issue 2344/2017 financial daily - the edgetefd.theedgemarkets.com/2017/tep/20170207sm2v6i.pdf ·...

FBM KLCI 1691.24 6.23 KLCI FUTURES 1691.00 6.50 STI 3056.91 14.97 RM/USD 4.4250 CPO RM3070.00 15.00 OIL US$56.77 0.04 GOLD US$1223.80 4.20

‘Singapore seizes US$35m private jet belonging to Jho Low’ 3 H O M E B U S I N E S S

FINANCIALDAILY

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

M A K E B E T T E RDECISIONS

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

TUESDAY FEBRUARY 7, 2017 ISSUE 2344/2017

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




1 1 H O M E

Impact of China’s slowing economic growth

KIP REIT down 0.5% on maiden trading day

AWC sees demand potential for STREAM system overseas

M’sia end-January palm oil stocks seen falling to fi ve-month low — survey

Emphasise basic strengths, Najib tells civil servants

Perak Sultan: NEP was a magical touch 1 2 H O M E

Koperasi Permodalan Felda’s SALE OF FGV SHARES RAISES EYEBROWS

Five million shares sold at about 58% below KPF’s cost. Chester Tay has the story on Page 3.




growth



M’sia end-January palm oil stocks seen falling to five-month fifilow — survey

FFFFFiivvvveeee mmiilllllliiooonnn sshhhaaarrreeess sssssooooolllddd aaaaaaaaaattt aaaaaaabbbbbbooooouuuuuutttt 555558888888888%%%%%% bbbbbeeeeelllloooowwww KKKKKKKKKKPPPPPFFF’’ss cccoooostttt.. CChheesssttteerr TTTTTTaaayy hhhhhhhhhhaaaaaasss tthhheee ssssttoooooorrrryyyyy ooonnnn Page 3.

Th 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

www.theedgeproperty.com

FBM KLCI 1691.24 6.23 KLCI FUTURES 1691.00 6.50 STI 3056.91 14.97 RM/USD 4.4250 CPO RM3070.00 15.00 OIL US$56.77 0.04 GOLD US$1223.80 4.20

‘Singapore seizes US$35m private jet belonging to Jho Low’ 3 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 FEBRUARY 7, 2017 ISSUE 2344/2017





1 1 H O M E

Impact of China’s slowing economic growth



M’sia end-January palm oil stocks seen falling to fi ve-month low — survey


Perak Sultan: NEP was a magical touch 1 2 H O M E

Koperasi Permodalan Felda’s SALE OF FGV SHARES RAISES EYEBROWS

Five million shares sold at about 58% below KPF’s cost. Chester Tay has the story on Page 3.

http://www.theedgemarkets.com

2 TUESDAY FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY

For breaking news updates go towww.theedgemarkets.com

O N E D G E T V

www.theedgemarkets.com

Fixing an ailing Felda

BY D I N E S H N A I R , R U T H D AV I D, A N D R E A TA N & J OYC E KO H

BY M AT T H E W M A R T I N& A R C H A N A N A R AYA N A N

Jamal announces resigna-tion as Sungai Besar headKUALA LUMPUR: Datuk Seri Jamal Md Yunos has announced his resignation as head of Umno Sungai Besar division as well as all posts he held in non-govern-mental organisations. Th e chair-man of the Gabungan Gerakan Merah Malaysia announced his resignation after he was re-leased from police custody at the Ampang Jaya District Po-lice Headquarters at about 7pm yesterday. A 1.21-minute video recording of the announcement of his resignation was posted on his offi cial Facebook account yesterday night. Last Th ursday, Jamal was detained at his house and remanded for fi ve days be-ginning last Friday to help in the investigations into raids on several gambling premises in Selangor. — Bernama

Investors shun French bonds on election jittersLONDON: Investor uncertain-ty about France’s presidential election took its toll on French bonds yesterday, pushing up the premium investors’ demand for holding French over Ger-man government bonds to its highest in almost four years. Th e move came after far-right National Front leader Marine Le Pen launched her presiden-tial bid, vowing to fi ght globali-sation and take France out of the eurozone. French 10-year bond yields rose to 17-month highs while nervous investors pushed yields on top-rated Ger-man bonds to their lowest level in almost two weeks. — Reuters

‘Greek bailout plan would end if IMF pulled out’BERLIN: Germany believes the International Monetary Fund (IMF) will remain on board with Greece’s bailout, a fi nance minis-try spokesman reiterated yester-day, but said that an IMF decision to pull out would mean the end of the current programme. Finance Minister Wolfgang Schaeuble has already made clear that if the IMF were not to participate, “then the programme is over”, spokesman Juerg Weissgerber said during a news conference when asked about an expected decision by the IMF board on Greece. — Reuters

I N BR I E F

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

Publisher and Group CEO Ho Kay Tat

EDITORIALFor News Tips/Press ReleasesTel: 03-7721 8219 Fax: 03-7721 8038Email: [email protected]

Editor-in-Chief Azam ArisExecutive Editors Kathy Fong,Jenny Ng, Siow Chen Ming, Ooi Inn Leong, Diana KhooAssociate Editors R B Bhattacharjee, Joyce Goh, Jose Barrock,Vasantha GanesanEditors Cindy Yeap, Kang Siew LiAssistant Editors Adeline Paul Raj,Tan Choe Choe, S Kanagaraju Chief Copy Editor Halim YaacobSenior Copy Editor Melanie ProctorCopy Editors Tham Yek Lee,Tham Kid ChengArt Director Sharon KhohDesign Team Cheryl Loh, Valerie Chin, Aaron Boudville, Aminullah Abdul Karim, Tun Mohd Zafi an Mohd Za’abah, Noorain Duasa

EDITORIAL ADMINISTRATIONManager Katherine TanSenior Coordinator Maryani Hassan

CORPORATE Chief Operating Offi cer Lim Shiew Yuin

ADVERTISING & MARKETING To advertise contactGL: (03) 7721 8000 Fax: (03) 7721 8288Chief Commercial Offi cer Sharon Teh (012) 313 9056General Manager Kingston Low (012) 278 5540Senior Sales ManagersFong Lai Kuan (012) 386 2831Gregory Thu (012) 376 0614Kamalesan Parama (012) 394 4855Michael Tan (012) 213 0252Creative Marketing Chris Wong (016) 687 6577Head of Marketing Support & Ad Traffi cLorraine Chan (03) 7721 8001Email: [email protected]

OPERATIONSTo order copyTel: 03-7721 8034 / 8033Fax: 03-7721 8282Email: [email protected]

TheEdgeProperty.com

Managing Director/Editor-in-ChiefAu Foong YeeEditor Lam Jian WynContributing Editor Sharon KamAssistant Editor James Chong

MARKETING & ADVERTISINGAccount Director Sharon Chew (012) 316 5628

BUSINESS DEVELOPMENTSenior Manager Elizabeth Lay

SINGAPORE: Singapore is con-sidering a range of measures to lure a listing from energy giant Saudi Arabian Oil Co, according to people familiar with the mat-ter, as global exchanges compete for a slice of what could be the world’s largest-ever initial public off ering (IPO).

Th e island nation is studying proposals including inviting one of its state investment companies to become a cornerstone investor in Aramco’s IPO, as well as poten-tial Singapore cooperation with the Saudi government on future investments, the people said. Sin-

Singapore said to plan slew of incentives to lure Aramco IPO

gapore Exchange Ltd management including chief executive offi cer Loh Boon Chye visited Saudi Ara-bia late last year to pitch a listing on the bourse, according to the people who asked not to be iden-tifi ed as the information is private.

Singapore, the biggest oil trading centre in Asia, is hoping a full pack-age of government incentives will give it a better chance of winning a piece of the listing than a stand-alone proposal from the stock ex-change, the people said. Aramco has yet to make a fi nal decision on the venue for the IPO, and Singapore faces challenges from larger inter-national exchanges, the people said.

Th e country’s plan shows the ex-tent to which Asian economies are

vying for a share of the IPO, which is estimated to be about US$100 bil-lion (RM443 billion) in size. Aramco offi cials have also received pitches on a potential Hong Kong listing for the company, which could come with anchor investments from Chi-nese funds, people familiar with the matter said last year. Company executives have also mentioned the possibility of listing in London, New York, Tokyo or Canada.

Th e biggest Singapore IPO by a foreign company was the US$980 million off ering in 2006 from Th ai Beverage Pcl, the maker of Chang beer backed by billionaire Char-oen Sirivadhanabhakdi, according to data compiled by Bloomberg. — Bloomberg

KUALA LUMPUR: Datuk Seri Anwar Ibrahim told the High Court here yesterday that plans to take over the government on Sept 16, 2008 failed after his proposal to call for a special Dewan Rakyat sitting was rejected by then prime minister (PM) Tun Abdullah Ahmad Badawi.

Anwar,69, said he had written a letter to the Dewan Rakyat Speak-er as part of the process to get the PM’s consent to hold a special De-wan Rakyat sitting with a notice to get a vote of no confi dence against the PM.

“However, the letter was not re-plied [to] and Abdullah rejected the proposal for a Special Parliament

sitting,” he said when questioned by counsel Tan Sri Muhammad Shafee Abdullah, who represented Youth and Sports Minister Khairy Jamaluddin in Anwar’s suit against Khairy.

Anwar also agreed with Muham-mad Shafee that he had succeeded in obtaining suffi cient support from Barisan Nasional, with 30 to 40 of its members of parliament (MPs), willing to cross over.

The former opposition lead-er however disagreed with Mu-hammad Shafee’s suggestion that he had concocted the story that there would be a change of gov-ernment on Sept 16, 2008 and

lied to many of the BN MPs.“Since we were unable to hold

the Special Parliament sitting, the process [of changing the govern-ment] was thwarted and 40 MPs were fl own to Taiwan to attend an agriculture seminar.”

Anwar also denied that he had plans to topple Tun Dr Mahathir Mohamad as PM in 1998.

“Mahathir was convinced that I planned to topple him after ‘some people’ informed him of it,” An-war said.

Earlier, the court rejected the application by Muhammad Shafee to use three previous cases faced by Anwar including two cases in-

volving sodomy, as a reference in the civil suit.

On March 7, 2008, Anwar fi led a suit against Khairy for compen-sation of RM100 million claiming that Khairy, then Umno Youth vice head, made defamatory remarks about him in a talk given in Lem-bah Pantai on Feb 20, 2008.

Anwar, who was represented by counsel R Sivarasa, claimed that the defamatory remarks and vid-eo clip titled “Anwar and kin no threat” were uploaded on to several websites, including Malaysiakini.

Th e proceedings of the case in the presence of Justice Azizul Azmi Ad-nan continues on Friday. — Bernama

Plans to take over government fell through, Anwar tells court

DUBAI: Saudi Arabian Oil Co has picked four banks to advise on its fi rst bond sale, two people famil-iar with the matter said, ahead of plans for the world’s largest initial public off ering (IPO).

Saudi Aramco, as the company is known, selected HSBC Holdings plc’s local unit and Riyad Capital to help with the sale of riyal-denom-inated Islamic bonds, or sukuk, before the end of June, said the people, asking not to be identifi ed as the information is private.

NCB Capital Co and Alinma In-vestment Co are also working on the deal that could be followed by dollar-denominated bonds, two other people said. Th e sukuk is part

‘Aramco hires banks for fi rst bond sale’Th is is ahead of plans for world’s largest IPO

of Aramco’s plans to raise as much as US$10 billion (RM44.3 billion) in bonds this year, one of the peo-ple said. Aramco and HSBC Saudi Arabia declined to comment, while Riyad Capital, NCB Capital and Al-inma Investment didn’t respond to requests for comment.

Aramco, the world’s largest oil producer, is preparing to sell bonds ahead of an IPO in 2018. Th e Saudi Arabian government’s debut of-fering in October raised US$17.5 billion in the biggest-ever emerg-ing-market sale. Middle East and North African countries sold almost US$80 billion of bonds last year, the most since Bloomberg started compiling data in 1999.

Although Aramco hasn’t sold bonds before, two of its units have. Sadara Chemical Co, a joint venture

between Aramco and Dow Chemical Co, raised 7.5 billion riyals (RM8.86 billion) in 2013, while the compa-ny’s joint venture with Total SA sold 3.75 billion riyals of sukuk in 2011.

Saudi Arabia plans to sell less than 5% of Aramco as part of plans by Deputy Crown Prince Mohammed Salman to set up the world’s biggest sovereign wealth fund and reduce the economy’s reliance on hydrocarbons. With the government valuing Aram-co at US$2 trillion, its estimated IPO size would make it the largest ever, dwarfi ng the US$25 billion raised by Chinese Internet retailer Alibaba Group Holding Ltd in 2014.

Aramco asked banks including Goldman Sachs Group Inc and HSBC to pitch for an advisory role on the IPO last month, people said at the time. — Bloomberg

H O M E B U S I N E S S 3TUESDAY FEBRUARY 7, 2017 • THEED G E FINANCIAL DAILY

KPF’s sale of FGV shares raises eyebrowsShares sold at about 58% below KPF’s cost

Fitch sees downside risk to Sime Darby ratings if it loses controlling stake

BY C H E S T E R TAY

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

SINGAPORE: Singapore has reported-ly seized a US$35 million (RM155.05 million) private jet belonging to 1Ma-laysia Development Bhd (1MDB) “mastermind” Low Taek Jho, also known as Jho Low.

Th e Bombardier Global 5000 jet has been impounded by authorities and grounded at Singapore’s Seletar Airport for the past two weeks, ac-cording to the Sarawak Report.

Th e aircraft is part of some US$1 billion in assets allegedly acquired with funds siphoned off from 1MDB that the US government is moving to seize.

‘S’pore seizes US$35m private jet belonging to Jho Low’ BY J U D E C H A N Th e US alleges that the funds were

laundered through the US banking system and is seeking to confi scate Low’s private jet, as well as other properties including a US$100 mil-lion interest in EMI Music Publishing Group and a US$380 million stake in the Park Lane Hotel in New York.

Th e US Department of Justice in July 2016 fi led a series of complaints alleging that funds diverted from 1MDB were used for the personal benefi t of public offi cials and their relatives and associates to purchase luxury real estate in the US, pay gam-bling expenses at Las Vegas casinos and acquire more than US$200 mil-lion in artworks.

US authorities also accused Red Granite Pictures of using US$100 mil-lion that was diverted from 1MDB to fi nance the fi lm Th e Wolf of Wall Street.

1MDB is at the centre of several international investigations by prose-cutors in at least four countries — Sin-gapore, Switzerland, Luxembourg and the US — into alleged corruption and money laundering by public offi cials.

Low’s private jet played a role in Singapore courts last year at the trial of former BSI Bank wealth planner Yeo Jiawei. A photograph taken by Yeo, which showed Low in his pri-vate jet just before the plane took off for a midnight fl ight from Sin-

gapore to Hong Kong, had been presented in court.

Yeo was sentenced to a total of 30 months’ jail after he was convicted of four charges of witness tampering in what has been described as the largest and most complex money laundering case seen so far.

Yeo was found to have frustrated investigations into illegal money fl ows from accounts, individuals and enti-ties linked to 1MDB.

Prosecutors said Yeo had amassed a net worth of some S$23.9 million in just 15 months through “secret profi ts” after he left the bank in June 2014 to work for Jho Low. — theedge-markets.com.sg

KUALA LUMPUR: Fitch Ratings sees a downside risk to Sime Darby Bhd’s credit ratings if the group does not retain a majority stake in the plantation and prop-erty units upon listing.

The international rating agency said its BBB+ rating with a stable outlook on Sime Darby is based on the group’s consoli-dated profi le.

“The rating factors are the group’s strong operational and strategic linkages with its key subsidiaries, including the plan-tation and property divisions, in addition to its ownership of 100% stakes in the subsidiar-ies,” said Fitch in a statement yesterday.

Thus, should Sime Darby lose its controlling stakes in the units, with the intention of creating independent plan-tation- and property-focused entities with minimal opera-tional or strategic overlap with the remaining business, Sime Darby’s cash fl ows would be sig-nifi cantly reduced and it would likely see higher earnings vola-tility, leading to a weaker busi-ness profi le.

On Jan 26, 2017, Sime Dar-by announced that it plans to create plantation and property pure plays to be listed on Bursa Malaysia.

“Th e listed entities will bear the Sime Darby brand name and focus on their respective core activities. Th e group intends to keep its key heavy equipment (industrial) and automotive (motor) dealership businesses and to retain its listed status. However, details regarding pro-posed shareholdings and debt structures for the various enti-ties are currently unavailable,” said Fitch.

Th e plantation and property divisions together contributed around 70% of Sime Darby’s consolidated earnings before interest, taxes, depreciation and amortisation (Ebitda) in the fi -nancial year ended June 30, 2016 (FY16).

Fitch noted that the group’s consolidated Ebitda had de-clined by around 20% over the three-year period to FY16. “However, the drop excluding the plantation and property units was a higher 45%.”

Nevertheless, Fitch said it will reassess the group’s cred-it profile once further details of its post-listing shareholding and debt structure are available.

Sime Darby is expected to provide more information fol-lowing its board’s review of its half-yearly results later this month.

Sime Darby shares closed down four sen or 0.44% at RM9 yesterday, bringing a market cap-italisation of RM61.07 billion.

KUALA LUMPUR: While views may be divided over whether Koperasi Permodalan Felda Malaysia Bhd’s (KPF) sale of fi ve million shares in Felda Global Ventures Holdings Bhd (FGV) is anything out of the ordinary, the move certainly raises eyebrows.

In a fi ling with Bursa Malaysia yesterday, FGV said KPF made the disposal on Jan 27 and is left with 206.76 million shares or a 5.67% direct interest in the palm oil con-glomerate.

Th e transacted price was not dis-closed. Th e counter traded between RM1.80 and RM1.89 on the open market on Jan 27, while off -market deals were done at prices ranging from RM1.81 to RM1.89, according to data from Bloomberg.

FGV’s closing price on Jan 27 was RM1.87.

According its 2015 annual report, KPF’s cost of investment per FGV share was RM4.50, which is 58% more than the highest transacted price on Jan 27 this year.

While the volume may be small at fi ve million shares compared to its original stake of 211.76 million, the transaction raises the question as to why KPF was willing to make the disposal at a loss.

Also worth noting is the familial ties between the two entities. KPF is a cooperative that was set up in 1980 with the aim of advancing the economic status of Federal Land De-velopment Authority (Felda) settlers through equity participation that would provide them with a form of savings and investment.

KPF had a 51% stake in the group’s commercial unit Felda Hold-ings Bhd (FHB) until it was disposed to FGV in 2013. Felda held the other 49% until it was transferred to FGV.

Just before the listing, eight set-tlers failed in their bid to prevent

KPF from transferring its 51% in FHB to FGV. In any case, FGV’s listing in June 2012 went ahead with the 51% stake in FHB.

Th e stake was fi nally sold in 2013 to FGV for RM2.2 billion cash.

Then on Feb 26, 2014, Felda’s wholly-owned subsidiary Felda As-set Holdings Co Sdn Bhd, disposed 5% of its 18.66% stake in FGV to KPF for RM825.30 million.

In its 2014 annual report, Felda said the disposal price was based on the fi ve-day weighted average share price without any discount.

Nevertheless, some argued that the disposal of KPF’s fi ve million FGV shares may be a normal course of business as the shares transacted represented a small fraction of its total shareholding in the agribusi-ness giant.

When contacted, a local bank-backed research fi rm’s analyst told Th e Edge Financial Daily that there are many reasons for an investor like KPF to make such a disposal.

“It applies to all kind of inves-tors, not only KPF. It could be just a portfolio adjustment, or a change in fund manager. An investor may not invest and wait until there is a profi t before selling it. As to why, the best person to answer is KPF,” she said.

KPF chairman Datuk Hanapi Su-hada was not contactable for com-ment.

FGV’s share price hit a historical high of RM4.83 in early July 2012, slightly more than a week after its listing, before the counter declined by about 60% to lose some RM10 billion in market capitalisation.

Last December, the Employees Provident Fund (EPF) announced that it had ceased to be a sharehold-er in FGV after “gradually selling down” its stake.

EPF assured its members that it practises “high standards” of corpo-rate governance in its investments, with “robust policies” on risk control and asset allocation.

EPF was one of the cornerstone investors in FGV’s public listing in 2012.

Th e other major shareholders in FGV include Lembaga Tabung Haji (7.87%), Kumpulan Wang Persaraan (Diperbadankan) (7.07%) and the Pahang state government (5%).

Other than FGV, KPF’s invest-ments in the capital market include a 1.87% stake in Boustead Planta-tions Bhd, Brahim’s Holdings Bhd (4.55%), Iris Corp Bhd (0.98%), Mah Sing Group Bhd (4.86%), MSM Ma-laysia Holdings Bhd (15.25%), Pan-

tech Group Holdings Bhd (10.28%), Dayang Enterprise Holdings Bhd (0.93%) and Gas Malaysia Bhd (0.27%).

As at Dec 31, 2015, KPF’s portfo-lio in the capital market was valued at RM1.02 billion, versus an invest-ment cost of RM1.56 billion.

FGV closed one sen or 0.54% higher at RM1.85 yesterday, giving it a market capitalisation of RM6.75 billion.

Felda has been under the spot-light recently as it proceeded with the controversial acquisition of a 37% stake in Indonesian palm oil group PT Eagle High Plantations Tbk for US$505.4 million (RM2.24 billion).

Th is was followed by the Malay-sian Anti-Corruption Commission’s (MACC) arrest of fi ve high-ranking personnel from Felda for alleged corruption involving a sturgeon fish-rearing project worth about US$100 million.

Th e MACC also arrested Iris Corp deputy managing director Datuk Hamdan Mohd Hassan for off enc-es linked to an e-passport project in the Republic of Guinea. Felda owns a 21.33% stake in Iris Corp.

Towards the end of 2016, Umno veteran Tan Sri Shahrir Abdul Sam-ad was appointed as Felda’s new chairman, taking over Tan Sri Mohd Isa Abdul Samad, who remains as FGV’s chairman.

Mohd Isa is also the chairman of FGV’s 51%-owned MSM Malaysia, Felda Holdings and Pontian United Plantations Bhd, both wholly-owned by FGV. He also chairs Encorp Bhd, in which Felda has a 72.27% stake.

After succeeding Mohd Isa, Shahrir, tasked with revamping Fel-da, ordered all members of Felda Investment Corp Sdn Bhd’s (FIC) board to resign in order to facilitate the reorganisation of the company.

FIC is Felda’s wholly-owned in-vestment arm.

Felda has been under the spotlight as it proceeded with the controversial acquisition of a 37% stake in PT Eagle High for US$505.4 million, followed by the MACC’s arrest of fi ve high-ranking Felda personnel for alleged corruption. Photo by Shahrin Yahya

4 H O M E B U S I N E S S TUESDAY FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY

Palm oil export to China to rise 5% to 10% in 2017 — analystsCPO prices are projected to trade in ‘RM3,000 to RM3,300 per tonne range’ this month

BY S U P R I YA S U R E N D R A N

BY S U L H I A Z M A N

Ideal Property Group chief resigns from Mega Sun City board

EDITOR’S PICKS FROMtheedgemarkets.com

KUALA LUMPUR: Datuk Alex Ooi Kee Liang has resigned as managing director of Mega Sun City Holdings Bhd.

In a fi ling with Bursa Malaysia yesterday, Mega Sun City said that Ooi, 46, has resigned due to other personal commitments.

Ooi is no stranger to the Penang property scene. He is the executive chairman of Ideal Property Group, which is famed for its aff ordable and medium

range developments on the island.In a separate fi ling with the ex-

change, Mega Sun City announced that its executive director, Datuk Liang Chee Fong, 44, had been redesignated to the role of manag-ing director following Ooi’s resig-nation.

Ooi relinquished his substan-tial stake in Mega Sun City in No-vember 2015. He disposed of 41.39 million shares, representing a 22% stake in the company.

At the same time, Klang-based company Success Tower Sdn Bhd

purchased 49.05 million shares in Mega Sun City, which was then known as Ideal Sun City Holdings Bhd, bringing its total shareholdings in the company to 58.05 million or a 31.27% stake.

Mega Sun City provides pro-ject management services for commercial and residential property developments.

Its shares closed down 0.5 sen (1.47%) to 33.5 sen yesterday, giving a market capitalisation of RM63.65 million.

KUALA LUMPUR: Th e Retirement Fund Inc (KWAP) bought back some 2.09 million shares in Sime Darby Bhd on the day the conglom-erate proposed the creation of three pure-play stand-alone businesses.

In a fi ling with Bursa Malaysia yesterday, KWAP said it acquired the shares, representing a 0.03% stake, in Sime Darby on Jan 26.

Th e company did not state the price it paid for the stake. Sime Dar-by shares closed at RM8.82 on Jan 26.

A day earlier, on Jan 25, KWAP disposed of 2.77 million shares,

KWAP buys back Sime Darby shares after new business planBY A D E L A M EG A N W I L LY representing a 0.04% stake, in

Sime Darby. Th e closing price that day was RM8.70.

KWAP now holds 312,500,355 shares or a 4.6% stake in Sime Darby.

Sime Darby on Jan 26 an-nounced that it planned to fl oat the shares in its plantation and property units, while keeping its trading and logistics business under the current listed entity.

Th e move, it said, would en-able each sector to pursue their objectives with greater focus and agility in order to maximise value for all its shareholders.

KUALA LUMPUR: Malaysia’s palm oil export to China is projected to rise 5% to 10% in 2017 after slip-ping 21% to 1.9 million tonnes in 2016 from 2.4 million tonnes in 2015 as the latter’s stockpile re-duces, say analysts.

CIMB Investment Bank Bhd analyst Ivy Ng said palm oil price would also be more competitive against other vegetable oils with growing supply of the commodity.

In the past two years, Malaysia’s export to China fell nearly 50% in 2016 from 3.7 million tonnes in 2014, striving to catch up with Indonesia’s export volume, which stood at 3.4 million tonnes last year.

According to Plantation Indus-tries and Commodities Minister Datuk Seri Mah Siew Keong, on

BY S A N G E E T H A A M A R T H A L I N G A M Feb 3, Malaysia beat Indonesia’s export volume to China due to a production growth of 56.3% in the second half of last year (2H16).

Industry sources who shared figures on Indonesia’s palm oil export to China documented over China’s General Administration of Customs showed, however, that Malaysia’s Chinese export at 1.9 million tonnes in 2016 was never-theless lower by about 35% com-pared with Indonesia’s.

According to data from the Ma-laysian Palm Oil Board (MPOB), in 2016, by country, China was the second-largest market for Malay-sian palm oil behind India.

“Th e decline was due to higher imports of soya bean for domestic crushing activity, which amount-ed to 74.2 million tonnes [up by 2.2% during January-November 2016] against 72.6 million tonnes

during the same period in 2014,” MPOB said on its website.

In the meantime, Ng noted that the waning eff ect of El Nino, which could see a rise in fresh fruit bunch production, is expected to push supply of palm oil up in propor-tion to meet the demand and that could lead to price undercutting by Indonesia.

“If Indonesia’s supply rises, then they could undercut Malaysia’s pricing. Th ey might not be willing to hold the stock long. Malaysia is stronger, so we would wait for the right time to sell,” she told Th e Edge Financial Daily.

She said demand would remain stable while the negative impact on supply due to El Nino is expected to recover by the end of July.

“We believe with the improve-ment in production and China’s diminishing stockpile as it auc-

tioned off its rapeseed oil from last year, it could push our exports up between 5% and 10% this year,” she said.

Kenanga Investment Bank Bhd analyst Voon Yee Ping said Chinese demand came off last year because

KUALA LUMPUR: Gabungan AQRS Bhd’s wholly-owned sub-sidiary Nusvista Development Sdn Bhd is selling its leasehold land in Mukim Sungai Buloh, Petaling Jaya for RM55.69 mil-lion cash.

Nusvista yesterday signed a sale and purchase agreement with Gadang Construction Sdn Bhd, according to the construc-tion and property fi rm.

It said the land measures 10,779 sq m, equivalent to 2.66 acres or 116,024.19 sq ft. At a price tag of RM55.69 million, this means that Gadang Construction is buying the land at RM479.99 per sq ft.

Gabungan AQRS sells land for RM55.69mWith interest in earthworks,

building and civil engineering con-tractor activities, Gadang Construc-tion is a wholly-owned subsidiary of Gadang Holdings Bhd, which is listed on the Main Market of Bursa Malaysia.

In a fi ling with the local bourse yesterday, Gabungan AQRS said the move to sell the land is part of its ongoing monetisation programme to raise funds.

Gabungan AQRS said the pro-ceeds from the sale of the land may be used to repay bank borrowings, which is part of its de-gearing ex-ercise to strengthen its fi nancial footing. It also said the proceeds may be used as working capital to fund its construction works.

Th e transaction is expected to be

201620152014

Malaysia’s palm oil export

to China 2014 to 2016

Source: Malaysian Palm Oil Board

0

0.5

1.0

1.5

2.0

2.5

3.0Tonne (Million)

2.8

2.4

1.9

of high stock levels in 1H16.She said demand for palm oil

would sustain throughout 2017 with 10% expected growth in de-mand from China in 1H17.

Meanwhile, in a sector note yesterday, Ng opined that crude palm oil (CPO) prices have been holding firm above RM3,000 per tonne since the start of 2017 due to the weak ringgit and tight stockpile.

She said in January 2017, CPO prices averaged RM3,268 per tonne while palm kernel prices surged to another monthly record high of RM3,659 per tonne.

“We project CPO prices will trade in the RM3,000 to RM3,300 per tonne range in February 2017. We maintain our ‘neutral’ stance and average CPO price forecast of RM2,600 per tonne for 2017,” she added.

completed by the third quarter ending Sept 30, 2017 (3QFY17).

Gabungan AQRS acquired the 99-year leasehold land in November 2009, at a cost of investment of RM38.29 mil-lion. The leasehold period will expire in another 91 years on May 13, 2108.

As at Dec 31, 2016, the land had a net book value of RM38.58 million. Gabungan AQRS expects the sale of the land to yield a gain of RM11.66 million, net of tax.

“Th e proposed sale of land is expected to have a positive im-pact on the earnings and earn-ings per share of the company for FY17,” it said, adding that the sale of the land will reduce its gearing level as well.

KUALA LUMPUR: Oil and gas ser-vice firm Uzma Bhd announced that its wholly-owned unit Uzma Engineering Sdn Bhd had received a three-year umbrella contract from Petronas Carigali Sdn Bhd to provide electric wirelines logging services.

An umbrella contract is normally awarded to a company that acts as an employer to agency contractors who work under a fi xed term con-tract assignment.

Uzma said the contract to un-dertake cased hole logging services

Uzma bags three-year umbrella contract from Petronas CarigaliBY S U L H I A Z M A N covers the whole country. It com-

menced on Dec 1, 2016 and will run until Dec 30, 2019, and comes with two extension options of one year each.

“The contract will not have material eff ect on the earnings and net asset of Uzma Group for the fi nancial year ending Dec 31, 2017 until the specifi c work order is issued,” Uzma said in a fi ling with Bursa Malaysia, adding that “upon issuance of specifi c work order, the company expects the contract to contribute positively to its future earnings”.

H O M E B U S I N E S S 5TUESDAY FEBRUARY 7, 2017 • THEED G E FINANCIAL DAILY

Impact of China’s slowing economic growthObservers have rather opposing views on the matter

BY A L E X I S S E E T H O & C H E S T E R TAY

KUALA LUMPUR: While China’s stagnant economic growth may negatively impact its trade part-ners like Malaysia, economists are not all pessimistic about the future prospects of Malaysian industries and businesses.

Last month, the National Bureau of Statistics of China said the coun-try’s gross domestic product (GDP) expanded by 6.7% — its slowest in 26 years. Th e Chinese government expects its economy to expand be-tween 6% and 7% this year.

For one, United Overseas Bank (M) Bhd’s economist Julia Goh as-serted that the impact from China’s economy will be mixed. Sectors and businesses in Malaysia that support China’s heavy manufacturing and polluting industries will be hardest hit; while consumer and services dependent areas will be supported by China’s strong domestic con-sumption, solid wage growth, and urban job creation.

“The impact of slower China growth was evident from export demand. Malaysia’s exports to Chi-na declined on a year-on-year ba-sis for most of 2016 before turning around in November. Th e turna-round coincided with improved China GDP growth in the fourth quarter of 2016 (4Q16) and was attributed to [higher] export vol-ume in electrical and electronics, palm oil, chemicals and metals,” she explained.

Goh, who is also UOB’s global economics and markets research senior vice-president, added that as China tries to expand its mar-kets and diversify investments, the Asian region will see a rise of gov-ernment-to-government projects under initiatives such as the One Belt One Road project. But wheth-

er these investments are good for Malaysia, economic observers have rather opposing views.

“Those who see it as threats are unable to compete because of China’s cost competitiveness and productivity strengths. And there are views that the spillover eff ect from China investments may be minimal if most of the resources are imported from China with little need for local inputs and labour,” she said.

“[But] much of this is debat-able. Others view the entry of China as a game changer in re-gional growth dynamics which opens up new cross-border supply chains through both traditional and e-commerce trades. Th e po-tential is exponential provided it is done correctly and eff ectively,” she further elaborated.

As Malaysia’s largest trade part-ner, China’s stagnating economic growth naturally raises the question — how will this aff ect Malaysian ex-ports? UOB economist Suan Teck Kin who tracks China’s growth, said a steady growth in the economy means that Chinese household in-come will continue to rise, and that translates into consumer demand, be it within China or overseas.

Suan said Malaysia exporters’ expansion into the China market remains a positive proposition.

“Some of Malaysia’s local prod-ucts are well demanded in China, [hence] the famous durian diplo-macy,” said Suan, referring to the Chinese’s insatiable appetite for the fruit. Other popular Malaysian food products include coff ee, bird’s nest and food sauces, according to the international trade and indus-try ministry.

“[These] local products carry with them signs of quality and Ma-laysia’s government must ensure

that this brand is not tarnished,” he said, adding that halal products is another big market in China.

“Off shore demand [like] tour-ism, education, investment, yes, the Country Garden type, are oppor-tunities for Malaysia too as China tourists and investors look at other locations,” he said.

Areca Capital Sdn Bhd chief ex-ecutive offi cer Danny Wong Teck Meng concurred, saying that while the increasing number of Chinese middle-class travellers may not spend as much as their more affl u-ent peers, their sheer number can easily off set the lower spending.

“Unlike certain luxury markets in Europe, China’s tourist spend-ing pattern in Malaysia has always been food and accommodation, so they may not be buying Burberry or Hermes during vacation at times like these, but they still need to eat and stay when they visit other countries,” he explained.

Th erefore, Wong said he does not expect Malaysia to be nega-tively aff ected by China’s slower growth.

Note that tourist arrivals from China have been steadily rising since falling in 2014, reaching 1.76 million last year, just marginally lower than 1.79 million in 2013.

“Moreover, the Malaysian gov-ernment is supportive in welcom-ing more China tourists through [favourable] visa policy and local airlines lining up more destina-tions and frequencies to China. Most importantly, the ringgit’s val-ue against the yuan is attractive to the Chinese,” he said.

Th e yuan has been strengthening against the ringgit since mid-July last year and at the time of writing, the Chinese currency appreciated further by another 0.3% to 0.644 versus the local currency.

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

KUALA LUMPUR: KIP Real Estate Investment Trust (REIT) ended its maiden trading day 0.5 sen or 0.5% lower at 99.5 sen, versus its initial public off ering price of RM1 per unit.

At its listing ceremony yesterday, the REIT opened

at RM1.04, rep-resenting a 4% premium over its off er price. How-

KIP REIT down 0.5% on maiden trading dayever, the counter subsequently de-clined to touch an intraday low of 98.5 sen before ending the day at 99.5 sen.

Th e REIT saw the listing of 10.2 million units on the Main Market of Bursa Malaysia, to raise up to RM234.2 million in proceeds to fund the trust’s initial acquisition of six assets.

“KIP REIT has six assets at the moment, namely fi ve KiP Marts and one KiP Mall, located in Johor, Mel-aka, Negeri Sembilan and Selangor.

“We off er a diff erent portfolio

of retail assets comprising hybrid community-centric retail centres that cater to the low- to middle-in-come group’s needs for daily es-sentials and necessities,” said KIP REIT Management Sdn Bhd chief executive offi cer Lim Han Gie.

Besides that, the REIT has the right of fi rst refusal for fi ve addition-al assets, which will be injected into the trust over the next fi ve years.

One of the assets — the KiP Mall in Kota Warisan, Sepang — will commence operations by the mid-dle of this year. Following that, Lim said the next marts to be completed are the ones in Sungai Buloh and Kuantan, Pahang.

Th e REIT will also be injecting two more marts located in Negeri Sembilan and Kedah respectively.

“On average, the matured KiP Marts or Malls are seeing an occu-pancy rate of around 90%. For the newer ones or the ones that have been operating for less than four years, they are seeing occupancy of 70%,” said Lim.

While the REIT’s portfolio com-prises entirely of retail centres un-der the KiP brand, Lim said the REIT does not discount the pos-sibility of acquiring other assets.

“We don’t discount any good opportunities. As long as the as-set is within the REIT’s guidelines, we will look into it. But we would prefer to brand it as ours, so there is an identity,” he said.

He pointed out that KiP Mall Bangi was renamed from Bangi Utama Shopping Complex when

the mall was acquired by KIP Group from Landasan Primamaju Sdn Bhd in March 2015.

Lim also highlighted KIP REIT’s low gearing level of 14.8%, versus the industry’s average of 32%, which allows the REIT to raise borrowings to fund future acquisitions.

While there are concerns sur-rounding the local retail property market, amid talk of oversupply and cautious consumer spending, he said KIP REIT’s assets are diff er-ent in nature.

“Most people see retail as shop-ping malls, but we are a diff erent breed. Our main focus is on daily essentials and necessities, which people still need day-to-day despite cautious spending by consumers,” he said.

BY S YA H I R A H S Y E D J A A FA R & A L E X I S S E E T H O

KUALA LUMPUR: Ni Hsin Resourc-es Bhd, which has roped in a Chi-na-based company to distribute its stainless steel products, may be in the process to boost Chinese tourist spending in Malaysia.

Th e distribution deal signed with Mingkeda Group Holding Co Ltd here yesterday will see the Chinese company sell stainless steel mul-ti-ply cookware and convex mir-ror made by Ni Hsin’s subsidiary Pentoli Sdn Bhd. Th e total secured order for the fi rst three years is 84 million yuan (RM54.07 million).

Secretariat for the Advance-ment of Malaysian Entrepreneurs chief executive officer Neil Foo (pic) said the partnership was a good opportunity for Ni Hsin to target Chinese tourists as poten-tial customers.

“Tourists could purchase their items while in Malaysia but instead of carrying their purchases back to China, they can have it delivered to their homes in China through

Ni Hsin inks distribution deal with China fi rm

Mingkeda’s logistics park in Shen-zhen,” said Foo.

Ni Hsin expects China to con-tribute 50% of its export revenue in three years. Currently the group exports to countries such as Japan, South Korea, Russia, the US and parts of Europe.

Its managing director Chen Shien Yee said the starting point for the distribution of its goods in China will take place in Shenzhen and the company hopes to even-tually target other cities in Guang-dong province.

BY S A M A N T H A H O

KUALA LUMPUR: Serba Dinamik Holdings Bhd, which is slated for list-ing on Bursa Malaysia’s Main Market tomorrow, has posted a net profi t of RM44.66 million for the third quarter ended Sept 30, 2016.

Th e group, which provides engi-neering services to the oil and gas (O&G) and power generation indus-tries, said revenue for the quarter was RM511.51 million, 91.7% of which was generated by its operation and maintenance segment.

“Th e biggest contributor for this revenue was Malaysia, followed by Qatar and Bahrain, which generated 28.6%, 24.9% and 16.8% of the reve-nue for the segment respectively,” it said in a fi ling with Bursa yesterday.

Th e group also derived 0.5% of its revenue mainly from the provision of IT-related services and technical

training through its approved train-ing programme.

“Our revenue was mainly derived from foreign operations whereby our Middle East operations contributed 56.3% of our total revenue for the quarter,” Serba Dinamik said. Local operations, which contributed 34.6% to revenue, remained the group’s largest contributing country.

For the cumulative nine-month period, the group reported a net prof-it of RM55.93 million on the back of revenue of RM663.46 million.

Group managing director and chief executive offi cer Datuk Mohd Karim Abdullah said that despite the downturn in the O&G industry since 2014, Serba Dinamik had managed to strengthen its fi nancial position over the period, as the services off ered by the group are essential in extending the life of the equipment and struc-tures used in the O&G industry.

Serba Dinamik reports RM44.66m quarterly profi t ahead of listing

per unit.At its listing ceremony yesterday,

the REIT opened at RM1.04, rep-

resenting a 4% premium over its off er price. How-

RM234fund thof six a

“KIPmomenone KiPaka, Ne

“We

Lim: We don’t discount any good opportunities. As long as the asset is within the REIT’s guidelines, we will look into it.

PHOTO BY PATRICK GOH

6 H O M E B U S I N E S S TUESDAY FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY

AWC sees STREAM demand overseasPotential for the automated waste collection system is expected to be in countries like India, UAE

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

KUALA LUMPUR: AWC Bhd sees great potential demand for its STREAM automated waste collec-tion system (AWCS) overseas, espe-cially in countries with lots of new development coming up such as India and the United Arab Emir-ates (UAE).

Th e STREAM system installation and maintenance unit forms the group’s environment division via its 51%-owned Nexaldes Sdn Bhd. Th e segment typically contributes about 30% and 40% of group revenue and net profi t per year respectively.

AWC’s two other divisions are engineering and facilities which contribute 31% and 39% of reve-nue respectively, and 12% and 48% of profi t respectively.

In an interview with The Edge Financial Daily, AWC chief fi nan-cial offi cer (CFO) Randy Chitty (pic) said the overseas market contributes about 69% of the group’s revenue for the fi nancial year ended June 30, 2016 (FY16).

Th e group reported RM17.13 mil-lion in net profi t for FY16, more than double the RM8.08 million record-ed in the previous year. Revenue for the year also doubled to RM248.53

million from RM128.02 million a year earlier.

“Malaysia is a signifi cant contrib-utor to our revenue, but the other two markets — Singapore and Abu Dhabi, UAE — are also quite strong. We also sometimes get projects in India and Taiwan, but contributions are still very small from these two countries,” said Randy.

In FY2016, the UAE was the big-gest contributor of 36% of group rev-enue, followed by Malaysia (31%), Singapore (23%) and Hong Kong (10%).

One of the group’s biggest over-seas installations of its STREAM sys-tem is at Al Raha Beach for Aldar Properties in Abu Dhabi, where the group has already installed some 12km of piping.

“We have a captive market there as our systems are installed in full, underground, for the east wing of the development.

“Th erefore, whenever a building is constructed at the site, they will have to appoint us for plot works to link up the building with the ex-isting infrastructure underground,” said Randy.

He explained that the installation of a single typical high-rise building could cost approximately RM1.8 mil-

lion, but said the incremental cost to extend the system to other buildings would be lower as the infrastructure only requires one vacuum to cater for a radius of 2.5km.

AWC managing director and group chief executive offi cer Datuk Ahmad Kabeer Mohamed Nagoor said Abu Dhabi has the potential to be one of the major contributors for its overseas operations going forward.

“Th ere are also more develop-ments coming up in Abu Dhabi, so there are opportunities for us to par-ticipate in more greenfi eld projects there,” he said.

He also noted the potential in In-dia for STREAM, where the group is doing installation for a smart city in the Delhi Mumbai Industrial Corri-dor project.

“Th e Indian government is sup-posed to build over 90 smart cities, and they have built four or fi ve so far. Th e one we are doing for is maybe the fi fth, so obviously there is big market potential in India as well,” said Ahmad Kabeer.

Elsewhere, the group also has a presence in Taiwan via the RM7.8 million contract for a new infl ight catering facility in Taoyuan Interna-tional and Singapore via the installa-tion of STREAM at Changi General Hospital.

Randy said that the group is ac-tively looking for contracts in Ma-laysia, Singapore and Abu Dhabi.

“Sometimes we would also get an odd enquiry here or there, where we will entertain and negotiate and see whether something comes out of it. Th at’s what happened with India and Taiwan,” he said.

AWC is currently tendering for RM150 million worth of jobs under the environment division out of its total tender book of RM600 million. Th e balance of the tender book is divided between its facility division

(RM300 million) and engineering division (RM150 million).

Its current order book stands at RM1.2 billion, which will keep the group occupied for the next 10 years, and provides a good view for earnings going forward. Th e group intends to deliver about half of its order book within FY17 and FY18.

“Even though we have a signifi -cant order book, we are cautiously optimistic due to the current chal-lenging business environment out there. As we go along we will need to replenish our order book.

“We have secured about RM1 billion worth of contracts last year, which was exceptional, and we have been and will be concentrating on the delivery of these contracts,” said Ahmad Kabeer, adding that the group is hoping to sustain its fi -nancial performance in FY17.

Yesterday, the group announced that it had been awarded a subcon-tract worth RM14.645 million from Sunway Construction Sdn Bhd for the supply, delivery, installation, testing, commissioning and main-tenance of fi re protection services for a project in Putrajaya.

AWC closed unchanged at RM1.05 yesterday with a market capitalisation of RM271.47 million.

KUALA LUMPUR: Shares in Scomi Engineering Bhd soared towards a one-year high yesterday after it was reported that Chinese investors were eyeing stakes in the group or its wholly-owned subsidiary Scomi Rail Bhd.

Th e counter rose as much as 34.9% to hit its intraday high of 44 sen before closing at 42 sen, with 7.6 million shares traded. It was among the most actively traded stocks on Bursa Malaysia.

Scomi Engineering’s share price has risen 82.6% over the past year from 23 sen on Feb 10, 2016.

In a fi ling with Bursa Malaysia yesterday, Scomi Engineering said it continuously explores opportu-nities for the growth of businesses within its group, including its rail division.

“However, we wish to clarify that any proposals involving its equity stake in its rail division are still in preliminary and exploratory stages.

“We will make the appro-priate announcement to Bursa Malaysia Securities Bhd (Bursa Securities) in accordance with Bursa Securities’ Main Market

Listing Requirements,” it added.On Saturday, Th e Edge Malay-

sia weekly reported that Chinese investors were understood to be keen on Scomi Engineering’s mon-orail manufacturing operation and may either invest directly in the listed entity or acquire a stake in Scomi Rail.

Shares in parent Scomi Group Bhd were also actively traded yes-terday, with 2.52 million shares changing hands. The counter closed up 16.1% or 2.5 sen at 18 sen. Scomi Group has a 72.33% stake in Scomi Engineering.

Scomi Engineering surges on Chinese buyers’ interest

Sen

Jan 8, 2016 Feb 6, 2017

0

1

2

3

4

5

6

7

8

10

20

30

40

50Vol (mil)

Scomi Engineering Bhd

42 sen

BY S A M A N T H A H O

KUALA LUMPUR: LPI Capital Bhd saw its net profit fall 20.3% to RM81.45 million or 24.53 sen a share in the fourth quarter end-ed Dec 31, 2016 (4QFY16) from RM102.21 million or 30.79 sen a share a year ago, mainly due to the absence of a one-off signifi cant gain of RM36.9 million on disposal of investment in 4QFY15 from the investment holding segment.

Revenue, however, rose 5% to RM355.55 million in 4QFY16 from RM338.62 million in 4QFY15.

It also declared a second inter-im dividend of 55 sen per share, amounting to RM165.99 million for the fi nancial year ended Dec 31, 2016 (FY16), payable on March 2. Th is brings total dividend pay-ment for FY16 to RM265.6 million, a 14.3% increase from FY15’s payout of RM232.4 million.

In a fi ling with Bursa Malaysia yesterday, LPI said its general in-surance segment registered a profi t growth of 18.5% to RM105.7 million in 4QFY16 from RM89.2 million in 4QFY15, while underwriting prof-it for the quarter rose by 19.9% to RM91.1 million from RM76 million previously.

For the full year, LPI’s net profi t grew 36.2% to RM437.22 million or 131.7 sen a share from RM321 mil-lion or 96.69 sen a share the previ-ous year, on higher gain from reali-

sation of equity investment, as well as better underwriting performance from its wholly-owned insurance subsidiary Lonpac Insurance Bhd.

Revenue also increased 7.8% to RM1.38 billion from RM1.28 billion in FY15, largely contributed by the general insurance segment which rose 7.4%.

“Lonpac performed well, as refl ected in its impressive 17.4% growth in pre-tax profi t to RM336.7 million [in FY16] from RM286.7 mil-lion reported in FY15,” LPI founder and chairman Tan Sri Dr Teh Hong Piow (pic) said in a separate state-ment yesterday.

“Its earned premium also grew by 8.5% to RM767.3 million from RM706.9 million, although its gross premium growth weakened to 2.2% to reach RM1.28 billion from RM1.25 billion,” said Teh.

Lonpac’s claim incurred ratio fell to 38.3% from 41% and boost-ed its underwriting profi t by 17.9% to RM278.5 million from RM236.3 million in FY15.

Going forward, Teh said after a challenging 2016, growth prospects for the global economy in 2017 re-main uncertain, bogged down by a few lingering unresolved issues shaping up in the global econom-ic arena.

“Th e trade policies of the new-ly-inaugurated US president and their eff ects on the United States and the rest of the world are still unpredictable; the result of Brexit is still unclear; lower oil prices are still in the backdrop, the slowdown in advanced economies persists; and China’s rebalancing contin-ues,” he said.

“On the local front, 2017 will be another challenging year and with the detariffi cation of motor insurance, we expect to see keener competition in [the] motor busi-ness, which may have a detrimen-tal impact on our underwriting performance.

“However, with our robust capi-tal position and strong distribution capability, we are prepared to face these challenges with cautious op-timism,” Teh added.

LPI shares closed up 16 sen or 0.93% at RM17.34 yesterday, bringing a market capitalisation of RM5.75 billion.

LPI Capital 4Q earnings down 20.3%on absence of disposal gainBY S U L H I A Z M A N

PHOTO BY PATRICK GOH

8 ST O C KS W I T H M O M E N T U M TUESDAY FEBRUARY 7, 2017 • THEEDGE 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 S

KUALA LUMPUR: Malaysia’s palm oil inventories likely fell to the lowest lev-el in fi ve months at end-January, led by a sharp fall in production and fi rmer exports, underpinning prices already tracking near more than four-year highs.

Palm oil futures on the Bursa Malaysia Derivatives exchange have dipped 3.5% since the start of the year, but remain not far off the RM3,202 per tonne touched on Dec 19. Palm oil was last down 0.1% at RM3,052 yesterday morning.

January end-stocks in Malaysia, the world’s No 2 producer of the tropical oil, fell 10.7% to 1.49 million tonnes from a month ago, according to the median forecast of seven planters, traders and analysts in a Reuters poll. Th is would be the steepest fall in fi ve months and put stocks at the lowest since August, as the lingering eff ects of a crop damaging El Niño curb production.

Output is expected to fall 9.1% month-on-month (m-o-m) to 1.34 million tonnes, the lowest since April. January’s output was also aff ected by monsoon rains across the east coast of Peninsular Malaysia and in Johor, Malaysia’s third-largest palm producing state, with fl oods disrupting fruit harvesting and shutting road access

KUALA LUMPUR: Loob Holding Sdn Bhd, which is embroiled in a legal tus-sle with Chatime franchisor La Kaff a International Co Ltd, has dismissed as untrue allegations by the Taiwanese fi rm that Loob had “used raw materials that were not part of the approved recipe”.

“Th e statement that raw materials used ‘that were not part of approved recipes’ may give rise to the misimpres-sion that there was a compromise in the quality of the company’s Chatime products in Malaysia,” said Loob in a statement yesterday.

“Th is is entirely untrue. Th is is not part of La Kaff a’s contentions, at any time, in the ongoing dispute between the parties,” it added.

Last Friday, La Kaff a was also reported as saying that Loob had failed to settle roy-

KUALA LUMPUR: Telekom Malaysia Bhd’s (TM) deputy chief technology and innovation offi cer (CTIO) Datuk Rafaai Samsi has been promoted to CTIO, re-placing Giorgio Migliarina who will re-sign from his position on Feb 18. Rafaai is also currently chief customer experi-ence offi cer at TM.

In a filing with Bursa Malaysia yes-terday, TM said Migliarina joined TM in May 2009, overseeing the transforma-

tion of TM’s IT and network technology division and infrastructure through a series of catalysts, from the high speed broadband project to the “towards op-erational perfection” improvement pro-grammes.

“Migliarina has also been instrumental in changing the mindset of the TM work-force towards providing the best services and solutions to customers. Internally in TM, Giorgio was recognised as a talent advocate for his involvement in nurturing talents and innovation,” it added.

Malaysia end-January palm oil stocks seen falling to fi ve-month low — survey

BY A D A M A Z I Z

BY S U L H I A Z M A N

to plantations. Lunar New Year public hol-idays at the end of the month also contrib-uted to lower production, which is expect-ed to dip further in February in line with seasonal trends, said Kenanga Investment Bank plantations analyst Voon Yee Ping.

“If we look at historical patterns, Febru-ary production tends to be the lowest for the year, and we think with the recent wet weather, this year’s February production may see the same downtrend,” said Voon. “Production will most likely see the typical seasonal uptick from March ... onwards.”

Th e survey pegged Malaysia’s palm oil exports in January at 1.29 million tonnes, up just 1%. It would be the fi rst m-o-m gain since August. The forecast rise in January exports is below the estimates of cargo surveyors of a 4% to 8% increase. Prices of the tropical oil remain high due to tight market supplies, making palm less competitive than related oils, traders said.

India and China, the world’s top two buyers and consumers of palm, switch to soyoil when palm becomes too expensive. Th e median fi g-ures from the Reuters survey imply Malaysian consumption of 269,088 tonnes in January. Offi cial data will be released by the Malaysian Palm Oil Board on Friday. — Reuters

Ex-Chatime franchisee denies useof unapproved raw materials

alty fees in a timely manner, with amounts of money outstanding for over a year.

To this, Loob said: “Th e company has outstanding claims against La Kaff a. Any amounts alleged to be due from the com-pany to La Kaff a, if established, will be set off against the former sums.”

“We vehemently deny all the false and malicious allegations set out in La Kaff a’s media statement issued on Feb 3, 2017. We continue to reserve our rights to take all action, and to explore all avenues, to protect our rights in this matter. Th is would include availing ourselves to all the reme-dies under the terms of our franchise agree-ment,” said Loob chief executive offi cer and founder Bryan Loo in the statement.

“We have no wish to engage in litiga-tion through the media and are presently awaiting the legal process to take its course. Suffi ce for us to point out the following at this juncture,” he added.

TM chief technology and innovationoffi cer resigns, deputy promoted

EVERGREEN FIBREBOARD BHD (-ve)

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

1.401.80

11.17(0.88)

0.771.01

837.54846.00

0.910.78-1.34

*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

GOODWAY INTEGRATED INDUSTRIES BHD (-ve)

GOODWAY INTEGRATED INDUSTRIES 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

0.300.15

--

1.05-

72.39110.52

1.170.21-0.74


HARBOUR-LINK GROUP BHD (-ve)

HARBOUR-LINK 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

2.402.505.640.460.972.47

324.32400.40

0.800.76-1.30


SHARES in Evergreen Fibreboard Bhd (fundamental: 1.8/3, valuation: 1.4/3) triggered our momentum algorithm yes-terday for the first time since June 2015.

The counter closed down half a sen or 0.51% at 98.5 sen, with 4.52 million shares traded, compared with its 200-day average volume of 3.36 million shares.

The particle board manufacturer’s net profit tumbled 38.8% to RM16.88 mil-lion in the third quarter ended Sept 30, 2016 from RM27.59 million a year ago, on

lower average selling price of the group’s products.

The group said its quarterly profit was also affected by higher operating expens-es, which mainly consisted of lower for-eign exchange gain and impairment of goodwill.

Evergreen Fibreboard is currently trad-ing at 0.77 times its book value, and has a market capitalisation of RM837.54 million.

The stock currently has a 12-months price-earnings ratio of 11.17 times.

SHARES in Goodway Integrated Industries Bhd (fundamental: 0.15/3, valuation: 0.3/3) triggered our momentum algorithm yester-day for the fi rst time this year. Th e counter saw its shares close up 1.5 sen or 2.29% at 67 sen, giving it a market capitalisation of RM72.39 million.

The rubber compound manufacturer registered a net loss of RM376,000 in the third quarter ended Sept 30,2016 (3QFY16), compared with a net loss of RM1.5 million

in 3QFY15, mainly due to higher profi t rec-ognised from property development.

Revenue for the quarter dipped 9.5% to RM43.3 million from RM47.8 million a year ago due mainly to a reduction in rubber compounding sales and its tyre retreading business.

Th e counter saw 504,100 shares traded yesterday compared with its 200-day average volume of 621,321 shares and is currently trading at 1.05 times its book value.

SHARES in Harbour-Link Group Bhd (fun-damental: 2.5/3, valuation: 2.4/3) triggered our momentum algorithm yesterday for the fi rst time since June 2015 after an announce-ment on Bursa Malaysia on Feb 3 stated that the group’s unit Harbour-Link Lines Sdn Bhd and a wholly-owned subsidiary of Shin Yang Shipping Corp Bhd had taken legal action against PDZ Holdings Bhd’s vessel PDZ Mewah.

In the filing made by PDZ, it was an-nounced that Shin Yang and Harbour-Link

had both served PDZ with writs in admiralty action in rem to seek delivery of containers which were shipped on board PDZ Mewah by Perkapalan Dai Zhun Sdn Bhd, a former wholly-owned subsidiary of PDZ.

Th e group specialises in integrated logis-tics services including shipping, forwarding, and land transportation services.

Th e counter closed up 1.5 sen or 1.85% higher to settle at 82.5 sen, giving it a market capitalisation of RM324.32 million, and is currently trading at 0.97 times its book value.

P R O P E RT Y 9TUESDAY FEBRUARY 7, 2017 • THEED G E FINANCIAL DAILY

Australia orders sale of illegal foreign buys

Perlis MB announces RM311.4m projectMixed development is expected to contribute up to RM1.3b to state economy

China dealmaker said to get GLP CEO’s backing in buyout bid

BY E M I LY C A D M A N

BY J OYC E KO H , J O N AT H A N B R O W N I N G & V I N I C Y C H A N

KUALA PERLIS: Th e TH Properties Sdn Bhd (TH Prop)-Perlis State Economic Development Corp (PKENPS)’s mixed development project here is expected to con-tribute up to RM1.3 billion to the state’s economy.

Perlis Menteri Besar Datuk Seri Azlan Man said the RM311.4 mil-lion project, involving 6.58 hectares, was one of a few mega projects be-tween the state government and TH Prop.

He said the project, expected to be completed within fi ve to seven years, would involve the construc-

tion of a shopping complex, a hotel, two 35-storey serviced apartments as well as shoplots and offi ces.

“Th e project will have a big im-pact on the development in vari-ous sectors, especially on the Kuala Perlis economy.

“It will be able to provide mutu-al commercial benefi ts to both TH Prop and PKENPS, and the people would also be able to reap the ben-efi ts too,” said Azlan after offi ciating at the groundbreaking ceremony at the Kuala Perlis Tourism Complex yesterday.

Azlan said the project would be

developed in fi ve phases, starting with the building of the two-storey shopping mall, followed by 36 units of shophouses.

“The first phase is expected to begin within the next one or two months, followed by the next phase.”

He said the project would be able to provide socio-economic benefi ts and create up to 1,000 jobs.

Th e menteri besar said the de-velopment would also be able to stimulate the state’s tourism sec-tor and attract up to 560,000 tour-ists there.

“Each year, 2.28 million tourists would come here and we will be able to take advantage of it through the development of the 200-room TH Hotel, as well as the 400-unit TH serviced apartment,” he said.

Meanwhile, TH Prop chairman Datuk Azizan Abdul Rahman said the project was part of the compa-ny’s comprehensive plan to expand its mark in the local market.

“It is an important step in in-creasing TH Prop’s participation and credibility, as well as to provide socio-economic benefi ts to the lo-cals,” he said. — Bernama

SYDNEY: Australia has ordered the sale of 15 properties illegally acquired by overseas buyers as part of the gov-ernment’s crackdown on breaches of its foreign investment laws.

Th e properties are located in Vic-toria and Queensland and have a combined purchase price of more than A$14 million (RM47.5 million), Treasurer Scott Morrison said in a statement yesterday. They range in value from A$140,000 to A$5.9 million.

Th e government has been un-der growing pressure to show for-eign-ownership rules are being fol-lowed amid concerns that overseas buyers are helping fuel Australia’s property boom — housing prices in the nation’s largest cities have surged almost 50% since 2008, according to the Australian Bureau of Statistics.

Th e foreign owners came from countries including China, India, Indonesia, Iran, Malaysia, the UK and Germany. Th e forced sales in-clude the A$5.9 million home in Rockbank, Victoria, acquired by an Indian buyer, and a A$1.1 mil-lion property in Doncaster, Victoria, bought by a Chinese national. Elev-en of the properties were purchased

for less than A$500,000 each.Yesterday’s announcement

brings the total of forced sales since the crackdown started two years ago to 61, with a combined value of A$107 million. An additional 36 foreigners sold properties during the course of the Australian Tax-ation Offi ce’s investigations, the government said. The breaches

were identifi ed using data match-ing programmes and tips provided by the public.

Th e forced sales underscore the government’s “determination to en-force our rules so foreign nationals illegally holding Australian property are identifi ed and illegal holdings relinquished,” Morrison said in the statement. — Bloomberg

SINGAPORE/HONG KONG: Chinese dealmaker Fang Fenglei won backing from Global Logistic Properties Ltd’s (GLP) chief executive offi cer (CEO) as he pursues a takeover of the US$9.2 billion (RM40.8 billion) warehouse owner, which could become the big-gest Asian buyout deal, people with knowledge of the matter said.

Fang’s Beijing-based private eq-uity fi rm, Hopu Investment Man-agement, submitted an off er for the Singapore company together with Hillhouse Capital Manage-ment and GLP CEO Ming Mei, ac-cording to the people. Blackstone Group LP and an investor group led by Warburg Pincus also made non-binding bids, the people said, asking not to be identifi ed because the information is private.

GLP announced on Feb 3 it re-ceived a number of non-binding proposals, which will be evaluated by a special committee of independ-ent board members. Fang and the company’s CEO each have an in-terest in one of the parties that sub-mitted proposals and have recused themselves from related board discussions, it said in a Singapore Exchange fi ling. GLP didn’t give fur-ther details of the bidding groups.

A purchase of GLP, which owns industrial properties in China, Ja-pan, the US and Brazil, would help an acquirer take advantage of a boom in demand for warehouse space from e-commerce companies like Alibaba Group Holding Ltd and JD.com Inc. GLP said in December it would conduct a strategic review of options to improve shareholder value after a request from its big-gest investor, Singapore sovereign fund GIC Pte Ltd.

Spokesmen for Hopu and Warburg Pincus didn’t immediately respond to requests for comment. Represent-atives or offi cials at Blackstone, GLP and Hillhouse declined to comment. — Bloomberg

View of the town of Brisbane in Queensland. Housing prices in the nation’s largest cities have surged almost 50% since 2008, according to the Australian Bureau of Statistics. Photo by Bloomberg

5.98 128.98

1 0 B R O K E R S’ C A L L TUESDAY FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY

Palm oil exports trend up, CPO to hold fi rm

Malaysia Airports Holdings Bhd(Feb 6, RM6.60)Maintain outperform with a high-er target price of RM7.47: Last Friday, Malaysia Airports Holdings Bhd (MAHB) announced that it had been granted approvals for a 35-year extension (on top of the exist-ing 25 years) towards its operating agreement with the government of Malaysia, which would allow it to continue operating the existing airports in Malaysia until year 2069 compared with 2034 previously.

We are positive about the ex-tension of agreement as this will greatly reduce the amortisation rate of MAHB’s Malaysian intan-gible assets as the amortisation of assets will now be spread over a longer period of 60 years instead of the initial 25 years. We note that the amortisation expense on intangible assets for the cumula-tive nine months ending Sept 30, 2016 amounts to RM715 million in which some 50% were derived from Malaysian operations.

For the fi nancial year ending Dec 31, 2017 (FY17), we are main-taining our growth targets of 6%

and 7% for Malaysian and Turkey operations respectively, as we ex-pect Malaysian passenger growth to remain strong from strong travel demand, coupled with increased capacities from AirAsia Bhd and Malindo Airlines, while Turkey’s international passenger traffi c is expected to remain subdued.

Based on the existing carrying amount of MAHB’s intangible as-sets of RM17 billion, we forecast that the new extension in the agree-ment will reduce MAHB’s FY17 depreciation and amortisation cost by some 25% or RM226 million after spreading its Malaysian in-tangible assets longer until 2069. Post adjustment, we upgrade our FY17 earnings estimate by 160% to RM261 million while keeping our FY16 earnings estimate un-changed.

We applied a positive 0.5 standard deviation towards val-uations in view of better earn-ings prospects from the new pas-senger service charge structure recently implemented and the extension of the operating agree-ment. — Kenanga Research, Feb 6

MAHB expected to gain from extension of operating concession

Agribusiness sectorMaintain neutral call: Findings from a survey of 19 plantation areas by the CIMB Futures team reveal that Malaysian crude palm oil (CPO) output fell 7% month-on-month (m-o-m) to 1.37 million tonnes in January. Palm oil exports grew by approximately 6.2% m-o-m, based on export statistics released by car-go surveyors SGS and ITS. Overall, we estimate that Malaysian palm oil inventories may have fallen by 10.7% m-o-m to 1.49 million tonnes at end-January. Th e offi cial fi gures will be released on Friday.

Th e projected 7% m-o-m drop in fresh fruit bunch output is low-er compared with the historical January m-o-m average decline of 13.5% over the past fi ve years. Th is is also lower than our earlier pro-jection of a 10% m-o-m decline in output as the El Nino eff ect fades. Year-on-year (y-o-y), CPO output is expected to improve by 21% in January. Th is represents the sec-ond consecutive month of a y-o-y rise in output. Our survey reveals that output from Peninsular Ma-laysia, Sarawak and Sabah estates fell 12.8%, 2.4% and 5.8% m-o-m respectively.

We estimate that Malaysian palm oil exports increased by some 6.2% m-o-m in January, based on esti-mates from SGS (4.3% m-o-m) and ITS (8.1% m-o-m). Th is is in direct contrast to our earlier projection for

Bursa Malaysia Bhd

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

Revenue 506.8 527.3 560.0 599.7Core net profit 193.6 202.4 219.6 237.0FD core EPS (sen) 36.1 37.7 40.9 44.1FD core EPS growth (%) (2.5) 4.6 8.5 7.8Consensus net profit - 213.9 226.7 275.0DPS (sen) 34.0 35.2 38.2 41.2PER (x) 24.6 23.5 21.7 20.1EV/Ebitda (x) 15.1 14.5 13.4 12.4Dividend yield (%) 3.8 4.0 4.3 4.6ROE (%) 23.2 22.9 23.8 24.4Sources: AmInvestment Bank, company report

CIMB’s preview of Malaysian palm oil stocks as at end-January 2017

JAN DEC JAN JAN JAN(‘000 TONNES) 17E 16 16 M-O-M (%) Y-O-Y (%)

Opening stock 1,665 1,663 2,634 0.2 (36.8)Production 1,371 1,474 1,130 (7.0) 21.4Imports 45 45 34 0.0 30.1Exports 1,346 1,268 1,279 6.2 5.2Dom Disapp 248 248 210 0.0 17.9Ending stocks 1,487 1,665 2,309 (10.7) (35.6)Sources: CIMB Research, company

exports to fall by 5% m-o-m, thanks to stronger-than-expected demand from the US (15% m-o-m) and oth-er countries (34% m-o-m), which more than off set weaker demand from China, India, the European Union and Pakistan.

Th e expectation of lower stocks in January could support or boost near-term CPO prices. Our project-ed end-January stock level of 1.49 million tonnes represents a 36% decline from the year-ago level and makes up around 1.12 months’ cov-erage of the average monthly palm oil exports from Malaysia.

We expect palm oil producers to report a strong set of fourth-quar-ter (4Q) earnings both on a quar-ter-on-quarter and y-o-y bases, as higher palm product prices more than off set lower output. Palm oil output from Malaysia fell 7% y-o-y and 6% q-o-q in 4Q of 2016 (4Q16) due to the impact of the El Nino in-

duced drought. However, CPO pric-es rose 36% y-o-y and 13% q-o-q to average RM2,935 per tonne, while palm kernel (PK) prices jumped 80% y-o-y and 14% q-o-q to RM3,053 per tonne in 4Q16. Average PK prices in 4Q16 surpassed that of CPO for the fi rst time in many years.

CPO prices have been holding fi rm above RM3,000 per tonne since the start of 2017 due to the weak ringgit and tight stockpile. In Janu-ary, CPO prices averaged RM3,268 per tonne while PK prices surged to another monthly record high of RM3,659 per tonne. We project CPO prices will trade in the RM3,000 to RM3,300 per tonne range in Feb-ruary. We maintain our “neutral” stance and average CPO price fore-cast of RM2,600 per tonne for 2017. Our top picks in the region are PT Astra Agro Lestari Tbk, First Re-sources Ltd and Genting Planta-tions Bhd. — CIMB Research, Feb 4

Bursa Malaysia earnings exceed estimatesBursa Malaysia Bhd(Feb 6, RM8.75)Maintain hold call with an un-changed fair value of RM8.70: Bur-sa Malaysia Bhd reported a fourth quarter fi nancial year 2016 (4QFY16) net profit of RM50 million, which was higher than our expectation of RM43 million. Th e variance was due to other income being RM10 million higher than expected and operating expenditure lower than expected by RM6 million.

Earnings for FY16 came in at RM194 million against our expecta-tion of RM186 million. Cumulative net profi t was within our expectations, making up 104% of our estimate.

For FY16, securities market rev-enue slipped by 8.6% year-on-year (y-o-y), largely due to weaker secu-rities trading activity in the second half of 2016 (2H16), which saw for-eign fund outfl ows in November 2016 and December 2016.

Also, there was an exit of foreign funds in May 2016 due to the MSCI Index rebalancing. Th e daily aver-age trading value (DATV) for the

securities market slipped to RM1.69 billion in 4QFY16 compared with RM1.74 billion in 3Q. For FY16, the DATV was lower at RM1.81 billion for the securities market and in line with our expectations. Th e DATV for equities was higher in 1H16 com-pared with 2H16.

In 4QFY16, market veloci-ty dropped to 25% from 26% in 3QFY16. On a full-year basis, mar-ket velocity for FY16 was lower at 27% (FY15: 30%).

On derivatives, the average daily contracts (ADC) was lower in 4QFY16 at 55,289 contracts compared with 56,459 in 3QFY16. Th is was due to a lower number of contracts traded for crude palm oil futures (FCPO) in 4QFY16. Nevertheless, the ADC for derivatives for FY16 is expected to still manage a marginal growth of 1.2% y-o-y to 57,829 contracts.

Breaking down by segments, the ADC for FKLI slipped 9% y-o-y to 11,183 contracts while the ADC for

FCPO rose 3.9% y-o-y to 46,406 con-tracts in FY16.

Bursa Suq Al-Sila trading revenue declined marginally by 0.4% y-o-y while revenue for market data rev-enue rose by 1.6% y-o-y due to in-creased subscribers for derivatives market data.

We maintain our cautiously “op-timistic” outlook for the market with a year-end 2017 FBM KLCI target of 1,745 points, a modest 6.3% upside from end-2016 of 1,641. We expect

1H17 to be volatile for the securities market on the potential for further hikes in US Federal Reserve rates, and another round of MSCI index rebalancing which is likely to further lower Malaysia’s weightage in the index. In 2H17, the above negative events would have surpassed, and with greater clarity on US President Donald Trump’s policies, we expect an improvement in securities market trading activity. — AmInvestment Bank Bhd, Feb 6

Malaysia Airports Holdings Bhd

FYE DEC (RM MIL) 2015A 2016E 2017E

Turnover 3,871 3,862 4,114Ebit 1,679 1,709 2,005PBT 42 128 455Net profit (NP) -20 4 261Core NP -56 4 261Consensus (CNP) na 85 206Earnings revision (%) na na 160Core EPS (sen) -3.4 0.3 15.8Core EPS growth (%) -125 -108 5,956NDPS (sen) 8.5 8.5 9.4BV/Share (RM) 4.75 4.66 4.73Core PER (x) -188 2,427 40Net gearing (x) 0.6 0.7 0.6Dividend yield (%) 1.3 1.3 1.5Source: Kenanga Research

Bursa Malaysia reported a 4QFY16 net profi t of RM50 million due to other income being RM10 million higher than expected. The Edge fi le photo

H O M E 1 1TUESDAY FEBRUARY 7, 2017 • THEED G E FINANCIAL DAILY


Over 270,000 registered as voters in 4Q16PUTRAJAYA: A total of 272,143 peo-ple registered as voters in the fourth quarter of 2016 (4Q16), the Election Commission (EC) said yesterday.

EC secretary Datuk Abdul Ghani Salleh said 80,821 voters applied to change their polling districts in the three months of October, No-vember and December.

He also said that the supplemen-tary electoral rolls for 4Q16 would be displayed for 14 days, from Feb 7 to 20, at 960 places throughout the country.

“People who have registered as voters and applied to change their polling districts in 4Q16 are advised to check the displayed rolls,” he said in a statement.

A new voter whose name did not appear on the rolls could noti-fy the EC by fi lling up Form B and handing it to the respective state EC director, he said.

Voters who wish to raise an objec-tion to the inclusion of names in the supplementary electoral rolls could do so by fi lling up Form C, he said.

Abdul Ghani said that during the display period, the EC would also display the names of voters to be re-moved from the electoral rolls due to death or forfeiture of citizenship.

Voters can also surf the EC web-site, www.spr.gov.my, to check the list of names on the supplementary electoral rolls for 4Q16. — Bernama

KOTA KINABALU: The search and rescue (SAR) operations for six more victims of the capsized boat tragedy in Sabah who are still missing will be continued.

According to Kota Kinabalu Malaysian Maritime Enforcement Agency (MMEA) director First Ad-miral (Maritime) Adam Aziz, this was decided at the joint meeting held yesterday morning among all the agencies involved in the operations.

Adam said the proposal to con-tinue the operations had been for-warded to the MMEA headquarters in Putrajaya.

“Th e SAR team will continue the operations until there are further instructions from the top manage-ment,” he told a press conference here yesterday.

Adam said the SAR opera-tions are in the 10th day, covering 24,690 nautical square miles, with a strength of about 450 personnel from various agencies including the MMEA, police, Royal Malay-sian Navy and Royal Malaysian Air Force, since it was launched on Jan 28.

Yesterday, the operations cov-ered a 2,000-nautical square mile area, involving 13 assets which in-cluded 11 ships and boats, as well as two aircrafts.

Th e operations are still being conducted in the waters off Sabah,

Miri (Sarawak) and Brunei, he said.Adam added that the SAR team

also worked with fi shermen associ-ations in Kota Kinabalu, Kudat and Labuan to put up trawler nets in the search area to fi nd the victims.

“About 50 fi shermen boats were involved in the operations to set up the nets in the area between Pulau Mengalum and Pulau Tiga, cov-ering an area of about 400 square nautical miles,” he said.

He said the assistance of local fi shermen was crucial after the re-covery of the decomposed body of a woman which was entangled in a trawler net on Saturday in these waters.

“Th e body had decomposed and was not intact. Th e possibility of oth-er bodies rising up is slim, which is why we are depending on trawler nets used by the fi shermen,” he said.

In a related development, Adam said the SAR team would also be given counselling services with specialists from the Queen Eliza-beth Hospital.

In the tragedy at 10am on Jan 28, the catamaran, which was car-rying 28 tourists from China and three crew, was believed to have capsized due to strong winds and huge waves while heading to Pulau Mengalum.

To date, 25 victims have been found, including three who per-ished. — Bernama

Search for capsized boat victims to be continued — MMEA

PUTRAJAYA: Malaysia can take control of national resilience to face challenges of an uncertain world by emphasising the strengths of fundamentals, said Prime Minister Datuk Seri Najib Razak.

Th e prime minister said the fun-damentals include the capability of the government to implement and deliver to the people projects, programmes and aid.

Addressing the monthly assem-bly of the Prime Minister’s Depart-ment here yesterday, Najib remind-ed civil servants to make 2017 a year of delivery and called for greater and better coordination among ministries and departments in the delivery system.

“We are all involved in ensuring that the delivery system is imple-mented more effectively for the benefi t of the ‘rakyat’,” he said.

Najib, who is also the fi nance minister, said the uncertain exter-nal factors Malaysia faces include the global financial market that

Malaysia to take control of national resilience to face challenges of an uncertain world

is diffi cult to control, the new ad-ministration in the US that could have an eff ect on the country and the world, and geopolitical risks.

He said civil servants should

look at the “year of delivery” from a more comprehensive aspect and to focus on areas of improvement, if necessary.

All ministries and government

PUTRAJAYA: The health ministry will release mosquitoes infected with the Wolbachia microor-ganism in an identified area in Selangor soon to see its impact on reducing dengue cases in the country, said Health Minister Datuk Seri Dr S Subramaniam.

He said the pilot project study is to understand the behaviour of the disease-transmitting mosqui-to species, and it would be con-tinued in other areas in coming weeks.

The deployment of the Wol-bachia was introduced in Janu-

ary last year by the Institute for Medical Research in collabora-tion with Lancaster University, the UK, he said.

“Based on the study, we will decide whether it’s useful to do it in other areas of the country,” Subramaniam said at a press con-ference at his ministry here yes-terday.

Last year, Bernama, quoting Health director-general Datuk Seri Dr Noor Hisham Abdullah, reported that injecting the Wol-bachia microorganism into Aedes Aegypti mosquito eggs was seen as

a method to prevent the spread of the dengue virus among humans.

He had said that the eggs did not carry the dengue virus and thus prevented the spread of den-gue.

“The Wolbachia will block the dengue virus from replicat-ing within the mosquito,” Noor Hisham was quoted as saying.

Wolbachia is a microorgan-ism that lives naturally in the re-productive organs of insects and exists in about 60% of insects ex-cept the Aedes Aegypti mosquito. — Bernama

agencies, he said, should break down their mode of operating in silos.

“Avoid being too territorial. We must focus on making this year more successful; we must strength-en national resilience,” he added.

Najib said national resilience should not only be in terms of na-tional unity, national harmony and spirit of patriotism, but also for the delivery system and productivity of civil servants.

“We must look at how our out-come improves, and productivity, innovation and creativity should be emphasised. Work harder, but output and outcomes should be better and more eff ective,” he said, adding that civil servants should also have a mindset to make fast and accurate decisions.

Najib also expressed his appre-ciation to government departments and agencies for their hard work in discharging their responsibilities during the fl oods which hit several states recently. — Bernama

Najib addressing staff members of the Prime Minister’s Department during its monthly meeting at Perdana Putra yesterday. Photo by Bernama

KUALA LUMPUR: Terengganu Menteri Besar (MB) Datuk Seri Ahmad Razif Abdul Rahman fell from a horse during training at an equestrian centre here yesterday and has been hospitalised for ob-servation.

He was training under the supervision of a coach at about 10.30am when he suddenly faint-ed and fell, Ahmad Razif said to Bernama at a private hospital here.

Doctors had advised him to rest for the next two to three days, he said, adding that the people need not worry about his health.

“I was preparing for the Ment-eri Besar Endurance Cup in Lem-bah Bidong next month. I was in

training. I was too exhausted. I lost my balance and fell. I have under-gone an examination. Everything is alright.

“I will be out of hospital in a day or two. I will go on leave for two or three days and then resume duty. What happened today (yes-terday) will not discourage me from participating in the endur-ance meet because it is still some time away,” he said.

Terengganu Youth and Sports Committee chairman Datuk Rozi Mamat, who had visited Ahmad Razif at the hospital, said the MB did not suff er any serious injury but he had to be placed under observation.

He said that if there was no

problem, Ahmad Razif would re-turn to Terengganu after 24 hours.

Rozi said that besides attend-ing several offi cial functions here, Ahmad Razif had also undergone equestrian training in preparation for the Menteri Besar Endurance Cup on March 3 and 4.

“I don’t see how this [accident] can aff ect his participation in the endurance event because it is still a month away. Th ere is no problem. He is committed to participating in the event and several others as well,” he said to Bernama.

Rozi said the people need not worry about Ahmad Razif’s health and expressed confi dence that the MB would be fi ne after resting for a few days. — Bernama

Health ministry to use biological control in Selangor to curb dengue

Terengganu MB falls from horse during training

1 2 H O M E TUESDAY FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY

BUKIT MERTAJAM: The po-lice will constantly monitor the activities of convicted se-rial rapist S Selva Kumar who was expected to return to Ma-laysia yesterday from Canada, said Penang Police chief Datuk Chuah Ghee Lye.

He said there was a great possibility that Selva Kumar, 56, would return to Penang as he had lived in the state before and still had relatives here.

Chuah said the police could not impose any restrictions on him as he has the right to lead a normal life after having served his sentence.

“Th e police cannot detain him in this country based purely on his criminal record because he has been subjected to the ap-propriate penalty abroad ... so he is free to return to Malaysia.

“We do not have any infor-mation as to whether he will live in Penang or elsewhere,” he said to reporters after launching the Penang-level “Jom Kembali ke Sekolah” pro-gramme at Sekolah Menengah Kebangsaan Taman Sejahtera here yesterday.

Selva Kumar was expect-ed to return to Malaysia yes-terday after having served his 24-year jail term in Canada for 19 counts of sexual assault, 28 counts of administering a drug or noxious substance, 10 counts of various kinds of assault and a dozen other charges, includ-ing extortion.

Several news portals had re-ported that Selva Kumar, who hails from Perak, was expect-ed to live in Penang because he had relatives in that state. — Bernama

Police to monitor convicted serial rapist upon his return to Malaysia

Perak Sultan: NEP was a magical touchHe says Islamic leadership in Malaysia is highly respected

TRIPLE TRAGEDY ... A disused bauxite mine near Taman Sungai Karang in Kuantan, where three children drowned on Saturday, being fi lled in with a backhoe yesterday. In the tragedy, Salsabila Zuhairi, 12; her brother Mahathir Mohamad, 7; and friend Nureen Ain Juwita Mohd Sharif, 10; were found drowned in the mining pond. Photo by Bernama

PUTRAJAYA: A former clerk with Lembaga Tabung Haji was sent to jail for four years after losing his fi nal appeal to set aside his conviction for accepting a bribe to help 27 people who were not eligible to perform the haj in 2010 to jump the queue.

A three-man panel of the Court of Appeal, comprising Jus-tices Datuk Mohd Zawawi Salleh, Datuk Abdul Rahman Sebli and Datuk Kamardin Hashim, heard the appeal yesterday and subse-quently dismissed it.

Justice Mohd Zawawi, who chaired the panel, ruled that there was suffi cient evidence to support Roslan’s conviction.

He upheld the decision of the Sessions Court in sentenc-ing Roslan, 52, to four years jail and a fine of RM40,000, in default 16 months’ jail, af-ter finding him guilty of ac-cepting RM6,750 in a bribe from one Samsudin Ibrahim to help the 27 people to per-form the haj in 2010 by jump-ing the queue.

Roslan was accused of com-mitting the off ence in Jalan Raja Muda Musa, Kampung Baru, Kuala Lumpur, on July 15, 2010. He paid the fi ne.

Earlier, Roslan’s counsel, Hisyam Teh Poh Teik, request-ed the court to be compassion-ate to his client and reduce the jail term to two years on the grounds that he was unem-ployed and has two children to support. — Bernama

Ex-Lembaga Tabung Haji clerk loses appeal, jailed four years

IPOH: Th e introduction of the New Economic Policy (NEP) in 1971 was a magical touch which radi-cally transformed the image and confi dence of the Malays, said the Sultan of Perak Sultan Nazrin Shah.

He said the NEP did not just give more opportunities for the Malays to participate in the fl ow of mainstream development but also encouraged the growth of youths, especially from the rural areas, with a strong foun-dation of race and religion.

“Th e NEP not only benefi tted individuals and families but also in-jected a new confi dence and pride into the Malays.

“Malay youths fi lled Malay sec-ondary classes in bigger numbers, held high positions in their careers, especially in the public sector, en-joyed infl uence and underwent a cultural transformation, including

in the workplace and home,” the Sultan said when launching the Muzakarah Sultan Nazrin Muizzud-din Shah discourse here yesterday.

Also present at the discourse, with its theme of strong Malay roots and upholding Islam, were the Raja Permaisuri of Perak Tuanku Zara Salim and Perak Menteri Besar Da-tuk Seri Dr Zambry Abd Kadir.

Sultan Nazrin added that the biggest success of the NEP was its education programme with more Malays entering tertiary institu-tions and becoming successful in various careers.

“Malay girls who reached 15 years of age were no longer con-fi ned to the kitchen while waiting for marriage proposals but pursued their education and mastered vari-ous skills, gaining progress in their careers,” he said.

At the same time, Sultan Nazrin said, the programmes held for new students were modifi ed to be more benefi cial.

“From ragging, singing, enter-tainment and dancing, the orien-tation programmes now include prayers and religious talks.

“Islamic values have been in-corporated not only in schools and universities but also in the civil service, teaching profession, po-lice, army, judiciary, right up to the Palace,” he said.

Sultan Nazrin who is also the Fi-nancial Ambassador of the Malay-sian International Islamic Financial Centre said Malaysia is always de-scribed as a modern Islamic nation which is developed, progressive, peaceful and moderate.

“Islamic leadership in Malaysia is highly respected. Th e wisdom of

the Malay leaders in implementing programmes for the development of the people and the country has been acknowledged throughout the world,” he said.

Sultan Nazrin said Malaysia’s leaderships in the Organisation of Islamic Cooperation, Federal Land Development Authority, Lembaga Tabung Haji, and the Internation-al Centre for Education in Islamic Finance are some examples of the contribution of Malay leaders.

“Some of them may not have the image of an ulama, have never been seen standing on the pulpit to give a sermon, never led a con-gregation during prayers, never quoted from the Quran or hadiths in their speeches.

“However, they played a major role in upholding Islam in current times,” Sultan Nazrin said. — Bernama

KUALA LUMPUR: Former Kuala Lumpur Criminal Investigation Department (CID) head Datuk Ku Chin Wah told the Sessions Court here yesterday that he had declared all the sources of his earnings as required by the prosecutor’s notice.

Ku, 58, said he had declared all his earnings obtained during his 38 years of service with the Royal Malaysia Police.

Questioned by his lawyer Datuk Geethan Ram Vincent on the rea-son why he did so, instead of only seven years from 2006 as stated in the prosecution’s notice, Ku said: “I have nothing to hide”.

“I listed all the property I ac-

quired during my 38 years [of] ser-vice. Some have been disposed of,” he said when entering his defence on a charge of failing to declare the sources of his earnings.

Ku, who is now with the Bukit Aman CID secretariat, said he had listed in the sworn statement the movable or immovable prop-erty, details of travel, details of business, sources of income, de-tails of earnings and details of expenditure.

On the commission he received, Ku said he had clarifi ed the matter since the fi rst time his statement was recorded by the Malaysian An-ti-Corruption Commission (MACC)

on Dec 23, 2013 and also on June 23, 2015 and Jan 21, 2016.

“Since the beginning, when asked [on the matter], I informed them about the commission of RM30,000 [from the sale of a con-dominium in Johor Baru] and RM800,000 [from the sale of two hotels in Bukit Bintang]; I have ex-plained the commission was used to buy shares.

“I have declared all the shares. I have also declared the commission to the Inland Revenue Board and I have also paid the tax. My actions showed that I have no intention to purposely hide the commission.

“Furthermore, the commission

is legitimate. Why should I hide?” he asked.

Ku was charged with failing to comply with a notice under Section 49(1) of the Anti-Money Launder-ing and Anti-Terrorism Financing Act 2001 dated Dec 23, 2013 when he failed to declare the source of earnings in a sworn statement dat-ed Jan 8, 2014.

He allegedly committed the of-fence at the MACC headquarters, Block D6, Federal Government Administrative Centre, Putrajaya between Dec 23, 2013 and Jan 21, 2014.

Judge Sohaini Alias set March 22 for submission. — Bernama

Ku tells court: I’ve declared all sources of income

The police cannot detain him in this

country based purely on his

criminal record.

C O M M E N T 1 3TUESDAY FEBRUARY 7, 2017 • THEED G E FINANCIAL DAILY

Inclusive capitalism or bust

Trump isn’t all wrong Although the US should try to improve its trade balance instead of fi ghting currency manipulation

“SCIENCE knows no country,” said the great 19th-century chemist Lou-is Pasteur, “because knowledge be-longs to humanity, and is the torch which illuminates the world.” To-day, the innovative technologies and ideas that are driving the Fourth Industrial Revolution belong to all of humankind, and they are proving Pasteur right in ways that he could not have imagined.

But while the impact of techno-logical innovation is global, it aff ects diff erent populations in dramatical-ly diff erent ways. Rapidly changing conditions have brightened some people’s economic outlook, but they have left others behind, casting a dark shadow of dissatisfaction across the global economy. For those of us who know from history and expe-rience that innovation creates new opportunities and prosperity around

the world, it is time to redouble our eff orts to forge a more inclusive cap-italism, so that everyone can share in the benefi ts of progress.

Historically, there is no question that technological innovation and global commerce have underpinned rapid material progress and dramatic gains in living standards. According to the latest available data, the glob-al economy is more than fi ve times larger than it was a half-century ago, with global per capita gross domes-tic product more than doubling over this period.

Th ese numbers represent more than higher profits for corpora-tions; they also amount to millions of jobs created, and billions of lives improved.

But the global economy clearly is not serving everyone equally, and many people believe — with good reason — that it is not serving them at all. In July 2016, the McKinsey Global Institute released an extensive report on incomes in 25 advanced econ-omies worldwide. An astonishing

65% to 70% of households’ incomes stagnated or declined between 2005 and 2014. Th at fi gure is even more remarkable when compared to the 12 years leading up to 2005, when less than 2% of households’ incomes were fl at or declining. It should sur-prise no one, then, that a majority of citizens in several of these countries say the global economy is no longer a force for good.

To sustain economic progress in the face of widespread — and jus-tifi ed — frustration, we must take steps to fi x what is wrong with the global economy, while continuing to participate in it. Unfortunately, recent political disruptions will not help this eff ort. Th e UK’s Offi ce for Budget Responsibility, for exam-ple, projects that leaving the Eu-ropean Union will reduce Britain’s economic growth by 2.4% by 2020. Th e election of Donald Trump in the US similarly demonstrates the need to take decisive action to make the global economy more inclusive, or risk seeing more political and eco-

nomic upheavals that will further hinder growth.

Towards that end, governments will have an indispensable role to play, but so, too, will the private sec-tor. Business leaders now have a genuine opportunity to advance a more inclusive capitalism, one that not only generates profi ts, but also creates opportunities and prosperity for everyone.

Success will require individual enterprises — and particularly those with a global reach — to think be-yond their balance sheets, and to take on responsibilities that tradi-tionally have not been central to their missions. Companies must do more to maximise their value not just to shareholders, but to all stakeholders in the communities their business aff ects. Business leaders can — and must — redefi ne the role of business in society.

Of course, this is not to sug-gest that profi t-seeking enterprises should become charities. Rather, the businesses that grow and succeed

in an increasingly volatile environ-ment will be those that create the most value for society as a whole. Th e companies that will defi ne the 21st century will recognise that their licence to operate is not simply a gift from shareholders or governments; rather, it must be earned by provid-ing real solutions, creating jobs, and playing a constructive role in com-munities around the world.

Inclusive capitalism is ultimate-ly about re-embracing business’s purest purpose: to solve problems and improve people’s lives. Doing so is especially necessary in an era of crisis and uncertainty. With so many global challenges to confront, inclusive capitalism is the only way to ensure that the progress achieved over the past century continues in the coming century and beyond. — Project Syndicate

Andrew Liveris is chairman and chief executive offi cer of Th e Dow Chem-ical Co.

BY A N D R E W L I V E R I S

The Trump administra-tion has come out firing against two major US al-lies recently, accusing them of currency ma-nipulation. Last week, at

a meeting with heads of pharmaceuti-cal companies, US President Donald Trump mentioned China and Japan: “Every other country lives on devalu-ation ... you look at what China’s do-ing, you look at what Japan has done over the years. They ... play the mon-ey market, they play the devaluation market and we sit there like a bunch of dummies.”

Meanwhile, Trump economic ad-viser Peter Navarro told the Financial Times that Germany’s trade surplus is a sign that the euro is “grossly un-dervalued”.

Are Trump and his advisers right? In some ways, yes; in some ways, no.

Th ere is no doubt that China ma-nipulates its currency. Th e country ties the value of its currency, the yuan, to the value of a weighted average of other currencies — it can only trade within a narrow band set by the gov-ernment. If market forces try to push the yuan out of that range, the govern-ment trades in the foreign-exchange markets until the currency is back within its bounds.

During the 2000s, when the yuan was fi rmly pegged to the US dollar, almost everyone agreed that China’s currency was substantially underval-ued. Th is helped China to maintain a large trade defi cit with the US — China shipped goods to the US, and the US wrote China IOUs in return.

Th at trade defi cit contributed to the massive economic dislocation that we now call the China Shock. US workers were hurt, even as the US repeated-ly refused to label China a currency manipulator. Trump is probably right that we were dummies.

But in recent years, the situation has changed. Th e yuan is no longer undervalued. As China’s economy slows and its asset markets look shaky, capital is fl owing out of the country. Th at pushes the value of the yuan down. China still manipulates its cur-rency, but it is now probably propping it up rather than holding it down. If China ends its manipulation, the yuan will probably get even cheaper, mak-ing its goods even cheaper in the US.

How about Japan? Trump is also correct in saying that Japan has ma-nipulated its currency over the years — though the amount of manipula-tion is far less than what China does. In 2003 and 2004, the Bank of Japan

bought hundreds of billions of dol-lars, pushing down the yen against the US currency in an attempt to give its exporters a boost.

Th e attempt failed. Th e yen weak-ened against the dollar in 2004, but not much, and it did not last (see Chart 1 — Ups and Downs but Nothing Unusual).

And Japan’s trade surplus did not change much at all (see Chart 2 — Not Much Change After All).

Th e country largely abandoned its attempts to hold down the yen, even when it started running a trade defi cit in the 2010s. A few half-heart-ed interventions since the early 2000s have had little eff ect. Currency ma-nipulation, as economic research shows, just is not that reliable a tool.

Some allege that Japan’s huge pro-gramme of quantitative easing (QE) via asset purchases constitutes a form of currency manipulation. But this is not really right. Th eoretically, lower

interest rates can cause capital to fl ow out of a country, weakening the currency and raising exports. But this eff ect is weak. Japan’s interest rates are already at zero and cannot go any lower, and QE has failed to create any lasting infl ation. Money is not pour-ing out of Japan, and the country is barely running a trade surplus.

So while Trump is right about Ja-pan’s past, it is also not an important issue right now.

As for Germany, Navarro’s argu-ment is on pretty weak footing. Ger-many is one of 19 countries that use the euro, so to say Germany is ma-nipulating its currency is like saying that Texas is manipulating the dollar. What is true is that the way the eu-rozone is set up tends to make Ger-many run a trade surplus with other European nations. Essentially, other euro countries would need to have easier monetary policy than Germa-ny in order to balance out the fl ow of

trade — but they cannot, because there is only one monetary policy for the whole eurozone.

In other words, Germany’s sur-pluses are a problem, but they are a problem within Europe, and they are due to the setup of the eurozone rather than to the manipulation prac-ticed by China.

So while I sympathise with Trump’s frustration about China’s past policies, and I share Navarro’s concerns about Germany’s trade sur-pluses, I am pretty sure that branding these countries as currency manip-ulators would not help the problem. It would not fi x the euro’s problems, and it would only make China’s cur-rency even cheaper. And Japan is not manipulating its currency any-more. Th e US should try to improve its trade balance, but fi ghting against currency manipulation will not be a very eff ective strategy at this point in time. — Bloomberg

BY N O A H S M I T H Chart 1 Chart 2

1 4 W O R L D B U S I N E S S TUESDAY FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY

97 fi rms fi le legal brief against Trump order

Pound drop sees UK profi ts squeezed

World’s longest commercial fl ight lands in NZ

Technology industry has been among the most vocal in opposing his immigration policy

BY M A R K B E R G E N & S A R A H F R I E R

BY LU C Y M E A K I N

BY B E N J A M I N K AT Z

LONDON: UK companies are fac-ing tighter margins as the British pound’s slide starts to fuel cost in-creases, according to the British Chambers of Commerce (BCC).

Th e sterling’s drop since Britain voted to leave the European Union is having a negative impact on the domestic sales margins of nearly half

WELLINGTON: Th e world’s longest commercial fl ight landed in New Zealand yesterday with the arrival of Qatar Airways’s 14,535km Doha to Auckland service, the airline an-nounced.

“We’ve offi cially landed in Auck-land,” the airline tweeted as fl ight QR920 landed at 7.25am (1825 GMT on Sunday), fi ve minutes ahead of schedule after a 16-hour, 23-min-ute fl ight.

The long-range Boeing 777-200LR crossed 10 time zones on its marathon fl ight.

Qatar Airways noted the fl ight was longer than the entire Lord of the Rings and Th e Hobbit trilogies which were fi lmed in New Zealand.

Th ere were four pilots on board as well as 15 cabin crew who served 1,100 cups of tea and coff ee, 2,000 cold drinks and 1,036 meals during the fl ight.

In keeping with international tra-dition to welcome inaugural fl ights, the Auckland airport rescue service showered the plane with water can-nons on arrival.

New Zealand Trade Minister Todd McClay said the estimated economic impact of the new service “will be well in excess” of NZ$50 million (RM161.85 million) with the increased freight capacity pro-vided. — AFP

SAN FRANCISCO: Ninety-seven companies, from Apple Inc to Zyn-ga Inc, fi led an impassioned legal brief condemning US President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy.

Th e amicus brief was fi led late on Sunday in the Ninth Circuit Court of Appeals, and emphasis-es the importance of immigrants in the economy and society. Th e companies originally planned to

fi le the brief later this week, but accelerated eff orts over the week-end after other legal challenges to the order, according to people familiar with the matter.

Th e participating technology companies include Airbnb Inc, Facebook Inc, Google, Intel Corp, Netflix Inc, Snap Inc and Uber Technologies Inc. Companies be-yond technology signed on as well, including Levi Strauss & Co and yogurt maker Chobani LLC.

“Immigrants make many of the nation’s greatest discoveries, and create some of the country’s most

innovative and iconic companies,” the brief states. “America has long recognised the importance of pro-tecting ourselves against those who would do us harm. But it has done so while maintaining our funda-mental commitment to welcoming immigrants — through increased background checks and other con-trols on people seeking to enter our country.”

Late on Friday, a US district judge temporarily lifted the Trump administration’s ban, freeing ref-ugees and visa holders from sev-en Muslim-majority countries to

enter the US. An appeals court declined to immediately reinstate the immigration restrictions over the weekend.

The technology industry has been among the most vocal in opposition to Trump’s immigra-tion policies.

Bloomberg reported earlier that several large tech companies, in-cluding Microsoft Corp and Al-phabet Inc, are planning to sign an open letter to Trump expressing concern about the immigration order and off ering help fi xing it and other policies. — Bloomberg

Ghana says IMF deal needs ‘tweaking’ after shortfall discoveryACCRA (Ghana): Ghana’s debt bailout programme with the International Monetary Fund (IMF) may require “tweaking” after the nation’s new admin-istration revealed that seven billion cedi (RM7.08 billion) in expenses were not accounted for by the previous government, the fi nance minister said. Th e country is in talks with the IMF and will seek to fi nalise an au-dit of the undisclosed spending by Feb 15, Minister of Finance Ken Ofori-Atta told reporters in the capital, Accra, yester-day. Once the fi nancing gap is established, the government will determine how it wants to raise funds for the shortfall, Ofori-Atta said. — Bloomberg

JPMorgan gets China corporate bond underwriting licenceHONG KONG: JPMorgan Chase & Co said yesterday it had re-ceived approval and the licence to underwrite corporate bonds in China’s interbank bond mar-ket, making it the fi rst US-head-quartered bank to do so. Th e licence enables JPMorgan to underwrite debt fi nancing in-struments issued by non-fi nan-cial entities, including com-mercial papers, medium-term notes and other instruments approved by regulators, it said. Th e licence was granted by the National Association of Finan-cial Market Institutional Inves-tors, which oversees the Chi-nese interbank bond market, said a statement issued by JP-Morgan. — Reuters

German industrial orders leap in December, beating predictionsFRANKFURT: Industrial orders in Europe’s largest economy Germany jumped in Decem-ber, data released yesterday showed, beating predictions and suggesting that economic good times will continue into 2017. Firms received 5.2% more orders in the fi nal month of last year, correcting for seasonal ef-fects, the federal statistics offi ce Destatis said. Analysts surveyed by Factset had predicted the fi gure would creep up by 0.7%. Most of December’s boost was down to large contracts, with the increase at just 0.4% if they were excluded. — AFP

Dubai said to agree US$3b loan to fund airport expansionDUBAI: Dubai agreed a US$3 billion (RM13.29 billion) loan with banks to fund the expan-sion of Dubai World Central airport and logistics hub as it prepares to host the World Expo in 2020, people familiar with the matter said. Th e emirate will pay interest of 200 basis points, or two percentage points, above the London Interbank Off ered Rate on the seven-year facility, said the people, asking not to be identifi ed because the talks are private. — Bloomberg

I N BR I E F

LONDON: Ryanair Holdings plc re-ported an 8% drop in third-quarter (3Q) earnings and said it’s “cautious” about meeting full-year targets as a capacity glut and stuttering econo-mies cause fares to tumble.

Profi t after tax fell to €95 million (RM452.12 million) in the three months ended Dec 31 from €103 million a year earlier, Dublin-based Ryanair said in a statement yesterday. Analysts had predicted that the fi g-ure would be barely changed at €102 million, based on eight estimates.

Europe’s biggest low-cost airline saw prices tumble 17% in the quarter as it sought to undercut rivals, and said that trend is set to continue. While 12-month profi t should still be in the range of €1.3 billion to €1.35 billion, the company said it can’t be more specifi c and that any “se-curity events” impacting near-term bookings could cause it to fall short.

“We are cautious about the bal-ance of the year,” chief fi nancial of-fi cer Neil Sorahan said in a phone interview. “Any other shocks to the market, be it air traffi c control strikes or terrorism, if we were to see any major events, then clearly all bets would be off .” — Bloomberg

Ryanair cautious about outlook as 3Q profi t declines

of businesses surveyed, while the eff ect on exports is mixed, the BCC said. Th e survey also found that 68% of businesses expect their costs to increase over the coming year, with 54% of companies expecting to have to lift the prices in the same period.

“The falling pound has been a double-edged sword for many UK businesses,” Adam Marshall, director-general of the BCC, said.

“Nearly as many exporters say the low pound is damaging them as benefi ting them.”

Higher prices risk hitting the con-sumers that have so far proved the backbone of the UK’s economic resilience. While the Bank of Eng-land has said some policymakers have begun to worry about accel-erating infl ation, it has indicated that it won’t rush to tighten policy.

Th e survey, run in partnership with Moneycorp and based on the responses of nearly 1,500 businesses, also showed nearly half don’t cur-rently manage foreign exchange risk or expect to do so in the six months. Th at leaves them at risk of being “locked into contracts with sup-pliers and unable to be responsive to currency fl uctuations,” Marshall said. — Bloomberg

W O R L D B U S I N E S S 1 5TUESDAY FEBRUARY 7, 2017 • THEED G E FINANCIAL DAILY

Samsung to disband corporate strategy offi ce after probe endsSEOUL: Samsung Group said it will disband its corporate strat-egy offi ce after a special pros-ecution probe ends, setting a timeline on a pledge to wind up the offi ce that has been crit-icised for its role in a national graft scandal that threatens to permanently unseat President Park Geun-hye. The special prosecution has classifi ed Jay Y Lee, Samsung’s third-gener-ation leader, and head of the corporate strategy offi ce Choi Gee-sung as suspects in its brib-ery investigation. “Action will be taken following the conclusion of the special prosecutor’s inves-tigation,” it said in a statement, adding that preparations are al-ready underway. — Reuters

Japan’s 0.5% wage increase last year biggest since 2010TOKYO: Th e wallets of Japan’s workers ended up a bit fatter last year, with total earnings ris-ing the most since 2010. Total pay rose 0.5% from the previous year to an average ¥3.78 million (RM149,171), while the number of hours worked dropped. Reg-ular workers saw an increase in pay, while part-timers, who are an increasingly large sec-tor of the workforce, saw their income decline 0.1%. Th e rise provided some good news for workers and the government, which has repeatedly exhorted employers to boost workers’ pay to create a virtuous cycle of rising wages and profi ts that translate into higher spending and infl ation. — Bloomberg

Hyundai Motor Group pro-motes fewer executives after fl agship’s profi t dropSEOUL: Hyundai Motor Group said yesterday that in an annual reshuffl e it has promoted 348 executives, down 5% from last year, due to “growing business uncertainty”. Th e revamp comes as Hyundai Motor Group focuses on slashing costs, including cut-ting executive pay, after fl agship unit and automaker Hyundai Motor posted its fourth consecu-tive annual profi t decline in 2016. South Korea’s conglomerates like Hyundai and Samsung have de-layed their year-end annual pro-motions after senior executives were questioned by prosecutors investigating a political scandal involving South Korean Presi-dent Park Geun-hye. — Reuters

Sharp climbs the most in two weeks after narrowing loss outlookTOKYO: Sharp Corp rose the most in two weeks after the company narrowed its full-year loss outlook and posted its fi rst quarterly profit in more than two years. Th e shares climbed as much as 4.5% to ¥327 (RM12.86) in Tokyo yesterday, the biggest in-traday jump since Jan 23. Th e net loss will reach ¥37.2 billion in the year ending March 31, the com-pany reported last Friday, citing cost reductions. — Bloomberg

I N BR I E F

Toyota, Suzuki courtship intensifi esCompanies say partnership talks to begin

HONG KONG: A court-man-dated bankruptcy is in Takata Corp’s stars, if shareholders in the Japanese airbag maker are to be believed.

Stock in the group, whose faulty products are linked to at least 17 deaths and the subject of recalls that may exceed 100 mil-lion units, plunged by the daily limit yesterday in Tokyo after an announcement over the week-

Takata’s Chinese white knight may slay investor equity

BY N A O M I TA J I T S U

TOKYO: Toyota Motor Corp and Suzuki Motor Corp yesterday said they have agreed to begin formal talks aimed at forging a partnership in shared procurement, green ve-hicles, information technology and safety technologies.

The agreement takes the two Japanese automakers a step closer to a tie-up that could give Suzuki, a maker of aff ordable mini vehi-cles and compact cars, access to Toyota’s technology. Th e world’s second-biggest carmaker in return would benefi t from Suzuki’s strong market position in India.

“Toyota and Suzuki have agreed to work toward the early realisation of a business partnership,” they said in a joint press release.

SYDNEY: Apple Inc has stepped up its battle with Australia’s banking industry over the future of mobile payments, accusing an industry consortium of attempting to “de-lay or even block” the expansion of Apple Pay into the country.

In its latest submission to the Aus-tralian Competition and Consumer Commission (ACCC), published yes-terday, Apple said it was concerned banks are seeking to “delay the ex-pansion of Apple Pay”, hurting both consumers and smaller card issuers who could use the technology “as a means of securing a digital presence in competition with the big banks”.

It is the latest salvo from the US technology giant in a dispute about whether the country’s leading banks should be permitted to negotiate as a bloc over the introduction of

Th e companies in October said they were exploring a partnership, citing technological challenges fac-ing automakers and the need to keep up with consolidation in the global auto industry.

Suzuki, Japan’s fourth-largest au-tomaker, has said it has been strug-gling to keep pace with the speed of research and development (R&D) in the industry, a technology race that Toyota, with its greater fi nan-cial clout, is better able to cope with.

Toyota invests heavily in R&D in areas including automated driv-ing, artifi cial intelligence and low-er-emission cars.

Suzuki has long sought a bigger partner. A tie-up with Volkswagen AG ended on a sour note in 2015, after the German carmaker accused Suzuki of

violating their pact by agreeing to a diesel engine deal with Fiat.

For Toyota, access to Suzuki’s tightly knit supply chain network in India, which the automaker has cul-tivated since the 1980s, could help it develop and sell more mainstream cars tailored for the local market.

Fujio Ando, an adviser at Chiba-gin Securities, noted before yester-day’s announcement that except for compact cars, the two automakers had little overlap in their produc-tion line-up, adding that Suzuki was already buying hybrid technology from Toyota.

“One question will be how much Toyota will open up to Suzuki given its relations with Daihatsu,” he add-ed, referring to Toyota’s own mini vehicle specialist fi rm. — Reuters

Apple hits out at Australian banks over Apple Pay boycott motiveBY E M I LY C A D M A N

Apple Pay. Th e banks, which have invested in their own mobile tech-nology in recent years, fear being shut out of the fast-growing market and want to negotiate as a group to boost their bargaining power.

Th e dispute centres around ac-cess to the iPhone’s near-fi eld com-munications antenna, the tech-nology that makes payments on

contactless readers possible. In its latest submission, Apple

said the banks’ core motivation is to avoid paying fees to use Apple Pay, or to discourage their cus-tomers from using the technology by charging for the service. Th at interpretation was “incorrect and unsupported,” the banks said in a statement. — Bloomberg

TOKYO: Yahoo Japan Corp jumped the most since 2013 after quarterly earnings beat estimates on strong growth in advertising and online shop-ping from smartphones.

Shares surged as much as 17% intraday yesterday in To-kyo and hit their daily upper price limit. They were 15% higher as of 10.35am — adding about US$3.4 billion (RM15.1 billion) in market value.

Operating income in the quarter through December was ¥51.8 billion (RM2.01 billion), compared with the ¥49.5 bil-lion average of estimates com-piled by Bloomberg. Sales were ¥221.4 billion, above analyst expectations for ¥219.5 billion.

Th e strong results come amid the company’s continued push into smartphones, which ac-counted for more than half of all advertising revenue for the fi rst time in its history. Online shopping through its auction service also helped thanks to tighter cost controls and higher spending by users. Its fi nancial services business, which settles online transactions and provides credit cards, also performed bet-ter than analysts expected.

“Almost all businesses such as ads, paid member-ship, shopping and credit card were well-managed and pro-vided positive surprises,” Na-oshi Nema, an analyst at Can-tor Fitzgerald, wrote in a Feb 4 report where he upgraded his outlook. “We were relatively pes-simistic on its future potential but we now change our view and believe its sustainable growth.”

Nema upgraded his price target to ¥660 per share from ¥400, while boosting his out-look to overweight from neu-tral. Nomura Holdings Inc also increased its price target to ¥640 from ¥590.

Th e company operates one of Japan’s most popular web-sites and provides everything from news aggregation to shop-ping through its auction plat-form. — Bloomberg

Yahoo Japan soars most since 2013 as ads, e-commerce lift profi tBY Y UJ I N A K A M U R A

BY N I S H A G O PA L A N end that Key Safety Systems Inc, a US auto supplier controlled by China’s Ningbo Joyson Electronic Corp, has been recommended as a preferred bidder. With sell orders overwhelming buys, no shares ac-tually changed hands.

Hang on, aren’t white knights generally good news?

Well, yes and no. Although bank-ruptcy protection would help shield Joyson Electronic from billions of dollars of liabilities, it would also wipe out investors’ equity. Takata

has indicated it wants to avoid that scenario, but shareholders clearly need more convincing.

Purchasing Takata would be a good deal, though, for Joyson Electronic, one of China’s largest private-sector automotive manu-facturers. It would make Key Safety the world’s second-largest airbag maker, plus give it access to the big Japanese carmakers that are Taka-ta customers. Controlling Takata’s assets could also turn out to be a nice bargaining chip, considering

rival Autoliv Inc has expressed interest in parts of the business.

Takata’s future costs are ob-viously a black hole, especially if customers move to recoup ex-penses incurred as a result of the recalls. And any sale may be a way off , considering key customers also have to be on board and could have a say in whether Takata fi les for bankruptcy protection or not.

Shareholders, for their part, may be wishing this white knight rides into the sunset. — Bloomberg

A demonstration of the mobile payment service Apple Pay. Apple said it was concerned banks are seeking to ‘delay the expansion of Apple Pay’. Photo by Reuters

1 6 F O C U S TUESDAY FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY

Investors fl ex rights at independent industrial REITsNot having a general mandate to issue new units is a major impediment for a REIT manager — bankers

S TO R I E S BY G O O L A WA R D E N

Unitholders of local real estate investment trusts are often said to be at a disadvantage when it comes to holding their managers to account. Tell that to the managers of

Cambridge Industrial Trust (CIT) and Sa-bana Shar’iah Compliant Industrial REIT. Recent developments at the two REITs un-derscore the power that unitholders have over their managers, even though the latter are not owned by the REITs. And, the two cases highlight the manner and conditions in which dissident unitholders can mount an attack on their managers.

CIT and Sabana REIT share similarities. Both own industrial properties, a segment of the market that has been suff ering from adverse trends. At 12.7% as at Dec 31, indus-trial property vacancy rates are the highest among the various sectors. According to a report by JTC Corp, 2.4 million sq ft of new industrial space is estimated to come on-stream this year. Th is fi gure is higher than the average annual supply and demand of 1.8 million sq ft and 1.3 million sq ft respectively in the past three years, JTC says, and that it is likely to exert further downward pressure on occupancy rates, prices and rentals.

Neither CIT nor Sabana REIT are backed by large developers with a strong position

in the industrial property sector, such as Ascendas or Mapletree Investments, which puts them at a disadvantage when it comes to refocusing their assets when market con-ditions or tenants change. It also leaves them vulnerable to pressure from minority unitholders, who may oppose capital-raising exercises and other initiatives that require their cooperation.

For instance, Sabana REIT came to mar-ket with a portfolio of properties that were master-leased on a triple net basis, where the tenant bears the operating costs. As master

leases started to expire in late 2013, the REIT faced the challenge of managing multiple tenants and was saddled with maintenance costs and property taxes. Worse, this hap-pened just as the industrial property sector turned down.

In 2016, Sabana REIT reported distributa-ble income of S$37 million and distribution per unit of 5.01 Singapore cents. By com-parison, in 2011, it achieved distributable income of S$60.6 million and DPU of 9.53 Singapore cents. Units in Sabana REIT now trade at a yield of more than 13%.

In the wake of the poor performance, one of Sabana REIT’s signifi cant minority investors refused to back a capital-raising exercise. On Dec 20, when Sabana REIT an-nounced a deeply discounted rights issue, it also stated that the family controlling its sponsor Vibrant Group would take its pro-ra-ta entitlement and undertake to subscribe to a further 8.35% of the rights issue that would have been the entitlement of Chinese prop-erty tycoon Tong Jinquan. On Jan 26, Sabana REIT noted that Tong had not subscribed

AA REIT’s redeveloped assets boost DPU ON a weekday morning last month, the fi ve-storey warehouse at 20 Gul Way was a hive of activity, with trucks whizzing up and down its specially constructed ramps. Th e property, which is owned by AIMS AMP Capital Industrial Real Estate Investment Trust (AA REIT), came off its master lease last December, but there is no sign of a de-cline in occupancy.

Koh Wee Lih, CEO of AA REIT’s manag-er, attributes the activity at the property to his team’s eff orts in signing up tenants. “We have cases where master leases were revert-ed back to us and we managed to fi ll up the space within one year,” he says. “Leasing is our bread and butter. If I can’t lease out the property, we shouldn’t be in this business.”

Koh declines to reveal the occupancy rate at the property, noting that AA REIT is due to report its results for 3QFY2017 ended Dec 31, 2016 on Feb 9. As at Sept 30, the occupancy rate of AA REIT’s port-folio — comprising 26 industrial properties valued at S$1.23 billion — stood at 92.7%.

Many industrial property REITs came to market with properties under master lease to a single tenant, often on terms where the master tenant bore all the costs. When the master leases ended, some of these REITs struggled to repurpose and re-tenant the properties. AA REIT is proving to be some-thing of an exception. Besides managing to keep its property at 20 Gul Way occupied, it has managed to boost the income from

that and other assets in its portfolio. Th e key to its success has been a will-

ingness to take a chance on redeveloping the properties. Its property at 20 Gul Way originally comprised 10 single-storey build-ings. Th ese have been redeveloped into a fi ve-storey ramp-up logistics warehouse comprising 1.66 million sq ft of gross fl oor area (GFA). Its annual rental is S$29.03 mil-lion, and the property was recently valued at S$280.1 million, seven times more than the S$41.8 million prior to redevelopment. It contributes 23% to AA REIT’s income.

AA REIT has also redeveloped its property at 103 Defu Lane 10, raising its annual rental income to S$3.96 million from S$1.21 million. Th e property start-ed contributing from the July-to-Septem-ber 2014 quarter. Also, on Dec 27, AA RE-IT’s redeveloped property at 30 Tuas West Road received its Temporary Occupation Permit. The redevelopment raised the GFA from 158,717 sq ft to 288,663 sq ft.Annual rental is likely to rise from S$820,000 to S$4.15 million. Th e entire property is mas-ter leased to CWT and the fi rst full quarter of contribution is likely to be 2QFY2018 ending Sept 30 this year.

New build-to-suit projectNow, for the fi rst time, AA REIT is under-taking a build-to-suit project. Located at the junction of Marsiling Road and Marsiling Lane, it is for Beyonics. Koh says, “Beyonics

was introduced to us by one of our business partners and we talked in broad terms.” Th e company then formally began a “request for proposal” exercise in which AA REIT was invited to bid for the project. “Th e whole process — we knew of the site for two years and the negotiation with Beyonics took nine months — was very long,” he adds.

Th e total development cost is expected to be S$39.4 million, with annual rental income estimated at S$3.5 million. The project will be completed in the second half of this year, and Beyonics will lease the property for 10 years, with an option to renew for another 10 years. “We’re looking at close to 9% yield. Normal leases are three to fi ve years but because this is a build-to-suit project, we are able to secure the tenant for 20 years,” Koh says. Th e project will add 0.3 Singapore cent to its dividend per unit (DPU), and gearing is estimated at 36% on a pro forma basis.

Separately, AA REIT is redeveloping its property at 8 & 10 Tuas Ave 20, which was damaged in a fi re. Th e new property will be a versatile three-storey industri-al facility with ramp and cargo lift, butAA REIT has yet to secure a tenant. Koh says he is confi dent that he can lease it out by the time the redevelopment is com-pleted this year. “We are optimistic but we don’t want to commit to announcing anything until we get the signature on the dotted line.”

Nine more redevelopmentsKoh has identifi ed a further nine properties in the portfolio that could be redeveloped. “Th ese were built sometime ago and the plot ratio giv-en was two times, but they were only built up to 1.4 times. We identify projects and most of the time we identify the tenants also,” he says.

He has no illusions about the outlook for the industrial sector, though. “Th e real estate landscape is challenging and the challenges will continue from 2016 to 2017. We are dealing with this the best we can,” Koh says. He feels that rents are now stabi-lising. “Since the start of the year, we have been feeling more optimistic because the big supply last year has been fi lled up.”

In the meantime, he has made sure that the contributions from the latest two redevel-opments and the build-to-suit project will be staggered in their contributions to DPU. Koh explains, “Th e new projects will contribute positively, but we also have lease expiry. So, they will help cushion the softness in the rent. We try to boost the top line with new projects and higher occupancy rates, and the bottom line will be pushed up by controlling expenses and [lower] fi nancing costs.”

For 1HFY2017 ended Sept 30, AA REIT’s DPU fell 0.9% to 5.5 Singapore cents. For FY2016, the REIT distributed DPU of 11.35 Singapore cents, up 2.5% y-o-y. Units in AA REIT are up 2% in the last 12 months, and currently trade at a forward yield of 8.18%. — Th e Edge Singapore

Which industrial REIT is best?

MARKET CAP PRICE FYE CURRENT/ NAV DPU YIELD PRICE/NAV SPONSOR’S AS AT FEB 2 (S$) ANNUALISED AS AT DEC 31 (%) (TIMES) STAKE (S$ MIL) DPU (CENTS) ($) (%)

AIMS AMP Capital Industrial REIT 859.0 1.345 March 11.00 1.37 8.18 0.98 18.00Ascendas REIT 6,904.0 2.410 March 15.80 2.08 6.56 1.16 20.01Cache Logistics Trust 720.3 0.800 December 7.73 0.78 9.66 1.03 NMCambridge Industrial Trust 724.0 0.555 December 4.17 0.63 7.52 0.88 NMEC World REIT 778.5 0.705 December 5.70 0.96 8.09 0.73 41.00Frasers Logistics and Industrial Trust 1,349.0 0.945 September 6.60 0.91 6.98 1.03 22.50Mapletree Industrial Trust 2,905.0 1.615 March 11.28 1.37 6.98 1.18 34.21Mapletree Logistics Trust 2,613.0 1.045 March 7.48 1.01 7.16 1.03 39.55Sabana Shar’iah Compliant Industrial REIT 405.4 0.385 December 5.01 0.74 13.01 0.52 12.00Soilbuild Business Space REIT 661.8 0.635 December 6.09 0.72 9.59 0.88 24.70Viva Industrial Trust 731.0 0.760 December 6.96 0.79 9.16 0.96 49.90

Sources: Company reports, OCBC Investment Research, Bloomberg

CONTINUES NEXT PAGE

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

for its recently completed rights issue. He continued to hold 43.94 million units in Sa-bana REIT, but his stake has fallen to 6.19% compared with 8.8% prior to the rights issue.

Dissident unitholders organiseSabana REIT’s manager says it took into consideration rights issues done by oth-er listed companies and prevailing mar-ket conditions. “We believe the attractive pricing presents existing unitholders with a compelling opportunity to increase their holdings in Sabana REIT and participate in the trust’s long-term growth.”

Th e REIT managed to raise about S$80.2 million through the rights issue of 310.7 mil-lion new units at 25.8 Singapore cents each. Th e rights proceeds were used to acquire three properties costing S$77 million. Of these, two came with income support and all three were non-yield-accretive. “Th e NPI yield of the acquisition properties is in ex-cess of 8%, which is higher than the existing portfolio NPI yield,” the manager says. For the purchase of 107 Eunos Ave 3, which cost S$34.5 million, S$6.3 million was deducted from the sale price for income support. De-spite income support, on a pro forma basis, the acquisition would have diluted Sabana REIT’s 2015 DPU of 6.85 Singapore cents by 3.3%. A second acquisition, 77 Eunos Ave 7, would have diluted the REIT’s 2015 DPU by 2%. A third property, 47 Changi South Ave 2, which was sold into the REIT by sponsor Vibrant for S$23 million, would have diluted the REIT’s 2015 DPU by 2.6%.

Now, several small unitholders of Sabana REIT are up in arms. “We bought the property from our sponsor for S$23 million, yet it sits in Vibrant’s books at only S$9.93 million,” says unitholder Jerry Low, a retired stockbroker. “Th e work done by the manager is merely administrative, yet they want S$230,000 for the eff ort,” he adds, referring to the acquisi-tion fee of 1% charged by the manager. Most other REITs have lowered acquisition fees for interested party transactions to 0.5%.

On Jan 14, Low started a blog to rally oth-er disgruntled unitholders. Among other things, he pointed out that Sabana REIT had paid out fees of S$8.5 million, S$9.7 million

and S$9.3 million in 2013, 2014 and 2015 re-spectively. Yet, its DPU has fallen from 9.38 Singapore cents in 2013 to 6.85 Singapore cents in 2015.

Low now has the backing of more than 50 unitholders to requisition an extraordinary general meeting, and may do so as early as Feb 6. Among the resolutions he plans to put forward is forming a new company to replace the current manager. He also wants the new manager to be internalised within the REIT. If this is not successful, he plans to put forward a resolution to sell the assets of the REIT and return the cash to unitholders. Low has sought the support of Tong for his initiative and been in touch with Metro Holdings, which holds 8.6 million units in Sabana REIT.

Low is not the only unitholder go-ing on the off ensive. Koh Yee Kan is also drumming up support for an EGM to put forward a raft of similar proposals. Among other things, he points out that Sabana REIT’s DPU has declined in the past year whereas Mapletree IndustrialTrust’s has increased slightly. “It is obvi-ously the case that the manager did not do a good job, not because of the slowdown of the Singa pore economy,” Koh says.

In a late announcement on Feb 2, SabanaREIT’s manager and sponsor said they would conduct a strategic review of the REIT. Th e scope of the review includes the current shareholding structure of the REIT and man-agement of the manager. It also includes Sa-bana REIT’s strategic direction and business.

Subtle controlInterestingly, Chinese property tycoon Tong is also a signifi cant unitholder of CIT, with a 17% stake. In fact, it was the weight of his buying in 2013 that resulted in CIT’s outperforming the FTSE REIT Index, according to a report in Th e Edge Singapore (“REIT rumble”, Issue 636, July 28, 2014). As it happened, CIT had a performance fee structure that was tied to the market performance of its units versus the index. As a result, its manager was entitled to total fees of S$27.7 million in 2013, which was equivalent to 35% of CIT’s revenue and 42% of its net property income (NPI) that year. CIT subsequently slashed its fees for 2013 and changed its performance fee structure.

The emergence of Tong as a major unitholder would soon pose another prob-lem for the manager. At its AGM in April 2015, CIT failed to obtain the backing of suffi cient unitholders for a general man-date to issue new units. The revolt was believed to have been led by Tong and a former investment banker named CharlieChan, who held about 5% of CIT’s units.

According to some bankers, not having a general mandate to issue new units is a majorimpediment for a REIT manager, and gives unitholders a form of subtle control. In eff ect, every issue of new units would require unitholder approval, making it diffi cult for the manager to pursue deals that would enlarge the REIT and boost its management fees. Without such opera-tional fl exibility, the value of the manageritself would be adversely aff ected. On Jan 20, it was announced that National Australia Bank and Oxley Capital would sell their 80% stake in CIT’s manager to e-Shang Redwood. Th e price was not disclosed.

Smooth sailing at VITThe manager of Viva Industrial Trust

appears to have a better relationship with Tong, even though VIT raised money recent-ly. According to fi lings, Tong owned 63.4% of VIT, or 376.9 million stapled securities, when the REIT completed its IPO in 2013. Following a preferential equity-raising ex-ercise in 2015, his holding increased to 480 million stapled securities, but his overall stake has been diluted to 49.9%.

“He is okay with the dilution as long as he sees that his absolute returns keep growing,” says Wilson Ang, CEO of VIT’s manager. “It helps the trust as well because it becomes more liquid, and gains new investors.” Tong also owns a 34% stake in VIT’s manager.

Despite owning industrial properties and not having the backing of a major develop-er, Ang says VIT is looking forward to dou-ble-digit rental reversions at UE BizHub East, one of the properties it has held since its IPO. VIT has also been growing its portfolio. On Jan 16, it completed the acquisition of 6 Chin Bee Road for S$87.3 million from SharikatNational, a food company. Th e REIT had to pay an additional S$5.7 million in land

premium to JTC Corp. Th e total cost of the acquisitions, including sundries, was S$94.3 million. Th e property comes with a master lease of seven years, with an annual rent of S$7.44 million on a triple net basis, with an escalation of 1.5% a year from the third year.

The acquisition was part-funded by a placement of 30.5 million new stapled secu-rities to the vendor at 75.45 Singapore cents apiece. VIT also issued 60.8 million new sta-pled securities at 74 Singapore cents apiece to new securities holders. According to an announcement, when the acquisition was declared, the pro forma impact on VIT’s DPU was negligible. Ang says, however, that if the acquisition had been completed on Nov 7,at the time of the private placement, the pro forma DPU would have been 3% higher than the 3QFY2016 DPU of 1.81 Singapore cents.

Other than acquisitions, Ang and his team undertook a substantial asset enhancement initiative (AEI) of what is now Viva Busi-ness Park. Following the AEI, the property is expected to generate incremental NPI of S$9.8 million a year, translating into a return on investment of 12%. “Th e redevelopment of Viva Business Park proves they have the ability to execute,” says Vijay Natarajan, an analyst at RHB Securities.

VIT delivered DPU of 6.83 Singapore cents, seven cents and 6.97 Singapore cents in 2014, 2015 and 2016 respectively. Natara-jan forecasts a 4.4% growth in DPU to 7.28 Singapore cents for this year, and a further 2.9% growth to 7.49 Singapore cents for next year, translating to forward yields of 9.4% and 9.7% respectively.

“We expect Viva Industrial Trust to con-tinue performing solidly in 2017 on the back of its favourable business park expo-sure (59% of assets) and master lease rent guarantees. AEIs at Viva Business Park are progressing well, with full contributions gradually kicking in this year. Th e Chin Bee acquisition has been completed and will contribute positively from 1Q2017,” Natarajan writes in a recent report. He has a “buy” recommendation with a price tar-get of 85 cents.

Clearly, the lack of drama at VIT is a re-fl ection of the manager’s taking care of in-vestors. — Th e Edge Singapore

FROM PREVIO U S PAGE

BY L I N D S E Y R U P P & K AT I A D M I T R I E VA

HUDSON’S Bay Co is in early stage talks with Macy’s Inc about a possible takeover of the struggling department-store chain, ac-cording to a person familiar with the matter.

Discussions are preliminary, and a full takeover may not be the only option on the table, the person said, asking not to be identifi ed as the details aren’t public.

A takeover of Macy’s may placate activ-ist investor Starboard Value LP, which has been pushing the retailer to wring more money from its real estate holdings and consider forming a real estate investment fund (REIT). For Hudson’s Bay, a deal could give its portfolio another marquee name alongside Saks Fifth Avenue and Lord & Taylor, as well as provide it with high-quality real estate in the US, including its fl agship store at New York’s Herald Square.

“Retail isn’t dead; it’s just too big,” said Poonam Goyal, an analyst at Bloomberg Intelligence. “If you can pay the right price and get a good company with good brand equity and good brands — in mid-tier re-tailing — Macy’s is the best of them.”

Macy’s shares rose the most in almost six months last Friday after the Wall Street Jour-nal reported that Hudson’s Bay made an approach, citing people it didn’t name. Th e stock surged as much as 12% to US$34.37 (RM152.26) in New York, the biggest intr-

Hudson’s Bay said to hold early takeover talks with Macy’s

aday gain since Aug 11. It had been down 25% in the 12 months through last Th ursday. Hudson’s Bay climbed as much as 6.2% to C$10.62 (RM36.09) in Toronto.

Hudson’s Bay chief executive officer (CEO) Jerry Storch and representatives for Macy’s declined to comment when contacted by Bloomberg.

New CEOTh e talks come as Macy’s president Jeff Gennette prepares to take over as chief ex-ecutive offi cer from long-time leader Terry Lundgren. He’s taking the reins at a time when Macy’s and other department-store chains are in turmoil because of dwindling mall traffi c and shoppers’ continued migra-tion online. Th e Cincinnati-based company cut its annual forecast in January following a weak holiday sales season.

Richard Baker, the chairman of Canada’s oldest retailer, has focused on turning mer-chants into real estate vehicles. Hudson’s Bay purchased Saks Inc in 2013, and agreed to buy Metro AG’s Galeria Kaufhof stores for €2.83 billion (RM13.47 billion) just two years later. Th e Canadian fi rm formed two joint ventures with Simon Property Group Inc and RioCan Real Estate Investment Trust in 2015, valued at about C$2 billion.

Quality mallsMacy’s only has about 730 stores in its

portfolio, about half of which are in the best malls. Th e retailer also sells national brands that Hudson’s Bay might want access to for its own Canadian stores, Goyal said.

“If you think of Hudson’s Bay, it’s a re-tailer, but it’s also an underlying REIT, and Macy’s has plenty of real estate opportu-nities,” Goyal said.

If a deal occurs, Hudson’s Bay may fold Macy’s assets, worth about C$26 billion, into HBS Global Properties, its joint ven-ture with Simon, said Steven Salz, an ana-lyst at M Capital Partners Inc. That would appease investors who are looking for a vehicle with a more diversified tenant base. At the time of the joint-venture an-nouncement, Baker said he was seeking to “fatten up” the portfolio before an initial public offering. The most likely structure is a private REIT, or an umbrella partner-ship REIT, he said.

The portfolio’s total assets would be worth about C$37 billion, and would be leveraged at about 50% loan-to-value, giv-ing the company an ultimate equity value of about C$18 billion, Salz said.

Closing storesMacy’s, which has a market capitalisation about seven times the size of Hudson’s Bay’s, has been struggling to grow sales as consumers skip trips to the mall and shift spending towards e-commerce and

more specialised retailers. To cope, the company is working to rein in its sprawl-ing operations. In January, it announced plans to slash 6,200 jobs. It previously said it would close 100 underperforming loca-tions, with 68 of those shutting down this year. Th at move will eliminate about 4,000 additional jobs.

Th e cost-cutting should generate annu-al savings of US$550 million, beginning in 2017, Macy’s said. Th at’s higher than a pre-vious goal of US$500 million announced in 2015. Th e idea is to pump the savings into its e-commerce business, China operations and other units, such as its Bluemercury make-up division.

Bonds sold by Macy’s were the biggest gainers in the debt market as at 11.16am last Friday. Th e company’s US$750 million of 10-year notes due in 2023 gained two US cents to 95.75 US cents, their biggest jump since March, according to Trace, the bond price reporting system of the Financial In-dustry Regulatory Authority.

One benefi t of combining Macy’s and Hudson’s Bay would be the opportunity to close a large number of stores, especially in the US, which is widely considered to have too many, Salz said.

“It’s a bit of a new normal now,” he said. “Th is helps consolidate retail generally. Th e industry can use something like this.” — Bloomberg

1 8 W O R L D TUESDAY FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY

Ex-Catalan chief stands trial for civil disobedienceBARCELONA: Catalonia’s former leader Artur Mas went on trial yesterday for civil disobedience over an independence referen-dum he organised in 2014, with the hearing expected to draw thousands of protesters and stoke the Spanish region’s separatist fervour. At least 40,000 supporters of independence for the wealthy, north-eastern region are expect-ed to rally next to the Barcelona court where Mas and two former associates will be heard. Th ey are accused of serious civil dis-obedience and misconduct for having organised a symbolic, non-binding referendum in No-vember 2014 despite a ban by Spain’s Constitutional Court, which deemed it illegal. — AFP

March in Quebec to hon-our six shot in mosqueQUEBEC CITY: Several hun-dred people braved snow and cold on Sunday in Quebec City to honour the six men shot to death a week earlier while pray-ing at a local mosque. “No to Islamophobia, Yes to Peace,” “Open Your Heart” and “No to Terrorism” were the mes-sages on some of the signs and banners carried by marchers, many of them Muslim. Th e vic-tims included two Algerians, a Tunisian, a Moroccan and two Guineans, all holding Canadi-an citizenship as well. Th ey had been attending evening prayers at their mosque when a gunman stormed in and unleashed a bar-rage of bullets from a pistol and a semi-automatic rifl e. — AFP

Trump to meet Nato lead-ers in May — White HousePALM BEACH, Florida: Don-ald Trump will meet fellow Nato leaders in May, the White House said on Sunday after the pres-ident’s call with the alliance’s Secretary General Jens Stolten-berg. Trump expressed “strong support for Nato” but called on European members to pitch in more, the White House said in a statement, adding that Trump “agreed to join in a meeting of Nato leaders in Europe in late May.” “The parties agreed to continue close coordination and cooperation to address the full range of security challenges facing Nato,” the White House statement said. — AFP

Trump to create voter fraud commission WASHINGTON: Donald Trump said on Sunday he is creating a commission headed by Vice President Mike Pence to inves-tigate what the US leader al-leges was massive voter fraud in the 2016 election. No public evidence has emerged of large-scale illegal voting in the No-vember election, and Trump and the White House have failed to substantiate the president’s claim. However, Trump list-ed the ways he believed voter fraud had occurred during an interview with Fox News’s Bill O’Reilly which aired before the Super Bowl on Sunday. — AFP

I N BR I E FTrump under fi re for saying he respects ‘killer’ PutinUS president: We’ve got a lot of killers. You think our country’s so innocent?

LONDON: Queen Elizabeth II, the world’s longest reign-ing sovereign, yesterday set a new record as the fi rst British monarch to reach her sapphire jubilee, with 65 years on the throne.

Th e queen, now 90, rose to the throne in 1952 at the age of 25 upon the premature death of her father, King George VI.

As with previous milestones in her long reign, Queen Eliz-abeth is likely to spend Acces-sion Day privately at her San-dringham Estate in Norfolk, eastern England.

On Sunday, however, she was seen smiling as well-wishers gave her fl owers outside church.

Despite her reluctance to celebrate publicly, the occa-sion will be marked in Britain.

At the Tower of London, in the capital’s Green Park and all around the kingdom, gun salutes will be fi red in tribute.

Sapphire is the 65th anniver-sary gemstone and a photograph has been reissued of the sover-eign wearing a suite of sapphire jewellery given to her by her fa-ther as a wedding gift in 1947.

Th e 2014 portrait by David Bailey shows her wearing the glittering necklace, dating from 1850 and made of 16 large ob-long sapphires surrounded by diamonds.

“She has very kind eyes with a mischievous glint. I’ve always liked strong women, and she is a very strong woman,” the photographer said at the time.

Th e Royal Mint is marking the anniversary with special-ly-designed commemorative coins, ranging from a £5 coin to a £1,000 solid gold one-kilo-gram coin — which actually costs £50,000 to buy. — AFP

Queen Elizabeth II marks sapphire jubilee

BY A N D R E W B E AT T Y

PALM BEACH, Florida: President Donald Trump is drawing fi re from Republicans and Democrats alike after playing down political assas-sinations in Russia and Moscow’s invasion of Ukraine.

Trump — now two weeks into his four-year term — showed no signs of yielding to demands from within his own Republican Party to distance himself from President

PALM BEACH, Florida: President Donald Trump blasted the federal courts for a second day in a row on Sunday after his eff orts to imple-ment a travel ban were suspended and warned that the judiciary could be placing Americans in “peril.”

“Just cannot believe a judge would put our country in such peril. If something happens blame him and court system. People pouring in. Bad!” the president tweeted, after uncharacteristically taking a nearly day-long break from Twitter.

“I have instructed Homeland Security to check people coming

into our country VERY CAREFUL-LY. Th e courts are making the job very diffi cult!”

Th e saga began on Jan 27 when Trump issued a blanket ban on all refugees, as well as on travellers from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen.

Th at sparked a worldwide fu-rore, prompting protest marches and demonstrations in cities and at airports across the US.

Last Friday, a federal judge in Seattle, James Robart, blocked the ban nationwide pending a wider legal review.

On Saturday Trump angrily fi red off multiple tweets on the matter, stating that the “so-called judge” was “ridiculous” — and drawing criticism from Democrats and oth-ers who said the president was dan-gerously close to interfering with the judicial branch of government.

A leading Democratic sena-tor Patrick Leahy of Vermont said Trump seemed “intent on precipi-tating a constitutional crisis.”

Then early on Sunday, a US appeals court rejected an urgent government request to reinstate Trump’s controversial ban. — AFP

SYDNEY: Australia has made its larg-est cocaine haul ever after seizing a yacht carrying 1.4 tonnes of the drug with an estimated street value of A$312 million (RM1.06 billion).

The boat was stopped off the New South Wales coast on Feb 2 and six men were arrested, police said yesterday, following a two-and-a-half year joint investigation be-tween Australia and New Zealand.

“Th is is the largest cocaine haul ever seized in a single operation in Australia’s history,” said Immigra-tion Minister Peter Dutton.

Police allege the yacht sailed from New Zealand to a “mother-ship” in the South Pacifi c to pick up the drugs last month.

A 63-year-old New Zealand man and a 54-year-old Swiss-Fijian dual national who were aboard the yacht were taken into custody, while four men aged between 32 and 66 were arrested in Sydney.

The haul is the second re-cord-breaking bust in recent weeks, with police dismantling a cocaine ring in December in a joint oper-ation with Tahiti.

That was previously the larg-est haul of its kind, with the sting

Vladimir Putin’s regime, instead plunging himself into a fresh po-litical fi restorm.

“I do respect him. Well, I respect a lot of people, but that doesn’t mean I’m going to get along with them,” Trump said in an excerpt of an interview with Fox News’ Bill O’Reilly that aired before the Super Bowl on Sunday.

When pressed in relation to Pu-tin’s alleged links to the extrajudicial killing of journalists and dissidents,

Trump said, “we’ve got a lot of killers. You think our country’s so innocent?”

“Take a look at what we’ve done too. We’ve made a lot of mistakes.”

Trump’s fellow Republicans, in-cluding Senate leader Mitch Mc-Connell, were quick to criticise the president’s remarks.

“I don’t think there is any equiv-alency with the way the Russians conduct themselves and the way the US does,” McConnell said.

“He is a former KGB agent, a

thug, not elected in a way that most people consider a credible elec-tion,” he told CNN.

That criticism was echoed by Michael McFaul, a former ambassa-dor to Russia and adviser to presi-dent Barack Obama, who described Trump’s comments as “disgusting.”

“This moral equivalency that Trumps continues to draw between the USA and Russia is disgusting [and inaccurate],” he said on Twit-ter. — AFP

Trump blasts courts for blocking travel ban, warns of ‘peril’

Record cocaine bust in Australia

netting 1.1 tonnes of the drug in Tahiti and Sydney worth hundreds of millions of dollars, all destined for Australia.

With high street prices making Australia an attractive destination for drug-smugglers, police say they have stopped more than 11 tonnes of illicit substances bound for the local market in the past 18 months.

“We hope that this operation sends a strong message to anyone thinking of smuggling drugs: No matter how innovative or com-plex their ways are, our evolving detection methods and resources, including at sea, will keep up with them,” said Australian Federal Po-lice deputy commissioner of op-erations Michael Outram. — AFP

BY R O B I N M I L L A R D

W O R L D 1 9TUESDAY FEBRUARY 7, 2017 • THEED G E FINANCIAL DAILY

Death toll from Afghan avalanches tops 100KABUL: More than 100 peo-ple have been killed in a se-ries of avalanches triggered by days of heavy snowfall around Afghanistan, including 50 in one village, officials said on Sunday, warning the death toll could rise still further. Th e ava-lanches struck after three days of heavy snow, which has de-stroyed scores of homes and blocked roads mainly in central and northeastern provinces, making it diffi cult for rescue workers to reach the stricken villages. Th e bulk of the deaths however occurred in remote Nuristan province, where at least 50 people were killed in a single village, Mohammad Omar Mohammadi, a spokes-man for the ministry of natural disaster, told AFP. — AFP

Australian dies in jet ski crash on Thai holidayBANGKOK: A 21-year-old Aus-tralian woman was killed in a jet ski crash after she collided with her boyfriend off the coast of Th ailand’s Phuket island, po-lice said yesterday. Th e woman, identifi ed as Emily Collie, was brought to the shore of Kata beach after the accident on Sunday but was pronounced dead soon after, said Patiwat Yodkwan, a senior police offi cer on the island. “People on the beach tried to rescue her and send her to a hospital,” he told AFP, adding that her partner was not seriously injured in the accident. Police were waiting for an autopsy to determine exactly how the woman died, he said. — AFP

‘Half a million’ attend Romania protestsBUCHAREST: An estimated half-million Romanians took to the streets in another night of protests on Sunday, with many calling on the government to quit even after it scrapped the corruption legislation. Prime Minister Sorin Grindeanu stood fi rm, however, saying his gov-ernment, which has barely been in office a month, “has a re-sponsibility to the people who voted for us” and would not re-sign. Th e object of public anger is an emergency decree passed last Tuesday night which crit-ics at home and abroad feared marked an alarming retreat in the battle against corruption. — AFP

Eighteen killed in mas-sage parlour fi re in ChinaBEIJING: Police detained one person yesterday in connection with a fi re at a foot massage parlour in China that killed at least 18 people and injured an-other 18, media said. Th e fi re broke out at around 5.26pm (0926 GMT) on Sunday in east-ern Zhejiang province, the of-fi cial Xinhua news agency re-ported. It was extinguished in less than two hours. Eight lost their lives in the fi re, while an-other 10 died in hospital, ac-cording to Xinhua. — AFP

I N BR I E FChina ships sail near disputed isles after Mattis visit — JapanBeijing says US is ‘making the issue more complicated and bringing instability’ to region

BY N AT H A L I E A LO N S O& S O F I A B O U D E R B A L A

TOKYO: Japan said Chinese coast guard vessels sailed yesterday into its territorial waters around dis-puted islands in the East China Sea, days after the new US defence chief vowed to defend Tokyo’s con-trol of them.

Three ships entered the wa-ters surrounding the uninhabited chain, the Japan Coast Guard said in a statement. Th e isles are con-trolled by Japan as the Senkakus but claimed by China as the Diaoyus.

Th e incursion came at around

2pm (0500 GMT) and the ships were cruising in a south-south-westerly direction, according to the statement.

Th e ships left about two hours later, the coastguard said in a sep-arate statement.

The incident came two days after James Mattis, US President Donald Trump’s new defence secretary, said in Tokyo that the island chain was subject to a long-standing Washington-To-kyo defence treaty.

Th e islets are at the centre of a festering row between Tokyo and Beijing.

China was quick to accuse the US of stirring up trouble in Asia with the comments by Mattis.

Its foreign ministry spokesman said Washington should “stop mak-ing wrong remarks... and avoid making the issue more compli-cated and bringing instability” to the region.

China and Japan have repeat-edly clashed diplomatically over

ownership of the islands, and both sides regularly send ships.

Besides Japan, Mattis also visited South Korea last week as he sought to assure the key allies of continued US commitment to their security.

Trump rattled them last year while he was a candidate, with calls for them to pay more for de-fence support.

But Japanese and South Korean offi cials said Mattis never raised the issue of cost-sharing during the talks. — AFP

PARIS: Th e suspected Louvre Muse-um attacker refused to talk to French police during two rounds of question-ing on Sunday, a judicial source said.

Th e man, believed to be an Egyp-tian national, was shot in the stom-ach and seriously wounded after lunging at soldiers with two ma-chetes last Friday.

The attack was the latest in a string of assaults in France and thrust the issue of security back into the headlines three months ahead of the presidential election.

Investigators questioned him twice at his hospital bed where he is receiving treatment after his con-dition improved but he “still refuses to speak”, the judicial source said.

Th e suspect has been held at a Paris hospital since the attack near the museum last Friday morning.

Based on his phone and visa re-cords, he is thought to be Abdallah El-Hamahmy, a 29-year-old Egyp-tian living in the United Arab Emir-ates, who entered France legally on a fl ight from Dubai on Jan 26.

Investigators believe Hamahmy rented an expensive apartment near the Champs Elysees avenue.

Th e accommodation, which cost €1,700 (RM8,090) a month, was booked online in June, a source close to the investigation said.

Investigators say the attacker lunged at four soldiers shouting “Allahu Akbar” (God is greatest).

Among the various aspects police are looking amid their investigations, they are examining Hamahmy’s Twitter account after around a dozen messages were posted in Arabic just minutes before the attack.

“In the name of Allah ... for our brothers in Syria and fi ghters across the world,” he wrote, before referring to the Islamic State group in another tweet a minute later. — AFP

FOR GOOD LUCK ... Ethnic Miao men wearing traditional masks smearing dust on a woman’s face to wish her good luck during a local celebration event for the Lunar New Year in Liuzhou, Guangxi Zhuang Autonomous Region, China, on Sunday. Photo by Reuters

SYDNEY: Seven per cent of Catho-lic priests were accused of abus-ing children in Australia between 1950 and 2010 but the allegations were never investigated, “shocking and indefensible” data showed yesterday during an inquiry into paedophilia in the church.

Th e Royal Commission into In-stitutional Responses to Child Sex-ual Abuse heard that 4,444 alleged incidents of paedophilia were re-ported to church authorities and in some dioceses, more than 15% of priests were perpetrators.

Australia ordered the Royal Commission in 2012 after a decade of growing pressure to investigate

allegations of child abuse across the country, with the inquiry now in its fi nal phase after four years of hearings.

“Between 1950 and 2010, over-all 7% of priests were alleged per-petrators,” said Gail Furness, the lawyer leading questioning at the inquiry in Sydney.

“Th e accounts were depressing-ly similar. Children were ignored or worse, punished. Allegations were not investigated. Priests and religious [fi gures] were moved,” she added.

“Th e parishes or communities to which they were moved knew nothing of their past. Documents

were not kept or they were de-stroyed. Secrecy prevailed as did cover-ups.”

Th e average age of the victims at the time was 10 for girls and 11 for boys.

Of the 1,880 alleged perpetra-tors, 90% were men.

Th e St John of God Brothers re-ligious order was the worst, with just over 40% of members accused of abuse.

Th e commission has spoken to thousands of survivors and heard claims of child abuse involving churches, orphanages, sporting clubs, youth groups and schools. — AFP

One in 14 Catholic priests accused of abuse in Australia

‘Louvre attack suspect refuses to talk during police grilling’

2 0 F E AT U R E TUESDAY FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY

India state fi rm fusion is marriage of convenience

Recruiting students in MalaysiaForeign universities must be prepared to deal with challenges and competition to get the numbers

BY U N A G A L A N I

It is well known that Malay-sians value an overseas ed-ucation. Chances are, you would have a family member or know of someone who has studied abroad, especially in

English-speaking countries like the UK, Australia or the US.

Th is is no surprise considering that Malaysia is always in the top fi ve sending countries for the UK according to fi gures from the UK Higher Education Statistics Agency — recently published fi gures showed a total of 17,405 Malaysian students enrolled in the UK in the 2015/16 academic year, moving two notches up from No 4 to No 2 on the list of the top sending countries to the UK.

Offi cial fi gures extracted from the Australian Department of Education and Training website listed 14,531 students enrolled in higher educa-tion as of September 2016, making Malaysia the No 3 country on the list.

At the last count, there are over 30 UK universities with a regional offi ce presence in Malaysia cover-ing the Asean region. Add the 10-plus Australian universities with offi ces here, the growing number of US institutions setting up recruit-ment points, and the few Irish ones that have been making inroads via local representation in recent years, the fi eld is extremely crowded and competitive.

Despite this, there are still for-eign institutions eager to join the fray.

“We see an increasing number of UK universities expressing interest to come and set up a recruitment base for Southeast Asia here in Ma-laysia. Up till about fi ve years ago, there were fewer than 20 UK uni-versities with a base in the region, but the number totals more than 30 now”, says Jessie Teo, director of the Southeast Asia offi ce of the University of Sheffi eld, one of the fi rst few UK institutions to set up a base in Malaysia over 15 years ago.

Challenges in 2017Th is year will be an interesting one

to watch to see how the university offi ces position themselves in re-lation to each other, particularly in the light of global developments — for instance, the UK has Brexit, the US a new president and Australia a tepid economy.

In the UK, international student numbers are classed under the overall migration fi gures, an area the current UK government is keen to reduce. Tougher student visa policies and restrictions are being mulled as part of the government’s plans to reduce net migration fi g-ures. Th e negativity surrounding this news is not good at all for UK universities and they must ensure that they continue to be seen as wel-coming to international students.

Brexit also means UK univer-sities will be fi ghting to keep their share of European Union students, who currently enjoy attractive “home” fees but are likely to have to pay full fees after Brexit.

Th ese developments in the UK have seen UK universities embark-ing on a strategic push in a bid to maintain, or even improve, their international student numbers. For starters, there is a higher de-mand for staff with good interna-tional recruitment experience and

track records, and more universities are fi rming up plans for a regional presence.

In the US, Donald Trump be-came president on Jan 20 and his stand on illegal immigrants and extreme vetting of visa applicants has made the higher education sector very nervous. Universities there are striving to ensure that the US remains a destination of choice for higher education.

Even before Trump, US institu-tions were already gearing them-selves up to recruit more inter-national students. Now, they will probably double such eff orts. An increasing number of universities are signing up private pathway pro-viders to develop programmes tar-geting international students, and also to extend their recruitment footprint via these providers.

Under these arrangements, pathway providers will run a foun-dation or first-year programme conducted within the university’s campus, with guaranteed progres-sion to fi rst or second year of the university’s degree programme. Additional student support and lan-guage classes are available along-side these programmes to ensure a smoother transition to the uni-

versity’s programmes. Th e Australia economy is project-

ed to be tepid this year and public universities there are bracing them-selves for further cutbacks in fund-ing in 2017 and 2018. Th is will create challenges on the research front, and in relation to investments in learn-ing and teaching at the tertiary level.

Australian universities will now have to work doubly hard to attract more students so as to mitigate the impact of the impending funding cuts. Th ey have been more active in engaging recruitment agents, and it is foreseen that they will in-crease their budget for marketing and recruitment.

More likely than not, this will be a year of signifi cantly increased competition among the incumbents to enhance/increase their market share against a negative backdrop of unwelcome news, with arrivistes squeezing in to exploit any gaps that they can fi nd in their quest to recruit students from Malaysia and Southeast Asia. Th e battle is starting to get a lot more complex and costly for overseas universities and their offi ces here.

“The challenges for universi-ties keen to establish a presence in this part of the world are really

about being fl exible in approach and being able to adapt quickly to the intense competition. Adjust your tactics dynamically and al-ways look for areas you can build a niche in. Always remember that the students here have a smorgas-bord of choices and a lot of outreach activities have to be done to build your brand profi le,” says Teo.

Little eff ect on numbersIn spite of developments on the global front, overseas education numbers are not expected to take a signifi cant dip in the short and medium terms. While education is a need, it could be argued that an overseas education, apart from being viewed as an investment, is a luxury. And Economics 101 tells us luxury items tend to be price inelastic.

I have met parents worried about the gloomy economic outlook and weakening ringgit, but still deter-mined to send their children abroad. At a recent education fair, one told me she was planning to send her daughter to the UK later this year after her A-levels. “With the weaken-ing ringgit, I’ll just have to tighten my belt to save up for her studies there. I’ve told her she will probably have to look for part-time work to sup-plement her living expenses. I’ll do whatever it takes to ensure she gets a high-quality overseas education!”

We can expect to see students from Malaysia and the region con-tinue the trend of heading overseas for studies. To best benefi t from this, institutions yet to have a base locally should, therefore, start de-veloping their brand and presence with a clear international strategy while those already here must look at ways to build on what they have already achieved.

Richard Teng ([email protected]) is a higher education business devel-opment consultant who has worked for both private and public institu-tions of higher learning in Malaysia, Singapore and the UK. He is a fi rm believer in this quote from Nelson Mandela: “Education is the most powerful weapon which you can use to change the world.”

BY R I C H A R D T E N G

Malaysia is always in the top fi ve sending countries for the UK according to fi gures from the UK Higher Education Statistics Agency.

INDIA may see bigger as easier. Tucked into the budget released last Wednesday was a plan to cre-ate national champions, starting in the oil sector. The idea pairs industrial logic with Prime Minis-ter Narendra Modi’s love of grand gestures, and desire to see India make a bigger mark on the inter-national stage. Such state cap-italism looks like a marriage of convenience.

A hoped-for privatisation push under the ruling Bharatiya Jana-ta Party hasn’t materialised. Even though the party oversaw India’s last big charge to give up control of state entities between 1998 and 2004, the Modi government has so far proved reluctant to give up con-trol of assets since it took over in 2014, and has consistently missed its own divestment targets.

India has about a dozen state-owned oil and gas companies, with significant overlap in opera-

tions. The five most critical players have a combined market capitali-sation of just under US$100 billion (RM443 billion). In theory, scaling up would allow companies to cut costs and bid more for bigger pro-jects. The larger an oil company, the more risk it can absorb on its balance sheet.

In reality, state-backed firms tend to be less effi cient than their private sector rivals, and there is risk in crunching together com-panies with diff erent operations,

cultures and ways of working. Th e benefi ts of scale are more sure when it comes to raising funds, howev-er. It would almost certainly be politically easier for New Delhi to sell a sliver of a large player than selling off majority stakes in many smaller ones.

Th e idea could spread further. Th e fi nance ministry has fl oated the idea for a centralised state-backed “bad bank” to deal with the prob-lem loans crippling public sector lenders. Separately, New Delhi is

also pushing its 20-odd state lend-ers to merge.

It might all sound a bit like China, which also has a history of jamming together state-owned enterprises. Modi, though, is si-multaneously lowering barriers to foreign investment and court-ing private capital, hoping to turn India into a global manufacturing hub. The trick is to meddle just enough to create effi ciencies, but not so much that investors fall out of love. — Reuters

F E AT U R E 2 1TUESDAY FEBRUARY 7, 2017 • THEED G E FINANCIAL DAILY

Top trader Vitol sees oil rattledTrump makes market fret

BY A L I I M R A N M O H D N O O R D I N

BY SERENE CHEONG & SHARON CHO

AS 2017 enters its second month, those in business cannot help but lament about how the year would be a challenging one for business survival.

The clothing industry is said to be among the sectors affect-ed. Competition is stiff , with new brands fl ooding the market follow-ing ease of access to raw materials from China and Vietnam.

While others have gone into oth-er businesses, some have decided to look deeper within the clothing industry to see where the money was really at, and found it to be in modest fashion.

According to the State of the Global Islamic Economy Report 2015-2016, Muslim consum-ers spend about US$230 billion (RM1.02 trillion) a year on clothes, and the fi gure is expected to in-crease to US$327 billion by 2019.

It is little wonder that designer brands such as Dolce & Gabbana, H&M, Uniqlo, DKNY, Oscar de la Renta, Tommy Hilfi ger and Mango are jumping onto the bandwagon to cater to modest fashion enthu-siasts and giving existing brands a run for their money.

Lack of knowledgeIn Malaysia, modest clothing and fashion have become a rather lu-crative industry, with many new players coming on board every year.

However, the founder of the GM Ideology business training centre, Major (Rtd) Mohd Ameir Rydhuan believed that 90% of local modest clothing brand owners started their business on the wrong foot and end-

Surviving the 2017 local fashion industry

ed up having to close shop. To date, he has conducted 200

training sessions for 50 local brands throughout 2016, and during that time, he learnt the mistakes com-mitted by many of the brand owners.

He, however, did not buy into the hype of 2017 being a challenging year for the local modest fashion industry. Even if that were the case, he believed that local clothing labels could pull through if they tread carefully.

“Th e real challenge is when these brands fail to off er something diff er-ent or unique to the market. Because of this, they have to compete among themselves for the same customers — it is a big industry,” he pointed out.

Mohd Ameir said this after the Fashion Startup: Persiapan Projek Raya 2017 programme organised by Magma Solutions Sdn Bhd in Putrajaya from Jan 14 to 15.

Two major mistakesAccording to Mohd Ameir, the two biggest mistakes that local fashion entrepreneurs tend to make were poor customer service and spend-ing too much time seeking out new customers.

“Each customer that has bought our brand has a high potential of repeating the purchase. Failure to take care of them will result in a missed sale, which will then be grabbed by others.

“At the same time, sellers are so occupied with obtaining new customers that they forget about existing ones. Th ey don’t realise that the cost of getting a new cus-tomer is the same as taking care of the ones they already have,” said Mohd Ameir, who formerly served with the Royal Malaysian Air Force.

He added that entrepreneurs

today love to fuss over the details, but tend to forget the basics.

The Raya projectWith Hari Raya Aidilfi tri just four months away, fashion entrepreneurs need to already have a plan to max-imise sales during the festive season.

“Raya is the most important day of the year for many of our custom-ers. So the question would be: Will customers choose our brand to wear on their important day? Last year, we saw many of our friends’ businesses fold and subjected to controversy — all because they failed to plan. Magma hopes this will not happen again to any of our participants,” said Azrul Izzam Kamarul Zaman, who is Magma’s chief of experience.

Meanwhile, its chief executive offi cer Puteri Maizura Razali said a company’s sales performance dur-

ing the Hari Raya festive season is an indicator of the business’ health.

“During this time, demand is three times more than usual, so it is a good time to gauge your products’ rele-vance in the market,” she explained.

Knowledge as preparationSiti Alia Izaaty Mohd Ramlel, the owner of Bonafi de Scarf, is one of those unfortunate entrepreneurs who suff ered massive losses due to a lack of research and planning after she made the mistake of making a six-digit investment in a product that was not validated for marketability.

She hopes that with the knowl-edge gained from the workshop, the situation will not recur.

For the founder of the Benang Hijau boutique, Fadzilah Mamat, 36, having 12 boutiques in seven states meant she needed to constantly update her business knowledge.

“Sales had dropped at the end of 2016, so I think it is time to change strategies. I have always wondered what a reasonable amount to spend on marketing is and what is consid-ered a healthy return on investment. I got my answers here,” she said.

Two other fashion entrepreneurs, Rubina Ameen Mughal, 37, who is the owner of Imaan Boutique; and Fazrena Abdul Aziz, the founder of TudungPeople, agreed that the knowledge shared by Mohd Ameir was practical and made them more fastidious when making decisions.

Mohd Muaz Mohamed Nyan, whose business Audrabella Ward-robe started in 2014, said he did not mind coming all the way to Kuala Lumpur for the workshop as there was none like it in Johor Baru. — Bernama

Fashion Startup: Persiapan Projek Raya 2017 programme participants during the workshop from Jan 14 to 15. Local fashion industry entrepreneurs gathered to learn about business management, especially for the coming Hari Raya Aidilfi tri season. Photo by Bernama

Donald Trump and global crude pro-ducers are set to take prices on a bumpy ride this year, said the world’s biggest

independent oil trader.As investors are kept on ten-

terhooks over US policies, and whether Opec and other nations will curb output as pledged, Brent crude may vacillate between US$52 (RM230.36) and US$62, said Kho Hui Meng, head of the Asian arm of Vitol Group. Th e market’s structure could also shift in the third quar-ter, with near-term cargoes turning costlier than those for later delivery, fl ipping from the other way around.

“I think this market is going to be very volatile,” Kho, president of Vitol Asia Pte Ltd, said. “People are wor-rying about US policy. We can’t pre-dict the future; we just have to wait.”

Th e sentiment refl ects the un-certainty gripping markets amid Trump’s ascent, with traders of

everything from currencies to met-als and stocks trying to decipher the eff ects of measures by the US leader. Th e oil market has been ruffl ed by the prospect of more geopolitical tensions on his harder line on ma-jor producer Iran. He has mooted a border tax on imports, which Gold-man Sachs Group Inc said had a low chance of being introduced, but which could trigger an oil sell-off .

Trading companies such as Vitol could reap rewards from volatility. Vitol’s US$1.6 billion in earnings in 2015 were boosted as it profi ted from price swings in the energy market. It posted a 42% decline in the fi rst half of 2016 profi t amid fewer opportu-nities to benefi t from price changes.

Th e company has experienced strong growth for 20 years on expand-ing oil trade, large price swings and investment in storage and refi ning.

Oil traders often look to take advantage of a market structure known as contango — where fu-ture prices are higher than current levels, allowing investors to buy oil cheap, store it in tanks or ships, and

lock in a profi t for a later sale. But with global producers cutting out-put, the market may be poised to go into backwardation, when prompt crude is costlier than later cargoes.

Th e structure is now “quite fl at, so people are still watching”, Kho said. “Once the backwardation comes in, then people begin to look at the vi-ability of the fl oating storages, and ultimately they will come out.”

Output curbsOil has fluctuated above US$50 a barrel since a December deal between Opec countries and oth-er producers to trim supply by as much as 1.8 million barrels a day to ease a global glut. While Opec members are implementing their share of cuts and Russia says it is ahead of schedule on its reduction, investors are wary of the US pump-ing more. Th e revival of US drilling has entered into its ninth month.

Brent for April settlement ad-vanced 11 US cents to US$56.92 on the London-based ICE Futures Europe exchange by 4.14pm Singa-

pore time yesterday. US benchmark West Texas Intermediate (WTI) for March delivery was up 16 US cents at US$53.99.

“People recognise that as oil tight-ens up and the price begins to rise, shale oil in the US will start to come out,” Kho said. “We are seeing signs of that, but it isn’t overwhelming yet.”

With a majority of the output reductions coming from Middle East nations, the regional Dubai crude benchmark has turned cost-lier than WTI and strengthened relative to Brent. Th at has opened the window for arbitrage cargoes to fl ow into Asia.

While the stream of such oil from the US and Europe to Asia won’t probably be the norm, it will con-tinue to be an opportunistic trade in 2017, Kho said. Middle Eastern crude will remain the “base fl ow” for Asian refi ners, in addition to West African supplies. Shipments from the US and North Sea may not be as common going forward as the arbitrage window can open and close with market volatility, he said.

Th e lack of new large-scale refi n-eries coming online globally in the near term could tighten the mar-ket for distilled products, Kho said. Th at is especially pertinent to diesel, which makes up the biggest portion of output from processing units.

“Diesel has gone through a rough time, but probably will turn to come back,” said Kho. Th is would strength-en the spread between diesel and fuel oil, ahead of the implementation of new International Maritime Or-ganization standards that could spur ships to switch to cleaner products such as ultra-low-sulfur diesel. Oil product markets are currently in a “sweet spot” on seasonal winter de-mand and refi nery outages, said Kho.

Th e direction of the crude mar-ket, meanwhile, may hinge on the eff ects of the Trump administra-tion’s policies.

Investors and traders are “wait-ing for a signal from the US because this is the biggest equation un-known,” Kho said. “If there’s noth-ing drastic from the US, it will be quite good this year.” — Bloomberg

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 FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY

PersonalASSISTANTC O M P I L E D BY S H A L I N I Y E A P

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

G13 Gallery is commemorating its seventh anniversary with a group exhibition that opens today. The exhibition will showcase the compilation of the latest artworks of a number of emerging and established artists, with viewing hours from 11am to 5pm. G13 Gallery is situated at GL13, Ground Floor, Block B, Kelana Square, Jalan SS7/26 Pet-aling Jaya. Visit www.g13gallery.com or call (03) 7880 0991 for more details.

IF you are planning to catch a movie today, try watching one under the night sky instead at Stratosphere’s beanbag-fi lled Helipad Cinema in Petaling Jaya. The rooftop bar’s movie for today is Bridget Jones’ Diary, star-ring Renée Zellweger and you can take your pick between the 8pm and 10.25pm show. Tickets priced at RM55 (it includes a drink and unlimited popcorn) can be purchased at www.helipadcinema.com/movies to reserve seats and for details of the movie screenings throughout the week.

IF you have the luxury of a long lunch and are looking for a hearty meal, make your way to Westin Kuala Lumpur’s Five Sen5es restau-rant. The all-you-can-eat promo means you can enjoy a scrumptious lunch with unlimit-ed servings of dim sum. It is priced at RM78 nett per person and is applicable between 12 noon to 2.30pm. Westin Kuala Lumpur is located at 199, Jalan Bukit Bintang. Visit www.thewestinkualalumpur.com or call (03) 2731 8333 for more information.

YTL’s traditionally styled prop-erty The Majestic Malacca has launched a new food and beverage concept that aims to celebrate the unusual hy-brid cultures that this south-

ern state is famous for. Once serving a mix of western and local Peranakan favourites, the hotel’s primary restaurant will now serve authentic Melaka-Portuguese cuisine, also known colloquially as Kristang cuisine — a unique yet elusive gourmet tradition, im-portant to Melaka’s history. Celebrity chef Melba Nunis takes the helm at this new dining establishment, known as Melba at The Mansion.

“A lot of what we strive for here at YTL Hotels is underpinned by our need to pre-serve our cultural heritage. Th e story of the Kristang people makes up a fascinating element of Melaka’s history, yet not many people know of it. Th rough Melba at Th e Mansion, we hope to play our part in con-serving this legacy by providing a platform to showcase Kristang culture and all its unique idiosyncrasies,” says YTL Hotels executive director Datuk Mark Yeoh. “We could not think of a more suitable person who shares in our same dedication than chef Melba.”

Born and raised in Garden City, Mel-aka, Nunis developed a love for cooking and baking, having learnt cooking from her mother and grandmother. Exposed to Kristang cuisine from an early age, Nunis found that she was happiest in the kitch-en, preparing meals for her loved ones. “You have to put your heart and soul into

Th e Majestic Malacca

creates a unique Kristang

dining experience at

Melba at Th e Mansion

HYBRID FLAVOURS

BY A N A N D H I G O P I N AT H

preparing every dish — this is the secret ingredient that will be felt by everyone you cook for. And this makes all the diff erence,” she believes.

Her passion eventually led to the open-ing of her restaurant, Simply Mel’s, in 2011 which garnered rave reviews and accolades. In 2014, Nunis published A Kristang Family Cookbook which was later honoured with the Best in the World Award in the Best Woman Chef category at the 2016 Gour-mand World Cookbook Awards. Proud of her Kristang lineage, Nunis is an active champion of preserving her cultural legacy, having hosted Kristang language workshops and cooking classes at her restaurant.

Rooted in a 500-year old legacy, the Kristang people of Melaka are a true re-fl ection of a fusion of cultures. A creole ethnic group of people, they are descend-ant of early Dutch and Portuguese settlers who inhabited Melaka in the 16th and 17th

centuries. Th eir cuisine, characterised by fi ery sambals, delicate vegetable dishes and fragrant coconut curries is an ode to Malacca’s cosmopolitan past. Infl uenced by a harmonious mix of culinary styles including Portuguese-Dutch, British and Peranakan cooking, Kristang cuisine also takes inspiration from local Malay, Indian and Chinese spices and fl avours.

Melba at The Mansion will feature a specially crafted menu stemming from Nu-nis’ collection of treasured family recipes. “Th e dishes served here at Melba at Th e Mansion are very close to my heart as they come from the personal collection of my mother, Mercy. I remember how she used to scribble these recipes on little pieces of paper which she kept in an old shoebox,” she said. Nunis has kept these time-hon-oured recipes to this day.

Of the over 200 recipes collected over time, Nunis’ signature dish is Ayam Kari Keluak. “Keluak curry is probably one of the most well-known dishes from Mela-ka. I can’t remember when I fi rst started eating buah keluak, but I know it from a very young age. It is one of those things you either love or hate, and for me, its deep and earthy fl avour is something I could eat every day,” she said.

Her other signature dishes available at Melba at Th e Mansion include Inchimin-tu Karangezu (Baked Stuff ed Crab), Kaldu Laksa Malaka (Malacca Laksa) and Kek Sugee (Sugee Cake). Dining at the restau-rant is nothing short of a journey through Kristang’s past, with Chef Melba’s own memorabilia adorning the walls. It is also an exploration in unique dishes and fl avours which Chef Melba takes pride in personally explaining to guests.

Melba at The Mansion is open daily for lunch between noon and 3pm and for din-ner between 7pm and 10.30pm. To ring in the Year of the Rooster, Melba at Th e Man-sion is off ering a special Chinese New Year dinner menu until Saturday. Visit www.majesticmalacca.com for more information.

Ayam Kari Keluak, a popular Kristang dish.

Nunis and a selection of her dishes that will be served at The Majestic Malacca’s Melba at The Mansion.

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 FEBRUARY 7, 2017 • THEED G E FINANCIAL DAILY

TRAVEL BY E R I C R O S E N

This scientifi c breakthrough could cure jet lag foreverTHE medical community has taken the next step towards fi nding a jet-lag cure, thanks to a Salk Institute study published last year in Cell. According to Dr Ronald Evans, the lead author of the study, a protein called Rev-ErbA (pronounced ree-verb-AY) may be the key to unlock-ing a regular, healthy circadian rhythms no matter where (or when) in the world you are.

Understanding your biological clockTurns out, circadian rhythms, a physio-logical cycle that roughly matches up with the length of a day, doesn’t just regulate when we feel sleepy — it also regulates when we get hungry and when we feel most active.

“Under normal circumstances,” Evans said, “we sleep when it’s dark and wake up and eat when the sun rises.”

Eating is a key point : Circadian rhythms are about both sleep and me-tabolism. In other words, you can fi ght jet lag by consuming (and burning) cal-ories at the right times as well as trying to sleep at proper times.

Over-the-counter jet lag pills?Your circadian rhythms don’t regulate themselves: Rev-ErbA does. According to Evans’s study, the protein acts as a sort of master switch that coordinates the “turning on and off ” of genes that regulate our circadian rhythms, including those involved in metabolism.

Pinpointing that master switch and un-derstanding how it works is the fi rst step to controlling it artifi cially. By regulating both the amount of Rev-ErbA in the body as well as how much it fl uctuates over the course of a day, we might eventually fi nd a cure for jet lag. And it doesn’t end there: Th e same science may eventually off er relief to people with chronic sleep-ing issues and other chronic conditions that can develop as a result of a disrupted circadian cycle.

Taking control of your body’s master switchA pill that prevents jet lag is still years down the road, but plenty of simple but specifi c strategies let you take matters into your own hands. Yes, diff erent strokes work for diff erent folks — frequent road warriors tout everything from popping a pill before take-off , to doing yoga on arrival, to apps — but the more we un-derstand the mechanisms that create jet lag, the better equipped we are to pick and choose our tactics.

Evans’s biggest takeaway is to place equal importance on all three of those pillars of circadian rhythms when reset-ting your schedule in a new time zone. Th e sooner you’re moving around, sleeping and eating at the right times, the sooner you’ll adjust.

The easiest solution everyone should followTh e heightened role of diet in fi ghting jet lag led us to call in nutritionist Kimberly Snyder for extra advice. Her clients include such A-listers as Kerry Washington, Chan-ning Tatum and Ben Stiller, and she has recently co-written a book with Deepak Chopra that discusses circadian rhythms at length. Her pro tip: Skip the hotel breakfast. And don’t even think about room service.

Instead, said Evans, you should wake up at a normal hour and head off -site for a morning meal: It’ll reset both your ac-

tivity and feeding cycles, while getting you some fresh air and forcing you to wake up at a reasonable time.

Counter-intuitive as that sounds, it’s far better than easing into your morning under the hotel duvet with a cup of cof-fee. “We can use food and light exposure to adjust more rapidly by timing when we eat, sleep, wake up and are exposed to natural light,” she advised. Sunlight, she said, “helps signal and reset our circadi-an rhythms”, allowing our bodies to adapt more quickly.

Snyder added that what you order for breakfast can also make a diff erence. To combat the stresses of travel, avoid those fatty, sugary foods we all crave when we are sleepy, and instead eat foods rich in amino acids and antioxidants, such as as-paragus, broccoli, avocado, spinach and garlic. Avocado toast and veggie omelets never looked better.

More tips for weary travellersGet ahead of the game. Some shift their sleep schedules before a trip. Th anks to Evans’s study on Rev-ErbA, we now know that you can shift your meal schedule, too. Snyder said: “We should fast while on the plane, and then eat soon after landing, in order to reset our rhythm.” And if you land with a ravenous appetite at midnight, try to avoid an absurdly late dinner. Instead, “time your fi rst meal to match the nearest meal time of your new time zone,” she said.

You are what you eat. “Be sure not to eat a protein- or fat-rich dinner the night before travel,” said Snyder. “Not only will that make you feel heavy [on the plane], but it also directs energy into digestion through the night.” Th is makes it harder to fall asleep in fl ight — as if it weren’t challenging already. Skipping the plane food doesn’t hurt, either.

You’re also what you drink. “Drink plen-ty of water and bring natural vitamin C or antioxidant packets to mix into your water on the plane and after your fl ight,” advised Snyder. She said travellers should also avoid alcohol and caff eine prior to, during and after travel, since both are de-hydrating and can have deleterious eff ects on the nervous system. If you do drink, go with the frequent travellers’ rule of thumb: two glasses of water for every glass of wine or cup of coff ee.

Supplements help. You might know how to take melatonin if you can’t fall asleep in your new time zone. But what about magnesium oxide? It can keep your diges-tive health in check (we’re talking about the end process of nutrition here), which contributes “regular” circadian rhythms.

Be realistic. If you don’t recover from jet lag in the fi rst day or two, don’t beat your-self up. Some travellers are faster adapt-ers than others, and circadian clocks can be adjusted only bit by bit. — Bloomberg

01. What most frequent travellers feel like at some point or another on every trip. Photos by Bloomberg

02. A cure for jet lag could be on the way.

03. Sunlight and exercise are two under-explored keys to curing jet lag.

04. Sleeping at the right time is just the start.

01

02

03 04

2 4 S P O RT S TUESDAY FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY

Patriots seal Super Bowl in historic comebackWin caps a tumultuous season for quarterback Brady

BY R O B W O O L L A R D

HOUSTON: Tom Brady inspired the greatest comeback in Super Bowl his-tory on Sunday as the New England Patriots stunned the Atlanta Falcons 34-28 in an epic overtime duel.

In an extraordinary fi nale to the most challenging season of his ca-reer, Brady confi rmed his right to be regarded as the best quarterback gridiron has ever seen with a fi fth Super Bowl crown.

Brady rallied the Patriots brilliant-ly to overturn a 28-3 third-quarter defi cit, completing a thrilling win on a night of improbable drama at Houston’s NRG Stadium.

Brady, 39, collapsed to the turf with emotion after James White bur-rowed over from close range to score the winning touchdown on the open-ing drive of overtime.

“We all brought each other back,” Brady said. “We never felt out of it. It was a tough battle.”

Th e win capped a tumultuous season for Brady, who was banned at the start of the campaign for four

games over the “Defl ategate” saga.National Football League com-

missioner Roger Goodell — widely viewed as Brady’s arch nemesis — was subjected to deafening boos as he presented the Patriots with the Vince Lombardi Trophy.

Brady, who threw for 466 yards (426m) and two touchdowns, shrugged off suggestions that the win amounted to a personal redemption.

“Th is is all positive,” he said. “It took a lot of mental toughness. We’re going to remember this for the rest of our lives.”

The Falcons meanwhile were left shell-shocked after snatching a defeat from the jaws of victory, which ensures they remain on the list of teams never to have won a Super Bowl.

“Th ere’s nothing you can really say,” said dejected Falcons quarter-back Matt Ryan.

“Th at’s a tough loss. Obviously very disappointed, very close to get-ting done what we wanted to get done, but it’s hard to fi nd words to-night (Sunday).” — AFP

MANCHESTER: Manchester City striker Sergio Aguero (pic) admitted on Sunday he did not know if he had a future under Pep Guardiola after losing his place to teenager Gabriel Jesus.

A talismanic fi gure in City’s two Premier League title wins, Aguero was left out of the starting line-up for last week’s Premier League wins over West Ham United and Swansea City as Jesus scored three times.

While he was keen to insist he wanted to see out a contract at the Etihad Stadium that runs until 2020, the 28-year-old conceded the de-cision was out of his hands.

“I will work hard for the remaining

three months and then we’ll see if the club wants me,” Aguero told re-porters after Sunday’s 2-1 home win over Swansea. “I want to stay.

“I am fi ne. It is normal. Sometimes this happens. When you’re on the bench, you have to wait for your opportunity.

“I have to help the team as much as I can in these three months. Afterwards we’ll see what the club wants to do with me.”

Guardiola has already held one meeting with Aguero and his agent, which followed the arrival of £27 million (RM149 million) new recruit Jesus in the January transfer window.

Asked about the contents of that meeting, Aguero replied: “Th ings to do with the club, nothing strange. Private things that have to stay in-

side those walls.“In three years my contract is

up. Th at’s why I say I’m happy at the club.”

Guardiola has insisted that Jesus and Aguero could part-ner each other in the same team and the more senior of the two players admitted he had been impressed by what he had seen so far.

“He’s a great player,” Ague-ro said. “He’s a very young player, but he will learn a lot at City and he will have a great future at the club.” — AFP

BERLIN: Borussia Dortmund has threatened to ban any fans respon-sible for the violent attacks on RB Leipzig supporters, including chil-dren and women, that led to 28 arrests before a Bundesliga match.

“We can assure you: Borussia Dortmund will do its utmost to clear up our own fans’ misconduct and sanction them as hard as pos-sible,” Dortmund’s chief executive offi cer Hans-Joachim Watzke and president Reinhard Rauball wrote in an open letter.

“To put it plainly, anyone who ex-presses his opinion not by arguments, but by raw violence and clumsy in-sults, cannot — and will not — be allowed to be part of this club.”

Dortmund can also expect to face tough sanctions with the Ger-man Football Association set to investigate the violence.

A crowd of 81,360 saw Dort-mund’s 1-0 home win over sec-ond-placed RB Leipzig on Saturday, but there were ugly scenes outside Borussia’s Signal Iduna Park stadi-um before kick-off when some of the 8,500 visiting fans were targeted.

“In the build-up to the match, in the Strobelallee area (outside the ground), RB Leipzig support-ers were bombarded with stones and cans from Borussia Dortmund fans,” police said in a statement.

RB Leipzig was unable to tell SID, an AFP subsidiary, how many of their fans were hurt, but German daily Bild claimed at least 10 visit-ing supporters were hospitalised.

After a group of around 500 hard-core “ultra” Dortmund fans went on the rampage, police weighed in with pepper spray and batons.

Arrests were made for off ences including assault, grievous bodily harm, breach of the peace, insult-ing behaviour and resisting arrest.

“All in all, there was extreme aggressiveness and violence from Dortmund supporters, which was directed against any person recog-nised as a Leipzig fan, regardless of whether they were small children, women or families,” added Dort-mund police.

“In connection with this, four offi cers and a police dog were in-jured.” — AFP

LONDON: Head coaches David Wagner and Garry Monk were both sent to the stands as Hud-dersfi eld Town claimed a last-gap 2-1 victory at Leeds United in the Championship on Sunday.

Michael Hefele’s 90th-min-ute winner was followed by a touchline melee as Wagner clashed with Leeds counter-part Monk after dashing past the host’s bench to celebrate with his players.

Players from both teams got involved, with referee Simon Hooper booking Leeds captain Liam Bridcutt and defender Pontus Jansson and Hudders-fi eld’s Elias Kachunga.

“It is all part of the emotion of the game, but maybe this should happen with the play-ers on the grass,” said Wagner.

“For me, celebrating with my players is not disrespect-ful, but perhaps it is in British football culture. Th is culture is diff erent in Germany.

“Th is game is very emotional for me and my staff . I am sorry and I apologise for what hap-pened afterwards.”

Discussing the altercation, Monk said: “I hold myself in a certain way and I have humility and respect.” — AFP

JOHOR BARU: Th e Sultan of Johor, Sultan Ibrahim Sultan Iskandar, has consented to his son, Tunku Mahkota Tunku Ismail, contesting the post of Football Association of Malaysia (FAM) president in the elections on March 25.

Th e decision was made during a closed-door meeting for about an hour between Sultan Ibrahim and the representatives of 14 FAM affi liates at Istana Pasir Pelangi here yesterday.

Th e affi liates were the football

associations (FAs) of Melaka, Sa-bah, Sarawak, Selangor, Kuala Lum-pur, Terengganu, Kedah, Perlis, Felda and the Malaysian Armed Forces as well as the Chinese FA, Malay FA, Indian FA and the Foot-ball Coaches Association Malaysia.

Six other FAs, namely Kelantan, Pahang, Negeri Sembilan, the Royal Malaysia Police, Perak and Penang, did not attend the meeting.

Datuk Mohd Yusof Mahadi, a representative of the affi liates, said he did not foresee any problem for

Tunku Ismail to contest the post.“His Royal Highness (Sultan

Ibrahim) actually wanted to know our determination and support for his son to contest the post, and he agreed after he was satisfi ed.

“We also assume that with the decision, Tunku Ismail agrees to contest because he [has] often mentioned the obstacle to him accepting the nomination to con-test was that he did not have the consent of his father,” he said to reporters after the meeting.

Mohd Yusof, who is Melaka Football Association deputy pres-ident, said that at the meeting, Sultan Ibrahim advised the af-fi liates against setting a specifi c time frame for his son to bring reforms to FAM.

“He wants Tunku Ismail to be given time to rebuild the organ-isation. It looks like our eff orts in the last several months to see Tunku Ismail head FAM is go-ing to materialise,” he said. — Bernama

Sultan Ibrahim consents to son Tunku Ismail going for top FAM post

Aguero unsure about Man City futureBY I A N W H I T T E L L

Both head coaches sent off in English second-tier football match

Women, kids attacked in Dortmundfan clash

BY RY L A N D J A M E S

PHOTO BY 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 1,691.24 6.23 0.37

KLSE INDUSTRIAL 3,211.14 5.54 0.17

CONSUMER PRODUCT 586.03 -0.03 -0.01

INDUSTRIAL PRODUCT 149.31 1.40 0.95

CONSTRUCTION 303.72 2.05 0.68

TRADE & SERVICES 226.21 1.51 0.67

KLSE FINANCIAL 14,882.35 33.71 0.23

KLSE PROPERTY 1,183.25 4.65 0.39

KLSE PLANTATION 8,196.75 104.10 1.29

KLSE MINING 486.34 Unch Unch

INDICES CLOSE +/- %CHGTECHNOLOGY 25.11 0.24 0.97

FTSE BURSA 100 11,589.87 58.54 0.51

FTSE BURSA MID 70 13,744.50 129.76 0.95

FTSE BURSA SMALL CAP 15,807.03 161.57 1.03

FTSE BURSA FLEDGLING 16,863.93 149.19 0.89

FTSE BURSA EMAS 11,902.31 63.75 0.54

FTSE BUR M’SIA ACE 5,179.61 76.42 1.50

FTSE BUR EMAS SHARIAH 12,450.28 95.84 0.78

FTSE BUR HIJRAH SHARIAH 13,835.01 109.25 0.80

FTSE/ASEAN 40 9,459.50 90.04 0.96

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS 0.824 0.610 0.630 0.630 7120 ACOSTEC 0.630 0.005 133 0.630 75.00 3.97 112.0 4.900 3.297 4.770 4.680 7090 AHEALTH 4.770 0.070 0.5 4.750 13.30 2.41 558.8 14.647 7.801 14.220 14.200 2658 AJI 14.200 UNCH 34.3 14.204 20.04 2.38 863.3 0.260 0.210 — — 7051 AMTEK 0.260 — — — — — 13.0 6.007 4.970 5.250 5.000 6432 APOLLO 5.200 0.230 41.4 5.166 22.00 5.77 416.0 1.330 0.890 — — 7722 ASIABRN 0.900 — — — — — 71.2 5.054 3.470 3.540 3.540 7129 ASIAFLE 3.540 -0.060 6.8 3.540 11.65 3.39 682.4 55.656 39.409 45.680 44.500 4162 BAT 44.500 -0.820 229.7 44.737 20.28 5.24 12,706.1 0.080 0.035 0.075 0.065 7243 BIOOSMO 0.075 UNCH 6294.2 0.071 — — 54.2 0.716 0.536 0.590 0.585 9288 BONIA 0.585 UNCH 769.1 0.586 19.57 2.14 471.7 1.870 1.520 1.720 1.690 7174 CAB 1.710 0.030 532.3 1.704 11.26 0.58 305.1 0.554 0.465 0.485 0.480 7154 CAELY 0.485 UNCH 57 0.485 6.13 2.06 38.8 0.387 0.252 0.305 0.300 7128 CAMRES 0.300 -0.015 15.5 0.301 9.65 3.33 59.0 15.136 10.988 14.040 13.980 2836 CARLSBG 14.040 0.060 56.9 14.009 18.47 5.13 4,325.4 0.730 0.530 0.675 0.660 7035 CCK 0.675 0.010 237.8 0.672 12.48 2.22 212.9 2.581 1.900 2.180 2.110 7148 CCMDBIO 2.180 0.070 143.6 2.157 20.39 3.67 608.1 1.702 1.025 1.310 1.270 9423 CHEEWAH 1.310 0.050 121.3 1.294 10.02 2.67 55.1 2.981 2.344 2.580 2.550 2828 CIHLDG 2.560 -0.040 31.6 2.563 19.20 1.95 414.7 0.050 0.020 0.025 0.025 5188 CNOUHUA 0.025 UNCH 1170 0.025 — — 16.7 2.330 1.820 2.150 2.130 7205 COCOLND 2.130 0.010 365.9 2.137 13.00 3.46 487.3 1.880 1.130 1.870 1.850 7202 CSCENIC 1.860 -0.010 107.3 1.859 14.39 6.45 224.1 0.125 0.055 0.070 0.065 5214 CSL 0.065 UNCH 150 0.067 1.20 — 80.8 0.060 0.035 0.040 0.035 7179 DBE 0.035 -0.005 2568.6 0.037 — — 40.6 0.954 0.752 — — 7119 DEGEM 0.880 — — — 11.64 2.56 117.9 64.674 45.996 54.600 54.200 3026 DLADY 54.240 -0.280 7 54.448 25.44 1.84 3,471.4 0.120 0.070 0.085 0.080 7198 DPS 0.085 UNCH 418.2 0.080 — — 50.0 0.265 0.020 0.090 0.080 7182 EKA 0.085 0.005 3133 0.085 — — 26.5 0.380 0.185 0.370 0.365 5091 EKOWOOD 0.365 -0.010 148 0.368 — — 61.3 0.340 0.140 0.300 0.285 9091 EMICO 0.300 0.015 3325.4 0.295 9.46 — 28.8 2.526 1.510 1.640 1.640 7149 ENGKAH 1.640 UNCH 1 1.640 44.69 3.96 116.0 0.265 0.195 0.235 0.230 7208 EURO 0.230 UNCH 70 0.230 18.55 — 55.9 0.850 0.630 0.635 0.635 7094 EUROSP 0.635 UNCH 6 0.635 — — 28.2 26.630 18.089 23.700 23.600 3689 F&N 23.620 -0.140 289.3 23.621 22.46 2.43 8,663.3 0.920 0.600 0.740 0.695 9776 FARMBES 0.720 0.020 137 0.718 2.95 — 44.0 1.205 0.820 — — 2755 FCW 0.835 — — — 29.51 1.80 208.7 1.127 0.620 0.735 0.725 8605 FFHB 0.730 -0.005 148.4 0.726 10.75 1.37 67.5 0.960 0.700 0.955 0.945 9172 FPI 0.950 0.005 233 0.949 13.44 7.37 235.0 1.295 0.854 1.100 1.070 5102 GCB 1.080 -0.010 80.7 1.077 12.65 1.39 518.6 2.738 2.113 — — 5606 GOLDIS 2.370 — — — 8.14 0.84 1,447.8 1.200 0.990 — — 5606PA GOLDIS-PA 1.060 — — — — 3.77 482.1 0.100 0.010 0.085 0.075 5187 HBGLOB 0.080 -0.010 193 0.078 — — 37.4 18.372 12.534 16.000 15.820 3255 HEIM 15.840 0.020 38.2 15.879 18.44 3.47 4,785.2 9.950 5.398 9.770 9.600 3301 HLIND 9.760 -0.010 7.4 9.701 11.27 3.48 3,200.3 1.015 0.816 1.010 0.995 5160 HOMERIZ 1.000 UNCH 675.6 1.000 10.86 5.00 300.0 0.479 0.240 0.325 0.310 7213 HOVID 0.315 0.005 6088.5 0.318 16.07 3.17 258.5 1.368 1.150 1.180 1.170 5024 HUPSENG 1.180 0.010 186.4 1.172 19.16 3.39 944.0 0.590 0.360 0.495 0.490 8478 HWATAI 0.490 0.010 99.5 0.493 16.61 — 36.7 3.000 1.785 3.000 2.940 5107 IQGROUP 2.960 -0.040 316.2 2.967 11.79 3.72 260.6 1.513 0.868 1.460 1.430 7152 JAYCORP 1.450 0.010 400.1 1.442 9.45 6.90 199.0 0.780 0.505 0.590 0.565 8931 JERASIA 0.580 0.015 203.7 0.579 7.72 — 47.6 2.764 2.112 2.460 2.420 5247 KAREX 2.460 0.010 900.4 2.449 46.95 0.81 2,465.8 3.957 2.968 3.880 3.850 7216 KAWAN 3.860 -0.020 24.6 3.862 26.77 0.65 1,040.8 0.260 0.025 0.190 0.185 8303 KFM 0.185 -0.010 1288.4 0.186 — — 12.6 0.835 0.711 0.800 0.800 6203 KHEESAN 0.800 UNCH 72.9 0.800 15.24 1.25 83.2 2.700 1.827 — — 7062 KHIND 2.330 — — — 9.39 4.29 93.3 1.190 1.000 — — 0002 KOTRA 1.150 — — — 35.71 — 152.6 0.125 0.035 0.060 0.060 5172 KSTAR 0.060 UNCH 67.6 0.060 — — 16.0 6.803 4.509 5.320 5.290 7006 LATITUD 5.300 -0.010 206.5 5.300 7.84 2.26 515.2 0.925 0.785 0.900 0.875 9385 LAYHONG 0.880 0.015 2743.5 0.883 — 0.57 535.7 0.330 0.265 0.315 0.300 8079 LEESK 0.300 UNCH 1775.1 0.306 9.04 — 50.3 3.322 1.909 3.230 3.210 7089 LIIHEN 3.230 -0.010 145.8 3.221 7.96 4.95 581.4 0.840 0.710 0.770 0.750 7126 LONBISC 0.755 -0.005 897.3 0.760 7.58 — 140.8 1.577 1.230 1.300 1.290 7085 LTKM 1.300 -0.010 21.4 1.298 13.33 3.08 169.1 4.890 3.764 4.780 4.730 7087 MAGNI 4.780 -0.020 107 4.764 8.02 2.93 777.9 0.070 0.015 — — 5189 MAXWELL 0.025 — — — — — 10.0 1.206 1.000 1.000 1.000 5886 MBG 1.000 UNCH 3.2 1.000 23.31 5.00 60.8 1.637 1.157 1.430 1.410 3662 MFLOUR 1.420 UNCH 179.2 1.414 14.46 3.52 781.3 1.030 0.840 — — 7935 MILUX 0.900 — — — — — 49.0 5.050 4.346 4.700 4.680 5202 MSM 4.680 UNCH 34.1 4.681 19.63 5.13 3,289.9 0.070 0.025 — — 5150 MSPORTS 0.035 — — — — — 21.2 1.497 1.200 1.380 1.350 3921 MWE 1.380 0.040 85 1.363 16.41 — 319.6 80.359 71.399 76.400 76.100 4707 NESTLE 76.100 UNCH 13 76.174 26.64 3.29 17,845.5 3.320 2.504 3.320 3.270 7060 NHFATT 3.270 UNCH 26.6 3.313 9.84 3.36 245.8 0.150 0.070 0.085 0.080 7139 NICE 0.085 0.005 1558.9 0.080 — — 25.7 0.370 0.255 0.310 0.300 7215 NIHSIN 0.305 0.005 4290.8 0.303 — — 72.7 1.041 0.781 0.840 0.835 5066 NTPM 0.840 UNCH 5558.1 0.835 17.87 2.86 943.5 0.753 0.345 0.480 0.475 7071 OCR 0.475 -0.005 860 0.478 — — 113.4 0.110 0.040 0.105 0.100 7071PA OCR-PA 0.105 UNCH 1958 0.103 — — 69.4 2.518 1.370 1.620 1.570 7107 OFI 1.600 -0.030 45.4 1.590 21.19 2.50 384.0 7.456 6.391 6.750 6.690 4006 ORIENT 6.690 -0.060 130.9 6.705 20.10 2.69 4,150.4 3.015 1.849 2.430 2.380 7052 PADINI 2.420 0.040 1715.1 2.406 11.86 4.13 1,592.1 38.422 23.484 31.880 31.480 3719 PANAMY 31.480 -0.060 14.5 31.502 13.30 4.42 1,912.3 0.787 0.338 0.540 0.535 5022 PAOS 0.540 UNCH 192.7 0.536 32.14 3.09 97.8 0.545 0.240 0.470 0.460 9407 PARAGON 0.465 0.005 86.5 0.463 5.15 — 32.6 0.795 0.310 0.350 0.350 6068 PCCS 0.350 0.025 63.6 0.350 — — 21.0 1.060 0.700 0.905 0.890 5231 PELIKAN 0.890 UNCH 133.9 0.893 20.05 — 492.4 0.229 0.145 0.175 0.165 4081 PMCORP 0.170 UNCH 92 0.170 14.05 — 131.5 0.580 0.450 0.505 0.495 5080 POHKONG 0.505 UNCH 155 0.500 16.67 1.98 207.2 1.880 1.356 1.860 1.850 7088 POHUAT 1.850 -0.010 290.8 1.852 8.39 3.24 419.6 16.701 15.147 16.460 16.300 4065 PPB 16.460 0.080 521.3 16.390 21.92 1.52 19,513.3 0.580 0.487 — — 7190 PPG 0.550 — — — 22.54 2.51 55.0 1.764 1.262 1.430 1.410 8966 PRLEXUS 1.420 0.020 317.7 1.415 8.41 2.11 253.5 0.825 0.636 0.825 0.795 7134 PWF 0.825 0.030 956.5 0.809 22.66 3.30 136.8 2.671 1.843 2.270 2.250 7237 PWROOT 2.270 0.020 73 2.255 18.79 4.41 747.5 4.597 4.123 4.400 4.370 7084 QL 4.390 UNCH 206.5 4.382 29.02 0.97 5,478.8 1.600 1.450 1.550 1.550 9946 REX 1.550 -0.030 10 1.550 — — 95.6 1.579 1.006 1.510 1.470 5252 SASBADI 1.470 -0.030 397.2 1.488 21.24 1.53 410.7 0.467 0.270 0.300 0.300 5157 SAUDEE 0.300 UNCH 77.6 0.300 — — 36.0 1.250 0.745 1.070 1.010 7180 SERNKOU 1.060 UNCH 138 1.024 — — 127.2 1.430 0.550 0.635 0.630 7165 SGB 0.630 -0.015 4.5 0.632 — — 90.9 0.120 0.055 0.085 0.085 7165PA SGB-PA 0.085 UNCH 1326.7 0.085 — — 40.3 2.131 1.565 1.660 1.650 7412 SHH 1.650 UNCH 28.6 1.657 9.06 6.06 82.5 1.041 0.800 0.930 0.905 7246 SIGN 0.920 0.025 2752 0.921 4.70 5.43 221.1 0.145 0.035 0.125 0.120 8532 SINOTOP 0.120 -0.005 6670.4 0.121 133.33 — 236.9 0.405 0.160 0.255 0.235 7943 SNC 0.240 -0.010 40.1 0.240 10.76 — 15.8 2.682 2.097 2.350 2.320 7103 SPRITZER 2.350 UNCH 74 2.331 12.66 2.34 423.0 1.500 0.990 1.180 1.160 7186 SWSCAP 1.180 0.030 41 1.172 45.56 0.85 172.1 0.680 0.500 0.680 0.655 7082 SYF 0.655 -0.005 6672.1 0.668 10.25 1.53 401.8 0.425 0.280 — — 7211 TAFI 0.385 — — — — — 30.8 2.498 1.680 1.720 1.700 4405 TCHONG 1.710 -0.010 90.1 1.708 — 2.34 1,149.1 1.402 0.650 0.705 0.675 7200 TEKSENG 0.700 0.025 7098.1 0.695 4.25 2.86 243.7 1.383 0.955 1.020 1.010 7252 TEOSENG 1.010 UNCH 162 1.012 13.29 2.48 303.0 1.476 1.201 — — 9369 TGL 1.400 — — — 19.15 5.36 57.0 0.560 0.400 — — 7230 TOMEI 0.445 — — — 8.57 — 61.7 0.560 0.420 0.490 0.480 7176 TPC 0.490 0.005 227.1 0.484 26.20 — 114.5 7.264 4.430 5.500 5.400 4588 UMW 5.460 0.080 1924.9 5.450 — 3.66 6,378.9 2.320 1.843 2.250 2.190 7757 UPA 2.200 0.010 13.6 2.202 13.10 4.09 175.1 0.995 0.641 — — 7203 WANGZNG 0.860 — — — 9.76 2.91 137.6 0.060 0.020 0.030 0.025 5156 XDL 0.025 UNCH 1021.6 0.026 22.73 — 67.4 0.480 0.360 0.400 0.380 7121 XIANLNG 0.400 UNCH 3 0.387 — — 29.1 0.447 0.075 0.115 0.105 5155 XINQUAN 0.110 UNCH 4813.2 0.110 — 16.64 53.4 2.680 2.023 2.680 2.590 5584 YEELEE 2.680 0.090 790.6 2.661 11.41 1.31 507.4 1.360 0.480 1.070 1.070 7184 YEN 1.070 0.040 0.1 1.070 — — 147.1 1.347 0.866 1.140 1.120 5159 YOCB 1.120 -0.020 16 1.134 8.54 3.57 179.2 2.713 1.800 2.040 2.010 7178 YSPSAH 2.020 0.010 24.7 2.018 12.35 3.22 272.0 1.532 1.190 1.480 1.430 5131 ZHULIAN 1.450 0.060 1056.1 1.454 16.02 4.14 667.0INDUSTRIAL PRODUCTS 1.438 0.975 1.310 1.300 0012 3A 1.310 UNCH 314.6 1.310 17.75 1.37 515.6 0.125 0.085 0.090 0.090 7086 ABLEGRP 0.090 UNCH 25 0.090 — — 23.8 0.530 0.470 — — 7061 ABRIC 0.505 — — — — — 74.3 0.305 0.200 — — 7131 ACME 0.205 — — — — — 44.8 0.955 0.630 0.670 0.665 7191 ADVENTA 0.670 0.010 27 0.669 155.81 — 102.4

2.766 1.776 2.200 2.150 9148 ADVPKG 2.200 UNCH 1.4 2.160 16.08 5.45 45.1 0.195 0.100 0.140 0.140 7146 AEM 0.140 UNCH 93 0.140 — — 38.0 0.500 0.360 0.410 0.410 5198 AFUJIYA 0.410 UNCH 8 0.410 24.12 — 73.8 0.635 0.260 0.440 0.420 2682 AISB 0.420 -0.010 7.2 0.433 — — 55.4 1.077 0.575 0.740 0.725 7609 AJIYA 0.740 0.010 1693.2 0.732 13.65 2.03 225.4 0.290 0.065 — — 9954 AKNIGHT 0.160 — — — — — 9.3 1.040 0.665 0.930 0.910 2674 ALCOM 0.930 0.025 39 0.925 21.63 5.38 124.9 0.400 0.315 0.365 0.355 4758 ANCOM 0.365 0.010 194 0.361 — — 79.9 2.480 0.582 2.480 2.410 6556 ANNJOO 2.460 0.070 2516.2 2.466 16.83 — 1,286.9 0.360 0.190 0.250 0.245 9342 ANZO 0.250 UNCH 6430.8 0.250 — — 75.5 1.230 0.850 0.890 0.880 5568 APB 0.890 0.010 2 0.885 — 7.30 100.5 3.896 3.300 3.420 3.420 5015 APM 3.420 UNCH 301.6 3.420 13.97 4.97 689.5 1.200 0.576 1.200 1.170 7214 ARANK 1.180 0.010 1120.8 1.185 8.45 2.54 141.6 0.825 0.595 0.730 0.720 7162 ASTINO 0.725 0.005 32.5 0.722 6.43 1.38 198.7 0.895 0.413 — — 7099 ATTA 0.660 — — — — 6.06 47.8 1.660 0.370 0.515 0.480 7181 ATURMJU 0.485 -0.035 323.5 0.491 — — 29.6 2.110 1.410 1.880 1.880 8133 BHIC 1.880 -0.020 1 1.880 — — 467.1 0.740 0.390 0.470 0.445 7005 BIG 0.470 0.005 5.5 0.447 — — 22.6 0.155 0.095 0.155 0.145 7187 BKOON 0.155 0.005 2496.4 0.151 — — 42.9 1.098 0.755 0.775 0.765 0168 BOILERM 0.770 UNCH 269.9 0.770 18.60 1.95 397.3 2.840 2.010 2.200 2.100 6297 BOXPAK 2.100 -0.110 123.6 2.139 21.83 — 126.0 1.852 1.330 1.390 1.380 5100 BPPLAS 1.390 0.010 93.5 1.387 11.82 4.32 260.9 0.400 0.285 0.335 0.330 9938 BRIGHT 0.330 -0.005 108 0.331 30.84 — 54.2 0.395 0.195 0.325 0.305 7221 BSLCORP 0.320 0.015 1156.7 0.316 5.97 — 31.4 0.310 0.195 0.295 0.285 7188 BTM 0.295 0.005 1116.2 0.291 — — 37.0 4.497 3.133 3.370 3.350 5105 CANONE 3.360 -0.010 167.4 3.358 8.88 1.19 645.6 0.070 0.020 0.030 0.025 5229 CAP 0.030 UNCH 1825 0.029 3.90 — 40.9 2.280 1.910 2.050 2.010 7076 CBIP 2.040 0.040 1073 2.045 10.92 2.94 1,098.0 1.220 0.798 1.220 1.150 2879 CCM 1.220 0.070 1736.7 1.203 17.13 4.10 558.3 2.350 1.510 — — 8435 CEPCO 1.570 — — — 70.09 — 70.3 1.200 1.060 — — 8044 CFM 1.060 — — — — — 43.5 1.868 1.321 1.740 1.710 5007 CHINWEL 1.720 0.010 403.3 1.723 8.88 4.94 515.2 2.300 1.304 1.780 1.750 5797 CHOOBEE 1.780 0.030 32.2 1.773 10.77 2.25 195.6 1.100 0.640 1.030 0.985 8052 CICB 1.030 0.050 0.8 1.013 — — 48.6 0.065 0.040 0.055 0.055 7018 CME 0.055 UNCH 60 0.055 — — 24.3 5.190 3.170 4.190 4.150 2852 CMSB 4.190 0.010 788.9 4.167 29.55 1.07 4,501.6 0.360 0.130 0.350 0.305 7986 CNASIA 0.305 UNCH 1.4 0.313 — — 13.8 1.806 1.250 1.520 1.460 5071 COASTAL 1.520 0.060 419.9 1.488 18.23 1.97 808.0 0.990 0.515 0.860 0.840 7195 COMCORP 0.855 0.015 1432 0.852 6.41 — 119.7 0.940 0.605 0.715 0.705 2127 COMFORT 0.705 -0.005 929.8 0.709 13.06 — 393.9 2.320 1.149 2.110 2.040 5094 CSCSTEL 2.070 -0.040 4414.7 2.065 8.63 3.86 786.6 0.015 0.005 — — 0022 CYBERT 0.005 — — — — — 0.5 0.887 0.770 0.790 0.780 7157 CYL 0.780 -0.015 56 0.788 18.31 6.41 78.0 0.420 0.280 — — 5082 CYMAO 0.315 — — — — — 23.6 2.450 2.052 2.300 2.210 8125 DAIBOCI 2.240 0.010 73.8 2.231 28.61 2.41 612.1 0.715 0.315 0.635 0.585 8176 DENKO 0.615 0.035 4424.9 0.616 26.17 — 64.2 0.315 0.175 0.255 0.250 7114 DNONCE 0.255 0.005 640.4 0.255 — — 46.0 0.565 0.285 0.435 0.415 5835 DOLMITE 0.420 UNCH 615.1 0.425 — — 114.5 0.475 0.300 — — 5835PA DOLMITE-PA 0.300 — — — — — 3.7 0.795 0.365 0.425 0.400 5265 DOLPHIN 0.405 -0.010 16544.2 0.407 — — 89.9 1.250 1.053 1.220 1.170 7169 DOMINAN 1.220 UNCH 23.3 1.187 16.18 3.69 201.3 1.528 0.764 1.300 1.210 1619 DRBHCOM 1.270 0.080 35034 1.264 — 1.57 2,455.2 0.855 0.412 0.855 0.830 7233 DUFU 0.840 0.005 2381.7 0.843 9.59 2.50 147.4 1.030 0.810 0.915 0.890 8907 EG 0.910 0.015 2334 0.903 7.57 — 192.5 1.250 0.860 1.010 0.995 9016 EKSONS 0.995 UNCH 105 0.997 — — 163.4 0.927 0.237 0.660 0.645 7217 EMETALL 0.645 -0.005 1262.2 0.655 5.99 3.88 110.4 0.705 0.500 0.540 0.520 7773 EPMB 0.540 0.005 15 0.527 — 1.85 89.6 1.347 0.735 1.010 0.985 5101 EVERGRN 0.985 -0.005 4523.2 0.994 10.69 1.02 833.7 1.184 0.630 0.750 0.725 7249 EWEIN 0.750 0.015 52.1 0.739 11.31 0.67 167.0 1.150 0.972 1.150 1.130 2984 FACBIND 1.130 0.020 17.5 1.140 24.35 2.21 96.2 2.805 2.270 2.790 2.750 7229 FAVCO 2.770 0.030 543 2.769 7.73 5.42 613.3 0.740 0.457 0.740 0.715 0149 FIBON 0.725 UNCH 715.6 0.727 12.35 1.72 71.1 2.260 2.020 2.260 2.210 3107 FIMACOR 2.250 0.050 175.5 2.243 9.78 5.56 551.8 2.573 1.368 1.690 1.670 5197 FLBHD 1.680 0.020 384.1 1.677 8.05 8.93 173.4 1.500 1.390 1.390 1.390 3611 GBH 1.390 UNCH 5 1.390 — — 259.4 2.700 1.300 1.950 1.920 7197 GESHEN 1.930 UNCH 123.1 1.932 15.49 — 154.4 0.055 0.040 0.050 0.045 5220 GLOTEC 0.045 UNCH 238.6 0.046 — — 242.2 0.735 0.180 0.670 0.640 7192 GOODWAY 0.670 0.015 504.1 0.661 — — 74.0 0.125 0.075 0.105 0.100 7096 GPA 0.105 UNCH 470.1 0.100 — — 103.0 0.450 0.255 0.305 0.295 5649 GPHAROS 0.295 0.005 49.2 0.298 — — 39.7 0.272 0.196 0.235 0.230 0136 GREENYB 0.235 UNCH 100.2 0.230 41.96 2.55 78.4 0.130 0.085 0.095 0.095 7077 GSB 0.095 UNCH 125 0.095 — — 50.2 0.922 0.749 0.890 0.880 3247 GUH 0.880 -0.020 59.3 0.881 23.78 3.98 244.6 0.650 0.235 0.615 0.590 5151 HALEX 0.615 0.025 1474.3 0.606 — — 65.2 5.325 3.759 4.790 4.690 5168 HARTA 4.750 -0.050 247.9 4.727 29.78 1.68 7,798.8 3.370 2.640 — — 7105 HCK 3.300 — — — 5500 — 278.0 1.580 1.019 1.520 1.430 5095 HEVEA 1.440 -0.050 5728.4 1.463 8.46 3.02 731.9 0.985 0.791 0.965 0.945 3298 HEXZA 0.965 0.020 398 0.956 8.43 4.66 193.4 0.525 0.180 0.305 0.300 5072 HIAPTEK 0.305 0.005 3194.4 0.305 — 0.98 393.4 0.560 0.170 0.560 0.525 5199 HIBISCS 0.540 0.010 98720 0.542 — — 779.7 1.372 0.856 — — 7033 HIGHTEC 0.930 — — — 9.95 3.76 37.8 1.000 0.637 0.950 0.935 8443 HIL 0.935 -0.035 10 0.943 20.59 1.60 260.6 0.370 0.270 0.310 0.310 5165 HOKHENG 0.310 -0.015 45 0.310 28.97 — 24.8 0.055 0.020 0.035 0.030 2739 HUAAN 0.035 UNCH 442 0.032 — — 39.3 3.410 2.590 2.600 2.600 5000 HUMEIND 2.600 0.010 727.6 2.600 34.17 1.15 1,245.6 0.090 0.045 0.060 0.060 9601 HWGB 0.060 UNCH 1029 0.060 — — 59.9 0.920 0.730 0.775 0.775 9687 IDEALUBB 0.775 0.005 2 0.775 41.44 — 85.6 2.147 1.794 2.030 2.030 7222 IMASPRO 2.030 UNCH 5 2.030 17.73 1.72 162.4 0.285 0.185 0.200 0.185 7183 IRETEX 0.195 0.005 129.1 0.196 — — 26.2 0.120 0.055 0.070 0.065 7223 JADI 0.070 0.005 881.8 0.066 28.00 — 65.9 0.165 0.140 — — 8648 JASKITA 0.160 — — — — 1.88 71.9 0.125 0.055 0.065 0.060 2747 JAVA 0.060 UNCH 117.7 0.065 — — 10.4 1.280 0.892 — — 7043 JMR 1.040 — — — 2080 — 131.9 1.350 0.840 1.280 1.260 7167 JOHOTIN 1.270 0.020 408.3 1.271 8.60 1.18 316.0 1.587 1.035 1.460 1.410 4383 JTIASA 1.430 0.020 2732.3 1.435 27.77 0.91 1,392.4 0.225 0.160 0.225 0.220 0054 KARYON 0.220 UNCH 2699.2 0.221 22.45 1.82 104.7 1.187 0.690 0.740 0.735 7199 KEINHIN 0.735 -0.005 12 0.740 9.52 2.04 72.8 0.770 0.340 0.415 0.415 6211 KIALIM 0.415 UNCH 10 0.415 — — 25.7 3.408 2.770 3.000 2.990 3522 KIANJOO 2.990 -0.010 15.6 2.999 10.57 0.67 1,328.1 2.209 1.535 1.860 1.850 5371 KIMHIN 1.860 UNCH 49.2 1.857 12.46 3.23 289.4 0.105 0.025 0.045 0.045 5060 KINSTEL 0.045 UNCH 145 0.045 — — 47.2 1.766 1.090 1.350 1.320 9466 KKB 1.340 0.020 29.6 1.325 — 2.99 345.4 0.520 0.310 0.370 0.355 7164 KNM 0.365 0.005 25665 0.363 31.20 — 787.0 1.163 0.751 0.935 0.900 6971 KOBAY 0.900 -0.010 53.3 0.904 38.63 2.22 91.9 0.568 0.270 0.325 0.310 7017 KOMARK 0.315 0.005 747.4 0.314 — — 39.3 7.218 5.794 6.600 6.450 7153 KOSSAN 6.570 -0.030 139.3 6.512 23.24 1.75 4,201.3 0.600 0.345 0.345 0.345 7130 KPOWER 0.345 UNCH 57.7 0.345 — — 19.4 5.350 4.661 4.860 4.840 3476 KSENG 4.850 0.010 42.5 4.853 — 2.06 1,753.2 0.520 0.346 0.415 0.405 5192 KSSC 0.410 UNCH 80.3 0.407 13.85 1.95 39.4 0.460 0.295 0.320 0.300 8362 KYM 0.300 -0.010 1259.9 0.303 — — 45.0 9.267 6.630 6.780 6.730 3794 LAFMSIA 6.760 -0.020 385.5 6.751 66.93 2.96 5,743.9 0.700 0.437 0.690 0.675 9326 LBALUM 0.690 0.005 1888.9 0.685 7.81 2.90 171.5 0.707 0.460 0.590 0.575 5092 LCTH 0.580 0.005 2716.5 0.581 11.62 6.90 208.8 0.615 0.407 0.515 0.510 5232 LEONFB 0.515 0.005 292 0.514 7.55 2.91 159.7 0.145 0.100 0.125 0.120 8745 LEWEKO 0.120 -0.005 315 0.121 — — 38.6 0.080 0.020 0.035 0.035 2887 LIONDIV 0.035 UNCH 5 0.035 — — 48.7 0.525 0.220 0.475 0.465 4235 LIONIND 0.465 -0.005 606.8 0.469 — — 333.8 0.570 0.110 0.430 0.425 9881 LSTEEL 0.425 -0.005 46.1 0.427 12.39 — 54.4 0.095 0.050 0.095 0.090 5068 LUSTER 0.090 UNCH 11939 0.091 — — 155.9 3.738 3.400 3.440 3.440 9199 LYSAGHT 3.440 0.010 1 3.440 10.36 4.36 143.0 1.060 0.350 0.870 0.850 5098 MASTEEL 0.870 0.010 1630.4 0.857 13.47 — 212.7 0.660 0.475 — — 7029 MASTER 0.600 — — — 11.17 1.67 32.8 1.140 0.765 1.100 1.090 5152 MBL 1.100 0.010 381.7 1.095 9.46 1.82 101.2 0.960 0.630 0.780 0.750 7004 MCEHLDG 0.780 -0.005 102.1 0.773 — — 34.6 0.660 0.180 0.400 0.380 3778 MELEWAR 0.395 0.005 1248.7 0.389 — — 89.1 0.613 0.485 0.590 0.590 5223 MENTIGA 0.590 UNCH 4.5 0.590 27.06 1.69 41.3 1.426 1.062 1.240 1.240 8192 MERCURY 1.240 0.020 10 1.240 8.33 9.68 49.8 1.850 1.595 — — 6149 METROD 1.700 — — — 13.50 3.53 204.0 1.990 0.800 1.990 1.900 5001 MIECO 1.970 0.070 1150.8 1.953 10.68 — 413.7 0.110 0.060 0.095 0.095 7219 MINETEC 0.095 UNCH 2475 0.095 — — 66.0 0.784 0.535 0.595 0.570 5576 MINHO 0.590 0.020 640.3 0.583 11.75 — 129.6 4.490 2.220 4.090 3.980 5916 MSC 3.980 -0.090 153 4.008 16.24 — 398.0 2.505 1.400 1.500 1.450 3883 MUDA 1.470 0.030 228.8 1.459 13.21 2.04 448.4 1.200 0.210 1.000 0.980 5087 MYCRON 0.985 UNCH 1837.6 0.988 8.87 — 279.3 0.240 0.035 0.225 0.200 7002 NAKA 0.225 UNCH 236 0.217 — — 12.5 0.645 0.100 0.220 0.215 5025 NWP 0.220 0.005 982.9 0.219 — — 76.3 0.724 0.492 0.705 0.680 4944 NYLEX 0.695 0.025 1799.8 0.693 9.65 2.88 135.1 1.338 0.858 1.320 1.280 7140 OKA 1.310 0.030 532.6 1.307 9.24 3.82 209.3 1.150 0.865 0.970 0.970 5065 ORNA 0.970 UNCH 21.1 0.970 9.11 3.09 73.0 0.095 0.050 0.070 0.070 7225 PA 0.070 UNCH 80 0.070 — — 66.3 7.300 5.887 7.280 7.110 5183 PCHEM 7.280 0.150 9358.9 7.189 22.20 2.34 58,240.0 2.045 1.472 1.630 1.590 5271 PECCA 1.600 -0.020 365.3 1.601 16.95 2.50 300.8 0.801 0.565 0.655 0.645 9997 PENSONI 0.650 0.005 242.9 0.649 8.08 4.62 84.3 7.060 5.051 6.830 6.790 5436 PERSTIM 6.790 -0.040 43 6.809 12.86 5.89 674.3 0.150 0.050 0.100 0.095 5146 PERWAJA 0.095 UNCH 568 0.097 — — 53.2 22.513 19.900 20.660 20.500 6033 PETGAS 20.600 UNCH 893.4 20.601 24.15 2.91 40,761.9 6.934 3.510 4.620 4.500 3042 PETRONM 4.610 0.110 526 4.598 8.81 4.34 1,244.7 2.731 1.630 1.960 1.810 7095 PIE 1.890 0.080 1123.9 1.901 25.68 1.27 725.8 1.700 0.881 1.700 1.700 7172 PMBTECH 1.700 0.010 7 1.700 15.10 2.35 136.0 2.250 0.643 2.250 2.180 8869 PMETAL 2.220 0.040 6834.2 2.213 20.29 1.66 8,218.2 0.650 0.430 — — 6637 PNEPCB 0.540 — — — 21.34 — 71.0 0.400 0.270 0.290 0.290 8117 POLY 0.290 UNCH 10 0.290 39.73 — 46.4 1.070 0.820 0.940 0.925 8273 PPHB 0.940 0.005 29.4 0.932 6.48 — 103.3 0.365 0.300 0.335 0.335 9458 PREMIER 0.335 0.005 20 0.335 67.00 — 112.9 1.039 0.392 0.960 0.940 9873 PRESTAR 0.950 0.010 1088.6 0.949 7.62 2.11 183.4 0.895 0.635 0.880 0.880 7168 PRG 0.880 -0.005 18.2 0.880 26.83 0.57 262.4 0.135 0.085 0.110 0.105 7123 PWORTH 0.110 0.005 459.4 0.107 91.67 — 79.1 1.640 1.100 — — 7544 QUALITY 1.200 — — — 8.05 — 69.6 0.930 0.660 — — 7498 RALCO 0.730 — — — — — 30.6 6.150 5.450 5.750 5.750 7765 RAPID 5.750 0.110 7 5.750 — — 502.9 0.505 0.315 0.445 0.420 7232 RESINTC 0.420 0.010 205.6 0.429 11.35 2.86 57.6 0.844 0.715 0.770 0.765 7803 RUBEREX 0.765 -0.010 55.4 0.766 10.37 2.61 175.4 4.400 3.456 4.400 4.180 5134 SAB 4.400 0.220 22 4.199 20.70 1.14 602.5

* 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 FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY



7.980 4.880 5.620 5.570 9822 SAM 5.580 0.020 28.8 5.581 10.89 2.68 702.5 1.034 0.827 — — 7811 SAPIND 0.930 — — — 8.82 6.45 67.7 1.627 1.010 1.090 1.070 5170 SCABLE 1.070 -0.010 294.7 1.081 12.77 5.61 339.2 3.585 2.697 3.400 3.370 7247 SCGM 3.400 0.030 169.6 3.381 20.69 2.65 448.8 0.895 0.520 — — 9237 SCIB 0.595 — — — — — 43.8 7.090 5.921 7.020 6.960 4731 SCIENTX 7.010 0.010 169.9 7.006 15.61 2.28 3,249.5 0.360 0.250 — — 7239 SCNWOLF 0.300 — — — — — 26.3 0.455 0.135 0.455 0.330 7366 SCOMIEN 0.420 0.105 7749.5 0.405 — — 143.7 1.063 0.660 0.915 0.900 7073 SEACERA 0.915 UNCH 214.9 0.909 26.91 3.28 215.9 0.280 0.140 0.190 0.170 5145 SEALINK 0.185 0.015 486.5 0.180 — — 92.5 0.440 0.250 0.420 0.405 5163 SEB 0.420 0.005 16 0.414 — — 33.6 3.770 1.990 2.900 2.820 4324 SHELL 2.860 0.030 494.7 2.877 3.88 — 858.0 0.556 0.395 0.415 0.405 5181 SIGGAS 0.415 0.010 228.6 0.409 19.04 2.89 77.8 0.795 0.500 0.795 0.795 7115 SKBSHUT 0.795 UNCH 10 0.795 91.38 — 31.8 1.440 1.083 1.330 1.310 7155 SKPRES 1.320 -0.010 1219.4 1.320 17.30 2.65 1,561.9 3.046 1.916 2.420 2.350 7248 SLP 2.420 0.050 18.3 2.383 24.57 1.24 598.5 0.740 0.585 — — 7132 SMISCOR 0.640 — — — — 3.91 28.7 1.430 0.690 1.360 1.300 5665 SSTEEL 1.350 0.050 506.3 1.332 — — 570.6 0.415 0.065 0.115 0.105 7143 STONE 0.110 UNCH 723.8 0.110 — — 9.9 1.800 1.360 — — 6904 SUBUR 1.400 — — — — — 292.6 2.340 1.535 2.300 2.290 7207 SUCCESS 2.290 -0.010 20.4 2.295 8.67 2.18 281.0 2.590 1.653 2.540 2.520 7235 SUPERLN 2.520 -0.020 57.8 2.528 10.47 1.98 201.6 3.148 1.992 2.110 2.070 7106 SUPERMX 2.080 -0.030 1837.1 2.084 18.79 2.88 1,414.7 4.667 3.365 4.200 4.140 5012 TAANN 4.140 -0.050 1426.8 4.179 11.96 2.21 1,841.7 0.545 0.276 0.390 0.390 4022 TADMAX 0.390 0.005 122.3 0.390 — — 191.0 0.555 0.235 0.335 0.310 5149 TAS 0.330 0.015 745.1 0.326 — — 59.4 15.100 12.500 12.600 12.600 4448 TASEK 12.600 UNCH 1.7 12.600 22.96 7.94 1,557.6 14.940 14.000 — — 4448P TASEK-PA 14.000 — — — — 7.86 4.7 0.190 0.090 0.120 0.110 5178 TATGIAP 0.120 0.015 192 0.115 — — 18.6 0.500 0.220 0.460 0.395 7097 TAWIN 0.405 -0.005 50.2 0.413 — — 26.0 2.920 1.020 2.280 2.270 7439 TECGUAN 2.270 UNCH 25.6 2.270 8.06 — 91.0 0.851 0.595 0.760 0.735 9741 TECNIC 0.745 0.010 191.7 0.752 — — 30.1 0.415 0.285 — — 6378 TEKALA 0.355 — — — — — 54.3 4.550 2.779 4.430 4.370 7034 TGUAN 4.390 UNCH 237.9 4.398 7.87 1.37 524.1 2.499 1.517 1.850 1.840 7374 TIENWAH 1.840 -0.010 41 1.842 7.85 8.53 266.3 0.690 0.560 0.570 0.560 7854 TIMWELL 0.570 -0.070 4.8 0.566 — — 50.8 2.020 1.521 1.720 1.640 7285 TOMYPAK 1.720 0.080 559.5 1.702 12.65 4.65 283.9 2.100 1.707 2.090 2.090 5010 TONGHER 2.090 0.040 1 2.090 13.10 7.18 329.0 5.718 4.130 5.100 5.010 7113 TOPGLOV 5.070 -0.030 2530.1 5.054 20.77 2.86 6,364.4 0.680 0.495 0.550 0.550 7173 TOYOINK 0.550 -0.010 12 0.550 23.50 — 58.9 0.270 0.145 0.195 0.160 4359 TURIYA 0.175 0.010 406.3 0.181 — — 40.0 1.850 1.353 1.830 1.790 7100 UCHITEC 1.830 0.040 1003.3 1.818 12.82 6.01 812.0 6.754 3.331 4.700 4.600 7133 ULICORP 4.700 0.100 121 4.685 18.30 2.55 682.4 1.460 0.890 1.280 1.240 7227 UMSNGB 1.280 0.020 189 1.258 9.29 2.34 102.4 1.700 0.610 1.380 1.340 4995 VERSATL 1.350 -0.020 1158.6 1.371 — — 158.4 1.540 1.130 1.540 1.490 6963 VS 1.540 0.040 3323.3 1.514 19.67 2.68 1,827.2 0.935 0.631 0.910 0.850 5142 WASEONG 0.900 0.050 8224.5 0.890 — 1.67 697.4 0.485 0.290 — — 7226 WATTA 0.355 — — — — — 30.0 1.960 1.402 1.960 1.930 7111 WEIDA 1.950 UNCH 221.2 1.945 8.72 1.54 260.0 2.736 1.764 1.960 1.940 7231 WELLCAL 1.960 UNCH 78.5 1.953 20.81 4.69 650.1 0.740 0.490 0.630 0.625 7050 WONG 0.630 UNCH 55 0.626 79.75 — 57.8 0.660 0.405 0.595 0.580 7025 WOODLAN 0.590 0.005 32.6 0.587 11.43 — 23.6 2.287 1.882 2.070 2.060 5009 WTHORSE 2.060 0.020 5.7 2.064 10.60 4.85 494.4 1.447 0.980 1.040 1.020 4243 WTK 1.030 -0.010 753.5 1.026 12.55 2.42 495.8 1.160 0.815 1.160 1.120 7245 WZSATU 1.160 0.040 1485.9 1.142 14.80 1.72 404.7 1.080 0.780 0.820 0.820 5048 YILAI 0.820 0.010 28 0.820 17.15 — 131.2 0.400 0.160 0.285 0.280 7020 YKGI 0.280 0.005 2698.3 0.282 77.78 — 97.5 0.750 0.380 0.460 0.460 7014 YLI 0.460 0.030 5 0.460 14.84 — 47.4CONSTRUCTION 0.460 0.280 — — 7007 ARK 0.400 — — — — — 19.5 0.752 0.553 0.645 0.635 7078 AZRB 0.645 0.015 221.9 0.639 12.80 3.10 311.9 0.735 0.586 0.735 0.705 6173 BDB 0.710 -0.005 874.9 0.721 7.60 5.63 215.7 0.537 0.351 0.505 0.485 5190 BENALEC 0.500 0.020 8612 0.494 17.42 1.40 405.9 0.510 0.360 0.470 0.440 5932 BPURI 0.470 0.035 2562.3 0.457 — — 117.2 0.944 0.790 0.805 0.805 8761 BREM 0.805 UNCH 9.6 0.805 30.38 3.58 278.1 0.975 0.805 0.930 0.915 8591 CRESBLD 0.930 0.005 24 0.920 — 4.30 164.5 1.808 1.460 — — 7528 DKLS 1.560 — — — 6.77 1.92 144.6 2.020 0.958 2.000 1.950 5253 ECONBHD 2.000 UNCH 921 1.976 15.41 2.00 1,070.0 2.840 0.998 2.840 2.690 8877 EKOVEST 2.810 0.120 3033.2 2.772 12.48 1.07 2,403.8 0.609 0.482 0.575 0.565 7047 FAJAR 0.575 0.010 902.9 0.570 15.58 4.35 208.6 1.305 0.885 1.130 1.100 9261 GADANG 1.100 -0.010 8496.9 1.111 6.70 2.55 711.9 4.970 4.243 4.960 4.930 5398 GAMUDA 4.940 -0.010 5835.2 4.945 19.01 2.43 11,979.7 1.200 0.800 1.010 0.990 5226 GBGAQRS 1.010 0.010 739.6 1.002 24.75 — 394.8 0.965 0.710 0.875 0.815 5169 HOHUP 0.865 0.050 1824.4 0.847 3.96 — 324.2 2.103 1.580 1.690 1.670 6238 HSL 1.690 UNCH 128.8 1.683 13.99 1.42 984.7 3.534 3.043 3.420 3.400 3336 IJM 3.410 UNCH 3725.2 3.411 21.08 2.05 12,300.1 0.804 0.565 0.610 0.595 5268 IKHMAS 0.595 -0.005 554.6 0.601 19.19 1.68 309.4 0.710 0.480 0.635 0.635 8834 IREKA 0.635 -0.030 2 0.635 — — 108.5 1.350 0.805 1.350 1.290 4723 JAKS 1.310 0.030 6273.5 1.327 10.64 — 574.3 0.375 0.195 0.370 0.370 9083 JETSON 0.370 0.005 135.5 0.370 — — 69.5 2.487 1.612 2.330 2.310 7161 KERJAYA 2.320 UNCH 249.9 2.317 6.31 1.72 1,183.8 2.260 1.414 2.170 2.140 5171 KIMLUN 2.150 0.010 109.1 2.157 8.23 2.70 667.1 1.540 1.010 — — 9628 LEBTECH 1.510 — — — — — 206.1 1.270 0.660 0.875 0.835 5129 MELATI 0.855 -0.005 37.2 0.848 3.45 2.05 102.6 0.385 0.240 0.325 0.300 5006 MERGE 0.310 0.010 43.7 0.313 3100 — 20.8 1.470 1.041 1.290 1.260 9571 MITRA 1.260 UNCH 1406.1 1.271 8.48 3.97 843.9 0.895 0.465 0.875 0.875 7595 MLGLOBAL 0.875 -0.005 4 0.875 7.55 — 312.7 0.440 0.230 0.380 0.365 5924 MTDACPI 0.370 UNCH 467.8 0.374 336.36 — 85.7 1.450 0.725 0.870 0.850 5085 MUDAJYA 0.870 0.015 151.6 0.858 — — 480.6 2.470 2.074 2.400 2.380 5703 MUHIBAH 2.390 0.010 1654.9 2.390 12.13 2.09 1,152.3 0.670 0.322 0.670 0.610 8311 PESONA 0.655 0.045 9997.2 0.652 23.82 1.53 428.9 1.530 1.140 1.530 1.490 7055 PLB 1.530 0.060 37 1.510 — 0.65 139.7 1.389 1.034 1.250 1.230 5070 PRTASCO 1.230 -0.010 867.4 1.240 8.27 5.69 522.4 0.140 0.095 0.135 0.125 7145 PSIPTEK 0.135 0.015 1271.3 0.130 10.38 — 42.8 3.653 3.013 3.510 3.460 9598 PTARAS 3.510 0.010 25.6 3.485 23.48 5.70 574.9 0.763 0.405 0.730 0.695 5205 SENDAI 0.715 0.035 16096.7 0.712 — 0.70 553.4 1.740 1.299 1.720 1.690 5263 SUNCON 1.710 UNCH 1744.7 1.707 18.29 2.63 2,210.9 0.395 0.300 0.330 0.325 9717 SYCAL 0.325 UNCH 155.7 0.325 15.55 — 104.1 0.513 0.332 0.425 0.410 5054 TRC 0.420 UNCH 523.7 0.416 6.82 1.55 201.8 2.400 1.140 1.930 1.910 5622 TRIPLC 1.920 -0.030 60.9 1.914 5.75 — 130.5 0.610 0.430 0.495 0.470 5042 TSRCAP 0.495 0.020 100 0.483 15.52 — 86.4 0.130 0.072 0.125 0.120 7070 VIZIONE 0.120 UNCH 7576.2 0.121 120.00 — 105.1 1.240 0.880 1.240 1.180 3565 WCEHB 1.230 0.070 3171.9 1.214 67.21 — 1,233.4 1.980 1.392 1.860 1.820 9679 WCT 1.860 0.020 5026.8 1.849 18.29 1.61 2,348.3 0.855 0.550 0.585 0.560 7028 ZECON 0.585 0.025 263 0.571 1.93 — 69.7 0.250 0.100 0.150 0.140 2283 ZELAN 0.150 0.010 3608.2 0.144 — — 126.7TRADING SERVICES 0.495 0.225 0.430 0.410 5238 AAX 0.420 UNCH 35548.9 0.421 4.20 — 1,742.2 0.335 0.165 0.175 0.170 5166 AEGB 0.170 UNCH 270 0.171 — 58.82 69.7 3.000 2.320 2.350 2.320 6599 AEON 2.320 -0.030 2267.6 2.323 35.58 1.72 3,257.3 0.245 0.160 0.190 0.180 7315 AHB 0.190 0.010 663.3 0.185 17.12 — 30.4 3.300 1.306 2.650 2.560 5099 AIRASIA 2.650 0.090 29140.8 2.613 3.47 1.51 8,856.2 7.300 5.550 6.630 6.470 5014 AIRPORT 6.600 0.260 21259.6 6.597 — 1.29 10,950.7 0.410 0.185 0.295 0.275 5115 ALAM 0.290 0.015 4163.1 0.285 — — 268.1 0.270 0.075 0.115 0.100 0159 AMEDIA 0.110 UNCH 3350.5 0.106 — — 26.3 9.528 7.400 7.550 7.520 6351 AMWAY 7.530 0.030 8.3 7.539 25.66 3.32 1,237.8 2.420 1.991 2.310 2.300 7083 ANALABS 2.300 -0.020 3 2.303 9.60 1.30 138.1 0.230 0.025 0.050 0.045 5194 APFT 0.050 0.005 7085.2 0.046 — — 23.9 1.046 0.500 0.635 0.605 5210 ARMADA 0.625 0.015 24496.3 0.622 — 1.31 3,666.4 0.150 0.100 0.120 0.115 1481 ASB 0.120 0.005 1754.1 0.120 — 2.08 79.7 2.946 2.463 2.850 2.790 6399 ASTRO 2.820 -0.010 1976.7 2.825 21.51 4.85 14,690.9 5.200 4.105 4.900 4.830 7048 ATLAN 4.900 0.010 11.9 4.874 23.11 4.59 1,242.9 1.080 0.393 1.070 1.040 7579 AWC 1.050 UNCH 2246 1.053 12.67 0.95 277.6 5.933 4.110 5.100 4.950 6888 AXIATA 5.080 0.130 9851.5 5.078 34.99 3.35 45,575.3 0.407 0.230 0.360 0.355 5021 AYS 0.355 UNCH 226.2 0.355 8.22 5.15 135.0 0.815 0.605 0.670 0.660 7251 BARAKAH 0.665 UNCH 530.1 0.665 21.73 — 548.7 2.373 1.908 2.100 2.070 5248 BAUTO 2.080 -0.020 2517.2 2.084 14.50 5.00 2,398.4 0.545 0.385 0.425 0.420 7241 BHS 0.425 0.005 334.5 0.424 — — 194.8 0.325 0.170 0.250 0.235 6998 BINTAI 0.250 0.010 580.6 0.241 — — 53.6 6.912 6.222 6.350 6.350 5032 BIPORT 6.350 0.100 1.2 6.350 19.64 3.78 2,921.0 2.000 1.065 1.880 1.860 5275 BISON 1.870 0.050 51.3 1.872 27.66 — 579.8 0.427 0.306 0.410 0.395 3395 BJCORP 0.405 0.005 32464.4 0.403 — — 1,994.1 2.114 1.222 1.780 1.740 5196 BJFOOD 1.770 UNCH 215.7 1.765 35.05 3.11 669.7 0.740 0.560 — — 4219 BJLAND 0.600 — — — — — 3,000.2 0.445 0.205 0.250 0.250 6025 BJMEDIA 0.250 -0.040 0.5 0.250 — — 58.8 3.333 2.763 2.990 2.960 1562 BJTOTO 2.980 UNCH 520.9 2.973 14.02 5.70 4,026.1 0.200 0.145 0.170 0.160 7036 BORNOIL 0.170 0.010 71992.8 0.166 12.69 — 514.9 1.090 0.645 0.720 0.710 9474 BRAHIMS 0.710 UNCH 310.3 0.713 — — 167.8 2.750 1.749 2.750 2.670 2771 BSTEAD 2.750 0.050 254.4 2.717 25.68 5.54 5,574.2 0.530 0.280 0.380 0.340 5257 CARIMIN 0.345 0.015 307.6 0.351 53.91 — 80.7 2.000 1.300 1.400 1.360 5245 CARING 1.370 -0.010 59.6 1.374 38.06 1.09 298.3 3.774 2.850 2.990 2.960 2925 CCB 2.980 0.020 42.3 2.977 6.30 1.68 300.2 1.044 0.744 0.895 0.880 7117 CENTURY 0.890 0.005 655.4 0.890 16.73 4.49 343.7 0.489 0.372 0.410 0.410 7209 CHEETAH 0.410 UNCH 1.5 0.410 61.19 1.83 52.3 0.560 0.385 0.470 0.460 7016 CHUAN 0.470 UNCH 87.2 0.464 14.20 — 79.3 0.100 0.065 0.070 0.070 5104 CNI 0.070 UNCH 361.8 0.070 — 4.29 50.4 0.825 0.650 0.720 0.715 5136 COMPLET 0.720 UNCH 18 0.716 5.82 4.17 88.2 0.055 0.030 0.040 0.035 5037 COMPUGT 0.040 0.005 421.6 0.035 26.67 — 85.4 2.260 1.571 2.240 2.180 5184 CYPARK 2.200 -0.020 523.8 2.204 10.82 2.27 556.5 1.520 0.779 1.470 1.450 5276 DANCO 1.460 -0.020 35 1.458 14.97 1.03 217.5 0.095 0.050 0.075 0.070 0091 DAYA 0.070 UNCH 1062.2 0.073 — — 129.7 1.400 0.730 1.120 1.070 5141 DAYANG 1.110 0.030 2033 1.099 40.07 3.15 973.6 1.256 0.820 1.060 1.030 5132 DELEUM 1.050 0.020 425.3 1.043 15.17 4.52 420.0 0.895 0.525 0.750 0.715 7212 DESTINI 0.745 0.030 4738.3 0.734 21.91 — 860.6 1.600 1.441 1.550 1.530 7277 DIALOG 1.540 UNCH 7066 1.537 25.37 1.43 8,340.5 6.670 3.604 4.650 4.530 5908 DKSH 4.630 0.100 71.1 4.594 15.47 2.05 730.0 0.304 0.187 0.300 0.290 4456 DNEX 0.295 UNCH 16200 0.296 2.31 1.69 511.8 1.617 1.039 1.190 1.150 5216 DSONIC 1.170 0.010 3951.7 1.167 21.04 2.56 1,579.5 0.380 0.175 0.220 0.210 2097 EASTLND 0.215 -0.005 115 0.214 — — 52.8 1.239 0.445 0.725 0.710 5259 EATECH 0.720 0.010 3911.5 0.716 8.72 3.13 362.9 0.340 0.200 — — 5036 EDARAN 0.240 — — — — — 14.4 0.255 0.165 0.215 0.210 7471 EDEN 0.215 0.010 375.7 0.214 — — 66.9 3.980 2.958 3.220 3.170 1368 EDGENTA 3.170 -0.030 297.4 3.188 29.35 4.73 2,636.2 0.324 0.220 0.265 0.250 0064 EFFICEN 0.265 0.015 1045.4 0.258 4.48 — 187.9 0.890 0.759 — — 5081 EIG 0.835 — — — 11.69 2.69 198.1

1.408 1.084 1.200 1.180 5208 EITA 1.200 0.020 6.1 1.186 9.97 3.33 156.0 1.370 1.100 1.250 1.210 5056 ENGTEX 1.240 0.020 1168.7 1.226 7.82 0.60 389.5 0.802 0.540 0.585 0.575 6939 FIAMMA 0.580 0.005 268.9 0.578 11.98 2.59 307.3 0.479 0.395 0.440 0.430 9318 FITTERS 0.435 0.010 942.9 0.433 48.33 1.38 209.0 1.311 1.100 1.210 1.170 7210 FREIGHT 1.210 0.020 147.6 1.191 10.92 4.13 225.2 0.195 0.125 0.195 0.185 0128 FRONTKN 0.195 0.010 7629.9 0.190 22.67 — 205.4 0.290 0.110 — — 9377 FSBM 0.200 — — — — — 27.8 2.800 2.170 2.740 2.690 5209 GASMSIA 2.710 UNCH 944.3 2.706 28.11 3.24 3,479.6 1.760 1.452 1.640 1.630 0078 GDEX 1.630 -0.010 262.7 1.632 59.49 0.61 2,258.2 5.100 4.016 5.080 4.980 4715 GENM 5.000 -0.050 2326.8 5.011 18.46 1.46 29,690.2 9.850 7.550 8.410 8.320 3182 GENTING 8.370 -0.040 1803.3 8.367 23.20 0.42 31,387.7 3.130 1.133 2.900 2.850 3204 GKENT 2.870 -0.040 2892.4 2.869 13.64 2.72 1,077.7 0.510 0.300 0.480 0.470 7676 GUNUNG 0.475 -0.020 43.1 0.474 — — 112.1 4.400 2.255 4.400 4.310 7668 HAIO 4.380 0.020 92.9 4.374 18.20 3.65 885.6 0.315 0.200 0.240 0.235 7253 HANDAL 0.235 0.005 49 0.235 — — 37.6 9.420 6.884 8.770 8.680 3034 HAPSENG 8.770 0.090 349.2 8.743 20.78 3.99 21,834.5 1.315 0.755 0.860 0.815 2062 HARBOUR 0.825 0.015 494 0.837 6.04 2.42 330.3 3.720 2.665 — — 5008 HARISON 3.330 — — — 13.01 4.50 228.1 0.015 0.005 0.010 0.005 7013 HUBLINE 0.005 UNCH 4535.3 0.008 — — 63.3 0.480 0.295 0.460 0.455 5255 ICON 0.455 -0.005 6505.3 0.460 — — 535.6 6.759 6.150 6.300 6.260 5225 IHH 6.290 UNCH 2973 6.291 48.31 0.48 51,777.5 0.920 0.725 0.855 0.835 5614 ILB 0.850 -0.005 19.6 0.850 — 2.94 151.3 1.046 0.745 0.800 0.750 5673 IPMUDA 0.800 0.050 16 0.755 — 3.75 58.0 1.939 1.340 1.910 1.850 0058 JCBNEXT 1.900 0.090 82.7 1.889 27.30 1.84 266.0 0.300 0.210 0.285 0.275 8923 JIANKUN 0.275 0.005 159.1 0.278 — — 41.7 0.430 0.295 — — 8672 KAMDAR 0.325 — — — — — 64.3 0.390 0.180 0.195 0.190 5079 KBES 0.190 -0.005 82 0.194 — — 23.9 1.897 1.649 1.840 1.820 6491 KFIMA 1.840 0.030 353.3 1.834 8.62 4.89 519.3 0.400 0.226 0.360 0.325 0151 KGB 0.355 0.040 6806 0.341 — 1.41 78.9 1.457 1.020 — — 5035 KNUSFOR 1.090 — — — — 1.83 108.6 4.328 4.040 4.200 4.150 5878 KPJ 4.200 -0.010 441.9 4.190 35.93 1.56 4,467.8 1.380 0.923 1.250 1.230 5843 KPS 1.250 0.010 215 1.245 5.03 3.20 623.8 0.650 0.485 0.530 0.520 9121 KPSCB 0.530 0.005 10.1 0.523 4.83 — 78.3 0.220 0.115 0.150 0.145 4847 KTB 0.145 0.005 1402 0.146 — — 58.4 0.460 0.242 0.450 0.430 6874 KUB 0.450 0.015 4382.4 0.440 11.39 1.11 250.4 0.380 0.250 0.315 0.310 7170 LFECORP 0.310 -0.005 745.2 0.310 30.39 — 56.3 0.735 0.420 0.475 0.470 8486 LIONFIB 0.470 UNCH 51.3 0.471 — — 108.8 1.849 1.376 1.530 1.520 5143 LUXCHEM 1.530 0.010 52.5 1.524 9.01 4.58 421.3 2.455 2.080 2.200 2.180 3859 MAGNUM 2.190 -0.010 701.6 2.192 16.94 6.16 3,148.7 1.756 1.260 1.320 1.280 5264 MALAKOF 1.290 0.010 5959.7 1.302 2.63 4.26 6,450.0 0.170 0.145 0.160 0.155 3514 MARCO 0.160 UNCH 278 0.157 9.94 4.38 168.7 6.326 5.225 6.210 6.060 6012 MAXIS 6.200 0.090 2617.7 6.195 23.55 3.23 46,564.0 1.000 0.510 0.755 0.725 5077 MAYBULK 0.750 0.020 2192.9 0.745 — — 750.0 2.670 1.927 2.300 2.220 5983 MBMR 2.300 UNCH 356.3 2.277 12.93 2.61 899.0 1.520 0.900 1.430 1.430 7189 MBWORLD 1.430 0.010 6.8 1.430 201.41 — 136.7 1.471 1.000 1.050 1.020 4502 MEDIA 1.040 UNCH 998.3 1.036 — 8.65 1,153.6 0.757 0.590 0.630 0.620 5090 MEDIAC 0.630 -0.005 62.1 0.629 12.63 6.79 1,063.0 0.780 0.550 — — 7234 MESB 0.600 — — — 22.56 — 25.2 2.900 1.618 2.900 2.800 3069 MFCB 2.850 0.050 766.8 2.866 8.30 2.46 1,145.4 1.340 0.840 1.060 1.010 5186 MHB 1.050 0.020 1145.2 1.035 — — 1,680.0 8.881 6.789 7.480 7.390 3816 MISC 7.470 0.110 1126.6 7.426 11.88 4.35 33,344.5 2.450 1.580 2.370 2.300 2194 MMCCORP 2.320 -0.010 366.8 2.344 — 1.64 7,064.5 0.432 0.205 0.280 0.265 0059 MMODE 0.280 0.015 695.2 0.274 — 2.14 45.6 0.090 0.060 0.090 0.085 0043 MTRONIC 0.090 UNCH 3579.5 0.087 7.76 — 68.3 0.195 0.115 0.155 0.150 3891 MUIIND 0.155 UNCH 1241 0.151 — — 454.5 0.299 0.195 0.235 0.235 3905 MULPHA 0.235 UNCH 1188.7 0.235 21.17 — 751.1 1.670 1.385 1.660 1.600 0138 MYEG 1.640 0.030 11546.1 1.628 38.05 0.73 5,914.3 0.510 0.305 — — 9806 NATWIDE 0.430 — — — — — 51.7 0.115 0.065 0.095 0.090 4464 NICORP 0.090 UNCH 985 0.093 2.47 — 77.7 0.878 0.640 0.780 0.685 5533 OCB 0.780 0.080 22.3 0.696 14.50 1.28 80.2 0.860 0.667 0.815 0.805 0172 OCK 0.810 UNCH 1449.9 0.811 15.23 0.74 705.9 1.995 1.308 1.920 1.890 5201 OLDTOWN 1.910 0.010 128.6 1.900 15.27 3.14 884.8 0.115 0.070 0.100 0.090 3018 OLYMPIA 0.100 0.010 1468.1 0.095 — — 102.3 2.540 1.890 2.150 2.050 5260 OWG 2.150 0.090 598.1 2.115 44.70 — 522.2 0.459 0.390 0.420 0.415 8419 PANSAR 0.415 0.005 88.8 0.416 12.93 4.82 116.2 0.495 0.435 0.475 0.460 5125 PANTECH 0.470 0.015 1010.9 0.467 12.91 3.30 347.6 1.057 0.610 0.630 0.620 5657 PARKSON 0.625 0.005 598.7 0.623 — — 683.7 1.274 1.013 1.200 1.180 5041 PBA 1.200 0.030 138 1.184 7.40 3.13 397.5 0.135 0.055 0.075 0.070 6254 PDZ 0.075 UNCH 3040.2 0.075 — — 65.2 1.304 0.881 0.955 0.925 5133 PENERGY 0.950 0.025 792.7 0.937 — 3.16 305.7 1.550 1.540 — — 7108 PERDANA 1.540 — — — — — 1,198.8 0.295 0.040 0.085 0.075 0047 PERISAI 0.080 UNCH 36036.2 0.080 — — 100.9 0.220 0.115 0.175 0.170 7080 PERMAJU 0.170 UNCH 438.9 0.172 — — 33.3 1.727 1.413 1.620 1.590 5219 PESTECH 1.620 0.010 141.3 1.607 28.37 1.08 1,236.7 25.396 21.786 23.860 23.420 5681 PETDAG 23.480 UNCH 95.5 23.482 31.43 2.56 23,326.3 0.250 0.030 — — 7027 PETONE 0.055 — — — — — 2.8 6.111 4.950 5.110 5.100 7081 PHARMA 5.100 0.100 18 5.101 21.14 3.92 1,322.8 0.215 0.125 0.190 0.165 7201 PICORP 0.190 0.015 2361.2 0.180 — 3.21 125.0 0.370 0.205 0.240 0.240 7163 PJBUMI 0.240 UNCH 190 0.240 — — 12.0 4.170 1.968 4.100 3.940 4634 POS 4.050 0.060 1116.6 4.036 29.05 2.89 3,170.2 3.020 1.690 2.240 2.210 5204 PRESBHD 2.230 0.020 158.2 2.225 101.83 1.46 1,079.3 2.640 1.640 1.910 1.880 8346 PRKCORP 1.880 -0.070 12.7 1.892 — — 188.0 0.210 0.155 0.170 0.160 0186 PTRANS 0.165 UNCH 1023 0.165 — — 188.6 1.100 0.756 0.840 0.815 5272 RANHILL 0.820 -0.015 540.5 0.823 10.76 4.63 728.4 0.330 0.150 0.330 0.320 0037 RGB 0.325 UNCH 13025.1 0.325 16.09 1.54 432.2 0.450 0.315 0.335 0.325 8885 RPB 0.335 0.005 42.6 0.329 — — 287.6 0.663 0.528 0.590 0.585 8567 SALCON 0.590 UNCH 871.9 0.588 — 3.39 399.8 1.500 0.606 1.500 1.390 5147 SAMCHEM 1.470 0.080 394.5 1.456 25.83 3.06 199.9 0.150 0.105 0.145 0.140 9113 SANBUMI 0.140 UNCH 87 0.141 — — 31.7 2.372 1.920 2.180 2.170 0099 SCICOM 2.170 UNCH 121.5 2.171 17.43 4.15 771.3 0.220 0.090 0.180 0.160 7158 SCOMI 0.180 0.025 26077.8 0.173 — — 345.2 0.255 0.130 0.255 0.235 7045 SCOMIES 0.250 0.020 7636.4 0.247 — — 585.4 1.263 0.972 1.100 1.080 7053 SEEHUP 1.100 0.020 4 1.090 5.03 6.55 57.5 1.177 0.959 1.100 1.100 9792 SEG 1.100 -0.020 31 1.100 37.80 11.82 822.9 1.970 1.303 1.600 1.510 5250 SEM 1.550 0.040 985.2 1.561 32.43 1.48 1,911.7 9.270 6.918 9.060 8.970 4197 SIME 9.000 -0.040 9923.7 8.991 22.00 3.00 61,207.6 0.930 0.660 — — 9431 SJC 0.660 — — — 18.13 1.52 26.8 2.180 1.290 1.860 1.730 5218 SKPETRO 1.850 0.110 28811.5 1.804 — 0.73 11,085.5 1.479 1.230 1.330 1.300 5242 SOLID 1.320 UNCH 66 1.312 53.88 0.98 219.7 2.607 2.220 2.400 2.360 6084 STAR 2.390 0.040 163.5 2.379 14.73 7.53 1,765.2 2.600 2.242 2.600 2.550 9865 SUIWAH 2.600 UNCH 5.7 2.595 16.65 1.35 158.6 0.140 0.045 0.090 0.080 1201 SUMATEC 0.090 0.005 61803.3 0.086 13.04 — 348.0 2.320 1.793 2.010 1.990 6521 SURIA 2.010 UNCH 188.5 2.005 11.59 3.48 579.2 0.420 0.245 — — 5173 SYSCORP 0.290 — — — 100.0 — 348.0 0.370 0.275 0.335 0.325 7228 T7GLOBAL 0.335 0.005 175.7 0.331 — — 127.8 1.539 1.191 1.480 1.460 8524 TALIWRK 1.460 -0.010 124.1 1.471 18.99 5.48 1,765.9 1.650 1.372 1.610 1.580 5140 TASCO 1.590 UNCH 400.1 1.591 10.08 2.83 318.0 14.666 13.000 13.560 13.420 5347 TENAGA 13.440 UNCH 6718.2 13.445 10.64 2.38 75,967.4 1.732 1.370 1.470 1.470 8702 TEXCHEM 1.470 -0.010 10 1.470 — 13.61 182.4 0.240 0.060 0.165 0.160 7206 THHEAVY 0.160 -0.005 8044.2 0.160 — — 179.4 6.840 5.810 6.030 5.970 4863 TM 6.010 0.010 6122.9 6.003 27.80 3.56 22,585.2 0.990 0.630 0.960 0.955 0101 TMCLIFE 0.955 -0.005 128.8 0.956 84.51 0.13 1,657.5 1.760 1.153 1.690 1.670 8397 TNLOGIS 1.680 0.010 1606.3 1.676 7.36 2.98 712.9 0.850 0.330 0.800 0.800 7218 TOCEAN 0.800 -0.020 30 0.800 95.24 — 32.8 4.000 2.520 3.610 3.610 5711 TSTORE 3.610 UNCH 2.2 3.610 — 1.04 247.3 0.977 0.760 0.800 0.795 5167 TURBO 0.795 0.035 11.5 0.798 27.99 6.29 85.9 3.000 2.490 2.710 2.710 7137 UMS 2.710 UNCH 4 2.710 13.36 2.21 110.3 1.100 0.675 0.710 0.695 5243 UMWOG 0.700 UNCH 11065.4 0.703 — — 1,513.4 1.228 1.006 1.100 1.090 7091 UNIMECH 1.100 UNCH 45 1.098 13.75 3.03 143.1 0.600 0.365 0.460 0.450 5754 UTUSAN 0.460 0.010 77.2 0.450 — — 50.9 2.040 1.300 1.710 1.660 7250 UZMA 1.700 UNCH 1243.1 1.681 13.72 — 494.6 0.815 0.630 — — 7240 VOIR 0.690 — — — 63.89 — 91.1 2.424 1.680 1.800 1.800 5016 WARISAN 1.800 -0.030 0.2 1.800 — 3.61 121.0 0.515 0.410 — — 7692 WIDETEC 0.435 — — — 15.48 — 19.5 4.590 3.770 4.260 4.210 5246 WPRTS 4.260 0.040 897.8 4.244 23.63 3.07 14,526.6 1.074 0.806 1.010 1.000 5267 XINHWA 1.010 0.010 142 1.008 15.17 1.24 218.2 0.065 0.020 0.040 0.035 7122 YFG 0.035 -0.005 1086.3 0.040 — — 21.3 3.150 2.499 3.150 3.100 7293 YINSON 3.120 0.010 726.3 3.122 17.39 0.64 3,409.5 1.370 0.755 1.270 1.250 7066 YONGTAI 1.260 0.010 430.7 1.257 21.14 — 479.2 1.715 1.433 1.550 1.530 4677 YTL 1.550 0.010 2815.5 1.544 18.70 6.13 16,911.4FINANCE 16.200 10.382 15.820 15.480 5139 AEONCR 15.780 0.280 143.9 15.543 78.51 3.81 2,272.3 2.540 2.053 2.450 2.410 5185 AFFIN 2.440 0.020 159.5 2.430 9.67 3.28 4,740.8 4.197 3.150 3.830 3.790 2488 AFG 3.800 UNCH 962.4 3.800 10.92 3.95 5,882.8 11.340 9.492 11.300 10.940 1163 ALLIANZ 11.260 -0.040 4.6 11.264 6.19 0.80 1,955.9 11.100 9.464 11.080 10.420 1163PA ALLIANZ-PA 10.500 -0.600 6.5 10.499 — 1.03 920.3 4.670 3.855 4.560 4.510 1015 AMBANK 4.540 0.010 4227.2 4.537 10.87 3.41 13,684.4 1.824 1.300 1.370 1.360 5088 APEX 1.370 -0.030 18.2 1.366 19.86 3.65 292.6 4.320 3.123 4.310 4.260 5258 BIMB 4.300 0.010 855.5 4.301 11.63 3.02 7,042.3 9.430 7.969 8.860 8.710 1818 BURSA 8.750 -0.110 579.3 8.762 24.19 4.00 4,692.4 5.100 3.830 5.000 4.960 1023 CIMB 4.970 UNCH 11134.8 4.982 12.12 3.82 44,075.9 0.420 0.310 0.345 0.340 2143 ECM 0.345 0.005 11.6 0.341 78.41 — 98.9 1.195 1.111 1.150 1.140 5228 ELKDESA 1.140 -0.010 866.9 1.140 10.09 5.92 277.2 13.500 12.649 13.400 13.200 5819 HLBANK 13.260 -0.140 636 13.234 13.27 3.09 28,743.9 10.100 7.327 — — 5274 HLCAP 9.980 — — — 36.25 1.20 2,464.0 16.148 12.653 15.000 14.760 1082 HLFG 15.000 0.220 164.6 14.909 12.47 2.53 17,212.8 2.630 2.116 — — 6688 HWANG 2.610 — — — 18.76 1.15 666.0 0.880 0.627 0.880 0.845 3379 INSAS 0.870 0.030 2528.2 0.863 3.50 1.15 603.2 0.990 0.843 0.945 0.945 3379PA INSAS-PA 0.945 UNCH 52 0.945 — 4.23 125.3 0.245 0.105 0.185 0.175 3441 JOHAN 0.180 0.010 3431.1 0.177 — — 112.1 0.555 0.430 0.465 0.460 6483 KENANGA 0.465 0.010 110.7 0.465 10.40 — 336.0 17.380 14.541 17.380 17.220 8621 LPI 17.340 0.160 55.9 17.317 12.57 4.33 5,756.6 0.980 0.870 0.905 0.890 1198 MAA 0.905 0.015 77.5 0.895 22.02 6.63 247.5 3.200 2.690 3.000 3.000 1058 MANULFE 3.000 UNCH 20.7 3.000 23.75 3.00 607.1 8.658 7.500 8.240 8.190 1155 MAYBANK 8.220 0.020 8173.9 8.213 13.37 6.08 83,788.1 1.180 0.685 1.180 1.100 1171 MBSB 1.170 0.060 30121.9 1.147 28.96 2.48 6,784.6 2.500 1.595 2.500 2.450 6459 MNRB 2.480 0.030 264.5 2.471 43.97 — 792.6 1.560 1.160 1.370 1.350 5237 MPHBCAP 1.370 0.010 80.7 1.359 18.24 — 979.6 1.330 1.241 1.270 1.260 6009 P&O 1.270 UNCH 66.6 1.268 — 6.69 312.4 20.280 17.822 20.260 20.160 1295 PBBANK 20.180 -0.020 3776.9 20.197 14.97 2.87 78,341.6 1.520 0.667 1.520 1.480 9296 RCECAP 1.490 UNCH 1567 1.497 8.67 2.35 518.7 6.217 4.514 5.030 4.960 1066 RHBBANK 5.000 0.040 1422.7 5.003 8.61 1.00 20,050.2 0.600 0.435 0.500 0.495 4898 TA 0.500 UNCH 1325.2 0.500 — 1.10 856.0 4.313 3.652 4.140 4.120 6139 TAKAFUL 4.130 0.010 74.6 4.127 19.20 3.80 3,390.5 1.720 1.112 1.440 1.420 5230 TUNEPRO 1.430 0.020 1982.8 1.429 12.37 3.50 1,075.0

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


2 7




PROPERTIES 0.888 0.740 0.885 0.860 1007 AMPROP 0.885 0.035 109.8 0.867 42.75 3.39 536.0 1.270 0.760 1.270 1.200 5959 A&M 1.240 0.040 963.3 1.251 19.11 — 452.7 0.448 0.345 0.425 0.410 1007PA AMPROP-PA 0.425 0.015 9.3 0.422 — 4.71 123.8 0.210 0.145 0.170 0.165 4057 ASIAPAC 0.170 0.005 2181.3 0.170 1.97 — 168.7 0.590 0.415 0.450 0.450 6602 BCB 0.450 UNCH 9 0.450 6.22 — 185.6 0.665 0.440 — — 9814 BERTAM 0.565 — — — — — 116.8 1.010 0.710 0.950 0.880 3239 BJASSET 0.950 0.070 16.3 0.880 — 1.05 1,057.4 1.340 0.900 1.300 1.300 5738 CHHB 1.300 UNCH 18 1.300 — — 358.4 1.723 1.394 1.510 1.500 6718 CRESNDO 1.510 0.010 12.6 1.500 6.72 3.31 423.5 1.629 1.201 1.580 1.570 5049 CVIEW 1.580 0.010 4.2 1.571 6.10 6.33 158.0 2.376 2.073 2.190 2.150 5355 DAIMAN 2.190 -0.010 21.8 2.179 22.62 2.28 464.7 0.910 0.505 0.605 0.570 3484 DBHD 0.595 0.025 449.5 0.593 — — 184.1 1.838 1.400 1.760 1.680 3417 E&O 1.760 0.070 1203.5 1.725 — 1.14 2,221.7 0.285 0.225 0.275 0.270 3557 ECOFIRS 0.275 UNCH 274.2 0.271 24.77 — 220.9 1.510 1.200 1.470 1.450 8206 ECOWLD 1.450 -0.010 2394.5 1.459 26.65 — 4,055.2 0.900 0.570 — — 6076 ENCORP 0.610 — — — 20.68 — 170.0 2.850 1.700 2.420 2.290 8613 ENRA 2.420 0.090 153.1 2.365 28.57 1.24 329.6 0.870 0.710 0.785 0.780 6815 EUPE 0.785 -0.045 6 0.781 — — 100.5 0.563 0.443 0.520 0.505 6041 FARLIM 0.510 UNCH 536.1 0.508 3.40 3.92 71.6 0.827 0.680 0.710 0.700 5020 GLOMAC 0.705 UNCH 545.4 0.705 3.48 5.67 513.1 0.438 0.361 0.405 0.395 9962 GMUTUAL 0.395 UNCH 340 0.401 6.62 2.53 148.4 0.528 0.290 0.415 0.370 1147 GOB 0.415 0.050 10363.3 0.396 — 1.20 188.7 1.337 1.062 1.190 1.170 1503 GUOCO 1.190 -0.010 163.3 1.184 8.57 1.68 833.5 0.600 0.370 — — 7010 HOOVER 0.450 — — — — — 18.0 1.432 1.050 1.120 1.080 5062 HUAYANG 1.110 0.020 729.6 1.100 5.38 8.78 390.7 0.660 0.442 0.605 0.595 4251 IBHD 0.605 UNCH 884.2 0.601 9.42 2.15 607.4 1.062 0.878 0.935 0.935 5084 IBRACO 0.935 -0.005 46 0.935 11.90 3.74 464.1 2.658 2.190 2.440 2.420 1597 IGB 2.430 -0.010 701.3 2.431 10.50 4.12 3,316.5 2.570 1.949 2.140 2.110 5249 IOIPG 2.120 -0.020 3537.2 2.121 7.67 3.77 9,378.1 0.500 0.350 0.480 0.470 5175 IVORY 0.470 -0.005 252.4 0.473 20.61 — 230.3 1.140 0.755 0.910 0.895 1589 IWCITY 0.905 0.010 2365 0.902 — — 666.7 0.235 0.160 0.170 0.170 6769 JKGLAND 0.170 UNCH 30 0.170 6.64 1.76 128.9 0.060 0.040 0.055 0.050 3115 KBUNAI 0.055 UNCH 1318 0.055 — — 317.7 1.008 0.820 — — 7323 KEN 0.850 — — — 5.59 3.53 163.0 1.390 0.995 1.030 0.995 5038 KSL 1.000 UNCH 4551.6 1.004 4.67 7.00 1,037.5 0.425 0.290 0.340 0.325 3174 L&G 0.340 0.015 2647.3 0.333 4.56 5.88 380.6 1.368 1.110 1.200 1.170 8494 LBICAP 1.200 0.030 35 1.181 4.31 5.83 94.3 1.800 1.274 1.780 1.770 5789 LBS 1.770 -0.010 531.7 1.775 12.22 1.98 1,139.1 0.285 0.220 0.250 0.240 3573 LIENHOE 0.250 0.005 113.7 0.245 — — 90.4 1.690 0.897 1.620 1.570 7617 MAGNA 1.620 0.040 1412.7 1.604 1.85 3.70 539.3 1.700 1.187 1.490 1.470 8583 MAHSING 1.490 0.010 116.5 1.482 10.21 4.36 3,590.0 0.875 0.551 0.875 0.800 6181 MALTON 0.865 0.075 8413.8 0.846 10.12 2.89 387.9 2.607 2.147 2.400 2.370 5236 MATRIX 2.400 0.030 395.3 2.383 8.19 6.10 1,373.3 1.250 0.750 1.000 1.000 5182 MCT 1.000 0.005 0.5 1.000 17.12 2.00 1,334.8 0.560 0.455 0.495 0.490 5040 MEDAINC 0.495 0.005 62.4 0.492 — — 243.8 1.070 0.640 0.790 0.765 1694 MENANG 0.790 0.030 245.3 0.774 7.19 — 211.0 0.356 0.250 0.315 0.305 8141 MJPERAK 0.315 0.015 424.3 0.311 3.93 6.79 81.0 3.200 2.070 3.200 3.170 6114 MKH 3.200 0.020 451.5 3.189 6.55 2.19 1,344.3 0.395 0.270 0.310 0.295 8893 MKLAND 0.310 0.015 1218 0.303 21.09 9.68 374.3 0.250 0.085 0.120 0.120 6548 MPCORP 0.120 UNCH 15.5 0.120 — — 34.5 1.520 1.020 1.510 1.470 1651 MRCB 1.480 -0.030 4575.1 1.485 24.92 1.69 3,173.4 0.980 0.610 — — 9539 MUH 0.700 — — — 41.67 — 39.5 0.355 0.230 0.305 0.305 3913 MUIPROP 0.305 UNCH 52 0.305 17.43 — 233.0 2.620 1.350 1.620 1.600 5073 NAIM 1.610 -0.010 142.7 1.603 — — 402.5 3.216 2.446 2.850 2.720 5827 OIB 2.850 0.140 18.8 2.737 10.40 2.81 412.9 1.647 1.390 1.420 1.400 5053 OSK 1.410 UNCH 1787.7 1.408 7.70 3.55 1,978.1 1.610 1.263 1.610 1.600 1724 PARAMON 1.600 -0.010 572.6 1.603 11.34 5.16 676.7 0.585 0.280 0.510 0.500 6912 PASDEC 0.510 0.010 31 0.508 — — 105.0 1.747 1.550 1.580 1.550 5075 PLENITU 1.570 UNCH 176.2 1.552 11.84 2.87 599.0 0.290 0.225 0.275 0.260 2208 PTGTIN 0.275 0.005 100 0.272 5.86 — 95.2 1.400 0.900 0.950 0.950 4596 SAPRES 0.950 UNCH 10 0.950 1.49 3.16 132.6 0.760 0.665 0.685 0.680 5207 SBCCORP 0.680 UNCH 92 0.682 — 0.68 159.7 1.051 0.785 0.870 0.840 2224 SDRED 0.870 UNCH 18 0.850 17.76 2.87 370.7 0.540 0.370 0.540 0.520 4286 SEAL 0.535 0.025 6764.9 0.530 74.31 — 130.0 3.026 2.581 2.870 2.850 6017 SHL 2.870 -0.010 28.5 2.868 8.92 6.97 694.9 0.175 0.130 0.160 0.155 4375 SMI 0.160 UNCH 168.8 0.159 20.25 — 33.6 0.860 0.690 — — 5213 SNTORIA 0.735 — — — 10.78 2.72 359.5 5.400 4.400 4.690 4.520 1783 SPB 4.550 -0.020 194.5 4.594 23.21 2.64 1,563.5 3.560 2.588 3.440 3.370 8664 SPSETIA 3.410 0.020 1055.7 3.421 14.27 4.89 9,730.6 1.070 0.815 1.070 1.040 3743 SUNSURIA 1.040 -0.030 555.5 1.051 20.59 — 830.8 3.188 2.800 3.100 3.060 5211 SUNWAY 3.100 0.030 1211 3.092 9.46 3.55 6,396.0 0.724 0.625 0.690 0.670 1538 SYMLIFE 0.690 0.020 863.4 0.682 9.72 2.90 213.9 0.290 0.215 0.270 0.265 5158 TAGB 0.270 UNCH 2672.6 0.268 44.26 1.22 1,436.9 7.200 6.002 — — 2305 TAHPS 6.500 — — — 26.75 1.54 486.5 0.060 0.035 0.045 0.040 2259 TALAMT 0.045 UNCH 306.4 0.040 — — 189.9 1.547 1.193 1.400 1.370 5191 TAMBUN 1.370 -0.010 216.4 1.384 5.40 6.57 586.4 0.125 0.055 0.065 0.060 2429 TANCO 0.060 -0.005 1050 0.065 — — 22.5 0.350 0.170 0.205 0.205 7889 THRIVEN 0.205 0.005 32 0.205 — — 77.2 0.080 0.040 0.045 0.040 7079 TIGER 0.040 -0.005 267.6 0.042 — — 55.6 1.930 1.350 1.690 1.670 5239 TITIJYA 1.690 UNCH 808.2 1.687 9.20 0.30 681.6 1.120 0.951 0.995 0.985 5401 TROP 0.995 0.005 149.8 0.991 16.86 4.52 1,440.2 1.250 0.922 1.150 1.090 5148 UEMS 1.120 0.020 12636.1 1.125 32.94 1.43 5,081.9 2.770 1.896 2.440 2.380 5200 UOADEV 2.400 -0.050 2081.5 2.411 8.38 6.25 3,917.9 1.206 0.935 — — 2976 WINGTM 0.980 — — — 43.17 3.06 477.6 1.279 0.846 — — 7003 Y&G 1.110 — — — 14.29 — 221.3 1.840 1.440 1.520 1.500 3158 YNHPROP 1.520 UNCH 64 1.505 22.93 — 804.1 0.665 0.550 0.600 0.585 2577 YTLLAND 0.595 0.005 193.9 0.590 44.74 — 502.4MINING 1.280 1.150 1.200 1.180 2186 KUCHAI 1.200 UNCH 16 1.188 — 0.71 148.5PLANTATIONS 0.367 0.195 0.220 0.220 7054 AASIA 0.220 UNCH 16.5 0.220 — — 145.2 19.600 16.899 19.600 19.100 1899 BKAWAN 19.600 0.500 54.9 19.404 9.64 2.81 8,544.6 9.178 8.380 — — 5069 BLDPLNT 8.630 — — — 89.90 0.23 806.9 1.750 1.295 1.750 1.720 5254 BPLANT 1.750 0.030 867.9 1.737 15.85 8.00 2,800.0 0.970 0.620 0.945 0.930 8982 CEPAT 0.940 0.005 654.5 0.936 19.75 1.60 299.3 8.000 7.253 7.900 7.800 1929 CHINTEK 7.810 -0.090 12.2 7.875 40.20 2.18 713.5 0.500 0.385 0.450 0.435 3948 DUTALND 0.450 0.020 660.5 0.442 — — 380.8 8.600 7.150 8.300 8.300 5029 FAREAST 8.300 0.010 1 8.300 10.92 3.01 1,173.5 2.520 1.293 1.910 1.830 5222 FGV 1.850 0.010 20168.6 1.877 — 2.16 6,749.1 11.495 10.161 11.440 11.280 2291 GENP 11.440 0.140 1296.2 11.313 39.79 0.44 9,101.8 0.675 0.500 0.625 0.620 7382 GLBHD 0.620 -0.005 190 0.622 2.34 — 138.2 1.580 1.180 1.210 1.200 2135 GOPENG 1.210 UNCH 16 1.207 44.81 3.31 217.0 0.950 0.790 — — 7501 HARNLEN 0.850 — — — — — 157.7 2.700 2.155 2.700 2.680 5138 HSPLANT 2.690 UNCH 117 2.690 18.51 2.97 2,152.0 3.746 3.220 3.580 3.500 2216 IJMPLNT 3.500 0.100 3.1 3.503 40.75 1.43 3,082.0 0.735 0.646 — — 2607 INCKEN 0.685 — — — — 1.71 288.2 1.500 0.550 1.480 1.430 6262 INNO 1.480 -0.010 2.1 1.432 27.92 — 707.6 4.985 4.025 4.710 4.600 1961 IOICORP 4.660 0.040 11174.6 4.647 20.34 1.72 30,112.1 25.160 22.464 25.160 24.520 2445 KLK 25.160 0.660 1389.7 24.959 16.83 1.99 26,858.4 3.339 2.991 3.200 3.200 2453 KLUANG 3.200 0.070 1.3 3.200 29.47 0.31 202.2 3.480 2.768 3.450 3.430 5027 KMLOONG 3.440 UNCH 135.1 3.449 16.00 3.78 1,072.6 0.633 0.491 0.545 0.535 1996 KRETAM 0.540 UNCH 744.3 0.540 65.06 1.85 1,256.9 1.650 1.160 — — 6572 KWANTAS 1.500 — — — 38.96 — 467.5 1.750 1.300 1.420 1.420 4936 MALPAC 1.420 -0.060 5 1.420 — — 106.5 0.980 0.770 0.960 0.935 5026 MHC 0.960 0.025 71.1 0.950 37.50 1.56 188.7 2.350 2.060 — — 5047 NPC 2.250 — — — 5.35 0.44 270.0 4.434 3.693 4.200 4.200 2038 NSOP 4.200 -0.040 13.2 4.200 104.7 1.43 294.8 0.350 0.190 0.280 0.270 1902 PINEPAC 0.280 UNCH 18 0.272 — — 41.9 1.100 0.920 1.000 1.000 9695 PLS 1.000 UNCH 1.2 1.000 — — 326.7 0.610 0.470 0.530 0.520 5113 RSAWIT 0.520 -0.010 386 0.525 — — 737.6 4.015 3.346 3.950 3.950 2542 RVIEW 3.950 UNCH 1 3.950 56.43 1.52 256.2 3.179 2.900 3.050 3.030 2569 SBAGAN 3.030 -0.060 7 3.040 54.50 0.66 201.0 0.825 0.450 0.580 0.560 4316 SHCHAN 0.580 0.025 38.2 0.572 37.66 — 66.7 4.686 3.292 3.890 3.840 5126 SOP 3.860 -0.030 647.4 3.856 12.54 1.23 2,200.7 2.060 1.700 1.770 1.760 5135 SWKPLNT 1.760 UNCH 314.8 1.761 26.59 4.26 492.8 0.795 0.636 0.785 0.775 2054 TDM 0.785 UNCH 1825.6 0.779 12.06 1.53 1,181.8 1.310 1.050 1.180 1.150 5112 THPLANT 1.170 0.010 212.8 1.169 16.23 — 1,034.1 1.890 1.330 1.870 1.870 5251 TMAKMUR 1.870 UNCH 195.8 1.870 16.02 8.02 744.6 2.177 1.800 1.920 1.910 9059 TSH 1.920 0.010 21.5 1.914 295.38 1.04 2,583.2 6.042 5.456 5.810 5.790 2593 UMCCA 5.800 UNCH 172.7 5.800 21.32 2.76 1,213.5 28.117 23.782 27.900 27.800 2089 UTDPLT 27.900 UNCH 3 27.867 19.21 1.43 5,806.9HOTELS 0.627 0.500 0.600 0.555 5592 GCE 0.600 0.045 75 0.594 — 3.33 118.2 0.990 0.680 0.740 0.725 1643 LANDMRK 0.740 -0.010 179.6 0.736 — — 355.8 0.345 0.115 — — 1287 PMHLDG 0.140 — — — — — 130.0 5.839 4.774 5.250 5.200 5517 SHANG 5.250 0.010 46 5.236 20.73 2.67 2,310.0TECHNOLOGY 0.800 0.585 — — 7031 AMTEL 0.675 — — — 137.76 — 33.3 0.295 0.180 0.235 0.225 5195 CENSOF 0.235 0.010 1252.4 0.230 8.83 — 117.9 0.250 0.090 0.220 0.200 0051 CUSCAPI 0.215 UNCH 5208 0.211 — — 93.6 0.380 0.250 0.375 0.365 7204 D&O 0.375 0.015 3415.8 0.369 38.66 — 371.2 0.265 0.110 0.265 0.255 8338 DATAPRP 0.255 UNCH 3468.4 0.260 — — 107.5 0.200 0.150 0.175 0.160 0029 DIGISTA 0.175 0.015 9313.8 0.168 6.16 — 98.6 1.710 1.330 1.410 1.380 5162 ECS 1.400 UNCH 48 1.392 9.06 4.29 252.0 1.949 0.836 1.480 1.450 0065 EFORCE 1.470 0.030 236.9 1.460 51.58 2.04 304.1 1.600 0.902 1.590 1.550 0090 ELSOFT 1.580 0.010 89 1.572 14.81 3.06 429.3 0.990 0.730 0.950 0.930 0021 GHLSYS 0.940 0.010 464.6 0.940 36.15 — 615.4 0.315 0.210 0.260 0.250 0082 GPACKET 0.255 UNCH 4284.3 0.254 — — 176.1 0.270 0.175 0.205 0.195 0056 GRANFLO 0.205 0.015 569 0.201 — 2.44 99.0 5.395 2.686 4.420 4.310 7022 GTRONIC 4.350 0.030 1061.5 4.350 34.91 1.38 1,226.3 0.650 0.510 0.585 0.585 5028 HTPADU 0.585 UNCH 319 0.585 — 3.42 59.2 1.840 1.254 1.830 1.800 0166 INARI 1.830 0.020 5594.7 1.818 23.02 2.16 3,557.0 0.185 0.075 0.180 0.170 9393 ITRONIC 0.170 -0.005 354.7 0.173 — — 17.5 0.697 0.475 0.650 0.625 5161 JCY 0.640 UNCH 10913.3 0.640 — 7.81 1,328.7 10.400 3.837 10.260 10.040 9334 KESM 10.080 -0.100 14.2 10.092 13.28 0.30 433.6 0.235 0.060 0.095 0.090 0143 KEYASIC 0.090 UNCH 465.2 0.090 — — 76.6 8.490 6.647 8.380 8.320 3867 MPI 8.370 0.050 596 8.363 9.22 2.75 1,756.7 1.400 0.845 1.060 1.060 5011 MSNIAGA 1.060 0.010 2 1.060 — — 64.0 0.870 0.352 0.870 0.825 0083 NOTION 0.860 0.020 3270.9 0.850 40.76 2.33 232.6 0.550 0.410 0.445 0.440 9008 OMESTI 0.440 -0.005 48.1 0.441 — — 189.3 0.320 0.210 0.290 0.285 0041 PANPAGE 0.290 0.005 152.8 0.287 — — 70.0 1.640 0.560 1.640 1.580 7160 PENTA 1.630 0.060 2983.6 1.613 12.56 — 238.9 0.475 0.240 0.300 0.265 9075 THETA 0.300 0.020 13.8 0.280 3.22 — 32.2

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)

0.110 0.035 0.090 0.085 0118 TRIVE 0.090 UNCH 8875 0.090 — — 120.3 2.683 1.893 2.610 2.530 5005 UNISEM 2.610 0.030 1644.4 2.583 11.18 4.21 1,915.3 3.968 3.139 — — 0097 VITROX 3.880 — — — 16.43 0.77 910.9 0.810 0.615 0.795 0.785 0008 WILLOW 0.790 0.005 416.3 0.790 10.44 2.53 195.9INFRASTRUCTURE PROJECT COMPANIES 5.110 4.151 5.110 5.010 6947 DIGI 5.100 0.050 8051 5.094 24.29 4.10 39,652.5 6.060 4.719 5.940 5.920 6645 LITRAK 5.920 0.020 118.6 5.924 14.63 3.38 3,112.9 1.480 0.880 0.960 0.940 6807 PUNCAK 0.950 UNCH 899.5 0.952 — — 426.8 0.500 0.330 0.445 0.435 5078 SILKHLD 0.440 -0.005 1329.4 0.440 — — 308.7 8.420 6.894 8.020 7.920 5031 TIMECOM 8.000 UNCH 667.2 8.001 14.02 1.66 4,626.4 1.539 1.295 1.440 1.430 6742 YTLPOWR 1.440 0.010 1451.9 1.436 10.88 6.94 11,725.9CLOSED-END FUNDS 2.580 2.240 2.420 2.420 5108 ICAP 2.420 0.010 6.2 2.420 10.76 — 338.8EXCHANGE TRADED FUNDS 1.124 1.070 — — 0800EA ABFMY1 1.115 — — — — 5.09 1,472.3 1.845 1.555 1.840 1.840 0822EA CIMBA40 1.840 UNCH 0.6 1.840 — 3.57 2.5 1.425 1.015 1.400 1.390 0823EA CIMBC50 1.400 0.015 49 1.394 — — 15.5 1.785 1.680 — — 0820EA FBMKLCI-EA 1.740 — — — — 1.90 2.9 1.020 0.910 1.020 1.015 0826EA METFAPA 1.020 0.010 30.4 1.018 — — 19.4 0.952 0.857 — — 0825EA METFSID 0.931 — — — — 2.31 49.3 1.145 1.035 — — 0821EA MYETFDJ 1.075 — — — — 2.20 300.0 1.050 0.974 — — 0824EA MYETFID 1.025 — — — — 3.07 52.9REITS 1.090 0.960 0.995 0.995 4952 AHP 0.995 0.015 38.4 0.995 119.88 4.52 218.9 1.690 1.319 1.690 1.620 5116 ALAQAR 1.620 -0.010 52.2 1.642 16.68 4.75 1,179.7 1.080 0.890 1.060 1.050 5269 ALSREIT 1.050 -0.010 36 1.059 15.40 5.71 609.0 0.855 0.665 0.825 0.815 5120 AMFIRST 0.820 -0.005 298.5 0.821 8.79 6.10 562.8 0.940 0.792 0.935 0.930 5127 ARREIT 0.935 UNCH 53.6 0.932 8.87 6.83 536.0 1.130 1.003 — — 5130 ATRIUM 1.130 — — — 11.93 4.96 137.6 1.757 1.388 1.670 1.650 5106 AXREIT 1.650 -0.030 243.6 1.656 14.86 5.00 1,823.5 1.710 1.355 1.700 1.680 5180 CMMT 1.700 0.020 948.1 1.690 20.53 4.96 3,453.5 1.669 1.399 1.610 1.600 5121 HEKTAR 1.610 UNCH 25 1.604 292.73 6.52 645.0 1.770 1.319 1.750 1.730 5227 IGBREIT 1.740 -0.010 6790.9 1.747 21.75 5.01 6,087.1 8.194 6.477 7.840 7.780 5235SS KLCC 7.820 0.060 385.3 7.807 15.94 4.56 14,117.7 1.350 0.963 1.350 1.330 5123 MQREIT 1.330 UNCH 162.6 1.332 15.63 9.54 1,420.4 1.910 1.488 1.860 1.820 5212 PAVREIT 1.830 -0.030 218.2 1.837 17.70 4.50 5,531.2 1.810 1.395 1.790 1.760 5176 SUNREIT 1.770 UNCH 2603.6 1.776 16.12 5.27 5,212.8 1.230 1.170 1.230 1.210 5111 TWRREIT 1.230 0.020 130 1.228 16.47 5.63 345.0 1.850 1.459 1.820 1.780 5110 UOAREIT 1.800 -0.050 19.5 1.800 15.33 5.82 761.2 1.240 0.934 1.220 1.210 5109 YTLREIT 1.210 UNCH 110.1 1.215 378.13 7.14 2,062.3SPAC 0.720 0.670 — — 5234 CLIQ 0.720 — — — — — 454.3 0.745 0.595 0.655 0.640 5256 REACH 0.650 0.005 3036.1 0.646 — — 712.7 0.480 0.425 — — 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 0.328 0.195 0.240 0.225 0179 BIOHLDG 0.235 0.010 14094 0.233 17.28 — 188.0 0.320 0.100 0.265 0.260 0170 KANGER 0.260 -0.005 417 0.261 13.00 — 207.6 0.350 0.200 0.250 0.245 0148 SUNZEN 0.245 Unch 780 0.250 — — 117.4 0.060 0.025 0.040 0.035 0095 XINGHE 0.040 Unch 2721 0.036 3.96 — 93.9INDUSTRIAL PRODUCTS 0.280 0.140 0.160 0.155 0105 ASIAPLY 0.160 Unch 673.6 0.155 6.87 3.75 48.5 0.095 0.030 0.040 0.030 0072 AT 0.035 Unch 4685.8 0.035 — — 30.3 0.515 0.245 0.270 0.265 0163 CAREPLS 0.270 0.005 425.2 0.269 540.00 1.11 130.5 0.160 0.080 0.155 0.150 0102 CONNECT 0.150 Unch 1310 0.151 — — 43.3 0.642 0.430 0.505 0.485 0100 ESCERAM 0.500 0.015 1097.5 0.496 11.55 1.20 102.8 0.485 0.250 0.315 0.305 0175 HHGROUP 0.315 0.015 721.7 0.309 — — 97.2 0.125 0.065 0.090 0.085 0160 HHHCORP 0.090 Unch 40 0.086 — — 30.0 0.270 0.140 0.250 0.245 0162 IJACOBS 0.245 0.005 145 0.245 10.12 — 33.2 0.145 0.085 0.145 0.130 0024 JAG 0.140 0.015 30435 0.136 — — 160.1 0.175 0.120 0.140 0.135 0025 LNGRES 0.140 0.010 1218 0.139 — — 33.9 0.150 0.040 0.050 0.045 0070 MQTECH 0.045 -0.005 1396.7 0.045 — — 18.7 0.445 0.307 0.445 0.410 0049 OCNCASH 0.430 0.020 7886.1 0.429 11.23 1.63 95.9 0.195 0.115 0.170 0.165 0038 PTB 0.170 0.005 1225.5 0.167 24.64 — 25.6 0.190 0.060 0.070 0.065 0133 SANICHI 0.065 -0.005 3593.3 0.066 6.84 — 55.8 0.060 0.025 0.040 0.030 0109 SCBUILD 0.035 Unch 11949.3 0.035 — — 30.8 0.155 0.100 0.145 0.140 0001 SCOMNET 0.145 0.005 3180.2 0.144 10.00 2.76 35.2 0.210 0.120 0.160 0.155 0028 SCOPE 0.160 Unch 627.2 0.156 43.24 — 88.9 0.175 0.110 0.170 0.160 0055 SERSOL 0.165 0.010 4477.4 0.166 — — 35.5 0.239 0.171 0.215 0.205 0084 TECFAST 0.215 0.020 626.7 0.210 15.03 2.33 36.8TECHNOLOGY 0.320 0.160 0.300 0.290 0018 ACCSOFT 0.300 0.005 2526.5 0.295 — — 249.8 0.490 0.160 0.325 0.310 0181 AEMULUS 0.325 0.015 7132.3 0.319 — — 142.6 0.370 0.100 0.350 0.340 0119 APPASIA 0.350 0.005 975.5 0.345 — — 99.3 0.470 0.155 0.215 0.205 0068 ASDION 0.205 0.005 232.6 0.214 — — 23.8 1.190 0.710 0.950 0.930 0098 BAHVEST 0.935 -0.015 343.3 0.935 — — 511.0 0.075 0.030 0.040 0.035 0152 DGB 0.040 0.005 2215.9 0.035 — — 19.6 0.070 0.020 0.040 0.040 0131 DGSB 0.040 Unch 1208.3 0.040 17.39 — 54.2 0.130 0.050 0.060 0.050 0154 EAH 0.055 0.005 11676.1 0.055 — — 82.0 0.310 0.180 0.210 0.195 0107 EDUSPEC 0.195 -0.005 2163.1 0.202 37.50 — 178.6 0.090 0.050 0.085 0.085 0116 FOCUS 0.085 -0.005 5390 0.085 — — 66.1 0.955 0.815 0.910 0.890 0104 GENETEC 0.900 -0.050 77 0.903 — — 31.7 0.550 0.440 0.510 0.500 0039 GFM 0.510 0.010 4325.4 0.507 — — 218.3 0.060 0.030 — — 0045 GNB 0.050 — — — — — 14.4 0.115 0.070 0.090 0.085 0074 GOCEAN 0.090 Unch 255 0.085 — — 23.7 0.075 0.040 0.045 0.045 0174 IDMENSN 0.045 Unch 140 0.045 — — 22.3 0.830 0.230 0.455 0.435 0023 IFCAMSC 0.445 0.005 40101.6 0.447 — 2.25 270.7 0.100 0.070 0.080 0.080 0094 INIX 0.080 -0.005 3755.1 0.080 — — 20.3 0.240 0.100 0.135 0.125 0010 IRIS 0.130 Unch 11857.4 0.130 — — 292.1 0.824 0.450 — — 0146 JFTECH 0.495 — — — 137.5 2.02 62.4 2.030 0.425 2.020 1.960 0127 JHM 2.020 0.060 434.8 1.991 16.79 — 249.9 0.310 0.130 0.200 0.185 0111 K1 0.195 0.010 10056.7 0.194 55.71 2.56 92.2 0.080 0.030 0.045 0.045 0036 KGROUP 0.045 Unch 40 0.045 — — 36.9 0.360 0.155 0.360 0.345 0176 KRONO 0.350 Unch 2591.7 0.352 9.94 — 86.8 0.325 0.045 0.055 0.055 0017 M3TECH 0.055 Unch 510.4 0.055 — — 32.3 0.300 0.050 0.240 0.235 0075 MEXTER 0.240 0.005 20.4 0.236 — — 48.2 0.680 0.420 0.480 0.480 0155 MGRC 0.480 Unch 4 0.480 27.27 — 49.7 1.880 0.930 1.010 0.990 0126 MICROLN 1.000 Unch 80 1.002 — — 167.4 0.585 0.416 0.580 0.570 0112 MIKROMB 0.570 -0.010 1680.4 0.572 16.72 1.93 174.9 0.135 0.060 — — 0085 MLAB 0.070 — — — — — 13.1 0.070 0.040 0.050 0.050 0034 MMAG 0.050 Unch 785 0.050 — — 47.7 0.719 0.443 0.650 0.625 0113 MMSV 0.650 0.030 2604.6 0.639 13.66 3.08 106.0 0.245 0.060 0.070 0.060 0103 MNC 0.065 Unch 5443.5 0.065 — — 24.6 0.260 0.145 0.240 0.230 0156 MPAY 0.240 0.010 9523.3 0.235 — — 170.5 0.195 0.065 0.085 0.075 0092 MTOUCHE 0.085 0.010 1527 0.082 16.04 — 21.6 0.937 0.625 0.740 0.730 0108 N2N 0.730 -0.010 20.7 0.730 29.80 2.74 347.8 0.060 0.015 0.025 0.025 0020 NETX 0.025 0.005 20 0.025 — — 31.3 0.080 0.035 0.040 0.035 0096 NEXGRAM 0.035 -0.005 1661 0.039 10.94 — 65.9 0.125 0.075 0.100 0.095 0026 NOVAMSC 0.095 0.005 3924.4 0.095 79.17 — 64.9 0.760 0.555 0.620 0.610 0035 OPCOM 0.620 0.015 264 0.615 13.30 3.23 100.0 0.420 0.266 0.370 0.360 0040 OPENSYS 0.360 -0.005 1287.6 0.365 18.37 2.78 107.2 0.730 0.140 0.240 0.225 0079 ORION 0.240 0.015 4649.8 0.235 — — 31.9 0.110 0.035 0.065 0.060 0005 PALETTE 0.060 Unch 1044 0.061 11.76 — 19.2 0.210 0.135 0.195 0.185 0123 PRIVA 0.195 0.010 7259.5 0.191 42.39 1.03 108.8 0.110 0.055 0.085 0.080 0007 PUC 0.085 0.005 811.2 0.084 53.13 — 92.2 0.675 0.429 0.675 0.640 0106 REXIT 0.665 0.040 1703.3 0.657 17.45 6.02 125.9 0.060 0.010 — — 0135 SCN 0.010 — — — — — 2.0 0.451 0.225 0.305 0.295 0178 SEDANIA 0.295 Unch 2567.3 0.299 — 3.39 59.0 0.095 0.055 0.070 0.060 0060 SKH 0.065 0.005 9251.9 0.066 — — 36.0 0.260 0.160 0.190 0.175 0117 SMRT 0.180 0.005 1616 0.182 — — 53.5 0.110 0.025 0.040 0.035 0169 SMTRACK 0.040 Unch 1594 0.040 — — 13.9 0.325 0.232 0.320 0.315 0093 SOLUTN 0.320 0.005 2332.1 0.316 11.59 4.16 97.9 0.155 0.080 0.130 0.120 0129 SRIDGE 0.130 0.005 115 0.124 — — 15.7 0.265 0.140 0.265 0.250 0050 SYSTECH 0.260 0.015 10847.5 0.257 38.81 0.77 82.5 0.190 0.110 0.145 0.145 0132 TDEX 0.145 Unch 85 0.145 145.00 — 59.9 0.520 0.175 0.500 0.480 0120 VIS 0.495 0.010 4288.1 0.492 41.95 — 54.8 0.291 0.150 0.165 0.155 0069 VIVOCOM 0.160 0.005 27131.3 0.160 7.92 — 517.5 0.135 0.065 0.080 0.075 0066 VSOLAR 0.075 -0.005 120 0.077 — — 25.0 0.070 0.025 0.055 0.050 0141 WINTONI 0.050 -0.005 3411.1 0.053 — — 25.7 0.160 0.080 0.130 0.120 0086 YGL 0.130 0.005 626.6 0.126 650.00 — 25.2 0.600 0.505 — — 0009 YTLE 0.560 — — — 21.46 7.14 756.0TRADING SERVICES 0.300 0.150 — — 0122 AIM 0.250 — — — — — 66.5 0.125 0.060 0.090 0.090 0048 ANCOMLB 0.090 0.005 0.4 0.090 — — 42.6 0.060 0.035 0.060 0.050 0150 ASIABIO 0.060 Unch 7602.7 0.056 — — 64.4 0.275 0.160 0.185 0.175 0187 BCMALL 0.185 0.010 2174 0.182 — — 77.9 0.379 0.213 0.355 0.335 0011 BTECH 0.355 0.015 181 0.342 14.31 3.83 89.5 0.295 0.170 — — 0157 FOCUSP 0.245 — — — — — 40.4 0.665 0.390 0.520 0.515 0185 HSSEB 0.520 0.005 350 0.519 14.44 — 165.9 0.790 0.390 — — 0147 INNITY 0.725 — — — 19.86 — 100.3 0.440 0.235 0.275 0.265 0180 KTC 0.275 0.005 1548.4 0.270 343.75 — 140.3 0.250 0.130 0.150 0.150 0167 MCLEAN 0.150 Unch 14 0.150 4.89 — 26.8 0.515 0.320 0.335 0.335 0081 MEGASUN 0.335 -0.005 10 0.335 16.75 — 63.6 0.230 0.155 — — 0153 OVERSEA 0.175 — — — — 1.71 43.1 0.225 0.145 0.155 0.145 0177 PASUKGB 0.155 0.005 899.3 0.152 — — 62.9 0.335 0.230 — — 0006 PINEAPP 0.260 — — — — — 12.6 0.259 0.201 0.250 0.235 0171 PLABS 0.240 -0.005 152.4 0.240 15.00 2.92 49.6 0.020 0.005 — — 0110 RA 0.005 — — — — — 4.8 0.370 0.160 0.190 0.185 0080 RAYA 0.190 Unch 492 0.186 — — 31.2 0.565 0.280 0.350 0.320 0032 REDTONE 0.340 0.025 532.3 0.330 — 0.59 257.5 0.620 0.480 0.580 0.570 0173 REV 0.570 -0.030 63.7 0.575 9.28 — 76.7 2.179 1.610 1.680 1.680 0158 SCC 1.680 -0.070 0.1 1.680 10.61 5.95 71.9 0.213 0.135 0.175 0.175 0161 SCH 0.175 -0.005 80 0.175 87.50 4.86 72.1 0.650 0.445 0.575 0.565 0137 STEMLFE 0.565 -0.005 263.1 0.568 313.89 — 139.8 0.190 0.100 0.190 0.125 0140 STERPRO 0.190 0.070 71529.2 0.179 — — 47.0 1.490 0.955 1.130 1.120 0089 TEXCYCL 1.130 0.020 33 1.124 27.16 0.66 193.0 0.200 0.100 — — 0145 TFP 0.140 — — — 1400 — 28.7 0.215 0.100 0.110 0.100 0165 XOX 0.105 0.005 11020.6 0.105 — — 66.3FINANCE 0.530 0.395 0.455 0.450 0053 OSKVI 0.455 -0.005 7.5 0.451 5.60 — 89.9

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 FEBRUARY 7, 2017 • THEEDGE FINANCIAL DAILY 2 8

Bursa Malaysia Equity Derivatives

0.200 0.045 0.080 0.070 5238C1 AAX-C1 0.075 0.005 4555.5 0.420 0.350 19.05 10/07/2017 0.095 0.035 0.055 0.050 5238C2 AAX-C2 0.050 Unch 300 0.420 0.500 30.95 31/05/2017 0.130 0.055 0.090 0.080 5238C3 AAX-C3 0.080 -0.010 13948 0.420 0.410 16.67 31/05/2017 0.150 0.035 0.060 0.060 5238CW AAX-CW 0.060 0.005 218.8 0.420 0.420 14.29 10/04/2017 0.340 0.060 0.230 0.210 5238WA AAX-WA 0.230 0.015 5267.3 0.420 0.460 64.29 08/06/2020 0.270 0.085 0.270 0.230 0018WA ACCSOFT-WA 0.270 0.030 2981.3 0.300 0.100 23.33 18/01/2019 0.380 0.130 0.300 0.260 5185CV AFFIN-CV 0.300 -0.010 127 2.440 2.150 0.41 31/07/2017 0.150 0.050 0.090 0.075 7315WB AHB-WB 0.090 0.015 1203 0.190 0.200 52.63 28/08/2019 0.460 0.080 0.200 0.180 509934 AIRASIAC34 0.200 0.015 4965.4 2.650 2.000 -1.89 28/02/2017 0.460 0.085 0.215 0.195 509935 AIRASIAC35 0.215 0.025 1501 2.650 2.000 -0.19 17/02/2017 0.280 0.035 0.085 0.075 509938 AIRASIAC38 0.080 Unch 1157 2.650 2.650 10.57 28/04/2017 0.320 0.045 0.065 0.065 509939 AIRASIAC39 0.065 0.005 30 2.650 2.700 9.25 17/03/2017 0.255 0.010 0.010 0.010 509940 AIRASIAC40 0.010 -0.005 320 2.650 3.300 25.74 28/02/2017 0.115 0.095 0.115 0.115 509944 AIRASIAC44 0.115 0.005 100 2.650 3.080 29.25 28/08/2017 0.205 0.080 0.130 0.120 509945 AIRASIAC45 0.125 0.005 293.6 2.650 2.900 23.58 31/05/2017 0.245 0.110 0.185 0.170 509946 AIRASIAC46 0.185 0.015 7063.8 2.650 2.500 15.28 31/05/2017 0.175 0.070 0.170 0.160 509947 AIRASIAC47 0.165 Unch 2167.5 2.650 2.600 16.79 31/10/2017 0.275 0.185 0.250 0.235 509949 AIRASIAC49 0.250 0.015 2777.8 2.650 2.150 9.43 31/07/2017 0.190 0.025 0.060 0.035 5014CP AIRPORT-CP 0.060 0.030 348.2 6.600 6.450 4.09 28/04/2017 0.260 0.160 0.230 0.220 7609WA AJIYA-WA 0.230 0.010 2581 0.740 0.920 55.41 28/08/2021 0.245 0.085 0.225 0.220 1015CX AMBANK-CX 0.220 0.005 57 4.540 4.150 3.52 29/09/2017 0.090 0.040 0.050 0.050 9342WA ANZO-WA 0.050 -0.005 50 0.250 0.250 20.00 19/11/2019 0.045 0.015 0.020 0.020 5194WA APFT-WA 0.020 Unch 7 0.050 0.400 740.00 13/07/2018 0.270 0.050 0.210 0.200 0119WA APPASIA-WA 0.205 0.005 2193.5 0.350 0.130 -4.29 23/12/2024 0.140 0.025 0.025 0.025 521019 ARMADA-C19 0.025 -0.010 20 0.625 0.720 21.20 17/03/2017 0.110 0.030 0.050 0.040 521020 ARMADA-C20 0.045 -0.005 2084.9 0.625 0.675 15.20 18/05/2017 0.050 0.050 0.050 0.050 521023 ARMADA-C23 0.050 -0.100 180 0.625 0.700 24.00 31/07/2017 0.120 0.100 0.110 0.105 521024 ARMADA-C24 0.110 0.010 1010.9 0.625 0.600 13.60 30/11/2017 0.095 0.085 0.090 0.085 521025 ARMADA-C25 0.090 0.005 501.6 0.625 0.630 19.52 31/07/2017 0.025 0.015 0.025 0.020 0150WA ASIABIO-WA 0.025 0.005 1050.1 0.060 0.100 108.33 19/04/2024 0.175 0.055 0.080 0.080 0105WA ASIAPLY-WA 0.080 -0.005 343.1 0.160 0.100 12.50 13/12/2020 0.110 0.070 0.100 0.100 6399CZ ASTRO-CZ 0.100 0.005 50 2.820 2.850 9.93 15/06/2017 0.200 0.095 0.120 0.120 7099WB ATTA-WB 0.120 -0.065 15.7 0.660 1.000 69.70 09/05/2022 0.035 0.010 0.020 0.015 0072WA AT-WA 0.020 0.005 110.9 0.035 0.090 214.29 28/01/2019 0.030 0.020 0.030 0.025 0072WB AT-WB 0.030 0.005 15 0.035 0.030 71.43 17/10/2019 0.110 0.045 0.095 0.095 688810 AXIATA-C10 0.095 0.035 6 5.080 5.100 9.74 30/06/2017 0.225 0.070 0.225 0.200 688815 AXIATA-C15 0.220 0.025 480 5.080 4.650 4.53 31/10/2017 0.130 0.010 0.025 0.025 6888C9 AXIATA-C9 0.025 0.005 225 5.080 5.600 12.20 31/03/2017 0.380 0.190 0.275 0.250 7078WA AZRB-WA 0.250 -0.010 64 0.645 0.700 47.29 13/05/2024 0.210 0.005 0.005 0.005 5248CN BAUTO-CN 0.005 -0.020 60 2.080 2.128 2.77 28/02/2017 0.175 0.120 0.140 0.140 7241WA BHS-WA 0.140 -0.005 418.2 0.425 0.600 74.12 18/10/2020 0.385 0.225 0.315 0.300 5258WA BIMB-WA 0.315 0.005 931.7 4.300 4.720 17.09 04/12/2023 0.170 0.070 0.120 0.115 6998WA BINTAI-WA 0.120 Unch 476.8 0.250 0.200 28.00 15/06/2020 0.130 0.095 0.125 0.115 0179WA BIOHLDG-WA 0.120 Unch 2541.3 0.235 0.220 44.68 05/01/2022 0.055 0.020 0.045 0.035 3395C2 BJCORP-C2 0.040 Unch 70 0.405 0.369 2.59 28/02/2017 0.160 0.060 0.115 0.095 3395WB BJCORP-WB 0.115 0.025 5399.5 0.405 1.000 175.31 22/04/2022 0.165 0.050 0.120 0.100 3395WC BJCORP-WC 0.115 0.020 46272.6 0.405 1.000 175.31 29/05/2026 0.070 0.035 0.065 0.065 7187WA BKOON-WA 0.065 Unch 145.8 0.155 0.200 70.97 07/07/2023 0.145 0.060 0.085 0.080 7036WB BORNOIL-WB 0.085 0.010 449.4 0.170 0.100 8.82 28/02/2018 0.125 0.070 0.095 0.085 7036WC BORNOIL-WC 0.095 0.005 29360.7 0.170 0.100 14.71 08/11/2025 0.135 0.060 0.075 0.075 9938WB BRIGHT-WB 0.075 -0.010 8.6 0.330 0.820 171.21 12/01/2019 0.105 0.040 0.085 0.080 7188WA BTM-WA 0.085 Unch 217.5 0.295 0.940 247.46 20/12/2019 0.100 0.065 0.070 0.065 181811 BURSA-C11 0.065 -0.010 200.1 8.750 8.900 5.43 30/11/2017 1.310 0.950 1.140 1.100 7174WA CAB-WA 1.110 0.010 553.9 1.710 0.550 -2.92 08/02/2020 0.125 0.110 0.125 0.125 7076CD CBIP-CD 0.125 0.005 240 2.040 2.000 10.29 18/08/2017 0.505 0.290 0.380 0.360 7076WA CBIP-WA 0.380 0.030 601.7 2.040 2.400 36.27 06/11/2019 0.120 0.045 0.060 0.060 5195WB CENSOF-WB 0.060 Unch 49.8 0.235 0.460 121.28 07/10/2019 0.225 0.100 0.160 0.155 102312 CIMB-C12 0.160 Unch 286.3 4.970 4.500 3.42 17/03/2017 0.170 0.110 0.170 0.150 102317 CIMB-C17 0.170 0.020 165 4.970 4.750 9.26 31/05/2017 0.125 0.020 0.020 0.020 2852CQ CMSB-CQ 0.020 -0.005 10 4.190 4.200 2.15 22/02/2017 0.095 0.040 0.080 0.075 0102WA CONNECT-WA 0.080 0.005 419 0.150 0.100 20.00 17/09/2021 0.085 0.035 0.085 0.075 0102WB CONNECT-WB 0.085 0.010 80.2 0.150 0.100 23.33 07/06/2021 0.150 0.020 0.115 0.100 0051WA CUSCAPI-WA 0.115 Unch 5694 0.215 0.270 79.07 24/04/2018 0.015 0.005 0.015 0.010 7179WB DBE-WB 0.010 Unch 8292 0.035 0.050 71.43 22/01/2022 0.200 0.120 0.150 0.150 694713 DIGI-C13 0.150 -0.015 26 5.100 4.500 0.00 22/02/2017 0.090 0.045 0.075 0.065 0029WB DIGISTA-WB 0.075 0.015 1060.4 0.175 0.260 91.43 04/04/2023 0.095 0.045 0.075 0.070 4456WD DNEX-WD 0.075 0.010 29636.2 0.295 0.500 94.92 30/07/2021 0.110 0.060 0.090 0.080 7114WA DNONCE-WA 0.090 0.005 550.7 0.255 0.250 33.33 25/11/2020 0.255 0.080 0.095 0.090 5265WA DOLPHIN-WA 0.090 -0.005 1850.8 0.405 0.800 119.75 29/03/2021 0.050 0.010 0.015 0.015 7198WA DPS-WA 0.015 Unch 39 0.085 0.540 552.94 03/01/2018 0.070 0.035 0.045 0.040 7198WB DPS-WB 0.045 0.005 200.2 0.085 0.100 70.59 15/01/2025 0.390 0.055 0.205 0.130 161922 DRBHCOMC22 0.195 0.070 4565.1 1.270 1.000 1.77 17/02/2017 0.170 0.005 0.035 0.015 161923 DRBHCOMC23 0.035 0.025 10473.8 1.270 1.300 9.80 28/02/2017 0.175 0.040 0.070 0.060 161924 DRBHCOMC24 0.070 0.015 189 1.270 1.500 31.89 06/06/2017 0.145 0.025 0.040 0.030 161925 DRBHCOMC25 0.040 0.015 523 1.270 1.550 29.92 31/03/2017 0.140 0.030 0.075 0.060 161926 DRBHCOMC26 0.070 0.020 7860.1 1.270 1.550 30.31 30/08/2017 0.070 0.030 0.065 0.060 161927 DRBHCOMC27 0.065 0.015 179.8 1.270 1.700 44.09 22/08/2017 0.170 0.105 0.165 0.140 161928 DRBHCOMC28 0.155 0.020 54355.4 1.270 1.050 13.19 30/06/2017 0.150 0.105 0.150 0.130 161929 DRBHCOMC29 0.150 0.035 1367.2 1.270 1.200 18.11 16/08/2017 0.180 0.115 0.180 0.140 161930 DRBHCOMC30 0.165 0.035 5423.4 1.270 1.100 12.60 30/11/2017 0.120 0.085 0.120 0.100 161931 DRBHCOMC31 0.115 0.020 2481.4 1.270 1.250 22.87 31/07/2017 0.105 0.075 0.080 0.080 5216CU DSONIC-CU 0.080 Unch 420 1.170 1.300 28.21 31/07/2017 0.100 0.055 0.095 0.090 3417C5 E&O-C5 0.095 0.010 300 1.760 1.650 4.55 15/06/2017 0.260 0.120 0.175 0.160 3417WB E&O-WB 0.175 0.005 114.3 1.760 2.600 57.67 21/07/2019 0.080 0.025 0.025 0.025 0154WC EAH-WC 0.025 Unch 330 0.055 0.100 127.27 18/06/2019 0.180 0.090 0.110 0.100 3557WC ECOFIRS-WC 0.110 0.005 10.7 0.275 0.300 49.09 10/09/2019 0.460 0.350 0.395 0.385 8206WA ECOWLD-WA 0.390 Unch 770.4 1.450 2.080 70.34 26/03/2022 0.190 0.055 0.070 0.065 0107WA EDUSPEC-WA 0.065 0.005 1191.9 0.195 0.180 25.64 24/12/2018 1.480 0.385 0.955 0.920 0065WA EFORCE-WA 0.935 0.020 221.7 1.470 0.680 9.86 17/07/2019 0.685 0.425 0.580 0.565 8907WC EG-WC 0.575 0.010 498.2 0.910 0.500 18.13 03/11/2020 0.065 0.005 0.025 0.020 7182WA EKA-WA 0.025 0.005 5712 0.085 0.200 164.71 22/01/2019 1.500 0.250 1.500 1.420 8877WB EKOVEST-WB 1.490 0.090 2302.3 2.810 1.350 1.07 25/06/2019 0.280 0.020 0.020 0.020 7149WA ENGKAH-WA 0.020 -0.010 15 1.640 3.500 114.63 25/09/2017 0.510 0.305 0.375 0.360 5056WA ENGTEX-WA 0.370 0.010 659 1.240 0.830 -3.23 25/10/2017 0.585 0.040 0.175 0.145 7249WA EWEIN-WA 0.170 0.030 3675.3 0.750 0.610 4.00 09/06/2017 0.085 0.005 0.025 0.020 3689CB F&N-CB 0.020 0.005 453.9 23.62 24.80 6.69 30/06/2017 0.230 0.100 0.170 0.160 7047WB FAJAR-WB 0.165 Unch 655.2 0.575 0.700 50.43 24/09/2019 0.265 0.125 0.175 0.150 9776WB FARMBES-WB 0.165 0.010 631.6 0.720 1.000 61.81 13/07/2018 0.095 0.045 0.090 0.090 06501A FBMKLCI-C1A 0.090 0.015 50 1,691 1,640 0.70 31/05/2017 0.270 0.250 0.270 0.265 06501P FBMKLCI-C1P 0.270 0.020 301.6 1,691 1,730 6.28 31/07/2017 0.085 0.015 0.045 0.040 65084 FBMKLCI-C84 0.045 0.025 338.8 1,691 1,660 0.02 28/02/2017 0.060 0.010 0.015 0.015 65088 FBMKLCI-C88 0.015 Unch 30 1,691 1,690 0.55 31/03/2017 0.135 0.030 0.030 0.030 06502C FBMKLCI-H2C 0.030 -0.005 170 1,691 1,640 -1.79 31/05/2017 0.200 0.060 0.060 0.060 06502F FBMKLCI-H2F 0.060 -0.005 535 1,691 1,680 1.82 30/06/2017 0.115 0.045 0.045 0.045 06502L FBMKLCI-H2L 0.045 Unch 50 1,691 1,625 -2.05 31/07/2017 0.115 0.010 0.010 0.010 65089 FBMKLCI-H89 0.010 -0.005 354 1,691 1,660 -1.43 28/02/2017 0.155 0.035 0.035 0.035 65093 FBMKLCI-H93 0.035 -0.005 10 1,691 1,690 1.38 31/03/2017 0.130 0.025 0.025 0.025 65099 FBMKLCI-H99 0.025 -0.005 9 1,691 1,650 -1.40 28/04/2017 0.565 0.120 0.210 0.200 8605WB FFHB-WB 0.205 -0.005 195.6 0.730 0.500 -3.42 30/03/2017 0.605 0.130 0.290 0.265 522212 FGV-C12 0.270 0.010 3307.3 1.850 1.350 2.16 14/03/2017 0.705 0.115 0.300 0.265 522213 FGV-C13 0.280 0.015 499.5 1.850 1.500 3.78 28/04/2017 0.490 0.070 0.165 0.155 522214 FGV-C14 0.160 0.010 826.7 1.850 1.600 3.78 17/03/2017 0.360 0.020 0.040 0.025 522215 FGV-C15 0.035 0.005 1830.4 1.850 1.900 6.86 28/02/2017 0.255 0.025 0.060 0.050 522216 FGV-C16 0.055 Unch 12419.9 1.850 1.950 14.32 09/05/2017 0.265 0.025 0.050 0.050 522217 FGV-C17 0.050 Unch 20 1.850 2.200 25.41 31/03/2017 0.220 0.010 0.020 0.010 522219 FGV-C19 0.015 Unch 948.6 1.850 2.600 42.57 31/03/2017 0.180 0.005 0.015 0.010 522220 FGV-C20 0.015 0.005 938.3 1.850 2.300 26.76 27/03/2017 0.160 0.020 0.040 0.035 522221 FGV-C21 0.035 Unch 1438.1 1.850 2.550 41.62 30/08/2017 0.175 0.095 0.175 0.155 522222 FGV-C22 0.160 0.005 1468 1.850 1.650 13.41 30/06/2017 0.095 0.070 0.085 0.080 522223 FGV-C23 0.080 Unch 900 1.850 1.850 15.14 31/07/2017 0.165 0.120 0.160 0.140 522224 FGV-C24 0.150 0.005 2715.6 1.850 1.850 20.27 31/07/2017 0.135 0.065 0.110 0.105 9318WB FITTERS-WB 0.105 0.005 389.8 0.435 1.000 154.02 12/10/2019 0.490 0.230 0.490 0.475 9261WB GADANG-WB 0.475 Unch 10808.6 0.475 1.060 223.16 29/11/2021 0.125 0.075 0.110 0.110 539831 GAMUDA-C31 0.110 0.010 50 4.940 4.900 5.87 29/09/2017 1.410 0.805 1.290 1.260 5398WE GAMUDA-WE 1.260 -0.030 3887.8 4.940 4.050 7.49 06/03/2021 0.280 0.085 0.205 0.190 5226WA GBGAQRS-WA 0.200 0.010 3040.3 1.010 1.300 48.51 20/07/2018 0.260 0.095 0.210 0.210 471515 GENM-C15 0.210 -0.015 13.8 5.000 4.400 0.60 31/03/2017 3.600 2.490 3.600 3.440 2291WA GENP-WA 3.540 0.100 126 11.440 7.750 -1.31 17/06/2019 0.190 0.020 0.030 0.030 318231 GENTINGC31 0.030 Unch 140 8.370 8.300 2.03 31/03/2017

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


0.320 0.195 0.230 0.230 318233 GENTINGC33 0.230 0.010 40 8.370 7.900 4.00 31/03/2017 0.100 0.070 0.070 0.070 318234 GENTINGC34 0.070 -0.005 30 8.370 8.200 8.00 10/07/2017 2.380 0.950 1.450 1.430 3182WA GENTING-WA 1.430 Unch 781.5 8.370 7.960 12.19 18/12/2018 0.195 0.070 0.170 0.150 1147WA GOB-WA 0.170 0.025 8051.7 0.415 0.800 133.73 24/12/2019 0.045 0.025 0.040 0.035 7096WA GPA-WA 0.040 0.005 1646.4 0.105 0.100 33.33 03/06/2025 0.200 0.095 0.180 0.175 7676WB GUNUNG-WB 0.175 Unch 102 0.475 0.400 21.05 02/10/2020 0.460 0.110 0.305 0.300 3034CU HAPSENG-CU 0.305 0.015 47.6 8.770 7.650 1.14 30/08/2017 1.320 0.830 1.250 1.200 5095WB HEVEA-WB 1.200 -0.030 47 1.440 0.250 0.69 28/02/2020 0.130 0.065 0.090 0.080 5072WB HIAPTEK-WB 0.090 Unch 2411.2 0.305 0.500 93.44 23/06/2021 0.560 0.265 0.385 0.310 5169WA HOHUP-WA 0.375 0.065 495.1 0.865 0.600 12.72 21/12/2018 0.300 0.115 0.165 0.155 7213WB HOVID-WB 0.165 0.010 2313.2 0.315 0.180 9.52 05/06/2018 0.955 0.075 0.110 0.085 65160 HSI-C60 0.105 0.015 14304.6 13,326 24,200 82.30 27/02/2017 1.360 0.295 0.540 0.460 65162 HSI-C62 0.520 0.045 7345.5 13,326 22,800 74.60 27/02/2017 1.460 0.650 1.210 1.210 65164 HSI-C64 1.210 0.120 3 13,326 21,400 68.76 27/02/2017 0.560 0.040 0.045 0.040 65166 HSI-C66 0.045 Unch 355.6 13,326 26,000 95.40 30/03/2017 0.820 0.170 0.285 0.250 65168 HSI-C68 0.280 0.025 782.4 13,327 24,600 86.48 30/03/2017 1.170 0.370 0.650 0.595 65170 HSI-C70 0.645 0.060 521 13,326 23,200 78.44 30/03/2017 0.510 0.150 0.270 0.235 65172 HSI-C72 0.260 0.020 5980.1 13,327 25,000 89.34 27/04/2017 0.865 0.335 0.615 0.565 65174 HSI-C74 0.600 0.040 196 13,326 23,600 81.14 27/04/2017 1.280 0.740 1.180 1.150 65176 HSI-C76 1.180 0.120 20 13,327 22,200 74.55 27/04/2017 0.650 0.320 0.565 0.520 65178 HSI-C78 0.550 0.035 57 13,326 24,000 83.80 29/05/2017 1.120 0.600 1.000 0.965 65180 HSI-C80 1.000 0.075 74 13,326 22,600 76.34 29/05/2017 0.925 0.625 0.905 0.845 65186 HSI-C86 0.905 0.050 14.4 13,326 23,000 78.70 29/06/2017 1.450 0.955 1.450 1.420 65188 HSI-C88 1.450 0.120 20 13,326 21,600 71.87 29/06/2017 0.610 0.505 0.555 0.525 65190 HSI-C90 0.525 0.005 3.5 13,326 24,800 89.64 28/07/2017 0.520 0.020 0.020 0.020 65165 HSI-H65 0.020 -0.010 347 13,327 20,600 54.71 27/02/2017 0.830 0.090 0.115 0.090 65167 HSI-H67 0.100 -0.040 15373.7 13,326 22,000 65.76 27/02/2017 1.270 0.430 0.485 0.430 65169 HSI-H69 0.440 -0.090 1098 13,326 23,400 78.56 27/02/2017 1.100 0.420 0.470 0.420 65171 HSI-H71 0.430 -0.070 2554.7 13,326 22,600 72.49 30/03/2017 1.820 0.885 0.900 0.885 65173 HSI-H73 0.885 -0.145 4.5 13,327 24,000 86.06 30/03/2017 2.350 1.480 1.550 1.520 65175 HSI-H75 1.520 -0.140 12.8 13,327 25,400 100.85 30/03/2017 0.850 0.330 0.360 0.330 65177 HSI-H77 0.340 -0.045 115 13,326 21,600 64.37 27/04/2017 1.140 0.600 0.645 0.600 65179 HSI-H79 0.610 -0.070 36 13,326 23,000 76.70 27/04/2017 2.080 1.120 1.130 1.120 65181 HSI-H81 1.120 -0.140 6 13,326 24,400 90.65 27/04/2017 0.735 0.280 0.305 0.280 65183 HSI-H83 0.280 -0.035 776.5 13,327 20,600 56.46 29/05/2017 0.870 0.510 0.525 0.510 65185 HSI-H85 0.510 -0.075 27 13,326 22,000 68.53 29/05/2017 1.330 0.885 0.940 0.885 65187 HSI-H87 0.885 -0.115 202 13,327 23,400 81.56 29/05/2017 1.040 0.510 0.510 0.510 65189 HSI-H89 0.510 -0.010 10 13,326 21,000 61.02 29/06/2017 0.965 0.775 0.805 0.775 65191 HSI-H91 0.805 -0.025 5 13,326 22,400 73.52 29/06/2017 1.590 1.250 1.260 1.260 65193 HSI-H93 1.260 -0.100 0.5 13,326 23,800 87.10 29/06/2017 1.550 1.550 1.550 1.550 65199 HSI-H99 1.550 -0.150 1 13,326 24,200 92.05 28/07/2017 0.005 0.005 0.005 0.005 7013WA HUBLINE-WA 0.005 Unch 204 0.005 0.160 3,200 04/11/2019 0.010 0.005 0.005 0.005 7013WB HUBLINE-WB 0.005 Unch 60 0.005 0.010 200.00 20/12/2020 0.030 0.015 0.025 0.020 9601WD HWGB-WD 0.025 Unch 154 0.060 0.180 241.67 15/03/2021 0.350 0.160 0.240 0.240 9687WB IDEALUBB-WB 0.240 0.005 1 0.775 1.000 60.00 30/03/2021 1.700 1.351 1.700 1.700 0166WA INARI-WA 1.700 0.100 0.1 1.830 0.132 0.11 04/06/2018 1.020 0.525 1.020 1.010 0166WB INARI-WB 1.020 0.010 288.2 1.830 0.800 -0.55 17/02/2020 0.240 0.155 0.240 0.225 3379WB INSAS-WB 0.240 0.020 3773.9 0.870 1.000 42.53 25/02/2020 0.200 0.110 0.140 0.140 8834WB IREKA-WB 0.140 Unch 37.1 0.635 1.000 79.53 25/06/2019 0.055 0.020 0.030 0.030 7183WA IRETEX-WA 0.030 Unch 300 0.195 0.800 325.64 10/06/2019 0.150 0.010 0.020 0.020 5175WA IVORY-WA 0.020 -0.005 730 0.470 0.750 63.83 26/04/2017 0.065 0.020 0.055 0.045 0024WA JAG-WA 0.055 0.010 24738.2 0.140 0.100 10.71 14/08/2019 0.340 0.105 0.340 0.320 5161C1 JCY-C1 0.340 0.010 4284 0.640 0.550 12.50 18/08/2017 0.125 0.005 0.075 0.065 5161CX JCY-CX 0.070 Unch 11960.9 0.640 0.600 4.69 14/03/2017 0.235 0.100 0.225 0.225 5161CY JCY-CY 0.225 -0.010 10 0.640 0.530 6.26 28/07/2017 0.110 0.045 0.095 0.095 9083WB JETSON-WB 0.095 0.005 111.5 0.370 0.750 128.38 06/02/2019 0.090 0.060 0.080 0.080 8923WA JIANKUN-WA 0.080 Unch 107.5 0.275 0.320 45.45 23/12/2021 0.525 0.205 0.485 0.475 7167WA JOHOTIN-WA 0.485 0.010 1250.5 1.270 0.850 5.12 21/11/2017 0.115 0.060 0.060 0.060 4383CK JTIASA-CK 0.060 -0.020 89 1.430 1.300 3.50 28/02/2017 0.155 0.085 0.125 0.115 4383CL JTIASA-CL 0.120 0.010 1233 1.430 1.300 7.69 06/06/2017 0.095 0.025 0.035 0.035 4383CM JTIASA-CM 0.035 0.005 30 1.430 1.500 9.79 27/03/2017 0.115 0.045 0.050 0.050 5247CR KAREX-CR 0.050 0.005 500 2.460 2.650 14.84 10/07/2017 0.025 0.010 0.015 0.015 3115WC KBUNAI-WC 0.015 Unch 1000 0.055 0.131 165.45 20/10/2023 1.550 0.705 1.420 1.400 7161WA KERJAYA-WA 1.400 -0.030 59.3 2.320 0.880 -1.72 20/12/2017 0.140 0.060 0.140 0.100 0151WA KGB-WA 0.135 0.045 96.8 0.355 0.500 78.87 12/06/2019 0.025 0.005 0.010 0.005 0036WA KGROUP-WA 0.010 Unch 339 0.045 0.100 144.44 02/07/2018 0.880 0.450 0.725 0.710 5171WA KIMLUN-WA 0.720 Unch 93.9 2.150 1.680 11.63 12/03/2024 0.095 0.020 0.030 0.030 7164WA KNM-WA 0.030 Unch 5380 0.365 0.980 176.71 15/11/2017 0.150 0.095 0.115 0.115 7164WB KNM-WB 0.115 Unch 3 0.365 1.000 205.48 21/04/2020 0.445 0.070 0.120 0.115 7017WB KOMARK-WB 0.120 0.010 723.2 0.315 0.300 33.33 21/01/2020 0.810 0.410 0.450 0.450 5878WB KPJ-WB 0.450 -0.045 1.4 4.200 4.010 6.19 23/01/2019 0.150 0.030 0.030 0.030 5038CG KSL-CG 0.030 Unch 580 1.000 1.200 23.00 06/06/2017 0.585 0.450 0.585 0.570 9385WA LAYHONG-WA 0.575 0.020 622.7 0.880 0.400 10.80 13/10/2021 0.375 0.100 0.170 0.135 8494WA LBICAP-WA 0.170 0.040 1063.9 1.200 1.000 -2.50 17/04/2018 0.760 0.320 0.740 0.740 5789WA LBS-WA 0.740 -0.005 5 1.770 1.000 -1.69 11/06/2018 0.535 0.230 0.500 0.490 5789WB LBS-WB 0.500 0.005 597.8 1.770 1.250 -1.13 04/10/2020 0.090 0.040 0.065 0.060 8745WB LEWEKO-WB 0.060 Unch 237.1 0.120 0.200 116.67 08/09/2020 0.220 0.150 0.180 0.175 7126WA LONBISC-WA 0.180 Unch 78.7 0.755 1.000 56.29 26/01/2020 0.045 0.020 0.040 0.040 5068WA LUSTER-WA 0.040 0.005 430 0.090 0.100 55.56 03/06/2022 0.045 0.020 0.045 0.040 5068WB LUSTER-WB 0.045 0.005 109.8 0.090 0.100 61.11 26/05/2023 0.060 0.015 0.025 0.025 0017WA M3TECH-WA 0.025 Unch 34.8 0.055 0.100 127.27 21/08/2019 0.750 0.210 0.710 0.680 7617WB MAGNA-WB 0.710 0.030 395.8 1.620 0.900 -0.62 04/09/2020 0.265 0.130 0.165 0.155 8583WB MAHSING-WB 0.165 0.010 167.4 1.490 1.440 7.72 16/03/2018 0.160 0.085 0.105 0.100 8583WC MAHSING-WC 0.105 0.005 187.6 1.490 2.100 47.99 21/02/2020 0.100 0.035 0.040 0.040 5264CR MALAKOF-CR 0.040 0.005 100 1.290 1.500 22.48 28/07/2017 0.100 0.040 0.045 0.045 5264CT MALAKOF-CT 0.045 0.005 118.6 1.290 1.500 19.77 31/10/2017 0.265 0.085 0.265 0.235 6181WB MALTON-WB 0.255 0.025 3159.6 0.865 1.000 45.09 29/06/2018 0.150 0.080 0.135 0.135 115524 MAYBANKC24 0.135 Unch 60 8.220 8.000 1.43 30/06/2017 0.500 0.185 0.500 0.475 5152WA MBL-WA 0.495 0.015 416.7 1.100 0.800 17.73 28/11/2022 0.225 0.020 0.075 0.050 5983WA MBMR-WA 0.070 0.015 1667.8 2.300 3.200 42.17 14/06/2017 0.055 0.025 0.050 0.040 5040WB MEDAINC-WB 0.045 0.010 2576.6 0.495 0.600 30.30 22/04/2022 0.055 0.025 0.035 0.030 5040WC MEDAINC-WC 0.035 Unch 211.5 0.495 0.800 68.69 24/08/2024 0.405 0.130 0.170 0.160 1694WB MENANG-WB 0.170 0.015 214.3 0.790 1.000 48.10 09/07/2019 0.185 0.010 0.115 0.115 0075WA MEXTER-WA 0.115 Unch 1 0.240 0.130 2.08 17/09/2018 1.200 0.305 1.200 1.080 3069WA MFCB-WA 1.150 0.090 1200.2 2.850 2.220 18.25 08/04/2020 0.415 0.020 0.050 0.045 3662WB MFLOUR-WB 0.045 -0.010 1199.4 1.420 2.060 48.24 09/05/2017 0.140 0.045 0.135 0.100 5186C1 MHB-C1 0.135 0.015 879 1.050 1.000 11.31 29/09/2017 0.115 0.115 0.115 0.115 5186C2 MHB-C2 0.115 -0.035 100 1.050 1.150 31.43 31/10/2017 0.100 0.030 0.065 0.050 5026WA MHC-WA 0.060 0.005 299.4 0.960 1.560 68.75 28/07/2017 0.355 0.175 0.220 0.205 5576WC MINHO-WC 0.215 0.015 755.3 0.590 0.500 21.19 02/08/2021 0.145 0.025 0.040 0.040 3816C8 MISC-C8 0.040 0.005 507 7.470 7.500 3.08 31/05/2017 0.625 0.350 0.470 0.455 9571WD MITRA-WD 0.470 0.015 208.2 1.260 1.090 23.81 23/08/2020 1.380 0.600 1.300 1.270 6114WB MKH-WB 1.290 0.020 610.4 3.200 1.890 -0.62 29/12/2017 0.100 0.020 0.030 0.030 0085WA MLAB-WA 0.030 Unch 100 0.070 0.100 85.71 24/04/2020 0.400 0.140 0.355 0.340 7595WA MLGLOBAL-WA 0.340 -0.020 48.8 0.875 0.500 -4.00 27/10/2019 0.190 0.105 0.115 0.105 2194C4 MMCCORP-C4 0.105 Unch 533.4 2.320 2.250 6.03 31/07/2017 0.130 0.095 0.105 0.100 2194C5 MMCCORP-C5 0.105 Unch 300 2.320 2.400 14.76 18/08/2017 0.030 0.020 0.025 0.025 0103WA MNC-WA 0.025 Unch 300.1 0.065 0.100 92.31 05/11/2021 0.110 0.075 0.100 0.100 3867CD MPI-CD 0.100 0.005 30 8.370 8.300 9.92 06/06/2017 0.120 0.070 0.120 0.115 3867CE MPI-CE 0.115 Unch 82.4 8.370 8.100 7.77 13/07/2017 0.070 0.020 0.025 0.025 0070WA MQTECH-WA 0.025 Unch 2716.6 0.045 0.100 177.78 21/11/2021 0.155 0.035 0.140 0.125 1651C7 MRCB-C7 0.125 -0.010 962.3 1.480 1.220 -0.68 31/03/2017 0.165 0.085 0.120 0.110 1651WA MRCB-WA 0.115 Unch 3011.3 1.480 2.300 63.18 14/09/2018 0.030 0.005 0.015 0.010 0092WA MTOUCHE-WA 0.015 0.010 1448.1 0.085 0.890 964.71 17/01/2018 0.085 0.015 0.035 0.025 0092WB MTOUCHE-WB 0.030 0.010 551.1 0.085 0.270 252.94 16/03/2020 0.330 0.150 0.290 0.270 0138C1 MYEG-C1 0.290 0.035 160 1.640 1.400 8.94 30/06/2017 0.220 0.195 0.220 0.205 13811 MYEG-C11 0.220 0.010 241 1.640 1.380 13.66 31/07/2017 0.180 0.070 0.085 0.075 0138C2 MYEG-C2 0.085 0.010 2650.1 1.640 1.767 16.36 28/04/2017 0.235 0.125 0.155 0.130 0138C3 MYEG-C3 0.145 0.010 527.8 1.640 1.533 8.23 28/04/2017 0.145 0.090 0.125 0.115 0138C6 MYEG-C6 0.125 0.010 140 1.640 1.733 18.39 13/07/2017 0.100 0.065 0.075 0.070 0138C7 MYEG-C7 0.075 0.005 340 1.640 1.867 26.02 22/08/2017 0.180 0.115 0.155 0.145 0138C8 MYEG-C8 0.155 0.015 341 1.640 1.567 11.28 31/10/2017 0.200 0.060 0.145 0.130 0138CZ MYEG-CZ 0.145 0.010 613 1.640 1.333 1.93 14/03/2017 0.035 0.015 0.025 0.020 0096WA NEXGRAM-WA 0.025 0.005 202 0.035 0.100 257.14 16/05/2022 0.025 0.010 0.020 0.020 0096WB NEXGRAM-WB 0.020 0.005 5 0.035 0.260 700.00 21/07/2023 0.060 0.005 0.015 0.015 7139WA NICE-WA 0.015 -0.005 190.1 0.085 0.160 105.88 09/08/2017 0.105 0.010 0.065 0.060 0083WB NOTION-WB 0.065 0.005 2815 0.860 1.000 23.84 02/05/2017 0.270 0.150 0.245 0.240 0172WA OCK-WA 0.245 0.005 2297.1 0.810 0.710 17.90 15/12/2020 0.160 0.060 0.085 0.080 7071WC OCR-WC 0.080 Unch 1765 0.475 0.500 22.11 24/07/2021 0.335 0.195 0.225 0.220 5053WC OSK-WC 0.225 -0.005 15.3 1.410 1.800 43.62 22/07/2020 0.095 0.010 0.030 0.030 0005WA PALETTE-WA 0.030 Unch 721 0.060 0.040 16.67 20/03/2018 0.176 0.080 0.160 0.140 5125WA PANTECH-WA 0.150 Unch 78.9 0.470 0.600 59.57 21/12/2020 0.190 0.105 0.170 0.155 5125WB PANTECH-WB 0.170 0.010 2901.9 0.470 0.500 42.55 21/12/2021

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 FEBRUARY 7, 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 end up, but investors cautious about tightening

SHANGHAI: China stocks rose yesterday in thin activity as investors stayed largely cautious about the central bank’s policy tightening after it surprisingly raised short-term interest rates previous week. The blue-chip CSI 300 Index rose 0.26% or 8.71 points to 3,373.21, while the Shanghai Composite Index (SSEC) added 0.54% or 16.81 points to 3,156.98. China’s central bank surprised fi nancial markets last Friday by raising short-term interest rates on the first trading day after the Lunar New Year holiday, in a reaffirmation of policy tightening as the economy shows signs of steadying. Pan Shaochang, an analyst at Dongguan Securities, expected liquidity conditions in the stock market to tighten, and foresaw some impact on sectors sensitive to interest rate changes. There was little market reaction to a private survey showing China’s services sector extended strong growth in January as companies reported a solid increase in orders. Agricultural stocks rallied strongly, after the country said it would further boost farm reform. The CSI Agriculture Sub-industry Index gained 1.1%. Sectors were mixed, with many of them largely unchanged. Gains were led by infrastructure shares.

The Tech-Heavy Start-Up Index added 1.3% to hit a three-week high. The index has fallen 3.1% this year, while SSEC gained 1.7%. Meanwhile, Hong Kong stocks rebounded yesterday, drawing inspiration from a fi rmer Wall Street and helped by rising capital infl ows from the mainland. The benchmark Hang Seng Index added 0.95% or 219.03 points to 23,348.24. The Hong Kong China Enterprises Index, which tracks mainland companies listed in Hong Kong, clocked the biggest one-day rise in a month, bouncing 1.62% or 157.03 points to 9,840.26. Sentiment was helped by rising southbound infl ows through the Shanghai-Hong Kong Stock Connect, which used more than 17% of the daily quota yesterday, compared with an average of nearly 11% in January. Financial, telecommunication, and consumer goods sectors were among the best performers in the Hong Kong market. Insurance fi rms rallied, with shares of China Life Insurance Co Ltd and Ping An Insurance Co of China Ltd jumping 7.5% and 4.6% respectively. But resource and energy shares were little changed, as Beijing’s unexpected move to increase short-term interest rates previous week hit the commodity market. China’s highest court has outlined conditions under which “zombie enterprises” will be allowed progress towards claiming bankruptcy, the official Xinhua said.

Japan — Nikkei rises as banks gain on US deregulation hopes

TOKYO: Japan’s Nikkei Share Average rose yesterday as bank stocks climbed following measures ordered by US President Donald Trump to reduce regulation in the fi nancial sector, although a slightly stronger yen kept gains limited. The Nikkei rose 0.31% or 58.51 points to 18,976.71 at the close of trade. Traders said that most investors were expected to stay on the sidelines before Japanese Prime Minister Shinzo Abe meets US President Donald Trump on Friday and Saturday, with trade and currencies likely to be on the agenda. The Nikkei was not straying far from the 19,000-line, with investors cautious over Trump’s policies. Previous week, stocks tumbled after Trump signed an executive order restricting travel for individuals from seven Muslim-majority countries. Yesterday, the banking sector rose after he signed executive actions directing a review of the Dodd-Frank law. “Trump’s protectionist view and his other policies aimed at stoking US growth are two sides on the same coin,” said Hiroyuki Nakai, chief strategist at Tokai Tokyo Research Center. “People are currently focused on the negative side right now, but if his policy on tax cuts and fi scal stimulus get underway,

people would realise that his policies could help mid- to long-term gains in the stock market,” he added. Japanese banks which do business in the US surged on deregulation hopes in the US fi nancial industry. The banking sector rose 1.42% and was the second best performer on the board. Mitsubishi UFJ Financial Group surged 3.38%, while Sumitomo Mitsui Financial Group gained 1.63%. Japan’s auto sector was under the spotlight as well. Honda Motor Co advanced 2.04% after it raised its annual net profi t forecast for the second time. Takata Corp was untraded with a glut of sell orders after sources said it had selected Key Safety Systems as the fi nal bidder for its restructuring, raising a concern that the US auto parts supplier could lead Takata into bankruptcy. Meanwhile, Toyota Motor Corp and Suzuki Motor Corp appeared poised to unveil a wide-ranging partnership yesterday that could include the development of new technologies and procurement. Toyota was up 0.74%, while Suzuki dropped 0.49% at the closing bell. Both automakers are scheduled to release their third quarter earnings after the market close. The broader Topix Index gained 0.4% to 1,520.42, and the JPX-Nikkei Index 400 added 0.3% to 13,618.16. — Reuters

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 Feb 6, 2017

1900

2875

3850

4825

5800

3,156.98+16.81

(+0.54%)

Hang SengIndex points

21,056.93

Mar 1, 2010 Feb 6, 2017

23,348.24+219.03

(+0.95%)15800

19075

22350

25625

28900

Nikkei 225Index points

10,172.06

Mar 1, 2010 Feb 6, 2017

8100

11275

14450

17625

20800

18,976.71+58.51

(+0.31%)

FT Straits TimesIndex points

Mar 1, 2010

2,774.06

3,056.91+14.97

(+0.49%)

Feb 6, 2017

2400

2700

3000

3300

3600

Bursa Malaysia Equity Derivatives

0.270 0.145 0.190 0.180 5022WA PAOS-WA 0.190 0.010 674 0.540 0.500 27.78 14/12/2021 0.170 0.145 0.165 0.165 518310 PCHEM-C10 0.165 0.020 50 7.280 7.100 5.46 18/08/2017 0.400 0.200 0.220 0.215 9997WB PENSONI-WB 0.215 0.005 137.7 0.650 0.600 25.38 20/01/2024 0.035 0.010 0.020 0.020 5146WA PERWAJA-WA 0.020 Unch 281.4 0.095 1.000 973.68 28/02/2022 0.420 0.120 0.420 0.385 8311WC PESONA-WC 0.410 0.025 8047.3 0.655 0.250 0.76 27/01/2020 0.135 0.060 0.075 0.065 5681CR PETDAG-CR 0.065 Unch 88.8 23.480 23.400 2.98 30/06/2017 0.205 0.010 0.025 0.015 6033CN PETGAS-CN 0.020 -0.005 174.2 20.600 21.200 4.08 31/03/2017 1.840 0.368 1.840 1.790 8869WC PMETAL-WC 1.830 0.040 442.4 2.220 1.100 31.98 22/08/2019 0.945 0.615 0.865 0.850 7088WB POHUAT-WB 0.860 -0.005 509.7 1.850 1.000 0.54 21/10/2020 0.200 0.110 0.130 0.110 4634C3 POS-C3 0.125 0.015 615 4.050 4.000 11.11 30/08/2017 0.640 0.135 0.640 0.630 7168WA PRG-WA 0.635 Unch 69.5 0.880 0.375 14.77 06/07/2019 0.690 0.405 0.540 0.520 8966WA PRLEXUS-WA 0.540 0.015 212 1.420 1.200 22.54 14/06/2021 0.095 0.040 0.075 0.065 7145WA PSIPTEK-WA 0.075 0.010 1145.1 0.135 0.100 29.63 16/11/2019 0.060 0.020 0.040 0.035 0007WA PUC-WA 0.040 Unch 349 0.085 0.100 64.71 25/12/2024 0.035 0.015 0.030 0.025 0007WB PUC-WB 0.030 Unch 1960.1 0.085 0.100 52.94 15/02/2019 0.950 0.215 0.300 0.300 6807WB PUNCAK-WB 0.300 Unch 0.8 0.950 1.000 36.84 20/07/2018 0.350 0.215 0.325 0.300 7134WA PWF-WA 0.325 0.030 441.8 0.825 0.620 14.55 20/07/2021 0.115 0.065 0.070 0.070 7498WB RALCO-WB 0.070 Unch 19.1 0.730 1.000 46.58 13/12/2019 0.170 0.020 0.155 0.145 5256WA REACH-WA 0.150 Unch 30156.2 0.650 0.750 38.46 12/08/2022 0.115 0.030 0.050 0.050 1066CW RHBBANK-CW 0.050 Unch 116.6 5.000 5.000 4.00 31/05/2017 0.115 0.060 0.075 0.075 5270WA RSENA-WA 0.075 -0.005 277.7 0.435 0.500 32.18 01/12/2023 0.035 0.020 0.025 0.020 0133WD SANICHI-WD 0.025 Unch 550 0.065 1.000 1,477 21/07/2019 0.150 0.060 0.080 0.075 5157WA SAUDEE-WA 0.075 Unch 98 0.300 0.500 91.67 31/03/2021 0.025 0.005 0.010 0.010 0109WB SCBUILD-WB 0.010 Unch 6835 0.035 0.050 71.43 06/11/2019 0.105 0.055 0.090 0.085 0161WA SCH-WA 0.090 Unch 220.9 0.175 0.100 8.57 04/12/2021 0.100 0.050 0.070 0.070 0028WA SCOPE-WA 0.070 0.010 20 0.160 0.150 37.50 17/07/2020 0.375 0.020 0.085 0.065 7073WA SEACERA-WA 0.085 0.015 25.1 0.915 1.000 18.58 16/05/2017 0.135 0.070 0.120 0.120 0055WA SERSOL-WA 0.120 0.005 354 0.165 0.180 81.82 18/04/2023 0.465 0.210 0.305 0.295 7246WA SIGN-WA 0.300 0.010 974.5 0.920 0.970 38.04 21/04/2021 0.155 0.130 0.130 0.130 419711 SIME-C11 0.130 -0.010 90 9.000 9.000 10.11 15/06/2017 0.225 0.145 0.195 0.195 419712 SIME-C12 0.195 Unch 76 9.000 8.500 7.44 18/08/2017 0.200 0.120 0.145 0.140 4197C7 SIME-C7 0.140 -0.020 225.8 9.000 8.400 1.11 28/02/2017 0.310 0.115 0.280 0.270 4197C8 SIME-C8 0.270 -0.010 718.9 9.000 7.750 1.11 31/07/2017 0.190 0.090 0.190 0.165 521828 SKPETROC28 0.185 0.025 1210 1.850 1.400 0.68 17/03/2017 0.235 0.070 0.235 0.185 521829 SKPETROC29 0.230 0.045 1259.7 1.850 1.400 0.54 31/05/2017 0.120 0.050 0.120 0.105 521831 SKPETROC31 0.120 0.020 91 1.850 1.520 1.62 18/05/2017 0.145 0.065 0.145 0.140 521836 SKPETROC36 0.140 0.025 278 1.850 1.620 10.27 31/05/2017 0.110 0.070 0.110 0.105 521837 SKPETROC37 0.110 0.025 210 1.850 1.850 14.86 31/07/2017 0.170 0.120 0.170 0.140 521839 SKPETROC39 0.165 0.025 1751.6 1.850 1.850 19.62 31/07/2017 0.810 0.470 0.670 0.660 7155WA SKPRES-WA 0.660 -0.010 180 1.320 0.650 -0.76 27/06/2017 0.155 0.025 0.045 0.045 0117WA SMRT-WA 0.045 Unch 484 0.180 0.180 25.00 01/08/2017 1.000 0.720 0.800 0.780 5242WA SOLID-WA 0.795 Unch 44.3 1.320 0.500 -1.89 16/12/2020 0.230 0.100 0.215 0.215 0093WA SOLUTN-WA 0.215 -0.005 296 0.320 0.200 29.69 04/07/2021 0.080 0.035 0.060 0.060 0129WA SRIDGE-WA 0.060 0.010 30 0.130 0.180 84.62 24/02/2023 0.210 0.030 0.045 0.045 7143WA STONE-WA 0.045 -0.005 154.6 0.110 0.300 213.64 21/06/2020 0.095 0.025 0.060 0.055 1201WA SUMATEC-WA 0.060 Unch 331.4 0.090 0.320 322.22 03/03/2021 0.065 0.020 0.055 0.050 1201WB SUMATEC-WB 0.050 Unch 19724.7 0.090 0.175 150.00 13/11/2018 0.110 0.065 0.065 0.065 5263CF SUNCON-CF 0.065 -0.005 40 1.710 1.800 12.87 09/05/2017 0.145 0.145 0.145 0.145 5263CI SUNCON-CI 0.145 -0.005 100 1.710 1.650 13.45 16/08/2017 0.240 0.100 0.180 0.150 0148WA SUNZEN-WA 0.180 0.040 0.6 0.245 0.100 14.29 14/04/2019 0.140 0.060 0.095 0.095 0148WB SUNZEN-WB 0.095 Unch 308.2 0.245 0.250 40.82 25/02/2021



0.160 0.025 0.025 0.025 710618 SUPERMX-C18 0.025 -0.005 308.1 2.080 2.200 8.77 28/04/2017 0.250 0.155 0.220 0.205 7082WB SYF-WB 0.205 -0.005 3660.6 0.655 0.700 38.17 11/11/2019 0.235 0.125 0.185 0.150 1538WB SYMLIFE-WB 0.180 0.020 142.2 0.690 1.100 85.51 11/11/2020 0.250 0.185 0.215 0.215 5012CH TAANN-CH 0.215 0.015 94.5 4.140 3.650 8.94 13/07/2017 0.405 0.170 0.215 0.205 8524WB TALIWRK-WB 0.215 0.010 71.2 1.460 1.700 31.16 11/11/2018 0.955 0.630 0.775 0.775 5191WA TAMBUN-WA 0.775 0.005 10 1.370 0.600 0.36 30/05/2017 0.120 0.060 0.070 0.070 534734 TENAGA-C34 0.070 Unch 50 13.440 14.600 12.80 30/06/2017 0.150 0.085 0.110 0.100 534735 TENAGA-C35 0.100 Unch 407 13.440 13.800 7.14 30/11/2017 0.580 0.260 0.325 0.295 7252WA TEOSENG-WA 0.295 -0.020 28.5 1.010 1.350 62.87 29/01/2020 3.560 1.720 3.060 3.020 7034WA TGUAN-WA 3.020 -0.010 70.3 4.390 1.500 2.96 09/10/2019 0.110 0.055 0.065 0.065 7889WB THRIVEN-WB 0.065 -0.005 15.7 0.205 0.640 243.90 05/10/2020 0.015 0.005 0.005 0.005 7079WB TIGER-WB 0.005 -0.005 133.3 0.040 0.170 337.50 23/12/2018 0.090 0.025 0.025 0.025 486314 TM-C14 0.025 -0.005 25.7 6.010 6.700 12.52 29/09/2017 0.315 0.170 0.275 0.275 0101WB TMCLIFE-WB 0.275 Unch 213.1 0.955 0.750 7.33 21/06/2019 0.765 0.410 0.670 0.640 8397WC TNLOGIS-WC 0.655 Unch 1024.6 1.680 1.000 -1.49 26/12/2018 0.460 0.275 0.395 0.365 7285WA TOMYPAK-WA 0.380 0.030 1085.4 1.720 2.290 55.23 21/06/2021 0.160 0.005 0.010 0.005 7113C6 TOPGLOV-C6 0.010 Unch 285 5.070 5.150 2.56 28/02/2017 0.390 0.230 0.255 0.255 5401WA TROP-WA 0.255 Unch 70 0.995 1.000 26.13 06/12/2019 0.215 0.110 0.130 0.130 5042WB TSRCAP-WB 0.130 0.010 7.5 0.495 0.700 67.68 28/12/2020 0.200 0.025 0.025 0.025 5230CG TUNEPRO-CG 0.025 Unch 200 1.430 1.650 20.63 31/03/2017 0.165 0.045 0.075 0.060 514831 UEMS-C31 0.065 0.005 10308.9 1.120 1.150 11.38 30/06/2017 0.085 0.020 0.025 0.025 514832 UEMS-C32 0.025 0.005 50 1.120 1.350 27.23 10/07/2017 0.070 0.050 0.050 0.050 514834 UEMS-C34 0.050 Unch 100 1.120 1.180 14.29 28/04/2017 0.075 0.040 0.045 0.045 514836 UEMS-C36 0.045 0.005 50 1.120 1.200 17.19 28/04/2017 0.115 0.095 0.110 0.105 514839 UEMS-C39 0.105 0.005 500 1.120 1.050 12.50 31/07/2017 0.100 0.095 0.100 0.095 514841 UEMS-C41 0.100 -0.050 1100 1.120 1.140 19.64 31/10/2017 0.210 0.030 0.040 0.040 4588CX UMW-CX 0.040 -0.005 110 5.460 5.700 9.52 17/03/2017 0.320 0.015 0.080 0.070 4588CY UMW-CY 0.075 0.005 4769.7 5.460 5.700 11.26 31/05/2017 0.175 0.075 0.130 0.125 4588CZ UMW-CZ 0.125 0.005 312 5.460 5.600 14.01 22/08/2017 0.130 0.035 0.035 0.035 524310 UMWOG-C10 0.035 -0.005 648 0.700 0.830 23.57 18/05/2017 0.090 0.030 0.030 0.030 524313 UMWOG-C13 0.030 -0.005 135 0.700 0.850 32.14 31/05/2017 0.090 0.030 0.045 0.035 524314 UMWOG-C14 0.040 0.005 1235 0.700 0.900 40.00 22/08/2017 0.165 0.015 0.020 0.020 5243C7 UMWOG-C7 0.020 -0.005 257.4 0.700 1.000 45.71 31/05/2017 0.192 0.055 0.065 0.055 0069WB VIVOCOM-WB 0.060 0.005 11384.5 0.160 0.200 62.50 07/09/2018 0.228 0.075 0.090 0.085 0069WC VIVOCOM-WC 0.085 Unch 2305.4 0.160 0.100 15.63 22/01/2020 0.042 0.021 0.035 0.030 7070WB VIZIONE-WB 0.030 Unch 840 0.120 0.200 91.67 20/06/2018 0.130 0.065 0.085 0.075 6963CG VS-CG 0.085 0.005 4400 1.540 1.400 1.95 14/03/2017 0.090 0.065 0.085 0.085 6963CJ VS-CJ 0.085 0.005 190 1.540 1.380 6.17 28/07/2017 0.080 0.020 0.025 0.025 0066WA VSOLAR-WA 0.025 Unch 110 0.075 0.120 93.33 01/12/2017 0.420 0.195 0.315 0.295 6963WA VS-WA 0.315 0.015 3513.7 1.540 1.650 27.60 06/01/2019 0.110 0.070 0.090 0.090 9679CZ WCT-CZ 0.090 0.005 29 1.860 2.000 14.78 31/10/2017 0.300 0.160 0.235 0.235 9679WD WCT-WD 0.235 0.005 969.2 1.860 1.710 4.57 11/12/2017 0.235 0.160 0.200 0.190 9679WE WCT-WE 0.200 0.005 1642.9 1.860 2.080 22.58 27/08/2020 0.035 0.010 0.020 0.015 0141WA WINTONI-WA 0.020 Unch 65 0.050 0.100 140.00 23/02/2019 0.125 0.040 0.050 0.050 5246CP WPRTS-CP 0.050 -0.005 126.5 4.260 4.400 6.81 31/07/2017 0.720 0.490 0.720 0.640 7245WA WZSATU-WA 0.715 0.080 978.5 1.160 0.500 4.74 28/10/2024 0.025 0.005 0.015 0.010 5156WC XDL-WC 0.015 0.005 162.3 0.025 0.040 120.00 02/07/2018 0.045 0.005 0.010 0.005 5155WA XINQUAN-WA 0.010 Unch 1050.1 0.110 1.000 818.18 24/06/2019 0.095 0.005 0.020 0.020 5155WB XINQUAN-WB 0.020 Unch 2174.1 0.110 0.880 718.18 27/03/2021 0.085 0.035 0.050 0.045 0165WA XOX-WA 0.050 0.010 2414.2 0.105 0.200 138.10 10/02/2019 0.185 0.025 0.110 0.100 7020WB YKGI-WB 0.110 0.010 3766.4 0.280 0.500 117.86 28/05/2020 0.450 0.300 0.360 0.345 6742WB YTLPOWR-WB 0.355 0.005 547.1 1.440 1.140 3.82 11/06/2018 0.215 0.005 0.005 0.005 7028WA ZECON-WA 0.005 Unch 604 0.585 1.060 82.05 03/03/2017 0.140 0.040 0.060 0.055 2283WA ZELAN-WA 0.060 0.005 982 0.150 0.250 106.67 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

AEON CO. (M) (170,000) EMPLOYEES PROVIDENT FUND BOARD 124,988,200 27/1AFFIN (477,800) EMPLOYEES PROVIDENT FUND BOARD 132,880,360 23 - 25/1AMMB (833,500) EMPLOYEES PROVIDENT FUND BOARD 421,991,437 27/1AXIATA GROUP 829,500 EMPLOYEES PROVIDENT FUND BOARD 1,387,106,925 16, 17 & 23/1BIMB 314,600 AMANAHRAYA TRUSTEES 92,559,200 27 & 31/1 - SKIM AMANAH SAHAM BUMIPUTERABIMB 2,998,600 PERMODALAN NASIONAL 92,228,003 27/1BIMB (292,000) EMPLOYEES PROVIDENT FUND BOARD 193,489,501 27/1BIMB (255,800) KUMPULAN WANG PERSARAAN 86,570,680 26/1 (DIPERBADANKAN)BONIA CORPORATION 900,000 CHIANG SANG SEM 367,558,704 2/2CAPITALAND (M) MALL TRUST (1,050,000) KUMPULAN WANG PERSARAAN 195,866,200 26/1 (DIPERBADANKAN)CIMB GROUP (16,451,600) EMPLOYEES PROVIDENT FUND BOARD 1,391,720,369 20 & 23/1DIGI.COM 298,900 EMPLOYEES PROVIDENT FUND BOARD 905,448,940 26 & 27/1GLOBETRONICS TECHNOLOGY 498,200 EMPLOYEES PROVIDENT FUND BOARD 37,712,300 27/1HARTALEGA (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 124,130,900 27/1IGB CORPORATION (216,500) EMPLOYEES PROVIDENT FUND BOARD 71,043,972 27/1IGB REAL ESTATE (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 231,290,516 27/1INVESTMENT TRUST IHH HEALTHCARE 367,600 EMPLOYEES PROVIDENT FUND BOARD 829,498,027 27/1IJM CORPORATION 585,400 KUMPULAN WANG PERSARAAN 180,747,700 23, 25 (DIPERBADANKAN) & 26/1IJM CORPORATION 1,638,200 EMPLOYEES PROVIDENT FUND BOARD 521,441,158 27/1IJM CORPORATION 500,000 LEMBAGA TABUNG HAJI 197,785,500 31/1IOI CORPORATION 1,068,100 EMPLOYEES PROVIDENT FUND BOARD 405,146,673 27/1IOI PROPERTIES GROUP (356,600) EMPLOYEES PROVIDENT FUND BOARD 224,405,786 27/1LBS BINA GROUP 409,900 KUMPULAN WANG PERSARAAN 56,515,200 23/1 (DIPERBADANKAN)MALAKOFF CORPORATION (3,032,600) EMPLOYEES PROVIDENT FUND BOARD 662,041,233 26/1MALAYAN BANKING 12,000,000 AMANAHRAYA TRUSTEES 3,654,877,208 31/1 - SKIM AMANAH SAHAM BUMIPUTERAMALAYAN BANKING (2,750,800) EMPLOYEES PROVIDENT FUND BOARD 1,559,584,322 26 & 27/1MALAYSIA AIRPORTS (189,600) EMPLOYEES PROVIDENT FUND BOARD 208,894,106 27/1MAXIS 5,759,925 EMPLOYEES PROVIDENT FUND BOARD 673,205,735 25 & 26/1MENANG CORPORATION (M) 500,000 TOO KOK LENG 8,365,800 2/2METRONIC GLOBAL 1,500,000 TAN KIAN HONG 71,431,000 3/2PAVILION REAL ESTATE (1,450,500) EMPLOYEES PROVIDENT FUND BOARD 194,412,303 27/1INVESTMENT TRUST PUBLIC BANK 3,529,200 EMPLOYEES PROVIDENT FUND BOARD 493,055,563 27/1S P SETIA (1,830,000) AMANAHRAYA TRUSTEES 814,763,970 31/1 - SKIM AMANAH SAHAM BUMIPUTERAS P SETIA (196,500) EMPLOYEES PROVIDENT FUND BOARD 169,867,620 27/1SAPURAKENCANA PETROLEUM 3,283,400 EMPLOYEES PROVIDENT FUND BOARD 723,831,594 27 & 31/1SAPURAKENCANA PETROLEUM 4,360,200 KUMPULAN WANG PERSARAAN 345,170,524 23, 25 (DIPERBADANKAN) & 26/1SIME DARBY (513,200) EMPLOYEES PROVIDENT FUND BOARD 727,194,206 27/1SIME DARBY 10,000,000 AMANAHRAYA TRUSTEES 2,760,646,272 31/1 - SKIM AMANAH SAHAM BUMIPUTERASUNWAY REAL ESTATE 1,206,200 EMPLOYEES PROVIDENT FUND BOARD 358,764,500 27/1INVESTMENT TRUSTTELEKOM MALAYSIA 2,000,000 AMANAHRAYA TRUSTEES 473,500,000 31/1 - SKIM AMANAH SAHAM BUMIPUTERATENAGA NASIONAL 5,150,000 AMANAHRAYA TRUSTEES 322,326,900 25 & 31/1 - SKIM AMANAH SAHAM BUMIPUTERATENAGA NASIONAL 8,082,500 EMPLOYEES PROVIDENT FUND BOARD 844,348,482 26 & 27/1TIGER SYNERGY 1,130,000 DATO’ TAN WEI LIAN 319,546,400 2/2TOP GLOVE CORPORATION 396,100 EMPLOYEES PROVIDENT FUND BOARD 120,416,146 27/1UMW 1,633,400 KUMPULAN WANG PERSARAAN 62,026,600 24 - 26/1 (DIPERBADANKAN) WZ SATU 273,000 DATO’ SRI TENGKU UZIR TENGKU 92,092,036 3/2 DATO’ ABDULLAH YINSON (5,000) EMPLOYEES PROVIDENT FUND BOARD 152,405,900 27/1YTL CORPORATION (3,000,000) EMPLOYEES PROVIDENT FUND BOARD 686,930,147 27/1

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

Insider moves (Filings on Feb 3, 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.

• The tourism and culture ministry, with Asean-Japan Centre, holds a seminar on Accessible Tourism at Th e Malaysia Tourism Centre, Jalan Ampang, Kuala Lumpur at 9am.

• Chinese New Year celebration with Sunway Group at the National Kidney Foundation of Malaysia, Berjaya Resource Centre, Jalan 14/29, Petaling Jaya from 2.30pm to 4.30pm.

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 $ 0.681 0.732 0.728 0.586 0.952 1.031 1.031 0.954 3.2407 5.020 58.229 5.065 2.687 9,746 49.174 82.228 6.028 36.268 2.664 2.744 6.445 25.609 5.676

EURO 1.468 1.074 1.068 0.861 1.398 1.514 1.514 1.401 4.7585 7.371 85.500 7.437 3.946 14,311 72.205 120.740 8.851 53.254 3.912 4.029 9.464 37.604 8.335

US $ 1.367 0.931 0.994 0.801 1.301 1.409 1.409 1.304 4.4290 6.861 79.580 6.922 3.673 13,320 67.205 112.380 8.238 49.567 3.641 3.750 8.809 35.000 7.758

SWISS FR 1.374 0.936 1.006 0.805 1.309 1.417 1.417 1.312 4.4535 6.899 80.020 6.960 3.693 13,394 67.577 113.001 8.284 49.841 3.661 3.771 8.857 35.194 7.801

STERLING £ 1.706 1.162 1.248 1.242 1.625 1.759 1.759 1.628 5.5292 8.565 99.348 8.641 4.585 16,629 83.899 140.296 10.285 61.880 4.546 4.682 10.997 43.694 9.685

CANADA $ 1.050 0.715 0.768 0.764 0.616 1.083 1.083 1.002 3.4035 5.272 61.154 5.319 2.822 10,236 51.644 86.359 6.331 38.090 2.798 2.882 6.769 26.896 5.962

BRUNEI $ 0.970 0.661 0.710 0.706 0.569 0.924 1.000 0.926 3.1434 4.869 56.480 4.913 2.607 9,454 47.697 79.759 5.847 35.179 2.584 2.662 6.252 24.841 5.506

SINGAPORE $ 0.970 0.660 0.710 0.706 0.568 0.923 1.000 0.925 3.1427 4.868 56.468 4.912 2.606 9,452 47.687 79.742 5.846 35.171 2.584 2.661 6.250 24.835 5.505

AUSTRALIA $ 1.048 0.714 0.767 0.762 0.614 0.998 1.080 1.081 3.3957 5.260 61.014 5.307 2.816 10,213 51.526 86.161 6.316 38.003 2.792 2.875 6.754 26.834 5.948

MALAYSIA RM 0.309 0.210 0.226 0.225 0.181 0.294 0.318 0.318 0.294 1.0000 1.549 17.968 1.563 0.829 3,008 15.174 25.374 1.860 11.191 0.822 0.847 1.989 7.902 1.752

100 CHINESE RMB 19.920 13.566 14.575 14.495 11.675 18.967 20.536 20.541 19.011 64.5540 1,160 100.889 53.529 194,147 979.531 1,638 120.078 722.452 53.070 54.662 128.389 510.135 113.074

100 BANGLAD’H TAKA 1.717 1.170 1.257 1.250 1.007 1.635 1.771 1.771 1.639 5.5655 8.621 8.698 4.615 16,738 84.450 141.216 10.352 62.286 4.575 4.713 11.069 43.981 9.749

100 DANISH KRONER 19.744 13.446 14.447 14.367 11.572 18.800 20.355 20.360 18.843 63.9850 99.12 1,150 53.057 192,436 970.90 1,624 119.02 716.08 52.60 54.18 127.26 505.64 112.08

100 UAE DIRHAM 37.213 25.343 27.229 27.079 21.811 35.433 38.365 38.373 35.514 120.5958 186.81 2,167 188.48 362,694 1,830 3,060 224.32 1,350 99.14 102.12 239.85 953.00 211.24

1000 INA RUPIAH 0.103 0.070 0.075 0.075 0.060 0.098 0.106 0.106 0.098 0.3325 0.515 5.974 0.520 0.276 5.045 8.437 0.618 3.721 0.273 0.282 0.661 2.628 0.582

100 INDIA RUPEE 2.034 1.385 1.488 1.480 1.192 1.936 2.097 2.097 1.941 6.5903 10.209 118.414 10.300 5.465 19,820 167.220 12.259 73.755 5.418 5.580 13.107 52.080 11.544

100 JAPAN YEN 1.216 0.828 0.890 0.885 0.713 1.158 1.254 1.254 1.161 3.9411 6.105 70.813 6.159 3.268 11,853 59.802 7.331 44.107 3.240 3.337 7.838 31.144 6.903

100 NORWEGIAN KRONER 16.589 11.298 12.138 12.071 9.723 15.796 17.103 17.106 15.832 53.7600 83.279 966 84.020 44.579 161,684 815.744 1,364 601.652 44.196 45.522 106.921 424.836 94.167

100 PHILIPPINE PESO 2.757 1.878 2.017 2.006 1.616 2.625 2.843 2.843 2.631 8.9354 13.842 160.550 13.965 7.409 26,873 135.584 226.724 16.621 7.346 7.566 17.771 70.612 15.651

100 QATAR RIYAL 37.535 25.562 27.464 27.313 21.999 35.739 38.697 38.705 35.822 121.6391 188.430 2,186 190.106 100.865 365,832 1,846 3,086 226.263 1,361 102.999 241.923 961.247 213.066

100 SAUDI RIYAL 36.442 24.818 26.665 26.518 21.359 34.699 37.570 37.578 34.778 118.0972 182.943 2,122 184.570 97.928 355,180 1,792 2,997 219.675 1,322 97.088 234.879 933.257 206.861

100 SWEDISH KRONOR 15.515 10.566 11.352 11.290 9.094 14.773 15.995 15.999 14.807 50.2800 77.888 903.426 78.581 41.693 151,218 762.939 1,276 93.527 562.706 41.335 42.575 397.335 88.071

100 THAI BAHT 3.905 2.659 2.857 2.841 2.289 3.718 4.026 4.027 3.727 12.6543 19.603 227.371 19.777 10.493 38,058 192.014 321.085 23.539 141.620 10.403 10.715 25.168 22.166

100 HK$ 17.617 11.997 12.890 12.819 10.325 16.774 18.162 18.166 16.812 57.0900 88.438 1,025.787 89.224 47.340 171,699 866.273 1,449 106.194 638.919 46.934 48.342 113.544 451.151

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

SUNCON-CI 0.145 0.145 0.145 100HSI-H65 0.020 0.020 0.020 347FBMKLCI-H2F 0.060 0.060 0.060 535CHINA50-CP 0.150 0.140 0.145 1673.4HSI-H67 0.115 0.090 0.100 15373.7HSI-H91 0.805 0.775 0.805 5HSI-H87 0.940 0.885 0.885 202BURSA-C11 0.070 0.065 0.065 200.1HSI-H99 1.550 1.550 1.550 1SUPERMX-C23 0.075 0.075 0.075 18.7HSI-H85 0.525 0.510 0.510 27HSI-H79 0.645 0.600 0.610 36HSI-H73 0.900 0.885 0.885 4.5TOPGLOV-C12 0.110 0.110 0.110 59.9CMSB-CQ 0.020 0.020 0.020 10SP500-H5 0.460 0.460 0.460 3

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)

MALTON 0.875 0.800 0.865 8413.8MNRB 2.500 2.450 2.480 264.5SYF 0.680 0.655 0.655 6672.1ARANK 1.200 1.170 1.180 1120.8SCOMIEN 0.455 0.330 0.420 7749.5PMETAL 2.250 2.180 2.220 6834.2FIBON 0.740 0.715 0.725 715.6MFCB 2.900 2.800 2.850 766.8MALTON-WB 0.265 0.235 0.255 3159.6PENTA 1.640 1.580 1.630 2983.6PMETAL-WC 1.840 1.790 1.830 442.4SEAL 0.540 0.520 0.535 6764.9FIMACOR 2.260 2.210 2.250 175.5PWF 0.825 0.795 0.825 956.5SYSTECH 0.265 0.250 0.260 10847.5EKOVEST-WB 1.500 1.420 1.490 2302.3

This table shows stocks that are trading near their year high. This could suggest a build-up in buying momentum, or the possibility that profi t-taking activities could set in later.

Trading themes

Stocks closest to year high Stocks closest to year low

Lithium carbonate — large contracts for US delivery

Lithium carbonate — spot China price

MarketsF U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S

3 1


Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

FEB/MAR -1.0 -2.0 -1.0

INDEX AND FUTURES OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

Money market

Commodities

FEB/MAR 105FEB/APR 187FEB/MAY 265MAR/APR 82

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

FEB-17 3,257 7 187 1,963 -799MAR-17 3,152 12 2,105 19,797 -2,169APR-17 3,070 15 17,787 55,224 -2,799MAY-17 2,992 10 8,923 44,209 2,454JUN-17 2,925 6 3,256 19,197 562

Palm oil gains, buoyed by expectations of positive data

CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.

Oil steadies as Iran and Opec off set by US drilling rebound

METAL & PRECIOUS METALSTIN US$/TON KLTM 19,650 -70COPPER USC/IBS CMX 2.6390 0.0165GOLD US$/TROY OZ CMX 1,223.80 4.20PLATINUM US$/TROY OZ NYMEX 1,011.80 5.10PALLADIUM US$/TROY OZ NYMEX 765.05 14.75SILVER USC/TROY OZ CMX 17.58 0.10ALUMINIUM RMB/TON SHF 13,690 -120ZINC RMB/TON SHF 22,420 -355

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 53.95 0.12HEATING OIL USC/GAL NYMEX 1.6816 0.0079NATURAL GAS US$/MMBTU NYMEX 3.121 0.005BRENT CRUDE US$/BBL ICE 56.77 -0.04GAS OIL US$/TON ICE 500.25 3.25

CRUDE PALM OIL RM/TON MDEX 3,070 15RUBBER SEN/KG MRB 963.50 -31.00CORN USC/BSH CBOT 366.00 0.75SOYBEANS USC/BSH CBOT 1,035.75 8.75WHEAT USC/BSH CBOT 430.75 0.50LIVE CATTLE USC/IBS CME 115.63 0.15COCOA US$/TON NYBOT 2,082 -1COFFEE USC/IBS NYBOT 148.75 0.05SUGAR USC/IBS NYBOT 21.09 0.18COTTON USC/IBS NYC 77.62 -0.15

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 Feb 6, 2017

200

625

1050

1475

1900

963.50(-31.00)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

1 - 10TH DAYS1- 15TH DAYS1 - 20TH DAYS1 - 25TH DAYSFULL MONTH

NOV’16 DEC’16 JAN’17

348/355 306/326 339/352 514/521 465/481 520/514 730/735 607/629 733/739 998/991 827/845 904/924 1,130/1,152 1,110/1,087 1,157/1,175

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1220

1410

1600

1790

1980

Feb 6, 2017

1,691.00(+6.50)

Klibor

Implied interest rate (%)

Oct 1, 2000

3.47(Unch)

Feb 6, 2017

1.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

798.00(-9.50)

Feb 6, 2017

300

500

700

900

1100

CPO futures

FBM KLCI futures

FEB7 96.55 — — —MAR7 96.55 — — —APR7 96.53 — — —JUN7 96.50 — — —SEP7 96.46 — — —DEC7 96.41 — — —MAR8 96.41 — — —JUN8 96.41 — — —SEP8 96.41 — — —DEC8 96.41 — — —MAR9 96.41 — — —JUN9 96.41 — — —SEP9 96.41 — — —DEC9 96.41 — — —MAR0 96.41 — — —JUN0 96.41 — — —SEP0 96.41 — — —DEC0 96.41 — — —MAR1 96.41 — — —JUN1 96.41 — — —SEP1 96.41 — — —DEC1 96.41 — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian palm oil futures edged up yesterday, reversing most of previous week’s losses, with traders expecting data due last week to show a rise in export demand amid poor production. Benchmark palm oil futures for April delivery on Bursa Malaysia Derivatives were up 0.43% at RM3,070 ringgit per tonne. A Kuala Lumpur-based trader said palm oil was inching up towards RM3,100 in anticipation of positive data for Feb 1 to 10, but was expected to remain within its broader recent range. “There are some incoming reports last week on production and exports that would be supportive to the market. Dalian Commodity Exchange has not dropped a lot either,” the trader added. “Th e Market is short-term bullish and long-term bearish on palm oil. [Th e short-term view is positive as] production has fallen, and with India’s monetisation issues being resolved, the market is expecting the country to start importing more palm oil,” he added. Another trader said the market was waiting for new stimulus to trade on, referring to the impending stocks fi gures from the Malaysian Palm Oil Board. “For the most part of January, palm oil has been trading between RM3,000 and RM3,200. Th e market is just waiting for fresh input to push it either beyond or below this range,” he said. — Reuters

SEP’16 OCT’16 NOV’16 DEC’16

1,715 1,678 1,575 1,474 1,451 1,431 1,370 1,268 1,547 1,574 1,656 1,665

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 795 19.00% 763 18.00% 731SOUTH 20.00% 800 19.00% 767 18.00% 735CENTRAL 20.00% 794 19.00% 761 18.00% 729EAST COAST 20.00% 798 19.00% 766 18.00% 733SABAH 22.00% 773 21.00% 743 20.00% 714SARAWAK 22.00% 780 21.00% 750 20.00% 719

REGION GRADE A GRADE B GRADE C OER (RM/TON) OER (RM/TON) OER (RM/TON)

(IN RM/TON) FEB’17 MAR’17 APR’17

CPO DELD 3,294 NO TRADE NO TRADEPK EX-MILL 3,870 NO TRADE NO TRADECPKO DELD 8,114 NO TRADE NO TRADERBD P.OIL FOB NO TRADE NO TRADE NO TRADE RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADERBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE

MPOB Palm oil physical

Oil steadied near US$57 barrel yesterday as Opec supply cuts and rising tensions between the US and Iran were countered by ample inventories and signs that higher prices will revive US output. The Donald Trump administration’s new sanctions against Iran, though not aff ecting oil output, raised concern about the potential for further developments that could hinder export growth in Opec’s third-largest producer. US energy companies added oil rigs for a 13th week in 14, data showed last Friday. Despite the Opec cuts, US crude inventories rose by more than expected previous week. Global benchmark Brent crude futures was trading at US$56.77 a barrel, down four US cents, having touched an intra-day high of US$57.13. While US crude futures was up 12 US cents at US$53.95. — Reuters

Commodities

rising for a second straight session, and have gained more than 6% this year, outperforming other regional markets. — Agencies

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 Feb 6, 2017

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(+15)3,070

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 Feb 6, 2017

0.3470(RM3,385/tonne)

3,070(+15) 0.0000

0.1825

0.3650

0.5475

0.7300

1100

2425

3750

5075

6400

The euro fell around 0.5% yesterday as concerns over French politics ahead of presidential elections set for April and May drew investors’ focus back to a year of political risks to Europe’s established order. Th e US dollar was broadly steadier after a poor set of wages data last Friday quashed speculations of a near-term rise in US interest rates and sealed the currency’s fourth straight weekly fall, its worst start to a year in three decades. In a relatively slow start to the week, the Aussie dollar was the other biggest mover among the Group of Ten, group of major currencies, down almost 0.5% after a weaker batch of retail sales numbers. Th e euro ground lower in the European morning to trade as weak as US$1.0743, compared with two month highs above US$1.08 hit previous week. — Reuters

Euro fades in face of French election risks

Th e FBM KLCI futures contracts on Bursa Malaysia Derivatives ended higher yesterday in tandem with the fi rmer underlying cash market. Th e underlying benchmark FBM KLCI fi nished 6.23 points better at 1,691.24. February 2017 edged up 6.5 points to 1,691; March 2017 went up 7.5 points to 1,689.5; June 2017 rose 10.5 points to 1,684.5; while September 2017 was 9.5 points higher at 1,678.5. Turnover, however, shrank to 4,212 lots from 4,288 lots last Friday, and open interests rose to 24,438 contracts from 24,156 contracts previously. Most Southeast Asian stock markets rose yesterday, with the Philippines gaining the most ahead of a central bank policy meeting late last week where it is expected to keep rates unchanged. Philippine shares rose nearly 1% yesterday,

FBM KLCI futures contracts end higher

Crude Oil

US$/bbl

Apr 10, 2007 Feb 6, 2017

53.95(+0.12)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 Feb 6, 2017

1,223.80(+4.20)

700

1020

1340

1660

1980

Long Rolls - KLCI futures

Index points

Jan 4, 2010 Feb 6, 2017

-1.00(+1.00)

-35.00

-21.75

-8.50

4.75

18.00

EURO

Euro/USD

Jan 2, 2006

1.02

1.16

1.30

1.44

1.0743(-0.0038)

Feb 6, 2017

1.58

FBMKLCI 1,691.24 6.23 135.2M FEB 17 1,691.00 6.50 3,911 23,254 -1,378MAR 17 1,689.50 7.50 174 885 45JUN 17 1,684.50 10.50 104 258 6SEP 17 1,678.50 9.50 23 41 8TOTAL 4,212 24,438 -1,319

FEB 17 23 3.23 4.82 -1.59MAR 17 54 7.78 9.81 -2.03ROLL’S FAIR -0.44


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 0.37% or 6.23 points to 1,691.24 yesterday, bolstered by gains in oil and gas (O&G) counters on a more positive outlook for global oil prices. Analysts noted O&G counters saw fresh interest after news that the US Department of Energy could start selling off some of its strategic petroleum reserves soon in a bid to minimise the nation’s oil stockpile. “Volumes are defi nitely picking up, although there isn’t a lot of quality buying happening as we speak,” said TA Securities Holdings Bhd senior technical analyst Stephen Soo. “As far as active stocks are concerned, penny as well as O&G stocks are the most reactive,” Soo told Th e Edge Financial Daily. “With that, O&G counters are the most active currently on the more positive outlook for global oil prices.” Active O&G stocks included Hibiscus Petroleum Bhd and Borneo Oil Bhd, which were the day’s top two active counters. On another note, US President Donald Trump’s move to ease regulations on the fi nancial industry is not expected to raise a red fl ag for now, although it could aff ect local policies and trigger more uncertainties. “Trump’s call to scale back on fi nancial regulations would aff ect the local stock market, albeit not so much, for now. However, we could be seeing it impacting our policies, which in turn would bring about more uncertainties and blunders,” Soo said. — by Adela Megan Willy

FBM KLCI up 0.37%, helped by gains in O&G counters

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)PETRONAS CHEMICAL 1.98 0.150 7.280 9358.9AXIATA GROUP 1.92 0.130 5.080 9851.5K.LUMPUR KEPONG 1.16 0.660 25.160 1389.7MAXIS 1.12 0.090 6.200 2617.7MISC 0.81 0.110 7.470 1126.6DIGI.COM 0.64 0.050 5.100 8051.0IOI CORPORATION 0.43 0.040 4.660 11174.6HONG LEONG FINANCE 0.42 0.220 15.000 164.6HAP SENG CONSOLIDATED 0.37 0.090 8.770 349.2MAYBANK 0.34 0.020 8.220 8173.9RHB BANK 0.26 0.040 5.000 1422.7IJM CORPORATION 0.00 0.000 3.410 3725.2BRITISH AMERICAN TOBACCO -0.39 -0.820 44.500 229.7SIME DARBY -0.45 -0.040 9.000 9923.7GENTING MALAYSIA -0.49 -0.050 5.000 2326.8HONG LEONG BANK -0.50 -0.140 13.260 636.0SUB-TOTAL 7.62 OTHERS -1.39 GRAND TOTAL 6.23

1,693.50 1,686.00 1,691.50 1,685.50 1,686.50 1,679.00

Market movers

DOW JONES 20,071.46 186.55S&P 500 2,297.42 16.57NASDAQ 100 5,161.60 13.90FTSE 100 7,188.30 47.55AUSTRALIA 5,615.58 -6.00CHINA 3,156.98 16.81HONG KONG 23,348.24 219.03INDIA 28,429.09 188.57

INDONESIA 5,396.00 35.23JAPAN 18,976.71 58.51KOREA 2,077.66 4.50PHILIPPINES 7,294.40 67.70SINGAPORE 3,056.91 14.97TAIWAN 9,538.01 82.45THAILAND 1,589.13 6.18VIETNAM 700.04 -0.31

CLOSE CHANGE CLOSE CHANGE

World equity indices

TURNOVER CHANGE CHANGE PRICE PE DIVIDEND (‘000) (RM) (%) (RM) RATIO YIELD (%)

Daily top 20 active stocks

KLK 25.160 0.660BKAWAN 19.600 0.500AEONCR 15.780 0.280AIRPORT 6.600 0.260APOLLO 5.200 0.230HLFG 15.000 0.220SAB 4.400 0.220LPI 17.340 0.160PCHEM 7.280 0.150GENP 11.440 0.140OIB 2.850 0.140AXIATA 5.080 0.130

BAT 44.500 -0.820ALLIANZ-PA 10.500 -0.600DLADY 54.240 -0.280HSI-H99 1.550 -0.150HSI-H73 0.885 -0.145HSI-H75 1.520 -0.140HSI-H81 1.120 -0.140F&N 23.620 -0.140HLBANK 13.260 -0.140SP500-H4 0.160 -0.130HSI-H87 0.885 -0.115BURSA 8.750 -0.110

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by RM)

DRBHCOMC23 0.035 250.00MTOUCHE-WA 0.015 200.00STERPRO-WA 0.045 800.00FBMKLCI-C84 0.045 125.00AIRPORT-CP 0.060 100.00DRBHCOMC25 0.040 60.00STERPRO 0.190 58.33AXIATA-C10 0.095 58.33DRBHCOMC22 0.195 56.00MTOUCHE-WB 0.030 50.00KGB-WA 0.135 50.00XDL-WC 0.015 50.00

BAUTO-CN 0.005 -80.00ARMADA-C23 0.050 -66.67TIGER-WB 0.005 -50.00SP500-H4 0.160 -44.83ATTA-WB 0.120 -35.14FBMKLCI-H89 0.010 -33.33HSI-H65 0.020 -33.33AIRASIAC40 0.010 -33.33UEMS-C41 0.100 -33.33ENGKAH-WA 0.020 -33.33HSI-H67 0.100 -28.57ARMADA-C19 0.025 -28.57

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

DRBHCOMC23 0.035 250.00MTOUCHE-WA 0.015 200.00STERPRO-WA 0.045 800.00FBMKLCI-C84 0.045 125.00AIRPORT-CP 0.060 100.00DRBHCOMC25 0.040 60.00AXIATA-C10 0.095 58.33DRBHCOMC22 0.195 56.00MTOUCHE-WB 0.030 50.00KGB-WA 0.135 50.00XDL-WC 0.015 50.00FGV-C20 0.015 50.00

BAUTO-CN 0.005 -80.00ARMADA-C23 0.050 -66.67TIGER-WB 0.005 -50.00SP500-H4 0.160 -44.83ATTA-WB 0.120 -35.14FBMKLCI-H89 0.010 -33.33HSI-H65 0.020 -33.33AIRASIAC40 0.010 -33.33UEMS-C41 0.100 -33.33ENGKAH-WA 0.020 -33.33HSI-H67 0.100 -28.57ARMADA-C19 0.025 -28.57

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

BORNOIL 71,993 6.25 0.010 0.170 0.170 0.160STERPRO 71,529 58.33 0.070 0.190 0.190 0.125SUMATEC 61,803 5.88 0.005 0.090 0.090 0.080DRBHCOMC28 54,355 14.81 0.020 0.155 0.165 0.140PERISAI 36,036 0.00 0.000 0.080 0.085 0.075DRBHCOM 35,035 6.72 0.080 1.270 1.300 1.210JAG 30,435 12.00 0.015 0.140 0.145 0.130MBSB 30,122 5.41 0.060 1.170 1.180 1.100DNEX-WD 29,636 15.38 0.010 0.075 0.075 0.070BORNOIL-WC 29,361 5.56 0.005 0.095 0.095 0.085VIVOCOM 27,131 3.23 0.005 0.160 0.165 0.155SCOMI 26,078 16.13 0.025 0.180 0.180 0.160JAG-WA 24,738 22.22 0.010 0.055 0.055 0.045AIRPORT 21,260 4.10 0.260 6.600 6.630 6.470SUMATEC-WB 19,725 0.00 0.000 0.050 0.055 0.050SENDAI 16,097 5.15 0.035 0.715 0.730 0.695

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

This part will be completed by The Edge Communications Sdn Bhd

and will be faxed/emailed back to you.

The following newsagent who delivers to your area will contact you:

I want an edge! FOR OFFICE USEEmail: [email protected]: (03) 7721 8282

Name

Company

Delivery address

Tel no. Mobile no.

Fax no. Email address

YES, I would like to order Th e Edge Financial Daily at RM1.60 per copyMY DETAILS

NEWSAGENT’S DETAILS

Newsagent name

Company

Address

Contact no.

Moving average - 20-dayKL Composite Index

Volume (’mil)

Jan 2, 2008

1,691.24(+6.23)

Feb 6, 2017

1,674.75

820.0

1102.5

1385.0

1667.5

1950.0

0

300

600

900

1684

1685

1686

1687

1688

1689

1690

1691

1692

1693

1694

17:1516:3015:3014:3012:4511:3010:309:308:45

Index point

KL Composite Index

KLCI futures

1,691.00 (+6.50)

1,691.24(+6.23)

FEB 17 1,691.00 6.50MAR 17 1,689.50 7.50JUN 17 1,684.50 10.50

You may be disappointed if you fail, but you are doomed if you don’t try. — Beverly Sills

HIBISCS 98,720.0 0.010 1.89 0.540 — 0.00BORNOIL 71,992.8 0.010 6.25 0.170 11.94 0.00STERPRO 71,529.2 0.070 58.33 0.190 — 0.00SUMATEC 61,803.3 0.005 5.88 0.090 12.32 0.00DRBHCOMC28 54,355.4 0.020 14.81 0.155 — 0.00BJCORP-WC 46,272.6 0.020 21.05 0.115 — 0.00IFCAMSC 40,101.6 0.005 1.14 0.445 — 2.27PERISAI 36,036.2 UNCH UNCH 0.080 — 0.00AAX 35,548.9 UNCH UNCH 0.420 4.20 0.00DRBHCOM 35,034.9 0.080 6.72 1.270 — 1.68BJCORP 32,464.4 0.005 1.25 0.405 — 0.00JAG 30,435.2 0.015 12.00 0.140 — 0.00REACH-WA 30,156.2 UNCH UNCH 0.150 — 0.00MBSB 30,121.9 0.060 5.41 1.170 27.48 2.61DNEX-WD 29,636.2 0.010 15.38 0.075 — 0.00BORNOIL-WC 29,360.7 0.005 5.56 0.095 — 0.00AIRASIA 29,140.8 0.090 3.52 2.650 3.35 1.56SKPETRO 28,811.5 0.110 6.32 1.850 — 0.78VIVOCOM 27,131.3 0.005 3.23 0.160 7.67 0.00MATANG 26,672.9 0.005 3.57 0.145 — 0.00

1,691.24 6.23 5,179.61 76.42 3,056.91 14.97 18,976.71 58.51 23,348.24 219.03 20,071.46 186.55 1,691.24 6.23 5,179.61 76.42 3,056.91 14.97 18,976.71 58.51 23,348.24 219.03 20,071.46 186.55 KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES 1,691.24 6.23 5,179.61 76.42 3,056.91 14.97 18,976.71 58.51 23,348.24 219.03 1,691.24 6.23 5,179.61 76.42 3,056.91 14.97 18,976.71 58.51 23,348.24 219.03