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 FBM KLCI 1596.28 3.21 KLCI FUTURES 1589.50 2.50 STI 3158.80 8.04 RM/USD 4.1900 CPO RM2243.00 17.00 OIL US$65.00 1.40 GOLD US$1501.20 7.90
PP 9974/08/2013 (032820)
PENINSULAR MALAYSIA RM2.00

FRIDAY SEPTEMBER 20, 2019 ISSUE 2971/2019

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for secret missions
S T O RY O N PA G E 5

8 HOME BUSINESS

Syed Mokhtar buys

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Altima — sources GREEN LIGHT
9 HOME BUSINESS

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10 H O M E B U S I N E S S Minister’s endorsement
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Development 3Q ‘demonstrated results’ and amid
earnings jump 81% plans to liberalise power sector.
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Global economy seen
sliding towards weakest
growth in decade
Govts are not doing enough to prevent long-term damage — OECD
BY W ILLIAM HOROBI N
PARIS: Intensifying trade conflicts
have sent global growth momentum
tumbling towards lows last seen
during the financial crisis, and gov-
ernments are not doing enough
to prevent long-term damage, the
Organisation for Economic Coop-
eration and Development (OECD)
said in its latest outlook.
The Paris-based organisation
cut almost all economic forecasts it
made just four months ago, as pro-
tectionist policies take an increas-
ing toll on confidence and invest-
ment, and risks continue to mount
on financial markets. It sees world
Khazanah divests stake in
Indonesia toll concession to CPPIB
BY CHESTER TAY
KUALA LUMPUR: Khazanah Na-
sional Bhd is divesting its entire
55% stake in PT Lintas Marga Se-
daya (LMS), the concession hold-
er and operator of Indonesia’s
Cikopo-Palimanan (Cipali) toll
road, to the Canada Pension Plan
Investment Board (CPPIB) and PT
Astra Tol Nusantara (Astra Infra).
The 55% stake in LMS is cur-
rently held by PLUS Expressways
International Bhd, a subsidiary
of UEM Group, which is wholly
owned by Khazanah.
In a statement yesterday, CP-
PIB said it will take up a 45% stake
in LMS, while the remaining 10%
stake will be taken up by Astra
Infra’s wholly-owned unit PT
Putrajaya committed to further strengthening Malaysia-US ties — Miti
BY JUSTIN LIM
KUALA LUMPUR: Malaysia is com-
mitted to boost bilateral ties with
the US amid the challenging eco-
nomic environment, the govern-
ment said yesterday, ahead of a
visit to the US by Prime Minister
Tun Dr Mahathir Mohamad.
Noting that the two countries
have over six decades of strong
bilateral ties, the ministry of inter-
national trade and industry (Miti)
said Malaysia is committed to con-
tinue working with the US for mu-
tual benefits.
“The decades of close cooper-
ation between Malaysia and the
US transcend beyond economic
growth at a mere 2.9% this year.
“Our fear is that we are entering
an era where growth is stuck at a very
low level,” OECD chief economist
Laurence Boone said. “Governments
should absolutely take advantage of
low rates to invest in the future now
so that this sluggish growth doesn’t
become the new normal.”
The OECD is the latest institution
sounding the alarm over the state
of the global economy. In the past
two weeks, the Federal Reserve, the
European Central Bank, the Peo-
ple’s Bank of China and numerous
of their peers have eased policy to
shore up demand, urging govern-
ments at the same time that fiscal
Baskhara Utama Sedaya (BUS).
As BUS is an existing owner of
a 45% stake in LMS, the acquisi-
tion will increase the company’s
stake to 55%.
CPPIB did not disclose the ac-
quisition price, but Bloomberg re-
ported last Friday that Khazanah
received an offer of about US$500
million (RM2.1 billion) for its stake
in the 117km toll road
CPPIB said yesterday that the
transaction is expected to be
completed in the fourth quar-
ter, subject to customary closing
conditions, including regulatory
approvals.
CPPIB senior managing di-
rector and head of Asia-Pacific
Suyi Kim said the fund’s first in-
frastructure investment in Indone-
partnership and they form a strong
foundation for our future growth.
The working visit by Prime Min-
ister Tun Dr Mahathir Mohamad
to the US is expected to generate
further momentum that will result
in greater economic cooperation
between the two countries, as we
forge ahead, together, in this chal-
lenging economic environment,”
said Miti in a statement.
Malaysia’s bilateral trade with
the US grew by 1.2% in 2018 to
RM155.76 billion — which consti-
tutes 8.3% of Malaysia’s total trade
in that year. Exports to the US in-
creased 2.4% to RM90.81 billion
— the highest recorded since 2008.
As at December 2018, a total of
For breaking news updates go to
www.theedgemarkets.com
stimulus will be needed to ensure
their efforts won’t be futile.
Manufacturing has borne the
brunt of the economic crisis brought
about by a tit-for-tat trade war be-
tween the US and China. The ser-
vices sector has proved unusually
resilient to the malaise so far, but
the OECD warned that “persistent
weakness” in industry will weigh
on the labour market, household
incomes and spending.
Additional risks stem from a
sharper slowdown in China and a
no-deal Brexit that could push the
UK into a recession and would con-
siderably reduce growth in Europe,
according to the report. — Bloomberg
sia would deepen its commitment
to the Asia-Pacific region as well
as its focus on investments in new
markets with attractive return and
risk characteristics.
CPPIB managing director and
head of infrastructure Scott Law-
rence said the Cipali toll road pro-
vides CPPIB access to a vital infra-
structure development supported
by rising motorisation rates in one
of the most densely populated and
economically productive regions
in Indonesia.
“We are pleased to invest in
the Cipali toll road alongside As-
tra Infra, a knowledgeable and
sophisticated local partner, and
look forward to a successful long-
term relationship between our two
organisations,” he said.
809 manufacturing projects with
participation from the US were im-
plemented in Malaysia with a total
investment of RM74 billion. These
projects have created 204,536 em-
ployment opportunities, said Miti.
Meanwhile, for the first half of
2019, Miti said Malaysia approved
a total of RM11.7 billion of invest-
ments from the US in the manufac-
turing sector.
“The decision made by notable
American companies such as Intel
Corp, Western Digital, Honeywell,
Boston Scientific, Motorola and Spir-
it Aerospace to establish their op-
erations in Malaysia speaks volume
about our country’s strength as an
attractive investment destination.”
One of the world’s
top investors
just rang the
alarm, again
BY DAV ID R A ML I
SINGAPORE: The head of one
of the world’s largest sovereign
wealth funds wants to get one
thing straight — markets are
becoming increasingly dire and
investors face a very uncertain
future.
Lim Chow Kiat, chief execu-
tive officer of Singapore’s GIC Pte
Ltd, has again sounded the alarm
about the state of the world’s
economy, decrying populism,
trade protectionism and a decline
in the ability of governments and
markets to deliver broad-based
prosperity.
“In these factious times, in-
vestors are hard put to find their
footing,” he said yesterday at
the start of GIC Insights, the
group’s annual thought lead-
ership event. “They face rising
uncertainty but falling returns.
By some measures, uncertain-
ty about economic prospects
is currently highest on record.
Further, policymakers seem to
have limited ammunition to re-
flate economies.” — Bloomberg
Dr M: Malaysia
will speak the
truth at UNGA
PUTRAJAYA: Malaysia will speak
the truth at the UN General As-
sembly (UNGA) in New York next
week, Prime Minister Tun Dr Ma-
hathir Mohamad said.
“We will criticise where we
need to criticise and we will also
praise certain things done by the
UN,” he said when asked about
the issues that he would raise at
the assembly.
Speaking at a news conference
after chairing the Special Cabinet
Committee on Anti-Corruption
meeting here yesterday, Dr Ma-
hathir said he would not be meet-
ing US President Donald Trump
while in New York. “I will not meet
Trump but I will make a speech
there of course, I will meet many
leaders also,” he said. — Bernama
“This is strengthened by the fact
that we have received commitment
from existing US investors in Ma-
laysia that they will continue to un-
dertake significant reinvestment in
further expansion, diversification
as well as research and develop-
ment — which further highlights
their confidence in the outlook of
Malaysian economy,” said Miti.
Miti also said it has and will con-
tinue to actively engage and collabo-
rate with US companies in Malaysia
as well as the American Malaysian
Chamber of Commerce and US-Ase-
an Business Council to gather con-
structive feedback that will help en-
sure the business climate in Malaysia
remains conducive.
FRIDAY S E P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Green light for TNB’s
entry into broadband
Minister’s endorsement comes amid plans to liberalise the power sector
BY A H M AD NAQ I B I D RI S
KUALA LUMPUR: Tenaga Nasional
Bhd (TNB) has expressed its interest
in the wholesale broadband sector,
which could be the earnings driver
for the national utility company,
given the government’s imminent
plans to liberalise the power sector.
Communications and Multime-
dia Minister Gobind Singh Deo said
TNB’s pioneer broadband project in
Jasin, Melaka, which was completed
in January with the provision of high-
speed broadband (HSBB) access to
1,100 homes, has produced results.
“The project has shown positive
results and it demonstrates that, if
TNB is interested in pursuing this
venture, I think that they would be
able to play a very important role,
given that they already have exist-
ing infrastructure stretching across
Peninsular Malaysia.
“I was also informed that they
have commenced new initiatives.
In Melaka, they are now targeting
to provide broadband services to
11,000 homes and are also targeting
other states — Kedah, Perak and Jo-
hor — if I’m not mistaken,” he said
at a press conference yesterday, fol-
lowing the launch of the National
Fiberisation and Connectivity Plan
(NFCP).
“I hope that TNB will look at the
potential of providing broadband
services in other states as well,” add-
ed Gobind.
Gobind said TNB’s initiatives are
in line with the NFCP’s goals of im-
proving connectivity nationwide but
did not specify whether the company
was included in the five-year plan.
The potentially bigger involve-
ment of TNB in providing broad-
band services comes amid talk of
YTL Communications to expand Terragraph network
BY A H M AD NAQ I B I D RI S
PUTRAJAYA: YTL Power Interna-
tional Bhd’s 60%-owned YTL Com-
munications Sdn Bhd (YES) is eye-
ing the deployment of its 5G-ready
Terragraph network in more cities
in Malaysia, following the success
of its pilot project in George Town,
Penang.
YES chief executive officer Wing
K Lee said the service provider is in
discussions with several cities, which
have been “very keen” to adopt the
technology, with the group in the
midst of making preparations.
“We will be making a few an-
nouncements over the next few
months. The city that is the easiest
to work with will get the technolo-
gy up and running the soonest. We
were able to deploy in George Town,
with strong support from the state
liberalisation in the power industry,
which was outlined by Energy, Sci-
ence, Technology, Environment and
Climate Change Minister Yeo Bee
Yin during a briefing on Monday.
The details have yet to be ironed
out, but the key reform initiatives in-
clude allowing generators to source
their own fuel to optimise costs,
moving from the power purchase
agreement regime to a capacity
and energy market, establishing a
third-party access framework and
network charges for grid to allow
third-party usage of the infrastruc-
ture and the facilitation of green
energy producers and consumers.
These reforms will have impli-
cations on TNB’s operations, as in-
dependent power producers will be
able to source coal and gas from third
parties instead of TNB to optimise
costs, while the retail segment will
also be allowed to supply electricity
government and city council, which
was why we could move very fast.
“Wherever we go, if we have full
support from the local authorities,
we can move fast,” said Wing on the
sidelines of the launching of the Na-
tional Fiberisation and Connectivity
Plan (NFCP) here yesterday.
He explained that the Terragraph
network is the first millimetre wave
network as well as the first large-scale
IPv6 network of its kind in Malaysia
— the two foundations to support
5G capabilities.
The company launched the giga-
bit-speed network in George Town in
March, making Malaysia the second
country in the world to test the new
technology after Hungary.
“We have had the opportunity
over the past seven months to test
the technology in a real-world sit-
uation, in George Town. We have
to end-users in the future.
Yeo pointed to the competitive
retail market in Singapore, with dif-
ferent packages on offer such as fixed
tariff and charges that are lower than
the regulated tariff set by the coun-
try’s power sector regulator.
However, Yeo stressed that the
reforms will not be an overnight
switch that “will pull the rug from
under TNB’s feet”.
The national utility company
will lose its dominant position, al-
though Yeo said that it may not be
that easy to compete with the in-
cumbent player.
In an interview with The Edge Ma-
laysia weekly in June, TNB chief ex-
ecutive officer Amir Hamzah Azizan
acknowledged the shifting landscape
and talked about the corporatisa-
tion of TNB, which he said is part
and parcel of evolving the company.
However, he did not mention any
delivered our service to 50 Wi-Fi
hotspots, and because it is based on
strong millimetre wave technology,
we managed to deliver speeds of
170Mbps at these Wi-Fi hotspots.
“Using Terragraph, we are able
to deliver broadband services to
businesses and hotels in George
Town, compared with the case in the
past where they were suffering from
the copper wire Streamyx service
which only provided them 2Mbps to
4Mbps. Now they are getting more
than 100Mbps,” said Wing.
YES’ seven-month experience in
George Town has provided the com-
pany the necessary knowledge, with
Wing adding that it is ready to sup-
port 5G technology, given that the
group’s network is all-IP and all-LTE,
which means that it is not weighed
down by legacy technologies such
as 2G and 3G infrastructure, which
HOME BUSINESS 3
Gobind believes TNB
would be able to play
a very important role.
Photo by Suhaimi Yusuf
plans on ventures related to broad-
band at the time.
He talked of plans to divide the
different parts of TNB’s operations
across the value chain into individ-
ual subsidiaries, with the possibility
of seeking listings for them, provid-
ing financial transparency to dispel
criticisms that it secures power plant
projects by tendering at more com-
petitive rates while subsidising the
lower margin with its transmission
and distribution arms.
In terms of the opening up of
supply to the retail segment, TNB is
looking at allowing third parties to
ride on its infrastructure and provide
differentiated products, as seen in
many countries including the UK,
the US, Australia and Singapore.
TNB’s share price rose two sen or
0.15% to RM13.62 yesterday, giving
the company a market capitalisation
of RM77.46 billion.
plagues other telecommunication
companies.
This is why YES is able to pro-
vide cheaper pricing for its prepaid
and postpaid products, Wing said,
adding that the government’s move
to reduce the duplication, via infra-
structure sharing, will contribute
to making cheaper packages going
forward.
He said the company hopes to
see strong enforcement and gov-
ernance in ensuring the sharing of
infrastructure between the players
in the country.
“The duplication of resources is
not helpful, which is why the sharing
of framework is very crucial. We are
happy to see the strong commitment
from the government to encourage
sharing and we would like to see
the governance framework that will
bring that into reality,” said Wing.
Dr M: Need
for direct
negotiation
for certain
procurements
PUTRAJAYA: Tun Dr Mahathir
Mohamad said yesterday it
cannot be denied that there is
a need for the government to
conduct direct negotiation for
procurements or purchases in
some cases.
The prime minister said this
has to be done "when something
is essential for a certain purpose",
for example in the armed forces.
“They (the armed forces) iden-
tify [a] particular equipment
and, if the particular equipment
comes from only one company,
then they can have direct nego-
tiation.
“But they must state the rea-
son they want to have direct ne-
gotiation and they have to get
the permission of the ministry of
finance,” he told a news confer-
ence after chairing a meeting of
the Special Cabinet Committee
on Anti-Corruption here.
Asked about a viral letter on
a RM450 million construction
project in Kota Baru, Kelantan,
which was allegedly awarded
through direct negotiation, Dr
Mahathir denied that it was a
direct-negotiation project.
“But you have seen the notes
because [they have] been vi-
ralled. You have seen the note
that I wrote — it is a continuation
of a project that has been given to
this party. Whether it was direct
negotiation or whatever.
“So, what I said there, that if
this company is willing to reduce
the cost and if it is a continuation
of the previous project, I think it
is not direct negotiation. It is only
because the company is already
doing that it is a continuation,”
he said.
A letter from contractor PDM
Builders Sdn Bhd to Dr Mahathir
on the construction of Bangunan
Gunasama Persekutuan (Federal
Common User Building) at Tun-
jong, Kelantan, went viral. The
letter also carries Dr Mahathir's
handwritten note.
The note states: “YB Ment-
eri Kewangan, projek ini telah
diberi kpd PDM Builders. Jika
mereka dapat kurangkan kos,
tender baru tidak perlu.” (Min-
ister of Finance, this project has
been awarded to PDM Builders.
If they can reduce the cost, a new
tender is unnecessary.)
The letter also indicates that
the contract was approved by
the finance ministry on April 20,
2018, “secara tender terhad selek-
tif” (as a selective limited tender).
On criticism that his son, Da-
tuk Seri Mukhriz Mahathir, still
own shares in Opcom Holdings
Bhd which is involved in govern-
ment projects, Dr Mahathir said:
"I did not sign anything. Did I sign
anything to recommend that?”
Dr Mahathir said that as far
as he knows, Mukhriz has given
up his business because he is
now the menteri besar of Kedah.
"So, if you give me some infor-
mation, I' m going to ask him,”
he said. — Bernama
4 HOME BUSINESS
Ku Nan wants judge to recuse
himself from RM1m graft case
BY PAW A I C H I N
KUALA LUMPUR: Former feder-
al territories minister Datuk Seri
Tengku Adnan Tengku Mansor
(pic) has filed an application re-
questing High Court Justice Mohd
Nazlan Mohd Ghazali to recuse
himself from hearing the former’s
RM1 million graft case which was
scheduled to start yesterday.
This followed Tengku Adnan
claiming that the judge, who had
fined a businessman RM1.5 mil-
lion for abetting him in receiving
the money, will not give the for-
mer minister a fair trial.
Tengku Adnan, popularly
known as Ku Nan, filed the mo-
tion yesterday afternoon with his
supporting affidavit.
This is Ku Nan’s second cor-
ruption case and was supposed
to be jointly tried with business-
man Datuk Tan Eng Boon.
However, in an unexpected
turn of events, the property devel-
oper, who is also the co-accused
in this case, pleaded guilty two
days ago to an alternative charge
for abetting Ku Nan in receiving a
RM1 million bribe. Eng Boon was
let off with a fine after he agreed
to testify as a prosecution witness
in Ku Nan’s trial in exchange for
not serving a jail sentence.
Lawyer Datuk Tan Hock
Chuan, who represents Ku Nan,
told the High Court that his client
is very concerned that he would
not get a fair trial, as the judge
had already heard the facts of Eng
Boon’s case during sentencing.
Apart from requesting the
judge to recuse himself, Ku Nan
also wants his case to be trans-
ferred to another High Court pre-
sided by a different judge, claim-
ing that there are another four
judges who can hear his case.
In his supporting affidavit, Ku
Nan expressed doubts that Justice
Mohd Nazlan may be influenced
by the facts of Eng Boon’s case,
after having sentenced the busi-
nessman on Tuesday.
The former minister said the
Najib still powerful enough to create ‘instability’ in my livelihood, says witness
BY H AF I Z YATI M, A DA M AZIZ
& EM I R ZA I NU L
KUALA LUMPUR: Datuk Amhari
Efendi Nazaruddin, a former aide
of Datuk Seri Najib Razak, said his
ex-boss was still powerful and influ-
ential enough to create “instability”
in his livelihood during his testi-
mony in the High Court yesterday.
Amhari, who is the eighth
SAM FONG
judge had made his remarks by
stressing that corruption is a very
serious crime as it undermines
the country’s social and econom-
ic development and adversely
affects the fabric of society.
“In addition, the media
had also reported that Tan
Eng Boon agreed to testify as
a prosecution witness in my
upcoming trial.
“Justice must not only be
done, but must also be seen to
be done,” Ku Nan added.
In reply to the defence’s ap-
plication, deputy public pros-
ecutor Julia Ibrahim said the
prosecution needs more time
to file the affidavit-in-reply as
it had merely received the ap-
plication yesterday.
Justice Mohd Nazlan or-
dered the prosecution to sub-
mit the replying affidavit by
3pm yesterday, and he will hear
the recusal application today.
On Nov 15 last year, Eng
Boon, 70, a director of a prop-
erty development company,
pleaded not guilty to a charge
of giving a bribe to Ku Nan, 68, by
depositing a RM1 million Public
Bank cheque belonging to Pekan
Nenas Industries Sdn Bhd into
Ku Nan’s CIMB Bank account.
It was allegedly a reward
for Ku Nan for approving an
application by Nucleus Prop-
erties Sdn Bhd (now known as
Paragon City Development Sdn
Bhd) to increase the plot ratio
for the development of Lot 228,
Jalan Semarak here.
On the same day, the Putra-
jaya member of parliament also
pleaded not guilty to a charge
of corruptly receiving RM1 mil-
lion from Eng Boon to approve
a company’s application to in-
crease the plot ratio for a devel-
opment in Jalan Semarak here.
Ku Nan was charged under
Section 24(1) of the Malaysian
Anti-Corruption Commission
Act. If convicted, he could be
jailed up to 20 years and fined five
times the gratification amount.
prosecution witness in the 1Ma-
laysia Development Bhd-Tanore
(1MDB-Tanore) trial, said while
he was never personally threat-
ened by Najib, he knew the former
premier still had enough clout in
the country.
“[The threats] may come from
the previous government, not nec-
essarily from Najib but his people
or supporters ... I reacted to this be-
Amhari involved
in embezzlement,
defence claims
Shafee connects witness to company linked to bond guarantee
BY ADAM AZ I Z
KUALA LUMPUR: Datuk Seri Na-
jib Razak’s former aide Datuk Am-
hari Efendi Nazaruddin could be
involved in the conspiracy to em-
bezzle 1Malaysia Development Bhd
(1MDB) monies and transfer them
into a fake entity in 2012 and 2014,
the High Court was told yesterday.
Such claims by the defence team
are based on the fact that Amhari is
an indirect shareholder of Aabar In-
vestments PJS Ltd (BVI), which was
misidentified as a unit of Abu Dhabi’s
International Petroleum Investment
Co (IPIC) — a company that guaran-
teed two tranches of bonds worth a to-
tal of US$3.5 billion issued by 1MDB.
Amhari, the eighth prosecution
witness in the 1MDB-Tanore trial,
however, denied the allegation.
The connection was made by
lead defence counsel Tan Sri Mu-
hammad Shafee Abdullah, who
is representing the former prime
minister in the 1MDB-Tanore trial.
It was revealed by Muhammad
Shafee in court that Aabar-BVI’s
shareholder is Tycoon Gain Ltd,
which is also the sole shareholder
of Aerosphere Ltd.
Tycoon Gain is in turn
a company that is owned
by Amhari, Muhammad
Shafee pointed out during
the witness’ cross-exam-
ination earlier yesterday.
Amhari previously tes-
tified that he is the share-
cause I do not feel the threats from
Datuk Seri Najib as a former PM,
he has the power to at least create
instability... in my livelihood,” he
told senior deputy public prose-
cutor Datuk Seri Gopal Sri Ram
during his re-examination.
His revelation follows his de-
scription of the threats he faced
while testifying against his former
boss, who once held the highest
FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
1MDB-TANORE
TRIAL
holder of Aerosphere, the name he
used when opening an account in
BSI Singapore.
The BSI account was opened
under the instruction of Low Taek
Jho — commonly known as Jho
Low — in 2012 “as standby for GE13
(13th general election)”.
Muhammad Shafee then ac-
cused Amhari of “manoeuvring
his way” into being sent by Najib to
facilitate 1MDB’s settlement agree-
ment with IPIC.
“Now that I have shown your
relationship with Tycoon Gain, you
went to Abu Dhabi to prevent the
rotten smell of the company from
coming out to [Najib]. This is so you
can conceal this aspect of your in-
volvement [in the 1MDB-IPIC deal],”
said Muhammad Shafee.
Recall that IPIC, as the guaran-
tor of the US$3.5 billion
bonds, had to fork out
US$1.2 billion after
1MDB was unable
to commit to its
obligations to the
debt papers.
office in the land.
Amhari said regardless of whatev-
er he does, there are always threats
from “stakeholders” in the trial.
“I consider myself to be stuck in
the middle,” a slightly emotional
Amhari said in response to ques-
tions from Sri Ram.
“Either route I take, as I look
back at my religion, it would save
me,” he added.
Amhari testified that he was sent
by Najib to Abu Dhabi sometime
in 2016 to meet with Khaldoon Al
Mubarak, the CEO of Mubadala In-
vestment Co — the parent of IPIC
— to facilitate a settlement agree-
ment between 1MDB and IPIC and
to avoid an international arbitration.
In April 2017, the government an-
nounced that it will pay off the out-
standing US$1.2 billion to IPIC and
assume the liability for the two bonds.
According to the opening state-
ment of the 1MDB-Tanore trial,
US$577 million out of the US$1.75
billion raised from the first tranche
of the bonds was meant to be paid
to IPIC as security deposits for the
guarantee granted. That money was,
however, siphoned through Aabar-
BVI to Jho Low-linked Blackstone
Asia in 2012.
On the US$1.75 billion raised from
the second tranche of the 1MDB
bonds, about RM3 billion (estimated
to be US$730 million) was transferred
to Aabar-BVI. The transferred money
was supposed to be paid to IPIC as
security deposits for its guarantee.
Najib faces four charges of abuse
of power and 21 counts of money
laundering involving billions of
ringgit in 1MDB funds.
Amhari (left) denied the
defence’s assertion that he was
involved in the embezzlement of
1MDB funds. Photo by Sam Fong
However, he denied that the
threats came from the Malaysian Anti-
Corruption Commission (MACC)
which is investigating the case.
Witness believed Najib
The witness also told the court that
he did not warn Najib about Jho
Low’s possible wrongdoing in the
alleged 1MDB dealings as he ini-
CON T I N UES N EX T PAGE
FRIDAY S E P T E MBE R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
PetroSaudi email proves Jho Low
manipulated Najib, defence argues
BY A DA M A ZI Z
KUALA LUMPUR: An email between Pet-
roSaudi International Ltd (PSI) executives
in August 2010 which touched on points
discussed with the alleged 1Malaysia De-
velopment Bhd (1MDB) fiasco mastermind
Low Taek Jho (Jho Low) indicates that for-
mer prime minister (PM) Datuk Seri Najib
Razak was also manipulated by the fugitive
businessman, claimed Najib’s lawyer Tan Sri
Muhammad Shafee Abdullah.
From the email between PSI executives
Patrick Mahony and Tarek Obaid, it is shown
that the two men plotted with Jho Low not
to tell Najib that 1MDB will incur a US$500
million loss on investment from the 1MDB-
PSI business collaboration.
Instead, they would convince Najib of how
important it was for 1MDB to quickly invest
another US$500 million with them.
Muhammad Shafee cited The Edge Malay-
sia weekly cover story in June 2018 “How Pet-
roSaudi executives plotted what to tell Najib”,
which published the email.
“Things were done behind the PM’s back
in complete dishonesty by Mahony, Obaid
and Jho Low … This is an example of what
you meant, that Jho Low was a master ma-
nipulator,” said Muhammad Shafee during
cross-examination of Najib’s former special
officer Datuk Amhari Efendi Nazaruddin in
the 1MDB-Tanore trial yesterday.
Amhari: Najib paid me tens of thousands in cash for secret missions
BY HAFIZ YATIM, ADAM AZIZ & EMIR ZAINUL
KUALA LUMPUR: Datuk Amhari Efendi
Nazaruddin told the High Court that he
received “berpuluh ribu” (tens of thou-
sands) in cash from former prime minister
(PM) Datuk Seri Najib Razak after he em-
barked on “secret missions” to Abu Dhabi
and China over 1Malaysia Development
Bhd (1MDB) matters in 2016.
He revealed during re-examination by
senior deputy public prosecutor Datuk Seri
Gopal Sri Ram in the 1MDB-Tanore trial that
he was paid the amount at Najib’s home —
although he did not say if it was his private
residence in Jalan Langgak Duta here or his
official home in Seri Perdana, Putrajaya.
Amhari, the former prime minister’s
special officer, said he did not make any
claims for the trips from the Prime Minis-
ter’s Department as they were considered
“secret missions”.
The eighth prosecution witness had
gone to Abu Dhabi to meet Mubadala In-
vestment Co chief executive officer (CEO)
Khaldoon Al Mubarak to facilitate a set-
tlement agreement for its bond dispute.
1MDB was unable to meet its obliga-
tions to bonds worth US$3.5 billion, forcing
Mubadala’s subsidiary International Petro-
leum Investment Company — which guar-
FROM PR EV I O U S PAG E
tially felt that what the former premier was
doing was right.
“Initially, I think it was a political con-
spiracy against him [when the 1MDB] is-
sues cropped up.
“There were certainly issues with it. I had
served Najib a little bit longer.
“I tried to be the best officer for him by
going for the trips to Abu Dhabi and Chi-
na. My colleagues knew where my loyalty
stood,” he said.
Sri Ram, who was formerly a Federal
“I am suggesting there was the possibil-
ity that your own prime minister was being
manipulated,” Muhammad Shafee added.
“I agree … there’s a possibility,” Amhari
replied. Amhari also agreed with Muham-
mad Shafee that in his witness statement,
he referred to only Jho Low as a “master
manipulator” while Najib was not involved
in the manipulation of 1MDB.
Previously, Amhari testified that he was
one of the two officials in the Prime Minis-
ter’s Office who frequently met Jho Low in
secret meetings on 1MDB matters.
Amhari also testified that Najib instructed
him — as the sole secret envoy for the then-
prime minister — to go to China to facilitate
1MDB’s bailout, and to Abu Dhabi to resolve
1MDB’s debt woes with Mubadala Investment
Co in a bid to prevent the dispute from land-
ing in the International Arbitration Court.
It has been reported that Najib
was informed of what Jho Low
did in relation to 1MDB since
as early as March 2015, but did
not act upon the information
provided.
Things were done behind the PM’s
back in complete dishonesty
by Mahony, Obaid and
Jho Low, said
Muhammad Shafee.
Photo by Sam Fong
anteed the bonds — to pay US$1.2 billion.
“I did not inform our embassy officials
in Abu Dhabi when I arrived. I went straight
to meet Khaldoon at the Mubadala office.”
Meanwhile, Amhari went to China in
June that year to meet the republic’s state
officials to negotiate their investments in
major infrastructure projects including the
East Coast Rail Link and the Trans-Sabah
Gas Pipeline, which the witness had claimed
was to bail out 1MDB and its subsidiary SRC
International Sdn Bhd from their debts.
The witness said Najib had summoned
his aide to his home to tell him about the
trips. “The meeting at the house lasted for
15 to 20 minutes,” the witness said.
The 43-year-old witness had earlier told
the court that before the trips, he would
receive pointers on what to say via email
from Low Taek Low (Jho Low). Jho Low also
accompanied him and participated in his
meetings in China.
Amhari said while he had reservations
about his orders to attend the meetings,
his loyalty to Najib won out.
Sri Ram: Who paid for the trips to those
countries?
Amhari: The PM paid or reimbursed
me for them.
Sri Ram: How was [the reimbursement]
paid to you?
Court judge asked the witness if, when Na-
jib was the premier, he could have relied on
intelligence reports at his disposal and have
control over them.
“He controlled all government agen-
cies, the Special Branch, MIO (Military
Intelligence Organisation) from the army
and also intelligence from the Prime
Minister’s Department,” he said, add-
ing that Najib also had access to the
MACC as well.
Earlier yesterday, Amhari was asked by
Najib’s lawyer Tan Sri Muhammad Shafee
Amhari denies Jho Low-1MDB
documents kept for ‘insurance’
In the trial yesterday, Amhari disagreed with
Muhammad Shafee’s allegation that he pur-
posely kept 1MDB-related documents that
were given to him by Jho Low as insurance in
case the 1MDB fiasco blew out in the open.
Jho Low had instructed Amhari to shred
all documents in relation to their discussions,
but Amhari kept some in his cousin’s property
along Persiaran Tropicana. The documents
were eventually seized by the Malaysian au-
thorities after the last general election in 2018.
“You decided to work with MACC (the
Malaysian Anti-Corruption Commission)
so that your own problems will be treated
leniently, for offences that you obviously
committed,” said Muhammad Shafee.
The Edge Financial Daily reported on June
26, 2018 that one of Najib’s special officers re-
ceived RM62 million originating from 1MDB
from the former premier through digital
media agency Orb Solutions Sdn Bhd
from 2011 to 2014.
The 1MDB-Tanore trial revealed that
Amhari was the founder and the largest
shareholder of Orb Solutions.
“I mean, you are still not charged. This
is a tit-for-tat, where you provide
some information for them
that would incriminate my
client,” said Muhammad
Shafee. Amhari disagreed.
Amhari: It was paid to me in cash at his
house.
Sri Ram: Normally for the trips, you
would submit claims?
Amhari: Yes, normally I would submit
claims to JPM (Prime Minister’s Depart-
ment). However, for these [trips] I did not
submit any claims as [they were] secret
missions which I had to go on.
Sri Ram: Is this normal?
Amhari: No.
Sri Ram: How much were you paid?
Amhari: Berpuluh ribu (tens of thou-
sands).
Amhari added that he handed the notes
or reports prepared by Jho Low from the
meetings in China to his boss.
“He (Najib) asked me whether
everything was real over there. Najib want-
ed to verify whether Jho Low could secure
projects from China. I said ‘correct’ as
there had been meetings,” he explained.
While the prosecution may have completed
their re-examination of Amhari yesterday, his
presence is still required on Monday — when
the trial resumes before Justice Collin Lawrence
Sequerah — to answer any further questions.
The next witness after Amhari would be
Datuk Shahrol Azral Ibrahim Halmi who
was the Terengganu Investment Authority
CEO and the first 1MDB CEO.
Abdullah if the reason why he was incrimi-
nating his former boss was to avoid charges
from the MACC, which he denied.
Follow the trial
live as it unfolds at
theedgemarkets.com/
najibs-1mdb-trial-
reporting or
by scanning this
QR code
HOME BUSINESS 5
Witness implies Najib
may have misled
Dewan Rakyat on
1MDB in 2015
BY E MIR Z A IN UL & H A F IZ YAT IM
KUALA LUMPUR: Datuk Seri Najib Razak’s
former aide Datuk Amhari Efendi Naz-
aruddin has implied that the former prime
minister may have misled the Dewan
Rakyat when he said that Low Taek Jho
(Jho Low) has never worked for 1Malay-
sia Development Bhd (1MDB).
In a re-examination of the prosecu-
tion’s eighth witness yesterday, senior
deputy public prosecutor Datuk Seri Gopal
Sri Ram referred to a document recovered
by the Malaysian Anti-Corruption Com-
mission, which contains answers to fre-
quently asked questions (FAQs) related to
1MDB that was prepared by the missing
businessman — who is also known as Jho
Low — for Najib in 2015.
Sri Ram: What is the purpose of this
document?
Amhari: The purpose of this document
is basically to give an update of what are
the answers to the questions raised with
regard to 1MDB and related matters.
Sri Ram: So in other words, this is the
answers to the FAQs?
Amhari: Correct.
Sri Ram: One of the answers is —
“Jho Low was one of the many advisers
appointed by Tuanku Agong — at that
time — to TIA (Terengganu Investment
Authority) in January 2009 to May 2009,
together with many other local and in-
ternational advisers.
Another answer says that “Jho Low
does not have any role in 1MDB”.
Now is that an accurate statement? Is
it a true statement?
Amhari: It is not correct.
Sri Ram: Are you aware that the ac-
cused, in answering a question put to him
in the Dewan Rakyat, said that Jho Low
was not an employee of 1MDB?
Amhari: I cannot remember the par-
liament session.
It was previously reported that in a
written reply to the then Wangsa Maju
member of parliament Datuk Dr Tan Kee
Kwong back in March 2015, Najib said
that Jho Low has no involvement in the
wholly government-owned strategic de-
velopment company.
“Low Taek Jho has never worked in
1MDB and all decisions and transactions
are made by the company’s management
and board of directors,” Najib said.
Tan, in Parliament on March 12, want-
ed to know if there were any connection
between Jho Low and 1MDB.
This means that Najib may have used
the answers from the document to reply to
the 1MDB-related question in Parliament.
According to Amhari, Jho Low had in
fact prepared a list of FAQs about 1MDB for
Najib, when the company started drawing
unwanted attention, which included a state-
ment denying his involvement in 1MDB.
The FAQ was one such example given
by the 43-year-old witness to demon-
strate the influence the Penang-born
businessman allegedly wielded over the
former premier.
Earlier in his witness statement, to il-
lustrate Jho Low’s involvement in 1MDB,
Amhari claimed that Jho Low instructed
the change of the members of the board
of directors in 1MDB, which comprised
mostly individuals from the private sec-
tor, to individuals from the government
sector, as part of the 1MDB rationalisa-
tion plan in 2015.
When Amhari checked with Najib
about the proposal, he said the former
prime minister confirmed the directives.
6 HOME BUSINESS FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY FR I

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Dr Mahathir (centre), flanked by Tong (on his right) and Ho (on his left), with BRC winners. Photo by Kenny Yap CIM
Na
cha

Press Metal is Dr M: Private sector needs to Air

nan
step up and invest more den
for
ide

The Edge BRC’s

BY S UPR IYA S UR E N D R A N 2018 from the RM101 billion profit Om
& W O N G E E L IN you made,” he said. and
“The equation is simple – the more Ibr
KUALA LUMPUR: While the gov- money you make, the more the in- Tan
ernment is faced with many limita- crease in government revenue and sion

Company of the Year

QL Resources chairman Dr Chia named Outstanding
CEO & Value Creator
BY C I N DY Y EA P, SUP R IYA
SU REN D RA N & W ONG EE LIN
PETALING JAYA: Press Metal Al-
uminium Holdings Bhd won the
coveted The Edge Billion Ring-
git Club (BRC) Company of the
Year award, while QL Resources
Bhd executive chairman Dr Chia
Song Kun was named this year’s
Outstanding CEO & Value Creator.
Prime Minister Tun Dr Ma-
hathir Mohamad graced the
event, which started 10 years
ago to honour Corporate Malay-
sia’s crème de la crème, with the
aim of encouraging Malaysian
companies to be even better at
what they do, to grow, to invest,
to create jobs as well as be social-
ly responsible. That, in turn, is
hoped to inspire others to excel.
“To be recognised and to win
awards, companies must grow
their profits, be more efficient,
invest in technologies, exhib-
it high returns to shareholders
through dividends and stock
price,” The Edge Media Group
chairman Datuk Tong Kooi Ong
said in his welcome address.
A total of 60 awards were pre-
sented to 43 companies. A spe-
cial award for contribution to
nation building was presented to
The Employees Provident Fund
(EPF), whose chairman Tan Sri
Samsudin Osman accepted the
award from Dr Mahathir.
Chia and Press Metal group
chief executive officer (CEO) Tan
Sri Paul Koon Poh Keong also re-
ceived the award from the prime
minister, who was accompanied
by Tong and The Edge Media
Group publisher and CEO Da-
tuk Ho Kay Tat.
When met by The Edge Fi-
nancial Daily after receiving
his award, Press Metal’s Koon
said: “We feel very honoured,
but this honour goes to all our
employees, because they are the
ones that contribute and make
the company what it is today. So,
a big thank you to all of them.
“We also believe that with the
award and honour, we will con-
tinue to work harder to reward
shareholders and the investors,”
he added.
After winning The Edge Bil-
lion Ringgit Club Company of
the Year award back in 2011, QL’s
Chia said winning this year’s Out-
standing CEO & Value Creator is
“out of [his] expectations”.
“I believe, with this award, we
have to work harder to deliver and
create more value for our stake-
holders, especially for our coun-
try at this difficult time, we have
to pay more tax, and create more
employment,” he said.
There are 168 The Edge BRC
members this year, down from
170 last year. The all-time high
was 185 in 2011.
At RM1.55 trillion, the total mar-
ket capitalisation of the 168 compa-
nies was below RM1.69 trillion last
year and RM1.59 trillion the year
before, even as earnings came off.
BRC members made a collective
pre-tax profit of RM101.32 billion
in financial year 2018 (FY18), be-
low RM123.19 billion in FY17 and
RM108.6 billion in FY16. Collec-
tive net profit was RM73.37 billion,
skidding from RM90.7 billion in
FY17 and RM81.6 billion in FY16.
“While we will recognise many
successful companies tonight, the
hard truth is that over the past six
years, many companies listed on
Bursa Malaysia have not done
well. This is evident by the con-
tinuous decline in profit margins,”
said Tong, who also noted how
Malaysian companies have not
invested enough to become more
efficient by embracing technol-
ogies and new opportunities, so
that profit margins will increase
and the companies will be better
placed to compete and remain
competitive.
That said, BRC members con-
tinue to be major taxpayers, paying
an estimated RM26.04 billion in
taxes in FY18.
The awards are in its 10th in-
stalment this year. Companies
with at least RM1 billion mar-
ket capitalisation as at March
31 each year are added to the
annual The Edge-BRC mem-
bership list automatically and
are evaluated on growth in prof-
it, return to shareholders and
corporate responsibility (CR)
commitments, among others.
CO NTINUE S NE XT PAGE
tions to invest and spend as a result
of debts inherited from the previous
administration, Tun Dr Mahathir
Mohamad has called on the private
sector to “step up and invest more”.
“All of you own and run compa-
nies, so you will know what I am talk-
ing about when I say the debt burden
weighs very heavily on the govern-
ment and limits our ability to invest
and spend more.
“Herein lies the role of the pri-
vate sector. In fact, it is hoped that
you will step up and invest more.
The private sector is best placed to
know what works and what does
not,” the prime minister said in
his address to the corporate elite
of Bursa Malaysia at The Edge Bil-
lion Ringgit Club (BRC) Awards and
Gala Dinner 2019 here last night.
The prime minister also assured
the audience that the government
is determined to fight corruption.
He stressed that the government
is prepared to review policies and
regulations and even make changes
and introduce new ones if the private
sector can convince the government
that these changes will lead to more
investments and economic activities
and create new and better paying
jobs, especially for young Malaysians.
“Big companies have the capacity
to invest, to take risks and to connect
with the global supply chain. And
the success of each creates a mul-
tiplier effect, a ripple effect through
the rest of the supply chain, creat-
ing opportunities for other smaller
companies
“Such opportunities will encour-
age innovations and further im-
provements, creating not just jobs
but also profits to be reinvested,”
said Dr Mahathir.
He also acknowledged the con-
tribution of The Edge BRC members
(companies with market capitali-
sation of RM1 billion or more) to
the government’s coffers.
“All the BRC members paid RM26
billion in taxes to the government in
the more development fund will be Tan
available. Profit and prosperity [are] Ho
then shared,” he added. Tan
Dr Mahathir noted that some Gro
quarters have mistaken the concept co-
of Malaysia’s new economic model
of Shared Prosperity, saying that it par
somehow contradicts the premise tion
of profit or economic maximisation, spo
while some said it sounds like so-
cialism and that it will result in less firs
efficiency, or less economic compet- bes
itiveness for Malaysia. bee
Dr Mahathir, however, said “it is bes
none of [those things]”. con
“It is to ensure that Malaysia con- for
tinues its path of sustainable de- sign
velopment based on the equitable the
growth of each value chain, class, We
community and geography. The of t
growth will not be lopsided,” he said, bot
adding that shared prosperity will futu
also create a sense of harmony and CE
stability among the people by 2030. ing
“Really efficient and successful be
companies are what they are because for
they are able to give more to both que
workers and owners. Why? It is only acu
when all stakeholders are aligned that nes
mutual interests will be achieved and
seen,” said Dr Mahathir. offi
Hence, he noted that in the same ma
manner, if the government together po
with the private sector help to better sta
the lives of all Malaysians, instead of the
allowing wider wealth disparities, Ma
then all Malaysians would be willing din
to work towards making Malaysia a pre
greater and better country. and
Dr Mahathir also reiterated that ma
the government is committed to the &O
fight corruption.
“I appeal to corporate Malaysia and
to help the government fight the fas
scourge of corruption, both in the tigi
public and private sectors. It is good hav
for our well-being and the well-being mo
of our children and their children. cer
“Companies which provide in- par
formation on corruption will be
protected. They will not be dis- and
criminated against by government in a
agencies,” he added. 30 i
 F R I DAY S E P T E MB E R 20, 2019 • T HEED G E FINA NCIA L DA ILY
HOME BUSINESS 7

F ROM P RE V I O U S PAGE
“Our awards, like BRC, are coveted
by Corporate Malaysia, because the
Winners Of The Edge Billion Ringgit
methodology and criteria are trans- Club Corporate Awards 2019
parent and independently audited
— [they] cannot be bought,” Tong
said. “[Just as The Edge is] trusted by COMPANY OF THE YEAR
our readers because we are credible Press Metal Aluminium Holdings Bhd Healthcare Sector REIT Sector
and honest”. Highest return on equity over Highest return on equity over
Last year, Petronas Dagangan Bhd VALUE CREATOR three years three years
was named Company of the Year, outstanding ceo of malaysia Hartalega Holdings Bhd IGB Real Estate
trailing AirAsia Bhd which received Dr Chia Song Kun Investment Trust
the award in 2017. Nestle (Malaysia) Executive chairman, QL Resources Bhd Highest growth in profit after
Bhd was the award recipient in 2016 tax over three years Highest growth in profit after
while Tenaga Nasional Bhd won it in SPECIAL AWARD Hartalega Holdings Bhd tax over three years
2015. Prior to that, it was Dutch Lady contribution to nation building MRCB-Quill REIT
Milk Industries Bhd (2014), DiGi.Com The Employees Provident Fund Highest return to shareholders
Bhd (2013), Genting Bhd (2012), QL over three years Highest return to shareholders
Resources Bhd (2011) and Supermax Apex Healthcare Bhd over three years
Corp Bhd (2010). BEST CR INITIATIVES Maxis Bhd YTL Hospitality REIT
Past winners of the Value Crea- Super big-cap company Highest growth in profit after
tor: Outstanding CEO of Malaysia tax over three years
award are Public Bank Group chair-
above rm40 billion market
CIMB Group Holdings Bhd Industrial Products
man Tan Sri Teh Hong Piow, former
capitalisation & Services Sector Technology Sector
Malayan Banking Bhd Highest return on equity over Highest return on equity over
CIMB group chairman Datuk Seri Highest return to shareholders
Nazir Razak, AMMB Holdings Bhd over three years three years three years
chairman Tan Sri Azman Hashim,
BEST CR INITIATIVES Hong Leong Bank Bhd ATA IMS Bhd (formerly Denko ViTrox Corp Bhd
AirAsia group CEO Tan Sri Tony Fer- Big-cap companies Industrial Corp Bhd)
nandes, former S P Setia Bhd presi- rm10 billion to rm40 billion Highest growth in profit after
dent and CEO Tan Sri Liew Kee Sin, market capitalisation Highest growth in profit after tax over three years
former Malayan Banking Bhd pres- IOI Corp Bhd big-cap companies tax over three years ViTrox Corp Bhd, GHL Systems
ident and CEO Tan Sri Abdul Wahid rm10 billion to rm40 billion Press Metal Aluminium Bhd, Pentamaster Corp Bhd &
t Omar, Axiata Group Bhd president BEST CR INITIATIVES market capitalisation Holdings Bhd Frontken Corp Bhd
and group CEO Tan Sri Jamaludin below rm10 billion market Highest return on equity over
e Ibrahim, Sunway Group chairman three years Highest return to shareholders Highest return to shareholders
capitalisation over three years over three years
- Tan Sri Jeffrey Cheah, Khazanah Na- DiGi.Com Bhd
d sional Bhd former managing director Carlsberg Brewery Press Metal Aluminium Pentamaster Corp Bhd
e Tan Sri Azman Mokhtar, Westports Malaysia Bhd Highest growth in profit after Holdings Bhd
] Holdings Bhd executive chairman tax over three years
Tan Sri G Gnanalingam and Dialog Press Metal Aluminium
Holdings Bhd Telecommunications
e Group Bhd executive chairman and super big-cap companies Plantation Sector & Media Sector
t co-founder Tan Sri Ngau Boon Keat. above rm40 billion market
el OCBC Bank (Malaysia) Bhd, a key Highest return to shareholders Highest return on equity over Highest return on equity over
capitalisation three years three years
t partner since the award’s inaugura- over three years
e tion in 2010, returned as the main Highest return on equity over Press Metal Aluminium IOI Corp Bhd DiGi.Com Bhd
n, sponsor for the 10th year. three years Holdings Bhd
- “It’s been a decade now since we Highest growth in profit after Highest growth in profit after
s first started honouring the best of the tax over three years tax over three years
- best, and the winners have always Construction Sector Highest return to shareholders IOI Corp Bhd Astro Malaysia Holdings Bhd
been worthy of the high honours Highest return on equity over over three years
s bestowed on them. Our heartiest three years Hibiscus Petroleum Bhd Highest return to shareholders Highest return to shareholders
congratulations to this year’s winners Sunway Construction over three years over three years
- for going the distance and improving Group Bhd Far East Holdings Bhd TIME dotCom Bhd
- significantly on all counts including
e the important area of sustainability. Highest growth in profit after Financial Services
s, We must all continue to ride the crest tax over three years Sector
e of the wave we are on in order to be Kerjaya Prospek Group Bhd (rm10 billion and above Property Sector Transportation
d, both viable and meaningful for the
market capitalisation) (RM3 billion and above & Logistics Sector
Highest return to shareholders Highest return on equity over market capitalisation) Highest return on equity over
ll future,” OCBC Bank (Malaysia) Bhd
d CEO Datuk Ong Eng Bin said, not- over three years three years Highest return on equity over three years
0. ing how the awards have grown to Kerjaya Prospek Group Bhd Public Bank Bhd three years Lingkaran Trans Kota
ul be recognised as the gold standard UOA Development Bhd Holdings Bhd
e for showcasing Corporate Malaysia’s Highest growth in profit after
h quest to mesh outstanding business tax over three years Highest growth in profit after Highest growth in profit after
y acumen with sustainability, inclusive- Consumer Products CIMB Group Holdings Bhd tax over three years tax over three years
at ness and corporate responsibility. & Services Sector UEM Sunrise Bhd Lingkaran Trans Kota
d Mercedes-Benz Malaysia is the Highest return on equity over Highest return to shareholders Holdings Bhd
official car while Swiss luxury watch- three years over three years Highest return to shareholders
e maker Jaeger-LeCoultre is the sup- British American Tobacco Hong Leong Bank Bhd over three years Highest return to shareholders
r porting sponsor. The year’s out- (Malaysia) Bhd UOA Development Bhd over three years
r standing CEO was presented with Malaysia Airports
f the Master Ultra Thin Réserve de Highest growth in profit after Holdings Bhd
s, Marche timepiece. Present at the tax over three years Financial Services
g dinner were Mercedes-Benz Malaysia AirAsia Group Bhd Sector Property Sector
(below rm10 billion market (below rm3 billion market
a president and CEO Dr Claus Weidner,
and Iñigo Ohlsson, Jaeger-LeCoultre Highest return to shareholders capitalisation) capitalisation) Utilities Sector
t managing director of Southeast Asia over three years Highest return on equity over Highest return on equity over Highest return on equity over
e & Oceania. Guan Chong Bhd three years three years three years
“I thank OCBC, Jaeger-LeCoultre Syarikat Takaful Malaysia Matrix Concepts Gas Malaysia Bhd
a and Mercedes-Benz for their stead- Keluarga Bhd Holdings Bhd
e fast support of the BRC. This pres- Highest growth in profit after
e tigious annual gathering would not Energy Sector Highest growth in profit after Highest growth in profit after tax over three years
d have become Corporate Malaysia’s Highest return on equity over tax over three years tax over three years Gas Malaysia Bhd
g most anticipated corporate awards three years Syarikat Takaful Malaysia IGB Bhd
ceremony without these excellent Petron Malaysia Refining Keluarga Bhd Highest return to shareholders
- partners,” Ho said. & Marketing Bhd Highest return to shareholders over three years
e Details on The Edge BRC members Highest return to shareholders over three years Mega First Corp Bhd
- and award winners will be published Highest growth in profit after over three years Matrix Concepts
t in a special supplement in the Sept tax over three years AEON Credit Service (M) Bhd Holdings Bhd
30 issue of The Edge Malaysia weekly. Dialog Group Bhd
8 HOME BUSINESS
Jomo: Not too late
to cancel ECRL
According to a 1MDB trial witness, it was mooted to bail out the fund
BY TAN XUE YING &
NAZUIN ZULAIKHA KAMARULZAMAN
KUALA LUMPUR: Economist Pro-
fessor Dr Jomo Kwame Sundaram
said it is not too late to cancel the
East Coast Rail Link (ECRL) project
in the wake of the testimony by a
key witness in the ongoing 1Malay-
sia Development Bhd (1MDB) trial
that the megaproject was mooted
to bail out 1MDB.
He said the government is now
presented with a huge opportunity
to reopen the question of whether to
proceed with the project, which he
claims would be a “white elephant”.
“All my position [against the
ECRL] in the past has been based
on publicly available information.
But now we have a very important
disclosure about the circumstances
under which the ECRL was hashed
out,” he told reporters on the side-
lines of a public forum held by the
Institute for Democracy and Eco-
nomic Affairs yesterday.
Jomo was referring to statements
made by former prime minister
Datuk Seri Najib Razak’s former
special officer Datuk Amhari Efendi
Nazaruddin in the High Court last
week that the ECRL and two other
projects that sought investments
from China — Trans-Sabah Gas
Pipeline and Multi-Product Pipe-
line — were proposed to bail out
1MDB and its former subsidiary
SRC International Sdn Bhd.
“Nobody has refuted that and
certainly [Najib’s lead defence coun-
sel] Tan Sri Muhammad Shafee Ab-
dullah, in interrogating the witness,
did not fundamentally challenge the
statements he made,” said Jomo,
who has been a strong critic of the
ECRL project that was originally
slated to cost RM81 billion.
Syed Mokhtar buys another 8% of Media Prima
from Umno’s Altima — sources
BY C H E ST ER TAY
KUALA LUMPUR: Tycoon Tan Sri
Syed Mokhtar Al-Bukhary is be-
lieved to have bought another 7.96%
of Media Prima Bhd through di-
rect business transactions yester-
day from Umno-linked Altima Inc,
raising his ownership in the media
group to more than 31%.
By selling the balance 7.96%,
Altima appears to have disposed
of all its interest in Media Prima.
Through his private vehicle Au-
rora Mulia Sdn Bhd, Syed Mokhtar
is believed to be the buyer in recent
blocks of Media Prima shares sold,
and according to corporate sources,
was also involved in the 7.96% stake
yesterday. The latest acquisition
takes him closer to the 33% mark,
which if reached would trigger a
Following renegotiations by the
Pakatan Harapan government, the
cost has now been revised to RM44
billion.
“The whole project was intended
basically for fundraising, to cover
up. Datuk Amhari’s testimony was
quite clear,” said Jomo.
“It was very clear what the whole
scam was about. I think that forces
this country to take very seriously
what the ECRL was about. It is still
not too late to cancel it or to have a
thorough investigation,” he added.
Jomo, who is research adviser
at Khazanah Research Institute,
said Putrajaya must therefore not
be complicit in continuing to cover
up what the previous government,
or at least its leaders, were trying
to do with public funds.
This is especially so as he be-
lieves there will be a “permanent
albatross” on the Malaysian econ-
omy, as the government will have
to continue subsidising the railway,
unless it is built to be left unused,
which defeats the purpose.
mandatory general offer for the re-
maining shares not owned by him.
Bloomberg data shows that
7.96% or 88.29 million shares in
Media Prima crossed off-market
in two transactions at 4.49pm.
The shares consisted of a block of
87.84 million shares and another
of 451,200 units. Both transactions
were done at 60 sen apiece, valuing
the two blocks at RM52.98 million.
Media Prima’s annual report
for financial year ended Dec 31,
2018 showed that as at Feb 28 this
year, Altima was its fourth-largest
shareholder holding 88.29 million
shares or 7.96%.
On Tuesday, Aurora Mulia,
whose board members include
Syed Mokhtar’s son Syed Danial
Syed Mokhtar Shah, acquired 2.7%
or 30 million shares in Media Prima,
Jomo: The whole
project (ECRL)
was intended
basically for
fundraising,
to cover up.
Datuk Amhari’s
testimony was
quite clear.
Photo by
Sam Fong
Jomo said money should be put
into infrastructure projects that
will ensure an effective and viable
public transportation system in
the country, rather than a railway
system that is going to be tremen-
dously underutilised, and heavily
subsidised not just in construction
but also in its maintenance.
He said the east coast states of
Peninsular Malaysia have other
pressing matters related to the peo-
ple’s well-being, such as water and
sanitation issues, that require more
attention.
“I think we now have a huge
opportunity to reopen the whole
question. I do believe this is the
time when we should not commit
ourselves. It is not a trivial amount.
“I am sure President Xi Jinping,
who has been very tight, strict about
corruption in China, will not want
to be associated with any kind of
corruption — international cor-
ruption — which will also destroy
the reputation of the Belt and Road
Initiative,” he added.
raising its shareholding to 23.26%
or 258.02 million shares.
The purchase was done in a sin-
gle off-market transaction on Tues-
day, at 60 sen apiece, valuing the
block at RM18 million.
This was the same price paid by
Aurora Mulia since July 2, the day it
bought 123.02 million shares from
another Umno-linked company,
Gabungan Kesturi Sdn Bhd.
Including yesterday’s two blocks,
Syed Mokhtar would have spent
an estimated RM207.79 million to
acquire the 346.32 million Media
Prima shares.
Media Prima’s share price has
been hovering between 46 sen and
50 sen since July 2 this year. The
counter closed unchanged at 47
sen yesterday, with a market cap-
italisation of RM521.32 million.
FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
Government
should consider GLC
stake divestment
strategy — IDEAS
BY TA N XUE Y IN G
KUALA LUMPUR: The Institute
for Democracy and Economic
Affairs (IDEAS) has proposed
that Putrajaya perform a review
of government-linked compa-
nies (GLCs) to form the basis
of a divestment strategy, which
targets a gradual disposal of its
shareholding in the GLCs to 10%
of the companies’ total market
capitalisation by 2030.
At present, the government
has a large shareholding in listed
GLCs, which account for more
than 40% of the total market
capitalisation of the Malaysian
stock exchange. Moreover, Pu-
trajaya holds a majority stake
in more than 70 entities, point-
ed out IDEAS research director
Laurence Todd.
“This high government pres-
ence creates concerns over com-
petition and the lack of liquidity
in Malaysia’s capital markets. We
believe that the time has come to
transition from this model,” Todd
said yesterday at IDEAS’ public
forum ahead of Malaysia’s Budget
2020 announcement on Oct 11.
Todd suggested that the first
step is to clarify what the different
objectives are across the GLCs
given the various objectives at
play including the desire for in-
dustrial development, achieving
New Economic Policy goals, or
purely investment returns.
“One of the challenges is that
it is not always clear which in-
vestments were serving which
objectives … The government
can continue to support indus-
trial development without having
majority stakes in a whole bunch
of different companies,” he said,
adding that this can be achieved
by using incentives, for instance.
Additionally, Todd said a gov-
ernment divestment strategy,
where the investments are then
reinvested in different markets,
would be better in generating
long-term returns and savings.
Also present at the forum was
Setiawangsa member of parlia-
ment Nik Nazmi Nik Ahmad,
who pointed out the government
should focus more on regulation,
rather than on companies.
“Where there are no strate-
gic interests for the government
to be in a particular sector, the
government will still play a role
through the regulators.
“For example, when we talk
about aviation, we have the
whole debate about MAS (Ma-
laysia Airlines Bhd). Wheth-
er or not we (the government)
should be there is a question, but
where we should really empower
is Mavcom (Malaysian Aviation
Commission),” he said.
IDEAS’ Budget 2020 propos-
als include a new living wage tax
credit, under which employers
are incentivised but not required
to increase wages up to a new
monthly living wage of RM2,500
per employee.
To ensure that employees can
share the wealth of the country,
IDEAS said the government could
use the establishment of an em-
ployee equity scheme.
Under this scheme, employers
will be incentivised to allocate shares
to employees, who will be encour-
aged to hold on to these assets rather
than sell them for easy cash.
“We propose both these policies
to be introduced in the forthcom-
ing budget and recommend they
be paid for through rationalisation
of existing investment incentives,”
said Todd.
On a broader scale to reduce the
budget deficit, IDEAS suggested
that a capital gains tax at an initial
rate of 5% be introduced in the
longer term, with a tax-free allow-
ance of RM50,000.
“The government should launch
a consultation on the introduction
of this new tax in Budget 2020,”
he added.
‘Rearranging deck chairs
on the Titanic’
Professor Dr Jomo Kwame Sunda-
ram, research adviser at Khazanah
Research Institute, likened current
debates surrounding the forthcom-
ing national budget to “rearranging
deck chairs on the Titanic”.
He stressed that the government
needs to begin to think about what
needs to be done as domestic de-
mand poses a serious problem.
“An expansionary fiscal poli-
cy is now necessary. It would be
prudent, not profligate. And the
main reason for this is because if
you stimulate the economy now,
as the world economy deteriorates
further, we will be better off. We
won’t be able to avert the interna-
tional economic recession, which
is very likely to take place, but at
least we would be slightly better
off,” he said.
Jomo explained that fiscal con-
solidation being the public’s watch-
word is a discredited view, as theo-
retically, the less the public sector
spends, the worse the recession
becomes.
“Countercyclical fiscal policy
has a greater role to play in eco-
nomic stabilisation today. Mon-
etary policy options are limited,
and inadequate to challenge, and
there are no good macroeconomic
reasons to pursue austerity during
downturns, recessions.
“Fiscal consolidation can and
should be delayed under such cir-
cumstances. The risk of fiscal po-
sition worsening can be checked
by growth from fiscal spending,”
he said in his presentation.
However, he stressed that any
fiscal spending should not be a
measure solely to buffer short-term
economic downturn, but to lay the
foundations for medium-term eco-
nomic development as well.
FRIDAY S E P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Kok: M’sian firms will
not be protected if
Jakarta claims are true
Indonesia govt should conduct investigations, produce evidence
PUTRAJAYA: The government
will not protect the four Malay-
sian companies alleged to have
caused the forest fires in Indone-
sia if such claims are proven true,
said Primary Industries Minister
Teresa Kok.
As Indonesia had not provided
concrete evidence with regard to
these claims, it was difficult for her
team to take further action, Kok
said, adding: “These claims have
been made by Indonesia, so the
Indonesian government should
conduct investigations and pro-
duce the evidence”.
“This ministry will not protect
the companies involved if it is
proven that they have committed
wrongdoing,” she told reporters
after the ministry’s monthly as-
sembly yesterday.
Indonesia has alleged that four
AirAsia Group paid RM14.16 million to MAHB, while AXX paid RM27.39 million.
AirAsia, AAX pay MAHB RM41.55m in uncollected PSC
BY CH E ST E R TAY
KUALA LUMPUR: AirAsia Group
Bhd and AirAsia X Bhd (AAX) have
collectively paid RM41.55 million
to Malaysia Airports Holdings Bhd
(MAHB) in uncollected passenger
service charges (PSC).
In filings with Bursa Malaysia
yesterday, AirAsia Group said it
paid RM14.16 million to MAHB’s
wholly-owned subsidiary Ma-
laysia Airports (Sepang) Sdn
Bhd (MASSB), while AAX paid
RM27.39 million, both being the
amounts specified in the garnish-
Malaysian companies, with subsid-
iaries in Indonesia, were responsi-
ble for several cases of forest fires
in the former’s territory resulting
in the haze, as the fires had origi-
nated from plantations used by the
subsidiaries.
The four are IOI Corp Bhd, Sime
Darby Plantation Bhd, TDM Bhd
and Kuala Lumpur Kepong Bhd.
Kok said while no official in-
structions had been issued to the
four conglomerates to provide an-
swers to her ministry or the Indo-
nesian government, she had tak-
en note of the statements issued
by them.
“Until concrete evidence is put
forward, the Indonesian claims
appear to be baseless given the
records of all the Malaysian com-
panies which have adhered to
sustainable oil palm cultivation,”
ee show cause order dated Aug 23.
Both companies said the pay-
ment was made to defray the gar-
nishee execution proceedings and
without prejudice to their rights,
including rights in appeals made
in relation to the judgment order
dated July 18, as well as any con-
nected interlocutory applications.
On Sept 6, MASSB served gar-
nishee show cause orders on three
banks that serve AirAsia and AAX,
directing the banks to set aside
certain funds for the purposes of
payment of the judgment sums.
A garnishee order is a common
she said, adding that the records
were based on internationally rec-
ognised certifications comprising
the Malaysian Sustainable Palm
Oil certification, Roundtable on
Sustainable Palm Oil certification,
and the International Sustaina-
bility and Carbon Certification
system.
Kok said the allegations by the
Indonesian authorities against the
four companies were serious and
had put their reputations at risk,
while indirectly hurting the image
of Malaysia as a palm oil-produc-
ing country.
She added that it was difficult
to believe that companies which
engaged in sustainable practices
would conduct open burning on
their estates as such activities would
negatively impact them as well as
their licences. — Bernama
THE EDGE FILE PHOTO
form of enforcing a judgment debt
against a creditor to recover mon-
ey. Put simply, the court directs a
third party that owes money to the
judgement debtor to instead pay
the judgment creditor. The third
party is called a ‘garnishee’.
On July 18, the High Court ruled
that AirAsia Group and AAX would
have to pay at least RM40.6 million
in unpaid PSC to MASSB.
AirAsia Group’s share price fell
one sen or 0.56% to RM1.79 yester-
day, valuing it at RM5.98 billion,
while AAX closed unchanged at
17 sen.
HOME BUSINESS 9
Stop blaming palm oil
producers and developing
nations — CPOPC
KUALA LUMPUR: It is inaccurate
to direct much of the blame for
the recent haze in Southeast Asia
towards the palm oil industry, as
oil palm plantations are general-
ly not the source of burning, said
the Council of Palm Oil Producing
Countries (CPOPC).
Fires recorded in plantation
areas have generally spread there
from neighbouring areas, where
small fires started, said its execu-
tive director Tan Sri Yusof Basiron.
Expressing the need to correct
the misconception, he said a re-
ductionist approach that simply
blames oil palm farmers is neither
accurate nor constructive.
“A double standard that criti-
cises developing countries, while
ignoring other, bigger, fires, else-
where, is troubling. The ‘blame
game’ — after the fact — doesn’t
help. A more serious and analytical
approach is needed that puts re-
sources into preventing fires from
Prinsiptek, QSE to jointly develop
Langat 2 water treatment plant
BY ARJ U N A C H A N D R A N S H A N K A R
KUALA LUMPUR: Prinsiptek Corp
Bhd has teamed up with QSE Con-
struction Sdn Bhd to jointly develop
the Langat 2 water treatment plant
and water reticulation system in
Selangor and Kuala Lumpur.
Prinsiptek said the joint venture
(JV) is an opportunity for the group
to capitalise on its experience and
expertise in construction projects,
which is in line with its strategy to
develop and grow its construction
segment.
In a bourse filing yesterday,
Prinsiptek said its indirect whol-
ly-owned subsidiary Esa Pile Sdn
Bhd had entered into a JV agree-
ment to jointly undertake the pro-
ject, which was awarded by Pengu-
PUC partners Smuzcity to fortify
online-to-offline services
BY WO NG S W E E MAY
KUALA LUMPUR: PUC Bhd has
teamed up with local technology
firm Smuzcity Bhd to market and
sell Jingdong Logistics Group X
Department (JDX) products on
the Presto digital platform and
further strengthen the company’s
online-to-offline (O2O) services.
In a bourse filing yesterday,
PUC said its wholly-owned sub-
sidiary PUC Ventures Sdn Bhd
had entered into a memorandum
of understanding with Smuzcity
to set up a Jingdong unmanned
technology-enabled store in Quill
City Mall here for the Jingdong
unmanned supermarket project.
The store will display and sell
products from China and Asean
via the O2O model.
spreading,” he said in a statement.
Yusof said forest fires are global
problems, citing recent wildfires
in Russia, Australia and Califor-
nia. He noted that there were no
calls for bans or boycotts of either
Russian products or of Australian
beef and sugar cane.
In Southeast Asia, governments
— notably Singapore and Indone-
sia — have held the responsible
actors to account, he said.
They have acted against pulp
companies responsible for many
of the Sumatra fires.
“Yet it has been palm oil prod-
ucts — not paper products — that
have borne much of the criticism
outside the region,” he said.
Yusof explained that smallhold-
ers had used burning as part of
“swidden” agriculture for centu-
ries in Asia, Europe and the rest of
the world. Fire clears vegetation
and the ash leaves nutrients in the
soil. — Bernama
rusan Aset Air Bhd in June.
Under the JV, Prinsiptek is enti-
tled to 92.5% of the contract value of
RM24.9 million. Additionally, QSE
will be the contract manager for the
project, while Esa is slated to be the
contractor and project manager.
The JV agreement will be for 24
months and will commence oper-
ations immediately.
“The estimated total cost of
the project is expected to be up to
90% of the contract sum, which is
expected to be incurred over the
project period,” Prinsiptek said,
adding that it will fund the project
through internal funds and/or bank
borrowings.
Prinsiptek believes that the JV
would enhance the group’s growth
potential.
“Shoppers will only need to
scan a QR code to enter the un-
manned store, pick their favourite
products off the shelves and walk
out from the store.
“The product payment will then
be charged to their account ac-
cordingly,” PUC group managing
director and chief executive officer
Cheong Chia Chou said in a sep-
arate statement.
He added that the company is
enhancing the financial element
of the Presto ecosystem by intro-
ducing credit and more payment
features for greater user exposure.
Smuzcity is the first partner of
China's JD Logistic Group’s logis-
tics innovation lab known as JDX
in conducting the Jingdong X un-
manned business project in Ma-
laysia.
10 H O M E B U S I N E S S
Eco World
Development 3Q
earnings jump 81%
EWI, meanwhile, sees its net profit rise by more than four times
BY C H E ST ER TAY
KUALA LUMPUR: Eco World De-
velopment Group Bhd’s (EcoW-
orld) third-quarter (3Q) net profit
jumped 81.6% to RM50.48 million
from RM27.8 million a year ago,
thanks to higher proportion of
completed or near completion
units sold and a higher percentage
of completion attained by various
ongoing projects.
Earnings per share (EPS) for the
quarter ended July 31, 2019 rose to
1.71 sen, from 0.94 sen previously.
In a filing with Bursa Malaysia,
EcoWorld attributed its improved
earnings to a higher share of results
from its Malaysian and interna-
tional joint ventures (JVs).
The group said quarterly reve-
nue grew 14.7% to RM521.37 mil-
lion, from RM454.65 million a year
earlier.
For the nine-month period of
financial year 2019 (9MFY19), the
group’s net profit rose by 51.2% to
RM121.97 million from RM80.69
million in the previous corre-
sponding period, while revenue
grew 2.1% to RM1.56 billion from
RM1.52 billion.
EPS for 9MFY19 rose to 4.14 sen,
from 2.74 sen previously.
Going forward, EcoWorld said
the future revenue attributable to
the group amounted to RM5.86
billion as at end-August, which
would be translated into profit
within the next three years.
Of this future revenue, RM4.3
billion is from Malaysian projects
and RM1.56 billion from projects
abroad.
Revenue from overseas projects
came from the group’s 27%-owned
Eco World International Bhd
(EWI), which saw its 3Q net prof-
it shoot up by more than four times
to RM57.94 million, from RM12.85
million a year ago. EPS rose to 2.41
sen, from 0.54 sen previously.
EWI’s filing with the stock ex-
Lion Air investigating passenger data breach
BY H AR RY SU H A RTON O
JAKARTA: PT Lion Mentari Airlines,
Indonesia’s biggest private carrier,
is investigating a breach that led
to personal data of passengers on
its Malaysian and Thai units being
leaked online.
Malindo Airways’s passenger
information, which is hosted on
cloud-based services, may have been
compromised, the carrier said in a
statement. Malindo is working with
Teow says the group is on track to hand
over all the remaining residential blocks
at London City Island and Embassy
Gardens. The Edge file photo
change showed that its revenue for
the quarter was RM224,000. The
group did not record any revenue
in the year-ago 3Q.
EWI derives most of its revenue
from its JV projects and the group
said the higher profitability was
mainly due to higher recognition of
revenue and profit by its JV projects
in the UK, following completion
and commencement of handover
of units sold to customers.
Additionally, the group also at-
tributed its performance in the
quarter under review to the com-
mencement of revenue and profit
recognition of EcoWorld London’s
built-to-rent (BtR) sales and un-
realised foreign exchange (forex)
gain reported in the current quar-
ter, as opposed to unrealised fo-
rex loss reported in the previous
corresponding quarter.
its data service provider Amazon Web
Services Inc and e-commerce part-
ner GoQuo to look into the breach.
“We are still investigating the ex-
tent of the problem,” Daniel Putut,
a director at the Indonesian carrier,
said by phone. “It is only affecting the
Malaysian and Thailand operations.”
Airlines have been the subject of
several high-profile data breaches in
recent years, with hundreds of thou-
sands of British Airways and Delta
Air Lines Inc customers having their
“Revenue recorded by the
group’s joint-ventures totalled
RM892.85 million, of which the
group’s effective share [uncon-
solidated] amounted to RM629.33
million,” it said.
EWI said future revenue attrib-
utable to it in its JVs amounted to
RM5.76 billion as at Aug 31, and
is anticipated to be translated into
revenue and share of profits in
FY19 and FY20.
“The group is maintaining its
sales target of RM6 billion to be
achieved over FY19 and FY20. Po-
tential BtR deals in the UK that are
being pursued are expected to be
the key sales driver in these two
financial years. The two-year sales
target is to allow management the
requisite time to negotiate the best
possible terms on potential en
bloc BtR sales to institutional in-
vestors,” it said.
In a separate statement, EWI
president and chief executive of-
ficer Datuk Teow Leong Seng said
the group is on track to hand over
all the remaining residential blocks
at London City Island and Embas-
sy Gardens, and will be handing
over Wardian London and both
Australian projects, namely West
Village in Sydney and Yarra One
in Melbourne next year.
“Our BtR blocks in Kew Bridge
have also achieved Golden Brick,
which enabled the project to start
recognising revenue and profits.
FY19 and FY20 will therefore be
very strong years for EWI, as the
bulk of our RM5.8 billion future
revenue as at Aug 31 is translated
into revenue and share of profits
from JVs — this provides our share-
holders with very good near-term
earnings visibility,” he said.
EWI’s share price closed un-
changed at 63.5 sen yesterday, with
a market capitalisation of RM1.52
billion, while EcoWorld also re-
mained unchanged at 64.5 sen,
valuing the group at RM1.9 billion.
information hacked since 2018. In
October, Hong Kong’s Cathay Pacific
Airways Ltd disclosed that hackers
accessed personal information on
9.4 million customers, making it the
world’s biggest airline data breach
at the time.
Malindo does not store any pay-
ment details, it said in the statement.
The carrier is notifying relevant au-
thorities including CyberSecurity
Malaysia about the breach, it said.
— Bloomberg
FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
LBU urges continuation
of PDP model for Pan
Borneo Highway
BY AR J UN A C H A N D R A N S H A N K A R
KUALA LUMPUR: Lebuhraya Bor-
neo Utara Sdn Bhd (LBU), the pro-
ject delivery partner (PDP) for the
Sarawak portion of the Pan Borneo
Highway, is hoping that the infra-
structure project can be completed
using the PDP model.
In a statement, LBU said it had
forecasted that the construction
model would not be changed.
“Market talk of termination of the
PDP surfaced following the change
in government in mid-2018. LBU
had anticipated that it would not
be terminated after having achieved
a potential savings of RM2 billion
and driving its contractors to meet
their respective project progress
timeline,” it said.
The company added that it had
worked closely with both the Sar-
awak and federal governments on all
aspects of the project delivery such
as design, planning, governance,
procurement, monitoring progress,
ensuring quality, capacity building
and bumiputera participation.
LBU explained that as a PDP, it
acts as a partner and an extension
arm of the government.
“You cannot do as you like. The
government is the decision-maker;
PDP does the groundwork and drives
implementation,” it said.
The PDP noted that the first
phase of the Pan Borneo Highway
in Sarawak involves the construc-
tion of a four-lane dual carriageway,
measuring 786km in length from
Telok Melano to Miri. The construc-
tion has been divided into 11 work
packages, which comprise 25 indi-
vidual sections.
As at the end of August, over
160km of the Sarawak Pan Borneo
Highway’s first two carriageways
have been partially completed to
divert live traffic. It was forecasted
that by the end of the year, a total of
396km of the first carriageway will
be opened to traffic.
“At the same time, work will con-
tinue unhindered on completing the
second carriageway,” the PDP said.
As at Aug 25, overall actual work
progress by work package contrac-
tors (WPCs) for the 25 sections had
reached an average completion
rate of 45%, with some sections
KAB subsidiary offers energy
efficiency services to KL mall
BY C H O N G J IN H UN
KUALA LUMPUR: Kejuruter-
aan Asastera Bhd’s (KAB) whol-
ly-owned subsidiary KAB Technol-
ogies Sdn Bhd (KABT) is offering
its energy efficiency expertise to
the Bandar Mahkota Cheras Mall
here under an agreement to un-
dertake an energy performance
contract via chiller optimisation
at the retail property.
In a statement to Bursa Malaysia,
KAB said KABT yesterday signed
the agreement with property de-
55% to 63% completed.
LBU highlighted that the section
of Batang Rajang (Durin) Bridge un-
der WPC 07 in Sibu was 87.2% com-
pleted as at end-August.
LBU explained that each work
package ranges between 60km and
95km in length and the mainline
consist of 115 pairs of bridges, 25
interchanges, traffic barriers, road
signage, overhead pedestrian bridges,
rest and service areas, lay-bys, and
bus shelters.
“The cost per kilometre for road-
work on the Pan Borneo Highway
Sarawak is estimated at RM15.97
million, covering utilities relocation
and road furniture across various
terrain, including deep foundations
and soft ground conditions mainly
found in central Sarawak. Inclusive
of costs to construct bridges and in-
terchanges, the cost per kilometre
would then be RM19.36 million,”
noted the company.
The main contractors undertaking
the work were pre-qualified based
on pre-set and agreed-on technical
and commercial selection criteria.
LBU said it has seen Sarawak
bumiputera participation exceed
32.34% of the project’s total contract
value, equivalent to RM5.2 billion of
work having been identified to be
Sarawak bumiputera contractors.
“Rumours in the market got all
parties involved in the project jit-
tery. It certainly affected the good
progress rate achieved in previous
months. This is very sad as all this
disruption may affect the continu-
ation and overall completion of the
highway,” the PDP opined.
In a report on Sept 6, sources had
indicated to The Edge Financial Dai-
ly that the government had moved
to terminate the PDP model for the
Sarawak stretch of the Pan-Borneo
Highway citing cost saving.
The decision to terminate the
PDP agreement was made after the
cabinet’s deliberation at a meeting
a few days prior.
The highway is slated for comple-
tion by the end of December 2021.
Works Minister Baru Bian indicat-
ed that as of July this year the first
phase of the Pan Borneo Highway
in Sarawak was 45% completed,
ahead of the scheduled completion
rate of 43%.
velopment and investment compa-
ny Foremost Wealth Management
Sdn Bhd.
KAB said: “This is an expansion-
ary strategy for KAB to establish a
steady stream of recurring revenue
to the group through its subsidiary
KABT that specialises in energy effi-
ciency. This allows the group to offer
a more diverse range of services.”
“The agreement shall com-
mence on the date of the agree-
ment and shall continue [to be] in
force for a period of six years from
the date of first payment,” it added.
FRIDAY S E P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
This lesser-known Singapore
property play pays 51%
Data centre REITs are now a globally popular investment
BY A N DY M U K H ERJEE
HONG KONG: Singapore is a major
Asian refining hub, though it does
not have a drop of crude petroleum.
Now, the tiny country is punching
above its weight in data. The upshot
for investors: An asset class that
pays 51% in a world where earning
even zero is increasingly a luxury.
There is a limit to how many bits
and bytes even a busy financial
centre of 5.6 million people can
produce. Yet, measured by pow-
er supply, Singapore is now the
world’s largest repository for stor-
ing and processing data. Facebook
Inc alone is setting up an 11-storey
facility, its first such custom-built
centre in Asia. Data-centre real es-
tate investment trusts (REITs), or
landlords who take money from
public shareholders to own and
manage server farms for rent-pay-
ing technology (tech) clients, are
now a globally popular investment.
Singapore has unique attrac-
tions. Some are technical, such as
low-latency connectivity. Anoth-
er is that its investors are wealthy
and old. Assured returns today
excite them more than uncertain
growth tomorrow. If global tech
is a gold rush, Singaporeans are
happy to pour money into the
picks and shovels.
Consider two current deals. Kep-
pel Data Centre REIT, which is seek-
ing a combined S$478.2 million
(RM1.45 bilion) from a private sale
of shares and a preferential issue,
saw the placement fully covered
within the first hour of bookbuild-
ing at the top of the price range.
Shares have risen 44% over the past
year. Including dividends, the re-
Portugal is Europe’s hottest property market
BY H EN R I Q UE A L MEI DA
LISBON: Ana Guerreiro points across
the street at a handful of housing
projects in Lisbon’s up-and-coming
riverside neighbourhood of Marvi-
la. It is where she moved in with her
mother last year after soaring rents
meant she could no longer afford
to live alone.
“Prices have gone through the roof
here,” said Guerreiro, 33, stepping
outside the cafe where she waitress-
es for a break.
Portugal is western Europe’s most
dynamic property market thanks to
tax incentives for foreign buyers and
a so-called golden visa programme,
which offers residence permits in
return for a minimum €500,000
(RM2.32 million) investment. The
turns have been 51%. Keppel data
centre will use the newly-raised
funds to expand its portfolio to
S$2.58 billion, spread across 17
data centres globally.
A landlord for data
A world awash in cash helps boost
the attractiveness of REIT dividends
for small savers who would other-
wise have to lunge for risk to earn
decent yields. Not surprisingly, Ma-
pletree Industrial Trust increased
the size of its private placement
to S$400 million after it was cov-
ered 6.3 times. The Singapore REIT,
which wants to acquire data cen-
tres in North America, has handed
30% returns to investors over the
past year.
Will the good times last? Singa-
pore has its drawbacks. The island
became the “Houston of Asia” be-
cause it had a deep-water seaport
and a large rig-building industry.
The oil of the 21st century is a dif-
ferent industry. Data travels along
copper wires and gets stored in
micro-thin wafers of metal com-
pounds, which have a tendency
flip side for people like Guerreiro
is that they have become collateral
damage with no prospect of prices
cooling any time soon.
Foreign investors have pumped
€4.3 billion into Portuguese real
estate through the residency pro-
gramme since it began in 2012. Prime
Minister Antonio Costa, who is widely
expected to win a second term in an
election next month, has signalled
the country needs the incentives to
continue to bring in money. Foreign
Minister Augusto Santos Silva even
called the programmes a “sovereign
right.”
Lisbon has become a magnet for
tourists in Europe as many investors
renovate properties and turn them
into short-term rentals through sites
like Airbnb. The short-term rentals
to heat up. The ideal storage cen-
tre would be in a place where the
electricity consumed in keeping
servers cool is not as high as in
tropical Singapore. Every watt of
power that goes into computing
as much as 0.78 watts has to be set
aside to beat the year-round heat
and humidity.
Neither does it help that real
estate is scarce. Even with land
reclaimed from the sea, Singapore
remains smaller than Rhode Island.
Still, Singapore’s long-term ad-
vantage comes from being tiny,
especially if Hong Kong founders
as a rival.
Sprawling data centres in China’s
Inner Mongolia, as well as India
or Indonesia, will primarily serve
domestic digital content and com-
merce. They will also be fraught
with politics. Populous countries
will insist on being able to trace
their citizens’ online behaviour in
the name of national security. Lo-
calisation is one price global tech
firms will have to pay to access these
sizeable markets. With New Delhi
weighing a law that would make
have been blamed for increasing
prices because they target visitors
who can afford to pay more than
locals.
According to the latest figures,
Portuguese property prices increased
9.2% in the first quarter of the year,
the biggest gain in the euro region
and the steepest rise in the Euro-
pean Union after Hungary and the
Czech Republic, according to data
compiled by Eurostat.
“They just can’t afford to say
no,” said Tiago Caiado Guerreiro, a
lawyer here who specialises in tax
legislation. “These incentives have
turned cities here into a magnet for
foreign investors who helped put
the city on the map as a top tourist
destination.”
Indeed, a short distance from
Filepic of the central
business district in
Singapore. Singapore
offers predictable
rule of law and
infrastructure to
give tech companies
a comfort level for
storing their most
valuable resource.
Photo by Reuters
local storage mandatory, mining
tycoon Gautam Adani wants to in-
vest US$10 billion (RM41.9 billion)
in server farms in just one state.
He is waiting to sign up the likes
of Amazon.com Inc and Google.
Alphabet Inc’s Google, which
has no data centres in China, has
been in talks with Tencent Holdings
Ltd and several other Chinese firms
to bring in its cloud services. How-
ever, in China’s case, an additional
complication is the trade war. It is
not clear if Alphabet’s plans to offer
Google Drive and Google Docs on
the mainland will proceed apace
amid increasing scrutiny by a hawk-
ish establishment in Washington.
Singapore, run by the same polit-
ical party since 1959, offers predict-
able rule of law and infrastructure
to give tech companies a comfort
level for storing their most valua-
ble resource. On land costs alone,
neighbouring Malaysia would be
cheaper. But when deciding to set
up a data centre, investors assign a
far bigger weight to future risks. And
that is where small, stable Singapore
earns its big pay-off. — Bloomberg
where Ana Guerreiro works, a line
of new condominium developments
is emerging behind colourful murals
and graffiti-covered walls, luxury
homes marketed mainly to a new
generation of foreign residents.
Variations on Portugal’s incentives
have been adopted across Europe
and in countries around the world
— from the US and Canada to Spain
and Greece. They tend to last until a
critical mass of vocal opponents con-
clude the costs outweigh the benefits,
and politicians drop them.
Portugal’s particular circumstanc-
es may forestall that outcome for
longer than in other places as there
are still plenty of properties in need
of renovation, and prices remain
relatively reasonable compared with
other parts of Europe. — Bloomberg
P R O P E RT Y 1 1
‘Blackstone
nears US$2.9b
deal for
Great Wolf’
BY G IL L IA N TA N
& K IE L PO RT E R
NEW YORK/CHICAGO: Cen-
terbridge Partners is nearing a
deal to sell indoor water-park
operator Great Wolf Resorts
Inc to Blackstone Group Inc,
according to people with
knowledge of the matter.
Any transaction would val-
ue Great Wolf at at least US$2.9
billion (RM12.15 billion), in-
cluding debt, said one the peo-
ple, who requested anonymity
because the talks are private.
Any deal would likely be led
by Blackstone’s real estate in-
vestment arm, another per-
son said.
No transaction has been
finalised and talks between
the buyout firms could still
fall through, the people said.
Representatives for Black-
stone and Centerbridge de-
clined to comment.
New York-based Center-
bridge is considering options
including a sale for Great Wolf
after receiving unsolicited
takeover interest, Bloomberg
reported in April.
Blackstone is familiar with
theme park companies, which
are benefitting from higher
consumer spending on travel
and leisure. The firm nearly
tripled its money on a sev-
en-year investment in SeaWor-
ld Entertainment Inc. In June,
Blackstone agreed to help buy
the owner of Legoland theme
parks for about US$6.1 billion.
— Bloomberg
Japan’s land
prices rise for
second year
BY L E IK A K IH A R A
TOKYO: Japanese land prices
rose for the second straight
year in the year to July with
the increase spreading be-
yond big cities, a govern-
ment survey showed, a sign
the benefits from the central
bank’s ultra-low interest rate
policy are broadening.
The 0.4% increase in av-
erage land prices was faster
than the previous year’s 0.1%
gain and driven partly by ris-
ing property prices in region-
al Japan, the survey showed
yesterday, underscoring the
strength of the economy’s re-
covery.
The survey by the land
ministry captures the price of
land on July 1 and compares
the rate of growth against the
same period a year earlier.
Land prices are among
data closely watched by the
Bank of Japan to gauge how
its ultra-loose monetary pol-
icy is affecting the economy
and asset prices. — Reuters
12 H O M E
Body cameras for law enforcers
Government agrees to implement the measure to prevent misconduct — PM
PUTRAJAYA: The government has
agreed to implement the use of
body cameras on law enforcement
officers such as police, immigration
and customs to overcome issues of
misconduct, Prime Minister Tun Dr
Mahathir Mohamad said.
He said the proposal for the use
of body cameras had been accepted
as there had been various allega-
tions of misconduct by officers on
duty, such as beating the person
being investigated.
“The officer on duty will wear
body cameras and when he or the
client (the person being investigat-
ed) talks, it will be captured by the
cameras. We can see what the of-
ficer is doing to the client,” he told
reporters after chairing a Special
Cabinet Committee on Anti-Cor-
ruption meeting here yesterday.
However, Dr Mahathir said the
date of implementation of the use
of body cameras had yet to be fi-
nalised as it would incur certain
costs for the government.
Besides the use of body cam-
eras, he said that in the meeting,
it was also agreed that the use of
technology by the Royal Malaysian
Customs Department should be
stepped up through the setting up of
a control centre to monitor through
closed-circuit television (CCTV) and
use more scanning machines with
Peninsular API
readings down,
Sarawak’s worsen
KUALA LUMPUR: While the Air
Pollutant Index (API) readings
in most parts of Peninsular Ma-
laysia had dropped as of noon
yesterday, the air quality in six
areas of Sarawak continued to
worsen with Mukah being the
latest area to reach a very un-
healthy API level. According to
the Malaysian Air Pollution In-
dex Management System por-
tal, Mukah recorded a reading
of 208, a rise from 197 at 8am.
The API in Kuching and Sa-
marahan remained very un-
healthy with readings of 270
and 224 respectively. Other ar-
eas of Sarawak that recorded
very unhealthy readings were
Sibu (245), Sarikei (237) and
Sri Aman (212). In Peninsular
Malaysia, most areas showed
a decline in the API, includ-
ing Johan Setia in Klang with
a reading of 169 (unhealthy),
compared with 260 (very un-
healthy) at 3pm on Wednesday.
But the number of areas re-
cording unhealthy air quality
with readings above 101 in-
creased to 39 yesterday, com-
pared with 35 on Wednesday.
An API of zero to 50 indicates
good air quality, followed 51
to 100 (moderate), 101 to 200
(unhealthy), 201 to 300 (very
unhealthy), and 301 and above
(hazardous). — Bernama
Dr Mahathir (centre) at a press conference after chairing a Special Cabinet Committee on Anti-Corruption meeting at Perdana Putra
yesterday. Also present were Chief Secretary to the Government Tan Sri Dr Ismail Bakar (right) and director-general of the National
Centre for Governance, Integrity and Anti-Corruption Tan Sri Abu Kassim Mohamed. Photo by Bernama
artificial intelligence technology.
He said this would address the
issue of the country losing between
RM3 billion and RM5 billion a year
in revenue due to integrity prob-
Mestecc awaits go-ahead from cabinet
to draft Transboundary Haze Act
PETALING JAYA: The energy, sci-
ence, technology, environment and
climate change ministry (Mestecc) is
waiting for the green light from the
cabinet to draft the Transboundary
Haze Act.
Minister Yeo Bee Yin said the
matter had been discussed in the
cabinet meeting on Wednesday and
if the cabinet was to agree, the min-
istry would immediately proceed to
enact the act as a long-term reso-
lution in solving haze problems in
the country.
“It (the act) is to take action
against Malaysian companies that
have caused haze not only in Indo-
nesia but elsewhere abroad,” she
told reporters after a briefing on
cloud-seeding operations by the
Miros sheds light on road safety during haze
KUALA LUMPUR: The Malaysian
Institute of Road Safety Research
(Miros) has advised the public to be
more careful when driving to avoid
road accidents during the haze.
Its director-general Dr Siti Za-
harah Ishak said although records
in the Royal Malaysia Police da-
tabase show that more accidents
occur during good weather due to
high speed, the risk of accidents
lems of officers and a lack of mod-
ern technology at checkpoints.
Dr Mahathir said monitor-
ing through CCTV would also be
stepped up at all entry points in
Royal Malaysian Air Force at its
Subang base here yesterday.
Yeo said among the provisions to
be provided for in the law would be
the power to have Malaysian-owned
plantations that cause fires overseas
be tried in Malaysian courts.
“I will seek advice from the at-
torney-general on how we can draft
this act and what we can do to make
Yeo says even if laws are
enacted, regional and
international cooperation
is still needed to resolve
the transboundary haze
issue. Photo by
Bernama
in bad weather is also high due
to slippery road conditions and
low visibility.
In this regard, Miros has provided
some road safety guidelines to help
road users drive and ride in these
unfavourable weather conditions.
“Due to low visibility, road users
are urged to make sure all vehicle
lights are functioning properly
and to turn them on to increase
FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
the country and the Immigration
Department’s detention depots
to facilitate stricter checks and in-
crease the efficiency of the depart-
ment and its officers. — Bernama
it effective in addressing the haze
problem,” she said.
However, Yeo said even if laws are
enacted, regional and international
cooperation is still needed to resolve
the transboundary haze issue.
She said communications among
Asean countries are important, add-
ing that she would seek a telecom-
munications session with the Asean
secretary-general to express Ma-
laysia's views for an effective
mechanism at the Asean lev-
el and long-term solutions.
Meanwhile, she said
the cloud seeding opera-
tion yesterday was made
possible due to favourable
cloud conditions. —
Bernama
the visibility of other road users.
“Avoid using the high beams
because water particles in the air
can absorb and reflect that light,
and only use the high beams when
necessary. If visibility is low, turn
on the fog lights,” she said in a state-
ment here yesterday.
She said a high illumination rate
of fog lamps could increase the vis-
ibility rate. — Bernama
IN BRIEF
‘Rahmatan Lil Alamin’
concept to be presented
to cabinet next month
KUALA LUMPUR: The Rah-
matan Lil Alamin concept is
expected to be adopted as a
new government policy once
it is approved by the cabinet,
said Minister in the Prime Min-
ister’s Department Datuk Seri
Dr Mujahid Yusof Rawa. Muja-
hid said the working paper on
the concept will be presented
in a cabinet meeting by early
October. The Rahmatan lil Al-
amin concept, which means
“Mercy to All Creations”, had
been approved by the Rulers’
Council and the Islamic Na-
tional Council for Islamic Reli-
gious Affairs Malaysia, he said
at the launch of the Rahmatan
lil Alamin International Semi-
nar at the International Islamic
University Malaysia here yes-
terday. — Bernama
Malaysia offers to
help fight Indonesian
forest fires
PUTRAJAYA: Malaysia has nev-
er asked Indonesia why it did
not accept its offer of assistance
to combat the haze-causing for-
est fires in the republic, Prime
Minister Tun Dr Mahathir Mo-
hamad said after chairing a
meeting of the Special Cabinet
Committee on Anti-Corruption
here yesterday. He said Malay-
sia had offered assistance to
tackle the forest fires in Indo-
nesia as it had water-bombing
equipment. When asked at a
news conference why Indone-
sian President Joko Widodo was
not willing to accept Malaysia’s
offer, Dr Mahathir said: “I don’t
know why.” — Bernama
Liew: Defence ties with
Japan must go deeper
KUALA LUMPUR: Defence ties
between Malaysia and Japan
should not be limited only to
purchases of defence equip-
ment, said Deputy Defence Min-
ister Senator Liew Chin Tong, as
it should also lead to cooper-
ation in the defence industry,
which is much deeper and for a
longer period of time. “A deep-
er relation is necessary, taking
into account the availability of
a civil and commercial supply
network with the presence of
Japanese companies in Malay-
sia,” he said through a statement
issued by the defence ministry
yesterday. — Bernama
Two million face masks
distributed to students
KUALA LUMPUR: Approxi-
mately two million face masks
have been distributed to stu-
dents in areas affected by haze
across the country, Deputy
Prime Minister Datuk Seri Dr
Wan Azizah Wan Ismail said
yesterday. The government
through the National Disaster
Management Agency had so far
sent 500,000 face masks to Sar-
awak and 1.5 million to other
affected states, she told report-
ers after distributing 2,000 N95-
type face masks to the public
at Kuala Lumpur Sentral here.
— Bernama
FRIDAY S E P T E MBE R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY 13
14 B R O K E R S’ C A L L FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

Healthy profitability, Most of TNB

profits expected
to remain intact,

asset quality seen in banks regulated under

Banking sector
Maintain neutral: We attended a
briefing in conjunction with the
release of Bank Negara Malaysia’s
(BNM) first-half Financial Stabil-
ity and Payment Systems Report
on Wednesday evening and came
away with a “neutral” view. Ma-
laysian banks exhibited reasona-
bly healthy profitability and asset
quality, with more than sufficient
capital buffers against potential
stress despite thinning margins
and some credit pullbacks. Several
sectors on the corporate front also
saw signs of recovery, notably oil
and gas (deleveraging) and con-
struction (a return of major infra-
structure projects and improving
order books), translating into better
debt protection metrics.
However, BNM highlighted sev-
eral risks, notably an expanding glut
in commercial real estate supply,
softening global growth impact-
ing corporate earnings, elevated
household debt levels for lower
income households and risks from
cyberattacks.
In BNM’s view, the banks had
continued to show strong profita-
bility even amid narrower net in-
terest margins and slowing credit
growth, fuelled by lower provisions
and better cost efficiencies. Of note,
BNM acknowledged weak demand
for credit in the small and medium
enterprise segment. The banks were
also bolstered by better trading and
investment income arising from bet-
ter bond valuations. Asset quality,
although deteriorating recently (the
gross impaired loan ratio had risen to
1.6% as at end-June 2019 from 1.5%
as at end-December 2018) for specif-
ic corporates in the manufacturing
and agriculture sectors, is sound with
sufficient loan loss buffers against
BNM’s multi-year stress tests.
BNM has expressed concerns
about the current overhang of hous-
ing and commercial properties,
which are both expected to persist
beyond the immediate term. Nota-
bly, substantial new office and retail
space is expected over the next two
years, which could displace older
properties and exert further stress
on the banks despite growing de-
mand for properties priced below
RM300,000 and with few outward
signs of eroding commercial values.
However, the banking sector’s over-
all exposure to property develop-
ers with unsold housing units and
commercial real estate (specifically
offices and shopping centres) is rel-
atively small at 2% and 3% of total
system loans respectively.
The official implementation
We still have a
‘neutral’ view
on the banking
sector, with limited
earnings catalysts
given moderating
economic growth,
cautious sentiments
and an increasingly
competitive market.
date of the net stable funding ra-
tio (NSFR) requirements is July
1, 2020. For now, 85% of Malay-
sian banks are in compliance, with
a banking-system NSFR level of
108.5%. Separately, BNM has no
plans to change its view on coun-
tercyclical buffers currently at 0%.
The central bank expects to release
the final form of its guidelines for
domestic systematically important
banks buffers by end-2019. Further
updates on BNM’s digital banking
framework will likely to only be
available towards year end.
On the potential convergence
between the standardised and In-
ternal rating-based (IRB) approach-
es towards credit risk measurement,
current IBR
there is an observed gravitation
towards the latter since the imple-
mentation of Malaysian Financial
Reporting Standards 9, but this is
not mandated by BNM. Measures
to reduce the variability among the
banks’ IRB models are ongoing, so
it is expected to fall over time. We
note that the introduction of the
Basel 4 international regulatory
framework in the future would also
seek to address this.
We still have a “neutral” view on
the banking sector, with limited earn-
ings catalysts given moderating eco-
nomic growth, cautious sentiments
and an increasingly competitive mar-
ket. Although non-interest income is
currently buoying banking revenue,
it remains to be seen if this can hold
up beyond the immediate term. Mar-
gins and loan growth are unencour-
aging, with potential headwinds from
policy action and further softening
of the credit cycle. Deposit competi-
tion will likely persist until the NSFR
compliance deadline, albeit at less
aggressive rates compared with 2018
levels. We are more selective in our
picks, preferring banks with resil-
ient earnings profiles and potential
near-term upsides. Our top picks are
BIMB Holdings Bhd, RHB Bank Bhd
and Hong Leong Bank Bhd. — Alli-
anceDBS Research, Sept 19
Utilities sector
Maintain neutral: It was reported
in the press that the government
had approved Malaysia Electric-
ity Supply Industry (Mesi) 2.0,
a 10-year master plan to reform
the domestic power industry. Al-
though there is still a lack of de-
tails, Energy, Science, Technol-
ogy, Environment and Climate
Change Minister Yeo Bee Yin has
revealed some insights. Changes
will be implemented gradually but
ultimately, the key objective is to
lower overall tariffs for end users,
in our view. We reiterate “neutral”.
There will be drastic changes
to purchasing power agreements
(PPAs) for new power plants as the
government intends to shorten the
tenure of a PPA from the typical
21 years. New PPAs will no longer
be entitled to lock up guaranteed
electricity payments as independ-
ent power producers will be able
to procure their own fuel sources
and the single buyer will then in
theory procure electricity from the
cheapest generator. Although the
move will likely lower the guar-
anteed return of new PPAs, it will
help to promote competition and
efficiency among generators. We
view the decision to move to a hy-
brid model as positive as the gov-
ernment still controls and restricts
the overall availability of capacity,
limiting the risk of an overcapac-
ity. Current PPAs will be allowed
to be completed based on their
existing terms.

Better q-o-q performance expected for Hartalega
Hartalega Holdings Bhd
(Sept 19, RM5.29)
Upgrade to neutral with a higher
target price (TP) of RM5.20 from
RM4 previously: We believe that
the oversupply episode faced by
glove makers previously is now
done and dusted, and the oper-
ating environment is improving.
Based on our channel checks,
glove makers are experiencing
an uptick in demand. We believe
that the pickup in sales is par-
tially due to the US-China trade
war as some Chinese manufac-
turers are diverting their orders
to other countries to avoid tariffs
imposed by the US government.
However, due to a delay in the
commissioning of Plant 6, Har-
talega Holdings Bhd is not able
to fully capture and benefit from
the uptick in demand in fore-
cast financial year 2020 (FY20F).
We revise downwards our FY20
earnings forecast by 14% after
factoring in lower margins due
to higher cost per unit. For FY21
to FY22, we forecast 10% to 14%
earnings growth, mainly due to
higher sales volumes as capacity
expansion kicks in. Considering
the improving operating land-
scape as we move into 2020, we
raise our TP to RM5.20, from RM4
previously, rolling over our val-
uation to forecast calendar year
2020 (CY20F) and pegging a high-
Hartalega Holdings Bhd
FYE MARCH (RM MIL) 2018A
Revenue 2,405.6
Gross profit 614.8
Op profit 534.4
Pre-tax profit 526.4
Net profit 438.9
EPS (sen) 13.1
PER (x) 40.0
DPS (sen) 7.8
Dividend yield (%) 1.5
Sources: Company, PublicInvest Research estimates
er price-earnings multiple of 35
times, which is near one standard
deviation of its five-year histor-
ical mean. As such, we upgrade
Hartalega to “neutral”.
Following the oversupply con-
dition previously, some glove mak-
ers have pushed back their expan-
sion plans from CY19 to CY20 to
rebalance demand and supply.
The deferment of their expansion
plans has resulted in less intense
competition among glove produc-
ers. Glove makers have also been
seeing a surge in demand for ni-
trile gloves from June. In view of
the increase in demand, we be-
lieve that average selling prices
(ASPs) can be revised upwards
easily to accommodate and fully
pass on increases in gas cost and
The changes to Tenaga Nasional
Bhd (TNB) under Mesi 2.0 did not
come as a surprise as TNB shared
some of these changes earlier when
it announced its reorganisation
CAGR
surge in demand experienced by plan. We are delighted that the gov-
2019A 2020F 2021F 2022F (%) glove makers. ernment agrees with transmission
2,827.2 2,958.7 3,329.6 3,645.8 11.0 Plant 5 of the NGC was fully and distribution remaining as a nat-
commissioned in the first half (1H) ural monopoly (by not introducing
708.2 758.5 815.0 889.4 9.7
of CY19. Plant 6’s (+4.7 billion new players), and as such believe
561.4 542.5 615.2 674.3 6.0 pieces per annum) construction that the bulk of TNB’s profits will re-
550.8 541.5 615.3 673.9 6.4 works are under way, with a tar- main intact and regulated under the
455.2 443.3 506.8 555.1 6.0 get to commission its first line in current Incentive Based Regulation
13.5 13.2 15.1 16.6 6.2 1QCY20. As for Plant 7 (+3.4 billion (IBR). Although the government is
38.6 39.6 34.7 31.7 pieces per annum), the first line is breaking up TNB’s monopoly role
8.1 7.9 9.0 10.0 expected to be commissioned by as the main retailer and fuel pur-
2HCY20. In light of the recent for- chaser, the drop in its profit will
1.6 1.5 1.7 1.9
eign worker shortage issue faced likely be marginal for the midterm.
by many manufacturers, we find To further incentivise demand
comfort that Hartalega has already for renewable energy, the gov-
secured approvals from the rele- ernment will create a framework
higher nitrile prices. Nitrile prices vant authorities for the required for third-party access to allow re-
have been on the rise as suppliers amount of foreign workers to run newable energy (RE) plants to sell
are cutting back on production, Plant 6 once operations begin. On their power directly to end users,
in view of a sluggish global auto- a side note, Hartalega has set aside bypassing the single buyer (TNB).
motive sector. capital expenditure of RM630 mil- We believe that this could help to
Note that in the first quarter lion to grow its manufacturing fa- lower the tariffs for domestic users
(1Q) of FY20, Hartalega’s average cility in CY20 to CY22, in addition despite an increased contribution
utilisation rate fell to 76% due to to RM115 million for investment from RE as those who prefer RE
a conscious effort to scale down in information technology and can negotiate directly without bur-
production as the low prices of automation solutions. dening the system, given that RE
nitrile gloves were unfavoura- We expect a slight decline in tends to be more expensive than
ble to the manufacturers. The full FY20 results. While we expect conventional generated power.
current uptick in demand for ni- to see gradual quarter-on-quar- Under the current single buyer
trile gloves has lifted the average ter (q-o-q) improvements in the system, all users contribute to the
utilisation rate to 85%, with the group’s performance from this fund to procure RE based on overall
lines in the Next Generation In- point onwards due to a higher usage. RE plants under Large Scale
tegrated Glove Manufacturing utilisation rate, we believe that on Solar Photovoltaic Plant 1 (LSS1)
Complex (NGC) running at an a year-on-year basis, the full-year and LSS2 can start selling directly
above 90% utilisation rate. We performance will be weaker due as early as the first quarter of 2020
expect the high utilisation rate to a high base effect. — PublicIn- for a combined 100mw. — Affin
to be sustained, following the vest Research, Sept 19 Hwang Capital, Sept 18
FRIDAY S E P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Potential rerating
catalyst seen for Media
Prima if there is MGO
Media Prima Bhd and Sept 17, all valued at 60 sen a
(Sept 19, 47 sen) share. This is substantially higher
Maintain reduce with an un- than the price on the market, which
changed target price (TP) of 38 has been stuck at about 47 to 48 sen
sen: Media Prima Bhd’s Sept 18 fil- for the past three months.
ing with Bursa Malaysia stated that Since Aurora Mulia first emerged
Aurora Mulia Sdn Bhd, a company as a substantial shareholder of Me-
indirectly owned by tycoon Tan Sri dia Prima, neither company has
Syed Mokhtar Albukhary, bought gone public with Aurora Mulia’s
30 million shares of the integrated plans, such as value-enhancing
media group off-market on Sept corporate exercises or strategic
17. The block of shares constitutes changes to pull the media group
2.7% of Media Prima’s share capital. out of the sea of red it has been
This is the fourth time Aurora bathing in since its financial year
Mulia has purchased Media Prima 2016 (FY16).
shares via off-market transactions. The only clue left by the man-
With the latest transaction, Aurora agement was at Media Prima’s first
Mulia now holds a 23.3% stake in half of financial year 2019 (1HFY19)
Media Prima. results briefing on Aug 22, when
The filing, however, did not state the group conceded that “some-
how much Aurora Mulia paid for thing needs to be done” with its
the Media Prima shares, but a check 98%-owned news producer The
on Bloomberg showed only one New Straits Times Press (Malay-
off-market trade of Media Prima sia) Bhd (NSTP). NSTP accounted
stock on Sept 17. And that direct for more than two-thirds of Media
business transaction was valued Prima’s 1HFY19 core net loss of
at RM18 million, or 60 sen a share. RM51.6 million.
In total, Aurora Mulia has paid Whatever that “something” is,
RM155 million for the Media Prima the management ruled out that it
shares purchased between July 2 would close down NSTP’s print
Media sector comparison
COMPANY RECOM PRICE TP MKT CAP P/E
(RM) (RM) (RM MIL) (X)
CY19F CY20F
Media Prima Reduce 0.47 0.38 521 NA NA
Media Chinese Int'l Reduce 0.18 0.15 295 11.6 13.1
Star Media Group Add 0.55 0.87 97 36.0 43.8
Astro Malaysia Add 1.41 1.80 1,756 11.0 10.6
Malaysia average 23.8 28.4
As at Sept 18, 2019
Sources: CGS-CIMB Research estimates, Bloomberg, company reports
Bursa’s BMD stake buy seen mildly positive on FY20 profit
Bursa Malaysia Bhd Group) on Sep 16. CMEGSI is a
(Sept 19, RM6.05) wholly-owned subsidiary of CME
Maintain hold with a high- Group. CMEGSI acquired the 25%
er fair value of RM6.70, from equity interest on Nov 30, 2009
RM6.50 previously: Our valuation for RM55 million.
is based on financial year 2020 The acquisition price has been
(FY20) price-to-earnings (PE) of fixed at RM162.4 million, to be
24 times its five-year historical av- fully satisfied by cash together
erage PE. We continue to see the with an additional sum to be de-
stock as fairly valued, trading at termined later based on 25% of
23 times FY20 PE. We raise both 70% of BMD operating profit be-
our FY20/21 by 4% to RM225 mil- fore tax for the second and third
lion/RM243 million by removing quarters of FY19 (2QFY19 and
the minority interest following the 3QFY19). Any dividend payments
announcement by Bursa Malay- by BMD for 2QFY19 and 3QFY19
sia to acquire the remaining 25% will reduce the amount for the
equity interest in Bursa Malaysia additional sum.
Derivatives (BMD). Funding for the acquisition will
Bursa Malaysia will be acquir- be from the disposal of quoted
ing the 25% stake, or 12.5 mil- shares outside of Malaysia which
lion shares, in BMD that it does are owned by Bursa Malaysia.
not own from CME Group Stra- Hence, it will not have any impact
tegic Investments LLC (CMEG- on the group’s gearing position.
SI) through the exercise of put Presently, Bursa Malaysia owns
option by CME Group Inc (CME 75% of BMD. On completion of
operations. We concur with its
view that there is still value in
print media. Star Media Group
Bhd (add at 87 sen) has shown
that newspapers can remain prof-
itable at this stage of the digital
onslaught, provided that readers
and advertisers see the value in
the editorial content.
At the 1HFY19 results briefing,
Media Prima management ex-
pressed its scepticism that Aurora
Mulia would trigger a mandatory
general offer (MGO) in the future.
But it may be a different story
for Aurora Mulia’s end-beneficiary.
The Edge Malaysia Weekly and The
Straits Times have reported that Me-
dia Prima’s second-largest share-
holder, Mitsubishi UFJ Financial
Group Inc, is holding the shares on
behalf of Syed Mokhtar. If the reports
are anything to go by, Syed Mokhtar
would now own 36.1% of Media Pri-
ma, based on our estimates on the
reported stakes purchased by him.
The only near-term potential re-
rating catalyst lies in Syed Mokhtar
triggering an MGO. — CGS-CIMB
Research, Sept 19
P/BV EV/EBITDA DIVIDEND YIELD
(X) (X) (%)
CY19F CY20F CY19F CY20F CY19F CY20F
1.0 1.2 NA NA NA NA
0.4 0.4 0.7 0.5 4.7 3.8
0.5 0.5 4.5 5.4 5.4 5.4
9.2 7.5 5.7 5.7 6.8 7.1
0.5 0.5 2.6 2.9 5.1 4.6
the transaction, BMD will become
Bursa Malaysia’s wholly-owned
subsidiary.
Based on the audited finan-
cials for FY18, profit and net as-
sets attributable to the 25% eq-
uity interest in BMD amounted
to RM6.57 million and RM12.2
million respectively.
This transaction is expected to be
completed by early December 2019.
Hence, it will not have any mate-
rial impact on FY19 earnings per
share (EPS). However, for FY20 and
FY21, the acquisition is accretive
and slightly positive on EPS with
the removal of minority interest.
Meanwhile on the proforma
impact on its FY18 balance sheet,
the initial settlement of RM162.4
million will decrease Bursa Malay-
sia’s retained earnings by RM150.2
million and non-controlling inter-
est by RM12.3 million. These will
consequently lower its net asset
B R O K E R S’ C A L L 15
Customer project commissioning could
offer revenue support for Telekom
Telekom Malaysia Bhd
(Sept 19, RM3.52)
Maintain outperform with an
unchanged target price (TP) of
RM3.95: Telekom Malaysia Bhd’s
revenue for its first half of finan-
cial year 2019 (1HFY19) declined
4% year-on-year (y-o-y), mainly
due to lower voice and Internet
demand (fewer Streamyx sub-
scribers but buffered a growing
Unifi base). We believe the guid-
ance for a low to mid-single digit
decline in FY19 should still hold,
as demand for the group’s main
products will likely be weaker on
stiffer competition. With new rates
being offered since September
2019, heeding the government’s
call to make Internet more assess-
able, it will be interesting to see
consumer response to the brand.
However, this could dent aver-
age revenue per user (Arpu) num-
bers in the second half of 2019
(2H19) (versus the second quar-
ter of 2019 when Streamyx was of-
fered at RM86 and Unifi at RM177).
That said, the commissioning of
customer projects in 2H19 could
offer some revenue support.
Yield from the group’s perfor-
mance improvement plan should
continue to trickle into 2HFY19
results, albeit at a lower rate than
1HFY19 due to the operations
being traditionally back-loaded.
Recall that the group registered
operating expenditure (opex) im-
provements of 11% in 1HFY19,
which translated into earnings
before interest and tax (Ebit) of
RM777.9 million (+75% y-o-y) and
margin of 14% (+6.3 percentage
points). We are banking on mar-
gins to persist at this robust level,
but caution that 2H19 projects
could undermine direct costs. In
the meantime, the compressed
Arpu could also contribute to
weaker margins, but we believe
it would be highly unlikely for the
group to miss its FY19 Ebit guid-
ance of being better than FY18.
Market has been abuzz on
the recent news that the group is
looking to venture aggressively
Bursa Malaysia Bhd
FYE DEC (RM MIL) 2018
Revenue 550.0
Core net profit 224.6
FD core EPS (sen) 27.9
FD core EPS growth (%) (33.1)
Consensus net profit - 202.6
DPS (sen) 33.6
PER (x) 21.9
EV/Ebitda (x) 14.2
Dividend yield (%) 5.5
ROE (%) 26.0
Source: AmInvestment Bank
per share to 90 sen from RM1.08.
Bursa Malaysia will still col-
laborate with CME for deriva-
tives with the latter continuing
to host BMD products on CME
Globex electronic trading plat-
form (Globex).
into the mobile segment. We be-
lieve a likely hurdle to this imple-
mentation could be the upcom-
ing assignment by the Malaysian
Communications and Multime-
dia Commission (MCMC) of the
700 megahertz (MHz), 2300MHz
and 2600MHz spectrums by 2H20.
However, the mobile business is
not an entirely new venture for
Telekom as it has been ongoing
since January 2018.
Also, during the recent MCMC
public inquiry, the group ex-
pressed its suitability to be allo-
cated the entire spectrum blocks
to facilitate 5G in the future, be-
cause of its extensive nationwide
fibre coverage. However, reiterat-
ing views from our Sept 10 sector
report “Spectrum Inquiry; The
Word is Out”, we believe that con-
densing spectrum licences may
not make the most commercial
sense as it does not give other
operators equal ground to experi-
ment the most efficient use of the
spectrums. Additionally, monop-
olistic issues may arise.
Our TP, based on a weighted
average capital cost of 9.5% and
terminal growth rate of 1.5% im-
plies an enterprise value to for-
ward earnings before interest, taxes,
depreciation and amortisation of
5.5 times against our FY20E earn-
ings, with no change to our FY19E/
FY20E assumptions in this note. We
had earlier rerated the stock from
“market perform” in our above-
mentioned sector update. Reiter-
ating our call premise, we believe
Telekom’s share price weakness
following its management’s in-
tention to move aggressively into
the mobile segment could be over-
done. Any loss of cost savings could
be exaggerated as its existing mo-
bile business has been operational
since January 2018, and granted the
scale, it may not incur as significant
amount in start-up costs.
Risks to our call include weak-
er-than-expected voice and Inter-
net demand; stronger-than-expect-
ed opex; and stiffer competition.
— Kenanga Research, Sept 19
2019F 2020F 2021F
523.9 549.2 573.8
206.8 225.0 242.7
25.7 27.9 30.1
(7.9) 8.8 7.9
214.4 224.8
23.9 25.9 28.0
23.8 21.9 20.3
15.3 14.7 13.6
3.9 4.2 4.6
25.1 28.9 30.5
Bursa Malaysia and CME have
agreed to make variations to the
Globex Services Agreement (GSA)
executed on Sept 17, 2009, which
remains effective until Sept 19,
2020. — AmInvestment Bank,
Sept 19
16 C O M M E N T
Asia’s haze a danger for everyone
Plantation fires in Indonesia are becoming a global crisis. They need a global response
BY A DA M MI NTER
A
toxic haze is hover-
ing over Malaysia
this week, snuffing
out sunlight, forcing
school closures, cre-
ating a public health
crisis and contributing to climate
change. My apartment in Kuala Lum-
pur is home to two large air filters
that run day and night, and remind
me that my young son has not been
able to safely play outdoors in weeks.
None of this comes as a surprise
to locals. Every year, neighbouring
Indonesia sets late summer fires
on a huge scale to clear forests and
farmlands. The smoke then drifts
over Southeast Asia, lingering for
months. It is a perennial disaster.
But for decades, the region’s gov-
ernments have failed to address it.
Doing so now will likely require a
global effort — and the European
Union (EU) may be perfectly posi-
tioned to help.
The annual fires started in the
early 1980s, around the time that
palm oil plantations and large-scale
commercial logging became domi-
nant industries in Indonesia. What
makes them so dangerous is that the
islands of Borneo and Sumatra are
rich in peatlands, a type of swamp
that covers about 3% of the planet’s
terrestrial surface but contains about
21% of its carbon. When burned they
Germany having an existential crisis about cars
BY C H R I S B RYA N T
US automakers hit rock bottom with
the public when their executives
went to Washington in 2008 to beg
for a bailout — in corporate jets. Now
it is the German car industry’s turn
to suffer an image crisis and, as with
General Motors Co and Chrysler a
decade ago, it could not be happen-
ing at a less auspicious moment.
Amid trade wars and plunging
China sales, the number of cars
rolling off Germany’s production
lines has dropped by 12% this year
and exports by 14%. European auto
sales fell 3% in the first eight months
of 2019. With demand expected to
remain weak for a couple of years,
the German parts supplier Conti-
nental AG is not ruling out cuts to
working hours and jobs. It is a bad
time to be having a public relations
crisis too, but that is what is hap-
pening in the country that invented
the internal combustion engine.
This month’s Frankfurt Motor
Show was meant to give Germany’s
mighty automobile industry a plat-
form to show off its expensive plans
to build more electric vehicles (EV).
But many international carmakers
chose to stay away and Karl-Thomas
Neumann, the ex-boss of Opel/Vaux-
hall, declared the event a “huge fail”.
Compounding the misery, Daim-
ler AG’s Mercedes, BMW AG, and
emit huge amounts of toxic, car-
bon-rich smoke. In drought years,
this can be catastrophic. The 1997
fires — the worst on record — are
estimated to have burned as much
as 19,300 sq miles and put 200,000
people in the hospital. In 2015, fires
were responsible for 100,000 prema-
ture deaths and emitted more carbon
on a daily basis than the entire EU.
This year looks to be worse: Be-
tween January and August, 1,270
sq miles of Indonesian forest and
farmland have been consumed,
and that is before the peak burn
season. Nearly 3,000 fires are cur-
rently raging, with little hope that
Volkswagen AG were upstaged by
climate protesters who accused them
of not doing enough to end their ad-
diction to diesel and gasoline engines.
On the eve of the show four pe-
destrians were struck and killed by a
sport utility vehicle (SUV) in Berlin,
prompting a fierce debate about the
“social utility” of these gas-guzzling,
tank-like cars. Featuring a picture
of a Porsche SUV on its cover this
week, Der Spiegel magazine declared
a “new object of hate”. Meanwhile,
the organisation that one might usu-
ally expect to defend the German
car giants — the VDA lobby group
— was preoccupied with the abrupt
resignation of its president Bernhard
Mattes. This fuelled speculation that
the industry was unhappy about its
loss of political influence and in-
creasing stigmatisation.
The German car industry provides
more than 800,000 jobs in the country
and it accounts for a big chunk of its
manufacturing production and ex-
ports. Past governments fought hard
to protect their industry crown jewel
from troublesome regulations. That
is no longer always the case. First, the
Volkswagen diesel emissions scandal
made it unwise for politicians to go
easy on companies that put profits
above public health. And second,
Germans have become alarmed by
climate change and the industry’s role
in that. The average emissions of new
they will be put out before October.
Indonesia’s government has largely
failed to confront this crisis. In 2015,
Indonesian President Joko Widodo
said that he needed three years to
tackle it. Yet the positive steps he
has taken — including a morato-
rium on new palm oil plantations
— clearly have not been enough.
There is not even a consensus on
who is responsible for the fires, large
agribusinesses or small farmers. And
the government has long refused to
release documents detailing plan-
tation ownership, boundaries or
licences, even after the country’s
Supreme Court ordered it to do so
A view of the all-new BMW X6 Series. With the climate crisis intensifying, the auto
industry’s split personality is getting more incongruous and indefensible by the day.
Photo by Bloomberg
vehicles sold climbed for the second
year in a row last year, in part because
of SUV sales. That is one reason why
Germany is set to miss its 2020 carbon
pollution reduction targets. Passen-
ger cars account for about 11% of its
greenhouse gas emissions.
Stringent European Union emis-
sion targets, and massive fines for
non-compliance, have been put in
place already. A German federal
government led by the Greens (not
unimaginable given the party’s poll
surge) would be tougher still. After
the deadly accident in Berlin, there
were calls to ban SUVs from cities.
The average age of a new car buy-
er in Germany has climbed to 53,
FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
Visitors standing
on the KL Tower
Sky Deck as the
Petronas Twin
Towers (centre)
and other
buildings are
shrouded in haze in
Kuala Lumpur last
Wednesday. Photo
by Bloomberg
in 2017. There is a good reason for
that. A recent audit found that 81% of
plantations are flouting regulations.
Revealing their details would
not only put the owners at risk —
Singapore, for instance, asserts the
right to prosecute foreign compa-
nies and individuals who contribute
to haze that drifts into its borders
— but also the corruption and pa-
tronage networks that allow them
to start fires in the first place.This
is where the EU can step in.
Anti-palm oil sentiment runs
high in Europe, but local boycotts
will not make much difference to
Indonesia’s forests so long as China
suggesting that the industry may
be looking at a difficult future. Yet
claims that Germans have fallen out
of love with the automobile feel over-
blown. They still bought about 3.4
million new vehicles last year, pretty
decent by historic standards. About
95% of them had a combustion en-
gine. More than one-quarter were
SUVs. Nor does the government have
any desire to kill its golden goose.
Earlier this year officials rejected
attempts by campaigners to man-
date a speed limit on the autobahn.
With this contradiction between
the public’s anxiety about climate
change and its fondness for big vehi-
cles, it is not surprising that the gov-
remains the world’s biggest buyer. A
better strategy would be to leverage
Europe’s considerable trading clout.
Since 2016, Indonesia and the EU
have been haggling over a free trade
agreement. Both sides want it, but
there is little question that develop-
ing Indonesia needs it more.
With that in mind, the EU should
require that — as a precondition for
further talks — Indonesia enforce
its own Supreme Court ruling and
release the plantation data in the
interests of product transparency
and climate change mitigation.
Dragging policy disputes into
trade talks is not always a great idea.
But in recent years, the EU has been
leveraging such agreements to push
for climate action with some suc-
cess. In August, France’s Emmanuel
Macron threatened to block a deal
with the Mercosur trade bloc unless
Brazil did more to fight fires in the
Amazon. Brazil objected, but the
threat generated global attention
and placed significant pressure on
the government to act.
A similar demand might finally
get the attention of Indonesia’s gov-
ernment. It would help publicise
a regional calamity that is starting
to have global effects, and it would
surely be welcomed by Southeast
Asia’s long-suffocating populations.
A little transparency, in fact,
could go a long way to clear the
haze. — Bloomberg
ernment and carmakers are strug-
gling to keep everyone happy. Riding
a bike and car-sharing have become
a genuine alternative in cities such
as Berlin. But for those who still feel
they need a car, electric vehicles
tend to be more expensive and their
driving range can be limited (for
now, at least). The climate package
the German government is due to
announce today will doubtless try
to address this by including more
incentives for EV and infrastructure.
As the industry wrestles with such
epochal challenges, it helps that Ger-
many’s automakers have all recently
appointed new bosses. They are far
from united, however, on how aggres-
sively to abandon the combustion
engine. Volkswagen is going “all-in”
on battery cars (it is targeting 40% of
electric sales by 2030), while BMW is
more cautious. The latter thinks hy-
drogen fuel cells might have a future,
though VW is not a fan.
Yet even VW plans to use the prof-
it from selling large SUVs such as its
three-row “Atlas” to fund investments
in green alternatives. At last week’s
show in Frankfurt, EV like the Por-
sche Taycan and Volkswagen ID3 sat
alongside gas-guzzling monsters like
the BMW X6 and Mercedes AMG GLE
Coupe. With the climate crisis inten-
sifying, the industry’s split personality
is getting more incongruous and in-
defensible by the day. — Bloomberg
FRIDAY S E P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Saudi Arabia
importing
diesel and
jet fuel after
attacks
BY HEESU LEE, JACK WITTELS
& SA K ET S U N D RI A
SEOUL/LONDON/SINGA-
PORE: Saudi Arabia, the world’s
biggest crude exporter and a
powerhouse of the oil refining
industry, is scouring global fuel
markets for cargoes in the wake
of unprecedented attacks on its
energy industry.
Aramco Trading Co, which
buys and sells fuels on behalf
of the state oil company, pur-
chased diesel cargoes and also
sought one-off supplies of avi-
ation fuel this week, accord-
ing to people involved in those
markets. Fuel oil, which can be
used instead of crude for pow-
er generation, has also been
bought. Exports of naphtha —
a building-block product for
making gasoline and plastics
— have also been disrupted.
While the kingdom does im-
port fuels from time to time
anyway, traders say the scale
of its current purchasing is well
above normal. On Saturday,
vital oil-production facilities at
Abqaiq were attacked, resulting
in a temporary halt to a large
swath of the nation’s output ca-
pacity. To keep crude flowing
to customers, Saudi Arabia cut
processing at its own refineries
by one million barrels a day,
and stepped up fuel imports.
Aramco also bought
at least two high-
sulfur fuel oil
cargoes, people
with knowledge of
the matter said.
“If you take off a good por-
tion of Middle Eastern refinery
capacity then there’s a void in
the market and it needs to be
filled,” Eugene Lindell, head
of downstream analysis at JBC
Energy GmbH, said by phone.
“Luckily, we just happen to
have ramping up of Asian ca-
pacity — particularly in Chi-
na — and that will help fill the
void.”
Aramco purchased cargoes
of diesel early this week. The
company was also seeking to
defer some supplies of naph-
tha to its customers, according
to a buyer who received such
a request from Aramco. Sepa-
rately, it was also seeking spot
supplies of jet fuel, according
to traders who buy and sell
the aviation oil. Aramco also
bought at least two high-sulfur
fuel oil cargoes, people with
knowledge of the matter said.
— Bloomberg
Huawei tries to overturn
US ban that cites
‘cyber-exploitation’ risk
Telecom giant says it is being illegally punished by US law
BY EDVARD P ETTER SSO N
LOS ANGELES: Huawei Technolo-
gies Co is making a desperate bid
to undo a US law that prohibits
federal agencies and contractors
from buying or using the Chinese
telecommunication giant’s equip-
ment because of the alleged risk
of “cyber exploitation” by China.
Lawyers for Huawei were due in
federal court yesterday to convince
a judge that the law is an unconstitu-
tional attempt by Congress to drive
the company out of the country by
imposing a “death penalty” over al-
leged past misdeeds and associations
with the Chinese government.
If Huawei prevails and gets the
ban overturned, it may have ram-
ifications for the US-China trade
war. While the Trump adminis-
tration has given mixed messages
on whether its security concerns
about Huawei could be addressed
as part of a trade deal, the sanctions
against the company provide the
US with leverage in the trade talks,
said Alan Sykes, a law professor at
Stanford University.
“At times it has sounded like
Trump is willing to trade on the
sanctions,” Sykes said in a phone
interview. “If this somehow goes
away, then the opportunity to trade
it will also go away.”
Temasek’s Vertex closes record US$305m SE Asian fund
BY YOOLIM LEE
SINGAPORE: Vertex Venture Hold-
ings Ltd, a unit of Singapore’s Te-
masek Holdings Pte, has closed its
fourth Southeast Asia and India
fund at a record US$305 million
(RM1.28 billion).
The amount raised was a record
for an early-stage investment vehicle
in the region, underscoring growing
interest in its start-up scene. The new
fund of Vertex Ventures Southeast
Asia and India — the first institution
to back ride-hailing giant Grab —
far exceeded its original target of
US$230 million.
Vertex is among Southeast Asia’s
best-performing venture capital
(VC) firms. The first Vertex Ventures
Southeast Asia and India fund had
returned 19.1% as of March, the sec-
ond fund returned 24.3% and the
third 36.4%, according to the firm.
That is “what caused us to contin-
ue our relationship in the fourth
fund with a larger commitment
amount,” Roque Velasco, managing
partner of Galdana Ventures, said
in a statement.
Investors are putting money into
the region’s venture firms to capi-
Filepic of a Huawei logo seen on a cell phone screen in its store at Vina del Mar, Chile.
Photo by Reuters
China’s biggest technology com-
pany may have an uphill battle con-
vincing US District Judge Amos Maz-
zant in Sherman, Texas, that it was
punished “without a hearing or trial”
by Section 889 of the 2019 Nation-
al Defense Authorization Act. The
measure prohibits federal agencies
and contractors from using routers,
switches and other equipment made
by Huawei and China’s ZTE Group.
Federal judges are usually re-
Vertex’s office in Singapore. The company is among the region’s best-performing VC firms.
Photo by Bloomberg
talise on opportunities beyond the
US and China, the primary focus
of deals in recent years. Given the
slowdown in China, they are fo-
cusing on outfits with strong track
records internationally, said Alex
Schmitz, managing partner and
head of Asia-Pacific at Capstone
Partners, which helped with fund-
raising for Vertex’s new fund.
“Many VC players in the region
W O R L D B U S I N E S S 17
luctant to second guess the gov-
ernment’s evaluation of a national
security risk. In a case with some
parallels to Huawei’s, the US court
of appeals in Washington last year
affirmed that Kaspersky Lab, a Rus-
sian cybersecurity company, was
not unlawfully targeted by a similar
law that excluded it from federal
computer systems because of its
close relationship with the Russian
government. — Bloomberg
are raising money but none of them
has the global platform like Vertex,”
said Schmitz.
Vertex Ventures Southeast Asia
and India has made 40 investments
so far, including in Instarem and
Validus Capital. The company plans
to continue investing in Series
A-stage start-ups in enterprise tech-
nology, financial technology and
consumer internet. — Bloomberg
IN BRIEF
Trump is biggest risk to
world economy, says Phil-
ippine central bank
SINGAPORE/MANILA: What
is the biggest risk to the world
economy today? It is the US pres-
ident, Philippine central bank
governor Benjamin Diokno told
a panel discussion in Singapore,
with the audience bursting into
laughter at his candid answer. A
former economics professor who
took the helm of the central bank
in March, Diokno said the US
economy is growing due to the
tax cut enacted under President
Donald Trump, but the policy
will exacerbate debt in the long
run. The Filipino central banker
may have a reason for his quip:
When the US sneezes, the rest
of the world catches a cold, as
the saying goes. — Bloomberg
Singapore will do ‘what
needs to be done’ to aid
economy — minister
SINGAPORE: Singapore’s gov-
ernment is ready to do “what
needs to be done” to support the
struggling economy, Finance
Minister Heng Swee Keat said
yesterday, when asked whether
he was considering expanding
spending to boost growth. “We
are ready to do what needs to
be done at the right time,” Heng,
who is also deputy prime minis-
ter, told an investor conference
in Singapore. Heng is widely ex-
pected to succeed Prime Min-
ister Lee Hsien Loong as Singa-
pore leader after elections that
are expected to take place in a
few months. — Reuters
Microsoft unveils US$40b
stock buy-back, boosts
dividend
SEATTLE: Microsoft Corp, the
world’s largest software maker,
said it will repurchase as much
as US$40 billion (RM167.69 bil-
lion) of shares in a new buy-
back programme and boosted
its quarterly dividend by five US
cents to 51 US cents a share. The
repurchase authorisation has no
expiration date, and may be ter-
minated at any time, Redmond,
Washington-based Microsoft
said on Wednesday in a state-
ment. The company’s stock has
risen 36% so far this year and its
market capitalisation remains at
more than US$1 trillion. Its pre-
vious buy-back plan, unveiled
in September 2016, was also
for US$40 billion. — Bloomberg
Parts shortage leads
GM to lay off 1,200
temporarily in Canada
BENGALURU/MONTREAL/
WASHINGTON: The strike
against General Motors Co’s
US operations has led to a parts
shortage, the automaker said
on Wednesday, and as a result
it announced the temporary
lay-offs of 1,200 workers at its
Oshawa assembly plant in Can-
ada. The plant, which makes
the Chevy Silverado and GMC
Sierra pickup trucks, ran out of
parts on Tuesday. The lay-off
announcement came three days
after about 48,000 hourly work-
ers went on strike across GM
facilities in the US. — Reuters
18 W O R L D B U S I N E S S
Apple spars with EU as €13b
Irish tax dispute drags on
Case centres on tax rulings granted by Ireland to two Apple businesses in the country
BY FO O YU N C H EE
LUXEMBOURG: Apple accused
the European Commission (EC) of
misunderstanding its business on
day two of the iPhone maker’s ap-
peal against a €13 billion (RM60.3
billion) tax order, in a dispute that
is key to the European Union’s
(EU) drive to collect more taxes
but which could also run for years.
The case centres on tax rulings
granted by Ireland to two Apple
businesses in the country, Apple
Sales International and Apple Op-
erations Europe. The rulings re-
duced Apple’s tax burden for more
than two decades — to as low as
0.005% in 2014, according to the
EC, although Apple disputes this.
The EC ordered the US com-
pany in 2016 to pay €13 billion of
taxes it said was owed to Ireland.
Datadog raises
US$648m in US
IPO priced
above target
BY C RYSTA L T SE
NEW YORK: Datadog Inc raised
US$648 million (RM2.72 billion)
in its US initial public offering,
pricing its shares above an al-
ready increased target range.
The New York-based soft-
ware company sold 24 million
shares on Wednesday for US$27
each after marketing them at
US$24 to US$26, according to
data compiled by Bloomberg.
The range had been increased
from US$19 to US$22 earlier.
The listing values Datadog
at US$7.83 billion based on the
total number of shares to be
outstanding as listed in its fil-
ings. Class A shareholders will
get one vote per share, while
owners of Class B shares will
get 10 each, the filings revealed.
Software companies that
power business processes
have delivered some of this
year’s best initial public of-
fering (IPO) debuts thanks to
their high margins. The value
of Zoom Video Communi-
cations Inc and Crowdstrike
Holdings Inc have more than
doubled since they began
trading and are among the
10 best-performing offerings
this year, alongside meat al-
ternative maker Beyond Meat
Inc and some biotechnology
firms, according to data com-
piled by Bloomberg.
Datadog reported a 74%
gross margin on US$153 mil-
lion in revenue for the first half
of 2019. — Bloomberg
But Apple and Ireland, whose
economy benefits from hosting
a number of multinational firms,
are appealing against the deci-
sion at Europe’s General Court,
its second highest.
Central to the dispute is the im-
portance of the Irish businesses,
with Apple lawyer Daniel Beard
arguing on Wednesday they were
not as significant as the EC had
asserted.
“Yes, Apple chief executive of-
ficer Tim Cook (pic) said there were
decisions taken in Ireland, but not
strategic decisions,” he said, re-
ferring to Cook’s testimony at a
US Senate hearing in 2013 which
formed a key element of the EC’s
case.
Apple did not do a special Irish
tax deal in return for creating jobs,
Beard added.
Tesla Model 3 wins top-tier safety
award from insurance group
BY CHESTER DAW SO N
SOUTHFIELD: Tesla Inc’s Model 3
earned a coveted Top Safety Pick+
award from the Insurance Institute
for Highway Safety (IIHS), after the
sedan performed better in a crash
test than the Model S.
The Model 3 earned “good”
crash ratings in each of IIHS’ tests,
including one that measures how
vehicles perform in front, driv-
er’s-side-corner collisions. The
Model S fell short in the small over-
lap test in 2017, with the group
finding drivers could sustain a
skull fracture.
A Tesla Model 3 electric vehicle on display during the press day of the Seoul Motor Show in Goyang, South Korea early this year.
Photo by Bloomberg
“The [European] Commission
went out of its way to tell a fairy
story about supposed benefits to
employment. It has no evidence,
it is wrong. There was no sense
of any special deal. Ireland prop-
erly and correctly taxed the Irish
branches. There was no deroga-
tion from the normal rules,”
he said in his closing ar-
gument.
Ireland’s lawyer,
Paul Gallagher, said
the EU executive
had failed to prove
its case and tar-
nished the coun-
try’s reputation.
“ They haven’t
shown one company
which has been
treated less
favourably
Elon Musk has for years crowed
about the safety of Teslas, some-
times to the chagrin of US regula-
tors. The National Highway Traffic
Safety Administration (NHTSA)
sent the chief executive officer a
cease-and-desist letter last year re-
garding claims the company made
about the probability of motorists
being injured in the Model 3.
Tesla’s boasts were inconsistent
with NHTSA’s advertising guide-
lines, and the agency told Musk it
would ask the Federal Trade Com-
mission to investigate whether the
company’s statements were unfair
or deceptive.
FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
than Apple. This is Ireland’s repu-
tation which has been so severely
criticised,” he said.
EC lawyer Paul-John Loewen-
thal rejected criticism that the EU
executive had not taken up Apple’s
offer to visit its operations in Cork,
Ireland, saying this was not nec-
essary. “What would a site visit
accomplish?” he asked.
The case is about Apple’s
Irish tax deal and has noth-
ing to with the mismatch
between tax regimes in
different countries or US
deferred tax rules, EC
lawyer Richard Lyal said
in closing remarks.
Ireland ended
the tax rul-
ings in
2015.—
Reuters
The scrutiny has not deterred
Musk. On Tesla’s support page out-
lining its referral programme, which
rewards customers for recommend-
ing its cars to others, the company
says it “makes the safest cars in the
world according to US testing.”
NHTSA specifically tells auto-
makers to avoid using the word
“safest” to describe how the agency
rates the safety of their vehicles.
The Model 3 is one of 48 vehicles
currently sold in the US that have
earned IIHS’ top safety accolade.
Its standard front-crash preven-
tion system earned a “superior”
grade. — Bloomberg
Purdue
Pharma,
Sacklers
seek to halt
opioid suits
BY TO M H A L S & MIK E S PEC TO R
WILMINGTON/NEW YORK:
OxyContin maker Purdue Phar-
ma LP on Wednesday asked a
US bankruptcy judge to halt
for roughly nine months more
than 2,600 lawsuits alleging the
company and its controlling
Sackler family helped fuel the
US opioid crisis, according to
court documents.
In addition to seeking a pause
in widespread litigation against
it, Purdue also asked US Bank-
ruptcy Judge Robert Drain to
shield the wealthy Sacklers from
related opioid lawsuits they face.
Purdue filed for Chapter 11
bankruptcy protection on Sun-
day after reaching an outline
of a deal it estimated to be val-
ued at more than US$10 billion
(RM41.9 billion) with states
and local governments that
brought the bulk of the cases.
They allege the company de-
ceptively marketed opioids by
overstating benefits and down-
playing risks.
Purdue has been accused of
contributing to a public health
crisis that was marked by nearly
400,000 overdose deaths be-
tween 1999 and 2017, accord-
ing to the latest US data.
Purdue and the Sacklers
have denied they are liable for
the opioid epidemic.
Purdue said in Wednesday’s
court filing that an injunction
halting litigation would pre-
serve money that would other-
wise be drained through pro-
longed legal battles. — Reuters
AT&T, Dish said
‘not in talks’ over
DirecTV deal
BY K E N N E T H L I
& N E H A MA L A R A
NEW YORK/BENGALURU:
AT&T Inc and Dish Network
Corp are not in discussions
over a deal due to regulatory
issues, a source familiar with
the matter said on Wednesday,
after the Wall Street Journal re-
ported the wireless carrier was
considering parting ways with
its satellite TV division DirecTV.
AT&T has also considered
a spin-off of DirecTV into a
separate public company, the
report said.
Last week at a conference,
AT&T chief financial officer
John Stephens cited regulatory
hurdles for any deal.
DirecTV has been bleeding
satellite TV subscribers with
users shifting to cheaper online
streaming services like Netf-
lix Inc and Amazon.com Inc’s
Prime service. — Reuters
FRIDAY S E P T E MBE R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY 19
20 W O R L D B U S I N E S S
Fed cuts interest rates
US central bank signals a higher bar to further reductions in borrowing costs
BY H O WARD SCHN EI DER
& A N N SA PHI R
WASHINGTON: The US Federal Re-
serve (Fed) cut interest rates again
on Wednesday to help sustain a
record-long economic expansion
but signalled a higher bar to further
reductions in borrowing costs, elic-
iting a fast and sharp rebuke from
US President Donald Trump.
Describing the US economic out-
look as “favourable”, Fed chair Je-
rome Powell said the rate cut was de-
signed “to provide insurance against
ongoing risks” including weak global
growth and resurgent trade tensions.
“If the economy does turn down,
then a more extensive sequence
of rate cuts could be appropriate,”
Powell said in a news conference
after the Fed announced it had
lowered its benchmark overnight
lending rate by a quarter of a per-
centage point to a range of 1.75%
to 2.00%. It was the second Fed rate
cut this year.
But, Powell said “what we think we
are facing here is a situation which
can be addressed, which should be
addressed, with moderate adjust-
ments to the federal funds rate”, not-
ing that the US labour market was
strong and inflation was likely to
return to the Fed’s 2% annual goal.
‘Deutsche Bank
has discussed
adding assets to
bad bank’
BY M ATT SC U FFHA M
NEW YORK: Some senior
Deutsche Bank AG officials
have discussed the possibility
of putting additional prob-
lematic assets worth billions
of euros into a unit it created
earlier this year, if the bank is
able to sell assets already held
within that “bad bank”, ac-
cording to three bank sources.
The discussions in recent
weeks, which have not been
previously reported, are pre-
liminary, the sources said,
adding that there is nothing
imminent. A Deutsche Bank
spokesman said the bank has
no plans to add additional
assets into the so-called cap-
ital release unit, or bad bank.
Deutsche Bank needs
more capital to be able to
absorb the losses that will
likely come from shedding
problematic assets, such as
long-dated derivatives, that
are still on its books, the peo-
ple said.
But, after raising €29.3 bil-
lion (RM135.9 billion) in cap-
ital over the past nine years,
it does not have room to ask
investors for more, the sourc-
es added. — Reuters
“We are going to be highly da-
ta-dependent ... We are not on a
preset course, we are going to be
making decisions meeting by meet-
ing,” Powell said, adding that the Fed
would stop cutting rates “when we
think we’ve done enough”.
Trump blasted Powell, saying the
Hong Kong central bank tracks Fed
cut, hopes for calm amid protests
BY NOAH SIN
HONG KONG: Hong Kong’s cen-
tral bank lowered interest rates
yesterday in step with a rate cut
by the US Federal Reserve (Fed),
just as months of anti-government
protests and fallout from US-China
trade tensions start to take a toll on
the economy.
The city’s monetary policy has
to follow the US’ as its currency is
pegged to the greenback.
The Hong Kong Monetary Au-
thority (HKMA) lowered its base
rate charged through the overnight
discount window by 25 basis points
to 2.25% after the Fed cut by the
same margin.
‘Brexit has cost London 1,000 investment bank jobs so far’
BY SILLA BRUSH
LONDON: With just over six weeks
until the UK is due to quit the Euro-
pean Union (EU) with or without a
deal, the expected rush of investment
bank jobs out of London is still just a
trickle, according to a study.
Banks have moved 1,000 posts to
rival hubs like Frankfurt and Paris
since the referendum in June 2016,
a report by Ernst & Young (EY) said.
central bank chief had “No ‘guts’, no
sense, no vision!”
“A terrible communicator,”
Trump tweeted before Powell had
even begun his news conference.
Underscoring divisions within
the central bank, the quarter-point
rate cut on Wednesday drew dissent
The Fed cut rates on Wednes-
day “to provide insurance against
ongoing risks” such as weak global
growth and the Sino-US trade war.
The HKMA also followed the Fed
to cut rates for the first time since
the 2008/09 global financial crisis
last month.
Yesterday’s cut comes after more
than 100 days of anti-government
protests in the city, with violence and
police response escalating over the
summer. That has added to pressure
from the trade tensions on the Hong
Kong economy.
HKMA’s chief expressed hopes
for the city to return to calm.
“I hope we can restore order as
soon as possible, to allow commer-
That contrasts with some estimates of
tens or even hundreds of thousands
shifting to the EU as a result of Brexit.
EY said the recent slowdown in
activity followed the decision to de-
lay Brexit at the end of March and
reflected the industry’s confidence
in its prior preparations for a messy
divorce.
“Financial services firms have
the building blocks in place, but
have so far transferred fewer staff
FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
A screen displaying
Fed interest rates
as traders were
working at the
New York Stock
Exchange in the
US on Wednesday.
The quarter-point
rate cut drew
dissent from three
of the 10 voting
policymakers.
Photo by Reuters
from three of the 10 voting policy-
makers.
Kansas City Fed president Esther
George and Boston Fed president
Eric Rosengren called for no rate cut,
and St Louis Fed president James
Bullard wanted a bigger half-point
rate cut. — Reuters
cial, economic and financial activ-
ities to carry on as normal,” HKMA
chief executive Norman Chan told
reporters yesterday. “This can help
Hong Kong better deal with the
overall difficult circumstances.”
Chan said HKMA is working
with the banking industry to alle-
viate pressure on financing costs of
small and medium enterprises. Hong
Kong’s economy is expected to slip
into recession in the third quarter.
To ease the economic pain, the
Hong Kong government could beef
up the HK$19.1 billion (RM10.23
billion) relief package it announced
last month, Financial Secretary Paul
Chan signalled on Wednesday. —
Reuters
and assets to the continent than
expected,” Omar Ali, UK financial
services leader at EY, said in the re-
port, which tracked 222 firms’ com-
ments on Brexit.
The sluggish pace has already
prompted regulators to urge banks
to prepare themselves faster for every
form of Brexit, amid heightened con-
cerns in Brussels that the UK will
crash out on Oct 31 with no deal to
ease the transition. — Bloomberg
US trade
groups urge
Congress to
rein in ‘Tariff
Man’ Trump
BY A N D R E A S H A L A L
WASHINGTON: Nearly two
dozen US lobbying groups
have joined forces to try to
rein in US President Donald
Trump’s power to unilaterally
impose tariffs amid growing
concern about the negative
economic impact of his trade
policies.
Led by the National For-
eign Trade Council (NFTC),
the groups on Wednesday
said they had formed the Tar-
iff Reform Coalition to urge
Congress to wrestle back
greater control over trade
policy and increase its over-
sight of the president’s use
of tariffs.
Trump, who has dubbed
himself “Tariff Man”, has im-
posed or planned tariffs on
steel, aluminium and near-
ly all US$500 billion (RM2.1
trillion) in products imported
from China each year, as he
pursues an “America First”
policy aimed at rebalancing
US trade ties.
NFTC president Rufus Ye-
rxa said the US Constitution
gave Congress the power to
regulate commerce, and law-
makers should ensure that
tariffs were used only in ex-
ceptional circumstances.
“Not since the 1930s has
our country relied so heavi-
ly on tariffs in an attempt to
pick winners in the US market
while overlooking the broader
consequences for other in-
dustries and our economy as a
whole,” he said in a statement.
The 23 groups outlined
their concerns in a letter to
the two congressional com-
mittees that oversee foreign
trade, the House Ways and
Means Committee and the
Senate Finance Committee.
“It is clear that many of the
administration’s tariff actions
over the past two years have
had significant collateral ef-
fects on domestic prices and
have led to extensive retaliation
against our exports,” the groups
wrote, warning that measures
still under consideration could
inflict further harm.
The letter was signed by
large US trade associations,
including the Grocery Man-
ufacturers Association, the
National Retail Federation,
the Association of Global Au-
tomakers, and the American
International Automobile
Dealers Association.
The initiative comes as
frustration has grown on
both sides of the political aisle
about the president’s use of
unilateral measures to impose
tariffs, often citing “national
security concerns”, and to con-
clude trade agreements with
little to no consultation with
Congress. — Reuters
FRIDAY S E P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
US, Chinese
trade
deputies
face off in
Washington
BY DAVI D L AWDER
WASHINGTON: US and Chi-
nese deputy trade negotiators
were set to resume face-to-face
talks yesterday for the first time
in nearly two months as the
world’s two largest economies
try to bridge deep policy differ-
ences and find a way out of a
bitter and protracted trade war.
The negotiations yesterday
and today are aimed at laying the
groundwork for high-level talks
in early October that will deter-
mine whether the two countries
are working towards a solution
or are headed for new and high-
er tariffs on each other’s goods.
A delegation of about 30
Chinese officials, led by Vice
Finance Minister Liao Min,
were set to launch talks yes-
terday morning at the US Trade
Representative’s (USTR) office
near the White House. The US
side is expected to be led by
Deputy USTR Jeffrey Gerrish.
The discussions are likely to
focus heavily on agriculture, in-
cluding US demands that China
substantially increase purchases
of American soybeans and oth-
er farm commodities, a person
with knowledge of the planned
discussions told Reuters.
The negotiations
yesterday and today
are aimed at laying
the groundwork for
high-level talks in
early October.
Two negotiating sessions over
the two days will cover agricul-
tural issues, while just one will
be devoted to texts covering core
changes to strengthen China’s
intellectual property protections
and end the forced transfer of
US technology to Chinese firms.
“Sessions on agriculture will
get a disproportionate amount
of air time,” the source said,
adding that one of these ses-
sions also will include a fo-
cus on US President Donald
Trump’s demand that China
cut off shipments of the syn-
thetic opioid fentanyl to the US.
Trump is eager to provide
export opportunities for US
farmers, one of his key political
constituencies who have been
battered by China’s retaliato-
ry tariffs on US soybeans and
other agricultural commodi-
ties. US Treasury Secretary Ste-
ven Mnuchin, who will partic-
ipate in the October talks along
with USTR Robert Lighthizer
and Chinese Vice Premier Liu
He, has said that currency is-
sues will be a focus of the new
rounds of talks. — Reuters
Trump orders more
Iran sanctions
Saudi says drones, missiles were sponsored by Tehran
BY STEP HEN KALIN
& PARISA HAFEZI
JEDDAH/DUBAI: US President Don-
ald Trump ordered a major increase
in sanctions on Iran on Wednesday
as Saudi Arabia displayed remnants
of drones and missiles it said were
used in a crippling attack on its oil
sites “unquestionably sponsored”
by Tehran.
Trump gave no explanation in a
Twitter post announcing the order,
but it followed repeated US asser-
tions that the Islamic Republic was
behind Saturday’s attack and came
hours after Saudi Arabia said the
strike was a “test of global will”.
“I have just instructed the Secre-
tary of the Treasury to substantially
increase sanctions on the country of
Iran!” he wrote.
Iran again denied involvement
in the Sept 14 raids, which hit the
world’s biggest crude oil processing
facility and initially knocked out half
of Saudi output. Saudi Arabia is the
world’s leading oil exporter.
Responsibility was claimed by
Yemen’s Iran-aligned Houthi group,
which on Wednesday gave more
details of the raid, saying it was
launched from three sites in Yemen.
In a remark that may further strain
an already tense political atmos-
Trudeau
apologising,
for wearing
‘brownface’
make-up in 2001,
to reporters on
the Liberal party
leader’s election
campaign jet in
Halifax, Nova
Scotia, Canada
on Wednesday. ‘I
deeply regret that I
did that,’ a shaken
Trudeau told
reporters. Photo by
Reuters
Trudeau apologises for wearing ‘brownface’ make-up in gala
BY THEOP HILOS ARGITI S
& DAV ID SCANLAN
OTTAWA/TORONTO: Justin
Trudeau’s re-election bid was dealt
a serious blow after the Canadi-
an prime minister was forced to
apologise for wearing “brownface”
make-up at an “Arabian Nights”
theme party in 2001, saying it was
racist and a dumb thing to do.
“I deeply regret that I did that,”
a shaken Trudeau told reporters
on his campaign plane late on
REUTERS
phere in the Gulf, the Houthis also
said they had dozens of sites in the
United Arab Emirates, Riyadh’s top
Arab ally, listed as possible targets
for attacks.
In an attempt to bolster its asser-
tion that Iran was responsible, Saudi
Arabia showed drone and missile
debris it said amounted to undeni-
able evidence of Iranian aggression.
A total of 25 drones and missiles
were used in the attacks sponsored
by Iran but not launched from Yem-
en, defence ministry spokesman
Colonel Turki al-Malki told a news
conference.
“The attack was launched from
the north and unquestionably spon-
sored by Iran,” he said, adding Ira-
Wednesday. “I should have known
better but I didn’t.”
The photograph of Trudeau, first
published by Time Magazine, ap-
peared in the yearbook of West
Point Grey Academy, the private
school in Vancouver where he once
taught. The photograph shows
Trudeau wearing an ornate white
turban, with his face and hands
darkened. He was then 29.
The picture is a potentially crip-
pling set back for Trudeau, just
weeks before an Oct 21 federal
nian Delta Wing unmanned aerial
vehicles were used in addition to
cruise missiles.
Proof of Iranian responsibility,
and in particular firm evidence that
the attack was launched from Iranian
territory, could pressure Riyadh and
Washington into a response. Both
nations, however, were stressing the
need for caution.
Trump has said he does not want
war and is coordinating with Gulf
and European states. Crown Prince
Mohammed Salman (pic) said the
strike was a “real test of the global
will” to confront subversion of the
international order.
His envoy to London, Prince
Khalid Bander, told the BBC the
attack was “almost certainly” Ira-
nian-backed: “We’re trying not to
react too quickly because the last
thing we need is more conflict in
the region.”
The Islamic Republic dismissed
the allegations.
“They want to impose maximum
... pressure on Iran through slander,”
Iranian President Hassan Rouhani
said.
“We don’t want conflict in the
region ... Who started the conflict?”
he added, blaming Washington and
its Gulf allies for the war in Yemen.
— Reuters
election. He has already seen his
support wane over the past year
amid an ethics scandal involving
SNC-Lavalin Group Inc, has made
diversity a central tenet of his gov-
ernment.
The photograph, along with a
report from Canada’s ethics com-
missioner last month that Trudeau
broke conflict of interest laws by
seeking an out-of-court settlement
on SNC’s behalf, may give a boost
to Trudeau’s opponents in a tight
election race. — Bloomberg
W O R L D 21
IN BRIEF
‘Trump communication with
foreign leader caused
whistle-blower complaint’
WASHINGTON: US President
Donald Trump’s promise to a
foreign leader so troubled an
official in the US intelligence
community that it prompted
them to file a whistle-blower
complaint, the Washington Post
reported on Wednesday. The
Post, which cited two former
officials familiar with the matter,
said it was not immediately clear
which foreign leader Trump
was speaking with or what he
pledged to deliver. The com-
munication was a telephone
call, one former official said, ac-
cording to the Post. Intelligence
Community Inspector General
Michael Atkinson determined
that the complaint was credi-
ble and troubling enough to be
considered a matter of “urgent
concern,” a legal threshold that
requires notification of congres-
sional oversight committees, the
Post said. — Reuters
Tokyo court clears ex-
Tepco execs of negligence
over Fukushima
TOKYO: A Tokyo court cleared
yesterday three former Tokyo
Electric Power (Tepco) execu-
tives of negligence for the 2011
Fukushima disaster. Former
Tepco chairman Tsunehisa
Katsumata and one-time ex-
ecutives Sakae Muto and Ichiro
Takekuro were all found not
guilty by the Tokyo District
Court. A woman sitting in the
public gallery, where about 100
people were seated, shouted
“unbelievable”, on hearing the
verdict. Outside the court were
displaced residents and pro-
testers. The trial, which started
in June 2017, was conducted
by state-appointed lawyers af-
ter prosecutors decided not to
bring charges. — Reuters
US lawmakers cite
progress in US-Mexico-
Canada trade deal
WASHINGTON: Democratic
and Republican US lawmakers
on Wednesday cited progress in
talks with the Trump adminis-
tration aimed at ensuring pas-
sage of a new US-Mexico-Can-
ada trade agreement, but said
more work was needed. House
Ways and Means chairman
Richard Neal, a Massachusetts
Democrat, and the ranking Re-
publican on the committee,
Kevin Brady of Texas, separate-
ly told reporters the two sides
were exchanging information.
— Reuters
‘Too late for European
Council to negotiate
Brexit deal’
PARIS/BRUSSELS: Time to
agree a Brexit deal is running
out and it will be too late for Eu-
ropean leaders to iron out a deal
at a European Council meeting
in Brussels in mid-October, a
French diplomatic source said
yesterday. The French warn-
ing comes after President Em-
manuel Macron met the Finn-
ish prime minister in Paris on
Wednesday. — Reuters
22
live it!
FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

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

WEEKEND
by numbers
20.09.19 to 22.09.19
Your quick guide to rest and relaxation. By Lakshmi Sekhar

2 exciting exhibitions

Dust and the Silence in the Sun

Cheong Kiet Cheng presents her third solo exhibition with Wei-Ling Contempo-
rary, Dust and the Silence in the Sun. Her artworks explore spirits in our world and
their relationship with the rest of the universe. Looking into the future and into the
spiritual realm, Cheng’s exhibit is largely a self-reflection. The artist uses her own
technique of meditative drawing, with a study of black ink that creates monochro-
matic visuals. Using a round canvas, Cheng’s figures contort to the atypical shape.
Cheng has previously won the 2018 UOB Painting of the Year in Malaysia and is
the recipient of the 2018 UOB-Fukuoka Asian Art Museum Artists Residency Pro-
gram. Dust and the Silence in the Sun is supported by UOB Malaysia. This exhibit
runs until Sunday, from 11am to 7pm at Wei Ling Contemporary, RT01, Sixth Floor,
The Gardens Mall, Kuala Lumpur. For more information, visit weiling-gallery.com.
Bunga di Hati
Artist Marisa R Ng presents Bunga di Hati. Trained in figurative painting, Ng studied
art at the National Academy of Arts, Culture & Heritage in Kuala Lumpur. Expanding
her horizons by training under renowned Malaysian abstract artists Suzlee Ibra-
him and Ismadi Sallehudin, Ng has truly found her sense of style and vision. Ng is
among the handful of female abstract expressionist painters in Malaysia. Her works
include tools such as pencils, crayons, charcoal sticks, brushes, pallet knives and
oils. This exhibition is on until next Tuesday, from 11am to 7pm. Visit ZHAN Art |
Space, 100-G.025, Block J, The School, Jaya One, No 72A, Jalan Universiti, Petaling
Jaya. For more information, visit zhanart.my.

1 waste-free workshop
Kombucha workshop
Ever wanted to make your own kombucha? The Hive invites you to try your
hand at brewing some tasty kombucha with artisanal producer Gillian as
your guide. With a step-by-step guide, you will be able to brew your own
batch at home. Participants will have an explanation of the benefits of kom-
bucha, brewing techniques and a guide for second fermentation flavouring.
The price is RM150, which includes presentation materials, a kombucha
kit, complimentary Boocha Kombucha and pudding from Rawsome. For
the class tomorrow at 10am to noon, head to The Hive TTDI, No 4A, level,
1, Jalan Tun Mohd Fuad 1, Taman Tun Dr Ismail, Kuala Lumpur, or for the
class on Sunday at 10am to noon, go to The Hive Bulk Foods, 92A, Lorong
Maarof, Bangsar Park, Kuala Lumpur. For more information or to book your
spot, visit thehivebulkfoods.com.
 live it! 23
FRIDAY S E P T E MBE R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY

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

3 musical masters
Clinton Chua & Pete Kallang
Taking over the No Black Tie stage is Clinton Jerome
Chua and Pete Kallang. Chua is a new soul, R&B and
jazz singer all the way from Sarawak. Nurturing his love
for music while at church, he spread his vocal talents
to conferences in Borneo and finally releasing two sin-
gles in 2013. Kallang is the joyful prince of soul from
Borneo who has continuously impressed audiences
with his emotional renditions. Spend an evening with
these two talented musicians tomorrow at 10pm and
on Sunday at 9pm. Tickets are RM53 or RM174.80 with
dinner. No Black Tie is located at 17 Jalan Mesui, off
Jalan Nagasari, Kuala Lumpur. For more information,
visit noblacktie.com.my.
Raiders of the Lost Ark in Concert
Fans of Indiana Jones will be excitied to hear that the
Malaysian Philharmonic Orchestra (MPO) will be show-
casing Raiders of the Lost Ark in Concert. This concert
Sharizan Borhan presents live accompaniment to the screening of the
Head down to Bobo KL for Malaysia’s King of Swing, blockbuster movie directed by Steven Spielberg. The
Sharizan Borhan. Making his Bobo KL debut with pop, MPO has previously done live accompaniments for
classics and our local favourites, Borhan will have movies such as Psycho, Home Alone, Casablanca, Ola
you snapping your fingers to the beat. His smooth Bola, Ratatouille, and Charlie Chaplin’s Modern Times
vocals and exciting personality really take over a stage. and The Gold Rush. This live show, conducted by Gerard
Backing this star up is Tok Kohn on the Bobo grand, Salonga, will be playing tomorrow at 8.30pm and on
Wan Gigi on guitar, Fly Halizor on bass and Sudin Sunday at 3pm. Tickets are RM226, RM179, RM150 and
on drums. Playing today and tomorrow at 9.30pm, RM113. Visit Dewan Filharmonik Petronas/Malaysian
tickets are priced at RM60 or RM45 for Bobo diners. Philharmonic Orchestra, Level 2, Tower 2, Petronas Twin
Visit Bobo KL at 65-1, Jalan Bangkung, Bangsar, Kuala Towers, Kuala Lumpur City Centre, Kuala Lumpur. To
Lumpur. For tickets, call (03) 2092 5002. book tickets, call (03) 23317007 or visit mpo.com.my.

2 performances
for a laugh
2 cultural events
Hachi Hachi Bon Odori
To celebrate its eighth anniversary,
Publika is hosting a themed event
named Hachi Hachi Bon Odori. To
fully mark this milestone year in the
mall retail business, UEM Sunrise Bhd
has themed its event around the Daru-
ma Doll. This cultural Japanese event
includes a line-up of performances
such as Malaysian and Japanese cul-
tural dances, an Olympic Ondo dance,
a parade and much more. Kicking off at
4pm tomorrow, the evening ends with
fireworks at 10pm. It will be held at The
Square, Publika, Jalan Dutamas, Sola-
ris Dutamas, Kuala Lumpur. For more
Ollie Horn information, visit Publika’s Facebook
UK-born Ollie Horn graces the Crackhouse stage with side-splitting jokes and stories. page @PublikaGallery.
Coming from Japan, Horn is thought of as a gifted storyteller with his razor-sharp
humour and great jokes. He is the founder of Japan’s first bilingual comedy troupe
and has worked for Stuart Goldsmith, Brendon Burns and Steve Hofstetter. He is a
finalist in Shanghai and Seoul comedy competitions, and has taken his new show Tour de Force
Pig in Japan to the Edinburgh Fringe Festival. Performing today and tomorrow at Gracing the klpac stage are 20 in-
9pm, tickets are RM50 or RM60 at the door. For more information, visit Crackhouse credible dancers of Ballet Manila
Comedy Club’s Facebook page @crackhousekl. performing Tour de Force, a pres-
entation of great achievement
and undeniable skills. Artistic
director Lisa Mecuja Elizalde and
Danny Cho co-artistic director Osias Barroso
For his first performance at have concocted a performance
The Joke Factory, Danny Cho like no other. With elements from
brings his unapologetic sense various eras of ballet, Tour de
of humour and rants. Kore- Force encapsulates the electrify-
an-American Cho started per- ing beauty of dance and the im-
forming stand-up in univer- pressive techniques and energy
sity. Becoming a star with the the dancers bring. Presented by
Asian-American community City Ballet Performing Arts, this
through YouTube, he land- performance takes place tomor-
ed a role in MADtv. Cho has row at 8pm and on Sunday at
been in many commercials 2pm. Tickets come in three cate-
and movies since, and has re- gories: Bronze for RM108, Silver
cently written a screenplay en- for RM158 and Gold for RM208.
titled Ktown Cowboys, which Visit Pentas 1, klpac, Sentul Park,
won best feature at the Los Jalan Strachan, Kuala Lumpur.
Angeles Asian Pacific Film Festival 2010. Cho is performing today and tomorrow For more information, visit kl-
at 8.30pm. Visit The Joke Factory, Lot 26, Level G3, Publika Shopping Gallery, Jalan pac.org, or for bookings, call (03)
Dutamas 1, Solaris Dutamas, Kuala Lumpur. For tickets, visit thejokefactory.com.my. 4047 9000.
2 4 S P O RT S
PSG show character and
personality in crushing Real
French team win against 13-time European champions
BY JU L I EN PRETOT
PARIS: Paris St Germain (PSG)’s
crushing of Real Madrid (Real) in
their Champions League opener was
not a warning to their European ri-
vals — it was more a self-confidence
booster on the French side’s return
to the biggest stage after another
humiliation.
PSG suffered an embarrassing
last-16 exit against a low-key Man-
chester United following a shock
3-1 home defeat last season, and
on Wednesday, they had a point to
prove to themselves.
While a 3-0 home win against
the 13-time European champions
in Group A will not wipe off three
consecutive last-16 eliminations,
the Parc des Princes game showed
that PSG have grown as a squad.
Thomas Tuchel’s side were with-
out their magic trio of Kylian Mbappe,
Edison Cavani — both injured — and
Neymar, who was suspended, yet
they produced a collective perfor-
mance to be remembered.
Angel Di Maria showed his class
and flair with a brace, helped by the
Fifa tells Iran it
is time to allow
women into
stadiums
BY B R I A N HOMEWOOD
ZURICH: Fifa president Gianni
Infantino has told Iran it is
time to allow women into foot-
ball stadiums and the global
soccer body expects “posi-
tive developments”, starting
with their next home match
in October.
While foreign women
have been allowed limited
access to matches, Iranian
women have been banned
from stadiums when men’s
teams have been playing,
since just after the 1979 Is-
lamic revolution.
Infantino said in a Fifa
statement he was hopeful
that the Iranian football fed-
eration and the government
had been receptive to “our
repeated calls to address this
unacceptable situation.”
He added, “Our position is
clear and firm. Women have
to be allowed into football
stadiums in Iran. Now is the
moment to change things and
Fifa is expecting positive de-
velopments starting in the next
Iran home match at October.”
— Reuters
huge work of midfielders Marco
Verratti, Marquinhos and Idrissa
Gueye, with the Senegalese proving
his worth after joining from Everton
during the close season.
“He’s a machine. He’s the type
of player we were missing, he never
stops running,” said Tuchel.
Gueye provided the midfield
Woods and McIlroy to clash
in new format
BY OSSIAN SHINE
LONDON: Tiger Woods will clash
with Rory McIlroy, Jason Day and
Hideki Matsuyama in a high-stakes,
globally televised golf challenge in
Japan next month.
The four will go toe-to-toe in
an extravaganza featuring special
in-match challenges and surpris-
es, floodlit finishes with holes
assigned increasing monetary
value.
The event, called ‘The Challenge:
Haas confirm Grosjean in unchanged 2020 F1 line-up
BY ABHISHEK TAKLE
SINGAPORE: French driver Romain
Grosjean will stay at Haas next sea-
son with Dane Kevin Magnussen in
an unchanged line-up for a fourth
straight year, the Formula One team
announced yesterday.
Magnussen, 26, already had a
contract for 2020 while 33-year-old
Grosjean had faced an uncertain
future at the US-owned outfit.
“I’ve always stated that it was
my desire to remain ... and keep
building on the team’s accomplish-
ments,” Grosjean said in a state-
ment at the Singapore Grand Prix.
with much-needed stamina since
Blaise Matuidi left for Juventus in
2017, proving essential with defen-
sive tackles and impressive bursts
going forward.
With the ‘MCN’ trio out, Argentine
striker Mauro Icardi, loaned from
Inter Milan, harassed the Real de-
fence and created space for Di Ma-
Japan Skins’ will tee off on Oct 21 at
the Accordia Golf Narashino Coun-
try Club in Chiba, and will be played
under the “skins” format.
The format, designed to encour-
age aggressive play from start to
finish, forces players to win a hole
outright to take a “skin”, with tied
holes resulting in a “push” of the
skin to the next hole.
“After discussing The Challenge
with Discovery and GOLFTV, I
wanted to be a part of it,” 15-times
golf major champion Woods said.
“Having been here since the
very beginning and seen the work
both [owner] Gene Haas and [prin-
cipal] Guenther Steiner put into
the team to make it competitive,
I’m naturally very happy to con-
tinue to be part of that.”
Haas, who have a close techni-
cal partnership with Ferrari, en-
tered Formula One in 2016 with
Grosjean alongside Mexican Este-
ban Gutierrez before Magnussen
arrived a season later.
They are currently ninth out of
10 in the constructors’ standings
with only struggling former cham-
pions Williams below them and
FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY
Paris St
Germain’s
Thomas Meunier
(second from
left) scores their
third goal during
the Champions
League match
against Real at
Parc des Princes,
Paris, France
on Wednesday.
Photo by Reuters
ria while keeper Keylor Navas, who
joined from Real, is expected to give
the defence some peace of mind.
“We have a great team, with
more personality now,” said Tuchel.
PSG, however, are well aware
that group stage wins will mean
nothing when the knockout phase
comes in the winter. — Reuters
“I haven’t been back to Japan
since 2006 and the golf fans there
are some of the best in the world.
It’s a unique format and a top field
with Rory, Jason and Hideki. I can’t
wait to play against them on a glob-
al stage.”
Matsuyama hopes local support
might give him an edge, while Day
says the winner will be the player
who best executes an aggressive
strategy on every hole.
McIlroy is eager to embrace a
format he says he loves. — Reuters
seven races remaining.
Meanwhile, Singapore Grand
Prix organisers are stocking up
on disposable face masks to sell
to spectators if the worst air pol-
lution in three years threatens
to taint the city-state’s marquee
sports event.
Organisers will be keeping tabs
on haze readings as the US$100
million (RM419 million) Formu-
la One street race kicks off today,
just days after Singapore author-
ities warned already-unhealthy
levels could worsen and advised
people to reduce outdoor activi-
ty. — Reuters
IN BRIEF
Mouratoglou: Age not
an obstacle to Serena’s
pursuit of 24th major
BENGALURU: Serena Williams
is getting faster and fitter in her
hunt for an elusive 24th Grand
Slam title and the 37-year-old
still has time on her side de-
spite missed opportunities,
the American’s coach, Patrick
Mouratoglou, has said. Williams
suffered her fourth consecu-
tive defeat in a Grand Slam fi-
nal at the US Open earlier this
month as she again came ag-
onisingly close to Australian
Margaret Court’s all-time re-
cord of 24 majors before falling
in straight sets. “She is getting
back in shape, and the more
in shape she will be, the more
dangerous she will be. I think
she has started to play really
good tennis,” Mouratoglou told
Sky Sports. — Reuters
Sepang Circuit ready to
host Endurance World
Championship
KUALA LUMPUR: Malaysian
motorsports will add anoth-
er feather to its cap by hosting
another international motor-
sports event that marks another
milestone for the country and
the Sepang International Cir-
cuit on the world motorsports
calendar. This time, it would
be the FIM Endurance World
Championship, another form of
endurance race for two wheels,
scheduled to be held from Dec
13 to 15. The very first edition of
the Sepang round, named the
Eight Hours of Sepang, would
be held alongside the FIA World
Touring Car Cup, an all-new
dual event for two- and-four-
wheel races. — Bernama
IAAF confirms 1,900-plus
world championship
entries
BENGALURU: More than 1,900
athletes from 209 countries will
be in action at this month’s
World Athletics Champion-
ships, with American sprinter
Allyson Felix looking to extend
her record medal tally in Doha.
The International Association
of Athletics Federations (IAAF)
confirmed 1,928 entries in a pro-
visional list released yesterday.
All 30 of the Diamond League
champions have confirmed par-
ticipation, while 38 individu-
al winners from the London
championships two years ago
will defend their titles in Doha.
— Reuters
Tottenham making same
old mistakes, says Kane
BENGALURU: Tottenham Hot-
spur striker Harry Kane said he
fully understands manager Mau-
ricio Pochettino’s frustration
with the team, asserting that
they had failed to learn from past
mistakes following Wednesday’s
2-2 Champions League draw at
Olympiakos Piraeus. “You can
see why the manager is frus-
trated. He has been here for five
years now and we’re still mak-
ing similar mistakes as we were
the first year,” Kane, who scored
Spurs’ opener from the penalty
spot, told reporters. — Reuters
FRIDAY S E P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
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(RM)
VOL
(‘000)
VWAP*
(RM)
PE#
(X)
DY
(%)
MKT CAP
(MIL)
0.940 0.565 0.940 0.910 7168 PRG 0.935 0.025 2132 0.926 — — 339.4
Sectorial Movement 0.708 0.410 0.665
0.305 0.190 0.215
0.625
0.210
8966
0186
PRLEXUS
PTRANS
0.635
0.210
-0.025
-0.005
416.6
5024.6
0.643
0.210
—
8.17
2.36
4.52
114.7
298.8
0.920 0.686 0.710 0.710 7134 PWF 0.710 UNCH 11.5 0.710 9.39 3.52 123.5
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG 2.100 1.319 2.100 2.040 7237 PWROOT 2.050 0.010 1127.6 2.054 25.72 4.05 828.0
FBM KLCI 1,596.28 -3.21 -0.20 CONSTRUCTION 206.27 -1.25 -0.60 7.575 5.986 7.050 6.990 7084 QL 7.040 0.050 542 7.023 51.09 0.64 11,422.0
0.420 0.270 0.290 0.280 9946 REX 0.290 -0.005 3 0.283 — — 71.5
FBM ACE 4,525.54 -5.49 -0.12 CONSUMER PRODUCTS & SERVICES 647.06 -0.92 -0.14 0.238 0.175 0.175 0.175 0037 RGB 0.175 UNCH 308 0.175 7.92 4.00 270.7
FBM TOP 100 11,109.44 -24.31 -0.22 ENERGY 1,125.64 13.91 1.25 0.845 0.652 — — 5278 RHONEMA 0.700 — — — 14.20 4.29 127.8
FBM EMAS 11,276.59 -22.88 -0.20 FINANCIAL SERVICES 15,423.09 -26.96 -0.17 0.700 0.276 0.665 0.635 0183 SALUTE 0.635 -0.020 2830.5 0.646 — 3.78 246.4
0.300 0.165 0.170 0.165 5252 SASBADI 0.165 -0.005 127.7 0.165 86.84 — 69.2
FBM MID 70 13,963.43 -38.75 -0.28 HEALTH CARE 1,258.49 0.06 UNCH 0.450 0.260 0.270 0.270 5157 SAUDEE 0.270 UNCH 30 0.270 — — 37.1
FBM MIDS CAP 14,175.34 40.10 0.28 INDUSTRIAL PRODUCTS & SERVICES 154.37 -0.21 -0.14 0.675 0.577 0.630 0.630 9792 SEG 0.630 -0.005 5 0.630 18.21 4.37 796.7
FBM SMALL CAP 13,067.32 20.43 0.16 PLANTATION 6,786.12 -38.97 -0.57 1.560 1.199 1.450 1.430 5250 SEM 1.440 UNCH 759.7 1.440 30.06 1.67 1,776.1
0.660 0.440 0.660 0.630 7180 SERNKOU 0.640 -0.005 1362.5 0.647 13.28 — 153.6
FBM FLEDGLING 14,293.31 -18.37 -0.13 PROPERTY 784.91 -2.18 -0.28 5.900 4.770 5.200 5.200 5517 SHANG 5.200 0.160 10 5.200 37.06 2.88 2,288.0
FTSE4GOOD BURSA M’SIA 888.92 -1.38 -0.16 REAL ESTATE INVESTMENT TRUSTS 1,006.99 1.41 0.14 0.710 0.415 — — 7412 SHH 0.500 — — — — — 25.0
0.565 0.315 0.475 0.455 7246 SIGN 0.470 0.010 343 0.460 47.00 3.19 112.9
FBM PALM OIL PLANTATION MYR 11,519.07 -144.68 -1.24 TECHNOLOGY 34.42 -0.02 -0.06
2.646 2.022 2.360 2.290 4197 SIME 2.310 -0.030 7105.5 2.311 16.50 3.90 15,709.9
FBM EMAS SHARIAH 11,832.17 -29.53 -0.25 TELECOMMUNICATION & MEDIA 709.82 -0.73 -0.10 0.470 0.180 0.180 0.180 8532 SINOTOP 0.180 -0.015 23.8 0.180 150.0 — 71.1
FBM HIJRAH SHARIAH 13,153.11 -39.33 -0.30 TRANSPORTATION & LOGISTICS 775.73 -5.64 -0.72 0.250 0.105 0.150 0.140 9776 SMCAP 0.145 UNCH 181 0.145 — — 31.0
0.310 0.210 — — 7943 SNC 0.235 — — — — — 15.5
FBM MIDS CAP SHARIAH 13,495.10 23.15 0.17 UTILITIES 974.17 -0.14 -0.01 0.345 0.200 0.260 0.255 5242 SOLID 0.255 -0.005 32.4 0.255 70.83 0.78 100.1
2.400 1.965 2.290 2.290 7103 SPRITZER 2.290 0.060 0.1 2.290 18.25 1.53 480.9
0.680 0.582 — — 0301 SUPREME 0.680 — — — 15.70 0.62 81.6

Bursa Malaysia Main Market 0.780 0.500

0.267 0.175 0.190
0.420 0.240
—

—
—
0.190
—
7186
7082
7211
SWSCAP
SYF
TAFI
0.700
0.190
0.240
—
-0.005
—
—
50
—
—
0.190
—
—
—
—
—
6.58
—
127.6
117.7
19.2
1.702 1.294 1.370 1.370 4405 TCHONG 1.370 UNCH 30.4 1.370 7.17 2.92 920.6
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 1.550 0.695 — — 7439 TECGUAN 1.050 — — — 5.02 — 42.1
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 0.335 0.210 0.265 0.255 7200 TEKSENG 0.265 0.010 144.5 0.261 — — 92.3
CONSUMER PRODUCTS & SERVICES 1.391 0.697 1.150 1.120 7252 TEOSENG 1.120 -0.020 455.5 1.132 6.52 4.91 336.0
0.985 0.700 — — 0012 3A 0.830 — — — 11.46 2.41 408.4 1.150 0.866 — — 9369 TGL 1.090 — — — 7.06 4.59 44.4
0.315 0.165 0.175 0.165 5238 AAX 0.170 UNCH 22770 0.170 — — 705.2 0.588 0.440 — — 7230 TOMEI 0.460 — — — 10.95 2.17 63.8
0.490 0.335 0.370 0.360 7120 ACOSTEC 0.370 0.020 6.3 0.361 — — 72.0 0.460 0.300 0.310 0.310 7176 TPC 0.310 -0.010 30.8 0.310 5.50 — 72.5
1.919 1.345 1.500 1.470 6599 AEON 1.480 UNCH 688.9 1.484 17.39 2.70 2,077.9 5.988 4.177 5.060 4.970 4588 UMW 5.000 UNCH 49 5.000 16.32 1.50 5,841.5
0.185 0.115 0.125 0.125 7315 AHB 0.125 -0.005 142 0.125 14.53 — 22.0 2.305 1.977 2.200 2.200 7757 UPA 2.200 0.020 1 2.200 17.13 3.64 175.1
2.404 1.950 2.090 2.010 7090 AHEALTH 2.090 0.070 188.1 2.054 17.42 1.65 985.8 0.970 0.770 0.885 0.870 7240 VERTICE 0.885 UNCH 532 0.879 — — 167.1
2.157 1.309 1.800 1.780 5099 AIRASIA 1.790 -0.010 3865.4 1.791 10.41 13.41 5,982.1 1.253 0.910 — — 7203 WANGZNG 0.960 — — — 14.12 4.17 153.6
21.403 16.020 16.900 16.320 2658 AJI 16.880 0.500 2.6 16.41 17.36 2.78 1,026.3 2.268 2.021 — — 5016 WARISAN 2.120 — — — — 1.89 142.5
6.765 5.391 5.980 5.930 6351 AMWAY 5.930 0.010 3.2 5.971 14.30 3.37 974.8 0.160 0.070 0.085 0.080 5156 XDL 0.080 UNCH 1111.1 0.080 9.64 — 144.4
0.030 0.005 0.010 0.010 5194 APFT 0.010 -0.005 513 0.010 0.81 — 13.4 0.535 0.320 — — 7121 XIANLNG 0.380 — — — — — 30.4
4.072 3.550 3.870 3.850 6432 APOLLO 3.850 UNCH 5.2 3.853 18.72 5.19 308.0 2.340 1.769 2.150 2.140 5584 YEELEE 2.140 UNCH 41.8 2.150 12.88 1.87 410.0
0.160 0.105 0.125 0.125 1481 ASB 0.125 UNCH 115.5 0.125 — 2.00 116.1 1.206 0.924 1.010 1.000 5159 YOCB 1.010 0.010 4.1 1.002 7.07 4.46 161.6
0.570 0.325 0.500 0.500 7722 ASIABRN 0.500 UNCH 10 0.500 10.64 — 116.3 3.272 2.210 2.300 2.290 7178 YSPSAH 2.290 -0.010 35 2.296 12.97 3.06 319.6
2.628 2.316 2.390 2.380 7129 ASIAFLE 2.390 UNCH 12.8 2.390 9.40 5.86 465.5 1.659 1.135 1.570 1.520 5131 ZHULIAN 1.530 0.010 45.8 1.528 11.43 5.23 703.8
4.740 3.871 — — 7048 ATLAN 4.190 — — — 26.84 3.58 1,062.8 3.272 2.210 2.410 2.410 7178 YSPSAH 2.410 -0.010 10.2 2.410 11.69 2.90 336.4
0.325 0.115 0.120 0.115 8885 AVI 0.120 -0.005 686.2 0.120 — — 113.3 1.659 1.135 1.560 1.560 5131 ZHULIAN 1.560 UNCH 1 1.560 11.65 5.13 717.6
0.170 0.160 — — 0301 BABA 0.170 — — — — — 38.2 INDUSTRIAL PRODUCTS & SERVICES
37.306 18.340 20.240 19.840 4162 BAT 20.000 -0.320 556.5 19.96 13.37 7.15 5,710.6 0.100 0.070 0.070 0.070 7086 ABLEGRP 0.070 UNCH 50 0.070 — — 18.5
2.780 1.659 2.330 2.290 5248 BAUTO 2.300 UNCH 6156.5 2.311 10.24 6.52 2,675.7 0.605 0.350 0.530 0.510 7191 ADVENTA 0.530 0.025 17 0.525 — — 81.0
1.799 1.264 1.490 1.460 5196 BJFOOD 1.480 0.020 69.8 1.473 23.91 2.70 565.6 2.250 1.740 2.160 2.040 9148 ADVPKG 2.090 -0.090 281.7 2.062 204.9 2.87 42.9
0.305 0.150 0.205 0.195 4219 BJLAND 0.200 -0.005 1974.7 0.199 7.84 — 1,000.1 0.140 0.080 — — 7146 AEM 0.095 — — — — — 31.3
2.780 1.908 2.700 2.650 1562 BJTOTO 2.700 0.040 269 2.673 20.53 5.93 3,647.8 0.710 0.385 0.525 0.520 5198 AFUJIYA 0.525 0.005 8 0.522 19.37 — 94.5
0.353 0.201 0.265 0.260 9288 BONIA 0.265 -0.005 80.3 0.265 11.47 1.89 213.7 0.335 0.200 — — 2682 AISB 0.255 — — — — — 36.8
0.305 0.055 0.180 0.155 9474 BRAHIMS 0.175 0.015 3820.6 0.172 — — 41.3 0.630 0.400 0.410 0.405 7609 AJIYA 0.405 -0.005 67 0.407 5.61 — 123.4
0.868 0.400 0.415 0.405 7174 CAB 0.405 -0.010 339.9 0.407 20.56 1.23 266.8 0.895 0.420 0.500 0.485 2674 ALCOM 0.485 -0.005 24 0.493 23.66 — 65.2
0.595 0.320 0.425 0.395 7154 CAELY 0.410 UNCH 610.7 0.411 65.08 1.22 67.1 1.293 0.920 — — 7083 ANALABS 1.070 — — — 30.57 1.87 128.5
0.295 0.210 — — 7128 CAMRES 0.210 — — — 16.28 — 41.3 0.614 0.440 0.470 0.465 4758 ANCOM 0.470 UNCH 29.3 0.465 6.84 — 113.2
2.300 1.500 2.150 2.120 5245 CARING 2.120 -0.090 11.8 2.132 22.25 2.36 461.5 1.814 1.110 1.350 1.270 6556 ANNJOO 1.290 UNCH 599.1 1.320 29.93 9.30 722.3
26.790 16.463 25.300 25.120 2836 CARLSBG 25.140 0.020 6.1 25.18 26.95 3.68 7,686.5 0.055 0.025 0.030 0.025 9342 ANZO 0.030 0.005 290.2 0.030 — — 26.4
2.000 1.230 1.350 1.350 2925 CCB 1.350 0.020 1 1.350 — — 136.0 0.880 0.500 — — 5568 APB 0.580 — — — — — 65.5
0.847 0.355 0.500 0.495 7035 CCK 0.500 UNCH 377.3 0.496 13.40 2.50 315.4 3.342 2.311 2.430 2.330 5015 APM 2.430 0.110 5.2 2.345 14.85 4.94 489.9
0.390 0.270 0.330 0.305 7209 CHEETAH 0.330 0.030 20.4 0.326 103.13 1.21 42.1 0.630 0.475 0.475 0.475 7214 ARANK 0.475 -0.020 10 0.475 6.56 4.88 80.5
1.850 1.210 — — 2828 CIHLDG 1.290 — — — 10.97 7.75 209.0 0.605 0.186 0.325 0.310 7181 ARBB 0.325 0.010 3319.5 0.318 1.73 — 76.2
0.095 0.060 0.065 0.065 5104 CNI 0.065 UNCH 833.4 0.065 — 4.62 46.8 0.872 0.581 0.700 0.695 7162 ASTINO 0.700 0.010 69.3 0.697 9.27 1.43 191.9
0.065 0.025 0.040 0.040 5188 CNOUHUA 0.040 UNCH 84.8 0.040 — — 26.7 1.826 1.301 1.360 1.340 8176 ATAIMS 1.350 0.010 349.9 1.350 14.66 2.44 1,625.9
2.143 1.800 — — 7205 COCOLND 1.900 — — — 12.93 3.16 434.7 0.850 0.410 0.430 0.410 7099 ATTA 0.430 UNCH 4 0.420 18.22 — 91.7
0.085 0.005 — — 0301 CRG 0.065 — — — 12.04 — 52.4 0.918 0.580 0.615 0.610 7579 AWC 0.615 0.005 314.7 0.615 8.65 1.22 182.4
1.282 1.010 1.050 1.040 7202 CSCENIC 1.040 -0.010 13.5 1.044 16.10 6.73 125.3 0.405 0.295 0.305 0.295 5021 AYS 0.305 0.005 96.3 0.295 11.13 6.56 116.0
0.540 0.400 — — 9423 CWG 0.450 — — — 10.95 3.33 56.8 1.400 1.120 — — 8133 BHIC 1.300 — — — — 2.69 323.0
0.040 0.025 0.030 0.030 7179 DBE 0.030 UNCH 80 0.030 — — 80.3 0.515 0.260 0.300 0.300 7005 BIG 0.300 -0.010 30.4 0.300 15.15 — 14.4
1.050 0.760 — — 7119 DEGEM 0.760 — — — 24.92 1.32 101.8 0.170 0.110 0.120 0.120 6998 BINTAI 0.120 UNCH 198.8 0.120 3.03 — 34.8
3.266 2.062 2.550 2.540 5908 DKSH 2.550 0.010 7 2.548 13.07 3.92 402.0 0.325 0.245 0.260 0.255 3395 BJCORP 0.260 UNCH 5127.1 0.258 — — 1,355.9
64.500 56.200 57.560 56.200 3026 DLADY 57.560 0.860 41.5 56.61 31.85 1.74 3,683.8 0.766 0.485 0.580 0.565 0168 BOILERM 0.565 -0.010 153.5 0.571 10.37 3.54 291.5
1.480 0.898 1.370 1.340 7148 DPHARMA 1.350 0.010 720.4 1.352 16.28 4.07 918.1 0.060 0.040 0.045 0.040 7036 BORNOIL 0.045 UNCH 1132.8 0.044 — — 240.3
3.000 1.600 2.470 2.440 1619 DRBHCOM 2.440 UNCH 3387.1 2.452 20.02 1.23 4,717.1 1.350 0.865 — — 6297 BOXPAK 1.120 — — — — — 134.5
0.155 0.075 0.090 0.090 2097 EASTLND 0.090 -0.005 214.2 0.090 — — 26.5 1.128 0.833 0.990 0.985 5100 BPPLAS 0.990 0.010 18.2 0.989 8.88 5.56 185.8
0.675 0.530 — — 5081 EIG 0.580 — — — 14.95 5.17 137.6 0.220 0.140 0.170 0.170 9938 BRIGHT 0.170 -0.005 7 0.170 — — 34.9
0.075 0.035 0.050 0.045 7182 EKA 0.050 0.005 327.5 0.045 — — 15.6 0.445 0.260 0.335 0.300 7221 BSLCORP 0.305 -0.030 35.8 0.302 15.97 — 29.9
0.215 0.150 0.165 0.160 9091 EMICO 0.160 0.005 190.4 0.163 13.68 — 16.9 1.933 0.995 1.070 1.040 2771 BSTEAD 1.050 -0.020 1283.9 1.054 — 4.76 2,128.3
0.130 0.090 — — 0302 ENEST 0.130 — — — 18.84 — 60.5 0.175 0.070 0.105 0.105 7188 BTM 0.105 UNCH 39.8 0.105 — — 14.8
1.120 0.797 0.870 0.855 7149 ENGKAH 0.870 -0.130 15.5 0.857 7.95 6.90 61.6 3.941 1.807 3.170 3.170 5105 CANONE 3.170 UNCH 4.7 3.170 4.06 1.26 609.1
0.195 0.155 — — 0302 ETH 0.190 — — — — — 46.7 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6
0.205 0.080 0.100 0.095 7208 EURO 0.095 UNCH 520.4 0.098 — — 25.4 1.354 0.815 0.825 0.815 7076 CBIP 0.815 -0.010 109.3 0.820 22.70 4.91 438.7
0.700 0.320 — — 7094 EUROSP 0.400 — — — — — 17.8 2.168 1.490 1.520 1.490 2879 CCM 1.500 -0.010 108.5 1.508 11.22 4.00 251.5
37.314 28.688 35.860 35.100 3689 F&N 35.600 0.200 511.8 35.43 30.84 1.62 13,057.3 0.845 0.630 — — 8435 CEPCO 0.845 — — — — — 63.1
0.959 0.620 0.620 0.620 2755 FCW 0.620 UNCH 1.6 0.620 43.66 16.13 155.0 0.290 0.260 — — 0302 CETECH 0.285 — — — 17.70 0.35 98.6
0.505 0.428 0.500 0.490 6939 FIAMMA 0.490 -0.015 1.1 0.491 7.21 4.59 249.9 1.360 0.900 — — 8044 CFM 1.110 — — — — — 45.5
0.523 0.277 0.395 0.390 8605 FIHB 0.395 UNCH 54 0.390 5.91 — 43.1 0.850 0.420 — — 8052 CGB 0.525 — — — — — 47.3
1.955 1.247 1.650 1.630 9172 FPI 1.630 -0.010 211.2 1.637 10.16 6.13 403.2 0.435 0.275 0.285 0.275 7187 CHGP 0.280 UNCH 508 0.281 40.58 — 83.2
3.170 0.680 2.850 2.460 7184 G3 2.840 0.380 1045.3 2.703 — — 1,177.9 0.910 0.618 0.785 0.775 5273 CHINHIN 0.785 0.005 1475.1 0.781 17.96 3.18 436.8
4.196 1.979 4.080 4.000 5102 GCB 4.030 -0.020 594.7 4.031 8.68 0.74 1,935.0 1.945 1.508 1.680 1.670 5007 CHINWEL 1.680 UNCH 16 1.674 8.58 4.67 503.2
0.520 0.400 — — 5592 GCE 0.475 — — — — 4.21 93.6 1.720 1.320 1.380 1.380 5797 CHOOBEE 1.380 -0.070 2 1.380 13.44 3.62 181.7
4.784 2.604 3.100 3.040 4715 GENM 3.060 -0.040 14473 3.065 — 3.59 18,170.4 0.500 0.221 0.430 0.420 7016 CHUAN 0.425 -0.010 136.1 0.426 7.54 2.59 71.7
7.909 5.730 5.810 5.730 3182 GENTING 5.770 -0.030 6760.9 5.757 14.43 2.51 22,369.7 0.045 0.035 — — 7018 CME 0.035 — — — — — 20.4
0.415 0.100 0.180 0.175 5079 GETS 0.180 0.005 594.7 0.175 — — 22.7 3.824 2.260 2.300 2.260 2852 CMSB 2.280 -0.010 159.7 2.279 11.43 3.25 2,449.6
0.165 0.105 0.135 0.125 0136 GREENYB 0.135 0.010 177.3 0.130 9.85 — 45.1 0.545 0.365 — — 7986 CNASIA 0.465 — — — 31.21 — 23.2
4.013 2.110 2.490 2.420 7668 HAIO 2.470 0.020 204.3 2.473 15.03 5.26 741.7 1.370 0.735 0.945 0.940 5071 COASTAL 0.940 -0.010 28.9 0.942 34.18 — 500.0
3.780 3.227 — — 5008 HARISON 3.620 — — — 10.60 5.52 247.9 0.180 0.045 0.075 0.060 7195 COMCORP 0.060 -0.005 6.1 0.061 — — 8.4
0.135 0.055 — — 5187 HBGLOB 0.085 — — — 2.56 — 39.8 1.040 0.741 0.795 0.790 2127 COMFORT 0.795 UNCH 12.1 0.791 15.41 1.89 463.4
25.200 17.019 24.300 24.020 3255 HEIM 24.100 UNCH 18.4 24.10 24.48 3.98 7,280.6 0.030 0.015 0.020 0.020 5037 COMPUGT 0.020 UNCH 8731.9 0.020 — — 49.0
11.600 8.153 10.600 10.420 3301 HLIND 10.500 -0.100 5.9 10.45 10.08 3.81 3,443.0 1.194 0.939 1.010 1.010 5094 CSCSTEL 1.010 0.010 7 1.010 20.57 3.96 383.8
0.727 0.545 0.660 0.635 5160 HOMERIZ 0.660 0.030 888.3 0.653 8.27 5.30 198.0 0.630 0.350 — — 7157 CYL 0.355 — — — — 11.27 35.5
1.048 0.890 0.935 0.920 5024 HUPSENG 0.920 -0.010 242.9 0.932 17.49 6.52 736.0 0.400 0.280 0.300 0.300 5082 CYMAO 0.300 0.020 2 0.300 — — 22.5
0.375 0.240 — — 8478 HWATAI 0.255 — — — — — 19.1 1.736 1.250 1.320 1.320 5184 CYPARK 1.320 -0.010 51.2 1.320 7.54 2.95 617.0
0.490 0.180 0.320 0.305 9113 ICONIC 0.310 -0.010 5156.1 0.311 — — 100.4 2.370 1.550 1.710 1.700 8125 DAIBOCI 1.710 0.020 59.7 1.702 44.76 1.96 560.7
0.080 0.020 0.030 0.025 7243 IMPIANA 0.030 UNCH 1411.6 0.030 — — 167.9 0.655 0.361 0.505 0.495 5276 DANCO 0.500 -0.005 99 0.500 9.43 3.50 152.0
1.510 0.770 0.790 0.790 5107 IQGROUP 0.790 0.005 1 0.790 — — 69.5 0.355 0.120 0.215 0.205 7212 DESTINI 0.210 UNCH 2487.7 0.208 — — 242.6
0.070 0.030 0.050 0.045 7223 JADI 0.050 0.005 100.5 0.045 10.00 — 51.8 0.755 0.325 0.380 0.380 7114 DNONCE 0.380 0.010 2.1 0.380 — — 99.3
1.100 0.770 0.960 0.940 7152 JAYCORP 0.950 0.015 407.9 0.949 6.50 3.16 130.4 0.280 0.080 0.170 0.165 5835 DOLMITE 0.165 -0.015 525 0.168 — — 47.0
0.420 0.325 0.335 0.325 8931 JERASIA 0.325 -0.025 10.6 0.325 11.78 3.08 26.7 0.170 0.070 0.105 0.095 5265 DOLPHIN 0.100 -0.005 1011.1 0.102 — — 24.4
1.577 0.800 1.410 1.390 7167 JOHOTIN 1.410 0.020 254.7 1.399 9.51 4.61 437.8 1.326 1.181 — — 7169 DOMINAN 1.260 — — — 9.12 5.56 208.2
0.380 0.260 — — 8672 KAMDAR 0.280 — — — 254.5 — 55.4 2.620 1.823 2.620 2.530 7233 DUFU 2.610 0.090 3938.3 2.585 14.24 1.38 687.0
0.798 0.375 0.455 0.445 5247 KAREX 0.450 UNCH 2728.1 0.452 173.0 1.11 451.1 2.000 0.485 0.550 0.545 7165 DWL 0.545 UNCH 129.4 0.545 — — 126.9
2.250 1.180 1.300 1.260 7216 KAWAN 1.280 -0.010 56.7 1.272 27.06 1.95 460.2 0.380 0.075 0.080 0.080 5178 DYNACIA 0.080 UNCH 219 0.080 — — 38.4
0.225 0.080 — — 8303 KFM 0.165 — — — — — 11.3 3.500 2.235 3.380 3.350 1368 EDGENTA 3.370 -0.010 17.4 3.357 18.38 4.15 2,802.6
0.656 0.165 0.310 0.300 6203 KHEESAN 0.305 -0.005 1563.2 0.303 6.84 3.28 34.9 0.260 0.165 0.175 0.170 0064 EFFICEN 0.170 UNCH 37 0.170 — — 120.6
1.880 1.400 — — 7062 KHIND 1.630 — — — 34.53 — 65.3 0.565 0.355 0.405 0.395 8907 EG 0.395 UNCH 171.2 0.402 8.23 — 108.6
1.940 1.566 1.820 1.810 0002 KOTRA 1.820 0.020 5 1.814 11.30 3.30 262.2 1.565 1.158 1.380 1.360 5208 EITA 1.360 -0.020 23 1.370 8.49 4.41 176.8
0.980 0.295 0.925 0.885 7130 KPOWER 0.915 0.035 232 0.912 435.7 — 69.7 0.990 0.710 — — 9016 EKSONS 0.765 — — — — 6.54 125.6
0.140 0.055 — — 5172 KSTAR 0.100 — — — — — 42.6 0.565 0.345 0.360 0.345 7217 EMETALL 0.360 0.015 15 0.348 100.0 — 67.8
0.195 0.050 0.085 0.080 4847 KTB 0.085 UNCH 14 0.084 — — 34.2 0.996 0.580 0.600 0.590 5056 ENGTEX 0.595 -0.015 753.6 0.596 — 1.26 263.8
0.660 0.410 0.500 0.490 1643 LANDMRK 0.490 -0.010 112 0.496 — — 259.2 0.470 0.315 0.370 0.370 7773 EPMB 0.370 0.010 0.1 0.370 — — 61.4
4.065 2.850 3.000 2.960 7006 LATITUD 2.990 0.030 9 2.978 15.04 1.00 290.7 0.580 0.245 0.275 0.260 5101 EVERGRN 0.270 -0.005 1003.7 0.266 — 1.78 228.5
0.708 0.325 0.420 0.415 9385 LAYHONG 0.420 UNCH 1473.7 0.420 32.06 1.19 277.3 1.330 1.050 1.240 1.240 2984 FACBIND 1.240 UNCH 38.3 1.240 93.94 — 105.6
1.051 0.630 0.700 0.685 8079 LEESK 0.700 UNCH 21.2 0.692 11.48 3.57 117.5 2.850 2.091 2.710 2.700 7229 FAVCO 2.700 -0.010 26.6 2.708 7.31 5.00 602.3
1.161 0.702 0.815 0.805 6633 LHI 0.805 -0.010 708.2 0.811 14.22 — 2,938.3 0.320 0.305 — — 0302 FBBHD 0.320 — — — 26.67 — 69.1
3.140 2.438 3.140 2.970 7089 LIIHEN 3.130 0.170 635.7 3.055 7.87 4.95 563.4 0.580 0.330 — — 0149 FIBON 0.440 — — — 15.22 1.70 43.1
0.630 0.100 0.110 0.105 7126 LONBISC 0.105 -0.005 2621.4 0.107 33.87 — 30.5 1.886 1.630 — — 3107 FIMACOR 1.780 — — — 7.74 7.02 436.6
1.389 0.774 1.350 1.350 7085 LTKM 1.350 UNCH 37.6 1.350 7.52 1.48 175.6 0.560 0.365 0.395 0.385 9318 FITTERS 0.395 0.005 1296.7 0.388 10.51 — 189.8
6.500 3.767 6.500 6.170 7087 MAGNI 6.400 0.230 331.7 6.396 9.37 2.19 1,041.5 1.810 1.000 1.070 1.050 5197 FLBHD 1.070 0.020 52.9 1.060 6.64 13.55 114.2
2.880 1.659 2.880 2.840 3859 MAGNUM 2.840 -0.020 509.2 2.857 29.55 5.99 4,083.2 0.420 0.199 0.415 0.395 5277 FPGROUP 0.415 0.010 8972.6 0.405 18.20 2.41 215.9
0.140 0.110 0.115 0.115 3514 MARCO 0.115 UNCH 130 0.115 8.71 2.61 121.2 1.100 0.415 0.500 0.440 7197 GESHEN 0.500 0.070 6 0.449 — — 40.0
0.015 0.005 — — 5189 MAXWELL 0.010 — — — — — 4.0 0.545 0.350 0.375 0.365 5220 GLOTEC 0.375 UNCH 114.3 0.372 — — 100.9
1.270 0.748 — — 5886 MBG 1.250 — — — 74.85 1.20 76.0 0.285 0.145 0.175 0.160 7192 GOODWAY 0.175 0.015 30.2 0.160 — — 21.3
4.470 1.774 4.170 4.130 5983 MBMR 4.140 -0.010 632.1 4.147 7.01 3.62 1,618.3 0.145 0.080 — — 7096 GPA 0.115 — — — — — 112.8
0.430 0.185 0.415 0.390 7234 MESB 0.410 0.005 637.9 0.404 7.78 — 33.6 0.259 0.160 — — 5649 GPHAROS 0.195 — — — 92.86 6.51 26.7
0.235 0.177 — — 0301 MFGROUP 0.235 — — — 391.6 — 75.2 0.613 0.400 0.470 0.470 3247 GUH 0.470 UNCH 14.1 0.470 61.84 — 130.6
0.877 0.435 0.600 0.580 3662 MFLOUR 0.585 0.010 2970.6 0.586 13.48 3.76 587.0 10.180 8.946 9.880 9.790 3034 HAPSENG 9.820 -0.080 105 9.818 38.51 3.56 24,448.7
0.820 0.600 — — 7935 MILUX 0.800 — — — — — 43.5 6.722 4.503 5.290 5.200 5168 HARTA 5.290 0.020 1318.4 5.255 41.52 1.55 17,774.4
0.120 0.035 0.090 0.085 5166 MINDA 0.085 UNCH 945.3 0.087 — — 105.4 7.060 4.290 4.860 4.780 4324 HENGYUAN 4.860 0.050 330.3 4.824 — — 1,458.0
3.640 1.100 1.180 1.130 5202 MSM 1.140 -0.010 1036.3 1.151 62.64 — 801.4 0.864 0.501 0.535 0.520 5095 HEVEA 0.520 -0.015 680.5 0.524 21.76 9.23 292.4
0.025 0.005 0.010 0.010 5150 MSPORTS 0.010 UNCH 1050 0.010 — — 6.1 1.050 0.650 — — 5151 HEXTAR 0.730 — — — — — 599.1
0.255 0.145 0.195 0.190 3891 MUIIND 0.195 UNCH 333.1 0.195 — — 571.8 0.806 0.637 0.720 0.715 3298 HEXZA 0.715 UNCH 6.3 0.718 17.88 6.99 143.3
2.650 1.620 2.030 2.000 3905 MULPHA 2.000 UNCH 17.1 2.020 — — 639.2 0.440 0.190 0.195 0.195 5072 HIAPTEK 0.195 UNCH 85.5 0.195 — 2.56 262.1
1.519 1.311 1.360 1.360 5275 MYNEWS 1.360 -0.020 39.8 1.360 31.41 1.10 927.7 1.360 0.760 0.990 0.975 5199 HIBISCS 0.985 -0.010 10166 0.984 6.80 — 1,564.4
148.98 140.07 146.10 145.40 4707 NESTLE 145.800 -0.700 51 145.86 52.32 1.92 34,190 1.655 1.030 1.050 1.050 7033 HIGHTEC 1.050 0.020 0.8 1.050 10.79 1.90 42.6
2.979 2.437 — — 7060 NHFATT 2.740 — — — 14.49 3.65 226.5 0.654 0.447 0.505 0.505 8443 HIL 0.505 -0.015 20 0.505 11.88 3.47 168.7
0.065 0.020 0.055 0.050 7139 NICE 0.055 UNCH 11 0.055 — — 38.6 0.810 0.400 0.550 0.550 5165 HOKHENG 0.550 UNCH 4.2 0.550 — — 48.4
0.267 0.145 0.160 0.155 7215 NIHSIN 0.155 UNCH 828.3 0.155 — — 49.8 0.572 0.316 0.360 0.350 5291 HPMT 0.350 -0.010 176 0.350 — — 115.0
0.583 0.385 0.430 0.405 5066 NTPM 0.425 0.005 435.5 0.423 55.19 3.76 477.4 1.290 0.735 0.775 0.735 0185 HSSEB 0.745 -0.030 1855.3 0.750 — — 369.4
0.580 0.300 0.430 0.420 5533 OCB 0.425 -0.040 19.4 0.426 — — 43.7 0.300 0.130 0.145 0.135 2739 HUAAN 0.140 0.005 5243.7 0.137 15.91 — 157.1
0.567 0.395 0.420 0.410 0049 OCNCASH 0.420 UNCH 31 0.413 17.80 2.17 103.0 1.690 0.456 1.100 1.090 5000 HUMEIND 1.100 0.010 149.9 1.091 — — 543.0
0.888 0.623 0.670 0.670 7107 OFI 0.670 0.005 105 0.670 12.34 2.99 160.8 0.135 0.075 0.080 0.075 9601 HWGB 0.080 UNCH 69.9 0.075 — — 28.6
0.135 0.090 — — 3018 OLYMPIA 0.105 — — — 15.22 — 107.5 2.330 1.850 2.220 2.200 7222 IMASPRO 2.220 UNCH 493.7 2.208 296.0 1.58 177.6
6.670 5.528 6.500 6.490 4006 ORIENT 6.500 UNCH 12.4 6.498 10.10 3.08 4,032.6 0.680 0.380 — — 5673 IPMUDA 0.390 — — — — — 28.3
1.028 0.460 0.560 0.540 5260 OWG 0.545 -0.015 414.8 0.545 — — 155.4 0.160 0.075 0.100 0.095 7183 IRETEX 0.100 UNCH 18.1 0.099 1.37 — 18.5
5.765 3.066 3.780 3.650 7052 PADINI 3.780 0.080 50.8 3.734 15.52 2.65 2,486.9 1.250 0.950 — — 7043 JADEM 1.120 — — — — — 142.0
39.072 35.184 37.900 37.820 3719 PANAMY 37.820 0.040 4.7 37.86 21.25 5.98 2,297.4 0.125 0.100 — — 8648 JASKITA 0.105 — — — — — 47.2
0.460 0.291 0.340 0.340 5022 PAOS 0.340 UNCH 10 0.340 82.93 4.71 61.6 1.635 1.304 — — 0058 JCBNEXT 1.450 — — — 16.88 2.76 199.8
0.350 0.230 — — 9407 PARAGON 0.310 — — — — — 21.7 0.220 0.120 — — 9083 JETSON 0.145 — — — — — 30.7
0.445 0.195 0.215 0.210 5657 PARKSON 0.210 -0.005 661.6 0.210 — — 229.7 0.190 0.115 — — 0054 KARYON 0.125 — — — 14.71 3.60 59.5
0.635 0.185 0.430 0.420 6068 PCCS 0.420 -0.010 2097.7 0.422 5.65 2.38 88.2 0.630 0.480 — — 7199 KEINHIN 0.500 — — — 15.38 2.00 54.4
0.565 0.285 0.360 0.355 5231 PELIKAN 0.360 -0.010 20 0.358 25.00 — 218.9 1.707 1.337 1.640 1.610 6491 KFIMA 1.640 0.030 16.3 1.613 7.75 5.49 462.9
0.590 0.340 0.395 0.395 9997 PENSONI 0.395 UNCH 9.6 0.395 91.86 — 51.2 1.410 0.877 1.330 1.300 0151 KGB 1.320 UNCH 446.4 1.311 17.74 1.36 411.1
0.685 0.220 0.655 0.650 7080 PERMAJU 0.655 0.005 3327.3 0.655 — — 128.3 0.300 0.130 0.220 0.210 6211 KIALIM 0.215 -0.005 63 0.218 — — 13.3
27.850 21.069 23.500 23.360 5681 PETDAG 23.460 UNCH 259.2 23.45 29.85 2.98 23,306 1.360 1.080 1.150 1.100 5371 KIMHIN 1.150 0.020 19 1.113 — 4.35 179.0
0.170 0.130 0.130 0.130 4081 PMCORP 0.130 UNCH 6 0.130 — — 100.5 0.010 0.005 — — 5060 KINSTEL 0.005 — — — — — 5.2
0.120 0.035 0.055 0.055 1287 PMHLDG 0.055 -0.010 43.7 0.055 — — 51.1 1.520 0.775 1.410 1.410 9466 KKB 1.410 0.020 41.2 1.410 15.63 2.84 363.5
0.555 0.431 0.525 0.520 5080 POHKONG 0.520 0.005 28.2 0.520 8.81 1.92 213.4 0.440 0.070 0.420 0.400 7164 KNM 0.415 0.020 83542 0.411 — — 1,081.2
1.597 1.250 1.590 1.550 7088 POHUAT 1.560 0.020 484.5 1.563 6.25 2.56 376.1 0.800 0.350 — — 5035 KNUSFOR 0.590 — — — — — 58.8
19.516 16.607 18.260 18.060 4065 PPB 18.220 UNCH 737.7 18.20 26.19 1.54 25,919 1.730 1.180 1.570 1.560 6971 KOBAY 1.560 -0.010 102.9 1.569 8.54 — 159.3
0.434 0.326 — — 7190 PPG 0.340 — — — 52.31 1.47 34.0 0.390 0.120 0.370 0.340 7017 KOMARK 0.340 -0.020 41083 0.355 — — 58.8
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 6 Markets FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

BURSA MAL AYSIA MAIN MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
4.529 3.543 4.210 4.160 7153 KOSSAN 4.190 UNCH 834.7 4.187 23.59 1.43 5,358.7 6.722 4.503 5.290 5.200 5168 HARTA 5.290 0.020 1318.4 5.255 41.52 1.55 17,774.4
1.269 0.700 0.725 0.715 5843 KPS 0.715 -0.010 128.4 0.721 — 5.94 384.2 5.950 4.517 5.790 5.640 5225 IHH 5.650 -0.100 1651.5 5.671 82.00 0.53 49,573.0
0.565 0.470 0.480 0.480 9121 KPSCB 0.480 -0.010 15 0.480 9.39 — 71.0 4.529 3.543 4.210 4.160 7153 KOSSAN 4.190 UNCH 834.7 4.187 23.59 1.43 5,358.7
4.937 3.854 4.540 4.540 3476 KSENG 4.540 UNCH 9 4.540 21.65 2.20 1,641.1 1.940 1.566 1.820 1.810 0002 KOTRA 1.820 0.020 5 1.814 11.30 3.30 262.2
0.590 0.281 0.460 0.460 5192 KSSC 0.460 -0.005 5 0.460 — 1.09 44.2 1.119 0.870 0.905 0.895 5878 KPJ 0.900 UNCH 4678.3 0.900 21.53 2.22 3,995.0
0.530 0.225 0.345 0.340 6874 KUB 0.340 -0.005 204.8 0.341 — 2.94 189.2 2.947 1.931 2.480 2.420 7081 PHARMA 2.460 0.030 132.4 2.435 13.24 6.30 642.6
0.430 0.220 0.270 0.255 8362 KYM 0.270 UNCH 1.6 0.256 15.25 — 40.5 0.135 0.075 0.080 0.080 0302 SMILE 0.080 -0.010 710 0.080 27.59 1.50 76.0
4.570 1.800 3.350 3.310 3794 LAFMSIA 3.310 -0.090 53.7 3.324 — — 2,812.5 2.005 1.400 1.610 1.580 7106 SUPERMX 1.580 -0.020 3332.7 1.587 16.74 2.30 2,149.3
0.615 0.440 0.480 0.480 9326 LBALUM 0.480 -0.020 15 0.480 9.82 3.13 119.3 0.825 0.665 0.675 0.670 0101 TMCLIFE 0.670 -0.010 71 0.671 35.45 0.27 1,167.1
4.852 2.460 2.780 2.740 5284 LCTITAN 2.740 -0.040 387.2 2.754 16.18 6.20 6,323.3 6.246 4.265 4.790 4.710 7113 TOPGLOV 4.740 -0.040 2390 4.732 31.29 1.79 12,137.2
0.609 0.387 — — 5232 LEONFB 0.480 — — — 7.80 3.13 148.8 0.500 0.230 — — 0301 TOPVISN 0.500 — — — 49.02 — 127.8
0.250 0.100 — — 8745 LEWEKO 0.195 — — — — — 62.8 3.272 2.210 2.300 2.290 7178 YSPSAH 2.290 -0.010 35 2.296 12.97 3.06 319.6
0.160 0.085 0.120 0.110 7170 LFECORP 0.110 -0.025 5.4 0.111 — — 22.5 FINANCIAL SERVICES
0.775 0.375 0.400 0.400 8486 LIONFIB 0.400 UNCH 47.5 0.400 10.05 — 92.6 4.248 2.900 3.070 3.030 2488 ABMB 3.050 0.010 2107.3 3.047 9.86 5.48 4,721.7
1.050 0.375 0.405 0.395 4235 LIONIND 0.395 -0.005 1944.1 0.399 — — 283.6 17.114 14.393 15.200 15.140 5139 AEONCR 15.180 -0.020 7.9 15.17 75.52 2.94 3,808.6
0.420 0.250 — — 9881 LSTEEL 0.290 — — — — — 37.1 2.397 1.930 1.990 1.980 5185 AFFIN 1.980 -0.010 23.9 1.983 6.68 2.53 3,932.3
0.100 0.065 0.070 0.070 5068 LUSTER 0.070 UNCH 164 0.070 11.86 — 138.3 14.980 11.361 14.380 14.300 1163 ALLIANZ 14.300 UNCH 1.1 14.33 7.54 2.80 2,527.8
0.614 0.476 0.485 0.480 5143 LUXCHEM 0.480 -0.005 97 0.480 10.93 4.69 429.3 4.482 3.533 4.130 4.070 1015 AMBANK 4.130 0.020 746.5 4.102 8.02 4.84 12,448.6
2.823 2.191 — — 9199 LYSAGHT 2.400 — — — 11.57 2.92 99.8 1.215 0.780 — — 5088 APEX 0.780 — — — 15.57 — 166.6
0.660 0.340 0.405 0.395 5098 MASTEEL 0.400 -0.005 499.6 0.401 — — 170.9 4.750 3.252 4.010 3.940 5258 BIMB 3.990 0.030 1066.8 3.998 9.08 3.88 7,039.5
1.480 0.560 1.460 1.430 7029 MASTER 1.450 -0.010 831.8 1.441 8.21 2.41 79.2 7.586 5.817 6.150 6.050 1818 BURSA 6.050 -0.060 1773.8 6.077 25.10 3.64 4,891.4
1.400 0.873 1.240 1.230 5152 MBL 1.240 0.010 12.2 1.232 7.26 3.63 132.3 5.943 4.940 5.040 5.000 1023 CIMB 5.040 0.030 5519.3 5.022 9.63 4.96 49,026.2
0.790 0.435 0.570 0.570 7004 MCEHLDG 0.570 -0.070 10 0.570 — — 25.3 0.345 0.235 — — 2143 ECM 0.265 — — — — — 127.2
0.190 0.090 0.125 0.125 3778 MELEWAR 0.125 UNCH 50 0.125 1.50 — 44.9 1.700 1.088 1.650 1.650 5228 ELKDESA 1.650 UNCH 104.2 1.650 14.27 4.24 490.1
0.700 0.435 — — 5223 MENTIGA 0.560 — — — — — 39.2 21.497 16.200 16.620 16.300 5819 HLBANK 16.460 -0.040 387 16.45 12.63 2.92 35,680.6
1.738 1.487 — — 6149 METROD 1.500 — — — 25.95 4.00 180.0 10.100 7.327 — — 5274 HLCAP 9.600 — — — 34.04 1.98 2,370.2
0.425 0.220 0.295 0.275 5001 MIECO 0.275 -0.020 2090 0.279 — — 144.4 19.819 16.000 16.440 16.260 1082 HLFG 16.260 -0.160 103.4 16.34 9.69 2.58 18,658.6
0.070 0.045 0.050 0.050 7219 MINETEC 0.050 -0.005 650 0.050 — — 46.1 0.900 0.645 0.815 0.805 3379 INSAS 0.805 -0.010 114.3 0.810 6.52 2.48 558.1
0.424 0.245 0.255 0.245 5576 MINHO 0.255 0.005 32.2 0.250 9.41 — 86.8 0.130 0.070 0.080 0.080 3441 JOHAN 0.080 UNCH 3 0.080 — — 49.8
0.998 0.785 0.820 0.820 5916 MSC 0.820 0.005 50 0.820 7.52 2.44 328.0 0.720 0.486 0.500 0.495 6483 KENANGA 0.500 0.005 30.7 0.500 52.63 2.20 361.4
0.105 0.050 0.055 0.050 0043 MTRONIC 0.055 UNCH 5285 0.055 — — 62.3 2.150 1.540 1.840 1.810 2186 KUCHAI 1.840 0.040 25 1.822 101.66 0.54 227.7
2.147 1.457 1.620 1.590 3883 MUDA 1.590 UNCH 131.3 1.594 6.38 2.83 485.0 16.422 14.641 15.820 15.700 8621 LPI 15.800 -0.020 13.4 15.76 19.44 4.37 6,294.4
0.450 0.225 — — 5087 MYCRON 0.260 — — — — — 85.0 1.003 0.375 0.820 0.820 1198 MAA 0.820 -0.020 17 0.820 — 10.98 224.3
0.640 0.345 0.400 0.390 7241 NGGB 0.395 UNCH 859.1 0.392 — — 198.0 2.850 2.244 2.700 2.700 1058 MANULFE 2.700 -0.020 0.2 2.700 17.51 2.59 546.4
0.145 0.060 0.080 0.075 5025 NWP 0.080 UNCH 365 0.076 — — 34.2 9.197 8.261 8.720 8.640 1155 MAYBANK 8.640 -0.060 6754.4 8.676 11.87 6.60 97,125.4
0.709 0.555 0.605 0.590 4944 NYLEX 0.600 UNCH 122.5 0.602 — 3.33 116.6 1.025 0.820 0.860 0.850 1171 MBSB 0.850 UNCH 400.1 0.853 12.46 5.88 5,706.4
0.789 0.539 0.625 0.620 7140 OKA 0.625 -0.005 113 0.623 13.86 5.92 153.4 1.290 0.845 1.120 1.090 6459 MNRB 1.100 -0.010 231.3 1.097 7.62 — 843.8
1.171 0.858 0.935 0.935 5065 ORNA 0.935 -0.005 13 0.935 7.38 2.67 70.4 1.250 0.985 1.090 1.050 5237 MPHBCAP 1.060 -0.010 36.9 1.064 21.46 — 757.9
0.075 0.045 0.060 0.055 7225 PA 0.060 UNCH 2100.8 0.055 24.00 — 112.2 0.989 0.937 0.975 0.970 6009 P&O 0.975 UNCH 31.3 0.972 — 6.41 279.8
0.592 0.421 0.475 0.470 8419 PANSAR 0.475 0.005 1703.1 0.475 37.11 2.11 219.5 24.467 20.000 20.180 20.140 1295 PBBANK 20.160 UNCH 2629.5 20.16 14.16 3.47 78,263.9
0.597 0.395 0.495 0.490 5125 PANTECH 0.495 0.005 736.7 0.490 8.33 4.00 371.6 1.667 1.304 1.580 1.570 9296 RCECAP 1.580 UNCH 43.9 1.570 5.59 5.70 582.8
9.845 6.750 7.720 7.650 5183 PCHEM 7.700 0.010 4725 7.691 13.74 3.77 61,600.0 5.833 4.824 5.640 5.580 1066 RHBBANK 5.600 -0.020 3240.4 5.609 9.41 4.55 22,456.3
1.300 0.651 1.110 1.110 5271 PECCA 1.110 -0.010 96.4 1.110 12.27 4.95 208.7 0.665 0.537 0.645 0.645 4898 TA 0.645 UNCH 76 0.645 — 6.36 1,104.2
4.879 4.175 4.510 4.500 5436 PERSTIM 4.500 UNCH 29 4.500 11.03 6.67 446.9 7.180 3.348 5.940 5.860 6139 TAKAFUL 5.940 0.080 2928 5.923 13.92 2.53 4,911.1
1.570 0.950 1.250 1.180 5219 PESTECH 1.230 UNCH 1668.9 1.209 11.73 — 940.1 0.765 0.502 0.610 0.595 5230 TUNEPRO 0.600 -0.005 1310.1 0.601 9.17 5.00 451.1
19.386 14.596 16.600 16.380 6033 PETGAS 16.540 0.080 715.4 16.51 17.82 4.35 32,728.2 PROPERTY
8.395 5.190 5.600 5.510 3042 PETRONM 5.540 -0.080 47.2 5.548 8.61 3.61 1,495.8 0.300 0.225 — — 7131 ACME 0.245 — — — 6.11 — 58.5
1.200 0.925 — — 3611 PGLOBE 1.080 — — — 192.8 — 201.6 0.644 0.464 0.500 0.490 1007 AMPROP 0.500 0.020 32.4 0.492 12.89 6.00 305.1
0.160 0.090 0.125 0.120 7201 PICORP 0.120 UNCH 139.6 0.120 66.67 4.17 79.0 0.335 0.220 — — 1007PA AMPROP-PA 0.260 — — — — 7.69 74.6
1.703 1.070 1.220 1.160 7095 PIE 1.180 0.030 747.7 1.190 12.02 2.03 453.2 1.280 0.870 1.060 1.060 5959 AMVERTON 1.060 UNCH 11 1.060 5.49 — 387.0
0.325 0.100 — — 7163 PJBUMI 0.210 — — — 16.41 — 17.2 0.650 0.270 — — 7007 ARK 0.270 — — — — — 13.1
4.254 3.040 3.220 3.200 7172 PMBTECH 3.220 0.050 10.2 3.218 54.30 0.62 674.9 0.170 0.110 0.120 0.120 4057 ASIAPAC 0.120 -0.005 125 0.120 3.56 — 124.5
5.111 3.958 4.940 4.890 8869 PMETAL 4.930 0.030 2636.3 4.915 37.07 1.22 19,907.9 5.144 4.020 4.200 4.090 2305 AYER 4.200 0.020 3 4.161 20.52 1.19 314.4
0.570 0.450 0.550 0.535 6637 PNEPCB 0.540 -0.005 5759.2 0.543 — — 71.0 0.390 0.220 0.270 0.265 6602 BCB 0.270 UNCH 40 0.268 2.76 — 111.4
0.490 0.260 — — 8117 POLY 0.390 — — — 12.38 — 62.4 0.585 0.285 0.345 0.345 6173 BDB 0.345 UNCH 0.5 0.345 — — 104.8
0.675 0.390 0.655 0.640 8273 PPHB 0.645 -0.005 82 0.648 5.91 — 121.7 0.300 0.110 — — 9814 BERTAM 0.170 — — — — — 35.1
0.778 0.410 0.450 0.425 9873 PRESTAR 0.425 -0.015 55.6 0.444 — 3.53 87.1 0.340 0.245 0.305 0.290 3239 BJASSET 0.305 UNCH 50 0.303 — — 780.2
0.080 0.035 0.050 0.045 7123 PWORTH 0.045 -0.005 4611 0.045 — — 184.3 1.580 1.090 — — 5738 CHHB 1.250 — — — 3.81 — 344.6
0.850 0.710 — — 7544 QUALITY 0.750 — — — — — 43.5 1.405 1.150 — — 6718 CRESNDO 1.200 — — — 8.33 5.00 336.6
0.350 0.190 — — 7498 RALCO 0.225 — — — — — 10.4 1.590 1.108 — — 5049 CVIEW 1.250 — — — 1.64 4.00 125.0
0.520 0.165 0.200 0.190 5256 REACH 0.195 UNCH 2112.9 0.195 — — 213.8 0.565 0.220 0.405 0.400 3484 DBHD 0.405 UNCH 144.2 0.402 5.56 — 128.9
0.350 0.241 0.350 0.325 7232 RESINTC 0.340 -0.005 205.4 0.342 11.18 7.35 46.6 0.095 0.050 0.060 0.055 7198 DPS 0.060 UNCH 57.1 0.057 — — 35.3
0.245 0.145 0.155 0.155 9954 RGTBHD 0.155 0.005 50 0.155 14.76 — 89.4 1.327 0.730 0.745 0.730 3417 E&O 0.730 -0.015 559.5 0.738 18.96 4.11 1,063.6
1.100 0.491 0.535 0.525 9741 ROHAS 0.525 -0.010 163.8 0.530 15.91 4.76 248.1 0.335 0.285 0.335 0.320 3557 ECOFIRS 0.335 0.010 427 0.334 11.28 — 270.8
0.584 0.412 0.505 0.495 7803 RUBEREX 0.500 0.005 66.6 0.501 19.76 4.00 126.1 1.280 0.625 0.650 0.630 8206 ECOWLD 0.645 UNCH 7643.2 0.639 10.63 — 1,899.1
3.925 3.531 3.580 3.580 5134 SAB 3.580 UNCH 1 3.580 25.00 1.40 490.2 0.500 0.270 — — 6076 ENCORP 0.320 — — — — — 98.1
8.640 6.949 8.090 8.050 9822 SAM 8.050 UNCH 25.4 8.050 13.75 2.17 1,088.1 1.998 0.882 1.210 1.110 8613 ENRA 1.210 0.010 139.7 1.165 — 2.48 164.8
0.921 0.550 0.595 0.580 5147 SAMCHEM 0.580 -0.005 234.8 0.586 7.73 5.17 157.8 0.785 0.550 — — 6815 EUPE 0.615 — — — 2.34 — 78.7
0.836 0.654 0.710 0.700 7811 SAPIND 0.700 UNCH 22 0.706 10.92 7.14 50.9 0.735 0.491 0.655 0.630 7249 EWEIN 0.645 0.015 974.1 0.647 4.25 0.78 194.5
0.510 0.205 0.265 0.260 5170 SCABLE 0.265 UNCH 43.6 0.264 — — 84.0 1.110 0.600 0.640 0.630 5283 EWINT 0.635 UNCH 531.5 0.635 16.67 — 1,524.0
1.500 0.760 0.990 0.965 7247 SCGM 0.990 0.025 101.6 0.975 — 1.52 191.7 0.400 0.325 0.340 0.330 6041 FARLIM 0.340 0.005 57 0.338 — — 57.3
1.270 0.300 1.100 1.090 9237 SCIB 1.100 0.010 344 1.100 — — 94.5 0.414 0.345 0.375 0.360 5020 GLOMAC 0.370 0.005 23.8 0.370 16.89 2.16 296.0
1.771 0.733 0.935 0.905 0099 SCICOM 0.930 0.020 3212.7 0.919 16.34 5.91 330.6 0.370 0.240 — — 9962 GMUTUAL 0.260 — — — 16.56 1.92 97.7
9.269 7.998 8.410 8.350 4731 SCIENTX 8.370 0.010 33.6 8.382 14.32 2.39 4,312.7 0.230 0.155 0.180 0.170 1147 GOB 0.180 0.005 125.1 0.180 — — 81.8
0.240 0.105 — — 7239 SCNWOLF 0.150 — — — — — 14.4 0.225 0.135 0.180 0.175 7077 GSB 0.175 -0.005 165.7 0.175 159.09 — 96.7
0.405 0.155 0.185 0.175 7073 SEACERA 0.180 UNCH 4692.1 0.180 — — 85.4 0.829 0.645 0.695 0.670 1503 GUOCO 0.690 -0.010 20.1 0.690 — 2.90 483.3
0.375 0.090 0.375 0.365 5145 SEALINK 0.365 -0.005 2655.8 0.372 — — 182.5 1.300 1.200 1.260 1.230 7105 HCK 1.260 0.010 218 1.253 48.28 — 532.9
0.520 0.180 0.500 0.500 5163 SEB 0.500 UNCH 61.3 0.500 — — 40.0 0.725 0.520 — — 7010 HOOVER 0.585 — — — — — 23.4
0.995 0.746 — — 5181 SIGGAS 0.950 — — — 84.82 0.53 178.1 0.465 0.300 0.340 0.330 5062 HUAYANG 0.340 0.005 130.1 0.331 — — 119.7
0.690 0.410 — — 7115 SKBSHUT 0.500 — — — 6.30 — 20.0 0.485 0.300 0.305 0.305 4251 IBHD 0.305 0.005 138.8 0.305 11.09 5.74 309.4
1.440 0.945 1.050 1.040 7155 SKPRES 1.040 -0.020 1252.3 1.047 14.55 3.69 1,300.2 0.734 0.147 — — 5084 IBRACO 0.590 — — — 9.05 3.81 292.9
1.420 0.809 — — 7248 SLP 1.410 — — — 17.67 3.90 446.9 1.760 0.990 1.490 1.480 9687 IDEAL 1.480 -0.020 85.1 1.482 4.55 0.68 686.1
0.530 0.330 0.360 0.360 7132 SMISCOR 0.360 UNCH 1 0.360 — — 16.1 2.868 2.176 2.700 2.700 5606 IGBB 2.700 UNCH 20.6 2.700 7.60 0.37 1,862.5
1.460 0.720 0.960 0.940 5665 SSTEEL 0.950 UNCH 102.8 0.952 — 3.68 412.0 1.685 1.081 1.160 1.140 5249 IOIPG 1.150 -0.010 1548.8 1.150 9.58 2.61 6,332.1
0.850 0.400 0.450 0.410 6904 SUBUR 0.440 -0.015 24.1 0.420 — — 92.0 0.290 0.175 0.185 0.185 5175 IVORY 0.185 -0.005 10 0.185 205.56 13.51 90.7
1.120 0.520 0.995 0.965 7207 SUCCESS 0.985 -0.010 592.8 0.980 15.34 1.02 245.3 1.320 0.365 0.905 0.880 1589 IWCITY 0.885 -0.015 9798 0.892 — — 741.1
1.720 1.318 1.650 1.630 5211 SUNWAY 1.650 0.010 3017.2 1.642 11.69 3.02 8,141.0 0.360 0.250 0.300 0.300 8923 JIANKUN 0.300 UNCH 10 0.300 24.79 — 50.1
1.370 0.740 0.830 0.820 7235 SUPERLN 0.825 -0.005 164.7 0.824 12.75 2.79 132.0 0.090 0.070 — — 6769 JKGLAND 0.070 — — — 63.64 1.43 159.2
2.005 1.400 1.610 1.580 7106 SUPERMX 1.580 -0.020 3332.7 1.587 16.74 2.30 2,149.3 0.125 0.075 0.085 0.085 3115 KBUNAI 0.085 UNCH 109.7 0.085 94.44 — 491.0
0.360 0.180 0.260 0.250 5149 TAS 0.260 0.005 21 0.251 11.45 — 46.8 0.840 0.537 — — 7323 KEN 0.600 — — — — 2.50 115.0
6.800 4.050 — — 4448 TASEK 5.310 — — — — — 656.4 0.960 0.675 0.805 0.800 5038 KSL 0.800 -0.005 103.3 0.803 3.35 — 830.0
0.235 0.110 0.120 0.115 7097 TAWIN 0.120 UNCH 1263 0.119 — — 42.9 0.185 0.130 0.155 0.150 3174 L&G 0.150 -0.005 451 0.154 10.34 6.67 446.0
1.020 0.660 0.735 0.725 5289 TECHBND 0.735 0.015 29.8 0.732 23.86 — 169.1 0.784 0.416 0.650 0.645 8494 LBICAP 0.645 -0.005 75.1 0.648 5.13 7.75 65.5
0.840 0.365 0.390 0.365 8702 TEXCHEM 0.365 -0.025 114.7 0.380 — 27.40 45.3 0.819 0.486 0.520 0.510 5789 LBS 0.510 -0.010 1123 0.512 11.41 3.53 799.2
2.720 2.004 2.490 2.470 7034 TGUAN 2.490 -0.010 170.6 2.482 6.69 3.21 439.6 0.350 0.220 0.255 0.250 3573 LIENHOE 0.250 -0.005 265.2 0.252 — — 90.4
1.493 0.983 — — 7374 TIENWAH 1.260 — — — — 6.35 182.4 1.250 0.800 1.050 0.995 7617 MAGNA 1.050 0.020 111 0.998 — — 351.7
0.680 0.396 — — 7854 TIMWELL 0.600 — — — 8.93 3.33 53.4 1.045 0.780 0.805 0.780 8583 MAHSING 0.785 -0.015 2127.6 0.789 12.76 5.73 1,905.7
0.740 0.430 0.475 0.465 7285 TOMYPAK 0.475 0.005 641 0.470 — 0.63 199.4 0.695 0.390 0.490 0.485 6181 MALTON 0.490 -0.005 498.6 0.489 9.63 4.08 258.8
4.066 2.470 2.550 2.520 5010 TONGHER 2.550 UNCH 9 2.547 10.90 7.84 401.4 1.971 1.720 1.920 1.900 5236 MATRIX 1.900 -0.010 84.9 1.907 6.45 6.45 1,563.3
6.246 4.265 4.790 4.710 7113 TOPGLOV 4.740 -0.040 2390 4.732 31.29 1.79 12,137.2 1.827 1.360 — — 7189 MBWORLD 1.570 — — — 5.14 5.16 247.1
1.009 0.558 0.690 0.650 7173 TOYOINK 0.680 0.020 1.8 0.678 19.10 2.94 72.8 0.800 0.210 0.240 0.220 5182 MCT 0.225 UNCH 2035.1 0.231 4.76 — 327.8
0.814 0.543 — — 5167 TURBO 0.630 — — — 12.91 3.17 68.0 0.480 0.290 0.350 0.330 1694 MENANG 0.350 -0.020 30.3 0.332 — — 168.3
2.982 2.303 2.810 2.790 7100 UCHITEC 2.790 -0.020 31.2 2.799 17.03 5.02 1,258.0 0.420 0.065 0.070 0.065 5040 MERIDIAN 0.070 0.005 2216 0.068 — — 36.7
0.800 0.385 0.495 0.480 7133 ULICORP 0.480 -0.015 113 0.491 — — 104.5 0.350 0.180 — — 8141 MJPERAK 0.180 — — — 11.92 — 46.3
2.494 1.840 — — 7137 UMS 2.000 — — — 26.39 3.00 81.4 1.410 1.110 1.220 1.210 6114 MKH 1.210 UNCH 140.7 1.215 9.08 2.89 709.7
1.068 0.850 — — 7227 UMSNGB 0.880 — — — 11.52 3.41 70.4 0.220 0.165 0.170 0.165 8893 MKLAND 0.165 -0.005 135.5 0.165 31.73 — 199.2
1.450 0.905 1.300 1.270 7091 UNIMECH 1.290 -0.010 84 1.275 10.02 2.95 204.8 0.165 0.070 0.100 0.100 6548 MPCORP 0.100 -0.005 32 0.100 — — 28.8
0.750 0.300 — — 4995 VERSATL 0.310 — — — — — 44.0 1.125 0.558 0.765 0.735 1651 MRCB 0.735 -0.025 2639.5 0.744 90.74 2.38 3,242.9
1.744 0.610 1.360 1.330 6963 VS 1.350 -0.010 9845.2 1.344 15.96 2.96 2,484.5 0.540 0.370 — — 9539 MUH 0.400 — — — — — 22.6
1.150 0.595 0.645 0.635 5142 WASEONG 0.645 -0.005 129.3 0.639 9.21 — 499.8 0.280 0.160 0.170 0.160 3913 MUIPROP 0.165 -0.005 2817.3 0.162 7.17 — 126.1
0.950 0.400 — — 7226 WATTA 0.485 — — — — — 41.0 1.440 0.430 0.970 0.950 5073 NAIM 0.960 UNCH 7789.7 0.960 2.78 — 493.2
1.277 1.068 1.170 1.160 7231 WELLCAL 1.160 UNCH 109.4 1.160 15.63 4.83 577.6 2.280 1.970 — — 5827 OIB 2.180 — — — 5.94 3.67 337.6
0.700 0.460 — — 7692 WIDETEC 0.560 — — — 17.34 — 25.1 0.949 0.792 0.935 0.920 5053 OSK 0.930 0.010 160.8 0.926 4.95 5.38 1,948.6
0.824 0.435 0.455 0.450 7050 WONG 0.455 UNCH 35.5 0.450 14.49 3.30 52.1 1.752 1.261 1.340 1.320 1724 PARAMON 1.320 -0.020 215.3 1.327 10.29 4.77 800.8
0.830 0.550 — — 7025 WOODLAN 0.615 — — — 62.76 — 24.6 0.460 0.320 0.370 0.350 6912 PASDEC 0.350 -0.010 2 0.354 — — 140.1
1.700 1.020 — — 5009 WTHORSE 1.150 — — — — — 276.0 0.015 0.005 0.010 0.005 4464 PHB 0.010 0.005 498.1 0.005 — — 72.0
0.696 0.404 0.480 0.465 4243 WTK 0.465 -0.010 455.4 0.472 — 3.23 223.8 1.690 1.020 — — 7055 PLB 1.100 — — — 112.24 — 123.6
0.410 0.160 0.225 0.215 7245 WZSATU 0.220 UNCH 930.2 0.218 — — 102.3 1.580 1.300 1.360 1.330 5075 PLENITU 1.360 0.040 54.1 1.342 12.36 3.31 518.9
0.695 0.530 — — 5048 YILAI 0.620 — — — — — 90.3 6.100 5.210 5.960 5.660 7765 RAPID 5.960 0.080 28.5 5.947 190.42 — 637.1
0.220 0.090 0.100 0.100 7020 YKGI 0.100 UNCH 1.4 0.100 — — 35.1 0.840 0.585 0.600 0.600 4596 SAPRES 0.600 -0.050 10 0.600 — — 83.8
0.360 0.200 — — 7014 YLI 0.215 — — — — — 22.1 0.630 0.400 0.460 0.460 5207 SBCCORP 0.460 0.035 1 0.460 7.63 2.17 118.7
CONSTRUCTION 0.732 0.582 0.630 0.620 2224 SDRED 0.625 UNCH 78.5 0.625 10.43 3.20 266.3
0.485 0.241 0.410 0.400 5281 ADVCON 0.405 UNCH 721.8 0.406 16.46 2.47 163.2 0.400 0.285 — — 4286 SEAL 0.325 — — — 3.89 — 79.0
0.575 0.274 0.380 0.375 7078 AZRB 0.380 UNCH 206.2 0.377 25.85 2.34 227.2 2.426 2.038 — — 6017 SHL 2.310 — — — 9.86 6.93 559.3
0.250 0.140 0.150 0.145 5190 BENALEC 0.150 UNCH 97 0.145 — — 129.3 1.199 0.790 0.870 0.850 5288 SIMEPROP 0.870 0.010 4406.2 0.857 39.73 2.30 5,916.7
0.295 0.120 0.135 0.130 5932 BPURI 0.135 0.010 1398.9 0.130 122.7 — 51.6 0.220 0.130 0.135 0.135 4375 SMI 0.135 UNCH 101 0.135 42.19 — 28.3
0.811 0.706 — — 8761 BREM 0.785 — — — 14.95 5.10 271.2 0.545 0.190 0.240 0.225 5213 SNTORIA 0.230 -0.010 1991.4 0.232 12.23 — 130.5
1.156 0.755 0.980 0.965 8591 CRESBLD 0.970 UNCH 52.7 0.969 2.54 4.64 171.6 2.713 1.390 1.480 1.430 8664 SPSETIA 1.470 UNCH 2757.5 1.449 25.93 5.82 5,942.4
1.808 1.572 — — 7528 DKLS 1.700 — — — 34.55 1.76 157.6 0.950 0.580 0.695 0.650 3743 SUNSURIA 0.670 UNCH 135.3 0.665 3.84 — 600.3
0.880 0.360 0.815 0.780 5253 ECONBHD 0.780 -0.015 8535.5 0.795 41.05 2.05 1,043.3 0.487 0.320 0.415 0.405 1538 SYMLIFE 0.405 -0.010 183 0.409 1.97 2.47 239.1
1.040 0.411 0.815 0.805 8877 EKOVEST 0.805 -0.005 8570.7 0.809 12.68 1.24 2,137.1 0.330 0.190 0.295 0.280 4022 TADMAX 0.285 0.005 5061.2 0.286 12.13 — 223.4
0.520 0.300 0.365 0.360 7047 FAJAR 0.365 0.005 418.8 0.361 9.46 4.11 136.5 0.273 0.222 0.240 0.235 5158 TAGB 0.240 UNCH 88.9 0.236 25.00 6.67 1,277.2
0.960 0.475 0.730 0.700 9261 GADANG 0.705 -0.020 736.9 0.716 10.73 4.26 513.3 0.055 0.025 0.035 0.035 2259 TALAMT 0.035 UNCH 248.6 0.035 50.00 — 150.3
3.978 1.918 3.560 3.530 5398 GAMUDA 3.550 UNCH 3683.4 3.550 20.85 3.38 8,779.0 0.867 0.666 0.765 0.750 5191 TAMBUN 0.760 0.005 72.1 0.753 6.49 6.45 329.4
1.540 0.658 1.290 1.260 5226 GBGAQRS 1.290 UNCH 573 1.274 13.12 3.04 638.0 0.085 0.040 0.060 0.050 2429 TANCO 0.055 UNCH 9819.6 0.055 — — 40.8
1.380 0.717 1.070 1.040 3204 GKENT 1.040 -0.010 364.9 1.051 7.32 4.81 585.8 0.295 0.175 0.205 0.200 7889 THRIVEN 0.200 UNCH 385 0.201 3.78 — 109.4
0.695 0.280 0.525 0.510 5169 HOHUP 0.520 -0.005 396.5 0.516 8.25 — 194.9 0.100 0.030 0.055 0.050 7079 TIGER 0.050 -0.005 1409.8 0.050 — — 63.5
1.575 1.262 1.330 1.330 6238 HSL 1.330 UNCH 29.2 1.330 12.98 1.80 775.0 0.355 0.285 0.300 0.290 5239 TITIJYA 0.300 UNCH 62.3 0.293 11.54 0.83 403.7
2.510 1.361 2.230 2.200 3336 IJM 2.220 -0.030 704 2.214 19.29 1.80 8,079.2 0.868 0.754 0.845 0.820 5401 TROP 0.845 0.030 205.6 0.834 7.15 3.29 1,242.5
0.290 0.090 0.130 0.120 5268 IKHMAS 0.120 -0.005 2507 0.125 — — 70.6 1.020 0.620 0.705 0.690 5148 UEMS 0.695 UNCH 175.9 0.693 28.25 — 3,153.5
0.630 0.444 — — 8834 IREKA 0.500 — — — — 4.00 93.4 2.350 1.733 2.000 1.990 5200 UOADEV 1.990 -0.010 6.1 1.993 8.84 7.04 3,914.6
1.080 0.405 0.750 0.730 4723 JAKS 0.735 -0.005 5618.8 0.737 8.56 — 472.7 0.170 0.085 0.090 0.085 6378 WMG 0.085 -0.005 104.7 0.088 — — 36.2
1.490 0.975 1.390 1.380 7161 KERJAYA 1.380 -0.010 24.7 1.386 12.06 2.54 1,713.9 0.995 0.650 — — 7003 Y&G 0.850 — — — 21.79 — 169.5
1.460 0.972 1.270 1.260 5171 KIMLUN 1.270 0.010 14.1 1.264 6.11 2.91 431.6 2.800 1.040 2.470 2.380 3158 YNHPROP 2.430 -0.060 232 2.443 64.29 — 1,285.5
1.060 0.735 — — 9628 LEBTECH 0.860 — — — — — 117.4 0.820 0.190 0.215 0.205 7066 YONGTAI 0.210 0.005 2233.6 0.209 — — 144.7
0.622 0.405 — — 5129 MELATI 0.420 — — — 56.00 2.38 50.4 0.425 0.295 0.305 0.300 2577 YTLLAND 0.300 0.005 944 0.300 — — 253.3
1.060 0.700 — — 8192 MERCURY 0.725 — — — 7.49 — 29.1 TRANSPORTATION & LOGISTICS
1.810 0.270 — — 5006 MERGE 0.915 — — — — — 61.3 9.005 6.481 8.800 8.660 5014 AIRPORT 8.780 UNCH 1418.7 8.737 32.47 1.59 14,567.7
0.905 0.640 — — 7595 MGB 0.675 — — — 17.53 — 335.7 1.400 1.120 — — 8133 BHIC 1.300 — — — — 2.69 323.0
0.432 0.216 — — 9571 MITRA 0.285 — — — — 5.26 255.4 4.962 3.660 3.720 3.660 5032 BIPORT 3.660 -0.050 29.5 3.678 10.36 4.37 1,683.6
0.250 0.115 0.185 0.185 5924 MTDACPI 0.185 0.010 1.6 0.185 — — 42.9 0.435 0.275 0.285 0.275 7187 CHGP 0.280 UNCH 508 0.281 40.58 — 83.2
0.470 0.200 0.225 0.200 5085 MUDAJYA 0.205 -0.015 1012.3 0.213 — — 124.1 0.665 0.360 0.415 0.400 7117 CJCEN 0.405 -0.010 95.8 0.412 — 1.85 159.7
3.108 2.370 2.430 2.370 5703 MUHIBAH 2.420 -0.010 81.7 2.397 8.36 3.10 1,174.1 0.930 0.449 — — 5136 COMPLET 0.735 — — — 9.52 — 93.3
0.370 0.220 0.245 0.235 7071 OCR 0.245 0.005 1573.4 0.240 — — 80.3 0.605 0.310 0.425 0.405 5259 EATECH 0.420 0.010 590.7 0.414 — — 211.7
0.900 0.730 0.810 0.810 5622 PEB 0.810 -0.020 0.6 0.810 — — 56.0 0.718 0.497 0.605 0.600 7210 FREIGHT 0.600 UNCH 10.7 0.601 12.32 5.83 167.5
0.307 0.163 0.215 0.215 8311 PESONA 0.215 -0.005 134.2 0.215 13.03 4.65 149.4 0.445 0.255 0.305 0.290 0078 GDEX 0.295 UNCH 4979.1 0.296 50.00 0.68 1,664.2
0.390 0.183 0.255 0.245 5070 PRTASCO 0.250 UNCH 194.5 0.250 — 2.40 123.8 0.420 0.265 0.290 0.280 7676 GUNUNG 0.290 UNCH 11 0.281 — — 68.5
0.170 0.095 0.145 0.140 7145 PSIPTEK 0.140 -0.005 4738.9 0.142 16.47 — 59.8 0.760 0.560 — — 2062 HARBOUR 0.685 — — — 11.87 1.46 274.3
3.430 1.986 3.400 3.360 9598 PTARAS 3.370 -0.020 89.1 3.376 21.46 5.93 559.0 0.065 0.030 0.050 0.045 7013 HUBLINE 0.045 -0.005 1937.3 0.046 34.62 — 171.9
0.545 0.270 0.285 0.275 6807 PUNCAK 0.275 -0.010 6.1 0.282 — 1.82 123.6 0.580 0.270 — — 5614 ILB 0.370 — — — — — 72.2
0.810 0.390 0.410 0.405 5205 SENDAI 0.405 -0.005 451 0.407 5.74 — 316.3 4.891 3.516 4.550 4.400 6645 LITRAK 4.540 0.020 1030.9 4.478 9.64 5.51 2,410.0
2.156 1.246 2.060 2.050 5263 SUNCON 2.060 -0.010 24.4 2.051 19.40 3.40 2,663.4 0.115 0.055 0.075 0.070 5078 M&G 0.070 -0.005 28 0.074 — — 50.7
0.285 0.210 0.230 0.225 9717 SYCAL 0.230 0.005 15 0.227 67.65 — 95.8 0.785 0.410 0.745 0.720 5077 MAYBULK 0.730 -0.015 2106.7 0.733 1.77 — 730.0
0.741 0.426 0.480 0.460 5054 TRC 0.480 0.015 500.8 0.466 7.55 3.96 230.6 8.040 5.244 7.970 7.770 3816 MISC 7.780 -0.020 1839.6 7.792 21.85 3.86 34,728.3
0.595 0.295 — — 5042 TSRCAP 0.400 — — — — — 69.8 1.425 0.780 1.080 1.060 2194 MMCCORP 1.070 UNCH 341.8 1.071 11.59 3.74 3,258.2
0.890 0.180 — — 0301 UNIWALL 0.890 — — — 32.13 0.02 325.5 0.380 0.160 — — 9806 NATWIDE 0.160 — — — — — 19.7
1.170 0.800 0.860 0.850 7070 VIZIONE 0.860 UNCH 109.5 0.856 7.27 — 483.6 0.050 0.025 — — 6254 PDZ 0.030 — — — — — 20.5
0.730 0.465 0.515 0.505 3565 WCEHB 0.505 -0.010 142.3 0.509 24.88 — 506.4 3.650 1.220 1.760 1.720 4634 POS 1.720 -0.040 1147.5 1.732 — 2.33 1,346.4
1.220 0.647 0.930 0.925 9679 WCT 0.930 UNCH 436.5 0.926 14.72 3.16 1,318.8 0.610 0.295 — — 8346 PRKCORP 0.390 — — — — — 39.0
0.410 0.150 0.330 0.320 7028 ZECON 0.320 UNCH 526.2 0.323 — — 46.1 0.375 0.090 0.375 0.365 5145 SEALINK 0.365 -0.005 2655.8 0.372 — — 182.5
0.125 0.025 0.080 0.080 2283 ZELAN 0.080 UNCH 997.8 0.080 — — 67.6 1.009 0.795 0.870 0.805 7053 SEEHUP 0.870 UNCH 12 0.845 — 3.62 70.0
HEALTH CARE 1.500 1.176 1.400 1.350 6521 SURIA 1.350 -0.020 120.6 1.360 9.47 4.01 466.9
0.605 0.350 0.530 0.510 7191 ADVENTA 0.530 0.025 17 0.525 — — 81.0 0.345 0.240 0.265 0.260 5173 SYSCORP 0.265 -0.005 216.1 0.263 — — 318.0
2.404 1.950 2.090 2.010 7090 AHEALTH 2.090 0.070 188.1 2.054 17.42 1.65 985.8 0.360 0.180 0.260 0.250 5149 TAS 0.260 0.005 21 0.251 11.45 — 46.8
1.480 0.898 1.370 1.340 7148 DPHARMA 1.350 0.010 720.4 1.352 16.28 4.07 918.1 1.692 0.968 — — 5140 TASCO 1.110 — — — 23.92 4.50 222.0
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
FRIDAY S E P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 2 7
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
1.040 0.420 0.485 0.480 8397 TNLOGIS 0.480 UNCH 157.4 0.481 — — 221.2 0.440 0.070 0.420 0.400 7164 KNM 0.415 0.020 83542 0.411 — — 1,081.2
1.150 0.430 — — 7218 TOCEAN 0.505 — — — — — 20.7 0.970 0.495 0.870 0.850 5186 MHB 0.865 -0.005 357.1 0.860 — — 1,384.0
4.270 3.172 4.100 4.060 5246 WPRTS 4.070 -0.020 1204.2 4.074 23.36 3.21 13,878.7 1.260 0.340 1.140 1.070 5133 PENERGY 1.110 0.040 2756.8 1.101 36.27 1.80 357.1
0.930 0.245 0.485 0.470 5267 XINHWA 0.470 -0.010 473.7 0.474 35.07 2.13 101.5 0.540 0.175 0.325 0.315 7108 PERDANA 0.325 0.005 4090.5 0.320 — — 253.0
PLANTATION 0.045 0.005 — — 0047 PERISAI 0.005 — — — — — 6.3
0.210 0.120 0.125 0.120 7054 AASIA 0.125 0.005 95 0.122 — — 82.5 8.395 5.190 5.600 5.510 3042 PETRONM 5.540 -0.080 47.2 5.548 8.61 3.61 1,495.8
17.332 15.400 15.700 15.600 1899 BKAWAN 15.700 0.020 402.2 15.69 18.51 3.50 6,844.4 0.520 0.165 0.200 0.190 5256 REACH 0.195 UNCH 2112.9 0.195 — — 213.8
7.540 5.700 — — 5069 BLDPLNT 5.850 — — — — 0.51 547.0 0.467 0.251 0.295 0.280 5218 SAPNRG 0.290 UNCH 104035 0.287 — — 4,633.9
1.108 0.646 0.680 0.670 5254 BPLANT 0.680 0.005 76.2 0.675 53.97 8.09 1,523.2 0.145 0.040 0.080 0.070 7158 SCOMI 0.080 0.010 9115.4 0.076 — — 87.5
0.736 0.505 0.510 0.505 8982 CEPAT 0.510 UNCH 51.5 0.507 — 2.94 162.4 0.140 0.030 0.090 0.075 7045 SCOMIES 0.090 0.015 9020.5 0.082 — — 210.8
7.297 6.030 — — 1929 CHINTEK 6.500 — — — 15.93 2.46 593.9 4.529 3.453 4.400 4.340 5279 SERBADK 4.360 -0.010 403.5 4.358 14.59 2.05 6,402.7
0.499 0.394 0.420 0.415 3948 DUTALND 0.420 0.005 87 0.417 32.81 — 355.4 0.045 0.005 0.030 0.025 1201 SUMATEC 0.030 UNCH 4479.1 0.025 — — 127.6
2.976 2.501 — — 5029 FAREAST 2.690 — — — — 1.12 1,597.4 0.579 0.297 0.465 0.455 7228 T7GLOBAL 0.460 UNCH 590.2 0.460 50.55 1.09 230.7
1.560 0.630 0.955 0.925 5222 FGV 0.930 -0.005 7114.5 0.938 — — 3,392.8 0.075 0.025 0.065 0.060 7206 THHEAVY 0.065 0.005 846.2 0.061 0.67 — 72.9
10.631 8.935 10.000 9.900 2291 GENP 9.990 -0.090 110.8 9.960 80.50 1.18 8,964.6 1.510 0.550 0.940 0.850 7250 UZMA 0.925 0.070 31957 0.912 9.97 — 296.0
0.460 0.335 0.395 0.370 7382 GLBHD 0.370 -0.025 0.9 0.373 — — 82.5 0.340 0.165 0.310 0.300 5243 VELESTO 0.305 UNCH 24530 0.305 — — 2,505.8
0.820 0.530 0.710 0.530 2135 GOPENG 0.690 -0.020 13 0.640 46.00 3.62 185.6 1.150 0.595 0.645 0.635 5142 WASEONG 0.645 -0.005 129.3 0.639 9.21 — 499.8
0.800 0.340 — — 7501 HARNLEN 0.580 — — — — — 107.6 7.208 4.018 6.700 6.650 7293 YINSON 6.700 UNCH 406.6 6.672 32.73 0.90 7,328.9
2.268 1.400 1.410 1.410 5138 HSPLANT 1.410 UNCH 21 1.410 114.63 1.06 1,128.0
2.576 1.283 1.500 1.480 2216 IJMPLNT 1.480 -0.040 152 1.493 — 1.35 1,303.3
0.694 0.550 0.600 0.570 2607 INCKEN 0.600 0.020 36.5 0.574 — 1.78 252.5
0.798 0.580 0.650 0.650 6262 INNO 0.650 -0.025 30 0.650 65.66 1.54 311.3
4.698 4.064 4.480
0.685 0.430 0.480
25.611 23.000 23.420 23.060
4.280
0.470
1961
4383
2445
IOICORP
JTIASA
KLK
4.400
0.470
23.400
-0.020
-0.010
0.040
2152.8
148.4
157.9
4.400 43.78
0.474 —
23.31 45.77
1.82
1.06
1.92
27,652.4
457.6
24,979.6
Ace Market
3.950 3.100 3.600 3.600 2453 KLUANG 3.600 0.040 0.3 3.600 — 0.27 227.4 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
1.285 1.080 1.130 1.120 5027 KMLOONG 1.120 -0.010 30 1.125 22.49 5.36 1,047.7 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.460 0.365 0.380 0.380 1996 KRETAM 0.380 UNCH 34.1 0.380 — — 884.5
1.110 0.680 0.710 0.710 6572 KWANTAS 0.710 -0.030 20 0.710 — — 221.3 CONSUMER PRODUCTS & SERVICES
0.950 0.690 0.700 0.700 4936 MALPAC 0.700 -0.005 5 0.700 — 14.29 52.5 0.740 0.325 0.525 0.505 0098 BAHVEST 0.510 -0.005 4957.8 0.511 58.62 — 624.7
0.731 0.546 0.560 0.555 5026 MHC 0.555 -0.015 11.6 0.559 693.75 2.70 109.1 0.265 0.190 0.200 0.190 0179 BIOHLDG 0.190 Unch 323.5 0.194 15.83 0.58 163.4
2.000 1.680 — — 5047 NPC 1.900 — — — — — 228.0 0.350 0.150 0.160 0.155 0205 DPIH 0.155 Unch 107.3 0.155 7.14 — 75.4
3.490 3.082 — — 2038 NSOP 3.320 — — — — 1.81 233.1 0.395 0.095 0.365 0.355 0116 FOCUS 0.365 0.010 8392 0.360 — — 745.8
0.690 0.140 0.275 0.275 1902 PINEPAC 0.275 -0.010 1 0.275 — — 41.2 0.477 0.113 0.415 0.390 0157 FOCUSP 0.410 0.020 980 0.406 8.93 4.59 90.2
1.310 0.700 0.730 0.700 9695 PLS 0.730 -0.045 135.8 0.714 — — 256.0 0.125 0.075 0.095 0.095 0074 GOCEAN 0.095 0.005 257.8 0.095 — — 27.5
0.290 0.135 0.145 0.135 5113 RSAWIT 0.140 UNCH 305.3 0.137 — — 198.6 0.090 0.035 0.065 0.060 0170 KANGER 0.065 Unch 628 0.060 9.42 — 58.1
3.701 2.732 — — 2542 RVIEW 2.830 — — — 658.14 1.41 183.5 0.428 0.241 0.315 0.310 0210 KHJB 0.310 -0.005 43.9 0.311 11.88 — 117.8
3.178 2.740 — — 2569 SBAGAN 3.000 — — — — 0.67 199.0 0.205 0.130 0.150 0.145 0180 KTC 0.145 0.005 232.2 0.145 6.22 — 74.0
0.460 0.240 — — 4316 SHCHAN 0.255 — — — — — 33.6 0.165 0.090 0.105 0.105 0182 LKL 0.105 0.015 0.1 0.105 — — 45.0
5.299 3.934 4.920 4.800 5285 SIMEPLT 4.840 -0.060 1289.9 4.834 95.28 2.12 33,321.3 0.250 0.100 0.140 0.135 0140 MACPIE 0.140 0.005 208.5 0.139 — — 49.5
2.791 1.919 2.090 2.070 5126 SOP 2.070 0.010 43.4 2.083 32.91 2.42 1,181.7 0.600 0.277 0.595 0.565 0201 NOVA 0.580 -0.005 880.6 0.580 15.72 0.86 184.3
1.844 1.310 1.460 1.460 5135 SWKPLNT 1.460 -0.040 2 1.460 23.17 3.42 408.8 0.155 0.100 0.125 0.110 0153 OVERSEA 0.120 0.010 135.9 0.119 — — 29.6
2.720 1.882 2.190 2.140 5012 TAANN 2.140 -0.050 66.1 2.158 13.33 4.67 952.0 0.125 0.060 0.090 0.075 0022 PARLO 0.085 0.005 1743.3 0.080 — — 30.9
0.260 0.145 0.170 0.165 2054 TDM 0.165 -0.005 738.3 0.170 — — 277.6 0.400 0.185 0.185 0.185 0171 PLABS 0.185 Unch 219.1 0.185 10.28 — 39.7
0.700 0.340 0.345 0.345 5112 THPLANT 0.345 -0.005 10 0.345 — — 304.9 0.539 0.434 0.520 0.515 0158 SCC 0.520 0.010 69 0.517 11.85 6.54 73.4
1.177 0.865 0.900 0.885 9059 TSH 0.900 UNCH 14 0.897 32.61 1.11 1,243.6 0.225 0.075 0.100 0.100 0148 SUNZEN 0.100 -0.010 75.8 0.100 — — 53.5
6.105 5.000 5.150 5.150 2593 UMCCA 5.150 UNCH 7.5 5.150 — 1.55 1,079.9 0.387 0.255 0.280 0.260 0197 WEGMANS 0.280 0.020 778.4 0.268 8.89 1.79 140.0
27.000 24.006 25.300 25.180 2089 UTDPLT 25.180 -0.160 80.9 25.23 15.97 1.59 5,240.8 0.235 0.120 0.220 0.215 0095 XINGHE 0.220 Unch 2882.2 0.215 — — 106.0
INDUSTRIAL PRODUCTS & SERVICES
TELECOMMUNICATIONS & MEDIA 0.300 0.210 0.235 0.220 0122 AIM 0.235 -0.035 46 0.228 — — 62.5
0.180 0.100 — — 0159 AMEDIA 0.135 — — — — — 32.3 0.095 0.055 0.065 0.060 0105 ASIAPLY 0.065 -0.005 190.2 0.061 — 7.69 29.5
0.700 0.605 — — 7031 AMTEL 0.615 — — — 9.40 — 33.3 0.065 0.040 0.045 0.040 0072 AT 0.045 0.005 499 0.045 — — 20.9
1.670 0.999 1.430 1.390 6399 ASTRO 1.420 0.010 2192.4 1.408 12.06 5.63 7,404.3 0.250 0.140 0.145 0.140 0187 BCMALL 0.145 Unch 220 0.145 10.00 1.38 61.1
5.280 3.161 4.300 4.240 6888 AXIATA 4.300 UNCH 3169.7 4.272 — 2.21 39,253.3 0.245 0.130 0.135 0.135 0163 CAREPLS 0.135 Unch 160 0.135 — — 71.7
0.375 0.100 0.185 0.170 6025 BJMEDIA 0.185 0.010 36 0.185 — — 43.5 0.155 0.075 0.090 0.090 0102 CONNECT 0.090 Unch 0.8 0.090 — — 29.6
5.050 3.852 4.760 4.660 6947 DIGI 4.760 -0.020 1802.8 4.713 24.60 4.01 37,009.0 0.300 0.180 0.230 0.225 0190 ESAFE 0.230 Unch 25.7 0.226 41.82 7.83 55.3
0.355 0.180 0.200 0.200 0059 ECOHLDS 0.200 -0.020 5 0.200 12.90 — 42.3 0.204 0.105 0.180 0.160 0100 ESCERAM 0.165 0.010 373 0.168 44.59 3.64 33.9
0.730 0.300 0.730 0.705 0082 GPACKET 0.725 0.020 22245 0.718 — — 660.7 0.548 0.326 0.355 0.345 0039 GFM 0.350 0.005 1276 0.350 12.87 3.14 165.0
5.756 4.964 5.700 5.590 6012 MAXIS 5.700 0.050 1007 5.673 28.08 3.51 44,576.8 0.235 0.105 0.150 0.145 0175 HHGROUP 0.145 -0.005 294.8 0.145 — — 49.2
0.600 0.325 0.470 0.470 4502 MEDIA 0.470 UNCH 478.2 0.470 — — 521.3 0.155 0.080 0.105 0.105 0160 HHHCORP 0.105 Unch 249.5 0.105 12.07 — 35.0
0.265 0.165 0.180 0.175 5090 MEDIAC 0.175 UNCH 571 0.175 0.77 6.69 295.3 0.260 0.115 0.215 0.190 0188 HLT 0.215 Unch 26 0.190 — — 110.1
0.665 0.400 0.640 0.620 0172 OCK 0.625 UNCH 4226.8 0.629 20.03 — 544.7 0.085 0.035 0.040 0.040 0024 JAG 0.040 0.005 10 0.040 — — 60.6
0.434 0.326 — — 7190 PPG 0.340 — — — 52.31 1.47 34.0 0.405 0.178 0.405 0.390 0193 KAB 0.400 0.005 2392.7 0.399 17.94 2.50 141.6
0.300 0.165 0.170 0.165 5252 SASBADI 0.165 -0.005 127.7 0.165 86.84 — 69.2 0.145 0.080 — — 0167 MCLEAN 0.125 — — — — — 22.3
0.700 0.470 — — 9431 SJC 0.530 — — — — — 21.5 0.240 0.090 0.110 0.105 0081 MEGASUN 0.110 0.005 282 0.105 42.31 — 27.6
0.876 0.540 0.550 0.540 6084 STAR 0.540 -0.010 121.5 0.545 — 5.56 398.8 0.210 0.105 0.120 0.115 0207 MESTRON 0.115 -0.005 343.4 0.116 — — 90.9
9.350 7.329 9.030 9.000 5031 TIMECOM 9.000 0.040 1012.8 9.005 16.60 1.03 5,269.8 0.115 0.040 0.040 0.040 0177 PASUKGB 0.040 -0.005 100 0.040 — — 32.6
4.680 2.097 3.680 3.520 4863 TM 3.520 -0.140 5231.5 3.572 42.11 0.57 13,253.9 0.210 0.105 — — 0038 PTB 0.120 — — — — — 22.4
0.310 0.045 — — 5754 UTUSAN 0.055 — — — — — 6.1 0.380 0.165 0.200 0.190 0196 QES 0.195 0.005 5893.6 0.195 19.12 — 147.9
TECHNOLOGY 0.180 0.040 0.050 0.045 0133 SANICHI 0.050 0.005 182 0.045 — — 55.4
0.700 0.605 — — 7031 AMTEL 0.615 — — — 9.40 — 33.3 0.180 0.090 0.100 0.100 0161 SCH 0.100 0.005 110 0.100 — — 55.6
0.190 0.115 0.130 0.120 5195 CENSOF 0.125 0.005 739.5 0.124 416.67 — 62.7 0.982 0.429 0.870 0.845 0001 SCOMNET 0.850 -0.005 772.6 0.856 32.69 1.18 546.6
0.330 0.160 0.180 0.175 0051 CUSCAPI 0.175 UNCH 606.9 0.176 — — 150.4 0.290 0.115 0.160 0.150 0028 SCOPE 0.160 Unch 243 0.150 — 3.13 99.1
0.985 0.490 0.560 0.545 7204 D&O 0.555 0.010 970.3 0.552 19.47 1.80 616.9 0.120 0.080 0.085 0.085 0055 SERSOL 0.085 Unch 20 0.085 — — 18.3
0.285 0.160 0.175 0.165 8338 DATAPRP 0.170 UNCH 464.6 0.169 — — 74.4 0.580 0.260 0.285 0.270 0211 TASHIN 0.270 -0.010 348.3 0.276 7.14 — 94.2
0.080 0.040 0.045 0.045 0029 DIGISTA 0.045 UNCH 100 0.045 — — 29.6 0.496 0.241 0.305 0.295 0084 TECFAST 0.305 0.010 31.1 0.299 21.48 3.28 69.6
0.447 0.192 0.295 0.270 4456 DNEX 0.290 0.020 28632 0.283 16.29 1.72 509.8 0.663 0.360 0.370 0.365 0089 TEXCYCL 0.365 -0.005 12 0.370 14.26 1.64 93.5
0.950 0.280 0.935 0.910 5216 DSONIC 0.920 0.010 5074 0.923 28.75 2.45 1,242.0 0.390 0.215 0.265 0.255 0162 WIDAD 0.265 0.005 3630.1 0.260 26.77 — 650.5
0.775 0.380 0.435 0.425 5036 EDARAN 0.430 0.010 195 0.431 — — 25.8 0.180 0.115 0.120 0.120 0025 YBS 0.120 -0.010 3.2 0.120 16.44 — 29.0
0.813 0.367 0.680 0.660 0065 EFORCE 0.665 -0.010 7565.4 0.666 40.06 1.88 409.2 TECHNOLOGY
1.414 0.747 0.890 0.875 0090 ELSOFT 0.880 -0.010 1124 0.885 18.97 5.11 587.9 0.380 0.175 0.300 0.280 0181 AEMULUS 0.285 -0.010 2414.6 0.289 190.0 0.70 156.6
1.760 0.566 1.760 1.710 0128 FRONTKN 1.740 0.020 7674.7 1.741 27.71 1.03 1,833.0 0.195 0.075 0.095 0.090 0119 APPASIA 0.095 0.005 742.2 0.095 — — 32.8
0.240 0.080 — — 9377 FSBM 0.095 — — — — — 13.4 0.300 0.135 0.140 0.135 0068 ASDION 0.140 Unch 86.4 0.136 — — 17.9
1.860 1.240 1.370 1.320 0021 GHLSYS 1.330 -0.030 351.6 1.341 36.44 — 996.4 0.465 0.200 0.280 0.265 0195 BINACOM 0.265 -0.010 1147.1 0.275 12.86 3.77 68.9
0.730 0.300 0.730 0.705 0082 GPACKET 0.725 0.020 22245 0.718 — — 660.7 0.347 0.180 — — 0191 CABNET 0.195 — — — 7.56 4.10 34.9
0.300 0.176 0.260 0.260 0056 GRANFLO 0.260 0.005 40 0.260 12.68 1.92 125.6 0.180 0.090 — — 0152 DGB 0.095 — — — — — 71.8
2.489 1.350 1.890 1.780 7022 GTRONIC 1.840 0.060 5779.9 1.860 21.62 1.49 1,231.8 0.105 0.065 0.095 0.090 0131 DGSB 0.090 Unch 535.8 0.091 36.00 — 67.1
1.440 0.340 1.230 1.170 5028 HTPADU 1.190 0.020 6138.9 1.202 — — 120.5 0.025 0.005 0.015 0.010 0154 EAH 0.010 Unch 2063.6 0.010 — — 50.7
2.319 1.184 1.780 1.750 0166 INARI 1.760 0.010 11858 1.766 29.19 2.95 5,595.3 0.075 0.015 0.060 0.055 0107 EDUSPEC 0.055 -0.005 2075.8 0.057 — — 60.6
0.353 0.242 0.270 0.265 0192 INTA 0.265 -0.005 425.5 0.265 5.65 2.83 141.8 2.015 1.040 1.110 1.060 0104 GENETEC 1.090 0.040 160.3 1.078 36.70 4.59 46.1
0.145 0.070 — — 9393 ITRONIC 0.095 — — — — — 12.7 0.100 0.045 0.065 0.060 0045 GNB 0.060 -0.005 569 0.060 — — 17.3
0.290 0.155 0.170 0.165 5161 JCY 0.165 -0.005 196.9 0.168 — 3.03 342.7 1.590 0.635 1.590 1.510 0208 GREATEC 1.540 0.040 9679.4 1.551 20.16 — 964.0
17.016 6.660 7.280 7.100 9334 KESM 7.250 0.150 16.2 7.214 20.42 0.41 311.9 0.050 0.015 — — 0174 IDMENSN 0.020 — — — — — 5.4
0.220 0.075 0.080 0.075 0143 KEYASIC 0.080 UNCH 594 0.076 — — 76.0 0.506 0.180 0.310 0.305 0023 IFCAMSC 0.305 -0.005 1232.2 0.309 16.76 3.28 185.5
0.405 0.310 — — 0302 MCOM 0.405 — — — 36.82 — 76.4 0.120 0.045 0.055 0.055 0094 INIX 0.055 Unch 9259.9 0.055 — — 14.9
3.321 1.442 2.250 2.130 5286 MI 2.170 0.010 4390.1 2.193 23.90 2.76 1,085.0 0.195 0.125 0.150 0.145 0010 IRIS 0.145 Unch 2711.1 0.146 13.18 — 430.1
1.262 0.585 0.665 0.635 0113 MMSV 0.640 UNCH 3180.7 0.651 19.16 3.13 130.4 0.275 0.150 0.190 0.180 0209 ISTONE 0.185 0.005 18664 0.185 15.04 — 226.0
12.837 8.330 9.100 9.050 3867 MPI 9.100 -0.260 20.2 9.084 13.48 2.97 1,909.9 1.020 0.640 0.790 0.770 0146 JFTECH 0.770 -0.020 65.4 0.773 48.43 — 161.7
1.930 0.950 1.070 1.050 5011 MSNIAGA 1.050 -0.010 17.3 1.054 — — 63.4 1.450 0.805 1.220 1.170 0127 JHM 1.190 0.030 1615.5 1.199 17.95 1.68 663.5
1.794 0.779 1.470 1.430 0138 MYEG 1.440 -0.020 7490.1 1.448 60.00 1.32 5,193.1 0.292 0.190 0.200 0.195 0111 K1 0.195 -0.005 400.3 0.200 17.26 — 142.1
0.257 0.177 0.200 0.195 0041 MYSCM 0.200 0.005 498.7 0.195 — — 63.7 0.080 0.030 — — 0036 KGROUP 0.035 — — — — — 18.2
0.743 0.460 0.540 0.530 0083 NOTION 0.535 0.005 202.5 0.536 5.05 1.87 178.2 0.737 0.496 0.635 0.620 0176 KRONO 0.625 -0.005 3968.1 0.628 13.35 3.20 305.8
0.450 0.320 0.405 0.405 9008 OMESTI 0.405 -0.010 55 0.405 — — 193.8 0.160 0.050 0.055 0.050 0018 LAMBO 0.055 Unch 255 0.052 7.14 — 115.6
4.160 1.532 4.160 4.000 7160 PENTA 4.140 0.120 3622 4.090 26.20 — 1,966.0 0.545 0.275 0.350 0.340 0075 LYC 0.340 0.005 2550.6 0.341 — — 110.5
1.080 0.255 0.465 0.445 5204 PRESBHD 0.460 0.015 3719.2 0.456 — 3.70 222.6 0.070 0.035 — — 0017 M3TECH 0.045 — — — — — 26.4
0.535 0.240 0.490 0.430 9075 THETA 0.490 0.050 38.5 0.448 — — 52.5 0.425 0.205 0.265 0.265 0155 MGRC 0.265 Unch 4.5 0.265 — — 27.4
0.025 0.010 0.015 0.010 0118 TRIVE 0.015 UNCH 665.2 0.010 — — 35.2 0.700 0.305 — — 0126 MICROLN 0.590 — — — 34.50 — 98.7
0.200 0.105 — — 4359 TURIYA 0.110 — — — — — 25.2 0.324 0.175 0.200 0.195 0112 MIKROMB 0.200 0.005 20.1 0.195 20.41 4.00 117.8
3.233 1.920 2.100 2.050 5005 UNISEM 2.060 -0.030 164.6 2.071 18.93 4.00 1,511.7 0.065 0.035 0.040 0.035 0085 MLAB 0.040 Unch 11.1 0.036 — — 26.8
1.630 1.100 1.600 1.560 5292 UWC 1.570 0.010 3331.8 1.578 15.89 — 575.9 0.290 0.200 0.275 0.265 0034 MMAG 0.275 Unch 243.5 0.272 — — 195.6
8.444 5.667 7.200 7.150 0097 VITROX 7.190 UNCH 27 7.180 32.07 0.80 3,386.2 0.120 0.035 0.120 0.110 0103 MNC 0.115 0.005 33618 0.114 — — 55.0
1.090 0.884 1.020 1.020 5162 VSTECS 1.020 0.010 21 1.020 6.89 4.90 183.6 0.165 0.095 0.105 0.100 0156 MPAY 0.105 Unch 293.3 0.100 — — 74.6
0.601 0.325 0.400 0.385 0008 WILLOW 0.385 -0.015 60 0.399 13.28 2.60 191.0 0.050 0.020 0.025 0.025 0070 MQTECH 0.025 Unch 829.1 0.025 — — 16.1
UTILITIES 0.130 0.050 0.090 0.080 0092 MTOUCHE 0.080 -0.010 6026.4 0.083 — — 40.7
0.270 0.090 0.150 0.140 7471 EDEN 0.145 -0.005 982.2 0.145 — — 58.5 1.202 0.691 0.735 0.715 0108 N2N 0.735 -0.010 133.9 0.725 29.64 2.72 439.4
2.960 2.587 2.840 2.840 5209 GASMSIA 2.840 UNCH 25 2.840 20.00 4.86 3,646.6 0.025 0.005 0.015 0.005 0020 NETX 0.015 0.005 44501 0.010 — — 49.1
0.923 0.695 0.845 0.835 5264 MALAKOF 0.840 -0.005 643.7 0.840 14.29 7.07 4,200.0 0.025 0.010 0.015 0.010 0096 NEXGRAM 0.015 Unch 1010 0.010 — — 31.1
4.007 2.973 3.900 3.830 3069 MFCB 3.860 0.020 382 3.871 12.35 1.04 1,637.9 0.185 0.080 0.085 0.085 0026 NOVAMSC 0.085 -0.005 498.5 0.085 — — 63.9
1.253 1.002 1.130 1.110 5041 PBA 1.130 0.010 30.5 1.125 — 3.10 374.3 0.880 0.435 0.730 0.685 0035 OPCOM 0.700 -0.005 14095 0.709 — 4.64 112.9
19.386 14.596 16.600 16.380 6033 PETGAS 16.540 0.080 715.4 16.51 17.82 4.35 32,728.2 0.364 0.267 0.350 0.335 0040 OPENSYS 0.335 -0.005 246.7 0.341 10.06 3.73 99.8
1.440 0.584 1.270 1.240 5272 RANHILL 1.250 -0.030 487.1 1.252 27.29 3.46 1,332.5 0.230 0.050 0.080 0.075 0079 ORION 0.075 -0.005 2290.1 0.080 — — 53.0
0.298 0.211 0.225 0.220 8567 SALCON 0.225 UNCH 366 0.225 53.57 3.42 190.6 0.730 0.240 0.360 0.320 0006 PINEAPP 0.360 0.040 8 0.321 — — 17.5
1.013 0.845 0.930 0.915 8524 TALIWRK 0.920 0.005 3329.1 0.920 20.67 5.22 1,854.6 0.100 0.045 0.055 0.050 0123 PRIVA 0.050 -0.005 166 0.052 — — 27.9
15.385 11.240 13.700 13.600 5347 TENAGA 13.620 0.020 964 13.63 25.47 3.89 77,455.4 1.730 0.867 1.520 1.480 0200 REVENUE 1.490 Unch 729.9 1.498 38.40 — 347.1
1.250 0.965 0.980 0.970 4677 YTL 0.980 0.010 2341 0.976 40.33 4.08 10,771.6 0.750 0.525 0.615 0.615 0106 REXIT 0.615 0.005 2.4 0.615 14.01 4.88 116.4
1.056 0.685 0.740 0.730 6742 YTLPOWR 0.730 UNCH 5110.2 0.733 12.19 6.85 5,955.5 0.345 0.200 0.245 0.240 0202 RGTECH 0.240 -0.005 217.5 0.240 42.11 — 126.0
CLOSED-END FUNDS 0.310 0.090 0.125 0.120 0178 SEDANIA 0.125 0.005 684.7 0.121 — — 31.0
2.780 2.300 2.370 2.370 5108 ICAP 2.370 0.010 22 2.370 82.58 — 331.8 0.610 0.370 0.470 0.470 0203 SMETRIC 0.470 -0.030 1 0.470 142.4 — 114.5
EXCHANGE TRADED FUNDS 0.155 0.090 0.095 0.095 0117 SMRT 0.095 Unch 149.9 0.095 — — 38.7
1.222 1.100 — — 0800EA ABFMY1 1.219 — — — — 1.91 1,576.1 0.260 0.055 0.260 0.250 0169 SMTRACK 0.250 -0.005 34594 0.254 — — 40.9
6.140 5.220 5.710 5.690 0829EA CHINAETF-MYR 5.710 UNCH 13.1 5.700 — — 9.4 0.150 0.080 — — 0093 SOLUTN 0.085 — — — — — 26.0
1.345 1.345 — — 0829EB CHINAETF-USD 1.345 — — — — — 0.9 0.340 0.195 0.215 0.205 0129 SRIDGE 0.215 0.010 320 0.213 — — 30.2
1.950 1.780 — — 0822EA CIMBA40 1.830 — — — — 3.74 4.9 0.325 0.155 0.160 0.155 0050 SYSTECH 0.155 -0.005 65 0.160 — 1.29 53.9
1.690 1.450 — — 0823EA CIMBC50 1.560 — — — — — 11.2 0.125 0.045 0.055 0.050 0132 TDEX 0.055 Unch 49.3 0.050 — — 32.5
1.910 1.675 1.710 1.710 0820EA FBMKLCI-EA 1.710 UNCH 8 1.710 — 1.93 2.9 0.160 0.085 — — 0145 TFP 0.090 — — — — — 18.7
1.070 0.940 — — 0826EA METFAPA 0.945 — — — — — 17.0 0.340 0.125 0.135 0.125 0005 UCREST 0.130 -0.010 9354.4 0.132 8.78 — 60.3
1.000 0.790 — — 0825EA METFSID 0.835 — — — — 2.38 73.5 0.330 0.108 0.160 0.160 0060 VC 0.160 Unch 86.5 0.160 — — 62.4
1.180 0.900 — — 0827EA METFUS50 1.160 — — — — — 15.1 0.775 0.305 0.415 0.380 0120 VIS 0.410 0.025 4651.8 0.404 11.42 2.44 69.4
1.200 1.020 — — 0821EA MYETFDJ 1.060 — — — — 2.30 290.3 0.030 0.015 0.015 0.015 0069 VIVOCOM 0.015 -0.005 472.7 0.015 — — 85.0
0.255 0.085 0.100 0.085 0066 VSOLAR 0.085 -0.010 51068 0.093 — — 32.8
1.200 1.040 — — 0824EA MYETFID 1.110 — — — — 2.49 44.0 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0
REAL ESTATE INVESTMENT TRUSTS 0.145 0.100 0.110 0.110 0086 YGL 0.110 Unch 119 0.110 — — 25.6
0.820 0.654 — — 4952 AHP 0.800 — — — 12.12 7.29 176.0 TELECOMMUNICATIONS & MEDIA
1.550 1.150 1.510 1.490 5116 ALAQAR 1.490 -0.030 37 1.496 12.06 5.94 1,096.6 0.465 0.200 0.280 0.265 0195 BINACOM 0.265 -0.010 1147.1 0.275 12.86 3.77 68.9
0.935 0.731 0.900 0.890 5269 ALSREIT 0.890 UNCH 0.2 0.895 12.29 6.06 516.2 0.720 0.420 0.445 0.440 0147 INNITY 0.440 -0.010 19 0.442 28.76 — 61.2
0.552 0.486 0.505 0.500 5120 AMFIRST 0.500 UNCH 460.2 0.500 16.18 7.88 343.2 0.070 0.035 — — 0017 M3TECH 0.045 — — — — — 26.4
0.834 0.780 0.805 0.780 5127 ARREIT 0.790 -0.015 597.6 0.791 34.20 7.30 452.8 0.120 0.035 0.120 0.110 0103 MNC 0.115 0.005 33618 0.114 — — 55.0
1.215 1.040 1.070 1.050 5130 ATRIUM 1.060 UNCH 145.5 1.052 12.20 6.92 216.9 0.130 0.050 0.090 0.080 0092 MTOUCHE 0.080 -0.010 6026.4 0.083 — — 40.7
1.990 1.349 1.860 1.830 5106 AXREIT 1.850 UNCH 2437.8 1.849 14.99 5.14 2,289.0 0.025 0.010 0.015 0.010 0096 NEXGRAM 0.015 Unch 1010 0.010 — — 31.1
1.097 0.919 1.080 1.050 5180 CMMT 1.070 0.020 3478.6 1.070 24.65 6.29 2,195.4 0.880 0.435 0.730 0.685 0035 OPCOM 0.700 -0.005 14095 0.709 — 4.64 112.9
1.142 0.955 1.000 0.990 5121 HEKTAR 0.995 -0.005 97.5 0.994 15.14 8.38 459.7 0.100 0.045 0.055 0.050 0123 PRIVA 0.050 -0.005 166 0.052 — — 27.9
2.100 1.534 2.050 2.030 5227 IGBREIT 2.050 UNCH 570.8 2.045 21.22 4.50 7,269.0 0.165 0.060 0.070 0.060 0007 PUC 0.070 0.005 17471 0.066 15.91 — 154.1
0.863 0.698 0.845 0.840 5280 KIPREIT 0.845 0.005 155.5 0.842 12.54 7.14 427.0 0.460 0.146 0.455 0.435 0032 REDTONE 0.445 Unch 3640.6 0.444 18.24 — 337.6
8.388 7.060 8.210 8.000 5235SS KLCC 8.050 -0.030 1945.3 8.072 19.93 4.34 14,532.9 0.355 0.130 0.130 0.130 0173 REV 0.130 -0.015 2 0.130 — — 17.5
1.080 1.010 1.030 1.010 5123 MQREIT 1.020 -0.010 122.8 1.018 16.94 7.07 1,093.2 0.310 0.090 0.125 0.120 0178 SEDANIA 0.125 0.005 684.7 0.121 — — 31.0
1.900 1.447 1.870 1.810 5212 PAVREIT 1.820 -0.010 989.5 1.821 19.00 4.86 5,534.8 0.340 0.195 0.215 0.205 0129 SRIDGE 0.215 0.010 320 0.213 — — 30.2
1.980 1.534 1.930 1.900 5176 SUNREIT 1.910 UNCH 2649.9 1.915 14.45 5.02 5,625.1 0.070 0.040 0.050 0.045 0165 XOX 0.050 Unch 1675.5 0.050 — — 54.6
0.909 0.813 0.865 0.850 5111 TWRREIT 0.865 0.005 55.1 0.852 26.29 6.86 242.6 FINANCIAL SERVICES
1.425 1.187 1.320 1.300 5110 UOAREIT 1.300 -0.020 158 1.302 15.20 7.02 549.7 0.075 0.040 0.050 0.045 0150 FINTEC 0.045 -0.005 585 0.049 1.66 — 28.5
1.390 1.073 1.360 1.330 5109 YTLREIT 1.360 0.040 367.5 1.340 22.11 5.68 2,318.0 0.600 0.390 0.430 0.415 0053 OSKVI 0.420 0.005 20 0.425 — — 83.0
SPAC HEALTH CARE
0.51 0.480 — — 5270 RSENA 0.505 — — — — — 505.0 0.245 0.130 0.135 0.135 0163 CAREPLS 0.135 Unch 160 0.135 — — 71.7
ENERGY 0.165 0.090 0.105 0.105 0182 LKL 0.105 0.015 0.1 0.105 — — 45.0
0.155 0.056 0.100 0.090 5115 ALAM 0.100 UNCH 4860.2 0.095 — — 95.7 0.425 0.205 0.265 0.265 0155 MGRC 0.265 Unch 4.5 0.265 — — 27.4
0.605 0.145 0.345 0.315 5210 ARMADA 0.345 0.030 177411 0.328 — — 2,027.4 0.600 0.277 0.595 0.565 0201 NOVA 0.580 -0.005 880.6 0.580 15.72 0.86 184.3
0.165 0.025 0.035 0.030 7251 BARAKAH 0.035 UNCH 606.1 0.033 — — 29.3 TRANSPORTATION & LOGISTICS
1.100 0.207 1.080 1.030 5257 CARIMIN 1.070 0.040 6013.2 1.063 8.69 2.80 250.2 0.110 0.055 0.060 0.060 0048 ANCOMLB 0.060 Unch 20 0.060 — — 28.4
1.370 0.735 0.945 0.940 5071 COASTAL 0.940 -0.010 28.9 0.942 34.18 — 500.0 0.285 0.195 0.205 0.200 0080 STRAITS 0.205 Unch 1250.8 0.205 19.34 — 133.4
0.035 0.005 0.010 0.005 0091 DAYA 0.010 UNCH 102 0.005 — — 20.4 0.500 0.295 — — 0199 TRIMODE 0.380 — — — 18.27 2.63 63.1
1.750 0.500 1.580 1.500 5141 DAYANG 1.580 0.050 12384 1.542 7.88 — 1,524.4 CONSTRUCTION
1.281 0.786 1.030 0.980 5132 DELEUM 1.030 0.045 1120.3 1.009 14.71 3.54 413.6 0.348 0.205 0.300 0.295 0198 GDB 0.295 Unch 166 0.296 6.94 6.78 184.4
3.615 2.703 3.500 3.470 7277 DIALOG 3.480 -0.020 6563.4 3.484 36.59 0.95 19,632.9 0.392 0.230 0.250 0.245 0206 NADIBHD 0.250 -0.005 116.1 0.250 5.92 — 188.3
0.510 0.275 0.385 0.380 7253 HANDAL 0.380 UNCH 48 0.381 — — 83.2 0.050 0.010 0.035 0.030 0109 SCBUILD 0.035 Unch 473.2 0.033 17.50 — 30.9
7.060 4.290 4.860 4.780 4324 HENGYUAN 4.860 0.050 330.3 4.824 — — 1,458.0 PLANTATION
1.360 0.760 0.990 0.975 5199 HIBISCS 0.985 -0.010 10166 0.984 6.80 — 1,564.4 0.080 0.065 0.065 0.065 0189 MATANG 0.065 Unch 440 0.065 72.22 3.08 117.7
0.300 0.130 0.145 0.135 2739 HUAAN 0.140 0.005 5243.7 0.137 15.91 — 157.1 UTILITIES
0.175 0.045 0.055 0.045 5255 ICON 0.050 0.005 2546.8 0.050 — — 58.9 0.347 0.172 — — 0011 BTECH 0.210 — — — 12.88 7.62 52.9
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
2 8 Markets FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

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

Bursa Malaysia Equity Derivatives YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
Main Market & Ace Market Warrants 0.100 0.065 0.090 0.085 5199C7 HIBISCS-C7 0.085 -0.010 250 0.985 1.000 18.78 30/06/2020
0.155 0.115 0.140 0.135 5199C8 HIBISCS-C8 0.135 -0.015 471 0.985 1.000 23.45 31/03/2020
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.665 0.275 0.305 0.300 5199WC HIBISCS-WC 0.305 Unch 1967.8 0.985 1.060 38.58 19/03/2021
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE 0.080 0.003 — — 5819CO HLBANK-CO 0.005 — — 2.358 22.000 836.17 23/10/2019
0.555 0.220 0.340 0.320 70342 A50CHIN-C42 0.325 -0.015 7483.2 7.940 8.018 7.13 31/12/2019 0.145 0.030 0.055 0.055 0188WA HLT-WA 0.055 -0.010 0.4 0.215 0.200 18.60 27/12/2022
0.175 0.090 0.090 0.090 70346 A50CHIN-C46 0.090 Unch 10 7.940 9.515 23.24 20/02/2020 0.180 0.015 0.020 0.020 5160WA HOMERIZ-WA 0.020 Unch 137 0.660 0.920 42.42 09/07/2020
0.210 0.130 0.175 0.165 70348 A50CHIN-C48 0.165 -0.010 50 7.940 9.355 20.94 31/03/2020 0.315 0.125 0.215 0.185 5160WB HOMERIZ-WB 0.215 0.025 7114.4 0.660 0.540 14.39 03/07/2022
0.410 0.275 0.355 0.335 70350 A50CHIN-C50 0.340 Unch 6210 7.940 8.286 10.78 31/03/2020 0.008 0.003 — — 7013WA HUBLINE-WA 0.005 — — 0.045 3.160 6,933 04/11/2019
0.390 0.200 0.235 0.225 70333 A50CHIN-H33 0.235 0.005 118.7 7.940 7.217 -4.67 31/03/2020 0.015 0.005 0.005 0.005 7013WB HUBLINE-WB 0.005 Unch 1.3 0.045 0.200 355.56 20/12/2020
0.090 0.010 0.015 0.010 5238WA AAX-WA 0.010 Unch 614.4 0.170 0.460 176.47 08/06/2020 0.055 0.020 — — 9601WD HWGB-WD 0.030 — — 0.080 0.320 337.50 15/03/2021
0.080 0.015 0.020 0.020 2488C1 ABMB-C1 0.020 Unch 20 3.050 3.880 29.18 14/02/2020 0.045 0.005 — — 4251WA IBHD-WA 0.005 — — 0.305 1.410 363.93 08/10/2019
0.055 0.050 0.055 0.050 6599CU AEON-CU 0.050 -0.100 0.2 1.480 1.750 27.70 26/03/2020 0.870 0.290 0.420 0.410 9687WB IDEAL-WB 0.410 -0.025 37.5 1.480 1.000 -4.73 30/03/2021
0.200 0.040 0.040 0.040 509983 AIRASIAC83 0.040 Unch 150 1.790 1.971 14.06 31/10/2019 0.020 0.005 — — 0174WA IDMENSN-WA 0.005 — — 0.020 0.200 925.00 14/07/2020
0.275 0.120 0.125 0.125 509985 AIRASIAC85 0.125 0.005 10 1.790 1.711 8.94 20/12/2019 0.140 0.015 0.050 0.050 522512 IHH-C12 0.050 -0.020 140 5.650 5.500 1.77 14/10/2019
0.145 0.040 0.040 0.040 509987 AIRASIAC87 0.040 Unch 900 1.790 2.326 33.78 31/01/2020 0.115 0.050 0.050 0.050 522513 IHH-C13 0.050 -0.020 1 5.650 5.880 8.50 04/11/2019
0.100 0.040 0.050 0.050 509988 AIRASIAC88 0.050 -0.005 74.8 1.790 2.053 21.36 29/05/2020 0.170 0.105 0.115 0.110 522514 IHH-C14 0.110 -0.025 120 5.650 5.400 5.31 31/03/2020
0.065 0.060 0.060 0.060 509991 AIRASIAC91 0.060 -0.005 400 1.790 2.280 36.09 16/03/2020 0.120 0.115 0.120 0.115 522515 IHH-C15 0.115 -0.035 20 5.650 5.600 9.29 15/05/2020
0.090 0.075 0.080 0.080 509992 AIRASIAC92 0.080 0.005 920 1.790 1.950 20.56 31/03/2020 0.125 0.110 0.110 0.110 522516 IHH-C16 0.110 -0.015 10 5.650 6.100 14.78 31/03/2020
0.145 0.125 0.145 0.145 501412 AIRPORT-C12 0.145 0.020 0.2 8.780 8.800 13.44 26/03/2020 0.195 0.075 0.095 0.095 333629 IJM-C29 0.095 -0.010 25 2.220 2.150 9.68 31/03/2020
0.140 0.135 0.140 0.135 501413 AIRPORT-C13 0.135 Unch 119.2 8.780 9.000 14.04 31/03/2020 0.210 0.100 0.100 0.100 333630 IJM-C30 0.100 -0.005 40 2.220 2.000 3.60 29/11/2019
0.105 0.010 0.045 0.045 5014C4 AIRPORT-C4 0.045 Unch 100 8.780 8.350 -0.28 30/09/2019 0.100 0.085 0.085 0.085 333633 IJM-C33 0.085 -0.005 10 2.220 2.550 25.59 31/03/2020
0.185 0.100 0.150 0.150 5014C9 AIRPORT-C9 0.150 -0.005 0.2 8.780 8.000 4.78 30/04/2020 0.105 0.005 — — 16626 INARI-C26 0.005 — — 0.285 1.850 554.39 30/09/2019
0.185 0.055 0.060 0.060 7609WA AJIYA-WA 0.060 -0.005 41.8 0.405 0.920 141.98 28/08/2021 0.410 0.125 0.320 0.310 16633 INARI-C33 0.315 0.010 751.1 1.760 1.300 0.71 31/10/2019
0.070 0.035 0.045 0.040 5115WA ALAM-WA 0.040 -0.005 3072.2 0.100 0.120 60.00 28/03/2022 0.180 0.040 0.095 0.090 16637 INARI-C37 0.095 0.010 180.6 1.760 1.700 7.39 31/12/2019
0.090 0.020 0.030 0.025 101516 AMBANK-C16 0.030 Unch 200 4.130 4.500 11.86 31/03/2020 0.125 0.065 0.070 0.070 16642 INARI-C42 0.070 Unch 0.2 1.760 1.900 17.90 23/01/2020
0.095 0.030 0.045 0.040 0119WA APPASIA-WA 0.040 0.005 436.9 0.095 0.130 78.95 23/12/2024 0.125 0.080 0.105 0.105 16643 INARI-C43 0.105 Unch 2000 1.760 1.780 22.02 31/01/2020
0.260 0.090 0.260 0.225 521051 ARMADA-C51 0.260 0.035 616.5 0.345 0.235 5.80 30/06/2020 0.180 0.120 0.175 0.165 16644 INARI-C44 0.175 0.010 700 1.760 1.500 11.08 31/01/2020
0.130 0.065 0.130 0.125 521052 ARMADA-C52 0.130 0.015 593 0.345 0.300 24.64 11/02/2020 0.125 0.100 0.125 0.125 16645 INARI-C45 0.125 Unch 3426 1.760 1.880 28.13 30/06/2020
0.115 0.075 0.115 0.110 521053 ARMADA-C53 0.115 0.010 300.1 0.345 0.280 14.49 27/04/2020 0.090 0.050 0.090 0.090 16646 INARI-C46 0.090 0.010 480 1.760 1.800 15.06 28/02/2020
0.035 0.005 0.005 0.005 0105WA ASIAPLY-WA 0.005 Unch 158.5 0.065 0.100 61.54 13/12/2020 0.105 0.070 0.105 0.100 16648 INARI-C48 0.100 Unch 4665.1 1.760 1.850 21.02 31/03/2020
0.135 0.075 0.110 0.105 639918 ASTRO-C18 0.110 0.010 0.5 1.420 1.400 10.21 30/06/2020 1.880 0.710 1.240 1.220 0166WB INARI-WB 1.220 Unch 200.8 1.760 0.533 -0.38 17/02/2020
0.285 0.140 0.170 0.160 7579WA AWC-WA 0.160 -0.010 49.6 0.615 0.880 69.11 25/12/2023 0.060 0.010 0.015 0.015 0094WA INIX-WA 0.015 -0.005 415 0.055 0.100 109.09 16/11/2020
0.295 0.090 0.105 0.100 688836 AXIATA-C36 0.105 Unch 3294.5 4.300 3.750 0.64 23/10/2019 0.180 0.025 0.040 0.030 3379WB INSAS-WB 0.035 Unch 926.4 0.805 1.000 28.57 25/02/2020
0.230 0.105 0.110 0.110 688838 AXIATA-C38 0.110 Unch 230 4.300 4.440 18.60 30/04/2020 0.008 0.005 — — 196120 IOICORP-C20 0.005 — — 0.402 5.000 1,149 07/10/2019
0.180 0.050 0.060 0.060 688839 AXIATA-C39 0.060 Unch 1070 4.300 4.880 22.56 31/01/2020 0.020 0.005 — — 0024WB JAG-WB 0.005 — — 0.040 0.150 287.50 15/11/2020
0.100 0.035 0.035 0.035 688844 AXIATA-C44 0.035 Unch 2259.3 4.300 5.380 30.00 14/02/2020 0.685 0.150 0.495 0.480 4723WB JAKS-WB 0.485 -0.010 210.9 0.735 0.640 53.06 13/12/2023
0.120 0.055 0.065 0.065 688845 AXIATA-C45 0.065 -0.005 652.3 4.300 4.880 25.58 28/08/2020 0.170 0.050 0.080 0.080 0111WC K1-WC 0.080 Unch 239.9 0.195 0.300 94.87 30/12/2021
0.330 0.085 0.170 0.170 7078WA AZRB-WA 0.170 Unch 50.6 0.380 0.630 110.53 13/05/2024 0.030 0.015 0.015 0.015 3115WC KBUNAI-WC 0.015 Unch 111.5 0.085 0.131 71.76 20/10/2023
0.485 0.170 0.295 0.290 0098WA BAHVEST-WA 0.295 0.005 1916 0.510 0.430 42.16 20/08/2024 0.345 0.140 0.270 0.270 7161WB KERJAYA-WB 0.270 -0.005 41 1.380 1.600 35.51 28/02/2023
0.095 0.050 0.070 0.065 4162CP BAT-CP 0.070 Unch 600 19.99 23.50 26.26 15/05/2020 0.025 0.005 — — 0036WB KGROUP-WB 0.005 — — 0.035 0.200 485.71 01/05/2020
0.140 0.100 0.115 0.110 4162CQ BAT-CQ 0.110 -0.005 150 20.00 20.00 22.00 28/08/2020 0.400 0.210 0.340 0.260 5171WA KIMLUN-WA 0.340 -0.040 1.3 1.270 1.680 59.06 12/03/2024
0.180 0.060 0.075 0.075 5248C4 BAUTO-C4 0.075 0.005 20 2.300 2.318 10.29 28/02/2020 0.350 0.160 0.190 0.185 5027WB KMLOONG-WB 0.190 0.005 5.9 1.120 1.400 41.96 10/04/2025
0.009 0.004 — — 5248C5 BAUTO-C5 0.005 — — 0.254 2.800 1,008 14/02/2020 0.315 0.010 0.205 0.195 7164WB KNM-WB 0.200 0.005 33497 0.415 1.000 189.16 21/04/2020
0.395 0.115 0.245 0.235 5258WA BIMB-WA 0.235 -0.005 897.5 3.990 4.720 24.19 04/12/2023 0.100 0.010 0.095 0.085 7017WB KOMARK-WB 0.085 -0.010 632.6 0.340 0.230 -7.35 21/01/2020
0.070 0.015 0.020 0.015 6998WA BINTAI-WA 0.020 -0.005 174 0.120 0.200 83.33 15/06/2020 0.110 0.055 0.055 0.055 7153CZ KOSSAN-CZ 0.055 -0.010 400 4.190 4.250 8.00 23/10/2019
0.135 0.055 0.060 0.055 0179WA BIOHLDG-WA 0.055 -0.005 61 0.190 0.220 44.74 05/01/2022 0.040 0.035 0.040 0.035 5878CV KPJ-CV 0.040 -0.110 111.5 0.900 0.980 17.78 29/05/2020
0.070 0.030 0.030 0.030 3395WB BJCORP-WB 0.030 Unch 189 0.260 1.000 296.15 22/04/2022 0.310 0.125 0.150 0.150 9385WA LAYHONG-WA 0.150 Unch 639.9 0.420 0.400 30.95 13/10/2021
0.095 0.050 0.055 0.055 3395WC BJCORP-WC 0.055 Unch 1240 0.260 1.000 305.77 29/05/2026 0.260 0.135 0.160 0.150 8494WB LBICAP-WB 0.150 -0.005 415 0.645 0.500 0.78 24/06/2024
0.200 0.105 0.130 0.125 1562CZ BJTOTO-CZ 0.130 0.010 160 2.700 2.600 5.93 28/02/2020 0.355 0.055 0.060 0.055 5789WB LBS-WB 0.060 -0.010 39.6 0.510 0.560 21.57 04/10/2020
0.025 0.010 0.020 0.015 7036WC BORNOIL-WC 0.020 0.005 1779.3 0.045 0.070 100.00 08/11/2025 0.085 0.010 0.015 0.010 6633CC LHI-CC 0.015 Unch 25.1 0.805 1.100 39.44 31/03/2020
0.045 0.005 — — 7188WA BTM-WA 0.005 — — 0.105 0.940 800.00 20/12/2019 0.040 0.005 0.005 0.005 6633CD LHI-CD 0.005 Unch 100 0.745 1.350 82.21 31/03/2020
0.115 0.030 0.030 0.030 181826 BURSA-C26 0.030 Unch 20 6.050 6.880 16.20 14/02/2020 0.185 0.170 0.175 0.175 6633CL LHI-CL 0.175 Unch 20 0.805 0.750 14.91 28/08/2020
0.675 0.225 0.225 0.225 7174WA CAB-WA 0.225 -0.025 1 0.405 0.170 -2.47 08/02/2020 0.075 0.070 0.075 0.070 6633CM LHI-CM 0.075 Unch 280 0.805 0.900 24.84 30/04/2020
0.435 0.150 0.230 0.200 7154WA CAELY-WA 0.220 0.010 293.5 0.410 0.190 0.00 22/04/2021 0.126 0.005 — — 7126WA LONBISC-WA 0.005 — — 0.105 0.800 666.67 26/01/2020
0.130 0.005 — — 7076WA CBIP-WA 0.005 — — 0.485 2.400 395.88 06/11/2019 0.350 0.135 0.215 0.180 7617WB MAGNA-WB 0.180 -0.025 6 1.050 0.900 2.86 04/09/2020
0.205 0.070 0.095 0.090 7035WA CCK-WA 0.095 Unch 130 0.500 0.900 99.00 18/06/2023 0.125 0.055 0.060 0.060 858321 MAHSING-C21 0.060 0.005 79.9 0.785 0.880 19.75 28/08/2020
0.045 0.005 — — 5195WB CENSOF-WB 0.005 — — 0.125 0.460 272.00 07/10/2019 0.075 0.005 0.005 0.005 8583WC MAHSING-WC 0.005 -0.005 100 0.400 2.100 426.25 21/02/2020
0.430 0.110 0.210 0.190 8125WB DAIBOCI-WB 0.205 -0.025 33 1.710 2.500 58.19 19/06/2022 0.025 0.005 — — 526420 MALAKOFC20 0.005 — — 0.212 1.000 375.24 30/09/2019
0.440 0.175 0.250 0.245 5276WA DANCO-WA 0.245 Unch 143.2 0.500 0.300 9.00 22/05/2022 0.260 0.045 0.050 0.045 5236WA MATRIX-WA 0.050 -0.005 174.3 1.900 2.400 28.95 20/07/2020
0.140 0.030 0.075 0.065 3484WA DBHD-WA 0.075 Unch 134 0.405 0.580 61.73 27/11/2020 0.090 0.040 0.060 0.060 601210 MAXIS-C10 0.060 0.005 6.9 5.700 5.600 3.51 31/12/2019
0.070 0.005 0.010 0.010 0152WB DGB-WB 0.010 Unch 231.6 0.095 0.120 36.84 27/06/2021 0.140 0.065 0.105 0.095 601212 MAXIS-C12 0.105 0.005 701 5.700 5.400 3.95 29/11/2019
0.085 0.040 0.055 0.050 727744 DIALOG-C44 0.050 0.010 198.2 3.480 3.400 3.45 31/12/2019 0.125 0.080 0.120 0.115 601214 MAXIS-C14 0.120 0.010 180 5.700 5.580 8.42 28/02/2020
0.140 0.060 0.060 0.060 727745 DIALOG-C45 0.060 -0.005 10 3.480 3.600 7.76 31/10/2019 0.005 0.005 — — 5189WA MAXWELL-WA 0.005 — — 0.010 0.400 3,950 24/03/2020
0.205 0.140 0.165 0.160 727747 DIALOG-C47 0.160 -0.005 0.4 3.480 3.150 4.31 31/03/2020 0.145 0.050 0.055 0.055 115557 MAYBANKC57 0.055 0.005 0.1 8.640 9.300 10.82 20/12/2019
0.005 0.005 — — 727751 DIALOG-C51 0.005 — — 0.267 3.680 1,287 30/04/2020 0.060 0.035 0.040 0.035 115559 MAYBANKC59 0.035 -0.005 107.5 8.640 9.000 7.81 30/04/2020
0.140 0.050 0.055 0.055 694729 DIGI-C29 0.055 0.005 50.4 4.760 4.800 5.46 31/03/2020 0.150 0.125 0.145 0.145 115560 MAYBANKC60 0.145 Unch 400 8.640 8.880 11.17 31/03/2020
0.140 0.060 0.095 0.090 694730 DIGI-C30 0.095 Unch 449.9 4.760 4.600 8.61 30/04/2020 0.535 0.250 0.420 0.415 5152WA MBL-WA 0.420 0.025 12 1.240 0.800 -1.61 28/11/2022
0.160 0.050 0.075 0.070 694732 DIGI-C32 0.075 -0.005 602.6 4.760 5.000 12.13 06/01/2020 0.500 0.180 0.380 0.380 5983CI MBMR-CI 0.380 -0.005 100 4.140 3.880 12.08 11/02/2020
0.090 0.040 0.050 0.050 694734 DIGI-C34 0.050 Unch 0.5 4.760 5.550 21.32 28/02/2020 0.365 0.130 0.290 0.275 5983CJ MBMR-CJ 0.280 -0.005 408.3 4.140 3.180 3.86 30/04/2020
0.040 0.015 — — 0029WB DIGISTA-WB 0.020 — — 0.045 0.260 522.22 04/04/2023 0.185 0.140 0.150 0.150 5983CK MBMR-CK 0.150 Unch 320 4.140 4.600 27.42 31/03/2020
0.150 0.045 0.070 0.060 4456WD DNEX-WD 0.070 0.005 13631 0.290 0.500 96.55 30/07/2021 0.105 0.045 — — 5040WA MERIDIAN-WA 0.085 — — 0.070 0.500 735.71 13/08/2021
0.415 0.100 0.130 0.130 7114WA DNONCE-WA 0.130 Unch 100 0.380 0.250 0.00 25/11/2020 0.030 0.005 — — 5040WB MERIDIAN-WB 0.015 — — 0.070 0.900 1,208 22/04/2022
0.060 0.015 0.020 0.020 5265WA DOLPHIN-WA 0.020 -0.005 88.1 0.100 0.800 720.00 29/03/2021 0.035 0.005 0.010 0.010 5040WC MERIDIAN-WC 0.010 Unch 639.2 0.070 0.800 1,058 24/08/2024
0.590 0.095 0.310 0.310 161970 DRBHCOMC70 0.310 Unch 45 2.440 1.800 -0.82 31/10/2019 0.200 0.050 0.200 0.195 7234WA MESB-WA 0.200 0.005 640.6 0.410 0.300 21.95 27/12/2022
0.330 0.065 0.160 0.155 161975 DRBHCOMC75 0.155 Unch 305 2.440 2.000 1.02 31/12/2019 1.940 1.010 1.650 1.580 3069WA MFCB-WA 1.630 0.050 137.2 3.860 2.220 -0.26 08/04/2020
0.230 0.070 0.075 0.075 161976 DRBHCOMC76 0.075 Unch 400 2.440 2.380 6.76 14/10/2019 0.570 0.125 0.280 0.265 3662WC MFLOUR-WC 0.265 Unch 314.2 0.585 0.680 61.54 23/01/2024
0.320 0.110 0.160 0.150 161977 DRBHCOMC77 0.150 -0.005 1235 2.440 2.100 4.51 26/11/2019 0.230 0.025 0.075 0.065 5286CD MI-CD 0.065 Unch 435 2.170 2.250 17.17 26/11/2019
0.285 0.060 0.130 0.130 161979 DRBHCOMC79 0.130 0.005 80 2.440 2.200 6.15 28/02/2020 0.165 0.085 0.130 0.130 381621 MISC-C21 0.130 -0.005 201.8 7.780 7.000 4.18 26/11/2019
0.240 0.095 0.105 0.100 161980 DRBHCOMC80 0.100 -0.005 1200.2 2.440 2.500 14.75 23/12/2019 0.105 0.050 0.105 0.075 381623 MISC-C23 0.100 Unch 26.4 7.780 7.500 5.40 29/05/2020
0.215 0.075 0.085 0.080 161981 DRBHCOMC81 0.080 -0.005 345 2.440 2.700 19.84 20/12/2019 0.140 0.050 0.065 0.065 9571WE MITRA-WE 0.065 Unch 0.4 0.285 0.940 252.63 17/04/2023
0.310 0.090 0.145 0.140 161982 DRBHCOMC82 0.145 0.005 82.6 2.440 2.100 3.89 29/11/2019 0.010 0.003 — — 0085WB MLAB-WB 0.005 — — 0.040 0.150 287.50 10/09/2020
0.260 0.115 0.145 0.145 161983 DRBHCOMC83 0.145 0.005 59.9 2.440 2.100 9.84 29/05/2020 0.120 0.055 0.110 0.100 0034WB MMAG-WB 0.100 -0.010 193.5 0.275 0.200 9.09 27/11/2022
0.195 0.075 0.080 0.075 161986 DRBHCOMC86 0.075 Unch 2051 2.440 3.080 34.84 31/03/2020 0.125 0.095 0.100 0.100 219414 MMCCORPC14 0.100 0.005 90 1.070 1.200 30.84 31/07/2020
0.265 0.130 0.135 0.130 161987 DRBHCOMC87 0.130 Unch 60 2.440 2.480 17.62 30/04/2020 0.025 0.005 0.020 0.015 0103WA MNC-WA 0.015 Unch 6199.2 0.115 0.100 0.00 05/11/2021
0.210 0.090 0.095 0.095 161988 DRBHCOMC88 0.095 0.005 40 2.440 2.880 29.71 08/05/2020 0.070 0.040 0.070 0.060 0103WB MNC-WB 0.060 -0.005 517.2 0.115 0.060 4.35 05/09/2024
0.085 0.065 0.065 0.065 161990 DRBHCOMC90 0.065 Unch 500 2.440 3.380 45.18 31/03/2020 0.025 0.005 — — 0070WA MQTECH-WA 0.005 — — 0.025 0.100 320.00 21/11/2021
0.145 0.135 0.135 0.135 161992 DRBHCOMC92 0.135 Unch 260 2.440 2.300 12.52 16/03/2020 0.375 0.010 0.035 0.035 165141 MRCB-C41 0.035 -0.005 200 0.735 0.800 13.61 29/11/2019
0.450 0.050 0.435 0.425 5216WA DSONIC-WA 0.430 0.010 2717.3 0.920 1.090 65.22 05/07/2023 0.105 0.045 0.075 0.075 165152 MRCB-C52 0.075 0.005 200 0.735 0.980 46.60 30/04/2020
0.850 0.170 0.210 0.195 7165WA DWL-WA 0.205 -0.005 497.5 0.545 0.600 47.71 07/04/2021 0.105 0.090 0.090 0.090 165155 MRCB-C55 0.090 -0.015 0.2 0.735 0.780 24.49 27/04/2020
0.015 0.005 — — 0154WD EAH-WD 0.005 — — 0.010 0.050 450.00 25/10/2022 0.370 0.180 0.220 0.215 1651WB MRCB-WB 0.220 -0.005 215.9 0.735 1.250 100.00 29/10/2027
0.320 0.070 0.210 0.195 5253WA ECONBHD-WA 0.200 -0.005 2378.6 0.780 1.250 85.90 02/01/2023 0.030 0.005 0.010 0.005 0092WB MTOUCHE-WB 0.010 Unch 456.2 0.080 0.480 512.50 16/03/2020
0.030 0.010 0.015 0.010 8206CV ECOWLD-CV 0.015 Unch 2569 0.645 0.880 41.09 30/04/2020 0.045 0.005 0.015 0.015 0092WC MTOUCHE-WC 0.015 Unch 579.8 0.080 0.200 168.75 02/11/2020
0.300 0.120 0.145 0.140 8206WA ECOWLD-WA 0.140 -0.005 147.2 0.645 2.080 244.19 26/03/2022 0.040 0.010 0.015 0.010 0043WA MTRONIC-WA 0.015 Unch 4745 0.055 0.080 72.73 16/04/2022
0.080 0.030 0.050 0.045 7471WB EDEN-WB 0.050 Unch 419.9 0.145 0.300 141.38 13/08/2021 0.010 0.005 — — 5703CJ MUHIBAH-CJ 0.005 — — 0.309 3.880 1,162 07/10/2019
0.140 0.110 0.140 0.140 1368CH EDGENTA-CH 0.140 0.005 40 3.370 3.300 10.39 29/05/2020 0.390 0.115 0.185 0.185 13860 MYEG-C60 0.185 -0.010 0.6 1.440 1.100 2.08 29/11/2019
0.300 0.060 0.080 0.075 8907WC EG-WC 0.080 -0.005 55 0.395 0.500 46.84 03/11/2020 0.220 0.060 0.060 0.060 13861 MYEG-C61 0.060 -0.005 700 1.440 1.300 2.78 30/09/2019
0.095 0.040 0.040 0.040 8877CU EKOVEST-CU 0.040 Unch 2448.6 0.805 1.100 48.57 20/12/2019 0.240 0.085 0.090 0.090 13863 MYEG-C63 0.090 -0.005 110 1.440 1.200 2.08 23/10/2019
0.165 0.090 0.090 0.090 8877CV EKOVEST-CV 0.090 Unch 400 0.805 1.080 62.11 09/12/2019 0.195 0.015 0.020 0.015 13865 MYEG-C65 0.020 Unch 86 1.440 1.500 8.06 30/09/2019
0.145 0.075 0.090 0.085 8877CX EKOVEST-CX 0.090 Unch 232.5 0.805 0.880 31.68 30/04/2020 0.200 0.080 0.080 0.080 13866 MYEG-C66 0.080 -0.005 20 1.440 1.350 10.42 29/11/2019
0.155 0.100 0.100 0.100 8877CY EKOVEST-CY 0.100 Unch 683.1 0.805 0.830 27.95 29/05/2020 0.240 0.100 0.115 0.110 13871 MYEG-C71 0.115 Unch 220 1.440 1.350 9.72 29/11/2019
0.325 0.090 0.100 0.100 5283WA EWINT-WA 0.100 Unch 140 0.635 1.450 144.09 04/04/2022 0.150 0.050 0.060 0.060 13873 MYEG-C73 0.060 -0.005 5 1.440 1.500 20.83 30/04/2020
0.050 0.005 — — 06505W FBMKLCI-C5W 0.005 — — 322.55 1,730 437.44 30/09/2019 0.140 0.085 0.090 0.090 13877 MYEG-C77 0.090 -0.005 3410 1.440 1.750 39.03 31/03/2020
0.125 0.055 0.055 0.055 06505Z FBMKLCI-C5Z 0.055 -0.010 18 1,596 1,688 9.19 31/01/2020 0.075 0.040 0.040 0.040 13878 MYEG-C78 0.040 Unch 200 1.440 1.980 45.83 28/02/2020
0.080 0.005 — — 06507A FBMKLCI-C7A 0.005 — — 323.53 1,650 411.08 31/10/2019 0.095 0.055 0.060 0.055 13879 MYEG-C79 0.055 Unch 449.8 1.440 2.080 55.14 31/03/2020
0.110 0.020 0.020 0.020 06507B FBMKLCI-C7B 0.020 Unch 170 1,277 1,625 28.32 29/11/2019 0.115 0.115 0.115 0.115 13882 MYEG-C82 0.115 Unch 210 1.440 1.450 23.06 31/03/2020
0.150 0.100 0.105 0.100 06507D FBMKLCI-C7D 0.100 Unch 26 1,596 1,690 7.75 31/12/2019 0.305 0.170 0.205 0.200 0108WB N2N-WB 0.205 0.005 32 0.735 0.830 40.82 08/01/2024
0.145 0.035 0.065 0.065 06508D FBMKLCI-H8D 0.065 Unch 290 1,596 1,625 4.65 29/11/2019 0.008 0.003 — — 0096WA NEXGRAM-WA 0.005 — — 0.015 0.100 600.00 16/05/2022
0.175 0.105 0.140 0.140 06508K FBMKLCI-H8K 0.140 0.005 300 1,596 1,689 14.58 30/06/2020 0.010 0.005 — — 0096WB NEXGRAM-WB 0.005 — — 0.015 0.260 1,667 21/07/2023
0.575 0.145 0.160 0.155 522267 FGV-C67 0.160 0.005 98.7 0.930 0.800 3.23 31/10/2019 0.015 0.005 0.005 0.005 0096WC NEXGRAM-WC 0.005 Unch 1925.6 0.015 0.100 600.00 15/01/2024
0.150 0.025 0.030 0.025 522276 FGV-C76 0.025 Unch 141 0.930 1.150 29.03 28/02/2020 0.335 0.060 0.130 0.125 7241WA NGGB-WA 0.125 Unch 623.5 0.395 0.600 83.54 18/10/2020
0.060 0.015 0.020 0.020 522277 FGV-C77 0.020 0.005 132 0.930 1.380 54.84 31/01/2020 0.045 0.010 0.030 0.025 7139WB NICE-WB 0.030 Unch 410 0.055 0.060 63.64 22/01/2024
0.085 0.025 0.030 0.030 522278 FGV-C78 0.030 0.005 820 0.930 1.180 35.59 31/01/2020 0.095 0.045 0.055 0.050 7215WB NIHSIN-WB 0.055 Unch 1064.4 0.155 0.138 24.52 13/05/2022
0.135 0.120 0.130 0.120 522281 FGV-C81 0.120 -0.005 975 0.930 0.950 20.22 31/03/2020 0.375 0.150 0.195 0.190 0083WC NOTION-WC 0.195 Unch 126.4 0.535 0.840 93.46 14/03/2023
0.035 0.015 — — 0150WB FINTEC-WB 0.015 — — 0.045 0.150 266.67 03/12/2022 0.150 0.060 0.130 0.115 0172WA OCK-WA 0.115 -0.010 6898.8 0.625 0.710 32.00 15/12/2020
0.190 0.125 0.190 0.180 0128CA FRONTKN-CA 0.185 Unch 3051.3 1.740 1.380 11.21 30/06/2020 0.100 0.020 0.020 0.020 7071WC OCR-WC 0.020 -0.005 209 0.245 0.500 112.24 24/07/2021
0.140 0.090 0.140 0.130 0128CB FRONTKN-CB 0.140 0.005 1899.1 1.740 1.680 20.69 30/06/2020 0.125 0.045 0.060 0.060 7071WD OCR-WD 0.060 0.005 50 0.245 0.220 14.29 18/02/2022
0.110 0.070 0.100 0.095 0128CD FRONTKN-CD 0.095 Unch 1403 1.740 1.880 24.43 31/03/2020 0.145 0.020 0.045 0.040 0079WA ORION-WA 0.040 Unch 199.3 0.075 0.170 180.00 26/07/2022
0.125 0.105 0.105 0.105 0128CE FRONTKN-CE 0.105 Unch 13.7 1.740 1.750 18.68 26/03/2020 0.130 0.020 0.025 0.025 5053WC OSK-WC 0.025 Unch 26 0.930 1.200 31.72 22/07/2020
0.095 0.075 0.095 0.090 0128CF FRONTKN-CF 0.095 0.005 4774.8 1.740 2.180 41.67 16/03/2020 0.365 0.100 0.165 0.155 5260WA OWG-WA 0.160 Unch 885 0.545 0.800 76.15 29/09/2023
3.000 0.580 2.580 2.340 7184WA G3-WA 2.540 0.290 73.8 2.840 0.100 -7.04 02/10/2022 0.240 0.190 0.215 0.195 8419WA PANSAR-WA 0.215 Unch 12.3 0.475 0.630 77.89 06/06/2023
0.450 0.075 0.210 0.205 9261WB GADANG-WB 0.210 -0.005 357 0.705 1.060 80.14 29/11/2021 0.150 0.045 0.075 0.075 5125WA PANTECH-WA 0.075 Unch 20 0.495 0.500 16.16 21/12/2020
0.285 0.175 0.185 0.185 539868 GAMUDA-C68 0.185 Unch 30 3.550 3.050 11.97 31/03/2020 0.160 0.060 0.110 0.090 5125WB PANTECH-WB 0.110 -0.010 6.5 0.495 0.500 23.23 21/12/2021
0.260 0.120 0.130 0.130 539869 GAMUDA-C69 0.130 Unch 500 3.550 3.250 6.20 29/11/2019 0.080 0.030 0.045 0.045 5022WA PAOS-WA 0.045 -0.005 1.5 0.340 0.500 60.29 14/12/2021
0.125 0.100 0.105 0.100 539876 GAMUDA-C76 0.105 0.005 80 3.550 4.000 25.99 30/04/2020 0.305 0.200 0.210 0.210 1724WA PARAMON-WA 0.210 Unch 13.5 1.320 1.790 51.52 28/07/2024
0.520 0.125 0.275 0.270 5398WE GAMUDA-WE 0.270 -0.005 468 3.550 4.050 21.69 06/03/2021 0.055 0.025 0.030 0.030 7225WB PA-WB 0.030 -0.005 1386.3 0.060 0.060 50.00 17/12/2022
0.520 0.135 0.380 0.375 5226WB GBGAQRS-WB 0.375 -0.005 278.4 1.290 1.120 15.89 26/09/2023 0.150 0.005 — — 129530 PBBANK-C30 0.005 — — 2.332 26.500 1,040 23/10/2019
0.225 0.065 0.115 0.115 5102CB GCB-CB 0.115 -0.010 400 4.030 3.650 3.41 23/10/2019 0.100 0.010 0.015 0.010 129533 PBBANK-C33 0.010 Unch 294.5 13.440 23.000 72.25 31/01/2020
0.200 0.040 0.045 0.045 5102CE GCB-CE 0.045 -0.020 119 4.030 4.180 8.19 07/10/2019 0.315 0.035 0.165 0.155 6068WA PCCS-WA 0.160 Unch 2291.5 0.420 0.600 80.95 25/12/2022
0.250 0.050 0.145 0.135 5102CF GCB-CF 0.135 Unch 524.5 4.030 3.500 0.25 14/10/2019 0.200 0.005 — — 518330 PCHEM-C30 0.005 — — 2.487 8.900 259.17 23/10/2019
0.160 0.130 0.145 0.140 5102CG GCB-CG 0.140 Unch 789.4 4.030 4.100 19.11 15/05/2020 0.085 0.010 0.015 0.015 518333 PCHEM-C33 0.015 Unch 50 7.700 8.880 17.08 31/01/2020
0.145 0.125 0.135 0.135 5102CH GCB-CH 0.135 Unch 40 4.030 4.380 24.43 31/03/2020 0.075 0.020 0.045 0.045 518334 PCHEM-C34 0.045 Unch 50 7.700 8.880 20.00 30/06/2020
0.060 0.025 0.030 0.025 0078CO GDEX-CO 0.025 -0.005 501.5 0.295 0.350 27.12 28/02/2020 0.085 0.040 0.085 0.085 518336 PCHEM-C36 0.085 Unch 1000 7.700 8.180 13.96 07/02/2020
0.190 0.025 0.035 0.030 0078WB GDEX-WB 0.030 -0.005 1023.9 0.295 0.383 39.83 05/02/2020 0.115 0.060 0.115 0.110 518337 PCHEM-C37 0.115 Unch 920 7.700 7.800 11.01 26/03/2020
0.300 0.030 0.045 0.030 471550 GENM-C50 0.040 -0.005 983.6 3.060 3.077 4.37 31/10/2019 0.170 0.090 0.160 0.155 518338 PCHEM-C38 0.160 Unch 365.9 7.700 6.950 6.88 15/05/2020
0.250 0.060 0.065 0.060 471552 GENM-C52 0.060 -0.010 216 3.060 2.813 1.50 30/09/2019 0.120 0.100 0.120 0.115 518339 PCHEM-C39 0.120 Unch 120 7.700 7.600 11.17 29/05/2020
0.150 0.020 0.020 0.020 471554 GENM-C54 0.020 -0.005 461 3.060 3.565 19.05 31/12/2019 0.185 0.115 0.180 0.180 518340 PCHEM-C40 0.180 Unch 30 7.700 7.300 8.83 31/03/2020
0.150 0.015 0.015 0.015 471556 GENM-C56 0.015 -0.005 590 3.060 3.500 16.58 26/11/2019 0.165 0.145 0.160 0.160 518341 PCHEM-C41 0.160 -0.005 49.6 7.700 7.380 12.47 28/08/2020
0.250 0.060 0.065 0.060 471557 GENM-C57 0.060 -0.005 1991.7 3.060 3.300 15.69 28/02/2020 0.200 0.060 0.075 0.075 9997WB PENSONI-WB 0.075 0.005 0.1 0.395 0.600 70.89 20/01/2024
0.185 0.010 0.015 0.010 471558 GENM-C58 0.010 -0.005 1370.1 3.060 3.650 20.33 31/10/2019 0.400 0.195 0.400 0.400 7160CA PENTA-CA 0.400 0.035 210 4.140 2.700 3.86 29/05/2020
0.175 0.050 0.050 0.050 471559 GENM-C59 0.050 -0.005 170.1 3.060 3.880 32.52 28/02/2020 0.365 0.170 0.365 0.365 7160CB PENTA-CB 0.365 0.045 45 4.140 2.920 5.80 29/05/2020
0.100 0.065 0.065 0.065 471560 GENM-C60 0.065 -0.005 103 3.060 4.280 47.52 31/03/2020 0.300 0.160 0.300 0.270 7160CC PENTA-CC 0.290 0.020 1059.6 4.140 3.400 6.64 31/01/2020
0.150 0.125 0.130 0.125 471563 GENM-C63 0.125 -0.005 2930.8 3.060 3.400 26.63 30/04/2020 0.200 0.115 0.200 0.185 7160CD PENTA-CD 0.200 0.020 416 4.140 3.500 6.28 20/02/2020
0.090 0.065 0.065 0.065 471564 GENM-C64 0.065 Unch 40 3.060 3.400 19.61 15/05/2020 0.265 0.125 0.265 0.240 7160CE PENTA-CE 0.255 0.020 1649.4 4.140 3.400 6.76 28/02/2020
0.145 0.115 0.120 0.115 471565 GENM-C65 0.115 -0.010 230 3.060 2.900 9.80 29/05/2020 0.210 0.110 0.210 0.190 7160CF PENTA-CF 0.200 0.020 1980.1 4.140 3.880 10.63 16/03/2020
0.110 0.090 0.090 0.090 471567 GENM-C67 0.090 -0.020 0.2 3.060 3.300 19.61 27/04/2020 0.215 0.145 0.215 0.200 7160CG PENTA-CG 0.205 0.020 392.3 4.140 4.080 14.89 13/03/2020
0.125 0.035 0.035 0.035 2291CI GENP-CI 0.035 -0.005 100 9.990 10.500 7.91 29/11/2019 0.120 0.005 0.005 0.005 8311WC PESONA-WC 0.005 -0.005 31.2 0.215 0.250 18.60 27/01/2020
0.375 0.010 0.010 0.010 318265 GENTINGC65 0.010 Unch 20.1 1.680 7.880 370.24 04/11/2019 0.100 0.020 0.035 0.035 5681CY PETDAG-CY 0.035 -0.005 9.7 23.460 25.000 11.04 31/01/2020
0.165 0.010 0.015 0.010 318268 GENTINGC68 0.015 Unch 400 5.770 6.600 15.68 29/11/2019 0.120 0.015 0.040 0.040 6033CT PETGAS-CT 0.040 0.005 0.1 16.540 17.880 11.73 31/01/2020
0.130 0.030 0.030 0.030 318270 GENTINGC70 0.030 Unch 296.9 5.770 6.700 19.76 30/04/2020 0.130 0.050 0.130 0.120 6033CU PETGAS-CU 0.130 0.030 13.7 16.540 16.000 4.59 30/06/2020
0.150 0.030 0.035 0.030 318272 GENTINGC72 0.030 -0.005 360.4 5.770 6.680 18.89 14/02/2020 0.160 0.075 0.135 0.135 886927 PMETAL-C27 0.135 -0.005 0.2 4.930 4.300 0.91 31/12/2019
0.100 0.070 0.075 0.070 318275 GENTINGC75 0.075 -0.005 104 5.770 6.300 16.98 15/05/2020 0.175 0.150 0.170 0.170 886930 PMETAL-C30 0.170 Unch 50 4.930 4.880 16.23 28/08/2020
0.245 0.085 0.105 0.100 0039WC GFM-WC 0.105 0.005 1802.1 0.350 0.380 38.57 28/01/2022 0.130 0.110 0.130 0.125 886931 PMETAL-C31 0.125 -0.005 0.4 4.930 5.000 11.56 30/06/2020
0.170 0.040 0.045 0.045 5220WA GLOTEC-WA 0.045 Unch 6.2 0.375 0.720 104.00 17/12/2021 0.150 0.140 0.150 0.145 886933 PMETAL-C33 0.150 Unch 110 4.930 4.600 8.52 15/05/2020
0.270 0.050 0.270 0.260 0082WB GPACKET-WB 0.270 0.005 68432 0.725 0.400 -7.59 24/11/2023 0.620 0.395 0.580 0.540 7088WB POHUAT-WB 0.560 0.025 466.1 1.560 1.000 0.00 21/10/2020
0.070 0.015 0.045 0.040 7096WA GPA-WA 0.045 -0.005 2558 0.115 0.100 26.09 03/06/2025 0.240 0.005 0.010 0.010 463433 POS-C33 0.010 Unch 763.9 1.720 2.000 17.44 31/10/2019
0.140 0.065 0.110 0.095 7022C1 GTRONIC-C1 0.100 0.015 1353.7 1.840 1.880 13.04 14/02/2020 0.115 0.025 0.045 0.045 463435 POS-C35 0.045 -0.005 2444 1.720 1.900 20.93 20/12/2019
0.105 0.065 0.075 0.075 7022CX GTRONIC-CX 0.075 0.010 21 1.840 2.080 25.27 06/01/2020 0.150 0.110 0.140 0.135 463437 POS-C37 0.135 -0.005 370.3 1.720 1.600 16.57 27/04/2020
0.150 0.120 0.130 0.120 7022CY GTRONIC-CY 0.120 -0.015 0.4 1.840 1.700 11.96 23/01/2020 0.215 0.210 0.215 0.210 463439 POS-C39 0.210 Unch 60 1.720 1.300 12.21 30/04/2020
0.120 0.030 0.040 0.035 7676WB GUNUNG-WB 0.040 0.005 25.5 0.290 0.400 51.72 02/10/2020 0.210 0.040 0.110 0.090 8966WA PRLEXUS-WA 0.090 -0.020 76.6 0.635 1.200 103.15 14/06/2021
0.100 0.010 0.030 0.030 516822 HARTA-C22 0.030 0.010 26.1 5.290 5.400 4.91 29/11/2019 0.100 0.035 0.060 0.060 5070WA PRTASCO-WA 0.060 0.010 1 0.250 0.750 224.00 25/04/2023
0.210 0.100 0.115 0.115 516824 HARTA-C24 0.115 0.005 930 5.290 4.800 2.69 26/11/2019 0.080 0.010 0.035 0.035 7145WA PSIPTEK-WA 0.035 -0.005 2281 0.140 0.100 -3.57 16/11/2019
0.170 0.005 0.075 0.075 516825 HARTA-C25 0.075 Unch 40 5.290 5.000 1.61 14/10/2019 0.135 0.025 0.040 0.030 0186WA PTRANS-WA 0.030 -0.010 2288.9 0.210 0.235 26.19 19/09/2020
0.170 0.075 0.105 0.100 516826 HARTA-C26 0.105 Unch 701.6 5.290 5.000 4.44 29/11/2019 0.120 0.040 0.040 0.040 0007WA PUC-WA 0.040 Unch 23 0.070 0.100 100.00 25/12/2024
0.295 0.200 0.250 0.250 7105WA HCK-WA 0.250 Unch 15 1.260 0.960 -3.97 26/09/2027 0.760 0.210 0.685 0.680 7237WA PWROOT-WA 0.685 0.010 225 2.050 1.540 8.54 24/07/2023
0.170 0.030 0.035 0.035 432410 HENGYUANC10 0.035 Unch 600.2 4.860 6.300 36.83 23/12/2019 0.070 0.005 — — 7498WB RALCO-WB 0.005 — — 0.225 1.000 346.67 13/12/2019
0.190 0.040 0.045 0.040 5072WB HIAPTEK-WB 0.045 0.005 196.7 0.195 0.500 179.49 23/06/2021 0.135 0.040 0.050 0.045 5256WA REACH-WA 0.050 Unch 561 0.195 0.750 310.26 12/08/2022
0.110 0.075 0.075 0.075 5199C2 HIBISCS-C2 0.075 -0.015 10 0.985 1.200 37.06 30/06/2020 0.730 0.330 0.625 0.610 0200WA REVENUE-WA 0.615 0.005 838.5 1.490 1.250 25.17 14/01/2024
0.070 0.050 0.055 0.055 5199C5 HIBISCS-C5 0.055 -0.005 1025 0.985 1.230 38.83 31/03/2020 0.105 0.055 0.060 0.060 8567WB SALCON-WB 0.060 Unch 690.3 0.225 0.300 60.00 19/07/2025
FRIDAY S E P T E MBE R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Japan — Nikkei climbs close to this
year’s peak after Fed rate cut
TOKYO: Japanese shares rallied to close in
on this year’s peaks yesterday, with domestic
demand-led shares leading gains after a rate
cut by the US Federal Reserve (Fed) helped
boost risk sentiment.
The Nikkei Share Average rose as much
as 1.34% to 22,255.56 points, edging near its
year-to-date high of 22,362 hit in late August.
It closed up 0.38% at 22,044.45.
The broader Topix gained up to 1.24%
to 1,626.52, coming within reach of its Aug
17 peak of 1,633.96. It ended 0.56% higher
at 1,615.66.
The market’s gains were trimmed after
the Bank of Japan (BoJ) kept its policy on
hold, a widely expected decision but still
disappointing some players who had bet
the BoJ to act in step with the Fed and the
European Central Bank in easing.
The Fed cut interest rates for a second
time this year, although it signalled further
rate cuts are unlikely as the labour market
remains strong.
Japanese index players were taking
profits as the indices neared the peaks, while
other players were rebalancing into shares
dependent on domestic demand. Among
them, Recruit Holdings Co Ltd gained 3.1%,
while Mitsubishi Estate Co Ltd rose 2%.
High-yielding power company shares
were also bought after the US interest rate cut.
Kansai Electric Power Co Inc rose 2.7% and
Nikkei 225
Index points
24500
20400
16300
10,172.06
22,044.45
12200 +83.74
Markets 2 9
G L O B A L M A R K E T S . B U R S A M A L AY S I A E Q U I T Y D E R I VAT I V E S
Chubu Electric Power Co Inc gained 1.7%.Federal Reserve (Fed) policymakers cut Expectations of lower rates have supported
Railway operators were also in favour.
interest rates by a quarter of a percentage Wall Street’s rally this year, with the benchmark
Keisei Electric Railway Co Ltd closed at a
point, as expected, but gave mixed signals S&P 500 up almost 20% year to date and about
near three-decade high, ending 1.6% higher.
about their next move. 1% below its record high close in July.
Odakyu Electric Railway Co Ltd rose 2.4%. With continued economic growth and The Dow Jones Industrial Average rose
Despite lingering worries about the US-
strong hiring “the most likely outcomes,” 0.13% to end at 27,147.08 points, while the
China trade war, hopes that the worst may
the Fed nevertheless cited “uncertainties” S&P 500 gained 0.03% to 3,006.73. The Nasdaq
be over soon are supporting the market, about the outlook and pledged to “act as Composite dropped 0.11% to 8,177.39.
especially in the battered semi-conductor
appropriate” to sustain the expansion. Six of the 11 major S&P sectors climbed,
sector. Advantest Corp rose 1.5% and Shin- New projections showed policymakers led by a 0.5% increase in the S&P utilities
Etsu Chemical Co Ltd went up 0.6%. at the median expected rates to stay within index and a 0.4% rise in the financial index.
Broader electronics makers also did well,
the new range through 2020, bad news for The interest-rate sensitive S&P 500
with Fujitsu rising as much as 3.3% to hit a
investors hoping for additional cuts to help banks index rose 0.7%. The central bank
21-month high and Oki Electric Industry Co
blunt global economic fallout from the US- also widened the gap between the interest
Ltd gaining 1.8%. China trade war. it pays banks on excess reserves and the
Still, while signs that Washington and Stocks sold off immediately after the Fed’s top of its policy rate range, a step taken to
Beijing are ready to resume their trade talks
announcement but rebounded during Fed smooth out problems in money markets that
have helped to ease investor sentiment in
chairman Jerome Powell’s press conference. prompted a market intervention by the New
recent weeks, many market players are not
He told reporters the Fed was prepared to York Fed this week.
convinced how far the Nikkei’s rally canbe “aggressive” if necessary. FedEx shares tumbled 12.9%, posting their
continue. “He did a very good job conveying the deepest one-day percentage drop since the
“In the past, you were better off selling
view that this was a mid-cycle adjustment, financial crisis after the company blamed
when the market has risen on hopes of a but that obviously the Fed is ready to act if US-China trade tensions and a split with
trade deal,” said Naoya Oshikubo, seniorit needs to do more,” said Mike O’Rourke, Amazon.com Inc for its dismal full-year
manager of research at Sumitomo Mitsui chief market strategist at JonesTrading. profit forecast.
Trust Asset Management. The late-session rebound could be partly Roku slumped 13.7% after Comcast Corp
Japan Tobacco bucked yesterday’s trend,
the result of short sellers covering their said it will offer its own streaming media
falling 0.7% after India banned the sale of
positions after the earlier dip, O’Rourke said. set top box for free to its US Internet-only
electronic cigarettes. Of the stock bounce, Cherry Lane customers.
Investments partner Rick Meckler said, “The Beyond Meat dropped 3.9% after
US — S&P 500 ends slightly higher after bottom line is (Powell) didn’t say anything that Restaurant Brands International Inc’s Tim
Fed gives mixed signals negative. You think about what he presented, Hortons cut the faux meat maker’s burgers and
it’s status quo. People thought about it, they sandwiches from its menu in most Canadian
NEW YORK: The S&P 500 Index ended thought about the fact that rates are going provinces, months after a nationwide roll-out
marginally higher on Wednesday after US lower, that normally is supportive for stocks.” at the breakfast chain. — Reuters
Shanghai Composite Dow Jones Euro STOXX 50 Index
Index points Index points
Index points
5800 27500 3900
2,999.28
+13.62
(+0.46%)
4825 23025 3415
2,772.70
3850 18550 2930
10,403.79
3,087.842
2875 14075 27,147.08 2445 3,528.04
(+0.38%)  



8100 1900 9600 1960

Mar 1, 2010 Sept 19, 2019 Mar 1, 2010 Sept 19, 2019 Mar 1, 2010 Sept 18, 2019 Mar 1, 2010 Sept 18, 2019

Bursa Malaysia Equity Derivatives

Main Market & Ace Market Warrants
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
0.015 0.005 — — 0133WC SANICHI-WC 0.005 — — 0.050 0.630 1,170 24/09/2019 0.175 0.050 0.050 0.050 486352 TM-C52 0.050 -0.005 0.2 3.520 4.900 46.31 20/02/2020
0.030 0.005 0.010 0.010 0133WE SANICHI-WE 0.010 Unch 5 0.050 0.100 120.00 13/12/2021 0.150 0.015 0.025 0.020 486353 TM-C53 0.020 -0.005 3160 3.520 4.680 35.80 28/02/2020
0.055 0.040 0.050 0.050 521878 SAPNRGC78 0.050 Unch 10 0.290 0.380 48.28 11/02/2020 0.125 0.060 0.065 0.065 486354 TM-C54 0.065 -0.005 200 3.520 4.880 46.95 28/02/2020
0.145 0.040 0.130 0.120 521879 SAPNRGC79 0.120 -0.015 1124.2 0.290 0.300 24.14 31/07/2020 0.170 0.090 0.095 0.095 486355 TM-C55 0.095 0.005 0.2 3.520 4.300 35.65 26/03/2020
0.080 0.065 0.070 0.070 521880 SAPNRGC80 0.070 -0.005 30 0.290 0.280 20.69 28/08/2020 0.135 0.060 0.070 0.070 486356 TM-C56 0.070 Unch 0.4 3.520 4.200 29.26 30/06/2020
0.180 0.085 0.120 0.115 5218WA SAPNRG-WA 0.115 -0.005 15127.9 0.290 0.490 108.62 23/01/2026 0.125 0.085 0.110 0.100 486357 TM-C57 0.100 -0.010 431.1 3.520 3.880 24.43 15/05/2020
0.150 0.015 — — 7247WA SCGM-WA 0.055 — — 0.990 3.960 305.56 31/07/2020 0.100 0.075 0.095 0.085 486358 TM-C58 0.085 -0.010 68 3.520 4.180 30.82 29/05/2020
0.075 0.020 0.030 0.030 0161WA SCH-WA 0.030 Unch 56 0.100 0.100 30.00 04/12/2021 0.175 0.160 0.175 0.160 486359 TM-C59 0.160 Unch 620 3.520 3.550 21.31 31/03/2020
0.085 0.010 0.015 0.015 4731CF SCIENTX-CF 0.015 0.005 335.5 8.370 8.880 7.53 29/11/2019 0.280 0.060 0.075 0.075 7285WA TOMYPAK-WA 0.075 0.005 35 0.475 0.930 111.58 21/06/2021
0.125 0.120 0.125 0.125 4731CG SCIENTX-CG 0.125 Unch 40 8.370 8.200 9.92 29/05/2020 0.100 0.010 0.010 0.010 711348 TOPGLOV-C48 0.010 Unch 300 4.740 5.000 6.75 29/11/2019
0.065 0.005 0.030 0.025 7158WB SCOMI-WB 0.025 Unch 324.6 0.080 0.210 193.75 18/02/2023 0.245 0.095 0.095 0.095 711352 TOPGLOV-C52 0.095 -0.015 10 4.740 4.280 0.32 30/09/2019
0.530 0.370 0.530 0.525 0001WA SCOMNET-WA 0.530 Unch 145.2 0.850 0.650 38.82 19/06/2024 0.260 0.080 0.090 0.080 7173WB TOYOINK-WB 0.085 Unch 3347.7 0.680 1.500 133.09 06/11/2023
0.060 0.010 0.010 0.010 7073WC SEACERA-WC 0.010 Unch 36 0.180 1.000 461.11 21/01/2021 0.010 0.005 — — 0118WB TRIVE-WB 0.005 — — 0.015 0.090 533.33 28/08/2020
0.185 0.100 0.110 0.110 5279CQ SERBADK-CQ 0.110 -0.005 100 4.360 4.000 4.36 26/11/2019 0.120 0.080 0.085 0.085 458819 UMW-C19 0.085 Unch 150 5.000 5.680 22.10 08/05/2020
0.170 0.085 0.100 0.095 5279CT SERBADK-CT 0.100 Unch 339 4.360 4.150 4.36 31/10/2019 0.090 0.030 0.040 0.040 0060WB VC-WB 0.040 Unch 22 0.160 0.150 18.75 06/05/2024
0.180 0.150 0.155 0.155 5279CW SERBADK-CW 0.155 -0.005 50 4.360 4.580 17.49 31/03/2020 0.125 0.070 0.070 0.070 524327 VELESTO-C27 0.070 Unch 60 0.305 0.210 -1.31 30/09/2019
0.330 0.185 0.300 0.295 7180WA SERN-WA 0.295 Unch 148.9 0.640 0.400 8.59 20/03/2023 0.170 0.050 0.120 0.115 5243WA VELESTO-WA 0.120 0.005 3987.3 0.305 0.395 68.85 18/10/2024
0.075 0.020 0.040 0.040 419733 SIME-C33 0.040 0.015 9.9 2.310 2.350 6.93 31/12/2019 0.355 0.100 0.130 0.110 0120WB VIS-WB 0.125 0.020 635.1 0.410 0.750 113.41 16/11/2022
0.090 0.020 0.030 0.030 419734 SIME-C34 0.030 0.010 98 2.310 2.400 7.79 14/10/2019 0.010 0.005 — — 0069WC VIVOCOM-WC 0.005 — — 0.020 0.070 275.00 22/01/2020
0.125 0.050 0.085 0.080 419737 SIME-C37 0.085 -0.005 0.6 2.310 2.200 4.44 31/03/2020 0.005 0.001 — — 0069WD VIVOCOM-WD 0.005 — — 0.020 0.070 275.00 08/07/2020
0.009 0.005 — — 5285CK SIMEPLT-CK 0.005 — — 0.377 6.180 1,547 07/10/2019 0.015 0.005 0.005 0.005 0069WE VIVOCOM-WE 0.005 Unch 16.3 0.015 0.050 266.67 22/08/2023
0.135 0.070 0.105 0.105 5285CL SIMEPLT-CL 0.105 -0.005 30.8 4.840 4.650 6.92 30/04/2020 0.670 0.310 0.360 0.360 7070WC VIZIONE-WC 0.360 Unch 36.5 0.860 0.700 23.26 05/02/2022
0.175 0.040 0.150 0.140 5213WB SNTORIA-WB 0.150 Unch 30.1 0.230 0.600 226.09 09/01/2025 0.185 0.085 0.170 0.170 696315 VS-C15 0.170 Unch 12 1.350 1.080 5.19 29/11/2019
0.060 0.025 0.030 0.030 0093WA SOLUTN-WA 0.030 -0.005 11 0.085 0.200 170.59 04/07/2021 0.105 0.045 0.070 0.065 696316 VS-C16 0.070 Unch 500 1.350 1.200 1.85 14/10/2019
0.130 0.040 0.050 0.050 0129WA SRIDGE-WA 0.050 -0.005 200 0.215 0.180 6.98 24/02/2023 0.130 0.075 0.125 0.125 696319 VS-C19 0.125 Unch 983 1.350 1.250 15.74 31/01/2020
0.185 0.090 0.105 0.100 0080WA STRAITS-WA 0.105 Unch 653 0.205 0.115 7.32 10/08/2022 0.150 0.080 0.140 0.140 696320 VS-C20 0.140 -0.010 210 1.350 1.280 15.56 30/06/2020
0.040 0.005 0.020 0.015 1201WA SUMATEC-WA 0.020 Unch 399.8 0.030 0.320 1,033 03/03/2021 0.105 0.060 0.100 0.100 696321 VS-C21 0.100 -0.005 2600 1.350 1.280 17.04 11/02/2020
0.350 0.005 0.020 0.015 3743WA SUNSURIA-WA 0.020 Unch 5.1 0.670 1.500 126.87 22/07/2020 0.110 0.095 0.110 0.105 696322 VS-C22 0.110 Unch 119.8 1.350 1.420 21.48 29/05/2020
0.450 0.210 0.345 0.330 5211WB SUNWAY-WB 0.345 0.010 5 1.650 1.790 29.39 03/10/2024 0.100 0.080 0.100 0.095 696323 VS-C23 0.100 Unch 2125 1.350 1.400 23.70 30/04/2020
0.110 0.005 — — 710662 SUPERMX-C62 0.005 — — 0.375 1.950 423.33 30/09/2019 0.140 0.085 — — 967919 WCT-C19 0.095 — — 0.930 1.100 36.67 20/12/2019
0.009 0.005 — — 710663 SUPERMX-C63 0.005 — — 0.190 2.080 1,002 30/09/2019 0.170 0.110 — — 967920 WCT-C20 0.120 — — 0.930 1.060 39.78 29/05/2020
0.130 0.020 0.030 0.030 710666 SUPERMX-C66 0.030 Unch 474 1.580 1.700 11.39 31/12/2019 0.200 0.045 0.075 0.065 9679WE WCT-WE 0.070 -0.005 2207.1 0.930 2.080 131.18 27/08/2020
0.065 0.045 0.050 0.050 710673 SUPERMX-C73 0.050 -0.005 150 1.580 1.800 21.84 11/02/2020 0.180 0.085 0.110 0.095 0197WA WEGMANS-WA 0.110 0.015 1196.4 0.280 0.300 46.43 13/01/2022
0.140 0.100 0.125 0.120 710675 SUPERMX-C75 0.120 -0.005 90 1.580 1.500 15.44 31/03/2020 0.180 0.050 0.085 0.080 0162WA WIDAD-WA 0.085 Unch 1324.6 0.265 0.350 64.15 05/08/2023
0.045 0.005 — — 7082WB SYF-WB 0.005 — — 0.190 0.700 271.05 11/11/2019 0.160 0.135 0.140 0.140 5246C1 WPRTS-C1 0.140 -0.005 0.2 4.070 4.000 10.32 23/01/2020
0.435 0.050 0.225 0.225 6139CC TAKAFUL-CC 0.225 0.015 50 5.940 4.600 0.17 29/11/2019 0.120 0.080 0.100 0.080 5246C2 WPRTS-C2 0.100 Unch 90 4.070 4.000 8.11 29/05/2020
0.320 0.065 0.110 0.100 6139CE TAKAFUL-CE 0.110 0.010 160.5 5.940 5.300 0.34 31/01/2020 0.125 0.060 — — 5246CZ WPRTS-CZ 0.060 — — 4.070 4.180 7.86 14/10/2019
0.125 0.025 0.035 0.035 6139CG TAKAFUL-CG 0.035 -0.005 60 5.940 7.700 32.87 28/02/2020 0.165 0.070 0.110 0.110 7245WA WZSATU-WA 0.110 Unch 360 0.220 0.380 122.73 28/10/2024
0.040 0.015 0.020 0.020 2429WB TANCO-WB 0.020 Unch 1634.4 0.055 0.050 27.27 23/08/2021 0.030 0.005 — — 5156WD XDL-WD 0.010 — — 0.080 0.180 137.50 17/01/2022
0.055 0.030 0.050 0.045 7097WA TAWIN-WA 0.050 Unch 40 0.120 0.200 108.33 05/08/2022 0.150 0.005 — — 7003WA Y&G-WA 0.005 — — 0.045 1.000 2,133 16/11/2019
0.125 0.015 0.050 0.040 7200WA TEKSENG-WA 0.050 0.010 1106.2 0.265 0.250 13.21 29/01/2020 0.240 0.155 0.155 0.155 7293C1 YINSON-C1 0.155 -0.005 220 6.700 6.600 12.39 31/01/2020
0.135 0.010 0.055 0.055 534754 TENAGA-C54 0.055 0.005 42 13.620 13.800 4.55 23/10/2019 0.135 0.085 0.085 0.085 7293C2 YINSON-C2 0.085 -0.005 30 6.700 6.750 9.63 29/05/2020
0.170 0.030 0.110 0.110 534757 TENAGA-C57 0.110 Unch 15 13.620 12.600 0.59 31/01/2020 0.155 0.075 — — 7293C3 YINSON-C3 0.075 — — 6.700 7.800 23.69 20/02/2020
0.195 0.120 0.120 0.120 534759 TENAGA-C59 0.120 Unch 200 13.620 13.200 5.73 06/01/2020 0.160 0.115 — — 7293C4 YINSON-C4 0.115 — — 6.700 6.880 18.13 30/04/2020
0.165 0.105 0.120 0.120 534760 TENAGA-C60 0.120 0.010 0.4 13.620 12.800 2.79 30/04/2020 0.125 0.100 — — 7293C5 YINSON-C5 0.100 — — 6.700 7.880 29.55 08/05/2020
0.090 0.045 0.050 0.050 534763 TENAGA-C63 0.050 Unch 150.1 13.620 15.000 14.54 20/02/2020 0.575 0.095 — — 7293CW YINSON-CW 0.470 — — 6.700 4.350 0.00 31/12/2019
0.130 0.090 0.095 0.095 534764 TENAGA-C64 0.095 0.005 120 13.620 13.880 10.28 08/05/2020 0.130 0.095 — — 7293CX YINSON-CX 0.395 — — 6.700 5.280 8.28 07/10/2019
0.140 0.120 0.120 0.120 534766 TENAGA-C66 0.120 Unch 59 13.620 13.580 11.16 31/03/2020 0.425 0.065 — — 7293CY YINSON-CY 0.325 — — 6.700 4.750 0.00 14/10/2019
0.460 0.040 0.050 0.045 7252WA TEOSENG-WA 0.050 Unch 47.2 1.120 1.350 25.00 29/01/2020 0.470 0.285 0.320 0.320 7293CZ YINSON-CZ 0.320 -0.005 97.9 6.700 5.500 3.58 23/01/2020
1.300 0.705 0.940 0.925 7034WA TGUAN-WA 0.930 0.005 165.7 2.490 1.500 -2.41 09/10/2019 0.040 0.005 — — 7020WB YKGI-WB 0.010 — — 0.100 0.500 410.00 28/05/2020
0.025 0.005 — — 7079WC TIGER-WC 0.015 — — 0.050 0.320 570.00 11/02/2021 0.475 0.030 0.035 0.030 7066WA YONGTAI-WA 0.035 Unch 20.1 0.210 0.500 154.76 24/06/2020
0.840 0.115 0.495 0.495 486337 TM-C37 0.495 -0.010 2 3.520 2.150 3.27 30/09/2019 0.130 0.005 — — 467723 YTL-C23 0.005 — — 0.498 1.250 152.01 29/11/2019
0.330 0.065 0.120 0.115 486340 TM-C40 0.115 -0.020 2043.4 3.520 3.100 2.77 23/10/2019 0.180 0.145 — — 467725 YTL-C25 0.180 — — 0.980 1.100 30.61 29/11/2019
0.260 0.030 0.030 0.030 486341 TM-C41 0.030 -0.010 29 3.520 3.500 3.69 30/09/2019 0.150 0.035 — — 467726 YTL-C26 0.035 — — 0.980 1.180 27.55 31/03/2020
0.255 0.050 0.075 0.065 486342 TM-C42 0.065 -0.010 1061 3.520 3.580 10.94 04/11/2019 0.075 0.040 — — 467727 YTL-C27 0.040 — — 0.980 1.280 38.78 09/12/2019
0.485 0.170 0.220 0.220 486343 TM-C43 0.220 -0.005 200 3.520 2.800 4.55 31/03/2020 0.045 0.010 — — 467728 YTL-C28 0.030 — — 0.980 1.080 17.86 08/05/2020
0.520 0.195 0.260 0.255 486344 TM-C44 0.260 -0.025 335 3.520 2.680 5.68 30/04/2020 0.125 0.015 — — 6742C8 YTLPOWR-C8 0.015 — — 0.730 0.900 25.34 29/11/2019
0.270 0.075 0.095 0.090 486347 TM-C47 0.090 -0.010 1370 3.520 4.000 25.14 31/01/2020 0.020 0.005 — — 6742C9 YTLPOWR-C9 0.005 — — 0.730 1.080 49.32 04/11/2019
0.230 0.060 0.070 0.060 486348 TM-C48 0.060 -0.010 267.4 3.520 3.750 15.06 30/04/2020
0.210 0.050 0.060 0.055 486350 TM-C50 0.055 -0.010 6543.4 3.520 4.600 37.71 31/01/2020
Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants
3 0 Markets FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on September 18, 2019) Trading themes

Insider Moves show what substantial shareholders are doing with their stakes, which could be a signal of their views on the company’s outlook. Pangolin product seizures from Africa
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE Major seizures of pangolin products shipped from African countries that weigh more
AEMULUS (800,000) AEMULUS VENTURE 42,128,749 13 & 18/9 than half a tonne are increasing, as is Nigeria’s role in the illicit trade.
AEON CO. (M) 500,000 EMPLOYEES PROVIDENT FUND BOARD 190,288,700 12/9
AIRASIA GROUP 250,000 DATO’ ABDEL AZIZ 539,500 17/9
@ ABDUL AZIZ ABU BAKAR
AURORA MULIA 30,000,000 AURORA MULIA 258,024,270 17/9
AXIATA GROUP 3,645,500 EMPLOYEES PROVIDENT FUND BOARD 1,461,076,394 11/9
AXIS REAL ESTATE 2,514,400 EMPLOYEES PROVIDENT FUND BOARD 195,863,169 12/9
INVESTMENT TRUST
BERMAZ AUTO 546,000 EMPLOYEES PROVIDENT FUND BOARD 114,046,400 12/9
BOUSTEAD (397,400) KUMPULAN WANG PERSARAAN 188,993,292 12/9
(DIPERBADANKAN)
CAPITALAND (M) MALL TRUST 3,000,000 KUMPULAN WANG PERSARAAN 223,845,600 17/9
(DIPERBADANKAN)
CARIMIN PETROLEUM (1,000,000) TAN SRI DATO’ KAMARUZZAMAN SHARIFF 5,500,000 13/9
COASTAL CONTRACTS 300,000 NG CHIN HENG 243,038,601 17/9
DIALOG GROUP (1,237,600) EMPLOYEES PROVIDENT FUND BOARD 492,554,916 12/9
DIGI.COM (100,000) EMPLOYEES PROVIDENT FUND BOARD 1,007,555,690 12/9
GAMUDA 489,800 KUMPULAN WANG PERSARAAN 174,892,934 17/9
(DIPERBADANKAN)
GENTING PLANTATIONS (442,500) EMPLOYEES PROVIDENT FUND BOARD 86,167,500 12/9
GREEN OCEAN CORPORATION 12,320,000 KHOO CHEE SIANG 28,362,300 17/9
HARTALEGA 231,700 EMPLOYEES PROVIDENT FUND BOARD 203,885,800 12/9
HONG LEONG BANK (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 257,765,921 12/9
ICONIC WORLDWIDE 670,000 DATO TAN KEAN TET 54,764,454 17/9
IGB REAL ESTATE (2,254,000) EMPLOYEES PROVIDENT FUND BOARD 354,139,566 12/9
INVESTMENT TRUST Smaller weather events are becoming costlier
IOI CORPORATION (536,400) EMPLOYEES PROVIDENT FUND BOARD 781,748,973 12/9
JAKS RESOURCES 150,000 ANG LAM POAH 76,969,062 13/9 The insured losses caused by “secondary perils” such as hails, wildfires and torrential rains
KLCC PROPERTY (447,100) EMPLOYEES PROVIDENT FUND BOARD 93,520,530 13/9 are now much higher than insured losses from “primary perils” such as earthequakes
KLCC REAL ESTATE (447,100) EMPLOYEES PROVIDENT FUND BOARD 93,520,530 13/9
INVESTMENT TRUST and hurricanes, according to Reuters analysis of Swiss Re Institute data.
LBS BINA GROUP (189,200) KUMPULAN WANG PERSARAAN 178,901,240 17/9
(DIPERBADANKAN)
LONDON BISCUITS (280,608) DATIN SRI LIM YOOK LAN 13/9
LTKM 314,100 LADANG TERNAKAN KELANG 96,995,306 17/9
M N C WIRELESS (300,000) CITA REALITI 36,374,000 13 & 17/9
MALAYAN BANKING (2,000,000) AMANAHRAYA TRUSTEE 3,864,640,493 13/9
- AMANAH SAHAM BUMIPUTERA
MALAYAN BANKING 336,000 EMPLOYEES PROVIDENT FUND BOARD 1,382,946,191 12/9
MAXIS (400,000) EMPLOYEES PROVIDENT FUND BOARD 884,478,600 12/9
MISC (2,631,400) EMPLOYEES PROVIDENT FUND BOARD 254,816,711 10/9
PANTECH GROUP 203,400 EMPLOYEES PROVIDENT FUND BOARD 41,286,856 12/9
PAVILION REAL ESTATE 992,100 EMPLOYEES PROVIDENT FUND BOARD 209,955,203 12/9
INVESTMENT TRUST
PETRONAS CHEMICALS GROUP (1,000,000) EMPLOYEES PROVIDENT FUND BOARD 595,532,000 12/9
PETRONAS DAGANGAN 200,000 EMPLOYEES PROVIDENT FUND BOARD 65,021,611 12/9
QL RESOURCES 245,500 EMPLOYEES PROVIDENT FUND BOARD 101,262,275 12/9
RANHILL (279,300) LEMBAGA TABUNG HAJI 56,042,800 17/9
SERBA DINAMIK 1,750,000 AMANAHRAYA TRUSTEE 70,000,000 13/9
- AMANAH SAHAM BUMIPUTERA
SERBA DINAMIK (416,200) KUMPULAN WANG PERSARAAN 93,637,600 17/9
(DIPERBADANKAN)
SERBA DINAMIK (1,000,000) DATO DR IR MOHD ABDUL 345,776,400 17/9
KARIM ABDULLAH
SIME DARBY (6,290,000) AMANAHRAYA TRUSTEE 2,846,316,900 12 & 13/9
- AMANAH SAHAM BUMIPUTERA
SIME DARBY (475,300) EMPLOYEES PROVIDENT FUND BOARD 670,248,575 12/9 Stocks closest to year high Stocks closest to year low
SIME DARBY PLANTATION (996,600) EMPLOYEES PROVIDENT FUND BOARD 1,019,844,074 11/9 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
SIME DARBY PLANTATION 1,000,000 KUMPULAN WANG PERSARAAN 380,138,378 17/9 (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
(DIPERBADANKAN) ECOFIRS 0.335 0.320 0.335 427 GTRONIC-CY 0.130 0.120 0.120 0.4
SIME DARBY PROPERTY 500,000 EMPLOYEES PROVIDENT FUND BOARD 754,552,410 12/9
PETGAS-CU 0.130 0.120 0.130 13.7 IJM-C33 0.085 0.085 0.085 10
SUNWAY (1,166,600) EMPLOYEES PROVIDENT FUND BOARD 358,037,176 12/9
SYARIKAT TAKAFUL (M) (2,100,000) EMPLOYEES PROVIDENT FUND BOARD 64,464,500 12/9 AEON-CU 0.055 0.050 0.050 0.2 TEXCHEM 0.390 0.365 0.365 114.7
KELUARGA PRG 0.940 0.910 0.935 2132 MUDAJYA 0.225 0.200 0.205 1012.3
TELEKOM MALAYSIA 265,900 EMPLOYEES PROVIDENT FUND BOARD 627,698,900 12/9 LIIHEN 3.140 2.970 3.130 635.7 WMG 0.090 0.085 0.085 104.7
TENAGA NASIONAL (160,800) EMPLOYEES PROVIDENT FUND BOARD 866,869,482 12/9 ARMADA-C51 0.260 0.225 0.260 616.5 E&O 0.745 0.730 0.730 559.5
TIGER SYNERGY 3,000,000 DATO’ TAN WEI LIAN 84,146,534 12/9 GPACKET 0.730 0.705 0.725 22245.3 MAHSING 0.805 0.780 0.785 2127.6
TOP GLOVE CORPORATION (781,500) EMPLOYEES PROVIDENT FUND BOARD 172,651,222 12/9
DUFU 2.620 2.530 2.610 3938.3 AEON-CU 0.055 0.050 0.050 0.2
UOA DEVELOPMENT 200,900 EMPLOYEES PROVIDENT FUND BOARD 154,536,200 12/9
V.S. INDUSTRY (736,200) KUMPULAN WANG PERSARAAN 204,678,675 17/9 IGBB-PA 1.220 1.220 1.220 19.3 GENM-C65 0.120 0.115 0.115 230
(DIPERBADANKAN) KPJ-CV 0.040 0.035 0.040 111.5 GENP-CI 0.035 0.035 0.035 100
VELESTO ENERGY 2,257,400 EMPLOYEES PROVIDENT FUND BOARD 559,751,506 12/9 PENTA-CA 0.400 0.400 0.400 210 CAB-WA 0.225 0.225 0.225 1
VIZIONE 335,000 DATO’ NG AUN HOOI 143,010,632 17/9 PENTA-CB 0.365 0.365 0.365 45 CCM 1.520 1.490 1.500 108.5
WESTPORTS (378,900) EMPLOYEES PROVIDENT FUND BOARD 189,602,100 12/9 PENTA-CF 0.210 0.190 0.200 1980.1 GENTINGC68 0.015 0.010 0.015 400
YINSON 902,300 EMPLOYEES PROVIDENT FUND BOARD 132,556,400 12/9
PENTA 4.160 4.000 4.140 3622 GENTINGC75 0.075 0.070 0.075 104
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder GENM-C50 0.045 0.030 0.040 983.6
PENTA-CE 0.265 0.240 0.255 1649.4
filings. Direct and indirect share are combined due to space constraints. Readers who are interested should check the official filings filed with
Bursa Malaysia. Note: * denotes Ace Market PENTA-CC 0.300 0.270 0.290 1059.6 MYEG-C65 0.020 0.015 0.020 86
AIRPORT-C12 0.145 0.145 0.145 0.2 PLS 0.730 0.700 0.730 135.8
POS-C39 0.215 0.210 0.210 60 MRCB-C55 0.090 0.090 0.090 0.2
SMTRACK 0.260 0.250 0.250 34594.6 HSI-C7V 0.695 0.665 0.665 40

Local event to watch out for today PENTA-CG

FRONTKN
0.215
1.760
0.200
1.710
0.205
1.740
392.3
7674.7
GENM-C52
GENM-C62
0.065
0.065
0.060
0.055
0.060
0.055
216
1982.8
This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
• Nil profit-taking activities could set in later. bargain hunting could set in later.

Foreign exchange rates

NZ EURO US SWISS BRIT CANADA BRUNEI S’PORE AUST M’SIA CHINA BANGL’H DENM’K UAE INA INDIA JAPAN NORWAY PHIL QATAR SAUDI SWEDEN THAI HK

NZ $ 0.570 0.631 0.626 0.507 0.838 0.869 0.869 0.929 2.6491 4.480 53.203 4.260 2.319 8,876 45.020 68.156 5.644 32.963 2.303 2.368 6.117 19.273 4.944
EURO 1.753 1.107 1.097 0.888 1.470 1.524 1.524 1.629 4.6443 7.854 93.273 7.468 4.066 15,560 78.927 119.489 9.894 57.789 4.037 4.152 10.723 33.789 8.668
US $ 1.584 0.903 0.991 0.803 1.328 1.376 1.376 1.471 4.1950 7.094 84.250 6.745 3.673 14,055 71.291 107.929 8.937 52.199 3.647 3.750 9.686 30.520 7.829
SWISS FR 1.598 0.912 1.009 0.810 1.340 1.389 1.389 1.485 4.2340 7.160 85.033 6.808 3.707 14,186 71.954 108.933 9.020 52.684 3.681 3.785 9.776 30.804 7.902
STERLING £ 1.973 1.126 1.246 1.235 1.655 1.715 1.715 1.834 5.2274 8.840 104.984 8.406 4.577 17,514 88.836 134.491 11.136 65.045 4.544 4.674 12.070 38.031 9.756
CANADA $ 1.193 0.680 0.753 0.746 0.604 1.037 1.037 1.108 3.1594 5.343 63.451 5.080 2.766 10,585 53.692 81.285 6.731 39.313 2.747 2.825 7.295 22.986 5.896
BRUNEI $ 1.151 0.656 0.727 0.720 0.583 0.965 1.000 1.069 3.0480 5.154 61.214 4.901 2.669 10,212 51.799 78.419 6.493 37.926 2.650 2.725 7.038 22.175 5.689
SINGAPORE $ 1.151 0.656 0.727 0.720 0.583 0.965 1.000 1.069 3.0480 5.154 61.214 4.901 2.669 10,212 51.799 78.419 6.493 37.926 2.650 2.725 7.038 22.175 5.689
AUSTRALIA $ 1.076 0.614 0.680 0.673 0.545 0.902 0.935 0.935 2.8509 4.821 57.256 4.584 2.496 9,552 48.449 73.348 6.073 35.474 2.478 2.549 6.583 20.741 5.321
MALAYSIA RM 0.377 0.215 0.238 0.236 0.191 0.317 0.328 0.328 0.351 1.0000 1.691 20.083 1.608 0.876 3,350 16.994 25.728 2.130 12.443 0.869 0.894 2.309 7.275 1.866
100 CHINESE RMB 22.322 12.733 14.096 13.966 11.312 18.717 19.401 19.401 20.742 59.1340 1,188 95.086 51.774 198,124 1,004.945 1,521 125.978 735.809 51.408 52.868 136.537 430.219 110.363
100 BANGLAD’H TAKA 1.880 1.072 1.187 1.176 0.953 1.576 1.634 1.634 1.747 4.9792 8.420 8.006 4.360 16,683 84.619 128.106 10.608 61.957 4.329 4.452 11.497 36.226 9.293
100 DANISH KRONER 23.476 13.391 14.825 14.688 11.897 19.684 20.404 20.404 21.814 62.1900 105.17 1,249 54.450 208,363 1,056.88 1,600 132.49 773.83 54.06 55.60 143.59 452.45 116.07
100 UAE DIRHAM 43.115 24.592 27.226 26.976 21.849 36.151 37.472 37.472 40.063 114.2149 193.15 2,294 183.65 382,668 1,941 2,939 243.32 1,421 99.29 102.11 263.71 830.95 213.16
1000 INA RUPIAH 0.011 0.006 0.007 0.007 0.006 0.009 0.010 0.010 0.010 0.0298 0.050 0.599 0.048 0.026 0.507 0.768 0.064 0.371 0.026 0.027 0.069 0.217 0.056
100 INDIA RUPEE 2.221 1.267 1.403 1.390 1.126 1.862 1.931 1.931 2.064 5.8843 9.951 118.177 9.462 5.152 19,715 151.392 12.536 73.219 5.115 5.261 13.586 42.810 10.982
100 JAPAN YEN 1.467 0.837 0.927 0.918 0.744 1.230 1.275 1.275 1.363 3.8868 6.573 78.060 6.250 3.403 13,022 66.054 8.280 48.364 3.379 3.475 8.974 28.278 7.254
100 NORWEGIAN KRONER 17.719 10.107 11.190 11.086 8.980 14.857 15.400 15.400 16.465 46.9400 79.379 943 75.478 41.098 157,269 797.716 1,208 584.078 40.807 41.966 108.381 341.504 87.605
100 PHILIPPINE PESO 3.034 1.730 1.916 1.898 1.537 2.544 2.637 2.637 2.819 8.0366 13.590 161.402 12.923 7.036 26,926 136.577 206.766 17.121 6.987 7.185 18.556 58.469 14.999
100 QATAR RIYAL 43.422 24.768 27.421 27.168 22.005 36.409 37.739 37.739 40.348 115.0292 194.523 2,310 184.964 100.713 385,396 1,955 2,959 245.056 1,431 102.841 265.595 836.874 214.681
100 SAUDI RIYAL 42.223 24.084 26.663 26.418 21.397 35.403 36.697 36.697 39.234 111.8518 189.150 2,246 179.855 97.931 374,751 1,901 2,878 238.287 1,392 97.238 258.259 813.758 208.751
100 SWEDISH KRONOR 16.349 9.325 10.324 10.229 8.285 13.708 14.209 14.209 15.192 43.3100 73.240 869.812 69.641 37.920 145,107 736.026 1,114 92.267 538.909 37.651 38.721 315.094 80.830
100 THAI BAHT 5.189 2.960 3.277 3.246 2.629 4.351 4.510 4.510 4.821 13.7451 23.244 276.048 22.102 12.034 46,052 233.589 353.635 29.282 171.031 11.949 12.289 31.737 25.653
100 HK$ 20.226 11.537 12.773 12.655 10.250 16.959 17.579 17.579 18.795 53.5815 90.610 1,076.099 86.158 46.913 179,521 910.584 1,379 114.149 666.719 46.581 47.904 123.716 389.823
Note: Run your finger down the left-hand side until you reach the country of origin you plan to exchange. Then move your finger until that line intersects with the vertical column of the currency you wish to buy. The figure is how much you will get. The above rates are subject to change and provided by Thompson Reuters.
FRIDAY S E P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Markets 3 1
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

Long Rolls - KLCI futures US Dollar Klibor
FKLI
Index points 0QFO
*OUFSFTU Index points USD Index Implied interest rate (%)
1980 18.00 105.0
90000 2.00
1,589.50 4.5
3.60
(-2.50) (Unch)
(Unch)
1785 68000 4.75 96.5
3.5

1590 46000 -8.50 88.0

98.254
(-0.307) 2.5
1395 24000 -21.75
79.5

1200 2000 -35.00 71.0 1.5

Jan 4, 2010 Sept 19, 2019 Jan 4, 2010 Sept 19, 2019 Oct 2, 2006 Sept 19, 2019 Oct 1, 2000 Sept 19, 2019

KLCI futures close lower in FBM KLCI futures Swiss franc set for biggest Klibor
line with weaker cash market INDEX AND FUTURES
CONTRACT LAST CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
jump in a month MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contract on Bursa FBMKLCI 1,596.28 -3.21 102.8M The Swiss franc rallied against its major peers OCT9 96.40 — — —
DEC9 96.40 — — —
Malaysia Derivatives closed lower yesterday, SEP 19 1,589.50 -2.50 4,180 30,335 91 yesterday and is on track to post its biggest MAR0 96.40 — — —
OCT 19 1,591.00 -2.50 86 431 84
in line with the underlying cash market. daily jump versus the greenback in a month JUN0 96.40 — — —
DEC 19 1,593.50 -3.00 18 536 -2
September 2019 and October 2019 fell 2.5 MAR 20 1,590.50 -1.00 19 170 3
after the Swiss National Bank (SNB) declined SEP0 96.40 — — —
points each to 1,589.5 and 1,591 respectively; TOTAL to match the European Central Bank and the DEC0 96.40 — — —
4,303 31,472 176
MAR1 96.40 — — —
December 2019 eased three points to 1,593.5 US Federal Reserve (Fed) in easing policy. JUN1 96.40 — — —
and March 2020 reduced one point to 1,590.5. FUTURES
SEP/OCT
ROLL OVER BID
2.0
OFFER
1.5
CLOSE
2.0
The SNB kept its policy rate unchanged SEP1 96.40 — — —
Turnover decreased to 4,303 lots from at -0.75%, as expected by most analysts in a DEC1 96.40 — — —
4,830 lots on Wednesday, while open interest FUTURES FAIR VALUE Reuters poll. It maintained the rate it charges MAR2 96.40 — — —
JUN2 96.40 — — —
narrowed to 31,472 contracts from 31,823 CONTRACT
SEP 19
DAYS TO EXPIRY
12
KLIBOR DIVIDEND FAIR VALUE
1.54 7.75 -6.21
on the excess cash it holds for commercial SEP2 96.40 — — —
contracts previously. OCT 19 43 5.87 9.23 -3.36 banks at -0.75%, though it raised the threshold DEC2 96.40 — — —
The benchmark KLCI was 3.21 points ROLL’S FAIR 2.85 at which the negative rate charges kick in. MAR3 96.40 — — —
lower at 1,596.28. “The SNB was a surprise and they will focus JUN3 96.40 — — —
SEP3 96.40 — — —
Most Southeast Asian stock markets on FX intervention,” said Kenneth Broux, a
DEC3 96.40 — — —
closed lower yesterday, with Thailand strategist at Societe Generale based in London. MAR4 96.40 — — —
leading the pack, after the US Federal Reserve Against the US dollar, the Norwegian crown JUN4 96.40 — — —
thwarted hopes of further policy easing. which had gained 0.2% after the decision, JAN-00 — — — —
Thai shares extended falls into a second with energy and telecommunications stocks erased gains and was broadly flat on the day JAN-00 — — — —
TOTAL 0 0
session and closed at a three-week low, accounting for most of the losses. — Agencies at 8.94 crowns per US dollar. — Reuters

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

CPO & Open Interest CPO vs Soyoil Crude Oil Gold

CPO RM/tonne 0QFO
*OUFSFTU CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 6400 0.700 155.00 1980
200000
2,243 1,501.20
(-17) (-7.90)
3450 5075 1660
152500 0.3004 0.525 121.25
(RM2,775/tonne)
2700 3750
59.16 1340
105000 0.350 87.50 (+1.05)

1950 57500 2425 0.175 53.75 1020

2,243
1200 10000
700
1100 (-17) 0.000 20.00
Jan 6, 2008 Sept 19, 2019 Apr 10, 2007 Sept 19, 2019 Aug 31, 2008 Sept 19, 2019
Jan 6, 2008 Sept 19, 2019

Palm oil extends losses CPO futures Oil rises as Saudi supply Commodities

tracking related edible oils CONTRACT

OCT-19
LAST
2,181
CHANGE
-18
VOLUME
225
OPEN CHANGE IN
INTEREST OPEN INTEREST
5,799 -465
risks come into focus AGRICULTURE
CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,243 -17
RUBBER SEN/KG MRB 553.00 -0.50
NOV-19 2,210 -19 3,866 28,939 -909
Malaysian palm oil futures extended losses Oil prices rose sharply yesterday, CORN USC/BSH CBOT 370.50 -0.75
DEC-19 2,243 -17 19,990 49,526 1,350
SOYBEANS USC/BSH CBOT 888.50 -0.25
yesterday due to a drop in related vegetable JAN-20 2,279 -14 7,436 41,900 -1,450 supported by supply risks brought about
WHEAT USC/BSH CBOT 491.00 1.50
oils and weak exports, though a weaker FEB-20 2,309 -10 1,433 14,342 253 by last weekend’s drone attacks on Saudi oil LIVE CATTLE USC/IBS CME 106.15 0.85
ringgit restricted the downside. CPO FUTURES CPO/SOYOIL infrastructure and a cut in US interest rates. COCOA US$/TON NYBOT 2,423 14
The benchmark palm oil contract for INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) International benchmark Brent crude oil COFFEE USC/IBS NYBOT 103.25 -0.70
OCT/NOV -29 -97.85
November delivery on Bursa Malaysia OCT/DEC -62 3 MONTHS AVERAGE -112.20
futures gained US$1.40 to US$65 a barrel, SUGAR USC/IBS NYBOT 12.07 0.00
Derivatives lost 0.75% at RM2,243 per tonne OCT/JAN while US West Texas Intermediate crude COTTON USC/IBS NYC 61.48 0.26
-98 6 MONTHS AVERAGE -113.23
at the close, after falling 1% on Wednesday. NOV/DEC -33 oil futures were up US$1.05 at US$59.16 a METAL & PRECIOUS METALS
TIN US$/TON KLTM 16,900 200
The ringgit, palm oil’s currency of trade, SGS & ITS EXPORT ESTIMATES (TONNES) barrel. COPPER USC/IBS CMX 2.6040 -0.0035
weakened against the US dollar by 0.19% to SHIPMENT DAYS JUN’19 JUL’19 AUG’19 The attacks knocked down more than GOLD US$/TROY OZ CMX 1,501.20 -7.90
4.19, making it more cheaper for foreign buyers. 1 - 10TH DAYS 377/377 366/368 476/512 half of Saudi Arabia’s crude production and PLATINUM US$/TROY OZ NYMEX 930.50 -5.50
“With falling ringgit, palm oil should have 1 - 15TH DAYS 656/637 658/656 752/765
severely limited the country’s spare capacity, PALLADIUM US$/TROY OZ NYMEX 1,579.10 -3.10
been trading on higher side, but weakness 11 -- 20TH DAYS
25TH DAYS
898/913
1,174/1,174
926/909 984/1028
1,151/1,124 1,379/1,365
a cushion for oil markets in any unplanned SILVER USC/TROY OZ CMX 17.65 -0.17
in competing oils is not allowing it to rise,” FULL MONTH outage. ALUMINIUM RMB/TON SHF 14,105 -105
1,372/1,358 1,438/1,380 1,662/1,645
ZINC RMB/TON SHF 18,890 -205
said a Kuala Lumpur-based futures trader. MALAYSIAN PALM OIL BOARD “Global available spare capacity is
The January soyoil contract on the China’s MAY’19 JUN’19 JUL’19 AUG’19 extremely low at present following the ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 59.16 1.05
Dalian Commodity Exchange (DCE) fell PRODUCTION 1,671 1,519 1,738 1,822 weekend attacks, leaving little room for HEATING OIL USC/GAL NYMEX 2.0035 0.0329
1.62%, while the DCE January palm oil EXPORT STOCKS
1,712
2,447
1,383
2,424
1,485
2,391
1,733
2,252
additional outages, which tends to be NATURAL GAS US$/MMBTU NYMEX 2.649 -0.016
contract dropped 2.23%. Soybean oil on price supportive,” UBS oil analyst Giovanni BRENT CRUDE US$/BBL ICE 65.00 1.40
MPOB palm oil physical
the US Chicago Board of Trade fell 0.53%. Staunovo said. — Reuters GAS OIL US$/TON ICE 618.25 7.25
Palm oil stocks were depleting in the last (IN RM/TON) AUG’19 SEP’19 OCT’19

few months but that pace could moderate CPO DELD

PK EX-MILL
2,103.00 2,170.00 NO TRADE
1,154.00 NO TRADE NO TRADE
Centrifuged Latex Rubber - M’sia SMR 20
as exports have started to falter, said a palm CPKO DELD 2,305.00 2,331.50 2,403.00 Sen/Kg
Sen/Kg
oil trader based in Kuala Lumpur. RBD P.OIL FOB NO TRADE NO TRADE NO TRADE 1100 1900
Malaysia’s palm oil stockpiles at the end of RBD P.OLEIN FOB NO TRADE NO TRADE NO TRADE
August declined 5.3% from the previous month RBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE 900 440.00 1475 553.00
(-0.50)
to 2.25 million tonnes, industry regulator the MPOB FFB REF PRICE (MILL GATE PRICE) 

Malaysian Palm Oil Board said last week. REGION GRADE A GRADE B GRADE C 700 1050
OER (RM/TON) OER(RM/TON) OER (RM/TON)
But exports of Malaysian palm oil products NORTH 20.00% 419 19.00% 398 18.00% 378
for Sept 1 to Sept 15 fell 6.8% to 700,935 tonnes SOUTH 20.00% 426 19.00% 405 18.00% 384
500 625
from 752,470 tonnes shipped during Aug 1 to CENTRAL 20.00% 424 19.00% 403 18.00% 382
Aug 15, cargo surveyor Societe Generale de EAST COAST 20.00% 421 19.00% 400 18.00% 380 300 200

Surveillance said on Wednesday. — Reuters SABAH SARAWAK

22.00% 410
22.00% 413
21.00% 391
21.00% 394
20.00% 372
20.00% 375
Jan 7, 2007 Sept 19, 2019 Jan 7, 2007 Sept 19, 2019
 Markets
32 FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH E EDGE F I N AN C I AL DAI LY

F U T U R E S . M O N E Y M A R K E T . C O M M O D I T I E S PA G E 3 1
YOUR DAILY FINANCIAL MARKET S ROUNDUP I N S I D E R M OV E S . T R A D I N G T H E M E S . E V E N T S . FO R E X PA G E 3 0
G L O BA L M A R K E T S PA G E 2 9
RESEARCH: TAI TS [tai@bizedge.com] M A I N M A R K E T . A C E M A R K E T L I ST I N G PA G E 2 5

KLCI 1,596.28 3.21 FBM ACE 4,525.54 5.49 FTSTI 3,158.80 8.04 NIKKEI 22,044.45 83.74 HANG SENG 26,468.95 285.17 DOW JONES 27,147.08 36.28

“If it weren’t for the last minute, nothing Market movers

would get done. — Rita Mae Brown
Daily top 20 active stocks
UNUSUAL MARKET ACTIVITIES TURNOVER CHANGE CHANGE PRICE PE DIVIDEND
FBM KLCI & KLCI futures intraday (‘000) (RM) (%) (RM) RATIO YIELD (%)
STOCK VOLUME CHANGE CHANGE CLOSE HIGH LOW ARMADA 177,411.5 0.030 9.52 0.345 — 1.07
('000) (%) (RM) (RM) (RM) (RM) MNC-PA 150,338.4 -0.005 -12.50 0.035 — 0.00
Index point
1600.0 MNC-PA 150,338 -12.50 -0.005 0.035 0.045 0.035 SAPNRG 104,035.5 UNCH UNCH 0.290 — 2.44
1598.7 GPACKET-WB 68,432 1.89 0.005 0.270 0.270 0.260 KNM 83,542.9 0.020 5.06 0.415 — 0.00
1597.4 1,596.28 HSI-C7J 64,646 -12.00 -0.030 0.220 0.260 0.210 GPACKET-WB 68,432.2 0.005 1.89 0.270 — 0.00
(-3.21) HSI-C7F 54,815 -12.09 -0.055 0.400 0.470 0.375 HSI-C7J 64,646.0 UNCH UNCH 0.220 — 0.00
1596.1
1594.8 ,-
$PNQPTJUF
*OEFY NETX 44,502 50.00 0.005 0.015 0.015 0.005 HSI-C7F 54,815.1 UNCH UNCH 0.400 — 0.00
KOMARK 41,084 -5.56 -0.020 0.340 0.370 0.340 VSOLAR 51,068.8 -0.010 -10.53 0.085 — 0.00
1593.5
HSI-H6S 37,134 19.35 0.030 0.185 0.200 0.145 NETX 44,501.6 0.005 50.00 0.015 — 0.00
1592.2 1,589.50
(-2.50) SMTRACK 34,595 -1.96 -0.005 0.250 0.260 0.250 KOMARK 41,083.5 -0.020 -5.56 0.340 — 0.00
1590.9 ,-$*
GVUVSFT KNM-WB 33,497 2.56 0.005 0.200 0.205 0.195 HSI-H6S 37,133.9 -0.005 -2.63 0.185 — 0.00
1589.6 DNEX 28,633 7.41 0.020 0.290 0.295 0.270 SMTRACK 34,594.6 -0.005 -1.96 0.250 — 0.00
1588.3 HSI-H8B 28,256 10.77 0.035 0.360 0.380 0.310 MNC 33,618.8 0.005 4.55 0.115 — 0.00
1587.0 AAX 22,771 0.00 0.000 0.170 0.175 0.165 KNM-WB 33,497.4 0.005 2.56 0.200 — 0.00
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15
HSI-C7E 18,004 -11.63 -0.025 0.190 0.230 0.185 UZMA 31,957.9 0.070 8.19 0.925 9.21 0.00
PUC 17,471 7.69 0.005 0.070 0.070 0.060 DNEX 28,632.9 0.020 7.41 0.290 15.17 1.85
Daily FBM KLCI SAPNRG-WA 15,128 -4.17 -0.005 0.115 0.120 0.115 HSI-H8B 28,255.9 -0.015 -4.00 0.360 — 0.00
DNEX-WD 13,631 7.69 0.005 0.070 0.070 0.060 VELESTO 24,530.4 UNCH UNCH 0.305 — 0.00
AAX 22,770.5 UNCH UNCH 0.170 — 0.00
,-
$PNQPTJUF
*OEFY .PWJOH
BWFSBHF

EBZ Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
GPACKET 22,245.3 0.020 2.84 0.725 — 0.00
2030.0 traded for a particular counter on the previous trading day is more than triple the average volume for the
1,596.28
(-3.21) last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of
market expectations for these counters. Top gainers and losers (ranked by RM)
1727.5

1,599.69 KLCI ends lower on US rate UP

CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

outlook as CPO prices fall

1425.0 TASEK-PA 7.430 1.710 NESTLE 145.800 -0.700
DLADY 57.560 0.860 BAT 20.000 -0.320
AJI 16.880 0.500 MPI 9.100 -0.260
1122.5
G3 2.840 0.380 HSI-C7V 0.665 -0.185
KUALA LUMPUR: The FBM KLCI ended 3.21 points or 0.2% G3-WA 2.540 0.290 HLFG 16.260 -0.160
820.0 lower to 1,596.28 yesterday after the US Federal Reserve (Fed) MAGNI 6.400 0.230 UTDPLT 25.180 -0.160
Jan 2, 2008 Sept 19, 2019
cut interest rates on Wednesday but indicated a higher bar F&N 35.600 0.200 TM 3.520 -0.140
to further reductions. The ringgit weakened against such LIIHEN 3.130 0.170 ENGKAH 0.870 -0.130
900 sentiment. SHANG 5.200 0.160 KPJ-CV 0.040 -0.110
KESM 7.250 0.150 HLIND 10.500 -0.100
In theory, interest rate cuts are good for the stock market
600 PENTA 4.140 0.120 IHH 5.650 -0.100
and bad for currencies. In currency markets, the ringgit HSI-H8G 1.080 0.115 AEON-CU 0.050 -0.100
300 weakened to 4.1912 versus the US dollar at the time of writing.
Reuters reported that Asian shares extended declines Top gainers and losers (ranked by%age)
0 yesterday after the Fed signalled a higher bar to further

 
7PMVNF
NJM
easings, while the Bank of Japan (BoJ) also held off from UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
offering more stimulus as some had hoped.
FBM KLCI futures It was reported that the Fed cut rates for the second PHB 0.010 100.00 KPJ-CV 0.040 -73.33
HSI-C5S 0.010 100.00 AEON-CU 0.050 -66.67
CONTRACT SETTLEMENT CHANGE HIGH LOW
time this year as global growth risks intensified, forcing
SIME-C33 0.040 60.00 PESONA-WC 0.005 -50.00
SEP 19 1,589.50 -2.50 1,594.50 1,587.50 policymakers around the world to step up efforts to stimulate NETX 0.015 50.00 MAHSING-WC 0.005 -50.00
OCT 19 1,591.00 -2.50 1,596.50 1,590.50 their economies. It was reported that earlier in the day, the SIME-C34 0.030 50.00 HSI-C5Q 0.015 -40.00
DEC 19 1,593.50 -3.00 1,598.00 1,593.50
BoJ kept policy steady as expected, though there were some SCIENTX-CF 0.015 50.00 APFT 0.010 -33.33
expectations the Japanese central bank would ramp up its HARTA-C22 0.030 50.00 GENM-C58 0.010 -33.33
FBM KLCI sensitivity* already massive stimulus. HSI-C5V 0.020 33.33 GCB-CE 0.045 -30.77
FGV-C77 0.020 33.33 IHH-C12 0.050 -28.57
KLCI CHANGE CLOSE VOLUME According to Reuters, Asian equities were already on the
POINTS (RM) (RM) ('000) BORNOIL-WC 0.020 33.33 IHH-C13 0.050 -28.57
MAXIS 0.61 0.050 5.700 1007.0
back foot after Fed Chairman Jerome Powell took a more PETGAS-CU 0.130 30.00 VIVOCOM 0.015 -25.00
CIMB GROUP 0.45 0.030 5.040 5519.3 guarded approach to any further reductions in borrowing costs. TASEK-PA 7.430 29.90 INIX-WA 0.015 -25.00
PETRONAS GAS 0.25 0.080 16.540 715.4 “The Fed cut interest rates to 1.75% to 2% in a 7-3 vote
PRESS METAL 0.19 0.030 4.930 2636.3 but signalled further cuts are unlikely as the labour market Top gainers and losers - warrants (ranked by%age)
TENAGA NASIONAL 0.18 0.020 13.620 964.0 remains strong. The rate cut was widely expected, but the split
GENTING -0.18 -0.030 5.770 6760.9 UP CHANGE DOWN CHANGE
IOI CORPORATION -0.20 -0.020 4.400 2152.8
vote has raised some concern about predicting the future CLOSE (%) CLOSE (%)
DIGI.COM -0.24 -0.020 4.760 1802.8 path of monetary policy,” Reuters reported. — by Justin Lim HSI-C5S 0.010 100.00 KPJ-CV 0.040 -73.33
NESTLE MALAYSIA -0.26 -0.700 145.800 51.0
World equity indices SIME-C33 0.040 60.00 AEON-CU 0.050 -66.67
HONG LEONG FINANCIAL -0.29 -0.160 16.260 103.4 SIME-C34 0.030 50.00 PESONA-WC 0.005 -50.00
HAP SENG CONSOLIDATED -0.31 -0.080 9.820 105.0 CLOSE CHANGE CLOSE CHANGE SCIENTX-CF 0.015 50.00 MAHSING-WC 0.005 -50.00
SIME DARBY -0.32 -0.030 2.310 7105.5
DOW JONES 27,147.08 36.28 INDONESIA 6,244.47 -32.16 HARTA-C22 0.030 50.00 HSI-C5Q 0.015 -40.00
GENTING MALAYSIA -0.37 -0.040 3.060 14473.3
S&P 500 3,006.73 1.03 JAPAN 22,044.45 83.74 HSI-C5V 0.020 33.33 GENM-C58 0.010 -33.33
SIME DARBY PLANTATION -0.64 -0.060 4.840 1289.9
NASDAQ 100 7,888.56 -0.23 KOREA 2,080.35 9.62 FGV-C77 0.020 33.33 GCB-CE 0.045 -30.77
MAYBANK -1.05 -0.060 8.640 6754.4
FTSE 100 7,314.05 -6.35 PHILIPPINES 7,911.32 -3.97 BORNOIL-WC 0.020 33.33 IHH-C12 0.050 -28.57
IHH HEALTHCARE -1.36 -0.100 5.650 1651.5
AUSTRALIA 6,717.50 35.90 SINGAPORE 3,158.80 -8.04 PETGAS-CU 0.130 30.00 IHH-C13 0.050 -28.57
SUB-TOTAL -3.54
CHINA 2,999.28 13.62 TAIWAN 10,894.70 -34.75 TASEK-PA 7.430 29.90 INIX-WA 0.015 -25.00
OTHERS 0.33
HONG KONG 26,468.95 -285.17 THAILAND 1,640.66 -13.48 HSI-H6Q 0.110 29.41 PTRANS-WA 0.030 -25.00
GRAND TOTAL -3.21
INDIA 36,093.47 -470.41 VIETNAM 997.10 1.95 TEKSENG-WA 0.050 25.00 HSI-C5W 0.015 -25.00
* How stock price changes affected the index on the previous trading day

Published by The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia.
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FE ATU RE
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Chris Bosse From

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projects going 99 Residence in and nature’s land of
forward Taman Wahyu wisdom harvest

Klang’s
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Klang folks are pretty loyal when it comes
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NEWS HIGHLIGHTS from www.EdgeProp.my
Matrix Concepts
ventures into
healthcare
Matrix Concepts Holdings Bhd is
venturing into the healthcare sector
by signing a Management Agree-
ment for operational management
of the Pusat Hemodialisis Mawar’s
(PHM) specialist hospital division,
hemodialysis centre and clinics
in Bandar Sri Sendayan, Negeri
Sembilan.
Under the terms of the agree-
ment, which was signed between
Matrix Concepts’ subsidiary Matrix
Medicare Sdn Bhd and PHM on
Tuesday, Matrix Medicare will ex-
clusively manage the centres for 30
years, providing services relating
to non-clinical matters including
financial, administration and man-
agement of resources.
“This partnership will also pro-
vide us with an ideal platform to fa-
miliarise ourselves with the hospital
industry, as we look forward to the
establishment of a major medical
centre in the Central Business Dis-
trict of our Bandar Sri Sendayan
township,” said Matrix Concepts
chairman Datuk Haji Mohamad
Haslah Mohamad Amin.
Developer ˎned
RM1.5m for abetting
Ku Nan’s bribery case
B u s i n e s s m a n D a t u k Ta n E n g
Boon was fined RM1.5 million by
the High Court here on Tuesday
after he pleaded guilty to a charge
for abetting the former Federal
Territories Minister Datuk Seri
Tengku Adnan Tengku Mansor in
receiving a RM1 million bribe.
The High Court was supposed to
hear Tan’s application to postpone
trending
now
LAUNCHES + EVENTS
Gamuda Cove
Grand Opening
Date: Sept 21 (Sat)
Time: 11am to 9pm
Venue: Gamuda Cove Experience
Gallery, Persiaran Cove
Sentral, Bandar Gamuda
Cove, Banting, Selangor
Contact: (016) 299 1666
Come celebrate the grand
opening of Gamuda Cove
Experience Gallery with the
first 30ft giant Pinkfong in
Malaysia. Enjoy exclusive
attractions such as a comedy
show with Harith Iskander, hot
air balloon rides and more.
Mid-autumn Fiesta
at Berkeley Uptown
Date: Sept 21 (Sat)
Time: 10am to 9pm
Venue: Paramount Property
Gallery @ Berkeley Uptown, Lot
HOC for foreigners via MM2H an effort
to restore economy — Zuraida
The proposed Home Ownership
Campaign (HOC) for foreigners
through the Malaysia My Second
Home (MM2H) programme is
meant to resolve the issue of un-
sold luxury homes and is part
of efforts to restore the coun-
try’s economy, said Housing
and Local Government Min-
ister Zuraida Kamaruddin.
She noted that the sale
of the unsold hous-
es would provide
more opportuni-
ties for develop-
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the hearing of his case, which is
to be heard jointly with Tengku
Adnan’s case.
The property developer, how-
ever, made a sudden change by
pleading guilty to the alternative
charge prior to the trial which was
scheduled to commence yesterday.
75 & 1874, Jalan Delima / KU1,
Off Jalan Kapar, Klang, Selangor
Contact: (03) 3358 2747
Paramount Property invites all
to celebrate the Mid-autumn
Festival at Berkeley Uptown.
Lots of exciting activities await
you and your family such as
test driving the latest Mercedes
Benz cars, Chinese tea-brewing
session, mooncake-making
workshop and many more!
M Arisa Show Units Preview
Date: Sept 21 & 22 (Sat & Sun)
Time: 11am to 5pm
Venue: M Arisa Sales Gallery,
S-G-07 Maxim Citylights
Sentul, 25, Jalan Sentul Pasar,
Sentul, Kuala Lumpur
Contact: (03) 9212 8310
Mah Sing’s M Arisa is currently
opened for registration and
the show units are planned
ers to build more affordable homes
in the country.
“To those who criticised
the proposal, it could
be because they don’t
understand the con-
cept of the country’s
economy, whereby
in this kind of situ-
ation, we should try
to solve it by liq-
uidating the
c o u n t r y ’s
economic
situation,
For the alternative charge made
under Section 165 of the Penal
Code, Tan can be sentenced to a
maximum of two years jail or a fine
or both, if convicted.
Glomac to launch
RM903m properties
in 2HFY20
Glomac Bhd targets to acceler-
ate the pace of new launches in
the second half of this financial
year ending April 30, 2020 (FY20)
featuring a diverse range of prod-
ucts with a total estimated gross
development value (GDV) of RM903
million.
“The upcoming launches will
remain in the mid-market and af-
fordable segments while the land-
ed residential projects in town-
ships such as Saujana Perdana and
Saujana KLIA continue to sustain
steady sales,” the property devel-
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Go to www.EdgeProp.my to download for free
If you have any real estate-related events, email us at editor@edgeprop.my.
Events listed here will also appear on www.EdgeProp.my.
for preview from Sept 21. In
conjunction with the mid-
autumn festival, there will
be plenty of family-friendly
activities and workshops.
Chin Hin Property
Mid-autumn Festival
Celebration
Date: Sept 22 (Sun)
Time: 10am to 5pm
Venue: 8th & Stellar Sales
Gallery, Wisma Chin Hin,
No. 2, Jalan 1/127, Off Jalan
Kuchai Lama, Kuala Lumpur
Contact: (03) 7984 7878
Chin Hin Property Development
will be hosting a Mooncake
Festival filled with activities
such as bubble milk tea and
mooncake workshops, and more.
You City III Mid-autumn
Celebration
Date: Sept 21 & 22 (Sat & Sun)
Time: 10am to 6pm
Venue: You Vista, VG-01 &
VG-02, Jalan Persiaran You City,
Taman Suntex, Cheras, Selangor
Contact: (03) 9081 9900
OSK Property will be hosting
a mid-autumn celebration at
to restore the economy and the
housing industry.
“If it remains frozen, there
are 140 downstream industries
that are affected by the housing
industry.
“So, by liquidating the econ-
omy with the sale of the houses,
the banks will be getting repay-
ments from developers. This will
activate economic activities,
create employment, etc,” she
told reporters after the declara-
tion of Seberang Perai as a city
on Monday.
oper said in a recent financial re-
sults press statement.
The company announced a net
profit of RM3.46 million for the
quarter ended July 31, 2019, up from
RM1.01 million a year earlier, on
lower revenue of RM51.87 million.
Country Heights CEO
resigns after failing
to restructure debts
Country Heights Holdings Bhd
group CEO Datuk Low Kok Thai
has resigned, just six months after
being appointed to the post.
According to the company’s fil-
ing to Bursa Malaysia on Wednes-
day, the reason of his resignation
is “due to his unsuccessful efforts
in assisting Country Heights and
its grou p of companies in restruc-
turing debts after exhausting all
avenues with local financial insti-
tutions”.
its You Vista Sales Gallery.
Come together to celebrate the
occasion with your loved ones
and enjoy activities such as
mooncake- and lantern-making.
Serini Melawati Street
Food Weekend
Date: Sept 22 (Sun)
Time: 10am to 4pm
Venue: Serini Melawati, Tower 1,
Level 8, Sime Darby Property at
KL East, Off Middle Ring Road 2,
Desa Melawati, Kuala Lumpur
Contact: (03) 4162 1788
Sime Darby Property is hosting
a street food weekend at its
Serini Melawati Sales Gallery
featuring an assortment of
yummy delights. Visitors also
get a chance to check out the
freehold serviced apartment,
Serini Melawati, plus other
rebates and packages.
FR IDAY S E P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY
Universal Design for EcoWorld’s
projects going forward
BY S H AWN N G
PETALING JAYA: Future projects
by Eco World Development Group
Bhd (EcoWorld) will be based on
Universal Design principles which
aim to create holistic and sustain-
able living environments for resi-
dents of all ages.
Universal Design is a design ap-
proach towards creating a built
environment that can be accessed,
understood and used to the great-
est extent possible by all people
regardless of their age, size, ability
or disability.
A memorandum of understand-
ing was inked between the devel-
oper and Kaohsiung Medical Uni-
versity Hospital (KMUH) of Taiwan
earlier in February this year which
will enable EcoWorld to leverage
KMUH’s expertise in healthcare
and wellness services as well as in
creating properties that are all-ag-
es-friendly.
“We are very lucky to work to-
gether with KMUH, which is an es-
tablished and reputable wellness,
care and medical service provider
in Taiwan. They are teaching our
team to understand the needs of
looking after children and the el-
derly,” said EcoWorld president
and CEO Datuk Chang Khim Wah.
“We also learnt some tips from
KMUH about Universal Design
which will be adopted in the design
of our future projects in order to
really improve the quality of living
and create a holistic living environ-
ment in our developments.
“These design elements in-
clude ramps, slopes at entrances
and bathrooms that allow wheel-
Millions in England one pay cheque away
from homelessness
BY A D E L A S U L I M A N
LONDON: Almost three million
people in England are one pay
cheque away from losing their
homes because they cannot pay
the rent, housing charity Shelter
said on Thursday.
Just under half of working people
living in privately rented homes in
England would be unable to afford
rent for more than a month if they
lost their job, the charity said in a
new report.
“I work two jobs, but I’m still in
a precarious position. If for some
reason I lost my job, I worry how
quickly we’d end up homeless,”
Zoe, a 44-year-old single mother,
told Shelter.
“I know it’s the same for thou-
sands of other people like me —
Ho (left) and Chang
sharing EcoWorld’s
future plans at the Eco
Sanctuary Gallery
chairs to be manoeuvred easily,”
Chang told reporters at a recent
media tour held at Eco Sanctuary
near Kota Kemuning, Selangor.
This is in line with EcoWorld’s
goal to create a truly holistic and
sustainable community across all
its developments.
To achieve that, the developer
had earlier this year included the
element of holistic living into the
DNA of EcoWorld developments,
noted Chang.
“Together with great infrastruc-
ture; innovative lifestyle amenities
for all age groups; and sustainable
township design concepts, this new
element will bring in health and
wellness components as well as
digital technology that will con-
nect the residents to amenities in
the respective townships.
“The pioneering projects of Life
Space and Care Hub at Eco Ardence
and Eco Sanctuary, respectively
Wo orking peo oplle are
noow cau ught in ann
en
ndlesss cyclle of payin ng
grrosslyy expeenssiv
ve privvate
rennts th
hey caan ba arely
aff
fford — witth alll the
inssecurrity th
hatt brringss.
when you scratch the surface so
many people are living month to
month.”
The charity found the situation
was particularly bleak for working
families with children, and called
for more affordable social housing
as an alternative to private renting.
A report by the Children’s Com-
missioner for England in August
found thousands of homeless chil-
have been very successful. So, Life
Space and Care Hub will be part
of EcoWorld’s project DNA going
forward, where most of our high-
rise residential developments
will have a Care Hub and every
township will have a Life Space,”
he elaborated.
Care hub offers 24/7 nurse-on-
call service, monthly doctor con-
dren were being forced to sleep in
converted shipping containers and
guesthouses, in often dangerous
environments.
“Millions of working people are
now caught in an endless cycle of
paying grossly expensive private
rents they can barely afford — with
all the insecurity that brings,” said
Polly Neate, chief executive of Shel-
ter, in a statement.
“Many are terrified that even a
short-term dip in income could result
in them losing their home for good.”
Homelessness has been increas-
ing in England for nearly a decade
amid rising private rents, a freeze
on welfare benefits and a shortage
of social housing.
Official figures released by the
government this month showed
that 84,740 households were living
LOW YEN YEING | EdgeProp.my
Phase two of
Artezza by
The Parque,
which will
features
some
Universal
Design
elements is
expected to
unveil soon.
sultation and other healthcare and
medical services upon residents’
request. Life Space, on the other
hand, is a space where the com-
munity can participate in a series
of activities that are open to all ages
such as cooking, baking, painting
and dancing classes.
Meanwhile, to enable the res-
idents in its townships to enjoy a
in temporary accommodation in
England, such as hostels and shel-
ters, as at the end of March 2019 -
the highest figure since 2007.
The introduction of the Home-
lessness Reduction Act in 2018,
which increased the obligations
of local authorities, had prevented
some 58,290 households from be-
coming homeless in the last year,
according to the government.
The government also said it
had committed over 400 million
pounds (RM2.9 billion) to help
reduce homelessness and rough
sleeping — along with pledging
to deliver an additional 250,000
affordable homes by March 2022.
“Our reforms have increased the
amount of social housing stock by
79,000 since 2010,” Britain’s hous-
ing minister Esther McVey told the
EP 3
NE W S
seamless and convenient lifestyle,
the developer is continuously up-
grading its app, which allows a res-
ident to be connected to the amen-
ities in their respective townships.
“The app now allows one to com-
municate with their security per-
sonnel, apply for access permis-
sion for their guests and to book
facilities. Later on, we want it to be
connected to the amenities in the
township, such as schools, trans-
port system, restaurants and health-
care centres,” he said.
“Digital technology makes a lot
of difference. So the next step for
EcoWorld is to create integrated
health and wellness communities
which are connected digitally,” he
offered.
The Universal Design elements
will be added to the developer’s up-
coming projects, including phase
two of Artezza by The Parque.
Targeted to be launched by
end-September or October, it is a
unique four-storey module devel-
opment that features two premium
duplexes on the first two levels and
two penthouse units on the third
and fourth floors, said divisional
general manager Ho Kwee Hong.
Located on a 10-acre site, there
will be 41 modules offering 164
units targeted for completion in
2022. The duplexes come in built-
ups of 2,492 sq ft or 2,759 sq ft and
are priced from RM1.5 million.
The penthouses atop the duplexes
will feature built-ups of more than
3,000 sq ft with prices from RM1.7
million.
“There are also plans to launch a
small scale landed housing project
in November,” she added.
Thomson Reuters Foundation on
Thursday.
“We’re committed to building
the homes this country needs.”
Most European countries have
also seen a rise in homelessness in
the past decade, fuelled by fallout
from the global financial crisis and
an influx of migrants from Africa
and the Middle East.
“(This study) provides yet further
evidence that our housing market is
simply not working for many people,”
Darren Baxter, housing policy man-
ager at the Joseph Rowntree Foun-
dation, an anti-poverty charity, told
the Thomson Reuters Foundation.
“For those on low incomes, the
high cost of rents coupled with low
pay is seriously constraining their
ability to save for difficult times.”
— Reuters
 EP 4 FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY
COVER STORY
PICTURES BY THE EDGE MALAYSIA AND LOW YEN YEING | EdgeProp.my
F
B Y TA N A I LEN G
rom mouth-watering
bak kut teh (herbal pork
soup), crispy and flaky
layered roti canai, the
flavourful nasi lemak
and kopi-kaw to refresh-
ing yoyo ice (ice-blend-
ed fruit juice), as well
as delicious layer cakes, Klang in
Selangor is a food haven and is one
of the most popular day-trip destina-
tions for foodies from Kuala Lumpur
(KL) and Petaling Jaya (PJ).
However, ask anyone who currently
does not work or stay in Klang to buy
and set up home here and they will
probably tell you “No”.
Property consultancy PA International
head of research and project marketing
consultant Evelyn Khoo says the
mature and self-sustaining port city
that lies southwest of the Klang Valley
is usually not on a homebuyer’s list
when they go property-hunting.
“An old rundown distant place with
a lack of entertainment activities is
how most Klang Valley folks perceive
SAM FONG | THE EDGE
the town,” she tells EdgeProp.my.
Demand is high for A look at recent property transac-
Bandar Botanic and tion data however, tells a more positive
Ambang Botanic story of the hidden value of Selangor’s
houses due to their Royal Town, for property investors
lifestyle offerings. and homebuyers.
PA INTERNATIONAL
Khoo: For people who
do not live in Klang,
they may visit it for the
authentic food it offers
and the nostalgic feel it
exudes.
METRO REC
Wong: Housing values
are likely to be stable in
the short and medium
terms.
Klang has
recorded over
3,600 residential
transactions in 2018.
According to the National Property
Information Centre (Napic), Klang saw
a total of 3,666 residential property
transactions in 2018. Of these, more
than 85% or 3,127 concluded deals
were residential properties, about
70.5% or 2,567 were terraced hous-
es, 500 were high-rise residential,
178 were semidees and 90 were de-
tached houses.
The number of transactions were
higher than those recorded in more
popular property hot spots such as
Cheras in Kuala Lumpur (308 trans-
actions), Subang (508) and Puchong/
Kinrara in Selangor (1,855).
Although many people may not
consider moving to Klang, Khoo has
observed that the town’s housing de-
mand is strong as it is supported by
local Klangites who want to continue
living there.
Many who have lived there all their
lives or for most of their lives, would
still prefer to buy and live within Klang
although they often choose newer
projects or areas. A majority of new
homebuyers are family starters, those
who purchase for their children or
upgraders, Khoo adds.
“For people who do not live in Klang,
they may visit it for the authentic food
it offers and the nostalgic feel it exudes,
especially in Klang old town. But there’s
still something lacking when it comes
to persuading them to purchase a prop-
erty here,” she elaborates.
Compared with the previous year,
the number of residential proper-
ty transactions in Klang in 2018 has
declined, although housing prices
continued to rise. This, Khoo says, is
a sign of the market’s stability.
Metro Rec Sdn Bhd senior real es-
tate negotiator Alan Wong concurs
that demand is supported by the lo-
cal population who are involved in
the robust commercial and industrial
activities in Klang.
“Owners [in Klang] have strong
holding power and are not too in-
clined to lower their asking prices.
Hence, housing values are likely to
be stable in the short and medium
terms,” he says.
 FR IDAY S E P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY EP 5

COVER STORY

Top 5 most expensive... Some iconic

(RM psf, in 2018) AVERAGE PRICE Klang
BASED ON LAND AREA
landmarks.
...terraced house projects in Klang Being the
PROJECT NAME PRICE PSF royal town of
(RM) Selangor, the
Ambang Botanic 494 multicultural
Kampung Bukit Kapar 472 city is a home
to 861,189
Alam Villas Eco Residences 469
people and the
Bandar Bukit Tinggi 439
growing young
Bandar Botanic 425 population
has supported
...semidee house projects in Klang local housing
PROJECT NAME PRICE PSF demand.
(RM)
Ambang Botanic 489
Ridgewood Canary Garden 470
@ Bandar Bestari
Bandar Puteri Klang 459
Taman Mutiara Bukit Raja 357
Bandar Parklands 350

...detached house projects in Klang

PROJECT NAME PRICE PSF
(RM)
Ambang Botanic 481
Taman Sri Istana 403
Taman Alam Kemuning 357

THE EDGE
Taman Teluk Pulai 328
Bayuemas 283
SOURCE: EdgeProp.my

THE ROOF REALTY

offer stable long-term capital appre- Realty believes demand for terraced
Klang residential property prices are on an overall uptrend ciation. And 90% of the properties in houses in Klang will continue to grow
Klang are freehold, says Lim. due to their affordability. She also fore-
400
Hence the transactions and price sees rising interest from upgraders for
Detached house Semidee house growth of high-rise residential prop- the homes in the above-mentioned
erties in Klang have not moved as fast established townships.
Terraced house Condominium as those of terraced houses. The con- For those who prefer newer de-
Average price (RM psf)

300 dominium and serviced apartment velopments, Lim sees strong capital
SOURCE: NAPIC AND EdgeProp.my

segment saw 65 units sold in 1H2019 growth potential in Bandar Bestari

which were transacted at an average
200 price of RM210,373 or RM230 psf.
Among the new high-rise projects
in Klang are Trio by Setia in Bandar
Bukit Tinggi, GM Remia Residence in
100 Bandar Botanic, Maple Residences at
2012 2013 2014 2015 2016 2017 2018 1H2019 Canary Garden and Gravit8 in Kota
Bayuemas. These new offerings em-
phasise safety and lifestyle features,
targeting the younger generation of
Demand for terraced houses in Klang remains strong buyers in Klang.
5,000 Nevertheless, Khoo from PA
International says upgraders in Klang
Number of transactions (unit)
Lim sees strong capital
growth potential in
Bandar Bestari and
Berkeley Uptown,
especially upon
completion of the
LRT3 and KSL Mall.
The famous Chong Kok
and Berkeley Uptown, especially upon
completion of the Light Rail Transit 3
(LRT3) and KSL Mall, the largest shop-
ping mall in Klang which is slated to
be ready in three years.
The 37km LRT3 line connects Ban-
dar Utama in Petaling Jaya to Johan
Setia in Klang with expected comple-
tion in 2024. Meanwhile, The West
Coast Expressway is also expected to
create greater vibrancy in this part of
Selangor upon completion in 2022.
The expressway project involves the

4,000 certainly consider high-rises located Kopitiam is just a short development of a 233km tolled high-
within township developments that walk away from the way from Banting, Selangor to Taip-
3,000 boast quality living environments Klang train station. ing, Perak.
with recreational facilities, lifestyle
2,000 elements and safety features.
Indeed, residential properties in
1,000
existing township developments in
SOURCE: NAPIC AND EdgeProp.my

Klang that have the above elements,

0
2012 2013 2014 2015 2016 2017 2018 1H2019 especially those that address safety
Condominium 468 659 653 808 574 504 500 65 and security concerns, continue to
enjoy capital appreciation and healthy
Terraced house 2,658 3,223 3,294 2,760 2,650 2,781 2,567 325
demand such as in Bandar Botanic,
Semidee house 322 339 271 200 220 219 178 26
Ambang Botanic, Bandar Bukit Raja
Detached house 96 122 97 73 80 59 90 7 and Bandar Bukit Tinggi.
EdgeProp.my data shows that the
above townships received the highest
In terms of affordability, Klang has Preference for landed number of housing transactions in
a slight price advantage over neigh- homes 2018. Bandar Botanic saw 251 landed
bouring areas such as Subang Jaya and Klang area specialist Emily Lim, who homes change hands while Bandar
Shah Alam, especially for buyers who is also The Roof Realty Sdn Bhd pro- Bukit Tinggi and Bandar Bukit Raja
are looking for large, landed houses. bationary estate agent, says Klang has recorded 176 and 220 landed residen-
EdgeProp.my data revealed that bucked the trend whilst the overall tial transactions respectively.
the average transacted price of ter- Malaysian property market has slowed Metro Rec’s Wong concurs that
raced houses in Klang as at 1H2019 since 2015. Klang is currently experiencing a surge
was around RM441,776 or RM283.50 “In more established areas like in demand in these mature township
psf based on land size. Kuala Lumpur, Petaling Jaya and developments as well as in the newer
In the first half of this year, a to- Subang, we see more properties put Bandar Bestari.
tal of 26 semidees were sold at an up for auction in the current slow “Demand for secondary residential
average transacted price of RM1.13 market, but Klang auction properties properties in these areas are strong
million or RM364.50 psf. As many as are fewer in comparison,” she notes. as upgraders or young families pre-
seven bungalows changed hands at Klang folks are conservative prop- fer properties in gated-and-guarded
the average price of RM2.45 million erty investors who tend to choose neighbourhoods,” he adds.
or RM391 psf. landed and freehold properties that Going forward, Lim from The Roof
EP 6 FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY
N EWS
JL99 to launch 99 Residence
in Taman Wahyu
B Y R AC HE L CHE W
KUALA LUMPUR: Boutique prop-
erty developer JL99 Group will be
unveiling its latest project called
99 Residence @ KL North with an
estimated gross development value
(GDV) of RM750 million, on Sept
28 and 29.
The leasehold serviced apart-
ment project, which takes up sev-
en acres of a 17-acre site owned by
the developer in Taman Wahyu,
Kuala Lumpur, fronts the Middle
Ring Road 2 (MRR2) and will have
1,421 units spread evenly over four
blocks.
According to JL99 group chair-
man Datuk Seri Jeff Lee, the de-
veloper will be building a private
access road from the project to the
MRR2.
The units at 99 Residence come
in four design layouts with built-ups
ranging from 900 sq ft to 1,380 sq
ft. Every unit has at least three bed-
rooms and two bathrooms. Each
comes with at least two side-by-
side car park bays. Prices start from
RM498 psf with stamp duty exemp-
tion for those eligible under the
National Home Ownership Cam-
paign which is running until end
-December 2019.
“99 Residence is designed to
cater for own-stay, hence the con-
temporary dynamic design with
more than 48 common facilities
and spacious common areas,” Lee
told EdgeProp.my.
There are five facility zones lo-
cated on level 1, level 10 and the
Portugal’s property market getting too hot for some
B Y H EN R IQ UE A LM EIDA
LISBON: Ana Guerreiro points
across the street at a handful of
housing projects in Lisbon’s up-
and-coming riverside neighbour-
hood of Marvila. It’s where she
moved in with her mother last year
after soaring rents meant she could
no longer afford to live alone.
“Prices have gone through the
roof here,” said Guerreiro, 33.
Portugal is western Europe’s
most dynamic property market
thanks to tax incentives for for-
eign buyers and a so-called gold-
en visa programme, which offers
residence permits in return for a
minimum 500,000-euro (RM2.3
billion) investment. The flip side for
people like Guerreiro is that they
have become collateral damage
with no prospect of prices cooling
any time soon.
Foreign investors have pumped
4.3 billion euros into Portuguese
real estate through the residency
program since it began in 2012. Prime
LOW YEN YEING | EdgeProp.my
Lee: JL99 is building affordable
luxury homes for the people.
roof top level. Located on level 1 is
The Park which will have a jogging
path and a scenic walkway, while
the Aqua, the Garden, the Harmo-
ny and Energetic Zone are located
on level 10 with facilities such as a
lagoon pool and lap pool, garden,
children’s playground, fitness sta-
tion, aerobics room, squash court,
and a multipurpose hall with bad-
minton court.
There is also an infinity sky pool
on level 53A which will also offer
the Sky BBQ area, the Sky Party
Lounge, Sky Bridge (linking Block
B with Block C) and the Sky Pavil-
ion, just to name a few.
“Besides the extensive facili-
ties for residents of all ages, we de-
signed this project from the user’s
Street art murals, including the Barcelos rooster, adorn the side of
residential buildings in Lisbon’s Marvila district.
Minister Antonio Costa has signalled
the country needs the incentives to
continue to bring in money.
Lisbon has become a magnet for
tourists in Europe as many investors
renovate properties and turn them
into short-term rentals through sites
like Airbnb. According to the latest
figures, Portuguese property prices
increased 9.2% in the first quarter
99 Residence is a residential project with a private ːyover that
provides direct access to MRR2.
perspective, with features such as
an additional direct access vehicle
speed ramp to designated car park
levels for residents’ convenience,
as well as the space efficiency de-
sign,” Lee explained.
He noted that the project’s com-
mon areas and facilities are more
spacious than the standard require-
ments. For instance, the corridors
(8ft), the vehicle ramp (12ft), the
multipurpose hall (7,400 sq ft) and
sky gym (4,500 sq ft) are all wider
than normal.
“We have lower density and larg-
er areas for common facilities and
services, hence we are sacrificing
our net saleable space and GDV in
return for the comfort of residents,”
said Lee.
of the year, the biggest gain in the
euro region and the steepest rise in
the European Union after Hungary
and the Czech Republic, according
to data compiled by Eurostat.
“They just can’t afford to say
no,” said Tiago Caiado Guerreiro,
a lawyer in Lisbon who specialises
in tax legislation. “These incentives
have turned cities like Lisbon into
JL99 GROUP
Exclusive access road
straight to MRR2
While recognising the stiff com-
petition from other new projects
in Taman Wahyu, Lee is confident
99 Residence will do well, given its
location.
“Our project is strategically lo-
cated right beside the MRR2 and
Jalan Kuching, 13km away from
KLCC. Residents get to enjoy the
view of the majestic Batu Caves and
unobstructed KL city centre views.
“Another feature that makes our
project different is the private flyo-
ver access road (ingress and egress)
from the MRR2, which gives our res-
idents another option when Jalan
Kuching, the main access road to
Taman Wahyu, is too congested
a magnet for foreign investors who
helped put the city on the map as
a top tourist destination.”
Variations on Portugal’s incen-
tives have been adopted across
countries around the world. They
tend to last until a critical mass of
vocal opponents conclude the costs
— soaring housing prices, absentee
homeowners and allegations of cor-
ruption — outweigh the benefits,
and politicians drop them.
Portugal’s particular circum-
stances may forestall that outcome
for longer than in other places as
there are still plenty of properties
in need of renovation, and prices
remain relatively reasonable com-
pared with other parts of Europe.
Not long ago, as Europe recov-
ered from the global financial crisis,
Portugal lagged behind its neigh-
bours in attracting investment —
and it showed. Buildings in Lisbon
were crumbling.
All that began to change after the
government scrapped rent controls
in 2012 and introduced the gold-
during peak hours,” he pointed out.
The flyover is slated for completion
before the handover of 99 Resi-
dence in three-and-half-years’ time.
Taman Wahyu is also current-
ly served by Taman Wahyu KTM
station. The construction of Sri
Delima MRT station about 2km away
is expected to be completed in 2021.
The current package by 99 Res-
idence offers free shuttle service to
MRT and KTM train station, free door
grill, kitchen cabinet, air-con, water
heater, smart lock and RFID guard-
house car access system. The devel-
oper is also running a RM3-million
-worth-of-prizes lucky draw campaign.
“JL99 is building affordable lux-
ury homes for the people. We will
continue to stamp our mark on the
industry in elevating urban living
standard.
“This is why we need to hit the
sweet spot — the value added to
the money spent on a property.
The key to survival in such tough
times is to sell a project as soon as
possible to shorten the turnover
time, so that we can move on to
the next project with resources in
hand,” said Lee.
He added that 99 Residence and
the remainder of the 17-acre plot
will keep the team busy for the next
seven years.
“The next phase will also be a
high-rise residential project. We
will also have some commercial
units but the details are yet to be
finalised,” he revealed. The group is
also looking to launch a Residensi
Wilayah project in Sri Rampai soon.
en visa and tax breaks to attract
wealthy foreign residents and in-
vestors. At the time, about 12,000
buildings were in poor condition
or in ruins, according to city coun-
cil estimates.
Now, Lisbon’s hilltop palaces
are being restored, and hundreds
of buildings converted into hotels,
short-term rental apartments and
luxury stores. Investment in real
estate and the tourism industry
has broken records, boosting the
Portuguese economy.
Ana Pinto, the president of the
Association of Residents of the Coun-
ty of Marvila, can see benefits of more
money coming into her town.
But she complains that some of
the more than 600 members of her
association are moving elsewhere
after home prices rose 88% in the
first quarter from a year earlier,
according to Portugal’s National
Statistics Institute in Lisbon.
“Real estate prices have simply
become unbearable for us,” said Pinto.
“What can we do?” — Bloomberg
FR IDAY S E P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY EP 7

F E ATU R E

Chris Bosse
BY C H EL SE Y POH

E
nvironmental issues are
becoming more pressing
these days as humanity
tries to address the prob-
lems plaguing Mother
Earth. With the high vol- — combining technology
and nature’s wisdom
ume of carbon emissions stemming
from the building industry, architects
are now occupying the driver’s seat in
the fight to save the environment.
Architecture can contribute in a big

PETER BENNETTS
way to create a liveable environment
in the urban sprawl using the latest
technology, and German-born archi-
tect Chris Bosse has a large say in how
this can be done.
Bosse was a key designer of China’s Bosse: Sustainability
Beijing National Aquatics Centre, also is not a question of
known as the Water Cube. Currently ecological outlook,
based in Sydney, Australia, he is a co- but sheer necessity.
founder of and director at Laboratory
for Visionary Architecture (LAVA)
that oversees Asia Pacific operations.
He is also an Adjunct Professor of
Architecture at the University of
Technology Sydney (UTS).

Learn from nature

Global warming, as well as land and
water pollution are major headaches
in the 21st century. “An additional two
billion people will require housing
with a necessity for efficient, sustain-
able, and creative solutions. Sustain-
ability is not a question of ecological
outlook, but sheer necessity,” Bosse
tells EdgeProp.my.
He believes that architecture has
to serve people and reflect the society Bosse was a And technology plays an important digitally. It should enable you to gener- He hopes to “cross-fertilise” ideas
it is in. The way people live, work and key designer of role in trying to make use of nature’s ate a new environment,” he explains. and experiences at the event so that
communicate is changing radically, yet China’s Beijing wisdom. “Technology has transformed Bosse is keen to share his ideas on people learn from each other, and audi-
mainstream architecture is still wide- National the way we think about space, and the merging man, technology and nature ences are stimulated to think about how
ly based on outdated technologies, Aquatics way we create it. It is the vehicle that to create synergy in the urban environ- design can transform the way we live.
Bosse says. Centre (more allows architects and designers to re- ment during the Indoor Design Confer- Bosse will also be sharing insights
“The solution is there right before commonly define or renegotiate the way we live ence 2019 (IDCON 2019). Co-organised into how geometries in nature create
us — nature. Nature has optimised its called the our day-to-day lives — the spaces we by Panasonic and Gain City, IDCON both efficiency and beauty, and what
systems and processes. Its principles Water Cube). inhabit, and more precisely, how we 2019 will be held from Sept 27 to 29 at architecture can learn from nature in
don’t change, but it can adapt quickly experience them. Samanea Home Living Centre in Glo the areas of structure, material and
when environments change,” he says. “It’s not just a tool that helps do things Damansara, Kuala Lumpur. building skin.

LAVA

Q&A with Chris — How can one achieve both aesthetic

Architecture and sustainable building design
What is your philosophy in building
design?
LAVA’s creative process for all our projects, big or
small, is: Mankind, Nature and Technology.
Humans are at the centre of everything we
design, whereas nature is our inspiration for form,
structure and sustainability as well as wellbeing.
For us, nature holds all the answers.
Think of a tree that filters the air, filters water,
produces oxygen, and is self-generating. It carries
leaves and fruits, a multiple of its own structural
weight. Think of a coral reef where thousands of
species thrive in coexistence with each other and
the elements, air, water and sun.
For technology, computation allows people to
simulate natural behaviour, such as growth and
adaptation of species. It is often misunderstood
as superficial mimicry, but the potential is in un-
derstanding the principles behind nature, not only
the appearance.
We live in a world where things change rapidly
and often, the cheapest and less innovative is the
choice of the day. Researching, testing, apply-
ing, and even failing, are all necessary steps to
a better future. Innovation doesn’t happen over-
night, but the consequences are enormous for
our future.
What is your definition of a sustainable
building?
Sustainability is multi-dimensional. It is not only
about the fundamentals of conservation, renewal
and maximisation of resources. Sustainability has
to be looked at beyond just energy consumption.
Moreover, sustainability is certainly not about the
application of fancy technology on the outside but
about developing a building from the inside out.
More broadly, sustainability exists at func-
tional, structural and social levels. Think of fu-
ture-proofing, adaptability, flexibility and inclusiv-
ity. Our vision is to design buildings that are open,
versatile, adaptable and reactive to external forces,
contemporary times and changing needs.
An important example of a sustainable building
design are the building envelopes — no building skin
today approaches the performance of the biological
world. The traditional curtain wall is passive, lacking
the power to adjust to the fluctuating external envi-
ronment. But like a skin of a snake or a spacesuit for
a new environment, the facade of the future can react
to the environment, temperature, humidity and air
pressure, and can have embedded layers of technolo-
gy and sustainability, saving water, producing energy
and communicating information to occupants inside
the building as well as to the outside world.
value and sustainability of a building?
This can be achieved through basing the design on
naturally evolving systems, such as bubbles, spider
webs and corals. These geometries in nature create
both efficiency and beauty.
They generate new building typologies and
structures — such as membranes, minimal sur-
faces, inflation/pneumatic structures, branching,
adaptive structures, cellular structures and evo-
lutionary structures.
By combining digital workflow, nature’s struc-
tural principles and the latest digital fabrication
technologies we build MORE WITH LESS: more
architecture with less material/energy/time/cost.
What are you working on currently,
and what is your next goal and
aspirations?
LAVA projects currently under construction include
a university master plan and headquarters in
Riyadh, mixed-use projects in Berlin, Ho Chi Minh
City and Hangzhou. We have a number of large-
scale projects coming up in Vietnam — a new 16ha
Central Park in Ho Chi Minh City, and we just built
an eco-kindergarten.
My goal for the next 12 months is to increase A design proposal for Bionic Tower,
exponentially, not necessarily in size but in speed Hong Kong: The design creates a
and in progress. The prediction is that all inven- fully integrated intelligent facade
tions in the world will be reinvented in the next that responds to its environment to
decade. So, there will be more inventions than create maximum energy efˎciency
there has been in the history of humankind! and user comfort.
EP 8 FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH EEDGE F I N AN C I AL DAI LY

F EATU R E
Volunteers
from
education
institutions
coming in
to help at
TTDI Edible
B Y N ATA L IE KHOO

A
Community
Garden.
16,000-sq ft plot of
land which has been
left abandoned for
some time at the end
of Lorong Burhanud-
din Helmi 11, Taman
Tun Dr Ismail (TTDI) is flourishing
with all sorts of vegetables, thanks to
a group of volunteers who are passion-
ate about sustainable urban farming.
Known as the TTDI Edible Com-
munity Garden, there was a previous
attempt to work the land in 2012 but

PICTURES BY LOW YEN YEING | EdgeProp.my

it could not be sustained due to a lack
of manpower. However, in 2017, a sub-
branch under the purview of the TTDI
Residents’ Association was formed to
lead the rejuvenation of the land.
One of its active volunteers Mar-
garet Lee shares with EdgeProp.my
that the passion among the volunteers
was ignited following a visit to another
community garden in Subang Jaya to
see how it was run.
“After coming back from the visit, I

From neglected plot to

said, let’s work on our garden while the
iron is still hot. So, we cleared the land
that was filled with construction waste

at that time. While we were doing that,
we were also trying to figure out how to
go around setting up this community
garden officially,” Lee recalls.
Subsequently, they managed to get
in touch with City Hall’s (DBKL) Local
Agenda 21 (LA21) department tasked
to facilitate urban farming projects as
well as provide support.
“When we met with LA 21, they were
so excited to hear about what we want-
ed to do and asked us to proceed with
our urban farming plan, which was
very encouraging to us, as it gave us
the assurance that the project would
not be stopped halfway.
“Setting this garden up was not easy,
but definitely very fulfilling. The garden
grew as more residents chipped in. We
started with backyard composting, then
we had netting and now we are waiting
for the mulches to come in so that it
aids with the cutting of leaves, branches
Edible
Community
Garden
sits on an
L-shaped
plot of land
measuring
some
16,000 sq ft
in size,
land of harvest
and wood for the compost,” Lee adds.
Volunteers come in three times a
week every Tuesday, Thursday and
Saturday for two sessions in the morn-
ing from 9.30am to 11.30am and in the
evening from 4pm to 6.30pm with oc-
casional visits from non-governmental
organisations such as AIESEC as well as
colleges and universities. Visitors are
Lee and a advised to schedule or check with the
friend helping committee before they drop by.
out in the According to volunteer and garden
garden. manager Kernail Singh, awareness
TTDI Edible
Community Garden
volunteers (from left)
Joey Kee, Lee and
Kernail.
among residents has grown when it
comes to disposing their food and kitch-
en waste as they now know that it can
be turned into compost for the plants.
“The only thing the soil needs is
compost because it comes built-in with
enzymes, pesticide and nutrients that
the plants need. Every Saturday, we
have a garden sale of our organic veg-
etables and fruits such as long beans,
petolas, lady fingers, bananas, spinach
and papayas. Some people place their
orders during the week and collect them
during the weekend,” Kernail enthuses,
adding that proceeds go back to sus-
taining the farm.
Lee explains that in order to encour-
age zero-wastage, a waste-solution
provider company called iCYCLE Ma-
laysia headed by a TTDI resident col-
lects food waste every Thursday from
the houses in TTDI.
“We also have a collection bin on
site so they can just deposit their food
waste into the bin anytime they want.
There are many expatriates and resi-
dents who are not living in TTDI who
also drop their food waste at our col-
lection bin,” highlights Lee.
Aside from the urban farming and
composting activities, classes and work-
shops are also conducted for adults
and children on seed planting, build-
ing bug hotels and sand play, among
others. They have also been recently
approached by schools and organisa-
tions to conduct classes and workshops
on food composting for a fee which
will be used to fund the maintenance
of the garden.
“We have also recently come up with
a book exchange programme which
takes place every fourth Saturday of the
month. We are hoping to start a book
or reading club soon but we are still
waiting for the right time. As of now,
what we lack in the garden is electric-
ity and water, so hopefully we will get
that up soon,” Lee says.
For some residents, taking care
of the garden has been therapeutic.
Kernail shares about a lady who was
going through depression and a diffi-
cult time who said she felt better after
volunteering at the garden.
“To hear it from someone directly
how the gardening has helped her is
really encouraging to us,” Kernail says.
3XEOLVKHGE\7KH(GJH3URSHUW\6GQ%KG3/HYHO0HQDUD./.1R-DODQ3-80XWLDUD'DPDQVDUD3HWDOLQJ-D\D6HODQJRU0DOD\VLD
3ULQWHGE\8OWLPDWH3ULQW6GQ%KG+/RW-DODQ6HSDQD2II3HUVLDUDQ6HODQJRU6HNV\HQ6KDK$ODP6HODQJRU0DOD\VLD
 FR I DAY SEP TEM B ER 2 0 , 2 0 1 9 • TH EEDGE FI N AN C I AL DAI LY

S POTLIGH T F R I DAY AU G U S T 3 0 , 2 0 1 9
Click/tap on
each listing
Commercial Residential to visit the
Properties for sale and rent listing’s page

RM600,000 RM1,500,000 RM835,000 RM1,750,000

Casa Tropicana, Tropicana, Kiara 1888, Mont’Kiara, Faber Towers, Taman Desa, Subang Bestari, Selangor
Selangor Kuala Lumpur Kuala Lumpur Type: Semidee house Tenure: Leasehold
Type: Condominium Tenure: Leasehold Type: Condominium Tenure: Freehold Type: Condominium Tenure: Freehold Built-up: 4,200 sq ft Land size: 4,950 sq ft
Built-up: 1,188 sq ft Bedroom: 2 Bathroom: 2 Built-up: 4,125 sq ft Bedroom: 3 Bathroom: 5 Built-up: 1,100 sq ft Bedroom: 2 Bathroom: 2 Bedroom: 4 Bathroom: 5

Ann Soh (REN 03232) Ann Soh (REN 03232) Ann Soh (REN 03232) Aiman (REN 20482)
METRO REC SDN BHD (VE(1)0376/1) METRO REC SDN BHD (VE(1)0376/1) METRO REC SDN BHD (VE(1)0376/1) FML ZI VALUERS & PROPERTY CONSULTANTS
+6018 369 8650 +6018 369 8650 +6018 369 8650 SDN BHD (VE (1) 0294) +6014 669 6250

RM8,800,000 RM2,002,288 RM750,000 RM3,000,000

Tiong Nam Industrial Park,
Petaling Jaya, Selangor
Type: Factory Tenure: Leasehold
Built-up: 12,849 sq ft Land size: 13,083 sq ft
Aria Luxury Residence, KLCC,
Kuala Lumpur
Type: Condominium Tenure: Freehold
Built-up: 1,159 sq ft Bedroom: 2 Bathroom: 2
Taman Putra Sulaiman, Ampang,
Selangor
Type: Terraced house Tenure: Leasehold
Built-up: 2,200 sq ft Land size: 1,646 sq ft
Bedroom: 4 Bathroom: 3
Ferringhi Heights, Batu Ferringhi,
Penang
Type: Semidee house Tenure: Freehold
Built-up: 3,604 sq ft Land size: 3,014 sq ft
Bedroom: 5 Bathroom: 6

Angie Thean (REN 13000) Josephine Tan (REN 05324) Elvie Ho (REN 22102) Ian Tang (REN 22803)
ONE WSM PROPERTY (KL) SDN BHD (E(1)1823/6) CBD PROPERTIES (BUKIT JALIL) SDN BHD REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0451/1) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452)
+6012 333 0073 (E (1) 1197/12) +6012 390 9498 +6012 303 3788 +6018 278 3154

RM570,000 RM459,888 RM500,000 RM400,000

Menara Polo, Desa Pandan, Sri Hijauan, Shah Alam, Selangor Kinrara Puteri, Puchong, Selangor Residensi Gombak 126, Setapak,
Kuala Lumpur Type: Condominium Tenure: Freehold Type: Terraced house Tenure: Freehold Kuala Lumpur
Type: Condominium Tenure: Leasehold Built-up: 1,162 sq ft Bedroom: 4 Bathroom: 2 Built-up: 825 sq ft Bedroom: 4 Bathroom: 2 Type: Condominium Tenure: Freehold
Built-up: 1,485 sq ft Bedroom: 3 Built-up: 672 sq ft Bedroom: 2 Bathroom: 2
Bathroom: 2

Jimmy Ng (REN 02015) John Oh (REN 07002) Kelvin Tan Khai Yik (REN 31324) Kenny Lew (REN 25411)
REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0452/1) IQI REALTY SDN BHD (E (1) 1584) ASPIRE PROPERTIES (E (3) 1632) FULL HOMES REALTY SDN BHD (E (1) 1501/8)
+6016 257 0886 +6012 298 6266 +6016 403 2222 +6012 247 4805

RM950,000 RM260,000 RM1,550,000 RM895,000

Cloudtree Residence, Bandar
Damai Perdana, Cheras, Selangor
Type: Condominium Tenure: Freehold
Built-up: 1,815 sq ft Bedroom: 5 Bathroom: 4
Taman Prima, Bandar Bera, Seksyen 3 Bandar Baru Bangi, Desa Bistari, Damansara,
Bera, Pahang Bangi, Selangor Kuala Lumpur
Type: Terraced house Tenure: Leasehold Type: Bungalow Tenure: Leasehold Type: Condominium Tenure: Freehold
Built-up: 1,000 sq ft Land size: 2,800 sq ft Built-up: 3,500 sq ft Land size: 9,000 sq ft Built-up: 1,227 sq ft Bedroom: 3 Bathroom: 3
Bedroom: 3 Bathroom: 2 Bedroom: 8 Bathroom: 5

Lim Yuan Ling (REN 25667) Mohamad Nazeri Aziz (REN 22743) Mohd Faiz (REN 04003) Royston Lau (PEA 1570)
TECH REALTORS PROPERTIES SDN BHD (E (1) 1492) REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0452/1) TRUE VEST PROPERTY CONSULTANTS SDN BHD MAXLAND REAL ESTATE AGENCY (E (3) 0769)
+6012 372 9330 +6016 287 0975 (VE (1) 0249) +6013 308 3063 +6016 221 9389
FRIDAY SE P T E MB E R 20 , 20 1 9 • T HEED G E FINA NCIA L DA ILY

SP OTL IGHT
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RM1,900,000 RM550,000 RM860,000 RM580,000

Bangsar Baru, Kuala Lumpur
Type: Terraced house Tenure: Freehold
Built-up: 2,100 sq ft Land size: 1,870 sq ft
Bedroom: 5 Bathroom: 3
Soho Suites, KLCC, Kuala Lumpur
Type: Office Tenure: Freehold
Built-up: 628 sq ft
Venture Heights, Cheras South, Taman Nusantara Prima,
Selangor Nusajaya, Johor
Type: Terraced house Tenure: Freehold Type: Terraced house Tenure: Freehold
Built-up: 2,532 sq ft Land size: 1,400 sq ft Built-up: 2,245 sq ft Land size: 1,680 sq ft
Bedroom: 5 Bathroom: 4 Bedroom: 4 Bathroom: 4

Segar Xavier Kuppusamy (REN 04972) Suzanne Shoo Kim Looi (E2069) Terence Tih (REN 01644) Usha Sha (REN 17124)
SQUARE FEET REAL ESTATE (E (3) 1547) GRIFFIN PROPERTIES (E (3) 1792) TECH REAL ESTATE SDN BHD (E (1) 1537) GATHER PROPERTIES SDN. BHD (E (1) 1536/3)
+6014 338 3381 +6016 248 1679 +6017 668 2669 +6016 720 0135

SOLD FOR Done

RM1.58 million deal
(about RM842 psf)
Concerto North Kiara condominium
in Dutamas, Kuala Lumpur
Concluded by: Amy Chia (REN 05534) of Big Plus Properties
Sdn Bhd (+6012 289 7265) When: February 2019
RM4,700/mth RM865,000
Eco Sanctuary, Kota Kemuning, Located at Jalan Dutamas North Kiara. Glomac Damansara Residence,
Selangor Noteworthy Raya in Dutamas, Concerto “Another feature that Taman Tun Dr Ismail, Kuala
Type: Shoplot Tenure: Leasehold
North Kiara is a freehold caught the buyer’s eyes was Lumpur
Built-up: 1,500 sq ft Land size: 1,600 sq ft • Freehold Type: Condominium Tenure: Freehold
luxury condominium the private lift lobby to his
Bathroom: 2 • 3+1 bedrooms and 5 Built-up: 1,102 sq ft Bedroom: 3 Bathroom: 2
bathrooms project that consists of 440 unit offering privacy and
Wilson Lim (REN 29646) units by BCB Bhd. exclusivity. Concerto North Yat Min (REN 31294)
• Built-up: 1,876 sq ft
ONE WSM PROPERTY SDN BHD (E (1) 1823) The units come in Kiara is the only project WTW REAL ESTATE SDN BHD.(E (1) 0507/6)
• Partially furnished five layouts that offer that has such a feature in
+6016 353 0201 +6018 661 3088
and fully fitted with
3+1 bedrooms and 5 the Dutamas area,” she
kitchen appliances
bathrooms with built-ups added.
• Easy access to various
from 1,707 sq ft to 2,084 The average asking
expressways, namely
sq ft, according to the price for a unit at Concerto
the Duta-Ulu Kelang
Expressway (DUKE), developer’s website. North Kiara was about
New Klang Valley The project is only RM1.19 million or RM631 psf,
Expressway (NKVE) 2.4km away from Publika according to 95 sale listings as
and Sprint Expressway Shopping Gallery, at Aug 26 on EdgeProp.my.
MATRADE Exhibition and Based on 49 rental
Convention Centre, Garden listings on the property
International School and portal, average asking
Mont’Kiara International monthly rent was RM4,205
RM1,026,000 School. per month or RM2.41 psf,
RM1,150,000
Amy Chia of Big Plus translating to an indicative
Avanti Residences, Sungai Buloh, Properties Sdn Bhd, the rental yield of 3.95%. M City, Ampang, Kuala Lumpur
Selangor negotiator who concluded There were four Type: Condominium Tenure: Freehold
Type: Semidee house Tenure: Leasehold Built-up: 1,018 sq ft Bedroom: 2 Bathroom: 2
the deal, shared that the transactions at Concerto
Built-up: 2,750 sq ft Land size: 3,200 sq ft
buyer, who bought the North Kiara last year (2018)
Bedroom: 4 Bathroom: 2
unit for his own use, liked with an average transacted
Aiman (REN 20482) the low density living price of some RM1.25 Elvie Ho (REN 22102)
FML ZI VALUERS & PROPERTY CONSULTANTS environment at Concerto million or RM731 psf. REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0451/1)
SDN BHD (VE (1) 0294) +6014 669 6250 +6012 303 3788

RM5,855,250 RM8,800,000 RM279,888 RM550,000

Tropicana Indah Bungalow Land, Commercial land, Jalan Sg Besi, Sri Kesidang, Puchong, Selangor Atmosfera Condominium,
Tropicana, Selangor Pudu, Kuala Lumpur Type: Condominium Tenure: Freehold Puchong, Selangor
Type: Land Tenure: Leasehold Type: Land Tenure: Leasehold Built-up: 850 sq ft Bedroom: 3 Bathroom: 2 Type: Condominium Tenure: Freehold
Land size: 15,825 sq ft Built-up: 9,246 sq ft Built-up: 1,280 sq ft Bedroom: 4 Bathroom: 2

Ian Tang (REN 22803) Jimmy Ng (REN 02015) John Oh (REN 07002) Kelvin Tan Khai Yik (REN 31324)
REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0452/1) IQI REALTY SDN BHD (E (1) 1584) ASPIRE PROPERTIES (E (3) 1632)
+6018 278 3154 +6016 257 0886 +6012 298 6266 +6016 403 2222