MONDAY APRIL 11, 2016 ISSUE 2143/2016 …tefd.theedgemarkets.com/2016/TEP/20160411ar865g.pdfON EDGE TV Friday Takeaway: What a week, what a lovely week ... sard of the PAC hearings

FBM KLCI 1718.40 5.89 KLCI FUTURES 1710.00 7.50 STI 2808.32 5.27 RM/USD 3.9000 CPO RM2679.00 31.00 OIL US$41.94 2.51 GOLD US$1243.10 6.40

‘MoF wholly owns 1MDB but has no control of the fund’ PA G E 2

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)

MONDAY APRIL 11, 2016 ISSUE 2143/2016

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



1 5 H O M E

2 0 C O M M E N T

1 2 P R O P E R T Y S N A P S H O T

Sona going all out to get shareholders’ nod for QA buy

Can Asia Brands get its mojo back?

Classic Scenic unfazed by forex volatility

Th e people’s well-being is paramount, says DPM

No ideal nation size for economic performance

Scotland moves against rich gentry



1 5 H O M E


nod for QA buy



Th e people’s Thwell-being is paramount,

Scotland moves against rich gentryTh eEdgeProperty.com

smart! Get

homeFind your next @

Seriously, it's the

ONLY property portal

you need

http://www.theedgeproperty.com


‘MoF wholly owns 1MDB but has no control of the fund’ PA G E 2

FINANCIALFINANCIALDAILYDAILY




MONDAY APRIL 11, 2016 ISSUE 2143/2016




1 5 H O M E

2 0 C O M M E N T





Th e people’s well-being is paramount, says DPM

No ideal nation size for economic performance

Scotland moves against rich gentry

http://www.theedgemarkets.com

2 MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY

For breaking news updates go towww.theedgemarkets.com

O N E D G E T V

www.theedgemarkets.com

Friday Takeaway: What a week, what a lovely week

BY B E N S H A N E L I M

Publisher and Group CEO Ho Kay Tat

EDITORIAL

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

Senior Managing Editor Azam ArisExecutive Editors Kathy Fong,Jenny Ng, Siow Chen Ming, Surinder Jessy, Ooi Inn LeongAssociate Editors R B Bhattacharjee, Joyce Goh, Jose Barrock,Vasantha GanesanEditors Cindy Yeap, Kang Siew LiAssistant Editors Adeline Paul Raj,Tan Choe Choe Chief Copy Editor Halim YaacobSenior Copy Editor Melanie ProctorCopy Editors Evelyn Chan, Tham Yek Lee, Tham Kid ChengArt Director Sharon KhohDesign Team Cheryl Loh, Valerie Chin, Aaron Boudville, Aminullah Abdul Karim, Yong Yik Sheng, Tun Mohd Zafi an Mohd Za’abah, Noorain Duasa

EDITORIAL ADMINISTRATION

Manager Katherine TanAssistant Manager Madeline TanSenior Coordinator Maryani Hassan

CORPORATE

Managing Director Au Foong YeeDeputy Managing Director Lim Shiew Yuin

ADVERTISING & MARKETING

To advertise contactGL: (03) 7721 8000 Fax: (03) 7721 8288Chief Marketing Offi cer Sharon Teh (012) 313 9056General Manager, Digital Media Kingston Low (012) 278 5540Senior Sales Managers

Fong Lai Kuan (012) 386 2831Peter Hoe (019) 221 5351Gregory Thu (012) 376 0614Creative Marketing Chris Wong (016) 687 6577Head of Marketing Support & Ad Traffi c

Lorraine Chan (03) 7721 8001Email: [email protected]

OPERATIONS

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

TheEdgeProperty.com

Managing Director Au Foong YeeEditor Lam Jian WynContributing Editor Sharon KamAssistant Editor James Chong

MARKETING & ADVERTISING

Account Director

Sharon Chew (012) 316 5628

BUSINESS DEVELOPMENT

Senior Manager Elizabeth Lay

The Edge Communications Sdn Bhd (266980-X)

Level 3, Menara KLK, No 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia

KUALA LUMPUR: Th e fi nance min-istry (MoF) may wholly own 1Ma-laysia Development Bhd (1MDB) but it has virtually no control or oversight of the latter due to Arti-cle 117 of 1MDB’s memorandum and articles of association (M&A).

In short, 1MDB’s sole sharehold-er had no knowledge of any of the company’s transactions, the Public Accounts Committee (PAC) was told, according to the proceeding notes of the committee’s report.

Instead, all decisions and ap-provals regarding 1MDB went di-rectly to the cabinet and/or the prime minister himself, completely bypassing the MoF, shows the Han-sard of the PAC hearings on 1MDB.

Recall that Article 117 was cited by former chief executive offi cer Datuk Shahrol Azral Ibrahim Halmi as one of the reasons he was able to undertake certain actions without board approval, as unveiled by the PAC report last week.

Th e PAC report itself only gen-erally states that Article 117 con-ferred ultimate authority to 1MDB’s shareholder.

However, MoF Treasury Secre-tary-General (KSP) Tan Sri Dr Mohd Irwan Serigar Abdullah made it clear in the PAC hearings that the MoF as the shareholder had no authority over 1MDB. Instead, Article 117 conferred all authority to the cabinet and Prime Minister Datuk Seri Najib Razak.

“And then there is item 117 in the M&A that clearly states all matters must receive approval from the prime minister. Whether to change board members, or to make an investment, it is clear in Article 117 everything

KUALA LUMPUR: Former 1Ma-laysia Development Bhd (1MDB) chief executive offi cer (CEO) Da-tuk Shahrol Azral Ibrahim Halmi has confi rmed that Low Taek Jho (Jho Low) introduced PetroSaudi International Ltd’s CEO Tarek Es-sam Ahmad Obaid to him.

Shahrol also confi rmed that Jho Low sat in at a board meeting of 1MDB when deciding on the joint venture (JV) of PetroSaudi, according to the proceeding notes of the Public Accounts Committee’s (PAC) report on the strategic investment fund.

This confirmed the report by Th e Edge weekly that Jho Low was involved in 1MDB’s JV with the PetroSaudi.

This was stated in the Parlia-ment’s Hansard on the minutes of the PAC’s proceedings in which several parties were called to testify. Th ey included Shahrol, ministry of fi nance offi cers, auditors from Ernst & Young, KPMG, Deloitte Malaysia, and former 1MDB chairman Tan Sri Mohd Bakke Salleh.

‘MoF has no control of 1MDB’Although it wholly owns the fund, PAC told

had to go through [the] PM,” Irwan told the PAC on May 19, 2015.

The information was stated in Parliament’s Hansard on the minutes of the PAC proceedings in which several parties were called to testify. Th e minutes of the PAC proceedings are now available on the PAC’s offi cial website.

At the same hearing, Datuk Dr Mohd Isa Hussain, the MoF’s un-dersecretary of the government investment companies division, told the PAC: “Business model, strategy and funding requirements. Th ese issues were never referred to the MoF or Minister of Finance (Inc) (MoF [Inc]), due to Article 117. Subsequently, all corporate matters were never referred to [the] MoF or MoF (Inc) for shareholder consideration and approval.”

“Th en, [the] MoF never received a single report [from 1MDB], as we would normally expect of any other MoF company. Th is includes notice of AGMs (annual general meetings), which we have never received from 1MDB,” Mohd Isa told the PAC.

It is important to note that the PAC did question the legality of this arrangement. Particularly, for an AGM to be conducted and signed off without the shareholders pres-ent. After all, this would contravene the Companies Act.

Mohd Isa argued that the prime minister wore “two or three hats at once”, since he is also the fi nance minister. But when pressed further, MoF offi cials were not able to pro-vide a clear answer to the PAC on whether Najib had signed as the fi nance minister, the head of the MoF or the prime minister.

According to Irwan, the only

other company to receive this spe-cial treatment is SRC International Sdn Bhd — a former subsidiary of 1MDB that is wholly owned by the MoF now. Th ere have already been some calls for the PAC to conduct an investigation into SRC as well.

Note that Irwan only assumed the role of KSP in 2012, more than two years after 1MDB was first created in 2009. Th en, known as Terengganu Investment Authority Bhd (TIA), Article 117 was justifi ed because TIA was supposed to be held under Terengganu’s Menteri Besar Inc, which would not have required the MoF’s supervision.

Article 117 remained in the M&A even after TIA was renamed 1MDB and taken under MoF (Inc). Since Irwan was not responsible for it at the time, he could not explain to the PAC why the ministry did not push to amend Article 117 back in 2009.

Even so, the MoF could not have unilaterally amended Article 117 despite being the sole shareholder.

“You know, Article 117 jelas (is clear that) even amendments to this M&A must go through [the] PM,” Irwan told the PAC.

It was only in 2012 that the MoF attempted to rectify the issue, Mohd Isa told the PAC.

“On March 28, 2012, [the] MoF advised the chairman of 1MDB what needed to be done according to the rules, the corporate matters mentioned [earlier in the hearing]. So we spelt out all the required practices that all other MoF (Inc) companies comply with. We in-formed [him] offi cially. We have the hardcopy. But then, there was no compliance,” explained Mohd Isa.

In fact, the PAC was told that 1MDB chairman Tan Sri Che Lodin Wok Kamaruddin never responded to the letter.

Th e hearings also highlighted the fact that Irwan’s predecessor, Tan Sri Dr Wan Abdul Aziz Wan Abdullah, in 2010 attempted to conduct due diligence on 1MDB. However, 1MDB turned down the request for an audit by the auditor-general, since it had already appointed an internation-al auditor, KPMG, which would do unqualifi ed audits of 1MDB.

MoF offi cials told the PAC that the ministry was simply acting un-der instructions of the cabinet. All answers presented to Parliament were provided by 1MDB at the time, although the MoF was not able to verify said information.

“Th at said, the MoF cannot es-cape accountability. I mean, I un-derstand, internally, that’s how it works. But [the] MoF must be re-sponsible for answers presented in Parliament,” MoF offi cials were told during the hearing.

Jho Low introduced PetroSaudi to 1MDB, says ShahrolBY C H E N S H AUA F U I 1MDB’s JV with PetroSaudi is

one of the highlights in the investi-gation. Th e signing of the JV agree-ment was witnessed by Prime Min-ister Datuk Seri Najib Razak and Prince Turki Abdullah. Th is was the fi rst business venture by 1MDB.

Under the JV agreement, 1MDB was to invest US$1 billion in cash for a 40% equity stake, while Pet-roSaudi Holdings (Cayman) Ltd would contribute assets worth not less than US$1.5 billion for the re-maining 60% stake.

Th e JV, called 1MDB-PetroSaudi Ltd, was formed on September 18, 2009 — the same day PetroSaudi (Cayman) was registered. Under the JV agreement, a clause states that 1MDB-PetroSaudi would receive cash advances of US$700 million, one week after the JV was formed, from PetroSaudi (Cayman) on Sept 25. Th e US$700 million was to have been re-paid in full on Sept 30 — barely fi ve days after the JV received the sum.

Th e PAC raised questions on the existence of the fi ve-day cash ad-vances by PetroSaudi (Cayman). Th ere is no document which shows

that the 1MDB’s board had been no-tifi ed of the US$700 million in cash advance when the JV was formed.

According to the Hansard of the proceeding on Nov 25, 2015, Shah-rol acknowledged that Low had introduced him to Tarek. Howev-er, he noted apart from being the adviser for Terengganu Investment Authority until May 2009, Jho Low had no further role since then.

Th is was at the fi rst proceeding after Datuk Hasan Ariffi n took over as the PAC chairman.

“At that time, as I remember, he was asked by PetroSaudi to ... I think the board invited Prince Turki, but Prince Turki sent his apology and asked Low Taek Jho to represent and answer any questions, but I do not believe Low stayed for the entire meeting,” he told the PAC.

Shahrol said that he did not think Jho Low had been given the power to decide “yes” or “no”, “I think he was asked to be there to just answer questions.”

Shahrol said he could not re-member exactly when he met the offi cials from PetroSaudi following

the letter dated Aug 29, 2009 from Prince Turki to Najib.

He also said he could not recall whether the fi rst board meeting on PetroSaudi was held on Sept 18, 2009.

He said that after 1MDB’s man-agement recieved the letter from Prince Turki, they immediately contacted Patrick Mahony, a Pet-roSaudi director, and some people at the working level.

Shahrol said 1MDB worked to-gether with their counterpart in Pet-roSaudi to discuss the commercial agreements before it got a draft that was actually tabled to the board at the Sept 18 board meeting.

In a damning report, the PAC has said there was proof that 1MDB ex-CEO, Shahrol, and its management had repeatedly ignored strict and specifi c instructions of the board and disregarded corporate govern-ance guidelines.

Th e full transcript of the PAC hearing is available at http://www.parlimen.gov.my/pac/hansard-pac-list.html

Shahrol was able to undertake certain actions without board approval. The Edge fi le photo

http://www.theedgemarkets.com

6 H O M E B U S I N E S S MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY


‘Ringgit seen to stabilise at 3.8/3.9’Downward pressure has eased following oil price recovery, 1MDB debt settlement

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

BY G H O C H E E Y UA N

KUALA LUMPUR: Economists mostly agree that the downward pressure faced by the ringgit has eased following the recovery in crude oil prices and with domestic issues stabilising.

Since the beginning of this year, the ringgit has strengthened by 9.09% against the US dollar, which economists said refl ects the fl ow of positive news.

In contrast, between Jan 1, 2014 and April 7, 2016, the ringgit depre-ciated by 19.2% against the US dol-lar, according to data provided by a local bank. Over the past 12 months alone, the local currency has fallen 8.2% against the greenback, making it the second-worst performer in Asia after the baht, which dropped 8.3%.

RHB Research Institute chief Asean economist Peck Boon Soon said that by the end of this year, the ringgit should stabilise at 3.8/3.9 to the US dollar. He said the asset sales by 1Malaysia Development Bhd (1MDB) and the prospects of the US Federal Reserve (Fed) erasing interest rate hike in its next meeting are refl ected in the ringgit’s health.

However, an increase in inter-est rates could trigger an outfl ow of foreign funds, he said, adding that the board’s decision to raise

the rates twice a year instead of four times helped strengthen the Malaysian currency.

“I expect the ringgit to not weak-en further due to the absence of [negative] political issues. Th e econ-omy is holding up. I don’t think it would hit RM4.48. It could be about RM3.8 to RM3.9, but not in the immediate term,” he told Th e Edge Financial Daily.

Hong Leong Investment Bank research economist Sia Ket Ee said the short-term appreciation of the ringgit could be overdone due to the rush of foreign input for Malaysian equity amounting to RM6.1 billion in March.

Sia said as an oil-producing na-tion, Malaysia should show how serious it is in handling the global oil slowdown and that would be refl ected in the second quarter of 2016.

“Th e pace for the second quar-ter will be slow because of hanging issues such as the global oil pricing and the countdown to the US Fed-eral Open Market Committee (the Fed’s chief body for monetary poli-cy), but these are in the short term.

“Th e sharp increase in the ringgit recently was due to foreign buying of equity in March, but what is im-portant is how serious the country is in overcoming the oil issue,” he

told Th e Edge Financial Daily.Nevertheless, Sia said that in the

long term or even in the second half of 2016, the ringgit is expected to see a boost after greater stability in the oil price.

He said the fear of crude oil pric-es dragging down the ringgit would no longer be there because the fundamental parameters such as current account surplus and the re-calibration of the budget are intact.

“Investment sentiment would get better year-on-year (y-o-y) due to [debt repayment] by 1MDB and the goods and services tax (GST) that would make up for lower rev-enue in the country,” he said.

He said Malaysia might not be aff ected very much by macro devel-opment, seeing that it “walked out” of a hard-pressed period last year.

“Th e negative sentiment [from external factors] might not arise as we have walked out [of ] that diffi -cult period,” he said, adding that the economy managed to sustain the global and domestic issues last year having expanded 4.5% y-o-y in the fourth quarter.

Meanwhile, MIDF Research, in its note dated April 5, said that while the ringgit is strengthening closer to its fair value on the recent developments from both domes-tic and external factors including

the Fed being dovish and news on 1MDB’s debt settlement, the negative sentiment would not be totally written off . Th us it would be diffi cult for the ringgit to reach its “fair value” of RM3.70 for now.

As such, the research house said it would not revise its ringgit av-erage forecast from 4.175 against the greenback to four, and would revise its year-end forecast from four to 3.85.

Nomura Securities Malaysia re-mained constructive on the ringgit from macroeconomic, flow and valuation standpoints.

It said Malaysia benefi ted from resilient growth and domestic consumption, credible fi scal and monetary policies and strength in manufactured exports, which off set weakness in commodity exports.

“We note that our economics team increased their forecast for 2016 gross domestic product growth in Malaysia to 4.3% from 4% follow-ing a stabilisation in China’s eco-nomic data and a consequently re-duced drag from the external sector.

“From a fl ow perspective, we believe the ringgit can remain sup-ported by infl ows into what we be-lieve to be a relatively under-owned bond market.

“Furthermore, risks from politics have further abated with the sale

of 1MDB assets and reduced focus on [Prime Minister Datuk Seri Najib Razak] following the PAC (Public Accounts Committee) investigation into 1MDB, while the opposition remains weak.

“We have expressed our view of ringgit’s outperformance via short Singapore dollar against the ring-git, and continue to hold a high conviction in this position,” it said in a note.

An economist, who asked not to be named, agreed that oil prices have stabilised and domestic issues have waned.

“Th ere is an appetite for change, and the economy should bottom out by the fourth quarter of this year or the latest, the fi rst quarter of 2017.

“Th ings are going to settle down. I would say the average best case for the ringgit would be between 3.95 and 4.15 to the [US] dollar while the base case would be 4.25 to 4.3,” he said.

Having said that, the economist cautioned that the ringgit could decline slightly in tandem with the yuan as China is Malaysia’s largest trading partner.

“However, so far it is all right because the Chinese economy is stable for now. Th e negative nois-es have quietened now,” he said.

PERTH: Time is running out for Sona Petroleum Bhd to secure its proposed qualifying asset (QA). Th e company is now going all out to convince its shareholders to vote for the deal.

Th e special-purpose acquisition company (SPAC) was listed on July 30, 2013. Th is means the deadline for the company to complete its QA is on July 30 this year. If it fails to do so, Sona will have to be liquidated and return all the money in the trust account — amounting to RM495 million as at Dec 31, 2015 — to its shareholders in accordance with Securities Commission Malaysia’s (SC) Equity Guidelines.

Th e QA that the SPAC is trying to get its shareholders to approve is the Stag oilfi eld assets in West-ern Australia. It proposes to acquire a 100% stake in Stag from Quad-rant Northwest Pty Ltd and Santos Off shore Pty Ltd for US$25 million (RM98 million).

“Th ere are messages that were not conveyed in the same means to the shareholders,” Sona managing director Datuk Seri Hadian Hashim told the press during a media trip to the Stag oilfi eld last week.

“We are continuously engaged with them and explaining to them why we are doing this (acquiring the assets),” he said.

“However, I would like to stress

that we will not emphasise any spe-cifi c shareholders, but are looking at every single shareholders at large,” he added.

On March 30, Sona adjourned its extraordinary general meeting (EGM) at the 11th hour, saying shareholders were unclear about the company’s proposed capital repayment of RM80 million.

Hadian said Sona will reconvene the EGM on April 26 for sharehold-ers to decide on the QA deal.

It certainly is a major challenge for the company as the proposal requires 75% shareholder approval. Shareholders who do not support the resolution will be given back their cash value per share.

Certain factions have voiced con-cerns about the QA’s quality and the company’s ability to secure an exten-sion of the licence for the Stag oilfi eld after the current term expires in 2018.

Brushing off these concerns, Hadian said: “Th e equity investment return ratio of more than 15% from the assets to be acquired far exceeds the current cash yield … they could get based on today’s market price.”

Mark Robertson, the managing director of Sona’s subsidiary Sona E&P (Perth) Pty Ltd, said the Stag oilfi eld is currently producing 4,000 barrels of oil per day (bpd), which he thinks can provide the company guaranteed immediate earnings. He explained that the Stag oilfi eld is located in shallow waters, which

helps keep its cost of production low.“Our (current) cost of production

of US$30 is a reasonable margin be-low the Brent crude price of US$40, even before pricing in the premium over Brent of about US$1.50 given Stag oilfi eld’s higher quality oil.

“Additionally, we are cautiously optimistic that oil prices will rise, and we will be developing the asset to reduce cost of production by a further 10% to 20%” he said.

According to Robertson, the to-tal operating cost last year stood at US$52.5 million and the company is targeting to reduce the amount by 10% this year and a further 5% to 10% in 2017.

Going forward, Robertson said

the company intends to undertake infi ll development, estimated to cost US$110 million.

Th is is to be implemented from 2016 to 2018 and is expected to in-crease reserves and total production by over 35%.

Robertson said the infi ll devel-opment will increase production to 4,400 bpd and 5,300 bpd in 2017 and 2018 respectively. On the extension of operating licence, Robertson is optimistic about a renewal being approved, as to date there have been no cases of the Australian regulators rejecting an application for exten-sion. “We have the expertise and we are complying with all criteria set by the authority ... I don’t think

that is a problem,” he said.Stag Crude is a heavy (API 19),

low-sulphur (0.14%), low pour point crude oil with over 50% distillate content. It is usually traded at US$4 or US$5 premium against the Brent Crude.

Sona in 2013 raised a total of RM550 million in the retail and in-stitutional off ering through the pub-lic issue of 1.1 billion new shares with warrants on the basis of one warrant to every one public-issue share. In June 2014, it proposed to acquire two oil and gas blocks from London-listed oil exploration and production fi rm Salamander En-ergy plc in the Gulf of Th ailand for US$280 million.

But the plan was later scrapped following London-listed Ophir En-ergy plc’s proposal to buy Salaman-der via a share swap. Subsequently, it proposed the purchase of Stag oilfi eld for US$50 million, which in-dependent valuation fi rm Gaff ney, Cline and Associates (Consultants) Pte Ltd and the SC deemed as over-priced. Sona then brought the deal back to drawing board and success-fully slashed the acquisition price by half to US$25 million.

Shares in Sona Petroleum closed trading last Friday at 45 sen, bring-ing its market capitalisation to RM634.82 million. Th e current price represents a fi ve sen discount to its initial public off ering price of 50 sen a share.

Filepic of the Stag oilfi eld in Western Australia. Sona proposes to acquire a 100% stake in Stag from Quadrant Northwest Pty Ltd and Santos Off shore Pty Ltd for US$25 million.

H O M E B U S I N E S S 7MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY

Can Asia Brands get its mojo back?Losses are mounting as retailer continues to face challenges

BY B I L LY TO H

BY K A M A R U L A N WA R

KUALA LUMPUR: Losses are mounting at retailer Asia Brands Bhd, whose stable of fashion brands includes Anakku, Audrey, Mickey Junior, B U M Equipment and Die-sel, and its fortunes are unlikely to turn around anytime soon as its business continues to face chal-lenges.

Until recently, Asia Brands was seen as an up-and-coming retail stock to buy, powered by a new management that had bet on ag-gressive expansion to help it grow market share and boost its revenue growth.

Th e group was on track for its next phase of growth with the ac-quisition of Hing Yiap Group Bhd in December 2012 that resulted in an amalgamation of its baby products, Anakku and Disney Baby, as well as popular lingerie brand Audrey and that of casual wear lines such as B U M Equipment, Diesel, An-tioni and Anakku Junior.

Asia Brands had appeared to be making progress, posting a record net profi t of RM30.24 million for the fi nancial year ended March 31, 2014 (FY14), a 76% increase from RM17.2 million in FY13. Revenue for FY14 also grew by 70% to an all-time high of RM320.46 million from RM188.88 million the previous year.

Asia Brands’ share price also hit its all-time high of RM4.08 on Nov 1, 2013, but began a long slide since then. The share price had fallen 51% in the past year to its RM1.20 close on April 7 from RM2.47 on April 8, 2015.

What went wrong?Th e fi rm could not sustain the

improved performance, citing pres-sures from poor economic condi-tions, a weakened ringgit against the US dollar and cautious consum-er spending which, in turn, led to heightened competition.

The wider retail industry was also hit by the implementation of the goods and services tax (GST) in April 2015 that hurt sales.

Th e combination of factors took its toll on Asia Brands as it slipped into a net loss of RM3.85 million for the third fi nancial quarter end-ed Dec 31, 2014 (3QFY15). Its net loss widened to RM5.61 million in 3QFY16, due to weakened consum-er sentiment and a tough operating environment post-GST.

In its annual report 2015, Asia Brands group chairman Ng Chin Huat said the group was overam-bitious in its expansion plan.

“With hindsight, the strategy to expand was an ambitious one aimed at securing bigger retail pres-ence for our brands. We realised that it was not the right timing as we had not foreseen consumer spend-ing to turn so cautious.

“It was indeed a lesson well learnt and we are taking the nec-essary steps to rectify the situa-tion and implement our rational-isation [plan] for the group,” the 46-year-old, who is also a substan-tial shareholder of the company with a 57.05% stake, said.

Ng also noted that the casual wear business had become a drag on the group’s earnings due to un-profi table retail stores.

Looking at the fi nancial results for the cumulative nine-month pe-riod of FY16 ended Dec 31, 2015 (9MFY16) suggests that the group has yet to fi nd its mojo, with a net loss of RM15.49 million.

In a note to clients on Nov 30, 2015, Kenanga Research said Asia Brands’ net loss of RM9.88 million for the six-month period ended Sept 30, 2015 came in below its in-house full-year net profi t estimate of RM1.2 million for FY16.

“In view of the worse-than-ex-pected results, absence of catalysts and the lack of investment inter-ests, we have decided to drop Asia Brands from our core coverage,” it said.

Comparing Asia Brands with other listed apparel retailers such as Padini Holdings Bhd and Bonia Corp Bhd puts the effectiveness of its management in the spot-light. While Bonia also saw a drop in its earnings for the six-month period ended Dec 31, 2015, it still managed to rake in profi t, albeit lower.

On the other hand, Padini’s net

Revenue (RM mil) Net profit (RM mil)

Source: Asia Brands Annual Report 2015

Asia Brands Bhd

-

50

100

150

200

250

300

350

2011 2012 2013 2014 2015 -

5

10

15

20

25

30

35

2011 2012 2013 2014 2015

332.7320.5

192.8

108.9138.2

17.2

13.5

30.8

1.6

13.6

KUALA LUMPUR: Had crude oil prices not dived to the lowest in six years and forced international oil corporations to slash their budg-ets, Cekap Technical Services Sdn Bhd would have made its shares available for public trading by now.

But executive chairman and 50%-owner Sofiyan Yahya still yearns to get the 22-year-old oil and gas (O&G) project manage-ment fi rm listed on Bursa Malaysia, and raise its profi le internationally.

In an interview with Th e Edge Financial Daily, he said it is point-less to have Cekap Technical go for listing now when O&G companies all over the world are spending less, which means less jobs to go around.

“We feel we are fi nancially strong [now] and are able to continue as we are [without the listing]. Our goal for listing is to take the company to the next level.

“If you want to grow the compa-ny and go global, you need bigger teams and more expertise. We are already working internationally, but by listing, we can establish a strong-er footing to go global,” he said.

“When oil companies decide the time is good enough to ramp up activities [again], we will be very keen to revisit listing the company again,” he added.

Likening Cekap Technical to a set of Lego bricks that are “inte-gratable and versatile”, Sofi yan said the company is a knowledge-based fi rm, unlike many of the O&G-re-lated listed companies that are asset-heavy. Tapping its 500-plus engineers’ skills, Cekap Technical provides project management con-sultancy and asset integrity services.

While most of the jobs it has undertaken were contracted by Petroliam Nasional Bhd (Petronas), the company has also experienced working overseas. In 2007, Cekap Technical provided project man-agement services and conducted conceptual studies for Shell Phil-ippines Exploration BV’s Malam-paya gas fi eld’s asset integrity and de-bottlenecking project.

“Our modus operandi or strategy as a project management company is to use all our resources and put [them] together, similar to a Lego set, and off er a total solution for the project we are managing.”

Cekap Technical also provides integrated operation solutions that allow oil companies to operate their businesses remotely.

“Th e collaboration centre

Cekap Technical still has its eye on Bursa

we built for Petronas is a high-tech operation room with sophis-ticated screens and visualisation equipment, which allow Petronas to manage its entire operation and business remotely, and in real time. Th is also means there will be less people in the fi eld and more ex-pertise situated at the centre, thus making the operational and man-agement processes more eff ective,” Sofi yan said.

Had it been listed, he said, Cekap Technical would have expanded its non-O&G project portfolio. It had previously obtained a grant by the science, technology and innova-tion industry to conduct research on improving solar cell effi ciency.

“Malaysia has signed the 2015 United Nations Climate Change Conference. The green industry is now back in vogue and we are very keen to look into it now, such as mini hydro [plants] and [provid-ing] ‘green’ consultancy [services].”

Th ough Cekap Technical’s fi nan-cials are not publicly available, it had previously revealed, during its proposed reverse takeover (RTO) of Ideal Jacobs (M) Corp Bhd with Mecip Global Engineers Sdn Bhd in 2014, that it was ready to guar-antee a net profi t of RM7.4 million in the fi nancial year ended Dec 31, 2014 (FY14).

Th e profi t guarantee would have formed part of the consideration for its shares to be sold to a special-pur-pose vehicle for the now-aborted RTO bid, which was mutually termi-nated due to the protracted slump in crude oil prices.

Th at would indicate a 34% rise from its FY13 profit after tax of RM5.49 million on a revenue of RM88.28 million. Save for the fi rst year of operation, Sofi yan said, Ce-kap Technical had always been in the black, even during the earlier economic downturns, and that “we expect to maintain our profi tability even during the current challeng-ing times”.

He said just like any other O&G-based company, Cekap Technical’s margins are squeezed by Petronas’ contract revisions and capital ex-penditure cuts. Still, being an as-set-light company, he said, Cekap Technical would not be as heavily aff ected because of little-to-no im-pairment charges.

Still, to be prudent, Sofi yan said the company is looking to cut its ex-penditure by 30% this year through increasing effi ciency and stream-

lining roles within the company.

“Our plan is not to retrench any-one if we can help it. We have a fan-tastic team [and] they have been with us for a while. We have been suc-cessful because of

them,” he said.

profi t nearly doubled to RM64.9 million in the six months ended Dec 31, 2015.

Asia Brands’ fi fth consecutive quarter of losses put a dent in its balance sheet. The group saw a higher net debt-to-equity ratio of 0.74 as at Dec 31, 2015, from 0.7 a year ago.

However, the current ratio im-proved from 1.84 to 2.37, while the quick ratio also saw an improve-ment from 0.64 to 0.83, suggesting an improvement in Asia Brands’ ability to repay short-term liabilities.

Th is was probably because of an increase in long-term borrow-ings to RM130 million as at Dec 31, 2015, from RM83 million a year ago, while short-term borrowings were reduced to RM49.8 million from RM97.6 million.

Th is was refl ected in a 15% high-er fi nance cost of RM8.07 million in 9MFY16, compared with RM7.01 million in 9MFY15.

With higher fi nancing cost, mar-gins will be pressured even further unless Asia Brands’ turnaround plan comes to fruition.

Cash fl ow interest coverage had deteriorated to 1.63 times as at Dec 31, 2015, from 3.81 times a year ago, as the operating cash fl ow of the group was aff ected by weakened earnings. While the cash flow is still able to cover the interest paid, it is a cause for concern given that the cash fl ow which covered the interest paid is only at 1.63 times.

On the positive side, Asia Brands’ inventories had come down by 11.2% to RM164.5 million as at Dec 31, 2015, from RM185.2 million a year ago, in line with the group’s direction to clear ageing stocks.

It also has established strong brands to count on, especially its baby product segment whose con-tribution to the group’s revenue grew from 46% in FY14 to 54% in FY15.

Asia Brands has an average 10-year dividend yield of 4.14%, al-though no dividend was declared for FY15. At the current price of RM1.20 per share, it is trading at 0.42 times its book value, with a market capitalisation of RM94.94 million.

Sofi yan: Our strategy is to use all our resources and put (them) together, similar to a Lego set, and off er a total solution for the project we are managing. Photo by Shahrin Yahya

RM

1.0

1.5

2.0

2.5

3.0

April 9, 2015 April 8, 2016

Asia Brands Bhd

RM1.20

8 H O M E B U S I N E S S MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY

Rally in steel stocks may be short-lived — analystsReduction in China’s production capacity does not necessarily translate into a cut in steel exports

BY C H E S T E R TAY

KUALA LUMPUR: Th e recent re-covery in international steel prices has resulted in renewed interest in steel-related companies which has seen share prices climbing over 60% since last month.

However, investment analysts doubt that the share price rally would have legs moving forward, simply because the demand for steel is still relatively weak, in addition to the overcapacity in the industry.

Analysts are cautious about the rally as the uptrend was not driven by fundamental demand.

When contacted, MIDF Research analyst Kelvin Ong stated that buy-ing activities in the past 30 days were mainly driven by the steel suppliers’ inventory replenishment.

“When steel prices are low, pro-ducers don’t like to have a high inventory; now that the price has gone up, they have started to stock up for replenishment, so the de-mand comes from the suppliers, not driven by fundamental demand in steel consumption, like the con-struction sector,” Ong explained.

He expects share prices of the local steel players to normalise

KUALA LUMPUR: Steel and ductile iron piping supplier cum distributor Engtex Group Bhd, which has seen its earnings sliding for the past two consecutive fi nancial years, expects to see better results in its fi nancial year ending Dec 31, 2016 (FY16), as it expects resilient demand from the infrastructure market to lift its earnings.

After its FY13 earnings jumped 75.6% to RM51.22 million from RM29.17 million in FY12, Engtex’s FY14 net profi t came in 14.8% lower at RM43.63 million. It dipped again last year by 7.6% to RM40.34 million, as revenue came in lower by 1.5% to RM1.16 billion, from RM1.18 billion previously.

“People have been saying that the economy is slowing down, but what I notice is that infrastructure [projects] are still moving. From our side, there are new orders coming in every month,” said Engtex man-aging director Datuk Ng Hook in a recent interview with Th e Edge Fi-nancial Daily.

As such, Ng said Engtex has man-aged to replenish its order book monthly, and maintain its tally at around RM95 million.

Th e recent recovery in steel pric-es, albeit a slight one, has also im-proved the prospects for the group,

Resilient demand from infra jobs heralds better FY16 — EngtexBY C H E S T E R TAY as steel is the main raw material in

Engtex’s production. Th is means that when the cost of the material rises, its end products can then be priced higher too, said Ng. Th e re-verse is also true.

So the group is expecting better margins — which are hovering at around 15% currently — at least as far as the fi rst fi nancial quarter ended March 31, 2016 (1QFY16) is concerned. Ng said Engtex usu-ally buys its raw materials one to one-and-a-half months ahead of production.

“When we bought our raw ma-terials, prices were relatively high-er than the point of time when we sold, so we had to price our prod-ucts [down], according to market price. Not only that, we also had to write down our inventory value,” he said of the impact of the slump in prices last year on the group’s balance sheet.

Based on the group’s 4QFY15 fi -nancial results, Engtex had to write down RM2.96 million worth of in-ventories that quarter due to falling steel prices.

Th at, coupled with softening mar-ket demand of certain metal-related trading products and lower contri-bution from its property develop-ment division, caused the group’s net profi t for 4QFY15 to shrink 77.8% year-on-year to RM990,000 from

RM4.46 million, even though reve-nue gained 2.6% to RM292.34 mil-lion from RM284.95 million.

“Lower selling price during that quarter had eaten into our margin. But the good news is [that] we saw some recovery in 1QFY16, but we do not know how long it will last,” he said, but declined to provide any further guidance for Engtex’s unaudited fi nancial results for the said quarter.

Meanwhile, if it’s of any indica-tion of its confi dence in the com-ing months, Ng said Engtex will be spending RM10 million for capital expenditure in FY16 to upgrade its production line, in anticipation of “upcoming demand”.

“We want to upgrade the ductile [iron] pipe that we can produce, from 800mm to 1,200mm, to pre-pare for upcoming demand, not only for the Langat 2 [water] treatment plant — that is a bigger project, that is why everybody is keeping their eyes on it — but we are also seeing some active demand in other states as well,” he said.

“In the pipe manufacturing busi-ness, to extend product range, from upgrading to test run, [and] until we do the marketing to promote our products, these could easily take about two years,” he said, adding that this would mean early prepa-ration pays off .

after the rebound.“Having said that, their profi t-

ability will still depend on glob-al raw material prices, but in the short term, with all factors remain unchanged, it (prices) should be normalised now,” he said.

Malacca Securities Sdn Bhd an-alyst Kenneth Leong concurred, pointing out that although demand remains constant, with higher steel prices, industry players are poised to have better margins.

In March, steel billet and steel bar maker Malaysia Steel Works

(KL) Bhd (Masteel) saw its share price jumped 69% to 63.5 sen as at March 31, from 37.5 sen in the beginning of the month. It contin-ued to climb to a 11-month high of 68 sen last Th ursday, and pared gains to close at 67.5 sen last Fri-day. It has a market capitalisation of RM164.53 million.

Despite the more conducive steel prices, a Public Investment Bank an-alyst said they are still insuffi cient for players like Masteel to break even.

“Masteel’s break-even price should be at about RM1,800 per

tonne. The current price is not enough, but it is better than noth-ing. I would prefer to wait until their fi rst-quarter (ending March 31, 2016) results before forming any opinion,” he said.

Industry players that have en-joyed a similar trend include Ann Joo Resources Bhd and Southern Steel Bhd, which saw their share prices appreciating 63.2% and 42.86% respectively since March 1.

Th e higher steel prices were ini-tially triggered by China’s announce-ment on Feb 29 of plans to lay off 1.8

RM

0.6

0.8

1.0

1.2

April 9, 2015 April 8, 2016

Ann Joo Resources Bhd

RM1.02

RM

0.6

0.8

1.0

1.2

April 9, 2015 April 8, 2016

Southern Steel Bhd

RM1.00

RM

0.2

0.4

0.6

0.8

1.0

April 9, 2015 April 8, 2016

Malaysia Steel Works (KL) Bhd

RM0.675

million workers in the coal and steel industries, about 15% of the work-force from both industries, to curb the overcapacity situation.

Since Feb 29, China domestic steel bar average spot prices have increased by 23.67% to 2,623 yuan (RM1,589) per tonne, from 2,121 yuan per tonne.

Nevertheless, in a research note dated April 5, Kenanga Research analyst Sarah Lim reckoned that the cut in China steel production may not be suffi cient to support local steel demand due to stiff compe-tition from cheaper imports.

“Although China announced in end January 2016 that its steel pro-duction capacity will be cut by 100 to 150 million tonnes, China itself has surplus capacity of circa 300 million tonnes, which means that the cut in production capacity does not nec-essarily translate into a cut in steel exports from China. Th is, therefore, neutralises the positive impact on the local steel sub-sector,” she noted.

Last Friday, Ann Joo closed at RM1.02, one sen or 0.97% lower, val-uing the group at RM510.58 million, while Southern Steel also fell one sen or 0.99% to RM1, with a market capitalisation of RM419.42 million.

“Not only that, [pipe traffi c] con-sumption is also getting higher, es-pecially in sewerage, whereby gov-ernment has been encouraging the use of bigger pipes in the main pip-ing network, while cutting down smaller pipelines, to ease mainte-nance work,” Ng said.

Ng, however, is quick to point out that Engtex’s prospect does not only lie with infrastructure projects from the public sector, but also recurring orders from the private sector.

Engtex’s piping supply business can be divided into two divisions, namely wholesale & distribution (W&D), and manufacturing.

Ng explained that orders from W&D are mainly derived from the private sector, while orders in the manufacturing division mostly come from the public sector.

For FY15, 62.6% of Engtex’s total revenue was contributed by its W&D division, and 33.8% from manufacturing; the remain-ing 3.6% was attributable to its

property development business.Although the W&D division rep-

resents the largest portion of Eng-tex’s total revenue, Ng conceded that the margin from this business is relatively smaller compared with its manufacturing division.

Going forward, Ng remains confi -dent that Engtex’s prospect is bright, and opined that the group’s share price should be trading at dou-ble-digit price-earnings ratio (PER).

“I still think we should [be at] a PER of more than two digits, not to mention that our NTA (net tan-gible asset) is at RM1.60 per share [as at FY15],” he said.

Last Friday, Engtex shares closed at

RM1.19, down one sen or 0.8%, giving it a PER of 8.75 times and valuing the group at RM360.46.

Ng: From our side, there are new orders coming in every month. Photo by Shahrin Yahya

H O M E B U S I N E S S 9MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY

Classic Scenic unfazed by forex volatilityMD expects a better performance in FY16

BY TA N S I E W M U N G

Brosnan: We have been here for more than 30 years. We know the armed forces and they know us as well. Photo by Sam Fong

RM

April 9, 2015 April 8, 2016

0

300

600

900

1200

1500

1.0

1.2

1.4

Vol (’000)

Classic Scenic Bhd

RM1.36

Classic Scenic’s key financial indicators

YEAR 2010 2011 2012 2013 2014 2015

Revenue (RM mil) 56.78 52.26 62.33 52.37 58.41 53.96Profit after tax (RM mil) 11.85 9.31 13.27 9.13 10.12 11.49Profit after tax margin (%) 21 18 21 17 17 21Earnings per share (sen) 9.88 7.76 11 7.58 8.4 9.54Net cash (RM mil) 20.5 19.13 21.72 16.21 16.52 21.39Net dividend payout (%) 91.1 106.4 95.3 105.5 95.4 104.9Net dividend per share (sen) 9 8.25 10.5 8 8 10

KUALA LUMPUR: As the ringgit reverses its losses to trade higher against the US dollar this year, it has brought mixed fortunes to lo-cal companies, raising concerns over lower foreign-exchange (fo-rex) translation gains.

But Classic Scenic Bhd man-aging director (MD) Lim Chee Beng isn’t the least worried about the local currency’s U-turn even though the group exports 99% of its wooden picture frame mould-ings overseas.

Last year, the ringgit had its worst year since 1997, shedding about 20% on the back of plunging oil prices, the prospect of higher US interest rates and the 1Malaysia De-velopment Bhd fi nancial scandal.

However, year to date (YTD), the ringgit has strengthened 8.32% against the US dollar. It closed up 0.37% at 3.9015 last Friday.

In an interview with Th e Edge Fi-nancial Daily, Chee Beng, 53, who is a major shareholder of Classic Sce-nic with a 49.33% stake, dismissed concerns over the volatile forex rate, saying the group’s strong margin will suffi ciently mitigate the risk.

“Our forex gains may be lesser if the US dollar continues to lose its value, but our overall net profi t margin should remain strong at double digits,” he said.

Classic Scenic’s net profi t margin ranged from 17% to 21% between 2010 and 2015. For the fi nancial year ended Dec 31, 2015 (FY15), the group’s net profi t margin stood at 21%.

Underpinned by the group’s hedging policy, Chee Beng does not expect forex volatility to have a signifi cant impact on the group’s fi nancial performance this year.

“We hedged approximately 50% to 60% of our actual or forecast reve-nue at an average rate of 4.1 against the US dollar and the other 40% to 50% is opened to [the] spot rate.

“In the scenario [that the ringgit continues to strengthen against the greenback and] the spot rate is 4, the average realised rate would be around 4.05 to 4.06, which is still higher than our average realised rate of 3.6 in FY15,” he explained.

Th e group saw its net profi t jump 18% to RM2.71 million in the fi rst fi nancial quarter ended March 31, 2015 from RM2.31 million a year ago, mainly due to higher sales revenue from exports of wooden picture frame mouldings and the strengthening of the US dollar. Rev-enue also grew 11% to RM13.91 million from RM12.51 million.

North America remains Classic

Scenic’s main and most lucrative market, with 80% of its revenue coming from the region.

According to Chee Beng, the group will continue to focus on this region. Underpinned by US economic recovery, he is expecting performance in FY16 to be better than last year, with the group’s rev-enue growth to be at 10%.

Th is may also allow Classic Sce-nic to declare a higher dividend, he noted.

Th e group, which had a net cash of RM21.39 million as of end-De-cember 2015, declared a dividend of 10 sen for FY15, up from eight sen last year, giving it an attractive yield of 7.4%.

“Overall, we expect our business to improve in FY16 in view of the recent US Federal Reserve’s (Fed) announcement of positive eco-nomic indicators,” Chee Beng said, adding that Classic Scenic’s orders from the United States have started increasing since the beginning of this year compared with a year ago, promising continued strong sales growth from the region.

Classic Scenic saw its revenue for FY15 fall 8% to RM53.96 mil-lion from RM58.41 million in FY14, which Chee Beng attributed to a high base eff ect in FY14 when the group’s major customers increased their orders based on the Fed’s pos-itive projection and economic out-look.

However, the actual US economy recovery was not as good as what the Fed had projected, said Chee Beng, resulting in the group’s major customers being in an overstock position and hence, they had to reduce their orders in 2015.

Last year, the group saw its ex-port sales to North America drop RM9.6 million to RM36.9 million.

On investors’ concerns over Classic Scenic becoming too de-pendent on a single market, Chee Beng said: “We know the risk of that. Th e worst-case scenario we experienced was during the Sept 11, 2001 attacks in the US, which led to our share price diving to 30 sen. In that case, we just earned less. But we have never posted losses in our business.”

In the past 52 weeks, Classic Sce-nic shares have traded between a low of RM1.09 and a high of RM1.40. It closed one sen or 0.74% higher at RM1.36 last Friday, giving it a market capitalisation of RM163.88 million.

YTD, the counter has risen by 5.4% from RM1.29 on April 8, 2015.

Interestingly, the counter con-tinued to see its major share-holder and co-founder Lim Chee Khoon, 60, who retired as an ex-ecutive director in 2014, dispose of the group’s shares. As at April 4, his shareholding was reduced to 10.66% from 13.8% as at April 10, 2015. Chee Khoon is the older brother of Chee Beng.

“We have no idea about his per-sonal agenda. However, the reduc-tion in his stake would be benefi cial to investors as this would increase share liquidity,” said Chee Beng.

As at Dec 24, 2014, the Lim fam-ily-owned Lim Ket Leng Holding Sdn Bhd held a 49.33% stake in Classic Scenic.

BY C H E S T E R TAY

KUALA LUMPUR: BAE Systems (In-ternational) Ltd, a UK multinational defence, security and aerospace com-pany that has been vying for the con-tract to replace the Royal Malaysian Air Force’s (RMAF) Russian-made Mikoyan MiG-29 fi ghter jet fl eet since 2011, remains keen on the deal.

And in the current challeng-ing economic environment when governments all around the world are tightening their expenditure, it believes it has the better off er on the table.

Th e company’s Southeast Asia and India managing director John Brosnan, in an interview with Th e Edge Financial Daily recently, said BAE Systems is keen on bidding for new orders under the Malaysian government’s Multi-Role Combat Aircraft (MRCA) programme, which involves the potential order of 18 multi-role fi ghter jets to replace the MiG-29.

“We were looking at whether there are new requirements and the most obvious one is the MRCA programme for the MiG-29 replacements, where we are off ering our [Eurofi ghter] Ty-phoon aircraft,” he said.

Malaysia in 2011 issued a brief request for proposals of fi ghter jet off erings. Last September, Reuters, quoting a senior diplomatic source, reported that France was confi dent that it would sell 18 Dassault Rafale fi ghter jets to Malaysia after sub-mitting a formal proposal.

Rafale is a French twin-engine multi-role fi ghter aircraft designed and built by Dassault Aviation SA, similar to that of the Typhoon aircraft.

As the government has yet to decide on which aircraft it would pick to replace its fl eet of MiG-29, Brosnan believes that BAE Sys-tems’ Typhoon aircraft will stand out among its competitors due to its high availability rate.

Th e aircraft availability rate meas-ures the reliability of an aircraft when it is in service. Th e Typhoon, accord-ing to Brosnan, has a 95% availability rate, the highest among its peers.

Aside from the aircraft’s capabili-ty, he also highlighted BAE Systems’ over-30-year history in Malaysia, its strong track record here and its friendly relationship with the Malaysian armed forces, which it believes are crucial factors in se-curing such sales.

“We have been here for more than 30 years. We know the armed forces and they know us as well. And BAE Systems supplies more equipment

BAE Systems still keen on Malaysia’s fi ghter jet replacement programme

to the Malaysian armed forces than any other companies locally. It also has more equipment in service here than any of its peers,” Brosnan said.

Brosnan was also proud to note that “a lot of the equipment we supplied, we supplied a long time ago, and they are all still in good service, still in good shape”.

This, he said, is an especially important factor, given that times are now challenging — not just for Malaysia, but the world over.

Reliability aside, aff ordability is also a key factor. In Budget 2016 an-nounced by Prime Minister Datuk Seri Najib Razak last year, funds al-located to the armed forces were re-duced to RM17.3 billion from RM17.7 billion in the previous year’s budget.

While the unit price of a Ty-phoon aircraft varies due to dif-ferent weaponry requirements, Bro-snan said the company can look at options like deferred payments to mitigate the short-term economic burden on its customers.

“We can work with the UK gov-ernment or credit agencies to off er deferred payments. Although we are not having this conversation with the Malaysian government, there is a possibility that we can spread payments over a long term until the economy improves.

“We need to work on aff ordable solutions, so we try to work as in-novatively as we can to fi nd solu-tions that work under the current economic situation,” Brosnan said.

Another option, he said, is to up-grade equipment that are current-ly in service rather than replacing them with a completely new set, adding that BAE Systems is in talks with the Royal Malaysian Navy and RMAF on upgrading their fl eets.

Th is would cost only a fraction of a new ship or aircraft, while up-grading capabilities and extending the lifespan of existing fl eets.

“Th ese are the things that we are discussing with the ministry of de-fence and the armed forces about. This kind of solution seems to be of interest to the government here, so we are focusing on that,” he said.

Notwithstanding that, he said a ship or aircraft’s lifespan will even-tually come to an end, “and we can see that in the MiG-29 here”.

“With the threats and pressures in this region, I think there comes a need for modern armed forces, and the fi ghter jet replacement pro-gramme is a refl ection of that. So I think that programme will need to proceed at some point in the next year or two,” Brosnan opined.

Our forex gains may be lesser if the US dollar continues to lose its

value, but our overall net profi t margin

should remain strong at double digits.

1 0 ST O C KS W I T H M O M E N T U M MONDAY APRIL 11 , 2016 • 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.

I-BHD (+ve) I-BHD

(ALL FIGURES IN MYR MIL)

FY12

31/12/2012

FY13

31/12/2013

FY14

31/12/2014

FY2015Q4

31/12/2015

Financials

Turnover 66.7 152.1 261.1 74.1EBITDA 24.9 65.6 80.8 24.8Interest expense - - - -Pre-tax profit 18.2 53.0 69.4 21.4Net profit - owners of company 16.8 44.0 53.4 15.7Fixed assets - PPE 52.2 65.0 99.3 97.4Total assets 179.5 219.7 970.3 1,008.4Shareholders' fund 177.2 216.8 762.8 802.7Gross borrowings - - - -Net debt/(cash) (16.2) (7.1) (163.5) (96.5)

I-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

2.402.30

12.45(0.64)

0.672.79

535.39991.46

1.330.47-0.64

*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

I-BHD

RATIOS

FY12

31/12/2012

FY13

31/12/2013

FY14

31/12/2014

ROLLING 12-MTH

DPS ($) 0.04 0.06 0.02 0.02Net asset per share ($) 1.55 2.04 1.05 0.81ROE (%) 9.93 22.32 10.90 6.98Turnover growth (%) 144.80 128.26 71.62 (1.43)Net profit growth (%) 1,156.67 161.44 21.48 (19.45)Net margin (%) 25.23 28.90 20.46 16.71ROA (%) 9.81 22.03 8.98 5.56Current ratio (x) 1.74 1.77 5.24 4.39Gearing (%) - - - -Interest cover (x) - - - -

GABUNGAN AQRS BHD (+ve) GABUNGAN AQRS BHD


FY12

31/12/2012

FY13

31/12/2013

FY14

31/12/2014

FY2015Q4

31/12/2015

Financials

Turnover 319.5 406.3 534.2 46.9EBITDA 35.3 59.5 116.1 6.6Interest expense 3.1 4.2 6.0 2.5Pre-tax profit 31.9 72.5 106.3 0.6Net profit - owners of company 21.6 42.8 52.9 0.5Fixed assets - PPE 11.2 18.0 54.5 55.1Total assets 234.6 299.1 357.1 374.2Shareholders' fund 215.4 251.2 333.1 321.0Gross borrowings 64.0 134.2 173.4 293.9Net debt/(cash) (26.0) 70.8 125.1 250.7

GABUNGAN AQRS 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-

335.82390.48

0.840.82-1.35

*Valuation score - Composite measure of historical return & valuation**Fundamental score - Composite measure of balance sheet strength

& profitability

Note: A score of 3.0 is the best to have and 0.0 is the worst to have

GABUNGAN AQRS BHD

RATIOS

FY12

31/12/2012

FY13

31/12/2013

FY14

31/12/2014

ROLLING 12-MTH

DPS ($) 0.02 0.02 - -Net asset per share ($) 0.61 0.71 0.86 0.82ROE (%) - 18.36 18.12 (3.15)Turnover growth (%) - 27.16 31.47 (48.98)Net profit growth (%) - 98.21 23.60 -Net margin (%) 6.76 10.54 9.91 (3.63)ROA (%) - 16.05 16.14 (2.65)Current ratio (x) 1.75 1.63 1.43 1.30Gearing (%) - 28.18 37.54 78.10Interest cover (x) 11.45 14.05 19.33 1.29Stock has momentum but weak fundamentals

ECONPILE HOLDINGS BHD (-ve) ECONPILE HOLDINGS BHD


FY14

30/6/2014

FY15

30/6/2015

FY2016Q2

31/12/2015

Financials

Turnover - 418.7 429.0 110.6EBITDA - 61.1 80.2 27.5Interest expense - 1.8 1.1 0.4Pre-tax profit - 45.6 63.1 22.4Net profit - owners of company - 31.0 46.6 16.6Fixed assets - PPE - 48.7 67.7 65.6Total assets - 180.3 215.9 239.7Shareholders' fund - 166.8 200.0 225.7Gross borrowings - 29.9 23.2 28.5Net debt/(cash) - (44.2) (23.8) (36.1)

ECONPILE HOLDINGS 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

--

11.81-

3.011.97

679.45535.00

1.170.77-1.28

*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

ECONPILE HOLDINGS BHD

RATIOS

FY14

30/6/2014

FY15

30/6/2015

ROLLING 12-MTH

DPS ($) - - 0.03 0.03Net asset per share ($) - 0.31 0.37 0.42ROE (%) - - 25.42 -Turnover growth (%) - - 2.46 -Net profit growth (%) - - 50.27 -Net margin (%) - 7.41 10.87 13.39ROA (%) - - 23.53 -Current ratio (x) - 2.18 2.24 2.23Gearing (%) - - - -Interest cover (x) - 34.73 75.82 72.65

GABUNGAN AQRS Bhd (fundamental: 0.15/3; valuation: 0.3/3) was highlighted as a “red flag” Stock With Momentum by our proprietary al-gorithm last Friday, suggesting that investors should exercise extra caution while trading. This was also the first time it triggered our momentum algorithm.

The stock closed 1.5 sen or 1.74% lower at 84.5 sen that day, after 1.7 million shares were traded, compared to its 200-day average vol-ume of 422,240 shares.

In a bourse filing dated Apr 6, the compa-

ny said its 52%-owned subsidiary, Prestige Field Development Sdn Bhd, has entered into a sale and purchase agreement to dispose of a piece of 7.977-acre land in Selangor for RM50.38 million.

Gabungan AQRS said the land sale was to raise funds as working capital and/or repay-ment of bank borrowings of Prestige Field De-velopment, in line with its de-gearing exercise to strengthen its financial footing.

At its current share price, the stock is trad-ing at 1.02 times its book value.

SHARES of property developer I-Bhd (funda-mental: 3/3; valuation: 2.4/3) triggered our mo-mentum algorithm for the first time on Friday. The counter closed 1 sen or 1.85% higher at 55 sen last Friday, after hitting a peak of 55.5 sen earlier, with some 2.96 million shares traded. In comparison, its 200-day average volume stood at 539,793 shares.

Last month, I-Bhd launched a RM1 billion high-end luxurious residential project, 8Kia-Peng, in the central business district vicinity of the Kuala Lumpur City Centre (KLCC).

For its financial year ended Dec 31, 2015 (FY15), I-Bhd’s net profit fell 19.5% year-on-year to RM43 million due to lower revenue from property development and property invest-ment. Its revenue slid 1.4% to RM257.4 million from RM261.11 million a year ago. The group's unbilled sales as at end-2015 stood at RM691.7 million, up from RM546.3 million a year ago.

The stock currently trades at a trailing 12-month P/E of 12.45 times and is at 0.67 times its book value. Its trailing 12-month dividend yield is at 2.79%.

SHARES of Econpile Holdings Bhd (fundamen-tal: -/3; valuation: -/3) triggered our momen-tum algorithm for the first time, on Friday. It closed 5 sen or 3.94% higher at RM1.32, after some 4.47 million shares changed hands. In comparison, its 200-day average volume is 807,117 shares.

The piling specialist also bagged a RM54.5 million contract last week. In a bourse filing, Econpile said its wholly-owned subsidiary, Econpile (M) Sdn Bhd had received a letter

of award dated Mar 31, 2016 from Prestij Per-mai Sdn Bhd to undertake the substructure works for a commercial development in Shah Alam. The contract is expected to complete in November 2017.

Econpile expects the contract to contribute to its revenue and earnings for the financial year ending June 30, 2016 (FY16).

The stock currently trades at a trailing 12-month P/E of 11.81 times and is at 3.14 times its book value.

http://events-malaysia.theedgemarkets.com/

1 2 P R O P E RT Y S NA P S H T MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY

MM2H applicants down by half

E-commerce set to impact property market

Staying relevant to the future

A landed home with a beautiful straits view for RM500,000

Eleven hospitals recognised as ‘green’

MOST READ ONTheEdgeProperty.com

trend analysis

latestclassifi ed

listingsand more

FREE transaction

datanews analytics

Values hold in Jalan Ipoh• Th is week, the spotlight falls on the secondary market of non-landed

residences along one of Kuala Lumpur’s oldest arterial roads, Jalan Ipoh.

We examine the stretch of Jalan Ipoh beginning from the intersection with

the Middle Ring Road 2 at the north, passing the neighbourhoods of Jinjang,

Batu, and Segambut, to terminate at the intersection with Jalan Tun Razak

in Sentul. In 2014, the southern half of Jalan Ipoh had been renamed Jalan

Sultan Azlan Shah.

• Based on Th eEdgeProperty.com’s analysis of transactions, the average

transacted price of non-landed residences had been steadily appreciating

over 2013 and 2014. Th e average price had dipped in 4Q2014 due to a higher

proportion of lower-end sales before rebounding to a new high of RM509 psf in

1Q2015. Th is represented an outstanding 14.9% y-o-y growth from RM356 psf

in 1Q2014, following an already strong 12.2% growth in the preceding year.

• However, while the average price charted steady growth, transaction volume

for the 12 months to 1Q2015 had receded 33.1% y-o-y from 350 units to 234

units. Buyers may have been drawn to the primary market.

• Upcoming projects are mostly located around the Taman Wahyu lakes at the

north. Th ey include Crown Residence by HR Group, DeSkye Residence by Ebic

Group, Eco Sky by Eco World Development Bhd, Kiara East by SBC Corp Bhd

and Lakeville Residence by Mah Sing Group Bhd.

• Th e market will likely pick up as the MRT Sungai Buloh-Serdang-Putrajaya

(MRT2) Line begins to take shape. Jalan Ipoh is set to receive two new

stations: one at Kampung Baru, with an interchange connecting to the existing

Kampung Baru LRT station, and one at Kentonmen.

The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available.

Jalan Ipoh non-landed residential average price

Jalan Ipoh non-landed residential transaction volume

Source: TheEdgeProperty.com

Source: TheEdgeProperty.com

RIO DE JANEIRO: Centuries-old traditions that led to 430 people owning half of Scotland’s private-ly held land are soon to become history as local communities seek to double their ownership in the nation known for its rugged land-scape, sheep and fi ne whisky.

While inequality of land owner-ship is more often associated with developing nations, Scotland em-barked on a campaign to ensure land was an asset for the many, not the few, with a landmark bill introduced to the Scottish parliament in 2015. Th e move came amid growing tension over the dominance of large, often absent, landowners whose hold over the country dates back to an era when Scotland was a largely agricultural nation run by the wealthy gentry.

“Th is is about local communi-ties taking control over their own destiny from absentee landlords,” Peter Peacock, a former member of the Scottish parliament, cam-paigner and co-author of a briefi ng paper on the reforms, told Reuters. “Scotland’s land grabs took place a couple of hundred years ago ... now communities are trying to get some balance of ownership.”

Th e package of changes, con-tained in the 2015 Land Reform Bill, defi nes land as a fi nite resource

Scotland moves against rich gentryBY C H R I S A R S E N AU LT

that must be protected in law for the common good and in the public in-terest. Th e third stage of a detailed, 10-part bill was passed in March and paves the way for a new land register to ensure greater transpar-ency of land ownership and im-provements to community rights to roam common land.

Part of the push to rebalance property interests is also designed to encourage young people back to live and work in rural and wil-derness areas. To help them, the Scottish government has been of-fering free land grants to commu-nity groups, so long as they live and work in the area, said Peacock.

Aileen McLeod, Scotland’s envi-ronment, land reform and climate

change minister, has also com-mitted more than US$14 million (RM54.9 million) annually until 2020 to help communities buy land.

A 2014 report for the Scottish government found that 432 indi-viduals own 50% of the land in rural Scotland. It said half of the territo-ry’s land is owned by 0.008% of the population of more than 5.3 million people, an “exceptional” level of inequality for a democracy.

Peacock said much of Scotland’s land inequality can be traced back to a system of aristocratic inher-itance, coupled with a violent cam-paign in the 1800s to clear small farmers and residents off their land to make way for large sheep hold-ings. — Reuters

BEIJING: Th ere are downside risks for the China property market in the second quar-ter because of the tightening measures reintroduced to some cities, a Chinese government researcher said.

The curbs in first-tier cit-ies are limiting property sales growth, Zhang Changcai, depu-ty director-general at the infor-mation research department of the State Council, said at a con-ference in Beijing on Saturday.

Chinese authorities are seek-ing to stimulate the economy without fuelling bubbles in the property market. Home sales in Shanghai tumbled 60% in the week after the municipal government on March 25 un-veiled a package of curbs, in-cluding stricter approval criteria for non-resident homebuyers and higher down-payment re-quirements for second homes.

Th e second quarter will be a challenging period for devel-opers because of the tightening in Shanghai and Shenzhen, as well as declining sales in sec-ond-tier markets, industry con-sultant E-House co-president Ding Zuyu said in Shanghai last Friday. — Bloomberg

‘Downside risks for China property sales’

Riders in a fi eld in southern Scotland. A 2014 report found that 432 people own half the land in rural Scotland. Photo by Reuters

B R O K E R S’ C A L L 1 3MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY

RSPO suspension to aff ect IOI Corp’s CSPO premiumIOI Corp Bhd(April 8, RM4.51)Maintain neutral with a target price (TP) of RM4.86: It was re-ported that three of the world’s major food and consumer prod-uct companies, namely Unilever plc, Mars Inc and Kellogg Co, are looking to drop IOI Corp Bhd as their palm oil supplier due to the suspension of its Roundable on Sustainable Palm Oil (RSPO) cer-tifi cation this month. We maintain our “neutral” call on IOI Corp with an unchanged TP of RM4.86 for now as it is premature to factor in any impact from this issue.

IOI Corp was informed by the RSPO secretariat on March 25 that its RSPO certifi cation for the en-tire group’s palm oil production would be suspended from April 4,

following complaints by non-gov-ernmental organisations (NGOs) about violation of RSPO criteria in the plantation estates of IOI Corp’s Indonesian subsidiaries. Th e sus-pension will last until the submitted action plan is accepted and when peer reviews of high-conservation value assessments have been per-formed.

Unilever announced that it was in the process of disengaging with IOI Corp and had a set a time-bound plan to do this over the next three months, as the RSPO suspension had breached Unile-ver’s sustainable palm oil policy. Following that, it was also report-ed that US food and confection-ary producers Mars and Kellogg were in the process of terminating supply contracts with IOI Corp’s

Muhibbah Engineering (M) Bhd(April 8, RM2.35)Maintain buy with a target price (TP) of RM3.05: Based on our as-sessment of packages awarded by Petroliam Nasional Bhd to various main contractors in 2014, we reckon that the infl ux of project sub-awards in the Refi nery and Petrochemical Integrated Development (Rapid) will hit the tipping point and accel-erate in the fi nancial year ending Dec 31, 2016 (FY16), as the com-mission date of 2019 is impending.

Construction of core infrastruc-ture for refi nery processes, such as crude distillation and kerosene hydro-treatment, should take place in the near term for Rapid to start commissioning within targets.

We believe Muhibbah Engineer-ing (M) Bhd’s suffi cient working capital and retained earnings allow it to undertake a few Rapid-related projects simultaneously. Its work-ing capital and retained earnings have grown to 40% and 32% re-spectively over the past six years.

Th is illustrates ample fi nancial headroom to expand and undertake subcontracting roles from the fi ve main contractors despite incurring

additional costs, such as mobilisa-tion fees and performance bonds.

We view that Muhibbah will be the front runner to secure hy-dro-treatment and distillation in-frastructure subcontract packages in the structural construction seg-ment. Despite the capital intensity for executing projects as a sub-contractor, we are not estimating any signifi cant exposure to margin erosion. Th is is due to Muhibbah’s diversifi ed earnings profi le, which is well supported. For example, operating income from its airport concessions in Cambodia grows at a rate of 44%. Having said that, we reiterate our earnings estimates for FY16 estimate (FY16E) and FY17E.

We maintain our “buy” recom-mendation with a TP of RM3.05 based on our sum-of-parts valu-ation. Muhibbah’s share price is trading at an undemanding implied price-earnings ratio of 9.5 times, be-low its peers’ median of 15.7 times.

Muhibbah’s current enterprise value/earnings before interest, tax-es, depreciation and amortisation of 12.2 times is below its peers’ median of 13.9 times, implying an attractive discount. — MIDF Research, April 8

Malaysian real estate investment trust (M-REIT) sectorMaintain overweight: We current-ly maintain “overweight” on the sector and continue to prefer retail M-REITs (Pavilion REIT and IGB REIT) over non-retail or diversifi ed M-REITs. We believe that investor appetite will remain strong for these stocks due to their low-risk factor (stable occupancy and rental rates), coupled with macro reasons such as the country’s resilient consump-tion spending, the improving ringgit outlook and low global interest rates that continue to underpin interest in M-REITs. Th is is refl ected by IGB REIT’s and Pavilion REIT’s wider yield compression against Malay-sian government securities yields. Retail M-REITs continue to benefi t as their retail mall assets have close proximity to major offi ces and ac-

cess to major roads, transportation lines and ample parking spaces, and are in the heart of prime shopping commercial areas, while serving a radius of huge population with higher income levels. Th ese factors have enabled super-regional malls such as Suria KLCC, Pavilion Kuala Lumpur and Mid Valley Megamall to dictate the rental rate direction of tenants. Th ere will be an estimated 16 million sq ft of net lettable area from the retail market, while 11.7 million sq ft will be from the offi ce market coming into the Klang Valley from 2016 to 2021.

In the offi ce market, negative impact will largely be on older of-fi ce stocks in Kuala Lumpur (40% of the stocks at 15 to 20 years old), as we expect a migration of tenants to newly completed offices. On the retail front, the bulk of the in-

coming and planned supply (12.5 million sq ft) in the Klang Valley is mostly concentrated in suburban Kuala Lumpur and Selangor (from 2016 to beyond 2018). Hence, the impact on prime city centre malls is minimal. IGB REIT will be sus-tained by its stable occupancy rates of about 100%, being a key suburban super-regional shop-ping destination. Its 2016 estimate (2016E) to 2018E distribution per unit (DPU) yields are at 6% to 6.5%. Pavilion REIT remains a key shop-ping destination in the prime are-as of Kuala Lumpur and captures a huge market of higher-income visitors. We expect yield accretion of its recent acquisitions to grad-ually improve in the longer term. Its 2016E to 2018E DPU yields are at 5.6% to 6.4%. — Affi n Hwang Capital, April 8

IOI Corp Bhd

FYE JUNE (RM MIL) 2014A 2015A 2016F 2017F 2018F CAGR (%)

Revenue 11,910.6 11,621.0 11,972.6 12,581.5 13,209.5 2.6Gross profit 1,800.4 1,347.2 1,662.0 1,765.6 1,873.4 1.0Pre-tax profit 1,670.8 457.0 1,554.7 1,668.1 1,782.2 1.6Core net profit 1,302.7 957.0 1,169.7 1,255.1 1,341.0 0.7EPS (sen) 20.5 15.0 18.4 19.7 21.1 0.7PER (x) 21.9 29.8 24.4 22.8 21.3 -DPS (sen) 20.0 9.0 9.3 10.0 10.6 -Dividend yield (%) 4.5 2.0 2.1 2.2 2.4 -Source: Company, PublicInvest Research estimates

subsidiary IOI Loders Croklaan. IOI Corp’s RSPO membership was fi rst suspended in April 2011, due to allegations by several NGOs and the local community regard-ing its plantations in Sarawak. It

took nearly two years to lift the suspension in 2013.

According to IOI Corp, the RSPO suspension will aff ect its certifi ed sustainable palm oil (CSPO) premi-um earned, which is less than 0.5%

of its revenue. At 0.5%, this trans-lates into RM60 million or about 4% of our fi nancial year ending June 30, 2017 (FY17) earnings forecasts.

For FY15, upstream planta-tion earnings made up 66% of the group’s earnings, while downstream contributed the remaining 34%. Th ough it might aff ect about 4% of our full-year earnings forecast, we think that the losses could be mit-igated by the positive crude palm oil price outlook.

Nevertheless, we remain con-cerned about other unquantifi able losses including reputational risk and fi nancial risk in the future as the group has extensive dealings with multinational companies, in-cluding Unilever, in the European region. — Public Investment Bank, April 8

Investor appetite to remain strong for REITs

Muhibbah seen undertaking a few Rapid-related projects

Muhibbah Engineering (M) Bhd

FYE DEC (RM MIL) 2013 2014 2015F 2016F 2017F 2018F

Revenue 1,936.4 1,692.8 2,085.1 2,206.7 2,217.0 2,580.0Ebit 104.9 110.9 178.8 322.3 191.3 230.0Pre-tax profit 20.0 145.1 183.1 330.1 174.9 209.0Patami 86.4 81.4 107.7 109.4 136.3 136.6EPS (sen) 19.7 17.7 23.6 48.7 32.0 39.0EPS growth (%) >100 -10.5 33.6 106.2 33.3 21.8PER (x) 10.9 10.6 9.7 4.8 10.1 7.6Net dividend (sen) 4.5 4.0 5.0 5.0 5.0 5.0Net dividendyield (%) 2.0 2.1 2.2 2.1 2.2 2.2 Source: Bloomberg, MIDFR

A night view of Suria KLCC in Kuala Lumpur. Super-regional malls are able to dictate the rental rate direction of tenants. Photo by Shahrin Yahya

1 4 B R O K E R S’ C A L L MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY

Possible reduction in rubber gloves sector earnings

LPI Capital Bhd(April 8, RM15.72)Maintain underperform with target price (TP) of RM14.20: LPI Capital Bhd reported a net profi t (NP) of RM65.4 million in the fi rst fi nancial quarter ended Mar 31, 2016 (1QFY16), which made up 24% of our and consensus full-year estimates. As expected, no dividend was declared under the quarter reviewed.

Year-on-year, 1QFY16 reve-nue increased by 10%, driven by the higher gross earned pre-mium (+11%) in the general in-surance segment. Meanwhile, improvement in other income (+12%), which was mainly boost-ed by better commission income (+13%), also partly contributed to the growth. Earnings before inter-est and tax improved by a wider quantum of 15.4%, underpinned by a lower claims incurred ratio of 43.1% (-6 percentage points [ppts]) despite a higher commis-sion expense ratio of 21% (+2.2 ppts) and a higher management expense ratio (+6 ppts).

Quarter-on-quarter, 1QFY16

NP declined by 36% on a retrace-ment of net earned premiums (-22%) coupled with the high earnings base in 4QFY15, which was boosted by the realised capital gains of RM36.9 million from Pub-lic Bank Bhd shares sale. Looking at the key ratios, the claims in-curred ratio and combined ratio were higher with both dragged by lower net earned premiums. Meanwhile, the retention ratio was lower at 53.6% (-7.5 ppts).

Net earned premiums could be capped moving forward in a subdued economy. Since 2013, net earned premiums growth has been in the single digits and we believe the trend would extend in FY16.

Post results, we raised our TP to RM14.20 from RM13.66 as we rolled over our valuation base year from FY16 to FY17. Th is is based on an unchanged blended FY17 price-earnings ratio (PER)/price-to-book value (P/BV) of 17 times/2.5 times (both based on LPI’s average fi ve-year PER and P/BV). — Kenanga Research, Apr 8

LPI Capital’s 1Q revenue driven by higher gross earned premium

Rubber gloves sectorMaintain market weight: Share prices of glove companies have plunged by 20% to 34% since the beginning of the year, spooked by the steep 8.9% year-to-date (YTD) appreciation of the ringgit to below the RM4 per US dollar threshold (RM3.91 per US dollar currently). Top Glove Corp Bhd, which post-ed the largest share price gain last year (+200%), saw its share price shed 23% YTD, while the decline in Hartalega Holdings Bhd’s share price was more modest at 20%. Ko-ssan Rubber Industries Bhd posted the most signifi cant share price de-cline (-34% YTD) within the sector.

Barring any adjustment to av-erage selling prices, we conducted sensitivity tests on glove makers’ earnings (based on an average fi -nancial year 2016 [FY16] to FY18 foreign exchange rate of RM3.80 per US dollar scenario) and found a possible sector-wide aggregate reduction in industry earnings of up to 25% to 26%, with Top Glove being the most impacted glove stock under our coverage due to its low-

er degree of natural hedge amid its proportionately smaller nitrile glove production mix of 32% (as compared with 75% to 80% and above 90% for Kossan and Hartalega respectively).

We reiterate “market weight” on the sector as we believe the valua-tions of most glove companies have fully priced in cost savings from softening raw material prices and future capacity expansion plans. We retain Kossan as our sector pick. Kossan’s share price has shed the most among glove companies since Jan 16, and also saw valuation re-trace back to its historical mean valuation. Th e stock has the lowest price-earnings ratio (PER) multi-ple (14 times 2017 forecast PER) within our glove sector coverage (as compared with 16 times and 23 times for Top Glove and Hartalega respectively).

We maintain “buy” on Kossan with an unchanged target price of RM7.75. We believe its value has re-emerged following the steep 34% YTD pullback in its share price. Furthermore, we expect Kossan to

deliver gradual margin expansion in 2017, underpinned by produc-tivity gains (arising from its push for a degree of automation) and the sustained weakness in raw materi-al input prices, while its four-year strategic expansion plan should off er investors a good long-term earnings visibility.

We recommend “sell” on Har-talega as most of the positive near-term catalysts have been largely re-fl ected in its current rich valuation of 23 times 2017 forecast PER. We deem Hartalega’s valuation as pricey on expectations of earnings growth normalising to 10% to 12% post 2016. As such, we believe Hartale-ga’s lofty valuation ignores the risk of long-term margin erosion arising from intensifying pricing pressure. Furthermore, its near-term earnings growth could be crimped by the recent strengthening of the ringgit against the US dollar, while over the longer term, the nitrile glove segment is set for more challenging times when the industry’s capacity expansion eventually outstrips de-mand. — UOB Kay Hian, April 8

Telecommunications sectorMaintain neutral: Malaysian Wire-less has revealed that Celcom Axiata Bhd is extending its off er of the First Gold post-paid plan at RM80 per month by two months to May 31. Recall that this package, launched in November last year, was fi rst priced at RM100 per month for the unlim-ited voice and short messaging sys-tem (SMS) option. Th is plan off ers 10 gigabytes (GB) of mobile Internet, split between 5GB of mobile data and 5GB of weekend data (1.25GB for every weekend), an additional 5GB of WiFi and rollover of unused Internet data of up to 5GB.

As a comparison, U Mobile Sdn Bhd’s unlimited call option still pro-vides the highest data quota at 15GB data for its RM70 per month Hero package — which translates into RM5 per GB versus Celcom First Gold’s RM8 per GB. However, Cel-com’s package is still competitive as its service coverage and quali-ty are acknowledged to be better than U Mobile’s. DiGi.Com Bhd’s

Rubber gloves sector

PRICE @ 8 APR TARGET MARKET CAP PER (X) PB (X) DIV YIELD (%)COMPANY REC 2016 (RM) (RM) (US$ MIL) 2015 2016F 2017F 2016F 2016F

Kossan Rubber Buy 6.15 7.75 1,003.6 19.3 16.4 14.3 4.1 2.5Top Glove Hold 5.26 5.47 1,684.0 23.3 16.4 15.7 3.6 3.0Hartalega Holdings Sell 4.75 3.45 1,989.1 28.2 25.1 22.9 4.0 2.1Supermax NR 2.75 na 472.9 14.8 13.5 11.7 2.4 1.7Source: UOB Kay Hian

Telecommunications sector

MARKET FAIR EV/EBITDA PER DIVIDEND ROE NET DEBT/ CAPITAL- VALUE YIELD FY16FSTOCKS CALL ISATIO RM/ FY16F FY17F CY16F CY17F CY16F CY17F CY16F CY17F EBITDA RM MIL SHARE (X) (X) (%) (%) X

Axiata Buy 51,755 7.68 6.6 5.9 20.2 17.7 4.0 4.5 11.7 13.1 0.9Maxis Hold 47,100 7.05 12.2 12.2 23.8 23.3 3.5 4.3 43.6 44.4 1.6DiGi Hold 37,242 5.57 12.6 11.8 21.0 20.1 4.8 5.0 253.8 265.6 0.2TM Hold 24,076 7.20 6.6 6.3 25.3 22.8 3.5 3.9 12.1 13.3 1.4Source:Company, AmInvestment Bank estimates

Competition in telecoms industry to further intensify

has a promotion of 3GB data, Inter-net rollover of 1GB and unlimited calls for RM68 per month (from an earlier RM98 per month) until June 30, while MaxisOne’s lowest unlimited voice/SMS option off ers only 1GB data for RM98 per month. Th is translates into RM23 per GB for DiGi and the highest of RM98 per GB for Maxis Bhd.

Celcom is off ering “Phone Care” services that allow customers to swap or replace their phones or tab-lets for any reason, with aff ordable subscriptions from as low as RM4 per month to RM20 for six months.

Th ere’s a much higher additional service fee when Celcom Phone Care customers request for a swap or replacement of their phones. Th e swap and service fee can range from RM75 to RM1,900 depending on the retail price of the phone and dura-tion of the replacement. We view this latest Celcom option as a move to provide customers with alterna-tives to Maxis’ Zerolution package, for which a customer needs to pay an additional RM164 per month over two years for annual phone upgrades.

Meanwhile, the recent domestic

sharing arrangement between Ax-iata Group Bhd and Telekom Ma-laysia Bhd (TM) could lead to the maiden launch of Celcom’s fi rst fi bre broadband plan, which will likely lease TM’s infrastructure. Recall that Celcom Home Broadband, yet to be offi cially announced, was earlier re-ported to cost RM145 per month for unlimited usage at 10Mbps speed. Included in its soft launch, Celcom First Gold subscribers will enjoy a 50% discount on the monthly fee for the fi rst six months at RM72.50 per month. All prices exclude the 6% goods and services tax and include

a voice plan at eight sen per minute to all local networks in Malaysia.

As we have highlighted in the past, competitive pressures will fur-ther intensify when TM relaunch-es its P1 package over the next two weeks as part of its convergence drive to bundle its mobile, wireless, broadband and fi xed-line services. We continue to view Axiata as the best positioned to take advantage of the upcoming shake-out by off ering a unifi ed package together with TM’s broadband services, while Digi and Maxis are likely to struggle to drive average revenue per user rates in the longer term.

We reiterate a “buy” call on Axia-ta for Celcom’s subscriber recovery, stronger contributions from over-seas businesses, value-accretive Ncell Pte Ltd acquisition in Nepal and domestic roaming arrangement together with high-speed broadband and backhaul collaboration with TM. Our “hold” calls are maintained for Maxis, DiGi and TM. — AmIn-vestment Bank, April 8

LPI Capital Bhd

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

Gross premiums 1,250.8 1,310.1 1,385.7Net premium 706.9 753.9 815.3Operating profit 391.1 330.9 348.2Pre-tax profit 393.1 331.8 349.2Net profit (NP) 397.1 268.6 285.6Core NP 244.8 268.6 285.6Consensus - 274.7 299.0EPS (RM) 1.20 0.81 0.86EPS growth (%) (6.8) (32.4) 6.3Core EPS (RM) 0.97 0.81 0.86Core EPS growth (%) (4.4) (16.3) 6.3DPS (RM) 0.70 0.70 0.70BVPS (RM) 5.24 5.35 5.51ROE (%) 23.4 15.3 15.9PER (x) 13.0 19.3 18.1P/BV (x) 3.0 2.9 2.8Net dividend yield (%) 4.5 4.5 4.5Source: Kenanga Research

H O M E 1 5MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY

Community well-being is paramount, says DPMLess fortunate groups have power to determine nation’s administration

HUTAN MELINTANG, Perak : Due attention must be given to the well-being of the people, espe-cially the less fortunate groups, as they have the power to determine the nation’s administration, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

He said the people’s power could be translated into support for the government in each general election.

“Th erefore, the people should be taken care of, as they possess the magic power every fi ve years,” he added.

He was speaking at the closing of the 1Malaysia Welfare Expedition organised by the women, family

and community development min-istry here yesterday. Also present was its minister, Datuk Seri Rohani Abdul Karim.

On the programme, Ahmad Za-hid, who is also home minister, said it should be continued to bring positive eff ects to the lives of the people, especially the less fortu-nate groups.

At a media conference later, Ah-mad Zahid said he hoped the Social Welfare Department (JKM) would continue to increase the number of aid recipients nationwide, and assis-tance given to less fortunate groups be enhanced according to their needs.

“From the aspect of assistance

by the ministry and related agen-cies, it was still insufficient, but we understand there is a fi nancial constraint.

“However, we hope the contribu-tion given will benefi t the recipients and at the same time, the recipients should be thankful,” he said.

Rohani said the ministry intend-ed to hold the 1Malaysia Welfare Expedition annually, compared with biennially now.

“Th e spirit of voluntarism and mu-tual help among the people instilled in this programme should be extend-ed to more target groups,” she said.

Earlier, Rohani visited three houses under the Home Help pro-

gramme here, apart from present-ing aid and daily necessities.

Among the recipients was ail-ing Halimah Mansor, 76, who has to take care of her bedridden hus-band, Mohd Rasid Shaari, 78, who suff ered a stroke.

Halimah, when met, said she had been surviving on JKM’s RM300 monthly assistance for taking care of a bedridden patient.

Apart from that, Halimah, who also has a disabled stepchild, ex-pressed disappointment at not be-ing able to receive the 1Malaysia People’s Assistance, and JKM had pledged to look into the matter. — Bernama

Zahid launches RM75m Teluk Intan fl ood mitigation projectTELUK INTAN: Deputy Prime Min-ister Datuk Seri Dr Ahmad Zahid Hamidi launched the RM75 million Teluk Intan fl ood mitigation project (RTB) yesterday as a long-term plan to address the problem until 2100.

Th e project handled by the De-partment of Irrigation and Drain-age, a sequel of the 10th Malaysia Plan, includes the construction of a 2.2km-long stone embankment di-vided into two zones, which started in December last year and is expect-ed to be completed by end-2018, to overcome erosion and fl ooding.

It makes up the sixth and seventh packages for the second phase in-volving the construction of an em-bankment on the cliff s from Jalan Woo Saik to the Kampung Tereng-ganu jetty in Pasir Berdamar near here measuring 1.7km, referred to as Zone B in the plan, while the con-struction of Zone A is only 500m in Jalan Wah Keng Jooi.

Ahmad Zahid, in his speech, said

Department of Irrigation and Drainage director Datuk Ir Abdul Razak Dahalan (left) explaining features of the Sungai Perak fl ood mitigation plan to Ahmad Zahid (fourth from left) at the ground-breaking ceremony of the Teluk Intan RTB yesterday. Photo by Bernama

the project would benefi t 247,000 people living near the Sungai Perak basin around 16.25 sq km across Hilir Perak when completed.

“Sungai Perak is the second long-est river in Peninsular [Malaysia] after Sungai Pahang and the project is not seen as a fl ood mitigation pro-ject alone. Th is is because it can also prevent debris from upstream Sungai Perak from gathering at the estuary.

“I hope this project can be com-pleted in the near future taking into account the government’s fi nancial ability,” he said at the ground-break-ing ceremony of the Teluk Intan RTB at the Kampung Terengganu open hall here yesterday.

According to Ahmad Zahid, the RTB project will also prevent fre-quent fl oods in Kampung Permatang Pelanduk and in the area around Changkat Jong here caused by tides.

Th e ground level in Teluk Intan, which is between 1.6m and 2.5m high, is substantially lower than the

2.75m high tide, causing constant fl oods, erosion of the riverbank and its collapse, which poses a threat to the people.

Natural Resources and Envi-ronment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar, who was present, told a press confer-ence the federal government had estimated that it would cost about RM39 billion to implement the RTB nationwide. Moreover, the cost is expected to increase in the next fi ve years.

“We estimate an additional cost of RM340 million will be allocated for the development of the Sungai Perak Integrated River Basin in Teluk Intan, Perak, involving a cost RM250 million, while RM8.5 million will be allocated to Bagan Datoh.

“Th is includes a number of small projects costing between RM200,000 and RM1 million, which will be im-plemented for fl ood mitigation pro-jects,” Wan Junaidi said. — Bernama

BAGAN DATOH: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said efforts to turn Bagan Datoh into an edu-cation hub are being intensifi ed.

He said the eff orts are in line with the wish of Prime Minis-ter Datuk Seri Najib Razak to see the idea become a reality.

“We want greater commit-ment from all quarters to real-ise the aspirations of the prime minister to see Bagan Datoh a prosperous district.

“For us to be vertical mobile socially, there is no other way than the academic way,” he said when closing the Libatsama Komuniti Berfokus 2016 event at Sekolah Menengah Sains Bagan Datoh here yesterday.

Also present were Universi-ty Teknologi Malaysia (UTM) vice chancellor Prof Datuk Dr Wahid Omar, and state Youth and Sports, Communications and Multimedia Committee chairman Datuk Shahrul Zam-an Yahya.

Th e event was participated by 300 undergraduates from UTM, Universiti Perguruan Sul-tan Idris, Universiti Teknologi Mara Seri Iskandar campus, Universiti Teknologi Petronas and community colleges.

Ahmad Zahid, who is also home minister and member of parliament for Bagan Datoh, said a polytechnic and a Mara Junior Science College are in the works, besides a direct highway link between the town and Kuala Lumpur to reduce travelling time. — Bernama

‘Eff orts to turn Bagan Datoh into education hub being intensifi ed’

JELI: About 50% of the 300,000 rubber smallholders in the coun-try have not submitted claims under the rubber production in-centive (IPG) scheme.

Malaysian Rubber Board (MRB) director-general Datuk Dr Mohd Akbar Md Said said the government had allocated some RM200 million for IPG payment.

“This is because the rubber farmers do not understand the process to make the claims, aside from confusion among them about the stipulated conditions,” he said to reporters after the con-stituency-level IPG briefing in Jeli yesterday.

The event was launched by International Trade and Industry Minister Datuk Seri Mustapa Mo-hamed, who is also Jeli member of parliament.

Mohd Akbar said the govern-ment introduced the IPG scheme to help ease the burden of small-holders nationwide due to the fall in rubber prices, and encourage them to continue tapping even though the market price was low.

Through IPG, smallholders will be paid 30 sen per kg for cup lumps at the farm-gate level, with 50% dry rubber content.

Mohd Akbar said to date, Sa-bah had the most number of smallholders who had made IPG claims totalling about RM7 million.

He said rubber smallholders who had yet to make claims could submit their respective applica-tions complete with the condi-tions set by the MRB.

“They can submit their appli-cations through rubber buyers or [the] village head’s office before the forms are collected by [the] MRB for processing,” he said.

* He said among the condi-tions are that the farmers must be Malaysian citizens registered with the MRB, Sabah Rubber In-dustry Board or Sarawak Depart-ment of Agriculture, or related agencies such as the Federal Land Development Authority (Felda), Federal Land Consolidation and Rehabilitation Authority (Fel-cra) and Rubber Industry Small-holders Development Authority (Risda).

The smallholders also must have a rubber transaction author-ity permit (PAT-G) card, planta-tions of less than 40.46ha and sell rubber in the form of latex or cup lumps, besides submitting relat-ed documents such as IPG claim forms, monthly sales receipts and copies of PAT-G.

He said the MRB, with Ris-da, Felcra and Felda, would hold more briefing sessions to explain and encourage smallholders to make claims.

Mustapa said the IPG scheme had proved that the government was concerned about the burden faced by smallholders when the market price of rubber was low. — Bernama

Half of 300,000 rubber smallholders yet to claim incentive

1 6 H O M E MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY

Special panel to upgrade RTDTo provide the best service to the people, says Liow

PUTRAJAYA: A special committee will be established within three months to upgrade and improve the structure and administration of the road transport department (RTD), said Transport Minister Da-tuk Seri Liow Tiong Lai.

“Th e committee will enhance the RTD to provide the best service to the people,” he said at the 70th anniversary celebration of the RTD here yesterday.

Th e RTD had introduced many initiatives to assist the public in-cluding e-register, a borderless reg-istration system, biometric transfers of vehicle ownership and the use of technology in enforcement.

RTD director-general Datuk Seri Ismail Ahmad said he hopes the special committee can review laws to enhance their role in enforce-ment to improve road safety.

Following a gradual transfor-mation, the RTD can now handle an average of more than 60,000

PUTRAJAYA: Th e Department of Civil Aviation (DCA) will issue a temporary suspension notice to Rayani Air today following the air-line’s announcement on Saturday that it was suspending its opera-tions, said Transport Minister Da-tuk Seri Liow Tiong Lai.

He said the suspension will be eff ective from today, noting that the airline should not have suspended its operation without the permis-sion of the DCA.

On Saturday, Rayani Air sus-pended its operations until further notice due to a pilot strike.

“Hence, Rayani Air will be sus-pended under Regulation 87 (1) of the Malaysian Civil Aviation Regu-lation 1996, and the audit process will be carried out by the DCA to ensure the company is certifi ed to continue its operations,” he said to reporters after the Road Transport Department’s 70th celebration cer-emony here yesterday.

If Rayani Air failed to comply with the conditions set by the DCA, then the company would face the

possibility of having its licence re-voked by the department, he added.

DCA director-general Datuk Azharuddin Abdul Rahman said an audit would be carried out of the company and the department would give an opportunity to the airline to present its case.

“I have not been informed fur-ther of the company’s suspension of operations, and to be fair, DCA will contact Rayani Air on the prob-lems it is facing,” he said.

He added that if any airline com-panies want to suspend a flight route, it should make an applica-tion to the DCA six months earlier.

On the increase in fees of up to 10 times imposed by the DCA on airline companies from April 15, Liow said the increase was right, just considering that the charges had not been raised since over 40 years ago.

“For the ministry, the increase is reasonable given that the DCA has improved its capability in terms of technology for air traffi c con-trol as well as increased its safety

inspection control on aircraft and airports,” he said.

Th e charges were also among the lowest when compared with airports in the region, he added.

Concerning the MH370 search mission, Liow said the piece of wreckage believed to be from the MH370 aircraft that was found on Rodrigues Island, Mauritius recent-ly was due to be sent to Malaysia yesterday.

“If necessary, the fragment would be sent to Australia to be analysed in greater detail,” he said.

On April 3, MH370 Independ-ent Group expert Don Th ompson said the debris believed to have come from the inside of the cabin of MH370 aircraft was found on an island in Mauritius, east of Africa.

On March 8, 2014, the Boeing 777-200ER aircraft owned by Ma-laysia Airlines carrying 239 passen-gers and crew on its way to Beijing disappeared from radar after about 49 minutes after taking off from the Kuala Lumpur International Airport at 12.41am. — Bernama

customers daily, he said.Ismail Ahmad said the RTD had

processed a total of 26 million reg-istered vehicles and licensed 14.7 million drivers until 2015.

“Th e RTD is the third-highest agency in terms of contributions

to the country’s revenue in the last 10 years.

“Last year, the RTD collected revenue of RM3.7 billion. Th is was made possible because of the high level of commitment shown by the staff .” — Bernama

Liow: DCA to suspend Rayani Air temporarily

GEORGE TOWN: The education ministry has resolved the alleged bullying and gangsterism incident at SMK Bandar Tasek Mutiara and students who were suspended are urged to appeal for reinstatement.

Deputy Education Minister Da-tuk P Kamalanathan said the school authorities and the education de-partment are now looking for an amicable solution, not only for the current case but for the long term.

He said the Seberang Perai Sela-tan District Police headquarters had also agreed to adopt the school, to provide personal supervision where appropriate, and to ensure that such issues will not recur.

“Our intention is to ensure that such incidents do not recur, and an Indian police offi cer has been ap-pointed to assist the school in han-dling such matters,” he told reporters after offi ciating at the Penang Free School Mega Carnival in conjunction with its bicentenary celebration this year, here yesterday.

Kamalanathan also hoped that the two students who have yet to appeal would do so soon in order to

stand a chance of being reinstated.“According to the Penang edu-

cation department, four students were suspended, but two of them ap-pealed and were reinstated,” he said.

It was reported on April 3 that a group of people had held a pro-test outside the school in Simpang Ampat, Nibong Tebal, accusing it of ignoring pleas for action over al-leged bullying and gangsterism at the school.

However, Kamalanathan said po-lice are currently investigating alle-gations of gangsterism, and one of the school’s senior offi cers has been transferred out of the school.

“We are not dictated by the opin-ion of an individual on what we should do at the education minis-try. Investigation is going on and we cannot punish people if there is no wrongdoing as we have already transferred him,” he said when re-sponding to a call by Penang Deputy Chief Minister II Dr P Ramasamy, who wants firm action against a teacher of the school where reports of alleged bullying and gangsterism occurred. — Bernama

KUALA LUMPUR: Th e immigration department has not received any information regarding two Turk-ish men of Uighur ethnicity sus-pected of plotting terrorist attacks in Th ailand entering the country, after they fl ed Th ailand at the end of March.

Its director-general Datuk Sakib Kusmi said the department is al-ways on the alert and would have detected them if they had entered via any checkpoint, but there are no traces so far.

“However, if the two men came in through an ungazetted route, it would require the cooperation of the relevant security agencies to detect their presence,” he told Bernama here, yesterday.

He said the department had been notifi ed of the two men, and had taken precautions as well as carried out stringent checks, es-

pecially in relation to travel doc-uments at the border.

Th e Governor of Surat Th ani, Th ailand, Wongsiri Promchana told Bernama on Saturday that based on information received from the Phuket Immigration Office, the two men were allegedly heading to Malaysia.

Inspector-General of Police Tan Sri Khalid Abu Bakar said the police had yet to receive information in-dicating the two men had entered the country through a legal route.

Hence, he said the police had intensifi ed surveillance on illegal routes at national borders to detect both the individuals.

“Th ere is no evidence they have entered through the legal route, but we’re extending surveillance along the illegal route,” he told Bernama via WhatsApp yesterday. — Bernama

Bandar Tasek Mutiara bullying case resolved — Kamalanathan

‘No information on two Uighur suspects entering the country’

Members of the public crowding an RTD desk in Putrajaya to take up an off er of up to a 50% discount on summonses in conjunction with the department’s 70th anniversary yesterday. Photo by Bernama

HUTAN MELINTANG, Perak: It is unfair to label individuals from the ethnic Uighur community as ter-rorists, says Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

In fact, he said, there is a small number of the minority group who were political or economic refugees.

“To label them as terrorists is inaccurate, although some of them are defi nitely involved in terrorism,” Ahmad Zahid, who is also home minister, told reporters yesterday, after launching the closing cer-emony of the 1Malaysia Welfare Tour 2016 here.

He was commenting on media reports that two Turkish nation-

als of Uighur descent suspected of plotting to launch terror attacks in Th ailand had left the country and were reportedly heading to Malaysia.

Surat Th ani governor Wongsiri Promchana, who told Bernama this, said he was informed by the Phuket immigration offi ce that the duo were travelling to Malaysia.

Commenting further on the re-port, Ahmad Zahid said not all Ui-ghur people travelling to Malaysia were terrorists, noting that some of them had valid passports.

“Some of them came to Malaysia to visit their relatives,” he added. — Bernama

Unfair to label ethnic Uighursas terrorists, says Ahmad Zahid

Following a gradual transformation, the RTD can now handle an average of more

than 60,000 customers daily.

H O M E B U S I N E S S 1 7MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY

WEEK IN FOCUS

1 (From left) Malayan Banking Bhd (Maybank) group president and chief executive officer Datuk Abdul Farid Alis, chairman Tan Sri Megat Zaharuddin Megat Mohd Nor, and group chief fi-nancial officer Datuk Mohamed Rafique Merican at Maybank’s annual general meeting in Kuala Lumpur on April 7. — Photo by Sam Fong

2 CIMB Bank Bhd garnered five awards at the Malaysian e-Pay-ments Excellence Awards in Kua-la Lumpur on April 4. Seen here are CIMB Group chief executive officer Tengku Datuk Seri Zafrul Aziz (centre) with the Best Jom-PAY Bank award. He is flanked by Bank Negara Malaysia depu-ty governor Datuk Muhammad Ibrahim (left) and Malaysian Electronic Clearing Corp Sdn Bhd Peter Schiesser.

3 Kenanga Investment Bank Bhd and Rakuten Securities Inc signed a joint venture (JV) in Kuala Lumpur on April 8. Seen at the signing of the JV are (from left) Kenanga executive director and head of equity broking Lee Kok Khee, executive director and head of group investment banking and Islamic banking Datuk Roslan Tik, K&N Kenan-ga Holdings Bhd senior execu-tive director Datuk Bruce Kho, group managing director Datuk Chay Wai Leong, chairman Teng-ku Datuk Paduka Noor Zakiah Tengku Ismail, Rakuten Secu-rities president Yuji Kusunoki, executive officer (corporate di-vision) Hidekazu Yui, vice gen-eral manager and department manager (products division and business development de-partment) Kaoru Arai, group manager (corportate planning department Katsunori Kobayas-hi, and leader (investment trust business unit) Kazumasa Mise.

4 (From left) GCH Retail (M) Sdn Bhd director, corporate affairs Roseta Mohd Jaafar, regional director of Malaysia and Brunei Datu Tim Ashdown, Malaysian Resources Corp Bhd group man-aging director Tan Sri Mohamad Salim Fateh Din, and executive director Mohd Imran Tan Sri Mohamad Salim at a signing ceremony, in Kuala Lumpur on April 5, between MRCB Build-ers Sdn Bhd and Jupiter Lagoon Sdn Bhd, for the development of a cold storage processing and distribution centre for Giant in Kajang, Selangor.

5 (From left) Allianz Life Insurance Malaysia Bhd senior manage-ment team members Chin Tze How and Joseph Gross, Allianz Malaysia Bhd chief executive officer Zakri Mohd Khir, and Allianz Life deputy chief sales officer Raymond Cheah during the launch of the Allianz Prime-Saver saving plan in Kuala Lum-pur on April 6.

1

3

4 5

2

S P SETIA WINS SIX MLAA ... S P Setia Bhd won six awards at the Malaysia Landscape Architecture Awards 2015 (MLAA), organised by the Institute of Landscape Architects Malaysia, in Petaling Jaya on April 9. The Setia team posing here for a group photograph.

18 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

MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY

MOVING CONNECTIONS

BY M A E C H A N

Malaysian dancer and choreogra-pher Beh Chin Lau (popularly known as Jinn) recalls that in her two years spent pursuing her Masters education in the Netherlands and Ireland, she

was confronted with the question of her own identity as she grappled with the contrasting cul-tures of Europe.

When she came across a talk by Belgian cultural philosopher Marc Colpaert while attending the 2014 International Choreographers Week in Tilburg, the author of Where Two Seas Meet: Imagination, Th e Key to Intercultural Learning made her refl ect on who she is as a Malaysian Chinese within a mul-ti-ethnic Islamic country.

Inspired by the talk, Jinn and Swiss-born and Netherlands-based choreographer Katja Grassli — who was equally moved by the session — created a solo dance work, Can’t Look Th rough Your Eyes, which Jinn then performed.

Th e performance led to a long discussion after-wards with Colpaert and Grassli, and a decision to invite both of them to Malaysia in a collaborative project. Th anks to funding granted by the Royal Arts Gala Fund from the Jabatan Kebudayaan dan Kesenian Negara, this weekend the collaborative project comes to fruition at the Damansara Per-forming Arts Centre.

An intercultural dialogue where dance meets philosophy, Jinn believes that the residency project — similarly titled Where Two Seas Meet — brings in an outside view that helps us consider our cultural diff erences from another perspective. “We always say we are multicultural. In every celebration we have Malay dance, Chinese dance, Indian dance — but we don’t connect and communicate much with each other at all. So

A sophisticated understanding

of cultures and communities

is expressed through

contemporary dance in

Where Two Seas Meet

I wanted to see how they can bring something new to us, to ‘disturb’ the [status quo],” describes Jinn.

In return, the European artists hope to learn and be more open to the sense of “otherness” that ex-ists in Malaysian culture. “Intercultural dialogue is a competence, [a skill] that we can learn and apply into our professions,” Colpaert explains the relevance of his study to dance as an art form.

Th is thought will be explored in In Between Us, the newest of the four works that will be present-ed. Choreographed by Grassli, the contemporary piece will be performed by three Malaysian dancers traditionally trained in diff erent forms of cultural dance. Handpicked via an open audition, Grassli uses elements of their existing dance vocabulary in her creation of a theatrically-stylised “new dance language altogether”.

Th e other works include Jinn’s revisited piece, Speaking Th ree, which is reworked from her previ-ous piece, Speaking To … , a work that dealt with her father’s passing and her memories of him. Having found it too heavy in retrospect, she reworked the music and energy of the piece to refl ect the hopeful new season inspired by the birth of her child. Can’t Look Th rough Her Eyes will also be staged again, along with another work by guest choreographer, Chai Vivian.

Th e former National Dance Academy (Aswara) graduate is currently furthering her studies in the United Kingdom. “I invited her (Chai) to take part because I am curious, now that she’s experiencing what I experienced in the past overseas, how it is impacting her,” says Jinn. Th e solo work will intro-duce a style known as life art.

Apart from the performance, the show will in-clude a reading of Colpaert’s book, followed by a panel discussion moderated by Bilqis Hijjas. A former journalist with a focus on Asia, the author’s work on intercultural communication, and identity draws from his signifi cant insight of Asian ideolo-gies, particularly Islam.

Recalling the recent bombing attacks in his hometown of Brussels, Colpaert expresses that in this globalised day and age, having the attitude of embracing “inter” — the Latin word for between — understanding diff erences and being open to exchange, is vital to cultural harmony. To achieve that, he believes that a Yin and Yang approach of balancing both reasoning elements and more in-tuitive forms such as the arts is the key.

Both Jinn and Grassli say that the idea of intercon-nectedness is one that resonates with them. “Dance is not just about the body, you have to think and re-fl ect,” says Jinn. “I think for me, it’s very instinctive,” chimes in Grassli. “When I choreograph, I make an unconscious connection with my dancers … and it’s a fruitful and peaceful way to connect, because it is open to interpretation. I don’t tell you how to see it, and there is still a space that remains between us,” she says, alluding to the sense of self that stays put.

Colpaert indicates that the world’s approach to connecting cultures could draw from dance phi-losophy: “Th e choreographer ‘sculpts’ the dancers, with their permission. Th e dancers accept, and it doesn’t mean they lose themselves.”

Jinn refl ects that from her personal experience, Asian cultures tend to put their culture ahead of personal identity, which hindered her from con-necting with others for a long time. “While in Eu-rope, I learnt that they put their culture far behind,

and put their person in the front.” “It’s not about fusion or throwing away

one’s culture,” clarifi es Colpaert. “But the miracle is, if you take away culture fi rst as a bar-

rier, and come together [fearlessly] as people, the culture itself naturally opens up and becomes in-teresting. As Sidi Larbi Cherkaoui said, ‘the goal is to stand upright and centred in confusion.’”

Where Two Seas Meet will be staged on April 16 (3pm, 8pm) and April 17 (3pm) at Black Box, DPAC, Empire Damansara, Jalan PJU8/8, Daman-sara Perdana, Petaling Jaya. Tickets are priced at RM48. Visit www.dpac.com.my or call (03) 4065 0001 for more details.

A scene from Can’t Look ThroughHer Eyes.

A scene from Speaking To ...

live it! 19

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


LONG haul fl ights can take a toll on travellers and no one likes arriving at their destination weary from travel. If you are fl ying with KLM Royal Dutch Airlines, expect to travel in unbelievable comfort with the new World Business Class (WBC) seats.

“We are excited to present the KLM World Business Class seat as it is now commercially available on KLM fl ights from Malaysia. I believe our customers will ap-preciate and enjoy the new features and design while travelling on board with us,” said Aude-Lise Combier, the Malaysia country manager for Air France KLM at the Dutch airline’s pop-up event in Th e Gardens Mall last month.

For the ultimate in comfort, try out the KLM’s new full-fl at sleeper seat for a well-rested and comfortable journey, which are being gradually equipped on the B777-200ER and B777-300ER fl ights. Enjoy your fl ight reclined fully fl at on a bed position, with a pillow and snooze or check out in-fl ight entertainment on the 17-inch touch screen. Th e new design also boasts a privacy screen between seats, a nifty storage section for your personal belongings and in-seat power out-lets to charge your devices for a worry-free journey.

Th e refurbished WBC cabin interior features new carpeting, panel decorations, curtains, lighting, blan-kets and cushions, using warm colour palette and sus-tainable material to transit its look from the traditional business formal style.

Th e airline has partnered a number of Dutch de-signers in the refurbishment of the cabin. In a move to make travellers’ time in the fl ight more pleasurable,

the basic necessities are taken up a notch by combining practicality with aesthetics. Hella Jongerius designed for the carpets, curtains, pillows and full-fl at seat, Marcel Wanders crafted the tableware and Viktor & Rolf came up with the chic amenity kits. Th e meals on board are prepared in cooperation with Michelin-awarded Dutch top chefs while the wines are selected by famous wine specialist Hubrecht Duijker.

Carbon footprint is inevitable in the aviation in-dustry but KLM Royal Dutch Airlines strives to do as much it can to mitigate the eff ects of carbon emission. “Sustainability and corporate social responsibility is a key aspect for the group. We have retained our posi-tion as best sustainable airlines, awarded by the Dow Jones Sustainability Index over the past 11 years,” says Combier as she explains the sustainability eff orts prac-ticed by the airline.

Besides the upcycled carpeting that is manufac-tured using high-quality recycled material (including old KLM stewardess uniforms used to spin new yarns which were then incorporated into the blue details of the carpet), “We pay a lot of attention, as well, to the weight of the tableware, the trolley and so on by switching to something stronger yet lighter. We can save 100kg per fl ight,” explains Combier. A lighter fl ight reduced the amount of fuel burned to operate it and subsequently lower carbon emission levels.

Visit www.wbc.klm.com for more information on KLM’s World Business Class seats.

TRAVEL BY S H A L I N I Y E A P

PersonalASSISTANTC O M P I L E D BY S U A N N Q UA H

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

TERRENCE Ling ex-plores music from classic jazz to fusion with his quartet, and his upcoming perfor-mance will feature Nurul Aina (pic), a music student in UCSI University, majoring in Contemporary Music Degree in Voice. Nurul’s talent was discovered in the early years of her primary education, and has since competed in various singing competitions in and around her hometown of Negeri Sembilan. Recently, she managed to grab the title of Senior Vocalist Champion of the World in World Championship of Per-forming Arts (WCOPA) held in Los Angeles. Catch the Terrence Ling Quartet featuring Nurul Aina at 9pm tonight at No Black Tie, 17, Jalan Mesui, Off Jalan Nagasari, Kuala Lumpur. Cover charge is RM30. For inquiries or reservations, call (03) 2142 3737.

IN a celebration of love, friendship and family, Genji is running their Sakura Spring Blossoms Food Fest from now till April 29. In conjunc-tion with the Sakura blooms in springtime, authentic Japanese dishes that celebrate the essence of the season will be served. Enjoy a ‘buy 3 get 1 free’ Sunday lunch buff et from 11.30am to 2.30pm, priced at RM139 for adults and RM69 for children. Dishes from the Sakura Spring Blossom menu start at RM23. Genji Japanese Cuisine is located at Hilton Petaling Jaya, 2 Jalan Barat, Petaling Jaya. For inquiries or reservations, call (03) 7995 9122 or visit www.zestpj.com.

IN this sequel to 2008’s Cloverfi eld, a young woman, Michelle leaves New Orleans and drives through rural Louisiana. Distracted by a call from her fi ancé, Michelle gets into an accident and is rendered unconscious. She wakes up in a concrete room chained to a wall, and is approached by a man named Howard, who explains that an unknown at-tack has taken place and that he brought her to his bunker after fi nding her on the side of the road. The duo, together with a third man begin living underground, but eventually realise that Howard is hiding dark secrets, and try to formulate an escape plan. Catch 10 Cloverfi eld Lane at cinemas nationwide. For movie listings, visit www.gsc.com.my or www.tgv.com.my.

Sustainable comfort with KLM’s World Business Class

BORN in 1983, inspired by a passion for bees and the en-vironment, French organic beauty brand Melvita remains loyal to these tiny custodians of nature and continues to keep and maintain beehives, as well as exploring the healing properties contained in honey. Th eir endless re-search into honey helped demonstrate the exceptional repairing powers of thyme honey, which acts like a nat-ural dressing with an instant soothing eff ect. It has also revealed an amazing synergic eff ect when combined with acacia and orange blossom honeys, and this knowledge has been incorporated in the brand new Nectar de Miels range to heal and rescue very dry and sensitive skin. Th e Nectar de Miels formulas relieve, repair and revitalise — and there is no need for a long massage for them to deliver all their benefi ts. Melvita’s organic thyme honey comes from the Sierra de Cebollera nature reserve in Spain, and is harvested by a family of beekeepers whom have looked after almost 4,000 hives there for the past three genera-tions. Th e new range consists of a Comforting Creamy Milk (RM115), Comforting Hand Cream (RM73 for 75ml, RM36 for 30ml) and a Comforting Balm (RM138). Find the entire range at Melvita’s boutiques at 1 Mont Kiara, 1 Utama and Mid Valley Megamall.

PICK OF THE DAY

For the ultimate in comfort, try out the KLM’s new full-fl at sleeper seat for a well-rested and comfortable journey.

2 0 C O M M E N T MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY

Midsize nations or big countries?Th e answer to the question of fragmentation is that there’s no ideal size

On June 23, the United Kingdom will vote on whether to with-draw from the Eu-ropean Union (EU). This is a momentous

decision, with far-reaching eco-nomic and political consequences that are now being hotly debated. If Britons vote to exit, it could lead to a break up of the EU, and setback the global move toward greater political integration.

Th is raises an intriguing ques-tion: What’s the optimal size for eco-nomic performance? Are we better off with many little competing city-states, a bunch of midsize nations or just a few big super-countries overseeing hundreds of millions of people each? If bigger is better,

UK Prime Minister David Cam-eron’s admission that he benefi t-ed from a fund based in Panama doesn’t give evidence of tax avoid-ance, but it does serve to remind the British public that he’s posh.

Cameron sought to draw a line under the furor that engulfed him this week following revelations that his late father, Ian, was director of a fund mentioned in documents leaked from a Panamanian law fi rm. He told ITV News late last Th ursday that he and his wife once owned a stake in the fund, selling it for about £300,000 shortly before he became prime minister.

Th e revelation is badly timed

what about a global government?In 1956, Charles Tiebout be-

lieved he had a solution to the problem. He reasoned that local governments knew more about their people’s needs than distant central governments, and so the best system was one where local governing units — city-states, es-sentially — off ered diff erent pack-ages of taxes and public services.

Want to live in a libertarian paradise, where all the roads and schools are privately built? In a Tiebout world, there will be a city set up to accommodate you.

A number of modern-day think-ers have suggested a return to Tie-bout-style city-states as a solution to our problems of political grid-lock and policy paralysis. In 2013, entrepreneur and venture capi-talist Balaji Srinivasan (a college dormmate of mine) playfully sug-gested that Silicon Valley could se-cede from the United States, form-

ing a technology-oriented utopia. Others have praised the economies of city-states like Singapore, Dubai and Hong Kong.

Some people also claim that polit-ical fragmentation has been benefi -cial in the past. Anthropologist Jared Diamond, in his book Guns Germs and Steel suggested that competition between small countries allowed Europe to get a head start on unifi ed China in the Industrial Revolution. Economists Brad DeLong and Andrei Shleifer argued in 1993 that city-states helped Europe develop (though more recent evidence seems to counter this). Casual evidence would also suggest that Taiwan’s de facto inde-pendence from China helped provide the mainland with a capitalist model to revive its moribund economy in the 1980s and 1990s.

So there are plenty of economic and historical arguments in favour of fragmentation. Th ese imply that a Brexit would be good not just for the

United Kingdom, but for all of Europe.But there are arguments on the

other side, too. Th e mathematician and economist Truman Bewley examined the Tiebout idea in the 1980s, and found that a patchwork of little city-states doesn’t always lead to a well-functioning system.

Th ere are several reasons why Tiebout’s idea can fail. One is that many of the services governments provide are what economists call public goods. Th ese are things that the private sector either can’t or won’t provide. Th e classic examples are national defence, police, courts and support for basic research.

A second issue is that govern-ments don’t always have the right incentives. Some governments may decide to maximise the size of their tax bases. Others might care only about the welfare of their citizens. Th ere’s no perfect type of local gov-ernment.Bewley showed that this problem also prevents Tiebout’s

patchwork from being an econom-ically effi cient utopia.

It might be very hard to coordinate between city-states — for example, one little local government, con-cerned about preserving open space, might be able to veto a cross-conti-nental highway that would boost al-most everyone’s income. Also, there’s the possibility that some city-states might just decide to conquer their neighbours, returning us to a world of empires. And the only way to de-fend yourself against a neighbouring empire is to band together into a na-tion. Since peace is good for growth, security considerations like this are also economically important.

So the answer to the question of fragmentation is that there’s no ideal size.

Th is column does not necessarily re-fl ect the opinion of the editorial board or Bloomberg LP and its owners.

Cameron’s wealth problem returns as ‘Brexit’ threat loomsBY A L E X M O R A L E S for the privately educated prime

minister, who’s trying to persuade voters to choose to remain in the European Union in a June 23 ref-erendum. Protesters plan to gather outside Cameron’s offi cial Down-ing Street residence on Saturday to demand that he “close tax loop-holes or resign,” according to the demonstration’s Facebook group.

“Th e public does not like its poli-ticians to be involved in big money, or even slightly strange money,” Bri-an Cathcart, professor of journalism at Kingston University in London, said by phone last Friday. “Most people feel that they don’t have enough money, and they dislike the idea that the people running the country might have too much

money in their view. Th at’s always been a problem with Cameron who has the background of wealth.”

The premier’s admission fea-tured on the front cover of most UK national papers last Friday, includ-ing the Conservative-supporting Daily Mail and Daily Telegraph, which bore similar headlines: “PM: I Did Profi t From Tax Haven” and “I Did Have Money Off shore.” Th e Mail underlined the word “Did,” while the Telegraph italicised it.

Th e Guardian newspaper pub-lished a breakdown of the Cameron family fi nances this week showing that, in 2009, his father’s personal fortune was estimated by Th e Sun-day Times Rich List at £10 million.

The prime minister attended

Britain’s best-known fee-paying school, Eton, as well as Oxford University, both seen as bastions of privilege. At Oxford, he was a member of the Bullingdon Club, a fraternity known for its high jinks that was later parodied in a play called “Posh.”

“It’s either his fortune or his misfortune that he’s Eton and Ox-ford, and Bullingdon Club as well,” John Curtice, professor of politics at Strathclyde University in Glas-gow, said by phone. “Th at’s why he gets pursued, because there’s this apparent disjuncture between his background and what he says is the kind of Conservative Party he’s creating, and inevitably when there are opportunities to point this

out, they’re going to get picked up.”Cameron has also opened him-

self up to charges of hypocrisy by Labour, because his government has focused on clawing back money from corporations and individuals that avoid and underpay tax.

Cameron’s offi ce at fi rst dealt with questions about the Blair-more Holdings Inc fund by saying that it was a “private matter,” fol-lowing that up with three further statements that gradually revealed neither he nor his wife and children benefi t from or stand to do so in the future from any such fund. Th at left questions about whether he had profi ted from such investments in the past, which he answered in the ITV interview. — Bloomberg View

BY N O A H S M I T H

4.98 128.98

2 1


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 1,718.40 -5.89 -0.34

KLSE INDUSTRIAL 3,265.93 -4.66 -0.14

CONSUMER PRODUCT 592.98 -0.99 -0.17

INDUSTRIAL PRODUCT 145.30 0.38 0.26

CONSTRUCTION 294.88 0.90 0.31

TRADE & SERVICES 231.79 -0.91 -0.39

KLSE FINANCIAL 14,872.54 -35.00 -0.23

KLSE PROPERTY 1,190.48 0.55 0.05

KLSE PLANTATION 7,821.52 5.48 0.07

KLSE MINING 506.61 Unch Unch

INDICES CLOSE +/- %CHGTECHNOLOGY 22.84 -0.05 -0.22

FTSE BURSA 100 11,646.47 -27.11 -0.23

FTSE BURSA MID 70 13,337.99 14.77 0.11

FTSE BURSA SMALL CAP 15,721.31 1.25 0.01

FTSE BURSA FLEDGLING 15,775.27 26.89 0.17

FTSE BURSA EMAS 11,952.54 -26.03 -0.22

FTSE BUR M’SIA ACE 5,707.29 61.31 1.09

FTSE BUR EMAS SHARIAH 12,542.03 -12.68 -0.10

FTSE BUR HIJRAH SHARIAH 14,044.19 -33.17 -0.24

FTSE/ASEAN 40 9,056.78 -3.94 -0.04

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS 0.745 0.550 0.715 0.705 7120 ACOSTEC 0.710 0.005 486 0.712 13.08 — 126.3 4.334 3.400 3.750 3.750 7090 AHEALTH 3.750 -0.200 0.1 3.750 12.83 2.93 439.3 9.600 5.327 8.950 8.900 2658 AJI 8.950 -0.050 1.1 8.906 13.64 2.23 544.1 0.480 0.220 — — 7051 AMTEK 0.230 — — — — — 11.5 6.320 4.052 — — 6432 APOLLO 6.140 — — — 14.21 4.07 491.2 2.580 1.150 — — 7722 ASIABRN 1.200 — — — — 0.42 94.9 5.299 2.977 4.480 4.380 7129 ASIAFLE 4.470 -0.010 8.5 4.456 11.76 3.58 855.2 66.492 52.361 55.760 55.060 4162 BAT 55.120 -0.560 143.3 55.215 17.29 5.66 15,738.4 0.110 0.040 — — 7243 BIOOSMO 0.050 — — — — — 24.9 1.125 0.620 0.645 0.640 9288 BONIA 0.640 -0.015 513.1 0.643 14.81 2.94 516.0 1.870 0.880 1.620 1.600 7174 CAB 1.620 0.010 77.4 1.616 15.34 — 277.9 0.660 0.427 0.520 0.505 7154 CAELY 0.520 0.010 24.1 0.509 5.78 1.92 41.6 0.445 0.230 — — 7128 CAMRES 0.295 — — — 7.85 — 57.2 14.100 11.300 13.720 13.580 2836 CARLSBG 13.680 -0.020 53.3 13.640 19.37 5.26 4,214.5 1.310 0.720 1.160 1.140 7035 CCK 1.140 -0.020 45 1.150 12.78 2.63 179.8 2.925 2.460 2.550 2.550 7148 CCMDBIO 2.550 UNCH 6 2.550 11.55 3.73 711.3 1.970 0.444 1.190 1.180 9423 CHEEWAH 1.190 0.010 39 1.184 6.57 1.68 50.1 3.290 1.670 2.750 2.740 2828 CIHLDG 2.740 -0.020 19 2.748 17.33 — 443.9 0.100 0.035 0.045 0.040 5188 CNOUHUA 0.045 UNCH 25.2 0.040 — — 30.1 2.417 1.222 2.250 2.240 7205 COCOLND 2.240 UNCH 19 2.243 15.65 3.29 512.5 1.400 1.055 1.380 1.350 7202 CSCENIC 1.360 0.010 49 1.361 14.27 7.35 163.9 0.175 0.065 0.110 0.105 5214 CSL 0.110 UNCH 2441.7 0.110 2.42 — 136.7 0.075 0.040 0.050 0.045 7179 DBE 0.050 0.005 1135 0.045 — — 39.3 0.983 0.785 0.800 0.800 7119 DEGEM 0.800 UNCH 3 0.800 9.28 1.88 107.2 52.260 40.852 52.260 52.200 3026 DLADY 52.260 0.260 0.3 52.227 23.72 1.91 3,344.6 0.165 0.065 0.110 0.105 7198 DPS 0.110 0.005 3203.4 0.106 — — 64.7 0.265 0.105 0.135 0.130 7182 EKA 0.135 UNCH 15925 0.135 — — 42.1 0.280 0.165 0.200 0.200 5091 EKOWOOD 0.200 UNCH 119 0.200 — — 33.6 0.460 0.190 0.300 0.290 9091 EMICO 0.295 -0.005 346.5 0.294 4.21 — 28.3 2.620 1.693 — — 7149 ENGKAH 2.100 — — — 41.18 3.10 148.6 0.325 0.225 0.240 0.230 7208 EURO 0.235 0.005 702.8 0.237 27.33 — 57.1 0.940 0.640 0.760 0.760 7094 EUROSP 0.760 -0.040 1 0.760 — — 33.8 21.280 16.745 20.420 20.400 3689 F&N 20.400 UNCH 243.3 20.400 20.63 2.82 7,482.3 0.940 0.475 0.715 0.710 9776 FARMBES 0.710 UNCH 42 0.711 — — 43.4 1.407 0.990 — — 2755 FCW 0.990 — — — 34.02 1.52 247.5 1.220 0.360 1.060 1.040 8605 FFHB 1.050 0.010 66 1.046 13.96 — 87.3 0.966 0.553 0.840 0.830 9172 FPI 0.835 -0.005 58.2 0.831 12.91 8.38 206.5 14.292 11.735 13.740 13.620 3255 GAB 13.740 0.060 103.8 13.703 17.48 5.17 4,150.8 1.640 0.720 1.090 1.020 5102 GCB 1.090 0.080 836.3 1.060 22.95 — 523.4 2.580 2.070 2.580 2.510 5606 GOLDIS 2.580 0.010 240 2.573 14.37 0.78 1,575.1 1.080 0.930 1.070 1.070 5606PA GOLDIS-PA 1.070 UNCH 10 1.070 — 3.74 487.6 0.175 0.040 — — 5187 HBGLOB 0.045 — — — — — 21.1 7.050 4.235 6.850 6.760 3301 HLIND 6.800 -0.050 99.4 6.800 10.06 4.41 2,229.7 1.196 0.860 0.880 0.870 5160 HOMERIZ 0.870 -0.005 267.6 0.877 9.27 4.60 261.0 0.552 0.391 0.445 0.440 7213 HOVID 0.440 UNCH 325 0.441 16.42 2.27 357.0 5.280 2.850 4.200 3.980 7141 HUATLAI 3.980 -0.120 0.3 4.053 8.33 — 344.9 1.416 0.819 1.300 1.290 5024 HUPSENG 1.300 UNCH 151 1.298 19.01 3.08 1,040.0 0.490 0.340 0.410 0.410 8478 HWATAI 0.410 -0.040 4 0.410 273.33 — 30.7 3.102 1.816 1.940 1.940 5107 IQGROUP 1.940 UNCH 0.1 1.940 9.28 4.12 170.8 1.420 0.623 1.030 1.010 7152 JAYCORP 1.010 -0.020 33 1.025 7.95 3.96 138.6 1.170 0.450 0.680 0.660 8931 JERASIA 0.680 0.020 99.8 0.668 4.90 — 55.8 4.740 3.640 4.070 4.000 5247 KAREX 4.000 -0.050 626.4 4.014 34.13 0.63 2,673.0 3.965 1.804 3.520 3.450 7216 KAWAN 3.450 -0.070 5155.5 3.500 20.81 0.72 794.8 0.305 0.025 — — 8303 KFM 0.055 — — — — — 3.8 0.935 0.495 0.765 0.745 6203 KHEESAN 0.745 -0.015 18.9 0.750 13.98 — 71.9 2.632 1.742 2.100 2.100 7062 KHIND 2.100 UNCH 0.2 2.100 13.61 3.33 84.1 1.200 0.920 1.010 1.010 0002 KOTRA 1.010 -0.020 2 1.010 23.27 — 133.7 0.115 0.045 — — 5172 KSTAR 0.045 — — — — — 12.0 8.100 5.160 5.760 5.650 7006 LATITUD 5.750 UNCH 84.2 5.707 6.32 2.09 558.9 9.700 2.950 9.320 9.230 9385 LAYHONG 9.230 -0.030 11 9.291 23.96 — 533.0 0.360 0.130 0.310 0.275 7943 LCHEONG 0.310 0.015 1405.9 0.288 — — 20.5 0.405 0.215 0.280 0.280 8079 LEESK 0.280 -0.005 24 0.280 9.43 — 47.0 2.917 2.010 2.190 2.120 7089 LIIHEN 2.190 0.030 118 2.165 6.84 3.96 394.2 0.925 0.700 0.795 0.795 7126 LONBISC 0.795 0.005 25 0.795 8.54 — 148.3 2.343 1.422 1.560 1.560 7085 LTKM 1.560 0.010 4.2 1.560 10.53 3.21 203.0 4.585 2.017 4.220 4.160 7087 MAGNI 4.210 -0.010 21.9 4.206 8.58 1.90 685.1 0.175 0.045 0.050 0.050 5189 MAXWELL 0.050 UNCH 260 0.050 — — 20.0 1.529 1.141 1.260 1.260 3662 MFLOUR 1.260 UNCH 2.5 1.260 33.07 3.17 693.3 1.120 0.810 0.990 0.935 7935 MILUX 0.935 -0.060 80.5 0.984 158.47 — 50.9 1.417 1.080 1.200 1.200 5886 MINTYE 1.200 0.020 10 1.200 16.60 2.50 73.0 5.226 4.507 4.800 4.650 5202 MSM 4.650 -0.150 1 4.747 11.87 5.59 3,268.9 0.145 0.045 0.060 0.055 5150 MSPORTS 0.060 UNCH 0.6 0.057 — — 36.4 1.650 1.100 1.420 1.370 3921 MWE 1.420 0.020 5.1 1.374 22.22 0.94 328.8 76.900 68.737 74.740 74.700 4707 NESTLE 74.700 -0.080 308.5 74.703 29.65 3.21 17,517.2 2.800 2.186 2.650 2.650 7060 NHFATT 2.650 0.050 2.9 2.650 10.35 3.77 199.2 0.245 0.080 0.110 0.100 7139 NICE 0.110 0.005 1094.5 0.105 — — 33.3 0.370 0.220 0.350 0.345 7215 NIHSIN 0.350 0.005 440.6 0.346 36.08 1.43 83.1 1.090 0.620 0.985 0.965 5066 NTPM 0.980 0.010 238.1 0.973 17.92 0.82 1,100.7 0.580 0.460 0.480 0.480 7071 OCR 0.480 UNCH 21.1 0.480 — — 101.4 2.518 1.841 2.340 2.300 7107 OFI 2.340 0.010 11.7 2.330 19.29 2.14 561.6 7.728 6.368 7.050 7.000 4006 ORIENT 7.030 -0.020 50.9 7.033 16.65 1.71 4,361.4 2.197 1.214 2.040 1.990 7052 PADINI 2.040 0.050 235.7 2.015 12.24 4.90 1,342.1 30.200 19.941 29.700 28.400 3719 PANAMY 29.560 1.060 6.1 29.143 13.36 1.69 1,795.6 0.785 0.600 — — 5022 PAOS 0.700 — — — 26.02 3.57 84.5 0.370 0.200 — — 9407 PARAGON 0.275 — — — 20.37 — 19.3 0.885 0.275 — — 6068 PCCS 0.570 — — — — — 34.2 1.220 0.755 0.835 0.820 5231 PELIKAN 0.835 0.010 83.6 0.826 — — 462.0 0.325 0.175 0.280 0.275 4081 PMCORP 0.280 0.005 254.9 0.278 24.14 — 216.5 0.584 0.402 0.515 0.515 5080 POHKONG 0.515 0.005 2 0.515 36.52 1.94 211.3 2.099 1.410 1.490 1.470 7088 POHUAT 1.490 0.010 90.9 1.483 7.04 2.35 337.9 16.980 14.244 16.560 16.300 4065 PPB 16.440 0.040 533.7 16.412 18.54 1.52 19,489.6 0.614 0.458 — — 7190 PPG 0.565 — — — 20.40 2.21 56.5 2.728 1.641 1.900 1.840 8966 PRLEXUS 1.880 0.040 1126 1.880 8.67 2.23 222.1 1.365 0.945 1.240 1.230 7134 PWF 1.240 0.010 16.4 1.233 14.01 4.84 96.4 2.931 1.606 2.180 2.180 7237 PWROOT 2.180 -0.020 5 2.180 11.46 3.67 662.9 4.650 3.662 4.470 4.400 7084 QL 4.400 UNCH 118 4.408 27.41 0.97 5,491.3 1.710 1.340 — — 9946 REX 1.500 — — — 22.26 — 92.5 1.450 1.250 1.370 1.350 5252 SASBADI 1.360 -0.030 196.3 1.358 21.97 1.84 380.0 0.546 0.305 0.355 0.325 5157 SAUDEE 0.330 -0.015 5833.3 0.343 — — 39.6 0.885 0.470 0.880 0.860 7180 SERNKOU 0.880 0.020 404.2 0.868 25.14 — 105.6 0.740 0.490 0.660 0.660 7165 SGB 0.660 -0.005 39.8 0.660 — — 69.0 2.450 0.890 1.780 1.780 7412 SHH 1.780 UNCH 14.5 1.780 6.59 5.62 89.0 3.167 1.580 2.160 2.060 7246 SIGN 2.060 -0.070 841.2 2.094 9.75 4.85 247.2 0.065 0.040 — — 8532 SINOTOP 0.050 — — — 45.45 — 98.7 2.510 1.671 2.460 2.430 7103 SPRITZER 2.430 -0.020 238.1 2.437 12.52 2.06 370.1 1.520 0.730 1.280 1.190 7186 SWSCAP 1.280 0.100 12 1.230 266.67 — 186.7 0.745 0.365 0.580 0.575 7082 SYF 0.575 -0.005 153.5 0.577 10.53 — 351.9 0.510 0.280 0.325 0.320 7211 TAFI 0.325 0.005 21 0.320 — — 26.0 3.086 2.262 2.350 2.350 4405 TCHONG 2.350 UNCH 15 2.350 20.49 2.13 1,579.2 1.300 0.355 1.110 1.080 7200 TEKSENG 1.090 -0.010 1745.8 1.091 12.95 0.46 337.1 2.031 1.040 1.360 1.330 7252 TEOSENG 1.330 -0.020 100.3 1.342 9.08 1.88 399.0 1.610 1.184 1.360 1.360 9369 TGL 1.360 UNCH 15 1.360 20.76 5.51 55.4 0.575 0.445 0.500 0.500 7230 TOMEI 0.500 UNCH 40 0.500 — 2.00 69.3 0.470 0.170 0.405 0.400 7176 TPC 0.400 UNCH 257.1 0.401 14.60 — 93.5 10.742 6.250 6.880 6.700 4588 UMW 6.880 -0.020 433.7 6.814 — 2.91 8,037.9 2.430 1.528 2.160 2.120 7757 UPA 2.160 0.030 5.1 2.121 8.94 3.70 171.9 0.850 0.430 0.740 0.735 7203 WANGZNG 0.735 0.005 81 0.736 8.57 3.40 117.6 0.098 0.045 0.050 0.045 5156 XDL 0.050 UNCH 361 0.047 26.32 — 134.8 0.670 0.300 — — 7121 XIANLNG 0.430 — — — 41.35 — 31.3 0.630 0.260 0.270 0.265 5155 XINQUAN 0.265 -0.005 506.4 0.267 0.80 6.91 128.6 2.350 1.430 2.340 2.260 5584 YEELEE 2.260 -0.040 753.1 2.297 12.87 1.33 421.8 0.525 0.190 0.500 0.490 7184 YEN 0.500 -0.005 183.2 0.496 — — 62.5 1.147 0.797 0.925 0.925 5159 YOCB 0.925 0.005 91.6 0.925 7.77 4.32 148.0 3.490 1.517 2.340 2.300 7178 YSPSAH 2.340 UNCH 106.9 2.310 10.81 2.78 315.0 2.084 1.354 1.570 1.550 5131 ZHULIAN 1.550 -0.010 20.5 1.564 13.44 3.87 713.0INDUSTRIAL PRODUCTS 1.236 0.883 1.040 1.030 0012 3A 1.040 UNCH 18.4 1.035 20.39 1.35 409.3 0.210 0.100 — — 7086 ABLEGRP 0.100 — — — — — 26.4 0.640 0.470 0.490 0.490 7061 ABRIC 0.490 UNCH 22 0.490 — — 70.7 0.450 0.270 — — 7131 ACME 0.280 — — — 9.36 — 61.2 1.070 0.845 0.850 0.850 7191 ADVENTA 0.850 UNCH 15.3 0.850 39.91 — 129.9 2.454 1.850 2.250 2.240 9148 ADVPKG 2.240 0.010 1.8 2.241 15.34 5.36 45.9 0.200 0.105 0.110 0.105 7146 AEM 0.110 UNCH 320.7 0.105 — — 26.1

0.480 0.325 — — 5198 AFUJIYA 0.390 — — — 24.22 — 70.2 0.400 0.260 0.300 0.300 2682 AISB 0.300 UNCH 58 0.300 — — 39.6 4.790 2.200 3.440 3.440 7609 AJIYA 3.440 -0.020 20 3.440 10.85 1.74 261.9 0.505 0.110 — — 9954 AKNIGHT 0.230 — — — — — 13.4 0.850 0.610 0.760 0.750 2674 ALCOM 0.750 -0.030 16.6 0.756 21.55 6.67 100.7 0.535 0.335 0.370 0.365 4758 ANCOM 0.370 0.005 32.8 0.368 137.04 — 81.0 1.069 0.620 1.020 0.995 6556 ANNJOO 1.020 -0.010 641.8 1.007 — 2.94 533.2 0.360 0.120 0.265 0.255 9342 ANZO 0.265 0.005 3963.6 0.260 — — 78.5 1.560 1.060 1.130 1.120 5568 APB 1.120 -0.010 7 1.129 10.19 5.80 126.4 5.073 3.730 3.940 3.940 5015 APM 3.940 -0.010 28.2 3.940 12.74 4.95 794.3 0.730 0.382 0.645 0.640 7214 ARANK 0.640 -0.015 26.4 0.644 6.07 3.52 76.8 0.853 0.543 0.635 0.635 7162 ASTINO 0.635 UNCH 55 0.635 9.31 3.07 174.1 0.215 0.100 0.115 0.115 7070 ASUPREM 0.115 UNCH 325 0.115 — — 33.6 0.810 0.500 — — 7099 ATTA 0.555 — — — 1.83 — 39.3 1.580 0.510 1.570 1.530 7181 ATURMJU 1.570 0.010 5094.6 1.549 — — 95.9 2.480 1.560 1.700 1.680 8133 BHIC 1.680 -0.010 9 1.693 — — 417.4 0.795 0.285 0.715 0.695 7005 BIG 0.710 0.015 593.3 0.707 14.12 — 34.1 0.150 0.090 0.110 0.110 7187 BKOON 0.110 UNCH 90 0.110 — — 30.4 1.571 0.980 1.030 1.020 0168 BOILERM 1.020 -0.010 109.5 1.020 17.53 1.72 526.3 3.100 2.150 — — 6297 BOXPAK 2.520 — — — 16.33 — 151.3 1.985 0.777 1.620 1.590 5100 BPPLAS 1.590 -0.010 109.4 1.605 13.50 3.77 298.4 0.585 0.285 0.315 0.310 9938 BRIGHT 0.310 -0.005 415.5 0.310 — — 50.9 0.295 0.175 — — 7221 BSLCORP 0.240 — — — — — 23.5 0.455 0.150 0.225 0.225 7188 BTM 0.225 -0.005 8.7 0.225 — — 28.2 5.170 2.000 3.950 3.880 5105 CANONE 3.950 0.040 205.2 3.900 8.55 1.01 759.0 0.286 0.055 0.060 0.055 5229 CAP 0.060 UNCH 120.2 0.057 1.52 — 69.7 2.340 1.576 2.300 2.270 7076 CBIP 2.270 -0.030 197.6 2.279 12.80 2.64 1,221.8 1.100 0.846 0.970 0.965 2879 CCM 0.965 -0.005 25 0.968 14.80 2.59 441.6 1.690 1.055 1.450 1.440 7171 CENBOND 1.450 UNCH 22 1.448 11.70 4.14 174.0 2.560 1.380 — — 8435 CEPCO 1.900 — — — 5.51 — 85.1 1.500 1.140 — — 8044 CFM 1.150 — — — — — 47.2 2.284 1.234 1.650 1.630 5007 CHINWEL 1.640 -0.010 86.4 1.642 8.04 4.78 491.2 1.688 1.340 — — 5797 CHOOBEE 1.500 — — — 27.57 4.00 164.9 1.230 0.640 — — 8052 CICB 0.700 — — — — 2.50 32.0 0.095 0.040 0.045 0.040 7018 CME 0.040 -0.005 50.2 0.045 — — 17.6 5.977 4.609 4.760 4.730 2852 CMSB 4.750 -0.020 668.8 4.747 20.95 0.95 5,103.3 0.530 0.160 — — 7986 CNASIA 0.185 — — — — — 8.4 3.081 1.423 1.670 1.650 5071 COASTAL 1.670 0.020 166 1.666 6.44 2.40 887.8 0.910 0.200 0.755 0.725 7195 COMCORP 0.745 0.010 8862.6 0.741 7.50 — 104.3 1.000 0.670 0.805 0.795 2127 COMFORT 0.805 -0.005 508.3 0.800 16.23 — 449.8 1.420 0.880 1.400 1.390 5094 CSCSTEL 1.390 -0.010 335.2 1.398 9.57 5.76 528.2 1.008 0.630 0.915 0.900 7157 CYL 0.910 -0.030 45 0.909 15.35 6.59 91.0 0.440 0.275 — — 5082 CYMAO 0.360 — — — — — 27.0 2.398 1.621 2.100 2.090 8125 DAIBOCI 2.100 -0.020 48.7 2.100 21.43 2.80 573.8 0.475 0.225 0.370 0.365 8176 DENKO 0.365 -0.005 270 0.366 8.71 — 38.1 0.308 0.170 0.205 0.200 7114 DNONCE 0.200 UNCH 15176.8 0.200 166.67 — 36.1 0.635 0.250 0.365 0.345 5835 DOLMITE 0.350 0.005 288.8 0.351 218.75 — 94.1 0.510 0.331 — — 5835PA DOLMITE-PA 0.510 — — — — — 6.3 0.920 0.660 0.725 0.715 5265 DOLPHIN 0.720 -0.005 215 0.723 2.79 — 159.8 1.536 1.091 1.170 1.150 7169 DOMINAN 1.170 UNCH 142.6 1.159 8.49 3.10 193.1 1.914 0.940 1.090 1.050 1619 DRBHCOM 1.090 0.020 4244.3 1.076 — 5.50 2,107.2 0.675 0.250 0.520 0.500 7233 DUFU 0.510 0.010 6128.4 0.512 8.19 3.92 89.5 1.260 0.406 0.880 0.865 8907 EG 0.875 0.010 1861.7 0.872 4.51 — 185.1 1.610 1.000 1.100 1.100 9016 EKSONS 1.100 -0.050 6 1.100 — — 180.6 0.320 0.190 — — 7217 EMETALL 0.285 — — — 7.81 — 48.8 0.817 0.591 — — 7773 EPMB 0.630 — — — 25.30 1.59 104.6 1.683 0.995 1.160 1.110 5101 EVERGRN 1.130 0.030 9028.9 1.140 9.41 0.88 956.5 1.560 0.586 0.975 0.930 7249 EWEIN 0.930 -0.005 215.7 0.936 15.76 0.54 206.2 1.273 0.918 1.080 1.070 2984 FACBIND 1.070 -0.020 7 1.077 15.09 2.34 91.1 3.210 2.274 2.750 2.720 7229 FAVCO 2.750 UNCH 31.9 2.737 6.34 4.36 604.5 0.835 0.347 0.540 0.530 0149 FIBON 0.540 0.005 24.8 0.536 11.79 1.94 52.9 2.686 1.977 2.290 2.280 3107 FIMACOR 2.280 0.020 3 2.287 10.91 5.48 559.2 3.090 1.174 2.190 2.140 5197 FLBHD 2.160 UNCH 514.2 2.161 7.03 6.94 222.9 1.645 1.370 — — 3611 GBH 1.420 — — — 3.46 10.56 265.0 2.970 0.610 1.610 1.570 7197 GESHEN 1.600 -0.020 110.7 1.583 9.68 — 128.0 0.075 0.040 0.050 0.045 5220 GLOTEC 0.050 0.005 2272.5 0.047 — — 269.1 0.420 0.205 0.245 0.220 7192 GOODWAY 0.245 0.005 15 0.220 — — 27.1 0.135 0.080 0.080 0.080 7096 GPA 0.080 -0.005 20 0.080 — — 78.4 0.630 0.285 0.360 0.345 5649 GPHAROS 0.350 UNCH 219 0.352 — — 47.1 0.312 0.173 0.250 0.240 0136 GREENYB 0.245 UNCH 476.2 0.244 12.89 3.06 81.8 0.135 0.070 0.095 0.090 7077 GSB 0.095 0.005 1159.1 0.094 — — 50.2 1.080 0.870 0.920 0.905 3247 GUH 0.920 0.020 29 0.913 24.47 5.43 255.7 0.750 0.320 0.500 0.485 5151 HALEX 0.500 0.005 151.6 0.486 — — 53.0 6.124 4.370 4.790 4.750 5168 HARTA 4.760 0.010 2502.8 4.766 30.77 1.58 7,811.3 3.500 2.890 — — 7105 HCK 3.310 — — — 15.63 — 183.5 1.790 1.110 1.240 1.210 5095 HEVEA 1.210 0.010 1395.3 1.220 6.59 1.45 543.6 0.985 0.706 0.880 0.860 3298 HEXZA 0.860 -0.015 63.3 0.871 10.55 5.23 172.3 0.570 0.200 0.320 0.305 5072 HIAPTEK 0.310 -0.010 303.5 0.310 — 0.97 222.7 0.905 0.130 0.190 0.190 5199 HIBISCS 0.190 UNCH 1043.8 0.190 — — 215.2 1.800 0.934 1.140 1.130 7033 HIGHTEC 1.140 0.020 4.1 1.132 7.45 3.07 46.3 0.991 0.530 0.675 0.675 8443 HIL 0.675 UNCH 27 0.675 10.83 2.22 188.1 0.430 0.310 — — 5165 HOKHENG 0.310 — — — 26.72 — 24.8 0.105 0.025 0.035 0.030 2739 HUAAN 0.030 UNCH 213.9 0.035 — — 33.7 4.030 2.880 — — 5000 HUMEIND 3.200 — — — 21.74 0.94 1,533.1 0.157 0.055 0.060 0.055 9601 HWGB 0.060 0.005 4138.6 0.060 — — 54.4 0.960 0.760 — — 9687 IDEALUBB 0.825 — — — — — 91.1 2.050 1.371 1.920 1.920 7222 IMASPRO 1.920 -0.080 2 1.920 15.38 1.82 153.6 0.445 0.235 0.255 0.240 7183 IRETEX 0.255 0.005 45.1 0.240 — — 34.0 0.120 0.045 0.100 0.095 7223 JADI 0.095 -0.005 909 0.099 12.67 — 89.5 0.190 0.135 — — 8648 JASKITA 0.145 — — — 28.43 2.07 65.2 0.300 0.075 0.095 0.095 2747 JAVA 0.095 0.005 21 0.095 — — 16.5 1.320 0.920 1.080 1.080 7043 JMR 1.080 0.020 4.6 1.080 58.70 2.78 136.9 2.830 1.210 1.720 1.690 7167 JOHOTIN 1.720 0.010 34.8 1.702 9.28 2.03 160.5 1.810 1.051 1.520 1.490 4383 JTIASA 1.520 0.010 1687.5 1.508 23.00 0.66 1,480.1 0.230 0.145 0.180 0.175 0054 KARYON 0.175 -0.005 95 0.177 14.71 2.29 83.2 1.290 0.353 0.935 0.920 7199 KEINHIN 0.925 0.005 132.1 0.927 9.13 1.08 91.6 0.985 0.430 0.600 0.595 6211 KIALIM 0.595 -0.005 126 0.596 13.74 — 36.9 3.440 2.730 3.130 3.120 3522 KIANJOO 3.130 UNCH 18 3.125 10.59 0.64 1,390.2 2.600 1.394 1.940 1.930 5371 KIMHIN 1.930 -0.030 84 1.932 7.82 1.55 300.3 0.205 0.070 0.095 0.085 5060 KINSTEL 0.085 -0.005 5533.6 0.087 — — 89.2 2.110 1.280 — — 9466 KKB 1.650 — — — 16.40 2.42 425.4 0.720 0.390 0.495 0.485 7164 KNM 0.490 0.005 4545 0.490 16.50 — 1,056.5 2.703 0.937 1.540 1.490 6971 KOBAY 1.540 0.040 13.1 1.503 8.26 1.95 104.8 0.775 0.335 0.560 0.555 7017 KOMARK 0.560 0.005 140.5 0.555 — — 69.8 9.500 5.490 6.320 6.140 7153 KOSSAN 6.300 0.150 2651 6.272 19.82 1.90 4,028.6 0.600 0.400 0.470 0.470 7130 KPOWER 0.470 0.005 5 0.470 — — 26.5 5.740 4.286 5.260 5.220 3476 KSENG 5.230 0.020 11.6 5.250 13.89 1.91 1,890.5 0.553 0.330 — — 5192 KSSC 0.370 — — — 18.97 5.41 35.5 0.600 0.390 — — 8362 KYM 0.410 — — — — — 61.5 10.434 8.167 9.200 8.800 3794 LAFMSIA 9.200 0.360 196.7 9.102 31.08 3.37 7,817.2 0.601 0.384 0.530 0.520 9326 LBALUM 0.520 UNCH 80 0.522 13.87 3.85 129.2 0.819 0.409 0.665 0.650 5092 LCTH 0.655 -0.005 1715.8 0.655 9.44 1.53 235.8 0.605 0.420 0.490 0.485 5232 LEONFB 0.485 -0.005 684.1 0.489 8.14 3.09 150.4 0.205 0.110 0.125 0.125 8745 LEWEKO 0.125 UNCH 10 0.125 — — 40.2 0.075 0.030 0.045 0.040 3581 LIONCOR 0.045 UNCH 540 0.044 — — 59.2 0.117 0.045 0.065 0.060 2887 LIONDIV 0.065 0.005 661.8 0.063 — — 90.5 0.480 0.220 0.345 0.335 4235 LIONIND 0.340 -0.005 1054.7 0.341 — — 244.1 0.245 0.110 0.230 0.230 9881 LSTEEL 0.230 0.010 9 0.230 — — 29.4 0.120 0.065 0.070 0.065 5068 LUSTER 0.065 UNCH 885 0.067 — — 112.6 4.250 3.180 — — 9199 LYSAGHT 3.520 — — — 8.98 — 146.4 0.865 0.330 0.680 0.665 5098 MASTEEL 0.675 -0.005 933.4 0.672 — 0.96 165.0 0.837 0.502 0.615 0.595 7029 MASTER 0.610 UNCH 25 0.606 11.32 1.64 33.3 0.555 0.350 — — 8095 MAYPAK 0.370 — — — — — 15.6 0.889 0.652 0.790 0.785 5152 MBL 0.790 -0.005 66.5 0.789 11.14 3.80 72.7 0.380 0.175 0.370 0.350 3778 MELEWAR 0.350 -0.015 1397.8 0.356 145.83 — 79.4 0.805 0.500 0.560 0.560 5223 MENTIGA 0.560 UNCH 2 0.560 17.61 — 39.2 1.650 1.090 — — 8192 MERCURY 1.210 — — — 8.64 4.96 48.6 2.100 1.640 1.720 1.720 6149 METROD 1.720 0.050 2 1.720 7.72 3.49 206.4 1.340 0.605 0.860 0.850 5001 MIECO 0.855 0.005 246.8 0.855 9.63 — 179.6 0.095 0.060 0.090 0.080 7219 MINETEC 0.090 UNCH 6223.7 0.085 — — 59.9 1.920 0.790 1.160 1.160 5576 MINHO 1.160 0.010 17 1.160 7.56 — 127.4 0.660 0.325 0.620 0.605 7595 MLGLOBAL 0.610 -0.010 513 0.613 5.37 — 54.7 2.760 2.090 2.510 2.500 5916 MSC 2.500 -0.010 4 2.503 120.19 — 250.0 2.600 1.040 2.010 1.990 3883 MUDA 2.010 -0.010 77.1 2.000 23.37 1.49 613.2 1.200 0.810 — — 7004 MULTICO 0.860 — — — — — 38.2 0.425 0.210 0.415 0.385 5087 MYCRON 0.395 -0.020 631 0.404 4.42 — 112.0 0.200 0.080 0.100 0.080 7002 NAKA 0.100 0.010 62.4 0.086 — — 5.5 0.160 0.100 — — 5025 NWP 0.115 — — — — — 36.8 0.705 0.454 0.580 0.580 4944 NYLEX 0.580 UNCH 5.1 0.580 20.35 3.45 112.7 1.060 0.647 1.020 1.000 7140 OKA 1.020 UNCH 741 1.007 9.46 2.94 161.3 1.316 0.890 1.000 1.000 5065 ORNA 1.000 0.010 0.1 1.000 10.54 2.50 75.3 0.080 0.050 0.055 0.055 7225 PA 0.055 UNCH 100 0.055 — — 52.1 7.511 5.096 6.720 6.680 5183 PCHEM 6.700 UNCH 6506.6 6.698 19.25 2.69 53,600.0 0.735 0.377 0.655 0.650 9997 PENSONI 0.655 -0.005 54.5 0.654 4.26 5.34 84.9 6.180 3.794 6.040 5.930 5436 PERSTIM 5.950 -0.100 17.7 5.987 10.69 6.39 590.9 0.330 0.080 0.115 0.115 5146 PERWAJA 0.115 UNCH 190 0.115 — — 64.4 23.312 19.898 22.200 21.720 6033 PETGAS 21.900 UNCH 568.6 21.886 21.80 2.74 43,334.2 7.310 2.550 5.570 5.420 3042 PETRONM 5.460 0.050 66.6 5.476 6.68 — 1,474.2 13.740 5.460 13.200 13.100 7095 PIE 13.100 -0.100 13 13.115 20.48 0.92 1,006.2 1.089 0.766 0.970 0.920 7172 PMBTECH 0.970 UNCH 30 0.955 9.73 4.12 77.6 3.337 1.375 2.720 2.670 8869 PMETAL 2.710 0.030 685.8 2.703 25.21 2.77 3,519.8 0.650 0.430 0.505 0.500 6637 PNEPCB 0.505 0.025 53.3 0.501 — — 66.4 0.495 0.350 0.355 0.355 8117 POLY 0.355 UNCH 5 0.355 8.57 — 56.8 1.170 0.650 0.890 0.875 8273 PPHB 0.890 0.015 15.1 0.875 6.88 — 97.8 0.380 0.300 — — 9458 PREMIER 0.335 — — — 81.71 — 112.9 0.557 0.400 0.470 0.470 9873 PRESTAR 0.470 -0.005 121 0.470 7.70 4.26 85.5 1.180 0.450 1.110 1.090 7168 PRG 1.100 -0.010 984.9 1.096 26.25 0.91 162.9 0.200 0.105 0.120 0.110 7123 PWORTH 0.115 UNCH 2922.9 0.115 21.30 — 75.3 1.750 1.360 — — 7544 QUALITY 1.530 — — — — — 88.7 0.950 0.690 — — 7498 RALCO 0.790 — — — 13.46 — 33.2 6.330 5.400 6.060 6.040 7765 RAPID 6.060 UNCH 326.9 6.050 — — 530.0 0.505 0.224 0.390 0.385 7232 RESINTC 0.385 -0.005 41.2 0.387 7.95 6.49 52.8 0.960 0.633 0.790 0.770 7803 RUBEREX 0.790 UNCH 33.4 0.783 12.17 3.80 181.1 4.200 3.154 3.800 3.760 5134 SAB 3.760 -0.070 10 3.778 19.11 1.33 514.9

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

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

2 2 MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY



8.280 2.688 6.470 6.220 9822 SAM 6.220 -0.080 156.7 6.250 8.69 1.92 536.9 1.243 0.777 1.030 1.020 7811 SAPIND 1.020 0.010 15.4 1.028 9.60 5.88 74.2 1.870 1.130 1.660 1.610 5170 SCABLE 1.620 UNCH 4660.7 1.635 12.91 3.70 513.6 3.248 1.644 2.980 2.960 7247 SCGM 2.960 -0.020 10.1 2.970 16.67 3.72 390.7 1.070 0.700 0.850 0.845 9237 SCIB 0.845 UNCH 13.3 0.847 256.06 — 62.2 13.300 6.410 13.180 13.020 4731 SCIENTX 13.040 -0.200 224.9 13.079 13.56 1.69 2,999.2 0.970 0.280 0.325 0.320 7239 SCNWOLF 0.325 UNCH 447.9 0.321 — — 28.4 0.380 0.230 0.250 0.240 7366 SCOMIEN 0.240 -0.010 36.9 0.247 16.22 — 82.1 1.350 0.526 0.945 0.925 7073 SEACERA 0.940 UNCH 1243.6 0.934 61.44 3.19 178.2 0.440 0.230 0.245 0.230 5145 SEALINK 0.230 -0.015 230 0.235 — — 115.0 0.770 0.335 0.365 0.345 5163 SEB 0.365 UNCH 50 0.350 — 5.48 29.2 6.350 2.600 3.110 3.070 4324 SHELL 3.070 -0.030 176 3.079 2.62 — 921.0 0.695 0.365 0.490 0.485 5181 SIGGAS 0.490 UNCH 15 0.488 14.33 1.43 91.9 0.720 0.480 0.520 0.520 7115 SKBSHUT 0.520 -0.030 1 0.520 — — 20.8 1.556 0.817 1.370 1.350 7155 SKPRES 1.360 -0.020 1143.9 1.363 19.83 1.44 1,522.5 2.388 0.780 — — 7248 SLP 2.200 — — — 19.96 1.36 544.1 0.850 0.610 — — 7132 SMISCOR 0.750 — — — 83.33 3.33 33.6 1.030 0.690 1.010 1.000 5665 SSTEEL 1.000 -0.010 28 1.001 — — 419.4 0.470 0.200 0.395 0.360 7143 STONE 0.375 0.015 1167.5 0.379 — — 33.7 2.240 1.500 1.700 1.700 6904 SUBUR 1.700 UNCH 6.5 1.700 — — 355.3 2.550 1.300 — — 7207 SUCCESS 2.300 — — — 9.86 3.48 276.0 2.320 1.107 1.970 1.950 7235 SUPERLN 1.950 UNCH 9.5 1.961 9.56 2.56 156.0 3.534 1.870 2.830 2.750 7106 SUPERMX 2.820 0.070 4908.5 2.804 15.10 1.42 1,918.0 5.750 3.126 5.050 5.010 5012 TAANN 5.010 -0.040 152.2 5.021 9.98 3.99 1,857.4 0.440 0.240 0.440 0.425 4022 TADMAX 0.430 UNCH 2891.5 0.433 2.81 — 191.4 0.830 0.370 0.425 0.405 5149 TAS 0.410 -0.020 730.4 0.414 5.40 — 73.8 15.669 13.828 15.400 15.380 4448 TASEK 15.400 0.100 3.8 15.400 20.50 7.14 1,903.8 15.800 14.900 — — 4448P TASEK-PA 15.800 — — — — 6.96 5.3 0.185 0.080 0.110 0.110 5178 TATGIAP 0.110 0.010 50 0.110 — — 17.1 0.450 0.215 — — 7097 TAWIN 0.390 — — — 21.67 — 25.1 2.210 0.700 1.290 1.250 7439 TECGUAN 1.280 UNCH 220.6 1.268 6.68 — 51.3 1.720 0.685 1.420 1.330 9741 TECNIC 1.420 0.110 21.5 1.390 0.61 — 57.4 0.495 0.220 0.360 0.350 6378 TEKALA 0.360 0.015 91 0.355 — — 55.1 3.530 1.650 3.170 3.090 7034 TGUAN 3.120 0.020 58.4 3.110 8.59 2.24 328.4 3.260 1.562 2.500 2.470 7374 TIENWAH 2.470 -0.010 36 2.483 7.02 7.29 238.3 0.800 0.640 — — 7854 TIMWELL 0.690 — — — 56.10 — 61.4 2.929 1.374 2.400 2.380 7285 TOMYPAK 2.400 UNCH 101 2.393 11.33 4.17 262.7 2.300 1.660 1.970 1.970 5010 TONGHER 1.970 UNCH 24.4 1.970 — 6.09 251.0 7.030 4.870 5.340 5.260 7113 TOPGLOV 5.320 0.060 4641.1 5.315 16.23 1.88 6,674.5 0.745 0.530 0.590 0.590 7173 TOYOINK 0.590 -0.010 3 0.590 134.09 1.69 63.1 0.215 0.140 — — 4359 TURIYA 0.160 — — — 21.05 — 36.6 1.750 1.360 1.670 1.660 7100 UCHITEC 1.660 -0.010 542.4 1.660 12.70 6.02 656.5 5.600 2.735 5.490 5.490 7133 ULICORP 5.490 UNCH 0.9 5.490 29.53 2.19 797.1 1.332 0.681 1.030 1.020 7227 UMSNGB 1.030 0.030 18.6 1.026 8.53 2.91 82.4 0.820 0.610 0.690 0.645 4995 VERSATL 0.645 -0.055 2.4 0.688 — — 75.7 1.633 1.130 1.250 1.220 6963 VS 1.250 0.020 2948.7 1.241 20.16 4.72 1,461.0 1.408 0.715 0.750 0.740 5142 WASEONG 0.740 -0.005 154.5 0.743 60.66 4.05 573.4 0.400 0.275 0.345 0.340 7226 WATTA 0.345 0.005 50 0.341 — — 29.1 2.150 1.377 1.780 1.710 7111 WEIDA 1.760 -0.020 64.5 1.759 8.49 1.70 234.7 2.865 1.609 2.530 2.510 7231 WELLCAL 2.530 0.010 279.5 2.520 21.15 3.64 839.1 0.670 0.490 0.520 0.510 7050 WONG 0.520 UNCH 76.2 0.514 — — 47.7 0.580 0.410 0.470 0.425 7025 WOODLAN 0.450 -0.010 7.2 0.447 31.47 — 18.0 2.407 2.054 — — 5009 WTHORSE 2.200 — — — 13.57 4.55 528.0 1.550 0.895 1.350 1.310 4243 WTK 1.340 0.020 2975.4 1.335 10.75 1.37 645.0 1.570 0.830 0.960 0.950 7245 WZSATU 0.950 -0.005 172 0.954 12.80 1.76 317.2 1.080 0.790 0.970 0.940 5048 YILAI 0.940 -0.015 433.1 0.950 15.80 2.13 150.4 0.300 0.160 0.245 0.235 7020 YKGI 0.245 UNCH 182.1 0.241 — — 85.3 0.825 0.510 0.595 0.590 7014 YLI 0.590 -0.005 98 0.593 — — 59.9CONSTRUCTION 0.560 0.260 — — 7007 ARK 0.305 — — — 17.63 — 14.0 0.775 0.505 0.775 0.745 7078 AZRB 0.755 UNCH 13558.8 0.760 15.93 2.65 365.1 1.079 0.540 0.735 0.725 6173 BDB 0.735 0.005 227.4 0.732 7.98 5.44 223.3 0.835 0.495 0.535 0.520 5190 BENALEC 0.520 -0.015 655.1 0.527 346.67 0.58 422.1 0.573 0.330 0.405 0.405 5932 BPURI 0.405 -0.005 12 0.405 23.68 4.94 94.6 1.142 0.847 0.905 0.900 8761 BREM 0.900 -0.005 125 0.902 17.41 3.33 310.9 1.168 0.840 0.850 0.840 8591 CRESBLD 0.850 0.005 532.4 0.841 13.08 4.41 150.4 1.859 1.540 1.670 1.670 7528 DKLS 1.670 -0.010 4.4 1.670 6.21 1.80 154.8 1.330 0.753 1.330 1.250 5253 ECONBHD 1.320 0.050 4473 1.296 11.96 1.89 706.2 1.306 0.835 1.210 1.080 8877 EKOVEST 1.200 0.120 3550.6 1.158 44.61 1.67 1,026.5 0.620 0.330 0.610 0.590 7047 FAJAR 0.605 -0.005 1116.8 0.597 31.84 2.07 199.6 2.580 1.100 2.120 2.090 9261 GADANG 2.100 0.010 259.5 2.104 5.68 2.38 493.7 5.070 3.665 4.980 4.940 5398 GAMUDA 4.970 0.010 2273.3 4.953 18.74 2.41 11,968.2 1.373 0.780 0.860 0.845 5226 GBGAQRS 0.845 -0.015 1696.1 0.851 — — 330.3 1.540 0.780 0.895 0.885 5169 HOHUP 0.885 -0.010 549.7 0.890 4.33 — 308.3 1.457 1.301 — — 5169PA HOHUP-PA 1.340 — — — — 1.87 10.6 1.490 1.290 — — 5169PB HOHUP-PB 1.290 — — — — 1.16 23.9 2.140 1.601 2.010 2.000 6238 HSL 2.000 UNCH 463 2.008 14.43 1.30 1,165.4 3.651 2.844 3.640 3.590 3336 IJM 3.630 -0.010 5623.5 3.614 14.92 2.34 13,018.3 0.835 0.540 0.750 0.720 5268 IKHMAS 0.745 0.020 3549.9 0.738 12.82 — 387.4 0.863 0.480 0.550 0.545 8834 IREKA 0.550 -0.010 56 0.547 — — 94.0 1.280 0.595 1.150 1.130 4723 JAKS 1.150 UNCH 405.2 1.140 12.13 — 504.1 0.455 0.195 0.230 0.220 9083 JETSON 0.225 UNCH 229.5 0.222 22.73 — 42.3 1.840 1.170 1.830 1.780 7161 KERJAYA 1.800 0.020 227 1.801 10.15 1.67 478.0 1.090 0.740 0.910 0.905 3565 KEURO 0.905 -0.005 207.5 0.906 905.00 — 907.5 1.870 1.050 1.860 1.840 5171 KIMLUN 1.850 UNCH 301.9 1.848 7.71 2.05 556.0 1.540 1.060 — — 9628 LEBTECH 1.540 — — — — — 210.2 1.404 0.663 — — 5129 MELATI 0.840 — — — 17.91 2.08 100.8 0.485 0.325 — — 5006 MERGE 0.375 — — — 8.76 — 25.1 1.336 1.020 1.260 1.240 9571 MITRA 1.260 0.010 1222.1 1.249 8.94 2.64 809.5 0.370 0.190 0.290 0.270 5924 MTDACPI 0.290 UNCH 12 0.273 — — 67.2 1.520 0.840 1.420 1.390 5085 MUDAJYA 1.390 -0.030 354.2 1.402 — — 767.9 2.701 1.497 2.380 2.330 5703 MUHIBAH 2.350 UNCH 49 2.355 13.08 1.70 1,108.9 0.985 0.355 0.390 0.380 8311 PESONA 0.385 0.005 5317.5 0.386 19.44 2.60 251.8 1.575 1.172 — — 7055 PLB 1.260 — — — 26.75 3.97 115.0 1.994 1.366 1.710 1.680 5070 PRTASCO 1.700 UNCH 1913.1 1.696 8.60 5.29 576.0 0.235 0.110 0.120 0.120 7145 PSIPTEK 0.120 -0.005 50.9 0.120 20.00 — 38.0 4.063 2.905 3.620 3.600 9598 PTARAS 3.610 0.010 13 3.610 16.87 4.99 587.6 1.050 0.660 0.720 0.700 5205 SENDAI 0.710 0.005 107.7 0.705 9.83 1.76 549.5 1.720 0.954 1.640 1.620 5263 SUNCON 1.640 0.010 3873.6 1.628 16.68 2.44 2,120.4 0.530 0.330 0.365 0.355 9717 SYCAL 0.365 0.010 150.7 0.359 7.13 — 116.9 0.525 0.265 0.475 0.465 5054 TRC 0.470 UNCH 810.4 0.469 7.36 0.38 225.8 1.740 0.845 1.400 1.360 5622 TRIPLC 1.380 0.050 47.6 1.379 12.05 — 91.6 0.792 0.438 0.555 0.535 5042 TSRCAP 0.545 0.025 57.2 0.552 19.89 1.63 95.1 1.760 1.083 1.740 1.700 9679 WCT 1.730 0.010 1550.6 1.722 9.21 1.13 2,174.5 0.865 0.555 0.780 0.765 7028 ZECON 0.770 -0.005 214.9 0.771 — — 91.7 0.395 0.200 0.225 0.220 2283 ZELAN 0.220 -0.005 826.9 0.220 6.09 — 185.9TRADING SERVICES 0.369 0.150 0.305 0.295 5238 AAX 0.295 -0.005 10572.8 0.298 — — 1,223.7 0.595 0.270 0.290 0.285 5166 AEGB 0.290 -0.005 314.7 0.290 — 34.48 118.9 3.300 2.470 2.870 2.800 6599 AEON 2.870 0.040 174.7 2.847 30.18 1.74 4,029.5 0.235 0.135 0.210 0.200 7315 AHB 0.200 UNCH 2039.8 0.204 21.51 — 32.0 2.367 0.765 1.910 1.880 5099 AIRASIA 1.890 UNCH 21187.4 1.900 9.73 2.12 5,259.8 6.982 4.220 6.540 6.430 5014 AIRPORT 6.430 -0.070 2137.4 6.482 — 1.18 10,668.6 0.740 0.340 0.365 0.360 5115 ALAM 0.365 0.005 903.6 0.361 6.52 — 337.4 0.095 0.080 0.090 0.085 0159 AMEDIA 0.085 UNCH 358.2 0.085 — — 20.4 10.626 8.984 9.620 9.560 6351 AMWAY 9.600 -0.050 3.1 9.598 2.78 4.17 1,578.1 2.780 1.518 2.320 2.310 7083 ANALABS 2.310 -0.010 5.9 2.319 10.97 1.30 138.7 0.345 0.045 0.050 0.045 5194 APFT 0.050 -0.005 1967.1 0.049 — — 21.7 1.308 0.725 0.760 0.725 5210 ARMADA 0.740 -0.020 43645.1 0.736 — 2.20 4,341.0 0.175 0.105 0.115 0.115 1481 ASB 0.115 UNCH 58 0.115 — 2.17 76.4 3.207 2.385 2.970 2.870 6399 ASTRO 2.920 -0.050 1385 2.902 24.96 3.77 15,198.6 4.667 4.160 4.380 4.300 7048 ATLAN 4.350 UNCH 305 4.355 24.05 6.32 1,103.4 0.495 0.285 0.450 0.445 7579 AWC 0.450 -0.005 955.3 0.448 13.27 — 116.8 6.833 5.270 5.870 5.820 6888 AXIATA 5.860 -0.010 3816.9 5.854 19.86 3.75 51,699.9 0.299 0.203 — — 5021 AYS 0.280 — — — 7.39 4.46 106.5 1.060 0.690 0.735 0.730 7251 BARAKAH 0.735 0.015 10 0.734 30.63 2.72 606.0 0.633 0.335 0.485 0.475 7241 BHS 0.485 UNCH 612.9 0.481 — — 203.3 0.450 0.195 0.275 0.275 6998 BINTAI 0.275 UNCH 40 0.275 — — 59.0 7.190 6.347 6.700 6.700 5032 BIPORT 6.700 -0.100 2 6.700 24.16 3.28 3,082.0 1.370 1.080 1.310 1.260 5275 BISON 1.300 -0.010 4906.2 1.286 — — 403.1 2.802 1.740 2.110 2.090 5248 BJAUTO 2.100 0.010 781.6 2.100 12.05 4.60 2,407.1 0.462 0.336 0.390 0.385 3395 BJCORP 0.385 -0.005 8199.1 0.386 — 2.60 1,799.2 2.893 1.891 2.050 2.040 5196 BJFOOD 2.050 UNCH 71.1 2.043 40.43 1.59 775.2 0.855 0.610 0.700 0.695 4219 BJLAND 0.700 UNCH 20 0.698 — — 3,500.2 0.550 0.330 0.405 0.400 6025 BJMEDIA 0.400 -0.010 10 0.401 — — 94.0 3.470 2.858 3.240 3.210 1562 BJTOTO 3.240 0.020 614.9 3.226 15.62 5.08 4,377.3 0.215 0.119 0.155 0.145 7036 BORNOIL 0.150 -0.005 38839 0.150 19.74 — 445.9 1.170 0.555 0.925 0.900 9474 BRAHIMS 0.910 0.010 234.8 0.912 — — 215.0 4.443 3.630 3.940 3.910 2771 BSTEAD 3.910 -0.040 34 3.939 305.47 5.12 4,043.6 1.090 0.450 0.480 0.460 5257 CARIMIN 0.460 -0.015 115.9 0.463 — — 107.6 2.140 0.990 1.790 1.790 5245 CARING 1.790 -0.040 0.5 1.790 29.59 1.12 389.7 3.930 2.020 3.450 3.410 2925 CCB 3.450 0.050 18.2 3.449 6.67 1.45 347.6 1.092 0.683 0.850 0.845 7117 CENTURY 0.850 UNCH 314.2 0.848 9.84 4.71 319.3 0.513 0.332 — — 7209 CHEETAH 0.440 — — — 30.34 1.70 56.2 0.633 0.400 — — 7016 CHUAN 0.470 — — — — 1.21 79.3 0.105 0.060 0.085 0.085 5104 CNI 0.085 0.005 56 0.085 — 3.53 61.2 1.040 0.650 0.780 0.775 5136 COMPLET 0.775 -0.005 22 0.777 25.00 3.87 94.9 0.060 0.040 0.045 0.045 5037 COMPUGT 0.045 UNCH 420 0.045 75.00 — 96.0 2.070 1.390 2.070 2.010 5184 CYPARK 2.050 0.020 687.4 2.045 9.78 2.44 509.8 0.145 0.080 0.085 0.080 0091 DAYA 0.080 UNCH 528.6 0.080 — — 138.9 2.770 0.990 1.270 1.240 5141 DAYANG 1.270 0.010 507.7 1.252 6.49 5.51 1,113.9 1.775 0.870 1.190 1.170 5132 DELEUM 1.190 UNCH 179.3 1.178 10.73 4.62 476.0 0.685 0.480 0.605 0.595 7212 DESTINI 0.600 -0.005 334.1 0.600 23.62 — 552.4 1.679 1.284 1.600 1.580 7277 DIALOG 1.600 UNCH 4613.4 1.598 28.52 1.38 8,372.0 5.330 3.530 4.000 3.990 5908 DKSH 4.000 0.130 6.9 3.991 17.13 2.38 630.6 1.697 0.972 1.430 1.380 5216 DSONIC 1.400 0.010 5360.1 1.405 37.04 1.43 1,890.0 0.430 0.240 0.280 0.270 2097 EASTLND 0.280 0.005 4.5 0.274 7.65 — 68.8 1.476 0.629 1.230 1.190 5259 EATECH 1.210 0.020 3262 1.206 15.55 1.86 609.8 0.450 0.210 — — 5036 EDARAN 0.240 — — — — — 14.4 0.325 0.195 0.220 0.215 7471 EDEN 0.215 UNCH 63 0.216 — — 66.9 3.710 2.718 3.640 3.540 1368 EDGENTA 3.550 -0.090 863.5 3.599 15.11 4.23 2,952.3 0.366 0.178 0.290 0.285 0064 EFFICEN 0.285 -0.005 459.1 0.289 4.07 — 202.1 1.097 0.810 — — 5081 EIG 0.880 — — — 9.81 3.98 204.5 1.567 1.047 1.360 1.360 5208 EITA 1.360 0.030 10 1.360 8.36 2.94 176.8 1.420 0.695 1.320 1.230 7189 EKIB 1.230 -0.030 186.7 1.274 22.61 — 113.0

1.380 0.966 1.190 1.180 5056 ENGTEX 1.190 -0.010 269.4 1.186 8.75 0.84 361.8 2.407 1.444 2.170 2.100 6939 FIAMMA 2.130 0.010 2784.7 2.106 5.68 3.52 377.8 0.699 0.425 0.480 0.465 9318 FITTERS 0.465 0.005 2420.6 0.472 22.14 — 223.3 1.519 1.217 1.270 1.270 7210 FREIGHT 1.270 -0.020 3 1.270 10.70 3.94 220.9 0.340 0.145 0.175 0.170 0128 FRONTKN 0.170 -0.005 718.8 0.171 42.50 — 179.1 0.450 0.110 — — 9377 FSBM 0.145 — — — — — 18.5 2.794 1.892 2.400 2.400 5209 GASMSIA 2.400 0.010 21 2.400 29.06 4.82 3,081.6 1.829 0.815 1.560 1.550 0078 GDEX 1.560 0.010 90 1.556 62.90 0.64 2,157.9 4.640 3.722 4.600 4.520 4715 GENM 4.600 UNCH 4064.9 4.549 21.22 1.37 27,315.0 9.900 6.510 9.250 9.100 3182 GENTING 9.170 -0.090 4771.3 9.144 25.77 0.44 34,325.1 1.880 1.034 1.800 1.780 3204 GKENT 1.790 UNCH 671.8 1.784 10.72 1.96 537.7 0.503 0.380 0.475 0.435 7676 GUNUNG 0.460 0.020 61.6 0.454 — 1.30 108.6 2.580 1.773 2.550 2.540 7668 HAIO 2.550 -0.020 88.7 2.549 14.52 5.88 515.6 0.070 0.060 — — 7110 HAISAN 0.065 — — — — — 5.2 0.410 0.265 — — 7253 HANDAL 0.300 — — — 8.33 — 48.0 7.930 3.958 7.630 7.520 3034 HAPSENG 7.630 0.010 927.7 7.597 18.05 2.62 17,827.2 1.412 1.230 1.290 1.250 2062 HARBOUR 1.290 0.030 151 1.277 9.85 1.94 516.5 3.467 2.800 — — 5008 HARISON 2.980 — — — 13.03 5.03 204.1 0.017 0.005 0.010 0.005 7013 HUBLINE 0.010 UNCH 2868.9 0.010 — — 106.0 0.745 0.250 0.360 0.355 5255 ICON 0.360 UNCH 1000.7 0.357 — — 423.8 6.750 5.320 6.710 6.670 5225 IHH 6.690 0.010 3541.6 6.684 58.79 0.45 55,019.8 0.882 0.683 — — 5614 ILB 0.795 — — — — 3.14 141.5 1.630 0.920 — — 5673 IPMUDA 1.010 — — — 41.74 — 73.2 0.345 0.205 0.245 0.235 8923 JIANKUN 0.240 UNCH 332.4 0.239 — — 36.4 1.980 1.450 1.790 1.750 0058 JOBST 1.770 -0.010 17 1.768 9.75 1.41 247.8 0.490 0.315 0.370 0.345 8672 KAMDAR 0.370 0.025 49.8 0.351 — — 73.3 0.450 0.290 0.325 0.325 5079 KBES 0.325 UNCH 5 0.325 — — 41.0 1.981 1.638 1.830 1.810 6491 KFIMA 1.830 -0.010 10.6 1.815 11.10 4.64 506.9 0.408 0.230 0.260 0.260 0151 KGB 0.260 UNCH 40 0.260 — 3.85 57.2 1.944 1.250 1.410 1.410 5035 KNUSFOR 1.410 0.070 9 1.410 81.03 3.55 140.5 4.379 3.904 4.300 4.230 5878 KPJ 4.300 0.020 71.3 4.277 33.62 1.63 4,542.0 1.538 0.955 1.090 1.070 5843 KPS 1.070 -0.010 68.1 1.083 13.49 3.74 533.9 0.650 0.350 0.615 0.605 9121 KPSCB 0.610 UNCH 335.8 0.610 2.84 — 90.2 0.345 0.190 0.205 0.205 4847 KTB 0.205 -0.005 40 0.205 62.12 — 82.6 0.460 0.235 0.285 0.280 6874 KUB 0.280 -0.005 318 0.280 19.44 — 155.8 0.350 0.165 0.260 0.255 7170 LFECORP 0.255 -0.005 40 0.256 26.02 — 46.3 0.785 0.500 0.650 0.650 8486 LIONFIB 0.650 UNCH 2 0.650 — — 150.5 1.940 0.969 1.760 1.750 5143 LUXCHEM 1.750 -0.010 23.4 1.755 11.71 3.71 465.2 2.666 2.392 2.500 2.480 3859 MAGNUM 2.490 -0.010 261 2.490 15.47 6.43 3,580.0 1.855 1.165 1.720 1.680 5264 MALAKOF 1.710 0.010 4248.2 1.703 3.49 4.09 8,550.0 0.185 0.135 0.155 0.150 3514 MARCO 0.155 0.005 150 0.150 8.29 1.29 163.4 7.034 5.516 6.280 6.130 6012 MAXIS 6.130 -0.150 6508.9 6.176 26.39 3.26 46,037.4 1.258 0.510 0.945 0.855 5077 MAYBULK 0.925 0.015 24319.5 0.898 — 1.08 925.0 3.410 1.914 2.170 2.170 5983 MBMR 2.170 UNCH 7.1 2.170 10.54 3.23 847.8 1.634 0.997 1.480 1.450 4502 MEDIA 1.450 UNCH 1488.4 1.455 11.60 6.90 1,608.3 0.750 0.484 0.745 0.735 5090 MEDIAC 0.735 -0.010 362.1 0.740 10.92 5.73 1,240.1 1.000 0.650 — — 7234 MESB 0.770 — — — 157.14 — 32.3 2.306 1.654 1.850 1.830 3069 MFCB 1.850 UNCH 80.1 1.839 6.32 3.79 743.5 1.380 0.875 1.150 1.110 5186 MHB 1.130 -0.020 579 1.125 40.94 — 1,808.0 9.275 7.308 8.920 8.850 3816 MISC 8.880 -0.050 2422.4 8.875 16.07 3.38 39,638.5 2.754 1.490 2.130 2.100 2194 MMCCORP 2.120 0.010 479.8 2.111 3.99 1.65 6,455.5 0.540 0.330 0.365 0.360 0059 MMODE 0.360 -0.005 278 0.360 6.28 2.78 58.6 0.125 0.060 0.070 0.070 0043 MTRONIC 0.070 UNCH 50 0.070 11.67 — 53.1 0.240 0.155 0.185 0.175 3891 MUIIND 0.185 0.005 510.4 0.180 — — 542.5 0.405 0.245 0.310 0.300 3905 MULPHA 0.310 0.005 1399.9 0.305 3.90 — 730.3 2.380 1.241 2.110 2.080 0138 MYEG 2.100 UNCH 2756.4 2.093 49.88 0.57 5,048.8 1.160 0.560 — — 9806 NATWIDE 0.700 — — — — — 42.1 0.135 0.070 0.075 0.075 4464 NICORP 0.075 UNCH 290 0.075 41.67 — 64.8 1.007 0.660 — — 5533 OCB 0.820 — — — 14.46 2.44 84.3 0.829 0.583 0.810 0.790 0172 OCK 0.810 0.010 768.7 0.800 20.25 0.74 641.7 1.706 1.207 — — 5201 OLDTOWN 1.520 — — — 15.43 3.95 704.1 0.150 0.085 0.110 0.105 3018 OLYMPIA 0.110 UNCH 4.1 0.106 12.64 — 112.6 2.750 1.506 2.390 2.320 5260 OWG 2.340 -0.070 712.1 2.343 27.66 — 547.6 0.501 0.378 0.430 0.430 8419 PANSAR 0.430 0.010 75 0.430 13.87 5.23 120.4 0.739 0.445 0.595 0.580 5125 PANTECH 0.580 UNCH 58.6 0.582 9.31 3.62 357.6 2.045 0.865 0.965 0.930 5657 PARKSON 0.930 -0.020 6293.1 0.947 — — 1,017.3 1.410 0.896 1.110 1.090 5041 PBA 1.100 -0.010 176 1.100 12.51 3.41 364.4 0.145 0.055 0.065 0.060 6254 PDZ 0.065 0.005 173 0.062 — — 56.5 1.473 0.841 1.240 1.220 5133 PENERGY 1.240 -0.010 200 1.230 7.78 1.61 399.0 1.570 1.260 — — 7108 PERDANA 1.540 — — — — 1.30 1,198.8 0.605 0.230 0.255 0.250 0047 PERISAI 0.250 UNCH 1882.4 0.250 — — 305.7 0.250 0.135 0.160 0.160 7080 PERMAJU 0.160 0.005 30 0.160 — — 31.3 7.047 4.718 6.700 6.700 5219 PESTECH 6.700 UNCH 500.9 6.700 16.47 1.04 1,250.2 26.089 18.351 23.900 23.660 5681 PETDAG 23.860 UNCH 830.6 23.862 30.02 2.51 23,703.8 0.250 0.030 — — 7027 PETONE 0.055 — — — 0.48 — 2.8 7.184 5.176 5.870 5.800 7081 PHARMA 5.850 -0.400 161.5 5.845 18.03 5.13 1,514.5 0.270 0.155 0.170 0.160 7201 PICORP 0.170 0.010 217.4 0.160 — 2.24 111.9 0.430 0.210 0.220 0.220 7163 PJBUMI 0.220 -0.020 18 0.220 — — 11.0 5.116 2.040 2.660 2.610 4634 POS 2.610 -0.030 810.6 2.636 20.42 5.02 1,401.6 3.259 1.559 3.020 3.000 5204 PRESBHD 3.000 0.010 1378.7 3.009 84.27 1.25 1,452.0 3.310 2.410 2.600 2.520 8346 PRKCORP 2.600 0.050 12.3 2.530 3.10 — 260.0 1.150 1.000 1.110 1.100 5272 RANHILL 1.110 UNCH 868.8 1.105 129.07 — 986.0 0.200 0.100 0.160 0.155 0037 RGB 0.160 UNCH 528.6 0.156 9.58 2.81 210.9 0.410 0.340 0.385 0.375 8885 RPB 0.385 0.005 25 0.377 — — 330.5 0.921 0.545 0.615 0.605 8567 SALCON 0.610 0.005 663.1 0.609 18.48 4.92 413.4 0.935 0.603 0.745 0.745 5147 SAMCHEM 0.745 -0.005 0.1 0.745 25.17 4.70 101.3 0.660 0.460 0.470 0.460 7185 SAMUDRA 0.470 0.010 131 0.463 9.14 — 87.1 0.205 0.090 0.120 0.115 9113 SANBUMI 0.115 -0.005 19 0.118 — — 21.8 2.450 1.543 2.400 2.380 0099 SCICOM 2.400 UNCH 42.5 2.389 21.41 3.33 853.1 0.265 0.135 0.190 0.185 7158 SCOMI 0.190 0.005 1401.9 0.187 7.04 — 364.3 0.515 0.195 0.220 0.215 7045 SCOMIES 0.220 UNCH 375.6 0.217 10.33 — 515.2 1.310 0.930 1.120 1.120 7053 SEEHUP 1.120 UNCH 1 1.120 4.89 4.02 58.5 1.404 1.213 1.260 1.250 9792 SEG 1.250 -0.010 237.6 1.251 33.51 10.40 935.1 1.747 1.293 1.410 1.400 5250 SEM 1.410 UNCH 98.7 1.409 30.92 1.63 1,739.1 9.227 6.535 7.920 7.850 4197 SIME 7.850 -0.050 4113.6 7.895 22.66 3.18 49,667.5 0.900 0.720 — — 9431 SJC 0.750 — — — 22.46 1.33 30.4 2.846 1.360 1.830 1.770 5218 SKPETRO 1.820 0.020 12484.5 1.806 — 1.11 10,905.7 1.530 1.340 1.370 1.360 5242 SOLID 1.360 -0.020 236.9 1.370 29.18 1.91 225.2 2.434 2.206 2.410 2.390 6084 STAR 2.410 0.020 108.7 2.403 13.38 7.47 1,779.9 3.427 2.448 2.520 2.520 9865 SUIWAH 2.520 UNCH 1 2.520 18.93 2.38 153.7 0.235 0.100 0.115 0.110 1201 SUMATEC 0.115 0.005 4898.3 0.112 10.36 — 404.5 2.658 1.877 2.320 2.300 6521 SURIA 2.320 -0.010 5 2.310 5.09 3.02 668.6 0.525 0.330 0.405 0.375 5173 SYSCORP 0.395 0.005 1609 0.391 106.76 — 474.0 1.662 1.192 1.300 1.280 8524 TALIWRK 1.300 UNCH 116.9 1.289 17.17 6.15 1,572.3 2.191 1.471 — — 5140 TASCO 1.580 — — — 11.40 2.85 316.0 14.567 10.103 14.480 14.340 5347 TENAGA 14.380 -0.040 13016.1 14.370 14.13 2.02 81,155.1 1.850 1.229 1.720 1.720 8702 TEXCHEM 1.720 0.010 13.8 1.720 21.23 8.72 213.5 0.515 0.300 0.325 0.320 7228 TGOFFS 0.325 -0.005 33 0.324 — — 124.0 0.370 0.130 0.135 0.130 7206 THHEAVY 0.130 -0.010 1958.4 0.133 — — 145.7 7.337 5.792 6.760 6.650 4863 TM 6.710 -0.020 8326.2 6.707 35.84 3.19 25,215.7 0.815 0.460 0.800 0.790 0101 TMCLIFE 0.795 UNCH 856.1 0.794 70.35 0.18 1,377.6 1.500 0.882 1.250 1.240 8397 TNLOGIS 1.240 0.010 42.5 1.249 6.60 3.23 521.7 0.550 0.330 — — 7218 TOCEAN 0.450 — — — 75.00 — 18.4 3.006 2.661 — — 5711 TSTORE 2.760 — — — 18.54 1.36 189.1 1.321 0.900 0.940 0.940 5167 TURBO 0.940 -0.010 4 0.940 12.01 5.32 101.5 2.989 2.218 2.700 2.700 7137 UMS 2.700 0.010 3 2.700 6.51 2.22 109.9 2.520 0.860 0.940 0.925 5243 UMWOG 0.940 0.005 1215.5 0.932 — 1.06 2,032.3 1.430 1.130 1.210 1.210 7091 UNIMECH 1.210 0.010 202.8 1.210 13.72 3.72 155.6 0.750 0.500 0.520 0.520 5754 UTUSAN 0.520 -0.020 1 0.520 — — 57.6 2.600 1.560 1.740 1.730 7250 UZMA 1.730 -0.040 110 1.731 80.47 2.18 503.3 0.815 0.360 0.730 0.730 7240 VOIR 0.730 -0.005 0.5 0.730 — — 96.4 3.010 2.130 — — 5016 WARISAN 2.180 — — — 123.86 3.21 146.5 0.545 0.420 — — 7692 WIDETEC 0.490 — — — 23.00 — 21.9 4.541 3.566 4.250 4.200 5246 WPRTS 4.250 UNCH 1550.3 4.223 28.72 2.61 14,492.5 1.438 0.744 1.010 0.995 5267 XINHWA 1.010 0.010 92.3 1.000 11.16 1.49 181.8 0.120 0.025 0.045 0.040 7122 YFG 0.045 0.005 51.5 0.040 — — 27.4 3.236 2.310 2.790 2.720 7293 YINSON 2.780 0.010 72.1 2.774 13.13 0.54 3,038.0 0.855 0.435 0.830 0.820 7066 YONGTAI 0.820 -0.005 2238.2 0.825 103.80 — 131.5 1.710 1.349 1.670 1.640 4677 YTL 1.660 0.010 7389.9 1.660 18.82 5.72 17,918.0FINANCE 14.355 10.780 12.680 12.520 5139 AEONCR 12.680 -0.060 12.3 12.600 63.08 4.69 1,825.9 2.961 2.073 2.340 2.320 5185 AFFIN 2.340 UNCH 63.1 2.331 12.32 4.48 4,546.5 4.717 3.070 4.150 4.120 2488 AFG 4.130 -0.010 420.7 4.127 12.99 3.49 6,393.7 13.200 9.770 10.600 10.540 1163 ALLIANZ 10.600 UNCH 7.1 10.583 5.77 0.47 1,794.7 13.400 9.650 — — 1163PA ALLIANZ-PA 10.380 — — — — 0.58 955.4 6.224 4.126 4.460 4.380 1015 AMBANK 4.400 -0.060 2743.9 4.404 8.57 4.61 13,262.4 1.970 1.351 — — 5088 APEX 1.700 — — — 18.72 7.06 363.1 4.148 3.170 3.950 3.840 5258 BIMB 3.900 -0.010 264.2 3.928 10.98 3.13 6,195.8 8.950 7.329 8.750 8.650 1818 BURSA 8.730 -0.070 196.4 8.694 23.49 3.95 4,669.4 6.101 3.841 4.850 4.770 1023 CIMB 4.820 -0.030 7641.6 4.810 14.31 2.90 41,101.5 0.500 0.310 0.350 0.350 2143 ECM 0.350 -0.030 0.7 0.350 4.90 — 100.3 1.321 1.192 1.260 1.260 5228 ELKDESA 1.260 -0.010 28.2 1.260 9.03 5.44 232.8 13.633 11.509 13.600 13.300 5819 HLBANK 13.500 0.040 389.7 13.487 12.39 2.97 29,264.2 10.100 7.327 — — 5274 HLCAP 10.100 — — — 30.40 0.84 2,493.7 16.614 12.153 15.340 14.960 1082 HLFG 15.340 0.140 98.1 15.211 10.15 2.45 17,602.9 2.640 1.778 2.180 2.150 6688 HWANG 2.180 0.010 14.1 2.162 15.01 4.59 556.2 1.035 0.572 0.710 0.705 3379 INSAS 0.710 UNCH 97.3 0.707 5.68 1.41 492.3 0.920 0.842 — — 3379PA INSAS-PA 0.910 — — — — 4.40 120.7 0.210 0.105 0.115 0.115 3441 JOHAN 0.115 -0.005 21 0.115 — — 71.6 2.650 1.598 — — 5096 KAF 2.470 — — — 50.51 4.05 296.4 0.764 0.460 0.520 0.520 6483 KENANGA 0.520 UNCH 15.3 0.520 33.33 1.92 380.5 15.804 13.847 15.720 15.480 8621 LPI 15.720 0.140 80.4 15.637 16.26 4.45 5,218.8 0.975 0.624 0.960 0.955 1198 MAA 0.960 UNCH 191.5 0.957 11.58 6.25 281.0 3.127 2.650 2.920 2.910 1058 MANULFE 2.920 UNCH 3.9 2.916 13.21 3.42 590.9 9.190 8.180 9.140 9.050 1155 MAYBANK 9.130 0.010 13174.8 9.116 12.67 6.24 89,139.1 2.189 1.260 1.370 1.360 1171 MBSB 1.370 -0.010 375.3 1.363 5.53 — 3,889.1 4.180 2.820 2.900 2.860 6459 MNRB 2.900 0.040 11 2.896 8.86 — 617.9 1.990 1.290 1.490 1.460 5237 MPHBCAP 1.490 0.030 380.3 1.480 16.82 — 1,065.4 1.477 1.227 1.340 1.340 6009 P&O 1.340 0.010 54.4 1.340 13.40 6.87 329.6 19.360 16.745 19.340 19.160 1295 PBBANK 19.200 -0.160 9006 19.215 14.65 2.92 74,537.1 0.330 0.250 0.285 0.275 9296 RCECAP 0.285 0.010 1884.2 0.281 8.33 5.26 388.7 8.001 5.010 6.110 6.010 1066 RHBCAP 6.100 -0.020 2148.3 6.041 10.50 1.97 18,755.5 0.704 0.505 0.565 0.545 4898 TA 0.560 -0.005 1187.2 0.554 — 3.21 958.7 4.440 3.654 4.200 4.120 6139 TAKAFUL 4.200 0.050 225.4 4.153 21.94 3.42 3,444.7 1.897 1.100 1.400 1.380 5230 TUNEPRO 1.380 -0.020 1003.4 1.384 15.05 2.93 1,037.4

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


2 3




PROPERTIES 1.011 0.693 0.885 0.885 1007 AMPROP 0.885 -0.005 32.9 0.885 6.24 3.39 531.4 1.138 0.760 0.825 0.825 5959 A&M 0.825 -0.005 54 0.825 12.63 1.82 301.2 0.507 0.354 0.430 0.430 1007PA AMPROP-PA 0.430 UNCH 4.7 0.430 — 4.65 127.2 0.295 0.155 0.190 0.185 4057 ASIAPAC 0.185 -0.005 270 0.189 0.48 1.62 183.6 0.680 0.505 — — 6602 BCB 0.515 — — — 6.12 — 212.4 0.745 0.475 0.520 0.520 9814 BERTAM 0.520 0.030 1 0.520 8.46 — 107.5 0.909 0.721 0.800 0.795 3239 BJASSET 0.800 UNCH 53 0.800 23.05 1.25 890.4 1.420 0.900 1.000 0.970 5738 CHHB 1.000 UNCH 10 0.983 — — 275.7 2.401 1.590 — — 6718 CRESNDO 1.680 — — — 21.43 2.98 471.2 2.648 1.434 1.530 1.520 5049 CVIEW 1.520 -0.030 1 1.527 7.18 13.16 152.0 2.624 1.939 — — 5355 DAIMAN 2.300 — — — 16.17 2.17 488.0 1.080 0.430 0.860 0.835 3484 DBHD 0.855 -0.005 91.9 0.846 — — 264.5 1.988 1.380 1.650 1.630 3417 E&O 1.640 UNCH 702.6 1.639 13.46 — 2,066.0 0.365 0.210 0.240 0.230 3557 ECOFIRS 0.240 UNCH 105.4 0.237 9.06 — 175.2 1.890 1.170 1.440 1.430 8206 ECOWLD 1.440 0.020 1076.2 1.432 49.66 — 3,404.5 1.520 0.700 — — 6076 ENCORP 0.735 — — — 55.68 — 204.8 2.950 1.750 — — 8613 ENRA 2.000 — — — 26.77 — 272.4 1.000 0.655 — — 6815 EUPE 0.795 — — — 13.32 1.89 101.8 0.626 0.445 0.530 0.530 6041 FARLIM 0.530 -0.015 18 0.530 5.86 9.43 74.4 0.931 0.710 0.830 0.825 5020 GLOMAC 0.825 0.010 11 0.828 6.74 5.15 600.5 0.502 0.332 0.415 0.400 9962 GMUTUAL 0.400 -0.005 67.7 0.403 9.39 5.00 150.2 0.665 0.425 0.505 0.495 1147 GOB 0.505 UNCH 2118.9 0.501 4.20 — 229.6 1.150 0.860 — — 2968 GPLUS 1.050 — — — 7.89 — 154.2 1.459 1.005 1.240 1.210 1503 GUOCO 1.240 0.020 64.4 1.216 4.22 1.61 868.6 0.750 0.430 — — 7010 HOOVER 0.520 — — — — — 20.8 2.041 1.547 1.840 1.810 5062 HUAYANG 1.810 -0.010 211 1.823 4.03 7.18 477.8 0.668 0.455 0.555 0.535 4251 IBHD 0.550 0.010 2961.1 0.545 13.58 2.75 545.3 1.313 0.950 1.090 1.010 5084 IBRACO 1.090 UNCH 35 1.059 14.97 3.21 541.1 2.824 2.213 2.430 2.420 1597 IGB 2.430 UNCH 6.4 2.426 15.29 4.12 3,316.5 2.420 1.735 2.360 2.300 5249 IOIPG 2.340 0.010 634.2 2.337 9.40 2.56 10,351.3 0.480 0.315 0.360 0.360 5175 IVORY 0.360 0.005 65.9 0.360 8.45 — 160.4 1.340 0.745 0.810 0.795 1589 IWCITY 0.810 UNCH 1071.6 0.801 75.00 — 542.5 0.340 0.185 0.205 0.200 6769 JKGLAND 0.205 0.005 81.6 0.200 8.17 0.98 155.5 0.080 0.040 0.050 0.050 3115 KBUNAI 0.050 UNCH 58 0.050 — — 288.8 1.237 0.850 1.040 1.000 7323 KEN 1.030 0.050 96 1.018 7.92 2.91 197.5 2.081 1.200 1.320 1.310 5038 KSL 1.310 -0.010 355.9 1.313 4.71 5.34 1,324.2 0.548 0.324 0.345 0.340 3174 L&G 0.345 UNCH 592.2 0.345 7.88 5.80 377.1 1.548 1.209 1.400 1.380 8494 LBICAP 1.400 UNCH 115 1.393 6.54 3.57 105.4 1.630 1.179 1.610 1.590 5789 LBS 1.600 UNCH 879 1.592 11.28 2.03 882.7 0.390 0.230 0.260 0.255 3573 LIENHOE 0.260 0.005 65.5 0.256 — — 94.1 1.163 0.825 1.040 1.020 7617 MAGNA 1.040 0.010 37.8 1.029 1.73 28.85 346.2 1.692 1.240 1.450 1.430 8583 MAHSING 1.450 UNCH 670.9 1.441 9.08 4.48 3,493.7 0.992 0.607 0.745 0.730 6181 MALTON 0.745 0.015 156.1 0.735 10.04 4.03 334.1 2.649 1.999 2.580 2.540 5236 MATRIX 2.560 -0.020 249.2 2.562 6.58 5.62 1,443.9 1.380 1.032 1.230 1.230 5182 MCT 1.230 0.010 5 1.230 21.39 1.63 1,641.8 0.640 0.495 0.515 0.510 5040 MEDAINC 0.515 UNCH 418.6 0.515 — — 253.7 0.930 0.555 0.665 0.655 1694 MENANG 0.665 UNCH 13 0.663 5.40 — 177.6 0.440 0.275 0.330 0.315 8141 MJPERAK 0.330 0.005 100 0.315 6.78 — 65.5 2.734 1.842 2.690 2.660 6114 MKH 2.690 UNCH 214.4 2.683 9.53 2.60 1,128.3 0.457 0.286 0.370 0.365 8893 MKLAND 0.365 UNCH 206.3 0.366 10.86 8.22 440.7 0.255 0.145 — — 6548 MPCORP 0.185 — — — — — 53.2 1.482 0.775 1.230 1.200 1651 MRCB 1.230 0.010 831.4 1.214 6.64 2.03 2,197.5 1.500 0.850 — — 9539 MUH 0.885 — — — 5.60 — 49.9 0.390 0.265 0.305 0.300 3913 MUIPROP 0.305 UNCH 50.1 0.305 — — 233.0 3.000 1.950 2.540 2.490 5073 NAIM 2.520 -0.020 5.8 2.510 17.39 1.39 630.0 2.980 1.373 — — 5827 OIB 2.500 — — — 11.72 3.00 362.2 2.029 1.500 1.680 1.660 5053 OSK 1.670 UNCH 175.8 1.670 3.52 2.99 2,342.8 2.051 1.374 1.590 1.570 1724 PARAMON 1.580 -0.020 95 1.579 10.61 4.75 668.2 0.580 0.280 0.315 0.310 6912 PASDEC 0.315 0.005 168.3 0.315 — — 64.9 1.508 1.280 1.440 1.420 1945 PJDEV 1.440 UNCH 8.1 1.425 11.55 5.21 761.5 2.343 1.679 1.780 1.770 5075 PLENITU 1.770 -0.010 15 1.772 4.05 2.54 675.3 0.300 0.195 0.240 0.235 2208 PTGTIN 0.240 UNCH 37.7 0.239 — — 83.1 1.730 0.715 1.200 1.180 4596 SAPRES 1.200 UNCH 41 1.189 56.60 2.08 167.5 1.201 0.625 0.715 0.710 5207 SBCCORP 0.710 -0.005 131 0.710 11.23 2.25 166.7 1.016 0.855 0.925 0.920 2224 SDRED 0.920 -0.005 50.5 0.923 5.39 3.26 392.0 0.765 0.450 — — 4286 SEAL 0.505 — — — — — 111.8 3.308 2.740 3.100 2.940 6017 SHL 3.000 0.080 5.1 2.980 6.95 8.33 726.4 0.205 0.130 — — 4375 SMI 0.140 — — — — — 29.4 1.107 0.735 0.760 0.760 5213 SNTORIA 0.760 UNCH 40 0.760 12.14 2.63 367.9 5.482 4.111 5.210 5.190 1783 SPB 5.200 -0.030 1084.2 5.200 3.44 2.31 1,786.8 3.462 2.800 3.220 3.170 8664 SPSETIA 3.200 UNCH 232.9 3.192 10.47 3.03 8,410.9 1.189 0.810 0.870 0.860 3743 SUNSURIA 0.860 -0.010 146.7 0.864 15.30 — 632.5 3.404 2.836 3.240 3.180 5211 SUNWAY 3.240 UNCH 1116.4 3.227 7.79 3.40 6,428.1 0.845 0.690 0.725 0.720 1538 SYMLIFE 0.720 -0.005 16.6 0.724 21.88 6.94 223.2 0.325 0.225 0.260 0.255 5158 TAGB 0.255 -0.010 76 0.256 31.10 3.92 1,357.0 8.648 6.000 — — 2305 TAHPS 6.600 — — — 20.94 4.85 494.0 0.085 0.045 0.055 0.050 2259 TALAMT 0.055 UNCH 499 0.051 137.50 — 232.1 1.762 1.133 1.430 1.420 5191 TAMBUN 1.430 UNCH 428.6 1.430 5.98 6.78 607.4 0.195 0.095 0.100 0.100 2429 TANCO 0.100 UNCH 25 0.100 — — 33.5 0.760 0.275 0.285 0.285 7889 THRIVEN 0.285 UNCH 1 0.285 98.28 — 107.4 0.103 0.045 0.055 0.050 7079 TIGER 0.050 UNCH 8439.2 0.050 — — 69.5 1.944 1.350 1.540 1.500 5239 TITIJYA 1.510 -0.030 147.9 1.506 6.85 2.98 543.6 1.149 0.774 1.030 1.010 5401 TROP 1.020 UNCH 201 1.017 6.83 6.86 1,476.4 1.372 0.755 1.120 1.100 5148 UEMS 1.110 UNCH 1631.9 1.112 19.58 2.70 5,036.6 2.280 1.680 2.280 2.250 5200 UOADEV 2.260 -0.010 822 2.254 8.03 5.75 3,437.0 1.610 1.113 1.190 1.190 2976 WINGTM 1.190 -0.020 2.9 1.190 9.13 2.52 579.5 1.764 0.756 1.140 1.140 7003 Y&G 1.140 UNCH 3.5 1.140 7.86 7.68 227.3 2.100 1.535 1.950 1.940 3158 YNHPROP 1.940 -0.010 1292 1.943 41.63 — 856.4 0.815 0.595 0.645 0.640 2577 YTLLAND 0.640 UNCH 33.1 0.644 18.39 — 540.4MINING 1.410 1.140 — — 2186 KUCHAI 1.250 — — — — 0.68 154.7PLANTATIONS 1.880 1.000 1.880 1.740 7054 AASIA 1.850 0.080 763.8 1.817 — 1.08 222.0 18.360 16.560 — — 1899 BKAWAN 18.100 — — — 9.75 2.76 7,890.7 9.500 7.612 — — 5069 BLDPLNT 8.650 — — — — 0.23 808.8 1.568 1.053 1.530 1.510 5254 BPLANT 1.520 -0.010 83.9 1.521 30.89 — 2,432.0 0.830 0.685 0.745 0.745 8982 CEPAT 0.745 -0.010 57.1 0.745 23.43 2.68 237.2 9.141 7.500 8.000 8.000 1929 CHINTEK 8.000 UNCH 0.5 8.000 28.28 2.00 730.9 0.595 0.380 0.470 0.465 3948 DUTALND 0.465 -0.005 97.7 0.466 6.58 — 393.4 8.194 6.910 — — 5029 FAREAST 7.960 — — — 15.78 3.77 1,125.5 2.104 1.166 1.510 1.490 5222 FGV 1.500 -0.010 4335.5 1.499 128.21 4.00 5,472.2 11.560 8.494 11.080 11.020 2291 GENP 11.060 UNCH 812.6 11.044 45.00 0.59 8,702.3 1.780 1.037 1.370 1.360 7382 GLBHD 1.360 -0.020 73.7 1.370 — 0.74 303.2 1.450 0.886 — — 2135 GOPENG 1.380 — — — 33.58 2.17 247.5 1.190 0.790 0.910 0.900 7501 HARNLEN 0.910 0.010 80.1 0.900 — 8.79 168.8 2.518 1.881 2.450 2.430 5138 HSPLANT 2.430 UNCH 9.2 2.442 20.15 3.29 1,944.0 3.800 2.990 3.610 3.500 2216 IJMPLNT 3.610 0.060 324.4 3.580 62.56 1.66 3,178.9 0.745 0.605 0.700 0.700 2607 INCKEN 0.700 UNCH 50 0.700 — — 294.5 0.785 0.545 0.750 0.740 6262 INNO 0.740 0.010 3 0.747 14.95 — 353.8 5.040 3.622 4.510 4.440 1961 IOICORP 4.510 0.020 6054.8 4.490 — 1.77 29,142.8 24.780 19.357 24.140 23.900 2445 KLK 24.020 0.060 845.4 24.004 17.62 1.87 25,641.5 3.569 2.891 — — 2453 KLUANG 3.300 — — — — 0.30 208.5 3.600 2.146 3.550 3.530 5027 KMLOONG 3.530 -0.030 36.9 3.541 14.89 3.68 1,100.7 0.645 0.345 0.560 0.545 1996 KRETAM 0.550 -0.005 528.5 0.552 — — 1,031.3 3.950 2.410 3.900 3.890 2003 KULIM 3.890 -0.010 319.6 3.898 45.82 2.44 5,451.0 1.960 1.410 — — 6572 KWANTAS 1.440 — — — — — 448.8 1.860 1.500 — — 4936 MALPAC 1.680 — — — — — 126.0 0.995 0.800 — — 5026 MHC 0.950 — — — 47.03 2.11 186.7 2.850 1.930 — — 5047 NPC 2.330 — — — — 0.43 279.6 5.033 3.900 4.080 4.080 2038 NSOP 4.080 UNCH 1 4.080 47.55 1.47 286.4 0.350 0.200 0.290 0.290 1902 PINEPAC 0.290 0.015 10 0.290 — — 43.4 1.220 0.800 — — 9695 PLS 1.030 — — — — — 336.5 0.675 0.465 0.580 0.570 5113 RSAWIT 0.580 -0.005 227.8 0.577 — — 822.7 4.080 3.442 — — 2542 RVIEW 3.750 — — — 38.82 1.60 243.2 3.300 2.653 — — 2569 SBAGAN 3.090 — — — — 0.65 205.0 0.825 0.450 0.600 0.450 4316 SHCHAN 0.550 -0.050 11.4 0.554 — — 63.3 5.030 3.610 4.690 4.660 5126 SOP 4.660 -0.030 57.3 4.674 24.22 1.07 2,057.5 2.189 1.654 2.020 2.000 5135 SWKPLNT 2.000 0.020 8 2.013 26.25 3.75 560.0 0.810 0.510 0.760 0.750 2054 TDM 0.755 -0.010 353.6 0.755 15.07 1.99 1,118.7 1.610 1.090 1.260 1.240 5112 THPLANT 1.260 UNCH 96.4 1.252 17.95 1.59 1,113.7 1.680 1.150 1.410 1.380 5251 TMAKMUR 1.390 -0.030 488.6 1.386 10.38 10.79 553.4 2.350 1.730 2.140 2.110 9059 TSH 2.110 -0.020 62.4 2.120 — 1.18 2,838.8 6.312 5.280 6.080 6.030 2593 UMCCA 6.030 -0.060 2 6.055 25.52 2.65 1,261.6 27.680 24.412 — — 2089 UTDPLT 26.900 — — — 18.29 1.49 5,598.8HOTELS 0.808 0.515 — — 5592 GCE 0.550 — — — — 3.64 108.4 1.460 0.840 0.955 0.945 1643 LANDMRK 0.955 0.010 21 0.950 — — 459.2 0.345 0.205 0.345 0.320 1287 PMHLDG 0.335 0.010 1463.2 0.331 3350 — 311.2 6.966 5.300 5.680 5.590 5517 SHANG 5.590 -0.100 179.7 5.604 18.97 2.50 2,459.6TECHNOLOGY 0.950 0.670 0.750 0.700 7031 AMTEL 0.700 0.020 0.3 0.717 41.92 — 34.5 0.475 0.195 0.265 0.260 5195 CENSOF 0.260 -0.005 348.8 0.261 10.97 — 130.4 0.245 0.100 0.100 0.100 0051 CUSCAPI 0.100 UNCH 30 0.100 — — 43.6 0.430 0.235 0.305 0.305 7204 D&O 0.305 UNCH 145.3 0.305 29.33 — 301.2 0.255 0.130 0.160 0.150 8338 DATAPRP 0.150 UNCH 1161.3 0.151 — — 57.5 0.235 0.155 0.175 0.175 0029 DIGISTA 0.175 UNCH 611 0.175 — — 89.1 0.325 0.180 0.245 0.235 4456 DNEX 0.235 -0.010 1536.2 0.237 16.32 — 182.2 1.780 1.160 1.730 1.700 5162 ECS 1.730 0.020 235.3 1.717 9.66 3.47 311.4 1.060 0.517 1.050 1.000 0065 EFORCE 1.030 0.010 1650.2 1.024 28.22 2.91 213.0 2.056 1.149 1.860 1.760 0090 ELSOFT 1.850 -0.030 5.5 1.807 12.81 4.32 335.1 1.280 0.710 0.960 0.940 0021 GHLSYS 0.950 -0.010 901.3 0.951 59.38 — 618.0 0.310 0.185 0.255 0.250 0082 GPACKET 0.255 UNCH 1144.8 0.255 — — 176.1 0.319 0.240 0.260 0.245 0056 GRANFLO 0.245 -0.005 112 0.252 9.68 4.08 118.4 6.795 5.055 5.400 5.370 7022 GTRONIC 5.380 -0.020 776 5.381 21.22 1.67 1,516.4 0.743 0.550 0.610 0.590 5028 HTPADU 0.610 0.030 0.3 0.597 67.03 3.28 61.7 3.924 2.181 3.220 3.180 0166 INARI 3.180 -0.020 694.5 3.199 17.36 2.44 3,040.3 0.240 0.100 — — 9393 ITRONIC 0.125 — — — — — 12.8 0.872 0.555 0.740 0.720 5161 JCY 0.735 -0.005 1546.8 0.730 7.47 9.18 1,525.9 5.950 2.646 4.150 4.130 9334 KESM 4.130 -0.010 12.1 4.133 6.51 0.73 177.6 0.250 0.060 0.210 0.205 0143 KEYASIC 0.205 0.005 9522.8 0.207 — — 170.9 10.700 5.564 7.390 7.250 3867 MPI 7.390 UNCH 2.7 7.286 9.72 2.84 1,551.0 1.400 0.890 — — 5011 MSNIAGA 0.930 — — — — — 56.2 0.495 0.360 0.390 0.390 0083 NOTION 0.390 0.005 217 0.390 — — 105.5

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)

0.765 0.410 0.460 0.445 9008 OMESTI 0.460 0.005 70 0.456 — — 179.2 0.360 0.280 0.290 0.280 0041 PANPAGE 0.290 0.005 100.9 0.285 16.11 — 70.0 0.915 0.560 0.640 0.620 7160 PENTA 0.625 -0.020 698.4 0.629 6.98 — 89.1 0.480 0.235 0.465 0.455 9075 THETA 0.460 -0.010 83.4 0.458 20.44 — 49.3 0.105 0.035 0.040 0.035 0118 TRIVE 0.040 0.005 1100.2 0.035 — — 48.3 2.566 1.526 2.320 2.260 5005 UNISEM 2.310 0.010 453.4 2.292 10.59 4.33 1,695.1 3.782 2.684 3.550 3.500 0097 VITROX 3.550 UNCH 9 3.511 18.65 0.56 829.6 0.960 0.640 0.720 0.715 0008 WILLOW 0.720 UNCH 91.4 0.717 9.69 2.78 178.6INFRASTRUCTURE PROJECT COMPANIES 6.189 4.712 4.810 4.760 6947 DIGI 4.770 -0.020 7337.5 4.787 21.53 4.61 37,086.8 5.260 3.529 5.220 5.150 6645 LITRAK 5.200 0.050 37.3 5.197 17.72 4.81 2,718.0 1.950 1.010 1.390 1.360 6807 PUNCAK 1.380 0.010 677.6 1.372 — — 620.0 0.575 0.335 0.385 0.385 5078 SILKHLD 0.385 -0.005 84.9 0.385 — — 270.1 7.924 5.245 7.330 7.300 5031 TIMECOM 7.300 UNCH 4.4 7.307 8.98 0.92 4,201.9 1.600 1.400 1.490 1.480 6742 YTLPOWR 1.490 UNCH 726.9 1.487 11.75 6.71 12,071.3CLOSED-END FUNDS 2.380 2.100 2.280 2.270 5108 ICAP 2.280 0.010 31 2.271 — — 319.2EXCHANGE TRADED FUNDS 1.088 1.035 — — 0800EA ABFMY1 1.083 — — — — 5.24 1,370.5 1.890 1.550 1.650 1.650 0822EA CIMBA40 1.650 0.025 25 1.650 — 3.79 2.2 1.575 1.015 — — 0823EA CIMBC50 1.105 — — — — — 13.6 1.890 1.580 — — 0820EA FBMKLCI-EA 1.765 — — — — 1.42 3.0 1.010 0.900 — — 0826EA METFAPA 0.937 — — — — — 17.8 1.015 0.850 0.870 0.870 0825EA METFSID 0.870 -0.005 5 0.870 — 2.47 17.4 1.175 0.990 — — 0821EA MYETFDJ 1.110 — — — — 2.14 279.2 1.075 0.940 — — 0824EA MYETFID 1.035 — — — — 3.04 22.4REITS 1.104 0.875 1.030 1.030 4952 AHP 1.030 UNCH 3 1.030 8.37 6.80 103.0 1.570 1.243 1.540 1.520 5116 ALAQAR 1.520 UNCH 10 1.520 15.82 5.07 1,106.9 1.112 0.881 0.990 0.975 5269 ALSREIT 0.975 -0.005 54 0.976 38.24 1.23 565.5 0.899 0.705 0.750 0.750 5120 AMFIRST 0.750 UNCH 2 0.750 17.73 5.96 514.8 0.890 0.746 0.885 0.880 5127 ARREIT 0.885 UNCH 38.1 0.882 8.50 7.08 507.3 1.116 0.974 1.080 1.070 5130 ATRIUM 1.070 -0.010 319.6 1.080 8.45 7.71 130.3 1.756 1.490 1.600 1.590 5106 AXREIT 1.600 -0.010 27.5 1.599 18.20 5.25 1,759.7 1.500 1.206 1.480 1.460 5180 CMMT 1.470 -0.010 163.3 1.471 12.18 5.85 2,976.5 1.520 1.348 1.520 1.510 5121 HEKTAR 1.510 -0.010 27.1 1.519 126.89 6.95 605.0 1.560 1.199 1.560 1.540 5227 IGBREIT 1.550 UNCH 2234 1.546 21.12 5.21 5,390.4 7.500 6.800 7.160 7.060 5235SS KLCC 7.120 0.010 80 7.103 11.36 4.87 12,854.0 1.160 0.954 1.150 1.140 5123 MQREIT 1.150 UNCH 80 1.141 10.94 3.62 760.6 1.820 1.346 1.740 1.670 5212 PAVREIT 1.740 0.050 643 1.704 18.59 4.73 5,254.5 1.650 1.401 1.650 1.620 5176 SUNREIT 1.650 UNCH 134.9 1.633 8.79 5.38 4,855.4 1.220 1.045 1.200 1.200 5111 TWRREIT 1.200 UNCH 0.3 1.200 13.04 5.78 336.6 1.640 1.397 1.620 1.620 5110 UOAREIT 1.620 UNCH 9.2 1.620 6.21 6.80 685.1 1.080 0.946 1.080 1.070 5109 YTLREIT 1.080 0.010 335 1.080 85.04 7.08 1,430.3SPAC 0.705 0.650 0.695 0.690 5234 CLIQ 0.695 0.005 3822.6 0.695 — — 438.5 0.690 0.595 0.690 0.685 5256 REACH 0.690 UNCH 504.1 0.690 — — 881.7 0.475 0.415 0.455 0.450 5241 SONA 0.450 UNCH 959.1 0.455 — — 634.8

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 0.480 0.225 0.385 0.375 0179 BIOHLDG 0.380 Unch 4708.7 0.380 24.36 — 190.0 0.345 0.095 0.220 0.195 0170 KANGER 0.220 0.015 11987.2 0.211 13.17 — 135.0 0.429 0.240 0.290 0.280 0148 SUNZEN 0.280 -0.005 611.2 0.283 — 1.64 134.1 0.090 0.050 0.055 0.055 0095 XINGHE 0.055 Unch 663.5 0.055 1.62 1.82 129.2INDUSTRIAL PRODUCTS 0.345 0.175 0.235 0.230 0105 ASIAPLY 0.230 -0.005 1058 0.234 9.62 1.35 60.7 0.150 0.060 0.065 0.060 0072 AT 0.065 0.005 7411.3 0.065 — — 28.1 0.610 0.440 0.450 0.445 0163 CAREPLS 0.450 Unch 129.5 0.446 27.11 0.38 171.4 0.320 0.110 0.150 0.140 0102 CONNECT 0.145 Unch 680 0.145 11.60 — 31.4 0.605 0.260 0.530 0.520 0100 ESCERAM 0.530 0.005 289.7 0.523 15.92 — 108.9 0.065 0.040 — — 0109 FLONIC 0.040 — — — — — 32.0 0.880 0.355 0.415 0.405 0175 HHGROUP 0.410 Unch 994 0.411 14.39 0.80 126.6 0.140 0.070 0.115 0.100 0160 HHHCORP 0.110 0.010 44938.8 0.109 — — 36.7 0.395 0.110 0.160 0.155 0162 IJACOBS 0.155 -0.005 110 0.157 — — 21.0 0.165 0.085 0.110 0.105 0024 JAG 0.110 Unch 8886 0.110 — 4.55 125.8 0.245 0.120 0.145 0.140 0025 LNGRES 0.140 -0.010 40 0.143 — — 33.9 0.170 0.065 0.075 0.070 0070 MQTECH 0.075 Unch 246 0.073 — — 20.9 0.500 0.293 0.385 0.380 0049 OCNCASH 0.380 Unch 393.6 0.381 9.50 1.84 84.7 0.180 0.105 0.155 0.155 0038 PTB 0.155 -0.005 602.9 0.155 15.05 — 23.3 0.105 0.045 0.050 0.045 0133 SANICHI 0.045 -0.005 838 0.045 16.07 — 51.5 0.160 0.085 0.120 0.120 0001 SCOMNET 0.120 0.005 50 0.120 9.84 — 29.2 0.230 0.120 — — 0028 SCOPE 0.145 — — — — — 80.5 0.415 0.125 0.130 0.130 0055 SERSOL 0.130 Unch 270 0.130 — — 28.0 0.270 0.165 0.185 0.180 0084 TECFAST 0.185 Unch 55 0.185 12.25 — 31.7TECHNOLOGY 0.615 0.320 0.365 0.340 0181 AEMULUS 0.350 -0.005 1800.6 0.352 13.67 — 153.6 0.270 0.105 — — 0119 APPASIA 0.105 — — — — — 29.5 1.600 0.300 0.320 0.320 0068 ASDION 0.320 Unch 30 0.320 — — 37.2 0.015 0.005 — — 0039 ASIAEP 0.010 — — — — — 8.1 1.310 0.805 0.835 0.825 0098 BAHVEST 0.835 0.005 120.8 0.830 231.94 — 360.8 0.095 0.005 — — 0022 CYBERT 0.005 — — — — — 0.5 0.150 0.050 0.055 0.050 0152 DGB 0.055 Unch 2091.1 0.055 — — 26.9 0.120 0.050 0.060 0.055 0131 DGSB 0.055 Unch 385 0.055 78.57 — 74.6 0.150 0.060 0.115 0.090 0154 EAH 0.110 0.020 27596.9 0.105 — — 164.0 0.430 0.190 0.280 0.275 0107 EDUSPEC 0.280 Unch 52 0.280 24.78 — 237.1 0.095 0.045 0.075 0.070 0116 FOCUS 0.070 -0.005 200.5 0.071 — — 50.1 0.315 0.125 0.140 0.135 0104 GENETEC 0.135 Unch 577.7 0.135 6.31 — 47.5 0.065 0.035 — — 0045 GNB 0.040 — — — 14.81 — 11.6 0.160 0.080 — — 0074 GOCEAN 0.085 — — — — — 22.4 0.155 0.065 0.070 0.070 0174 IDMENSN 0.070 Unch 71 0.070 — — 34.6 1.854 0.460 0.735 0.720 0023 IFCAMSC 0.730 0.005 8497.3 0.726 18.39 1.37 444.1 0.150 0.045 0.050 0.045 0094 INIX 0.045 -0.005 281 0.045 16.07 — 18.8 0.330 0.160 0.160 0.160 0010 IRIS 0.160 Unch 2120 0.160 — — 330.6 0.854 0.523 — — 0146 JFTECH 0.600 — — — 27.52 1.67 75.6 0.565 0.150 0.480 0.470 0127 JHM 0.475 0.010 533.9 0.473 9.05 — 58.4 0.670 0.180 0.255 0.255 0111 K1 0.255 Unch 1576.5 0.255 10.20 1.96 120.5 0.080 0.040 0.060 0.060 0036 KGROUP 0.060 Unch 67.5 0.060 — — 38.3 0.415 0.100 0.225 0.215 0176 KRONO 0.220 0.005 2386.6 0.219 17.05 — 52.1 0.215 0.105 0.165 0.160 0017 M3TECH 0.165 0.005 71.1 0.160 — — 32.6 0.120 0.050 0.070 0.060 0075 MEXTER 0.070 0.005 745 0.065 — — 13.8 0.970 0.460 — — 0155 MGRC 0.625 — — — 18.55 — 58.8 1.950 0.510 1.100 1.040 0126 MICROLN 1.050 -0.020 1125.1 1.077 14.91 — 159.8 0.588 0.281 0.540 0.530 0112 MIKROMB 0.530 -0.010 113 0.530 16.67 2.08 162.0 0.115 0.060 0.075 0.075 0085 MLAB 0.075 -0.005 2.1 0.075 — — 14.0 0.090 0.055 0.060 0.060 0034 MMAG 0.060 Unch 106 0.060 — — 57.2 0.859 0.451 0.535 0.510 0113 MMSV 0.530 0.025 1901.3 0.525 10.69 3.77 86.4 0.380 0.175 — — 0103 MNC 0.225 — — — — — 21.3 0.365 0.180 0.245 0.230 0156 MPAY 0.245 0.015 2709.5 0.241 — — 174.1 0.215 0.075 0.130 0.120 0092 MTOUCHE 0.125 -0.005 2016 0.123 — — 28.9 1.058 0.599 0.870 0.850 0108 N2N 0.870 Unch 20 0.860 41.04 2.30 409.8 0.090 0.025 0.045 0.040 0020 NETX 0.040 Unch 961.5 0.043 — — 25.0 0.135 0.050 0.060 0.055 0096 NEXGRAM 0.060 Unch 4027.6 0.060 3.90 — 113.0 0.250 0.085 0.100 0.095 0026 NOVAMSC 0.095 -0.005 73.9 0.099 135.71 — 52.3 0.250 0.100 0.205 0.205 0018 OMEDIA 0.205 0.005 3 0.205 — — 131.3 1.287 0.536 0.645 0.630 0035 OPCOM 0.645 0.005 127.2 0.634 11.83 3.10 104.0 0.333 0.270 0.285 0.280 0040 OPENSYS 0.285 Unch 651.2 0.280 10.92 3.09 84.9 0.730 0.165 0.645 0.595 0079 ORION 0.605 -0.025 5784.8 0.620 — — 73.2 0.075 0.030 0.065 0.060 0005 PALETTE 0.065 Unch 1440.5 0.062 8.78 — 20.8 0.430 0.150 0.200 0.195 0123 PRIVA 0.195 Unch 291.1 0.195 36.79 1.28 108.8 0.180 0.070 0.075 0.070 0007 PUC 0.075 Unch 1771.2 0.075 14.15 — 80.9 0.728 0.313 0.525 0.515 0106 REXIT 0.515 -0.010 79.1 0.519 13.14 3.88 97.5 0.165 0.030 0.035 0.035 0135 SCN 0.035 Unch 1 0.035 — — 7.0 0.644 0.307 0.430 0.415 0178 SEDANIA 0.425 Unch 1244 0.419 34.55 — 85.0 0.160 0.065 0.070 0.070 0060 SKH 0.070 Unch 736.5 0.070 — — 38.8 0.525 0.170 0.210 0.205 0117 SMRT 0.205 -0.005 613.4 0.209 — — 58.5 0.175 0.065 0.075 0.075 0169 SMTRACK 0.075 Unch 383.6 0.075 — — 24.0 0.450 0.267 0.345 0.340 0093 SOLUTN 0.340 Unch 205.2 0.341 12.36 2.94 67.9 0.200 0.080 — — 0129 SRIDGE 0.105 — — — — — 12.7 0.397 0.151 0.175 0.170 0050 SYSTECH 0.170 Unch 94.7 0.172 41.46 3.53 53.9 0.160 0.100 0.110 0.110 0132 TDEX 0.110 Unch 185 0.110 — — 41.3 0.425 0.140 0.190 0.190 0120 VIS 0.190 Unch 245.7 0.190 — — 21.0 0.340 0.075 0.315 0.300 0069 VIVOCOM 0.310 0.015 109105.4 0.307 73.81 — 767.3 0.460 0.065 0.095 0.090 0066 VSOLAR 0.095 Unch 1290.4 0.092 — — 28.8 0.390 0.025 0.030 0.030 0141 WINTONI 0.030 Unch 909 0.030 — — 15.4 0.355 0.110 — — 0086 YGL 0.130 — — — — — 25.2 0.560 0.451 0.530 0.530 0009 YTLE 0.530 0.005 40 0.530 20.54 7.55 715.5TRADING SERVICES 0.280 0.150 — — 0122 AIM 0.205 — — — 82.00 — 54.5 0.180 0.095 — — 0048 ANCOMLB 0.100 — — — — — 47.3 0.105 0.045 0.045 0.045 0150 ASIABIO 0.045 Unch 872 0.045 — — 39.0 0.320 0.196 0.245 0.245 0011 BTECH 0.245 0.010 1 0.245 13.17 2.57 61.7 0.320 0.200 — — 0157 FOCUSP 0.200 — — — 25.00 5.00 33.0 0.600 0.350 0.475 0.475 0081 IDEAL 0.475 0.015 30 0.475 19.23 — 89.1 0.760 0.300 0.635 0.635 0147 INNITY 0.635 Unch 10 0.635 29.95 — 87.9 0.475 0.260 0.385 0.375 0180 KTC 0.380 -0.005 938.1 0.379 23.03 — 194.3 0.250 0.155 0.165 0.165 0167 MCLEAN 0.165 0.005 30 0.165 6.57 — 29.5 0.240 0.140 0.175 0.170 0153 OVERSEA 0.175 0.005 20.1 0.170 — 1.71 42.9 0.245 0.120 0.180 0.175 0177 PASUKGB 0.180 0.005 210 0.178 69.23 — 53.1 0.400 0.280 — — 0006 PINEAPP 0.300 — — — — — 14.6 0.303 0.168 0.265 0.260 0171 PLABS 0.260 0.005 257.4 0.260 13.98 2.69 53.8 0.045 0.005 — — 0110 RA 0.005 — — — — — 4.8 0.290 0.130 0.240 0.240 0080 RAYA 0.240 Unch 110 0.240 — — 34.4 0.835 0.500 0.550 0.550 0032 REDTONE 0.550 Unch 107 0.550 — 0.36 416.5 0.970 0.480 — — 0173 REV 0.520 — — — 31.90 — 70.0 2.670 1.700 1.810 1.810 0158 SCC 1.810 0.010 1 1.810 12.14 2.76 77.4 0.303 0.195 — — 0161 SCH 0.215 — — — 27.56 6.98 88.6 0.480 0.325 — — 0137 STEMLFE 0.475 — — — — 6.32 117.6 0.055 0.030 0.035 0.035 0140 STERPRO 0.035 Unch 210 0.035 — — 34.6 1.490 0.450 — — 0089 TEXCYCL 1.050 — — — 23.49 0.48 179.3 0.235 0.100 — — 0145 TFP 0.145 — — — 55.77 — 29.7 0.705 0.110 0.135 0.125 0165 XOX 0.130 Unch 8538.5 0.130 11.30 — 72.3FINANCE 0.570 0.390 0.465 0.465 0053 OSKVI 0.465 Unch 2.9 0.465 — 4.30 91.9

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

MONDAY APRIL 11 , 2016 • THEEDGE FINANCIAL DAILY 2 4

Bursa Malaysia Equity Derivatives

0.190 0.035 0.155 0.145 5238WA AAX-WA 0.150 Unch 9959.7 0.295 0.460 106.78 08/06/2020 0.095 0.005 0.035 0.025 6599CE AEON-CE 0.035 Unch 879.1 2.870 3.150 13.41 30/06/2016 0.150 0.080 0.130 0.130 5185CT AFFIN-CT 0.130 Unch 138 2.340 2.400 8.12 30/09/2016 0.130 0.060 0.110 0.100 7315WB AHB-WB 0.110 0.005 143.8 0.200 0.200 55.00 28/08/2019 0.170 0.015 0.135 0.125 509922 AIRASIAC22 0.130 0.010 1956.5 1.890 1.650 1.06 29/04/2016 0.620 0.090 0.570 0.560 509924 AIRASIAC24 0.565 0.015 370.9 1.890 1.050 0.40 31/05/2016 0.735 0.320 0.695 0.670 509926 AIRASIAC26 0.675 0.015 184.3 1.890 0.900 1.19 18/07/2016 0.260 0.085 0.230 0.230 509927 AIRASIAC27 0.230 Unch 30 1.890 1.280 4.23 28/10/2016 0.080 0.040 0.060 0.055 509929 AIRASIAC29 0.060 0.005 337 1.890 2.000 13.76 31/05/2016 0.175 0.060 0.155 0.150 509931 AIRASIAC31 0.150 Unch 4163.1 1.890 1.500 5.56 15/08/2016 0.265 0.125 0.240 0.240 509932 AIRASIAC32 0.240 0.005 30 1.890 1.500 11.11 30/09/2016 0.110 0.010 0.095 0.090 5014CO AIRPORT-CO 0.090 0.025 106 6.430 6.800 11.35 30/06/2016 0.040 0.010 0.010 0.010 0159WA AMEDIA-WA 0.010 Unch 1.4 0.085 1.100 1,206.0 02/01/2018 0.105 0.005 0.065 0.065 9342WA ANZO-WA 0.065 Unch 249.4 0.265 0.250 18.87 19/11/2019 0.095 0.015 0.020 0.015 5194WA APFT-WA 0.020 Unch 225 0.050 0.400 740.00 13/07/2018 0.180 0.055 0.060 0.060 0119WA APPASIA-WA 0.060 -0.005 75 0.105 0.130 80.95 23/12/2024 0.100 0.015 0.020 0.015 521011 ARMADA-C11 0.020 Unch 9500.1 0.740 1.000 40.54 07/10/2016 0.070 0.015 — — 521012 ARMADA-C12 0.015 — — 0.740 1.150 59.46 29/07/2016 0.125 0.060 — — 521013 ARMADA-C13 0.060 — — 0.740 1.000 51.35 30/09/2016 0.050 0.035 0.040 0.035 521014 ARMADA-C14 0.035 -0.015 50 0.740 0.950 37.84 30/09/2016 0.130 0.015 0.020 0.015 5210C6 ARMADA-C6 0.015 Unch 2068.6 0.740 1.000 39.19 30/08/2016 0.155 0.040 0.040 0.040 5210C8 ARMADA-C8 0.040 Unch 225 0.740 0.880 32.43 28/11/2016 0.135 0.030 0.030 0.030 5210C9 ARMADA-C9 0.030 -0.005 20 0.740 0.980 42.57 28/11/2016 0.950 0.140 0.150 0.140 0068WB ASDION-WB 0.150 Unch 29 0.320 0.500 103.13 24/03/2019 0.050 0.015 0.020 0.020 0150WA ASIABIO-WA 0.020 Unch 312.3 0.045 0.100 166.67 19/04/2024 0.160 0.095 0.135 0.125 0105WA ASIAPLY-WA 0.125 -0.005 1882 0.230 0.100 -2.17 13/12/2020 0.055 0.005 — — 7070WA ASUPREM-WA 0.005 — — 0.115 0.200 78.26 08/08/2016 0.065 0.025 — — 7070WB ASUPREM-WB 0.025 — — 0.115 0.200 95.65 20/06/2018 0.185 0.100 — — 7099WB ATTA-WB 0.105 — — 0.555 1.000 99.10 09/05/2022 0.860 0.130 — — 7099WC ATTA-WC 0.660 — — 0.555 1.000 199.10 18/11/2024 0.080 0.030 0.035 0.030 0072WA AT-WA 0.035 0.005 1140 0.065 0.120 138.46 29/01/2019 0.170 0.015 — — 6888C4 AXIATA-C4 0.020 — — 5.860 6.400 10.24 29/07/2016 0.125 0.060 — — 6888C5 AXIATA-C5 0.110 — — 5.860 6.500 18.43 28/10/2016 0.130 0.120 — — 6888C7 AXIATA-C7 0.130 — — 5.860 6.200 15.34 30/09/2016 0.375 0.150 0.375 0.350 7078WA AZRB-WA 0.360 0.005 1928 0.755 0.700 40.40 13/05/2024 0.150 0.030 0.040 0.035 4162CE BAT-CE 0.040 Unch 1224.3 55.120 57.000 7.04 29/07/2016 0.210 0.080 0.150 0.145 7241WA BHS-WA 0.150 0.005 159.1 0.485 0.600 54.64 18/10/2020 0.485 0.225 0.370 0.360 5258WA BIMB-WA 0.365 -0.005 408.6 3.900 4.720 30.38 04/12/2023 0.310 0.090 0.140 0.135 6998WA BINTAI-WA 0.140 Unch 51 0.275 0.200 23.64 15/06/2020 0.280 0.115 0.170 0.170 3239WA BJASSET-WA 0.170 Unch 10 0.800 1.000 46.25 16/03/2018 0.105 0.050 0.070 0.070 3395CZ BJCORP-CZ 0.070 Unch 355.2 0.385 0.370 14.29 31/10/2016 0.173 0.060 0.080 0.080 7036WB BORNOIL-WB 0.080 Unch 90 0.150 0.100 20.00 28/02/2018 0.105 0.065 0.095 0.090 7036WC BORNOIL-WC 0.090 -0.005 21417.4 0.150 0.100 26.67 08/11/2025 0.330 0.060 0.105 0.105 7188WB BTM-WB 0.105 0.005 25 0.225 0.200 35.56 23/10/2024 0.145 0.025 0.055 0.055 1818C8 BURSA-C8 0.055 -0.020 36.4 8.730 8.400 0.00 29/04/2016 1.330 0.410 1.040 1.020 7174WA CAB-WA 1.020 -0.030 337 1.620 0.550 -3.09 08/02/2020 0.285 0.120 0.125 0.125 0163WA CAREPLS-WA 0.125 Unch 82.5 0.450 0.320 -1.11 09/08/2016 0.205 0.175 0.185 0.185 7076CC CBIP-CC 0.185 -0.005 50 2.270 2.150 11.01 11/11/2016 0.505 0.255 0.490 0.475 7076WA CBIP-WA 0.490 0.010 59.9 2.270 2.400 27.31 06/11/2019 0.265 0.085 0.095 0.090 5195WB CENSOF-WB 0.095 Unch 250.1 0.260 0.460 113.46 07/10/2019 0.140 0.070 0.115 0.115 102310 CIMB-C10 0.115 -0.010 90 4.820 4.800 11.51 10/08/2016 0.190 0.025 0.025 0.025 2852CM CMSB-CM 0.025 Unch 1230 4.750 5.200 13.16 08/06/2016 0.120 0.020 0.025 0.025 2852CN CMSB-CN 0.025 Unch 10 4.750 5.000 9.47 08/06/2016 0.745 0.010 0.010 0.010 5071WA COASTAL-WA 0.010 -0.005 379.2 1.670 3.180 91.02 18/07/2016 0.200 0.050 — — 0102WA CONNECT-WA 0.090 — — 0.145 0.100 31.03 17/09/2021 0.045 0.010 — — 5214WA CSL-WA 0.015 — — 0.110 1.150 959.09 18/09/2017 0.135 0.030 — — 0051WA CUSCAPI-WA 0.035 — — 0.100 0.270 205.00 24/04/2018 0.120 0.030 0.045 0.045 5141CT DAYANG-CT 0.045 -0.010 100 1.270 1.580 38.58 28/11/2016 0.055 0.030 — — 5141CV DAYANG-CV 0.030 — — 1.270 1.780 48.43 28/11/2016 0.155 0.045 0.075 0.075 5141CW DAYANG-CW 0.075 -0.010 20 1.270 1.500 32.87 07/10/2016 0.265 0.125 0.180 0.170 7212WA DESTINI-WA 0.170 -0.015 539.8 0.600 0.400 -5.00 03/10/2016 0.040 0.010 0.015 0.015 0152WA DGB-WA 0.015 Unch 692.3 0.055 0.110 127.27 22/04/2018 0.115 0.065 — — 7277C5 DIALOG-C5 0.065 — — 1.600 1.500 3.91 29/07/2016 0.095 0.080 — — 7277C6 DIALOG-C6 0.080 — — 1.600 1.480 12.50 28/11/2016 0.475 0.255 0.385 0.380 7277WA DIALOG-WA 0.385 Unch 89 1.600 1.190 -1.56 10/02/2017 0.150 0.075 — — 694710 DIGI-C10 0.075 — — 4.770 5.700 25.79 28/10/2016 0.135 0.005 0.005 0.005 6947C6 DIGI-C6 0.005 Unch 10 4.770 5.400 13.63 15/04/2016 0.125 0.035 — — 6947C7 DIGI-C7 0.035 — — 4.770 5.000 10.69 18/07/2016 0.140 0.020 0.020 0.020 6947C8 DIGI-C8 0.020 -0.060 8 4.770 5.750 22.01 31/05/2016 0.225 0.055 0.060 0.055 6947C9 DIGI-C9 0.060 Unch 457.5 4.770 5.100 10.06 30/09/2016 0.110 0.040 0.045 0.045 0029WA DIGISTA-WA 0.045 Unch 126.4 0.175 0.130 0.00 07/02/2017 0.100 0.045 — — 0029WB DIGISTA-WB 0.050 — — 0.175 0.260 77.14 04/04/2023 0.085 0.065 0.085 0.080 7114WA DNONCE-WA 0.080 -0.005 1061.8 0.200 0.250 65.00 25/11/2020 0.120 0.075 — — 5835WC DOLMITE-WC 0.120 — — 0.350 0.500 77.14 08/08/2017 0.255 0.175 0.215 0.210 5265WA DOLPHIN-WA 0.210 -0.010 1015.7 0.720 0.800 40.28 29/03/2021 0.420 0.215 0.260 0.250 7169WA DOMINAN-WA 0.260 0.010 17.1 1.170 1.300 33.33 10/09/2020 0.065 0.015 0.040 0.040 7198WA DPS-WA 0.040 0.005 69.9 0.110 0.540 427.27 03/01/2018 0.105 0.030 0.060 0.055 7198WB DPS-WB 0.060 Unch 171.1 0.110 0.100 45.45 15/01/2025 0.070 0.005 0.010 0.010 161914 DRBHCOMC14 0.010 Unch 355.1 1.090 1.600 48.62 29/04/2016 0.110 0.005 0.035 0.030 161916 DRBHCOMC16 0.030 -0.005 1244.7 1.090 1.400 33.94 30/08/2016 0.080 0.005 — — 161917 DRBHCOMC17 0.005 — — 1.090 1.450 33.72 29/04/2016 0.050 0.020 0.020 0.020 161918 DRBHCOMC18 0.020 Unch 9913.3 1.090 1.300 23.85 29/07/2016 0.205 0.070 0.165 0.150 161919 DRBHCOMC19 0.165 Unch 1100.1 1.090 1.000 6.88 30/11/2016 0.115 0.055 0.075 0.070 161920 DRBHCOMC20 0.075 0.005 1048.5 1.090 1.100 18.12 30/11/2016 0.210 0.120 0.150 0.140 161921 DRBHCOMC21 0.150 0.005 3889.9 1.090 0.950 7.80 15/12/2016 0.250 0.055 0.100 0.095 5216CD DSONIC-CD 0.095 0.005 1168 1.400 1.180 1.25 28/04/2016 0.115 0.030 — — 5216CG DSONIC-CG 0.050 — — 1.400 1.580 27.14 28/10/2016 0.105 0.005 0.010 0.005 5216CH DSONIC-CH 0.005 -0.010 572 1.400 1.700 22.96 29/04/2016 0.155 0.040 — — 5216CI DSONIC-CI 0.065 — — 1.400 1.380 14.82 30/08/2016 0.135 0.130 — — 5216CJ DSONIC-CJ 0.135 — — 1.400 1.480 39.46 30/08/2016 0.140 0.040 — — 5216CK DSONIC-CK 0.055 — — 1.400 1.630 28.21 30/08/2016 0.110 0.050 0.080 0.075 5216CL DSONIC-CL 0.075 -0.005 200 1.400 1.420 22.86 29/07/2016 0.130 0.115 — — 5216CM DSONIC-CM 0.115 — — 1.400 1.500 27.68 28/10/2016 0.145 0.105 0.120 0.120 5216CN DSONIC-CN 0.120 Unch 50 1.400 1.450 25.00 23/11/2016 0.175 0.120 — — 3417C2 E&O-C2 0.140 — — 1.640 1.550 11.59 28/07/2016 0.100 0.100 — — 3417C3 E&O-C3 0.100 — — 1.640 1.680 14.63 28/07/2016 0.155 0.110 0.110 0.110 3417C4 E&O-C4 0.110 -0.005 230 1.640 1.500 11.59 23/11/2016 0.095 0.025 0.025 0.025 3417CZ E&O-CZ 0.025 Unch 80 1.640 1.814 15.08 08/06/2016 0.430 0.110 0.200 0.190 3417WB E&O-WB 0.200 0.010 4 1.640 2.600 70.73 21/07/2019 0.090 0.020 0.065 0.045 0154WB EAH-WB 0.065 0.020 4675.1 0.110 0.120 68.18 24/02/2019 0.090 0.025 0.065 0.045 0154WC EAH-WC 0.060 0.015 7225 0.110 0.100 45.45 18/06/2019 0.200 0.080 0.150 0.125 3557WC ECOFIRS-WC 0.150 Unch 2 0.240 0.300 87.50 10/09/2019 0.120 0.010 0.030 0.025 8206CB ECOWLD-CB 0.030 Unch 45 1.440 1.680 21.88 30/06/2016 0.200 0.090 0.125 0.120 8206CC ECOWLD-CC 0.120 Unch 390 1.440 1.300 6.94 28/07/2016 0.145 0.075 — — 8206CD ECOWLD-CD 0.100 — — 1.440 1.400 11.11 28/07/2016 0.115 0.065 — — 8206CE ECOWLD-CE 0.075 — — 1.440 1.520 15.97 28/07/2016 0.725 0.340 0.430 0.415 8206WA ECOWLD-WA 0.415 -0.005 90.8 1.440 2.080 73.26 26/03/2022 0.160 0.095 0.160 0.135 1368CG EDGENTA-CG 0.135 -0.005 737.8 3.550 3.230 6.20 31/10/2016 0.540 0.170 0.535 0.515 0065WA EFORCE-WA 0.530 0.010 940.6 1.030 0.680 17.48 17/07/2019 0.815 0.390 0.560 0.530 8907WC EG-WC 0.545 0.005 1157.1 0.875 0.500 19.43 03/11/2020 0.065 0.020 0.030 0.030 7182WA EKA-WA 0.030 Unch 711.6 0.135 0.200 70.37 22/01/2019 0.560 0.180 0.430 0.345 8877WB EKOVEST-WB 0.415 0.095 212.6 1.200 1.350 47.08 25/06/2019 0.625 0.300 0.390 0.380 5056WA ENGTEX-WA 0.380 -0.005 502.7 1.190 0.830 1.68 25/10/2017 0.860 0.170 0.320 0.310 7249WA EWEIN-WA 0.315 0.010 2375.7 0.930 0.610 -0.54 09/06/2017 0.230 0.060 0.215 0.205 7047WB FAJAR-WB 0.210 -0.005 1812.8 0.605 0.700 50.41 24/09/2019 0.285 0.085 0.210 0.155 9776WB FARMBES-WB 0.210 0.050 1.5 0.710 1.000 70.42 13/07/2018 0.205 0.110 0.175 0.175 56011 FB-C11 0.175 0.005 50 444.84 391.80 7.75 29/09/2016 0.190 0.050 0.120 0.110 65022 FBMKLCI-C22 0.115 -0.005 1735.2 1,718 1,630 -0.46 29/04/2016 0.205 0.020 0.030 0.025 65024 FBMKLCI-C24 0.025 -0.010 521.8 1,718 1,720 1.11 31/05/2016 0.660 0.275 0.275 0.275 65026 FBMKLCI-C26 0.275 -0.030 25 1,718 1,750 5.84 31/05/2016 0.790 0.315 — — 65028 FBMKLCI-C28 0.340 — — 1,718 1,670 2.13 31/05/2016 0.120 0.030 0.040 0.040 0650C3 FBMKLCI-C3 0.040 Unch 79.1 1,718 1,708 2.71 30/06/2016 0.095 0.085 — — 65030 FBMKLCI-C30 0.090 — — 1,718 1,658 4.92 30/09/2016 0.105 0.070 — — 65032 FBMKLCI-C32 0.080 — — 1,718 1,688 5.73 30/09/2016 0.125 0.050 0.090 0.090 65034 FBMKLCI-C34 0.090 -0.010 619.9 1,718 1,660 0.27 30/06/2016 0.225 0.105 0.115 0.115 65036 FBMKLCI-C36 0.115 -0.010 20 1,718 1,770 6.35 30/06/2016 0.290 0.135 0.140 0.140 65038 FBMKLCI-C38 0.140 Unch 71.4 1,718 1,690 2.42 30/06/2016 0.195 0.045 0.070 0.070 0650C4 FBMKLCI-C4 0.070 -0.005 1133.5 1,718 1,700 1.65 29/07/2016 0.045 0.015 0.020 0.020 65040 FBMKLCI-C40 0.020 -0.005 0.2 1,718 1,800 5.57 29/07/2016 0.370 0.215 0.215 0.215 65044 FBMKLCI-C44 0.215 -0.010 10 1,718 1,720 3.85 29/07/2016 0.405 0.350 — — 65046 FBMKLCI-C46 0.375 — — 1,718 1,640 1.99 29/07/2016 0.190 0.145 0.170 0.170 65048 FBMKLCI-C48 0.170 -0.015 210 1,718 1,600 0.04 30/08/2016 0.135 0.130 — — 65050 FBMKLCI-C50 0.135 — — 1,718 1,650 1.52 30/08/2016 0.245 0.190 — — 65052 FBMKLCI-C52 0.225 — — 1,718 1,570 0.53 30/08/2016 0.200 0.175 0.180 0.180 65054 FBMKLCI-C54 0.180 -0.005 100 1,718 1,595 0.15 30/09/2016 0.085 0.080 0.085 0.080 65056 FBMKLCI-C56 0.085 -0.065 80 1,718 1,710 2.98 31/10/2016 0.180 0.005 — — 65025 FBMKLCI-H25 0.005 — — 1,718 1,600 -6.69 29/04/2016 0.130 0.005 0.005 0.005 65027 FBMKLCI-H27 0.005 Unch 50 1,718 1,550 -9.60 31/05/2016 0.710 0.250 — — 65029 FBMKLCI-H29 0.250 — — 1,718 1,630 -1.51 31/05/2016 0.900 0.390 0.400 0.395 65031 FBMKLCI-H31 0.395 0.005 804 1,718 1,710 5.26 31/05/2016 0.265 0.055 0.060 0.060 65037 FBMKLCI-H37 0.060 0.005 1718.9 1,718 1,680 0.21 30/06/2016 0.280 0.105 0.110 0.110 65039 FBMKLCI-H39 0.110 0.005 81 1,718 1,570 -5.43 30/06/2016 0.365 0.175 — — 65041 FBMKLCI-H41 0.175 — — 1,718 1,650 1.12 30/06/2016 0.190 0.025 0.030 0.030 65043 FBMKLCI-H43 0.030 0.005 114.7 1,718 1,600 -5.67 29/07/2016 0.545 0.300 0.315 0.310 65051 FBMKLCI-H51 0.310 Unch 40 1,718 1,680 3.18 29/07/2016 0.130 0.030 0.030 0.030 65053 FBMKLCI-H53 0.030 Unch 100 1,718 1,570 -7.41 30/08/2016 0.155 0.085 0.095 0.090 65059 FBMKLCI-H59 0.090 Unch 1461.8 1,718 1,650 -0.31 30/09/2016 0.195 0.190 0.195 0.190 65061 FBMKLCI-H61 0.190 0.040 2874 1,718 1,710 7.25 31/10/2016 0.640 0.035 0.040 0.040 0650HV FBMKLCI-HV 0.040 0.005 446.9 1,718 1,658 -1.60 30/06/2016 0.625 0.085 0.110 0.100 0650HW FBMKLCI-HW 0.105 Unch 8007 1,718 1,700 3.01 29/07/2016 0.675 0.060 0.505 0.495 8605WB FFHB-WB 0.500 Unch 105.5 1.050 0.500 -4.76 30/03/2017 0.080 0.050 0.065 0.065 522210 FGV-C10 0.065 Unch 284.9 1.500 1.550 19.80 30/09/2016 0.210 0.025 0.060 0.055 5222C6 FGV-C6 0.055 -0.010 693.8 1.500 1.500 11.00 29/07/2016 0.340 0.080 0.085 0.085 5222C8 FGV-C8 0.085 Unch 75 1.500 1.500 11.33 18/07/2016 0.150 0.020 0.020 0.020 5222C9 FGV-C9 0.020 Unch 1175 1.500 1.900 31.20 31/05/2016 0.250 0.095 0.130 0.120 9318WB FITTERS-WB 0.120 Unch 525 0.465 1.000 140.86 12/10/2019 0.030 0.005 0.010 0.010 0109WA FLONIC-WA 0.010 Unch 10 0.040 0.050 50.00 16/06/2017 0.030 0.005 0.015 0.015 0116WB FOCUS-WB 0.015 -0.005 120 0.070 0.050 -7.14 06/06/2016 0.060 0.030 — — 0116WC FOCUS-WC 0.055 — — 0.070 0.050 50.00 06/11/2019

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


0.590 0.390 — — 7210WA FREIGHT-WA 0.410 — — 1.270 0.970 8.66 06/01/2017 0.145 0.040 — — 9377WA FSBM-WA 0.065 — — 0.145 0.300 151.72 16/05/2022 0.075 0.010 0.015 0.015 539822 GAMUDA-C22 0.015 -0.005 425 4.970 5.100 3.82 29/04/2016 0.145 0.010 — — 539823 GAMUDA-C23 0.065 — — 4.970 4.500 1.01 28/07/2016 0.125 0.065 0.070 0.070 539824 GAMUDA-C24 0.070 0.005 50 4.970 4.750 6.84 28/07/2016 0.150 0.125 — — 539825 GAMUDA-C25 0.140 — — 4.970 4.700 11.47 28/10/2016 0.255 0.145 0.235 0.230 539826 GAMUDA-C26 0.230 -0.010 60.4 4.970 4.500 4.43 30/11/2016 0.185 0.125 0.175 0.175 539827 GAMUDA-C27 0.175 -0.005 15 4.970 5.000 14.69 30/11/2016 1.160 0.805 1.120 1.100 5398WE GAMUDA-WE 1.110 Unch 11061.6 4.970 4.050 3.82 06/03/2021 0.120 0.035 — — 5209CT GASMSIA-CT 0.055 — — 2.400 2.500 8.75 30/08/2016 0.500 0.085 0.110 0.100 5226WA GBGAQRS-WA 0.105 0.005 260 0.845 1.300 66.27 20/07/2018 0.640 0.340 0.405 0.405 3611WA GBH-WA 0.405 Unch 15 1.420 1.000 -1.06 07/04/2020 0.195 0.010 — — 0078CB GDEX-CB 0.090 — — 1.560 1.500 7.69 08/06/2016 0.145 0.055 — — 471511 GENM-C11 0.080 — — 4.600 4.450 3.00 29/04/2016 0.155 0.065 0.140 0.115 471512 GENM-C12 0.140 Unch 303.4 4.600 4.250 1.52 31/05/2016 0.180 0.120 — — 471513 GENM-C13 0.180 — — 4.600 4.300 9.13 30/09/2016 3.200 1.500 3.090 3.070 2291WA GENP-WA 3.090 Unch 123.1 11.060 7.750 -1.99 17/06/2019 0.250 0.045 0.170 0.170 318224 GENTINGC24 0.170 -0.015 15 9.170 8.000 2.07 08/06/2016 0.580 0.185 0.465 0.460 318225 GENTINGC25 0.460 -0.020 1040 9.170 7.000 1.42 18/07/2016 0.505 0.065 0.380 0.375 318227 GENTINGC27 0.380 -0.010 45 9.170 7.400 1.42 31/05/2016 0.220 0.090 0.175 0.155 318228 GENTINGC28 0.165 -0.010 302 9.170 7.800 6.65 23/11/2016 0.220 0.175 0.175 0.175 318229 GENTINGC29 0.175 -0.005 65 9.170 9.300 17.64 30/11/2016 2.380 0.530 1.950 1.890 3182WA GENTING-WA 1.930 -0.030 5082.3 9.170 7.960 7.85 18/12/2018 0.165 0.065 — — 70010 GLD-C10 0.120 — — 464.27 450.57 6.35 29/09/2016 0.265 0.125 0.180 0.175 1147WA GOB-WA 0.175 -0.005 164 0.505 0.800 93.07 24/12/2019 0.100 0.020 — — 0074WA GOCEAN-WA 0.030 — — 0.085 0.340 335.29 07/08/2019 0.055 0.025 — — 7096WA GPA-WA 0.030 — — 0.080 0.100 62.50 03/06/2025 0.090 0.080 — — 7022CG GTRONIC-CG 0.085 — — 5.380 6.300 26.58 30/09/2016 0.180 0.060 0.145 0.145 7676WB GUNUNG-WB 0.145 Unch 50 0.460 0.400 18.48 02/10/2020 0.700 0.145 — — 3034CN HAPSENG-CN 0.625 — — 7.630 5.000 -1.70 30/08/2016 0.580 0.165 0.550 0.545 3034CO HAPSENG-CO 0.550 0.060 2.1 7.630 6.000 0.26 31/05/2016 0.400 0.185 — — 3034CP HAPSENG-CP 0.345 — — 7.630 7.000 7.57 31/05/2016 0.310 0.140 — — 3034CQ HAPSENG-CQ 0.280 — — 7.630 6.800 7.47 07/10/2016 0.315 0.220 0.265 0.265 3034CR HAPSENG-CR 0.265 Unch 40 7.630 6.600 3.87 30/11/2016 0.245 0.215 — — 3034CS HAPSENG-CS 0.215 — — 7.630 7.950 18.28 11/11/2016 0.115 0.115 0.115 0.115 3034CT HAPSENG-CT 0.115 -0.035 20 7.630 7.500 13.37 11/10/2016 6.200 2.520 5.900 5.840 3034WA HAPSENG-WA 5.890 0.050 24.8 7.630 1.650 -1.18 09/08/2016 0.305 0.305 0.305 0.305 2062WC HARBOUR-WC 0.305 0.300 230 1.290 1.560 44.57 03/04/2021 0.860 0.120 0.190 0.185 5168CP HARTA-CP 0.185 0.005 8 4.760 8.800 100.42 15/04/2016 0.240 0.090 — — 5168CQ HARTA-CQ 0.090 — — 4.760 4.780 17.44 28/10/2016 0.165 0.045 — — 5168CR HARTA-CR 0.055 — — 4.760 6.100 36.24 28/10/2016 0.120 0.040 — — 5168CS HARTA-CS 0.045 — — 4.760 6.000 33.61 31/01/2017 0.100 0.060 — — 5168CT HARTA-CT 0.060 — — 4.760 6.000 37.39 31/01/2017 1.510 0.625 0.960 0.945 5095WB HEVEA-WB 0.950 0.010 451.3 1.210 0.250 -0.83 28/02/2020 0.180 0.025 0.060 0.055 5072WA HIAPTEK-WA 0.055 Unch 75 0.310 0.690 140.32 09/01/2017 0.970 0.370 0.455 0.450 5169WA HOHUP-WA 0.450 -0.030 46 0.885 0.600 18.64 21/12/2018 0.370 0.220 0.260 0.255 7213WB HOVID-WB 0.255 -0.005 170 0.440 0.180 -1.14 05/06/2018 1.060 0.005 0.010 0.005 65115 HSI-C15 0.010 Unch 1135.9 10,273 23,800 131.75 28/04/2016 1.380 0.010 0.020 0.010 65116 HSI-C16 0.020 -0.005 962.4 10,274 22,400 118.20 28/04/2016 1.730 0.125 0.190 0.125 65117 HSI-C17 0.175 0.010 25286.7 10,274 21,000 105.93 28/04/2016 0.550 0.050 0.050 0.050 65118 HSI-C18 0.050 -0.015 50 10,273 24,200 135.99 29/06/2016 0.840 0.130 0.170 0.150 65119 HSI-C19 0.170 0.005 3272.4 10,274 22,800 123.41 29/06/2016 1.210 0.280 0.375 0.305 65120 HSI-C20 0.370 0.025 3290.7 10,274 21,400 111.53 29/06/2016 0.585 0.305 0.415 0.355 65121 HSI-C21 0.415 0.025 843 10,273 22,000 117.77 28/07/2016 0.910 0.490 0.690 0.605 65122 HSI-C22 0.690 0.040 181 10,273 20,600 106.55 28/07/2016 1.340 0.780 1.090 0.985 65123 HSI-C23 1.090 0.050 157 10,274 19,200 96.43 28/07/2016 1.020 0.650 0.740 0.740 65124 HSI-C24 0.740 -0.045 4 10,273 20,200 103.10 30/08/2016 1.410 1.040 — — 65126 HSI-C26 1.230 — — 10,274 18,800 93.76 30/08/2016 2.000 1.560 1.720 1.720 65128 HSI-C28 1.720 -0.110 1 10,274 17,400 84.43 30/08/2016 0.460 0.295 0.340 0.295 65130 HSI-C30 0.340 0.020 87.5 10,273 22,400 121.01 29/09/2016 0.650 0.550 0.605 0.595 65132 HSI-C32 0.600 0.035 240 10,274 21,000 109.65 29/09/2016 1.050 0.880 0.985 0.880 65134 HSI-C34 0.985 0.045 70 10,273 19,600 99.41 29/09/2016 1.310 0.540 0.685 0.610 65125 HSI-H25 0.610 -0.045 110 10,273 19,000 90.28 28/07/2016 1.650 0.900 — — 65127 HSI-H27 0.950 — — 10,273 20,400 106.89 28/07/2016 0.735 0.335 — — 65129 HSI-H29 0.385 — — 10,274 17,000 68.84 30/08/2016 1.070 0.570 — — 65131 HSI-H31 0.655 — — 10,273 18,400 84.83 30/08/2016 1.500 0.860 1.040 1.000 65133 HSI-H33 1.000 0.100 3.3 10,273 19,800 101.49 30/08/2016 0.560 0.470 — — 65135 HSI-H35 0.545 — — 10,274 17,800 78.03 29/09/2016 0.845 0.710 — — 65137 HSI-H37 0.750 — — 10,273 19,200 93.46 29/09/2016 1.250 1.050 — — 65139 HSI-H39 1.200 — — 10,274 20,600 111.02 29/09/2016 0.230 0.155 0.160 0.155 6238CD HSL-CD 0.155 -0.010 498.2 2.000 2.000 11.63 11/11/2016 0.010 0.005 — — 7013WA HUBLINE-WA 0.005 — — 0.010 0.160 1,550 04/11/2019 0.010 0.005 0.005 0.005 7013WB HUBLINE-WB 0.005 Unch 860 0.010 0.010 50.00 20/12/2020 0.064 0.004 0.005 0.005 9601WC HWGB-WC 0.005 Unch 120.7 0.060 0.200 241.67 22/09/2016 0.030 0.020 0.025 0.025 9601WD HWGB-WD 0.025 -0.005 570 0.060 0.180 241.67 15/03/2021 0.365 0.155 0.205 0.195 4251WA IBHD-WA 0.195 0.015 139.8 0.550 1.410 191.82 08/10/2019 0.235 0.180 0.185 0.180 9687WB IDEALUBB-WB 0.180 -0.005 65.7 0.825 1.000 43.03 30/03/2021 0.460 0.245 — — 0081WA IDEAL-WA 0.370 — — 0.475 0.100 -1.05 29/04/2019 0.140 0.045 — — 5225CW IHH-CW 0.095 — — 6.690 6.000 -1.79 29/04/2016 0.105 0.090 0.105 0.100 5225CY IHH-CY 0.105 Unch 90 6.690 6.700 9.57 30/09/2016 0.055 0.005 0.025 0.020 3336CW IJM-CW 0.020 -0.005 1714 3.630 3.940 9.37 31/05/2016 0.045 0.040 — — 3336CX IJM-CX 0.045 — — 3.630 3.600 5.37 25/08/2016 0.120 0.105 — — 3336CY IJM-CY 0.120 — — 3.630 3.500 9.64 28/10/2016 0.270 0.065 — — 0166CG INARI-CG 0.100 — — 3.180 2.704 0.13 28/04/2016 0.355 0.150 — — 0166CI INARI-CI 0.250 — — 3.180 2.320 4.40 08/06/2016 0.435 0.170 — — 0166CJ INARI-CJ 0.205 — — 3.180 2.640 3.65 18/07/2016 0.310 0.150 — — 0166CK INARI-CK 0.215 — — 3.180 2.704 17.48 28/10/2016 0.215 0.040 — — 0166CL INARI-CL 0.100 — — 3.180 2.864 10.19 28/10/2016 0.325 0.135 — — 0166CM INARI-CM 0.140 — — 3.180 2.880 8.18 10/08/2016 0.270 0.080 0.080 0.080 0166CN INARI-CN 0.080 -0.015 30 3.180 3.200 10.69 31/05/2016 0.165 0.130 — — 0166CO INARI-CO 0.130 — — 3.180 3.024 17.99 30/08/2016 3.552 2.075 — — 0166WA INARI-WA 2.900 — — 3.180 0.264 -0.50 04/06/2018 2.320 0.813 1.640 1.620 0166WB INARI-WB 1.620 -0.010 40.6 3.180 1.600 1.26 17/02/2020 0.040 0.015 0.015 0.015 0094WA INIX-WA 0.015 Unch 300 0.045 0.100 155.56 16/11/2020 0.425 0.150 0.190 0.190 3379WB INSAS-WB 0.190 Unch 106.9 0.710 1.000 67.61 25/02/2020 0.180 0.110 — — 196110 IOICORP-C10 0.110 — — 4.510 5.000 23.06 11/11/2016 0.155 0.115 — — 196111 IOICORP-C11 0.115 — — 4.510 5.000 23.61 30/11/2016 0.260 0.100 — — 1961C8 IOICORP-C8 0.160 — — 4.510 4.000 2.88 15/04/2016 0.225 0.110 0.120 0.110 1961C9 IOICORP-C9 0.120 -0.005 104.2 4.510 4.700 13.53 30/12/2016 0.180 0.160 0.160 0.160 5249CK IOIPG-CK 0.160 Unch 30 2.340 2.100 10.26 15/12/2016 0.395 0.130 — — 8834WB IREKA-WB 0.155 — — 0.550 1.000 110.00 25/06/2019 0.145 0.020 0.025 0.020 7183WA IRETEX-WA 0.025 Unch 1079.1 0.255 0.800 223.53 10/06/2019 0.200 0.010 — — 0010WA IRIS-WA 0.010 — — 0.160 0.150 0.00 24/06/2016 0.205 0.005 — — 0010WB IRIS-WB 0.005 — — 0.160 0.150 -3.12 20/04/2016 0.155 0.040 0.045 0.045 5175WA IVORY-WA 0.045 0.005 96 0.360 0.750 120.83 26/04/2017 0.095 0.035 0.045 0.045 0024WA JAG-WA 0.045 Unch 1100 0.110 0.100 31.82 14/08/2019 0.180 0.035 — — 5161CR JCY-CR 0.060 — — 0.735 0.720 14.29 30/08/2016 0.185 0.065 — — 5161CS JCY-CS 0.065 — — 0.735 0.800 22.11 30/08/2016 0.200 0.040 — — 5161CT JCY-CT 0.055 — — 0.735 0.980 40.82 30/08/2016 0.135 0.030 — — 5161CU JCY-CU 0.045 — — 0.735 0.790 19.73 07/10/2016 0.150 0.025 — — 5161CV JCY-CV 0.025 — — 0.735 0.950 36.05 07/10/2016 0.150 0.065 0.105 0.105 9083WB JETSON-WB 0.105 0.005 10 0.225 0.750 280.00 06/02/2019 0.140 0.050 0.060 0.060 8923WA JIANKUN-WA 0.060 -0.005 22.7 0.240 0.320 58.33 23/12/2021 0.935 0.120 0.305 0.290 7167WA JOHOTIN-WA 0.300 0.010 368 1.720 2.280 50.00 21/11/2017 0.370 0.105 0.240 0.235 4383CE JTIASA-CE 0.240 Unch 30 1.520 1.100 3.95 18/07/2016 0.185 0.090 0.135 0.135 4383CH JTIASA-CH 0.135 -0.010 50 1.520 1.600 23.03 30/09/2016 0.075 0.050 0.060 0.055 4383CI JTIASA-CI 0.060 -0.005 273 1.520 1.700 29.61 28/11/2016 0.130 0.095 0.115 0.115 4383CJ JTIASA-CJ 0.115 -0.005 426 1.520 1.500 21.38 30/09/2016 0.240 0.075 0.095 0.095 5247CL KAREX-CL 0.095 -0.005 39.9 4.000 4.500 22.00 29/07/2016 0.165 0.110 0.130 0.130 5247CM KAREX-CM 0.130 -0.010 8.5 4.000 4.000 16.25 28/10/2016 3.000 0.850 2.520 2.450 7216WA KAWAN-WA 2.450 -0.140 13.5 3.450 0.930 -2.03 28/07/2016 0.945 0.350 0.895 0.865 7161WA KERJAYA-WA 0.890 0.015 371.1 1.800 0.880 -1.67 20/12/2017 0.030 0.010 0.015 0.015 0036WA KGROUP-WA 0.015 Unch 80 0.060 0.100 91.67 02/07/2018 0.845 0.260 0.835 0.815 5171WA KIMLUN-WA 0.825 -0.005 229.8 1.850 1.680 35.41 12/03/2024 0.115 0.110 0.110 0.110 2445CX KLK-CX 0.110 -0.005 40 24.020 23.700 10.12 11/10/2016 0.205 0.065 0.085 0.085 7164WA KNM-WA 0.085 0.005 742 0.490 0.980 117.35 15/11/2017 0.240 0.090 0.125 0.120 7164WB KNM-WB 0.125 Unch 395.4 0.490 1.000 129.59 21/04/2020 0.585 0.130 0.360 0.355 7017WB KOMARK-WB 0.355 -0.010 28.1 0.560 0.300 16.96 21/01/2020 0.190 0.145 0.150 0.150 5038CF KSL-CF 0.150 -0.005 50 1.310 1.400 18.32 11/11/2016 1.320 0.430 0.510 0.505 5038WA KSL-WA 0.505 -0.015 42.1 1.310 0.800 -0.38 19/08/2016 0.640 0.260 0.370 0.370 8494WA LBICAP-WA 0.370 -0.005 10 1.400 1.000 -2.14 17/04/2018 0.700 0.300 0.575 0.570 5789WA LBS-WA 0.575 -0.025 75 1.600 1.000 -1.56 11/06/2018 0.450 0.215 0.435 0.425 5789WB LBS-WB 0.430 -0.010 368.3 1.600 1.250 5.00 04/10/2020 0.470 0.240 0.295 0.295 7617WB MAGNA-WB 0.295 Unch 10 1.040 0.900 14.90 04/09/2020 0.055 0.005 0.010 0.010 3859CW MAGNUM-CW 0.010 -0.005 130 2.490 2.800 12.85 31/05/2016 0.110 0.045 0.085 0.085 8583C2 MAHSING-C2 0.085 0.010 80.2 1.450 1.450 5.86 30/09/2016 0.372 0.130 0.200 0.195 8583WB MAHSING-WB 0.200 Unch 827.7 1.450 1.440 13.10 16/03/2018 0.220 0.100 0.145 0.140 8583WC MAHSING-WC 0.145 Unch 1337.4 1.450 2.100 54.83 21/02/2020 0.175 0.010 0.025 0.020 5264CA MALAKOF-CA 0.025 0.010 31 1.710 1.700 3.80 28/04/2016 0.105 0.065 0.085 0.080 5264CL MALAKOF-CL 0.085 -0.005 44 1.710 1.650 11.40 29/07/2016 0.100 0.060 0.090 0.090 5264CM MALAKOF-CM 0.090 Unch 1463.9 1.710 1.600 9.36 28/11/2016 0.185 0.115 0.155 0.155 5264CN MALAKOF-CN 0.155 -0.005 60 1.710 1.600 7.16 30/12/2016 0.350 0.130 0.145 0.135 6181WB MALTON-WB 0.145 0.010 71 0.745 1.000 53.69 29/06/2018 0.070 0.005 0.010 0.010 6012CQ MAXIS-CQ 0.010 -0.005 100 6.130 7.200 18.11 30/06/2016 0.175 0.130 0.130 0.130 6012CS MAXIS-CS 0.130 -0.010 50 6.130 6.300 15.29 30/08/2016 0.170 0.115 0.140 0.130 6012CT MAXIS-CT 0.130 -0.015 110 6.130 6.300 9.14 30/12/2016 0.060 0.005 0.005 0.005 115513 MAYBANKC13 0.005 -0.005 36.8 9.130 10.000 9.69 31/05/2016 0.105 0.040 0.105 0.095 115517 MAYBANKC17 0.105 0.005 1260.1 9.130 8.200 1.31 18/07/2016 0.320 0.215 0.320 0.320 115518 MAYBANKC18 0.320 0.005 200 9.130 8.350 3.72 15/08/2016 0.225 0.150 0.225 0.220 115519 MAYBANKC19 0.225 0.005 85 9.130 8.600 0.36 30/12/2016 0.320 0.155 0.265 0.215 5152WA MBL-WA 0.215 -0.045 1.7 0.790 0.800 28.48 28/11/2022 1.230 0.290 0.355 0.345 1171WA MBSB-WA 0.355 Unch 16.3 1.370 1.000 -1.09 31/05/2016 0.110 0.005 0.040 0.035 5040WC MEDAINC-WC 0.040 Unch 4.1 0.515 0.800 63.11 24/08/2024 0.315 0.130 0.155 0.140 1694WB MENANG-WB 0.155 Unch 246.9 0.665 1.000 73.68 09/07/2019 0.045 0.010 0.015 0.015 0075WA MEXTER-WA 0.015 Unch 100 0.070 0.130 107.14 17/09/2018 0.430 0.145 0.150 0.145 3662WB MFLOUR-WB 0.145 -0.005 33 1.260 2.060 75.00 09/05/2017 0.140 0.005 0.010 0.005 5186CX MHB-CX 0.005 -0.010 1110.4 1.130 1.250 11.50 29/04/2016 0.315 0.210 0.310 0.300 5186CY MHB-CY 0.300 -0.010 8.9 1.130 0.900 6.19 30/11/2016 0.155 0.120 0.150 0.145 5186CZ MHB-CZ 0.145 -0.010 650 1.130 1.000 14.16 15/12/2016 0.545 0.235 0.540 0.530 9571WD MITRA-WD 0.535 -0.010 602.8 1.260 1.090 28.97 23/08/2020 1.200 0.500 1.120 1.050 6114WB MKH-WB 1.120 0.020 46 2.690 1.890 11.90 29/12/2017 0.360 0.115 0.345 0.315 7595WA MLGLOBAL-WA 0.340 -0.015 76.5 0.610 0.500 37.70 27/10/2019 0.240 0.025 0.150 0.145 2194C1 MMCCORP-C1 0.150 Unch 1390.6 2.120 2.100 13.21 30/09/2016 0.205 0.005 0.015 0.010 1651C5 MRCB-C5 0.010 -0.005 110 1.230 1.500 22.76 31/05/2016 0.530 0.020 0.230 0.230 1651C6 MRCB-C6 0.230 -0.005 20 1.230 1.000 0.00 08/06/2016

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


Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants

Wall Street ahead — Wall Street ends higher but indices post weekly losses

NEW YORK: A sharp rally in crude oil and energy shares lifted US stocks last Friday, but indices registered losses for the week. US crude oil settled at 6.6% or US$2.46 higher after data showed lower US stock-piles, driving gains of 2% in the S&P en-ergy index. In the latest comments from US Fed-eral Reserve (Fed) officials, Fed chair Ja-net Yellen said late last Thursday the US economy was on “a solid course,” while New York Fed president William Dudley said last Friday a cautious and gradual approach to raising rates was appropriate. Investor focus should shift this week from oil and the Fed to quarterly reports, said Peter Kenny, senior market strate-gist at Global Markets Advisory Group, in Berkeley Heights, New Jersey. “The Street is not expecting much in 1Q earnings, but right now the market is moving as a direct result of dovish com-mentary from the Fed and crude’s ability to rally. That is good news for investors but I’m not sure how long of a shelf life that has,” he said. 1Q earnings begin in earnest this week with reports from Alcoa and four of the big banks. Analysts are projecting a third straight quarterly decline in earnings at S&P 500 companies, with a 7.6% year-over-year

decline in profi ts forecast, according to Thomson Reuters data. Some strategists, though, expect more companies than usual to beat extremely low estimates, possibly helping stocks gain in the short term. The Dow Jones Industrial Average closed up 35 points or 0.2% to 17,576.96; the S&P 500 gained 5.69 points or 0.28% to 2,047.6 and the Nasdaq Composite added 2.32 points or 0.05% to 4,850.69. For the week, the Dow and S&P 500 lost 1.2%, while the Nasdaq fell 1.3%. S&P 500’s weekly loss was its biggest since early February. The index has most-ly rallied since mid-February as oil prices rebounded and worries over China eased. A drop in shares of biotechs and other healthcare companies kept a lid on gains in the Nasdaq and the broader market, with the Nasdaq Biotech index down 1.1% on the day. Valeant Pharmaceuticals fell 5.2% to US$33.67 after Bill Ackman said that the Canadian drug maker would not sell Bausch and Lomb. Gap sank 13.8% to US$23.85 after the company’s disappointing same-store sales for March prompted Citigroup to cut its price target on the stock. Volume was light. About 6.3 billion shares changed hands on US exchang-es, below the 7.1 billion daily average for the past 20 trading days, according to Thomson Reuters data.

Global market — Southeast Asian stocks end mixed; Thailand rises after fi ve sessions of losses

JAKARTA: Southeast Asian stock mar-kets ended mixed last Friday with Thai-land bouncing back from a near six-week low hit earlier in the session on the back of bargain-hunting after fi ve straight ses-sions of losses. The Thai SET Index gained 0.95% last Friday, but posted a weekly fall of 2.2% as weak oil prices hit energy stocks. “For short-term strategy, any dips should be taken as an opportunity to accumulate positions,” Phillip Capital in Bangkok said. The Philippines gained 0.2% last Fri-day, led by property developer Robinsons Land Corp with a gain of 2.1%. Singapore’s Straits Times Index dropped as much as 1.1% before recovering some lost ground to close 0.19% lower. It fell 0.4% for the week, its third straight weekly drop. Lack of positive domestic catalysts and concerns over 1Q results in Indonesia caused a 0.4% fall in the Jakarta Com-posite Index, said Trimegah Securities. Banking stocks led the losses with two of the country’s largest banks as top de-cliners. Shares of PT Bank Mandiri Tbk dropped 4.37%, their biggest fall since Feb 19, while PT Bank Rakyat Indonesia Tbk fell 2.7%. Indonesian companies will start reporting 1Q results later this month. Regionally, South Korea’s Kospi fell

0.09%, while Japan’s Nikkei and Hong Kong’s Hang Seng gained 0.46% and 0.51% respectively. Reuters reported that most Asian shares fell to three-week lows last Fri-day, but Japan bucked the trend after its fi nance minister pledged to guard against strong moves in the yen in either direction. MSCI’s broadest index of Asia-Pacifi c shares outside Japan fell 0.2%, heading for a weekly drop of 1.5%. Global equity markets advanced last Friday, buoyed by a jump in oil prices, but were lower for the week as the US dollar gave up early gains against the yen. Stocks on Wall Street and in Europe were lifted by energy names, with Brent and US crude oil jumping more than 6% as drawdowns in US crude stocks fed hopes a punishing global glut that has persisted for nearly two years may be nearing a tipping point. The STOXX 600 Europe Oil and Gas Index was up more than 3% while the S&P energy index climbed 2% as the top-per-forming sectors in each region, tracking the rise in crude oil prices. “Clearly if you are looking at it from an index perspective, the stronger commod-ities are having a bit of a positive effect,” said Nick Kalivas, senior equity strategist at Invesco PowerShares in Chicago. “The market still remains very focused on energy as kind of an indicator of eco-nomic health and credit risk that I don’t think has faded yet.” — Agencies

Dow JonesIndex points

10,403.79

Mar 1, 2010 Apr 8, 2016

17,576.96+35.00

(+0.20%)

9500

11770

14040

16310

18580

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 Apr 8, 2016

1900

2875

3850

4825

58002,984.96

-23.46 (-0.78%)

FT Straits TimesIndex points

Mar 1, 2010

2,774.06

2,808.32-5.27

(-0.19%)

Apr 8, 2016

2400

2700

3000

3300

3600

Euro STOXX 50 IndexIndex points

2,772.70

Mar 1, 2010 Apr 8, 2016

2,911.98+40.41

(+1.41%)

1960

2445

2930

3415

3900

Bursa Malaysia Equity Derivatives

0.240 0.075 0.145 0.140 1651WA MRCB-WA 0.145 Unch 1350.7 1.230 2.300 98.78 14/09/2018 0.470 0.290 0.330 0.315 0138CP MYEG-CP 0.320 -0.010 1191 2.100 1.500 1.90 10/08/2016 0.360 0.160 0.215 0.215 0138CT MYEG-CT 0.215 -0.010 1 2.100 1.775 5.00 30/09/2016 0.180 0.085 0.100 0.095 0138CU MYEG-CU 0.095 -0.005 1690 2.100 2.300 23.10 29/07/2016 0.100 0.045 0.055 0.050 0138CW MYEG-CW 0.050 -0.005 306.4 2.100 2.350 22.62 23/11/2016 0.145 0.125 0.130 0.130 0138CX MYEG-CX 0.130 -0.005 7.5 2.100 1.900 14.00 31/10/2016 0.065 0.020 0.030 0.025 0096WA NEXGRAM-WA 0.030 0.005 625 0.060 0.100 116.67 16/05/2022 0.035 0.015 0.020 0.015 0096WB NEXGRAM-WB 0.020 Unch 100.1 0.060 0.260 366.67 21/07/2023 0.065 0.025 0.025 0.025 0096WC NEXGRAM-WC 0.025 Unch 190 0.060 0.100 108.33 15/01/2024 0.125 0.045 0.055 0.055 0083WB NOTION-WB 0.055 Unch 20 0.390 1.000 170.51 02/05/2017 0.240 0.150 0.190 0.185 0172WA OCK-WA 0.190 Unch 2154.1 0.810 0.710 11.11 15/12/2020 0.195 0.100 0.125 0.125 7071WB OCR-WB 0.125 Unch 33.6 0.480 0.350 -1.04 02/09/2016 0.130 0.050 0.100 0.100 0018WA OMEDIA-WA 0.100 Unch 130 0.205 0.100 -2.44 18/01/2019 0.470 0.255 0.305 0.300 5053WC OSK-WC 0.305 0.005 359 1.670 1.800 26.05 22/07/2020 0.045 0.010 0.040 0.035 0005WA PALETTE-WA 0.035 Unch 1686.5 0.065 0.040 15.38 20/03/2018 0.420 0.160 0.170 0.170 5125WA PANTECH-WA 0.170 Unch 20 0.580 0.600 32.76 21/12/2020 0.060 0.005 0.010 0.005 5657CO PARKSON-CO 0.010 0.005 333 0.930 2.170 135.34 31/05/2016 0.165 0.010 0.045 0.035 5657CP PARKSON-CP 0.045 Unch 11160.9 0.930 1.000 14.78 31/05/2016 0.100 0.010 0.040 0.040 1295C4 PBBANK-C4 0.040 -0.005 781.9 19.200 19.300 2.60 30/06/2016 0.190 0.075 0.180 0.175 1295C6 PBBANK-C6 0.175 -0.010 27 19.200 18.000 1.04 30/09/2016 0.260 0.140 0.145 0.140 5183C4 PCHEM-C4 0.140 -0.005 20 6.700 6.250 1.64 31/05/2016 0.280 0.130 0.245 0.240 9997WB PENSONI-WB 0.245 Unch 30.1 0.655 0.600 29.01 20/01/2024 0.530 0.120 0.145 0.140 8311WC PESONA-WC 0.145 Unch 395.5 0.385 0.250 2.60 27/01/2020 0.310 0.075 0.130 0.120 5681CP PETDAG-CP 0.125 Unch 7.2 23.859 23.000 2.69 30/06/2016 0.130 0.015 0.025 0.015 6033CM PETGAS-CM 0.015 -0.005 255.8 21.900 24.000 10.27 30/06/2016 0.120 0.005 0.080 0.075 8869CL PMETAL-CL 0.075 -0.005 502.4 2.710 2.500 6.09 08/06/2016 2.290 0.705 1.740 1.700 8869WC PMETAL-WC 1.740 0.010 73.5 2.710 1.100 4.80 22/08/2019 1.110 0.645 0.695 0.680 7088WB POHUAT-WB 0.695 0.020 109.6 1.490 1.000 13.76 21/10/2020 0.195 0.005 0.005 0.005 4634CU POS-CU 0.005 Unch 300 2.610 5.500 111.30 31/05/2016 0.280 0.020 0.135 0.120 4634CV POS-CV 0.120 -0.010 3747.9 2.610 2.770 15.33 31/10/2016 0.100 0.090 0.090 0.090 4634CW POS-CW 0.090 -0.010 19 2.610 3.000 27.01 11/10/2016 0.205 0.010 0.115 0.110 5204CB PRESBHD-CB 0.110 Unch 416 3.000 2.500 -2.00 29/04/2016 0.195 0.185 0.195 0.195 5204CD PRESBHD-CD 0.195 0.005 25 3.000 3.000 16.25 11/10/2016 0.405 0.160 0.345 0.325 7168WA PRG-WA 0.345 0.020 1164.2 1.100 0.750 -0.45 06/07/2019 0.180 0.010 0.025 0.020 6807CH PUNCAK-CH 0.025 Unch 794 1.380 1.767 31.46 18/07/2016 2.020 0.315 0.750 0.750 6807WB PUNCAK-WB 0.750 0.010 8.8 1.380 1.000 26.81 20/07/2018 0.090 0.030 0.040 0.035 5256WA REACH-WA 0.040 0.005 540.9 0.690 0.750 14.49 12/08/2022 0.150 0.015 0.040 0.035 7232WA RESINTC-WA 0.040 -0.005 113 0.385 0.500 40.26 29/09/2016 0.115 0.070 0.090 0.080 5270WA RSENA-WA 0.085 Unch 7722.7 0.405 0.500 44.44 01/12/2023 0.065 0.020 0.025 0.025 0133WB SANICHI-WB 0.025 0.005 35 0.045 0.100 177.78 13/03/2018 0.055 0.015 0.020 0.015 0133WC SANICHI-WC 0.020 Unch 1025 0.045 0.100 166.67 24/09/2019 0.150 0.120 0.140 0.120 5157WA SAUDEE-WA 0.125 -0.010 3865.8 0.330 0.500 89.39 31/03/2021 0.530 0.090 0.285 0.280 7073WA SEACERA-WA 0.280 -0.010 146.6 0.940 1.000 36.17 16/05/2017 0.320 0.080 0.095 0.090 0055WA SERSOL-WA 0.095 0.010 281 0.130 0.180 111.54 18/04/2023 0.160 0.020 0.035 0.035 521815 SKPETROC15 0.035 -0.005 247.8 1.820 2.200 27.61 30/08/2016 0.325 0.010 0.070 0.060 521816 SKPETROC16 0.070 Unch 8520.1 1.820 1.800 6.59 31/05/2016 0.275 0.070 0.135 0.125 521817 SKPETROC17 0.135 0.005 783.2 1.820 1.700 11.95 30/09/2016 0.145 0.030 0.030 0.030 521818 SKPETROC18 0.030 -0.020 100 1.820 2.000 16.48 08/06/2016 0.140 0.045 0.055 0.045 521824 SKPETROC24 0.050 -0.005 3160.1 1.820 2.100 25.00 30/08/2016 0.210 0.035 0.050 0.040 5218HC SKPETRO-HC 0.040 -0.010 160 1.820 1.700 -2.20 31/05/2016 0.130 0.090 0.110 0.110 7155CA SKPRES-CA 0.110 Unch 200 1.360 1.500 26.47 30/09/2016 1.050 0.300 0.790 0.775 7155WA SKPRES-WA 0.780 Unch 307.9 1.360 0.550 -2.21 27/06/2017 0.355 0.060 0.120 0.115 0117WA SMRT-WA 0.120 Unch 85.6 0.205 0.180 46.34 01/08/2017 1.320 0.620 1.220 1.220 7103WA SPRITZER-WA 1.220 -0.030 0.6 2.430 1.180 -1.23 13/12/2016 0.230 0.065 0.170 0.170 7143WA STONE-WA 0.170 0.015 0.1 0.375 0.300 25.33 21/06/2020 0.155 0.055 0.065 0.065 1201WA SUMATEC-WA 0.065 -0.005 30 0.115 0.320 234.78 03/03/2021 0.150 0.040 0.045 0.045 1201WB SUMATEC-WB 0.045 Unch 715 0.115 0.175 91.30 13/11/2018 0.170 0.075 0.135 0.135 5263CB SUNCON-CB 0.135 -0.005 20 1.640 1.450 8.99 07/10/2016 0.235 0.110 0.215 0.195 5263CC SUNCON-CC 0.215 Unch 180.1 1.640 1.450 8.08 28/10/2016 1.260 0.630 0.895 0.880 5211WA SUNWAY-WA 0.895 0.010 449 3.240 2.250 -2.93 17/08/2016 0.377 0.140 0.170 0.170 0148WA SUNZEN-WA 0.170 -0.045 185 0.280 0.100 -3.57 14/04/2019 0.140 0.060 0.110 0.100 0148WB SUNZEN-WB 0.105 -0.005 1190 0.280 0.250 26.79 25/02/2021 0.270 0.060 0.075 0.070 710610 SUPERMX-C10 0.070 0.005 747.5 2.820 3.170 22.34 31/10/2016 0.060 0.035 0.055 0.050 710613 SUPERMX-C13 0.055 0.005 145 2.820 4.000 51.60 31/01/2017



0.165 0.060 0.080 0.080 710614 SUPERMX-C14 0.080 0.005 10 2.820 3.700 43.97 04/10/2016 0.120 0.045 0.065 0.060 710615 SUPERMX-C15 0.065 Unch 280 2.820 3.100 22.61 23/11/2016 0.115 0.085 0.115 0.110 710616 SUPERMX-C16 0.115 0.030 1113.2 2.820 2.750 17.91 30/09/2016 0.765 0.170 0.405 0.370 7106C5 SUPERMX-C5 0.405 0.035 1639.8 2.820 2.100 3.19 18/07/2016 0.400 0.085 0.170 0.155 7106C6 SUPERMX-C6 0.170 0.020 1049.6 2.820 2.200 -0.28 29/04/2016 0.710 0.160 0.325 0.310 7106C7 SUPERMX-C7 0.320 0.010 118.4 2.820 2.200 0.71 31/05/2016 0.310 0.055 0.080 0.075 7106C8 SUPERMX-C8 0.080 0.005 2026.1 2.820 3.000 17.73 25/08/2016 0.235 0.045 0.065 0.060 7106C9 SUPERMX-C9 0.065 0.005 1155.2 2.820 3.300 27.39 29/07/2016 0.345 0.135 0.205 0.200 7082WB SYF-WB 0.200 -0.005 673 0.575 0.700 56.52 11/11/2019 0.320 0.155 0.195 0.195 1538WB SYMLIFE-WB 0.195 Unch 46 0.720 1.100 79.86 11/11/2020 0.200 0.070 0.105 0.105 5012CF TAANN-CF 0.105 -0.005 5.2 5.010 5.500 20.26 30/09/2016 0.080 0.050 0.070 0.070 5012CG TAANN-CG 0.070 Unch 30 5.010 5.800 25.55 28/11/2016 0.160 0.005 0.015 0.015 4898CF TA-CF 0.015 -0.005 1755.6 0.560 0.700 27.01 08/06/2016 0.090 0.045 0.065 0.065 0132WA TDEX-WA 0.065 Unch 20 0.110 0.110 59.09 21/09/2018 0.085 0.015 0.020 0.020 534718 TENAGA-C18 0.020 Unch 100 14.380 14.480 4.17 28/04/2016 0.125 0.030 0.105 0.105 534719 TENAGA-C19 0.105 0.005 30 14.380 13.500 2.64 08/06/2016 0.570 0.360 0.570 0.570 534722 TENAGA-C22 0.570 0.010 152 14.380 10.500 0.76 30/09/2016 0.290 0.140 0.290 0.290 534725 TENAGA-C25 0.290 0.010 60.7 14.380 11.500 0.14 29/04/2016 0.200 0.150 0.195 0.195 534727 TENAGA-C27 0.195 0.005 100 14.380 13.700 8.15 30/08/2016 1.130 0.360 0.460 0.455 7252WA TEOSENG-WA 0.455 -0.005 60.2 0.455 1.350 296.70 29/01/2020 2.550 0.600 1.890 1.830 7034WA TGUAN-WA 1.890 -0.030 20 3.120 1.500 8.65 09/10/2019 0.120 0.005 0.045 0.045 9075WA THETA-WA 0.045 0.010 50 0.460 1.199 170.43 04/07/2016 0.025 0.005 0.010 0.010 7079WB TIGER-WB 0.010 Unch 29.7 0.050 0.170 260.00 23/12/2018 0.025 0.015 0.020 0.020 7079WC TIGER-WC 0.020 Unch 400 0.050 0.080 100.00 11/02/2021 0.165 0.140 0.165 0.165 486312 TM-C12 0.165 0.020 10 6.710 6.500 4.25 30/11/2016 0.165 0.005 0.010 0.010 4863C6 TM-C6 0.010 Unch 60 6.710 7.000 5.07 29/04/2016 0.260 0.105 0.235 0.230 0101WB TMCLIFE-WB 0.230 Unch 1680.8 0.795 0.750 23.27 21/06/2019 0.080 0.035 0.040 0.040 7113C1 TOPGLOV-C1 0.040 -0.010 124 5.320 7.000 40.60 31/01/2017 0.465 0.130 0.180 0.170 7113CX TOPGLOV-CX 0.180 0.010 843.9 5.320 4.625 7.24 10/08/2016 0.885 0.175 0.245 0.240 7113CY TOPGLOV-CY 0.240 0.005 108 5.320 5.250 9.96 31/05/2016 0.170 0.025 0.125 0.115 5054WA TRC-WA 0.115 -0.015 915 0.470 0.500 30.85 20/01/2017 0.080 0.005 0.020 0.020 5054WB TRC-WB 0.020 Unch 140 0.470 0.610 34.04 14/07/2016 0.405 0.195 0.290 0.290 5401WA TROP-WA 0.290 -0.005 235 1.020 1.000 26.47 06/12/2019 0.070 0.005 0.020 0.015 5230CF TUNEPRO-CF 0.015 Unch 3543.7 1.380 1.750 30.07 08/06/2016 0.380 0.020 0.160 0.155 514818 UEMS-C18 0.155 Unch 245 1.110 0.930 4.73 30/08/2016 0.295 0.040 0.095 0.085 514819 UEMS-C19 0.085 Unch 180 1.110 1.000 1.58 29/04/2016 0.150 0.040 0.055 0.050 514820 UEMS-C20 0.055 Unch 2280 1.110 1.000 4.95 18/07/2016 0.115 0.085 0.100 0.100 514827 UEMS-C27 0.100 -0.005 700 1.110 0.980 9.91 30/09/2016 0.085 0.065 0.075 0.075 514828 UEMS-C28 0.075 -0.005 1400 1.110 1.050 14.86 28/11/2016 0.120 0.050 0.055 0.050 5243C3 UMWOG-C3 0.055 -0.005 1322.1 0.940 1.070 22.61 31/10/2016 0.110 0.065 0.070 0.070 5243C4 UMWOG-C4 0.070 0.005 150 0.940 1.020 30.85 30/11/2016 0.105 0.005 0.005 0.005 5243CW UMWOG-CW 0.005 Unch 100 0.940 2.200 135.64 30/06/2016 0.075 0.005 0.015 0.005 5243CY UMWOG-CY 0.015 0.005 391.8 0.940 1.600 75.00 29/07/2016 0.250 0.090 0.115 0.110 7091WA UNIMECH-WA 0.115 Unch 40.2 1.210 1.500 33.47 18/09/2018 0.155 0.010 0.015 0.015 5005CH UNISEM-CH 0.015 -0.005 50 2.310 2.280 1.95 28/04/2016 0.225 0.005 0.015 0.015 0120WA VIS-WA 0.015 Unch 10 0.190 0.250 39.47 01/09/2016 0.140 0.011 0.140 0.125 0069WB VIVOCOM-WB 0.140 0.015 49111.6 0.310 0.240 22.58 07/09/2018 0.230 0.022 0.230 0.200 0069WC VIVOCOM-WC 0.230 0.025 20004.7 0.310 0.100 6.45 22/01/2020 0.320 0.080 0.200 0.200 7240WA VOIR-WA 0.200 Unch 13.5 0.730 0.500 -4.11 31/03/2024 0.175 0.060 0.075 0.070 6963CA VS-CA 0.075 0.005 50 1.250 1.380 28.40 28/10/2016 0.120 0.020 0.025 0.025 6963CD VS-CD 0.025 Unch 1899.5 1.250 1.600 34.80 29/07/2016 0.075 0.065 0.065 0.065 6963CF VS-CF 0.065 Unch 20 1.250 1.300 22.20 30/09/2016 0.180 0.015 0.045 0.040 0066WA VSOLAR-WA 0.045 0.005 1089 0.095 0.120 73.68 01/12/2017 0.515 0.290 0.320 0.305 6963WA VS-WA 0.315 Unch 3915.1 1.250 1.650 57.20 06/01/2019 0.165 0.125 0.150 0.145 9679CX WCT-CX 0.145 -0.005 133.7 1.730 1.600 9.25 30/12/2016 0.290 0.100 0.275 0.265 9679WD WCT-WD 0.275 0.005 1068 1.730 1.710 14.74 11/12/2017 0.280 0.130 0.225 0.220 9679WE WCT-WE 0.225 Unch 6520.3 1.730 2.080 33.24 27/08/2020 0.345 0.015 0.020 0.015 0141WA WINTONI-WA 0.020 Unch 745.3 0.030 0.100 300.00 23/02/2019 0.045 0.010 0.015 0.010 5156WC XDL-WC 0.015 0.005 71.7 0.050 0.115 160.00 02/07/2018 0.030 0.015 0.015 0.015 0095WA XINGHE-WA 0.015 Unch 650 0.055 0.100 109.09 22/03/2019 0.135 0.025 0.030 0.025 5155WA XINQUAN-WA 0.030 Unch 593.8 0.265 1.000 288.68 24/06/2019 0.065 0.040 0.045 0.040 0165WA XOX-WA 0.045 0.005 130.7 0.130 0.200 88.46 10/02/2019 1.100 0.200 0.465 0.400 7003WA Y&G-WA 0.465 -0.135 40 1.140 1.000 28.51 16/11/2019 0.100 0.025 0.040 0.040 7020WB YKGI-WB 0.040 Unch 806.5 0.245 0.500 120.41 28/05/2020 0.195 0.085 0.185 0.185 4677C2 YTL-C2 0.185 Unch 50 1.660 1.500 1.51 31/05/2016 0.020 0.005 0.005 0.005 6742CR YTLPOWR-CR 0.005 -0.010 7 1.490 1.680 13.26 28/04/2016 0.120 0.055 0.065 0.065 6742CS YTLPOWR-CS 0.065 0.005 82 1.490 1.480 5.87 30/08/2016 0.500 0.330 0.380 0.380 6742WB YTLPOWR-WB 0.380 Unch 57 1.490 1.140 2.01 11/06/2018 0.270 0.110 0.120 0.120 2283WA ZELAN-WA 0.120 -0.005 6.1 0.212 0.250 74.53 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

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

HSI-C17 0.190 0.125 0.175 25286.7SHCHAN 0.600 0.450 0.550 11.4KLK-CX 0.110 0.110 0.110 40SKPETROC24 0.055 0.045 0.050 3160.1HSI-C30 0.340 0.295 0.340 87.5ARMADA-C14 0.040 0.035 0.035 50PANPAGE 0.290 0.280 0.290 100.9ARMADA 0.760 0.725 0.740 43645.1HSI-C34 0.985 0.880 0.985 70CHINA50-CH 0.325 0.325 0.325 30HSI-C16 0.020 0.010 0.020 962.4ASDION-WB 0.150 0.140 0.150 29CHINA50-CF 0.115 0.110 0.115 317.3GENTINGC29 0.175 0.175 0.175 65

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.

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

STOCK HIGH LOW CLOSE VOLUME (RM) (RM) (RM) ('000)

EDGENTA-CG 0.160 0.135 0.135 737.8TENAGA-C25 0.290 0.290 0.290 60.7SUPERMX-C16 0.115 0.110 0.115 1113.2TENAGA-C22 0.570 0.570 0.570 152AZRB-WA 0.375 0.350 0.360 1928PRESBHD-CD 0.195 0.195 0.195 25AZRB 0.775 0.745 0.755 13558.8MAYBANKC18 0.320 0.320 0.320 200AASIA 1.880 1.740 1.850 763.8TM-C12 0.165 0.165 0.165 10CYPARK 2.070 2.010 2.050 687.4ECONBHD 1.330 1.250 1.320 4473PMHLDG 0.345 0.320 0.335 1463.2VIVOCOM-WC 0.230 0.200 0.230 20004.7

AEON CO (M) (47,700) EMPLOYEES PROVIDENT FUND BOARD 117,467,900 4/4AFFIN HOLDINGS (102,800) EMPLOYEES PROVIDENT FUND BOARD 147,272,960 31/3ALLIANCE FINANCIAL GROUP 289,000 EMPLOYEES PROVIDENT FUND BOARD 254,085,440 4/4AMMB HOLDINGS 381,400 EMPLOYEES PROVIDENT FUND BOARD 456,718,437 4/4BERJAYA AUTO 494,500 EMPLOYEES PROVIDENT FUND BOARD 76,030,920 4/4BIMB HOLDINGS 367,800 EMPLOYEES PROVIDENT FUND BOARD 205,675,901 4/4BRITISH AMERICAN TOBACCO (M) 49,500 EMPLOYEES PROVIDENT FUND BOARD 19,910,902 4/4BUMI ARMADA (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 452,351,500 4/4BURSA MALAYSIA 46,100 EMPLOYEES PROVIDENT FUND BOARD 37,036,694 4/4CAHYA MATA SARAWAK 100,000 EMPLOYEES PROVIDENT FUND BOARD 105,778,727 4/4CIMB GROUP HOLDINGS (2,387,217) MITSUBISHI UFJ FINANCIAL GROUP INC. 818,414,637 31/3 & 1/4 (JAPAN)CIMB GROUP HOLDINGS (7,400,100) EMPLOYEES PROVIDENT FUND BOARD 1,282,523,621 31/3 & 1/4DIALOG GROUP (550,000) CHAN YEW KAI 29,426,467 4 & 7/4DIGI.COM (2,500,000) EMPLOYEES PROVIDENT FUND BOARD 945,847,040 31/3 & 4/4FRONTKEN CORPORATION (313,700) OOI KENG THYE 140,488,600 1,4,5,6 & 7/4GOLDIS 530,400 TAN CHIN NAM S/B 261,922,410 4, 5 & 6/4HARTALEGA HOLDINGS (432,500) EMPLOYEES PROVIDENT FUND BOARD 125,988,800 4/4HEKTAR REAL ESTATE INVEST TRUST (25,249,000) HEKTAR PREMIER S/B 59,851,000 31/3HEKTAR REAL ESTATE INVEST TRUST 25,249,000 HEKTAR BLACK S/B 100,774,000 31/3HONG LEONG BANK (360,000) EMPLOYEES PROVIDENT FUND BOARD 288,387,871 4/4IGB REAL ESTATE MANAGEMENT 270,000 EMPLOYEES PROVIDENT FUND BOARD 229,489,213 4/4TRUSTIHH HEALTHCARE 1,379,400 EMPLOYEES PROVIDENT FUND BOARD 730,545,700 4/4IJM CORPORATION (1,383,500) EMPLOYEES PROVIDENT FUND BOARD 481,947,678 4/4IOI CORPORATION 141,900 EMPLOYEES PROVIDENT FUND BOARD 477,096,073 4/4IOI PROPERTIES GROUP (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 316,373,886 4/4KNM GROUP (6,931,300) EMPLOYEES PROVIDENT FUND BOARD 116,201,820 4/4KUALA LUMPUR KEPONG (223,900) EMPLOYEES PROVIDENT FUND BOARD 127,178,688 4/4MALAKOFF CORPORATION (3,000,000) EMPLOYEES PROVIDENT FUND BOARD 831,257,733 1/4MALAYAN BANKING (2,139,000) EMPLOYEES PROVIDENT FUND BOARD 1,432,316,783 4/4MAXIS (96,000) EMPLOYEES PROVIDENT FUND BOARD 608,569,400 4/4MICROLINK SOLUTIONS 50,000 MONTEIRO GERARD CLAIR 96,629,143 4/4MISC (1,212,400) EMPLOYEES PROVIDENT FUND BOARD 306,546,511 31/3, 1 & 4/4MMC CORPORATION (500,000) EMPLOYEES PROVIDENT FUND BOARD 169,158,800 4/4PETRONAS GAS (290,700) EMPLOYEES PROVIDENT FUND BOARD 233,721,000 1 & 4/4PPB GROUP (143,800) EMPLOYEES PROVIDENT FUND BOARD 84,978,879 4/4PUBLIC BANK 1,144,700 EMPLOYEES PROVIDENT FUND BOARD 525,278,668 4/4RAYA INTERNATIONAL 332,300 WATER BEAUTE WORLD 15,003,400 4 & 5/4REACH ENERGY 1,722,300 LEMBAGA TABUNG HAJI 64,964,400 29/3, 1 & 4/4RHB CAPITAL (215,600) EMPLOYEES PROVIDENT FUND BOARD 1,284,194,268 4/4S P SETIA (307,900) EMPLOYEES PROVIDENT FUND BOARD 158,452,698 4/4SHELL REFINING COMPANY (76,000) EMPLOYEES PROVIDENT FUND BOARD 31,486,747 4/4(FEDERATION OF MALAYA)SIME DARBY (1,118,100) EMPLOYEES PROVIDENT FUND BOARD 768,761,209 1 & 4/4SONA PETROLEUM 1,465,400 CREDIT SUISSE SECURITIES (EUROPE) 182,065,300 4/4 LTD, UKSPRING GALLERY (3,730,400) INNOFARM SDN 14,632,400 28/3SYARIKAT TAKAFUL MALAYSIA (230,000) EMPLOYEES PROVIDENT FUND BOARD 87,303,800 4/4TA ANN HOLDINGS (34,400) EMPLOYEES PROVIDENT FUND BOARD 29,420,982 4/4TAMBUN INDAH LAND (100,100) EMPLOYEES PROVIDENT FUND BOARD 22,433,400 4/4TANAH MAKMUR (99,200) DATO’ SRI TENGKU UZIR TENGKU DATO’ 46,292,858 6/4 UBAIDILLAHTELEKOM MALAYSIA (1,800,200) EMPLOYEES PROVIDENT FUND BOARD 533,568,936 4/4TIGER SYNERGY 225,600 DATIN SEK CHIAN NEE 326,818,100 4 & 5/4TIME DOTCOM (289,800) EMPLOYEES PROVIDENT FUND BOARD 32,311,200 4/4UMW HOLDINGS 1,789,100 EMPLOYEES PROVIDENT FUND BOARD 206,185,493 31/3, 1 & 4/4UNITED MALACCA (82,000) MITSUBISHI UFJ FINANCIAL GROUP INC. 30,236,050 1/4 (JAPAN) UOA DEVELOPMENT 1,933,200 EMPLOYEES PROVIDENT FUND BOARD 97,765,800 4/4WCT HOLDINGS (3,000,000) WCT CAPITAL SDN 245,718,472 7/4WELLCALL HOLDINGS 477,800 MONDRIAN INVEST PARTNERS LTD, UK 18,767,800 31/3WESTPORTS HOLDINGS (500,000) EMPLOYEES PROVIDENT FUND BOARD 178,432,100 4/4WZ SATU 97,000 DATO’ SRI TENGKU UZIR TENGKU DATO’ 80,278,936 7/4 UBAIDILLAHYINSON HOLDINGS (31,200) EMPLOYEES PROVIDENT FUND BOARD 113,919,000 4/4YONG TAI 1,850,000 BOO KUANG LOON 15,037,800 4/4

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

Insider moves (Filings on Apr 7, 2016)

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook.

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

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.

Israel’s banking reform

• Master Builders Association Malaysia is holding the 7th Malaysian Construction Summit 2016, at Kuala Lumpur Conven-tion Centre, Kuala Lumpur at 8am.

• Human Life Advancement Foundation is

organising a forum on Nation Building. Foundation chairman Tun Dr Mahathir Mohamad will speak at the forum in the Islamic Art Museum,Jalan Lembah Per-dana, Kuala Lumpur at 9:30am.

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 $ 0.597 0.681 0.649 0.482 0.884 0.918 0.919 0.901 2.6593 4.401 53.288 4.446 2.501 8,948 45.315 73.569 5.609 31.374 2.480 2.553 5.551 23.896 5.283

EURO 1.674 1.140 1.086 0.807 1.480 1.537 1.539 1.508 4.4529 7.370 89.229 7.444 4.188 14,983 75.878 123.189 9.392 52.534 4.152 4.275 9.294 40.013 8.846

US $ 1.468 0.877 0.953 0.708 1.298 1.348 1.349 1.323 3.9050 6.463 78.250 6.528 3.673 13,139 66.542 108.031 8.237 46.070 3.641 3.749 8.151 35.090 7.758

SWISS FR 1.541 0.920 1.050 0.743 1.362 1.415 1.416 1.388 4.0984 6.783 82.125 6.852 3.854 13,790 69.837 113.381 8.645 48.352 3.822 3.935 8.554 36.828 8.142

STERLING £ 2.075 1.239 1.413 1.346 1.834 1.904 1.907 1.869 5.5174 9.131 110.560 9.224 5.189 18,565 94.017 152.638 11.638 65.093 5.145 5.297 11.516 49.579 10.961

CANADA $ 1.131 0.676 0.770 0.734 0.545 1.038 1.040 1.019 3.0085 4.979 60.286 5.030 2.829 10,123 51.265 83.230 6.346 35.493 2.805 2.889 6.279 27.034 5.977

BRUNEI $ 1.089 0.651 0.742 0.707 0.525 0.963 1.001 0.981 2.8973 4.795 58.057 4.844 2.725 9,749 49.370 80.153 6.111 34.182 2.702 2.782 6.047 26.035 5.756

SINGAPORE $ 1.088 0.650 0.741 0.706 0.524 0.962 0.999 0.980 2.8937 4.789 57.985 4.838 2.721 9,737 49.309 80.054 6.104 34.139 2.698 2.778 6.040 26.003 5.749

AUSTRALIA $ 1.110 0.663 0.756 0.720 0.535 0.981 1.019 1.020 2.9526 4.887 59.165 4.936 2.777 9,935 50.313 81.683 6.228 34.834 2.753 2.835 6.163 26.532 5.866

MALAYSIA RM 0.376 0.225 0.256 0.244 0.181 0.332 0.345 0.346 0.339 1.0000 1.655 20.038 1.672 0.940 3,365 17.040 27.665 2.109 11.798 0.932 0.960 2.087 8.986 1.987

100 CHINESE RMB 22.721 13.569 15.473 14.743 10.951 20.084 20.855 20.881 20.464 60.4230 1,211 101.013 56.827 203,308 1,029.616 1,672 127.448 712.855 56.343 58.014 126.118 542.957 120.035

100 BANGLAD’H TAKA 1.877 1.121 1.278 1.218 0.904 1.659 1.722 1.725 1.690 4.9904 8.259 8.343 4.693 16,791 85.037 138.059 10.526 58.876 4.653 4.791 10.416 44.844 9.914

100 DANISH KRONER 22.494 13.433 15.318 14.595 10.842 19.883 20.646 20.671 20.259 59.8170 99.00 1,199 56.257 201,269 1,019.29 1,655 126.17 705.71 55.78 57.43 124.85 537.51 118.83

100 UAE DIRHAM 39.983 23.878 27.229 25.944 19.271 35.342 36.699 36.745 36.012 106.3279 175.97 2,131 177.76 357,765 1,812 2,942 224.27 1,254 99.15 102.09 221.93 955.46 211.23

1000 INA RUPIAH 0.112 0.067 0.076 0.073 0.054 0.099 0.103 0.103 0.101 0.2972 0.492 5.955 0.497 0.280 5.064 8.222 0.627 3.506 0.277 0.285 0.620 2.671 0.590

100 INDIA RUPEE 2.207 1.318 1.503 1.432 1.064 1.951 2.026 2.028 1.988 5.8685 9.712 117.595 9.811 5.519 19,746 162.351 12.378 69.235 5.472 5.635 12.249 52.734 11.658

100 JAPAN YEN 1.359 0.812 0.926 0.882 0.655 1.201 1.248 1.249 1.224 3.6147 5.982 72.433 6.043 3.400 12,163 61.595 7.624 42.645 3.371 3.471 7.545 32.481 7.181

100 NORWEGIAN KRONER 17.828 10.647 12.141 11.568 8.593 15.759 16.364 16.384 16.057 47.4100 78.463 950 79.258 44.588 159,522 807.873 1,312 559.331 44.208 45.520 98.956 426.023 94.184

100 PHILIPPINE PESO 3.187 1.904 2.171 2.068 1.536 2.817 2.926 2.929 2.871 8.4762 14.028 169.849 14.170 7.972 28,520 144.436 234.492 17.879 7.904 8.138 17.692 76.167 16.839

100 QATAR RIYAL 40.327 24.084 27.463 26.167 19.437 35.646 37.014 37.060 36.321 107.2419 177.485 2,149 179.283 100.860 360,841 1,827 2,967 226.201 1,265 102.966 223.840 963.669 213.045

100 SAUDI RIYAL 39.165 23.390 26.672 25.413 18.877 34.620 35.948 35.993 35.275 104.1528 172.373 2,087 174.119 97.954 350,447 1,775 2,881 219.685 1,229 97.120 217.393 935.911 206.908

100 SWEDISH KRONOR 18.016 10.759 12.269 11.690 8.683 15.925 16.536 16.557 16.226 47.9100 79.291 960.040 80.094 45.059 161,205 816.393 1,325 101.055 565.230 44.675 46.000 430.516 95.177

100 THAI BAHT 4.185 2.499 2.850 2.715 2.017 3.699 3.841 3.846 3.769 11.1285 18.418 222.997 18.604 10.466 37,444 189.631 307.868 23.473 131.291 10.377 10.685 23.228 22.108

100 HK$ 18.929 11.304 12.891 12.282 9.123 16.732 17.374 17.396 17.049 50.3377 83.309 1,008.688 84.153 47.342 169,373 857.761 1,393 106.175 593.871 46.938 48.331 105.067 452.332

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

2 7


Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

APR 16 22 3.34 5.83 -2.49MAY 16 54 8.44 12.55 -4.11ROLL’S FAIR -1.63

FUTURES ROLL OVER BID OFFER CLOSE

APR/MAY -4.5 -5.5 -4.5

INDEX AND FUTURES OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

FBMKLCI 1,718.40 -5.89 160.9M APR 16 1,710.00 -7.50 6,381 40,219 679MAY 16 1,704.00 -8.00 152 294 -18JUN 16 1,702.00 -6.00 39 400 2SEP 16 1,691.50 -7.00 3 81 4TOTAL 6,575 40,994 667

Money market

Commodities

APR/MAY -7APR/JUN -21APR/JUL -11MAY/JUN -14

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -60.703 MONTHS AVERAGE -79.206 MONTHS AVERAGE -84.30

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

APR-16 2,658 -21 283 3,627 -355MAY-16 2,665 -31 1,354 14,657 -571JUN-16 2,679 -31 15,813 86,288 513JUL-16 2,669 -28 7,605 61,789 1,461AUG-16 2,643 -26 2,223 32,318 538

Palm oil falls for fourth session in a row tracking rival oils

CPO prices react to various factors including soyoil prices, weather conditions and stockpiles. Open interest shows either increasing or decreasing market participation.

Oil prices jump 6% on US stockpile draws, Keystone

METAL & PRECIOUS METALSTIN US$/TON KLTM 16,750 50COPPER USC/IBS CMX 2.0955 0.01GOLD US$/TROY OZ CMX 1,243.10 6.40PLATINUM US$/TROY OZ NYMEX 968.00 14.90PALLADIUM US$/TROY OZ NYMEX 539.50 4.80SILVER USC/TROY OZ CMX 15.38 0.23ALUMINIUM RMB/TON SHF 11,740 75ZINC RMB/TON SHF 14,090 110

ENERGYLIGHT CRUDE OIL US$/BBL NYMEX 39.72 2.46HEATING OIL USC/GAL NYMEX 1.2113 0.0716NATURAL GAS US$/MMBTU NYMEX 2.077 -0.024BRENT CRUDE US$/BBL ICE 41.94 2.51GAS OIL US$/TON ICE 354.75 31.25

CRUDE PALM OIL RM/TON MDEX 2,679 -31RUBBER SEN/KG MRB 549.00 9.50CORN USC/BSH CBOT 362.25 0.75SOYBEANS USC/BSH CBOT 916.75 12.25WHEAT USC/BSH CBOT 460.25 3.25LIVE CATTLE USC/IBS CME 124.125 1.900COCOA US$/TON NYBOT 2,886 14COFFEE USC/IBS NYBOT 122.55 0.60SUGAR USC/IBS NYBOT 14.90 0.29COTTON USC/IBS NYC 59.60 1.03

AGRICULTURE UNIT EXCHANGE LAST PRICE CHANGE

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 Apr 8, 2016

200

575

950

1325

1700

549.00(+9.50)

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

1 - 10TH DAYS1- 15TH DAYS1 - 20TH DAYS1 - 25TH DAYSFULL MONTH

JAN’16 FEB’16 MAR’16

322/323 197/250 308/328 489/487 420/408 416/451 666/667 582/595 718/713 931/925 781/788 883/887 1,149/1,145 956/943 1,168/1,175

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1220

1410

1600

1790

1980

Apr 8, 2016

1,710.00(-7.50)

Klibor

Implied interest rate (%)

Oct 1, 2000 Apr 8, 2016

3.65(Unch)

1.5

2.5

3.5

4.5

Centrifuged Latex

Sen/Kg

Jan 7, 2007

456.00(+7.00)

Apr 8, 2016

300

500

700

900

1100

CPO futures

FBM KLCI futures

APR6 96.31 — — —MAY6 96.32 — — —JUN6 96.35 — — —SEP6 96.35 — — —DEC6 96.35 — — —MAR7 96.35 — — —JUN7 96.30 — — —SEP7 96.26 — — —DEC7 96.21 — — —MAR8 96.21 — — —JUN8 96.21 — — —SEP8 96.21 — — —DEC8 96.21 — — —MAR9 96.21 — — —JUN9 96.21 — — —SEP9 96.21 — — —DEC9 96.21 — — —MAR0 96.21 — — —JUN0 96.21 — — —SEP0 96.21 — — —DEC0 96.21 — — —MAR1 96.21 — — —TOTAL 0 0

MONTH SETTLEMENT CHANGE VOLUME OPEN PRICE INTEREST

Klibor

Malaysian palm oil futures fell last Friday evening in line with competing vegetable oils, marking a fourth consecutive session of losses last week. Futures were rangebound earlier in the day pending offi cial government data from the Malaysian Palm Oil Board (MPOB), which is scheduled to release March data today. Palm oil end-stocks in March are seen dipping below the two-million-tonne mark for the fi rst time in a year, a Reuters survey showed, declining 10.3% from a month earli-er to 1.95 million tonnes. Output, however, is forecast to come in at the weakest for the month since 2007. Th e palm oil contract for June delivery on Bursa Malaysia Derivatives dropped 1.1% to reach RM2,679 per tonne at the close of trade, an intraday and two-week low. “Th ere’s no excitement over external mar-kets as the Dalian [Commodity Exchange]is in down-trading range,” said a trader at a bro-kerage fi rm in Kuala Lumpur. “Th e market is waiting for new leads pending the MPOB re-port. Th at’s why volume was light last Friday.” Th e trader later said the market saw some technical selling after breaking immediate support at RM2,700. Palm oil may fall to RM2,629 per tonne as it has gotten out of a neutral range of RM2,716 to RM2,776, according to Wang Tao, a Reuters market analyst for commod-ities and energy technicals. — Reuters

NOV’15 DEC’15 JAN’16 FEB’16

1,653 1,399 1,130 1,043 1,499 1,483 1,279 1,085 2,908 2,631 2,308 2,169

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 597 19.00% 571 18.00% 545SOUTH 20.00% 604 19.00% 578 18.00% 551CENTRAL 20.00% 603 19.00% 577 18.00% 550EAST COAST 20.00% 599 19.00% 573 18.00% 547SABAH 22.00% 582 21.00% 558 20.00% 534SARAWAK 22.00% 591 21.00% 565 20.00% 541

REGION GRADE A GRADE B GRADE C OER (RM/TON) OER (RM/TON) OER (RM/TON)

(IN RM/TON) APR’2016 MAY’2016 JUN’2016

CPO DELD 2,660 2,685 2,695PK EX-MILL 2,360 2,380 2,400CPKO DELD 4,935 4,960 4,960RBD P.OIL FOB 2,738 2,757 2,757RBD P.OLEIN FOB 2,757 2,769 2,777RBD P.STEARIN FOB 2,592 2,600 2,600

MPOB Palm oil physical

Oil prices rose more than 6% last Friday to end with the biggest weekly gain in a month as drawdowns in US crude stockpiles fed hopes that a punishing global oversupply may be ap-proaching a tipping point after nearly two years. Th e shutdown of the Keystone crude pipe-line to Cushing, Oklahoma supported US crude futures. Oil also drew support after Rus-sia said its crude output had fallen in April, ahead of a meeting of major oil-producing countries in Doha aimed at freezing output. US gasoline and diesel prices rallied more than 5% each. US crude has mostly gained this year from cheap gasoline pump prices and benign driving weather. Ultra low sulfur diesel, also known as heating oil, rebounded last week on forecasts for seasonably cold weather through late April. US Brent settled up US$2.51 at US$41.94 a barrel. US crude futures closed up US$2.46 at US$39.72. — Reuters

Commodities

dovish minutes of the US Federal Open Market Committee meeting also sapped sentiment. — Agencies

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 Apr 8, 2016

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

(-31)2,679

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 Apr 8, 2016

2,956(RM0.3438/tonne)

2,679(-31) 0.0000

0.1825

0.3650

0.5475

0.7300

1200

2500

3800

5100

6400

Th e yen retreated broadly last Friday after posting gains last week, weighed by warn-ings overnight from Japan’s fi nance minister of possible intervention by the government to weaken the currency. Gains in global stock markets and oil prices also bolstered the market’s appetite for risk, diminishing the appeal of the safe-haven yen. Th e yen surged as much as 2% against the US dollar last Th ursday. Japanese Finance Minister Taro Aso responded early last Friday by warning that rapid currency moves were “undesirable”, and the yen’s moves were “one-sided”. That is language that Tokyo has used in the past to flag intervention. The yen has rallied to 17-month highs against the US dollar, but inves-tors expect Japanese policymakers to hold fire on a rate decision at least until after this week’s Group of Twenty meetings in Washington. — Reuters

Yen slips as fi nance minister warns of intervention

Th e FBM KLCI futures contract on Bursa Malaysia Derivatives fi nished lower last Fri-day, in line with the underlying cash market. Last Friday, the benchmark FBM KLCI ended 5.89 points lower at 1,718.4. April 2016 decreased 7.5 points to 1,710; May 2016 reduced eight points to 1,704; June 2016 fell six points to 1,700; and September 2016 was down seven points at 1,691.5. Turnover rose to 6,575 lots from last Th ursday’s 6,386 lots, while open interest expanded 40,994 contracts from 40,152 con-tracts previously. Bursa Malaysia erased last Th ursday’s gains to end easier last Friday on renewed worries over the global economy, which was battered by falling crude oil prices, dealers said. A Kuala Lumpur-based dealer said the

FBM KLCI futures end lower in line with weaker cash market

Crude Oil

US$/bbl

Apr 10, 2007 Apr 8, 2016

39.72(+2.46)

20.00

53.75

87.50

121.25

155.00

Gold

US$/troy oz

Aug 31, 2008 Apr 8, 2016

1,243.10(+6.40)

700

1020

1340

1660

1980

Long Rolls - KLCI futures

Index points

Jan 4, 2010 Apr 8, 2016

-4.50(+1.00)

-35.00

-21.75

-8.50

4.75

18.00

US Dollar

USD Index

Oct 2, 2006

71.00

78.75

86.50

94.25

102.00

Apr 8, 2016

94.235(-0.247)


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 2 7

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 2 6

G L O BA L M A R K E T S PA G E 2 5

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 1RESEARCH: TAI TS [[email protected]; SUGUMARAN [[email protected]]

CONTRACT SETTLEMENT CHANGE HIGH

APR 16 1,710.00 -7.50 MAY 16 1,704.00 -8.00JUN 16 1,702.00 -6.00

KUALA LUMPUR: Th e FBM KLCI stayed in the red, erasing gains from last Th ursday to close 0.34% lower, in line with regional markets as US equities saw a lower overnight close. Last Friday, the benchmark index contracted 5.89 points to close at 1,718.4. On a week-on-week basis, however, the FBM KLCI gained 0.46% compared to its closing of 1,710.55 points on April 1. Inter-Pacifi c Securities Sdn Bhd head of research Pong Teng Siew said the market last Friday was generally infl u-enced by the weaker close in developed markets. “For the FBM KLCI, the market is generally infl uenced by the poor close in most developed markets. Th is could be due to the renewed worries on Europe’s banking sector,” Pong said, noting the decline in European bank stocks last Th ursday. Going forward, he said the FBM KLCI will still be driven by foreign buying but added that buying activity has tapered down slightly. “Th e main reason behind the index’s inability to break the 1,730 resistance level could be attributed to the easing in buying by these foreign funds,” he added. Across the board, a total of 1.44 billion shares, valued at RM1.82 billion, were traded. Decliners outnumbered gain-ers at 435 against 365, while 387 counters were unchanged. Blue chip counters, such as British American Tobacco (Malaysia) Bhd and Public Bank Bhd, were among top declin-ers, while the gainers were led by Panasonic Manufacturing Malaysia Bhd. Th e most actively traded stock was Vivocom International Holdings Bhd. — by Ahmad Naqib Idris

FBM KLCI erases previous gains, closes 0.34% lower

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)HONG LEONG FINANCE 0.27 0.140 15.340 98.1IOI CORPORATION 0.22 0.020 4.510 6054.8SAPURA-KENCANA 0.20 0.020 1.820 12484.5YTL CORPORATION 0.18 0.010 1.660 7389.9MAYBANK 0.16 0.010 9.130 13174.8AXIATA GROUP -0.15 -0.010 5.860 3816.9DIGI.COM -0.26 -0.020 4.770 7337.5BRITISH AMERICAN TOBACCO -0.27 -0.560 55.120 143.3AMMB HOLDINGS -0.30 -0.060 4.400 2743.9MISC BERHAD -0.37 -0.050 8.880 2422.4TENAGA NASIONAL -0.38 -0.040 14.380 13016.1CIMB GROUP -0.43 -0.030 4.820 7641.6SIME DARBY -0.53 -0.050 7.850 4113.6GENTING -0.57 -0.090 9.170 4771.3PUBLIC BANK -1.04 -0.160 19.200 9006.0MAXIS BERHAD -1.89 -0.150 6.130 6508.9SUB-TOTAL -5.16 OTHERS -0.73 GRAND TOTAL -5.89

1,713.50 1,706.00 1,708.00 1,701.50 1,702.50 1,697.00

Market movers

DOW JONES 17,576.96 35.00S&P 500 2,047.60 5.69NASDAQ 100 4,474.93 -0.36FTSE 100 6,204.41 67.52AUSTRALIA 4,937.62 -26.46CHINA 2,984.96 -23.46HONG KONG 20,370.40 104.35INDIA 24,673.84 -11.58

INDONESIA 4,846.70 -20.58JAPAN 15,821.52 71.68KOREA 1,972.05 -1.84PHILIPPINES 7,247.20 14.23SINGAPORE 2,808.32 -5.27TAIWAN 8,541.50 51.25THAILAND 1,369.64 12.95VIETNAM 572.34 0.74

CLOSE CHANGE CLOSE CHANGE

World equity indices

“Rank does not confer privilege or give power. It imposes responsibility. — Peter Drucker

VIVOCOM 109,105.4 0.015 5.08 0.310 70.24 0.00VIVOCOM-WB 49,111.6 0.015 12.00 0.140 — 0.00HHHCORP 44,938.8 0.010 10.00 0.110 — 0.00ARMADA 43,645.1 -0.020 -2.63 0.740 — 2.14BORNOIL 38,839.0 -0.005 -3.23 0.150 20.39 0.00EAH 27,596.9 0.020 22.22 0.110 — 0.00HSI-C17 25,286.7 0.010 6.06 0.175 — 0.00MAYBULK 24,319.5 0.015 1.65 0.925 — 1.10BORNOIL-WC 21,417.4 -0.005 -5.26 0.090 — 0.00AIRASIA 21,187.4 UNCH UNCH 1.890 9.73 2.12VIVOCOM-WC 20,004.7 0.025 12.20 0.230 — 0.00VIVOCOM-WD 18,913.5 0.025 12.20 0.230 — 0.00EKA 15,925.0 UNCH UNCH 0.135 — 0.00DNONCE 15,176.8 UNCH UNCH 0.200 166.67 0.00KANGER-WA 13,573.8 0.010 8.00 0.135 — 0.00AZRB 13,558.8 UNCH UNCH 0.755 15.93 2.65HSI-HT 13,428.6 -0.030 -18.18 0.135 — 0.00MAYBANK 13,174.8 0.010 0.11 9.130 12.66 6.25TENAGA 13,016.1 -0.040 -0.28 14.380 14.17 2.01SKPETRO 12,484.5 0.020 1.11 1.820 — 1.12

Daily top 20 active stocks

PANAMY 29.560 1.060LAFMSIA 9.200 0.360HARBOUR-WC 0.305 0.300DLADY 52.260 0.260KOSSAN 6.300 0.150HLFG 15.340 0.140LPI 15.720 0.140DKSH 4.000 0.130EKOVEST 1.200 0.120TECNIC 1.420 0.110HSI-H33 1.000 0.100TASEK 15.400 0.100

BAT 55.120 -0.560PHARMA 5.850 -0.400SCIENTX 13.040 -0.200AHEALTH 3.750 -0.200PBBANK 19.200 -0.160MSM 4.650 -0.150MAXIS 6.130 -0.150KAWAN-WA 2.450 -0.140Y&G-WA 0.465 -0.135HUATLAI 3.980 -0.120HSI-C28 1.720 -0.110BIPORT 6.700 -0.100

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by RM)

HARBOUR-WC 0.305 6000.00PARKSON-CO 0.010 100.00MALAKOF-CA 0.025 66.67XDL-WC 0.015 50.00UMWOG-CY 0.015 50.00EAH-WB 0.065 44.44AIRPORT-CO 0.090 38.46SUPERMX-C16 0.115 35.29EAH-WC 0.060 33.33FARMBES-WB 0.210 31.25EKOVEST-WB 0.415 29.69THETA-WA 0.045 28.57

DIGI-C8 0.020 -75.00MHB-CX 0.005 -66.67DSONIC-CH 0.005 -66.67YTLPOWR-CR 0.005 -66.67MAYBANKC13 0.005 -50.00FBMKLCI-C56 0.085 -43.33SKPETROC18 0.030 -40.00MRCB-C5 0.010 -33.33MAGNUM-CW 0.010 -33.33COASTAL-WA 0.010 -33.33MAXIS-CQ 0.010 -33.33ARMADA-C14 0.035 -30.00

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

HARBOUR-WC 0.305 6000.00PARKSON-CO 0.010 100.00MALAKOF-CA 0.025 66.67XDL-WC 0.015 50.00UMWOG-CY 0.015 50.00EAH-WB 0.065 44.44AIRPORT-CO 0.090 38.46SUPERMX-C16 0.115 35.29EAH-WC 0.060 33.33FARMBES-WB 0.210 31.25EKOVEST-WB 0.415 29.69THETA-WA 0.045 28.57

DIGI-C8 0.020 -75.00MHB-CX 0.005 -66.67DSONIC-CH 0.005 -66.67YTLPOWR-CR 0.005 -66.67MAYBANKC13 0.005 -50.00FBMKLCI-C56 0.085 -43.33SKPETROC18 0.030 -40.00MRCB-C5 0.010 -33.33MAGNUM-CW 0.010 -33.33COASTAL-WA 0.010 -33.33MAXIS-CQ 0.010 -33.33ARMADA-C14 0.035 -30.00

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

VIVOCOM-WB 49,112 12.00 0.015 0.140 0.140 0.125HHHCORP 44,939 10.00 0.010 0.110 0.115 0.100ARMADA 43,645 -2.63 -0.020 0.740 0.760 0.725EAH 27,597 22.22 0.020 0.110 0.115 0.090VIVOCOM-WC 20,005 12.20 0.025 0.230 0.230 0.200KEYASIC 9,523 2.50 0.005 0.205 0.210 0.205ARMADA-C11 9,500 0.00 0.000 0.020 0.020 0.015EAH-WC 7,225 33.33 0.015 0.060 0.065 0.045MAXIS 6,509 -2.39 -0.150 6.130 6.280 6.130KAWAN 5,156 -1.99 -0.070 3.450 3.520 3.450EAH-WB 4,675 44.44 0.020 0.065 0.065 0.045SCABLE 4,661 0.00 0.000 1.620 1.660 1.610EKOVEST 3,551 11.11 0.120 1.200 1.210 1.080EATECH 3,262 1.68 0.020 1.210 1.230 1.190SKPETROC24 3,160 -9.09 -0.005 0.050 0.055 0.045WTK 2,975 1.52 0.020 1.340 1.350 1.310

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.


IOI Corp suff ers another blow, loses big customers 3 H O M E B U S I N E S S

FINANCIALDAILY




FRIDAY APRIL 8, 2016 ISSUE 2142/2016




1 5 H O M E

1 6 H O M E

1 7 C O M M E N T

Swiss govt probing 1MDB, Petrobras

Recovery on BDI spurs interest in Maybulk

Maybank still keen on M&A to grow international portfolio

‘BN win in Sarawak poll highly likely’

‘Work harder on gender equality’

How bad is China’s debt problem?

FRIDAY, APRIL 8, 2016 . ISSUE 2142/2016

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

A PULLOUT EVERY FRIDAY WITH

PP 9974/08/2013 (032820)

Th eEdgeProperty.comO N L I N E + O F F L I N E

Allaboard

!Properties near LRT stations are sought

after by owner-occupiers, tenants and

investors alike thanks to the convenience

they off er. But not all stations are equal.

Longer commutes usually off er bigger

savings. Find out how to maximise your

time and money on TEP 10 and 11.

tep3 NEWS

Design Village Penang

targets earlier opening

date in November

tep12 DEALMAKERS

Avid property

investor turns

property

agent Buying or

Renting

a home?

Check the listings at

TheEdgeProperty.com!

tep8 FEATURE

MM2H applicants

down by half

tep4 NEWS

Is it still advisable

to invest in shoplots

and shopoffi ces?

Get your free copy of The Edge Property

pull-out inside.Download your

personal copy at TheEdgeProperty.com

EVERY FRIDAY!

A DAMNING REPORT ON 1MDBKEY PAC FINDINGS:• Board of Directors (BOD) did not approve billions in

payments to Good Star Ltd & Aabar Investments PJS

• In many instances, management went against BOD’s decisions and withheld critical information. BOD failed to exercise its duty.

• Former CEO Datuk Shahrol Halmi and other top executives must be investigated

• Auditors E&Y, KPMG sacked by BOD and shareholder Minister of Finance Inc for refusing to sign off on 1MDB’s accounts because 1MDB could not provide critical documents

• Terengganu Investment Authority (TIA) proceeded with RM5 billion bond via AmBank on advice of advisor Jho Low & despite objections of the state and palace

Reports on Pages 2, 6-10

1,718.40 5.89 5,707.29 61.31 2,808.32 5.27 15,821.52 71.68 20,370.40 104.35 17,576.96 35.00 1,718.40 5.89 5,707.29 61.31 2,808.32 5.27 15,821.52 71.68 20,370.40 104.35 17,576.96 35.0 KLCI FBM ACE FTSTI NIKKEI HANG SENG DOW JONES 1,718.40 5.89 5,707.29 61.31 2,808.32 5.27 15,821.52 71.68 20,370.40 104.35 1,718.40 5.89 5,707.29 61.31 2,808.32 5.27 15,821.52 71.68 20,370.40 104.35

Moving average - 20-dayKL Composite Index

Volume (’mil)

Jan 2, 2008 Apr 8, 2016

1,718.40(-5.89)

1,712.88

820.0

1102.5

1385.0

1667.5

1950.0

0

300

600

900

1706.0

1707.4

1708.8

1710.2

1711.6

1713.0

1714.4

1715.8

1717.2

1718.6

1720.0

17:1516:3015:3014:3012:4511:3010:309:308:45

Index point

KL Composite Index

KLCI futures

1,710.00 (-7.50)

1,718.4(-5.89)

Documents

MONDAY APRIL 11, 2016 ISSUE 2143/2016 …tefd.theedgemarkets.com/2016/TEP/20160411ar865g.pdfON EDGE TV Friday Takeaway: What a week, what a lovely week ... sard of the PAC hearings