WEDNESDAY FEBRUARY 28, 2018 ISSUE 2599/2018...

FBM KLCI 1871.46 11.38 KLCI FUTURES 1869.50 5.50 STI 3540.39 15.46 RM/USD 3.9060 CPO RM2542.00 2.00 OIL US$67.37 0.13 GOLD US$1334.10 1.30

Bank Negara cautions public on risks associated with digital currencies

4 H O M E B U S I N E S S

FINANCIALDAILY

w w w . t h e e d g e m a r k e t s . c o m

M A K E B E T T E RDECISIONS

PP 9974/08/2013 (032820)PENINSULAR MALAYSIA RM1.50

WEDNESDAY FEBRUARY 28, 2018 ISSUE 2599/2018

2






1 5 H O M E

AirAsia 4Q net profi t down 20% on higher tax expenses

Azeez: I have never heard of Zenith Construction

RHB aims to boost ROE to 11.5% by 2022

Genting Malaysia, Genting Bhd announce special dividends

TM optimistic despite missing FY17 revenue growth target

UEM Sunrise plans for next Mont Kiara

Dr M fails to get leave to appeal in suit against PM

S P Setia sets higher sales target of RM5b 6 H O M E B U S I N E S S

But fi rst focus is to address cost challenges in

Hong Kong, Turkey.Adam Aziz has the story

on Page 4.

IHH TO SPEND RM3B

on expansion drive until 2020

Dr Tan See Leng

THE EDGE FILE PHOTO






profit down 20% on fihigher tax expenses


RHB aims to boostROE to 11.5% by 2022

Genting Malaysia,Genting Bhdannounce special dividends

TM optimistic despite missing FY17 revenuegrowth target


BBBBBBBBuuutt fififi rst focus is to fifiadddress cost challenges in


on Page 4.Dr Tan See Leng

a property

portal

www.edgeprop.my

FBM KLCI 1871.46 11.38 KLCI FUTURES 1869.50 5.50 STI 3540.39 15.46 RM/USD 3.9060 CPO RM2542.00 2.00 OIL US$67.37 0.13 GOLD US$1334.10 1.30

Bank Negara cautions public on risks associated with digital currencies


FINANCIALFINANCIALDAILYDAILY

w w w . t h e e d g e m a r k e t s . c o m

M A K E B E T T E RDECISIONS

PP 9974/08/2013 (032820)PENINSULAR MALAYSIA RM1.50

WEDNESDAY FEBRUARY 28, 2018 ISSUE 2599/2018

2






1 5 H O M E

AirAsia 4Q net profi t down 20% on higher tax expenses


RHB aims to boost ROE to 11.5% by 2022


TM optimistic despite missing FY17 revenue growth target



S P Setia sets higher sales target of RM5b 6 H O M E B U S I N E S S

But fi rst focus is to address cost challenges in


on Page 4.

IHH TO SPEND RM3B

on expansion drive until 2020

Dr Tan See Leng

THE EDGE FILE PHOTO

www.theedgemarkets.com

2 WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY

For breaking news updates go towww.theedgemarkets.com

O N E D G E T V


BY TA N X U E Y I N G

BY C H E S T E R TAY

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KUALA LUMPUR: AirAsia Bhd, which encompasses Malaysian, Indonesian and Philippine opera-tions, posted a 19.9% decline in net profi t to RM372.65 million in the fourth quarter ended Dec 31, 2017 (4QFY17), from RM465.32 million a year ago, dragged down by income tax expense and deferred taxation.

Th is resulted in lower earnings per share of 11.2 sen in 4QFY17 compared with 16.7 sen in 4QFY16.

Quarterly revenue, however, was up 37.2% to RM2.66 billion in 4QFY17 from RM1.94 billion a year ago, due to consolidation of PT Indonesia AirAsia and Philippines AirAsia Inc’s accounts and a 17% year-on-year (y-o-y) increase in the total passengers carried during the current quarter under review.

In a fi ling with Bursa Malaysia

AirAsia 4Q net profi t down 20% on higher tax expensesyesterday, AirAsia said the RM40.5 million income tax expense com-prises tax payable on interest income for the listed entity and corporate income taxes for its subsidiaries.

AirAsia also said there was a RM99.5 million deferred tax lia-bility, arising from the diff erence between the net book value and tax written down value of property, plant and equipment in the quarter under review.

AirAsia said average fare fell 7% to RM182 in 4QFY17 from RM195 in 4QFY16, while the overall rev-enue average seat per kilometre dropped 4% to 15.46 sen against 16.14 sen in 4QFY16.

Nevertheless, the airline re-corded a marginal 1.1% increase in net profi t to RM1.64 billion for full FY17, compared with RM1.62 billion the previous year, as reve-nue jumped 41.8% to RM9.71 bil-

lion from RM6.85 billion in FY16.AirAsia saw an 11% increase in

total passengers carried and a cor-responding increase in passenger load factor to 88% in FY17 from 87% in the previous year. However, the average fuel price was higher at US$69 (RM269.79) per barrel of jet kerosene in 4QFY17, compared with US$64 in 4QFY16.

Its net debt after off setting the cash balances amounted to RM7.4 billion as of end-December 2017, bringing its net gearing ratio to 1.16 times.

On prospects, AirAsia said it is projecting to achieve an average load factor of 87% in 1QFY18 based on its existing forward booking trend.

It is also planning for an addi-tional fi ve aircraft through operat-ing leases in 1QFY18. Th e airline’s aircraft fl eet stood at 123 as at Dec 31, 2017.

In a separate statement, AirAsia group chief executive offi cer Tan Sri Tony Fernandes said the airline now dominates 55% of the Malaysian market, up from 47% a year ago.

“Our klia2 hub is still the top tran-sit hub by our passengers contribut-ing 61% of the overall Fly-Th ru traffi c, and a growth of 40% from 1.1 million passengers to 1.5 million passengers year-on-year. We foresee higher up-take of this ancillary product as we continue to strengthen our synergy with our long-haul sister company, AirAsia X Bhd,” he added.

“We will continue to grow our presence and market share in the Asean region, with Vietnam as the fi nal piece of the puzzle to complete our Asean connectivity.”

Barring any unforeseen circum-stances, AirAsia said it remains positive that the overall results in 2018 may be better than in 2017.

KUALA LUMPUR: Malaysia was right in its move to be the fi rst Ase-an member state to establish dip-lomatic relations with China and will continue to welcome Chinese investments, said Prime Minister Datuk Seri Najib Razak.

“One of our partners in building the high-income, high-skills Malay-sia of the future is China’s business community. I make no apology for saying that. Let us be absolutely clear that the government more than wel-comes this partnership and strong bonds of friendship, because we know it is good for Chinese fi rms and investors, and it is good for the Malaysian people,” said Najib.

“It would be foolish and bad for the Malaysian people if we were to spurn the hand of a friendship — a hand that Malaysia, under my fa-ther Tun [Abdul] Razak, fi rst off ered to China in 1974. We were right then, and we are right to welcome Chinese investment now,” he said.

Speaking at the Malaysia-Chi-na bilateral cooperation Lunar New Year luncheon hosted by the Malaysia-China Business Coun-cil (MCBC) yesterday, Najib said Malaysia, in eff orts to promote the people’s interests, will continue to embrace President Xi Jinping’s One Belt and One Road initiative (Obor).

“It would not be in our national interest to turn our back on Obor. Malaysia stands to reap huge oppor-tunities from it, as it has the potential to create the world’s largest platform for economic cooperation,” he said.

In highlighting successful mile-stones of the relationship between two nations, the prime minister cited the China-Malaysia Qinzhou Industrial Park and the Malay-

Najib: Malaysia still welcomes Chinese investmentIt will continue to embrace Xi’s One Belt and One Road initiative

sia-China Kuantan Industrial Park established between 2012 and 2013.

Th e Qinzhou start-up area of 7.87 sq km has attracted total investments of 90 billion yuan (RM55.9 billion) from 90 major strategic investors so far; while the Kuantan park — which has expanded from its initial area at launch to some 3,000 acres now — has created 4,000 new jobs, of which 70% will be for Malaysian citizens.

Najib also highlighted the Dig-ital Free Trade Zone (DFTZ), Xia-men University Malaysia Campus in Sepang and the Proton-Geely partnership.

“[Th e DFTZ] is already providing huge gains for the over 2,000 small and medium entreprises that have signed up so far, and we are target-ing 10,000 to be on the platform by the end of the year,” he said.

Going forward, he said both coun-tries will continue to work together

on “an array of projects”, citing the East Coast Rail Line as an example.

He also mentioned tourism as another sector that has benefit-ed from the “fruitful cooperation”, which adds value to the economy.

In the fi rst 10 months of last year, the total number of Chinese tourists visiting Malaysia was 1.89 million.

“In fact, in recent months we have seen an increase in the num-ber of Chinese tourists visiting Ma-laysia. We are targeting many more for the benefi t of our fl ourishing tourist industry,” he said.

Najib said trade between Malaysia and China totalled US$96.3 billion (RM376.53 billion) in 2017 despite the uncertainty in the global economy.

MCBC chairman Tan Sri Ong Ka Ting added that the bilateral trade may breach the US$100 bil-lion mark this year, given the robust economic growth in Malaysia and

increased cooperation in new areas.“We are expecting this year’s bilat-

eral trade fi gure to improve, barring any unforeseen circumstances. We have very strong trade ties with Chi-na and [we see] more new areas of cooperation as seen in the exports of durian and bird’s nests, which may add to the trade fi gure,” Ong said.

In line with the objective of en-hancing bilateral cooperation, Ong said MCBC will continue to work closely with the government, as well as the corporate sector of both countries.

MCBC is an advisory body which provides business information to Malaysian entrepreneurs in Chi-na and Chinese entrepreneurs in Malaysia, facilitating coordination among government agencies, pri-vate enterprises and individuals for the overall benefi t of business communities of both nations.

Najib receiving a souvenir from Ong at the Malaysia-China bilateral cooperation Lunar New Year luncheon hosted by the Malaysia-China Business Council. Photo by Bernama

http://aspiretower.com.my/

4 H O M E B U S I N E S S WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY

IHH to spend RM3b on expansion drive until 2020But fi rst focus is to address cost challenges in Hong Kong, Turkey

BY A D A M A Z I Z

BY S YA H I R A H S Y E D J A A FA R

GEORGE TOWN: Pilgrims Fund Board (Tabung Haji) chairman Datuk Seri Abdul Azeez Abdul Rahim, served with a letter of de-mand by Penang undersea tunnel developer Consortium Zenith Construction Sdn Bhd (CZC), said he does not know the company.

“I have no idea who Zarul (CZC senior director Datuk Zarul Ah-mad Mohd Zulkifl i) is and I have never heard of Zenith Construc-tion before. I have never commu-nicated with them,” Abdul Azeez said when contacted yesterday.

According to sources close to CZC, the company has accused Abdul Azeez and businessman Datuk Seri N Gnanaraja of failing to provide consultancy services in regulatory compliance and risk management after being paid RM19 million and RM3 million respectively, for work relating to the RM6.3 billion tunnel as well as three highways on Penang island

CZC, in letters of demand is-sued on Saturday to Abdul Azeez and Gnanaraja, is claiming the money allegedly paid to them, said a source, adding that the con-sultancy services were stipulated in an agreement between the duo and CZC last July. Abdul Azeez, however, insists that he is una-ware of the alleged payment to him. “Th e letter talks about mon-ey being transferred, but I don't know what this is all about. I have no dealings with Zarul,” he said. “I only just learnt about the letter and have instructed my solicitors to handle the matter because I don't know what all this is about," he told Th e Edge Financial Daily via telephone, declining to speak further on the matter.

It is not known what Abdul Azeez's actual role is in the agree-ment but suffi ce to say that he does not own a company provid-ing such consultancy services, a source told Th e Edge Financial Daily. Zarul, when contacted, said he is currently on sabbati-cal and requested all questions to be forwarded to his compa-ny’s lawyer.

Azeez: I have never heard of Zenith ConstructionBY SANGEETHA AMARTHALINGAM

KUALA LUMPUR: IHH Healthcare Bhd is planning to spend RM3 bil-lion in capital expenditure from 2018 to 2020, as it keeps one eye fi xed on acquisitions and new devel-opments in three markets — China, Turkey and Malaysia.

The immediate focus for the healthcare company, however, is to better address the cost challeng-es faced by its new operations in Hong Kong and Turkey last year, said group managing director Dr Tan See Leng.

Speaking during a conference call for IHH financial year 2017 (FY17) results briefi ng yesterday, Tan said IHH’s balance sheet — with a hefty cash balance of around RM6.08 billion at the end of Decem-ber 2017 and gearing of 0.31 times — is ripe for the group to execute its expansion plans.

“We want to reinforce and con-solidate our operations in our core market,” said Tan. “With the in-creasingly ageing population de-mographics, we see demand for healthcare to grow moving forward.”

In Malaysia, Tan said the health-care group wants to beef up its pres-ence in the east coast of Peninsular Malaysia as well as in Sabah and Sarawak.

It wants to avoid the immediate vicinity of the group’s hospitals in key areas including Penang, Mela-ka and the Klang Valley, said Tan.

“Given where we are today, we are quite careful in terms of part-nerships that we are entering into,” said Tan. “We are also aware of the cannibalisation risks.”

Tan did not name any of IHH’s acquisition targets in the other two markets in China and India as well.

It was previously reported that after IHH sold its minority stake in Apollo Hospitals Enterprise Ltd,

it wanted to acquire a controlling stake in Apollo rival Fortis Health-care Ltd to increase its footprint in India, where greenfi eld projects are more diffi cult to execute.

Th e opposite is true for the Chi-na market, but Tan also reiterated the ongoing asset-light approach adopted by IHH, which will likely result in lower start-up costs than the two big hospitals it launched last year.

In the meantime, IHH’s ongo-ing developments in China have been developing smoothly, said Tan. Gleneagles Chengdu Hospi-tal is on track to open in 2019, with development of Gleneagles Shang-hai Hospital slated for completion a year after.

On the fi nancial performance, the healthcare group still has the task of further lowering start-up losses at Gleneagles Hong Kong Hospital and fi nance costs under Acibadem Holdings in Turkey, with both factors still eating into oper-ating profi ts in the fourth quarter ended Dec 31, 2017 (4QFY17).

While start-up costs for the two hospitals are not expected to spill over to next year, contributions from its Turkey operations may still be subdued by the weakening Turk-ish lira against the US dollar, which has resulted in fi nance costs rising 15.45% to RM528.02 million in FY17.

Th e good news is that revenue

KUALA LUMPUR: Stressing that digital currencies are not legal tender in Malaysia, Bank Negara Malaysia (BNM) yesterday advised the public to carefully evaluate the risks associated with dealings in such currencies.

“Digital currency businesses are not covered by prudential and mar-ket conduct standards or arrange-ments that are applicable to fi nan-cial institutions regulated by the bank,” BNM said in a statement.

Zarul’s Zenith Construction Sdn Bhd owns a 47.12% stake in CZC, a special purpose vehicle established to take on the Penang project. His Bursa Malaysia-listed company Vertice Bhd has a 13.2% stake in that company. Zarul, who resigned as Vertice chairman on Feb 13 to pursue other business interests, owns a 0.86% direct stake and 20.86% indirect inter-est in the apparel company via his special vehicle Vista Lestari Development Sdn Bhd.

CZC has been the subject of controversy after Barisan Nasion-al leaders, including Ministers in the Prime Minister’s Department Datuk Abdul Rahman Dahlan and Datuk Seri Wee Ka Siong ques-tioned, among other things, the RM305 million cost for the under-sea tunnel’s feasibility study and detailed design, and the detailed environmental impact assess-ment for the roads.Works Minister Datuk Seri Fadillah Yusof had also questioned Penang’s 30-year toll concession for the tunnel which would be at a similar rate to the Sultan Abdul Halim Mu’adzam Shah Bridge, claiming this would make it “the most lopsided toll concessions in the country”.

Earlier this year, the Malaysian Anti-Corruption Commission remanded a high-level executive from CZC, Ewein Bhd managing director Datuk Ewe Swee Kheng, an engineering consultancy fi rm chairman, and another consultant to assist in investigations involv-ing the cost of the study. Th e au-thorities had also raided several Penang government offi ces and private fi rms in connection with the matter.

Th e Penang infrastructure pro-ject consists of the 6.3km under-sea tunnel, a 4.2km bypass from Gurney Drive to Lebuhraya Tun Dr Lim Chong Eu, a 4.6km bypass between Lebuhraya Tun Dr Lim Chong Eu and Bandar Baru Air Itam, and a 12km paired-road from Jalan Tanjung Bungah to Teluk Bahang.CZC was awarded the project by the Penang state government after an open ten-der in 2013.

Bank Negara cautions public on risks associated with digital currenciesTh e central bank yesterday is-

sued a policy that took into ac-count feedback received from representatives of existing digi-tal currency exchangers, industry associations, law fi rms, fi nancial institutions, academia as well as interested individuals, during the public consultation period on an exposure draft released on Dec 14, 2017.

The Anti-Money Laundering and Counter Financing of Terror-ism Policy for Digital Currencies (Sector 6) aims to ensure that eff ec-

tive measures are in place against money laundering and terrorism financing risks associated with the use of digital currencies, and to increase the transparency of digital currency activities in Ma-laysia, said the bank

Th e feedback, it said, mainly fo-cused on the obligations imposed on digital currency exchangers, including businesses providing intermediary services involving digital currencies.

“Th e bank wishes to reiterate that the invocation of reporting

obligations on digital currency exchange business does not in any way connote the authorisa-tion, licensing, endorsement or validation by the bank of any en-tities involved in the provision of digital currency exchange servic-es,” said BNM.

It added that it will continue to monitor developments in this area through data submitted to BNM, and may publish information that is relevant to inform the public on risks associated with digital cur-rency activities.

from that market has grown 12.19% year-on-year, and Tan has guided that inpatient revenue and revenue per patient have both grown across all key markets in 2017 to support the overall group performance.

In line with IHH’s strategies to push the two higher, the company will also invest in advanced med-ical technologies such as imaging equipment, operating rooms, and advanced laboratory facilities to allow for better case mix.

Th e push will be focused more on mature hospitals, said Tan. “Com-plex operations can then be done in the locations itself,” he added.

Other strategies in the pipeline include riding on the booming med-ical tourism industry in Malaysia, said Tan, who pointed to the grow-ing number of both local and for-eign patients in Gleneagles Kota Kinabalu as an example.

Another recently launched initia-tive is the “Global Liver Programme” aimed at helping to facilitate clients seeking treatment and transplants in India, which is IHH’s key market with the expertise.

IHH reported a net profit of RM101.26 million for 4QFY17, ver-sus a net loss of RM42.51 million in 4QFY16, as revenue rose 9.64% to RM2.89 billion from RM2.631 billion.

Full FY17 net profit rose to RM969.95 million, from RM612.35 million the year before — but ex-cluding exceptional items, group profi t after tax and minority interests dropped 31% to RM595.3 million, from RM865.95 million, dragged down by incremental depreciation, amortisation and fi nance costs with the opening of the two new hospi-tals in March 2017.

Shares in IHH rose two sen or 0.33% to RM6.11 yesterday, giving it a market capitalisation of RM50.34 billion.

With the increasingly ageing population

demographics, we see demand for healthcare to grow

moving forward.

THE EDGE FILE PHOTO

H O M E B U S I N E S S 5WEDNESDAY FEBRUARY 28, 2018 • THEED G E FINANCIAL DAILY

RHB Bank 4Q net profi t jumps 76%

KUALA LUMPUR: RHB Bank Bhd is eyeing to boost its return on equity (ROE) to 11.5% by 2022, in conjunc-tion with the launch of its fi ve-year transformation strategy through three key strategic thrusts — Fund-ing the Group Journey, Invest to Win in the medium term and Transform the Organisation (FIT22).

“We want to be [the] No 3 [bank] for SMEs (small and medium en-terprises) and we think the affl uent [segment] will constitute about 25% of our retail business,” RHB Bank-ing Group managing director (MD) Datuk Khairussaleh Ramli told the press about the group’s fi nancial year 2017 performance yesterday.

He noted the long-term aim is to have the retail and SME segments constituting about 75% of its do-mestic loans portfolio.

Additionally, Khairussaleh pointed out the bank is still in an investing mode to improve its tech-nological and digital capabilities. The bank will be spending over RM200 million worth of capital ex-penditure on digital investments over three to fi ve years.

While digital enablement will be a core priority, Khairussaleh said the bank does not have any plans to streamline its branch network.

Khairussaleh added that reskill-ing and training their talents will be a priority, rather than reducing headcounts.

Some of the key performance indicators for 2018 set for the bank are an ROE of 9% to 10%, a loan growth of 6% and cost-to-income

ratio of below 50%. For 2017, its ROE was 8.7%, gross loan growth (3.7%) and cost-to-income ratio (49.9%).

On the banking industry’s out-look this year, Khairussaleh said that investment banking is expected to fare better. “I suppose the traction is positive for us across the group, in particular [in] Malaysia. I think there is a continuous momentum in [the] retail [segment] as well,” said Khairussaleh.

Under FIT22, RHB will focus on strengthening its foothold in Ma-laysia as Khairussaleh said there is still room to grow here, in terms of market share and profi tability. “Scale in Malaysia is important. We will be building scale through agile ways of doing things,” he said.

Currently, its home operations

account for about 90% of RHB’s profi t.

Breaking down its affl uent seg-ment, RHB will be growing the as-sets under management and lever-aging on the SME customer base. Khairussaleh added that the affl u-ent business contributes about 18% of retail revenue and RHB is aiming to increase it to 25%.

RHB seeks to grow its retail SME portfolio at a compound annual growth rate of 17% in fi ve years.

Moreover, RHB is looking to re-balance its Malaysia portfolio. Of its total loan portfolio, 69% is from retail and SMEs, while 31% is from the corporate sector. RHB is target-ing to increase the retail and SME portfolio proportion to 75%.

Khairussaleh noted the bank will not be expanding into other countries where it has not had any presence. RHB will continue focus-ing on the existing countries where it has a presence, expanding the product portfolio.

“We will be focusing on our niche strength. We don’t intend to look for any overseas mergers and acquisitions. We need to swal-low what we can chew,” he added.

While Singapore has been af-fected adversely over the last two years, Khairussaleh expects that Singapore is set for growth.

Khairussaleh noted that RHB will be building on a private wealth business in Singapore and focus on mid-tier customers there. “We are not tackling the ultra-rich [people] as its already so saturated. We are looking for a sweet spot — looking at the SMEs,” he added.

RHB aims to boost ROE to 11.5% by 2022MD points out the bank is still in an investing mode

KUALA LUMPUR: Tropicana Corp Bhd, which intends to buy land near Genting Highlands, saw its net profi t for the fourth quarter of its fi nancial year ended Dec 31, 2017 (4QFY17) more than double to RM69.6 million or 4.77 sen per share from RM29.3 million or 2.05 sen per share in the previous corresponding quarter.

Th e property developer attrib-uted the big jump in earnings to cost savings, release of low-cost provisions and advanced progress of projects.

For the current quarter, the group’s revenue expanded by 35.4% to RM619 million compared with RM457.3 million recorded in 4QFY16. A note fi led with Bursa Malaysia showed that the increase in revenue in the quarter refl ect-ed higher progress billings from advanced stages of construction work for many of the group’s on-going projects.

In a press statement, Tropicana said that it drew in sales contribu-tion of RM252.6 million in 4QFY17 and is confi dent that it will con-tinue to demonstrate further re-silience moving forward, backed by RM1.5 billion in unbilled sales.

For the full FY17, Tropicana’s

net profi t was higher by 69.3% to RM190.5 million or 13.1 sen per share from RM112.5 million or 7.87 sen per share in the corresponding period a year ago on the back of higher revenue.

Th e group’s annual revenue for FY17 grew by 30.8% to RM1.91 bil-lion from RM1.46 billion in FY16, mainly fuelled by higher revenue recognition across key projects in the central and northern regions.

In 2017, Tropicana recorded commendable take-up rates across all phases launched at fi ve of its signature developments, namely Tropicana Heights (92%), Tropica-na Gardens (91%), Th e Residences (87%), Tropicana Metropark (79%) and Tropicana Aman (58%), ac-cording to the statement.

Tropicana announced yes-terday it will buy the 112 acres (45.32ha) of land near Genting Highlands for about RM78.3 mil-lion, according to a press release.

It said that Tropicana will ac-quire Marivaux Holdings Sdn Bhd, which owns the land. “Tropicana is tapping into the growth poten-tial of this land by developing a re-sort-type development for people who desire the resort-type lifestyle, surrounded by lots of greenery and fresh air,” it added.

KUALA LUMPUR: Genting Ma-laysia Bhd yesterday announced a special dividend of eight sen per share on top of a fi nal dividend of fi ve sen.

Th is brings total payout for the year ended Dec 31, 2017 (FY17) to 17 sen, against 16.5 sen in FY16, the group said in a fi ling with Bur-sa Malaysia.

Separately, Genting Bhd an-nounced a record-high special dividend of seven sen per share, in addition to a fi nal dividend of six sen. Th is brings total dividend for FY17 to 21.5 sen per share, compared with 12.5 sen in FY16.

As for the results, Genting Ma-laysia’s net profi t fell 73.35% to RM449.39 million in the fourth quarter of FY17, from RM1.69 bil-lion a year ago, as it previously recognised a RM1.27 billion gain on the disposal of its Hong Kong investment.

Excluding the disposal, the group’s earnings before interest, taxes, depreciation and amorti-sation (Ebitda) were 10% lower at RM669.6 million, versus RM743.6 million in 4QFY16, due to foreign exchange translation losses and lower revenue from Resorts World Casino New York City.

Th is was despite a 11.44% in-crease in quarterly revenue to RM2.54 billion from RM2.28 bil-lion due to higher contribution from its leisure and hospitality business in Malaysia and an in-

crease in casino business revenue in the UK and Egypt.

For the full FY17, the group’s net profi t halved to RM1.16 mil-lion from RM2.88 million in FY16. Th is was mostly due to foreign exchange translation losses, ex-cluding which the group would have seen a 3% decline in Ebitda.

Full-year revenue rose 4.45% to RM9.33 million from RM8.93 million on higher revenue from the group’s leisure and hospital-ity businesses in Malaysia, the US and the Bahamas, as well as higher contribution from the UK and Egyptian casino business.

Over at Genting Bhd, 4QFY17 net profit plunged 88.26% to RM133.15 million, from RM1.13 billion in 4QFY16, on greater net foreign exchange losses as well as a one-off disposal of RM1.3 billion of Genting Hong Kong previously.

However, quarterly revenue rose 10.64% to RM5.26 billion from RM4.75 billion on higher contributions from its leisure and hospitality businesses in Malayisa, the UK and Egypt, its power division, and its oil and gas division.

Th is was partially off set by low-er contributions from its US and Bahamas business and its plan-tation segment.

For the full FY17, Genting post-ed a 9% increase in revenue to RM20.02 million from RM18.36 million on similar factors, but net profi t declined 31.84% to RM1.45 billion from RM2.12 billion.

Tropicana 4Q earnings more than doubles



BY W O N G E E L I N

KUALA LUMPUR: RHB Bank Bhd’s net profi t for the fourth quarter ended Dec 31, 2017 (4QFY17) jumped 76% to RM460.08 million year-on-year (y-o-y) from RM261.24 million in the previous corresponding quarter on higher net interest and operating income.

Earnings per share expanded to 11.5 sen from 6.5 sen in 4QFY16. It said revenue increased 6% to RM2.7 billion from RM2.56 billion a year ago.

For FY17, the bank’s net profi t in-creased 16% to RM1.95 billion versus RM1.68 billion in the corresponding period last year. Annual revenue re-

mained fl at at RM10.57 billion.In a statement yesterday, RHB

said the group delivered a higher net profi t y-o-y, underpinned by a strong domestic loan growth and prudent funding cost management, as asset quality and operating management improved.

Total assets of the group stood at RM230.2 billion as at Dec 31, 2017 while shareholders’ fund improved further by 6.5% to RM23.1 billion, it said. Net assets per share also rose 6.5% to RM5.77 from RM5.42 previ-ously, it said.

It added gross loans and fi nanc-ing grew by 3.7% y-o-y to RM160.1 billion.

“Domestic loans and fi nancing

grew 5.2% y-o-y with the group’s do-mestic loan market share up to 9.1% by end-2017 from 9% in 2016. Th e increase came mainly from mort-gages and SMEs (small and medi-um enterprises) which grew 13.2% and 8.7% respectively, negated by a decline in corporate loans, which is in line with the group’s strategy to rebalance its loan composition,” said RHB.

Overall, RHB said asset quality has improved. “Gross impaired loans declined 4.9% to RM3.6 billion, while gross impaired loan ratio improved to 2.23% from 2.43% in 2016. Loan loss coverage for the group including regulatory reserve has also surged to 101.6% from 74.7% a year ago,” it said.

EDITOR’S PICKS FROMtheedgemarkets.com

Khairussaleh: We will be focusing on our niche strength. We don’t intend to look for any overseas mergers and acquisitions. We need to swallow what we can chew. Photo by Abdul Ghani Ismail

BY B I L LY TO H

BY S A M A N T H A H O

6 H O M E B U S I N E S S WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY

S P Setia sets higher sales target of RM5bLaunching of projects worth RM7.07 billion planned this year


KUALA LUMPUR: Property devel-oper S P Setia Bhd has set a sales target of RM5 billion for 2018, after surpassing last year’s sales target of RM4 billion to hit RM4.06 billion.

S P Setia president and chief executive officer Datuk Khor Chap Jen said some 80% of the RM5 billion sales target is expect-ed to come from local projects.

“There is strong underly-ing demand for landed starter homes and mid-range properties in strategic locations with good infrastructure. Hence, we will be emphasising the launches of mid-range landed properties in Setia Alam, Salak Tinggi, Alam Impian, TemasyaGlenmarie, Alam Sari, Temasya Putra, Setia EcoHill and Kota Bayuemas in the fi nancial year ending Dec 31, 2018 (FY18),” he said in a statement yesterday.

Of the RM4.06 billion sales achieved last year, local pro-jects contributed RM2.55 bil-lion or 63%. Its international pro-jects contributed the remaining RM1.51 billion or 37%.

“Locally, the sales worth RM1.89 billion secured were largely from the central region, whereas the southern and north-ern regions combined contribut-ed RM663 million of sales.

“As for international projects, the Sapphire By Th e Gardens in Melbourne continued to outper-

form, with strong sales amounting to RM1.07 billion, representing a strong take-up rate of 91%,” said S P Setia.

Inclusive of the sales of RM859 million by I&P Group Sdn Bhd, in which S P Setia complet-ed the acquisition in December last year, the enlarged S P Setia Group would have achieved total sales of RM4.92 billion for 2017.

Khor also said the group has planned for RM7.07 billion worth of project launching in FY18, com-prising RM4.33 billion from local launches and RM2.74 billion from international launches.

“We will continue adopting the strategy of launching more mid-priced landed properties where demand for these products has been strong.

“Given the general market conditions, there will be limited launches of high-rise properties locally. On the international front, the group plans to launch UNO Melbourne in the city’s central business district with a gross de-velopment value (GDV) of RM1.14 billion, and the Daintree Residence at Toh Tuck Road, Singapore with a GDV of RM1.45 billion.”

As at Dec 31, 2017, S P Setia had 44 ongoing projects, with an eff ective remaining land bank of 9,606 acres (3,887.41ha) with a GDV of RM128.37 billion and total unbilled sales of RM7.72 billion.

Its filing with Bursa Malay-sia yesterday showed S P Setia

posted a 40% drop in net prof-it to RM279.57 million in the fourth quarter ended Dec 31, 2017 (4QFY17) from RM466.08 million a year ago, on lower revenue rec-ognition from its Malaysian op-eration as the group repositioned many launches last year to address changes in market demand.

Th is resulted in lower earnings per share of 8.17 sen in 4QFY17 compared with 14.4 sen in 4QFY16. Quarterly revenue fell 26.9% to RM1.45 billion in 4QFY17 from RM1.99 billion in 4QFY16.

Nevertheless, the group declared a fi nal dividend of 11.5 sen per share for FY17, bringing total dividend payout for the year to 15.5 sen, rep-resenting a payout ratio of 70.1%.

With respect to Class A Re-deemable Convertible Preference Shares-i, the group declared a preferential dividend of 6.49% per year for the fi nancial period from July 1, 2017 to Dec 31, 2017.

The weak quarterly perfor-mance dragged down the group’s full-year FY17 net profi t by 2.4% to RM932.86 million from RM955.82 million in FY16. Revenue was also lower by 20.9% to RM4.52 billion from RM5.71 billion the previ-ous year.

“Given its strengthened bal-ance sheet, strong branding and corporate culture, S P Setia will perform resiliently in FY18 against prevailing market challenges and uncertainties,” said the group.

Star Media posts maiden loss in 4QFY17, pays six sen dividendBY S YA H I R A H S Y E D J A A FA R

KUALA LUMPUR: Star Media Group Bhd, which publishes The Star newspaper, reported its maiden quarterly net loss of RM155.15 million for the fourth quarter ended Dec 31, 2017 (4QFY17) due to lower print seg-ment revenue and one-off ex-penses amounting to RM189.83 million. This compared to a net profit of RM39.44 million in the equivalent period a year ago.

Star said the one-off expenses were due to the mutual separa-tion scheme or early retirement option (MSS/ERO) expenses, im-pairment on goodwill and assets, as well as write-off of property, plant and equipment. This result-ed in the group recording a loss

per share of 21.02 sen in 4QFY17 compared to earnings per share of 5.34 sen in 4QFY16.

Quarterly revenue fell 17.6% to RM126.34 million from RM153.38 million a year ago, mainly due to lower revenue contribution from the print and television segments; the latter ceased operation in Oc-tober last year.

Nevertheless, the group de-clared a second interim dividend of six sen per share for the fi-nancial year ended Dec 31, 2017 (FY17), payable on April 18.

In a filing with Bursa Malay-sia yesterday, Star said its print and digital segment saw revenue declining 14.8% due to lower ad-vertising revenue as advertisers remained cautious about their spending. As a result, this seg-

ment recorded a pre-tax loss of RM137.53 million mainly due to print.

Stripping out the MSS/ERO expenses and impairment on as-sets, this segment would have re-corded a pre-tax profit of RM6.07 million in 4QFY17, a 62.8% de-cline from RM16.32 million in 4QFY16.

Star’s radio broadcasting reve-nue also fell 8.4% year-on-year in 4QFY17 as advertisers remained cautious. Nevertheless, this seg-ment recorded a pre-tax profit of RM1.43 million due to better cost management in the current quarter under review.

The poor quarterly results dragged down the group’s full FY17 net profit by 17.8% to RM90.29 million from RM109.91

million the previous year. Reve-nue dropped 17.9% to RM517.73 million from RM630.43 million in FY16.

Star said it has embarked on efficiency and productivity improvement plans which will involve transformation and ra-tionalisation activities within the organisation.

“This transformation will en-compass our drive towards dig-italisation by making the organ-isation leaner, more agile and better prepared to take advantage of the opportunities in the media space,” it said.

“The group will also continue offering more Asian content on dimsum.my by building our li-brary content to secure a much higher subscriber base.”

Star also said it is actively searching for new investment opportunities especially in the digital sector to further comple-ment and enhance its existing assets.

While pursuing a digital sec-tor-focused approach for its in-vestments, the group said it is also cognisant of investment oppor-tunities that may arise in other industries and will consider in-vestments in non-core business-es as well with the potential to enhance its performance.

“[We] will continue focus-ing and strengthening our key strategies in the media industry. We will continue defending the print segment while building on our other media platforms,” it added.

RM

3.5

4.0

4.5

5.0

5.5

6.0

Feb 3, 2017 Feb 27, 2018

Pos Malaysia Bhd

RM4.42

BY N E I LY S YA F I Q A H E U S O F F

KUALA LUMPUR: Pos Malay-sia Bhd’s share price lost its ground after announcing a 72% year-on-year (y-o-y) drop in net profit for the third quarter ended Dec 31, 2017 (3QFY18).

The postal group’s share price sank as much as 23.13% or RM1.33 to an intraday low of RM4.39 yesterday. The stock closed at RM4.42, down 57 sen or 11.42%, from the previous day’s closing of RM4.99.

Pos Malaysia, once the fa-vourite counter for exposure to the logistics industry, in fact tumbled 24% from its peak of RM5.75 in May. However, over the past 12 months, the counter has gained about 2.7%.

Kenanga Investment Bank Bhd (Kenanga Research) has maintained its “market per-form” call with a lower target price of RM5. The research out-fit said Pos Malaysia’s weak-er third-quarter results came in below expectations, mainly from lower margins in its cou-rier segment, which led to a squeeze on margins.

“Pos Malaysia’s earnings outlook is heavily reliant on its courier segment’s growth, which in turn is largely expect-ed to benefit from the growing e-commerce industry.

“However, [the] looming pressure [on] margins from increasing industry compe-tition could be a challenge at this current juncture,” Kenan-ga Research analyst Steven Chan said in a note review yesterday.

Hong Leong Investment Bank (HLIB) Research said it is still positive on the long-term prospects for Pos Malaysia’s e-commerce-driven courier business, but it opines that Pos Malaysia’s share price has more than priced in the near-term earnings prospects.

The national postal service provider has seen lower reve-

Pos Malaysia tumbles after poor quarterly earnings

nue coupled with higher opera-tional costs. Its net profit dropped sharply to RM9.48 million in 3QFY18 from RM33.41 million last year. Quarterly revenue was lower by 2% to RM620.72 million compared with RM635.72 million a year ago.

For the cumulative nine months, the group’s net profit fell 11% to RM64.22 million ver-sus RM71.99 million last year. Revenue, however, was higher by 26% at RM1.82 million com-pared with RM1.45 million a year ago.

Nonetheless, some investment analysts remain upbeat on its prospects. An analyst said Pos Malaysia is expected to be among the direct beneficiaries of the Digital Free Trade Zone (DFTZ), a government initiative in the re-gional logistics hub.

“We cannot deny that e-com-merce is booming and [the] DFTZ is likely to be a catalyst that is go-ing to drive Pos Malaysia’s [earn-ings] going forward,” he told The Edge Financial Daily.

“Of course we would like to buy [Pos Malaysia] at the lowest PE (price-earnings ratio) if pos-sible, but at the same time, you have to see what is reasonable for the logistics industry. I think Pos Malaysia, at the current price, is reasonable. It is not super expen-sive,” the analyst added.


TM optimistic despite missing revenue targetAnnual net profi t came in near 20% higher on forex gain

BY TA N X U E Y I N G

BY C H E S T E R TAY

N E W S I N B R I E F

BY S A M A N T H A H O

KUALA LUMPUR: UMW Hold-ings Bhd’s fourth quarter net loss narrowed to RM432.67 million, from RM1.53 billion a year ago, on lower losses from its discon-tinued operations.

In a fi ling with Bursa Malay-sia, the group said it wrote down RM286.3 million to refl ect the assets to fair value in the fourth quarter of financial year 2017 (4QFY17), as opposed to a loss of RM1.53 billion with impair-ment of assets of RM1.16 billion in 4QFY16.

Quarterly revenue increased marginally to RM2.95 billion from RM2.94 billion.

UMW said its lower net loss was because its continuing op-erations posted a pre-tax prof-it of RM17.6 million compared to a loss of RM542.8 million in 4QFY16.

Th e group had remeasured its

fi nancial guarantee contract ac-cording to MFRS 137 in 4QFY16, with a charge of RM705 million in respect of borrowings of a joint venture company under the un-listed oil and gas segment.

“Subsequently, in 4QFY17, an additional provision of RM254 million was recorded due to the anticipated early settlement of the guaranteed loans as part of the exit strategy,” UMW said.

Meanwhile, the group’s au-tomotive segment’s pre-tax profit declined by RM5.8 mil-lion to RM141.6 million, mainly due to lower contribution from 38%-owned Perusahaan Otomo-bil Kedua Sdn Bhd.

For the full FY17, UMW said its net loss shrank by 60.72% to RM651.19 million or 55.73 sen per share, from RM1.66 billion or 141.92 sen per share in FY16.

Revenue rose 5.84% to RM11.05 billion from RM10.44 billion in FY16.

UMW narrows 4QFY17 net lossBY S A N G E E T H A A M A R T H A L I N G A M

BY S A N G E E T H A A M A R T H A L I N G A M

KUALA LUMPUR: Boustead Plantations Bhd reported a net profi t of RM36.44 million for the fourth quarter ended Dec 31, 2017 (4QFY17), down 27.5% from RM50.29 million a year earlier when there was a RM33.4 million gain on disposal.

Quarterly revenue rose 10.9% to RM218.16 million from RM196.65 million in 4QFY16 on improved crude palm oil (CPO) prices and fresh fruit bunch output.

In a fi ling with Bursa Malaysia yesterday, the group said profi t was up in the Peninsular Malay-sia and Sabah regions, by 41% to RM108.1 million and 19% to RM84.9 million respectively. But it was down by RM1 million to RM6.5 million in Sarawak.

For full FY17, the group’s net profi t almost tripled to RM665.24 million, largely due to the gain on disposal of land in Seberang Pe-rai amounting to RM555 million. Revenue rose 7.4% to RM760.1

KUALA LUMPUR: Sunway Con-struction Group Bhd’s (Sun-Con) unit has been appointed the project delivery partner for the expansion of a nine-storey commercial development to the existing Sunway Carnival Mall in Seberang Jaya, Penang.

SunCon said Sunway Con-struction Sdn Bhd (SCSB) was awarded the RM274 million con-tract by SA Architects Sdn Bhd, on behalf of Sunway REIT Man-agement Sdn Bhd, the manager for Sunway Real Estate Invest-

Boustead Plantations sees strong fi nish to FY17

SunCon appointed project delivery partner for RM274m Penang project

million from RM707.9 million.Boustead Plantations declared

a fourth interim dividend of four sen per share for FY17, payable on March 27. Th is brings its full-year payout to 19.5 sen per share.

Boustead Plantations said bet-ter crop production and higher CPO prices contributed to the positive results.

“Moving ahead, CPO prices are predicted to soften as a result of rising palm oil production, which is projected to outpace palm oil consumption,” said group vice chairman Tan Sri Lodin Wok Kamaruddin in a statement.

He added that increased soybean acreage in the US and heightened competition from Indonesia are also expected to put pressure on the CPO market.

“Despite these challenges, prospects remain bright for the group. In particular, our proposed acquisition of 11,600ha of plan-tation land in Sabah is expected to be completed by the second quarter of 2018, Lodin said.

ment Trust (Sunway REIT).SCSB is tasked with planning

and building the development within 32 months from March, SunCon said in a fi ling with Bur-sa Malaysia.

SunCon said with this pro-ject, its outstanding order book as at to date amounts to RM6.7 billion, and is expected to con-tribute positively to its earnings from the fi nancial year ending Dec 31, 2018 onwards.

Th e project is a related party transaction due to SunCon and Sunway REIT’s common major shareholders and unitholders.

KUALA LUMPUR: Shares in Muda Holdings Bhd closed at its intraday high of RM1.69 yesterday, 39 sen or 30% higher than the previous day's closing price, as investors reacted positively to its impressive results released yesterday.

Th e stock opened unchanged at RM1.65 and climbed to hit the lim-it-up price of RM1.69, 10 minutes into trading yesterday. It continued to trade in the range of RM1.57 and RM1.69 in the late afternoon session. Muda was among the top gainers on Bursa Malaysia.

The last time shares in Muda closed near this level was on May 15, 2017, at RM1.707. It has been

Muda Holdings shares hit limit up on positive results

trading in a 52-week range of RM1.14 to RM1.80.

A total of 11.8 million shares changed hands yesterday com-

pared with its 200-day average trading volume of 161,291 shares. At current price, Muda's market capitalisation stood at RM515.54 million.

Yesterday, the paper and paper packaging company saw its net profi t more than triple to RM58.77 million in the fi nancial year ended Dec 31, 2017 (FY17) from RM18.81 million the previous year, due to recognition of insurance compen-sation of RM23.3 million against a net charge of RM11.8 million in FY16. Revenue rose 18.9% to RM1.45 billion from RM1.22 billion.

Th is was the strongest set of full-year results Muda recorded since 1990, based on available public information.

KUALA LUMPUR: Telekom Malay-sia Bhd (TM) has missed its 3.5% to 4% revenue growth target for the fi nancial year ended Dec 31, 2017 (FY17), which was among its headline key performance indica-tors (KPIs) for the year, according to its Bursa Malaysia fi ling yesterday.

Its FY17 revenue only grew 0.2% to RM12.09 billion from RM12.06 billion in FY16 on the back of higher Internet revenue contribution. An-nual net profi t rose 19.81% year-on-year to RM929.75 million, thanks to foreign exchange (forex) gain on borrowings in the current fi nancial year compared to losses in FY16.

The group declared a second interim single-tier dividend of 12.1 sen for FY17, bringing its full-year payout to 21.5 sen. Th e dividend will be paid on April 13.

Besides revenue growth, its oth-er KPIs involve earnings before in-terest and tax (Ebit) and custom-er satisfaction measure. In terms of Ebit, TM managed to meet its KPI by keeping it at FY16's level of RM1.19 billion, by registering a growth of 0.2%. Likewise for cus-tomer satisfaction, for which it tar-geted 73 points based on its TRI*M or measuring, man-aging and monitoring in-dex, it achieved above that but gave no abso-lute fi gures.

Going into FY18, TM guided that its KPI tar-get for revenue growth remains at 3.5% to 4%, and that it will maintain Ebit at the c u r re nt level.

At the group’s FY17 financial results briefi ng yesterday, chief fi -nancial offi cer Nor Fadhilah Mohd Ali said TM’s FY17 total broadband subscriber base fell 1.6% year-on-year (y-o-y) to 2.33 million, while Unifi subscribers expanded 18.7% y-o-y to 1.13 million. Despite the higher Unifi subscribers, Unifi 's average revenue per user (Arpu) declined RM2 to RM197, she said.

“We saw [Unifi ] Arpu trended down a little bit because of a larger base of subscribers in this segment, which was due to the migration of subscribers from pre-Unifi (former-ly known as Streamyx),” she said.

However, she said TM’s manage-ment is “aggressive” in expanding its subscriber base and the group remains “positive” about its pros-pects for FY18, despite seeing a 5.6% y-o-y decline in earnings be-fore interest, taxes, depreciation and amortisation to RM3.58 bil-lion in FY17.

“We are still in the investing stage for our LTE (long term evo-lution) network products and ser-vices; the increase in cost [for FY17] was largely due to our mobile [seg-ment] expansion; there were sev-

eral expenditures related to mobile: one was net-

work operation cost and the other was site rental,” she said.

“In terms of mo-bile operation [in FY18], we will continue to ex-

pand. So in that aspect, yes [cost

will continue to increase]. But we are

also up-b e a t

about our prospects, [so] that [in-crease in cost] will be cushioned by our revenue growth,” she added.

For TM's fourth quarter end-ed Dec 31, 2017, net profit rose 79.52% y-o-y to RM277.01 million from RM154.31 million, though revenue slid 1.15% y-o-y to RM3.2 billion from RM3.24 billion due to a decline in voice and other tele-communication-related services.

Still crafting collaboration with TNBDuring the media briefing, TM group chief executive officer Datuk Seri Mohammed Shazal-li Ramly (pic) also updated that the group is in the midst of for-mulating the collaboration plan with Tenaga Nasional Bhd (TNB), and he is uncertain about the role Broadnet Networks Sdn Bhd plays under the Nationwide Fiberation Plan (NFP).

“We are not sure about the com-pany (Broadnet), and none of us have spoken to anybody from the company. We are still crafting the collaboration with TNB, and we will make [an] announcement when we are ready,” he said.

On Jan 16, TNB and TM inked a memorandum of understand-ing (MoU) to jointly develop an implementation plan to deliver the government’s NFP. The NFP is a last-mile fi berisation project to provide high-speed broadband services to all households.

Th e MoU came after the govern-ment appointed Broadnet — a new company reportedly aiming to be the second provider of high-speed broadband in the country — to partner TNB to undertake the NFP, with a RM1.5 billion incentive pro-vided by the government.

RM

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Feb 3, 2017 Feb 27, 2018

Muda Holdings Bhd

RM1.69

PHOTO BY SAM FONG


UEM Sunrise plans for next Mont KiaraWith an estimated RM205 million GDV, project will comprise residential, offi ce and retail components

BY A H M A D N A Q I B I D R I S

N E W S I N B R I E F

KUALA LUMPUR: Property de-veloper UEM Sunrise Bhd is set to launch projects worth RM1 bil-lion in gross development value (GDV) this year, with plans for a new township similar to its Mont Kiara development to be located within the central region.

Its managing director and chief executive offi cer Anwar Syahrin Ab-dul Ajib said the group is looking to develop the next Mont Kiara, but at more aff ordable prices.

Th e project, with an estimated GDV of RM205 million, will be a mixed development comprising residential, offi ce and retail com-ponents.

“We want to be able to give peo-ple the lifestyle and quality of Mont Kiara at a more aff ordable range, so we are leveraging on what we have learned in developing Mont Kiara for the new township,” he

told a media conference to update on the group’s fi nancial results for 2017 yesterday.

Anwar said the products to be offered will be priced between RM500,000 and RM1 million per unit.

“Th at’s a big range, but we be-lieve that is the aff ordable range for KL-ites. Either way, we need to be very careful with the products that we bring into the market,” he added.

Anwar declined to elaborate, but said the development will be done on a big plot of land somewhere in the central region, featuring a core development that will bind the project together.

Other launches in the pipeline for the central region include the Kiara Kasih apartments (RM217.5 million GDV), the MK27 high-rise development (RM249.9 million) and two-storey terrace houses at Serene Heights (RM53 million).

In the southern region, UEM

Sunrise will be launching Phase 1A and 1B of Serimbun (RM139.3 million) and Phase 3 and 4 of Iris (RM137.3 million).

Currently, the group has about 20 to 30 acres (12.14ha) of land here, bringing its total land bank in the Klang Valley to about 500 acres. It also has about 10,000 acres of land in Johor.

“We do have a lot of land in Johor, but we don’t have enough in the

central region. We believe that the market in the central region will al-ways be strong for the right products and we are looking for opportunities to acquire more land,” said Anwar.

“We don’t want to have too many small plots of land. We prefer to build communities and townships which require a sizeable tract,” he added.

He said the group’s ongoing dis-posal of its non-core assets is an

avenue for it to raise cash without borrowings, which will be used

to acquire new plots of land.Anwar said the group will

continue to sell off some of its assets on a selective basis and is likely to dispose of some of the pockets of land

it owns in Johor. Howev-er, it is unlikely to

dispose of its over-seas assets, con-

sidering that its land bank

overseas is already limited, he added.

While some developers are shy-ing away from luxury projects amid concerns over subdued demand for high-end properties, UEM Sunrise is maintaining its focus on the high-end market.

“We like to sell more of the lux-ury projects because of the high-er GDV, margins and profi ts. But we have to be very careful of the product mix. We can only launch products that we think the market can take.

“Meanwhile, for the aff ordable homes, we may sell a lot of units but the GDV is only so much,” said Anwar.

“And we don’t want a dilution of UEM Sunrise’s brand either. Th at’s why we see the RM500,000 to RM1 million [price tag] as our aff ordable range as we feel that it is aff ordable within the context of UEM Sunrise,” he added.

Anwar: We want to be able to give people the lifestyle and quality of Mont Kiara at a more aff ordable range. Photo by Mohd Izwan Mohd Nazam

KUALA LUMPUR: Sabah-based TSH Resources Bhd’s annu-al net profit almost doubled to RM113.97 million from RM57.88 million a year ago, as it registered higher revenue and booked a foreign exchange gain as opposed to a loss in the prior year.

Annual revenue for the fi-nancial year ended Dec 31, 2017 (FY17) rose 23% year-on-year to RM1.07 billion from RM872.3 million, according to the group’s Bursa Malaysia fi ling yesterday. It booked a foreign exchange gain of RM16.75 million in FY17, against a foreign exchange loss of RM17.52 million in FY16.

It proposed a fi rst and fi nal dividend of 2 sen per share for FY17. It did not declare any div-idends in FY16.

After adjusting for non-cash and unrealised exchange trans-lation gain or loss, its annual core profi t before tax (PBT) for FY17 grew 38% year-on-year to RM179.7 million from RM130.2 million.

In a statement, TSH said the jump in annual core PBT was mainly attributable to a 19% rise in fresh fruit bunch (FFB) production — to 710,105 tonnes in FY17 from 595,821 tonnes in FY16 — and stringent cost controls.

TSH said the rise in FFB pro-duction in FY17 was driven by its plantation’s growing maturity profi le and expanding harvest-ing area.

In its fourth quarter of FY17 (4QFY17), TSH’s net profi t came

in at RM21.63 million as op-posed to a net loss of RM21.77 million in 4QFY16, while reve-nue grew 10% to RM269.95 mil-lion from RM244.3 million on more crude palm oil and palm kernel sold.

In terms of core PBT, there was only a marginal y-o-y rise to RM48.7 million from RM48.5 million, said TSH, as FFB pro-duction had peaked in the third quarter of this year, as opposed to the fourth quarter of last year.

TSH said its oil palm plan-tation has continued to show steady recovery following the poor harvest in 2016 caused by the hot and dry El Nino phe-nomenon.

In line with this trend, the group expects to sustain its FFB production growth in 2018 and onwards, aided by oil palm trees with higher yielding ages, in view of the increasing maturity of the trees.

Th is expectation is buoyed by good weather conditions record-ed by TSH’s plantations in Ma-laysia and Indonesia through-out 2017, which would have a favourable eff ect on FFB pro-duction in subsequent years, said TSH.

“Improving FFB output, coupled with cost control, will continue to lower unit cost of production and raise profi ta-bility in so far as CPO price can maintain at the current level. We remain confi dent that the performance of TSH will remain positive for year 2018,” said TSH group chairman Kelvin Tan.

Higher FFB output lifts TSH’s core profi t before tax up 38%

BY C H R I S TO P H E R L I M

KUALA LUMPUR: QES Group Bhd, en route to a listing on the ACE Market of Bursa Malaysia on March 8, saw the public portion of its ini-tial public off ering (IPO) oversub-scribed by 19 times.

In a statement yesterday, QES said 10,427 applications for 765.22 million new shares, valued at RM145.39 million, were received for 37.92 million new shares that were made available for public sub-scription.

The 9.27 million new shares available for application by eligible

QES’ IPO public tranche oversubscribed 19 times

directors and employees have also been fully subscribed, it added.

In addition, the 75.83 million shares that were allocated to se-lected bumiputera investors ap-proved by the ministry of inter-national trade and industry and 104.48 million new shares made available for private placement to identified investors have been fully placed out.

Under the listing exercise, QES is raising RM28.82 million from its public issue of 151.66 million new shares at 19 sen per share.

Of the total IPO proceeds, RM10.72 million (37%) will be

used mainly for capital expend-iture to purchase demonstration equipment for its distribution di-vision, increase its production capacity and upgrade its infor-mation technology equipment for operational use.

It will further utilise RM7 mil-lion (24%) to repay bank borrow-ings, RM4.85 million (17%) for development of three key prod-ucts under its manufacturing division, RM3.25 million (11%) for working capital and the re-maining RM3 million (11%) to be used to defray listing expenses for the IPO.

BY N E I LY S YA F I Q A H E U S O F F

KUALA LUMPUR: Steel and con-struction outfi t Eversendai Corp Bhd, which returned to black in its financial year ended Dec 31, 2017 (FY17), is upbeat about its prospects this year as it continues to build steady growth in terms of revenue and profi t.

In a statement yesterday, the group also announced RM261.7 million worth of new project wins in the Middle East, specifi cally in Qatar and Dubai.

In Qatar, it has secured three new steel installation jobs for a stadium and a 7-star hotel tower. In Dubai, it has won four construc-tion projects involving a mixed-use 77-storey twin tower, a steel sky bridge, a shade structure and a landmark new urban district.

“We are very confident of

Eversendai upbeat on prospects after FY17 turnaroundachieving higher wins and prof-itable returns hereafter. We are focusing on further strengthen-ing our operations in the current markets where we operate and streamline our cost control to improve profi ts.

“With a fair balance of strength and resilience, prudence and sound enterprise risk manage-ment, we are well-positioned to continue our confident perfor-mance to deliver strong margin returns in 2018,” said Eversendai executive chairman and group managing director Tan Sri A K Nathan.

Eversendai posted a net profi t of RM29.81 million in the fourth quarter ended Dec 31, 2017 (4QFY17), compared to a net loss of RM214.46 million a year ago, as various business units registered improved operating performance.

Quarterly revenue jumped 49% year-on-year to RM519.22 million from RM348.79 million, its Bursa Malaysia fi ling showed.

For the full FY17, Eversendai posted a net profi t of RM86.51 mil-lion versus a net loss of RM278.88 million a year ago, as revenue grew 16% y-o-y to RM1.83 billion from RM1.58 billion.

Its core business of structural steel remains the key contribu-tor to bottom line and made up 68.3% of revenue, while other businesses, which include pow-er plant, civil construction and oil and gas contributed the re-maining 31.7%.

“Geographically, operations in the Middle East generated 69% of Eversendai’s revenue, followed by the second largest contributor, 14.5% from India,” Eversendai said.

1 0 ST O C KS W I T H M O M E N T U M WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY


Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and fi rst appeared at www.theedgemarkets.com. Please exercise your own judgement or seek professional advice for your specifi c investment needs. We are not responsible for your investment decisions.

Our shareholders, directors and employees may have positions in any of the stocks mentioned.

H O M E BU S I N E S S

PNB brings Park Hyatt Hotel to PNB 118

BY B I L LY TO H

BY E M I R Z A I N U L & A M I R R I DZ WA N


IJM Corp 3Q net profi t down 27% on lower property, industry contributions, forex loss

AWC shares suspended from trading today

SHARES in heavy machinery group Ideal United Bintang International Bhd (funda-mental: 2.1/3, valuation: 1.7/3) triggered our momentum algorithm for the fi rst time this year to close half a sen or 0.71% lower at 70 sen.

A total of 50,900 million shares were trad-ed, versus the counter’s 200-day average trading volume of 15,408 shares.

United Bintang’s net profi t grew 80% year-on-year (y-o-y) to RM3.94 million in the third quarter ended Sept 30, 2017, from RM2.19

million, as quarterly revenue jumped 56% y-o-y to RM60.17 million from RM38.49 million.

The stronger earnings were primari-ly due to the continuous steady take-up rate at I-Santorini condominium project in Penang.

For the cumulative nine months ended Sept 30, 2017, United Bintang’s net profi t jumped 198% y-o-y to RM9.34 million from RM3.13 million, as revenue grew 161% y-o-y to RM153.46 million from RM58.85 million.

SHARES in Karambunai Corp Bhd (funda-mental: 1.7/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the fi rst time since the beginning of this year.

Th e stock closed one sen or 14.29% high-er at eight sen after 65.4 million shares were traded, exceeding its 200-day average volume of 2.26 million shares.

Karambunai announced on Monday its net profi t jumped 78% to RM14.59 million in its third quarter ended Dec 31, 2017, from

RM8.19 million a year ago, as the Nexus Resort & Spa Karambunai recorded under its leisure and tourism segment performed better.

Quarterly revenue climbed 26% year-on-year to RM19.31 million from RM15.34 million.

For the cumulative nine-month period, net profi t soared 238% y-o-y to RM25.07 million from RM7.42 million, while revenue grew 17% to RM58.3 million from RM49.73 million.

SHARES in N2N Connect Bhd (fundamental: 1.25/3, valuation: 1.1/3), which triggered our proprietary algorithm yesterday, closed four sen or 4.02% lower at 95.5 sen.

Th e counter saw some 3.29 million shares traded, exceeding its 200-day average volume of 2.06 million shares.

N2N’s net profit jumped 150% y-o-y to RM6.47 million in the fourth quarter ended Dec 31, 2017, from RM2.58 million, driven by the consolidation of N2N-AFE (Hong Kong)

Ltd’s results, higher revenue, and an unreal-ised foreign exchange gain on US dollar loan of about RM2.85 million.

Quarterly revenue grew 163% y-o-y to RM27.67 million from RM10.53 million.

For the full fi nancial year 2017, the group’s net profi t jumped 114% y-o-y to RM25.13 mil-lion from RM11.75 million, as revenue rose 133% y-o-y to RM97.29 million from RM41.82 million. At the current share price, N2N is trad-ing at 2.39 times its book value.

IDEAL UNITED BINTANG INTERNATIONAL BHD Valuation score*Fundamental score**TTM P/E (x)TTM PEG (x)P/NAV (x)TTM Dividend yield (%)Market capitalisation (mil)Shares outstanding (ex-treasury) milBeta12-month price range

1.702.105.360.010.90

-77.88

110.470.50

0.60-0.89*Valuation score - Composite measure of historical return & valuation**Fundamental score - Composite measure of balance sheet strength& profitabilityNote: A score of 3.0 is the best to have and 0.0 is the worst to have

KARAMBUNAI CORP BHD Valuation score*Fundamental score**TTM P/E (x)TTM PEG (x)P/NAV (x)TTM Dividend yield (%)Market capitalisation (mil)Shares outstanding (ex-treasury) milBeta12-month price range

0.901.70

13.36-

0.47-

404.365,776.59

0.720.06-0.08

*Valuation score - Composite measure of historical return & valuation**Fundamental score - Composite measure of balance sheet strength& profitabilityNote: A score of 3.0 is the best to have and 0.0 is the worst to have

N2N CONNECT BHD Valuation score*Fundamental score**TTM P/E (x)TTM PEG (x)P/NAV (x)TTM Dividend yield (%)Market capitalisation (mil)Shares outstanding (ex-treasury) milBeta12-month price range

1.101.25

22.460.272.511.00

468.84471.20

0.390.71-1.12

*Valuation score - Composite measure of historical return & valuation**Fundamental score - Composite measure of balance sheet strength& profitabilityNote: A score of 3.0 is the best to have and 0.0 is the worst to have

IDEAL UNITED BINTANG INTERNATIONAL BHD (-ve)

KARAMBUNAI CORP BHD (+ve)

N2N CONNECT BHD (-ve)

KUALA LUMPUR: IJM Corp Bhd saw its net profi t drop 26.7% to RM101.36 million in the third fi nancial quarter ended Dec 31, 2017 (3QFY18) from RM138.36 million a year ago, mainly due to lower contributions from the property and manufacturing and quarrying divisions.

Th is was further compounded by a net foreign exchange (forex) loss of RM4.5 mil-lion compared to a net forex gain of RM3.9 million in 3QFY17.

Th is resulted in a lower earnings per share of 2.79 sen in 3QFY18 compared with 3.84 sen in 3QFY17.

Quarterly revenue also slipped 1.9% to RM1.57 billion in 3QFY18 from RM1.6 billion in 3QFY17 on lower contribution from its construction and manufacturing and quarrying divisions.

Th e weak quarterly results dragged down IJM Corp’s net profi t for the cumulative nine months (9MFY18) by 18.9% to RM338.62

million from RM417.77 million a year ago. Revenue, however, rose 5.3% to RM4.63 billion in 9MFY18 from RM4.4 billion in 9MFY17.

On prospects, IJM Corp chief executive offi cer and managing director Datuk Soam Heng Choon said it has secured RM2.7 bil-lion worth of order book wins for 9MFY18, which included projects at the Tun Razak Exchange here.

“In India, we recently announced the award of the RM1.5 billion Solapur-Bijapur tollway concession. Th ese new contracts, underpinned by local infrastructure pro-jects, as well as a steady pipeline of large public infrastructure projects spurred by government initiatives, have helped expand our outstanding order book to a near-record high of RM9.3 billion,” he added.

Soam also said the group is on track to achieve its sales target of RM1.6 billion for FY18 on the back of the positive response to its townships in Bandar Rimbayu and Seremban 2, as well as recent launches.

KUALA LUMPUR: Trading of the shares in AWC Bhd will be suspended today pending the release of a material announcement.

In a fi ling with Bursa Malaysia yes-terday, AWC said the regulator has ap-proved its request for suspension from 9am to 5pm.

AWC posted a 5% decline in net profi t to RM10.12 million in the six months end-ed Dec 31, 2017 (1HFY18) from RM10.66 million a year ago, while revenue fell 5.7% to RM134.56 million from RM142.76 mil-lion in 1HFY17.

AWC shares closed down two sen or 2.47% at 79 sen yesterday, giving it a mar-ket capitalisation of RM212.55 million.

KUALA LUMPUR: Permodalan Nasional Bhd (PNB), which is on the lookout for tenants for its iconic PNB 118 tower, be-lieves the building, which is set to be the tallest building in Southeast Asia and the third tallest in the world, has a prestigious address that will attract global corporations to establish their offi ces there.

At present, half the offi ce space in the tower will be occupied by PNB and its strategic companies as anchor tenants, said PNB group chairman Tan Sri Abdul Wahid Omar.

Th e marketing push to get the rest of the offi ce space fi lled will start soon, he told reporters yesterday.

“For PNB, this is an investment in real estate. From our perspective, by building this iconic tower, it will improve the val-ue of the surrounding area and thus like any other iconic buildings, will create the demand for such an address,” he said in response to a question about PNB 118’s prospects in the current offi ce space glut Kuala Lumpur faces.

Th e PNB 118 tower will comprise 17 fl oors of hotel space, 14 fl oors of transfers and amenities, four fl oors of observation deck, and 83 fl oors of offi ce space. For-ty-two of the 83 offi ce fl oors will be taken up by PNB and its strategic companies while the remaining 41 fl oors will be let out to other tenants.

Yesterday, PNB Merdeka Ventures Sdn Bhd, a wholly-owned PNB unit and owner of PNB 118, inked a management contract with Hyatt Hotels Corp, under which the Park Hyatt luxury hotel brand will make its Malaysian debut and take up the top 17 fl oors of the tower.

“Th is (PNB 118) is going to be a global world-class development which is iconic to the skyline of Kuala Lumpur, so we want to marry what we have with a luxury hotel operator that is world-class and a leader in the luxury market. We believe Park Hyatt is what we are looking for,” Abdul Wahid said at the signing ceremony.

“We [are] thrilled that our fi rst Park Hyatt branded hotel in Malaysia will be located in what will soon be one of the city’s most iconic buildings,” said Hyatt Hotels Corp Asia-Pacifi c group president David Udell.

Th e Park Hyatt hotel in PNB 118 will offer 232 guest rooms — including 28 suites and 30 serviced apartments. Th ere will also be a 170-seat all-day restaurant and a 250-seat sky bar and restaurant, a spa, a fi tness centre and a swimming pool.

Th e PNB 118 tower is expected to be completed in 2020, while the Park Hyatt Hotel is expected to receive its fi rst guests by 2021.

To date, substructure works for the tow-er have been completed. Construction of some 40 stories of the tower is expected to be completed by year end.

1 2 P R O P E RT Y WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY

Sime Darby Property in talks with parties for Vision ValleyInfrastructure work on the jointly developed project has commenced — group MD

WASHINGTON: Sales of new US single-family homes fell for a second straight month in January, weighed down by steep declines in the Northeast and South, which could raise concerns the housing market is losing momentum.

The weak report from the commerce department on Monday followed data last week that showed sales of previously owned homes dropped for a second consec-utive month in January amid near-record low inventory. It also added to soft January retail and industrial production data in suggesting economic growth slowed at the start of the year.

A severe shortage of houses, especially on the lower end of the market, is pushing up prices and sidelining some fi rst-time buyers. Economists worry rising mortgage rates, which are near a four-year high, and a cap on the mortgage interest deduction in the overhauled tax code will slow housing demand this year.

“Given the softening in the housing data over the past few months as well as the recent increase in mortgage rates as well as tax changes that reduce the attractiveness of mortgage fi nancing, we think it is very likely that real residential in-vestment will decline in the fi rst quarter,” said Daniel Silver, an economist at JPMorgan in New York. — Reuters

US new home sales hit fi ve-month low

BY W O N G E E L I N

KUALA LUMPUR: Sime Darby Prop-erty Bhd, which has set a sales target of RM2 billion for the fi nancial year ending June 30, 2018 (FY18), said it is in talks with one or two potential parties to jointly develop the RM290 billion Malaysia Vision Valley (MVV) project in Negeri Sembilan.

Group managing director (group MD) Datuk Seri Amrin Awaluddin said an announcement will be made when details are fi nalised. He added that so far, infrastructure work on the project has commenced, which covers an area of over 153,000ha that encompasses Nilai, Seremban and Port Dickson.

“There is development there. Work has started on the new Nilai-Labu-Enstek expressway pro-ject, which is [being] undertaken by the federal and state governments. Th ere is also signifi cant progress on the Senawang-KLIA express-way,” he told a press conference to announce the group’s fi nancial results for the fi rst half ended Dec 31, 2017 (1HFY18) yesterday.

In May last year, Sime Darby Property, Kumpulan Wang Per-saraan (Diperbadankan) [KWAP], and Brunsfi eld Development Sdn

BANGKOK: Th ai property fi rm Singha Estate Pcl said yesterday it would buy six hotels across four countries from a Hawaii-based hotel group for about US$250 million (RM977.5 million).

Bhd had signed a memorandum of understanding (MoU) to lead the development of the MVV project. Under the MoU, the three parties will explore the opportunity to develop the fi rst phase of the development in the area comprising 11,000ha of land. Sime Darby Property currently owns 3,196 acres (1,293ha) of land within MVV and has the option to acquire another 8,793 acres from Sime Darby Bhd and Sime Darby Plantation Bhd within five years from the date of its listing on Nov 30, 2017, with an option to extend for another three years.

“We can exercise the option with-

in fi ve to eight years. As such, we will exercise it as and when we want to develop (the land),” said Amrin.

Amrin doesn’t see any problem digesting the land over the period, noting that the group will contin-uously assess the best use of each land parcel and will dispose of its non-strategic land. It will also con-tinue to focus on its core area, name-ly the Klang Valley. He said the group will be selling its land in Kedah and Sabah, measuring about 1,600 acres and 300 acres, respectively. As at Dec 31, 2017, Sime Darby Property had about 20,743 acres of undevel-oped land, with a gross development

value (GDV) of RM100 billion.Amrin said Sime Darby Property

is “cautiously optimistic” about the property market in 2018 amid strict credit approvals and loan approvals.

Its chief fi nancial offi cer Datuk Tong Poh Keow said the group is confi dent of doing well with its prod-uct range, especially in landed prop-erties in its townships such as City of Elmina, Bandar Bukit Raja, Serinia City and Bandar University Pagoh. She highlighted that most of its af-fordable housing products ranging from RM500,000 to RM800,000 are still in demand.

Some of its projects targeted for launch next month include the two-storey link houses in Elmina West and Denai Alam, as well as serviced apartments at KL East, which have a GDV of RM142.6 mil-lion, RM92.9 million and RM167.4 million respectively. As at Dec 31, 2017, Sime Darby Property achieved RM1 billion in sales, of which 89% came from the Klang Valley, fol-lowed by Negeri Sembilan (8%) and Johor (3%). For 1HFY18, the group’s net profi t soared 90% to RM559.77 million from RM294.51 million a year ago, while revenue rose 33.6% to RM1.14 billion from RM853.71 million in 1HFY17.

BY LU C I A M U T I K A N I

Th ailand’s Singha Estate to buy hotels from Hawaiian fi rm for US$250mSingha Estate will buy a total of

859 rooms from properties on the resort islands of Phuket and Sam-ui, both in Th ailand, Mauritius, the Maldives and Fiji from Outrigger Hotels Hawaii.

Singha Estate, the property arm

of beer maker Boon Rawd Brewery, best known for pale lager Singha, said it might repay up to US$100 mil-lion of loans owed by the properties.

Th e investment is part of Singha Estate’s strategy to invest in hotels and resorts in prime tourist desti-

nations, it said in a statement.Singha Estate chairman said

in October that the company was aiming to increase overseas rev-enue to 30% of the total from the current 20%.

The purchase comes after a

string of deals by the Th ai devel-oper in the Maldives and Bangkok (Th ailand) last year.

Hotels made up about 18% of Singha Estate’s total revenue of 5.86 billion baht (RM730.2 million) in 2017. — Reuters

BY C H AY U T S E T B O O N S A R N G

Amrin (left) and Tong at the press conference to announce the group’s fi nancial results for the fi rst half ended Dec 31, 2017 yesterday. Photo by Sam Fong

B R O K E R S’ C A L L 1 3WEDNESDAY FEBRUARY 28, 2018 • THEED G E FINANCIAL DAILY

Deleum’s earnings upcycle seen to materialise in 2HDeleum Bhd(Feb 27, RM1.07)Maintain neutral with an un-changed target price (TP) of RM1.03: Deleum Bhd’s earnings for the fourth quarter of fi nancial year 2017 (4QFY17) grew by +36.2% year-on-year (y-o-y) to RM13.5 mil-lion — highest since 2QFY15. Cu-mulative FY17 earnings of RM32.3 million (+21.7% y-o-y) outpaced our expectations by a variance of more than >10%.

Although segmental revenue contracted by -15.1% y-o-y, seg-mental profit managed to stage growth of +9% y-o-y to RM39.1 mil-lion. Th e contraction in revenue was largely due to lower work orders for exchange engines and retrofi t projects. Th e higher profi t on the other hand was due to a one-off restructuring charge in 4QFY16 of RM4.4 million. Excluding this one-

Bumi Armada Bhd(Feb 27, 89.5 sen)Downgrade to hold with a lower target price (TP) of 85 sen: Bumi Armada Bhd delivered substan-tially better results, turning in a core net profit of RM63 million for the fourth quarter of fi nancial year 2017 (4QFY17), from a loss of RM149 million in 4QFY16, and a FY17 core net profi t of RM322 million, from FY16’s loss of RM93 million. The improvement was supported by contributions from LNG Mediterrana since early-2017, from fl oating production, storage and offl oading (FPSO) Olomben-do since February 2017, and from FPSO Kraken since mid-2017. Th e 49%-owned Sterling 3 began con-tributing from July 2017. Also, Bumi Armada had booked compensa-tion payable to EnQuest against its 4QFY16 profi t and loss.

Bumi Armada made RM1.7 billion in impairment provision in FY16 against its FPSO assets (FPSO Claire, FPSO Perdana, and two idled FPSOs), and against its offshore marine service assets (Armada Condor, Armada KP1, etc), but no impairment was made against its vessels in FY17. Th is was a major reason why reported net profi t turned around materially between FY16 and FY17.

Bumi Armada noted that it expected to achieve a final ac-

ceptance for FPSO Kraken latest by June 30, 2018, in line with our expectations. Th e FPSO achieved fi rst oil on June 23, 2017, and its second processing train was brought online in November, raising gross production rates to over 40,000 barrels of oil per day (BOPD), allowing Bumi Ar-mada to book in 80% of the con-tracted bareboat charter rate in 4QFY17. Since January 2017, the FPSO has been producing about 50,000 BOPD, which is more or less the Kraken fi eld’s full production capacity.

The cour t case against Woodside is expected to fi nally get its fi rst hearing at the Australi-an court on Oct 15, 2018. Bumi Ar-mada is claiming around US$280 million (RM1.09 billion). Even a partial award to Bumi Armada will be very value-accretive. Bumi Ar-mada has been marketing FPSO Claire as a redeployment candi-date for marginal fi elds. Separate-ly, Bumi Armada is bidding for new contracts in India and Ghana, and none of these new contracts have been included in our TP.

We downgrade Bumi Arma-da from “add” to “hold” as our previous target has largely been met. We cut our TP to factor in a stronger ringgit assumption of RM4.10:US$1, from RM4.30 pre-viously. — CGSCIMB, Feb 26

off charge, the segmental normal-ised profi t would have contracted by approximately -3% y-o-y.

Segmental revenue also con-tracted by -11.9% y-o-y largely due to a lower utilisation of slickline assets. Despite this, profi t grew by +16% y-o-y to RM14.5 million at-tributable to higher margin from oilfi eld chemicals, lower write-off s and lower fi nancing costs.

Although segmental revenue grew by +14% y-o-y, segmental profi t re-mained flat y-o-y for the quarter largely attributable to lower-margin works and mobilisation costs related to the maintenance, construction and modifi cation (MCM) win.

Based on its recent MCM win, we believe that the earnings upcycle is likely to happen in the second half of FY18 (2HFY18). Our view is largely due to the fact that earnings accretion from the MCM jobs will

most likely be recognised towards the latter part of FY18 only. Th e bulk of the activity and earnings will most likely take place in FY19.

Although FY17 earnings posted better-than-expected earnings, we are maintaining our earnings forecast at this juncture as the power and ma-chinery (P&M) segment is still expect-ed to remain challenging while a large portion of the oilfi eld service projects are due to expire in 2018 and 2019. Based on the anticipated earnings upcycle in 2HFY18 from the MCM contracts and the challenging P&M division, we are maintaining our TP at RM1.03. Our TP is premised on price-earnings ratio (PER) of 12 times pegged to earnings per share (EPS) of 8.6 sen. We are maintaining our “neutral” recommendation but reit-erate that Deleum’s company funda-mentals and prospects remain intact. — MIDF Research, Feb 27

Even a partial Woodside case award will be value-accretive for Bumi Armada

1 4 B R O K E R S’ C A L L WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY

Genting Plantations Indonesia continues to drive output growth

Padini Holdings Bhd(Feb 27, RM5.13)Maintain hold with a target price (TP) of RM5.30: Padini Holdings Bhd’s second quarter of fi nancial year 2018 (2QFY18) revenue grew 7.9% year-on-year (y-o-y) on pos-itive growth from new stores. All brands registered higher sales y-o-y except for Miki House (-2% y-o-y). Both core net profi t (CNP) and earnings before interest and taxes decreased by 0.4% and 3.4%, mainly due to a lower gross profi t margin from 41.8% to 39.2%. Selling and distribution expenses increased by 9.4% and attributed to the costs of closing and opening of new stores. Th is may be negat-ed in the future with possibility of growing economies of scale, that could reduce the cost in the long term. From a quarter-on-quar-ter (q-o-q) perspective, 2QFY18 shows an increase of 46.1% in revenue, and 85.7% in CNP from 1QFY18, due to the Christmas hol-iday/year-end sales. Th e higher revenue growth can be explained by the higher costs. Management gave assurance that restructuring

in other brands post-Vincci will be done to manage cost issues. A third interim dividend of 2.5 sen was declared, making up a total of 7.5 sen so far for FY18. We expect that another 7.5 sen will be paid which will amount to 15 sen for FY18, implying a 50% dividend payout ratio.

We remain cautiously optimis-tic about Padini’s outlook backed by its strong revenue growth. Pad-ini has diversifi ed brand names that appeal to customers. Key risks include weaker consum-er sentiment than expected in the future and stronger compe-tition. We expect some earnings recovery because of Chinese New Year in 3QFY18 and Hari Raya in 4QFY18 respectively. We main-tain our RM5.30 TP based on a discounted cash fl ow method-ology (weighted average cost of capital: 6.8%).

Padini’s stock has done well mainly due to its robust net cash position, along with a strong bal-ance sheet, but we see subdued performance moving forward. — BIMB Securities Research, Feb 27

Subdued performance expected for Padini moving forward

Genting Plantations Bhd(Feb 27, RM10.10)Maintain hold with a lower target price (TP) of RM11.32: Genting Plantations Bhd’s fourth quarter of fi nancial year 2017 (4QFY17) core net profi t (CNP) of RM93.3 million (quarter-on-quarter [q-o-q]: +18%; year-on-year [y-o-y]: -34.6%) took the company’s FY17 CNP to RM323.2 million (+4.2%). The results came in within expectations, accounting for 96.9% to 100.6% of consensus and our forecasts. Deviations were broadly in line.

Recommended fi nal dividend per share (DPS) of eight sen and declared special DPS of 11 sen (ex-date: March 9, 2018), bringing total DPS for the full year to 26 sen (translating into a dividend yield of 2.7%).

Q-o-q 4QFY17 CNP increased by 18% to RM93.3 million, driven mainly by higher fresh fruit bunch (FFB) pro-duction from plantation operations in Malaysia, higher selling price of palm kernel, higher property earnings, and improved offtake for refinery and biodiesel products.

Y-o-y 4QFY17 CNP declined by 34.6% to RM93.3 million as lower losses at the biotechnology division and better downstream performance were more than off set by lower palm product prices, higher unrealised profi t from inter-segment sales and lower property earnings.

Year-to-date (YTD) FY17 CNP rose 4.2% to RM323.2 million as weak-er property earnings and higher fi -nance costs were more than compen-sated by higher plantation earnings (arising from higher FFB production and crude palm oil [CPO] prices), bet-

Genting Plantations Bhd

FYE DEC (RM MIL) 2016A 2017A 2018E 2019F

Revenue 1,480 1,804 1,590 1,654Pre-tax profit 501 461 495 519Rpt net profit 367 338 357 374Core net profit 310 323 357 374Rpt EPS (sen) 46.3 44.5 44.9 47.2PER (x) 21.2 22.0 21.8 20.8GDPS (sen) 7.8 26.0 9.0 9.4GDY (%) 0.8 2.7 0.9 1.0BVPS (RM) 5.9 5.4 6.5 6.9P/B (x) 1.7 1.8 1.5 1.4Net gearing (x) Net cash 0.2 0.2 0.2ROE (%) 7.9 7.8 6.9 6.9ROA (%) 4.7 4.0 4.2 4.3Source: Hong Leong Investment Bank Research

ter downstream performance, lower losses at the biotechnology division and improved earnings contribution from premium outlets.

Management is guiding FFB pro-duction to grow 20% in FY18, and Indonesia will remain as the driver to FFB production growth (as more areas are moving into a mature [es-timated at approximately 5,000ha] and higher yielding bracket).

Earnings before interest, taxes, depreciation and amortisation at property division shrank by 44.3% to RM23.5 million in FY17, main-ly on the back of a diff erent prod-uct mix. Management guided that earnings at the division will likely remain fl attish in FY18, as it contin-ues to see challenging demand pros-pects for properties that are valued at RM500,000 per unit and above (which command higher margin vis-

à-vis aff ordable housing products). Th e risks are weaker-than-expect-

ed FFB production and oil extraction rate, and escalating CPO production costs.

We tweak our FY18 and FY19 net profi t forecasts lower by 3.7% and 4.7%, to account for slightly higher CPO production cost assumption for the Indonesia operations and lower earnings before interest and tax margin assumption for the prop-erty division.

While we like Genting Plantations for its effi cient management team, young age profi le and healthy balance sheet, we believe near-term upside is capped by the weak property senti-ment in Johor, a drag on its earnings growth. Post-earnings adjustment, the sum-of-parts-derived TP is lowered by 1.6% to RM11.32. — Hong Leong Investment Bank Research, Feb 27

CIMB Niaga’s lending seen to be driven by corporate loans

Padini Holdings Bhd

FYE JUNE (RM MIL) 2016 2017 2018E 2019E 2020E

Turnover 1,301.2 1,570.7 1,726.4 1,880.4 2,052.5Ebitda 217.1 266.4 296.0 320.6 347.2Ebit 182.2 227.7 254.9 278.7 304.7Pre-tax profit 186.7 213.2 261.3 287.6 316.1Net profit 137.4 157.4 192.9 212.3 233.4Core net profit 136.7 177.1 192.9 212.3 233.4EPS (sen) 20.9 23.9 29.3 32.3 35.5PER (x) 24.4 21.3 17.4 15.8 14.3DPS (sen) 11.5 11.5 15.0 16.0 18.0Dividend yield (%) 2.3 2.3 2.9 3.1 3.5NTA/Share (RM) 0.70 0.83 0.98 1.14 1.31

Margins (%)Ebit margin 14.0 14.5 14.8 14.8 14.8Pre-tax margin 11.4 14.3 13.6 15.1 15.3Net margin 10.6 10.0 11.2 11.3 11.4ROE 31.4 30.8 32.1 30.3 28.7ROA 17.2 17.9 19.3 18.8 18.4Net gearing (x) Net cash Net cash Net cash Net cash Net cashSources: Bloomberg, BIMB Securities Research

CIMB Group Holdings Bhd

FYE DEC (RM MIL) 2016A 2017E 2018E

Net interest inc 9,826 10,389 11,033Islamic banking inc 1,704 1,974 2,101Non-interest inc 4,386 4,763 4,930Total income 15,916 17,126 18,064Pre-tax profit 4,735 6,008 6,376Net profit (NP) 3,266 4,325 4,590Consensus NP 4,504 5,152EPS (RM) 37.6 47.9 49.4EPS growth (%) 12.5 27.6 3.0DPS (RM) 20.0 25.4 20.3BV/share (RM) 5.2 5.5 5.8NTA/share (RM) 4.0 4.4 4.6ROE (%) 7.5 9.1 8.8PER (x) 19.3 15.1 14.7P/B (x) 1.8 1.7 1.6Price/NTA (x) 1.4 1.3 1.2Dividend yield (%) 2.8 3.5 2.8Source: Kenanga Research

CIMB Group Holdings Bhd(Feb 27, RM7.29)Maintain market perform with a target price (TP) of RM6.80: CIMB Group Holdings Bhd’s subsidiary PT Bank CIMB Niaga Tbk’s fi nancial year 2017 (FY17) core net profi t (CNP) of 2.97 trillion rupiah (RM848,879) ex-ceeded expectations, accounting for 106% of full-year market estimate. The above-expectation numbers were due to lower-than-expected impairment allowances and oper-ating losses.

Year-on-year (y-o-y), FY17 earn-ings surged by 45% to 4.11 trillion rupiah underpinned by: i) lower im-pairment allowances by 18% y-o-y; and ii) lower operating losses by 11% to 510 billion rupiah. Top-line growth was soft at +3%% y-o-y driven by fee-based income of +5% with fund-based income at +3%. Fund-based income was supported by a net in-

terest margin (NIM) of 5.3% (15 basis points [bps] easing) with soft loans at 3% (versus industry growth of 5%). Loans were underpinned by corpo-rate banking (+8%) and commercial banking (+7%) as consumer banking contracted by 7%. Slower operating expenditure (opex) at +2% prompt-ed lower cost-to-income ratio by one percentage point to 48%. Asset quality improved as gross impaired loan (GIL) fell by 20bps to 3.8% with credit costs falling by 40bps to 2.2%.

Quarter-on-quarter (q-o-q), CNP fell by 4% on the back of higher op-erating loss of 391 billion rupiah as top-line moderated to +2%. Soft top-line was underpinned by fl at-tish fund-based income off setting the stronger fee-based income of 6%. Loans rebounded to 4% but NIM eased by 15bps to 5.2%. For the quarter, asset quality improved as GIL fell by 20bps to 3.8% with credit

costs easing by 35bps to 2%.CIMB Niaga’s loans in 2018 are

expected to be driven by corporate loans as it participates in more of In-donesia’s infrastructure projects with expansion into mortgages and credit cards coupled with strong traction from the small and medium enter-prise segment. With loan-to-deposit ratio at 109%, we believe that the eas-ing on NIM is inevitable as the cost of funds is likely to be under upside pressure. With stable commodity prices and improving gross domes-tic product, we expect a stable credit charge of approximately 2%.

Our TP for the group is main-tained at RM6.80 based on a FY18 price-to-book/price-earnings of 1.17 times/13.3 times. Despite the de-manding valuations, we maintain our “market perform” call as returns are within defi nition. — Kenanga Research, Feb 27

H O M E 1 5WEDNESDAY FEBRUARY 28, 2018 • THEED G E FINANCIAL DAILY

King opens Parliament on March 5 for 20-day meetingKUALA LUMPUR: The first meeting of Parliament for the year will be held for 20 days between March 5 and April 5, said Dewan Rakyat secretary Datuk Roosme Hamzah. Th e Yang di-Pertuan Agong, Sultan Muhammad V, would open the sixth session of the 13th Parliament at 10am on March 5, she said in a statement. Th e fi rst meeting would begin with a motion of thanks for and a debate on the royal address over two weeks, after which the ministers will respond with their replies in the third week, she said. “Debates on the bills and other government mat-ters will be held in the fourth and fi fth weeks,” she added. — Bernama High Court upholds jail term on ex-PAS Youth offi cial for seditionKUALA LUMPUR: The High Court has upheld the eight months’ jail sentence imposed on former PAS Youth treasur-er Mohd Fakhrulrazi Mohd Mokhtar who called for Datuk Seri Anwar Ibrahim’s release in a street protest three years ago. Judge Datuk Azman Ab-dullah made the decision after dismissing Mohd Fakhrulrazi’s appeal against his conviction and sentence handed down by the Sessions Court on Aug 25, 2016. Th e court also dismissed the cross-appeal by the pros-ecution against the sentence imposed on Mohd Fakhrulra-zi, now Parti Amanah Negara Youth vice-chief. — Bernama

Pakatan Harapan may use one logo in GE14 if not registered in timePETALING JAYA: Th e opposi-tion Pakatan Harapan plans to use a logo or symbol of one of its four component parties in the 14th general election (GE14) if the application to reg-ister the pact is not approved by then, said chairman Tun Dr Mahathir Mohamad. Th e pact has yet to determine which party logo or symbol would be used, he said after chairing a meeting of the pact’s presi-dential council here yesterday. Pakatan Harapan comprises PKR, DAP, Parti Pribumi Bersa-tu Malaysia and Parti Amanah Negara. — Bernama

SUPP president squashes rumour Riot will be dropped in GE14KUCHING: Sarawak United People’s Party (SUPP) presi-dent Datuk Dr Sim Kui Hian squashed rumours that the party’s deputy president Da-tuk Seri Richard Riot Jaem will be dropped in the 14th general election (GE14). “Th e election will be held very soon and we have no time to drop anyone ... we have to work together to be strong to face the election,” Sim, also Sarawak local government and housing minister, told Ber-nama. — Bernama

I N BR I E FAppeals Court sets aside libel award to KhalidTh ree-man bench allows Hassan’s appeal for case to be readmitted to High Court

KUCHING: Th e Federal Court has ruled that the Majlis Islam Sarawak Ordinance covers the power of the Sarawak Syariah Court to deal with apostasy cases.

Th e Court of Appeal president Tan Sri Zulkefl i Ahmad Makinudin said the court unanimously reached the decision to dismiss four Sarawakians’ appeal for the civil court to hear their apostasy cases.

He said the court dismissed the appeal with no order as to cost, and decided that the issue raised was already settled in other court cases.

He said even though there are no provisions to apostasy, there are provisions on matters of con-version to Islam, which imply the Sarawak Syariah Court has juris-diction over apostasy cases.

He said Sections 68 and 69 in the Majlis Islam Sarawak Ordi-nance could be used by the Sar-awak Syariah Court to hear the matter pertaining to apostasy in Islam.

Th e fi ve-member Federal Court bench comprised Court of Appeal president Tan Sri Zulkefl i Ahmad Makinudin, Chief Judge of Malaya Justice Tan Sri Ahmad Maarop and Justices Tan Sri Hasan Lah, Tan Sri Jeff rey Tan and Tan Sri Ramly Ali.

On Monday, the court heard submissions from lawyers on whether the Sarawak Syariah Court possessed such powers when it is not expressly stated in the Syariah Court Ordinance 2001, as the question was raised by the four Sarawakians seeking a court order to nullify their status as Muslims, and compel the Na-tional Registration Department to recognise them as Christians.

The four jointly sought the Federal Court’s interpretation of the Sarawak Syariah Court Ordinance 2001, and named Sarawak State Islamic Depart-ment director, Sarawak Islamic Council, National Registration Department director-general and the state government as re-spondents. — Bernama

Apostasy cases can be decided by Sarawak Syariah Court

PUTRAJAYA: Th e Court of Appeal has set aside the High Court’s order that Datuk Dr Hassan Mohamed Ali pay RM200,000 in damages to Shah Alam member of parliament (MP) Khalid Abdul Samad for def-amation.

A three-man bench — Justices Datuk Tengku Maimun Tuan Mat, Datuk Mary Lim Th iam Suan and Datuk Zabariah Mohd Yusof — al-lowed Hassan’s appeal for the case to be remitted to the High Court for a retrial before another High Court judge.

In her decision, Tengku Mai-mun allowed Hassan’s appeal to

reinstate his statement of defence, struck out by the High Court on Dec 16, 2016.

She also allowed his appeal to set aside the High Court’s decision in ordering him to pay RM200,000 in damages to Khalid. Tengku Mai-mun set March 6 for the matter to be mentioned in the High Court.

On Jan 25 last year, the High Court allowed Khalid’s lawsuit and ordered Hassan to pay him (Khalid) RM200,000 in damages for defam-ing him regarding the sale of liquor, gaming centres and massage par-lours in Selangor.

Khalid, now Parti Amanah Ne-

gara committee member, sued Has-san, then a Selangor state govern-ment executive councillor, alleging the latter had defamed Khalid in his speech at Dewan Rukun Te-tangga hall in Seksyen 17, Shah Alam in 2012.

He claimed a video containing the speech was edited and upload-ed to YouTube and that the words allegedly uttered by Hassan were unfounded, untrue and slander-ous, aff ecting his reputation and image when he was a PAS central committee member.

Hassan, a former Selangor PAS commissioner, in his statement

of defence claimed the words he said were a common phenomenon in Malaysia’s political scenario — parties criticising one another for their own political interests’ sake.

On Dec 16, 2016, the High Court struck out Hassan’s statement of defence after fi nding that he failed to comply with the fi ling instruc-tions for trial.

After the verdict, Khalid’s coun-sel Muhammad Faiz Fadzil told reporters that the trial had pro-ceeded without Hassan’s defence being considered. Lawyer Datuk Hasnal Rezua Merican represented Hassan. — Bernama

PUTRAJAYA: Tun Dr Mahathir Mo-hamad and Datuk Seri Khairuddin Abu Hassan have failed to obtain leave to appeal in their suit for the tort of misfeasance in public offi ce against Prime Minister (PM) Datuk Seri Najib Razak.

Th e 92-year-old former prime minister and Khairuddin, 55, for-mer Batu Kawan Umno vice-chief, had sought leave to appeal to re-instate their suit struck out by the High Court and the decision was upheld by the Court of Appeal.

Th e Federal Court bench, com-

prising Chief Judge Tun Md Raus Sharif and Federal Court Judges Datuk Seri Balia Yusof Wahi and Tan Sri Wira Aziah Ali, unanimous-ly dismissed their appeal and or-dered them to pay RM20,000 in costs.

In his decision, Justice Md Raus, who chaired the bench, said the Federal Court agreed with the in-terpretation made by the High Court and Court of Appeal that Najib was not a public offi cer. Th e suit pertains to Najib’s role in 1Ma-laysia Development Bhd (1MDB)

state investment fund.He said the matter involved

the interpretation of the Federal Constitution and statutes on the meaning of “public offi cer” in that whether Najib is a public offi cer.

“Th us, this is not a fi t and prop-er case for leave to appeal to be granted under Section 96 of the Courts of Judicature Act 1964,” he said, adding that the court opined that the applicants, Dr Mahathir and Khairuddin, did not fulfi l the requirements of Section 96.

Parties in civil cases must fi rst

obtain leave before they can pursue their appeal to the Federal Court.

Md Raus set April 16 for the hearing of lawyer Mohamed Haniff Khatri Abdulla’s application to dis-charge himself from representing former Langkawi Wanita Umno member Anina Saadudin, 43.

Dr Mahathir, Khairuddin and Anina sued Najib on March 23, 2016, accusing him (Najib) of hav-ing committed misfeasance in public offi ce and acting in breach of his fi duciary duty over the man-agement of 1MDB. — Bernama


1 6 C O M M E N T WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY

Aff ordable AirAsiaIts non-fuel costs are the lowest in the entire industry

Budget airlines are all about cheap flights — AirAsia Bhd really brings new meaning to the term.

Its non-fuel costs are the lowest in the entire industry. At 1.73 US cents (6.76 sen) per availa-ble seat kilometre, they are less than half of Ryanair Holdings plc’s 3.59 US cents and about one-sixth of the amount paid by the big three US car-riers, according to data compiled by Bloomberg.

In deciding whether the stock de-serves the one-third run-up it has en-joyed so far this year (4Q net operating profi t of RM549.8 million and full-year net operating profi t of RM1.59 billion announced yesterday), it is worth asking how that is possible — and more to the point, whether it is sustainable (see chart — Cleared for Takeoff ).

Some of AirAsia’s cost edge comes from features that are common to al-most all budget carriers. It buys just one type of aircraft — Airbus SE’s A320 series 1 — and does so in vast numbers. One in 13 of the orders for the new version of the A320 are des-tined for AirAsia.

Th at has several advantages. As such a crucial customer, AirAsia’s co-founder Tony Fernandes can in-fl uence the design of new aircraft so that they are tailored to suit his needs. When it comes time to pay the bill,

BY D AV I D F I C K L I N G

he can enjoy a hefty discount off the sticker price, to the extent that almost a fi fth of AirAsia’s revenue comes from operating lease income — essentially, renting planes to other airlines in the AirAsia group.

Th e simplicity of having a single plane means the Malaysian carrier does not need to train and equip sep-arate maintenance and fl ight crews for a myriad diff erent models. Th e avoidance of long-haul routes means aircraft can be turned round multiple times in a day, helping them to pay for themselves quicker and reducing the risk that fl ight crews will have to put up in a costly hotel overnight.

Single-class cabins filled with passengers who pay handsomely for their airport check-in, seat allo-cation and warmed-through nasi

lemak means that complexity is min-imised. It also maximises ancillary sales, which make up roughly another fi fth of revenue.

Th at only explains the diff erence between a full-service and a low-cost carrier, though. How is AirAsia un-dercutting even the likes of Ryanair?

Th e biggest reason is infrastruc-ture. Just 16% of AirAsia’s operating costs in 2016 went on “user charg-es”: airport fees, ground operations and air traffi c control. At EasyJet plc, the fi gure is close to 40%, and even at Ryanair, which obsessively seeks out low-cost regional airports, it is around 30%.

Th at makes sense in a southeast Asian market that is still only just beginning to experience low-cost travel. Airports in relative backwaters

like Bintulu, Pontianak or Hat Yai are not going to charge what would be demanded in their respective capitals of Kuala Lumpur, Jakarta or Bangkok, so airlines that funnel traffi c to those destinations are able to reduce their cost base.

Another advantage is geographic. Relative to Europe and the US, ma-jor destinations in Asia are relatively far apart and low-cost carrier routes are concomitantly long. Th e average AirAsia passenger fl ew about 1,300km in the 12 months through Septem-ber, compared to 1,100km at EasyJet.

Th at matters because taxiing, take-off and landing consume an outsized portion of fuel. Shorter hops where more time is spent climbing and de-scending are some of the least fuel-ef-fi cient fl ights out there.

At just 0.95 US cents per available seat kilometre, AirAsia’s fuel costs are among the lowest in the industry. EasyJet pays about 1.40 US cents, while Ryanair’s array of short-haul destinations give it an eye-watering 2.14 US cents.

Th e bigger issue is how long this model can continue. Not all elements of AirAsia’s cost base are cheap. In contrast to the penny-pinching that has set Ryanair’s staff at the throats of management in recent months, AirAsia’s employee costs are relatively high for a budget carrier, accounting for about 14.4% of revenue.

Non-cash expenditure on that massive fl eet does not come cheap, either. Depreciation charges amount-ed to almost 13% of revenue in the 12 months through September, more than double the median among the 91 airlines for which Bloomberg has data.

Most importantly, there is the question of how long those ultra-low airport and traffi c charges can con-tinue. AirAsia has done magnifi cently from getting in at the ground level of its region’s discount-travel boom, but at present, its profi ts depend in large measure on airports resisting the lure of higher rents.

Once Asia’s airports wake up to the cash machine the growth of low-cost aviation represents, the sky on that line-item could really be the limit. — Bloomberg

* AirAsia does have some A321neo air-craft on order, which are essentially a stretched version of the existing plane.

WHEN Donald Trump took offi ce early last year, many pundits believed that he would settle into his presi-dency and pivot to normality. But a large number of America’s mental health experts did not see it that way. Th ey warned that Trump evidently suff ers from a mental impairment that would worsen under pressure, possibly leading him to launch a war, even a nuclear war. And now, with the dangers of a Trump-led war with North Korea or Iran rising, the world needs to head off America’s president before it is too late.

In the view of many profession-al psychologists and psychiatrists, Trump is not merely a bully, a show-man, and a liar; he is more likely a mentally impaired individual who is impulsive, aggressive, and relentless-ly driven to manipulate and blame others. These professionals have called for an urgent, independent evaluation of Trump’s mental capac-ity that goes far beyond the simple cognitive screen that he received earlier this year when undergoing a physical examination at Walter

Trump’s war psyche and world peaceBY B A N DY X L E E & J E F F R E Y D S A C H S

Reed Army Medical Center.To some laypersons, and obvious-

ly to many Americans, symptoms of mental impairment can appear to be strengths. A lack of self-control can be mistaken for candour. Aggression and manipulativeness can be mis-taken for deal-making skills. Yet to mental health professionals, these traits are danger signs. Individuals who display such behaviour are of-ten masking intolerable feelings of powerlessness, inadequacy, and an overwhelming need for approval that can curdle into violent destructive-ness under pressure.

Th is is not the fi rst time, of course, that a leader with a severe person-ality disorder has gained power. But such leaders have usually gained control in smaller countries that lack the world’s most powerful military. Still, the record of such episodes is grim: Idi Amin, Saddam Hussein, Pol Pot, and many others were able to wreak murderous mayhem.

Unlike those leaders, Trump can plunge the world into a devas-tating nuclear war at his personal command. In recent months, he has repeatedly threatened to use this power. Trump believes that by

threats, sanction, and bravado, he can force North Korea to relinquish its nuclear weapons. In fact, if Trump pushes the North Korean regime into a corner, he is more likely to provoke a war. Th e South Koreans understand this, but they are being pressured by the US to take a hard line. Th e recent Olympics thaw in relations between North and South Korea is promising, but not the end of the story. Trump will most likely stir up tensions soon again; he can-not help himself.

Iran is the second flash point. Trump is surrounded by hardliners in his administration who are seek-ing a showdown with the Islamic Republic. Israel’s government, led by Prime Minister Binyamin Netan-yahu, is pushing the US in the same direction. Again, Trump or his ad-visers may believe that bravado will cause the Iranians to back down from their regional assertiveness in Syria and Lebanon; but this is unlikely, in part because Iran can count on Russia’s tacit backing.

Trump’s obsession with winning and inability to accept a balance of power constitute a dire threat. His declaration on Twitter in January

that he is “a very stable genius” is a sign of weakness, not strength. Such statements are an alarm, not a reassurance.

As Special Counsel Robert Mu-eller’s investigation continues to raise the emotional and political pressure on Trump, the president’s temptation to resort to war could rise dramatically. Th e danger is that Trump’s emotional compulsions could become all-consuming, ren-dering him incapable of choosing any other course than violence.

Trump’s impairments usually involve great efforts by him and others to keep his inner wounds covered. People around him often display excessive fawning or com-ply with exceptional demands in order to “contain” him. Such is the reported atmosphere at the White House, where his aides apparent-ly work hard to keep America safe from their boss.

Given the warning signs, the US Congress should move urgently to remove Trump’s unilateral ability to launch a war, especially a nucle-ar war. The Constitution is clear: According to Article I, Section 8, Congress, not the president, has the

power to declare war. Presidents have relentlessly usurped that pow-er in recent decades, and Congress, unfortunately, has acquiesced. But, with Trump in power, it is especially urgent — a matter of survival — that Congress clearly and explicitly re-asserts its constitutional authority.

America’s traditional allies should also be on guard against blindly fol-lowing the US to war. We are in a pe-riod of great danger. We do not need a new war on the Korean Peninsula or in the Middle East to establish a balance of power, stability, and mu-tual recognition of all sides’ security interests. We need diplomacy. But Trump may be psychologically in-capable of that, because he predis-posed to attack, rather than compro-mise. Global forces for peace need to resist. — Project Syndicate

Bandy X Lee is a clinical professor in law and psychiatry at Yale School of Medicine. Jeff rey D Sachs, University Professor at Columbia University, is director of Columbia’s Center for Sustainable Development and the UN Sustainable Development Solu-tions Network.

W O R L D B U S I N E S S 1 7WEDNESDAY FEBRUARY 28, 2018 • THEED G E FINANCIAL DAILY

China’s steep yield curveTh is is due to its fl ushing its fi nancial markets with cash ahead of key meetings

BY H E L E N S U N

SHANGHAI: China is fl ushing its fi nancial markets with cash ahead of key political meetings, and it’s resulting in a steeper yield curve.

Th e spread between one- and 10-year government bond yields has wid-ened to 54 basis points, the most since March 2017, as ample liquidity condi-tions drag down yields on short-term notes more than longer-dated bonds.

Australian goat farmers rejoice as exports to US surge to record highBY R E B EC C A K E E N A N

PERTH: Growing demand for goat meat in the US from ethnic minority groups and foodies has made an unlikely export superstar for Australian farm-ers, with exports surging to a record.

The value of goat meat shipments from Australia, the world’s biggest exporter, jumped 38% to A$277 million (RM852.38 million) last year, with the US by far the biggest customer, according to data provided by Meat & Livestock Australia (MLA). Overseas sales have more than quadrupled in a decade.

Goats weren’t always good news for Australian farmers. With little domestic demand for their meat, for years goats were shot or poisoned as ver-min as they competed with more favoured sheep. Their status worsened after the 1970s, when a goat wool boom evapo-rated and many goats escaped to wander and multiply in Aus-tralia’s sparsely populated Out-back.

That changed in the past couple of decades as demand from Muslims and Hispanics in the US emerged. Goat meat is favoured by many minorities because it has few, if any, reli-gious restrictions. With grow-ing incomes in those popula-tions and Americans becoming increasingly adventurous in their eating habits, that has sent consumption soaring, with production in the US failing to meet demand.

Australian goat meat pric-es surged last year to over A$6 a kilogramme, more than three times higher than in 2014. Prices have correct-ed to about A$5.60 and may stabilise at this level, said Julie Petty, who manages goat information at Meat & Livestock Australia, a Syd-ney-based trade group. The higher prices coupled with low maintenance costs are luring Australian farmers to add goats to their herds.

“As the price has increased, we have got more and more in-quiries coming through from producers who can see the money signs flashing,” she said.

Slaughter numbers of goats increased about 7% last year to 2.07 million, and exports gained 6% to 28.4 million tonnes. Those numbers will continue to increase if farmers don’t overharvest, according to Petty.

In the week to Feb 23, there were 40,428 goats slaughtered on Australia’s east coast, up 12% from a week earlier, ac-cording to MLA data released yesterday. — Bloomberg

PARIS: Th e French government will not sell a 10% stake in the Toulouse airport in southern France to a Chi-nese consortium, a deal that would have given it majority control of the fast-growing transport hub, a gov-ernment source said on Monday.

Casil Europe, a holding compa-ny created by China’s state-owned Shandong Hi-Speed Group and the Hong Kong-based Friedmann Pacifi c Asset Management, bought 49.99% of the airport in 2015.

The French government had

an option for selling Casil an ad-ditional 10.01% stake from April, as part of a wave of sales of state-owned assets.

But in December a group of local officials asked Prime Min-ister Edouard Philippe to refrain from selling the stake, accusing Casil of using the airport’s cash reserves to maximise dividend payments instead of investing in its operations.

“We will not cede the 10.01%,” a government source told AFP, con-

fi rming a report by BFM television. “For now we’re not going to move.”

Local governments and the Toulouse Chamber of Commerce, which together own a minority 40% stake in the airport, argued that even though Casil had indeed em-barked on a modernisation plan, the airport needed to have a “public majority for the long term.”

President Emmanuel Macron has vowed to raise €10 billion (RM48.09 billion) by selling state assets and stake holdings to fund a

programme to promote innovation.Th e government has not tipped

its hand on which companies and stakes might be for sale, but analysts say they could include holdings in energy giants EDF and Engie as well as an additional stake in Aeroports de Paris, which runs the Orly and Charles de Gaulle airports.

Th e Toulouse airport had a re-cord 14.6% increase in traffi c last year to 9.2 million passengers, mak-ing it the fi fth-largest in France. — AFP

BY N I S H A G O PA L A N & A N DY M U K H E R J E E

HONG KONG: A lower-than-fore-cast dividend may take some of the shine off Standard Chartered plc’s (StanChart) fi rst payout in two years. Yet investors can pacify themselves by looking at the road ahead: Xi Jin-ping’s move to scrap China’s presi-dential term limits is good news for the London-based bank.

As Xi uses unbridled power to blast ahead with his favourite Belt and Road initiative, StanChart, be-ing even more of a specialist emerg-ing market bank than rival HSBC Holdings Plc, stands to benefit. Particularly in Africa.

For chief executive offi cer Bill Win-ters, this is the right time to bulk up the balance sheet — risk-weighted assets are still 18% lower than in 2014.

After cutting swathes of jobs across Asia and exiting billions of dollars of risky assets accumulated in a drive for growth before 2015, the lender has been garnering higher revenue.

Return on equity has yet to reach halfway to the 8% promised initial-ly by Winters. And at US$3 billion (RM11.73 billion), full-year pre-tax income came in slightly below an-alysts’ estimates. Still, it was almost triple last year’s profi t.

Dividends, suspended for two years when Winters took over the fl oundering ship, have been restored. At 11 US cents a share, they’re well be-low the 20 US cents Goldman Sachs Group Inc had predicted.

But then, HSBC CEO Stuart Gul-liver’s farewell party, where earnings

The People’s Bank of China (PBoC) boosted open-market injec-tions to 730 billion yuan (RM453.56 billion) after the Lunar New Year holidays, spurring the one-month Shanghai Interbank Off ered Rate, a key measure of liquidity levels, to drop to the lowest level since November.

Th e strong liquidity situation con-trasts with the shortage seen during most of last year, when a combination

of monetary and regulatory tight-ening drove funding costs higher, resulting in a fl at — and sometimes even an inverted — yield curve.

The liquidity sweet spot will probably remain in place over the next couple of weeks as the Com-munist Party’s third plenary session and the National People’s Congress — a meeting of the legislature held each year — take place.

In fact, the yield curve is likely to

steepen even further as China’s cen-tral bank typically seeks to ensure market stability during important political gatherings, according to Citic Securities Co.

“Th e PBoC is managing inter-bank liquidity pre-emptively,” said Ming Ming, Citic Securities’ Bei-jing-based head of fi xed income re-search. “Hence, the relatively loose liquidity conditions could end after the meetings end.” — Bloomberg

‘France to block Chinese control of Toulouse airport’

StanChart’s richest dividend just got declared in Beijing

missed and share buy-backs disap-pointed, was also an anticlimax.

Winters, having halved impair-ments to US$1.2 billion in 2017, has more going for him. Credit costs have ebbed to more normal levels as sta-bilising commodity markets stop the hemorrhaging on its Indian and Indonesian loan books.

Th e bank, which draws two-thirds of its revenue from Asia, will also benefi t from Singapore’s nascent re-al-estate recovery and Hong Kong’s strong demand for loans as its proper-ty market keeps scaling new heights.

Once the dividend has become yesterday’s news, it’s really the Africa angle that should excite investors.

With Xi consolidating power in China to a degree not witnessed since Mao Zedong, he’s bound to make a

push for greater infl uence in the re-source-rich continent. It accounts for a mere 3% of the world’s gross domes-ti product now, but has tremendous potential for profi table investments.

That could work very well for StanChart, which, according to Ger-man brokerage Berenberg, has a more prominent footprint within the Belt and Road pathway than rivals: It’s present in 47 of the between 60 and 65 belt-and-road target countries, versus 44 for HSBC. Crucially, within Africa, StanChart is the only global bank with a meaningful presence.

As Bloomberg has argued before, lending to belt-and-road countries is riddled with potholes. A trade fi -nance boom in Africa needs to be counterbalanced by carefully side-stepping the risk of large sovereign

borrowers — like Venezuela in Latin America — turning turtle. Besides, considering that the lender’s regu-latory costs jumped 15% to US$1.3 billion last year, any lending practices that run afoul of US authorities could be risky for shareholders who have just got their dividend back.

Overall, though, Winters is on a strong wicket. For another global bank to try to replicate StanChart’s Africa franchise amid today’s ele-vated capital requirements is next to impossible.

StanChart recently signed a pact with Jack Ma’s Ant Financial to bring fi nanial technology to belt-and-road countries. With Xi set-tling in as potential president for life, hewing to his favourite themes can’t hurt. — Bloomberg

1 8 W O R L D B U S I N E S S WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY

HNA sets up funds for 20 billion yuan One Belt, One Road investmentHONG KONG: A unit of HNA Group Co will lead two funds that will invest 20 billion yuan (RM12.44 billion) in China’s “One Belt, One Road” initiative as the conglomerate shows its support for the government campaign. HNA Capital Group Co, which owns aircraft leas-ing fi rm Bohai Capital Holding Co and online fi nancial plat-form Jubaohui, will back infra-structure and fi nancial services projects in Greater China and Southeast Asia, the company said in an emailed statement yesterday. It will also introduce investors from Asean nations to invest in the projects, it said. — Bloomberg

Russia court orders Hewlett-Packard to pay US$1.9m levyMOSCOW: A Russian court on Monday ruled that the Russian subsidiary of US technology conglomerate Hewlett-Packard (HP) must pay a US$1.9 million (RM7.43 million) levy destined to compensate intellectual prop-erty rights holders. An associa-tion of Russian intellectual prop-erty rights holders collects from companies 1% from the selling price of audio-visual technolo-gy including equipment used to copy and store audio and video data for personal use. Th e levy is meant to compensate artists in a country where rampant piracy makes it diffi cult for performers and fi lmmakers to earn money from their work. — AFP

For Li Ka-shing investors, special dividends are really specialHONG KONG: Billionaire Li Ka-shing’s reluctance to pay extra dividends is disappointing investors again. Hutchison Tel-ecommunications Hong Kong Holdings Ltd shares plunged a record 16% to HK$2.81 (RM1.39) yesterday, a day after the com-pany said proceeds from its HK$14.5 billion sale of fi xed-line assets last year wouldn’t be used to pay out a special dividend for now. Hutchison plans to assess better uses of its cash and the company will consider making a special payout to investors a year later if no opportunity is identifi ed, it said. — Bloomberg

Comcast off ers US$31b to buy pay-TV group Sky, challenges MurdochLONDON: Comcast Corp, the biggest cable operator in the US, off ered to pay US$31 billion (RM121.21 billion) to buy Sky, the European pay-TV group that has agreed to be sold to Rupert Murdoch’s Fox. Comcast, which owns NBC and Universal Pic-tures, said it is off ering £12.50 (RM67.41) per share, signifi cantly higher than the £10.75 per share agreed by Fox. “We would like to own the whole of Sky and we will be looking to acquire over 50% of the Sky shares,” Comcast chief executive offi cer Brian L Roberts said in a statement. — Reuters

I N BR I E FWright sued over US$5b bitcoin mined by colleagueHe is also accused of violating partnership duties to Kleiman

SINGAPORE: One of Noble Group Ltd’s largest sharehold-ers has stepped up criticism of the embattled commodity trader, describing losses as “shocking” and warning the billions in red ink will pile more pressure on in-vestors to agree to a controversial debt-for-equity rescue plan that it opposes.

Th e losses will “erode what lit-tle cash Noble has left, and puts further pressure on stakeholders to accept the restructuring pro-posal”, Goldilocks Investment Co said in a statement, referring to derivative-contract write-downs and fourth-quarter losses on its core business. Th e trader warned last week it will post a loss for the fi nal three months of 2017, which would bring the total for 2017 to almost US$5 billion (RM19.55 bil-lion). While the company wants to get investors to agree to the res-cue, which will hand control of the group to creditors and give man-agement a holding of up to 20%, Goldilocks is leading opposition to the proposal. — Bloomberg

Noble Group holder attacks ‘shocking’ loss

BY J E F F E E L E Y

DELAWARE: Self-proclaimed inven-tor of bitcoin Craig Wright is accused of swindling more than US$5 billion (RM19.55 billion) worth of the cryp-tocurrency and other assets from a computer-security expert’s estate.

Wright, who claimed in 2016 that he created the computer-based cur-rency under the pseudonym Satoshi

SYDNEY: One of the world’s longest fl ights faces a potential chop unless Qantas Airways Ltd and American Airlines Group Inc get their way with US regulators. Th e airlines have asked

Nakamoto, allegedly schemed to use phoney contracts and signa-tures to lay claim to bitcoins mined by colleague Dave Kleiman, another cryptocurrency adherent, who died in 2013, according to a lawsuit fi led by Kleiman’s brother.

Kleiman’s family contends they own the rights to more than one million bitcoins and blockchain technologies that Kleiman mined

and developed during his lifetime and that the assets’ value exceeds US$5 billion, according to the Feb 14 fi ling in federal court in West Palm Beach, Florida.

“Craig forged a series of con-tracts that purported to transfer Dave’s assets to Craig and/or com-panies controlled by him,” lawyers for Kleiman’s family said in the complaint. “Craig backdated these

contracts and forged Dave’s signa-ture on them.”

Australian Wright, residing in London, couldn’t immediately be reached for comment on the suit, which also accuses the entrepre-neur of violating partnership duties to Kleiman and unjustly enrich-ing himself at his colleague’s ex-pense. Th ere is no attorney listed for Wright on the docket. — Bloomberg

One of the world’s longest fl ights faces a potential chopBY A N G U S W H I T L E Y the US Department of Transportation

a second time to approve a joint ven-ture with antitrust immunity to deep-en ties on fl ights across the Pacifi c.

A rejection could mean the end of Qantas’ 17-hour Sydney to Dallas service, requiring a code-share ar-

rangement with American Airlines to be fi nancially viable, the Australian carrier said yesterday. It argues that a knock-back by the regulator would force them to reduce code-sharing and focus only on what’s profi table for their own network. — Bloomberg

HONG KONG: Alibaba’s food-de-livery road map is starting to look a little less grubby. Th e Chinese e-commerce titan is working on a plan to buy the roughly three-quar-ters of Ele.me — which transports meals from restaurants to homes — that it doesn’t already own. Do-ing such a deal simply to challenge Chinese technology outfi t Meituan Dianping would be a costly endeav-our, but it makes more sense if it can enhance Alibaba’s payments, grocery and parcel operations.

Th e business of delivering pre-pared meals is growing quickly in

Alibaba delivery deal could be tasty side dishChina. As of last summer, Meituan Dianping was projecting some 300 billion yuan (RM186.65 billion) worth, or nearly US$50 billion, in 2018. Th at would be more than twice as much as in 2016, and account for 10% of the country’s estimated dining sales.

It’s also something of a glob-al phenomenon with the likes of Uber and Amazon in the ac-tion. GrubHub shares have more than doubled over the past year, including a big leap earlier this month when Yum Brands agreed to buy a small stake in and es-tablished a partnership with the US$8.6 billion (RM33.63 billion) company to distribute its KFC

and Taco Bell fare across the US. Th ere are only morsels available

about Ele.me, but media reports indicate Alibaba could value it at some US$9.5 billion. Th at would be at least 50% higher than a fundrais-ing imputed last May. Ele.me could use the deep pockets after swallow-ing up Waimai, another competitor backed by Chinese search engine operator Baidu. Meituan Dianping, which counts Tencent as an inves-tor, also recently secured another US$4 billion of capital.

Th e cut-throat battle is proving costly. Meituan Dianping’s food-de-livery business has been adding active users more quickly than Ele.

me of late, according to QuestMo-bile. Despite the links to Tencent’s popular WeChat messaging app, though, it remains unprofi table.

Buying out other investors in Ele.me would have to be part of a bigger strategic plan to deliver fi nancial logic for Alibaba. In the-ory, the logistics support should help it further marry online with an expanding bricks-and-mortar portfolio that includes supermarket chain Hema. It should also bene-fi t Alibaba’s Alipay system, which hungry Ele.me customers use to purchase their meals. If all those ingredients come together, it would make for a tasty side dish. — Reuters

BY A L EC M A C FA R L A N E

BY J A S M I N E N G

2 0 W O R L D WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY

China spends US$279b on R&D in 2017 SHANGHAI: China’s total spending on research and de-velopment (R&D) is estimat-ed to have hit 1.76 trillion yuan (US$279 billion or RM1.09 tril-lion) last year, China’s science minister said on Monday, a year-on-year increase of 14%. “China needs to enter the ranks of in-novative countries and become a big technological innovation power by 2050,” minister Wan Gang told a media briefi ng. “Ba-sic research and frontier explo-ration is the big lesson that must be done now,” he said. China has been trying to ease its depend-ence on low-end heavy indus-tries and to develop less-pollut-ing ways to promote economic growth and move up the global value chain. Th e 2017 spending amounts to around 2.1% of total gross domestic product, Reuters calculated. China’s annual R&D spending has risen 70.9% from 2012, Wan noted. — Reuters

New Zealand opposition has fi rst Maori leaderWELLINGTON: New Zealand’s opposition National Party in-stalled its fi rst Maori leader yes-terday, selecting 41-year-old former lawyer Simon Bridges for the top job as it looks to re-invigorate its image after losing last year’s “Jacinda-mania” elec-tion. Bridges campaigned on a platform of generational change after former prime minister Bill English, 56, announced earlier this month that he was leaving the conservative party. Nation-al had faced calls to revamp its leadership after losing last year’s general election. Th e son of a Baptist minister, Bridges has described his family as “deeply religious” and he unsuccessfully voted against allowing gay mar-riage in 2013. — AFP

FedEx won’t drop NRA from discount programmeBENGALURU: FedEx Corp said on Monday it would al-low the National Rifl e Associa-tion (NRA) to continue using a discount programme but said it opposed sales of assault rifl es. Its statement comes as major corporations are under pressure to sever marketing and other ties with the NRA in the after-math of the Feb 14 shooting that killed 17 people at a Florida high school. FedEx said its posi-tion on the issues of gun policy and safety diff er from those of the NRA. Th e shipper supports restricting assault rifl es to the military and opposes allowing civilians to use them. — Reuters

‘Morocco king’s heart surgery successful’RABAT (Morocco): Morocco’s King Mohammed VI under-went successful heart surgery in France on Monday, state news agency MAP said. The 54-year-old king was treated at a Paris clinic after suff ering from a “heart rhythm disorder” on Jan 20, the agency said, add-ing he had been diagnosed with an “atrial fl utter”. — Reuters

I N BR I E FRussia says Eastern Ghouta situation worseningRussian and Syrian military, Damascus offi cials are coordinating their eff orts

BY K A R L I S S A L N A

BY E R WA N LU C A S

A man, carrying an injured boy, walking on the rubble of damaged buildings in the rebel-held besieged town of Hamouriyeh, eastern Ghouta, near Damascus, Syria last Wednesday. Photo by Reuters

MOSCOW: Russia’s defence min-istry warned on Monday that the situation in Syria’s Eastern Ghou-ta was worsening, after bowing to international pressure and calling for a daily “humanitarian pause” in the rebel-held enclave.

While the UN Security Council on Saturday passed a resolution for a 30-day truce, “the situation in Eastern Ghouta is continuing to escalate,” Russia’s defence ministry said in a briefi ng.

Russia, the Syrian regime’s main backer, called a daily “humanitar-ian pause” earlier on Monday af-ter the UN, France and Germany urged President Vladimir Putin to demand Damascus enforce a ceasefi re.

During humanitarian pauses “with the aim of immediately sav-ing the peaceful population,” to run from 9am to 2pm each day starting yesterday, “Syrian gov-ernment forces will cease strikes

JAKARTA: Former general Prabowo Subianto is fi rming as a candidate for Indonesia’s presidential elec-tion, raising the prospect of a rerun of the bitter 2014 race that saw Joko Widodo take power in Southeast Asia’s biggest economy.

In the strongest signal yet, the co-founder of the main opposi-tion party known as Gerindra has indicated that Prabowo would be the party’s nominee for president, something that needs to be fi nalised by August ahead of the April 2019

ROME: Rome woke to its fi rst snow-fall in six years on Monday as chill-ing winds from Siberia swept across Europe, bringing freezing temper-atures that have claimed at least seven lives, disrupted travel and closed schools.

The “Beast from the East”, as Britain’s media have named it, is expected to bring cold air from Russia over the next few days that will make it feel even chillier than thermometers indicate.

Th e toll from the icy weather has been mounting, with two people dying in Poland since Saturday, bringing the winter’s toll to 48 since November, according to the centre for national security.

Th ree people in Lithuania have also died due to exposure over the past three days, the Baltic News Service reported, as weekend tem-

BARCELONA: Blazing fast 5G wireless networks promise to unlock the potential of Internet connected devices, or the Inter-net of things — making driverless cars and talking fridges a reality.

With most European operators targeting 2020 for its rollout, 5G is the term on everyone’s lips at the Mobile World Congress in Barcelona.

How does 5G work? Like the 4G networks currently widely available, 5G is based on radio frequencies like those for wi-fi signals, among others. It will use a higher radio frequency which are not in use and can move data at a much faster speed.

But since higher radio frequen-cies don’t travel as far as lower frequencies, it will rely on dens-er arrays of small antennas and artifi cial intelligence to off er data speeds up to 50 or 100 times faster than current 4G networks.

What can it do? 5G will allow people to send texts, make calls, and browse the web as always — but will dramatically increase the speed at which data is transferred across the network.

This will make it easier to download and upload Ultra HD and 3D video and allow smart-phones to run more complex mo-bile Internet apps.

5G will also make room for the thousands of Internet-connected devices entering our everyday world. — AFP

on terrorists,” Russia said.It said that one humanitarian

corridor has been designated to “al-low the exit of peaceful citizens and the evacuation of sick and wounded from eastern Ghouta.”

Th e public would be informed with leafl ets and text messages, and buses and ambulances would be waiting at the crossing to evacuate the sick and wounded, Moscow said.

It said Russian and Syrian mil-

itary and Damascus offi cials were coordinating the eff orts and urged the rebels’ leaders to de-mine the routes approaching the humanitari-an corridor and “give the public the chance to leave Eastern Ghouta”.

Ahead of the planned pauses in fi ghting, Russia’s defence ministry accused fi ghters from rebel Islamist groups Jaish al-Islam, Ahrar al-Sh-am and terrorist al-Qaeda affi liate Al-Nusra Front of “acting under a single command” and “holding hundreds of hostages, including women and children.”

Moscow also said that Jaish al-Is-lam was continuing mortar attacks on Damascus. — AFP

Indonesia presidential race fi rms vote. Hashim Djojohadikusumo, who is also Prabowo’s brother, said Gerindra had the funds to support a “credible” presidential campaign.

Asked about whether represent-atives of the two men had held talks on a potential unity ticket, Djo-johadikusumo said there’d been “communications,” although not in-itiated by Gerindra. “I would think that the only way that Prabowo would accede to that sort of off er is power sharing,” he said.

A repeat of the 2014 contest would see Widodo, also known as Jokowi, pitted against an opponent

who has sought to build an image of a populist in touch with voters on bread-and-butter issues like education and tackling inequality. While Jokowi is popular in opinion polls, and has focused on improv-ing access to healthcare and infra-structure in the country, he has fallen short of a promise to boost economic growth to 7%.

Jokowi is the fi rst president to come from outside the political elite and the military, while both Prabowo and Djojohadikusumo have strong ties to Indonesia’s dy-nastic families. — Bloomberg

First snowfall in Rome in six years

peratures plunged to minus 24 de-grees Celsius.

In France, where temperatures were forecast to drop to minus 10

degrees Celsius and feel as low as minus 18 degrees Celsius over the coming days, fears ran high for people living on the streets. — AFP

5G, the cornerstone of digital revolution

The Colosseum seen during a heavy snowfall in Rome, Italy on Monday. Picture taken with a fi sheye lens. Photo by Reuters

F E AT U R E 2 1WEDNESDAY FEBRUARY 28, 2018 • THEED G E FINANCIAL DAILY

Singapore sounds optimistic noteBut it sees tough year ahead as Asean chair

The foreign ministers of Asean recently met in Singapore from Feb 4 to 6.

It was the first meeting of regional

foreign ministers since Singapore took over Asean’s rotating chair-manship from the Philippines ear-lier this year. Th e foreign ministers’ retreat is regarded as a “curtain-raiser” to the Asean summit, which will take place in April.

Th e gathering was an opportunity for Asean to collectively chart a direc-tion in line with Singapore’s themes of “resilience” to strengthen Asean member states’ ability to withstand crisis, and “innovation” to increase regional integration and connectivity in areas such as digital technologies.

It also facilitated an exchange of views on regional and internation-al headwinds, which might derail Asean’s agenda in the year ahead.

Singaporean Foreign Minister Vivian Balakrishnan expressed op-timism about Asean’s future, but was clear-eyed about the challenges that lay before the grouping.

Th e city state is well placed to make progress on promoting the region’s digital economy. However, while Singapore is known to punch above its weight economically and diplomatically, old and new chal-lenges should temper expectations in the year ahead.

The economy mattersAn important priority for Asean will be continued economic progress, not least because this has real im-plications for the well-being of its 630 million people.

Many of the region’s working poor remain vulnerable to back-sliding, although important strides have been made in addressing ex-treme poverty.

Better living conditions will like-ly improve local support for further Asean integration and projects.

Brexit has shown the dangers of the lack of public support for su-pranational organisations — Asean must take heed. Increased prosper-ity will also boost the grouping’s geostrategic heft.

To this end, Singapore aims to establish an Asean smart-cities net-work to leverage technological solu-tions to improve the lives of people within Asean countries. It also seeks to boost economic integration and improve regional trade facilitation, especially in e-commerce.

If all Asean member states are to benefi t from such growth, Singa-pore will also have to put in place initiatives to bridge the digital di-vide in the region.

MILAN: The failure of a Lat-vian bank poses an €8 billion (RM38.5 billion) question for the country’s financial sys-tem. That is the amount for-eigners have deposited with lenders in the Baltic nation — equivalent to roughly 30% of gross domestic product.

ABLV, the third-largest bank, is to be wound up af-ter US regulators charged it with money laundering. The cost to local taxpayers will be limited. But it will be harder to contain the fallout for the overall banking system.

T h e A B LV a f f a i r h a s brought financial troubles in the eurozone member to a head. On the surface the lender — which like many domestic peers has taken deposits from former Soviet nations — appeared solid. Its capital and profitability ratios were in line with Euro-pean best practice and it had ample liquidity. But after the US Treasury singled it out as a recipient of illicit financing it lost around a fifth of its €2.7 billion deposit base in a week. At the weekend, the European Central Bank (ECB) declared it as likely to fail.

ABLV, which controls 13% of Latvian banking assets and deposits, will now be wound up in accordance with local laws, the ECB says. Latvian authorities, mindful of the painful 2008 bailout of Parex Bank, do not want to use tax-payers’ money. This might be feasible. Paying back de-posits up to €100,000, which are guaranteed by EU law, should cost €470 million, lo-cal regulators say. At the end of September 2017, ABLV had around €3.6 billion of assets on its balance sheet includ-ing €600 million in cash or the equivalent, €800 million of securities and about €1 billion of loans.

Focusing on the fiscal im-pact risks missing the point, however. Despite persistent evidence of poor compliance among Baltic banks, local regulators and the ECB ap-pear to have been blindsid-ed by ABLV’s collapse. That raises the risk of contagion to other local lenders that have also funded their busi-ness with offshore funding from wealthy Russian-speak-ing neighbours. Foreign de-positors and counterparties may vote with their feet. Even if Latvian authorities push through an overdue clean-up, the question is how much of the €8 billion of overseas deposits will be left when it is over. — Reuters

Navigating between competing powersIn achieving its goals, Asean faces external and internal challenges, including a more assertive China.

Beijing is simultaneously clench-ing its fi st in the South China Sea and off ering an open hand with the prospect of a Sinocentric econom-ic network that could provide vast benefi ts to Asean countries in areas such as infrastructure development, even if concerns are mounting about what this means for Beijing’s broad-er infl uence in the region.

As China expands its footprint in Asia, the US, which for decades brought strategic stability to the region, appears to be distracted at home and schizophrenic abroad.

US President Donald Trump and his advisers appear to have belatedly come to the realisation that “America First” cannot mean “America Alone”, and multilater-alism and a strong international network of allies and partners ac-tually promotes an “America First” agenda.

But Trump has failed to follow through on the need to seek mu-tually benefi cial policies, including on trade and climate change.

His decision to pull out of the Trans-Pacific Partnership (TPP) trade deal and the Paris climate change agreement has sent the unfortunate message that the US is disengaging from Asia and the world.

At Davos last month, Trump sug-gested a willingness to rejoin the TPP if the US was able to strike a “substantially better” agreement. But there appears little appetite among the remaining 11 TPP coun-tries to reopen negotiations.

Internal challengesAchieving a unified position in dealing with great power compe-tition is diffi cult enough, but Asean must also deal with internal issues that threaten to weaken the group’s cohesion.

The most significant issue in this regard is Myanmar’s harsh treatment of the Muslim Rohingya community in Rakhine State. Th e crisis has drawn international con-demnation and frayed Myanmar’s relations with the Muslim-majority nations of Malaysia and Indonesia.

As Asean chair, Singapore will have the diffi cult task of helping stem the ethnic violence and ensur-ing that humanitarian aid reaches displaced Rohingya communities in Myanmar and neighbouring Bangladesh.

Th e Asean Coordinating Centre for Humanitarian Assistance is do-ing important work in this respect, but much more needs to be done. Th e crisis is stretching the region’s capacity to deal with the refugee infl ux, threatening to undermine Asean unity, deepening religious divisions, and increasing the risk of violent extremism.

Singapore’s relationswith ChinaSingapore may find its leader-ship of Asean this year affected by its strained relations with Chi-na, which has criticised the ethnic Chinese-majority state for its close ties with the US and fi rm stance on the South China Sea.

Although Singapore does not take sides on parties’ specific claims, it has critical interests in adherence to international law, freedom of navigation, and Asean unity, which the dispute under-mines.

The testy relations have pro-voked concerns within Singapore’s business community, thereby com-plicating foreign policy toward Chi-na.

Soon after participating in a World Economic Forum event in Dalian where China’s hospitality and beneficence were in full dis-play, this author overheard a Sin-gaporean businessman complain in Hong Kong that the goodwill that the late Singaporean prime

minister Lee Kuan Yew had built up with the Chinese was being squandered by his son, the cur-rent prime minister. He asked what interests Singapore had in the South China Sea.

It was clear that the long reach of China’s “sharp power” also extends to Singapore. China has been trying to influence Singa-pore’s business and even aca-demic communities as well as various clan, cultural, and literary associations.

Pragmatic approachSingapore’s foreign policy has been characterised by its adher-ence to principles and pragma-tism, which it will seek to apply in representing Asean in relations with external partners. Some con-sider these competing approach-es, but one can argue that a prin-cipled approach is a pragmatic one, particularly for countries seeking shelter against the wan-ton exercise of raw power.

Singapore will need to stand fi rm against pressure to bend on issues of principle as Asean chair; its chairman’s statement that took note of the concerns of some min-isters on “land reclamations and activities” in the South China Sea is a good start.

While Singapore is unlikely to budge on principles, it will take a pragmatic approach in how it seeks to communicate them. Singapore’s foreign minister has stressed “quiet but active diplo-macy”. Its senior diplomats insist that Singapore’s message will not change, but it will exercise more care in how it communicates this to other parties.

Whether Singapore will be able to successfully navigate the chal-lenging year ahead is still uncertain. Much will depend on sustained US attention to the region on the security, economic and diplomat-ic fronts.

It will also depend on Singa-pore’s ability to persuade member states to work together to maintain Asean’s relevance and centrality. Th e work has already begun with Asean states reiterating the im-portance of maintaining Asean centrality and unity at the foreign ministers’ meeting.

At stake will be the ability of Ase-an to chart its own course and the very character of the region itself.

Asean and member states must decide whether a region governed by right, not might, is worth de-fending. — Brookings Institution

Dr Lynn Kuok is non-resident fel-low at the Brookings Institution’s Centre for East Asia Policy Studies. Th is commentary fi rst appeared as a Brookings Institution op-ed.

Failure of Latvian bank ABLV raises €8b questionBY L I S A J U C C A

BY LY N N K U O K Balakrishnan was clear-eyed about the challenges that lay before the grouping.

22 live it! W E L L B E I N G . T H E A R T S . W I N E + D I N E . S T Y L E + D E S I G N . L E I S U R E

WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY

PersonalASSISTANTC O M P I L E D BY C L A R I EC E L EO N G

W O R K . L I F E . B A L A N C E

INDULGE in music at the open mic session at The Grind 22. Open Mic Malaysia wraps up February with a line-up of singers, including Dave Singh, Natasha Azlan, and Romlee. If you would like a go at ruling the spotlight, be it with music or with poetry, this is your chance. The open mic session takes place at 8pm tonight, at The Grind 22, which is locat-ed on Lorong Maarof, Bangsar Park, Kuala Lumpur. For registration or bookings, email [email protected].

READ Only Child by Rhiannon Navin. The novel is narrated from the point of view of six-year-old Zach Taylor, and begins with him hiding in a closet with his fi rst-grade class-mates as a mass shoot-er terrorises McKinley Elementary School. While he survives the ordeal, he later fi nds out that his elder brother Andy did not. In the aftermath of the tragedy, Zach’s parents fall apart as they each deal with grief, leaving Zach alone to retreat to his hideout – Andy’s closet, where he turns to his books and art for refuge. The book is available in paperback for RM79.90 and in hardcover for RM128.71 at www.kinokuniya.com.my.

EAT at Vantador for a night of mouth-watering Western cuisine. The restaurant specialises in dry-aged steaks, serving three diff erent kinds of Australian and Tasmanian free range beef, as well as chicken, mutton, and seafood dishes. The menu also off ers a selection of starters and main courses, including pasta, duck confi t, and a risotto. Choose from one of four desserts to round off your meal, and you’ll be sure to have a truly satisfying din-ner. Vantador is located on Jalan 25/70A, Desa Sri Hartamas, Kuala Lumpur, and is open daily from 6pm to 12.30am. For more information, visit www.vantador.co.

A vegetable cookbook penned by a chef described as “the vegetable whisperer” has won the title of Cookbook of the Year.

Winners of the Interna-tional Association of Culinary Profes-sionals Awards were announced over the weekend in Barcelona, Spain, honouring the best in English-language food writ-ing, food journalism, digital media and cookbooks published in 2017.

For his cookbook “Six Seasons: A New Way with Vegetables,” chef Joshua McFad-den of Ava Gene’s trattoria in Portland, Oregon, took top honours — all the more impressive given that the title is his fi rst cookbook.

Spanning six seasons — spring, ear-ly summer, mid-summer, late summer, fall and winter — each chapter starts by working with vegetables in their early, raw form. As the weeks progress, McFadden turns up the heat, showing readers how to grill, steam, sauté, pan roast, braise and stew the seasonal ingredients.

All told, the book features 225 reci-pes like braised eggplant and lamb with yogurt and spiced green sauce; kale and mushroom lasagna; and corn and tomato salad with torn croutons.

For fans of strong, engaging food and travel writing, you might want to earmark some time to read Bianca Bosker’s To-kyo-based story “Why Should a Melon Cost as Much as a Car?” published in Roads & Kingdom, which was named best culinary travel writing.

Looking to be enlightened and moved, or to add more cookbooks to your col-lection? Here are a few of the standout winners from the 2018 edition of the IACP awards. — AFP

Narrative Beverage Writing with or Without Recipes Sam Riches Th e Story of Heady Topper, America’s Ob-session-Driving Double IPAFoodandwine.com March 1, 2017

Culinary Travel Writing Bianca Bosker Why Should a Melon Cost As Much as a Car?Roads & Kingdoms March 27, 2017

Personal Essays/Memoir Writing Taff y Brodesser-Akner Th e Laws of Return SAVEUR August/September 2017

Publication of the Year (Circulation of 300,000 or Less) Th e Coastal Table Karen J. Covey

Th ese are the best

cookbooks and food

stories of 2018

Publication of the Year (Circulation of 300,000 or More) Th e Washington Post Food www.washingtonpost.com/food/Joe Yonan; Bonnie S. Benwick and Matt Brooks

Digital Media Awards Best Corporate Food Instagram Account Healthyish @healthy_ish

Best Personal Food Instagram Account David Hagerman @davehagerman

Culinary Website Serious Eats Ed Levine www.seriouseats.com

Group Blog A TIE BETWEEN EpicuriousEric Gillin; David Tamarkin and the Ed-itors of Epicurious

New Worlder Marie Elena Martinez; Nicholas Gillwww.newworlder.com

Individual Blog Food Nouveau Marie Asselin

Podcast or Radio Show Gimlet Creative & Blue Apron Why We Eat What We Eat

Cookbook AwardsAmerican Salt, Fat, Acid, Heat: Mastering the Ele-ments of Good Cooking Author: Samin Nosrat Editor: Emily Graff Publisher: Simon & Schuster

Baking Candy Is Magic: Real Ingredients, Mod-ern Recipes Author: Jami Curl Editor: Jenny Wapner Publisher: Ten Speed Press

Chefs & Restaurants Cheers to the Publican, Repast and Present: Recipes and Ramblings from an American Beer Hall Author: Paul Kahan with Rachel Holtzman Editor: Lorena Jones Publisher: Lorena Jones Books

Culinary Travel Acid Trip: Travels in the World of Vinegar Author: Michael Harlan Turkell Editor: Michael Sand Publisher: Abrams

The IACP Julia Child First Book Award, Presented by The Julia Child Foundation for Gastronomy and the Culinary Arts Salt, Fat, Acid, Heat: Mastering the Ele-ments of Good Cooking Author: Samin Nosrat Editor: Emily Graff Publisher: Simon & Schuster

International King Solomon’s Table: A Culinary Exploration of Jewish Cooking from Around the World Author: Joan Nathan Editor: Lexy Bloom Publisher: Alfred A. Knopf

Wine, Beer & Spirits, Presented by Kendall-Jackson Champagne: Th e Essential Guide to the Wines, Producers, and Terroirs of the Iconic Region Author: Peter Liem Editor: Kelly Snowden Publisher: Ten Speed Press

Cookbook of the Year, Presented by Cuisinart Six Seasons: A New Way with Vegetables Author: Joshua McFadden with Martha Holmberg Editor: Ann BramsonPublisher: Artisan Books

TABLE TOP

live it! 23

W E L L B E I N G . T H E A R T S . W I N E + D I N E . S T Y L E + D E S I G N . L E I S U R E

WEDNESDAY FEBRUARY 28, 2018 • THEED G E FINANCIAL DAILY

TRAVEL BY LY N N E T T Y I P

Five Instagram-worthy and unusual luxury boutique hotels in Malaysia

The Majestic Malacca, MalaccaSize: 54 roomsA prosperous commercial hub where mer-chants from around the world met and European powers ruled, Malacca’s history is extremely diverse. Th is restored 1920s Straits Settlement mansion, adorned with original porcelain tiles, antiques, silks and teakwood furniture, is a top-notch embod-iment of that East-meets-West heritage.

Peranakan culture, a blend of Chinese and Malay infl uences, is featured exten-sively here, from the cuisine to the hotel’s award-winning spa (bird’s nest facial, an-yone?).

For foodies, don’t leave without partak-ing in the interactive culinary experience with Th e Majestic’s chef Melba and learn how to whip up Malaccan-Portuguese (also known as Kristang) dishes.

FROM chain hotels and beach resorts to youth hostels and budget inns, hotels are a dime and dozen here in Malaysia and we don’t blame you for wanting something not of a cookie cutter mould. Malaysia is also home to boutique hotels, intimate in scale, distinctly unusual and full of personality. With each having a story to tell, we recommend you to enjoy a stay at one of these boutique hotels. — South China Morning Post

Pangkor Laut Resort, PerakSize: 143 roomsJust a 15-minute speedboat ride across the sleepy island of Pangkor, this collec-tion of luxury wooden villas is surrounded by lush rainforests, white sandy beaches and emerald waters. Before the resort’s opening in 1985, this secluded haven was the hideout for Spencer Chapman, a top British commando, in 1945.

Th e island was so memorable to Chap-man, he detailed his time here in his book,

Th e Jungle Is Neutral, after his escape from the occupying Japanese army.

For a true retreat experience, complimen-tary wi-fi is limited to the reception area so guests can enjoy the island’s natural wonders, including the sociable oriental pied hornbills.

In the evenings, take a stroll at Emerald Bay; it was where Chapman made his last escape. Th en enjoy a tipple at Chapman’s Bar while listening to the gentle waves. We can see why renowned tenor, the late Pavarotti declared this spot a paradise.

The Edison George Town, PenangSize: 35 roomsWith a colourful 500-year trading history, it’s no surprise that George Town is rec-ognised as a Unesco World Heritage Site and it is fi tting that this colonial mansion, with an equally illustrious background to match, is found in Penang’s capital.

Initially built as a residence for a tycoon in 1906, it was turned into an administra-

tive building for the Japanese army during World War II and was subsequently con-verted into a hotel after the war. A trans-formation in 2014 saw the introduction of Th e Edison where cultural heritage meets period furnishings and artisanal details.

Th e rooms are decked out in contempo-rary colours and handcrafted elegance. You’ll be hard-pressed not to unwind at the serene central courtyard with a cocktail in hand.

Tanjong Jara Resort, TerengganuSize: 100 roomsTh e best of nature and tradition meet on the east coast where 17th century Malay palace-inspired suites overlook a golden beach, tall palm trees and the glorious South China Sea.

Th is sanctuary runs on the Malay concept of Sucimurni, focusing on the purity of spirit, health and well-being, so get ready to take a

break and connect with nature and culture. Take a breezy walk on the beach, go trekking in the jungles, join a cooking class, explore the reefs around Tenggol Island, cycle to vil-lages ... there’s bound to be something that tickles your fancy. No stay here is complete without trying the Kampong Sucimurni Lifestyle where guests experience Malay lifestyles and Terengganu’s rich traditions at the resort’s seafront garden every Saturday.

Cameron Highlands Resort, PahangSize: 56 roomsAt the highest point of Peninsular Malay-sia where tea plantations and strawberry farms are a common sight, this charming country house is the extension of a cottage dating back to the 1930s.

If the colonial splendour, romance and nostalgia aren’t enough to draw you here, this location also tells the story of one of Southeast Asia’s greater unsolved myster-

ies — the 1967 disappearance of American businessman and architect Jim Th ompson. A prominent fi gure in this region for re-viving interest in Th ailand’s silk industry, it was said that nature-loving Th ompson went for a mid-afternoon stroll after church on Easter Sunday and never came back.

During your stay here, go for the Jim Th ompson Mystery Trail activity and make sure you return for the delectable after-noon tea in the Jim Th ompson Tea Room.

2 4 S P O RT S WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY

Beijing spends big for 2022 OlympicsNew stadiums, expressways and three separate Olympic villages are coming to life

BY RYA N M C M O R R O W

BY Y E M E L I O R T EG A

India dumps sari for trousers at Common-wealth Games ceremonyNEW DELHI: India’s women athletes will for the fi rst time wear trousers and a blazer in-stead of a traditional sari at the Commonwealth Games open-ing ceremony in Australia, a move that has pitted reformers against traditionalists. Many Indian women competitors have welcomed the dark blue blazer and trousers that the Indian Olympic Association said was introduced at the re-quest of the country’s athletes’ commission. But female stars like badminton ace PV Sindhu and wrestler Sakshi Malik, both Olympic medallists, prefer the time-honoured sari, a flow-ing dress draped around the body. “We always feel happy and proud when we wear a sari during the opening ceremo-nies,” Malik told the Mail Today newspaper. — AFP

‘Wenger should leave Arsenal at the end of season’BENGALURU: Former Arsenal striker Ian Wright has launched a scathing attack on the club’s manager Arsene Wenger, saying he could not make a case for the Frenchman to extend his reign beyond this season. Arsenal lie 27 points behind leaders Man-chester City in sixth position and were beaten 3-0 by Pep Guar-diola’s side in Sunday’s League Cup fi nal, leaving the Europa League as their only realistic trophy target following an early FA Cup exit. Wright, who played 213 games in seven years at Ar-senal, says the club was stagnat-ing well before the League Cup fi nal drubbing. — Reuters

Formula E to show races live on Twitter in JapanBARCELONA: Formula E races will be streamed live on Twitter in Japan from the next ePrix in Mexico this weekend, the elec-tric series announced yesterday. “Th is partnership with Twitter is a fi rst for the series and an area we are looking to expand in the future,” Formula E’s media and business development director Ali Russell said in a statement. Japan is an important market for the series with Nissan set to enter next season and some of the country’s top drivers, such as last year’s Indianapolis 500 winner Takuma Sato, competing in the past. — Reuters

USGA ends 18-hole play-off format for US OpensNEW YORK: Th e US Golf Asso-ciation (USGA) said on Mon-day it would no longer hold 18-hole play-off s for its four Open championships, saying it was responding to demand for its tournaments to be settled on Sundays. A statement from the USGA said that from now on, the US Open, US Women’s Open, US Senior Open and US Senior Women’s Open would instead be decided by a two-hole ag-gegrate play-off in the event of a tie after 72 holes. — AFP

I N BR I E F

MEXICO CITY: Th e crowd goes wild as the masked wrestlers toss each other around the ring in col-ourful spandex.

But this is no ordinary Mexi-can “lucha libre” match: it is the “War of the Sexes,” in which three women wrestlers battle three far bigger men.

Mixed matches like this, which emerged on the wildly popular pro wrestling scene some 20 years ago, could be a metaphor for gender relations in Mexico — a country with a deep tradition of machismo, where women are fi ghting for equal rights even as thousands of them are raped and murdered each year.

“Get back in the kitchen, you damn hag!” yells a fan in the stands in an expletive-strewn out-burst, as a wrestler called Moon-beam, decked out in a sequined leotard and tall boots, throws a left hook at her hulking opponent, Nazi Warrior.

Instead of getting upset, Moon-beam says it is “very beautiful” when male fans hurl insults at her.

“It means you are doing a good job. You’re provoking them and giving them an outlet for their stress,” she says.

“Th ey take out their frustra-tion by yelling at you,” instead of shouting at or hitting their wives when they get home, she tells AFP.

Moonbeam, a 42-year-old mother of three, says she loves fi ghting in mixed matches, which she sees as a “power struggle.”

“We want to show the public and our opponents that we can do this too. You do not have to be a big, strong man. We are skilled, we know how to fi ght a match, and we can beat them.”

Her record backs her up: she has beaten nearly 70 men in her 15-year career. — AFP

Mexican women wrestlers wage war of sexes in ‘lucha libre’ ring

CHONGLI (China): Villages are be-ing razed in northern China. Moun-tains are being cut to size. And new stadiums, high-speed train lines, expressways and three separate Olympic villages are coming to life.

With the Pyeongchang Games in South Korea having wrapped up on Sunday, the focus turns to Beijing as China spends big to host its fi rst Winter Olympics in 2022.

PARIS: Multiple Olympic champion Usain Bolt will line up opposite Brit-ish pop star Robbie Williams in a charity football match at Manches-ter United’s Old Traff ord stadium, the Jamaican revealed yesterday.

Now retired, Bolt had given a teaser of what was to come on Twit-ter on Monday, claiming that he had signed for a football club and would reveal all 24 hours later.

Well, his new team is the Soccer Aid World XI — a motley crew put together to help raise funds for the UN Children’s Fund, Unicef.

Not only had football-mad Bolt, the fastest man alive, been recruited

for the match, but he comes straight into the team as captain, with for-mer Take Th at star Williams leading out an England side in opposition.

Speaking on a publicity clip pub-lished by Bolt, 31, on his Twitter ac-count yesterday, Williams, decked out in an England shirt, says the match will feature “celebrities, leg-ends and a brand new captain for Soccer Aid World XI”.

Manchester United fan Bolt then appears and adds: “Robbie, let me entertain you,” in a reference to Williams’s hit 1998 song of the same name.

Th e promotional video features

the likes of Brazilian great Ronald-inho and Real Madrid coach Zine-dine Zidane, as well as American comedy actor Will Ferrell.

Soccer Aid aims to raise money to help children around the world and organises charity matches featuring celebrities and former football stars.

This match will be played on June 10, just before the World Cup gets underway in Russia.

Bolt is an eight-time Olympic champion, 11-time world cham-pion and holds the world records in the 100m and 200m.

Williams is the best-selling Brit-ish solo artist in the UK. — AFP

BANGKOK: Unsung outside the box-ing world, a Th ai fi ghter nicknamed the “dwarf giant” is quietly closing in on Floyd Mayweather’s undefeated 50 fi ght record and with it an unlike-ly place among the sport’s greats.

At 1.57m and weighing just 47.6kg, minimum-weight Wan-heng Menayothin is shorter, leaner

Still four years out, the tab for the Games has ticked upwards, with out-lays appearing to eclipse the budget in Beijing’s winning bid by at least half a billion dollars, according to an AFP review of government requests for the massive project.

Beijing won the Games for its willingness to spend. For the 2008 Summer Olympics the na-tion poured in an estimated US$40 billion.

Th at event amounted to a stun-

ning coming out party for the rising giant — but afterwards many of the venues sat empty.

Beijing has pledged this time will be diff erent, with offi cials drum-ming up sustainable development and post-Olympics plans for the heap of new facilities.

But in Chongli, where snow-board and ski events like the half-pipe will run, thousands of farmers are being pushed from their land.

In Taizicheng village, the site of

a planned Olympic village, mam-moth train station and snow town, only soil remains where villagers’ homes once stood.

Up the valley, the brick and red-tiled roof homes of Qipanliang vil-lage where 300 families once lived were abandoned earlier this year and are set to be demolished.

A new expressway and high-speed train for whisking athletes to events will cut through the area. — AFP

Bolt faces Williams in charity football

Undefeated Thai ‘dwarf giant’ is one win from Mayweather recordBY J O E F R E E M A N and signifi cantly less wealthy than

“Money” Mayweather, the brash American who was teased from retirement last year by a US$100 million (RM391 million) purse to fi ght MMA star Conor McGregor.

But this spring Wanheng could tie Mayweather’s 50-0 record and enter boxing lore. His 50th bout in April or May is set to be against Pan-ama’s Leroy Estrada in Th ailand, a

low-key aff air that will be followed by fans and boxing enthusiasts, but not the global audience drawn to the cross-discipline spectacle be-tween Mayweather and McGregor.

Th e milestone is generating box-ing buzz in a country that is better known for Muay Thai, the king-dom’s boxing-style martial art that also allows kicking, kneeing and elbows to the head. — AFP

Source : Boxrec.com/AFP Photo

Closing in on the Mayweather recordLittle known Thai boxer Wanheng Menayothin is chasing Floyd Mayweather’s undefeated 50-fight record

Nickname: “dwarf giant” Nickname: “money”

Floyd MayweatherWanheng Menayothin

United States

41 years oldThailand

32 years old

Debut:

Height:

Stance:

Division:

Oct 1996

1.73 m

Orthodox

Welterweight

(66.7 kg)

Super welterweight

(69.9 kg)

Debut:

Height:

Stance:

Division:

Jan 2007

1.57 m

Orthodox

Minimumweight

(47.6 kg)

50 wins, undefeated27 knockouts

49 wins, undefeated17 knockouts

2 5


YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

Bursa Malaysia Main Market YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

Bursa Malaysia

KLSE COMPOSITE 1,871.46 11.38 0.61

KLSE INDUSTRIAL 3,246.93 27.16 0.84

CONSUMER PRODUCT 678.36 -0.13 -0.02

INDUSTRIAL PRODUCT 182.75 1.30 0.72

CONSTRUCTION 308.62 0.05 0.02

TRADE & SERVICES 237.18 0.76 0.32

KLSE FINANCIAL 18,299.16 201.41 1.11

KLSE PROPERTY 1,186.50 -2.48 -0.21

KLSE PLANTATION 8,076.13 1.86 0.02

KLSE MINING 1,086.16 -24.32 -2.19

INDICES CLOSE +/- %CHGTECHNOLOGY 38.80 -0.21 -0.54

FTSE BURSA 100 13,047.54 71.39 0.55

FTSE BURSA MID 70 16,333.13 62.62 0.38

FTSE BURSA SMALL CAP 16,938.18 -71.58 -0.42

FTSE BURSA FLEDGLING 18,722.58 -34.20 -0.18

FTSE BURSA EMAS 13,348.96 64.04 0.48

FTSE BUR M’SIA ACE 6,344.45 -81.26 -1.26

FTSE BUR EMAS SHARIAH 13,585.27 50.95 0.38

FTSE BUR HIJRAH SHARIAH 14,996.65 73.66 0.49

FTSE/ASEAN 40 12,301.94 -9.13 -0.07

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS 0.725 0.380 0.450 0.420 7120 ACOSTEC 0.420 -0.005 65.1 0.425 — — 74.7 5.800 4.435 5.560 5.320 7090 AHEALTH 5.510 0.210 121.3 5.477 14.52 2.18 645.5 24.759 13.483 23.200 22.600 2658 AJI 22.980 0.560 75 22.98 7.48 1.83 1,397.2 0.390 0.240 — — 7051 AMTEK 0.285 — — — — — 14.2 5.202 4.200 4.380 4.270 6432 APOLLO 4.380 0.080 18.4 4.292 22.72 5.71 350.4 1.110 0.800 — — 7722 ASIABRN 0.880 — — — — — 69.6 3.413 2.540 2.890 2.800 7129 ASIAFLE 2.800 0.130 1297 2.854 8.71 5.71 545.3 47.546 28.000 29.960 28.000 4162 BAT 28.000 -1.800 586 28.90 16.22 6.04 7,994.8 0.120 0.050 0.055 0.050 7243 BIOOSMO 0.055 UNCH 75 0.054 — — 43.7 0.718 0.470 0.520 0.500 9288 BONIA 0.515 0.005 743.8 0.512 16.72 2.43 415.2 1.110 0.850 0.980 0.955 7174 CAB 0.970 -0.005 1167.1 0.966 6.89 0.52 606.0 1.370 0.380 1.120 1.060 7154 CAELY 1.080 -0.020 490.8 1.086 49.32 0.93 86.4 0.415 0.260 — — 7128 CAMRES 0.365 — — — 17.63 2.74 71.8 18.400 13.399 18.400 18.240 2836 CARLSBG 18.380 0.280 170 18.31 25.41 4.13 5,619.6 1.300 0.607 1.290 1.240 7035 CCK 1.270 0.010 2679 1.271 13.82 1.57 400.5 3.050 1.943 3.050 2.910 7148 CCMDBIO 3.000 0.130 1426.5 2.991 21.35 2.17 836.9 2.520 2.000 2.080 2.070 2828 CIHLDG 2.080 -0.050 12 2.076 10.20 3.85 337.0 0.145 0.020 0.100 0.090 5188 CNOUHUA 0.100 UNCH 237 0.097 — — 66.8 3.200 2.042 2.600 2.540 7205 COCOLND 2.600 0.050 30.2 2.558 14.74 5.96 594.9 1.906 1.490 1.610 1.590 7202 CSCENIC 1.590 -0.010 36 1.596 15.62 6.29 191.6 0.095 0.010 — — 5214 CSL 0.010 — — — — — 12.4 0.773 0.475 0.510 0.500 9423 CWG 0.500 -0.010 27 0.508 0.25 3.00 63.1 0.045 0.025 0.040 0.030 7179 DBE 0.035 UNCH 39308.5 0.035 — — 93.7 1.040 0.807 — — 7119 DEGEM 0.985 — — — 12.33 2.54 132.0 69.980 51.535 69.980 68.200 3026 DLADY 69.900 2.200 29.7 69.82 33.25 1.43 4,473.6 0.110 0.065 0.080 0.075 7182 EKA 0.080 UNCH 904.8 0.080 — — 25.0 0.360 0.210 0.220 0.215 9091 EMICO 0.215 -0.005 41 0.215 — — 20.6 1.823 1.230 — — 7149 ENGKAH 1.230 — — — 62.12 4.88 87.0 0.320 0.150 0.320 0.305 7208 EURO 0.310 -0.005 14346.1 0.311 — — 82.9 0.760 0.625 — — 7094 EUROSP 0.700 — — — 31.96 — 31.1 31.000 22.294 30.800 30.540 3689 F&N 30.660 0.140 203.8 30.66 37.09 1.88 11,245.4 1.070 0.815 0.950 0.865 2755 FCW 0.950 0.100 11.7 0.905 — 1.58 237.5 0.850 0.445 0.470 0.465 8605 FFHB 0.470 0.010 28 0.466 11.01 2.55 51.2 2.040 0.830 1.970 1.930 9172 FPI 1.930 -0.010 968.9 1.940 13.92 3.11 477.4 1.100 0.720 — — 7184 G3 0.755 — — — — — 311.4 2.200 0.869 1.900 1.860 5102 GCB 1.870 -0.020 172.7 1.873 10.03 1.34 897.9 3.440 2.600 3.070 3.050 5606 GOLDIS 3.060 -0.010 18.1 3.060 8.65 0.65 1,871.3 0.135 0.045 0.070 0.060 5187 HBGLOB 0.070 0.005 670.1 0.061 14.29 — 32.8 21.520 16.282 21.100 20.920 3255 HEIM 21.100 0.080 102.2 21.00 23.60 4.27 6,374.3 11.320 8.799 11.320 11.220 3301 HLIND 11.220 -0.020 125.6 11.26 25.81 3.12 3,679.1 0.975 0.725 0.775 0.770 5160 HOMERIZ 0.770 UNCH 66.8 0.770 7.96 5.45 231.0 0.380 0.300 0.360 0.355 7213 HOVID 0.360 0.005 590.6 0.359 — — 295.5 1.237 1.050 1.110 1.080 5024 HUPSENG 1.110 0.020 106.7 1.093 19.96 5.41 888.0 0.630 0.350 0.400 0.400 8478 HWATAI 0.400 0.005 26.1 0.400 28.17 — 29.9 4.760 1.440 1.790 1.710 5107 IQGROUP 1.780 0.020 83.1 1.739 9.10 6.18 156.7 1.546 1.121 1.300 1.250 7152 JAYCORP 1.260 0.010 42 1.268 6.88 8.73 172.9 0.740 0.435 — — 8931 JERASIA 0.455 — — — 12.64 — 37.3 1.715 1.160 1.250 1.220 7167 JOHOTIN 1.230 -0.020 747.3 1.233 8.86 2.75 381.9 2.293 1.030 1.090 1.070 5247 KAREX 1.080 UNCH 855.1 1.080 45.00 0.93 1,082.6 3.800 2.580 2.700 2.640 7216 KAWAN 2.640 -0.060 38.5 2.642 31.17 0.71 949.1 0.225 0.130 0.145 0.140 8303 KFM 0.140 UNCH 98.8 0.145 — — 9.6 0.907 0.665 0.685 0.665 6203 KHEESAN 0.685 0.005 3.5 0.676 22.46 2.19 71.2 2.537 1.860 — — 7062 KHIND 1.930 — — — 34.90 0.52 77.3 2.184 1.275 — — 0002 KOTRA 1.860 — — — 18.94 2.15 248.5 0.140 0.055 0.100 0.095 5172 KSTAR 0.100 0.005 1296.7 0.096 — — 29.3 5.635 3.680 3.840 3.680 7006 LATITUD 3.720 -0.330 562.2 3.738 9.26 3.23 361.6 1.090 0.870 0.970 0.955 9385 LAYHONG 0.970 0.005 2468.7 0.961 19.09 0.52 610.8 0.620 0.290 0.620 0.570 8079 LEESK 0.595 0.030 3717.2 0.599 16.39 1.68 99.9 4.303 2.900 3.190 3.140 7089 LIIHEN 3.160 0.020 112.1 3.170 7.73 5.06 568.8 0.820 0.565 0.585 0.580 7126 LONBISC 0.580 -0.005 114.6 0.583 13.88 — 108.2 1.866 1.000 — — 7085 LTKM 1.020 — — — 28.41 2.45 132.7 7.728 4.090 4.830 4.550 7087 MAGNI 4.550 -0.270 252.6 4.642 6.85 3.08 740.4 0.045 0.010 0.020 0.020 5189 MAXWELL 0.020 UNCH 17769.8 0.020 — — 8.0 1.266 0.983 1.060 1.060 5886 MBG 1.060 UNCH 5 1.060 17.26 2.83 64.4 2.464 1.360 2.200 2.050 3662 MFLOUR 2.050 -0.120 1012.6 2.113 13.55 3.17 1,128.1 0.920 0.720 0.770 0.760 7935 MILUX 0.770 0.050 26.9 0.764 — — 41.9 4.956 3.760 3.950 3.940 5202 MSM 3.940 -0.010 17.3 3.950 — 3.55 2,769.7 0.035 0.030 — — 5150 MSPORTS 0.035 — — — — — 21.2 1.826 1.250 1.310 1.300 3921 MWE 1.300 0.010 134 1.301 2.18 1.54 301.0 124.00 73.04 122.70 121.90 4707 NESTLE 122.100 0.100 172.5 122.18 44.34 2.21 28,632.5 4.838 3.260 3.280 3.260 7060 NHFATT 3.260 -0.050 7 3.273 10.98 3.37 245.0 0.130 0.050 0.055 0.055 7139 NICE 0.055 UNCH 280 0.055 — — 18.3 0.310 0.180 0.220 0.205 7215 NIHSIN 0.215 0.010 3755.9 0.215 61.43 — 69.1 0.852 0.500 0.585 0.510 5066 NTPM 0.520 0.010 3865.4 0.522 13.33 4.62 584.1 1.765 0.970 1.100 1.070 7107 OFI 1.070 UNCH 36.1 1.071 15.69 3.74 256.8 6.768 6.258 6.470 6.450 4006 ORIENT 6.460 -0.010 108.8 6.459 9.10 3.10 4,007.7 5.500 2.689 5.200 5.070 7052 PADINI 5.130 -0.220 2173.2 5.123 21.09 1.95 3,375.1 40.631 30.301 34.000 33.680 3719 PANAMY 33.680 -0.140 12 33.92 16.92 3.47 2,045.9 0.654 0.395 — — 5022 PAOS 0.395 — — — 46.47 4.05 71.6 0.650 0.300 0.330 0.325 9407 PARAGON 0.325 -0.005 14.6 0.328 — — 22.8 0.401 0.210 0.340 0.310 6068 PCCS 0.310 -0.020 1431.5 0.322 6.97 — 65.1 0.975 0.760 0.780 0.775 5231 PELIKAN 0.780 -0.005 41.5 0.780 18.71 — 431.6 0.707 0.561 0.625 0.595 9997 PENSONI 0.625 0.010 0.3 0.605 10.79 3.20 81.0 0.235 0.155 0.175 0.165 4081 PMCORP 0.175 0.005 26.1 0.165 — — 135.3 0.781 0.457 0.605 0.605 5080 POHKONG 0.605 0.005 75.2 0.605 7.50 1.65 248.3 2.048 1.430 1.580 1.550 7088 POHUAT 1.580 0.040 155.9 1.568 6.05 4.43 368.2 18.700 16.090 18.700 17.680 4065 PPB 18.180 0.460 681.8 18.21 16.26 1.38 21,552.4 0.720 0.480 — — 7190 PPG 0.540 — — — — 3.70 54.0 1.623 0.550 0.765 0.710 8966 PRLEXUS 0.715 -0.035 420.8 0.722 6.64 3.15 128.8 1.133 0.752 1.050 1.030 7134 PWF 1.050 0.010 79 1.039 9.24 3.27 181.6 2.615 1.630 1.700 1.670 7237 PWROOT 1.670 -0.030 180.3 1.683 15.32 6.89 551.4 4.980 3.820 4.950 4.910 7084 QL 4.930 -0.020 548.7 4.932 39.50 0.66 7,998.6 0.628 0.510 0.550 0.550 9946 REX 0.550 UNCH 4 0.550 54.46 0.91 135.6 1.868 0.771 0.860 0.835 0183 SALUTE 0.845 0.005 2920.9 0.850 20.92 2.84 327.9 1.069 0.430 0.500 0.470 5252 SASBADI 0.500 0.025 3116.7 0.484 25.64 1.34 209.5 0.590 0.315 0.460 0.450 5157 SAUDEE 0.450 -0.015 106.2 0.457 35.43 — 59.4 1.710 1.000 1.590 1.560 7180 SERNKOU 1.590 -0.010 24.9 1.572 63.60 — 190.8 1.340 0.590 0.820 0.800 7165 SGB 0.820 0.015 120.4 0.805 — — 162.6 1.614 1.060 1.070 1.070 7412 SHH 1.070 UNCH 14 1.070 10.16 4.67 53.5 1.034 0.570 0.655 0.625 7246 SIGN 0.640 0.030 1375.7 0.640 7.85 3.91 153.8 0.915 0.473 0.525 0.480 8532 SINOTOP 0.500 UNCH 255.7 0.493 68.49 — 197.4 0.865 0.480 0.600 0.505 9776 SMCAP 0.570 0.090 402.1 0.577 — — 34.8 0.385 0.220 — — 7943 SNC 0.320 — — — — — 21.1 2.548 2.130 2.400 2.370 7103 SPRITZER 2.400 0.060 36.1 2.381 19.34 2.41 504.0 1.440 1.050 1.220 1.220 7186 SWSCAP 1.220 0.030 1 1.220 20.64 0.82 178.0 0.630 0.335 0.360 0.355 7082 SYF 0.360 UNCH 729.9 0.360 8.85 4.17 222.9 0.470 0.360 — — 7211 TAFI 0.390 — — — — — 31.2 1.928 1.290 1.710 1.710 4405 TCHONG 1.710 UNCH 2 1.710 — 1.17 1,149.1 0.687 0.345 0.410 0.390 7200 TEKSENG 0.400 0.020 2675.7 0.400 — 5.00 139.3 1.140 0.850 0.990 0.960 7252 TEOSENG 0.990 0.035 125 0.981 — 1.52 297.0 1.455 1.080 — — 9369 TGL 1.180 — — — 12.98 4.24 48.1 1.020 0.440 — — 7230 TOMEI 0.675 — — — 5.77 — 93.6 0.510 0.370 — — 7176 TPC 0.405 — — — — — 94.7 6.980 4.700 6.650 6.480 4588 UMW 6.490 -0.200 2363.2 6.545 — — 7,582.2 2.680 2.019 2.500 2.460 7757 UPA 2.460 -0.040 4 2.480 3.21 3.25 195.8 2.470 0.854 1.690 1.620 7203 WANGZNG 1.690 0.070 84.4 1.660 18.61 2.37 270.4 0.210 0.060 0.190 0.180 5156 XDL 0.180 -0.010 5242.3 0.183 24.00 — 243.4 0.665 0.365 0.580 0.575 7121 XIANLNG 0.580 0.005 15 0.576 — — 46.4 0.110 0.020 — — 5155 XINQUAN 0.055 — — — — — 26.7 2.822 2.100 2.200 2.180 5584 YEELEE 2.190 0.010 149.9 2.191 10.95 2.05 419.6 1.522 1.009 1.070 1.040 5159 YOCB 1.040 -0.010 305.1 1.058 7.52 4.81 166.4 3.190 2.064 2.580 2.560 7178 YSPSAH 2.560 -0.010 48.7 2.568 12.69 2.73 350.1 2.111 1.460 1.690 1.670 5131 ZHULIAN 1.680 -0.030 33.4 1.680 14.63 3.57 772.8INDUSTRIAL PRODUCTS 1.393 0.930 1.130 1.100 0012 3A 1.100 -0.030 1096 1.116 12.61 1.64 541.2 0.210 0.090 — — 7086 ABLEGRP 0.120 — — — — — 31.7 0.430 0.210 0.300 0.300 7131 ACME 0.300 -0.030 2 0.300 9.52 — 65.5 0.975 0.520 0.555 0.555 7191 ADVENTA 0.555 -0.035 7.8 0.555 616.67 — 84.8 2.307 1.900 1.920 1.920 9148 ADVPKG 1.920 -0.020 3 1.920 21.97 3.13 39.4 0.220 0.130 0.150 0.140 7146 AEM 0.150 UNCH 2.8 0.150 187.50 — 44.9 0.580 0.375 — — 5198 AFUJIYA 0.500 — — — 18.45 — 90.0 0.595 0.365 — — 2682 AISB 0.395 — — — 4.91 — 57.0 0.913 0.550 0.600 0.580 7609 AJIYA 0.580 -0.010 205.1 0.591 13.62 3.45 176.7 0.495 0.080 0.320 0.320 9954 AKNIGHT 0.320 UNCH 1.5 0.320 — — 18.6

1.694 0.785 0.840 0.840 2674 ALCOM 0.840 -0.010 13.5 0.840 7.27 24.40 112.8 1.070 0.375 0.530 0.525 4758 ANCOM 0.530 UNCH 108.1 0.526 6.18 — 116.0 3.980 2.170 3.830 3.740 6556 ANNJOO 3.800 UNCH 1999.5 3.790 9.37 5.00 2,053.6 0.551 0.070 0.085 0.075 9342 ANZO 0.080 UNCH 2133.1 0.080 133.33 — 70.5 1.160 0.890 — — 5568 APB 0.950 — — — 28.11 6.84 107.2 4.090 3.349 3.600 3.570 5015 APM 3.570 -0.030 4.5 3.587 16.86 4.06 719.7 1.185 0.800 0.880 0.880 7214 ARANK 0.880 0.005 122.6 0.880 7.10 3.69 105.6 1.278 0.693 1.060 1.030 7162 ASTINO 1.030 -0.010 983.5 1.039 7.34 0.97 282.3 1.185 0.647 1.050 0.990 7099 ATTA 0.995 -0.025 978.5 1.017 4.21 7.94 154.4 0.470 0.195 — — 7181 ATURMJU 0.215 — — — — — 13.1 2.522 1.710 1.880 1.880 8133 BHIC 1.880 UNCH 2 1.880 5.22 2.66 467.1 0.570 0.330 0.390 0.380 7005 BIG 0.380 0.005 102.4 0.383 — — 18.3 0.580 0.115 0.425 0.420 7187 BKOON 0.425 UNCH 52 0.424 37.95 — 122.0 1.091 0.770 0.785 0.780 0168 BOILERM 0.785 0.005 34.1 0.780 19.33 1.91 405.1 1.900 1.120 1.210 1.160 6297 BOXPAK 1.210 0.080 46.5 1.201 — — 145.3 1.531 0.950 1.000 0.980 5100 BPPLAS 1.000 -0.010 102.3 0.991 14.04 8.00 187.7 0.316 0.235 0.260 0.240 9938 BRIGHT 0.255 0.010 787.9 0.253 — — 52.4 0.800 0.305 — — 7221 BSLCORP 0.615 — — — 18.14 — 60.3 0.365 0.210 0.235 0.220 7188 BTM 0.225 -0.005 1249.8 0.223 41.67 — 30.7 3.489 2.660 2.880 2.850 5105 CANONE 2.860 0.010 74 2.864 7.76 1.40 549.6 0.035 0.005 — — 5229 CAP 0.010 — — — — — 13.6 2.132 1.640 1.720 1.690 7076 CBIP 1.700 UNCH 37.5 1.705 9.32 3.53 915.0 2.350 1.283 2.270 2.200 2879 CCM 2.220 -0.040 43.8 2.238 45.03 6.76 372.3 1.750 1.380 — — 8435 CEPCO 1.450 — — — — — 64.9 1.240 1.020 1.070 1.070 8044 CFM 1.070 UNCH 2.5 1.070 — — 43.9 1.896 1.574 1.710 1.680 5007 CHINWEL 1.680 -0.080 4.8 1.705 9.63 4.05 503.2 2.690 1.690 2.650 2.620 5797 CHOOBEE 2.640 0.030 170.7 2.636 8.09 2.27 290.1 1.150 0.940 — — 8052 CICB 1.000 — — — 23.87 — 50.0 0.070 0.040 0.050 0.050 7018 CME 0.050 UNCH 237 0.050 — — 24.3 4.628 3.300 4.350 4.310 2852 CMSB 4.340 0.030 917.1 4.332 21.66 1.45 4,662.8 0.840 0.320 — — 7986 CNASIA 0.525 — — — 1.02 — 23.8 1.490 1.141 1.260 1.230 5071 COASTAL 1.260 0.020 30.5 1.243 13.56 1.59 669.8 1.150 0.670 0.760 0.750 7195 COMCORP 0.755 -0.005 168.3 0.754 9.84 — 105.7 1.220 0.670 1.160 1.120 2127 COMFORT 1.130 -0.020 1271.6 1.142 17.33 — 635.0 1.882 1.415 1.540 1.510 5094 CSCSTEL 1.520 -0.020 263.1 1.523 9.39 6.58 577.6 0.804 0.600 0.610 0.600 7157 CYL 0.610 0.010 10 0.605 48.80 6.56 61.0 0.405 0.305 0.315 0.315 5082 CYMAO 0.315 -0.005 2 0.315 — — 23.6 2.410 2.162 2.410 2.390 8125 DAIBOCI 2.400 0.020 109.7 2.398 30.26 1.90 787.0 2.000 0.615 1.880 1.750 8176 DENKO 1.850 0.090 3074.6 1.827 — — 2,122.0 0.460 0.240 0.330 0.320 7114 DNONCE 0.320 -0.010 487.1 0.325 31.07 — 62.0 0.395 0.165 0.185 0.185 5835 DOLMITE 0.185 UNCH 39 0.185 — — 52.7 0.335 0.140 0.150 0.150 5265 DOLPHIN 0.150 0.005 625 0.150 — — 36.6 1.400 1.127 1.290 1.260 7169 DOMINAN 1.290 0.010 146.4 1.274 9.13 5.04 213.2 2.750 1.302 2.710 2.640 1619 DRBHCOM 2.670 -0.010 7554.3 2.671 8.73 0.37 5,161.7 1.582 0.815 1.190 1.160 7233 DUFU 1.190 0.030 494.1 1.183 5.91 4.62 208.8 0.822 0.510 0.615 0.580 8907 EG 0.585 -0.025 871.4 0.592 5.44 — 155.8 1.050 0.780 — — 9016 EKSONS 0.860 — — — — — 141.2 0.843 0.518 0.695 0.680 7217 EMETALL 0.685 -0.005 384.5 0.683 6.17 3.65 129.0 0.885 0.385 0.455 0.455 7773 EPMB 0.455 -0.045 10 0.455 — — 75.5 0.924 0.510 0.540 0.535 5101 EVERGRN 0.535 -0.010 695.9 0.537 9.15 3.74 452.8 1.690 1.130 1.610 1.570 2984 FACBIND 1.580 -0.040 304.7 1.594 15.44 2.53 134.6 2.862 2.492 2.620 2.600 7229 FAVCO 2.620 UNCH 200.4 2.602 7.99 5.73 580.1 0.780 0.537 0.555 0.550 0149 FIBON 0.555 UNCH 37 0.552 19.41 1.98 54.4 2.221 1.980 2.010 2.000 3107 FIMACOR 2.000 -0.020 17 2.007 22.96 6.25 490.5 1.870 1.100 1.240 1.210 5197 FLBHD 1.240 0.070 260.7 1.216 10.32 4.84 128.0 0.679 0.300 0.340 0.335 5277 FPGROUP 0.335 0.005 2123.7 0.337 17.27 2.12 173.5 1.510 1.310 — — 3611 GBH 1.400 — — — 109.3 — 261.3 2.620 1.050 1.130 1.050 7197 GESHEN 1.080 -0.020 1020.8 1.082 5.51 — 86.4 0.085 0.040 0.050 0.050 5220 GLOTEC 0.050 UNCH 3772.3 0.050 — — 269.1 0.540 0.185 0.205 0.205 7192 GOODWAY 0.205 UNCH 9 0.205 — — 22.7 0.135 0.085 0.090 0.090 7096 GPA 0.090 -0.005 200 0.090 — — 88.2 0.425 0.220 0.290 0.290 5649 GPHAROS 0.290 0.010 30 0.290 — — 39.0 0.250 0.170 0.185 0.180 0136 GREENYB 0.185 0.005 62 0.184 — 1.62 61.7 1.005 0.630 0.715 0.695 3247 GUH 0.700 -0.060 171.1 0.701 19.07 4.81 194.5 1.180 0.475 1.090 1.060 5151 HALEX 1.090 UNCH 12 1.077 — — 115.5 12.180 4.605 11.700 11.540 5168 HARTA 11.600 0.080 847.5 11.60 46.36 1.03 19,203.7 19.200 3.170 15.160 14.860 4324 HENGYUAN 15.100 0.040 1694.5 15.03 4.85 — 4,530.0 1.727 0.885 0.925 0.900 5095 HEVEA 0.910 -0.010 1433.3 0.906 6.02 8.46 508.3 1.136 0.720 0.730 0.725 3298 HEXZA 0.730 UNCH 110.5 0.728 — 6.85 146.3 0.530 0.295 0.530 0.515 5072 HIAPTEK 0.515 -0.005 8617.2 0.522 — — 686.7 1.170 0.375 0.980 0.945 5199 HIBISCS 0.950 -0.025 29506.6 0.961 37.85 — 1,508.8 1.340 0.872 1.290 1.290 7033 HIGHTEC 1.290 UNCH 2.4 1.290 8.29 2.71 52.4 1.020 0.680 0.835 0.835 8443 HIL 0.835 0.040 1 0.835 16.60 1.50 278.9 0.715 0.300 0.405 0.380 5165 HOKHENG 0.405 0.035 25.3 0.395 28.32 — 32.4 0.665 0.030 0.610 0.585 2739 HUAAN 0.590 -0.020 45558.1 0.596 — — 662.2 2.809 1.880 1.980 1.980 5000 HUMEIND 1.980 UNCH 1 1.980 — 1.01 948.6 0.085 0.045 0.060 0.055 9601 HWGB 0.055 -0.005 1598.9 0.058 — — 54.9 1.986 1.634 1.840 1.840 7222 IMASPRO 1.840 0.010 2 1.840 19.01 1.90 147.2 0.290 0.120 0.125 0.125 7183 IRETEX 0.125 UNCH 10 0.125 — — 17.3 0.085 0.050 0.065 0.060 7223 JADI 0.060 UNCH 1335 0.061 — — 56.5 0.175 0.130 0.135 0.130 8648 JASKITA 0.130 UNCH 140 0.131 — 7.69 58.4 1.120 0.920 — — 7043 JMR 1.040 — — — 185.71 2.88 131.9 0.310 0.190 0.210 0.205 0054 KARYON 0.205 -0.005 116.6 0.209 18.64 1.46 97.5 0.772 0.450 0.520 0.490 7199 KEINHIN 0.520 UNCH 3 0.495 9.98 2.62 56.6 0.480 0.300 — — 6211 KIALIM 0.330 — — — — — 20.4 3.080 2.760 2.880 2.850 3522 KIANJOO 2.880 -0.010 17 2.862 18.40 1.39 1,279.2 2.315 1.370 1.560 1.560 5371 KIMHIN 1.560 0.010 24.5 1.560 10.44 3.85 242.8 0.075 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2 1.450 0.800 0.970 0.960 9466 KKB 0.960 UNCH 126.8 0.963 150.0 — 247.5 0.330 0.220 0.235 0.230 7164 KNM 0.230 -0.005 5152.7 0.231 — — 545.0 1.120 0.810 1.060 1.020 6971 KOBAY 1.040 0.020 592.6 1.046 17.02 — 106.2 0.251 0.165 0.200 0.190 7017 KOMARK 0.195 -0.005 441.2 0.199 — — 32.1 8.790 5.529 8.700 8.610 7153 KOSSAN 8.670 -0.010 716.1 8.684 30.19 1.27 5,544.2 1.110 0.400 0.700 0.695 7130 KPOWER 0.700 UNCH 25 0.699 — — 53.3 5.098 4.460 4.600 4.530 3476 KSENG 4.530 -0.020 20 4.543 20.94 2.21 1,637.5 0.580 0.380 0.450 0.435 5192 KSSC 0.445 0.030 405.3 0.440 7.92 3.37 42.7 0.775 0.435 0.495 0.465 8362 KYM 0.495 0.020 58.2 0.476 70.71 — 74.2 7.140 4.880 5.390 5.260 3794 LAFMSIA 5.320 0.060 1726.1 5.280 — 3.76 4,520.4 0.910 0.565 0.685 0.630 9326 LBALUM 0.665 0.035 1385.8 0.658 13.38 3.76 165.2 0.601 0.425 0.560 0.560 5092 LCTH 0.560 UNCH 139.2 0.560 16.42 4.46 201.6 6.530 4.140 5.470 5.300 5284 LCTITAN 5.430 0.100 3678 5.427 10.16 — 12,531.3 0.985 0.535 0.980 0.925 5232 LEONFB 0.970 0.050 3019.8 0.951 4.81 1.55 300.7 0.440 0.135 0.290 0.285 8745 LEWEKO 0.290 0.005 145.9 0.286 — — 93.3 0.080 0.030 0.040 0.035 2887 LIONDIV 0.035 UNCH 210 0.035 — — 48.7 1.670 0.580 1.390 1.340 4235 LIONIND 1.370 0.030 4769.3 1.361 6.90 — 983.5 0.740 0.400 0.560 0.515 9881 LSTEEL 0.530 0.055 2523.5 0.538 12.44 — 67.9 0.160 0.080 0.105 0.100 5068 LUSTER 0.100 -0.005 1910 0.104 — — 197.6 4.660 3.400 4.150 4.100 9199 LYSAGHT 4.150 0.050 7.2 4.115 8.66 1.69 172.6 1.400 0.464 1.400 1.360 5098 MASTEEL 1.400 0.020 7348.1 1.383 9.14 — 598.1 0.841 0.550 0.685 0.625 7029 MASTER 0.670 0.050 956.3 0.661 8.93 1.49 36.6 1.430 1.010 1.280 1.260 5152 MBL 1.280 UNCH 79.5 1.263 8.53 3.13 126.6 0.870 0.675 0.740 0.720 7004 MCEHLDG 0.730 0.010 61 0.726 28.63 2.05 32.4 0.390 0.210 0.230 0.230 3778 MELEWAR 0.230 -0.010 26.4 0.230 — — 51.9 0.789 0.550 0.635 0.635 5223 MENTIGA 0.635 -0.025 5 0.635 — 1.57 44.5 1.837 1.620 — — 6149 METROD 1.680 — — — 13.15 3.57 201.6 1.260 0.580 0.655 0.630 5001 MIECO 0.635 -0.035 3708.6 0.643 4.12 1.57 333.4 0.170 0.100 0.125 0.120 7219 MINETEC 0.120 -0.005 433 0.121 — — 87.8 0.622 0.426 — — 5576 MINHO 0.460 — — — 6.57 1.63 101.1 4.237 3.080 3.180 3.100 5916 MSC 3.100 -0.070 75.3 3.148 19.60 2.58 310.0 1.766 1.140 1.690 1.570 3883 MUDA 1.690 0.390 11797.1 1.673 12.67 1.78 515.5 1.030 0.475 0.540 0.530 5087 MYCRON 0.535 UNCH 218.4 0.534 4.98 — 151.7 0.225 0.005 — — 7002 NAKA 0.010 — — — — — 0.6 0.265 0.090 0.140 0.120 5025 NWP 0.130 0.005 817.8 0.130 — — 51.0 1.163 0.665 0.830 0.810 4944 NYLEX 0.810 -0.020 33.3 0.814 6.91 2.47 157.4 1.925 1.283 1.540 1.540 7140 OKA 1.540 -0.010 25.2 1.540 8.69 3.57 251.9 1.604 0.959 1.540 1.360 5065 ORNA 1.520 0.200 5178 1.495 9.43 1.64 114.4 0.130 0.043 0.085 0.080 7225 PA 0.080 UNCH 4028.5 0.084 — — 136.3 8.280 6.687 8.260 8.070 5183 PCHEM 8.120 0.070 10217.3 8.153 15.62 3.33 64,960.0 1.667 1.255 1.360 1.340 5271 PECCA 1.350 UNCH 43.7 1.349 19.48 3.70 253.8 7.901 3.450 3.730 3.720 5436 PERSTIM 3.730 UNCH 33.5 3.728 14.42 10.72 370.4 19.880 15.820 18.000 17.540 6033 PETGAS 17.900 0.240 683.6 17.88 19.76 3.69 35,419.3 15.060 5.566 11.560 11.340 3042 PETRONM 11.400 0.060 311.8 11.40 7.59 1.93 3,078.0 2.466 1.390 1.700 1.640 7095 PIE 1.680 -0.010 368.8 1.665 13.60 1.43 645.2 5.466 1.580 4.420 4.290 7172 PMBTECH 4.360 0.070 78.3 4.341 29.58 0.92 348.8 5.830 2.506 5.790 5.730 8869 PMETAL 5.780 0.020 3377.1 5.769 37.53 1.04 22,334.1 0.565 0.470 0.500 0.490 6637 PNEPCB 0.490 -0.010 335 0.490 19.68 — 64.4 0.995 0.300 0.545 0.525 8117 POLY 0.530 -0.015 140 0.531 2.39 — 84.8 0.973 0.630 0.770 0.690 8273 PPHB 0.760 0.080 3650.1 0.747 8.08 — 143.4 0.320 0.250 — — 9458 PREMIER 0.275 — — — 916.6 — 92.7 1.458 0.833 1.110 1.080 9873 PRESTAR 1.100 0.020 713.1 1.094 4.76 3.64 225.1 1.110 0.840 0.900 0.860 7168 PRG 0.900 UNCH 18.1 0.880 195.65 0.56 272.5 0.330 0.105 0.270 0.260 7123 PWORTH 0.265 -0.005 4657.6 0.263 40.15 — 271.3 1.290 0.890 0.960 0.960 7544 QUALITY 0.960 0.070 3 0.960 — — 55.6 0.750 0.460 — — 7498 RALCO 0.580 — — — — — 24.3 5.840 5.310 5.750 5.630 7765 RAPID 5.740 0.100 202 5.728 521.82 — 613.6 0.645 0.285 0.375 0.360 5256 REACH 0.360 -0.010 1077.7 0.363 276.92 — 394.7 0.655 0.330 0.350 0.350 7232 RESINTC 0.350 -0.005 66.5 0.350 5.98 3.43 48.0 1.580 0.834 1.500 1.480 9741 ROHAS 1.500 0.030 118 1.488 — 0.67 709.0 0.838 0.575 0.715 0.640 7803 RUBEREX 0.655 -0.020 3389.7 0.679 9.03 2.67 165.2 5.194 4.076 4.100 4.100 5134 SAB 4.100 UNCH 2 4.100 12.63 1.22 561.4 8.490 5.428 7.180 7.030 9822 SAM 7.130 -0.030 7.2 7.045 15.14 1.44 963.7 0.957 0.800 — — 7811 SAPIND 0.800 — — — 40.61 6.25 58.2 1.237 0.655 0.690 0.680 5170 SCABLE 0.690 0.010 73 0.681 — 4.35 218.8 3.400 2.050 2.340 2.300 7247 SCGM 2.300 -0.020 64 2.313 17.36 2.61 445.3 0.740 0.500 0.625 0.620 9237 SCIB 0.620 UNCH 10.9 0.621 15.98 — 53.2 9.738 7.069 8.710 8.580 4731 SCIENTX 8.600 0.110 230.5 8.664 14.72 1.86 4,204.8 0.345 0.250 0.310 0.290 7239 SCNWOLF 0.310 0.010 397.4 0.297 163.16 — 27.1 0.445 0.215 — — 7366 SCOMIEN 0.280 — — — — — 95.8 1.660 0.690 0.780 0.765 7073 SEACERA 0.780 UNCH 251.8 0.777 60.00 — 291.9 0.215 0.120 0.145 0.135 5145 SEALINK 0.145 0.010 87.8 0.138 — — 72.5 0.765 0.435 0.475 0.475 5163 SEB 0.475 -0.015 10 0.475 6.66 — 38.0 1.410 0.545 1.060 1.040 5181 SIGGAS 1.050 UNCH 415.5 1.047 46.46 1.14 196.9 1.040 0.630 — — 7115 SKBSHUT 0.645 — — — 7.88 — 25.8 2.350 1.199 1.920 1.860 7155 SKPRES 1.910 0.030 1889.6 1.900 17.65 2.17 2,387.9

* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share

MarketsB U R S A M A L A Y S I A M A I N M A R K E T

2 6 WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY



2.201 1.400 — — 7248 SLP 1.400 — — — 17.90 3.21 443.7 0.700 0.475 0.510 0.510 7132 SMISCOR 0.510 0.035 0.1 0.510 — — 22.8 2.580 1.129 2.310 2.280 5665 SSTEEL 2.290 -0.010 716.4 2.288 6.13 1.31 991.9 0.300 0.120 0.205 0.195 7143 STONE 0.205 0.015 350.3 0.198 — — 18.4 1.460 1.060 — — 6904 SUBUR 1.140 — — — — — 238.3 2.128 0.980 1.060 1.060 7207 SUCCESS 1.060 UNCH 20 1.060 6.15 2.36 263.4 2.945 1.430 1.780 1.720 7235 SUPERLN 1.720 -0.020 273 1.747 13.79 1.45 275.2 2.740 1.664 2.700 2.620 7106 SUPERMX 2.630 -0.050 3718.1 2.654 19.70 2.28 1,788.8 3.822 3.120 3.400 3.280 5012 TAANN 3.400 0.100 202 3.312 11.83 4.41 1,512.5 0.415 0.250 0.300 0.300 5149 TAS 0.300 0.005 30 0.300 — — 54.0 13.373 8.960 9.000 9.000 4448 TASEK 9.000 UNCH 14.8 9.000 1125.0 4.44 1,112.6 0.290 0.110 0.160 0.155 5178 TATGIAP 0.155 -0.005 56.5 0.160 — — 26.4 1.480 0.395 0.995 0.980 7097 TAWIN 0.995 -0.005 932.8 0.990 5.63 — 64.0 2.690 1.210 — — 7439 TECGUAN 1.300 — — — — — 52.1 4.803 3.430 3.700 3.580 7034 TGUAN 3.620 -0.050 85.7 3.647 8.11 3.31 493.3 2.140 1.500 1.550 1.520 7374 TIENWAH 1.550 UNCH 36.3 1.545 9.48 3.87 224.4 0.800 0.550 — — 7854 TIMWELL 0.640 — — — 30.48 — 57.0 1.069 0.840 0.970 0.840 7285 TOMYPAK 0.890 -0.085 1808.4 0.880 9.22 3.60 373.6 4.292 1.946 4.000 3.770 5010 TONGHER 3.770 -0.330 749.9 3.827 10.15 10.08 593.5 10.240 4.467 10.160 10.040 7113 TOPGLOV 10.100 0.100 2585.6 10.09 35.09 1.44 12,707.6 1.130 0.510 0.940 0.880 7173 TOYOINK 0.925 -0.005 1841.1 0.911 — — 99.0 0.230 0.160 — — 4359 TURIYA 0.200 — — — 1000 — 45.7 3.410 1.613 3.180 3.050 7100 UCHITEC 3.090 0.080 1486.9 3.124 19.22 4.85 1,388.6 4.930 2.750 2.910 2.880 7133 ULICORP 2.880 -0.010 193.5 2.889 17.32 4.17 418.2 1.318 0.860 1.050 0.860 7227 UMSNGB 1.050 0.040 17.4 1.003 10.48 2.86 84.0 1.680 0.555 0.600 0.590 4995 VERSATL 0.600 UNCH 386.9 0.594 46.88 — 70.4 3.248 1.479 2.980 2.940 6963 VS 2.960 UNCH 1935.6 2.962 21.34 2.09 3,921.1 1.710 0.830 1.710 1.620 5142 WASEONG 1.700 0.030 11224.8 1.670 — 0.29 1,317.3 0.465 0.260 — — 7226 WATTA 0.310 — — — — — 26.2 2.300 1.724 2.270 2.260 7111 WEIDA 2.270 UNCH 64.5 2.262 17.99 1.32 302.7 1.640 1.410 1.510 1.470 7231 WELLCAL 1.490 0.030 574.8 1.490 20.36 4.15 741.9 1.420 0.620 1.090 1.060 7050 WONG 1.060 -0.030 129.3 1.076 15.89 — 97.2 0.700 0.500 0.580 0.540 7025 WOODLAN 0.580 -0.030 32 0.554 28.43 — 23.2 1.980 1.871 1.950 1.920 5009 WTHORSE 1.950 UNCH 3 1.940 17.60 5.13 468.0 0.998 0.650 0.685 0.675 4243 WTK 0.675 0.005 195.7 0.681 — 2.96 324.9 1.347 0.760 0.820 0.820 7245 WZSATU 0.820 UNCH 22 0.820 16.43 2.44 286.1 0.830 0.720 0.750 0.750 5048 YILAI 0.750 UNCH 120 0.750 — — 120.0 0.275 0.155 0.270 0.250 7020 YKGI 0.260 0.010 2498 0.261 — — 90.6 0.692 0.360 — — 7014 YLI 0.370 — — — — 1.35 38.1CONSTRUCTION 1.210 0.715 0.745 0.715 5281 ADVCON 0.720 -0.025 1789.9 0.736 10.20 — 289.5 0.750 0.335 — — 7007 ARK 0.335 — — — — — 16.3 1.200 0.653 0.860 0.830 7078 AZRB 0.830 -0.020 290.4 0.848 10.51 1.81 441.2 0.625 0.360 0.405 0.385 5190 BENALEC 0.390 0.005 2345.3 0.395 54.93 1.03 316.6 0.485 0.305 0.340 0.330 5932 BPURI 0.340 UNCH 93 0.332 45.33 — 90.8 1.140 0.796 0.910 0.905 8761 BREM 0.905 -0.055 5.7 0.910 16.28 1.66 312.7 1.220 0.875 0.990 0.965 8591 CRESBLD 0.990 0.025 613.6 0.976 7.21 4.04 175.2 2.086 1.700 — — 7528 DKLS 1.700 — — — 3.64 1.76 157.6 1.410 1.060 1.240 1.200 5253 ECONBHD 1.210 -0.020 2643.2 1.209 18.94 1.49 1,618.4 1.488 0.871 1.030 1.010 8877 EKOVEST 1.010 -0.010 5132.2 1.019 18.81 1.98 2,160.6 0.992 0.629 0.830 0.810 7047 FAJAR 0.810 -0.010 402.9 0.816 6.67 3.09 302.6 1.335 1.010 1.090 1.060 9261 GADANG 1.070 UNCH 683.5 1.073 6.02 2.80 706.2 5.392 4.573 5.040 4.980 5398 GAMUDA 5.000 0.020 3337.5 5.001 18.96 2.40 12,285.2 2.160 0.985 1.940 1.910 5226 GBGAQRS 1.930 -0.010 1652.9 1.924 16.06 0.26 890.6 0.920 0.510 0.555 0.540 5169 HOHUP 0.550 0.010 256.2 0.547 5.09 — 206.2 1.736 1.390 1.650 1.640 6238 HSL 1.640 0.010 64.3 1.644 20.68 1.46 955.6 3.518 2.660 2.920 2.840 3336 IJM 2.900 0.060 2116.2 2.888 17.13 2.59 10,523.1 0.740 0.500 0.525 0.515 5268 IKHMAS 0.515 -0.020 387 0.520 19.58 0.97 280.9 0.820 0.532 0.700 0.685 8834 IREKA 0.700 UNCH 23.8 0.690 — 2.86 130.7 1.840 1.010 1.770 1.700 4723 JAKS 1.720 -0.050 4313.7 1.716 — — 851.4 0.500 0.230 0.250 0.250 9083 JETSON 0.250 0.010 1 0.250 — — 51.7 1.935 1.066 1.760 1.630 7161 KERJAYA 1.660 -0.080 2009.1 1.675 15.22 1.51 2,061.7 2.430 2.000 2.160 2.150 5171 KIMLUN 2.150 -0.010 23.6 2.159 9.65 3.02 689.4 1.680 1.220 1.220 1.220 9628 LEBTECH 1.220 -0.080 0.1 1.220 72.62 — 166.5 1.000 0.685 0.760 0.715 5129 MELATI 0.735 UNCH 14 0.733 34.67 1.36 88.2 2.560 1.240 — — 8192 MERCURY 1.830 — — — 6.31 6.56 73.5 0.575 0.300 0.345 0.330 5006 MERGE 0.330 UNCH 97 0.344 — — 22.1 1.930 0.890 1.700 1.700 7595 MGB 1.700 UNCH 77.2 1.700 28.38 — 839.2 1.407 0.740 0.920 0.915 9571 MITRA 0.915 -0.005 25.9 0.918 5.68 5.46 630.9 0.425 0.210 0.230 0.230 5924 MTDACPI 0.230 UNCH 2 0.230 — — 53.3 1.670 0.780 0.885 0.875 5085 MUDAJYA 0.885 -0.005 45.1 0.882 — — 535.8 3.360 2.408 3.150 3.090 5703 MUHIBAH 3.110 0.010 1245.8 3.109 11.72 1.77 1,499.4 0.690 0.480 0.545 0.515 7071 OCR 0.520 -0.020 346 0.527 28.57 — 152.0 0.724 0.385 0.415 0.405 8311 PESONA 0.410 0.005 1256.7 0.410 12.65 4.88 284.9 1.190 0.900 1.060 1.040 5070 PRTASCO 1.050 -0.010 154.5 1.049 20.35 5.71 445.9 0.215 0.125 0.165 0.150 7145 PSIPTEK 0.155 -0.010 5698.7 0.154 14.09 — 54.0 4.137 3.266 3.450 3.390 9598 PTARAS 3.440 0.080 21 3.430 32.76 5.81 568.1 1.140 0.590 0.610 0.600 6807 PUNCAK 0.605 UNCH 289.4 0.603 — — 271.8 1.390 0.505 0.915 0.800 5205 SENDAI 0.870 0.060 6728.8 0.876 — — 679.6 2.640 1.649 2.450 2.380 5263 SUNCON 2.400 -0.060 1256.7 2.404 97.56 2.92 3,103.0 0.415 0.240 0.270 0.260 9717 SYCAL 0.270 0.010 36.3 0.265 17.65 — 93.8 0.860 0.388 0.740 0.730 5054 TRC 0.740 UNCH 266.4 0.737 10.59 2.57 355.6 2.500 1.500 2.370 2.360 5622 TRIPLC 2.360 UNCH 67.4 2.360 8.13 — 163.1 0.825 0.470 — — 5042 TSRCAP 0.480 — — — 12.40 — 83.7 0.200 0.110 0.170 0.160 7070 VIZIONE 0.160 -0.005 5663.5 0.165 51.61 — 566.2 1.680 1.050 1.200 1.180 3565 WCEHB 1.190 -0.010 167.5 1.188 29.02 — 1,193.3 2.467 1.460 1.650 1.590 9679 WCT 1.600 0.020 2492.9 1.627 21.83 — 2,264.9 0.805 0.535 0.670 0.660 7028 ZECON 0.660 -0.025 360.6 0.665 6.27 — 86.5 0.185 0.085 0.110 0.105 2283 ZELAN 0.105 -0.005 2099.2 0.105 — — 88.7TRADING SERVICES 0.550 0.325 0.445 0.430 5238 AAX 0.435 UNCH 36774.9 0.438 18.91 — 1,804.4 2.536 1.460 1.540 1.460 6599 AEON 1.490 -0.040 1443.6 1.512 25.00 2.01 2,092.0 0.435 0.165 0.225 0.210 7315 AHB 0.210 -0.005 354.3 0.215 3.77 — 37.0 4.490 2.406 4.470 4.430 5099 AIRASIA 4.460 UNCH 9661.3 4.450 8.10 4.04 14,905.2 9.450 6.283 8.880 8.570 5014 AIRPORT 8.790 0.090 7257.2 8.770 88.88 1.25 14,584.3 0.335 0.110 0.175 0.165 5115 ALAM 0.170 -0.005 2084.1 0.170 — — 157.2 0.140 0.070 0.095 0.085 0159 AMEDIA 0.090 0.010 1594.4 0.089 — — 21.6 8.180 6.953 — — 6351 AMWAY 7.540 — — — 24.46 2.65 1,239.5 2.329 2.090 — — 7083 ANALABS 2.130 — — — 13.40 0.47 127.9 0.055 0.005 0.015 0.010 5194 APFT 0.015 0.005 776 0.015 — — 20.1 0.900 0.650 0.895 0.855 5210 ARMADA 0.895 0.025 28423.3 0.878 14.89 — 5,250.3 0.220 0.120 0.135 0.125 1481 ASB 0.125 UNCH 1066.4 0.130 37.88 2.00 116.1 2.906 2.400 2.540 2.500 6399 ASTRO 2.500 -0.010 2606.6 2.513 17.74 4.60 13,034.7 4.669 3.862 4.650 4.560 7048 ATLAN 4.650 0.100 6.9 4.584 33.48 6.67 1,179.5 0.365 0.280 0.340 0.320 8885 AVI 0.340 0.015 25 0.326 — — 291.9 1.168 0.715 0.815 0.790 7579 AWC 0.790 -0.020 483.4 0.801 9.71 2.53 215.2 5.820 4.254 5.600 5.290 6888 AXIATA 5.460 -0.130 14100.7 5.425 53.53 1.47 49,403.7 0.653 0.354 0.445 0.425 5021 AYS 0.430 0.010 1337.3 0.433 6.69 5.81 163.6 0.715 0.255 0.280 0.270 7251 BARAKAH 0.275 UNCH 959 0.275 — — 227.3 2.449 1.807 2.190 2.160 5248 BAUTO 2.180 -0.020 2474.9 2.177 28.39 4.13 2,530.8 0.280 0.155 0.160 0.160 6998 BINTAI 0.160 UNCH 20 0.160 — — 46.3 6.278 5.662 — — 5032 BIPORT 5.880 — — — 17.65 3.57 2,704.8 0.415 0.310 0.345 0.330 3395 BJCORP 0.330 -0.005 5487.9 0.336 — — 1,624.8 1.933 1.364 1.810 1.790 5196 BJFOOD 1.810 0.020 49.6 1.803 54.03 2.58 691.1 0.610 0.310 0.315 0.310 4219 BJLAND 0.315 UNCH 4603.5 0.311 29.44 — 1,575.1 0.470 0.185 0.270 0.225 6025 BJMEDIA 0.270 0.055 47.2 0.240 — — 63.5 2.816 2.175 2.270 2.240 1562 BJTOTO 2.250 -0.010 923 2.254 12.02 6.22 3,039.8 0.135 0.075 0.090 0.080 7036 BORNOIL 0.085 UNCH 47633.8 0.085 16.35 — 441.3 0.805 0.325 0.340 0.330 9474 BRAHIMS 0.330 -0.010 348.5 0.333 — — 78.0 3.038 2.457 2.830 2.790 2771 BSTEAD 2.790 -0.020 78.5 2.806 11.05 4.30 5,655.3 0.620 0.280 0.360 0.350 5257 CARIMIN 0.355 -0.005 180.7 0.355 — — 83.0 2.200 1.278 — — 5245 CARING 1.670 — — — 21.19 1.80 363.6 3.014 1.980 2.100 2.100 2925 CCB 2.100 0.050 2 2.100 27.63 2.38 211.6 1.440 0.870 0.895 0.890 7117 CENTURY 0.895 UNCH 161.9 0.895 19.33 3.35 352.8 0.540 0.376 0.405 0.405 7209 CHEETAH 0.405 UNCH 3 0.405 — 1.48 51.7 1.468 0.995 1.040 1.000 5273 CHINHIN 1.020 0.010 918 1.014 13.32 3.92 567.5 0.675 0.450 0.480 0.480 7016 CHUAN 0.480 UNCH 40 0.480 12.03 3.75 81.0 0.150 0.065 0.110 0.105 5104 CNI 0.105 UNCH 1055.3 0.107 — — 75.6 1.180 0.660 0.710 0.710 5136 COMPLET 0.710 -0.020 0.1 0.710 13.15 — 87.9 0.045 0.020 0.035 0.025 5037 COMPUGT 0.030 -0.005 7722.5 0.030 — — 70.4 2.820 2.093 2.600 2.590 5184 CYPARK 2.600 UNCH 303.7 2.599 11.86 2.00 679.7 0.865 0.395 0.410 0.410 5276 DANCO 0.410 UNCH 63 0.410 10.25 3.66 122.2 0.110 0.055 0.080 0.075 0091 DAYA 0.075 UNCH 1795 0.076 — — 153.2 0.920 0.535 0.805 0.790 5141 DAYANG 0.795 -0.005 6444.7 0.796 — — 767.0 1.190 0.746 1.070 1.020 5132 DELEUM 1.070 0.090 2209.9 1.051 13.28 3.97 428.2 0.840 0.425 0.630 0.620 7212 DESTINI 0.625 -0.010 3162.5 0.626 19.65 — 722.0 2.800 1.571 2.790 2.690 7277 DIALOG 2.760 0.080 17521.3 2.760 32.36 0.96 15,570.9 5.233 3.790 3.850 3.850 5908 DKSH 3.850 -0.050 3 3.850 12.20 2.47 607.0 0.683 0.371 0.480 0.465 4456 DNEX 0.470 UNCH 5493 0.473 11.16 1.06 825.1 1.335 0.985 1.080 1.050 5216 DSONIC 1.050 UNCH 516.9 1.059 23.18 3.81 1,417.5 0.295 0.125 0.140 0.135 2097 EASTLND 0.135 UNCH 50 0.136 — — 33.2 0.715 0.340 0.365 0.360 5259 EATECH 0.360 -0.015 217 0.362 — — 181.4 0.930 0.210 0.660 0.635 5036 EDARAN 0.640 -0.015 77.3 0.643 — — 38.4 0.290 0.155 0.160 0.155 7471 EDEN 0.155 -0.005 592.6 0.156 — — 48.3 3.180 2.213 2.820 2.690 1368 EDGENTA 2.750 0.080 1073.1 2.760 17.00 4.73 2,287.0 0.590 0.240 0.275 0.270 0064 EFFICEN 0.270 -0.005 150 0.273 — — 191.5 0.955 0.631 — — 5081 EIG 0.660 — — — 18.44 4.55 156.5 2.087 1.178 1.650 1.600 5208 EITA 1.600 -0.030 37 1.627 10.44 3.13 208.0 1.508 1.010 1.120 1.090 5056 ENGTEX 1.110 UNCH 442.5 1.101 6.69 0.68 492.1 0.605 0.370 0.510 0.505 6939 FIAMMA 0.510 UNCH 1317.8 0.510 10.20 3.43 270.3 0.465 0.355 0.425 0.420 9318 FITTERS 0.425 0.005 381.6 0.421 — — 204.2 1.423 1.108 1.210 1.210 7210 FREIGHT 1.210 UNCH 20.3 1.210 9.94 4.13 225.2 0.525 0.202 0.470 0.455 0128 FRONTKN 0.465 0.010 7633.9 0.463 15.71 1.08 489.8 0.295 0.160 — — 9377 FSBM 0.235 — — — — — 33.2 3.054 2.670 3.000 2.980 5209 GASMSIA 2.990 UNCH 762.3 2.993 19.72 2.68 3,839.2 0.820 0.575 0.615 0.605 0078 GDEX 0.610 UNCH 777.9 0.610 100.00 0.41 3,417.6 6.259 4.870 5.280 5.190 4715 GENM 5.270 0.110 6155.9 5.250 12.44 1.94 31,293.5 9.960 8.700 9.080 8.970 3182 GENTING 8.990 0.070 4882 9.034 14.08 1.28 34,680.8 0.330 0.185 0.225 0.220 5079 GETS 0.220 UNCH 990 0.225 — — 27.7 4.400 2.689 4.390 4.350 3204 GKENT 4.370 0.010 839.2 4.367 21.50 1.64 2,461.5 0.555 0.340 0.395 0.395 7676 GUNUNG 0.395 UNCH 88 0.395 — — 93.3 5.526 2.810 5.200 5.100 7668 HAIO 5.130 -0.070 281.1 5.151 20.31 3.31 1,540.2 0.335 0.205 0.240 0.240 7253 HANDAL 0.240 -0.005 210 0.240 — — 38.4 9.980 8.700 9.570 9.250 3034 HAPSENG 9.570 0.270 1172.1 9.452 22.35 3.66 23,826.3

0.876 0.646 0.795 0.755 2062 HARBOUR 0.765 0.025 620.5 0.769 10.42 1.96 306.3 4.200 3.013 3.950 3.950 5008 HARISON 3.950 0.060 0.5 3.950 12.15 6.33 270.5 1.910 0.477 1.740 1.660 0185 HSSEB 1.710 -0.030 2075.7 1.708 37.50 0.45 627.5 0.195 0.050 0.120 0.110 7013 HUBLINE 0.110 -0.010 12627.7 0.118 — — 259.9 0.480 0.210 0.235 0.230 5255 ICON 0.230 -0.005 549.7 0.231 — — 270.8 6.330 5.420 6.180 6.060 5225 IHH 6.110 0.020 7192.3 6.111 62.16 0.49 50,343.9 0.915 0.600 0.605 0.605 5614 ILB 0.605 0.005 23.1 0.605 — — 118.0 0.905 0.670 0.850 0.800 5673 IPMUDA 0.845 -0.005 11.6 0.843 — — 61.2 2.077 1.630 — — 0058 JCBNEXT 1.700 — — — 35.27 1.18 237.4 0.400 0.290 0.370 0.370 8672 KAMDAR 0.370 UNCH 18 0.370 12.21 — 73.3 1.862 1.450 1.530 1.510 6491 KFIMA 1.510 -0.020 66.2 1.516 26.77 5.96 426.2 0.900 0.389 0.865 0.835 0151 KGB 0.850 -0.015 1264.5 0.848 15.86 1.18 195.4 1.680 0.850 — — 5035 KNUSFOR 0.890 — — — — — 88.7 1.140 0.870 0.955 0.920 5878 KPJ 0.945 0.020 21201.7 0.932 21.88 1.83 4,046.3 1.678 1.080 1.350 1.270 5843 KPS 1.320 -0.020 173 1.300 17.32 4.73 658.7 0.570 0.485 0.545 0.530 9121 KPSCB 0.530 -0.015 349.6 0.538 9.25 — 78.3 0.225 0.120 0.135 0.130 4847 KTB 0.130 -0.005 230.7 0.130 — — 52.4 0.628 0.370 0.495 0.480 6874 KUB 0.480 -0.015 948.5 0.485 10.76 2.08 267.1 0.340 0.160 0.180 0.180 7170 LFECORP 0.180 UNCH 89.1 0.180 — — 33.4 0.835 0.450 — — 8486 LIONFIB 0.705 — — — 5.91 — 163.3 0.890 0.720 0.750 0.740 5143 LUXCHEM 0.740 -0.015 661.4 0.745 15.01 21.39 625.8 0.372 0.160 0.170 0.170 5078 M&G 0.170 UNCH 32 0.170 — 29.41 123.1 2.086 1.605 1.980 1.920 3859 MAGNUM 1.980 0.060 1358.6 1.956 14.24 6.57 2,846.7 1.225 0.860 0.925 0.910 5264 MALAKOF 0.920 UNCH 3188.6 0.917 1.88 6.52 4,600.0 0.179 0.125 0.140 0.135 3514 MARCO 0.140 UNCH 526.4 0.135 9.15 3.57 147.6 6.384 5.342 6.000 5.920 6012 MAXIS 5.990 UNCH 1829.3 5.983 20.94 3.34 46,785.3 0.955 0.670 0.780 0.760 5077 MAYBULK 0.775 -0.005 665.4 0.772 — — 775.0 2.576 2.010 2.290 2.260 5983 MBMR 2.290 -0.010 361 2.281 — 1.31 895.1 1.232 0.525 0.555 0.540 4502 MEDIA 0.540 -0.010 616.1 0.547 — 14.81 599.0 0.603 0.360 0.390 0.375 5090 MEDIAC 0.375 -0.010 816.8 0.382 14.04 6.67 632.7 0.739 0.340 0.395 0.385 7234 MESB 0.390 UNCH 77.5 0.388 — — 31.9 3.978 2.753 3.640 3.570 3069 MFCB 3.620 0.030 115.2 3.609 8.99 1.38 1,487.5 1.119 0.603 0.820 0.805 5186 MHB 0.810 0.005 481.2 0.811 38.03 3.70 1,296.0 0.290 0.135 0.225 0.215 5166 MINDA 0.220 -0.005 770 0.219 — — 272.8 7.799 6.730 6.850 6.730 3816 MISC 6.790 UNCH 2449.3 6.803 15.33 4.42 30,309.2 2.586 1.770 1.960 1.920 2194 MMCCORP 1.920 -0.030 130.9 1.941 14.35 2.08 5,846.5 0.440 0.250 0.350 0.345 0059 MMODE 0.345 -0.005 279.7 0.347 — — 56.1 0.085 0.040 0.060 0.050 0043 MTRONIC 0.055 0.005 23955.2 0.055 — — 53.0 0.280 0.150 0.215 0.210 3891 MUIIND 0.215 0.005 1848.2 0.210 — — 630.5 3.050 2.090 2.480 2.390 3905 MULPHA 2.450 -0.030 65.7 2.470 3.24 — 783.1 2.780 1.934 2.730 2.700 0138 MYEG 2.710 -0.010 5374 2.715 45.32 0.63 9,773.1 1.680 1.340 1.680 1.640 5275 MYNEWS 1.650 0.010 765 1.653 34.96 0.61 1,125.6 0.910 0.470 0.500 0.470 9806 NATWIDE 0.500 -0.010 8.2 0.499 — — 60.1 0.495 0.350 0.385 0.375 7241 NGGB 0.385 UNCH 1950.2 0.383 — — 176.5 0.828 0.580 0.590 0.590 5533 OCB 0.590 0.005 1 0.590 25.11 1.69 60.7 0.973 0.790 0.820 0.800 0172 OCK 0.805 -0.010 704 0.801 23.75 1.24 701.5 3.374 2.247 3.170 3.160 5201 OLDTOWN 3.160 UNCH 2042.6 3.163 21.81 2.22 1,463.8 0.210 0.095 0.120 0.120 3018 OLYMPIA 0.120 UNCH 350.4 0.120 3.83 — 122.8 2.050 1.120 1.330 1.300 5260 OWG 1.310 -0.010 214 1.302 53.69 — 349.9 0.845 0.380 0.845 0.815 8419 PANSAR 0.825 -0.010 1955.8 0.830 36.34 1.21 254.1 0.734 0.451 0.615 0.605 5125 PANTECH 0.610 UNCH 307.9 0.606 9.84 3.28 455.0 0.680 0.470 0.495 0.490 5657 PARKSON 0.490 -0.005 222.7 0.494 — — 536.0 1.288 1.140 1.150 1.140 5041 PBA 1.150 UNCH 108 1.145 6.71 3.48 381.0 0.165 0.075 0.090 0.080 6254 PDZ 0.085 -0.005 18871.5 0.085 — — 55.4 1.250 0.725 0.780 0.760 5133 PENERGY 0.760 UNCH 212 0.761 — 2.63 244.5 0.660 0.285 0.330 0.315 7108 PERDANA 0.320 -0.010 2873.7 0.323 — — 249.1 0.090 0.025 0.050 0.045 0047 PERISAI 0.050 0.005 247.7 0.049 — — 63.0 0.420 0.155 0.260 0.250 7080 PERMAJU 0.260 UNCH 2445.5 0.260 — — 50.9 2.070 1.510 1.880 1.850 5219 PESTECH 1.860 -0.010 304.8 1.856 18.20 — 1,421.6 26.200 20.824 26.200 25.660 5681 PETDAG 25.800 0.100 796.6 25.80 30.96 2.91 25,631.1 0.250 0.030 — — 7027 PETONE 0.055 — — — 3.53 — 2.8 4.845 3.650 4.040 4.040 7081 PHARMA 4.040 -0.010 0.5 4.040 33.58 3.96 1,049.7 0.140 0.035 0.045 0.040 4464 PHB 0.045 0.005 3738.5 0.043 — — 60.5 0.189 0.105 0.120 0.115 7201 PICORP 0.120 0.005 71.4 0.115 — 5.08 79.0 0.420 0.200 0.220 0.220 7163 PJBUMI 0.220 UNCH 2 0.220 — — 18.0 5.665 4.166 4.950 4.390 4634 POS 4.420 -0.570 8497.8 4.533 34.50 2.42 3,459.9 2.416 1.190 1.700 1.620 5204 PRESBHD 1.670 0.040 52.4 1.643 54.05 1.80 808.3 2.180 1.180 — — 8346 PRKCORP 1.190 — — — — — 119.0 0.848 0.667 0.750 0.730 5272 RANHILL 0.750 0.005 655 0.738 8.55 10.40 666.2 0.345 0.255 0.295 0.280 0037 RGB 0.285 -0.005 6375 0.288 14.11 2.11 382.5 1.408 0.734 0.910 0.890 5278 RHONEMA 0.890 -0.010 52 0.906 15.92 2.81 147.7 0.687 0.390 0.465 0.455 8567 SALCON 0.460 UNCH 515.5 0.460 — — 311.7 1.270 0.754 1.220 1.150 5147 SAMCHEM 1.150 -0.050 1212.8 1.173 15.33 2.61 312.8 0.315 0.165 0.175 0.175 9113 SANBUMI 0.175 -0.015 4 0.175 — — 39.6 2.100 0.660 0.700 0.685 5218 SAPNRG 0.690 UNCH 22304.3 0.689 — 1.45 4,134.6 2.313 1.563 1.980 1.920 0099 SCICOM 1.920 -0.030 42 1.933 16.09 4.69 682.5 0.412 0.180 0.190 0.180 7158 SCOMI 0.180 -0.010 7200.3 0.183 — — 196.9 0.245 0.090 0.120 0.115 7045 SCOMIES 0.120 UNCH 1146.3 0.120 — — 281.0 1.600 0.930 — — 7053 SEEHUP 1.340 — — — — — 107.8 0.730 0.598 0.650 0.645 9792 SEG 0.650 UNCH 625 0.648 21.81 5.38 821.8 1.750 1.120 1.530 1.510 5250 SEM 1.530 UNCH 124 1.525 38.93 1.50 1,887.1 3.660 1.582 3.610 3.440 5279 SERBADK 3.600 0.050 9452.7 3.570 13.61 1.89 5,286.6 3.060 2.040 2.780 2.710 4197 SIME 2.750 0.020 16791.3 2.745 19.11 6.91 18,702.3 0.720 0.600 — — 9431 SJC 0.680 — — — — 1.47 27.6 0.588 0.295 0.355 0.355 5242 SOLID 0.355 0.005 0.5 0.355 36.60 0.96 138.8 2.151 1.310 1.340 1.310 6084 STAR 1.320 0.010 454.2 1.328 3.74 11.36 974.9 3.079 2.240 — — 9865 SUIWAH 2.240 — — — 13.11 0.45 136.6 0.130 0.045 0.085 0.075 1201 SUMATEC 0.075 -0.005 35014.9 0.080 — — 319.0 1.918 1.580 1.650 1.600 5211 SUNWAY 1.630 0.030 4774.3 1.624 12.17 2.88 8,018.0 2.257 1.740 1.800 1.800 6521 SURIA 1.800 UNCH 12 1.800 9.88 3.89 518.7 0.345 0.215 0.250 0.235 5173 SYSCORP 0.245 -0.005 1260.9 0.239 16.55 — 294.0 0.665 0.350 0.635 0.600 7228 T7GLOBAL 0.630 0.025 12874.9 0.623 21.95 — 264.3 1.691 0.860 0.935 0.915 8524 TALIWRK 0.915 -0.005 133.5 0.919 20.29 8.74 1,106.7 2.667 1.711 1.950 1.920 5140 TASCO 1.930 -0.010 11.7 1.930 12.11 2.33 386.0 16.120 12.887 15.800 15.620 5347 TENAGA 15.760 0.140 14590.8 15.68 12.19 3.87 89,295.9 1.404 0.829 0.960 0.900 8702 TEXCHEM 0.930 UNCH 55.5 0.928 35.50 10.75 115.4 0.150 0.045 0.095 0.095 7206 THHEAVY 0.095 UNCH 419.1 0.095 — — 106.5 6.586 5.870 6.090 6.010 4863 TM 6.030 0.030 1634.6 6.045 28.03 3.58 22,660.3 0.970 0.730 0.805 0.800 0101 TMCLIFE 0.800 UNCH 147.6 0.800 50.00 0.21 1,389.2 1.806 1.100 1.160 1.120 8397 TNLOGIS 1.160 UNCH 280.1 1.135 7.19 1.72 533.9 1.060 0.500 — — 7218 TOCEAN 0.620 — — — — — 25.4 1.000 0.700 — — 5167 TURBO 0.760 — — — 19.54 — 82.1 2.790 2.460 2.600 2.530 7137 UMS 2.600 0.070 10.2 2.550 19.73 2.31 105.8 0.677 0.270 0.335 0.320 5243 UMWOG 0.330 0.005 28401.6 0.329 — — 2,711.1 1.294 0.990 1.030 1.000 7091 UNIMECH 1.020 -0.010 36.1 1.013 14.72 2.94 133.8 0.730 0.350 0.465 0.465 5754 UTUSAN 0.465 -0.045 3 0.465 — — 51.5 1.980 1.260 1.410 1.390 7250 UZMA 1.410 UNCH 300.1 1.402 13.48 — 451.2 1.240 0.600 0.885 0.860 7240 VERTICE 0.880 UNCH 157.3 0.873 — — 127.8 2.200 1.754 2.200 2.010 5016 WARISAN 2.100 0.100 5.4 2.069 40.62 1.43 141.1 0.620 0.450 0.590 0.590 7692 WIDETEC 0.590 0.060 2.5 0.590 18.27 — 26.4 4.022 3.052 3.710 3.630 5246 WPRTS 3.680 0.040 2834.7 3.683 19.27 3.89 12,548.8 1.448 1.020 1.170 1.110 5267 XINHWA 1.170 0.050 40.3 1.147 22.81 0.85 252.7 0.070 0.020 0.025 0.025 7122 YFG 0.025 UNCH 425 0.025 — — 15.2 4.400 3.021 4.260 4.150 7293 YINSON 4.260 0.070 384.9 4.227 16.20 0.94 4,655.8 1.550 1.090 1.490 1.470 4677 YTL 1.470 -0.020 5155.3 1.479 20.25 3.40 16,038.5FINANCE 4.410 3.539 4.170 4.120 2488 ABMB 4.120 UNCH 4091.9 4.129 12.71 3.88 6,378.2 14.600 11.782 13.680 13.560 5139 AEONCR 13.600 0.080 476.7 13.59 67.66 3.15 3,378.9 2.888 2.193 2.520 2.500 5185 AFFIN 2.500 UNCH 82.8 2.510 9.46 2.80 4,857.4 15.458 11.137 12.940 12.800 1163 ALLIANZ 12.900 0.060 86.8 12.90 7.70 0.93 2,263.8 5.485 4.011 4.620 4.540 1015 AMBANK 4.540 0.010 1627 4.573 10.43 3.88 13,684.4 1.950 1.273 1.560 1.560 5088 APEX 1.560 0.110 4 1.560 22.51 3.21 333.2 4.461 3.980 4.190 4.050 5258 BIMB 4.190 0.160 500.7 4.168 11.15 3.34 7,096.0 11.480 8.107 11.480 11.140 1818 BURSA 11.300 0.140 1696.1 11.35 27.16 3.41 6,073.8 7.390 4.708 7.390 7.220 1023 CIMB 7.290 0.090 17660.3 7.302 15.26 3.43 67,254.2 0.705 0.350 — — 2143 ECM 0.500 — — — 178.5 — 143.3 1.220 1.112 1.200 1.170 5228 ELKDESA 1.200 UNCH 54.1 1.196 12.18 5.63 358.1 19.280 12.880 19.280 18.560 5819 HLBANK 19.080 0.560 1178.5 19.10 16.45 2.41 41,360.1 10.100 7.327 — — 5274 HLCAP 9.790 — — — 30.77 1.94 2,417.1 19.240 14.682 19.220 18.480 1082 HLFG 19.200 0.740 488.3 19.11 13.49 1.98 22,032.3 1.129 0.767 0.935 0.925 3379 INSAS 0.930 0.005 620.7 0.932 3.81 1.08 644.8 0.400 0.165 0.340 0.320 3441 JOHAN 0.325 -0.010 1315 0.329 — — 202.5 0.690 0.487 0.605 0.590 6483 KENANGA 0.600 0.010 140 0.599 30.30 3.75 433.5 19.900 16.086 19.380 19.340 8621 LPI 19.340 -0.020 46.8 19.35 20.46 3.72 6,420.6 0.857 0.730 0.800 0.760 1198 MAA 0.775 -0.005 379.2 0.776 8.64 11.61 212.0 3.410 2.943 — — 1058 MANULFE 3.300 — — — 13.50 3.18 667.8 10.580 8.108 10.580 10.400 1155 MAYBANK 10.460 0.060 25321.2 10.45 13.79 5.26 113,474.1 1.380 1.010 1.250 1.220 1171 MBSB 1.240 0.010 6349.1 1.231 17.44 2.42 7,625.9 2.840 2.190 2.620 2.600 6459 MNRB 2.600 -0.030 204 2.601 7.79 — 831.0 1.850 1.210 1.600 1.560 5237 MPHBCAP 1.570 -0.030 102.6 1.573 16.88 — 1,122.6 1.340 1.200 1.290 1.280 6009 P&O 1.290 0.010 46.5 1.285 39.94 5.81 317.3 23.040 19.395 23.000 22.900 1295 PBBANK 23.000 0.100 7175.5 22.94 16.23 2.65 89,289.2 1.850 1.400 1.490 1.460 9296 RCECAP 1.470 -0.020 310.6 1.469 5.73 2.04 523.3 5.610 4.710 5.510 5.390 1066 RHBBANK 5.470 0.070 5149.9 5.465 12.51 2.19 21,934.9 0.708 0.514 0.665 0.655 4898 TA 0.655 -0.005 1279 0.660 3.08 2.60 1,121.3 4.080 3.170 3.500 3.450 6139 TAKAFUL 3.500 0.050 168.1 3.482 13.93 4.29 2,881.0 1.620 0.980 1.030 1.010 5230 TUNEPRO 1.010 -0.010 393 1.018 14.01 5.15 759.3PROPERTIES 0.824 0.685 0.730 0.715 1007 AMPROP 0.715 -0.005 33.4 0.718 4.02 4.20 435.3 0.405 0.330 0.385 0.350 1007PA AMPROP-PA 0.350 UNCH 6.1 0.351 — 5.71 101.4 1.850 1.180 1.250 1.250 5959 AMVERTON 1.250 -0.010 0.1 1.250 26.21 — 456.3 0.230 0.150 0.175 0.165 4057 ASIAPAC 0.165 0.005 7047.5 0.169 10.51 — 170.3 7.600 6.200 — — 2305 AYER 6.800 — — — 32.49 0.74 509.0 0.520 0.420 0.440 0.440 6602 BCB 0.440 UNCH 1 0.440 21.15 — 181.5 0.793 0.555 0.565 0.555 6173 BDB 0.560 -0.010 97.1 0.560 6.57 8.04 170.2 0.600 0.365 0.420 0.400 9814 BERTAM 0.420 UNCH 38 0.412 1.70 — 86.8 0.700 0.390 0.485 0.460 3239 BJASSET 0.475 -0.005 3397.7 0.472 7.35 — 1,215.1 1.420 1.040 1.130 1.130 5738 CHHB 1.130 -0.060 10 1.130 — — 311.5 1.673 1.363 1.420 1.410 6718 CRESNDO 1.410 UNCH 89 1.418 8.95 4.26 395.5 1.720 1.460 1.600 1.600 5049 CVIEW 1.600 0.010 0.9 1.600 5.62 9.38 160.0 2.375 2.070 2.180 2.180 5355 DAIMAN 2.180 -0.020 9 2.180 14.73 2.52 462.6 0.993 0.477 0.550 0.525 3484 DBHD 0.550 0.020 1188.6 0.542 — — 175.1 0.115 0.075 0.085 0.080 7198 DPS 0.080 -0.005 637 0.081 — — 47.0 2.089 1.350 1.460 1.430 3417 E&O 1.460 0.010 377.8 1.452 16.80 2.05 1,937.0

MarketsB U R S A M A L A Y S I A M A I N M A R K E T


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0.325 0.255 0.295 0.290 3557 ECOFIRS 0.295 UNCH 238 0.295 5.76 — 236.9 1.720 1.290 1.320 1.290 8206 ECOWLD 1.300 UNCH 942.2 1.306 17.64 — 3,827.7 0.920 0.600 0.630 0.630 6076 ENCORP 0.630 0.030 1 0.630 12.12 — 185.2 3.180 2.500 2.700 2.610 8613 ENRA 2.700 -0.070 20.8 2.640 35.11 1.11 367.8 1.300 0.775 0.950 0.940 6815 EUPE 0.940 -0.010 12.5 0.948 38.68 — 120.3 0.863 0.375 0.405 0.390 7249 EWEIN 0.405 0.010 638.4 0.396 9.08 1.23 122.1 1.360 0.955 1.060 1.050 5283 EWINT 1.060 -0.010 116.6 1.057 — — 2,544.0 0.617 0.465 0.500 0.490 6041 FARLIM 0.500 UNCH 16.2 0.495 7.68 4.00 70.2 0.643 0.495 0.540 0.510 5020 GLOMAC 0.540 0.020 69.9 0.516 54.00 5.06 432.0 0.511 0.365 — — 9962 GMUTUAL 0.400 — — — 10.26 5.00 150.2 0.470 0.300 0.310 0.305 1147 GOB 0.305 -0.005 313.5 0.306 — 1.64 138.7 0.150 0.090 0.105 0.100 7077 GSB 0.100 -0.005 440 0.101 — — 52.8 1.426 1.000 1.030 1.000 1503 GUOCO 1.030 0.030 69 1.018 79.84 1.94 721.5 1.430 0.829 1.250 1.200 7105 HCK 1.250 0.020 6.1 1.224 96.15 — 526.5 1.210 0.410 0.600 0.580 7010 HOOVER 0.600 -0.040 6 0.587 96.77 — 24.0 1.113 0.575 0.580 0.575 5062 HUAYANG 0.580 0.005 79.6 0.576 18.53 6.90 204.2 0.648 0.505 0.545 0.525 4251 IBHD 0.535 0.005 259.8 0.534 7.89 3.51 539.4 0.953 0.500 0.715 0.710 5084 IBRACO 0.710 -0.060 2.4 0.713 27.41 2.82 352.4 0.890 0.595 0.710 0.700 9687 IDEAL 0.700 -0.005 50.9 0.703 4.14 — 77.3 3.000 2.732 — — 1597 IGB 2.970 — — — 11.63 3.37 4,072.9 2.158 1.790 1.910 1.830 5249 IOIPG 1.840 -0.070 3568.8 1.844 13.03 3.26 10,131.3 0.620 0.280 0.300 0.290 5175 IVORY 0.290 -0.010 40 0.298 13.00 — 142.1 3.290 1.170 1.360 1.330 1589 IWCITY 1.340 0.010 1061 1.340 39.88 — 1,122.1 0.500 0.245 0.390 0.385 8923 JIANKUN 0.390 -0.005 64 0.385 — — 65.1 0.139 0.085 0.090 0.090 6769 JKGLAND 0.090 UNCH 201.7 0.090 9.78 2.56 204.7 0.095 0.055 0.095 0.075 3115 KBUNAI 0.080 0.010 65399.5 0.086 15.38 — 462.1 1.100 0.850 0.930 0.915 7323 KEN 0.920 0.045 188.5 0.923 3.94 2.72 176.4 1.330 0.990 1.030 1.010 5038 KSL 1.010 UNCH 165 1.017 3.55 — 1,047.9 0.268 0.190 0.200 0.195 3174 L&G 0.200 -0.005 1113 0.200 6.43 — 586.1 1.287 0.995 1.080 1.030 8494 LBICAP 1.070 0.040 42 1.036 563.1 9.81 86.4 1.120 0.774 1.080 1.040 5789 LBS 1.050 -0.030 803.2 1.058 14.09 1.73 1,628.2 0.460 0.235 0.390 0.375 3573 LIENHOE 0.390 0.010 100.9 0.382 — — 141.1 1.640 1.150 — — 7617 MAGNA 1.260 — — — — 4.76 422.0 1.590 1.200 1.270 1.200 8583 MAHSING 1.220 -0.030 2314.6 1.224 9.13 5.33 2,961.7 1.892 0.839 0.965 0.935 6181 MALTON 0.940 -0.010 1654.6 0.948 5.80 2.66 496.5 2.280 2.130 2.190 2.160 5236 MATRIX 2.180 0.020 291.4 2.182 8.60 5.34 1,625.8 2.310 1.268 2.220 2.130 7189 MBWORLD 2.130 -0.090 2.2 2.138 8.57 1.64 335.2 1.190 0.755 0.965 0.875 5182 MCT 0.965 0.090 19.2 0.893 20.75 — 1,288.1 0.525 0.395 0.460 0.445 5040 MEDAINC 0.460 UNCH 115 0.460 — — 226.6 0.567 0.430 0.450 0.450 1694 MENANG 0.450 -0.030 10 0.450 19.91 — 216.4 0.605 0.285 0.320 0.315 8141 MJPERAK 0.315 UNCH 123 0.317 — 6.79 81.0 2.515 1.540 1.640 1.620 6114 MKH 1.630 0.010 140 1.629 5.84 3.07 956.1 0.360 0.210 0.225 0.220 8893 MKLAND 0.220 UNCH 152.7 0.223 14.47 — 265.6 0.215 0.080 0.095 0.090 6548 MPCORP 0.090 -0.005 93 0.090 — — 25.9 1.536 0.870 1.130 1.110 1651 MRCB 1.120 0.010 6152.5 1.118 10.96 2.14 4,917.7 1.080 0.515 0.620 0.580 9539 MUH 0.600 0.080 14.2 0.604 — — 33.9 0.365 0.235 0.255 0.245 3913 MUIPROP 0.255 UNCH 105.3 0.255 212.5 — 194.8 1.650 0.990 1.060 1.020 5073 NAIM 1.060 UNCH 6 1.040 — — 265.0 2.813 2.192 — — 5827 OIB 2.250 — — — 7.94 3.11 348.4 1.116 0.995 1.050 1.040 5053 OSK 1.040 -0.010 599.9 1.045 5.19 4.81 2,179.1 1.980 1.561 1.960 1.920 1724 PARAMON 1.940 0.010 244.2 1.940 5.91 4.38 823.1 0.695 0.490 0.585 0.570 6912 PASDEC 0.585 0.005 31 0.585 — — 167.3 1.983 1.051 — — 7055 PLB 1.760 — — — 18.76 0.45 197.8 1.766 1.400 1.410 1.400 5075 PLENITU 1.410 UNCH 222.6 1.409 10.25 3.19 538.0 0.425 0.285 — — 2208 PTGTIN 0.360 — — — — — 124.6 1.270 0.800 0.840 0.820 4596 SAPRES 0.820 -0.020 16 0.834 8.70 3.66 114.5 0.820 0.470 — — 5207 SBCCORP 0.580 — — — — — 136.2 1.012 0.680 0.880 0.870 2224 SDRED 0.880 UNCH 14 0.877 6.94 2.84 375.0 0.580 0.400 0.445 0.430 4286 SEAL 0.445 0.010 57 0.436 — — 108.1 2.860 2.550 — — 6017 SHL 2.620 — — — 7.82 — 634.4 1.780 1.040 1.430 1.360 5288 SIMEPROP 1.430 0.080 5717.1 1.403 1.60 2.80 9,725.2 0.305 0.140 0.200 0.200 4375 SMI 0.200 -0.005 5 0.200 1.55 — 42.0 0.907 0.560 0.640 0.625 5213 SNTORIA 0.640 UNCH 134 0.635 9.52 — 363.1 5.500 4.390 4.800 4.740 1783 SPB 4.740 0.030 1.2 4.790 17.59 2.53 1,628.7 4.151 3.070 3.290 3.240 8664 SPSETIA 3.290 0.010 2142.9 3.279 11.05 5.92 12,347.8 1.590 1.180 1.320 1.270 3743 SUNSURIA 1.320 0.020 197.2 1.301 10.45 — 1,054.5 1.035 0.695 0.800 0.800 1538 SYMLIFE 0.800 UNCH 99.8 0.800 5.87 3.75 248.0 0.510 0.255 0.280 0.275 4022 TADMAX 0.280 -0.005 67.8 0.277 — — 150.8 0.410 0.285 0.360 0.355 5158 TAGB 0.360 UNCH 529 0.360 6.24 1.11 1,915.8 0.055 0.035 0.040 0.040 2259 TALAMT 0.040 UNCH 483.3 0.040 — — 168.8 1.423 0.870 0.890 0.875 5191 TAMBUN 0.885 0.005 956.4 0.886 3.70 11.30 383.5 0.165 0.075 0.120 0.120 2429 TANCO 0.120 UNCH 23.9 0.120 — — 79.4 0.315 0.195 — — 7889 THRIVEN 0.200 — — — — — 75.3 0.085 0.035 0.045 0.040 7079 TIGER 0.045 UNCH 4818.1 0.043 — — 77.3 0.910 0.650 0.675 0.665 5239 TITIJYA 0.670 -0.005 479.3 0.669 6.78 0.37 900.8 1.036 0.860 0.895 0.880 5401 TROP 0.895 0.005 200.2 0.890 8.69 1.79 1,316.0 1.360 1.010 1.140 1.110 5148 UEMS 1.130 0.010 671.1 1.127 17.36 — 5,127.3 2.700 2.300 2.620 2.600 5200 UOADEV 2.610 0.020 192 2.604 8.96 5.75 4,526.4 0.525 0.210 0.250 0.240 6378 WMG 0.250 0.015 5.6 0.241 — — 106.5 1.100 0.905 — — 7003 Y&G 0.950 — — — 33.93 — 189.4 1.620 1.300 — — 3158 YNHPROP 1.420 — — — 23.05 — 751.2 1.750 1.350 1.590 1.560 7066 YONGTAI 1.580 -0.010 425.2 1.569 39.21 — 760.5 0.670 0.495 0.505 0.500 2577 YTLLAND 0.505 UNCH 51.9 0.500 8.08 — 426.4MINING 2.900 1.180 2.900 2.650 2186 KUCHAI 2.680 -0.060 1973.4 2.750 6.67 0.36 331.6PLANTATIONS 0.285 0.180 — — 7054 AASIA 0.200 — — — — — 132.0 19.627 17.818 18.800 18.620 1899 BKAWAN 18.620 -0.180 8.5 18.72 13.25 3.22 8,117.4 8.639 8.200 8.220 8.220 5069 BLDPLNT 8.220 UNCH 10 8.220 35.97 0.49 768.6 1.720 1.461 1.700 1.690 5254 BPLANT 1.690 UNCH 164.5 1.692 3.98 7.10 2,704.0 1.000 0.760 0.810 0.800 8982 CEPAT 0.805 -0.025 641.3 0.803 9.00 2.48 256.3 8.141 7.268 7.780 7.780 1929 CHINTEK 7.780 -0.020 1 7.780 18.51 2.57 710.8 0.735 0.415 0.590 0.575 3948 DUTALND 0.575 -0.020 573 0.582 169.12 — 486.5 9.693 8.080 8.800 8.800 5029 FAREAST 8.800 UNCH 4.4 8.800 9.20 3.41 1,244.2 2.180 1.468 2.030 1.980 5222 FGV 1.980 -0.030 4951.4 2.000 49.50 0.51 7,223.3 11.614 9.520 10.160 9.700 2291 GENP 10.100 0.300 386.7 10.02 23.76 1.34 8,114.8 0.653 0.500 0.560 0.560 7382 GLBHD 0.560 UNCH 102 0.560 373.3 1.79 124.8 1.440 1.125 1.400 1.400 2135 GOPENG 1.400 UNCH 4.3 1.400 45.31 2.86 251.1 0.870 0.550 0.610 0.600 7501 HARNLEN 0.600 -0.010 90 0.609 17.96 — 111.3 2.700 2.450 2.500 2.490 5138 HSPLANT 2.490 -0.030 29 2.493 14.87 5.82 1,992.0 3.304 2.280 2.300 2.290 2216 IJMPLNT 2.290 -0.010 154.9 2.298 28.06 3.06 2,016.5 0.940 0.650 0.770 0.740 2607 INCKEN 0.740 UNCH 1241.7 0.757 — 1.51 311.4 1.380 0.665 0.950 0.925 6262 INNO 0.940 -0.015 309.2 0.937 10.48 3.19 450.1 4.820 4.310 4.800 4.770 1961 IOICORP 4.790 UNCH 4186.5 4.790 20.31 1.98 30,099.7 1.340 1.000 1.100 1.090 4383 JTIASA 1.090 UNCH 317.3 1.092 49.77 0.46 1,061.4 25.780 23.172 25.580 25.400 2445 KLK 25.520 0.020 1602.2 25.50 28.16 1.96 27,242.7 5.000 2.982 4.600 4.480 2453 KLUANG 4.480 -0.020 76.5 4.558 67.27 0.22 283.0 4.835 3.373 4.220 4.200 5027 KMLOONG 4.220 0.010 10.1 4.218 13.63 4.03 1,315.8 0.880 0.515 0.850 0.840 1996 KRETAM 0.845 UNCH 4871.1 0.845 56.71 1.18 1,966.8 1.750 1.350 1.490 1.450 6572 KWANTAS 1.450 -0.030 18 1.488 11.37 — 451.9 1.490 1.050 — — 4936 MALPAC 1.100 — — — — — 82.5 0.929 0.780 0.820 0.820 5026 MHC 0.820 UNCH 51.3 0.820 10.17 1.83 161.2 2.308 1.700 — — 5047 NPC 2.000 — — — 6.71 0.50 240.0 4.187 3.671 — — 2038 NSOP 3.800 — — — 30.77 1.58 266.8 0.300 0.150 0.185 0.185 1902 PINEPAC 0.185 UNCH 7.4 0.185 — — 27.7 1.380 0.850 — — 9695 PLS 0.865 — — — — — 282.6 0.525 0.330 0.365 0.355 5113 RSAWIT 0.355 UNCH 166 0.357 — — 503.6 4.000 3.341 3.700 3.700 2542 RVIEW 3.700 0.150 1 3.700 13.79 2.16 239.9 4.180 2.931 3.790 3.700 2569 SBAGAN 3.700 UNCH 11 3.782 — 0.54 245.4 0.720 0.500 0.500 0.500 4316 SHCHAN 0.500 -0.020 5 0.500 — — 60.0 6.000 4.580 5.590 5.510 5285 SIMEPLT 5.530 0.030 5402.3 5.522 8.39 — 37,608.6 4.720 3.480 3.800 3.710 5126 SOP 3.800 0.100 150 3.743 9.33 1.32 2,169.3 1.890 1.520 1.730 1.710 5135 SWKPLNT 1.730 0.020 9.9 1.724 13.97 — 484.4 0.663 0.415 0.435 0.425 2054 TDM 0.425 -0.010 886.7 0.430 386.36 1.18 704.6 1.184 0.985 0.995 0.985 5112 THPLANT 0.985 -0.005 30.6 0.989 5.53 1.62 870.6 1.879 1.560 1.590 1.570 9059 TSH 1.570 -0.020 56.2 1.587 30.37 1.27 2,169.4 7.015 5.604 6.380 6.300 2593 UMCCA 6.320 0.010 29.5 6.316 16.16 2.85 1,325.1 28.700 25.916 28.680 28.560 2089 UTDPLT 28.600 0.020 31.1 28.58 14.84 1.40 5,952.6HOTELS 0.628 0.465 0.505 0.500 5592 GCE 0.500 UNCH 8 0.504 — 4.00 98.5 1.000 0.690 0.860 0.855 1643 LANDMRK 0.860 0.005 139 0.857 — — 454.8 0.230 0.125 — — 1287 PMHLDG 0.145 — — — 362.5 — 134.7 5.588 4.800 5.040 4.900 5517 SHANG 5.000 -0.070 121 4.993 28.56 2.80 2,200.0TECHNOLOGY 0.880 0.610 — — 7031 AMTEL 0.630 — — — — — 31.0 0.420 0.210 0.255 0.245 5195 CENSOF 0.245 -0.005 491.5 0.251 — — 122.9 0.665 0.170 0.570 0.550 0051 CUSCAPI 0.555 -0.010 6964 0.562 — — 299.1 0.800 0.382 0.655 0.645 7204 D&O 0.650 -0.005 210.3 0.651 29.15 — 654.9 0.710 0.165 0.275 0.265 8338 DATAPRP 0.275 UNCH 1516.2 0.273 — — 115.9 0.235 0.105 0.115 0.110 0029 DIGISTA 0.115 UNCH 636 0.115 — — 75.7 1.543 1.200 1.280 1.250 5162 ECS 1.260 -0.010 31.1 1.264 8.29 4.37 226.8 1.670 1.230 1.340 1.230 0065 EFORCE 1.330 0.010 3442.5 1.278 84.18 0.94 550.4 2.895 1.535 2.590 2.500 0090 ELSOFT 2.580 -0.010 121.5 2.552 23.71 1.94 710.5 1.870 0.975 1.430 1.410 0021 GHLSYS 1.420 0.010 440 1.417 45.37 0.35 936.4 0.590 0.260 0.505 0.490 0082 GPACKET 0.495 0.005 28808.3 0.498 — — 375.6 0.280 0.195 0.245 0.240 0056 GRANFLO 0.240 UNCH 173 0.241 16.55 — 115.9 7.050 4.084 6.360 6.220 7022 GTRONIC 6.220 -0.170 79.9 6.269 54.18 0.64 1,776.2 0.940 0.612 0.730 0.700 5028 HTPADU 0.730 0.015 20.5 0.718 8.63 6.85 73.9 3.820 1.938 3.460 3.410 0166 INARI 3.450 0.030 3860.1 3.444 27.38 2.49 7,127.5 0.435 0.130 0.200 0.180 9393 ITRONIC 0.185 0.005 1908.6 0.190 — — 19.0 0.668 0.395 0.420 0.405 5161 JCY 0.410 UNCH 777.2 0.411 20.60 9.15 851.5 22.635 9.523 20.760 20.480 9334 KESM 20.480 -0.020 2.8 20.58 19.42 0.61 880.9 0.340 0.080 0.185 0.175 0143 KEYASIC 0.175 -0.010 3639.5 0.179 — — 155.8 14.410 8.620 9.490 9.200 3867 MPI 9.200 -0.120 147.9 9.307 10.88 3.15 1,930.9 1.467 1.013 — — 5011 MSNIAGA 1.240 — — — 13.14 4.03 74.9 1.327 0.455 0.665 0.645 0083 NOTION 0.660 0.015 1253.4 0.653 14.54 3.41 218.2 0.605 0.440 0.505 0.495 9008 OMESTI 0.500 UNCH 319.7 0.501 — — 215.5 0.375 0.225 0.265 0.255 0041 PANPAGE 0.260 0.005 1912.8 0.259 — — 69.0 3.140 0.757 2.700 2.480 7160 PENTA 2.500 -0.150 5438.2 2.570 22.32 — 791.5 0.675 0.310 0.435 0.435 9075 THETA 0.435 UNCH 12 0.435 — — 46.7 0.232 0.035 0.040 0.040 0118 TRIVE 0.040 UNCH 1990.6 0.040 80.00 — 76.9 4.158 2.520 2.750 2.690 5005 UNISEM 2.700 -0.010 2135.4 2.717 12.43 4.07 1,981.3 6.880 1.984 6.630 6.350 0097 VITROX 6.360 -0.130 365 6.491 35.99 0.55 2,990.3 1.750 0.803 1.230 1.210 0008 WILLOW 1.230 0.020 528.2 1.221 14.39 1.63 305.0

Ace Market YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)

INFRASTRUCTURE PROJECT COMPANIES 5.048 4.316 4.900 4.860 6947 DIGI 4.880 -0.010 4504.4 4.887 25.68 3.85 37,942.0 6.000 5.400 5.840 5.720 6645 LITRAK 5.720 -0.120 6.8 5.753 13.92 5.24 3,019.0 9.900 7.950 8.230 8.040 5031 TIMECOM 8.230 0.190 618.7 8.159 27.22 0.64 4,785.4 1.443 1.110 1.200 1.170 6742 YTLPOWR 1.170 -0.010 3613.6 1.181 14.32 4.27 9,544.9CLOSED-END FUNDS 2.880 2.390 — — 5108 ICAP 2.720 — — — 133.99 — 380.8EXCHANGE TRADED FUNDS 1.151 1.100 — — 0800EA ABFMY1 1.147 — — — — 4.95 1,451.4 2.210 1.835 2.015 2.015 0822EA CIMBA40 2.015 -0.035 5 2.015 — 3.67 5.4 1.845 1.400 1.720 1.680 0823EA CIMBC50 1.690 -0.030 68.2 1.696 — — 16.5 1.930 1.750 — — 0820EA FBMKLCI-EA 1.920 — — — — 1.72 3.2 1.775 1.705 — — 0828EA GOLDETF 1.750 — — — — — 35.2 1.100 1.000 — — 0826EA METFAPA 1.075 — — — — — 20.4 0.940 0.874 — — 0825EA METFSID 0.878 — — — — 1.72 46.5 — — — — 0827EA METFUS50 — — — — — — — 1.180 1.060 1.160 1.150 0821EA MYETFDJ 1.160 UNCH 780 1.153 — 2.06 305.2 1.175 1.015 1.155 1.150 0824EA MYETFID 1.150 -0.005 700 1.151 — 2.44 40.9REITS 0.934 0.776 0.800 0.790 4952 AHP 0.790 UNCH 19 0.795 9.99 6.58 173.8 1.502 1.261 1.310 1.300 5116 ALAQAR 1.300 -0.010 2112 1.300 11.19 5.92 946.7 1.003 0.905 0.940 0.905 5269 ALSREIT 0.905 -0.035 41 0.920 12.93 6.63 524.9 0.771 0.645 0.650 0.645 5120 AMFIRST 0.645 -0.005 90.6 0.650 18.17 6.59 442.7 0.949 0.880 0.900 0.900 5127 ARREIT 0.900 0.005 5 0.900 6.94 6.09 515.9 1.168 1.090 1.100 1.100 5130 ATRIUM 1.100 UNCH 3.8 1.100 14.82 6.73 134.0 1.645 1.340 1.370 1.340 5106 AXREIT 1.350 -0.020 1171.9 1.351 12.31 5.56 1,663.6 1.762 1.020 1.090 1.020 5180 CMMT 1.040 -0.050 8730.5 1.059 13.07 7.90 2,119.3 1.482 1.103 1.220 1.210 5121 HEKTAR 1.220 UNCH 44.4 1.211 15.95 9.99 563.6 1.744 1.502 1.550 1.530 5227 IGBREIT 1.530 -0.020 490.2 1.536 15.60 6.07 5,383.8 0.930 0.796 0.820 0.815 5280 KIPREIT 0.820 UNCH 10.6 0.818 13.23 6.30 414.3 8.517 7.443 8.010 7.830 5235SS KLCC 7.900 0.090 422.9 7.945 16.25 4.58 14,262.1 1.267 1.130 1.140 1.130 5123 MQREIT 1.130 -0.010 293.2 1.132 17.25 7.42 1,206.8 1.711 1.320 1.360 1.350 5212 PAVREIT 1.360 0.010 220.9 1.357 16.48 6.06 4,126.9 1.868 1.566 1.710 1.680 5176 SUNREIT 1.700 UNCH 3439.9 1.698 11.42 5.70 5,006.6 1.199 1.103 1.140 1.130 5111 TWRREIT 1.130 UNCH 20 1.132 16.01 5.31 317.0 1.712 1.480 1.510 1.510 5110 UOAREIT 1.510 -0.020 38.9 1.510 16.87 5.66 638.5 1.280 1.103 1.170 1.160 5109 YTLREIT 1.170 UNCH 1542.4 1.165 52.94 6.61 1,994.1SPAC 0.720 0.715 — — 5234 CLIQ 0.720 — — — — — 454.3 0.480 0.445 0.470 0.465 5270 RSENA 0.465 -0.005 141 0.469 — — 465.0 0.480 0.475 — — 5241 SONA 0.475 — — — — — 670.1

MarketsB U R S A M A L A Y S I A M A I N M A R K E T . A C E M A R K E T


CONSUMER PRODUCTS 0.285 0.215 0.240 0.230 0179 BIOHLDG 0.230 -0.005 3547.7 0.232 26.14 0.43 186.2 0.265 0.120 0.135 0.130 0170 KANGER 0.130 -0.005 498.4 0.130 12.50 — 104.5 0.295 0.180 0.195 0.190 0182 LKL 0.190 Unch 76.7 0.190 86.36 1.84 81.5 0.450 0.260 0.280 0.275 0148 SUNZEN 0.275 -0.005 90 0.276 26.19 1.09 132.7 0.085 0.030 0.060 0.055 0095 XINGHE 0.060 Unch 8729.6 0.056 5.66 — 154.4INDUSTRIAL PRODUCTS 0.192 0.100 0.120 0.110 0105 ASIAPLY 0.115 -0.005 300.2 0.114 12.64 4.35 48.8 0.130 0.090 0.100 0.095 0072 AT 0.095 -0.005 100 0.097 — — 40.1 0.445 0.250 0.275 0.265 0163 CAREPLS 0.275 -0.015 1984.7 0.270 196.43 — 139.2 0.330 0.155 0.190 0.185 0102 CONNECT 0.185 -0.005 167.5 0.188 20.11 — 60.6 0.443 0.305 0.320 0.320 0190 ESAFE 0.320 0.005 290 0.320 47.06 — 77.0 0.500 0.185 0.225 0.225 0100 ESCERAM 0.225 Unch 23 0.225 14.80 2.67 46.2 0.370 0.215 0.255 0.240 0175 HHGROUP 0.245 0.005 527 0.247 34.03 — 75.6 0.145 0.090 0.115 0.105 0160 HHHCORP 0.110 0.005 3077.7 0.109 20.00 — 36.7 0.355 0.222 0.255 0.240 0188 HLT 0.240 -0.015 616.6 0.248 — — 95.6 0.555 0.205 0.335 0.320 0162 IJACOBS 0.335 -0.010 561.5 0.333 28.39 — 45.8 0.149 0.085 0.095 0.090 0024 JAG 0.090 -0.005 4440.3 0.092 12.00 2.11 124.0 0.250 0.145 0.170 0.165 0025 LNGRES 0.165 -0.010 1768.1 0.167 18.33 — 39.9 0.115 0.040 0.060 0.060 0070 MQTECH 0.060 Unch 1350 0.060 — — 24.9 0.848 0.429 0.605 0.595 0049 OCNCASH 0.605 0.010 271.8 0.602 12.53 1.32 134.9 0.610 0.180 0.300 0.285 0038 PTB 0.285 -0.015 86 0.296 — — 42.9 0.175 0.100 0.120 0.115 0133 SANICHI 0.115 Unch 243.1 0.115 — — 40.1 0.060 0.025 0.035 0.030 0109 SCBUILD 0.030 Unch 172 0.030 — — 26.5 0.460 0.125 0.425 0.410 0001 SCOMNET 0.415 Unch 1280.5 0.418 41.09 — 100.8 0.289 0.152 0.180 0.175 0028 SCOPE 0.175 -0.005 89.5 0.179 29.17 2.86 98.1 0.290 0.140 0.170 0.165 0055 SERSOL 0.170 Unch 492.8 0.166 141.67 — 36.6 0.875 0.159 0.460 0.440 0084 TECFAST 0.440 Unch 401.6 0.453 23.40 0.86 100.4TECHNOLOGY 0.995 0.290 0.645 0.610 0018 ACCSOFT 0.620 -0.010 8246.4 0.629 29.25 — 518.2 0.750 0.320 0.550 0.525 0181 AEMULUS 0.525 -0.015 2734.1 0.541 29.01 — 230.4 0.455 0.310 0.355 0.350 0119 APPASIA 0.350 -0.005 411.2 0.350 — — 120.8 0.450 0.120 0.155 0.150 0068 ASDION 0.155 Unch 137.2 0.153 — — 18.0 1.020 0.580 1.020 0.965 0098 BAHVEST 0.990 0.025 6502.3 0.996 — — 596.4 0.644 0.450 0.480 0.465 0195 BINACOM 0.465 -0.015 785.8 0.472 — 1.08 120.9 0.764 0.585 0.615 0.600 0191 CABNET 0.600 -0.035 52 0.612 11.70 — 78.0 0.250 0.030 0.190 0.170 0152 DGB 0.175 -0.010 51581.1 0.184 125.00 — 102.8 0.160 0.030 0.115 0.105 0131 DGSB 0.110 Unch 21265.1 0.110 — — 149.1 0.068 0.035 0.045 0.040 0154 EAH 0.045 0.005 35772.1 0.045 32.14 — 156.5 0.215 0.100 0.110 0.105 0107 EDUSPEC 0.105 -0.005 196 0.105 — — 105.2 0.500 0.080 0.375 0.375 0116 FOCUS 0.375 Unch 25 0.375 — — 294.2 1.750 0.820 1.470 1.440 0104 GENETEC 1.460 Unch 152.2 1.455 — — 56.5 0.090 0.035 — — 0045 GNB 0.035 — — — — — 10.1 0.195 0.080 0.150 0.145 0074 GOCEAN 0.145 -0.005 50.7 0.148 — — 42.0 0.100 0.045 0.060 0.055 0174 IDMENSN 0.055 Unch 812 0.056 55.00 — 29.9 0.499 0.325 0.395 0.375 0023 IFCAMSC 0.380 Unch 9545.5 0.388 20.00 1.32 231.2 0.145 0.060 0.090 0.085 0094 INIX 0.085 -0.005 1405.8 0.085 — — 21.6 0.245 0.115 0.185 0.175 0010 IRIS 0.175 -0.010 8622.9 0.179 — — 432.6 1.450 0.287 0.920 0.910 0146 JFTECH 0.920 -0.015 34.3 0.912 1.18 1.30 193.2 1.694 1.530 1.590 1.550 0127 JHM 1.570 -0.020 616.2 1.564 26.12 0.48 825.2 0.270 0.150 0.175 0.170 0111 K1 0.170 -0.010 362.7 0.170 — — 88.3 0.460 0.100 0.110 0.100 0036 KGROUP 0.100 -0.010 7284 0.107 — — 42.8 1.280 0.340 0.830 0.780 0176 KRONO 0.780 -0.025 5632.2 0.806 18.31 — 255.8 0.180 0.050 0.135 0.130 0017 M3TECH 0.130 -0.005 2150.4 0.134 — — 76.3 0.690 0.230 0.560 0.520 0075 MEXTER 0.520 -0.030 325.3 0.531 — — 134.1 0.520 0.300 — — 0155 MGRC 0.300 — — — — — 31.1 1.160 0.550 0.620 0.550 0126 MICROLN 0.620 -0.040 927.1 0.583 10.05 — 103.8 0.583 0.380 0.395 0.390 0112 MIKROMB 0.395 Unch 125 0.394 16.60 3.62 170.2 0.465 0.065 0.075 0.065 0085 MLAB 0.075 Unch 3591.9 0.070 — — 50.3 0.268 0.153 0.175 0.170 0034 MMAG 0.175 Unch 714.5 0.172 — — 79.7 2.028 0.581 1.720 1.670 0113 MMSV 1.700 0.030 957.1 1.696 13.13 1.18 277.1 0.130 0.055 0.085 0.080 0103 MNC 0.080 -0.005 225 0.082 — — 38.3 0.310 0.195 0.225 0.215 0156 MPAY 0.220 0.015 8595.4 0.219 — — 156.3 0.684 0.125 0.170 0.160 0092 MTOUCHE 0.165 Unch 3132.3 0.163 23.91 — 83.9 1.140 0.700 1.020 0.950 0108 N2N 0.955 -0.040 3296.4 0.984 21.18 2.09 457.3 0.110 0.020 0.040 0.035 0020 NETX 0.040 Unch 76564.2 0.039 16.00 — 97.6 0.055 0.030 0.035 0.030 0096 NEXGRAM 0.035 Unch 1016.1 0.035 — — 65.9 0.150 0.070 0.115 0.110 0026 NOVAMSC 0.115 0.005 4240.9 0.114 — — 78.6 0.642 0.355 0.435 0.400 0035 OPCOM 0.405 0.030 553.5 0.414 31.89 9.88 65.3 0.379 0.270 0.325 0.310 0040 OPENSYS 0.315 0.015 2622.7 0.317 19.94 3.17 93.8 0.380 0.115 0.145 0.135 0079 ORION 0.135 -0.020 30917.2 0.140 — — 80.9 0.230 0.125 0.135 0.130 0123 PRIVA 0.130 Unch 52.6 0.130 — — 72.6 0.944 0.602 0.730 0.730 0106 REXIT 0.730 Unch 11 0.730 16.82 4.11 138.2 0.430 0.271 0.340 0.330 0178 SEDANIA 0.340 0.005 497 0.334 79.07 2.94 76.8 0.190 0.065 0.090 0.085 0060 SKH 0.090 0.005 245 0.088 37.50 — 54.9 0.280 0.120 0.215 0.185 0169 SMTRACK 0.185 -0.020 12943.3 0.200 — — 25.1 0.343 0.190 0.200 0.190 0093 SOLUTN 0.195 -0.020 2561.3 0.196 6.68 5.13 59.8 0.360 0.120 0.250 0.235 0129 SRIDGE 0.235 -0.010 6244.7 0.245 — — 28.4 0.470 0.230 0.305 0.305 0050 SYSTECH 0.305 Unch 116 0.305 66.30 0.98 106.1 0.180 0.125 0.135 0.130 0132 TDEX 0.130 Unch 167.8 0.130 108.33 — 70.7 0.580 0.055 0.420 0.400 0005 UCREST 0.405 -0.010 8236.9 0.408 19.38 — 170.5 0.965 0.430 0.535 0.490 0120 VIS 0.510 Unch 348.5 0.511 12.72 0.65 86.0 0.185 0.090 0.100 0.090 0069 VIVOCOM 0.095 -0.005 46286.9 0.096 22.62 — 322.9 0.155 0.080 0.135 0.130 0066 VSOLAR 0.135 Unch 2305.5 0.135 — — 52.1 0.055 0.020 — — 0141 WINTONI 0.035 — — — — — 18.0 0.275 0.110 0.175 0.165 0086 YGL 0.165 -0.010 45 0.166 — — 38.3TRADING SERVICES 0.310 0.220 — — 0122 AIM 0.255 — — — — — 67.8 0.165 0.080 0.105 0.100 0048 ANCOMLB 0.100 0.005 35 0.104 — — 47.3 0.250 0.155 0.165 0.160 0187 BCMALL 0.165 Unch 1747.6 0.160 27.97 — 69.5 0.392 0.265 0.270 0.270 0011 BTECH 0.270 -0.025 9 0.270 17.09 5.93 68.0 0.235 0.118 0.140 0.135 0150 FINTEC 0.140 0.005 6306.8 0.140 0.86 — 67.4 0.320 0.150 0.195 0.185 0157 FOCUSP 0.195 0.025 166.7 0.193 — — 32.2 0.759 0.430 0.565 0.550 0039 GFM 0.550 -0.020 254.1 0.556 22.45 2.64 235.5 0.800 0.570 — — 0147 INNITY 0.680 — — — — — 94.1 0.330 0.245 0.285 0.275 0193 KAB 0.285 0.005 1160.6 0.282 10.40 3.51 91.2 0.310 0.165 0.175 0.170 0180 KTC 0.175 Unch 596.6 0.175 92.11 — 89.3 0.350 0.170 0.180 0.170 0167 MCLEAN 0.170 -0.010 183.5 0.175 — — 30.4 0.440 0.175 0.190 0.190 0081 MEGASUN 0.190 -0.005 9 0.190 9.55 — 41.7 0.280 0.170 — — 0153 OVERSEA 0.200 — — — — — 49.3 0.310 0.135 0.165 0.165 0022 PARLO 0.165 -0.005 265 0.165 — — 60.1 0.200 0.115 0.165 0.150 0177 PASUKGB 0.155 -0.010 1534.1 0.158 — — 125.8 0.450 0.280 — — 0006 PINEAPP 0.430 — — — 76.79 — 20.9 0.364 0.228 0.310 0.305 0171 PLABS 0.310 0.005 200.1 0.307 18.67 1.94 66.6 0.350 0.135 0.300 0.290 0186 PTRANS 0.295 -0.005 4513.7 0.296 13.05 3.08 371.5 0.355 0.085 0.280 0.265 0007 PUC 0.275 Unch 48472.6 0.272 161.76 — 412.2 0.615 0.315 0.325 0.325 0032 REDTONE 0.325 0.005 30 0.325 — — 246.4 0.635 0.360 0.395 0.390 0173 REV 0.390 -0.010 140.9 0.390 0.99 — 52.5 0.698 0.452 0.540 0.540 0158 SCC 0.540 0.005 9.1 0.540 12.39 5.78 76.2 0.275 0.165 0.225 0.220 0161 SCH 0.220 Unch 662 0.221 29.73 — 90.7 0.300 0.145 0.195 0.190 0117 SMRT 0.190 -0.010 49.7 0.193 — — 69.3 0.315 0.140 0.295 0.285 0140 STERPRO 0.295 0.010 402 0.295 — — 94.8 0.300 0.115 0.275 0.270 0080 STRAITS 0.275 0.010 1073.6 0.270 36.67 — 101.2 0.907 0.700 0.760 0.750 0089 TEXCYCL 0.750 -0.030 13.3 0.758 10.12 0.53 192.1 0.230 0.125 0.155 0.145 0145 TFP 0.155 Unch 13 0.147 — — 31.8 0.145 0.095 0.100 0.095 0165 XOX 0.100 Unch 9232.4 0.100 15.63 — 99.3FINANCE 0.965 0.434 0.640 0.630 0053 OSKVI 0.640 Unch 17.6 0.640 3.66 3.13 126.5

MarketsB U R S A M A L A Y S I A E Q U I T Y D E R I V A T I V E S

WEDNESDAY FEBRUARY 28, 2018 • THEEDGE FINANCIAL DAILY 2 8

Bursa Malaysia Equity Derivatives

0.515 0.150 0.365 0.300 70312 A50CHIN-C12 0.300 -0.055 1258 7.962 8.486 12.23 28/06/2018 0.110 0.025 0.075 0.065 523810 AAX-C10 0.075 0.005 1202.1 0.435 0.400 9.20 26/04/2018 0.145 0.035 0.115 0.105 523811 AAX-C11 0.110 Unch 8117.1 0.435 0.380 12.64 21/06/2018 0.095 0.025 0.075 0.070 523812 AAX-C12 0.075 0.005 2658.1 0.435 0.360 3.45 30/03/2018 0.110 0.065 0.100 0.095 523813 AAX-C13 0.100 Unch 70 0.435 0.410 17.24 06/08/2018 0.100 0.065 0.095 0.090 523814 AAX-C14 0.090 -0.005 5827.8 0.435 0.450 28.28 31/10/2018 0.310 0.145 0.205 0.195 5238WA AAX-WA 0.195 -0.005 1325.1 0.435 0.460 50.57 08/06/2020 0.310 0.095 0.310 0.300 509958 AIRASIAC58 0.310 Unch 3320.5 4.460 3.300 1.79 26/04/2018 0.145 0.030 0.055 0.045 5014CV AIRPORT-CV 0.050 0.005 718.2 8.790 8.800 4.10 30/04/2018 0.420 0.145 0.185 0.170 7609WA AJIYA-WA 0.170 Unch 435.1 0.580 0.920 87.93 28/08/2021 0.135 0.010 0.030 0.020 1015C1 AMBANK-C1 0.030 Unch 614.9 4.540 5.000 12.11 30/04/2018 0.295 0.080 0.210 0.200 1015C5 AMBANK-C5 0.200 Unch 750 4.540 4.300 5.73 28/09/2018 0.095 0.075 0.095 0.095 1015C7 AMBANK-C7 0.095 0.005 370 4.540 5.000 15.36 30/11/2018 0.170 0.045 0.055 0.050 6556CF ANNJOO-CF 0.055 Unch 470.1 3.800 4.000 11.49 30/04/2018 0.115 0.020 0.045 0.040 6556CG ANNJOO-CG 0.045 Unch 955.4 3.800 4.380 20.36 14/05/2018 0.155 0.050 0.090 0.085 6556CH ANNJOO-CH 0.090 Unch 852 3.800 4.000 17.58 24/07/2018 0.130 0.050 0.090 0.090 6556CI ANNJOO-CI 0.090 Unch 95 3.800 3.880 16.32 31/07/2018 0.160 0.090 0.145 0.135 6556CK ANNJOO-CK 0.145 Unch 817.7 3.800 4.400 29.14 28/09/2018 0.170 0.080 0.165 0.145 6556CL ANNJOO-CL 0.155 Unch 2266 3.800 4.000 13.42 31/10/2018 0.265 0.035 0.035 0.035 9342WB ANZO-WB 0.035 Unch 350 0.080 0.250 256.25 25/08/2023 0.070 0.030 0.035 0.030 9342WC ANZO-WC 0.035 Unch 100.1 0.080 0.200 193.75 18/06/2020 0.030 0.005 0.005 0.005 5194WA APFT-WA 0.005 Unch 50 0.015 0.400 2,600 13/07/2018 0.240 0.085 0.215 0.180 521029 ARMADA-C29 0.215 0.020 1930.6 0.895 0.750 1.82 29/06/2018 0.190 0.100 0.175 0.155 521030 ARMADA-C30 0.175 0.015 3686 0.895 0.750 3.35 29/06/2018 0.175 0.085 0.145 0.130 521031 ARMADA-C31 0.145 0.005 600 0.895 0.780 3.35 29/06/2018 0.205 0.100 0.180 0.160 521032 ARMADA-C32 0.180 0.010 1193.1 0.895 0.670 1.01 29/06/2018 0.095 0.040 0.085 0.070 521033 ARMADA-C33 0.085 0.015 12652.5 0.895 0.800 6.48 24/07/2018 0.090 0.040 0.080 0.070 521034 ARMADA-C34 0.080 0.010 1776.6 0.895 0.850 11.06 25/09/2018 0.140 0.060 0.110 0.095 521035 ARMADA-C35 0.110 0.005 183.1 0.895 0.850 8.49 31/07/2018 0.080 0.060 0.080 0.075 521036 ARMADA-C36 0.080 Unch 3220 0.895 1.000 26.03 28/09/2018 0.115 0.080 0.115 0.095 521037 ARMADA-C37 0.115 0.020 756 0.895 0.900 13.41 30/11/2018 0.350 0.020 0.050 0.030 0068WB ASDION-WB 0.050 0.010 320.2 0.155 0.500 254.84 24/03/2019 0.105 0.065 0.085 0.075 4057WB ASIAPAC-WB 0.085 Unch 1022.3 0.165 0.250 103.03 25/05/2022 0.075 0.045 0.055 0.050 0105WB ASIAPLY-WB 0.055 Unch 77.6 0.115 0.100 34.78 12/12/2022 0.140 0.030 0.030 0.030 6399C5 ASTRO-C5 0.030 Unch 53 2.500 2.900 17.80 31/07/2018 0.045 0.020 0.025 0.025 0072WA AT-WA 0.025 -0.005 50 0.095 0.270 210.53 28/01/2019 0.664 0.117 0.295 0.260 7099WB ATTA-WB 0.260 -0.015 847.7 0.995 0.870 13.57 09/05/2022 0.608 0.145 0.285 0.245 7099WC ATTA-WC 0.245 -0.040 36.2 0.995 0.870 12.06 18/11/2024 0.125 0.045 0.065 0.045 688821 AXIATA-C21 0.065 -0.055 260.4 5.460 5.350 2.75 19/03/2018 0.220 0.145 0.155 0.145 688822 AXIATA-C22 0.155 -0.025 613.8 5.460 5.000 5.77 29/06/2018 0.125 0.085 0.125 0.085 688823 AXIATA-C23 0.120 -0.030 952.2 5.460 6.000 14.29 30/11/2018 0.635 0.180 0.635 0.595 0098WA BAHVEST-WA 0.610 0.020 3866.3 0.990 0.870 49.49 20/08/2024 0.085 0.015 0.025 0.025 4162CJ BAT-CJ 0.025 -0.005 70 28.000 43.500 57.59 31/07/2018 0.270 0.075 0.115 0.110 5248CT BAUTO-CT 0.115 -0.005 85 2.180 2.100 4.24 31/07/2018 0.115 0.080 0.090 0.085 5258CW BIMB-CW 0.090 -0.015 440 4.190 4.500 15.99 21/09/2018 0.450 0.265 0.290 0.280 5258WA BIMB-WA 0.290 0.005 370 4.190 4.720 19.57 04/12/2023 0.155 0.065 0.075 0.070 6998WA BINTAI-WA 0.075 -0.005 275 0.160 0.200 71.88 15/06/2020 0.230 0.115 0.145 0.135 0179WA BIOHLDG-WA 0.135 -0.010 2324.3 0.230 0.220 54.35 05/01/2022 0.193 0.005 0.005 0.005 3239WA BJASSET-WA 0.005 -0.005 3022.5 0.475 0.500 6.32 16/03/2018 0.095 0.030 0.035 0.035 3395C5 BJCORP-C5 0.035 -0.005 1025 0.330 0.350 16.67 24/07/2018 0.160 0.075 0.085 0.085 3395WB BJCORP-WB 0.085 Unch 276.8 0.330 1.000 228.79 22/04/2022 0.175 0.090 0.115 0.115 3395WC BJCORP-WC 0.115 -0.005 550 0.330 1.000 237.88 29/05/2026 0.370 0.050 0.235 0.220 7187WA BKOON-WA 0.235 0.005 400 0.425 0.200 2.35 07/07/2023 0.071 0.030 0.040 0.035 7036WC BORNOIL-WC 0.035 -0.005 2997.9 0.085 0.070 23.53 08/11/2025 0.065 0.035 0.045 0.040 7036WD BORNOIL-WD 0.040 -0.005 205.1 0.085 0.070 29.41 29/05/2027 0.135 0.029 0.070 0.065 9938WB BRIGHT-WB 0.065 Unch 422.5 0.255 0.650 180.39 12/01/2019 0.180 0.020 0.180 0.130 181813 BURSA-C13 0.160 0.035 714.3 11.300 10.500 0.00 30/03/2018 0.260 0.055 0.260 0.230 181814 BURSA-C14 0.235 0.010 892.7 11.300 10.000 0.97 29/06/2018 0.240 0.105 0.240 0.220 181815 BURSA-C15 0.225 0.020 930 11.300 10.000 2.43 27/07/2018 0.920 0.660 0.800 0.800 7174WA CAB-WA 0.800 0.005 50 0.970 0.170 0.00 08/02/2020 0.220 0.080 0.100 0.100 5195WB CENSOF-WB 0.100 Unch 90.3 0.245 0.460 128.57 07/10/2019 0.165 0.065 0.155 0.140 102326 CIMB-C26 0.145 0.010 2613 7.290 6.880 4.32 26/04/2018 0.110 0.005 0.015 0.015 102327 CIMB-C27 0.015 Unch 704.6 5.340 7.700 45.32 19/03/2018 0.380 0.150 0.375 0.335 102328 CIMB-C28 0.355 0.015 230.3 7.290 6.000 1.78 30/04/2018 0.185 0.095 0.175 0.170 102329 CIMB-C29 0.175 0.010 574.6 7.290 6.380 6.72 31/07/2018 0.350 0.140 0.335 0.305 102330 CIMB-C30 0.315 0.015 10384.7 7.290 6.700 5.73 29/06/2018 0.190 0.115 0.170 0.160 102331 CIMB-C31 0.160 0.005 260.2 7.290 7.000 9.19 21/09/2018 0.160 0.125 0.160 0.150 102332 CIMB-C32 0.155 0.010 5281.3 7.290 7.900 19.00 28/09/2018 0.205 0.080 0.100 0.100 0102WA CONNECT-WA 0.100 0.005 1340 0.185 0.100 8.11 17/09/2021 0.205 0.050 0.110 0.100 0102WB CONNECT-WB 0.110 0.010 50 0.185 0.100 13.51 07/06/2021 0.365 0.060 0.275 0.265 0051WA CUSCAPI-WA 0.265 -0.010 479.9 0.555 0.270 -3.60 24/04/2018 0.035 0.010 0.020 0.015 7179WB DBE-WB 0.015 Unch 2299 0.035 0.050 85.71 22/01/2022 0.220 0.110 0.150 0.140 3484WA DBHD-WA 0.150 0.010 611.7 0.550 0.580 32.73 27/11/2020 0.230 0.055 0.220 0.215 727718 DIALOG-C18 0.220 0.015 94 2.760 2.300 1.67 30/03/2018 0.245 0.105 0.245 0.235 727719 DIALOG-C19 0.240 -0.005 120 2.760 2.080 1.45 29/06/2018 0.380 0.115 0.365 0.320 727723 DIALOG-C23 0.360 0.025 677 2.760 2.300 2.90 30/08/2018 0.190 0.135 0.185 0.185 727724 DIALOG-C24 0.185 0.015 100 2.760 2.400 7.07 23/08/2018 0.140 0.075 0.125 0.110 727725 DIALOG-C25 0.120 0.020 1435.6 2.760 2.900 14.64 31/07/2018 0.370 0.125 0.190 0.180 4456WD DNEX-WD 0.180 -0.005 5259.3 0.470 0.500 44.68 30/07/2021 0.280 0.070 0.150 0.145 7114WA DNONCE-WA 0.150 Unch 526.3 0.320 0.250 25.00 25/11/2020 0.095 0.040 0.050 0.050 5265WA DOLPHIN-WA 0.050 Unch 96.3 0.150 0.800 466.67 29/03/2021 0.070 0.035 0.050 0.045 7198WB DPS-WB 0.045 -0.005 360.7 0.080 0.100 81.25 15/01/2025 0.485 0.040 0.415 0.390 161937 DRBHCOMC37 0.395 -0.010 3262.8 2.670 1.850 -1.12 30/03/2018 0.285 0.045 0.270 0.270 161939 DRBHCOMC39 0.270 -0.015 101 2.670 1.880 0.75 30/03/2018 0.250 0.030 0.225 0.225 161940 DRBHCOMC40 0.225 -0.010 50 2.670 2.000 0.19 30/03/2018 0.215 0.020 0.195 0.180 161941 DRBHCOMC41 0.190 -0.005 355 2.670 2.150 1.87 30/03/2018 0.550 0.095 0.515 0.510 161942 DRBHCOMC42 0.515 -0.015 165 2.670 1.650 0.37 31/05/2018 0.380 0.075 0.360 0.340 161944 DRBHCOMC44 0.350 Unch 261.1 2.670 2.000 1.12 09/04/2018 0.395 0.080 0.365 0.350 161945 DRBHCOMC45 0.350 -0.010 395 2.670 1.950 1.87 29/06/2018 0.380 0.135 0.370 0.355 161946 DRBHCOMC46 0.355 -0.015 377.1 2.670 1.650 1.69 27/07/2018 0.280 0.205 0.265 0.250 161947 DRBHCOMC47 0.265 0.005 130 2.670 2.400 16.69 28/09/2018 0.300 0.140 0.285 0.260 161948 DRBHCOMC48 0.275 0.010 9670.8 2.670 2.200 18.45 21/09/2018 0.215 0.150 0.185 0.185 161949 DRBHCOMC49 0.185 Unch 109.5 2.670 3.000 33.15 31/10/2018 0.160 0.080 0.135 0.125 161950 DRBHCOMC50 0.125 -0.010 424 2.670 2.800 18.91 25/07/2018 0.270 0.140 0.255 0.240 161951 DRBHCOMC51 0.240 -0.010 1543.1 2.670 2.500 11.61 31/10/2018 0.250 0.175 0.210 0.210 161952 DRBHCOMC52 0.210 -0.005 245 2.670 2.600 20.97 06/08/2018 0.200 0.125 0.165 0.150 161953 DRBHCOMC53 0.155 -0.010 3919.4 2.670 2.500 16.85 28/09/2018 0.155 0.100 0.125 0.125 161954 DRBHCOMC54 0.125 Unch 200 2.670 3.100 32.49 13/08/2018 0.165 0.125 0.155 0.150 161955 DRBHCOMC55 0.150 -0.005 6225.6 2.670 3.500 47.94 31/10/2018 0.120 0.025 0.030 0.025 5216C1 DSONIC-C1 0.030 -0.005 2731.8 1.050 1.150 15.24 19/04/2018 0.080 0.020 0.030 0.025 5216C3 DSONIC-C3 0.030 Unch 168.5 1.050 1.280 27.62 29/06/2018 0.105 0.070 0.080 0.080 5216C6 DSONIC-C6 0.080 -0.005 1233 1.050 1.100 23.81 31/10/2018 0.033 0.010 0.015 0.015 0154WB EAH-WB 0.015 Unch 975.6 0.045 0.090 133.33 24/02/2019 0.033 0.010 0.015 0.015 0154WC EAH-WC 0.015 Unch 96.3 0.045 0.070 88.89 18/06/2019 0.030 0.015 0.025 0.020 0154WD EAH-WD 0.025 0.005 260.5 0.045 0.050 66.67 25/10/2022 0.230 0.035 0.070 0.060 5253CF ECONBHD-CF 0.060 -0.020 101.2 1.210 1.180 3.47 22/03/2018 0.190 0.045 0.060 0.055 5253CG ECONBHD-CG 0.055 Unch 110 1.210 1.240 7.93 30/03/2018 0.140 0.040 0.075 0.070 5253CI ECONBHD-CI 0.070 -0.005 264.2 1.210 1.340 19.54 24/07/2018 0.590 0.260 0.305 0.290 5253WA ECONBHD-WA 0.290 -0.015 1570.2 1.210 1.250 27.27 02/01/2023 0.080 0.040 0.040 0.040 8206CL ECOWLD-CL 0.040 Unch 360 1.300 1.500 21.54 23/08/2018 1.360 0.900 0.970 0.900 0065WA EFORCE-WA 0.955 -0.035 634.2 1.330 0.340 -2.63 17/07/2019 0.515 0.255 0.320 0.305 8907WC EG-WC 0.310 -0.015 101 0.585 0.500 38.46 03/11/2020 0.030 0.010 0.015 0.015 7182WA EKA-WA 0.015 Unch 1485.1 0.080 0.200 168.75 22/01/2019 0.080 0.030 0.045 0.045 8877CE EKOVEST-CE 0.045 Unch 70 1.010 1.200 29.06 29/06/2018 0.175 0.080 0.110 0.100 8877CF EKOVEST-CF 0.105 Unch 3164.7 1.010 1.000 18.76 29/06/2018 0.090 0.040 0.045 0.045 8877CG EKOVEST-CG 0.045 Unch 250 1.010 1.100 21.39 24/07/2018 1.350 0.475 0.630 0.625 8877WB EKOVEST-WB 0.630 Unch 258.5 1.010 0.480 9.90 25/06/2019 0.450 0.200 0.240 0.235 5283WA EWINT-WA 0.235 Unch 149.5 1.060 1.450 58.96 02/04/2022 0.570 0.190 0.435 0.430 7047WB FAJAR-WB 0.430 -0.005 132.6 0.810 0.700 39.51 24/09/2019 0.185 0.005 0.185 0.180 06503F FBMKLCI-C3F 0.180 0.010 314.7 1,871 1,780 -0.08 30/03/2018 0.265 0.035 0.265 0.255 06503J FBMKLCI-C3J 0.265 0.020 49 1,871 1,740 0.06 31/05/2018 0.255 0.030 0.255 0.255 06503K FBMKLCI-C3K 0.255 0.025 35 1,871 1,750 0.32 29/06/2018 0.140 0.055 0.140 0.125 06503N FBMKLCI-C3N 0.130 0.010 316.2 1,871 1,830 1.26 31/07/2018 0.120 0.055 0.120 0.115 06503O FBMKLCI-C3O 0.115 0.005 158.4 1,871 1,850 1.93 30/08/2018 0.215 0.010 0.015 0.015 06504H FBMKLCI-H4H 0.015 Unch 300 687.218 1,780 160.11 30/03/2018 0.585 0.145 0.210 0.210 06504J FBMKLCI-H4J 0.210 -0.010 33.3 1,871 1,780 -2.64 30/04/2018 0.180 0.005 0.030 0.025 06504K FBMKLCI-H4K 0.030 Unch 133 1,379 1,755 28.30 30/04/2018 0.170 0.015 0.040 0.030 06504L FBMKLCI-H4L 0.035 Unch 534.3 1,637 1,740 7.36 31/05/2018 0.205 0.025 0.055 0.050 06504M FBMKLCI-H4M 0.055 Unch 1543 1,871 1,750 -5.02 29/06/2018 0.495 0.275 0.305 0.305 06504O FBMKLCI-H4O 0.305 -0.020 296.5 1,871 1,810 -0.02 29/06/2018 0.195 0.065 0.100 0.085 06504P FBMKLCI-H4P 0.100 Unch 1721.5 1,871 1,830 0.46 31/07/2018 0.175 0.105 0.115 0.105 06504Q FBMKLCI-H4Q 0.115 -0.010 1628.7 1,871 1,850 1.93 30/08/2018 0.540 0.500 0.525 0.500 06504S FBMKLCI-H4S 0.525 -0.015 180 1,871 1,840 3.93 30/08/2018 0.245 0.065 0.145 0.120 522231 FGV-C31 0.125 -0.015 10278.8 1.980 1.630 -1.89 30/03/2018 0.115 0.035 0.045 0.045 522235 FGV-C35 0.045 Unch 300 1.980 2.150 13.13 30/03/2018 0.315 0.100 0.220 0.205 522239 FGV-C39 0.210 -0.010 765.4 1.980 1.750 6.94 31/07/2018 0.135 0.050 0.080 0.070 522240 FGV-C40 0.075 -0.005 687 1.980 2.200 19.82 29/06/2018 0.190 0.075 0.125 0.110 522241 FGV-C41 0.110 -0.010 2755.1 1.980 2.000 13.23 25/06/2018 0.215 0.110 0.160 0.150 522242 FGV-C42 0.150 -0.010 95 1.980 1.900 16.41 28/09/2018 0.080 0.040 0.060 0.060 522244 FGV-C44 0.060 0.005 150 1.980 2.300 24.65 25/07/2018 0.145 0.105 0.125 0.125 522247 FGV-C47 0.125 -0.010 2212.4 1.980 2.450 38.89 31/10/2018 0.145 0.090 0.135 0.120 522248 FGV-C48 0.125 -0.010 590.6 1.980 2.100 18.69 30/11/2018 0.105 0.045 0.055 0.055 0150WB FINTEC-WB 0.055 Unch 803 0.140 0.150 46.43 03/12/2022 0.740 0.360 0.400 0.390 9261WB GADANG-WB 0.390 -0.005 210 1.070 1.060 35.51 29/11/2021 0.045 0.010 0.020 0.010 539838 GAMUDA-C38 0.015 0.005 1297.2 5.000 5.680 15.40 30/04/2018 0.120 0.025 0.050 0.045 539839 GAMUDA-C39 0.050 Unch 149.2 5.000 5.350 10.00 31/05/2018 1.480 1.060 1.220 1.170 5398WE GAMUDA-WE 1.220 0.040 1869.7 5.000 4.050 5.40 06/03/2021 0.770 0.195 0.600 0.590 5226WA GBGAQRS-WA 0.595 -0.005 690.5 1.930 1.300 -1.81 20/07/2018 0.572 0.350 0.410 0.405 0078WB GDEX-WB 0.410 Unch 85 0.610 0.383 29.92 05/02/2020 0.170 0.065 0.080 0.080 471529 GENM-C29 0.080 0.005 153 5.270 5.500 10.44 31/07/2018 0.250 0.100 0.110 0.105 471530 GENM-C30 0.110 0.005 2119.2 5.270 6.000 19.07 31/07/2018 0.145 0.065 0.070 0.065 471531 GENM-C31 0.065 Unch 291 5.270 5.800 15.98 24/07/2018 0.250 0.140 0.155 0.145 471532 GENM-C32 0.145 0.005 162 5.270 5.100 7.78 27/07/2018 0.135 0.065 0.070 0.070 471533 GENM-C33 0.070 Unch 170 5.270 6.000 17.84 31/10/2018 0.145 0.105 0.115 0.110 471536 GENM-C36 0.110 0.005 290 5.270 5.600 16.28 28/09/2018 1.950 1.300 1.430 1.380 3182WA GENTING-WA 1.380 -0.030 1130.5 8.990 7.960 3.89 18/12/2018 0.135 0.045 0.055 0.050 318246 GENTINGC46 0.050 Unch 1171.3 8.990 9.850 12.35 31/07/2018 0.145 0.070 0.070 0.070 318249 GENTINGC49 0.070 Unch 200 8.990 10.000 15.13 11/06/2018 0.210 0.070 0.210 0.210 3204CD GKENT-CD 0.210 Unch 120 4.370 3.700 3.89 31/05/2018 0.235 0.110 0.235 0.225 3204CE GKENT-CE 0.225 -0.005 1264 4.370 3.700 5.26 06/08/2018 0.055 0.025 0.030 0.030 7096WA GPA-WA 0.030 -0.005 276.8 0.090 0.100 44.44 03/06/2025 0.145 0.070 0.075 0.075 7022CM GTRONIC-CM 0.075 -0.005 1200 6.220 6.600 16.36 24/07/2018 0.195 0.055 0.125 0.100 3034CV HAPSENG-CV 0.120 0.020 1232.4 9.570 9.000 0.31 30/04/2018 0.120 0.055 0.120 0.090 3034CW HAPSENG-CW 0.115 0.025 304.6 9.570 10.000 8.10 30/11/2018

YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE


0.195 0.110 0.175 0.170 5168C6 HARTA-C6 0.175 -0.005 530 11.600 12.000 18.53 24/08/2018 0.120 0.090 0.105 0.100 5168C9 HARTA-C9 0.100 -0.015 881.9 11.600 12.000 14.66 30/11/2018 1.540 0.255 1.010 0.990 4324CD HENGYUAN-CD 1.010 Unch 596 15.100 7.000 -0.13 19/03/2018 1.170 0.170 0.705 0.680 4324CE HENGYUAN-CE 0.695 0.005 643.2 15.100 8.800 -0.30 19/03/2018 1.080 0.175 0.625 0.605 4324CF HENGYUAN-CF 0.625 Unch 84 15.100 8.880 0.20 22/03/2018 0.995 0.125 0.715 0.685 4324CH HENGYUAN-CH 0.695 -0.005 2090.1 15.100 8.000 8.21 29/06/2018 0.620 0.145 0.405 0.390 4324CI HENGYUAN-CI 0.390 -0.015 106.9 15.100 7.880 3.84 29/06/2018 0.595 0.125 0.375 0.370 4324CJ HENGYUAN-CJ 0.370 -0.010 875.8 15.100 8.580 5.83 29/06/2018 0.850 0.150 0.360 0.330 4324CK HENGYUAN-CK 0.335 -0.005 337.5 15.100 10.500 9.47 24/07/2018 0.830 0.280 0.535 0.535 4324CL HENGYUAN-CL 0.535 -0.015 50 15.100 10.600 12.72 31/07/2018 0.670 0.210 0.415 0.380 4324CM HENGYUAN-CM 0.395 -0.030 13860.3 15.100 12.300 15.46 25/06/2018 0.350 0.030 0.245 0.230 4324CO HENGYUAN-CO 0.235 -0.005 5125.7 15.100 18.000 47.22 31/10/2018 0.300 0.160 0.235 0.230 4324CP HENGYUAN-CP 0.230 -0.005 450 15.100 18.880 53.82 06/08/2018 0.220 0.100 0.150 0.140 4324CQ HENGYUAN-CQ 0.145 -0.005 1760.1 15.100 16.880 40.60 28/09/2018 0.210 0.100 0.145 0.145 4324CR HENGYUAN-CR 0.145 -0.005 150 15.100 19.080 50.36 28/09/2018 0.305 0.090 0.300 0.295 5072WB HIAPTEK-WB 0.295 0.005 2556.7 0.515 0.500 54.37 23/06/2021 0.190 0.090 0.155 0.140 5199CA HIBISCS-CA 0.145 -0.010 6082.6 0.950 1.000 35.79 30/11/2018 0.145 0.075 0.120 0.110 5199CB HIBISCS-CB 0.115 -0.010 240 0.950 1.200 50.53 30/11/2018 0.135 0.070 0.080 0.070 5199CC HIBISCS-CC 0.070 -0.010 12450.3 0.950 1.400 67.26 28/09/2018 0.190 0.120 0.125 0.125 0188WA HLT-WA 0.125 -0.005 205 0.240 0.200 35.42 27/12/2022 0.530 0.110 0.140 0.130 5169WA HOHUP-WA 0.140 0.005 177.8 0.550 0.600 34.55 21/12/2018 0.225 0.135 0.200 0.195 7213WB HOVID-WB 0.195 Unch 502.6 0.360 0.180 4.17 05/06/2018 0.055 0.010 0.025 0.025 7013WA HUBLINE-WA 0.025 Unch 268.2 0.110 3.200 2,832 04/11/2019 0.105 0.020 0.070 0.060 7013WB HUBLINE-WB 0.070 0.005 120.5 0.110 0.200 145.45 20/12/2020 0.050 0.015 0.030 0.025 9601WD HWGB-WD 0.025 -0.005 300 0.055 0.080 90.91 15/03/2021 0.235 0.085 0.100 0.095 4251WA IBHD-WA 0.100 Unch 318.7 0.535 1.410 182.24 08/10/2019 0.055 0.020 0.025 0.020 0174WA IDMENSN-WA 0.020 -0.005 85 0.055 0.100 118.18 14/07/2020 0.105 0.035 0.050 0.045 333611 IJM-C11 0.045 -0.005 160 2.900 3.300 16.51 31/07/2018 0.160 0.060 0.090 0.085 333613 IJM-C13 0.085 -0.005 3770 2.900 3.000 12.24 24/08/2018 0.080 0.030 0.045 0.040 333614 IJM-C14 0.045 Unch 40 2.900 3.300 18.45 25/06/2018 0.055 0.010 0.010 0.010 3336C8 IJM-C8 0.010 Unch 155 2.900 3.580 24.83 30/04/2018 0.050 0.005 0.015 0.010 3336C9 IJM-C9 0.015 0.005 121 2.900 3.780 32.41 30/04/2018 0.210 0.100 0.155 0.150 16610 INARI-C10 0.155 Unch 2301.2 3.450 3.800 23.62 31/07/2018 0.100 0.050 0.090 0.080 16612 INARI-C12 0.090 Unch 262.8 3.450 3.800 17.97 31/10/2018 0.215 0.045 0.100 0.090 0166C7 INARI-C7 0.095 Unch 1605.3 3.450 3.500 9.71 14/05/2018 0.490 0.150 0.350 0.335 0166C9 INARI-C9 0.350 0.010 31.1 3.450 2.800 3.99 30/08/2018 0.115 0.020 0.055 0.055 0094WA INIX-WA 0.055 Unch 342.5 0.085 0.100 82.35 16/11/2020 0.545 0.190 0.305 0.295 3379WB INSAS-WB 0.305 0.005 619.3 0.930 1.000 40.32 25/02/2020 0.175 0.085 0.155 0.155 196115 IOICORP-C15 0.155 Unch 308.4 4.790 4.550 2.27 31/07/2018 0.065 0.050 0.055 0.055 5249CR IOIPG-CR 0.055 -0.010 45.4 1.840 2.000 17.66 23/08/2018 0.070 0.020 0.030 0.025 7183WA IRETEX-WA 0.030 Unch 186.3 0.125 0.800 564.00 10/06/2019 0.063 0.030 0.030 0.030 0024WA JAG-WA 0.030 -0.005 3294 0.090 0.100 44.44 14/08/2019 0.045 0.020 0.025 0.025 0024WB JAG-WB 0.025 Unch 69.8 0.090 0.150 94.44 15/11/2020 0.095 0.005 0.005 0.005 5161C3 JCY-C3 0.005 Unch 1180 0.410 0.550 35.37 19/04/2018 0.095 0.010 0.015 0.015 5161C5 JCY-C5 0.015 -0.005 100 0.410 0.550 37.80 29/06/2018 0.170 0.040 0.045 0.045 9083WB JETSON-WB 0.045 -0.005 51.2 0.250 0.750 218.00 06/02/2019 0.180 0.045 0.065 0.055 0170WA KANGER-WA 0.065 0.005 101.4 0.130 0.100 26.92 13/04/2020 0.110 0.055 0.065 0.065 524710 KAREX-C10 0.065 Unch 100 1.080 1.350 37.04 28/09/2018 0.065 0.045 0.045 0.045 524711 KAREX-C11 0.045 -0.005 150 1.080 1.400 40.05 03/09/2018 0.155 0.005 0.010 0.005 5247C4 KAREX-C4 0.010 Unch 100.1 1.080 1.550 44.91 30/04/2018 0.100 0.050 0.055 0.050 5247C9 KAREX-C9 0.055 Unch 356.8 1.080 1.400 42.36 28/09/2018 0.040 0.015 0.040 0.025 3115WC KBUNAI-WC 0.030 0.005 128332.7 0.080 0.131 101.25 20/10/2023 0.140 0.025 0.025 0.025 7161CF KERJAYA-CF 0.025 -0.015 140 1.660 1.955 20.48 09/04/2018 0.160 0.070 0.085 0.070 7161CH KERJAYA-CH 0.070 -0.020 1874.7 1.660 1.955 25.79 24/07/2018 0.490 0.135 0.380 0.360 0151WA KGB-WA 0.360 -0.010 107.4 0.850 0.500 1.18 12/06/2019 0.140 0.005 0.010 0.010 0036WA KGROUP-WA 0.010 Unch 225.6 0.100 0.400 310.00 02/07/2018 0.120 0.030 0.035 0.030 0036WB KGROUP-WB 0.035 Unch 357.8 0.100 0.200 135.00 01/05/2020 0.115 0.050 0.060 0.060 7164WB KNM-WB 0.060 -0.005 296.1 0.230 1.000 360.87 21/04/2020 0.092 0.050 0.065 0.065 7017WB KOMARK-WB 0.065 0.005 150 0.195 0.230 51.28 21/01/2020 0.260 0.140 0.230 0.230 7153CW KOSSAN-CW 0.230 -0.005 55 8.670 8.000 9.52 24/08/2018 0.320 0.010 0.040 0.025 8494WA LBICAP-WA 0.040 0.005 596.5 1.070 1.000 -2.80 17/04/2018 0.145 0.020 0.055 0.040 5284CG LCTITAN-CG 0.050 0.005 11097.9 5.430 6.500 25.23 30/04/2018 0.095 0.035 0.050 0.045 5068WA LUSTER-WA 0.045 Unch 1030.4 0.100 0.100 45.00 03/06/2022 0.095 0.035 0.050 0.045 5068WB LUSTER-WB 0.050 Unch 78.8 0.100 0.100 50.00 26/05/2023 0.090 0.020 0.065 0.060 0017WA M3TECH-WA 0.060 Unch 4911.6 0.130 0.100 23.08 21/08/2019 0.170 0.100 0.170 0.155 3859C3 MAGNUM-C3 0.170 0.025 128.6 1.980 1.700 3.03 29/06/2018 0.105 0.005 0.015 0.010 858311 MAHSING-C11 0.015 -0.005 2382.6 1.220 1.600 32.38 30/04/2018 0.075 0.015 0.020 0.020 858312 MAHSING-C12 0.020 Unch 898 1.220 1.550 30.33 31/07/2018 0.070 0.010 0.020 0.015 858313 MAHSING-C13 0.015 -0.005 1165.6 1.220 1.600 33.61 25/06/2018 0.240 0.005 0.005 0.005 8583WB MAHSING-WB 0.005 Unch 1600.3 0.424 1.440 240.80 16/03/2018 0.170 0.085 0.105 0.095 8583WC MAHSING-WC 0.095 -0.010 255.2 1.220 2.100 79.92 21/02/2020 0.090 0.005 0.010 0.005 5264C3 MALAKOF-C3 0.010 0.005 1449.3 0.920 1.000 10.87 19/03/2018 0.055 0.010 0.020 0.010 5264C6 MALAKOF-C6 0.020 0.005 202 0.920 1.200 33.70 29/06/2018 0.100 0.040 0.065 0.060 5264C8 MALAKOF-C8 0.065 Unch 333 0.920 1.000 15.76 31/10/2018 0.990 0.095 0.170 0.150 6181WB MALTON-WB 0.150 Unch 3279.1 0.940 1.000 22.34 29/06/2018 0.500 0.300 0.325 0.310 5236WA MATRIX-WA 0.325 0.015 60.9 2.180 2.400 25.00 20/07/2020 0.060 0.025 0.025 0.025 6012C4 MAXIS-C4 0.025 -0.010 100 5.990 6.000 2.05 22/03/2018 0.015 0.005 0.005 0.005 5189WA MAXWELL-WA 0.005 Unch 350 0.020 0.400 1,925.00 24/03/2020 0.135 0.055 0.130 0.125 115533 MAYBANKC33 0.130 0.005 391 10.460 10.000 0.57 19/03/2018 0.475 0.125 0.475 0.440 115534 MAYBANKC34 0.445 Unch 1843.5 10.460 9.250 -0.93 30/08/2018 0.260 0.130 0.260 0.245 115535 MAYBANKC35 0.245 0.005 2065.5 10.460 9.600 2.32 25/09/2018 0.230 0.090 0.215 0.200 115536 MAYBANKC36 0.210 0.005 2177.9 10.460 9.400 1.91 23/08/2018 0.230 0.130 0.230 0.220 115537 MAYBANKC37 0.220 Unch 180.5 10.460 10.300 6.88 28/09/2018 0.260 0.085 0.260 0.240 115538 MAYBANKC38 0.245 0.010 4744.1 10.460 10.500 5.07 30/11/2018 0.135 0.090 0.135 0.120 115539 MAYBANKC39 0.125 -0.005 5743.1 10.460 11.500 15.32 31/10/2018 0.160 0.100 0.125 0.110 117110 MBSB-C10 0.110 -0.015 191 1.240 1.300 13.71 30/11/2018 0.150 0.030 0.105 0.095 1171C4 MBSB-C4 0.100 -0.005 658.8 1.240 1.250 8.87 29/06/2018 0.105 0.050 0.080 0.075 1171C5 MBSB-C5 0.075 -0.005 1291.5 1.240 1.050 2.82 30/04/2018 0.065 0.015 0.035 0.025 1171C6 MBSB-C6 0.030 Unch 3307.1 1.240 1.400 17.74 14/05/2018 0.260 0.090 0.225 0.215 1171C7 MBSB-C7 0.220 Unch 1458.8 1.240 1.100 6.45 28/09/2018 0.110 0.050 0.090 0.085 1171C8 MBSB-C8 0.085 -0.005 429 1.240 1.200 10.48 31/07/2018 0.090 0.060 0.075 0.070 1171C9 MBSB-C9 0.070 -0.005 4101.1 1.240 1.450 33.87 31/10/2018 0.085 0.030 0.040 0.030 5040WB MEDAINC-WB 0.040 Unch 101.5 0.460 0.800 82.61 22/04/2022 0.199 0.045 0.050 0.050 1694WB MENANG-WB 0.050 Unch 737 0.450 0.550 33.33 09/07/2019 0.310 0.125 0.145 0.135 7234WA MESB-WA 0.145 Unch 675.4 0.390 0.300 14.10 27/12/2022 0.100 0.020 0.030 0.025 5186C5 MHB-C5 0.030 Unch 614 0.810 0.900 18.52 14/05/2018 0.120 0.030 0.050 0.050 5186C8 MHB-C8 0.050 Unch 42 0.810 0.920 25.93 24/08/2018 0.250 0.105 0.120 0.110 381614 MISC-C14 0.115 Unch 688 6.790 7.050 8.49 28/09/2018 0.065 0.035 0.040 0.035 381615 MISC-C15 0.040 Unch 389.6 6.790 7.880 18.41 17/08/2018 0.070 0.025 0.030 0.025 0085WB MLAB-WB 0.030 Unch 493 0.075 0.150 140.00 10/09/2020 0.085 0.045 0.055 0.050 0034WB MMAG-WB 0.055 Unch 652.7 0.175 0.200 45.71 27/11/2022 0.115 0.005 0.010 0.010 2194C6 MMCCORP-C6 0.010 -0.005 1141.9 1.920 2.450 28.65 30/04/2018 0.055 0.025 0.035 0.035 0103WA MNC-WA 0.035 Unch 500 0.080 0.100 68.75 05/11/2021 0.110 0.010 0.015 0.010 3867CH MPI-CH 0.015 Unch 7475.9 9.200 13.500 48.86 29/06/2018 0.060 0.020 0.025 0.025 0070WA MQTECH-WA 0.025 Unch 399.6 0.060 0.100 108.33 21/11/2021 0.125 0.010 0.050 0.045 165121 MRCB-C21 0.050 Unch 958 1.120 1.222 14.92 30/04/2018 0.130 0.025 0.030 0.030 165123 MRCB-C23 0.030 -0.005 222.2 1.120 1.134 5.96 19/03/2018 0.165 0.045 0.055 0.055 165124 MRCB-C24 0.055 -0.010 135 1.120 1.047 3.78 30/03/2018 0.070 0.010 0.015 0.010 165125 MRCB-C25 0.010 -0.010 640 1.120 1.309 18.74 30/03/2018 0.285 0.050 0.160 0.155 165126 MRCB-C26 0.160 -0.010 672 1.120 1.056 9.86 29/06/2018 0.115 0.050 0.065 0.065 165127 MRCB-C27 0.065 -0.005 890 1.120 1.300 30.58 28/09/2018 0.090 0.055 0.060 0.060 165128 MRCB-C28 0.060 -0.005 100 1.120 1.200 23.21 28/09/2018 0.095 0.065 0.075 0.065 165129 MRCB-C29 0.075 Unch 1322.6 1.120 1.300 24.44 30/11/2018 0.125 0.020 0.035 0.025 1651WA MRCB-WA 0.025 -0.010 6199.2 1.120 1.680 52.23 14/09/2018 0.440 0.295 0.355 0.345 1651WB MRCB-WB 0.350 -0.005 4454.8 1.120 1.250 42.86 29/10/2027 0.193 0.030 0.045 0.040 0092WB MTOUCHE-WB 0.040 -0.005 343.6 0.165 0.480 215.15 16/03/2020 0.090 0.060 0.085 0.070 0092WC MTOUCHE-WC 0.075 0.005 8271 0.165 0.200 66.67 02/11/2020 0.175 0.140 0.165 0.160 5703CF MUHIBAH-CF 0.160 Unch 60 3.110 3.450 21.22 24/08/2018 0.150 0.030 0.120 0.115 13821 MYEG-C21 0.115 0.005 257.8 2.710 2.280 1.11 30/03/2018 0.360 0.090 0.335 0.330 13825 MYEG-C25 0.330 -0.005 235 2.710 2.000 1.20 29/06/2018 0.255 0.130 0.225 0.220 13831 MYEG-C31 0.225 0.005 379.9 2.710 2.500 13.01 28/09/2018 0.200 0.100 0.175 0.170 13832 MYEG-C32 0.170 Unch 703.8 2.710 2.800 22.14 28/09/2018 0.230 0.100 0.225 0.210 13833 MYEG-C33 0.220 0.010 1059 2.710 2.500 8.49 31/10/2018 0.105 0.050 0.090 0.090 13835 MYEG-C35 0.090 Unch 590 1.120 2.650 176.79 28/09/2018 0.065 0.015 0.025 0.020 0020WB NETX-WB 0.020 -0.005 2939.1 0.040 0.050 75.00 08/06/2019 0.030 0.015 0.015 0.015 0096WA NEXGRAM-WA 0.015 -0.005 100 0.035 0.100 228.57 16/05/2022 0.025 0.010 0.015 0.010 0096WB NEXGRAM-WB 0.015 Unch 288 0.035 0.260 685.71 21/07/2023 0.035 0.015 0.015 0.015 0096WC NEXGRAM-WC 0.015 -0.005 136.6 0.035 0.100 228.57 15/01/2024 0.170 0.065 0.080 0.070 7241WA NGGB-WA 0.080 Unch 170.1 0.385 0.600 76.62 18/10/2020 0.415 0.220 0.250 0.235 0172WA OCK-WA 0.235 -0.020 1885.9 0.805 0.710 17.39 15/12/2020 0.280 0.025 0.045 0.035 9008WB OMESTI-WB 0.045 Unch 429.1 0.500 0.500 9.00 30/05/2018 0.095 0.040 0.080 0.070 0079WA ORION-WA 0.075 -0.015 20129.6 0.135 0.170 81.48 26/07/2022 0.247 0.120 0.170 0.155 5053WC OSK-WC 0.170 Unch 129.4 1.040 1.200 31.73 22/07/2020 0.095 0.020 0.065 0.060 7225WB PA-WB 0.065 0.005 11691.8 0.080 0.060 56.25 17/12/2022 0.290 0.105 0.195 0.195 7052CN PADINI-CN 0.195 Unch 62.3 5.130 4.500 2.92 29/06/2018 0.155 0.095 0.120 0.115 7052CP PADINI-CP 0.120 Unch 97 5.130 4.880 16.18 31/07/2018 0.200 0.115 0.135 0.120 7052CR PADINI-CR 0.125 -0.020 1132.1 5.130 5.350 18.91 24/08/2018 0.300 0.150 0.200 0.190 5125WA PANTECH-WA 0.200 -0.005 120.1 0.610 0.500 14.75 21/12/2020 0.500 0.040 0.480 0.455 129515 PBBANK-C15 0.465 0.010 602.7 23.000 20.300 -1.63 30/04/2018 0.275 0.055 0.275 0.275 129516 PBBANK-C16 0.275 Unch 203 22.999 20.800 0.00 30/04/2018 0.215 0.040 0.195 0.195 129517 PBBANK-C17 0.195 Unch 50 22.999 21.000 -0.21 22/03/2018 0.190 0.065 0.180 0.180 129518 PBBANK-C18 0.180 0.005 143.5 23.000 21.500 0.52 09/04/2018 0.150 0.060 0.125 0.110 6068WA PCCS-WA 0.120 -0.005 120.3 0.310 0.600 132.26 25/12/2022 0.360 0.130 0.320 0.280 518313 PCHEM-C13 0.315 0.035 252 8.120 7.000 -0.22 31/05/2018 0.150 0.075 0.120 0.120 518315 PCHEM-C15 0.120 0.015 50 8.120 8.000 5.91 14/05/2018 0.155 0.130 0.140 0.130 518318 PCHEM-C18 0.140 -0.005 260 8.120 8.000 4.56 30/11/2018 0.050 0.035 0.045 0.040 6254WB PDZ-WB 0.040 -0.005 13399.3 0.085 0.100 64.71 29/01/2023 0.290 0.200 0.230 0.230 9997WB PENSONI-WB 0.230 -0.005 40 0.625 0.600 32.80 20/01/2024 0.485 0.205 0.235 0.225 8311WC PESONA-WC 0.230 0.005 272.5 0.410 0.250 17.07 27/01/2020 0.115 0.025 0.060 0.060 5219CB PESTECH-CB 0.060 Unch 50 1.860 2.080 18.28 31/05/2018 0.105 0.020 0.050 0.050 5219CC PESTECH-CC 0.050 0.005 100 1.860 2.000 14.25 14/05/2018 0.155 0.020 0.140 0.100 5681CS PETDAG-CS 0.120 -0.010 4421.6 25.800 24.100 -1.94 30/03/2018 0.160 0.095 0.145 0.130 5681CT PETDAG-CT 0.135 Unch 242.1 25.799 26.000 7.06 11/06/2018 0.155 0.145 0.155 0.155 5681CU PETDAG-CU 0.155 Unch 100 25.799 26.800 11.09 24/08/2018 0.250 0.050 0.140 0.120 6033CP PETGAS-CP 0.135 0.015 45.2 17.900 18.000 6.97 31/07/2018 0.455 0.170 0.190 0.190 3042CI PETRONM-CI 0.190 -0.005 100 11.400 11.100 14.04 29/06/2018 0.305 0.100 0.105 0.105 3042CJ PETRONM-CJ 0.105 Unch 360.9 11.400 13.000 27.85 24/07/2018 0.290 0.070 0.090 0.090 3042CK PETRONM-CK 0.090 Unch 91 11.400 12.500 21.49 11/06/2018 0.155 0.080 0.080 0.080 3042CL PETRONM-CL 0.080 -0.020 52 11.400 15.800 50.18 21/09/2018 0.170 0.050 0.075 0.070 3042CM PETRONM-CM 0.075 Unch 799.9 11.400 14.500 35.09 31/10/2018 0.255 0.140 0.230 0.230 8869C5 PMETAL-C5 0.230 Unch 100 5.780 5.350 10.47 24/07/2018 0.300 0.085 0.285 0.270 8869C6 PMETAL-C6 0.275 -0.005 103.3 5.780 5.000 5.54 28/09/2018 0.225 0.170 0.205 0.195 8869C7 PMETAL-C7 0.195 -0.005 58 5.780 6.300 22.49 28/09/2018 0.155 0.120 0.150 0.145 8869C8 PMETAL-C8 0.150 -0.005 391.2 5.780 6.000 14.19 30/11/2018 0.625 0.160 0.620 0.620 8869CV PMETAL-CV 0.620 Unch 250 5.780 3.300 0.00 22/03/2018 5.370 2.200 5.350 5.330 8869WC PMETAL-WC 5.350 -0.020 155 5.780 0.390 -0.69 22/08/2019 1.050 0.520 0.590 0.575 7088WB POHUAT-WB 0.575 -0.005 127 1.580 1.000 -0.32 21/10/2020 0.185 0.015 0.020 0.015 463411 POS-C11 0.015 -0.015 8992.6 4.420 5.300 21.44 30/04/2018 0.255 0.045 0.055 0.045 463412 POS-C12 0.045 -0.045 620 4.420 5.450 28.39 21/06/2018 0.120 0.030 0.040 0.030 463413 POS-C13 0.035 -0.010 1218.7 4.420 6.000 41.69 29/06/2018

Main Market & Ace Market Warrants

MarketsG L O B A L M A R K E T S . B U R S A M A L A Y S I A E Q U I T Y D E R I V A T I V E S

WEDNESDAY FEBRUARY 28, 2018 • THEED G E FINANCIAL DAILY 2 9

Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants

Australia/New Zealand — Australian and NZ shares end higher for fi fth straight session

SYDNEY: Australian shares closed at their highest in more than three weeks yesterday following a strong lead from Wall Street and as resources stocks ticked up on a slight rise in metal prices. However, the index eased off an intraday high as caution crept in ahead of US Federal Reserve chairman Jerome Powell’s highly anticipated congressional testimony later in the day. The S&P/ASX 200 Index rose 0.24% or 14.7 points to 6,056.9 at the close of trade. The benchmark rose 0.7% on Monday. US stocks closed higher on Monday as a decline in Treasury yields resulted in a shift towards equities. “We’re getting into the back end of the reporting season and its been pretty decent results on the stocks [that reported] today (yesterday). You’ve got the US positive sentiment coming through as well,” said Mathan Somasundaram, market portfolio strategist at Blue Ocean Equities. Australian fi nancials led gains, with the sector index closing about 0.4% higher, driven by the “big four” banks, with Australia And New Zealand Banking Group among the biggest movers. Horticulture company Costa Group was the best performer up as much as 9.95% to an all-time high after posting an over

four-fold rise in fi rst half (1H) net profi t. Materials stocks also pushed the benchmark higher, with miners BHP Billiton and Rio Tinto contributing a combined fi ve points gain to the index. Rio Tinto rose after it received a US$345 million offer from Norway’s Hydro for an aluminium plant in Iceland. Miners also took cues from rising metal prices, as London copper prices inched up yesterday, lifted in light trade by a weaker US dollar. Fuel supplier Caltex Australia ended 4.06% higher after its 1H net profi t rose. “[Caltex is] a unique retailer with energy exposure, and of course, refl ation with oil prices going up is going to increase their margins for the energy side of things,” said Somasundaram. Mineral sands company Iluka Resources gained up to 3.63%, hitting an over four-year top, after reporting positive full-year results. Telecommunication stocks weighed slightly on the index, with Telstra Corp ending about 0.85% lower. New Zealand shares closed higher for their fi fth straight session, aided by telecoms and materials. The S&P/NZX 50 Index rose 0.2% or 19.85 points to fi nish the session at 8,360.38. Spark New Zealand, one of the country’s largest telecom operators, ended about 2% higher, while building materials maker Fletcher Building ended up by 1.5%.

US — Wall Street rises as concerns over interest rates ease

NEW YORK: US stocks rose to more than three-week highs on Monday, recovering much of the losses sustained in a sell-off earlier this month, as a decline in Treasury yields assuaged investor concerns about rising interest rates and refocused attention on economic growth. All three major indices rose more than 1%. The S&P 500 Index is now just 3.2% below its peak on Jan 26. The CBOE Volatility Index also dipped slightly to 15.8, though it remains above levels seen before the S&P’s peak. The US 10-year Treasury note yield eased to 2.8642%, slipping from a four-year high it hit last week. Last Friday, the US Federal Reserve (Fed) said it expected economic growth to remain steady and saw no serious risks on the horizon that might alter its planned pace of interest rate hikes. “It provides some relief that yields aren’t just going straight up,” said Keith Lerner, chief market strategist at SunTrust Advisory Services in Atlanta. “Overall, earnings numbers continue to move higher. Investors still have confi dence in the global economy.” The major indices fell from late-January peaks on concerns that rising infl ation could cause the Fed to raise rates more than three times this year, as its previous statements indicated. Investors will scrutinise testimony

starting yesterday from Fed chairman Jerome Powell who faces questions from both houses of the US Congress in his fi rst major set piece since he took over from Janet Yellen this month. The Dow Jones Industrial Average rose 399.28 points or 1.58% to 25,709.27; the S&P 500 gained 32.3 points or 1.18% to 2,779.6; and the Nasdaq Composite added 84.07 points or 1.15% to 7,421.46. Among the leading S&P 500 sectors were technology, which gained 1.6%, industrials, which rose 1.4%, and fi nancials, which added 1.5%. The broad gains across those cyclical sectors refl ect investors’ focus on economic strength, Lerner said. Qualcomm was up 5.8% after the chipmaker urged Broadcom to enter into price negotiations for the first time on Broadcom’s US$117 billion offer for the company. Berkshire Hathaway gained 4% after Warren Buffett said his conglomerate, which is sitting on US$116 billion of cash, is “more inclined” to repurchase stock than pay dividends as a means to use excess cash. Advancing issues outnumbered declining ones on the New York Stock Exchange by a 2.04-to-ONE ratio; on Nasdaq, a 1.91-to-one ratio favoured advancers. The S&P 500 posted 31 new 52-week highs and one new low; the Nasdaq Composite recorded 105 new highs and 36 new lows. — Reuters

ASX 200Index points

4,686.53

Mar 1, 2010 Feb 27, 2018

6,056.86+14.68

(+0.24%)

3450.0

4162.5

4875.0

5587.5

6300.0

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 Feb 27, 2018

1900

2875

3850

4825

58003,292.07

-37.51(-1.13%)

Dow JonesIndex points

10,403.79

Mar 1, 2010 Feb 26, 2018

25,709.27+399.28

(+1.58%)9600

14075

18550

23025

27500

Euro STOXX 50 IndexIndex points

2,772.70

Mar 1, 2010 Feb 26, 2018

3,463.18+21.72

(+0.63%)1960

2445

2930

3415

3900

Bursa Malaysia Equity Derivatives

0.120 0.035 0.050 0.035 463414 POS-C14 0.035 -0.025 4036.3 4.420 5.400 26.92 30/08/2018 0.135 0.065 0.090 0.070 463415 POS-C15 0.075 -0.060 8696.9 4.420 4.900 18.50 30/11/2018 0.080 0.045 0.060 0.045 463416 POS-C16 0.055 -0.025 954.8 4.420 6.000 41.97 03/09/2018 0.085 0.070 0.070 0.070 463417 POS-C17 0.070 -0.015 200 4.420 5.100 27.26 28/09/2018 0.710 0.170 0.225 0.205 8966WA PRLEXUS-WA 0.210 -0.045 72.5 0.715 1.200 97.20 14/06/2021 0.145 0.065 0.100 0.095 7145WA PSIPTEK-WA 0.095 -0.010 1349 0.155 0.100 25.81 16/11/2019 0.215 0.100 0.155 0.140 0186WA PTRANS-WA 0.140 -0.015 12587 0.295 0.235 27.12 19/09/2020 0.260 0.045 0.175 0.170 0007WA PUC-WA 0.175 Unch 1917.3 0.275 0.100 0.00 25/12/2024 0.245 0.025 0.170 0.160 0007WB PUC-WB 0.165 -0.005 4533.4 0.275 0.100 -3.64 15/02/2019 0.480 0.025 0.100 0.060 6807WB PUNCAK-WB 0.060 -0.020 110.7 0.605 1.000 75.21 20/07/2018 0.750 0.280 0.535 0.500 7134WA PWF-WA 0.510 Unch 35.7 1.050 0.620 7.62 20/07/2021 0.150 0.065 0.100 0.090 5256WA REACH-WA 0.095 Unch 4862.7 0.360 0.750 134.72 12/08/2022 0.240 0.065 0.210 0.190 1066C3 RHBBANK-C3 0.205 0.020 1480 5.470 5.000 2.65 29/06/2018 0.140 0.075 0.120 0.110 1066C5 RHBBANK-C5 0.120 0.010 2082.9 5.470 5.000 4.57 31/07/2018 0.145 0.010 0.010 0.010 521850 SAPNRGC50 0.010 Unch 535.3 0.690 1.600 134.78 29/06/2018 0.170 0.070 0.075 0.075 521858 SAPNRGC58 0.075 Unch 1974.8 0.690 0.880 46.01 30/08/2018 0.175 0.075 0.080 0.075 521859 SAPNRGC59 0.075 -0.005 549.5 0.690 0.800 32.25 21/09/2018 0.175 0.095 0.100 0.095 521860 SAPNRGC60 0.095 Unch 1342.1 0.690 0.800 29.71 31/10/2018 0.110 0.040 0.045 0.045 521861 SAPNRGC61 0.045 Unch 3371.2 0.690 0.900 43.48 28/09/2018 0.315 0.070 0.190 0.180 5157WA SAUDEE-WA 0.180 Unch 110.9 0.450 0.500 51.11 31/03/2021 0.025 0.010 0.015 0.010 0109WB SCBUILD-WB 0.015 0.005 33.4 0.030 0.050 116.67 06/11/2019 0.185 0.080 0.125 0.120 0161WA SCH-WA 0.120 Unch 309.8 0.220 0.100 0.00 04/12/2021 0.125 0.070 0.095 0.080 7158WB SCOMI-WB 0.085 -0.010 5896.9 0.180 0.210 63.89 18/02/2023 0.260 0.170 0.195 0.190 7073WC SEACERA-WC 0.190 -0.005 2213 0.780 1.000 52.56 21/01/2021 0.505 0.120 0.490 0.435 5279CC SERBADK-CC 0.490 0.010 350 3.600 2.150 0.56 26/04/2018 0.480 0.115 0.470 0.415 5279CE SERBADK-CE 0.470 -0.005 31.3 3.600 2.200 0.28 30/03/2018 0.215 0.120 0.200 0.200 5279CF SERBADK-CF 0.200 0.020 50 3.600 2.580 5.00 31/07/2018 0.240 0.150 0.220 0.200 5279CH SERBADK-CH 0.220 0.010 609.3 3.600 2.900 5.00 11/06/2018 0.250 0.165 0.220 0.195 5279CI SERBADK-CI 0.220 0.010 1131.5 3.600 3.400 15.83 31/07/2018 0.200 0.175 0.185 0.180 5279CJ SERBADK-CJ 0.180 0.005 80 3.600 3.600 17.50 13/08/2018 0.215 0.080 0.110 0.080 0055WA SERSOL-WA 0.110 0.030 250.1 0.170 0.180 70.59 18/04/2023 0.350 0.095 0.245 0.240 7165WA SGB-WA 0.240 -0.010 56.3 0.820 0.600 2.44 07/04/2021 0.350 0.095 0.245 0.240 7165WA SGB-WA 0.240 -0.010 56.3 0.820 0.600 2.44 07/04/2021 0.350 0.125 0.175 0.145 7246WA SIGN-WA 0.160 0.020 1252.6 0.640 0.970 76.56 21/04/2021 0.155 0.005 0.030 0.025 419715 SIME-C15 0.030 0.005 540.2 2.750 10.000 269.09 19/03/2018 0.410 0.085 0.315 0.300 419716 SIME-C16 0.315 0.010 235 2.750 2.500 13.82 31/07/2018 0.180 0.080 0.095 0.090 419719 SIME-C19 0.095 Unch 1377.8 2.750 3.000 16.00 31/10/2018 0.095 0.055 0.065 0.060 419721 SIME-C21 0.065 0.005 2935.8 2.750 3.100 18.64 17/08/2018 0.210 0.035 0.090 0.075 5288CA SIMEPROP-CA 0.090 0.015 1088.9 1.430 1.450 13.99 30/08/2018 0.295 0.090 0.105 0.090 5288CB SIMEPROP-CB 0.105 0.015 90 1.430 1.680 24.83 30/08/2018 0.150 0.065 0.070 0.065 5288CC SIMEPROP-CC 0.070 Unch 310 1.430 1.780 31.82 30/08/2018 0.130 0.050 0.065 0.050 5288CD SIMEPROP-CD 0.065 0.005 788.8 1.430 1.600 20.98 24/08/2018 0.205 0.085 0.090 0.085 5288CE SIMEPROP-CE 0.090 Unch 50 1.430 1.650 21.68 31/10/2018 0.280 0.080 0.110 0.095 7155CG SKPRES-CG 0.110 Unch 512.8 1.910 1.900 12.15 29/06/2018 0.200 0.050 0.080 0.080 7155CH SKPRES-CH 0.080 Unch 31.5 1.910 2.150 23.04 27/07/2018 0.235 0.050 0.070 0.060 7155CI SKPRES-CI 0.070 0.005 1640.2 1.910 2.100 17.28 11/06/2018 0.245 0.020 0.085 0.045 9776WB SMCAP-WB 0.050 0.005 1539.1 0.570 1.000 84.21 13/07/2018 0.285 0.085 0.100 0.085 0093WA SOLUTN-WA 0.095 -0.015 1635.5 0.195 0.200 51.28 04/07/2021 0.185 0.015 0.020 0.020 8664C1 SPSETIA-C1 0.020 Unch 50 3.290 3.409 4.81 19/03/2018 0.115 0.060 0.075 0.075 8664C4 SPSETIA-C4 0.075 -0.005 148.6 3.290 4.000 27.28 31/07/2018 0.085 0.035 0.045 0.045 8664C5 SPSETIA-C5 0.045 Unch 120 3.290 3.550 13.37 24/08/2018 0.180 0.070 0.090 0.090 8664CZ SPSETIA-CZ 0.090 Unch 130 3.290 3.020 2.44 26/04/2018 0.140 0.050 0.070 0.070 0129WA SRIDGE-WA 0.070 Unch 335.4 0.235 0.180 6.38 24/02/2023 0.105 0.045 0.070 0.070 0140WA STERPRO-WA 0.070 0.010 221.2 0.295 0.480 86.44 17/02/2021 0.195 0.095 0.175 0.165 0080WA STRAITS-WA 0.170 0.005 2170 0.275 0.115 3.64 10/08/2022 0.115 0.015 0.060 0.055 1201WA SUMATEC-WA 0.060 Unch 570 0.075 0.320 406.67 03/03/2021 0.055 0.015 0.030 0.025 1201WB SUMATEC-WB 0.025 -0.005 11636.4 0.075 0.175 166.67 13/11/2018 0.230 0.110 0.145 0.130 5263CM SUNCON-CM 0.130 -0.010 121 2.400 2.300 5.31 31/07/2018 0.165 0.105 0.110 0.105 5263CO SUNCON-CO 0.105 -0.010 45.8 2.400 2.400 10.94 24/07/2018 0.735 0.305 0.525 0.510 5211WB SUNWAY-WB 0.520 Unch 182.6 1.630 1.860 46.01 03/10/2024 0.235 0.100 0.125 0.120 0148WB SUNZEN-WB 0.120 0.005 229.7 0.275 0.250 34.55 25/02/2021 0.870 0.090 0.840 0.795 710630 SUPERMX-C30 0.810 -0.045 172.6 2.630 1.850 1.14 29/06/2018 0.340 0.065 0.315 0.300 710631 SUPERMX-C31 0.315 0.005 79.4 2.630 2.100 3.80 29/06/2018



0.330 0.090 0.310 0.305 710632 SUPERMX-C32 0.305 -0.015 330 2.630 1.800 3.23 24/07/2018 0.300 0.085 0.280 0.270 710633 SUPERMX-C33 0.270 -0.015 494.1 2.630 1.880 2.28 24/07/2018 0.345 0.105 0.315 0.300 710634 SUPERMX-C34 0.300 -0.015 1317.1 2.630 2.150 4.56 31/10/2018 0.205 0.090 0.195 0.190 710635 SUPERMX-C35 0.195 -0.010 100 2.630 2.380 12.74 28/09/2018 0.210 0.080 0.190 0.185 710636 SUPERMX-C36 0.190 -0.020 170 2.630 2.600 20.53 28/09/2018 0.155 0.055 0.145 0.135 710637 SUPERMX-C37 0.135 -0.005 1375 2.630 2.650 16.16 17/08/2018 0.160 0.075 0.145 0.135 710638 SUPERMX-C38 0.135 -0.020 728 2.630 2.650 16.16 03/09/2018 0.205 0.060 0.070 0.065 7082WB SYF-WB 0.070 Unch 254 0.360 0.700 113.89 11/11/2019 0.190 0.085 0.115 0.115 4898CG TA-CG 0.115 0.005 150 0.655 0.600 9.16 31/05/2018 0.130 0.025 0.035 0.025 0132WA TDEX-WA 0.030 -0.005 823.1 0.130 0.110 7.69 21/09/2018 0.365 0.050 0.240 0.235 534739 TENAGA-C39 0.240 0.005 687.4 15.760 14.600 0.25 29/06/2018 0.270 0.095 0.200 0.195 534741 TENAGA-C41 0.200 Unch 159 15.760 15.500 4.06 29/06/2018 0.165 0.115 0.125 0.120 534743 TENAGA-C43 0.120 0.005 166 15.760 16.000 7.61 28/09/2018 0.025 0.005 0.005 0.005 7079WB TIGER-WB 0.005 Unch 40 0.045 0.170 288.89 23/12/2018 0.040 0.010 0.020 0.015 7079WC TIGER-WC 0.020 Unch 90.1 0.045 0.080 122.22 11/02/2021 0.130 0.005 0.015 0.010 5031CO TIMECOM-CO 0.010 0.005 4437.8 5.434 9.750 80.71 30/04/2018 0.125 0.040 0.065 0.055 486320 TM-C20 0.055 Unch 1767 6.030 6.400 7.96 31/05/2018 0.100 0.085 0.095 0.090 486321 TM-C21 0.090 0.005 182.3 6.030 6.500 13.02 17/08/2018 0.145 0.120 0.130 0.130 486322 TM-C22 0.130 0.010 80 6.030 6.500 14.26 03/09/2018 0.280 0.125 0.150 0.145 0101WB TMCLIFE-WB 0.145 -0.005 213 0.800 0.750 11.88 21/06/2019 0.810 0.220 0.235 0.220 8397WC TNLOGIS-WC 0.230 -0.020 170.1 1.160 1.000 6.03 26/12/2018 0.485 0.360 0.410 0.360 7285WA TOMYPAK-WA 0.380 -0.050 916.8 0.890 0.930 47.19 21/06/2021 0.465 0.125 0.465 0.455 711324 TOPGLOV-C24 0.465 0.020 110 10.100 7.000 2.00 24/07/2018 0.355 0.095 0.350 0.345 711325 TOPGLOV-C25 0.345 -0.005 55.5 10.100 6.880 2.28 31/07/2018 0.655 0.155 0.640 0.630 711326 TOPGLOV-C26 0.640 0.005 46 10.100 7.000 0.99 11/06/2018 0.290 0.180 0.280 0.275 711328 TOPGLOV-C28 0.275 0.005 111 10.100 10.000 18.07 30/08/2018 0.320 0.135 0.310 0.285 711329 TOPGLOV-C29 0.290 Unch 2704.9 10.100 9.150 7.82 31/10/2018 0.290 0.165 0.280 0.265 711330 TOPGLOV-C30 0.280 0.005 420.1 10.100 9.000 11.29 06/08/2018 0.220 0.005 0.140 0.090 7173WA TOYOINK-WA 0.115 -0.020 30157.8 0.925 1.500 74.59 20/04/2018 0.060 0.015 0.020 0.020 0118WB TRIVE-WB 0.020 -0.005 34.9 0.040 0.090 175.00 28/08/2020 0.425 0.100 0.110 0.110 5042WB TSRCAP-WB 0.110 -0.030 40 0.480 0.700 68.75 28/12/2020 0.165 0.080 0.130 0.125 7100CA UCHITEC-CA 0.130 0.005 508 3.090 3.880 39.45 28/09/2018 0.125 0.050 0.125 0.110 7100CC UCHITEC-CC 0.125 0.020 401 3.090 3.300 18.93 28/09/2018 0.520 0.025 0.365 0.340 0005WA UCREST-WA 0.340 -0.020 224 0.405 0.040 -6.17 20/03/2018 0.085 0.015 0.025 0.015 514850 UEMS-C50 0.015 -0.010 2980.2 1.130 1.240 12.39 26/04/2018 0.060 0.015 0.025 0.015 514853 UEMS-C53 0.015 -0.010 3971.5 1.130 1.250 13.54 30/04/2018 0.055 0.035 0.045 0.045 514855 UEMS-C55 0.045 Unch 100 1.130 1.330 25.66 17/08/2018 0.070 0.050 0.060 0.060 514856 UEMS-C56 0.060 Unch 105 1.130 1.450 38.94 28/09/2018 0.115 0.100 0.105 0.100 4588C6 UMW-C6 0.100 -0.005 349 6.490 7.000 17.10 30/11/2018 0.070 0.060 0.060 0.060 524321 UMWOG-C21 0.060 Unch 200 0.330 0.420 54.55 28/09/2018 0.270 0.095 0.160 0.150 5243WA UMWOG-WA 0.155 Unch 4537.5 0.330 0.395 66.67 18/10/2024 0.195 0.030 0.040 0.030 7091WA UNIMECH-WA 0.030 -0.010 413.1 1.020 1.500 50.00 18/09/2018 0.110 0.010 0.015 0.010 5005C2 UNISEM-C2 0.010 -0.005 1912.5 2.700 3.650 36.67 27/07/2018 0.365 0.115 0.285 0.285 0097CD VITROX-CD 0.285 -0.005 500 6.360 4.800 2.36 19/04/2018 0.340 0.120 0.260 0.225 0097CE VITROX-CE 0.225 -0.020 32.8 6.360 5.000 -0.16 09/04/2018 0.145 0.140 0.140 0.140 0097CJ VITROX-CJ 0.140 Unch 40 6.360 7.000 25.47 17/08/2018 0.085 0.005 0.015 0.005 0069WB VIVOCOM-WB 0.010 Unch 14981.9 0.095 0.200 121.05 07/09/2018 0.115 0.035 0.040 0.035 0069WC VIVOCOM-WC 0.040 -0.005 3220.5 0.095 0.100 47.37 22/01/2020 0.115 0.035 0.040 0.035 0069WD VIVOCOM-WD 0.040 Unch 5811.5 0.095 0.100 47.37 08/07/2020 0.055 0.020 0.030 0.025 7070WB VIZIONE-WB 0.025 -0.005 124.9 0.160 0.160 15.63 20/06/2018 0.190 0.090 0.120 0.120 6963CS VS-CS 0.120 Unch 440 2.960 2.680 6.76 29/06/2018 0.120 0.035 0.040 0.040 6963CU VS-CU 0.040 Unch 114 2.960 3.500 22.30 31/05/2018 0.085 0.025 0.030 0.025 6963CV VS-CV 0.030 0.005 1177.6 2.960 3.600 25.68 14/05/2018 1.570 0.265 1.300 1.270 6963WA VS-WA 1.280 Unch 1962 2.960 1.650 -1.01 06/01/2019 0.150 0.045 0.085 0.075 9679C3 WCT-C3 0.080 0.010 2399 1.600 1.700 15.00 29/06/2018 0.080 0.010 0.040 0.040 9679C4 WCT-C4 0.040 0.010 88 1.600 1.850 21.38 30/04/2018 0.065 0.010 0.020 0.015 9679C5 WCT-C5 0.015 Unch 2200.6 1.600 2.200 39.84 14/05/2018 0.065 0.045 0.065 0.065 9679C7 WCT-C7 0.065 0.005 200 1.600 1.950 32.03 17/08/2018 0.090 0.070 0.090 0.085 9679C8 WCT-C8 0.085 Unch 1910 1.600 2.000 40.94 28/09/2018 0.570 0.180 0.265 0.250 9679WE WCT-WE 0.250 Unch 3565.6 1.600 2.080 45.63 27/08/2020 0.140 0.020 0.095 0.095 5246CT WPRTS-CT 0.095 -0.005 100 3.680 3.650 6.93 30/04/2018 0.130 0.010 0.055 0.050 5156WC XDL-WC 0.050 -0.005 83.6 0.180 0.160 16.67 02/07/2018 0.020 0.005 0.015 0.010 0095WA XINGHE-WA 0.010 Unch 691.3 0.060 0.100 83.33 22/03/2019 0.110 0.040 0.045 0.040 0165WA XOX-WA 0.045 Unch 85 0.100 0.200 145.00 10/02/2019 0.215 0.095 0.165 0.145 7293CN YINSON-CN 0.155 0.005 650 4.260 3.600 -0.94 22/03/2018 0.200 0.100 0.135 0.130 7293CO YINSON-CO 0.135 Unch 160 4.260 4.500 15.14 29/06/2018 0.140 0.110 0.130 0.130 7293CQ YINSON-CQ 0.130 0.005 90 4.260 4.300 13.15 24/08/2018 0.100 0.035 0.080 0.070 7020WB YKGI-WB 0.075 0.005 2914.4 0.260 0.500 121.15 28/05/2020 1.220 0.860 1.050 1.040 7066WA YONGTAI-WA 1.040 -0.020 74.3 1.580 0.500 -2.53 24/06/2020 0.115 0.025 0.045 0.045 6742C2 YTLPOWR-C2 0.045 -0.005 80 1.170 1.300 14.96 30/08/2018 0.435 0.095 0.110 0.095 6742WB YTLPOWR-WB 0.100 -0.010 663.3 1.170 1.110 3.42 11/06/2018

Main Market & Ace Market Warrants

MarketsI N S I D E R M O V E S . T R A D I N G T H E M E S . E V E N T S . F O R E X


Local events to watch out for today

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

AL-’AQAR HEALTHCARE REIT 750,000 AMANAHRAYA TRUSTEES 42,750,000 22/2 - SKIM AMANAH SAHAM BUMIPUTERAAPEX HEALTHCARE 186,000 XEPA HOLDINGS 48,285,206 23/2ASTRO MALAYSIA HOLDINGS 557,000 EMPLOYEES PROVIDENT FUND BOARD 402,057,400 21/2BERJAYA ASSETS 3,500,000 DYMM SULTAN IBRAHIM JOHOR 247,500,000 21 - 23/2BOUSTEAD HOLDINGS 186,000 LEMBAGA TABUNG ANGKATAN TENTERA 1,192,202,718 21 & 22/2CAHYA MATA SARAWAK (1,393,000) EMPLOYEES PROVIDENT FUND BOARD 119,234,427 21 & 23/2CIMB GROUP HOLDINGS (8,280,300) EMPLOYEES PROVIDENT FUND BOARD 1,303,987,142 12, 13 & 15/2CYPARK RESOURCES (680,400) TAN SRI AZMIL KHALILI KHALID 14,657,856 22/2DIALOG GROUP 3,150,500 EMPLOYEES PROVIDENT FUND BOARD 583,797,150 21/2DIGI.COM 1,605,100 EMPLOYEES PROVIDENT FUND BOARD 1,203,260,664 20 & 21/2DRB-HICOM (2,366,700) EMPLOYEES PROVIDENT FUND BOARD 134,193,141 19/2DRB-HICOM (3,000,000) LEMBAGA TABUNG HAJI 119,041,100 21/2ECOFIRST CONSOLIDATED 113,500 DATO TEOH SENG KIAN 124,516,432 23/2FRASER & NEAVE HOLDINGS (163,400) EMPLOYEES PROVIDENT FUND BOARD 44,495,500 21/2FRASER & NEAVE HOLDINGS (31,000) AMANAHRAYA TRUSTEES 19,219,000 22/2 - SKIM AMANAH SAHAM BUMIPUTERAGABUNGAN AQRS 2,534,100 EMPLOYEES PROVIDENT FUND BOARD 25,798,400 21/2GOH BAN HUAT (1,000,000) PARAGON ADVENTURE 111,396,405 22/2IGB REAL ESTATE 1,221,100 EMPLOYEES PROVIDENT FUND BOARD 332,947,713 21/2INVESTMENT TRUST IGB REAL ESTATE INVEST TRUST 100,000 DATO’ SERI ROBERT TAN CHUNG MENG 1,898,090,778 23/2IJM CORPORATION 668,300 EMPLOYEES PROVIDENT FUND BOARD 531,796,478 21/2INARI AMERTRON 6,482,700 KUMPULAN WANG PERSARAAN 255,789,250 13 - 15/2 (DIPERBADANKAN)IOI CORPORATION 1,200,000 TAN SRI DATO’ LEE SHIN CHENG 3,120,213,180 23/2IOI PROPERTIES GROUP 764,500 EMPLOYEES PROVIDENT FUND BOARD 345,845,543 21/2JAKS RESOURCES 1,788,000 KOON YEW YIN 109,770,600 23/2KUALA LUMPUR KEPONG 1,811,600 EMPLOYEES PROVIDENT FUND BOARD 134,514,488 21/2MALAYAN BANKING 58,945,500 AMANAHRAYA TRUSTEES 3,868,085,747 22/2 - SKIM AMANAH SAHAM BUMIPUTERAMALAYAN BANKING 5,220,400 EMPLOYEES PROVIDENT FUND BOARD 1,328,416,361 21/2MALAYSIA AIRPORTS (1,435,800) EMPLOYEES PROVIDENT FUND BOARD 182,227,492 21/2MAXIS 894,600 EMPLOYEES PROVIDENT FUND BOARD 911,778,699 21/2NESTLE (M) (148,600) EMPLOYEES PROVIDENT FUND BOARD 16,085,400 20 & 21/2PETRONAS CHEMICALS GROUP (219,700) EMPLOYEES PROVIDENT FUND BOARD 590,278,200 21/2PETRONAS GAS (200,100) EMPLOYEES PROVIDENT FUND BOARD 191,540,400 21/2PPB GROUP 331,000 EMPLOYEES PROVIDENT FUND BOARD 135,071,779 21/2PUBLIC BANK (1,058,500) EMPLOYEES PROVIDENT FUND BOARD 546,138,300 21/2QL RESOURCES 616,800 EMPLOYEES PROVIDENT FUND BOARD 84,528,430 21/2SASBADI HOLDINGS (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 37,498,150 21/2SIME DARBY (4,600,000) EMPLOYEES PROVIDENT FUND BOARD 784,354,710 21/2SIME DARBY (20,000,000) PERMODALAN NASIONAL 385,447,392 22/2SIME DARBY 40,000,000 AMANAHRAYA TRUSTEES 2,879,000,000 22/2 - SKIM AMANAH SAHAM BUMIPUTERASIME DARBY PLANTATION 2,046,300 EMPLOYEES PROVIDENT FUND BOARD 908,935,531 21/2SUNWAY REAL ESTATE 418,200 EMPLOYEES PROVIDENT FUND BOARD 414,532,200 20 & 21/2INVESTMENT TRUSTTA ANN HOLDINGS (150,000) EMPLOYEES PROVIDENT FUND BOARD 31,172,998 19/2TENAGA NASIONAL 3,003,000 EMPLOYEES PROVIDENT FUND BOARD 697,761,682 21/2TENAGA NASIONAL 6,480,000 AMANAHRAYA TRUSTEES 476,687,000 22/2 - SKIM AMANAH SAHAM BUMIPUTERATIME DOTCOM (75,900) EMPLOYEES PROVIDENT FUND BOARD 61,585,000 21/2TOP GLOVE CORPORATION 2,000,000 EMPLOYEES PROVIDENT FUND BOARD 78,797,061 21/2UOA DEVELOPMENT 471,900 EMPLOYEES PROVIDENT FUND BOARD 101,804,294 19 - 21/2YINSON HOLDINGS 500,000 EMPLOYEES PROVIDENT FUND BOARD 135,623,216 21/2YTL CORPORATION 600,000 EMPLOYEES PROVIDENT FUND BOARD 686,286,283 21/2

COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION (DISPOSED) SHAREHOLDER AFTER CHANGE DATE

Insider moves (Filings on Feb 26, 2018)Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook.

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

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

NZ $ 0.591 0.728 0.683 0.522 0.925 0.958 0.960 0.929 2.8473 4.595 60.733 4.402 2.674 9,955 47.239 77.889 5.697 38.045 2.651 2.731 5.962 22.851 5.699

EURO 1.692 1.232 1.155 0.882 1.564 1.620 1.624 1.571 4.8163 7.773 102.731 7.446 4.524 16,839 79.907 131.751 9.636 64.354 4.484 4.619 10.084 38.653 9.640

US $ 1.373 0.812 0.937 0.716 1.270 1.315 1.319 1.275 3.9100 6.310 83.400 6.045 3.672 13,670 64.870 106.959 7.823 52.244 3.640 3.750 8.187 31.380 7.826

SWISS FR 1.465 0.866 1.067 0.764 1.354 1.403 1.407 1.360 4.1711 6.731 88.969 6.448 3.918 14,583 69.202 114.102 8.346 55.733 3.883 4.001 8.733 33.475 8.348

STERLING £ 1.917 1.133 1.396 1.309 1.772 1.836 1.841 1.780 5.4584 8.809 116.427 8.439 5.127 19,084 90.560 149.316 10.921 72.933 5.081 5.235 11.429 43.807 10.925

CANADA $ 1.082 0.639 0.788 0.738 0.564 1.036 1.039 1.004 3.0797 4.970 65.690 4.761 2.893 10,767 51.095 84.246 6.162 41.150 2.867 2.954 6.448 24.716 6.164

BRUNEI $ 1.044 0.617 0.760 0.713 0.545 0.965 1.003 0.969 2.9725 4.797 63.403 4.595 2.792 10,393 49.316 81.314 5.947 39.718 2.767 2.851 6.224 23.856 5.949

SINGAPORE $ 1.041 0.616 0.758 0.711 0.543 0.963 0.997 0.967 2.9648 4.785 63.239 4.584 2.785 10,366 49.189 81.103 5.932 39.615 2.760 2.844 6.208 23.794 5.934

AUSTRALIA $ 1.077 0.637 0.784 0.735 0.562 0.996 1.032 1.034 3.0662 4.948 65.402 4.740 2.880 10,720 50.871 83.877 6.135 40.970 2.854 2.941 6.420 24.608 6.137

MALAYSIA RM 0.351 0.208 0.256 0.240 0.183 0.325 0.336 0.337 0.326 1.0000 1.614 21.330 1.546 0.939 3,496 16.591 27.355 2.001 13.362 0.931 0.959 2.094 8.026 2.001

100 CHINESE RMB 21.763 12.866 15.848 14.856 11.352 20.120 20.846 20.900 20.209 61.9650 1,322 95.796 58.200 216,646 1,028.055 1,695 123.980 827.955 57.686 59.433 129.742 497.303 124.022

100 BANGLAD’H TAKA 1.647 0.973 1.199 1.124 0.859 1.522 1.577 1.581 1.529 4.6883 7.566 7.248 4.403 16,391 77.782 128.249 9.380 62.643 4.365 4.497 9.816 37.626 9.383

100 DANISH KRONER 22.718 13.430 16.543 15.508 11.850 21.003 21.761 21.817 21.096 64.6840 104.39 1,380 60.753 226,152 1,073.17 1,769 129.42 864.29 60.22 62.04 135.44 519.12 129.46

100 UAE DIRHAM 37.393 22.106 27.230 25.526 19.506 34.572 35.818 35.911 34.724 106.4699 171.82 2,271 164.60 372,246 1,766 2,913 213.03 1,423 99.12 102.12 222.93 854.48 213.10

1000 INA RUPIAH 0.010 0.006 0.007 0.007 0.005 0.009 0.010 0.010 0.009 0.0286 0.046 0.610 0.044 0.027 0.475 0.782 0.057 0.382 0.027 0.027 0.060 0.230 0.057

100 INDIA RUPEE 2.117 1.251 1.542 1.445 1.104 1.957 2.028 2.033 1.966 6.0274 9.727 128.564 9.318 5.661 21,073 164.881 12.060 80.536 5.611 5.781 12.620 48.373 12.064

100 JAPAN YEN 1.284 0.759 0.935 0.876 0.670 1.187 1.230 1.233 1.192 3.6556 5.899 77.974 5.651 3.433 12,781 60.650 7.314 48.845 3.403 3.506 7.654 29.338 7.317

100 NORWEGIAN KRONER 17.553 10.377 12.783 11.982 9.157 16.229 16.814 16.858 16.300 49.9800 80.658 1,066 77.268 46.943 174,743 829.213 1,367 667.816 46.529 47.937 104.648 401.117 100.034

100 PHILIPPINE PESO 2.628 1.554 1.914 1.794 1.371 2.430 2.518 2.524 2.441 7.4841 12.078 159.635 11.570 7.029 26,166 124.168 204.730 14.974 6.967 7.178 15.670 60.064 14.979

100 QATAR RIYAL 37.726 22.303 27.473 25.753 19.679 34.879 36.137 36.231 35.033 107.4176 173.352 2,291 166.065 100.890 375,560 1,782 2,938 214.921 1,435 103.027 224.911 862.086 214.995

100 SAUDI RIYAL 36.618 21.648 26.665 24.996 19.101 33.854 35.075 35.166 34.003 104.2611 168.258 2,224 161.185 97.925 364,524 1,730 2,852 208.606 1,393 97.061 218.302 836.753 208.677

100 SWEDISH KRONOR 16.774 9.916 12.215 11.450 8.750 15.508 16.067 16.109 15.576 47.7600 77.076 1,018.716 73.836 44.858 166,981 792.381 1,306 95.558 638.153 44.462 45.808 383.300 95.591

100 THAI BAHT 4.376 2.587 3.187 2.987 2.283 4.046 4.192 4.203 4.064 12.4602 20.108 265.775 19.263 11.703 43,564 206.726 340.852 24.930 166.489 11.600 11.951 26.089 24.939

100 HK$ 17.547 10.374 12.778 11.978 9.153 16.223 16.808 16.852 16.295 49.9629 80.631 1,065.704 77.242 46.927 174,683 828.930 1,367 99.966 667.587 46.513 47.921 104.612 400.980

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

BAT 29.960 28.000 28.000 586POS-C17 0.070 0.070 0.070 200ADVCON 0.745 0.715 0.720 1789.9HAIO-CD 0.060 0.060 0.060 29.7CMMT 1.090 1.020 1.040 8730.5YTLPOWR-WB 0.110 0.095 0.100 663.3ALSREIT 0.940 0.905 0.905 41POS-C16 0.060 0.045 0.055 954.8POS-C12 0.055 0.045 0.045 620MAHSING 1.270 1.200 1.220 2314.6LEBTECH 1.220 1.220 1.220 0.1GESHEN 1.130 1.050 1.080 1020.8GENM-C35 0.110 0.105 0.105 15NHFATT 3.280 3.260 3.260 7KERJAYA-CF 0.025 0.025 0.025 140KERJAYA-CH 0.085 0.070 0.070 1874.7LONBISC-WA 0.100 0.085 0.100 2.5PLENITU 1.410 1.400 1.410 222.6AXREIT 1.370 1.340 1.350 1171.9VIVOCOM-WB 0.015 0.005 0.010 14981.9SIMEPROP-CE 0.090 0.085 0.090 50KHEESAN 0.685 0.665 0.685 3.5TOMYPAK-WA 0.410 0.360 0.380 916.8HIBISCS-CC 0.080 0.070 0.070 12450.3EFORCE-WA 0.970 0.900 0.955 634.2VIVOCOM 0.100 0.090 0.095 46286.9EFORCE 1.340 1.230 1.330 3442.5

This table shows stocks that are trading near their year low. This could suggest a build-up in selling momentum, or the possibility that bargain hunting could set in later.

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

ARMADA-C37 0.115 0.095 0.115 756HLBANK 19.280 18.560 19.080 1178.5LEESK 0.620 0.570 0.595 3717.2AXIATA-C23 0.125 0.085 0.120 952.2MAGNUM-C3 0.170 0.155 0.170 128.6CARLSBG 18.400 18.240 18.380 170FBMKLCI-C3N 0.140 0.125 0.130 316.2WARISAN 2.200 2.010 2.100 5.4HAPSENG-CW 0.120 0.090 0.115 304.6AMBANK-C7 0.095 0.095 0.095 370CIMB 7.390 7.220 7.290 17660.3CIMB-C32 0.160 0.150 0.155 5281.3TOPGLOV-C23 0.840 0.840 0.840 5BURSA-C15 0.240 0.220 0.225 930BURSA 11.480 11.140 11.300 1696.1BURSA-C13 0.180 0.130 0.160 714.3BURSA-C14 0.260 0.230 0.235 892.7DAIBOCI 2.410 2.390 2.400 109.7CCMDBIO 3.050 2.910 3.000 1426.5PPB 18.700 17.680 18.180 681.8TOPGLOV-C24 0.465 0.455 0.465 110DGB-WA 0.050 0.035 0.040 75193.2FBMKLCI-C3J 0.265 0.255 0.265 49BAHVEST 1.020 0.965 0.990 6502.3FBMKLCI-C3O 0.120 0.115 0.115 158.4DLADY 69.980 68.200 69.900 29.7BAHVEST-WA 0.635 0.595 0.610 3866.3

This table shows stocks that are trading near their year high. This could suggest a build-up in buying momentum, or the possibility that profi t-taking activities could set in later.

Trading themes

Stocks closest to year high Stocks closest to year low

Russian oil exports

• Listing of Malaysia’s first US dollar-de-nominated, syariah-compliant security on Bursa Securities. Entirely tradeable in US dollars, MyETF Dow Jones US Titans 50 (MyETF-US50) allows Malaysian investors to buy into a variety of syariah-compliant US blue-chip stocks that have been previ-ously out of reach. Listing at Bursa Malaysia Listing Gallery, Ground Floor, Exchange Square, Bukit Kewangan, Kuala Lumpur at 9am.

• Th e World Bank holds joint forum with the Malaysia Digital Economy Corp on “How Can Artifi cial Intelligence and the Internet of Th ings Supercharge Growth, Innovation and Job Creation?” at Sasana Kijang, Conference Hall 2, Lower Ground

Floor, Jalan Dato’ Onn, Kuala Lumpur from 9.30am to noon.

• Lazada launches “First Ever Quality Guar-antee Programme and Introduction of La-zada Malaysia’s new chief executive offi cer at Hilton Petaling Jaya, Kristal Ballroom 1, Jalan Barat, PJS 52, Petaling Jaya from 10.30am to 12.30pm.

• Mastercard invites you to its annual Chinese New Year lunch at Hilton Kuala Lumpur, Ballroom A and B, Level 6, Jalan Stesen Sentral 5, Kuala Lumpur at noon.

• Alliance Bank Chinese New Year appreci-ation dinner at Kuala Lumpur Convention Centre, Conference Hall, Level 3, from 6pm to 9pm.

Th e quality of Russia’s fl agship Urals oil grade has deteriorated, with some traders blaming the decline on Russia favouring the Chinese market over the West as the destination for its highest-quality oil cargoes.

MarketsF 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

3 1


Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

FEB/MAR -1.5 -2.0 -1.5

INDEX AND FUTURES OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

Money market

Commodities

MAR/APR 7MAR/MAY 14MAR/JUN 25APR/MAY 7

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -69.543 MONTHS AVERAGE -94.406 MONTHS AVERAGE -98.45

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

MAR-18 2,556 1 364 3,724 -1,131APR-18 2,549 -2 3,789 10,289 -3,123MAY-18 2,542 2 17,622 34,712 -138JUN-18 2,531 3 6,761 38,170 2,166JUL-18 2,517 1 3,726 45,630 162

Palm oil touches 6-week high, tracking gains in US soyoil

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

Oil lower ahead of US crude inventories weekly data

METAL & PRECIOUS METALSTIN US$/TON KLTM 21,600 UNCHCOPPER USC/IBS CMX 3.2050 -0.0195GOLD US$/TROY OZ CMX 1,334.10 1.30PLATINUM US$/TROY OZ NYMEX 999.50 -2.30PALLADIUM US$/TROY OZ NYMEX 1,053.80 -0.65SILVER USC/TROY OZ CMX 16.62 0.03ALUMINIUM RMB/TON SHF 14,370 5ZINC RMB/TON SHF 26,650 100

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 63.67 -0.24HEATING OIL USC/GAL NYMEX 1.9873 -0.0002NATURAL GAS US$/MMBTU NYMEX 2.691 -0.020BRENT CRUDE US$/BBL ICE 67.37 -0.13GAS OIL US$/TON ICE 598.00 -1.00

CRUDE PALM OIL RM/TON MDEX 2,542 2RUBBER SEN/KG MRB 574.00 -2.50CORN USC/BSH CBOT 369.00 0.50SOYBEANS USC/BSH CBOT 1,037.00 2.75WHEAT USC/BSH CBOT 462.50 3.00LIVE CATTLE USC/IBS CME 124.00 -0.85COCOA US$/TON NYBOT 2,214 -1COFFEE USC/IBS NYBOT 121.75 -0.15SUGAR USC/IBS NYBOT 13.39 -0.04COTTON USC/IBS NYC 82.29 -0.46

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 Feb 27, 2017

200

625

1050

1475

1900

574.00(-2.50)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

1 - 10TH DAYS1 - 15TH DAYS1 - 20TH DAYS1 - 25TH DAYSFULL MONTH

DEC’17 JAN’18 FEB’18

339/364 381/259 421/412 581/597 565/553 635/608 865/874 745/728 815/792 1,108/1,091 1,033/1,014 1,077/1,065 1,439/1,422 1,313/1,290 —/—

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1200

1395

1590

1785

1980

Feb 27, 2018

1,869.50(+5.50)

Klibor

Implied interest rate (%)

Oct 1, 2000

3.71(Unch)

Feb 27, 2018

1.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

473.00(+10.00)

Feb 27, 2018

300

500

700

900

1100

CPO futures

FBM KLCI futures

MAR8 96.32 — — —APR8 96.30 — — —MAY8 96.29 — — —JUN8 96.27 — — —SEP8 96.27 — — —DEC8 96.27 — — —MAR9 96.22 — — —JUN9 96.22 — — —SEP9 96.22 — — —DEC9 96.22 — — —MAR0 96.22 — — —JUN0 96.22 — — —SEP0 96.22 — — —DEC0 96.22 — — —MAR1 96.22 — — —JUN1 96.22 — — —SEP1 96.22 — — —DEC1 96.22 — — —MAR2 96.22 — — —JUN2 96.22 — — —SEP2 96.22 — — —DEC2 96.22 — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian palm oil futures rose to a more than six-week high yesterday before paring gains, but still ended higher for a third straight session supported by the strength in rival edible oils. Th e benchmark palm oil contract for May delivery on Bursa Malaysia Derivatives was up 0.1% or RM2 at RM2,542 a tonne at the close of trade. It rose to RM2,557 in the second half (2H) of trade, its strongest levels since Jan 12. It has gained 2% so far this month. “Palm oil was higher before due to support from China Dalian Commodity Exchange’s refi ned, bleached and deodorised palm olein,” said a futures trader. “But it then came down on a weaker demand growth outlook.” Cargo surveyors are due to release Malaysia’s palm oil shipment data for February after 0300 GMT today. Exports were up 4% to 5% in the Feb 1 and Feb 25 period versus the corresponding period in January, compared with gains of 8% to 9% in the Feb 1 and Feb 20 period. Palm oil climbed in the 1H of trade, tracking overnight gains in US soyoil on the Chicago Board of Trade, said another trader yesterday. Prices of the tropical oil are affected by movements in rival edible oils as they compete for a share in the global vegetable oils market. — Reuters

OCT’17 NOV’17 DEC’17 JAN’18

2,009 1,943 1,834 1,587 1,549 1,354 1,423 1,513 2,190 2,557 2,732 2,548

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 559 19.00% 534 18.00% 509SOUTH 20.00% 563 19.00% 538 18.00% 513CENTRAL 20.00% 556 19.00% 531 18.00% 506EAST COAST 20.00% 556 19.00% 532 18.00% 507SABAH 22.00% 541 21.00% 518 20.00% 496SARAWAK 22.00% 548 21.00% 525 20.00% 502

REGION GRADE A GRADE B GRADE C OER (RM/TON) OER (RM/TON) OER (RM/TON)

(IN RM/TON) FEB’18 MAC’18 APR’2018

CPO DELD 2,543.00 2,531.50 2,550.00PK EX-MILL 2,100.00 NO TRADE NO TRADECPKO DELD NO TRADE 4,407.00 NO TRADERBD P.OIL FOB NO TRADE NO TRADE NO TRADERBD P.OLEIN FOB NO TRADE 2,650.50 NO TRADERBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE

MPOB palm oil physical

Oil prices edged lower yesterday ahead of weekly data forecast to show a rise in US crude inventories, although investor’s faith in Opec’s ability to curtail production helped stem a larger price slide. Brent crude futures fell 13 US cents to US$67.37 a barrel, while US West Texas Intermediate crude eased 24 US cents to US$63.67. The American Petroleum Institute released its weekly figures on US crude inventories yesterday. Stocks are forecast to have risen by 2.7 million barrels last week, according to a Reuters poll. Inventories have fallen by more than 100 million barrels, or a quarter, in the last 12 months, to around their lowest in three years. Seasonally, stocks tend to build in the fi rst three months of the year. — Reuters

Commodities

high before giving up gains on profi t-taking in Chinese shares. — Agencies

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 Feb 27, 2018

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(+2)2,542

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 Feb 27, 2018

0.3288(RM2,831/tonne)

2,542(+2)

0.000

0.175

0.350

0.525

1100

2425

3750

5075

6400 0.700

Th e US dollar steadied against most major currencies yesterday, with traders cautious ahead of testimony from new US Federal Reserve (Fed) chief Jerome Powell that could determine whether the currency’s recovery from a three-year low has more room to run. Powell’s Congressional testimony will be his fi rst public appearance since being sworn in as chairman earlier this month. Traders will watch closely to see whether the new chief will continue on the gradual monetary rate path pursued by his precedessor Janet Yellen, or whether he will take a more hawkish approach. Several policymakers have argued the Fed is due for a broad rethink of its approach to infl ation, with a faster pace of rate increases needed to keep rising consumer prices in check. — Reuters

US dollar treads water as all eyes turn to Powell

Th e FBM KLCI futures contracts on Bursa Malaysia Derivatives ended higher yesterday, tracking the strong rally in the underlying cash market. February 2018 rose 5.5 points to 1,869.5; March 2018 and September 2018 added 6.5 points each to 1,868 and 1,863 respectively, and June 2018 was fi ve points better at 1,864. Turnover fell to 17,363 lots from 32,773 lots on Monday with open interest falling to 43,789 contracts from 67,426 contracts. Th e underlying benchmark FBM KLCI closed 11.38 points fi rmer at 1,871.46. Most Southeast Asian stock markets closed higher yesterday, tracking Wall Street as a fall in US Treasury yields eased concerns about rising interest rates. MSCI’s Broadest Index of Asia-Pacifi c shares outside Japan also hit a three-week

FBM KLCI futures end higher tracking strong cash market

Crude Oil

US$/bbl

Apr 10, 2007 Feb 27, 2018

63.67(-0.24)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 Feb 27, 2018

700

1020

1340

1660

1980

1,334.10(+1.30)

Long Rolls - KLCI futures

Index points

Jan 4, 2010

-1.50(+1.00)

Feb 27, 2018

-35.00

-21.75

-8.50

4.75

18.00

US Dollar

USD Index

Oct 2, 2006

71.0

79.5

88.0

96.5

105.089.859(+0.006)

Feb 27, 2018

FBMKLCI 1,871.46 11.38 149.9M FEB 18 1,869.50 5.50 8,460 15,588 -10,090MAR 18 1,868.00 6.50 8,817 27,739 10,522JUN 18 1,864.00 5.00 63 360 -1SEP 18 1,863.00 6.50 23 102 3TOTAL 17,363 43,789 434

FEB 18 2 0.17 0.00 0.17MAR 18 32 5.40 10.13 -4.73ROLL’S FAIR -4.90


Markets Y O U R D A I L Y F I N A N C I A L M A R K E T S R O U N D U P

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

I N S I D E R M O V E S . T R A D I N G T H E M E S . E V E N T S . F O R E X PA G E 3 0

G L O BA L M A R K E T S . B U R SA M A L AY S I A E Q U I T Y D E R I VAT I V E S PA G E 2 9

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 5RESEARCH: TAI TS [[email protected]]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KUALA LUMPUR: Th e FBM KLCI gained 11.38 points or 0.61% yesterday, lifted mainly by banking stocks. At 5pm, the FBM KLCI closed at 1,871.46 points. Bursa Malaysia’s fi nance index rose 201.41 points or 1.11% to settle at 18,299.16 points yesterday as Hong Leong Financial Group Bhd and Hong Leong Bank Bhd shares emerged among Bursa’s top 10 gainers. CIMB Group Holdings, Malaysia’s second-largest lender, climbed 1.3% to its highest close since late August 2014, while Hong Leong Bank Bhd rose to a record close. “On a technical basis, the FBM KLCI should continue to see an uptrend to about 1,880 level. If there is any negative external surprise, we should see a support level at about 1,840 to 1,850,” Hong Leong Investment Bank head of retail research Loui Low said. Across Asian markets, Japan’s Nikkei Share Average gained 1.07%, Hong Kong’s Hang Seng Index fell 0.73%, while South Korea’s Kospi slipped 0.06%. Reuters reported that global shares held fi rm near three-week highs yesterday as US borrowing costs eased ahead of US Federal Reserve (Fed) chairman Jerome Powell’s awaited fi rst congressional testimony later in the day. Powell’s debut appearance is seen as critical for financial markets at a time when many investors are nervous about the Fed’s policy normalisation following years of stimulus after the fi nancial crisis almost a decade ago. — by Billy Toh

FBM KLCI up 11.38 points, lifted by banking stocks

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)HONG LEONG BANK 2.00 0.560 19.080 1178.5HONG LEONG FINANCIAL 1.40 0.740 19.200 488.3CIMB GROUP 1.37 0.090 7.290 17660.3TENAGA NASIONAL 1.31 0.140 15.760 14590.8HAP SENG CONSOLIDATED 1.11 0.270 9.570 1172.1GENTING MALAYSIA 1.08 0.110 5.270 6155.9MAYBANK 1.07 0.060 10.460 25321.2PETRONAS CHEMICAL 0.92 0.070 8.120 10217.3PPB GROUP 0.90 0.460 18.180 681.8PETRONAS GAS 0.78 0.240 17.900 683.6PUBLIC BANK 0.64 0.100 23.000 7175.5RHB BANK 0.46 0.070 5.470 5149.9GENTING 0.45 0.070 8.990 4882.0SIME DARBY PLANTATION 0.34 0.030 5.530 5402.3YTL CORPORATION -0.36 -0.020 1.470 5155.3AXIATA GROUP -1.94 -0.130 5.460 14100.7SUB-TOTAL 11.54 OTHERS -0.16 GRAND TOTAL 11.38

1,875.00 1,866.50 1,873.00 1,865.00 1,871.00 1,863.00

Market movers

DOW JONES 25,709.27 399.28S&P 500 2,779.60 32.30NASDAQ 100 6,989.10 92.50FTSE 100 7,289.58 45.17AUSTRALIA 6,056.86 14.68CHINA 3,292.07 -37.51HONG KONG 31,268.66 -229.94INDIA 34,346.39 -99.36

INDONESIA 6,598.93 44.25JAPAN 22,389.86 236.23KOREA 2,456.14 -1.51PHILIPPINES 8,592.38 92.40SINGAPORE 3,540.39 -15.46TAIWAN 10,815.47 -21.23THAILAND 1,830.39 -3.79VIETNAM 1,119.61 5.08

CLOSE CHANGE CLOSE CHANGE

World equity indices

TURNOVER CHANGE CHANGE PRICE PE DIVIDEND (‘000) (RM) (%) (RM) RATIO YIELD (%)

Daily top 20 active stocks

DLADY 69.900 2.200DIN040000223 98.300 0.800HLFG 19.200 0.740AJI 22.980 0.560HLBANK 19.080 0.560PPB 18.180 0.460MUDA 1.690 0.390GENP 10.100 0.300CARLSBG 18.380 0.280HAPSENG 9.570 0.270PETGAS 17.900 0.240AHEALTH 5.510 0.210

BAT 28.000 -1.800POS 4.420 -0.570TONGHER 3.770 -0.330LATITUD 3.720 -0.330MAGNI 4.550 -0.270PADINI 5.130 -0.220UMW 6.490 -0.200BKAWAN 18.620 -0.180GTRONIC 6.220 -0.170PENTA 2.500 -0.150PANAMY 33.680 -0.140VITROX 6.360 -0.130

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by RM)

TIMECOM-CO 0.010 100.00MALAKOF-C3 0.010 100.00SCBUILD-WB 0.015 50.00IJM-C9 0.015 50.00APFT 0.015 50.00GAMUDA-C38 0.015 50.00SERSOL-WA 0.110 37.50MALAKOF-C6 0.020 33.33WCT-C4 0.040 33.33MUDA 1.690 30.00BURSA-C13 0.160 28.00HAPSENG-CW 0.115 27.78

MRCB-C25 0.010 -50.00BJASSET-WA 0.005 -50.00POS-C11 0.015 -50.00POS-C12 0.045 -50.00AXIATA-C21 0.065 -45.83POS-C15 0.075 -44.44POS-C14 0.035 -41.67UEMS-C50 0.015 -40.00UEMS-C53 0.015 -40.00KERJAYA-CF 0.025 -37.50MMCCORP-C6 0.010 -33.33UNISEM-C2 0.010 -33.33

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers (ranked by percentage)

FBM KLCI & KLCI futures intraday

Daily FBM KLCI

FBM KLCI sensitivity*

FBM KLCI futures

TIMECOM-CO 0.010 100.00MALAKOF-C3 0.010 100.00SCBUILD-WB 0.015 50.00IJM-C9 0.015 50.00GAMUDA-C38 0.015 50.00SERSOL-WA 0.110 37.50MALAKOF-C6 0.020 33.33WCT-C4 0.040 33.33BURSA-C13 0.160 28.00HAPSENG-CW 0.115 27.78HSI-H2X 0.405 26.56ASDION-WB 0.050 25.00

MRCB-C25 0.010 -50.00BJASSET-WA 0.005 -50.00POS-C11 0.015 -50.00POS-C12 0.045 -50.00AXIATA-C21 0.065 -45.83POS-C15 0.075 -44.44POS-C14 0.035 -41.67UEMS-C50 0.015 -40.00UEMS-C53 0.015 -40.00KERJAYA-CF 0.025 -37.50MMCCORP-C6 0.010 -33.33UNISEM-C2 0.010 -33.33

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

KBUNAI-WC 128,333 20.00 0.005 0.030 0.040 0.025NETX 76,564 0.00 0.000 0.040 0.040 0.035DGB-WA 75,193 14.29 0.005 0.040 0.050 0.035KBUNAI 65,400 14.29 0.010 0.080 0.095 0.075BORNOIL 47,634 0.00 0.000 0.085 0.090 0.080VIVOCOM 46,287 -5.00 -0.005 0.095 0.100 0.090EAH 35,772 12.50 0.005 0.045 0.045 0.040TOYOINK-WA 30,158 -14.81 -0.020 0.115 0.140 0.090MTRONIC 23,955 10.00 0.005 0.055 0.060 0.050KPJ 21,202 2.16 0.020 0.945 0.955 0.920ORION-WA 20,130 -16.67 -0.015 0.075 0.080 0.070MAXWELL 17,770 0.00 0.000 0.020 0.020 0.020HSI-C1X 15,777 -4.72 -0.030 0.605 0.680 0.555VIVOCOM-WB 14,982 0.00 0.000 0.010 0.015 0.005HSI-C3C 14,071 -3.66 -0.015 0.395 0.445 0.360HENGYUAN-CM 13,860 -7.06 -0.030 0.395 0.415 0.380

STOCK VOLUME CHANGE CHANGE CLOSE HIGH LOW ('000) (%) (RM) (RM) (RM) (RM)

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

UNUSUAL MARKET ACTIVITIES

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

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Moving average - 20-dayKL Composite Index

Volume (’mil)

Jan 2, 2008 Feb 27, 2018

1,871.46(+11.38)

1,849.05

820.0

1122.5

1425.0

1727.5

2030.0

0

300

600

900

5.000000

5.800000

6.600000

7.400000

8.200000

9.000000

9.800000

0.600001

1.400001

2.200001

17:1516:3015:3014:3012:4511:3010:309:308:45

Index point

KL Composite Index

KLCI futures

1,868.00(+6.50)

1,871.46(+11.38)

FEB 18 1,869.50 5.50MAR 18 1,868.00 6.50JUN 18 1,864.00 5.00

Procrastination is the thief of time.— Edward Young

KBUNAI-WC 128,332.7 0.005 20.00 0.030 — 0.00NETX 76,564.2 UNCH UNCH 0.040 16.00 0.00DGB-WA 75,193.2 0.005 14.29 0.040 — 0.00KBUNAI 65,399.5 0.010 14.29 0.080 13.46 0.00DGB 51,581.1 -0.010 -5.41 0.175 132.14 0.00PUC 48,472.6 UNCH UNCH 0.275 161.76 0.00BORNOIL 47,633.8 UNCH UNCH 0.085 16.35 0.00VIVOCOM 46,286.9 -0.005 -5.00 0.095 23.81 0.00HUAAN 45,558.1 -0.020 -3.28 0.590 — 0.00DBE 39,308.5 UNCH UNCH 0.035 — 0.00AAX 36,774.9 UNCH UNCH 0.435 18.91 0.00EAH 35,772.1 0.005 12.50 0.045 28.57 0.00SUMATEC 35,014.9 -0.005 -6.25 0.075 — 0.00ORION 30,917.2 -0.020 -12.90 0.135 — 0.00TOYOINK-WA 30,157.8 -0.020 -14.81 0.115 — 0.00HIBISCS 29,506.6 -0.025 -2.56 0.950 38.84 0.00GPACKET 28,808.3 0.005 1.02 0.495 — 0.00ARMADA 28,423.3 0.025 2.87 0.895 14.48 1.07UMWOG 28,401.6 0.005 1.54 0.330 — 0.00MAYBANK 25,321.2 0.060 0.58 10.460 13.71 5.29

1,871.46 11.38 6,344.45 81.26 3,540.39 15.46 22,389.86 236.23 31,268.66 229.94 25,709.27 399.281,871.46 11.38 6,344.45 81.26 3,540.39 15.46 22,389.86 236.23 31,268.66 229.94 25,709.27 399.28KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES1,871.46 11.38 6,344.45 81.26 3,540.39 15.46 22,389.86 236.23 31,268.66 229.94 1,871.46 11.38 6,344.45 81.26 3,540.39 15.46 22,389.86 236.23 31,268.66 229.94

WEDNESDAY FEBRUARY 28, 2018 ISSUE 2599/2018...

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Transcript of WEDNESDAY FEBRUARY 28, 2018 ISSUE 2599/2018...