89% or half
sponding quarter last year. flow, it is just that we are investing Oct 15 for RM13.85 million. also expect earnings contribution a sen higher at 27 sen last Friday,
The lower bottom line was attrib- in a lot right now,” he added. As for Indonesia, it owns a 44.5% to kick in materially from GDEX’s valuing the logistics company at
uted to investments made in human In terms of free cash flow, Abso- stake in PT SAP Express (SAPX), 30%-owned tech venture in Web RM1.52 billion. The counter saw
capital to build a stronger regional lutely Stocks noted it fell to RM9.44 which is primarily in the express Bytes (not listed) as it sees a revenue 577,300 shares done. The stock is
team, IT and infrastructure invest- million in FY19 from RM28 million delivery segment, besides transpor- increase from the ePOS business down 9.43% from a year ago.

AI drone service provider Aerodyne targets IPO in three years

BY Z AI R I NA ZA I NU DI N ket shares and d public attention group would ride on a massive He said the group plans to Kamarul said Aerodyne is plan-
as key rankingg parameters. overseas expansion plan going strengthen its position in exist- ning an initial public offering (IPO)
KUALA LUMPUR: Malaysia’s home- “Our global expansion has been forward as demand in the mar- ing markets, namely the US, In- three years from now, eyeing for-
grown artificial intelligence (AI) very strong where
here we just closed ket is increasing, espe- dia, Japan and Indonesia, while eign stock exchanges that offer bet-
-driven drone service provider, Aer- one acquisition n in the US and will cially from the public venturing into new markets such ter valuations, particularly those in
odyne Group, aims to become the have more coming
ming from other parts sector. as China. Japan and the US.
world’s top drone service provid- of the world. Kamar ul said “China is a very big market. “We are looking at a bigger and
er next year with a better revenue “To be the world’s No 1 is not over 60% of the In the past, it was very risky for active market. These two markets
contribution from overseas. easy because our competitors are group’s revenue us to enter the country due (Japan and the US) are currently
Founder and group chief ex- well funded. If Aerodyne were currently is de- to its intellectual property very receptive to new technolo-
ecutive officer Kamarul A Mu- based in the US, we would have rived locally while protection [restriction] but gy,” he said.
hamed said the group is growing been able to grow
row faster with bet- the rest is from mar- we have managed to solve Aerodyne has recently acquired
by leaps and bounds, being ranked ter funding andd ecosystem, but we kets such as Aus- that problem. a 60% controlling interest in US-
third in the Drone Service Provid- are proudly Malaysian.
alaysian. tralia, Denmark, the “We were doing business based company, Measure UAS
er Ranking 2019 Report by Ger- “Despite a lot of challenges, UK, and South on a small scale previ- Inc, to serve enterprise clients in
many-based commercial drone we’ve improved ved significantly,” America. ously, but now we North America.
industry research group, Drone he told Bernama,
ma, adding that the are going bigger. At present, the group manages
Industry Insights. In three years, more than 400,000 infrastructure
In 2018, Aerodyne Group, the Malaysia’s [con- assets with 80,000 flight oper-
company behind Malaysia’s much tribution to our ations across 25 countries and
touted “flying car” project, was Kamarul: Our global expansion has been very revenue] will surveys in excess of 70,000km of
placed seventh in the report, strong where we just closed one US acquisition. be less than power infrastructure across 25
which uses company size, mar- Photo by Haris Hassan 10%,” he said. countries globally. — Bernama
MONDAY DEC E MBE R 9 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
ST O C KS W I T H M O M E N T U M 7
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and first appeared at www.theedgemarkets.com.
Please exercise your own judgement or seek professional advice for your specific investment needs. We are not responsible for your investment decisions.
www.theedgemarkets.com
Our shareholders, directors and employees may have positions in any of the stocks mentioned.

HOME BUSINESS
MATANG BHD (-ve)
TRADING of shares in Matang Bhd (fun- group’s net profit moving forward.
damental: 1.5/3, valuation: 1.8/3) triggered Matang, which currently derives all its
our momentum algorithm last Friday for the revenue from the sale of fresh fruit bunches

Golden years over third time this year.

The stock closed one sen or 13.33% high-
er at 8.5 sen, with 26.78 million shares done,
from its oil palm plantation activities, said
the diversification is to mitigate its reliance
on palm oil, diversify and expand its earn-

for Latitude Tree compared with its 200-day average of 1.33

million shares.
In October, Matang announced it planned
ings base, going forward. So far, Matang has
identified 46.6ha within its existing oil palm
estate of 1,094.15ha in Johor for the plant-
to diversify its business to include durian ing of durian. The identified area, which is
BY WO N G EE L I N plantation and related activities, which it currently planted with oil palm trees above
believes may contribute 25% or more of the 20 years, had been identified for replanting.
SHAH ALAM: While the worst is over for
furniture maker Latitude Tree Holdings MATANG BHD Valuation score* 1.80
Bhd, its managing director Lin Chin Fundamental score** 1.50
Hung is quick to add that the company’s TTM P/E (x) 89.72
“golden years are [also] over”. TTM PEG (x) (1.68)
Lin, blaming intensifying competition, P/NAV (x) 0.73
said annual earnings of RM30 million to
TTM Dividend yield (%) 2.67
RM40 million are the norm for Latitude
Tree now. Market capitalisation (mil) 135.75
It is a far cry from the situation just a Shares outstanding (ex-treasury) mil 1,810.00
couple of years ago. The company posted Beta 0.16
a net profit of RM77.81 million for the fi- 12-month price range 0.07-0.09
nancial year ended June 30, 2015 (FY15), *Valuation score - Composite measure of historical return & valuation
RM72.73 million for FY16 and RM69.07 **Fundamental score - Composite measure of balance sheet strength
million for FY17. & profitability
“Those days are over ... when we were Note: A score of 3.0 is the best to have and 0.0 is the worst to have
earning RM60 million to RM70 million.
Competition at that time was less, plus
the ringgit was in the range of 4.2 to 4.3
against the US dollar,” Lin told The Edge
Lin says competition was getting more stiff and MINHO (M) BHD (-ve)
this posed a major challenge for the company
Financial Daily. to achieve smooth growth. Photo by Kenny Yap
TRADING of shares in Minho (M) Bhd (fun- of the three-storey office building located
For FY18, Latitude Tree’s net profit damental: 1.55/3, valuation: 2/3) triggered within the timber complex.
plunged to RM12.08 million before see- our momentum algorithm last Friday for All documents, computers, furniture,
ing some recovery to RM19.35 million gin of 1.6% and 2.7% for the last two years, the third time this year. office equipment and others belonging to
for FY19. Revenue, on the other hand, compared with 8.8% to 11% for FY15 to The stock closed three sen or 11.54% its subsidiary Lionvest Corp (Pahang) Sdn
has been in the range of RM710 million FY17. higher at 29 sen, with 4.07 million shares Bhd, stored in the office building were de-
and RM786.02 million over the past five Lin said the company has been look- done, compared with its 200-day average stroyed in the fire. Minho said it had yet to
financial years. ing to increase its upholstery line, adding of 103,590 shares. ascertain the financial and operational im-
Lin said competition was getting more that the expansion is set to be ready by A fire broke out recently at Minho’s tim- pact of the fire incident. The group said the
and more stiff, posing a major challenge March next year, and it will take another ber complex at Bandar Tun Abdul Razak incident does not affect the processing and
for the company to achieve smooth one to two years to “fully take off ”. in Jengka, Pahang. This affected one block manufacturing capabilities of the company.
growth. The competition was especially With better demand, Lin noted that
felt in Vietnam where a lot of Chinese the company is expecting its upholstery MINHO (M) BHD Valuation score* 2.00
manufacturers were moving to, he said, business to see a 15% to 25% gross mar- Fundamental score** 1.55
adding: “Not just manufacturers in our gin, depending on the volume order size. TTM P/E (x) 11.48
industry, but all other industries.” Additionally, Latitude Tree is hoping to TTM PEG (x) (0.32)
As much as 77% of the orders received see 20% of its total revenue contribution P/NAV (x) 0.23
by Latitude Tree are from its Vietnam from the upholstery business by FY23.
TTM Dividend yield (%) 4.42
plant compared with just 19% from its Ma- “We take it that these two years will be a
laysian plant and 3% from its Thai plant. learning curve for us,” said Lin. Market capitalisation (mil) 88.54
Thus, with more Chinese manufactur- Despite reporting weaker earnings Shares outstanding (ex-treasury) mil 340.54
ers moving to Vietnam, it further increases for the first quarter ended Sept 30, 2019 Beta 0.91
competition for the company and reduces (1QFY20), Lin is hoping for a better per- 12-month price range 0.24-0.32
its market share or volume orders. formance from the company in the cur- *Valuation score - Composite measure of historical return & valuation
Latitude Tree is a 100% export com- rent year. He explained that new products **Fundamental score - Composite measure of balance sheet strength
pany with 90% of its orders coming from and better margins will be driving the & profitability
the US, and the rest from Europe, Asia improvement in results. Nevertheless, the Note: A score of 3.0 is the best to have and 0.0 is the worst to have
and the Middle East. shortage of workers will still weigh on the
While the ongoing US-China trade company’s performance, as productivi-
war has resulted in more orders for the
company in the short term, Lin said the
ty and output capacity will be affected.
“We will need some time ... we would
PROTASCO BHD (-ve)
negative side of this is the increasing say that these two years are a consoli- TRADING of shares in Protasco Bhd (fun- terly revenue shrinking by 3.6% to RM226.46
competition and a shortage of workers. dation period as it’s still a challenging damental: 0.35/3, valuation: 1.2/3) triggered million, on lower maintenance works, from
“We have to strike a balance between time. We are very cautious now,” said our momentum algorithm last Friday for the RM234.88 million for 3QFY18. For the cu-
the margins and orders. If you are willing Lin, adding that there has been a lot of second time this year. mulative nine months (9MFY19), it posted
to lower prices or margins, then you will uncertainty in the market because of the The stock closed 1.5 sen or 4.69% higher a net profit of RM4.95 million compared to
then get a lot of orders,” he said. trade war, coupled with the current en- at 33.5 sen, with 6.67 million shares done, a net loss of RM3.9 million a year ago, while
The company posted a net profit mar- vironment that is very difficult not just compared with its 200-day average of 1.22 revenue declined 8.38% to RM581.37 million
for the furniture industry but any busi- million shares. from RM634.54 million for 9MFY18.
nesses out there. The group posted a net profit of Protasco declared a dividend of 0.6 sen
Latitude Tree Holdings Bhd’s In this light, Lin is anticipating better RM959,000 for the third quarter ended Sept for the financial year ending Dec 31, 2019,
revenue and net profit margins, especially with the upholstery 30, 2019 (3QFY19), compared to a net loss of payable on Jan 10, 2020. This brings its to-
line on board, from FY22 onwards. RM801,000 a year ago. This was despite quar- tal dividend payout for the year to 1.2 sen.
Revenue Net profit For 1QFY20, the company saw a 50%
(RM mil) (RM mil) decline in net profit to RM6.57 million, PROTASCO BHD Valuation score* 1.20
800 80
from RM13.13 million a year earlier, while Fundamental score** 0.35
700 70
revenue fell 9.1% to RM194.7 million TTM P/E (x) -
600 60
from RM214.19 million. The lower earn- TTM PEG (x) -
500 50
ings were mainly due to a lower revenue
400 40 P/NAV (x) 0.47
from Vietnam.
300 30 Latitude Tree’s share price rose TTM Dividend yield (%) 1.88
200 20 five sen or 1.71% to RM2.97 last Fri- Market capitalisation (mil) 155.20
100 10 day, raising its market capitalisation Shares outstanding (ex-treasury) mil 485.01
0 0 to RM288.71 million. Despite the bet- Beta 0.58
FY16 FY18 1QFY20*
ter full-year performance in FY19, the 12-month price range 0.19-0.32
Financial year ending June 30 counter did not manage to sustain above *Valuation score - Composite measure of historical return & valuation
*three months ended Sept 30, 2019
Source: Bursa Malaysia the RM3.50 level. Year-to-date, it has **Fundamental score - Composite measure of balance sheet strength
fallen by some 23%. & profitability
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
8 P R O P E RT Y M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

Singapore keeps building Matrix Concepts

celebrates
‘Marine Christmas’

until the buyers come at Bandar Sri

Sendayan
KUALA LUMPUR: The month of
December is set to be a magical
Oversupply of unsold new homes is an engineered solution month at Matrix Concepts Hold-
ings Bhd’s flagship development,
Bandar Sri Sendayan in Seremban,
BY A N DY MU K H ERJEE where its “Marine Christmas” cel-
ebrations will take centre stage at
HONG KONG: You build and they will come? the township’s d’Tempat Country
Well, do not bet on it. Club to usher in the festive season.
That is what Singapore’s authorities seem to In collaboration with Aquaria
be telling property developers, who are flood- KLCC, the developer has turned
ing the market with new homes. the club into an extravagant “Un-
The builders themselves are getting nervous der the sea” scene, which will
about the glut. But everyone — the prospective feature all sorts of marine crea-
homeowner, the seller, and the government — tures, with the main attraction
is actually lucky. A minor bubble got pricked being a large 10ft (3.05m)-di-
in time, with exorbitant duties now charged ameter aquarium with three live
on most purchases to discourage speculation. adult sharks.
These hit overseas buyers and foreign-born Visitors will get to enjoy a live
permanent residents, whom many Singapore- shark feeding session by a Scuba
ans feel were pricing them out of the market, Santa at 4pm and 6pm every Satur-
especially hard. day and Sunday, Matrix Concepts
In July 2018, the city state imposed additional said in a statement.
buyers’ stamp duties and tighter loan-to-value And for children, there is a
norms to break up the frenzy of en bloc sales, specially prepared touch pool
in which owners of apartments take cash from for some “hands-on experience
builders to vacate, permitting redevelopment. with marine life, corals, various
Just the previous year, US$6.4 billion of such fishes and starfish such as Blue
deals took place, the most since 2007. by a corresponding rise in demand,” the central Hong Kong are overstretched. That combination Tang , Niger Trigger, Green Brittle
As planners had feared, all those bulldozed bank said in its recent financial stability review. alone is sufficient to keep Singapore vigilant. Starfish and many more”.
older buildings are now making way for gleam- The next general elections are due by 2021, If the city had not punctured the en bloc mania Admission is free, the develop-
ing new condominiums. The catch is, there but likely to be held sooner. In that case, why in time, home prices would by now have started er said, and the public is welcome
are few buyers. would Singapore not want the wealth effect of a to run away. Affordability would have become to join in the fun of its Marine
The number of units that developers have stronger property market? One reason is that most an issue, especially at a time when, caught in the Christmas festivities at the club,
launched for sale, but remain unsold, reached Singaporeans live in public housing. The fate of crossfire of the US-China trade war, Singapore which is open every weekend
almost 4,400 in the third quarter, a 3.5-fold Housing Development Board estates when their residents have seen their incomes rise much (Saturday and Sunday) from 3pm
increase from just before the government im- 99-year lease expires is a bigger issue for voters more slowly. to 10pm, starting from Dec 7.
posed harsh curbs on purchases. Speculation is than private property riches. Builders have got the memo and cut back on In addition, Matrix Concepts
frowned upon. Except for Singaporean citizens Second, the government does not want a re- land purchases. However, the government’s land will be launching Ervina @ Ara
buying a first property, everyone now pays a peat of the 2010-2013 experience when low global sales programme for the first half of next year does Sendayan, an exclusive collection
stiff duty. Foreign-born permanent residents interest rates sent a tsunami of money into the not show much sign of pulling back on supply. If of 46 hilltop semi-detached resi-
are levied as much as 15% for a second home. Asian financial centre’s private housing market. carried out in full, the plan announced last week dences, together with Crisantha
Overseas buyers who are not permanent resi- Currently, overseas buyers’ participation is will release another 6,490 housing units sometime @ Resort Homes, in conjunction
dents are charged 20%. subdued at 5%-7% of transactions, compared in the future. But who is this additional stock for? with the celebrations.
The oversupply of unsold new homes is thus with a peak rate of nearly 20% in 2011. A 5.9-per- With the local labour market hitting a soft patch, Crisantha @ Resort Homes,
an engineered solution. The pipeline is helping centage-point increase in foreigners’ purchases is and amid rising clamour for a “Singaporean First” said Matrix Concepts, is an ele-
keep a lid on prices, which had surged 9.1% associated with an acceleration of 1.2 percentage employment policy, tight controls on immigra- gant resort-inspired residential
from a year earlier before the cooling meas- points in the quarter-on-quarter growth rate of tion are likely to remain in place through 2020, enclave within Bandar Sri Sen-
ures were imposed. Now, they are rising just Singapore residential property prices, research further depressing potential demand. dayan that features homes with a
2.1% annually. And even this moderate pace at the International Monetary Fund has shown. Maybe once the elections are out of the way, built-up area of 2,863 sq ft (265.98
may be at risk. “The increase in the unsold in- The current lull in foreigners’ participation may Singapore will allow more prospective buyers to sq m) each, with four bedrooms
ventory could place downward pressure on be temporary. Easy money conditions are back show up on its shores. On that hope, developers and four bathrooms.
prices in the medium term, if unaccompanied again globally, and property prices in protest-hit will have to go on and keep building. — Bloomberg
MONDAY DEC E MBE R 9 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
HOME 9

Mental check on Samy Vellu IN BRIEF

Pesta Pulau Pinang

aims to attract
500,000 visitors
GEORGE TOWN: Pesta Pulau
Pinang, an annual state carni-
Vell Paari wants court to decide if the ex-MIC head is of sound mind val which enters its 53rd year,
continues to draw an increasing
number of visitors. Its organ-
BY H A F I Z YAT I M mental capacity and his condition ising general manager Datuk
pursuant to Section 54 of the Act. Sarul Bahiyah Abu said the tar-
KUALA LUMPUR: Datuk Seri S Vell Vell Paari wants a date be fixed get for this year is 500,000 visi-
Paari has filed an originating sum- by the court to hold an inquiry into tors with RM2.3 million profit
mons at the High Court here against his father’s mental health condition from the sales of booths and
his father Tun S Samy Vellu, wanting and that Samy Vellu be brought be- entrance tickets. “Since the
the court to find out whether the for- fore the court. festival started on Dec 1, we
mer MIC president and long-time He added that in case Samy Vellu have received 7,000 to 8,000
works minister is a mentally disor- is said to be mentally disordered then visitors every day. Last year we
Samy Vellu’s (pic)
dered person and whether he could Vell Paari, along with lawyer Datuk recorded 499,000 visitors and
son wants a date
manage his own affairs. C Vijaya Kumar or anyone else the we are confident that we could
to be fixed by the
Vell Paari, 57, named his 82-year- court deemed fit, be appointed to reach the targeted 500,000 vis-
court to hold an
old father as the sole defendant in the the committee of his estate. itors this year,” she told report-
inquiry into his
application, which was filed on Dec 2. Should the court agree to the for- ers after the 2019 Pesta Pulau
father’s mental
He sought the court to hold an in- mation of the committee, Vell Paari Pinang opening ceremony here
health condition.
quiry under Section 52 of the Mental wants the court to determine the on Saturday night. — Bernama
The Edge file
Health Act 2001, to determine wheth- powers of the committee, make pro-
photo Rina: Tuba Island to be
er his father is a mentally disordered visions for costs and expenses, and
person, in documents that were sight- remuneration be paid to them. developed as rural
ed by The Edge Financial Daily. He also wanted to be made a liti- tourism attraction
The case aims to determine when gant in representing his father. LANGKAWI: The Ministry of
the former senior minister has alleg- Vell Paari in his affidavit in support Rural Development intends to
edly started to be mentally disordered said his mother and sister are aware turn the Tuba Island here into
and whether he can give instruction of the application made in this court. one of the rural tourism desti-
to his solicitors, and when he could He cited findings by one Profes- nations for the northern states.
be incapable. It is also aimed at dis- sor David Ames, and Dr Bharathi Its minister, Datuk Seri Rina
covering the properties owned by that significantly demonstrate pri- Mohd Harun, said for a start,
the father. ma facie that his father is a mentally Act for a proper inquiry to be held and proceedings at the Ipoh High Court her ministry would focus on
Vell Paari, who is a former MIC disordered person. proposes Dr Prem Kumar be appoint- against Samy Vellu and himself, which the upgrading projects in Desa
secretary-general, also wants one Since late 2017, Vell Paari said he ed to oversee his father’s assessment. he had disputed. Keda Teluk Berembang with an
Penang-based Dr Prem Kumar had been managing his father’s af- Furthermore, Vell Paari said that For this reason, Vell Paari sought allocation of RM2 million to de-
Chandrasekaran, a consultant neu- fairs and his estate. He also claimed Vijaya Kumar’s appointment as a to have the inquiry in Kuala Lum- velop the infrastructure there.
ropsychiatrist and head of Neurobe- that Samy Vellu is not able to access proposed committee member fol- pur be disposed of first rather than “We want to make the houses
havioural Medicine at the Penang funds from his bank accounts as the lows that he was a counsel in many (Meeriam’s) originating summons around here painted in bright
Adventist Hospital or other mental bankers are aware of his condition of Samy Vellu’s dealings and known and attempt to cross-examine his colours to make it more colour-
health expert be given medical ac- and are not prepared to follow his to his mother, sister and himself. father be heard first. ful and livelier, and of course
cess to examine his father. instructions. Vell Paari also said that his father’s The matter is fixed for case man- we want to help increase their
This is so that a medical report As such, he is forced to make the former mistress, whom he identified agement before High Court deputy income,” she told reporters af-
could be prepared on Samy Vellu’s application under Section 52 of the only as Meeriam, has initiated legal registrar today. ter her working visit to the Tuba
Island yesterday. — Bernama
Guan Eng: 60% of
Abide by party
discipline,
Dr M: I will look into claims of Pakatan Harapan
manifesto fulfilled

‘deep state’ among govt servants

KUALA LUMPUR: About 60%
of the pledges made by Paka-
says Anwar tan Harapan during the 14th
general election have been ful-
MELAKA: The 2019 PKR National filled, said Finance Minister
Congress has given a clear mes- LANGKAWI: Prime Minister Tun Dr when I was prime minister, but we Negaraku could only be sung in the Lim Guan Eng. Guan Eng, who
sage that the party leadership Mahathir Mohamad said he will seek could continue to administer ... I will national language. is also the DAP secretary-gen-
must be firm and act on lead- information on the allegations of the deal with it, I will view and study it “We cannot sing [Negaraku] in eral, said for now the people
ers and members who do not existence of a “deep state” (daulah first,” he said. other languages. What is written in should give the Pakatan gov-
conform to party discipline, said terpendam), which is trying to sab- He said this to reporters after at- the book is to show the meanings ernment time to resolve the
PKR president Datuk Seri Anwar otage the administration of the Pa- tending a friendly gathering at the so that non-Malays understand the country’s financial problems
Ibrahim. katan Harapan government, among Adya Hotel, Kuah here yesterday. wordings but it is not for singing in and stabilise the economy.
“When we hold high positions civil servants. When asked whether the transfer other languages other than our na- “Reforms take time. After 60
this is the risk, those involved are He also expressed his confidence of Agriculture and Agro-Based Indus- tional language,” he said. years of rule by the previous
our friends and that was why I had that the Pakatan government was ca- try Ministry secretary-general Datuk Dr Mahathir said this when asked government it’s impossible to
taken a gentle approach, I have pable of handing it if it was indeed Mohd Sallehhuddin Hassan was due to comment on a one minute 23 sec- make changes in three or four
never lost my temper,” he said in taking place. to the hidden state, Dr Mahathir said onds video showing pupils singing years,” he said at the opening of
his winding-up speech during the “I don’t know if it is taking place he was not sure and would seek in- Negaraku in Mandarin that was al- the 2019 Kuala Lumpur Feder-
final day of the national congress but if a hidden state exists, I think formation on the matter. legedly recorded on Sept 26, 2018 at al Territories DAP Convention
at the Melaka International Trade we can contain it, no problem. Prior On another matter, Dr Mahathir a school in Seremban, Negeri Sem- here yesterday. — Bernama
Centre here yesterday. to this, there were a lot of problems stressed that the national anthem, bilan. — Bernama
The presidential speech attract- Penang DAP lodges
ed the attention of several parties report against Umno
after the annual congress grew Muhyiddin: Stop doing things that hurt people’s sensitivity division head
tense following a turn of events, GEORGE TOWN: Penang DAP
including a dramatic walk out by has lodged a police report against
leaders and delegates yesterday. KUALA LUMPUR: The Ministry of symbols, especially the Jalur Gemi- incidents and he had ordered the Bukit Gelugor Umno division
Reuters reported that PKR lead- Home Affairs yesterday urged all lang and the national anthem “Nega- findings of the investigations to be chief Datuk Omar Faudzar over
ers renewed a push for Anwar to parties to stop making statements raku”, were very irresponsible and did made public in the near future. his allegations that DAP brought
lead the country, as Prime Minister or doing anything that touches on not symbolise the spirit of patriotism. “Strict action will be taken ac- in Chinese nationals as voters
Tun Dr Mahathir Mohamad dith- the sensitivity of Malaysians. “At the same time, organising cording to the existing law against during the general election in his
ers on the timing of the planned Minister Tan Sri Muhyiddin any activities to commemorate or any person found to have intention- speech at the 2019 Umno Gen-
power transition he had promised. Yassin said he views seriously the revive the communist movement ally caused public unrest. eral Assembly on Saturday. The
“As far as I am concerned there unhealthy developments that had in the country should not happen “The government through the report was made by Penang DAP
has been clarity (that the transi- transpired lately, which could be and should be stopped,” he said in Ministry of Home Affairs will not law bureau chief R S N Rayer, on
tion will happen), except for the considered as provocations that a statement. tolerate any actions that could un- behalf of state DAP at Northeast
time,” Anwar told a news con- could hurt the country. He said the Royal Malaysian Po- dermine public order and national district police headquarters in
ference after the PKR congress. “The acts of insulting the country’s lice had begun investigating into the harmony,” he said. — Bernama Jalan Patani here. — Bernama
10 B R O K E R S’ C A L L M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

4Q earnings growth likely Lack of fresh

catalyst
expected for

for banks on NIM recovery REIT sector

in near term
Real estate investment
trust sector
Maintain neutral: Third quarter
Banking sector Banking sector peer comparison of 2019 (3Q19) earnings for real
Maintain neutral: Excluding Affin estate investment trusts (REITs)
Bank Bhd and Alliance Bank Ma- MKT CAP PRICE TARGET PER (X) P/B(X) ROE (X) YIELD (%) are largely in line. Out of the eight
laysia Bhd which missed estimates, STOCK (RM MIL) (RM) (RM) RATING FY19 FY20 FY19 FY20 FY20 FY20 REITs in our universe, five met
the six other banks under our cov- Affin 3,773 1.90 2.00 Hold 7.2 7.7 0.4 0.4 5.2 3.7 our full-year earnings estimates
erage reported numbers that were Alliance* 4,087 2.64 3.30 Buy 9.1 7.9 0.7 0.7 8.5 6.1 while three missed mainly due to
in line; the disappointment at Af- AMMB* 11,605 3.85 4.25 Hold 8.9 8.6 0.6 0.6 7.1 5.5 higher-than-expected property
fin was due to falling loan growth, and/or non-property expenses.
BIMB 7,533 4.27 5.00 Buy 9.7 9.4 1.3 1.2 13.6 4.0
lower joint venture and associate Five REITs, namely, Axis REIT
income, and a higher effective tax CIMB 51,401 5.18 5.45 Hold 10.5 10.3 0.9 0.9 8.7 5.4 (+1%), IGB REIT (+5.4%), Sun-
rate, while Alliance booked in sur- Maybank 95,889 8.53 9.50 Buy 12.0 11.8 1.2 1.2 10.2 6.7 way REIT (+1%), KLCC Stapled
prisingly high bad loan provision. Public Bank 75,081 19.34 21.10 Hold 13.6 13.4 1.7 1.6 12.4 3.8 Group (0.8%) and AmanahRaya
Quarter-on-quarter (q-o-q), RHB Bank 22,697 5.66 6.45 Buy 9.6 9.3 0.9 0.9 9.6 4.4 REIT (+3.6%) registered positive
third quarter of 2019 (3Q19) sec- HL Bank* 36,634 16.90 - N.rated 13.0 12.2 1.3 1.2 10.3 3.3 cumulative year-on-year (y-o-y)
tor net profit was flat even though HL Financial* 18,622 16.26 - N.rated 9.4 8.9 0.9 0.9 9.8 3.0 growth. REITs that registered flat
total income grew 6% as net credit core net income were Pavilion
Simple average 10.3 9.9 1.0 0.9 9.6 4.6
cost shot up 24 basis points (bps) REIT and Al-’Aqar Healthcare REIT.
* refers to FY20 and FY21
and loan loss provision doubled. At CapitaLand Malaysia Mall Trust
Sources: Hong Leong Investment Bank Research, Bloomberg
the top, non-interest income (NOII) is the only REIT that registered a
rose 6% given good trading results decline in earnings at 21% lower
(falling yield climate) and the net compared with a year ago.
interest margin (NIM) nudged up by the 7bps contraction in NIM. countered similar problems. three-year aggregate net profit com- Minimal impact is seen from
3bps on the back of downward de- Glaring outliers were Affin, Alli- We expect 4Q19 to see some se- pound annual growth rate of 2.3% the overnight policy rate (OPR) cut
posit repricing. ance and AMMB as three of them quential earnings growth from fur- (from financial year 2019 [FY19] on REITs. We note that the impact
As for operating expenditure booked in substantially higher im- ther NIM recovery (through more to FY21) for the sector versus our of the 25-basis-point OPR cut in
(opex), banks are still managing paired loan provision, while Public downward deposit repricing and previous estimate of 2.4%. May on REITs’ 3Q of financial year
costs tightly (ex-CIMB Group Hold- Bank Bhd was hit by negative Jaws statutory reserve requirement cuts) We retain “neutral”. Although the 2019 (3QFY19) has been minimal as
ings Bhd which incurred a one-off (opex accelerated a five percentage along with better investment gains growth outlook for banks is modest, most REIT managers increase their
high transformational expense). points faster versus revenue). being realised. we draw comfort from the sector’s floating rate loans by less than six
Generally, these were the trends Loan growth tapered to 4.1% However, the first half of 2020 inexpensive valuations as it is trad- percentage points (ppts) compared
seen but some like Affin and AMMB y-o-y (2Q19: +5.1%) while deposits (1H20) is seen to be challenging ing near -2 standard deviations (SD) with a year ago with most hovering
Holdings Bhd saw profound earn- slowed to 5.6% y-o-y (2Q19: +7%). due to tepid credit demand and to its five-year average price-to-book below a 60:40 float to fixed ratio.
ings dragged down by higher bad Based on these two categories, the mild asset quality deterioration value. Those that favour exposure to Some REIT managers main-
loan allowances. Besides, Alliance top three fastest growing banks amid the softer present-day macro this sector have to be selective. We tain most of their loans at high
did not have to content with impair- were BIMB Holdings Bhd, CIMB, climate as well as weak consumer like banks that give above-average fixed ratios. Our house econo-
ment on financial assets, while RHB and Alliance (+5% to 11%). and business sentiment. Also, our dividend yields (Maybank; target mists expect the OPR to main-
Bank Bhd’s top line contracted. As for asset quality, the gross economists expect Bank Negara price [TP]: RM9.50), still eking out tain at 3% this year and one rate
Year-on-year (y-o-y) similarly, impaired loan ratio continued to Malaysia to have an easing bias healthy growth (RHB; TP: RM6.45/ cut in 2020, bringing the OPR to
the spike in provision for bad loans weaken (5bps q-o-q to 2.06%), pri- with a 25bps overnight policy rate BIMB; TP: RM5), and saw their val- 2.75% in 2020.
(+72%) erased total income growth marily due to bad business loans. cut by end-1H20. uations got bashed down to below Ten-year Malaysian Govern-
(+9%) and caused sector net profit Save for Affin and BIMB (new bad Following the cut in earnings for -2SD and through level (Alliance; ment Securities’ (MGS) yield
to be flattish. Again, NOII shined loan formation shrank), all the oth- Affin and Alliance this reporting TP: RM3.30). — Hong Leong Invest- averages at 3.75% year-to-date
with a 21% growth but was capped er banks under our coverage en- season, we are now forecasting a ment Bank Research, Dec 6 (YTD). The spread between MGS’
10-year yield and REITs under our
coverage stood at 1.4ppts, which
is not very attractive at the mo-

Greater demand seen for affordable residential property ment. MGS’ average yield to date
is largely unchanged compared
with the previous quarter. Howev-
er, on a YTD basis, the Kuala Lum-
Property sector since FY17, property counters’ fu- pur REIT sector index is sitting at
Maintain neutral: Overall, the com- ture earnings performance could a return of 5.15%, outshining the
bined forecasted financial year 2019 be negatively impacted. FBM KLCI’s 7.51% decline.
(FY19F) new property sales targets We think the sector’s upside is Property expenses climbed
for the six property developers under capped by affordability issues, slow- for some REITs, mitigating the
our coverage (based on the com- er gross domestic product (GDP) growth in rental income. During
panies’ sales guidance) were low- growth and high levels of unsold the quarter, we notice, the core
er than their combined FY18 new stock. Our economists have lowered net income (CNI) of several RE-
property sales targets as well as their Malaysia’s 2019 GDP growth fore- ITs did not climb as much as their
combined FY18 actual new prop- cast to 4.5% (from 4.7% previously) rental income.
erty sales. and retained their projection for a Pavilion REIT’s revenue grew
This signals that the property sustained moderation to 4.4% in by 7.7% y-o-y but earnings dipped
market outlook remains soft, in our 2020F as headwinds to investment by 0.3% during the period as prop-
view. We also observe that the big- and in the export-oriented sectors erty expenses rose by 16% y-o-y.
ger developers, except Sime Darby An artist’s impression of Rose Garden residential homes in Eco Spring, Iskandar remain formidable. We do not see We maintain “neutral”. Our
Property Bhd, slightly missed their Malaysia, Johor by EcoWorld. Not much downside risk is seen for the property sector. much downside risk for the proper- top pick is Sunway REIT (target
respective FY19F new sales targets ty sector either given that the Kuala price [TP]: RM2.02). We continue
versus smaller mass market players, Lumpur Property Index is currently to prefer Sunway REIT (“buy”;
such as Mah Sing Group Bhd and and RM200,000 increased the most As of September, property stocks trading at 0.5 times price-to-book TP: RM2.02) among the REITs
LBS Bina Group Bhd. This could be by around 13% y-o-y, followed by under our coverage recorded a 47% value (P/BV), around two standard we cover for its stable income
due to the higher price points for residential units priced between y-o-y core earnings growth. This was deviations (SD) below its historical growth from Sunway Pyramid
the products offered by the bigger RM250,000 and RM300,000, while mainly driven by stronger earnings 10-year P/BV of 0.75 times. Shopping Mall and a more bal-
developers, in our view. As of the residential properties priced above from Eco World Development Group We maintain “neutral”. Sime Dar- anced asset portfolio. We have
third quarter of 2019 (3Q19), total RM1 million recorded a 16% y-o-y Bhd (EcoWorld), Eco World Inter- by Property remains our top pick downgraded AmanahRaya REIT
residential property transactions by decline in transaction value. national Bhd, Sime Darby Property for its: i) improving new property to “neutral” (previously “buy”;
value rose 2.1% year-on-year (y-o-y), This proves that demand for the and UEM Sunrise Bhd, where the sales trend; ii) solid balance sheet TP: 79 sen) as we anticipate a
according to National Property In- more affordable properties is greater bulk of the profits was derived from (net gearing of 0.3 times as at Sep- more challenging environment
formation Centre data. at the moment. Nonetheless, 3Q19 overseas operations, except for Sime tember); and iii) massive land bank for some of its assets, which may
Transaction value for residential residential transaction value growth Darby Property. However, given the to cater to future demand. — CGS- taper its income growth going
units priced between RM150,000 was slower versus 2Q19’s 9.5% y-o-y. downtrend in new property sales CIMB Research, Dec 5 forward. — MIDF Research, Dec 6
MONDAY DEC E MBE R 9 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
B R O K E R S’ C A L L 11

Mynews to expand E&C margin recovery seen in

2HFY21 for Sapura Energy
Sapura Energy Bhd the finalisation of purchase price

network to fully
(Dec 6, 26 sen) made earlier by OMV. Net gearing
Maintain hold with a lower tar- remained near 0.7 times level but
get price (TP) of 28 sen: Sapura net debt position has notably in-
Energy Bhd’s cumulative nine creased to RM9.9 billion (4QFY19:
months of financial year 2020 RM8.9 billion)

realise FPC’s potential

(9MFY20) core loss missed expec- We increase our projected FY20
tations again, despite us project- losses by 27% as we lower our E&C
ing losses that were already sig- Ebitda margin to 1% (from 2%), and
nificantly higher than the street at assume weaker earnings from Bra-
RM357 million versus consensus zilian operations, factoring in lower
RM220 million. The deviation renewal rates for Sapura Topazio
was due to the razor-thin engi- and the near one month down-
neering and construction (E&C) turn from its SPS exercise. We now
Mynews Holdings Bhd Mynews Holdings Bhd earnings before interest, taxes, assume estimates for the finan-
(Dec 6, RM1.20) depreciation and amortisation cial year 2021 (FY21E) to register
Maintain buy with an unchanged FYE OCT (RM MIL) 2018 2019F 2020F 2021F (Ebitda) margin which stood at a RM41 million loss (from a break-
fair value (FV) of RM1.66: We Revenue 393.4 531.9 656.5 756.1 1% in 9MFY20 (versus our previ- even earlier) and lower FY22E profit
maintain our “buy” call on My- Core net profit 27.8 32.8 42.0 51.4 ous forecast of 2%). Drilling losses forecasts by 25% mainly on a less
news Holdings Bhd with an un- also widened as the number of aggressive margin improvement.
FD core EPS (sen) 3.9 4.8 6.2 7.5
changed FV of RM1.66 a share, working rigs fell to five units (sec- The stock price has been mut-
pegged at a price-to-earnings (PE) FD core EPS growth (%) 10.3 23.7 28.1 22.3 ond quarter of FY20 [2QFY20]: ed despite the recent O&G rally as
of 27 times of financial year 2020 Consensus net profit – 31.9 40.4 48.4 six units), which was rather un- business recovery still looks quite
forecast (FY20F) which is at a dis- DPS (sen) 1.0 1.0 1.0 1.0 expected. Sapura Topazio also a distance. We expect recovery in
count to the historical forward PE PER (x) 30.1 24.4 19.0 15.5 saw 2.5 weeks of special periodic E&C margins to only material-
of peer 7-Eleven Malaysia Hold- EV/Ebitda (x) 19.3 13.6 10.8 9.1 survey (SPS) downtime leading ise from the second half of FY21
ings Bhd of 32 times to reflect the Dividend yield (%) 0.7 0.7 0.7 0.7 to a drop in joint venture (JV) (2HFY21) onwards with major
smaller number of outlets. profit. The JV contribution was projects gradually moving to the
ROE (%) 11.0 11.9 13.8 14.9
The key takeaways from our visit also dragged down by a RM17 higher execution margin phase.
Source: AmInvestment Bank
to Mynews’ Food Processing Centre million write-off in Sapura Acer- We maintain our “hold” call until
(FPC) last Thursday (which com- gy investment. On the flip side, clearer signs of an earnings recov-
menced operations in June 2019 assembly. However, we note that sales volume of its higher margin the Sapura OMV JV reported a ery emerges. We lower our sum-of-
and officially opened in October these stringent processes and pack- food and beverage products to limit RM14 million profit (versus RM6 the-parts-based 12-month TP to 28
2019) are as follows: aging quality add to its cost of sale the downside margin pressure from million loss) due to an overesti- sen (from 30 sen previously). — Af-
i) Its utilisation rate is at the 40% resulting in a higher price point for the gestational costs. mation of depreciation following fin Hwang Capital, Dec 6
level as it is still in its early days; its RTE products. The group remains committed to
ii) The ready-to-eat (RTE) prod- The group has rolled out its RTE increase its network expansion by
ucts have been rolled out to over products to more than 300 outlets around 80 to 100 stores in FY20F in Sapura Energy Bhd
300 stores; and while wastage remains high at over order to fully realise its FPC capabil-
iii) The main focus for the group 20%. As its RTE offerings are entire- ities. We assume in our forecast the FYE JAN (RM MIL) 2018 2019 2020E 2021E 2022E
remains to be on network expan- ly new SKUs and are fresh with a number of outlets to surpass 600 in Revenue 5,895.0 4,568.4 6,840.7 7,548.9 7,075.7
sion of around 100 stores in FY20F shelf life of around three days, the FY20F (from 498 in the cumulative Ebitda 1,513.9 839.3 510.6 733.0 903.4
to fully realise its FPC’s potential. group is bound to face challenges in nine months of FY19) with revenue
Pre-tax profit (2,323.6) (2,574.9) (368.6) (36.0) 145.3
The FPC is divided into two sep- perfecting its recipes, logistics and growing by 23%.
arate subsidiaries, Mynews Kineya restocking system to ensure optimal Meanwhile, Maru Kafe has been Net profit (2,503.5) (2,713.5) (412.2) (40.5) 127.7
Sdn Bhd and Mynews Ryoyupan take-up rate and minimal wastage. installed in more than 150 outlets. EPS (sen) (41.9) (14.0) (2.1) (0.2) 0.7
Sdn Bhd to ensure clear segrega- This has already been factored in Recall that in June, outlets with PER (x) n.m n.m n.m n.m 40.2
tion of the respective business- to our forecasts as we expect ges- Maru enjoyed a 19% increase in Core net profit (288.7) (834.4) (452.9) (40.5) 127.7
es. The FPC is currently produc- tational costs to persist for at least average sales volume, +15% in av- Core EPS (sen) (4.8) (4.3) (2.3) (0.2) 0.7
ing over 50 stock-keeping units one year. We expect net margin of erage customer count and +13% Core PER (x) n.m n.m n.m n.m 40.2
(SKUs) although utilisation is low 6.2% to 6.4% in FY19F–20F (6.7% in average basket size. We believe
EV/Ebitda (x) 9.1 12.7 31.2 21.7 17.5
at 40% (33% in October) as it is in FY18). the continued roll-out will further
still in its early days. We were im- However, we believe the start- improve its average sales volume, Chg in EPS (%) 26.7 n.m (24.6)
pressed with the superior hygiene up costs will be partially offset by a customer count and basket size. — Affin/consensus (%) 2.1 n.m 0.5
practices and high quality product better product mix as we anticipate AmInvestment Bank, Dec 6 Sources: Company, Bloomberg, Affin Hwang forecasts

Ta Ann’s FY20 CPO production expected to be higher

Ta Ann Holdings Bhd FFB production growth of 8.3% Ta Ann Holdings Bhd addition, we could see addition-
(Dec 6, RM3.20) y-o-y (management’s guidance: al demand coming from Japan’s
Maintain buy with a higher tar- 12% y-o-y), as the impact of dry FYE DEC (RM MIL) 2017 2018 2019F 2020F 2021F post-typhoon reconstruction ac-
get price (TP) of RM3.60: Af- weather back in the third quarter Total turnover 1,179 967 915 1,102 1,134 tivities in the first half of FY20F.
ter revising forecasts post-stock of financial year 2019 (3QFY19) Recurring net profit 102 80 66 94 114
We maintain “buy” with a
coverage reallocation, we cut and Ta Ann’s lower fertiliser ap- higher sum-of-parts-based TP
Recurring net profit (15.7) (23.9) (17.2) 42.6 21.5
our financial years 2019 to 2020 plication in FY19 should affect of RM3.60, from RM2.40, 16%
growth (%)
(FY19F-20F) earnings forecast by its output in FY20. Ta Ann is es- upside. We now apply a tar-
21.8% to 12.6%. Ta Ann Holdings timated to post higher CPO pro- Recurring PER (x) 12.9 17.0 20.5 14.4 11.8 get FY20F price-earnings ratio
Bhd’s export log volume has re- duction in FY20, on the recent P/BV (x) 0.98 0.97 0.94 0.90 0.86 (PER) of 12 times for its timber
covered following an almost-com- commencement of operations of P/CF (x) 6.74 8.93 7.44 7.32 5.82 segment, from 0.5 times price-
pleted forest certification process, its third palm oil mill, bringing Dividend yield (%) 3.3 3.3 1.7 2.4 3.0 to-book value previously, as
and we expect the timber segment total capacity to 255 tonnes an EV/Ebitda (x) 6.01 8.31 6.81 6.33 5.24 we anticipate greater earnings
to record earnings growth. Rid- hour. Our CPO price assump- ROE (%) 7.7 5.5 4.7 6.4 7.4 visibility from the timber seg-
ing on the current crude palm oil tions are RM2,400 for FY20 and ment. For its plantation seg-
Net debt to equity (%) 19.8 32.1 24.5 17.6 8.4
(CPO) price rally, earnings growth RM2,500 for FY21. ment, we ascribed a higher tar-
should be further compounded by Log division earnings driven Interest coverage (x) 12.7 5.5 5.9 8.4 12.1 get rolled-forward FY20F PER of
the plantation segment, contrib- by higher exports upon the forest Sources: Company data, RHB 18 times (from 16 times) in line
uting 83% of earnings in FY20F certification. The upward revi- with the higher PERs of mid-cap
(versus 76% in FY19F). sion of export log quota has con- fully certified by 1QFY20. Upon FY19F due to changes in sales plantation companies which be-
The plantation segment will tributed significantly to log sales completion of the certification, Ta composition of its plywood prod- gan rallying on the back of the
still be the dominant net profit volume, Ta Ann’s log exports rose Ann will be able to continuously ucts, where more lower end-prod- CPO price uptrend recently. Our
driver. Fresh fruit bunch (FFB) 180% y-o-y in 9MFY19. A total of export 40% of its log output for ucts have been sold. However, we revised TP implies a FY20F PER
production for the nine months 213,749ha of the company’s nat- all its concessions — which will expect this division to break even of 16.9 times, at one standard
of financial year 2019 (9MFY19) ural forest areas have been cer- widen margins more sustainably. going into FY20F, as the group deviation above its five-year and
increased 4.7% year-on-year tified as at end-September, with The plywood division is ex- modifies offerings to be more in 10-year historical average PERs.
(y-o-y). For FY20, we expect another 132,194ha expected to be pected to remain in the red for line with its buyers’ demand. In — RHB Research Institute, Dec 6
12 C O M M E N T M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

Islamic finance can help world shift from

shareholder to stakeholder capitalism
Acceptance address by Sultan of Perak Sultan in the Kenyan county of Kitui,
pioneering a sustainable human-
Nazrin Shah as the recipient of an honorary itarian zakat initiative.
doctorate in Islamic finance at INCEIF’s 11th This programme provided clean
water to 175,000 families, and also
convocation on Saturday. generated a financial return of
around US$20 million through
BY SU LTAN N A ZRI N SHA H estimated that we have as little as crop growing, exemplifying a key

T
18 months to take action before principle of Islamic social finance:
he distinguished the damage becomes irreparable. namely, that giving should go be-
economist John May- The welfare of our planet is cer- yond short-term charity, and be
nard Keynes once tainly an area in which we must implemented in smart, effective
said, “What I have take immediate action. ways to ensure inclusive partici-
to say is intrinsical- As for the second “P” — that pation, risk sharing, and sustained
ly easy, it is only to of “people” — the United Nations socio-economic impact.
an audience of economists that High Commissioner for Refugees This fulfils the wise advice of
it is difficult”. (UNHCR) reports more displaced that famous proverb: “Give a man
Standing in a room full of ex- persons in the world now than at a fish and you feed him for a day;
perts in the field, I think I perhaps any time since the end of World teach a man to fish and you feed
have some inkling of how he felt! War II. We are witnessing huge him for a lifetime.”
But I would nevertheless like to movements of people due to con- I understand that there is also an
take this opportunity to say some- flict, persecution, and hardship. Islamic social finance project being
thing about the situation of Islam- By 2030, an estimated 80% of developed here at International
ic finance today — the incredibly the world’s extreme poor will live Centre for Education in Islamic
positive progress that has been in areas defined as fragile — the Finance’s (INCEIF) Research Man-
made, and the important work majority of which will be Mus- agement Centre, called SuduNest,
still to be done. lim-majority countries, or states which will establish a cash waqf to
As all of you will no doubt be with significant Muslim popu- Sultan Nazrin says it has become increasingly evident that the dominant model of help micro-SMEs grow their busi-
aware, the Islamic finance industry lations. ‘shareholder capitalism’ is no longer sustainable, and is not serving the needs of the nesses, by having collective halal
has experienced unprecedented And this brings me to the third global population. Photo by Bloomberg certification through a central kitch-
growth and development over key area to be targeted, which is en for their food products.
the past three decades or so. The almost inseparable from the pre- I first spoke back in 2017, mean-
industry has demonstrated not vious two: that of “prosperity”. while, about the incredible overlap
only resilience — for instance, For at present, indebtedness mate and humanitarian crises. the millenials and Generation Z, that exists between the UN’s SDGs
during the financial crash of 2007- is high, inequality has widened, But as well as having the practi- which means that they want to and the teachings of the Quran.
2008 — but also incredible dyna- and there are substantial funding cal potential to make a difference, support institutions that are mak- To this end, a number of so-
mism, evolving to meet the rapid- shortfalls, both in addressing the Islamic finance also has, more im- ing a meaningful impact on the cially responsible investment (or
ly changing requirements of the hardships of people in need, and portantly, a spiritual imperative to planet, people, and prosperity, and SRI) sukuk have been established
modern economy. also in protecting the planet. do so. Islamic finance is rooted in are not solely focused on profit. in recent years, which simulta-
This is true especially when In 2016, a high-level panel the Maqasid Shariah. What is needed, then, is a fi- neously uphold Islamic teach-
compared with conventional commissioned by the UN secre- The syariah laws which govern nancial system in which the pri- ings and pursue the aims of the
banks, both in jurisdictions with tary-general estimated a human- it are designed to protect both the vate sector takes greater social SDGs. I am particularly proud
a significant presence of Islamic itarian financing deficit of US$15 individual and the community, responsibility and lives up to that the world’s first-ever green
finance, and in the US and the billion — and the gap is widening and to improve the life conditions civic-minded ideals: a system of sukuk — supporting environmen-
European Union. each year. Last year, only 58.5% of of mankind. Allah subhanahu wa- “stakeholder capitalism”, in which tal projects — was issued here in
Within the past two decades, of requested humanitarian funding ta‘ala says: “We have not sent you private corporations are posi- Malaysia in 2017, with four others
course, we have witnessed noth- needs were met. Meanwhile, the (O’ Prophet) but as a mercy to all tioned as the trustees of socie- issued since, bringing the total
ing less than the establishment of gap in financing the UN’s Sustain- the worlds”. ty, and are held to account for amount raised to date to around
a university dedicated to the study able Development Goals (SDGs) What this means is that the transparency, fairness, and the US$580 million.
of Islamic finance! This is, without — the UN’s “blueprint” for a more guidance of the Quran, and the promotion of social good. We can see in these and other
doubt, a mark of the sector’s grow- sustainable future for the planet Sunnah of Prophet Muhammad Given its own ideals and social similar examples the seeds of a
ing prominence and importance and its people — is estimated at sallallahu ‘alayhi wassalam, are objectives, it seems only fitting solution to the challenges facing
on the international stage. around US$2.5 trillion (RM10.4 intended for the benefit of all life that Islamic finance should play our planet and its people today: a
As Islamic finance continues trillion) annually. on earth: people, animals, and an important part in contributing solution guided by the principles
along this exciting path, we are The need for a better, sustain- even the natural environment. to this process of “reinvention”, and driven by the mechanisms of
now venturing into new frontiers able system is therefore becom- Thus, Islamic finance should be from shareholder to stakeholder Islamic finance. Our challenge
to bring greater value to the econ- ing even more imperative, given directed towards addressing the capitalism. now is to keep moving in the di-
omy, to society, and to the envi- the profound complexity of these major challenges that face our Strikingly, the notion of stake- rection of progress, in support of
ronment: the so called “Three Ps” global challenges, and the urgent planet and its people today: you holder capitalism is already, in- a brighter economic future.
of planet, people and prosperity. requirement for innovative solu- could say that this is its raison dependently, moving towards Indeed, that is why I am truly
And as soon-to-be graduates tions. d’etre, its spiritual purpose. many of the elements of Islamic so grateful for this honour of being
in Islamic finance, I must em- It is my belief that Islamic fi- It is not just Islamic finance, finance, emulating its principles inducted into INCEIF, the glob-
phasise to you today that there nance has the potential to make of course, that must step up to of risk-sharing, inclusiveness, and al university for Islamic finance.
is still so much work to be done a significant — even vital — con- address the economic, social more secure, reliable investment There is, as I have said already,
in these three key areas. In fact, I tribution to redressing these se- and environmental crises of the models. much more work still to be done.
believe there is more work to be rious shortfalls. present. On the global economic Indeed, there are many, tan- The world is in desperate need
done than ever before. At its core, Islamic finance is stage today, capitalism at large, gible ways in which the Islamic of a more sustainable, responsible
Even a brief glance at the daily based on principles that empha- it seems, is being “reinvented”. finance industry is already help- financial system that promotes so-
news headlines will tell you that sise, among other objectives, eq- It has become increasingly evi- ing to generate a more socially cial and environmental concerns,
our planet is in the grip of an ex- uitable risk sharing and inclu- dent that the dominant model of conscious and sustainable eco- and Islamic finance must step up
treme climate crisis. A “climate siveness. “shareholder capitalism”, with its nomic system. The traditional to meet this need. And who better
emergency” has actually been It also requires syariah-com- relentless pursuit of profit above instruments of Islamic finance, to innovate, propagate, regulate
declared by the governments of pliant transactions to be based all else, is no longer sustainable, such as waqf and zakat, are being and advocate for Islamic finance
countries such as Canada and on real, productive assets. and is not serving the needs of the effectively utilised and targeted than those of us assembled in this
the UK. All of these principles promote global population. towards the needs of the mod- hall today?
The global temperature is rising fiscal responsibility and sustaina- More investors — institutions ern world. That is the responsibility which I
due to greenhouse gas emissions, bility, meaning that the industry and individuals — want their mon- For example, last year, the In- humbly accept along with the hon-
which in turn means melting ice is well-placed to withstand eco- ey to be invested sustainably, or in ternational Federation of the Red our of this recognition this morn-
caps, rising sea levels, and a dev- nomic turbulence and provide order to make a positive impact. Cross and Red Crescent Socie- ing, and I am optimistic about the
astating loss of biodiversity. Some reliable, long-term solutions to There is a growing social-impact ties used zakat monies to fund a fact that each one of you here will
leading climate scientists have alleviate poverty as well the cli- consciousness, particularly among drought-assistance programme be doing the same.
MONDAY DEC E MBE R 9 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
W O R L D B U S I N E S S 13

Reject plan to
take Hudson’s China’s Nov exports fall for
fourth consecutive month
Bay private, ISS
tells holders
BY B H A RGAV ACHA RYA
& G R EG RO U MEL I OTI S

BENGALURU/NEW YORK: In-

stitutional Shareholder Servic- Import growth shows Beijing’s stimulus steps helping stoke demand
es (ISS) said last Friday it rec-
ommended shareholders vote
against a plan by the chairman of BY GABR IEL CROSSLEY
Hudson’s Bay Co to take the Saks & SE YOUNG LEE
Fifth Avenue owner private after
the bid was topped by an offer BEIJING: China’s exports in No- Filepic of a port
from Catalyst Capital Group Inc. vember shrank for the fourth con- in Lianyungang,
In October, Hudson’s Bay secutive month, underscoring per- Jiangsu province,
agreed to a C$1.9 billion (RM5.96 sistent pressures on manufacturers China. China’s
billion) offer worth C$10.30 per from the Sino-US war but growth trade surplus
share from shareholders led by in imports may be a sign that Bei- for November
chairman Richard Baker. jing’s stimulus steps are helping to stood at US$38.73
The group, which collec- stoke demand. billion compared
tively owns 57% of Hudson’s The 17-month long trade dispute with an expected
Bay, includes private equity has heightened the risks of a global US$46.3 billion
firm Rhone Capital LLC and recession and fuelled speculation in the poll and a
office-space sharing start-up that China’s policymakers could US$42.81 billion
WeWork’s property arm. unleash more stimulus as growth surplus recorded in
Private equity firm Catalyst in the world’s second-largest econ- October. Photo by
Capital Group Inc, which owns omy cooled to nearly 30-year lows. Reuters
17.5% of Hudson’s Bay and was Overseas shipments fell 1.1%
unhappy with the bid by the from a year earlier last month, cus-
Baker-led consortium, offered toms data showed yesterday, com-
C$11 per share in November. pared with a 1.0% expansion tipped
ISS, a shareholder advisory by a Reuters poll of analysts and a
firm, said in a note there was 0.9% drop in October. could be difficult to sustain amid US President Donald Trump said that a Dec 15 deadline is still in
“no legitimate rationale from Imports unexpectedly rose 0.3% trade risks. last Thursday trade talks with China place to impose a new round of
a governance perspective for from a year earlier, marking the first China’s trade surplus for No- are “moving right along,” striking US tariffs on some US$156 billion
recommending shareholders year-on-year growth since April vember stood at US$38.73 billion an upbeat tone even as Chinese of China’s remaining exports to the
accept a lower offer.” and compared with a 1.8% decline (RM161.12 billion), compared with officials held fast to their line that US, but the president likes where
Catalyst’s managing par- forecast by economists. an expected US$46.3 billion surplus existing tariffs must come off as part trade talks with China are going, he
rner Gabriel de Alba said the The better-than-expected im- in the poll and a US$42.81 billion of an interim deal. Earlier, though, added. One Chinese official said
company has been working port data may point to firming do- surplus recorded in October. Bei- Trump rattled global markets when China will implement its own tar-
to protect the interests of the mestic demand after factory ac- jing and Washington are negotiat- he said a deal might have to wait iffs as a countermeasure if the Dec
minority shareholders, includ- tivity showed surprising signs of ing a first phase trade deal aimed at until after the 2020 election. 15 tariffs go into place, which may
ing offering all shareholders a improvement recently, although de-escalating a trade dispute but they Top White House economic ad- dash any chance of a near-term
superior proposal to the Baker analysts have noted the recovery continue to wrangle over key details. viser Larry Kudlow said last Friday trade deal. — Reuters
group. — Reuters

Japan Post T-Mobile girds for a HSBC reshapes senior team ahead
of next CEO’s arrival — sources
execs queried by decisive battle with BY HARRY W IL S O N hedery runs HSBC’s global mar-
lawyers on sales
scandal — NHK states over Sprint deal & S TE FAN IA S PE Z Z AT I

LONDON: HSBC Holdings plc has

kets business.
The departure of Moses would
mark the most senior exit from
begun to reshape the top manage- the business since the ouster in
BY C H I K A FU MI H OD O BY DAV ID M CLAUGHLIN George Cary said last Friday. ment, laying the groundwork for a August of former chief executive
& SCOTT M ORITZ A win for the companies would new direction under its next boss. officer (CEO) John Flint. He was
TOKYO: Top executives of Ja- create a new wireless giant that The bank is expected to an- pushed out by chairman Mark
pan Post Holdings Co Ltd have WASHINGTON/NEW YORK: The would overtake AT&T Inc to be- nounce the retirement within Tucker, who said the bank need-
been interviewed by lawyers future of the US wireless industry come the No 2 carrier in terms of days of Marc Moses, chief risk ed a change of leadership to cope
who are investigating a scan- hinges on a court battle kicking off monthly regular subscribers be- officer and board member, said with an increasingly complex
dal involving improper sales today in federal court in Manhattan, hind Verizon Communications Inc. people familiar with the situa- business environment.
practices at its insurance unit, a case that could end with T-Mo- A loss would leave Sprint a dis- tion, who asked not to be named Moses’s departure has been
NHK reported, citing people bile US Inc buying Sprint Corp, and tant No 4 in the market. as the details are not public. The in the works since before Flint’s
with knowledge of the matter. Dish Network Corp getting the go- The states, led by New York At- qualified accountant is likely to and Kaur has been preparing to
The special investigation ahead to enter the market. torney General Letitia James and be replaced by Pam Kaur, head replace him for several months,
panel has conducted hearings US Judge Victor Marrero will California’s Xavier Becerra, have of wholesale market and credit one of the people said.
with three executives, including weigh arguments from a group of the edge going into the trial, said risk, the people said. Flint’s replacement, interim
Masatsugu Nagato, chief exec- states that say he should block the Blair Levin, an analyst at New Street Meanwhile, the Lon- CEO Noel Quinn (pic), is review-
utive officer of Japan Post and US$26.5 billion (RM110.24 billion) Research. He said they have the don-based firm has decided to ing the entire business. Quinn
Mitsuhiko Uehira, president of Sprint deal because it will raise better argument: that the tie-up split leadership of its investment has made a bid to get the top job
Japan Post Insurance Co Ltd, prices on consumers by eliminat- violates anti-trust laws and that bank. on a permanent basis and
NHK reported. The committee ing competition between the two the proposed settlement — setting Gregor y Guyett is considered one of the
is scheduled to compile a final carriers. T-Mobile says the oppo- up Dish to become a new wireless and Georges Elhed- front-runners for the post.
report by the end of this month. site: By combining with Sprint, it carrier — does not resolve the an- ery will jointly run the Speaking in an inter-
The lawyers have asked the can reduce costs and lower prices. ti-competitive problems. unit once Samir As- nal video in October, he
executives about whether or T-Mobile told Marrero late Fri- That makes Dish chairman Char- saf steps down in the told staff that he was more
not the insurer had sufficient day that the planned two-week trial lie Ergen the most important wit- coming months, said than a “caretaker” CEO.
structures in place to avoid the is not long enough for the com- ness of the trial, Levin said. He will people with knowl- “My mandate is to
problem. They were also asked panies to explain why the deal have to convince the judge that Dish edge of the matter. run the business
about precautionary measures would not volatile anti-trust law, can quickly become a robust com- Guyett is cur- not just as an in-
to prevent any future sales vi- as a group of states claims. petitor in the market even though rently head terim CEO, but
olation for its insurance prod- “Cramming it into a two-week the company has no experience in of global as the CEO of the
ucts. — Bloomberg period would do a disservice selling wireless-phone service fails,” banking, PHOTO BY BLOOMBERG
bank,” he said. —
to the court,” T-Mobile lawyer Levin said. — Bloomberg while El- Bloomberg
14 WORLD M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

Democrats draft impeachment ‘Mexico, US

draw closer

charges against Trump

to finalising
USMCA’
BY DAV ID L AW D E R

WASHINGTON: US and Mexican

negotiators are “very close” to fi-
They say they could recommend for a full House vote as early as Thursday nalising the United States-Mex-
ico-Canada Agreement (USM-
CA), a Washington-based source
BY A M A N DA B EC K ER committee had spent the day di- power, betrayed our national secu- an impeachable offence. familiar with the talks said on
gesting information they received rity, and corrupted our elections, Last Friday, the White House Saturday, after a top Mexico offi-
WASHINGTON: Democrats in the from the House Intelligence Com- all for personal gain,” Nadler said told Nadler it would not take part cial said the two sides had made
US House of Representatives met mittee and constitutional law schol- in a statement. “The Constitution in the panel’s hearings and con- progress on the trade deal.
on Saturday to prepare for what ars who testified before Congress details only one remedy for this demned the inquiry as “completely The person added that US
could be the final week of their last Wednesday. “So now we are in misconduct: impeachment.” baseless.” Nadler, in turn, expressed House Speaker Nancy Pelosi
months-old impeachment inquiry the process of putting the law and “Now we have the task of fo- his disappointment: “The Ameri- still needed to agree on revi-
that has imperilled Donald Trump’s the facts together to begin to think cusing on what the exact articles can people deserve answers from sions of the pact.
presidency. about the next step,” he said. might be,” said Eric Swalwell, an- President Trump.” Mexico approved USMCA
After emerging from an all-day The lawmakers released a 55- other Democratic lawmaker in the House Speaker Nancy Pelosi, this year, but US ratification has
closed door meeting, House Judi- page report on Saturday morning House Judiciary Committee, on the top Democrat in Congress, been held up by Democratic
ciary Committee Democratic law- outlining what they see as the con- his way out of Saturday’s meeting. directed the committee to draw lawmakers, who have voiced
makers said they were still in the stitutional grounds on which arti- The committee will hold a pub- up the charges last Thursday af- concerns over the enforcement
process of drafting formal charges, cles of impeachment could be built. lic hearing today to consider the ter weeks of investigation into of labour and environmental
known as articles of impeachment, In releasing the report, the pan- evidence gathered in the inquiry. Trump’s request that Ukraine in- provisions.
that the panel could recommend el’s Democratic chairman, Jerrold Republicans have called for a vestigate former vice president “We’re getting close, I’m con-
for a full House vote as early as Nadler, said impeachment was the full day of proceedings to exam- Joe Biden, a leading contender fident,” Mexico’s deputy foreign
Thursday. only way to hold the Republican ine their own evidence, including for the Democratic nomination minister for North America, Je-
Representative Jamie Raskin told president to account. a 110-page report saying the in- to face the president in the 2020 sus Seade, told reporters outside
reporters on Saturday evening the “President Trump abused his quiry had found no evidence of US election. — Reuters the US Trade Representative’s
office in Washington. He said
he would likely return on Mon-

French government says it is determined

day to continue talks. — Reuters

on pension reform as strikes continue Rouhani: Iran

budget set
BY G E ERT D E CL ERCQ
to resist US
sanctions
PARIS: The French government
said it would see through planned BY D UB A I N E W S RO O M
pension reforms but said the new Protesters
system that has sparked nationwide taking part DUBAI: Iranian President Has-
strikes would be introduced grad- in nationwide san Rouhani presented a draft
ually and public concerns would strikes, with state budget of about US$39
be addressed. one of them billion (RM162.24 billion) to
Transport systems were par- holding a parliament yesterday, saying it
alysed for a fourth day yesterday placard that was designed to resist US sanc-
as unions at state railway SNCF reads ‘Let tions by limiting dependence
and Paris public transport system them come on oil exports, which Washing-
RATP extended their strike against take me’, in ton has targeted.
the changes. Paris, France US President Donald Trump
“I am determined to take this on Saturday. pulled the US out of a multilateral
pension reform to its completion Photo by nuclear deal with Iran last year
and ... I will address people’s con- Reuters and reimposed sanctions on Iran,
cerns about it,” Prime Minister focusing on its vital oil industry.
Edouard Philippe told Le Journal “This is a budget to resist
du Dimanche. sanctions ... with the least pos-
“If we do not implement a thor- sible dependence on oil,” Rou-
ough, serious, and progressive re- hani told parliament, according
form today, someone else will do France Info the government would and terms,” she said. lose under the new system. Not to state television.
one tomorrow, but really brutally,” be flexible about both the timelime She said a date would be set to everybody will lose. It will be rath- He gave the value of the draft
he told the weekly publication. and implementation of the reforms. implement the new system but er positive for a significant part of budget at about 4,845 trillion
Philippe has said he will present “Timelines may be relaxed if people’s pension rights would be French citizens,” she said. rials (US$38.8 billion at the free
a detailed outline of the pension necessary and we may differen- calculated proportionally based on Philippe Martinez, the leader of market rate) for the next Irani-
reform plan on Wednesday. tiate how each special pension how much time they had worked the CGT union, said the CGT would an year which starts on March
Deputy Environment Minis- system converges with the new under the new and old systems. fight until the government dropped 20, 2020. — Reuters
ter Emmanuel Wargon told radio system under different deadlines “Some say that everybody will the plan. — Reuters

US, Iran swap prisoners in rare act of cooperation

BY PAR I SA HA FEZI years on spying charges, while the Wang appeared to be in good Trump thanked Iran on Twitter espionage charges and sentenced to
& DAVID BRUNNSTROM US freed Iranian Massoud Soleim- health and humour, he said. for what he called a “very fair nego- 10 years in prison in 2017. His fam-
ani. He had been facing charges Switzerland facilitated the swap. tiation” that led to the exchange. He ily and the university have always
DUBAI/WASHINGTON: The US of violating US sanctions against Iranian Foreign Minister Moham- said the swap showed the US and said he was in Iran for research into
and Iran each freed a prisoner on Tehran. mad Javad Zarif met Soleimani in Iran “can make a deal together”. a history degree and denied spying.
Saturday in a rare act of cooperation A senior US official said Wash- Zurich, state news agency IRNA In an earlier statement, Trump According to Princeton, he was
between two long-time foes whose ington was hopeful that Wang’s said. Soleimani, who then flew to thanked the Swiss government born in Beijing in 1980, emigrated
ties have worsened since US Pres- release would lead to the freeing of Iran, was accompanied to Switzer- for its help in negotiating Wang’s to the US in 2001 and became a
ident Donald Trump took office. other Americans held in Iran and land by Brian Hook, the US special release. naturalised US citizen in 2009. His
Iran released Xiyue Wang, a US that it was a sign Tehran was will- representative for Iran, according Wang, a Princeton University wife and child are Chinese citizens.
citizen who had been held for three ing to discuss other issues. to a US official. graduate student, was convicted on — Reuters
MONDAY DEC E MBE R 9 , 20 1 9 • T HEED G E FINA NCIA L DA ILY 15
16 FO CU S M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

UK’s Johnson ahead but polls

suggest majority might be tough
Conservatives are leading the Labour Party by between eight and 15 points
BY WILLIAM SCHOMBERG & MICHAEL HOLDEN is, also using the MRP model and based on
500,000 online interviews, predicted that
LONDON: Prime Minister Boris Johnson is Johnson would win a majority of 38 votes
heading into Britain’s election this week with a in parliament this week, down from a pro-
lead in opinion polls, but some of the surveys jection of 48 votes two weeks ago.
also suggest that his chance of winning a Par- “We have never seen as many undecided
liamentary majority could be too close to call. voters this late in the campaign,” Dataprax-
Four opinion polls published on Saturday is boss Paul Hilder said. “As many as 80 to
put the lead of Johnson’s Conservative Par- 90 constituencies are still up for grabs. A
ty over the main opposition Labour Party at much larger Conservative landslide is still
between eight and 15 points, five days before possible — but so is a hung parliament.”
the Dec 12 national election. YouGov said last month that its MRP mod-
At the lowest end of that range, Johnson el suggested the Conservatives were on course
cannot count on winning the majority in the for a majority of 68 votes. YouGov will publish
Parliament he needs to take Britain out of the an updated version of the poll tomorrow.
European Union (EU) by Jan 31, especially if Best for Britain, a group that wants a sec-
voters choose to put aside their usual alle- ond referendum to stop Brexit, said an MRP
giances to vote tactically over Brexit. poll it commissioned showed Johnson was
Polling firm Savanta ComRes said John- on course to win 345 seats in parliament — or
son’s lead over Labour had shrunk to eight The Sunday Times predicted that Johnson would win a majority of 38 votes in parliament this week, down a majority of 40 — without tactical voting, a
points from 10 in a previous poll published from a projection of 48 votes two weeks ago. Photo by Reuters term for when people back parties they do not
last Wednesday — the tightest margin of Sat- usually support in an attempt to defeat others.
urday’s four surveys. But tactical voting by 41,000 voters in
Its head of politics, Chris Hopkins, said the second referendum on a new Brexit deal un- membership referendum. just 36 swing seats could prevent Johnson
final few days of the campaign could be crucial. der its veteran socialist leader Jeremy Corbyn. However, one poll, published before the 2017 from getting a majority, it said.
“The margins are incredibly tight,” he said. Opinion pollsters were embarrassed by election, by YouGov, was more accurate in pre- “This election is on a knife-edge,” the
“The Conservative lead over Labour dropping Britain’s last election in 2017, when they un- dicting the number of seats won by each party. group’s chief executive Naomi Smith said.
or increasing by one or two points could be the derestimated the size of Labour’s support Known as an MRP poll — an acronym for “If enough remainers hold their nose and
difference between a hung parliament and a which cost previous prime minister Theresa its Multilevel Regression and Post-stratifica- vote for the candidate with the best chance
sizeable Conservative majority.” May her majority and threw Brexit into chaos. tion model — it predicted 93% of results in of stopping the Tories (Conservatives) in
The election pits Johnson’s plan to get Brexit They also failed to predict the victo- individual constituencies correctly. their seat we’re heading for a hung parlia-
done next month against Labour’s call for a ry of the Leave campaign in the 2016 EU The Sunday Times said a poll by Dataprax- ment and a final say referendum.” — Reuters

How each UK election outcome could impact the stock market

ANYTHING is still possible for this week’s broadband infrastructure unit.
UK election, but one outcome would suit Those policies would “clearly hit par-
many stock investors better than most. ticular segments of the market hard,” as
“For equities, the best result is a decent the businesses would probably be pur-
Conservative majority,” said Kim Catechis, chased at below market price, Thomp-
head of investment strategy at Martin Cur- son wrote in a November report. Utili-
rie, an affiliate of Legg Mason Inc, manag- ties such as SSE plc and postal operator
ing about US$17 billion (RM70.72 billion). Royal Mail plc are among stocks that
A decisive victory for Prime Minister Bo- may have most to lose.
ris Johnson would see domestic shares out- But it is not just Labour’s plans on pub-
perform, according to Catechis, who wrote lic ownership that have sections of the
in a report last week that such a scenario market worried. Corbyn has also vowed
would lead to increased fiscal stimulus, to roll back tax cuts seen under the Con-
reduced uncertainty and falling risk pre- servatives and to force larger companies
miums. Optimism that the Tories will win to hand equity stakes to staff, while in-
a majority in this week’s vote has led to the troducing a levy on overseas companies
sterling’s longest winning streak since June. buying housing in Britain.
By contrast, a Labour majority would
clearly be the worst outcome for stocks, Conservative minority
said Rupert Thompson, head of research In the event of a hung parliament — as was
at £1.9 billion (RM10.38 billion) fund man- the case in 2017 — the impact on equities
ager Kingswood, particularly for sectors is less straightforward.
such as utilities and transport that have Conservative majority uncertainty stemming from Brexit. Liberum Were Johnson able to stay in office
most to lose from Jeremy Corbyn’s na- As Catechis notes, a Conservative ma- analysts Charlie Campbell and Marcus Cole by forming a coalition, but without ex-
tionalisation plans. jority would likely boost risk appetite. cautioned in a note last Thursday that the plicit support for his Brexit plan from
For those betting on a rally, it’s as well Cyclical stocks whose earnings are tied market has already priced in a 10% to 15% the partnering party, domestic-focused
that the Conservatives are ahead in the polls. to economic prosperity would probably improvement in profits in expectation of a sectors such as housebuilders and re-
However, these have been wrong before and see the biggest benefit, such as banks, real calmer political outlook. tailers would likely fall due to the po-
even if they prove accurate, a likely rise in estate and retail. tential for a no-deal Brexit to return to
the pound following an outright Tory win However, given many stocks from those Labour majority the table, according to Colm Harney,
would be sure to weigh on international sectors rallied over the past few months A Labour majority is by far the least desir- a UK equity analyst at asset manager
companies that earn large proportions of as no-deal Brexit risk receded, the upside able outcome for stocks, said Kingswood’s Sarasin & Partners.
their revenue outside the UK. might be contained. Thompson, noting Corbyn’s “radical” nation- By contrast, domestic UK stocks might
Here’s a look at how each possible elec- Take home-builders, for example, one alisation plans for industries including water, respond positively should the Conserva-
tion outcome might affect UK stocks. of the sectors most impacted by economic the railways and BT Group plc’s Openreach CON T I N UES N EX T PAGE
MONDAY DEC E MBE R 9 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY
FO CU S 17

Britain’s latest Battle of Hastings is about the economy

BY JILL WARD & TIAGO RAMOS ALFARO “Aspiration is definitely one of the things In Hastings, about 70 miles from London former Home Secretary Amber Rudd won
that matters in this election,” said Sonia and still counted as part of the UK’s wealth- the seat by just 346 ballots. Rudd, who
THE people of Hastings on England’s Blizzard, founder and managing director iest region, the contrast between those with wants to keep a close relationship with the
south coast know a thing or two about of Beaming, an Internet services provider access to opportunities and those without EU, was barred from running for a seat as
staging a battle. based near the town that employs about 20 is glaring. It’s one of a dozen “social mobil- a Conservative after the party blamed her
The decisive defeat to Norman invad- people. “People need to feel that they can ity and opportunity areas” in a government for disrupting Brexit.
ers in 1066 is one of the most notorious access jobs and the economy in the way programme aimed at boosting skills. The new candidate for the area, Sally-Ann
events in British history. More recently, that other parts of the UK can.” Pockets of deprivation are made even Hart, did not respond to repeated requests
the seaside town has seen conflict as the The lack of skills is both a threat to busi- more conspicuous by those known locally for comment. She lists bringing more skilled
country tears itself apart over member- ness and a key part of the election. For years, as the “Down From Londons,” incomers and higher-paying jobs to the area as some
ship of the European Union (EU). The migrant labour, particularly from the EU’s who are more affluent and move to Hast- of the most pressing local challenges on her
last election two years ago was such a poorer eastern members, has plugged the ings for its cheaper housing, burgeoning website. Nationally, Johnson is pledging
close contest in Hastings that it went to gap. But such workers have been increas- arts scene and seaside lifestyle. Moreover, new funding for specialist institutes as he
a recount and almost cost a top govern- ingly leaving or not even arriving ahead of they are more likely to want to remain in tries to come out of the shadow of almost
ment minister her job. Brexit, which is currently scheduled for Jan the EU and keep the country open to im- a decade of spending cuts under his Con-
With another vote coming on Dec 12, 31 after numerous delays. migration. servative predecessors.
the town is again witnessing a key politi- Average salaries in IT have already ris- Support for Brexit in the 2016 referen- Given the wafer thin majority and eco-
cal fight, and it is one that encapsulates en by about £10,000 over the last two years dum was 75% among those with no qual- nomic backdrop, Hastings is a target of the
more than just the struggle over Brex- as a result, according to recruitment firm ifications, according to the Joseph Rown- opposition Labour Party and candidate Pe-
it. The underlying economic malaise in Broadbean. Educators, meanwhile, bemoan tree Foundation. Overall, 55% of Hastings ter Chowney has made whittling the skills
Hastings and similar places helps explain a lack of funding that leaves many locked residents voted to leave, just above the 52% shortage a key part of his election pledges.
how Britain has ended up at what is likely out of progress. nationwide. Leader Jeremy Corbyn, an avowed so-
to be a watershed moment. In the UK, it takes five generations for An antique shop on the seafront has a cialist who is promising to tax the rich to
Statistics show that a greater propor- the descendants of a low-income family to “stop Brexit” sticker in its window display, pay for higher government spending, held
tion of people in Hastings is likely to have reach the average income compared with littered with vases, marble busts and vin- a rally on Dec 2 in Hastings. He addressed
no formal education than most other plac- two or three in Scandinavia, according to tage jewellery. A café nearby serves Mex- inequality, homelessness, and his party’s
es in Britain. A fifth of the working-age the Organisation for Economic Coopera- ican-style hot chocolate and sourdough proposed “National Education Service,”
population has no qualifications whatso- tion and Development. Fears over automa- sandwiches. Meanwhile, one job agency offering free education throughout peo-
ever. The University of Brighton shut its tion — companies opting for robots rather in the town centre advertises for seasonal ple’s lives.
Hastings campus at the end of September than people should labour costs rise after turkey pluckers, part-time cleaners and For Dan Shelley, an executive director
due to a lack of students. Brexit — also loom. forklift operators. at the East Sussex College Group — which
The town also has one of the highest “If people don’t feel they can participate “There’s been an element of gentrifica- has a campus in Hastings — the pledges are
percentages of rough sleepers. Locals and benefit from the economy of the fu- tion, but is there any real impact on the welcome. Because of cuts to education, the
are often stuck in joblessness for gener- ture, they will vote for policies that thwart hardest-to-reach, most deprived neigh- college is only able to offer 16-hour weeks
ations, yet employers ranging from high- modernisation of the economy,” Minouche bourhoods? I would say no,” said Nick Perry, of teaching for its full-time courses as op-
tech manufacturers to basic healthcare Shafik, head of the London School of Eco- who is running as the anti-Brexit Liberal posed to the 30 hours he would like.
providers struggle to recruit. nomics and a former Bank of England policy Democrat candidate. “In fact, things are “There’s been a bit of an arms race going
The disparities over skills and oppor- maker, said in an interview on Bloomberg getting worse. There is wealth and extreme on about spending on education, particu-
tunity as well as income, meanwhile, are Television. “Much of the politics of today, poverty quite close to each other.” larly for further education, which is music
being amplified by an election campaign the sort of nostalgia politics we see, is a re- A recent YouGov poll estimated that to my ears,” said Shelley. “But it’s a bit like,
where rival parties are promising to tackle flection of individuals feeling like ‘I haven’t Prime Minister Boris Johnson’s Conserv- where have you been for the last 20 years?
inequality by educating more or relying got a chance in that future, so I’m going to atives will win in Hastings and Rye again, Because it’s just been cut after cut after
less on foreign workers. do everything I can to thwart it.”’ though not by very much. In the 2017 vote, cut.” — Bloomberg

British prime
minister promises
A Labour majority is by far the least desirable
outcome for stocks, says Thompson.
lower immigration
Photo by Bloomberg if he wins vote
BY WILLIAM JAMES
FROM P R EV I O U S PAG E
tives team up with a remain-backing party LONDON: British Prime Minister Bo-
like the Liberal Democrats and agree to ris Johnson promised lower immigra-
a second Brexit referendum, given the tion if he wins power in an election on
potential combination of Conservative Thursday, but said he was not hostile to
policies and an abandonment of the di- allowing foreigners to work and live in
vorce, Harney said in emailed comments. Britain overall.
These are the stocks to watch as UK Britain votes on Dec 12 in an election
heads to the polls again which will decide the fate of Brexit and
the world’s fifth largest economy with a
Labour minority stark choice between Johnson’s pro-mar-
While the immediate stock market reac- ket Conservatives and the socialist-led
tion to a Labour minority would likely be opposition Labour Party.
negative, the make-up of the government “Numbers will come down because
would determine the longer-term reaction, we’ll be able to control the system in
according to Harney. that way,” Johnson told Sky News. “And
“A broad alliance, including the Liberal what I don’t think is right is to have an
Democrats and the Scottish National Par- uncontrolled and unlimited approach
ty (SNP), would be the most positive out- to that.”
come, as the smaller parties would likely Johnson has promised a points-based
block the most economically damaging approach to controlling immigration. He
Labour proposals,” he said. Such a sce- said his focus would be cutting down on
nario might benefit stocks such as Royal unskilled migration, but that there would
Bank of Scotland Group plc and Lloyds be scope for high skilled and other work-
Banking Group plc. ers to come to Britain.
Labour teaming up with just one par- “I’m not hostile to immigration ... I’m
ty, such as the SNP, to form a coalition a believer in allowing people to come
government could be negative for stocks, to this country and I think if they have
however, if it looked like Corbyn might be talents and they want to do things and
able to implement large proportions of his make their lives in the UK and they can
manifesto, Harney added. — Bloomberg contribute to our country — fantastic.”
— Reuters
18 WORLD M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

Hong Kong AmCham chairman, president denied entry to Macau North Korea
carries out test at
BY A N N E MA RI E ROA NTR EE Chairman Robert Grieves and structively forge ahead,” they said zled as to why she was prevented
president Tara Joseph were trav- in a statement. from crossing into the gambling dismantled launch
HONG KONG: The chairman and
president of the American Chamber
elling to the former Portuguese
colony of Macau for the annual
The pair were told to sign a state-
ment saying that they “voluntar-
hub for the annual event which
is also attended by the US Consul
site — KCNA
of Commerce (AmCham) in Hong AmCham Macau Ball and said au- ily agreed not to pursue entry to General of Hong Kong and Macau,
Kong were separately denied entry thorities did not provide a reason Macau.” Hanscom Smith. BY J O S H S MIT H
to the neighbouring Chinese-ruled for refusing to allow them entry. Macau immigration authorities “I have no idea. I was quite sur-
city of Macau on Saturday after “We hope that this is just an could not be reached for comment prised. They were not rude. There SEOUL: North Korea has carried
being detained by immigration overreaction to current events and outside of business hours. was never any manhandling or out a “very important” test at its
officials. that international business can con- Joseph told Reuters she was puz- rudeness,” she said. — Reuters Sohae satellite launch site, state
media KCNA reported yesterday,
a rocket testing ground that US
officials once said Pyongyang

Thousands rally in HK
had promised to close.
The reported test comes as a
year-end deadline North Korea
has imposed nears, warning it
could take a “new path” amid
stalled denuclearisation talks
with the US. The KCNA report
called it a “successful test of great
significance” on Saturday but
Authorities give the green light to the CHRF, the first time since Aug 18 did not specify what was tested.
South Korea’s defence ministry
REUTERS said South Korea and the US are
BY K AT E O’ DON N EL L- L A MB & cooperating closely in monitoring
J ESSI E PA N G activities at major North Korean
sites including Tongchang-ri, the
HONG KONG: Thousands of black- area where Sohae is located.
clad protesters from all walks of life Missile experts said it ap-
gathered in Hong Kong yesterday peared likely the North Kore-
under a crisp blue sky for a rally ans had conducted a static test
that is expected to gauge support of a rocket engine, rather than a
for democracy in the financial hub missile launch, which are usually
which has been roiled by protests quickly detected by neighbouring
for six months. South Korea and Japan.
Anti-government activists, “If it is indeed a static engine test
young and old, converged in Vic- for a new solid or liquid fuel mis-
toria Park, the starting point of the sile, it is yet another loud signal that
rally in the bustling shopping dis- the door for diplomacy is quickly
trict of Causeway Bay before mak- slamming, if it isn’t already,” said
ing their way to Chater Road near Vipin Narang, a nuclear affairs ex-
the heart of the financial district. pert at the Massachusetts Institute
Authorities gave the green light of Technology in the US.
to Civil Human Rights Front (CHRF) “This could be a very credi-
— organiser of largely peaceful ble signal of what might await
million-strong marches in June — the world after the New Year.”
to hold the rally, the first time the — Reuters
group has been granted permission
for a protest since Aug 18.
“I will fight for freedom until I
die because I am a Hong Konger,”
S’pore: Fighter
said June, a 40-year-old mother jet unit on Guam
dressed in black seated on the
grass in Victoria Park. “Today sign of trajectory
(yesterday) is about standing with
Hong Kong, and the international BY W E S G O O D MA N & G L E N C A R E Y
community.”
Others chanted, “Fight for Free- SINGAPORE/WASHINGTON: Sin-
dom, stand with Hong Kong,” one gapore’s agreement to establish
of the slogans of the anti-govern- a fighter jet training detachment
ment movement. Protesters attending a Human Rights Day march, organised by the Civil Human Rights Front, in Hong Kong, China yesterday. on Guam “sets the trajectory” in
Police said earlier yesterday they which the city state sees itself in
had arrested 11 people, aged 20 to partnership with the US, its de-
63 and seized weapons including Many demonstrators sat on the lar protests, most of which started that would have allowed people to fence chief said.
army knives, firecrackers, 105 bul- grass in Victoria Park waiting for out peacefully but later descended be sent to mainland China for trial, Defense Minister Ng Eng Hen
lets and a semi-automatic pistol, organisers to announce the start into violence. but have now evolved into broader and US Secretary of Defense Mark
the first seizure of a handgun in of the march scheduled for 3pm The protests escalated in June calls for democracy, among other Esper signed the agreement,
six months of protests. that will follow the route of simi- over a now-shelved extradition bill demands. — Reuters which followed the recent renew-
al of a pact that allows American
forces use of Singapore bases,
according to a statement on the

‘Denuclearisation off negotiating table with US’ Singapore ministry of defence’s

website.
Most leaders and people in
Asia would say they want Ameri-
BY M I C HEL L E N I CHOL S & sought to play down a recent surge interfere with that, but we’ll have to a year-end deadline set by North ca’s presence to be continued, Ng
DAVID BRUNNSTROM in tensions with North Korea, stress- see ... I think he’d like to see some- Korea, which has called on the US said on Saturday at the Reagan Na-
ing what he said was his good rela- thing happen. The relationship is to change its policy of insisting on tional Defense Forum in Simi Val-
UNITED NATIONS/WASHING- tionship with its leader Kim Jong-un very good, but you know, there is Pyongyang’s unilateral denuclear- ley, California. “They don’t want
TON: North Korea’s ambassador to and saying he thought Kim wanted certain hostility, there’s no ques- isation and demanded relief from to choose between great power
the United Nations said on Satur- a deal, not to interfere in next year’s tion about it.” punishing sanctions. rivalry between the US and Chi-
day that denuclearisation is off the US presidential election. Trump has invested considera- Kim has warned of an unspec- na, but they also both want to be
negotiating table with the US and “We’ll see about North Korea. I’d ble time trying to persuade North ified “new path” next year, raising involved, including other powers.”
lengthy talks with Washington are be surprised if North Korea acted Korea to give up a nuclear weap- fears this could mean an end to a Ng said US domestic politics,
not needed, the starkest statement hostilely,” Trump told reporters at ons programme that has grown suspension in nuclear bomb and which he described as “not busi-
yet emphasising the gulf between the White House before leaving to threaten the US, but progress long-range missile testing in place ness as usual” and “hard not to
the two sides ahead of a year-end for Florida. has been scant in spite of his three since 2017 that Trump has held up notice,” are causing an adjustment
deadline set by Pyongyang. “He knows I have an election meetings with Kim. as a key win from his engagement in policy, without elaborating. —
US President Donald Trump coming up. I don’t think he wants to Tensions have risen ahead of efforts. — Reuters Bloomberg
MONDAY DEC E MBE R 9 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
F E AT U R E 1 9

How soybeans became ubiquitous

A mix of valuable characteristics and luck enabled the legume’s US rise. Has the luck run out?
BY J UST I N FOX Still, the news from Washington

I
has not always been good. In June
n 1905, the US Department 1973 the Richard Nixon adminis-
of Agriculture (USDA) sent tration, misreading signals from
Frank Meyer to China to look soybean futures markets that of-
for interesting seeds. Over the ficials thought portended a major
next three years the Neth- shortage, imposed an embargo on
erlands-born plant explor- soybean exports. It lasted only a
er, who had trained at the famous week, but is widely credited with
Hortus Botanicus in Amsterdam jump-starting the rival Brazilian
(and changed his name from Frans soybean industry because buyers
Meijer when he emigrated to the in Japan no longer felt they could
US), would send back thousands of rely on US supplies. The subse-
seeds, cuttings and whole plants. quent embargo of the Soviet Un-
Among that bounty were the slight- ion imposed by president Jimmy
ly sweet variety of lemon that was Carter in 1980 in retaliation for the
later named after him, and 44 va- invasion of Afghanistan may have
rieties of soybean. cemented Brazil’s rise as a major
These were not the first soybeans soy power.
in the Americas. China’s economic growth and
Benjamin Franklin had sent ravenous demand for soy to feed its
some back to Philadelphia from hogs subsequently provided a huge
London in 1770, noting that in Chi- US, not far behind corn and way new market, enabling US soybean
na people were said to make “a ahead of everything else, as well exports to keep growing even as
cheese” out of them. Five years be- as the country’s most important competition from Brazil and else-
fore that a former East India Com- agricultural export. Those exports where intensified. About half the
pany sailor had planted a few in have fallen 29% since 2017 because soybeans grown in the US in recent
Savannah, Georgia, and later even of President Donald Trump’s trade decades have ended up overseas,
figured out how to make soy sauce. war with China, but the pain this exported mostly as whole beans but
In the 1800s there were more US has caused in the Midwest and the also in the form of meal or oil. Over
soy-growing experiments, and la- billions of dollars that the Trump the past two years, though, China
bourers recruited from China and administration has forked over to has sharply reduced soybean im-
Japan began to bring not only the assuage it are yet another indica- ports from the US in retaliation for
beans but also a taste for things tion of how important soybeans tariffs on Chinese goods imposed
made out of them. By the time Mey- have become. by president Trump. As recom-
er travelled to China there were Where do all these soybeans go? pense, the Trump administration
dozens of tofu shops catering to Mainly into livestock feed here and has handed over US$8.6 billion
Japanese immigrants up and down abroad. In the US, soybean meal is (RM35.78 billion)(and counting)
the West Coast. used most intensively in chicken in subsidies to soybean farmers,
But Meyer’s beans were part of feed, which is significant because according to an Environmental
a concerted effort that by the early per-capita chicken consumption Working Group analysis of USDA
1940s had enabled the US to pass has more than quadrupled since data, with soybean payments now
China to become the world’s top the 1950s, while beef and pork con- accounting for about one-third of
soybean producer. His employer, sumption are down. plant rich in protein that makes soybean oil, for example, offered a all farm subsidies, up from 11.6%
the USDA, was the most important The second most important an excellent complement to what way around a federal tax on artifi- over the past quarter century.
agent of soy’s rise, but there were product derived from soybeans is was already the nation’s signature cially coloured yellow margarine I emailed Magic Bean author
many others, from agricultural-sci- oil. Some of that ends up in ined- crop: maize, aka corn. With help that had been enacted in 1902 at Roth, who is now assistant direc-
ence professors at Midwestern uni- ible products such as wood stains from bacteria that like to hang out the behest of the dairy industry. tor of the Andrea Mitchell Center
versities to Seventh-day Adventists and tyres, but most goes into food. among their roots, soybean plants This tax was extended to all yellow for the Study of Democracy at the
in search of protein-rich vegetarian This country produces four times put back into the soil the key nutri- margarine in 1932, but a tariff on University of Pennsylvania, to get
foods to business titan Henry Ford, more edible oil from soybeans than ent, nitrogen, that corn takes out. foreign vegetable oils imposed two his take on these developments,
who envisioned a world in which from the No 2 source of vegeta- That is why soybeans and corn are years later offered another boost to which were too late for inclusion
more or less everything would be ble oil, corn. Few people set out to usually grown in rotation, togeth- soybeans. The landmark Agricultur- in his book. After reviewing the
made of soy, including cars and consume soybean oil, but it is the er dominating the US agricultural al Adjustment Act of 1933, mean- negative impact of the embargoes
clothing. No 1 ingredient in Hellman’s Real landscape from the middle of Ne- while, paid farmers to let fields lie of 1973 and 1980, he concluded:
The US$39,000 “soybean suit” Mayonnaise, its doppelganger from braska to western Pennsylvania, fallow in an effort to stabilise ag- Whatever the shakeout from the
that Ford proudly donned in 1941 Best Foods, Crisco shortening and from northeastern North Dakota ricultural prices. Crops planted to trade war more generally, it looks
was only one-quarter soy fibre, Wish-Bone Italian dressing. It is No to northeastern Louisiana. improve the soil were exempted like the effect on soy farmers may
though (the rest was wool). Soy 2, after flour, in Ritz crackers. Mc- Still, other bean crops fix nitro- from the law’s restrictions, which be long-lasting. (Though when it
fabrics proved impractical, and Donald’s fries are cooked in a mix gen in the soil, too, and — edama- led to lots of acres being planted comes to predicting the future, do
most of the other non-food soy of it, corn oil and canola oil. me aside — it takes a lot of work with soybeans. Most of these were not ask a historian.)
uses envisioned by Ford and oth- This ubiquity of soybeans in the to transform soybeans into some- initially just plowed back under, Last week China began waiving
ers in the 1930s and 1940s never US demands explanation. When thing palatable and useful. Major but the USDA started granting ex- tariffs on US soybeans in a sign of
panned out. Despite the spread of I went searching for one a couple investment in soybean-processing emptions to struggling farmers that a possible winding-down of the
Chinese and Japanese cuisine and of weeks ago, I found that some- equipment and technology had to allowed them to use the beans as trade conflict. Still, tensions be-
occasional commercial successes one had recently devoted an en- coincide with major diversion of feed or even sell them. tween China and the US are not
such as Tofutti, soy milk and the tire book to giving one. Historian cropland into soybeans, which is After World War II, which going away, and like their Japanese
Gardein Holiday Roast that a team Matthew Roth’s Magic Bean: The what happened in the 1930s and brought new soybean uses such counterparts nearly half a century
of Bloomberg News journalists re- Rise of Soy in America came out 1940s. as the biscuits made of soy, wheat ago, Chinese entrepreneurs and
cently judged to be the best vegan in 2018, and it is great. Almost all This was partly the doing of and oat flour that were a key part of officials are now looking for ways
Thanksgiving “turkey”, soy has nev- the soybean history recited so far risk-taking private actors such as military K rations, soybean farmers to reduce their dependence on
er entirely captured the hearts of in this column is derived from it. Henry Ford, Illinois-based soy- had become a big enough constit- US soybeans. The country cannot
American consumers, either. For And while I would advise the cu- bean processor AE Staley and the uency that Congress began to help feasibly grow enough domestically
the past two decades, demand has rious just to go out and buy the Glidden Co’s Adrian Joyce, who them intentionally. The margarine to meet demand, reports business
been dampened somewhat by con- book, I have a few more thoughts steered the manufacturer of paints tax was repealed in 1950, and the publication Caixin, so among oth-
cerns about soy allergies and side inspired by it. and foodstuffs into soy in a big way Agricultural Trade Development er things it has been exploring new
effects of the estrogen-like isofla- Roth wonders in the introduc- in the early 1930s. But it probably and Assistance Act of 1954 began soybean frontiers just across the
vones naturally present in soy. tion to Magic Bean whether the could not have succeeded with- a policy of subsidising food ex- border in Russia. Could Donald
This has not stopped US soy- soybean’s American triumph was out the US Congress, which re- ports that proved hugely beneficial Trump end up indirectly launch-
bean acreage and production from destined from the start or the result peatedly aided soy without really for soy. Many government actions ing a Russian soybean industry?
continuing to rise, though. It is the of a succession of lucky breaks. The meaning to. since then have been aimed at help- Well, stranger things have hap-
second-most valuable crop in the argument for destiny is that it is a The yellowish tint of unbleached ing US soybean farmers. pened. — Bloomberg
20 H O M E B U S I N E S S M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

HALAL SEASONING MAKER ... (From left) Astramina Group Bhd export sales manager Teng Woei Jiunn, finance and administration manager Michelle Kuan Yen Tuo, non-independent non-executive
director Datin Wong Muh Rong, group managing director Datuk Foo Chi Ching, chairman Tan Sri Wong See Wah and wife Puan Sri Wu Shya Kwee, account manager Lim Foo Yek and technical manager Goh Sim Cheng as
well as DWA Advisory Sdn Bhd managing principal Datuk Wan Asmadi Wan Ahmad at the listing ceremony of the halal seasoning product manufacturer on the Leading Entrepreneur Accelerator Platform (LEAP) Market
of Bursa Malaysia in Kuala Lumpur on Dec 3.

1 2

3 4

WEEK IN FOCUS
1 CIMB Group Holdings Bhd group chief
executive officer (CEO) Tengku Datuk
Seri Zafrul Aziz (in white) handing out
signing ceremony to announce a col-
laboration to integrate the CTOS eKYC
(digital know-your-customer) solution
teGo fully-automatic espresso machine
in Kuala Lumpur on Dec 3.
CEO Kamarul Ariffin Mohd Jamil, Char-
lton Media Group editor-in-chief and
managing director Timothy Charlton as
food to employees during CIMB’s Em-
ployee Appreciation Week, held nation-
wide recently to thank and appreciate
into Alliance Bank’s product offerings
in Kuala Lumpur recently. 4 (From left) Pekat Solar Sdn Bhd man-
aging director Wee Chek Aik, Allianz
Malaysia Bhd CEO Zakri Khir and Anora
well as Affin Bank director of SME (small
and medium enterprise) banking Lim Kee
Yong at the Malaysia Technology Excel-
over 15,000 employees for their hard work
and contribution to the group. 3 (From left) Malaysia Specialty Coffee
Association president Yip Leong Sum,
Philips Malaysia country manager Mu-
Agency Sdn Bhd CEO Samuel Soon at the
signing ceremony of a memorandum of
understanding in Kuala Lumpur on Dec
lence Awards 2019 in Kuala Lumpur on
Dec 3. Affin Bank received recognition
for the mobile category in the banking

2 (From left) Alliance Bank Malaysia Bhd

head of group consumer banking Gan
Pai Li and group CEO Joel Kornreich as
hammad Ali Jaleel, Philips Asean Pacific
head of marketing Lian Vergeer-Langens
as well as Philips Malaysia head of mar-
6 to further the companies’ commitment
to promoting solar energy as the nation’s
primary source of energy generation.
industry, given for the bank’s latest digi-
tal initiative through development of the
SMEColony mobile application.
well as CTOS Holdings Sdn Bhd group keting Wendy Ho and product executive
CEO Dennis Martin and CTOS Data
Systems Sdn Bhd CEO Eric Chin at the
for coffee Leong Chit Hong at the launch
ceremony of the Philips 3200 Series Lat- 5 (From left) Affin Islamic Bank Bhd CEO
Nazlee Khalifah, Affin Bank Bhd group 6 Lazada Malaysia chief business officer
Kevin Lee (left) and chief marketing of-
MONDAY DEC E MBE R 9 , 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

ficer Diana Boo officiating at the launch Kuala Lumpur on Dec 3 of a financing Celcom Axiata Bhd chief strategy and val- three-month Jom Transform Programme
ceremony of Lazada’s 12.12 Grand Year facility agreement to provide RM98.35 ue creation officer Muniff Kamaruddin as are expected to see their productivity
End Sale in Kuala Lumpur on Dec 5 as million worth of financing solutions to well as the ministry of communications rise by up to 30% through digitalisation.
well as announcing that the Lazada SVP, a registered Petroliam Nasional and multimedia’s deputy secretary-gen- Present at the Showcase Day event were
Wallet can now be used as a payment Bhd vendor specialising in upstream eral (telecommunications infrastructure UOB Malaysia CEO Wong Kim Choong
option at selected physical brand part- well intervention activities. and digital economy) Tan Chuan Ou an- (front row, fourth from right) as well as
ner stores. nouncing a collaboration in fifth-genera- managing director and head of group

7 (From left) Bank Islam Malaysia Bhd

CEO Mohd Muazzam Mohamed and
8 (From left) Malaysian Communications
and Multimedia Commission chief cor-
porate officer Datuk Mohd Ali Hanafiah
tion and Internet of things development
among Celcom, UTM and Ericsson in
Kuala Lumpur on Dec 2.
channels and digitalisation Janet Young
(front row, fifth from right), together
with The FinLab co-head Pauline Sim
head of commercial banking Ahmad Mohd Yunus, Universiti Teknologi Ma- (front row, far right) as well as represent-
Haliman Abdul Halim as well as Setegap
Ventures Petroleum Sdn Bhd (SVP) CEO
Mohd Shahrin Saad and chairman Datuk
laysia (UTM) Kuala Lumpur campus pro-
vice chancellor Professor Dr Shamsul
Sahibuddin, head of Ericsson Malaysia,
9 United Overseas Bank (Malaysia) Bhd
(UOB Malaysia) and The FinLab an-
nouncing in Kuala Lumpur on Dec 4
atives of UOB Malaysia’s management
team, programme partners, technology
solution providers and the 16 partici-
Nasri Nasrun at the signing ceremony in Sri Lanka and Bangladesh Todd Ashton, that the SMEs that have completed the pating SMEs.
22
live it!
M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

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

PHOTOS BY BLOOMBERG

Personal
ASSISTANT
CO M PI L ED BY L A KSHM I SEKHAR While the
Taycan does
not have a huge
competitive set,
WORK. LIFE. BALANCE it finds itself in
an elite context.

CHECK out Drift, an exhibition that melds a

perspective on helplessness and unfulfilled
wishes. Featuring artists Viko Zhijune and
Ryuna Lee, Drift gives an insight into their
lives and their deepest longings and how they
contrast. Lee’s works touch on her teenage
yearning for candyfloss romance and innu-
endoes, while Viko’s art focuses on human
relations and the frailty of life. Running until
Dec 15, this gallery is open from 11am to 7pm,
Wednesdays to Mondays. Suma Orientalis, 11,
Lorong 11/4F, Seksyen 11, Petaling Jaya. For
more information visit sumaorientalis.com.

US$185,000 Porsche Taycan

A STEALTH
UNTIL Dec 25, One World Hotel Petaling Jaya
has a range of delectable goodies to help usher
in the festivities. You can purchase whimsical
cookies (RM22), delicious chocolates (RM61), a
REVOLUTION
Yule log cake (RM112), gingerbread (from RM9),
mince pie (RM9), stollen (RM25.50), English
Some revolutions arrive the way back down?
Naturally, the Taycan used only 2%
tus to an entire sea change in the industry
(the Model S). The Taycan looks better
fruit cake (RM32) and pudding (RM62). On the
savoury side, adorn your dinner table with the
by a quantum leap, of battery on the way back down. The
regenerative brakes, I must say, are the
than the Tesla Model S and is better built,
too, with a true sense of engineering and
hotel’s traditional roast turkey (RM480) or roast-
ed leg of lamb (RM380). The turkey is accom-
others by increments. best I have felt in any electric vehicle (EV)
ever: responsive, strong, and, most crucial,
creature comforts that only a 71-year-old
German automaker such as Porsche can
panied by a range of stuffings to choose from,
as well as roasted potatoes, buttered Brussels
With its new electric car, smooth. In the end, it was all good. More
than good — exhilarating.
provide. From the leather dashboard and
seats, the metal knobs and the sound of
sprouts , giblets and cranberry sauce. With the
lamb there is buttered seasonal vegetables,
the brand has done both A star arises
the doors when they thud shut, Taycan
feels like a real car, not an appliance or
roasted potatoes and a herb jus. To purchase
visit the hotel, call (03) 7681 1157 or email cin-
— with just a quiet whirr I had been very curious to know how this
svelte sedan fits into the current galaxy of
a big computer on wheels. Sorry, Elon.
That said, please note: This is the story
namon@oneworldhotel.com.my. electric and plug-in cars. Going into my of the gradual evolution of progress, not a
BY H ANNAH E LLI OTT test drive of the US$185,000 (RM769,600) quantum leap forward. Each of the vehicles

W
Porsche Taycan, I was armed with time in this EV set all (still) take roughly eight
hen driving the 2020 behind the wheel of everything else on the hours for a full battery charge on most
Porsche Taycan Tur- current market of electric performance: the chargers and record 250 to 300 miles of
bo S, there is a direct Polestar 1, the Jaguar I-Pace sport utility driving range, give or take. Taycan is mar-
connection between vehicle (SUV) (“a cheaper, sexier Model ginally better than most, but at this point
aggression and bat- X”), the BMW i8 sports car, electric Minis, it is a status symbol just as much as it is a
tery life. the Tesla models S and X, the now-infa- great driving car.
The ride up Highway 2 to Newcomb’s mous Fisker Karma (as I said at the time,
Ranch restaurant, high above Los Angeles, “this is a very bad car”). Heck, I even had A nod to history
loops you through hills until you are 5,600ft the world’s first drive of the pure-electric, The Taycan itself — this one white, like the
(1.71km) above sea level. It is a thrilling lo- carbon-neutral Pininfarina Battista. Mission E concept before it — was deliv-
OVER at Alliance Française Kuala Lumpur is cation to test the Taycan, the perfect place While the Taycan does not have a huge ered to me recently on a quiet Saturday
an art exhibition by painter, documentary film to revel in its whopping strength and in- competitive set, it finds itself in an elite morning. It rolled into a downtown Los
maker and activist Victor Chin. He is known exorable speed. It also sucked almost 40% context. All these cars have great strengths Angeles driveway and then sat, humming
for his works outside mainstream media and of the total battery life. As I climbed past and scattered weaknesses. Some, like the almost imperceptibly, while I walked cir-
for supporting the less privileged community. the signs to Wrightwood and the hairpin Polestar 1, are significantly stronger than cles around it. It looks like space, round-
This exhibition — Fixing Memories — includes curve carved next to the lonely ranger most when it comes to performance, range, ed at the front with a sloping hood and
16 watercolour paintings that feature scenes station halfway up, I watched the charge creature comforts, and value. Compared curved fenders. I love the dark, panoramic
from the Straits Settlements in Malaysia, such seep out of the car like I was watching my to the Taycan, Volvo’s luxury offshoot of- rooftop that spans the length of the body
as vernacular shophouses. Chin’s artworks fate unfold in an old-fashioned hourglass. fers a stylish, plush coupe that is smaller — you do not notice it at first, but the ef-
comment on our local architectural practices, Upon arriving at the top, as I parked but has longer range. fect makes the car seem stealthy when it
showing until Dec 18, from 9am to 5pm, Mon- next to the big white sign out front, I fret- Others earn kudos for beating the pack moves. The headlights, too, are great: Ori-
days to Saturdays. For more information visit ted: I may have cut it too close. Would this to market (in the case of the BMW i8, by a ented so they hang vertically, like fangs,
alliancefrancaise.org.my. new-fangled electric Porsche have enough decade or so); still others will go down in their four-point LED beams form perfect
juice to make the 40 miles (64.37km) all history as being the revolutionary impe- brackets to the front of a car, like the per-
 live it! 23
MONDAY DEC E MBE R 9 , 20 1 9 • T HE ED G E FINA NCIA L DA ILY

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

01. The cabin is nearly devoid of buttons and

knobs, opting instead to offer 50-plus inches
of touchscreen capability.

02. This is how you shift the Porsche Taycan Turbo S.

03. The rear of the car has a band of red tail lights
and a dynamic spoiler that lifts at speed.

much quicker than you are probably used

to. In simple terms: It is so fun. Driving
Taycan feels as if you have sat into a huge
magnetic disc hovercraft that whirrrrss up
and down the road. It is balanced to per-
fection around corners and never falters or
hesitates pushing up around a bend. You
will be thrilled to the feeling of it, egged on
by the whirring sound of the motors and
the sound of the tyres. Anyone who says
electric cars are not as exciting to drive as
combustion-engine cars has not driven
this one. It is intoxicating.
Not the first, but the most important
The Taycan is not the first electric vehicle
to bear the Porsche name, though it is by
far the most significant.
The EV distinction belongs to the Loh-
01 02 ner-Porsche Electromobile, which debut-
ed at the Paris Auto Expo in 1900. Porsche’s
“Semper Vivus” hybrid vehicle debuted
fect frame around your favourite photo. vintage Porsches worldwide; the dials show who do proper driving. It is stealthy and doc- soon after, both short-lived experiments
I opened the door: Everything I had speed and engine revs, maps, battery levels, ile when needed, with killer instinct on tap. doomed by underpowered motors and the
anticipated about its cabin came to life range, and drive modes. I did not so much as hear the car as feel lack of any EV infrastructure whatsoever.
the moment I sat behind the steering Thankfully, Porsche has seen fit to include it move beneath me, but as I accelerated to But the Taycan is easily the most revo-
wheel, like black and white turning into all the necessary storage space, cupholders, 40 mph or so, the sound of the tyres on the lutionary car Porsche has ever produced,
technicolor. The Taycan feels futuristic and the like inside the Taycan, while leav- road emerged, as did the hum of the motors the most do-or-die proposition in any form
and, at the same time, also familiar in ing the rest minimal. Two “trunks” come as as they operated all around me. Did anyone I that the 71-year-old brand has considered
an inevitable kind of way, like a message expected, in the traditional back of the car passed on the street realise I was driving the since it introduced the 911 — to vociferous
transmitted from another galaxy that was and under the hood. The rear seat will easily special new electric Porsche that the com- criticism — in 1963. (Critics then thought
written centuries ago. The centre console fit two adults, though legs may begin to feel pany had been hyping for years? Not to my 911 was an abomination in the face of the
between the two front seats, near where cramped after a few hours in the back. knowledge. I did not get a single glance. Not simple, slow, and curvaceous 356 that Por-
my elbows hit, has a wide touchscreen even the highway patrolman I passed on the sche had produced since 1948.)
that forms a thick divider between the The juice underneath way up to Newcomb’s noticed me doing, well, I do not envy the engineers and de-
people in the front of the car. It could eas- By now, you know the performance stats: considerably more than the speed limit per- signers and executives responsible for
ily have been mocked up from the 928’s 750 horsepower; zero to 60mph (69.56kph) mitted. (That may actually be an additional bringing forth Taycan since the Mission
own centre console design, a pleasing in 2.6 seconds; two “gears” (one for strong benefit of the Taycan’s family sedan looks, E Concept debuted four years ago. In the
nod to history past at Porsche. (The 928 power under lower speeds, the other for and its quiet drive.) auto industry, as in life, you get one chance
was discontinued in 1995.) sustained efficiency at high speeds); and a Porsche, by the way, claims it has no plans to make a first impression — especially
The console, refreshingly simple in range of 256 electric miles on a single battery to phase out the similarly-shaped Panamera; a first impression that is meant, ideally,
touchscreen format, takes up the bulk charge. But driving, of course, is different at the same time, it has not said it will electrify to land an eventually fatal blow to Tesla.
of the centre area on the dash, providing than reading figures compiled under test that one specifically, either. The compact SUV, The Taycan is the figurehead of a US$6
access for adjusting climate, navigation, lab-perfect conditions. the Macan, has already been announced as billion investment into electric mobility
drive settings, and audio. There are lots of My first sensation as I pushed the acceler- next in line for EV capability. Watch this space that will eventually reach even the 911. It
other screens in the car — 53 total inches, ator pedal heading up Angeles Crest outside closely to see how that all unfolds. represents the most money Porsche has
with virtually no buttons or knobs, except Los Angeles was one of heft: The 5,100-pound The second thing I felt when I drove was ever spent on a new model. And it pro-
for those on the steering wheel. Behind it, (2.31 tonnes) Taycan feels solid and brawny, pure speed. The Taycan swallows miles with vides the new electric platform Volkswa-
a 16.8-inch (42.67cm) screen is customis- like a proper GT car. This is no sport coupe; it voracious abandon, showing no effort what- gen-owned sibling Audi will borrow for
able through either a three-gauge setup or is not light, and it is not a whip-around kind soever, practically inhaling asphalt and gliding its own e-Tron series. It must be perfect.
the traditional five-gauge setup found in of car. This is a car for adults with real needs, over potholes as you reach triple-digit speeds I predict that wealthy, conscientious,
image-conscious consumers will con-
sider it so. As will the Porsche faithful
— many of whom are wary of what an
electric car means for the fate of the in-
ternal combustion engine at one of the
sports car brands that have produced it
most iconically. Those still voicing con-
cerns as to whether Taycan qualifies as
the new jewel in the Porsche crown, I am
guessing, I have not driven it yet. It is the
perfect augmentation to a garage already
sporting a Macan SUV or 911.
I suspect the worst thing about the
Porsche Taycan, in fact, will be trying to
get one. Porsche said it plans to make
20,000 of them in the first year of pro-
duction — but orders, by all accounts,
are closer to 40,000. To put that into per-
spective, Porsche sold 35,000 911s last
year, and fewer than 25,000 Caymans and
Boxsters combined. What is more, Por-
sche has already announced production
delays at the new Zuffenhausen factory
as the company works to meet demand.
According to Calvin Kim, the Porsche
spokesman in charge of Taycan, wait lists
to receive pre-ordered Taycans will reach
into multiple months.
To which I say, have patience. Taycan
03 is worth the wait. — Bloomberg
2 4 S P O RT S M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

Eight-gold harvest for Malaysia

Eight silver, 13 bronze medals also secured on day seven of the 30th SEA Games
BY M A Z AN I MOHD Y U SOFF were the toast of the contingent by all champions for the second time gold for the group all-around event chronised springboard.
contributing four golds, followed by since the 2005 edition with a col- at the Rizal Memorial Coliseum. The other two golds came from
MANILA: Malaysia recorded their diving with two golds while taek- lection of 89 gold, 67 silver, and 65 Rhythmic gymnastics was poomsae mixed pair in taekwon-
best performance so far with an wondo and karate-do had one each. bronze medals, while Indonesia marred by controversy as Malay- do and men’s 55kg kumite in ka-
eight-gold haul at the 30th South- Despite the gold harvest, Ma- are second with 50-49-58 and Vi- sian Gymnastics Federation presi- rate-do.
east Asian Games (SEA Games) on laysia dropped one rung to sixth etnam remained in the third spot dent Rachel Lau cried foul over the Young athlete Andre Anura Anu-
Saturday but will be hard-pressed in the medal tally with a total of with 45-50-64. judging and said she would file an ar cracked the 12-year-old national
to achieve their target of 70 gold 36 gold, 28 silver, and 42 bronze Malaysia were in a class of their official protest to the International men’s long jump record when he
medals. medals, well short of their target own for rhythmic gymnastics as Gymnastics Federation. cleared 8.02m to win silver at the
They also won eight silver and of 70 golds with just three days of Izzah Amzan reigned supreme in At the New Clark City Aquatics New Clark City Athletics Stadium.
13 bronze medals on the seventh competition left. the ball event. Izzah and Koi Sie Yan Center, national divers won two The old record of 7.88m was set
day of competition. The hosts the Philippines are were declared joint winners for rib- golds, in the men’s 3m individual by Josbert Tinus at the Thailand
The rhythmic gymnastics squad almost certain of emerging as over- bon and the Malaysian team won springboard and women’s 3m syn- Open in 2007. — Bernama

REUTERS

City title hopes in tatters as United take derby spoils

BY SIM ON EVANS (penalty) and Anthony Martial to get anywhere close to the per- There are many things to play
put Ole Gunnar Solskjaer’s side formance levels of their back-to- for. It’s difficult because the op-
MANCHESTER: Manchester City’s 2-0 up at the break and City only back title campaigns. ponents are on an incredible run,
Premier League title hopes were pulled one back in the 85th min- This was City’s fourth defeat winning 15 games out of 16,” the
in tatters after suffering a 2-1 der- ute through Nicolas Otamendi. of the season and 32 points mark Spaniard said.
by defeat at home to Manchester While over half the season re- Guardiola’s worst return after the “It is not time to think about
United on Saturday, leaving Pep mains, it is hard to see how Liv- first 16 matches of a top-flight that. [It] doesn’t matter if [we’re
Guardiola’s champions 14 points erpool can throw away this huge campaign in his managerial ca- behind] six, eight or 14 points,
behind leaders Liverpool. advantage, particularly given the reer. we have to continue. We are a
Goals from Marcus Rashford way Guardiola’s side are struggling “We have to try to continue. fantastic team.” — Reuters

Stenson wins
World Challenge Classy Kane, sensational Son power Spurs to rout of Burnley
as Woods fades
BY P HILIP O’CONNO R
BY A N DREW B OTH Son (centre) scoring Tottenham’s
LONDON: Two classy strikes by third goal of the Premier League
CARY: Henrik Stenson (pic) al- Harry Kane and a sensational solo match against Burnley at Tottenham
most made albatross at the 15th goal by Son Heung-min powered Hotspur Stadium in London, Britain on
hole en route to a one-shot vic- a dominant Tottenham Hotspur to Saturday. Photo by Reuters
tory over Jon Rahm at the Hero a 5-0 thrashing of Burnley on Sat-
World Challenge on Saturday as urday, the third straight Premier
tournament host Tiger Woods League defeat for the visitors.
faded down the stretch in the Burnley’s defence was brutal-
Bahamas. ly exposed from the beginning as
Stenson hit a mighty ap- Kane drifted across the middle and
proach shot from 260 yards smashed in an unstoppable shot
(237.7m) that almost trickled from the edge of the area after just
in at the par-five hole, and the five minutes.
tap-in eagle gave him the sole Lucas Moura doubled the ad-
lead from fast-finishing Rahm. vantage four minutes later after
The Swede held his nerve Son caused havoc with a dribble
down the stretch with three into the box. Despite his shot being
straight pars, carding six-un- blocked, Burnley failed to clear the
der-par 66 at Albany Golf Club danger and Brazilian Moura poked
on the island of New Providence. the ball over the line at the far post.
“I made some crucial par- Son made it three with a wonder
saves on 11th and 14th and ob- strike in the 32nd minute, picking up
viously shot of the day was that the ball deep in his own half before Kane exploited more bad Burn- games against Burnley. defence before Moussa Sissoko’s
five-wood to a couple of inches embarking on a searing run through ley defending early in the second For all the individual brilliance controlled finish completed the
on 15th,” Stenson said in a green- the heart of the Burnley rearguard, half as he again cut in from the on show, Tottenham’s fifth in the rout and lifted Spurs to fifth in the
side interview after finishing at and this time he made no mistake as left and rifled the ball into the top 74th minute was a team effort as table, six points behind fourth-
18-under 270. he confidently stroked the ball home. corner for his eighth goal in nine they again sliced open the Burnley placed Chelsea. — Reuters
His first victory in more than
two years will be unofficial for re-
cord purposes on the PGA Tour
due to the small 18-man field.
Woods was tied for the lead
Jones comes through late scare to win second Australian Open
with five holes left but hit three
poor shots in a row en route to a BY NICK M ULV ENNE Y gle to draw within a shot of the is a member and also secured his Jordan [Speith] is something that
bogey at the 14th hole and was lead but Jones, despite finding 2015 triumph. I’ll be able to look back on later in
never a threat thereafter. SYDNEY: Sydneysider Matt Jones a bunker from the 18th tee, held “It’s very special when it’s your life and be very proud of.”
With a 69, he finished four won his second Australian Open his nerve to nail a 5ft (1.5m) par national Open and to do it two South African Oosthuizen, us-
shots back in fourth place in a title in four years yesterday after putt on the final green and secure times is something that’s pretty ing the tournament to warm up
final competitive sortie before a two-under-par 69 in the final the title. unbelievable right now,” said the for this week’s Presidents Cup in
leading the American team as round proved just enough for a Jones, the overnight leader, Arizona-based 39-year-old. Melbourne, shot a 66 for second
a playing captain at the Presi- one-shot victory over major win- ended on 15-under 269 for tour- “It’s a great honour and to be on place with Aaron Pike (69) and
dents Cup in Australia this week. ner Louis Oosthuizen. nament to raise the Stonehaven a trophy with Jack [Nicklaus] and Japan’s Takumi Kanaya (71) in
— Reuters There was late drama when Cup for the second time at The Gary [Player] and Greg [Norman] third place a further five shots
Oosthuizen finished with an ea- Australian Golf Club, where he and Adam [Scott], Rory [McIlroy], back on nine-under. — Reuters
MONDAY DEC E MBE R 9 , 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)
7.500 5.986 7.500 7.350 7084 QL 7.450 0.040 258.1 7.455 51.95 0.60 12,087.2
Sectorial Movement 0.420 0.260
0.238 0.165 0.175
— —
0.170
9946
0037
REX
RGB
0.280
0.175
—
0.005
—
605.3
—
0.171
—
7.92
—
4.00
69.1
270.9
0.845 0.650 0.725 0.700 5278 RHONEMA 0.700 UNCH 13 0.702 14.68 4.29 127.8
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 0.971 0.272 0.710 0.680 0183 SALUTE 0.680 -0.010 703.7 0.690 — 3.53 263.8
FBM KLCI 1,568.44 4.86 0.31 CONSTRUCTION 202.39 0.96 0.48 0.340 0.225 — — 5157 SAUDEE 0.240 — — — 70.59 — 33.0
FBM ACE 4,884.33 39.19 0.81 CONSUMER PRODUCTS & SERVICES 643.36 -1.03 -0.16 0.640 0.586 0.635 0.630 9792 SEG 0.630 -0.010 408.6 0.634 17.85 3.97 796.7
1.560 1.209 1.430 1.420 5250 SEM 1.430 UNCH 272.5 1.426 29.67 1.68 1,763.7
FBM TOP 100 10,939.70 28.58 0.26 ENERGY 1,195.78 -10.42 -0.86 0.980 0.440 0.895 0.845 7180 SERNKOU 0.880 0.035 589.9 0.873 13.25 — 223.9
FBM EMAS 11,133.57 32.01 0.29 FINANCIAL SERVICES 15,222.21 -47.49 -0.31 5.865 4.741 4.970 4.910 5517 SHANG 4.970 -0.030 24.5 4.919 41.98 3.02 2,186.8
FBM MID 70 13,849.08 14.13 0.10 HEALTH CARE 1,224.84 0.92 0.08 0.600 0.415 0.475 0.475 7412 SHH 0.475 -0.005 2 0.475 — — 23.7
0.565 0.315 0.430 0.425 7246 SIGN 0.425 UNCH 103.4 0.427 — 2.35 102.1
FBM MIDS CAP 14,921.36 61.26 0.41 INDUSTRIAL PRODUCTS & SERVICES 150.02 0.33 0.22 2.382 1.969 2.370 2.320 4197 SIME 2.370 0.030 4046.8 2.361 16.56 3.80 16,119.4
FBM SMALL CAP 13,655.59 114.28 0.84 PLANTATION 7,361.31 127.80 1.77 0.405 0.085 0.235 0.180 8532 SINOTOP 0.205 0.025 4978.9 0.206 170.8 — 81.0
FBM FLEDGLING 14,878.08 122.36 0.83 PROPERTY 789.43 3.74 0.48 0.250 0.105 0.170 0.165 9776 SMCAP 0.165 UNCH 269.1 0.169 — — 35.3
0.360 0.200 0.360 0.360 7943 SNC 0.360 0.030 1 0.360 — — 23.8
FTSE4GOOD BURSA M’SIA 876.15 1.80 0.21 REAL ESTATE INVESTMENT TRUSTS 974.33 1.82 0.19
0.375 0.200 0.270 0.265 5242 SOLID 0.265 0.005 67.1 0.265 45.69 0.75 104.2
FBM PALM OIL PLANTATION MYR 15,413.13 786.88 5.38 TECHNOLOGY 36.92 0.24 0.65 2.400 1.965 — — 7103 SPRITZER 2.170 — — — 16.18 1.61 455.7
FBM EMAS SHARIAH 11,723.97 71.05 0.61 TELECOMMUNICATION & MEDIA 659.91 -2.33 -0.35 0.775 0.500 0.640 0.625 7186 SWSCAP 0.630 -0.010 674.7 0.632 — — 114.9
0.245 0.155 0.190 0.165 7082 SYF 0.180 0.015 2897.3 0.181 — 6.94 111.5
FBM HIJRAH SHARIAH 12,948.19 70.28 0.55 TRANSPORTATION & LOGISTICS 759.71 6.65 0.88
0.340 0.240 — — 7211 TAFI 0.240 — — — — — 19.2
FBM MIDS CAP SHARIAH 14,059.46 80.01 0.57 UTILITIES 958.69 10.14 1.07 1.702 1.290 1.320 1.300 4405 TCHONG 1.310 0.010 327 1.310 8.45 3.05 880.3
1.550 0.695 1.390 1.280 7439 TECGUAN 1.390 UNCH 47.6 1.381 5.52 — 55.7
0.340 0.210 0.310 0.285 7200 TEKSENG 0.295 -0.005 3319.7 0.300 — — 102.7

Bursa Malaysia Main Market 1.399 0.767 1.380

1.386 0.880 1.250
0.588 0.405 —
1.350
1.230
—
7252
9369
7230
TEOSENG
TGL
TOMEI
1.360
1.250
0.440
UNCH
0.010
—
1095.5
20.4
—
1.359
1.236
—
6.52
8.10
5.91
4.60
4.00
2.27
408.0
50.9
61.0
0.460 0.295 0.320 0.300 7176 TPC 0.320 0.005 19.8 0.310 5.67 — 74.8
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 5.988 4.320 4.470 4.390 4588 UMW 4.470 0.020 286.8 4.410 18.70 1.68 5,222.3
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 2.300 1.977 2.210 2.210 7757 UPA 2.210 -0.030 3 2.210 17.21 3.62 175.9
CONSUMER PRODUCTS & SERVICES 0.970 0.780 0.865 0.850 7240 VERTICE 0.855 0.005 789.3 0.856 — — 161.4
0.959 0.682 0.760 0.745 0012 3A 0.750 -0.010 169 0.750 11.21 2.67 369.0 1.224 0.880 — — 7203 WANGZNG 1.000 — — — 14.71 4.00 160.0
0.315 0.145 0.155 0.150 5238 AAX 0.150 UNCH 1933.7 0.150 — — 622.2 2.268 1.690 1.710 1.710 5016 WARISAN 1.710 0.010 0.1 1.710 — 2.34 114.9
0.470 0.335 — — 7120 ACOSTEC 0.350 — — — — — 68.1 0.135 0.070 0.095 0.090 5156 XDL 0.090 0.005 17550 0.090 10.84 — 162.4
1.830 1.345 1.500 1.470 6599 AEON 1.490 -0.010 1150.3 1.487 18.53 2.68 2,092.0 0.730 0.320 0.690 0.690 7121 XIANLNG 0.690 0.005 42 0.690 — — 55.2
0.185 0.100 0.110 0.105 7315 AHB 0.110 0.005 94.6 0.109 — — 19.4 2.340 1.769 — — 5584 YEELEE 2.150 — — — 15.40 1.86 411.9
2.157 1.660 1.700 1.660 5099 AIRASIA 1.690 0.020 6430 1.682 — 14.20 5,647.9 1.206 0.924 0.970 0.970 5159 YOCB 0.970 UNCH 11 0.970 6.79 5.15 155.2
19.068 15.120 15.220 15.200 2658 AJI 15.200 0.080 2.6 15.202 15.68 3.09 924.1 1.648 1.120 1.460 1.450 5131 ZHULIAN 1.450 -0.010 17.3 1.452 11.86 5.52 667.0
6.346 5.344 5.780 5.770 6351 AMWAY 5.770 0.010 5.5 5.779 15.38 3.47 948.5 INDUSTRIAL PRODUCTS & SERVICES
0.025 0.005 — — 5194 APFT 0.010 — — — 0.72 — 13.4 0.095 0.060 0.080 0.075 7086 ABLEGRP 0.075 0.005 151.1 0.075 — — 19.8
4.080 3.550 4.050 4.050 6432 APOLLO 4.050 0.020 1.7 4.050 19.69 4.94 324.0 2.400 1.740 2.170 2.170 9148 ADVPKG 2.170 0.110 2 2.170 212.7 2.76 44.5
0.160 0.105 0.140 0.130 1481 ASB 0.130 -0.005 387 0.134 — 1.92 120.8 0.140 0.080 0.095 0.095 7146 AEM 0.095 UNCH 200 0.095 — — 31.3
0.570 0.325 0.500 0.500 7722 ASIABRN 0.500 UNCH 6 0.500 10.82 — 116.3 0.710 0.385 — — 5198 AFUJIYA 0.480 — — — 22.64 — 86.4
2.552 2.200 2.230 2.230 7129 ASIAFLE 2.230 UNCH 2.2 2.230 8.77 6.28 434.3 0.335 0.200 0.300 0.280 2682 AISB 0.300 0.030 60.2 0.296 — — 43.3
4.683 3.825 — — 7048 ATLAN 4.180 — — — 34.60 4.78 1,060.3 0.575 0.395 0.415 0.415 7609 AJIYA 0.415 UNCH 6 0.415 21.50 — 126.4
0.260 0.115 0.140 0.140 8885 AVI 0.140 -0.005 461.6 0.140 — — 132.2 0.575 0.420 0.435 0.430 2674 ALCOM 0.430 UNCH 20 0.431 20.98 — 57.8
36.583 15.540 15.700 15.600 4162 BAT 15.660 0.060 99.5 15.646 12.28 8.43 4,471.4 1.219 0.920 — — 7083 ANALABS 1.080 — — — 24.88 1.85 129.7
2.730 1.855 2.120 2.080 5248 BAUTO 2.100 0.030 2406.9 2.102 9.35 7.14 2,443.1 0.525 0.440 0.495 0.490 4758 ANCOM 0.495 UNCH 161.6 0.491 18.40 — 119.2
1.799 1.264 1.390 1.380 5196 BJFOOD 1.390 0.010 68 1.381 27.91 2.88 531.2 1.814 0.950 0.985 0.965 6556 ANNJOO 0.975 0.015 236.8 0.975 — 12.31 545.9
0.305 0.150 0.190 0.180 4219 BJLAND 0.185 UNCH 2336.5 0.185 12.76 — 925.1 0.050 0.015 0.025 0.025 9342 ANZO 0.025 UNCH 900 0.025 — — 22.0
2.780 1.975 2.650 2.630 1562 BJTOTO 2.650 -0.010 114.8 2.642 17.16 6.04 3,580.2 0.820 0.365 0.380 0.380 5568 APB 0.380 UNCH 2 0.380 — — 42.9
0.353 0.201 0.265 0.255 9288 BONIA 0.260 -0.005 519 0.259 9.52 1.92 209.6 3.055 1.950 2.070 2.030 5015 APM 2.050 0.030 153.8 2.043 10.53 5.85 413.3
0.280 0.055 0.205 0.195 9474 BRAHIMS 0.200 0.010 2917.3 0.199 — — 47.3 0.600 0.453 0.510 0.505 7214 ARANK 0.505 UNCH 40 0.509 0.26 4.95 85.9
0.674 0.400 0.415 0.400 7174 CAB 0.405 -0.010 2009.6 0.406 21.32 1.23 267.8 0.605 0.300 0.345 0.325 7181 ARBB 0.335 0.015 36768 0.336 1.52 — 94.8
0.595 0.320 0.510 0.465 7154 CAELY 0.490 0.045 4112.7 0.492 — 1.02 80.4 0.715 0.581 0.700 0.690 7162 ASTINO 0.695 0.005 13.3 0.693 7.98 1.44 190.5
0.295 0.200 0.210 0.210 7128 CAMRES 0.210 -0.020 21 0.210 16.28 — 41.3 1.850 1.301 1.680 1.640 8176 ATAIMS 1.640 0.010 535.2 1.648 17.45 2.01 1,975.2
2.550 1.539 2.550 2.550 5245 CARING 2.550 0.020 4 2.550 26.65 2.35 555.2 0.750 0.375 — — 7099 ATTA 0.465 — — — 19.70 — 99.2
28.500 18.307 28.200 27.540 2836 CARLSBG 27.580 -0.160 120.1 27.720 29.13 3.39 8,432.5 0.805 0.580 0.625 0.605 7579 AWC 0.620 0.015 1372.4 0.618 8.16 2.42 183.9
2.140 1.200 2.140 2.110 2925 CCB 2.140 UNCH 5.2 2.115 — — 215.6 0.363 0.255 0.290 0.275 5021 AYS 0.285 0.005 65.7 0.280 10.40 7.02 108.4
0.672 0.355 0.530 0.520 7035 CCK 0.525 UNCH 614.9 0.525 12.77 2.38 331.1 0.515 0.260 0.400 0.355 7005 BIG 0.355 -0.020 137.5 0.384 17.93 — 17.1
0.370 0.260 0.300 0.300 7209 CHEETAH 0.300 UNCH 4 0.300 93.75 1.33 38.3 0.150 0.105 — — 6998 BINTAI 0.110 — — — 4.04 — 31.9
1.606 1.143 — — 2828 CIHLDG 1.300 — — — 9.48 6.15 210.6 0.325 0.225 0.240 0.235 3395 BJCORP 0.240 UNCH 4154.7 0.240 — — 1,251.6
0.095 0.055 0.065 0.060 5104 CNI 0.065 UNCH 20.1 0.060 — 4.62 46.8 0.766 0.485 0.610 0.610 0168 BOILERM 0.610 0.005 64 0.610 11.38 3.28 314.8
0.065 0.025 0.035 0.035 5188 CNOUHUA 0.035 UNCH 1320 0.035 — — 23.4 0.050 0.040 0.045 0.045 7036 BORNOIL 0.045 UNCH 5568.7 0.045 — — 240.3
2.220 1.800 2.120 2.090 7205 COCOLND 2.120 UNCH 15.3 2.105 14.60 5.42 485.1 1.350 0.900 — — 6297 BOXPAK 1.150 — — — 6.23 — 138.1
1.153 0.981 1.000 1.000 7202 CSCENIC 1.000 0.005 5.4 1.000 15.48 7.00 120.5 1.128 0.887 1.060 1.030 5100 BPPLAS 1.060 0.020 147.6 1.055 9.51 5.66 198.9
0.520 0.380 0.385 0.385 9423 CWG 0.385 UNCH 4.8 0.385 14.86 3.90 48.6 0.335 0.140 0.335 0.315 9938 BRIGHT 0.325 0.005 5610.2 0.325 42.21 — 66.7
0.035 0.025 0.030 0.025 7179 DBE 0.025 -0.005 695.5 0.026 — — 67.0 0.445 0.260 0.280 0.280 7221 BSLCORP 0.280 -0.005 8 0.280 20.90 — 27.4
1.070 0.760 1.070 1.050 7119 DEGEM 1.070 0.010 20.4 1.067 35.08 0.93 143.4 1.630 0.915 0.955 0.935 2771 BSTEAD 0.940 UNCH 394.1 0.947 — 5.32 1,905.4
2.765 2.062 2.600 2.570 5908 DKSH 2.600 0.010 5 2.594 12.69 3.85 409.9 0.215 0.070 0.195 0.165 7188 BTM 0.170 -0.005 10124 0.183 — — 24.0
64.500 49.900 50.300 50.280 3026 DLADY 50.300 0.080 4.6 50.298 30.18 1.99 3,219.2 3.941 1.807 3.020 2.990 5105 CANONE 2.990 -0.020 284.1 2.997 4.61 1.34 574.5
2.962 1.580 2.340 2.300 1619 DRBHCOM 2.300 -0.010 2545.1 2.316 15.49 1.30 4,446.4 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
0.125 0.075 — — 2097 EASTLND 0.080 — — — — — 25.9 1.227 0.795 0.960 0.920 7076 CBIP 0.960 0.030 486.5 0.950 47.76 4.17 516.7
0.652 0.512 0.560 0.550 5081 EIG 0.550 0.025 70 0.556 14.18 5.45 130.5 2.120 1.300 1.400 1.340 2879 CCM 1.360 -0.010 87.2 1.354 10.58 3.68 228.1
0.070 0.035 — — 7182 EKA 0.050 — — — — — 15.6 0.845 0.400 — — 8435 CEPCO 0.510 — — — — — 38.1
0.250 0.150 0.235 0.220 9091 EMICO 0.220 -0.010 1865.4 0.225 12.64 — 23.2 1.360 1.100 1.100 1.100 8044 CFM 1.100 UNCH 13 1.100 — — 45.1
1.120 0.797 0.950 0.865 7149 ENGKAH 0.950 UNCH 307.9 0.933 62.50 6.32 67.2 0.600 0.420 — — 8052 CGB 0.525 — — — — — 47.3
0.185 0.080 0.165 0.160 7208 EURO 0.160 -0.005 493.4 0.161 — — 42.8 0.920 0.610 0.760 0.750 5273 CHINHIN 0.750 -0.005 335.5 0.756 16.45 3.33 417.3
0.570 0.320 — — 7094 EUROSP 0.450 — — — — — 20.0 1.884 1.360 1.390 1.380 5007 CHINWEL 1.390 0.010 30.2 1.381 8.81 5.65 416.4
36.651 28.688 34.360 33.840 3689 F&N 34.000 -0.500 44.8 34.029 30.38 1.69 12,470.5 1.652 1.180 1.210 1.180 5797 CHOOBEE 1.190 -0.020 78.5 1.190 66.11 4.20 156.7
0.959 0.610 0.700 0.700 2755 FCW 0.700 0.090 0.1 0.700 49.30 14.29 175.0 0.500 0.221 0.340 0.340 7016 CHUAN 0.340 0.020 21.5 0.340 6.03 3.24 57.3
0.520 0.428 0.485 0.485 6939 FIAMMA 0.485 UNCH 6 0.485 7.13 4.64 247.4 0.045 0.025 — — 7018 CME 0.030 — — — — — 17.5
0.509 0.269 — — 8605 FIHB 0.350 — — — 4.92 — 38.2 3.824 2.260 2.480 2.370 2852 CMSB 2.420 0.040 951.4 2.433 12.45 3.06 2,600.0
1.955 1.407 1.610 1.550 9172 FPI 1.600 0.050 1200.1 1.582 10.17 6.25 395.8 0.530 0.365 — — 7986 CNASIA 0.420 — — — 34.43 — 21.0
3.720 0.680 2.690 2.530 7184 G3 2.630 0.110 133.5 2.631 — — 1,228.8 0.175 0.045 0.080 0.065 7195 COMCORP 0.070 -0.010 200.4 0.079 — — 9.8
3.000 2.192 3.000 2.880 5102 GCB 2.930 0.060 3001.7 2.949 11.74 0.85 2,954.4 0.962 0.741 0.780 0.750 2127 COMFORT 0.760 0.010 1149.6 0.761 13.36 1.97 443.0
0.500 0.415 0.480 0.470 5592 GCE 0.480 0.010 4.6 0.479 — — 94.6 0.030 0.015 — — 5037 COMPUGT 0.020 — — — — — 49.5
3.925 2.614 3.190 3.170 4715 GENM 3.170 -0.030 2898.6 3.176 9.87 3.47 18,823.6 1.155 0.939 0.995 0.990 5094 CSCSTEL 0.990 0.005 145.8 0.993 14.24 4.04 376.2
7.385 5.521 5.820 5.760 3182 GENTING 5.780 0.010 4458.1 5.786 10.49 2.16 22,408.5 0.580 0.305 0.340 0.340 7157 CYL 0.340 0.005 3.5 0.340 425.00 — 34.0
0.415 0.110 0.170 0.160 5079 GETS 0.160 -0.010 1018.1 0.162 — — 20.2 0.380 0.270 0.275 0.270 5082 CYMAO 0.275 -0.015 30 0.273 — — 20.6
0.165 0.105 0.115 0.115 0136 GREENYB 0.115 UNCH 1 0.115 8.04 — 38.4 1.726 1.250 1.400 1.380 5184 CYPARK 1.380 UNCH 115 1.385 8.10 2.83 645.1
2.920 2.028 2.140 2.130 7668 HAIO 2.140 0.010 55.1 2.136 13.97 6.07 642.6 2.400 1.550 2.220 2.160 8125 DAIBOCI 2.200 -0.020 103.2 2.186 66.07 1.52 721.4
3.780 3.227 3.680 3.630 5008 HARISON 3.630 UNCH 2.3 3.674 10.63 5.51 248.6 0.655 0.390 0.535 0.525 5276 DANCO 0.530 0.005 566.4 0.528 10.19 3.30 161.1
0.155 0.055 0.075 0.070 5187 HBGLOB 0.070 UNCH 991.2 0.070 2.11 — 32.8 0.355 0.125 0.225 0.215 7212 DESTINI 0.215 -0.005 1956.5 0.218 74.14 — 248.4
26.580 18.701 26.200 26.000 3255 HEIM 26.100 UNCH 70.2 26.095 24.50 3.68 7,884.8 0.660 0.325 0.380 0.375 7114 DNONCE 0.375 -0.005 24.5 0.376 — — 98.0
11.600 8.153 10.600 10.380 3301 HLIND 10.480 -0.040 2.1 10.511 10.27 4.72 3,436.4 0.280 0.080 0.130 0.125 5835 DOLMITE 0.125 -0.015 163 0.129 — — 35.6
0.750 0.545 0.650 0.645 5160 HOMERIZ 0.645 -0.005 184 0.646 8.74 5.43 193.5 0.170 0.070 0.155 0.135 5265 DOLPHIN 0.135 UNCH 17989 0.147 19.29 — 33.0
1.017 0.871 0.920 0.905 5024 HUPSENG 0.920 0.005 156.3 0.912 17.59 6.52 736.0 1.300 1.162 1.290 1.260 7169 DOMINAN 1.280 0.010 110.6 1.267 10.84 4.69 211.5
0.350 0.235 0.280 0.260 8478 HWATAI 0.280 0.025 18.8 0.269 — — 21.0 3.270 1.823 3.270 3.190 7233 DUFU 3.210 0.040 1729.6 3.232 18.96 1.12 844.9
0.490 0.280 0.325 0.315 9113 ICONIC 0.325 0.010 393.3 0.320 — — 105.2 2.000 0.385 0.405 0.390 7165 DWL 0.390 UNCH 1111.5 0.397 — — 90.8
0.080 0.015 0.025 0.020 7243 IMPIANA 0.025 UNCH 58730 0.020 — — 156.2 0.380 0.075 0.075 0.075 5178 DYNACIA 0.075 UNCH 189 0.075 — — 36.0
1.290 0.680 0.685 0.680 5107 IQGROUP 0.680 UNCH 18 0.683 — — 59.9 3.459 2.425 3.090 3.070 1368 EDGENTA 3.070 0.010 1.7 3.084 16.77 4.56 2,553.1
0.075 0.030 0.060 0.060 7223 JADI 0.060 -0.005 334.6 0.060 26.09 — 62.2 0.260 0.165 0.185 0.180 0064 EFFICEN 0.185 0.005 272.5 0.182 — — 131.2
1.190 0.775 1.180 1.170 7152 JAYCORP 1.180 UNCH 94.3 1.177 8.04 8.47 162.0 0.510 0.355 0.440 0.405 8907 EG 0.410 -0.020 1030.8 0.413 9.58 — 112.8
0.420 0.310 — — 8931 JERASIA 0.340 — — — 11.68 2.94 27.9 1.565 1.225 1.460 1.460 5208 EITA 1.460 0.010 3 1.460 9.11 4.11 189.8
1.760 0.863 1.760 1.720 7167 JOHOTIN 1.750 0.010 1875.5 1.744 11.25 4.00 543.3 0.850 0.685 0.740 0.715 9016 EKSONS 0.740 UNCH 0.4 0.721 — 6.76 121.5
0.380 0.245 — — 8672 KAMDAR 0.295 — — — — — 58.4 0.465 0.330 0.340 0.335 7217 EMETALL 0.340 0.005 252.5 0.340 — — 64.0
0.651 0.367 0.470 0.455 5247 KAREX 0.465 UNCH 1110.3 0.461 1162 2.15 466.1 0.907 0.560 0.580 0.575 5056 ENGTEX 0.575 0.005 159 0.576 — 1.30 254.9
2.064 1.180 1.450 1.400 7216 KAWAN 1.420 0.010 95 1.410 40.46 1.76 510.5 0.470 0.310 — — 7773 EPMB 0.350 — — — — — 58.1
0.656 0.165 0.530 0.470 6203 KHEESAN 0.485 0.005 60860 0.499 17.32 2.06 55.5 0.430 0.245 0.290 0.265 5101 EVERGRN 0.290 0.025 2838.9 0.281 — 1.66 245.5
1.750 1.380 — — 7062 KHIND 1.560 — — — 53.24 — 62.5 1.380 1.060 1.320 1.320 2984 FACBIND 1.320 -0.010 3 1.320 92.96 0.76 112.4
1.700 0.295 1.520 1.490 7130 KPOWER 1.510 0.030 641.1 1.510 656.5 — 115.0 3.020 2.110 2.970 2.950 7229 FAVCO 2.970 0.020 79.2 2.968 8.76 4.55 662.7
0.120 0.055 0.075 0.070 5172 KSTAR 0.070 -0.005 406.8 0.075 — — 29.8 0.510 0.320 — — 0149 FIBON 0.385 — — — 14.47 1.87 37.7
0.195 0.050 0.085 0.080 4847 KTB 0.085 UNCH 254.5 0.080 — — 34.2 1.886 1.710 1.830 1.780 3107 FIMACOR 1.780 -0.010 15.4 1.810 13.72 7.02 436.6
0.630 0.410 0.490 0.480 1643 LANDMRK 0.480 -0.010 8 0.484 — — 253.9 0.560 0.355 0.375 0.370 9318 FITTERS 0.375 UNCH 1131.7 0.372 9.97 — 180.2
4.009 2.673 2.980 2.970 7006 LATITUD 2.970 0.050 2 2.975 22.47 2.02 288.7 1.810 1.000 1.040 1.040 5197 FLBHD 1.040 UNCH 51.5 1.040 31.90 13.94 111.2
0.530 0.332 0.435 0.420 9385 LAYHONG 0.430 0.005 2597.9 0.429 13.52 1.16 283.9 0.650 0.199 0.650 0.625 5277 FPGROUP 0.640 0.010 19880 0.639 24.71 1.56 338.1
0.983 0.575 0.610 0.600 8079 LEESK 0.600 0.005 112.4 0.605 11.41 4.17 100.7 0.780 0.415 — — 7197 GESHEN 0.550 — — — — — 44.0
1.161 0.702 0.835 0.830 6633 LHI 0.835 0.010 4680.5 0.831 17.29 — 3,047.8 0.545 0.350 0.360 0.350 5220 GLOTEC 0.360 -0.005 311 0.355 — — 96.9
3.290 2.438 3.250 3.210 7089 LIIHEN 3.210 -0.010 149.3 3.221 7.39 4.98 577.8 0.245 0.145 0.200 0.190 7192 GOODWAY 0.200 0.010 1367.1 0.198 — — 24.3
0.630 0.050 0.095 0.085 7126 LONBISC 0.090 0.005 2127.3 0.089 29.03 — 26.2 0.145 0.080 — — 7096 GPA 0.105 — — — — — 103.0
0.143 0.051 0.110 0.095 8303 LOTUS 0.105 0.005 4126.5 0.105 — — 72.4 0.259 0.160 0.235 0.210 5649 GPHAROS 0.230 0.035 347.9 0.226 109.52 5.52 31.5
1.378 0.896 — — 7085 LTKM 1.190 — — — 6.68 1.68 154.8 0.550 0.400 0.480 0.480 3247 GUH 0.480 0.005 85.5 0.480 63.16 — 133.4
2.740 1.389 2.610 2.530 7087 MAGNI 2.590 0.070 1051 2.592 10.11 3.33 1,123.9 10.053 9.245 9.800 9.710 3034 HAPSENG 9.800 0.050 136.5 9.778 38.28 3.57 24,398.9
2.880 1.780 2.730 2.670 3859 MAGNUM 2.670 UNCH 541.9 2.680 14.88 6.37 3,838.8 0.699 0.490 0.545 0.525 5095 HEVEA 0.530 0.005 485 0.533 21.81 8.68 298.5
0.135 0.110 0.115 0.110 3514 MARCO 0.115 0.005 43 0.112 8.71 2.61 121.2 0.990 0.560 0.690 0.620 5151 HEXTAR 0.690 0.055 435.5 0.666 — 5.19 566.3
1.340 0.748 1.340 1.340 5886 MBG 1.340 UNCH 218.2 1.340 — 1.12 81.5 0.769 0.605 0.730 0.720 3298 HEXZA 0.725 UNCH 34.2 0.724 17.81 6.90 145.3
4.470 1.813 3.890 3.780 5983 MBMR 3.840 0.090 861.6 3.843 6.00 3.91 1,501.0 0.330 0.180 0.190 0.185 5072 HIAPTEK 0.185 UNCH 727.9 0.188 9.74 2.70 248.7
0.530 0.185 0.385 0.355 7234 MESB 0.370 -0.015 528 0.368 7.02 — 33.7 1.275 0.950 — — 7033 HIGHTEC 1.020 — — — 15.43 3.43 41.4
0.834 0.435 0.660 0.650 3662 MFLOUR 0.655 -0.005 1318.2 0.655 8.97 3.36 657.7 0.610 0.447 0.540 0.540 8443 HIL 0.540 -0.005 7.2 0.540 8.28 3.24 180.4
0.820 0.600 — — 7935 MILUX 0.800 — — — — — 43.5 0.810 0.410 0.690 0.685 5165 HOKHENG 0.690 UNCH 26 0.686 — — 60.7
0.120 0.035 0.065 0.060 5166 MINDA 0.065 UNCH 199.1 0.063 — — 80.6 0.572 0.316 0.420 0.415 5291 HPMT 0.420 0.005 250.7 0.416 — 2.10 138.0
2.830 0.860 0.890 0.875 5202 MSM 0.890 0.015 335.9 0.882 44.06 — 625.7 1.290 0.735 0.810 0.800 0185 HSSEB 0.810 UNCH 58.5 0.802 — — 401.6
0.025 0.005 — — 5150 MSPORTS 0.005 — — — — — 3.0 1.690 0.456 1.030 1.010 5000 HUMEIND 1.020 -0.010 208.6 1.021 — — 503.5
0.255 0.145 0.215 0.205 3891 MUIIND 0.215 0.005 2660.8 0.209 — — 630.5 0.135 0.070 0.100 0.095 9601 HWGB 0.100 0.005 1285.5 0.095 — — 46.0
2.650 1.620 1.900 1.850 3905 MULPHA 1.900 0.030 24.3 1.857 — — 607.3 2.330 1.850 2.130 2.090 7222 IMASPRO 2.110 UNCH 487.5 2.109 48.06 1.66 168.8
1.510 1.160 1.220 1.170 5275 MYNEWS 1.200 0.030 187.9 1.174 27.52 0.83 818.6 0.540 0.325 — — 5673 IPMUDA 0.360 — — — — — 26.1
149.17 140.56 144.80 144.10 4707 NESTLE 144.500 -0.500 42.2 144.45 50.97 1.94 33,885.3 0.160 0.065 0.095 0.090 7183 IRETEX 0.090 UNCH 190 0.094 1.23 — 16.6
2.828 2.410 — — 7060 NHFATT 2.730 — — — 14.01 3.66 225.7 1.250 0.950 1.070 1.070 7043 JADEM 1.070 UNCH 0.1 1.070 — — 135.7
0.075 0.020 0.060 0.060 7139 NICE 0.060 UNCH 87.5 0.060 — — 42.1 0.125 0.100 0.100 0.100 8648 JASKITA 0.100 UNCH 50 0.100 — — 45.0
0.267 0.145 0.185 0.160 7215 NIHSIN 0.170 UNCH 8641.2 0.174 — — 54.7 1.557 1.304 — — 0058 JCBNEXT 1.480 — — — 18.05 2.70 203.9
0.575 0.376 0.540 0.540 5066 NTPM 0.540 UNCH 249.1 0.540 257.14 2.96 606.5 0.200 0.120 — — 9083 JETSON 0.140 — — — — — 29.6
0.580 0.300 — — 5533 OCB 0.400 — — — — — 41.1 0.160 0.115 0.160 0.145 0054 KARYON 0.160 0.010 1775.4 0.158 13.11 2.81 76.1
0.525 0.395 0.425 0.420 0049 OCNCASH 0.425 0.005 140 0.422 18.24 3.41 104.3 0.617 0.465 — — 7199 KEINHIN 0.490 — — — 16.44 2.04 53.4
0.888 0.625 0.695 0.690 7107 OFI 0.690 UNCH 134 0.692 13.50 2.61 165.6 1.707 1.403 1.630 1.600 6491 KFIMA 1.620 -0.010 56.2 1.624 7.66 5.56 457.2
0.135 0.090 0.105 0.105 3018 OLYMPIA 0.105 UNCH 338 0.105 — — 107.5 1.430 0.873 1.330 1.300 0151 KGB 1.310 UNCH 2331 1.304 17.21 1.37 408.0
6.570 5.558 6.500 6.470 4006 ORIENT 6.480 0.010 55.9 6.483 10.44 4.01 4,020.2 0.300 0.130 0.210 0.205 6211 KIALIM 0.205 -0.015 0.8 0.209 — — 12.7
0.740 0.460 0.540 0.515 5260 OWG 0.535 0.010 396.5 0.533 — — 152.5 1.270 1.000 1.050 1.010 5371 KIMHIN 1.050 -0.010 0.4 1.030 — — 163.4
4.152 3.066 3.380 3.260 7052 PADINI 3.280 -0.110 754.5 3.325 13.33 3.05 2,157.9 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
39.072 35.184 37.060 36.960 3719 PANAMY 36.960 -0.120 2.6 36.995 20.77 6.11 2,245.2 1.580 0.775 1.450 1.440 9466 KKB 1.440 -0.010 24.5 1.445 10.41 2.78 371.2
0.446 0.282 0.425 0.345 5022 PAOS 0.410 0.040 514.7 0.413 — 3.90 74.3 0.800 0.350 — — 5035 KNUSFOR 0.610 — — — — — 60.8
0.350 0.230 0.270 0.260 9407 PARAGON 0.270 0.030 55.5 0.264 — — 18.9 1.870 1.180 1.810 1.770 6971 KOBAY 1.810 UNCH 170.3 1.796 9.60 1.66 184.8
0.295 0.195 0.235 0.225 5657 PARKSON 0.230 -0.005 91.1 0.227 — — 251.6 0.390 0.120 0.255 0.245 7017 KOMARK 0.255 0.010 3076 0.252 — — 47.5
0.635 0.185 0.425 0.405 6068 PCCS 0.410 0.005 5101.8 0.415 5.51 2.44 86.1 1.269 0.645 0.750 0.730 5843 KPS 0.730 -0.010 894.1 0.737 12.99 5.82 392.3
0.500 0.285 0.315 0.305 5231 PELIKAN 0.315 UNCH 117.8 0.310 21.88 — 191.6 0.565 0.450 0.460 0.460 9121 KPSCB 0.460 0.010 2 0.460 9.00 — 68.0
0.590 0.300 0.325 0.320 9997 PENSONI 0.325 UNCH 10.5 0.325 75.58 — 42.1 4.895 3.926 4.650 4.580 3476 KSENG 4.650 0.030 70.2 4.607 19.83 2.15 1,680.9
0.750 0.335 0.750 0.700 7080 PERMAJU 0.740 0.040 3413.3 0.721 — — 145.0 0.590 0.281 0.440 0.375 5192 KSSC 0.440 0.065 384.6 0.423 440.0 1.14 42.2
27.656 20.922 22.920 22.240 5681 PETDAG 22.340 -0.500 298.7 22.455 29.59 3.13 22,193.8 0.530 0.225 0.350 0.330 6874 KUB 0.350 0.020 860.5 0.344 — 2.86 194.8
0.160 0.125 0.140 0.130 4081 PMCORP 0.130 UNCH 119 0.137 — 3.85 100.5 0.400 0.220 0.285 0.270 8362 KYM 0.280 0.015 443.8 0.280 36.36 — 42.0
0.105 0.035 0.075 0.070 1287 PMHLDG 0.075 0.005 5842.5 0.075 — — 69.7 0.583 0.432 0.495 0.485 9326 LBALUM 0.485 0.015 216 0.489 8.55 3.09 120.5
0.555 0.431 0.490 0.485 5080 POHKONG 0.485 UNCH 1.4 0.486 7.87 2.47 199.0 4.566 2.240 2.270 2.240 5284 LCTITAN 2.250 -0.010 202.5 2.254 19.72 7.56 5,192.5
1.579 1.355 1.540 1.520 7088 POHUAT 1.520 UNCH 108.9 1.524 5.88 2.63 369.5 0.551 0.387 0.420 0.415 5232 LEONFB 0.415 -0.040 71 0.417 6.75 3.61 128.7
19.516 16.607 18.340 18.220 4065 PPB 18.320 0.080 144.1 18.305 25.45 1.53 26,062.0 0.260 0.100 0.225 0.205 8745 LEWEKO 0.220 0.010 2485.5 0.216 — — 70.8
1.300 0.550 0.640 0.605 7168 PRG 0.625 0.015 938.9 0.624 — — 252.1 0.300 0.085 0.300 0.220 7170 LFECORP 0.240 0.060 13960 0.250 — — 49.1
1.100 0.410 1.020 0.995 8966 PRLEXUS 1.000 -0.020 221.1 1.005 28.90 0.80 181.0 0.665 0.315 0.335 0.325 4235 LIONIND 0.330 UNCH 827.1 0.330 — — 236.9
0.264 0.182 0.235 0.230 0186 PTRANS 0.230 UNCH 3621 0.230 8.85 5.87 327.2 0.505 0.375 0.415 0.395 8486 LIONPSIM 0.410 0.010 67 0.406 11.14 — 94.9
0.907 0.677 0.750 0.745 7134 PWF 0.745 -0.005 7.6 0.747 8.82 2.68 129.6 0.340 0.245 0.250 0.245 9881 LSTEEL 0.245 -0.015 10 0.248 — — 31.4
2.450 1.319 2.390 2.350 7237 PWROOT 2.370 -0.030 102.6 2.367 24.76 3.63 959.8 0.105 0.065 0.090 0.085 5068 LUSTER 0.090 0.005 787.6 0.085 15.25 — 186.8
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I 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)
0.564 0.470 0.480 0.475 5143 LUXCHEM 0.480 0.005 51.8 0.480 11.46 4.69 430.0 14.980 11.943 14.620 14.580 1163 ALLIANZ 14.620 0.060 115.2 14.600 6.83 2.74 2,586.1
2.775 2.191 — — 9199 LYSAGHT 2.400 — — — 11.57 2.92 99.8 4.482 3.810 3.900 3.860 1015 AMBANK 3.880 0.030 4066.7 3.882 7.68 5.41 11,695.0
0.590 0.340 0.375 0.365 5098 MASTEEL 0.370 0.005 507.4 0.370 — — 159.1 1.058 0.780 — — 5088 APEX 0.850 — — — 22.91 — 181.5
2.720 0.560 2.670 2.590 7029 MASTER 2.620 -0.010 980.7 2.618 14.84 1.34 143.1 4.750 3.396 4.300 4.240 5258 BIMB 4.280 0.010 1457.3 4.273 9.72 3.62 7,551.1
1.400 0.873 1.400 1.350 5152 MBL 1.390 UNCH 729.2 1.381 7.88 3.24 148.7 7.190 5.817 6.040 5.980 1818 BURSA 5.980 -0.020 261.8 5.995 25.23 3.68 4,834.8
0.750 0.435 0.530 0.450 7004 MCEHLDG 0.480 -0.030 1.4 0.484 — — 21.3 5.616 4.802 5.210 5.160 1023 CIMB 5.200 0.020 7706.3 5.191 10.37 5.00 51,599.5
4.570 1.800 3.040 2.950 3794 MCEMENT 2.950 -0.050 9.4 3.011 — — 2,506.6 0.330 0.230 0.240 0.240 2143 ECM 0.240 -0.010 30 0.240 — — 115.2
0.190 0.090 0.135 0.130 3778 MELEWAR 0.130 -0.005 76.8 0.135 1.56 — 46.7 1.770 1.135 1.690 1.650 5228 ELKDESA 1.690 0.020 126.2 1.658 14.25 4.14 502.2
0.700 0.435 0.540 0.535 5223 MENTIGA 0.535 UNCH 20 0.538 — — 37.5 21.072 15.508 16.880 16.560 5819 HLBANK 16.800 -0.100 691.5 16.774 12.99 2.98 36,417.7
1.738 1.487 — — 6149 METROD 1.520 — — — 26.30 3.95 182.4 10.100 7.327 — — 5274 HLCAP 9.380 — — — 33.50 2.35 2,315.9
0.360 0.220 0.305 0.280 5001 MIECO 0.295 0.005 1634.5 0.297 — — 154.9 19.819 15.920 16.460 16.200 1082 HLFG 16.300 0.040 151.3 16.299 9.78 2.58 18,704.5
0.095 0.045 0.090 0.085 7219 MINETEC 0.085 -0.005 9075.3 0.085 2.65 — 78.3 0.900 0.645 0.870 0.840 3379 INSAS 0.845 0.005 1690.5 0.854 7.67 2.37 585.9
0.321 0.227 0.290 0.265 5576 MINHO 0.290 0.030 4071.2 0.284 10.70 3.97 98.8 0.115 0.065 — — 3441 JOHAN 0.070 — — — — — 43.6
0.998 0.780 0.840 0.840 5916 MSC 0.840 0.005 100 0.840 5.38 2.38 336.0 0.620 0.445 0.460 0.460 6483 KENANGA 0.460 UNCH 13 0.460 62.16 2.39 332.5
0.105 0.035 0.045 0.040 0043 MTRONIC 0.045 UNCH 4793.3 0.040 — — 56.1 2.150 1.540 1.700 1.700 2186 KUCHAI 1.700 UNCH 10 1.700 93.92 0.82 210.4
2.147 1.420 1.450 1.430 3883 MUDA 1.450 -0.010 117.9 1.440 7.75 3.10 442.3 16.212 14.641 15.000 14.960 8621 LPI 15.000 UNCH 27.6 14.991 18.69 4.60 5,975.7
0.335 0.225 0.290 0.290 5087 MYCRON 0.290 0.030 0.5 0.290 — — 94.8 1.003 0.375 0.735 0.735 1198 MAA 0.735 -0.035 1 0.735 — 12.24 201.0
0.545 0.355 0.380 0.365 7241 NGGB 0.380 0.010 3863 0.371 — — 191.6 2.850 2.244 — — 1058 MANULFE 2.400 — — — 25.08 2.92 485.7
0.145 0.060 0.110 0.100 5025 NWP 0.105 0.010 1803.8 0.101 — — 45.3 9.113 8.261 8.540 8.500 1155 MAYBANK 8.500 -0.030 3087.4 8.509 11.70 6.71 95,551.6
0.697 0.555 0.590 0.580 4944 NYLEX 0.590 0.005 30.4 0.585 — 3.39 114.7 1.025 0.820 0.845 0.835 1171 MBSB 0.835 -0.005 825 0.838 11.16 5.99 5,605.7
0.718 0.523 0.670 0.655 7140 OKA 0.655 -0.005 208.8 0.659 14.52 5.65 160.7 1.256 0.823 1.100 1.070 6459 MNRB 1.100 UNCH 349.9 1.084 7.62 2.27 843.8
1.190 0.858 1.140 1.120 5065 ORNA 1.130 UNCH 229.2 1.131 8.92 2.21 85.0 1.190 0.985 1.060 1.050 5237 MPHBCAP 1.060 -0.010 75.5 1.057 22.46 — 757.9
0.075 0.045 0.065 0.060 7225 PA 0.060 UNCH 16939 0.060 25.00 — 134.7 0.975 0.922 0.960 0.950 6009 P&O 0.955 -0.005 84.2 0.956 — 6.10 274.1
0.625 0.421 0.590 0.575 8419 PANSAR 0.580 -0.005 3449.1 0.584 32.40 1.72 268.0 24.390 19.060 19.380 19.080 1295 PBBANK 19.160 -0.180 2775 19.192 13.50 3.65 74,381.8
0.591 0.391 0.485 0.485 5125 PANTECH 0.485 UNCH 134.4 0.485 8.88 4.12 364.1 1.759 1.337 1.660 1.640 9296 RCECAP 1.660 UNCH 229.1 1.653 5.69 6.02 612.6
9.339 6.750 7.150 7.090 5183 PCHEM 7.100 -0.040 2318.8 7.101 15.09 4.08 56,800 5.833 4.882 5.670 5.610 1066 RHBBANK 5.640 -0.020 1323.1 5.643 9.32 4.52 22,616.7
1.270 0.645 1.190 1.160 5271 PECCA 1.170 UNCH 227.7 1.171 12.09 5.13 220.0 0.665 0.560 0.590 0.585 4898 TA 0.590 -0.030 279.1 0.588 — 6.95 1,010.0
4.879 4.175 4.200 4.200 5436 PERSTIM 4.200 -0.020 5.6 4.200 11.39 7.14 417.1 7.180 3.710 5.930 5.840 6139 TAKAFUL 5.850 -0.060 669.5 5.861 12.70 3.42 4,836.7
1.530 0.950 1.290 1.250 5219 PESTECH 1.260 UNCH 322.5 1.265 10.91 — 963.0 0.765 0.502 0.555 0.540 5230 TUNEPRO 0.555 0.015 1414.6 0.549 8.19 5.41 417.2
1.150 0.880 0.990 0.980 3611 PGLOBE 0.990 0.010 36.2 0.983 37.64 — 184.8 PROPERTY
0.160 0.090 0.120 0.110 7201 PICORP 0.120 0.010 250.8 0.116 66.67 4.17 79.0 0.335 0.220 0.325 0.320 7131 ACME 0.320 -0.005 46 0.324 8.47 — 76.4
1.616 1.070 1.410 1.390 7095 PIE 1.400 -0.010 200.5 1.401 11.59 1.71 537.7 0.549 0.450 0.470 0.455 1007 AMPROP 0.470 0.015 29.3 0.466 21.27 6.38 344.4
0.325 0.100 — — 7163 PJBUMI 0.225 — — — 17.58 — 18.5 1.280 0.870 — — 5959 AMVERTON 0.995 — — — 6.57 — 363.2
4.075 3.040 — — 7172 PMBTECH 3.100 — — — 43.85 0.65 650.0 0.500 0.250 — — 7007 ARK 0.270 — — — — — 13.1
4.950 3.958 4.610 4.580 8869 PMETAL 4.600 0.040 984.1 4.599 37.89 1.14 18,575 0.170 0.110 0.125 0.125 4057 ASIAPAC 0.125 UNCH 826.5 0.125 3.14 — 129.6
0.570 0.450 — — 6637 PNEPCB 0.540 — — — — — 71.0 4.956 3.800 — — 2305 AYER 4.200 — — — 19.07 1.19 314.4
0.480 0.260 0.400 0.380 8117 POLY 0.400 0.030 15 0.396 15.69 — 64.0 0.395 0.220 0.375 0.360 6602 BCB 0.360 -0.020 409.4 0.370 3.68 — 148.5
1.170 0.470 1.120 1.080 8273 PPHB 1.090 -0.020 2700.9 1.104 9.98 — 205.6 0.585 0.285 0.360 0.350 6173 BDB 0.360 0.010 120 0.358 — — 109.4
0.778 0.400 0.405 0.400 9873 PRESTAR 0.400 UNCH 100 0.401 — 3.75 81.9 0.295 0.110 — — 9814 BERTAM 0.250 — — — — — 51.7
0.080 0.035 0.045 0.040 7123 PWORTH 0.045 0.005 1850.6 0.042 — — 184.3 0.340 0.265 0.300 0.295 3239 BJASSET 0.300 UNCH 100 0.297 — — 767.4
0.850 0.710 — — 7544 QUALITY 0.800 — — — — — 46.4 1.580 1.090 — — 5738 CHHB 1.190 — — — — — 328.1
0.320 0.190 — — 7498 RALCO 0.260 — — — — — 12.0 1.369 1.121 1.230 1.220 6718 CRESNDO 1.220 0.010 2.3 1.220 8.72 4.92 342.2
0.350 0.241 0.305 0.300 7232 RESINTC 0.305 0.005 13 0.304 10.03 8.20 41.8 1.552 1.181 — — 5049 CVIEW 1.300 — — — 1.84 2.31 130.0
0.245 0.120 0.170 0.165 9954 RGTBHD 0.165 UNCH 1377.5 0.165 15.87 — 95.2 0.565 0.220 0.445 0.425 3484 DBHD 0.440 0.010 159.4 0.437 5.57 — 140.1
0.854 0.491 0.675 0.625 9741 ROHAS 0.660 0.035 18854.6 0.655 17.32 3.79 312.0 0.095 0.050 0.065 0.055 7198 DPS 0.065 UNCH 752.8 0.058 — — 38.2
0.600 0.412 0.520 0.520 7803 RUBEREX 0.520 UNCH 28 0.520 20.55 3.85 131.1 1.116 0.555 0.585 0.560 3417 E&O 0.570 -0.005 1333.6 0.571 36.08 5.26 830.5
3.925 3.531 3.600 3.600 5134 SAB 3.600 -0.060 10 3.600 25.94 1.39 493.0 0.355 0.285 0.345 0.335 3557 ECOFIRS 0.335 -0.010 215.9 0.340 13.73 — 270.9
8.640 6.949 8.080 8.000 9822 SAM 8.010 0.020 2.8 8.011 13.31 2.18 1,082.7 1.010 0.620 0.650 0.635 8206 ECOWLD 0.645 0.005 3264.4 0.642 9.97 — 1,899.1
0.753 0.542 0.710 0.690 5147 SAMCHEM 0.690 0.005 1450 0.699 8.73 4.35 187.7 0.450 0.270 — — 6076 ENCORP 0.310 — — — — — 95.0
0.784 0.654 — — 7811 SAPIND 0.710 — — — 11.81 7.04 51.7 1.812 0.882 1.200 1.150 8613 ENRA 1.200 UNCH 2 1.175 — 2.50 163.4
0.460 0.205 0.365 0.345 5170 SCABLE 0.350 -0.015 1518.4 0.354 — — 111.0 0.765 0.550 0.630 0.630 6815 EUPE 0.630 -0.005 2 0.630 2.24 — 80.6
1.490 0.760 1.480 1.410 7247 SCGM 1.450 0.040 1481.5 1.448 — 0.86 280.7 0.735 0.491 0.595 0.580 7249 EWEIN 0.585 -0.005 600.6 0.588 4.30 0.85 176.4
1.880 0.400 1.780 1.750 9237 SCIB 1.780 0.030 170 1.763 — — 152.9 0.945 0.600 0.920 0.915 5283 EWINT 0.915 -0.005 1665.9 0.918 15.83 — 2,196.0
1.326 0.733 1.120 1.080 0099 SCICOM 1.090 0.010 967.8 1.097 19.16 4.59 387.4 0.400 0.325 — — 6041 FARLIM 0.340 — — — — — 57.3
9.650 8.110 9.390 9.280 4731 SCIENTX 9.390 0.110 612.8 9.322 14.17 2.13 4,838.3 0.400 0.345 0.370 0.370 5020 GLOMAC 0.370 UNCH 5.5 0.370 13.31 2.16 296.0
0.360 0.105 0.290 0.275 7239 SCNWOLF 0.275 -0.015 4187.8 0.279 — — 26.5 0.350 0.235 — — 9962 GMUTUAL 0.260 — — — 16.56 1.92 97.7
0.565 0.160 0.355 0.345 7073 SEACERA 0.350 UNCH 10469.3 0.350 — — 168.2 0.290 0.155 0.225 0.215 1147 GOB 0.225 0.010 80.6 0.221 — — 102.3
0.750 0.180 — — 5163 SEB 0.690 — — — — — 55.2 0.220 0.135 0.210 0.195 7077 GSB 0.200 -0.005 11035 0.207 35.09 — 110.5
0.990 0.781 0.965 0.955 5181 SIGGAS 0.955 -0.005 75.4 0.955 167.54 0.52 179.1 0.776 0.626 0.695 0.675 1503 GUOCO 0.690 0.010 109.8 0.683 — 2.90 483.3
0.690 0.410 — — 7115 SKBSHUT 0.470 — — — 5.92 — 18.8 1.300 1.200 1.220 1.220 7105 HCK 1.220 UNCH 274.5 1.220 44.85 — 517.0
1.390 0.912 1.300 1.230 7155 SKPRES 1.300 0.060 2376.9 1.280 18.87 2.95 1,625.2 0.715 0.435 0.520 0.520 7010 HOOVER 0.520 0.065 2 0.520 — — 20.8
1.420 0.982 1.300 1.290 7248 SLP 1.300 0.010 99.5 1.297 16.67 4.23 412.0 0.465 0.300 0.350 0.340 5062 HUAYANG 0.345 UNCH 169 0.345 — — 121.4
0.530 0.320 0.335 0.335 7132 SMISCOR 0.335 -0.010 1 0.335 — — 15.0 0.387 0.196 0.220 0.215 4251 IBHD 0.220 0.005 591.6 0.219 8.21 7.95 233.5
1.220 0.690 0.750 0.730 5665 SSTEEL 0.740 0.005 41.7 0.733 — 4.73 320.9 0.734 0.520 — — 5084 IBRACO 0.530 — — — 8.72 3.30 263.1
0.750 0.380 0.750 0.700 6904 SUBUR 0.700 -0.020 98.5 0.712 — — 146.3 1.519 0.983 — — 9687 IDEAL 1.400 — — — 4.31 0.71 649.2
1.070 0.489 1.070 1.020 7207 SUCCESS 1.030 -0.010 2566.3 1.044 15.92 2.62 256.9 4.060 2.176 3.800 3.720 5606 IGBB 3.720 0.040 19 3.744 10.61 0.27 2,566.2
1.840 1.290 1.790 1.770 5211 SUNWAY 1.770 -0.010 1676.7 1.779 12.34 2.79 8,733.1 1.656 1.030 1.150 1.130 5249 IOIPG 1.140 UNCH 631.2 1.140 9.15 2.63 6,277.0
1.370 0.740 1.000 0.990 7235 SUPERLN 0.990 UNCH 381.4 0.995 15.84 1.92 158.4 0.235 0.175 0.190 0.185 5175 IVORY 0.185 0.005 945.3 0.186 925.0 13.51 90.7
6.800 4.050 — — 4448 TASEK 5.450 — — — — — 673.7 1.320 0.365 0.885 0.865 1589 IWCITY 0.870 UNCH 10393 0.876 — — 728.5
0.235 0.080 0.090 0.085 7097 TAWIN 0.090 0.005 2926.8 0.088 52.94 — 32.2 0.360 0.250 0.350 0.330 8923 JIANKUN 0.330 -0.010 8 0.338 25.98 — 55.1
0.992 0.642 0.915 0.900 5289 TECHBND 0.910 0.010 3341.2 0.908 35.41 — 209.3 0.090 0.070 0.075 0.075 6769 JKGLAND 0.075 0.005 246.7 0.075 18.29 1.33 170.6
0.730 0.365 0.405 0.400 8702 TEXCHEM 0.405 0.005 9.4 0.405 — 24.69 50.3 0.761 0.530 — — 7323 KEN 0.560 — — — — 2.68 107.4
3.580 2.110 3.480 3.430 7034 TGUAN 3.460 UNCH 265.7 3.459 8.47 2.31 636.9 0.960 0.680 0.755 0.750 5038 KSL 0.750 -0.010 347.3 0.753 3.22 — 778.1
1.399 0.983 — — 7374 TIENWAH 1.120 — — — — 7.14 162.1 0.159 0.122 0.140 0.135 3174 L&G 0.140 UNCH 472.9 0.139 8.97 7.14 416.2
0.680 0.396 — — 7854 TIMWELL 0.560 — — — 10.04 3.57 49.9 0.784 0.416 0.580 0.580 8494 LBICAP 0.580 0.010 10 0.580 5.70 8.62 58.9
0.730 0.430 0.510 0.490 7285 TOMYPAK 0.500 -0.010 1636.7 0.501 — 0.60 210.0 0.679 0.480 0.500 0.495 5789 LBS 0.500 UNCH 201.7 0.497 8.18 3.60 783.6
4.066 2.260 2.290 2.280 5010 TONGHER 2.280 -0.020 5.6 2.285 17.08 8.77 358.9 0.350 0.220 0.250 0.245 3573 LIENHOE 0.245 -0.005 74.3 0.250 — — 88.6
0.864 0.558 0.780 0.740 7173 TOYOINK 0.780 0.055 57 0.757 21.91 3.85 83.5 1.250 0.800 0.955 0.915 7617 MAGNA 0.920 -0.035 83.9 0.945 — — 308.1
0.814 0.543 — — 5167 TURBO 0.665 — — — 14.88 3.01 71.8 0.978 0.675 0.685 0.675 8583 MAHSING 0.675 -0.005 1592 0.680 12.16 6.67 1,638.7
2.900 2.303 2.840 2.800 7100 UCHITEC 2.840 0.040 41.1 2.817 16.58 4.93 1,280.6 0.674 0.378 0.480 0.470 6181 MALTON 0.470 -0.015 882.9 0.472 10.42 3.19 248.2
0.800 0.385 0.535 0.490 7133 ULICORP 0.515 0.025 2516.9 0.518 — — 112.2 1.970 1.738 1.910 1.900 5236 MATRIX 1.900 UNCH 38.9 1.906 6.50 6.32 1,563.3
2.494 1.750 1.940 1.880 7137 UMS 1.940 0.060 13.2 1.883 25.59 3.09 78.9 1.697 1.319 — — 7189 MBWORLD 1.560 — — — 4.69 5.19 245.5
1.068 0.800 0.845 0.815 7227 UMSNGB 0.845 0.045 5.1 0.839 11.06 3.55 67.6 0.770 0.195 0.400 0.370 5182 MCT 0.385 -0.010 7237.5 0.382 8.14 — 560.9
1.450 0.905 1.250 1.250 7091 UNIMECH 1.250 0.010 8 1.250 9.70 3.84 198.5 0.445 0.290 0.315 0.315 1694 MENANG 0.315 -0.010 4.2 0.315 — — 151.5
0.485 0.240 0.245 0.245 4995 VERSATL 0.245 -0.005 1.6 0.245 — — 34.8 0.400 0.055 0.065 0.060 5040 MERIDIAN 0.065 UNCH 485.1 0.061 — — 38.3
1.473 0.610 1.340 1.300 6963 VS 1.320 0.010 2671.5 1.324 14.19 2.58 2,453.1 0.380 0.180 0.360 0.330 8141 MJPERAK 0.350 0.005 894.5 0.348 — — 90.0
0.950 0.365 — — 7226 WATTA 0.545 — — — — — 46.0 1.610 1.110 1.550 1.510 6114 MKH 1.540 0.040 502.9 1.541 10.92 2.60 903.3
1.277 1.120 1.140 1.130 7231 WELLCAL 1.140 UNCH 158.5 1.138 15.36 4.96 567.7 0.210 0.160 0.170 0.165 8893 MKLAND 0.165 UNCH 306.1 0.165 31.73 — 199.2
0.700 0.460 0.580 0.580 7692 WIDETEC 0.580 0.010 1 0.580 18.47 — 26.0 0.165 0.070 0.125 0.085 6548 MPCORP 0.120 0.035 1055.3 0.112 — — 34.5
0.824 0.425 0.490 0.480 7050 WONG 0.490 UNCH 31 0.485 17.88 3.06 56.2 1.125 0.558 0.770 0.735 1651 MRCB 0.765 0.020 8354.2 0.753 182.14 2.29 3,375.2
0.830 0.530 — — 7025 WOODLAN 0.620 — — — 63.27 — 24.8 0.540 0.330 — — 9539 MUH 0.370 — — — — — 20.9
1.550 1.010 1.050 1.050 5009 WTHORSE 1.050 0.010 2 1.050 — — 252.0 0.255 0.160 0.180 0.180 3913 MUIPROP 0.180 0.005 377 0.180 8.11 — 137.5
0.696 0.404 0.625 0.535 4243 WTK 0.620 0.085 21123.5 0.603 — 2.42 298.4 1.440 0.430 0.970 0.955 5073 NAIM 0.955 -0.005 3521.9 0.961 3.51 — 490.7
0.410 0.175 0.220 0.200 7245 WZSATU 0.215 0.005 1163.6 0.209 — — 110.0 2.187 1.907 — — 5827 OIB 2.000 — — — 5.50 4.00 309.7
0.650 0.520 — — 5048 YILAI 0.570 — — — — — 83.0 0.990 0.792 0.935 0.930 5053 OSK 0.930 -0.005 250.4 0.933 4.45 5.38 1,948.6
0.160 0.090 0.110 0.095 7020 YKGI 0.105 0.005 1023.8 0.104 — — 36.8 1.752 1.230 1.260 1.250 1724 PARAMON 1.250 -0.010 248.1 1.254 8.23 5.03 758.4
0.335 0.195 0.300 0.270 7014 YLI 0.280 0.015 166.6 0.282 — — 28.8 0.460 0.280 — — 6912 PASDEC 0.335 — — — — — 134.1
CONSTRUCTION 0.015 0.005 0.010 0.005 4464 PHB 0.005 UNCH 50.1 0.005 — — 36.0
0.473 0.249 0.410 0.390 5281 ADVCON 0.395 0.005 93 0.399 14.31 1.52 159.6 1.500 0.980 1.250 1.170 7055 PLB 1.250 0.060 53.1 1.190 18.57 — 140.5
0.170 0.095 0.100 0.095 7145 AGES 0.100 UNCH 2928.8 0.095 11.76 — 50.2 1.521 1.252 1.300 1.290 5075 PLENITU 1.300 UNCH 24 1.292 13.92 3.46 496.0
2.040 1.270 2.020 1.960 5293 AME 1.980 UNCH 2608.7 1.991 — — 845.7 6.100 5.210 6.030 5.980 7765 RAPID 6.030 UNCH 276.9 5.998 174.78 — 644.6
0.575 0.280 0.390 0.380 7078 AZRB 0.390 0.015 1279.9 0.385 28.68 2.28 233.2 0.720 0.500 0.530 0.530 4596 SAPRES 0.530 UNCH 2 0.530 — — 74.0
0.230 0.130 0.145 0.140 5190 BENALEC 0.140 -0.010 307 0.144 — — 120.7 0.512 0.360 0.415 0.405 5207 SBCCORP 0.410 UNCH 92.6 0.412 6.80 2.44 105.8
0.248 0.090 0.105 0.100 5932 BPURI 0.105 0.005 1364 0.101 131.25 — 80.2 0.732 0.582 0.610 0.605 2224 SDRED 0.610 0.005 116.2 0.606 10.18 3.28 259.9
0.800 0.706 — — 8761 BREM 0.775 — — — 14.76 5.16 267.7 0.400 0.285 0.305 0.295 4286 SEAL 0.305 0.010 34 0.304 3.65 — 74.1
1.156 0.812 0.910 0.890 8591 CRESBLD 0.890 -0.005 116.3 0.894 4.40 5.06 157.5 2.810 2.038 2.350 2.270 6017 SHL 2.270 -0.030 3.9 2.304 11.16 7.05 549.6
1.900 1.572 — — 7528 DKLS 1.730 — — — 35.16 1.73 160.4 1.185 0.705 0.805 0.780 5288 SIMEPROP 0.800 0.015 6624.9 0.797 36.53 2.50 5,440.7
0.874 0.358 0.790 0.770 5253 ECONBHD 0.775 UNCH 7037.8 0.779 53.82 0.65 1,036.6 0.215 0.130 0.170 0.155 4375 SMI 0.160 -0.005 330.5 0.161 50.00 — 33.6
1.027 0.405 0.815 0.790 8877 EKOVEST 0.805 0.005 28171.5 0.803 11.80 1.24 2,137.1 0.480 0.160 0.185 0.180 5213 SNTORIA 0.180 -0.005 1090.5 0.181 — — 102.1
0.499 0.288 0.365 0.355 7047 FAJAR 0.355 -0.005 197.1 0.357 17.75 4.23 132.7 2.562 1.180 1.340 1.300 8664 SPSETIA 1.340 0.020 2359.6 1.325 20.00 6.38 5,416.9
0.941 0.465 0.700 0.685 9261 GADANG 0.695 0.015 2732.3 0.695 10.94 1.73 506.0 0.920 0.580 0.610 0.610 3743 SUNSURIA 0.610 0.010 15 0.610 2.14 — 546.5
3.978 2.091 3.770 3.700 5398 GAMUDA 3.700 -0.060 874.8 3.720 12.93 3.24 9,153.7 0.439 0.312 0.385 0.380 1538 SYMLIFE 0.385 UNCH 45.3 0.385 1.87 2.60 231.2
1.540 0.658 1.180 1.150 5226 GBGAQRS 1.150 0.010 650.4 1.167 13.42 1.30 568.8 0.330 0.190 0.310 0.300 4022 TADMAX 0.300 -0.005 3680 0.300 12.77 — 235.1
1.354 0.703 0.960 0.945 3204 GKENT 0.955 -0.005 776.6 0.953 8.03 — 537.9 0.260 0.222 0.245 0.235 5158 TAGB 0.245 UNCH 478.3 0.241 — 6.53 1,303.8
0.695 0.280 0.545 0.540 5169 HOHUP 0.545 UNCH 152.7 0.543 8.65 — 224.7 0.055 0.025 0.035 0.030 2259 TALAMT 0.030 UNCH 1272 0.035 8.82 — 128.9
1.575 1.310 1.330 1.320 6238 HSL 1.320 UNCH 19.4 1.328 12.82 1.82 769.1 0.803 0.666 0.730 0.725 5191 TAMBUN 0.730 0.005 257.7 0.730 6.94 3.36 316.4
2.510 1.497 2.090 2.010 3336 IJM 2.080 0.080 2103.3 2.055 16.20 1.92 7,569.7 0.080 0.040 0.055 0.050 2429 TANCO 0.055 UNCH 507 0.055 — — 45.7
0.290 0.070 0.080 0.070 5268 IKHMAS 0.075 UNCH 1142.2 0.075 — — 44.1 0.280 0.175 0.190 0.190 7889 THRIVEN 0.190 UNCH 52 0.190 3.59 — 103.9
0.630 0.430 — — 8834 IREKA 0.490 — — — — 4.08 91.5 0.100 0.030 0.095 0.085 7079 TIGER 0.090 0.005 22247 0.089 450.00 — 117.8
1.430 0.405 1.250 1.220 4723 JAKS 1.230 0.010 14682 1.231 9.30 — 791.0 0.340 0.285 0.290 0.290 5239 TITIJYA 0.290 UNCH 27 0.290 15.76 0.52 390.6
1.490 0.975 1.330 1.240 7161 KERJAYA 1.260 UNCH 434.6 1.254 11.30 2.78 1,564.9 0.940 0.754 0.935 0.925 5401 TROP 0.935 0.005 177.5 0.932 9.01 2.89 1,374.8
1.460 0.972 1.270 1.270 5171 KIMLUN 1.270 0.030 22 1.270 6.47 2.91 431.6 1.020 0.620 0.735 0.720 5148 UEMS 0.725 0.005 398.1 0.725 27.99 — 3,289.6
1.110 0.735 — — 9628 LEBTECH 1.110 — — — — — 151.5 2.350 1.865 2.040 2.000 5200 UOADEV 2.000 -0.010 427.9 2.024 8.81 7.00 3,934.3
0.538 0.360 — — 5129 MELATI 0.450 — — — 72.58 2.22 54.0 0.170 0.070 0.100 0.085 6378 WMG 0.085 -0.015 175.1 0.092 — — 36.2
1.000 0.660 0.830 0.800 8192 MERCURY 0.830 0.050 67.2 0.802 9.27 — 33.4 0.995 0.650 0.760 0.760 7003 Y&G 0.760 UNCH 2.4 0.760 20.00 — 166.0
0.815 0.600 0.660 0.630 7595 MGB 0.640 UNCH 34.8 0.644 22.54 — 321.1 2.800 1.100 2.580 2.550 3158 YNHPROP 2.580 0.030 9.7 2.576 55.01 — 1,364.8
0.432 0.216 0.265 0.255 9571 MITRA 0.260 -0.005 860.9 0.258 — 5.77 233.0 0.490 0.165 0.180 0.170 7066 YONGTAI 0.175 UNCH 6967.6 0.175 — — 137.1
0.250 0.115 0.175 0.170 5924 MTDACPI 0.175 0.010 83.7 0.172 — — 40.5 TRANSPORTATION & LOGISTICS
0.435 0.180 0.430 0.395 5085 MUDAJYA 0.420 0.005 29675 0.416 — — 254.3 8.860 6.481 8.310 8.130 5014 AIRPORT 8.150 -0.110 1009.1 8.189 28.29 1.72 13,522.4
3.108 2.240 2.280 2.240 5703 MUHIBAH 2.240 -0.040 480.1 2.251 8.23 3.35 1,086.8 1.400 1.120 1.300 1.280 8133 BHIC 1.300 0.010 5.5 1.295 — 2.69 323.0
0.370 0.220 0.265 0.260 7071 OCR 0.265 UNCH 868.7 0.265 — — 87.6 4.962 3.550 4.350 4.350 5032 BIPORT 4.350 0.200 0.1 4.350 12.31 4.14 2,001.0
0.900 0.735 — — 5622 PEB 0.795 — — — — — 55.0 0.395 0.265 0.285 0.285 7187 CHGP 0.285 UNCH 20 0.285 38.51 — 84.7
0.269 0.163 0.225 0.220 8311 PESONA 0.220 0.005 467.8 0.224 12.87 4.55 152.9 0.540 0.330 0.350 0.350 7117 CJCEN 0.350 0.005 30 0.350 — 2.14 138.0
0.350 0.183 0.350 0.320 5070 PRTASCO 0.335 0.015 6666.3 0.336 — 3.58 166.0 0.930 0.541 0.720 0.720 5136 COMPLET 0.720 0.010 4.6 0.720 10.40 — 91.4
3.430 1.986 — — 9598 PTARAS 3.100 — — — 17.73 6.45 514.2 0.525 0.310 0.370 0.355 5259 EATECH 0.355 -0.025 4129.1 0.360 — — 178.9
0.425 0.255 0.400 0.335 6807 PUNCAK 0.350 0.015 10599 0.370 — 1.43 157.2 0.689 0.476 0.610 0.605 7210 FREIGHT 0.605 -0.020 15 0.608 13.41 5.79 168.9
0.730 0.375 0.390 0.385 5205 SENDAI 0.385 -0.005 571.7 0.386 7.01 — 300.7 0.395 0.255 0.275 0.265 0078 GDEX 0.270 0.005 577.3 0.269 49.09 0.93 1,523.2
1.810 0.820 — — 5006 STELLA 0.980 — — — — — 65.7 0.420 0.265 0.300 0.300 7676 GUNUNG 0.300 UNCH 25 0.300 — — 70.9
2.156 1.246 1.840 1.820 5263 SUNCON 1.830 -0.010 79.8 1.832 17.60 3.83 2,366.0 0.760 0.560 0.615 0.585 2062 HARBOUR 0.615 UNCH 25.8 0.591 10.59 2.85 246.2
0.285 0.215 — — 9717 SYCAL 0.235 — — — 69.12 — 97.8 0.065 0.035 0.050 0.045 7013 HUBLINE 0.050 0.005 319.7 0.049 45.45 — 191.0
0.741 0.430 0.445 0.440 5054 TRC 0.445 -0.005 110.6 0.441 10.14 4.27 213.8 0.525 0.270 0.430 0.410 5614 ILB 0.430 0.020 90.1 0.415 — — 83.9
0.595 0.295 — — 5042 TSRCAP 0.350 — — — — — 61.1 4.950 3.592 4.800 4.710 6645 LITRAK 4.720 -0.080 21 4.771 9.71 5.30 2,507.0
1.050 0.180 — — 0301 UNIWALL 1.050 — — — 37.91 0.40 384.0 0.110 0.055 0.065 0.065 5078 M&G 0.065 UNCH 45 0.065 — — 47.1
1.170 0.800 0.820 0.815 7070 VIZIONE 0.820 UNCH 1088.4 0.819 8.09 — 480.6 0.785 0.475 0.610 0.585 5077 MAYBULK 0.595 0.005 1180.9 0.598 1.54 — 595.0
0.601 0.295 0.320 0.305 3565 WCEHB 0.310 -0.005 10839 0.313 29.81 — 336.8 8.557 5.689 8.390 8.020 3816 MISC 8.330 0.180 1499.4 8.269 24.50 3.60 37,183.4
1.220 0.647 0.835 0.825 9679 WCT 0.830 0.005 1190.5 0.829 15.34 — 1,177.1 1.250 0.780 0.960 0.950 2194 MMCCORP 0.955 0.005 621.5 0.957 9.43 4.19 2,908.0
0.690 0.150 0.610 0.570 7028 ZECON 0.600 0.010 2504.3 0.595 4.98 — 86.5 0.360 0.130 — — 9806 NATWIDE 0.160 — — — — — 19.7
0.125 0.025 0.080 0.070 2283 ZELAN 0.075 UNCH 166.2 0.075 — — 63.4 0.045 0.025 0.035 0.025 6254 PDZ 0.035 UNCH 361 0.031 — — 23.9
HEALTH CARE 2.207 1.191 1.420 1.390 4634 POS 1.390 -0.010 611.1 1.402 — 2.88 1,088.1
0.640 0.350 — — 7191 ADVENTA 0.580 — — — — — 88.6 0.595 0.295 — — 8346 PRKCORP 0.380 — — — — — 38.0
2.500 1.950 2.320 2.300 7090 AHEALTH 2.320 -0.030 13.5 2.310 19.63 1.49 1,094.8 0.495 0.095 0.440 0.430 5145 SEALINK 0.435 0.005 520.5 0.435 — — 217.5
1.469 0.892 1.390 1.370 7148 DPHARMA 1.390 UNCH 1733 1.377 16.11 3.60 951.3 0.980 0.795 0.820 0.820 7053 SEEHUP 0.820 -0.080 1.6 0.820 — 3.84 65.9
6.299 4.469 5.210 5.140 5168 HARTA 5.200 0.070 2531.2 5.198 42.59 1.50 17,540.1 1.500 1.330 1.400 1.360 6521 SURIA 1.400 0.020 43.4 1.398 10.76 1.79 484.1
5.950 5.034 5.300 5.240 5225 IHH 5.270 -0.030 4015.5 5.276 48.53 0.57 46,238.9 0.345 0.200 0.220 0.215 5173 SYSCORP 0.220 0.005 361 0.216 — — 264.0
4.362 3.543 4.150 4.110 7153 KOSSAN 4.110 -0.030 545.5 4.132 23.66 1.46 5,256.4 0.360 0.180 0.245 0.240 5149 TAS 0.245 0.005 63 0.243 12.56 — 44.1
2.254 1.574 2.050 2.050 0002 KOTRA 2.050 -0.010 1 2.050 12.73 3.61 297.0 1.692 0.968 1.180 1.160 5140 TASCO 1.160 -0.010 15 1.169 21.76 4.31 232.0
1.083 0.865 0.930 0.915 5878 KPJ 0.925 0.005 1268 0.923 21.41 2.16 4,106.1 0.815 0.420 0.485 0.470 8397 TNLOGIS 0.485 0.005 1861.5 0.478 — — 223.5
2.845 1.931 2.070 2.040 7081 PHARMA 2.070 UNCH 42.3 2.057 15.96 7.49 540.7 1.150 0.430 0.530 0.500 7218 TOCEAN 0.500 0.070 30.7 0.513 — — 20.5
0.135 0.075 — — 0302 SMILE 0.080 — — — 27.59 1.50 80.1 4.540 3.327 4.210 4.170 5246 WPRTS 4.210 0.030 2033.4 4.189 23.49 3.10 14,356.1
1.837 1.281 1.350 1.310 7106 SUPERMX 1.320 0.010 3019.3 1.329 15.46 2.75 1,795.6 0.921 0.243 0.440 0.425 5267 XINHWA 0.435 0.005 211.9 0.431 32.46 — 94.0
0.820 0.615 0.635 0.625 0101 TMCLIFE 0.630 0.005 53 0.627 38.89 0.29 1,097.4 PLANTATION
5.942 4.210 4.480 4.410 7113 TOPGLOV 4.410 0.010 1123.2 4.431 30.90 1.70 11,292.2 0.210 0.110 0.195 0.155 7054 AASIA 0.195 0.035 3737.6 0.176 — — 128.7
0.545 0.277 — — 0301 TOPVISN 0.545 — — — 53.43 — 139.3 17.332 15.100 15.880 15.700 1899 BKAWAN 15.840 0.140 43.4 15.768 17.32 3.47 6,905.5
2.876 2.210 2.340 2.330 7178 YSPSAH 2.330 -0.010 24.5 2.334 12.41 3.00 325.2 7.540 5.410 — — 5069 BLDPLNT 5.410 — — — — — 505.8
FINANCIAL SERVICES 0.986 0.555 0.750 0.720 5254 BPLANT 0.745 0.030 4451.9 0.739 104.93 7.38 1,668.8
4.248 2.570 2.690 2.640 2488 ABMB 2.680 0.040 1190.4 2.663 9.14 5.30 4,148.9 0.736 0.480 0.660 0.640 8982 CEPAT 0.655 0.020 2436.7 0.651 — 2.29 208.6
16.851 13.785 14.700 14.540 5139 AEONCR 14.540 -0.240 44.9 14.610 72.34 3.07 3,687.4 6.890 6.030 6.600 6.500 1929 CHINTEK 6.600 0.150 8.7 6.560 18.78 2.42 603.0
2.340 1.890 1.910 1.890 5185 AFFIN 1.890 -0.010 146.2 1.893 6.37 2.65 3,753.6 0.499 0.394 0.450 0.435 3948 DUTALND 0.440 0.005 2448.7 0.442 — — 372.3
2.867 2.431 — — 5029 FAREAST 2.600 — — — 40.19 1.15 1,544.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
MONDAY DEC E MBE R 9 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.380 0.630 1.360 1.320 5222 FGV 1.320 UNCH 21355 1.340 — — 4,815.6 0.509 0.165 0.375 0.365 7108 PERDANA 0.370 UNCH 7782.5 0.370 — — 288.0
10.800 8.935 10.640 10.300 2291 GENP 10.400 -0.080 534.1 10.507 90.59 1.13 9,332.5 0.030 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3
0.450 0.335 0.450 0.420 7382 GLBHD 0.450 0.025 31.8 0.445 — — 100.3 7.270 4.920 5.110 5.090 3042 PETRONM 5.090 UNCH 6.4 5.094 11.23 3.93 1,374.3
0.723 0.530 0.700 0.700 2135 GOPENG 0.700 0.010 2 0.700 46.67 3.57 188.3 0.365 0.165 0.180 0.175 5256 REACH 0.180 UNCH 1078.5 0.178 — — 197.4
0.800 0.340 0.580 0.550 7501 HARNLEN 0.550 -0.035 9 0.578 — — 102.0 0.369 0.251 0.265 0.260 5218 SAPNRG 0.260 -0.005 36507.2 0.263 — — 4,154.6
1.969 1.400 1.820 1.750 5138 HSPLANT 1.810 0.080 530.8 1.799 229.11 0.83 1,448.0 0.145 0.040 0.045 0.040 7158 SCOMI 0.045 0.005 1729.6 0.041 — — 49.2
1.980 1.283 1.980 1.940 2216 IJMPLNT 1.980 0.110 2390.7 1.962 388.24 1.01 1,743.5 0.140 0.035 0.075 0.065 7045 SCOMIES 0.075 0.005 919.3 0.069 — — 175.6
0.694 0.550 0.615 0.600 2607 INCKEN 0.615 0.010 230.6 0.605 — 1.74 258.8 2.150 1.639 2.080 2.000 5279 SERBADK 2.050 0.050 5907.1 2.048 13.49 2.24 6,321.9
0.890 0.580 0.890 0.850 6262 INNO 0.885 0.045 460 0.873 78.32 1.13 423.8 0.045 0.005 — — 1201 SUMATEC 0.005 — — — — — 21.3
4.645 4.018 4.500 4.390 1961 IOICORP 4.480 0.050 4316.2 4.474 44.23 1.79 28,155.2 0.579 0.297 0.470 0.455 7228 T7GLOBAL 0.455 -0.010 368.6 0.462 59.87 1.10 228.2
0.885 0.430 0.885 0.840 4383 JTIASA 0.870 0.050 18523 0.864 — 0.57 847.1 0.080 0.025 0.065 0.065 7206 THHEAVY 0.065 -0.005 1228 0.065 0.67 — 72.9
25.611 20.900 24.240 23.760 2445 KLK 24.160 0.420 999.4 24.131 41.66 1.86 25,790.9 1.170 0.550 0.850 0.815 7250 UZMA 0.825 -0.005 8413.5 0.830 8.67 — 264.0
3.834 3.100 3.410 3.350 2453 KLUANG 3.410 0.080 25 3.369 — 0.29 215.4 0.410 0.165 0.390 0.375 5243 VELESTO 0.375 -0.015 37985 0.379 83.33 — 3,080.9
1.450 1.052 1.450 1.370 5027 KMLOONG 1.450 0.080 590.6 1.412 30.15 4.14 1,356.3 1.330 0.595 1.210 1.170 5142 WASEONG 1.210 0.030 349.4 1.195 20.83 — 937.6
0.435 0.345 0.435 0.405 1996 KRETAM 0.425 0.025 2692.6 0.420 — — 989.2 7.267 3.994 6.590 6.480 7293 YINSON 6.490 UNCH 441 6.498 37.15 0.92 7,102.3
0.950 0.610 0.900 0.700 6572 KWANTAS 0.735 -0.045 1519.4 0.738 — — 229.1
0.880 0.675 — — 4936 MALPAC 0.740 — — — — 13.51 55.5
0.690 0.545 0.690 0.655 5026 MHC 0.685 0.040 1087.7 0.674 — 2.19 134.6
2.000 1.680 — — 5047 NPC 1.900 — — — — — 228.0
3.500 3.082 3.460 3.460 2038 NSOP 3.460 UNCH 3 3.460 — 1.45 242.9
0.525 0.245 0.505 0.470 1902 PINEPAC 0.475 -0.005 4344.7 0.493 — — 71.2
1.310 0.640 0.820
0.310 0.120 0.310
3.109 2.720 —
0.815
0.280
—
9695
5113
2542
PLS
RSAWIT
RVIEW
0.815
0.300
2.900
UNCH
0.025
—
88.3
35399
—
0.818
0.295
—
—
—
190.79
—
—
1.38
285.8
425.5
188.1
Ace Market
3.160 2.800 — — 2569 SBAGAN 3.050 — — — — 0.66 202.3 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
0.445 0.205 0.330 0.330 4316 SHCHAN 0.330 UNCH 2 0.330 — — 43.5 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
5.300 3.934 5.300 5.100 5285 SIMEPLT 5.280 0.130 7031.7 5.272 135.38 1.95 36,350.6
3.380 1.919 3.330 3.290 5126 SOP 3.320 0.020 379.8 3.314 38.65 1.51 1,895.3 CONSUMER PRODUCTS & SERVICES
1.844 1.310 1.810 1.750 5135 SWKPLNT 1.780 0.030 148.4 1.787 37.01 2.81 498.4 0.740 0.325 0.500 0.495 0098 BAHVEST 0.500 Unch 1557.3 0.495 38.17 — 612.5
3.200 1.921 3.200 3.100 5012 TAANN 3.200 0.100 740.1 3.173 22.16 3.13 1,423.5 0.230 0.185 0.195 0.190 0179 BIOHLDG 0.190 -0.005 213.2 0.190 18.27 0.58 163.4
0.350 0.145 0.170 0.160 0205 DPIH 0.170 Unch 144.5 0.165 8.63 2.35 82.7
0.275 0.145 0.275 0.250 2054 TDM 0.275 0.030 46077 0.265 — — 462.7 0.410 0.095 0.390 0.370 0116 FOCUS 0.380 0.010 19034.5 0.380 — — 776.8
0.625 0.290 0.625 0.595 5112 THPLANT 0.600 0.005 3087.4 0.605 — — 530.3 0.477 0.113 0.325 0.320 0157 FOCUSP 0.320 Unch 136.2 0.320 6.97 5.88 70.4
1.330 0.865 1.330 1.260 9059 TSH 1.330 0.090 3084.7 1.308 50.96 0.75 1,837.8 0.120 0.075 0.100 0.095 0074 GOCEAN 0.100 0.005 931 0.100 — — 29.0
5.583 5.000 5.300 5.120 2593 UMCCA 5.200 -0.050 66.2 5.252 66.41 1.54 1,090.8 0.090 0.035 0.080 0.075 0170 KANGER 0.080 0.005 916.3 0.075 11.59 — 87.5
26.780 23.727 26.300 26.080 2089 UTDPLT 26.100 0.100 1005 26.081 18.52 1.53 5,432.3 0.428 0.241 0.255 0.255 0210 KHJB 0.255 Unch 5 0.255 9.77 — 96.9
TELECOMMUNICATIONS & MEDIA 0.200 0.130 0.155 0.145 0180 KTC 0.150 Unch 1081 0.149 6.85 — 76.5
0.180 0.055 0.080 0.075 0159 AMEDIA 0.075 -0.005 124.6 0.077 — — 18.0 0.155 0.090 0.120 0.115 0182 LKL 0.115 -0.005 205 0.120 — — 49.3
0.700 0.605 0.615 0.615 7031 AMTEL 0.615 UNCH 6.4 0.615 8.16 — 33.3 0.250 0.100 0.120 0.120 0140 MACPIE 0.120 Unch 7.3 0.120 — — 42.4
1.633 1.165 1.360 1.340 6399 ASTRO 1.350 0.010 4768.4 1.347 11.09 5.56 7,039.6 0.670 0.277 0.535 0.520 0201 NOVA 0.535 0.010 434.9 0.524 14.38 2.06 170.0
5.219 3.613 4.240 4.170 6888 AXIATA 4.210 -0.020 2424.9 4.199 — 2.26 38,578.6 0.150 0.100 — — 0153 OVERSEA 0.130 — — — — — 32.0
0.270 0.075 — — 6025 BJMEDIA 0.105 — — — — — 24.7 0.160 0.060 0.145 0.130 0022 PARLO 0.140 Unch 3411.8 0.137 — — 51.0
4.995 3.989 4.580 4.510 6947 DIGI 4.540 0.030 1599.1 4.533 24.05 4.10 35,298.5 0.400 0.180 0.185 0.180 0171 PLABS 0.185 Unch 164 0.184 10.28 — 39.7
0.310 0.165 0.180 0.170 0059 ECOHLDS 0.180 UNCH 89.6 0.176 14.06 — 56.4 0.539 0.452 0.510 0.500 0158 SCC 0.510 0.010 16.7 0.502 13.42 6.67 72.0
0.270 0.205 0.225 0.225 0212 SDS 0.225 Unch 209.5 0.225 — — 91.3
0.775 0.300 0.700 0.695 0082 GPACKET 0.700 UNCH 386.7 0.697 — — 653.4 0.265 0.225 0.245 0.235 0216 SPRING 0.245 0.005 1237.4 0.242 12.50 — 101.8
5.704 4.945 5.160 5.090 6012 MAXIS 5.140 0.050 923.3 5.134 28.09 3.89 40,197.4 0.200 0.075 0.120 0.115 0148 SUNZEN 0.115 -0.005 56.3 0.118 — — 61.5
0.600 0.265 0.285 0.265 4502 MEDIA 0.275 0.010 2837.1 0.276 52.88 — 305.0 0.370 0.255 0.280 0.270 0197 WEGMANS 0.280 0.010 237.3 0.278 8.89 1.79 140.0
0.265 0.150 0.190 0.185 5090 MEDIAC 0.185 -0.005 703.6 0.190 0.81 5.89 312.1 0.270 0.120 0.235 0.230 0095 XINGHE 0.235 Unch 134.4 0.231 — — 137.9
0.665 0.400 0.590 0.575 0172 OCK 0.580 -0.005 3776.9 0.582 18.13 — 556.0 INDUSTRIAL PRODUCTS & SERVICES
0.434 0.300 — — 7190 PPG 0.330 — — — 19.30 1.52 33.0 0.280 0.220 — — 0122 AIM 0.280 — — — — — 74.5
0.285 0.160 0.180 0.170 5252 SASBADI 0.175 UNCH 2194.2 0.175 21.88 — 73.3 0.095 0.055 — — 0105 ASIAPLY 0.060 — — — — 8.33 27.5
0.700 0.450 — — 9431 SJC 0.500 — — — — — 20.3 0.095 0.040 0.065 0.055 0072 AT 0.055 -0.010 27692 0.061 — — 25.5
0.799 0.410 0.430 0.410 6084 STAR 0.415 -0.010 1110.4 0.418 — 7.23 306.5 0.220 0.130 0.135 0.135 0187 BCMALL 0.135 -0.005 343.3 0.135 9.31 1.48 56.9
9.500 7.563 9.240 9.090 5031 TIMECOM 9.110 -0.060 468.2 9.192 16.65 1.02 5,334.2 0.215 0.130 0.130 0.130 0163 CAREPLS 0.130 Unch 130 0.130 — — 69.1
4.680 2.475 3.900 3.800 4863 TM 3.810 -0.100 3388.3 3.830 18.99 0.52 14,347.1 0.145 0.075 0.095 0.090 0102 CONNECT 0.095 Unch 70 0.091 — — 31.3
TECHNOLOGY 0.260 0.180 0.200 0.195 0190 ESAFE 0.195 -0.005 31 0.195 24.38 9.23 46.9
0.700 0.605 0.615 0.615 7031 AMTEL 0.615 UNCH 6.4 0.615 8.16 — 33.3 0.215 0.099 0.190 0.180 0100 ESCERAM 0.180 -0.015 657 0.185 26.87 3.33 37.0
0.548 0.265 0.285 0.280 0039 GFM 0.285 0.005 1042.7 0.281 12.34 3.86 134.6
0.165 0.115 0.125 0.120 5195 CENSOF 0.125 0.005 404.6 0.123 1250 — 62.7 0.195 0.030 0.040 0.040 0175 HHGROUP 0.040 0.005 4096 0.040 — — 13.6
0.250 0.160 0.175 0.165 0051 CUSCAPI 0.170 0.005 4742.7 0.170 — — 146.1 0.155 0.080 0.095 0.095 0160 HHHCORP 0.095 Unch 501 0.095 10.92 — 31.7
0.843 0.490 0.770 0.730 7204 D&O 0.730 -0.035 1970.2 0.744 0.88 1.37 813.0 0.220 0.115 0.180 0.180 0188 HLT 0.180 0.010 80.7 0.180 — — 92.2
0.260 0.160 0.205 0.195 8338 DATAPRP 0.195 -0.010 10114.8 0.199 — — 90.4 0.085 0.030 0.040 0.035 0024 JAG 0.040 0.005 464.3 0.036 — — 60.6
0.060 0.035 0.045 0.040 0029 DIGISTA 0.045 0.005 502 0.040 — — 29.6 0.690 0.178 0.635 0.615 0193 KAB 0.630 Unch 810.9 0.624 24.80 1.59 233.2
0.334 0.192 0.280 0.270 4456 DNEX 0.270 UNCH 6370.3 0.274 13.92 1.85 474.7 0.280 0.080 0.195 0.175 0167 MCLEAN 0.185 0.010 17361 0.183 — — 33.1
1.180 0.331 1.110 1.070 5216 DSONIC 1.080 0.020 10319.7 1.091 30.00 2.08 1,458.0 0.210 0.090 0.140 0.140 0081 MEGASUN 0.140 -0.005 106.5 0.140 40.00 — 35.1
0.645 0.380 0.515 0.480 5036 EDARAN 0.500 0.005 1449.4 0.501 — — 30.0 0.210 0.105 0.120 0.115 0207 MESTRON 0.115 Unch 2243.1 0.115 — — 90.9
0.739 0.367 0.530 0.515 0065 EFORCE 0.530 0.005 4731.6 0.524 34.42 2.60 326.2 0.688 0.398 0.570 0.550 0213 MTAG 0.560 Unch 6693.7 0.561 10.43 — 381.7
1.198 0.747 0.865 0.845 0090 ELSOFT 0.855 0.010 979.8 0.856 28.60 4.39 571.5 0.080 0.035 — — 0177 PASUKGB 0.035 — — — — — 28.5
2.170 0.566 2.170 2.120 0128 FRONTKN 2.160 0.030 2666.6 2.145 32.48 0.83 2,275.4 0.160 0.105 0.120 0.120 0038 PTB 0.120 -0.010 1 0.120 — — 22.4
0.155 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.270 0.165 0.225 0.215 0196 QES 0.220 0.005 1720.7 0.219 32.84 — 166.8
1.800 1.240 1.390 1.330 0021 GHLSYS 1.370 0.050 1560.8 1.367 36.34 — 1,026.4 0.175 0.040 0.060 0.055 0133 SANICHI 0.060 Unch 25958 0.057 — — 66.5
0.150 0.090 — — 0161 SCH 0.100 — — — 8.85 — 55.6
0.775 0.300 0.700 0.695 0082 GPACKET 0.700 UNCH 386.7 0.697 — — 653.4 0.982 0.429 0.780 0.765 0001 SCOMNET 0.770 -0.010 206.6 0.773 29.17 1.30 495.1
0.300 0.181 0.270 0.265 0056 GRANFLO 0.270 0.005 23.1 0.265 17.65 1.85 130.4 0.290 0.115 0.170 0.170 0028 SCOPE 0.170 0.005 141.9 0.170 — 2.94 105.3
2.268 1.331 2.170 2.110 7022 GTRONIC 2.160 0.050 1097.6 2.143 27.69 1.39 1,446.0 0.120 0.075 0.090 0.085 0055 SERSOL 0.085 0.005 72 0.085 — — 18.3
1.440 0.340 0.900 0.865 5028 HTPADU 0.875 0.010 1441.7 0.879 — — 88.6 0.925 0.595 0.925 0.860 0215 SLVEST 0.870 -0.035 22119.6 0.888 22.89 — 339.8
2.090 1.184 1.870 1.840 0166 INARI 1.860 0.020 4205.3 1.861 33.10 2.63 5,934.2 0.580 0.260 0.280 0.275 0211 TASHIN 0.275 -0.005 27.7 0.276 13.75 — 96.0
0.314 0.242 0.280 0.275 0192 INTA 0.275 UNCH 990 0.276 5.91 2.51 147.2 0.490 0.237 0.455 0.435 0084 TECFAST 0.445 -0.005 1637.3 0.444 31.79 2.25 101.5
0.130 0.070 — — 9393 ITRONIC 0.080 — — — — — 10.7 0.580 0.325 0.400 0.385 0089 TEXCYCL 0.385 -0.015 386.1 0.389 16.38 1.56 98.6
0.250 0.155 0.215 0.190 5161 JCY 0.210 0.020 8906.9 0.205 — 2.38 436.1 0.570 0.215 0.570 0.495 0162 WIDAD 0.550 -0.010 20481.4 0.543 59.14 — 1,350.1
9.960 6.660 8.750 8.710 9334 KESM 8.750 UNCH 15.3 8.741 46.22 1.03 376.4 0.165 0.110 — — 0025 YBS 0.135 — — — 18.49 — 32.7
0.150 0.050 0.060 0.055 0143 KEYASIC 0.055 UNCH 515.3 0.055 — — 52.3 TECHNOLOGY
0.405 0.310 — — 0302 MCOM 0.405 — — — — — 76.4 0.325 0.175 0.245 0.230 0181 AEMULUS 0.240 0.005 2203.1 0.240 — 0.83 131.9
1.852 0.959 1.830 1.730 5286 MI 1.830 0.080 4051.8 1.782 28.07 2.19 1,372.5 0.145 0.075 0.125 0.110 0119 APPASIA 0.120 0.010 903.1 0.117 — — 41.4
0.965 0.576 0.725 0.680 0113 MMSV 0.705 0.030 4042 0.703 25.27 2.84 143.7 0.300 0.100 0.105 0.100 0068 ASDION 0.100 -0.005 10.2 0.105 — — 12.8
0.430 0.200 0.330 0.315 0195 BINACOM 0.320 -0.005 756.6 0.321 20.51 3.13 83.2
11.540 8.330 10.880 10.880 3867 MPI 10.880 -0.260 1.3 10.880 16.83 2.94 2,283.5 0.313 0.180 — — 0191 CABNET 0.215 — — — 8.88 3.72 38.4
1.930 0.980 1.320 1.250 5011 MSNIAGA 1.320 0.060 3.8 1.298 — — 79.7 0.195 0.090 0.155 0.145 0152 DGB 0.145 Unch 36082.2 0.151 — — 111.5
1.725 0.779 1.160 1.130 0138 MYEG 1.150 -0.010 11996.6 1.143 16.91 1.65 4,147.3 0.110 0.065 0.090 0.090 0131 DGSB 0.090 Unch 2100.4 0.090 16.67 — 67.1
0.257 0.115 0.140 0.125 0041 MYSCM 0.140 0.015 1395.9 0.131 — — 44.6 0.025 0.005 0.015 0.015 0154 EAH 0.015 0.005 3351.2 0.015 — — 76.1
1.020 0.460 0.980 0.890 0083 NOTION 0.970 0.075 11400.7 0.949 42.54 1.03 324.7 0.069 0.014 0.025 0.020 0107 EDUSPEC 0.020 -0.005 1613.7 0.024 — — 28.5
0.525 0.320 0.510 0.490 9008 OMESTI 0.500 0.015 891.5 0.503 — — 239.3 2.015 1.040 1.040 1.040 0104 GENETEC 1.040 -0.010 3 1.040 35.02 4.81 44.0
4.920 1.532 4.420 4.330 7160 PENTA 4.340 -0.030 1351.4 4.374 25.96 — 2,061.0 0.100 0.045 0.070 0.065 0045 GNB 0.070 Unch 959.6 0.070 — — 20.2
0.650 0.255 0.430 0.415 5204 PRESBHD 0.425 0.005 4689.9 0.420 — 4.00 205.7 2.170 0.635 2.170 2.050 0208 GREATEC 2.140 0.070 7413.2 2.126 26.29 — 1,339.6
0.580 0.240 0.490 0.450 9075 THETA 0.490 UNCH 80.5 0.480 — — 52.5 0.035 0.015 0.030 0.030 0174 IDMENSN 0.030 0.005 2861.2 0.030 — — 8.2
0.025 0.005 0.015 0.010 0118 TRIVE 0.010 UNCH 700 0.010 — — 23.5 0.570 0.180 0.455 0.435 0023 IFCAMSC 0.440 Unch 11724.6 0.445 23.16 2.27 267.6
0.200 0.100 0.125 0.125 4359 TURIYA 0.125 UNCH 17.3 0.125 — — 28.6 0.120 0.045 0.050 0.050 0094 INIX 0.050 Unch 45.5 0.050 — — 14.9
3.233 1.910 2.280 2.200 5005 UNISEM 2.210 -0.040 230.7 2.249 39.39 4.07 1,621.8 0.195 0.125 0.145 0.140 0010 IRIS 0.140 -0.005 2449.7 0.140 11.02 — 415.3
2.940 1.100 2.760 2.610 5292 UWC 2.750 0.140 3608.2 2.708 24.06 1.09 1,008.7 0.275 0.150 0.240 0.230 0209 ISTONE 0.230 Unch 9595.6 0.232 18.70 — 280.9
1.360 0.640 1.350 1.300 0146 JFTECH 1.340 0.020 884.8 1.336 92.41 0.37 281.4
8.400 5.667 7.800 7.760 0097 VITROX 7.760 -0.050 6.4 7.764 40.00 0.71 3,655.0 1.520 0.805 1.520 1.420 0127 JHM 1.510 0.090 7356 1.483 24.43 1.32 842.0
1.670 0.868 1.620 1.580 5162 VSTECS 1.590 0.020 1643.3 1.596 10.53 3.14 286.2 0.285 0.185 0.215 0.205 0111 K1 0.210 Unch 1584.4 0.210 20.59 — 153.1
0.510 0.325 0.505 0.480 0008 WILLOW 0.480 0.005 2273.1 0.492 15.79 2.08 238.1 0.060 0.030 0.035 0.030 0036 KGROUP 0.030 -0.005 28.7 0.035 — — 15.6
UTILITIES 0.805 0.501 0.755 0.720 0176 KRONO 0.750 0.025 7924.9 0.741 15.89 2.67 367.0
0.190 0.090 0.155 0.145 7471 EDEN 0.150 UNCH 1869.1 0.150 — — 60.5 0.160 0.030 0.035 0.030 0018 LAMBO 0.035 Unch 2102.3 0.035 4.55 — 73.6
2.908 2.541 2.720 2.680 5209 GASMSIA 2.690 -0.010 51.5 2.691 18.85 5.13 3,454.0 0.460 0.275 0.320 0.305 0075 LYC 0.310 -0.005 533 0.308 — — 104.4
0.923 0.695 0.895 0.865 5264 MALAKOF 0.895 0.025 1427.6 0.881 15.25 6.64 4,475.0 0.060 0.035 0.045 0.040 0017 M3TECH 0.045 0.005 6019.1 0.040 — — 26.4
4.840 3.032 4.790 4.700 3069 MFCB 4.760 0.070 425.2 4.736 19.16 0.84 2,072.1 0.425 0.230 — — 0155 MGRC 0.325 — — — — — 33.6
1.248 1.002 1.130 1.100 5041 PBA 1.110 0.030 41.2 1.109 — 2.37 367.7 0.710 0.305 0.710 0.680 0126 MICROLN 0.710 0.035 324.2 0.691 19.29 — 118.8
19.160 13.837 15.800 15.500 6033 PETGAS 15.800 0.300 307.8 15.677 17.68 4.56 31,264.0 0.275 0.175 0.195 0.195 0112 MIKROMB 0.195 Unch 23.7 0.195 19.70 4.10 114.9
1.440 0.829 1.150 1.140 5272 RANHILL 1.140 UNCH 197.5 1.141 24.36 3.80 1,215.2 0.075 0.035 0.060 0.055 0085 MLAB 0.060 0.005 3877.9 0.057 — — 40.2
0.298 0.205 0.230 0.215 8567 SALCON 0.220 0.005 1492.7 0.224 — — 186.4 0.400 0.200 0.280 0.280 0034 MMAG 0.280 0.005 41.8 0.280 — — 200.9
0.997 0.831 0.900 0.880 8524 TALIWRK 0.880 -0.005 394.5 0.887 11.80 5.45 1,773.9 0.125 0.015 0.025 0.015 0103 MNC 0.020 Unch 14634.6 0.020 — — 22.8
0.145 0.090 0.105 0.100 0156 MPAY 0.100 -0.005 280 0.103 — — 71.0
14.000 10.994 13.460 13.220 5347 TENAGA 13.420 0.160 1813.5 13.397 20.40 3.95 76,318.0 0.050 0.015 0.020 0.020 0070 MQTECH 0.020 -0.005 120 0.020 — — 12.8
1.197 0.820 0.830 0.820 4677 YTL 0.825 UNCH 1475.2 0.826 67.07 4.85 9,088.2 0.130 0.050 0.085 0.075 0092 MTOUCHE 0.085 0.010 5026.6 0.082 — — 43.2
0.881 0.639 0.700 0.690 6742 YTLPOWR 0.700 0.010 1062.4 0.697 12.82 7.14 5,710.7 1.075 0.691 0.720 0.705 0108 N2N 0.720 0.005 45.1 0.709 23.30 2.78 430.5
CLOSED-END FUNDS 0.025 0.005 0.020 0.015 0020 NETX 0.020 Unch 4935.2 0.020 — — 72.8
2.610 2.300 2.400 2.380 5108 ICAP 2.380 -0.020 6.5 2.386 78.03 — 333.2 0.025 0.010 0.015 0.010 0096 NEXGRAM 0.010 Unch 25091.6 0.010 — — 20.7
EXCHANGE TRADED FUNDS 0.150 0.045 0.055 0.050 0026 NOVAMSC 0.055 Unch 1561.8 0.055 — — 41.3
1.260 1.100 — — 0800EA ABFMY1 1.218 — — — — 1.91 1,574.8 0.840 0.435 0.705 0.660 0035 OPCOM 0.665 -0.025 3899.7 0.676 — — 107.2
6.140 5.220 5.860 5.860 0829EA CHINAETF-MYR 5.860 -0.010 1 5.860 — — 9.6 0.410 0.267 0.375 0.370 0040 OPENSYS 0.375 Unch 431.4 0.374 11.26 4.67 111.7
1.345 1.345 — — 0829EB CHINAETF-USD 1.345 — — — — — 0.9 0.230 0.075 0.090 0.085 0079 ORION 0.085 Unch 1250.5 0.086 27.42 — 60.1
4.070 3.970 — — 0831EA FANG-1XI 3.970 — — — — — 2.0 0.390 0.240 0.320 0.290 0006 PINEAPP 0.320 0.030 2.5 0.296 — — 15.5
4.100 3.950 3.950 3.950 0830EA FANG-2XL 3.950 UNCH 0.2 3.950 — — 1.0 0.090 0.045 0.055 0.050 0123 PRIVA 0.055 0.005 45 0.050 — — 30.7
1.900 1.650 — — 0820EA FBMKLCI-EA 1.690 — — — — 1.95 2.8 2.090 1.070 2.090 1.940 0200 REVENUE 2.080 0.140 7606.5 2.038 48.60 — 486.0
2.080 2.020 — — 0833EA HSCEI-1XI 2.070 — — — — — 1.6 0.750 0.525 0.650 0.650 0106 REXIT 0.650 Unch 15 0.650 14.51 4.62 123.1
0.355 0.200 0.350 0.330 0202 RGTECH 0.330 -0.010 7964.1 0.338 45.83 — 173.3
1.990 1.850 — — 0832EA HSCEI-2XL 1.870 — — — — — 1.4 0.310 0.090 0.225 0.195 0178 SEDANIA 0.220 0.025 20264 0.210 — — 54.6
1.050 0.940 — — 0826EA METFAPA 0.945 — — — — — 17.0 0.610 0.370 0.565 0.525 0203 SMETRIC 0.560 0.040 1302.4 0.546 — — 136.4
1.000 0.790 0.820 0.820 0825EA METFSID 0.820 -0.005 9.5 0.820 — 2.43 72.2 0.125 0.075 0.090 0.085 0117 SMRT 0.090 Unch 416 0.087 — — 36.6
1.245 0.900 1.235 1.235 0827EA METFUS50 1.235 UNCH 3.7 1.235 — — 14.2 0.280 0.055 0.100 0.095 0169 SMTRACK 0.095 -0.005 357.7 0.097 — — 16.8
1.140 1.020 — — 0821EA MYETFDJ 1.080 — — — — 2.26 289.3 0.130 0.080 0.110 0.105 0093 SOLUTN 0.105 Unch 564.5 0.106 — — 32.2
1.185 1.040 1.105 1.105 0824EA MYETFID 1.105 0.005 4.7 1.105 — 2.50 43.3 0.340 0.195 0.270 0.260 0129 SRIDGE 0.265 0.005 1361 0.264 — — 37.2
1.950 1.750 1.810 1.810 0822EA PAM-A40M 1.810 -0.010 3.5 1.810 — 3.78 4.9 0.270 0.155 0.170 0.165 0050 SYSTECH 0.170 0.005 10.8 0.165 — 1.18 59.1
1.690 1.450 — — 0823EA PAM-C50 1.530 — — — — — 10.9 0.125 0.045 — — 0132 TDEX 0.055 — — — — — 32.5
REAL ESTATE INVESTMENT TRUSTS 0.140 0.040 0.055 0.050 0145 TFP 0.050 -0.010 350 0.051 — — 10.4
0.820 0.659 0.785 0.765 4952 AHP 0.765 -0.005 34.5 0.765 11.59 7.62 168.3 0.315 0.125 0.150 0.145 0005 UCREST 0.150 Unch 1447.4 0.145 — — 69.6
1.650 1.135 — — 5116 ALAQAR 1.490 — — — 11.95 5.30 1,096.6 0.330 0.108 0.150 0.145 0060 VC 0.150 0.005 66 0.146 — — 63.6
0.919 0.723 — — 5269 ALSREIT 0.845 — — — 11.79 6.32 490.1 0.560 0.305 0.405 0.380 0120 VIS 0.400 0.020 2084.9 0.396 15.63 2.50 67.7
0.512 0.456 0.480 0.470 5120 AMFIRST 0.470 -0.005 214.2 0.474 15.72 8.34 322.6 0.025 0.015 0.020 0.015 0069 VIVOCOM 0.015 -0.005 3442.4 0.015 — — 85.0
0.255 0.040 0.050 0.040 0066 VSOLAR 0.045 Unch 3537.6 0.045 — — 18.5
0.834 0.750 0.765 0.755 5127 ARREIT 0.765 0.005 121.9 0.760 33.12 7.71 438.5 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
1.204 1.020 1.030 1.030 5130 ATRIUM 1.030 -0.010 120.4 1.030 12.76 6.18 210.8 0.145 0.100 0.115 0.115 0086 YGL 0.115 Unch 40 0.115 — — 26.7
1.933 1.366 1.770 1.750 5106 AXREIT 1.760 UNCH 1397.1 1.754 14.62 5.54 2,460.7 TELECOMMUNICATIONS & MEDIA
1.110 0.919 1.030 1.020 5180 CMMT 1.020 UNCH 123.5 1.024 24.40 6.60 2,092.8 0.430 0.200 0.330 0.315 0195 BINACOM 0.320 -0.005 756.6 0.321 20.51 3.13 83.2
1.116 0.955 1.000 0.990 5121 HEKTAR 0.995 UNCH 191.3 0.993 13.92 8.12 459.7 0.695 0.400 — — 0147 INNITY 0.415 — — — 14.02 — 57.7
2.067 1.566 1.960 1.900 5227 IGBREIT 1.960 0.060 2203.5 1.932 20.08 4.71 6,955.7 0.060 0.035 0.045 0.040 0017 M3TECH 0.045 0.005 6019.1 0.040 — — 26.4
0.865 0.686 0.850 0.845 5280 KIPREIT 0.845 UNCH 9 0.845 9.42 7.04 427.0 0.125 0.015 0.025 0.015 0103 MNC 0.020 Unch 14634.6 0.020 — — 22.8
8.293 7.149 8.090 7.990 5235SS KLCC 7.990 -0.040 1102.7 8.004 19.78 4.67 14,424.6 0.130 0.050 0.085 0.075 0092 MTOUCHE 0.085 0.010 5026.6 0.082 — — 43.2
1.080 0.995 1.000 0.995 5123 MQREIT 0.995 -0.005 130.3 0.996 17.30 7.25 1,066.4 0.025 0.010 0.015 0.010 0096 NEXGRAM 0.010 Unch 25091.6 0.010 — — 20.7
1.900 1.466 1.760 1.730 5212 PAVREIT 1.730 -0.010 902.5 1.732 18.25 5.11 5,261.1 0.840 0.435 0.705 0.660 0035 OPCOM 0.665 -0.025 3899.7 0.676 — — 107.2
1.949 1.509 1.850 1.820 5176 SUNREIT 1.840 0.010 1305.7 1.836 13.90 5.22 5,418.9 0.090 0.045 0.055 0.050 0123 PRIVA 0.055 0.005 45 0.050 — — 30.7
0.900 0.813 0.830 0.825 5111 TWRREIT 0.825 -0.005 29.6 0.828 38.73 7.19 231.4 0.135 0.035 0.040 0.035 0007 PUC 0.035 Unch 15786.9 0.040 8.54 — 83.1
0.610 0.146 0.530 0.515 0032 REDTONE 0.520 0.005 2577.4 0.523 20.88 — 394.8
1.425 1.187 1.250 1.220 5110 UOAREIT 1.250 UNCH 172.4 1.224 13.09 7.46 528.6 0.255 0.115 0.125 0.120 0173 REV 0.125 0.005 25 0.122 — — 16.8
1.390 1.091 1.350 1.330 5109 YTLREIT 1.330 UNCH 222.6 1.339 17.07 5.69 2,266.8 0.310 0.090 0.225 0.195 0178 SEDANIA 0.220 0.025 20264 0.210 — — 54.6
SPAC 0.340 0.195 0.270 0.260 0129 SRIDGE 0.265 0.005 1361 0.264 — — 37.2
0.51 0.485 — — 5270 RSENA 0.505 — — — — — 505.0 0.065 0.035 0.045 0.035 0165 XOX 0.040 Unch 2672.3 0.040 — — 43.7
ENERGY FINANCIAL SERVICES
0.155 0.056 0.130 0.125 5115 ALAM 0.125 -0.005 6021.6 0.127 — — 128.0 0.095 0.040 0.065 0.055 0150 FINTEC 0.055 Unch 46011 0.057 2.03 — 37.4
0.550 0.145 0.500 0.470 5210 ARMADA 0.475 -0.020 55784 0.478 — — 2,791.3 0.560 0.390 — — 0053 OSKVI 0.390 — — — — — 77.1
0.145 0.020 0.025 0.020 7251 BARAKAH 0.025 UNCH 274 0.023 — — 20.9 HEALTH CARE
1.470 0.284 1.250 1.210 5257 CARIMIN 1.220 -0.010 1231.4 1.224 10.31 2.46 285.3 0.215 0.130 0.130 0.130 0163 CAREPLS 0.130 Unch 130 0.130 — — 69.1
1.370 0.735 1.270 1.250 5071 COASTAL 1.250 -0.010 112.2 1.260 31.49 — 666.2 0.155 0.090 0.120 0.115 0182 LKL 0.115 -0.005 205 0.120 — — 49.3
0.020 0.005 0.010 0.005 0091 DAYA 0.010 0.005 3184 0.010 — — 20.4 0.425 0.230 — — 0155 MGRC 0.325 — — — — — 33.6
2.290 0.479 2.290 2.220 5141 DAYANG 2.230 -0.030 10648.8 2.245 8.98 — 2,366.7 0.670 0.277 0.535 0.520 0201 NOVA 0.535 0.010 434.9 0.524 14.38 2.06 170.0
1.223 0.786 0.980 0.955 5132 DELEUM 0.975 0.015 226.7 0.965 12.22 3.74 391.5 TRANSPORTATION & LOGISTICS
0.110 0.050 0.055 0.050 0048 ANCOMLB 0.055 0.005 70.1 0.050 — — 26.0
3.539 2.680 3.450 3.390 7277 DIALOG 3.450 0.060 3026.8 3.422 33.17 1.10 19,463.7 0.285 0.195 0.220 0.210 0080 STRAITS 0.220 0.010 1058 0.216 20.18 — 143.1
0.510 0.275 0.365 0.360 7253 HANDAL 0.360 -0.005 121 0.361 — — 78.8 0.500 0.295 0.350 0.340 0199 TRIMODE 0.350 0.030 116.4 0.345 22.15 2.14 58.1
6.480 4.150 4.210 4.170 4324 HENGYUAN 4.200 -0.040 131.9 4.184 94.38 — 1,260.0 CONSTRUCTION
1.240 0.760 0.900 0.880 5199 HIBISCS 0.885 -0.010 2768.7 0.887 9.62 — 1,405.6 0.515 0.205 0.485 0.465 0198 GDB 0.470 -0.015 3991 0.474 11.06 4.26 293.8
0.300 0.115 0.145 0.135 2739 HUAAN 0.140 0.005 5661.7 0.140 15.91 — 157.1 0.392 0.230 0.280 0.275 0206 NADIBHD 0.280 Unch 1514.3 0.280 7.98 — 210.8
0.125 0.035 0.050 0.045 5255 ICON 0.045 -0.005 1457.8 0.045 — — 53.0 0.050 0.010 — — 0109 SCBUILD 0.030 — — — 16.67 — 26.5
0.475 0.070 0.370 0.355 7164 KNM 0.360 UNCH 42466.6 0.364 — — 942.8 PLANTATION
0.970 0.495 0.875 0.855 5186 MHB 0.855 -0.030 307.4 0.863 — — 1,368.0 0.090 0.065 0.090 0.075 0189 MATANG 0.085 0.010 26780 0.084 94.44 1.76 153.9
1.860 0.334 1.490 1.450 5133 PENERGY 1.460 -0.010 508.8 1.467 7.58 2.74 469.8 UTILITIES
0.347 0.172 0.220 0.215 0011 BTECH 0.220 0.005 7.5 0.219 13.50 7.27 55.4
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
Main Market & Ace Market Warrants 0.170 0.050 0.075 0.075 0111WC K1-WC 0.075 -0.005 100 0.210 0.300 78.57 30/12/2021
0.035 0.010 0.025 0.020 0170WA KANGER-WA 0.025 Unch 110 0.080 0.100 56.25 13/04/2020
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.060 0.050 0.050 0.050 7161CL KERJAYA-CL 0.050 -0.005 200 1.260 1.600 38.89 13/04/2020
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.345 0.140 0.235 0.235 7161WB KERJAYA-WB 0.235 Unch 50 1.260 1.600 45.63 28/02/2023
0.415 0.020 0.235 0.230 70350 A50CHIN-C50 0.235 0.025 76 7.978 8.258 7.93 31/03/2020 0.400 0.200 0.280 0.255 5171WA KIMLUN-WA 0.270 -0.010 4.6 1.270 1.680 53.54 12/03/2024
0.330 0.115 0.130 0.130 70352 A50CHIN-C52 0.130 0.005 5 7.978 8.791 12.64 29/04/2020 0.085 0.060 0.085 0.080 2445C4 KLK-C4 0.080 0.015 2026.3 24.159 23.300 6.38 07/08/2020
0.325 0.180 0.230 0.230 70337 A50CHIN-H37 0.230 -0.015 15 7.978 7.459 -2.18 29/04/2020 0.425 0.160 0.425 0.370 5027WB KMLOONG-WB 0.425 0.065 151.7 1.450 1.400 25.86 10/04/2025
0.080 0.005 0.005 0.005 5238WA AAX-WA 0.005 Unch 127 0.150 0.460 210.00 08/06/2020 0.315 0.010 0.090 0.065 7164WB KNM-WB 0.075 -0.010 40695 0.360 1.000 198.61 21/04/2020
0.005 0.005 — — 2488CZ ABMB-CZ 0.005 — — 0.090 4.180 4,567 09/12/2019 0.100 0.010 0.025 0.015 7017WB KOMARK-WB 0.025 0.005 482.4 0.255 0.230 0.00 21/01/2020
0.150 0.060 0.115 0.100 7131WA ACME-WA 0.100 -0.015 99.6 0.320 0.250 9.37 21/11/2024 0.030 0.005 0.015 0.015 5172WA KSTAR-WA 0.015 Unch 12 0.070 0.080 35.71 10/04/2021
0.225 0.060 0.060 0.060 6599CR AEON-CR 0.060 -0.005 48 1.490 1.450 5.37 31/03/2020 0.035 0.005 0.005 0.005 0018WB LAMBO-WB 0.005 Unch 905 0.035 0.160 371.43 29/04/2024
0.050 0.020 0.025 0.025 6599CW AEON-CW 0.025 0.005 83.4 1.490 1.800 25.50 31/03/2020 0.245 0.125 0.160 0.150 9385WA LAYHONG-WA 0.155 Unch 1067.2 0.430 0.400 29.07 13/10/2021
0.265 0.055 0.065 0.065 509984 AIRASIAC84 0.065 0.010 1195 1.690 1.642 5.06 28/02/2020 0.260 0.075 0.095 0.090 8494WB LBICAP-WB 0.095 Unch 261.6 0.580 0.500 2.59 24/06/2024
0.145 0.005 0.005 0.005 509987 AIRASIAC87 0.005 Unch 5.8 0.845 2.326 176.31 31/01/2020 0.285 0.040 0.045 0.040 5789WB LBS-WB 0.045 Unch 166 0.500 0.560 21.00 04/10/2020
0.100 0.015 0.015 0.015 509988 AIRASIAC88 0.015 -0.005 810 1.690 2.053 23.58 29/05/2020 0.105 0.030 0.040 0.040 8745WB LEWEKO-WB 0.040 Unch 0.4 0.220 0.200 9.09 08/09/2020
0.070 0.005 — — 509990 AIRASIAC90 0.005 — — 0.845 3.480 313.31 28/02/2020 0.024 0.004 — — 6633CE LHI-CE 0.005 — — 0.186 1.180 538.44 09/12/2019
0.100 0.040 0.040 0.040 509992 AIRASIAC92 0.040 -0.005 150 1.690 1.950 21.54 31/03/2020 0.135 0.050 0.055 0.055 6633CM LHI-CM 0.055 0.005 50 0.835 0.900 17.01 30/04/2020
0.145 0.060 0.065 0.060 509993 AIRASIAC93 0.065 Unch 1110 1.690 1.800 14.20 30/07/2020 0.079 0.005 — — 7126WA LONBISC-WA 0.005 — — 0.090 0.800 794.44 26/01/2020
0.075 0.035 0.050 0.045 5115WA ALAM-WA 0.045 Unch 2455.1 0.125 0.120 32.00 28/03/2022 0.050 0.035 0.050 0.045 8303WB LOTUS-WB 0.050 0.005 878 0.105 0.100 42.86 25/11/2024
0.090 0.005 0.005 0.005 101517 AMBANK-C17 0.005 -0.045 300 0.387 4.800 1,147 23/01/2020 0.045 0.015 0.035 0.035 5068WA LUSTER-WA 0.035 Unch 100 0.090 0.100 50.00 03/06/2022
0.085 0.030 0.075 0.065 0119WA APPASIA-WA 0.075 0.010 377.5 0.120 0.130 70.83 23/12/2024 0.050 0.005 — — 0140WA MACPIE-WA 0.005 — — 0.120 0.480 304.17 17/02/2021
0.025 0.015 — — 7007WB ARK-WB 0.025 — — 0.270 1.000 279.63 30/06/2021 0.125 0.010 0.010 0.010 858321 MAHSING-C21 0.010 -0.005 120 0.675 0.880 31.85 28/08/2020
0.625 0.090 0.510 0.510 521051 ARMADA-C51 0.510 -0.010 10 0.475 0.235 3.16 30/06/2020 0.030 0.005 — — 8583WC MAHSING-WC 0.005 — — 0.400 2.100 426.25 21/02/2020
0.180 0.125 0.140 0.125 521056 ARMADA-C56 0.125 -0.015 510 0.475 0.480 27.37 21/09/2020 0.145 0.060 0.085 0.070 526425 MALAKOFC25 0.085 0.015 103 0.895 0.830 2.23 31/03/2020
0.130 0.085 0.095 0.090 521057 ARMADA-C57 0.090 -0.005 1460 0.475 0.480 29.47 28/07/2020 0.007 0.005 — — 5236CK MATRIX-CK 0.005 — — 0.160 2.180 1,268 09/12/2019
0.120 0.035 0.035 0.035 639915 ASTRO-C15 0.035 -0.005 250 1.350 1.400 11.48 31/01/2020 0.023 0.005 — — 601210 MAXIS-C10 0.005 — — 1.328 5.600 323.57 31/12/2019
0.155 0.075 0.080 0.080 639918 ASTRO-C18 0.080 Unch 95 1.350 1.400 12.59 30/06/2020 0.165 0.060 0.060 0.060 601211 MAXIS-C11 0.060 -0.010 309.2 5.140 5.280 9.73 30/04/2020
0.135 0.050 0.065 0.065 7099WB ATTA-WB 0.065 0.005 20 0.465 0.870 101.08 09/05/2022 0.060 0.010 0.020 0.010 115559 MAYBANKC59 0.015 -0.005 2928.9 8.500 9.000 7.47 30/04/2020
0.285 0.140 0.170 0.145 7579WA AWC-WA 0.155 0.005 681 0.620 0.880 66.94 25/12/2023 0.120 0.060 0.070 0.070 115561 MAYBANKC61 0.070 Unch 162 8.500 8.700 4.82 30/07/2020
0.140 0.085 0.090 0.085 688847 AXIATA-C47 0.085 -0.005 700 4.210 4.500 16.98 26/06/2020 0.170 0.115 0.115 0.115 115562 MAYBANKC62 0.115 -0.025 726.6 8.500 8.800 10.29 28/07/2020
0.330 0.085 0.180 0.180 7078WA AZRB-WA 0.180 Unch 2.5 0.390 0.630 107.69 13/05/2024 0.625 0.250 0.625 0.575 5152WA MBL-WA 0.580 -0.025 1701.1 1.390 0.800 -0.72 28/11/2022
0.485 0.170 0.310 0.305 0098WA BAHVEST-WA 0.305 Unch 1049.5 0.500 0.430 47.00 20/08/2024 0.365 0.130 0.210 0.195 5983CJ MBMR-CJ 0.210 0.025 140.6 3.840 3.180 4.69 30/04/2020
0.165 0.045 0.050 0.045 4162CT BAT-CT 0.045 Unch 105 15.660 18.000 20.69 28/08/2020 0.200 0.085 0.095 0.090 5983CL MBMR-CL 0.095 0.010 40 3.840 4.380 23.96 27/04/2020
0.395 0.135 0.270 0.255 5258WA BIMB-WA 0.255 Unch 507.8 4.280 4.720 16.24 04/12/2023 0.095 0.055 0.065 0.065 5983CM MBMR-CM 0.065 0.010 200 3.840 4.280 25.00 30/09/2020
0.055 0.005 0.010 0.005 6998WA BINTAI-WA 0.010 Unch 106.5 0.110 0.200 90.91 15/06/2020 0.055 0.030 0.035 0.035 117127 MBSB-C27 0.035 0.005 180 0.835 0.900 11.98 30/09/2020
0.105 0.050 0.055 0.055 0179WA BIOHLDG-WA 0.055 Unch 40.2 0.190 0.220 44.74 05/01/2022 0.110 0.010 0.065 0.060 0167WB MCLEAN-WB 0.060 0.005 353.5 0.185 0.250 67.57 07/10/2020
0.070 0.035 0.040 0.040 3239WB BJASSET-WB 0.040 0.005 10 0.300 0.350 30.00 09/06/2023 0.075 0.030 0.050 0.040 3778WB MELEWAR-WB 0.050 0.015 60.1 0.130 0.400 246.15 18/08/2023
0.070 0.025 0.025 0.025 3395WB BJCORP-WB 0.025 Unch 500 0.240 1.000 327.08 22/04/2022 0.105 0.025 — — 5040WA MERIDIAN-WA 0.040 — — 0.065 0.500 730.77 13/08/2021
0.095 0.040 0.050 0.045 3395WC BJCORP-WC 0.050 Unch 431 0.240 1.000 337.50 29/05/2026 0.035 0.005 — — 5040WC MERIDIAN-WC 0.010 — — 0.065 0.800 1,147 24/08/2024
0.200 0.065 0.090 0.090 1562CZ BJTOTO-CZ 0.090 Unch 80 2.650 2.600 4.91 28/02/2020 0.310 0.050 0.115 0.100 7234WA MESB-WA 0.105 -0.010 362.3 0.370 0.300 9.46 27/12/2022
0.020 0.010 0.015 0.015 7036WC BORNOIL-WC 0.015 Unch 1080 0.045 0.070 88.89 08/11/2025 0.285 0.145 0.265 0.250 3069CF MFCB-CF 0.265 0.025 118 4.760 3.880 3.78 16/03/2020
0.025 0.015 0.020 0.015 7036WD BORNOIL-WD 0.020 Unch 52.5 0.045 0.070 100.00 29/05/2027 0.160 0.145 0.145 0.145 3069CG MFCB-CG 0.145 Unch 100 4.760 4.700 13.97 28/07/2020
0.040 0.005 — — 7188WA BTM-WA 0.005 — — 0.170 0.940 455.88 20/12/2019 0.130 0.105 0.115 0.110 3069CH MFCB-CH 0.115 0.005 200.2 4.760 4.800 15.34 07/08/2020
0.190 0.030 0.140 0.120 7188WB BTM-WB 0.120 Unch 655.8 0.170 0.200 88.24 23/10/2024 2.580 1.010 2.520 2.460 3069WA MFCB-WA 2.520 0.060 194.7 4.760 2.220 -0.42 08/04/2020
0.500 0.210 0.225 0.220 7174WA CAB-WA 0.225 Unch 20.2 0.405 0.170 -2.47 08/02/2020 0.570 0.125 0.315 0.305 3662WC MFLOUR-WC 0.315 -0.005 509 0.655 0.680 51.91 23/01/2024
0.380 0.150 0.305 0.275 7154WA CAELY-WA 0.295 0.045 1291.1 0.490 0.190 -1.02 22/04/2021 0.085 0.030 0.070 0.040 5576WC MINHO-WC 0.065 0.025 6376.6 0.290 0.320 32.76 02/08/2021
0.155 0.070 0.095 0.095 7035WA CCK-WA 0.095 Unch 103.6 0.525 0.900 89.52 18/06/2023 0.180 0.050 0.145 0.125 381623 MISC-C23 0.145 0.025 510 8.330 7.500 2.22 29/05/2020
0.075 0.005 — — 102352 CIMB-C52 0.005 — — 1.318 5.950 353.34 20/12/2019 0.240 0.160 0.210 0.185 381624 MISC-C24 0.205 0.025 411.6 8.330 7.250 4.26 29/05/2020
0.210 0.140 0.165 0.165 102356 CIMB-C56 0.165 Unch 200 5.200 4.600 4.33 30/04/2020 0.100 0.080 0.080 0.080 381626 MISC-C26 0.080 Unch 50 8.330 8.880 13.33 21/09/2020
0.060 0.005 0.005 0.005 285216 CMSB-C16 0.005 -0.005 50 1.205 3.350 179.05 20/02/2020 0.090 0.070 0.090 0.085 381627 MISC-C27 0.085 0.010 620 8.330 8.880 14.77 28/07/2020
0.090 0.005 0.010 0.010 285217 CMSB-C17 0.010 Unch 539.2 2.420 3.150 31.40 14/02/2020 0.140 0.050 — — 9571WE MITRA-WE 0.060 — — 0.260 0.940 284.62 17/04/2023
0.650 0.110 0.450 0.445 8125WB DAIBOCI-WB 0.445 -0.010 280.5 2.200 2.500 33.86 19/06/2022 0.180 0.055 0.090 0.090 0034WB MMAG-WB 0.090 Unch 23.7 0.280 0.200 3.57 27/11/2022
0.440 0.185 0.250 0.240 5276WA DANCO-WA 0.245 0.005 231.7 0.530 0.300 2.83 22/05/2022 0.020 0.005 — — 0103WA MNC-WA 0.005 — — 0.020 0.100 425.00 05/11/2021
0.215 0.125 0.215 0.200 5141C1 DAYANG-C1 0.200 Unch 3984.8 2.230 1.903 19.48 07/09/2020 0.070 0.010 0.010 0.010 0103WB MNC-WB 0.010 Unch 120 0.020 0.060 250.00 05/09/2024
0.320 0.165 0.320 0.310 5141CX DAYANG-CX 0.310 Unch 528 2.230 1.599 11.37 30/10/2020 0.025 0.005 — — 0070WA MQTECH-WA 0.010 — — 0.020 0.100 450.00 21/11/2021
0.275 0.150 0.275 0.275 5141CY DAYANG-CY 0.275 Unch 5 2.230 1.789 15.42 30/10/2020 0.105 0.045 0.045 0.045 165152 MRCB-C52 0.045 Unch 1420 0.765 0.980 35.75 30/04/2020
0.275 0.160 0.275 0.260 5141CZ DAYANG-CZ 0.260 -0.005 1019.8 2.230 1.713 10.09 22/05/2020 0.115 0.050 0.065 0.065 165154 MRCB-C54 0.065 0.015 200 0.765 0.830 19.54 31/03/2020
0.010 0.005 0.010 0.005 7179WB DBE-WB 0.005 Unch 497 0.025 0.050 120.00 22/01/2022 0.370 0.180 0.220 0.210 1651WB MRCB-WB 0.220 0.010 516.4 0.765 1.250 92.16 29/10/2027
0.140 0.030 0.070 0.060 3484WA DBHD-WA 0.070 -0.005 216.6 0.440 0.580 47.73 27/11/2020 0.025 0.005 — — 0092WB MTOUCHE-WB 0.005 — — 0.085 0.480 470.59 16/03/2020
0.045 0.005 0.015 0.015 0152WB DGB-WB 0.015 Unch 21702.3 0.145 0.120 -6.90 27/06/2021 0.040 0.010 0.010 0.010 0043WA MTRONIC-WA 0.010 Unch 38611 0.045 0.080 100.00 16/04/2022
0.085 0.005 0.015 0.010 727744 DIALOG-C44 0.015 0.010 1000 3.450 3.400 0.29 31/12/2019 0.110 0.035 0.035 0.035 13881 MYEG-C81 0.035 Unch 10 1.150 1.480 37.83 27/04/2020
0.105 0.060 0.065 0.065 727750 DIALOG-C50 0.065 Unch 50 3.450 3.380 7.39 08/05/2020 0.115 0.030 0.030 0.030 13882 MYEG-C82 0.030 Unch 3880.1 1.150 1.450 33.39 31/03/2020
0.140 0.020 0.025 0.025 694729 DIGI-C29 0.025 0.005 100.2 4.540 4.800 7.93 31/03/2020 0.075 0.035 0.040 0.040 13883 MYEG-C83 0.040 Unch 160 1.150 1.880 73.91 07/09/2020
0.040 0.015 — — 0029WB DIGISTA-WB 0.015 — — 0.045 0.260 511.11 04/04/2023 0.105 0.075 0.075 0.075 13884 MYEG-C84 0.075 -0.005 70 1.150 1.200 23.91 28/07/2020
0.100 0.045 0.060 0.055 4456WD DNEX-WD 0.055 Unch 5235.7 0.270 0.500 105.56 30/07/2021 0.110 0.080 0.085 0.080 13885 MYEG-C85 0.080 -0.005 560.1 1.150 1.250 26.09 15/05/2020
0.060 0.015 0.040 0.025 5265WA DOLPHIN-WA 0.030 0.010 4867.3 0.135 0.800 514.81 29/03/2021 0.125 0.085 0.085 0.085 13886 MYEG-C86 0.085 -0.005 25 1.150 1.250 23.48 07/08/2020
0.120 0.020 0.030 0.030 7169WA DOMINAN-WA 0.030 0.005 29.9 1.280 1.300 3.91 10/09/2020 0.045 0.030 0.035 0.030 0041WA MYSCM-WA 0.035 Unch 12.6 0.140 0.250 103.57 22/09/2024
0.330 0.065 0.110 0.100 161975 DRBHCOMC75 0.100 -0.005 772.4 2.300 2.000 0.00 31/12/2019 0.305 0.150 0.185 0.150 0108WB N2N-WB 0.185 Unch 54.8 0.720 0.830 40.97 08/01/2024
0.285 0.060 0.070 0.070 161979 DRBHCOMC79 0.070 Unch 218.2 2.300 2.200 4.78 28/02/2020 0.005 0.003 — — 0096WA NEXGRAM-WA 0.005 — — 0.010 0.100 950.00 16/05/2022
0.215 0.080 0.080 0.080 161984 DRBHCOMC84 0.080 -0.010 101.1 2.300 2.480 21.74 31/07/2020 0.010 0.005 — — 0096WB NEXGRAM-WB 0.005 — — 0.010 0.260 2,550 21/07/2023
0.180 0.020 0.030 0.020 161985 DRBHCOMC85 0.030 0.005 10 2.300 2.880 29.13 28/02/2020 0.010 0.005 — — 0096WC NEXGRAM-WC 0.005 — — 0.010 0.100 950.00 15/01/2024
0.210 0.050 0.050 0.050 161988 DRBHCOMC88 0.050 Unch 700 2.300 2.880 31.74 08/05/2020 0.220 0.070 0.120 0.100 7241WA NGGB-WA 0.120 0.020 1802.2 0.380 0.600 89.47 18/10/2020
0.190 0.035 0.040 0.035 161989 DRBHCOMC89 0.035 Unch 280 2.300 2.700 21.96 30/06/2020 0.095 0.040 0.055 0.050 7215WB NIHSIN-WB 0.050 Unch 6227.2 0.170 0.138 10.59 13/05/2022
0.155 0.080 0.090 0.085 161992 DRBHCOMC92 0.085 -0.005 568.1 2.300 2.300 12.20 16/03/2020 0.690 0.150 0.560 0.480 0083WC NOTION-WC 0.545 0.060 4069.2 0.970 0.840 42.78 14/03/2023
0.065 0.020 0.020 0.020 161993 DRBHCOMC93 0.020 Unch 700 2.300 3.000 33.91 13/04/2020 0.145 0.060 0.100 0.090 0172WA OCK-WA 0.090 -0.010 4656.4 0.580 0.710 37.93 15/12/2020
0.155 0.075 0.085 0.085 161994 DRBHCOMC94 0.085 Unch 86.6 2.300 2.600 23.39 30/04/2020 0.125 0.045 0.065 0.060 7071WD OCR-WD 0.060 -0.005 85 0.265 0.220 5.66 18/02/2022
0.175 0.090 0.100 0.100 161995 DRBHCOMC95 0.100 Unch 40 2.300 2.350 15.22 28/08/2020 0.145 0.035 0.050 0.050 0079WA ORION-WA 0.050 0.005 1994 0.085 0.170 158.82 26/07/2022
0.730 0.065 0.690 0.665 5216WA DSONIC-WA 0.670 0.015 4298 1.080 1.090 62.96 05/07/2023 0.065 0.015 0.015 0.015 5053WC OSK-WC 0.015 Unch 1398 0.930 1.200 30.65 22/07/2020
0.850 0.120 0.140 0.125 7165WA DWL-WA 0.135 -0.005 181 0.390 0.600 88.46 07/04/2021 0.265 0.100 0.165 0.160 5260WA OWG-WA 0.160 -0.005 671 0.535 0.800 79.44 29/09/2023
0.010 0.005 0.005 0.005 0154WE EAH-WE 0.005 Unch 70 0.015 0.035 166.67 22/04/2023 0.240 0.165 0.180 0.165 8419WA PANSAR-WA 0.180 -0.005 35.3 0.580 0.630 39.66 06/06/2023
0.320 0.070 0.175 0.170 5253WA ECONBHD-WA 0.175 0.005 1310.6 0.775 1.250 83.87 02/01/2023 0.080 0.030 0.070 0.070 5022WA PAOS-WA 0.070 0.010 10 0.410 0.500 39.02 14/12/2021
0.235 0.120 0.140 0.135 8206WA ECOWLD-WA 0.140 Unch 24 0.645 2.080 244.19 26/03/2022 0.305 0.170 0.175 0.170 1724WA PARAMON-WA 0.175 Unch 79.2 1.250 1.790 57.20 28/07/2024
0.080 0.030 0.045 0.045 7471WB EDEN-WB 0.045 -0.005 45.4 0.150 0.300 130.00 13/08/2021 0.050 0.025 0.035 0.035 7225WB PA-WB 0.035 -0.005 300 0.060 0.060 58.33 17/12/2022
0.020 0.005 0.010 0.010 0107WB EDUSPEC-WB 0.010 Unch 2731.5 0.020 0.050 200.00 30/09/2024 0.125 0.005 — — 129534 PBBANK-C34 0.005 — — 1.759 23.500 1,240 23/12/2019
0.195 0.060 0.085 0.085 8907WC EG-WC 0.085 -0.010 61 0.410 0.500 42.68 03/11/2020 0.265 0.005 — — 129535 PBBANK-C35 0.005 — — 4.840 23.280 382.02 09/12/2019
0.175 0.125 0.145 0.135 8877C3 EKOVEST-C3 0.140 Unch 6459.9 0.805 0.750 17.52 15/05/2020 0.115 0.025 0.025 0.025 129537 PBBANK-C37 0.025 -0.020 111.6 19.160 21.880 15.76 31/03/2020
0.070 0.050 0.055 0.050 8877C4 EKOVEST-C4 0.050 -0.005 170 0.805 0.880 24.84 20/05/2020 0.085 0.025 0.030 0.025 129539 PBBANK-C39 0.030 Unch 560 19.160 22.000 16.70 29/05/2020
0.145 0.055 0.070 0.065 8877CX EKOVEST-CX 0.070 0.010 280 0.805 0.880 26.71 30/04/2020 0.175 0.085 0.090 0.085 129540 PBBANK-C40 0.085 -0.005 1481 19.160 19.300 5.17 28/08/2020
0.155 0.075 0.085 0.080 8877CY EKOVEST-CY 0.080 Unch 760 0.805 0.830 22.98 29/05/2020 0.315 0.035 0.140 0.130 6068WA PCCS-WA 0.135 0.005 1863.8 0.410 0.600 79.27 25/12/2022
0.280 0.115 0.200 0.190 7249WB EWEIN-WB 0.195 Unch 232.5 0.585 0.800 70.09 24/09/2022 0.075 0.015 0.015 0.015 518334 PCHEM-C34 0.015 Unch 80 7.100 8.880 26.76 30/06/2020
0.220 0.090 0.170 0.160 5283WA EWINT-WA 0.165 0.005 915.6 0.915 1.450 76.50 04/04/2022 0.085 0.020 0.020 0.020 518336 PCHEM-C36 0.020 -0.005 1 7.100 8.180 17.18 07/02/2020
0.040 0.005 — — 06507H FBMKLCI-C7H 0.005 — — 272.35 1,700 525.47 31/01/2020 0.185 0.070 0.090 0.090 518340 PCHEM-C40 0.090 Unch 0.3 7.100 7.300 10.42 31/03/2020
0.065 0.025 0.035 0.030 06507O FBMKLCI-C7O 0.035 0.005 190.1 1,568 1,590 2.94 31/03/2020 0.110 0.045 0.055 0.055 518342 PCHEM-C42 0.055 Unch 0.2 7.100 7.700 12.32 30/07/2020
0.120 0.115 0.120 0.120 06507P FBMKLCI-C7P 0.120 Unch 90 1,568 1,588 8.90 30/10/2020 0.550 0.195 0.450 0.440 7160CA PENTA-CA 0.440 -0.005 127.5 4.340 2.700 2.76 29/05/2020
0.075 0.040 0.050 0.050 06507S FBMKLCI-C7S 0.050 0.005 50 1,568 1,570 2.33 29/05/2020 0.420 0.125 0.280 0.280 7160CE PENTA-CE 0.280 Unch 100 4.340 3.400 4.15 28/02/2020
0.090 0.040 0.045 0.045 06507T FBMKLCI-C7T 0.045 Unch 40 1,568 1,580 2.75 30/06/2020 0.350 0.105 0.215 0.200 7160CF PENTA-CF 0.200 -0.010 961.5 4.340 3.880 5.53 16/03/2020
0.220 0.120 0.165 0.165 06508G FBMKLCI-H8G 0.165 -0.015 200 1,568 1,640 9.82 31/01/2020 0.165 0.065 0.090 0.090 7160CI PENTA-CI 0.090 0.005 120 4.340 4.880 22.81 22/05/2020
0.260 0.160 0.195 0.195 06508I FBMKLCI-H8I 0.195 0.035 0.1 1,568 1,600 6.84 31/01/2020 0.140 0.060 0.100 0.100 7160CO PENTA-CO 0.100 Unch 532 4.340 4.800 24.42 12/10/2020
0.115 0.050 0.075 0.075 06508N FBMKLCI-H8N 0.075 Unch 538 1,568 1,600 5.36 28/02/2020 0.080 0.005 0.005 0.005 8311WC PESONA-WC 0.005 Unch 500 0.220 0.250 15.91 27/01/2020
0.310 0.260 0.285 0.285 06508W FBMKLCI-H8W 0.285 -0.020 800 1,568 1,540 3.64 29/05/2020 0.100 0.010 0.010 0.010 5681CY PETDAG-CY 0.010 Unch 82 22.340 25.000 13.25 31/01/2020
0.440 0.355 0.410 0.405 06508X FBMKLCI-H8X 0.405 -0.005 1600 1,568 1,620 11.04 29/05/2020 0.150 0.050 0.075 0.065 6033CU PETGAS-CU 0.075 0.010 103.8 15.800 16.000 6.01 30/06/2020
0.135 0.030 0.085 0.085 522275 FGV-C75 0.085 0.005 4649.2 1.320 1.200 10.23 28/02/2020 0.110 0.010 0.030 0.030 3611WA PGLOBE-WA 0.030 Unch 21.3 0.990 1.000 4.04 07/04/2020
0.150 0.015 0.130 0.120 522276 FGV-C76 0.120 0.005 2042 1.320 1.150 5.30 28/02/2020 0.005 0.005 0.005 0.005 4464WB PHB-WB 0.005 Unch 2.5 0.005 0.010 200.00 20/06/2022
0.085 0.015 0.085 0.075 522278 FGV-C78 0.080 0.005 5270.1 1.320 1.180 5.76 31/01/2020 0.150 0.085 0.085 0.085 886933 PMETAL-C33 0.085 Unch 150 4.600 4.600 9.24 15/05/2020
0.060 0.020 0.055 0.055 522279 FGV-C79 0.055 Unch 720 1.320 1.400 17.73 31/03/2020 0.620 0.395 0.510 0.500 7088WB POHUAT-WB 0.505 0.005 105.6 1.520 1.000 -0.99 21/10/2020
0.250 0.045 0.250 0.245 522280 FGV-C80 0.245 Unch 300.1 1.320 1.050 7.39 30/06/2020 0.100 0.055 0.060 0.060 463445 POS-C45 0.060 Unch 25 1.390 1.700 30.94 28/08/2020
0.335 0.085 0.335 0.315 522281 FGV-C81 0.320 0.010 83 1.320 0.950 5.91 31/03/2020 0.395 0.040 0.335 0.310 8966WA PRLEXUS-WA 0.320 -0.005 1088.6 1.000 1.200 52.00 14/06/2021
0.230 0.065 0.230 0.220 522282 FGV-C82 0.225 0.005 2117.3 1.320 1.080 7.39 13/04/2020 0.100 0.035 0.075 0.065 5070WA PRTASCO-WA 0.070 Unch 1425.8 0.335 0.750 144.78 25/04/2023
0.315 0.085 0.315 0.310 522283 FGV-C83 0.315 0.010 960.4 1.320 0.950 7.77 30/07/2020 0.095 0.025 0.040 0.035 0186WA PTRANS-WA 0.040 Unch 493 0.230 0.235 19.57 19/09/2020
0.230 0.075 0.230 0.225 522284 FGV-C84 0.225 0.005 155 1.320 0.980 8.33 30/10/2020 0.090 0.020 0.020 0.020 0007WA PUC-WA 0.020 Unch 1310 0.035 0.100 242.86 25/12/2024
0.125 0.065 0.125 0.115 522285 FGV-C85 0.115 Unch 9837.9 1.320 1.250 13.86 15/05/2020 0.390 0.100 0.175 0.150 7134WA PWF-WA 0.150 Unch 1.9 0.745 0.620 3.36 20/07/2021
0.020 0.010 0.015 0.015 0150WA FINTEC-WA 0.015 Unch 259.3 0.055 0.300 472.73 19/04/2024 0.870 0.210 0.840 0.815 7237WA PWROOT-WA 0.840 Unch 30.4 2.370 1.540 0.42 24/07/2023
0.030 0.015 0.020 0.020 0150WB FINTEC-WB 0.020 Unch 100 0.055 0.150 209.09 03/12/2022 0.105 0.100 0.105 0.100 7084CQ QL-CQ 0.105 Unch 600 7.450 7.500 12.65 07/08/2020
0.290 0.125 0.290 0.280 0128CA FRONTKN-CA 0.280 0.010 17.9 2.160 1.380 2.78 30/06/2020 0.070 0.005 — — 7498WB RALCO-WB 0.005 — — 0.260 1.000 286.54 13/12/2019
0.155 0.070 0.150 0.150 0128CD FRONTKN-CD 0.150 -0.005 25 2.160 1.880 7.87 31/03/2020 0.085 0.035 0.045 0.035 5256WA REACH-WA 0.040 Unch 1331.6 0.180 0.750 338.89 12/08/2022
0.230 0.130 0.230 0.225 0128CG FRONTKN-CG 0.225 0.005 182.8 2.160 1.600 5.32 26/06/2020 0.950 0.330 0.950 0.875 0200WA REVENUE-WA 0.945 0.080 9033.2 2.080 1.250 5.53 14/01/2024
0.190 0.105 0.190 0.185 0128CH FRONTKN-CH 0.185 0.005 260.3 2.160 1.800 9.03 26/06/2020 0.170 0.060 0.080 0.075 9954WB RGTBHD-WB 0.080 Unch 256 0.165 0.100 9.09 14/05/2023
0.130 0.080 0.130 0.130 0128CI FRONTKN-CI 0.130 Unch 10 2.160 2.000 10.65 22/05/2020 0.090 0.045 0.065 0.065 106618 RHBBANKC18 0.065 Unch 69 5.640 5.600 5.05 30/07/2020
3.650 0.580 2.440 2.290 7184WA G3-WA 2.380 0.120 24 2.630 0.100 -5.70 02/10/2022 0.105 0.055 0.060 0.060 8567WB SALCON-WB 0.060 Unch 1620 0.220 0.300 63.64 19/07/2025
0.450 0.075 0.230 0.220 9261WB GADANG-WB 0.220 Unch 513.7 0.695 1.060 84.17 29/11/2021 0.030 0.005 0.020 0.015 0133WE SANICHI-WE 0.020 0.005 2096.1 0.060 0.100 100.00 13/12/2021
0.280 0.110 0.170 0.170 539867 GAMUDA-C67 0.170 -0.005 0.5 3.700 3.000 -0.54 31/01/2020 0.080 0.045 0.050 0.045 521880 SAPNRGC80 0.050 Unch 793 0.260 0.280 26.92 28/08/2020
0.285 0.175 0.190 0.190 539868 GAMUDA-C68 0.190 0.005 0.1 3.700 3.050 8.11 31/03/2020 0.180 0.085 0.120 0.115 5218WA SAPNRG-WA 0.115 -0.005 3485.9 0.260 0.490 132.69 23/01/2026
0.110 0.050 0.055 0.050 539874 GAMUDA-C74 0.050 Unch 40 3.700 3.880 10.27 14/02/2020 0.170 0.015 0.135 0.125 7247WA SCGM-WA 0.125 Unch 133.9 1.450 3.960 181.72 31/07/2020
0.130 0.105 0.105 0.105 539877 GAMUDA-C77 0.105 -0.025 0.2 3.700 3.800 14.05 30/09/2020 0.320 0.120 0.260 0.225 4731CG SCIENTX-CG 0.245 0.020 3083 9.390 8.200 8.20 29/05/2020
0.400 0.125 0.240 0.225 5398WE GAMUDA-WE 0.230 -0.010 416.2 3.700 4.050 15.68 06/03/2021 0.065 0.005 0.015 0.010 7158WB SCOMI-WB 0.015 Unch 776.7 0.045 0.210 400.00 18/02/2023
0.520 0.135 0.330 0.325 5226WB GBGAQRS-WB 0.330 0.005 318.5 1.150 1.120 26.09 26/09/2023 0.550 0.370 0.515 0.515 0001WA SCOMNET-WA 0.515 Unch 1.4 0.770 0.650 51.30 19/06/2024
0.460 0.130 0.450 0.435 5102CG GCB-CG 0.450 0.050 100 2.930 1.955 3.33 15/05/2020 0.060 0.010 0.025 0.025 7073WC SEACERA-WC 0.025 Unch 66 0.350 1.000 192.86 21/01/2021
0.380 0.110 0.365 0.345 5102CH GCB-CH 0.365 0.025 66.6 2.930 2.190 4.02 31/03/2020 0.150 0.055 0.055 0.055 5279CU SERBADK-CU 0.055 Unch 5 2.050 2.229 13.82 31/01/2020
0.455 0.110 0.455 0.410 5102CI GCB-CI 0.455 0.055 114.3 2.930 1.955 3.74 13/04/2020 0.120 0.070 0.095 0.080 5279CY SERBADK-CY 0.095 0.020 1590.1 2.050 2.071 9.87 28/08/2020
0.315 0.140 0.310 0.295 5102CK GCB-CK 0.310 0.035 54 2.930 2.527 11.46 28/07/2020 0.530 0.185 0.470 0.435 7180WA SERNKOU-WA 0.465 0.030 248.3 0.880 0.400 -1.70 20/03/2023
0.300 0.200 0.300 0.265 5102CL GCB-CL 0.295 0.035 2313.3 2.930 2.480 9.81 12/10/2020 0.090 0.040 0.050 0.050 7246WA SIGN-WA 0.050 Unch 124.9 0.425 0.970 140.00 21/04/2021
0.090 0.065 0.090 0.080 5102CM GCB-CM 0.085 0.005 1588.2 2.930 3.800 39.85 19/06/2020 0.125 0.050 0.090 0.090 419737 SIME-C37 0.090 0.015 25 2.370 2.200 2.32 31/03/2020
1.580 0.990 1.520 1.480 5102WB GCB-WB 1.490 0.020 2145.9 2.930 1.650 7.17 04/11/2022 0.180 0.070 0.180 0.150 5285CL SIMEPLT-CL 0.160 0.020 1894.5 5.280 4.650 3.22 30/04/2020
0.080 0.005 0.005 0.005 0078WB GDEX-WB 0.005 Unch 569.2 0.270 0.383 43.52 05/02/2020 0.085 0.005 0.010 0.010 5288CO SIMEPROP-CO 0.010 -0.005 100 0.800 1.120 41.88 30/04/2020
0.250 0.040 0.050 0.050 471557 GENM-C57 0.050 Unch 44 3.170 3.300 10.41 28/02/2020 0.115 0.050 0.070 0.070 9776WC SMCAP-WC 0.070 -0.010 5 0.165 0.200 63.64 29/08/2023
0.150 0.105 0.120 0.120 471565 GENM-C65 0.120 -0.005 60 3.170 2.900 6.62 29/05/2020 0.175 0.040 — — 5213WB SNTORIA-WB 0.130 — — 0.180 0.600 305.56 09/01/2025
0.095 0.065 0.075 0.075 471570 GENM-C70 0.075 Unch 20 3.170 3.650 23.66 19/06/2020 0.145 0.040 0.075 0.065 5242WA SOLID-WA 0.075 0.005 594.7 0.265 0.210 7.55 16/12/2020
0.130 0.015 0.015 0.015 318270 GENTINGC70 0.015 Unch 330 5.780 6.700 17.73 30/04/2020 0.065 0.025 0.035 0.035 0093WA SOLUTN-WA 0.035 Unch 10 0.105 0.200 123.81 04/07/2021
0.150 0.015 0.015 0.015 318272 GENTINGC72 0.015 Unch 100 5.780 6.680 17.13 14/02/2020 0.090 0.050 — — 866423 SPSETIA-C23 0.055 — — 1.340 1.700 35.07 07/09/2020
0.130 0.045 0.045 0.045 318274 GENTINGC74 0.045 Unch 50 5.780 6.500 16.35 31/03/2020 0.140 0.085 — — 866424 SPSETIA-C24 0.105 — — 1.340 1.300 12.69 28/07/2020
0.165 0.085 0.100 0.095 318278 GENTINGC78 0.095 Unch 348 5.780 5.750 7.70 30/07/2020 0.130 0.040 0.095 0.095 0129WA SRIDGE-WA 0.095 0.010 0.1 0.265 0.180 3.77 24/02/2023
0.245 0.060 0.075 0.070 0039WC GFM-WC 0.070 -0.005 3341.6 0.285 0.380 57.89 28/01/2022 0.185 0.090 0.115 0.105 0080WA STRAITS-WA 0.115 0.010 1739.1 0.220 0.115 4.55 10/08/2022
0.170 0.040 0.050 0.040 5220WA GLOTEC-WA 0.050 0.005 38.7 0.360 0.720 113.89 17/12/2021 0.040 0.005 — — 1201WA SUMATEC-WA 0.005 — — 0.005 0.320 6,400 03/03/2021
0.350 0.050 0.300 0.295 0082WB GPACKET-WB 0.300 Unch 1297 0.700 0.400 0.00 24/11/2023 0.085 0.050 — — 5263CX SUNCON-CX 0.055 — — 1.830 2.200 29.23 28/02/2020
0.070 0.015 0.045 0.040 7096WA GPA-WA 0.045 Unch 115 0.105 0.100 38.10 03/06/2025 0.095 0.015 — — 5263CY SUNCON-CY 0.015 — — 1.830 2.300 28.14 26/03/2020
0.250 0.065 0.180 0.160 7022C1 GTRONIC-C1 0.180 0.015 1344.7 2.160 1.880 3.70 14/02/2020 0.350 0.005 — — 3743WA SUNSURIA-WA 0.015 — — 0.610 1.500 148.36 22/07/2020
0.210 0.110 0.175 0.175 7022CZ GTRONIC-CZ 0.175 0.015 20 2.160 1.880 11.34 30/06/2020 0.115 0.065 — — 5211CT SUNWAY-CT 0.110 — — 1.770 1.700 8.47 31/03/2020
0.080 0.025 0.050 0.050 7676WB GUNUNG-WB 0.050 -0.010 10 0.300 0.400 50.00 02/10/2020 0.140 0.090 — — 5211CU SUNWAY-CU 0.115 — — 1.770 1.600 3.39 08/05/2020
0.160 0.070 0.155 0.130 7501WB HARNLEN-WB 0.130 -0.015 124.2 0.550 0.600 32.73 19/09/2026 0.075 0.050 — — 5211CV SUNWAY-CV 0.065 — — 1.770 1.880 13.56 16/03/2020
0.100 0.040 0.050 0.045 516828 HARTA-C28 0.050 Unch 442 5.200 5.500 11.54 30/04/2020 0.120 0.105 — — 5211CW SUNWAY-CW 0.105 — — 1.770 1.800 13.56 30/10/2020
0.160 0.035 0.040 0.035 5072WB HIAPTEK-WB 0.040 Unch 230.2 0.185 0.500 191.89 23/06/2021 0.450 0.210 0.395 0.385 5211WB SUNWAY-WB 0.390 Unch 217.1 1.770 1.720 19.21 03/10/2024
0.535 0.205 0.225 0.205 5199WC HIBISCS-WC 0.210 -0.015 5619.8 0.885 1.060 43.50 19/03/2021 0.055 0.005 — — 0148WB SUNZEN-WB 0.040 — — 0.115 0.250 152.17 25/02/2021
0.350 0.100 0.180 0.150 8443WB HIL-WB 0.180 Unch 1.3 0.540 1.080 133.33 25/10/2027 0.065 0.005 — — 710666 SUPERMX-C66 0.005 — — 0.740 1.700 131.08 31/12/2019
0.110 0.080 0.090 0.090 5819CP HLBANK-CP 0.090 -0.010 30.1 16.800 17.280 10.89 30/09/2020 0.140 0.045 — — 710668 SUPERMX-C68 0.045 — — 1.320 1.480 22.35 31/01/2020
0.315 0.125 0.180 0.175 5160WB HOMERIZ-WB 0.175 -0.005 131.2 0.645 0.540 10.85 03/07/2022 0.200 0.015 0.015 0.015 710669 SUPERMX-C69 0.015 -0.005 1453 1.320 1.450 12.12 28/02/2020
0.015 0.005 — — 7013WB HUBLINE-WB 0.005 — — 0.050 0.200 310.00 20/12/2020 0.029 0.005 — — 710670 SUPERMX-C70 0.005 — — 0.330 1.800 449.24 23/12/2019
0.125 0.020 0.020 0.020 522516 IHH-C16 0.020 -0.010 132.1 5.270 6.100 17.08 31/03/2020 0.040 0.005 — — 710671 SUPERMX-C71 0.005 — — 0.710 1.880 166.55 06/01/2020
0.195 0.015 0.035 0.035 333629 IJM-C29 0.035 0.005 110 2.080 2.150 8.41 31/03/2020 0.105 0.035 — — 710672 SUPERMX-C72 0.035 — — 1.320 1.600 29.17 29/05/2020
0.100 0.030 0.030 0.030 333633 IJM-C33 0.030 -0.015 6.5 2.080 2.550 26.63 31/03/2020 0.065 0.020 — — 710673 SUPERMX-C73 0.020 — — 1.320 1.800 40.15 11/02/2020
0.200 0.040 0.080 0.080 16637 INARI-C37 0.080 0.005 15 1.860 1.700 0.00 31/12/2019 0.090 0.015 0.015 0.015 710674 SUPERMX-C74 0.015 -0.025 70 1.320 1.780 37.12 08/05/2020
0.150 0.075 0.085 0.085 16643 INARI-C43 0.085 0.010 10 1.860 1.780 11.69 31/01/2020 0.140 0.045 — — 710675 SUPERMX-C75 0.045 — — 1.320 1.500 22.84 31/03/2020
0.160 0.050 0.080 0.080 16646 INARI-C46 0.080 0.015 20 1.860 1.800 7.53 28/02/2020 0.065 0.030 — — 710676 SUPERMX-C76 0.030 — — 1.320 1.700 35.15 22/05/2020
1.570 0.710 1.310 1.290 0166WB INARI-WB 1.300 0.010 478.9 1.860 0.533 -1.44 17/02/2020 0.090 0.055 0.055 0.055 710677 SUPERMX-C77 0.055 Unch 50 1.320 1.500 21.97 30/09/2020
0.050 0.005 0.005 0.005 0094WA INIX-WA 0.005 Unch 106 0.050 0.100 110.00 16/11/2020 0.065 0.045 0.045 0.045 710678 SUPERMX-C78 0.045 Unch 20 1.320 1.680 34.09 12/10/2020
0.130 0.005 0.015 0.005 3379WB INSAS-WB 0.005 -0.005 7527.8 0.423 1.000 137.59 25/02/2020 0.035 0.035 — — 710679 SUPERMX-C79 0.035 — — 1.320 1.750 39.20 19/06/2020
0.100 0.040 0.070 0.065 196122 IOICORP-C22 0.070 0.010 202.7 4.480 4.300 2.23 31/03/2020 0.130 0.050 0.060 0.055 7186WB SWSCAP-WB 0.055 -0.005 449.5 0.630 0.900 51.59 19/07/2023
1.160 0.150 1.030 0.995 4723WB JAKS-WB 1.020 0.010 457.5 1.230 0.640 34.96 13/12/2023 0.025 0.005 — — 7082WB SYF-WB 0.005 — — 0.180 0.700 291.67 11/12/2019
0.080 0.055 0.070 0.070 8923WA JIANKUN-WA 0.070 -0.005 1.9 0.330 0.320 18.18 23/12/2021 0.040 0.010 0.020 0.015 1538WB SYMLIFE-WB 0.015 -0.005 267.7 0.385 0.790 109.09 11/11/2020
MONDAY DEC E MBE R 9 , 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

Wall Street ahead — Tariff deadline ratification of the North American Trade Global markets — Stocks rally, dollar “This was a very solid report and should
keeps focus on trade as 2019 draws to pact, potential US tariffs on imported autos gains on robust US jobs data put those fears of recession firmly in the rear
close and Trump’s issuing surprise levies on steel view,” he said.
imports from Brazil and Argentina. NEW YORK: The dollar rose and global equity MSCI’s gauge of stocks across the globe
NEW YORK: The stock market looks set to Optimism over a US-China truce has markets jumped last Friday after data showed gained 0.76%, closing at 548.12. The week
end 2019 the way it began the year — highly helped push the major Wall Street indexes to US job growth increased by the most in 10 ended on a positive note after stocks swung
sensitive to headlines from President Donald all-time highs recently, with the benchmark months in November, putting to rest recession wildly on conflicting remarks regarding
Trump’s global trade war. S&P 500 logging a gain of more than 20% so fears and briefly taking the spotlight off progress in the US-China trade negotiations.
Stocks pulled back from record highs far in 2019. But as the latest swings show, contentious US-China trade talks. European equities rallied, with the pan-
to start December, undermined by lack of a resolution to a trade dispute that US Treasury yields rose, while gold regional STOXX 600 index rising 1.16%. Most
comments from Trump and others in his has lasted nearly two years continues to slipped more than 1%, reflecting a major regional indices closed more than 1%
administration suggesting any deal to weigh on the market. rebound in investor appetite for risk as US higher.
resolve the trade dispute between the US The tariffs on US$156 billion in Chinese unemployment dipped to 3.5%, the lowest Shares on Wall Street rose as the jobs
and China would not come soon. But the imports that could take effect on Dec 15 are in nearly half a century. report bolstered the consensus view that
market rebounded at the end of the week largely on consumer goods, including mobile Stocks on Wall Street neared record highs, consumer strength will support the US
last Friday’s strong US jobs and a change phones, laptop and desktop computers, toys with the benchmark S&P 500 closing within economy and in turn, equities.
in tone from Trump. and clothing. 0.24% of its peak set nine days ago. MSCI’s The Dow Jones Industrial Average rose
Wall Street could see more volatility ahead UBS economists estimate those tariffs all-country world index, a global benchmark, 337.27 points, or 1.22%, to 28,015.06. The
of Dec 15, when the next tranche of US tariffs would drag on US gross domestic product closed less than three points shy of its all- S&P 500 gained 28.48 points, or 0.91%, to
on Chinese imports is set to take effect. (GDP) by either 0.1% or 0.2% in each of the time high of 550.63. 3,145.91 and the Nasdaq Composite added
At the start of the week, investors said four quarters next year. UBS projects overall The stronger-than-expected US Labor 85.83 points, or 1%, to 8,656.53.
equity prices were factoring in that those GDP growth to average 1.1% in 2020, with Department data showed steady wage gains The dollar gained after weaker-than-
tariffs would be delayed if not cancelled as tariffs generally weighing heavily in the first remained near their strongest in a decade, expected US data on manufacturing and
Beijing and Washington work on a “phase half of the year. suggesting consumers will continue to the service sector earlier in the week helped
one” trade deal. But subsequent tough talk Aside from the fallout from the tariffs drive the longest economic expansion in drive five straight days of losses.
from Trump officials has shaken those themselves, “the next read from them US history, now in its 11th year. The dollar index rose 0.29%, with the euro
expectations somewhat. going into effect is that trade discussions The improving data would appear to down 0.41% to US$1.1056. The Japanese yen
“Until we get some finality on this, the are not going well,” said Walter Todd, chief validate the US Federal Reserve’s decision in strengthened 0.18% versus the greenback at
day-to-day is going to move on headlines investment officer with Greenwood Capital October to signal, after three interest rate cuts 108.57 per dollar.
that suggest progress or lack thereof,” said in South Carolina. this year, that no more are needed for now. Analysts said the jobs report showed
an analyst in Atlanta. Political tensions over US support for “This certainly contributes to the idea that underlying US economic strength and offset
While the dispute between the world’s two protesters in Hong Kong and over Beijing’s the US economy is doing better than most mixed signals from other recent data.
largest economies commands the spotlight, treatment of its Uighur Muslim minority have folks would give it credit for,” said Michael “This is going to throw a wrench into
other trade issues also have drawn investor also raised concerns about the prospects for Arone, chief investment strategist at State the argument that the economy is slowing
attention. They include a recent delay in an initial trade deal. Street Global Advisors in Boston. down,” said an economist. — Reuters

Dow Jones Hang Seng FT Straits Times Shanghai Composite

Index points
Index points Index points Index points
27900 33800 3700 5800
26,498.37 2,912.01
+12.55
+281.33 2,774.06 (+0.43%)
23370 29305 21,056.93 (+1.07%)
3375 4825

28,015.06
18840 +337.27 24810 3050 3850
10,403.79 (+1.22%) 3,087.842
14310 20315 2725 3,194.71 2875
+20.52
(+0.65%)
9780 15820 2400 1900
Mar 1, 2010 Dec 6, 2019 Mar 1, 2010 Dec 6, 2019 Mar 1, 2010 Dec 6, 2019 Mar 1, 2010 Dec 6, 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
0.320 0.065 0.080 0.075 6139CE TAKAFUL-CE 0.075 -0.010 450 5.850 5.300 -1.71 31/01/2020 0.085 0.070 — — 7100CH UCHITEC-CH 0.070 — — 2.840 3.080 18.31 21/09/2020
0.125 0.010 — — 6139CG TAKAFUL-CG 0.010 — — 2.940 7.700 163.78 28/02/2020 0.110 0.030 — — 514868 UEMS-C68 0.040 — — 0.725 0.865 30.34 31/03/2020
0.075 0.020 0.020 0.020 6139CH TAKAFUL-CH 0.020 Unch 300 5.850 6.680 16.58 08/05/2020 0.050 0.005 — — 514870 UEMS-C70 0.005 — — 0.725 0.980 36.55 09/12/2019
0.080 0.055 — — 6139CI TAKAFUL-CI 0.055 — — 5.850 7.000 25.30 16/03/2020 0.085 0.030 0.030 0.030 514871 UEMS-C71 0.030 Unch 310 0.725 0.780 13.79 28/02/2020
0.200 0.075 0.080 0.080 6139CJ TAKAFUL-CJ 0.080 -0.010 357.4 5.850 6.200 12.82 31/03/2020 0.075 0.050 — — 514872 UEMS-C72 0.060 — — 0.725 0.980 51.72 07/09/2020
0.150 0.055 0.060 0.060 6139CK TAKAFUL-CK 0.060 -0.005 55 5.850 6.000 8.72 30/07/2020 0.005 0.005 — — 458818 UMW-C18 0.005 — — 0.265 5.880 2,129 06/01/2020
0.035 0.015 0.015 0.015 2429WB TANCO-WB 0.015 Unch 69 0.055 0.050 18.18 23/08/2021 0.120 0.030 — — 458819 UMW-C19 0.035 — — 4.470 5.680 30.98 08/05/2020
0.055 0.030 0.040 0.040 7097WA TAWIN-WA 0.040 0.005 20 0.090 0.200 166.67 05/08/2022 0.150 0.025 — — 458820 UMW-C20 0.025 — — 4.470 5.150 18.01 30/06/2020
0.115 0.015 0.040 0.030 7200WA TEKSENG-WA 0.035 -0.005 1116 0.295 0.250 -3.39 29/01/2020 0.065 0.065 — — 458821 UMW-C21 0.065 — — 4.470 5.500 30.02 30/04/2020
0.170 0.030 0.095 0.095 534757 TENAGA-C57 0.095 0.010 68.8 13.420 12.600 0.97 31/01/2020 0.085 0.005 — — 500516 UNISEM-C16 0.005 — — 1.145 3.500 206.99 06/01/2020
0.240 0.060 0.070 0.060 534758 TENAGA-C58 0.070 Unch 135 13.420 12.500 -1.64 23/12/2019 0.090 0.030 0.040 0.040 0060WB VC-WB 0.040 Unch 50 0.150 0.150 26.67 06/05/2024
0.195 0.055 0.070 0.065 534759 TENAGA-C59 0.070 0.005 350 13.420 13.200 3.58 06/01/2020 0.085 0.060 0.080 0.075 524328 VELESTO-C28 0.075 -0.005 400.2 0.375 0.380 29.33 30/04/2020
0.165 0.070 0.095 0.085 534760 TENAGA-C60 0.090 0.010 610 13.420 12.800 2.09 30/04/2020 0.075 0.050 — — 524329 VELESTO-C29 0.065 — — 0.375 0.400 30.93 13/04/2020
0.105 0.025 — — 534761 TENAGA-C61 0.025 — — 13.420 14.880 13.11 31/01/2020 0.115 0.065 0.090 0.080 524330 VELESTO-C30 0.085 -0.010 1044.3 0.375 0.350 16.00 30/10/2020
0.135 0.065 — — 534762 TENAGA-C62 0.065 — — 13.420 14.880 16.69 30/06/2020 0.170 0.050 0.145 0.140 5243WA VELESTO-WA 0.145 Unch 2702.8 0.375 0.395 44.00 18/10/2024
0.090 0.015 0.015 0.015 534763 TENAGA-C63 0.015 Unch 100 13.420 15.000 13.11 20/02/2020 0.600 0.410 — — 7240WA VERTICE-WA 0.440 — — 0.855 0.500 9.94 31/03/2024
0.130 0.050 0.055 0.055 534764 TENAGA-C64 0.055 0.005 86.4 13.420 13.880 8.35 08/05/2020 0.230 0.100 0.140 0.125 0120WB VIS-WB 0.140 0.005 219 0.400 0.750 122.50 16/11/2022
0.080 0.030 0.040 0.040 534765 TENAGA-C65 0.040 0.005 150 13.420 14.200 8.79 30/06/2020 0.090 0.090 — — 0097CP VITROX-CP 0.090 — — 7.760 8.880 23.71 21/09/2020
0.140 0.075 0.090 0.085 534766 TENAGA-C66 0.090 0.005 98.6 13.420 13.580 9.91 31/03/2020 0.005 0.005 — — 0069WC VIVOCOM-WC 0.005 — — 0.015 0.070 400.00 22/01/2020
0.085 0.055 — — 534768 TENAGA-C68 0.055 — — 13.420 13.990 9.17 22/05/2020 0.005 0.001 — — 0069WD VIVOCOM-WD 0.005 — — 0.015 0.070 400.00 08/07/2020
0.070 0.055 0.070 0.065 534769 TENAGA-C69 0.070 0.005 2112.4 13.420 14.500 13.79 19/06/2020 0.010 0.005 0.005 0.005 0069WE VIVOCOM-WE 0.005 Unch 203 0.015 0.050 266.67 22/08/2023
0.460 0.040 0.140 0.100 7252WA TEOSENG-WA 0.125 0.015 1648.6 1.360 1.350 8.46 29/01/2020 0.670 0.245 0.250 0.245 7070WC VIZIONE-WC 0.245 -0.010 87.6 0.820 0.700 15.24 05/02/2022
0.095 0.015 — — 7889WB THRIVEN-WB 0.020 — — 0.190 0.480 163.16 05/10/2020 0.085 0.035 — — 696317 VS-C17 0.035 — — 1.320 1.330 8.71 23/12/2019
0.025 0.005 0.020 0.010 7079WC TIGER-WC 0.015 0.005 1893.7 0.090 0.320 272.22 11/02/2021 0.265 0.155 — — 696318 VS-C18 0.235 — — 1.320 0.950 7.58 31/01/2020
0.485 0.170 — — 486343 TM-C43 0.285 — — 3.810 2.800 3.41 31/03/2020 0.135 0.075 — — 696319 VS-C19 0.075 — — 1.320 1.250 8.90 31/01/2020
0.520 0.195 0.310 0.305 486344 TM-C44 0.305 -0.020 160 3.810 2.680 2.36 30/04/2020 0.155 0.080 — — 696320 VS-C20 0.130 — — 1.320 1.280 16.67 30/06/2020
0.470 0.185 — — 486345 TM-C45 0.230 — — 3.810 2.950 1.57 20/12/2019 0.105 0.060 — — 696321 VS-C21 0.065 — — 1.320 1.280 11.74 11/02/2020
0.265 0.065 0.070 0.070 486346 TM-C46 0.070 0.005 1320 3.810 3.800 8.92 23/01/2020 0.115 0.075 0.080 0.075 696322 VS-C22 0.080 Unch 200 1.320 1.420 19.70 29/05/2020
0.270 0.060 0.070 0.065 486347 TM-C47 0.065 -0.010 2020 3.810 4.000 12.66 31/01/2020 0.105 0.070 — — 696323 VS-C23 0.070 — — 1.320 1.400 20.38 30/04/2020
0.230 0.040 0.080 0.070 486348 TM-C48 0.070 -0.025 335.4 3.810 3.750 7.61 30/04/2020 0.100 0.075 — — 696324 VS-C24 0.080 — — 1.320 1.450 25.00 22/05/2020
0.245 0.120 — — 486349 TM-C49 0.120 — — 3.810 3.800 18.64 29/05/2020 0.190 0.130 0.155 0.150 3565WF WCEHB-WF 0.155 0.005 2260.7 0.310 0.390 75.81 18/11/2029
0.210 0.030 0.030 0.030 486350 TM-C50 0.030 -0.005 60 3.810 4.600 24.28 31/01/2020 0.055 0.005 — — 967917 WCT-C17 0.005 — — 0.830 1.050 28.31 09/12/2019
0.170 0.060 — — 486351 TM-C51 0.080 — — 3.810 4.580 32.81 30/06/2020 0.195 0.040 — — 967918 WCT-C18 0.045 — — 0.830 0.935 23.49 30/04/2020
0.175 0.025 — — 486352 TM-C52 0.025 — — 3.810 4.900 31.89 20/02/2020 0.140 0.035 — — 967919 WCT-C19 0.040 — — 0.830 1.100 41.20 20/12/2019
0.150 0.010 0.020 0.020 486353 TM-C53 0.020 -0.005 150 3.810 4.680 25.46 28/02/2020 0.170 0.065 — — 967920 WCT-C20 0.065 — — 0.830 1.060 43.37 29/05/2020
0.125 0.045 — — 486354 TM-C54 0.050 — — 3.810 4.880 33.99 28/02/2020 0.200 0.040 0.045 0.040 9679WE WCT-WE 0.040 -0.005 71.1 0.830 2.080 155.42 27/08/2020
0.170 0.055 — — 486355 TM-C55 0.060 — — 3.810 4.300 20.73 26/03/2020 0.180 0.085 0.095 0.085 0197WA WEGMANS-WA 0.095 0.010 913 0.280 0.300 41.07 13/01/2022
0.135 0.050 — — 486356 TM-C56 0.085 — — 3.810 4.200 21.39 30/06/2020 0.260 0.050 0.260 0.220 0162WA WIDAD-WA 0.230 -0.020 9169.7 0.550 0.350 5.45 05/08/2023
0.135 0.075 0.110 0.105 486357 TM-C57 0.105 -0.005 910.1 3.810 3.880 15.62 15/05/2020 0.170 0.120 — — 5246C1 WPRTS-C1 0.120 — — 4.210 4.000 4.99 23/01/2020
0.115 0.060 0.085 0.085 486358 TM-C58 0.085 -0.005 20 3.810 4.180 20.87 29/05/2020 0.120 0.080 — — 5246C2 WPRTS-C2 0.105 — — 4.210 4.000 4.99 29/05/2020
0.205 0.120 0.165 0.155 486359 TM-C59 0.155 -0.015 779.7 3.810 3.550 11.48 31/03/2020 0.145 0.125 — — 5246C3 WPRTS-C3 0.135 — — 4.210 4.050 12.23 26/06/2020
0.110 0.105 — — 486360 TM-C60 0.105 — — 3.810 4.000 20.97 28/07/2020 0.165 0.070 0.105 0.100 7245WA WZSATU-WA 0.105 Unch 97.5 0.215 0.380 125.58 28/10/2024
0.130 0.105 0.115 0.115 486361 TM-C61 0.115 -0.005 100 3.810 3.980 22.57 12/10/2020 0.030 0.005 0.010 0.010 5156WD XDL-WD 0.010 Unch 3.5 0.090 0.180 111.11 17/01/2022
0.160 0.145 0.155 0.150 486362 TM-C62 0.150 -0.010 1090 3.810 4.180 25.46 17/07/2020 0.240 0.085 0.085 0.085 7293C1 YINSON-C1 0.085 Unch 10 6.490 6.600 9.55 31/01/2020
0.280 0.060 0.085 0.080 7285WA TOMYPAK-WA 0.080 -0.005 584.2 0.500 0.930 102.00 21/06/2021 0.140 0.045 0.045 0.045 7293C2 YINSON-C2 0.045 Unch 70 6.490 6.750 8.86 29/05/2020
0.120 0.035 — — 711354 TOPGLOV-C54 0.045 — — 4.410 4.480 11.79 31/01/2020 0.155 0.030 — — 7293C3 YINSON-C3 0.030 — — 6.490 7.800 23.19 20/02/2020
0.200 0.030 0.040 0.035 711355 TOPGLOV-C55 0.035 -0.005 178.6 4.410 4.500 6.01 28/02/2020 0.160 0.105 — — 7293C4 YINSON-C4 0.105 — — 6.490 6.880 20.57 30/04/2020
0.135 0.030 — — 711356 TOPGLOV-C56 0.030 — — 4.410 5.600 30.39 31/01/2020 0.125 0.050 — — 7293C5 YINSON-C5 0.050 — — 6.490 7.880 27.58 08/05/2020
0.090 0.040 — — 711357 TOPGLOV-C57 0.050 — — 4.410 5.180 24.26 30/06/2020 0.045 0.040 — — 7293C6 YINSON-C6 0.040 — — 6.490 7.500 19.88 30/09/2020
0.160 0.090 — — 711359 TOPGLOV-C59 0.095 — — 4.410 4.880 21.43 28/02/2020 0.590 0.095 — — 7293CW YINSON-CW 0.445 — — 6.490 4.350 1.31 31/12/2019
0.115 0.055 — — 711360 TOPGLOV-C60 0.060 — — 4.410 4.880 17.46 08/05/2020 0.470 0.245 — — 7293CZ YINSON-CZ 0.255 — — 6.490 5.500 2.43 23/01/2020
0.145 0.070 — — 711361 TOPGLOV-C61 0.075 — — 4.410 4.680 14.63 28/02/2020 0.035 0.005 — — 7020WB YKGI-WB 0.005 — — 0.105 0.500 380.95 28/05/2020
0.100 0.040 0.045 0.045 711362 TOPGLOV-C62 0.045 Unch 90 4.410 5.180 22.56 10/04/2020 0.210 0.015 0.020 0.020 7066WA YONGTAI-WA 0.020 -0.005 60 0.175 0.500 197.14 24/06/2020
0.075 0.045 0.055 0.055 711363 TOPGLOV-C63 0.055 Unch 100 4.410 4.750 13.95 30/07/2020 0.150 0.010 — — 467726 YTL-C26 0.010 — — 0.825 1.180 45.45 31/03/2020
0.185 0.075 0.095 0.085 7173WB TOYOINK-WB 0.095 0.005 195.1 0.780 1.500 104.49 06/11/2023 0.009 0.005 — — 467727 YTL-C27 0.005 — — 0.825 1.280 56.36 09/12/2019
0.250 0.110 0.125 0.125 7176WA TPC-WA 0.125 Unch 30 0.320 0.200 1.56 19/01/2021 0.045 0.010 — — 467728 YTL-C28 0.010 — — 0.825 1.080 33.94 08/05/2020
0.010 0.005 — — 0118WB TRIVE-WB 0.005 — — 0.010 0.090 850.00 28/08/2020 0.105 0.055 0.055 0.055 467729 YTL-C29 0.055 Unch 10 0.825 0.935 20.00 28/08/2020
0.085 0.005 — — 5401WA TROP-WA 0.005 — — 0.423 1.000 137.59 06/12/2019 0.105 0.060 — — 674210 YTLPOWR-C10 0.060 — — 0.700 0.800 22.86 30/10/2020
0.120 0.010 — — 5042WB TSRCAP-WB 0.015 — — 0.350 0.700 104.29 28/12/2020 0.055 0.040 — — 674211 YTLPOWR-C11 0.045 — — 0.700 0.650 8.93 07/08/2020
0.055 0.045 — — 7100CG UCHITEC-CG 0.045 — — 2.840 3.100 15.49 28/02/2020
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on December 5, 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. Eurozone inflation
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE
AEON CO (M) (290,000) EMPLOYEES PROVIDENT FUND BOARD 191,357,400 2/12
ALLIANCE BANK MALAYSIA 6,501,580 EMPLOYEES PROVIDENT FUND BOARD 198,555,340 2/12
AXIATA GROUP 3,211,700 EMPLOYEES PROVIDENT FUND BOARD 1,461,524,774 29/11
AXIS REAL ESTATE 16,809,000 KUMPULAN WANG PERSARAAN 166,787,237 3/12
INVESTMENT TRUST (DIPERBADANKAN)
AXIS REAL ESTATE (321,900) LEMBAGA TABUNG HAJI 73,583,506 3/12
INVESTMENT TRUST
BIMB HOLDINGS 1,020,300 PERMODALAN NASIONAL 96,541,303 3/12
BONIA CORPORATION (6,722,200) MILINGTONIA LTD, VIRGIN ISLANDS, 73,417,640 2 - 4/12
BRITISH
CAHYA MATA SARAWAK 177,600 DATO SRI SULAIMAN ABDUL 102,508,555 3 - 5/12
RAHMAN TAIB
CIMB GROUP HOLDINGS 9,315,700 EMPLOYEES PROVIDENT FUND BOARD 1,246,877,241 27/11 - 2/12
CIMB GROUP HOLDINGS (1,102,700) KUMPULAN WANG PERSARAAN 617,392,153 28/11
(DIPERBADANKAN)
CRG INCORPORATED 1,931,100 DATO’ SRI CHIANG FONG YEE 201,844,440 2 - 4/12
DIALOG GROUP 337,500 EMPLOYEES PROVIDENT FUND BOARD 436,924,116 2/12
DIALOG GROUP 213,500 KUMPULAN WANG PERSARAAN 322,940,667 4/12
(DIPERBADANKAN)
DIGI.COM 906,200 EMPLOYEES PROVIDENT FUND BOARD 1,009,910,690 3/12
DRB-HICOM 2,000,000 EMPLOYEES PROVIDENT FUND BOARD 135,720,718 3/12
DUFU TECHNOLOGY CORP. (1,020,800) WONG SER YIAN 20,222,293 2 - 4/12
DUOPHARMA BIOTECH (525,000) EMPLOYEES PROVIDENT FUND BOARD 48,268,546 2/12
G3 GLOBAL 42,865,425 FOUNTAINBERRY 67,959,025 4/12
GENTING PLANTATIONS (1,098,500) AMANAHRAYA TRUSTEE 61,758,500 3/12
- AMANAH SAHAM BUMIPUTERA
GHL SYSTEMS 577,900 APIS GROWTH 14 LTD, MAURITIUS 76,438,600 3 & 4/12
GLOBETRONICS TECHNOLOGY 164,600 EMPLOYEES PROVIDENT FUND BOARD 67,013,132 2/12
HARTALEGA HOLDINGS 468,000 EMPLOYEES PROVIDENT FUND BOARD 186,423,900 2/12
HONG LEONG BANK 276,876 EMPLOYEES PROVIDENT FUND BOARD 242,464,521 2/12
IGB REAL ESTATE (278,600) EMPLOYEES PROVIDENT FUND BOARD 329,681,713 2/12
INVESTMENT TRUST
IGB REAL ESTATE 3,000,000 KUMPULAN WANG PERSARAAN 213,382,000 4/12
INVESTMENT TRUST (DIPERBADANKAN)
IJM PLANTATIONS 280,000 EMPLOYEES PROVIDENT FUND BOARD 122,174,962 2/12
INARI AMERTRON 200,000 KUMPULAN WANG PERSARAAN 447,405,075 3/12
(DIPERBADANKAN)
IOI CORPORATION (2,815,100) EMPLOYEES PROVIDENT FUND BOARD 742,798,473 2/12 Stocks closest to year high Stocks closest to year low
KUALA LUMPUR KEPONG (1,203,300) AMANAHRAYA TRUSTEE 63,013,900 3/12
STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
- AMANAH SAHAM BUMIPUTERA (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
KUALA LUMPUR KEPONG (799,500) EMPLOYEES PROVIDENT FUND BOARD 145,907,788 2/12 MAHSING-C21 0.010 0.010 0.010 120
MICROLN 0.710 0.680 0.710 324.2
MALAKOFF CORPORATION 1,463,900 AMANAHRAYA TRUSTEE 3/12
KMLOONG-WB 0.425 0.370 0.425 151.7 KERJAYA-CL 0.050 0.050 0.050 200
- AMANAH SAHAM BUMIPUTERA
REVENUE-WA 0.950 0.875 0.945 9033.2 VIZIONE-WC 0.250 0.245 0.245 87.6
MALAYAN BANKING 518,300 EMPLOYEES PROVIDENT FUND BOARD 1,388,133,191 2/12
INNO 0.890 0.850 0.885 460 HIBISCS-WC 0.225 0.205 0.210 5619.8
MALAYAN BANKING (550,600) PERMODALAN NASIONAL 865,543,379 3/12
KMLOONG 1.450 1.370 1.450 590.6 EKOVEST-C4 0.055 0.050 0.050 170
MALAYSIA AIRPORTS HOLDINGS (1,470,200) EMPLOYEES PROVIDENT FUND BOARD 194,450,992 2/12
MUHIBBAH ENGINEERING (M) 897,900 FIL LIMITED PANDANUS PARTNERS L.P. 44,371,500 2/12 RSAWIT 0.310 0.280 0.300 35399.8 HSI-H8E 0.060 0.040 0.045 14375.1
PETRONAS CHEMICALS GROUP 2,380,000 EMPLOYEES PROVIDENT FUND BOARD 580,831,500 2/12 JOHOTIN 1.760 1.720 1.750 1875.5 STAR 0.430 0.410 0.415 1110.4
PETRONAS GAS 145,600 EMPLOYEES PROVIDENT FUND BOARD 183,943,000 2/12 DEGEM 1.070 1.050 1.070 20.4 PBBANK-C37 0.025 0.025 0.025 111.6
PUBLIC BANK 908,200 EMPLOYEES PROVIDENT FUND BOARD 483,015,100 2/12 CARING 2.550 2.550 2.550 4 CMSB-C16 0.005 0.005 0.005 50
PUC (64,279,800) REDHOT MEDIA INTERNATIONAL LTD 180,948,559 4/12 JHM 1.520 1.420 1.510 7356 MAXIS-C11 0.060 0.060 0.060 309.2
RHB BANK 1,834,300 EMPLOYEES PROVIDENT FUND BOARD 1,661,152,304 2/12 MHC 0.690 0.655 0.685 1087.7 N2N-WB 0.185 0.150 0.185 54.8
S P SETIA 6,921,302 EMPLOYEES PROVIDENT FUND BOARD 487,785,366 2/12 MISC-C27 0.090 0.085 0.085 620 HSI-HAE 0.190 0.185 0.185 80
SENTORIA GROUP 1,360,000 SENTORIA CAPITAL 284,700,428 2/12 IJMPLNT 1.980 1.940 1.980 2390.7 IHH-C16 0.020 0.020 0.020 132.1
SERBA DINAMIK HOLDINGS 324,600 EMPLOYEES PROVIDENT FUND BOARD 85,114,800 2/12 TAANN 3.200 3.100 3.200 740.1 SAPNRGC80 0.050 0.045 0.050 793
SIME DARBY PROPERTY 27,899,125 EMPLOYEES PROVIDENT FUND BOARD 760,456,839 2/12 MYEG-C84 0.075 0.075 0.075 70
PERMAJU 0.750 0.700 0.740 3413.3
SKP RESOURCES (2,427,400) KUMPULAN WANG PERSARAAN 175,432,533 4/12 CHOOBEE 1.210 1.180 1.190 78.5
GCB-CI 0.455 0.410 0.455 114.3
(DIPERBADANKAN)
GCB 3.000 2.880 2.930 3001.7 PBBANK-C42 0.110 0.110 0.110 470
STRAITS INTER LOGISTICS 130,700 DATO’ SRI HO KAM CHOY 104,284,000 2/12
AMLEX 0.215 0.215 0.215 1 PBBANK-C39 0.030 0.025 0.030 560
TENAGA NASIONAL 643,700 EMPLOYEES PROVIDENT FUND BOARD 874,025,682 2/12
GCB-CL 0.300 0.265 0.295 2313.3 ASTRO-C15 0.035 0.035 0.035 250
TENAGA NASIONAL 175,000 KUMPULAN WANG PERSARAAN 311,259,625 4/12
FRONTKN 2.170 2.120 2.160 2666.6 REACH-WA 0.045 0.035 0.040 1331.6
(DIPERBADANKAN)
TIGER SYNERGY (9,627,300) DATO’ TAN WEI LIAN 123,874,334 3 & 4/12 FRONTKN-CA 0.290 0.280 0.280 17.9 AIRASIAC88 0.015 0.015 0.015 810
TIME DOTCOM 411,900 EMPLOYEES PROVIDENT FUND BOARD 60,437,400 28, 29 FRONTKN-CG 0.230 0.225 0.225 182.8 LSTEEL 0.250 0.245 0.245 10
11 & 2/12 TSH 1.330 1.260 1.330 3084.7 PANSAR-WA 0.180 0.165 0.180 35.3
UMW HOLDINGS 153,000 KUMPULAN WANG PERSARAAN 80,438,633 3/12 MATANG 0.090 0.075 0.085 26780.4 DRBHCOMC84 0.080 0.080 0.080 101.1
(DIPERBADANKAN) TDM 0.275 0.250 0.275 46077.3 GAMUDA-C77 0.105 0.105 0.105 0.2
UOA DEVELOPMENT 1,267,800 EMPLOYEES PROVIDENT FUND BOARD 159,416,100 2/12 REVENUE 2.090 1.940 2.080 7606.5 AIRASIAC92 0.040 0.040 0.040 150
VELESTO ENERGY 120,000,000 AMANAHRAYA TRUSTEE 3,017,112,002 3/12 FPGROUP 0.650 0.625 0.640 19880.3 PCHEM-C36 0.020 0.020 0.020 1
- AMANAH SAHAM BUMIPUTERA GCB-CM 0.090 0.080 0.085 1588.2 MAYBANKC62 0.115 0.115 0.115 726.6
VELESTO ENERGY 247,500 EMPLOYEES PROVIDENT FUND BOARD 581,662,706 3/12 DUFU 3.270 3.190 3.210 1729.6 IJM-C33 0.030 0.030 0.030 6.5
WELLCALL HOLDINGS 1,060,000 MAXIMUM PERSPECTIVE 55,989,478 4/12 AMBANK-C17 0.005 0.005 0.005 300
KLK-C4 0.085 0.080 0.080 2026.3
WESTPORTS HOLDINGS 255,900 EMPLOYEES PROVIDENT FUND BOARD 172,907,000 2/12
DAYANG-CX 0.320 0.310 0.310 528 AIRASIAC93 0.065 0.060 0.065 1110
WILLOWGLEN MSC (200,000) OSK TECHNOLOGY VENTURES 49,235,674 2/12
SIMEPLT-CL 0.180 0.150 0.160 1894.5 FANG-2XL 3.950 3.950 3.950 0.2
YINSON HOLDINGS (100,200) EMPLOYEES PROVIDENT FUND BOARD 128,964,900 2/12
DRBHCOMC85 0.030 0.020 0.030 10
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder VS-C22 0.080 0.075 0.080 200
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with
Bursa Malaysia. Note: * denotes Ace Market 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 $ 0.594 0.657 0.650 0.500 0.870 0.893 0.893 0.960 2.7321 4.619 55.548 4.436 2.412 9,215 46.795 71.301 5.991 33.355 2.390 2.462 6.235 19.928 5.141
EURO 1.685 1.106 1.095 0.842 1.466 1.505 1.505 1.617 4.6025 7.781 93.577 7.472 4.063 15,524 78.830 120.113 10.093 56.190 4.026 4.148 10.503 33.570 8.660
US $ 1.523 0.904 0.990 0.761 1.325 1.360 1.360 1.462 4.1610 7.035 84.600 6.756 3.673 14,035 71.268 108.591 9.125 50.800 3.640 3.750 9.496 30.350 7.829
SWISS FR 1.538 0.913 1.010 0.769 1.339 1.374 1.374 1.476 4.2022 7.104 85.438 6.822 3.709 14,174 71.974 109.666 9.215 51.303 3.676 3.787 9.590 30.651 7.907
STERLING £ 2.001 1.188 1.314 1.301 1.742 1.788 1.788 1.921 5.4676 9.244 111.166 8.877 4.826 18,442 93.647 142.690 11.990 66.752 4.783 4.927 12.477 39.880 10.288
CANADA $ 1.149 0.682 0.754 0.747 0.574 1.026 1.026 1.103 3.1392 5.307 63.825 5.097 2.771 10,589 53.767 81.925 6.884 38.325 2.746 2.829 7.164 22.897 5.907
BRUNEI $ 1.120 0.665 0.735 0.728 0.559 0.974 1.000 1.075 3.0587 5.171 62.189 4.966 2.700 10,317 52.388 79.824 6.708 37.343 2.676 2.756 6.980 22.310 5.755
SINGAPORE $ 1.120 0.665 0.735 0.728 0.559 0.974 1.000 1.075 3.0587 5.171 62.189 4.966 2.700 10,317 52.388 79.824 6.708 37.343 2.676 2.756 6.980 22.310 5.755
AUSTRALIA $ 1.042 0.618 0.684 0.677 0.521 0.907 0.930 0.930 2.8461 4.812 57.866 4.621 2.512 9,600 48.747 74.276 6.241 34.747 2.490 2.565 6.495 20.759 5.355
MALAYSIA RM 0.366 0.217 0.240 0.238 0.183 0.319 0.327 0.327 0.351 1.0000 1.691 20.332 1.624 0.883 3,373 17.128 26.097 2.193 12.209 0.875 0.901 2.282 7.294 1.882
100 CHINESE RMB 21.650 12.851 14.215 14.076 10.818 18.842 19.338 19.338 20.782 59.1490 1,203 96.030 52.209 199,511 1,013.086 1,544 129.713 722.131 51.743 53.304 134.982 431.430 111.293
100 BANGLAD’H TAKA 1.800 1.069 1.182 1.170 0.900 1.567 1.608 1.608 1.728 4.9184 8.315 7.985 4.341 16,590 84.241 128.358 10.786 60.047 4.303 4.432 11.224 35.875 9.254
100 DANISH KRONER 22.545 13.383 14.803 14.658 11.265 19.621 20.137 20.137 21.642 61.5940 104.13 1,252 54.367 207,758 1,054.96 1,607 135.07 751.98 53.88 55.51 140.56 449.26 115.89
100 UAE DIRHAM 41.467 24.615 27.227 26.960 20.721 36.090 37.039 37.039 39.806 113.2923 191.54 2,303 183.93 382,137 1,940 2,957 248.45 1,383 99.11 102.10 258.54 826.35 213.17
1000 INA RUPIAH 0.011 0.006 0.007 0.007 0.005 0.009 0.010 0.010 0.010 0.0296 0.050 0.603 0.048 0.026 0.508 0.774 0.065 0.362 0.026 0.027 0.068 0.216 0.056
100 INDIA RUPEE 2.137 1.269 1.403 1.389 1.068 1.860 1.909 1.909 2.051 5.8385 9.871 118.707 9.479 5.153 19,693 152.370 12.804 71.280 5.107 5.262 13.324 42.586 10.986
100 JAPAN YEN 1.403 0.833 0.921 0.912 0.701 1.221 1.253 1.253 1.346 3.8318 6.478 77.907 6.221 3.382 12,925 65.630 8.403 46.781 3.352 3.453 8.744 27.949 7.210
100 NORWEGIAN KRONER 16.690 9.908 10.959 10.851 8.340 14.526 14.908 14.908 16.022 45.6000 77.093 927 74.033 40.250 153,810 781.023 1,190 556.715 39.890 41.094 104.062 332.604 85.799
100 PHILIPPINE PESO 2.998 1.780 1.968 1.949 1.498 2.609 2.678 2.678 2.878 8.1909 13.848 166.535 13.298 7.230 27,628 140.291 213.761 17.963 7.165 7.381 18.692 59.744 15.412
100 QATAR RIYAL 41.841 24.837 27.473 27.203 20.907 36.415 37.373 37.373 40.165 114.3132 193.263 2,324 185.591 100.901 385,581 1,958 2,983 250.687 1,396 103.017 260.870 833.794 215.088
100 SAUDI RIYAL 40.616 24.110 26.668 26.407 20.295 35.348 36.279 36.279 38.989 110.9659 187.604 2,256 180.157 97.947 374,290 1,901 2,896 243.346 1,355 97.072 253.231 809.379 208.790
100 SWEDISH KRONOR 16.039 9.521 10.531 10.428 8.014 13.959 14.326 14.326 15.397 43.8200 74.084 890.935 71.143 38.679 147,806 750.535 1,144 96.096 534.984 38.333 39.490 319.621 82.450
100 THAI BAHT 5.018 2.979 3.295 3.263 2.507 4.367 4.482 4.482 4.817 13.7100 23.179 278.748 22.259 12.101 46,244 234.821 357.795 30.066 167.381 11.993 12.355 31.287 25.796
100 HK$ 19.453 11.547 12.773 12.647 9.720 16.930 17.376 17.376 18.674 53.1472 89.853 1,080.573 86.286 46.912 179,267 910.289 1,387 116.551 648.857 46.493 47.895 121.285 387.653
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.
MONDAY DEC E MBE R 9 , 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 (%)
1980 18.00 105.0
90000 3.00
1,568.00 (+0.50)
4.5
3.60
(+5.00) (Unch)
1785 68000 4.75 96.5
3.5

1590 46000 -8.50 88.0

97.700
(+0.290) 2.5
1395 24000 -21.75
79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Dec 6, 2019 Jan 4, 2010 Dec 6, 2019 Oct 2, 2006 Dec 6, 2019 Oct 1, 2000 Dec 6, 2019

KLCI futures close higher FBM KLCI futures US dollar shines after Klibor
with better cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
blockbuster US jobs report MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contract on Bursa FBMKLCI 1,568.44 4.86 102.8M The dollar gained last Friday after five straight DEC9 96.40 — — —
JAN0 96.40 — — —
Malaysia Derivatives closed higher last Friday DEC 19 1,568.00 5.00 3,738 30,187 -1,440 days of losses, lifted by data showing the FEB0 96.40 — — —
JAN 20 1,571.00 6.50 182 848 192
in line with the better cash market. US economy created many more jobs than MAR0 96.40 — — —
MAR 20 1,567.00 5.00 39 418 -7
At the close, spot month December 2019 JUN 20 1,568.50 6.00 25 272 2
expected in November, backing the Federal JUN0 96.40 — — —
and March 2020 added 5.0 points each to TOTAL Reserve’s stance of keeping interest rates on SEP0 96.40 — — —
3,984 31,725 -1,253
DEC0 96.40 — — —
1,568 and 1,567, respectively, while January hold after cutting them three times this year. MAR1 96.40 — — —
FUTURES ROLL OVER BID OFFER CLOSE
2020 went up 6.5 points to 1,571. DEC/JAN 3.5 2.5 3.0
Gains in the dollar were fairly modest JUN1 96.40 — — —
Turnover slipped to 3,984 lots from last despite the robust jobs number, however. SEP1 96.40 — — —
Thursday’s 6,498 lots, while open interest FUTURES FAIR VALUE The greenback has been pummelled all DEC1 96.40 — — —
MAR2 96.40 — — —
narrowed to 31,725 from 34,778 contracts CONTRACT
DEC 19
DAYS TO EXPIRY
26
KLIBOR DIVIDEND FAIR VALUE
3.39 0.75 2.64
week due to a slew of weaker-than-expected JUN2 96.40 — — —
previously. At 5pm, the benchmark FBM JAN 20 57 7.60 0.75 6.85 data in the US manufacturing and services SEP2 96.40 — — —
KLCI rose 4.86 points to 1,568.44. ROLL’S FAIR 4.21 sectors, with investors coming to grips with DEC2 96.40 — — —
Most Southeast Asian stock markets the reality that the economy is slowing down. MAR3 96.40 — — —
JUN3 96.40 — — —
ended higher last Friday, following hopes of Data showed non-farm payrolls
SEP3 96.40 — — —
a preliminary Sino-US trade deal after upbeat increased by 266,000 jobs last month, with DEC3 96.40 — — —
comments by the Trump administration. manufacturing recouping all 43,000 positions MAR4 96.40 — — —
US President Donald Trump said last lost in October. Economists polled by Reuters JUN4 96.40 — — —
Thursday the trade talks were “moving right whether existing tariffs should be dropped had forecast payrolls rising by 180,000 jobs. SEP4 96.40 — — —
TOTAL 0 0
along”, despite a lack of agreement over as part of the preliminary deal. — Agencies — 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

CPO RM/tonne Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 6400 0.700 155.00 1980
200000
2,855 1,462.50
(+40) (-17.80)
3450 5075 1660
152500 0.3149 0.525 121.25
(RM2,887/tonne)
2700 3750
59.20 1340
105000 0.350 87.50 (+0.77)

1950 57500 2425 0.175 53.75 1020

2,855
1200 10000
700
1100 (+40) 0.000 20.00
Jan 6, 2008 Dec 6, 2019 Apr 10, 2007 Dec 6, 2019 Aug 31, 2008 Dec 6, 2019
Jan 6, 2008 Dec 6, 2019

Palm oil jumps 1.4% as CPO futures Oil rises sharply as Opec+ Commodities

production set to plunge CONTRACT

JAN-20
LAST
2,833
CHANGE
39
VOLUME
2,385
OPEN CHANGE IN
INTEREST OPEN INTEREST
13,003 -253
agrees on deeper output AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,855 40
RUBBER SEN/KG MRB 613.50 6.00
FEB-20 2,855 40 22,314 70,058 -898
Malaysian palm oil futures touched a more Oil prices rose more than 1% last Friday CORN USC/BSH CBOT 366.50 1.00
MAR-20 2,848 39 9,400 46,118 82
SOYBEANS USC/BSH CBOT 889.50 5.25
than 2-year high last Friday and overtook APR-20 2,817 37 4,611 26,731 1,007 and posted sharp weekly gains after the
WHEAT USC/BSH CBOT 532.50 0.50
soyoil on the Chicago Board of Trade for the MAY-20 2,769 35 5,902 35,236 206 Organisation of the Petroleum Exporting LIVE CATTLE USC/IBS CME 124.975 0.375
first time in almost nine years as speculation CPO FUTURES CPO/SOYOIL Countries (Opec) and its allies agreed to COCOA US$/TON NYBOT 2,616 36
grew that production in November fell more INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) deepen output cuts by 500,000 barrels per COFFEE USC/IBS NYBOT 123.95 -0.90
DEC/JAN -79 -119.57
than first thought. DEC/FEB -101 3 MONTHS AVERAGE -118.94
day in early 2020. SUGAR USC/IBS NYBOT 13.26 0.12
A Reuters poll last Thursday forecast DEC/MAR The additional cuts by Opec and other COTTON USC/IBS NYC 67.52 1.04
-93 6 MONTHS AVERAGE -118.91
Malaysian palm oil production would show JAN/FEB -22 major producers including Russia — a METAL & PRECIOUS METALS
TIN US$/TON KLTM 16,850 UNCH
a 10% monthly fall in November, but three SGS & ITS EXPORT ESTIMATES (TONNES) grouping known as Opec+ — will last COPPER USC/IBS CMX 2.7205 0.0620
traders last Friday said they now expected SHIPMENT DAYS SEP’19 OCT’19 NOV’19 throughout the first quarter. The group GOLD US$/TROY OZ CMX 1,462.50 -17.80
it to fall as much as 13%. 1 - 10TH DAYS 338/393 375/369 425/414 will meet again in early March for an PLATINUM US$/TROY OZ NYMEX 900.30 -1.80
Lower-than-expected production pushed 1 - 15TH DAYS 701/670 659/685 677/667
extraordinary meeting to set its policy. PALLADIUM US$/TROY OZ NYMEX 1,846.10 0.40
the benchmark palm oil contract on the Bursa 11 -- 20TH DAYS
25TH DAYS
945/917
1,103/1,097
904/923 933/948
1,203/1,244 1,167/1,179
Brent futures settled 1.6% higher at SILVER USC/TROY OZ CMX 16.51 -0.46
Malaysia Derivatives up for a fourth straight FULL MONTH US$64.38 per barrel and rose about 3% on ALUMINIUM RMB/TON SHF 13,755 -15
1,328/1,304 1,522/1,532 NA/1,418
ZINC RMB/TON SHF 17,850 -10
session, up 1.4% to RM2,855 per tonne. The MALAYSIAN PALM OIL BOARD the week.
last time prices were this high was on Sept JUL’19 AUG’19 SEP’19 OCT’19 They climbed about 7% on the week, ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 59.20 0.77
15, 2017. PRODUCTION 1,738 1,822 1,842 1,796 their biggest rise since June, after the US HEATING OIL USC/GAL NYMEX 1.9514 0.0183
Malaysian Palm Oil Board will release EXPORT
STOCKS
1,485
2,391
1,733
2,252
1,409
2,448
1,642
2,348
government data last Wednesday showed NATURAL GAS US$/MMBTU NYMEX 2.319 -0.079
official data tomorrow. domestic crude stockpiles falling for the BRENT CRUDE US$/BBL ICE 64.39 1.00
MPOB palm oil physical
Dry weather and lower fertiliser use — first time in six weeks. — Reuters GAS OIL US$/TON ICE 587.25 3.75
a move adopted by some growers to save (IN RM/TON) DEC’19 JAN’20 FEB’20

costs — have affected output this year at top CPO DELD

PK EX-MILL
2,709.50 NO TRADE NO TRADE
NO TRADE NO TRADE NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
producers Indonesia and Malaysia, and will CPKO DELD 3,695.50 NO TRADE NO TRADE Sen/Kg
Sen/Kg
continue to be a factor in the coming years, RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
leading industry analyst James Fry said last RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
month. RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 458.50 1475 613.50
(+4.00)
Palm futures have been soaring over the MPOB FFB REF PRICE (MILL GATE PRICE) (+6.00)

last few months on supply shortage worries REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
and also saw its biggest weekly gain in more NORTH 20.00% 564 19.00% 538 18.00% 511
than two years. SOUTH 20.00% 569 19.00% 543 18.00% 516
500 625
“This means palm is now the premium CENTRAL 20.00% 568 19.00% 541 18.00% 515
[vegetable oil] which is not good as demand EAST COAST 20.00% 565 19.00% 539 18.00% 512 300 200

may shift to soyoil especially during the SABAHSARAWAK

22.00% 553
22.00% 558
21.00% 529
21.00% 534
20.00% 505
20.00% 509
Jan 7, 2007 Dec 6, 2019 Jan 7, 2007 Dec 6, 2019

winter months,” a trader said. — Reuters

 Markets
32 M ON DAY DEC EM B ER 9, 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S 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 1,568.44 4.86 FBM ACE 4,884.33 39.19 FTSTI 3,194.71 20.52 NIKKEI 23,354.40 54.31 HANG SENG 26,498.37 281.33 DOW JONES 28,015.06 337.27

Well done is better than well said. Market movers

— Benjamin Franklin
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 HSI-C7K 65,088.2 0.010 3.77 0.275 — 0.00
('000) (%) (RM) (RM) (RM) (RM) KHEESAN 60,860.0 0.005 1.04 0.485 17.14 2.08
Index point
1571 HSI-C7K 65,088 14.58 0.035 0.275 0.280 0.245 IMPIANA 58,730.2 UNCH UNCH 0.025 — 0.00
1570 1,568.44 IMPIANA 58,730 0.00 0.000 0.025 0.025 0.020 ARMADA 55,784.9 -0.020 -4.04 0.475 — 1.07
(+4.86)
1569 HSI-H8F 47,166 -21.88 -0.070 0.250 0.305 0.245 HSI-H8F 47,166.0 -0.015 -5.66 0.250 — 0.00
1568 KL Composite Index TDM 46,077 12.24 0.030 0.275 0.275 0.250 TDM 46,077.3 0.030 12.24 0.275 — 2.70
1567 FINTEC 46,011 0.00 0.000 0.055 0.065 0.055 FINTEC 46,011.0 UNCH UNCH 0.055 2.03 0.00
KNM-WB 40,695 -11.76 -0.010 0.075 0.090 0.065 KNM 42,466.6 UNCH UNCH 0.360 — 0.00
1566
1565
1,568.00 MTRONIC-WA 38,612 0.00 0.000 0.010 0.010 0.010 KNM-WB 40,695.0 -0.010 -11.76 0.075 — 0.00
KLCI futures ARBB 36,769 4.69 0.015 0.335 0.345 0.325
(+5.00) MTRONIC-WA 38,611.7 UNCH UNCH 0.010 — 0.00
1564 FINTEC-PA 28,361 20.00 0.005 0.030 0.030 0.025 VELESTO 37,985.5 -0.015 -3.85 0.375 86.67 0.00
1563 MATANG 26,780 13.33 0.010 0.085 0.090 0.075 ARBB 36,768.7 0.015 4.69 0.335 1.45 0.00
1562 NEXGRAM 25,092 0.00 0.000 0.010 0.015 0.010 SAPNRG 36,507.2 -0.005 -1.89 0.260 — 2.44
1561 DGB-WB 21,702 0.00 0.000 0.015 0.015 0.015 DGB 36,082.2 UNCH UNCH 0.145 — 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
WTK 21,124 15.89 0.085 0.620 0.625 0.535 RSAWIT 35,399.8 0.025 9.09 0.300 — 0.00
SEDANIA 20,264 12.82 0.025 0.220 0.225 0.195 MUDAJYA 29,675.9 0.005 1.20 0.420 — 0.00
Daily FBM KLCI HSI-C7F 18,298 28.57 0.020 0.090 0.100 0.070 FINTEC-PA 28,361.4 0.005 20.00 0.030 #N/A #N/A
DOLPHIN 17,990 0.00 0.000 0.135 0.155 0.135 EKOVEST 28,171.5 0.005 0.63 0.805 11.73 1.25
AT 27,692.9 -0.010 -15.38 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
MATANG 26,780.4 0.010 13.33 0.085 83.33 2.00
2030.0 1,568.44 traded for a particular counter on the previous trading day is more than triple the average volume for the
(+4.86) last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5

1,586.85 KLCI ends higher on optimism UP

CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

of US-China trade deal

1425.0 KLK 24.160 0.420 NESTLE 144.500 -0.500
PETGAS 15.800 0.300 F&N 34.000 -0.500
BIPORT 4.350 0.200 PETDAG 22.340 -0.500
1122.5
MISC 8.330 0.180 MPI 10.880 -0.260
KUALA LUMPUR: Malaysian stocks closed higher last Friday, TENAGA 13.420 0.160 AEONCR 14.540 -0.240
820.0 after opening lower, as investors became optimistic on signs CHINTEK 6.600 0.150 PBBANK 19.160 -0.180
Jan 2, 2008 Dec 6, 2019
of the US and China striking a deal in their ongoing trade war. REVENUE 2.080 0.140 CARLSBG 27.580 -0.160
The FBM KLCI closed 4.86 points or 0.31% higher at 1,568.44. UWC 2.750 0.140 HSI-H6Z 0.690 -0.140
900 Hong Leong Investment Bank Bhd head of retail research BKAWAN 15.840 0.140 PANAMY 36.960 -0.120
SIMEPLT 5.280 0.130 PADINI 3.280 -0.110
Loui Low told theedgemarkets.com that the positive
600 G3-WA 2.380 0.120 AIRPORT 8.150 -0.110
statements coming from both the US and China over the SCIENTX 9.390 0.110 TM 3.810 -0.100
300 last two days have lifted the positive sentiment in the market.
He added that crude palm oil prices hovering at above Top gainers and losers (ranked by percentage)
0 the RM2,800-level have also contributed to the gains in the

 
Volume (’mil) benchmark index. UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
“Hopefully the window-dressing activities may sustain
FBM KLCI futures until the end of December,” said Low. DIALOG-C44 0.015 200.00 AMBANK-C17 0.005 -90.00
DAYA 0.010 100.00 SUPERMX-C74 0.015 -62.50
CONTRACT SETTLEMENT CHANGE HIGH LOW
Reuters reported that Asian stocks gained on Friday as
MINHO-WC 0.065 62.50 INSAS-WB 0.005 -50.00
DEC 19 1,568.00 5.00 1,570.00 1,560.50 investors took heart from US President Donald Trump saying TIGER-WC 0.015 50.00 HSI-C7G 0.005 -50.00
JAN 20 1,571.00 6.50 1,572.50 1,563.50 trade talks with China were “moving right along”, and US oil EAH 0.015 50.00 CMSB-C16 0.005 -50.00
MAR 20 1,567.00 5.00 1,569.00 1,562.50
prices sat near 2½-month highs after the Organization of the DOLPHIN-WA 0.030 50.00 PBBANK-C37 0.025 -44.44
Petroleum Exporting Countries and other producers agreed HSI-C7I 0.015 50.00 MAHSING-C21 0.010 -33.33
FBM KLCI sensitivity* to cut output. MELEWAR-WB 0.050 42.86 HSI-C7E 0.010 -33.33
MPCORP 0.120 41.18 IHH-C16 0.020 -33.33
KLCI CHANGE CLOSE VOLUME Trump’s upbeat tone in comments on Thursday was
POINTS (RM) (RM) ('000) LFECORP 0.240 33.33 SIMEPROP-CO 0.010 -33.33
TENAGA NASIONAL 1.42 0.160 13.420 1813.5
enough to spark buying, despite a lack of agreement between SANICHI-WE 0.020 33.33 IJM-C33 0.030 -33.33
SIME DARBY PLANTATION 1.40 0.130 5.280 7031.7 Washington and Beijing over whether existing tariffs should MRCB-C54 0.065 30.00 FIHB-PA 0.065 -31.58
MISC 1.25 0.180 8.330 1499.4 be dropped as part of a preliminary deal to end their trade
PETRONAS GAS 0.93 0.300 15.800 307.8 war, the report added. Investors were hoping that the two Top gainers and losers - warrants (ranked by percentage)
K.LUMPUR KEPONG 0.70 0.420 24.160 999.4 sides will reach a compromise to at least avoid their worst
MAXIS 0.61 0.050 5.140 923.3 UP CHANGE DOWN CHANGE
DIALOG GROUP 0.53 0.060 3.450 3026.8
fears that the US will go ahead with its final batch of tariffs CLOSE (%) CLOSE (%)
IOI CORPORATION 0.49 0.050 4.480 4316.2 on about US$156 billion of Chinese exports. — Wong Ee Lin DIALOG-C44 0.015 200.00 AMBANK-C17 0.005 -90.00
HARTALEGA HOLDINGS 0.37 0.070 5.200 2531.2
World equity indices MINHO-WC 0.065 62.50 SUPERMX-C74 0.015 -62.50
DIGI.COM 0.36 0.030 4.540 1599.1 TIGER-WC 0.015 50.00 INSAS-WB 0.005 -50.00
HONG LEONG BANK -0.34 -0.100 16.800 691.5 CLOSE CHANGE CLOSE CHANGE DOLPHIN-WA 0.030 50.00 HSI-C7G 0.005 -50.00
IHH HEALTHCARE -0.41 -0.030 5.270 4015.5
DOW JONES 28,015.06 337.27 INDONESIA 6,186.87 34.75 HSI-C7I 0.015 50.00 CMSB-C16 0.005 -50.00
PETRONAS CHEMICAL -0.50 -0.040 7.100 2318.8
S&P 500 3,145.91 28.48 JAPAN 23,354.40 54.31 MELEWAR-WB 0.050 42.86 PBBANK-C37 0.025 -44.44
MAYBANK -0.53 -0.030 8.500 3087.4
NASDAQ 100 8,397.37 88.97 KOREA 2,081.85 21.11 SANICHI-WE 0.020 33.33 MAHSING-C21 0.010 -33.33
PETRONAS DAGANG -0.78 -0.500 22.340 298.7
FTSE 100 7,239.66 101.81 PHILIPPINES 7,801.72 10.81 MRCB-C54 0.065 30.00 HSI-C7E 0.010 -33.33
PUBLIC BANK -1.09 -0.180 19.160 2775.0
AUSTRALIA 6,707.02 24.06 SINGAPORE 3,194.71 20.52 HSI-C7F 0.090 28.57 IHH-C16 0.020 -33.33
SUB-TOTAL 4.42
CHINA 2,912.01 12.55 TAIWAN 11,609.64 14.99 SERBADK-CY 0.095 26.67 SIMEPROP-CO 0.010 -33.33
OTHERS 0.44
HONG KONG 26,498.37 281.33 THAILAND 1,558.99 -6.46 DIGI-C29 0.025 25.00 IJM-C33 0.030 -33.33
GRAND TOTAL 4.86
INDIA 40,445.15 -334.44 VIETNAM 963.56 0.29 KOMARK-WB 0.025 25.00 FIHB-PA 0.065 -31.58
* How stock price changes affected the index on the previous trading day

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