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FBM KLCI 1778.65 2.78 KLCI FUTURES 1777.50 5.50 STI 3264.21 8.92 RM/USD 4.3250 CPO RM2683.00 32.00 OIL US$52.33 1.49 GOLD US$1232.30 4.60

UMW-OG expects to turn cash-fl ow positive this year 4 H O M E B U S I N E S S

FINANCIALDAILY

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M A K E B E T T E RDECISIONS

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

TUESDAY MAY 16, 2017 ISSUE 2410/2017

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

Tan Chong countersues Cambodian car dealership for US$33m

‘Arul Kanda stays as 1MDB CEO, to be involved in TRX project’3 H O M E B U S I N E S S




1 0 P R O P E R T Y

1 8 C O M M E N T

Daily net foreign buying a ‘new normal’ on Bursa

MSM still asking for a raise in price of sugar

FGV exploring China expansion

Singapore home sales more than doubled in April

How US$74b in bonds bankrupted Puerto Rico

IWCITY SHARES HIT LIMIT-UP after last week’s plungeRenewed interest in counter comes amid talk IWH CREC is back in Bandar Malaysia. Adela Megan Willy has the story on Page 3.

April 22, 2016

May 15, 2017

RM2.13

Cambodian car dealership for US$33m




1 0 P R O P E R T Y


MSM still asking for a raise in priceof sugar


Singapore home sales more than

RRRRRRReeeeeeeennnnnnnneeeeeewwwweeddd interest in counter comes amid talk IWH CREC is back in Bandar Malaysia. Adela Megan Willy has the story on Page 3.

AAApril 22, 2016

May 15, 2017

RM22...1111133333333Th eEdgeProperty.comMORE THAN a property

portal

N E W S . N E W L A U N C H E S . L I S T I N G S . D ATA . A N A LY T I C S

FBM KLCI 1778.65 2.78 KLCI FUTURES 1777.50 5.50 STI 3264.21 8.92 RM/USD 4.3250 CPO RM2683.00 32.00 OIL US$52.33 1.49 GOLD US$1232.30 4.60

UMW-OG expects to turn cash-fl ow positive this year 4 H O M E B U S I N E S S

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 RM1.60 (INCLUSIVE OF 6% GST)

TUESDAY MAY 16, 2017 ISSUE 2410/2017


Tan Chong countersues Cambodian car dealership for US$33m

‘Arul Kanda stays as 1MDB CEO, to be involved in TRX project’3 H O M E B U S I N E S S




1 0 P R O P E R T Y

1 8 C O M M E N T


MSM still asking for a raise in price of sugar


Singapore home sales more than doubled in April


IWCITY SHARES HIT LIMIT-UP after last week’s plungeRenewed interest in counter comes amid talk IWH CREC is back in Bandar Malaysia. Adela Megan Willy has the story on Page 3.

April 22, 2016

May 15, 2017

RM2.13

2 TUESDAY MAY 16, 2017 • THEEDGE FINANCIAL DAILY

For breaking news updates go towww.theedgemarkets.com

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KUALA LUMPUR: Th e ministry of international trade and industry (Miti) will initiate an anti-dumping investigation on cold rolled stain-less steel (CRSS) and will make a preliminary determination within 120 days of initiation.

Th e ministry said it will provide a set of questionnaires to interest-ed parties, including importers,

Miti to start anti-dumping probe on cold rolled steel importsforeign producers, exporters and associations, which will be available on request no later than May 29.

“Interested parties may also provide additional supporting ev-idence to Miti on, or before, June 15. In the event no additional in-formation is received within the specifi ed period, the government will make its preliminary fi ndings based on the available facts,” it said in a statement yesterday.

“In accordance with the Coun-tervailing and Anti-Dumping Du-ties Act 1993 and its related regula-tions, a preliminary determination will be made within 120 days from the date of initiation.

“If the preliminary determina-tion is affi rmative, the government will impose an anti-dumping duty at the rate that is necessary to pre-vent further injury,” it added.

Th e government received a pe-

tition from a domestic producer requesting anti-dumping investiga-tion on imports of CRSS on April 17.

Miti said the petitioner alleged that imports of CRSS from China, South Korea, Taipei and Th ailand are being dumped in Malaysia at pric-es lower than their domestic price.

The petitioner said that the imports from these markets have increased in quantity and have caused material injury.

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has withdrawn its ju-dicial review proceedings against the Energy Commission (EC) and the minister of energy, green tech-nology and water over a condition precedent in the proposed new power purchase agreement (PPA) between the utility group and YTL

TNB withdraws judicial review against EC, ministerPower International Bhd.

“Th e application [to withdraw] was made following the settlement of the dispute between the parties and the agreement by YTL to incor-porate the condition precedent as required by TNB in the new PPA,” said TNB in a fi ling with Bursa Ma-laysia yesterday.

The PPA is to facilitate TNB’s purchase of electricity generated by

YTL Power’s subsidiary YTL Pow-er Generation Sdn Bhd’s 800mw power plant in Paka, Terengganu.

TNB applied to commence ju-dicial review proceedings against the EC and the minister in July last year, in relation to a direction issued by EC to TNB.

The direction compels TNB, among others, to remove the in-corporation of conditions prece-

dent required by the utility group in the PPA.

However, on May 9, TNB an-nounced it had executed the new PPA and a new land lease agree-ment with YTL Power.

Th e plant is scheduled to start commercial operation on Sept 1.

TNB shares closed up 10 sen at RM14 yesterday, giving it a market capitalisation of RM79.2 billion.

BEIJING: China’s central bank is urg-ing Alibaba Group Holding Ltd’s fi -nancial affi liate to reduce the maxi-mum amount individuals can invest in its Yu’E Bao money-market fund to limit risks to fi nancial markets, people with knowledge of the matter said.

Yu’E Bao, the world’s largest mon-ey-market fund, will cut its current one million yuan (RM627,730) in-vestment cap by more than half af-ter receiving input from the People’s Bank of China (PBoC), according to the people who asked not to be identifi ed discussing sensitive infor-mation. Th e limit may be imposed as soon as this month and will apply to new money infl ows, they said.

World’s biggest money fund under pressureCap on investing in Yu’E Bao to be cut by more than half

Owned by Alibaba’s Ant Finan-cial affi liate, Yu’E Bao has since its launch about four years ago lured more than 300 million Chinese in-vestors seeking higher returns than bank deposits. Th e fund’s assets grew to 1.14 trillion yuan by March, topping the size of the JPMorgan US Government Money Market Fund.

Yu’E Bao’s size has spurred con-cerns about its infl uence over the nation’s interbank market, where most of its money is invested, and where borrowing costs have soared to a two-year high amid the govern-ment’s renewed campaign against leverage.

Th e PBoC couldn’t immediately comment. Representatives for Tian-hong Asset Management Co, which

is majority owned by Ant Financial and manages Yu’E Bao funds, also couldn’t immediately comment. Ant Financial didn’t immediately return an email seeking comment.

Yu’E Bao — which means “lefto-ver treasure” — was made available through Ant Financial’s Alipay plat-form with no minimum investment or time frame, and can be used to make credit-card payments and buy products. Th at means that most of its investors are individuals rather than companies or fi nancial inter-mediaries.

Th e fund has benefi ted from the government’s deleveraging drive as the spike in borrowing costs drove up money-market fund re-turns. — Bloomberg

NEW YORK: Brian Duperreault, who took over as chief executive offi cer of American International Group Inc (AIG) yesterday, said he is not planning to split up the com-pany as some activists have urged.

“I didn’t come here to break the company up. I came here to grow it,” Duperreault, 70, said at AIG’s consumer-insurance investor day.

“Capital will also be deployed to expand and grow our businesses with the goal of building long-term shareholder value.”

AIG named Duperreault its sev-enth CEO since 2005, to help turn around a company that’s been bat-tling higher-than-expected claims costs. — Bloomberg

S’pore group getsmasterbuilder rights

AIG CEO says no plans to break up

SINGAPORE: A Singapore consorti-um was yesterday given the master development rights to the Amar-avati City Start-up Area in India’s southern Andhra Pradesh state.

Th e Business Times report said the group — comprising sustainable ur-ban development providers Ascend-as-Singbridge and Sembcorp Devel-opment, a wholly-owned subsidiary of Sembcorp Industries — received the contract from the government of Andhra Pradesh at a ceremony held at the Taj Gateway Hotel in Vijayawada.

Th e ceremony was witnessed by Andhra Pradesh Chief Minis-ter Chandrababu Naidu and Sin-gapore’s Minister for Trade and Industry S Iswaran.

Iswaran also signed a memo-randum of understanding with the Andhra Pradesh government to help “set up a process to identify and link economic development opportunities with prospective companies on a regular basis”.

H O M E B U S I N E S S 3TUESDAY MAY 16, 2017 • THEED G E FINANCIAL DAILY

IWCity shares hit limit-up after last week’s plungeRenewed interest in counter comes amid talk IWH CREC is back in Bandar Malaysia

Petronas Gas 1Q net profi t up 3.6%, pays 15 sen dividend

Kuan Poh Huat exits Spring Gallery

BY A D E L A M EG A N W I L LY


BY A N E T T E A P PA D U R AY


KUALA LUMPUR: Petronas Gas Bhd’s (PetGas) net profi t rose 3.6% to RM463.24 million or 23.41 sen a share in the first quarter ended March 31, 2017 (1QFY17), from RM447.17 mil-lion or 22.6 sen a share a year ago, on lower tax expense as a result of higher utilisation of the utilities business tax incentive.

Quarterly revenue increased 3.4% to RM1.17 billion in 1QFY17, from RM1.13 billion in 1QFY16. PetGas said the board of directors has also ap-proved a fi rst interim dividend of 15 sen per share amounting to RM296.8 million for FY17, payable on June 14.

In a Bursa Malaysia filing yesterday, PetGas attributed the improved quarterly reve-nue to higher utilities revenue on higher off take by customers, as well as higher sales prices in line with upward fuel gas price revision. The group also saw higher regasifi cation revenue attributed to higher storage fees.

It said earnings before inter-est, taxes, depreciation and am-ortisation were also higher by 2% in line with higher revenue.

On prospects, PetGas said its performance is expected to remain stable in 2017.

“Th e utilities segment will continue to contribute posi-tively to the group’s results,” it added.

KUALA LUMPUR: Kuan Poh Huat has sold his entire 19.74 million shares, representing a 13.5% stake, in Spring Gallery Bhd for RM14.35 million or 72.7 sen per share.

He disposed of 14.66 mil-lion shares on May 12, and the remaining 5.08 million shares yesterday.

Spring Gallery shares closed at 78 sen on May 12 and at 83 sen yesterday, indicating that Kuan’s disposal price of 72.7 sen per share was a 6.8% discount to its closing price last Friday and a 12.4% discount to its closing market price yesterday.

In a fi ling with Bursa Malay-sia yesterday, Spring Gallery said Kuan, 49, has also resigned as an executive director of the company, which has interests in the manufacturing and trad-ing of ceramic wares as well as property development.

His resignation was with im-mediate eff ect. Kuan was ap-pointed to the board of Spring Gallery in May 2015, the same time when he emerged as a substantial shareholder of the company.

BEIJING: Arul Kanda Kandasamy will remain as the chief execu-tive offi cer (CEO) of 1Malaysia Development Bhd (1MDB), and will also be involved in the devel-opment of the iconic Tun Razak Exchange (TRX) in Kuala Lumpur,

‘Arul Kanda stays as 1MDB CEO, to be involved in TRX’Prime Minister Datuk Seri Najib Razak said.

“I have full confi dence in him,” he said.

Arul Kanda has provided good leadership for the resolution of the rationalisation of 1MDB and “he will

continue to be there”, Najib, who is also the fi nance minister, told Ma-laysian journalists at the end of the two-day Belt and Road Forum for In-ternational Cooperation yesterday.

As far as Bandar Malaysia is con-cerned, Treasury Secretary-General

KUALA LUMPUR: Tan Chong Mo-tor Holdings Bhd is countersuing a Cambodian car dealership which claimed it had always been allowed to play the role of sole distributor of Nissan vehicles in Cambodia, for US$33 million (RM142.8 million).

Tan Chong said it is taking the ac-tion against Narita Motorcare (Cam-bodia) Co Ltd, and that the amount it is seeking for is for actual losses and emotional damages caused by Narita’s fi ling for a preservative relief order in July 2015 to protect its pur-ported sole distributorship status.

For some perspective, Tan Chong, via its wholly-owned unit ETCM (C) Pty Ltd, was appointed as the sole and exclusive distributor of Nissan’s completely built-up ve-hicles in Cambodia by Nissan Motor Co Ltd in March 2010, according to

Tan Chong countersues Cambodian car dealership for US$33mTan Chong’s Bursa Malaysia fi ling yesterday.

Th is resulted in ETCM taking over the Nissan distributorship from the then distributor, Denmark-based Kjaer Group, which had appointed Narita as its non-exclusive dealer for Nissan vehicles in Cambodia.

Subsequently, another Tan Chong’s wholly-owned unit, Tan Chong Motor (Cambodia) Pty Ltd (TCMC), was appointed to distrib-ute Nissan vehicles in Cambodia, including the rights to appoint deal-ers to sell Nissan vehicles.

ETCM then went into talks with Narita to appoint Narita as a non-ex-clusive dealer in Phnom Penh. Nari-ta, however, contended that in prac-tice, it had always been allowed by Kjaer Group to play the role of sole distributor of Nissan vehicles in the whole of Cambodia, with the rights, among others, to import Nissan ve-

hicles into the country.ETCM’s negotiation with Narita

dragged on for years until Narita fi led a motion for the preservative relief order. However, Tan Chong said the Court of Appeal ruled in favour of ETCM and TCMC on Sept 12, 2016, after an appeal motion was fi led.

“Th e ministry of commerce of Cambodia had also, via its letter dated Dec 23, 2015, recognised the exclusive rights of TCMC to distrib-ute Nissan vehicles in Cambodia,” said Tan Chong.

But on April 26 this year, Narita, Long Narith and Pich Sokhom un-expectedly fi led a motion to add and correct a complaint and a coun-ter-complaint to, among others, or-der ETCM and TCMC to pay dam-ages and compensation of US$6.55 million to Narita, and US$200,000 each to Narith and Sokhom.

In response, on May 9, ETCM and TCMC jointly fi led a third motion to correct the counter-complaint, said Tan Chong.

Besides the US$33 million, the two companies are seeking to dis-miss all claims by Narita, Narith and Sokhom, and a confi rmation that no agreement existed among Narita, ETCM and TCMC.

ETCM and TCMC are of the view that they have a legitimate defence against the claims, said Tan Chong.

“Should ETCM (C) and TCMC fail in their contestation of the claims, Tan Chong Motor is of the opinion that the group is able to fulfi l the commitment to the above-men-tioned claims, [in which] the net assets per share of the group will be reduced by 4.6 sen. Th ere is no impact on ETCM (C) and TCMC’s business operations in Cambodia,” it added.

Tan Sri Dr Mohd Irwan Serigar Abdullah would be in charge.

“But Tan Sri Irwan will be in consultation with Arul with re-spect to the future development of Bandar Malaysia,” he said. — Bernama

KUALA LUMPUR: Frenzy buying interest in Iskandar Waterfront City Bhd (IWCity) in the afternoon trading session pushed up its share price by 29.9%, or 49 sen, yesterday.

Th e spike in interest was fuelled by expectations of a possible reversal of the termination of the 60% stake sale in the Bandar Malaysia project.

The stock, which was battered down last week, hit limit-up half an hour before market close at RM2.13 yesterday.

Yesterday’s improved sentiment on IWCity also spilled over to Ek-ovest Bhd, which is also controlled by businessman Tan Sri Lim Kang Hoo. Th e stock gained 9.8%, or 12 sen, to RM1.34 with 79.5 million shares trad-ed. Ekovest is the concessionaire for the Setiawangsa-Pantai Expressway (formerly known as DUKE Phase 3) that would be connected to Bandar Malaysia.

Shareholders of IWCity need to have the stomach for volatility. Last week, IWCity plunged to hit lim-it-down for two consecutive trading days, wiping out over RM1 billion in

market capitalisation after it resumed trading last Monday, following news that TRX City Sdn Bhd had terminat-ed the deal to sell a 60% equity stake in IWH-CREC Sdn Bhd.

IWCity succumbed to a heavy selldown because it has proposed a merger exercise with its sister com-pany Iskandar Waterfront Holdings Sdn Bhd (IWH). IWH’s equity interest in Bandar Malaysia was perceived to be the prized asset in the entire merger exercise, given the sizeable prime land near Sungai Besi — less than 8km from the Petronas Twin Towers and Kuala Lumpur Sentral. Both IWCity and IWH are controlled by Lim.

Just when the investing fraternity had accepted the reality that IWH CREC was out of the picture as far as the Bandar Malaysia project is con-cerned, Prime Minister Datuk Seri Najib Razak’s meeting with Chinese President Xi Jinping and Premier Li Keqiang on the sidelines of the One Road One Belt Forum in Beijing over the weekend seemed to have given a new twist to the event.

An English daily, quoting a gov-ernment source in Beijing, report-

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ed that Li had told Najib that China hopes the deal on Bandar Malaysia “stays unchanged”.

IWH holds a 60% stake in IWH CREC, while the balance 40% stake is held by state-owned China Rail-way Engineering Corp (M) Sdn Bhd (CREC). Th e joint venture signed a share sale agreement with TRX City on Dec 31, 2015, paying RM7.41 bil-lion for the equity stake in Bandar Malaysia.

TRX City had said the agreement

had lapsed because IWH-CREC “failed to meet the payment obli-gations”. However, IWH-CREC said the unilateral move by TRX City to call off the deal was “unacceptable” as the consortium had fulfi lled its obligations and was keen to carry on as the master developer of Ban-dar Malaysia.

TRX City, a wholly-owned unit of the ministry of fi nance, had indeed re-funded the deposit of RM741 million plus other payments to IWH-CREC last week. Th e refund signifi ed the offi cial termination of the stake sale.

Meanwhile, Najib also met Wan-da Group’s owner Wang Jianlin, who expressed his interest in participating in the development of Bandar Ma-laysia. Wang is China’s richest man.

Najib told reporters that he ex-pected Wanda to accept Malaysia’s invitation to develop Bandar Ma-laysia, expressing confi dence that the leading Chinese property and entertainment group could “deliver something extraordinary, something so imaginative that we can create Bandar Malaysia as something that all Malaysians and the region can be proud of”.

4 H O M E B U S I N E S S TUESDAY MAY 16, 2017 • THEEDGE FINANCIAL DAILY

UMW-OG expects to turn cash-fl ow positive this yearIt sees this after the completion of its rights issue by the third quarter

BY A D A M A Z I Z

KUALA LUMPUR: UMW Oil & Gas Corp Bhd (UMW-OG) is confi dent that it will be cash-fl ow positive af-ter its rights issue is completed by the third quarter of this year, with major shareholder Permodalan Nasional Bhd (PNB) committed to taking up its full entitlement.

“PNB has given us a letter to say that they support the rights issue, as well as to take up the remaining rights not taken up by other sharehold-ers via the redeemable convertible preference shares (RCPS),” UMW-OG president Rohaizad Darus told reporters after the group’s annual general meeting yesterday.

On May 4, UMW-OG proposed to raise up to RM1.81 billion via a rights issue of up to 6.05 billion new shares together with up to 1.51 bil-lion free warrants at an issue price of 30 sen per rights share.

Out of the total gross proceeds from the rights issue, UMW-OG is planning to utilise RM1.5 billion to repay borrowings, RM310 million for working capital and the rest for expenses of the corporate exercise.

UMW Holdings Bhd, which

JOHOR BARU: Country Garden Pa-cifi c View Sdn Bhd’s (CGPV) indus-trialised building system (IBS) fa-cility in Johor is set to become the world’s largest IBS factory with a total investment of RM2.6 billion, incorporating technologies from Germany, Italy and China.

International Trade and Indus-try Minister Datuk Seri Mustapa Mohamed said once completed, it would help the nation reduce de-pendency on foreign labour, become more productive and effi cient, as well as cut down the completion period of a project.

“Currently, three lines are in op-erations, while the rest are in test run stages and by June 2017, there will be a total of 12 lines in operations.

“One of the signifi cant spillovers is in terms of technology transfer. For example, if a project takes two to three years to complete, with IBS, it can be done at a much faster pace.

“We will also have a more pro-ductive, effi cient, sustainable and safer construction industry in Ma-laysia,” he told a press conference after chairing a round-table meeting with 12 industry players in Johor at Forest City here yesterday.

Mustapa said the development is in line with Malaysia’s aspirations to become a high-income nation by adopting smart technologies and

processes, including automation.“It is also a practice that the gov-

ernment is aggressively encourag-ing, aside from promoting incen-tives. It is not new to some parts of the world, but it is quite new to Malaysia, and we have given the manufacturing licence and try to see in which parts we can contrib-ute to them.

“One of the conditions that we have imposed on them before is that they must use 100% local material, but they have appealed to us because that is impossible for the reason that the machinery come from Germany, Italy and China.

“Malaysia does not produce these machines so I think it is a reasonable request,” he added.

Th ere have been 63 IBS projects nationwide since 1990, with invest-ments amounting to RM1.9 billion.

Mustapa also said Forest City, which is optimistic about its growth prospects, is going to invest another RM5 billion this year.

“Forest City has been very bullish about their prospects in Malaysia. So far, they have invested RM4.6 billion in this fi rst island, and I understand that this year they are investing an-other RM5 billion and by the end of the year Forest City would have a total of investment at RM9.6 bil-lion.” — Bernama

BY W O N G E E L I N

KUALA LUMPUR: Rohas Tec-nic Bhd, via its wholly-owned subsidiary Rohas-Euco Indus-tries Bhd (REI), has bagged a US$70 million (RM302.4 mil-lion) contract from Electricite du Lao to supply and construct transmission lines, substations and distribution lines in Laos.

In a fi ling with Bursa Malaysia yesterday, Rohas Tecnic said this

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

KUALA LUMPUR: Malaysian Bulk Carriers Bhd’s (Maybulk) net loss widened 38% year-on-year to RM33.21 million in the fi rst quarter ended March 31, 2017 (1QFY17) on losses from its as-sociate, PACC Off shore Services Holdings Ltd or POSH.

In comparison, it recorded a net loss of RM24.08 million in 1QFY16, its bourse fi ling yesterday showed. Its latest quarterly revenue, how-ever, grew 21% to RM64.96 million from RM53.5 million a year earlier.

Maybulk said POSH widened its net attributable loss to US$18.38

holds a 55.73% stake in UMW-OG, is exiting its oil and gas business and will refocus on its core busi-nesses of automotive, equipment, and manufacturing and engineer-ing. Th is will see PNB turn major shareholder with a 45.5% stake in UMW-OG post-demerger, while the Employees Provident Fund (EPF) will own 12%.

With PNB agreeing to absorb rights shares not undertaken by other shareholders, it may well fork out a minimum of RM826.3 million. It is unclear whether EPF will an-swer the cash call.

“Th e lower issue price of 30 sen is to make it more attractive to in-vestors. But at that kind of price, the group’s share capital will increase from two billion to eight billion,” AmInvestment Bank analyst Alex Goh told Th e Edge Financial Daily.

In a fi ling with Bursa Malaysia yes-terday, UMW-OG said it has bagged two contracts worth a combined US$34.81 million (RM150.38 million) to provide jack-up drilling rig services for Petronas Carigali Sdn Bhd.

One of the contracts involves pro-viding Naga 3 jack-up rig to drill fi ve fi rm wells for Petronas Carigali, while

another contract is to provide its Naga 4 jack-up rig to drill two fi rm wells, both commencing in June.

“Th e provision of the drilling rig services is expected to contribute positively to the earnings and net assets of UMW-OG group during the contract period principally for the fi -nancial period ending Dec 31, 2017 and the fi nancial period thereafter.”

Goh said the contracts are not ex-pected to lift UMW-OG’s share price. “Th e contracts won’t [signifi cantly improve our valuation] as charter rates are not at a rate that is going to be very profi table. I still expect the group to operate at a loss,” he added.

Hong Leong Investment Bank analyst Lim Sin Kiat concurred, noting other key concerns dragging the share price down.

“Securing more contracts is good,

but there is a share price overhang with the rights issue,” said Lim, add-ing that the counter may also face a one-off selldown after UMW Hold-ings completes the distribution of its stake in UMW-OG to its shareholders. “I don’t think they (the shareholders) will hold [the stock].”

Lim, however, opined that the rights issue is the best way for UMW-OG to source its fund right now, lest risking a jump in gearing.

“It is very tough, as you cannot take in more debt. Th e rig market is not cash generative at the moment. The only other way is by equity funding or rights issue.

“Or unless its major shareholder agrees to the issuance of preferred stock, which is what they are do-ing now,” Lim said. From the rights issue, any additional rights shares undertaken by PNB beyond its 65% shareholding limit will be convert-ed to Islamic RCPS.

Following the termination of a three-way merger with Icon Off -shore Bhd and Orkim Sdn Bhd on May 4, shares in UMW-OG have fallen 30% from 89 sen to close at 62 sen yesterday.

Meanwhile, Rohaizad said

UMW-OG will have secured full utilisation of its seven rigs un-der management come June, but subdued charter day rates remain a dead weight for the struggling downstream oil and gas player.

He said said the group is ex-pecting more contracts this year as oil companies are coming back to develop and invest.

“What happened before is that there were uncertainties with regard to how low the oil prices will go. Now, with the reduction in Opec and non-Opec production, the stabilisation sits at around US$50 per barrel or so,” said Rohaizad, adding that an-ything above that level “is a bonus”.

“We hope that with the 33 con-tracts that we are bidding [for] right now, we will be able to achieve at least 90% [utilisation of our rigs] in the upcoming year,” he said. Th e 33 ten-ders — 13 local and 20 international jobs — amount to RM3.2 billion.

In a separate fi ling with Bursa, UMW-OG deputy chairman Datuk Abdul Rahman Ahmad has been promoted to chairman, replacing Tan Sri Asmat Kamaludin, who is retiring after serving the group for four years since May 2013.

Country Garden builds world’s largest IBS factory

Maybulk slides deeper into the red as POSH losses dragmillion (RM79.4 million) in 1QFY17 from US$4.45 million in 1QFY16, bringing Maybulk’s share of losses to RM17.37 million.

“Excluding associate results, the group’s underlying loss de-creased by 47% to RM15.22 million in 1QFY17 mainly due to improved charter rates,” said Maybulk in its bourse fi ling yesterday.

Th e group said its dry bulk seg-ment’s underlying loss shrank 62% due to improved charter rates, though its tanker segment saw a 96% fall in profit due to the dis-posal of two tankers and a drop in charter rates.

Going forward, the group ex-

pects charter rates for the dry bulk market to gradually improve as the oversupply situation tapers amid lower fl eet growth and higher de-mand for raw materials from China.

Th ough it said the recent im-provement in freight rates is posi-tive, it warned there is still overca-pacity amid new deliveries coming on stream. Hence, it expects the freight market to remain chal-lenging.

“Th e board expects the rest of 2017 to remain diffi cult,” said the group.

Maybulk rose one sen or 1.25% to 81 sen yesterday, with a market capitalisation of RM810 million.

Rohas Tecnic bags US$70m EPCC contract in Laoswill be REI’s second engineering, procurement, construction and commissioning (EPCC) project in Laos having completed the fi rst one in 2014.

“The track record earned in the previous project with timely execution and good work quali-ty provided the confi dence in the Laotian authorities to grant REI another project,” it added.

Works will commence in the second half of this year for a

duration of 24 months to com-pletion.

“Th e project will not have any material impact on Rohas Tecnic’s gearing and [it] is expected to con-tribute positively to the group’s profitability in the year ending 2017,” it said.

REI is Malaysia’s largest pro-ducer of lattice and monopole towers. Th e company was acquired by Rohas Tecnic via a reverse take-over in March 2017.

EDITOR’S PICKS FROMtheedgemarkets.com

PNB has given us a letter to say that they

support the rights issue.


KUALA LUMPUR: Foreign investors maintained their faith in the local equity market last week, buying for the 14th consecutive week, accord-ing to MIDF Research.

“Excluding off -market transac-tions, the amount purchased last week was RM576.6 million, almost identical to that the week prior,” it said in its weekly fund fl ow report yesterday.

“Daily net buying of local equities by foreigners has undeniably become a new normal on Bursa Malaysia,” it added.

Th e research fi rm noted that Bursa benefi ted from the sizeable fl ow to

Southeast Asian emerging markets last week, especially to Jakarta.

Trading on Bursa was constricted to four days last week as Wednesday was a national public holiday in con-junction with Wesak Day.

“Foreign buying was the highest on (last) Th ursday as global markets were buoyed by higher crude oil prices. Th e strong foreign buying momentum coincided with the rise in the FBM KLCI by 8.83 points the same day,” said MIDF Research.

“Foreign participation remained high on Bursa, although it was slightly affected by market clo-sure on (last) Wednesday. Foreign average daily trade value declined by 2% to RM994.9 million, which

is still a healthy level,” it added.MIDF Research said retailers were

marginal net sellers last week, but the overall retail market remained vibrant. “Retail participation stayed above RM1 billion at RM1.18 billion, albeit 7.9% lower than the week be-fore. Th is is the ninth week this year that retail participation has exceeded the RM1 billion mark.”

Globally, MIDF Research said the equity markets consolidated in the aftermath of the French presidential election. It noted that Wall Street was mixed last week as Dow Jones and the S&P 500 were down, while Nasdaq climbed.

MIDF Research said the lacklustre performance of Dow Jones and S&P

500 occurred on the back of April’s retail sales.

“US markets got a shock on (last) Wednesday after US President [Don-ald] Trump fi red Federal Bureau of Investigation director James Comey. Investors were concerned if the dis-missal could pose more challeng-es towards the implementation of Trump’s reform plans,” it said.

Th e momentum of global money fl ow into Asian equities remained intact last week. Foreign investors bought across the board, with the aggregate amount in the seven Asian markets that MIDF Research tracks rising to US$2.04 billion net, higher than the US$1.32 billion the week before.

Daily net foreign buying a ‘new normal’ on BursaExcluding off -market deals, RM576.6m was purchased last week — MIDF Research

BY S U R I N M U R U G I A H


KUALA LUMPUR: Higher exports are expected to drive up gross domestic product (GDP) growth in the fi rst quarter of 2017 (1Q17), according to some economists, who are fore-casting between a 4.8% and 4.9% year-on-year rise.

In comparison, the previous quarter or 4Q16 recorded a GDP growth of 4.5%. A year ago, in 1Q16, GDP growth was 4.2%.

RAM Rating Services Bhd econ-omist Kristina Fong, who expects Malaysia’s GDP growth to come in at a robust 4.8%, said this would be

mainly premised on the sustained upward momentum in external de-mand which has provided the main boost to growth amid resilient do-mestic demand.

“Th e improvement in exports is attributable to both a broad-based increase in demand across regions as well as signifi cant upside from the demand for investment-type goods, mainly due to the stronger growth of industrialised economies,” she said in a statement yesterday.

Fong noted that export-oriented industries are also exhibiting more favourable output growth trends, as opposed to the more volatile and

lower growth patterns displayed by their domestic-oriented coun-terparts.

“More specifi cally, consumer-re-lated output growth has been lagging the recovery momentum of the oth-er domestic-led sectors,” she said.

Though there is a marked im-provement in labour market con-ditions compared with the slack in the last two years, she said retail sales growth is still heavily reliant on non-durables or necessities-type consumption, “which has still not reverted to the growth rates of the pre-GST period”.

“Although infl ation remains ele-

vated, we expect it to taper off in the second half of 2017, as the low-base eff ects from the transport compo-nent the previous year become less pronounced. Hence, we do not ex-pect infl ation to be a key determi-nant in derailing the resilient growth momentum of private consumption this year,” said Fong.

She added that private investment growth will remain supported by the continuation of infrastructure pro-jects, although some upside may also stem from the return of some foreign investment, which has traditionally led the trade cycle.

“As such, this will be a welcome

spillover eff ect from the continued strengthening of our export growth. On the whole, our full-year GDP growth forecast remains at 4.5%,” said Fong.

Standard Chartered Bank Sin-gapore head of Asean economic research Edward Lee forecast 4.9% GDP growth in 1Q17 for Malaysia.

“Exports picked up in early 2017 on strong demand in the region, driv-en primarily by China’s inventory rebuild as well as higher commodity prices,” he said in a note yesterday.

Th e Department of Statistics Ma-laysia is expected to release the 1Q17 GDP data on Friday.

Exports to boost Malaysia 1Q17 GDP growth — economists

KUALA LUMPUR: Property devel-oper Tropicana Corp Bhd celebrated its fi rst foray into education with the offi cial opening of St Joseph’s Insti-tution International School Malaysia (SJIIM) yesterday.

Th e school, located in the Trop-icana Petaling Jaya township area, fi rst opened its doors on August 29, 2016. It now has about 500 students, from the nursery level to diploma.

“Tropicana Corp is fully com-mitted to providing a learning envi-ronment that will complement the ministry of education’s aspirations to develop students who will be glob-ally competitive,” said Tropicana’s group chief executive offi cer Datuk Yau Kok Seng (pic)at the launch.

“Our methodology will promote and develop critical and creative thinking capacities that enable our students to perform in both the sciences and the arts,” he added.

SJIIM is a Lasallian educational institution and brother school to St Joseph’s Institution International Singapore and the school’s board of governors comprises represent-atives from Tropicana, the Lasallian Asia Partnership for International Schools and the Lasallian East Asia District.

“Establishing SJII in Malaysia was an important step for us in the ex-pansion of our school beyond the shores of Singapore and as proud alumni of the Lasallian education system; we are confi dent about the public’s recognition of the values a Lasallian education gives to a child,” said SJIIM board of governors’ chair-man Michael Sng.

KUALA LUMPUR: Petronas Chem-icals Group Bhd’s (PetChem) fi rst quarter (1Q) net profi t rose 120% to RM1.3 billion from a year earlier as revenue grew on higher output, sales volume and product prices.

It told Bursa Malaysia yesterday its net profi t rose to RM1.3 billion from RM592 million, while revenue climbed 49% to RM4.7 billion from RM3.15 billion, as it achieved “ex-ceptional operational performance”, with higher plant utilisation of 99% compared with 92% a year ago, on improved plant reliability and high-er feedstock supply.

“Consequently, both produc-tion and sales volumes were high-er. Overall average product prices improved signifi cantly compared with the corresponding quarter by an average of 22%. As a result of higher sales volume, higher prices and stronger US dollar, group rev-

enue grew by RM1.5 billion or 49% to RM4.7 billion,” PetChem said.

Looking ahead, PetChem said its operations would be infl uenced by factors including crude oil pric-es and the company’s production facilities’ utilisation rates.

“Th e utilisation of our produc-tion facilities is dependent on plant maintenance activities and suffi -cient availability of feedstock as well as utilities supply. Th e group will continue with its operational excellence programme and supplier relationship management to sus-tain plant utilisation level at above industry benchmark, albeit slight-ly lower than 2016 due to higher statutory turnarounds planned,” PetChem said.

It anticipated the olefi ns and derivatives market to soften in the near term following slower demand post restocking activities amid stable supply and feedstock prices.

Tropicana marks fi rst foray into education with new schoolBY A N E T T E A P PA D U R AY

PetChem 1Q profi t jumps 120%

R E S U LT S I N BR I E F

BY C H O N G J I N H U NBY A D E L A M EG A N W I L LY

KUALA LUMPUR: Wing Tai Malay-sia Bhd returned to the black in the third fi nancial quarter ended March 31, 2017 (3QFY17), posting a net profi t of RM12.26 million against a net loss of RM941,000 a year earlier.

Quarterly revenue rose 35.4% to RM84.62 million from RM62.48 million in 3QFY16.

Th e group did not declare any dividend for the quarter under re-view.

For the cumulative nine-month period (9MFY17), the group post-ed a net profi t of RM26.04 million, up 21.7% from RM21.39 million a year ago. Revenue rose 12.6% from RM213.36 million in 9MFY17 to RM240.34 million in 9MFY16.

In a fi ling with Bursa Malaysia yesterday, Wing Tai said the prop-erty development division posted a lower operating profi t of RM13.9 million in 9MFY17 from RM19 mil-

lion in 9MFY16, as it recognised net claims against a contractor arising from the settlement of fi nal contract accounts for one of the group’s com-pleted projects in the corresponding period a year ago.

Revenue from the division im-proved by 82.7% to RM98.5 million from RM53.9 million, on increased revenue contribution from the BM Mahkota and Bukit Minyak Utama projects, coupled with the sale of Sering Ukay’s vacant land in Bandar Ulu Kelang.

On the other hand, the group noted that operating profi t from its retail division was 52.2% higher at RM14 million against RM9.2 mil-lion in 9MFY16, due to better profi t margin resulting from a more stable foreign currency exchange and bet-ter control of overhead costs.

However, revenue from the re-tail segment was down 11.1% to RM122.3 million from RM137.5 million.

Wing Tai returns to the black in 3QFY17

sc.com/my


MSM still asking for a raise in price of sugarIt is requesting for a 40 sen hike to ensure the group remains profi table

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

KUALA LUMPUR: MSM Malaysia Holdings Bhd, a 51%-owned subsidi-ary of Felda Global Ventures Holdings Bhd (FGV), is still in talks with the government to raise the retail price of sugar by 40 sen per kg to ensure the group remains profi table.

“We are still talking to the gov-ernment to increase sugar price, but we know the government [faces] diffi culty in doing so. We are work-ing closely with the government,” its director Datuk Zakaria Arshad

told reporters after MSM’s annual general meeting yesterday.

On March 1, the retail price of refi ned sugar was raised to RM2.95 per kg, up 11 sen from RM2.84 per kg previously. MSM had previously made a request to the government to increase sugar prices by 40 sen, according to Zakaria.

“[MSM] has to look to the market to get back the 29 sen that we are supposed to get,” he said.

He added that with just an 11-sen increase, it would be diffi cult for MSM to maintain profi tability.

For the fi nancial year ended Dec 31, 2016 (FY16), the country’s larg-

est sugar refi ner saw its net profi t shrink 56% to RM120.72 million from RM275.3 million in FY15,

although revenue grew 15% to RM2.66 billion from RM2.31 billion.

“It is challenging. However, we are lucky because raw material prices are going down,” said Zakaria.

Prices of raw sugar hovered around 22 US cents (95 sen) as

of November 2016. It is currently trading at 15.5 US cents.

Meanwhile, MSM expects to maintain a production output of 1.115 million tonnes this year com-pared with 1.117 tonnes last year.

MSM president Mohamad Amri Sahari said Malaysia’s sugar price is currently cheaper than Th ailand’s.

“Th ailand is currently selling at an equivalent of RM3.20, but with the goods and services tax, their sugar prices exceed RM4 already,” said Mohamad Amri.

He also said the construction of MSM’s third sugar refi nery plant in Tanjung Langsat, Johor is currently at 45% completion.

He said RM400 million of the to-tal US$259 million (RM1.12 billion) budgeted for the plant has been used so far. Th e group maintains that the targeted completion date will be by the fi rst quarter of 2018.

Mohamad Amri added that with the completion of the Johor plant, the group plans to increase its ex-ports to new markets such as In-donesia and Singapore, as well as expand to existing regions such as the Middle East and North Africa.

On FGV’s newly signed memoran-

dum of understanding (MoU) with China’s Sinograin Oil Corp, Zakar-ia, who is also FGV chief executive offi cer and group president, hopes that it will help increase the group’s crude palm oil (CPO) exports.

On Saturday, FGV signed the MoU with Sinograin to explore the feasibility of supplying and distributing palm oil products to penetrate China’s midstream and downstream markets.

Zakaria said FGV is looking to explore the opportunity to integrate the operations of its unit FGV Chi-na Oils Ltd in Dongguan, Guang-dong, with Sinograin’s domestic operations to bring value and cost savings to both parties.

FGV currently exports 300,000 tonnes of CPO to China, making it FGV’s third largest export market of palm oil products, after Pakistan and India.

“With Sinograin in the picture, we want to double our export to 600,000 tonnes to China,” said Zakaria, adding that China could surpass Pakistan and India to be FGV’s largest export mar-ket in the next three to four months.

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV), to-gether with Sinograin Oils Corp, is exploring the feasibility of sup-plying and distributing palm oil products to penetrate China’s mid-stream and downstream markets.

FGV has inked a memoran-dum of understanding (MoU) with Sinograin Oils, which is a unit of state-owned China Grain Reserves Corp, for this purpose.

Sinograin Oils currently pro-duces edible oils from soy beans, palm oil and other sources, which they sell under their own brand directly to the domestic market. China Grain, meanwhile, is a na-tional organisation specialising in the operation and management of China’s national grains and oil reserves, according to FGV’s state-ment yesterday.

FGV group president and chief executive Datuk Zakaria Arshad


KUALA LUMPUR: Th e signing of several memorandums of understanding between Ma-laysian and Chinese compa-nies in Beijing on Sunday, with proposed investments of about RM31.3 billion, indicates that investors are confi dent about Malaysia, according to the As-sociated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM).

“Th is shows investors’ con-fi dence [in Malaysia] is much higher than we thought,” said ACCCIM deputy secretary-gen-eral II Michael Chai Woon Chew.

And rather than labour-in-tensive businesses, Malaysia has been attracting high-tech-nology companies, which the government has been trying to do, he said.

On another note, he said ACCCIM is joining hands with several other Chinese youth associations to enhance aware-ness of Malaysia’s 2050 National Transformation (TN50) initia-tive and gather feedback from youths regarding Malaysia’s as-piration to be a top 20 country in the world by 2050.

“A lot of Malaysian graduates are facing problems getting a job. Th e whole economy and [traditional] business model[s] are changing,” said Chai.

Nevertheless, he said “Ma-laysia is in a very unique posi-tion and the chances of achiev-ing it are there”, when asked if Malaysia would be able to re-alise its TN50 initiative.

He was speaking at a me-dia briefing on “TN50 Town Hall in Selangor”, which will be held on May 27 at 2pm at Seng Peng Hall, Wisma Chinese Chamber. The event is joint-ly organised by the ACCCIM Young Entrepreneurs Commit-tee and the Federation of Malay-sia Chinese Guilds Association (FEMACGA)’s Youth Group.

Th e town hall aims to en-hance public awareness, in particular among youths, and to collect views, suggestions and recommendations on the future direction of the country, for consideration by the rele-vant government agencies in formulating policies.

Th e national council mem-ber cum chairman of the ACC-CIM Young Entrepreneurs Com-mittee, Datuk Ng Yih Pyng, said a lot of suggestions for TN50 now are related to current is-sues. Youths, he said, should suggest ideas in relation to is-sues that they believe will occur 30 years down the road instead.

Datuk Tan Bok Koon, the committee member cum youth chairman of FEMACGA, said some of the main concerns highlighted so far are regard-ing start-up businesses, loans and facilities.

Investors’ confi dence in Malaysia higher than expected, says ACCCIM

BY W O N G E E L I N

KUALA LUMPUR: Loss-mak-ing Wintoni Group Bhd has re-ceived a requisition from two shareholders of the company to convene an extraordinary gen-eral meeting (EGM) seeking to replace three board members.

According to the special no-tice, Cheah Kwong Lee (who holds a substantial 10.17% stake in Wintoni) and Chan Chong Loong expressed their inten-tion to remove three directors, namely its non-executive chair-man Datuk Seri Mohd Shariff Omar and executive directors — Ahmad Amryn Abdul Malik and Raja Kamarudin Raja Adnan.

Th ey are requesting to appoint three new ones in their place, namely Cheah himself, Chong Seng Foo and Wong Mei Th ien.

In a filing with Bursa Ma-laysia yesterday, Wintoni said in the event that the company fails to do so within 14 days of the date of the requisition, then both Cheah and Chan will pro-ceed to convene such a meeting.

Trading of Wintoni securities has been suspended since May 9 after it failed to submit its annu-al report for fi nancial year 2016 before the April 30 deadline. Th e counter last traded at four sen, valued at RM17.96 million.

Wintoni gets EGM notice to remove directorsBY A N E T T E A P PA D U R AY

Zakaria: With just an 11-sen increase, it would be diffi cult for MSM to maintain profi tability. Photo by Suhaimi Yusuf

KUALA LUMPUR: Th e Securities Commission Malaysia (SC) has revoked three undischarged bank-rupts’ Capital Markets Services Representative’s Licences (CMS-RLs) due to their fi nancial status.

In a statement yesterday, the

SC revokes undischarged bankrupts’ licencesBY A D E L A M EG A N W I L LY SC said they are Norhashmilai-

di Hashim, Ngan Piang Heng @ Ngam Siong Fook and Abd Malik Abu Bakar.

“Norhashmilaidi, Ngan and Ma-lik were formerly attached with Affi n Hwang Investment Bank Bhd, AmIn-vestment Bank Bhd and Malacca Securities Sdn Bhd respectively. Th e

CMSRLs of all three individuals were revoked when they were found to be undischarged bankrupts.

“Norhashmilaidi, Ngan and Malik have not fi led any appeal against SC’s decision within the prescribed time as provided under the CMSA (Capital Markets and Services Act 2007),” the SC said.

said China is FGV’s third biggest palm oil products market, to which it exported 308,040 tonnes last year.

“We want to expand our busi-ness in China and we believe FGV and Sinograin can complement each other. Where Sinograin has access to soft oils such as soybean and rapeseed, FGV has access to over three million tonnes of palm oil,” he said.

“With this MoU, we hope to extend FGV’s distribution and logistics network in China through

Sinograin’s various strategic stor-age, processing and distribution facilities. In addition, FGV can leverage on Sinograin’s extensive domestic knowledge on China’s edible oil market,” said Zakaria.

He said FGV also hopes to ex-plore the opportunity to integrate the operations of its China sub-sidiary, FGV China Oils Ltd, with Sinograin’s domestic operations to bring value and cost savings to both parties.

“Th is collaboration would also allow FGV to explore its down-stream expansion in the supply, processing, packaging and distri-bution of blended oils, shortenings and specialty fats together with Sinograin,” added Zakaria.

FGV shares closed one sen or 0.52% higher yesterday at RM1.92, giving it a market capitalisation of RM6.93 billion. Year to date, the stock has gained 23.23%.

We want to expand our business in China and we believe FGV and Sinograin can

complement each other.

ST O C KS W I T H M O M E N T U M 9TUESDAY MAY 16, 2017 • THEED G E FINANCIAL DAILY

www.theedgemarkets.com

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 SSHARES in PCCS Group Bhd (fundamental: 0.35/3, valuation: 0.9/3) triggered our mo-mentum algorithm yesterday.

Th e counter closed up 10.5 sen or 20.79% at 61 sen, with 1.02 million shares traded versus its 200-day average volume of 31,287 shares.

Th e group is principally involved in gar-ment manufacturing for original equipment manufacturer and in-house brands, services of embroidery and woven fabric, printing for self-adhesive stickers, heat transfer labels and name plates which are commonly used

in packaging and display.PCCS has proposed a cash call to raise up

to RM37.51 million that will be sweetened by free warrants.

Th e proposed rights issue involves up to 150.03 million rights shares, together with up to 90.02 million warrants at an issue price to be determined later.

Th e stock is currently trading at 0.42 times its book value and has a market capitalisa-tion of RM36.61 million, based on its latest traded price.

SHARES in Scanwolf Corp Bhd (fundamen-tal: 0.15/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the fi rst time this month.

Th e stock closed one sen or 3.12% higher at 33 sen. Total trading volume was 1.88 million shares, exceeding its 200-day average volume of 52,416 shares.

Th e company is engaged in designing and manufacturing of plastic extrusions, polyvi-nyl chloride (PVC) compounding, process-ing of PVC coils for home and offi ce fi ttings,

trading of industrial consumables as well as other building materials.

In the second fi nancial quarter ended Dec 31, 2016 (2QFY17), Scanwolf narrowed its net loss to RM364,000 from RM1.41 million a year earlier, mainly due to the better performance in the property division.

Revenue rose slightly by 2.1% to RM12.85 million in 2QFY17 from RM12.58 million in 2QFY16.

At the current share price, Scanwolf is trading at 0.72 times its book value.

SHARES in Spring Gallery Bhd (fundamen-tal: 0.6/3, valuation: 0.3/3), formerly known as PFCE Bhd, triggered our momentum al-gorithm yesterday, closing fi ve sen or 6.41% higher at 83 sen.

Th e stock saw some 3.73 million shares traded, exceeding its 200-day average volume of 737,834.5 shares.

Th e group is engaged in retail, trading, manufacturing, exporting and marketing of pottery and porcelain products and ceramics

wares and ornaments as well as property in-vestment and property development.

It reported an 86% drop in its net profi t for the second fi nancial quarter ended Dec 31, 2016 (2QFY17) to RM115,000 from RM819,000 in 2QFY16, mainly due to decreased profi t margin in ceramic segment.

Quarterly revenue fell 43.6% to RM5.88 million from RM10.43 million in 2QFY16.

At the current share price, Spring Gallery is trading at 1.41 times its book value.

M E L A K A : D R B - H i c o m B h d ’s 96.87%-owned unit Composites Technol-ogy Research Malaysia Sdn Bhd (CTRM) is expecting to breach the RM1 billion revenue mark by its fi nancial year end-ing March 31, 2019 (FY19).

At a media briefi ng yesterday, CTRM group chief operating offi cer Shamsud-din Mohamed Yusof said the growth will be mainly driven by the transfer of French aircraft manufacturer Airbus’ A350 independent fan cowl manufactur-ing line in Chula Vista, the US to CTRM’s plant in Melaka.

Fan cowl is one of the exterior com-ponents of an aircraft engine.

“Both Airbus and CTRM plants are having seven shipsets per month now, they are doing half of it and the other half is being done by us, so they are phasing out and we are phasing in. Th e revenue of this business is about RM27 million to CTRM now,” he said.

“So we will do everything here, all seven shipsets by October this year after Airbus moves their fan cowl manufac-turing line here. Th en, we will increase to nine shipsets a month, that is about

KUALA LUMPUR: Northport (Malaysia) Bhd, an indirect wholly-owned subsidiary of MMC Corp Bhd, has signed a mem-orandum of understanding (MoU) with Weifang Sime Darby Port Co Ltd, a Chi-na-based subsidiary of Sime Darby Bhd, to establish a sister port relationship.

Under the MoU, the two ports will co-operate in port management and facilitate halal trade shipment between Malaysia and China. Weifang Sime Darby Port op-erates Weifang Port in Shandong, China.

“Th e cooperation and collaboration for the establishment of a sister port re-lationship is aimed at boosting the roles of both ports in conjunction with the 21st Century Maritime Silk Road and the One Belt, One Road initiatives,” said Northport chairman Datuk Seri Che Khalib Moham-ad Noh in a joint statement yesterday.

DRB-Hicom’s CTRM aims to breach RM1b revenue by FY19BY C H E S T E R TAY

BY S U L H I A Z M A N

RM107 million [in] revenue. We hope to go up to 13 shipsets a month, in two to three years’ time, [that’s] about RM174 million sales,” he added.

For FY17, CTRM’s revenue grew 5.77% to nearly RM855.22 million from RM808.58 million. Moving forward, Shamsuddin said he is expecting a 4.5% revenue growth per annum over the next two fi nancial years to beyond the RM1 billion mark due to the transfer programme.

Because of the additional works and rising market demand, it is also investing RM93.4 million to expand its manufactur-ing facility, by adding one more building to its fi ve-building facility here now, to be completed next February.

“We are in a growing industry, not only is there a substantial growth market for us to capture, there is also a huge replacement market as well, so we have to build our capacity and capability now,” he added.

CTRM currently has an order book of RM11.9 billion, which will keep it busy until 2035. So far, Shamsuddin said about 70% of CTRM’s sales are related to Airbus, of which 9% are done through direct orders, while the remainder come from Airbus’ tier-one suppliers like Spirit Aerosystems Malaysia Sdn Bhd and UTC Aerospace Systems.

Northport sets up sister port relationship with China’s Weifang Port

Th e exchange ceremony was witnessed by Prime Minister Datuk Seri Najib Razak in Beiing on Sunday.

Weifang Sime Darby Port and Northport said both ports will share experiences, ca-pabilities and resources in the fi elds of port management and related activities. Th ey will also carry out joint commercial and promotional activities and establish the necessary facilities to attract companies in the shipping and related industries in Malaysia and China.

Sime Darby president and group chief executive offi cer (CEO) Tan Sri Mohd Bakke Salleh said the partnership has great po-tential to capture a slice of the fast growing halal market. “Halal is big business and this partnership aims to capture a market that is growing by 10% a year. Weifang Port is strategically located in the prime region of the Bohai Sea economic belt, off ering a major access into China’s hinterland.”

PCCS GROUP 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

0.900.35

--

0.35-

30.3160.010.57

0.31-0.65*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

SCANWOLF 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

0.900.15

--

0.70-

27.7686.750.85

0.26-0.33*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

SPRING GALLERY 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

0.300.60

--

1.36-

114.05146.21

0.560.58-0.78

*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

PCCS GROUP BHD (-ve)

SCANWOLF CORP BHD (+ve)

SPRING GALLERY BHD (-ve) (From left) Northport CEO Datuk Azman Shah Mohd Yusof, MMC Port Holdings Sdn Bhd group CEO Ian James, Che Khalib, Najib, Mohd Bakke, Weifang Sime Darby Port chairman Timothy Lee Chi Tim, chief fi nancial offi cer Alan Tong Yong Han and head of marketing and logistics Lai Ah Chek at the exchange ceremony of agreement and MoU in Beijing on Sunday.

1 0 P R O P E RT Y TUESDAY MAY 16, 2017 • THEEDGE FINANCIAL DAILY

Singapore home sales more than double in April1,555 units sold, compared with 750 units in the same period last year

BY P O OJ A T H A K U R M A H R OT R I

BY S U L H I A Z M A N

SINGAPORE: Th e island’s home sales more than doubled in April from a year earlier as homebuyer sentiment rallied after the government rolled back some property curbs following a three-year slide in prices.

Developers sold 1,555 units in April, compared with 750 units in the same period last year, accord-ing to data released yesterday by the Urban Redevelopment Authority (URA). A total of 1,616 units were off ered, higher than the 1,527 units

in March, when Singapore notched the highest monthly home sales in four years.

Developers marketed more apart-ments last month, buoyed by indica-tions of demand from homebuyers. Th e largest sales came from Seaside Residences east of the city, which sold 419 units of the 560 put up for sale, and Artra by the Tang Group, which sold all 126 units it placed on the market.

According to Th e Business Times, the above fi gures exclude execu-tive condominiums (ECs). Includ-

ing ECs, which are a public-private housing hybrid, developers found buyers for 1,926 units in April, mean-ing that 371 EC units were sold in the month.

In the EC category, MCL Land’s Sol Acres at Choa Chu Kang sold 122 units at a median price of S$787 (RM2,433.67) sq ft in April.

Th e above fi gures were released by the URA yesterday, based on in-formation collated from licensed housing developers.

A report from Bloomberg said the government moved in March to re-

lax a raft of measures to cool home prices — steps it began implement-ing in 2009, with some of the strictest restrictions being imposed in 2013. Home prices fell 3% last year and have dropped for 14 straight quar-ters, the longest slide since the data were fi rst published in 1975.

An index tracking private resi-dential prices fell 0.4% in the three months ended March from the pre-vious quarter, according to data from the authority on April 28. Home val-ues have dropped 11.6% from their 2013 peak. — Bloomberg

KUALA LUMPUR: Premier develop-er Eco World Group Bhd has hand-ed over its fi rst landed homes in its Eco Majestic development. Called the Cradleton precinct, it compris-es 612 units of colonial-style dou-ble-storey houses.

“We are extremely excited and delighted to welcome the fi rst res-idents to Eco Majestic, our fl agship township in the Klang Valley,” Eco World president and chief executive offi cer Datuk Chang Khim Wah said in a statement.

“We are thrilled to showcase the environment and landscape of Eco Majestic as it is a testament of our promise to deliver unmatched prod-uct and service quality in all our developments,” he added.

EcoWorld said the Cradleton precinct, covering some 50 acres (20.23 ha) of land, is its fi rst complet-

ed stratifi ed landed development in the Klang Valley.

“We take pride in ensuring all our projects are masterfully planned and meticulously designed to ensure that our purchasers will

always fi nd happiness and joy in an EcoWorld development and all our eff orts are paid off when we see the happy smiles of our purchasers who have fi nally received keys to their dream home.

“Our team of trained and dedi-cated staff are ever ready to ensure a smooth transition for the residents when they move in,” added Chang.

Eco Majestic is also showcasing its newly completed show-unit for the Harmoni Apartments and the show houses for its latest collection, the Stoneridge precinct, comprising cluster homes, semi-detached units and bungalows, which was recently opened for preview.

In the vicinity of Eco Majestic is the highly-anticipated Eco For-est development, a freehold 492.7-acre mixed-township located next to Broga Hills.

Strategically situated with con-nectivity to various highways and expressways and neighbouring uni-versities and educational institu-tions, EcoWorld’s Eco Forest is set to cement the group’s leadership position in the growing southeast-ern Semenyih corridor.

EcoWorld hands over colonial-inspired homes

JPMorgan said buying US$137m Dublin offi ce LONDON: JPMorgan Chase & Co has agreed to pay about US$137 million (RM591.84 mil-lion) for an offi ce building under construction in Dublin, accord-ing to a source with knowledge of the plan. Th e bank’s Irish unit is buying the 200 Capital Dock building from real estate fi rm Kennedy Wilson, Toronto-based Fairfax Financial Holdings Ltd and Ireland’s National Asset Management Agency, Wilson said in a statement yesterday. Th e price has not been made public, the source said. The building, which measures about 12,000 sq m will be able to ac-commodate more than 1,000 workers, and is due to be fi n-ished in the third quarter of 2018. — Bloomberg

Kushner project still seeking Chinese investorNEW YORK: A real-estate pro-ject linked to US presidential adviser Jared Kushner’s family has not attracted any early fi -nancial commitments after in-vestor presentations in Guang-zhou, Beijing and Shanghai, an organiser said. Du Guanchao, general manager assistant with QWOS Group, known as Qi-aowai in Chinese, said so far no Chinese had committed funds to the project in New Jersey after the presentations. — Bloomberg

China property investment rises in April BEIJIN: Real estate investment in China rose in April from March although sales growth was signifi cantly slower, sug-gesting investment in the sector remained robust even as in-tensifi ed government controls to rein in the market began to take eff ect. Growth in proper-ty investment accelerated to 9.6% in April from a year earli-er, compared to 9.4% in March, according to Reuters’ calcula-tions based on data from the National Bureau of Statistics. — Reuters

I N BR I E F

Cradleton homeowners receiving a ‘good luck’ fruit tray after they received the keys to their new homes.

1 2 B R O K E R S’ C A L L TUESDAY MAY 16, 2017 • THEEDGE FINANCIAL DAILY

JV MoU positivefor AirAsialong-term outlookAsiaAsia Bhd (May 15, RM3.56)Maintain buy with a fair value (FV) of RM3.63: AirAsia Bhd has signed a memorandum of understanding (MoU) with Everbright Group and Henan Government Working Group to establish a low-cost carrier (LCC) in China. Th e MoU outlines how the parties will incorporate a joint venture (JV) to be known as AirAsia (China) for the purpose of operating a low-cost aviation business based in Zhengzhou, the capital of Henan province in central China. Addition-ally, AirAsia (China) will invest in aviation infrastructure, including a dedicated low-cost terminal at Zhengzhou airport and an aviation academy to train pilots, crew and engineers, as well as maintenance, repair and overhaul facilities to service aircraft.

We understand that Zhengzhou was chosen as the base for AirA-sia’s entrance into China due to its strategic location and impor-tance as a logistics hub. As China’s gateway to Europe, Zhengzhou is

Star Media Group Bhd(May 15, RM2.47) Maintain neutral with a target price of RM2.46: Star Media Group Bhd is disposing of its 52.51% stake in Cityneon Holdings Ltd to Lu-crum 1 Investment Ltd for a cash consideration of S$115.6 million (RM356.8 million). As at March 31, 2017, Star’s stake in Cityneon was worth RM146.1 million. Th is translates into a gain on disposal of RM214.1 million. Th e proceeds from the disposal would be used for future investments and general working capital as well as expenses related to the disposal.

The proposed disposal would increase the group’s cash reserve of RM499.6 million as at Dec 31, 2016 by +72.1% to RM859.8 mil-lion. This translates into cash per

Genting Bhd(May 15, RM9.96)Maintain buy with a target price (TP) of RM12.06: Genting Singa-pore Plc reported a relatively good set of numbers for the fi rst quarter of fi nancial year 2017 (1QFY17), as the earnings before interest, taxes, de-preciation and amortisation (Ebitda) margin continued to improve despite the decline in revenue, which helped deliver a 41% quarter-on-quarter (q-o-q) growth in core profi t after tax (PAT). Headline PAT was up 14% q-o-q, due to gain from the dispos-al of its stake in Resorts World Jeju. Management has also indicated that it will be redeeming its perpetual subordinated securities capital on the next call date.

Despite overall revenue declining by 3.6% year-on-year in 1QFY17, Ebit-da grew by 44.7% during the same period, mainly driven by lower provi-sion for receivables and also a lower cost structure. Th e provision fell from its high of S$92 million in 3QFY15 to S$15 million (RM46.42 million) in 1QFY17. We believe that the current cost structure is likely sustainable, as management has indicated that it is maintaining the current credit policy.

Management has also indicated that the dividend per share (DPS) for FY17 is likely to be similar to the three sen DPS announced for FY16. After the redemption of its

perpetual, Genting Singapore still has a cash balance of around S$2 billion. Management believes there is a high possibility that the Japan gaming law and its execution bill will be passed by the end of the year, after which the bidding pro-cess can start as early as the middle of next year. Management has not given any indication of its poten-tial partners or locations, but it will want to hold a signifi cant stake in the consortium.

We keep our earnings fore-casts and sum-of-parts-based TP of RM12.06 on Genting unchanged, pending Genting’s results an-nouncement later this month. We might see some positive move-ments in Genting Singapore’s share price due to the good set of results, which may in turn benefi t Gent-ing’s share price. — Affi n Hwang Capital, May 15

Star Media Group Bhd

FYE DEC (RM MIL) 2015 2016 2017F 2018F

Revenue 1,019.0 932.1 968.4 1,013.6Reported Ebit 176.0 151.2 115.9 142.2Reported pre-tax profit 170.1 146.2 107.6 133.7Reported net profit after MI 133.0 109.9 83.7 104.0Normalised net profit after MI 132.9 67.2 83.7 104.0Normalised EPS (sen) 18.0 9.1 11.3 14.1Normalised EPS growth (%) -5.4 -49.5 24.6 24.2PER (x) 13.5 26.7 21.4 17.2Dividend (sen) 18 18 16 15Dividend yield (%) 7.2 7.2 6.4 6.0Sources: Company, MIDFR

Genting Bhd

FYE DEC (RM MIL) 2015 2016 2017E 2018E 2019E

Revenue 18,100.4 18,365.8 18,479.9 20,125.0 21,300.9Ebitda 5,290.5 5,884.2 6,101.8 6,548.5 7,069.0Pre-tax profit 3,446.0 5,522.8 4,882.9 5,297.7 5,815.2Net profit 1,388.0 2,146.5 2,000.2 2,245.4 2,415.2EPS (sen) 37.3 57.7 53.8 60.4 64.9PER (x) 26.5 17.1 18.4 16.4 15.2Core net profit 1,444.7 1,850.7 2,000.2 2,245.4 2,415.2Core EPS (sen) 38.6 49.4 53.3 59.9 64.4Core EPS growth (%) (3.4) 28.1 8.1 12.3 7.6Core PER (x) 25.6 20.0 18.5 16.5 15.4Net DPS (sen) 3.5 12.5 6.0 6.0 6.0Dividend yield (%) 0.4 1.3 0.6 0.6 0.6EV/Ebitda (x) 12.7 11.0 10.6 9.5 8.4Affin/Consensus (x) - - 0.93 0.91 0.93Sources: Company, Affin Hwang estimates, Bloomberg

Genting Singapore upbeat about Japan gaming

Star’s disposal of Cityneon may lead to higher FY17 dividendsshare of 48.8 sen per share. We view that the stronger cash hold-ings could support the group’s capability to continue to distrib-ute attractive dividends in the next few years. To recall, based on the historical track record, the group’s annual dividend payout is approximately RM133 million. As such, we do not discount the possibility that the group could distribute special dividends in financial year 2017 (FY17).

For FY17 and FY18, we are as-suming Cityneon to contribute RM27.2 million and RM36.9 mil-lion respectively to Star’s earn-ings. Should Star successfully dis-pose of its stake in Cityneon by the middle of 2017, the group’s FY17 and FY18 earnings estimates would be negatively impacted by

-16.3% and -35.5% respectively. Nonetheless, we are maintain-ing our earnings estimates at this juncture pending the completion of the disposal. In tandem, we

are also keeping our dividend assumptions for both FY17 and FY18 unchanged.

We are positive about the pro-posed disposal in the short term

as it would significantly boost the group’s cash holdings. This could potentially lead to higher FY17 dividends being paid. However, on a longer-term basis, we are gravely concerned about Star’s cash-generating capability. To re-call, we were expecting Cityneon to be the main earnings generator in the near future, which would mitigate the ailing print segment. Moreover, we remain sceptical about the group’s digital initiatives as we view that they would yield limited results. Due to the lack of rerating catalysts, we are retaining our “neutral” recommendation on the stock. For the near term, we would advise investors to remain vested in the stock in anticipation of bumper dividends in FY17. — MIDF Research, May 15

AirAsia Bhd

FYE DEC (RM MIL) 2015 2016 2017F 2018F 2019F

Revenue 6,299.1 6,923.9 6,939.8 7,516.8 8,024.1Core net profit 181.8 1,718.3 1,221.3 1,127.5 1,369.3FD core EPS (sen) 6.5 51.4 36.5 33.7 41.0FD core EPS growth (%) (42.3) 686.8 (28.9) (7.7) 21.5Consensus net profit - - - 1,239.7 1,294.7DPS (sen) - 16.0 9.0 9.0 10.0PER (x) 53.2 6.8 9.5 10.3 8.5EV/Ebitda (x) 9.5 6.9 8.7 9.3 9.2Dividend yield (%) - 579.7 326.1 326.1 362.3ROE (%) 12.0 36.8 17.1 14.2 14.1Net gearing (%) 228.8 114.9 114.8 118.2 120.4Sources: Company, AmInvestment Bank Bhd estimates

located at the centre of a vast rail, highway and air transport network that makes up the base of China’s development plans for its central and western regions.

We believe the MoU for the JV is positive for AirAsia’s long-term outlook, with it being the largest foreign LCC operating in China. It was the fi rst foreign LCC to enter China in 2005, and AirAsia and

AirAsia X Bhd currently fl y to 15 destinations in China. Moreover, with the venture into China, AirA-sia will complete its presence in all major territories in the Asia-Pacifi c region, having successfully built its presence in Malaysia, Thailand, Indonesia, the Philippines, India and Japan. We expect the JV to re-sult in an increase in the number of destinations and frequency of AirAsia’s operations in China, which should translate into larger revenue and earnings contributions from its operations in the country over the long term. However, we believe the impact is minimal in the short to medium term, as the potential JV is still in the preliminary stage.

We make no changes to our earnings forecasts for the fi nan-cial year ending Dec 31, 2017 (FY17) to FY19. We maintain “buy”, with an unchanged FV of RM3.63 per share, based on 10 times calendar year 2018 price-earnings ratio, on a par with its regional peers. — AmInvestment Bank, May 15

With the venture into China, AirAsia will complete its presence in all major territories in the Asia-Pacifi c region.

We might see some positive movements

in Genting Singapore’s share price due to the

good set of results, which may in turn benefi t Genting’s

share price.

B R O K E R S’ C A L L 1 3TUESDAY MAY 16, 2017 • THEED G E FINANCIAL DAILY

Mega rail projects on the cards for construction sector

How US$74b in bonds bankrupted Puerto Rico Page 18

*

Construction sectorMaintain overweight: We have identifi ed four mega rail projects that will be rolled out over the next two to three years. Th ese include the East Coast Rail Link (ECRL), Kuala Lumpur-Singapore High-Speed Rail (HSR), Gemas-Johor Baru electrifi ed double-tracking (EDT) project and mass rapid tran-sit 3 (MRT3) Circle Line. Collec-tively, these mega rail projects will have a total cost of RM171 billion.

Th e 600km ECRL (RM55 billion) will link Kelantan, Terengganu, Pa-hang and Selangor. Financing will come from the Export-Import Bank of China, while China Communica-tions Construction Co Ltd will lead the construction works. Th e Land Public Transport Commission has given its conditional approval for the ECRL which is now undergoing a three-month public inspection. Final approval is targeted for June and construction is to begin in July.

In December 2016, Malaysia and Singapore inked a bilateral

Ta Ann Holdings Bhd(May 15, RM3.54)Maintain neutral with a lower tar-get price (TP) of RM3.67: Th e Sar-awak Forest Department announced that it would be raising the cess pay-ment for hill timber concessions to RM50 from 80 sen per cubic metre eff ective July 1, 2017. Th e premium of 80 sen was last introduced in 1986 and has never been reviewed since. Th e steep increase would be chan-nelled towards the Sarawak state education fund, whereby an esti-mated RM300 million is expected to be collected compared with the RM15 million under the current rate.

Recall that in our last sector up-date, we highlighted that the group is currently in the process of amalgam-ating its timber licences. As such, log production volumes are likely to come off signifi cantly at an about 37% to 40% decline going forward. We maintain our log production assumption of 288,000 cubic me-tres for the fi nancial year ending Dec 31, 2017 (FY17) (year-to-date [YTD] March: -15% year-on-year [y-o-y]), and assuming that 70% of this is from hill forests, we estimate this to increase Ta Ann Holdings Bhd’s total cost of production by up to RM10.1 million. We revise our earnings downwards by 5.8% for FY17 and a larger decline of 11.8% for FY18 after accounting for the full-year impact of the higher tax levy.

Th e latest ruling follows a series

of state regulation tightening for the Sarawak timber industry. While we are positive on the long-term envi-ronmental impact on the state, we are concerned about the sustaina-bility of the group’s earnings going forward. Th e bright spot for Ta Ann comes from its plantation segment whereby fresh fruit bunch growth YTD is at 22% y-o-y (FY17 forecast [FY17F]: 26% y-o-y). However, our thesis of a declining crude palm oil (CPO) price trend would result in a decline in contribution from the segment. Our CPO price assump-tions are maintained at RM2,600 per tonne for FY17 and a lower RM2,400 per tonne for FY18. We estimate the plantation segment to contribute over 70% of the group’s earnings going forward.

We have revised downwards our sum-of-parts-derived TP to RM3.67. We have also revised down our dis-counted cash fl ow equity risk pre-mium assumption to incorporate our latest house view. Its share price is down 10.6% YTD, while the tim-ber sector under our coverage is down 6.3% YTD on average. The stock is trading at 11 times FY17F price-earnings ratio (PER) versus the sector average of 17 times FY17F PER. We think the recent selldown is refl ective of the negative outlook for the group’s prospects. As we do not see any near-term catalyst for the stock, we maintain our “neutral” call. — RHB Research Institute, May 15

Construction sector

MKT CAP PRICE TARGET PER P/B ROE (%) YIELD (%)STOCK (RM MIL) (RM) (RM) RATING FYE CY16 CY17 CY16 CY17 (CY17) (CY17)

Gamuda 13,142 5.40 5.74 Buy July 18.1 15.8 1.8 1.6 9.9 2.2IJM 12,801 3.54 3.91 Buy Mar 20.8 18.1 1.3 1.3 6.5 1.9MRCB 3,765 1.73 na UR* Dec 58.0 44.6 1.5 1.5 2.4 0.5GKent 1,570 4.18 4.73 Buy Jan 16.8 14.8 3.9 3.4 23.3 3.0*UR = Under review

For companies with non-Dec FYE, financials have been calendarised.

Source: HLIB estimates

agreement to implement the 350km HSR. Th e joint development part-ner has been appointed and ten-ders for the asset company will be called by year end, while the infrastructure works are expected in the fi rst quarter of 2018. Media reports have placed the HSR’s cost at RM60 billion.

Th e Gemas-Johor Baru section (191km) is the fi nal EDT stretch from the north to south of the pen-insula. A consortium of three state-owned Chinese contractors was awarded the RM9 billion job in October 2016. Work has yet to start

Collectively, these mega rail projects

will have a total cost of RM171 billion.

hit a high of RM28 billion in 2012 and RM56 billion in 2016 when MRT1 and MRT2 were rolled out.

Our stock picks include: Gamu-da Bhd, with a strong track record in rail jobs such as the Kaohsiung MRT, northern EDT, MRT1 and MRT2, which targets to add RM10 billion to its order book over the next one to two years from these rail jobs; George Kent (M) Bhd, the only local player with expertise in rail-related systems, which has ex-perience in Ampang light rail tran-sit (LRT) extension systems, being the LRT3 project delivery partner, and in MRT2 track works; IJM Corp Bhd, a benefi ciary of the ECRL via a 60% stake in Kuantan Port and a 20% stake in Malaysia-China Kuan-tan Industrial Park; and Malaysian Resources Corp Bhd, which is in negotiations to develop a trans-port terminal for the HSR in Ban-dar Malaysia and can leverage on its track record in transit-oriented developments. — Hong Leong In-vestment Bank Research, May 15

due to issues with state authorities. Also dubbed the Circle Line,

MRT3 will largely be underground, providing interchange stations with other radial rail lines. Currently at a feasibility study stage, the 45km

to 48km MRT3 is said to cost RM50 billion.

Risks include a pull-out of Chi-nese investments and/or funding would impact some of these mega rail projects.

While the bulk of these mega rail projects will be led by foreign contractors, we estimate that 39% could be undertaken by locals, po-tentially generating RM67 billion worth of job fl ows. Th e signifi cance of these mega rail projects to the construction sector should not be underestimated. To illustrate, do-mestic job wins for listed contracts

Ta Ann’s earnings seen to be aff ected by higher tax levy

1 4 H O M E TUESDAY MAY 16, 2017 • THEEDGE FINANCIAL DAILY

Singapore to reply to Malaysia’s Pulau Batu Puteh bid by June 14

Malaysia committed to Belt and Road initiativeChina president says summit reaches consensus, achieves positive outcomes

Jamilah: Adenan Satem’s legacy in Tanjong Datuto be continuedKUCHING: Th e outstanding leg-acy of the late Tan Sri Adenan Satem in the Tanjong Datu state constituency will be continued and improved with new plans, said his widow Datuk Amar Jamilah Anu at the Sarawak state legislative assembly sitting yes-terday. She said all plans made by the fi fth Sarawak chief min-ister in Tanjong Datu during his lifetime would be continued and she would work to implement new plans for development in the area. Jamilah, who won the Tanjong Datu state seat at the by-election in February this year following Adenan’s death on Jan 11 from heart complications, said this in her maiden speech at the state legislative assembly sitting yesterday. — Bernama

Kelantan folks to get subsidised cooking oil during Ramadan monthPASIR PUTEH: The Kelantan office of the domestic trade, cooperatives and consumerism ministry has made available 140 tonnes of subsidised cooking oil direct from the mill for sale to consumers in the state during the fasting month of Ramadan. Its director, Datuk Ab Ghani Harun, said the move would enable consumers to buy subsi-dised cooking oil at RM2.50 per kilogramme. Ab Ghani said the programme would be held for fi ve days from yesterday, with an average sale of fi ve to 10 tonnes of cooking oil in every district. — Bernama

Traffi c police has to enhance ties with community PADANG BESAR: Members of the Traffi c Police Department of the Royal Malaysia Police have been urged to enhance ties with the community to ensure more eff ective dissemination of in-formation. Director of Traffi c Police Enforcement and Investi-gation Department (JSPT), Bukit Aman, Deputy Commissioner of Police Datuk Mahamad Akhir Darus said this was necessary as ties between traffic police and the public were “awkward”, he told Bernama after leading “Konvoi Kembara Haruman-is JSPT Bukit Aman” to Perlis in Kampung Abi Selatan here yesterday. — Bernama

PDRM sports complex to be built in Kuala Lumpur KUALA LUMPUR: A Royal Ma-laysia Police (PDRM) sports complex, costing RM80 million, will be built at the Kuala Lumpur PDRM College in Cheras here. Federal Police Management Department director Datuk Seri Zulkifl i Abdullah said the pro-ject which received government approval early this year, would start early next year and was expected to be completed in 2020. “Th e establishment of this sports complex can enhance police sports programmes and indirectly contribute to national sports.” — Bernama

I N BR I E F

BEIJING: Prime Minister Datuk Seri Najib Razak yesterday participat-ed in the Belt and Road Forum for International Cooperation here.

A report by Bernama said state and government leaders from 28 nations took part in the round-table discussions of the Belt and Road initiative, a concept aimed at pro-viding mega infrastructure for in-ternational trade.

Th e meeting took place at the International Conference Center in Yanqi Lake and was chaired by China President Xi Jinping who came up with the initiative.

Najib also joined in the discus-sions held over lunch.

Cultural exchanges and peo-ple-to-people relations were also a focus of the discussions.

Malaysia is committed to the ini-tiative and had come up with several infrastructure projects such as the

East Coast Rail Line, port expansion and modern city construction.

Meanwhile, Reuters reported from Beijing that Xi declared the repub-lic’s fi rst-ever Belt and Road summit, held in Beijing over the last two days, had reached a broad consensus and achieved positive outcomes.

Xi’s signature foreign policy — the Belt and Road initiative — will not base cooperation on ideolog-ical grounds but will be open and inclusive, the Chinese president told reporters at a closing function.

Th e initiative would work to en-sure an open world economy, rebal-ance globalisation and work towards trade liberalisation, he said, adding that it would also boost support for green and low-carbon development.

Xi has used the summit on the ini-tiative, attended by world leaders and top offi cials, to bolster China’s global leadership ambitions as US President Donald Trump promotes “America First” and questions existing global free trade deals. — Bernama/Reuters

Najib (left) shaking hands with Xi during the welcome ceremony for the Belt and Road Forum at the International Conference Center in Yanqi Lake, north of Beijing yesterday. Photo by Bernama

ISKANDAR PUTERI: Th e Johor gov-ernment is not aff ected by the oppo-sition’s move in labelling the sign-ing of the Corruption-Free Pledge (IBR) as a mere political gimmick in view of the upcoming 14th gen-eral election.

Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said the IBR was probably a small step for the opposition, but it would complement the many moves taken by the state government in fi ghting corruption.

“Whether the IBR is a policy or just a political gimmick, that is up to the people and how they see it.

“If they are optimistic, it is surely a progressive policy and should be welcomed, but if they are pessimis-tic, they will see it just as a political gimmick,” he said during at the state assembly sitting here yesterday.

Th e menteri besar said the state government’s commitment to be-come a trustworthy government was neither seasonal nor rhetorical, let alone due to the corruption cases involving civil servants in the state.

“In the opposition’s eyes, the state government has done noth-ing right. For them, what is right and benefi cial are just those being done by the opposition-led governments in Penang or Selangor, or probably Kelantan.

“For me, this kind of mindset is not only sceptical, pessimistic and prejudice, but also toxic. — Bernama

PUTRAJAYA: Singapore is expect-ed to reply Malaysia’s bid to re-view the 2008 International Court of Justice (ICJ) decision on Pulau Batu Puteh, Middle Rocks and South Ledge by June 14.

Malaysia’s Attorney-General Tan Sri Mohamed Apandi Ali (pic) said once the application was received, a team of internation-al and local experts led by him, “will see what it is” and respond to the matter accordingly.

He said the review of the ICJ’s decision on Pulau Batu Puteh, Middle Rocks and South Ledge was going on well.

“I have five researchers who are working everyday in London, going through thousands of doc-uments in the archive. They are still doing their work right now,” he told re-porters when asked about the status of the review appli-cation, after open-ing the 17th Asean Senior Law Officials Meeting (Aslom) here yesterday.

On Feb 2, Malay-s i a a p -plied to revise t h e

international court’s ruling that granted Pulau Batu Puteh to Sin-gapore following the discovery of evidence among some 3,000 documents, which were declas-sified by the British government in 2013, that could help the case.

On May 23, 2008, the ICJ ruled that Singapore had sovereignty over Pulau Batu Puteh, which is about 7.7 nautical miles from Tanjung Penyusuh beach in Johor.

Mohamed Apandi had said that Malaysia had found evidence among some 3,000 documents, which were declassified by the British government in 2013, that could help the country’s case.

On another development, Mo-hamed Apandi said the Malaysian Anti-Corruption Commission was

expected to wrap up the in-vestigation into the money flowed from SRC Interna-tional into the prime min-ister’s bank account within a month or earlier.

Reiterating that he had never ordered the in-

vestigation to be stopped, Mohamed A p a n d i

said if there

was new evidence that warranted a fi le to be reopened, the case could be investigated again.

“’No further action’ is a normal terminology used by the prosecu-tion to show no further action at the material time. It means that if there is new evidence or any de-velopment, we can reopen what-ever investigation. Not necessary on 1Malaysia Development Bhd, but all cases,” he said.

In his opening speech, Mo-hamed Apandi said Asean mem-bers should pay tribute to Aslom for its role in the establishment of communication channels and programmes, which had been the essential elements in providing connectivity and networking op-portunities among members of the Asean civil service and legal community on the ground.

He said that Aslom’s relevance could be demonstrated through its engagement in non-traditional security issues threatening region-al stability such as foreign terror-ists and radicalisation, challenges posed by cross-border trade and movement of persons, and the impact of climate change on Ase-an economies and the people’s livelihoods.

Mohamed Apandi said Aslom could be commended for its many success stories, and most notably was its work on mutual assistance in combating transnational crime. — Bernama

Johor not aff ected by opposition labelling IBR as ‘political gimmick’

See related stories on Page 18 & 19

H O M E 1 5TUESDAY MAY 16, 2017 • THEED G E FINANCIAL DAILY

KUALA LUMPUR: MIC is tar-geting to win seven parliamen-tary seats, including Cameron Highlands, and 13 state seats in the 14th general election (GE14).

Its president Datuk Seri Dr S Subramaniam (pic) said these seats would be the party’s focus besides the other seats it would be contesting, totalling 28.

“Among the parliamenta-ry seats, we want to win sev-en seats out of nine eyed, and out of 19 state seats, we are focusing on 13 seats,” he told a press conference after open-ing the Southeast Asia Public Health Nutrition Conference here yesterday.

Dr Subramaniam was asked whether MIC had identifi ed the “safe” seats for the party in the coming general election.

Asked about the list of seats the party is confi dent of win-ning, Dr Subramaniam, how-ever, declined to reveal as it would be announced later.

He also reiterated the par-ty’s stand that the Cameron Highlands parliamentary seat “belonged” to MIC and that it would be contesting the seat in GE14.

Asked about demands made by other Barisan Nasional com-ponent parties to contest the seat, he said such demands are normal before a general election.

MyPPP president Tan Sri Dr M Kayveas had reportedly in-dicated his intention to contest this seat which is currently held by former MIC president Datuk Seri G Palanivel. — Bernama

‘Pakatan needs to show proof of one-million-jobs plan’

More policemen to be arrested over alleged pro-tection of criminal groupsIPOH: More policemen in-cluding offi cers are expected to be arrested to facilitate in-vestigations into the alleged protection of criminal activi-ties including drug traffi cking syndicates. Deputy Inspec-tor-General of Police Tan Sri Noor Rashid Ibrahim said the police would put an end to such activities perpetrated by errant policemen who were in cahoots with the underworld. He said this following the ar-rests of 16 policemen, includ-ing senior offi cers, from the federal police headquarters in Bukit Aman, Kuala Lumpur, over the past few days over their suspected links to drug traffi ckers in Kuala Lumpur. Noor Rashid was speaking to reporters after offi ciating at the closing ceremony of the 19th Police Cadet Corps 2017 here yesterday. — Bernama

IT engineer fi ned RM5,000 for cruelty to own Pomeranian dogPETALING JAYA: An informa-tion technology (IT) engineer was fi ned RM5,000 in default fi ve months’ jail by the Mag-istrate’s Court here yesterday for cruelty to his female Po-meranian dog. Loo Kah Ann, 28, pleaded guilty to commit-ting the act at Blok C23-13A, Empire Damansara, Daman-sara Perdana here at 8.30pm on Aug 17, 2016. Th e charge under Section 44(1)(a) of the Animals Act 1953, read together with the Animal Act (Amended) 2013, carries a maximum fi ne of RM50,000 or imprisonment of up to one year, or both, on conviction. — Bernama

Lebuhraya Thean Teik’s fl ash fl ood due to over-fl owing retention pondGEORGE TOWN: The flash fl ood which struck Lebuhraya Th ean Teik here on Saturday was due to the nearby retention pond which was badly main-tained. State local government, traffi c management and fl ood mitigation committee chair-man Chow Kon Yeow said the state government’s engineers had identifi ed the cause to be the retention pond in Taman Impian, which caused water to overfl ow to the road on Leb-uhraya Th ean Teik following a heavy downpour. — Bernama

Housewife jailed three months for false reportBAT U GAJAH: A house-wife was sentenced to three months’ imprisonment by the Magistrate’s Court here yes-terday for making a false re-port. Nurfauzilah Ariffin, 39, who was also a part-time on-line trader, pleaded guilty to committing the offence at the quarters of the Perak Tengah police headquarters at 7.30pm on May 3. Magistrate Mohd Fitri Sadaruddin ordered her sentence to run from her ar-rest on May 9. — Bernama

I N BR I E FMalaysian Youth Council needs to diversify — ZahidIts leadership should refl ect racial, ethnic composition of M’sia

MIC targets winning seven parliamentary, 13 state seats

PUTRAJAYA: Th e people have learnt not to be taken in by general prom-ises, said Umno Youth chief Khairy Jamaluddin, regarding the pledge made by Pakatan Harapan Youth to create one million job oppor-tunities.

Khairy, who is also the youth and sports minister, said Pakatan Harapan must show proof of the plan to realise the objective if it is true that it would fulfi l the pledge.

“Whatever promise must be fur-nished with a plan, such as the Eco-nomic Transformation Programme, the Kuala Lumpur-Singapore High-

Speed Rail and so on ... all these generate employment.

“If they say they want to generate one million job opportunities, they should show in what fi eld, through which investment and from which allocation,” he said after the pres-entation of the National Youth Pre-mier Awards 2017 here yesterday.

Khairy said this to reporters when asked about the statement by a Pakatan Harapan Youth lead-er last Friday that one million jobs would be created within fi ve years if the coalition succeeds in taking over the government in the 14th

general election (GE14).Asked about the cooperation be-

tween PAS and Umno, Khairy said it should be studied in detail, so that it would not jeopardise relations be-tween Umno and the other compo-nent parties of Barisan Nasional (BN).

He said if the basis of the coop-eration concerns the Malays and Islamic religion, both parties could discuss the matter and analyse the proposal.

“To me, what is of utmost im-portance is our relations with the BN component [parties]. We do not want to have any cooperation with

PAS, although it may be considered positive, [if ] it could aff ect our ties with the other BN component par-ties,” he explained.

Commenting on the possibili-ty of having three-cornered fi ghts for all the seats in GE14 following the decision by PAS to sever ties with PKR, Khairy said Umno Youth would still make preparations to face straight fi ghts.

Conceding that three-cornered fi ghts would give an advantage to BN he, however, did not want the party machinery to be too compla-cent. — Bernama

PUTRAJAYA: Deputy Prime Min-ister Datuk Seri Dr Ahmad Zahid Hamidi yesterday proposed that the Malaysian Youth Council (MYC) diversify its leadership to refl ect the racial and ethnic composition of the country.

As such, he said, the youth and sports ministry and MYC would review the constitutions of the par-ent youth organisations, so that the leadership of all youth organ-isations and associations in the country refl ects the racial and eth-nic composition.

“Th e diversity of race and eth-nicity in youth organisations and associations is important, so that all are given the opportunity to es-

tablish a strong leadership.“Th is will enable the MYC to be

empowered to be the parent um-brella organisation for all youths in the country,” he said at the pres-entation of the National Youth Pre-mier Awards 2017 here.

Also present were Youth and Sports Minister Khairy Jamaluddin, Deputy Youth and Sports Minis-ter Datuk M Saravanan and MYC president Mua’mar Ghadafi Jamal Jamaluddin.

Ahmad Zahid, who is also the home minister, also announced the government’s approval of a RM10 million administrative fund for the MYC and youth organisations under its jurisdiction to carry out

programmes for youths.He suggested that youths con-

vey their views with propriety and wisdom, particularly when dealing with diff erences of opinion.

“If diff erences of opinion culmi-nate in polemics, they will bring no good. We have to engage in intel-lectual discourse and not become emotional.

“Youths must learn that despite having the spirit of the tiger and lion, it is possible to discuss mat-ters with benevolence. It is need-less to raise the voice when there are diff erences of opinion.

“Change the rules and meth-odology of addressing diff erences of opinion,” he said. — Bernama

Ahmad Zahid (third from right) presenting an award for the organisation category at the National Youth Premier Awards 2017 to Kelab Beliawanis Sri Sepang in conjunction with the National Youth Day in Putrajaya yesterday. Also present were Khairy (fourth from right) and Mua’mar Ghadafi (extreme right). Photo by Bernama

1 6 F O C U S TUESDAY MAY 16, 2017 • THEEDGE FINANCIAL DAILY

Offi ce market deals pick upWith the highest sales in nine years in 1Q, the market is expected to remain healthy for the rest of the year

PHOTOS BY SAMUEL ISAAC CHUA/THE EDGE SINGAPORE

PHOTOS BY CBRE

The office market is now abuzz, as sentiment has swung from pessimism to optimism in just one year. Fears of an over-supply in the office mar-

ket 18 months ago have evaporated, with investors now forecasting a period of relatively modest supply in 2018 to 2020. Jeremy Lake, CBRE executive director of capital markets, observes: “Singapore goes through periods of too much office space, and then periods of relative shortage.”

In the fi rst four months of 2017, S$3.39 billion (RM10.47 billion) worth of office deals were trans-acted. They include deals val-ued above S$100 million, ranging from the sale of substantial strataspace to stakes in a building or an entire building. Th e latest offi ce deal done early this month was the sale of a 50% stake in Grade-A offi ce build-ing One George Street for S$590 mil-lion (S$2,650 psf). Th e buyer was FWD Group, the insurance arm of investment vehicle Pacifi c Century Group, controlled by Richard Li, the younger son of Hong Kong’s richest tycoon Li Ka-shing.

CBRE brokered four of the six office deals done so far this year, amounting to S$1.91 billion, or 56% of the total S$3.39 billion transact-ed. Th is includes the sale of the 50% stake in One George Street and DBS Bank’s entire interest in the hold-ing company of PWC Building to an indirect subsidiary of Manulife Financial Corp for S$746.8 million, considered one of the biggest offi ce deals in 1Q2017.

BY C EC I L I A C H O W

In the fi rst four months of 2017, S$3.39 billion worth of offi ce deals took place.

Lake: With prices and rents having softened, Hong Kong groups feel it’s timely to relook at Singapore, as it presents good value.

Tuan Sing Holdings recently purchased Sime Darby Centre, which has redevelopment potential.

Th e two other offi ce deals bro-kered by CBRE this year were the sale of Sime Darby Centre to Tuan Sing Holdings for S$365 million; and the sale of 79,500 sq ft of strata space in Prudential Tower to private-equity fi rm, One Tree Partners, for S$206.6 million (see table).

The remaining two office deals that CBRE was not involved in were direct deals between the vendors and buyers. One was the sale of the entire interest in Plaza Ventures Pte Ltd — the registered owner and developer of GSH Plaza — to Fullshare Holdings for S$725.2 million. Th e other direct deal was the sale of the 61% stake in Triple One Somerset to Hong Kong-listed Shun Tak Holdings for S$758.2 million.

Investor confi dence upToday, investor confi dence in Sin-gapore’s offi ce market is on the rise, says Greg Hyland, JLL Singapore’s

head of capital markets. “Th ey are acutely aware that the window of op-portunity to acquire available assets at an attractive point in the cycle is fast closing. Th e offi ce leasing market is already showing signs of stability at the prime CBD end.”

Th ings could not have been more diff erent 18 months ago. At the start of 2016, there were fears of an im-pending oversupply arising from the completion of Guoco Tower at Tanjong Pagar Centre, Marina One offi ce towers at the New Downtown and UIC Building at V on Shenton. Investors were unsure what the im-pact would be on rents.

Towards mid-2016, however, sen-timent started to shift. Th e catalyst was the sale of Asia Square Tower 1 to Qatar Investment Authority for S$3.38 billion in June, coupled with two deals in May: Straits Trading Building, which was sold to Indone-

sian tycoon Tahir’s MYP for S$560 million; and the sale of a 60% stake in CapitaGreen to CapitaLand Com-mercial Trust for S$960 million.

Leasing at the new offi ce tow-ers also picked up towards 2H2016. Today, Guoco Tower is 91% leased. UIC Building is about 50% taken up and DUO is about 45% leased. Meanwhile, more than one million sq ft has already been pre-leased at the Marina One offi ce towers, which have about 1.8 million sq ft of pre-mium offi ce space.

Investors were emboldened by the leasing progress at these new offi ce schemes as well as the pace of offi ce transactions in 2H2016, says CBRE’s

Lake. In fact, 2016 ended on a high note with two offi ce deals in Novem-ber: the sale of a 50% stake in Capital Square to ARA Asset Management for S$475.5 million and the sale of 77 Robinson Road for S$530.8 million to CLSA Capital Partners. Both deals were said to be brokered by CBRE.

“By January 2017, fi ve out of 10 investors would consider buying an offi ce space, and today, it’s more like-ly to be six in 10,” notes Lake. “Just a year ago in January 2016, only one in 10 would consider buying.”

In 1Q2017, the offi ce sector was already the top performer in terms of investment deals, with S$2.12 bil-lion — or 47.5% — of a total of S$4.99 billion in sales across all sectors of the real estate market, says JLL in a release on May 8. Th e 1Q2017 fi g-ure was also the highest 1Q perfor-mance in nine years for the offi ce sector since the peak in 1Q2008, when S$3.41 billion worth of offi ce deals took place.

F O C U S 1 7TUESDAY MAY 16, 2017 • THEED G E FINANCIAL DAILY

A total of 79,500 sq ft in strata space at Prudential Tower was sold for S$206.6 million in January, to be followed by another big strata sale of S$150 million.

PWC Building was acquired by Manulife for S$746.8 million.

Office sales in 2016 and 2017 to date

*Redevelopment potential Source: CBRE Research

PROPERTY DATE PRICE NET LETTABLE PRICE PSF TENURE ESTIMATED BUYER VENDOR

(S$ MIL) AREA (SQ FT) (S$ PSF) (YEARS) YIELD (%)

2017

Prudential Tower (strata sale) January 206.6 79,461 2,600 78 4.0 One Tree Partners Epic LandTriple One Somerset (61%) January 758.2 565,000 2,200 57 3.0 Shun Tak Holdings Perennial-led consortiumPWC Building February 746.8 355,650 2,100 78 3.3 Manulife DBS BankGSH Plaza (strata sale) March 725.2 250,069 2,900 72 – Fullshare Holdings GSH Corp-led consortiumSime Darby Centre* April 365.0 202,712 1,800 999 2.5 Tuan Sing Holdings Blackstone GroupOne George Street (50%) May 590.0 446,473 2,650 86 3.2 FWD Group CapitaLand Commercial Trust

2016

78 Shenton Way (50%) January 301.4 362,199 1,665 66 4.0 Alpha Investment Partners CommerzRealCapitaGreen (60%) May 960.0 703,000 2,276 57 3.1 CapitaLand Commercial Trust CapitaLand JVStraits Trading Building May 560.0 158,902 3,524 999 2.3 MYP Ltd Sun Venture GroupAsia Square Tower 1 June 3,380.0 1,250,000 2,700 90 3.2 Qatar Investment Authority BlackRock Real EstateMapletree Business City (Phase 1) July 571.9 420,544 1,360 80 4.0 Mapletree Commercial Trust Mapletree Investments139 Cecil Street* (60%) September 75.0 55,047 2,270 64 – Zhou family of Hengda Group Vibrant Group and DB2 Group77 Robinson Road November 530.8 293,269 1,810 77 3.5 CLSA Capital Partners Savills Investment ManagementCapital Square (50%) November 475.5 388,215 2,450 79 3.5 ARA Asset Management Alpha Investment Partners

Office supply (2017 to 2021)DEVELOPMENT LOCATION ESTIMATED SIZE COMPLETION (SQ FT) DATE

Vision Exhange Jurong East 475,000 January 2017Oxley Tower Robinson Road 130,000 January 2017UIC Building Shenton Way 276,000 April 2017Marina One New Downtown 1,800,000 April 2017Frasers Tower Cecil Street 690,000 April 2018Robinson Tower Robinson Road 195,000 April 2018Paya Lebar Quarter Paya Lebar 883,500 December 2018Park Mall Orchard Road 352,000 1Q2019Franklin, Science Park 1 Buona Vista 260,000 1Q2019Aquarius, Science Park 2 Pasir Panjang Road 376,750 2Q2019CPF Building redevelopment Robinson Road 500,000 1Q2020Central Boulevard New Downtown 1,000,000 2Q2020Golden Shoe Car Park Raffles Place 1,000,000 1Q2021Afro-Asia Building Robinson Road 180,000 2Q2021Woods Square Woodlands Central 630,000 2Q2021

Sources: Corporate Locations, Market

Offi ce rents bottoming outTh erefore, some investors believe that rents today may have bottomed. According to Corporate Locations’ Singapore Market Review in March 2017, average top rental rates are now in the range of S$8.50 to S$9.50 psf per month. Th e rate of decline in the prime segment of the offi ce market has slowed signifi cantly and, in some cases, such as that of Guoco Tow-er, rates are even higher than they were six months ago. “Generally, we expect top prime rates to soften only marginally, by around 5% dur-ing the course of 2017, but they are beginning to bottom out,” says the offi ce specialist.

It will be the mid-tier offi ce mar-ket that will experience the greatest pressure over the next 12 months, with further falls in rents of around 10%, notes Corporate Locations. “Th ere will be some huge voids ap-pearing in some of the older estab-lished buildings, as a result of major relocation this year, and these build-ings will be under the most pressure.”

Property consultants are project-ing that offi ce rents will recover next year. According to Corporate Loca-tions, 2018 will be an important year for offi ce relocations. “Th ere will be a lull in new supply for a couple of years after that, with the next wave of supply not coming onstream until 2020/21.” (See table on offi ce supply for 2017 to 2021.)

Wave of Hong Kong moneyAnother interesting trend is the wave of capital from Hong Kong into the offi ce market. For instance, Macau casino king Stanley Ho’s Shun Tak Holdings raised its stake in Triple One Somerset; Pacific Century Group’s FWD acquired a stake in One George Street; and Hong Kong-listed Fullshare Holdings, which acquired the entity behind GSH Plaza, is the investment holding company con-trolled by mainland Chinese billion-aire Ji Changqun.

“In all the time I’ve been working here, I’ve never seen as much inter-est from Hong Kong groups,” says Lake, who has been with CBRE since 1991. Lake reckons the wave of Hong Kong money into Singapore’s offi ce market is due to the perception that it is coming out of a dip. “With pric-es and rents having softened, these Hong Kong groups feel it’s timely to relook at Singapore, as it presents good value,” he says.

Likewise, the wave of Chinese money into Singapore will also in-crease. “In many cases, the Hong

Kong and Chinese groups have al-ready invested in London, Australia or New York. So, the missing piece in the jigsaw puzzle is perhaps Singa-pore,” notes Lake.

Th e spectrum of buyers is also diverse. In addition to Chinese and Hong Kong money, there are also sovereign wealth funds. Abu Dhabi Investment Authority, for instance, is in a joint venture with Lendlease at Paya Lebar Quarter; Qatar In-vestment Authority now owns Asia Square Tower 1; and Norway’s US$935 billion (RM4.04 trillion) sovereign wealth fund, the world’s largest, is also reportedly seeking suitable real estate projects in Sin-gapore and Tokyo.

Redevelopment potentialSome companies are buying prop-erties with the intention of redevel-oping them. For example, the site that Sime Darby Centre occupies is zoned for commercial use. It is therefore likely to be redeveloped by Tuan Sing into a new commer-cial building with a mix of offi ce and retail space. “A commercial development has higher value than residential,” says Lake.

A 100% interest in the 11-storey offi ce building at 139 Cecil Street is on the market for sale. Built in the 1980s, the property occupies a 7,936 sq ft site and has a 99-year lease dating from August 1981. Th e building is vacant, as the vendor in-tends to redevelop it into a 16-storey boutique commercial building with offi ce space on the upper fl oors, F&B

outlets on the ground fl oor and car-park facilities. Th e new building will have a total lettable area of 85,000 sq ft, which includes a communal roof terrace and recreational facilities. It will be sold on a completed basis, with redevelopment scheduled for completion by 2Q2018.

Th e building is on the market by expression of interest, with a price tag of S$210 million, and Cushman & Wakefi eld is the marketing agent. Th e price is equivalent to the amount paid by Shanghai Hengda Group, a Chinese real estate group headed by the Zhou family from Shanghai, for neighbouring building 137 Cecil Street in December 2015.

Hengda Group purchased the 60% stake in 139 Cecil Street for S$75 million last September. Th e re-maining 40% stake in the building is held by a joint venture between Vi-brant Group and DB2 Group. Shaun Poh, Cushman & Wakefi eld exec-utive director of capital markets, says: “Th e reason for the sale [of 139 Cecil Street] is that the vendor was approached by several parties that made off ers for the building. Th at prompted the expression of interest exercise.”

Th e building on Cecil Street is also attracting Chinese and Hong Kong companies looking for an of-fi ce building in the CBD where they can have naming and signage rights.

Strata sales to returnTh e original intention of the ven-dors of 139 Cecil Street was to carve up the offi ce building into strata units for sale. Th ey have already ob-tained approval to strata-subdivide the new development at 139 Cecil Street into 99 offi ce units and three retail units. Eighteen months ago, interest in the strata offi ce market became muted when there were fears of a looming oversupply. “Th e subsequent owner has the option to sell the strata-titled units when the market returns in the future,” says Cushman & Wakefi eld’s Poh. “Th e strata sale market seems to be coming back, but the trend appears to be for bulk purchase.”

He reckons it is partly due to the diversion of some funds from the res-idential market when the opportunityfor bulk purchase closed on March 11.That was when the government imposed a new rule in the form of addi tional conveyance duties for residential property transactions that involve acquiring a signifi cant equity interest in entities that hold primarily residential properties.

Th is eff ectively plugged a loop-hole that allowed Singaporean in-vestors to participate in the bulk purchase of unsold units in a resi-dential development by buying the holding company and enjoy substan-tial savings in stamp duties, unlike

those who purchased the residential units directly.

“But it’s not the sole reason for the shift in interest from residential to offi ce deals,” says Poh. “Th ere’s a lot more interest in offi ce buildings, especially when there are very few offi ce buildings in the CBD that are in the S$100 million-to-S$200 mil-lion price range.”

With the more positive outlook for the offi ce market, interest and activity in the strata offi ce space will also pick up, says CBRE’s Lake. In ad-dition to the strata sale of the 79,500 sq ft of offi ce space in January for S$206.6 million, another strata sale of about S$150 million is underway at Prudential Tower.

In February, an entire strata fl oor of more than 13,000 sq ft at Samsung Hub (adjacent to Pru-dential Tower) was sold for S$43 million (S$3,280 psf ). Th e price of S$3,280 psf is equivalent to the price achieved in the sale of the entire strata fl oor sale on the fl oor above, the 21st level, which was slightly smaller at 12,841 sq ft and sold in October 2014 for S$42.1 mil-lion, according to a caveat lodged.

According to Lake, average offi ce prices today are still 10% below the last peak in late 2007 and 1Q2008. “We expect more deals during the rest of the year and activity to con-tinue.” — Th e Edge Singapore

Mid-tier offi ce market will experience greatest pressure

1 8 C O M M E N T TUESDAY MAY 16, 2017 • THEEDGE FINANCIAL DAILY


Xi ends China world trade summitChinese president says the forum will reconvene in 2019

BY B LO O M B E R G N E W S

BY M A R T I N Z B R AU N

& J O N AT H A N L E V I N

President Xi Jinping (pic) wrapped up the inau-gural summit dedicat-ed to his cornerstone diplomatic initiative for Chinese-style globali-

sation with an invitation to world leaders attending the gathering to reconvene in 2019.

Xi, who has heralded his Belt and Road initiative as a “project of the century”, said in a televised closing address in Beijing that his plan to link China with the world via ancient trade routes would ad-dress economic challenges and promote globalisation.

Th e initiative has “entered a new era as it is in full swing”, Xi said in his closing remarks, noting that 68 nations and international organ-isations had signed cooperation agreements with the host. He said the forum would reconvene in 2019.

Xi opened the two-day meeting on Sunday by pledging 540 billion yuan (RM338.80 billion) in fi nanc-ing, including 100 billion yuan for China’s Silk Road Fund, 380 bil-lion yuan in new lending for par-ticipating nations, and 60 billion yuan in coming years to developing countries and international organ-isations that join the programme.

In that speech, Xi repeated his call for multilateral trade. He told the almost two dozen world leaders gathered at the forum that countries

should “uphold and grow an open world economy”.

Th e speech built on an image of Xi as a champion of global free trade that he had sought to hone since US President Donald Trump’s election, most notably in a January speech in Davos. It set the tone for a major two-day forum that started on Sunday to discuss the Belt and Road plan — which aims to connect China with Europe, Asia and Africa through in-frastructure and investment.

“Th ey see an opportunity to fi ll the vacuum and take advantage of perceptions globally,” said Andrew Gilholm, director of analysis for North Asia at Control Risks Group, referring to changing perceptions of US leadership in the Trump era.

Assembled delegates included representatives from more than 100 countries and heads of state, includ-ing Russian President Vladimir Pu-tin, Turkish President Recep Tayyip Erdogan and Pakistani Prime Min-ister Nawaz Sharif. Representation from India, however, was conspic-uously absent, as were all Group of Seven heads of state except Italy’s.

During the opening ceremo-ny, the first speakers to follow Xi were Putin and Erdogan, who pledged support for China’s initi-ative while showcasing their own regional projects. Putin called the initiative “timely and promising”, while highlighting the Russia-led Eurasian Economic Union. Erdo-gan told delegates that the world’s

economic centre of gravity is shift-ing to the East and said he would like Turkey’s planned infrastructure expansion to be linked with the Belt and Road. UK Finance Minister Phil-ip Hammond called the initiative “truly ground-breaking”, stressing the country’s desire for new global trade ties. Pakistan’s Sharif called the forum a “historic event” that would “tear down barriers to trade and commerce”.

Addressing concerns that the in-itiative will become a bonanza for Chinese companies or a strategic play for regional domination, Xi declared that the plan would be open to all countries and would complement each nation’s development goals.

‘Fair process’Other leaders hinted at potential

problems in their remarks. Matt Pottinger, senior director for East Asia on the National Security Coun-cil and special assistant to Trump who was representing the US at the forum, urged transparency and “fair process” in his comments. Interna-tional Monetary Fund managing director Christine Lagarde called for high-quality infrastructure that respects the environment while also welcoming the Chinese initiative.

Xi said in his speech the initia-tive won’t resort to “outdated geo-political manoeuvring”. He stressed that China doesn’t seek to export its development model to other na-tions, while also calling for mutual respect of one another’s sovereign-ty, territory and “core interests”.

Eighteen countries including the UK agreed on Sunday on the guiding principles for financing development of the initiative. Th e Asian Development Bank, Asian Infrastructure Investment Bank, European Investment Bank, New Development Bank, World Bank and China’s fi nance ministry signed an agreement on promoting the Belt and Road, Finance Vice Min-ister Shi Yaobin said.

China will also encourage fi nan-cial institutions to conduct an esti-mated 300 billion yuan in overseas business using yuan, the offi cial Xinhua news agency said.

Xi proposed the initiative, then known as the Silk Road, in 2013. China’s investment in Belt and Road

countries has surpassed US$50 bil-lion (RM216 billion), according to Xinhua. Credit Suisse Group AG estimates that the plan could fun-nel investments worth as much as US$502 billion into 62 countries over fi ve years.

Missile launchBut present-day concerns also in-truded on the event. Hours be-fore Xi spoke, North Korea fi red a ballistic missile, its seventh such test this year, just days after South Korea elected a president who vowed to engage with Kim Jong-un’s regime.

While Xi didn’t address China’s irksome ally, his remarks referred to geopolitical diffi culties along the Belt and Road route. “Th e ancient silk routes thrived in times of peace, but lost vigour in times of war,” he said. “Th e pursuit of the Belt and Road initiative requires a peaceful and stable environment.”

China’s foreign ministry later issued a statement opposing mis-sile launches by North Korea that violate United Nations resolutions.

Th e real challenge, though, for the initiative will be implementa-tion. “To get a procession of leaders coming and saying nice things in Beijing is very nice,” said Gilholm, “but to actually implement a gigan-tically expensive and ambitious project and vision to remake how a large part of the globe interacts is a lot more diffi cult.” — Bloomberg

SAN Juan’s gleaming commuter train seemed like a coup — the kind of big-ticket item many US cities can only dream of.

More than a decade on, the Tren Urbano is a monument to the folly, bloat and abuse that fi nally bank-rupted Puerto Rico. Despite years of planning, it sells only a third of the rides it needs to, and loses roughly US$50 million (RM216 million) a year. Th e cost so far: US$2.25 billion, US$1 billion more than planned.

Th at is Puerto Rico’s story. With Wall Street’s help, the US common-wealth borrowed tens of billions in the bond markets, only to squan-der much of it on grand projects, government bureaucracy, everyday expenses and worse. Debts were piled on debts.

Long before the island’s govern-ment this month sought protection from creditors in America’s largest municipal insolvency, many on the island wondered where all the money was going. No one knows for sure: Puerto Rico hasn’t fi led audit-ed fi nancial statements since 2014.

Over the past decade or so, bonds were issued by no few-er than 18 government entities.

Bonds helped pay for schools and hospitals, public parks and govern-ment buildings, small-town base-ball fi elds and modern stadiums. Bonds were sold to pay salaries, plug budget defi cits and fund pub-lic pensions. Since 2006, the out-standing debt has almost doubled.

“Now, the backlash has come,” said Emilio Pantojas-Garcia, a so-ciology professor at the University of Puerto Rico, Rio Piedras. Like many people here, he points to the shifting cast of profl igate politicians.

Mass migrationIn 1999, when Puerto Rico had an investment-grade credit rating, the island had roughly US$16 billion of public debt. Today, that fi gure is US$74 billion and the rating is junk. Puerto Rico, where half the 3.4 mil-lion inhabitants live in poverty, has become like Greece: Th ousands of people, many of them profession-als, are fl eeing for the US mainland.

Puerto Rico’s borrowing was tur-bocharged because its debt is ex-empt from local, state and federal taxes everywhere in America. Mu-tual funds snapped up the bonds, which paid high yields because of their riskiness.

Puerto Rico has no central offi ce overseeing how bond proceeds are

spent. In recent years, executives of two separate agencies, the highway authority and the water authority, pleaded guilty to bribery charges.

Tragic tranchesMore than US$13 billion of gen-eral-obligation bonds backed by the commonwealth’s full faith and credit were supposed to fi nance public works like schools and hos-pitals. Roughly US$17.6 billion of bonds backed by sales taxes cov-ered budget defi cits and replaced old debts with new. Almost US$14 billion was issued by the water and electric utilities. And about US$3 billion was sold to fund public pen-sions, though analysts estimate that half of that went to cover current expenses instead.

Government comptroller Ye-smin Valdivieso has a staff of more than 500 to track public fi nances and audit agencies. She says that isn’t enough. A review of the Uni-versity of Puerto Rico’s 11 campus-es, for example, spawned 55 reports from her offi ce over six years.

The university, which owes US$496 million, spent US$80 mil-lion on an Oracle Corp database that didn’t work, Valdivieso said, though university offi cials have said the system may yet be implement-

ed. A single security booth at the Rio Piedras campus cost US$120,000, more than many Puerto Ricans’ homes.

Joseph Martinez, a university spokesman, didn’t respond to re-quests for comment.

Some expenditures were hope-ful investments, but expectations for big projects like the urban train were often overblown. Infrastruc-ture agency Prifa spent US$41 mil-lion on a 1,000-seat performing arts centre in Humacao, a city of 60,000 on the east coast. Th e three-curtain centre is scheduled to host a stand-up comedy show next month.

In an eff ort to boost the economy of Mayaguez, in the island’s relative-ly poor west, offi cials looked to the 2010 Central American and Carib-bean Games. Prifa issued US$470 million in bonds backed by rum taxes to help fi nance a 13,000-seat arena, an aquatic complex and a 10,500-seat stadium.

The games ran over budget. And in 2016, average attendance at home games of the Indios de Mayaguez baseball team played at the stadium was 1,327, according to box scores.

“Every town in Puerto Rico has a new baseball park,” said Garcia, the sociology professor. “All these

mayors were using borrowed mon-ey to build things that were un-derutilised.”

Empty seatsPrepa, the electric utility, has amassed US$9 billion in debt, but has little to show for it. It relies on two oil-based power plants built in the 1960s. Outages are common.

To lower costs, Prepa borrowed US$85 million to construct pipe-lines for cheap natural gas. The projects were abandoned because of local opposition.

But outlays for physical assets are overshadowed by corrosive debts for defi cits and operations. Borrowing to fi nance infrastructure like bridges and sewers, with long-term benefi ts, is appropriate, said Mark Joffe, principal consultant with Public Credit Sector Solutions in San Francisco. Borrowing for everyday expenses isn’t.

“Th at’s not ethical, not fair to future generations of people living in Puerto Rico,” Joff e said.

Meanwhile, the Tren Urbano keeps rolling.

“To run efficiently, it would have to move like 100,000 people a day,” said Valdivieso, the comp-troller. It moves about a third of that. — Bloomberg

W O R L D B U S I N E S S 1 9TUESDAY MAY 16, 2017 • THEED G E FINANCIAL DAILY

Europeans snub Silk Road trade text

WASHINGTON: China’s dealmak-ers edged out their US counterparts in their fi rst round of trade talks. US beef producers and fi nancial fi rms will get more access to Chinese markets in exchange for chicken imports and a potential opening for Chinese banks.

It’s a good start, but Beijing didn’t give up much.

US President Donald Trump’s administration, eager for a win amid a furore over his fi ring of the FBI chief, was quick to crow about trade concessions wrangled from the People’s Republic of China. Th e deal is part of a 100-day plan hashed out when Trump met Chi-nese President Xi Jinping in April.

American enterprises like Visa and Mastercard will get access to the Chinese market and two banks will get bond underwriting licenc-es. “I have a new boss who’s very demanding that things get done on time,” Commerce Secretary

Wilbur Ross told CNBC. “So I’m quite relieved that we had tangible achievements.”

Th ough a decent start, it won’t do much to reduce Uncle Sam’s trade deficit with China, which stood at nearly US$350 billion in 2016 — and which widened in March. American rivals won’t fi nd it easy to compete with Chinese fi rms which are experienced, and at this point deeply entrenched. For exam-ple in electronic-payment services, China has already leapfrogged the US in many ways.

The agricultural liberalisations are overdue, and in the mutual interest of both counties. Amer-ican beef is a premium product that will compete with imports from other countries, not domes-tic farms.

As for chicken, the complemen-tary trade is one that Beijing has long pushed. Chinese consumers tend to prefer dark meat and are happy to export the breast meat that Americans like. However, Chi-

nese chicken could raise US food safety concerns.

On other matters beyond trade, Washington appears to be taking a softer stance than Trump promised on the campaign trail. Th e former reality-TV star rattled Beijing by taking a congratulatory call from Taiwanese President Tsai Ing-wen after the November election.

Since then, Trump said he would refrain from speaking directly with Tsai unless he fi rst checked with Xi. Meanwhile, the White House appears to be stalling on planned arms sales to Taiwan.

Most of the contentious issues, like barriers to US carmakers and product dumping by the state-owned heavy industry, have yet to be addressed. It’s also unclear how these incremental steps aff ect a comprehensive investment treaty that the two parties have been ne-gotiating for years.

American negotiators will have to push harder than this if they want better bargains. — Reuters

New Zealand slashes Chinese tourism forecastPernod Ricard eyes stable 2017 Asia salesPARIS: French drinks group Pernod Ricard said that the 2016/2017 fi nancial year would be a stable one regarding sales in Asia, with its second-largest market in India facing a tempo-rary slowdown due to adverse market conditions. On the oth-er hand, its third-largest market in China had a positive outlook for Martell cognac, added Per-nod yesterday. Pernod, which is the world’s second-largest spirits group behind Diageo, made the forecasts in slides released on its website. India, which accounts for about 10% of group revenue, has been a key growth area, driven by local whisky brands such as Blend-er’s Pride and Royal Stag. But a government ban on high-val-ue banknotes held back local consumption in the second and third quarters and sales growth in India slowed to 1% in the nine months to March 31, down from 12% in the 2015-2016 full year. — Reuters

Benettons’ Atlantia makes bid to acquire AbertisMILAN: Th e Benetton family’s Atlantia SpA is bidding to buy Spanish competitor Abertis In-fraestructuras SA in a €16.34 billion (RM77.49 billion) off er that would create the world’s biggest operator of toll roads. Th e Italian infrastructure com-pany is off ering €16.5 per share for 100% of Abertis, according to an Atlantia statement yes-terday. As an alternative to the cash bid, Atlantia is off ering 0.697 shares of the Italian com-pany for each Abertis share. Th e off er is 0.3% higher than Abertis’ closing price in Ma-drid last Friday. — Bloomberg

Vodacom agrees to buy US$2.6b Safaricom stake JOHANNESBURG: Vodacom Group Ltd agreed to buy a 35% shareholding in Safaricom Ltd from its parent company Vodafone Group plc, giving the South African wireless operator a foothold in the Kenyan mar-ket. Vodacom, 65% owned by Vodafone, will pay the equiva-lent of 34.6 billion rand (US$2.6 billion/RM11.23 billion) for the stake, the Johannesburg-based company said in a statement yesterday. Vodafone will retain a 5% holding, while the Ken-yan government owns 35%. — Bloomberg

TUI bets on summer boost after ‘challenging’ 1HFRANKFURT: German travel group TUI yesterday confi rmed its sunny forecast for the full year, betting on strong sum-mer business to outweigh a net loss in the “challenging” fi rst half (1H). TUI, which runs its business year from October to September, booked a net loss of €363 million (RM1.72 billion) for the six months to March. Th at represented an improvement over the loss of €449 million recorded in the same period of the previous year. — AFP

I N BR I E F

Some fear Silk Roads serve Chinese exports above all

China’s dealmakers edge out Trump in fi rst roundBY G I N A C H O N & P E T E S W E E N E Y

WELLINGTON: New Zealand has slashed its forecast for Chinese tourist spending over the next six years, denting growth expec-tations for its biggest foreign-ex-change earner.

Spending by Chinese tourists will rise to NZ$3.73 billion by 2022 from NZ$1.65 billion last year, according to the ministry of business, innovation and em-ployment’s latest annual fore-casts. That’s 30% less than the NZ$5.32 billion expected in last year’s projections.

“There is significant geopoliti-cal risk around the China market,” the ministry said in the report, published last Friday, adding that

indicators like early-2017 visa ap-provals were “suggesting a short-term slowing in the market”.

The downward revision indi-cates overall revenue from tourists won’t grow as quickly as previous-ly expected, and that Australia will remain the biggest source of tour-ist dollars until 2021. Last year, of-ficials forecast China would take the top ranking in 2017.

Tourism, which last year over-took dairy as New Zealand’s top ex-port, has been growing faster than expected. Visitor numbers surged to 3.5 million in 2016, four years sooner than had been envisaged in 2014, and are projected to jump to 4.9 million by 2023. — Bloomberg

BEIJING: Several European coun-tries are refusing to sign a trade statement at China’s Silk Road summit, a diplomat said yester-day, dealing a setback to Beijing’s eff orts to gain full support for its initiative.

France, Germany, Estonia, Greece, Portugal and Britain are among the European Union coun-tries spurning the document, the diplomat told AFP on condition of anonymity.

Nearly 30 world leaders were taking part in the global sum-mit on China’s Silk Road plan, a huge infrastructure project which Beijing hopes will revive ancient

trade routes from Asia to Europe and Africa.

The forum was to culminate yesterday evening in a fi nal com-munique from heads of state, with statements on topics spanning finance and relations between peoples.

Th e diplomat said all the Eu-ropean nations taking part in the summit’s trade panel collectively decided to rebuff the text because they believe it does not suffi ciently address European concerns sur-rounding transparency of public procurement and social and en-vironmental standards.

China only presented the doc-

ument to negotiators last week, telling them it could no longer be reworked, according to the offi cial.

Beijing is seeking to cement its trade relations in Asia, Africa, and Europe through the summit, but some fear that these new Silk Roads serve the interests of Chi-nese exporters above all.

“It’s very important for us and our companies that the calls for our projects under the Belt and Road Initiative are transparent, that they are non-discriminatory, and that they comply with international standards,” German Economic Minister Brigitte Zypries said at the trade panel on Sunday. — AFP

Lyft, Waymo to cooperate on self-driving carsSAN FRANCISCO: Waymo, the self-driving car unit of Google parent Alphabet, has reached an agreement with ride sharer Lyft to test self-driving car tech-nology, the companies said late on Sunday.

Waymo and Lyft are joining forces against ride-sharing giant Uber, which is racing to develop its own self-driving vehicles.

“We’re looking forward to working with Lyft to explore new self-driving products that will make our roads safer and transportation more accessible,” a Waymo spokesman told AFP.

A Lyft spokesman confi rmed the partnership to Th e New York Times, which broke the story.

Waymo and Uber are cur-rently engaged in a bitter legal dispute.

In February, Waymo fi led a lawsuit claiming that a former manager took technical data when he left to launch a com-peting venture that was later acquired by Uber.

Most major automakers and several other technology fi rms have been stepping up eff orts on autonomous driving in re-cent years, contending that these systems will eliminate the vast majority of road ac-cidents. Apple is the latest to have obtained a testing permit in California.

German luxury carmaker Daimler and auto parts sup-plier Bosch announced plans this month to work together to create completely driverless cars in the next few years.

US-based Tesla is also step-ping up eff orts, as are several Chinese technology fi rms and the major US, Asian and Euro-pean manufacturers. — AFP

Waymo and Lyft are joining forces

against ride-sharing giant Uber.

2 0 W O R L D B U S I N E S S TUESDAY MAY 16, 2017 • THEEDGE FINANCIAL DAILY

Japan bank MUFG’s profi t down by 2.6% TOKYO: Mitsubishi UFJ Finan-cial Group (MUFG) said yester-day its net profi t fell 2.6% for the year ended in March, hurt by weak lending income. Ja-pan’s biggest lender by assets said net profi t came in at ¥926.4 billion (RM35.32 billion) in the April-March period, down from ¥951.4 billion in the previous year. It compares with the ¥961.3 billion average estimate of 16 analysts compiled by Th omson Reuters and MUFG’s own con-servative forecasts of an ¥850 billion profi t. Japanese banks’ struggles to reverse years of declining lending income was dealt a blow last year by the cen-tral bank’s decision to introduce a negative interest rate policy, which has squeezed already thin loan margins. — Reuters

RI-China consortium signs US$4.5b rail loanJAKARTA: A consortium of In-donesian (RI) and Chinese com-panies building Indonesia’s fi rst high-speed railway has signed a US$4.5 billion (RM19.44 billion) loan with China Development Bank, Indonesia’s government said yesterday. Th e head of the consortium, Hanggoro Budi Wiryawan, and the chairman of China Development Bank, Hu Huaibang, signed the loan in Beijing on Sunday, during a bilateral meeting between Indo-nesian President Joko Widodo and China’s President Xi Jin-ping, according to a statement issued by Widodo’s offi ce. Wido-do was in Beijing to attend the Belt and Road Forum for Inter-national Cooperation. — Reuters

Start-up of Vietnamrefi nery delayed to 2018SINGAPORE/HANOI: The start-up of Vietnam’s new US$7.5 billion (RM32.4 billion) Nghi Son oil refi nery has been delayed to 2018, from an initial expected start-up in the third quarter (3Q) of this year, ac-cording to a notice on a govern-ment website. Th e 200,000 bar-rels-per-day oil refi nery is now planning to start commercial operations in the 1Q of 2018, according to the notice and a source. Th e delay is the result of trouble with a mechanical test of some of the refi nery’s components that have set back plans for test runs, according to the notice. — Reuters

Thai banks’ bad loans seen peaking this yearBANGKOK: Th ai commercial banks’ non-performing loans are expected to peak later this year as the country’s econom-ic recovery has yet to become broad-based, a senior central bank offi cial said yesterday. Banks may see their lending increasing 4% to 6% this year if production and investment pick up in the second half of the year, Daranee Saeju, senior director of the central bank’s fi nancial institutions strategy department, told reporters. — Reuters

I N BR I E FToshiba delays results again, warns of US$8.4b net lossTh e delays have stirred fears that its shares could be delisted

BY J A M I E F R E E D

BY Q U E N T I N W E B B

Filepic of Toshiba headquarters in Tokyo, Japan. The company now faces a deadline for the end of June to fi le its results with Japan’s fi nance ministry. Photo by Reuters

TOKYO: Troubled conglomerate Toshiba said yesterday it will delay reporting its annual earnings for the past fi scal year, but warned it is on track to book a net loss of US$8.4 billion (RM36.28 billion).

Th e delay comes after one of Ja-pan’s best-known companies twice postponed its nine-month earnings before releasing unaudited results last month.

Th e delays have stirred fears that the huge conglomerate’s shares could be delisted from the Tokyo Stock Exchange.

Toshiba said it failed to meet the exchange’s deadline for results to be released within 45 days as its auditor is still reviewing them.

Th e company now faces a dead-line for the end of June to fi le its re-sults with Japan’s fi nance ministry.

Th e warning of a huge loss — largely linked to a bloodletting at Toshiba’s US nuclear division West-inghouse Electric — was slightly

SINGAPORE: Shares in troubled commodities trader Noble Group plunged again yesterday after taking a massive hit last week, sparking con-cerns over the company’s viability.

Th e fi rm sank 14% to a 15-year low of 57 Singapore cents (RM1.76) at one point before paring the losses but was still down 9.8% at 60 Singapore cents in Singapore afternoon trade.

Th e stock plunged 48% last week, along with a sharp decline in the company’s bonds.

“Many people have asked

whether the fall is going to last, or is it still a viable entity going for-ward,” Nicholas Teo, a trading strat-egist at KGI Securities in Singapore, told Bloomberg News.

He said creditors need to assess whether the fi rm is “still an entity that one should be dealing with as a counterparty either for trading, for borrowing, or for just doing business with”.

In the latest in a series of setbacks, Hongkong-based Noble reported a loss of almost US$130 million

(RM561.6 million) in the fi rst quarter and said it would not return to prof-itability until at least in 2018 to 2019.

Its stock was hammered in 2015 by a fall in commodities prices and it also suff ered a credit rating down-grade. It had also faced allegations of irregular accounting practices.

Th e company has been selling assets and cutting costs to boost its finances and S&P Global Ratings said last week that the fi rm’s debt burden is unsustainable given its current earnings trajectory. — AFP

Concerns over Noble’s future after shares hammered

SYDNEY: US buyout fi rm TPG Cap-ital Management yesterday raised its cash bid for Fairfax Media Ltd, off ering A$2.76 billion (RM8.88 bil-lion) for the struggling Australian publisher and sending its shares to a six-year high.

The fresh offer from TPG and partner Ontario Teachers’ Pension Plan Board would allow sharehold-ers to cash out completely rather than leaving them with scrip in a piecemeal collection of small assets including radio, regional newspa-pers and television streaming.

“It’s better to have a complete bid,” said John Grace, co-head of equities at Ausbil Investment Man-agement, Fairfax’s largest share-holder with a 7.8% stake. He added however that it was too early to say whether the bid should succeed.

Fairfax is the publisher of Th e Sydney Morning Herald and Th e Australian Financial Review, but its best-performing asset is proper-ty listings website Domain, which has boomed amid the long-term decline of newspaper earnings.

TPG is now off ering A$1.20 a share for the entire business, compared with the prior off er of A$0.95 a share for Domain and top mastheads.

It represents a 12% premium to Fairfax’s A$1.07 closing price last Friday and sent the shares up as much as 8.4% to a six-year high of A$1.16 yesterday. — Reuters

TPG boosts off er for Australia’s Fairfax Media, shares leap to 6-year high

HONG KONG: Hong Kong’s stock market is better off without Beijing’s support. State-backed institutions are preparing to support the bourse if needed before a likely visit by President Xi Jinping, Bloomberg reported last Th ursday.

Th is looks like fresh evidence of Beijing’s tightening grip on the city — and its belief that market prices are a tool to signal good news. Ex-porting that stance will dent Hong Kong’s appeal.

On the face of it, there is no need for any assistance. Th e equity mar-ket is humming right now, with the Hang Seng index up 14% so far this year. But any selloff before a July set-piece trip by Xi to mark 20 years of Chinese rule could be embarrass-

Hong Kong bourse better off without Beijing’s aiding. So think of this as the fi nancial equivalent of keeping Beijing’s skies blue for the 2008 Olympics.

Still, the idea is doubly unwel-come. First, this echoes the botched attempt to stem crashes in Shen-zhen and Shanghai two years ago through a welter of moves that in-cluded deploying a “national team” of forced buyers.

Repeating the strategy would refl ect an offi cial attitude that price moves can be pressed into service for PR purposes. Th at is wronghead-ed. Muffl ing the useful signals sent by markets may obscure the under-lying reality, but won’t change it.

Second, this would be a new blow to the idea that things are done diff erently in Hong Kong, un-der the principle of “one country, two systems”.

The bourse is not wholly free from interference or oddities — authorities propped it up during the Asian fi nancial crisis, there are scandals, and today many listings are of mainland state fi rms, which help each other fl oat at surprising punchy prices. But share prices are generally a reasonable refl ection of what investors actually think.

More broadly, the city’s stand-ing rests on its commitment to free markets and the rule of law.

Th is may be just an unneces-sary spot of bureaucratic para-noia. But there are plenty of other signs that China is gripping Hong Kong ever tighter, as with the re-cent disappearance of mainland billionaire Xiao Jianhua. For Hong Kong-watchers, this risks becom-ing another “sell” signal. — Reuters

better than Toshiba’s previous ¥1.01 trillion (RM38.5 billion) net loss estimate announced last month.

At the operating level, Toshi-ba said it now expects a ¥270 bil-lion profi t, reversing a ¥500 billion

loss forecast last month, on sales of ¥4.87 trillion, off its earlier estimate of ¥5.49 trillion.

Toshiba has struggled to assess the impact of huge writedowns at Westinghouse, which fi led for

bankruptcy protection in March.Th e company said it is probing

claims of misconduct by senior managers at Westinghouse Elec-tric and gauging the impact on its fi nances.

The probe was started after a whistleblower complained that one or more Westinghouse executives exerted “inappropriate pressure” on its accounting.

Toshiba shares have been ham-mered this year — they have lost more than 40% of their value since late December when the fi rm fi rst warned of multibillion-dollar losses at Westinghouse.

But the embattled stock rose 4.23% to ¥263.8 in yesterday’s af-ternoon trading.

Toshiba’s auditor reportedly sus-pects that the alleged wrongdoing had been going on for longer than previously thought, which could mean revising earlier financial statements. — AFP

W O R L D 2 1TUESDAY MAY 16, 2017 • THEED G E FINANCIAL DAILY

Foreigners barred from Singapore gay-pride rally — organisersSINGAPORE: Foreigners will be barred from attending Singa-pore’s annual gay-pride rally, its organisers said, as the city-state tightens rules against the involvement of non-Singapo-reans in protests. Singapore’s Pink Dot rally, which started in 2009, has attracted crowds of up to 28,000 despite a backlash from conservative groups in a state where protests are strictly controlled. However, the gov-ernment implemented new rules in November allowing only citizens and permanent residents to attend such events, which take place at the city’s only free-speech site, Speakers’ Corner. — AFP

S Korea to temporarily close 10 old coal-fi red power plants in JuneSEOUL: South Korea will tem-porarily shut down 10 coal-fi red power plants that are over 30 years old in June to miti-gate air pollution, the offi ce of President Moon Jae-in said in a statement yesterday. Th e meas-ure comes as coal-fi red power plants are being criticised for contributing to deteriorating air quality in South Korea, Asia’s fourth-largest economy. Amid these concerns, new president Moon vowed during his elec-tion campaign to close the old coal power plants and review a plan to add coal power gen-eration. Instead he advocated increasing the share of renew-ables to produce more clean energy. — Reuters

Heavy gunfi re erupts in Ivory Coast’s two main citiesABIDJAN: Heavy gunfi re erupt-ed yesterday in Ivory Coast’s two largest cities — Abidjan and Bouake — witnesses said, as the military pressed an op-eration aimed at ending a four-day nationwide army mutiny over bonus payments. Loyalist troops began advancing to-wards Bouake, the epicentre of the revolt, on Sunday and spo-radic gunfi re was heard over-night there as well as at military camps in Abidjan. Shooting in both cities intensifi ed before dawn. Heavy shooting was also heard in Daloa, a hub for the western cocoa growing regions, yesterday. — Reuters

17 shot dead in PNG prison breakoutSYDNEY: Seventeen prisoners have been shot dead after a mass breakout at a jail in Pap-ua New Guinea, police said yesterday, with 57 still on the run. Inmates from the Buimo jail in the Pacifi c nation’s sec-ond largest city of Lae made a dash for freedom after break-ing out of their compound last Friday, with prison warders opening fi re. Th e Royal Papua New Guinea Constabulary said in a statement 17 were killed, three were caught and 57 were still at large. — AFP

I N BR I E FNorth Korea boasts about new rocketIt says missile can carry large-size heavy nuclear warhead

BY K A N G A KO N G

SEOUL: North Korea boasted yester-day that its new rocket could carry a “large-size heavy nuclear warhead” over long distances, with analysts es-timating that it could reach US mil-itary forces on the island of Guam.

Kim Jong-un witnessed Sun-day’s launch of the “new ground-to-ground medium long-range strategic ballistic rocket Hwasong-12,” the offi cial Korean Central News Agency (KCNA) said. It was fi red at a steep trajectory “in consideration of the security of neighbouring countries,”

reaching an altitude of 2,111.5km before hitting open waters 787km away, KCNA said.

Nikki Haley, the US ambassador to the UN, said the latest test shows Kim is “in a state of paranoia” and that Washington will “continue to tighten the screws” on his regime. Th e launch defi es UN sanctions and provides an early challenge for South Korea’s new leader, Moon Jae-in, who has vowed to engage with the regime to bring peace to the pen-insula.

US President Donald Trump has said military action is an option to

prevent Kim’s regime from develop-ing missiles that could carry a nu-clear warhead to North America. If launched on a maximum trajectory, the latest missile could have fl own about 4,500km, within range of the US military base at Guam, according to aerospace engineer John Schilling.

“North Korea’s latest successful missile test represents a level of per-formance never before seen from a North Korean missile,” Schilling wrote on 38 North, a website run by the US-Korea Institute at Johns Hop-kins University’s School of Advanced International Studies. — Bloomberg

THE HAGUE: India was to appeal to the UN’s top court yesterday to order Pakistan to suspend its planned execution of an Indian national convicted of spying.

In an emergency hearing due to open at 0800 GMT, lawyers for New Delhi will urge the Interna-tional Court of Justice to halt the execution of Kulbhushan Sudhir Jadhav.

Jadhav was arrested in the southwestern province of Ba-lochistan last year and Pakistani offi cials claim he has confessed to spying for Indian intelligence services.

But India has denied he was a spy, and last week lodged a pro-test at the ICJ in Th e Hague accus-ing Pakistan of “egregious viola-tions of the Vienna convention,” the court said in a statement.

India was not informed of Jadhav’s detention “until long af-ter his arrest” and Pakistan “failed to inform” him of his rights, ac-cording to New Delhi.

India is seeking the “immedi-ate suspension of the sentence of death awarded to the accused,” the court said, adding that New Delhi had also highlighted “the extreme gravity and immediacy of the threat”.

“India submits that it has in-formation that Jadhav was ‘kid-napped from Iran, where he was carrying on business after retiring from the Indian Navy’,” it added.

India was to present its case yesterday morning asking the court to order provisional meas-ures to suspend the execution until the tribunal has had time to consider and rule on the full case.

New Delhi ultimately wants the tribunal to order Islamabad to annul the sentence complete-ly. — AFP

India in appeal to UN court to halt execution of ‘spy’

For some ransomware victims, hard lessonsYANGON: A senior European Un-

ion (EU) offi cial has urged Myan-mar to allow full aid access to the north of Rakhine state, where thou-sands have fl ed their homes after a months-long army crackdown on Rohingya Muslims.

The area along the country’s north-western border has been un-der lockdown since October, when the military launched a campaign to hunt down Rohingya militants who staged deadly attacks on po-lice posts.

Some 100,000 people from the Muslim minority were displaced by the violence, most of them fl eeing to Bangladesh and bringing with them harrowing stories of rape, tor-ture and mass killings by soldiers.

Myanmar has rebuffed UN claims that its security forces may have committed crimes against humanity and has refused to al-low international observers into the area.

De facto leader Aung San Suu Kyi this month publicly rejected a UN mission to probe the violence after meeting the EU’s diplomatic chief Federica Mogherini.

EU commissioner for aid Chris-tos Stylianides said he pushed for unrestricted humanitarian access during a three-day visit to Myanmar, which included a tour of northern Rakhine.

“A lot of problems remain in order to see what we want ... about humanitarian access,” he told AFP late on Sunday at the end of his trip.

“I raised this issue a lot in my meetings, not only with ministers but also with the district commis-sioner of Maungdaw,” he added, referring to one of the locked-down areas.

Th e EU has pledged to give My-anmar some €800 million (RM3.8 billion) of development aid be-tween 2014 to 2020. — AFP

EU pushes Myanmar for aid access in northern Rakhine

SINGAPORE/HANOI: Th e Wanna-Cry ransomware worm that hobbled big institutions and businesses at the weekend, including FedEx and Britain’s National Health Service, also indiscriminately caught many smaller victims across Asia.

When MediaOnline, a fi rm that operates digital displays in Singapore shopping malls, noticed its displays were showing the ransomware’s pop-up window on Saturday, it sent engi-neers to two malls, director Dennis So told Reuters.

Th e company’s experience shows how the ransomware can sometimes be beaten without victims having to pay the US$300 (RM1,296) or so in bitcoin that hackers demand for a decryption key to unfreeze their computers.

BY J E R E MY WA G S TA F F MediaOnline’s So said only 12 computers were affected as the network was isolated from both the fi rm’s offi ce network and those of the company running the malls, and its tenants. By replacing all the hard drives, reinstalling the operating sys-tem and downloading all Microsoft Windows updates, the computers were back up and running by early yesterday, with So saying “no money or bitcoin was paid to the hackers.”

At some larger organisations, it took longer.

At Jakarta’s Dharmais Hospital, Indonesia’s biggest cancer centre, up to 200 people packed waiting rooms after cyber attacks hit scores of com-puters. By late yesterday morning, some visitors were still filling out forms manually, though the hospi-tal said 70% of its systems were back online. — Reuters

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

TUESDAY MAY 16, 2017 • THEEDGE FINANCIAL DAILY

PersonalASSISTANTC O M P I L E D BY H A N N A H M E R I C A N

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

WATCH horror fi lm The Bride, which is now out in cinemas. It follows Nastia and her boy-friend who go and meet his family at their ancestral house in the country. The spirit of a dead body from a turn of the century bride comes to haunt them and trouble ensues. The Bride stars Vyacheslav Chepurchenko, Aleksandra Rebenok, Igor Khripunov and Valeriya Dmitriev. Visit www.gsc.com.my or www.tgv.com.my to book tickets online and for screening schedules.

TAKE the kids to see Stuck at PJ Live Arts today. Based on the children’s book by award-win-ning illustrator and author Oliver Jeff ers, the production tells the tale of a little boy named Floyd, who goes on a journey to retrieve his kite that is stuck in a tree. Presented by Gardner & Wife Theatre, the production is directed by Adam Bampton-Smith of the UK-based Big Wooden Horse theatre company. The play is on today at 10am and 2pm and will be playing until May 28. Tickets are priced from RM50 to RM300. PJ Live Arts is located at Jaya One, Jalan Universiti, Petaling Jaya. Buy your tick-ets online at www.tix.my.

At Chateau Changyu Reina, honey-coloured brick tow-ers enclose wide cobbled courtyards, and vast, wood-beamed halls look as if they are prepared to

host an imminent medieval banquet. At first glance, the Italianate castle and winery could have been built hundreds of years ago, in Italy’s Tuscan hills.

Spoiler: It wasn’t.Th e chateau is but one part of an am-

bitious 600 million yuan (RM37.65 mil-lion) complex completed four years ago just outside the city of Xi’an, in Shaanxi province in central China. It is a prodi-gious winemaking operation powered by more than 2,000 acres (809.37ha) of vines. Currently, it’s annually churning out 5,000 bottles, mostly merlot — and the goal is to drastically scale up. Th e cellars at Chateau Changyu Reina have room for as many as 150,000 oak barrels.

Th e faux-historic halls of the castle are also home to an interactive exhibition that walks visitors through the history and making of wine. Mirrors encourage visitors to stick out their tongues to ex-amine their taste buds; there’s a statue of Bacchus, plus a wall that showcases the various strata of soil, or terroir. Inexpli-cably, a giant, smiling face resembling a cartoon grape beams out from one corner.

Changyu, China’s winemaking powerhouse, is building French-style chateaus and Italianate castles around the country — and an entire ‘Wine City’ — to encourage the country’s passion for the grape

BY M A R K E L LW O O D

An oversized globe spotlights the world’s other wine regions, while a table covered in Perspex tubes and buttons asks users to see if they can match a region to a scent. Th ere’s even a room dedicated to former Chinese leaders (none of whom seem to be enjoying a glass of wine).

A country enchanted by wineTh is mock castle isn’t unique. It’s one of a network of so-called chateaux built across the country, from Ningxia prov-ince to Beijing, by China’s oldest wine-maker, Changyu. Th ese grand castles, each inspired by a diff erent European winemaking country, are a concrete sign of the company’s ambitious plans for Middle Kingdom wine. According to the International Organisation of Vine and Wine, China is the second-largest wine grower by vineyard area, behind only France, with land under vine roughly the size of Puerto Rico.

Th e challenge Chinese winemakers face, though, isn’t quantity. It’s improving the quality of whatever juice those lands can produce, and that’s where Changyu

has tapped an experienced, new partner for help. 77-year old Augusto Reina isn’t just the namesake of that Shaanxi cha-teau; he’s also the head of Illva Saron-no Holding Spa, the Italian winemaker best-known worldwide as the producer of Disaronno liqueur. Reina has imported his know-how to help China’s nascent industry produce vintages that even the sniffi est wine snob might deign to sam-ple. In return, Changyu named a castle after him and even crafted a life-size bronze of the Italian sitting on a bench in the vineyard — raising a glass.

Is the quality there?Sitting in a hotel near that castle (and sculpture), Reina anticipates what you’re thinking. “When we came to China seven or eight years ago, I had a stomach ache, I must confess it, from the quality of the wine. It was not so good,” he explains, via a translator. Yet the entrepreneur saw potential in both the product and the market; by 2013, China had become the world’s biggest consumer of red wine and has continued to grow. For more than two and a half years, Reina negotiated with Changyu. “Th ey were very demanding, challenging negoti-ations. I don’t think this kind of thing would be possible for an American or a French company, because they have such a diff erent business culture,” he continues, diplomatically.

Eventually, Reina brokered a deal that included Illva taking a signifi cant equity stake in Changyu. Th e pact also initiated an in-depth cultural exchange, sending Illva’s winemakers to various Changyu sites to help school their new colleagues, as well as bringing Chinese staff ers to It-aly on a tasting tour. Th e Italians helped Changyu select the grapes to grow and off ered advice on how to tend to its exist-ing vines. Th ey pitched in with expertise in selecting machinery for production, too, such as bottling lines.

CHECK out art exhibition The Sol-itude Series at the Wei-Ling Gal-lery today. An exhibition by art-ist-printmaker Juhairi Said, it is a refl ection of self-discovery allowing him to explore new methods and techniques to elevate print mak-ing — this includes woodblock prints on washi (a type of hand-made Japanese paper), never-be-fore-seen prints made for his solo show in Tokyo in 2010. The gallery is open from 10am to 6pm. The exhibition is on today until June 17. Wei-Ling Gallery is located 8 Jalan Scott, Brickfi elds, Kuala Lumpur. For more information visit www.weiling-gallery.com.

PHOTOS BY BLOOMBERG

DISNEYLANDFOR WINE

Augusto Reina.

Chateau Baron Balboa, a winery owned by Changyu near Shihezi City in China’s Xinjiang Province.

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

TUESDAY MAY 16, 2017 • THEED G E FINANCIAL DAILY

One conundrum that even the Italians can’t crack, though, is the dominance of red wine. Redolent of such renowned re-gions as Burgundy and Bordeaux, red wine shares a colour with both the Communist Party and good luck. Unfortunately for lovers of Chardonnay or Sauvignon Blanc, white is the colour of mourning and is mostly worn at funerals, which stigma-tizes blanc plonk long before it’s opened.

Coastal winesNowhere is that partnership more evi-dent than at a second Changyu site, in the resort city of Yantai on China’s north-eastern coast, just across the Yellow Sea from North Korea. Th is is the location of the company’s most aggressive and sur-real project so far: Wine City. Set on more than 1,000 acres and costing an estimated 6 billion yuan, it is aptly named, a sprawl-ing hybrid of production facility, tourist attraction, and trippy fantasia. Th e inev-itable rows and rows of vines pale next to the manmade structures that dot the landscape. Th ere’s already one chateau, a white neo-Gothic structure that looks like the set of Monty Python and the Holy Grail, and two others are nearing completion. Another Gothic-inspired pile, complete with an artifi cial moat, will be dedicated to championing and producing red wine, while the squat and sturdy Romanesque chateau next door — imagine the home of any Disney princess — is a temple to brandy making, a fi rst for the company.

A swirling skyscraper is under construc-tion on a nearby hill, too: Six abstracted champagne fl utes decorate the facade of this Wine Research Institute. (Bordeaux’s new Cite du Vin seems a fl imsy rival in comparison.) It will house scientists work-ing on perfecting those vintages, as well as tasting rooms and bars off ering views of the countryside, at least on days when pollution from Beijing doesn’t descend in a thick, white smog. Such fumes don’t have much immediate eff ect on vines, com-pared with toxins in water or soil, so Chi-na’s notoriously noxious air have not yet impacted its wine output.

State-of-the-art technologyMost impressive of all are the winemak-ing facilities themselves, less caves than a series of cathedrals, or gleaming airplane hangars, jigsawed together with articulated roofs that look like giant caterpillars. A shy guide leading a tour round the humming, spotless facilities says this is the world’s largest wine production site. It’s a plausi-ble claim. With 95 tanks here already for a storage capacity exceeding 40,000 tonnes, more are planned; when Wine City hits peak production capacity, it will churn out 450,000 tonnes of wine and brandy

per year, she said. (Compare that with Chateau Petrus, which might produce around 30,000 bottles, or just under 200 tonnes, over the same period)

Th e glass clinks noisily as it trundles around 10 snaking automatic bottling lines, and the cleaning system automat-ically sterilises 120 cold stabilisation tanks, which help forestall the broken glass-like crystals that form in chilled, bottled wine if it’s not properly handled. While the Changyu brand is emblazoned on almost everything, occasionally other names peek through — Italy’s Tecninox and ERsistemi, for example, collaborated on that cold stabilisation room; almost every piece of major tech in the plant is Italian-designed, thanks to Reina’s invest-ment and infl uence. “All the technologies here are exactly like the ones we have, but since our plant was built two years before them, this is even more modern,” he says, proudly.

Tourism, too?Can Changyu’s deep-pocketed attempts under Reina’s tutelage really create a new winemaking hotspot? “It’s defi nitely one of the recognisable big brands, along with Great Wall and Dynasty. Th us, it has instant brand recognition for many Chinese consumers, ”explains Edward Ragg, of (Dragon Phoenix Wine Consult-ing) in Beijing by email. He is cautious about the Italians’ impact on what goes into the bottle. Euromonitor Interna-tional Ltd analyst Spiro Malandrakis is more bullish, drawing parallels with the surging British sparkling wine indus-try, which has been buoyed by climate change and a few canny blind tastings in which it beat Champagne. “Considering the amount of money being in, and the people involved, we will soon be seeing not just award-winning sparkling wine from England, but I wouldn’t be sur-prised to see super-premium red wines from China, too,” he says. — Bloomberg

01. An interactive exhibit at Chateau Reina, which teaches visitors about the global history of wine.

02. Chateau Changyu Afi p, a castle built for showcasing Changyu wines near Beijing.

03. Chateau Changyu-Castel in Yantai.

04. Chateau Changyu Moser XV in Ningxia, China.

05. Chateau Reina in Xi’an.

01 02

03

04

05

2 4 S P O RT S TUESDAY MAY 16, 2017 • THEEDGE FINANCIAL DAILY

Vingada appointed M’sian football team head coach

Nadal edges out Th iem for fi fth Madrid MastersTh e Spaniard is now above Federer to fourth in the world rankings

BY K I E R A N C A N N I N G

Chong Wei wants to focus on Sudirman Cup, World ChampionshipsPETALING JAYA: World No 1 Datuk Lee Chong Wei pledged to continue working hard to win titles at the highest level and focus on the Sudirman Cup and World Champion-ships this year. Chong Wei whose sponsorship deal with 100Plus was extended for an-other two years would remain the isotonic drink manufac-turer’s brand ambassador un-til 2019. “The support from 100Plus has given me the im-petus to work hard, especial-ly during the Sudirman Cup which starts on Sunday and the World Championships in August. I am thankful for the support provided by 100Plus all these years. — Bernama

Lavezzi denies racism as ‘wacky’ pose causes stormSHANGHAI: Argentina interna-tional Ezequiel Lavezzi has issued an apology through his Chinese club after publicity photos that showed him making a slant-eyed pose caused outrage on social media. Lavezzi, who joined Chi-nese Super League side Hebei China Fortune last year from Par-is Saint-Germain, landed in hot water over the weekend as pho-tos emerged with the 32-year-old smiling and pulling the corners of his eyes back into thin slits. “Th e club has discussed this matter with Lavezzi, who said he meant no racial off ence and apologised deeply for any harmful impres-sion that it created,” the club said in a statement on Sunday. — AFP

Sturridge return gives Liverpool more options, says KloppBENGALURU: Daniel Stur-ridge’s return to full fitness gives Liverpool more options tactically, manager Juergen Klopp said after the striker opened the scoring in Sunday’s 4-0 Premier League win over West Ham United. Sturridge made his fi rst league start since January after an injury-ridden season where he had multiple spells on the sidelines. “It’s a cool thing having Daniel in this shape. We had two options ... but we wanted to create more space for Coutinho to play more passes and be more infl uential,” Klopp told reporters. — Reuters

Pakistan win thriller for fi rst Windies series victoryROSEAU (Dominica): Pa-kistan won a thrilling third and final Test with six balls to spare to clinch a first se-ries victory in the West In-dies on Sunday and give a fitting farewell to the retiring captain Misbah ul Haq and veteran Younis Khan. Ros-ton Chase’s unbeaten 101, his second hundred of the series, proved in vain as the home side, set a target of 303 at Windsor Park in Dominica, slipped to 93 for six before the lower order almost rescued a dramatic draw. — AFP

I N BR I E F

MADRID: Rafael Nadal’s flawless record on clay this season con-tinued as he outgunned the im-pressive Dominic Thiem to win the Madrid Masters for a fifth time 7-6 (10/8), 6-4 on Sunday.

Th e Spaniard is now 15-0 on his favoured surface this year having also picked up his 10th titles in Monte Carlo and Barcelona in recent weeks.

MIAMI: South Korean Kim Si-woo became the youngest winner in Play-ers Championship history, fi ring a three-under par 69 on Sunday for a three-stroke US PGA Tour victory.

Th e 75th-ranked prodigy, who has played 120 professional tourna-ments worldwide, became only the second Asian winner of the event after South Korea’s K J Choi in 2011.

Th e 21-year-old Kim eclipsed the Players age mark set by Adam Scott when the Australian won at age 23 in 2004 at the famed TPC Sawgrass layout in Ponte Vedra Beach, Florida.

“I still can’t believe I’m the champion and I’m the youngest champion for this major tourna-ment,” Kim said through a transla-tor. I’m looking forward to working hard from now on.”

Resolute and cool under pres-sure, Kim used a bogey-free fi nal round to collect his biggest victo-ry by fi nishing 72 holes on 10-un-der 278.

Kim, ranked 75th in the world, became only the second non-US player to win twice on the US PGA Tour before age 22, joining last month’s Masters winner, Spaniard Sergio Garcia.

PARIS: Emmanuel Macron promised full and enthusiastic support for Paris’ bid to host the 2024 Olympic Games, following his inauguration as French president on Sunday.

As an International Olympic Com-mittee (IOC) assessment team began a three-day bid inspection, Macron told Paris Mayor Anne Hidalgo the plan stimulated the kind of national optimism he hopes to generate dur-ing his mandate.

“I’m right with you on your ven-ture for the Olympics, Paralympics and the 2024 objective,” Macron told supporters at Paris City Hall.

Paris bid co-chairman and three-time Olympic slalom canoe champi-on Tony Estanguet revealed his team had been invited to the Elysee Palace — the French president’s offi cial res-idence — today.

“Our team has a new member — the new president of the Republic Emmanuel Macron,” he enthused.

“He’ll be with us on this adventure all the way to Lima, and hopefully, beyond,” Estanguet said in reference to the September meeting when the IOC will nominate Paris or Los An-geles as host of the 2024 Olympics.

“Not only is he doing us a ma-

jor honour, but this is a perfect op-portunity to answer some serious questions; it’s a crucial meeting for the future,” said Estanguet’s fellow bid co-chairman Bernard Lapasset.

Th e pair also revealed they had been grilled by the evaluators con-cerning the identity of the organi-sation committee head in case of a Paris victory.

“Tony Estanguet will be the leader,” said the 70-year-old Lapasset.

“And Bernard will be the honor-ary president,” revealed the 39-year-old Estanguet. “Th e IOC demanded to know our plans,” he said. — AFP

KUALA LUMPUR: Eduardo Ma-nuel Martinho Braganza de Vin-gada, or better known as Nelo Vingada, has been confi rmed as head coach and entrusted with the task of bringing Malaysian football out of the wilderness.

Th e Football Association of Malaysia (FAM) said in a state-ment that the 64-year-old coach from Portugal would arrive in Malaysia on May 25, and his fi rst task would be to prepare the na-tional team for a 2019 Asian Cup qualifi er match against North Korea in Pyongyang on June 8.

Vingada’s no-nonsense style of coaching and his direct and dominant assertiveness towards players were the main factors which favoured him as the best choice to be the Malaysian na-tional team head coach.

“I wanted the coach to also be a teacher. With the national team, it is not all about coaching but also to educate our players. With his experience and age, we see him as the best coach to guide the national team to success.

“His work with previous national teams — both youth and senior sides — and the clubs he has coached speak volumes of his work ethics. We look forward to working with Vingada and, hopefully, enjoy new-found success,” said FAM president Tunku Ismail Sultan Ibrahim in the statement.

“After having seen numer-ous coaches, both local and foreign, doing their stuff , my gut instinct tells me that Vinga-da is the right man for the job. I may be wrong but only time will tell,” added Tunku Ismail.

Vingada, for his part, said: ”I would like to thank Tunku Is-mail Sultan Ibrahim for getting in touch with me and then meeting me in Johor recently”. — Bernama

And the 14-time Grand Slam champion is now strong favourite to add a 10th French Open crown next month as he romped to victo-ry on home soil for the loss of just one set all week.

Victory also moves Nadal above Roger Federer to fourth in the world rankings.

“I am aware that if I am fit and I can play well, I have the capac-ity to win important titles and

achieve my goals,” said Nadal.Th iem also fell victim to Nadal’s

supreme form in the fi nal in Bar-celona two weeks ago, but there was little for the 23-year-old to be dispirited about as he pushed Na-dal all the way in his fi rst Masters series fi nal.

“Sometimes against the best players in the world, the best ever player on this surface, you even lose when you play well,” said Th i-

em, who also rises to a career high seventh in the rankings.

“Now that I did it once, playing really well in such a big tourna-ment, the next step is to maintain this level next week.”

Nadal disposed of Novak Djok-ovic for his fi rst win over the Serb for three years on Saturday and victory saw him level Djokovic’s record of 30 Masters Series titles. — AFP

South Korean rising star Kim wins Players title

Britain’s Ian Poulter and South African Louis Oosthuizen shared second on 281, Poulter after a clos-ing 71 with “Oosty” firing a 73. American Kyle Stanley and Rafa Cabrera Bello of Spain shared fourth on 282.

Kim, the US PGA’s youngest player, won his fi rst tour title last August at Greensboro, but hadn’t managed a top-20 US PGA fi nish

since last October and was in only his second Players, having shared 23rd in 2016.

“Usually I’m very nervous but last year I won one and I got a two-year extension,” Kim said. “So I can hit aggressively and I wasn’t as nervous.”

Now Kim has a fi ve-year spot on the tour and assured spots into many of golf’s top events. — AFP

Macron vows full backing for Paris 2024 bid

Kim hoisting the trophy after winning The Players Championship golf tournament at TPC Sawgrass — Stadium Course, Ponte Vedra Beach, Florida, USA, on Sunday.

REUTERS

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 1,778.65 2.78 0.16

KLSE INDUSTRIAL 3,262.02 2.81 0.09

CONSUMER PRODUCT 629.24 0.72 0.11

INDUSTRIAL PRODUCT 155.03 0.45 0.29

CONSTRUCTION 343.82 2.12 0.62

TRADE & SERVICES 240.27 0.65 0.27

KLSE FINANCIAL 16,407.73 -3.42 -0.02

KLSE PROPERTY 1,319.84 2.60 0.20

KLSE PLANTATION 8,106.74 -6.05 -0.07

KLSE MINING 506.61 Unch Unch

INDICES CLOSE +/- %CHGTECHNOLOGY 34.54 -0.13 -0.37

FTSE BURSA 100 12,375.34 27.34 0.22

FTSE BURSA MID 70 15,383.78 63.87 0.42

FTSE BURSA SMALL CAP 17,741.24 59.83 0.34

FTSE BURSA FLEDGLING 19,818.18 -34.07 -0.17

FTSE BURSA EMAS 12,747.19 29.09 0.23

FTSE BUR M’SIA ACE 6,490.56 52.30 0.81

FTSE BUR EMAS SHARIAH 13,099.07 41.14 0.32

FTSE BUR HIJRAH SHARIAH 14,342.63 42.87 0.30

FTSE/ASEAN 40 10,103.22 66.55 0.66

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS 0.824 0.585 0.600 0.585 7120 ACOSTEC 0.590 UNCH 176.9 0.590 210.71 4.24 104.9 4.950 3.588 4.740 4.700 7090 AHEALTH 4.700 -0.040 15.4 4.724 15.75 2.45 550.6 20.000 11.214 19.920 19.780 2658 AJI 19.880 0.160 19.4 19.846 26.80 1.70 1,208.7 0.300 0.210 0.280 0.280 7051 AMTEK 0.280 -0.020 20 0.280 — — 14.0 6.007 4.970 5.070 5.000 6432 APOLLO 5.070 0.080 5.5 5.060 24.07 5.92 405.6 1.200 0.890 — — 7722 ASIABRN 0.925 — — — — — 73.2 4.161 3.230 3.400 3.320 7129 ASIAFLE 3.400 0.050 40.4 3.367 11.50 2.06 662.2 53.156 39.606 46.000 45.300 4162 BAT 45.940 -0.260 246.2 45.772 19.74 4.72 13,117.2 0.120 0.035 0.095 0.090 7243 BIOOSMO 0.095 -0.005 970.4 0.092 — — 68.7 0.740 0.536 0.685 0.665 9288 BONIA 0.665 -0.010 564.9 0.675 19.33 1.88 536.2 3.110 1.514 2.920 2.700 7174 CAB 2.770 -0.170 2700.4 2.805 12.52 0.36 505.3 0.554 0.465 0.480 0.480 7154 CAELY 0.480 -0.005 2 0.480 9.58 2.08 38.4 0.387 0.280 — — 7128 CAMRES 0.300 — — — 26.55 3.33 59.0 14.980 12.062 14.920 14.780 2836 CARLSBG 14.800 -0.060 24.7 14.807 22.07 4.86 4,559.6 0.880 0.530 0.880 0.800 7035 CCK 0.880 0.135 10732 0.842 12.54 2.27 277.5 2.430 1.900 2.320 2.320 7148 CCMDBIO 2.320 0.010 13.5 2.320 24.12 2.80 647.2 1.620 1.025 1.500 1.480 9423 CHEEWAH 1.500 UNCH 22.4 1.494 9.21 2.33 63.1 2.700 2.250 — — 2828 CIHLDG 2.460 — — — 17.63 2.03 398.5 0.050 0.020 0.035 0.035 5188 CNOUHUA 0.035 UNCH 397.3 0.035 — — 23.4 2.800 1.745 2.760 2.740 7205 COCOLND 2.750 0.010 64.8 2.749 14.36 5.64 629.2 1.960 1.226 1.870 1.870 7202 CSCENIC 1.870 0.010 6.4 1.870 16.95 5.88 225.3 0.105 0.055 0.075 0.070 5214 CSL 0.070 -0.005 1858.8 0.072 4.52 — 87.0 0.060 0.035 0.040 0.035 7179 DBE 0.040 0.005 5388.5 0.037 40.00 — 49.3 0.954 0.752 0.910 0.865 7119 DEGEM 0.910 -0.020 15.7 0.880 11.67 2.47 121.9 62.795 51.393 58.900 57.980 3026 DLADY 58.900 0.640 4.4 58.018 25.63 1.70 3,769.6 0.120 0.070 0.105 0.100 7198 DPS 0.105 UNCH 721.7 0.100 — — 61.7 0.125 0.020 0.090 0.080 7182 EKA 0.080 -0.005 4721.8 0.086 — — 25.0 0.360 0.140 0.315 0.310 9091 EMICO 0.315 UNCH 597.8 0.312 9.46 — 30.2 2.046 1.400 1.440 1.430 7149 ENGKAH 1.440 UNCH 1.2 1.438 34.95 4.17 101.9 0.270 0.195 0.225 0.225 7208 EURO 0.225 UNCH 223.9 0.225 15.96 — 54.7 0.850 0.630 — — 7094 EUROSP 0.690 — — — — — 30.7 26.630 22.132 25.380 25.000 3689 F&N 25.080 0.400 21.5 25.092 24.34 2.29 9,198.8 0.865 0.600 0.810 0.760 9776 FARMBES 0.790 0.005 80.4 0.772 4.04 — 48.3 1.205 0.815 0.850 0.850 2755 FCW 0.850 0.010 4 0.850 41.87 1.76 212.5 1.019 0.620 0.855 0.820 8605 FFHB 0.850 0.035 2199.9 0.840 15.60 1.18 92.7 0.955 0.655 0.860 0.845 9172 FPI 0.845 0.005 150 0.854 15.48 7.10 209.0 1.246 0.854 1.060 1.030 5102 GCB 1.050 0.020 485.3 1.042 11.78 1.43 504.2 2.970 2.350 2.970 2.920 5606 GOLDIS 2.950 0.020 128.7 2.950 10.87 0.68 1,803.5 0.110 0.010 0.070 0.065 5187 HBGLOB 0.065 -0.010 140.1 0.066 — — 30.4 18.620 13.815 18.600 18.400 3255 HEIM 18.420 -0.180 36.1 18.414 20.50 6.24 5,564.6 10.140 6.905 10.100 10.020 3301 HLIND 10.040 0.020 40.7 10.052 11.18 3.49 3,292.2 1.030 0.816 0.950 0.945 5160 HOMERIZ 0.950 0.005 102.9 0.947 10.50 4.21 285.0 0.410 0.240 0.350 0.340 7213 HOVID 0.345 UNCH 2986.2 0.343 16.83 2.90 283.1 1.324 1.113 1.210 1.190 5024 HUPSENG 1.200 UNCH 504 1.199 19.45 3.33 960.0 0.630 0.450 — — 8478 HWATAI 0.500 — — — 100.0 — 37.4 3.870 1.785 3.730 3.700 5107 IQGROUP 3.700 -0.060 47.1 3.714 12.10 2.97 325.7 1.513 0.868 1.330 1.320 7152 JAYCORP 1.320 -0.020 171 1.324 9.26 7.58 181.2 0.740 0.505 0.685 0.675 8931 JERASIA 0.680 -0.005 59.3 0.681 9.56 — 55.8 2.618 1.960 2.160 2.130 5247 KAREX 2.140 -0.020 340.9 2.147 53.77 0.93 2,145.1 4.800 2.947 4.750 4.650 7216 KAWAN 4.730 0.060 52.5 4.719 34.48 0.53 1,275.4 0.260 0.040 0.195 0.185 8303 KFM 0.195 UNCH 250.6 0.192 — — 13.3 0.920 0.711 0.825 0.825 6203 KHEESAN 0.825 -0.005 3 0.825 16.60 1.21 85.8 2.700 1.827 — — 7062 KHIND 2.460 — — — 10.07 4.07 98.5 1.600 0.985 1.600 1.480 0002 KOTRA 1.600 0.110 206.7 1.545 22.50 1.25 213.1 0.125 0.035 0.095 0.090 5172 KSTAR 0.095 0.010 352 0.090 — — 27.8 6.000 4.509 5.320 5.300 7006 LATITUD 5.300 -0.050 50.3 5.312 7.24 2.26 515.2 0.950 0.785 0.880 0.870 9385 LAYHONG 0.875 UNCH 119 0.876 — 0.57 532.7 0.390 0.270 0.350 0.340 8079 LEESK 0.350 0.005 217.2 0.343 11.22 2.86 58.7 3.416 2.213 3.130 3.100 7089 LIIHEN 3.120 0.010 529.8 3.117 7.67 5.13 561.6 0.795 0.710 0.760 0.750 7126 LONBISC 0.760 0.005 152.8 0.754 8.20 — 141.8 1.890 1.212 1.820 1.750 7085 LTKM 1.760 -0.060 385.5 1.773 22.06 1.70 229.0 5.300 3.722 5.260 5.100 7087 MAGNI 5.230 0.130 292.1 5.221 8.47 2.68 851.1 0.045 0.015 0.030 0.030 5189 MAXWELL 0.030 0.005 900 0.030 — — 12.0 1.300 1.000 1.130 1.130 5886 MBG 1.130 -0.120 1.6 1.130 26.34 2.65 68.7 1.910 1.145 1.860 1.830 3662 MFLOUR 1.830 -0.040 361.6 1.842 12.46 3.55 1,007.0 1.000 0.800 0.900 0.900 7935 MILUX 0.900 UNCH 20 0.900 — — 49.0 5.050 4.410 4.460 4.450 5202 MSM 4.450 0.010 127.4 4.452 25.90 3.15 3,128.3 0.035 0.030 — — 5150 MSPORTS 0.035 — — — — — 21.2 1.850 1.200 1.740 1.700 3921 MWE 1.720 -0.030 215.4 1.719 — — 398.3 83.680 72.403 83.380 82.800 4707 NESTLE 83.200 -0.100 23.1 83.028 30.16 3.25 19,510.4 4.180 2.600 4.170 4.090 7060 NHFATT 4.090 -0.080 32.3 4.138 10.25 2.69 307.4 0.130 0.070 0.100 0.100 7139 NICE 0.100 UNCH 1121.6 0.100 28.57 — 33.3 0.315 0.250 0.255 0.255 7215 NIHSIN 0.255 0.005 240.8 0.255 — — 60.8 0.917 0.781 0.865 0.850 5066 NTPM 0.865 0.010 4006.8 0.860 19.22 2.77 971.6 0.753 0.345 0.670 0.630 7071 OCR 0.650 0.005 3198.1 0.655 — — 155.9 0.250 0.040 0.190 0.175 7071PA OCR-PA 0.180 -0.010 30922.1 0.181 — — 119.1 2.502 1.361 1.580 1.570 7107 OFI 1.580 UNCH 12 1.578 20.90 2.53 379.2 7.388 6.366 6.700 6.690 4006 ORIENT 6.700 UNCH 15.5 6.699 14.87 2.99 4,156.6 3.580 2.064 3.480 3.410 7052 PADINI 3.460 0.050 767.4 3.445 14.63 2.89 2,276.4 38.422 27.912 36.500 35.900 3719 PANAMY 36.440 0.540 43.6 36.314 16.22 3.81 2,213.6 0.774 0.516 0.575 0.565 5022 PAOS 0.570 UNCH 16.1 0.573 35.40 2.86 103.3 0.650 0.255 0.515 0.490 9407 PARAGON 0.500 -0.005 154.4 0.496 8.56 — 35.0 0.660 0.310 0.610 0.530 6068 PCCS 0.610 0.105 1015 0.569 — — 36.6 1.060 0.700 0.920 0.900 5231 PELIKAN 0.915 0.015 173.7 0.906 94.33 — 506.3 0.235 0.145 0.200 0.190 4081 PMCORP 0.190 UNCH 291.5 0.196 16.52 — 146.9 0.529 0.441 0.500 0.490 5080 POHKONG 0.490 UNCH 137.2 0.498 12.01 2.04 201.1 2.018 1.379 1.830 1.810 7088 POHUAT 1.830 0.010 229.2 1.825 7.72 4.37 415.1 17.300 15.159 17.300 17.060 4065 PPB 17.100 0.040 498.7 17.147 19.40 1.46 20,272.0 0.720 0.480 0.670 0.660 7190 PPG 0.670 0.010 31.2 0.660 10.69 2.06 67.0 1.695 1.262 1.580 1.560 8966 PRLEXUS 1.570 0.010 458.8 1.570 9.84 1.91 280.5 0.910 0.636 0.860 0.860 7134 PWF 0.860 UNCH 40.9 0.860 16.29 3.16 143.6 2.650 1.858 2.640 2.600 7237 PWROOT 2.610 -0.040 34.1 2.621 19.65 4.02 860.3 5.000 4.115 4.980 4.930 7084 QL 4.940 -0.020 214.7 4.955 32.98 0.86 6,165.3 2.100 1.450 2.090 2.070 9946 REX 2.080 UNCH 81 2.080 — — 128.2 1.890 0.761 1.890 1.790 0183 SALUTE 1.850 0.020 1564.6 1.860 28.64 1.30 717.8 1.609 1.000 1.500 1.480 5252 SASBADI 1.500 UNCH 346.2 1.490 23.66 1.50 419.1 0.390 0.275 0.350 0.345 5157 SAUDEE 0.350 0.005 420 0.346 388.89 — 42.0 1.250 0.925 1.170 1.120 7180 SERNKOU 1.160 0.030 561.5 1.150 — — 139.2 0.845 0.550 0.845 0.765 7165 SGB 0.830 0.050 3734 0.822 — — 121.4 0.210 0.060 0.205 0.200 7165PA SGB-PA 0.200 -0.005 10315.3 0.201 — — 94.5 2.131 1.480 1.610 1.550 7412 SHH 1.550 -0.090 31 1.570 12.29 6.45 77.5 1.070 0.800 1.020 1.000 7246 SIGN 1.010 -0.010 400.1 1.009 5.42 4.95 242.7 0.915 0.172 0.710 0.690 8532 SINOTOP 0.690 -0.025 176.2 0.702 46.62 — 272.5 0.385 0.200 0.345 0.345 7943 SNC 0.345 UNCH 72.5 0.345 39.20 — 22.8 2.536 2.190 2.520 2.490 7103 SPRITZER 2.520 0.020 97.6 2.510 16.24 2.30 460.2 1.500 0.990 1.180 1.160 7186 SWSCAP 1.170 -0.010 50 1.175 72.67 0.85 170.7 0.669 0.492 0.600 0.585 7082 SYF 0.585 -0.005 579.3 0.591 9.15 1.71 362.2 0.505 0.280 — — 7211 TAFI 0.470 — — — — — 37.6 2.126 1.660 1.860 1.840 4405 TCHONG 1.850 -0.010 551.7 1.856 — 1.08 1,243.2 1.402 0.610 0.630 0.620 7200 TEKSENG 0.625 UNCH 1032.8 0.625 6.07 3.20 217.6 1.275 0.955 1.040 1.030 7252 TEOSENG 1.030 -0.010 136.9 1.036 13.12 1.46 309.0 1.510 1.201 1.400 1.400 9369 TGL 1.400 UNCH 5 1.400 18.18 5.36 57.0 0.600 0.400 0.530 0.520 7230 TOMEI 0.520 -0.005 65.4 0.521 15.38 — 72.1 0.560 0.420 0.475 0.470 7176 TPC 0.470 -0.005 76.6 0.471 25.82 — 109.9 7.000 4.430 5.800 5.680 4588 UMW 5.800 0.010 1166.5 5.733 — 3.45 6,776.1 2.500 1.843 2.370 2.370 7757 UPA 2.370 UNCH 24 2.370 5.72 3.38 188.6 1.190 0.690 1.080 1.050 7203 WANGZNG 1.050 -0.030 28.7 1.059 9.40 3.81 168.0 0.205 0.080 0.205 0.185 5156 XDL 0.200 UNCH 16703.2 0.199 117.65 — 134.8 0.565 0.360 0.510 0.505 7121 XIANLNG 0.505 -0.015 41 0.508 — — 36.7 0.285 0.075 0.085 0.085 5155 XINQUAN 0.085 UNCH 98.8 0.085 — — 41.2 2.880 2.111 2.870 2.830 5584 YEELEE 2.840 -0.010 244.5 2.849 11.91 1.58 540.3 1.680 0.535 1.630 1.600 7184 YEN 1.600 -0.030 20 1.620 — — 220.0 1.347 0.876 1.280 1.230 5159 YOCB 1.250 0.030 410 1.258 9.12 3.20 200.0 2.450 1.800 2.300 2.290 7178 YSPSAH 2.290 -0.010 16.7 2.297 11.17 3.06 308.8 1.957 1.160 1.700 1.640 5131 ZHULIAN 1.660 0.020 282 1.659 15.56 3.61 763.6INDUSTRIAL PRODUCTS 1.740 1.113 1.730 1.680 0012 3A 1.680 -0.030 776.9 1.695 16.99 1.07 661.2 0.210 0.085 0.180 0.170 7086 ABLEGRP 0.180 UNCH 5747.3 0.176 — — 47.5 0.370 0.200 0.340 0.340 7131 ACME 0.340 UNCH 10 0.340 — — 74.3 0.900 0.630 0.780 0.755 7191 ADVENTA 0.755 -0.005 38.8 0.759 — — 115.4 2.766 1.814 — — 9148 ADVPKG 2.400 — — — 15.94 5.00 49.2 0.205 0.120 0.185 0.180 7146 AEM 0.180 UNCH 531 0.181 52.94 — 48.8

0.500 0.360 0.445 0.415 5198 AFUJIYA 0.445 0.025 29 0.425 22.59 — 80.1 0.635 0.335 0.565 0.555 2682 AISB 0.560 0.005 115.8 0.562 12.50 — 73.8 1.077 0.575 0.860 0.850 7609 AJIYA 0.855 0.005 710.1 0.854 12.74 2.34 260.4 0.160 0.065 — — 9954 AKNIGHT 0.150 — — — — — 8.7 1.410 0.720 1.410 1.340 2674 ALCOM 1.400 0.060 1593 1.378 29.35 3.57 188.1 0.865 0.315 0.775 0.750 4758 ANCOM 0.765 -0.005 1976.8 0.762 20.56 — 167.5 3.150 0.863 3.120 3.060 6556 ANNJOO 3.120 0.020 755.8 3.100 9.36 2.88 1,650.4 0.630 0.190 0.265 0.250 9342 ANZO 0.250 -0.010 10679.1 0.255 — — 79.8 1.050 0.825 — — 5568 APB 1.030 — — — — 6.31 116.3 4.150 3.300 4.070 3.980 5015 APM 3.990 -0.080 60.2 4.026 15.67 3.76 804.4 1.240 0.692 1.100 1.080 7214 ARANK 1.090 -0.010 567.8 1.088 7.64 2.75 130.8 1.210 0.602 1.180 1.160 7162 ASTINO 1.160 UNCH 1222.8 1.167 8.81 0.86 318.0 1.198 0.384 1.050 1.050 7099 ATTA 1.050 -0.010 10 1.050 20.79 5.53 98.6 1.620 0.370 0.375 0.375 7181 ATURMJU 0.375 UNCH 10 0.375 — — 22.9 2.550 1.393 — — 8133 BHIC 2.370 — — — 7.31 1.27 588.8 0.585 0.390 0.505 0.500 7005 BIG 0.500 UNCH 50 0.505 — — 24.0 0.505 0.095 0.470 0.460 7187 BKOON 0.470 0.005 864.5 0.464 — — 130.1 1.059 0.755 1.000 0.965 0168 BOILERM 0.995 0.035 1353.6 0.982 24.21 1.51 513.4 2.425 1.720 1.730 1.730 6297 BOXPAK 1.730 -0.010 6 1.730 — — 207.7 1.680 1.311 1.430 1.410 5100 BPPLAS 1.430 0.010 33 1.421 15.02 5.59 268.4 0.400 0.290 0.325 0.320 9938 BRIGHT 0.320 UNCH 260.4 0.323 — — 52.6 0.665 0.210 0.540 0.525 7221 BSLCORP 0.525 -0.015 325.5 0.532 6.99 — 51.5 0.365 0.195 0.300 0.295 7188 BTM 0.295 -0.005 392.9 0.295 89.39 — 37.0 4.052 3.133 3.300 3.270 5105 CANONE 3.280 UNCH 167.2 3.279 7.30 1.22 630.3 0.060 0.020 0.030 0.025 5229 CAP 0.025 UNCH 8194.4 0.025 — — 34.0 2.200 1.910 2.030 2.010 7076 CBIP 2.010 -0.010 141.7 2.025 10.38 2.99 1,081.9 1.549 0.782 1.530 1.490 2879 CCM 1.500 0.010 148.8 1.500 73.17 3.33 686.4 1.800 1.500 — — 8435 CEPCO 1.610 — — — 81.31 — 72.1 1.150 1.030 — — 8044 CFM 1.030 — — — — — 42.2 1.759 1.290 1.700 1.690 5007 CHINWEL 1.690 -0.010 476.2 1.699 9.45 4.73 506.2 2.300 1.343 2.130 2.100 5797 CHOOBEE 2.110 -0.010 299.2 2.118 9.30 1.90 231.9 1.100 0.680 — — 8052 CICB 0.980 — — — 37.69 — 46.3 0.075 0.045 0.060 0.060 7018 CME 0.060 UNCH 195.1 0.060 — — 26.5 4.628 3.122 4.500 4.410 2852 CMSB 4.500 0.090 371.4 4.493 28.55 1.40 4,834.7 0.540 0.145 — — 7986 CNASIA 0.450 — — — 0.88 — 20.4 1.608 1.241 1.300 1.290 5071 COASTAL 1.290 UNCH 134.5 1.296 19.08 1.55 685.8 0.990 0.650 0.835 0.815 7195 COMCORP 0.825 0.005 415.4 0.817 6.56 — 115.5 0.815 0.605 0.720 0.710 2127 COMFORT 0.710 -0.005 684 0.713 13.32 — 396.7 2.320 1.220 2.000 1.980 5094 CSCSTEL 1.990 UNCH 252 1.990 10.68 5.03 756.2 0.015 0.005 — — 0022 CYBERT 0.005 — — — — — 0.5 0.887 0.770 0.825 0.810 7157 CYL 0.810 UNCH 18.3 0.818 27.74 4.94 81.0 0.420 0.280 0.360 0.360 5082 CYMAO 0.360 UNCH 23 0.360 — — 27.0 2.640 2.035 2.640 2.590 8125 DAIBOCI 2.630 0.070 113.6 2.627 30.09 2.01 718.6 1.210 0.315 1.160 1.130 8176 DENKO 1.140 -0.010 257.5 1.148 105.56 — 119.1 0.330 0.215 0.285 0.280 7114 DNONCE 0.280 UNCH 994.9 0.281 — — 50.6 0.435 0.285 0.330 0.330 5835 DOLMITE 0.330 UNCH 160 0.330 17.10 — 90.0 0.430 0.300 — — 5835PA DOLMITE-PA 0.320 — — — — — 4.0 0.700 0.280 0.295 0.295 5265 DOLPHIN 0.295 UNCH 120.5 0.295 — — 65.5 1.270 1.036 1.230 1.210 7169 DOMINAN 1.230 0.010 40.1 1.217 13.11 4.07 203.0 1.720 0.764 1.720 1.630 1619 DRBHCOM 1.650 -0.030 15321.6 1.671 — 1.21 3,189.8 1.570 0.484 1.570 1.490 7233 DUFU 1.540 0.020 3042.2 1.534 10.02 2.92 270.2 0.985 0.810 0.860 0.855 8907 EG 0.855 -0.005 518 0.859 7.74 — 180.9 1.170 0.860 — — 9016 EKSONS 1.010 — — — — — 165.9 0.927 0.367 0.655 0.635 7217 EMETALL 0.645 0.015 1187.1 0.642 8.73 3.88 110.4 0.885 0.500 0.685 0.675 7773 EPMB 0.675 -0.030 76.2 0.682 — 1.48 112.0 0.465 0.385 0.400 0.390 0190 ESAFE 0.400 0.010 859.3 0.395 10.78 — 96.2 1.210 0.735 0.900 0.890 5101 EVERGRN 0.900 0.010 1268.1 0.895 10.15 2.22 761.8 1.005 0.630 0.730 0.715 7249 EWEIN 0.725 UNCH 637.1 0.722 13.92 0.69 180.9 1.300 0.972 1.200 1.190 2984 FACBIND 1.190 -0.010 42 1.200 24.64 2.10 101.3 2.840 2.270 2.810 2.760 7229 FAVCO 2.760 -0.030 313.6 2.767 8.17 5.43 611.1 0.800 0.457 0.695 0.680 0149 FIBON 0.680 -0.015 47 0.689 10.38 1.84 66.6 2.290 2.020 2.220 2.200 3107 FIMACOR 2.220 UNCH 9.6 2.219 9.09 5.63 544.5 2.419 1.368 1.720 1.710 5197 FLBHD 1.710 UNCH 755.3 1.713 9.20 8.77 176.5 1.500 1.340 — — 3611 GBH 1.340 — — — — — 250.0 2.470 1.300 2.350 2.240 7197 GESHEN 2.300 UNCH 276.8 2.272 12.43 — 184.0 0.085 0.040 0.060 0.045 5220 GLOTEC 0.055 -0.005 143441 0.052 — — 296.0 0.735 0.180 0.265 0.260 7192 GOODWAY 0.260 UNCH 163.1 0.263 — — 28.7 0.135 0.075 0.105 0.105 7096 GPA 0.105 -0.005 156.9 0.105 12.21 — 103.0 0.425 0.255 — — 5649 GPHAROS 0.340 — — — — — 45.7 0.272 0.196 0.235 0.225 0136 GREENYB 0.225 -0.010 294.8 0.228 160.71 2.67 75.1 0.145 0.085 0.115 0.110 7077 GSB 0.110 -0.005 490 0.115 — — 58.1 0.945 0.749 0.925 0.920 3247 GUH 0.925 UNCH 122.2 0.923 12.92 3.78 257.1 1.180 0.235 1.150 1.120 5151 HALEX 1.120 -0.040 971.3 1.132 — — 118.7 5.850 3.803 5.680 5.480 5168 HARTA 5.670 -0.020 1679.3 5.565 32.89 1.41 9,319.0 6.600 2.640 — — 7105 HCK 5.300 — — — 278.9 — 446.4 4.910 1.990 4.910 4.470 4324 HENGYUAN 4.830 0.420 2515.7 4.752 4.36 — 1,449.0 1.559 1.005 1.310 1.290 5095 HEVEA 1.290 UNCH 2776.4 1.296 7.36 5.50 693.6 1.180 0.791 1.180 1.130 3298 HEXZA 1.180 0.050 1963.1 1.160 8.00 3.81 236.4 0.475 0.180 0.310 0.305 5072 HIAPTEK 0.305 -0.005 1122.5 0.306 15.40 0.98 395.6 0.560 0.175 0.450 0.420 5199 HIBISCS 0.440 0.020 45788.9 0.440 2.82 — 635.3 1.276 0.840 — — 7033 HIGHTEC 1.040 — — — 8.90 3.37 42.2 1.160 0.700 1.080 1.080 8443 HIL 1.080 UNCH 25 1.080 18.21 1.39 301.0 0.405 0.270 — — 5165 HOKHENG 0.350 — — — 32.41 — 28.0 0.055 0.020 0.040 0.035 2739 HUAAN 0.040 0.005 150 0.038 — — 44.9 3.385 2.571 2.700 2.650 5000 HUMEIND 2.650 -0.040 53.1 2.683 49.72 0.75 1,269.6 0.075 0.045 0.065 0.060 9601 HWGB 0.060 UNCH 737 0.060 — — 59.9 0.890 0.730 0.810 0.800 9687 IDEALUBB 0.800 -0.005 48 0.807 7.08 — 88.4 2.147 1.863 — — 7222 IMASPRO 1.940 — — — 16.94 1.80 155.2 0.300 0.185 0.220 0.210 7183 IRETEX 0.215 UNCH 234 0.214 — — 29.6 0.100 0.055 0.075 0.075 7223 JADI 0.075 UNCH 120 0.075 — — 70.6 0.175 0.132 0.155 0.155 8648 JASKITA 0.155 UNCH 0.5 0.155 — 6.45 69.7 0.110 0.030 — — 2747 JAVA 0.035 — — — — — 6.1 1.115 0.892 1.080 1.060 7043 JMR 1.060 UNCH 222 1.063 145.21 — 134.4 1.760 0.840 1.730 1.690 7167 JOHOTIN 1.690 -0.030 1399.7 1.708 9.48 0.89 425.4 1.460 1.035 1.140 1.090 4383 JTIASA 1.100 -0.030 4798.9 1.108 26.57 1.18 1,071.1 0.310 0.160 0.300 0.285 0054 KARYON 0.285 UNCH 10656 0.291 25.00 — 135.6 1.187 0.690 — — 7199 KEINHIN 0.750 — — — 12.95 2.00 74.3 0.605 0.340 0.440 0.415 6211 KIALIM 0.415 -0.005 3 0.416 — — 25.7 3.130 2.770 3.000 2.970 3522 KIANJOO 2.990 UNCH 115.8 2.982 10.32 1.34 1,328.1 2.270 1.535 2.230 2.190 5371 KIMHIN 2.190 -0.030 131.4 2.198 10.26 2.74 340.8 0.085 0.025 0.070 0.060 5060 KINSTEL 0.070 0.025 24058.5 0.066 — — 73.5 1.700 1.090 1.360 1.360 9466 KKB 1.360 UNCH 4.4 1.360 — 2.94 350.6 0.480 0.280 0.310 0.285 7164 KNM 0.300 0.020 94056.4 0.301 — — 646.8 1.129 0.751 0.985 0.970 6971 KOBAY 0.970 -0.040 25 0.980 104.30 — 99.0 0.441 0.270 0.305 0.285 7017 KOMARK 0.300 0.010 1663.6 0.296 — — 37.4 7.015 5.620 6.350 6.250 7153 KOSSAN 6.330 0.010 68.7 6.295 24.23 1.74 4,047.8 0.735 0.345 0.690 0.680 7130 KPOWER 0.680 -0.015 7 0.689 — — 38.3 5.180 4.661 4.980 4.960 3476 KSENG 4.980 0.010 14 4.969 15.85 2.01 1,800.2 0.540 0.350 0.495 0.490 5192 KSSC 0.490 -0.005 40 0.494 12.34 3.06 47.0 0.680 0.295 0.595 0.535 8362 KYM 0.590 0.070 1360.8 0.570 137.21 — 88.4 8.456 6.300 6.430 6.320 3794 LAFMSIA 6.430 0.040 228.6 6.373 71.52 3.11 5,463.5 0.815 0.505 0.800 0.790 9326 LBALUM 0.795 UNCH 750.6 0.796 8.80 2.52 197.5 0.689 0.448 0.550 0.540 5092 LCTH 0.540 -0.010 883 0.541 13.71 4.63 194.4 0.760 0.407 0.740 0.730 5232 LEONFB 0.730 -0.010 916.5 0.731 8.18 2.05 226.3 0.305 0.100 0.300 0.290 8745 LEWEKO 0.300 0.005 1542.2 0.297 — — 96.6 0.080 0.020 0.065 0.055 2887 LIONDIV 0.060 0.005 3739.6 0.060 — — 83.5 1.070 0.275 1.070 1.000 4235 LIONIND 1.070 0.075 11314.4 1.043 — — 768.2 0.570 0.270 0.485 0.470 9881 LSTEEL 0.480 0.010 373.6 0.482 9.06 — 61.5 0.145 0.050 0.140 0.135 5068 LUSTER 0.140 UNCH 5009.5 0.139 — — 270.8 3.950 3.400 3.830 3.790 9199 LYSAGHT 3.790 -0.020 29.9 3.811 10.52 1.85 157.6 1.120 0.495 1.120 1.080 5098 MASTEEL 1.100 -0.010 1818.1 1.100 12.40 0.77 269.0 0.855 0.475 0.635 0.620 7029 MASTER 0.625 -0.010 280.5 0.626 11.14 1.60 34.1 1.140 0.757 1.100 1.050 5152 MBL 1.090 -0.010 329.2 1.077 8.50 3.67 100.3 0.903 0.618 — — 7004 MCEHLDG 0.780 — — — 134.48 1.92 34.6 0.660 0.290 0.350 0.335 3778 MELEWAR 0.335 -0.010 230.2 0.341 — — 75.6 0.755 0.485 0.755 0.755 5223 MENTIGA 0.755 UNCH 10.3 0.755 14.75 1.32 52.9 1.426 1.062 1.420 1.400 8192 MERCURY 1.400 UNCH 25 1.410 10.53 8.57 56.3 1.850 1.650 1.850 1.850 6149 METROD 1.850 0.070 10 1.850 17.40 3.24 222.0 2.670 0.776 2.140 2.080 5001 MIECO 2.110 -0.030 330.5 2.112 5.36 4.74 443.1 0.150 0.075 0.135 0.130 7219 MINETEC 0.130 UNCH 2551.9 0.130 — — 95.1 0.784 0.535 0.595 0.585 5576 MINHO 0.590 0.005 50.4 0.589 7.75 — 129.6 4.490 2.580 4.220 4.050 5916 MSC 4.150 0.100 311.4 4.171 15.49 1.93 415.0 2.190 1.400 1.750 1.630 3883 MUDA 1.740 0.110 571 1.704 28.25 1.72 530.8 1.200 0.400 0.935 0.915 5087 MYCRON 0.915 -0.010 1875.4 0.924 7.27 — 259.4 0.240 0.035 0.190 0.190 7002 NAKA 0.190 0.005 0.5 0.190 — — 10.5 0.420 0.190 0.210 0.205 5025 NWP 0.205 -0.005 349 0.205 — — 72.2 1.010 0.492 1.000 0.950 4944 NYLEX 0.980 0.020 2640.6 0.977 9.37 2.04 190.5 1.600 0.995 1.600 1.560 7140 OKA 1.590 0.050 953 1.586 11.21 3.46 258.9 1.150 0.865 1.020 1.000 5065 ORNA 1.020 0.010 35 1.014 9.74 2.94 76.8 0.095 0.055 0.080 0.075 7225 PA 0.080 UNCH 2339.5 0.079 — — 75.7 7.800 5.890 7.290 7.090 5183 PCHEM 7.270 0.040 12434.7 7.179 20.01 2.61 58,160.0 2.020 1.454 1.540 1.520 5271 PECCA 1.540 0.010 86 1.531 17.28 2.60 289.5 0.801 0.574 0.690 0.680 9997 PENSONI 0.685 UNCH 361.9 0.685 11.71 4.38 88.8 7.780 5.465 — — 5436 PERSTIM 7.700 — — — 14.59 5.19 764.6 22.127 18.100 18.800 18.540 6033 PETGAS 18.580 -0.020 681.8 18.577 21.14 3.34 36,764.8 8.950 3.510 8.800 8.360 3042 PETRONM 8.520 -0.100 636.4 8.595 9.68 2.58 2,300.4 2.703 1.630 2.500 2.430 7095 PIE 2.440 -0.060 531.3 2.455 25.82 0.98 937.1 1.880 1.030 1.830 1.830 7172 PMBTECH 1.830 -0.010 5 1.830 13.23 2.19 146.4 3.000 2.690 2.820 2.770 8869 PMETAL 2.780 -0.010 4318.3 2.791 21.01 1.67 10,368.7 0.575 0.450 — — 6637 PNEPCB 0.530 — — — 14.21 — 69.7 0.995 0.270 0.920 0.860 8117 POLY 0.875 -0.055 208.8 0.876 4.09 — 140.0 1.340 0.825 1.220 1.200 8273 PPHB 1.220 UNCH 122.7 1.206 8.12 — 134.1 0.365 0.250 — — 9458 PREMIER 0.275 — — — 196.4 — 92.7 1.200 0.510 1.200 1.160 9873 PRESTAR 1.190 0.050 3487.2 1.189 8.61 2.52 235.4 0.935 0.635 0.890 0.880 7168 PRG 0.890 -0.010 34.4 0.887 61.81 0.56 265.4 0.265 0.085 0.255 0.240 7123 PWORTH 0.245 -0.005 20052.9 0.246 122.50 — 176.1 1.510 1.100 1.200 1.200 7544 QUALITY 1.200 UNCH 11 1.200 — — 69.6 0.840 0.650 — — 7498 RALCO 0.680 — — — — — 28.5 6.020 5.320 — — 7765 RAPID 5.600 — — — — — 598.6 0.745 0.525 0.585 0.565 5256 REACH 0.580 0.025 12387 0.575 223.08 — 635.9 0.505 0.378 0.420 0.420 7232 RESINTC 0.420 UNCH 51.6 0.420 11.90 2.86 57.6 1.130 0.595 0.995 0.980 9741 ROHAS 0.990 0.010 505.5 0.991 16.07 — 395.9 0.844 0.715 0.800 0.800 7803 RUBEREX 0.800 -0.005 163.5 0.800 8.78 2.50 183.4

* 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 TUESDAY MAY 16, 2017 • THEEDGE FINANCIAL DAILY



4.400 3.604 4.230 4.210 5134 SAB 4.230 -0.070 4 4.215 15.77 1.18 579.2 7.980 4.880 6.960 6.900 9822 SAM 6.900 -0.060 130.6 6.944 16.44 2.17 868.6 1.015 0.841 — — 7811 SAPIND 0.980 — — — 11.63 6.12 71.3 1.454 1.010 1.090 1.070 5170 SCABLE 1.070 -0.010 272.8 1.081 17.74 2.80 339.2 4.350 2.683 4.290 4.260 7247 SCGM 4.280 -0.010 40.5 4.274 26.40 1.87 621.5 0.770 0.520 0.735 0.700 9237 SCIB 0.700 -0.015 40 0.710 32.41 — 51.5 8.990 5.921 8.720 8.630 4731 SCIENTX 8.700 -0.020 31.2 8.680 19.45 1.84 4,033.0 0.345 0.250 0.335 0.315 7239 SCNWOLF 0.330 0.010 1878.3 0.326 — — 28.9 0.525 0.135 0.345 0.340 7366 SCOMIEN 0.340 UNCH 79 0.341 — — 116.3 1.660 0.660 1.630 1.560 7073 SEACERA 1.560 -0.030 5214.2 1.596 81.25 1.92 370.1 0.250 0.140 0.185 0.180 5145 SEALINK 0.180 -0.005 70 0.182 — — 90.0 0.750 0.250 0.710 0.690 5163 SEB 0.695 -0.015 366.7 0.702 — — 55.6 0.820 0.395 0.820 0.710 5181 SIGGAS 0.795 0.095 4201.4 0.784 23.73 1.51 149.1 1.040 0.550 — — 7115 SKBSHUT 1.040 — — — 73.24 — 41.6 1.440 1.083 1.370 1.320 7155 SKPRES 1.360 0.050 7486.7 1.353 16.98 2.57 1,666.2 3.021 1.949 2.590 2.550 7248 SLP 2.590 0.030 24.6 2.561 25.19 1.74 640.6 0.740 0.585 — — 7132 SMISCOR 0.645 — — — — 3.88 28.9 1.800 0.900 1.730 1.670 5665 SSTEEL 1.680 -0.040 1001.6 1.683 — 1.79 713.2 0.370 0.065 0.260 0.245 7143 STONE 0.255 -0.005 130 0.249 — — 22.9 1.620 1.340 — — 6904 SUBUR 1.370 — — — — — 286.3 4.320 1.535 4.180 3.820 7207 SUCCESS 4.100 -0.010 157.2 4.014 12.97 1.22 503.0 3.650 1.866 3.550 3.500 7235 SUPERLN 3.500 -0.050 93.6 3.509 13.20 3.14 280.0 2.642 1.880 2.120 2.060 7106 SUPERMX 2.100 UNCH 2661.7 2.093 24.08 2.86 1,428.3 4.270 3.365 3.550 3.490 5012 TAANN 3.540 0.020 824.5 3.508 12.54 2.59 1,574.7 0.545 0.321 0.455 0.445 4022 TADMAX 0.445 -0.005 1435 0.449 — — 217.9 0.420 0.235 0.375 0.365 5149 TAS 0.375 UNCH 195.1 0.368 — — 67.5 14.658 12.135 12.900 12.860 4448 TASEK 12.880 -0.120 5.2 12.889 50.16 9.32 1,592.2 14.449 13.540 — — 4448P TASEK-PA 13.540 — — — — 5.17 4.5 0.290 0.090 0.240 0.215 5178 TATGIAP 0.240 0.025 2815.4 0.229 — — 37.2 0.700 0.290 0.620 0.615 7097 TAWIN 0.620 -0.005 87.5 0.619 — — 39.9 2.920 1.020 2.040 2.040 7439 TECGUAN 2.040 0.030 1 2.040 6.82 — 81.8 0.580 0.285 0.580 0.565 6378 TEKALA 0.565 UNCH 1288.9 0.571 — — 86.4 4.870 2.943 4.370 4.350 7034 TGUAN 4.370 UNCH 287.8 4.354 7.96 2.75 544.2 2.250 1.517 2.170 2.140 7374 TIENWAH 2.150 -0.010 95.8 2.152 5.16 5.58 311.2 0.800 0.560 0.705 0.700 7854 TIMWELL 0.700 -0.050 40.4 0.703 350.0 — 62.3 2.360 1.505 2.360 2.250 7285 TOMYPAK 2.300 0.020 479.4 2.314 17.32 3.30 382.9 3.600 1.812 3.580 3.430 5010 TONGHER 3.580 0.120 137.4 3.513 10.47 8.38 563.6 5.390 4.130 5.200 5.100 7113 TOPGLOV 5.200 0.020 2454.8 5.189 22.93 2.79 6,529.9 0.850 0.495 — — 7173 TOYOINK 0.780 — — — 30.23 — 83.5 0.270 0.145 0.205 0.205 4359 TURIYA 0.205 UNCH 30 0.205 — — 46.9 1.890 1.430 1.860 1.850 7100 UCHITEC 1.850 -0.010 394.5 1.858 13.84 7.03 820.8 6.712 3.310 4.830 4.710 7133 ULICORP 4.710 -0.050 5.3 4.826 21.98 2.55 683.9 1.425 1.064 1.240 1.240 7227 UMSNGB 1.240 -0.010 20 1.240 9.84 2.42 99.2 1.700 0.805 1.380 1.370 4995 VERSATL 1.380 0.020 274.8 1.374 — — 161.9 2.070 1.124 2.040 2.010 6963 VS 2.030 0.020 2848.4 2.020 23.94 2.13 2,421.1 0.940 0.631 0.905 0.880 5142 WASEONG 0.900 UNCH 649.3 0.898 — 0.56 697.4 0.485 0.290 0.405 0.405 7226 WATTA 0.405 -0.005 15 0.405 — — 34.2 2.050 1.402 2.040 2.010 7111 WEIDA 2.020 UNCH 269.5 2.017 9.27 1.49 269.3 2.466 1.738 2.210 2.180 7231 WELLCAL 2.180 -0.020 286.8 2.200 22.47 4.22 723.0 0.845 0.495 0.795 0.755 7050 WONG 0.795 0.025 181.6 0.762 — — 72.9 0.700 0.415 — — 7025 WOODLAN 0.660 — — — 12.74 — 26.4 2.287 1.882 2.000 1.990 5009 WTHORSE 2.000 UNCH 21.6 1.999 16.58 5.00 480.0 1.195 0.945 0.955 0.945 4243 WTK 0.950 -0.015 744.4 0.950 41.85 2.62 457.3 1.380 0.943 1.220 1.200 7245 WZSATU 1.210 UNCH 225.4 1.204 14.90 1.65 422.1 0.975 0.745 0.775 0.770 5048 YILAI 0.775 0.005 39.6 0.772 24.76 — 124.0 0.400 0.180 0.260 0.245 7020 YKGI 0.250 0.005 1060.8 0.257 — — 87.1 0.700 0.380 0.550 0.535 7014 YLI 0.550 -0.020 123.8 0.545 12.88 — 56.6CONSTRUCTION 0.750 0.280 — — 7007 ARK 0.700 — — — — — 34.1 1.190 0.592 1.140 1.110 7078 AZRB 1.110 -0.040 888.1 1.124 19.75 1.80 590.0 0.793 0.576 0.725 0.720 6173 BDB 0.720 -0.005 192.9 0.723 6.43 6.25 218.8 0.625 0.351 0.525 0.500 5190 BENALEC 0.520 0.020 6695.7 0.513 22.91 1.35 422.1 0.510 0.360 0.440 0.435 5932 BPURI 0.440 UNCH 307 0.440 97.78 — 115.0 0.975 0.790 0.905 0.895 8761 BREM 0.905 UNCH 237 0.900 42.89 — 312.7 1.060 0.858 0.995 0.975 8591 CRESBLD 0.990 -0.005 253 0.984 12.79 4.04 175.2 2.050 1.460 2.050 1.920 7528 DKLS 2.050 0.050 24.1 2.029 3.73 1.46 190.0 2.410 1.249 2.360 2.330 5253 ECONBHD 2.350 UNCH 1716.4 2.342 16.94 1.70 1,257.3 1.520 1.010 1.370 1.200 8877 EKOVEST 1.340 0.120 79150.5 1.293 12.59 0.90 2,866.5 0.955 0.482 0.935 0.905 7047 FAJAR 0.920 -0.005 11365.5 0.920 51.98 2.72 335.3 1.350 0.885 1.320 1.290 9261 GADANG 1.300 -0.010 3089.8 1.302 8.92 2.15 850.6 5.420 4.526 5.420 5.240 5398 GAMUDA 5.420 0.020 3829.7 5.386 20.69 2.21 13,190.3 1.380 0.815 1.320 1.300 5226 GBGAQRS 1.300 -0.010 976.2 1.307 22.41 — 508.2 0.890 0.710 0.830 0.820 5169 HOHUP 0.830 UNCH 482.1 0.826 4.40 — 311.1 1.869 1.580 1.750 1.720 6238 HSL 1.720 0.010 107.1 1.726 16.75 1.40 1,002.2 3.610 3.043 3.580 3.530 3336 IJM 3.550 0.010 4218.3 3.554 27.63 1.97 12,839.7 0.804 0.565 0.710 0.710 5268 IKHMAS 0.710 UNCH 1045.7 0.710 32.72 0.70 369.2 0.710 0.485 0.650 0.630 8834 IREKA 0.650 0.010 22 0.640 14.61 — 111.1 1.790 0.805 1.610 1.520 4723 JAKS 1.600 -0.010 4892 1.569 941.18 — 771.5 0.420 0.205 0.390 0.375 9083 JETSON 0.380 -0.005 489.4 0.382 — — 74.8 3.130 1.858 3.120 3.040 7161 KERJAYA 3.100 -0.010 452.1 3.077 8.46 1.29 1,596.2 2.420 1.675 2.320 2.290 5171 KIMLUN 2.300 -0.010 168.9 2.302 8.51 2.52 713.7 1.540 1.010 — — 9628 LEBTECH 1.510 — — — 274.55 — 206.1 1.240 0.644 0.850 0.850 5129 MELATI 0.850 UNCH 4 0.850 4.65 2.06 102.0 0.380 0.240 — — 5006 MERGE 0.310 — — — — — 20.8 1.470 1.150 1.390 1.370 9571 MITRA 1.370 UNCH 2145.3 1.379 7.70 3.65 917.9 1.240 0.565 1.220 1.160 7595 MLGLOBAL 1.180 0.030 1027.5 1.186 69.41 — 432.6 0.440 0.230 0.370 0.365 5924 MTDACPI 0.370 UNCH 91.3 0.369 — — 85.7 1.300 0.725 1.150 1.140 5085 MUDAJYA 1.140 -0.010 221.7 1.146 — — 629.8 2.990 2.074 2.900 2.860 5703 MUHIBAH 2.860 -0.040 368.8 2.876 12.91 1.92 1,378.8 0.735 0.322 0.690 0.675 8311 PESONA 0.675 -0.010 837.1 0.680 22.06 2.96 449.7 1.579 1.132 1.520 1.520 7055 PLB 1.520 0.060 3 1.520 — 0.66 138.7 1.329 1.000 1.080 1.060 5070 PRTASCO 1.070 0.010 605.3 1.069 10.08 5.61 454.4 0.215 0.095 0.195 0.190 7145 PSIPTEK 0.195 -0.005 2294.9 0.190 14.23 — 61.8 3.740 3.189 3.670 3.600 9598 PTARAS 3.670 0.060 224.4 3.623 18.12 5.45 604.5 1.050 0.405 0.990 0.910 5205 SENDAI 0.940 -0.050 7373.8 0.943 — 0.53 727.6 2.130 1.370 2.060 2.030 5263 SUNCON 2.050 UNCH 1462.8 2.049 21.44 2.44 2,650.4 0.415 0.300 0.340 0.335 9717 SYCAL 0.340 0.005 359.9 0.335 20.12 — 108.9 0.655 0.370 0.630 0.615 5054 TRC 0.615 -0.010 632.1 0.621 10.60 3.09 295.5 2.400 1.440 1.640 1.630 5622 TRIPLC 1.630 -0.020 10.9 1.630 5.04 — 111.6 0.770 0.430 0.750 0.720 5042 TSRCAP 0.740 0.015 527 0.731 12.19 — 129.1 0.145 0.079 0.135 0.130 7070 VIZIONE 0.130 -0.005 2396 0.133 50.00 — 113.7 1.680 0.890 1.650 1.630 3565 WCEHB 1.650 0.010 607.8 1.641 66.53 — 1,654.5 2.490 1.392 2.320 2.270 9679 WCT 2.290 0.040 8300.1 2.295 41.71 1.31 3,141.6 0.760 0.550 0.620 0.615 7028 ZECON 0.615 -0.005 45.5 0.620 1.46 — 73.3 0.215 0.100 0.160 0.150 2283 ZELAN 0.155 UNCH 2738.3 0.155 — — 131.0TRADING SERVICES 0.520 0.350 0.515 0.500 5238 AAX 0.505 0.005 74133.2 0.507 9.94 — 2,094.8 0.320 0.135 0.170 0.160 5166 AEGB 0.170 UNCH 747.4 0.165 — 58.82 69.7 3.000 2.110 2.390 2.350 6599 AEON 2.350 -0.040 607.6 2.367 41.37 1.28 3,299.4 0.245 0.160 0.205 0.190 7315 AHB 0.205 0.020 5618.9 0.200 20.71 — 32.8 3.570 2.092 3.570 3.510 5099 AIRASIA 3.560 0.080 8991.2 3.545 4.83 3.37 11,897.4 8.310 5.723 8.110 8.040 5014 AIRPORT 8.100 0.050 4351.1 8.085 302.2 1.05 13,439.5 0.385 0.185 0.300 0.290 5115 ALAM 0.290 UNCH 1267.4 0.294 — — 268.1 0.270 0.075 0.115 0.110 0159 AMEDIA 0.110 UNCH 386.7 0.111 — — 26.3 9.170 7.264 7.670 7.600 6351 AMWAY 7.670 0.020 50 7.643 23.07 2.61 1,260.8 2.378 2.103 2.260 2.260 7083 ANALABS 2.260 0.010 20 2.260 10.91 1.44 135.7 0.085 0.025 0.040 0.035 5194 APFT 0.035 -0.005 609 0.040 — — 19.2 0.840 0.500 0.785 0.765 5210 ARMADA 0.770 0.005 7240.1 0.773 — 1.06 4,517.0 0.220 0.100 0.195 0.190 1481 ASB 0.195 UNCH 7160.5 0.192 33.62 1.28 131.2 2.913 2.504 2.740 2.710 6399 ASTRO 2.740 UNCH 1213.6 2.731 22.83 4.74 14,274.1 5.093 4.584 4.830 4.830 7048 ATLAN 4.830 -0.020 1 4.830 22.47 4.66 1,225.1 1.170 0.639 1.170 1.090 7579 AWC 1.150 0.040 4683.9 1.147 13.01 1.30 305.8 5.933 4.110 5.370 5.260 6888 AXIATA 5.350 0.020 2298.6 5.346 93.21 3.18 48,010.8 0.510 0.230 0.500 0.480 5021 AYS 0.495 -0.010 6057.4 0.493 8.98 3.70 188.3 0.740 0.605 0.645 0.630 7251 BARAKAH 0.640 0.010 389.4 0.638 36.36 — 528.3 2.339 1.931 2.150 2.120 5248 BAUTO 2.130 -0.030 349.8 2.130 16.47 5.16 2,458.2 0.495 0.385 0.435 0.430 7241 BHS 0.430 UNCH 70 0.432 — — 197.1 0.280 0.170 0.240 0.230 6998 BINTAI 0.240 UNCH 395.8 0.236 — — 69.5 6.845 5.922 — — 5032 BIPORT 6.250 — — — 19.18 3.84 2,875.0 2.460 1.243 2.430 2.360 5275 BISON 2.420 0.030 274.7 2.416 40.95 — 750.4 0.410 0.306 0.370 0.355 3395 BJCORP 0.365 -0.005 9919.8 0.362 — — 1,797.1 1.969 1.215 1.700 1.670 5196 BJFOOD 1.670 -0.020 29.4 1.680 38.57 — 634.0 0.700 0.500 0.520 0.505 4219 BJLAND 0.515 0.005 363.7 0.514 — — 2,575.2 0.470 0.205 0.420 0.400 6025 BJMEDIA 0.410 0.010 133 0.410 — — 96.4 3.299 2.730 2.810 2.780 1562 BJTOTO 2.810 0.040 872.3 2.795 13.72 5.69 3,796.4 0.200 0.145 0.195 0.185 7036 BORNOIL 0.190 UNCH 95167.7 0.190 12.10 — 575.5 1.070 0.645 0.710 0.705 9474 BRAHIMS 0.710 0.005 147.3 0.706 — — 167.8 2.820 1.724 2.630 2.590 2771 BSTEAD 2.600 -0.030 784.2 2.604 15.17 6.18 5,270.2 0.470 0.280 0.330 0.315 5257 CARIMIN 0.320 0.010 518.3 0.319 800.0 — 74.8 1.990 1.300 1.820 1.810 5245 CARING 1.820 -0.010 18 1.816 34.40 0.82 396.2 3.545 2.480 2.610 2.520 2925 CCB 2.520 0.010 155.5 2.522 8.49 1.98 253.9 1.270 0.772 1.220 1.180 7117 CENTURY 1.190 0.010 1351.5 1.196 22.50 2.94 466.6 0.484 0.401 — — 7209 CHEETAH 0.420 — — — 53.85 1.79 53.6 1.490 0.754 1.440 1.400 5273 CHINHIN 1.420 -0.030 1407.1 1.416 17.47 2.46 718.4 0.570 0.385 0.555 0.545 7016 CHUAN 0.550 -0.010 193.9 0.550 9.29 — 92.8 0.100 0.065 0.085 0.080 5104 CNI 0.085 0.005 570.2 0.080 — 3.53 61.2 1.240 0.650 0.970 0.960 5136 COMPLET 0.965 -0.010 161.8 0.967 8.64 — 119.4 0.055 0.030 0.035 0.035 5037 COMPUGT 0.035 UNCH 690 0.035 — — 74.7 2.880 1.800 2.850 2.770 5184 CYPARK 2.780 -0.080 2743.5 2.786 13.20 1.87 703.2 1.860 0.769 1.860 1.770 5276 DANCO 1.830 UNCH 2011.3 1.813 18.43 1.64 272.7 0.105 0.050 0.085 0.080 0091 DAYA 0.080 UNCH 2329.5 0.080 — — 152.1 1.290 0.730 1.290 1.230 5141 DAYANG 1.230 -0.010 4208.6 1.257 19.77 — 1,186.7 1.163 0.796 0.995 0.980 5132 DELEUM 0.990 0.010 136.1 0.990 14.93 3.54 396.0 0.895 0.555 0.725 0.700 7212 DESTINI 0.725 0.020 2235.9 0.715 22.31 — 837.5 1.970 1.441 1.920 1.890 7277 DIALOG 1.920 UNCH 9404.9 1.904 30.67 1.15 10,591.6 6.670 3.604 5.020 4.950 5908 DKSH 5.000 UNCH 42.2 4.987 15.62 1.90 788.3 0.690 0.187 0.630 0.560 4456 DNEX 0.570 -0.055 148891 0.585 4.03 0.88 995.4 1.617 1.110 1.370 1.340 5216 DSONIC 1.340 -0.020 2671.1 1.349 28.45 1.87 1,809.0 0.300 0.175 0.215 0.205 2097 EASTLND 0.210 -0.005 1652.5 0.211 — — 51.6 1.169 0.445 0.595 0.580 5259 EATECH 0.595 0.020 392.9 0.585 34.20 3.78 299.9 0.370 0.200 — — 5036 EDARAN 0.305 — — — — — 18.3 0.250 0.165 0.235 0.225 7471 EDEN 0.235 0.005 749 0.230 — — 73.2 3.980 3.110 3.140 3.120 1368 EDGENTA 3.130 UNCH 72.2 3.130 32.33 2.24 2,603.0 0.590 0.220 0.400 0.380 0064 EFFICEN 0.385 -0.010 3588.3 0.390 — — 273.0

1.000 0.759 — — 5081 EIG 0.930 — — — 13.76 2.42 220.6 2.080 1.067 1.900 1.880 5208 EITA 1.880 UNCH 137 1.882 11.19 2.13 244.4 1.370 1.100 1.320 1.290 5056 ENGTEX 1.310 UNCH 3291.3 1.304 6.73 0.57 448.2 0.653 0.370 0.575 0.570 6939 FIAMMA 0.570 0.005 36 0.571 11.63 2.63 302.1 0.449 0.380 0.415 0.405 9318 FITTERS 0.405 -0.005 760.9 0.406 — 1.48 194.6 1.490 1.100 1.460 1.420 7210 FREIGHT 1.430 -0.010 98.9 1.433 12.31 3.50 266.2 0.270 0.125 0.250 0.245 0128 FRONTKN 0.245 UNCH 8980.5 0.249 12.76 — 258.1 0.290 0.150 0.220 0.215 9377 FSBM 0.220 0.015 10.4 0.215 — — 31.1 3.150 2.167 2.990 2.940 5209 GASMSIA 2.950 0.010 2341.6 2.949 22.61 4.36 3,787.8 3.280 1.491 2.870 2.820 0078 GDEX 2.820 -0.030 900.8 2.843 101.44 0.35 3,931.2 6.070 4.092 5.850 5.770 4715 GENM 5.800 UNCH 5182.7 5.800 11.39 1.59 34,440.7 10.000 7.494 9.960 9.860 3182 GENTING 9.960 0.070 7441.9 9.935 17.27 0.60 37,432.4 4.450 1.264 4.190 4.140 3204 GKENT 4.160 -0.020 444.2 4.166 15.41 1.88 1,562.1 0.555 0.300 0.550 0.540 7676 GUNUNG 0.545 -0.005 748.2 0.544 — — 128.7 3.980 1.617 3.870 3.830 7668 HAIO 3.870 UNCH 175.9 3.858 21.51 2.76 1,155.8 0.335 0.200 0.305 0.280 7253 HANDAL 0.300 0.015 866.5 0.300 — — 48.0 9.420 7.056 9.000 8.890 3034 HAPSENG 8.930 0.020 322.4 8.931 20.82 3.92 22,232.9 1.121 0.755 0.795 0.780 2062 HARBOUR 0.780 -0.010 142.5 0.782 6.51 2.56 312.3 4.240 2.860 4.190 4.160 5008 HARISON 4.160 -0.040 33.3 4.163 13.86 6.01 284.9 0.150 0.055 0.060 0.055 7013 HUBLINE 0.060 UNCH 3824.6 0.056 — — 48.4 0.480 0.295 0.325 0.310 5255 ICON 0.325 0.010 6917.6 0.318 — — 382.6 6.759 5.780 6.200 6.150 5225 IHH 6.170 UNCH 5392.2 6.176 82.93 0.49 50,817.7 0.920 0.725 0.830 0.830 5614 ILB 0.830 -0.010 10 0.830 24.56 3.01 161.9 1.000 0.740 — — 5673 IPMUDA 0.795 — — — — 3.77 57.6 2.190 1.340 1.920 1.880 0058 JCBNEXT 1.900 UNCH 44.5 1.891 23.40 1.05 266.0 0.310 0.230 0.300 0.290 8923 JIANKUN 0.290 UNCH 133.1 0.291 — — 48.4 0.430 0.295 — — 8672 KAMDAR 0.350 — — — 42.17 — 69.3 0.380 0.180 0.250 0.235 5079 KBES 0.235 UNCH 112 0.241 — — 29.6 1.950 1.690 1.880 1.860 6491 KFIMA 1.860 UNCH 221.7 1.869 8.60 4.84 525.0 0.750 0.236 0.725 0.700 0151 KGB 0.710 -0.010 1445.4 0.708 17.84 1.41 163.0 1.680 1.020 1.300 1.250 5035 KNUSFOR 1.300 0.050 51.1 1.253 — 1.54 129.5 4.300 3.822 4.180 4.140 5878 KPJ 4.150 -0.010 102.8 4.151 30.51 1.69 4,418.0 1.740 0.923 1.470 1.460 5843 KPS 1.470 UNCH 228.5 1.465 7.52 4.25 733.5 0.600 0.485 0.525 0.520 9121 KPSCB 0.520 -0.005 78.3 0.522 9.49 — 76.9 0.225 0.115 0.170 0.165 4847 KTB 0.170 UNCH 383.2 0.170 — — 68.5 0.640 0.286 0.605 0.585 6874 KUB 0.595 -0.005 2109.7 0.590 14.30 1.68 331.1 0.380 0.255 0.290 0.290 7170 LFECORP 0.290 UNCH 201 0.290 26.36 — 52.7 0.695 0.420 0.625 0.590 8486 LIONFIB 0.605 0.015 534.6 0.608 — — 140.1 1.870 1.334 1.870 1.810 5143 LUXCHEM 1.820 0.030 1533.5 1.835 9.90 3.85 508.0 2.421 2.051 2.120 2.090 3859 MAGNUM 2.100 -0.010 736.4 2.103 15.75 6.19 3,019.3 1.700 1.104 1.230 1.210 5264 MALAKOF 1.220 0.010 2594.7 1.219 2.49 5.74 6,100.0 0.185 0.145 0.165 0.165 3514 MARCO 0.165 UNCH 223.9 0.165 10.00 3.03 174.0 6.600 5.184 6.580 6.430 6012 MAXIS 6.570 UNCH 4001.5 6.569 24.69 3.04 49,343.5 0.955 0.675 0.815 0.800 5077 MAYBULK 0.810 0.010 610.8 0.808 — — 810.0 2.636 1.903 2.530 2.460 5983 MBMR 2.500 -0.040 5.5 2.465 14.78 2.40 977.2 1.471 1.000 1.140 1.080 4502 MEDIA 1.100 -0.030 3132.8 1.097 — 7.27 1,220.1 0.757 0.590 0.615 0.605 5090 MEDIAC 0.605 -0.005 692.3 0.610 2.66 7.07 1,020.8 1.070 0.550 1.000 0.980 7234 MESB 1.000 0.040 2 0.999 20.62 — 42.0 3.950 1.618 3.850 3.730 3069 MFCB 3.850 0.100 264.2 3.805 9.88 1.30 1,547.5 1.230 0.840 0.960 0.940 5186 MHB 0.955 -0.005 401.6 0.955 — — 1,528.0 7.690 6.845 7.570 7.400 3816 MISC 7.550 0.070 1329.2 7.506 12.55 3.58 33,701.6 2.650 1.940 2.530 2.500 2194 MMCCORP 2.520 -0.010 831.7 2.520 13.95 1.59 7,673.5 0.384 0.205 0.375 0.340 0059 MMODE 0.375 0.040 8477 0.358 — 1.60 61.0 0.100 0.060 0.075 0.070 0043 MTRONIC 0.070 -0.005 1200 0.073 — — 66.4 0.280 0.115 0.205 0.200 3891 MUIIND 0.200 -0.005 4214.3 0.202 — — 586.5 0.305 0.195 0.230 0.225 3905 MULPHA 0.225 -0.005 1563.8 0.226 27.44 — 719.1 2.370 1.385 2.330 2.270 0138 MYEG 2.300 0.010 8193.7 2.295 47.82 0.60 8,294.5 0.865 0.305 0.600 0.565 9806 NATWIDE 0.570 -0.030 993.2 0.570 — — 68.5 0.140 0.065 0.100 0.095 4464 NICORP 0.095 UNCH 1833.3 0.096 8.05 — 82.0 0.868 0.640 — — 5533 OCB 0.730 — — — 15.05 1.37 75.1 0.960 0.750 0.960 0.930 0172 OCK 0.950 0.030 6872.1 0.946 29.78 0.63 827.9 3.180 1.293 3.110 3.060 5201 OLDTOWN 3.080 -0.020 1414.8 3.086 19.94 1.95 1,426.8 0.210 0.070 0.150 0.145 3018 OLYMPIA 0.145 UNCH 5472.1 0.145 72.50 — 148.4 2.540 1.860 1.970 1.930 5260 OWG 1.930 -0.030 77.7 1.942 54.21 — 468.8 0.510 0.390 0.470 0.445 8419 PANSAR 0.460 0.015 627.7 0.457 16.08 4.35 128.8 0.665 0.435 0.640 0.625 5125 PANTECH 0.630 -0.010 627.4 0.630 15.07 2.46 466.1 0.885 0.610 0.650 0.635 5657 PARKSON 0.635 -0.010 1007.5 0.638 — — 694.6 1.280 1.022 1.270 1.260 5041 PBA 1.270 UNCH 125.6 1.270 6.81 3.15 420.7 0.135 0.055 0.065 0.065 6254 PDZ 0.065 UNCH 6571.9 0.065 — — 56.5 1.250 0.867 1.180 1.130 5133 PENERGY 1.180 UNCH 282.5 1.154 — 1.69 379.7 1.550 1.540 — — 7108 PERDANA 1.540 — — — — — 1,198.8 0.270 0.040 0.070 0.065 0047 PERISAI 0.070 0.005 18041.6 0.065 — — 88.3 0.290 0.115 0.225 0.215 7080 PERMAJU 0.225 0.010 271.1 0.220 — — 44.1 1.770 1.413 1.670 1.650 5219 PESTECH 1.660 UNCH 423.9 1.658 37.90 — 1,267.2 25.393 21.856 24.080 24.000 5681 PETDAG 24.060 0.060 207.5 24.050 26.22 2.91 23,902.5 0.250 0.030 — — 7027 PETONE 0.055 — — — — — 2.8 5.672 4.600 4.830 4.720 7081 PHARMA 4.720 -0.120 3.2 4.803 26.80 3.39 1,224.3 0.215 0.125 0.195 0.190 7201 PICORP 0.190 -0.005 1153 0.194 — 3.21 125.0 0.420 0.205 0.300 0.300 7163 PJBUMI 0.300 0.005 5 0.300 — — 15.0 5.740 2.364 5.700 5.610 4634 POS 5.700 0.090 548.2 5.664 40.14 2.05 4,461.8 2.530 1.690 2.360 2.330 5204 PRESBHD 2.350 UNCH 1148.3 2.349 127.72 1.28 1,137.4 2.590 1.640 — — 8346 PRKCORP 1.850 — — — — — 185.0 0.285 0.155 0.285 0.255 0186 PTRANS 0.285 0.030 45612.7 0.275 15.08 — 325.7 1.000 0.739 0.865 0.850 5272 RANHILL 0.850 UNCH 664 0.857 9.71 9.18 755.1 0.360 0.150 0.320 0.310 0037 RGB 0.310 -0.010 11378.9 0.312 16.40 1.94 414.2 0.430 0.315 — — 8885 RPB 0.340 — — — — — 291.9 0.730 0.545 0.665 0.650 8567 SALCON 0.660 -0.005 2788.2 0.659 — 3.03 447.3 1.160 0.308 0.980 0.935 5147 SAMCHEM 0.950 -0.025 833.5 0.951 15.73 3.42 258.4 0.315 0.105 0.255 0.250 9113 SANBUMI 0.250 UNCH 373.5 0.250 — — 56.6 2.420 1.936 2.360 2.300 0099 SCICOM 2.320 UNCH 218.8 2.316 17.92 3.88 824.7 0.215 0.090 0.180 0.170 7158 SCOMI 0.175 0.005 7533.6 0.174 — — 335.6 0.270 0.130 0.190 0.180 7045 SCOMIES 0.190 UNCH 335.3 0.185 — — 444.9 1.160 0.972 — — 7053 SEEHUP 1.000 — — — — 7.20 52.3 1.280 0.959 1.220 1.210 9792 SEG 1.220 UNCH 91 1.214 32.36 10.66 913.0 1.911 1.280 1.520 1.490 5250 SEM 1.500 0.010 129.6 1.502 33.56 1.53 1,850.1 2.100 1.284 1.960 1.910 5218 SENERGY 1.940 0.030 7421.7 1.941 55.27 0.52 11,624.8 2.130 1.510 2.130 2.050 5279 SERBADK 2.070 -0.010 4277.5 2.092 1.25 — 2,763.5 9.488 6.873 9.330 9.300 4197 SIME 9.330 UNCH 8315 9.323 19.98 2.89 63,451.8 0.930 0.660 — — 9431 SJC 0.680 — — — 45.95 1.47 27.6 1.380 1.200 1.360 1.290 5242 SOLID 1.290 -0.030 362.3 1.332 63.86 1.01 215.1 2.540 2.140 2.530 2.460 6084 STAR 2.470 -0.030 250.6 2.491 16.58 7.29 1,824.3 2.750 2.242 — — 9865 SUIWAH 2.660 — — — 15.06 1.32 162.3 0.120 0.045 0.070 0.060 1201 SUMATEC 0.065 UNCH 5886.6 0.065 — — 251.3 2.300 1.793 2.290 2.240 6521 SURIA 2.250 -0.030 665.4 2.251 9.72 3.11 648.4 0.355 0.245 0.295 0.285 5173 SYSCORP 0.285 -0.010 177.4 0.288 316.67 — 342.0 0.490 0.275 0.405 0.395 7228 T7GLOBAL 0.405 0.005 318 0.401 35.53 — 154.5 1.770 1.297 1.520 1.470 8524 TALIWRK 1.510 -0.020 8224.9 1.506 25.17 5.30 1,826.3 2.520 1.358 2.520 2.420 5140 TASCO 2.460 -0.040 311.2 2.472 15.57 1.83 492.0 14.666 13.000 14.000 13.880 5347 TENAGA 14.000 0.100 7302.8 13.922 10.84 2.79 79,226.2 1.582 1.370 1.460 1.440 8702 TEXCHEM 1.450 UNCH 37 1.448 54.51 13.79 179.9 0.240 0.060 0.085 0.075 7206 THHEAVY 0.075 UNCH 6564.9 0.078 — — 84.1 6.698 5.690 6.480 6.460 4863 TM 6.480 0.020 3873.5 6.472 31.44 3.32 24,351.4 0.990 0.770 0.910 0.900 0101 TMCLIFE 0.900 -0.010 766.7 0.903 76.27 0.13 1,562.2 1.870 1.192 1.730 1.680 8397 TNLOGIS 1.680 -0.050 1841.1 1.702 7.73 2.98 737.7 1.060 0.380 — — 7218 TOCEAN 0.800 — — — 39.22 — 32.8 1.000 0.760 0.915 0.825 5167 TURBO 0.895 -0.015 26.3 0.848 23.13 5.59 96.7 2.892 2.400 2.650 2.650 7137 UMS 2.650 -0.050 5 2.650 13.56 2.26 107.8 1.040 0.605 0.635 0.615 5243 UMWOG 0.620 0.010 13094.2 0.624 — — 1,340.4 1.330 1.006 1.180 1.150 7091 UNIMECH 1.150 UNCH 0.3 1.160 16.31 2.61 150.2 0.730 0.365 0.530 0.530 5754 UTUSAN 0.530 -0.015 24 0.530 — — 58.7 2.020 1.300 1.810 1.780 7250 UZMA 1.780 -0.030 175.7 1.792 13.18 — 517.9 0.845 0.600 0.790 0.780 7240 VOIR 0.780 -0.025 48 0.783 152.94 — 113.3 2.356 1.680 2.100 2.100 5016 WARISAN 2.100 0.120 3 2.100 — 1.90 141.1 0.510 0.410 — — 7692 WIDETEC 0.455 — — — 16.02 — 20.4 4.511 3.740 3.890 3.840 5246 WPRTS 3.890 0.020 2592.4 3.862 21.85 3.60 13,264.9 1.460 0.810 1.400 1.360 5267 XINHWA 1.380 0.020 375.9 1.380 27.44 0.91 298.1 0.075 0.020 0.055 0.055 7122 YFG 0.055 -0.005 632.2 0.055 — — 33.5 3.390 2.499 3.350 3.300 7293 YINSON 3.300 -0.040 149.8 3.318 18.47 0.61 3,606.2 1.715 1.460 1.510 1.490 4677 YTL 1.510 0.010 2743.9 1.503 20.24 6.29 16,474.9FINANCE 18.400 12.384 18.240 18.140 5139 AEONCR 18.200 0.160 200.1 18.191 10.43 3.46 2,620.8 2.949 2.018 2.930 2.880 5185 AFFIN 2.880 -0.020 200.4 2.895 9.92 2.60 5,595.7 4.490 3.517 4.490 4.360 2488 AFG 4.490 UNCH 359.4 4.459 13.05 3.34 6,951.0 12.060 9.492 12.060 11.700 1163 ALLIANZ 11.980 0.080 78.7 11.945 6.55 0.75 2,082.3 11.700 9.511 — — 1163PA ALLIANZ-PA 11.700 — — — — 0.92 1,024.2 5.700 3.855 5.500 5.410 1015 AMBANK 5.470 -0.050 7253.4 5.440 12.96 2.83 16,487.6 1.990 1.300 1.860 1.800 5088 APEX 1.800 UNCH 53 1.826 34.68 2.78 384.4 4.560 3.744 4.550 4.450 5258 BIMB 4.500 UNCH 223.1 4.502 12.77 2.89 7,369.8 10.380 8.057 10.180 10.000 1818 BURSA 10.080 -0.100 685.6 10.075 26.98 3.37 5,408.1 5.980 3.949 5.970 5.920 1023 CIMB 5.940 -0.010 7247.2 5.938 14.49 3.37 53,769.5 0.705 0.320 0.540 0.520 2143 ECM 0.535 UNCH 1188.2 0.528 37.41 — 153.3 1.250 1.111 1.200 1.190 5228 ELKDESA 1.200 0.010 37.1 1.191 11.05 5.63 291.8 14.280 12.501 14.280 14.020 5819 HLBANK 14.040 0.040 950.6 14.053 13.07 2.92 30,434.8 10.100 7.327 — — 5274 HLCAP 9.980 — — — 35.86 1.20 2,464.0 18.000 13.711 17.480 17.280 1082 HLFG 17.460 0.120 378.7 17.453 12.98 2.18 20,035.6 2.630 2.135 — — 6688 HWANG 2.610 — — — 19.13 1.15 666.0 0.965 0.627 0.930 0.910 3379 INSAS 0.930 0.015 1227.4 0.916 4.57 1.08 644.8 0.990 0.862 0.965 0.960 3379PA INSAS-PA 0.960 UNCH 12 0.962 — 4.17 127.3 0.395 0.115 0.300 0.270 3441 JOHAN 0.275 -0.025 6885.3 0.280 — — 171.3 0.660 0.430 0.660 0.645 6483 KENANGA 0.655 0.010 1811.5 0.652 27.18 — 473.3 18.840 14.533 18.840 18.260 8621 LPI 18.700 0.460 72.7 18.603 14.03 4.28 6,208.1 0.917 0.814 0.885 0.875 1198 MAA 0.885 UNCH 14.2 0.878 — 10.17 242.1 3.200 2.710 3.140 3.140 1058 MANULFE 3.140 0.020 5 3.140 13.68 3.34 635.4 9.410 7.250 9.400 9.360 1155 MAYBANK 9.380 UNCH 13071.1 9.382 13.88 5.54 96,255.3 1.360 0.685 1.360 1.310 1171 MBSB 1.330 0.030 25112.3 1.333 24.81 2.26 7,712.4 2.830 1.595 2.540 2.460 6459 MNRB 2.460 -0.010 215.2 2.471 27.70 — 786.2 1.830 1.160 1.770 1.750 5237 MPHBCAP 1.770 UNCH 382.4 1.758 22.93 — 1,265.6 1.330 1.204 1.320 1.320 6009 P&O 1.320 UNCH 61 1.320 24.00 7.20 324.7 20.580 18.180 20.000 19.940 1295 PBBANK 19.980 UNCH 1892.4 19.978 14.77 2.90 77,565.1 1.820 0.667 1.780 1.730 9296 RCECAP 1.750 UNCH 811.4 1.756 8.90 2.00 616.0 6.060 4.457 5.500 5.450 1066 RHBBANK 5.480 0.010 2034.6 5.479 12.57 2.19 21,975.1 0.695 0.435 0.680 0.665 4898 TA 0.670 UNCH 1139.3 0.673 10.15 2.54 1,147.0 4.245 3.691 4.000 3.970 6139 TAKAFUL 4.000 UNCH 1037.3 3.985 17.61 3.92 3,292.6 1.720 1.270 1.450 1.430 5230 TUNEPRO 1.430 UNCH 1457.5 1.438 13.44 3.64 1,075.0

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PROPERTIES 0.888 0.740 0.825 0.820 1007 AMPROP 0.820 -0.005 29 0.820 44.32 3.66 497.2 1.850 0.975 1.710 1.650 5959 A&M 1.710 UNCH 420.3 1.683 32.70 — 624.3 0.448 0.345 0.405 0.395 1007PA AMPROP-PA 0.405 0.010 23.1 0.400 — 4.94 117.9 0.230 0.145 0.190 0.180 4057 ASIAPAC 0.185 0.005 6756.9 0.184 3.13 — 183.6 0.550 0.415 0.470 0.465 6602 BCB 0.465 -0.010 33 0.467 8.52 — 191.8 0.665 0.440 — — 9814 BERTAM 0.485 — — — — — 100.3 1.250 0.710 1.250 1.220 3239 BJASSET 1.230 UNCH 1156.5 1.235 — 0.81 1,393.6 1.500 0.960 1.350 1.300 5738 CHHB 1.350 0.020 55.4 1.327 — — 372.2 1.740 1.394 1.680 1.680 6718 CRESNDO 1.680 0.010 13 1.680 6.68 2.98 471.2 1.730 1.201 — — 5049 CVIEW 1.700 — — — 6.28 8.82 170.0 2.376 2.073 2.280 2.270 5355 DAIMAN 2.270 0.010 20.1 2.271 18.90 2.20 481.7 1.040 0.505 0.720 0.665 3484 DBHD 0.720 0.070 832.3 0.697 — — 222.7 2.130 1.400 1.890 1.830 3417 E&O 1.890 0.060 736.4 1.869 100.53 1.06 2,385.8 0.320 0.240 0.290 0.285 3557 ECOFIRS 0.290 0.005 452.3 0.288 27.36 — 232.9 1.620 1.200 1.510 1.500 8206 ECOWLD 1.500 -0.010 1338.6 1.508 17.16 — 4,416.6 0.920 0.570 0.815 0.800 6076 ENCORP 0.805 0.010 146.7 0.808 7.90 — 224.3 2.950 1.825 — — 8613 ENRA 2.810 — — — 22.00 1.07 382.7 1.240 0.710 1.040 1.000 6815 EUPE 1.020 -0.010 234.7 1.009 — — 130.6 0.640 0.485 0.595 0.580 6041 FARLIM 0.595 UNCH 508.6 0.588 6.67 3.36 83.5 0.787 0.666 0.695 0.690 5020 GLOMAC 0.690 -0.005 110.6 0.695 3.77 5.07 502.2 0.535 0.370 0.490 0.480 9962 GMUTUAL 0.480 0.010 1690.9 0.482 7.77 4.17 180.3 0.503 0.290 0.415 0.395 1147 GOB 0.400 -0.010 3492.4 0.403 — 1.25 181.9 1.450 1.110 1.240 1.220 1503 GUOCO 1.230 UNCH 119 1.231 3.99 1.63 861.6 0.480 0.370 0.440 0.440 7010 HOOVER 0.440 0.005 2 0.440 — — 17.6 1.407 1.031 1.080 1.060 5062 HUAYANG 1.070 UNCH 170.5 1.071 5.19 1.87 376.6 0.670 0.472 0.635 0.620 4251 IBHD 0.625 -0.015 1798.3 0.627 9.51 2.08 628.2 1.050 0.845 0.845 0.845 5084 IBRACO 0.845 -0.005 0.1 0.845 15.48 4.14 419.5 2.990 2.217 2.950 2.910 1597 IGB 2.940 -0.010 116 2.943 13.17 3.40 4,012.5 2.379 1.850 2.170 2.150 5249 IOIPG 2.170 UNCH 2496.1 2.166 9.11 3.42 11,989.8 0.620 0.395 0.505 0.485 5175 IVORY 0.485 -0.020 1324.9 0.493 16.78 — 237.7 3.290 0.785 2.130 1.620 1589 IWCITY 2.130 0.490 201729 1.884 — — 1,760.3 0.176 0.105 0.115 0.110 6769 JKGLAND 0.110 -0.005 8922.5 0.115 12.64 2.09 250.2 0.085 0.040 0.070 0.065 3115 KBUNAI 0.070 -0.005 5977.7 0.070 140.0 — 404.4 1.000 0.820 — — 7323 KEN 0.940 — — — 6.08 2.66 180.2 1.330 0.995 1.250 1.220 5038 KSL 1.230 -0.010 735.8 1.233 3.99 — 1,276.1 0.337 0.230 0.270 0.255 3174 L&G 0.260 -0.010 17973.5 0.261 3.92 6.12 759.9 1.368 1.110 — — 8494 LBICAP 1.280 — — — 4.15 5.47 101.1 2.120 1.471 2.110 2.080 5789 LBS 2.090 UNCH 465.9 2.092 14.31 1.91 1,385.4 0.365 0.220 0.365 0.345 3573 LIENHOE 0.355 UNCH 776.1 0.354 — — 128.4 1.690 0.897 1.540 1.470 7617 MAGNA 1.530 0.030 359.2 1.517 2.06 3.92 512.1 1.700 1.340 1.550 1.520 8583 MAHSING 1.540 0.010 3211.1 1.532 11.43 4.22 3,710.5 1.890 0.551 1.650 1.540 6181 MALTON 1.540 -0.050 12601.8 1.604 18.10 1.62 798.2 2.750 2.250 2.750 2.680 5236 MATRIX 2.730 0.040 1230.8 2.703 8.69 5.27 1,568.2 1.650 1.000 1.580 1.510 7189 MBWORLD 1.580 0.070 321.7 1.577 9.15 — 151.1 1.220 0.750 — — 5182 MCT 1.030 — — — 18.90 — 1,374.8 0.535 0.445 0.480 0.455 5040 MEDAINC 0.470 0.010 101 0.470 — — 231.5 1.070 0.680 0.960 0.945 1694 MENANG 0.960 0.010 791.6 0.955 7.80 — 256.4 0.420 0.250 0.350 0.345 8141 MJPERAK 0.345 -0.010 85.3 0.349 93.24 6.20 88.7 2.614 1.866 2.490 2.440 6114 MKH 2.460 -0.020 316.2 2.468 5.79 2.75 1,362.9 0.360 0.270 0.320 0.315 8893 MKLAND 0.315 -0.005 560.7 0.319 21.72 9.52 380.3 0.220 0.085 0.200 0.125 6548 MPCORP 0.160 0.035 23.4 0.156 — — 46.0 1.800 1.020 1.780 1.700 1651 MRCB 1.720 -0.010 10904.5 1.749 13.18 1.45 3,743.1 1.080 0.610 0.780 0.780 9539 MUH 0.780 UNCH 2 0.780 — — 44.0 0.365 0.230 0.320 0.310 3913 MUIPROP 0.320 0.015 98.8 0.315 22.07 — 244.5 2.250 1.350 1.580 1.530 5073 NAIM 1.550 UNCH 186 1.552 500.0 — 387.5 3.216 2.446 2.510 2.450 5827 OIB 2.450 -0.050 19 2.481 9.48 3.27 354.9 1.660 1.346 1.620 1.590 5053 OSK 1.600 UNCH 408.3 1.601 8.96 4.69 2,244.6 1.910 1.263 1.900 1.900 1724 PARAMON 1.900 UNCH 160.5 1.900 10.69 4.47 806.2 0.650 0.365 0.610 0.590 6912 PASDEC 0.590 -0.020 590.6 0.596 — — 121.5 1.750 1.540 1.660 1.650 5075 PLENITU 1.660 0.010 50 1.652 13.11 2.71 633.3 0.365 0.225 — — 2208 PTGTIN 0.315 — — — 6.01 — 109.0 1.270 0.900 1.080 1.050 4596 SAPRES 1.080 0.010 111 1.069 1.80 2.78 150.8 0.775 0.665 0.720 0.720 5207 SBCCORP 0.720 UNCH 15 0.720 1800 0.64 169.1 0.968 0.785 0.910 0.910 2224 SDRED 0.910 -0.005 20 0.910 25.63 2.75 387.8 0.540 0.370 0.455 0.450 4286 SEAL 0.455 0.005 69 0.455 — — 110.5 3.026 2.820 2.960 2.920 6017 SHL 2.920 -0.040 36.3 2.925 9.34 6.85 707.0 0.295 0.130 0.270 0.255 4375 SMI 0.265 0.010 894.6 0.263 18.66 — 55.6 1.000 0.690 0.790 0.775 5213 SNTORIA 0.790 0.010 50.9 0.777 11.57 2.53 386.4 4.785 4.211 4.710 4.670 1783 SPB 4.700 0.030 33 4.687 12.67 2.55 1,615.0 3.770 2.755 3.650 3.610 8664 SPSETIA 3.630 UNCH 2898.2 3.627 5.29 4.59 10,361.0 1.520 0.815 1.460 1.440 3743 SUNSURIA 1.450 0.010 244.6 1.452 27.83 — 1,158.3 3.660 2.756 3.560 3.440 5211 SUNWAY 3.490 -0.070 2235.8 3.481 11.91 2.55 7,231.7 0.930 0.625 0.925 0.915 1538 SYMLIFE 0.925 0.005 326.4 0.919 9.31 2.16 286.8 0.395 0.215 0.355 0.340 5158 TAGB 0.350 -0.005 2355.9 0.346 11.82 1.14 1,862.6 7.220 6.020 7.000 7.000 2305 TAHPS 7.000 UNCH 1 7.000 26.25 0.71 524.0 0.060 0.035 0.045 0.040 2259 TALAMT 0.040 UNCH 433.9 0.042 — — 168.8 1.547 1.259 1.530 1.510 5191 TAMBUN 1.530 UNCH 1140.9 1.521 5.80 5.88 658.9 0.140 0.055 0.120 0.115 2429 TANCO 0.115 UNCH 1772.5 0.118 — — 75.9 0.315 0.170 0.260 0.260 7889 THRIVEN 0.260 -0.010 8.5 0.260 — — 97.9 0.085 0.040 0.070 0.060 7079 TIGER 0.070 0.005 18488.1 0.066 — — 99.3 1.930 1.360 1.720 1.640 5239 TITIJYA 1.640 0.010 2790.1 1.678 8.77 0.30 661.5 1.044 0.937 0.975 0.970 5401 TROP 0.970 -0.005 519.6 0.970 12.56 4.59 1,421.8 1.340 0.991 1.290 1.270 5148 UEMS 1.280 UNCH 1320.8 1.279 43.10 1.25 5,807.9 2.770 2.027 2.740 2.700 5200 UOADEV 2.740 UNCH 57 2.731 6.37 5.47 4,473.0 1.290 0.935 1.220 1.200 2976 WINGTM 1.210 -0.020 179.8 1.213 403.3 2.48 589.7 1.279 0.846 — — 7003 Y&G 1.020 — — — 12.17 — 203.4 1.840 1.440 1.560 1.510 3158 YNHPROP 1.520 -0.040 226 1.526 20.71 — 804.1 1.610 0.865 1.550 1.510 7066 YONGTAI 1.530 UNCH 1157.9 1.529 22.63 — 666.5 0.670 0.550 0.610 0.605 2577 YTLLAND 0.610 0.005 113.5 0.608 29.76 — 515.1MINING 1.290 1.150 1.250 1.250 2186 KUCHAI 1.250 UNCH 10.8 1.250 — 0.68 154.7PLANTATIONS 0.345 0.195 0.270 0.255 7054 AASIA 0.265 0.005 145.5 0.261 2650 — 174.9 19.740 17.072 18.800 18.740 1899 BKAWAN 18.760 -0.120 12.8 18.756 11.97 2.93 8,178.4 8.729 8.380 — — 5069 BLDPLNT 8.410 — — — 34.95 0.48 786.3 1.728 1.317 1.650 1.630 5254 BPLANT 1.640 0.010 1005.7 1.637 11.52 8.84 2,624.0 0.953 0.609 0.850 0.835 8982 CEPAT 0.845 0.005 332.7 0.838 12.34 1.78 269.1 8.240 7.253 — — 1929 CHINTEK 8.000 — — — 41.17 2.13 730.9 0.515 0.385 0.455 0.450 3948 DUTALND 0.450 -0.005 315.2 0.451 — — 380.8 9.160 7.339 9.010 9.010 5029 FAREAST 9.010 0.010 2 9.010 10.54 3.33 1,273.9 2.520 1.293 1.930 1.890 5222 FGV 1.920 0.010 6227.7 1.913 204.26 0.52 7,004.5 11.760 10.055 11.680 11.400 2291 GENP 11.660 UNCH 148.6 11.652 25.03 0.86 9,362.9 0.675 0.500 0.640 0.635 7382 GLBHD 0.640 0.010 35.3 0.636 2.12 — 142.7 1.580 1.140 1.300 1.300 2135 GOPENG 1.300 UNCH 18 1.300 52.42 3.08 233.1 0.930 0.790 0.850 0.810 7501 HARNLEN 0.830 UNCH 115.3 0.819 — — 153.9 2.650 2.157 2.590 2.590 5138 HSPLANT 2.590 UNCH 18.4 2.590 16.69 4.25 2,072.0 3.700 3.000 3.120 3.110 2216 IJMPLNT 3.120 0.020 27.5 3.110 35.90 1.60 2,747.4 0.750 0.665 — — 2607 INCKEN 0.700 — — — — 1.67 294.5 1.500 0.600 1.190 1.190 6262 INNO 1.190 UNCH 23 1.190 18.14 1.68 569.8 4.810 3.983 4.640 4.590 1961 IOICORP 4.640 UNCH 2471.1 4.631 39.83 1.94 29,982.8 25.131 22.139 24.920 24.800 2445 KLK 24.900 -0.020 1165.2 24.882 22.90 2.01 26,580.9 3.500 2.991 3.300 3.210 2453 KLUANG 3.210 UNCH 3.1 3.277 93.86 0.31 202.8 3.840 3.062 3.760 3.750 5027 KMLOONG 3.760 0.010 31.3 3.753 16.41 3.99 1,172.4 0.695 0.491 0.595 0.565 1996 KRETAM 0.575 -0.015 159.2 0.576 58.67 1.74 1,338.4 1.720 1.160 1.580 1.580 6572 KWANTAS 1.580 -0.020 12.5 1.580 26.96 — 492.5 1.650 1.290 1.290 1.290 4936 MALPAC 1.290 -0.090 2 1.290 — — 96.8 0.980 0.770 0.870 0.870 5026 MHC 0.870 -0.005 32 0.870 18.83 1.72 171.0 2.400 2.060 — — 5047 NPC 2.300 — — — 5.45 0.43 276.0 4.270 3.693 4.150 4.150 2038 NSOP 4.150 -0.010 1 4.150 33.60 1.45 291.3 0.315 0.190 0.260 0.255 1902 PINEPAC 0.260 UNCH 33 0.259 — — 38.9 1.380 0.920 1.200 1.160 9695 PLS 1.160 0.010 10 1.180 — — 379.0 0.550 0.470 0.485 0.480 5113 RSAWIT 0.480 -0.005 185.7 0.483 — — 680.9 4.100 3.346 3.970 3.970 2542 RVIEW 3.970 UNCH 4.3 3.970 19.15 1.51 257.5 3.180 2.900 — — 2569 SBAGAN 2.980 — — — — 0.67 197.7 0.720 0.505 0.650 0.600 4316 SHCHAN 0.650 -0.030 6.6 0.607 28.63 — 74.8 4.183 3.292 3.600 3.510 5126 SOP 3.580 0.060 131.1 3.556 12.78 1.40 2,043.4 2.060 1.590 1.600 1.600 5135 SWKPLNT 1.600 -0.010 3.5 1.600 20.15 — 448.0 0.815 0.641 0.680 0.675 2054 TDM 0.675 -0.010 564.3 0.679 50.37 1.78 1,016.2 1.207 0.998 1.150 1.110 5112 THPLANT 1.110 -0.040 415.6 1.123 6.67 5.41 981.1 2.050 1.740 1.780 1.750 9059 TSH 1.770 UNCH 1167.2 1.770 41.16 1.13 2,401.5 6.510 5.456 6.130 6.080 2593 UMCCA 6.130 -0.040 23.2 6.101 16.92 2.61 1,282.8 28.500 25.170 28.200 28.160 2089 UTDPLT 28.180 -0.020 65.8 28.198 16.86 1.42 5,865.2HOTELS 0.628 0.483 0.560 0.560 5592 GCE 0.560 -0.010 2 0.560 — 3.57 110.3 0.910 0.680 0.830 0.825 1643 LANDMRK 0.825 -0.015 52.6 0.828 — — 396.7 0.315 0.115 0.175 0.170 1287 PMHLDG 0.175 UNCH 621 0.170 — — 162.6 5.450 4.774 5.130 5.060 5517 SHANG 5.130 0.010 4 5.112 28.48 2.73 2,257.2TECHNOLOGY 0.780 0.585 0.650 0.650 7031 AMTEL 0.650 UNCH 1.3 0.650 31.25 — 32.0 0.420 0.180 0.400 0.360 5195 CENSOF 0.375 -0.020 7396.7 0.379 13.69 — 188.1 0.400 0.090 0.340 0.320 0051 CUSCAPI 0.320 -0.015 5875.9 0.330 — — 153.4 0.735 0.250 0.665 0.645 7204 D&O 0.655 UNCH 3498.6 0.656 56.96 — 653.2 0.710 0.110 0.460 0.440 8338 DATAPRP 0.450 -0.010 7046.8 0.448 — — 189.6 0.235 0.150 0.205 0.200 0029 DIGISTA 0.200 -0.005 1010 0.201 7.94 — 119.8 1.610 1.330 1.570 1.550 5162 ECS 1.570 0.010 121 1.561 9.41 3.82 282.6 2.480 1.093 2.400 2.340 0065 EFORCE 2.360 0.010 608.8 2.376 86.76 1.27 488.2 2.480 0.882 2.480 2.440 0090 ELSOFT 2.470 UNCH 138.2 2.462 21.59 1.62 676.2 1.870 0.780 1.550 1.480 0021 GHLSYS 1.500 -0.030 2167.5 1.507 53.76 0.33 986.1 0.455 0.210 0.425 0.410 0082 GPACKET 0.420 UNCH 9684.9 0.415 4.20 — 318.7 0.270 0.175 0.230 0.225 0056 GRANFLO 0.230 -0.005 244.6 0.227 — 2.17 111.1 5.910 2.658 5.910 5.760 7022 GTRONIC 5.890 0.130 672.8 5.875 62.20 0.68 1,667.7 0.960 0.510 0.840 0.835 5028 HTPADU 0.840 UNCH 145.4 0.838 13.10 5.95 85.0 2.200 1.241 2.200 2.150 0166 INARI 2.200 0.050 8817.1 2.174 24.53 2.07 4,368.5 0.435 0.075 0.310 0.295 9393 ITRONIC 0.300 -0.010 1536.6 0.302 — — 30.8 0.705 0.464 0.690 0.675 5161 JCY 0.680 -0.005 2342.5 0.680 — 7.35 1,412.2 13.540 3.976 13.540 13.440 9334 KESM 13.440 UNCH 23.9 13.488 16.23 0.22 578.1 0.185 0.060 0.140 0.135 0143 KEYASIC 0.135 -0.005 528 0.138 — — 114.9 13.100 6.834 13.100 12.800 3867 MPI 12.900 -0.100 221.8 12.901 13.87 2.09 2,707.5 1.400 0.845 1.180 1.180 5011 MSNIAGA 1.180 0.020 2 1.180 21.93 — 71.3 1.350 0.349 1.350 1.290 0083 NOTION 1.330 0.030 3608.6 1.332 39.70 1.32 438.7 0.605 0.430 0.535 0.520 9008 OMESTI 0.520 -0.005 1040.2 0.528 — — 223.8 0.375 0.210 0.320 0.310 0041 PANPAGE 0.320 0.005 3880.2 0.315 — — 85.0 3.550 0.660 3.500 3.420 7160 PENTA 3.450 -0.050 570.6 3.446 16.08 — 505.7

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)

0.545 0.250 0.485 0.470 9075 THETA 0.470 -0.010 218 0.479 30.13 — 50.4 0.215 0.035 0.145 0.135 0118 TRIVE 0.135 -0.010 14323.1 0.136 79.41 — 180.4 3.700 2.106 3.550 3.370 5005 UNISEM 3.390 -0.140 1396.4 3.444 14.42 3.24 2,487.7 6.310 3.443 6.280 6.030 0097 VITROX 6.170 -0.080 72.9 6.143 22.25 1.05 1,449.5 1.587 0.606 1.400 1.350 0008 WILLOW 1.380 UNCH 594.9 1.384 16.25 1.45 342.2INFRASTRUCTURE PROJECT COMPANIES 5.190 4.157 5.110 5.090 6947 DIGI 5.110 0.010 3834.3 5.103 24.72 4.01 39,730.3 6.130 4.935 5.880 5.800 6645 LITRAK 5.800 -0.060 647.4 5.850 13.43 4.31 3,053.9 1.270 0.880 0.975 0.960 6807 PUNCAK 0.975 -0.005 1236.2 0.966 — — 438.1 0.555 0.330 0.475 0.465 5078 SILKHLD 0.475 UNCH 1901.1 0.470 — — 333.2 9.650 6.750 8.900 8.740 5031 TIMECOM 8.790 -0.060 529.7 8.763 12.44 2.26 5,083.2 1.539 1.295 1.530 1.510 6742 YTLPOWR 1.530 UNCH 1768.1 1.525 13.34 6.54 12,458.8CLOSED-END FUNDS 2.630 2.250 2.630 2.580 5108 ICAP 2.630 0.060 295.7 2.611 5260 — 368.2EXCHANGE TRADED FUNDS 1.124 1.070 — — 0800EA ABFMY1 1.121 — — — — 5.07 1,480.2 1.935 1.605 1.895 1.895 0822EA CIMBA40 1.895 -0.005 0.1 1.895 — 3.46 2.6 1.520 1.080 1.435 1.435 0823EA CIMBC50 1.435 0.020 15 1.435 — — 14.0 1.840 1.680 — — 0820EA FBMKLCI-EA 1.835 — — — — 1.80 3.1 1.070 0.910 — — 0826EA METFAPA 1.045 — — — — — 19.9 0.952 0.857 0.940 0.940 0825EA METFSID 0.940 0.009 2 0.940 — 2.49 49.8 1.110 1.035 1.100 1.080 0821EA MYETFDJ 1.100 0.010 4.1 1.100 — 2.03 307.0 1.090 0.974 1.090 1.090 0824EA MYETFID 1.090 0.010 5 1.090 — 1.39 56.2REITS 1.073 0.940 0.945 0.945 4952 AHP 0.945 UNCH 8.5 0.945 112.5 4.76 207.9 1.659 1.415 — — 5116 ALAQAR 1.530 — — — 17.57 5.03 1,114.2 1.050 0.912 1.020 1.020 5269 ALSREIT 1.020 UNCH 1 1.020 12.67 5.88 591.6 0.828 0.680 0.775 0.760 5120 AMFIRST 0.765 UNCH 270.2 0.767 23.54 5.31 525.1 0.965 0.834 0.965 0.950 5127 ARREIT 0.960 0.005 772.3 0.959 9.11 6.29 550.3 1.160 0.986 1.160 1.120 5130 ATRIUM 1.160 0.020 2.2 1.124 24.84 5.56 141.3 1.726 1.463 1.640 1.630 5106 AXREIT 1.630 -0.020 134.1 1.638 15.04 5.12 1,801.4 1.720 1.353 1.480 1.470 5180 CMMT 1.470 -0.010 3509.9 1.471 17.86 5.73 2,990.9 1.650 1.401 1.560 1.550 5121 HEKTAR 1.550 -0.010 343.3 1.554 14.39 6.77 621.0 1.790 1.413 1.700 1.680 5227 IGBREIT 1.690 0.010 291.5 1.694 21.02 5.15 5,920.8 1.040 0.945 0.960 0.955 5280 KIPREIT 0.960 0.005 25.6 0.958 22.75 — 485.1 8.194 6.961 7.840 7.810 5235SS KLCC 7.820 UNCH 2674 7.820 15.94 4.56 14,117.7 1.350 1.047 1.330 1.300 5123 MQREIT 1.320 0.020 94.9 1.302 15.75 9.61 1,409.8 1.910 1.536 1.740 1.720 5212 PAVREIT 1.730 -0.010 3219.1 1.730 16.98 4.76 5,235.5 1.779 1.520 1.720 1.710 5176 SUNREIT 1.720 0.010 522.7 1.718 15.41 5.26 5,065.5 1.210 1.132 1.210 1.200 5111 TWRREIT 1.210 UNCH 40 1.210 16.81 5.73 339.4 1.850 1.506 1.770 1.760 5110 UOAREIT 1.770 -0.020 8 1.766 15.08 5.92 748.5 1.240 0.970 1.190 1.180 5109 YTLREIT 1.190 0.010 51 1.185 — 4.95 2,028.2SPAC 0.720 0.670 — — 5234 CLIQ 0.720 — — — — — 454.3 0.480 0.445 — — 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 0.299 0.195 0.265 0.260 0179 BIOHLDG 0.260 Unch 2334.3 0.261 18.06 — 208.9 0.320 0.200 0.265 0.250 0170 KANGER 0.260 Unch 1520.8 0.254 29.55 — 207.6 0.450 0.200 0.420 0.405 0148 SUNZEN 0.410 0.005 8167.5 0.412 — — 196.4 0.050 0.025 0.045 0.040 0095 XINGHE 0.045 Unch 3212.5 0.040 4.46 — 105.7INDUSTRIAL PRODUCTS 0.280 0.140 0.240 0.230 0105 ASIAPLY 0.240 Unch 2396.8 0.236 15.89 2.08 80.0 0.095 0.030 0.055 0.050 0072 AT 0.050 Unch 11669.4 0.052 — — 43.3 0.420 0.245 0.305 0.300 0163 CAREPLS 0.300 Unch 540 0.300 — 1.00 145.0 0.330 0.080 0.310 0.300 0102 CONNECT 0.310 0.005 4568.3 0.305 — — 92.5 0.642 0.390 0.450 0.435 0100 ESCERAM 0.440 Unch 604.1 0.441 11.20 1.36 90.4 0.455 0.250 0.275 0.270 0175 HHGROUP 0.270 -0.005 142 0.271 1350 — 83.3 0.145 0.065 0.120 0.110 0160 HHHCORP 0.115 -0.005 1084.6 0.115 41.07 — 38.3 0.315 0.150 0.295 0.275 0162 IJACOBS 0.285 Unch 4110.3 0.283 24.15 — 38.7 0.165 0.085 0.155 0.145 0024 JAG 0.150 0.005 36331.5 0.152 88.24 — 185.6 0.240 0.125 0.225 0.205 0025 LNGRES 0.225 0.020 6780.1 0.216 24.19 — 54.4 0.150 0.040 0.055 0.055 0070 MQTECH 0.055 Unch 555 0.055 — — 22.8 0.835 0.307 0.820 0.800 0049 OCNCASH 0.810 Unch 1579.2 0.809 17.76 0.86 180.6 0.600 0.130 0.540 0.515 0038 PTB 0.525 -0.030 227.2 0.525 68.18 — 79.0 0.190 0.060 0.085 0.080 0133 SANICHI 0.080 -0.005 2680.4 0.080 13.56 — 68.7 0.060 0.025 0.055 0.050 0109 SCBUILD 0.050 -0.005 3004.5 0.051 — — 43.9 0.220 0.110 0.190 0.180 0001 SCOMNET 0.190 Unch 1259.1 0.184 19.59 2.11 46.2 0.295 0.120 0.285 0.270 0028 SCOPE 0.275 -0.005 2109 0.279 44.35 — 152.8 0.290 0.110 0.195 0.185 0055 SERSOL 0.190 -0.005 1875.2 0.190 — — 40.9 0.595 0.180 0.595 0.575 0084 TECFAST 0.580 0.005 3884.4 0.588 30.53 0.86 99.2TECHNOLOGY 0.485 0.160 0.485 0.395 0018 ACCSOFT 0.425 0.015 391.8 0.413 — — 353.9 0.535 0.160 0.535 0.510 0181 AEMULUS 0.520 0.015 7614.1 0.523 — — 228.2 0.455 0.115 0.390 0.380 0119 APPASIA 0.380 -0.010 520.7 0.380 — — 109.1 0.450 0.155 0.325 0.325 0068 ASDION 0.325 -0.010 10 0.325 — — 37.8 1.190 0.710 0.830 0.825 0098 BAHVEST 0.825 Unch 74.5 0.828 — — 494.6 0.075 0.030 0.055 0.050 0152 DGB 0.050 -0.005 394.9 0.050 — — 24.5 0.075 0.020 0.060 0.050 0131 DGSB 0.055 Unch 834.8 0.055 34.38 — 74.6 0.120 0.050 0.105 0.095 0154 EAH 0.100 -0.005 8985.4 0.099 — — 149.1 0.290 0.160 0.185 0.180 0107 EDUSPEC 0.185 Unch 41.8 0.181 34.91 — 170.4 0.205 0.050 0.205 0.180 0116 FOCUS 0.205 0.025 19161.6 0.196 — — 159.3 0.955 0.815 0.910 0.885 0104 GENETEC 0.910 0.025 117.6 0.896 — — 32.0 0.775 0.440 0.740 0.700 0039 GFM 0.715 0.005 2060.7 0.715 29.18 — 306.1 0.075 0.030 0.060 0.055 0045 GNB 0.055 Unch 2971.8 0.057 — — 15.9 0.155 0.070 0.155 0.150 0074 GOCEAN 0.150 -0.005 1897.9 0.150 — — 39.5 0.100 0.040 0.075 0.065 0174 IDMENSN 0.075 0.005 1038.8 0.069 31.25 — 37.1 0.624 0.230 0.450 0.430 0023 IFCAMSC 0.435 0.020 20649.5 0.438 217.50 1.15 264.6 0.100 0.070 0.075 0.070 0094 INIX 0.070 Unch 1255.1 0.070 — — 17.7 0.240 0.100 0.210 0.190 0010 IRIS 0.200 0.005 88172.7 0.201 — — 449.4 1.020 0.450 1.020 0.950 0146 JFTECH 1.020 0.085 4251.2 0.991 66.67 0.98 128.5 5.080 0.535 4.780 4.650 0127 JHM 4.700 -0.060 216.2 4.682 28.48 — 581.5 0.270 0.130 0.250 0.230 0111 K1 0.250 0.020 6575.7 0.240 — — 129.8 0.115 0.025 0.045 0.040 0036 KGROUP 0.045 0.005 15094.3 0.042 — — 73.7 0.560 0.180 0.560 0.520 0176 KRONO 0.545 0.030 10731.5 0.545 18.29 — 147.4 0.325 0.045 0.090 0.085 0017 M3TECH 0.090 Unch 859.2 0.087 — — 52.8 0.300 0.065 0.245 0.235 0075 MEXTER 0.245 0.005 133.1 0.239 — — 49.2 0.610 0.420 0.480 0.470 0155 MGRC 0.480 0.025 13 0.476 61.54 — 49.7 1.770 0.930 1.030 1.000 0126 MICROLN 1.020 0.010 61.1 1.006 — — 170.7 0.695 0.409 0.695 0.660 0112 MIKROMB 0.695 0.045 8418.4 0.679 20.14 1.58 213.3 0.145 0.065 0.125 0.100 0085 MLAB 0.115 0.010 4936.1 0.110 63.89 — 21.5 0.070 0.040 0.060 0.055 0034 MMAG 0.055 -0.005 3899.5 0.055 — — 52.5 1.130 0.437 1.070 1.050 0113 MMSV 1.050 Unch 468.9 1.058 17.80 1.90 171.2 0.245 0.060 0.085 0.080 0103 MNC 0.080 -0.005 4931.2 0.084 32.00 — 34.8 0.310 0.145 0.245 0.240 0156 MPAY 0.240 Unch 4915 0.244 — — 170.5 0.290 0.130 0.290 0.270 0092 MTOUCHE 0.285 0.005 2177.5 0.284 89.06 — 36.3 0.919 0.625 0.780 0.750 0108 N2N 0.780 0.005 107.1 0.763 31.58 2.56 371.6 0.110 0.015 0.090 0.075 0020 NETX 0.085 Unch 135672 0.082 — — 106.3 0.065 0.035 0.050 0.045 0096 NEXGRAM 0.045 Unch 1928 0.045 — — 84.7 0.125 0.075 0.095 0.090 0026 NOVAMSC 0.090 Unch 1648 0.090 — — 61.5 0.722 0.555 0.665 0.650 0035 OPCOM 0.655 0.010 1622.3 0.660 17.28 3.05 105.6 0.414 0.263 0.360 0.355 0040 OPENSYS 0.360 Unch 1338.7 0.358 18.00 2.78 107.2 0.485 0.140 0.420 0.390 0079 ORION 0.420 0.030 18565.4 0.408 — — 55.9 0.095 0.045 0.070 0.070 0005 PALETTE 0.070 Unch 627 0.070 13.73 — 22.4 0.230 0.135 0.190 0.180 0123 PRIVA 0.190 Unch 4113.8 0.185 633.33 1.05 106.1 0.175 0.055 0.140 0.135 0007 PUC 0.135 Unch 3147.5 0.139 50.00 — 158.1 0.890 0.477 0.845 0.835 0106 REXIT 0.835 -0.010 298.7 0.838 21.30 4.79 158.1 0.377 0.218 0.340 0.325 0178 SEDANIA 0.325 -0.015 761.3 0.334 — 3.08 65.0 0.190 0.055 0.145 0.125 0060 SKH 0.130 -0.015 39995.3 0.132 — — 72.1 0.300 0.155 0.260 0.245 0117 SMRT 0.250 -0.005 1884.4 0.252 — — 78.8 0.110 0.025 0.075 0.070 0169 SMTRACK 0.075 Unch 4402.4 0.070 — — 26.0 0.355 0.232 0.345 0.340 0093 SOLUTN 0.340 0.005 1050.1 0.343 12.73 2.94 104.1 0.360 0.080 0.230 0.215 0129 SRIDGE 0.215 -0.005 8060.2 0.225 — — 26.0 0.340 0.140 0.325 0.310 0050 SYSTECH 0.320 0.015 6752.9 0.318 41.56 9.38 101.5 0.190 0.115 0.165 0.160 0132 TDEX 0.160 Unch 565.6 0.160 114.29 — 66.1 0.830 0.189 0.775 0.750 0120 VIS 0.755 -0.010 919.2 0.761 16.13 0.66 83.6 0.291 0.145 0.155 0.145 0069 VIVOCOM 0.145 -0.005 12213.3 0.149 9.01 — 469.0 0.145 0.065 0.110 0.105 0066 VSOLAR 0.105 -0.005 1017.4 0.108 — — 35.0 0.070 0.020 — — 0141 WINTONI 0.035 — — — — — 18.0 0.195 0.080 0.185 0.170 0086 YGL 0.175 Unch 1265.7 0.177 — — 33.9TRADING SERVICES 0.400 0.150 0.290 0.230 0122 AIM 0.290 Unch 32.1 0.240 — — 77.2 0.165 0.060 0.125 0.120 0048 ANCOMLB 0.125 Unch 553.7 0.125 — — 59.2 0.080 0.035 0.065 0.055 0150 ASIABIO 0.060 Unch 23992 0.060 — — 69.4 0.275 0.155 0.235 0.220 0187 BCMALL 0.230 0.005 8696.2 0.230 37.10 — 96.9 0.415 0.236 0.405 0.400 0011 BTECH 0.405 0.005 10 0.404 20.88 3.36 102.1 0.320 0.170 — — 0157 FOCUSP 0.280 — — — — — 46.2 1.009 0.386 0.970 0.945 0185 HSSEB 0.945 -0.010 1890.9 0.958 19.01 0.67 301.5 0.900 0.510 0.760 0.750 0147 INNITY 0.760 0.010 30 0.757 24.28 — 105.2 0.360 0.235 0.285 0.280 0180 KTC 0.285 Unch 835.6 0.283 118.75 — 145.4 0.250 0.130 0.245 0.230 0167 MCLEAN 0.245 0.010 1138.5 0.233 51.04 — 43.8 0.480 0.315 0.400 0.385 0081 MEGASUN 0.385 0.005 170 0.395 17.19 — 83.6 0.280 0.165 0.205 0.200 0153 OVERSEA 0.205 Unch 334.2 0.200 — 1.46 50.5 0.181 0.115 0.135 0.125 0177 PASUKGB 0.130 Unch 7998.8 0.131 260.00 — 105.5 0.380 0.230 0.380 0.325 0006 PINEAPP 0.325 -0.025 16.5 0.326 — — 15.8 0.335 0.201 0.335 0.315 0171 PLABS 0.330 0.020 9056.1 0.324 20.37 2.12 68.2 0.015 0.005 — — 0110 RA 0.005 — — — 50.00 — 4.8 0.370 0.160 0.225 0.220 0080 RAYA 0.220 Unch 91.1 0.220 733.3 — 36.1 0.615 0.280 0.525 0.490 0032 REDTONE 0.515 -0.005 982.5 0.507 — — 390.2 1.080 0.298 0.770 0.720 0173 REV 0.755 0.015 2094.5 0.749 17.20 — 101.7 2.240 1.610 2.220 2.160 0158 SCC 2.180 -0.020 34.6 2.178 13.77 4.59 93.3 0.275 0.135 0.255 0.250 0161 SCH 0.255 Unch 1178.2 0.252 141.67 3.33 105.1 0.230 0.100 0.185 0.175 0140 STERPRO 0.185 Unch 2767.3 0.178 — — 51.7 1.490 0.955 1.310 1.300 0089 TEXCYCL 1.300 Unch 188.5 1.300 14.46 0.58 222.0 0.200 0.100 0.200 0.175 0145 TFP 0.175 -0.010 393 0.187 — — 35.9 0.175 0.095 0.135 0.125 0165 XOX 0.130 Unch 15281.7 0.128 — — 110.7FINANCE 0.579 0.381 0.520 0.515 0053 OSKVI 0.520 Unch 110.2 0.519 12.29 3.85 102.8

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

TUESDAY MAY 16, 2017 • THEEDGE FINANCIAL DAILY 2 8

Bursa Malaysia Equity Derivatives

0.200 0.030 0.085 0.080 5238C1 AAX-C1 0.085 0.005 5782.4 0.505 0.350 2.97 10/07/2017 0.095 0.015 0.030 0.030 5238C2 AAX-C2 0.030 -0.005 40 0.505 0.500 4.95 31/05/2017 0.160 0.080 0.150 0.150 5238C4 AAX-C4 0.150 -0.005 200 0.505 0.385 5.94 28/08/2017 0.125 0.075 0.115 0.115 5238C5 AAX-C5 0.115 Unch 60 0.505 0.535 21.13 28/08/2017 0.155 0.080 0.150 0.145 5238C6 AAX-C6 0.150 0.005 100 0.505 0.380 4.95 16/08/2017 0.150 0.075 0.145 0.135 5238C7 AAX-C7 0.145 0.015 11354.8 0.505 0.430 13.86 31/10/2017 0.135 0.035 0.120 0.105 5238CY AAX-CY 0.110 0.005 3634 0.505 0.400 0.99 06/06/2017 0.340 0.160 0.295 0.280 5238WA AAX-WA 0.290 0.005 14068 0.505 0.460 48.51 08/06/2020 0.165 0.045 0.070 0.065 6599CH AEON-CH 0.065 -0.005 742.3 2.350 2.520 14.15 18/09/2017 0.290 0.110 0.275 0.270 5139CB AEONCR-CB 0.270 0.010 226.5 18.200 16.500 5.49 16/10/2017 0.465 0.080 0.410 0.400 5185CU AFFIN-CU 0.400 -0.045 40 2.880 2.300 0.69 06/06/2017 0.315 0.125 0.290 0.290 5185CW AFFIN-CW 0.290 0.005 220 2.880 2.400 3.47 31/07/2017 0.150 0.050 0.100 0.090 7315WB AHB-WB 0.100 0.010 2053.2 0.205 0.200 46.34 28/08/2019 0.190 0.040 0.130 0.125 509941 AIRASIAC41 0.130 0.010 783 3.560 3.300 3.65 06/06/2017 0.210 0.080 0.210 0.210 509945 AIRASIAC45 0.210 0.015 32.5 3.560 2.900 -0.84 31/05/2017 0.325 0.110 0.325 0.320 509946 AIRASIAC46 0.320 0.005 40 3.560 2.500 -2.81 31/05/2017 0.320 0.070 0.320 0.300 509947 AIRASIAC47 0.320 0.035 2710.1 3.560 2.600 0.00 31/10/2017 0.460 0.185 0.460 0.440 509949 AIRASIAC49 0.455 0.015 566.5 3.560 2.150 -1.26 31/07/2017 0.210 0.120 0.210 0.200 509950 AIRASIAC50 0.210 0.030 100 3.560 2.850 9.55 29/12/2017 0.370 0.215 0.370 0.370 509951 AIRASIAC51 0.370 0.010 30 3.560 2.600 4.21 31/10/2017 0.235 0.145 0.235 0.225 509952 AIRASIAC52 0.230 0.015 869.4 3.560 3.200 9.27 31/10/2017 0.200 0.090 0.200 0.195 509953 AIRASIAC53 0.195 0.010 432.7 3.560 3.200 6.32 31/01/2018 0.175 0.125 0.175 0.165 509954 AIRASIAC54 0.170 0.015 807.8 3.560 3.600 14.02 31/10/2017 0.275 0.130 0.255 0.255 5014CS AIRPORT-CS 0.255 -0.005 80 8.100 7.350 4.91 31/01/2018 0.420 0.160 0.345 0.335 7609WA AJIYA-WA 0.340 -0.005 1211.2 0.855 0.920 47.37 28/08/2021 0.610 0.085 0.505 0.505 1015CX AMBANK-CX 0.505 -0.040 38 5.470 4.150 -1.05 29/09/2017 0.440 0.305 0.360 0.360 1015CY AMBANK-CY 0.360 -0.030 102 5.470 5.000 7.86 31/10/2017 0.085 0.080 0.085 0.080 1015CZ AMBANK-CZ 0.085 -0.065 2970.6 5.470 6.000 18.24 30/11/2017 0.045 0.005 0.020 0.015 0159WA AMEDIA-WA 0.015 Unch 696 0.110 1.100 913.64 02/01/2018 0.250 0.140 0.215 0.200 6556CC ANNJOO-CC 0.215 0.010 1665.4 3.120 2.800 13.86 31/10/2017 0.180 0.165 0.180 0.170 6556CD ANNJOO-CD 0.180 0.005 435.1 3.120 3.000 16.35 08/12/2017 0.275 0.040 0.125 0.115 9342WA ANZO-WA 0.115 -0.010 866.3 0.250 0.250 46.00 19/11/2019 0.265 0.045 0.120 0.115 9342WB ANZO-WB 0.115 -0.005 368 0.250 0.250 46.00 25/08/2023 0.035 0.015 0.020 0.015 5194WA APFT-WA 0.015 Unch 1670 0.035 0.400 1,086 13/07/2018 0.335 0.065 0.280 0.265 0119WA APPASIA-WA 0.265 -0.010 2146.8 0.380 0.130 3.95 23/12/2024 0.150 0.030 0.100 0.100 521020 ARMADA-C20 0.100 Unch 515 0.770 0.675 0.65 18/05/2017 0.110 0.050 0.075 0.075 521023 ARMADA-C23 0.075 Unch 200 0.770 0.700 5.52 31/07/2017 0.100 0.065 0.070 0.070 521026 ARMADA-C26 0.070 0.005 645 0.770 0.880 24.29 31/10/2017 0.350 0.060 0.150 0.135 0068WB ASDION-WB 0.145 -0.005 1476.3 0.325 0.500 98.46 24/03/2019 0.030 0.015 0.025 0.025 0150WA ASIABIO-WA 0.025 Unch 1721 0.060 0.100 108.33 19/04/2024 0.175 0.055 0.135 0.135 0105WA ASIAPLY-WA 0.135 Unch 628 0.240 0.100 -2.08 13/12/2020 0.210 0.125 0.130 0.130 6399C1 ASTRO-C1 0.130 -0.005 4.7 2.740 2.600 4.38 30/11/2017 0.300 0.095 0.210 0.210 7099WB ATTA-WB 0.210 -0.010 12.4 1.050 1.000 15.24 09/05/2022 0.035 0.010 0.025 0.020 0072WA AT-WA 0.020 -0.005 359.7 0.050 0.090 120.00 28/01/2019 0.040 0.020 0.040 0.035 0072WB AT-WB 0.035 -0.005 2060 0.050 0.030 30.00 17/10/2019 0.260 0.070 0.260 0.260 688815 AXIATA-C15 0.260 0.005 20 5.350 4.650 1.50 31/10/2017 0.730 0.210 0.655 0.630 7078WA AZRB-WA 0.640 -0.015 853 1.110 0.700 20.72 13/05/2024 0.095 0.045 0.045 0.045 5248CQ BAUTO-CQ 0.045 -0.020 1600 2.130 2.300 13.26 22/08/2017 0.120 0.060 0.105 0.095 5248CR BAUTO-CR 0.100 -0.005 277.8 2.130 2.100 7.98 29/12/2017 0.170 0.120 0.135 0.135 7241WA BHS-WA 0.135 Unch 175 0.430 0.600 70.93 18/10/2020 0.450 0.260 0.405 0.400 5258WA BIMB-WA 0.400 -0.005 1342.9 4.500 4.720 13.78 04/12/2023 0.155 0.070 0.125 0.125 6998WA BINTAI-WA 0.125 Unch 180 0.240 0.200 35.42 15/06/2020 0.230 0.095 0.190 0.185 0179WA BIOHLDG-WA 0.190 Unch 2971.8 0.260 0.220 57.69 05/01/2022 0.330 0.080 0.330 0.300 3239WA BJASSET-WA 0.300 -0.010 30 1.230 1.000 5.69 16/03/2018 0.075 0.025 0.035 0.030 3395C3 BJCORP-C3 0.030 -0.005 1180 0.365 0.400 17.81 30/08/2017 0.160 0.060 0.120 0.110 3395WB BJCORP-WB 0.115 -0.010 1341 0.365 1.000 205.48 22/04/2022 0.175 0.050 0.145 0.135 3395WC BJCORP-WC 0.135 -0.010 4569.6 0.365 1.000 210.96 29/05/2026 0.370 0.035 0.315 0.310 7187WA BKOON-WA 0.310 -0.010 2073.5 0.470 0.200 8.51 07/07/2023 0.145 0.065 0.090 0.085 7036WB BORNOIL-WB 0.085 Unch 1283.8 0.190 0.100 -2.63 28/02/2018 0.125 0.080 0.095 0.085 7036WC BORNOIL-WC 0.090 0.005 70433.5 0.190 0.100 0.00 08/11/2025 0.135 0.040 0.095 0.090 7188WA BTM-WA 0.095 Unch 160.1 0.295 0.940 250.85 20/12/2019 0.235 0.080 0.185 0.180 7188WB BTM-WB 0.180 -0.005 20 0.295 0.200 28.81 23/10/2024 0.305 0.060 0.255 0.235 181811 BURSA-C11 0.235 -0.015 513.5 10.080 8.900 -0.05 30/11/2017 2.550 0.950 2.310 2.150 7174WA CAB-WA 2.170 -0.150 1600.9 2.770 0.550 -1.81 08/02/2020 0.475 0.290 0.360 0.340 7076WA CBIP-WA 0.360 0.010 10 2.010 2.400 37.31 06/11/2019 0.150 0.015 0.060 0.050 5195WA CENSOF-WA 0.050 -0.015 2235.8 0.375 0.460 36.00 18/07/2017 0.220 0.045 0.190 0.160 5195WB CENSOF-WB 0.175 -0.010 5592.1 0.375 0.460 69.33 07/10/2019 0.170 0.100 0.160 0.155 102321 CIMB-C21 0.155 -0.005 350 5.940 6.200 13.51 31/10/2017 0.180 0.150 0.175 0.175 102322 CIMB-C22 0.175 Unch 10 5.940 5.700 7.74 24/11/2017 0.200 0.040 0.190 0.185 0102WA CONNECT-WA 0.190 0.005 289 0.310 0.100 -6.45 17/09/2021 0.200 0.035 0.185 0.185 0102WB CONNECT-WB 0.185 Unch 119 0.310 0.100 -8.06 07/06/2021 0.250 0.025 0.210 0.195 0051WA CUSCAPI-WA 0.195 -0.010 3314 0.320 0.270 45.31 24/04/2018 0.035 0.005 0.020 0.015 7179WB DBE-WB 0.015 Unch 2422.2 0.040 0.050 62.50 22/01/2022 0.150 0.065 0.130 0.130 727710 DIALOG-C10 0.130 -0.005 350 1.920 1.550 1.04 10/07/2017 0.090 0.075 0.085 0.085 727714 DIALOG-C14 0.085 -0.005 532.5 1.920 2.000 13.02 31/10/2017 0.170 0.145 0.160 0.145 727717 DIALOG-C17 0.160 -0.005 103.6 1.920 1.900 7.29 31/01/2018 0.165 0.045 0.135 0.130 0029WB DIGISTA-WB 0.130 -0.005 349.2 0.200 0.260 95.00 04/04/2023 0.370 0.045 0.330 0.260 4456WD DNEX-WD 0.290 -0.040 123757.2 0.570 0.500 38.60 30/07/2021 0.140 0.060 0.090 0.090 7114WA DNONCE-WA 0.090 0.005 1448.8 0.280 0.250 21.43 25/11/2020 0.195 0.070 0.080 0.080 5265WA DOLPHIN-WA 0.080 Unch 161.2 0.295 0.800 198.31 29/03/2021 0.300 0.180 0.295 0.275 7169WA DOMINAN-WA 0.285 -0.010 160 1.230 1.300 28.86 10/09/2020 0.050 0.010 0.030 0.030 7198WA DPS-WA 0.030 0.005 0.1 0.105 0.540 442.86 03/01/2018 0.070 0.035 0.060 0.055 7198WB DPS-WB 0.060 Unch 549.9 0.105 0.100 52.38 15/01/2025 0.175 0.035 0.105 0.085 161924 DRBHCOMC24 0.090 -0.005 610 1.650 1.500 4.55 06/06/2017 0.180 0.030 0.180 0.140 161926 DRBHCOMC26 0.155 0.005 21884 1.650 1.550 8.03 30/08/2017 0.110 0.030 0.110 0.085 161927 DRBHCOMC27 0.090 -0.005 2920.8 1.650 1.700 13.94 22/08/2017 0.270 0.105 0.270 0.245 161928 DRBHCOMC28 0.245 -0.015 1316.5 1.650 1.050 0.76 30/06/2017 0.270 0.105 0.270 0.240 161929 DRBHCOMC29 0.240 -0.010 100 1.650 1.200 1.82 16/08/2017 0.315 0.115 0.315 0.285 161930 DRBHCOMC30 0.295 -0.005 3530.8 1.650 1.100 2.42 30/11/2017 0.185 0.085 0.185 0.185 161931 DRBHCOMC31 0.185 0.005 20 1.650 1.250 6.03 31/07/2017 0.145 0.060 0.145 0.115 161932 DRBHCOMC32 0.120 -0.015 26197.9 1.650 1.450 8.24 30/08/2017 0.155 0.060 0.155 0.125 161933 DRBHCOMC33 0.130 -0.010 6650.1 1.650 1.650 15.76 31/10/2017 0.210 0.115 0.210 0.195 161934 DRBHCOMC34 0.195 Unch 54 1.650 1.500 14.55 24/11/2017 0.070 0.030 0.040 0.040 5216CR DSONIC-CR 0.040 -0.005 100 1.340 1.450 17.16 28/07/2017 0.135 0.070 0.130 0.120 5216CV DSONIC-CV 0.120 -0.005 806.7 1.340 1.300 14.93 31/10/2017 0.080 0.065 0.080 0.080 5216CW DSONIC-CW 0.080 Unch 108 1.340 1.400 19.40 31/10/2017 0.240 0.055 0.120 0.115 3417C5 E&O-C5 0.120 0.020 65 1.890 1.650 0.00 15/06/2017 0.320 0.120 0.230 0.215 3417WB E&O-WB 0.225 Unch 462.6 1.890 2.600 49.47 21/07/2019 0.065 0.020 0.045 0.045 0154WB EAH-WB 0.045 Unch 870.8 0.100 0.120 65.00 24/02/2019 0.065 0.025 0.045 0.045 0154WC EAH-WC 0.045 -0.005 660 0.100 0.100 45.00 18/06/2019 0.195 0.090 0.140 0.135 3557WC ECOFIRS-WC 0.135 Unch 80.2 0.290 0.300 50.00 10/09/2019 0.110 0.080 0.105 0.095 5253CA ECONBHD-CA 0.100 Unch 4160 2.350 2.500 19.15 30/11/2017 0.145 0.115 0.120 0.120 8206CF ECOWLD-CF 0.120 Unch 700 1.500 1.600 18.67 31/01/2018 0.710 0.350 0.500 0.490 8206WA ECOWLD-WA 0.495 0.005 672.1 1.500 2.080 71.67 26/03/2022 0.160 0.045 0.075 0.070 0107WA EDUSPEC-WA 0.075 Unch 133.5 0.185 0.180 37.84 24/12/2018 1.890 0.720 1.830 1.730 0065WA EFORCE-WA 1.770 Unch 368.5 2.360 0.680 3.81 17/07/2019 0.670 0.425 0.485 0.480 8907WC EG-WC 0.485 0.005 302.6 0.855 0.500 15.20 03/11/2020 0.035 0.005 0.025 0.020 7182WA EKA-WA 0.025 Unch 636 0.080 0.200 181.25 22/01/2019 0.120 0.070 0.120 0.080 8877CA EKOVEST-CA 0.120 0.040 20056.3 1.340 1.600 32.84 08/12/2017 1.350 0.221 1.080 0.950 8877WB EKOVEST-WB 1.060 0.100 43361.2 1.340 0.480 14.93 25/06/2019 0.280 0.010 0.200 0.145 7149WA ENGKAH-WA 0.200 0.070 132.2 1.440 3.500 156.94 25/09/2017 0.510 0.305 0.470 0.455 5056WA ENGTEX-WA 0.470 0.005 1521.3 1.310 0.830 -0.76 25/10/2017 0.415 0.040 0.105 0.090 7249WA EWEIN-WA 0.095 -0.005 2611.4 0.725 0.610 -2.76 09/06/2017 0.075 0.050 0.050 0.050 5283CD EWINT-CD 0.050 -0.010 10 1.140 1.450 35.96 31/01/2018 0.450 0.285 0.295 0.285 5283WA EWINT-WA 0.290 -0.005 3646.8 1.140 1.450 52.63 02/04/2022 0.085 0.005 0.015 0.015 3689CB F&N-CB 0.015 -0.015 20 25.08 24.80 0.08 30/06/2017 0.540 0.100 0.515 0.495 7047WB FAJAR-WB 0.500 -0.005 9955.8 0.920 0.700 30.43 24/09/2019 0.245 0.125 0.170 0.155 9776WB FARMBES-WB 0.170 Unch 232.5 0.790 1.000 48.10 13/07/2018 0.460 0.145 0.145 0.145 06502S FBMKLCI-H2S 0.145 -0.005 10 1,778 1,710 -1.82 31/07/2017 0.100 0.040 0.045 0.040 06502W FBMKLCI-H2W 0.040 -0.005 87 1,778 1,715 -2.00 31/10/2017 0.160 0.090 0.090 0.090 06502Z FBMKLCI-H2Z 0.090 Unch 75 1,778 1,765 2.78 30/11/2017 0.210 0.005 0.010 0.005 522218 FGV-C18 0.010 0.005 1044.1 1.920 2.400 26.56 06/06/2017 0.160 0.020 0.040 0.035 522221 FGV-C21 0.035 Unch 404.5 1.920 2.550 36.46 30/08/2017 0.225 0.095 0.115 0.115 522222 FGV-C22 0.115 Unch 698.3 1.920 1.650 2.71 30/06/2017 0.140 0.055 0.070 0.065 522223 FGV-C23 0.070 Unch 3630.2 1.920 1.850 9.11 31/07/2017 0.205 0.075 0.095 0.090 522224 FGV-C24 0.090 -0.005 6092.6 1.920 1.850 8.07 31/07/2017 0.135 0.065 0.080 0.075 522226 FGV-C26 0.075 -0.005 1272 1.920 2.200 24.74 31/10/2017 0.155 0.090 0.110 0.100 522228 FGV-C28 0.105 -0.010 919.3 1.920 2.050 20.44 31/01/2018 0.125 0.065 0.105 0.100 9318WB FITTERS-WB 0.105 -0.005 290.7 0.405 1.000 172.84 12/10/2019 0.150 0.030 0.150 0.135 0116WC FOCUS-WC 0.145 0.005 7070.5 0.205 0.050 -4.88 06/11/2019 0.740 0.230 0.660 0.645 9261WB GADANG-WB 0.645 -0.015 4296.4 0.645 1.060 164.34 29/11/2021 0.180 0.075 0.180 0.180 539831 GAMUDA-C31 0.180 Unch 150 5.420 4.900 0.37 29/09/2017 1.480 0.910 1.380 1.360 5398WE GAMUDA-WE 1.380 0.020 3619.3 5.420 4.050 0.18 06/03/2021 0.140 0.100 0.110 0.105 5209CW GASMSIA-CW 0.105 -0.010 58 2.950 2.850 7.29 18/09/2017 0.365 0.120 0.310 0.300 5226WA GBGAQRS-WA 0.305 Unch 2170.7 1.300 1.300 23.46 20/07/2018 0.330 0.100 0.255 0.245 0078CD GDEX-CD 0.255 Unch 1320.7 2.820 2.400 12.23 31/10/2017 0.335 0.125 0.270 0.265 471518 GENM-C18 0.265 -0.005 240 5.800 5.000 2.20 13/07/2017 0.250 0.130 0.190 0.190 471524 GENM-C24 0.190 0.005 403 5.800 5.500 6.29 29/12/2017 0.170 0.115 0.140 0.140 471525 GENM-C25 0.140 Unch 35 5.800 6.000 13.10 07/12/2017 3.850 2.490 3.850 3.610 2291WA GENP-WA 3.850 0.020 3.3 11.660 7.750 -0.51 17/06/2019 0.190 0.090 0.175 0.175 318236 GENTINGC36 0.175 Unch 10 9.960 8.450 0.65 30/06/2017 0.325 0.160 0.310 0.305 318237 GENTINGC37 0.310 -0.005 100 9.960 8.300 2.01 16/08/2017 0.380 0.235 0.355 0.355 318241 GENTINGC41 0.355 0.015 20 9.960 8.500 3.16 30/08/2017

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

YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.180 0.150 0.170 0.170 318244 GENTINGC44 0.170 0.020 0.1 9.960 10.300 11.09 31/10/2017 0.160 0.140 0.145 0.145 318245 GENTINGC45 0.145 0.005 0.5 9.960 9.800 11.50 24/11/2017 1.990 1.240 1.920 1.840 3182WA GENTING-WA 1.900 0.060 4912 9.960 7.960 -1.00 18/12/2018 0.230 0.070 0.180 0.170 1147WA GOB-WA 0.180 0.005 984.3 0.400 0.800 145.00 24/12/2019 0.085 0.025 0.060 0.060 0074WA GOCEAN-WA 0.060 -0.005 534.2 0.150 0.340 166.67 07/08/2019 0.055 0.025 0.040 0.035 7096WA GPA-WA 0.040 Unch 94.2 0.105 0.100 33.33 03/06/2025 0.105 0.095 0.100 0.100 7022CH GTRONIC-CH 0.100 Unch 300 5.890 5.800 12.90 30/11/2017 0.275 0.095 0.265 0.240 7676WB GUNUNG-WB 0.255 Unch 72.3 0.545 0.400 20.18 02/10/2020 0.190 0.080 0.165 0.160 5168CY HARTA-CY 0.165 -0.010 51.2 5.670 4.600 0.04 31/07/2017 1.320 0.830 1.060 1.050 5095WB HEVEA-WB 1.050 -0.020 75 1.290 0.250 0.78 28/02/2020 0.170 0.065 0.120 0.115 5072WB HIAPTEK-WB 0.115 Unch 536 0.305 0.500 101.64 23/06/2021 0.490 0.265 0.420 0.415 5169WA HOHUP-WA 0.420 -0.005 120.9 0.830 0.600 22.89 21/12/2018 0.235 0.115 0.195 0.190 7213WB HOVID-WB 0.190 -0.005 942 0.345 0.180 7.25 05/06/2018 0.755 0.305 0.750 0.685 65184 HSI-C84 0.730 0.065 1822.4 14,145 24,400 77.13 29/06/2017 0.740 0.415 0.730 0.730 65190 HSI-C90 0.730 0.040 15 14,145 24,800 79.96 28/07/2017 0.760 0.440 0.760 0.720 65196 HSI-C96 0.760 0.150 5.6 14,145 25,200 82.98 30/08/2017 1.130 0.720 1.130 1.130 65198 HSI-C98 1.130 0.020 9 14,145 23,800 75.44 30/08/2017 0.870 0.005 0.005 0.005 65185 HSI-H85 0.005 -0.040 300 14,146 22,000 55.55 29/05/2017 1.330 0.015 0.015 0.015 65187 HSI-H87 0.015 -0.020 1396.1 14,145 23,400 65.52 29/05/2017 1.590 0.220 0.265 0.220 65193 HSI-H93 0.230 -0.050 4420.2 14,146 23,800 69.70 29/06/2017 0.735 0.105 0.110 0.105 65195 HSI-H95 0.105 -0.030 104 14,145 21,400 51.95 28/07/2017 1.000 0.280 0.290 0.280 65197 HSI-H97 0.280 -0.040 38 14,146 22,800 62.95 28/07/2017 1.550 0.485 0.525 0.485 65199 HSI-H99 0.485 -0.075 991.9 14,146 24,200 74.16 28/07/2017 0.045 0.015 0.035 0.030 9601WD HWGB-WD 0.030 -0.005 460.5 0.060 0.080 83.33 15/03/2021 0.235 0.155 0.210 0.210 4251WA IBHD-WA 0.210 -0.005 11.9 0.625 1.410 159.20 08/10/2019 0.380 0.175 0.290 0.280 9687WB IDEALUBB-WB 0.280 -0.010 2 0.800 1.000 60.00 30/03/2021 0.120 0.095 0.105 0.105 3336C4 IJM-C4 0.105 0.005 30 3.550 3.500 10.42 31/10/2017 0.195 0.090 0.170 0.160 3336C5 IJM-C5 0.160 Unch 306.4 3.550 3.500 5.35 29/12/2017 0.260 0.125 0.260 0.250 0166CW INARI-CW 0.260 0.025 45 2.200 1.750 0.23 13/07/2017 0.300 0.165 0.300 0.275 0166CZ INARI-CZ 0.300 0.020 523.4 2.200 1.800 2.27 29/12/2017 2.010 1.351 2.010 2.010 0166WA INARI-WA 2.010 0.010 0.2 2.200 0.132 -2.64 04/06/2018 1.410 0.525 1.410 1.370 0166WB INARI-WB 1.410 0.050 961.2 2.200 0.800 0.45 17/02/2020 0.045 0.015 0.040 0.035 0094WA INIX-WA 0.035 Unch 530 0.070 0.100 92.86 16/11/2020 0.355 0.155 0.320 0.310 3379WB INSAS-WB 0.315 0.005 1526.1 0.930 1.000 41.40 25/02/2020 0.180 0.080 0.120 0.115 196113 IOICORP-C13 0.115 -0.015 18.5 4.640 4.400 2.26 31/10/2017 0.110 0.110 0.110 0.110 5249CO IOIPG-CO 0.110 -0.040 45.4 2.170 2.000 7.37 07/12/2017 0.175 0.110 0.140 0.140 8834WB IREKA-WB 0.140 0.005 2 0.650 1.000 75.38 25/06/2019 0.070 0.020 0.050 0.045 7183WA IRETEX-WA 0.050 Unch 190.2 0.215 0.800 295.35 10/06/2019 0.070 0.020 0.070 0.060 0024WA JAG-WA 0.060 -0.005 11809.5 0.150 0.100 6.67 14/08/2019 0.120 0.060 0.110 0.105 5161C2 JCY-C2 0.110 Unch 1714.8 0.680 0.635 9.56 16/10/2017 0.265 0.125 0.235 0.235 5161CZ JCY-CZ 0.235 -0.020 30 0.680 0.580 2.57 28/07/2017 0.115 0.045 0.085 0.080 9083WB JETSON-WB 0.080 -0.005 81 0.380 0.750 118.42 06/02/2019 0.110 0.060 0.095 0.090 8923WA JIANKUN-WA 0.095 0.005 307.9 0.290 0.320 43.10 23/12/2021 0.820 0.205 0.805 0.770 7167WA JOHOTIN-WA 0.775 -0.030 2690 1.690 0.850 -3.85 21/11/2017 0.090 0.040 0.045 0.040 4383CN JTIASA-CN 0.045 -0.005 1406 1.100 1.350 28.86 16/10/2017 0.115 0.005 0.010 0.010 5247CR KAREX-CR 0.010 Unch 200 2.140 2.650 25.47 10/07/2017 0.100 0.015 0.020 0.020 5247CS KAREX-CS 0.020 Unch 864.8 2.140 2.550 21.96 18/08/2017 0.115 0.085 0.100 0.100 5247CW KAREX-CW 0.100 0.005 20 2.140 2.100 12.15 29/09/2017 0.080 0.070 0.075 0.075 5247CY KAREX-CY 0.075 -0.005 453 2.140 2.250 13.90 31/10/2017 0.200 0.085 0.110 0.105 5247CZ KAREX-CZ 0.105 -0.005 110.7 2.140 2.200 12.62 31/01/2018 0.035 0.010 0.030 0.025 3115WC KBUNAI-WC 0.025 -0.005 125 0.070 0.131 122.86 20/10/2023 0.290 0.070 0.265 0.250 7161CA KERJAYA-CA 0.265 -0.005 867.2 3.100 2.600 5.24 29/09/2017 0.100 0.070 0.075 0.070 7161CB KERJAYA-CB 0.075 -0.010 1000 3.100 3.350 18.95 30/11/2017 0.150 0.135 0.135 0.135 7161CC KERJAYA-CC 0.135 -0.015 15 3.100 3.100 10.89 08/12/2017 2.230 1.090 2.170 2.110 7161WA KERJAYA-WA 2.170 -0.060 16.9 3.100 0.880 -1.61 20/12/2017 0.450 0.060 0.440 0.415 0151WA KGB-WA 0.415 -0.005 480.7 0.710 0.500 28.87 12/06/2019 0.035 0.003 0.020 0.015 0036WA KGROUP-WA 0.015 Unch 2458.6 0.045 0.100 155.56 02/07/2018 0.880 0.620 0.740 0.720 5171WA KIMLUN-WA 0.720 Unch 233.1 2.300 1.680 4.35 12/03/2024 0.085 0.010 0.020 0.010 7164WA KNM-WA 0.015 Unch 40890.8 0.300 0.980 231.67 15/11/2017 0.150 0.080 0.105 0.090 7164WB KNM-WB 0.105 0.015 4038.5 0.300 1.000 268.33 21/04/2020 0.310 0.070 0.110 0.105 7017WB KOMARK-WB 0.105 0.005 981.2 0.300 0.300 35.00 21/01/2020 0.075 0.040 0.040 0.040 7153CU KOSSAN-CU 0.040 Unch 25 6.330 6.850 13.90 18/09/2017 1.400 0.410 1.330 1.290 5878WB KPJ-WB 1.310 0.020 638.2 4.150 4.010 28.19 23/01/2019 0.195 0.030 0.080 0.070 5038CG KSL-CG 0.075 -0.005 264.2 1.230 1.200 3.66 06/06/2017 0.650 0.450 0.570 0.570 9385WA LAYHONG-WA 0.570 Unch 0.1 0.875 0.400 10.86 13/10/2021 1.090 0.510 1.070 1.050 5789WA LBS-WA 1.050 Unch 21.4 2.090 1.000 -1.91 11/06/2018 0.835 0.335 0.815 0.805 5789WB LBS-WB 0.815 0.005 342.1 2.090 1.250 -1.20 04/10/2020 0.255 0.040 0.230 0.220 8745WB LEWEKO-WB 0.230 -0.010 20 0.300 0.200 43.33 08/09/2020 0.245 0.150 0.220 0.215 7126WA LONBISC-WA 0.220 0.005 27.6 0.760 1.000 60.53 26/01/2020 0.135 0.095 0.135 0.135 8621CB LPI-CB 0.135 0.040 9.6 18.700 18.250 8.42 30/11/2017 0.080 0.020 0.075 0.070 5068WA LUSTER-WA 0.070 Unch 1945 0.140 0.100 21.43 03/06/2022 0.080 0.020 0.075 0.075 5068WB LUSTER-WB 0.075 Unch 494 0.140 0.100 25.00 26/05/2023 0.060 0.015 0.050 0.045 0017WA M3TECH-WA 0.050 Unch 2299.1 0.090 0.100 66.67 21/08/2019 0.750 0.210 0.605 0.600 7617WB MAGNA-WB 0.605 0.005 65.9 1.530 0.900 -1.63 04/09/2020 0.160 0.015 0.025 0.025 8583C6 MAHSING-C6 0.025 -0.005 200.1 1.540 1.650 8.77 31/07/2017 0.110 0.010 0.020 0.015 8583C7 MAHSING-C7 0.020 Unch 1435 1.540 1.700 13.64 10/07/2017 0.265 0.140 0.185 0.180 8583WB MAHSING-WB 0.180 -0.005 1910.9 1.540 1.440 5.19 16/03/2018 0.170 0.085 0.145 0.140 8583WC MAHSING-WC 0.140 -0.005 771.6 1.540 2.100 45.45 21/02/2020 0.100 0.030 0.030 0.030 5264CT MALAKOF-CT 0.030 Unch 36 1.220 1.500 25.41 31/10/2017 0.100 0.075 0.085 0.080 5264CW MALAKOF-CW 0.080 -0.005 270.1 1.220 1.200 11.48 29/09/2017 0.090 0.055 0.055 0.055 5264CX MALAKOF-CX 0.055 Unch 250 1.220 1.300 13.32 16/10/2017 0.880 0.085 0.760 0.680 6181WB MALTON-WB 0.690 -0.015 20456.9 1.540 1.000 9.74 29/06/2018 0.015 0.005 0.010 0.005 5189WA MAXWELL-WA 0.005 Unch 1960.1 0.030 0.400 1,250 24/03/2020 0.210 0.140 0.200 0.200 115528 MAYBANKC28 0.200 -0.005 50 9.380 9.500 8.10 31/10/2017 0.215 0.115 0.175 0.175 115529 MAYBANKC29 0.175 0.005 30 9.380 9.000 4.34 16/10/2017 0.165 0.120 0.130 0.130 115530 MAYBANKC30 0.130 Unch 10 9.380 9.100 8.10 24/11/2017 0.570 0.225 0.505 0.495 5152WA MBL-WA 0.495 -0.005 160.1 1.090 0.800 18.81 28/11/2022 0.225 0.010 0.025 0.010 5983WA MBMR-WA 0.015 -0.010 6190.1 2.500 3.200 28.60 14/06/2017 0.125 0.110 0.120 0.120 1171C1 MBSB-C1 0.120 0.010 150 1.330 1.300 15.79 24/11/2017 0.195 0.155 0.190 0.165 1171C2 MBSB-C2 0.175 Unch 641.7 1.330 1.300 10.90 31/01/2018 0.170 0.105 0.160 0.155 1171CW MBSB-CW 0.160 0.015 1542.4 1.330 1.150 10.53 28/11/2017 0.130 0.075 0.120 0.115 1171CX MBSB-CX 0.115 0.010 161 1.330 1.300 15.04 28/11/2017 0.090 0.055 0.085 0.075 1171CY MBSB-CY 0.080 0.005 9350.5 1.330 1.250 12.03 29/09/2017 0.080 0.065 0.075 0.065 1171CZ MBSB-CZ 0.065 -0.005 1189.2 1.330 1.450 21.24 30/11/2017 0.115 0.040 0.100 0.090 0167WB MCLEAN-WB 0.100 0.010 394.9 0.245 0.250 42.86 07/10/2020 0.085 0.025 0.060 0.060 5040WB MEDAINC-WB 0.060 Unch 332.5 0.470 0.800 82.98 22/04/2022 0.065 0.025 0.055 0.050 5040WC MEDAINC-WC 0.055 Unch 100.2 0.470 0.800 81.91 24/08/2024 0.180 0.085 0.090 0.085 4502CI MEDIA-CI 0.090 -0.005 979 1.100 1.150 20.91 31/10/2017 0.395 0.205 0.275 0.275 0081WA MEGASUN-WA 0.275 0.005 28 0.385 0.100 -2.60 29/04/2019 0.360 0.140 0.320 0.305 1694WB MENANG-WB 0.315 0.005 2088.7 0.960 1.000 36.98 09/07/2019 0.185 0.020 0.135 0.125 0075WA MEXTER-WA 0.135 0.005 287 0.245 0.130 8.16 17/09/2018 2.250 0.365 2.100 2.030 3069WA MFCB-WA 2.090 0.040 203 3.850 2.220 11.95 08/04/2020 0.140 0.045 0.060 0.060 5186C1 MHB-C1 0.060 -0.005 300 0.955 1.000 12.57 29/09/2017 0.090 0.010 0.040 0.025 5026WA MHC-WA 0.030 Unch 548.1 0.870 1.560 82.76 28/07/2017 0.355 0.175 0.235 0.230 5576WC MINHO-WC 0.235 0.005 40 0.590 0.500 24.58 02/08/2021 0.145 0.005 0.010 0.005 3816C8 MISC-C8 0.010 Unch 354.3 7.550 7.500 0.00 31/05/2017 0.625 0.365 0.535 0.530 9571WD MITRA-WD 0.535 0.005 144.9 1.370 1.090 18.61 23/08/2020 1.125 0.652 0.890 0.870 6114WB MKH-WB 0.870 -0.005 85 2.460 1.890 12.20 29/12/2017 0.100 0.020 0.080 0.065 0085WA MLAB-WA 0.075 0.010 2702 0.115 0.100 52.17 24/04/2020 0.830 0.220 0.830 0.800 7595WA MLGLOBAL-WA 0.830 0.030 223.5 1.180 0.500 12.71 27/10/2019 0.220 0.100 0.145 0.140 2194C4 MMCCORP-C4 0.140 -0.015 90.1 2.520 2.250 0.40 31/07/2017 0.055 0.020 0.045 0.040 0103WA MNC-WA 0.045 Unch 1882.7 0.080 0.100 81.25 05/11/2021 0.525 0.075 0.520 0.510 3867CD MPI-CD 0.520 0.010 20.9 12.900 8.300 0.62 06/06/2017 0.070 0.020 0.035 0.030 0070WA MQTECH-WA 0.030 -0.005 903.5 0.055 0.100 136.36 21/11/2021 0.290 0.140 0.270 0.230 165112 MRCB-C12 0.240 -0.010 2592.3 1.720 1.400 2.33 16/08/2017 0.180 0.060 0.130 0.105 165113 MRCB-C13 0.110 -0.015 3305 1.720 1.550 6.10 30/08/2017 0.100 0.050 0.095 0.080 165114 MRCB-C14 0.080 -0.005 2829.5 1.720 1.900 22.09 31/10/2017 0.135 0.065 0.135 0.120 165115 MRCB-C15 0.120 -0.005 510 1.720 1.800 15.12 24/11/2017 0.390 0.070 0.370 0.310 1651C9 MRCB-C9 0.320 Unch 1041.5 1.720 1.450 2.91 30/08/2017 0.175 0.085 0.165 0.150 1651WA MRCB-WA 0.150 -0.010 19967.7 1.720 2.300 42.44 14/09/2018 0.080 0.010 0.055 0.050 0092WA MTOUCHE-WA 0.055 0.005 689.7 0.285 1.260 361.40 17/01/2018 0.120 0.030 0.120 0.105 0092WB MTOUCHE-WB 0.120 0.015 193.8 0.285 0.540 131.58 16/03/2020 0.710 0.150 0.685 0.670 0138C1 MYEG-C1 0.685 0.015 285 2.300 1.400 0.58 30/06/2017 0.405 0.140 0.365 0.365 13810 MYEG-C10 0.365 -0.020 95 2.300 1.600 1.30 18/08/2017 0.190 0.075 0.180 0.165 13815 MYEG-C15 0.170 Unch 216 2.300 2.000 8.39 29/09/2017 0.255 0.100 0.230 0.230 13816 MYEG-C16 0.230 -0.010 200 2.300 2.000 6.96 31/01/2018 0.170 0.105 0.160 0.150 13817 MYEG-C17 0.150 -0.005 220.6 2.300 2.300 16.30 30/11/2017 0.390 0.090 0.370 0.345 0138C6 MYEG-C6 0.345 Unch 647.8 2.300 1.733 0.36 13/07/2017 0.195 0.065 0.195 0.190 0138C7 MYEG-C7 0.190 0.010 26 2.300 1.867 3.19 22/08/2017 0.480 0.115 0.480 0.475 0138C8 MYEG-C8 0.480 0.025 41.4 2.300 1.567 2.90 31/10/2017 0.460 0.140 0.425 0.425 0138C9 MYEG-C9 0.425 -0.030 310 2.300 1.600 0.36 16/08/2017 0.030 0.015 0.025 0.020 0096WA NEXGRAM-WA 0.025 Unch 1604 0.045 0.100 177.78 16/05/2022 0.025 0.010 0.020 0.020 0096WB NEXGRAM-WB 0.020 Unch 50 0.045 0.260 522.22 21/07/2023 0.035 0.015 0.025 0.025 0096WC NEXGRAM-WC 0.025 Unch 200 0.045 0.100 177.78 15/01/2024 0.065 0.005 0.035 0.030 7139WA NICE-WA 0.035 0.005 252 0.100 0.160 95.00 09/08/2017 0.390 0.175 0.390 0.365 0172WA OCK-WA 0.385 0.025 14551.2 0.950 0.710 15.26 15/12/2020 0.255 0.060 0.215 0.200 7071WC OCR-WC 0.210 Unch 2573.6 0.650 0.500 9.23 24/07/2021 0.280 0.060 0.230 0.215 9008WB OMESTI-WB 0.215 -0.020 256.5 0.520 0.500 37.50 30/05/2018 0.370 0.195 0.330 0.320 5053WC OSK-WC 0.320 -0.005 150.6 1.600 1.800 32.50 22/07/2020 0.325 0.020 0.290 0.265 7052CF PADINI-CF 0.290 0.035 67.6 3.460 2.900 0.58 30/06/2017 0.185 0.080 0.185 0.160 7052CI PADINI-CI 0.180 0.020 776 3.460 2.800 6.94 29/09/2017 0.245 0.155 0.205 0.205 7052CJ PADINI-CJ 0.205 0.005 20 3.460 3.150 8.82 30/11/2017 0.090 0.030 0.035 0.035 0005WA PALETTE-WA 0.035 -0.005 200 0.070 0.040 7.14 20/03/2018 0.300 0.080 0.240 0.230 5125WA PANTECH-WA 0.240 Unch 228.1 0.630 0.500 17.46 21/12/2020 0.300 0.105 0.265 0.255 5125WB PANTECH-WB 0.260 -0.005 360.4 0.630 0.500 20.63 21/12/2021 0.270 0.145 0.200 0.195 5022WA PAOS-WA 0.200 -0.005 90 0.570 0.500 22.81 14/12/2021 0.240 0.100 0.135 0.105 518310 PCHEM-C10 0.135 0.005 21759.3 7.270 7.100 4.16 18/08/2017 0.255 0.065 0.150 0.110 5183C9 PCHEM-C9 0.150 0.020 7944.1 7.270 7.000 3.51 29/09/2017 0.400 0.200 0.265 0.250 9997WB PENSONI-WB 0.260 Unch 178.3 0.685 0.600 25.55 20/01/2024

Main Market & Ace Market Warrants

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

TUESDAY MAY 16, 2017 • 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

China — Stocks rise for third session as regulatory worries ebb

SHANGHAI: China’s main stock index rose for the third straight session yesterday after a fi ve-week losing streak, as concerns about tighter financial regulations and liquidity eased after Beijing’s soothing comments. The blue-chip CSI 300 Index rose 0.41% to 3,399.19 points, while the Shanghai Composite Index added 0.22% to 3,090.23. But the upbeat sentiment was capped by China’s disappointing factory activity and investment data that deepened worries of renewed economic slowdown. Chinese stocks sank to seven-month lows previous week in a fi ve-week losing streak, as a coordinated campaign among fi nancial regulators against shadow banking and risky, leveraged investments drove up market rates and dented investor confi dence. But in an apparent effort to settle market nerves, China’s banking regulator said last Friday that risks in the banking sector were completely controllable, and the market did not have to be nervous of scrutiny. In addition, Chinese Premier Li Keqiang said last Sunday that China would strike a balance between financial stability, gradual deleveraging, and steady economic growth, noting that China was capable of maintaining stability in its fi nancial markets. Such market-friendly language helped offset economic concerns triggered by

news that China’s factory output and fi xed asset investment growth cooled more than expected in April. Most sectors gain ground, led by defensive consumer and healthcare stocks. Shares of cybersecurity stocks were in the spotlight after the global cyberattack over the weekend, with more than 10 stocks in the sector, including Venustech Group, Bluedon Information Security Technologies and Nsfocus Information Technology jumping by the daily 10% limit. Hong Kong stocks rose for the sixth straight session to fresh 21-month highs yesterday, as investors shrugged off threats posed by a global cybersecurity attack, a missile test by North Korea and weak US data. Sentiment was aided by signs of steady money fl ows from mainland China, and stabilisation in the China market, where main stock indexes rebounded for the third straight day as the government moved to sooth market fears of tighter regulation. The Hang Seng Index rose 0.86% to 25,371.59 points, while the China Enterprises Index gained 1.63% to 10,450.35. Yesterday, Chinese investors used up 22% of the daily quota under the Shanghai-Hong Kong Stock Connect to buy Hong Kong stocks, signalling continuous southbound money fl ows. UBS pointed to signs of mainland Chinese investors diversifying away from domestic exposure. “We have observed southbound investors showing increased interest in

non-Chinese Hong Kong shares, which may indicate their intent to diversify and avoid the domestic spillover effect,” UBS strategist Gao Ting said. Most sectors rose, with fi nancial shares among the biggest gainers.

Japan — Nikkei edges down on stronger yen, geopolitical concerns

TOKYO: Japanese stocks edged down yesterday, pressured by a stronger yen, a widespread cyberattack and North Korea’s missile test over the weekend. The Nikkei Share Average decreased 0.07% or 14.05 points to 19,869.85. Officials across the globe scrambled to catch the culprits behind a massive ransomware worm that disrupted operations at car factories, hospitals, shops and schools. Cybersecurity exper ts said the spread of the worm dubbed WannaCry — “ransomware” that locked up more than 200,000 computers in more than 150 countries — had slowed but that the respite might only be brief amid fears new versions of the worm will strike. “We still don’t know how much impact it has on Japanese companies. There is uncertainty looming, and when there is uncertainty, investors take profi ts,” said Yoshihiro Okumura, general manager at Chibagin Asset Management. The Nikkei has gained 9% since April 17, when it hit a fi ve-month low of 18,224.68.

Sentiment also soured from a stronger yen. The yen rose against the US dollar after US data last Friday showed a smaller-than-expected increase in April retail sales, raising concerns about the retail sector and the broader economy. Geopolitical tensions rose following a missile test by North Korea. Pyongyang said it had successfully conducted a newly developed mid-to-long range missile test, supervised by leader Kim Jong-Un and aimed at verifying the capability to carry a “large scale heavy nuclear warhead,” according to the North Korea’s official KCNA news agency. Exporters lost ground, with Toyota Motor Corp lost 0.63%, Nissan Motor Co down 1.44% and Panasonic Corp 0.46% lower. Elsewhere, Nomura Real Estate Holdings was untraded with a glut of buy orders after a source said on Saturday that Japan Post Holdings was considering buying the company in a bid to make real estate operations its new earnings pillar. Superlong Japanese government bond (JGB) prices edged higher yesterday, taking their cue from fi rmer US Treasury prices and softer equities, though market activity was thin overall. The 20-year JGB yield shed one basis point to 0.59%, while the 30-year JGB yield also inched one basis point lower to 0.825%. The broader Topix dropped 0.04% to 1,580, and the JPX-Nikkei Index 400 was up 0.01% to 14,113.46. — Reuters

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 May 15, 2017

1900

2875

3850

4825

58003,090.23

+6.72(+0.22%)

Hang SengIndex points

21,056.93

Mar 1, 2010 May 15, 2017

25,371.59+215.25

(+0.86%)15800

19075

22350

25625

28900

Nikkei 225Index points

10,172.06

Mar 1, 2010 May 15, 2017

8100

11275

14450

17625

20800

19,869.85-14.05

(-0.07%)

FT Straits TimesIndex points

Mar 1, 2010

2,774.06

3,264.21+8.92

(+0.27%)

May 15, 2017

2400

2700

3000

3300

3600

Bursa Malaysia Equity Derivatives

0.485 0.125 0.445 0.435 8311WC PESONA-WC 0.435 -0.010 196.8 0.675 0.250 1.48 27/01/2020 0.180 0.055 0.090 0.085 5681CR PETDAG-CR 0.085 Unch 0.8 24.060 23.400 1.50 30/06/2017 0.150 0.040 0.060 0.055 6033CO PETGAS-CO 0.055 Unch 324.8 18.580 19.800 9.23 29/12/2017 0.740 0.100 0.700 0.635 3042CB PETRONM-CB 0.645 -0.015 1899.2 8.520 4.500 -1.76 31/07/2017 0.315 0.085 0.300 0.250 3042CC PETRONM-CC 0.270 -0.015 3831.7 8.520 6.500 14.32 29/09/2017 2.600 0.617 2.410 2.360 8869WC PMETAL-WC 2.370 -0.030 62.2 2.780 0.390 -0.72 22/08/2019 1.050 0.615 0.815 0.810 7088WB POHUAT-WB 0.815 0.015 206.8 1.830 1.000 -0.82 21/10/2020 0.455 0.110 0.445 0.425 4634C3 POS-C3 0.440 0.015 53.4 5.700 4.000 1.05 30/08/2017 0.435 0.170 0.435 0.430 4634C6 POS-C6 0.430 -0.005 60 5.700 4.000 0.35 18/08/2017 0.285 0.175 0.265 0.265 4634C8 POS-C8 0.265 Unch 13 5.700 5.100 8.07 31/10/2017 0.310 0.140 0.310 0.280 4634C9 POS-C9 0.305 0.025 2821.3 5.700 4.900 10.04 16/10/2017 0.640 0.188 0.530 0.530 7168WA PRG-WA 0.530 Unch 19.9 0.890 0.375 1.69 06/07/2019 0.690 0.405 0.670 0.660 8966WA PRLEXUS-WA 0.665 0.005 541.4 1.570 1.200 18.79 14/06/2021 0.145 0.040 0.120 0.115 7145WA PSIPTEK-WA 0.115 -0.005 1053 0.195 0.100 10.26 16/11/2019 0.140 0.020 0.090 0.085 0007WA PUC-WA 0.085 -0.005 1679 0.135 0.100 37.04 25/12/2024 0.145 0.015 0.090 0.080 0007WB PUC-WB 0.085 Unch 3014.9 0.135 0.100 37.04 15/02/2019 0.170 0.020 0.145 0.135 5256WA REACH-WA 0.140 0.005 55884.7 0.580 0.750 53.45 12/08/2022 0.150 0.030 0.115 0.100 1066CW RHBBANK-CW 0.110 -0.010 1653.2 5.480 5.000 -0.73 31/05/2017 0.155 0.095 0.140 0.140 1066CY RHBBANK-CY 0.140 Unch 600 5.480 5.250 8.58 28/11/2017 0.090 0.060 0.075 0.075 5270WA RSENA-WA 0.075 Unch 2591.2 0.450 0.500 27.78 01/12/2023 0.080 0.010 0.020 0.020 0133WB SANICHI-WB 0.020 -0.010 20 0.080 0.210 187.50 13/03/2018 0.040 0.015 0.025 0.025 0133WC SANICHI-WC 0.025 Unch 352.4 0.080 0.210 193.75 24/09/2019 0.050 0.020 0.040 0.040 0133WD SANICHI-WD 0.040 Unch 1920 0.080 0.100 75.00 21/07/2019 0.015 0.005 0.005 0.005 0109WA SCBUILD-WA 0.005 Unch 200 0.050 0.050 10.00 16/06/2017 0.025 0.005 0.020 0.015 0109WB SCBUILD-WB 0.020 0.005 155 0.050 0.050 40.00 06/11/2019 0.185 0.055 0.160 0.155 0161WA SCH-WA 0.160 Unch 2325 0.255 0.100 1.96 04/12/2021 0.190 0.055 0.185 0.175 0028WA SCOPE-WA 0.175 -0.010 210 0.275 0.150 18.18 17/07/2020 0.785 0.160 0.755 0.715 7073WB SEACERA-WB 0.715 -0.025 1675.7 1.560 1.000 9.94 29/05/2019 0.345 0.070 0.270 0.250 521829 SENERGYC29 0.270 0.025 141.2 1.940 1.400 0.00 31/05/2017 0.245 0.115 0.120 0.115 521834 SENERGYC34 0.115 Unch 115 1.940 1.800 4.64 13/07/2017 0.245 0.100 0.155 0.155 521835 SENERGYC35 0.155 0.020 121 1.940 1.650 1.03 15/06/2017 0.165 0.070 0.100 0.090 521837 SENERGYC37 0.095 0.005 647.9 1.940 1.850 7.60 31/07/2017 0.220 0.120 0.135 0.125 521839 SENERGYC39 0.125 0.005 486 1.940 1.850 9.54 31/07/2017 0.145 0.085 0.100 0.095 521841 SENERGYC41 0.095 0.005 531.5 1.940 2.050 17.91 29/09/2017 0.075 0.060 0.065 0.060 521844 SENERGYC44 0.065 0.005 1300 1.940 2.350 29.51 31/10/2017 0.215 0.070 0.150 0.140 0055WA SERSOL-WA 0.145 -0.005 179.4 0.190 0.180 71.05 18/04/2023 0.375 0.210 0.320 0.310 7246WA SIGN-WA 0.310 -0.015 626 1.010 0.970 26.73 21/04/2021 0.190 0.130 0.140 0.140 419714 SIME-C14 0.140 Unch 50 9.330 9.000 3.97 29/12/2017 0.770 0.470 0.690 0.650 7155WA SKPRES-WA 0.675 0.035 1648.7 1.360 0.650 -2.57 27/06/2017 0.115 0.025 0.070 0.065 0117WA SMRT-WA 0.065 -0.005 1674.3 0.250 0.180 -2.00 01/08/2017 0.540 0.135 0.260 0.255 5213WA SNTORIA-WA 0.255 -0.005 56 0.790 0.600 8.23 15/04/2019 0.880 0.650 0.780 0.770 5242WA SOLID-WA 0.770 -0.025 20 1.290 0.500 -1.55 16/12/2020 0.285 0.100 0.270 0.260 0093WA SOLUTN-WA 0.265 Unch 623.8 0.340 0.200 36.76 04/07/2021 0.240 0.135 0.205 0.190 8664CW SPSETIA-CW 0.195 -0.005 313.5 3.630 3.400 1.72 29/12/2017 0.140 0.035 0.095 0.085 0129WA SRIDGE-WA 0.090 -0.005 617.2 0.215 0.180 25.58 24/02/2023 0.075 0.025 0.040 0.040 1201WA SUMATEC-WA 0.040 Unch 109.5 0.065 0.320 453.85 03/03/2021 0.060 0.020 0.030 0.030 1201WB SUMATEC-WB 0.030 Unch 900.5 0.065 0.175 215.38 13/11/2018 0.325 0.100 0.290 0.275 0148WA SUNZEN-WA 0.275 -0.005 115.8 0.410 0.100 -8.54 14/04/2019 0.235 0.060 0.210 0.200 0148WB SUNZEN-WB 0.205 0.005 7052.1 0.410 0.250 10.98 25/02/2021 0.135 0.015 0.035 0.030 710621 SUPERMX-C21 0.035 Unch 941 2.100 2.300 12.86 13/07/2017 0.135 0.040 0.075 0.065 710625 SUPERMX-C25 0.075 0.005 340.8 2.100 2.150 11.31 31/07/2017 0.080 0.035 0.065 0.055 710626 SUPERMX-C26 0.060 -0.005 1857.9 2.100 2.200 13.33 31/10/2017 0.155 0.060 0.145 0.135 710627 SUPERMX-C27 0.140 -0.010 918.2 2.100 2.000 8.57 31/01/2018 0.220 0.155 0.180 0.180 7082WB SYF-WB 0.180 0.005 1013.5 0.585 0.700 50.43 11/11/2019 0.300 0.125 0.280 0.270 1538WB SYMLIFE-WB 0.275 0.005 125 0.925 1.100 48.65 11/11/2020 0.205 0.075 0.075 0.075 8524CA TALIWRK-CA 0.075 -0.005 100 1.510 1.600 13.41 29/09/2017



0.330 0.170 0.235 0.235 8524WB TALIWRK-WB 0.235 Unch 22.5 1.510 1.700 28.15 11/11/2018 0.130 0.055 0.090 0.090 0132WA TDEX-WA 0.090 -0.005 156 0.160 0.110 25.00 21/09/2018 0.150 0.085 0.105 0.105 534735 TENAGA-C35 0.105 -0.005 28 14.000 13.800 3.07 30/11/2017 0.490 0.260 0.330 0.330 7252WA TEOSENG-WA 0.330 -0.005 18.2 1.030 1.350 63.11 29/01/2020 0.100 0.040 0.100 0.100 0145WA TFP-WA 0.100 0.015 16 0.175 0.100 14.29 15/02/2019 3.560 1.720 2.880 2.830 7034WA TGUAN-WA 2.830 -0.050 51.8 4.370 1.500 -0.92 09/10/2019 0.110 0.055 0.085 0.085 7889WB THRIVEN-WB 0.085 Unch 32 0.260 0.640 178.85 05/10/2020 0.025 0.005 0.015 0.015 7079WB TIGER-WB 0.015 Unch 1475 0.070 0.170 164.29 23/12/2018 0.040 0.010 0.035 0.030 7079WC TIGER-WC 0.030 Unch 2960.2 0.070 0.080 57.14 11/02/2021 0.090 0.025 0.035 0.035 486314 TM-C14 0.035 Unch 280 6.480 6.700 4.75 29/09/2017 0.080 0.035 0.040 0.035 0101CC TMCLIFE-CC 0.035 -0.005 229.8 0.900 1.000 18.89 31/10/2017 0.315 0.210 0.255 0.255 0101WB TMCLIFE-WB 0.255 Unch 482.1 0.900 0.750 11.67 21/06/2019 0.810 0.425 0.720 0.700 8397WC TNLOGIS-WC 0.710 -0.020 580.3 1.680 1.000 1.79 26/12/2018 0.860 0.275 0.780 0.760 7285WA TOMYPAK-WA 0.780 0.020 460.1 2.300 2.290 33.48 21/06/2021 0.220 0.060 0.110 0.110 711310 TOPGLOV-C10 0.110 0.005 16 5.200 5.000 5.67 13/07/2017 0.130 0.035 0.105 0.090 711317 TOPGLOV-C17 0.105 Unch 938 5.200 5.200 9.09 29/12/2017 0.360 0.230 0.280 0.275 5401WA TROP-WA 0.275 -0.010 35.2 0.970 1.000 31.44 06/12/2019 0.360 0.110 0.330 0.310 5042WB TSRCAP-WB 0.325 0.015 835.4 0.740 0.700 38.51 28/12/2020 0.080 0.005 0.005 0.005 5230CH TUNEPRO-CH 0.005 Unch 150 1.430 1.800 26.92 10/07/2017 0.120 0.080 0.100 0.100 5230CN TUNEPRO-CN 0.100 Unch 150 1.430 1.500 15.38 30/11/2017 0.165 0.045 0.085 0.080 514831 UEMS-C31 0.085 Unch 1747.1 1.280 1.150 -0.20 30/06/2017 0.085 0.020 0.030 0.025 514832 UEMS-C32 0.025 -0.005 2005 1.280 1.350 11.33 10/07/2017 0.250 0.145 0.205 0.200 514838 UEMS-C38 0.200 Unch 1116 1.280 1.000 1.56 16/08/2017 0.165 0.095 0.125 0.125 514839 UEMS-C39 0.125 -0.020 0.8 1.280 1.050 1.56 31/07/2017 0.145 0.075 0.120 0.115 514841 UEMS-C41 0.115 -0.005 60 1.280 1.140 7.03 31/10/2017 0.085 0.045 0.055 0.050 514842 UEMS-C42 0.050 -0.005 550 1.280 1.400 17.19 29/09/2017 0.065 0.055 0.055 0.055 514843 UEMS-C43 0.055 -0.005 60 1.280 1.500 25.78 31/10/2017 0.095 0.085 0.085 0.085 514844 UEMS-C44 0.085 -0.005 30 1.280 1.350 18.75 24/11/2017 0.205 0.120 0.120 0.120 4588C1 UMW-C1 0.120 -0.010 4 5.800 6.000 13.79 29/09/2017 0.320 0.010 0.025 0.010 4588CY UMW-CY 0.020 -0.010 371.1 5.800 5.700 0.00 31/05/2017 0.090 0.005 0.015 0.010 524314 UMWOG-C14 0.010 Unch 1030 0.620 0.900 48.39 22/08/2017 0.075 0.025 0.025 0.025 524315 UMWOG-C15 0.025 Unch 500 0.620 0.750 29.03 30/08/2017 0.080 0.030 0.040 0.030 524316 UMWOG-C16 0.040 0.010 500.1 0.620 0.750 33.87 31/10/2017 0.110 0.075 0.080 0.080 524317 UMWOG-C17 0.080 0.005 220 0.620 0.800 41.94 24/11/2017 0.200 0.070 0.120 0.120 7091WA UNIMECH-WA 0.120 -0.005 77.6 1.150 1.500 40.87 18/09/2018 0.115 0.085 0.110 0.110 5005CW UNISEM-CW 0.110 -0.005 100 3.390 3.450 16.37 31/10/2017 0.192 0.050 0.055 0.050 0069WB VIVOCOM-WB 0.050 -0.005 8669.7 0.145 0.200 72.41 07/09/2018 0.228 0.075 0.085 0.080 0069WC VIVOCOM-WC 0.080 -0.005 1259.7 0.145 0.100 24.14 22/01/2020 0.222 0.075 0.085 0.080 0069WD VIVOCOM-WD 0.085 Unch 1020.6 0.145 0.100 27.59 08/07/2020 0.055 0.020 0.045 0.045 7070WB VIZIONE-WB 0.045 Unch 100 0.130 0.160 57.69 20/06/2018 0.095 0.030 0.080 0.080 7070WC VIZIONE-WC 0.080 Unch 4798 0.130 0.100 38.46 05/02/2022 0.450 0.200 0.400 0.370 7240WA VOIR-WA 0.370 -0.030 129.6 0.780 0.500 11.54 31/03/2024 0.150 0.150 0.150 0.150 6963CN VS-CN 0.150 Unch 10 2.030 2.000 13.30 08/12/2017 0.080 0.020 0.025 0.025 0066WA VSOLAR-WA 0.025 Unch 1017 0.105 0.120 38.10 01/12/2017 0.570 0.195 0.570 0.550 6963WA VS-WA 0.565 0.015 13462.9 2.030 1.650 9.11 06/01/2019 0.135 0.125 0.125 0.125 3565CA WCEHB-CA 0.125 Unch 150 1.650 1.650 15.15 30/11/2017 0.215 0.095 0.160 0.145 9679C1 WCT-C1 0.155 0.005 556 2.290 2.250 13.14 30/11/2017 0.340 0.060 0.265 0.240 9679CZ WCT-CZ 0.245 -0.015 181 2.290 2.000 3.38 31/10/2017 0.665 0.160 0.590 0.540 9679WD WCT-WD 0.560 Unch 8128.3 2.290 1.710 -0.87 11/12/2017 0.550 0.165 0.490 0.455 9679WE WCT-WE 0.465 -0.010 10423.6 2.290 2.080 11.14 27/08/2020 0.075 0.050 0.050 0.050 5246CR WPRTS-CR 0.050 Unch 220 3.890 4.250 13.11 16/10/2017 0.930 0.490 0.815 0.800 7245WA WZSATU-WA 0.800 -0.010 110 1.210 0.500 7.44 28/10/2024 0.015 0.005 0.015 0.015 0095WA XINGHE-WA 0.015 0.005 273 0.045 0.100 155.56 22/03/2019 0.030 0.005 0.010 0.010 5155WA XINQUAN-WA 0.010 Unch 1250.1 0.085 0.880 947.06 24/06/2019 0.070 0.005 0.030 0.030 5155WB XINQUAN-WB 0.030 Unch 493.4 0.085 0.400 405.88 27/03/2021 0.110 0.035 0.085 0.080 0165WA XOX-WA 0.085 -0.005 4923.3 0.130 0.200 119.23 10/02/2019 0.185 0.050 0.085 0.080 7020WB YKGI-WB 0.085 0.010 5743.3 0.250 0.500 134.00 28/05/2020 0.090 0.075 0.085 0.085 4677C9 YTL-C9 0.085 0.010 1.5 1.510 1.400 3.97 07/12/2017 0.450 0.300 0.405 0.390 6742WB YTLPOWR-WB 0.405 Unch 32.6 1.530 1.140 0.98 11/06/2018 0.125 0.040 0.070 0.065 2283WA ZELAN-WA 0.065 -0.005 873.1 0.155 0.250 103.23 25/01/2019

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

AIRASIA (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 178,572,149 8/5BIMB 854,400 EMPLOYEES PROVIDENT FUND BOARD 199,309,201 8/5CONNECTCOUNTY 1,100,000 ANG CHUANG JUAY 18,114,124 11/5CYPARK RESOURCES (1,420,000) EMPLOYEES PROVIDENT FUND BOARD 4/5CYPARK RESOURCES (1,470,600) LEMBAGA TABUNG HAJI 16,253,200 4, 5, 8 & 9/5CYPARK RESOURCES 2,441,000 EMPLOYEES PROVIDENT FUND BOARD 14,535,000 3, 5 & 8/5DIALOG GROUP 911,200 EMPLOYEES PROVIDENT FUND BOARD 651,838,004 8/5DIGI.COM 1,364,200 EMPLOYEES PROVIDENT FUND BOARD 1,031,502,542 8/5GAMUDA (775,700) KUMPULAN WANG PERSARAAN 134,152,600 9/5 (DIPERBADANKAN)GAMUDA (554,400) EMPLOYEES PROVIDENT FUND BOARD 281,806,105 8/5GENTING PLANTATIONS 774,900 EMPLOYEES PROVIDENT FUND BOARD 128,370,600 8/5GLOBALTEC FORMATION (60,000,000) LEMBAGA TABUNG ANGKATAN TENTERA 8/5IGB REAL ESTATE (2,000,000) KUMPULAN WANG PERSARAAN 239,419,000 9/5INVESTMENT TRUST (DIPERBADANKAN)IHH HEALTHCARE 854,500 EMPLOYEES PROVIDENT FUND BOARD 807,700,110 8/5IJM CORPORATION (1,118,000) EMPLOYEES PROVIDENT FUND BOARD 522,936,058 8/5INARI AMERTRON (768,600) EMPLOYEES PROVIDENT FUND BOARD 108,923,550 8/5INARI AMERTRON 2,755,600 KUMPULAN WANG PERSARAAN 133,043,650 9/5 (DIPERBADANKAN) LUSTER INDUSTRIES (800,000) YAM TUNKU DATIN ANNE DAKHLAH 9/5 TUANKU MUNAWIRMALAYAN BANKING 8,000,000 AMANAHRAYA TRUSTEES 3,535,036,921 9/5 - SKIM AMANAH SAHAM BUMIPUTERAMAXIS 932,000 EMPLOYEES PROVIDENT FUND BOARD 742,334,618 8/5POS MALAYSIA (797,100) EMPLOYEES PROVIDENT FUND BOARD 64,725,836 8/5S P SETIA (4,000,000) KUMPULAN WANG PERSARAAN 285,054,193 9/5 (DIPERBADANKAN)S P SETIA 7,000,000 AMANAHRAYA TRUSTEES 811,579,449 9/5 - SKIM AMANAH SAHAM BUMIPUTERASAPURA ENERGY (2,107,000) EMPLOYEES PROVIDENT FUND BOARD 663,838,344 8/5SAPURA ENERGY (1,000,000) KUMPULAN WANG PERSARAAN 360,195,324 9/5 (DIPERBADANKAN) SUNWAY (838,900) EMPLOYEES PROVIDENT FUND BOARD 118,834,771 8/5TELEKOM MALAYSIA 2,981,800 EMPLOYEES PROVIDENT FUND BOARD 600,737,974 8/5TELEKOM MALAYSIA (1,660,000) AMANAHRAYA TRUSTEES 462,000,000 9/5 - SKIM AMANAH SAHAM BUMIPUTERATENAGA NASIONAL (8,934,300) AMANAHRAYA TRUSTEES 374,125,900 8 & 9/5 - SKIM AMANAH SAHAM BUMIPUTERATENAGA NASIONAL 3,873,700 EMPLOYEES PROVIDENT FUND BOARD 756,690,882 5/5VERSATILE CREATIVE (5,803,000) RICA (M) 17,846,170 8 & 11/5VOIR (5,000,000) WONG KWAI WAH 700,000 11/5VOIR (3,000,000) IBRAHIM SAHARI 860,000 11/5WCT (1,094,800) EMPLOYEES PROVIDENT FUND BOARD 102,327,355 8/5WCT (1,920,200) LEMBAGA TABUNG HAJI 111,949,922 9/5YTL CORPORATION 472,600 EMPLOYEES PROVIDENT FUND BOARD 723,638,697 4/5

COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION (DISPOSED) SHAREHOLDER AFTER CHANGE DATE

Insider moves (Filings on May 12, 2017)

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.

• Product launching of the 1st Gamifi cation Solution Platform in Malaysia at Dorsett

Kuala Lumpur, Jalan Imbi, Pudu, Kuala Lumpur from 9am to1pm.

• Minister in the Prime Minister’s Department (Economic Planning Unit) Datuk Haji Abdul Rahman Dahlan together with Gamuda group managing director Datuk Lin Yun Ling will present employment letters and graduation certifi cates to 100 local youths to start work on Mass Rapid Transit Line 2 at Tunnelling Training Academy, Jalan Anggerik Mokara, Section 31/48 Kota Kemuning, Shah Alam from 9.30am to 12.30pm

• Fonterra, the global leader in dairy will be reopening its Susumas dairy manufacturing plant in Shah Alam after nine months of upgrading works worth RM20 million at Susumas, 12, Jalan Delima 1/1, Subang Hi-tech Industrial Park, Shah Alam at 9.30am.

• Samsung Qled TV offi cial launch at Mid Valley Megamall, Centre Court, Lingkaran Syed Putra, Kuala Lumpur from 10am to noon.

• Fujifi lm launch of the new instax Square SQ18 and instax Mini 9 at Cornerstone Wisma Selangor Dredging, Event Space, Jalan Ampang, Kuala Lumpur City Centre, Kuala Lumpur from 10am to 12.30pm.

• U Mobile will be unveiling a refreshing new project and its newest off ering at Slate @ Th e Row, Jalan Doraisamy, Chow Kit, Kuala Lumpur,from 10am to 2pm.

• P&G will be launching “Daripada Ibu Kepada Ibu”, a nationwide campaign which calls on Malaysians to help ease the burden of single mothers, especially during this festive season at Talent Lounge, Jalan PJU 8/8, Damansara Perdana, Petaling Jaya from 10am to noon.

• Tadmax Resources Bhd’s extraordinary general meeting at Kuala Lumpur Seafood Market, Room KL1, Restaurant 1, Aras 5, Seksyen 59, Jalan Cenderawasih, Taman Tasik Perdana, Kuala Lumpur at noon.

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 $ 0.630 0.691 0.689 0.534 0.940 0.966 0.966 0.928 2.9912 4.761 55.686 4.685 2.537 9,190 44.250 78.380 5.875 34.290 2.515 2.591 6.087 23.854 5.379

EURO 1.588 1.097 1.095 0.849 1.493 1.534 1.534 1.474 4.7509 7.561 88.446 7.440 4.030 14,596 70.282 124.490 9.332 54.462 3.995 4.115 9.668 37.887 8.544

US $ 1.448 0.911 0.998 0.774 1.361 1.398 1.398 1.344 4.3300 6.892 80.610 6.781 3.673 13,303 64.055 113.461 8.505 49.637 3.641 3.750 8.812 34.530 7.787

SWISS FR 1.451 0.913 1.002 0.775 1.364 1.401 1.401 1.347 4.3391 6.906 80.779 6.795 3.681 13,331 64.190 113.699 8.523 49.741 3.649 3.758 8.830 34.603 7.803

STERLING £ 1.871 1.178 1.293 1.290 1.760 1.807 1.808 1.737 5.5978 8.909 104.212 8.767 4.748 17,198 82.810 146.681 10.995 64.171 4.707 4.848 11.392 44.640 10.067

CANADA $ 1.064 0.670 0.735 0.733 0.568 1.027 1.027 0.987 3.1813 5.063 59.225 4.982 2.699 9,774 47.062 83.361 6.249 36.469 2.675 2.755 6.474 25.370 5.721

BRUNEI $ 1.036 0.652 0.715 0.714 0.553 0.974 1.000 0.961 3.0975 4.930 57.665 4.851 2.628 9,516 45.822 81.165 6.084 35.508 2.605 2.683 6.303 24.701 5.571

SINGAPORE $ 1.035 0.652 0.715 0.714 0.553 0.973 1.000 0.961 3.0966 4.928 57.648 4.850 2.627 9,513 45.809 81.141 6.082 35.498 2.604 2.682 6.302 24.694 5.569

AUSTRALIA $ 1.077 0.678 0.744 0.743 0.576 1.013 1.040 1.041 3.2224 5.129 59.990 5.047 2.733 9,900 47.670 84.438 6.330 36.940 2.710 2.791 6.558 25.697 5.795

MALAYSIA RM 0.334 0.210 0.231 0.230 0.179 0.314 0.323 0.323 0.310 1.0000 1.592 18.617 1.566 0.848 3,072 14.793 26.203 1.964 11.464 0.841 0.866 2.035 7.975 1.798

100 CHINESE RMB 21.005 13.225 14.511 14.480 11.224 19.750 20.284 20.290 19.498 62.8310 1,170 98.399 53.298 193,029 929.480 1,646 123.416 720.266 52.833 54.419 127.861 501.053 112.995

100 BANGLAD’H TAKA 1.796 1.131 1.241 1.238 0.960 1.688 1.734 1.735 1.667 5.3716 8.549 8.412 4.557 16,502 79.463 140.753 10.551 61.577 4.517 4.652 10.931 42.836 9.660

100 DANISH KRONER 21.347 13.440 14.747 14.716 11.407 20.071 20.614 20.620 19.815 63.8530 101.63 1,189 54.164 196,169 944.60 1,673 125.42 731.98 53.69 55.30 129.94 509.20 114.83

100 UAE DIRHAM 39.411 24.814 27.226 27.169 21.060 37.056 38.059 38.070 36.584 117.8873 187.63 2,195 184.62 362,173 1,744 3,089 231.56 1,351 99.13 102.10 239.90 940.11 212.01

1000 INA RUPIAH 0.109 0.069 0.075 0.075 0.058 0.102 0.105 0.105 0.101 0.3255 0.518 6.060 0.510 0.276 4.815 8.529 0.639 3.731 0.274 0.282 0.662 2.596 0.585

100 INDIA RUPEE 2.260 1.423 1.561 1.558 1.208 2.125 2.182 2.183 2.098 6.7598 10.759 125.844 10.587 5.734 20,767 177.130 13.278 77.491 5.684 5.855 13.756 53.907 12.157

100 JAPAN YEN 1.276 0.803 0.881 0.880 0.682 1.200 1.232 1.232 1.184 3.8163 6.074 71.047 5.977 3.237 11,724 56.456 7.496 43.748 3.209 3.305 7.766 30.433 6.863

100 NORWEGIAN KRONER 17.020 10.716 11.758 11.733 9.095 16.003 16.436 16.441 15.799 50.9100 81.027 948 79.730 43.185 156,406 753.129 1,334 583.609 42.809 44.094 103.602 405.987 91.557

100 PHILIPPINE PESO 2.916 1.836 2.015 2.010 1.558 2.742 2.816 2.817 2.707 8.7233 13.884 162.398 13.662 7.400 26,800 129.047 228.580 17.135 7.335 7.555 17.752 69.565 15.688

100 QATAR RIYAL 39.758 25.032 27.465 27.407 21.245 37.382 38.393 38.405 36.905 118.9234 189.275 2,214 186.246 100.879 365,356 1,759 3,116 233.595 1,363 103.002 242.009 948.368 213.872

100 SAUDI RIYAL 38.599 24.302 26.665 26.609 20.625 36.293 37.274 37.285 35.830 115.4574 183.759 2,149 180.818 97.939 354,708 1,708 3,025 226.787 1,324 97.086 234.956 920.728 207.639

100 SWEDISH KRONOR 16.428 10.343 11.349 11.325 8.778 15.447 15.864 15.869 15.250 49.1400 78.210 914.820 76.958 41.684 150,968 726.945 1,288 96.523 563.319 41.321 42.561 391.872 88.373

100 THAI BAHT 4.192 2.639 2.896 2.890 2.240 3.942 4.048 4.050 3.891 12.5398 19.958 233.448 19.639 10.637 38,525 185.505 328.585 24.631 143.751 10.544 10.861 25.519 22.552

100 HK$ 18.590 11.704 12.842 12.815 9.933 17.479 17.952 17.957 17.256 55.6050 88.499 1,035.176 87.083 47.168 170,829 822.584 1,457 109.222 637.431 46.757 48.161 113.156 443.428

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

HSI-H93 0.265 0.220 0.230 4420.2WTK 0.955 0.945 0.950 744.4JTIASA-CN 0.045 0.040 0.045 1406VS-CN 0.150 0.150 0.150 10HSI-H2F 0.950 0.910 0.910 7.5HSI-H2B 0.390 0.380 0.380 55HSI-H2E 0.565 0.545 0.545 450HSI-H99 0.525 0.485 0.485 991.9SP500-H8 0.680 0.675 0.675 14AMBANK-CZ 0.085 0.080 0.085 2970.6UMW-C1 0.120 0.120 0.120 4HSI-H2D 0.320 0.320 0.320 20AIRASIA-HC 0.070 0.055 0.060 830HSI-H97 0.290 0.280 0.280 38EWINT-CD 0.050 0.050 0.050 10MALPAC 1.290 1.290 1.290 2UMW-CY 0.025 0.010 0.020 371.1VIVOCOM-WB 0.055 0.050 0.050 8669.7

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)

OCK-WA 0.390 0.365 0.385 14551.2DRBHCOMC26 0.180 0.140 0.155 21884DRBHCOMC30 0.315 0.285 0.295 3530.8DRBHCOMC32 0.145 0.115 0.120 26197.9TASCO 2.520 2.420 2.460 311.2LUXCHEM 1.870 1.810 1.820 1533.5HLBANK 14.280 14.020 14.040 950.6CCK 0.880 0.800 0.880 10732DUFU 1.570 1.490 1.540 3042.2OKA 1.600 1.560 1.590 953DRBHCOM 1.720 1.630 1.650 15321.6AEMULUS 0.535 0.510 0.520 7614.1PLABS 0.335 0.315 0.330 9056.1DAYANG 1.290 1.230 1.230 4208.6DRBHCOMC27 0.110 0.085 0.090 2920.8XDL-WC 0.160 0.110 0.140 5507.2DRBHCOMC33 0.155 0.125 0.130 6650.1DRBHCOMC28 0.270 0.245 0.245 1316.5

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

Foreign investment in Asian equities ( in US$ millions)

Zinc annual benchmark treatment charges

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

MAY/JUN 0.5 -0.5 0.0

INDEX AND FUTURES OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

Money market

Commodities

MAY/JUN 90MAY/JUL 237MAY/AUG 309JUN/JUL 147

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -74.293 MONTHS AVERAGE -96.516 MONTHS AVERAGE -90.50

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

MAY-17 2,920 60 487 1,894 -656JUN-17 2,830 62 3,956 16,958 -906JUL-17 2,683 32 27,573 65,733 -2,544AUG-17 2,611 32 22,826 63,052 -722SEP-17 2,563 35 8,465 42,138 -46

Palm buoyed by export numbers, rides on soyoil

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

Oil rises as Saudi, Russia back longer supply cut

METAL & PRECIOUS METALSTIN US$/TON KLTM 19,800 -100COPPER USC/IBS CMX 2.5445 0.0205GOLD US$/TROY OZ CMX 1,232.30 4.60PLATINUM US$/TROY OZ NYMEX 932.50 15.00PALLADIUM US$/TROY OZ NYMEX 810.65 8.15SILVER USC/TROY OZ CMX 16.68 0.31ALUMINIUM RMB/TON SHF 14,040 150ZINC RMB/TON SHF 21,365 -25

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 49.32 1.48HEATING OIL USC/GAL NYMEX 1.5375 0.0383NATURAL GAS US$/MMBTU NYMEX 3.459 -0.039BRENT CRUDE US$/BBL ICE 52.33 1.49GAS OIL US$/TON ICE 462.00 13.25

CRUDE PALM OIL RM/TON MDEX 2,683 32RUBBER SEN/KG MRB 642.00 9.50CORN USC/BSH CBOT 370.00 -1.00SOYBEANS USC/BSH CBOT 964.50 1.50WHEAT USC/BSH CBOT 428.75 -4.00LIVE CATTLE USC/IBS CME 121.78 2.10COCOA US$/TON NYBOT 2,050 35COFFEE USC/IBS NYBOT 133.50 -1.45SUGAR USC/IBS NYBOT 15.90 0.08COTTON USC/IBS NYC 74.58 0.86

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 May 15, 2017

200

625

1050

1475

1900

642.00(+9.50)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

1 - 10TH DAYS1- 15TH DAYS1 - 20TH DAYS1 - 25TH DAYSFULL MONTH

FEB’17 MAR’17 APR’17

337/341 250/254 312/307 502/521 507/492 573/567 904/924 686/711 719/705 916/907 903/907 891/866 1,018/1,008 1,089/1,076 1,135/1,126

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1200

1395

1590

1785

1980

May 15, 2017

1,777.50(+5.50)

Klibor

Implied interest rate (%)

Oct 1, 2000

3.50(Unch)

May 15, 2017

1.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

628.50(+4.00)

May 15, 2017

300

500

700

900

1100

CPO futures

FBM KLCI futures

MAY7 96.54 — — —JUN7 96.52 — — —JUL7 96.50 — — —SEP7 96.48 — — —DEC7 96.43 — — —MAR8 96.43 — — —JUN8 96.43 — — —SEP8 96.43 — — —DEC8 96.43 — — —MAR9 96.43 — — —JUN9 96.43 — — —SEP9 96.43 — — —DEC9 96.43 — — —MAR0 96.43 — — —JUN0 96.43 — — —SEP0 96.43 — — —DEC0 96.43 — — —MAR1 96.43 — — —JUN1 96.43 — — —SEP1 96.43 — — —DEC1 96.43 — — —MAR2 96.43 — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian palm oil futures climbed yesterday as market sentiment rose alongside higher exports fi gures ahead of festivities, and fi rm soyoil prices provided support. Th e benchmark palm oil contract for July delivery on Bursa Malaysia Derivatives was up 1.24% or RM32 at RM2,683 a tonne. “The market is reacting to positive sentiment over exports, as everyone is looking at better exports ahead of Ramadan,” said a Kuala Lumpur-based trader. Th e trader said upbeat export data could keep palm on an upward momentum, leading up to the festive period. Cargo surveyor Intertek Testing Services’ data yesterday showed exports of Malaysian palm oil products for the May 1 to May 15 period rose 8.9% to 617,697 tonnes, from 567,280 tonnes shipped during April 1 to April 15. Data from cargo surveyor Societe Generale de Surveillance released yesterday also indicated better exports for the same period, 7.1% higher to 613,465 tonnes from 572,910 tonnes shipped during April 1 toArpil 15. “Overnight soyoil prices have improved tremendously, lending support to palm as well,” he added. Soybean oil on the Chicago Board of Trade was up 0.40%, continuing northward after two sessions of gains, while the September soybean oil contract on the Dalian Commodity Exchange rose 0.34%. — Reuters

DEC’16 JAN’16 FEB’17 MAR’17

1,474 1,277 1,258 1,464 1,268 1,282 1,107 1,554 1,665 1,540 1,459 1,266

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 613 19.00% 586 18.00% 558SOUTH 20.00% 626 19.00% 597 18.00% 569CENTRAL 20.00% 615 19.00% 587 18.00% 559EAST COAST 20.00% 614 19.00% 586 18.00% 559SABAH 22.00% 601 21.00% 575 20.00% 550SARAWAK 22.00% 609 21.00% 583 20.00% 557

REGION GRADE A GRADE B GRADE C OER (RM/TON) OER (RM/TON) OER (RM/TON)

(IN RM/TON) MAY’17 JUN’17 JUL’17

CPO DELD 2,839.50 2,769.50 NO TRADEPK EX-MILL NO TRADE NO TRADE NO TRADECPKO DELD NO TRADE NO TRADE NO TRADERBD P.OIL FOB NO TRADE NO TRADE NO TRADERBD P.OLEIN FOB NO TRADE NO TRADE NO TRADERBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE

MPOB Palm oil physical

Oil hit a three-week high yesterday above US$52 a barrel after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018, a step towards extending an Opec-led deal to support prices for longer than originally agreed. Energy ministers from the two countries said yesterday that supply cuts should be prolonged for nine months, until March 2018. Th at is longer than the optional six-month extension specifi ed in the deal. Brent crude had risen US$1.49 to US$52.33 a barrel and traded intraday at US$52.52, the highest since April 24. US crude oil was up US$1.48 at US$49.32 a barrel. Oil traders were surprised by the strong wording of the announcement, although it remained to be seen whether all countries participating in the deal would agree with the Saudi-Russian stance. — Reuters

Commodities

since July 2015 and closed 0.27% fi rmer with fi nancials and consumer stocks driving the gains. — Agencies

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 May 15, 2017

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(+32)2,683

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 May 15, 2017

0.3317(RM3,163/tonne)

2,683(+32) 0.0000

0.1825

0.3650

0.5475

0.7300

1100

2425

3750

5075

6400

The US dollar started the week on the defensive yesterday, after US economic data came in shy of expectations and another missile test by North Korea over the weekend underpinned the perceived safe haven yen. Th e US dollar index, which tracks the greenback against a basket of six major rivals, was slightly lower on the day at 98.882. Th e US dollar slipped 0.1% against its Japanese counterpart to ¥113.28; while the euro edged down 0.1% to US$1.0924. “Th e data was weaker than expected, but not weak enough to keep the US dollar under pressure for long,” said Mitsuo Imaizumi, Tokyo-based chief foreign exchange strategist for Daiwa Securities. “Th e North Korean missile news over the weekend gave the yen some lift, but not much,” Imaizumi added. — Reuters

US dollar starts week under shadow of underwhelming data

Th e FBM KLCI futures contracts on Bursa Malaysia Derivatives ended higher yesterday. May 2017 and June 2017 added 5.5 points each to 1,777.5 and 1,777 respectively; September 2017 gained fi ve points to 1,773; and December 2017 was 4.5 points better at 1,769. Turnover decreased to 3,658 lots from 4,316 lots recorded last Friday, while open interest narrowed to 37,666 contracts from 38,487 contracts. Th e underlying benchmark FBM KLCI fi nished 2.78 points higher at 1,778.65. Singapore shares scaled a 21-month peak yesterday on upbeat corporate earnings, while Philippine shares closed lower as traders booked profi ts ahead of two major share off erings over the next couple of weeks. Singapore shares hit their highest level

FBM KLCI futures contracts end higher

Crude Oil

US$/bbl

Apr 10, 2007 May 15, 2017

49.32(+1.48)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 May 15, 2017

1,232.30(+4.60)

700

1020

1340

1660

1980

Long Rolls - KLCI futures

Index points

Jan 4, 2010

0.00(Unch)

May 15, 2017

-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

105.0 98.882(-0.37)

May 15, 2017

FBMKLCI 1,778.65 2.78 110.8M MAY 17 1,777.50 5.50 3,507 36,507 -1,341JUN 17 1,777.00 5.50 113 787 9SEP 17 1,773.00 5.00 25 257 8DEC 17 1,769.00 4.50 13 115 -3TOTAL 3,658 37,666 -1,327

MAY 17 17 2.48 4.56 -2.08JUN 17 47 7.12 6.50 0.62ROLL’S FAIR 2.70


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 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]; SUGUMARAN [[email protected]]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KUALA LUMPUR: Th e FBM KLCI rose 2.78 points or 0.2% to 1,778.65 yesterday in the fi nal trading minutes on late buying of Genting Bhd shares and as investors evaluated the impact of higher crude oil prices on the stock market. FBM KLCI-linked Genting Bhd shares rose seven sen to RM9.96 after 52.84%-owned subsidiary Genting Singapore PLC said net profi t rose signifi cantly to S$181.1 million in the fi rst quarter ended March 31, 2017 from S$10.84 million a year earlier. “Th e FBM KLCI erased losses when it is nearing the end of the trading hours. Th e market may consolidate depending on the corporate earnings announcement moving forward,” Areca Capital Sdn Bhd chief executive Danny Wong told theedgemarkets.com. Bursa Malaysia saw 3.74 billion shares worth RM3 billion change hands. Decliners outpaced gainers at 508 versus 421. Iskandar Waterfront City Bhd (IWCity) was the most-actively traded counter with 201.73 million shares traded after the stock hit limit up on bargain hunting. IWCity rose 49 sen or 30% to close at its intraday high at RM2.13 to become the third-largest gainer. Th e stock had in recent days fallen after Malaysian Government-owned TRX City Sdn Bhd said its planned sale of a 60% stake in Bandar Malaysia Sdn Bhd to IWH CREC Sdn Bhd was “null and void with immediate eff ect.” Malaysian shares could have also risen on higher crude oil prices, which led to gains in stocks including Petronas Dagangan Bhd and Petronas Chemicals Group Bhd. — by Yimie Yong

FBM KLCI rises at 11th hour on Genting; IWCity hits limit up

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)TENAGA NASIONAL 0.93 0.100 14.000 7302.8PETRONAS CHEMICAL 0.53 0.040 7.270 12434.7MISC 0.52 0.070 7.550 1329.2GENTING 0.43 0.070 9.960 7441.9AXIATA GROUP 0.30 0.020 5.350 2298.6HONG LEONG FINANCE 0.23 0.120 17.460 378.7YTL CORPORATION 0.18 0.010 1.510 2743.9HONG LEONG BANK 0.14 0.040 14.040 950.6DIGI.COM 0.13 0.010 5.110 3834.3TELEKOM MALAYSIA 0.12 0.020 6.480 3873.5WESTPORTS HOLDINGS 0.11 0.020 3.890 2592.4PETRONAS DAGANG 0.10 0.060 24.060 207.5BRITISH AMERICAN TOBACCO -0.12 -0.260 45.940 246.2CIMB GROUP -0.15 -0.010 5.940 7247.2AMMB HOLDINGS -0.25 -0.050 5.470 7253.4RHB BANK -0.40 -0.060 5.480 2034.6SUB-TOTAL 2.81 OTHERS -0.03 GRAND TOTAL 2.78

1,778.00 1,770.50 1,777.50 1,771.00 1,773.00 1,769.00

Market movers

DOW JONES 20,896.61 -22.81S&P 500 2,390.90 -3.54NASDAQ 100 5,686.81 12.59FTSE 100 7,435.39 48.76AUSTRALIA 5,838.40 1.50CHINA 3,090.23 6.72HONG KONG 25,371.59 215.25INDIA 30,322.12 133.97

INDONESIA 5,688.87 13.65JAPAN 19,869.85 -14.05KOREA 2,290.65 4.63PHILIPPINES 7,772.93 -42.60SINGAPORE 3,264.21 8.92TAIWAN 10,036.82 50.00THAILAND 1,537.42 -6.52VIETNAM 725.35 -0.02

CLOSE CHANGE CLOSE CHANGE

World equity indices

TURNOVER CHANGE CHANGE PRICE PE DIVIDEND (‘000) (RM) (%) (RM) RATIO YIELD (%)

Daily top 20 active stocks

DLADY 58.900 0.640PANAMY 36.440 0.540IWCITY 2.130 0.490LPI 18.700 0.460HENGYUAN 4.830 0.420F&N 25.080 0.400AJI 19.880 0.160AEONCR 18.200 0.160HSI-C96 0.760 0.150CCK 0.880 0.135GTRONIC 5.890 0.130MAGNI 5.230 0.130

BAT 45.940 -0.260HSI-H2E 0.545 -0.220HEIM 18.420 -0.180CAB 2.770 -0.170CAB-WA 2.170 -0.150UNISEM 3.390 -0.140TGUAN-LA 4.300 -0.130BKAWAN 18.760 -0.120TASEK 12.880 -0.120MBG 1.130 -0.120PHARMA 4.720 -0.120BURSA 10.080 -0.100

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by RM)

FGV-C18 0.010 100.00KINSTEL 0.070 55.56ENGKAH-WA 0.200 53.85XINGHE-WA 0.015 50.00EKOVEST-CA 0.120 50.00LPI-CB 0.135 42.11SCBUILD-WB 0.020 33.33UMWOG-C16 0.040 33.33IWCITY 2.130 29.88MPCORP 0.160 28.00HSI-C96 0.760 24.59PCCS 0.610 20.79

HSI-H85 0.005 -88.89HSI-H87 0.015 -57.14F&N-CB 0.015 -50.00AMBANK-CZ 0.085 -43.33MBMR-WA 0.015 -40.00SANICHI-WB 0.020 -33.33UMW-CY 0.020 -33.33BAUTO-CQ 0.045 -30.77HSI-H2E 0.545 -28.76IOIPG-CO 0.110 -26.67DSONIC-CT 0.015 -25.00CENSOF-WA 0.050 -23.08

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

FGV-C18 0.010 100.00ENGKAH-WA 0.200 53.85XINGHE-WA 0.015 50.00EKOVEST-CA 0.120 50.00LPI-CB 0.135 42.11SCBUILD-WB 0.020 33.33UMWOG-C16 0.040 33.33HSI-C96 0.760 24.59PCCS 0.610 20.79E&O-C5 0.120 20.00DPS-WA 0.030 20.00TFP-WA 0.100 17.65

HSI-H85 0.005 -88.89HSI-H87 0.015 -57.14F&N-CB 0.015 -50.00AMBANK-CZ 0.085 -43.33MBMR-WA 0.015 -40.00SANICHI-WB 0.020 -33.33UMW-CY 0.020 -33.33BAUTO-CQ 0.045 -30.77HSI-H2E 0.545 -28.76IOIPG-CO 0.110 -26.67DSONIC-CT 0.015 -25.00CENSOF-WA 0.050 -23.08

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

DNEX 148,891 -8.80 -0.055 0.570 0.630 0.560DNEX-WD 123,757 -12.12 -0.040 0.290 0.330 0.260BORNOIL 95,168 0.00 0.000 0.190 0.195 0.185KNM 94,056 7.14 0.020 0.300 0.310 0.285IRIS 88,173 2.56 0.005 0.200 0.210 0.190BORNOIL-WC 70,434 5.88 0.005 0.090 0.095 0.085REACH-WA 55,885 3.70 0.005 0.140 0.145 0.135HIBISCS 45,789 4.76 0.020 0.440 0.450 0.420PTRANS 45,613 11.76 0.030 0.285 0.285 0.255EKOVEST-WB 43,361 10.42 0.100 1.060 1.080 0.950KNM-WA 40,891 0.00 0.000 0.015 0.020 0.010OCR-PA 30,922 -5.26 -0.010 0.180 0.190 0.175MBSB 25,112 2.31 0.030 1.330 1.360 1.310KINSTEL 24,059 55.56 0.025 0.070 0.070 0.060DRBHCOMC26 21,884 3.33 0.005 0.155 0.180 0.140PCHEM-C10 21,759 3.85 0.005 0.135 0.135 0.105

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 May 15, 2017

1,778.65(+2.78)

1,759.40

820.0

1122.5

1425.0

1727.5

2030.0

0

300

600

900

1770

1771

1772

1773

1774

1775

1776

1777

1778

1779

1780

17:1516:3015:3014:3012:4511:3010:309:308:45

Index point

KL Composite Index

KLCI futures

1,777.50 (+5.50)

1,778.65(+2.78)

MAY 17 1,777.50 5.50JUN 17 1,777.00 5.50SEP 17 1,773.00 5.00

The longer I live, the more beautiful life becomes. — Frank Lloyd Wright

IWCITY 201,729.9 0.490 29.88 2.130 — 0.00DNEX 148,891.4 -0.055 -8.80 0.570 4.42 0.80GLOTEC 143,441.4 -0.005 -8.33 0.055 — 0.00NETX 135,672.2 UNCH UNCH 0.085 — 0.00DNEX-WD 123,757.2 -0.040 -12.12 0.290 — 0.00BORNOIL 95,167.7 UNCH UNCH 0.190 12.10 0.00KNM 94,056.4 0.020 7.14 0.300 — 0.00IRIS 88,172.7 0.005 2.56 0.200 — 0.00EKOVEST 79,150.5 0.120 9.84 1.340 11.47 0.98AAX 74,133.2 0.005 1.00 0.505 9.84 0.00BORNOIL-WC 70,433.5 0.005 5.88 0.090 — 0.00REACH-WA 55,884.7 0.005 3.70 0.140 — 0.00HIBISCS 45,788.9 0.020 4.76 0.440 2.69 0.00PTRANS 45,612.7 0.030 11.76 0.285 13.49 0.00EKOVEST-WB 43,361.2 0.100 10.42 1.060 — 0.00KNM-WA 40,890.8 UNCH UNCH 0.015 — 0.00SKH 39,995.3 -0.015 -10.34 0.130 — 0.00JAG 36,331.5 0.005 3.45 0.150 85.29 0.00NETX-WB 35,353.1 UNCH UNCH 0.040 — 0.00OCR-PA 30,922.1 -0.010 -5.26 0.180 — 0.00

1,778.65 2.78 6,490.56 52.30 3,264.21 8.92 19,869.85 14.05 25,371.59 215.25 20,896.61 22.81 1,778.65 2.78 6,490.56 52.30 3,264.21 8.92 19,869.85 14.05 25,371.59 215.25 20,896.61 22.81 KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES 1,778.65 2.78 6,490.56 52.30 3,264.21 8.92 19,869.85 14.05 25,371.59 215.25 1,778.65 2.78 6,490.56 52.30 3,264.21 8.92 19,869.85 14.05 25,371.59 215.25

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